{"annotation_id":"68cd84cb-cd6b-4d37-bd2a-39babb4dbd44","file_hash":"a59ad3578e0abe0a86ac852b2a5dd66a07758783a86429f87fbd5d5d94adfe95","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"8c91b0e9-a2b5-439a-a6d7-56b0b83d3719","block_type":"box","text":"UNAUDITED SEMI-ANNUAL","page_number":1,"box":{"x":194,"y":351,"width":653,"height":26}},{"id":"bab5a7ee-0c87-499e-95f8-1023f23159a4","block_type":"box","text":"REPORT","page_number":1,"box":{"x":194,"y":399,"width":198,"height":27}},{"id":"3010fe45-030e-4622-8241-1632a607e189","block_type":"box","text":"3 July 2026","page_number":1,"box":{"x":192,"y":445,"width":157,"height":20}},{"id":"9c30ee8f-a9d4-471d-b0ae-32ba5979d270","block_type":"box","text":"Sarasin Funds ICVC","page_number":1,"box":{"x":191,"y":476,"width":158,"height":10}},{"id":"dc384c7d-d55f-42df-bf3b-97f90f0799de","block_type":"box","text":"FCA Authorised UK OEIC Umbrella Funds","page_number":1,"box":{"x":192,"y":493,"width":328,"height":10}},{"id":"945c87e4-7262-41b1-9c89-d2bbd8a360e9","block_type":"box","text":"Sarasin Thematic Global Equity","page_number":1,"box":{"x":191,"y":527,"width":255,"height":12}},{"id":"8c506e0e-be95-48a5-9990-a9bcb6a470dc","block_type":"box","text":"Sarasin Global Equity Real Return","page_number":1,"box":{"x":191,"y":544,"width":274,"height":13}},{"id":"df8404be-e97d-4ffa-b84a-23b4d147ca17","block_type":"box","text":"Sarasin Responsible Global Equity","page_number":1,"box":{"x":191,"y":561,"width":278,"height":13}},{"id":"aa6650f8-8991-43db-abe8-56aa5ffeeaaa","block_type":"box","text":"Sarasin Global Dividend","page_number":1,"box":{"x":191,"y":578,"width":196,"height":10}},{"id":"08081ce8-9022-4d1c-9e37-5c95778d587d","block_type":"box","text":"Sarasin Multi Asset - Strategic","page_number":1,"box":{"x":191,"y":596,"width":245,"height":12}},{"id":"a977a21c-e2b3-43eb-a5d2-a54265384953","block_type":"box","text":"Sarasin Responsible Strategic Bond","page_number":1,"box":{"x":191,"y":613,"width":288,"height":12}},{"id":"6da47f68-2c74-4bc2-bd78-152ed8ddd411","block_type":"box","text":"Sarasin Food and Agriculture Opportunities","page_number":1,"box":{"x":191,"y":630,"width":356,"height":12}},{"id":"b6c678ce-49ed-4b84-b204-80e8e7073748","block_type":"box","text":"Sarasin Responsible Corporate Bond","page_number":1,"box":{"x":191,"y":647,"width":298,"height":12}},{"id":"e071df73-b480-449f-b290-ed9a2d1acfcd","block_type":"box","text":"Sarasin Responsible Multi Asset","page_number":1,"box":{"x":191,"y":664,"width":261,"height":12}},{"id":"c8c14d77-0426-4bad-af1f-d8343d39b1fe","block_type":"box","text":"Sarasin Balanced Managed","page_number":1,"box":{"x":191,"y":681,"width":223,"height":12}},{"id":"ab18e906-b6da-467c-81a0-b650ff56f9f7","block_type":"box","text":"Sarasin Cautious Managed","page_number":1,"box":{"x":191,"y":698,"width":219,"height":13}},{"id":"34c73ff9-56c4-4d5f-929c-f66d93cf3014","block_type":"box","text":"Sarasin Equity Managed","page_number":1,"box":{"x":191,"y":715,"width":199,"height":13}},{"id":"3df29cc5-a026-46eb-a8a4-3040a28cbe08","block_type":"box","text":"Sarasin Growth Managed","page_number":1,"box":{"x":191,"y":732,"width":204,"height":13}},{"id":"176afb1f-9be0-450f-bd4b-6fd1efbcff91","block_type":"box","text":"For the","page_number":1,"box":{"x":192,"y":767,"width":61,"height":10}},{"id":"a0939d59-ad77-4435-a42b-9e90bba6c6a4","block_type":"box","text":"period","page_number":1,"box":{"x":255,"y":767,"width":50,"height":12}},{"id":"3cc5a2b3-9d88-473f-848f-be4ab9bba2e7","block_type":"box","text":"1 January 2026","page_number":1,"box":{"x":313,"y":767,"width":121,"height":12}},{"id":"9414e3dd-08c4-4516-b601-8bb4c5a2660b","block_type":"box","text":"to","page_number":1,"box":{"x":434,"y":768,"width":27,"height":9}},{"id":"3398105e-0625-45c9-98f0-3928eb0867ce","block_type":"box","text":"3","page_number":1,"box":{"x":462,"y":767,"width":8,"height":10}},{"id":"003cce2d-c5b5-4e63-bde5-1a2d51000493","block_type":"box","text":"Ju","page_number":1,"box":{"x":471,"y":767,"width":20,"height":10}},{"id":"4a601b24-9fc0-4a2a-864d-716c9284d9a9","block_type":"box","text":"ly","page_number":1,"box":{"x":494,"y":767,"width":12,"height":12}},{"id":"8e4e8a80-a163-4929-ab96-a4dba22cb4e3","block_type":"box","text":"2026","page_number":1,"box":{"x":506,"y":767,"width":45,"height":10}},{"id":"60945031-2a04-484f-b00c-2cfaa409fbbc","block_type":"box","text":"SARASIN Funds ICVC","page_number":2,"box":{"x":43,"y":34,"width":210,"height":11}},{"id":"9af9f226-1ac8-4a27-b5b1-beea60be9e0f","block_type":"box","text":"Contents","page_number":2,"box":{"x":43,"y":78,"width":76,"height":9}},{"id":"5185891e-9192-4440-89ae-cdbb654c0503","block_type":"box","text":"(Continued)","page_number":2,"box":{"x":120,"y":78,"width":93,"height":12}},{"id":"1502b41d-954d-45cf-a75d-e15d5f167cda","block_type":"box","text":"Page","page_number":2,"box":{"x":918,"y":79,"width":39,"height":11}},{"id":"2b22892e-cf08-48a8-9c29-f9347932d7a5","block_type":"box","text":"1","page_number":2,"box":{"x":497,"y":972,"width":5,"height":8}},{"id":"923deaec-3e34-46bd-bde3-5c8b00828bb5","block_type":"box","text":"SARASIN FUNDS ICVC","page_number":2,"box":{"x":42,"y":97,"width":182,"height":9}},{"id":"479745f1-972b-4821-b6ea-9140bea93128","block_type":"box","text":"Management and Professional Service Providers’ Details","page_number":2,"box":{"x":43,"y":111,"width":421,"height":11}},{"id":"3c6b11dc-1680-4b7d-8b93-2cbef097bca6","block_type":"box","text":"4","page_number":2,"box":{"x":948,"y":111,"width":8,"height":9}},{"id":"7a1c0b8d-65d6-4b29-a48b-063aed0128ad","block_type":"box","text":"Introduction to Shareholders","page_number":2,"box":{"x":43,"y":126,"width":209,"height":8}},{"id":"4a104f4b-774d-43de-b6fb-ea077841e176","block_type":"box","text":"5","page_number":2,"box":{"x":949,"y":126,"width":8,"height":8}},{"id":"77178bc0-4193-44cc-8c1b-88346ab5b701","block_type":"box","text":"Remuneration Disclosure","page_number":2,"box":{"x":43,"y":140,"width":187,"height":9}},{"id":"a9a2fc2f-4c19-4275-a338-a3fc58567e25","block_type":"box","text":"5","page_number":2,"box":{"x":949,"y":140,"width":8,"height":9}},{"id":"2ea6c3bc-e531-44a3-8fae-bc52a0b57179","block_type":"box","text":"Market Review","page_number":2,"box":{"x":43,"y":154,"width":110,"height":9}},{"id":"c4c04cc2-080a-4852-a42c-60f991986668","block_type":"box","text":"6","page_number":2,"box":{"x":948,"y":154,"width":8,"height":9}},{"id":"aa7f808a-6c76-41f7-9ebc-c5af88c26f9d","block_type":"box","text":"Notification of Amendments","page_number":2,"box":{"x":43,"y":168,"width":203,"height":9}},{"id":"7efcac9c-b9e2-4d1e-bd88-cb34966f2569","block_type":"box","text":"9","page_number":2,"box":{"x":949,"y":168,"width":7,"height":9}},{"id":"a92fb9e8-4c35-4941-bcc8-190576bee657","block_type":"box","text":"Investment Themes","page_number":2,"box":{"x":43,"y":183,"width":145,"height":8}},{"id":"196af164-3e5f-4fee-8aa5-74c7c822790a","block_type":"box","text":"9","page_number":2,"box":{"x":949,"y":183,"width":7,"height":8}},{"id":"7e61a7bf-289a-4647-8056-ccdcf4c2532c","block_type":"box","text":"Fund Details","page_number":2,"box":{"x":43,"y":197,"width":92,"height":9}},{"id":"edf399dd-a18c-4ce2-96f7-6e7f9a52362f","block_type":"box","text":"11","page_number":2,"box":{"x":942,"y":197,"width":12,"height":8}},{"id":"2e9e0085-5724-407a-83df-ddf5a420ebcd","block_type":"box","text":"Certification of Accounts by Directors","page_number":2,"box":{"x":43,"y":211,"width":273,"height":11}},{"id":"867e6837-6197-45d1-aff3-04ce3caa0a3f","block_type":"box","text":"26","page_number":2,"box":{"x":939,"y":211,"width":17,"height":9}},{"id":"caf621bd-7dab-4ee0-95b6-6ff49127e7de","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":2,"box":{"x":42,"y":247,"width":266,"height":11}},{"id":"7c9480fb-1cbe-4aca-b76b-c1e1e257e129","block_type":"box","text":"Investment Objective and Policy","page_number":2,"box":{"x":43,"y":261,"width":238,"height":11}},{"id":"0d29e8bf-f072-4e78-aa82-a42be210d4dc","block_type":"box","text":"27","page_number":2,"box":{"x":939,"y":261,"width":17,"height":9}},{"id":"ef18f61b-9094-4054-a5c6-c7f2b9b42ef3","block_type":"box","text":"Investment Review","page_number":2,"box":{"x":43,"y":275,"width":141,"height":9}},{"id":"f8ab10a8-f554-4c85-93d6-f355ce6db6de","block_type":"box","text":"29","page_number":2,"box":{"x":939,"y":275,"width":17,"height":9}},{"id":"6acdf55c-e18b-464b-b433-b1ce1eb8a0f5","block_type":"box","text":"Sub-fund Information","page_number":2,"box":{"x":43,"y":289,"width":154,"height":9}},{"id":"053bd695-429d-4d1d-85fa-d81bf31184ee","block_type":"box","text":"31","page_number":2,"box":{"x":939,"y":289,"width":15,"height":9}},{"id":"4a35a30e-9b3b-469a-bda4-26dabe70467e","block_type":"box","text":"Portfolio Statement","page_number":2,"box":{"x":43,"y":304,"width":142,"height":8}},{"id":"baea244e-1e92-4534-b7e2-5551dd062c17","block_type":"box","text":"32","page_number":2,"box":{"x":939,"y":304,"width":17,"height":8}},{"id":"2ecc0988-50a0-4d89-bbcb-d192bf908ad8","block_type":"box","text":"Statement of Total Return","page_number":2,"box":{"x":43,"y":318,"width":188,"height":9}},{"id":"95707bcb-a1ba-4890-885c-1c9792988b68","block_type":"box","text":"50","page_number":2,"box":{"x":939,"y":318,"width":17,"height":9}},{"id":"d96a2cb7-8e13-4bf7-b8f0-d4ecc75758ef","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":2,"box":{"x":43,"y":332,"width":485,"height":11}},{"id":"f52fd525-bfc2-4c52-a2a9-afc49970472e","block_type":"box","text":"50","page_number":2,"box":{"x":939,"y":332,"width":17,"height":9}},{"id":"01bf5111-71a3-4f37-a97b-deeb25cbd0af","block_type":"box","text":"Balance Sheet","page_number":2,"box":{"x":43,"y":346,"width":108,"height":9}},{"id":"d22dfa64-8c5b-44cf-aca9-94118748e238","block_type":"box","text":"51","page_number":2,"box":{"x":939,"y":346,"width":15,"height":9}},{"id":"f7dd907c-a5c4-4a58-a3d2-9523353f6e34","block_type":"box","text":"Notes to the Financial Statements","page_number":2,"box":{"x":43,"y":360,"width":250,"height":9}},{"id":"efffc884-a2d1-4523-97a9-fd7941f93d27","block_type":"box","text":"52","page_number":2,"box":{"x":939,"y":361,"width":17,"height":8}},{"id":"f80f9d02-733b-428d-a11d-59781f7de80b","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":2,"box":{"x":42,"y":396,"width":286,"height":11}},{"id":"f6737919-64e4-428d-b741-61b03cf8d1c1","block_type":"box","text":"Investment Objective and Policy","page_number":2,"box":{"x":43,"y":410,"width":238,"height":12}},{"id":"e6fede7c-3a3a-4b23-903b-a78cd42b22fc","block_type":"box","text":"54","page_number":2,"box":{"x":939,"y":410,"width":17,"height":9}},{"id":"d6fbd821-f7c8-45bc-9bc5-afe814d09187","block_type":"box","text":"Investment Review","page_number":2,"box":{"x":43,"y":425,"width":141,"height":9}},{"id":"920fb8c2-f156-4da6-9a79-869c1c50794f","block_type":"box","text":"56","page_number":2,"box":{"x":939,"y":425,"width":17,"height":9}},{"id":"d4d932b4-d223-410c-88df-c378df6aabad","block_type":"box","text":"Sub-fund Information","page_number":2,"box":{"x":43,"y":439,"width":154,"height":9}},{"id":"07f22b3a-4ae0-4362-8960-c21c9a062527","block_type":"box","text":"59","page_number":2,"box":{"x":939,"y":439,"width":17,"height":9}},{"id":"1e5fa256-2624-4edb-9e7c-498ba03267e4","block_type":"box","text":"Portfolio Statement","page_number":2,"box":{"x":43,"y":453,"width":142,"height":9}},{"id":"a804b41f-16c0-4279-99e5-aa1dfdd42ed6","block_type":"box","text":"60","page_number":2,"box":{"x":939,"y":453,"width":17,"height":9}},{"id":"83876869-436c-4421-beb4-1e100b5bfb79","block_type":"box","text":"Statement of Total Return","page_number":2,"box":{"x":43,"y":467,"width":188,"height":9}},{"id":"a3135e49-c50b-4206-bc51-1a7f882b5eca","block_type":"box","text":"65","page_number":2,"box":{"x":939,"y":468,"width":18,"height":8}},{"id":"644c3c1f-2e85-4a6f-a16e-1bea2ebc575d","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":2,"box":{"x":43,"y":482,"width":480,"height":11}},{"id":"736895cf-f71b-443f-adca-86cd6b319860","block_type":"box","text":"65","page_number":2,"box":{"x":939,"y":482,"width":18,"height":8}},{"id":"a09a285c-5b60-414b-ad6a-934a44c88653","block_type":"box","text":"Balance Sheet","page_number":2,"box":{"x":43,"y":496,"width":108,"height":9}},{"id":"b8c39abc-d827-4a38-b687-3e685c6cd875","block_type":"box","text":"66","page_number":2,"box":{"x":939,"y":496,"width":17,"height":9}},{"id":"7dac011a-f319-4d79-8405-2a7a89625f87","block_type":"box","text":"Notes to the Financial Statements","page_number":2,"box":{"x":43,"y":510,"width":250,"height":9}},{"id":"d55bbbd4-4b3a-4b88-b059-c161a5f892da","block_type":"box","text":"67","page_number":2,"box":{"x":939,"y":510,"width":17,"height":9}},{"id":"7300b5a3-a7c6-4fa3-9c81-aa869fe707e0","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":2,"box":{"x":42,"y":546,"width":293,"height":11}},{"id":"4e957cbb-f22c-4280-ae1c-c886a48fcc88","block_type":"box","text":"Investment Objective and Policy","page_number":2,"box":{"x":43,"y":560,"width":238,"height":11}},{"id":"057adc47-2333-4b6c-ab4c-41ebdd6e3a2e","block_type":"box","text":"69","page_number":2,"box":{"x":939,"y":560,"width":17,"height":9}},{"id":"b6f97e3f-37c2-4c6b-a0ae-13e67144c406","block_type":"box","text":"Investment Review","page_number":2,"box":{"x":43,"y":574,"width":141,"height":9}},{"id":"d6090457-024e-4dd6-99e5-c2b521d7a03a","block_type":"box","text":"71","page_number":2,"box":{"x":939,"y":574,"width":15,"height":9}},{"id":"f0c50b4e-20ec-4ab0-a953-1a822079c581","block_type":"box","text":"Sub-fund Information","page_number":2,"box":{"x":43,"y":588,"width":154,"height":9}},{"id":"7a0127c0-505a-41cc-8059-7eaeab77034e","block_type":"box","text":"73","page_number":2,"box":{"x":939,"y":589,"width":17,"height":8}},{"id":"c9a3b7f0-11b8-4262-af2c-22408c29aea8","block_type":"box","text":"Portfolio Statement","page_number":2,"box":{"x":43,"y":603,"width":142,"height":9}},{"id":"05ac3218-92bb-452c-8858-261b30dd1303","block_type":"box","text":"74","page_number":2,"box":{"x":939,"y":603,"width":17,"height":8}},{"id":"96185e0f-be33-49b2-ae57-a54f8f08a208","block_type":"box","text":"Statement of Total Return","page_number":2,"box":{"x":43,"y":617,"width":188,"height":9}},{"id":"8a1f94ad-4ff3-4b18-9128-aaf4ba472cba","block_type":"box","text":"88","page_number":2,"box":{"x":939,"y":617,"width":17,"height":9}},{"id":"fdb5cb98-8fbc-4b73-b9a5-1a8cfb6bb7c3","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":2,"box":{"x":43,"y":631,"width":480,"height":11}},{"id":"549fe397-6180-47b1-8108-a7ee0a07cf25","block_type":"box","text":"88","page_number":2,"box":{"x":939,"y":631,"width":17,"height":9}},{"id":"edd1da24-c749-4428-8c8a-7a7f25e848ac","block_type":"box","text":"Balance Sheet","page_number":2,"box":{"x":43,"y":645,"width":108,"height":9}},{"id":"7bde3495-47e3-4790-91af-0a6891aa3c5f","block_type":"box","text":"89","page_number":2,"box":{"x":939,"y":646,"width":17,"height":8}},{"id":"a82549a3-1154-4ea5-bc6c-fa58da7ec91e","block_type":"box","text":"Notes to the Financial Statements","page_number":2,"box":{"x":43,"y":660,"width":250,"height":9}},{"id":"253a7684-6102-4641-a199-0d8b42c2d9cb","block_type":"box","text":"90","page_number":2,"box":{"x":939,"y":660,"width":17,"height":9}},{"id":"942e863a-d6b1-4bd0-a0a7-523e41773171","block_type":"box","text":"SARASIN Global Dividend","page_number":2,"box":{"x":42,"y":695,"width":207,"height":9}},{"id":"65e87f5c-c4dd-4178-b6c7-2d5d3401c8a3","block_type":"box","text":"Investment Objective and Policy","page_number":2,"box":{"x":43,"y":709,"width":238,"height":12}},{"id":"34e2add0-94e6-4abd-b89f-7f3c2fae12fc","block_type":"box","text":"92","page_number":2,"box":{"x":939,"y":710,"width":17,"height":8}},{"id":"ceb92665-7859-42b2-b49b-90141ff5dc3b","block_type":"box","text":"Investment Review","page_number":2,"box":{"x":43,"y":724,"width":141,"height":9}},{"id":"3f9c6a22-931f-4b1b-a305-2ca775779925","block_type":"box","text":"94","page_number":2,"box":{"x":939,"y":724,"width":17,"height":9}},{"id":"0eb2c6fe-c5a9-46c1-822d-e870b3a36b3c","block_type":"box","text":"Sub-fund Information","page_number":2,"box":{"x":43,"y":738,"width":154,"height":9}},{"id":"a0413f98-a61f-41cf-bd7a-1ff240891bc7","block_type":"box","text":"96","page_number":2,"box":{"x":939,"y":738,"width":17,"height":9}},{"id":"000f8ca1-30c7-40ab-85f2-fb6078bbb060","block_type":"box","text":"Portfolio Statement","page_number":2,"box":{"x":43,"y":752,"width":142,"height":9}},{"id":"36ac9c5a-ca46-4203-b423-8e34d71867ed","block_type":"box","text":"97","page_number":2,"box":{"x":939,"y":752,"width":17,"height":9}},{"id":"1ff669e5-acbe-4239-b589-8b524c98eb89","block_type":"box","text":"Statement of Total Return","page_number":2,"box":{"x":43,"y":766,"width":188,"height":9}},{"id":"ff79bea1-98b5-474f-b73e-6457374906d5","block_type":"box","text":"113","page_number":2,"box":{"x":932,"y":767,"width":24,"height":8}},{"id":"26860605-bf1b-4004-84f4-2fc58b866918","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":2,"box":{"x":43,"y":781,"width":480,"height":11}},{"id":"4e33cc47-bb0b-4b34-b9bf-9a0bb426b7be","block_type":"box","text":"113","page_number":2,"box":{"x":932,"y":781,"width":24,"height":9}},{"id":"21be5e13-ebee-4dc4-9bf9-115d70f90adb","block_type":"box","text":"Balance Sheet","page_number":2,"box":{"x":43,"y":795,"width":108,"height":9}},{"id":"b1009b74-f54f-459d-8f95-5ee5129be8bb","block_type":"box","text":"114","page_number":2,"box":{"x":932,"y":795,"width":24,"height":9}},{"id":"16b41f6c-8a49-40f9-87be-b89465859c13","block_type":"box","text":"Notes to the Financial Statements","page_number":2,"box":{"x":43,"y":809,"width":250,"height":9}},{"id":"bb4f7ca3-d530-4aae-b138-15aa2b14eb5a","block_type":"box","text":"115","page_number":2,"box":{"x":932,"y":809,"width":25,"height":9}},{"id":"1c762075-2031-46b5-a245-3196a2f08cd2","block_type":"box","text":"SARASIN Funds ICVC","page_number":3,"box":{"x":43,"y":35,"width":210,"height":11}},{"id":"c5b45415-3dec-4b69-813f-d3bc9849a1c5","block_type":"box","text":"Contents (continued)","page_number":3,"box":{"x":43,"y":79,"width":167,"height":11}},{"id":"6b719f84-859b-46d2-9d3d-5eaa7b14b65c","block_type":"box","text":"Page","page_number":3,"box":{"x":918,"y":79,"width":39,"height":11}},{"id":"b85e2b07-b856-4a6a-a83f-c5118ac67a68","block_type":"box","text":"2","page_number":3,"box":{"x":496,"y":972,"width":7,"height":8}},{"id":"addb3ba1-5541-43e3-960b-d7e3735f60bf","block_type":"box","text":"3","page_number":3,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"bda76a40-641e-447d-964f-f991f6347739","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":3,"box":{"x":42,"y":97,"width":255,"height":11}},{"id":"ab2c1f5a-bc53-47ab-a16b-00461224706b","block_type":"box","text":"Investment Objective and Policy","page_number":3,"box":{"x":43,"y":111,"width":238,"height":11}},{"id":"904c4070-a942-44ad-82bd-f75eee3ae42f","block_type":"box","text":"117","page_number":3,"box":{"x":932,"y":111,"width":24,"height":9}},{"id":"c26c79fc-d9eb-4337-b219-f1ffc667ab5f","block_type":"box","text":"Investment Review","page_number":3,"box":{"x":43,"y":126,"width":141,"height":8}},{"id":"fbc8805e-cd7d-4dc2-b008-582a3bfd7ae2","block_type":"box","text":"119","page_number":3,"box":{"x":932,"y":126,"width":24,"height":8}},{"id":"329e407f-79a2-4067-a408-7e7740f78577","block_type":"box","text":"Sub-fund Information","page_number":3,"box":{"x":43,"y":140,"width":154,"height":9}},{"id":"7f3162ca-4d53-4f2b-8fe1-a94a7ef7b4bd","block_type":"box","text":"122","page_number":3,"box":{"x":931,"y":140,"width":25,"height":8}},{"id":"78dfa6c8-bb71-42f9-80af-d8ca05e8b5f8","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":43,"y":154,"width":142,"height":9}},{"id":"51b970ca-f440-4127-ae75-3d8283473593","block_type":"box","text":"123","page_number":3,"box":{"x":931,"y":154,"width":25,"height":9}},{"id":"bfb82aff-bb38-4eb5-a0d3-3a7124c2edee","block_type":"box","text":"Statement of Total Return","page_number":3,"box":{"x":43,"y":168,"width":188,"height":9}},{"id":"ba3e74e5-7f73-41af-bf21-e98f49b91cbb","block_type":"box","text":"128","page_number":3,"box":{"x":931,"y":168,"width":25,"height":9}},{"id":"e8d2c5b7-f7a5-4d6f-b248-2e6ff3bae00e","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":3,"box":{"x":43,"y":182,"width":480,"height":12}},{"id":"fa5d295e-f363-489d-baff-78a4c34214c2","block_type":"box","text":"128","page_number":3,"box":{"x":931,"y":183,"width":25,"height":8}},{"id":"fb5cc749-af63-4bb2-b5b4-ace212a918d8","block_type":"box","text":"Balance Sheet","page_number":3,"box":{"x":43,"y":197,"width":108,"height":9}},{"id":"1e1da8be-91c0-4922-bb6e-573429148062","block_type":"box","text":"129","page_number":3,"box":{"x":931,"y":197,"width":25,"height":9}},{"id":"b225daab-c761-4930-82e8-b3bf3fa032a1","block_type":"box","text":"Notes to the Financial Statements","page_number":3,"box":{"x":43,"y":211,"width":250,"height":9}},{"id":"002bb160-3fe8-4bc9-84ca-998bd1c04154","block_type":"box","text":"130","page_number":3,"box":{"x":931,"y":211,"width":25,"height":9}},{"id":"d471f1cc-5dd4-45b9-95ab-491bef11ac50","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":3,"box":{"x":42,"y":247,"width":303,"height":11}},{"id":"0c1e4870-f010-48ca-88df-356c1580ee96","block_type":"box","text":"Investment Objective and Policy","page_number":3,"box":{"x":43,"y":261,"width":238,"height":11}},{"id":"f4c43d60-3a97-4a24-b903-690aacc26f28","block_type":"box","text":"132","page_number":3,"box":{"x":931,"y":261,"width":25,"height":9}},{"id":"4244357f-7556-436f-b6c6-798a1d0622d3","block_type":"box","text":"Investment Review","page_number":3,"box":{"x":43,"y":275,"width":141,"height":9}},{"id":"e0a81bbd-18fa-4191-a03f-86c88d7fac6a","block_type":"box","text":"133","page_number":3,"box":{"x":931,"y":275,"width":25,"height":9}},{"id":"0e854c6b-d555-4f3d-ba8c-9ebee2ff3a35","block_type":"box","text":"Sub-fund Information","page_number":3,"box":{"x":43,"y":289,"width":154,"height":9}},{"id":"ce5af070-2712-46ac-9cb3-67587258fb1a","block_type":"box","text":"135","page_number":3,"box":{"x":931,"y":289,"width":26,"height":9}},{"id":"6111c945-ab64-4d87-9978-7d03439bd07f","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":43,"y":304,"width":142,"height":8}},{"id":"dedb9a92-b547-4b70-8eab-1d6f7fab1b15","block_type":"box","text":"136","page_number":3,"box":{"x":931,"y":304,"width":25,"height":8}},{"id":"0d4018f2-d5a1-4210-8063-b2880b2d8a2c","block_type":"box","text":"Statement of Total Return","page_number":3,"box":{"x":43,"y":318,"width":188,"height":9}},{"id":"91aebf49-7c35-488c-8f34-28d2dbdc94ad","block_type":"box","text":"140","page_number":3,"box":{"x":931,"y":318,"width":25,"height":9}},{"id":"541099b9-8be7-4c03-84ba-ad179f09690b","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":3,"box":{"x":43,"y":332,"width":485,"height":11}},{"id":"94512c19-7b00-482e-ac35-fd49180af664","block_type":"box","text":"140","page_number":3,"box":{"x":931,"y":332,"width":25,"height":9}},{"id":"a0231e26-a98b-46a8-ac6e-47b216869cda","block_type":"box","text":"Balance Sheet","page_number":3,"box":{"x":43,"y":346,"width":108,"height":9}},{"id":"6f52c637-8a24-4fba-9b8f-9f73a5b5653a","block_type":"box","text":"141","page_number":3,"box":{"x":931,"y":346,"width":23,"height":9}},{"id":"6e566765-ef22-40df-9c19-aaea9f617ea3","block_type":"box","text":"Notes to the Financial Statements","page_number":3,"box":{"x":43,"y":360,"width":250,"height":9}},{"id":"a67f93fb-4118-41a7-8cda-fdb47e346b78","block_type":"box","text":"142","page_number":3,"box":{"x":931,"y":361,"width":25,"height":8}},{"id":"11a25d2f-bf43-4c38-b5f0-13b3412e118b","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":3,"box":{"x":42,"y":396,"width":345,"height":11}},{"id":"a9cd819b-0577-4614-af67-2c83fff4c91b","block_type":"box","text":"Investment Objective and Policy","page_number":3,"box":{"x":43,"y":410,"width":238,"height":12}},{"id":"68d1f97f-0ab2-4c91-a616-f673d57be644","block_type":"box","text":"144","page_number":3,"box":{"x":931,"y":410,"width":25,"height":9}},{"id":"e07f0c0c-fddd-4c73-b318-5f9cdc884ee2","block_type":"box","text":"Investment Review","page_number":3,"box":{"x":43,"y":425,"width":145,"height":9}},{"id":"500e72bd-a9df-4a55-84e0-991b050b62f9","block_type":"box","text":"145","page_number":3,"box":{"x":931,"y":425,"width":26,"height":9}},{"id":"245567e3-daaf-49ed-a789-9a4f137b345c","block_type":"box","text":"Sub-fund Information","page_number":3,"box":{"x":43,"y":439,"width":154,"height":9}},{"id":"ad1a9af0-785a-4929-b14d-c8d4ae6a462a","block_type":"box","text":"147","page_number":3,"box":{"x":931,"y":439,"width":25,"height":9}},{"id":"34e6bd8e-62a2-4586-b7b5-a85addf7fbda","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":43,"y":453,"width":142,"height":9}},{"id":"8d07f296-bf39-42c2-a524-8e54cc4a027d","block_type":"box","text":"148","page_number":3,"box":{"x":931,"y":453,"width":25,"height":9}},{"id":"8b3bea41-7a56-4b83-9a30-9b412d30c746","block_type":"box","text":"Statement of Total Return","page_number":3,"box":{"x":43,"y":467,"width":188,"height":9}},{"id":"dd8b95ca-e7d0-4b39-8e56-189e2289bfcc","block_type":"box","text":"150","page_number":3,"box":{"x":931,"y":468,"width":25,"height":8}},{"id":"11a226d2-03b9-4644-8b7b-cf229f3db8b5","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":3,"box":{"x":43,"y":482,"width":480,"height":11}},{"id":"ded596e7-aab7-4a0a-b2b5-f67b107d2fdf","block_type":"box","text":"150","page_number":3,"box":{"x":931,"y":482,"width":25,"height":8}},{"id":"306b2e13-08d9-4250-9ffd-fa20a6254fb5","block_type":"box","text":"Balance Sheet","page_number":3,"box":{"x":43,"y":496,"width":108,"height":9}},{"id":"bd863490-5c93-4475-880c-6b0b3116899d","block_type":"box","text":"151","page_number":3,"box":{"x":931,"y":496,"width":23,"height":9}},{"id":"ef97450f-9cb8-41de-ab84-fddd84f3dd25","block_type":"box","text":"Notes to the Financial Statements","page_number":3,"box":{"x":43,"y":510,"width":250,"height":9}},{"id":"a353b333-2721-4535-8d98-073e45571768","block_type":"box","text":"152","page_number":3,"box":{"x":931,"y":510,"width":25,"height":9}},{"id":"a572457e-38d7-42f6-a069-083869948187","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":3,"box":{"x":42,"y":546,"width":311,"height":11}},{"id":"2de6c604-0c59-47d0-8839-be13ecee9acf","block_type":"box","text":"Investment Objective and Policy","page_number":3,"box":{"x":43,"y":560,"width":238,"height":11}},{"id":"8a0ab1f6-12e0-4a4b-bea5-fa2dc13cea1d","block_type":"box","text":"154","page_number":3,"box":{"x":931,"y":560,"width":25,"height":9}},{"id":"3e383662-8f61-4e92-8ff4-6ed405f1b320","block_type":"box","text":"Investment Review","page_number":3,"box":{"x":43,"y":574,"width":141,"height":9}},{"id":"80e49daf-1f17-4e3c-8dc8-fa444c946df0","block_type":"box","text":"155","page_number":3,"box":{"x":931,"y":574,"width":26,"height":9}},{"id":"74095766-e9ee-46f0-baf6-8e52c09db953","block_type":"box","text":"Sub-fund Information","page_number":3,"box":{"x":43,"y":588,"width":154,"height":9}},{"id":"9507ad0c-bf62-43d5-9ccf-72ed24a40b98","block_type":"box","text":"157","page_number":3,"box":{"x":931,"y":589,"width":25,"height":8}},{"id":"9689c28a-40f9-4f53-81c1-400bece883e2","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":43,"y":603,"width":142,"height":9}},{"id":"00a89fb8-1a19-4025-b524-028f58fef681","block_type":"box","text":"158","page_number":3,"box":{"x":931,"y":603,"width":25,"height":9}},{"id":"b1681bd2-9f48-4f95-9d17-5c3eafae7ee2","block_type":"box","text":"Statement of Total Return","page_number":3,"box":{"x":43,"y":617,"width":188,"height":9}},{"id":"56c74ce2-a64f-4f29-b48d-328847e958d2","block_type":"box","text":"162","page_number":3,"box":{"x":931,"y":617,"width":25,"height":9}},{"id":"387dd705-6827-4e35-a0a3-aa11b1b9394d","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":3,"box":{"x":43,"y":631,"width":480,"height":11}},{"id":"8042d197-a751-43c4-9103-cdbdb7447c90","block_type":"box","text":"162","page_number":3,"box":{"x":931,"y":631,"width":25,"height":9}},{"id":"2cf43cdc-ca9f-4fe4-a811-361693f517de","block_type":"box","text":"Balance Sheet","page_number":3,"box":{"x":43,"y":645,"width":108,"height":9}},{"id":"efd3347f-577e-4da0-8015-a4c6a105bb8f","block_type":"box","text":"163","page_number":3,"box":{"x":931,"y":646,"width":25,"height":8}},{"id":"abcacf5c-2743-47b0-a482-43680c426373","block_type":"box","text":"Notes to the Financial Statements","page_number":3,"box":{"x":43,"y":660,"width":250,"height":9}},{"id":"198725d0-cac9-4868-bbe5-a43ae0762d85","block_type":"box","text":"164","page_number":3,"box":{"x":931,"y":660,"width":25,"height":9}},{"id":"26d7cce5-4b80-43a6-99f8-7d78d33274d7","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":3,"box":{"x":42,"y":695,"width":273,"height":11}},{"id":"f3a0dbde-9ccf-4483-8bc1-5f11b35aa4d6","block_type":"box","text":"Investment Objective and Policy","page_number":3,"box":{"x":43,"y":709,"width":238,"height":12}},{"id":"fb2e28e8-8c72-4b9c-84ac-871333148c99","block_type":"box","text":"166","page_number":3,"box":{"x":931,"y":710,"width":25,"height":8}},{"id":"397cf408-29ca-4c05-8610-c4883f2f5da4","block_type":"box","text":"Investment Review","page_number":3,"box":{"x":43,"y":724,"width":141,"height":9}},{"id":"3b87e1f1-5d20-4f66-8f30-581d1f23ec8d","block_type":"box","text":"168","page_number":3,"box":{"x":931,"y":724,"width":25,"height":9}},{"id":"9dfc5bb8-5edc-45fa-be46-a46e82d59f3e","block_type":"box","text":"Sub-fund Information","page_number":3,"box":{"x":43,"y":738,"width":154,"height":9}},{"id":"26c85d02-6302-43ab-bee8-7fe2580e5fa3","block_type":"box","text":"171","page_number":3,"box":{"x":931,"y":738,"width":23,"height":9}},{"id":"ea952c97-49df-4a3b-abf4-80af73279705","block_type":"box","text":"Portfolio Statement","page_number":3,"box":{"x":43,"y":752,"width":142,"height":9}},{"id":"a06bcfb1-2fb9-43f9-a9c7-0f1db849c24d","block_type":"box","text":"172","page_number":3,"box":{"x":931,"y":752,"width":25,"height":9}},{"id":"a1b6adfb-3bd0-4c39-81b7-6f617cae27dc","block_type":"box","text":"Statement of Total Return","page_number":3,"box":{"x":43,"y":766,"width":188,"height":9}},{"id":"2591c4cf-dd18-4c5a-9455-691d0651329e","block_type":"box","text":"176","page_number":3,"box":{"x":931,"y":767,"width":25,"height":8}},{"id":"23110ade-a68c-4135-ba0a-cdb9c10f099b","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":3,"box":{"x":43,"y":781,"width":480,"height":11}},{"id":"694afdc9-c876-4afe-8072-36cc0375c6f5","block_type":"box","text":"176","page_number":3,"box":{"x":931,"y":781,"width":25,"height":9}},{"id":"e9963a2d-d310-4ad6-99ec-f3b7918c4b2a","block_type":"box","text":"Balance Sheet","page_number":3,"box":{"x":43,"y":795,"width":108,"height":9}},{"id":"ca9df3e2-1fb4-4fc1-853b-87043bcb952d","block_type":"box","text":"177","page_number":3,"box":{"x":931,"y":795,"width":25,"height":9}},{"id":"3d858839-a3c7-405c-9bde-246dc55860a8","block_type":"box","text":"Notes to the Financial Statements","page_number":3,"box":{"x":43,"y":809,"width":250,"height":9}},{"id":"21a5ca33-ec2d-494d-9f08-75a3ba1efcaa","block_type":"box","text":"178","page_number":3,"box":{"x":931,"y":809,"width":25,"height":9}},{"id":"96270e04-9268-4709-8687-09fbc5118897","block_type":"box","text":"SARASIN Funds ICVC","page_number":4,"box":{"x":43,"y":34,"width":210,"height":11}},{"id":"36b961e3-4ea6-473b-b15d-9f57ce40598e","block_type":"box","text":"Contents (continued)","page_number":4,"box":{"x":43,"y":78,"width":167,"height":12}},{"id":"c767004f-2046-4acd-b2a0-9383deb4576f","block_type":"box","text":"Page","page_number":4,"box":{"x":918,"y":79,"width":39,"height":11}},{"id":"4f8cef1a-4f49-42b9-b235-73e5ff2d97b8","block_type":"box","text":"3","page_number":4,"box":{"x":496,"y":972,"width":6,"height":8}},{"id":"e103fd04-a0ee-477a-96d7-a80deb4401a7","block_type":"box","text":"SARASIN Balanced Managed","page_number":4,"box":{"x":42,"y":97,"width":231,"height":11}},{"id":"06c02c60-0e04-409c-bfcf-c53088503fc8","block_type":"box","text":"Investment Objective and Policy","page_number":4,"box":{"x":43,"y":111,"width":238,"height":11}},{"id":"28bd9229-c053-49f0-8fdd-79f7ec36224b","block_type":"box","text":"180","page_number":4,"box":{"x":931,"y":111,"width":25,"height":9}},{"id":"0089390e-e644-4362-8e66-5aa98da8150b","block_type":"box","text":"Investment Review","page_number":4,"box":{"x":43,"y":126,"width":141,"height":8}},{"id":"eb229318-0bd8-4bb3-91af-b439d19e2857","block_type":"box","text":"182","page_number":4,"box":{"x":931,"y":126,"width":25,"height":8}},{"id":"38d2285c-81ff-4554-a4c9-1f90c5f1325a","block_type":"box","text":"Sub-fund Information","page_number":4,"box":{"x":43,"y":140,"width":154,"height":9}},{"id":"2daf6f54-4b8d-4b5b-9a09-37fca6759ab5","block_type":"box","text":"184","page_number":4,"box":{"x":931,"y":140,"width":25,"height":9}},{"id":"0682e623-1a48-4a4d-9b08-00cab76d27dd","block_type":"box","text":"Portfolio Statement","page_number":4,"box":{"x":43,"y":154,"width":142,"height":9}},{"id":"f340e362-bba4-4e9e-bd52-63b12010843f","block_type":"box","text":"185","page_number":4,"box":{"x":931,"y":154,"width":26,"height":9}},{"id":"5d9783d0-20ee-4562-8a9e-a47d11fd41de","block_type":"box","text":"Statement of Total Return","page_number":4,"box":{"x":43,"y":168,"width":188,"height":9}},{"id":"e0be9a12-6e63-4ecb-afd0-1fd0f8d8f3ec","block_type":"box","text":"189","page_number":4,"box":{"x":931,"y":168,"width":25,"height":9}},{"id":"69a21add-b303-4996-8eb3-b7db78ebd765","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":4,"box":{"x":43,"y":182,"width":480,"height":12}},{"id":"915f2c18-a721-4137-a349-92f864dc67fa","block_type":"box","text":"189","page_number":4,"box":{"x":931,"y":183,"width":25,"height":8}},{"id":"64b94b37-d7bc-4a89-8510-41aa6c14b4bf","block_type":"box","text":"Balance Sheet","page_number":4,"box":{"x":43,"y":197,"width":108,"height":9}},{"id":"436f2061-4b1b-4bd0-adeb-ebcb520ae9f1","block_type":"box","text":"190","page_number":4,"box":{"x":931,"y":197,"width":25,"height":9}},{"id":"43bb01dd-a7b8-414e-9f9f-fc7e551c8621","block_type":"box","text":"Notes to the Financial Statements","page_number":4,"box":{"x":43,"y":211,"width":250,"height":9}},{"id":"085ed447-954c-4a7c-9c48-92291ff8485f","block_type":"box","text":"191","page_number":4,"box":{"x":931,"y":211,"width":23,"height":9}},{"id":"2b432359-f2a7-450a-b836-0260aea2f371","block_type":"box","text":"SARASIN Cautious Managed","page_number":4,"box":{"x":42,"y":247,"width":228,"height":11}},{"id":"8dfcdbe9-6a98-4d36-85d4-2d310a7f059b","block_type":"box","text":"Investment Objective and Policy","page_number":4,"box":{"x":43,"y":261,"width":238,"height":11}},{"id":"78e7484b-3123-4065-bf3e-40942f557958","block_type":"box","text":"193","page_number":4,"box":{"x":931,"y":261,"width":25,"height":9}},{"id":"93fca133-f465-4a38-92a6-068baf171263","block_type":"box","text":"Investment Review","page_number":4,"box":{"x":43,"y":275,"width":141,"height":9}},{"id":"4f69bf63-3ec4-4a85-b5f8-49e08da55f27","block_type":"box","text":"195","page_number":4,"box":{"x":931,"y":275,"width":26,"height":9}},{"id":"080cc948-673d-4e1b-844a-c0ac5a5b0b82","block_type":"box","text":"Sub-fund Information","page_number":4,"box":{"x":43,"y":289,"width":154,"height":9}},{"id":"4dda8ba0-be25-4372-b83d-dc86a80a2cfc","block_type":"box","text":"197","page_number":4,"box":{"x":931,"y":289,"width":25,"height":9}},{"id":"f2450bbe-27ea-48b5-9241-7d3676cee910","block_type":"box","text":"Portfolio Statement","page_number":4,"box":{"x":43,"y":304,"width":142,"height":8}},{"id":"fb1f5d1c-91c2-4189-9f76-80fea745bc4c","block_type":"box","text":"198","page_number":4,"box":{"x":931,"y":304,"width":25,"height":8}},{"id":"ac857d78-fb74-4daf-b17d-4d0147601dd1","block_type":"box","text":"Statement of Total Return","page_number":4,"box":{"x":43,"y":318,"width":188,"height":9}},{"id":"d3ac6233-66e7-4acf-b8bf-b064a40d6a3f","block_type":"box","text":"202","page_number":4,"box":{"x":930,"y":318,"width":26,"height":9}},{"id":"ae8f99fc-e155-4dd7-95c5-71864e5acf6f","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":4,"box":{"x":43,"y":332,"width":480,"height":11}},{"id":"c531900a-dd9e-4f4b-bc95-0694862e5bd1","block_type":"box","text":"202","page_number":4,"box":{"x":930,"y":332,"width":26,"height":9}},{"id":"bc4ba844-3b8e-4404-8a58-63db679deb9e","block_type":"box","text":"Balance Sheet","page_number":4,"box":{"x":43,"y":346,"width":108,"height":9}},{"id":"8340b482-bcae-4196-8a2a-5ab4c8f083e2","block_type":"box","text":"203","page_number":4,"box":{"x":930,"y":346,"width":26,"height":9}},{"id":"0eaa80b4-d998-402e-a585-8d4b539815b5","block_type":"box","text":"Notes to the Financial Statements","page_number":4,"box":{"x":43,"y":360,"width":250,"height":9}},{"id":"514883f0-9cf6-40be-8d8e-2233d5734762","block_type":"box","text":"204","page_number":4,"box":{"x":930,"y":361,"width":26,"height":8}},{"id":"9a996958-7059-45a5-b047-c42bfdf723cb","block_type":"box","text":"SARASIN Equity Managed","page_number":4,"box":{"x":42,"y":396,"width":208,"height":11}},{"id":"e8306d6c-17d8-4e7d-ace2-77c712415b52","block_type":"box","text":"Investment Objective and Policy","page_number":4,"box":{"x":43,"y":410,"width":238,"height":12}},{"id":"1b7352c9-76d3-409e-9218-c2b85d9c17c3","block_type":"box","text":"206","page_number":4,"box":{"x":930,"y":410,"width":26,"height":9}},{"id":"ca1cd2a1-98c8-418e-abf0-efced41afa8b","block_type":"box","text":"Investment Review","page_number":4,"box":{"x":43,"y":425,"width":141,"height":9}},{"id":"c8d48d7a-5c5c-4136-81e7-b404e1ea3684","block_type":"box","text":"208","page_number":4,"box":{"x":930,"y":425,"width":26,"height":9}},{"id":"b0eb07b3-fa37-40a7-832c-87cbf097c7b1","block_type":"box","text":"Sub-fund Information","page_number":4,"box":{"x":43,"y":439,"width":154,"height":9}},{"id":"e0b61c55-2844-456f-8050-7c82fe7cd98b","block_type":"box","text":"210","page_number":4,"box":{"x":930,"y":439,"width":26,"height":9}},{"id":"cac45276-0e09-4d9b-bf58-7c379071fa09","block_type":"box","text":"Portfolio Statement","page_number":4,"box":{"x":43,"y":453,"width":142,"height":9}},{"id":"2432031a-3e42-44cb-990f-b590037e36b5","block_type":"box","text":"211","page_number":4,"box":{"x":931,"y":453,"width":23,"height":9}},{"id":"f1080143-b84b-4da7-8930-bf4c440274e5","block_type":"box","text":"Statement of Total Return","page_number":4,"box":{"x":43,"y":467,"width":188,"height":9}},{"id":"b38584c2-06a8-4952-ae7b-c4a19bb69b00","block_type":"box","text":"214","page_number":4,"box":{"x":930,"y":467,"width":26,"height":9}},{"id":"097c2265-5e3a-4588-93af-8c085b12d6ce","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":4,"box":{"x":43,"y":482,"width":480,"height":11}},{"id":"0d242cf0-cb08-479c-b3a3-f0aaeb840fe4","block_type":"box","text":"214","page_number":4,"box":{"x":930,"y":482,"width":26,"height":8}},{"id":"e699aa33-d3f6-4a0a-a246-33e61577959a","block_type":"box","text":"Balance Sheet","page_number":4,"box":{"x":43,"y":496,"width":108,"height":9}},{"id":"ee393b06-9617-4ce2-bdcb-ca1b37fa48d4","block_type":"box","text":"215","page_number":4,"box":{"x":930,"y":496,"width":27,"height":9}},{"id":"0d2af78f-4e2f-40e1-ae69-a64d2f621edc","block_type":"box","text":"Notes to the Financial Statements","page_number":4,"box":{"x":43,"y":510,"width":250,"height":9}},{"id":"b744cf50-e5bf-4107-9de9-a3d47976a3a0","block_type":"box","text":"216","page_number":4,"box":{"x":930,"y":510,"width":26,"height":9}},{"id":"efccfa32-e965-4ab1-b4d8-414d29d024c7","block_type":"box","text":"SARASIN Growth Managed","page_number":4,"box":{"x":42,"y":546,"width":215,"height":11}},{"id":"b7db93f9-486a-497b-b58d-656116fddf0a","block_type":"box","text":"Investment Objective and Policy","page_number":4,"box":{"x":43,"y":560,"width":238,"height":11}},{"id":"826cb9f6-f3f9-46f9-b110-90cb92dc8edb","block_type":"box","text":"218","page_number":4,"box":{"x":930,"y":560,"width":26,"height":9}},{"id":"b119b4be-601f-4c00-a7f7-79089b007dff","block_type":"box","text":"Investment Review","page_number":4,"box":{"x":43,"y":574,"width":141,"height":9}},{"id":"9a6097e6-0d05-41d1-a6eb-eba17d2a0e89","block_type":"box","text":"220","page_number":4,"box":{"x":930,"y":574,"width":26,"height":9}},{"id":"0a8d9974-70a3-4be9-adcf-6b7f6200fc2a","block_type":"box","text":"Sub-fund Information","page_number":4,"box":{"x":43,"y":588,"width":154,"height":9}},{"id":"ba7dcd1f-4754-4cae-b74e-87ae4f81b3c2","block_type":"box","text":"222","page_number":4,"box":{"x":930,"y":589,"width":26,"height":8}},{"id":"2fe1218c-2f7b-4c1b-ae2d-0af20778278c","block_type":"box","text":"Portfolio Statement","page_number":4,"box":{"x":43,"y":603,"width":142,"height":9}},{"id":"7223c872-e97d-459a-a25f-93cd4f160a71","block_type":"box","text":"223","page_number":4,"box":{"x":930,"y":603,"width":26,"height":9}},{"id":"79289860-c036-45bf-8276-9675320147fa","block_type":"box","text":"Statement of Total Return","page_number":4,"box":{"x":43,"y":617,"width":188,"height":9}},{"id":"5bbd098c-92dd-454f-bf11-f83f1dc4fff7","block_type":"box","text":"227","page_number":4,"box":{"x":930,"y":617,"width":26,"height":9}},{"id":"88fdaa83-c422-4d9a-b0be-86cebfc87b8b","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":4,"box":{"x":43,"y":631,"width":480,"height":11}},{"id":"f3f24cc0-6fea-4f28-8404-c713a6fc3804","block_type":"box","text":"227","page_number":4,"box":{"x":930,"y":631,"width":26,"height":9}},{"id":"1a7222bb-2b5e-4856-a306-d4930de6a905","block_type":"box","text":"Balance Sheet","page_number":4,"box":{"x":43,"y":645,"width":108,"height":9}},{"id":"42ae2650-fd84-446d-b96d-8e3b9724fc23","block_type":"box","text":"228","page_number":4,"box":{"x":930,"y":646,"width":26,"height":8}},{"id":"a9f07e9b-8bfe-49b9-8629-23dcc50ef76b","block_type":"box","text":"Notes to the Financial Statements","page_number":4,"box":{"x":43,"y":660,"width":250,"height":9}},{"id":"2fab3d87-cac1-44cf-b0b2-31f0679e1b65","block_type":"box","text":"229","page_number":4,"box":{"x":930,"y":660,"width":26,"height":9}},{"id":"35203a65-8edf-47bd-b1c5-2700a3da1d27","block_type":"box","text":"4","page_number":5,"box":{"x":495,"y":972,"width":8,"height":8}},{"id":"a223fca5-e164-44f8-8293-6eec34f35f9c","block_type":"box","text":"SARASIN Funds ICVC","page_number":5,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"4afeecd9-a765-421c-bf63-4dd95cf27f26","block_type":"box","text":"Management and Professional Service","page_number":5,"box":{"x":43,"y":78,"width":373,"height":13}},{"id":"eb561b73-a303-4114-bd0c-17a2d6a18c32","block_type":"box","text":"Providers’ Details","page_number":5,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"a1146456-0924-4d58-b7f3-2ee2a40db039","block_type":"box","text":"The Company","page_number":5,"box":{"x":42,"y":132,"width":111,"height":11}},{"id":"ffada013-1cf8-48e6-b21a-ffc4eeab6c98","block_type":"box","text":"Sarasin Funds ICVC","page_number":5,"box":{"x":43,"y":146,"width":151,"height":9}},{"id":"9ea64dbd-f344-4528-8379-80b001b88c82","block_type":"box","text":"50 George Street","page_number":5,"box":{"x":43,"y":160,"width":128,"height":11}},{"id":"f440c807-23d6-4257-88ae-a5f88f68a105","block_type":"box","text":"London W1U 7DY","page_number":5,"box":{"x":43,"y":174,"width":134,"height":9}},{"id":"f3ed4f3d-7e7b-4590-b3c2-39d77a5bb710","block_type":"box","text":"Tel: 020 7038 7000","page_number":5,"box":{"x":42,"y":189,"width":142,"height":8}},{"id":"a5ab76af-b529-4580-b712-ee5fa17a5198","block_type":"box","text":"Fax: 020 7038 6851","page_number":5,"box":{"x":43,"y":203,"width":145,"height":9}},{"id":"8ef442da-d8bf-4440-96e9-58ea56e1d24c","block_type":"box","text":"Authorised Corporate Director","page_number":5,"box":{"x":42,"y":228,"width":243,"height":11}},{"id":"8e9df2ca-2c0a-47d4-aa25-fd40338ab49e","block_type":"box","text":"Sarasin Investment Funds Limited","page_number":5,"box":{"x":43,"y":242,"width":251,"height":9}},{"id":"60f6d3c7-bf41-44a8-85ce-856f56578e21","block_type":"box","text":"50 George Street","page_number":5,"box":{"x":43,"y":256,"width":128,"height":12}},{"id":"7fc7d68c-4b08-453b-8b2a-744804556e05","block_type":"box","text":"London W1U 7DY","page_number":5,"box":{"x":43,"y":271,"width":134,"height":8}},{"id":"2bb4622f-145a-4ffc-8947-bc06072f14f7","block_type":"box","text":"Tel: 020 7038 7000","page_number":5,"box":{"x":42,"y":285,"width":142,"height":9}},{"id":"e0bd2d9c-4c75-4262-b1c0-d2f79d45889a","block_type":"box","text":"Fax: 020 7038 6851","page_number":5,"box":{"x":43,"y":299,"width":145,"height":9}},{"id":"f6d9e2b1-fd23-498e-920e-86c94ea58f73","block_type":"box","text":"(Authorised and regulated by the","page_number":5,"box":{"x":43,"y":313,"width":242,"height":12}},{"id":"0db3e8b0-bfa2-416f-8a97-6c2c7b2e7c41","block_type":"box","text":"Financial Conduct Authority)","page_number":5,"box":{"x":43,"y":328,"width":208,"height":11}},{"id":"dee8058d-9677-432a-b1d9-a70d5102d42c","block_type":"box","text":"Directors of the Authorised Corporate Director","page_number":5,"box":{"x":43,"y":353,"width":370,"height":11}},{"id":"cf189b19-3938-43b4-ba95-9a61891e8006","block_type":"box","text":"G.V. Matthews","page_number":5,"box":{"x":43,"y":367,"width":107,"height":9}},{"id":"c677c0e9-59e3-4bbd-8de2-e048c019abc2","block_type":"box","text":"S.A.M. Jeffries (resigned 30 June 2026)","page_number":5,"box":{"x":43,"y":381,"width":294,"height":11}},{"id":"ead74fcc-2849-4d96-b410-811febbd75af","block_type":"box","text":"G. Steinberg*","page_number":5,"box":{"x":43,"y":395,"width":104,"height":12}},{"id":"3733cfab-8d44-481a-a0f1-9251bda19946","block_type":"box","text":"E. Tracey*","page_number":5,"box":{"x":43,"y":410,"width":81,"height":11}},{"id":"3a02d5b4-10af-4066-9cc3-91981f6a8754","block_type":"box","text":"*Independent Non-executive Director","page_number":5,"box":{"x":42,"y":438,"width":275,"height":11}},{"id":"d9699340-829d-4c93-abeb-ab115b0a695d","block_type":"box","text":"Depositary (to 5 July 2026)","page_number":5,"box":{"x":43,"y":463,"width":211,"height":11}},{"id":"390b1fb3-94fc-4b74-9a13-53fb7ce76da5","block_type":"box","text":"NatWest Trustee and Depositary Services Limited","page_number":5,"box":{"x":43,"y":477,"width":368,"height":12}},{"id":"482c7435-8cb0-43df-827d-eafdcb8d67b2","block_type":"box","text":"Trustee & Depositary Services","page_number":5,"box":{"x":42,"y":492,"width":225,"height":11}},{"id":"a8de13b4-ce7d-43bf-94c2-61b8f99382d1","block_type":"box","text":"250 Bishopsgate","page_number":5,"box":{"x":42,"y":506,"width":124,"height":11}},{"id":"3297d22e-abef-4f17-aa2b-8a29968cf847","block_type":"box","text":"London EC2M 4AA","page_number":5,"box":{"x":43,"y":520,"width":143,"height":9}},{"id":"75ecb090-b2c9-4108-bb99-cc3f887b53bb","block_type":"box","text":"(Authorised and regulated by the Financial Conduct","page_number":5,"box":{"x":43,"y":534,"width":416,"height":12}},{"id":"08f23403-93aa-4584-974a-bd2c8da75202","block_type":"box","text":"Authority)","page_number":5,"box":{"x":42,"y":549,"width":71,"height":11}},{"id":"91656229-1df9-4a67-a38d-7e9c8d2201ad","block_type":"box","text":"Depositary (from 6 July 2026)","page_number":5,"box":{"x":43,"y":574,"width":232,"height":11}},{"id":"691da61c-8f44-4b04-b7f7-0b0192e32fb1","block_type":"box","text":"Northern Trust Investor Services Limited","page_number":5,"box":{"x":43,"y":588,"width":297,"height":9}},{"id":"98173415-9ef9-4c7b-9636-bd07592fc671","block_type":"box","text":"50 Bank Street","page_number":5,"box":{"x":43,"y":602,"width":110,"height":9}},{"id":"0207e2f3-b7e1-4872-89fb-364a80527810","block_type":"box","text":"London E14 5NT","page_number":5,"box":{"x":43,"y":617,"width":125,"height":8}},{"id":"25821e11-c572-4dbc-9102-58efba37581a","block_type":"box","text":"(Authorised and regulated by the Financial Conduct","page_number":5,"box":{"x":43,"y":631,"width":416,"height":11}},{"id":"982068e8-2d52-4580-b752-30e023156974","block_type":"box","text":"Authority)","page_number":5,"box":{"x":42,"y":645,"width":71,"height":11}},{"id":"682e010a-6fbe-4c6f-8f49-d049847ac86a","block_type":"box","text":"Investment Manager","page_number":5,"box":{"x":546,"y":132,"width":161,"height":11}},{"id":"b75a48da-d156-4ed2-85d0-bd954b9de3c8","block_type":"box","text":"Sarasin & Partners LLP","page_number":5,"box":{"x":546,"y":146,"width":174,"height":9}},{"id":"002c89c4-4fb0-400f-9575-c5a7705680e3","block_type":"box","text":"50 George Street","page_number":5,"box":{"x":546,"y":160,"width":128,"height":11}},{"id":"f5cfbafb-7ad7-4050-842f-f9cc2aa6de57","block_type":"box","text":"London W1U 7DY","page_number":5,"box":{"x":546,"y":174,"width":134,"height":9}},{"id":"078681db-026e-4191-8cae-2e6c4e001886","block_type":"box","text":"Tel: 020 7038 7000","page_number":5,"box":{"x":545,"y":189,"width":142,"height":8}},{"id":"a1e9bb55-90a8-4f40-9e5f-d475780c2627","block_type":"box","text":"Fax: 020 7038 6851","page_number":5,"box":{"x":546,"y":203,"width":145,"height":9}},{"id":"2cd4bf27-3ef8-4f3c-a924-e5dc35e7d924","block_type":"box","text":"(Authorised and regulated by the","page_number":5,"box":{"x":546,"y":217,"width":247,"height":11}},{"id":"3b999f37-90c5-4454-9664-e0bc1db41f59","block_type":"box","text":"Financial Conduct Authority)","page_number":5,"box":{"x":546,"y":231,"width":208,"height":12}},{"id":"f713fc72-6ce5-4811-a18c-dc5782746305","block_type":"box","text":"Website: www.sarasinandpartners.com","page_number":5,"box":{"x":545,"y":246,"width":289,"height":11}},{"id":"4ef3f873-0cca-4976-ad98-ed4527f43169","block_type":"box","text":"Auditor","page_number":5,"box":{"x":545,"y":271,"width":60,"height":8}},{"id":"b91040b2-ad1a-408b-b066-f417cd10cc4c","block_type":"box","text":"Deloitte LLP","page_number":5,"box":{"x":546,"y":285,"width":90,"height":9}},{"id":"ec4914b7-284c-494c-830b-b550b8f2072e","block_type":"box","text":"110 Queen Street","page_number":5,"box":{"x":547,"y":299,"width":129,"height":9}},{"id":"b665abd5-552c-4465-bd84-789e63614c2e","block_type":"box","text":"Glasgow","page_number":5,"box":{"x":546,"y":313,"width":64,"height":12}},{"id":"ff937d17-4440-43bd-be13-601897e5fb7c","block_type":"box","text":"G1 3BX","page_number":5,"box":{"x":546,"y":328,"width":58,"height":8}},{"id":"17f5b546-4d71-4d81-b189-26aec581ed23","block_type":"box","text":"Registrar/Administrator","page_number":5,"box":{"x":546,"y":353,"width":188,"height":11}},{"id":"c10cb550-6592-43b1-a22e-c2193f003ef2","block_type":"box","text":"Northern Trust Global Services SE UK Branch","page_number":5,"box":{"x":546,"y":367,"width":340,"height":9}},{"id":"5f360133-8e17-47fc-a19b-ee1b1d2a11c5","block_type":"box","text":"50 Bank Street","page_number":5,"box":{"x":546,"y":381,"width":110,"height":9}},{"id":"14e20c11-a1b5-4470-a057-95e49cc1cd64","block_type":"box","text":"Canary Wharf","page_number":5,"box":{"x":546,"y":395,"width":103,"height":12}},{"id":"2dbc0334-5457-40f4-8cb0-7bfb82ad9c38","block_type":"box","text":"London E14 5NT","page_number":5,"box":{"x":546,"y":410,"width":125,"height":8}},{"id":"1d425404-e4a2-440e-9353-02a4e0f2bf28","block_type":"box","text":"Tel: 0333 300 0373","page_number":5,"box":{"x":545,"y":424,"width":142,"height":9}},{"id":"3c233f04-bd52-46d0-997f-ae76ffb9f222","block_type":"box","text":"Fax: 020 7982 3924","page_number":5,"box":{"x":546,"y":438,"width":147,"height":9}},{"id":"e4e0e647-578c-42bb-8433-08128f14c26f","block_type":"box","text":"(Authorised and regulated by the Financial Conduct","page_number":5,"box":{"x":546,"y":452,"width":416,"height":12}},{"id":"83a10f21-4959-41e8-a2f9-450a94592bb2","block_type":"box","text":"Authority)","page_number":5,"box":{"x":545,"y":467,"width":71,"height":11}},{"id":"97730cca-12e1-4da7-b526-67336b37af21","block_type":"box","text":"Representative in Switzerland","page_number":5,"box":{"x":546,"y":492,"width":236,"height":11}},{"id":"8f4d1006-cfbc-4713-b595-51517b276377","block_type":"box","text":"J. Safra Sarasin Investmentfonds AG","page_number":5,"box":{"x":545,"y":506,"width":274,"height":9}},{"id":"879c78cd-75c1-4317-a9ef-424f8824846f","block_type":"box","text":"Wallstrasse 9, CH-4002 Basel","page_number":5,"box":{"x":545,"y":520,"width":222,"height":10}},{"id":"dbe3a4b0-2b76-4406-8b5c-9e66606a8ca5","block_type":"box","text":"Paying Agent in Switzerland","page_number":5,"box":{"x":546,"y":545,"width":222,"height":11}},{"id":"34038120-6cd7-4d70-b811-e7c733fe88ce","block_type":"box","text":"Bank J. Safra Sarasin AG","page_number":5,"box":{"x":546,"y":559,"width":188,"height":9}},{"id":"f959a7f5-9d93-4bd7-8915-88b7ce5f98fe","block_type":"box","text":"Elisabethenstrasse 62, CH-4002 Basel","page_number":5,"box":{"x":546,"y":574,"width":286,"height":10}},{"id":"fa5180cd-3afe-4ed0-b105-28aead76d953","block_type":"box","text":"Place where the relevant documents may be","page_number":5,"box":{"x":546,"y":599,"width":416,"height":11}},{"id":"e4d586c6-f5cb-44c1-9bbc-5846220ec717","block_type":"box","text":"obtained by investors in Switzerland:","page_number":5,"box":{"x":546,"y":613,"width":294,"height":11}},{"id":"5b8792bd-feb8-43a2-9416-970ee8df240e","block_type":"box","text":"the Prospectus, Articles of Association and Key Investor","page_number":5,"box":{"x":545,"y":627,"width":417,"height":11}},{"id":"fae050bb-8709-4d53-b8d4-79333f0c06cc","block_type":"box","text":"Information Document, as well as the latest annual","page_number":5,"box":{"x":546,"y":641,"width":416,"height":11}},{"id":"dfa1cdeb-6628-4225-982b-f107d15578f4","block_type":"box","text":"report and any subsequent half yearly report, may be","page_number":5,"box":{"x":546,"y":655,"width":416,"height":12}},{"id":"bd3e7cad-5d3a-4372-8c06-1e303a42f90f","block_type":"box","text":"obtained free of charge from the representative and the","page_number":5,"box":{"x":545,"y":670,"width":417,"height":11}},{"id":"ca19a53e-c638-48b2-9e1b-40b93b625f60","block_type":"box","text":"paying agent in Switzerland.","page_number":5,"box":{"x":546,"y":684,"width":207,"height":11}},{"id":"6a328473-4aff-4f49-bb30-fced6b1e646d","block_type":"box","text":"5","page_number":6,"box":{"x":496,"y":972,"width":7,"height":8}},{"id":"0e95998b-3820-428b-9e9e-c5e42efccddb","block_type":"box","text":"SARASIN Funds ICVC","page_number":6,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"942dd9ba-f7a2-4107-924a-f166c7d13cf7","block_type":"box","text":"Introduction to Shareholders","page_number":6,"box":{"x":43,"y":79,"width":274,"height":11}},{"id":"1967fd4d-744d-4051-8860-fa7b9d1abe05","block_type":"box","text":"The Company","page_number":6,"box":{"x":42,"y":106,"width":111,"height":11}},{"id":"9183d7e5-79dc-4281-89df-ee061132140e","block_type":"box","text":"The Sarasin Funds ICVC (the “Company”) is an investment","page_number":6,"box":{"x":42,"y":120,"width":450,"height":11}},{"id":"0e93fe27-5637-4c04-8183-7f9665911748","block_type":"box","text":"company with variable capital incorporated under the OEIC","page_number":6,"box":{"x":42,"y":134,"width":450,"height":12}},{"id":"22468070-7ca8-4fe7-9e4c-3789e16444c0","block_type":"box","text":"Regulations. It is a UK UCITS scheme for the purposes","page_number":6,"box":{"x":43,"y":149,"width":449,"height":11}},{"id":"4aaa7255-4d40-4c2c-b203-1708c0042b48","block_type":"box","text":"of COLL and also an umbrella company for the purposes","page_number":6,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"744727b2-cce8-44b8-8eca-920aef7659df","block_type":"box","text":"of the OEIC Regulations. The Company is incorporated in","page_number":6,"box":{"x":42,"y":177,"width":450,"height":11}},{"id":"661723e0-3490-4c2c-8d62-cdf605c5e542","block_type":"box","text":"England and Wales with registered number IC000046 and","page_number":6,"box":{"x":43,"y":191,"width":449,"height":12}},{"id":"7481fadd-1412-45a6-b4b4-4b96ee749092","block_type":"box","text":"its head office is at 50 George Street, London W1U 7DY.","page_number":6,"box":{"x":43,"y":206,"width":449,"height":11}},{"id":"6a7dfb23-4863-477d-a62e-4545885b7f10","block_type":"box","text":"The Company was authorised by an order (number ICVC55","page_number":6,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"9bc859a5-173f-4e12-b30f-eb03be4d0ffa","block_type":"box","text":"and FCA product reference number 190262) made by the","page_number":6,"box":{"x":42,"y":234,"width":450,"height":11}},{"id":"6ee1263b-b4d0-4344-b401-73e22ce2509f","block_type":"box","text":"Financial Services Authority with effect from 22 October 1999.","page_number":6,"box":{"x":43,"y":248,"width":449,"height":12}},{"id":"1e38aa44-0b28-4960-803d-7a6937131984","block_type":"box","text":"The Financial Services Authority has now been superseded","page_number":6,"box":{"x":42,"y":263,"width":450,"height":11}},{"id":"c928e9ee-4776-4f9d-b2f4-df82d3ec8531","block_type":"box","text":"by the FCA and the Prudential Regulation Authority. The","page_number":6,"box":{"x":43,"y":277,"width":449,"height":11}},{"id":"84d9cdc0-c7a1-413f-84fd-1a73268e4ad7","block_type":"box","text":"property of the Company for the period to 5 July 2026 was","page_number":6,"box":{"x":43,"y":291,"width":449,"height":11}},{"id":"2ec9e2c7-22a6-4133-8151-ff5ae9889d39","block_type":"box","text":"entrusted to NatWest Trustee and Depositary Services","page_number":6,"box":{"x":42,"y":305,"width":450,"height":12}},{"id":"e946715d-2b43-4d8d-8117-eec3f6a25297","block_type":"box","text":"Limited and from 6 July 2026 to Northern Trust Investor","page_number":6,"box":{"x":43,"y":320,"width":449,"height":11}},{"id":"c177304c-eb68-44fc-8f0f-2830a7189292","block_type":"box","text":"Services Limited (the “Depositary”).","page_number":6,"box":{"x":43,"y":334,"width":261,"height":11}},{"id":"e8924bda-601a-47a1-8217-d37db3c721ef","block_type":"box","text":"The objective of the Company is to invest the scheme","page_number":6,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"31063a28-6f53-478c-958f-0360287d13a7","block_type":"box","text":"property in transferable securities with the aim of spreading","page_number":6,"box":{"x":43,"y":373,"width":449,"height":11}},{"id":"36a40975-5d8f-4d93-a725-10f94abef1ab","block_type":"box","text":"investment risk and giving its shareholders the benefit of the","page_number":6,"box":{"x":43,"y":387,"width":449,"height":12}},{"id":"5860cc79-7fa3-438c-8682-5b5b9cc46a4d","block_type":"box","text":"results of the management of that property. The shareholders","page_number":6,"box":{"x":43,"y":402,"width":449,"height":11}},{"id":"0e22be31-6be8-42ed-87d1-9be9f8bb5d61","block_type":"box","text":"have no interest in the scheme property and are not liable for","page_number":6,"box":{"x":43,"y":416,"width":449,"height":11}},{"id":"583cda86-e74b-4653-b726-47f4c4d86e67","block_type":"box","text":"the debts of the Company.","page_number":6,"box":{"x":42,"y":430,"width":194,"height":11}},{"id":"ebb6fb4b-5844-4afa-8dbe-90dbcbd1ccf5","block_type":"box","text":"The Company has an umbrella structure, and currently","page_number":6,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"d9d044a5-a0a0-461c-ae9d-d64a82065a7b","block_type":"box","text":"comprises Sarasin Thematic Global Equity and Sarasin","page_number":6,"box":{"x":42,"y":469,"width":450,"height":12}},{"id":"70718ab7-a615-4b3e-a75d-d5c73269f3c2","block_type":"box","text":"Multi Asset – Strategic, both part of the conversion in","page_number":6,"box":{"x":43,"y":484,"width":449,"height":11}},{"id":"4b9bcff4-6a3d-4ecb-887f-fb57545c4d9c","block_type":"box","text":"November 1999, Sarasin Global Equity Real Return and","page_number":6,"box":{"x":43,"y":498,"width":449,"height":11}},{"id":"d68d9ab3-828e-4c3f-979d-ac218a3fdfae","block_type":"box","text":"Sarasin Responsible Strategic Bond which launched in","page_number":6,"box":{"x":43,"y":512,"width":449,"height":11}},{"id":"b2b5a973-e6e8-42f0-b5e2-b2ad5f4fe5c8","block_type":"box","text":"May 2006, Sarasin Food & Agriculture Opportunities which","page_number":6,"box":{"x":43,"y":526,"width":449,"height":12}},{"id":"b5753c6c-1d67-4cc5-9825-71663ecf84c5","block_type":"box","text":"launched in March 2008, Sarasin Responsible Global Equity","page_number":6,"box":{"x":43,"y":541,"width":449,"height":11}},{"id":"e7a27788-cb58-49aa-bb57-c93edd9d6e24","block_type":"box","text":"which launched on 1 June 2011, Sarasin Global Dividend","page_number":6,"box":{"x":42,"y":555,"width":450,"height":10}},{"id":"87e6feb7-e512-4eb1-ab27-50fcade5b5c6","block_type":"box","text":"which launched on 4 December 2013, Sarasin Responsible","page_number":6,"box":{"x":42,"y":569,"width":450,"height":11}},{"id":"036e169e-02ad-4e94-9446-c31a297fb7c9","block_type":"box","text":"Corporate Bond which launched in November 2016, Sarasin","page_number":6,"box":{"x":43,"y":583,"width":449,"height":12}},{"id":"f861275c-a9f6-4a3f-a20f-02d25a5cb1ed","block_type":"box","text":"Responsible Multi Asset which launched on 18 March 2021","page_number":6,"box":{"x":43,"y":598,"width":449,"height":11}},{"id":"2f83e21f-42f0-49a8-abe8-c6aec1742f4a","block_type":"box","text":"and Sarasin Cautious Managed, Sarasin Growth Managed,","page_number":6,"box":{"x":42,"y":612,"width":450,"height":11}},{"id":"a9a1da2a-5063-4bb8-95f4-ea1fcff0314b","block_type":"box","text":"Sarasin Balanced Managed and Sarasin Equity Managed","page_number":6,"box":{"x":43,"y":626,"width":449,"height":11}},{"id":"64af554d-9610-4480-9014-19fbfb2f2359","block_type":"box","text":"which were launched on 29 April 2025. Sarasin Responsible","page_number":6,"box":{"x":42,"y":640,"width":450,"height":12}},{"id":"91bc4f83-a960-4b60-b97b-76931651f3d6","block_type":"box","text":"Multi Asset was formerly called Sarasin Tomorrow’s World","page_number":6,"box":{"x":43,"y":655,"width":449,"height":11}},{"id":"ab10b76e-672c-45db-9154-c18807ed303e","block_type":"box","text":"Multi Asset and renamed on 8 October 2025. The Company","page_number":6,"box":{"x":43,"y":669,"width":449,"height":11}},{"id":"d640b516-d484-47bd-b0fb-e2b847772916","block_type":"box","text":"is a UCITS Scheme as defined by the FCA’s Collective","page_number":6,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"a9d3fd57-d4f4-4ccf-a82f-d5608a6af769","block_type":"box","text":"Investment Schemes Sourcebook (COLL).","page_number":6,"box":{"x":43,"y":697,"width":313,"height":12}},{"id":"91c1e972-d521-4bde-bc42-dcf42d853568","block_type":"box","text":"Sarasin Funds ICVC is a “Protected Cell Company” meaning","page_number":6,"box":{"x":43,"y":722,"width":443,"height":12}},{"id":"cd5eeaa0-4d80-4edc-a19f-23ad7bd456cd","block_type":"box","text":"the sub-funds are segregated portfolios of assets, and,","page_number":6,"box":{"x":42,"y":737,"width":444,"height":11}},{"id":"bb3f8aed-104d-4019-82ae-5ed69f60f4d3","block_type":"box","text":"accordingly, the assets of a sub-fund belong exclusively to","page_number":6,"box":{"x":42,"y":751,"width":445,"height":11}},{"id":"51afe49e-62c6-401c-a6ad-7f71c95320c7","block_type":"box","text":"that sub-fund, and shall not be used to discharge directly or","page_number":6,"box":{"x":42,"y":765,"width":446,"height":11}},{"id":"6151596b-078c-46d2-83be-e1e7206d7852","block_type":"box","text":"indirectly the liabilities of, or claims against, any other person","page_number":6,"box":{"x":43,"y":779,"width":443,"height":12}},{"id":"827082ea-0033-4ee6-96a7-491a8777546f","block_type":"box","text":"or body, including the ICVC or any other sub-fund, and shall","page_number":6,"box":{"x":42,"y":794,"width":444,"height":11}},{"id":"695fd54f-c355-4ccd-85fb-9c2d93aef4c5","block_type":"box","text":"not be available for any such purpose.","page_number":6,"box":{"x":43,"y":808,"width":281,"height":11}},{"id":"8b8e6330-746b-43e4-bc62-a8e380aeab7f","block_type":"box","text":"Sub-fund Cross-Holdings","page_number":6,"box":{"x":42,"y":833,"width":202,"height":11}},{"id":"12d73a40-8391-4d5c-8558-51a03bfcece6","block_type":"box","text":"There are sub","page_number":6,"box":{"x":42,"y":847,"width":106,"height":9}},{"id":"2198c882-38da-48e5-b245-a38b8d10a9f6","block_type":"box","text":"‑","page_number":6,"box":{"x":149,"y":852,"width":4,"height":1}},{"id":"40826cf1-55ec-4c08-9edd-e94ee6b71ef6","block_type":"box","text":"fund cross","page_number":6,"box":{"x":154,"y":847,"width":78,"height":9}},{"id":"5dbbaa4a-30c7-4eb0-a1e7-83c53939cc57","block_type":"box","text":"‑","page_number":6,"box":{"x":233,"y":852,"width":4,"height":1}},{"id":"3f91b46c-7671-4ae5-844d-70777b9908f2","block_type":"box","text":"holdings during the period, which","page_number":6,"box":{"x":239,"y":847,"width":253,"height":11}},{"id":"1714729c-2644-4afc-959d-1036014c474f","block_type":"box","text":"are recognised and disclosed within the Related Party","page_number":6,"box":{"x":42,"y":862,"width":450,"height":11}},{"id":"8dad05f2-6f9e-4fd4-9a36-d361172f44c3","block_type":"box","text":"Transactions note for certain sub","page_number":6,"box":{"x":42,"y":876,"width":255,"height":9}},{"id":"a71e4f25-8525-4daf-9222-58323c7b9462","block_type":"box","text":"‑","page_number":6,"box":{"x":298,"y":881,"width":5,"height":1}},{"id":"e0457d9c-7775-4e71-8dc4-f19ba632e609","block_type":"box","text":"funds, including Sarasin","page_number":6,"box":{"x":303,"y":876,"width":189,"height":11}},{"id":"da7a4b7f-83ca-46bd-b844-36fa147d2b72","block_type":"box","text":"Balanced Managed, Sarasin Cautious Managed and Sarasin","page_number":6,"box":{"x":43,"y":890,"width":449,"height":11}},{"id":"21d6a5d2-4566-4fab-92b7-5ada55bc32e7","block_type":"box","text":"Growth Managed.","page_number":6,"box":{"x":43,"y":904,"width":131,"height":11}},{"id":"b2f5f351-f826-48f8-b4d9-90c17072dec4","block_type":"box","text":"The Financial Statements","page_number":6,"box":{"x":512,"y":79,"width":201,"height":9}},{"id":"b155ecd4-f847-46b6-a3fc-aee2d8ecab84","block_type":"box","text":"We are pleased to present the","page_number":6,"box":{"x":512,"y":93,"width":226,"height":11}},{"id":"a6a63dcb-cb27-493c-8cbe-c021b2fc2dde","block_type":"box","text":"interim","page_number":6,"box":{"x":738,"y":94,"width":48,"height":8}},{"id":"cb2cd6ac-f64e-42a8-be67-51f959c0a28f","block_type":"box","text":"financial statements of","page_number":6,"box":{"x":787,"y":93,"width":175,"height":9}},{"id":"8a3c50d6-f053-4a20-bf7a-3212ad939b42","block_type":"box","text":"the Company for the","page_number":6,"box":{"x":512,"y":108,"width":156,"height":11}},{"id":"f1ef3836-93d3-49d6-9799-f10791a1d33c","block_type":"box","text":"period","page_number":6,"box":{"x":670,"y":108,"width":44,"height":11}},{"id":"cc2945da-6271-4c01-a696-ca92e38bc676","block_type":"box","text":"ended","page_number":6,"box":{"x":715,"y":108,"width":56,"height":9}},{"id":"08c88fff-db77-4d0a-b98d-1828de724aa8","block_type":"box","text":"3 July 2026","page_number":6,"box":{"x":772,"y":108,"width":84,"height":11}},{"id":"2e139ca5-af1b-47a2-b259-1ef4a832b4e4","block_type":"box","text":".","page_number":6,"box":{"x":859,"y":115,"width":1,"height":1}},{"id":"0594536d-1e92-4a92-8264-bd06d5569fc9","block_type":"box","text":"Remuneration Disclosure","page_number":6,"box":{"x":512,"y":127,"width":2,"height":0}},{"id":"59f0cb6c-fbff-4b68-b424-a4c8da00345f","block_type":"box","text":"Remuneration Disclosure","page_number":6,"box":{"x":513,"y":134,"width":242,"height":10}},{"id":"049a149b-0aa1-476c-9328-09e50a58fc86","block_type":"box","text":"The provisions of the UCITS Remuneration Code took effect","page_number":6,"box":{"x":512,"y":160,"width":450,"height":12}},{"id":"dfdb287b-f021-40e2-a497-9f4acda30ca2","block_type":"box","text":"in full on 18 March 2016. That legislation requires the fund","page_number":6,"box":{"x":513,"y":175,"width":449,"height":11}},{"id":"87454d40-7461-4105-abdf-92993bcd98c1","block_type":"box","text":"manager, Sarasin Investment Funds Limited (the “ACD”), to","page_number":6,"box":{"x":513,"y":189,"width":449,"height":11}},{"id":"a5850504-f6cc-4b3d-896e-966a43b86cec","block_type":"box","text":"establish and apply remuneration policies and practices that","page_number":6,"box":{"x":512,"y":203,"width":450,"height":12}},{"id":"442b4b98-3ee6-4458-83b9-940c0f3d3e12","block_type":"box","text":"are consistent with, and promote, sound and effective risk","page_number":6,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"9f933ef2-a68c-4e99-91d3-e7e5ee54a888","block_type":"box","text":"management and that neither encourage risk taking which is","page_number":6,"box":{"x":513,"y":232,"width":449,"height":11}},{"id":"ddf7f8b8-7203-43fe-8bb4-761b0caab00c","block_type":"box","text":"inconsistent with the risk profiles, prospectuses, trust deeds","page_number":6,"box":{"x":513,"y":246,"width":449,"height":11}},{"id":"2ecab853-67a0-40da-8cb5-267453f55b6e","block_type":"box","text":"and deeds of constitution of the UCITS funds to which it has","page_number":6,"box":{"x":512,"y":260,"width":450,"height":9}},{"id":"90eb3654-d062-4d8c-84c0-f817115a8aeb","block_type":"box","text":"been appointed (the “Company”) nor impair compliance with","page_number":6,"box":{"x":513,"y":275,"width":449,"height":11}},{"id":"5323caed-3c3f-400b-9427-138b89834088","block_type":"box","text":"the ACD’s duty to act in the best interests of the Company.","page_number":6,"box":{"x":512,"y":289,"width":432,"height":11}},{"id":"04de3f4d-f63a-4004-a83c-2dbf4b5f7b1b","block_type":"box","text":"As the nature and range of the ACD’s activities, its internal","page_number":6,"box":{"x":512,"y":314,"width":450,"height":11}},{"id":"c0704504-82fa-484a-bd48-12288e361b5b","block_type":"box","text":"organisation and operations are, in the Directors’ opinion,","page_number":6,"box":{"x":512,"y":328,"width":450,"height":11}},{"id":"e41efde0-a3a8-46ee-8dd8-568eafb8490d","block_type":"box","text":"limited in their nature, scale and complexity, that is, to the","page_number":6,"box":{"x":513,"y":342,"width":449,"height":12}},{"id":"f6347ffb-2f3a-4420-99f0-be465b928668","block_type":"box","text":"business of a management company engaging in collective","page_number":6,"box":{"x":513,"y":357,"width":449,"height":11}},{"id":"0499da5c-4b30-4b3a-b395-a9f1cc437e4d","block_type":"box","text":"portfolio management of investments of capital raised from","page_number":6,"box":{"x":513,"y":371,"width":449,"height":11}},{"id":"04faf19c-9053-4087-ae2f-9e4e680accab","block_type":"box","text":"the public, this is reflected in the manner in which the ACD","page_number":6,"box":{"x":512,"y":385,"width":450,"height":11}},{"id":"16549198-3f21-4f85-a8c6-0bc1a96357f5","block_type":"box","text":"has addressed certain requirements regarding remuneration","page_number":6,"box":{"x":513,"y":399,"width":449,"height":12}},{"id":"392226c1-bff6-4301-bad7-a2bd6aa71f1e","block_type":"box","text":"imposed upon it by the regulations.","page_number":6,"box":{"x":513,"y":414,"width":258,"height":11}},{"id":"e4e94856-f4ea-4a58-8535-c6bcfe0ab61a","block_type":"box","text":"The board of directors of the ACD (the “Board”) customarily","page_number":6,"box":{"x":512,"y":439,"width":450,"height":11}},{"id":"3a3d7199-7e2d-4bb7-94f2-7accf6bc113c","block_type":"box","text":"consists of four directors (each a Director). The ACD has no","page_number":6,"box":{"x":512,"y":453,"width":450,"height":11}},{"id":"f60462e6-75aa-474f-b6f9-3c27d635887b","block_type":"box","text":"additional employees.","page_number":6,"box":{"x":512,"y":467,"width":161,"height":11}},{"id":"348673c2-706d-4fd1-a44e-715cd758bfee","block_type":"box","text":"The ACD has delegated the performance of the investment","page_number":6,"box":{"x":512,"y":492,"width":450,"height":11}},{"id":"81bf412c-5e00-4ab8-b863-e25723d605c5","block_type":"box","text":"and re-investment of the assets of the Company to Sarasin","page_number":6,"box":{"x":512,"y":506,"width":450,"height":12}},{"id":"3c4cc41c-e5f4-417f-a683-19f8a98565de","block_type":"box","text":"& Partners LLP (the “Investment Manager”).","page_number":6,"box":{"x":512,"y":520,"width":325,"height":12}},{"id":"7181ca10-4778-45b7-a869-b00f74cf30fb","block_type":"box","text":"As noted below, the ACD relies on the remuneration","page_number":6,"box":{"x":512,"y":545,"width":450,"height":11}},{"id":"d8a0ed2a-ced7-4fb4-8bfd-6585e4e720ad","block_type":"box","text":"policies and procedures of each delegate to ensure that","page_number":6,"box":{"x":513,"y":560,"width":449,"height":11}},{"id":"a03a5b28-d577-45ce-a307-0599067271b1","block_type":"box","text":"their remuneration structures promote a culture of investor","page_number":6,"box":{"x":512,"y":574,"width":450,"height":11}},{"id":"6d631bbc-35a9-4527-abe3-5f9a120ef577","block_type":"box","text":"protection and mitigate conflicts of interest.","page_number":6,"box":{"x":513,"y":588,"width":315,"height":11}},{"id":"427039b4-3fee-4411-8bfa-60646b15f424","block_type":"box","text":"The regulations provide that the remuneration policies and","page_number":6,"box":{"x":512,"y":613,"width":450,"height":11}},{"id":"650d11ec-a947-42d2-b5e1-7015b305d335","block_type":"box","text":"practices shall apply to those categories of staff, including","page_number":6,"box":{"x":513,"y":627,"width":449,"height":12}},{"id":"972564b8-e8f1-4115-94b1-11260a501494","block_type":"box","text":"senior management, risk takers, control functions and any","page_number":6,"box":{"x":512,"y":642,"width":450,"height":11}},{"id":"5d78850c-f9c2-4360-8d13-1c8ad0a7fcb4","block_type":"box","text":"employee receiving total remuneration that falls within the","page_number":6,"box":{"x":512,"y":656,"width":450,"height":11}},{"id":"f9c6337b-dcb5-468a-8689-b080cfba72ce","block_type":"box","text":"remuneration bracket of senior management and risk takers","page_number":6,"box":{"x":513,"y":670,"width":449,"height":11}},{"id":"fb624b59-e6da-4ae1-b037-876581bb93e8","block_type":"box","text":"whose professional activities have a material impact on the","page_number":6,"box":{"x":512,"y":684,"width":450,"height":12}},{"id":"ebbf36c2-68fe-4f08-be74-697d30714ca5","block_type":"box","text":"risk profiles of the Company.","page_number":6,"box":{"x":513,"y":699,"width":209,"height":11}},{"id":"b5dceeae-55a7-4d77-8b7b-5c03095ae335","block_type":"box","text":"It should be noted that the ACD has appointed the Board and","page_number":6,"box":{"x":513,"y":724,"width":443,"height":11}},{"id":"45695718-5379-4217-a3ad-cab2f09e2fe3","block_type":"box","text":"has no additional employees. The ACD has also appointed","page_number":6,"box":{"x":513,"y":738,"width":443,"height":11}},{"id":"afdcc80a-4576-451d-b2eb-72e516ff7d4c","block_type":"box","text":"the Investment Manager under an investment management","page_number":6,"box":{"x":512,"y":752,"width":445,"height":11}},{"id":"0f334a7c-cac7-495e-8bf9-e32872f9837c","block_type":"box","text":"agreement, which sets out the commercial terms under","page_number":6,"box":{"x":512,"y":767,"width":445,"height":11}},{"id":"9ed6aff9-8202-42b5-a946-8d9726ab248d","block_type":"box","text":"which the Investment Manager is appointed. Given that the","page_number":6,"box":{"x":512,"y":781,"width":444,"height":11}},{"id":"b2f879f6-2ba4-440e-92f9-960405e76bba","block_type":"box","text":"ACD does not directly remunerate any individuals engaged","page_number":6,"box":{"x":512,"y":795,"width":444,"height":11}},{"id":"7174fa1d-800c-42b8-a00c-469ed290d586","block_type":"box","text":"in the performance of the investment management activity,","page_number":6,"box":{"x":513,"y":809,"width":443,"height":11}},{"id":"0520a1e5-0674-4a4e-9a02-7f8ba7fa11ad","block_type":"box","text":"and staff of the Investment Manager are not remunerated","page_number":6,"box":{"x":512,"y":823,"width":444,"height":12}},{"id":"3cb104cf-8ded-4231-8dfe-86432359ba3d","block_type":"box","text":"solely for their work in relation to services provided to the","page_number":6,"box":{"x":512,"y":838,"width":444,"height":11}},{"id":"cdecd74f-e2f9-4a4d-91cc-07801e54716a","block_type":"box","text":"ACD, it is not possible to separately identify remuneration","page_number":6,"box":{"x":512,"y":852,"width":450,"height":11}},{"id":"85bfbd94-916d-48e7-8ed4-65870e734934","block_type":"box","text":"related to service provision specific to the ACD, and any","page_number":6,"box":{"x":513,"y":866,"width":449,"height":11}},{"id":"5b0cc17d-76d9-488d-af99-b88cb5d9ac74","block_type":"box","text":"allocation approach is considered, by the Board, not to","page_number":6,"box":{"x":512,"y":881,"width":450,"height":11}},{"id":"a63974d3-d375-421f-bb3c-b710e24285ce","block_type":"box","text":"provide meaningful disclosure.","page_number":6,"box":{"x":513,"y":895,"width":224,"height":11}},{"id":"6a4a5d9e-a2e6-469d-b6e7-31780a2c1657","block_type":"box","text":"6","page_number":7,"box":{"x":495,"y":972,"width":8,"height":8}},{"id":"5f15b93a-c2ef-4a84-957a-0f5374959587","block_type":"box","text":"7","page_number":7,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"071ca3c4-a658-461f-97b5-ef0da6853c8c","block_type":"box","text":"SARASIN Funds ICVC","page_number":7,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"7d88fef3-13c5-494b-807e-6ecadca3c72a","block_type":"box","text":"The Directors are therefore considered to be those that","page_number":7,"box":{"x":42,"y":106,"width":450,"height":9}},{"id":"5b7144ff-505c-4989-a3d1-2ab130de7361","block_type":"box","text":"have a material impact on the risk profile of the Company.","page_number":7,"box":{"x":43,"y":120,"width":449,"height":11}},{"id":"4c600bd1-de55-4328-96e6-eb9e83123508","block_type":"box","text":"Accordingly, the remuneration provisions of the regulations","page_number":7,"box":{"x":42,"y":134,"width":450,"height":12}},{"id":"896149a5-c520-4097-aa2b-db552f194a6c","block_type":"box","text":"only affect the ACD with regard to the Board. Each Director is","page_number":7,"box":{"x":42,"y":149,"width":450,"height":11}},{"id":"fc2c2371-26fe-4323-8e7e-f34c7225f066","block_type":"box","text":"entitled to be paid a fixed director’s fee based on an expected","page_number":7,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"4ba5a876-3375-4d58-a246-096b3d1baf18","block_type":"box","text":"number of meetings and the work required to oversee the","page_number":7,"box":{"x":43,"y":177,"width":449,"height":11}},{"id":"21f5b9bb-0337-43b3-9c7d-9170ad392954","block_type":"box","text":"operations of the ACD, which is considered to be consistent","page_number":7,"box":{"x":42,"y":191,"width":450,"height":11}},{"id":"47b0750d-e7ef-4f52-8a0a-3c0924011510","block_type":"box","text":"with the powers, tasks, expertise and responsibility of the","page_number":7,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"897ed4d9-72e1-4b6a-8072-df9b05cfc49c","block_type":"box","text":"Directors. The fee payable to each Director is reviewed from","page_number":7,"box":{"x":43,"y":220,"width":449,"height":11}},{"id":"13cd61ab-587e-44c7-9e96-53f64752f7f3","block_type":"box","text":"time to time, based on the evolution of the ACD’s activities.","page_number":7,"box":{"x":42,"y":234,"width":435,"height":11}},{"id":"67f7cbcb-586b-46cd-a0ba-af720b0135b8","block_type":"box","text":"The Directors do not receive performance based variable","page_number":7,"box":{"x":42,"y":259,"width":450,"height":11}},{"id":"20a74e98-6d97-4a2a-b410-74b13e2d643c","block_type":"box","text":"remuneration, therefore avoiding any potential conflicts","page_number":7,"box":{"x":43,"y":273,"width":449,"height":12}},{"id":"228ec453-e5fc-4cb4-84c4-e34e43c41210","block_type":"box","text":"of interest. In addition, two of the serving Directors have","page_number":7,"box":{"x":42,"y":288,"width":450,"height":11}},{"id":"997afe0c-b501-4190-b39d-a5709cbf42ca","block_type":"box","text":"waived the fees to which they would otherwise be entitled.","page_number":7,"box":{"x":42,"y":302,"width":450,"height":11}},{"id":"1418b073-4a2c-44e9-8390-868dc6c177a0","block_type":"box","text":"No amounts were paid directly by the Company.","page_number":7,"box":{"x":43,"y":316,"width":360,"height":11}},{"id":"4bbf536f-a557-430b-8981-4c13828cdc9e","block_type":"box","text":"The total fixed and variable remuneration of the Directors of","page_number":7,"box":{"x":42,"y":341,"width":450,"height":9}},{"id":"a37a199f-e719-44dd-b15b-3a8ebe03057f","block_type":"box","text":"the Board considered to comprise the entire staff of the ACD","page_number":7,"box":{"x":42,"y":355,"width":450,"height":11}},{"id":"1195799d-f23c-42f9-a3ed-b9233194fe64","block_type":"box","text":"for the financial year ending","page_number":7,"box":{"x":42,"y":370,"width":212,"height":11}},{"id":"84048012-98ed-45fb-b1af-d70c26d56c4f","block_type":"box","text":"3","page_number":7,"box":{"x":255,"y":370,"width":8,"height":8}},{"id":"6cdaf4fb-397c-4d5b-9e5f-e880bc12fe5d","block_type":"box","text":"1","page_number":7,"box":{"x":266,"y":370,"width":4,"height":8}},{"id":"ca12d583-4d95-4c72-86e5-330b67faa898","block_type":"box","text":"December","page_number":7,"box":{"x":279,"y":370,"width":77,"height":8}},{"id":"d11752b5-67ba-4191-a111-fdbffbda8564","block_type":"box","text":"r 202","page_number":7,"box":{"x":356,"y":370,"width":32,"height":8}},{"id":"47ed54af-a4d1-496c-b3a5-76488dbdb9ea","block_type":"box","text":"5","page_number":7,"box":{"x":389,"y":370,"width":8,"height":8}},{"id":"f0d3095e-588c-4c39-a375-4090c6ae8ae7","block_type":"box","text":"is analysed","page_number":7,"box":{"x":398,"y":370,"width":94,"height":11}},{"id":"bfcefdf7-d51d-4d02-bcc7-4fe2f25f6964","block_type":"box","text":"below:","page_number":7,"box":{"x":43,"y":384,"width":46,"height":9}},{"id":"40a078a7-786c-4880-811b-1c3afa48bd64","block_type":"box","text":"Fixed Remuneration","page_number":7,"box":{"x":43,"y":408,"width":149,"height":9}},{"id":"3385e612-7b77-4f7b-9f36-b8e5adc3da03","block_type":"box","text":"£80,600","page_number":7,"box":{"x":426,"y":408,"width":60,"height":10}},{"id":"73e2a720-a1b9-4922-94e6-da8a92de5a73","block_type":"box","text":"Variable Remuneration","page_number":7,"box":{"x":42,"y":421,"width":169,"height":9}},{"id":"81bc4b4d-f2f6-4e23-a12b-6bf9c6c6204c","block_type":"box","text":"-","page_number":7,"box":{"x":482,"y":426,"width":4,"height":1}},{"id":"bfffbca4-b939-4bf7-84bf-1784f477003a","block_type":"box","text":"Total","page_number":7,"box":{"x":42,"y":434,"width":38,"height":9}},{"id":"8b969898-78cc-46dc-bcd6-94020496184d","block_type":"box","text":"£80,600","page_number":7,"box":{"x":426,"y":434,"width":60,"height":10}},{"id":"6b057cf7-5e44-442b-987c-cc894ab8bb40","block_type":"box","text":"Given the internal organisation of the ACD, and considering","page_number":7,"box":{"x":43,"y":471,"width":449,"height":11}},{"id":"b2001be9-e845-4888-9dfa-279bede98b60","block_type":"box","text":"its size with the limited nature, scope and complexity of its","page_number":7,"box":{"x":43,"y":485,"width":449,"height":12}},{"id":"941fec0f-6610-497f-ba4c-3c75e4669111","block_type":"box","text":"activities, it is not considered proportionate for the ACD to","page_number":7,"box":{"x":42,"y":500,"width":450,"height":11}},{"id":"5cdfa20e-27b8-4774-9c61-fe2ca3b624d7","block_type":"box","text":"set up a remuneration committee. The Board notes that the","page_number":7,"box":{"x":42,"y":514,"width":450,"height":11}},{"id":"af4084d0-9610-47a6-8796-7b50efc0be9c","block_type":"box","text":"net assets of the Company and the legal structure of the","page_number":7,"box":{"x":43,"y":528,"width":449,"height":11}},{"id":"586261f3-05f5-44ad-bed4-6f44bc60c65f","block_type":"box","text":"ACD as a management company with a Board of Directors","page_number":7,"box":{"x":42,"y":542,"width":450,"height":12}},{"id":"688eea30-c655-4756-bcf3-fa8de55a1a29","block_type":"box","text":"and no other employees are factors supporting the view","page_number":7,"box":{"x":42,"y":557,"width":450,"height":11}},{"id":"b2416668-ddd8-40e4-9f49-7d0072a307d7","block_type":"box","text":"that a remuneration committee would not be considered","page_number":7,"box":{"x":42,"y":571,"width":450,"height":9}},{"id":"d58d7305-cb43-4607-a1b4-9834855fe735","block_type":"box","text":"appropriate for the ACD.","page_number":7,"box":{"x":42,"y":585,"width":179,"height":11}},{"id":"c21d8471-a8f9-4efc-9e9d-24e0db7f754a","block_type":"box","text":"The Board receives confirmation from the Investment","page_number":7,"box":{"x":42,"y":610,"width":450,"height":9}},{"id":"a5448e73-335f-4300-850a-b878713ff160","block_type":"box","text":"Manager on an annual basis that there has been no material","page_number":7,"box":{"x":43,"y":625,"width":449,"height":11}},{"id":"414c1c4b-1f9c-4de8-afd5-ef3dab13f5f8","block_type":"box","text":"change to its remuneration policy, or if there has been a","page_number":7,"box":{"x":42,"y":639,"width":450,"height":11}},{"id":"ea0238ae-0a4a-43ca-80b3-c9fc69472a4a","block_type":"box","text":"material change, receives details of those changes to the","page_number":7,"box":{"x":43,"y":653,"width":449,"height":11}},{"id":"f5bdcc54-b460-4507-b3e7-46e7bd80fd9a","block_type":"box","text":"Board.","page_number":7,"box":{"x":43,"y":667,"width":47,"height":9}},{"id":"8a21d4de-cc5e-43c2-a583-f69cf4115346","block_type":"box","text":"The Remuneration Policies of Sarasin Investment Funds","page_number":7,"box":{"x":42,"y":692,"width":445,"height":9}},{"id":"a3258fe9-5dce-4d67-8582-172204ffa55a","block_type":"box","text":"Limited and Sarasin & Partners LLP are available at","page_number":7,"box":{"x":43,"y":706,"width":444,"height":9}},{"id":"b100d2e3-886f-40c2-9059-b95da9d77245","block_type":"box","text":"www.sarasinandpartners.com/important-information.","page_number":7,"box":{"x":42,"y":721,"width":387,"height":11}},{"id":"31cc7ba2-7ffd-4b57-93d5-2bcbba1cffe1","block_type":"box","text":"Market Review","page_number":7,"box":{"x":513,"y":79,"width":139,"height":11}},{"id":"b8a94d43-1345-4b3b-9a09-43f413ffcfdc","block_type":"box","text":"Market Review","page_number":7,"box":{"x":512,"y":100,"width":1,"height":0}},{"id":"d4457182-fd97-43ac-afc1-6ccc3db9b8c2","block_type":"box","text":"World Economy","page_number":7,"box":{"x":512,"y":106,"width":127,"height":11}},{"id":"1d5dfe0c-ac74-4e92-b427-0e3d5d7e179d","block_type":"box","text":"Global fragmentation continued to reshape trade and finance","page_number":7,"box":{"x":512,"y":120,"width":450,"height":11}},{"id":"812f0606-02fa-4762-8e13-bd5e96d7089b","block_type":"box","text":"in the first half of 2026, with economies increasingly prioritising","page_number":7,"box":{"x":513,"y":134,"width":449,"height":12}},{"id":"2f828e19-c138-4648-9640-4333836e0117","block_type":"box","text":"security and supply chains over efficiency. This shift looks","page_number":7,"box":{"x":512,"y":149,"width":450,"height":11}},{"id":"59459506-e984-4ad0-a2ee-0ea0af697c3e","block_type":"box","text":"set to persist and will offset some of the productivity gains","page_number":7,"box":{"x":512,"y":163,"width":450,"height":11}},{"id":"12d2ca27-2ec6-4662-847e-97c90dc3ba59","block_type":"box","text":"from Artificial Intelligence (AI) over time.","page_number":7,"box":{"x":512,"y":177,"width":294,"height":11}},{"id":"a059a420-2c8d-48a2-b8cc-35b8b6b1f1d6","block_type":"box","text":"One consequence of this reordering is that the world","page_number":7,"box":{"x":512,"y":202,"width":450,"height":11}},{"id":"17eaad22-4ef9-4442-a1b7-ab01c7b57295","block_type":"box","text":"economy is now more prone to supply shocks than demand","page_number":7,"box":{"x":512,"y":217,"width":450,"height":11}},{"id":"a9ca593f-120a-4c36-a389-266d0d455352","block_type":"box","text":"shocks. The Iran war's disruption to energy supplies sits","page_number":7,"box":{"x":512,"y":231,"width":450,"height":11}},{"id":"e0327f81-e473-4e57-9424-e7526f16a9c1","block_type":"box","text":"within that broader pattern. It has pushed up inflation and","page_number":7,"box":{"x":512,"y":245,"width":450,"height":11}},{"id":"b12be00d-7ff7-41fb-a261-47bdb3e8ffb3","block_type":"box","text":"slowed growth over the period, most visibly in survey data,","page_number":7,"box":{"x":512,"y":259,"width":450,"height":11}},{"id":"00281e4d-0500-49cb-8f65-6b7a6b1debdc","block_type":"box","text":"reversing the tailwind provided by falling energy prices over","page_number":7,"box":{"x":513,"y":273,"width":449,"height":12}},{"id":"d7f1eb95-1e3f-4a6b-8759-d4ef048a835a","block_type":"box","text":"the past two years.","page_number":7,"box":{"x":512,"y":288,"width":139,"height":11}},{"id":"4cdf7fdd-94bc-4581-a8f6-4b63639134a5","block_type":"box","text":"Central banks have so far responded only modestly, though","page_number":7,"box":{"x":512,"y":313,"width":450,"height":11}},{"id":"4f1e6389-abf2-4ced-bd27-013f2ba057d1","block_type":"box","text":"that depends on the disruption not getting worse, and on","page_number":7,"box":{"x":512,"y":327,"width":450,"height":11}},{"id":"910558cc-cfae-4b71-b8a5-8e9abbc204cd","block_type":"box","text":"governments not repeating the heavy spending response","page_number":7,"box":{"x":512,"y":341,"width":450,"height":11}},{"id":"5e5e998c-0eb0-48dc-8e79-b75697d75929","block_type":"box","text":"seen in 2022.","page_number":7,"box":{"x":512,"y":356,"width":99,"height":8}},{"id":"b3d5f75a-9bd1-4913-a85c-067b1c850f21","block_type":"box","text":"That modest response also fits a bigger shift: governments","page_number":7,"box":{"x":512,"y":380,"width":450,"height":12}},{"id":"84bbf094-d206-4f37-b70f-9422c14675b7","block_type":"box","text":"now seem to need higher nominal growth and inflation to","page_number":7,"box":{"x":513,"y":395,"width":449,"height":11}},{"id":"23e58aea-7f89-41fa-a4b7-7830077689fe","block_type":"box","text":"service their debts. Governments are facing rising debt","page_number":7,"box":{"x":512,"y":409,"width":450,"height":11}},{"id":"dad819ef-f32d-4d51-b823-c190b0e93f5f","block_type":"box","text":"costs, defence spending, climate spending and the costs of","page_number":7,"box":{"x":512,"y":423,"width":450,"height":11}},{"id":"3cd7e2de-2044-4b2c-9968-87d21fe6d0ca","block_type":"box","text":"an ageing population. Interest rates are higher than before,","page_number":7,"box":{"x":512,"y":437,"width":450,"height":12}},{"id":"66bd898e-8165-4c73-ae3a-894132e5b2b2","block_type":"box","text":"but once inflation is taken into account, real interest rates","page_number":7,"box":{"x":513,"y":452,"width":449,"height":10}},{"id":"20bc6214-f661-4f51-8617-d8eb1c984a8d","block_type":"box","text":"remain fairly modest. Government bond yields are still","page_number":7,"box":{"x":513,"y":466,"width":449,"height":11}},{"id":"d1f70210-4566-4459-8ae6-61ab0f0b9427","block_type":"box","text":"below the pace of nominal GDP growth in most economies,","page_number":7,"box":{"x":513,"y":480,"width":449,"height":11}},{"id":"3d166970-6d35-4260-9a65-c5275dfda035","block_type":"box","text":"meaning debt is quietly being eroded rather than paid down.","page_number":7,"box":{"x":513,"y":495,"width":449,"height":11}},{"id":"a8488960-14ec-4ad1-8558-3a7adb8ff135","block_type":"box","text":"That keeps government debt manageable, and looser","page_number":7,"box":{"x":512,"y":509,"width":450,"height":11}},{"id":"8799a148-8d97-4975-be62-7005c6d55a28","block_type":"box","text":"credit conditions are also feeding through to households","page_number":7,"box":{"x":512,"y":523,"width":450,"height":11}},{"id":"eb34d712-d8b9-438e-8424-d925acf6c18e","block_type":"box","text":"and businesses, with credit now picking up again globally.","page_number":7,"box":{"x":512,"y":537,"width":450,"height":11}},{"id":"04a89be4-9bce-47c3-9a27-1fdd27f86abf","block_type":"box","text":"Central banks have gone along with this: quick to cut rates","page_number":7,"box":{"x":512,"y":551,"width":450,"height":12}},{"id":"ae1c2723-2ade-4bc0-ab7d-c95af85f18b4","block_type":"box","text":"when disinflationary shocks hit, but slow to raise them when","page_number":7,"box":{"x":512,"y":566,"width":450,"height":11}},{"id":"edbfb2d7-e3de-4a5d-be05-2d96e9988b33","block_type":"box","text":"inflation picks up. In effect, 2% inflation has become a floor","page_number":7,"box":{"x":513,"y":580,"width":449,"height":11}},{"id":"6b0ab002-0804-4052-a03a-81b3384d34dc","block_type":"box","text":"rather than a ceiling.","page_number":7,"box":{"x":513,"y":594,"width":149,"height":11}},{"id":"cfd04ac8-93c6-4d77-ac8d-29762abfdaee","block_type":"box","text":"AI investment is feeding directly into this stronger growth","page_number":7,"box":{"x":512,"y":619,"width":450,"height":11}},{"id":"63782f3f-a08f-4163-8de7-5c9f5c96b308","block_type":"box","text":"and inflation. People and businesses are spending today","page_number":7,"box":{"x":512,"y":633,"width":450,"height":12}},{"id":"25ca2520-7531-4e1a-b6fe-566aa2f029ff","block_type":"box","text":"in anticipation of the income gains AI will bring. AI-related","page_number":7,"box":{"x":513,"y":648,"width":449,"height":11}},{"id":"e5614165-d490-4660-b1f6-ee22661a95a9","block_type":"box","text":"demand, including through US imports, is helping offset","page_number":7,"box":{"x":512,"y":662,"width":450,"height":11}},{"id":"29d6ccb9-7335-4069-a5ed-f9e0a6da8ce2","block_type":"box","text":"the drag from tariffs elsewhere, especially in Asia. AI's","page_number":7,"box":{"x":512,"y":676,"width":450,"height":11}},{"id":"f026b233-7240-49dd-ab9e-d9680721e32a","block_type":"box","text":"cost-cutting, deflationary effects should still come through","page_number":7,"box":{"x":512,"y":690,"width":444,"height":12}},{"id":"a629f658-d7f2-4262-af6c-39e0483e8c23","block_type":"box","text":"eventually, but that has not shown up in the numbers yet.","page_number":7,"box":{"x":512,"y":705,"width":422,"height":11}},{"id":"ab4283f4-63f9-48c7-8cd4-8df7bd44c7e5","block_type":"box","text":"Beneath these swings, Japan and China continue to move in","page_number":7,"box":{"x":513,"y":730,"width":443,"height":11}},{"id":"53f5852d-c903-47aa-bd6a-09a9cb03ccdc","block_type":"box","text":"opposite directions. Japan is emerging from three decades of","page_number":7,"box":{"x":512,"y":744,"width":446,"height":11}},{"id":"a5fa6d24-590a-4726-b198-4116fec4da0f","block_type":"box","text":"deflation, which is pushing up its borrowing costs and raising","page_number":7,"box":{"x":512,"y":758,"width":444,"height":11}},{"id":"23ac8aa4-450f-42a6-b4c2-0b943a3d02a0","block_type":"box","text":"new questions about how it will manage its debt. China, by","page_number":7,"box":{"x":513,"y":772,"width":444,"height":12}},{"id":"14f1139f-4d00-45fa-abd1-d0ce271fef2a","block_type":"box","text":"contrast, is settling into a prolonged period of falling prices, as","page_number":7,"box":{"x":512,"y":787,"width":445,"height":11}},{"id":"53c5c0ac-9826-44b4-ae7b-c3f4ba5e8ddf","block_type":"box","text":"losses from its property sector and other overbuilt industries","page_number":7,"box":{"x":513,"y":801,"width":444,"height":11}},{"id":"42337600-a4d2-4ae0-ba71-4734687cf127","block_type":"box","text":"are increasingly felt by households, weighing on spending","page_number":7,"box":{"x":512,"y":815,"width":444,"height":11}},{"id":"95c57b88-6ee7-44f5-b296-b59ae21b41d5","block_type":"box","text":"even as continued investment in manufacturing adds to an","page_number":7,"box":{"x":512,"y":830,"width":444,"height":11}},{"id":"6821a639-6e2d-4395-9be1-8ef02441b031","block_type":"box","text":"already large oversupply.","page_number":7,"box":{"x":512,"y":844,"width":185,"height":11}},{"id":"9b022d31-38fd-4e6d-83fb-224235cabc0f","block_type":"box","text":"Remuneration Disclosure (continued)","page_number":7,"box":{"x":43,"y":79,"width":357,"height":14}},{"id":"ac8fa42a-7884-4f16-a1bd-9cba0b850d88","block_type":"box","text":"7","page_number":8,"box":{"x":496,"y":972,"width":7,"height":8}},{"id":"06289978-6924-433d-944e-0267eedf02e6","block_type":"box","text":"SARASIN Funds ICVC","page_number":8,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"8c46217c-612f-4ca1-a1f0-c11498694db5","block_type":"box","text":"Global Equities","page_number":8,"box":{"x":43,"y":106,"width":120,"height":11}},{"id":"273fb708-dfeb-44a5-adc2-fab0182d66c4","block_type":"box","text":"The first half of 2026 was dominated by the ongoing growth","page_number":8,"box":{"x":42,"y":120,"width":450,"height":11}},{"id":"08c1e7e7-9e49-40d6-8cd4-2d92d45cfad8","block_type":"box","text":"of AI and, in particular, the spending on building out AI","page_number":8,"box":{"x":42,"y":134,"width":450,"height":12}},{"id":"52d57487-b168-4241-9b34-84acd137fca9","block_type":"box","text":"infrastructure. This was similar to the second half of 2025, but","page_number":8,"box":{"x":43,"y":149,"width":449,"height":10}},{"id":"8c7f1972-bf67-446e-bba1-9ed1a3fe9550","block_type":"box","text":"with the market focusing on new bottlenecks in the buildout","page_number":8,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"d842491d-e0ce-4f16-926e-ceb5e1035a3d","block_type":"box","text":"process. Most notable was the boom in memory demand","page_number":8,"box":{"x":43,"y":177,"width":449,"height":11}},{"id":"44266fe9-b80e-4a69-9e6d-ad3b330fc3ab","block_type":"box","text":"driven by the increasing amount of memory required per","page_number":8,"box":{"x":42,"y":191,"width":450,"height":12}},{"id":"f26212f7-cab0-4c06-8ca4-05c64ce9465c","block_type":"box","text":"AI processor chip. This drove the price of DRAM (dynamic","page_number":8,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"cef983fe-cdef-4137-9cda-f8687f85a96c","block_type":"box","text":"random access memory) up dramatically, and so helped","page_number":8,"box":{"x":43,"y":220,"width":449,"height":11}},{"id":"4e0aa7ec-2a46-4d83-823d-f76ead686353","block_type":"box","text":"increase the profitability of the memory manufacturers, with","page_number":8,"box":{"x":43,"y":234,"width":449,"height":11}},{"id":"4f0c9f21-a154-4131-a9aa-4361abd51dac","block_type":"box","text":"their share prices rising significantly. Similarly, the price of","page_number":8,"box":{"x":42,"y":248,"width":450,"height":12}},{"id":"b72142fa-27ec-4426-80e6-5030dcfe4ed6","block_type":"box","text":"other stocks in the AI buildout chain rose dramatically, with","page_number":8,"box":{"x":42,"y":263,"width":450,"height":11}},{"id":"d0fd5aec-a7ea-4e0c-b78f-c4a28d793d13","block_type":"box","text":"companies that had hitherto been relatively slow-growing","page_number":8,"box":{"x":42,"y":277,"width":450,"height":11}},{"id":"1437cbc5-01fb-405e-99de-6231761c3a11","block_type":"box","text":"and often considered ‘cash return’ or dividend-type stocks","page_number":8,"box":{"x":42,"y":291,"width":450,"height":11}},{"id":"999670f6-dbc7-4093-b126-0f32d736f2d1","block_type":"box","text":"seeing their share prices rise well over 100%. For example,","page_number":8,"box":{"x":42,"y":305,"width":450,"height":12}},{"id":"8a957732-67ca-44e8-8735-718f33a8a1ec","block_type":"box","text":"the share price of hard disk drive maker Western Digital was","page_number":8,"box":{"x":42,"y":320,"width":450,"height":11}},{"id":"ddcbc285-2dbd-48c3-ae53-da84132a2c14","block_type":"box","text":"up around 250%. Conversely, stocks that might suffer from","page_number":8,"box":{"x":43,"y":334,"width":449,"height":11}},{"id":"51142388-7a0d-4b40-8fcf-db1541b2eb12","block_type":"box","text":"AI continued to sell off, with software companies the worst","page_number":8,"box":{"x":42,"y":348,"width":450,"height":11}},{"id":"6b722907-4c5f-4bb3-a53e-8851274974d6","block_type":"box","text":"among them.","page_number":8,"box":{"x":42,"y":363,"width":96,"height":11}},{"id":"463ffe70-85d4-4dc6-bbae-3acb12915bcc","block_type":"box","text":"Separate from the AI buildout was the commencement by","page_number":8,"box":{"x":43,"y":387,"width":449,"height":12}},{"id":"44a84e5e-a091-4eba-b7fa-e3f3c515e065","block_type":"box","text":"the US of the war with Iran, which initially shut the Strait","page_number":8,"box":{"x":42,"y":402,"width":450,"height":11}},{"id":"8f24e82c-df9b-402f-8edc-898958c1a8de","block_type":"box","text":"of Hormuz and significantly reduced the supply of oil to","page_number":8,"box":{"x":42,"y":416,"width":450,"height":11}},{"id":"4ded37fc-efc9-409a-b7ae-31d4ea23749c","block_type":"box","text":"the world economy. The Brent crude oil price rose from","page_number":8,"box":{"x":42,"y":430,"width":450,"height":11}},{"id":"6b2b485b-8e08-4dfd-bfe9-fc196b373fea","block_type":"box","text":"roughly US $60 per barrel, peaking at over $125 per barrel,","page_number":8,"box":{"x":43,"y":444,"width":449,"height":12}},{"id":"21e66c6d-a8a6-48eb-9824-766bf3cfb8ca","block_type":"box","text":"and the European natural gas price doubled. As the US is","page_number":8,"box":{"x":42,"y":459,"width":450,"height":11}},{"id":"d9966761-0267-4347-b79b-a7e1fba0c1e1","block_type":"box","text":"self-sufficient in natural gas, the American price of the","page_number":8,"box":{"x":42,"y":473,"width":450,"height":11}},{"id":"22b782d0-4861-4726-bc95-22eb417c05b6","block_type":"box","text":"resource did not move. The price of energy in Europe,","page_number":8,"box":{"x":43,"y":487,"width":449,"height":11}},{"id":"e8fde1dc-3f7c-4866-b5ab-66e82b28a613","block_type":"box","text":"however, became elevated again, having separately already","page_number":8,"box":{"x":43,"y":502,"width":449,"height":11}},{"id":"ebb3c362-b5b6-4c61-b79a-c5394a37dafd","block_type":"box","text":"roughly doubled since the war in Ukraine. The price of gasoline","page_number":8,"box":{"x":43,"y":516,"width":449,"height":11}},{"id":"e2c10e54-525c-477d-aa0f-6269c9135607","block_type":"box","text":"in the US did rise significantly (up around 50%) though the","page_number":8,"box":{"x":43,"y":530,"width":449,"height":11}},{"id":"3acc51e5-508a-4ed3-a53e-f3c6d3748f31","block_type":"box","text":"impact on the economy has so far been muted, which is","page_number":8,"box":{"x":43,"y":544,"width":449,"height":11}},{"id":"ddbba81b-f9b1-4450-9d97-dad82db75c72","block_type":"box","text":"somewhat surprising given the size of the move. There is","page_number":8,"box":{"x":42,"y":558,"width":450,"height":12}},{"id":"78ff811a-2041-4406-ba5f-f0450416cdf9","block_type":"box","text":"some evidence that the AI boom is masking weakness in","page_number":8,"box":{"x":42,"y":573,"width":450,"height":11}},{"id":"038ebd9c-8833-432b-ada7-028bc0b1a503","block_type":"box","text":"the rest of the economy, with much of the earnings growth in","page_number":8,"box":{"x":42,"y":587,"width":450,"height":11}},{"id":"70d56f30-2dc3-41de-a203-666a118f85c9","block_type":"box","text":"2026 coming from AI-related companies.","page_number":8,"box":{"x":42,"y":601,"width":300,"height":11}},{"id":"5b61297f-c373-4f28-8c14-ad047dcaed9f","block_type":"box","text":"We have exposure to several themes, but the market","page_number":8,"box":{"x":42,"y":626,"width":450,"height":11}},{"id":"3ec88531-b886-48bd-b6cc-439d7dda4000","block_type":"box","text":"is arguably being driven by just one: AI. While equities in","page_number":8,"box":{"x":43,"y":641,"width":449,"height":11}},{"id":"e2b9b1de-eb32-4f34-926d-c9feb51b94bf","block_type":"box","text":"aggregate have done well, there is some evidence that the","page_number":8,"box":{"x":42,"y":655,"width":450,"height":11}},{"id":"84c8e70a-6c55-459f-900f-cb6fd0ccda64","block_type":"box","text":"market has become overexcited by AI, and certainly so far","page_number":8,"box":{"x":43,"y":669,"width":449,"height":11}},{"id":"37eed623-a753-42c2-9e78-bf8bd6364c65","block_type":"box","text":"in the second half of 2026 there has been some unwinding","page_number":8,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"f11f9513-9ee8-4c94-99a0-cc6db0c66282","block_type":"box","text":"of those outperformers. This could continue as there is","page_number":8,"box":{"x":42,"y":697,"width":445,"height":12}},{"id":"2682bcf7-42d7-4363-bc6f-509f4ae38438","block_type":"box","text":"growing concern over the economics of AI. The market may","page_number":8,"box":{"x":42,"y":712,"width":445,"height":11}},{"id":"781e3d3e-43a8-484b-ac21-039d297fe3d0","block_type":"box","text":"overlook those concerns and bid up the stocks again on","page_number":8,"box":{"x":42,"y":726,"width":444,"height":11}},{"id":"de3d0a34-0708-433a-9ba8-ca23cac126dc","block_type":"box","text":"the assumption of a sustained boom in AI spending and/or","page_number":8,"box":{"x":42,"y":740,"width":446,"height":11}},{"id":"fc816f28-afc6-42c4-afbb-359c8cdf24fc","block_type":"box","text":"potential future growth. Equity trading has become dominated","page_number":8,"box":{"x":43,"y":754,"width":443,"height":12}},{"id":"9f90d9c5-df36-49c1-83b2-1768c78eb365","block_type":"box","text":"by retail traders and systematic trading strategies reinforcing","page_number":8,"box":{"x":43,"y":769,"width":443,"height":11}},{"id":"89554046-e5c5-4273-b545-33dcc73455eb","block_type":"box","text":"the importance of the momentum factor, whereby stocks that","page_number":8,"box":{"x":42,"y":783,"width":445,"height":11}},{"id":"e51bb7c3-5bfb-4176-b537-3ec3db33e431","block_type":"box","text":"have been going up tend to continue rising irrespective of","page_number":8,"box":{"x":43,"y":797,"width":445,"height":12}},{"id":"28675861-cfad-4b46-a7a4-e7da11dfdec3","block_type":"box","text":"fundamentals. This has been a key feature of the market","page_number":8,"box":{"x":42,"y":812,"width":445,"height":11}},{"id":"3ee294e5-db8b-4a59-9c70-c311d64c376b","block_type":"box","text":"over the past 18 months, although ultimately fundamentals","page_number":8,"box":{"x":42,"y":826,"width":445,"height":11}},{"id":"dd0b6e2b-3422-4f23-9859-c7b7d5afb790","block_type":"box","text":"will likely reassert their importance.","page_number":8,"box":{"x":42,"y":840,"width":259,"height":11}},{"id":"b39c8360-d8f8-498f-a800-6a512f9dc584","block_type":"box","text":"Fixed Income","page_number":8,"box":{"x":513,"y":79,"width":105,"height":9}},{"id":"e1c78936-35b7-46ae-af8f-8eeff439208c","block_type":"box","text":"The first half of 2026 was another volatile period for","page_number":8,"box":{"x":512,"y":93,"width":450,"height":11}},{"id":"29fb09aa-6a57-425d-91a8-a98fa81031c2","block_type":"box","text":"fixed income markets. Geopolitical tensions, changing","page_number":8,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"f33fba5a-7aa4-4dcd-83e5-e767b5699f44","block_type":"box","text":"expectations for monetary policy and the continued rapid","page_number":8,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"3988c08c-7db8-4d10-baab-948f58f293b1","block_type":"box","text":"development of AI were the dominant themes. Despite the","page_number":8,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"4d3ed600-703a-4a9a-bae9-4c86b39c3fcd","block_type":"box","text":"challenging backdrop, the ICE BofA Global Fixed Income","page_number":8,"box":{"x":512,"y":150,"width":450,"height":12}},{"id":"102f63e1-2f1e-426c-8fac-b872882c90a9","block_type":"box","text":"Markets Index returned 0.7% (in local currency terms).","page_number":8,"box":{"x":513,"y":165,"width":449,"height":11}},{"id":"b236ad63-6b8e-483d-b8f8-4ff7d34301fe","block_type":"box","text":"Sterling corporate bonds recovered during the second","page_number":8,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"f26da846-965f-485e-90d6-fe6360b8a9d9","block_type":"box","text":"quarter following a weaker start to the period.","page_number":8,"box":{"x":512,"y":193,"width":334,"height":11}},{"id":"b92ad486-14e0-4dba-8854-9e6dc25712cf","block_type":"box","text":"Economic activity remained relatively resilient at the start","page_number":8,"box":{"x":513,"y":218,"width":449,"height":11}},{"id":"8f8ac96e-a7b2-4703-9c5c-7eef96ef85eb","block_type":"box","text":"of the period, particularly in the US, where labour market","page_number":8,"box":{"x":512,"y":232,"width":450,"height":12}},{"id":"4d22291c-dee9-4269-834a-a6ff8600aaa4","block_type":"box","text":"conditions continued to surprise on the upside. Growth in the","page_number":8,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"8aedc271-994c-413c-bf0e-1a307eb69210","block_type":"box","text":"UK and Europe was more subdued but remained positive.","page_number":8,"box":{"x":513,"y":261,"width":449,"height":11}},{"id":"38faf4d9-6f4c-44e7-892b-0b4a0f2c9f97","block_type":"box","text":"However, sentiment deteriorated as the conflict in the Middle","page_number":8,"box":{"x":513,"y":275,"width":449,"height":11}},{"id":"5cb1ac4b-4c8e-4e3a-a6f9-5f200e8542e8","block_type":"box","text":"East escalated, leading to a sharp rise in energy prices","page_number":8,"box":{"x":513,"y":290,"width":449,"height":11}},{"id":"eff1d3f3-f3f0-412b-9ac8-408712362cb9","block_type":"box","text":"and renewed concerns over inflation and global growth.","page_number":8,"box":{"x":512,"y":304,"width":450,"height":11}},{"id":"b24b0ce5-9929-4ea2-b232-a2dd7239d57b","block_type":"box","text":"Brent crude oil recorded its largest quarterly increase since","page_number":8,"box":{"x":513,"y":318,"width":449,"height":11}},{"id":"5615f66a-f524-4b66-a003-8df50b818f88","block_type":"box","text":"the Gulf War in 1990, rising by around 94% to finish the","page_number":8,"box":{"x":512,"y":332,"width":450,"height":11}},{"id":"596e0ada-8e28-476b-be37-4a74d4c66a4d","block_type":"box","text":"quarter at $118.35 per barrel. Against this backdrop, markets","page_number":8,"box":{"x":512,"y":346,"width":450,"height":12}},{"id":"9691cd4d-bf19-4177-8622-d9702810cc40","block_type":"box","text":"repriced the expected path of monetary policy, with investors","page_number":8,"box":{"x":513,"y":361,"width":449,"height":11}},{"id":"d61d544e-f82c-45fc-988d-9dfd0dfd7e8d","block_type":"box","text":"increasingly expecting interest rates to remain higher for","page_number":8,"box":{"x":513,"y":375,"width":449,"height":11}},{"id":"bafb9fb9-9c93-4f1b-82fd-6d4a129f1969","block_type":"box","text":"longer, putting upward pressure on government bond yields.","page_number":8,"box":{"x":513,"y":389,"width":443,"height":11}},{"id":"a1733ff8-1bc3-4c31-9f51-349970a7240f","block_type":"box","text":"The second quarter remained dominated by developments","page_number":8,"box":{"x":512,"y":414,"width":450,"height":11}},{"id":"ec908faf-b19c-4141-a953-c5288846133d","block_type":"box","text":"in the Middle East. Energy prices remained volatile as","page_number":8,"box":{"x":513,"y":429,"width":449,"height":11}},{"id":"2d915e83-5936-4204-8693-814d7b1c1296","block_type":"box","text":"negotiations between the US and Iran alternated between","page_number":8,"box":{"x":513,"y":443,"width":449,"height":11}},{"id":"a3bb6f4b-bbb6-4a8f-bd03-f940e5390d61","block_type":"box","text":"signs of progress and renewed escalation. However,","page_number":8,"box":{"x":512,"y":457,"width":450,"height":11}},{"id":"a8fae7da-a5d5-44c9-959c-00cf8218ff98","block_type":"box","text":"sentiment improved following the signing of an interim","page_number":8,"box":{"x":512,"y":471,"width":450,"height":11}},{"id":"8b0beea2-2424-4885-b917-2a28a82b0690","block_type":"box","text":"agreement in June, easing concerns over a prolonged","page_number":8,"box":{"x":512,"y":486,"width":450,"height":11}},{"id":"603ed2b4-96af-472a-9d74-2be8ae880d21","block_type":"box","text":"disruption to global energy supplies. Brent crude oil fell","page_number":8,"box":{"x":512,"y":500,"width":450,"height":11}},{"id":"82709af2-7315-4a17-9ae7-4948f522205a","block_type":"box","text":"sharply during the month, ending June at $72.92 per barrel,","page_number":8,"box":{"x":512,"y":513,"width":450,"height":12}},{"id":"deaa92f6-cf46-4898-adbc-a00ce071c623","block_type":"box","text":"close to its pre-conflict level. As fears of a sustained energy","page_number":8,"box":{"x":512,"y":528,"width":450,"height":11}},{"id":"25956545-aea8-427b-866a-63c31798deab","block_type":"box","text":"shock and stagflation (an economic condition characterised","page_number":8,"box":{"x":512,"y":542,"width":450,"height":12}},{"id":"3789b84c-f641-4444-bd73-8d5ca6a0873b","block_type":"box","text":"by simultaneous slowing economic growth and higher prices)","page_number":8,"box":{"x":513,"y":557,"width":449,"height":11}},{"id":"47d6f7f5-d451-459c-a046-e7c99276af57","block_type":"box","text":"receded, government bond and credit markets recovered.","page_number":8,"box":{"x":513,"y":571,"width":425,"height":11}},{"id":"5254ee5b-2e59-4562-8706-0316779792ed","block_type":"box","text":"Economic data remained relatively resilient throughout the","page_number":8,"box":{"x":513,"y":596,"width":449,"height":11}},{"id":"97c672ec-e974-4ab5-837e-6eb79ec395ad","block_type":"box","text":"period. This was particularly evident in the US, where labour","page_number":8,"box":{"x":513,"y":610,"width":449,"height":11}},{"id":"a5434570-2c30-4100-924a-d7f3043ccc59","block_type":"box","text":"market data continued to surprise on the upside. By May,","page_number":8,"box":{"x":513,"y":625,"width":449,"height":11}},{"id":"4787b901-7967-4fea-8856-9957ceee5105","block_type":"box","text":"the three-month average of non-farm payroll growth had","page_number":8,"box":{"x":512,"y":639,"width":450,"height":11}},{"id":"c63f2307-6fee-4dcd-a378-c68796862993","block_type":"box","text":"risen to 188,000, its highest level in two years. Growth in","page_number":8,"box":{"x":513,"y":653,"width":449,"height":11}},{"id":"ad9af724-b8df-417e-a548-3a5289dab2fe","block_type":"box","text":"the UK and Europe remained more subdued but continued","page_number":8,"box":{"x":512,"y":667,"width":450,"height":11}},{"id":"4d89c7f6-598a-4b31-8f51-6dded93cb47f","block_type":"box","text":"to expand, with June flash composite Purchasing Managers'","page_number":8,"box":{"x":512,"y":681,"width":450,"height":12}},{"id":"8cd661bb-2404-4cb4-acbb-1aaf2fc7bc94","block_type":"box","text":"Indices (data reflecting early estimates of business activity)","page_number":8,"box":{"x":513,"y":696,"width":444,"height":11}},{"id":"3b2fff93-aa35-49ee-aa5d-d1b9949c7363","block_type":"box","text":"remaining in expansionary territory across all three regions.","page_number":8,"box":{"x":513,"y":710,"width":443,"height":11}},{"id":"091be796-8692-4508-9225-aca8936ecfa5","block_type":"box","text":"Meanwhile, inflation proved more persistent than previously","page_number":8,"box":{"x":513,"y":724,"width":444,"height":11}},{"id":"514ba4fe-4ef8-44fa-a9ec-d96a7de1f871","block_type":"box","text":"anticipated, reflecting both higher energy prices and resilient","page_number":8,"box":{"x":512,"y":738,"width":445,"height":12}},{"id":"a18269c0-d182-47e2-84dd-101c3a09c6fb","block_type":"box","text":"underlying demand.","page_number":8,"box":{"x":513,"y":753,"width":145,"height":11}},{"id":"809581fb-d713-4fc8-86c4-be41f3423555","block_type":"box","text":"Against this backdrop, central banks adopted a more cautious","page_number":8,"box":{"x":512,"y":778,"width":445,"height":11}},{"id":"0f3dce91-273c-48bc-a6ea-c21dd278e5ed","block_type":"box","text":"– and in some cases increasingly hawkish – stance. In the","page_number":8,"box":{"x":512,"y":792,"width":444,"height":11}},{"id":"c2320412-ffea-4e78-bbf0-8026290d526f","block_type":"box","text":"US, the Federal Reserve held rates but the first Federal Open","page_number":8,"box":{"x":513,"y":806,"width":443,"height":11}},{"id":"2d3cd0cb-065c-4481-944a-c22ab95af504","block_type":"box","text":"Market Committee (which determines US monetary policy)","page_number":8,"box":{"x":513,"y":820,"width":444,"height":12}},{"id":"03b6579a-04ca-40a7-a1e7-c57ced5e622a","block_type":"box","text":"meeting chaired by Kevin Warsh struck a more hawkish tone","page_number":8,"box":{"x":513,"y":835,"width":443,"height":11}},{"id":"2f6a5c2e-290e-4661-be8c-59baae06e0b4","block_type":"box","text":"than expected. In the UK, the Bank of England left the Bank","page_number":8,"box":{"x":512,"y":849,"width":450,"height":11}},{"id":"fedcacb5-404c-4f36-8de9-2b46cce95cd5","block_type":"box","text":"Rate unchanged at 3.75%, while highlighting the uncertainty","page_number":8,"box":{"x":513,"y":863,"width":449,"height":12}},{"id":"1a570489-0efc-43d4-838f-d2754d794ead","block_type":"box","text":"surrounding the inflation outlook. Elsewhere, the European","page_number":8,"box":{"x":512,"y":877,"width":450,"height":12}},{"id":"95552e2d-d96d-4792-b951-9e0348892cd1","block_type":"box","text":"Central Bank raised its deposit rate by 25 basis points to","page_number":8,"box":{"x":512,"y":892,"width":450,"height":11}},{"id":"eda120f9-70af-4547-90ef-9e83ae5a7274","block_type":"box","text":"2.25% in June, its first increase since 2023.","page_number":8,"box":{"x":512,"y":906,"width":321,"height":10}},{"id":"4377727d-763b-49ae-80ff-b0d4335057ad","block_type":"box","text":"Market Review (continued)","page_number":8,"box":{"x":43,"y":79,"width":253,"height":14}},{"id":"4ebcaede-03ed-4b6b-87c4-b578f5f2b7df","block_type":"box","text":"8","page_number":9,"box":{"x":496,"y":972,"width":7,"height":8}},{"id":"1c5ca390-e83c-4980-8bd7-3e9edc556d2f","block_type":"box","text":"SARASIN Funds ICVC","page_number":9,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"95723904-d91c-4a88-ba1c-922d9a59c3b1","block_type":"box","text":"Alongside geopolitics, AI remained one of the defining","page_number":9,"box":{"x":42,"y":120,"width":450,"height":11}},{"id":"70450594-7fac-44eb-87a1-0c780898a4a6","block_type":"box","text":"investment themes during the first half of the period. Continued","page_number":9,"box":{"x":43,"y":134,"width":449,"height":12}},{"id":"a9b9919b-649f-4fda-b4a1-9709b83e0c1e","block_type":"box","text":"spending on AI infrastructure supported companies across","page_number":9,"box":{"x":42,"y":149,"width":450,"height":11}},{"id":"3bce0e7d-d694-41bc-886b-40e299cecc9b","block_type":"box","text":"the technology supply chain and remained an important","page_number":9,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"8fc5d5f2-3e37-41cb-a19a-9f22365d7ebf","block_type":"box","text":"driver of broader market sentiment. While AI has had a more","page_number":9,"box":{"x":42,"y":177,"width":450,"height":9}},{"id":"711d21f8-a900-40af-a9e6-57ee58c2b021","block_type":"box","text":"direct impact on equity markets, it continued to shape the","page_number":9,"box":{"x":42,"y":191,"width":450,"height":12}},{"id":"02b8c28c-79c4-4421-96ca-08fd8c6a1e33","block_type":"box","text":"fixed income investment backdrop throughout the period.","page_number":9,"box":{"x":42,"y":206,"width":421,"height":11}},{"id":"dc7f2dfe-c1b0-442f-af91-1c536745a420","block_type":"box","text":"Currencies","page_number":9,"box":{"x":43,"y":231,"width":86,"height":8}},{"id":"39ade46e-771e-4238-b205-81af20d6089d","block_type":"box","text":"The US dollar strengthened modestly against roughly two","page_number":9,"box":{"x":42,"y":245,"width":450,"height":11}},{"id":"6ea630b2-d198-4267-813b-0444167f3b89","block_type":"box","text":"thirds of major currencies in the first half of 2026 to unwind","page_number":9,"box":{"x":42,"y":259,"width":450,"height":11}},{"id":"4fd8f1b8-f761-416f-bc1b-3cabac9cb7c4","block_type":"box","text":"some of last year’s broad-based weakness. Higher oil","page_number":9,"box":{"x":42,"y":273,"width":450,"height":12}},{"id":"47b00b5c-e7d6-4727-817b-e0a6db947966","block_type":"box","text":"prices, some safe-haven demand tied to the Gulf conflict,","page_number":9,"box":{"x":43,"y":288,"width":449,"height":11}},{"id":"bc066088-9304-4bca-bda5-5e9afec939a5","block_type":"box","text":"resilient US growth, an AI-driven investment boom and a","page_number":9,"box":{"x":43,"y":302,"width":449,"height":11}},{"id":"eaf012bc-87f5-4aac-b0c6-447f06752fe6","block_type":"box","text":"shift in expectations toward a Fed rate hike have supported","page_number":9,"box":{"x":42,"y":316,"width":450,"height":11}},{"id":"d8e880a2-0234-4ed5-84d4-9e98ba3f1dc5","block_type":"box","text":"the dollar, reinforced by new Federal Reserve Chair Kevin","page_number":9,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"6de5639e-75b9-45f5-8ab2-bdb3ae5a8e8e","block_type":"box","text":"Warsh's hawkish tone.","page_number":9,"box":{"x":42,"y":345,"width":165,"height":8}},{"id":"c62d2a8a-b32b-48fd-a694-ca0959e9d0eb","block_type":"box","text":"Among the majors that weakened against the dollar, the","page_number":9,"box":{"x":42,"y":370,"width":450,"height":11}},{"id":"4b596200-3637-4a19-a8d6-90cf83a44244","block_type":"box","text":"euro and Swiss franc both gave back some of 2025's","page_number":9,"box":{"x":42,"y":384,"width":450,"height":11}},{"id":"6a339b8c-7673-4a03-8b20-433bd87a9a64","block_type":"box","text":"gains, with dollar strength outweighing firmer European rate","page_number":9,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"4591a5ba-6384-4066-a179-3ebd3c009d78","block_type":"box","text":"expectations. Sterling was similarly softer. The Japanese","page_number":9,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"0649defa-41af-40b6-a2c4-1073aa819d27","block_type":"box","text":"yen underperformed again, as the Bank of Japan's policy","page_number":9,"box":{"x":42,"y":427,"width":450,"height":11}},{"id":"e8160c40-58bd-47eb-b320-1b6bbeee7274","block_type":"box","text":"normalisation remains too gradual to offset wide rate","page_number":9,"box":{"x":43,"y":441,"width":449,"height":11}},{"id":"384d9d7b-bdfe-477b-a11c-5a10ca7176b1","block_type":"box","text":"differentials with the US. The Korean won was one of the","page_number":9,"box":{"x":42,"y":455,"width":450,"height":9}},{"id":"17372fdb-7767-42d1-b38d-26ef22aa52d6","block_type":"box","text":"weaker performers among larger economies, touching","page_number":9,"box":{"x":42,"y":469,"width":450,"height":12}},{"id":"7bea6a3c-2d7f-48b8-b1ae-a4f4912ec2d0","block_type":"box","text":"record lows and prompting regulatory concern. Turkey's lira","page_number":9,"box":{"x":43,"y":484,"width":449,"height":11}},{"id":"3bf62e92-aa1a-4d41-9b36-8c0b7e9a0007","block_type":"box","text":"was the clear laggard, extending its managed depreciation","page_number":9,"box":{"x":42,"y":498,"width":450,"height":11}},{"id":"ec58dc5f-af80-45da-b138-0585626f089d","block_type":"box","text":"path as inflation remains well above target, worsened by the","page_number":9,"box":{"x":43,"y":512,"width":449,"height":11}},{"id":"a4c4f988-6002-44fb-831a-39452031db8e","block_type":"box","text":"energy price shock from the Iran conflict.","page_number":9,"box":{"x":42,"y":526,"width":301,"height":12}},{"id":"bf1b7958-cb60-49e1-a900-758a14f49476","block_type":"box","text":"Still, a meaningful group of currencies held their ground","page_number":9,"box":{"x":43,"y":551,"width":449,"height":12}},{"id":"091ed88d-9233-498b-bc5a-72f8dc4a3c2c","block_type":"box","text":"or gained. The Brazilian real was the standout, and the","page_number":9,"box":{"x":42,"y":566,"width":450,"height":11}},{"id":"254fbc39-f268-4e5d-86d0-16b76039c5c2","block_type":"box","text":"best-performing major currency globally, supported by","page_number":9,"box":{"x":43,"y":580,"width":449,"height":11}},{"id":"fcedd294-59be-4463-9102-d4307efb44e2","block_type":"box","text":"Brazil's high real interest rates, strong carry appeal and","page_number":9,"box":{"x":43,"y":594,"width":449,"height":11}},{"id":"58501bd3-95b8-4ffe-9a94-97cfdf01e18a","block_type":"box","text":"improved terms of trade from higher oil, iron ore and soybean","page_number":9,"box":{"x":43,"y":608,"width":449,"height":12}},{"id":"13e163cb-666a-48f2-bc91-eff2040e89e8","block_type":"box","text":"prices. China's yuan also firmed modestly, continuing a","page_number":9,"box":{"x":43,"y":623,"width":449,"height":11}},{"id":"e8b2521e-798c-428d-a93f-95621417dfab","block_type":"box","text":"gradual managed appreciation as Beijing diversifies trade","page_number":9,"box":{"x":42,"y":637,"width":450,"height":11}},{"id":"6a86faf5-8a11-4ef9-b32d-970e960647e2","block_type":"box","text":"away from the US. The Australian dollar strengthened due","page_number":9,"box":{"x":42,"y":651,"width":450,"height":11}},{"id":"ea012075-38b3-4c7b-8f4b-7e1e6e84ac1a","block_type":"box","text":"to expectations for higher interest rates due to stubborn","page_number":9,"box":{"x":42,"y":665,"width":450,"height":12}},{"id":"0cc5c65f-1143-4862-af57-ffd2c3a3b122","block_type":"box","text":"above-target inflation.","page_number":9,"box":{"x":42,"y":680,"width":160,"height":11}},{"id":"618b06af-8e47-42d3-9c3a-3f0cad594a5c","block_type":"box","text":"Guy Monson","page_number":9,"box":{"x":43,"y":794,"width":93,"height":11}},{"id":"0621cfee-9666-41d3-86e2-5a2670352be7","block_type":"box","text":"Chief Market Strategist","page_number":9,"box":{"x":43,"y":808,"width":170,"height":11}},{"id":"0a058d42-6149-4a40-be75-9b9e59f9c326","block_type":"box","text":"Sarasin & Partners LLP","page_number":9,"box":{"x":43,"y":822,"width":174,"height":9}},{"id":"8b58385a-79f6-42c4-96c0-e1eb1e19cb0a","block_type":"box","text":"28 July 2026","page_number":9,"box":{"x":42,"y":837,"width":94,"height":11}},{"id":"53502a1f-16cf-4da2-8486-76f1569c60c5","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":9,"box":{"x":42,"y":860,"width":445,"height":9}},{"id":"a0c63845-baf0-4da5-9b9c-19ad928fa182","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":9,"box":{"x":41,"y":872,"width":446,"height":9}},{"id":"a94fe8a6-e8d9-479a-a4e8-d599bd848d6c","block_type":"box","text":"without notice.","page_number":9,"box":{"x":42,"y":883,"width":85,"height":7}},{"id":"58c58553-6e25-4de3-a7b6-8a34f2a8cbc3","block_type":"box","text":"Market Review (continued)","page_number":9,"box":{"x":43,"y":79,"width":253,"height":14}},{"id":"b8944170-4e45-4521-962b-274dd5ede7a8","block_type":"box","text":"Fixed Income (continued)","page_number":9,"box":{"x":43,"y":106,"width":201,"height":11}},{"id":"cfae75f9-a5c8-4106-8b68-a28b6a985545","block_type":"box","text":"9","page_number":10,"box":{"x":496,"y":972,"width":7,"height":8}},{"id":"0a8f0639-0028-48f4-98e5-e2ca7925d45f","block_type":"box","text":"SARASIN Funds ICVC","page_number":10,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"ac59713a-8086-4493-9d53-ec5ea7a59a34","block_type":"box","text":"Notification of Amendments","page_number":10,"box":{"x":43,"y":79,"width":266,"height":11}},{"id":"b52f7e58-851d-47b3-a286-788c51d3a7fd","block_type":"box","text":"Sarasin Multi Asset – Strategic: Benchmark Change","page_number":10,"box":{"x":42,"y":106,"width":412,"height":11}},{"id":"50a3c7a9-2169-4621-93ff-6afc427aa96b","block_type":"box","text":"The sub-fund uses a benchmark against which you can","page_number":10,"box":{"x":42,"y":120,"width":450,"height":11}},{"id":"51bd551c-efb7-49c2-b254-8c5c21cf9150","block_type":"box","text":"compare investment performance. This is in addition to","page_number":10,"box":{"x":42,"y":134,"width":450,"height":11}},{"id":"1a05ec9c-dce4-42ec-8b3f-b3ffcd8b7242","block_type":"box","text":"determining whether sub-fund has met its investment target","page_number":10,"box":{"x":42,"y":149,"width":450,"height":11}},{"id":"9d49226a-435a-4b29-be0a-5c81efdd094f","block_type":"box","text":"of growing (through increases in investment value and","page_number":10,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"68953171-71c3-4cad-a1b6-c7a78d576587","block_type":"box","text":"income) in real terms, i.e. more than the Consumer Price","page_number":10,"box":{"x":43,"y":177,"width":449,"height":11}},{"id":"6b8e9fbf-0983-4604-8dc2-8c5de02e6a15","block_type":"box","text":"Index, over a rolling 5-year period after deducting fees and","page_number":10,"box":{"x":43,"y":191,"width":449,"height":12}},{"id":"c9786e6e-8bbd-47ef-9d70-692623fcc0a2","block_type":"box","text":"costs.","page_number":10,"box":{"x":42,"y":206,"width":48,"height":8}},{"id":"71044987-36a7-4e91-a280-632c1f223dc9","block_type":"box","text":"On 1 May 2026 we changed this sub-fund’s comparator","page_number":10,"box":{"x":43,"y":231,"width":449,"height":11}},{"id":"d70b1774-7427-4538-9834-7440054e53a4","block_type":"box","text":"benchmark to be the performance of the Investment","page_number":10,"box":{"x":43,"y":245,"width":449,"height":11}},{"id":"c75be32b-6b76-4f86-a87a-d0c4d114c851","block_type":"box","text":"Association’s (IA) Mixed Investment 20%-60% Shares","page_number":10,"box":{"x":42,"y":259,"width":450,"height":11}},{"id":"d157d7d3-e288-4acd-83de-e1e09f4c6d8a","block_type":"box","text":"sector. Many funds sold in the UK are grouped into sectors","page_number":10,"box":{"x":42,"y":273,"width":450,"height":12}},{"id":"e4c0400b-979d-45b2-9fd3-3f6e652d946e","block_type":"box","text":"by the IA (the trade body that represents UK investment","page_number":10,"box":{"x":43,"y":288,"width":449,"height":11}},{"id":"7c8ec072-08e4-46f6-9aba-c9a47584de0e","block_type":"box","text":"managers), to help investors to compare funds with broadly","page_number":10,"box":{"x":43,"y":302,"width":449,"height":11}},{"id":"8b5df4d1-dd48-4c2a-bba7-6cf17bcce51e","block_type":"box","text":"similar characteristics. This sub-fund is classified in the IA","page_number":10,"box":{"x":42,"y":316,"width":450,"height":9}},{"id":"5111279b-4e20-4487-9a2b-9e8348540686","block_type":"box","text":"Mixed Investment 20%-60% Shares sector and assessing","page_number":10,"box":{"x":43,"y":330,"width":449,"height":12}},{"id":"54f4d68f-d484-4835-b09f-c6c5c5a9a811","block_type":"box","text":"the sub-fund’s performance against this sector will allow","page_number":10,"box":{"x":42,"y":345,"width":450,"height":11}},{"id":"067a76cc-d1f6-46d6-b2c7-3d1105913a00","block_type":"box","text":"investors to compare how the sub-fund is performing relative","page_number":10,"box":{"x":43,"y":359,"width":449,"height":11}},{"id":"0226ec20-bd45-43fa-9047-77f01e5c95cc","block_type":"box","text":"to its peers.","page_number":10,"box":{"x":42,"y":373,"width":85,"height":11}},{"id":"986b4ab0-3335-4519-9a9e-8904c0ee5e25","block_type":"box","text":"Sarasin Global Equity Real Return: Benchmark Change","page_number":10,"box":{"x":42,"y":398,"width":440,"height":11}},{"id":"c8d3dc8f-6828-4464-99df-3ed51bd2fa7b","block_type":"box","text":"The sub-fund uses a benchmark against which you can","page_number":10,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"902338fb-e5a2-4715-b4fb-834572e6703b","block_type":"box","text":"compare investment performance. This is in addition to","page_number":10,"box":{"x":42,"y":427,"width":450,"height":11}},{"id":"a0e47fe8-3b6c-478a-974b-59597ff32a09","block_type":"box","text":"determining whether sub-fund has met its investment target","page_number":10,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"71b7ccaa-11cc-4ff1-9718-26ca0047f3e8","block_type":"box","text":"of growing (through increases in investment value and","page_number":10,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"a2cc95de-8bb7-4106-b3bc-c7dfb1f6df67","block_type":"box","text":"income) by 4% more than the Consumer Price Index, over a","page_number":10,"box":{"x":43,"y":469,"width":449,"height":12}},{"id":"f515e2b3-12a0-43c6-a8fe-79b7eb33d224","block_type":"box","text":"rolling 5-year period after deducting fees and costs.","page_number":10,"box":{"x":43,"y":484,"width":379,"height":11}},{"id":"a17c9bb8-7d2e-452e-8195-032f54135df4","block_type":"box","text":"On 1 May 2026 we changed this sub-fund’s comparator","page_number":10,"box":{"x":43,"y":509,"width":449,"height":11}},{"id":"c2100646-6b6d-40f7-9526-671dc6c7f88a","block_type":"box","text":"benchmark to be the performance of the IA’s Global sector.","page_number":10,"box":{"x":43,"y":523,"width":449,"height":11}},{"id":"1534daf1-c01a-4068-b83e-8173663fbd70","block_type":"box","text":"Many funds sold in the UK are grouped into sectors by the IA","page_number":10,"box":{"x":43,"y":537,"width":449,"height":11}},{"id":"1cb03002-e061-4cc2-886e-9dc46f9440cb","block_type":"box","text":"(the trade body that represents UK investment managers),","page_number":10,"box":{"x":43,"y":551,"width":449,"height":12}},{"id":"8818a81f-3175-435f-b567-5ae6797a5d61","block_type":"box","text":"to help investors to compare funds with broadly similar","page_number":10,"box":{"x":42,"y":566,"width":450,"height":11}},{"id":"c90613f4-860c-4835-b5d7-258d9a29d2e3","block_type":"box","text":"characteristics. This sub-fund is classified in the IA Global","page_number":10,"box":{"x":42,"y":580,"width":450,"height":9}},{"id":"55a55034-46a2-4c23-986a-4eba6b2476ba","block_type":"box","text":"sector and assessing the sub-fund’s performance against","page_number":10,"box":{"x":42,"y":594,"width":450,"height":11}},{"id":"7610d62e-7b65-4028-9e4b-6c76e073ae90","block_type":"box","text":"this sector will allow investors to compare how the sub-fund","page_number":10,"box":{"x":42,"y":608,"width":450,"height":11}},{"id":"3ca4a647-ce29-4f3b-9ae5-c74e00886fbf","block_type":"box","text":"is performing relative to its peers.","page_number":10,"box":{"x":43,"y":623,"width":245,"height":11}},{"id":"ee20cd91-2668-4225-9234-6c10749360a3","block_type":"box","text":"Sarasin Managed Funds: Investment Policies","page_number":10,"box":{"x":42,"y":648,"width":359,"height":11}},{"id":"637cce85-1986-4dd2-9ff9-ff6c1f2f4a98","block_type":"box","text":"On 6 July 2026, the investment policies of the four Sarasin","page_number":10,"box":{"x":43,"y":662,"width":449,"height":11}},{"id":"7a99b8a4-5024-4b9b-a60b-8b5f70abc7da","block_type":"box","text":"Managed Funds – namely, Sarasin Cautious Managed,","page_number":10,"box":{"x":43,"y":676,"width":449,"height":11}},{"id":"de7ce762-d9b8-4e27-9d97-9c5f48966ee7","block_type":"box","text":"Sarasin Balanced Managed, Sarasin Growth Managed and","page_number":10,"box":{"x":43,"y":690,"width":443,"height":12}},{"id":"eeffb828-9f07-4e62-9619-65015922822e","block_type":"box","text":"Sarasin Equity Managed – were updated to clarify the types","page_number":10,"box":{"x":43,"y":705,"width":444,"height":11}},{"id":"9520b475-4452-4717-96f1-e572336eacd9","block_type":"box","text":"of other funds that could be invested in, and also to introduce","page_number":10,"box":{"x":42,"y":719,"width":445,"height":10}},{"id":"6fc1e7cc-d8d1-45cc-9f4f-8a84c52791ad","block_type":"box","text":"a limit of how much investment in private equity could be","page_number":10,"box":{"x":42,"y":733,"width":445,"height":11}},{"id":"b10b955b-08ee-48b1-8fc7-6e9e8d7faa6e","block_type":"box","text":"made, of 10% of each sub-fund.","page_number":10,"box":{"x":43,"y":747,"width":235,"height":11}},{"id":"33638fda-30f6-4ff7-90c3-7032ef99767e","block_type":"box","text":"All Sub-Funds","page_number":10,"box":{"x":42,"y":772,"width":113,"height":9}},{"id":"15021fb0-b5a5-4a31-bed5-e455b275e528","block_type":"box","text":"On 6 July 2026, Northern Trust Investor Services Limited","page_number":10,"box":{"x":43,"y":787,"width":443,"height":11}},{"id":"f8f6c88e-b073-41b3-b0f3-1c1d418d6680","block_type":"box","text":"replaced NatWest Trustee & Depositary Services Limited","page_number":10,"box":{"x":43,"y":801,"width":443,"height":11}},{"id":"5b0f5b45-55ad-4a9d-b74b-245b353af541","block_type":"box","text":"as the trustee and depositary of the Sarasin ICVC. The","page_number":10,"box":{"x":42,"y":815,"width":445,"height":11}},{"id":"88dbc150-e2f7-434a-af8d-02a4eee92fd6","block_type":"box","text":"main responsibilities of the trustee/depositary are the","page_number":10,"box":{"x":43,"y":829,"width":444,"height":12}},{"id":"b342e87c-0ba5-4938-8b00-5940e14477a1","block_type":"box","text":"safe-keeping of the sub-funds’ assets, independent oversight","page_number":10,"box":{"x":42,"y":844,"width":450,"height":11}},{"id":"998fe702-e2f3-4141-8f31-cf76baf96e46","block_type":"box","text":"of other service providers to the sub-funds, including of","page_number":10,"box":{"x":42,"y":858,"width":450,"height":11}},{"id":"2acfd2a2-74a8-47ed-9b62-b98f036f18c4","block_type":"box","text":"Sarasin, and monitoring of cash flows into and out of the","page_number":10,"box":{"x":43,"y":872,"width":449,"height":11}},{"id":"e0a2cbc1-c2dc-44fb-bed8-5f3579152e5b","block_type":"box","text":"sub-funds. Northern Trust Investor Services Limited are","page_number":10,"box":{"x":42,"y":886,"width":450,"height":9}},{"id":"727b504e-d1a9-43cc-863a-f321d84c34f4","block_type":"box","text":"regulated and authorised to conduct these activities in the","page_number":10,"box":{"x":43,"y":901,"width":449,"height":11}},{"id":"69c4d0c6-d227-43f2-8463-303d15d12ed0","block_type":"box","text":"UK.","page_number":10,"box":{"x":43,"y":915,"width":25,"height":9}},{"id":"aea82728-e358-4b7a-8990-1086d5fae09a","block_type":"box","text":"Investment Themes","page_number":10,"box":{"x":513,"y":79,"width":186,"height":11}},{"id":"ea9c16c1-4fde-4dcf-b7b5-790c2b8984c3","block_type":"box","text":"Investment Themes","page_number":10,"box":{"x":512,"y":100,"width":1,"height":0}},{"id":"b6cc9026-07c6-4c5b-aaf5-01c55cc56e45","block_type":"box","text":"In this document we present a Portfolio Statement for","page_number":10,"box":{"x":513,"y":106,"width":449,"height":11}},{"id":"d327f909-fadb-437a-abb5-2ef6ef8c34ed","block_type":"box","text":"each sub-fund to show what investments were held in your","page_number":10,"box":{"x":512,"y":120,"width":450,"height":11}},{"id":"4a2a9a92-55fa-4a5c-a391-22b1cb7e26e8","block_type":"box","text":"sub-fund(s) as at the account date of 3 July, how they were","page_number":10,"box":{"x":512,"y":134,"width":450,"height":12}},{"id":"8b61bec0-3d3d-4d4b-9d90-415b50457b4e","block_type":"box","text":"valued on that date, and what percentage of the overall","page_number":10,"box":{"x":512,"y":149,"width":450,"height":11}},{"id":"56fb1225-fb85-4118-b862-2c7d5ef1dd4e","block_type":"box","text":"sub-fund they represented.","page_number":10,"box":{"x":512,"y":163,"width":205,"height":11}},{"id":"a6757aca-7ccf-4122-a77f-2c7cf160844c","block_type":"box","text":"We break the Portfolio Statement down into several","page_number":10,"box":{"x":512,"y":188,"width":450,"height":9}},{"id":"1488eda1-a90e-4d29-a16f-431d99e4c455","block_type":"box","text":"categories to show the different types of investments that","page_number":10,"box":{"x":512,"y":202,"width":450,"height":11}},{"id":"2485eb16-f0e4-4141-8d74-0f97bebb5f75","block_type":"box","text":"the sub-funds hold. As a global thematic investor, where","page_number":10,"box":{"x":512,"y":216,"width":450,"height":12}},{"id":"4a191d2a-b9b0-4f7e-a1a5-f01cbf26c187","block_type":"box","text":"a sub-fund holds shares in companies, we categorise the","page_number":10,"box":{"x":512,"y":231,"width":450,"height":11}},{"id":"cb4fec20-af91-49fc-a22a-053740be5b85","block_type":"box","text":"companies held according to the six Themes outlined below.","page_number":10,"box":{"x":512,"y":245,"width":450,"height":11}},{"id":"6432939c-e937-4853-aea7-361d892776f6","block_type":"box","text":"We are committed to identifying and capitalising on enduring","page_number":10,"box":{"x":512,"y":259,"width":450,"height":11}},{"id":"a9a1d631-288d-4618-98cc-c095c74a2004","block_type":"box","text":"themes to deliver long-term value to clients investing in our","page_number":10,"box":{"x":512,"y":274,"width":450,"height":11}},{"id":"1cef8aae-f631-4b29-9e2e-3d58f856c6a3","block_type":"box","text":"sub-funds. By integrating thematic research into all aspects of","page_number":10,"box":{"x":512,"y":288,"width":450,"height":11}},{"id":"b388d470-1c47-4d80-baeb-dfedbfc8a06f","block_type":"box","text":"investing, we strive to mitigate biases, uncover opportunities,","page_number":10,"box":{"x":513,"y":302,"width":449,"height":11}},{"id":"e3b72854-7921-4f52-bd00-282bad48d70b","block_type":"box","text":"and address risks that could impact client outcomes.","page_number":10,"box":{"x":512,"y":316,"width":387,"height":11}},{"id":"c9c3c935-f81a-4a4c-8454-ea42b6f25099","block_type":"box","text":"Guided by long-term structural trends that drive global","page_number":10,"box":{"x":512,"y":341,"width":450,"height":11}},{"id":"53f5a7ce-57c6-4e73-98e4-8fc4bb9bb64d","block_type":"box","text":"change, our thematic investment approach helps us find","page_number":10,"box":{"x":512,"y":355,"width":450,"height":12}},{"id":"84314c27-dd0a-4197-a394-f1a6ac502020","block_type":"box","text":"what we see as the most compelling long-term opportunities.","page_number":10,"box":{"x":512,"y":370,"width":450,"height":11}},{"id":"7477940e-0296-4253-aa05-16ab33d58e4d","block_type":"box","text":"We believe these are the key themes that will play the most","page_number":10,"box":{"x":512,"y":384,"width":450,"height":11}},{"id":"9edb7bb1-6082-4374-a47c-eb8bad79a5d7","block_type":"box","text":"significant role in shaping our futures. Thinking thematically","page_number":10,"box":{"x":512,"y":398,"width":450,"height":11}},{"id":"aa735285-313c-42b4-a7fc-a6424024ee2d","block_type":"box","text":"narrows our investment universe to companies that benefit","page_number":10,"box":{"x":513,"y":412,"width":449,"height":12}},{"id":"1dfd84bb-c546-413d-9c17-e5b3b65d0669","block_type":"box","text":"from these themes.","page_number":10,"box":{"x":512,"y":427,"width":148,"height":9}},{"id":"9a985f58-12be-40a3-8b20-61bf1bb4fd10","block_type":"box","text":"On 3 July 2026, our themes were;","page_number":10,"box":{"x":512,"y":452,"width":250,"height":11}},{"id":"2f04bbfc-3399-4052-ab72-404ef7b08dfd","block_type":"box","text":"Digitalisation","page_number":10,"box":{"x":513,"y":477,"width":103,"height":11}},{"id":"190117df-7970-4461-b92a-9bf114b22a0e","block_type":"box","text":"The world’s shift from analogue to digital is well underway and","page_number":10,"box":{"x":512,"y":491,"width":450,"height":11}},{"id":"3a72de7d-8343-43f8-a4b5-e9ef41494297","block_type":"box","text":"seems to have only sped up since the pandemic. Just look at","page_number":10,"box":{"x":512,"y":505,"width":450,"height":11}},{"id":"65d3f0a8-2858-44ec-b25e-5663a2db4149","block_type":"box","text":"your own behaviours. How we work, play, shop and socialise","page_number":10,"box":{"x":512,"y":520,"width":450,"height":11}},{"id":"44363ff0-4190-41b0-8d5f-7550c1150545","block_type":"box","text":"have changed. We’re now hyperconnected, instantly, all","page_number":10,"box":{"x":513,"y":534,"width":449,"height":11}},{"id":"12cd9927-6ceb-43e0-ba02-b37e24b8944e","block_type":"box","text":"the time, while rapid developments in Artificial Intelligence","page_number":10,"box":{"x":512,"y":548,"width":450,"height":11}},{"id":"d517c8fe-32c9-4142-b62e-9c6b318c4295","block_type":"box","text":"(AI) are also having a huge impact on our lives. Witness","page_number":10,"box":{"x":513,"y":562,"width":449,"height":11}},{"id":"fe279160-2888-45ba-b8ca-79d82a6b362e","block_type":"box","text":"the exponential growth in digital content, transactions,","page_number":10,"box":{"x":512,"y":577,"width":450,"height":11}},{"id":"a4f46d6d-8ec3-41d2-9f97-ad065874812f","block_type":"box","text":"advertising or data science in their varied forms. With vast","page_number":10,"box":{"x":512,"y":591,"width":450,"height":11}},{"id":"3c4107d6-fd15-4dc0-9b9f-162c1bc58211","block_type":"box","text":"processing power paving the way for even more complex","page_number":10,"box":{"x":513,"y":605,"width":449,"height":11}},{"id":"b934b05f-2a91-4527-95d5-09f70ace4666","block_type":"box","text":"computing, the possibilities — and risks — of digitalisation","page_number":10,"box":{"x":512,"y":619,"width":450,"height":11}},{"id":"3a42c8ce-ff07-48c0-9728-94ff74294345","block_type":"box","text":"feel almost limitless.","page_number":10,"box":{"x":512,"y":634,"width":148,"height":8}},{"id":"24610d84-91f9-41e2-b78a-61030ffffa08","block_type":"box","text":"Automation","page_number":10,"box":{"x":512,"y":659,"width":92,"height":8}},{"id":"d704b07d-b9b6-40ab-8f51-94eee983cb1a","block_type":"box","text":"With labour shortages growing, technology costs falling, and","page_number":10,"box":{"x":512,"y":673,"width":450,"height":11}},{"id":"1e7beae2-e236-42ef-b75f-b197bdcc40ba","block_type":"box","text":"added efficiencies from AI, automation is advancing faster","page_number":10,"box":{"x":512,"y":687,"width":445,"height":11}},{"id":"ff92e7db-025e-4dac-926d-d2c8fa49e6de","block_type":"box","text":"than ever. Pace of progress and adoption will vary but in","page_number":10,"box":{"x":512,"y":701,"width":444,"height":11}},{"id":"67e8f6ee-17c3-439d-9004-38f7c66ba131","block_type":"box","text":"overhauling most, if not all, sectors, opportunities prevail.","page_number":10,"box":{"x":512,"y":715,"width":444,"height":12}},{"id":"003b3061-9a19-4d58-95d0-4b4e5755c07f","block_type":"box","text":"Manufacturing is a little further along, with the automative,","page_number":10,"box":{"x":513,"y":730,"width":443,"height":11}},{"id":"2f71e3a8-0718-4f2b-8700-9c3bbdea0aac","block_type":"box","text":"and food and drink sectors at the forefront. For others it’s","page_number":10,"box":{"x":512,"y":744,"width":445,"height":9}},{"id":"7604c5da-25b7-4f22-8a4f-a476eb40bd6b","block_type":"box","text":"early days. Digital networks enabling data collection, storage","page_number":10,"box":{"x":512,"y":758,"width":444,"height":11}},{"id":"8d427d76-7fa1-42fe-ab23-3beb9d7fb9a2","block_type":"box","text":"and analysis are also thriving as they support an increasingly","page_number":10,"box":{"x":512,"y":773,"width":445,"height":11}},{"id":"82ce2061-4139-42e8-a14d-5b3c0b2b758e","block_type":"box","text":"automated world.","page_number":10,"box":{"x":512,"y":787,"width":127,"height":9}},{"id":"45eeabcc-d9f0-490f-b81e-039d0afde05a","block_type":"box","text":"Evolving Consumption","page_number":10,"box":{"x":513,"y":812,"width":180,"height":11}},{"id":"738fa67a-9bd9-44ed-b033-d6472fb0146d","block_type":"box","text":"The way we consume is changing. Perhaps your own habits","page_number":10,"box":{"x":512,"y":826,"width":445,"height":11}},{"id":"1dca1711-c204-414f-84b9-4c3472d9536a","block_type":"box","text":"look different than they did a few years ago. A greater interest","page_number":10,"box":{"x":513,"y":840,"width":449,"height":11}},{"id":"99c4a807-1047-4b27-bedf-3be74c81656e","block_type":"box","text":"in health, wellness and sustainability. Discovering experiences","page_number":10,"box":{"x":513,"y":855,"width":449,"height":11}},{"id":"257be502-2774-4418-90ed-98d6759368f7","block_type":"box","text":"rather than buying things. Rising living standards in emerging","page_number":10,"box":{"x":513,"y":869,"width":449,"height":11}},{"id":"428ba65b-aa4d-4889-867a-5042f977d14a","block_type":"box","text":"markets will naturally converge with those in developed","page_number":10,"box":{"x":513,"y":883,"width":449,"height":11}},{"id":"e9789260-1c46-4825-a24e-823b4a8bba6c","block_type":"box","text":"markets. As younger people start earning, their priorities","page_number":10,"box":{"x":513,"y":897,"width":449,"height":11}},{"id":"cf8c3971-ac27-40b9-ae46-e4d53a231ff2","block_type":"box","text":"will differ from those of their parents and grandparents. And","page_number":10,"box":{"x":512,"y":911,"width":450,"height":12}},{"id":"cddb95e2-a61c-4a7b-a0c6-bef1e0ab8834","block_type":"box","text":"entertainment preferences are more personalised, seen in","page_number":10,"box":{"x":512,"y":926,"width":444,"height":11}},{"id":"fd4b44b5-4ab8-4892-ae7e-d8cea2ad8dc3","block_type":"box","text":"the shift to smartphones and on-demand models.","page_number":10,"box":{"x":512,"y":940,"width":363,"height":11}},{"id":"1501f18f-0666-4b15-90a1-af0e99077f31","block_type":"box","text":"10","page_number":11,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"c93eee84-e9d0-48d9-b655-78f8c981e4d0","block_type":"box","text":"SARASIN Funds ICVC","page_number":11,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"5b5e704f-3865-4bd7-a3cb-8792ed14837d","block_type":"box","text":"Ageing","page_number":11,"box":{"x":42,"y":106,"width":56,"height":11}},{"id":"505933cf-7d9b-446b-ab59-bad5635cf658","block_type":"box","text":"If you’re investing for the long term, the theme of an ageing","page_number":11,"box":{"x":43,"y":120,"width":449,"height":11}},{"id":"7575bb07-9ea6-4d4b-8bf1-e6d18ebe4e3a","block_type":"box","text":"population may feel particularly relevant. Today, more than","page_number":11,"box":{"x":43,"y":134,"width":449,"height":12}},{"id":"39c1d5ed-8eb5-4b6a-ac44-11c2d82a06df","block_type":"box","text":"10% of people in the world are aged 65 or older. With rising","page_number":11,"box":{"x":44,"y":149,"width":448,"height":11}},{"id":"5f5b88c0-9f21-4056-a8c8-8cfade292977","block_type":"box","text":"life expectancy and lower fertility rates, the United Nations","page_number":11,"box":{"x":43,"y":163,"width":449,"height":11}},{"id":"00b82dbe-fa84-4d9a-b6f6-c8b951fbfb29","block_type":"box","text":"expects this figure to double to more than 20% by 2074.","page_number":11,"box":{"x":42,"y":177,"width":450,"height":11}},{"id":"e1ffa8b5-4c84-4715-8b97-f61c98a85ef1","block_type":"box","text":"A society with more older people affects how everyone","page_number":11,"box":{"x":42,"y":191,"width":450,"height":12}},{"id":"813f400d-9017-44e8-a222-1432b5ac34b6","block_type":"box","text":"works, pays tax, saves and spends. Financial services and","page_number":11,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"df791d17-2d2f-4977-8599-6ddd02f091c2","block_type":"box","text":"healthcare are two sectors hugely affected, each full of","page_number":11,"box":{"x":43,"y":220,"width":449,"height":11}},{"id":"7d56f900-10e7-448c-b51d-ab3097283b15","block_type":"box","text":"diverse opportunities and risks, depending where you are in","page_number":11,"box":{"x":42,"y":234,"width":450,"height":11}},{"id":"8dde51df-05f2-4617-937b-fa4b2b93446d","block_type":"box","text":"the world.","page_number":11,"box":{"x":42,"y":249,"width":71,"height":8}},{"id":"cb908180-bfe2-4991-a57e-745829848d34","block_type":"box","text":"Climate Change","page_number":11,"box":{"x":43,"y":273,"width":125,"height":12}},{"id":"4d102a71-0700-43dd-906a-396c0b035dfb","block_type":"box","text":"Whatever your understanding of climate change, know that","page_number":11,"box":{"x":42,"y":288,"width":450,"height":11}},{"id":"94799e6e-4e61-488a-a14b-5ec729d5e977","block_type":"box","text":"its impact is inevitable, hugely underestimated and cannot","page_number":11,"box":{"x":43,"y":302,"width":449,"height":11}},{"id":"06049a68-3256-4330-a8ef-2ce4729fe20e","block_type":"box","text":"be ignored. From trying to minimise its effects or adapting","page_number":11,"box":{"x":43,"y":316,"width":449,"height":11}},{"id":"3734f049-a71d-40c7-8cf6-b8bd13b0cb2d","block_type":"box","text":"to its consequences, enormous challenges exist. But with","page_number":11,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"d72b904f-2583-40dd-b8b5-23d1ac6c0435","block_type":"box","text":"these challenges come opportunities to invest in the future,","page_number":11,"box":{"x":42,"y":345,"width":450,"height":11}},{"id":"e3ae6872-2fa8-4862-8ee3-861279ac2ed5","block_type":"box","text":"especially as you take a long-term view. Dynamic new","page_number":11,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"e82a61ca-4787-4334-9a67-086a68d9ccf7","block_type":"box","text":"sectors like renewable energy and electric vehicles, or","page_number":11,"box":{"x":42,"y":373,"width":450,"height":11}},{"id":"63d33a61-e705-458e-8184-2a4f7a83407e","block_type":"box","text":"smart buildings and agriculture are full of potential, requiring","page_number":11,"box":{"x":42,"y":387,"width":450,"height":12}},{"id":"5d35c182-16f6-4308-80c1-0ad0acf11033","block_type":"box","text":"thorough analysis.","page_number":11,"box":{"x":42,"y":402,"width":135,"height":11}},{"id":"ad0306dc-cd74-4e38-a78b-9d8d29a5b810","block_type":"box","text":"Security","page_number":11,"box":{"x":42,"y":427,"width":66,"height":11}},{"id":"2f99fab8-4444-429a-be44-bde4cdfefd77","block_type":"box","text":"We’re living through a time of widespread geopolitical change.","page_number":11,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"f0b6be90-08d3-423c-abd7-c4fe60476a8d","block_type":"box","text":"A growing global population and rising demand for resources","page_number":11,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"8a84e6f9-8f48-4f9f-b636-c0271b2e1cbb","block_type":"box","text":"are placing strain on once-seemingly stable rules-based","page_number":11,"box":{"x":42,"y":469,"width":450,"height":12}},{"id":"2f8d4a97-55b7-497b-8ec5-50c75d5b3e70","block_type":"box","text":"systems. Since the Cold War, the world looks increasingly","page_number":11,"box":{"x":42,"y":484,"width":450,"height":11}},{"id":"7bcbe385-9fa7-4c08-abf7-696f71d1a9a1","block_type":"box","text":"divided over identity, politics and economic regimes. And","page_number":11,"box":{"x":42,"y":498,"width":450,"height":11}},{"id":"5f9befc0-80bf-466f-8b9c-915c2bc71749","block_type":"box","text":"with no unity in sight, uncertainty is becoming the norm. All","page_number":11,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"88fd1daa-2108-43e7-babc-86713daf7c48","block_type":"box","text":"this means that financial decisions are being made based","page_number":11,"box":{"x":42,"y":526,"width":450,"height":12}},{"id":"5015d382-4083-4401-9b82-998d5d14931c","block_type":"box","text":"on concerns over security, resilience and long-term stability.","page_number":11,"box":{"x":42,"y":541,"width":450,"height":11}},{"id":"9a9e91ed-dea6-481b-9b02-ad9ef8a692e9","block_type":"box","text":"We’re seeing the impact on global trade, supply chains and","page_number":11,"box":{"x":42,"y":555,"width":450,"height":11}},{"id":"804cd8cc-3aa1-40ad-a829-2359701cca79","block_type":"box","text":"food or energy security, through to defence and cyberthreats.","page_number":11,"box":{"x":42,"y":569,"width":450,"height":11}},{"id":"10b1880a-5d0c-4c6b-9b86-2dd334fa72c9","block_type":"box","text":"These risks are real, yet present fresh investment ideas.","page_number":11,"box":{"x":42,"y":583,"width":416,"height":12}},{"id":"308fc936-9c40-408b-8e68-27f799cc028a","block_type":"box","text":"Assessment of Value","page_number":11,"box":{"x":512,"y":79,"width":200,"height":11}},{"id":"74dc80b1-2543-4817-8e16-d3fde80283dd","block_type":"box","text":"The latest Assessment of Value report, as at","page_number":11,"box":{"x":512,"y":106,"width":450,"height":11}},{"id":"851ec7e9-0551-45a7-b594-c2b041390b37","block_type":"box","text":"31 December 2025, was published in April 2026 in line","page_number":11,"box":{"x":512,"y":120,"width":450,"height":11}},{"id":"6222bc35-e84f-4ca9-adac-9237538cb785","block_type":"box","text":"with the FCA’s requirements. The Assessment of Value is a","page_number":11,"box":{"x":512,"y":134,"width":450,"height":11}},{"id":"86084ee1-0763-4b03-a701-1ca5a19e165e","block_type":"box","text":"comprehensive annual review of each sub-fund, conducted","page_number":11,"box":{"x":512,"y":149,"width":450,"height":11}},{"id":"492d39e7-ea72-42e7-ae12-ced296d7696c","block_type":"box","text":"across multiple value assessment criteria, with conclusions","page_number":11,"box":{"x":512,"y":163,"width":450,"height":11}},{"id":"753f122e-1e22-46e8-918f-c75a950d5feb","block_type":"box","text":"published with regards to the value that is considered to have","page_number":11,"box":{"x":513,"y":177,"width":449,"height":11}},{"id":"844eb6f1-6bf1-42f7-a4c9-6a52a563f94f","block_type":"box","text":"been provided to investors. The latest report is available on","page_number":11,"box":{"x":513,"y":191,"width":449,"height":11}},{"id":"452f4efc-3951-4cd6-ad6f-6a26c47d842a","block_type":"box","text":"the Sarasin website at www.sarasinandpartners.com.","page_number":11,"box":{"x":512,"y":206,"width":393,"height":11}},{"id":"9a4d3190-674e-4f99-aaa1-0976f9d08505","block_type":"box","text":"ESG and TCFD Reporting Disclosures","page_number":11,"box":{"x":513,"y":232,"width":362,"height":13}},{"id":"7cb9685b-ee9b-4f09-a95d-0d38d04af790","block_type":"box","text":"We have produced and published a report for each","page_number":11,"box":{"x":512,"y":258,"width":450,"height":11}},{"id":"f25926db-2f44-4c33-98ba-99d6f534b9be","block_type":"box","text":"sub-fund which aim to help investors understand the impact","page_number":11,"box":{"x":512,"y":273,"width":450,"height":11}},{"id":"bc965802-96a2-4eeb-b7b4-ca038b23205f","block_type":"box","text":"of the sub-fund has on climate change by providing detailed","page_number":11,"box":{"x":512,"y":287,"width":450,"height":11}},{"id":"7020db45-1f73-4ed9-b510-7620852dcab2","block_type":"box","text":"climate-related information on the sub-fund’s investments in","page_number":11,"box":{"x":512,"y":301,"width":450,"height":9}},{"id":"24c16480-f159-4cf6-88e1-0e96e62b3b44","block_type":"box","text":"a manner consistent with the Task Force on Climate-Related","page_number":11,"box":{"x":512,"y":315,"width":450,"height":9}},{"id":"442cc828-0e68-4790-bf2b-1954b9bbf6c7","block_type":"box","text":"Financial Disclosures (TCFD).","page_number":11,"box":{"x":513,"y":330,"width":227,"height":11}},{"id":"279a0035-f4e7-45dd-b31d-a7fca2aa7058","block_type":"box","text":"We have also produced and published reports for various,","page_number":11,"box":{"x":512,"y":355,"width":450,"height":11}},{"id":"a0bc4147-61aa-42d3-ae63-098abe2cb6a1","block_type":"box","text":"in-scope, sub-funds which are designed to provide investors","page_number":11,"box":{"x":513,"y":369,"width":449,"height":11}},{"id":"d1ad89cc-be8e-4f8f-83a0-f42ab2028e5e","block_type":"box","text":"with details of their sustainability-related characteristics.","page_number":11,"box":{"x":512,"y":383,"width":450,"height":11}},{"id":"0a16079d-902e-40d6-a90f-e4526c46350e","block_type":"box","text":"They provide key metrics that investors may find useful in","page_number":11,"box":{"x":512,"y":397,"width":450,"height":12}},{"id":"72d1466b-41bd-4b2d-99cb-e5f74ca61aab","block_type":"box","text":"understanding each sub-fund’s sustainability characteristics","page_number":11,"box":{"x":513,"y":412,"width":449,"height":11}},{"id":"4bc0d6bf-1e6c-435d-a07f-c53bb1aa0470","block_type":"box","text":"or, where applicable, sustainability objectives. Annual","page_number":11,"box":{"x":512,"y":426,"width":450,"height":11}},{"id":"e94c8725-4f46-4053-b52b-a586172a1c11","block_type":"box","text":"data (where available) is provided to show how these","page_number":11,"box":{"x":512,"y":440,"width":450,"height":11}},{"id":"3d8607c3-2e2b-44a5-80ed-40319b10239d","block_type":"box","text":"characteristics have changed over time. These reports are","page_number":11,"box":{"x":512,"y":455,"width":450,"height":11}},{"id":"43ee8659-301d-4241-8bec-66e6c62f8dd9","block_type":"box","text":"produced in compliance with the regulatory requirement to","page_number":11,"box":{"x":513,"y":469,"width":449,"height":11}},{"id":"e87c85fb-9fb4-44d5-9b01-7968134d8223","block_type":"box","text":"publish product-level disclosures under the Sustainability","page_number":11,"box":{"x":513,"y":483,"width":449,"height":11}},{"id":"d4a68436-2265-4c7c-91cd-aeea88a9d10c","block_type":"box","text":"Disclosure Requirements (SDR).","page_number":11,"box":{"x":513,"y":497,"width":247,"height":11}},{"id":"aff852db-3b17-490c-a3cd-80c940fac9a7","block_type":"box","text":"These reports can be found on each sub-fund’s page of our","page_number":11,"box":{"x":512,"y":522,"width":450,"height":11}},{"id":"f0d14779-5fcb-4085-8a0d-b913fe10797d","block_type":"box","text":"website at www.sarasinandpartners.com/individual/funds/.","page_number":11,"box":{"x":512,"y":536,"width":428,"height":11}},{"id":"c92ec58b-da6a-43cc-baf3-71751c886652","block_type":"box","text":"Investment Themes (continued)","page_number":11,"box":{"x":43,"y":79,"width":301,"height":14}},{"id":"31ab26c6-5af4-4a7a-bd68-1af1531dcab8","block_type":"box","text":"11","page_number":12,"box":{"x":493,"y":972,"width":12,"height":8}},{"id":"266a3d0c-7cb3-48cc-a658-ab48763e838c","block_type":"box","text":"SARASIN Funds ICVC","page_number":12,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"6019faef-3d12-402c-8900-a6d825209262","block_type":"box","text":"Fund Details","page_number":12,"box":{"x":43,"y":79,"width":119,"height":11}},{"id":"f57a284d-0787-44fc-9832-d3dc4a06b0e8","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":12,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"e0e8790a-4ffb-4a1c-b22f-b1a7d865f250","block_type":"box","text":"Thematic","page_number":12,"box":{"x":697,"y":122,"width":58,"height":7}},{"id":"6f1cd5e4-dcc7-45c4-bfac-d446ccba8da0","block_type":"box","text":"Global","page_number":12,"box":{"x":714,"y":133,"width":41,"height":7}},{"id":"5e81f9aa-a5da-45b8-8082-27ea3b93c98c","block_type":"box","text":"Equity","page_number":12,"box":{"x":716,"y":145,"width":39,"height":9}},{"id":"34a19fe0-e675-4431-8f1b-f7db59223f15","block_type":"box","text":"Global","page_number":12,"box":{"x":815,"y":122,"width":40,"height":7}},{"id":"4bcd7376-454f-4539-b186-071cc8f22583","block_type":"box","text":"Equity Real","page_number":12,"box":{"x":784,"y":134,"width":71,"height":8}},{"id":"d6748244-82ad-447a-af61-ba38bcdaee39","block_type":"box","text":"Return","page_number":12,"box":{"x":814,"y":145,"width":41,"height":7}},{"id":"8158a5e5-173d-4786-b270-6d4f5f5d1487","block_type":"box","text":"Responsible","page_number":12,"box":{"x":878,"y":122,"width":79,"height":9}},{"id":"4102146f-9e57-4f35-a83f-f828e9837b96","block_type":"box","text":"Global","page_number":12,"box":{"x":916,"y":133,"width":40,"height":7}},{"id":"74d9ca68-fadf-4b68-a494-8c5f514f314f","block_type":"box","text":"Equity","page_number":12,"box":{"x":917,"y":145,"width":40,"height":9}},{"id":"3090b780-116d-4941-b6ad-91e6228803e7","block_type":"box","text":"Launch Date","page_number":12,"box":{"x":43,"y":172,"width":99,"height":9}},{"id":"b068d081-0fa4-40d8-a3ad-95e94def24fc","block_type":"box","text":"1 Jul 94","page_number":12,"box":{"x":699,"y":172,"width":56,"height":9}},{"id":"4d2412f7-a381-4a93-868d-1f4109cf088e","block_type":"box","text":"8 May 06","page_number":12,"box":{"x":788,"y":172,"width":68,"height":11}},{"id":"7fcbfac2-821d-44f1-bd06-d703403ddae9","block_type":"box","text":"1 Jun 11","page_number":12,"box":{"x":896,"y":172,"width":58,"height":9}},{"id":"55735b8a-49a0-4c6d-b6d5-c7e8acfe84c5","block_type":"box","text":"Annual Charges","page_number":12,"box":{"x":42,"y":199,"width":128,"height":11}},{"id":"a6ed3a16-1fd9-41db-80e7-59c1f46f740f","block_type":"box","text":"per share class","page_number":12,"box":{"x":43,"y":214,"width":120,"height":11}},{"id":"80289da1-9a6a-4ae5-9af7-233236b8063d","block_type":"box","text":"Investment Manager’s","page_number":12,"box":{"x":43,"y":241,"width":174,"height":11}},{"id":"294d1e6d-29d6-443a-ac96-be6fdddb7bd4","block_type":"box","text":"Charge","page_number":12,"box":{"x":43,"y":255,"width":56,"height":11}},{"id":"e1f052ef-ca05-4794-9521-6420891124c9","block_type":"box","text":"A Class","page_number":12,"box":{"x":598,"y":255,"width":56,"height":9}},{"id":"2ef65c88-a9a6-4892-8291-93e931116b18","block_type":"box","text":"1.50%","page_number":12,"box":{"x":710,"y":255,"width":45,"height":9}},{"id":"37a49fcd-356a-4892-84f8-a92a9c3bdc55","block_type":"box","text":"1.50%","page_number":12,"box":{"x":811,"y":255,"width":44,"height":9}},{"id":"441a39fa-5044-4018-92f3-9b25bd31a165","block_type":"box","text":"1.50%","page_number":12,"box":{"x":911,"y":255,"width":45,"height":9}},{"id":"e2c5c5b3-b558-45ca-9352-0f2530caf857","block_type":"box","text":"D Class","page_number":12,"box":{"x":597,"y":269,"width":57,"height":9}},{"id":"ff9cc701-a7e9-4f61-ab4e-0b880d6eb6f6","block_type":"box","text":"0.50%","page_number":12,"box":{"x":709,"y":269,"width":46,"height":9}},{"id":"e2009481-e7bd-4e53-9b32-bfb3302e8aac","block_type":"box","text":"0.50%","page_number":12,"box":{"x":809,"y":269,"width":46,"height":9}},{"id":"932947a4-91a7-4114-8b41-30c196df9959","block_type":"box","text":"0.50%","page_number":12,"box":{"x":910,"y":269,"width":46,"height":9}},{"id":"52a48ca1-19c1-44d3-93e6-40a8623a66b4","block_type":"box","text":"D (GBP Hedged) Class","page_number":12,"box":{"x":483,"y":282,"width":171,"height":12}},{"id":"51e8ac3a-0d5e-471a-bbd9-b015d8a7d7b4","block_type":"box","text":"0.50%","page_number":12,"box":{"x":709,"y":282,"width":46,"height":10}},{"id":"3a4f146d-cd16-4151-b25d-121113e3e0f6","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":282,"width":26,"height":9}},{"id":"1cedbb83-328f-441d-b8ea-741f3057e383","block_type":"box","text":"0.50%","page_number":12,"box":{"x":910,"y":282,"width":46,"height":10}},{"id":"31cda39b-4639-4a79-afed-161d7731ddca","block_type":"box","text":"F Class","page_number":12,"box":{"x":599,"y":296,"width":55,"height":9}},{"id":"944ccefa-11ae-40bd-98f0-af16a243cfd3","block_type":"box","text":"1.00%","page_number":12,"box":{"x":710,"y":296,"width":45,"height":9}},{"id":"575c2e5b-8c81-4c2f-84f8-f289581d377f","block_type":"box","text":"1.00%","page_number":12,"box":{"x":811,"y":296,"width":44,"height":9}},{"id":"f4e3df08-83d3-4976-bcb1-c94fd2b45b99","block_type":"box","text":"1.00%","page_number":12,"box":{"x":911,"y":296,"width":45,"height":9}},{"id":"cfa35813-de4a-4240-b8dc-e310f7663c94","block_type":"box","text":"I Class","page_number":12,"box":{"x":605,"y":310,"width":49,"height":9}},{"id":"a6a62997-f9a4-4aae-a8b4-1c328f894900","block_type":"box","text":"0.85%","page_number":12,"box":{"x":709,"y":310,"width":46,"height":9}},{"id":"fb687ace-f9e6-4d42-b16f-ab98e64e4caf","block_type":"box","text":"0.85%","page_number":12,"box":{"x":809,"y":310,"width":46,"height":9}},{"id":"3b60b945-651d-404d-9e10-e3110b7f2932","block_type":"box","text":"0.85%","page_number":12,"box":{"x":910,"y":310,"width":46,"height":9}},{"id":"a550b889-8be4-4c8d-80c1-7525afd53183","block_type":"box","text":"I (GBP Hedged) Class","page_number":12,"box":{"x":491,"y":324,"width":163,"height":11}},{"id":"1f14f84b-8e7b-4db4-93b5-c2251ad83684","block_type":"box","text":"0.85%","page_number":12,"box":{"x":709,"y":324,"width":46,"height":9}},{"id":"2df85fd0-3afb-41a2-8066-f7b7365ea008","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":324,"width":26,"height":9}},{"id":"6786bfda-c37b-4d86-8a98-125e546737fe","block_type":"box","text":"0.85%","page_number":12,"box":{"x":910,"y":324,"width":46,"height":9}},{"id":"8ce34723-d243-4047-8b8c-2387abe9bcbb","block_type":"box","text":"P Class","page_number":12,"box":{"x":599,"y":338,"width":55,"height":9}},{"id":"6dae7e7b-3541-4a9d-b764-02bd34b922a0","block_type":"box","text":"0.75%","page_number":12,"box":{"x":709,"y":338,"width":46,"height":9}},{"id":"3f9cb162-b561-4489-8f2f-51f7706ec387","block_type":"box","text":"0.75%","page_number":12,"box":{"x":809,"y":338,"width":46,"height":9}},{"id":"43d41ba2-a659-4669-b62e-d7b4c709b944","block_type":"box","text":"0.75%","page_number":12,"box":{"x":910,"y":338,"width":46,"height":9}},{"id":"cd9fa693-9f9e-456f-97f8-29ccf6a52b18","block_type":"box","text":"P (GBP Hedged) Class","page_number":12,"box":{"x":484,"y":351,"width":170,"height":12}},{"id":"47e923dc-df88-4b5e-a93c-e95f18f5cf96","block_type":"box","text":"0.75%","page_number":12,"box":{"x":709,"y":351,"width":46,"height":9}},{"id":"5b52ec04-4b87-4cc2-8343-4f97708bae02","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":351,"width":26,"height":9}},{"id":"37f29cc3-086f-4821-9c0d-ff5742295f54","block_type":"box","text":"0.75%","page_number":12,"box":{"x":910,"y":351,"width":46,"height":9}},{"id":"cfe33fd6-262b-41a6-b2d6-9e633f493861","block_type":"box","text":"V Class","page_number":12,"box":{"x":597,"y":365,"width":57,"height":9}},{"id":"8e245bb3-d8e2-4dc7-a998-0f9fb5d7ee7e","block_type":"box","text":"0.40%","page_number":12,"box":{"x":709,"y":365,"width":46,"height":9}},{"id":"49acee8f-d022-45b2-bc45-380cc67258cc","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":365,"width":26,"height":9}},{"id":"f84ceb49-bdf9-4de6-9027-2898af1cfe76","block_type":"box","text":"0.40%","page_number":12,"box":{"x":910,"y":365,"width":46,"height":9}},{"id":"832272cc-6275-4ede-8132-4e8ea7734580","block_type":"box","text":"X Class","page_number":12,"box":{"x":597,"y":379,"width":57,"height":9}},{"id":"183c284b-89b7-42ab-96fe-45dd82f2e8bc","block_type":"box","text":"1.35%","page_number":12,"box":{"x":710,"y":379,"width":45,"height":9}},{"id":"f7673df1-47a7-46c9-945c-a6cff9b0cbfb","block_type":"box","text":"1.35%","page_number":12,"box":{"x":811,"y":379,"width":44,"height":9}},{"id":"a1da5edb-1e57-41f4-b7ae-936f60546baa","block_type":"box","text":"1.35%","page_number":12,"box":{"x":911,"y":379,"width":45,"height":9}},{"id":"68030fd7-fe74-43a1-80de-6ccadbabb798","block_type":"box","text":"X (GBP Hedged) Class","page_number":12,"box":{"x":483,"y":393,"width":171,"height":11}},{"id":"0582b2dc-e8cb-461b-89e9-a693c01159f2","block_type":"box","text":"1.35%","page_number":12,"box":{"x":710,"y":393,"width":45,"height":9}},{"id":"285692e6-b294-43c7-8b93-642de009ad03","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":393,"width":26,"height":9}},{"id":"4558f1d7-957a-4c07-8796-eedcbf9f03c5","block_type":"box","text":"1.35%","page_number":12,"box":{"x":911,"y":393,"width":45,"height":9}},{"id":"de53a71b-fc88-468b-bc04-1afabe609521","block_type":"box","text":"Z Class","page_number":12,"box":{"x":598,"y":407,"width":56,"height":8}},{"id":"ce837ed0-e7f1-4efe-8984-b0aedb1ad07d","block_type":"box","text":"0.00%","page_number":12,"box":{"x":709,"y":407,"width":46,"height":9}},{"id":"e1a784a1-7455-4611-b7b8-4460265381ea","block_type":"box","text":"0.00%","page_number":12,"box":{"x":809,"y":407,"width":46,"height":9}},{"id":"5c76af99-43df-48af-8c9e-7a06cee4c26f","block_type":"box","text":"0.00%","page_number":12,"box":{"x":910,"y":407,"width":46,"height":9}},{"id":"4233a929-93d6-49ce-848d-6829f1a67f31","block_type":"box","text":"Z (GBP Hedged) Class","page_number":12,"box":{"x":484,"y":420,"width":170,"height":12}},{"id":"005f6fc8-c0ba-447f-91db-19189fb72e63","block_type":"box","text":"0.00%","page_number":12,"box":{"x":709,"y":420,"width":46,"height":9}},{"id":"2776b88d-e36a-480e-b3e7-b0a9d1011902","block_type":"box","text":"0.00%","page_number":12,"box":{"x":809,"y":420,"width":46,"height":9}},{"id":"430a06dd-2738-4060-a84a-f502989355ca","block_type":"box","text":"0.00%","page_number":12,"box":{"x":910,"y":420,"width":46,"height":9}},{"id":"b620c007-4174-4823-bd35-cb273ed9ebe4","block_type":"box","text":"V EUR Class","page_number":12,"box":{"x":557,"y":434,"width":97,"height":9}},{"id":"62e4fe80-e820-4b63-b384-65fd82b2574a","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":434,"width":27,"height":9}},{"id":"51321f9f-fdfd-400a-a463-1bfc99cda516","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":434,"width":26,"height":9}},{"id":"d0a19471-3f34-498e-b6cf-59dc567fc20e","block_type":"box","text":"0.40%","page_number":12,"box":{"x":910,"y":434,"width":46,"height":9}},{"id":"2b0e0e57-0574-4ce2-bf79-8d9efc1a2239","block_type":"box","text":"X EUR Class","page_number":12,"box":{"x":557,"y":448,"width":97,"height":9}},{"id":"aa9e51ea-3dc4-439c-a0ca-412adea0b93c","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":448,"width":27,"height":9}},{"id":"8eca2537-83c6-4691-b9f1-325ea6159830","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":448,"width":26,"height":9}},{"id":"5f8c91be-87b5-447e-9a61-1b9ffd37d31f","block_type":"box","text":"1.35%","page_number":12,"box":{"x":911,"y":448,"width":45,"height":9}},{"id":"cfb6b600-821d-436f-996f-156b858aec72","block_type":"box","text":"I USD Class","page_number":12,"box":{"x":565,"y":462,"width":89,"height":9}},{"id":"2e4cb790-9c40-4269-a9e7-5c1f4a2ead2f","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":462,"width":27,"height":9}},{"id":"874167f7-b572-45d6-9fab-0a4bf60d5873","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":462,"width":26,"height":9}},{"id":"67d5caec-f624-4f8e-b838-49d1a5e82c25","block_type":"box","text":"0.85%","page_number":12,"box":{"x":910,"y":462,"width":46,"height":9}},{"id":"3e04f39f-e9e7-45bc-a03f-78327edc87f9","block_type":"box","text":"Z USD Class","page_number":12,"box":{"x":558,"y":476,"width":96,"height":8}},{"id":"bd49de64-a39b-49ca-b283-4a2413fa2159","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":475,"width":27,"height":9}},{"id":"229ed6a1-f188-4115-81b6-7af5c12447b0","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":475,"width":26,"height":9}},{"id":"00038da1-3e5f-41b6-8313-9e8b9bcccdfa","block_type":"box","text":"0.00%","page_number":12,"box":{"x":910,"y":475,"width":46,"height":10}},{"id":"5451d047-39b2-4875-a638-27be2215be93","block_type":"box","text":"Fixed Rate Operating","page_number":12,"box":{"x":43,"y":503,"width":167,"height":11}},{"id":"62d65fcc-2e02-4832-94ec-2ff5dac8db57","block_type":"box","text":"Charge (FOC) (annual)","page_number":12,"box":{"x":43,"y":517,"width":177,"height":11}},{"id":"18d15b32-afa8-41e8-8f36-b2a7777ec5aa","block_type":"box","text":"FOC Tier 1 (£0-£300m sub-fund Net Asset","page_number":12,"box":{"x":43,"y":544,"width":333,"height":11}},{"id":"42c04f6a-1625-4069-92a8-6592cf483c5a","block_type":"box","text":"Value)","page_number":12,"box":{"x":42,"y":559,"width":48,"height":11}},{"id":"592e2d13-f1dd-44a7-b80f-829f52e293c5","block_type":"box","text":"A Class","page_number":12,"box":{"x":598,"y":558,"width":56,"height":9}},{"id":"d7d91ab1-bf72-4e9a-97ab-be55bc9b44f3","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":558,"width":46,"height":10}},{"id":"11572d0c-2961-46c5-b059-a4e9d3329e69","block_type":"box","text":"0.21%","page_number":12,"box":{"x":809,"y":558,"width":46,"height":10}},{"id":"d3299351-9ea1-4218-800e-e299978e803d","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":558,"width":46,"height":10}},{"id":"814a5276-2300-477b-b9d0-2cb3eb19700b","block_type":"box","text":"D Class","page_number":12,"box":{"x":597,"y":572,"width":57,"height":9}},{"id":"2ca3edd0-f332-47db-ac6f-b3b71e0f906c","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":572,"width":46,"height":9}},{"id":"a0358c51-2521-41ac-bd39-5d541ce9f39d","block_type":"box","text":"0.21%","page_number":12,"box":{"x":809,"y":572,"width":46,"height":9}},{"id":"23d1e786-d36a-44c3-9835-2de24eaace33","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":572,"width":46,"height":9}},{"id":"233f432f-839c-4184-9065-8f64e5cc5ee0","block_type":"box","text":"D (GBP Hedged) Class","page_number":12,"box":{"x":483,"y":586,"width":171,"height":11}},{"id":"5e8cb22c-c85a-4a4e-9dc3-52e1dd846b01","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":586,"width":46,"height":9}},{"id":"cbc5abfb-6d25-4397-9056-93923b25e59e","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":586,"width":26,"height":9}},{"id":"9d5bcd03-12de-4339-a1e1-d49d1e3c9cbe","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":586,"width":46,"height":9}},{"id":"8b67546b-3e86-43b7-ba1f-d0103a8da99a","block_type":"box","text":"F Class","page_number":12,"box":{"x":599,"y":600,"width":55,"height":9}},{"id":"798eba65-140e-4424-900c-177a9a617c49","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":600,"width":46,"height":9}},{"id":"f19d69be-037d-4b33-84b5-308936e83118","block_type":"box","text":"0.21%","page_number":12,"box":{"x":809,"y":600,"width":46,"height":9}},{"id":"8d6623fd-ffd7-471f-be74-e8f062eecda5","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":600,"width":46,"height":9}},{"id":"13cdd74f-6074-47c4-9348-859fe3cd3538","block_type":"box","text":"I Class","page_number":12,"box":{"x":605,"y":614,"width":49,"height":9}},{"id":"4f933474-525b-443b-9aca-271a137dcbb7","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":614,"width":46,"height":9}},{"id":"ffaaa3a6-6dac-4957-b7ab-d4431b177fdf","block_type":"box","text":"0.21%","page_number":12,"box":{"x":809,"y":614,"width":46,"height":9}},{"id":"042edc55-21e3-468f-bbbb-5faef2af8538","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":614,"width":46,"height":9}},{"id":"d18c6261-a05c-4486-ad5e-b67c13058f84","block_type":"box","text":"I (GBP Hedged) Class","page_number":12,"box":{"x":491,"y":627,"width":163,"height":12}},{"id":"e8b75072-4d42-4b21-822d-99864e82a981","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":627,"width":46,"height":9}},{"id":"cccde34e-3dbe-437a-9b50-348292d406ed","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":627,"width":26,"height":9}},{"id":"d1f3ca72-620e-4101-a660-da832b5f158b","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":627,"width":46,"height":9}},{"id":"a11aa9f5-c391-4255-95fd-b8eaecd6e2ff","block_type":"box","text":"P Class","page_number":12,"box":{"x":599,"y":641,"width":55,"height":9}},{"id":"8bf76a84-b7e1-4084-96e9-8abd37c92de9","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":641,"width":46,"height":9}},{"id":"b93a16e4-85fa-4968-9c45-8af86c30e305","block_type":"box","text":"0.21%","page_number":12,"box":{"x":809,"y":641,"width":46,"height":9}},{"id":"1b964ebe-c072-4f64-bd7d-b25614e99f19","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":641,"width":46,"height":9}},{"id":"b4105ee7-f0e8-44e0-bda7-7543c981b4ff","block_type":"box","text":"P (GBP Hedged) Class","page_number":12,"box":{"x":484,"y":655,"width":170,"height":11}},{"id":"2c5035f4-c731-48ba-b29b-977c88a48cad","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":655,"width":46,"height":9}},{"id":"5d2d5872-a34b-464e-b472-23c9e0340133","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":655,"width":26,"height":9}},{"id":"62fbe219-4ac9-4b65-b921-fecee952f7a1","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":655,"width":46,"height":9}},{"id":"233325e8-b29a-43e7-b166-366145e7a5be","block_type":"box","text":"V Class","page_number":12,"box":{"x":597,"y":670,"width":57,"height":8}},{"id":"46fda9f0-6551-4856-992a-d841f105cb48","block_type":"box","text":"0.15%","page_number":12,"box":{"x":709,"y":669,"width":46,"height":9}},{"id":"bbb438f0-58bd-4a8f-aaaf-2771ce80f33a","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":669,"width":26,"height":9}},{"id":"13c7495a-e811-4334-9fa8-beb29265d317","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":669,"width":46,"height":10}},{"id":"e6bf4aba-83ef-4880-be60-e385abfdb69e","block_type":"box","text":"X Class","page_number":12,"box":{"x":597,"y":684,"width":57,"height":9}},{"id":"6a0c6fff-d2f6-4f20-8c17-77872a4688c4","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":684,"width":46,"height":9}},{"id":"586b9351-0ef2-4408-a0c5-4df74559e32a","block_type":"box","text":"0.21%","page_number":12,"box":{"x":809,"y":684,"width":46,"height":9}},{"id":"d6996f22-7598-483d-b09e-84d07921ef20","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":684,"width":46,"height":9}},{"id":"176c6b04-5c99-4d7a-bf63-bc1103c66d87","block_type":"box","text":"X (GBP Hedged) Class","page_number":12,"box":{"x":483,"y":698,"width":171,"height":11}},{"id":"4ebc05c3-fde8-4a96-a672-79652b190036","block_type":"box","text":"0.21%","page_number":12,"box":{"x":709,"y":698,"width":46,"height":9}},{"id":"82ad7686-ac61-49b3-89cd-6fbdaff20532","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":698,"width":26,"height":9}},{"id":"a172f3ed-095f-4e0a-85f2-f5d60eef4919","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":698,"width":46,"height":9}},{"id":"2e6f9fcb-1ef6-43d0-bc2f-87301f24d588","block_type":"box","text":"Z Class","page_number":12,"box":{"x":598,"y":712,"width":56,"height":8}},{"id":"abf135e9-bcaf-4ed9-a907-07c0cc08891e","block_type":"box","text":"0.18%","page_number":12,"box":{"x":709,"y":712,"width":46,"height":9}},{"id":"8891d6c9-9016-42a2-a29d-50dd2021a62e","block_type":"box","text":"0.18%","page_number":12,"box":{"x":809,"y":712,"width":46,"height":9}},{"id":"aa83759e-2d8f-47c2-8b1a-6e53053241aa","block_type":"box","text":"0.18%","page_number":12,"box":{"x":910,"y":712,"width":46,"height":9}},{"id":"6bae0612-eaec-4fcc-96de-e366138e98a3","block_type":"box","text":"Z (GBP Hedged) Class","page_number":12,"box":{"x":484,"y":725,"width":170,"height":12}},{"id":"27e6ac77-9d37-4b4f-aaa9-16cfbbaf3a7d","block_type":"box","text":"0.18%","page_number":12,"box":{"x":709,"y":725,"width":46,"height":9}},{"id":"9c6cfad6-8ac6-4b3c-a9a5-d29fca32a06d","block_type":"box","text":"0.18%","page_number":12,"box":{"x":809,"y":725,"width":46,"height":9}},{"id":"b60515f0-fb72-49b2-ab6c-4b1554a7467c","block_type":"box","text":"0.18%","page_number":12,"box":{"x":910,"y":725,"width":46,"height":9}},{"id":"aef5b002-ab78-4bdc-81b2-fd760c15ef7f","block_type":"box","text":"V EUR Class","page_number":12,"box":{"x":557,"y":739,"width":97,"height":9}},{"id":"78fc29de-037d-41b7-aa9e-46235359924c","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":739,"width":27,"height":9}},{"id":"2627dfd8-cbaf-4b3f-96cf-d340040b5295","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":739,"width":26,"height":9}},{"id":"00d7249a-2ba6-4cfa-935e-9ba416bcc021","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":739,"width":46,"height":9}},{"id":"ad9ac40e-e1f8-4b5f-a586-6a2e2c0be6a1","block_type":"box","text":"X EUR Class","page_number":12,"box":{"x":557,"y":753,"width":97,"height":9}},{"id":"8f376e3a-e009-45aa-8b4f-debc32bae652","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":753,"width":27,"height":9}},{"id":"42dcae99-f91e-4fc5-8c48-f818d6adcf3f","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":753,"width":26,"height":9}},{"id":"ae3e99c5-f1ce-43b0-9c14-11d562b29657","block_type":"box","text":"0.21%","page_number":12,"box":{"x":910,"y":753,"width":46,"height":9}},{"id":"8b92b733-ea5e-4227-bd3b-89d82f06e322","block_type":"box","text":"I USD Class","page_number":12,"box":{"x":565,"y":767,"width":89,"height":9}},{"id":"ca6f47c7-2030-41e3-8b7a-30e1b7f14e27","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":767,"width":27,"height":9}},{"id":"267058d5-aa9a-45bb-965c-a13d274d5d8b","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":767,"width":26,"height":9}},{"id":"5eedceb6-157e-4b8a-8be3-e1275cdc653f","block_type":"box","text":"0.15%","page_number":12,"box":{"x":910,"y":767,"width":46,"height":9}},{"id":"5d9e0e56-fce8-4227-b54a-b05aeaedcf95","block_type":"box","text":"Z USD Class","page_number":12,"box":{"x":558,"y":781,"width":96,"height":8}},{"id":"9f4d6523-0312-4431-8e19-65458492eada","block_type":"box","text":"N/A","page_number":12,"box":{"x":730,"y":780,"width":27,"height":9}},{"id":"4e1369cf-9133-445a-9c8e-4e6b625a4865","block_type":"box","text":"N/A","page_number":12,"box":{"x":831,"y":780,"width":26,"height":9}},{"id":"46e776eb-63e7-4bb4-a8e0-83fb0fa91495","block_type":"box","text":"0.18%","page_number":12,"box":{"x":910,"y":780,"width":46,"height":9}},{"id":"32e07d0b-7a4d-4021-8bae-5f53f402a8fd","block_type":"box","text":"12","page_number":13,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"3e68e8ef-0f0b-40ff-be54-92a042cbf5ef","block_type":"box","text":"13","page_number":13,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"b112fc71-dd96-486c-9d7e-32a34409047e","block_type":"box","text":"SARASIN Funds ICVC","page_number":13,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"7f0510d0-09f4-4895-89fa-28d009c9d57c","block_type":"box","text":"Fund Details (continued)","page_number":13,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"3f79a6b8-9868-4348-8c40-84a212956449","block_type":"box","text":"Thematic","page_number":13,"box":{"x":697,"y":107,"width":58,"height":7}},{"id":"d0b78853-aadd-489c-b272-4de3692947b3","block_type":"box","text":"Global","page_number":13,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"30f67a45-ef1c-434a-9c67-8bea64eff2cb","block_type":"box","text":"Equity","page_number":13,"box":{"x":716,"y":130,"width":39,"height":9}},{"id":"b9b187cb-e8f9-4cee-a321-7806affb9a8c","block_type":"box","text":"Global","page_number":13,"box":{"x":815,"y":107,"width":40,"height":7}},{"id":"a38f3710-92c6-43cf-ba7f-0b351b5853c4","block_type":"box","text":"Equity Real","page_number":13,"box":{"x":784,"y":119,"width":71,"height":8}},{"id":"57f93710-e50e-48db-8e05-9d26713c0c25","block_type":"box","text":"Return","page_number":13,"box":{"x":814,"y":130,"width":41,"height":7}},{"id":"8a6631c8-f60e-4832-a4b4-c2f1430981bb","block_type":"box","text":"Responsible","page_number":13,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"1ea562ed-51e7-4fae-a07d-13e71d0d47fd","block_type":"box","text":"Global","page_number":13,"box":{"x":916,"y":118,"width":40,"height":7}},{"id":"fe10a47c-6668-4f09-9166-877dd4f537ee","block_type":"box","text":"Equity","page_number":13,"box":{"x":917,"y":130,"width":40,"height":9}},{"id":"0001aaa1-30b8-4ede-901b-8ed7773017e2","block_type":"box","text":"Fixed Rate Operating","page_number":13,"box":{"x":43,"y":157,"width":167,"height":11}},{"id":"b89ec3e2-07a9-4527-915c-6c73beccfd6d","block_type":"box","text":"Charge (FOC) (annual) (continued)","page_number":13,"box":{"x":43,"y":171,"width":273,"height":11}},{"id":"783f7d48-7e88-4e65-950e-e9f966cfa184","block_type":"box","text":"FOC Tier 2 (£300m-£600m sub-fund","page_number":13,"box":{"x":43,"y":199,"width":279,"height":11}},{"id":"ee087e5e-5ff0-4192-b4a8-48965f4849c1","block_type":"box","text":"Net Asset Value)","page_number":13,"box":{"x":43,"y":213,"width":129,"height":11}},{"id":"18b72874-3d77-49df-9cce-8f69ca5dacaf","block_type":"box","text":"A Class","page_number":13,"box":{"x":598,"y":213,"width":56,"height":9}},{"id":"b509b717-e0c1-423c-979f-23b5004bb863","block_type":"box","text":"0.16%","page_number":13,"box":{"x":709,"y":213,"width":46,"height":9}},{"id":"3f5a1399-6abf-41aa-a818-298ea69c58c2","block_type":"box","text":"0.16%","page_number":13,"box":{"x":809,"y":213,"width":46,"height":9}},{"id":"9e040e08-dc15-4b89-bdf6-6826a2d496bf","block_type":"box","text":"0.16%","page_number":13,"box":{"x":910,"y":213,"width":46,"height":9}},{"id":"62c5ae5d-c711-47a8-874d-9a51e464907c","block_type":"box","text":"D Class","page_number":13,"box":{"x":597,"y":227,"width":57,"height":8}},{"id":"abb4f7c0-1069-487f-9f12-a4495a45ec7b","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":226,"width":46,"height":10}},{"id":"54efc27d-c4f8-421a-8fb2-00e97139ccb7","block_type":"box","text":"0.21%","page_number":13,"box":{"x":809,"y":226,"width":46,"height":10}},{"id":"837443ee-f094-4689-9707-8397eea1ea1e","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":226,"width":46,"height":10}},{"id":"de75bc2e-30d6-4d81-9e52-19328bbc2680","block_type":"box","text":"D (GBP Hedged) Class","page_number":13,"box":{"x":483,"y":240,"width":171,"height":12}},{"id":"895d4bf7-334a-4851-8bc7-4d9182df7364","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":240,"width":46,"height":9}},{"id":"09da01cc-6f27-4fc6-bf46-e4ab6347fb1c","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"2ba91eaa-95c6-4a47-9037-2a73fe106a11","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":240,"width":46,"height":9}},{"id":"59d6f92a-52e2-4a76-aa76-45b48aa6a80b","block_type":"box","text":"F Class","page_number":13,"box":{"x":599,"y":254,"width":55,"height":9}},{"id":"ec7c01a3-a519-49e4-bcdf-947f73340f3e","block_type":"box","text":"0.16%","page_number":13,"box":{"x":709,"y":254,"width":46,"height":9}},{"id":"e11d4cc6-177e-4382-9916-b0b67332b91a","block_type":"box","text":"0.16%","page_number":13,"box":{"x":809,"y":254,"width":46,"height":9}},{"id":"30cdbc05-b3b7-4288-a878-2891c8a4158c","block_type":"box","text":"0.16%","page_number":13,"box":{"x":910,"y":254,"width":46,"height":9}},{"id":"844b96a5-2e20-4e3a-b085-fc106c67a90a","block_type":"box","text":"I Class","page_number":13,"box":{"x":605,"y":268,"width":49,"height":9}},{"id":"47eef456-954d-40ae-bfbc-ea23a39ec935","block_type":"box","text":"0.16%","page_number":13,"box":{"x":709,"y":268,"width":46,"height":9}},{"id":"fff3e392-1c45-422b-8463-efadc44f14d1","block_type":"box","text":"0.16%","page_number":13,"box":{"x":809,"y":268,"width":46,"height":9}},{"id":"538e594f-f654-46b2-845a-747e5e196cf6","block_type":"box","text":"0.10%","page_number":13,"box":{"x":910,"y":268,"width":46,"height":9}},{"id":"dce93ea8-e284-4080-98cd-4859030527f5","block_type":"box","text":"I (GBP Hedged) Class","page_number":13,"box":{"x":491,"y":282,"width":163,"height":11}},{"id":"362ae9fa-a940-4869-a4d6-39d13b167f1d","block_type":"box","text":"0.16%","page_number":13,"box":{"x":709,"y":282,"width":46,"height":9}},{"id":"2cbcf7bb-34dc-4ed1-8604-fef381534437","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":282,"width":26,"height":9}},{"id":"d26f5c24-ecf6-42ba-9d02-1a8155741314","block_type":"box","text":"0.10%","page_number":13,"box":{"x":910,"y":282,"width":46,"height":9}},{"id":"f940b07c-1188-4358-ae56-2a7c0da8d74e","block_type":"box","text":"P Class","page_number":13,"box":{"x":599,"y":296,"width":55,"height":8}},{"id":"b23a2045-1237-49a3-b236-b9be93584732","block_type":"box","text":"0.16%","page_number":13,"box":{"x":709,"y":295,"width":46,"height":9}},{"id":"d7b12db1-6a67-4f56-9661-633c1bcefe23","block_type":"box","text":"0.16%","page_number":13,"box":{"x":809,"y":295,"width":46,"height":9}},{"id":"3b2a16d9-50dd-4aa5-8a23-25f2f8e5168f","block_type":"box","text":"0.16%","page_number":13,"box":{"x":910,"y":295,"width":46,"height":9}},{"id":"cee67f26-3e98-4cf6-a572-96fd8e5b0ab6","block_type":"box","text":"P (GBP Hedged) Class","page_number":13,"box":{"x":484,"y":309,"width":170,"height":11}},{"id":"8f76b26e-2478-45a9-89b6-2a1db8001891","block_type":"box","text":"0.16%","page_number":13,"box":{"x":709,"y":309,"width":46,"height":9}},{"id":"41978c63-21da-4548-8546-53bb8ff9ed1c","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"21b9cc8c-fb28-4cf2-9276-864d27bfa1de","block_type":"box","text":"0.16%","page_number":13,"box":{"x":910,"y":309,"width":46,"height":9}},{"id":"3ecf52b9-dfb4-4e92-a171-3bead0098fe0","block_type":"box","text":"V Class","page_number":13,"box":{"x":597,"y":323,"width":57,"height":9}},{"id":"6f1a683e-e1b5-4c96-bffe-773e8333240a","block_type":"box","text":"0.15%","page_number":13,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"81a63e85-f0ae-4006-a3a9-f6efbb50de5e","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":323,"width":26,"height":9}},{"id":"6fce3320-3c9a-4c0c-a51e-fd5e40d8a10e","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":323,"width":46,"height":9}},{"id":"4b03bffc-5ced-4e20-9fbe-6e0b7b7e4b72","block_type":"box","text":"X Class","page_number":13,"box":{"x":597,"y":337,"width":57,"height":9}},{"id":"e5235de0-7c8c-4894-a196-7f8b4cbf2af5","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":337,"width":46,"height":9}},{"id":"c267eb94-a372-4267-9255-44189f79c844","block_type":"box","text":"0.21%","page_number":13,"box":{"x":809,"y":337,"width":46,"height":9}},{"id":"23030a62-f80f-4226-9275-a32ad756e66a","block_type":"box","text":"0.21%","page_number":13,"box":{"x":910,"y":337,"width":46,"height":9}},{"id":"0a86969e-6c9b-42a1-a5f3-9be9e222a418","block_type":"box","text":"X (GBP Hedged) Class","page_number":13,"box":{"x":483,"y":351,"width":171,"height":11}},{"id":"f0a33105-81da-4a1b-80dc-9910d392fb5b","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":351,"width":46,"height":9}},{"id":"d201b457-26ed-481a-a232-aa436ce907fd","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":351,"width":26,"height":8}},{"id":"2510228c-a904-49bb-bef6-30468c51f4a6","block_type":"box","text":"0.21%","page_number":13,"box":{"x":910,"y":351,"width":46,"height":9}},{"id":"4047327c-0d22-48e6-aea3-9810543ea842","block_type":"box","text":"Z Class","page_number":13,"box":{"x":598,"y":364,"width":56,"height":9}},{"id":"c4ead856-17a3-49d3-8c27-dfb0ebbcafc3","block_type":"box","text":"0.18%","page_number":13,"box":{"x":709,"y":364,"width":46,"height":9}},{"id":"b4a4bafe-2740-4b1e-9804-6614453d853e","block_type":"box","text":"0.18%","page_number":13,"box":{"x":809,"y":364,"width":46,"height":9}},{"id":"316ba76a-851a-431b-b500-fa1153c24bbd","block_type":"box","text":"0.18%","page_number":13,"box":{"x":910,"y":364,"width":46,"height":9}},{"id":"8d52e771-a84c-47fe-8e7d-b70ceaaa1fb9","block_type":"box","text":"Z (GBP Hedged) Class","page_number":13,"box":{"x":484,"y":378,"width":170,"height":11}},{"id":"70433b62-0f5d-48c2-9f02-0882d69dcfa6","block_type":"box","text":"0.18%","page_number":13,"box":{"x":709,"y":378,"width":46,"height":9}},{"id":"25285eae-edb4-44f0-8c30-1e1ae6378f1c","block_type":"box","text":"0.18%","page_number":13,"box":{"x":809,"y":378,"width":46,"height":9}},{"id":"1afd81ff-4c7f-4f64-8760-1941c7e66744","block_type":"box","text":"0.18%","page_number":13,"box":{"x":910,"y":378,"width":46,"height":9}},{"id":"51fcf9c9-7232-4979-960d-1d1b4f1bda60","block_type":"box","text":"V EUR Class","page_number":13,"box":{"x":557,"y":392,"width":97,"height":9}},{"id":"82384cdf-70df-435e-be5b-f66dccbcb34f","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":392,"width":27,"height":9}},{"id":"7552a5a6-ebb8-4874-8a37-3f1d98f146c6","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"5f86e8bd-05ca-42c2-a72f-b336c333ad0f","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":392,"width":46,"height":9}},{"id":"ebec69b9-9b3f-4eec-b878-8045c7a59bf1","block_type":"box","text":"X EUR Class","page_number":13,"box":{"x":557,"y":406,"width":97,"height":9}},{"id":"0cde8074-b96d-4dc4-8d44-e9b180282555","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":406,"width":27,"height":9}},{"id":"2191c7db-a57c-4b72-b04e-deac688cc07a","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":406,"width":26,"height":9}},{"id":"5e0d65c8-bb39-4a79-9e29-0ba7dda8e36e","block_type":"box","text":"0.21%","page_number":13,"box":{"x":910,"y":406,"width":46,"height":9}},{"id":"bc1f26a8-7505-425b-a853-17754208fb88","block_type":"box","text":"I USD Class","page_number":13,"box":{"x":565,"y":420,"width":89,"height":8}},{"id":"3d482c7d-b647-42c9-a087-edadb64659eb","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":419,"width":27,"height":9}},{"id":"f2759507-184c-4509-9aea-6923a79556c7","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"97f5ae1f-befc-4a4b-9b09-741c4a178f73","block_type":"box","text":"0.10%","page_number":13,"box":{"x":910,"y":419,"width":46,"height":10}},{"id":"0e9a8152-4556-4936-b282-4813f6e78e09","block_type":"box","text":"Z USD Class","page_number":13,"box":{"x":558,"y":433,"width":96,"height":9}},{"id":"e1f5c40e-53e7-4b46-beb7-e6c9962b5975","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":433,"width":27,"height":9}},{"id":"217525c2-01d9-4e03-9bb1-90cc19c9ab22","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"0221ec3b-2047-46aa-8f8a-c12ab456309f","block_type":"box","text":"0.18%","page_number":13,"box":{"x":910,"y":433,"width":46,"height":9}},{"id":"77ee1123-447f-4e70-916d-e89194907d1b","block_type":"box","text":"FOC Tier 3 (£600m+ sub-fund","page_number":13,"box":{"x":43,"y":461,"width":231,"height":11}},{"id":"2fe62ef7-6bb1-4e59-8193-d45b0551c2fd","block_type":"box","text":"Net Asset Value)","page_number":13,"box":{"x":43,"y":475,"width":129,"height":11}},{"id":"a01c6202-f847-4548-b669-3f7dd669f365","block_type":"box","text":"A Class","page_number":13,"box":{"x":598,"y":475,"width":56,"height":9}},{"id":"e6849582-22d7-477d-bdd7-fcea41153214","block_type":"box","text":"0.11%","page_number":13,"box":{"x":710,"y":475,"width":45,"height":9}},{"id":"accd753f-f76a-46ba-ab4f-c9a9b917bbf4","block_type":"box","text":"0.11%","page_number":13,"box":{"x":811,"y":475,"width":44,"height":9}},{"id":"1bdf17d6-bd8a-4ede-9dff-9162e5228247","block_type":"box","text":"0.11%","page_number":13,"box":{"x":912,"y":475,"width":44,"height":9}},{"id":"ee560c7e-e493-4a5e-9ee7-cd054deb5580","block_type":"box","text":"D Class","page_number":13,"box":{"x":597,"y":489,"width":57,"height":8}},{"id":"8c1c78b7-0179-4346-8157-7e0a7e6e8c33","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":489,"width":46,"height":9}},{"id":"66e4c167-fdcd-4152-ab14-05d5a07d917f","block_type":"box","text":"0.21%","page_number":13,"box":{"x":809,"y":489,"width":46,"height":9}},{"id":"c3ef2763-e67d-4e7f-9efd-a6f6f9ec9b8d","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":489,"width":46,"height":9}},{"id":"dc1ef1df-d4ae-4da0-8fbf-20302a122033","block_type":"box","text":"D (GBP Hedged) Class","page_number":13,"box":{"x":483,"y":502,"width":171,"height":12}},{"id":"93f0409f-dc42-49ff-b1ed-5f9805c83736","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":502,"width":46,"height":9}},{"id":"808a6387-d9e0-4e44-9174-da1a8ada39ea","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"6bfb6ad9-8d0a-41a3-99f0-593c14908761","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":502,"width":46,"height":9}},{"id":"b6a68cc7-87af-4725-9c9a-076de57eb0a5","block_type":"box","text":"F Class","page_number":13,"box":{"x":599,"y":516,"width":55,"height":9}},{"id":"14807f45-bf3c-4368-9e65-acc6d737ab38","block_type":"box","text":"0.11%","page_number":13,"box":{"x":710,"y":516,"width":45,"height":9}},{"id":"afcf04be-868f-4ecc-8f4c-89dcf2bf47bc","block_type":"box","text":"0.11%","page_number":13,"box":{"x":811,"y":516,"width":44,"height":9}},{"id":"c82e2c77-1f76-47e5-afa3-81136f7658ad","block_type":"box","text":"0.11%","page_number":13,"box":{"x":912,"y":516,"width":44,"height":9}},{"id":"fd1a52f9-d179-4181-8a33-179bf26d9583","block_type":"box","text":"I Class","page_number":13,"box":{"x":605,"y":530,"width":49,"height":9}},{"id":"4eac29b9-819b-416f-b500-76a353c6ec79","block_type":"box","text":"0.11%","page_number":13,"box":{"x":710,"y":530,"width":45,"height":9}},{"id":"44e44a8e-28e1-405c-9044-eccb257a2d58","block_type":"box","text":"0.11%","page_number":13,"box":{"x":811,"y":530,"width":44,"height":9}},{"id":"61c8d1b4-f655-47da-86fa-58a1bf3aecd8","block_type":"box","text":"0.05%","page_number":13,"box":{"x":910,"y":530,"width":46,"height":9}},{"id":"9dde792c-cc0c-4a40-a27c-a2d02297c993","block_type":"box","text":"I (GBP Hedged) Class","page_number":13,"box":{"x":491,"y":544,"width":163,"height":11}},{"id":"76ca4008-bb0e-4137-91c3-fdfbdca18d48","block_type":"box","text":"0.11%","page_number":13,"box":{"x":710,"y":544,"width":45,"height":9}},{"id":"b921c46f-d4cc-463f-bea4-c700cf47f54b","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":544,"width":26,"height":9}},{"id":"b12e478e-92fc-4485-9371-761b7e6bea80","block_type":"box","text":"0.05%","page_number":13,"box":{"x":910,"y":544,"width":46,"height":9}},{"id":"33adfeba-5ce5-490e-8046-589c879d4635","block_type":"box","text":"P Class","page_number":13,"box":{"x":599,"y":558,"width":55,"height":8}},{"id":"c1814bed-b031-4555-8a1b-e2b3cd98485b","block_type":"box","text":"0.11%","page_number":13,"box":{"x":710,"y":557,"width":45,"height":10}},{"id":"d7870606-cb65-4016-bc43-77c62cbc2955","block_type":"box","text":"0.11%","page_number":13,"box":{"x":811,"y":557,"width":44,"height":10}},{"id":"97077b16-ac31-4c60-a134-a1dc3d3595ff","block_type":"box","text":"0.11%","page_number":13,"box":{"x":912,"y":557,"width":44,"height":10}},{"id":"c20ce9ea-472b-4b65-81a0-e2d64e3feb46","block_type":"box","text":"P (GBP Hedged) Class","page_number":13,"box":{"x":484,"y":571,"width":170,"height":11}},{"id":"d2f9ab52-81bd-426a-bd37-c8783b77b724","block_type":"box","text":"0.11%","page_number":13,"box":{"x":710,"y":571,"width":45,"height":9}},{"id":"b577692e-178e-4221-aec1-24a7615eb9de","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":571,"width":26,"height":9}},{"id":"07469e9d-3a3e-4bad-bb7e-654da876e81a","block_type":"box","text":"0.11%","page_number":13,"box":{"x":912,"y":571,"width":44,"height":9}},{"id":"d67be981-ba0a-4eed-9760-856cef4a1fb7","block_type":"box","text":"V Class","page_number":13,"box":{"x":597,"y":585,"width":57,"height":9}},{"id":"2946a94f-ed30-4a64-88b4-8a7eac9c3a5a","block_type":"box","text":"0.15%","page_number":13,"box":{"x":709,"y":585,"width":46,"height":9}},{"id":"2174ab13-aa42-418d-a426-61bc5cdd2fb8","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":585,"width":26,"height":9}},{"id":"c1f630fe-bc93-4bc1-a3c2-104d2b0667c1","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":585,"width":46,"height":9}},{"id":"ceeae441-51ca-4dc5-adcc-b5c07729e54c","block_type":"box","text":"X Class","page_number":13,"box":{"x":597,"y":599,"width":57,"height":9}},{"id":"8cd16973-a17c-4c2b-9899-a48f1e93c398","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":599,"width":46,"height":9}},{"id":"c38ed0b4-ca02-4b98-b5f6-445e5b1290a1","block_type":"box","text":"0.21%","page_number":13,"box":{"x":809,"y":599,"width":46,"height":9}},{"id":"dfc36231-aace-41fc-ab22-9f8704ec2c42","block_type":"box","text":"0.21%","page_number":13,"box":{"x":910,"y":599,"width":46,"height":9}},{"id":"b080c4c6-fce2-4429-8092-aaeedd8b43ed","block_type":"box","text":"X (GBP Hedged) Class","page_number":13,"box":{"x":483,"y":613,"width":171,"height":11}},{"id":"925fa676-0250-496c-a3b4-583c183203df","block_type":"box","text":"0.21%","page_number":13,"box":{"x":709,"y":613,"width":46,"height":9}},{"id":"7114bc70-68cb-4917-995b-5db57a9c1f8d","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":613,"width":26,"height":8}},{"id":"8343393b-fedb-442f-8912-74b29a5dab1b","block_type":"box","text":"0.21%","page_number":13,"box":{"x":910,"y":613,"width":46,"height":9}},{"id":"2bf826fd-fb18-44a2-8ab8-7036d96b1189","block_type":"box","text":"Z Class","page_number":13,"box":{"x":598,"y":626,"width":56,"height":9}},{"id":"da5c9780-1bc6-4953-b946-9df73b2f3a63","block_type":"box","text":"0.18%","page_number":13,"box":{"x":709,"y":626,"width":46,"height":9}},{"id":"c5d1af10-b08e-441c-af54-964172713c72","block_type":"box","text":"0.18%","page_number":13,"box":{"x":809,"y":626,"width":46,"height":9}},{"id":"304fc318-e2f8-4396-988c-48a16ef11c73","block_type":"box","text":"0.18%","page_number":13,"box":{"x":910,"y":626,"width":46,"height":9}},{"id":"f9cae6c8-0264-4152-a0b3-e4d79cbf4a92","block_type":"box","text":"Z (GBP Hedged) Class","page_number":13,"box":{"x":484,"y":640,"width":170,"height":11}},{"id":"57203c6f-7693-4a1f-9a50-0329adf555bf","block_type":"box","text":"0.18%","page_number":13,"box":{"x":709,"y":640,"width":46,"height":9}},{"id":"38288a96-b599-4f3b-995c-08d207b0378f","block_type":"box","text":"0.18%","page_number":13,"box":{"x":809,"y":640,"width":46,"height":9}},{"id":"aadb6d29-f2e6-4fd1-b3a4-8f50a1241789","block_type":"box","text":"0.18%","page_number":13,"box":{"x":910,"y":640,"width":46,"height":9}},{"id":"2721a223-8ffd-4ece-b9ff-4cfc487be07b","block_type":"box","text":"V EUR Class","page_number":13,"box":{"x":557,"y":654,"width":97,"height":9}},{"id":"77bc8c02-db23-46a7-8648-f86b326f547e","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":654,"width":27,"height":9}},{"id":"3b28991d-28b7-4e24-9504-94c885abb92c","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":654,"width":26,"height":9}},{"id":"81904e6e-c3c5-4bb5-a1cb-16613affbcd6","block_type":"box","text":"0.15%","page_number":13,"box":{"x":910,"y":654,"width":46,"height":9}},{"id":"3e9644f1-46aa-40c6-aa7a-2d47fbacd64c","block_type":"box","text":"X EUR Class","page_number":13,"box":{"x":557,"y":668,"width":97,"height":9}},{"id":"80199ecc-2866-4910-97c8-1cb3328dbbce","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":668,"width":27,"height":9}},{"id":"18d93ca8-4288-4dfc-b7cc-9163155d6936","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":668,"width":26,"height":9}},{"id":"b11bba07-b794-46dd-a9df-07c78e9baa33","block_type":"box","text":"0.21%","page_number":13,"box":{"x":910,"y":668,"width":46,"height":9}},{"id":"d54798fa-0cfd-475a-a133-ab168b04ec17","block_type":"box","text":"I USD Class","page_number":13,"box":{"x":565,"y":682,"width":89,"height":8}},{"id":"43547b99-7e8f-480b-96ad-3e72fcecc8c4","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":681,"width":27,"height":9}},{"id":"3c088b54-65f9-4173-99da-9c1f2b8f3256","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":681,"width":26,"height":9}},{"id":"074bdf73-0c14-4517-8f21-bf3ebe71c921","block_type":"box","text":"0.05%","page_number":13,"box":{"x":910,"y":681,"width":46,"height":10}},{"id":"9a0cd00b-d81c-4191-95ad-fbd4d61f7e54","block_type":"box","text":"Z USD Class","page_number":13,"box":{"x":558,"y":695,"width":96,"height":9}},{"id":"273e2d09-946d-47ea-ac5f-b2f1e05490a8","block_type":"box","text":"N/A","page_number":13,"box":{"x":730,"y":695,"width":27,"height":9}},{"id":"fbc63fff-bfa3-4eba-acc9-16837552d63a","block_type":"box","text":"N/A","page_number":13,"box":{"x":831,"y":695,"width":26,"height":9}},{"id":"4a43b45c-aff1-46a3-8e7a-7e6a1fe322a2","block_type":"box","text":"0.18%","page_number":13,"box":{"x":910,"y":695,"width":46,"height":9}},{"id":"2bf32848-d2e8-4750-b88e-1722a48b4d72","block_type":"box","text":"13","page_number":14,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"6788ab07-b667-4bc8-a2f0-bb1f7c90406d","block_type":"box","text":"SARASIN Funds ICVC","page_number":14,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"73405ee2-4fb3-4c09-82b1-d39205be1b4c","block_type":"box","text":"Fund Details (continued)","page_number":14,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"52b358d4-5bb7-4a5d-be9b-93ea2518fb68","block_type":"box","text":"Thematic","page_number":14,"box":{"x":697,"y":107,"width":58,"height":7}},{"id":"5573cbe6-2130-48a4-a8b8-1435b084ce45","block_type":"box","text":"Global","page_number":14,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"c2247e2c-e967-427d-8ed8-8a22ef419f5b","block_type":"box","text":"Equity","page_number":14,"box":{"x":716,"y":130,"width":39,"height":9}},{"id":"365d9eeb-0ab6-40de-9a33-908c348f8019","block_type":"box","text":"Global","page_number":14,"box":{"x":815,"y":107,"width":40,"height":7}},{"id":"f401ba77-7601-4ba3-b92d-fa4c39fad14a","block_type":"box","text":"Equity Real","page_number":14,"box":{"x":784,"y":119,"width":71,"height":8}},{"id":"2a5726f3-2a06-4e61-a253-dfc3b643669c","block_type":"box","text":"Return","page_number":14,"box":{"x":814,"y":130,"width":41,"height":7}},{"id":"ae502e72-8b3f-4085-a84a-de817dd1b269","block_type":"box","text":"Responsible","page_number":14,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"50e1b9a0-f5e9-433b-bbae-ca730c05ff48","block_type":"box","text":"Global","page_number":14,"box":{"x":916,"y":118,"width":40,"height":7}},{"id":"7d7bc8a4-1791-45aa-a77f-036a34a345a7","block_type":"box","text":"Equity","page_number":14,"box":{"x":917,"y":130,"width":40,"height":9}},{"id":"f058cb98-ec53-49d5-8579-3877acf1b2b4","block_type":"box","text":"Share Types","page_number":14,"box":{"x":42,"y":157,"width":98,"height":11}},{"id":"87ebca52-90fd-4d14-9d2f-3c2bb2ce2f07","block_type":"box","text":"Inc and Acc","page_number":14,"box":{"x":670,"y":157,"width":85,"height":9}},{"id":"959cf70a-1cd8-484b-aa97-0714c7c84e36","block_type":"box","text":"Inc and Acc","page_number":14,"box":{"x":771,"y":157,"width":85,"height":9}},{"id":"9b9d5749-2b53-410c-82a6-2d71d8d50a1b","block_type":"box","text":"Inc and Acc","page_number":14,"box":{"x":872,"y":157,"width":85,"height":9}},{"id":"cc1f14a9-299c-4f32-ae6d-0d9d9cf492a4","block_type":"box","text":"Minimum Initial","page_number":14,"box":{"x":43,"y":184,"width":120,"height":9}},{"id":"aeabe64f-08b2-487f-bb1f-3a835d05ba0a","block_type":"box","text":"Investment","page_number":14,"box":{"x":43,"y":199,"width":87,"height":8}},{"id":"7cb86e85-0e37-4ecd-9645-634c8d8db850","block_type":"box","text":"A Class","page_number":14,"box":{"x":598,"y":198,"width":56,"height":9}},{"id":"7f37bb9f-42f1-4a00-a789-002c4b10650b","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":198,"width":51,"height":11}},{"id":"70a24f98-d445-4d33-92cc-178978120da6","block_type":"box","text":"£1,000","page_number":14,"box":{"x":805,"y":198,"width":51,"height":11}},{"id":"4cf29e1e-2a6b-40fa-9d1f-15c3acab144d","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":198,"width":50,"height":11}},{"id":"b1ffe521-cbd3-4db9-afc7-b69629d64687","block_type":"box","text":"D Class","page_number":14,"box":{"x":597,"y":212,"width":57,"height":9}},{"id":"f3b4f449-71d6-4802-9bb5-40235f2f3530","block_type":"box","text":"£5,000,000","page_number":14,"box":{"x":672,"y":212,"width":83,"height":11}},{"id":"7e25cad8-9a54-4fb8-8471-173425d66e81","block_type":"box","text":"£5,000,000","page_number":14,"box":{"x":773,"y":212,"width":83,"height":11}},{"id":"e28f4d08-325e-4f95-b716-8c418d5fc68b","block_type":"box","text":"£5,000,000","page_number":14,"box":{"x":873,"y":212,"width":83,"height":11}},{"id":"8816c276-d2c6-41af-8bb2-323b47a92304","block_type":"box","text":"D (GBP Hedged) Class","page_number":14,"box":{"x":483,"y":226,"width":171,"height":11}},{"id":"78a5a4ad-ac26-4d91-ad18-ac1666a8c3d5","block_type":"box","text":"£5,000,000","page_number":14,"box":{"x":672,"y":226,"width":83,"height":10}},{"id":"fe0f2edb-948f-40c6-9f43-cb6811fe2ce0","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":226,"width":26,"height":9}},{"id":"a7468430-162f-4638-9aa7-b7075b37a095","block_type":"box","text":"£5,000,000","page_number":14,"box":{"x":873,"y":226,"width":83,"height":10}},{"id":"35cb293d-eef1-4c25-92ab-6c73a6a63555","block_type":"box","text":"F Class","page_number":14,"box":{"x":599,"y":240,"width":55,"height":9}},{"id":"df1ad321-c0f9-4df4-9d30-3e21317ac3b6","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":240,"width":51,"height":10}},{"id":"8435c399-e3f0-4d34-a5cd-e70949c5b57e","block_type":"box","text":"£1,000","page_number":14,"box":{"x":805,"y":240,"width":51,"height":10}},{"id":"d718afe0-0625-4e7d-ac38-220de705a974","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":240,"width":50,"height":10}},{"id":"814bf2be-b1f5-477c-b5ef-e5848e71a757","block_type":"box","text":"I Class","page_number":14,"box":{"x":605,"y":254,"width":49,"height":8}},{"id":"67bec6e4-c90e-423f-a108-db487df582af","block_type":"box","text":"£1,000,000","page_number":14,"box":{"x":672,"y":254,"width":83,"height":10}},{"id":"6460e891-0c71-4317-8b27-021eece4362d","block_type":"box","text":"£1,000,000","page_number":14,"box":{"x":773,"y":254,"width":83,"height":10}},{"id":"309abf16-d6ff-49d9-ac36-1da74e995308","block_type":"box","text":"£1,000,000","page_number":14,"box":{"x":873,"y":254,"width":83,"height":10}},{"id":"d8adb347-17ae-438e-a81e-11c618b7de01","block_type":"box","text":"I (GBP Hedged) Class","page_number":14,"box":{"x":491,"y":267,"width":163,"height":12}},{"id":"9f5e2ef6-7af8-408b-9ee1-b936a0bb6ebc","block_type":"box","text":"£1,000,000","page_number":14,"box":{"x":672,"y":267,"width":83,"height":11}},{"id":"9d352402-536a-4ded-829e-c4f0b79339e6","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":267,"width":26,"height":9}},{"id":"7f7a183d-ca9d-4c6a-9dfa-6c07606403ab","block_type":"box","text":"£1,000,000","page_number":14,"box":{"x":873,"y":267,"width":83,"height":11}},{"id":"8a133186-d43d-4cf2-9858-e9413d4a8a46","block_type":"box","text":"P Class","page_number":14,"box":{"x":599,"y":281,"width":55,"height":9}},{"id":"9d4eb337-f1fc-475b-a9ee-e5099cd7a2f0","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":281,"width":51,"height":11}},{"id":"19305811-630b-4313-b2bf-f8b1632db598","block_type":"box","text":"£1,000","page_number":14,"box":{"x":805,"y":281,"width":51,"height":11}},{"id":"236681d0-382a-4d03-bc98-8a6372ac8678","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":281,"width":50,"height":11}},{"id":"2c8bfee4-8f17-4497-aac6-e159dd6a9b24","block_type":"box","text":"P (GBP Hedged) Class","page_number":14,"box":{"x":484,"y":295,"width":170,"height":11}},{"id":"49602187-2b5f-4570-a9e1-3c3acf55e5c1","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":295,"width":51,"height":10}},{"id":"f5630e12-8d35-40e8-a62c-b3b0f5e4950d","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":295,"width":26,"height":9}},{"id":"a23940e8-3560-42b2-8d75-ee2d67ab2e87","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":295,"width":50,"height":10}},{"id":"aa1022ad-9ebb-4cdf-bbb4-d8dfb514261c","block_type":"box","text":"V Class","page_number":14,"box":{"x":597,"y":309,"width":57,"height":9}},{"id":"5c03e095-e09a-4cbe-a943-2c272a2409d4","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":309,"width":51,"height":10}},{"id":"47c6d1d5-b199-46a7-8acb-090c5df6de89","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"aff4ee81-6008-4bb4-b2b6-2f98bdd3ed44","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":309,"width":50,"height":10}},{"id":"0234c5fe-6106-41d5-81af-dea6b04ce2cb","block_type":"box","text":"X Class","page_number":14,"box":{"x":597,"y":322,"width":57,"height":9}},{"id":"e73017f3-9bed-4371-91d6-a2dc9d7653d8","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":322,"width":51,"height":11}},{"id":"5c789924-d3f7-436f-959c-aa9d4be861dd","block_type":"box","text":"£1,000","page_number":14,"box":{"x":805,"y":322,"width":51,"height":11}},{"id":"63dd98e7-77c7-4ff5-aa45-5754b41f6fad","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":322,"width":50,"height":11}},{"id":"e9e6c1e1-38e3-4653-9172-0d59035a4cdc","block_type":"box","text":"X (GBP Hedged) Class","page_number":14,"box":{"x":483,"y":336,"width":171,"height":12}},{"id":"87d95581-3f8e-42ed-85b6-04aaa973e74c","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":336,"width":51,"height":11}},{"id":"4605acda-1034-4cc5-a522-f61a7c03ea5d","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":336,"width":26,"height":9}},{"id":"57c8d07a-79d9-48b8-8089-97581df92e1c","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":336,"width":50,"height":11}},{"id":"a9441f1b-1ad7-4363-8587-7cf3d2ee22b8","block_type":"box","text":"Z Class","page_number":14,"box":{"x":598,"y":350,"width":56,"height":9}},{"id":"b5564fe5-0c3b-4440-bebb-280ee58d68b2","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":350,"width":51,"height":11}},{"id":"b93d7838-ff06-4cf0-92e4-c5006fb7756a","block_type":"box","text":"£1,000","page_number":14,"box":{"x":805,"y":350,"width":51,"height":11}},{"id":"70ff8bf9-fb85-49c6-a477-343070ff623f","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":350,"width":50,"height":11}},{"id":"6ea64954-ad52-46a4-a204-8ecaf1834b0e","block_type":"box","text":"Z (GBP Hedged) Class","page_number":14,"box":{"x":484,"y":365,"width":170,"height":11}},{"id":"0cf16c3c-8225-441c-b756-e019f0a8af5c","block_type":"box","text":"£1,000","page_number":14,"box":{"x":704,"y":364,"width":51,"height":10}},{"id":"655bdcf4-41a2-40d4-9ce9-56bdd78096e5","block_type":"box","text":"£1,000","page_number":14,"box":{"x":805,"y":364,"width":51,"height":10}},{"id":"355271db-0031-4ee0-ad0a-7b96eb85b228","block_type":"box","text":"£1,000","page_number":14,"box":{"x":906,"y":365,"width":50,"height":10}},{"id":"ba5b3997-6624-4918-bd49-e0b41628f397","block_type":"box","text":"V EUR Class","page_number":14,"box":{"x":557,"y":379,"width":97,"height":9}},{"id":"55fe5d05-6dea-4064-95f2-db043667ec49","block_type":"box","text":"N/A","page_number":14,"box":{"x":730,"y":379,"width":27,"height":9}},{"id":"d783e606-30c0-436c-9b08-ba859e08c865","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":379,"width":26,"height":9}},{"id":"cd53d02c-442d-49a8-bedd-e5e01a57eaf8","block_type":"box","text":"€1,000","page_number":14,"box":{"x":906,"y":379,"width":50,"height":11}},{"id":"115ce0bf-f6ea-40fb-b4a5-3481dde4aebf","block_type":"box","text":"X EUR Class","page_number":14,"box":{"x":557,"y":393,"width":97,"height":9}},{"id":"bf81a2d4-978b-475a-a43e-4785966d1446","block_type":"box","text":"N/A","page_number":14,"box":{"x":730,"y":393,"width":27,"height":9}},{"id":"d9cd31cb-f8f0-4483-99d9-2a888d71931a","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":393,"width":26,"height":9}},{"id":"33b9770b-a511-4aef-9782-bb3684294e43","block_type":"box","text":"€1,000","page_number":14,"box":{"x":906,"y":393,"width":50,"height":10}},{"id":"6d524784-2609-48cb-83b1-b3a47d56b7ea","block_type":"box","text":"I USD Class","page_number":14,"box":{"x":565,"y":407,"width":89,"height":9}},{"id":"e73b2a51-7226-4f69-8035-576eb03a79bc","block_type":"box","text":"N/A","page_number":14,"box":{"x":730,"y":407,"width":27,"height":9}},{"id":"06055d99-400d-4908-99d6-51410100ed3e","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":407,"width":26,"height":9}},{"id":"6f9288a7-bd92-432f-8099-08eeb08d7837","block_type":"box","text":"$1,000,000","page_number":14,"box":{"x":874,"y":406,"width":82,"height":11}},{"id":"50c338d1-fc98-47e6-bba7-94d75def1c67","block_type":"box","text":"Z USD Class","page_number":14,"box":{"x":558,"y":421,"width":96,"height":8}},{"id":"cd60ef1b-2113-470a-bb8b-fef529e6d404","block_type":"box","text":"N/A","page_number":14,"box":{"x":730,"y":420,"width":27,"height":9}},{"id":"72e1db3a-afe7-4aa4-8151-46437b999733","block_type":"box","text":"N/A","page_number":14,"box":{"x":831,"y":420,"width":26,"height":9}},{"id":"9d8f27f9-0166-469c-8ac9-19b5f7b5fcf0","block_type":"box","text":"$1,000","page_number":14,"box":{"x":906,"y":420,"width":50,"height":11}},{"id":"1a7c70bc-c577-439c-bdf3-719fac9b78b4","block_type":"box","text":"14","page_number":15,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"faff0046-f88a-4a59-bbd6-697b714a9e0e","block_type":"box","text":"15","page_number":15,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"34806b48-ecb2-4b4a-89e6-22ce59bef53a","block_type":"box","text":"SARASIN Funds ICVC","page_number":15,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"5581b13b-4342-4f7c-b124-3126f2932186","block_type":"box","text":"Fund Details (continued)","page_number":15,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"05216564-1a72-4094-ae0f-a088ad88b328","block_type":"box","text":"Thematic","page_number":15,"box":{"x":697,"y":107,"width":58,"height":7}},{"id":"9a43367e-22f4-40c3-bd3b-043eaba415e0","block_type":"box","text":"Global","page_number":15,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"a5915552-7b3e-41e0-8e1c-c66dd46cbd31","block_type":"box","text":"Equity","page_number":15,"box":{"x":716,"y":130,"width":39,"height":9}},{"id":"3f354454-45a2-4860-93a0-168a16ea55e3","block_type":"box","text":"Global","page_number":15,"box":{"x":815,"y":107,"width":40,"height":7}},{"id":"c5a7db5b-53a8-4cbd-b1da-bc01e1b98541","block_type":"box","text":"Equity Real","page_number":15,"box":{"x":784,"y":119,"width":71,"height":8}},{"id":"48c4d41c-51b0-416d-a0f5-809f428d8b20","block_type":"box","text":"Return","page_number":15,"box":{"x":814,"y":130,"width":41,"height":7}},{"id":"f908ec73-d477-4c6b-8920-df3652015bd4","block_type":"box","text":"Responsible","page_number":15,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"437f1dff-26a8-4b60-9e29-859017f12158","block_type":"box","text":"Global","page_number":15,"box":{"x":916,"y":118,"width":40,"height":7}},{"id":"e566e6d7-04a9-4e56-afc6-3b7a2b9c833f","block_type":"box","text":"Equity","page_number":15,"box":{"x":917,"y":130,"width":40,"height":9}},{"id":"8f1f6d3b-af23-4e05-89ff-889563090e16","block_type":"box","text":"Minimum Monthly","page_number":15,"box":{"x":43,"y":157,"width":141,"height":11}},{"id":"b4c8a27f-4f85-487a-84f9-8cf6f93107bd","block_type":"box","text":"Savings Plan","page_number":15,"box":{"x":42,"y":171,"width":103,"height":11}},{"id":"a52e9228-ac00-4274-bced-1c42ae6992ae","block_type":"box","text":"A Class","page_number":15,"box":{"x":598,"y":171,"width":56,"height":9}},{"id":"5524fcc3-fc52-4c93-97a6-9f0e4eedb744","block_type":"box","text":"£100","page_number":15,"box":{"x":719,"y":171,"width":36,"height":9}},{"id":"f6f6e28f-9032-4d16-aab8-4b7501d4f336","block_type":"box","text":"£100","page_number":15,"box":{"x":819,"y":171,"width":37,"height":9}},{"id":"28e12ae4-8d36-4f23-983e-81f742924026","block_type":"box","text":"£100","page_number":15,"box":{"x":920,"y":171,"width":36,"height":9}},{"id":"1841c79d-4321-462e-ad22-62d84e944457","block_type":"box","text":"D Class","page_number":15,"box":{"x":597,"y":185,"width":57,"height":9}},{"id":"b3d1e229-23e7-4f86-a367-4128da546b84","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":185,"width":38,"height":9}},{"id":"ae685114-7ef4-4d89-ab7f-b0ec6e88aa24","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":185,"width":38,"height":9}},{"id":"3c28cefa-a7d0-4e0d-9c92-b076763c42de","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":185,"width":38,"height":9}},{"id":"c5b0b38d-69cf-451f-a088-e5542e545b9a","block_type":"box","text":"D (GBP Hedged) Class","page_number":15,"box":{"x":483,"y":199,"width":171,"height":11}},{"id":"b9d8cab2-a4d6-46d7-bcc4-5e3e6f94e66b","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":199,"width":38,"height":9}},{"id":"4f22b53e-5c0a-4e40-891c-a2ae7e5d80d6","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":199,"width":26,"height":9}},{"id":"aac04c53-aa36-4c3d-86cf-e5004bb6b516","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":199,"width":38,"height":9}},{"id":"f7d4636a-4a7d-4c67-82e6-ccbf5a23f5cf","block_type":"box","text":"F Class","page_number":15,"box":{"x":599,"y":213,"width":55,"height":8}},{"id":"e5c5365d-32b7-4701-bc23-423d043d0daf","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":213,"width":38,"height":8}},{"id":"f0e3c3eb-5ca6-4ade-82e0-65246029d0b0","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":213,"width":38,"height":8}},{"id":"e97de4e5-bccb-475e-8ed6-3942fb74a29f","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":213,"width":38,"height":8}},{"id":"47a414b0-8570-44f7-b71c-7e99626b8a84","block_type":"box","text":"I Class","page_number":15,"box":{"x":605,"y":226,"width":49,"height":9}},{"id":"5bb50203-565c-4846-b1b6-f975946eb9da","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":227,"width":38,"height":8}},{"id":"33055e8b-a779-480e-ba94-ae9915fe9edd","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":227,"width":38,"height":8}},{"id":"6e5e7f3f-ee4d-4c32-8b49-d2b630bf9b80","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":227,"width":38,"height":8}},{"id":"b8bc2b41-a026-4f40-910c-99eb2075a80a","block_type":"box","text":"I (GBP Hedged) Class","page_number":15,"box":{"x":491,"y":240,"width":163,"height":11}},{"id":"03c3bfec-26cb-416e-86e3-f31efcfcc7c8","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":240,"width":38,"height":9}},{"id":"4c30f0e1-09db-4ddd-9a54-2aa93aa1e884","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"aa776e96-e28e-4a6c-82e0-7465eb94effa","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":240,"width":38,"height":9}},{"id":"1cf5e813-d390-4d11-b02a-b9a5d2df02dc","block_type":"box","text":"P Class","page_number":15,"box":{"x":599,"y":254,"width":55,"height":9}},{"id":"6877e72c-a6ed-4409-889d-77bd7abd5609","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":254,"width":38,"height":9}},{"id":"45af0b76-49ba-43cc-9663-8eea8a179c4d","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":254,"width":38,"height":9}},{"id":"c01d9f1f-e945-4259-be30-45d458c8dde7","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":254,"width":38,"height":9}},{"id":"8abad988-b510-465b-8cbc-ac300690bc42","block_type":"box","text":"P (GBP Hedged) Class","page_number":15,"box":{"x":484,"y":268,"width":170,"height":11}},{"id":"0300ca52-645e-4971-9c00-8647d8e19990","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":268,"width":38,"height":9}},{"id":"ef0ca7fd-a7a8-4a95-a2ae-e440bd675c26","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":268,"width":26,"height":9}},{"id":"f03cd7ef-01ad-40db-a8f5-b98de5b87683","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":268,"width":38,"height":9}},{"id":"be32d034-bfcd-4244-8d58-5eeb9f1aec55","block_type":"box","text":"V Class","page_number":15,"box":{"x":597,"y":282,"width":57,"height":8}},{"id":"5ba1be91-c0da-458f-9f37-4a80f86325bf","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":282,"width":38,"height":8}},{"id":"70bac8bd-a92a-4e7f-84c8-73653a8dc8c6","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":281,"width":26,"height":9}},{"id":"69934695-4ec0-492a-9892-4308010e0d6d","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":282,"width":38,"height":8}},{"id":"53618d82-d57a-4e7f-9f92-0b866539c2bb","block_type":"box","text":"X Class","page_number":15,"box":{"x":597,"y":295,"width":57,"height":9}},{"id":"edb6beec-9141-4d26-920e-f4604dbed089","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":296,"width":38,"height":8}},{"id":"9222be13-9b6a-4350-ada5-1be945ab33e9","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":296,"width":38,"height":8}},{"id":"eecfaa56-df4f-42b0-95ee-30904271cf7e","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":296,"width":38,"height":8}},{"id":"08d9db14-77fb-4268-965d-3a50018d79b4","block_type":"box","text":"X (GBP Hedged) Class","page_number":15,"box":{"x":483,"y":309,"width":171,"height":11}},{"id":"a9def322-947e-4c39-adf7-a113ddd50b3a","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":309,"width":38,"height":9}},{"id":"cc179fba-f363-4d7b-8644-5f21d85c8d62","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"b12600e8-e318-4f65-b90f-cee07c259d97","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":309,"width":38,"height":9}},{"id":"4908d05e-fa43-4a91-aef7-4d50b752b070","block_type":"box","text":"Z Class","page_number":15,"box":{"x":598,"y":323,"width":56,"height":9}},{"id":"3557ea19-b943-4a3d-9998-526a7b819a76","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":323,"width":38,"height":9}},{"id":"206863fb-42d3-407d-a20d-5d240c61711d","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":323,"width":38,"height":9}},{"id":"334bea0a-a77d-45d1-ad68-4ee35743d0cc","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":323,"width":38,"height":9}},{"id":"64e41b4c-2b70-45ba-a8bc-39a8621e6cf5","block_type":"box","text":"Z (GBP Hedged) Class","page_number":15,"box":{"x":484,"y":337,"width":170,"height":11}},{"id":"e6ae351e-a469-4051-97b0-f73390b828ba","block_type":"box","text":"None","page_number":15,"box":{"x":717,"y":337,"width":38,"height":8}},{"id":"8578ad3d-e02e-42e6-9bb2-a1cbfcda6d14","block_type":"box","text":"None","page_number":15,"box":{"x":818,"y":337,"width":38,"height":8}},{"id":"2739138c-b5e7-417f-8206-d6fb50a9bc83","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":337,"width":38,"height":8}},{"id":"03c78e02-7599-4477-ad01-3d0c09a1a532","block_type":"box","text":"V EUR Class","page_number":15,"box":{"x":557,"y":350,"width":97,"height":9}},{"id":"99221ce1-d742-4242-b9ef-e564fd6d2401","block_type":"box","text":"N/A","page_number":15,"box":{"x":730,"y":350,"width":27,"height":9}},{"id":"7056b645-6510-4a35-8b28-0b565e0400e3","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":350,"width":26,"height":9}},{"id":"63c9316f-916d-45a6-bcc8-177b8f692598","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":351,"width":38,"height":8}},{"id":"76a86563-727f-43a7-a4f6-0569296eefe0","block_type":"box","text":"X EUR Class","page_number":15,"box":{"x":557,"y":364,"width":97,"height":9}},{"id":"686b8f16-3442-4d13-be5d-c37c0238bc13","block_type":"box","text":"N/A","page_number":15,"box":{"x":730,"y":364,"width":27,"height":9}},{"id":"d09e05eb-1846-4711-8663-24a019d5932a","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":364,"width":26,"height":9}},{"id":"43811232-dd4b-4844-a593-322131727460","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":364,"width":38,"height":9}},{"id":"86497429-d3b1-4086-8bd7-d600bc949038","block_type":"box","text":"I USD Class","page_number":15,"box":{"x":565,"y":378,"width":89,"height":9}},{"id":"40a04961-ca29-4d9b-b5c2-3eb2ded3935a","block_type":"box","text":"N/A","page_number":15,"box":{"x":730,"y":378,"width":27,"height":9}},{"id":"5abb63bc-2b8f-4e2b-9565-1c40d0997e29","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"20550cf3-312d-407c-a714-1d94c9a5a315","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":378,"width":38,"height":9}},{"id":"a19a99e0-5574-41f2-bdd3-2fdbae6be828","block_type":"box","text":"Z USD Class","page_number":15,"box":{"x":558,"y":392,"width":96,"height":9}},{"id":"9cd87a41-b51f-4c7d-9662-6fb49fe5a726","block_type":"box","text":"N/A","page_number":15,"box":{"x":730,"y":392,"width":27,"height":9}},{"id":"516775b4-598c-4a58-b5be-fa693e49e88a","block_type":"box","text":"N/A","page_number":15,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"13d49c10-79e7-4e8c-a86c-f5be155487c7","block_type":"box","text":"None","page_number":15,"box":{"x":918,"y":392,"width":38,"height":9}},{"id":"d1082cf9-1923-4b5e-95e0-ebe8d2cbeacc","block_type":"box","text":"ISA","page_number":15,"box":{"x":43,"y":419,"width":27,"height":9}},{"id":"b1ba14fa-44dd-439f-9c91-95d6ec1368e9","block_type":"box","text":"Yes","page_number":15,"box":{"x":728,"y":419,"width":27,"height":9}},{"id":"dba35431-96aa-405d-963f-9caf9ab52903","block_type":"box","text":"Yes","page_number":15,"box":{"x":829,"y":419,"width":27,"height":9}},{"id":"a21c6a50-0aa1-40dd-bdf9-d1cfd72fb6b3","block_type":"box","text":"Yes","page_number":15,"box":{"x":930,"y":419,"width":27,"height":9}},{"id":"b4d9c4d5-9cbf-49d8-b41c-fe366593213e","block_type":"box","text":"Annual Accounts","page_number":15,"box":{"x":42,"y":446,"width":136,"height":9}},{"id":"34440da6-143d-4b90-9038-234a18e3ea58","block_type":"box","text":"31 Dec","page_number":15,"box":{"x":703,"y":446,"width":52,"height":9}},{"id":"506d9284-3d80-4590-b610-1708f2abe81f","block_type":"box","text":"31 Dec","page_number":15,"box":{"x":804,"y":446,"width":52,"height":9}},{"id":"0d6fa3fc-99d7-4483-be6f-8a52fe3b2ab9","block_type":"box","text":"31 Dec","page_number":15,"box":{"x":905,"y":446,"width":52,"height":9}},{"id":"50a13291-74f9-46c3-ab05-7b91fc7c1479","block_type":"box","text":"Interim Accounts","page_number":15,"box":{"x":43,"y":474,"width":135,"height":8}},{"id":"d4543d03-d49a-4b7b-b4bb-f3d1f0b214e5","block_type":"box","text":"30 Jun","page_number":15,"box":{"x":706,"y":474,"width":48,"height":8}},{"id":"5428d154-0527-4aba-a717-a4aaf19796c9","block_type":"box","text":"30 Jun","page_number":15,"box":{"x":807,"y":474,"width":48,"height":8}},{"id":"22e3fbdc-5f4e-42f9-94ff-2ca61b9b616e","block_type":"box","text":"30 Jun","page_number":15,"box":{"x":907,"y":474,"width":49,"height":8}},{"id":"2aa1de17-0dc4-44ce-b362-af0f698db933","block_type":"box","text":"Annual Distribution","page_number":15,"box":{"x":42,"y":507,"width":154,"height":9}},{"id":"52dbe799-5434-4ce7-9170-a027705aeb81","block_type":"box","text":"28 Feb","page_number":15,"box":{"x":704,"y":507,"width":51,"height":9}},{"id":"a16861cd-c687-4527-860e-e16e4f6ad91a","block_type":"box","text":"28 Feb","page_number":15,"box":{"x":805,"y":507,"width":51,"height":9}},{"id":"63a2f454-a3ac-4288-960f-80246b396447","block_type":"box","text":"28 Feb","page_number":15,"box":{"x":905,"y":507,"width":51,"height":9}},{"id":"ccf9d839-683e-4706-9119-7357b78b83a7","block_type":"box","text":"Interim Distribution","page_number":15,"box":{"x":43,"y":534,"width":153,"height":9}},{"id":"fbc24805-77b3-46ad-941c-77fc65ab2b96","block_type":"box","text":"31 Aug","page_number":15,"box":{"x":704,"y":534,"width":51,"height":11}},{"id":"91271d18-b13d-4447-989e-13db3adcd50b","block_type":"box","text":"31 Aug","page_number":15,"box":{"x":805,"y":534,"width":50,"height":11}},{"id":"bad6fabd-c59c-4815-b3f4-468050e8c8b8","block_type":"box","text":"31 Aug","page_number":15,"box":{"x":906,"y":534,"width":50,"height":11}},{"id":"be204e72-fe4c-477d-a967-b4124cf3b7c2","block_type":"box","text":"15","page_number":16,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"c5693e6a-5d83-4e73-b822-4aa6babefa54","block_type":"box","text":"SARASIN Funds ICVC","page_number":16,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"31253ca9-5453-4f97-8024-eab525f7a573","block_type":"box","text":"Fund Details (continued)","page_number":16,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"91159ce6-539e-4e49-b366-a637d2f13754","block_type":"box","text":"Global","page_number":16,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"6eeec2c6-9834-4047-adae-12446c073c3f","block_type":"box","text":"Dividend","page_number":16,"box":{"x":700,"y":130,"width":55,"height":7}},{"id":"f1153ce1-e4f9-4b44-847b-367b9a36042a","block_type":"box","text":"Multi Asset –","page_number":16,"box":{"x":775,"y":119,"width":81,"height":6}},{"id":"51a8cb2a-ad5b-4821-b261-8d78a300df01","block_type":"box","text":"Strategic","page_number":16,"box":{"x":799,"y":130,"width":57,"height":9}},{"id":"7ad8fd6f-8440-47cc-ac74-4e4c7baee80a","block_type":"box","text":"Responsible","page_number":16,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"99d5c21a-e034-42b9-9431-bc9d972bee4c","block_type":"box","text":"Strategic","page_number":16,"box":{"x":900,"y":118,"width":57,"height":9}},{"id":"03c2f1ac-95a0-4061-8eb4-eebf5c1cb354","block_type":"box","text":"Bond","page_number":16,"box":{"x":924,"y":130,"width":32,"height":7}},{"id":"b41653d9-c069-4d9a-abe5-b32464b175c4","block_type":"box","text":"Launch Date","page_number":16,"box":{"x":43,"y":157,"width":99,"height":9}},{"id":"436e2272-cba8-45d6-baaa-8c4ab9b2daaa","block_type":"box","text":"5 Dec 13","page_number":16,"box":{"x":689,"y":157,"width":66,"height":9}},{"id":"54943351-9d2f-46fe-a0cd-3faf02e9e204","block_type":"box","text":"3 Feb 99","page_number":16,"box":{"x":791,"y":157,"width":65,"height":9}},{"id":"47612adf-f04e-4045-a603-7a5c2398b8d5","block_type":"box","text":"4 May 06","page_number":16,"box":{"x":888,"y":157,"width":68,"height":11}},{"id":"fed4d17d-5819-446a-9449-f09e8d70b31d","block_type":"box","text":"Annual Charges","page_number":16,"box":{"x":42,"y":184,"width":128,"height":11}},{"id":"4d310e14-1c0f-4dea-a65d-5cac2a4dc4e2","block_type":"box","text":"per share class","page_number":16,"box":{"x":43,"y":199,"width":120,"height":11}},{"id":"512be41f-1b2a-45a6-9394-c9b2e73d33e3","block_type":"box","text":"Investment Manager’s","page_number":16,"box":{"x":43,"y":226,"width":174,"height":11}},{"id":"b5fda084-7277-4f78-ad63-5a90687274b0","block_type":"box","text":"Charge","page_number":16,"box":{"x":43,"y":240,"width":56,"height":11}},{"id":"4a3e432f-cebc-4924-9e5f-ed58fc1ab815","block_type":"box","text":"A Class","page_number":16,"box":{"x":598,"y":240,"width":56,"height":9}},{"id":"a663813c-0327-4b13-90a8-a5f036a7805b","block_type":"box","text":"1.50%","page_number":16,"box":{"x":710,"y":240,"width":45,"height":9}},{"id":"8cfb919f-5f5b-4059-af38-6f58ad4c793c","block_type":"box","text":"1.50%","page_number":16,"box":{"x":811,"y":240,"width":44,"height":9}},{"id":"615eed4b-1a9b-48c1-9ae2-0c8cb8d9749e","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"492dcbff-44ac-4f67-92d7-0806029cb0ff","block_type":"box","text":"D Class","page_number":16,"box":{"x":597,"y":254,"width":57,"height":9}},{"id":"194a5001-2080-4c6e-90ec-ac9a567ea583","block_type":"box","text":"0.50%","page_number":16,"box":{"x":709,"y":254,"width":46,"height":9}},{"id":"301c1305-0e6b-4cc4-a785-ebeb515db445","block_type":"box","text":"0.50%","page_number":16,"box":{"x":809,"y":254,"width":46,"height":9}},{"id":"b218130a-aeec-4a4d-adab-1c2404aa209c","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":254,"width":27,"height":9}},{"id":"eeaff416-4e3a-47e1-8194-b39026fc9eca","block_type":"box","text":"D (GBP Hedged) Class","page_number":16,"box":{"x":483,"y":268,"width":171,"height":11}},{"id":"2a909d22-91ba-4314-b766-2099b1024a63","block_type":"box","text":"0.50%","page_number":16,"box":{"x":709,"y":268,"width":46,"height":9}},{"id":"6fc75011-38d7-455e-a365-a1e660b10a51","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":268,"width":26,"height":8}},{"id":"65886f3a-fb48-4181-8379-351687298230","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":268,"width":27,"height":8}},{"id":"80d3a754-ec26-4824-904b-32da1c5de014","block_type":"box","text":"F Class","page_number":16,"box":{"x":599,"y":281,"width":55,"height":9}},{"id":"38d0a7c2-e497-4209-93f2-b73f1e089a7b","block_type":"box","text":"1.00%","page_number":16,"box":{"x":710,"y":281,"width":45,"height":9}},{"id":"21a23f81-18ef-482e-9e1e-bef1690a76bb","block_type":"box","text":"1.00%","page_number":16,"box":{"x":811,"y":281,"width":44,"height":9}},{"id":"cac70861-9716-41b8-b26a-d0d0deb23c85","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":281,"width":27,"height":9}},{"id":"357b413f-f720-4835-8013-2861dcb50f81","block_type":"box","text":"I Class","page_number":16,"box":{"x":605,"y":295,"width":49,"height":9}},{"id":"ea9e7613-e22e-4cee-ad62-b0ec15114ed4","block_type":"box","text":"0.85%","page_number":16,"box":{"x":709,"y":295,"width":46,"height":9}},{"id":"c7732808-db8a-4b81-9fe7-ba26f2cc86b0","block_type":"box","text":"0.85%","page_number":16,"box":{"x":809,"y":295,"width":46,"height":9}},{"id":"e4baa664-a096-4ca4-be04-a97821b21b6e","block_type":"box","text":"0.50%","page_number":16,"box":{"x":910,"y":295,"width":46,"height":9}},{"id":"8ff85944-67cd-4ff8-8f64-667d35a7111b","block_type":"box","text":"I (GBP Hedged) Class","page_number":16,"box":{"x":491,"y":309,"width":163,"height":11}},{"id":"ed42a509-aab8-4dd7-9295-12418a09513f","block_type":"box","text":"0.85%","page_number":16,"box":{"x":709,"y":309,"width":46,"height":9}},{"id":"787e4876-b126-45bd-b729-ca8dadde0029","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"713a765a-349c-4387-baad-2ba2eea08d63","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":309,"width":27,"height":9}},{"id":"6f91c39e-bb36-4349-80c5-188109d808b2","block_type":"box","text":"P Class","page_number":16,"box":{"x":599,"y":323,"width":55,"height":9}},{"id":"e2a3b8b5-754d-4853-965b-b1750d73edba","block_type":"box","text":"0.75%","page_number":16,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"d1f8c789-99ea-4026-a022-5b6517838a22","block_type":"box","text":"0.75%","page_number":16,"box":{"x":809,"y":323,"width":46,"height":9}},{"id":"c129e282-850c-428b-8b59-8170e7cdea3b","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":323,"width":27,"height":9}},{"id":"a76863c8-718e-43c4-bed8-b6ca9d7eec2c","block_type":"box","text":"P (GBP Hedged) Class","page_number":16,"box":{"x":484,"y":336,"width":170,"height":12}},{"id":"8160c1c8-1a6b-4ae9-b9fe-c3765b9d174d","block_type":"box","text":"0.75%","page_number":16,"box":{"x":709,"y":336,"width":46,"height":10}},{"id":"18c5af53-dc02-4e87-85e2-dd5f78910d2a","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":336,"width":26,"height":9}},{"id":"5ee51356-1fab-4a2a-9928-9d9612132fc0","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":336,"width":27,"height":9}},{"id":"c94ca246-bcb0-4e0a-abce-7261a3489871","block_type":"box","text":"V Class","page_number":16,"box":{"x":597,"y":350,"width":57,"height":9}},{"id":"7e194bf8-d3b3-472d-bafc-9bc9a5fd892c","block_type":"box","text":"0.40%","page_number":16,"box":{"x":709,"y":350,"width":46,"height":9}},{"id":"15e7e2c2-c208-4907-9fc4-e960b143155c","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":350,"width":26,"height":9}},{"id":"5f0dfb7a-305b-4272-85a4-7369e8dea920","block_type":"box","text":"0.40%","page_number":16,"box":{"x":910,"y":350,"width":46,"height":9}},{"id":"9715174b-0fc4-49b6-93ed-5735c6ce3269","block_type":"box","text":"X Class","page_number":16,"box":{"x":597,"y":364,"width":57,"height":9}},{"id":"9d66b226-0bee-45f4-98a7-4ff4322d4089","block_type":"box","text":"1.35%","page_number":16,"box":{"x":710,"y":364,"width":45,"height":9}},{"id":"9edb72e3-ce33-4528-8f60-3a55705c458a","block_type":"box","text":"1.35%","page_number":16,"box":{"x":811,"y":364,"width":44,"height":9}},{"id":"97827778-5896-44c0-b342-90413521ca9b","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":364,"width":27,"height":9}},{"id":"f9007973-67be-48f8-871c-c4cb9ae3bccb","block_type":"box","text":"X (GBP Hedged) Class","page_number":16,"box":{"x":483,"y":378,"width":171,"height":11}},{"id":"7584d979-78ab-4651-ba56-8dadaf0739da","block_type":"box","text":"1.35%","page_number":16,"box":{"x":710,"y":378,"width":45,"height":9}},{"id":"eadf3335-7b88-455d-9833-12a3b83cd039","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"6ec71307-b5bf-4c64-98ee-8aa0638e923d","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":378,"width":27,"height":9}},{"id":"d690dd42-e641-4e03-aea7-0d1fcc3f1db2","block_type":"box","text":"Z Class","page_number":16,"box":{"x":598,"y":392,"width":56,"height":8}},{"id":"5292d730-9f59-48a0-9972-54d36eef9f38","block_type":"box","text":"0.00%","page_number":16,"box":{"x":709,"y":392,"width":46,"height":9}},{"id":"f93f63dc-f8dd-4ecd-bc10-f1bb1891d6e4","block_type":"box","text":"0.00%","page_number":16,"box":{"x":809,"y":392,"width":46,"height":9}},{"id":"f9c3e385-72eb-4e8e-b6e0-3c5849e8e87e","block_type":"box","text":"0.00%","page_number":16,"box":{"x":910,"y":392,"width":46,"height":9}},{"id":"21ba6286-d561-49cb-a2cd-a605bfe759a3","block_type":"box","text":"Z (GBP Hedged) Class","page_number":16,"box":{"x":484,"y":405,"width":170,"height":12}},{"id":"7825fefa-46bf-4bad-afa3-24f086961f98","block_type":"box","text":"0.00%","page_number":16,"box":{"x":709,"y":405,"width":46,"height":9}},{"id":"80845d98-f244-47a0-b084-2770f4fb2b87","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":405,"width":26,"height":9}},{"id":"58019586-a178-41ae-8e79-d2a32d94dc99","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":405,"width":27,"height":9}},{"id":"8bd18ea7-3ddb-4f2d-9cab-8046cb8a09a2","block_type":"box","text":"A EUR Class","page_number":16,"box":{"x":558,"y":419,"width":96,"height":9}},{"id":"e2bd83c0-b14d-49db-afa7-016fd56c96bf","block_type":"box","text":"1.50%","page_number":16,"box":{"x":710,"y":419,"width":45,"height":9}},{"id":"0428f0fc-45e4-46a8-9cab-5ce730fd21f3","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"548c722c-c85d-44d3-8943-cf0103263b3e","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":419,"width":27,"height":9}},{"id":"5fb27c36-7884-4218-9184-cbf4d1e06c3b","block_type":"box","text":"F EUR Class","page_number":16,"box":{"x":559,"y":433,"width":95,"height":9}},{"id":"a7ae0066-43a8-4178-8b5f-c1897f76ad14","block_type":"box","text":"1.00%","page_number":16,"box":{"x":710,"y":433,"width":45,"height":9}},{"id":"0c76a978-cbd4-4038-9a0b-ddf4dbbc833e","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"97ab6e76-b952-44aa-8acf-aa96b5b50638","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":433,"width":27,"height":9}},{"id":"2c95d119-327b-4884-817e-3aabac0c83a7","block_type":"box","text":"I EUR Class","page_number":16,"box":{"x":565,"y":447,"width":89,"height":9}},{"id":"af3526e9-52f2-47c6-a76a-c1d89486a48b","block_type":"box","text":"0.85%","page_number":16,"box":{"x":709,"y":447,"width":46,"height":9}},{"id":"3edc0423-3c29-4039-adda-dd09def4e2f3","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":447,"width":26,"height":9}},{"id":"26a48f98-98cc-460b-afe2-680c9cf6e01e","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":447,"width":27,"height":9}},{"id":"40c0313f-0b13-4691-8766-848ba50ceaff","block_type":"box","text":"I (EUR Hedged) Class","page_number":16,"box":{"x":490,"y":460,"width":164,"height":12}},{"id":"0739685e-b2ab-43fb-bc22-8fc428453df2","block_type":"box","text":"0.85%","page_number":16,"box":{"x":709,"y":460,"width":46,"height":10}},{"id":"7da061d5-df37-421d-b6e5-85195a916102","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":460,"width":26,"height":9}},{"id":"db9d7789-7b7b-467d-a7c8-226c3637f894","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":460,"width":27,"height":9}},{"id":"28fb3f97-7200-490b-9eda-b4d9e7af5b3b","block_type":"box","text":"V EUR Class","page_number":16,"box":{"x":557,"y":474,"width":97,"height":9}},{"id":"df71ec35-4886-42aa-9fb2-3d2373882105","block_type":"box","text":"0.40%","page_number":16,"box":{"x":709,"y":474,"width":46,"height":9}},{"id":"af6da483-1759-4fb3-8792-61168c94be7a","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":474,"width":26,"height":9}},{"id":"16bf3adc-ef3f-43f4-b02c-163ae0666224","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":474,"width":27,"height":9}},{"id":"1219b831-2f46-4f7d-8b44-7806cfeef69b","block_type":"box","text":"V (EUR Hedged) Class","page_number":16,"box":{"x":482,"y":488,"width":172,"height":11}},{"id":"bf7fb69e-d40e-403d-a44e-2815baa2c134","block_type":"box","text":"0.40%","page_number":16,"box":{"x":709,"y":488,"width":46,"height":9}},{"id":"0d98e6f4-097d-495b-9270-cac3bc761bc0","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":488,"width":26,"height":9}},{"id":"20c1caee-c980-4ce2-9bf4-cc2b847d153d","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":488,"width":27,"height":9}},{"id":"72bed2b4-3222-4c2b-b187-2b47c6a9114c","block_type":"box","text":"X EUR Class","page_number":16,"box":{"x":557,"y":502,"width":97,"height":9}},{"id":"7ba2443d-3502-430d-8861-3c613f13f9f8","block_type":"box","text":"1.35%","page_number":16,"box":{"x":710,"y":502,"width":45,"height":9}},{"id":"bd0fdd0e-d428-4449-90e7-409443965640","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"bb9f8f1f-2ad0-4db8-a198-07b5b996b400","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"223333cc-9af1-4427-bfac-7500a4cd36bf","block_type":"box","text":"X (EUR Hedged) Class","page_number":16,"box":{"x":482,"y":516,"width":172,"height":11}},{"id":"af4947d0-a5c0-4690-9541-b02f83a4cfa2","block_type":"box","text":"1.35%","page_number":16,"box":{"x":710,"y":516,"width":45,"height":9}},{"id":"9f9e6c3e-f184-49c1-97bd-4d50d210cba3","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":516,"width":26,"height":9}},{"id":"8c6f41da-f06f-470c-a39a-2911a16362ae","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":516,"width":27,"height":9}},{"id":"4c81e979-83d7-458b-994f-096265d48efd","block_type":"box","text":"Z EUR Class","page_number":16,"box":{"x":558,"y":530,"width":96,"height":8}},{"id":"771217ca-c1b4-4e7f-870f-7761ce629220","block_type":"box","text":"0.00%","page_number":16,"box":{"x":709,"y":529,"width":46,"height":9}},{"id":"6b21799b-3f60-431c-a1cc-fade9f635249","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":529,"width":26,"height":9}},{"id":"2dc736ec-a216-44ba-8d3b-897884bf0140","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":529,"width":27,"height":9}},{"id":"5369f55e-13aa-4c7b-ae10-442c0b77f82e","block_type":"box","text":"Z (EUR Hedged) Class","page_number":16,"box":{"x":483,"y":543,"width":171,"height":11}},{"id":"1dd8a786-3f86-4234-b27c-6d4488c4e413","block_type":"box","text":"0.00%","page_number":16,"box":{"x":709,"y":543,"width":46,"height":9}},{"id":"a6ba2014-81fa-46e4-b217-baf29b021873","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":543,"width":26,"height":9}},{"id":"194aa09e-87d6-4104-a486-534e4f719e7b","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":543,"width":27,"height":9}},{"id":"a89239f4-aaa3-4d66-aa20-bdb310c5f68b","block_type":"box","text":"A USD Class","page_number":16,"box":{"x":558,"y":557,"width":96,"height":9}},{"id":"a94dd001-1273-4edb-adf4-0c084c66af39","block_type":"box","text":"1.50%","page_number":16,"box":{"x":710,"y":557,"width":45,"height":9}},{"id":"5dd21420-bbcf-4854-8d08-1166a57bfe4c","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":557,"width":26,"height":9}},{"id":"9ad93251-772e-4fab-9c8d-0a494ac4e75d","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":557,"width":27,"height":9}},{"id":"4769ada5-41df-4433-9557-5f242122651e","block_type":"box","text":"I USD Class","page_number":16,"box":{"x":565,"y":571,"width":89,"height":9}},{"id":"a1a1346f-86ed-4abd-b2df-1799bace850e","block_type":"box","text":"0.85%","page_number":16,"box":{"x":709,"y":571,"width":46,"height":9}},{"id":"69e4eccb-a1fc-4430-b498-5c51df588886","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":571,"width":26,"height":9}},{"id":"a7b5bea9-dace-49b7-badc-2b1bec0040ad","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":571,"width":27,"height":9}},{"id":"945d8184-01d2-496f-bf75-925782a5cbdc","block_type":"box","text":"Z USD Class","page_number":16,"box":{"x":558,"y":585,"width":96,"height":8}},{"id":"4ca0c1d1-b679-4944-a2d0-d27ebc01615a","block_type":"box","text":"0.00%","page_number":16,"box":{"x":709,"y":585,"width":46,"height":9}},{"id":"8d647e32-4cfd-4dab-ade2-74e878746a53","block_type":"box","text":"N/A","page_number":16,"box":{"x":831,"y":585,"width":26,"height":8}},{"id":"e0028e2c-3332-4e28-b048-8245e3dc8903","block_type":"box","text":"N/A","page_number":16,"box":{"x":931,"y":585,"width":27,"height":8}},{"id":"80fb58d6-f04a-476d-bb4c-867d66008f3e","block_type":"box","text":"16","page_number":17,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"ea53208d-5046-47c6-92fe-7f1e050c4f64","block_type":"box","text":"17","page_number":17,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"86dd80e8-42bd-42c3-bb19-22d851ab2505","block_type":"box","text":"SARASIN Funds ICVC","page_number":17,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"9f626f39-035b-41b2-9b4e-1641ca07c04a","block_type":"box","text":"Fund Details (continued)","page_number":17,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"e133f871-6911-4ed1-bbf9-64880d8e51c8","block_type":"box","text":"Global","page_number":17,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"2956b68a-bf3d-43f8-a889-92f1eb6b999e","block_type":"box","text":"Dividend","page_number":17,"box":{"x":700,"y":130,"width":55,"height":7}},{"id":"8f9a265f-1409-4793-a5b0-3868a462e2d5","block_type":"box","text":"Multi Asset –","page_number":17,"box":{"x":775,"y":119,"width":81,"height":6}},{"id":"cf2178b2-48bd-4a0a-9fa9-110d6ff25302","block_type":"box","text":"Strategic","page_number":17,"box":{"x":799,"y":130,"width":57,"height":9}},{"id":"13e31ea7-2840-42c8-83f3-c37f496d372d","block_type":"box","text":"Responsible","page_number":17,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"2053522c-bd47-4950-9bb3-60664d738992","block_type":"box","text":"Strategic","page_number":17,"box":{"x":900,"y":118,"width":57,"height":9}},{"id":"c015c90f-7c6e-494b-b27f-d42b334c0451","block_type":"box","text":"Bond","page_number":17,"box":{"x":924,"y":130,"width":32,"height":7}},{"id":"dc52fdbc-aa30-45fd-a261-9b25b69a6508","block_type":"box","text":"Fixed Rate Operating","page_number":17,"box":{"x":43,"y":157,"width":167,"height":11}},{"id":"3217c46f-b54f-47a2-b0c4-62ab0251fdaf","block_type":"box","text":"Charge (FOC) (annual)","page_number":17,"box":{"x":43,"y":171,"width":177,"height":11}},{"id":"e240cd5a-287c-4a83-9099-cbc2330d84f4","block_type":"box","text":"FOC Tier 1 (£0-£300m sub-fund","page_number":17,"box":{"x":43,"y":199,"width":251,"height":11}},{"id":"2825b943-e006-4a98-81b6-f9c7e9bd6d9d","block_type":"box","text":"Net Asset Value)","page_number":17,"box":{"x":43,"y":213,"width":129,"height":11}},{"id":"e3e21880-56b0-402a-b74e-ab66498eb308","block_type":"box","text":"A Class","page_number":17,"box":{"x":598,"y":213,"width":56,"height":9}},{"id":"13cc9485-ee40-423b-9169-d7bad2ae6303","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":213,"width":46,"height":9}},{"id":"0bbd9bfb-4b9c-4760-864b-a1cfd15790b1","block_type":"box","text":"0.21%","page_number":17,"box":{"x":809,"y":213,"width":46,"height":9}},{"id":"0ee3ce84-b5f7-4fc3-829f-f4a6f962b644","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":213,"width":27,"height":9}},{"id":"45fd47be-c0a2-491d-a587-b46e78289b94","block_type":"box","text":"D Class","page_number":17,"box":{"x":597,"y":227,"width":57,"height":8}},{"id":"20168090-835a-4cb5-8977-eb15fc2ea260","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":226,"width":46,"height":10}},{"id":"4bdaeb67-3db3-453c-b073-1125f3fd8655","block_type":"box","text":"0.21%","page_number":17,"box":{"x":809,"y":226,"width":46,"height":10}},{"id":"7da22086-ddda-435c-9bf6-ded1cd5539fb","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":226,"width":27,"height":9}},{"id":"2b190778-50f5-416f-8337-c4a7ea7804ab","block_type":"box","text":"D (GBP Hedged) Class","page_number":17,"box":{"x":483,"y":240,"width":171,"height":12}},{"id":"ab4dfc2e-5313-4110-b12c-643780533dcd","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":240,"width":46,"height":9}},{"id":"a1820af1-7c5c-46c8-ac46-6bcbfc385e64","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"5b1c8315-ea71-4df7-9500-426b2c161ef5","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"b3b93e90-1d22-435a-a4b8-ed72394481f0","block_type":"box","text":"F Class","page_number":17,"box":{"x":599,"y":254,"width":55,"height":9}},{"id":"b944c77e-ab18-4af0-b019-08156e2766c2","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":254,"width":46,"height":9}},{"id":"083d0d9f-6dbc-40c3-9d0c-9166be0a5501","block_type":"box","text":"0.21%","page_number":17,"box":{"x":809,"y":254,"width":46,"height":9}},{"id":"c444d8a0-7994-4246-9abb-08259c5577cb","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":254,"width":27,"height":9}},{"id":"20c78c42-b14a-4ce6-8d6c-e2c9d5e63239","block_type":"box","text":"I Class","page_number":17,"box":{"x":605,"y":268,"width":49,"height":9}},{"id":"1bb42ea7-68be-46b1-af48-bf6d4d6fc4af","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":268,"width":46,"height":9}},{"id":"00ac8742-1769-4ab1-8579-c5948ec512f0","block_type":"box","text":"0.21%","page_number":17,"box":{"x":809,"y":268,"width":46,"height":9}},{"id":"bb8da90c-3e3e-4fdb-a21e-d3c52aca4e13","block_type":"box","text":"0.21%","page_number":17,"box":{"x":910,"y":268,"width":46,"height":9}},{"id":"743faa70-04f8-4b3d-a5bf-aac0aa803ee9","block_type":"box","text":"I (GBP Hedged) Class","page_number":17,"box":{"x":491,"y":282,"width":163,"height":11}},{"id":"f27446ce-06b3-4612-96a2-f092cee82364","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":282,"width":46,"height":9}},{"id":"d62edf2a-2595-4caa-989e-0c55c6474cce","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":282,"width":26,"height":9}},{"id":"7651026f-3b4f-44e5-981d-5e3e7ec361c9","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":282,"width":27,"height":9}},{"id":"835d0595-2e39-4b9a-87c7-bba80a854416","block_type":"box","text":"P Class","page_number":17,"box":{"x":599,"y":296,"width":55,"height":8}},{"id":"e7593b2e-939c-4077-859b-28de74e858fc","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":295,"width":46,"height":9}},{"id":"49ee9a0e-e5d9-40dc-b110-1692d697d92e","block_type":"box","text":"0.21%","page_number":17,"box":{"x":809,"y":295,"width":46,"height":9}},{"id":"4deec8e5-938c-4978-b83f-51753868d63a","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"aa07ee21-c5d2-4ce9-b7df-76ded8fd575c","block_type":"box","text":"P (GBP Hedged) Class","page_number":17,"box":{"x":484,"y":309,"width":170,"height":11}},{"id":"827e002d-d0f0-42db-a378-9df18982c61c","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":309,"width":46,"height":9}},{"id":"be591c65-f9f0-44d9-babd-0e75496ac92c","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"c5de9e31-27c9-44df-8768-066475ac7d57","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":309,"width":27,"height":9}},{"id":"30fa1a99-a638-4f70-8654-ccf12f5987e0","block_type":"box","text":"V Class","page_number":17,"box":{"x":597,"y":323,"width":57,"height":9}},{"id":"543f01a7-01e3-43de-bed7-252ebac5d8f2","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"df0aacc7-cfcb-4c72-856b-4d4fdd0bb6ca","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":323,"width":26,"height":9}},{"id":"50244319-d857-4e8b-b722-acff747277c5","block_type":"box","text":"0.15%","page_number":17,"box":{"x":910,"y":323,"width":46,"height":9}},{"id":"48c98e91-2460-4d54-bf55-07c2634085f0","block_type":"box","text":"X Class","page_number":17,"box":{"x":597,"y":337,"width":57,"height":9}},{"id":"ac33d647-785e-44a7-aad4-c0744de736d1","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":337,"width":46,"height":9}},{"id":"881a4f6c-f10d-4219-8bdd-3b42c636230f","block_type":"box","text":"0.21%","page_number":17,"box":{"x":809,"y":337,"width":46,"height":9}},{"id":"02e46066-768b-4d43-a2d5-aa3674d18d8b","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":337,"width":27,"height":9}},{"id":"9b26b15e-c181-42b4-8cbd-819b544bbc26","block_type":"box","text":"X (GBP Hedged) Class","page_number":17,"box":{"x":483,"y":351,"width":171,"height":11}},{"id":"0ceb5a2c-7ff9-4747-a533-ea8c209692d0","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":351,"width":46,"height":9}},{"id":"3185c3ff-fa7a-48a0-862e-f202237678de","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":351,"width":26,"height":8}},{"id":"b8fb0723-c437-49dc-bc25-51c11a5c9035","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":351,"width":27,"height":8}},{"id":"673cc5ac-d417-42e2-aa3c-725c1124fc0d","block_type":"box","text":"Z Class","page_number":17,"box":{"x":598,"y":364,"width":56,"height":9}},{"id":"def01c12-ec74-44f4-80ba-7ba611bfeede","block_type":"box","text":"0.18%","page_number":17,"box":{"x":709,"y":364,"width":46,"height":9}},{"id":"41e2fa74-fadf-4ad2-bc98-1a3f14a7e822","block_type":"box","text":"0.18%","page_number":17,"box":{"x":809,"y":364,"width":46,"height":9}},{"id":"cec5f186-18a8-41b8-b444-d5d739c27fda","block_type":"box","text":"0.18%","page_number":17,"box":{"x":910,"y":364,"width":46,"height":9}},{"id":"07045047-76ec-4732-aa52-49f5af684c2a","block_type":"box","text":"Z (GBP Hedged) Class","page_number":17,"box":{"x":484,"y":378,"width":170,"height":11}},{"id":"80f7f3ee-eee9-4b3f-a8f1-ac0c3ad87f35","block_type":"box","text":"0.18%","page_number":17,"box":{"x":709,"y":378,"width":46,"height":9}},{"id":"09833a3d-4e32-4e20-93db-dba21fc175ec","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"b7e4cb42-a0c0-4866-8ac6-d9a62c515e77","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":378,"width":27,"height":9}},{"id":"22d33cbb-eb84-488b-b748-f740598bb0d6","block_type":"box","text":"A EUR Class","page_number":17,"box":{"x":558,"y":392,"width":96,"height":9}},{"id":"2b567f45-1237-46ab-840f-763b196be681","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":392,"width":46,"height":9}},{"id":"0dd6f9e2-8885-430e-93a3-3dd7ca953105","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"a44b283a-75a3-4840-858c-157a05f307e9","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":392,"width":27,"height":9}},{"id":"3dced7d9-69d4-4f3d-89af-6db5ae4451f8","block_type":"box","text":"F EUR Class","page_number":17,"box":{"x":559,"y":406,"width":95,"height":9}},{"id":"164bf759-65a3-4e47-8def-e84d8b96e6d5","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":406,"width":46,"height":9}},{"id":"6b6899e9-b110-40a3-b74b-7836d8e07f4a","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":406,"width":26,"height":9}},{"id":"1974808a-82c0-408a-8cc0-3984954c003a","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":406,"width":27,"height":9}},{"id":"abc6e458-951f-49c0-903e-412a51bc5df3","block_type":"box","text":"I EUR Class","page_number":17,"box":{"x":565,"y":420,"width":89,"height":8}},{"id":"d5149979-7dff-4852-b55f-2dd49664e32f","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":419,"width":46,"height":10}},{"id":"54a03844-2fe0-40b8-88dc-58b9a9801dc1","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"124c7fa3-dfb2-41dd-9f9f-7b59a51156a6","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":419,"width":27,"height":9}},{"id":"645f312a-5a3b-4baa-8918-1ee0abae4cac","block_type":"box","text":"I (EUR Hedged) Class","page_number":17,"box":{"x":490,"y":433,"width":164,"height":11}},{"id":"ba12de41-6d90-49b2-8deb-07fa060e5a06","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":433,"width":46,"height":9}},{"id":"b22a9197-c3f9-4275-829f-4af9f030e13f","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"88359486-b12e-4dd4-8508-dee4890e795d","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":433,"width":27,"height":9}},{"id":"49f05ab4-c88b-4d37-beb8-aab5fff5797a","block_type":"box","text":"V EUR Class","page_number":17,"box":{"x":557,"y":447,"width":97,"height":9}},{"id":"13134d6e-c014-411e-934b-8f098d8e654c","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":447,"width":46,"height":9}},{"id":"1e2eb944-4a37-4990-b337-ac9fe4d246dd","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":447,"width":26,"height":9}},{"id":"2a6f2005-dd88-4fec-8566-2ce028e48771","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":447,"width":27,"height":9}},{"id":"858985e8-8a80-470c-86a6-ed58da3e7ae8","block_type":"box","text":"V (EUR Hedged) Class","page_number":17,"box":{"x":482,"y":461,"width":172,"height":11}},{"id":"2e2b2af4-cd71-4996-aada-f4b2cb6df28a","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":461,"width":46,"height":9}},{"id":"08977f1c-1c7a-4ce0-acf3-ee56806aef3f","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":461,"width":26,"height":9}},{"id":"4e9c853a-8ab3-42ad-8cd5-235ff0cd3e0c","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":461,"width":27,"height":9}},{"id":"44923179-bcf0-42ff-aba5-2322848ba967","block_type":"box","text":"X EUR Class","page_number":17,"box":{"x":557,"y":475,"width":97,"height":8}},{"id":"9a6f0752-e454-4386-889c-99276e75efb3","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":475,"width":46,"height":9}},{"id":"edeb9b05-ff62-4900-bec6-5968c9fa9e61","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":475,"width":26,"height":8}},{"id":"4f87ae0c-6580-4a04-97f0-0e1117b4627b","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":475,"width":27,"height":8}},{"id":"769860f7-3cbc-4223-8a71-74ea30027894","block_type":"box","text":"X (EUR Hedged) Class","page_number":17,"box":{"x":482,"y":488,"width":172,"height":12}},{"id":"82c800d7-5ba0-4415-87ff-c8aca5e7d1fe","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":488,"width":46,"height":9}},{"id":"a8d5f3e6-6b5f-4e89-a480-e894a22e35da","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":488,"width":26,"height":9}},{"id":"465395a7-e10e-4351-a481-58209e307365","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":488,"width":27,"height":9}},{"id":"9ba762f4-6c53-4f3e-bda4-ddcd0a66a01a","block_type":"box","text":"Z EUR Class","page_number":17,"box":{"x":558,"y":502,"width":96,"height":9}},{"id":"a9b2496e-afb4-45d0-a463-55b5964808b2","block_type":"box","text":"0.18%","page_number":17,"box":{"x":709,"y":502,"width":46,"height":9}},{"id":"c71b0a81-30b5-40dc-aae3-037a86a0b2ab","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"a6b5116c-c297-44fe-8775-00f16e3c3371","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"a7bc43aa-7955-443e-be73-73093553edf9","block_type":"box","text":"Z (EUR Hedged) Class","page_number":17,"box":{"x":483,"y":516,"width":171,"height":11}},{"id":"23b70784-bb4a-4d9a-b49d-d298662ae70e","block_type":"box","text":"0.18%","page_number":17,"box":{"x":709,"y":516,"width":46,"height":9}},{"id":"34b824f3-98e1-4389-9678-c3b7c203ed13","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":516,"width":26,"height":9}},{"id":"18a685a8-2dca-4127-8473-8d9670565545","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":516,"width":27,"height":9}},{"id":"973e27ed-f8f4-4625-941a-2528501ef66a","block_type":"box","text":"A USD Class","page_number":17,"box":{"x":558,"y":530,"width":96,"height":9}},{"id":"e8e423d5-fd2e-4c77-958d-d9b945c88f19","block_type":"box","text":"0.21%","page_number":17,"box":{"x":709,"y":530,"width":46,"height":9}},{"id":"a32eb2de-c8bb-4edd-96b0-8203c69766ac","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":530,"width":26,"height":9}},{"id":"fe632f75-2fa2-496a-b607-c6ef6b1e8778","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":530,"width":27,"height":9}},{"id":"0ee50400-0cb5-4270-9c13-f7f13bdf79f6","block_type":"box","text":"I USD Class","page_number":17,"box":{"x":565,"y":544,"width":89,"height":8}},{"id":"c0541780-c795-41b6-b318-33b67d3bce49","block_type":"box","text":"0.15%","page_number":17,"box":{"x":709,"y":543,"width":46,"height":10}},{"id":"100b7015-8b94-4e93-803b-4aa320ae2f58","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":543,"width":26,"height":9}},{"id":"a469bc46-c41c-422f-8f5f-39b9400a3864","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":543,"width":27,"height":9}},{"id":"39b5a3a8-531f-48f3-b817-5f2d170c0f61","block_type":"box","text":"Z USD Class","page_number":17,"box":{"x":558,"y":557,"width":96,"height":9}},{"id":"bf18bb4c-62ef-4fa1-9836-43aabd45fbd6","block_type":"box","text":"0.18%","page_number":17,"box":{"x":709,"y":557,"width":46,"height":9}},{"id":"90808055-95e4-40e0-9b81-eed8aea7c69b","block_type":"box","text":"N/A","page_number":17,"box":{"x":831,"y":557,"width":26,"height":9}},{"id":"f52a42e0-e2b9-420f-bbb4-a997c7104bc5","block_type":"box","text":"N/A","page_number":17,"box":{"x":931,"y":557,"width":27,"height":9}},{"id":"e3a28905-fef5-4ae1-bf5e-167e344ec382","block_type":"box","text":"17","page_number":18,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"667d82dc-06fc-4424-90d0-7c43c3b7f54c","block_type":"box","text":"SARASIN Funds ICVC","page_number":18,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"b1a7d53b-a7f4-47eb-8313-dc4fcee3bc44","block_type":"box","text":"Fund Details (continued)","page_number":18,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"ff53351c-4093-48d4-bdbd-23ef89b99fc3","block_type":"box","text":"Global","page_number":18,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"b27ffa76-8fea-4e7c-97d4-49fc78967a8a","block_type":"box","text":"Dividend","page_number":18,"box":{"x":700,"y":130,"width":55,"height":7}},{"id":"b5ac738f-ce1b-4c4d-bab2-870052bac191","block_type":"box","text":"Multi Asset –","page_number":18,"box":{"x":775,"y":119,"width":81,"height":6}},{"id":"0467b181-1704-4efa-b14c-8cc2127b4cad","block_type":"box","text":"Strategic","page_number":18,"box":{"x":799,"y":130,"width":57,"height":9}},{"id":"3993252e-00e3-4639-9aa5-b979300e146c","block_type":"box","text":"Responsible","page_number":18,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"e063b1e9-2e32-476e-9666-a1fb67ae7c57","block_type":"box","text":"Strategic","page_number":18,"box":{"x":900,"y":118,"width":57,"height":9}},{"id":"17d931eb-d501-4266-848b-be86f5914ca0","block_type":"box","text":"Bond","page_number":18,"box":{"x":924,"y":130,"width":32,"height":7}},{"id":"79497065-2255-4e08-b890-ec9933542edf","block_type":"box","text":"Fixed Rate Operating","page_number":18,"box":{"x":43,"y":157,"width":167,"height":11}},{"id":"20d34167-8dc8-45bf-8a44-b0f6e7dcd54e","block_type":"box","text":"Charge (FOC) (annual) (continued)","page_number":18,"box":{"x":43,"y":171,"width":273,"height":11}},{"id":"4e0ea650-7285-40d1-8f1a-231965c36af2","block_type":"box","text":"FOC Tier 2 (£300m-£600m sub-fund","page_number":18,"box":{"x":43,"y":199,"width":285,"height":11}},{"id":"d14cf4ab-6d67-46a8-9da9-8dcca0bfaafe","block_type":"box","text":"Net Asset Value)","page_number":18,"box":{"x":43,"y":213,"width":129,"height":11}},{"id":"5900c103-3086-46c4-bb57-ddc690545d76","block_type":"box","text":"A Class","page_number":18,"box":{"x":598,"y":213,"width":56,"height":9}},{"id":"66ec4ffd-e6dc-4650-a1a0-72c9ee484600","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":213,"width":46,"height":9}},{"id":"28702df9-a0f1-4280-b466-f3ffa9a868b9","block_type":"box","text":"0.16%","page_number":18,"box":{"x":809,"y":213,"width":46,"height":9}},{"id":"54439fa8-0488-451f-9755-6e2afce5cfcc","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":213,"width":27,"height":9}},{"id":"8decfa10-52fb-4b65-9468-570dce3fcc1f","block_type":"box","text":"D Class","page_number":18,"box":{"x":597,"y":227,"width":57,"height":8}},{"id":"49522082-4639-4ba0-b471-2b4b5d3c699a","block_type":"box","text":"0.15%","page_number":18,"box":{"x":709,"y":226,"width":46,"height":10}},{"id":"03470b07-ac26-4e7d-9c47-ca2d9607754d","block_type":"box","text":"0.21%","page_number":18,"box":{"x":809,"y":226,"width":46,"height":10}},{"id":"fd76f87a-d213-44fd-820d-2133310cfb75","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":226,"width":27,"height":9}},{"id":"0c8e4dbd-1342-446d-a520-dc873ba23ee6","block_type":"box","text":"D (GBP Hedged) Class","page_number":18,"box":{"x":483,"y":240,"width":171,"height":12}},{"id":"c4baefec-319e-4435-a9a0-cd3fa1057af8","block_type":"box","text":"0.15%","page_number":18,"box":{"x":709,"y":240,"width":46,"height":9}},{"id":"1ed37529-d3cc-41cd-bc92-342896cfd77b","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"cefaf877-75ef-499c-9dab-123b8787bda7","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"d098aec7-6a0e-4fb2-b2f3-2d72000021be","block_type":"box","text":"F Class","page_number":18,"box":{"x":599,"y":254,"width":55,"height":9}},{"id":"a8371ad5-03eb-4e64-af57-0a6ccea5b34a","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":254,"width":46,"height":9}},{"id":"3b2bdc30-91ba-4563-a30e-480bdfd1341f","block_type":"box","text":"0.16%","page_number":18,"box":{"x":809,"y":254,"width":46,"height":9}},{"id":"7f00dfb3-879b-4e99-aef3-1e818d13270a","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":254,"width":27,"height":9}},{"id":"cd32070e-e0d0-4a61-8295-7e446f2b6c45","block_type":"box","text":"I Class","page_number":18,"box":{"x":605,"y":268,"width":49,"height":9}},{"id":"49ef4f1d-ca03-46ec-85ea-7df5881187f6","block_type":"box","text":"0.10%","page_number":18,"box":{"x":709,"y":268,"width":46,"height":9}},{"id":"0b18b2eb-0169-4552-b967-8e0729022aa8","block_type":"box","text":"0.16%","page_number":18,"box":{"x":809,"y":268,"width":46,"height":9}},{"id":"b8622849-953c-487b-a0db-2a349f7881d6","block_type":"box","text":"0.16%","page_number":18,"box":{"x":910,"y":268,"width":46,"height":9}},{"id":"7ccf02fe-18f7-4355-8f28-c42c46830289","block_type":"box","text":"I (GBP Hedged) Class","page_number":18,"box":{"x":491,"y":282,"width":163,"height":11}},{"id":"6d598504-f049-40f7-8f9a-45632fdb718e","block_type":"box","text":"0.10%","page_number":18,"box":{"x":709,"y":282,"width":46,"height":9}},{"id":"df300064-a0e7-4f98-8e5c-b04a395568fe","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":282,"width":26,"height":9}},{"id":"21859d7c-db77-4782-be42-360f28a0fcf1","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":282,"width":27,"height":9}},{"id":"2892b861-ed19-41a0-9a37-d5c6979ce62d","block_type":"box","text":"P Class","page_number":18,"box":{"x":599,"y":296,"width":55,"height":8}},{"id":"4172e219-82c7-487a-aaae-2d02472184c9","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":295,"width":46,"height":9}},{"id":"ee384c24-f950-4e4f-bcd7-501be791c008","block_type":"box","text":"0.16%","page_number":18,"box":{"x":809,"y":295,"width":46,"height":9}},{"id":"c6b06d7e-79da-4c89-a308-3d5b71a2238e","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"a4fe4979-07a7-417e-b440-9eba8a9feb16","block_type":"box","text":"P (GBP Hedged) Class","page_number":18,"box":{"x":484,"y":309,"width":170,"height":11}},{"id":"a0ab3b59-fb5f-4365-af5a-766df2f2a1c9","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":309,"width":46,"height":9}},{"id":"8aee1781-d2ff-409c-ba0c-f1f9d3b1cabd","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"9dac5034-240c-41e4-8980-6a08c4647a22","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":309,"width":27,"height":9}},{"id":"10397287-9a07-43dd-aa39-fd2afea72496","block_type":"box","text":"V Class","page_number":18,"box":{"x":597,"y":323,"width":57,"height":9}},{"id":"538c3519-4a50-48a9-9baf-8d9ce770ac75","block_type":"box","text":"0.15%","page_number":18,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"1c5dd245-dfc9-431c-b12f-7eddbb8c9484","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":323,"width":26,"height":9}},{"id":"36929782-4d28-47cb-8c20-314625cf467e","block_type":"box","text":"0.15%","page_number":18,"box":{"x":910,"y":323,"width":46,"height":9}},{"id":"ce462f50-e1b0-40d1-b34b-29b47a735d76","block_type":"box","text":"X Class","page_number":18,"box":{"x":597,"y":337,"width":57,"height":9}},{"id":"fc0ef784-ab2e-4af6-af0a-eb9c6eb9eadf","block_type":"box","text":"0.21%","page_number":18,"box":{"x":709,"y":337,"width":46,"height":9}},{"id":"45e52f29-ac65-4518-8469-018ee736934c","block_type":"box","text":"0.21%","page_number":18,"box":{"x":809,"y":337,"width":46,"height":9}},{"id":"2c6da223-2448-4e10-839b-51d382269b38","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":337,"width":27,"height":9}},{"id":"6769f862-165a-4e08-b759-e26276491f23","block_type":"box","text":"X (GBP Hedged) Class","page_number":18,"box":{"x":483,"y":351,"width":171,"height":11}},{"id":"d553dd13-d9c0-4f93-b8ef-2254eb6838fe","block_type":"box","text":"0.21%","page_number":18,"box":{"x":709,"y":351,"width":46,"height":9}},{"id":"0c96fe9a-8f25-4aa8-889e-ce3b71588849","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":351,"width":26,"height":8}},{"id":"a406526b-efc1-4bc4-913b-d0a77a68aef1","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":351,"width":27,"height":8}},{"id":"4cde4485-ffa4-498f-bb4d-6b5ae34a5ba4","block_type":"box","text":"Z Class","page_number":18,"box":{"x":598,"y":364,"width":56,"height":9}},{"id":"d0157d50-48f9-4c6f-b724-94d71246b6be","block_type":"box","text":"0.18%","page_number":18,"box":{"x":709,"y":364,"width":46,"height":9}},{"id":"38665c8a-4d68-4393-b736-b8570cfa95c4","block_type":"box","text":"0.18%","page_number":18,"box":{"x":809,"y":364,"width":46,"height":9}},{"id":"9f51065c-21e2-4120-a355-c4d655559f0b","block_type":"box","text":"0.18%","page_number":18,"box":{"x":910,"y":364,"width":46,"height":9}},{"id":"a4fbbd38-ecca-4a52-a75d-18c08b8ceaf2","block_type":"box","text":"Z (GBP Hedged) Class","page_number":18,"box":{"x":484,"y":378,"width":170,"height":11}},{"id":"9d94beda-9f53-4bb5-8ec2-16f667b09bad","block_type":"box","text":"0.18%","page_number":18,"box":{"x":709,"y":378,"width":46,"height":9}},{"id":"ca6e2f04-793a-4e8d-8403-e7e2dbe15c8f","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"eee6d042-a782-428a-a8bc-d2f722352b43","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":378,"width":27,"height":9}},{"id":"c8b03b9c-2990-4332-b6d9-57355431c530","block_type":"box","text":"A EUR Class","page_number":18,"box":{"x":558,"y":392,"width":96,"height":9}},{"id":"fe9882b2-4f1a-406a-8335-32381ccd8505","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":392,"width":46,"height":9}},{"id":"dbfa11fa-d4cc-43f1-8451-a9f6f4653d9a","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"1d5d57b9-2364-46f4-b00b-6cf1eb8a9008","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":392,"width":27,"height":9}},{"id":"62c667f0-040e-4f81-87bd-41bd3ac62cca","block_type":"box","text":"F EUR Class","page_number":18,"box":{"x":559,"y":406,"width":95,"height":9}},{"id":"3b99e368-94f0-4ebc-9fed-a209cd8edf6f","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":406,"width":46,"height":9}},{"id":"e7a796bc-ee37-4f77-a58e-117d1ff1f57d","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":406,"width":26,"height":9}},{"id":"61f95296-cacf-4485-9965-a442cda6ccd6","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":406,"width":27,"height":9}},{"id":"5c7848dd-e490-4313-832f-dad428a798aa","block_type":"box","text":"I EUR Class","page_number":18,"box":{"x":565,"y":420,"width":89,"height":8}},{"id":"7d21e306-e227-4213-bad9-c729ee13f7a9","block_type":"box","text":"0.10%","page_number":18,"box":{"x":709,"y":419,"width":46,"height":10}},{"id":"d2490834-3260-47b5-969f-b4a2a0e5b5ca","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"6c6599bb-7fd8-4fc7-95c0-e71f30aec64a","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":419,"width":27,"height":9}},{"id":"785e3e36-63b6-4d25-b70b-7d0c55894d73","block_type":"box","text":"I (EUR Hedged) Class","page_number":18,"box":{"x":490,"y":433,"width":164,"height":11}},{"id":"3d45703f-efcd-40f7-bdc2-41e2dd44aac9","block_type":"box","text":"0.10%","page_number":18,"box":{"x":709,"y":433,"width":46,"height":9}},{"id":"e7ae30c8-76e8-457f-958c-589b7fc9acc0","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"600bb782-ae4f-4f58-8998-de2f071eab0a","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":433,"width":27,"height":9}},{"id":"dfbb3b5a-6f79-469a-8065-0094cd4cc490","block_type":"box","text":"V EUR Class","page_number":18,"box":{"x":557,"y":447,"width":97,"height":9}},{"id":"7af8b645-3a43-42db-96ca-0769626ceb3c","block_type":"box","text":"0.15%","page_number":18,"box":{"x":709,"y":447,"width":46,"height":9}},{"id":"7665652a-2b11-4b3f-a093-038856bf6ee9","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":447,"width":26,"height":9}},{"id":"ff6d0b07-8336-492d-8891-a751554b9498","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":447,"width":27,"height":9}},{"id":"5dbdb8bd-5e76-4b49-a87c-ee1540e7679b","block_type":"box","text":"V (EUR Hedged) Class","page_number":18,"box":{"x":482,"y":461,"width":172,"height":11}},{"id":"0fda4947-cee0-4634-9197-5a75e70cf2fd","block_type":"box","text":"0.15%","page_number":18,"box":{"x":709,"y":461,"width":46,"height":9}},{"id":"1891ff8d-f70a-40b9-868e-f5b5dc9780d2","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":461,"width":26,"height":9}},{"id":"ccfe8877-5f85-46d2-bd4f-7f718ae00638","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":461,"width":27,"height":9}},{"id":"69eaf064-9346-4546-913c-2954f985124c","block_type":"box","text":"X EUR Class","page_number":18,"box":{"x":557,"y":475,"width":97,"height":8}},{"id":"1808cf91-69a8-440e-967d-3be30bfa2ba0","block_type":"box","text":"0.21%","page_number":18,"box":{"x":709,"y":475,"width":46,"height":9}},{"id":"b2701595-8563-4973-88f9-d520fbc19bdc","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":475,"width":26,"height":8}},{"id":"612dd9a3-67c9-4280-b123-d0a5eeb97636","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":475,"width":27,"height":8}},{"id":"c738e40e-8b99-43da-aa90-b41df375ee8d","block_type":"box","text":"X (EUR Hedged) Class","page_number":18,"box":{"x":482,"y":488,"width":172,"height":12}},{"id":"a17c7587-2896-41fc-a82b-eca9becbe30b","block_type":"box","text":"0.21%","page_number":18,"box":{"x":709,"y":488,"width":46,"height":9}},{"id":"a6f63969-0f81-49d0-a7bc-adab66fe55b8","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":488,"width":26,"height":9}},{"id":"c6366442-9605-4389-8a60-d9d9ea2b2156","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":488,"width":27,"height":9}},{"id":"1489cf6e-4224-4644-bb83-651a14f58c45","block_type":"box","text":"Z EUR Class","page_number":18,"box":{"x":558,"y":502,"width":96,"height":9}},{"id":"27e2f2d1-6b2e-4441-b571-c0eb6a2e2219","block_type":"box","text":"0.18%","page_number":18,"box":{"x":709,"y":502,"width":46,"height":9}},{"id":"6c5aa52a-a9eb-42f4-ac0e-7d2ece69e41c","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"96732c1b-55dd-431c-968b-e13e2a3dfb5a","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"6a116a37-6e67-43b6-bb42-4ab8cd8b122c","block_type":"box","text":"Z (EUR Hedged) Class","page_number":18,"box":{"x":483,"y":516,"width":171,"height":11}},{"id":"490418e0-e2ad-4a2e-8481-4a52b167bb8f","block_type":"box","text":"0.18%","page_number":18,"box":{"x":709,"y":516,"width":46,"height":9}},{"id":"f63619a2-c6c5-432e-8b39-26a639e23913","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":516,"width":26,"height":9}},{"id":"476f5376-1cbe-4398-8fb8-60c233ae39f3","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":516,"width":27,"height":9}},{"id":"4924cd6a-7e7e-4f8f-a98c-0056cd3d0d03","block_type":"box","text":"A USD Class","page_number":18,"box":{"x":558,"y":530,"width":96,"height":9}},{"id":"98f4c025-a6c4-4377-a20f-932457883437","block_type":"box","text":"0.16%","page_number":18,"box":{"x":709,"y":530,"width":46,"height":9}},{"id":"d9bdbdb0-4fbd-4ae6-85e3-c22b3101b635","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":530,"width":26,"height":9}},{"id":"a132d127-7a73-4653-8134-3e52ca9fb18e","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":530,"width":27,"height":9}},{"id":"02ba8741-ae28-4664-b27b-c408d13e7477","block_type":"box","text":"I USD Class","page_number":18,"box":{"x":565,"y":544,"width":89,"height":8}},{"id":"79cadc5e-69c5-44c9-939e-1455d93de925","block_type":"box","text":"0.10%","page_number":18,"box":{"x":709,"y":543,"width":46,"height":10}},{"id":"8bb66989-385f-4a5e-8ae3-910519b79d5e","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":543,"width":26,"height":9}},{"id":"db88aa72-94b4-44f0-b820-9ec8bcf01cee","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":543,"width":27,"height":9}},{"id":"d43bb581-5829-4ee7-9f00-4ab231d7d157","block_type":"box","text":"Z USD Class","page_number":18,"box":{"x":558,"y":557,"width":96,"height":9}},{"id":"a0749421-59c2-4eef-8f2c-9cbf372c1b3e","block_type":"box","text":"0.18%","page_number":18,"box":{"x":709,"y":557,"width":46,"height":9}},{"id":"ca69757a-32c0-46da-b108-a1752418699f","block_type":"box","text":"N/A","page_number":18,"box":{"x":831,"y":557,"width":26,"height":9}},{"id":"09345c30-e0ed-4ea1-b2a0-1e951f8b7288","block_type":"box","text":"N/A","page_number":18,"box":{"x":931,"y":557,"width":27,"height":9}},{"id":"7342ef10-746c-43cb-9475-16aaff00cc3f","block_type":"box","text":"18","page_number":19,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"d7b31191-76a1-4049-a3f6-4904fc5b9ab8","block_type":"box","text":"19","page_number":19,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"d8e243e4-c31a-42e3-a743-35a5eb550ee6","block_type":"box","text":"SARASIN Funds ICVC","page_number":19,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"e87a2b32-a496-4635-8887-d41edeb4778f","block_type":"box","text":"Fund Details (continued)","page_number":19,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"7d3f52a8-929a-4f04-b5c6-86f2a3d2956a","block_type":"box","text":"Global","page_number":19,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"86f32612-826e-4234-81f5-be579c9355bc","block_type":"box","text":"Dividend","page_number":19,"box":{"x":700,"y":130,"width":55,"height":7}},{"id":"fd447561-d8a0-4b5a-a8a9-dfbec3dc1b5d","block_type":"box","text":"Multi Asset –","page_number":19,"box":{"x":775,"y":119,"width":81,"height":6}},{"id":"a51f1eb9-46ed-44dd-ba2d-91e07210480e","block_type":"box","text":"Strategic","page_number":19,"box":{"x":799,"y":130,"width":57,"height":9}},{"id":"4e0ff552-1ebf-40b8-84bb-6e4dc4e1e9ba","block_type":"box","text":"Responsible","page_number":19,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"bdbb92b9-c396-48c7-bfbf-153b605857cf","block_type":"box","text":"Strategic","page_number":19,"box":{"x":900,"y":118,"width":57,"height":9}},{"id":"63938918-3ef6-4dc8-bc9b-cb1928b7a504","block_type":"box","text":"Bond","page_number":19,"box":{"x":924,"y":130,"width":32,"height":7}},{"id":"dd1d98b2-f9cf-443a-8bf8-1436c1ad6de5","block_type":"box","text":"Fixed Rate Operating","page_number":19,"box":{"x":43,"y":157,"width":167,"height":11}},{"id":"39e1a15b-4681-4538-9244-7920231307ff","block_type":"box","text":"Charge (FOC) (annual) (continued)","page_number":19,"box":{"x":43,"y":171,"width":273,"height":11}},{"id":"f0eb0a15-f70a-4cf0-9c92-c223501c9121","block_type":"box","text":"FOC Tier 3 (£600m+ sub-fund","page_number":19,"box":{"x":43,"y":199,"width":237,"height":11}},{"id":"27254f57-60a2-4ba9-b3d4-b054ec00beb7","block_type":"box","text":"Net Asset Value)","page_number":19,"box":{"x":43,"y":213,"width":129,"height":11}},{"id":"50739506-3b5f-493a-bbd2-53ba429c1b71","block_type":"box","text":"A Class","page_number":19,"box":{"x":598,"y":213,"width":56,"height":9}},{"id":"bf62a25e-1059-4bfb-b92d-36a489528338","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":213,"width":45,"height":9}},{"id":"28bb1d1f-e269-4c59-bc96-711ea335da4f","block_type":"box","text":"0.11%","page_number":19,"box":{"x":811,"y":213,"width":44,"height":9}},{"id":"93662abb-3905-4bfd-ba65-c6a26e63679d","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":213,"width":27,"height":9}},{"id":"1c084711-ffe9-47ce-aa17-45be43807817","block_type":"box","text":"D Class","page_number":19,"box":{"x":597,"y":227,"width":57,"height":8}},{"id":"2fadc067-2e6f-4c6a-8c25-08ceb85b5147","block_type":"box","text":"0.15%","page_number":19,"box":{"x":709,"y":226,"width":46,"height":10}},{"id":"b18b03c8-462c-45df-91ee-08225ac0614a","block_type":"box","text":"0.21%","page_number":19,"box":{"x":809,"y":226,"width":46,"height":10}},{"id":"f8e9fc8c-c207-4a1f-89eb-d4e7122673d2","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":226,"width":27,"height":9}},{"id":"eeea84a6-df65-406c-ad03-9ec058f28888","block_type":"box","text":"D (GBP Hedged) Class","page_number":19,"box":{"x":483,"y":240,"width":171,"height":12}},{"id":"6476ccc1-afe4-4c71-8fc4-2f988f67e2d6","block_type":"box","text":"0.15%","page_number":19,"box":{"x":709,"y":240,"width":46,"height":9}},{"id":"7daab4d7-f0f5-4b0b-afe1-800920675ee5","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"15423d96-18e5-4345-8ca7-f6facc6f3e62","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"1482b5dd-126f-41eb-8bda-f52655647bb1","block_type":"box","text":"F Class","page_number":19,"box":{"x":599,"y":254,"width":55,"height":9}},{"id":"cf21fe4f-65af-4b84-9d69-3a96d97f20f2","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":254,"width":45,"height":9}},{"id":"e0cbca1a-9341-4f5d-9923-67686f1394e1","block_type":"box","text":"0.11%","page_number":19,"box":{"x":811,"y":254,"width":44,"height":9}},{"id":"5908cd79-5168-4095-9894-eceeef62d2a2","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":254,"width":27,"height":9}},{"id":"a788b619-92f9-45b0-bd8e-92a912616a88","block_type":"box","text":"I Class","page_number":19,"box":{"x":605,"y":268,"width":49,"height":9}},{"id":"68bcc823-7f12-4106-acbb-12e8cc352b8b","block_type":"box","text":"0.05%","page_number":19,"box":{"x":709,"y":268,"width":46,"height":9}},{"id":"eca79779-1ae7-4d87-a807-ebb95f604a6f","block_type":"box","text":"0.11%","page_number":19,"box":{"x":811,"y":268,"width":44,"height":9}},{"id":"411b81fe-4689-4cd2-b3b3-9ecf315afd36","block_type":"box","text":"0.11%","page_number":19,"box":{"x":912,"y":268,"width":44,"height":9}},{"id":"9d57acdb-9dc2-4343-986e-9b8f7b657e41","block_type":"box","text":"I (GBP Hedged) Class","page_number":19,"box":{"x":491,"y":282,"width":163,"height":11}},{"id":"d34405e2-e414-4aaf-b203-00d5a84db9fc","block_type":"box","text":"0.05%","page_number":19,"box":{"x":709,"y":282,"width":46,"height":9}},{"id":"e12a3c05-0ed4-4bcd-928b-96db6db2e429","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":282,"width":26,"height":9}},{"id":"6f39c7ea-493b-4c26-9bc7-eecda28b234c","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":282,"width":27,"height":9}},{"id":"2236e1ed-366b-407f-871d-5da4a99f63af","block_type":"box","text":"P Class","page_number":19,"box":{"x":599,"y":296,"width":55,"height":8}},{"id":"be5a19f6-871e-479e-83e7-845f03de0906","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":295,"width":45,"height":9}},{"id":"b001648f-1784-4ae3-8dee-085651b63e0f","block_type":"box","text":"0.11%","page_number":19,"box":{"x":811,"y":295,"width":44,"height":9}},{"id":"5b91714b-29f8-4c8f-845a-0ce3d2440126","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"052c8993-78ee-4a10-9413-a8b4bb8b01c1","block_type":"box","text":"P (GBP Hedged) Class","page_number":19,"box":{"x":484,"y":309,"width":170,"height":11}},{"id":"2c1fce57-652c-4e1a-8940-bec0b81fc9dd","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":309,"width":45,"height":9}},{"id":"cb3618b0-a349-430b-a20c-c16dc0db7db5","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"8ae1c3f1-3bed-45e5-8047-6ed61e0df1c9","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":309,"width":27,"height":9}},{"id":"63249e4c-a3d8-45f9-911d-3173f4cac230","block_type":"box","text":"V Class","page_number":19,"box":{"x":597,"y":323,"width":57,"height":9}},{"id":"51ce0e61-8858-4ac6-b1c5-226c9fb7675d","block_type":"box","text":"0.15%","page_number":19,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"6d86cd16-4db6-4bca-a905-bd8ab245f282","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":323,"width":26,"height":9}},{"id":"c237e0b8-cfe1-4e57-9f90-4f738a12d8ba","block_type":"box","text":"0.15%","page_number":19,"box":{"x":910,"y":323,"width":46,"height":9}},{"id":"0d9f389e-49d4-4dba-bfb6-50aed10c5e6a","block_type":"box","text":"X Class","page_number":19,"box":{"x":597,"y":337,"width":57,"height":9}},{"id":"5d25a4cc-defe-4a79-9206-88f4f4dff2e0","block_type":"box","text":"0.21%","page_number":19,"box":{"x":709,"y":337,"width":46,"height":9}},{"id":"3cc111c7-7f7a-4d89-b963-21ade9ba85d3","block_type":"box","text":"0.21%","page_number":19,"box":{"x":809,"y":337,"width":46,"height":9}},{"id":"e746fcc4-ba52-4b55-ac89-e814c48fdf14","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":337,"width":27,"height":9}},{"id":"fc3fa328-d8e4-4c82-bd2c-a71fd51eaa4d","block_type":"box","text":"X (GBP Hedged) Class","page_number":19,"box":{"x":483,"y":351,"width":171,"height":11}},{"id":"ba21fcbb-e951-4705-af45-7c4afcf04506","block_type":"box","text":"0.21%","page_number":19,"box":{"x":709,"y":351,"width":46,"height":9}},{"id":"1d251699-97eb-4828-86d9-45db10ef931f","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":351,"width":26,"height":8}},{"id":"db65e62e-3bb3-40a6-ac0c-4c0f84c8deca","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":351,"width":27,"height":8}},{"id":"605b518b-26e1-4eec-b029-a66830bd1819","block_type":"box","text":"Z Class","page_number":19,"box":{"x":598,"y":364,"width":56,"height":9}},{"id":"7bf95fb0-775e-4c1b-9113-ff255abe14df","block_type":"box","text":"0.18%","page_number":19,"box":{"x":709,"y":364,"width":46,"height":9}},{"id":"685d9625-9934-4a3b-aa49-bc6871abbea0","block_type":"box","text":"0.18%","page_number":19,"box":{"x":809,"y":364,"width":46,"height":9}},{"id":"246c7c6b-6932-458b-b553-44ef972ba914","block_type":"box","text":"0.18%","page_number":19,"box":{"x":910,"y":364,"width":46,"height":9}},{"id":"3050fd98-9cd2-4ed3-8ad4-6687fd0210dc","block_type":"box","text":"Z (GBP Hedged) Class","page_number":19,"box":{"x":484,"y":378,"width":170,"height":11}},{"id":"51baf1a2-8573-4c2c-b907-b74ea4e8770e","block_type":"box","text":"0.18%","page_number":19,"box":{"x":709,"y":378,"width":46,"height":9}},{"id":"be88da88-39b8-4ce5-bfcd-ebc3b640b679","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"9cb143a5-baab-41ff-975d-a95c1388a606","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":378,"width":27,"height":9}},{"id":"ca6e86af-efbe-41b3-a8a5-33b9b40c34db","block_type":"box","text":"A EUR Class","page_number":19,"box":{"x":558,"y":392,"width":96,"height":9}},{"id":"57725aa4-b749-400e-9641-ac2880ee8a12","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":392,"width":45,"height":9}},{"id":"3d012905-481c-409a-b7ba-1e801093da47","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"b7a3d235-1be4-4999-84e9-9f58f48a54b8","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":392,"width":27,"height":9}},{"id":"5b5bc95b-6850-4c97-82f3-94760118d4ef","block_type":"box","text":"F EUR Class","page_number":19,"box":{"x":559,"y":406,"width":95,"height":9}},{"id":"ff9839a9-70fc-46ac-95c8-fee0d3a65eda","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":406,"width":45,"height":9}},{"id":"c475d3c2-7c84-47b4-b6c9-e1ba765378a6","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":406,"width":26,"height":9}},{"id":"fe03dd4f-643e-44aa-ad06-9c2a70c89f5d","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":406,"width":27,"height":9}},{"id":"3c20d2e1-2917-4378-b39b-921b6b2dafd5","block_type":"box","text":"I EUR Class","page_number":19,"box":{"x":565,"y":420,"width":89,"height":8}},{"id":"bcb53531-47ec-4036-a394-cdb27a04c1c5","block_type":"box","text":"0.05%","page_number":19,"box":{"x":709,"y":419,"width":46,"height":10}},{"id":"2d7e3300-a65f-48aa-8923-657793b6d509","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"3c15277e-2518-4ff7-aa0e-e64755fc1cf9","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":419,"width":27,"height":9}},{"id":"cd8c8bd4-f93c-4897-babb-fc9b25dcacec","block_type":"box","text":"I (EUR Hedged) Class","page_number":19,"box":{"x":490,"y":433,"width":164,"height":11}},{"id":"070ded31-8770-4808-b248-b6fb03294f76","block_type":"box","text":"0.05%","page_number":19,"box":{"x":709,"y":433,"width":46,"height":9}},{"id":"bf387fbc-9b05-4477-8634-4b93308179ff","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"d5003407-c668-4213-beca-fea77a37f4ec","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":433,"width":27,"height":9}},{"id":"fc45a041-0c7c-4586-a13d-8e8739ab0b9a","block_type":"box","text":"V EUR Class","page_number":19,"box":{"x":557,"y":447,"width":97,"height":9}},{"id":"2f649206-69d9-4412-9325-4cc6188edd3a","block_type":"box","text":"0.15%","page_number":19,"box":{"x":709,"y":447,"width":46,"height":9}},{"id":"503f9dd6-c2d9-4d87-8f82-cd73388202dc","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":447,"width":26,"height":9}},{"id":"2e661392-0a6e-480f-887c-e4ae0ace7703","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":447,"width":27,"height":9}},{"id":"8c5bf905-b153-4d9a-ab35-7f88de0b03bf","block_type":"box","text":"V (EUR Hedged) Class","page_number":19,"box":{"x":482,"y":461,"width":172,"height":11}},{"id":"f2a090d1-7fc7-4248-9f37-2014cf96951d","block_type":"box","text":"0.15%","page_number":19,"box":{"x":709,"y":461,"width":46,"height":9}},{"id":"2deb0307-b2bc-4ed0-a76d-3598f4bb11f8","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":461,"width":26,"height":9}},{"id":"a4339683-8763-4510-93f7-f2cc41db1bee","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":461,"width":27,"height":9}},{"id":"15765800-e657-4d1c-89f5-31d26fabe5b3","block_type":"box","text":"X EUR Class","page_number":19,"box":{"x":557,"y":475,"width":97,"height":8}},{"id":"4b5cb9a7-dc3f-4ced-a649-bf9ece9fd5a5","block_type":"box","text":"0.21%","page_number":19,"box":{"x":709,"y":475,"width":46,"height":9}},{"id":"7bf859b1-8676-4fb5-b691-dee407bfb715","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":475,"width":26,"height":8}},{"id":"4b4139e0-9921-407d-9b57-6276e80e7978","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":475,"width":27,"height":8}},{"id":"9c09b24d-43ef-4173-a00a-5022d8d8fa36","block_type":"box","text":"X (EUR Hedged) Class","page_number":19,"box":{"x":482,"y":488,"width":172,"height":12}},{"id":"083f9b2d-e2db-4466-b343-218d146229c3","block_type":"box","text":"0.21%","page_number":19,"box":{"x":709,"y":488,"width":46,"height":9}},{"id":"7eceb3c1-9d53-4e17-99d0-5e116e8c5900","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":488,"width":26,"height":9}},{"id":"001c21b3-5534-4086-9de1-01b473951415","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":488,"width":27,"height":9}},{"id":"33264cd4-7939-4b37-8918-0933dfb5bdb1","block_type":"box","text":"Z EUR Class","page_number":19,"box":{"x":558,"y":502,"width":96,"height":9}},{"id":"778d9c80-e964-4e83-ae83-776a12a6f4eb","block_type":"box","text":"0.18%","page_number":19,"box":{"x":709,"y":502,"width":46,"height":9}},{"id":"77b1f33e-83fb-4bb6-a61d-1fbe91aaf1b9","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"3af0bec3-a4c1-47f9-86bf-cf27a1528b0e","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"f12168dd-d7bc-4fde-80d4-036734a3cd8f","block_type":"box","text":"Z (EUR Hedged) Class","page_number":19,"box":{"x":483,"y":516,"width":171,"height":11}},{"id":"5ebd6eb8-f866-4c57-af09-b41e3d36205b","block_type":"box","text":"0.18%","page_number":19,"box":{"x":709,"y":516,"width":46,"height":9}},{"id":"160c7bfb-5ae8-41e0-8943-9fa311eaf1dc","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":516,"width":26,"height":9}},{"id":"9fa848f2-fe3a-4ce7-bdf0-839089f4641b","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":516,"width":27,"height":9}},{"id":"cbc15c9b-2a9c-466e-ad22-7431b285431d","block_type":"box","text":"A USD Class","page_number":19,"box":{"x":558,"y":530,"width":96,"height":9}},{"id":"23d66e2d-77b9-4b71-b3a1-774376557fc3","block_type":"box","text":"0.11%","page_number":19,"box":{"x":710,"y":530,"width":45,"height":9}},{"id":"11f0d2d0-da1c-48d3-aa3f-d87f76b548e9","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":530,"width":26,"height":9}},{"id":"9c1dfcb5-14c5-41c9-bbeb-1c095025cd32","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":530,"width":27,"height":9}},{"id":"a116da38-5bb2-4dae-be80-7b90b1461c17","block_type":"box","text":"I USD Class","page_number":19,"box":{"x":565,"y":544,"width":89,"height":8}},{"id":"3f1e1759-b5e8-4b62-8712-b874eb3f0f41","block_type":"box","text":"0.05%","page_number":19,"box":{"x":709,"y":543,"width":46,"height":10}},{"id":"4ab00349-55fd-47f1-ac30-1009f6c5395b","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":543,"width":26,"height":9}},{"id":"f243629b-5d00-4f72-abc3-e36f8d431199","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":543,"width":27,"height":9}},{"id":"35e1446b-cb53-4365-b7ab-9ff37892afa5","block_type":"box","text":"Z USD Class","page_number":19,"box":{"x":558,"y":557,"width":96,"height":9}},{"id":"a46729c0-6fe5-4537-829d-a764f109842b","block_type":"box","text":"0.18%","page_number":19,"box":{"x":709,"y":557,"width":46,"height":9}},{"id":"cac3bf56-5a9c-40af-8c06-5740e6ef44bb","block_type":"box","text":"N/A","page_number":19,"box":{"x":831,"y":557,"width":26,"height":9}},{"id":"ca873e7c-c93d-42fd-b808-bf4d151588d6","block_type":"box","text":"N/A","page_number":19,"box":{"x":931,"y":557,"width":27,"height":9}},{"id":"597e842c-4ac0-4f4c-8c3e-b88f6b574ee5","block_type":"box","text":"19","page_number":20,"box":{"x":492,"y":972,"width":16,"height":8}},{"id":"426f5537-2a34-4ab8-8837-0a36e70ce219","block_type":"box","text":"SARASIN Funds ICVC","page_number":20,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"35afa827-0cb2-43aa-97f4-0d79cf666009","block_type":"box","text":"Fund Details (continued)","page_number":20,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"8a8309c4-b3ad-4ba4-842f-c427763bda10","block_type":"box","text":"Global","page_number":20,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"151c131f-ffc0-4e25-a26c-ed6ddc3df968","block_type":"box","text":"Dividend","page_number":20,"box":{"x":700,"y":130,"width":55,"height":7}},{"id":"483f0a27-6c1a-4626-b0c6-5a2c1dab0ad1","block_type":"box","text":"Multi Asset –","page_number":20,"box":{"x":775,"y":119,"width":81,"height":6}},{"id":"7ee5f007-ccb6-4520-8d31-311a9ff335fa","block_type":"box","text":"Strategic","page_number":20,"box":{"x":799,"y":130,"width":57,"height":9}},{"id":"743e1670-e916-499c-b22c-f589a27afdfb","block_type":"box","text":"Responsible","page_number":20,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"9661e89f-d152-4db6-a436-393dd9912e85","block_type":"box","text":"Strategic","page_number":20,"box":{"x":900,"y":118,"width":57,"height":9}},{"id":"217be0ae-ce8b-4d45-a8f3-ad5a1d570690","block_type":"box","text":"Bond","page_number":20,"box":{"x":924,"y":130,"width":32,"height":7}},{"id":"5211069f-588c-4eff-bad2-acd44272fdfb","block_type":"box","text":"Share Types","page_number":20,"box":{"x":42,"y":157,"width":98,"height":11}},{"id":"02fd92eb-f234-4783-9a98-3a7217199bfa","block_type":"box","text":"Inc and Acc","page_number":20,"box":{"x":670,"y":157,"width":85,"height":9}},{"id":"353c1374-6b1d-49cf-92ac-f9eaf1eef940","block_type":"box","text":"Inc and Acc","page_number":20,"box":{"x":771,"y":157,"width":85,"height":9}},{"id":"f8af13f9-7291-4d99-bfc5-61010122c003","block_type":"box","text":"Inc and Acc","page_number":20,"box":{"x":872,"y":157,"width":85,"height":9}},{"id":"3a1a2232-f2bf-48dc-b0d5-d61ccee3673d","block_type":"box","text":"Minimum Initial","page_number":20,"box":{"x":43,"y":184,"width":120,"height":9}},{"id":"0c69f297-9f4b-46c2-9c61-783414e11300","block_type":"box","text":"Investment","page_number":20,"box":{"x":43,"y":199,"width":87,"height":8}},{"id":"c4b40d4a-9739-472c-b0ee-9bd95f4de506","block_type":"box","text":"A Class","page_number":20,"box":{"x":598,"y":198,"width":56,"height":9}},{"id":"b4993211-dd86-4abc-bbbd-677dd2c6a4e7","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":198,"width":51,"height":11}},{"id":"516915a8-ad3b-4c1e-98f6-d360ed514200","block_type":"box","text":"£1,000","page_number":20,"box":{"x":805,"y":198,"width":51,"height":11}},{"id":"3bc1fac6-e8c8-4eeb-a1c1-bcf126e4f881","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":198,"width":27,"height":9}},{"id":"3d5b22aa-2336-4de9-9257-7a8fa34a483d","block_type":"box","text":"D Class","page_number":20,"box":{"x":597,"y":212,"width":57,"height":9}},{"id":"b550060e-9e98-42b5-b880-22ad2b132e41","block_type":"box","text":"£5,000,000","page_number":20,"box":{"x":672,"y":212,"width":83,"height":11}},{"id":"ca315e16-04b6-421d-b918-1393fd33bb2c","block_type":"box","text":"£5,000,000","page_number":20,"box":{"x":773,"y":212,"width":83,"height":11}},{"id":"1442e75e-34d2-42c5-901d-b524e3047680","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":212,"width":27,"height":9}},{"id":"945db43a-a452-4615-9fd2-de6fa2925607","block_type":"box","text":"D (GBP Hedged) Class","page_number":20,"box":{"x":483,"y":226,"width":171,"height":11}},{"id":"f10ffab7-dde3-4a21-9b55-5aa120bba13c","block_type":"box","text":"£5,000,000","page_number":20,"box":{"x":672,"y":226,"width":83,"height":10}},{"id":"df84a28f-78c7-4e4a-8049-2f47ac6766b3","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":226,"width":26,"height":9}},{"id":"a1f2cf3d-7984-40f7-be25-9cdf2e737d1c","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":226,"width":27,"height":9}},{"id":"32030b2a-d254-4d3e-bd5f-539b029a0cc8","block_type":"box","text":"F Class","page_number":20,"box":{"x":599,"y":240,"width":55,"height":9}},{"id":"1e358627-42d9-40e6-b001-a6dd57643ef6","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":240,"width":51,"height":10}},{"id":"c59fc9a0-d37e-43d6-a195-12b54b34f341","block_type":"box","text":"£1,000","page_number":20,"box":{"x":805,"y":240,"width":51,"height":10}},{"id":"9b8e082a-a4d0-4aab-a768-996c6607c52f","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"b5d37314-624c-4451-a726-631ceaf8f78e","block_type":"box","text":"I Class","page_number":20,"box":{"x":605,"y":254,"width":49,"height":8}},{"id":"046d6946-266f-4ff0-aec2-5d9281c68f49","block_type":"box","text":"£1,000,000","page_number":20,"box":{"x":672,"y":254,"width":83,"height":10}},{"id":"9a11a9d1-f5c5-4672-a1ce-dc07a485d689","block_type":"box","text":"£1,000,000","page_number":20,"box":{"x":773,"y":254,"width":83,"height":10}},{"id":"e3f9390c-b861-4373-bcca-ada63f1179d7","block_type":"box","text":"£1,000,000","page_number":20,"box":{"x":873,"y":254,"width":83,"height":10}},{"id":"fcbdc28d-f2e7-47ba-a061-30b096342929","block_type":"box","text":"I (GBP Hedged) Class","page_number":20,"box":{"x":491,"y":267,"width":163,"height":12}},{"id":"1989b8da-f927-425a-8612-f8ccb39f8e09","block_type":"box","text":"£1,000,000","page_number":20,"box":{"x":672,"y":267,"width":83,"height":11}},{"id":"90bd74f7-e1e0-4987-9376-fccd297a6a64","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":267,"width":26,"height":9}},{"id":"6ab1fc28-30fd-451f-bf0d-763b451d7f1b","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":267,"width":27,"height":9}},{"id":"c3e9da70-72a8-421a-9df9-1a17d37a5a84","block_type":"box","text":"P Class","page_number":20,"box":{"x":599,"y":281,"width":55,"height":9}},{"id":"de995d79-006f-4060-a10d-617bf617c48f","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":281,"width":51,"height":11}},{"id":"05dbdeac-e023-42f6-a3e7-56beab45376f","block_type":"box","text":"£1,000","page_number":20,"box":{"x":805,"y":281,"width":51,"height":11}},{"id":"cc03c99a-37d1-4f06-83ec-867427cc3c3d","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":281,"width":27,"height":9}},{"id":"8ab977d5-6e16-4d63-88dd-46a7c7aff6bf","block_type":"box","text":"P (GBP Hedged) Class","page_number":20,"box":{"x":484,"y":295,"width":170,"height":11}},{"id":"60dba119-4760-4d62-a651-7198042fcd04","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":295,"width":51,"height":10}},{"id":"bad90df5-2933-4599-976b-34cf81d77cdb","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":295,"width":26,"height":9}},{"id":"e6a5c581-eeab-447b-aa5d-b23d62bc51ea","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"3aa1fe13-c5df-4eda-bc07-fe591716b7f9","block_type":"box","text":"V Class","page_number":20,"box":{"x":597,"y":309,"width":57,"height":9}},{"id":"140b9c0c-5cbe-454b-8ca7-7cf8c4568c19","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":309,"width":51,"height":10}},{"id":"522dac60-b880-44d3-aa20-3f0f28314657","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"6aeaa4c5-800c-4564-91ca-8882d9ea56b5","block_type":"box","text":"£1,000","page_number":20,"box":{"x":906,"y":309,"width":50,"height":10}},{"id":"ff20bc92-cf15-4e69-89ee-3efe70181fd2","block_type":"box","text":"X Class","page_number":20,"box":{"x":597,"y":322,"width":57,"height":9}},{"id":"83053151-b23a-4bdb-ac82-6e1b1078b96a","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":322,"width":51,"height":11}},{"id":"0572d15d-c6a1-488c-9107-d83f1e804615","block_type":"box","text":"£1,000","page_number":20,"box":{"x":805,"y":322,"width":51,"height":11}},{"id":"cfcf1436-7a7e-4d52-a3c7-625bde65e8fb","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":322,"width":27,"height":9}},{"id":"62113f9d-7c98-4036-b157-d7d1be87bddb","block_type":"box","text":"X (GBP Hedged) Class","page_number":20,"box":{"x":483,"y":336,"width":171,"height":12}},{"id":"7aed1142-9edf-4bfa-902c-e0b8a7adf8d4","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":336,"width":51,"height":11}},{"id":"b258a8cf-9310-4bff-b5b2-52b16b0c13b4","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":336,"width":26,"height":9}},{"id":"37928e5d-aa24-4259-a219-27510cafa732","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":336,"width":27,"height":9}},{"id":"22d32469-03aa-453c-869b-9b174354b18f","block_type":"box","text":"Z Class","page_number":20,"box":{"x":598,"y":350,"width":56,"height":9}},{"id":"83a92f31-b1c7-4f45-9cb2-6e16c0644162","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":350,"width":51,"height":11}},{"id":"6d890bf0-76c6-4dd6-b1aa-50ac21c420e1","block_type":"box","text":"£1,000","page_number":20,"box":{"x":805,"y":350,"width":51,"height":11}},{"id":"019913d9-dfb1-4b39-9e72-28d3334b63b4","block_type":"box","text":"£1,000","page_number":20,"box":{"x":906,"y":350,"width":50,"height":11}},{"id":"f5470863-1df5-4557-a6d8-d3fec319a6af","block_type":"box","text":"Z (GBP Hedged) Class","page_number":20,"box":{"x":484,"y":364,"width":170,"height":11}},{"id":"639a64a4-b983-483c-8f52-d125855e0a2b","block_type":"box","text":"£1,000","page_number":20,"box":{"x":704,"y":364,"width":51,"height":10}},{"id":"e6df270c-4893-4614-ae78-67d6b0add596","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":364,"width":26,"height":9}},{"id":"12ce1807-5799-4045-95e2-5da88909d402","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":364,"width":27,"height":9}},{"id":"8e9b4d9e-8fe9-4119-a29f-d922c6bed592","block_type":"box","text":"A EUR Class","page_number":20,"box":{"x":558,"y":378,"width":96,"height":9}},{"id":"39b499b1-401c-4ba1-80e8-574eb5e981c7","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":378,"width":51,"height":10}},{"id":"c7453837-6eb1-4d62-b76f-cf545a20c12b","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"855d7097-dc4a-45c2-b216-f4c5ddb3f995","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":378,"width":27,"height":9}},{"id":"b6431168-2041-4457-b86b-1a44fa3daf27","block_type":"box","text":"F EUR Class","page_number":20,"box":{"x":559,"y":392,"width":95,"height":8}},{"id":"a50f066f-4c57-45fb-bf30-61f0c09560b6","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":391,"width":51,"height":11}},{"id":"e25ac5a0-c52c-4a60-86c2-73b8e9e7e1bb","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":391,"width":26,"height":9}},{"id":"74dac318-0b60-40c9-9236-06da2450898d","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":391,"width":27,"height":9}},{"id":"444b49db-ab6b-4635-bc1d-f7a1197f9872","block_type":"box","text":"I EUR Class","page_number":20,"box":{"x":565,"y":405,"width":89,"height":9}},{"id":"2465bde3-ddf3-4b29-9604-a247d5366285","block_type":"box","text":"€1,000,000","page_number":20,"box":{"x":671,"y":405,"width":84,"height":11}},{"id":"84d190df-7382-47e7-b471-2bc6227da30e","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":405,"width":26,"height":9}},{"id":"7c558c9e-5f79-4f91-9536-e37618110a34","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":405,"width":27,"height":9}},{"id":"965db76d-5049-410d-9589-6f1bccc17a51","block_type":"box","text":"I (EUR Hedged) Class","page_number":20,"box":{"x":490,"y":419,"width":164,"height":11}},{"id":"303c6e19-cb68-4373-b956-c28517ced1b5","block_type":"box","text":"€1,000,000","page_number":20,"box":{"x":671,"y":419,"width":84,"height":10}},{"id":"45c5373a-20f7-44ab-83e0-bc0d5fe740f7","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"6b852e9e-5a79-4916-ad76-b09ae9bd6f6d","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":419,"width":27,"height":9}},{"id":"c2486098-e2f2-484d-a37a-a4cbd388d88f","block_type":"box","text":"V EUR Class","page_number":20,"box":{"x":557,"y":433,"width":97,"height":9}},{"id":"8c8c3f99-5a9a-4a05-9d96-153ac2f24f60","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":433,"width":51,"height":10}},{"id":"6134930b-5671-4545-8c5e-921ca8a2b966","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"96b13db8-f7ba-45e4-aa32-584d23d03120","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":433,"width":27,"height":9}},{"id":"8eaab8e9-da44-453e-8cc5-174dc372955a","block_type":"box","text":"V (EUR Hedged) Class","page_number":20,"box":{"x":482,"y":447,"width":172,"height":11}},{"id":"6f93fa79-7ebd-4d12-b718-a4b5555057f5","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":447,"width":51,"height":10}},{"id":"544d1a22-a638-4982-82a3-9096f0f3acf9","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":447,"width":26,"height":8}},{"id":"152dc565-8a01-4cc6-a177-c5b23ed00bd7","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":447,"width":27,"height":8}},{"id":"23b3ced5-0f51-4704-aa8b-ee4bb6fe0f24","block_type":"box","text":"X EUR Class","page_number":20,"box":{"x":557,"y":460,"width":97,"height":9}},{"id":"71f25c44-6722-4565-a054-7f91a133b4d6","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":460,"width":51,"height":11}},{"id":"9f579ab2-271c-44a7-9654-00a88c7ca0a3","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":460,"width":26,"height":9}},{"id":"6894e2ed-621a-48bf-bcc3-ec311c59b208","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":460,"width":27,"height":9}},{"id":"1e5863d1-81f4-4e26-8218-5ef40e894993","block_type":"box","text":"X (EUR Hedged) Class","page_number":20,"box":{"x":482,"y":474,"width":172,"height":11}},{"id":"2286ee20-82ab-4bea-bb8e-e1bd3517f1b7","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":474,"width":51,"height":11}},{"id":"ecc0d1a3-9346-40b0-afc6-309d1dc515e4","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":474,"width":26,"height":9}},{"id":"5300b92f-ec55-447f-8d79-497586248049","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":474,"width":27,"height":9}},{"id":"4a1b8f21-5317-447e-8b0f-34fed27184c9","block_type":"box","text":"Z EUR Class","page_number":20,"box":{"x":558,"y":488,"width":96,"height":9}},{"id":"3c986733-d0f7-4824-8acd-68252f81a05b","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":488,"width":51,"height":10}},{"id":"fbf363a4-f1fc-4fbf-a12b-b226bd56e7c8","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":488,"width":26,"height":9}},{"id":"e56bbe2c-b020-410a-b637-4898b095af21","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":488,"width":27,"height":9}},{"id":"36db949b-0654-49ce-aaaa-dfca275e2efe","block_type":"box","text":"Z (EUR Hedged) Class","page_number":20,"box":{"x":483,"y":502,"width":171,"height":11}},{"id":"2e1e10c8-94e6-424f-adeb-d3a73bb18c2e","block_type":"box","text":"€1,000","page_number":20,"box":{"x":704,"y":502,"width":51,"height":10}},{"id":"b938fd7b-176f-49e7-a786-a4fa08837700","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"d9911d3a-ebde-475e-b797-ec4682c8e936","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"12c7fa5c-6db9-4b4b-9a8c-56bef3d7979d","block_type":"box","text":"A USD Class","page_number":20,"box":{"x":558,"y":515,"width":96,"height":9}},{"id":"74263ac5-20a7-4c4e-9481-df296065e1b9","block_type":"box","text":"$1,000","page_number":20,"box":{"x":705,"y":515,"width":50,"height":11}},{"id":"6f62bf12-b337-49f3-8291-2a76a9827b54","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":515,"width":26,"height":9}},{"id":"43d81d16-caba-4ac2-9abc-882588887d40","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":515,"width":27,"height":9}},{"id":"300e1e97-a7ea-46f1-bd0a-8f56dee8d42b","block_type":"box","text":"I USD Class","page_number":20,"box":{"x":565,"y":529,"width":89,"height":9}},{"id":"9e258d3b-146f-4b80-a0cd-29b2e93be9cf","block_type":"box","text":"$1,000,000","page_number":20,"box":{"x":672,"y":529,"width":83,"height":11}},{"id":"ce233184-c577-4971-b22b-00e868f502be","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":529,"width":26,"height":9}},{"id":"0321b5cb-b357-4c91-ad94-23776b72c46d","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":529,"width":27,"height":9}},{"id":"34513b0d-a84d-4b9d-8e16-811dd8574dfc","block_type":"box","text":"Z USD Class","page_number":20,"box":{"x":558,"y":543,"width":96,"height":9}},{"id":"21af07ba-574b-41aa-8c58-ac1dafe2368c","block_type":"box","text":"$1,000","page_number":20,"box":{"x":705,"y":542,"width":50,"height":11}},{"id":"c1d94210-fb16-4e59-9bb4-9d6e1b7c976f","block_type":"box","text":"N/A","page_number":20,"box":{"x":831,"y":543,"width":26,"height":9}},{"id":"5919e1c9-c085-474c-91ef-43d1c29aa6b2","block_type":"box","text":"N/A","page_number":20,"box":{"x":931,"y":543,"width":27,"height":9}},{"id":"38bc6245-c049-4d75-86ab-f72a61525d4e","block_type":"box","text":"20","page_number":21,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"ebfc8e1b-894d-40f1-8cb1-a179b48f9f3a","block_type":"box","text":"21","page_number":21,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"bd60b20c-35fe-4ee3-96ea-0775ef81000e","block_type":"box","text":"SARASIN Funds ICVC","page_number":21,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"6fd1e9e0-4a74-420c-9bb9-2f6fd7289f4d","block_type":"box","text":"Fund Details (continued)","page_number":21,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"22171947-a0fe-40d4-96ed-4c01ae5681f2","block_type":"box","text":"Global","page_number":21,"box":{"x":714,"y":118,"width":41,"height":7}},{"id":"b0ff59f2-5106-444d-828f-ab918fc274c5","block_type":"box","text":"Dividend","page_number":21,"box":{"x":700,"y":130,"width":55,"height":7}},{"id":"9c6746d6-4b1a-4f49-99b0-4c8c0c3e7881","block_type":"box","text":"Multi Asset –","page_number":21,"box":{"x":775,"y":119,"width":81,"height":6}},{"id":"07db35e8-a67b-4c0b-8544-c197820ede38","block_type":"box","text":"Strategic","page_number":21,"box":{"x":799,"y":130,"width":57,"height":9}},{"id":"d570f57c-a605-4395-a2c7-67359851a878","block_type":"box","text":"Responsible","page_number":21,"box":{"x":878,"y":107,"width":79,"height":9}},{"id":"4e507229-cb5d-440a-a82c-f773ba98dc46","block_type":"box","text":"Strategic","page_number":21,"box":{"x":900,"y":118,"width":57,"height":9}},{"id":"fa716317-061d-4021-949d-39aa9754e639","block_type":"box","text":"Bond","page_number":21,"box":{"x":924,"y":130,"width":32,"height":7}},{"id":"48d04cc7-aaf5-4f0c-83aa-5b8f21104a6a","block_type":"box","text":"Minimum Monthly","page_number":21,"box":{"x":43,"y":157,"width":141,"height":11}},{"id":"c99460fb-0afb-42fb-814a-33018c64260b","block_type":"box","text":"Savings Plan","page_number":21,"box":{"x":42,"y":171,"width":103,"height":11}},{"id":"c1b94125-7d49-4ad6-941e-47355dd32843","block_type":"box","text":"A Class","page_number":21,"box":{"x":598,"y":171,"width":56,"height":9}},{"id":"b5ccdb51-5d35-426b-a37d-0093cdc459ba","block_type":"box","text":"£100","page_number":21,"box":{"x":719,"y":171,"width":36,"height":9}},{"id":"d7ffc24a-8c8c-4663-b9d5-6c2d6a7aaac0","block_type":"box","text":"£100","page_number":21,"box":{"x":819,"y":171,"width":37,"height":9}},{"id":"cff6cded-4a13-4dec-a41f-8b6f4e0e06f6","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":171,"width":27,"height":9}},{"id":"bc70abc1-6ab7-419f-a5a0-1eb587943cb6","block_type":"box","text":"D Class","page_number":21,"box":{"x":597,"y":185,"width":57,"height":9}},{"id":"f220f028-3cd9-4212-868a-5429b09f6932","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":185,"width":38,"height":9}},{"id":"6edb81d6-6a0c-41d2-952c-136f5e53d30b","block_type":"box","text":"None","page_number":21,"box":{"x":818,"y":185,"width":38,"height":9}},{"id":"c3af54ca-0c83-4532-a6cf-07af933015ba","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":185,"width":27,"height":9}},{"id":"7b81ce1e-972e-4104-85b0-8b5fedf5f689","block_type":"box","text":"D (GBP Hedged) Class","page_number":21,"box":{"x":483,"y":199,"width":171,"height":11}},{"id":"85dfb82d-b47e-42b0-b998-3ca7810b1226","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":199,"width":38,"height":9}},{"id":"9ca4ee47-ef85-47c7-a87b-969cf7757c95","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":199,"width":26,"height":9}},{"id":"a16bfe75-bdb4-4cca-9191-75148f80281a","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":199,"width":27,"height":9}},{"id":"ea9e2d77-446f-4fc8-b404-530eab405e26","block_type":"box","text":"F Class","page_number":21,"box":{"x":599,"y":213,"width":55,"height":8}},{"id":"a2135e69-2d5e-41fc-9a1b-9ec6f87012e2","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":213,"width":38,"height":8}},{"id":"c2763909-e6bb-47a6-a11f-f7b84f22a3c3","block_type":"box","text":"None","page_number":21,"box":{"x":818,"y":213,"width":38,"height":8}},{"id":"391e7fe1-4e70-40a8-9088-cdce22d64beb","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":213,"width":27,"height":8}},{"id":"d73efcc8-e666-4144-9007-9ba353fa3518","block_type":"box","text":"I Class","page_number":21,"box":{"x":605,"y":226,"width":49,"height":9}},{"id":"04c4a1ed-7a97-499f-bbc1-a2ab0141f564","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":227,"width":38,"height":8}},{"id":"88062d56-44b9-4d71-8f5e-9c5a9b6c406a","block_type":"box","text":"None","page_number":21,"box":{"x":818,"y":227,"width":38,"height":8}},{"id":"cbc14468-ddf2-40b6-b57f-c15d4b26e85d","block_type":"box","text":"None","page_number":21,"box":{"x":918,"y":227,"width":38,"height":8}},{"id":"f7b3fb19-db79-4f0e-b4d2-8148874be752","block_type":"box","text":"I (GBP Hedged) Class","page_number":21,"box":{"x":491,"y":240,"width":163,"height":11}},{"id":"ea583b2e-1458-4e0c-8ceb-4cfdc2548f4d","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":240,"width":38,"height":9}},{"id":"c2ddb258-7fa5-4b2f-9639-b673e397b494","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"2671f275-6885-4173-9a69-4dd05f1b7c07","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"0eda36ec-ca68-4b82-b186-b854e43b2ac6","block_type":"box","text":"P Class","page_number":21,"box":{"x":599,"y":254,"width":55,"height":9}},{"id":"d7c0acb7-9c5b-4a4f-9d16-8b808bfe8ea4","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":254,"width":38,"height":9}},{"id":"1bdd7060-26d0-4dff-adf9-e526882aaaa8","block_type":"box","text":"None","page_number":21,"box":{"x":818,"y":254,"width":38,"height":9}},{"id":"950621b9-ce42-4334-99ce-e4834106be1f","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":254,"width":27,"height":9}},{"id":"ecf47e22-5221-45a3-bc57-38b3223bfa9d","block_type":"box","text":"P (GBP Hedged) Class","page_number":21,"box":{"x":484,"y":268,"width":170,"height":11}},{"id":"8cd55bb3-3158-4d6e-a782-fc87452f9a5a","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":268,"width":38,"height":9}},{"id":"c5e54c02-d2bd-46ac-bb39-09b6fcb66039","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":268,"width":26,"height":9}},{"id":"fde326e0-cdf5-42ee-b382-4e61b18ca6b9","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":268,"width":27,"height":9}},{"id":"da30807e-99b3-4c4a-a610-d02a54213c1e","block_type":"box","text":"V Class","page_number":21,"box":{"x":597,"y":282,"width":57,"height":8}},{"id":"8b850e8e-340a-49b8-8529-9d7d207e1419","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":282,"width":38,"height":8}},{"id":"4007cc23-116f-40c7-a824-e371966fed9e","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":281,"width":26,"height":9}},{"id":"a65964a2-9791-46ba-9cfe-a090d105cefa","block_type":"box","text":"None","page_number":21,"box":{"x":918,"y":282,"width":38,"height":8}},{"id":"c5b117fc-7688-4027-8436-98c8082be2b6","block_type":"box","text":"X Class","page_number":21,"box":{"x":597,"y":295,"width":57,"height":9}},{"id":"c3b33a7d-bf34-414a-93a9-449f37a6edc3","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":296,"width":38,"height":8}},{"id":"e95bb8bf-5a6b-45de-a8b4-4ea1ea4ad441","block_type":"box","text":"None","page_number":21,"box":{"x":818,"y":296,"width":38,"height":8}},{"id":"945b8019-83e5-48ee-af35-f6485d6ee284","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"c706a2f8-a7f8-45e9-8678-a1bb1951696e","block_type":"box","text":"X (GBP Hedged) Class","page_number":21,"box":{"x":483,"y":309,"width":171,"height":11}},{"id":"db3a3dc9-5fe1-43fa-abe3-67538e06a5dc","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":309,"width":38,"height":9}},{"id":"1dc7a4e5-6daa-4686-be3c-663ed2caf696","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"a33fae77-beeb-45c0-9560-036a937fdfa1","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":309,"width":27,"height":9}},{"id":"b6d7c1a8-69f1-4c69-8d03-f0d23ca16681","block_type":"box","text":"Z Class","page_number":21,"box":{"x":598,"y":323,"width":56,"height":9}},{"id":"f36a5c72-c8ed-45b3-90e9-fac80e2234eb","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":323,"width":38,"height":9}},{"id":"17cf7c2a-ecfd-4a34-bad8-aa29753dac6d","block_type":"box","text":"None","page_number":21,"box":{"x":818,"y":323,"width":38,"height":9}},{"id":"6c5ce755-f0cc-49a0-ba30-b2811ff7bc24","block_type":"box","text":"None","page_number":21,"box":{"x":918,"y":323,"width":38,"height":9}},{"id":"92fbe5e3-c09c-49ce-a6b3-4d4d16ffd6e3","block_type":"box","text":"Z (GBP Hedged) Class","page_number":21,"box":{"x":484,"y":337,"width":170,"height":11}},{"id":"c0bd8adc-83c3-46d1-a5d5-63ca1d554024","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":337,"width":38,"height":8}},{"id":"421e6384-9995-47b4-8a95-4a4eb7812799","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":337,"width":26,"height":8}},{"id":"a99d29b0-ff7a-4d6b-8f0f-653d8b08e486","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":337,"width":27,"height":8}},{"id":"429ac068-c635-4e8a-bc5c-98c0ef830230","block_type":"box","text":"A EUR Class","page_number":21,"box":{"x":558,"y":350,"width":96,"height":9}},{"id":"8e24bbef-c129-4d28-bee1-4fb68c4363ad","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":351,"width":38,"height":8}},{"id":"18c897fb-7757-44cc-9772-f3d3b87a8391","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":350,"width":26,"height":9}},{"id":"2f1c1be6-83cd-4206-929a-4fbca397bcb7","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":350,"width":27,"height":9}},{"id":"a703c5cd-d7a5-4b88-8e36-679d9d40e88d","block_type":"box","text":"F EUR Class","page_number":21,"box":{"x":559,"y":364,"width":95,"height":9}},{"id":"9e193541-5922-4cf0-a083-2110057938e2","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":364,"width":38,"height":9}},{"id":"714226d9-777b-43b4-b5b6-fa8dab161a3a","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":364,"width":26,"height":9}},{"id":"78f90d2c-6b27-4531-b15d-68d5a179f536","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":364,"width":27,"height":9}},{"id":"5f5d88f1-16b8-4430-8afb-d48e32b4320a","block_type":"box","text":"I EUR Class","page_number":21,"box":{"x":565,"y":378,"width":89,"height":9}},{"id":"133f85b9-f080-44c4-a1b9-31c2f6e9272e","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":378,"width":38,"height":9}},{"id":"4a5f9830-fb6f-4575-b5f6-bbfff25e19c3","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"4729cbcf-7eba-4129-aad4-2b17af39d3a3","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":378,"width":27,"height":9}},{"id":"f9832055-cb50-4f18-9988-7462be996e5c","block_type":"box","text":"I (EUR Hedged) Class","page_number":21,"box":{"x":490,"y":392,"width":164,"height":11}},{"id":"a6ecd2fd-72ba-43f2-aa16-16a85175b2a7","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":392,"width":38,"height":9}},{"id":"18926ef4-09db-4474-b680-07b6492de72a","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"95e691b7-7675-4815-b991-07220d0c791b","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":392,"width":27,"height":9}},{"id":"7d84bd94-1bba-4a05-b9c9-ea90a2cf7150","block_type":"box","text":"V EUR Class","page_number":21,"box":{"x":557,"y":406,"width":97,"height":8}},{"id":"cb787531-3974-4eff-a208-f9480bbb1240","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":406,"width":38,"height":8}},{"id":"5122f23c-1176-49f4-bb6b-c1d88ba9c8d9","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":405,"width":26,"height":9}},{"id":"7bdc7b9c-0076-4b6e-8ffb-041ba497ff7c","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":405,"width":27,"height":9}},{"id":"8671b9f0-0535-413f-ac74-f3a7e50755ef","block_type":"box","text":"V (EUR Hedged) Class","page_number":21,"box":{"x":482,"y":419,"width":172,"height":12}},{"id":"090a6e89-8412-4b5f-91c1-8e7a3b210992","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":420,"width":38,"height":8}},{"id":"8958103d-8f17-4e3e-b903-a1a6d413c92a","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":419,"width":26,"height":9}},{"id":"11ce4426-5ffa-41da-96ff-d3cd8462e28a","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":419,"width":27,"height":9}},{"id":"86fa6485-f70c-4c02-93a1-faba7ea299e4","block_type":"box","text":"X EUR Class","page_number":21,"box":{"x":557,"y":433,"width":97,"height":9}},{"id":"4a206b94-df8a-451f-9d11-e247d098309a","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":433,"width":38,"height":9}},{"id":"cd3ceb05-283f-494d-9484-c23653cde037","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"24195ed1-6a85-4734-9fa2-dfa0f6b0e2ef","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":433,"width":27,"height":9}},{"id":"d1851725-ca1e-40de-8710-dc3879fbeb91","block_type":"box","text":"X (EUR Hedged) Class","page_number":21,"box":{"x":482,"y":447,"width":172,"height":11}},{"id":"d1775f80-6903-4d55-b356-8425e03f2efe","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":447,"width":38,"height":9}},{"id":"21e167e0-e75d-4ee9-89e4-2c72547b03aa","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":447,"width":26,"height":9}},{"id":"5479ac21-ce78-42c1-b5a6-2d63f8344158","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":447,"width":27,"height":9}},{"id":"894829e1-b045-4f38-8f06-9ea336f4c9de","block_type":"box","text":"Z EUR Class","page_number":21,"box":{"x":558,"y":461,"width":96,"height":9}},{"id":"8da9e274-ee5f-49df-b416-d83f62fd6f89","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":461,"width":38,"height":9}},{"id":"dc15a97d-3cbf-499d-8f63-e22364804d90","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":461,"width":26,"height":9}},{"id":"80dfc9e5-6f2f-448a-a93b-d92fd3fa5447","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":461,"width":27,"height":9}},{"id":"d3f787d1-bde6-4c3f-bd3a-3c43e4593b93","block_type":"box","text":"Z (EUR Hedged) Class","page_number":21,"box":{"x":483,"y":474,"width":171,"height":12}},{"id":"3d420d1e-0ee8-4028-85f6-7d33f8d9550f","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":475,"width":38,"height":8}},{"id":"fb1607da-05dd-4023-83da-d07d70062e81","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":474,"width":26,"height":9}},{"id":"44ce23ba-9a53-403f-836e-80ad93905b40","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":474,"width":27,"height":9}},{"id":"f29b56cc-85e3-49ac-8c18-69114216d29a","block_type":"box","text":"A USD Class","page_number":21,"box":{"x":558,"y":488,"width":96,"height":9}},{"id":"1164632b-7795-4e0d-932c-595584c56908","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":488,"width":38,"height":9}},{"id":"a25843f9-72a6-4dfe-8c6e-6a232ef2be9e","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":488,"width":26,"height":9}},{"id":"e667203e-99a8-42b8-ae44-366d078e03cd","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":488,"width":27,"height":9}},{"id":"2b28241e-431e-4e0a-822d-d536bb77bbe4","block_type":"box","text":"I USD Class","page_number":21,"box":{"x":565,"y":502,"width":89,"height":9}},{"id":"28bd92a1-6bd0-424e-bb61-4aa98eb5b295","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":502,"width":38,"height":9}},{"id":"834da709-a8f6-49db-8ea4-3d66f3d44f2c","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"7fbec113-895a-44b9-9f1a-fd4a0368d003","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"7e860399-6701-401a-b149-205a7a116915","block_type":"box","text":"Z USD Class","page_number":21,"box":{"x":558,"y":516,"width":96,"height":9}},{"id":"873550e4-050d-4868-882b-3e7e3c3d67f9","block_type":"box","text":"None","page_number":21,"box":{"x":717,"y":516,"width":38,"height":9}},{"id":"0cff5d2d-263d-4308-b958-b10fbddd398d","block_type":"box","text":"N/A","page_number":21,"box":{"x":831,"y":516,"width":26,"height":9}},{"id":"0cec3ab6-6937-43fb-a208-93a4ff8f639b","block_type":"box","text":"N/A","page_number":21,"box":{"x":931,"y":516,"width":27,"height":9}},{"id":"2f302388-5a3c-4e7b-ba41-606dc5714049","block_type":"box","text":"ISA","page_number":21,"box":{"x":43,"y":549,"width":27,"height":9}},{"id":"d36626b4-c023-4e3d-ab25-2ffa656ade01","block_type":"box","text":"Yes","page_number":21,"box":{"x":728,"y":549,"width":27,"height":9}},{"id":"73c12d6a-6e3d-4cfe-9843-9cf3985b0781","block_type":"box","text":"Yes","page_number":21,"box":{"x":829,"y":549,"width":27,"height":9}},{"id":"b20c9ba6-7a8d-40c3-9d07-f23eb0251d4d","block_type":"box","text":"Yes","page_number":21,"box":{"x":930,"y":549,"width":27,"height":9}},{"id":"99ceaeb7-e4ec-48fe-8445-7915fe89817d","block_type":"box","text":"Annual Accounts","page_number":21,"box":{"x":42,"y":577,"width":136,"height":8}},{"id":"18b50afa-ac8b-456f-ab54-5697ab8f9067","block_type":"box","text":"31 Dec","page_number":21,"box":{"x":703,"y":576,"width":52,"height":9}},{"id":"3497c68c-b8a4-4864-99dc-122b8f4c9588","block_type":"box","text":"31 Dec","page_number":21,"box":{"x":804,"y":576,"width":52,"height":9}},{"id":"985e859c-0ef5-4731-9c29-117e061f2cb8","block_type":"box","text":"31 Dec","page_number":21,"box":{"x":905,"y":576,"width":52,"height":9}},{"id":"722709f5-2758-45b5-bf94-bde8b896b585","block_type":"box","text":"Interim Accounts","page_number":21,"box":{"x":43,"y":604,"width":135,"height":8}},{"id":"9fd879ee-6d0f-41cb-bdef-1328e1806b41","block_type":"box","text":"30 Jun","page_number":21,"box":{"x":706,"y":604,"width":48,"height":8}},{"id":"24c6a269-aaea-4353-9c48-88306363866d","block_type":"box","text":"30 Jun","page_number":21,"box":{"x":807,"y":604,"width":48,"height":8}},{"id":"ea202b94-1e89-44d7-88a1-2f169e67848d","block_type":"box","text":"30 Jun","page_number":21,"box":{"x":907,"y":604,"width":49,"height":8}},{"id":"86df7b1d-cfff-4e81-a352-f5b1986eb3e0","block_type":"box","text":"Annual Distribution","page_number":21,"box":{"x":42,"y":631,"width":154,"height":9}},{"id":"35e17247-7749-41eb-95a7-052ad372ee82","block_type":"box","text":"28 Feb","page_number":21,"box":{"x":704,"y":631,"width":51,"height":9}},{"id":"f62acbee-d304-412f-a054-5595eead3cec","block_type":"box","text":"28 Feb","page_number":21,"box":{"x":805,"y":631,"width":51,"height":9}},{"id":"d028e12d-29e4-4f68-ba88-d8f9aa939ca3","block_type":"box","text":"28 Feb","page_number":21,"box":{"x":905,"y":631,"width":51,"height":9}},{"id":"4ddc80bc-3c54-4203-9c25-37ca9247b945","block_type":"box","text":"Interim Distribution","page_number":21,"box":{"x":43,"y":658,"width":153,"height":9}},{"id":"b51046d4-f459-4685-b414-e6a9c3f77f98","block_type":"box","text":"31 May","page_number":21,"box":{"x":701,"y":658,"width":54,"height":11}},{"id":"a5e8a384-b345-4022-ab7c-8467f9ec0010","block_type":"box","text":"-","page_number":21,"box":{"x":851,"y":663,"width":5,"height":1}},{"id":"1d20e868-ddf7-4cb6-bbfb-3290d78a17f1","block_type":"box","text":"31 May","page_number":21,"box":{"x":903,"y":658,"width":54,"height":11}},{"id":"0c59d00e-c625-48e9-b9af-b8fbe17cee4d","block_type":"box","text":"31 Aug","page_number":21,"box":{"x":704,"y":672,"width":51,"height":11}},{"id":"18359eeb-967f-4a38-afaf-96bcf540ed86","block_type":"box","text":"31 Aug","page_number":21,"box":{"x":805,"y":672,"width":50,"height":11}},{"id":"c5892d3e-f9d7-4135-a276-d3227fe56d64","block_type":"box","text":"31 Aug","page_number":21,"box":{"x":906,"y":672,"width":50,"height":11}},{"id":"5327a80f-1e0d-4657-aa52-ab28d2897899","block_type":"box","text":"30 Nov","page_number":21,"box":{"x":703,"y":686,"width":52,"height":9}},{"id":"70de350f-e65c-4f3d-bffb-b3a223e8667d","block_type":"box","text":"-","page_number":21,"box":{"x":851,"y":691,"width":5,"height":1}},{"id":"f2aa3b6b-3b58-4a78-8f38-4ff4044cb0c2","block_type":"box","text":"30 Nov","page_number":21,"box":{"x":905,"y":686,"width":52,"height":9}},{"id":"7182d8a2-dfa4-4e0c-8490-e604b19039b0","block_type":"box","text":"21","page_number":22,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"e6d3c39a-e053-47c3-8fbf-f5ce7ced1518","block_type":"box","text":"SARASIN Funds ICVC","page_number":22,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"ca084700-5df4-4244-97e8-3851dd694024","block_type":"box","text":"Fund Details (continued)","page_number":22,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"920e481b-ba35-468f-81f1-b4c5e10c733c","block_type":"box","text":"Food &","page_number":22,"box":{"x":710,"y":107,"width":45,"height":7}},{"id":"79b308e8-9b40-40ec-ad09-0a5bea5c3115","block_type":"box","text":"Agriculture","page_number":22,"box":{"x":684,"y":119,"width":71,"height":8}},{"id":"79890e9a-b6f0-4b8e-9472-5cc2107a1d52","block_type":"box","text":"Opportunities","page_number":22,"box":{"x":668,"y":130,"width":87,"height":9}},{"id":"e65dca1c-aebe-46da-b7d4-10153a654e4e","block_type":"box","text":"Responsible","page_number":22,"box":{"x":778,"y":107,"width":78,"height":9}},{"id":"27864ddc-6f12-46ff-8970-7a4d55cf375a","block_type":"box","text":"Corporate","page_number":22,"box":{"x":793,"y":118,"width":63,"height":9}},{"id":"22eac543-9d8e-4f94-b56c-d4b1172eb480","block_type":"box","text":"Bond","page_number":22,"box":{"x":823,"y":130,"width":33,"height":7}},{"id":"7b801d91-6b4e-4c88-9368-5e4ed60c87ab","block_type":"box","text":"Responsible","page_number":22,"box":{"x":878,"y":119,"width":79,"height":8}},{"id":"a5b7af1a-95f3-45fa-abfc-00406c7ef792","block_type":"box","text":"Multi Asset","page_number":22,"box":{"x":887,"y":130,"width":70,"height":7}},{"id":"f5b35c17-f705-477f-b553-e79700773ef1","block_type":"box","text":"Launch Date","page_number":22,"box":{"x":43,"y":157,"width":99,"height":9}},{"id":"b809bd9a-7f44-4fd0-944b-ef62510fec23","block_type":"box","text":"31 Mar 08","page_number":22,"box":{"x":681,"y":157,"width":74,"height":9}},{"id":"d9b1613a-cb2b-45fd-8c2f-8a64b2a8aa86","block_type":"box","text":"14 Nov 16","page_number":22,"box":{"x":782,"y":157,"width":74,"height":9}},{"id":"44ee5e59-b36a-49bc-a533-040acfd156f3","block_type":"box","text":"18 Mar 21","page_number":22,"box":{"x":883,"y":157,"width":71,"height":9}},{"id":"8d5a184a-8979-42a9-b760-1930f01b0090","block_type":"box","text":"Annual Charges","page_number":22,"box":{"x":42,"y":184,"width":128,"height":11}},{"id":"847f049d-b617-494d-96d0-bda20091d8d5","block_type":"box","text":"per share class","page_number":22,"box":{"x":43,"y":199,"width":120,"height":11}},{"id":"eabeb2f3-f748-426c-b7d7-a1fb8ccd760e","block_type":"box","text":"Investment Manager’s","page_number":22,"box":{"x":43,"y":226,"width":174,"height":11}},{"id":"18792530-7bdb-44f2-aaf3-b442e319f9f9","block_type":"box","text":"Charge:","page_number":22,"box":{"x":43,"y":240,"width":61,"height":11}},{"id":"c0cc839b-f487-4e3a-aca1-31dd02fadae4","block_type":"box","text":"A Class","page_number":22,"box":{"x":598,"y":240,"width":56,"height":9}},{"id":"3af47204-cd5a-4c9b-80fc-0b1bcefb9cb5","block_type":"box","text":"1.50%","page_number":22,"box":{"x":710,"y":240,"width":45,"height":9}},{"id":"53718bb0-4c51-47dd-9b18-2a4dca262db8","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"1b74c747-32e3-4b1e-a869-5dc5770e1140","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":239,"width":27,"height":8}},{"id":"089e4bd1-88ae-4e78-8baf-d0c497aaec08","block_type":"box","text":"D Class","page_number":22,"box":{"x":597,"y":254,"width":57,"height":9}},{"id":"617a37bf-7018-46b8-aa67-4c1eb9df34ae","block_type":"box","text":"N/A","page_number":22,"box":{"x":730,"y":254,"width":27,"height":9}},{"id":"70ecd8ac-854e-4045-8688-13897ddddd6e","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":254,"width":26,"height":9}},{"id":"3ca7775c-0468-48c6-8d5d-6ca53ba9a024","block_type":"box","text":"0.50%","page_number":22,"box":{"x":910,"y":254,"width":46,"height":9}},{"id":"3d1645e8-b305-44e0-9d3d-0d9080c23103","block_type":"box","text":"F Class","page_number":22,"box":{"x":599,"y":268,"width":55,"height":8}},{"id":"376d10ae-43b9-4f4c-9f43-1ec895f0a1eb","block_type":"box","text":"1.00%","page_number":22,"box":{"x":710,"y":268,"width":45,"height":9}},{"id":"10e285e8-6026-4b32-9c32-bf1c0e2a309f","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":268,"width":26,"height":8}},{"id":"a24a9778-c32a-46d9-b842-6476a0764017","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":268,"width":27,"height":8}},{"id":"7766eba9-5a41-46f5-82d6-859187d0a0f1","block_type":"box","text":"I Class","page_number":22,"box":{"x":605,"y":281,"width":49,"height":9}},{"id":"d708caa9-1cc4-4c1b-a2ee-32cd8e5b832c","block_type":"box","text":"0.85%","page_number":22,"box":{"x":709,"y":281,"width":46,"height":9}},{"id":"5f682b3a-ef3f-4488-b4df-ef47eb8dc7a0","block_type":"box","text":"0.40%","page_number":22,"box":{"x":809,"y":281,"width":46,"height":9}},{"id":"c2abb147-f654-4078-966b-862a3e8ca283","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":281,"width":27,"height":9}},{"id":"7c19d05f-4e2f-4e72-a6bd-f9cb75b95b86","block_type":"box","text":"L Class","page_number":22,"box":{"x":601,"y":295,"width":53,"height":9}},{"id":"63ca7d68-c73f-4121-bf22-41454fe75328","block_type":"box","text":"N/A","page_number":22,"box":{"x":730,"y":295,"width":27,"height":9}},{"id":"148978e4-51c5-4169-8170-c5af36df159d","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":295,"width":26,"height":9}},{"id":"76768078-2c6f-46cd-b0a8-c8739f59fcd1","block_type":"box","text":"0.50%","page_number":22,"box":{"x":910,"y":295,"width":46,"height":9}},{"id":"281b9d48-17f7-4fd5-8631-cace349c138f","block_type":"box","text":"P Class","page_number":22,"box":{"x":599,"y":309,"width":55,"height":9}},{"id":"54e60413-42fa-4cd4-ab30-3bc17f4547c2","block_type":"box","text":"0.75%","page_number":22,"box":{"x":709,"y":309,"width":46,"height":9}},{"id":"3e8b0834-94b8-4dd6-ade3-9b35758deecd","block_type":"box","text":"0.40%","page_number":22,"box":{"x":809,"y":309,"width":46,"height":9}},{"id":"fd123a60-c35e-44b9-a1b9-a820c68cb5f2","block_type":"box","text":"0.75%","page_number":22,"box":{"x":910,"y":309,"width":46,"height":9}},{"id":"cbf2873e-f8f8-4581-aee4-83c7535395a7","block_type":"box","text":"V Class","page_number":22,"box":{"x":597,"y":323,"width":57,"height":9}},{"id":"86c83df6-c2d9-4437-ad38-46ea61ff2fbf","block_type":"box","text":"0.40%","page_number":22,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"d65297d9-5bb2-4dae-b6cc-c2d41568a3c6","block_type":"box","text":"0.40%","page_number":22,"box":{"x":809,"y":323,"width":46,"height":9}},{"id":"4bd8e50c-e1e2-4476-8251-0c9415928f70","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":323,"width":27,"height":9}},{"id":"4e5dbb07-aad5-4547-bc69-e93a833d8447","block_type":"box","text":"X Class","page_number":22,"box":{"x":597,"y":336,"width":57,"height":9}},{"id":"de8503ff-464a-4825-9d43-93a10b0dd251","block_type":"box","text":"1.35%","page_number":22,"box":{"x":710,"y":336,"width":45,"height":10}},{"id":"d9ee5481-16d0-4566-a838-42970a7329d8","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":336,"width":26,"height":9}},{"id":"ee600fb2-3fee-4274-b899-a467fc041b74","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":336,"width":27,"height":9}},{"id":"b57f0fc3-499e-4037-bcf9-d91c8dac4b20","block_type":"box","text":"Z Class","page_number":22,"box":{"x":598,"y":350,"width":56,"height":9}},{"id":"d84f53d0-ec01-4413-bdaa-862ccc779f3d","block_type":"box","text":"0.00%","page_number":22,"box":{"x":709,"y":350,"width":46,"height":9}},{"id":"a9893ae2-5be5-4100-9343-261fa88b05bd","block_type":"box","text":"0.00%","page_number":22,"box":{"x":809,"y":350,"width":46,"height":9}},{"id":"f7f3544f-4df5-4c13-8af2-9ded46273940","block_type":"box","text":"0.00%","page_number":22,"box":{"x":910,"y":350,"width":46,"height":9}},{"id":"f6a79b3d-0ade-4003-b530-c4a8be30f79b","block_type":"box","text":"Z EUR Class","page_number":22,"box":{"x":558,"y":364,"width":96,"height":9}},{"id":"0fc3c3a5-f5c5-48fc-b82d-fa1306145d90","block_type":"box","text":"0.00%","page_number":22,"box":{"x":709,"y":364,"width":46,"height":9}},{"id":"5e5fd6f9-018e-4b93-9458-64300d69ecbd","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":364,"width":26,"height":9}},{"id":"e69ec4f6-e967-4833-b0f9-b855eac7ede7","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":364,"width":27,"height":9}},{"id":"88e57f4a-2126-4491-b09e-ef7db2817a29","block_type":"box","text":"Fixed Rate Operating","page_number":22,"box":{"x":43,"y":397,"width":167,"height":12}},{"id":"76dc7f9c-1119-4149-ac30-a363de23bbf7","block_type":"box","text":"Charge (FOC) (annual)","page_number":22,"box":{"x":43,"y":412,"width":177,"height":11}},{"id":"d76d2390-87f1-44d5-a6f0-493d740d6b8d","block_type":"box","text":"FOC Tier 1 (£0-£300m sub-fund","page_number":22,"box":{"x":43,"y":439,"width":251,"height":11}},{"id":"7cdb9e38-2763-49ff-8591-8f1db232a05a","block_type":"box","text":"Net Asset Value)","page_number":22,"box":{"x":43,"y":453,"width":129,"height":11}},{"id":"324294dc-fb08-485a-aa4e-b092a69cac9f","block_type":"box","text":"A Class","page_number":22,"box":{"x":598,"y":453,"width":56,"height":9}},{"id":"a0c2abda-6bfd-4ddd-9caa-bf10c057175c","block_type":"box","text":"0.21%","page_number":22,"box":{"x":709,"y":453,"width":46,"height":9}},{"id":"e3702a8b-88d4-43ae-ac9f-348183a103cc","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":453,"width":26,"height":9}},{"id":"8d6de068-a7dd-4a50-bccb-d5b2907f4f7c","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":453,"width":27,"height":9}},{"id":"629ac3e5-e39c-49a0-870c-ecfb342c311f","block_type":"box","text":"D Class","page_number":22,"box":{"x":597,"y":467,"width":57,"height":9}},{"id":"7cf5e67f-69ac-476d-b0a8-828919e95b73","block_type":"box","text":"N/A","page_number":22,"box":{"x":730,"y":467,"width":27,"height":9}},{"id":"d02a56ee-bc83-4887-b556-e9e1f3388d37","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":467,"width":26,"height":9}},{"id":"1b8104ec-de8d-481b-bd6f-fe921a365ad1","block_type":"box","text":"0.15%","page_number":22,"box":{"x":910,"y":467,"width":46,"height":9}},{"id":"143cfbd4-55a4-470e-82c2-8a8ada999f02","block_type":"box","text":"F Class","page_number":22,"box":{"x":599,"y":481,"width":55,"height":9}},{"id":"c112f8d2-cb28-4999-a011-1d362f37217b","block_type":"box","text":"0.21%","page_number":22,"box":{"x":709,"y":481,"width":46,"height":9}},{"id":"500b4e2b-ed6d-46e6-86f6-222072919492","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":481,"width":26,"height":9}},{"id":"9198a45f-3542-4fb7-adde-4b22a9cc6b7e","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":481,"width":27,"height":9}},{"id":"465bec33-9f5f-40b5-9ef6-1734238b3990","block_type":"box","text":"I Class","page_number":22,"box":{"x":605,"y":495,"width":49,"height":8}},{"id":"ed29e487-395e-4473-9efa-e1df4edab45f","block_type":"box","text":"0.21%","page_number":22,"box":{"x":709,"y":494,"width":46,"height":9}},{"id":"8251fc0c-01e7-4f53-b353-7abdd16f4452","block_type":"box","text":"0.15%","page_number":22,"box":{"x":809,"y":494,"width":46,"height":9}},{"id":"f268ba0f-e1f9-4426-a024-5386e11f8419","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":494,"width":27,"height":9}},{"id":"150d1cd7-09e2-4d68-bdcd-2b4b50d1b8ff","block_type":"box","text":"L Class","page_number":22,"box":{"x":601,"y":508,"width":53,"height":9}},{"id":"7ad26eb1-e2da-42df-b4b2-7d03ccef0724","block_type":"box","text":"N/A","page_number":22,"box":{"x":730,"y":508,"width":27,"height":9}},{"id":"e8eca26b-958d-42c4-ac0b-9822be1d4b4d","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":508,"width":26,"height":9}},{"id":"564c6757-50e4-4052-8e69-4e75ddd40e78","block_type":"box","text":"0.21%","page_number":22,"box":{"x":910,"y":508,"width":46,"height":9}},{"id":"cd9f5a55-9c67-4901-a2dd-0d553215f562","block_type":"box","text":"P Class","page_number":22,"box":{"x":599,"y":522,"width":55,"height":9}},{"id":"1ed31658-8a7c-4407-a5f4-646311a357c5","block_type":"box","text":"0.21%","page_number":22,"box":{"x":709,"y":522,"width":46,"height":9}},{"id":"845768ae-5108-4dea-982b-93db7cb1feba","block_type":"box","text":"0.21%","page_number":22,"box":{"x":809,"y":522,"width":46,"height":9}},{"id":"1b7b60ea-5c19-4021-b288-c8ad4c30cff8","block_type":"box","text":"0.21%","page_number":22,"box":{"x":910,"y":522,"width":46,"height":9}},{"id":"049d04ec-63c2-4801-a11f-963d60c1aea4","block_type":"box","text":"V Class","page_number":22,"box":{"x":597,"y":536,"width":57,"height":9}},{"id":"fcb4ec06-4f10-4af0-80b7-29ef6217ed8a","block_type":"box","text":"0.15%","page_number":22,"box":{"x":709,"y":536,"width":46,"height":9}},{"id":"5dfb9f29-4a97-4a4d-95e3-b404e3f1146d","block_type":"box","text":"0.15%","page_number":22,"box":{"x":809,"y":536,"width":46,"height":9}},{"id":"92080af2-3e35-4a58-84e4-c99b193c9cf9","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":536,"width":27,"height":9}},{"id":"5a9aa1ea-52d7-4be1-99c0-a431ccec58d8","block_type":"box","text":"X Class","page_number":22,"box":{"x":597,"y":550,"width":57,"height":8}},{"id":"f14dc067-5e71-4f23-96ee-24e27f7d6d09","block_type":"box","text":"0.21%","page_number":22,"box":{"x":709,"y":550,"width":46,"height":9}},{"id":"97cf6ee9-5a63-40cd-b83b-4a538f541aa3","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":550,"width":26,"height":8}},{"id":"ecba952a-44ed-4a16-b62b-2739c6dca9e0","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":550,"width":27,"height":8}},{"id":"2900a567-9118-4d24-82b6-65bc225dc362","block_type":"box","text":"Z Class","page_number":22,"box":{"x":598,"y":563,"width":56,"height":9}},{"id":"d438aaea-4895-4388-a318-e190245a5de1","block_type":"box","text":"0.18%","page_number":22,"box":{"x":709,"y":563,"width":46,"height":9}},{"id":"73a2e4aa-9ad7-4f61-bd4e-062df119327f","block_type":"box","text":"0.18%","page_number":22,"box":{"x":809,"y":563,"width":46,"height":9}},{"id":"0e036ae0-48da-4322-b098-6c2465485da8","block_type":"box","text":"0.18%","page_number":22,"box":{"x":910,"y":563,"width":46,"height":9}},{"id":"e0293a92-de23-4337-b5bb-6de48fb61973","block_type":"box","text":"Z EUR Class","page_number":22,"box":{"x":558,"y":577,"width":96,"height":9}},{"id":"b9fd3f3e-5226-40dd-8700-cdc2dd98dcc7","block_type":"box","text":"0.18%","page_number":22,"box":{"x":709,"y":577,"width":46,"height":9}},{"id":"40bc75be-8a1b-4e2c-9aba-6727ee8ad261","block_type":"box","text":"N/A","page_number":22,"box":{"x":831,"y":577,"width":26,"height":9}},{"id":"b31476ce-208a-4836-950d-7e6b9e15157b","block_type":"box","text":"N/A","page_number":22,"box":{"x":931,"y":577,"width":27,"height":9}},{"id":"32fd90ac-7d12-4f5c-924f-73ad50f5e4ba","block_type":"box","text":"22","page_number":23,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"b2901531-da70-44d4-ac3b-f99ac8037da8","block_type":"box","text":"23","page_number":23,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"6266a983-5e40-4f67-ba6c-c850e1feb8e6","block_type":"box","text":"SARASIN Funds ICVC","page_number":23,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"e01c43bc-2733-4328-9076-df261d184a8d","block_type":"box","text":"Fund Details (continued)","page_number":23,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"ebd15716-602e-4296-b048-2253bfdb3a3d","block_type":"box","text":"Food &","page_number":23,"box":{"x":710,"y":107,"width":45,"height":7}},{"id":"f62b07b8-075b-4063-8430-7210e847fb5d","block_type":"box","text":"Agriculture","page_number":23,"box":{"x":684,"y":119,"width":71,"height":8}},{"id":"4704b59b-4d7e-4e6a-b720-f120343c49e0","block_type":"box","text":"Opportunities","page_number":23,"box":{"x":668,"y":130,"width":87,"height":9}},{"id":"decba28b-4cc9-4bd7-b49f-0c9c4099db9f","block_type":"box","text":"Responsible","page_number":23,"box":{"x":778,"y":107,"width":78,"height":9}},{"id":"415a6a01-817f-479f-a488-945cfe14298c","block_type":"box","text":"Corporate","page_number":23,"box":{"x":793,"y":118,"width":63,"height":9}},{"id":"139b701b-13a3-4dcc-b60d-ca8b0cec4947","block_type":"box","text":"Bond","page_number":23,"box":{"x":823,"y":130,"width":33,"height":7}},{"id":"6fd29e07-ffbb-4af0-93c4-32209d6e39e2","block_type":"box","text":"Responsible","page_number":23,"box":{"x":878,"y":119,"width":79,"height":8}},{"id":"7c063b90-6cec-4d5f-afc6-1e7157b83728","block_type":"box","text":"Multi Asset","page_number":23,"box":{"x":887,"y":130,"width":70,"height":7}},{"id":"c0e0603b-dd07-421d-b02b-ecad9aafda29","block_type":"box","text":"Fixed Rate Operating","page_number":23,"box":{"x":43,"y":157,"width":167,"height":11}},{"id":"f5c1e464-548a-4cef-b11a-aa2ce729cda4","block_type":"box","text":"Charge (FOC) (annual) (continued)","page_number":23,"box":{"x":43,"y":171,"width":273,"height":11}},{"id":"ba50fd37-12ff-4b7d-a6dc-2d0941912bdb","block_type":"box","text":"FOC Tier 2 (£300m-£600m sub-fund","page_number":23,"box":{"x":43,"y":199,"width":285,"height":11}},{"id":"8bf6ebd3-fb89-4231-bb0f-8e84489e3c21","block_type":"box","text":"Net Asset Value)","page_number":23,"box":{"x":43,"y":213,"width":129,"height":11}},{"id":"3caa52a0-b00f-4365-b705-b0dec1e038ab","block_type":"box","text":"A Class","page_number":23,"box":{"x":598,"y":213,"width":56,"height":9}},{"id":"ccc7a7cc-e119-43b5-ac37-6e7f6bfdc661","block_type":"box","text":"0.16%","page_number":23,"box":{"x":709,"y":213,"width":46,"height":9}},{"id":"1871d42f-3982-4fe2-aec3-f39756f821ce","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":213,"width":26,"height":9}},{"id":"cbeba212-7e1e-42f1-8c30-24e332f3b80b","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":211,"width":27,"height":9}},{"id":"cc100035-e1c9-40b8-ba1f-0cc146aec30c","block_type":"box","text":"D Class","page_number":23,"box":{"x":597,"y":227,"width":57,"height":8}},{"id":"eb126f65-27d0-42a8-a62f-956ec87277f7","block_type":"box","text":"N/A","page_number":23,"box":{"x":730,"y":226,"width":27,"height":9}},{"id":"d70ee645-7ffc-4cdd-854d-2726b44a8782","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":226,"width":26,"height":9}},{"id":"4aed0619-1fe7-41d7-aac2-876c0223f315","block_type":"box","text":"0.15%","page_number":23,"box":{"x":910,"y":226,"width":46,"height":10}},{"id":"60c16ce8-cf36-4e83-bdd3-daa6e65ab3cd","block_type":"box","text":"F Class","page_number":23,"box":{"x":599,"y":240,"width":55,"height":9}},{"id":"31770144-b2c0-47c0-9942-99f323adb681","block_type":"box","text":"0.16%","page_number":23,"box":{"x":709,"y":240,"width":46,"height":9}},{"id":"b4dc0056-bb7f-4bb9-80eb-65dfa3bffb09","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":240,"width":26,"height":9}},{"id":"81a50d63-74ad-4ef4-8928-4963e312d384","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"3d749cf0-354f-482a-bae5-dc1580ff1455","block_type":"box","text":"I Class","page_number":23,"box":{"x":605,"y":254,"width":49,"height":9}},{"id":"68e2074c-7d42-4c92-ae18-554cdda76301","block_type":"box","text":"0.16%","page_number":23,"box":{"x":709,"y":254,"width":46,"height":9}},{"id":"7a320894-b917-49f7-a814-fba738b1bbaf","block_type":"box","text":"0.10%","page_number":23,"box":{"x":809,"y":254,"width":46,"height":9}},{"id":"94fc37a9-2df2-49b0-b95f-c081c8c86ab6","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":254,"width":27,"height":9}},{"id":"b978147a-e9e2-46f6-87f7-c235ac2de0c3","block_type":"box","text":"L Class","page_number":23,"box":{"x":601,"y":268,"width":53,"height":9}},{"id":"80b0311e-0e55-4d5e-8481-6eaa10409db3","block_type":"box","text":"N/A","page_number":23,"box":{"x":730,"y":268,"width":27,"height":9}},{"id":"5ef91fd1-6990-4229-9b85-b5325f1e71f0","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":268,"width":26,"height":9}},{"id":"d6a1979d-ab5a-4438-b88a-788b657eba07","block_type":"box","text":"0.16%","page_number":23,"box":{"x":910,"y":268,"width":46,"height":9}},{"id":"234517ec-39f5-4fcb-a768-af28ebe5a834","block_type":"box","text":"P Class","page_number":23,"box":{"x":599,"y":282,"width":55,"height":9}},{"id":"fc764c8d-0048-4bb1-8bf7-d9370e5c2931","block_type":"box","text":"0.16%","page_number":23,"box":{"x":709,"y":282,"width":46,"height":9}},{"id":"8f68dbe6-a9a2-419e-93e4-3d989c8efc7a","block_type":"box","text":"0.16%","page_number":23,"box":{"x":809,"y":282,"width":46,"height":9}},{"id":"31645653-c6c2-4c50-969e-676521b12e54","block_type":"box","text":"0.16%","page_number":23,"box":{"x":910,"y":282,"width":46,"height":9}},{"id":"9a24e445-9838-448c-beae-928f040228ef","block_type":"box","text":"V Class","page_number":23,"box":{"x":597,"y":296,"width":57,"height":8}},{"id":"13ae4b12-e35d-4773-9bd7-b948b626118b","block_type":"box","text":"0.15%","page_number":23,"box":{"x":709,"y":295,"width":46,"height":9}},{"id":"197b3ea8-e5af-4f20-8072-7d38194c3084","block_type":"box","text":"0.15%","page_number":23,"box":{"x":809,"y":295,"width":46,"height":9}},{"id":"f56bb284-eb86-4f53-a990-79a093df815e","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"daefcb32-4a50-4527-955a-5d3c44fdda92","block_type":"box","text":"X Class","page_number":23,"box":{"x":597,"y":309,"width":57,"height":9}},{"id":"78dc37b0-75a9-43e4-99bd-ae09975bebf5","block_type":"box","text":"0.21%","page_number":23,"box":{"x":709,"y":309,"width":46,"height":9}},{"id":"e1bc2efa-20b6-4e88-9f51-613b533b2084","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":309,"width":26,"height":9}},{"id":"6eed2bd3-f00c-482f-bebd-939ae1925dbe","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":309,"width":27,"height":9}},{"id":"01a824a0-338a-4a55-a64c-445d9b84a206","block_type":"box","text":"Z Class","page_number":23,"box":{"x":598,"y":323,"width":56,"height":9}},{"id":"0666875b-d7a9-423e-93d6-fa9be23bce57","block_type":"box","text":"0.18%","page_number":23,"box":{"x":709,"y":323,"width":46,"height":9}},{"id":"833f82e3-62c4-4dc5-ab43-8e0e50edf1f5","block_type":"box","text":"0.18%","page_number":23,"box":{"x":809,"y":323,"width":46,"height":9}},{"id":"3a3630c4-fc5f-4093-b9cf-1b2abbd746c3","block_type":"box","text":"0.18%","page_number":23,"box":{"x":910,"y":323,"width":46,"height":9}},{"id":"22c696ac-6a91-4a41-9b78-c713d8ec04ef","block_type":"box","text":"Z EUR Class","page_number":23,"box":{"x":558,"y":337,"width":96,"height":9}},{"id":"e31e83d4-354b-438e-8772-d77a60c4ed3a","block_type":"box","text":"0.18%","page_number":23,"box":{"x":709,"y":337,"width":46,"height":9}},{"id":"0fd506aa-9979-4cf3-8d67-22a0a8534e62","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":337,"width":26,"height":9}},{"id":"ea17bbeb-24e2-4992-92f1-ca543cc737a4","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":337,"width":27,"height":9}},{"id":"10951557-5881-4f7d-88fb-48bbd7b15da8","block_type":"box","text":"FOC Tier 3 (£600m+ sub-fund","page_number":23,"box":{"x":43,"y":364,"width":237,"height":11}},{"id":"7624facb-ba1f-4131-a024-851ab66c0737","block_type":"box","text":"Net Asset Value)","page_number":23,"box":{"x":43,"y":378,"width":129,"height":12}},{"id":"28a03ea7-9e0d-4385-a303-7fc645fa0dab","block_type":"box","text":"A Class","page_number":23,"box":{"x":598,"y":378,"width":56,"height":9}},{"id":"d15293b9-26e3-4e5b-b50d-26fb5bb3e65a","block_type":"box","text":"0.11%","page_number":23,"box":{"x":710,"y":378,"width":45,"height":9}},{"id":"49e40906-2c07-4acb-bc0b-72694ca34352","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":378,"width":26,"height":9}},{"id":"f8e7cb8e-0aa9-4080-af56-1dace74031dd","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":377,"width":27,"height":9}},{"id":"e21ac4b8-752c-44d6-b408-a0504c33cd79","block_type":"box","text":"D Class","page_number":23,"box":{"x":597,"y":392,"width":57,"height":9}},{"id":"a2f3418f-c702-4278-ad4e-811a0b0ec823","block_type":"box","text":"N/A","page_number":23,"box":{"x":730,"y":392,"width":27,"height":9}},{"id":"6c75edf0-57a0-49ab-a630-7fda993250f2","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":392,"width":26,"height":9}},{"id":"c7404c25-e9ce-49df-ba62-c39fe445becd","block_type":"box","text":"0.15%","page_number":23,"box":{"x":910,"y":392,"width":46,"height":9}},{"id":"a2d1c465-7dc6-47d4-89c1-a559497d9a60","block_type":"box","text":"F Class","page_number":23,"box":{"x":599,"y":406,"width":55,"height":9}},{"id":"a86b2add-4c18-47e6-b575-2a5a15c2ed02","block_type":"box","text":"0.11%","page_number":23,"box":{"x":710,"y":406,"width":45,"height":9}},{"id":"9f1b79eb-6d2d-4f92-ab4b-1d9a52bfeb15","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":406,"width":26,"height":9}},{"id":"005a03ad-a26e-4cfe-abe1-cdbaf600e492","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":406,"width":27,"height":9}},{"id":"84af8f0a-94a4-40fc-81b2-2bcfe854847c","block_type":"box","text":"I Class","page_number":23,"box":{"x":605,"y":420,"width":49,"height":9}},{"id":"800d9cb4-b4de-4397-9c36-f4e1f656e3aa","block_type":"box","text":"0.11%","page_number":23,"box":{"x":710,"y":420,"width":45,"height":9}},{"id":"113ed2fb-862d-4414-ae6e-ea2abc5dbfac","block_type":"box","text":"0.05%","page_number":23,"box":{"x":809,"y":420,"width":46,"height":9}},{"id":"4cd71ab4-970f-4583-b745-c606096bef41","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":420,"width":27,"height":9}},{"id":"87414cbd-acc9-4c96-aca7-508797ce2537","block_type":"box","text":"L Class","page_number":23,"box":{"x":601,"y":434,"width":53,"height":8}},{"id":"fa96ba59-df23-4fab-bbb8-9f93c5584a39","block_type":"box","text":"N/A","page_number":23,"box":{"x":730,"y":433,"width":27,"height":9}},{"id":"58aebde9-9ea1-41e3-8310-c74269b0ed4b","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":433,"width":26,"height":9}},{"id":"99ef8626-7082-4c8c-94f9-b61b7810827e","block_type":"box","text":"0.11%","page_number":23,"box":{"x":912,"y":433,"width":44,"height":9}},{"id":"0d6d2a21-f3a3-43ef-a2c2-4fdace6571c0","block_type":"box","text":"P Class","page_number":23,"box":{"x":599,"y":447,"width":55,"height":9}},{"id":"c4b7a5c0-e25a-4c33-ace0-d0b2ed9d393b","block_type":"box","text":"0.11%","page_number":23,"box":{"x":710,"y":447,"width":45,"height":9}},{"id":"b32af9c9-6d56-4a98-ad3d-0ad2ff8db40b","block_type":"box","text":"0.11%","page_number":23,"box":{"x":811,"y":447,"width":44,"height":9}},{"id":"2460ac41-cb8b-4408-a8ac-6a53db88d732","block_type":"box","text":"0.11%","page_number":23,"box":{"x":912,"y":447,"width":44,"height":9}},{"id":"27bbbcce-8695-4ba8-98aa-05afefea4a68","block_type":"box","text":"V Class","page_number":23,"box":{"x":597,"y":461,"width":57,"height":9}},{"id":"f77d7617-c632-4673-bbff-d6bfc5103581","block_type":"box","text":"0.15%","page_number":23,"box":{"x":709,"y":461,"width":46,"height":9}},{"id":"d28bae6e-2664-4e5b-a9fe-4b6c42f51a83","block_type":"box","text":"0.15%","page_number":23,"box":{"x":809,"y":461,"width":46,"height":9}},{"id":"5ee513fc-be93-4c1e-8cd8-9747e0851157","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":461,"width":27,"height":9}},{"id":"568e8ea1-337d-4e7d-b882-77a14203fd38","block_type":"box","text":"X Class","page_number":23,"box":{"x":597,"y":475,"width":57,"height":9}},{"id":"3021f8eb-9e80-4bf2-ae0d-0bb7b1b5dbe1","block_type":"box","text":"0.21%","page_number":23,"box":{"x":709,"y":475,"width":46,"height":9}},{"id":"1bc16d53-ca72-4664-9b64-037a3a1cc830","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":475,"width":26,"height":9}},{"id":"26047c35-9cca-4ae3-9885-8eb623cf4dfc","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":475,"width":27,"height":9}},{"id":"7d1cb3f9-0fe4-49f5-ada9-be18e6a3f43a","block_type":"box","text":"Z Class","page_number":23,"box":{"x":598,"y":489,"width":56,"height":8}},{"id":"93eafd71-ef6c-438b-b995-44cec576b115","block_type":"box","text":"0.18%","page_number":23,"box":{"x":709,"y":489,"width":46,"height":9}},{"id":"fb34f89e-068f-4557-b640-a1b753ff7f6a","block_type":"box","text":"0.18%","page_number":23,"box":{"x":809,"y":489,"width":46,"height":9}},{"id":"b06f3fc6-35ac-4472-bfe5-127514cebd91","block_type":"box","text":"0.18%","page_number":23,"box":{"x":910,"y":489,"width":46,"height":9}},{"id":"d2a54de1-27d6-4a40-b988-34f17ba1c76d","block_type":"box","text":"Z EUR Class","page_number":23,"box":{"x":558,"y":502,"width":96,"height":9}},{"id":"4529568e-b74b-4714-9177-ecb2126628f9","block_type":"box","text":"0.18%","page_number":23,"box":{"x":709,"y":502,"width":46,"height":9}},{"id":"69b23af0-553d-4a81-a1ab-5b2cd74cc153","block_type":"box","text":"N/A","page_number":23,"box":{"x":831,"y":502,"width":26,"height":9}},{"id":"3f5ea57f-44bb-488f-8bd6-387a663e8415","block_type":"box","text":"N/A","page_number":23,"box":{"x":931,"y":502,"width":27,"height":9}},{"id":"c8f65fe9-02a2-4ee0-9353-4090cb22dc8b","block_type":"box","text":"23","page_number":24,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"87c71a41-cd5f-42f4-9ad1-efc8bab73347","block_type":"box","text":"SARASIN Funds ICVC","page_number":24,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"953571d4-4dd8-4dfc-975e-cb82b08ed1eb","block_type":"box","text":"Fund Details (continued)","page_number":24,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"4b600b4a-258c-46bf-9ebb-a2df8a793e7e","block_type":"box","text":"Food &","page_number":24,"box":{"x":710,"y":107,"width":45,"height":7}},{"id":"89702bb0-0012-471b-8eb5-d8691f7ca32c","block_type":"box","text":"Agriculture","page_number":24,"box":{"x":684,"y":119,"width":71,"height":8}},{"id":"c04a76bd-0a73-44bb-bdc5-2073288111b3","block_type":"box","text":"Opportunities","page_number":24,"box":{"x":668,"y":130,"width":87,"height":9}},{"id":"5ce16030-6a94-469d-bba0-ff414b1810c9","block_type":"box","text":"Responsible","page_number":24,"box":{"x":778,"y":107,"width":78,"height":9}},{"id":"85b4aedf-9e08-4394-bff6-ea98fdcc4b6a","block_type":"box","text":"Corporate","page_number":24,"box":{"x":793,"y":118,"width":63,"height":9}},{"id":"3bf9f679-7342-492f-b58c-c963e3704034","block_type":"box","text":"Bond","page_number":24,"box":{"x":823,"y":130,"width":33,"height":7}},{"id":"7d6f3270-d416-4bb6-8b8d-5aec16f462f1","block_type":"box","text":"Responsible","page_number":24,"box":{"x":878,"y":119,"width":79,"height":8}},{"id":"559c6374-ee87-4483-8a20-cb50a936dc94","block_type":"box","text":"Multi Asset","page_number":24,"box":{"x":887,"y":130,"width":70,"height":7}},{"id":"2e7e5e84-470c-4d17-b384-a09c18d88493","block_type":"box","text":"Share Types","page_number":24,"box":{"x":42,"y":157,"width":98,"height":11}},{"id":"4381f828-86fa-4d53-bca5-b0d12c2d4f92","block_type":"box","text":"Inc and Acc","page_number":24,"box":{"x":670,"y":157,"width":85,"height":9}},{"id":"1f80355d-575b-4f16-ba68-190ecf039d2d","block_type":"box","text":"Inc and Acc","page_number":24,"box":{"x":771,"y":157,"width":85,"height":9}},{"id":"4b69f1e5-153a-40ad-8479-22cfa740d307","block_type":"box","text":"Inc and Acc","page_number":24,"box":{"x":872,"y":157,"width":85,"height":9}},{"id":"985a3346-edbd-47f8-8504-f5921bafd5bc","block_type":"box","text":"Minimum Initial","page_number":24,"box":{"x":43,"y":184,"width":120,"height":9}},{"id":"e6e98f8c-2447-4f7d-847c-e59e22e7fbc0","block_type":"box","text":"Investment","page_number":24,"box":{"x":43,"y":199,"width":87,"height":8}},{"id":"a4d3f7d3-4ae0-428a-a148-6eb6e4c2b25a","block_type":"box","text":"A Class","page_number":24,"box":{"x":598,"y":198,"width":56,"height":9}},{"id":"63d1b328-b8a1-40c4-a8a2-95cc2387021f","block_type":"box","text":"£1,000","page_number":24,"box":{"x":704,"y":198,"width":51,"height":11}},{"id":"93483705-ef79-48d6-aa0e-585aa3bf8929","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":198,"width":26,"height":9}},{"id":"72e6b537-4875-4d4f-b959-cd6585b46bba","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":198,"width":27,"height":9}},{"id":"4f0da013-b618-4d8a-a5f6-6bc282dea569","block_type":"box","text":"D Class","page_number":24,"box":{"x":597,"y":212,"width":57,"height":9}},{"id":"e8cdc99e-81f2-4a3f-a9a8-da68112cfd86","block_type":"box","text":"N/A","page_number":24,"box":{"x":730,"y":212,"width":27,"height":9}},{"id":"f5a96130-a143-4119-80cd-e71dfc311f86","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":212,"width":26,"height":9}},{"id":"183321f8-2c5a-4153-9a76-0149dc8707d9","block_type":"box","text":"£5,000,000","page_number":24,"box":{"x":873,"y":212,"width":83,"height":11}},{"id":"0b3e1eb2-7a85-4885-8162-05a0667fb142","block_type":"box","text":"F Class","page_number":24,"box":{"x":599,"y":226,"width":55,"height":9}},{"id":"841d3720-6729-41d3-91a6-083037c9ea2e","block_type":"box","text":"£1,000","page_number":24,"box":{"x":704,"y":226,"width":51,"height":10}},{"id":"b669224b-3d24-4fb4-b022-b4a994e9b50a","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":226,"width":26,"height":9}},{"id":"cfce12ca-d08b-49c0-9bd6-09e18f0632fa","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":226,"width":27,"height":9}},{"id":"12485dd2-3b3c-4a57-acc4-fe8da85556e8","block_type":"box","text":"I Class","page_number":24,"box":{"x":605,"y":240,"width":49,"height":9}},{"id":"f3632c42-5c1f-4ff9-9bba-470a0477dde9","block_type":"box","text":"£1,000,000","page_number":24,"box":{"x":672,"y":240,"width":83,"height":10}},{"id":"ad8e7a31-740e-40a3-b48b-74d2f5cee79d","block_type":"box","text":"£1,000,000","page_number":24,"box":{"x":773,"y":240,"width":83,"height":10}},{"id":"3a2fd333-20c8-4893-90c9-a55db78c110a","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":240,"width":27,"height":9}},{"id":"265d12e2-bf59-4245-99f9-4404f16fd6e4","block_type":"box","text":"L Class","page_number":24,"box":{"x":601,"y":254,"width":53,"height":8}},{"id":"0b73a29b-711e-4a0e-9fad-83793b1cf9ff","block_type":"box","text":"N/A","page_number":24,"box":{"x":730,"y":254,"width":27,"height":8}},{"id":"04cf1285-9242-4c14-a079-d1f3f6dc2c87","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":254,"width":26,"height":8}},{"id":"a5c296fb-05eb-480c-9450-fcfeac42c64e","block_type":"box","text":"£10,000,000","page_number":24,"box":{"x":864,"y":254,"width":92,"height":10}},{"id":"7911ef24-6875-46b0-8671-ae967f1114a4","block_type":"box","text":"P Class","page_number":24,"box":{"x":599,"y":267,"width":55,"height":9}},{"id":"d874faa5-36cf-4f29-8881-014801aefdd1","block_type":"box","text":"£1,000","page_number":24,"box":{"x":704,"y":267,"width":51,"height":11}},{"id":"1d52b0c0-51e9-4c1a-9ce6-4f037435504f","block_type":"box","text":"£1,000","page_number":24,"box":{"x":805,"y":267,"width":51,"height":11}},{"id":"9646c7a2-d930-41be-946b-12ea9bc07832","block_type":"box","text":"£1,000","page_number":24,"box":{"x":906,"y":267,"width":50,"height":11}},{"id":"c6676d85-8f16-499c-af05-24a31228a830","block_type":"box","text":"V Class","page_number":24,"box":{"x":597,"y":281,"width":57,"height":9}},{"id":"e8dd024a-0202-4e75-ad50-b9a4cbae98b9","block_type":"box","text":"£1,000","page_number":24,"box":{"x":704,"y":281,"width":51,"height":11}},{"id":"5fc9cd9e-3a91-4a73-8549-dbed44f6a222","block_type":"box","text":"£1,000","page_number":24,"box":{"x":805,"y":281,"width":51,"height":11}},{"id":"894f2dc9-abfa-4112-87d8-fd7c6c6da82b","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":281,"width":27,"height":9}},{"id":"708f7329-2120-4233-b034-ac980fb8879a","block_type":"box","text":"X Class","page_number":24,"box":{"x":597,"y":295,"width":57,"height":9}},{"id":"9bb93a56-ba49-4129-9a62-6b3bd8e8673c","block_type":"box","text":"£1,000","page_number":24,"box":{"x":704,"y":295,"width":51,"height":10}},{"id":"e07efaf6-fc4a-4a4b-9583-5e29dc7ae12e","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":295,"width":26,"height":9}},{"id":"7ce21353-c295-4f8d-b4ee-b9593bbfe53f","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":295,"width":27,"height":9}},{"id":"afb1eeee-9aae-49ca-9db3-8b424e0f14b7","block_type":"box","text":"Z Class","page_number":24,"box":{"x":598,"y":309,"width":56,"height":9}},{"id":"29458493-c84b-412a-82c2-f573ecee6a4d","block_type":"box","text":"£1,000","page_number":24,"box":{"x":704,"y":309,"width":51,"height":10}},{"id":"166d6bfe-c107-4e46-85b6-fa2b41ea1f6d","block_type":"box","text":"£1,000","page_number":24,"box":{"x":805,"y":309,"width":51,"height":10}},{"id":"464a2c98-06f9-4f87-ac81-cb48bf925737","block_type":"box","text":"£1,000","page_number":24,"box":{"x":906,"y":309,"width":50,"height":10}},{"id":"e3dbdf83-dbb9-40f9-aca2-3c7b9221d926","block_type":"box","text":"Z EUR Class","page_number":24,"box":{"x":558,"y":323,"width":96,"height":8}},{"id":"23adc1d4-790e-45cf-a876-870a7e826ce1","block_type":"box","text":"€1,000","page_number":24,"box":{"x":704,"y":322,"width":51,"height":11}},{"id":"ba22971d-031b-468e-a059-378a18f6e4cd","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":322,"width":26,"height":9}},{"id":"13d72dd0-b260-49ca-b038-fe7c362b8e63","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":322,"width":27,"height":9}},{"id":"ff938650-db8e-4391-acf3-3f4e174d12c4","block_type":"box","text":"Food &","page_number":24,"box":{"x":710,"y":349,"width":45,"height":7}},{"id":"3b58b34f-c531-4281-8d3c-24ac6344c14e","block_type":"box","text":"Agriculture","page_number":24,"box":{"x":684,"y":361,"width":71,"height":9}},{"id":"77c11295-13e5-4ff7-8ea1-4316caf5c5fe","block_type":"box","text":"Opportunities","page_number":24,"box":{"x":668,"y":372,"width":87,"height":9}},{"id":"4debf70f-93d1-4381-b4be-6e56a1151bca","block_type":"box","text":"Responsible","page_number":24,"box":{"x":778,"y":349,"width":78,"height":9}},{"id":"e77ff18e-6346-41f7-8f7f-b7532968a8c1","block_type":"box","text":"Corporate","page_number":24,"box":{"x":793,"y":361,"width":63,"height":8}},{"id":"d5131de5-6d5d-4f0d-9e32-675ab4894710","block_type":"box","text":"Bond","page_number":24,"box":{"x":823,"y":372,"width":33,"height":7}},{"id":"4e995ae5-478b-4b67-a2b4-99ca6a1a3bdf","block_type":"box","text":"Responsible","page_number":24,"box":{"x":878,"y":361,"width":79,"height":8}},{"id":"f0846070-3de4-44d4-b00a-eccb8574a9ea","block_type":"box","text":"Multi Asset","page_number":24,"box":{"x":887,"y":372,"width":70,"height":7}},{"id":"757eb0be-218b-4e69-9664-fe3e149c39de","block_type":"box","text":"Minimum Monthly","page_number":24,"box":{"x":43,"y":399,"width":141,"height":11}},{"id":"60c00671-e4ae-4bcc-bce9-37eaa822aeda","block_type":"box","text":"Savings Plan","page_number":24,"box":{"x":42,"y":414,"width":103,"height":11}},{"id":"d1661cac-2c01-4f81-a0c1-e98bf046936c","block_type":"box","text":"A Class","page_number":24,"box":{"x":598,"y":413,"width":56,"height":9}},{"id":"93d60603-b4e2-480e-bc03-654678786931","block_type":"box","text":"£100","page_number":24,"box":{"x":719,"y":414,"width":36,"height":8}},{"id":"fe2b14cb-184d-4ce4-bc99-5bb73a0d6223","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":413,"width":26,"height":9}},{"id":"05f84b07-d175-4795-b60b-5917a2f9b60b","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":413,"width":27,"height":9}},{"id":"aaa326be-4cf8-4ce8-a1f3-054f29dddea6","block_type":"box","text":"D Class","page_number":24,"box":{"x":597,"y":427,"width":57,"height":9}},{"id":"24d9cb23-374e-4d76-b9e4-dc541779fb1d","block_type":"box","text":"N/A","page_number":24,"box":{"x":730,"y":427,"width":27,"height":9}},{"id":"8bd6d0bb-d821-4759-925e-e5deb62265c1","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":427,"width":26,"height":9}},{"id":"fa6a3be3-30ca-456b-97b9-710da10f236e","block_type":"box","text":"None","page_number":24,"box":{"x":918,"y":428,"width":38,"height":8}},{"id":"54331103-cd7e-4478-b4b4-408bf153fa1b","block_type":"box","text":"F Class","page_number":24,"box":{"x":599,"y":441,"width":55,"height":9}},{"id":"3441f89e-8aac-46a9-bc92-4def427b74f0","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":441,"width":38,"height":9}},{"id":"b01a9a4b-7498-4527-a370-206186631d95","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":441,"width":26,"height":9}},{"id":"ade95b2c-1e4d-478f-b8cb-983857818adb","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":441,"width":27,"height":9}},{"id":"d3b4bac9-7b01-414e-89b4-2239e73958a3","block_type":"box","text":"I Class","page_number":24,"box":{"x":605,"y":455,"width":49,"height":9}},{"id":"7c373c80-4274-43ad-9fc9-150a5edfebc6","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":455,"width":38,"height":9}},{"id":"529146a0-bce0-446f-a5d8-72d61332face","block_type":"box","text":"None","page_number":24,"box":{"x":818,"y":455,"width":38,"height":9}},{"id":"479034a7-fe94-42ca-80c4-6a5ddefea411","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":455,"width":27,"height":9}},{"id":"7eee0cdc-e2cf-4991-808e-d42972077bc6","block_type":"box","text":"L Class","page_number":24,"box":{"x":601,"y":469,"width":53,"height":8}},{"id":"87466b3a-f500-4782-8563-9cbddf8d0355","block_type":"box","text":"N/A","page_number":24,"box":{"x":730,"y":469,"width":27,"height":8}},{"id":"3a7b0e16-5a61-40ea-b692-ef140382bf39","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":469,"width":26,"height":8}},{"id":"1dd87f9d-7be3-4a7b-b693-3336136477ea","block_type":"box","text":"None","page_number":24,"box":{"x":918,"y":469,"width":38,"height":8}},{"id":"a77385e5-9e79-4af5-b3f5-5301005fe5e6","block_type":"box","text":"P Class","page_number":24,"box":{"x":599,"y":483,"width":55,"height":8}},{"id":"6f0c13ed-b270-498d-96c2-10ff425258d0","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":483,"width":38,"height":8}},{"id":"d7949d4b-1a44-4678-a857-156d1131bf69","block_type":"box","text":"None","page_number":24,"box":{"x":818,"y":483,"width":38,"height":8}},{"id":"50f62f0f-7b27-4ee1-adcc-abb09dd10814","block_type":"box","text":"None","page_number":24,"box":{"x":918,"y":483,"width":38,"height":8}},{"id":"4d531059-4dd1-4120-adbd-3c87d979e3d2","block_type":"box","text":"V Class","page_number":24,"box":{"x":597,"y":496,"width":57,"height":9}},{"id":"70aec28c-b875-4aeb-9a93-997d99f6c9e0","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":496,"width":38,"height":9}},{"id":"6628a9ce-1fac-4ea7-9021-506b1a9eb19f","block_type":"box","text":"None","page_number":24,"box":{"x":818,"y":496,"width":38,"height":9}},{"id":"7cc9afa2-dd91-4446-a72e-d716c4f27e18","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":496,"width":27,"height":9}},{"id":"1e3cf832-54d7-42e1-b0a9-444b87cf9526","block_type":"box","text":"X Class","page_number":24,"box":{"x":597,"y":510,"width":57,"height":9}},{"id":"6b7bfcd4-aa51-40b7-8817-3c98f1943b61","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":510,"width":38,"height":9}},{"id":"b85e905a-e36d-4d42-8ff3-ed0ae3ba33e3","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":510,"width":26,"height":9}},{"id":"5d177a96-33b3-477e-8d81-2a7021b49e0e","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":510,"width":27,"height":9}},{"id":"8520d318-13ea-4a9c-abe4-ab23601442ae","block_type":"box","text":"Z Class","page_number":24,"box":{"x":598,"y":524,"width":56,"height":9}},{"id":"deabc909-2ee2-4984-b75f-5b74208f7d7c","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":524,"width":38,"height":9}},{"id":"f1733231-568e-4d20-afb9-0795c3d061b0","block_type":"box","text":"None","page_number":24,"box":{"x":818,"y":524,"width":38,"height":9}},{"id":"dc52acc7-67c2-4b89-9190-fd860e060a91","block_type":"box","text":"None","page_number":24,"box":{"x":918,"y":524,"width":38,"height":9}},{"id":"794e179e-ffc3-4581-bbaf-53bacd09af12","block_type":"box","text":"Z EUR Class","page_number":24,"box":{"x":558,"y":538,"width":96,"height":8}},{"id":"3f4aa473-56d3-43d7-8861-d9466cf96c97","block_type":"box","text":"None","page_number":24,"box":{"x":717,"y":538,"width":38,"height":8}},{"id":"62d6b126-78b1-4933-8958-90a683dfd35f","block_type":"box","text":"N/A","page_number":24,"box":{"x":831,"y":537,"width":26,"height":9}},{"id":"baccb2f6-b632-4186-ad14-c3a0b9191078","block_type":"box","text":"N/A","page_number":24,"box":{"x":931,"y":537,"width":27,"height":9}},{"id":"e694cbdb-c517-401a-addc-068006832a51","block_type":"box","text":"ISA","page_number":24,"box":{"x":43,"y":565,"width":27,"height":9}},{"id":"dc4cef8f-9b50-498b-8e6c-04dec4924b1c","block_type":"box","text":"Yes","page_number":24,"box":{"x":728,"y":565,"width":27,"height":9}},{"id":"fea56df7-be3d-4ea1-8c59-2b33360a731e","block_type":"box","text":"Yes","page_number":24,"box":{"x":829,"y":565,"width":27,"height":9}},{"id":"873afd6f-4fba-4bb8-a33a-478ae2b07cd4","block_type":"box","text":"Yes","page_number":24,"box":{"x":930,"y":565,"width":27,"height":9}},{"id":"da93b163-3ba4-4ac2-916e-790d63cfa2bd","block_type":"box","text":"Annual Accounts","page_number":24,"box":{"x":42,"y":592,"width":136,"height":9}},{"id":"1955d797-1035-4e78-8f71-f86506d3bae5","block_type":"box","text":"31 Dec","page_number":24,"box":{"x":703,"y":592,"width":52,"height":9}},{"id":"815b25ee-a605-4733-84e6-d13cfb649171","block_type":"box","text":"31 Dec","page_number":24,"box":{"x":804,"y":592,"width":52,"height":9}},{"id":"a87060f8-458d-492a-aa0e-c920ab579244","block_type":"box","text":"31 Dec","page_number":24,"box":{"x":905,"y":592,"width":52,"height":9}},{"id":"56679b5d-1ce1-4861-97ff-4475ede81710","block_type":"box","text":"Interim Accounts","page_number":24,"box":{"x":43,"y":620,"width":135,"height":8}},{"id":"347d8aed-a502-4cfa-b43c-8d58e503fcb0","block_type":"box","text":"30 Jun","page_number":24,"box":{"x":706,"y":619,"width":48,"height":9}},{"id":"40927410-3eff-417c-be14-aa1fb0813de3","block_type":"box","text":"30 Jun","page_number":24,"box":{"x":807,"y":619,"width":48,"height":9}},{"id":"5e059bed-8a32-4f05-b8d0-c895d67cc911","block_type":"box","text":"30 Jun","page_number":24,"box":{"x":907,"y":619,"width":49,"height":9}},{"id":"7cc0e95d-b8e0-4a83-a376-8a3c460f4052","block_type":"box","text":"Annual Distribution","page_number":24,"box":{"x":42,"y":647,"width":154,"height":8}},{"id":"4397ee2b-ae88-4d9f-b37e-00126f7b61ab","block_type":"box","text":"28 Feb","page_number":24,"box":{"x":704,"y":647,"width":51,"height":8}},{"id":"7a78db35-f055-409f-84c9-8ea72c1f5757","block_type":"box","text":"28 Feb","page_number":24,"box":{"x":805,"y":647,"width":51,"height":8}},{"id":"83f53a3c-56f0-444f-99b7-19ac20bfb24b","block_type":"box","text":"28 Feb","page_number":24,"box":{"x":905,"y":647,"width":51,"height":8}},{"id":"62308d56-e2de-4457-b767-8e223386687d","block_type":"box","text":"Interim Distribution","page_number":24,"box":{"x":43,"y":674,"width":153,"height":9}},{"id":"18b8fa07-6c43-4b26-a42b-885d0429e957","block_type":"box","text":"-","page_number":24,"box":{"x":751,"y":679,"width":4,"height":1}},{"id":"bba25458-52e7-4f4e-94fb-5d4a9e932422","block_type":"box","text":"31 May","page_number":24,"box":{"x":802,"y":674,"width":54,"height":11}},{"id":"2e91f473-5ea3-45ff-bd6f-d7347967e056","block_type":"box","text":"-","page_number":24,"box":{"x":952,"y":679,"width":5,"height":1}},{"id":"c88ef5ef-d905-4612-b64b-37a36b8de6db","block_type":"box","text":"31 Aug","page_number":24,"box":{"x":704,"y":688,"width":51,"height":11}},{"id":"a776fbaa-c671-47fb-b6cc-3a28bcafa222","block_type":"box","text":"31 Aug","page_number":24,"box":{"x":805,"y":688,"width":50,"height":11}},{"id":"95957690-61b3-4672-9ef1-31c091fefc86","block_type":"box","text":"31 Aug","page_number":24,"box":{"x":906,"y":688,"width":50,"height":11}},{"id":"872dc875-3a63-4a69-9cff-6d0976f0bfae","block_type":"box","text":"-","page_number":24,"box":{"x":751,"y":706,"width":4,"height":2}},{"id":"33c9babb-09ae-4d7c-96bb-4a6109dd942e","block_type":"box","text":"30 Nov","page_number":24,"box":{"x":804,"y":701,"width":52,"height":9}},{"id":"903d68ad-efc4-4231-b688-455121034aa3","block_type":"box","text":"-","page_number":24,"box":{"x":952,"y":706,"width":5,"height":2}},{"id":"643c4de8-c44c-48fc-94ca-495294d7982a","block_type":"box","text":"24","page_number":25,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"9d4bfcee-490f-4a65-9b54-c93a4e66e7f2","block_type":"box","text":"25","page_number":25,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5c949404-a514-485f-bac5-ee4940b4ca4b","block_type":"box","text":"SARASIN Funds ICVC","page_number":25,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"0d51a67d-f1fe-4d5e-8d6b-ac1f06cd3c18","block_type":"box","text":"Fund Details (continued)","page_number":25,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"25ce02d1-fc57-4345-ae19-0d339ff7ad2c","block_type":"box","text":"Balanced","page_number":25,"box":{"x":596,"y":107,"width":58,"height":7}},{"id":"f4279ec5-aae2-466a-ad1d-ddeacee08aea","block_type":"box","text":"Managed","page_number":25,"box":{"x":598,"y":119,"width":56,"height":8}},{"id":"d2200898-5ed4-4d1e-8d69-305c4710a601","block_type":"box","text":"Cautious","page_number":25,"box":{"x":699,"y":107,"width":56,"height":7}},{"id":"8481ded3-de04-4c8e-8bf7-31dc5bd70096","block_type":"box","text":"Managed","page_number":25,"box":{"x":698,"y":119,"width":57,"height":8}},{"id":"5f2e479f-2b5c-420a-b7ea-528140a4bda3","block_type":"box","text":"Equity","page_number":25,"box":{"x":816,"y":107,"width":40,"height":9}},{"id":"6ed06468-b6fc-4c69-ad69-00bbaeda5539","block_type":"box","text":"Managed","page_number":25,"box":{"x":799,"y":119,"width":57,"height":8}},{"id":"b9bd09fe-e227-4871-b026-b9b00a109e06","block_type":"box","text":"Growth","page_number":25,"box":{"x":911,"y":107,"width":45,"height":7}},{"id":"8983f1c8-24e3-495a-a09b-13cc1494aabc","block_type":"box","text":"Managed","page_number":25,"box":{"x":900,"y":119,"width":56,"height":8}},{"id":"4246edac-1e57-4212-9442-dd19f2d025e5","block_type":"box","text":"Launch Date","page_number":25,"box":{"x":43,"y":146,"width":99,"height":8}},{"id":"f57b8e23-0559-4f0a-85ed-54f8d1ddd03d","block_type":"box","text":"29 Apr 25","page_number":25,"box":{"x":583,"y":146,"width":71,"height":11}},{"id":"06014590-ddae-45a5-9745-af6b961e37c8","block_type":"box","text":"29 Apr 25","page_number":25,"box":{"x":684,"y":146,"width":71,"height":11}},{"id":"778b534a-8fda-4ad5-ae30-05778dc4f88f","block_type":"box","text":"29 Apr 25","page_number":25,"box":{"x":785,"y":146,"width":71,"height":11}},{"id":"be5e3def-643d-4138-a595-2492cc1b0723","block_type":"box","text":"29 Apr 25","page_number":25,"box":{"x":886,"y":146,"width":71,"height":11}},{"id":"2739d673-0d78-4a42-abd8-b7c03ddfd7e3","block_type":"box","text":"Annual Charges","page_number":25,"box":{"x":42,"y":173,"width":128,"height":11}},{"id":"125ad2cd-f8dd-40ec-9f15-c4ba127c50a6","block_type":"box","text":"per share class","page_number":25,"box":{"x":43,"y":187,"width":120,"height":11}},{"id":"838848a1-475e-47e2-b71d-5dcdd5b8b90d","block_type":"box","text":"Investment Manager’s","page_number":25,"box":{"x":43,"y":215,"width":180,"height":11}},{"id":"dc1ddaef-2fda-4d98-851d-ff84483b25ce","block_type":"box","text":"Charge:","page_number":25,"box":{"x":43,"y":229,"width":61,"height":11}},{"id":"4123ff0e-ea17-463e-adcd-ea15b5f22217","block_type":"box","text":"I Class","page_number":25,"box":{"x":504,"y":229,"width":49,"height":8}},{"id":"82d9e98f-51b6-44cd-b439-8c2ab3d429c0","block_type":"box","text":"0.40%","page_number":25,"box":{"x":608,"y":229,"width":46,"height":9}},{"id":"41137493-e9e2-45b4-b711-acf435c25be8","block_type":"box","text":"0.40%","page_number":25,"box":{"x":709,"y":229,"width":46,"height":9}},{"id":"139890e2-2136-480c-a88d-8f0ad8854689","block_type":"box","text":"0.40%","page_number":25,"box":{"x":809,"y":229,"width":46,"height":9}},{"id":"996c49cc-11ae-4ac0-877a-9a6e105f794d","block_type":"box","text":"0.40%","page_number":25,"box":{"x":910,"y":229,"width":46,"height":9}},{"id":"d355db36-f143-41e8-b33b-8c60821a2524","block_type":"box","text":"M Class","page_number":25,"box":{"x":495,"y":242,"width":58,"height":9}},{"id":"b36f72a4-8af4-49eb-ac32-dc2fea647664","block_type":"box","text":"0.55%","page_number":25,"box":{"x":608,"y":242,"width":46,"height":9}},{"id":"9149a950-ca65-486b-a945-78381746ec81","block_type":"box","text":"0.55%","page_number":25,"box":{"x":709,"y":242,"width":46,"height":9}},{"id":"f1e02eb6-90f3-4a11-bf10-1b90184318de","block_type":"box","text":"0.55%","page_number":25,"box":{"x":809,"y":242,"width":46,"height":9}},{"id":"cf3f0484-5780-4b94-8476-68b455ad42c1","block_type":"box","text":"0.55%","page_number":25,"box":{"x":910,"y":242,"width":46,"height":9}},{"id":"86914605-0f64-4fb1-b6ba-b87132f8faa9","block_type":"box","text":"P Class","page_number":25,"box":{"x":498,"y":256,"width":55,"height":9}},{"id":"65303e0c-7eba-4c5c-b983-fd55ec96d75f","block_type":"box","text":"0.75%","page_number":25,"box":{"x":608,"y":256,"width":46,"height":9}},{"id":"1ca1d68f-9518-478a-827c-83638f751229","block_type":"box","text":"0.75%","page_number":25,"box":{"x":709,"y":256,"width":46,"height":9}},{"id":"170d31ca-905e-4df9-b333-7f04be710fad","block_type":"box","text":"0.75%","page_number":25,"box":{"x":809,"y":256,"width":46,"height":9}},{"id":"ab9a7378-26f7-457f-831a-14f29083875e","block_type":"box","text":"0.75%","page_number":25,"box":{"x":910,"y":256,"width":46,"height":9}},{"id":"e33c4902-14ec-497f-a975-e2d7bc520c7b","block_type":"box","text":"R Class","page_number":25,"box":{"x":497,"y":270,"width":56,"height":9}},{"id":"2afd399c-de99-4a31-8a07-7dd88f75e009","block_type":"box","text":"0.30%","page_number":25,"box":{"x":608,"y":270,"width":46,"height":9}},{"id":"66854001-1507-4cdb-ac42-fe46e6ff0a43","block_type":"box","text":"0.30%","page_number":25,"box":{"x":709,"y":270,"width":46,"height":9}},{"id":"b6fd2c2e-a561-491c-88ea-9491fddd9e3a","block_type":"box","text":"0.30%","page_number":25,"box":{"x":809,"y":270,"width":46,"height":9}},{"id":"0b274348-61b2-47be-a943-1d1bbdff5c27","block_type":"box","text":"0.30%","page_number":25,"box":{"x":910,"y":270,"width":46,"height":9}},{"id":"1a785091-2d73-4089-8838-e48c91371f78","block_type":"box","text":"Z Class","page_number":25,"box":{"x":498,"y":284,"width":55,"height":9}},{"id":"dcaf3386-2007-4429-950f-2d68a0858e57","block_type":"box","text":"0.00%","page_number":25,"box":{"x":608,"y":284,"width":46,"height":9}},{"id":"ab4e1f15-0514-4119-ae0f-d6ae970ee9a6","block_type":"box","text":"0.00%","page_number":25,"box":{"x":709,"y":284,"width":46,"height":9}},{"id":"3d42feb9-2da4-4d22-8f9b-29edf20dc2af","block_type":"box","text":"0.00%","page_number":25,"box":{"x":809,"y":284,"width":46,"height":9}},{"id":"f8aab520-fc64-4288-bf37-c39d9ac6a73d","block_type":"box","text":"0.00%","page_number":25,"box":{"x":910,"y":284,"width":46,"height":9}},{"id":"58c63197-693f-4c05-84a2-224a6b222c6f","block_type":"box","text":"M USD Class","page_number":25,"box":{"x":455,"y":298,"width":98,"height":8}},{"id":"d31f9ecf-d84c-4c77-a502-cc917e021c4e","block_type":"box","text":"0.55%","page_number":25,"box":{"x":608,"y":297,"width":46,"height":10}},{"id":"b98ab00d-ff0b-4d42-a0e6-f19510e75052","block_type":"box","text":"0.55%","page_number":25,"box":{"x":709,"y":297,"width":46,"height":10}},{"id":"70c7eb45-9cd9-4b0c-96d7-21d920e4cd1a","block_type":"box","text":"0.55%","page_number":25,"box":{"x":809,"y":297,"width":46,"height":10}},{"id":"927b3d5e-48cc-446c-ae63-6f3fe3768f17","block_type":"box","text":"0.55%","page_number":25,"box":{"x":910,"y":297,"width":46,"height":10}},{"id":"f30f66d6-6d0f-46df-bc8b-c29d40b2e568","block_type":"box","text":"Fixed Rate Operating","page_number":25,"box":{"x":43,"y":331,"width":167,"height":11}},{"id":"50131d74-126c-4d7f-b3f2-db578840bff7","block_type":"box","text":"Charge (FOC) (annual)","page_number":25,"box":{"x":43,"y":345,"width":177,"height":11}},{"id":"b2d1c4e5-e644-4e35-a6b8-7152da0e6ef7","block_type":"box","text":"FOC Tier 1 (£0-£300m sub-fund","page_number":25,"box":{"x":43,"y":372,"width":251,"height":11}},{"id":"54d49f8f-4abd-4b65-a4a3-2e1d13f85ba3","block_type":"box","text":"Net Asset Value)","page_number":25,"box":{"x":43,"y":387,"width":129,"height":11}},{"id":"10493228-a122-48eb-8297-cd1c791c7c01","block_type":"box","text":"I Class","page_number":25,"box":{"x":504,"y":387,"width":49,"height":8}},{"id":"8ec8fffa-ddd4-4f8e-ad8d-ad13efcfc8b5","block_type":"box","text":"0.15%","page_number":25,"box":{"x":608,"y":386,"width":46,"height":10}},{"id":"1280f9c0-285b-4913-9260-0196b1bb6e7a","block_type":"box","text":"0.15%","page_number":25,"box":{"x":709,"y":386,"width":46,"height":10}},{"id":"9174d76e-146b-4ca2-8496-0c83c2ff8691","block_type":"box","text":"0.15%","page_number":25,"box":{"x":809,"y":386,"width":46,"height":10}},{"id":"5f76b582-8362-48a2-aa0a-59a49371443c","block_type":"box","text":"0.15%","page_number":25,"box":{"x":910,"y":386,"width":46,"height":10}},{"id":"de614028-b295-4cf6-980b-0acf0d874d5c","block_type":"box","text":"M Class","page_number":25,"box":{"x":495,"y":400,"width":58,"height":9}},{"id":"5636b09e-06da-4794-92ea-117ff6d4591d","block_type":"box","text":"0.15%","page_number":25,"box":{"x":608,"y":400,"width":46,"height":9}},{"id":"da708831-d356-415a-9580-65c4ae426c5d","block_type":"box","text":"0.15%","page_number":25,"box":{"x":709,"y":400,"width":46,"height":9}},{"id":"9effcfc3-1417-497f-92f8-27e2120dc027","block_type":"box","text":"0.15%","page_number":25,"box":{"x":809,"y":400,"width":46,"height":9}},{"id":"b90b0a0c-e9e8-47dc-99cb-62c0933f5e6d","block_type":"box","text":"0.15%","page_number":25,"box":{"x":910,"y":400,"width":46,"height":9}},{"id":"d5c47e9d-c480-468a-95b5-d451a4be1cae","block_type":"box","text":"P Class","page_number":25,"box":{"x":498,"y":414,"width":55,"height":9}},{"id":"1755e94e-057e-447d-8096-d60bff2315ce","block_type":"box","text":"0.21%","page_number":25,"box":{"x":608,"y":414,"width":46,"height":9}},{"id":"dc56d14d-911c-40d7-b41a-eaa068e3e42e","block_type":"box","text":"0.21%","page_number":25,"box":{"x":709,"y":414,"width":46,"height":9}},{"id":"f34fcd79-8e58-4ac1-8f29-f1a73e09314d","block_type":"box","text":"0.21%","page_number":25,"box":{"x":809,"y":414,"width":46,"height":9}},{"id":"614f6bfb-9f98-4dfd-90e3-fd7c0386d261","block_type":"box","text":"0.21%","page_number":25,"box":{"x":910,"y":414,"width":46,"height":9}},{"id":"e5b1f837-b5b3-4ab9-8810-dd70376e3874","block_type":"box","text":"R Class","page_number":25,"box":{"x":497,"y":428,"width":56,"height":9}},{"id":"73c1db58-bc87-49b3-9f1c-b0402ff498de","block_type":"box","text":"0.15%","page_number":25,"box":{"x":608,"y":428,"width":46,"height":9}},{"id":"d2c17880-7138-4c56-b691-848f9cbcf6ff","block_type":"box","text":"0.15%","page_number":25,"box":{"x":709,"y":428,"width":46,"height":9}},{"id":"4f8b227a-89c4-49cc-87d9-da17bce477e8","block_type":"box","text":"0.15%","page_number":25,"box":{"x":809,"y":428,"width":46,"height":9}},{"id":"0734b3cb-5147-4505-803b-90ebf27c4d1f","block_type":"box","text":"0.15%","page_number":25,"box":{"x":910,"y":428,"width":46,"height":9}},{"id":"6ced8337-c449-47ba-b471-8684e84abbc7","block_type":"box","text":"Z Class","page_number":25,"box":{"x":498,"y":442,"width":55,"height":9}},{"id":"d66660d1-8c2b-4263-8c6e-17d6c9980005","block_type":"box","text":"0.18%","page_number":25,"box":{"x":608,"y":442,"width":46,"height":9}},{"id":"1cd817c0-d94e-452b-8dca-6ea104750c3b","block_type":"box","text":"0.18%","page_number":25,"box":{"x":709,"y":442,"width":46,"height":9}},{"id":"92a66988-559f-4ff9-b030-f8640fd75342","block_type":"box","text":"0.18%","page_number":25,"box":{"x":809,"y":442,"width":46,"height":9}},{"id":"d6b0a8fb-6d60-4a57-a183-75e265cbd78e","block_type":"box","text":"0.18%","page_number":25,"box":{"x":910,"y":442,"width":46,"height":9}},{"id":"f3749f72-e087-49cb-b6fd-df5add75b775","block_type":"box","text":"M USD Class","page_number":25,"box":{"x":455,"y":456,"width":98,"height":8}},{"id":"577edb0f-4671-49d4-a7bc-762741aef2ac","block_type":"box","text":"0.15%","page_number":25,"box":{"x":608,"y":455,"width":46,"height":9}},{"id":"4f81a988-d294-4e2e-b744-0d0d44cfd3c9","block_type":"box","text":"0.15%","page_number":25,"box":{"x":709,"y":455,"width":46,"height":9}},{"id":"239677a5-f9d5-464f-88b5-34d8ff880b63","block_type":"box","text":"0.15%","page_number":25,"box":{"x":809,"y":455,"width":46,"height":9}},{"id":"6cfced5b-77f3-421d-ac71-7736a5a12c76","block_type":"box","text":"0.15%","page_number":25,"box":{"x":910,"y":455,"width":46,"height":9}},{"id":"b8405877-ac00-4f90-a730-36c7918508c1","block_type":"box","text":"FOC Tier 2 (£300-£600m sub-fund","page_number":25,"box":{"x":43,"y":495,"width":270,"height":11}},{"id":"a98c9a12-915a-4345-8156-36f350d02369","block_type":"box","text":"Net Asset Value)","page_number":25,"box":{"x":43,"y":509,"width":129,"height":11}},{"id":"2b48ec7e-6c09-4843-9182-22ad7f952bb0","block_type":"box","text":"I Class","page_number":25,"box":{"x":504,"y":509,"width":49,"height":9}},{"id":"ad0af53d-1cc6-4ea9-9618-807e585502c6","block_type":"box","text":"0.10%","page_number":25,"box":{"x":608,"y":509,"width":46,"height":9}},{"id":"ee460c35-6271-42ff-a0e8-af9bad3475ed","block_type":"box","text":"0.10%","page_number":25,"box":{"x":709,"y":509,"width":46,"height":9}},{"id":"86866487-28af-4e82-82bc-21991e62c7df","block_type":"box","text":"0.10%","page_number":25,"box":{"x":809,"y":509,"width":46,"height":9}},{"id":"9425a5c7-d3a7-4423-a71a-1f7f04707515","block_type":"box","text":"0.10%","page_number":25,"box":{"x":910,"y":509,"width":46,"height":9}},{"id":"d6fb0e46-77b9-498e-9221-d2114ddaff09","block_type":"box","text":"M Class","page_number":25,"box":{"x":495,"y":523,"width":58,"height":9}},{"id":"33e88c89-7e73-40cd-8664-61b81072b8c8","block_type":"box","text":"0.10%","page_number":25,"box":{"x":608,"y":523,"width":46,"height":9}},{"id":"a2bf222b-4b92-4073-ae9a-e36db68ad89c","block_type":"box","text":"0.10%","page_number":25,"box":{"x":709,"y":523,"width":46,"height":9}},{"id":"1a7cfd17-7098-4482-90f8-cad8c4d2d670","block_type":"box","text":"0.10%","page_number":25,"box":{"x":809,"y":523,"width":46,"height":9}},{"id":"9c6433cc-1011-4dd0-9097-ce781f797cdc","block_type":"box","text":"0.10%","page_number":25,"box":{"x":910,"y":523,"width":46,"height":9}},{"id":"01c617b4-bcc4-4f66-9e1c-ccd6ecc41164","block_type":"box","text":"P Class","page_number":25,"box":{"x":498,"y":537,"width":55,"height":8}},{"id":"070eca40-a8d5-4ab6-89ce-121b24f2e947","block_type":"box","text":"0.16%","page_number":25,"box":{"x":608,"y":536,"width":46,"height":10}},{"id":"3abbce29-9fca-438f-bbb6-59ec9ec9b9a0","block_type":"box","text":"0.16%","page_number":25,"box":{"x":709,"y":536,"width":46,"height":10}},{"id":"9e40a942-09a1-4ed4-9319-57c92a5dd9ce","block_type":"box","text":"0.16%","page_number":25,"box":{"x":809,"y":536,"width":46,"height":10}},{"id":"6215b10d-d532-42eb-a7e7-ba0ba8d7e9ac","block_type":"box","text":"0.16%","page_number":25,"box":{"x":910,"y":536,"width":46,"height":10}},{"id":"97188220-e67c-40af-b7af-08eff8cd0c69","block_type":"box","text":"R Class","page_number":25,"box":{"x":497,"y":550,"width":56,"height":9}},{"id":"4edb3042-2040-45fc-a74e-7fcabdb0487f","block_type":"box","text":"0.10%","page_number":25,"box":{"x":608,"y":550,"width":46,"height":9}},{"id":"5aaf1d50-77a6-4d07-b137-9ced9889a5e9","block_type":"box","text":"0.10%","page_number":25,"box":{"x":709,"y":550,"width":46,"height":9}},{"id":"d00e192e-b6e3-4aba-beb1-bb93a79798e4","block_type":"box","text":"0.10%","page_number":25,"box":{"x":809,"y":550,"width":46,"height":9}},{"id":"1b42048c-e2ff-47e5-9380-5ffc41937411","block_type":"box","text":"0.10%","page_number":25,"box":{"x":910,"y":550,"width":46,"height":9}},{"id":"d6a5435c-f50d-4961-aa88-0f0918f29199","block_type":"box","text":"Z Class","page_number":25,"box":{"x":498,"y":564,"width":55,"height":9}},{"id":"a80821a2-7bb1-4f3f-970d-0e87d121571b","block_type":"box","text":"0.18%","page_number":25,"box":{"x":608,"y":564,"width":46,"height":9}},{"id":"2627a586-0314-40a9-a0b8-2c36c39b09a7","block_type":"box","text":"0.18%","page_number":25,"box":{"x":709,"y":564,"width":46,"height":9}},{"id":"e92afcc8-83ec-4962-9b79-798dbc7d5478","block_type":"box","text":"0.18%","page_number":25,"box":{"x":809,"y":564,"width":46,"height":9}},{"id":"cfb35f95-7093-4577-9312-1586ee6f8552","block_type":"box","text":"0.18%","page_number":25,"box":{"x":910,"y":564,"width":46,"height":9}},{"id":"6dc96e1d-6afb-4a46-a330-1a61e1494c41","block_type":"box","text":"M USD Class","page_number":25,"box":{"x":455,"y":578,"width":98,"height":9}},{"id":"abfbd301-eb78-4971-ab99-97544d461946","block_type":"box","text":"0.10%","page_number":25,"box":{"x":608,"y":578,"width":46,"height":9}},{"id":"ce7d8aac-8b9a-444f-9ef6-40af08bf633c","block_type":"box","text":"0.10%","page_number":25,"box":{"x":709,"y":578,"width":46,"height":9}},{"id":"90d5ec38-67f5-4ffb-a631-278e7008eb96","block_type":"box","text":"0.10%","page_number":25,"box":{"x":809,"y":578,"width":46,"height":9}},{"id":"1d74c2be-2f1a-4a32-a740-12777696e6c8","block_type":"box","text":"0.10%","page_number":25,"box":{"x":910,"y":578,"width":46,"height":9}},{"id":"839a5571-8e39-4035-880f-f56216755e73","block_type":"box","text":"FOC Tier 3 (£600+ sub-fund","page_number":25,"box":{"x":43,"y":611,"width":222,"height":11}},{"id":"6fd267aa-32e4-4332-9694-d10db7a4c2cf","block_type":"box","text":"Net Asset Value)","page_number":25,"box":{"x":43,"y":625,"width":129,"height":12}},{"id":"1f6d3185-df93-4390-93ab-cb23954b0f38","block_type":"box","text":"I Class","page_number":25,"box":{"x":504,"y":625,"width":49,"height":9}},{"id":"05ba65d7-e149-4b40-8bad-85063da4e674","block_type":"box","text":"0.05%","page_number":25,"box":{"x":608,"y":625,"width":46,"height":9}},{"id":"a24fb6a2-fb00-4430-8933-847aab879f9c","block_type":"box","text":"0.05%","page_number":25,"box":{"x":709,"y":625,"width":46,"height":9}},{"id":"fa0f4112-eb98-4522-a710-97d25e14f78d","block_type":"box","text":"0.05%","page_number":25,"box":{"x":809,"y":625,"width":46,"height":9}},{"id":"efccee24-b059-4b1a-802b-7e1c7f10ec0b","block_type":"box","text":"0.05%","page_number":25,"box":{"x":910,"y":625,"width":46,"height":9}},{"id":"53546a47-4379-4ae6-91bf-1d215c4da922","block_type":"box","text":"M Class","page_number":25,"box":{"x":495,"y":639,"width":58,"height":9}},{"id":"60927243-80bf-4300-bd46-afe301dede96","block_type":"box","text":"0.05%","page_number":25,"box":{"x":608,"y":639,"width":46,"height":9}},{"id":"5fd13ad8-06b6-420c-8a53-85d3d53b2483","block_type":"box","text":"0.05%","page_number":25,"box":{"x":709,"y":639,"width":46,"height":9}},{"id":"01c265e2-e9d3-4200-bf50-e370b347672e","block_type":"box","text":"0.05%","page_number":25,"box":{"x":809,"y":639,"width":46,"height":9}},{"id":"a4a1e4f4-6532-41af-a8b3-a3e568646f52","block_type":"box","text":"0.05%","page_number":25,"box":{"x":910,"y":639,"width":46,"height":9}},{"id":"c15248e3-a057-435b-8dfd-271071b804bd","block_type":"box","text":"P Class","page_number":25,"box":{"x":498,"y":653,"width":55,"height":9}},{"id":"7f850a4f-0230-4a11-ae97-60ad1a4f8ab3","block_type":"box","text":"0.11%","page_number":25,"box":{"x":609,"y":653,"width":45,"height":9}},{"id":"5abfbd0a-178b-4ec1-9f18-7b4a56bd27e6","block_type":"box","text":"0.11%","page_number":25,"box":{"x":710,"y":653,"width":45,"height":9}},{"id":"c0dde7fb-7193-4f4f-9871-53d6fc013f6f","block_type":"box","text":"0.11%","page_number":25,"box":{"x":811,"y":653,"width":44,"height":9}},{"id":"71cd88da-cc04-48ba-9d5e-ea42d71dd741","block_type":"box","text":"0.11%","page_number":25,"box":{"x":912,"y":653,"width":44,"height":9}},{"id":"bd99c880-5a86-4cd7-97f6-262beb4952cd","block_type":"box","text":"R Class","page_number":25,"box":{"x":497,"y":667,"width":56,"height":9}},{"id":"69a9d408-abe9-47ee-89e8-4e806a930b15","block_type":"box","text":"0.05%","page_number":25,"box":{"x":608,"y":667,"width":46,"height":9}},{"id":"991034ce-7fc4-4a6d-9f08-e7e71d68b882","block_type":"box","text":"0.05%","page_number":25,"box":{"x":709,"y":667,"width":46,"height":9}},{"id":"ba913f1e-f8e3-4f21-a419-2c0d4ac1be37","block_type":"box","text":"0.05%","page_number":25,"box":{"x":809,"y":667,"width":46,"height":9}},{"id":"25fc3c86-339a-4577-a977-d83f09d4a969","block_type":"box","text":"0.05%","page_number":25,"box":{"x":910,"y":667,"width":46,"height":9}},{"id":"7636dbf8-55e8-49ed-a961-8eba81756783","block_type":"box","text":"Z Class","page_number":25,"box":{"x":498,"y":681,"width":55,"height":8}},{"id":"61b1185b-a998-4532-8f2b-bac71b8b3fe9","block_type":"box","text":"0.18%","page_number":25,"box":{"x":608,"y":680,"width":46,"height":10}},{"id":"4a40920d-d63a-4f80-8d84-54c9d817271d","block_type":"box","text":"0.18%","page_number":25,"box":{"x":709,"y":680,"width":46,"height":10}},{"id":"bc8dc96e-08c7-4b8d-9295-81a68e33921a","block_type":"box","text":"0.18%","page_number":25,"box":{"x":809,"y":680,"width":46,"height":10}},{"id":"ca6c04c0-86f9-41c2-bd03-8ae035db6068","block_type":"box","text":"0.18%","page_number":25,"box":{"x":910,"y":680,"width":46,"height":10}},{"id":"aa56d418-9742-4c79-ae81-9f742c916c34","block_type":"box","text":"M USD Class","page_number":25,"box":{"x":455,"y":694,"width":98,"height":9}},{"id":"3f220cd2-4dbe-4b92-848f-f2f7b0c9e523","block_type":"box","text":"0.05%","page_number":25,"box":{"x":608,"y":694,"width":46,"height":9}},{"id":"f02b1c7c-651a-4f0d-b9b3-f7c5e475a476","block_type":"box","text":"0.05%","page_number":25,"box":{"x":709,"y":694,"width":46,"height":9}},{"id":"90ab7771-d5d7-4251-9cbd-e2e13ee9cf71","block_type":"box","text":"0.05%","page_number":25,"box":{"x":809,"y":694,"width":46,"height":9}},{"id":"ebd9ec7f-38c3-4bea-9259-72ec4c4dde69","block_type":"box","text":"0.05%","page_number":25,"box":{"x":910,"y":694,"width":46,"height":9}},{"id":"8f219d13-1fda-44c0-a3e5-f92444677490","block_type":"box","text":"25","page_number":26,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"125eb7dd-0425-472c-805f-e60b08b2f397","block_type":"box","text":"SARASIN Funds ICVC","page_number":26,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"399f54cc-fd71-42bc-afb9-3f322af9a675","block_type":"box","text":"Fund Details (continued)","page_number":26,"box":{"x":43,"y":79,"width":234,"height":14}},{"id":"52ca6171-4782-404a-ae7b-6dd20a74fe50","block_type":"box","text":"Balanced","page_number":26,"box":{"x":596,"y":107,"width":58,"height":7}},{"id":"0d6e518b-df24-43ec-b070-876bc009e6cc","block_type":"box","text":"Managed","page_number":26,"box":{"x":598,"y":119,"width":56,"height":8}},{"id":"910a32a0-71a8-4e96-8c8b-255e35e54acd","block_type":"box","text":"Cautious","page_number":26,"box":{"x":699,"y":107,"width":56,"height":7}},{"id":"de0b503e-a77d-4620-bb47-de3243a69efc","block_type":"box","text":"Managed","page_number":26,"box":{"x":698,"y":119,"width":57,"height":8}},{"id":"86792541-68ae-4682-9cec-64582201f5e2","block_type":"box","text":"Equity","page_number":26,"box":{"x":816,"y":107,"width":40,"height":9}},{"id":"e1c69848-dc93-471f-9781-c9b084815368","block_type":"box","text":"Managed","page_number":26,"box":{"x":799,"y":119,"width":57,"height":8}},{"id":"cf7c0852-e0ce-4980-957b-8d531cd6c7d4","block_type":"box","text":"Growth","page_number":26,"box":{"x":911,"y":107,"width":45,"height":7}},{"id":"bdb3790a-efaa-4806-85de-c3389026d7f9","block_type":"box","text":"Managed","page_number":26,"box":{"x":900,"y":119,"width":56,"height":8}},{"id":"4be6e9ca-cf39-4beb-963e-f98b84ac3791","block_type":"box","text":"Share Types","page_number":26,"box":{"x":42,"y":146,"width":98,"height":11}},{"id":"880fe196-8c56-4e7a-99ee-07f3adf42385","block_type":"box","text":"Inc and Acc","page_number":26,"box":{"x":570,"y":146,"width":85,"height":8}},{"id":"8959d6fa-4769-4050-a868-6486cf7cf235","block_type":"box","text":"Inc and Acc","page_number":26,"box":{"x":670,"y":146,"width":85,"height":8}},{"id":"c6b61b98-0b50-4c8c-b209-3d09bb86b907","block_type":"box","text":"Inc and Acc","page_number":26,"box":{"x":771,"y":146,"width":85,"height":8}},{"id":"49f6fe2d-9cec-4a25-9ce3-ad8705048cd4","block_type":"box","text":"Inc and Acc","page_number":26,"box":{"x":872,"y":146,"width":85,"height":8}},{"id":"cc20951f-ff96-4bd2-b23d-45aabe20491b","block_type":"box","text":"Minimum Initial","page_number":26,"box":{"x":43,"y":173,"width":120,"height":9}},{"id":"3cd4f851-31df-4f08-82ea-6f7615262347","block_type":"box","text":"Investment","page_number":26,"box":{"x":43,"y":187,"width":87,"height":9}},{"id":"f09672db-6637-4284-a300-11b46680977d","block_type":"box","text":"I Class","page_number":26,"box":{"x":504,"y":187,"width":49,"height":9}},{"id":"b87fd7df-fcce-494c-a4d3-97067395e5cb","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":571,"y":187,"width":83,"height":11}},{"id":"30e0981c-f9f4-4191-8a36-899e84cdd137","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":672,"y":187,"width":83,"height":11}},{"id":"9f9f3cec-7ca4-4fe1-bef4-1233ed2e1098","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":773,"y":187,"width":83,"height":11}},{"id":"1f94f510-236d-486d-a12b-abf7ad3f2ebe","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":873,"y":187,"width":83,"height":11}},{"id":"d5c4d9bb-69b0-4979-b784-a8970567a52e","block_type":"box","text":"M Class","page_number":26,"box":{"x":495,"y":201,"width":58,"height":9}},{"id":"dd504a9f-bffd-4cf0-b1d5-46ef5a0c0205","block_type":"box","text":"£10,000,000","page_number":26,"box":{"x":562,"y":201,"width":92,"height":10}},{"id":"bbcee123-dbe2-4f42-8d74-80a3da18e5b9","block_type":"box","text":"£10,000,000","page_number":26,"box":{"x":662,"y":201,"width":93,"height":10}},{"id":"61e2552e-2187-4339-9cac-179b7b406ad7","block_type":"box","text":"£10,000,000","page_number":26,"box":{"x":763,"y":201,"width":93,"height":10}},{"id":"9652a50d-fda4-4155-9455-d7b7c09967a6","block_type":"box","text":"£10,000,000","page_number":26,"box":{"x":864,"y":201,"width":92,"height":10}},{"id":"ad9f029b-11a2-4b4a-8fe4-8ccef106c2f0","block_type":"box","text":"P Class","page_number":26,"box":{"x":498,"y":215,"width":55,"height":9}},{"id":"a09a0a5f-74ea-4ab8-8c8d-e561c73c9f8b","block_type":"box","text":"£1,000","page_number":26,"box":{"x":604,"y":215,"width":50,"height":10}},{"id":"22704985-e0eb-4cfb-9a37-832c661cd03a","block_type":"box","text":"£1,000","page_number":26,"box":{"x":704,"y":215,"width":51,"height":10}},{"id":"e8d60935-7636-4eec-b9fe-4bad6648c192","block_type":"box","text":"£1,000","page_number":26,"box":{"x":805,"y":215,"width":51,"height":10}},{"id":"28dcd6f5-230e-49db-9f48-f0f1aba449cb","block_type":"box","text":"£1,000","page_number":26,"box":{"x":906,"y":215,"width":50,"height":10}},{"id":"499972a6-12b6-4b7f-8e77-205c2097ec23","block_type":"box","text":"R Class","page_number":26,"box":{"x":497,"y":229,"width":56,"height":8}},{"id":"7207d929-e3fb-4300-b70c-6a97848a8c11","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":571,"y":228,"width":83,"height":11}},{"id":"4cf07243-3787-4eaf-b467-5203ea663351","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":672,"y":228,"width":83,"height":11}},{"id":"4290a596-40c6-4c5a-9180-6c0c8f72f17d","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":773,"y":228,"width":83,"height":11}},{"id":"23d0ac3a-13ab-47ee-b906-27fb470debe0","block_type":"box","text":"£1,000,000","page_number":26,"box":{"x":873,"y":228,"width":83,"height":11}},{"id":"5609450b-83ae-49b2-ae6c-88683523d78e","block_type":"box","text":"Z Class","page_number":26,"box":{"x":498,"y":242,"width":55,"height":9}},{"id":"0164bddc-4117-4c88-b884-e99924800e55","block_type":"box","text":"£1,000","page_number":26,"box":{"x":604,"y":242,"width":50,"height":11}},{"id":"cdf876c9-47ec-4ff7-b4fb-c4b5924d16a0","block_type":"box","text":"£1,000","page_number":26,"box":{"x":704,"y":242,"width":51,"height":11}},{"id":"f24e16f9-9976-4ee6-b1ff-3e503fa39778","block_type":"box","text":"£1,000","page_number":26,"box":{"x":805,"y":242,"width":51,"height":11}},{"id":"05919081-6b79-405a-86cc-56180a980b38","block_type":"box","text":"£1,000","page_number":26,"box":{"x":906,"y":242,"width":50,"height":11}},{"id":"30c5db41-4bbf-4dee-818e-790dc6a2d2f5","block_type":"box","text":"M USD Class","page_number":26,"box":{"x":455,"y":256,"width":98,"height":9}},{"id":"43405318-c81e-4bfe-ad9d-a04a9d04adf0","block_type":"box","text":"$1,000,000","page_number":26,"box":{"x":571,"y":255,"width":83,"height":11}},{"id":"2014e33f-ecdc-4bd8-9d72-891c0e8dc009","block_type":"box","text":"$1,000,000","page_number":26,"box":{"x":672,"y":255,"width":83,"height":11}},{"id":"c35b6def-2398-465f-90cf-6ecda6543460","block_type":"box","text":"$1,000,000","page_number":26,"box":{"x":773,"y":255,"width":83,"height":11}},{"id":"c1a50c30-775e-4a2f-97b9-0793e3f628da","block_type":"box","text":"$1,000,000","page_number":26,"box":{"x":874,"y":255,"width":82,"height":11}},{"id":"046824ec-3ae0-47f8-b01f-343b71178169","block_type":"box","text":"Balanced","page_number":26,"box":{"x":596,"y":283,"width":58,"height":7}},{"id":"eadd365e-f8bd-442e-a098-aa9e32c4163b","block_type":"box","text":"Managed","page_number":26,"box":{"x":598,"y":294,"width":56,"height":9}},{"id":"c597f6aa-86bf-49f0-91d8-8e255a6bce87","block_type":"box","text":"Cautious","page_number":26,"box":{"x":699,"y":283,"width":56,"height":7}},{"id":"21530f17-fc3b-42b0-9251-bce66ff009a8","block_type":"box","text":"Managed","page_number":26,"box":{"x":698,"y":294,"width":57,"height":9}},{"id":"e8c46684-562c-4cef-a0ed-73bbe870120f","block_type":"box","text":"Equity","page_number":26,"box":{"x":816,"y":283,"width":40,"height":9}},{"id":"30bc4241-72e6-4f20-b042-b8d89b5679d1","block_type":"box","text":"Managed","page_number":26,"box":{"x":799,"y":294,"width":57,"height":9}},{"id":"e9c710bf-dc33-47de-86b6-73d914e7f75c","block_type":"box","text":"Growth","page_number":26,"box":{"x":911,"y":283,"width":45,"height":7}},{"id":"3bf99d81-10ae-43fd-a79e-46889d4e2503","block_type":"box","text":"Managed","page_number":26,"box":{"x":900,"y":294,"width":56,"height":9}},{"id":"fd9a3d4a-5545-4e12-b1dd-cd8450d16477","block_type":"box","text":"Minimum Monthly","page_number":26,"box":{"x":43,"y":322,"width":141,"height":11}},{"id":"f76fce98-13d6-4307-bff0-a574e2b94dfe","block_type":"box","text":"Savings Plan","page_number":26,"box":{"x":42,"y":336,"width":103,"height":11}},{"id":"67f92a77-c0df-4b2a-a6a6-54ac45c73149","block_type":"box","text":"I Class","page_number":26,"box":{"x":504,"y":336,"width":49,"height":8}},{"id":"4f7f6664-30e1-4142-b7f7-599db25ae673","block_type":"box","text":"N/A","page_number":26,"box":{"x":629,"y":336,"width":27,"height":8}},{"id":"ca71fbe7-82bd-48a8-b6ee-6d8d3500f4f8","block_type":"box","text":"N/A","page_number":26,"box":{"x":730,"y":336,"width":27,"height":8}},{"id":"6331d6b3-ff5f-49db-9451-5e90ed0090d0","block_type":"box","text":"N/A","page_number":26,"box":{"x":831,"y":336,"width":26,"height":8}},{"id":"82f7de12-c784-4a7e-8fb5-349b45c0129c","block_type":"box","text":"N/A","page_number":26,"box":{"x":931,"y":336,"width":27,"height":8}},{"id":"b5c9d02a-58b0-40a8-a4a7-d3938bf3317e","block_type":"box","text":"M Class","page_number":26,"box":{"x":495,"y":349,"width":58,"height":9}},{"id":"e5dab3bf-e321-4b8c-a25c-bfe776e359b4","block_type":"box","text":"N/A","page_number":26,"box":{"x":629,"y":349,"width":27,"height":9}},{"id":"16768c53-1108-4399-952e-6d68f59568b8","block_type":"box","text":"N/A","page_number":26,"box":{"x":730,"y":349,"width":27,"height":9}},{"id":"13972b7e-d983-43ee-ab8e-3825d2a3622f","block_type":"box","text":"N/A","page_number":26,"box":{"x":831,"y":349,"width":26,"height":9}},{"id":"4250325a-c0a7-4d44-aace-d43aff778fcc","block_type":"box","text":"N/A","page_number":26,"box":{"x":931,"y":349,"width":27,"height":9}},{"id":"5dfc188b-27af-4d6c-a9b0-8ce9c1cff9dc","block_type":"box","text":"P Class","page_number":26,"box":{"x":498,"y":363,"width":55,"height":9}},{"id":"198cfe8a-c331-4f10-b866-f7eb73d8e0b7","block_type":"box","text":"N/A","page_number":26,"box":{"x":629,"y":363,"width":27,"height":9}},{"id":"f56fb41c-7f8e-4c51-8ba5-9951a594765e","block_type":"box","text":"N/A","page_number":26,"box":{"x":730,"y":363,"width":27,"height":9}},{"id":"50bbca1b-923e-4daf-af20-308c00811208","block_type":"box","text":"N/A","page_number":26,"box":{"x":831,"y":363,"width":26,"height":9}},{"id":"bf289a38-6361-497a-b34d-d2ebb480e5b0","block_type":"box","text":"N/A","page_number":26,"box":{"x":931,"y":363,"width":27,"height":9}},{"id":"59dc6c72-1c32-4731-bfbc-f6424a6a0534","block_type":"box","text":"R Class","page_number":26,"box":{"x":497,"y":377,"width":56,"height":9}},{"id":"f1c637dc-f608-495a-8b3f-8525116c496b","block_type":"box","text":"N/A","page_number":26,"box":{"x":629,"y":377,"width":27,"height":9}},{"id":"76e35750-6271-4f6d-96da-374c41f04da2","block_type":"box","text":"N/A","page_number":26,"box":{"x":730,"y":377,"width":27,"height":9}},{"id":"9d4efe06-315c-4619-8c41-4930fd4f1a4a","block_type":"box","text":"N/A","page_number":26,"box":{"x":831,"y":377,"width":26,"height":9}},{"id":"00745f92-1381-4b3f-a758-5bf497a0de57","block_type":"box","text":"N/A","page_number":26,"box":{"x":931,"y":377,"width":27,"height":9}},{"id":"802c3e79-3613-4fe8-b262-cb9eab2ff32f","block_type":"box","text":"Z Class","page_number":26,"box":{"x":498,"y":391,"width":55,"height":9}},{"id":"e0992396-a5e9-4451-afbd-087b35ece74e","block_type":"box","text":"N/A","page_number":26,"box":{"x":629,"y":391,"width":27,"height":9}},{"id":"1a309829-6e69-4674-ae43-38ad4e4f15fe","block_type":"box","text":"N/A","page_number":26,"box":{"x":730,"y":391,"width":27,"height":9}},{"id":"c40ecb9a-6ed8-45c2-b9a7-8c1aafd866fc","block_type":"box","text":"N/A","page_number":26,"box":{"x":831,"y":391,"width":26,"height":9}},{"id":"626a080a-5467-40d9-9e18-04c91f10196c","block_type":"box","text":"N/A","page_number":26,"box":{"x":931,"y":391,"width":27,"height":9}},{"id":"968a69e0-7b09-4eb3-87c9-efb340ec0d70","block_type":"box","text":"M USD Class","page_number":26,"box":{"x":455,"y":405,"width":98,"height":8}},{"id":"aa8aa283-7cd7-4f92-b08e-9bb0e2f8465f","block_type":"box","text":"N/A","page_number":26,"box":{"x":629,"y":404,"width":27,"height":9}},{"id":"bbfdc601-ed1d-4471-94db-be398244c945","block_type":"box","text":"N/A","page_number":26,"box":{"x":730,"y":404,"width":27,"height":9}},{"id":"8948f3fa-b234-463c-9e28-aa2e30ab2468","block_type":"box","text":"N/A","page_number":26,"box":{"x":831,"y":404,"width":26,"height":9}},{"id":"4c4efa93-362f-412a-9e1e-ecadbccc629e","block_type":"box","text":"N/A","page_number":26,"box":{"x":931,"y":404,"width":27,"height":9}},{"id":"0a6ef344-c4aa-4934-943c-667461eaf14a","block_type":"box","text":"ISA","page_number":26,"box":{"x":43,"y":432,"width":27,"height":9}},{"id":"ed01055b-6587-444d-952d-a2782262279a","block_type":"box","text":"Yes","page_number":26,"box":{"x":628,"y":432,"width":26,"height":9}},{"id":"a79555da-82d1-4f7c-b729-5f62b84ce63e","block_type":"box","text":"Yes","page_number":26,"box":{"x":728,"y":432,"width":27,"height":9}},{"id":"9beb2cbd-4398-4ea7-81f8-b8b21b1977ef","block_type":"box","text":"Yes","page_number":26,"box":{"x":829,"y":432,"width":27,"height":9}},{"id":"9a5329c2-fcad-4cff-95e8-617a6641b3c2","block_type":"box","text":"Yes","page_number":26,"box":{"x":930,"y":432,"width":27,"height":9}},{"id":"d75e6f9d-cd3f-4a67-892a-35176f881e5b","block_type":"box","text":"Annual Accounts","page_number":26,"box":{"x":42,"y":459,"width":136,"height":9}},{"id":"b8d54f72-74c8-45fe-aa79-c5a22e61f3e6","block_type":"box","text":"31 Dec","page_number":26,"box":{"x":602,"y":459,"width":53,"height":9}},{"id":"f293e1b5-8ed0-4b62-afe4-f8540f253900","block_type":"box","text":"31 Dec","page_number":26,"box":{"x":703,"y":459,"width":52,"height":9}},{"id":"be457157-97c0-441c-b988-fe0604a513cb","block_type":"box","text":"31 Dec","page_number":26,"box":{"x":804,"y":459,"width":52,"height":9}},{"id":"f7fb9ff0-77cc-4b4a-adb4-a937c67125b3","block_type":"box","text":"31 Dec","page_number":26,"box":{"x":905,"y":459,"width":52,"height":9}},{"id":"471a5dd9-8e68-4ca9-9bce-b94c49fbbad4","block_type":"box","text":"Interim Accounts","page_number":26,"box":{"x":43,"y":486,"width":135,"height":9}},{"id":"d22a5dd3-f8b8-4abe-97ef-df5a5044b1f2","block_type":"box","text":"30 Jun","page_number":26,"box":{"x":605,"y":486,"width":49,"height":9}},{"id":"dc8fadb8-cae8-43a3-9d7c-d5baa08241dc","block_type":"box","text":"30 Jun","page_number":26,"box":{"x":706,"y":486,"width":48,"height":9}},{"id":"874afec2-6ff1-4294-8f45-dce2ee492c87","block_type":"box","text":"30 Jun","page_number":26,"box":{"x":807,"y":486,"width":48,"height":9}},{"id":"495f7d36-addf-4699-9b6b-aba704897095","block_type":"box","text":"30 Jun","page_number":26,"box":{"x":907,"y":486,"width":49,"height":9}},{"id":"6e2850f4-8ec6-43e9-acd7-fdf12cd6d554","block_type":"box","text":"Annual Distribution","page_number":26,"box":{"x":42,"y":514,"width":154,"height":8}},{"id":"e7211bc6-f0df-4f85-ae1b-d6260696300a","block_type":"box","text":"28 Feb","page_number":26,"box":{"x":603,"y":514,"width":51,"height":8}},{"id":"314fde4e-35da-4152-bf27-67ab4dbf5ba8","block_type":"box","text":"28 Feb","page_number":26,"box":{"x":704,"y":514,"width":51,"height":8}},{"id":"1753ff25-3d80-4e15-9c7f-1e5731f803d8","block_type":"box","text":"28 Feb","page_number":26,"box":{"x":805,"y":514,"width":51,"height":8}},{"id":"ee5a0b6e-af00-43c6-95b6-eaeddf79122e","block_type":"box","text":"28 Feb","page_number":26,"box":{"x":905,"y":514,"width":51,"height":8}},{"id":"e0694556-1de9-4637-9589-47a2f5048914","block_type":"box","text":"Interim Distribution","page_number":26,"box":{"x":43,"y":541,"width":153,"height":9}},{"id":"06ecca0a-619b-42c7-bed6-cfd7b73453c6","block_type":"box","text":"31 Aug","page_number":26,"box":{"x":603,"y":541,"width":51,"height":11}},{"id":"6e9a1aa8-40d7-4fb4-b6c6-a4368d8267f5","block_type":"box","text":"31 Aug","page_number":26,"box":{"x":704,"y":541,"width":51,"height":11}},{"id":"9f2b0d7b-0d36-44c3-b427-1c2ff370cbb6","block_type":"box","text":"31 Aug","page_number":26,"box":{"x":805,"y":541,"width":50,"height":11}},{"id":"ea1d6d9c-0d93-4c3c-9217-30914ab75648","block_type":"box","text":"31 Aug","page_number":26,"box":{"x":906,"y":541,"width":50,"height":11}},{"id":"bf29a475-47f3-484e-8440-c1ba397c2d46","block_type":"box","text":"26","page_number":27,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"ab0e2301-d23e-4e1c-a620-eab15546be45","block_type":"box","text":"SARASIN Funds ICVC","page_number":27,"box":{"x":43,"y":34,"width":210,"height":10}},{"id":"03100882-b4f2-4266-a217-78a2a72484a5","block_type":"box","text":"Certification of Accounts by Directors","page_number":27,"box":{"x":43,"y":79,"width":360,"height":14}},{"id":"65debdb3-d778-4787-8f26-b1c7eea6d01c","block_type":"box","text":"Having considered relevant factors, the Directors of the","page_number":27,"box":{"x":43,"y":95,"width":449,"height":11}},{"id":"e9b8f402-1521-4564-9b4e-4d9044855b50","block_type":"box","text":"ACD are of the opinion that it is appropriate to continue","page_number":27,"box":{"x":42,"y":109,"width":450,"height":11}},{"id":"95a1ff58-e8e6-459f-9e66-c9f6746bd486","block_type":"box","text":"to adopt the going concern basis in the preparation of the","page_number":27,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"53010e34-2b2d-4334-855a-9cc573de2045","block_type":"box","text":"Financial Statements. The assets of the Company consist","page_number":27,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"9eb0f0c3-f906-4dd1-9d84-7b0b679b8ea0","block_type":"box","text":"predominantly of securities that are readily realisable,","page_number":27,"box":{"x":43,"y":152,"width":449,"height":11}},{"id":"810974b9-b281-45a0-87d8-a53ef08cc0ed","block_type":"box","text":"and accordingly, the Company has adequate resources to","page_number":27,"box":{"x":42,"y":166,"width":450,"height":12}},{"id":"85cf10f8-0bf6-4400-bfba-7f2f8c1a1c3f","block_type":"box","text":"continue in operational existence for the foreseeable future.","page_number":27,"box":{"x":42,"y":181,"width":446,"height":11}},{"id":"92178bc5-3432-4476-864e-e66721b0601d","block_type":"box","text":"In accordance with the requirements of COLL 4.5.8BR, we","page_number":27,"box":{"x":43,"y":206,"width":449,"height":11}},{"id":"3153bff9-f812-48e8-a6a2-fbe58b57d7e6","block_type":"box","text":"hereby certify the Interim Report and Unaudited Financial","page_number":27,"box":{"x":43,"y":220,"width":449,"height":11}},{"id":"e0965746-df10-4477-a276-1847c9595410","block_type":"box","text":"Statements on behalf of the Authorised Corporate Director,","page_number":27,"box":{"x":43,"y":234,"width":449,"height":11}},{"id":"f6777b3e-99be-440f-9788-73c291c3993c","block_type":"box","text":"Sarasin Investment Funds Limited.","page_number":27,"box":{"x":43,"y":248,"width":256,"height":9}},{"id":"ec1e5d1d-c0ec-483f-8d8a-48884c189646","block_type":"box","text":"G. Steinberg","page_number":27,"box":{"x":43,"y":339,"width":92,"height":11}},{"id":"3a71741f-70ec-42c6-82e1-519cb9324ab1","block_type":"box","text":"Director of Sarasin Investment Funds Limited","page_number":27,"box":{"x":43,"y":353,"width":334,"height":9}},{"id":"2e4165c0-0aa8-41e6-be2f-51c5320d64ed","block_type":"box","text":"27 August 2026","page_number":27,"box":{"x":42,"y":367,"width":116,"height":12}},{"id":"aadf4662-50ea-4c03-96eb-4936ba6c5825","block_type":"box","text":"G.V. Matthews","page_number":27,"box":{"x":43,"y":467,"width":107,"height":9}},{"id":"bd7058d5-0f56-4c85-9edd-75fb80465154","block_type":"box","text":"Director of Sarasin Investment Funds Limited","page_number":27,"box":{"x":43,"y":482,"width":334,"height":8}},{"id":"b7fad934-bcb0-4654-84c5-b2711c6762ab","block_type":"box","text":"27 August 2026","page_number":27,"box":{"x":42,"y":496,"width":116,"height":11}},{"id":"0e8cfd8d-b306-4b5c-a117-ac0e6bb5d8d0","block_type":"box","text":"27","page_number":28,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"5fd89262-466c-437c-a547-beadd5620318","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":28,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"2d6dec46-b7ba-4a52-bd53-65a63e2869b0","block_type":"box","text":"Investment Objective and Policy","page_number":28,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"1ed03bc0-3838-412e-bd4a-5834d699df3a","block_type":"box","text":"Investment Objective","page_number":28,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"68f5060b-8424-4289-b6ce-48cf09c94a70","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":28,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"e093f67a-6ae1-420a-ba82-51715f0c05b8","block_type":"box","text":"investment value and income) over a rolling 5 year period","page_number":28,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"8b391e4d-8483-4aa5-8808-94f615a0e74e","block_type":"box","text":"after deducting fees and costs.","page_number":28,"box":{"x":42,"y":138,"width":227,"height":11}},{"id":"a1701f11-8271-4cfe-b1d4-b58cd77bf1a8","block_type":"box","text":"Investment Policy","page_number":28,"box":{"x":43,"y":163,"width":141,"height":11}},{"id":"c2dcf63c-a4ec-4380-a1f3-46d9a1fe797a","block_type":"box","text":"Investments","page_number":28,"box":{"x":43,"y":177,"width":89,"height":9}},{"id":"be8ea017-7e0b-4614-8d94-cbccd0d564d1","block_type":"box","text":"We invest at least 80% of the sub-fund in the shares of large","page_number":28,"box":{"x":42,"y":202,"width":450,"height":11}},{"id":"b73781b8-e8f2-4697-b4b1-9b47dba432d1","block_type":"box","text":"and medium sized companies from around the world.","page_number":28,"box":{"x":42,"y":216,"width":393,"height":11}},{"id":"a51fcc94-690b-4669-9051-638e4786a694","block_type":"box","text":"We may also invest in cash or bonds or units in funds","page_number":28,"box":{"x":42,"y":241,"width":450,"height":11}},{"id":"12fff9a4-a75f-4fd8-a494-308362b7bf86","block_type":"box","text":"(including funds managed by Sarasin).","page_number":28,"box":{"x":43,"y":255,"width":284,"height":12}},{"id":"51bc8911-1dd4-472b-943f-6e2184abaab1","block_type":"box","text":"Investment Selection","page_number":28,"box":{"x":43,"y":281,"width":154,"height":8}},{"id":"6749b004-f08c-4893-b67f-65e5c62bb9ff","block_type":"box","text":"We carefully select the sub-fund’s investments and have free","page_number":28,"box":{"x":42,"y":305,"width":450,"height":12}},{"id":"8d5a52dd-18a5-41f3-b784-20d86911e5ec","block_type":"box","text":"choice to select companies from any country/region, sector","page_number":28,"box":{"x":42,"y":320,"width":450,"height":11}},{"id":"cf9df3cc-3b3f-4bbb-883e-9499026c14f4","block_type":"box","text":"or industry.","page_number":28,"box":{"x":42,"y":334,"width":80,"height":11}},{"id":"bd2ad6b1-25a8-4988-ae94-ea6fd618f5c9","block_type":"box","text":"We identify the long-term investment themes that drive","page_number":28,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"9710e816-2890-4208-b9bc-1676ce6b58d7","block_type":"box","text":"growth and lead to disruption in global economies and","page_number":28,"box":{"x":42,"y":373,"width":450,"height":11}},{"id":"aba7e1cb-fa1f-491d-870a-f447df6a56c8","block_type":"box","text":"industries. We believe that these themes are likely to result","page_number":28,"box":{"x":43,"y":387,"width":449,"height":12}},{"id":"6037e4fa-de01-4b5e-8e75-cd392e748137","block_type":"box","text":"in structural consequences for company performance which","page_number":28,"box":{"x":43,"y":402,"width":449,"height":11}},{"id":"9567ff0d-ab01-4acf-85fb-dbbccd303ae2","block_type":"box","text":"will be reflected in their share price. We select companies","page_number":28,"box":{"x":42,"y":416,"width":450,"height":11}},{"id":"1708271a-ee33-47b2-ba45-8e2e81a5b34e","block_type":"box","text":"which are most likely to benefit from our investment themes,","page_number":28,"box":{"x":42,"y":430,"width":450,"height":11}},{"id":"e840191f-e3ed-4ecb-844d-4b7692218d1e","block_type":"box","text":"and are well placed to grow their revenues and cash flows as","page_number":28,"box":{"x":42,"y":444,"width":450,"height":12}},{"id":"02d755a4-b14e-4397-98eb-9ce0a3596d8e","block_type":"box","text":"a result of them, based on our own analysis.","page_number":28,"box":{"x":42,"y":459,"width":327,"height":11}},{"id":"122e00de-2879-48f3-819b-d284bb698235","block_type":"box","text":"Integral to this analysis is the Sarasin Sustainability Impact","page_number":28,"box":{"x":43,"y":484,"width":449,"height":11}},{"id":"7ef3e8e6-241a-4d06-8ef4-ebd9056f5299","block_type":"box","text":"Matrix (“SIM”) - an in-house tool devised to examine","page_number":28,"box":{"x":43,"y":498,"width":449,"height":11}},{"id":"8c2f453d-d073-4afd-b9f0-94214501d57f","block_type":"box","text":"and quantify any material environmental, social and/or","page_number":28,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"2131bf55-6eb7-4a61-b463-0bdce1a73a6c","block_type":"box","text":"governance factors. A comprehensive assessment of the","page_number":28,"box":{"x":42,"y":526,"width":450,"height":12}},{"id":"a24e510e-bab7-4936-b727-46aa3c84eb0a","block_type":"box","text":"related risks and opportunities resulting from these factors","page_number":28,"box":{"x":43,"y":541,"width":449,"height":11}},{"id":"7bb8cbf4-873b-4470-be6b-9e2b7cd46dfd","block_type":"box","text":"that are identified through the SIM, are then embedded","page_number":28,"box":{"x":42,"y":555,"width":450,"height":11}},{"id":"f8f469c4-576b-4846-ac86-0fdc63aa7c12","block_type":"box","text":"within our financial modelling and analysis of companies.","page_number":28,"box":{"x":42,"y":569,"width":420,"height":11}},{"id":"e7028aa5-86df-4549-9ccd-c15b237dc09a","block_type":"box","text":"The sub-fund will not therefore always exclude holdings for","page_number":28,"box":{"x":42,"y":594,"width":450,"height":11}},{"id":"0aa19820-795a-4f53-9e16-2b18a1ea40c9","block_type":"box","text":"which material environmental, social and/or governance","page_number":28,"box":{"x":42,"y":608,"width":450,"height":12}},{"id":"c75566ef-513d-48dc-9ae8-1c9d4b9a4709","block_type":"box","text":"risks have been identified.","page_number":28,"box":{"x":43,"y":623,"width":192,"height":9}},{"id":"4729dd4d-a651-43af-b487-ff249465d8c1","block_type":"box","text":"Stewardship","page_number":28,"box":{"x":43,"y":648,"width":91,"height":11}},{"id":"48ac9a79-25a7-450c-8c76-f081510a4e4c","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":28,"box":{"x":43,"y":673,"width":449,"height":11}},{"id":"4883f4f3-e74f-4c60-b38e-c039756d2b4f","block_type":"box","text":"engage, as far as possible, with underlying issuers (both","page_number":28,"box":{"x":42,"y":687,"width":444,"height":11}},{"id":"49f97cc3-d656-4fd3-8c7a-fff6a3b4b691","block_type":"box","text":"shares and corporate bonds) to promote actions to mitigate","page_number":28,"box":{"x":42,"y":701,"width":445,"height":11}},{"id":"2a812411-5e07-4d4d-8a1c-a6723a9126a6","block_type":"box","text":"material environmental, social and/or governance risks","page_number":28,"box":{"x":43,"y":715,"width":444,"height":12}},{"id":"d75ce1f7-e910-4341-aa63-fcffb4a66311","block_type":"box","text":"identified through the SIM or other analysis. Engagements","page_number":28,"box":{"x":43,"y":730,"width":444,"height":11}},{"id":"1cdd2f7b-e789-418e-adb8-9c95bd96e36f","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":28,"box":{"x":42,"y":744,"width":444,"height":11}},{"id":"78e89a7c-cc82-4aa2-b562-81eb001a50f6","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":28,"box":{"x":42,"y":758,"width":446,"height":11}},{"id":"bbb08d51-c14b-4c10-8cb8-5fa84165a11b","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":28,"box":{"x":42,"y":772,"width":445,"height":12}},{"id":"9055648f-c057-41b2-971c-763f4e7f0cf1","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":28,"box":{"x":42,"y":787,"width":444,"height":11}},{"id":"6e661263-4f96-4a32-9bcc-34fd30d60233","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":28,"box":{"x":42,"y":801,"width":445,"height":9}},{"id":"73a19754-0c61-40c6-b2e2-68f8f081c7e2","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":28,"box":{"x":42,"y":815,"width":318,"height":11}},{"id":"1ddf6748-f88d-4170-a279-cc50d87dc157","block_type":"box","text":"Voting is integral to our engagement work where we","page_number":28,"box":{"x":42,"y":840,"width":450,"height":11}},{"id":"4a98fb96-dd52-469a-8975-1b78ec904f22","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":28,"box":{"x":42,"y":854,"width":450,"height":12}},{"id":"b31a1896-a797-4743-8a0e-d6fc4322ed53","block_type":"box","text":"votes on routine items are aligned with our engagement","page_number":28,"box":{"x":42,"y":869,"width":450,"height":11}},{"id":"21a3fd4e-7ed7-4a6d-a671-8e304435f303","block_type":"box","text":"priorities. Our Corporate Governance and Voting Guidelines","page_number":28,"box":{"x":43,"y":883,"width":449,"height":11}},{"id":"c752330d-e939-4dc9-afe6-ca0eb9161c79","block_type":"box","text":"are updated annually and published on our website at","page_number":28,"box":{"x":42,"y":897,"width":450,"height":11}},{"id":"ec4b7715-402e-43a7-8e27-0ae94904f77b","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":28,"box":{"x":42,"y":911,"width":445,"height":11}},{"id":"803d9b53-74e0-445c-aa94-11cc40088e94","block_type":"box","text":"you/.","page_number":28,"box":{"x":42,"y":926,"width":35,"height":11}},{"id":"c2cc9621-2e5f-4be7-ba4a-8251065ad38a","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":28,"box":{"x":513,"y":79,"width":449,"height":11}},{"id":"143e047c-45bb-4465-bcf3-1ae717d0add4","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":28,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"088034dd-ab1b-4c51-8155-041b994eb143","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":28,"box":{"x":513,"y":108,"width":449,"height":11}},{"id":"53deaf09-e07e-40d8-850c-22d7346e014d","block_type":"box","text":"long-term financial performance for investors.","page_number":28,"box":{"x":513,"y":122,"width":334,"height":11}},{"id":"a60f4d41-9b88-4606-b208-fed555045ee1","block_type":"box","text":"Additional Techniques","page_number":28,"box":{"x":511,"y":147,"width":164,"height":11}},{"id":"f633a914-5a0f-43aa-830f-7a249d7d12e7","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":28,"box":{"x":512,"y":172,"width":450,"height":11}},{"id":"c4076dc5-b6c0-49c5-aba9-960aacfcbc2a","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":28,"box":{"x":513,"y":186,"width":449,"height":11}},{"id":"81047301-df41-4e0c-b679-5e07cd3aedad","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":28,"box":{"x":513,"y":200,"width":449,"height":9}},{"id":"5ceb35ef-12f2-434a-950e-2d93e67948b2","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":28,"box":{"x":513,"y":215,"width":449,"height":11}},{"id":"dd8b1059-1622-468d-88a3-85ae9d27a7d6","block_type":"box","text":"share prices, currencies).","page_number":28,"box":{"x":512,"y":229,"width":187,"height":11}},{"id":"41110b38-fd9a-43db-a9e7-24162693b1f5","block_type":"box","text":"Sustainability Labels","page_number":28,"box":{"x":513,"y":254,"width":152,"height":11}},{"id":"e29080de-88d2-4906-b203-1dfd29a7be6f","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":28,"box":{"x":512,"y":279,"width":450,"height":11}},{"id":"3c052393-d2b0-4cf2-86f6-84afcba09fac","block_type":"box","text":"specific sustainability goal.","page_number":28,"box":{"x":512,"y":293,"width":196,"height":11}},{"id":"8cfb66d9-8ac6-44eb-b40c-ff0dc59bd151","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":28,"box":{"x":512,"y":318,"width":450,"height":11}},{"id":"c7a3cb5a-1bd4-46bf-b1a2-a64184bc42c9","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":28,"box":{"x":512,"y":332,"width":450,"height":11}},{"id":"546afecf-01f4-48ab-906e-ace567cce40d","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":28,"box":{"x":513,"y":346,"width":449,"height":12}},{"id":"f27a8196-39f2-4e8d-a50c-de2e45111b22","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":28,"box":{"x":512,"y":361,"width":450,"height":11}},{"id":"3561602d-9348-4478-b58d-62f0106d29f6","block_type":"box","text":"sustainability investment label.","page_number":28,"box":{"x":512,"y":375,"width":225,"height":11}},{"id":"4101a0ba-c431-41be-a366-c621c67cf1f9","block_type":"box","text":"Benchmark Information","page_number":28,"box":{"x":513,"y":400,"width":186,"height":9}},{"id":"9f250fb2-9026-4608-ac72-58c6ceec4d13","block_type":"box","text":"Because the sub-fund offers Share Classes denominated","page_number":28,"box":{"x":513,"y":414,"width":449,"height":9}},{"id":"670535cc-48ce-4423-806e-381eac760f67","block_type":"box","text":"in various currencies and with various currency hedging","page_number":28,"box":{"x":513,"y":429,"width":449,"height":11}},{"id":"22e81d81-2097-44a6-9b6c-cd57689a8137","block_type":"box","text":"options, shareholders may assess performance in respect","page_number":28,"box":{"x":512,"y":443,"width":450,"height":11}},{"id":"5c2efb4d-ac49-47c5-9c25-512ad7c8cf43","block_type":"box","text":"of hedged share classes against a iteration of the MSCI All","page_number":28,"box":{"x":512,"y":457,"width":450,"height":11}},{"id":"edc472d1-8274-4fee-90b4-3a44ec7e89e7","block_type":"box","text":"Countries World Index (Net Total Return) which is hedged to","page_number":28,"box":{"x":512,"y":471,"width":450,"height":11}},{"id":"aa43b70f-cf2d-4708-98f2-e6ea93fb1b53","block_type":"box","text":"the currency of denomination of the relevant Share Class. In","page_number":28,"box":{"x":512,"y":485,"width":450,"height":12}},{"id":"cea19270-631c-4b89-b2e5-0f95130bd1ee","block_type":"box","text":"respect of all other share classes, shareholders may assess","page_number":28,"box":{"x":513,"y":500,"width":449,"height":11}},{"id":"1a231851-6ea7-4902-99f2-5e9bc493ca33","block_type":"box","text":"performance against the MSCI All Countries World Index","page_number":28,"box":{"x":513,"y":514,"width":449,"height":11}},{"id":"e14f20a8-78ff-4c26-be3f-bb1b68b17dc1","block_type":"box","text":"(Net Total Return) denominated in the same currency as the","page_number":28,"box":{"x":513,"y":528,"width":449,"height":11}},{"id":"82596268-96f1-47ec-bf28-f94bae561fac","block_type":"box","text":"relevant unhedged share class.","page_number":28,"box":{"x":513,"y":543,"width":231,"height":11}},{"id":"44532304-a0db-4679-ab88-aed494476965","block_type":"box","text":"The MSCI All Countries World Index (Total Net Return),","page_number":28,"box":{"x":512,"y":567,"width":450,"height":12}},{"id":"a0ffff6f-e92f-438c-9dbe-202a88a08b77","block_type":"box","text":"including in hedged form, represents the performance of","page_number":28,"box":{"x":513,"y":582,"width":449,"height":11}},{"id":"941299d6-f4bb-4b91-bf73-aaf196a1d164","block_type":"box","text":"shares of companies from around the world.","page_number":28,"box":{"x":512,"y":596,"width":326,"height":11}},{"id":"8dbc3936-dac2-41e6-a5aa-adb7f850abcf","block_type":"box","text":"28","page_number":29,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"1d8f88dd-6f3e-4fac-9c43-5919cd592172","block_type":"box","text":"29","page_number":29,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"eaab0bc9-1032-4c79-ab4c-1aae53dedeca","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":29,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"5f20fb5a-ff6b-4306-b93a-3da64b170e44","block_type":"box","text":"Sensitivity Analysis","page_number":29,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"3609a06d-a92f-4c35-a0d0-aaf725b119b5","block_type":"box","text":"The sub-fund invests in equities. The sub-fund will then use","page_number":29,"box":{"x":42,"y":93,"width":450,"height":11}},{"id":"510a14fe-0882-43fe-af3d-bb7ce036de69","block_type":"box","text":"options on individual stocks to implement views on specific","page_number":29,"box":{"x":42,"y":108,"width":450,"height":11}},{"id":"db38b020-9d07-4dc7-b163-32fcd913acef","block_type":"box","text":"stocks and to increase the yield on the sub-fund by selling","page_number":29,"box":{"x":42,"y":122,"width":450,"height":11}},{"id":"d82801c5-cee8-4587-9cd4-4b27540af729","block_type":"box","text":"options on stocks.","page_number":29,"box":{"x":42,"y":136,"width":139,"height":11}},{"id":"62c3405d-36b2-4e8e-97c2-a7835ff6660f","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":29,"box":{"x":43,"y":161,"width":449,"height":9}},{"id":"c335dc3c-2c53-40b2-83bd-953fd0f07411","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":29,"box":{"x":43,"y":175,"width":449,"height":12}},{"id":"75b13532-5004-4e23-8ce4-6b25cc098e29","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":29,"box":{"x":42,"y":190,"width":450,"height":10}},{"id":"f5354d69-7264-4289-a9c6-021fef874a25","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":29,"box":{"x":42,"y":204,"width":450,"height":11}},{"id":"0e1a5331-cc6f-4755-a010-6ff0c7585072","block_type":"box","text":"absolute basis or relative to a benchmark), using a Monte","page_number":29,"box":{"x":42,"y":218,"width":450,"height":11}},{"id":"b97aaa36-e564-4998-ab54-86b0509b3325","block_type":"box","text":"Carlo simulation methodology.","page_number":29,"box":{"x":43,"y":232,"width":222,"height":12}},{"id":"43505798-3221-4384-9a87-d814edb4443b","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":29,"box":{"x":42,"y":257,"width":450,"height":12}},{"id":"8187da61-d9f8-447d-bd04-171862161b31","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":29,"box":{"x":43,"y":272,"width":449,"height":11}},{"id":"26f6cfc5-5624-43cf-bf9d-ca1e6082b043","block_type":"box","text":"portfolio over a specific timeframe.","page_number":29,"box":{"x":43,"y":286,"width":253,"height":11}},{"id":"e7d9b95e-c801-4097-948e-f14f0e4a438b","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":29,"box":{"x":42,"y":311,"width":445,"height":11}},{"id":"40dad5dc-ed8c-4a19-a36f-d415a6edce57","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":29,"box":{"x":43,"y":325,"width":449,"height":11}},{"id":"698fb8a0-c748-4bd2-a686-f274fed9bde4","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":29,"box":{"x":43,"y":339,"width":449,"height":12}},{"id":"d7712b2c-1b2a-41f5-be0d-94976455a746","block_type":"box","text":"based on the 99th percentile.","page_number":29,"box":{"x":43,"y":354,"width":214,"height":11}},{"id":"1e4dadb8-12bf-4a00-8115-44a28b4a03b3","block_type":"box","text":"The “99% / 20-day Relative VaR” for Sarasin Thematic Global","page_number":29,"box":{"x":42,"y":378,"width":450,"height":12}},{"id":"943ffa36-bdcf-4be3-a9fb-0dcddfebe214","block_type":"box","text":"Equity, as at 3 July 2026, was 99.91% (31 December 2025:","page_number":29,"box":{"x":43,"y":393,"width":449,"height":11}},{"id":"be03f319-f5d2-42e7-a868-e44c9d3cbea3","block_type":"box","text":"104.46%). The lowest, highest, and average utilisation in the","page_number":29,"box":{"x":44,"y":407,"width":448,"height":11}},{"id":"256cf6c8-6065-466e-ae74-11bd81b2d33e","block_type":"box","text":"period was 97.46%, 108.53% and 102.67%, respectively","page_number":29,"box":{"x":43,"y":421,"width":449,"height":12}},{"id":"c0b733b0-6dcc-434d-976b-17db4310a237","block_type":"box","text":"(31 December 2025: 94.16%, 107.76% and 101.65%,","page_number":29,"box":{"x":43,"y":436,"width":449,"height":11}},{"id":"4a83d8d5-1f48-489d-bb59-1fb68e753fa1","block_type":"box","text":"respectively).","page_number":29,"box":{"x":43,"y":450,"width":96,"height":11}},{"id":"76dc4314-a635-4099-acf4-18d0fc82b5e6","block_type":"box","text":"Note: Sub-fund moved to relative VaR in mid-2020 so that","page_number":29,"box":{"x":43,"y":475,"width":449,"height":9}},{"id":"dae76b58-ca58-449a-b46e-c0cd42e1e739","block_type":"box","text":"the VaR limit moves with market volatility. The regulatory limit","page_number":29,"box":{"x":42,"y":489,"width":450,"height":11}},{"id":"c8ab13cf-28b1-4b00-b912-f00b86186c3d","block_type":"box","text":"is 200% relative to benchmark VaR.","page_number":29,"box":{"x":43,"y":503,"width":269,"height":9}},{"id":"a256c91a-b53d-4965-8f0a-35e81aadeb5a","block_type":"box","text":"29","page_number":30,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"bf4baed6-6ba8-4755-a5ae-affa415e044a","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":30,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"232313fe-a704-4463-b566-39e36d02254a","block_type":"box","text":"Investment Review \r\new","page_number":30,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"e8f8e4dc-caad-49c8-a3b6-a3412b9b6bac","block_type":"box","text":"Investment Review","page_number":30,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"8c66046a-c3d4-4ad3-894e-48144ebbb3c2","block_type":"box","text":"Sub-fund Performance","page_number":30,"box":{"x":42,"y":95,"width":186,"height":9}},{"id":"1990e5d8-0e0b-4543-bcc1-80a63e002928","block_type":"box","text":"Cumulative performance","page_number":30,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"cef48063-f6cf-4d32-ab86-9663bf458489","block_type":"box","text":"6 mos","page_number":30,"box":{"x":452,"y":121,"width":45,"height":9}},{"id":"a54a367f-647e-45a1-bd83-1e3d5855a637","block_type":"box","text":"1 yr","page_number":30,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"e1f1e445-6b0a-4610-9650-bef95a1e045d","block_type":"box","text":"3 yrs","page_number":30,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"30daaae7-2a52-445c-89c6-4f8f150c0c95","block_type":"box","text":"5 yrs","page_number":30,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"11103d23-48a6-42d7-acf9-9d2c10658754","block_type":"box","text":"Since","page_number":30,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"2a5ccb86-2456-4a2a-be83-26900974c562","block_type":"box","text":"Inception","page_number":30,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"fe6c07a0-94b5-4c45-a66c-a4610591face","block_type":"box","text":"01 Jan 26 –","page_number":30,"box":{"x":431,"y":146,"width":92,"height":9}},{"id":"81b92af3-fd76-40ef-8910-860af714f818","block_type":"box","text":"03 Jul 26","page_number":30,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"c8576d4e-74a7-45cb-b213-73896dec7f8a","block_type":"box","text":"01 Jul 25 -","page_number":30,"box":{"x":543,"y":146,"width":82,"height":9}},{"id":"99e58008-86a2-471d-87d6-11c05f113017","block_type":"box","text":"03 Jul 26","page_number":30,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"6d72abbb-ada4-4664-b7ee-a60c65872517","block_type":"box","text":"01 Jul 23 –","page_number":30,"box":{"x":647,"y":146,"width":86,"height":9}},{"id":"548af37e-e370-4a12-b017-17489c51709e","block_type":"box","text":"03 Jul 26","page_number":30,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"3110143b-9a8e-42d4-91f3-2c68598bbcac","block_type":"box","text":"01 Jul 21 –","page_number":30,"box":{"x":754,"y":146,"width":86,"height":9}},{"id":"25c80c78-f8d9-4cd0-b938-f7490e1825f5","block_type":"box","text":"03 Jul 26","page_number":30,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"cdba7efd-9918-4927-ba40-568a9ffd1922","block_type":"box","text":"01 Jul 94 –","page_number":30,"box":{"x":861,"y":146,"width":86,"height":9}},{"id":"ae497534-931c-4d15-8dcc-54392b071563","block_type":"box","text":"03 Jun 26","page_number":30,"box":{"x":866,"y":160,"width":72,"height":9}},{"id":"fc5d15b7-c0d0-4074-ba38-85d4f3b8b908","block_type":"box","text":"%","page_number":30,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"84caf6f5-046f-46b2-88b6-4c6550dfc250","block_type":"box","text":"%","page_number":30,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"8a95a438-ec94-49e9-85a9-adfa088b2c6b","block_type":"box","text":"%","page_number":30,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"983ee8b8-59b3-40de-acff-5cfd9307bd9b","block_type":"box","text":"%","page_number":30,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"c7759b82-e06a-4d4d-84b4-ec0f9dd72761","block_type":"box","text":"%","page_number":30,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"ceb2fc6c-86ab-4133-8c2b-4e5be08528b3","block_type":"box","text":"Fund","page_number":30,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"40dc8783-61a3-4f56-a219-5d32853157b9","block_type":"box","text":"P Acc (Net)","page_number":30,"box":{"x":308,"y":196,"width":83,"height":11}},{"id":"c540054b-ebeb-4a92-8959-a6022cd47174","block_type":"box","text":"3.70","page_number":30,"box":{"x":459,"y":196,"width":31,"height":9}},{"id":"78184fda-73ba-4936-a7db-133478a47694","block_type":"box","text":"7.40","page_number":30,"box":{"x":566,"y":196,"width":31,"height":9}},{"id":"cad12450-06c0-48d1-8b04-5dc4bd4dbba6","block_type":"box","text":"20.20","page_number":30,"box":{"x":667,"y":196,"width":41,"height":9}},{"id":"8b3479c9-cfdf-4bc8-8905-9ae172c8e809","block_type":"box","text":"22.20","page_number":30,"box":{"x":774,"y":196,"width":40,"height":9}},{"id":"316a4090-c89e-4ceb-bbc4-0032c4c39a6c","block_type":"box","text":"953.80","page_number":30,"box":{"x":877,"y":196,"width":50,"height":9}},{"id":"15ec60b8-65fd-4c1a-95b6-89dbc82d2d12","block_type":"box","text":"Comparator","page_number":30,"box":{"x":49,"y":209,"width":88,"height":11}},{"id":"53bfb48f-dcd7-4199-ab4c-113b3ea4be1a","block_type":"box","text":"Index","page_number":30,"box":{"x":308,"y":209,"width":40,"height":9}},{"id":"c532731f-0d23-4307-b1bb-d29397204018","block_type":"box","text":"12.40","page_number":30,"box":{"x":455,"y":209,"width":40,"height":9}},{"id":"8ca59837-9e28-4f87-bf2e-6ed7a76773a2","block_type":"box","text":"25.60","page_number":30,"box":{"x":561,"y":209,"width":40,"height":9}},{"id":"59b3a0dc-8345-465f-8ed0-e52b4deff84f","block_type":"box","text":"62.90","page_number":30,"box":{"x":667,"y":209,"width":41,"height":9}},{"id":"0af5be10-71d3-46ec-bb00-8ae67e3db041","block_type":"box","text":"73.20","page_number":30,"box":{"x":774,"y":209,"width":40,"height":9}},{"id":"adcc49bb-af15-446d-a415-a9427960e1d4","block_type":"box","text":"1,430.10","page_number":30,"box":{"x":871,"y":209,"width":63,"height":11}},{"id":"ff9566a4-25ee-4d39-9234-120b601af503","block_type":"box","text":"Discrete performance","page_number":30,"box":{"x":52,"y":253,"width":171,"height":11}},{"id":"4b8f37a4-c28f-4ad1-be75-6eea32a71472","block_type":"box","text":"01 Jul 25 –","page_number":30,"box":{"x":434,"y":253,"width":86,"height":9}},{"id":"3c11764d-e9a6-4542-ae3b-1e05b4ec3c97","block_type":"box","text":"03 Jul 26","page_number":30,"box":{"x":441,"y":268,"width":67,"height":8}},{"id":"ededc34c-4e9d-4051-b530-e9b440c56286","block_type":"box","text":"01 Jul 24 –","page_number":30,"box":{"x":541,"y":253,"width":86,"height":9}},{"id":"3cfa871e-c45c-4d92-bc18-1ddba508992c","block_type":"box","text":"30 Jun 25","page_number":30,"box":{"x":545,"y":268,"width":72,"height":8}},{"id":"38ae1968-4cb9-497b-b110-71c6f334926c","block_type":"box","text":"01 Jul 23 –","page_number":30,"box":{"x":647,"y":253,"width":86,"height":9}},{"id":"8b3dd5aa-0dfe-4344-93ce-e880e7d265c6","block_type":"box","text":"30 Jun 24","page_number":30,"box":{"x":652,"y":268,"width":72,"height":8}},{"id":"095f1efe-297f-4830-963d-b0f17607d30c","block_type":"box","text":"01 Jul 22 –","page_number":30,"box":{"x":754,"y":253,"width":86,"height":9}},{"id":"8d0c93da-1e21-463e-abc4-e3de7e802f7a","block_type":"box","text":"30 Jun 23","page_number":30,"box":{"x":758,"y":268,"width":72,"height":8}},{"id":"c85b211a-6e67-477e-aace-2a9ba326069e","block_type":"box","text":"01 Jul 21 –","page_number":30,"box":{"x":861,"y":253,"width":86,"height":9}},{"id":"26cf7a56-7ae9-4fcd-8a78-97e32ab4cce6","block_type":"box","text":"30 Jun 22","page_number":30,"box":{"x":866,"y":268,"width":72,"height":8}},{"id":"7fefb350-1090-44c6-986f-3585beb16ed4","block_type":"box","text":"%","page_number":30,"box":{"x":468,"y":290,"width":13,"height":9}},{"id":"d428331d-6b6f-4f75-93e2-19c3f60aef75","block_type":"box","text":"%","page_number":30,"box":{"x":575,"y":290,"width":13,"height":9}},{"id":"38ab0947-4a6d-4375-96c9-0b86ffbbcaf8","block_type":"box","text":"%","page_number":30,"box":{"x":681,"y":290,"width":13,"height":9}},{"id":"419da801-f68e-4ff0-b78a-14165073d162","block_type":"box","text":"%","page_number":30,"box":{"x":788,"y":290,"width":13,"height":9}},{"id":"022ba27d-5173-4538-9444-516b10ae829f","block_type":"box","text":"%","page_number":30,"box":{"x":895,"y":290,"width":13,"height":9}},{"id":"4e0b9bbb-ae32-4647-bb5f-2db3182102cb","block_type":"box","text":"Fund","page_number":30,"box":{"x":50,"y":303,"width":36,"height":9}},{"id":"0eeb9daa-f371-4605-9a1e-be1d4769c85b","block_type":"box","text":"P Acc (Net)","page_number":30,"box":{"x":308,"y":303,"width":83,"height":11}},{"id":"baa5a759-3d23-4ac6-951c-6e09fc8f6afe","block_type":"box","text":"7.40","page_number":30,"box":{"x":459,"y":303,"width":31,"height":9}},{"id":"b4a5a06d-e3f7-4ad0-b5db-5d559a7fe18a","block_type":"box","text":"-1.60","page_number":30,"box":{"x":563,"y":303,"width":36,"height":9}},{"id":"ca6ef57c-2744-49fb-bb34-fd6008f321be","block_type":"box","text":"14.00","page_number":30,"box":{"x":669,"y":303,"width":39,"height":9}},{"id":"868a60f9-1c07-4e6e-b61e-e46eab396d4c","block_type":"box","text":"7.90","page_number":30,"box":{"x":779,"y":303,"width":31,"height":9}},{"id":"65b04516-77af-4835-b329-2fb82e9ab9fa","block_type":"box","text":"-5.70","page_number":30,"box":{"x":883,"y":303,"width":37,"height":9}},{"id":"8b77d5f1-25c8-4546-ab8b-56f34c74802f","block_type":"box","text":"Comparator","page_number":30,"box":{"x":49,"y":316,"width":88,"height":12}},{"id":"346d6a19-e3ae-4bc6-93cb-37d0c2f3b17b","block_type":"box","text":"Index","page_number":30,"box":{"x":308,"y":317,"width":40,"height":8}},{"id":"2e1f035e-341d-4e78-a646-f6e8e72f20e1","block_type":"box","text":"25.60","page_number":30,"box":{"x":454,"y":316,"width":41,"height":9}},{"id":"75781fcc-b679-48b9-b02a-c9aff514c856","block_type":"box","text":"7.20","page_number":30,"box":{"x":566,"y":316,"width":31,"height":9}},{"id":"bb18ac7a-a909-4821-804b-eab0c11e47a4","block_type":"box","text":"20.10","page_number":30,"box":{"x":667,"y":316,"width":41,"height":9}},{"id":"b10ec802-c8e5-4d46-8028-1c0892413d80","block_type":"box","text":"11.30","page_number":30,"box":{"x":776,"y":316,"width":38,"height":9}},{"id":"397fdd85-02e8-406e-85f5-3c42a3e190ea","block_type":"box","text":"-4.20","page_number":30,"box":{"x":883,"y":316,"width":37,"height":9}},{"id":"5a2ea5a3-2e23-45af-b7b9-2eefde3c31d3","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":30,"box":{"x":43,"y":376,"width":220,"height":6}},{"id":"2a9d6e0f-d7fd-4222-9a6d-15191102fe7b","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":30,"box":{"x":43,"y":395,"width":444,"height":7}},{"id":"2c5ff1cc-256d-4b36-a137-5f41f0aa3eed","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":30,"box":{"x":42,"y":404,"width":445,"height":7}},{"id":"81c59799-1aca-4c4d-956d-768ec8fa2919","block_type":"box","text":"reinvested.","page_number":30,"box":{"x":42,"y":413,"width":48,"height":5}},{"id":"8a5a4ddd-406b-4591-bd72-ae7c5b03f70c","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched on","page_number":30,"box":{"x":42,"y":432,"width":445,"height":6}},{"id":"d7274b44-9d58-46a6-b7ef-218973ca391d","block_type":"box","text":"15 October 2012. Performance prior to this date is from the previously merged share class Sarasin","page_number":30,"box":{"x":43,"y":440,"width":444,"height":7}},{"id":"fc7f3efb-0d29-4f1b-aaf7-6aedf929bce8","block_type":"box","text":"Thematic Global Equity A Acc. Prior to 28 November 2016, the sub-fund was named Sarasin EquiSar","page_number":30,"box":{"x":42,"y":449,"width":446,"height":7}},{"id":"b0949815-c566-4942-9be0-1f9e6681d1ff","block_type":"box","text":"Global Thematic.","page_number":30,"box":{"x":42,"y":457,"width":75,"height":6}},{"id":"5535398c-9246-47c6-850f-4ca37b60233e","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":30,"box":{"x":43,"y":477,"width":444,"height":6}},{"id":"0b3b8c8a-1a0b-45ae-b3f3-8703ebf3fd6b","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":30,"box":{"x":42,"y":485,"width":116,"height":7}},{"id":"0eaa4c84-4735-47dc-a33a-ea98d9431aba","block_type":"box","text":"Performance","page_number":30,"box":{"x":43,"y":507,"width":101,"height":9}},{"id":"9c495f59-4c70-4929-93f5-04a9b7af4911","block_type":"box","text":"The sub-fund returned 3.70% (net of charges) for the period","page_number":30,"box":{"x":42,"y":521,"width":450,"height":11}},{"id":"97ed41cf-2f58-4e0a-a395-e6c22f6f41c6","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 12.40% for the","page_number":30,"box":{"x":42,"y":535,"width":450,"height":11}},{"id":"c27d14b8-cafc-4d46-93ed-66e104b0db11","block_type":"box","text":"comparator benchmark. The performance of the sub-fund","page_number":30,"box":{"x":42,"y":549,"width":450,"height":12}},{"id":"2b08e7b7-edd2-4e64-a715-d2a66978a5e4","block_type":"box","text":"compared to the benchmark has again been challenging.","page_number":30,"box":{"x":42,"y":564,"width":450,"height":11}},{"id":"32d4d825-be1b-4de5-971e-0fda41df7e3b","block_type":"box","text":"In particular, the extraordinary moves by the semiconductor","page_number":30,"box":{"x":43,"y":578,"width":449,"height":11}},{"id":"45f6248e-aec7-4ea2-8e33-6b6fe2677ff6","block_type":"box","text":"and memory stocks within the world equity index have been","page_number":30,"box":{"x":42,"y":592,"width":450,"height":11}},{"id":"d881110f-023e-44c1-a589-7147be4dc477","block_type":"box","text":"extremely hard to match. Yes, the sub-fund has exposure to","page_number":30,"box":{"x":42,"y":606,"width":450,"height":12}},{"id":"610212af-66b4-4145-adfc-44cf1b083a55","block_type":"box","text":"these sectors in the US and Asia, but not at market weights.","page_number":30,"box":{"x":42,"y":621,"width":450,"height":11}},{"id":"b92d3d8d-4d5d-4431-b6cf-2c938fb35ff2","block_type":"box","text":"More generally, the accelerating AI boom has created one","page_number":30,"box":{"x":43,"y":635,"width":449,"height":11}},{"id":"768c73b1-148c-454d-a23b-a2c4041b4e2d","block_type":"box","text":"of the most powerful momentum-led rallies in recent years,","page_number":30,"box":{"x":42,"y":649,"width":450,"height":11}},{"id":"e05e1726-8bfd-480b-9b8d-1820fbb8fca3","block_type":"box","text":"and those diversifying into ‘quality’ or more defensive","page_number":30,"box":{"x":42,"y":663,"width":450,"height":12}},{"id":"8b15da7c-cf77-43e2-a990-544cab9c7a64","block_type":"box","text":"equity holdings have inevitably underperformed. We are","page_number":30,"box":{"x":42,"y":678,"width":450,"height":11}},{"id":"fe751138-ef39-4e5c-9611-929903876409","block_type":"box","text":"no exception, given that our thematic stocks typically tend","page_number":30,"box":{"x":43,"y":692,"width":443,"height":11}},{"id":"8860101b-e7c4-4677-9dee-021fc8813790","block_type":"box","text":"to show higher returns on equity, lower financial leverage,","page_number":30,"box":{"x":42,"y":706,"width":444,"height":12}},{"id":"0afc3550-ae40-473e-8fdb-62efae8b6441","block_type":"box","text":"and more stable earnings growth, which have often been","page_number":30,"box":{"x":42,"y":720,"width":444,"height":12}},{"id":"ccf15862-abd9-4456-b2db-f2e5ad5edfd8","block_type":"box","text":"overlooked in the recent market rally. There are signs that","page_number":30,"box":{"x":42,"y":735,"width":445,"height":11}},{"id":"eb71f825-d23e-441a-bae9-d045c4018a62","block_type":"box","text":"market leadership may be broadening beyond a narrow","page_number":30,"box":{"x":43,"y":749,"width":444,"height":11}},{"id":"d90414d2-59ef-4dba-ab89-8bebcd38dea4","block_type":"box","text":"group of AI winners, which would be beneficial for our","page_number":30,"box":{"x":42,"y":763,"width":446,"height":12}},{"id":"d5bfebfd-d9f0-424c-bfaf-0c2b9f22cf3c","block_type":"box","text":"thematic equity approach.","page_number":30,"box":{"x":42,"y":778,"width":191,"height":11}},{"id":"bf8bd6ff-9fda-4d01-88b1-44941806210b","block_type":"box","text":"Review","page_number":30,"box":{"x":43,"y":803,"width":57,"height":8}},{"id":"9233f3fb-ec78-420b-bb22-087c405098a2","block_type":"box","text":"Disruption resulting from the US imposition of tariffs and a","page_number":30,"box":{"x":43,"y":817,"width":444,"height":11}},{"id":"3ddbe810-a616-436f-9264-f7a8707a4a31","block_type":"box","text":"surge in energy prices following the start of the war in Iran","page_number":30,"box":{"x":42,"y":831,"width":444,"height":11}},{"id":"14f77f42-00b4-4a0a-9ae4-dee70a986574","block_type":"box","text":"negatively affected investor sentiment during the opening","page_number":30,"box":{"x":43,"y":845,"width":449,"height":12}},{"id":"83aac426-6988-46b2-8723-e5fb5c7aeec9","block_type":"box","text":"months of the year. The uncertainty caused investors to","page_number":30,"box":{"x":43,"y":860,"width":449,"height":11}},{"id":"3676603c-006c-4cb7-bbe0-f4317aa72b18","block_type":"box","text":"become increasingly concerned about inflation risks, which","page_number":30,"box":{"x":43,"y":874,"width":449,"height":11}},{"id":"13532dca-b317-4dc2-ad16-499da6b001b7","block_type":"box","text":"led to weak performance across global stock markets.","page_number":30,"box":{"x":43,"y":888,"width":398,"height":11}},{"id":"9856337f-cb60-4698-ba52-421ba2ba73a2","block_type":"box","text":"However, investor sentiment towards the stock market","page_number":30,"box":{"x":513,"y":378,"width":449,"height":11}},{"id":"d92d25c9-c160-4906-aa34-10cc25accd18","block_type":"box","text":"improved as the period progressed. It was boosted by a","page_number":30,"box":{"x":513,"y":393,"width":443,"height":11}},{"id":"a8ec5858-91ad-4295-b8de-76b565799215","block_type":"box","text":"de-escalation in the conflict in the Middle East that led to a","page_number":30,"box":{"x":512,"y":407,"width":450,"height":9}},{"id":"1c218e73-01c5-4de3-ac9c-6033bf261c7e","block_type":"box","text":"sharp fall in oil prices from their April peak.","page_number":30,"box":{"x":512,"y":421,"width":314,"height":11}},{"id":"e8cd4a14-f1fe-4293-aa80-04e464eb218b","block_type":"box","text":"The easing of energy concerns allowed markets to refocus on","page_number":30,"box":{"x":512,"y":446,"width":450,"height":11}},{"id":"d51d070a-3b8f-4281-a89e-0be179307184","block_type":"box","text":"Artificial Intelligence (AI), pushing technology stocks higher.","page_number":30,"box":{"x":512,"y":460,"width":450,"height":12}},{"id":"621a39f8-9d82-47f0-9423-d8e8bc653f99","block_type":"box","text":"Further boosts came from companies raising their spending","page_number":30,"box":{"x":513,"y":475,"width":449,"height":11}},{"id":"05f59105-bd4b-4a70-b734-34c10e7154ca","block_type":"box","text":"plans for the year and upgraded global earnings forecasts.","page_number":30,"box":{"x":513,"y":489,"width":449,"height":11}},{"id":"484ee122-4957-405b-aa6e-973a181874ee","block_type":"box","text":"Shares delivered strong gains. Emerging markets fared","page_number":30,"box":{"x":512,"y":503,"width":450,"height":11}},{"id":"79f098cb-00bf-4ee0-918a-3c735b370df6","block_type":"box","text":"best, driven by the heavy weighting of semiconductor and","page_number":30,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"99eb227d-c740-44e0-9594-99b9f5e5a30b","block_type":"box","text":"IT hardware companies in the index. Japan also performed","page_number":30,"box":{"x":513,"y":532,"width":449,"height":11}},{"id":"735550ec-ee4b-4c35-b06d-00aecbc074b5","block_type":"box","text":"strongly, supported by a weak currency and expectations of","page_number":30,"box":{"x":512,"y":546,"width":450,"height":11}},{"id":"a2ca924b-ffba-43e8-a433-210ecda01000","block_type":"box","text":"higher government spending. Meanwhile, UK equities were","page_number":30,"box":{"x":513,"y":560,"width":449,"height":11}},{"id":"4f89090c-4511-4c9a-a33f-bce28c148f28","block_type":"box","text":"relatively resilient due to a weaker sterling.","page_number":30,"box":{"x":513,"y":575,"width":314,"height":11}},{"id":"850b7ecf-d9f8-45d4-a84b-a2edc7dc7aba","block_type":"box","text":"Positives","page_number":30,"box":{"x":513,"y":600,"width":72,"height":8}},{"id":"eb6e8fcd-a0e0-43f9-9f97-2de560107792","block_type":"box","text":"Among the sub-fund’s holdings, ASML Holding, a leading","page_number":30,"box":{"x":512,"y":614,"width":450,"height":11}},{"id":"a448fa77-7eb6-45b5-a0ca-c931203415c8","block_type":"box","text":"manufacturer of semiconductor production equipment,","page_number":30,"box":{"x":513,"y":628,"width":449,"height":11}},{"id":"125debe6-03cd-4dce-b3df-fdb88bd1212f","block_type":"box","text":"delivered strong performance throughout the period. This","page_number":30,"box":{"x":512,"y":642,"width":450,"height":11}},{"id":"1bcc24b5-6113-4f43-9427-0a27d26764a6","block_type":"box","text":"was driven by record-breaking new orders, profit margins","page_number":30,"box":{"x":512,"y":656,"width":450,"height":12}},{"id":"11f5a733-5c74-44f5-92d0-51088d0bb712","block_type":"box","text":"that were at the upper end of expectations and an increase","page_number":30,"box":{"x":512,"y":671,"width":450,"height":11}},{"id":"c045a111-21da-4aca-bd9b-245c53d58bc1","block_type":"box","text":"in projected revenues for the full year.","page_number":30,"box":{"x":513,"y":685,"width":277,"height":11}},{"id":"6ccac52a-757a-4de6-8bb1-208bd0ade2b0","block_type":"box","text":"Another holding which delivered strong returns was SK","page_number":30,"box":{"x":512,"y":710,"width":445,"height":11}},{"id":"7964f955-583c-452a-9715-a2fba950bf6b","block_type":"box","text":"Hynix. The company announced record Quarter 1 2026","page_number":30,"box":{"x":513,"y":724,"width":443,"height":11}},{"id":"106ee5ca-4e06-410b-a4db-bc9ad4fae27e","block_type":"box","text":"results, with operating profit nearly doubling and operating","page_number":30,"box":{"x":513,"y":738,"width":443,"height":12}},{"id":"f83b7179-0751-47eb-ad5a-0a8bdc63ee10","block_type":"box","text":"margins also up substantially, as AI infrastructure investment","page_number":30,"box":{"x":513,"y":753,"width":444,"height":11}},{"id":"7038f6aa-111d-4bb1-9a9a-79db379477f3","block_type":"box","text":"continued to outpace the supply of memory.","page_number":30,"box":{"x":512,"y":767,"width":323,"height":11}},{"id":"aecf2369-ee5b-4d88-9145-2dc8988879d8","block_type":"box","text":"The shares of consumer products company","page_number":30,"box":{"x":512,"y":792,"width":445,"height":11}},{"id":"48cd2c9f-d992-4b79-a393-f550933d6f3a","block_type":"box","text":"Colgate-Palmolive performed well as the company","page_number":30,"box":{"x":512,"y":806,"width":445,"height":11}},{"id":"49a291e7-b4f5-4fe3-b869-87eb882c7b9a","block_type":"box","text":"maintained its upward momentum. This was largely a result","page_number":30,"box":{"x":513,"y":820,"width":444,"height":12}},{"id":"8b038fe0-06ec-47ee-a898-35f714d0ce21","block_type":"box","text":"of better-than-expected results for the final quarter of 2025","page_number":30,"box":{"x":512,"y":835,"width":444,"height":11}},{"id":"72bed456-3373-4bd7-a2a8-789978f06916","block_type":"box","text":"and a strategy aimed at maintaining growth over the next","page_number":30,"box":{"x":512,"y":849,"width":450,"height":11}},{"id":"60ca43c1-0997-4ac6-8a27-ca28598a78ed","block_type":"box","text":"five years.","page_number":30,"box":{"x":512,"y":863,"width":75,"height":11}},{"id":"4fc16c00-a87e-4df4-a67f-f8e07ad80462","block_type":"box","text":"30","page_number":31,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"fb2798ce-4fc5-4af9-a88b-224a5495d5c4","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":31,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"e13258a7-c7db-4f28-b847-0e1df9ad36c5","block_type":"box","text":"Negatives","page_number":31,"box":{"x":43,"y":95,"width":77,"height":11}},{"id":"e575e888-2e3c-4897-b0b3-87887a8fb446","block_type":"box","text":"Microsoft shares were weaker amid concerns around","page_number":31,"box":{"x":43,"y":109,"width":449,"height":9}},{"id":"7cee9eb5-e986-43dd-a42c-592d66b43e3e","block_type":"box","text":"higher levels of spending on AI, and the company’s ongoing","page_number":31,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"b9682846-c90c-4c90-a503-0d245c002c9d","block_type":"box","text":"commitment in this area. However, we believe that Microsoft","page_number":31,"box":{"x":42,"y":138,"width":450,"height":10}},{"id":"5d552a0e-5cab-42a5-ae2b-ae4cb24f4caa","block_type":"box","text":"will be a long-term AI winner.","page_number":31,"box":{"x":42,"y":152,"width":218,"height":11}},{"id":"eff40c88-7eca-4724-ad8a-758793ebba60","block_type":"box","text":"The holding in ServiceNow, a software specialist, detracted","page_number":31,"box":{"x":42,"y":177,"width":450,"height":11}},{"id":"43fd4428-7ffe-4a31-bffe-91943f436bff","block_type":"box","text":"from returns after the company announced its fourth quarter","page_number":31,"box":{"x":42,"y":191,"width":450,"height":12}},{"id":"ee11d841-6f4d-4e92-8c20-9da329a462f7","block_type":"box","text":"2025 results. The weakness was despite performance that","page_number":31,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"37946eab-00d1-4265-888f-87548736030e","block_type":"box","text":"was better than expectations and guidance for the full year","page_number":31,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"9a5eb9fa-b30e-4e2c-b38f-4fceaefe5e18","block_type":"box","text":"2026 coming in ahead of consensus.","page_number":31,"box":{"x":42,"y":234,"width":278,"height":11}},{"id":"6065a17e-deb3-4d3f-b9f0-be771e7c3269","block_type":"box","text":"Our holding in Netflix, the subscription streaming service,","page_number":31,"box":{"x":43,"y":259,"width":449,"height":11}},{"id":"8c96a3fe-f733-4512-80d7-506e690e854f","block_type":"box","text":"also detracted despite the release of results that were ahead","page_number":31,"box":{"x":42,"y":273,"width":450,"height":11}},{"id":"3ac9ee4f-e15c-435f-ac81-2b92931a1f93","block_type":"box","text":"of expectations. Investors focused instead on a disappointing","page_number":31,"box":{"x":42,"y":288,"width":450,"height":11}},{"id":"25aec154-7d34-4bc5-9d6a-a42ed9d02e85","block_type":"box","text":"outlook for revenue and operating income, plus unchanged","page_number":31,"box":{"x":42,"y":302,"width":450,"height":11}},{"id":"a81ba4d4-2a24-4a8a-94d0-8c97dc5252e3","block_type":"box","text":"full-year revenue guidance. The latter frustrated investors","page_number":31,"box":{"x":42,"y":316,"width":450,"height":11}},{"id":"8084edc9-3446-4bcb-8002-3591e734af9f","block_type":"box","text":"hoping that a price increase for US subscribers would lift","page_number":31,"box":{"x":43,"y":330,"width":449,"height":12}},{"id":"1ffb61b3-4b85-43c9-8541-8a4b3e78af13","block_type":"box","text":"the overall outlook. The company also announced that","page_number":31,"box":{"x":42,"y":345,"width":445,"height":11}},{"id":"1d9f6843-145d-4fd1-a521-0faaeaca0023","block_type":"box","text":"co-founder Reed Hastings would not stand for re-election","page_number":31,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"6a2b18ad-a613-4df2-a01e-30c0026c6735","block_type":"box","text":"to the board; he subsequently stepped down at the annual","page_number":31,"box":{"x":42,"y":373,"width":450,"height":11}},{"id":"5d2ab7b3-974a-4de1-b758-f5e35bcdbb28","block_type":"box","text":"meeting in June.","page_number":31,"box":{"x":43,"y":387,"width":121,"height":12}},{"id":"f1132cdb-590e-4185-ae7b-bd9dbc37f20e","block_type":"box","text":"Transactions","page_number":31,"box":{"x":42,"y":413,"width":103,"height":8}},{"id":"892c5a51-5e90-4129-8ba8-e87adc72ba2d","block_type":"box","text":"We took a holding in the aforementioned BHP Group We","page_number":31,"box":{"x":42,"y":427,"width":450,"height":11}},{"id":"a1784d80-195e-4520-882a-9c35e70abd76","block_type":"box","text":"believe that it offers high-quality exposure to copper, which we","page_number":31,"box":{"x":43,"y":441,"width":449,"height":11}},{"id":"018708dd-3c6a-4792-8ba1-da30a7efc7bf","block_type":"box","text":"view as benefiting from demand arising from electrification,","page_number":31,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"1f7db204-2cb8-4cdc-a881-915728089a16","block_type":"box","text":"as well as tightening global supply.","page_number":31,"box":{"x":42,"y":469,"width":256,"height":12}},{"id":"2cf77776-513c-4643-9d9b-2968e90e53ac","block_type":"box","text":"SK Hynix was also added to portfolios, reflecting our","page_number":31,"box":{"x":43,"y":494,"width":449,"height":12}},{"id":"7c8e1552-fed9-4c52-8d6f-fc7359392e45","block_type":"box","text":"expectation that the memory cycle will prove more extended","page_number":31,"box":{"x":42,"y":509,"width":450,"height":11}},{"id":"a1b690e1-398b-4aa7-a102-a45e94414f97","block_type":"box","text":"than prior cycles, with the position also providing a hedge","page_number":31,"box":{"x":42,"y":523,"width":450,"height":11}},{"id":"4ce1141d-6a86-4b34-b751-d4782daf2283","block_type":"box","text":"on memory risk and improving overall sub-fund volatility","page_number":31,"box":{"x":42,"y":537,"width":450,"height":11}},{"id":"64b3fe0e-3440-40a1-997e-3ad173f21182","block_type":"box","text":"characteristics.","page_number":31,"box":{"x":42,"y":552,"width":110,"height":8}},{"id":"6b5278bf-0596-45b8-8728-29b8e0c40bc2","block_type":"box","text":"We started a position in Citigroup, a global bank which is","page_number":31,"box":{"x":42,"y":576,"width":450,"height":12}},{"id":"cb1e63b6-409b-4c88-a668-8321378c3aa3","block_type":"box","text":"reaching the end of a multi-year restructuring plan. The firm","page_number":31,"box":{"x":43,"y":591,"width":449,"height":11}},{"id":"d55676a6-41fe-4c94-9784-98d052e2595a","block_type":"box","text":"now has a greater focus on growth. We see signs of progress","page_number":31,"box":{"x":43,"y":605,"width":449,"height":11}},{"id":"ec38d2cf-451a-4355-b8b3-9a30f8cf1bd9","block_type":"box","text":"towards this goal, and valuations are supportive, making it","page_number":31,"box":{"x":42,"y":619,"width":450,"height":11}},{"id":"6fdb8ae2-e605-43a1-8ebb-dbe7ff2803c5","block_type":"box","text":"one of the cheaper financial stocks in the US.","page_number":31,"box":{"x":42,"y":633,"width":335,"height":11}},{"id":"d46b17e8-31ad-47c3-8185-274aa57c47b4","block_type":"box","text":"We completed the sale of our holding in lift manufacturer","page_number":31,"box":{"x":42,"y":658,"width":450,"height":12}},{"id":"18fdfb5d-2880-40cb-85e8-e75de5ad7bdb","block_type":"box","text":"Otis Worldwide. We felt that the company faced headwinds","page_number":31,"box":{"x":43,"y":672,"width":449,"height":12}},{"id":"f6679c59-7436-477e-8c3c-25c55f86f062","block_type":"box","text":"in its service business, which could act as a drag on its future","page_number":31,"box":{"x":43,"y":687,"width":444,"height":11}},{"id":"ff0517ef-7cd6-482f-8627-9b3ead37d551","block_type":"box","text":"financial performance.","page_number":31,"box":{"x":42,"y":701,"width":164,"height":11}},{"id":"bcca9ee3-e135-4231-bf39-094cfa19d966","block_type":"box","text":"Another disposal was Fortinet, a US-based cybersecurity","page_number":31,"box":{"x":42,"y":726,"width":445,"height":11}},{"id":"79feff13-1565-4ff1-8a4a-4371628a65f0","block_type":"box","text":"company. We reassessed our conviction in the software","page_number":31,"box":{"x":42,"y":740,"width":445,"height":11}},{"id":"69e79222-1b0e-44cd-b319-acbd78564e93","block_type":"box","text":"sector's resilience amid accelerating disruption from AI.","page_number":31,"box":{"x":42,"y":754,"width":444,"height":12}},{"id":"050b904d-be4a-4b4a-9fa5-08c9c68df687","block_type":"box","text":"We believe the broader software sector faces structural","page_number":31,"box":{"x":42,"y":769,"width":444,"height":9}},{"id":"7708e5c1-1978-4563-8b7c-90079fac8be8","block_type":"box","text":"headwinds as AI increasingly automates and displaces","page_number":31,"box":{"x":43,"y":783,"width":444,"height":11}},{"id":"29a0ad92-783b-454b-b499-d945a11756da","block_type":"box","text":"traditional software-based solutions.","page_number":31,"box":{"x":42,"y":797,"width":266,"height":9}},{"id":"cf06c5ea-1b07-41b0-92c8-3105fac3ee06","block_type":"box","text":"We also exited the position in professional services firm","page_number":31,"box":{"x":42,"y":822,"width":444,"height":11}},{"id":"c0060d8e-9fd5-483b-a77f-27f44c45be4e","block_type":"box","text":"Marsh & McLennan Cos. We had lost confidence in the firm’s","page_number":31,"box":{"x":43,"y":836,"width":444,"height":9}},{"id":"490f1a24-75cf-4a78-8e8a-47ad00584e33","block_type":"box","text":"ability to withstand the impact of AI on its business model.","page_number":31,"box":{"x":42,"y":851,"width":433,"height":11}},{"id":"12c139da-bf42-47f0-b880-18e370cf3fce","block_type":"box","text":"Outlook","page_number":31,"box":{"x":512,"y":79,"width":63,"height":9}},{"id":"30ba11b3-f3cb-4aa2-8b44-b1c44ac0af14","block_type":"box","text":"Global equity markets had been supported by easing oil","page_number":31,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"0599ddbe-8db7-4dec-a518-79f2759e7db6","block_type":"box","text":"supply concerns and major stock market listings by large","page_number":31,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"41209686-ac0d-43e6-969e-05cd32d5a68b","block_type":"box","text":"technology companies, and investor confidence was","page_number":31,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"d8ed722e-1105-4698-9b3b-220502e36ce5","block_type":"box","text":"returning. However, as we enter the second half of the","page_number":31,"box":{"x":513,"y":136,"width":449,"height":11}},{"id":"cddc053d-ce65-410d-a319-63a4663d3b3d","block_type":"box","text":"period, a renewed flare up in conflict between the US and","page_number":31,"box":{"x":513,"y":150,"width":449,"height":12}},{"id":"34aabe49-2435-425c-80d9-2d90d075b1a3","block_type":"box","text":"Iran brings fresh uncertainty and we will be keeping a close","page_number":31,"box":{"x":513,"y":165,"width":449,"height":11}},{"id":"e5a07780-1fd8-4102-8992-28bc9a982b92","block_type":"box","text":"eye on the wider consequences.","page_number":31,"box":{"x":512,"y":179,"width":245,"height":11}},{"id":"0d647ab1-5796-47cb-a65c-b70fb795bf45","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":31,"box":{"x":512,"y":204,"width":450,"height":11}},{"id":"55edafa5-67fd-4d06-95dc-48c31644ae37","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":31,"box":{"x":513,"y":218,"width":449,"height":11}},{"id":"d7a99a71-d34b-446d-8c37-9da87ef7d080","block_type":"box","text":"offering), with Anthropic expected to follow later this year, and","page_number":31,"box":{"x":512,"y":232,"width":450,"height":12}},{"id":"a3323796-34d2-4121-bbb9-f1b3d735dc1c","block_type":"box","text":"OpenAI potentially waiting until 2027. However, questions","page_number":31,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"716003a3-67db-4dfe-a7fe-f765926124d2","block_type":"box","text":"remain about the future valuations of these companies and","page_number":31,"box":{"x":513,"y":261,"width":449,"height":11}},{"id":"6cec31f7-d38a-406f-8c1c-6524d661971b","block_type":"box","text":"whether markets can absorb the new supply of shares. More","page_number":31,"box":{"x":512,"y":275,"width":450,"height":11}},{"id":"b38c6eb2-0fcf-46d4-90c1-d8d832d4f133","block_type":"box","text":"broadly, equity markets are being supported by potential","page_number":31,"box":{"x":513,"y":290,"width":449,"height":11}},{"id":"3fb58468-f4a4-45d2-8c03-d8603924fcd8","block_type":"box","text":"long-term AI-linked productivity gains and AI-driven demand","page_number":31,"box":{"x":513,"y":304,"width":449,"height":11}},{"id":"c83dd533-2817-4dda-ac41-379343687806","block_type":"box","text":"for new data centres.","page_number":31,"box":{"x":512,"y":318,"width":155,"height":9}},{"id":"1db9edc5-4a9a-4946-8ab6-b84640ac0f08","block_type":"box","text":"We continue to focus on high-quality companies with","page_number":31,"box":{"x":512,"y":343,"width":450,"height":11}},{"id":"53f0d211-1c9e-4225-8c38-3259c8aba69f","block_type":"box","text":"higher returns on equity, stable earnings growth and lower","page_number":31,"box":{"x":513,"y":357,"width":449,"height":11}},{"id":"9d3b98fb-88c8-4ad1-8ce4-3e4193f39c11","block_type":"box","text":"borrowings, which should offer some downside protection in","page_number":31,"box":{"x":513,"y":371,"width":449,"height":12}},{"id":"a6d384e0-b074-4ab7-8990-c8c015b379b2","block_type":"box","text":"case of economic headwinds.","page_number":31,"box":{"x":512,"y":386,"width":218,"height":9}},{"id":"c875b5ad-1b81-4958-ba32-4c6a71297405","block_type":"box","text":"Tom Wildgoose","page_number":31,"box":{"x":512,"y":461,"width":114,"height":11}},{"id":"413c816c-ebcd-4f75-b9d7-153606fd08bb","block_type":"box","text":"Senior Portfolio Manager – Global Equities","page_number":31,"box":{"x":512,"y":475,"width":316,"height":11}},{"id":"d17c8c3d-3815-4fea-94ad-d2366ab2e048","block_type":"box","text":"Sarasin & Partners LLP","page_number":31,"box":{"x":512,"y":489,"width":174,"height":9}},{"id":"1500c443-7332-4131-8877-0f1569ebefb7","block_type":"box","text":"28 July 2026","page_number":31,"box":{"x":512,"y":503,"width":94,"height":12}},{"id":"9c09915c-6e53-4b39-865b-9b53ce9bbc23","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":31,"box":{"x":512,"y":538,"width":445,"height":9}},{"id":"a1278cd8-eb91-4166-b6ee-6416ba49c139","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":31,"box":{"x":511,"y":549,"width":446,"height":9}},{"id":"1b9d2dc9-5202-40db-8ccf-b046f72437c8","block_type":"box","text":"without notice.","page_number":31,"box":{"x":512,"y":561,"width":84,"height":7}},{"id":"0cb824f2-3f87-4bf7-b065-1d911b031013","block_type":"box","text":"Top 10 purchases during the period","page_number":31,"box":{"x":512,"y":586,"width":283,"height":11}},{"id":"59117ae3-1687-4a4d-b5f6-09cfc79a7233","block_type":"box","text":"BHP Group","page_number":31,"box":{"x":513,"y":599,"width":83,"height":11}},{"id":"01a1b0d4-54cf-4ad2-979c-7c390b2bb10b","block_type":"box","text":"Shell","page_number":31,"box":{"x":512,"y":612,"width":36,"height":9}},{"id":"10e0c7b1-109a-4420-b92f-e9ec78e0a516","block_type":"box","text":"National Bank of Greece","page_number":31,"box":{"x":513,"y":626,"width":181,"height":8}},{"id":"8cf69598-823a-4c98-850e-863c8270c10d","block_type":"box","text":"EssilorLuxottica","page_number":31,"box":{"x":513,"y":639,"width":115,"height":9}},{"id":"db02af81-094c-4e73-bda1-261b45727f03","block_type":"box","text":"SK Hynix","page_number":31,"box":{"x":512,"y":652,"width":69,"height":12}},{"id":"d9bc56c9-3004-491c-a3fb-4a8d629c44ef","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":31,"box":{"x":512,"y":666,"width":395,"height":11}},{"id":"ca7314b4-46c3-4df8-b596-d01da12083af","block_type":"box","text":"Duke Energy","page_number":31,"box":{"x":513,"y":679,"width":96,"height":11}},{"id":"866c3194-643b-461a-8fcc-002e4c33e813","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":31,"box":{"x":513,"y":693,"width":195,"height":11}},{"id":"79349957-2cd5-4672-bf8c-2921a51d2e72","block_type":"box","text":"AIA Group","page_number":31,"box":{"x":512,"y":706,"width":76,"height":11}},{"id":"4d5f5848-6c08-471d-b062-d37470864a76","block_type":"box","text":"Ecolab","page_number":31,"box":{"x":513,"y":719,"width":49,"height":9}},{"id":"53b83cf5-a07a-4103-bbed-f289611526a4","block_type":"box","text":"Top 10 sales during the period","page_number":31,"box":{"x":512,"y":739,"width":241,"height":11}},{"id":"f2064d2a-91e4-4cc1-9462-cdddb2d4a820","block_type":"box","text":"Alphabet 'A'","page_number":31,"box":{"x":512,"y":752,"width":87,"height":11}},{"id":"1d818956-0209-4a87-b344-fd10ce79d631","block_type":"box","text":"NVIDIA","page_number":31,"box":{"x":513,"y":765,"width":55,"height":9}},{"id":"4cfc97df-5d35-45cb-8d5d-684a74dd5c7f","block_type":"box","text":"Marsh & McLennan Cos","page_number":31,"box":{"x":513,"y":779,"width":178,"height":9}},{"id":"4cc2aa1d-0b4c-4f30-abc6-777cbc9ab4e1","block_type":"box","text":"Keyence","page_number":31,"box":{"x":513,"y":792,"width":63,"height":11}},{"id":"118e9cb6-8742-4d38-89d5-40323f20884c","block_type":"box","text":"Schneider Electric","page_number":31,"box":{"x":512,"y":805,"width":135,"height":9}},{"id":"e986f38a-6323-4f7c-bf6d-c5e39270c0f7","block_type":"box","text":"Colgate-Palmolive","page_number":31,"box":{"x":512,"y":819,"width":135,"height":11}},{"id":"7eaf3fe0-4308-4e47-8604-374120325045","block_type":"box","text":"Ross Stores","page_number":31,"box":{"x":513,"y":832,"width":89,"height":9}},{"id":"bcb71c53-03fa-4b1c-89c6-83dc1bdcf72b","block_type":"box","text":"Otis Worldwide","page_number":31,"box":{"x":512,"y":846,"width":112,"height":8}},{"id":"33fa78a7-6ba4-4ddb-a932-08e0305bdc3d","block_type":"box","text":"Meta Platforms 'A'","page_number":31,"box":{"x":513,"y":859,"width":133,"height":9}},{"id":"9e6c5f83-11d5-4388-91ed-c1686e571383","block_type":"box","text":"Fortinet","page_number":31,"box":{"x":513,"y":873,"width":55,"height":8}},{"id":"e3299530-14cf-4880-bff4-a610baf7af7e","block_type":"box","text":"Investment Review (continued)","page_number":31,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"e7d3ae7e-bbaf-4dda-8f7d-68c54c9cc7cc","block_type":"box","text":"31","page_number":32,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"b28746ef-5629-4bde-89e5-466fb369dc4c","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":32,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"f94a9c0a-5d59-4927-811f-8e2cc9ce18d4","block_type":"box","text":"Sub-fund Information","page_number":32,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"f0920bf8-8aa9-4edf-86c0-53fd0edf8e04","block_type":"box","text":"Risk and Reward Profile","page_number":32,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"81a5594d-c860-44ef-a12c-b04606bb39f8","block_type":"box","text":"0","page_number":32,"box":{"x":71,"y":170,"width":8,"height":8}},{"id":"2b8da759-f261-48b8-a461-10b6cb76a0a4","block_type":"box","text":"Lower2","page_number":32,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"d31b2faf-b009-48d7-a2a2-82d6450f6e09","block_type":"box","text":"er2","page_number":32,"box":{"x":72,"y":145,"width":6,"height":8}},{"id":"63582e78-06f8-4b96-89a1-567ad74861f6","block_type":"box","text":"risk","page_number":32,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"185a945a-f1a3-4e8c-8078-6c03ef05a107","block_type":"box","text":"Higher","page_number":32,"box":{"x":887,"y":145,"width":42,"height":9}},{"id":"6d66edb6-77eb-407e-9e53-8d0bd22942c0","block_type":"box","text":"risk","page_number":32,"box":{"x":934,"y":145,"width":23,"height":7}},{"id":"626678be-b329-416a-b438-0cf0dd9f5449","block_type":"box","text":"Typically","page_number":32,"box":{"x":42,"y":156,"width":52,"height":9}},{"id":"6818b128-e937-4c72-be93-78df47af82fc","block_type":"box","text":"lower rewards","page_number":32,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"c6db700b-d681-4ee5-b2f5-318287df92fe","block_type":"box","text":"Typically","page_number":32,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"b143ff95-041b-4d79-8f4e-8c714c643035","block_type":"box","text":"higher rewards","page_number":32,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"b2b0f034-5819-42e8-9d21-7b2bd4ed534e","block_type":"box","text":"1","page_number":32,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"19c779e1-d498-4ca3-9ef8-578e030f00e1","block_type":"box","text":"2","page_number":32,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"35d1e043-893d-4976-a764-d1ab62912355","block_type":"box","text":"3","page_number":32,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"fbb59532-91d8-4353-b658-a997f5a9008b","block_type":"box","text":"4","page_number":32,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"7e80f287-b903-4385-aa4d-34e0b0a2c711","block_type":"box","text":"5","page_number":32,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"9f346f2e-dbbf-40e2-928c-cc10c80bc83f","block_type":"box","text":"6","page_number":32,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"c8ff4f36-ae2d-45fc-ae12-092dc56e5885","block_type":"box","text":"7","page_number":32,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"d36f06ff-492d-4bab-9bcd-1a6e05945956","block_type":"box","text":"•","page_number":32,"box":{"x":43,"y":217,"width":4,"height":3}},{"id":"9f2a36e2-32b2-425a-8a47-4c7c57e97929","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":32,"box":{"x":67,"y":214,"width":445,"height":12}},{"id":"2b451b9f-5ab8-4c48-8d77-2787ba1db4db","block_type":"box","text":"•","page_number":32,"box":{"x":43,"y":232,"width":4,"height":3}},{"id":"77185129-947d-4389-82b4-01a313ccb42b","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":32,"box":{"x":66,"y":229,"width":498,"height":11}},{"id":"7221a77a-80dd-40fa-a779-9002d2ec457a","block_type":"box","text":"•","page_number":32,"box":{"x":43,"y":246,"width":4,"height":3}},{"id":"1d197bf0-1d5e-4c64-8af6-23c0ff32b51e","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":32,"box":{"x":66,"y":243,"width":342,"height":11}},{"id":"671439c5-a390-45f1-b32c-5707aa2bc269","block_type":"box","text":"The Risk and Reward Indicator","page_number":32,"box":{"x":42,"y":268,"width":250,"height":9}},{"id":"78abbb74-88e4-43ef-b694-00a98c81a8c3","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":32,"box":{"x":42,"y":282,"width":920,"height":11}},{"id":"db2b12f0-12c2-4ebc-a68a-de3779536b4e","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":32,"box":{"x":43,"y":296,"width":919,"height":12}},{"id":"4f32f5d8-cb8e-41fb-9b45-871645a1d28e","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":32,"box":{"x":42,"y":311,"width":920,"height":11}},{"id":"65f528cd-9782-484e-8bc9-92454aa9690f","block_type":"box","text":"but the greater the risk of losing money.","page_number":32,"box":{"x":43,"y":325,"width":291,"height":11}},{"id":"b2b0eaf3-a567-41db-a3bf-4f03fac71dab","block_type":"box","text":"The sub-fund is ranked at 5 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":32,"box":{"x":42,"y":350,"width":920,"height":11}},{"id":"0add05f0-0bd8-41f8-a28f-c28ad4d1e29d","block_type":"box","text":"higher levels of volatility historically.","page_number":32,"box":{"x":43,"y":364,"width":267,"height":11}},{"id":"c3494fdc-7015-458c-85a4-a181ae3dfe1a","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":32,"box":{"x":42,"y":389,"width":500,"height":11}},{"id":"bb212608-58c7-46a2-96af-f140703cf1c7","block_type":"box","text":"Emerging Markets Risk:","page_number":32,"box":{"x":43,"y":403,"width":194,"height":11}},{"id":"9fb833c1-d0bb-484a-9081-eafb10320c0c","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":32,"box":{"x":237,"y":403,"width":725,"height":11}},{"id":"b42d4e9d-8559-48c9-b5ab-ccb65e009724","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":32,"box":{"x":43,"y":417,"width":919,"height":12}},{"id":"9740a18e-75c4-4888-b5eb-78061de27eb5","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":32,"box":{"x":42,"y":432,"width":777,"height":11}},{"id":"47485ffa-5b40-477c-b02b-50bbbc2a0d0b","block_type":"box","text":"Operational Risk:","page_number":32,"box":{"x":43,"y":457,"width":138,"height":11}},{"id":"c3d6e719-cdea-4558-a46e-9df539f7005a","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":32,"box":{"x":181,"y":457,"width":781,"height":11}},{"id":"370d10a6-c913-417d-9eeb-a8662ea09323","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":32,"box":{"x":43,"y":471,"width":894,"height":11}},{"id":"180a50a7-b923-46cd-9c9d-0158252dd200","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":32,"box":{"x":43,"y":496,"width":275,"height":11}},{"id":"e741b18c-1da3-4bf5-abfc-1c664b8eaa54","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":32,"box":{"x":318,"y":496,"width":644,"height":11}},{"id":"8b13651a-33bf-468d-9dad-8656960ea7d2","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":32,"box":{"x":43,"y":510,"width":423,"height":11}},{"id":"80fb3e72-4261-4ffd-9a72-49d61fd14117","block_type":"box","text":"Charges deducted from capital:","page_number":32,"box":{"x":43,"y":535,"width":248,"height":11}},{"id":"f8d21d0f-ae85-44b5-b710-426de2a86791","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":32,"box":{"x":291,"y":535,"width":665,"height":11}},{"id":"5a21cd0e-c40f-4daa-8733-b6c0ae04fb20","block_type":"box","text":"32","page_number":33,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"6b2998f7-b638-41e7-b196-9adcd8f06d33","block_type":"box","text":"33","page_number":33,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"ff8410ba-776b-4747-9689-582df99e0017","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":33,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"565310da-3b41-4c39-b984-028143b61b39","block_type":"box","text":"Portfolio Statement","page_number":33,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"d12af241-e854-41d4-9e0a-4d6639d6d588","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":33,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"2b85163e-49cc-4fd1-9869-9c81570984a5","block_type":"box","text":"Holding","page_number":33,"box":{"x":147,"y":147,"width":48,"height":9}},{"id":"c9a32d4e-1592-4861-8af5-99eb1238e795","block_type":"box","text":"Investment","page_number":33,"box":{"x":230,"y":147,"width":70,"height":7}},{"id":"e5ce9eef-374e-47bd-992d-ad52e4bcfabd","block_type":"box","text":"Market","page_number":33,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"d74bfc14-64f3-4dae-b764-de8e61c93f17","block_type":"box","text":"Value","page_number":33,"box":{"x":765,"y":136,"width":35,"height":7}},{"id":"925390e8-57ec-4101-947c-3566a44a4ee7","block_type":"box","text":"£","page_number":33,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"8903b821-a097-4360-8e26-ca2f8827c284","block_type":"box","text":"% of","page_number":33,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"47a60d13-b0a4-4775-bd1b-74902666faf0","block_type":"box","text":"Net Assets","page_number":33,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"97d81b4d-9111-45d3-ae3c-c9f1609abdd3","block_type":"box","text":"Digitalisation","page_number":33,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"26617e20-9e46-46e4-9f40-1d0d89b8580d","block_type":"box","text":"37.21% (31 December 2025 - 37.25%)","page_number":33,"box":{"x":147,"y":179,"width":295,"height":11}},{"id":"6fdcb5d8-4a34-4b62-8370-99480c9c4653","block_type":"box","text":"50,171","page_number":33,"box":{"x":145,"y":198,"width":48,"height":10}},{"id":"c92492b8-ca02-4b53-b06d-6799fe08426a","block_type":"box","text":"Alphabet 'A'","page_number":33,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"c1e7e9a7-e115-4c2f-90e2-43eb4c3378a4","block_type":"box","text":"13,503,256","page_number":33,"box":{"x":718,"y":198,"width":81,"height":10}},{"id":"0a488548-cbe6-4e21-badb-33c32f6226ae","block_type":"box","text":"4.48","page_number":33,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"483e3a65-cd50-4272-a693-6fb3206b706c","block_type":"box","text":"67,932","page_number":33,"box":{"x":145,"y":213,"width":50,"height":10}},{"id":"4a74860e-f84b-4791-aad1-9b05384309a4","block_type":"box","text":"Amazon.com","page_number":33,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"ca18524b-6b05-4a5b-a194-73995237e4ce","block_type":"box","text":"12,320,572","page_number":33,"box":{"x":718,"y":213,"width":81,"height":10}},{"id":"e4f14e68-d7be-4cf9-883a-e6fd90ae32cd","block_type":"box","text":"4.09","page_number":33,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"390f4e37-54fa-45e9-a591-a205f1d95ec6","block_type":"box","text":"54,191","page_number":33,"box":{"x":145,"y":229,"width":48,"height":10}},{"id":"60dd0c95-3a86-4337-803c-a84bd8afe007","block_type":"box","text":"Apple","page_number":33,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"1e1f8fc8-1a70-4558-860a-ea68af96bd5e","block_type":"box","text":"12,501,557","page_number":33,"box":{"x":718,"y":229,"width":81,"height":10}},{"id":"12c8dc4b-6d00-4c77-b589-2f7888c1ddaf","block_type":"box","text":"4.15","page_number":33,"box":{"x":925,"y":229,"width":32,"height":8}},{"id":"17b92178-4908-4c30-a6db-70f1b7199456","block_type":"box","text":"11,800","page_number":33,"box":{"x":147,"y":244,"width":48,"height":10}},{"id":"aef1a579-9472-459d-92cd-d1e754a98db2","block_type":"box","text":"Disco","page_number":33,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"16f018f3-b37d-41ad-9fbf-8c65e58496cb","block_type":"box","text":"4,195,028","page_number":33,"box":{"x":726,"y":244,"width":73,"height":10}},{"id":"dfb9f4b4-74ea-40c9-bad2-208fef6e3570","block_type":"box","text":"1.39","page_number":33,"box":{"x":926,"y":244,"width":30,"height":9}},{"id":"27d36dd2-cac6-4837-8285-72c95b5fb954","block_type":"box","text":"24,400","page_number":33,"box":{"x":145,"y":259,"width":50,"height":11}},{"id":"e49f8140-ca1c-4308-aa00-5148a07b88a7","block_type":"box","text":"Hoya","page_number":33,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"cab92c70-dabc-4007-b4ba-62d54318fc07","block_type":"box","text":"2,935,659","page_number":33,"box":{"x":726,"y":259,"width":73,"height":11}},{"id":"0c229f8f-4914-45ac-9710-0d0a1ce1d33f","block_type":"box","text":"0.97","page_number":33,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"b46c002a-e50c-4239-ac78-63e887c54c88","block_type":"box","text":"79,121","page_number":33,"box":{"x":145,"y":275,"width":48,"height":10}},{"id":"0893b8bf-1e52-4eeb-ab90-3e31d9ab3576","block_type":"box","text":"London Stock Exchange Group","page_number":33,"box":{"x":230,"y":274,"width":232,"height":12}},{"id":"ea2703b5-1a05-4479-afbe-737b3dc0987f","block_type":"box","text":"6,856,626","page_number":33,"box":{"x":726,"y":275,"width":73,"height":10}},{"id":"52d79d2b-0bcf-4809-8b6f-edaa0c4f2434","block_type":"box","text":"2.27","page_number":33,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"cc254c65-3c83-487b-b801-5a9d7a5cc46a","block_type":"box","text":"19,756","page_number":33,"box":{"x":146,"y":290,"width":49,"height":10}},{"id":"096acc5a-7da9-45e0-ac62-87af0609341f","block_type":"box","text":"Mastercard 'A'","page_number":33,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"0aff1f89-02d2-403b-be0c-8f3091253236","block_type":"box","text":"7,976,054","page_number":33,"box":{"x":726,"y":290,"width":73,"height":10}},{"id":"e7ac4f49-c1f1-47b3-8a30-7651520e07d9","block_type":"box","text":"2.64","page_number":33,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"a8ce1077-8f0c-4068-af24-3255b204d01e","block_type":"box","text":"13,963","page_number":33,"box":{"x":146,"y":305,"width":49,"height":11}},{"id":"2d0a04c5-ebd3-4e07-81f2-111ac9b0f871","block_type":"box","text":"Meta Platforms 'A'","page_number":33,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"e95b7a83-0be4-4105-afe9-ff47d9d381b6","block_type":"box","text":"6,090,616","page_number":33,"box":{"x":726,"y":305,"width":73,"height":11}},{"id":"08cb8b98-e752-4406-a794-533f42c924f3","block_type":"box","text":"2.02","page_number":33,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"6db87a96-540a-4c83-b611-86af0758ccfa","block_type":"box","text":"52,369","page_number":33,"box":{"x":145,"y":321,"width":50,"height":10}},{"id":"7d8bce88-242c-44cf-b70a-0c2a2f26f970","block_type":"box","text":"Microsoft","page_number":33,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"ab01b237-9ffa-4ab0-afde-b7a2e0dfabf0","block_type":"box","text":"15,275,319","page_number":33,"box":{"x":718,"y":321,"width":81,"height":10}},{"id":"2f46aaff-09ea-43c1-9d1d-9e85c41e5854","block_type":"box","text":"5.07","page_number":33,"box":{"x":925,"y":321,"width":31,"height":8}},{"id":"52afbb59-66f2-4f48-97d1-5a1ed5c29194","block_type":"box","text":"11,081","page_number":33,"box":{"x":147,"y":336,"width":46,"height":10}},{"id":"b1faa054-dee1-4387-973a-cc35dd8a484a","block_type":"box","text":"Moody's","page_number":33,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"481ebefd-2e13-4639-ba65-629e8c3139fe","block_type":"box","text":"4,065,895","page_number":33,"box":{"x":726,"y":336,"width":73,"height":10}},{"id":"c2f5cf51-749a-4fa6-8988-45c7d477cd97","block_type":"box","text":"1.35","page_number":33,"box":{"x":926,"y":336,"width":31,"height":9}},{"id":"895a66be-c918-4314-b444-0e0261d65e7a","block_type":"box","text":"90,710","page_number":33,"box":{"x":145,"y":351,"width":50,"height":11}},{"id":"a03fa900-b4e5-4d8a-9ffe-8be57b2ceded","block_type":"box","text":"Netflix","page_number":33,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"0df521d8-f237-493a-8616-1377d511a513","block_type":"box","text":"5,269,091","page_number":33,"box":{"x":726,"y":351,"width":71,"height":11}},{"id":"8241ac0b-1a41-4d9a-a4f9-a7569b7712f4","block_type":"box","text":"1.75","page_number":33,"box":{"x":926,"y":351,"width":31,"height":9}},{"id":"4e67c350-e86e-44b3-b421-4971f8eedeb5","block_type":"box","text":"6,775","page_number":33,"box":{"x":154,"y":367,"width":41,"height":10}},{"id":"071ea154-e041-40a3-90b5-ba5fe805cb4c","block_type":"box","text":"SK Hynix","page_number":33,"box":{"x":230,"y":367,"width":68,"height":11}},{"id":"b02ec34b-4f1b-48fe-8753-0da9cdd6ab51","block_type":"box","text":"8,044,141","page_number":33,"box":{"x":726,"y":367,"width":71,"height":10}},{"id":"25e92fda-e6b2-4f92-9c0a-4c76a237d834","block_type":"box","text":"2.67","page_number":33,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"1917fb39-b792-4bce-952e-97737f940ff5","block_type":"box","text":"576,200","page_number":33,"box":{"x":136,"y":382,"width":59,"height":10}},{"id":"86e9cadb-add4-4d65-924d-bb3060481449","block_type":"box","text":"Sunny Optical Technology","page_number":33,"box":{"x":230,"y":382,"width":193,"height":11}},{"id":"d5215d09-46a7-435d-880b-9ab55d507429","block_type":"box","text":"3,299,897","page_number":33,"box":{"x":726,"y":382,"width":73,"height":10}},{"id":"9ce4fab7-f9ba-474f-bec5-5acaf62fb574","block_type":"box","text":"1.09","page_number":33,"box":{"x":926,"y":382,"width":30,"height":9}},{"id":"7cab5e1c-088f-419b-976c-ac4bee57a8ab","block_type":"box","text":"152,800","page_number":33,"box":{"x":137,"y":397,"width":58,"height":11}},{"id":"ceeaeb7f-6eaa-43fb-a2fd-34dde33960ba","block_type":"box","text":"Tencent Holdings","page_number":33,"box":{"x":229,"y":398,"width":128,"height":11}},{"id":"2b60b447-fc71-4412-99a0-5061d6242e09","block_type":"box","text":"6,288,949","page_number":33,"box":{"x":726,"y":397,"width":73,"height":11}},{"id":"a264f1d9-e053-46f2-9150-0eaeadb0947c","block_type":"box","text":"2.09","page_number":33,"box":{"x":925,"y":397,"width":31,"height":9}},{"id":"cede8eed-8777-48c1-b0ef-2e91f8887f1a","block_type":"box","text":"63,800","page_number":33,"box":{"x":145,"y":413,"width":50,"height":10}},{"id":"adae87b2-3916-4c20-a272-9fad0a3d289d","block_type":"box","text":"Uber Technologies","page_number":33,"box":{"x":230,"y":413,"width":137,"height":11}},{"id":"47e33675-f331-49ff-a6aa-0261a436f35b","block_type":"box","text":"3,554,554","page_number":33,"box":{"x":726,"y":413,"width":73,"height":10}},{"id":"235000b9-1035-4e20-af1d-055b9d28735e","block_type":"box","text":"1.18","page_number":33,"box":{"x":926,"y":413,"width":30,"height":9}},{"id":"a91b22d9-cf26-4d75-840b-160f5a71aa41","block_type":"box","text":"112,177,214","page_number":33,"box":{"x":709,"y":431,"width":91,"height":10}},{"id":"e68d4f5c-a10f-426e-a745-bc0eb76184c7","block_type":"box","text":"37.21","page_number":33,"box":{"x":916,"y":431,"width":38,"height":9}},{"id":"affbaad7-c4a9-4af6-9c1d-80c12615ef16","block_type":"box","text":"Automation","page_number":33,"box":{"x":42,"y":462,"width":92,"height":9}},{"id":"0f3dc36e-8ddb-481a-873c-7d9817a29aaf","block_type":"box","text":"18.20% (31 December 2025 - 19.30%)","page_number":33,"box":{"x":135,"y":462,"width":295,"height":11}},{"id":"742cc620-4b1e-4c88-97ed-4b7b065a69e3","block_type":"box","text":"6,312","page_number":33,"box":{"x":154,"y":480,"width":41,"height":11}},{"id":"11246d89-37e9-479b-b5f4-21d39f31fda0","block_type":"box","text":"ASML Holding","page_number":33,"box":{"x":229,"y":480,"width":105,"height":12}},{"id":"2edabfab-2d06-478e-aee1-5f3c891464e5","block_type":"box","text":"8,836,249","page_number":33,"box":{"x":726,"y":480,"width":73,"height":11}},{"id":"11788b9f-0a48-4863-a176-90e7417f27a4","block_type":"box","text":"2.93","page_number":33,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"0431f364-bbff-4a36-9342-534cdc7cffc9","block_type":"box","text":"27,521","page_number":33,"box":{"x":145,"y":496,"width":48,"height":10}},{"id":"cf160f88-c267-48d3-b4df-daa02c3b2151","block_type":"box","text":"Broadcom","page_number":33,"box":{"x":230,"y":496,"width":74,"height":9}},{"id":"9c33c653-5646-4abf-9a72-15f1591c3d81","block_type":"box","text":"7,420,728","page_number":33,"box":{"x":726,"y":496,"width":73,"height":10}},{"id":"916ef9bb-8bbe-4294-9740-96132b6558fe","block_type":"box","text":"2.46","page_number":33,"box":{"x":925,"y":496,"width":31,"height":9}},{"id":"81fb8791-7967-4dee-b11e-f961c0935fc4","block_type":"box","text":"55,473","page_number":33,"box":{"x":145,"y":511,"width":50,"height":11}},{"id":"55a284e0-0514-44d9-b579-ad6d2aaf481f","block_type":"box","text":"Emerson Electric","page_number":33,"box":{"x":230,"y":511,"width":126,"height":9}},{"id":"50cf498e-0ec1-46bc-9c9d-5e4c31f860c4","block_type":"box","text":"5,771,766","page_number":33,"box":{"x":726,"y":511,"width":73,"height":11}},{"id":"78ab23f9-6cdf-470d-8f6a-719c3aaf84e8","block_type":"box","text":"1.92","page_number":33,"box":{"x":926,"y":511,"width":30,"height":9}},{"id":"b60c9871-c0f7-4f4c-a8a9-14eb8a8a8a4b","block_type":"box","text":"64,268","page_number":33,"box":{"x":145,"y":527,"width":50,"height":10}},{"id":"5cf45507-f57b-4a8c-85ac-9aef00df2847","block_type":"box","text":"Infineon Technologies","page_number":33,"box":{"x":230,"y":526,"width":160,"height":12}},{"id":"c0a71e75-e195-4315-a545-9a30b8b8a76d","block_type":"box","text":"4,265,049","page_number":33,"box":{"x":726,"y":527,"width":73,"height":10}},{"id":"cbed87d0-39fe-491f-9b7b-8b00595d3949","block_type":"box","text":"1.42","page_number":33,"box":{"x":926,"y":527,"width":30,"height":8}},{"id":"28dfb995-ab4f-4242-ad97-c8ec6bd57bc9","block_type":"box","text":"139,518","page_number":33,"box":{"x":137,"y":542,"width":58,"height":10}},{"id":"4a755574-d7fc-4494-a9af-f9b0035393d8","block_type":"box","text":"NVIDIA","page_number":33,"box":{"x":230,"y":542,"width":55,"height":9}},{"id":"d47362b6-8fc3-42ed-b942-f92d82c5bf17","block_type":"box","text":"20,314,320","page_number":33,"box":{"x":717,"y":542,"width":82,"height":10}},{"id":"c0ab8d42-d13f-43ac-a739-f55408ba8c87","block_type":"box","text":"6.74","page_number":33,"box":{"x":925,"y":542,"width":31,"height":9}},{"id":"878e33f1-7e65-4fca-9736-7480fc3f6850","block_type":"box","text":"9,948","page_number":33,"box":{"x":154,"y":557,"width":41,"height":11}},{"id":"89e07c35-bd6a-434b-867c-66cbdb804c82","block_type":"box","text":"Schneider Electric","page_number":33,"box":{"x":230,"y":557,"width":134,"height":9}},{"id":"9614a301-5e43-4e8c-8e02-bdafa1ee84a1","block_type":"box","text":"2,386,957","page_number":33,"box":{"x":726,"y":557,"width":73,"height":11}},{"id":"76f0098c-c520-42c6-98f3-c9fea3e806a4","block_type":"box","text":"0.79","page_number":33,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"26f64438-e8a0-41ad-9716-fbe71244d372","block_type":"box","text":"17,986","page_number":33,"box":{"x":146,"y":573,"width":49,"height":10}},{"id":"d2e68381-485e-4f49-bc16-dc37f55f3ffe","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":33,"box":{"x":229,"y":573,"width":395,"height":11}},{"id":"0b1c525c-6426-4cac-b257-f71207b35cf6","block_type":"box","text":"5,851,122","page_number":33,"box":{"x":726,"y":573,"width":73,"height":10}},{"id":"cb695622-cb29-4df0-a63a-56014ec6c50e","block_type":"box","text":"1.94","page_number":33,"box":{"x":926,"y":573,"width":30,"height":8}},{"id":"a393dd68-30f3-4626-acc4-43fad65670a9","block_type":"box","text":"54,846,191","page_number":33,"box":{"x":717,"y":591,"width":80,"height":10}},{"id":"c1f4b7d0-8597-4f67-97b0-fc687be6488b","block_type":"box","text":"18.20","page_number":33,"box":{"x":916,"y":591,"width":40,"height":8}},{"id":"0244acc6-611a-48d5-b5d9-1b258a7c4a7e","block_type":"box","text":"Ageing","page_number":33,"box":{"x":42,"y":622,"width":56,"height":11}},{"id":"866f81cc-1117-4e07-95cc-36c7207cd2a3","block_type":"box","text":"6.07% (31 December 2025 - 2.27%)","page_number":33,"box":{"x":99,"y":622,"width":276,"height":11}},{"id":"d42c980b-9f32-401b-84e9-fc39c9057199","block_type":"box","text":"745,600","page_number":33,"box":{"x":136,"y":640,"width":59,"height":11}},{"id":"d50e3d98-844b-40fb-ae1a-4a653f57c78e","block_type":"box","text":"AIA Group","page_number":33,"box":{"x":229,"y":640,"width":77,"height":11}},{"id":"6061d4af-2c03-4029-ab06-64b18c5c9618","block_type":"box","text":"5,213,021","page_number":33,"box":{"x":726,"y":640,"width":71,"height":11}},{"id":"449bf476-be3b-4333-b0ed-0a31f11ed373","block_type":"box","text":"1.73","page_number":33,"box":{"x":926,"y":640,"width":30,"height":9}},{"id":"7f7a3f76-7b3a-4065-9283-4806acdbdd4f","block_type":"box","text":"5,536","page_number":33,"box":{"x":154,"y":656,"width":41,"height":10}},{"id":"a3007ec1-e73f-45c4-992c-081cb5a0ba8e","block_type":"box","text":"BlackRock","page_number":33,"box":{"x":230,"y":656,"width":78,"height":8}},{"id":"761e4e93-7f12-4aa7-a4d4-2d509eea8c57","block_type":"box","text":"4,121,030","page_number":33,"box":{"x":726,"y":656,"width":73,"height":10}},{"id":"fd1bb59c-f9a5-4caa-bd85-08615f4badcb","block_type":"box","text":"1.37","page_number":33,"box":{"x":926,"y":656,"width":30,"height":8}},{"id":"98e7500e-7872-4b20-8a6d-7619de38c040","block_type":"box","text":"237,621","page_number":33,"box":{"x":135,"y":671,"width":58,"height":10}},{"id":"5d3673fc-300b-428f-9e69-687f20dd5351","block_type":"box","text":"GSK","page_number":33,"box":{"x":230,"y":671,"width":34,"height":9}},{"id":"546ef97f-04f5-48ea-ad1b-325c8476feda","block_type":"box","text":"4,785,687","page_number":33,"box":{"x":726,"y":671,"width":73,"height":10}},{"id":"3ae27c97-2ae3-44c3-ba10-a2a8c18e5353","block_type":"box","text":"1.59","page_number":33,"box":{"x":926,"y":671,"width":30,"height":9}},{"id":"47adcb88-be09-404b-abf4-c2b28e4eb15a","block_type":"box","text":"6,201","page_number":33,"box":{"x":154,"y":686,"width":39,"height":11}},{"id":"696a8164-a59b-4b58-a20f-dc9cd128344a","block_type":"box","text":"Intuitive Surgical","page_number":33,"box":{"x":230,"y":686,"width":121,"height":12}},{"id":"79efb900-97fb-493f-8f61-2bee36f361ba","block_type":"box","text":"1,977,263","page_number":33,"box":{"x":727,"y":686,"width":72,"height":11}},{"id":"b05893fd-c717-4475-b440-81b30bb52f25","block_type":"box","text":"0.65","page_number":33,"box":{"x":925,"y":687,"width":32,"height":8}},{"id":"3fdbe7df-3d2c-4a84-81ce-23eec43838db","block_type":"box","text":"21,844","page_number":33,"box":{"x":145,"y":702,"width":50,"height":10}},{"id":"ae46b875-4e08-4158-b8f7-221350c0c5ac","block_type":"box","text":"Straumann","page_number":33,"box":{"x":230,"y":702,"width":80,"height":9}},{"id":"7c01e273-c9b9-4330-8562-ece5ff680cb2","block_type":"box","text":"2,190,355","page_number":33,"box":{"x":726,"y":702,"width":73,"height":10}},{"id":"83bdd67b-07f0-428b-b958-cbde0e8042a7","block_type":"box","text":"0.73","page_number":33,"box":{"x":925,"y":702,"width":31,"height":9}},{"id":"dc6ca65b-d76e-424d-bee1-61f081b47753","block_type":"box","text":"18,287,356","page_number":33,"box":{"x":717,"y":720,"width":83,"height":10}},{"id":"1185c9c2-31d8-4b79-a91e-849f4b97beeb","block_type":"box","text":"6.07","page_number":33,"box":{"x":925,"y":720,"width":31,"height":8}},{"id":"33505dc6-6a82-4fb7-99ee-22e55560f23b","block_type":"box","text":"Evolving Consumption","page_number":33,"box":{"x":43,"y":751,"width":181,"height":11}},{"id":"b4de67e4-55b6-4268-a92a-e25655642678","block_type":"box","text":"14.34% (31 December 2025 - 20.59%)","page_number":33,"box":{"x":231,"y":751,"width":289,"height":11}},{"id":"28b18689-efb6-46f0-befc-f8e1797501dd","block_type":"box","text":"43,521","page_number":33,"box":{"x":144,"y":769,"width":49,"height":11}},{"id":"a07f2c99-786c-4b16-b528-f69158f27599","block_type":"box","text":"Colgate-Palmolive","page_number":33,"box":{"x":230,"y":769,"width":134,"height":12}},{"id":"d35f4fb4-115b-46ef-b18d-7cfe96274fd2","block_type":"box","text":"3,098,193","page_number":33,"box":{"x":726,"y":769,"width":73,"height":11}},{"id":"c78b5843-a33c-4dab-a4ae-5650aa69af25","block_type":"box","text":"1.03","page_number":33,"box":{"x":926,"y":769,"width":30,"height":9}},{"id":"a3e21159-9293-49c9-85da-e1a963e6b1b4","block_type":"box","text":"246,976","page_number":33,"box":{"x":135,"y":785,"width":60,"height":10}},{"id":"935bd0af-526f-49e9-847e-feadaf03401d","block_type":"box","text":"Compass Group","page_number":33,"box":{"x":230,"y":785,"width":120,"height":11}},{"id":"c3472785-fadd-4940-bc03-b1ca09dda8a4","block_type":"box","text":"6,047,976","page_number":33,"box":{"x":726,"y":785,"width":73,"height":10}},{"id":"5e28ece8-5cb5-4e7d-a6b3-9bda0e38da58","block_type":"box","text":"2.01","page_number":33,"box":{"x":925,"y":785,"width":29,"height":9}},{"id":"8eee5eec-fa27-4920-8420-6dc32b8f6cf4","block_type":"box","text":"8,813","page_number":33,"box":{"x":154,"y":800,"width":41,"height":10}},{"id":"7f549fb9-0b1c-49b1-8691-7ec56e351733","block_type":"box","text":"Costco Wholesale","page_number":33,"box":{"x":230,"y":800,"width":134,"height":9}},{"id":"db46be73-32f2-4903-a10c-5422164d79f6","block_type":"box","text":"6,274,499","page_number":33,"box":{"x":726,"y":800,"width":73,"height":10}},{"id":"a96207a6-78c7-4366-a694-6eeffe3674b0","block_type":"box","text":"2.08","page_number":33,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"9b23a6d0-771a-49e7-98ae-4cddafd1de32","block_type":"box","text":"36,563","page_number":33,"box":{"x":145,"y":815,"width":50,"height":11}},{"id":"a8dc9f5c-10c0-493a-bcbe-30c962daf374","block_type":"box","text":"EssilorLuxottica","page_number":33,"box":{"x":230,"y":816,"width":116,"height":8}},{"id":"f9d38b23-226f-44d0-822f-57eb21dbced0","block_type":"box","text":"5,393,500","page_number":33,"box":{"x":726,"y":815,"width":73,"height":11}},{"id":"ca5a8769-3f96-4d44-b853-86da80f4626d","block_type":"box","text":"1.79","page_number":33,"box":{"x":926,"y":815,"width":30,"height":9}},{"id":"4f1cf492-75d7-4e89-8104-0febbb0157c1","block_type":"box","text":"9,973","page_number":33,"box":{"x":154,"y":831,"width":41,"height":10}},{"id":"1214e258-3843-4b40-9944-4ead1fc7a6ad","block_type":"box","text":"Ferrari","page_number":33,"box":{"x":230,"y":831,"width":47,"height":9}},{"id":"1d6084c4-b28d-4ea7-930f-1ee939580896","block_type":"box","text":"2,829,087","page_number":33,"box":{"x":726,"y":831,"width":73,"height":10}},{"id":"2ed4856f-1a28-4942-bc37-437692ee0c4a","block_type":"box","text":"0.94","page_number":33,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"d8a8c2a0-948a-4e2d-b523-27bde6f071d4","block_type":"box","text":"752","page_number":33,"box":{"x":168,"y":846,"width":27,"height":9}},{"id":"ad6d93fa-bf6b-4df9-a0be-b9a2429df19a","block_type":"box","text":"Givaudan","page_number":33,"box":{"x":230,"y":846,"width":70,"height":9}},{"id":"c54392b7-61d9-4739-9318-3a63d72262ac","block_type":"box","text":"2,456,969","page_number":33,"box":{"x":726,"y":846,"width":73,"height":11}},{"id":"241d14fb-c748-4ceb-9a36-37d31fbb094e","block_type":"box","text":"0.81","page_number":33,"box":{"x":925,"y":846,"width":29,"height":9}},{"id":"0b75abcb-ff81-41fe-a3d6-a3af51da79f2","block_type":"box","text":"8,119","page_number":33,"box":{"x":156,"y":862,"width":39,"height":10}},{"id":"58dd7360-2366-48b8-96a2-56384e06eb9a","block_type":"box","text":"Home Depot","page_number":33,"box":{"x":230,"y":862,"width":93,"height":11}},{"id":"2ade9977-be98-4cb7-aea5-639f31d65eb3","block_type":"box","text":"2,174,731","page_number":33,"box":{"x":726,"y":862,"width":71,"height":10}},{"id":"a7bc979f-381e-47ae-ad67-ef3179fd0608","block_type":"box","text":"0.72","page_number":33,"box":{"x":925,"y":862,"width":31,"height":8}},{"id":"f401c750-8a1f-47d9-a522-f7beac2bbcb3","block_type":"box","text":"81,438","page_number":33,"box":{"x":145,"y":877,"width":50,"height":10}},{"id":"bdf374be-a39d-47be-8301-904ee9c78ed6","block_type":"box","text":"Industria de Diseno Textil","page_number":33,"box":{"x":230,"y":877,"width":185,"height":9}},{"id":"386fb445-1b1e-4ab9-b6e1-b061ef50623f","block_type":"box","text":"3,989,027","page_number":33,"box":{"x":726,"y":877,"width":73,"height":10}},{"id":"ba6fc80e-d966-4473-acfc-49c36c025c24","block_type":"box","text":"1.32","page_number":33,"box":{"x":926,"y":877,"width":30,"height":9}},{"id":"3211d144-6c7c-4d2e-8196-c484cbe98ce8","block_type":"box","text":"14,618","page_number":33,"box":{"x":146,"y":892,"width":49,"height":11}},{"id":"b5135bab-f7af-4a5d-b6ec-6e8c86ad5beb","block_type":"box","text":"L'Oreal","page_number":33,"box":{"x":230,"y":892,"width":51,"height":9}},{"id":"2fb901dc-fcfb-4cc5-8940-e2ef3e2cb480","block_type":"box","text":"4,787,897","page_number":33,"box":{"x":726,"y":892,"width":73,"height":11}},{"id":"018d5ca4-2ffd-4c72-a53d-57a331c3844b","block_type":"box","text":"1.59","page_number":33,"box":{"x":926,"y":892,"width":30,"height":9}},{"id":"d4d125df-ff65-4f54-b910-382e8ec5d915","block_type":"box","text":"8,886","page_number":33,"box":{"x":154,"y":908,"width":41,"height":10}},{"id":"aa27562b-5f49-44b5-994e-3409753bdc6b","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":33,"box":{"x":230,"y":908,"width":266,"height":11}},{"id":"ab8a969b-046d-4018-bd19-b575d2ff31db","block_type":"box","text":"3,773,297","page_number":33,"box":{"x":726,"y":908,"width":73,"height":10}},{"id":"9be272dd-f1f6-479a-8459-13208463c60c","block_type":"box","text":"1.25","page_number":33,"box":{"x":926,"y":908,"width":31,"height":8}},{"id":"4a94703e-2666-44c3-ae4a-08dcd41f365c","block_type":"box","text":"33","page_number":34,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"768fbc37-1859-4926-b3e6-9faf187699a6","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":34,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"b852d801-ddb0-420d-a117-692119f5c972","block_type":"box","text":"Portfolio Statement (continued)","page_number":34,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"4924e679-883f-48e3-a850-d21820a84aa6","block_type":"box","text":"Holding","page_number":34,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"8ac32700-ef21-4c4b-bcf9-b94f62d3f7d9","block_type":"box","text":"Investment","page_number":34,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"13acd486-e6e0-4aa8-9371-a9c9a83bd837","block_type":"box","text":"Market","page_number":34,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"0b51fe38-267d-4eee-b50c-28c483e8967c","block_type":"box","text":"Value","page_number":34,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"3ec27dda-5e25-4914-b346-49822d9c03a4","block_type":"box","text":"£","page_number":34,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"c3611845-629c-4ec3-8a99-697324d843e1","block_type":"box","text":"% of","page_number":34,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"60f29344-bc6b-4aab-abe9-4f3762d4ddb9","block_type":"box","text":"Net Assets","page_number":34,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"0bc03f8f-6a2a-493e-846e-d870e1019b36","block_type":"box","text":"Evolving Consumption (continued)","page_number":34,"box":{"x":43,"y":164,"width":277,"height":11}},{"id":"531bc0f4-9d0e-4347-8f16-cb25e39c3431","block_type":"box","text":"51,892","page_number":34,"box":{"x":145,"y":183,"width":50,"height":10}},{"id":"067f9544-7de2-47dc-9dba-30928cef8707","block_type":"box","text":"Unilever","page_number":34,"box":{"x":230,"y":183,"width":61,"height":9}},{"id":"fbf36b81-59e8-4333-92d3-75005f015ff6","block_type":"box","text":"2,397,411","page_number":34,"box":{"x":727,"y":183,"width":70,"height":10}},{"id":"b0ae37d5-32fc-45f8-bf66-b3c4fd9b66cc","block_type":"box","text":"0.80","page_number":34,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"8606154b-2925-4752-b9e9-3657d8ee5a1b","block_type":"box","text":"43,222,587","page_number":34,"box":{"x":716,"y":201,"width":83,"height":10}},{"id":"0cf56ff9-d2c1-4b3b-bf09-d3d47dc18fe2","block_type":"box","text":"14.34","page_number":34,"box":{"x":916,"y":201,"width":41,"height":8}},{"id":"d34bbd24-7664-4c9c-9f54-d9b989785bfe","block_type":"box","text":"Security","page_number":34,"box":{"x":42,"y":232,"width":66,"height":11}},{"id":"7ec11149-5679-44bb-8c45-06fb3648aa84","block_type":"box","text":"15.83% (31 December 2025 - 11.58%)","page_number":34,"box":{"x":108,"y":232,"width":294,"height":11}},{"id":"4369f4f7-e917-4700-8799-4f42f9b29f2f","block_type":"box","text":"127,675","page_number":34,"box":{"x":137,"y":250,"width":58,"height":11}},{"id":"de8e9f07-020c-41b1-b8fa-f721a922ca7a","block_type":"box","text":"BAE Systems","page_number":34,"box":{"x":230,"y":250,"width":101,"height":12}},{"id":"0c707027-bf19-4e78-b1c7-ae442871f407","block_type":"box","text":"2,529,880","page_number":34,"box":{"x":726,"y":250,"width":73,"height":11}},{"id":"bf58d2e6-81bd-4f2f-960d-eb6a4a314724","block_type":"box","text":"0.84","page_number":34,"box":{"x":925,"y":251,"width":31,"height":8}},{"id":"4c289afd-6603-436c-96d8-a4be532fc8aa","block_type":"box","text":"226,537","page_number":34,"box":{"x":135,"y":266,"width":60,"height":10}},{"id":"9a807e52-500c-4de6-8bd8-35f7d7daa4e5","block_type":"box","text":"Bank of Ireland Group","page_number":34,"box":{"x":230,"y":266,"width":163,"height":11}},{"id":"4b2c5e51-db01-4f5d-8a7b-4956e551f07b","block_type":"box","text":"3,358,199","page_number":34,"box":{"x":726,"y":266,"width":73,"height":10}},{"id":"547619eb-5016-4d59-9433-3ac1fff36e0d","block_type":"box","text":"1.11","page_number":34,"box":{"x":928,"y":266,"width":26,"height":8}},{"id":"358b5a9b-df8e-46ef-8a10-42dca0af989f","block_type":"box","text":"179,748","page_number":34,"box":{"x":137,"y":281,"width":58,"height":11}},{"id":"6c46c1bf-1d5a-4f07-9881-d0fdae00f4e8","block_type":"box","text":"BHP Group","page_number":34,"box":{"x":230,"y":281,"width":84,"height":11}},{"id":"d5f96e82-f46d-43a1-8c64-8215ffe532bc","block_type":"box","text":"5,646,405","page_number":34,"box":{"x":726,"y":281,"width":73,"height":11}},{"id":"6b1f9013-173f-4307-b607-3ebe2471cfc0","block_type":"box","text":"1.87","page_number":34,"box":{"x":926,"y":281,"width":30,"height":9}},{"id":"1981d968-9476-4032-bbbf-f8673988fbc2","block_type":"box","text":"38,217","page_number":34,"box":{"x":145,"y":297,"width":50,"height":10}},{"id":"816657ca-ad16-47d8-891b-825c3bdae262","block_type":"box","text":"BNP Paribas","page_number":34,"box":{"x":230,"y":297,"width":94,"height":8}},{"id":"2d91ab7b-b616-4223-8d81-9d79f40bd52e","block_type":"box","text":"3,360,885","page_number":34,"box":{"x":726,"y":297,"width":73,"height":10}},{"id":"93ee9dfe-7255-4757-927b-034ebdd30aed","block_type":"box","text":"1.11","page_number":34,"box":{"x":928,"y":297,"width":26,"height":8}},{"id":"307b4504-73d8-4713-899d-7a5f344fd397","block_type":"box","text":"41,047","page_number":34,"box":{"x":144,"y":312,"width":51,"height":10}},{"id":"bb247c30-da9e-4e69-a65d-5a20f0f29851","block_type":"box","text":"Citigroup","page_number":34,"box":{"x":230,"y":312,"width":65,"height":11}},{"id":"c3f45553-f20b-4b38-812b-0225b0cce73b","block_type":"box","text":"4,299,986","page_number":34,"box":{"x":726,"y":312,"width":73,"height":10}},{"id":"498eb55d-1cf2-4b58-b4cb-3d1b832b140c","block_type":"box","text":"1.43","page_number":34,"box":{"x":926,"y":312,"width":30,"height":9}},{"id":"40f75359-39ce-4e44-b061-3ff796b403c8","block_type":"box","text":"33,429","page_number":34,"box":{"x":145,"y":327,"width":50,"height":11}},{"id":"bad5b9bc-8a96-42a5-a7c6-73d38cb6c094","block_type":"box","text":"CME Group","page_number":34,"box":{"x":230,"y":327,"width":87,"height":11}},{"id":"39f59516-c1bd-4f7f-ba49-f7f5d285acf4","block_type":"box","text":"5,919,992","page_number":34,"box":{"x":726,"y":327,"width":73,"height":11}},{"id":"26a7a508-7426-4bb7-80c6-baa6744923d7","block_type":"box","text":"1.96","page_number":34,"box":{"x":926,"y":327,"width":30,"height":9}},{"id":"00c7fb61-cfa7-4f0c-aa79-9995b961757b","block_type":"box","text":"23,482","page_number":34,"box":{"x":145,"y":343,"width":50,"height":10}},{"id":"e3561ab4-c402-4989-b600-eaf1e9b9cc69","block_type":"box","text":"Euronext","page_number":34,"box":{"x":230,"y":343,"width":66,"height":8}},{"id":"d76aa7dd-f60b-42ca-b873-9cfd305f51a3","block_type":"box","text":"2,971,059","page_number":34,"box":{"x":726,"y":343,"width":73,"height":10}},{"id":"902d820d-39e1-4d36-8243-cbd49bbc80db","block_type":"box","text":"0.99","page_number":34,"box":{"x":925,"y":343,"width":31,"height":8}},{"id":"c4c80a04-c524-4d0e-b270-75217a8242f4","block_type":"box","text":"20,423","page_number":34,"box":{"x":145,"y":358,"width":50,"height":10}},{"id":"28bebeef-1e93-45fe-a01a-966568f12ff1","block_type":"box","text":"JPMorgan Chase & Company","page_number":34,"box":{"x":229,"y":358,"width":222,"height":11}},{"id":"436335b3-660b-454d-b3dc-a5773972c982","block_type":"box","text":"5,109,763","page_number":34,"box":{"x":726,"y":358,"width":73,"height":10}},{"id":"18d78f7d-f7d6-4a8c-bc71-77824eb666ba","block_type":"box","text":"1.70","page_number":34,"box":{"x":926,"y":358,"width":30,"height":9}},{"id":"dbf4e363-f755-4ca6-9cdf-f3076b834257","block_type":"box","text":"2,113","page_number":34,"box":{"x":155,"y":373,"width":40,"height":11}},{"id":"4fd1d26d-f2b7-4598-b78a-945d4ebc63f6","block_type":"box","text":"MercadoLibre","page_number":34,"box":{"x":230,"y":373,"width":101,"height":9}},{"id":"27dee3f2-d2ea-49b8-8bac-4dbb2ad4577a","block_type":"box","text":"2,788,622","page_number":34,"box":{"x":726,"y":373,"width":73,"height":11}},{"id":"4f289a31-ce97-433d-995a-7a24e5600c45","block_type":"box","text":"0.93","page_number":34,"box":{"x":925,"y":373,"width":31,"height":9}},{"id":"4a5c3e1a-e3c5-48cc-8995-784dbfd2b566","block_type":"box","text":"461,663","page_number":34,"box":{"x":135,"y":389,"width":60,"height":10}},{"id":"47a65ec3-fd89-46bf-aee5-41c7ba17bc09","block_type":"box","text":"National Bank of Greece","page_number":34,"box":{"x":230,"y":389,"width":181,"height":9}},{"id":"f9f1f97f-ea2b-4d43-a7b3-0b853120fc62","block_type":"box","text":"6,216,892","page_number":34,"box":{"x":726,"y":389,"width":73,"height":10}},{"id":"ae1b81b4-b84e-438d-a7d6-87fbe6bbcad1","block_type":"box","text":"2.06","page_number":34,"box":{"x":925,"y":389,"width":31,"height":9}},{"id":"13bd913a-d1a4-498e-9b2a-be8d6b9c9763","block_type":"box","text":"191,199","page_number":34,"box":{"x":137,"y":404,"width":58,"height":10}},{"id":"6a589d46-0d41-4591-9f81-120ac540d2a0","block_type":"box","text":"Shell","page_number":34,"box":{"x":230,"y":404,"width":35,"height":9}},{"id":"f112d883-fe2e-47db-b586-b0221d86eb7a","block_type":"box","text":"5,528,519","page_number":34,"box":{"x":726,"y":404,"width":73,"height":10}},{"id":"4a5725e3-f8df-4997-8bf1-47394287f7cd","block_type":"box","text":"1.83","page_number":34,"box":{"x":926,"y":404,"width":30,"height":9}},{"id":"8ba99399-52da-4a5c-8704-96289f965555","block_type":"box","text":"47,730,202","page_number":34,"box":{"x":716,"y":422,"width":83,"height":10}},{"id":"9ead510e-2d13-4213-b9cd-46c9f48b1cc4","block_type":"box","text":"15.83","page_number":34,"box":{"x":916,"y":422,"width":40,"height":9}},{"id":"d5d01abc-5545-4cb8-89c3-69efff0accae","block_type":"box","text":"Climate Change","page_number":34,"box":{"x":43,"y":453,"width":125,"height":11}},{"id":"e37c575a-40d7-4a35-8d92-fe5fde084d6e","block_type":"box","text":"5.28% (31 December 2025 - 4.07%)","page_number":34,"box":{"x":169,"y":453,"width":276,"height":11}},{"id":"d737d884-023b-4d91-a9ee-456bf34f32c7","block_type":"box","text":"108,732","page_number":34,"box":{"x":137,"y":472,"width":58,"height":10}},{"id":"103affe7-cee9-4032-8728-c586aa608a8d","block_type":"box","text":"A O Smith","page_number":34,"box":{"x":229,"y":472,"width":74,"height":8}},{"id":"e0afcfb8-5574-46b8-afd1-031337c01fea","block_type":"box","text":"5,103,871","page_number":34,"box":{"x":726,"y":472,"width":71,"height":10}},{"id":"c79189c7-658b-4236-9457-f46985da2ee1","block_type":"box","text":"1.69","page_number":34,"box":{"x":926,"y":472,"width":30,"height":8}},{"id":"c310fd5b-7137-4b49-8d8e-4ac04529b771","block_type":"box","text":"48,253","page_number":34,"box":{"x":144,"y":487,"width":51,"height":10}},{"id":"3a684c96-ed96-454a-a4e5-e4bb50e0a0e3","block_type":"box","text":"Duke Energy","page_number":34,"box":{"x":230,"y":487,"width":96,"height":11}},{"id":"c96851c7-df11-4a4d-a75e-c155d2d84997","block_type":"box","text":"4,677,371","page_number":34,"box":{"x":726,"y":487,"width":71,"height":10}},{"id":"e59dab2c-26bc-4c18-bfcf-5ec9dca358fb","block_type":"box","text":"1.55","page_number":34,"box":{"x":926,"y":487,"width":31,"height":9}},{"id":"2740e306-3941-403b-89ac-ebc0038c595c","block_type":"box","text":"22,272","page_number":34,"box":{"x":145,"y":502,"width":50,"height":11}},{"id":"db0c6a69-3e6f-4399-ab81-55312b302401","block_type":"box","text":"Ecolab","page_number":34,"box":{"x":230,"y":502,"width":50,"height":9}},{"id":"4b06d1b2-d3ed-4ec8-a246-ce489fd1bff2","block_type":"box","text":"4,723,347","page_number":34,"box":{"x":726,"y":502,"width":73,"height":11}},{"id":"3feedc4d-cb18-4c92-bf57-e8c955d558a5","block_type":"box","text":"1.57","page_number":34,"box":{"x":926,"y":502,"width":30,"height":9}},{"id":"b22f4e90-2252-4093-bed1-049fabf78833","block_type":"box","text":"2,829","page_number":34,"box":{"x":154,"y":518,"width":41,"height":10}},{"id":"8b8eb506-1ec1-4a1c-84e3-f37f88267ab7","block_type":"box","text":"Quanta Services","page_number":34,"box":{"x":230,"y":518,"width":122,"height":9}},{"id":"b6a578d4-cf6e-4414-b515-269f5a657297","block_type":"box","text":"1,414,616","page_number":34,"box":{"x":727,"y":518,"width":72,"height":10}},{"id":"c312fb9c-0adc-4315-a183-322ebf779aad","block_type":"box","text":"0.47","page_number":34,"box":{"x":925,"y":518,"width":31,"height":9}},{"id":"5ae2540a-ce9e-4723-bcb8-fea9f0167e4a","block_type":"box","text":"15,919,205","page_number":34,"box":{"x":717,"y":536,"width":83,"height":10}},{"id":"ea4abada-5b6e-4b05-88e0-2e0868a79c9c","block_type":"box","text":"5.28","page_number":34,"box":{"x":925,"y":536,"width":31,"height":8}},{"id":"1520b5d1-33aa-4652-8129-d4d4be0189be","block_type":"box","text":"Sustained Income","page_number":34,"box":{"x":42,"y":567,"width":143,"height":9}},{"id":"21ecb7c4-ccf7-4cb4-8f1a-cff0b2a14049","block_type":"box","text":"2.50% (31 December 2025 - 3.32%)","page_number":34,"box":{"x":186,"y":567,"width":276,"height":11}},{"id":"3cf8ee35-9cd3-436a-9963-5f5051b5c8fa","block_type":"box","text":"41,835","page_number":34,"box":{"x":144,"y":585,"width":51,"height":11}},{"id":"b7035e75-d4ad-46d8-84d8-51c9eb8c3f31","block_type":"box","text":"Kimberly-Clark","page_number":34,"box":{"x":230,"y":585,"width":109,"height":12}},{"id":"f6bbb22b-518e-46de-b02b-a285228634df","block_type":"box","text":"3,591,404","page_number":34,"box":{"x":726,"y":585,"width":73,"height":11}},{"id":"be226b1b-4417-46bd-803d-7e6c7250a72a","block_type":"box","text":"1.19","page_number":34,"box":{"x":926,"y":585,"width":30,"height":9}},{"id":"ca74b198-be65-46d0-9bf2-b353d35cdda9","block_type":"box","text":"128,505","page_number":34,"box":{"x":137,"y":601,"width":58,"height":10}},{"id":"ba70d2d1-3bb1-4375-b1b2-ad845b42ac56","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":34,"box":{"x":230,"y":601,"width":195,"height":11}},{"id":"75980113-3a71-4888-8f94-ab4ffa9820ed","block_type":"box","text":"3,951,939","page_number":34,"box":{"x":726,"y":601,"width":73,"height":10}},{"id":"c9277bbb-6789-47a8-988a-b8e047909be1","block_type":"box","text":"1.31","page_number":34,"box":{"x":926,"y":601,"width":28,"height":9}},{"id":"d81f1ba2-7e6f-4209-8275-b2b7c5e3ef3f","block_type":"box","text":"7,543,343","page_number":34,"box":{"x":726,"y":619,"width":73,"height":10}},{"id":"70736be7-9539-4ac3-bbfc-d766eeb17ab7","block_type":"box","text":"2.50","page_number":34,"box":{"x":925,"y":619,"width":31,"height":8}},{"id":"21188713-a6ea-45d0-854a-d808e3d6abe1","block_type":"box","text":"Forward Currency Contracts","page_number":34,"box":{"x":43,"y":650,"width":226,"height":11}},{"id":"e7ba8b0a-8e68-44fc-a663-1afce01ce1d2","block_type":"box","text":"0.24% (31 December 2025 - 0.10%)","page_number":34,"box":{"x":270,"y":650,"width":276,"height":11}},{"id":"f3d29054-ce8e-476a-aa75-880e80bf8448","block_type":"box","text":"AUD (18,040)","page_number":34,"box":{"x":93,"y":668,"width":102,"height":12}},{"id":"bc363c45-a04c-46f4-bedc-bb903a4274d2","block_type":"box","text":"Sold AUD, Bought GBP 9,401 for settlement on","page_number":34,"box":{"x":230,"y":668,"width":355,"height":12}},{"id":"224fca9f-a05c-4533-b1ab-5b8ff2b4b13d","block_type":"box","text":"24/07/2026","page_number":34,"box":{"x":229,"y":683,"width":83,"height":8}},{"id":"e061cf73-41fa-44a3-bb67-1b835a90514c","block_type":"box","text":"37","page_number":34,"box":{"x":782,"y":683,"width":17,"height":8}},{"id":"dd1984e8-393b-4932-acc3-b00939ced3ad","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":688,"width":9,"height":1}},{"id":"1e9a6b64-65aa-4c3a-aa2b-3dff654df410","block_type":"box","text":"AUD (6,393)","page_number":34,"box":{"x":102,"y":698,"width":93,"height":11}},{"id":"2f2414af-7977-467d-bf2e-3ff0c50b3bd1","block_type":"box","text":"Sold AUD, Bought GBP 3,331 for settlement on","page_number":34,"box":{"x":230,"y":698,"width":349,"height":11}},{"id":"d2a3f8dd-f4bd-49e8-9d5c-3f47d2154b1c","block_type":"box","text":"24/07/2026","page_number":34,"box":{"x":229,"y":712,"width":83,"height":9}},{"id":"ae0caec9-89e2-4ca4-ad6b-b072b28ef600","block_type":"box","text":"13","page_number":34,"box":{"x":783,"y":712,"width":16,"height":9}},{"id":"72faa60d-637d-4010-9993-df230072ecfa","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":717,"width":9,"height":1}},{"id":"188c7987-f21d-421d-b836-eeca7345bdc9","block_type":"box","text":"AUD (38,669)","page_number":34,"box":{"x":93,"y":728,"width":102,"height":11}},{"id":"c98b8d5c-f8a8-4e37-8f4d-9b5a6b8e0e64","block_type":"box","text":"Sold AUD, Bought GBP 20,498 for settlement on","page_number":34,"box":{"x":230,"y":728,"width":359,"height":11}},{"id":"b48e36a2-da3d-43b8-af1a-0eadb5904747","block_type":"box","text":"24/07/2026","page_number":34,"box":{"x":229,"y":742,"width":83,"height":9}},{"id":"782641ad-6355-417d-b221-ee3c1c4f127b","block_type":"box","text":"424","page_number":34,"box":{"x":772,"y":742,"width":27,"height":9}},{"id":"e6ec5a82-fb9b-4f1e-9831-7838440e4bb2","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":747,"width":9,"height":1}},{"id":"a4364589-cdd2-44cc-87e9-45b6c28f70f6","block_type":"box","text":"AUD (491)","page_number":34,"box":{"x":116,"y":757,"width":79,"height":11}},{"id":"9c50619c-baf5-40ef-9995-fe013736e91e","block_type":"box","text":"Sold AUD, Bought GBP 257 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":757,"width":424,"height":11}},{"id":"c78bc9dd-0991-4180-ac97-fa83072b88f0","block_type":"box","text":"2","page_number":34,"box":{"x":791,"y":757,"width":8,"height":9}},{"id":"930ec350-3677-4e85-8cf1-572db33ac979","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":762,"width":9,"height":1}},{"id":"37a8bf35-2722-44fe-ac00-078974810e18","block_type":"box","text":"AUD (37)","page_number":34,"box":{"x":126,"y":773,"width":69,"height":11}},{"id":"95ac71b4-c64f-487b-a5e4-8b3f9fc32c42","block_type":"box","text":"Sold AUD, Bought GBP 20 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":773,"width":415,"height":11}},{"id":"603fa466-dd33-4f4a-a3bb-f7161c8ab280","block_type":"box","text":"–","page_number":34,"box":{"x":791,"y":778,"width":9,"height":1}},{"id":"4f899217-6c05-4f1a-8506-914058a9ee07","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":778,"width":9,"height":1}},{"id":"132c2085-a417-44ec-92c3-b9d09ac7f55d","block_type":"box","text":"AUD (508,958)","page_number":34,"box":{"x":84,"y":788,"width":111,"height":11}},{"id":"27089d88-b0e2-4bb4-ae41-3ba6fabf404e","block_type":"box","text":"Sold AUD, Bought GBP 269,786 for settlement on","page_number":34,"box":{"x":230,"y":788,"width":368,"height":11}},{"id":"f9e9b785-fd95-4f35-b8a3-5a58528a817a","block_type":"box","text":"24/07/2026","page_number":34,"box":{"x":229,"y":802,"width":83,"height":9}},{"id":"261391ca-1265-4a8a-8cb2-5a5bc2867c1c","block_type":"box","text":"5,584","page_number":34,"box":{"x":759,"y":802,"width":40,"height":11}},{"id":"cef30875-1956-4052-9e37-87d3de2ecbe3","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":807,"width":9,"height":1}},{"id":"227b5dde-2fb0-478a-910c-11ba4d9dfceb","block_type":"box","text":"AUD (22)","page_number":34,"box":{"x":126,"y":817,"width":69,"height":12}},{"id":"da5710d5-f0f2-428d-b5bd-ef887647dbc8","block_type":"box","text":"Sold AUD, Bought GBP 12 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":817,"width":415,"height":12}},{"id":"ef164d7c-6be9-4c98-8502-2987ce5ceec4","block_type":"box","text":"–","page_number":34,"box":{"x":791,"y":823,"width":9,"height":1}},{"id":"d77f5ef8-79c3-485a-834e-fa8e283ff8cc","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":823,"width":9,"height":1}},{"id":"69f9a777-bc67-4a04-9259-6f24ed0dc514","block_type":"box","text":"AUD (206)","page_number":34,"box":{"x":116,"y":833,"width":79,"height":11}},{"id":"20a53b8d-b8ef-4f51-affe-b04823d68c22","block_type":"box","text":"Sold AUD, Bought GBP 109 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":833,"width":424,"height":11}},{"id":"1cd0da4e-b63e-4728-96f7-0adc59e6f762","block_type":"box","text":"2","page_number":34,"box":{"x":791,"y":833,"width":8,"height":9}},{"id":"6b4d32a1-8504-40c2-824e-83a519c5ef55","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":838,"width":9,"height":1}},{"id":"b41e29da-c854-4e04-b6bd-59bee2b757f2","block_type":"box","text":"AUD (31)","page_number":34,"box":{"x":126,"y":848,"width":69,"height":11}},{"id":"938c468e-4d3f-481a-b65a-1f3c6dc0aa0c","block_type":"box","text":"Sold AUD, Bought GBP 16 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":848,"width":415,"height":11}},{"id":"9bdef726-1066-4fcf-b475-c6217352aede","block_type":"box","text":"–","page_number":34,"box":{"x":791,"y":853,"width":9,"height":1}},{"id":"b758679f-abe1-4ee2-a591-9aa0b1ec3279","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":853,"width":9,"height":1}},{"id":"a8fb9d38-9979-4981-b8c1-f6b42a206ee8","block_type":"box","text":"AUD (141)","page_number":34,"box":{"x":116,"y":864,"width":79,"height":11}},{"id":"ba995b3d-3219-49c6-925b-81d75204ff92","block_type":"box","text":"Sold AUD, Bought GBP 73 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":864,"width":415,"height":11}},{"id":"25f27a86-e551-4180-8697-d910d6d442a2","block_type":"box","text":"1","page_number":34,"box":{"x":793,"y":864,"width":4,"height":8}},{"id":"c494e207-9a8c-4cf1-afb1-cc99ebcc8f79","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":869,"width":9,"height":1}},{"id":"4602a34a-c878-4911-aad7-6d6bc9b27e4f","block_type":"box","text":"AUD (1)","page_number":34,"box":{"x":135,"y":879,"width":60,"height":11}},{"id":"0cc45952-0a66-4cc9-b757-0eefe410348f","block_type":"box","text":"Sold AUD, Bought GBP 1 for settlement on 24/07/2026","page_number":34,"box":{"x":230,"y":879,"width":406,"height":11}},{"id":"81a257d5-2b1e-48fc-8a84-cfd9770faf56","block_type":"box","text":"–","page_number":34,"box":{"x":791,"y":884,"width":9,"height":1}},{"id":"5a04115a-fa00-4ba7-a32f-f361410289bf","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":884,"width":9,"height":1}},{"id":"dcd6bc82-a19c-46d8-8095-d6c90dc14c3e","block_type":"box","text":"AUD (49,809)","page_number":34,"box":{"x":93,"y":894,"width":102,"height":12}},{"id":"97e3bed5-0f75-4682-a3f8-10f295524612","block_type":"box","text":"Sold AUD, Bought GBP 26,402 for settlement on","page_number":34,"box":{"x":230,"y":894,"width":365,"height":12}},{"id":"ac310397-8bcd-4e09-86c1-b35995550466","block_type":"box","text":"24/07/2026","page_number":34,"box":{"x":229,"y":909,"width":83,"height":8}},{"id":"e736dd60-37ab-49e5-9011-d635d7f292e6","block_type":"box","text":"546","page_number":34,"box":{"x":773,"y":909,"width":26,"height":8}},{"id":"44e5f4da-d142-46e2-a3ed-a13e39869141","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":914,"width":9,"height":1}},{"id":"0833d917-9d12-4107-bc53-b2289ee51c6a","block_type":"box","text":"AUD (38,186)","page_number":34,"box":{"x":93,"y":924,"width":102,"height":11}},{"id":"f0eb7b24-434d-4833-9bfa-47928c6dcc17","block_type":"box","text":"Sold AUD, Bought GBP 19,815 for settlement on","page_number":34,"box":{"x":230,"y":924,"width":359,"height":11}},{"id":"423c9c56-cc26-422a-b168-10820c36f902","block_type":"box","text":"24/07/2026","page_number":34,"box":{"x":229,"y":938,"width":83,"height":9}},{"id":"582ea295-5f95-4445-bce3-3c2c9885e5d4","block_type":"box","text":"(7)","page_number":34,"box":{"x":781,"y":938,"width":19,"height":11}},{"id":"17ea7e2d-6216-42e0-9de7-3a33900b42d8","block_type":"box","text":"–","page_number":34,"box":{"x":948,"y":943,"width":9,"height":1}},{"id":"3f15f2ff-979c-4e75-96ff-49778d729c81","block_type":"box","text":"34","page_number":35,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"09d923ad-8be0-4cf4-8ac4-d574e28ceca3","block_type":"box","text":"35","page_number":35,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"ebbea9be-5ef4-4007-b7df-4b9cfaf5348b","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":35,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"7712dee0-bb92-4f25-b3c5-699994797049","block_type":"box","text":"Portfolio Statement (continued)","page_number":35,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"c38ad211-b3b1-4c99-a656-fe54bb4738e2","block_type":"box","text":"Holding","page_number":35,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"48fcd425-7f00-47a0-962c-45637373897a","block_type":"box","text":"Investment","page_number":35,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"2891592f-65ab-44ae-9812-05de2ad5ef46","block_type":"box","text":"Market","page_number":35,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"31e8ab81-e9f1-4fa5-adca-03d19583a359","block_type":"box","text":"Value","page_number":35,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"ed5560c1-a770-4f8c-b292-82296a9c7125","block_type":"box","text":"£","page_number":35,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"38f290f5-ffe7-42fe-abf5-15fefef01121","block_type":"box","text":"% of","page_number":35,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"1b32adf2-e597-4f23-81a0-9f441bb4497f","block_type":"box","text":"Net Assets","page_number":35,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"9f6e895c-8b99-41ac-9389-38ad3521c738","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":35,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"a796ab28-11c9-47a5-a255-88593f6e910e","block_type":"box","text":"AUD (76)","page_number":35,"box":{"x":126,"y":183,"width":69,"height":11}},{"id":"c45bc9a5-0674-4a23-8fb6-e3df71b8ca64","block_type":"box","text":"Sold AUD, Bought GBP 40 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":183,"width":415,"height":11}},{"id":"3f95dff2-74d0-4ab0-85b8-dea85b762543","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"fdbe5be3-84de-4e4e-8926-0761b7d9448c","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"bd6372ce-9e53-4abd-8e0d-e3f7c8af5fef","block_type":"box","text":"AUD (4)","page_number":35,"box":{"x":135,"y":198,"width":60,"height":11}},{"id":"b3f42e8a-4247-4514-981a-b07289cc5b55","block_type":"box","text":"Sold AUD, Bought GBP 2 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":198,"width":406,"height":11}},{"id":"663d5ca4-f60b-4f0d-805f-39f98d38bd7b","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":203,"width":9,"height":1}},{"id":"806a221b-d606-49b1-bb00-b1bacf177c17","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":203,"width":9,"height":1}},{"id":"32d0871e-5583-4ec1-a6f8-5808e88c6306","block_type":"box","text":"AUD (7)","page_number":35,"box":{"x":135,"y":213,"width":60,"height":12}},{"id":"279b3fd9-6e47-4cc0-9822-de90955cb6da","block_type":"box","text":"Sold AUD, Bought GBP 4 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":213,"width":406,"height":12}},{"id":"3b439a36-c826-4a5e-9fe6-90a840116af7","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":219,"width":9,"height":1}},{"id":"1258fa93-fcf3-4761-94e6-66b71581cc25","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":219,"width":9,"height":1}},{"id":"3ed562dc-5247-42ec-8aa5-b665cba4dc41","block_type":"box","text":"AUD (1)","page_number":35,"box":{"x":135,"y":229,"width":60,"height":11}},{"id":"3625cb3c-9347-4155-a32e-d9fbb45be142","block_type":"box","text":"Sold AUD, Bought GBP – for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":229,"width":406,"height":11}},{"id":"48b08633-4098-450d-bd52-4c653131e85d","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":234,"width":9,"height":1}},{"id":"1ecf5afe-9e2d-4f96-bad0-3abebc177cf0","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":234,"width":9,"height":1}},{"id":"270ed1cd-669e-42e6-83db-cfcbdc466f1f","block_type":"box","text":"AUD (63,956)","page_number":35,"box":{"x":93,"y":244,"width":102,"height":11}},{"id":"40c75e5a-ae9f-4661-adf7-df360a9c38a1","block_type":"box","text":"Sold AUD, Bought GBP 33,330 for settlement on","page_number":35,"box":{"x":230,"y":244,"width":365,"height":11}},{"id":"642d1ab0-68cc-4d0f-aa69-568854e4df1d","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":258,"width":83,"height":9}},{"id":"dc4f7b84-3370-4c8a-b4b4-fff3404d01a2","block_type":"box","text":"130","page_number":35,"box":{"x":774,"y":259,"width":25,"height":8}},{"id":"04323ee0-dfb9-4b1a-a9e1-7e7043253824","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":264,"width":9,"height":1}},{"id":"1031bb72-4362-49cd-a734-ebf79cc85c77","block_type":"box","text":"AUD (301)","page_number":35,"box":{"x":116,"y":274,"width":79,"height":11}},{"id":"b2d7dcea-4203-47b6-860d-ed386b2fbd6b","block_type":"box","text":"Sold AUD, Bought GBP 157 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":274,"width":424,"height":11}},{"id":"b9872408-efb3-4991-a30c-c19107d39e03","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":279,"width":9,"height":1}},{"id":"8b6f862d-60cc-4266-9542-7d8d4cf19a40","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":279,"width":9,"height":1}},{"id":"ce99edd9-4968-4535-b27c-dcc864526432","block_type":"box","text":"AUD (722)","page_number":35,"box":{"x":116,"y":289,"width":79,"height":11}},{"id":"425859fd-a103-4e83-8d87-649022fa0461","block_type":"box","text":"Sold AUD, Bought GBP 375 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":289,"width":424,"height":11}},{"id":"b9b36f05-bfda-478b-b270-7237d06f411b","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":294,"width":9,"height":1}},{"id":"da759e8a-30a8-4634-9a75-40acb00e8de9","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":294,"width":9,"height":1}},{"id":"e77a57a3-5673-4ed7-991a-babeaba41e32","block_type":"box","text":"AUD (1,062)","page_number":35,"box":{"x":102,"y":305,"width":93,"height":11}},{"id":"39f185df-b52a-4ffa-8486-3e5d0ad4b5e2","block_type":"box","text":"Sold AUD, Bought GBP 563 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":305,"width":424,"height":11}},{"id":"32b9c350-7d87-45e1-9693-8432207bb954","block_type":"box","text":"12","page_number":35,"box":{"x":783,"y":305,"width":16,"height":8}},{"id":"a23f2ba7-b212-4a44-9bab-7b64ad681069","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":310,"width":9,"height":1}},{"id":"e1d5bf17-cd0e-43a4-acc3-266714e31a7a","block_type":"box","text":"AUD (3)","page_number":35,"box":{"x":135,"y":320,"width":60,"height":11}},{"id":"4934a504-b42c-40dd-b98b-1d16e2b36ffd","block_type":"box","text":"Sold AUD, Bought GBP 2 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":320,"width":406,"height":11}},{"id":"1e96d156-5e3b-43a0-9d46-bb922c93d3a1","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":325,"width":9,"height":1}},{"id":"af9ee9f1-328f-4601-b74a-f69026ada572","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":325,"width":9,"height":1}},{"id":"583ed0cb-022e-415d-aa11-ec2c752afb56","block_type":"box","text":"AUD (24)","page_number":35,"box":{"x":126,"y":335,"width":69,"height":11}},{"id":"c5e277d1-930a-4b82-b8de-dda7d3561093","block_type":"box","text":"Sold AUD, Bought GBP 13 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":335,"width":415,"height":11}},{"id":"3dd55b24-2bb5-4f26-9fc4-8a05cb574786","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":340,"width":9,"height":1}},{"id":"85bec866-7c41-4a2a-a8e7-cc06fafa86a2","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":340,"width":9,"height":1}},{"id":"e4a8d060-e3fd-4fa2-aebb-265aaa3ba983","block_type":"box","text":"AUD (74)","page_number":35,"box":{"x":126,"y":351,"width":69,"height":11}},{"id":"eb274bd6-23f0-4a8e-986e-7d37d74cf356","block_type":"box","text":"Sold AUD, Bought GBP 39 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":351,"width":415,"height":11}},{"id":"a0623b08-984d-4dd0-9d7c-6c48a3d052eb","block_type":"box","text":"1","page_number":35,"box":{"x":793,"y":351,"width":4,"height":8}},{"id":"5b5efa24-7120-4032-b212-5e1bb396643a","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":356,"width":9,"height":1}},{"id":"a311c8be-e32b-430e-924f-937f2a23a9df","block_type":"box","text":"AUD (2,138)","page_number":35,"box":{"x":102,"y":366,"width":93,"height":11}},{"id":"8d40e6b5-3997-4c75-9519-b9a54b4315a2","block_type":"box","text":"Sold AUD, Bought GBP 1,117 for settlement on","page_number":35,"box":{"x":230,"y":366,"width":354,"height":11}},{"id":"cd596e9b-509e-4de0-bd33-f775c73e89a8","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":380,"width":83,"height":9}},{"id":"2d4a5bda-39ae-4e4c-a1df-6620be401e3b","block_type":"box","text":"8","page_number":35,"box":{"x":792,"y":380,"width":7,"height":9}},{"id":"8244b3a0-671d-4950-9602-b2b236f5045f","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":385,"width":9,"height":1}},{"id":"475c3289-bf21-4299-aba8-efd1edce4c3a","block_type":"box","text":"AUD (2)","page_number":35,"box":{"x":135,"y":396,"width":60,"height":11}},{"id":"22eee3c4-6be0-4a88-9a53-8857b144e88b","block_type":"box","text":"Sold AUD, Bought GBP 1 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":396,"width":406,"height":11}},{"id":"1cefad42-8ad9-4736-bd13-e64f7d18243e","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":401,"width":9,"height":1}},{"id":"c192a103-e4de-48a1-9e32-fb644101deaf","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":401,"width":9,"height":1}},{"id":"4d36245e-20eb-430d-b4a1-a7da150b8453","block_type":"box","text":"AUD 0","page_number":35,"box":{"x":146,"y":411,"width":49,"height":9}},{"id":"235062f9-1a44-483a-943d-6c8965752b86","block_type":"box","text":"Sold AUD, Bought GBP – for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":411,"width":406,"height":11}},{"id":"67cb116f-5be4-4118-bd46-9f3891db2c08","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":416,"width":9,"height":1}},{"id":"2c1e4046-a64b-405a-a840-966b8c1182c3","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":416,"width":9,"height":1}},{"id":"59888d5e-3d3a-4b30-9c31-73cc02e56eb1","block_type":"box","text":"AUD (10,720)","page_number":35,"box":{"x":93,"y":426,"width":102,"height":12}},{"id":"f5fe1874-cbab-44d1-9638-f5e287f0c1c5","block_type":"box","text":"Sold AUD, Bought GBP 5,563 for settlement on","page_number":35,"box":{"x":230,"y":426,"width":355,"height":12}},{"id":"285568a8-76c7-47a9-9841-37420c08c725","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":441,"width":83,"height":8}},{"id":"889c65fc-7f44-464a-a69f-64832c193514","block_type":"box","text":"(2)","page_number":35,"box":{"x":781,"y":441,"width":19,"height":11}},{"id":"4ce3a60c-c997-4eef-a29b-3bbf96ba188b","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":446,"width":9,"height":1}},{"id":"7ee8dc86-f20a-40a3-b7e4-4d34085e137f","block_type":"box","text":"AUD (1)","page_number":35,"box":{"x":135,"y":456,"width":60,"height":11}},{"id":"1d312b8c-c440-4778-aa09-5b92fb490027","block_type":"box","text":"Sold AUD, Bought GBP 1 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":456,"width":406,"height":11}},{"id":"4aa34372-4c93-4989-a2d8-7a1e48434e14","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":461,"width":9,"height":1}},{"id":"9542fc11-e70c-4fbc-a063-bd4934bc7330","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":461,"width":9,"height":1}},{"id":"7ad0ec82-55d6-4b87-b7b5-2276f05a96ae","block_type":"box","text":"AUD (2,743)","page_number":35,"box":{"x":102,"y":471,"width":93,"height":12}},{"id":"f80eefdf-8f50-4789-9db0-9e67d5417ac6","block_type":"box","text":"Sold AUD, Bought GBP 1,429 for settlement on","page_number":35,"box":{"x":230,"y":471,"width":355,"height":12}},{"id":"e201b115-6f42-4fdb-9aef-9b34ec74f810","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":486,"width":83,"height":8}},{"id":"2cd918b8-1ada-4d01-843e-ba7c3675e962","block_type":"box","text":"6","page_number":35,"box":{"x":791,"y":486,"width":8,"height":8}},{"id":"bdd4b262-240e-4fbc-aa54-d0992c55ecbc","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":491,"width":9,"height":1}},{"id":"16ffb5f4-c3ef-4259-9562-c6ddd4de3aec","block_type":"box","text":"AUD (1,832,247)","page_number":35,"box":{"x":70,"y":501,"width":125,"height":11}},{"id":"d3cd00d2-03c7-4e54-a832-b5669a531d52","block_type":"box","text":"Sold AUD, Bought GBP 971,229 for settlement on","page_number":35,"box":{"x":230,"y":501,"width":374,"height":11}},{"id":"2bfb248e-c062-44d2-bc31-d524dc0b194d","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":515,"width":83,"height":9}},{"id":"b4b6fa53-18ee-467d-8659-4a471daa3aa8","block_type":"box","text":"20,101","page_number":35,"box":{"x":749,"y":515,"width":48,"height":11}},{"id":"cc412720-5e5b-4c43-9cb3-d6ac5d9f9698","block_type":"box","text":"0.01","page_number":35,"box":{"x":925,"y":515,"width":29,"height":9}},{"id":"7d22f842-a45a-48ad-94a0-2378ef2e6489","block_type":"box","text":"AUD (30)","page_number":35,"box":{"x":126,"y":531,"width":69,"height":11}},{"id":"5e342829-90dd-4c61-99d9-0464aaced1d2","block_type":"box","text":"Sold AUD, Bought GBP 16 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":531,"width":415,"height":11}},{"id":"dfb645ee-1aea-45d3-96dc-5f70a9b7f3f8","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":536,"width":9,"height":1}},{"id":"bf088065-3d89-404b-bb48-3bdbc1d38546","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":536,"width":9,"height":1}},{"id":"70927bec-67b4-4ddb-ad2b-d62a8d338552","block_type":"box","text":"AUD (214,943)","page_number":35,"box":{"x":84,"y":546,"width":111,"height":11}},{"id":"fae6ceee-c59c-49b1-83cf-c631d5fde943","block_type":"box","text":"Sold AUD, Bought GBP 113,936 for settlement on","page_number":35,"box":{"x":230,"y":546,"width":373,"height":11}},{"id":"fdc0b3de-2e71-41a6-906f-3594fdf701f8","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":560,"width":83,"height":9}},{"id":"3b8b7a43-6099-4c1f-997f-6716cf284786","block_type":"box","text":"2,358","page_number":35,"box":{"x":759,"y":560,"width":40,"height":11}},{"id":"0c9219d1-4649-41e0-8d73-a5e9d1315e71","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":565,"width":9,"height":1}},{"id":"90509a99-4172-4af5-ac40-bae6f1562558","block_type":"box","text":"AUD (1,628)","page_number":35,"box":{"x":102,"y":576,"width":93,"height":11}},{"id":"31e15dce-90e3-4795-934f-c73edb86b00d","block_type":"box","text":"Sold AUD, Bought GBP 845 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":576,"width":424,"height":11}},{"id":"d6cbeb0a-a246-4501-b248-80659dc3f639","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":581,"width":9,"height":1}},{"id":"61711e44-9ab5-4216-9ce5-5fe18063db7f","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":581,"width":9,"height":1}},{"id":"4607f71a-c036-4bf5-868f-180c23a270bf","block_type":"box","text":"AUD (1,048)","page_number":35,"box":{"x":102,"y":591,"width":93,"height":11}},{"id":"5fb87de6-3cfe-4730-9d19-15d002cd5f90","block_type":"box","text":"Sold AUD, Bought GBP 544 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":591,"width":424,"height":11}},{"id":"28a0dae9-b9f9-41d3-8d25-75ad9b1194b6","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":596,"width":9,"height":1}},{"id":"e4f33f20-cbb7-4153-bebf-6613e1477bd2","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":596,"width":9,"height":1}},{"id":"7bc85a6f-399b-4620-b74c-5dc49e80acfe","block_type":"box","text":"AUD (3,801)","page_number":35,"box":{"x":102,"y":606,"width":93,"height":11}},{"id":"b7e15e18-ed94-4305-bdff-0df315316d89","block_type":"box","text":"Sold AUD, Bought GBP 1,972 for settlement on","page_number":35,"box":{"x":230,"y":606,"width":355,"height":11}},{"id":"5b024fc7-73df-46e4-9468-8f410c8482ce","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":620,"width":83,"height":9}},{"id":"a754a55f-687b-4fca-92bd-f77a91ec8676","block_type":"box","text":"(1)","page_number":35,"box":{"x":781,"y":620,"width":19,"height":12}},{"id":"49001d47-9fa6-44e1-a3bd-2bcd89737882","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":626,"width":9,"height":1}},{"id":"e4693b08-c210-465a-8ce5-661221aba170","block_type":"box","text":"AUD (77,784)","page_number":35,"box":{"x":93,"y":636,"width":102,"height":11}},{"id":"3ae6ed16-0860-451a-8260-cc3b19045081","block_type":"box","text":"Sold AUD, Bought GBP 41,231 for settlement on","page_number":35,"box":{"x":230,"y":636,"width":365,"height":11}},{"id":"02902970-971b-4a72-9f1a-d1b01054213f","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":650,"width":83,"height":9}},{"id":"2a9b8867-98f9-4026-9ff1-9e48fe696fb8","block_type":"box","text":"853","page_number":35,"box":{"x":773,"y":650,"width":26,"height":9}},{"id":"b3925d03-021b-469b-b641-7d4e9dd65ad5","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":655,"width":9,"height":1}},{"id":"73f85044-d07c-43e7-8dbc-4c391ed30044","block_type":"box","text":"AUD (182,095)","page_number":35,"box":{"x":84,"y":665,"width":111,"height":12}},{"id":"9497c318-7f7d-4808-b9a1-726efd4fc6c5","block_type":"box","text":"Sold AUD, Bought GBP 96,524 for settlement on","page_number":35,"box":{"x":230,"y":665,"width":365,"height":12}},{"id":"7803caa7-8fb2-4020-9bcb-5b011e141b0b","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":680,"width":83,"height":9}},{"id":"aa1ad95e-a712-4c8f-8632-7ce26f8fa003","block_type":"box","text":"1,998","page_number":35,"box":{"x":760,"y":680,"width":39,"height":10}},{"id":"b3e45ff9-8ba6-4016-a3cc-39b5030804fd","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":685,"width":9,"height":1}},{"id":"22667b76-b75b-485f-b0fe-f29066c61929","block_type":"box","text":"AUD (7,586)","page_number":35,"box":{"x":102,"y":695,"width":93,"height":11}},{"id":"5fd1c848-65bb-4582-9f80-4db1593cf6b2","block_type":"box","text":"Sold AUD, Bought GBP 3,953 for settlement on","page_number":35,"box":{"x":230,"y":695,"width":349,"height":11}},{"id":"3b87db0a-b43a-4b75-9a7f-ce18b8d7deaa","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":709,"width":83,"height":9}},{"id":"9c564f8e-e9fc-4534-a981-bf3095827256","block_type":"box","text":"15","page_number":35,"box":{"x":783,"y":710,"width":16,"height":8}},{"id":"557dd56c-6bf8-4612-90df-004b2604f83f","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":715,"width":9,"height":0}},{"id":"e8fc9572-c51a-46b9-aa6b-89b1f4c6e64f","block_type":"box","text":"AUD (1,364)","page_number":35,"box":{"x":102,"y":725,"width":93,"height":11}},{"id":"0291a9ab-17aa-4568-ab21-7ff079467f2d","block_type":"box","text":"Sold AUD, Bought GBP 711 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":725,"width":423,"height":11}},{"id":"1f83b1ab-80d1-43b3-be78-3d270b3a2a03","block_type":"box","text":"3","page_number":35,"box":{"x":792,"y":725,"width":7,"height":9}},{"id":"84949feb-425c-49c1-bba0-b0b0baf6a08e","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":730,"width":9,"height":1}},{"id":"24681b44-a1a4-4268-8dfc-b8211d3bc407","block_type":"box","text":"AUD (1,759)","page_number":35,"box":{"x":102,"y":740,"width":93,"height":11}},{"id":"9a3590b8-d064-4afa-a7f4-f279a21ba905","block_type":"box","text":"Sold AUD, Bought GBP 917 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":740,"width":424,"height":11}},{"id":"30dbb2bf-cb65-4fe2-b90f-1acec5e98eaa","block_type":"box","text":"4","page_number":35,"box":{"x":791,"y":740,"width":8,"height":9}},{"id":"ce9969fe-c0b9-4e8c-b407-829d3abcd8ed","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":745,"width":9,"height":1}},{"id":"eb488d49-32db-49fa-89ea-1db1b4a55c78","block_type":"box","text":"AUD (4,512)","page_number":35,"box":{"x":102,"y":755,"width":93,"height":12}},{"id":"88560d28-0375-4eb0-ac41-ef5171860893","block_type":"box","text":"Sold AUD, Bought GBP 2,342 for settlement on","page_number":35,"box":{"x":230,"y":755,"width":349,"height":12}},{"id":"bea4b5ae-5ea8-4e93-ac12-0fe5bf01a974","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":770,"width":83,"height":9}},{"id":"92d783e3-6dc2-4d4d-aedd-f961a8e55a8a","block_type":"box","text":"(1)","page_number":35,"box":{"x":781,"y":770,"width":19,"height":11}},{"id":"8684fa01-62dc-4bd3-8e86-59ca73783e3b","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":775,"width":9,"height":1}},{"id":"593e0381-684f-4ef8-adfd-4319c9fdee84","block_type":"box","text":"AUD (811)","page_number":35,"box":{"x":118,"y":785,"width":77,"height":11}},{"id":"95b412f7-96e7-4a2d-af12-148d4c3ea8de","block_type":"box","text":"Sold AUD, Bought GBP 421 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":785,"width":424,"height":11}},{"id":"c1e74688-4cc0-49ed-9943-37ca72f20fa1","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":790,"width":9,"height":1}},{"id":"7bd02ac6-06eb-4c75-9be5-bf0dd9f48f8d","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":790,"width":9,"height":1}},{"id":"fb965019-4292-4408-9045-f074358ed493","block_type":"box","text":"AUD 0","page_number":35,"box":{"x":146,"y":801,"width":49,"height":8}},{"id":"102a36bc-b438-473e-a6d3-952d2923504b","block_type":"box","text":"Sold AUD, Bought GBP – for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":800,"width":406,"height":12}},{"id":"1bd0d770-be4e-45a3-8a04-8fdcfeb912a5","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":806,"width":9,"height":1}},{"id":"1eb56e07-e15b-40b4-b693-04d276acdef6","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":806,"width":9,"height":1}},{"id":"8d298dca-267f-468b-b85c-8e153765598b","block_type":"box","text":"CHF (36,982)","page_number":35,"box":{"x":95,"y":816,"width":100,"height":11}},{"id":"c8d7a59b-91ae-4279-aa06-78b302ddf561","block_type":"box","text":"Sold CHF, Bought GBP 34,719 for settlement on","page_number":35,"box":{"x":230,"y":816,"width":357,"height":11}},{"id":"0d11d22b-831c-4d23-b225-8481ffa7321b","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":830,"width":83,"height":9}},{"id":"76a0a6a8-5459-487f-b503-8295f0ac90f2","block_type":"box","text":"206","page_number":35,"box":{"x":773,"y":830,"width":26,"height":9}},{"id":"96aaeff1-55d0-4d25-97e2-aed0a731ac76","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":835,"width":9,"height":1}},{"id":"b0433ee8-5b91-4927-933d-9538ffd1dcaa","block_type":"box","text":"CHF (1,379)","page_number":35,"box":{"x":104,"y":845,"width":91,"height":12}},{"id":"0b05e5ec-23f9-4baf-9004-234d9abbaa8f","block_type":"box","text":"Sold CHF, Bought GBP 1,292 for settlement on","page_number":35,"box":{"x":230,"y":845,"width":353,"height":12}},{"id":"b57a2580-08b4-4d0e-ad72-c342b5927729","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":860,"width":83,"height":9}},{"id":"4fac9315-b1e1-42b8-9baa-59555de08969","block_type":"box","text":"5","page_number":35,"box":{"x":792,"y":860,"width":7,"height":9}},{"id":"46f76454-8b43-437d-8f54-cb173d06d89b","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":865,"width":9,"height":1}},{"id":"e39fef5c-8dab-4be8-93de-a90274fd3b46","block_type":"box","text":"CHF (1,177)","page_number":35,"box":{"x":104,"y":875,"width":91,"height":11}},{"id":"054cc4e9-df1a-4aa7-97a1-033f5c60b639","block_type":"box","text":"Sold CHF, Bought GBP 1,101 for settlement on","page_number":35,"box":{"x":230,"y":875,"width":353,"height":11}},{"id":"7e157721-1341-4d91-b0a5-3c6fd384ab6e","block_type":"box","text":"24/07/2026","page_number":35,"box":{"x":229,"y":889,"width":83,"height":9}},{"id":"7bfd3147-d715-48b8-9d6a-3468762d9af6","block_type":"box","text":"2","page_number":35,"box":{"x":791,"y":889,"width":8,"height":9}},{"id":"d7ae9003-28e6-4a15-b1e5-7065f89eb5eb","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":895,"width":9,"height":0}},{"id":"09a47d22-ac8c-4acf-872e-dc1f0ecdd336","block_type":"box","text":"CHF 0","page_number":35,"box":{"x":148,"y":905,"width":47,"height":9}},{"id":"770226bd-97cc-4dc6-8ed5-4e6ed611267c","block_type":"box","text":"Sold CHF, Bought GBP – for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":905,"width":404,"height":11}},{"id":"a85da671-6e27-4738-b301-8d9fefb6f75f","block_type":"box","text":"–","page_number":35,"box":{"x":791,"y":910,"width":9,"height":1}},{"id":"c79d9f94-68f2-42c2-bbce-9e1f1ca10500","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":910,"width":9,"height":1}},{"id":"1edf3dde-33aa-4e1b-8d47-9571f1629589","block_type":"box","text":"CHF (912)","page_number":35,"box":{"x":118,"y":920,"width":77,"height":11}},{"id":"046c49ca-f825-47a6-bd97-ec7e365b402e","block_type":"box","text":"Sold CHF, Bought GBP 852 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":920,"width":423,"height":11}},{"id":"dfdae9de-325e-4424-b742-37427bd6e151","block_type":"box","text":"2","page_number":35,"box":{"x":791,"y":920,"width":8,"height":9}},{"id":"c898db5c-346c-4903-b515-3e075db34404","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":925,"width":9,"height":1}},{"id":"42a60c57-4593-4194-87b5-bc04198f144f","block_type":"box","text":"CHF (294)","page_number":35,"box":{"x":118,"y":935,"width":77,"height":12}},{"id":"7a3ba0c8-c8c1-4d9a-97dc-19db72b9c90b","block_type":"box","text":"Sold CHF, Bought GBP 276 for settlement on 24/07/2026","page_number":35,"box":{"x":230,"y":935,"width":423,"height":12}},{"id":"a97dd2fd-8bd3-4f0e-80e0-31273c4ae35b","block_type":"box","text":"1","page_number":35,"box":{"x":793,"y":936,"width":4,"height":8}},{"id":"0e7abfed-8277-46ca-bc3b-cff92ecbde6a","block_type":"box","text":"–","page_number":35,"box":{"x":948,"y":941,"width":9,"height":0}},{"id":"9773b9be-9f37-4f9e-b391-e21d97ddd675","block_type":"box","text":"35","page_number":36,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"4f9ebe15-65a9-46bb-a8f3-c93719036139","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":36,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"c030b516-829c-4e38-a1ff-843c2cf2bef1","block_type":"box","text":"Portfolio Statement (continued)","page_number":36,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"53e40776-de10-49d5-a70e-58e454f22ff3","block_type":"box","text":"Holding","page_number":36,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"ae846d49-78b3-428b-af21-6d6144a4be84","block_type":"box","text":"Investment","page_number":36,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"8c2dfadd-1f99-4df6-96c0-f4544dbbf825","block_type":"box","text":"Market","page_number":36,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"ca401f89-9566-40e7-9cc0-9fdb00d26dca","block_type":"box","text":"Value","page_number":36,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"a77a5c07-45e3-4952-a1d0-22832d017337","block_type":"box","text":"£","page_number":36,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"297ae560-a685-4c3f-97f8-736bfc880a7e","block_type":"box","text":"% of","page_number":36,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"2d1f4a66-98f1-4a26-83f9-c3844aca970d","block_type":"box","text":"Net Assets","page_number":36,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"8dde2343-a66a-48c4-9362-4cae71db123a","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":36,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"2455a397-6e07-45f3-bf6c-abb64492abe3","block_type":"box","text":"CHF (19)","page_number":36,"box":{"x":127,"y":183,"width":68,"height":11}},{"id":"0fb1a06d-3c4e-4342-9f98-0fceac98f8f9","block_type":"box","text":"Sold CHF, Bought GBP 17 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":183,"width":413,"height":11}},{"id":"1befc0f7-eb09-4541-9907-020e058399ad","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"19939ca3-802b-4987-90d1-555dacc0f294","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"943d04d1-53ef-4216-a9ec-4151785d0120","block_type":"box","text":"CHF (57,754)","page_number":36,"box":{"x":95,"y":198,"width":100,"height":11}},{"id":"5d5280cf-78d9-4850-8ce6-c7a6848e3512","block_type":"box","text":"Sold CHF, Bought GBP 54,219 for settlement on","page_number":36,"box":{"x":230,"y":198,"width":363,"height":11}},{"id":"3bd8532d-f0e5-40a0-b6d1-7febe15f96c3","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"198f63b9-b0b0-4e1b-ab34-5a523f2c6f21","block_type":"box","text":"322","page_number":36,"box":{"x":773,"y":212,"width":26,"height":9}},{"id":"adb18dea-3756-40a1-a1e0-c875160e0310","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"65fe0a58-412d-44d8-bc0b-7b744f18baf2","block_type":"box","text":"CHF 0","page_number":36,"box":{"x":148,"y":228,"width":47,"height":9}},{"id":"72f6e94e-3c44-4401-8e6e-974bf2b0897e","block_type":"box","text":"Sold CHF, Bought GBP – for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":228,"width":404,"height":11}},{"id":"4f73cb7c-8957-480e-a894-086baddd67be","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"c4384cf9-6217-4d2f-b3d7-82a59b066a95","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"ab6e2cd5-a29f-48bb-8645-d7800dc0b14c","block_type":"box","text":"CHF (1,360,424)","page_number":36,"box":{"x":71,"y":243,"width":124,"height":11}},{"id":"3a361316-9f6a-40cd-9202-16f183e01cc7","block_type":"box","text":"Sold CHF, Bought GBP 1,277,168 for settlement on","page_number":36,"box":{"x":230,"y":243,"width":386,"height":11}},{"id":"209b57a9-aaa3-45fa-baea-304d326153f6","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":257,"width":83,"height":9}},{"id":"4d8c9a7a-c871-48dc-8eb9-bd7134646eb8","block_type":"box","text":"7,590","page_number":36,"box":{"x":759,"y":257,"width":40,"height":11}},{"id":"cef274f0-8a08-410a-a244-d00a87f3b7c6","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"a5f0cae3-356b-4c2a-8837-fcc4e5d413d9","block_type":"box","text":"CHF (2,149)","page_number":36,"box":{"x":104,"y":273,"width":91,"height":11}},{"id":"3b2f99f3-2c65-4836-a334-c6ef0725db8e","block_type":"box","text":"Sold CHF, Bought GBP 2,014 for settlement on","page_number":36,"box":{"x":230,"y":273,"width":353,"height":11}},{"id":"39ad9ab4-5c21-4008-a56f-9bae03064d4d","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"0eed0432-75e7-4465-8862-e2b76163ef5e","block_type":"box","text":"8","page_number":36,"box":{"x":792,"y":287,"width":7,"height":9}},{"id":"e898351c-263d-4be0-81de-b7c54e0bc89c","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"555bbf60-56b5-4e9c-a157-d24ef4eb13a0","block_type":"box","text":"CHF (1,830)","page_number":36,"box":{"x":104,"y":302,"width":91,"height":12}},{"id":"2914f4b5-aa70-4b0c-b4fb-1cefcb6c1fb7","block_type":"box","text":"Sold CHF, Bought GBP 1,711 for settlement on","page_number":36,"box":{"x":230,"y":302,"width":352,"height":12}},{"id":"046ee207-71f5-4aec-a1a2-df6e06efe1da","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":317,"width":83,"height":8}},{"id":"05e5b907-2081-45cd-8c6d-0fefee3fca69","block_type":"box","text":"3","page_number":36,"box":{"x":792,"y":317,"width":7,"height":8}},{"id":"7d718d3f-074f-40f7-a22c-dc64419794ce","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"772f059a-8279-4dd0-9203-9e80ddc520ce","block_type":"box","text":"CHF (19)","page_number":36,"box":{"x":127,"y":332,"width":68,"height":11}},{"id":"deb93850-b33a-4816-94ba-045982c2aeb9","block_type":"box","text":"Sold CHF, Bought GBP 17 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":332,"width":413,"height":11}},{"id":"0bb00c3c-48ef-4e28-83cf-f7dc96e564b9","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":337,"width":9,"height":1}},{"id":"71024a76-e6cc-4ab6-8ba5-1b4ebf235da1","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"7ff902d7-a381-4d19-9b14-f76375379114","block_type":"box","text":"CHF (135,204)","page_number":36,"box":{"x":85,"y":347,"width":110,"height":12}},{"id":"8a826992-799c-4b40-b2f7-98f61227f1e8","block_type":"box","text":"Sold CHF, Bought GBP 126,930 for settlement on","page_number":36,"box":{"x":230,"y":347,"width":372,"height":12}},{"id":"ffadefaf-aa1b-44cb-9de8-5b17cf3d4e93","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":362,"width":83,"height":8}},{"id":"bcd42864-0dbe-46f4-8e42-19b9026d3524","block_type":"box","text":"754","page_number":36,"box":{"x":773,"y":362,"width":26,"height":8}},{"id":"332323a0-1892-43e0-a91e-2e4ad7b5c1bc","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"e258ecc7-04a4-4915-b817-fb8a220e9f73","block_type":"box","text":"CHF (1)","page_number":36,"box":{"x":137,"y":377,"width":58,"height":11}},{"id":"7115104a-d1f3-42b7-ac90-11d58602b1b3","block_type":"box","text":"Sold CHF, Bought GBP 1 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":377,"width":404,"height":11}},{"id":"7f98e1c1-a379-4f6a-93c0-485b0665ad55","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":382,"width":9,"height":1}},{"id":"58214d1a-6a54-4fc4-a6e8-a3908267a0a1","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":382,"width":9,"height":1}},{"id":"d1b67a9c-6ee6-4e1d-bff4-38afe71b420d","block_type":"box","text":"CHF (55)","page_number":36,"box":{"x":127,"y":392,"width":68,"height":12}},{"id":"405e77cb-c419-4dc4-95b4-9b4f8e7f890b","block_type":"box","text":"Sold CHF, Bought GBP 51 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":392,"width":413,"height":12}},{"id":"ed49ce3b-f98c-4953-ae6e-82ec77d570ae","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":397,"width":9,"height":1}},{"id":"395226d1-c39c-4444-a9f8-99e955bc26b3","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"a18778da-c015-4956-8212-70c7eb46e1f1","block_type":"box","text":"CHF 0","page_number":36,"box":{"x":148,"y":408,"width":47,"height":9}},{"id":"8596537b-5d87-432a-a1b7-a42597261418","block_type":"box","text":"Sold CHF, Bought GBP – for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":408,"width":404,"height":11}},{"id":"22018775-a4fb-4e22-8ea7-320977cca6ff","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":413,"width":9,"height":1}},{"id":"553fdcea-8060-404b-98d4-261a9e399b5f","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"866d7a6c-8e7b-40f9-90bd-31267cd984ed","block_type":"box","text":"CHF (5,012)","page_number":36,"box":{"x":104,"y":423,"width":91,"height":11}},{"id":"456cb165-3db8-41dc-b2d7-28ae28db367b","block_type":"box","text":"Sold CHF, Bought GBP 4,696 for settlement on","page_number":36,"box":{"x":230,"y":423,"width":353,"height":11}},{"id":"1418e652-d3d8-47b2-871a-29350203655a","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":437,"width":83,"height":9}},{"id":"51cbc176-49c6-4562-a62e-616fe59602e6","block_type":"box","text":"20","page_number":36,"box":{"x":782,"y":437,"width":17,"height":9}},{"id":"aa2cd39e-f2c0-4bdc-9434-99299b989957","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"39a5f250-b577-49af-ad32-54efc38bde38","block_type":"box","text":"CHF (4,271)","page_number":36,"box":{"x":104,"y":453,"width":91,"height":11}},{"id":"b090c336-a534-4faf-b9c2-34bd158cd905","block_type":"box","text":"Sold CHF, Bought GBP 3,993 for settlement on","page_number":36,"box":{"x":230,"y":453,"width":353,"height":11}},{"id":"19ac5b3d-0f04-4469-938a-462c0e17dfb8","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":467,"width":83,"height":9}},{"id":"ac008919-c7f5-46e5-833e-5ee9ad8348c7","block_type":"box","text":"7","page_number":36,"box":{"x":792,"y":467,"width":7,"height":9}},{"id":"69144c0d-b1d8-4bac-a02f-ce042acab605","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"828b71ed-b454-4388-8927-8c9f92a041ab","block_type":"box","text":"CHF (336)","page_number":36,"box":{"x":118,"y":482,"width":77,"height":11}},{"id":"6533b76e-ebc6-4f1e-909d-bad6f293c2bc","block_type":"box","text":"Sold CHF, Bought GBP 314 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":482,"width":423,"height":11}},{"id":"b3cb6c7c-11c1-4802-81b8-ffbb4f951f82","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":487,"width":9,"height":1}},{"id":"5f3e7a67-837c-470d-bef4-ec13d265d881","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"49265b4e-8945-4bd6-a081-053d85a0bc95","block_type":"box","text":"CHF (192)","page_number":36,"box":{"x":118,"y":498,"width":77,"height":11}},{"id":"0b98619f-46a7-4ce8-ab3a-1e69bfcdcb73","block_type":"box","text":"Sold CHF, Bought GBP 179 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":498,"width":423,"height":11}},{"id":"45199faa-5067-42d2-9d2b-d28213e4dacd","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":503,"width":9,"height":1}},{"id":"e4396dba-4ae6-498f-a597-7aaa13a36269","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"a6dab243-03ea-4c71-8323-fc1c7c586894","block_type":"box","text":"CHF (42,754)","page_number":36,"box":{"x":95,"y":513,"width":100,"height":11}},{"id":"8273fc33-9709-40ab-8ec0-5f0a4dafbc9b","block_type":"box","text":"Sold CHF, Bought GBP 39,973 for settlement on","page_number":36,"box":{"x":230,"y":513,"width":363,"height":11}},{"id":"9f283a2f-0787-401e-9972-5e250e3d621a","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"3ec6f2b9-1d35-44e7-9059-cb451f11a9cc","block_type":"box","text":"74","page_number":36,"box":{"x":782,"y":527,"width":17,"height":9}},{"id":"501002cf-9a3f-4156-949b-0218a05cc80b","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"f7cf0a48-e8be-41fb-a537-0e5c2653e942","block_type":"box","text":"CHF (49)","page_number":36,"box":{"x":127,"y":543,"width":68,"height":11}},{"id":"bc843631-e37a-41a2-979f-c758eecfde20","block_type":"box","text":"Sold CHF, Bought GBP 46 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":543,"width":413,"height":11}},{"id":"7d36bb24-fa50-431c-ad10-400964c2ad82","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":548,"width":9,"height":1}},{"id":"cd0bf8f3-d856-4707-a0ed-d454e7e549a6","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":548,"width":9,"height":1}},{"id":"b5513383-6928-4fce-b68c-07a3ddc68ceb","block_type":"box","text":"CHF (2)","page_number":36,"box":{"x":137,"y":558,"width":58,"height":11}},{"id":"e67fc730-02fc-4d98-8ead-74c9f9b82a75","block_type":"box","text":"Sold CHF, Bought GBP 2 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":558,"width":404,"height":11}},{"id":"ce39eab6-ea7f-4c9a-813e-441fd0875dac","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":563,"width":9,"height":1}},{"id":"502a30bb-7eef-4a8e-a0b0-6756e10bf3a2","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":563,"width":9,"height":1}},{"id":"4b030ae8-fa54-407c-9846-4d84d3691863","block_type":"box","text":"CHF (50,475)","page_number":36,"box":{"x":95,"y":573,"width":100,"height":12}},{"id":"29dabe6e-2626-4a20-9130-cfa89ed13b55","block_type":"box","text":"Sold CHF, Bought GBP 47,301 for settlement on","page_number":36,"box":{"x":230,"y":573,"width":363,"height":12}},{"id":"0081229d-992a-4d85-b9b8-99541b452d01","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":588,"width":83,"height":8}},{"id":"3858ecc3-1a94-49df-b1f2-0356881f4d7e","block_type":"box","text":"197","page_number":36,"box":{"x":774,"y":588,"width":25,"height":8}},{"id":"149a44ea-e653-406b-98cd-21418845346b","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":593,"width":9,"height":1}},{"id":"8c42873d-ec2d-4b50-9883-74a3731a5f4e","block_type":"box","text":"CHF (85)","page_number":36,"box":{"x":127,"y":603,"width":68,"height":11}},{"id":"d557ec5c-1b4f-4e87-8699-909fc4e4436d","block_type":"box","text":"Sold CHF, Bought GBP 80 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":603,"width":413,"height":11}},{"id":"490a7381-8e44-401a-82b4-1993d1b01c8c","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":608,"width":9,"height":1}},{"id":"6af3a535-dbc2-4659-8e5b-0308f5de10b0","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":608,"width":9,"height":1}},{"id":"ab1e73ec-7c55-4e62-9dea-393cb1f8f129","block_type":"box","text":"CHF (1,069)","page_number":36,"box":{"x":104,"y":618,"width":91,"height":12}},{"id":"8551c663-99d3-43f9-8909-197d610b1a26","block_type":"box","text":"Sold CHF, Bought GBP 1,002 for settlement on","page_number":36,"box":{"x":230,"y":618,"width":353,"height":12}},{"id":"9ba410e7-3a65-4914-b913-3adf309f3a31","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":633,"width":83,"height":8}},{"id":"0bb88174-4375-4e63-946d-2b9924bb3d51","block_type":"box","text":"4","page_number":36,"box":{"x":791,"y":633,"width":8,"height":8}},{"id":"00ca8ac3-7a25-4025-a79f-a7941a036bf2","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":638,"width":9,"height":1}},{"id":"a3facd8d-2789-4c8a-8427-c029b4247f0d","block_type":"box","text":"CHF (6)","page_number":36,"box":{"x":137,"y":648,"width":58,"height":11}},{"id":"8a37185a-3d62-42e2-bdd8-1d1600eba414","block_type":"box","text":"Sold CHF, Bought GBP 5 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":648,"width":404,"height":11}},{"id":"700d65ed-6588-452f-9f4c-9d760adc8b5c","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":653,"width":9,"height":1}},{"id":"88e6b12e-2c02-4fad-b047-28bde755e7ad","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":653,"width":9,"height":1}},{"id":"7d8a35d8-d1d3-41c7-8ce2-b9ffc9ad3869","block_type":"box","text":"CHF (5)","page_number":36,"box":{"x":137,"y":663,"width":58,"height":12}},{"id":"ad9941c3-38eb-403d-8cb1-ecc8ffecb64b","block_type":"box","text":"Sold CHF, Bought GBP 5 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":663,"width":404,"height":12}},{"id":"78620c85-acf4-4912-8357-4d82c1bd05a0","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":668,"width":9,"height":1}},{"id":"3a07f33d-bbaf-4efd-83b5-e125f441a6ec","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":668,"width":9,"height":1}},{"id":"36b243d7-2f14-43c3-8b01-aff1b88c4640","block_type":"box","text":"CHF (377,896)","page_number":36,"box":{"x":85,"y":679,"width":110,"height":11}},{"id":"81304ba6-b4d4-4756-890a-251d49a8a319","block_type":"box","text":"Sold CHF, Bought GBP 354,769 for settlement on","page_number":36,"box":{"x":230,"y":679,"width":372,"height":11}},{"id":"e8aaa53f-e330-4dfe-a01e-99adf94faf9a","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":693,"width":83,"height":9}},{"id":"5eb188c9-03a1-4483-a12d-72a6ea56eaa7","block_type":"box","text":"2,108","page_number":36,"box":{"x":759,"y":693,"width":40,"height":10}},{"id":"35c0c524-0f8f-456c-836b-155a510b5bd1","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":698,"width":9,"height":1}},{"id":"7cf1cc67-ca07-4209-8ded-4870309a1106","block_type":"box","text":"CHF (153)","page_number":36,"box":{"x":118,"y":708,"width":77,"height":12}},{"id":"020cb02d-3d3b-462e-a80a-220afbb650ec","block_type":"box","text":"Sold CHF, Bought GBP 144 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":708,"width":423,"height":12}},{"id":"43850c36-ab97-457c-94b7-3f500d9a3ea0","block_type":"box","text":"1","page_number":36,"box":{"x":793,"y":708,"width":4,"height":9}},{"id":"dca487f8-484b-40fd-825a-a63575bfa160","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":713,"width":9,"height":1}},{"id":"58e71cc9-e97d-4a1a-9597-29dd7d934fa8","block_type":"box","text":"CHF (14)","page_number":36,"box":{"x":127,"y":724,"width":68,"height":11}},{"id":"1cc47f40-7b1b-4824-aab6-db9b26872a9b","block_type":"box","text":"Sold CHF, Bought GBP 13 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":724,"width":413,"height":11}},{"id":"69784e78-8bea-46ee-8802-dec15f355f8e","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":729,"width":9,"height":1}},{"id":"5a911695-411d-4188-8072-4ad1c6cab3c7","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":729,"width":9,"height":1}},{"id":"64139119-8875-4e22-bd1b-2c6cd0003470","block_type":"box","text":"CHF (159,593)","page_number":36,"box":{"x":85,"y":739,"width":110,"height":11}},{"id":"c63b037d-c299-4962-9cf6-97bf0e8e5660","block_type":"box","text":"Sold CHF, Bought GBP 149,826 for settlement on","page_number":36,"box":{"x":230,"y":739,"width":366,"height":11}},{"id":"03e89d35-c1d7-4cd6-aace-0374512e069b","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":753,"width":83,"height":9}},{"id":"e6a27bbe-7677-47f4-b551-f13a5f642a1e","block_type":"box","text":"890","page_number":36,"box":{"x":773,"y":753,"width":26,"height":9}},{"id":"55b002e1-158e-4581-bcff-73b89add9105","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":758,"width":9,"height":1}},{"id":"1a675bed-66a2-490b-b7d8-a947e199df2b","block_type":"box","text":"CHF (5,945)","page_number":36,"box":{"x":104,"y":769,"width":91,"height":11}},{"id":"7d82665b-46e4-4ad4-918b-7a0fd88ba324","block_type":"box","text":"Sold CHF, Bought GBP 5,571 for settlement on","page_number":36,"box":{"x":230,"y":769,"width":347,"height":11}},{"id":"3e7becae-3815-4591-8e5a-394878657b3a","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":783,"width":83,"height":9}},{"id":"9c023a2a-223f-4b22-b23b-b0dc5c9a0689","block_type":"box","text":"23","page_number":36,"box":{"x":782,"y":783,"width":17,"height":9}},{"id":"07edc7f7-ddf7-4d1e-9ab6-7fdade8423fe","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":788,"width":9,"height":1}},{"id":"3f10a112-a651-4506-883f-2d131b1c9ee9","block_type":"box","text":"CHF (5,071)","page_number":36,"box":{"x":104,"y":798,"width":91,"height":11}},{"id":"4d4708ec-cb71-49d9-8d4c-5bf14666bd3f","block_type":"box","text":"Sold CHF, Bought GBP 4,741 for settlement on","page_number":36,"box":{"x":230,"y":798,"width":347,"height":11}},{"id":"1798800c-c292-4ba9-8bcf-e18ec2dd843d","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":812,"width":83,"height":9}},{"id":"5cbb392c-a91f-4f2e-b8f4-3a95c0ec3967","block_type":"box","text":"9","page_number":36,"box":{"x":792,"y":813,"width":7,"height":8}},{"id":"998cd8c4-8261-4b25-97cc-3533b16db7b7","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":818,"width":9,"height":1}},{"id":"da091241-1447-4232-b69a-21a763016e00","block_type":"box","text":"CHF (788)","page_number":36,"box":{"x":118,"y":828,"width":77,"height":11}},{"id":"8a9da656-694b-4c8f-bd7c-66a6eee8d7ab","block_type":"box","text":"Sold CHF, Bought GBP 740 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":828,"width":423,"height":11}},{"id":"8dd44900-7ba0-4534-8510-333560691cae","block_type":"box","text":"4","page_number":36,"box":{"x":791,"y":828,"width":8,"height":9}},{"id":"b723b997-b56d-4829-b610-201709f2179a","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":833,"width":9,"height":1}},{"id":"dac695e7-1610-4382-8052-24a850d112ce","block_type":"box","text":"CHF (1)","page_number":36,"box":{"x":137,"y":843,"width":58,"height":11}},{"id":"ddb794ec-3fb7-42a9-9859-0bc55f8ab485","block_type":"box","text":"Sold CHF, Bought GBP 1 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":843,"width":404,"height":11}},{"id":"8c4b6010-d54a-4196-8a79-66acb5bf3fbc","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":848,"width":9,"height":1}},{"id":"8c51e7f0-0015-42d8-87e9-57c00431029a","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":848,"width":9,"height":1}},{"id":"23ae4b0f-a866-4114-8b2e-3cd95b3b5c9f","block_type":"box","text":"CHF (29)","page_number":36,"box":{"x":127,"y":859,"width":68,"height":11}},{"id":"dbbf2b3a-8865-48d6-ae46-aadff73a0f22","block_type":"box","text":"Sold CHF, Bought GBP 28 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":859,"width":413,"height":11}},{"id":"e1b1d989-cd9e-4381-924f-7301281fdeb8","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":864,"width":9,"height":1}},{"id":"e21f564e-5d72-49f6-8cbd-40bdc6035bb4","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":864,"width":9,"height":1}},{"id":"ade7dacc-91bd-4bad-ad09-2cea98fde2b8","block_type":"box","text":"CHF (25)","page_number":36,"box":{"x":127,"y":874,"width":68,"height":11}},{"id":"8e7efc7d-f065-4ea5-a4fa-7aa5fcd725be","block_type":"box","text":"Sold CHF, Bought GBP 23 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":874,"width":413,"height":11}},{"id":"ec25aa6d-f3e4-4c4c-a483-47d4f20a6f48","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":879,"width":9,"height":1}},{"id":"4f1f2a15-3bb8-4f2d-823e-70fae085ffcf","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":879,"width":9,"height":1}},{"id":"a78af253-f536-42da-a11f-c444eb0cf636","block_type":"box","text":"CHF (1)","page_number":36,"box":{"x":137,"y":889,"width":58,"height":12}},{"id":"dd17d6e4-58ca-456b-97e5-5115973bbc77","block_type":"box","text":"Sold CHF, Bought GBP 1 for settlement on 24/07/2026","page_number":36,"box":{"x":230,"y":889,"width":404,"height":12}},{"id":"d4edf79f-966d-4dce-88d6-0fd07c1f4520","block_type":"box","text":"–","page_number":36,"box":{"x":791,"y":895,"width":9,"height":0}},{"id":"a7ca349b-4e69-4004-905e-a7d75231f36d","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":895,"width":9,"height":0}},{"id":"7d8c6607-ff2f-4a77-a767-f22d8b0e2442","block_type":"box","text":"CHF (1,297)","page_number":36,"box":{"x":104,"y":905,"width":91,"height":11}},{"id":"bd4a1e50-7cce-4864-9554-fdeab90a42d2","block_type":"box","text":"Sold CHF, Bought GBP 1,217 for settlement on","page_number":36,"box":{"x":230,"y":905,"width":353,"height":11}},{"id":"d7e22915-bd01-4c54-945f-b6e7c7e6de98","block_type":"box","text":"24/07/2026","page_number":36,"box":{"x":229,"y":919,"width":83,"height":9}},{"id":"828527ce-2280-42e6-9819-2665e1580895","block_type":"box","text":"6","page_number":36,"box":{"x":791,"y":919,"width":8,"height":9}},{"id":"1d93d2cc-ab69-4796-99b6-c28d99fed848","block_type":"box","text":"–","page_number":36,"box":{"x":948,"y":924,"width":9,"height":1}},{"id":"856f07d3-b223-4689-be29-03fef5ac217e","block_type":"box","text":"36","page_number":37,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"8141cd8b-b354-47ae-994e-4f0e6a01fa74","block_type":"box","text":"37","page_number":37,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"611274fb-9f6a-4b46-8445-a48d34fbfd24","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":37,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"dc4a79b9-4c5b-4ff9-ab71-84848c7da55a","block_type":"box","text":"Portfolio Statement (continued)","page_number":37,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"47674fd9-d3a1-4d8d-86af-a66055778240","block_type":"box","text":"Holding","page_number":37,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"45682135-72e1-44dc-8cf9-31883236b1eb","block_type":"box","text":"Investment","page_number":37,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"0fc0c977-22db-4f60-85ad-6c864405dccf","block_type":"box","text":"Market","page_number":37,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"c79ef15a-a663-40b5-94d9-a590e9756f7c","block_type":"box","text":"Value","page_number":37,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"68fb1a5f-df92-46a3-be04-fbe1ec3b64ed","block_type":"box","text":"£","page_number":37,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"9acbd850-64f8-4db0-8075-2913b8dbe781","block_type":"box","text":"% of","page_number":37,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"74a89726-6874-4d48-8669-a7d4879266ea","block_type":"box","text":"Net Assets","page_number":37,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"9780c215-ecfe-4bc0-b1c0-b23da13d66e1","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":37,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"e483553a-eb88-4e18-b0ac-35802e8003e2","block_type":"box","text":"CHF (28,711)","page_number":37,"box":{"x":96,"y":183,"width":99,"height":11}},{"id":"1a41dff7-0878-486d-a57f-96dcc9919cdf","block_type":"box","text":"Sold CHF, Bought GBP 26,954 for settlement on","page_number":37,"box":{"x":230,"y":183,"width":363,"height":11}},{"id":"e8ac35ac-a01c-4dff-b54c-157386a1b827","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"42438443-b51b-40e1-b9db-191d490d633b","block_type":"box","text":"160","page_number":37,"box":{"x":774,"y":197,"width":25,"height":9}},{"id":"cebcbdf5-aa89-4c51-978f-45076070fc5a","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"fc2266e4-d871-4c4f-ba3f-feeb3d996606","block_type":"box","text":"CHF (14,072)","page_number":37,"box":{"x":95,"y":212,"width":100,"height":12}},{"id":"bdeb93fc-5653-4c24-b0bc-6e3c6b4316ee","block_type":"box","text":"Sold CHF, Bought GBP 13,187 for settlement on","page_number":37,"box":{"x":230,"y":212,"width":363,"height":12}},{"id":"d44b2d2d-ee99-4541-851b-aab687499f3c","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"5001dd22-d57f-47fa-87f0-4b187e3d5fc6","block_type":"box","text":"55","page_number":37,"box":{"x":782,"y":227,"width":17,"height":8}},{"id":"8d475ee6-8009-4f3d-9d21-08d61e71bfb3","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"0ecb449c-28fb-46d3-8ab9-db2934cab659","block_type":"box","text":"CHF (12,090)","page_number":37,"box":{"x":95,"y":242,"width":100,"height":11}},{"id":"410c3e14-0a44-4fd9-9cb8-17c6e3492577","block_type":"box","text":"Sold CHF, Bought GBP 11,304 for settlement on","page_number":37,"box":{"x":230,"y":242,"width":361,"height":11}},{"id":"0972921f-53f3-4d8b-b578-71208c3b51da","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"b320650d-add0-4604-8bb7-e08597eab0de","block_type":"box","text":"21","page_number":37,"box":{"x":782,"y":256,"width":15,"height":9}},{"id":"887058b6-4fb7-4361-975a-85e6b39d8023","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"28075e8f-9670-4c33-ae16-c479e05c89cb","block_type":"box","text":"EUR (10,226,634)","page_number":37,"box":{"x":62,"y":272,"width":133,"height":11}},{"id":"5877971a-a2c3-441f-accd-cb214c3803a7","block_type":"box","text":"Sold EUR, Bought GBP 8,876,429 for settlement on","page_number":37,"box":{"x":230,"y":272,"width":389,"height":11}},{"id":"2e10deff-873c-42c9-ba0a-ad8524195743","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"b6947fe7-34bd-4ce4-b557-4603d6e48921","block_type":"box","text":"111,2","page_number":37,"box":{"x":744,"y":286,"width":37,"height":10}},{"id":"1bbc2c08-18db-4cef-a9e5-3a9545add81c","block_type":"box","text":"70","page_number":37,"box":{"x":782,"y":286,"width":17,"height":9}},{"id":"ceeeafeb-af0b-4625-b987-03e614c4b3c0","block_type":"box","text":"0.04","page_number":37,"box":{"x":925,"y":286,"width":31,"height":9}},{"id":"07f60558-fdb3-41fa-b0d4-326736064a08","block_type":"box","text":"EUR (6,033)","page_number":37,"box":{"x":104,"y":301,"width":91,"height":11}},{"id":"8b95e5cb-b9b1-4a16-85cb-2ca786185877","block_type":"box","text":"Sold EUR, Bought GBP 5,168 for settlement on","page_number":37,"box":{"x":230,"y":301,"width":356,"height":11}},{"id":"de5714b7-83fe-4e4e-b92c-0bdd7c5f4b38","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"5f2614da-e3c9-4234-864e-012f44cefa8f","block_type":"box","text":"(5)","page_number":37,"box":{"x":781,"y":315,"width":19,"height":12}},{"id":"c0be0e2f-8b03-4b3b-b5fa-c0b6bfeddef1","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"3308a87c-9c2c-4e6b-98ec-fca6ca979f8b","block_type":"box","text":"EUR (32)","page_number":37,"box":{"x":127,"y":331,"width":68,"height":11}},{"id":"323c2829-9299-4c8a-909e-cbe14c725fa5","block_type":"box","text":"Sold EUR, Bought GBP 28 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":331,"width":416,"height":11}},{"id":"186ef269-b428-4f0f-98aa-4a6d22106fe7","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":336,"width":9,"height":1}},{"id":"a716b11a-6bcf-484d-a3e5-d53ca7c6399b","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":336,"width":9,"height":1}},{"id":"01c0bdce-f6b1-42c7-aecb-def24614fd96","block_type":"box","text":"EUR (140)","page_number":37,"box":{"x":118,"y":346,"width":77,"height":11}},{"id":"c6c67220-f355-4171-a0e9-aa0471a35b95","block_type":"box","text":"Sold EUR, Bought GBP 121 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":346,"width":425,"height":11}},{"id":"354cbd49-eff4-48e4-a279-db87e5da697b","block_type":"box","text":"1","page_number":37,"box":{"x":793,"y":346,"width":4,"height":9}},{"id":"543d3f80-6d3c-4d0b-9e35-269c44e98374","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"8a26f596-5629-4617-a70f-315d5cf0d003","block_type":"box","text":"EUR (27,718)","page_number":37,"box":{"x":94,"y":362,"width":101,"height":11}},{"id":"4976c7dc-4287-4afc-aa63-b71d0dfe25ba","block_type":"box","text":"Sold EUR, Bought GBP 23,745 for settlement on","page_number":37,"box":{"x":230,"y":362,"width":365,"height":11}},{"id":"6d6303e5-f5eb-471e-9616-975c7a14e096","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":376,"width":83,"height":9}},{"id":"78f22109-cd91-41cc-a800-43b459b231d7","block_type":"box","text":"(21)","page_number":37,"box":{"x":771,"y":376,"width":29,"height":11}},{"id":"8c2057b7-cfb7-46b0-8acd-8e998613eefb","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":381,"width":9,"height":1}},{"id":"bfad244a-a44e-4c3d-858f-f2dedd9f70ba","block_type":"box","text":"EUR (11)","page_number":37,"box":{"x":128,"y":391,"width":67,"height":11}},{"id":"0380e026-0151-4552-82aa-f833f2e8ed01","block_type":"box","text":"Sold EUR, Bought GBP 9 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":391,"width":407,"height":11}},{"id":"b3b118d2-962c-49a1-bf2c-b7ec4170f6df","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":396,"width":9,"height":1}},{"id":"d1c9accd-40a3-4484-ae99-8f41147e681f","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"fb284abf-21a7-4378-95e4-fb92eb777f02","block_type":"box","text":"EUR (7,790)","page_number":37,"box":{"x":104,"y":407,"width":91,"height":11}},{"id":"2d1a10d0-5856-488f-9fb9-96ea8b405091","block_type":"box","text":"Sold EUR, Bought GBP 6,674 for settlement on","page_number":37,"box":{"x":230,"y":407,"width":356,"height":11}},{"id":"d9e2c66e-7fc6-4a2b-b0d6-c2b1241a273a","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"fa38f83d-9e55-46cd-a121-2a8e3a3d9b13","block_type":"box","text":"(6)","page_number":37,"box":{"x":781,"y":421,"width":19,"height":11}},{"id":"dcf53f97-3706-4f2a-a757-cbdc80de4876","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"5b0c33eb-3c4d-4e0f-b8e7-6050c521eea1","block_type":"box","text":"EUR (33,560)","page_number":37,"box":{"x":94,"y":436,"width":101,"height":11}},{"id":"5dac4058-add4-429a-ab81-be12a86ec654","block_type":"box","text":"Sold EUR, Bought GBP 28,750 for settlement on","page_number":37,"box":{"x":230,"y":436,"width":365,"height":11}},{"id":"2cd440b9-b35d-416d-9237-eb7bf38d4ec4","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"2e70a2c9-4705-447e-9598-0f97a912a4de","block_type":"box","text":"(26)","page_number":37,"box":{"x":771,"y":450,"width":29,"height":12}},{"id":"ce45c0d6-2cb5-46d7-84ec-9feb9c5fab28","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"e68fc4a0-5f73-4db5-82d0-9f2692d4b15e","block_type":"box","text":"EUR (3)","page_number":37,"box":{"x":136,"y":466,"width":59,"height":11}},{"id":"fc8bd21e-4d38-45cd-8cc8-8d8c0a445921","block_type":"box","text":"Sold EUR, Bought GBP 2 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":466,"width":407,"height":11}},{"id":"21f36baa-9350-4b23-a923-c87649c2e64b","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":471,"width":9,"height":1}},{"id":"8e4ec6a1-0701-4b7b-ad4c-857e9aad338b","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":471,"width":9,"height":1}},{"id":"5b2bdbe3-4440-4444-b6c8-d98319bc14e2","block_type":"box","text":"EUR (832)","page_number":37,"box":{"x":118,"y":481,"width":77,"height":11}},{"id":"f73c9ffa-c0a4-4a62-97ad-49913aa26dc8","block_type":"box","text":"Sold EUR, Bought GBP 718 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":481,"width":425,"height":11}},{"id":"19260b0f-9557-4c1c-8d20-c78fd251be53","block_type":"box","text":"5","page_number":37,"box":{"x":792,"y":482,"width":7,"height":8}},{"id":"18ec8b17-e1ec-4b6b-bc51-af3efce02416","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":486,"width":9,"height":1}},{"id":"e5882195-2ff4-4826-8415-a611c5356bc2","block_type":"box","text":"EUR (9)","page_number":37,"box":{"x":136,"y":496,"width":59,"height":12}},{"id":"f30b1325-2264-4ea7-882d-456434406cc9","block_type":"box","text":"Sold EUR, Bought GBP 8 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":496,"width":407,"height":12}},{"id":"fc393f1e-9e5f-4ce3-a4f1-f503ad93d574","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":502,"width":9,"height":1}},{"id":"1fd223cd-64d3-4713-9158-e4d6d3640199","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":502,"width":9,"height":1}},{"id":"c0ab32fe-e6d6-406f-bc60-3c70d5c966bb","block_type":"box","text":"EUR (276,988)","page_number":37,"box":{"x":85,"y":512,"width":110,"height":11}},{"id":"8fdd684a-6d6b-4d20-88aa-122ae67ae57e","block_type":"box","text":"Sold EUR, Bought GBP 237,289 for settlement on","page_number":37,"box":{"x":230,"y":512,"width":375,"height":11}},{"id":"35a79ac9-afa1-4cff-b1b1-c4e0da81f5b9","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":526,"width":83,"height":9}},{"id":"b6de9377-2d96-42f7-bc02-207c44700a6a","block_type":"box","text":"(213)","page_number":37,"box":{"x":762,"y":526,"width":38,"height":11}},{"id":"ac05c5ef-36cc-45e6-894f-9b3b552b02e6","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":531,"width":9,"height":1}},{"id":"977c4827-7e17-43df-8a05-6f8636db7acc","block_type":"box","text":"EUR (278,006)","page_number":37,"box":{"x":85,"y":541,"width":110,"height":12}},{"id":"7cd0135b-ea47-4d1b-8acb-c206c5836749","block_type":"box","text":"Sold EUR, Bought GBP 241,302 for settlement on","page_number":37,"box":{"x":230,"y":541,"width":375,"height":12}},{"id":"9c7ecad5-3b0f-4e43-96be-d481e9c82caa","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":556,"width":83,"height":9}},{"id":"c9d00481-4686-47f1-a75f-e33407f09b51","block_type":"box","text":"3,025","page_number":37,"box":{"x":759,"y":556,"width":40,"height":10}},{"id":"0428f728-5198-4d7f-b25a-ee1e2665e29f","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":561,"width":9,"height":1}},{"id":"3a64f6d3-4421-4081-a92e-e213222e4b81","block_type":"box","text":"EUR (6,657)","page_number":37,"box":{"x":104,"y":571,"width":91,"height":11}},{"id":"b5f407bb-d90b-4804-818c-767a5ed5fa99","block_type":"box","text":"Sold EUR, Bought GBP 5,740 for settlement on","page_number":37,"box":{"x":230,"y":571,"width":356,"height":11}},{"id":"b83e8d5b-d9e5-438e-9a07-89b13f61c9e5","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":585,"width":83,"height":9}},{"id":"ca3a3ca5-13f6-41dc-a4ea-c3e1c9c94b5a","block_type":"box","text":"34","page_number":37,"box":{"x":782,"y":585,"width":17,"height":9}},{"id":"cd9ef89c-3474-4546-bd5c-f75f2a7a06cd","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":591,"width":9,"height":0}},{"id":"f0f80c6e-0186-4ef8-aa18-0a6fdd80c902","block_type":"box","text":"EUR (4,436)","page_number":37,"box":{"x":104,"y":601,"width":91,"height":11}},{"id":"10d12b70-d1e0-4650-9825-327be166441c","block_type":"box","text":"Sold EUR, Bought GBP 3,802 for settlement on","page_number":37,"box":{"x":230,"y":601,"width":356,"height":11}},{"id":"75ec1179-bfad-435b-966e-0bad6e31eaf8","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":615,"width":83,"height":9}},{"id":"c9d8aaf3-09d9-446e-83c4-6f4e6eed6284","block_type":"box","text":"(1)","page_number":37,"box":{"x":781,"y":615,"width":19,"height":11}},{"id":"6284a4de-057a-4258-b54c-e63c1ce8ca87","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":620,"width":9,"height":1}},{"id":"0a6ed415-fc40-4a7d-954e-c194edd88fb1","block_type":"box","text":"EUR (1,796)","page_number":37,"box":{"x":104,"y":630,"width":91,"height":12}},{"id":"755a3304-1fb6-46ce-9c9b-893a4c242fec","block_type":"box","text":"Sold EUR, Bought GBP 1,544 for settlement on","page_number":37,"box":{"x":230,"y":630,"width":356,"height":12}},{"id":"b12621b4-37bc-4514-83f6-320e686a1baf","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":645,"width":83,"height":8}},{"id":"20bd4032-1f37-4527-954b-975505f18340","block_type":"box","text":"5","page_number":37,"box":{"x":792,"y":645,"width":7,"height":8}},{"id":"00af7777-eb7b-49ab-8f04-664a014e92fb","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":650,"width":9,"height":1}},{"id":"ff117b24-b682-4929-acda-e2abfa85ec2d","block_type":"box","text":"EUR (242,029)","page_number":37,"box":{"x":85,"y":660,"width":110,"height":11}},{"id":"83734c17-49a4-4b8b-84cf-621ac1d46f0b","block_type":"box","text":"Sold EUR, Bought GBP 208,677 for settlement on","page_number":37,"box":{"x":230,"y":660,"width":375,"height":11}},{"id":"04f408ee-3a25-4044-833c-974894718819","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":674,"width":83,"height":9}},{"id":"629e2ebb-a4cb-4ac0-b91d-13741b3a9d60","block_type":"box","text":"1,236","page_number":37,"box":{"x":760,"y":674,"width":39,"height":11}},{"id":"fd822b36-50cb-477c-88d0-9c50a7bd2f10","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":679,"width":9,"height":1}},{"id":"cda550fe-6172-4962-8a63-26bcb142bf8f","block_type":"box","text":"EUR (12,019)","page_number":37,"box":{"x":94,"y":690,"width":101,"height":11}},{"id":"ca974acf-8e74-49c1-84c3-e5f2e19bc6eb","block_type":"box","text":"Sold EUR, Bought GBP 10,296 for settlement on","page_number":37,"box":{"x":230,"y":690,"width":360,"height":11}},{"id":"75eb8810-9522-42e7-828a-7dc8b4355f9f","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":704,"width":83,"height":9}},{"id":"36a2319e-cd17-496b-8b55-d3da0ef2536d","block_type":"box","text":"(9)","page_number":37,"box":{"x":781,"y":704,"width":19,"height":11}},{"id":"39d611cb-8119-4266-ab39-a8e711918885","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":709,"width":9,"height":1}},{"id":"b5cf26c3-c6b2-4723-b149-fa74a5c33dc9","block_type":"box","text":"EUR (456)","page_number":37,"box":{"x":118,"y":719,"width":77,"height":11}},{"id":"e19b0f72-a6d1-4631-b1bb-d74d15a909a2","block_type":"box","text":"Sold EUR, Bought GBP 393 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":719,"width":425,"height":11}},{"id":"3161abe0-15aa-4f14-90b1-4e910419232b","block_type":"box","text":"3","page_number":37,"box":{"x":792,"y":719,"width":7,"height":9}},{"id":"066efffd-875f-4903-9acc-5cfc6622f87a","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":724,"width":9,"height":1}},{"id":"f7f4e2dc-e03b-49f0-88d1-81607d2544a7","block_type":"box","text":"EUR (20)","page_number":37,"box":{"x":127,"y":735,"width":68,"height":11}},{"id":"004409a0-eb85-4be8-a988-921c5e90c7b0","block_type":"box","text":"Sold EUR, Bought GBP 17 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":735,"width":416,"height":11}},{"id":"902ecb90-dd90-4198-8c83-2cae531821f6","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":740,"width":9,"height":1}},{"id":"592f8583-78ba-4d63-9f61-41f5a096f091","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":740,"width":9,"height":1}},{"id":"ca0b1d61-3994-4b57-99fc-8b84f2d60fbc","block_type":"box","text":"EUR (181)","page_number":37,"box":{"x":118,"y":750,"width":77,"height":11}},{"id":"e9af5e8b-2ea5-4f42-b58e-1f87359e5bcf","block_type":"box","text":"Sold EUR, Bought GBP 156 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":750,"width":425,"height":11}},{"id":"e12f31a2-bfe4-42e1-a7bb-ebeb9872075d","block_type":"box","text":"1","page_number":37,"box":{"x":793,"y":750,"width":4,"height":9}},{"id":"28bf8560-20be-41f0-a25b-29e8762fcae8","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":755,"width":9,"height":1}},{"id":"88e02d9c-166a-4dbb-bf2f-15e82b7c2eb6","block_type":"box","text":"EUR (2,941)","page_number":37,"box":{"x":104,"y":765,"width":91,"height":12}},{"id":"c8e8c037-bb16-4aa0-8b9e-7a9049df1602","block_type":"box","text":"Sold EUR, Bought GBP 2,537 for settlement on","page_number":37,"box":{"x":230,"y":765,"width":350,"height":12}},{"id":"f8a5a705-86a5-43f3-bf29-f055b26f6e14","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":780,"width":83,"height":8}},{"id":"ee055077-f8d8-4207-809b-ae8aa4ec0a49","block_type":"box","text":"16","page_number":37,"box":{"x":783,"y":780,"width":16,"height":8}},{"id":"8dcd1705-8fa1-460b-a1dc-00083e0147df","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":785,"width":9,"height":1}},{"id":"7c1471c0-d623-4238-8cbd-8ffecba4104a","block_type":"box","text":"EUR (186)","page_number":37,"box":{"x":118,"y":795,"width":77,"height":11}},{"id":"f222c3a1-58f0-4937-b565-0cba78c46897","block_type":"box","text":"Sold EUR, Bought GBP 159 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":795,"width":425,"height":11}},{"id":"3b0c2313-8239-43c8-82b1-9e907940af6c","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":800,"width":9,"height":1}},{"id":"e440f9bf-921b-4ff7-bb21-ed9a5d7e5e0d","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":800,"width":9,"height":1}},{"id":"d83b7757-c086-473d-9233-79265c6b7afb","block_type":"box","text":"EUR (79,741)","page_number":37,"box":{"x":94,"y":810,"width":101,"height":12}},{"id":"85d98935-ffe3-4179-a873-d962236e9fae","block_type":"box","text":"Sold EUR, Bought GBP 68,312 for settlement on","page_number":37,"box":{"x":230,"y":810,"width":360,"height":12}},{"id":"76d29229-af81-453f-b5d0-1ea47bf29e47","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":825,"width":83,"height":8}},{"id":"04c7f607-0b20-4595-a4b5-2a853780c70f","block_type":"box","text":"(61)","page_number":37,"box":{"x":771,"y":825,"width":29,"height":11}},{"id":"e0f56b79-6798-42f4-849c-f2ea37fed480","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":830,"width":9,"height":1}},{"id":"f2c7e1df-c281-45e7-8f6f-2a521219526e","block_type":"box","text":"EUR (434,147)","page_number":37,"box":{"x":85,"y":840,"width":110,"height":11}},{"id":"e8fcf434-4feb-4ffe-b3bb-b3670de3d1fb","block_type":"box","text":"Sold EUR, Bought GBP 376,828 for settlement on","page_number":37,"box":{"x":230,"y":840,"width":375,"height":11}},{"id":"265577c4-d3e2-4ff2-b2da-658d7ff411bc","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":854,"width":83,"height":9}},{"id":"15272dbb-4065-4eb7-88a0-227f68a6cbb9","block_type":"box","text":"4,724","page_number":37,"box":{"x":758,"y":854,"width":41,"height":11}},{"id":"a023a9b5-cfdd-455e-ab96-574c7083602b","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":859,"width":9,"height":1}},{"id":"a9bb61a6-1131-4596-808b-b346a0e7eb2e","block_type":"box","text":"EUR (1,016,360)","page_number":37,"box":{"x":71,"y":869,"width":124,"height":12}},{"id":"88e4f552-8929-4b2c-a2e9-4dbf5c51cdce","block_type":"box","text":"Sold EUR, Bought GBP 882,172 for settlement on","page_number":37,"box":{"x":230,"y":869,"width":375,"height":12}},{"id":"ea88dbea-6a3d-4224-a7c6-8e5d86a63592","block_type":"box","text":"24/07/2026","page_number":37,"box":{"x":229,"y":884,"width":83,"height":9}},{"id":"3a446ce5-bbd9-4027-aeb3-28bf3ae12e84","block_type":"box","text":"11,058","page_number":37,"box":{"x":752,"y":884,"width":47,"height":10}},{"id":"775851e1-132d-4a1a-a20d-1fe2aca4ce7b","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":889,"width":9,"height":1}},{"id":"666466fa-fd00-4ffa-b905-585cfd5c705e","block_type":"box","text":"EUR (3)","page_number":37,"box":{"x":136,"y":899,"width":59,"height":11}},{"id":"9e716db7-f680-4f13-ac2a-bcaf507dc576","block_type":"box","text":"Sold EUR, Bought GBP 3 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":899,"width":407,"height":11}},{"id":"94017878-d814-4cc7-b2d3-984ecaa1e704","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":904,"width":9,"height":1}},{"id":"fd163169-1c68-4393-a517-d2202ab38a96","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":904,"width":9,"height":1}},{"id":"568894ab-d007-4d6e-87e9-683c2e7d51a8","block_type":"box","text":"EUR (6)","page_number":37,"box":{"x":136,"y":914,"width":59,"height":12}},{"id":"38a5022e-0dd8-453d-ae82-d40e93a31603","block_type":"box","text":"Sold EUR, Bought GBP 5 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":914,"width":407,"height":12}},{"id":"4c527359-c2c6-41ab-aec3-8de62b7fb316","block_type":"box","text":"–","page_number":37,"box":{"x":791,"y":920,"width":9,"height":1}},{"id":"748d295d-6a83-43e8-ba3d-f8336f646f5b","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":920,"width":9,"height":1}},{"id":"682ef26e-186c-4eaa-9c47-9f55a34b6e95","block_type":"box","text":"EUR (413)","page_number":37,"box":{"x":118,"y":930,"width":77,"height":11}},{"id":"905fb9b4-6a8e-4de5-bc3d-ef28ee9d32f0","block_type":"box","text":"Sold EUR, Bought GBP 357 for settlement on 24/07/2026","page_number":37,"box":{"x":230,"y":930,"width":425,"height":11}},{"id":"f5152b52-ebe5-440b-8a09-454bcc6d1d6c","block_type":"box","text":"3","page_number":37,"box":{"x":792,"y":930,"width":7,"height":9}},{"id":"a3022517-5775-41cb-831a-0437d42b181c","block_type":"box","text":"–","page_number":37,"box":{"x":948,"y":935,"width":9,"height":1}},{"id":"93de43b1-bcbb-4be8-b391-2dfc6c94198c","block_type":"box","text":"37","page_number":38,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"c037aa67-8ead-4d10-b8d1-1d9294f0ef66","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":38,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"b04512df-85e6-40e8-9b9b-12dd90ce60c7","block_type":"box","text":"Portfolio Statement (continued)","page_number":38,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"0dbe85c5-4f9f-4cd0-93a0-f1cd6d78e097","block_type":"box","text":"Holding","page_number":38,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"6feed20d-258a-40e3-8f61-fe6bdd71a901","block_type":"box","text":"Investment","page_number":38,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"39c2b54e-bedf-4c36-9b66-9180851d2f80","block_type":"box","text":"Market","page_number":38,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"40c16539-e161-45a4-b525-fd671f7920f4","block_type":"box","text":"Value","page_number":38,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"83692666-7d51-43f4-aff6-8c80763ec9ae","block_type":"box","text":"£","page_number":38,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"354dd599-7d62-417a-aff5-ad476323375f","block_type":"box","text":"% of","page_number":38,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"715d54a2-3670-409a-8154-32a01ad516f1","block_type":"box","text":"Net Assets","page_number":38,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"6674fed1-bf97-4075-a78b-184c12f85ca4","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":38,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"6fba85be-e87c-40c5-a4f1-bae6f8ab009a","block_type":"box","text":"EUR (24,064)","page_number":38,"box":{"x":94,"y":183,"width":101,"height":11}},{"id":"bf66d729-9eb2-4d81-8f1c-2d7f14a45275","block_type":"box","text":"Sold EUR, Bought GBP 20,748 for settlement on","page_number":38,"box":{"x":230,"y":183,"width":365,"height":11}},{"id":"16a6ce5a-273c-4b23-8baf-a1e57e0036b3","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"8d22429b-c950-4e4a-811c-a75a8770d0f5","block_type":"box","text":"123","page_number":38,"box":{"x":774,"y":197,"width":25,"height":9}},{"id":"af393faa-4351-49ba-af3f-88919798d98a","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"551136f1-0277-4667-9ab8-6ff999e05092","block_type":"box","text":"EUR (166)","page_number":38,"box":{"x":118,"y":212,"width":77,"height":12}},{"id":"7c1e0774-0eab-42c4-8d25-eabb9d96fb5b","block_type":"box","text":"Sold EUR, Bought GBP 142 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":212,"width":425,"height":12}},{"id":"0ed641d7-9d41-4366-b288-64bf4cd4ce79","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":218,"width":9,"height":0}},{"id":"ffc2683b-3326-408b-9d9c-9142fc4c33ec","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"26165c5c-0500-4ff2-a551-d50bf288a628","block_type":"box","text":"EUR (2)","page_number":38,"box":{"x":136,"y":228,"width":59,"height":11}},{"id":"79c32733-40f7-4aee-ad3b-17838318b3c9","block_type":"box","text":"Sold EUR, Bought GBP 2 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":228,"width":407,"height":11}},{"id":"4ceb8d60-2bd3-4b76-99c7-d79c26df7e5f","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"869d110b-f87d-4dc1-ae5d-68a791c30ab9","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"8a3b513d-6144-421c-a0aa-5b6f32f5371d","block_type":"box","text":"EUR (215,830)","page_number":38,"box":{"x":85,"y":243,"width":110,"height":11}},{"id":"4c5df7e7-deb7-4684-bbf6-3f9021c21606","block_type":"box","text":"Sold EUR, Bought GBP 187,334 for settlement on","page_number":38,"box":{"x":230,"y":243,"width":375,"height":11}},{"id":"fbd30d88-48d2-4968-b369-f69cbce867d1","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":257,"width":83,"height":9}},{"id":"5513d485-83ab-44e5-aa67-7f59fc8e0f63","block_type":"box","text":"2,348","page_number":38,"box":{"x":759,"y":257,"width":40,"height":11}},{"id":"b499017d-136b-473e-837b-5fe1d738d300","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"18418e46-93b0-4f5a-ae77-a4b16f803131","block_type":"box","text":"EUR (141)","page_number":38,"box":{"x":118,"y":273,"width":77,"height":11}},{"id":"419515dc-1a12-437f-8943-9581481fd799","block_type":"box","text":"Sold EUR, Bought GBP 122 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":273,"width":425,"height":11}},{"id":"d8eaf56d-9381-48e6-b00a-6b6c316139bb","block_type":"box","text":"1","page_number":38,"box":{"x":793,"y":273,"width":4,"height":8}},{"id":"0d12ee95-69ea-4552-9c9a-5be1bbfd7584","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"f568c961-5469-4ae1-9ee1-52f5e903463e","block_type":"box","text":"EUR (5,136)","page_number":38,"box":{"x":104,"y":288,"width":91,"height":11}},{"id":"c455be67-6b4a-45cb-800e-bc3cf3a10f64","block_type":"box","text":"Sold EUR, Bought GBP 4,428 for settlement on","page_number":38,"box":{"x":230,"y":288,"width":356,"height":11}},{"id":"d329009f-fb52-4dc2-ac16-4ccdff2b0bb5","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":302,"width":83,"height":9}},{"id":"72336285-cad3-4377-b30e-be9d8f8856d8","block_type":"box","text":"26","page_number":38,"box":{"x":782,"y":302,"width":17,"height":9}},{"id":"f447a534-8911-42aa-819f-ea8da4752da9","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"ac552f48-5196-4e12-9fd9-4b850cac90c7","block_type":"box","text":"EUR (67,950)","page_number":38,"box":{"x":94,"y":318,"width":101,"height":11}},{"id":"c2bb79f9-c8b0-4907-af85-ffad800ea778","block_type":"box","text":"Sold EUR, Bought GBP 58,587 for settlement on","page_number":38,"box":{"x":230,"y":318,"width":365,"height":11}},{"id":"30d80632-23d9-4bae-9237-baf87c05eb8d","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":332,"width":83,"height":9}},{"id":"b87b19f4-072b-4f77-94ce-297a37b473ef","block_type":"box","text":"347","page_number":38,"box":{"x":773,"y":332,"width":26,"height":9}},{"id":"7a9aee37-b2cb-4d28-a45c-8b1e4efc9b5a","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"bf067eb7-c413-454e-a131-ffc2144eaa55","block_type":"box","text":"EUR (10,281)","page_number":38,"box":{"x":94,"y":347,"width":101,"height":12}},{"id":"bf2fa414-3623-467a-8dd3-4b007916d50f","block_type":"box","text":"Sold EUR, Bought GBP 8,864 for settlement on","page_number":38,"box":{"x":230,"y":347,"width":356,"height":12}},{"id":"a4118c98-43a9-46ce-b1c7-9f1017cd93a7","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":362,"width":83,"height":8}},{"id":"5bad96d5-ddf3-4f04-9df4-198d9b21d6eb","block_type":"box","text":"53","page_number":38,"box":{"x":782,"y":362,"width":17,"height":8}},{"id":"db7ce765-8263-4f6a-bda9-754b36eacd79","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"862f9e4f-5af9-4aa1-8209-e337820a68ee","block_type":"box","text":"EUR (5,927)","page_number":38,"box":{"x":104,"y":377,"width":91,"height":11}},{"id":"7324b333-92c8-4d98-bcd5-534b3103cb32","block_type":"box","text":"Sold EUR, Bought GBP 5,145 for settlement on","page_number":38,"box":{"x":230,"y":377,"width":356,"height":11}},{"id":"e5324dbe-7b76-48be-be82-a1b4e1abd9e2","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":391,"width":83,"height":9}},{"id":"63a94ac8-2c21-4a0c-b381-f155ad26cc09","block_type":"box","text":"65","page_number":38,"box":{"x":782,"y":391,"width":17,"height":9}},{"id":"f0b153ed-dbc5-4d5f-b675-4eeaf7c9cbb7","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"d7759399-09b6-4e51-948e-a94b8d2beb5a","block_type":"box","text":"EUR (1,199,696)","page_number":38,"box":{"x":71,"y":407,"width":124,"height":11}},{"id":"8ed2b935-90f9-4bc1-ad1b-36f88c3b0076","block_type":"box","text":"Sold EUR, Bought GBP 1,041,302 for settlement on","page_number":38,"box":{"x":230,"y":407,"width":389,"height":11}},{"id":"fd22f367-a329-440b-8cdd-d8f2dffc9928","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"46128bd7-7274-4c7a-8b0d-42b503dd49f1","block_type":"box","text":"13,053","page_number":38,"box":{"x":751,"y":421,"width":48,"height":10}},{"id":"70d1486f-d5b1-4ff9-9169-40e8022bc3f9","block_type":"box","text":"0.01","page_number":38,"box":{"x":925,"y":421,"width":29,"height":9}},{"id":"a9c64910-5ea6-40ac-882b-6e3e02427d61","block_type":"box","text":"EUR (1,149)","page_number":38,"box":{"x":104,"y":436,"width":91,"height":11}},{"id":"10357439-86ca-4888-ba6c-5e90ff2c490f","block_type":"box","text":"Sold EUR, Bought GBP 998 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":436,"width":425,"height":11}},{"id":"59780a53-8523-4ca5-9690-6e328cf40fe6","block_type":"box","text":"13","page_number":38,"box":{"x":783,"y":436,"width":16,"height":9}},{"id":"7cf45061-c463-4bcd-9d64-2f01c0c5236b","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":441,"width":9,"height":1}},{"id":"23f82ce0-8317-45a9-95c5-c60b656398be","block_type":"box","text":"EUR (27)","page_number":38,"box":{"x":127,"y":451,"width":68,"height":12}},{"id":"34d91697-9c00-4c75-8241-18a9bbac864e","block_type":"box","text":"Sold EUR, Bought GBP 24 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":451,"width":416,"height":12}},{"id":"4e7bf0b2-857a-4c4f-ab9b-90d4868c1120","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":457,"width":9,"height":1}},{"id":"52d27379-fa0a-4bb7-8d60-412540dcea6e","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":457,"width":9,"height":1}},{"id":"d8579080-b65d-45b0-9052-d510b2afa577","block_type":"box","text":"EUR (2,840,733)","page_number":38,"box":{"x":71,"y":467,"width":124,"height":11}},{"id":"d4de0417-7471-4e00-a47c-a5c43d67895b","block_type":"box","text":"Sold EUR, Bought GBP 2,465,676 for settlement on","page_number":38,"box":{"x":230,"y":467,"width":389,"height":11}},{"id":"2a45733d-0bb2-4a87-ab50-189227440e05","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":481,"width":83,"height":9}},{"id":"dc97d691-a118-48e5-831c-c2a4fe0efb89","block_type":"box","text":"30,90","page_number":38,"box":{"x":749,"y":481,"width":41,"height":11}},{"id":"875d97da-b29a-4300-a680-4db7e479924f","block_type":"box","text":"9","page_number":38,"box":{"x":792,"y":481,"width":7,"height":9}},{"id":"336608b2-566d-4681-9a60-ca29ad45cbdd","block_type":"box","text":"0.01","page_number":38,"box":{"x":925,"y":481,"width":29,"height":9}},{"id":"44442364-ec22-43a8-b41c-93b868e8b91b","block_type":"box","text":"EUR (12,649)","page_number":38,"box":{"x":94,"y":496,"width":101,"height":12}},{"id":"e021dc36-d927-4e31-9449-3de5be617d85","block_type":"box","text":"Sold EUR, Bought GBP 10,912 for settlement on","page_number":38,"box":{"x":230,"y":496,"width":365,"height":12}},{"id":"36887014-a050-4747-8f23-12626883b9e3","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":511,"width":83,"height":9}},{"id":"a9ede9d9-04fa-4d5f-9f75-59f69a5342c8","block_type":"box","text":"71","page_number":38,"box":{"x":782,"y":511,"width":15,"height":9}},{"id":"67f0eed4-061d-4ac4-b36c-26556a2606fe","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":516,"width":9,"height":1}},{"id":"0391d46d-9fb5-453e-9e56-d842708e060f","block_type":"box","text":"EUR (28,606)","page_number":38,"box":{"x":94,"y":526,"width":101,"height":11}},{"id":"b26df227-d15d-4885-8241-4c31b44cb534","block_type":"box","text":"Sold EUR, Bought GBP 24,664 for settlement on","page_number":38,"box":{"x":230,"y":526,"width":365,"height":11}},{"id":"5507f883-3c09-4169-ba7c-400f3b6570ec","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":540,"width":83,"height":9}},{"id":"80909984-fc1d-47bb-adb8-c7c56c0f8956","block_type":"box","text":"146","page_number":38,"box":{"x":774,"y":541,"width":25,"height":8}},{"id":"8680439b-ab43-40e4-b0b8-3e3e1e2dce0f","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":546,"width":9,"height":0}},{"id":"d671c337-3628-48a0-a465-0a78714b7e43","block_type":"box","text":"JPY 3,870","page_number":38,"box":{"x":119,"y":556,"width":76,"height":10}},{"id":"cb7f5269-0067-43f7-b96f-86ce27fe1487","block_type":"box","text":"Bought JPY, Sold GBP 18 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":556,"width":409,"height":11}},{"id":"91146cad-c87d-4c5b-b0b4-17e2b9d79f50","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":561,"width":9,"height":1}},{"id":"9cdd2bfe-ed9d-4294-8d42-44a7376e1886","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":561,"width":9,"height":1}},{"id":"ba3e250a-27d7-4d3e-bf5f-6994bed7ed45","block_type":"box","text":"JPY 1,863,236","page_number":38,"box":{"x":86,"y":571,"width":109,"height":11}},{"id":"ab059fd1-3fe7-46a4-9b80-1f683a82bf6b","block_type":"box","text":"Bought JPY, Sold GBP 8,656 for settlement on","page_number":38,"box":{"x":230,"y":571,"width":349,"height":11}},{"id":"dcea9087-ddaf-4d3c-b21d-04f3606e9f96","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":585,"width":83,"height":9}},{"id":"79b2794d-adf7-41eb-9132-37136d545a6d","block_type":"box","text":"12","page_number":38,"box":{"x":783,"y":585,"width":16,"height":9}},{"id":"de90db7e-30c4-4faa-87a6-0b1f8dd413d0","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":591,"width":9,"height":0}},{"id":"ca57ed17-facb-4e62-aaf6-f38a9117630b","block_type":"box","text":"JPY 140,873","page_number":38,"box":{"x":100,"y":601,"width":95,"height":10}},{"id":"e4f14a90-f294-475a-b253-e2a37041ecbd","block_type":"box","text":"Bought JPY, Sold GBP 654 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":601,"width":419,"height":11}},{"id":"a4abebe2-ab71-4f8e-b677-d0b9d01c13b4","block_type":"box","text":"1","page_number":38,"box":{"x":793,"y":601,"width":4,"height":8}},{"id":"4be13d52-1b08-4634-8885-b1d51463454f","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":606,"width":9,"height":1}},{"id":"fff49405-d522-4199-929e-c95372f4225c","block_type":"box","text":"JPY 782,521","page_number":38,"box":{"x":100,"y":616,"width":93,"height":11}},{"id":"d5252e35-1b3e-4e68-9ba5-d9511ae48f94","block_type":"box","text":"Bought JPY, Sold GBP 3,635 for settlement on","page_number":38,"box":{"x":230,"y":616,"width":349,"height":11}},{"id":"22ef9039-3afb-4ca3-8853-e97a374c2166","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":630,"width":83,"height":9}},{"id":"dc4f25a5-d027-4cbe-bd8c-08a0452fea9e","block_type":"box","text":"5","page_number":38,"box":{"x":792,"y":631,"width":7,"height":8}},{"id":"3c6bbf7d-0e04-4825-af40-780c4c15b1ed","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":636,"width":9,"height":0}},{"id":"5ddd85bc-7678-4512-a586-0ce8308d876c","block_type":"box","text":"HKD 22","page_number":38,"box":{"x":138,"y":646,"width":57,"height":8}},{"id":"0f3d6f09-6c0b-4695-a533-062c447b6ece","block_type":"box","text":"Bought HKD, Sold GBP 2 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":646,"width":407,"height":11}},{"id":"5ec982ff-c8f7-4d45-83b3-9c7dfb2cb3ae","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":651,"width":9,"height":1}},{"id":"a0881961-8f60-4c2f-8342-b6d0e8abadd3","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":651,"width":9,"height":1}},{"id":"7fbdaf0f-fa7c-4f26-81f6-c9c4e8377e81","block_type":"box","text":"HKD 9,611","page_number":38,"box":{"x":116,"y":661,"width":77,"height":10}},{"id":"1fd5cf55-cd3a-4a08-ba00-a312871f89ff","block_type":"box","text":"Bought HKD, Sold GBP 919 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":661,"width":425,"height":11}},{"id":"8f38f6c4-a295-450c-8196-17bc3b673e21","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":666,"width":9,"height":1}},{"id":"4a85730f-20d0-4101-9795-8cafd0634779","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":666,"width":9,"height":1}},{"id":"0758f51b-6e98-4744-a5cd-bf3d8252d552","block_type":"box","text":"JPY 749","page_number":38,"box":{"x":133,"y":677,"width":62,"height":8}},{"id":"221b0781-ec9a-4466-95e4-cfc3a4cb5ffa","block_type":"box","text":"Bought JPY, Sold GBP 3 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":676,"width":400,"height":12}},{"id":"92c045bd-f4a5-4708-a8de-8972af57fc0e","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":682,"width":9,"height":1}},{"id":"8f1b5bae-e87f-49ec-917b-79687b1800dd","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":682,"width":9,"height":1}},{"id":"e656c754-f9a1-48ae-b64c-85d01b4fd517","block_type":"box","text":"JPY 662,049","page_number":38,"box":{"x":100,"y":692,"width":95,"height":10}},{"id":"dd6fd8bb-be91-428c-b6bf-de052ed87e3f","block_type":"box","text":"Bought JPY, Sold GBP 3,076 for settlement on","page_number":38,"box":{"x":230,"y":692,"width":343,"height":11}},{"id":"60cf05d6-6c00-46d7-af54-4d3d29a15ae5","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":706,"width":83,"height":9}},{"id":"a0a394ad-22ec-455a-8d23-64d0f34f5226","block_type":"box","text":"4","page_number":38,"box":{"x":791,"y":706,"width":8,"height":9}},{"id":"7b58bf84-73d6-47c2-b93e-3598d17f04ef","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":711,"width":9,"height":1}},{"id":"3476a3ea-4f10-430b-bf43-47e0ad891039","block_type":"box","text":"JPY 103,020","page_number":38,"box":{"x":100,"y":721,"width":95,"height":11}},{"id":"59aecc7d-c746-43fd-a580-6308b5b79c74","block_type":"box","text":"Bought JPY, Sold GBP 479 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":721,"width":419,"height":12}},{"id":"f823de5e-7dfc-44a6-a02e-07c04e26af87","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":727,"width":9,"height":1}},{"id":"902ceffe-43d2-401e-949d-422d48977ba0","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":727,"width":9,"height":1}},{"id":"ac235263-3844-4380-b12a-128e6f7f45d9","block_type":"box","text":"USD 35","page_number":38,"box":{"x":138,"y":737,"width":57,"height":9}},{"id":"b79d1d7c-aab4-4615-910b-f7ba1d95606b","block_type":"box","text":"Bought USD, Sold GBP 26 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":737,"width":416,"height":11}},{"id":"53c083c8-6d98-4c5b-8d0e-ac4a93e0947b","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":742,"width":9,"height":1}},{"id":"67d94baf-7cdc-4ef8-b5d7-18a9443d6afe","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":742,"width":9,"height":1}},{"id":"b76c436a-ddba-40f8-8a86-18e74baeac20","block_type":"box","text":"USD 15,205","page_number":38,"box":{"x":105,"y":752,"width":90,"height":11}},{"id":"e61b9542-c062-4db5-96c2-f12bbe5ac0bf","block_type":"box","text":"Bought USD, Sold GBP 11,392 for settlement on","page_number":38,"box":{"x":230,"y":752,"width":358,"height":11}},{"id":"e822c5d5-b717-4d4b-83cd-2be82e9eda49","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":766,"width":83,"height":9}},{"id":"189e42b9-a5ba-42b4-910e-93768b836fc9","block_type":"box","text":"(6)","page_number":38,"box":{"x":781,"y":766,"width":19,"height":12}},{"id":"dfce20dc-eb94-42ce-8636-61185b6b12a5","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":772,"width":9,"height":0}},{"id":"179628fd-6191-4968-bef5-8fcfe5692060","block_type":"box","text":"JPY 181,078","page_number":38,"box":{"x":100,"y":782,"width":95,"height":10}},{"id":"4eb57bb2-18c2-46ca-8ce7-d2977b3c2ed5","block_type":"box","text":"Bought JPY, Sold GBP 841 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":782,"width":419,"height":11}},{"id":"fd0d4baa-db7b-4b3d-825d-ed353ab7dafd","block_type":"box","text":"1","page_number":38,"box":{"x":793,"y":782,"width":4,"height":9}},{"id":"0d9a5670-7cc6-4e1d-93d6-2b5c4f8e1fac","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":787,"width":9,"height":1}},{"id":"3bedefff-0a9b-45f3-b8c8-a0cd5edb270c","block_type":"box","text":"JPY 239","page_number":38,"box":{"x":133,"y":797,"width":62,"height":9}},{"id":"e881a940-bd5b-4edd-b822-4b39aade6658","block_type":"box","text":"Bought JPY, Sold GBP 1 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":797,"width":400,"height":11}},{"id":"ab0f7e62-af8e-4f5c-8243-5600b531704d","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":802,"width":9,"height":1}},{"id":"dc0ebf31-3a9b-40f9-8bb0-59450cb0794e","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":802,"width":9,"height":1}},{"id":"3ef39f07-702e-42ef-8cec-500c6284656f","block_type":"box","text":"JPY 6,612,072","page_number":38,"box":{"x":86,"y":813,"width":109,"height":10}},{"id":"b4430105-1638-4c3e-b210-6ac4ae2f2915","block_type":"box","text":"Bought JPY, Sold GBP 30,718 for settlement on","page_number":38,"box":{"x":230,"y":812,"width":353,"height":12}},{"id":"0f6abb13-d3fc-4ac3-be11-601d5987ad2d","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":827,"width":83,"height":9}},{"id":"f2221424-1377-484a-a688-5d69b70d931f","block_type":"box","text":"41","page_number":38,"box":{"x":782,"y":827,"width":15,"height":8}},{"id":"04908924-e703-438f-a39a-456078c05a81","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":832,"width":9,"height":1}},{"id":"41b02284-5333-467f-9570-0cc94a0953ab","block_type":"box","text":"JPY 278,007","page_number":38,"box":{"x":100,"y":842,"width":95,"height":11}},{"id":"0ff060fa-755d-4713-a91f-f7dc0f457806","block_type":"box","text":"Bought JPY, Sold GBP 1,292 for settlement on","page_number":38,"box":{"x":230,"y":842,"width":349,"height":11}},{"id":"900a6d16-972b-4ad0-814b-55d2615b857b","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":856,"width":83,"height":9}},{"id":"721fcc8f-ea1e-47ac-b95e-e1c1b61f24e3","block_type":"box","text":"2","page_number":38,"box":{"x":791,"y":856,"width":8,"height":9}},{"id":"00e3a273-41de-443a-89c6-5c445578d7f0","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":862,"width":9,"height":0}},{"id":"84b6bdbd-7223-4915-8869-c251109850bf","block_type":"box","text":"AUD 13,615","page_number":38,"box":{"x":104,"y":872,"width":91,"height":10}},{"id":"df46b530-d4aa-4655-833a-8c120c1ca929","block_type":"box","text":"Bought AUD, Sold GBP 7,193 for settlement on","page_number":38,"box":{"x":230,"y":872,"width":355,"height":11}},{"id":"77f44d1b-b1c4-432f-b706-eec05e0bfb1b","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":886,"width":83,"height":9}},{"id":"720aed37-8f58-4af5-99d0-c0647f939251","block_type":"box","text":"(125)","page_number":38,"box":{"x":762,"y":886,"width":38,"height":11}},{"id":"af0c8825-a233-4156-8b8c-43bd1e048e0d","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":891,"width":9,"height":1}},{"id":"404fbf5e-2705-4429-9a8e-03d93e283a43","block_type":"box","text":"JPY 769,351","page_number":38,"box":{"x":100,"y":901,"width":93,"height":11}},{"id":"de11b89b-5b64-48c8-832c-edff5708ca93","block_type":"box","text":"Bought JPY, Sold GBP 3,606 for settlement on","page_number":38,"box":{"x":230,"y":901,"width":349,"height":12}},{"id":"e3661ebf-087b-41ec-a4ed-b933997bf52e","block_type":"box","text":"24/07/2026","page_number":38,"box":{"x":229,"y":916,"width":83,"height":8}},{"id":"e2ba6edd-993b-48cd-84a3-6edb596354d8","block_type":"box","text":"(31)","page_number":38,"box":{"x":771,"y":916,"width":29,"height":11}},{"id":"05d8a2d4-bda9-4d70-88bf-4417fd95f7ec","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":921,"width":9,"height":1}},{"id":"4a2b9974-6a46-44fd-b8f4-1a63a25caf55","block_type":"box","text":"JPY 2,518","page_number":38,"box":{"x":119,"y":931,"width":76,"height":10}},{"id":"418014ee-9051-42b6-90cf-2a0d757729e1","block_type":"box","text":"Bought JPY, Sold GBP 12 for settlement on 24/07/2026","page_number":38,"box":{"x":230,"y":931,"width":409,"height":11}},{"id":"04504159-9429-453d-8efa-43b1dbd4d483","block_type":"box","text":"–","page_number":38,"box":{"x":791,"y":936,"width":9,"height":1}},{"id":"bd3a31e6-2e90-4797-81d9-4a1f539bb7ec","block_type":"box","text":"–","page_number":38,"box":{"x":948,"y":936,"width":9,"height":1}},{"id":"6911c39e-0af4-48ae-99d3-3cb57a783498","block_type":"box","text":"38","page_number":39,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"2f2772ba-07d8-4eff-9061-5903aece5aa3","block_type":"box","text":"39","page_number":39,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"0a7ca30d-caee-460e-b6f4-bc830b0c09e6","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":39,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"66850527-9048-40f8-86a6-1099366a9aa6","block_type":"box","text":"Portfolio Statement (continued)","page_number":39,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"e23d5155-9684-4fdc-83a5-3397f09fd189","block_type":"box","text":"Holding","page_number":39,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"6fdfc451-ea8b-4c03-8121-15a641457841","block_type":"box","text":"Investment","page_number":39,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"b2826a52-7154-4520-bcda-aac2afffc30f","block_type":"box","text":"Market","page_number":39,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"679656a0-b9c2-42b0-9210-30b55ca2e5e9","block_type":"box","text":"Value","page_number":39,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"db168d29-0de2-443d-9389-3c61c1c53c23","block_type":"box","text":"£","page_number":39,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"c443c48f-3004-443d-ad68-5284f43527eb","block_type":"box","text":"% of","page_number":39,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"f76a3e79-6216-45c4-9590-606c82f6766e","block_type":"box","text":"Net Assets","page_number":39,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"0d19a41e-2798-4c1e-b5b8-5c370546398c","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":39,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"b9890107-330f-40e6-90ef-c0c0c3f21b83","block_type":"box","text":"SGD 174","page_number":39,"box":{"x":127,"y":183,"width":68,"height":9}},{"id":"d7c9abad-ec3e-4067-a410-fa19d77cf275","block_type":"box","text":"Bought SGD, Sold GBP 102 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":183,"width":426,"height":11}},{"id":"46894d8b-db9f-4e18-98ed-e09dd7514638","block_type":"box","text":"(1)","page_number":39,"box":{"x":781,"y":183,"width":19,"height":11}},{"id":"61b6e323-3adf-4935-af0f-af4e6630d1c2","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"b83b1daa-a052-4d63-bbb2-54473bbc1390","block_type":"box","text":"SGD 93","page_number":39,"box":{"x":137,"y":198,"width":58,"height":9}},{"id":"63d58397-2580-42e2-af09-e49d3723be72","block_type":"box","text":"Bought SGD, Sold GBP 54 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":198,"width":417,"height":11}},{"id":"97b69caf-4643-4667-9c1b-f9a6aa0d17f9","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":203,"width":9,"height":1}},{"id":"bc6d72df-7deb-4b9a-ba18-b8b30aec65dd","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":203,"width":9,"height":1}},{"id":"581997d9-7cec-4e60-9a55-b7f487f6ccff","block_type":"box","text":"SGD 51,317","page_number":39,"box":{"x":104,"y":213,"width":91,"height":11}},{"id":"cd06ea5f-a096-4137-8980-f088817ddc7a","block_type":"box","text":"Bought SGD, Sold GBP 30,025 for settlement on","page_number":39,"box":{"x":230,"y":213,"width":366,"height":12}},{"id":"2f7b016f-6f6c-4cae-90b4-02bb2cf82d66","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":228,"width":83,"height":9}},{"id":"ed5a8136-516c-4498-b0f1-154ee7d79671","block_type":"box","text":"(251)","page_number":39,"box":{"x":762,"y":228,"width":38,"height":11}},{"id":"e7fd667c-7b73-44a5-9785-52bc5bfb9614","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"24ad5472-cd1d-4089-b57f-7d10e92464c0","block_type":"box","text":"USD 12,555","page_number":39,"box":{"x":105,"y":243,"width":90,"height":11}},{"id":"f553be67-9f59-4e47-abed-f0e030f1542b","block_type":"box","text":"Bought USD, Sold GBP 9,499 for settlement on","page_number":39,"box":{"x":230,"y":243,"width":356,"height":11}},{"id":"f9ba7027-27e9-4424-ac79-064b7937cfdc","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":257,"width":83,"height":9}},{"id":"3cf9705a-819f-44e4-8d11-1ea9f7c5f5ff","block_type":"box","text":"(100)","page_number":39,"box":{"x":762,"y":257,"width":38,"height":12}},{"id":"cc49bb94-974c-4de5-8d90-73ceb88d97c3","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"38d1d616-a336-46e3-a88c-8bdf2e13fc5f","block_type":"box","text":"USD 6,672","page_number":39,"box":{"x":115,"y":273,"width":80,"height":10}},{"id":"a126c908-bd76-4ded-bf38-a42c70a9edc2","block_type":"box","text":"Bought USD, Sold GBP 5,041 for settlement on","page_number":39,"box":{"x":230,"y":273,"width":356,"height":11}},{"id":"98da8190-8f47-4495-a620-637f6a8e58aa","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"65439bf0-c2af-4158-a26c-a3e124f32168","block_type":"box","text":"(46)","page_number":39,"box":{"x":771,"y":287,"width":29,"height":11}},{"id":"02622361-618c-4471-8175-992ddfdc0f0a","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"f8d9ea6e-0458-4a7f-93a5-17f0b69dfae8","block_type":"box","text":"USD 91","page_number":39,"box":{"x":138,"y":302,"width":55,"height":9}},{"id":"4caacf55-b3ee-4b2b-b3dd-75e39ce3089d","block_type":"box","text":"Bought USD, Sold GBP 69 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":302,"width":416,"height":12}},{"id":"3b8e1674-8c0d-4e00-833d-8884eeb8cc17","block_type":"box","text":"(1)","page_number":39,"box":{"x":781,"y":302,"width":19,"height":12}},{"id":"b7964b02-88e5-4850-800e-534107f81127","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"e54a30e1-4718-438f-a9da-c49ee8224577","block_type":"box","text":"USD 151","page_number":39,"box":{"x":129,"y":318,"width":64,"height":9}},{"id":"456054d9-2afd-464b-8e65-99e3aecba189","block_type":"box","text":"Bought USD, Sold GBP 115 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":318,"width":424,"height":11}},{"id":"6ff52ae2-5173-4ab0-bf80-fc1aa3f5c2ab","block_type":"box","text":"(1)","page_number":39,"box":{"x":781,"y":318,"width":19,"height":11}},{"id":"34d42451-bb1c-4cd7-a67c-63d41c4848dc","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"2951631d-5db8-4be0-bc6f-5ca249abeae4","block_type":"box","text":"JPY 854","page_number":39,"box":{"x":133,"y":333,"width":62,"height":9}},{"id":"d734b5fe-50a4-4619-a79a-fbe6f18f63bf","block_type":"box","text":"Bought JPY, Sold GBP 4 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":333,"width":400,"height":11}},{"id":"40aab1ba-bbd8-4470-83ee-d48e44eec36f","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":338,"width":9,"height":1}},{"id":"a85bc1fb-3952-4e8b-b848-6f6e575069f2","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":338,"width":9,"height":1}},{"id":"c7942dec-a276-4e93-bb23-db1a3cd60653","block_type":"box","text":"USD 123,215","page_number":39,"box":{"x":96,"y":348,"width":99,"height":11}},{"id":"69eb77ec-9682-46e6-a578-4eae72066b1d","block_type":"box","text":"Bought USD, Sold GBP 93,221 for settlement on","page_number":39,"box":{"x":230,"y":348,"width":365,"height":12}},{"id":"70a5b8f4-d1b4-40bb-be42-7d602a9f3d86","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":363,"width":83,"height":9}},{"id":"372f3d7b-32ae-4046-876a-b9badda43e84","block_type":"box","text":"(977)","page_number":39,"box":{"x":762,"y":363,"width":38,"height":11}},{"id":"8e5f966d-57c3-4522-b33b-9a1aceae1b0a","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"ee557b90-4e3d-4368-8b38-e2be0337dadc","block_type":"box","text":"USD 32,561","page_number":39,"box":{"x":105,"y":378,"width":88,"height":10}},{"id":"b46445b3-13d8-4a2f-8127-0053a86c30f5","block_type":"box","text":"Bought USD, Sold GBP 24,638 for settlement on","page_number":39,"box":{"x":230,"y":378,"width":365,"height":11}},{"id":"a316de8f-5111-4537-b387-e1f5d13791cd","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":392,"width":83,"height":9}},{"id":"ad85bf67-361c-46aa-83c9-4f4233f03c46","block_type":"box","text":"(262)","page_number":39,"box":{"x":762,"y":392,"width":38,"height":12}},{"id":"cb31f808-e3e4-4f41-971a-8703441ca1bc","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"c04e9ff4-6090-4afd-ba84-807c9d6c7333","block_type":"box","text":"USD 125","page_number":39,"box":{"x":129,"y":408,"width":66,"height":9}},{"id":"25292a92-4794-44d7-a667-78a53d01c0b8","block_type":"box","text":"Bought USD, Sold GBP 95 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":408,"width":416,"height":11}},{"id":"375b60bf-52c1-4090-97f4-1f7354b10df4","block_type":"box","text":"(1)","page_number":39,"box":{"x":781,"y":408,"width":19,"height":11}},{"id":"1549278e-5d90-4ec4-bd52-d031921c54f8","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"34cb233a-45c7-44fa-974f-0534da90c37c","block_type":"box","text":"USD 373","page_number":39,"box":{"x":129,"y":423,"width":66,"height":9}},{"id":"15aba42f-cbb5-4dbb-b48b-51b8777a6ccc","block_type":"box","text":"Bought USD, Sold GBP 279 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":423,"width":425,"height":11}},{"id":"d9ccc887-50a2-4a3b-8126-75f6b437e3f2","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":428,"width":9,"height":1}},{"id":"ec7dbb80-59f2-46ca-80db-6f93f897afea","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":428,"width":9,"height":1}},{"id":"f5437f5c-2d62-4f69-b610-792c59f4e633","block_type":"box","text":"AUD 4,932","page_number":39,"box":{"x":113,"y":438,"width":82,"height":11}},{"id":"ad4cf561-3470-4f43-ae64-4c97499e7144","block_type":"box","text":"Bought AUD, Sold GBP 2,606 for settlement on","page_number":39,"box":{"x":230,"y":438,"width":355,"height":12}},{"id":"f76f2157-85b1-4302-8ac7-9ce7a8b462ea","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":453,"width":83,"height":9}},{"id":"85377803-1cf8-46d7-8b2d-7814c18fd5f4","block_type":"box","text":"(45)","page_number":39,"box":{"x":771,"y":453,"width":29,"height":11}},{"id":"ad1c7431-fe15-4b2e-9694-bd49a4478c3e","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":458,"width":9,"height":1}},{"id":"1e16deb1-7d85-4068-b2dd-ab1f6f576eeb","block_type":"box","text":"AUD 3,465","page_number":39,"box":{"x":113,"y":468,"width":82,"height":10}},{"id":"95ffc986-0229-4c42-808b-133f3785595e","block_type":"box","text":"Bought AUD, Sold GBP 1,819 for settlement on","page_number":39,"box":{"x":230,"y":468,"width":355,"height":11}},{"id":"7a6e610e-a264-432a-86d6-964fcfb41df8","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":482,"width":83,"height":9}},{"id":"d8bae942-c91f-410b-ad16-7f7ee6f41ccd","block_type":"box","text":"(20)","page_number":39,"box":{"x":771,"y":482,"width":29,"height":11}},{"id":"80c6f2f6-1a12-4169-b19c-5189dfeaa7ef","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"cf717b04-982d-4650-929d-162c7c14a7d6","block_type":"box","text":"AUD 2,636","page_number":39,"box":{"x":113,"y":498,"width":82,"height":10}},{"id":"15df1e10-e1ee-4532-ad22-b00a29770ec6","block_type":"box","text":"Bought AUD, Sold GBP 1,377 for settlement on","page_number":39,"box":{"x":230,"y":498,"width":355,"height":11}},{"id":"091e241a-397e-4122-bf96-0be607427523","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":512,"width":83,"height":9}},{"id":"883902b5-a409-4e46-960f-76a0cb5098d7","block_type":"box","text":"(9)","page_number":39,"box":{"x":781,"y":512,"width":19,"height":11}},{"id":"ecb1cfde-8e64-4455-bccc-ff6ca3b7ace6","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":517,"width":9,"height":1}},{"id":"3687b9b7-350a-475d-8ced-8646cde8d4cb","block_type":"box","text":"AUD 1,183","page_number":39,"box":{"x":113,"y":527,"width":82,"height":11}},{"id":"2a13acff-930f-499a-a7d3-89f279f6edce","block_type":"box","text":"Bought AUD, Sold GBP 614 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":527,"width":424,"height":11}},{"id":"e9bfc1e9-0225-4754-a273-84fd0666b929","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":532,"width":9,"height":1}},{"id":"5dfc8a62-1bd0-4599-9262-ff9b970fe9b7","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"6cef28be-5f41-4f49-9372-2a5bf224ac21","block_type":"box","text":"CHF 15,755","page_number":39,"box":{"x":106,"y":543,"width":89,"height":10}},{"id":"921e5abd-7dff-43ec-ae9a-abfdad809d1b","block_type":"box","text":"Bought CHF, Sold GBP 14,802 for settlement on","page_number":39,"box":{"x":230,"y":543,"width":363,"height":11}},{"id":"5f9772c4-6906-486c-ac9b-4e1426789d1b","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"a46326d9-9e9e-414c-8adb-5ccb2a4d03f3","block_type":"box","text":"(99)","page_number":39,"box":{"x":771,"y":557,"width":29,"height":11}},{"id":"a7cdf893-2a38-49c6-bc78-c69b998afc20","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"91c51038-8059-4b89-b351-57c96560280c","block_type":"box","text":"USD 456","page_number":39,"box":{"x":129,"y":572,"width":66,"height":9}},{"id":"7d7c5cdb-a484-4b40-9d28-9247390f7e4c","block_type":"box","text":"Bought USD, Sold GBP 344 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":572,"width":425,"height":11}},{"id":"ebfe3a02-17a8-410d-b18a-49934ef0997e","block_type":"box","text":"(3)","page_number":39,"box":{"x":781,"y":572,"width":19,"height":11}},{"id":"3fc61fdc-e7aa-4d0b-a56c-289275731c46","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":577,"width":9,"height":1}},{"id":"5b2eed8e-7f25-4a35-a46e-3429ac30aba5","block_type":"box","text":"JPY 217,811","page_number":39,"box":{"x":101,"y":588,"width":92,"height":10}},{"id":"f8609850-5772-4d70-b925-bdb21614b6df","block_type":"box","text":"Bought JPY, Sold GBP 1,016 for settlement on","page_number":39,"box":{"x":230,"y":588,"width":349,"height":11}},{"id":"a4c389de-fff5-4d5e-bfe1-9efe6bcbc3ea","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":602,"width":83,"height":9}},{"id":"9f6a8315-42c8-4d51-9a8d-79a9d92feb10","block_type":"box","text":"(4)","page_number":39,"box":{"x":781,"y":602,"width":19,"height":11}},{"id":"b38a614d-410c-428b-b96c-42e6edbdd3b6","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":607,"width":9,"height":1}},{"id":"b62b3678-c9d0-4b8a-8b2a-cd64a5fe50a9","block_type":"box","text":"JPY 1,010,330","page_number":39,"box":{"x":86,"y":617,"width":109,"height":11}},{"id":"bbb05ed4-650c-404f-b5ba-63eda1c472ce","block_type":"box","text":"Bought JPY, Sold GBP 4,715 for settlement on","page_number":39,"box":{"x":230,"y":617,"width":349,"height":11}},{"id":"08aa168f-fe2f-470d-9df7-1ef5d0315aa6","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":631,"width":83,"height":9}},{"id":"97c8c3aa-7c31-45eb-82fc-fd2c931740e6","block_type":"box","text":"(20)","page_number":39,"box":{"x":771,"y":631,"width":29,"height":12}},{"id":"de31e649-5840-4ed4-a7f2-05b67fb11ae7","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":637,"width":9,"height":1}},{"id":"b98daaea-963f-4387-9ca6-bed5fcdea9ff","block_type":"box","text":"JPY 3,189","page_number":39,"box":{"x":119,"y":647,"width":76,"height":10}},{"id":"007c8c6f-7630-4184-af33-2723ba57897e","block_type":"box","text":"Bought JPY, Sold GBP 15 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":647,"width":409,"height":11}},{"id":"55007374-52e8-491d-aa59-d07f3a91f790","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":652,"width":9,"height":1}},{"id":"c67e95a4-ac4e-4f8a-bd72-7b499e74fd38","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":652,"width":9,"height":1}},{"id":"76815630-3a9c-452f-b152-863ad3e0a24f","block_type":"box","text":"EUR 124","page_number":39,"box":{"x":129,"y":662,"width":66,"height":9}},{"id":"62da6a04-1ea0-48af-8209-75cac79c9054","block_type":"box","text":"Bought EUR, Sold GBP 107 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":662,"width":425,"height":11}},{"id":"6ae364b4-5e86-41f2-8fbd-7b49089e0016","block_type":"box","text":"(1)","page_number":39,"box":{"x":781,"y":662,"width":19,"height":11}},{"id":"26ddd6d8-bb1e-4330-8a55-26e0f476d15b","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":667,"width":9,"height":1}},{"id":"7f75ebc3-c44f-4ed7-940e-bd4e437ef46a","block_type":"box","text":"EUR 8,907","page_number":39,"box":{"x":115,"y":678,"width":80,"height":10}},{"id":"34d206bf-326e-44a7-9984-382a7b566478","block_type":"box","text":"Bought EUR, Sold GBP 7,687 for settlement on","page_number":39,"box":{"x":230,"y":678,"width":356,"height":11}},{"id":"94e96451-b686-48f1-a8f9-afe0f90020d4","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":692,"width":83,"height":9}},{"id":"d76bd01d-c800-402a-bb0d-fd62843bf8d3","block_type":"box","text":"(54)","page_number":39,"box":{"x":771,"y":692,"width":29,"height":11}},{"id":"cb0b4b62-7f89-4800-88a8-424c63f27cd5","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":697,"width":9,"height":1}},{"id":"b111bd4b-8f7c-4ff0-a920-104c0fed671f","block_type":"box","text":"EUR 35","page_number":39,"box":{"x":138,"y":707,"width":57,"height":9}},{"id":"4116f3b6-cceb-4ad0-971b-ba094793cc20","block_type":"box","text":"Bought EUR, Sold GBP 30 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":707,"width":416,"height":11}},{"id":"5d913166-7fe3-4a59-af05-adf3b6b783cd","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":712,"width":9,"height":1}},{"id":"9b568b6e-3b2d-4ca3-9be7-dcb80beda4d8","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":712,"width":9,"height":1}},{"id":"eaa5d4db-3c58-4a13-b674-d78400b733f3","block_type":"box","text":"EUR 104","page_number":39,"box":{"x":129,"y":723,"width":66,"height":8}},{"id":"5102ba43-ba34-4992-b86b-2ab27b042ba3","block_type":"box","text":"Bought EUR, Sold GBP 89 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":722,"width":416,"height":12}},{"id":"4a16ed8f-e4e5-4b3a-9e1c-43934cf78d88","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":728,"width":9,"height":1}},{"id":"bd942ced-e9a9-4dcb-88f9-36b3ebeb3b7a","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":728,"width":9,"height":1}},{"id":"82b117ad-f7b7-4f1c-baab-3b6f7eb21f84","block_type":"box","text":"HKD 7,411","page_number":39,"box":{"x":116,"y":738,"width":77,"height":10}},{"id":"e69508c4-bd9e-420d-9208-55d78c64a5bf","block_type":"box","text":"Bought HKD, Sold GBP 716 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":738,"width":425,"height":11}},{"id":"b18bd294-7db8-480e-b008-d00bc63607a9","block_type":"box","text":"(8)","page_number":39,"box":{"x":781,"y":738,"width":19,"height":11}},{"id":"c3e1755d-8958-43ff-9d1f-4b087ae78a2f","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":743,"width":9,"height":1}},{"id":"7c7c14cb-7138-427f-9251-da6c56e30fcf","block_type":"box","text":"HKD 3,936","page_number":39,"box":{"x":115,"y":753,"width":80,"height":11}},{"id":"5eb947a3-d6cf-4f8d-bb1a-4ff7a45716b5","block_type":"box","text":"Bought HKD, Sold GBP 380 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":753,"width":425,"height":11}},{"id":"f175a99b-7073-4a2d-9ef4-631c3687371e","block_type":"box","text":"(4)","page_number":39,"box":{"x":781,"y":753,"width":19,"height":11}},{"id":"14eb0bbd-d814-4dec-9fa3-8fc34f3ddd5d","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":758,"width":9,"height":1}},{"id":"93e3cf82-ac44-47f5-a26e-c4a6d703fbd2","block_type":"box","text":"HKD 53","page_number":39,"box":{"x":138,"y":769,"width":57,"height":9}},{"id":"f68661f5-92fe-4076-9efe-d6bd9b8a16a8","block_type":"box","text":"Bought HKD, Sold GBP 5 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":769,"width":407,"height":11}},{"id":"7d4650f1-ffb6-46ba-bcf0-079d384665d5","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":774,"width":9,"height":1}},{"id":"64319e28-a634-437f-85ab-14c40e55cd97","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":774,"width":9,"height":1}},{"id":"9f795986-706b-403d-9ebe-8f65e12db911","block_type":"box","text":"HKD 58,022","page_number":39,"box":{"x":105,"y":784,"width":90,"height":10}},{"id":"dd6ff319-3ef8-46fd-8439-fffef1fc3128","block_type":"box","text":"Bought HKD, Sold GBP 5,631 for settlement on","page_number":39,"box":{"x":230,"y":784,"width":350,"height":11}},{"id":"9605db1e-0c00-4bd6-8e84-5b2340a66bbd","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":798,"width":83,"height":9}},{"id":"9d14408f-641c-459e-acdc-505bfe4c514a","block_type":"box","text":"(90)","page_number":39,"box":{"x":771,"y":798,"width":29,"height":11}},{"id":"6026626b-c8dc-4091-a350-ce1dc4c539c2","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":803,"width":9,"height":1}},{"id":"20066678-8b21-49db-910c-22121c99c8e8","block_type":"box","text":"HKD 98","page_number":39,"box":{"x":138,"y":814,"width":57,"height":8}},{"id":"1be10a4d-3e29-42ea-a250-83e43ddf3399","block_type":"box","text":"Bought HKD, Sold GBP 9 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":814,"width":407,"height":11}},{"id":"4eca0b64-82c0-4faf-b1e2-f916958920fb","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":819,"width":9,"height":1}},{"id":"f8b16f0c-8d31-4e8a-86b2-90decd1eecd8","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":819,"width":9,"height":1}},{"id":"c1a77771-d5ea-4bb4-91c8-b1666d03bcbe","block_type":"box","text":"HKD 147,832","page_number":39,"box":{"x":96,"y":829,"width":99,"height":10}},{"id":"cc576e49-cf5c-40e4-b07e-88a9210672b0","block_type":"box","text":"Bought HKD, Sold GBP 14,276 for settlement on","page_number":39,"box":{"x":230,"y":829,"width":360,"height":11}},{"id":"b47dad01-c24b-4a27-bfde-b7804bdd69ea","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":843,"width":83,"height":9}},{"id":"f20f94d6-a40c-4d16-98d5-fd9b7571faf9","block_type":"box","text":"(159)","page_number":39,"box":{"x":762,"y":843,"width":38,"height":11}},{"id":"1b491e42-f002-4101-aeca-18ac8a01a302","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":848,"width":9,"height":1}},{"id":"1c88a3cc-3a52-4189-8a8d-4ac5b6656834","block_type":"box","text":"HKD 290","page_number":39,"box":{"x":129,"y":859,"width":66,"height":8}},{"id":"daf478b0-6d80-43a8-945c-1b371f604345","block_type":"box","text":"Bought HKD, Sold GBP 28 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":859,"width":416,"height":11}},{"id":"1bd2fae1-2a04-4fb3-8b44-8eb5d9122546","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":864,"width":9,"height":1}},{"id":"506eeda8-25bd-439a-99db-82e271bfd01e","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":864,"width":9,"height":1}},{"id":"9157e19c-ba8f-4737-a790-35e9f9ac3869","block_type":"box","text":"HKD 20,375","page_number":39,"box":{"x":105,"y":874,"width":90,"height":10}},{"id":"1dd9c722-693e-4e80-85fd-d00de1d21131","block_type":"box","text":"Bought HKD, Sold GBP 1,968 for settlement on","page_number":39,"box":{"x":230,"y":874,"width":356,"height":11}},{"id":"f6d1c370-95ed-4583-85b3-7c23c36d86c2","block_type":"box","text":"24/07/2026","page_number":39,"box":{"x":229,"y":888,"width":83,"height":9}},{"id":"7217795a-3463-4341-b072-fc14fbec1135","block_type":"box","text":"(22)","page_number":39,"box":{"x":771,"y":888,"width":29,"height":11}},{"id":"9bbff64e-cfdb-462f-be65-1799a3f591a7","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":893,"width":9,"height":1}},{"id":"2f6211e7-8f9d-4e02-8f55-79843f3a0437","block_type":"box","text":"HKD 80","page_number":39,"box":{"x":138,"y":904,"width":57,"height":8}},{"id":"a2d0afa0-a9df-41ce-bb5c-49e04513d6c4","block_type":"box","text":"Bought HKD, Sold GBP 8 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":904,"width":407,"height":11}},{"id":"b8525721-0bc3-4d7b-831c-c8a460ef02e0","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":909,"width":9,"height":1}},{"id":"247d6f3e-1416-42fe-81f5-bd8c2bb3b712","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":909,"width":9,"height":1}},{"id":"4ff3c5e2-a5c4-455a-b5e9-76c0a2ee07b6","block_type":"box","text":"HKD 237","page_number":39,"box":{"x":129,"y":919,"width":66,"height":9}},{"id":"5b16d66c-8381-4fdf-b521-113b2cbc0d73","block_type":"box","text":"Bought HKD, Sold GBP 23 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":919,"width":416,"height":11}},{"id":"ffd254da-f396-4fbe-8680-f1572cbbf2a4","block_type":"box","text":"–","page_number":39,"box":{"x":791,"y":924,"width":9,"height":1}},{"id":"5008b2a8-ba5a-4fc7-bb90-62403922e01b","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":924,"width":9,"height":1}},{"id":"f6785fd8-64a3-4c89-95bb-665f73f7ef81","block_type":"box","text":"JPY 87,275","page_number":39,"box":{"x":110,"y":934,"width":85,"height":11}},{"id":"c0002022-ed36-482b-abf0-c2ce3f06e8be","block_type":"box","text":"Bought JPY, Sold GBP 410 for settlement on 24/07/2026","page_number":39,"box":{"x":230,"y":934,"width":419,"height":12}},{"id":"979ebcaa-532c-40fe-9aae-f12b97c3eba1","block_type":"box","text":"(5)","page_number":39,"box":{"x":781,"y":934,"width":19,"height":12}},{"id":"d39b1c4a-7ffe-4fab-af8a-1387c1c6b308","block_type":"box","text":"–","page_number":39,"box":{"x":948,"y":939,"width":9,"height":1}},{"id":"1d7ef526-fecb-4ddc-bab3-7092363ca560","block_type":"box","text":"39","page_number":40,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"d8432fef-2f7a-4442-8bcf-1b119829559b","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":40,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"9c72f9c3-09b1-4025-9e58-2b2e7321bf92","block_type":"box","text":"Portfolio Statement (continued)","page_number":40,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"ad86669a-0c6d-400e-be53-8b6bed5c1ed9","block_type":"box","text":"Holding","page_number":40,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"796f5386-5636-4808-b1ab-54e90051bf0b","block_type":"box","text":"Investment","page_number":40,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"11971152-720f-4853-8c30-c0d225201a5a","block_type":"box","text":"Market","page_number":40,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"8c4d2ee1-bb0c-4dea-8eb2-1290f0e5fda6","block_type":"box","text":"Value","page_number":40,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"555fe6a1-18a9-4075-b885-eb791869f016","block_type":"box","text":"£","page_number":40,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"3319aae9-2bc4-4df9-a588-ba6af263e983","block_type":"box","text":"% of","page_number":40,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"b1d31ea9-7b22-4b2f-89d6-138442eb363c","block_type":"box","text":"Net Assets","page_number":40,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"2e53c273-3b5a-4bde-a039-a94f284499de","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":40,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"2671aecc-c56e-4fe0-a8e7-384ddc32e326","block_type":"box","text":"JPY 47,929","page_number":40,"box":{"x":110,"y":183,"width":85,"height":10}},{"id":"84d43dfd-dbcf-456e-b60c-c7f27be64345","block_type":"box","text":"Bought JPY, Sold GBP 224 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":183,"width":419,"height":11}},{"id":"7625090c-a175-407d-9296-ae8eef415387","block_type":"box","text":"(2)","page_number":40,"box":{"x":781,"y":183,"width":19,"height":11}},{"id":"a6c7155f-6378-49a6-85e5-4ac01b718674","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"697e476d-c0c4-46d1-8068-b3e9ce3e2d8c","block_type":"box","text":"JPY 634","page_number":40,"box":{"x":133,"y":198,"width":62,"height":9}},{"id":"421ba47c-dfc0-4f39-b883-de8c6e1e05bd","block_type":"box","text":"Bought JPY, Sold GBP 3 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":198,"width":400,"height":11}},{"id":"417443e4-4d4c-4011-a52f-3f8c448a95a3","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":203,"width":9,"height":1}},{"id":"00c20059-d3fe-4359-b3e2-6f81a1358177","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":203,"width":9,"height":1}},{"id":"0905bc6d-7c7a-4b36-ac8a-407c682f312b","block_type":"box","text":"JPY 988,703","page_number":40,"box":{"x":100,"y":214,"width":95,"height":10}},{"id":"f9517965-94ad-44d6-bad0-e440fcc8e0e6","block_type":"box","text":"Bought JPY, Sold GBP 4,657 for settlement on","page_number":40,"box":{"x":230,"y":213,"width":349,"height":12}},{"id":"a941b3ab-94e6-4523-9edc-eb8af73da415","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":228,"width":83,"height":9}},{"id":"39412f75-147f-4d0d-b65c-2f9a09192dda","block_type":"box","text":"(63)","page_number":40,"box":{"x":771,"y":228,"width":29,"height":11}},{"id":"233aab74-fa7d-406c-94d3-c77e6a0a61fa","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"8bb8c4ea-4e2e-4737-a531-ef19381a9568","block_type":"box","text":"JPY 1,028","page_number":40,"box":{"x":119,"y":243,"width":76,"height":11}},{"id":"622f3964-56f7-4f57-a754-5b428f77ca1c","block_type":"box","text":"Bought JPY, Sold GBP 5 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":243,"width":400,"height":11}},{"id":"9d4e5f91-2ae1-461b-a2f3-5a6bff37702d","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":248,"width":9,"height":1}},{"id":"31249260-b740-4210-8048-1064598eca4d","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"09804fd2-83d8-4c34-997c-b7c101d2bf20","block_type":"box","text":"CHF 12,933","page_number":40,"box":{"x":106,"y":258,"width":89,"height":11}},{"id":"241cd6de-73d7-4135-9889-d817d887bb70","block_type":"box","text":"Bought CHF, Sold GBP 12,080 for settlement on","page_number":40,"box":{"x":230,"y":258,"width":363,"height":12}},{"id":"28b63bc6-33ef-4046-ae98-2a8e92cb9490","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":273,"width":83,"height":9}},{"id":"433841df-a9ff-441e-b468-b91d6aac2bcc","block_type":"box","text":"(11)","page_number":40,"box":{"x":773,"y":273,"width":27,"height":11}},{"id":"8a222cf5-69f7-4e68-bffd-4de0e634ee0c","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"42d93402-59e8-4f54-9f19-19330945b96b","block_type":"box","text":"EUR 41","page_number":40,"box":{"x":138,"y":288,"width":55,"height":9}},{"id":"debbe5c2-626b-4c89-b0c2-172af6dfa055","block_type":"box","text":"Bought EUR, Sold GBP 35 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":288,"width":416,"height":11}},{"id":"4f036971-1a33-4dd9-90e1-35f0c6b83b8b","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":293,"width":9,"height":1}},{"id":"839cc6c5-0d18-4ec5-819a-3bbc19bced8e","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"75b2004b-866e-4b48-a511-1b1048f8cdc5","block_type":"box","text":"CHF 550","page_number":40,"box":{"x":129,"y":303,"width":66,"height":9}},{"id":"be5ef867-2076-45c7-bc39-d58dc92bbd11","block_type":"box","text":"Bought CHF, Sold GBP 514 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":303,"width":423,"height":12}},{"id":"97b17221-f74d-4cb3-b725-c1f9e77cb30c","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":309,"width":9,"height":1}},{"id":"312586bd-4aac-4c05-806b-c526e806910f","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":309,"width":9,"height":1}},{"id":"11489e10-bd17-4b7f-a5d0-a706889bf862","block_type":"box","text":"EUR 7,267","page_number":40,"box":{"x":115,"y":319,"width":80,"height":10}},{"id":"9d04a641-4c36-476c-aff8-b137aa5f4a9e","block_type":"box","text":"Bought EUR, Sold GBP 6,227 for settlement on","page_number":40,"box":{"x":230,"y":319,"width":356,"height":11}},{"id":"742e6b03-e840-49b8-948e-d60b06e80d44","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":333,"width":83,"height":9}},{"id":"5fc412da-9cb8-484d-a958-87771b56df85","block_type":"box","text":"1","page_number":40,"box":{"x":793,"y":333,"width":4,"height":9}},{"id":"b796a139-5b58-4552-8588-2bad58e9768c","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":338,"width":9,"height":1}},{"id":"2cecf42e-9daa-43c7-a65d-13199be68fee","block_type":"box","text":"CHF 10,817","page_number":40,"box":{"x":106,"y":348,"width":89,"height":11}},{"id":"e199b158-824f-4e15-9303-b160320b1a75","block_type":"box","text":"Bought CHF, Sold GBP 10,129 for settlement on","page_number":40,"box":{"x":230,"y":348,"width":363,"height":12}},{"id":"7359f789-4a4a-4192-88f4-4b3ade21645e","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":363,"width":83,"height":9}},{"id":"426a2ff6-8397-4485-a2f9-c86762b990e6","block_type":"box","text":"(35)","page_number":40,"box":{"x":771,"y":363,"width":29,"height":11}},{"id":"4fb83d2c-c7a5-470e-b747-1a0246a5338c","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"ecb5616f-c6bb-4b30-8515-9015c4004bfb","block_type":"box","text":"CHF 321","page_number":40,"box":{"x":129,"y":378,"width":64,"height":9}},{"id":"e1101fc2-f2a3-4491-9d30-9d953520f1c7","block_type":"box","text":"Bought CHF, Sold GBP 302 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":378,"width":423,"height":11}},{"id":"a352a423-7297-484c-bef9-41efbe01bd65","block_type":"box","text":"(2)","page_number":40,"box":{"x":781,"y":378,"width":19,"height":11}},{"id":"992bd216-1295-4eff-9a07-2fe44cb8cd59","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":383,"width":9,"height":1}},{"id":"e18cba1e-4e7e-4c4b-8f97-bcff2419177d","block_type":"box","text":"CHF 353","page_number":40,"box":{"x":129,"y":393,"width":66,"height":9}},{"id":"7f5b85d4-4e4c-48ed-9e80-279206729a35","block_type":"box","text":"Bought CHF, Sold GBP 332 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":393,"width":423,"height":12}},{"id":"a2c33d42-3680-45ba-b839-ad86e2da823b","block_type":"box","text":"(2)","page_number":40,"box":{"x":781,"y":393,"width":19,"height":12}},{"id":"dd1193e0-2959-4eab-b3e1-536e503ccb0a","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":399,"width":9,"height":0}},{"id":"9179a6a3-e2a5-4745-860b-6c7decdbbdfa","block_type":"box","text":"CHF 368,012","page_number":40,"box":{"x":97,"y":409,"width":98,"height":10}},{"id":"61faff5d-66e2-4976-add3-5d1e2f54b786","block_type":"box","text":"Bought CHF, Sold GBP 345,757 for settlement on","page_number":40,"box":{"x":230,"y":409,"width":372,"height":11}},{"id":"485e94fa-01e9-4182-9eb9-892931078430","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":423,"width":83,"height":9}},{"id":"30529046-c604-4e66-8808-62f0f92468d9","block_type":"box","text":"(2,320)","page_number":40,"box":{"x":748,"y":423,"width":52,"height":11}},{"id":"1c3ae273-aa5f-40d3-aa61-15d3f7ae7c97","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":428,"width":9,"height":1}},{"id":"a47b9c9e-87db-45cf-afc1-9e4b9224cfb9","block_type":"box","text":"CHF 43","page_number":40,"box":{"x":139,"y":438,"width":56,"height":9}},{"id":"8c1c672e-d8cf-4d4f-baa9-885e3a5360c7","block_type":"box","text":"Bought CHF, Sold GBP 40 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":438,"width":413,"height":12}},{"id":"2c57762c-dbc7-42ac-8357-4ebff83390f3","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":444,"width":9,"height":0}},{"id":"e8a72807-46c9-402d-a48b-fb86880e3991","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":444,"width":9,"height":0}},{"id":"497f6e73-d7db-4529-a62a-cf8879dce535","block_type":"box","text":"CHF 1,972","page_number":40,"box":{"x":115,"y":454,"width":80,"height":10}},{"id":"2386c068-494b-4543-8445-764be190ef48","block_type":"box","text":"Bought CHF, Sold GBP 1,850 for settlement on","page_number":40,"box":{"x":230,"y":454,"width":353,"height":11}},{"id":"d4476663-7bcd-49f4-b099-5692d7582922","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":468,"width":83,"height":9}},{"id":"817d5df1-c25e-4561-aa28-faaa1011c0f7","block_type":"box","text":"(10)","page_number":40,"box":{"x":771,"y":468,"width":29,"height":11}},{"id":"368cc74e-17c4-45c2-98dc-d9b2a0ba9461","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":473,"width":9,"height":1}},{"id":"f797d1ca-27b1-4902-afdd-cec2fcc10d51","block_type":"box","text":"CHF 1,527","page_number":40,"box":{"x":115,"y":483,"width":80,"height":11}},{"id":"1088dd13-ae25-4c0c-b33a-70c091b632df","block_type":"box","text":"Bought CHF, Sold GBP 1,435 for settlement on","page_number":40,"box":{"x":230,"y":483,"width":353,"height":12}},{"id":"52dc77e2-a382-412e-841d-927d5c0f0811","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":498,"width":83,"height":8}},{"id":"1a76735a-2290-4045-88cc-4f5675a1a495","block_type":"box","text":"(10)","page_number":40,"box":{"x":771,"y":498,"width":29,"height":11}},{"id":"c4e75d99-7dab-40da-abbd-d2ba08154641","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"6a5d8ac5-7f3a-4805-9bc3-a52d41ce895a","block_type":"box","text":"CHF 11,127","page_number":40,"box":{"x":107,"y":513,"width":88,"height":10}},{"id":"c31b3905-1a29-4b5f-a0c7-1b6d1c5be812","block_type":"box","text":"Bought CHF, Sold GBP 10,431 for settlement on","page_number":40,"box":{"x":230,"y":513,"width":363,"height":11}},{"id":"a9ab34b1-a268-487e-aa14-760b74608d51","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"556cb7fe-f2ed-487d-91b7-f6cbdfa91190","block_type":"box","text":"(47)","page_number":40,"box":{"x":771,"y":527,"width":29,"height":11}},{"id":"4b0dd03b-632b-4331-87f4-ba1f0c5fa4aa","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"55d17ac2-d4c7-47d4-9633-5a435ccb3875","block_type":"box","text":"CHF 13","page_number":40,"box":{"x":139,"y":543,"width":56,"height":8}},{"id":"4b6924b8-cdf3-4230-ad1d-c594e5f04f8b","block_type":"box","text":"Bought CHF, Sold GBP 12 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":543,"width":413,"height":11}},{"id":"a2206257-7869-4f06-9659-2e70a84edb6d","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":548,"width":9,"height":1}},{"id":"aabc5a71-08a0-431d-b177-7da2875ce3b2","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":548,"width":9,"height":1}},{"id":"aab6e1a4-21ee-4cd7-b63f-b4ee07dfe228","block_type":"box","text":"CHF 263","page_number":40,"box":{"x":129,"y":558,"width":66,"height":9}},{"id":"a4a8071f-6dda-4436-84e3-c7b092e6c430","block_type":"box","text":"Bought CHF, Sold GBP 246 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":558,"width":423,"height":11}},{"id":"6a2bc493-d379-4db6-995b-bcb418134736","block_type":"box","text":"–","page_number":40,"box":{"x":791,"y":563,"width":9,"height":1}},{"id":"6a2ad850-8eb9-436a-8437-c72c68bac9cb","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":563,"width":9,"height":1}},{"id":"c159637a-95be-48d9-93a1-720fc974d22d","block_type":"box","text":"EUR 96","page_number":40,"box":{"x":138,"y":573,"width":57,"height":9}},{"id":"0656d5c5-7955-4b35-824d-641f435d389c","block_type":"box","text":"Bought EUR, Sold GBP 83 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":573,"width":416,"height":12}},{"id":"4ca56abd-e3e8-48d7-807c-7b294269d57a","block_type":"box","text":"(1)","page_number":40,"box":{"x":781,"y":573,"width":19,"height":12}},{"id":"aa145e50-1bd4-4c4f-88c1-f2a574813e8f","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":579,"width":9,"height":0}},{"id":"899ae28d-1079-4de7-bad1-aa6abbe2f660","block_type":"box","text":"EUR 81,423","page_number":40,"box":{"x":105,"y":589,"width":90,"height":10}},{"id":"67adfab0-ac99-4f31-93c2-71b2145e619b","block_type":"box","text":"Bought EUR, Sold GBP 70,399 for settlement on","page_number":40,"box":{"x":230,"y":589,"width":365,"height":11}},{"id":"20250d2e-aed6-4b32-a49f-be3bd2f9fb3f","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":603,"width":83,"height":9}},{"id":"fee0bd39-9ea1-4167-98e7-9927937bc026","block_type":"box","text":"(612)","page_number":40,"box":{"x":762,"y":603,"width":38,"height":11}},{"id":"7d6413bc-2cbd-4306-8c83-0ad036e6f0b6","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":608,"width":9,"height":1}},{"id":"59056887-5421-41ae-9753-87ffc23ca76e","block_type":"box","text":"EUR 2,655","page_number":40,"box":{"x":115,"y":618,"width":80,"height":11}},{"id":"9db7b2c9-1ba7-442d-a5c7-fbf74699e383","block_type":"box","text":"Bought EUR, Sold GBP 2,292 for settlement on","page_number":40,"box":{"x":230,"y":618,"width":356,"height":12}},{"id":"770c7d03-b945-443e-b12b-8a82ef3fdd7a","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":633,"width":83,"height":8}},{"id":"ef93e7d9-eaa0-4b5a-9703-b695c4d28b30","block_type":"box","text":"(16)","page_number":40,"box":{"x":771,"y":633,"width":29,"height":11}},{"id":"07e1edbc-f7ea-417a-928a-69d3c6d4a702","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":638,"width":9,"height":1}},{"id":"7d504074-37c9-40e9-bccc-7321de1ff6e5","block_type":"box","text":"EUR 2,415","page_number":40,"box":{"x":115,"y":648,"width":80,"height":10}},{"id":"0f64bf11-f697-49b7-a95e-f22d4c159c6b","block_type":"box","text":"Bought EUR, Sold GBP 2,085 for settlement on","page_number":40,"box":{"x":230,"y":648,"width":356,"height":11}},{"id":"0a617fe0-02ff-4ab1-97b1-1133df57e155","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":662,"width":83,"height":9}},{"id":"4e845241-0bc2-4a31-8797-6fce7bfe8f9f","block_type":"box","text":"(15)","page_number":40,"box":{"x":771,"y":662,"width":29,"height":11}},{"id":"a84c805f-6858-4d31-8f89-1f5c5e771be4","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":667,"width":9,"height":1}},{"id":"1e169282-28d6-4420-a891-0a31d411291b","block_type":"box","text":"EUR 377,512","page_number":40,"box":{"x":96,"y":678,"width":99,"height":10}},{"id":"cd6c6cbb-aaeb-4bd1-823d-344f81dd330c","block_type":"box","text":"Bought EUR, Sold GBP 326,274 for settlement on","page_number":40,"box":{"x":230,"y":678,"width":375,"height":11}},{"id":"9e541f06-7a19-49cd-b5d3-9213ca793e1a","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":692,"width":83,"height":9}},{"id":"4f85167f-e059-48bd-bd0e-80b29dd65ec6","block_type":"box","text":"(2,71","page_number":40,"box":{"x":748,"y":692,"width":34,"height":11}},{"id":"088aa25d-8b4f-4cb4-9030-28710e8c7d75","block_type":"box","text":"2","page_number":40,"box":{"x":786,"y":692,"width":8,"height":9}},{"id":"91c3aed2-2725-460d-8a81-73cf4f83a999","block_type":"box","text":")","page_number":40,"box":{"x":796,"y":692,"width":4,"height":11}},{"id":"82a3d733-e7fb-45c4-96a0-51da6825e761","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":697,"width":9,"height":1}},{"id":"cb46103a-e939-4daa-91f5-316c6247189b","block_type":"box","text":"EUR 427","page_number":40,"box":{"x":129,"y":707,"width":66,"height":9}},{"id":"dbd6a26f-97e0-408b-a794-6c18a41d4f69","block_type":"box","text":"Bought EUR, Sold GBP 368 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":707,"width":425,"height":11}},{"id":"300e2bc6-33bd-40b7-9c38-82fda1afd629","block_type":"box","text":"(2)","page_number":40,"box":{"x":781,"y":707,"width":19,"height":11}},{"id":"2383a4e9-4211-4005-8e7f-56d7ce3d60a7","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":712,"width":9,"height":1}},{"id":"637e7b93-2331-41b8-94f7-3866e5f8f07b","block_type":"box","text":"EUR 19,236","page_number":40,"box":{"x":105,"y":723,"width":90,"height":10}},{"id":"72478e6b-02ef-430b-999d-6cfedecd2d26","block_type":"box","text":"Bought EUR, Sold GBP 16,596 for settlement on","page_number":40,"box":{"x":230,"y":722,"width":360,"height":12}},{"id":"86bd6f76-436c-43a6-aad7-05a2da080cee","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":737,"width":83,"height":9}},{"id":"e2b5c3b3-1ccf-4cea-a0c7-e7c9ce649615","block_type":"box","text":"(108)","page_number":40,"box":{"x":762,"y":737,"width":38,"height":11}},{"id":"70409004-7cc9-4c51-86d4-4f2bab8b4227","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":742,"width":9,"height":1}},{"id":"03924ab1-37ad-4194-bbc3-499ebc563d42","block_type":"box","text":"EUR 14,495","page_number":40,"box":{"x":105,"y":752,"width":90,"height":11}},{"id":"9626e758-e7ad-4bb2-b4ea-0cd383ec10c1","block_type":"box","text":"Bought EUR, Sold GBP 12,539 for settlement on","page_number":40,"box":{"x":230,"y":752,"width":360,"height":11}},{"id":"ba8d6270-0d5c-4c4a-94bc-6b4ecf02a3d7","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":766,"width":83,"height":9}},{"id":"f6e224ba-0910-4eeb-9dc6-4359e4bf2c8a","block_type":"box","text":"(116)","page_number":40,"box":{"x":763,"y":766,"width":37,"height":12}},{"id":"b32fdaf2-8f7d-4a88-ab15-e880007e5aff","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":772,"width":9,"height":0}},{"id":"bfbc7a37-f452-4e86-8611-77f4dd0f66aa","block_type":"box","text":"CHF 298,359","page_number":40,"box":{"x":97,"y":782,"width":98,"height":10}},{"id":"ab283724-f598-4694-a1c3-4aa50ff9a356","block_type":"box","text":"Bought CHF, Sold GBP 278,682 for settlement on","page_number":40,"box":{"x":230,"y":782,"width":366,"height":11}},{"id":"78cabc9c-3997-4f9f-bc4c-4072359a94c3","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":796,"width":83,"height":9}},{"id":"b09e604d-719e-442f-be13-653d053fc01e","block_type":"box","text":"(246)","page_number":40,"box":{"x":762,"y":796,"width":38,"height":11}},{"id":"c667e867-40a3-470d-944a-bcad66f58236","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":801,"width":9,"height":1}},{"id":"68473cec-35c2-46bf-aa67-7d6c89abfd76","block_type":"box","text":"AUD 412","page_number":40,"box":{"x":127,"y":811,"width":68,"height":9}},{"id":"77b18e73-4883-490e-9c03-3738e2ebcfcd","block_type":"box","text":"Bought AUD, Sold GBP 215 for settlement on 24/07/2026","page_number":40,"box":{"x":230,"y":811,"width":424,"height":12}},{"id":"8f0b50b0-15a7-4637-8441-13dd6cc360d7","block_type":"box","text":"(1)","page_number":40,"box":{"x":781,"y":811,"width":19,"height":12}},{"id":"3520d3a1-9513-4ce8-a78b-a2dc88199e8c","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":817,"width":9,"height":0}},{"id":"f5e92e8d-b33e-4147-9ba4-d51ff684afdf","block_type":"box","text":"AUD 17,266","page_number":40,"box":{"x":104,"y":827,"width":91,"height":10}},{"id":"281807f5-9e80-49cb-b27a-b83547073a6f","block_type":"box","text":"Bought AUD, Sold GBP 9,004 for settlement on","page_number":40,"box":{"x":230,"y":827,"width":349,"height":11}},{"id":"85deae50-638b-4a14-aa5f-8c5dcb4d69cd","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":841,"width":83,"height":9}},{"id":"5631425f-e0cf-4481-865f-b35348391229","block_type":"box","text":"(41)","page_number":40,"box":{"x":771,"y":841,"width":29,"height":11}},{"id":"c8edff6d-af88-4a12-ac68-3e1c97ab2649","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":846,"width":9,"height":1}},{"id":"ecedff1b-1230-46b4-8fe6-a8fff9104a75","block_type":"box","text":"AUD 61,257","page_number":40,"box":{"x":104,"y":856,"width":91,"height":11}},{"id":"0e82461a-3b4d-4f8b-9912-3127471fc2fc","block_type":"box","text":"Bought AUD, Sold GBP 32,002 for settlement on","page_number":40,"box":{"x":230,"y":856,"width":365,"height":12}},{"id":"552db1e7-db00-498b-be69-9e1f18c5d70f","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":871,"width":83,"height":9}},{"id":"39aada3f-58c8-4f73-b44f-af81718d5eac","block_type":"box","text":"(203)","page_number":40,"box":{"x":762,"y":871,"width":38,"height":11}},{"id":"44be3360-31fc-4ec1-876d-aa1623edb082","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":876,"width":9,"height":1}},{"id":"e1ddb113-e2f9-4fd4-b8f6-326e7868618e","block_type":"box","text":"HKD 24,917","page_number":40,"box":{"x":105,"y":886,"width":90,"height":10}},{"id":"c300e800-1a6c-41de-8e02-63643c60bb19","block_type":"box","text":"Bought HKD, Sold GBP 2,418 for settlement on","page_number":40,"box":{"x":230,"y":886,"width":356,"height":11}},{"id":"cf223b49-6a86-4fcf-83d1-856d7fc04e35","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":900,"width":83,"height":9}},{"id":"eafd7109-55cb-4cd5-8e32-45f0bea87cd7","block_type":"box","text":"(39)","page_number":40,"box":{"x":771,"y":900,"width":29,"height":11}},{"id":"63560e51-d4fc-4967-b83f-3fc14efb7b94","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":905,"width":9,"height":1}},{"id":"804a8a31-f606-4624-83b9-323c3ffe0993","block_type":"box","text":"HKD 63,466","page_number":40,"box":{"x":105,"y":916,"width":90,"height":10}},{"id":"4a2d250e-848a-4c84-9f15-9d7f27b556ed","block_type":"box","text":"Bought HKD, Sold GBP 6,129 for settlement on","page_number":40,"box":{"x":230,"y":916,"width":350,"height":11}},{"id":"4c1fabea-bcf8-4a17-95e7-2bf78183ad96","block_type":"box","text":"24/07/2026","page_number":40,"box":{"x":229,"y":930,"width":83,"height":9}},{"id":"f9e5be2f-a7f8-48a7-b43b-d24f91457aed","block_type":"box","text":"(68)","page_number":40,"box":{"x":771,"y":930,"width":29,"height":11}},{"id":"641d27b3-bf05-4c29-8ba9-139bbf5ec653","block_type":"box","text":"–","page_number":40,"box":{"x":948,"y":935,"width":9,"height":1}},{"id":"466c3b4d-a373-43cc-9c9c-ce59547beea6","block_type":"box","text":"40","page_number":41,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"7dbf814d-4804-4ff4-ad40-094184eafe86","block_type":"box","text":"41","page_number":41,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"db70a626-1b10-448a-b22e-65db31ce154b","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":41,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"08c5864d-1e6e-4c9f-a87f-f17e9847d597","block_type":"box","text":"Portfolio Statement (continued)","page_number":41,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"b24c2215-dd25-494c-9cd6-620eda3ad482","block_type":"box","text":"Holding","page_number":41,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"37d6121e-43eb-40fc-bcc7-311d12150bd9","block_type":"box","text":"Investment","page_number":41,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"f87058ed-051f-47f4-a0ba-a6b87b79b3e5","block_type":"box","text":"Market","page_number":41,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"1797d584-6f7f-4529-85f0-8c9504e37e55","block_type":"box","text":"Value","page_number":41,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"1350e507-3000-4ec9-89cd-a6bfb7bd6b4b","block_type":"box","text":"£","page_number":41,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"2ca5e425-0d52-4a80-8cc1-c968b4b99b68","block_type":"box","text":"% of","page_number":41,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"a790f626-7f0f-4b4b-a6c4-435443c490b2","block_type":"box","text":"Net Assets","page_number":41,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"2befe2f4-c739-46eb-abf6-28af8282a70a","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":41,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"50c2c783-5c8b-43f4-acf0-80e7e68a16c2","block_type":"box","text":"HKD 16,589","page_number":41,"box":{"x":105,"y":183,"width":90,"height":10}},{"id":"c6cb1673-0a7b-4f71-803e-0ef321ca52eb","block_type":"box","text":"Bought HKD, Sold GBP 1,583 for settlement on","page_number":41,"box":{"x":230,"y":183,"width":356,"height":11}},{"id":"05e8fe47-a946-4c5d-bbbd-c0870be4c2e6","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"62cda072-370a-419d-ac2c-17fddb75a104","block_type":"box","text":"1","page_number":41,"box":{"x":793,"y":197,"width":4,"height":9}},{"id":"ec741985-2b10-4556-b6e3-e4aabd073b92","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"4e2f6240-e1cd-4d57-acc1-2b8aa6d8026e","block_type":"box","text":"JPY 328,810","page_number":41,"box":{"x":100,"y":212,"width":95,"height":11}},{"id":"2fa2a2ce-12dc-4507-a089-df314ca924cf","block_type":"box","text":"Bought JPY, Sold GBP 1,541 for settlement on","page_number":41,"box":{"x":230,"y":212,"width":349,"height":12}},{"id":"d0e4c9a8-8b72-4b9c-b824-b178db529445","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"e3e2cc12-5a62-470c-9f54-f797a24659b9","block_type":"box","text":"(13)","page_number":41,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"8d830501-2671-43fb-8915-b78cffbfdf31","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"7f8c1ba4-17ee-40cc-ae20-067d9058bcb3","block_type":"box","text":"JPY 425,181","page_number":41,"box":{"x":100,"y":242,"width":93,"height":10}},{"id":"2405a08a-ca47-4b59-9a92-35b6af8a52eb","block_type":"box","text":"Bought JPY, Sold GBP 2,003 for settlement on","page_number":41,"box":{"x":230,"y":242,"width":349,"height":11}},{"id":"3b3791f0-1a6f-480a-8d0e-98c104147f5d","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"c39124c7-8131-4fbd-aa91-60b9fbb02fe2","block_type":"box","text":"(27)","page_number":41,"box":{"x":771,"y":256,"width":29,"height":11}},{"id":"227bae11-9c97-4830-b606-b276a49cf10c","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"55130a78-0b25-4b34-91b4-f6e859b518f7","block_type":"box","text":"JPY 434,492","page_number":41,"box":{"x":100,"y":272,"width":95,"height":10}},{"id":"97ec495f-7f94-4e17-b5ff-197e361157ea","block_type":"box","text":"Bought JPY, Sold GBP 2,028 for settlement on","page_number":41,"box":{"x":230,"y":272,"width":349,"height":11}},{"id":"1871d708-e083-40e0-b39b-d168411a269a","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"4b20dc41-ec6a-403b-a176-05ef3361f123","block_type":"box","text":"(9)","page_number":41,"box":{"x":781,"y":286,"width":19,"height":11}},{"id":"0d8ce620-85eb-46d2-82f6-f9f4a30d00dd","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"5876b8af-2fa1-4eeb-afb9-aa04fe4bc16f","block_type":"box","text":"JPY 176,195","page_number":41,"box":{"x":100,"y":301,"width":95,"height":11}},{"id":"87b556b7-8b25-4f2a-9ced-8d3a3ad28968","block_type":"box","text":"Bought JPY, Sold GBP 820 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":301,"width":419,"height":11}},{"id":"f482aae4-7542-4d38-9ebb-a5d7cc95538c","block_type":"box","text":"(2)","page_number":41,"box":{"x":781,"y":301,"width":19,"height":11}},{"id":"31d34a48-fb9d-4009-8224-071727c71bc3","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"5449c911-ea8c-45c9-8c7b-37c60fadc7bb","block_type":"box","text":"SGD 22,025","page_number":41,"box":{"x":104,"y":317,"width":91,"height":10}},{"id":"c1104324-60ac-4201-9bd7-36acfb8c64c6","block_type":"box","text":"Bought SGD, Sold GBP 12,887 for settlement on","page_number":41,"box":{"x":230,"y":317,"width":366,"height":11}},{"id":"aa0884d7-1ed0-477b-b162-c00afd478bae","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":331,"width":83,"height":9}},{"id":"7d3a1bba-908d-4517-b306-8fb9ba2a1aa9","block_type":"box","text":"(108)","page_number":41,"box":{"x":762,"y":331,"width":38,"height":11}},{"id":"cefd9389-a0be-4066-bce8-1f10a6141284","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":336,"width":9,"height":1}},{"id":"254e50d9-ea60-42e3-8985-21fe3a450331","block_type":"box","text":"USD 53,017","page_number":41,"box":{"x":105,"y":346,"width":90,"height":11}},{"id":"bf0d3420-22de-49e0-9124-f3ae64adde1f","block_type":"box","text":"Bought USD, Sold GBP 40,111 for settlement on","page_number":41,"box":{"x":230,"y":346,"width":363,"height":11}},{"id":"fd92670b-34ab-4ef9-8a00-0fe1a9478899","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":360,"width":83,"height":9}},{"id":"e961ee98-f77e-454d-a590-968fcbde281d","block_type":"box","text":"(420)","page_number":41,"box":{"x":762,"y":360,"width":38,"height":12}},{"id":"f2be6722-39ab-4c3c-9191-0a9a8cc82b0c","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":366,"width":9,"height":1}},{"id":"b3e48b0e-7f55-4436-892d-6957ce6f75dd","block_type":"box","text":"USD 26,118","page_number":41,"box":{"x":107,"y":376,"width":88,"height":10}},{"id":"1eaa0ab5-619a-45a0-bf0d-70cc91e795f4","block_type":"box","text":"Bought USD, Sold GBP 19,532 for settlement on","page_number":41,"box":{"x":230,"y":376,"width":365,"height":11}},{"id":"4a7f0c09-6636-46f7-98ce-de8f494e097f","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":390,"width":83,"height":9}},{"id":"5d693435-b527-4f3a-8b18-9baeb0001ea3","block_type":"box","text":"21","page_number":41,"box":{"x":782,"y":390,"width":15,"height":9}},{"id":"72c8e455-8a25-4fd2-ad77-fb2e31361ebf","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":395,"width":9,"height":1}},{"id":"52c13871-01cd-43c2-89f1-4b0fbabd965d","block_type":"box","text":"AUD 17","page_number":41,"box":{"x":137,"y":406,"width":58,"height":8}},{"id":"9d49b7f6-70c7-4d39-853b-560046399b79","block_type":"box","text":"Bought AUD, Sold GBP 9 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":405,"width":406,"height":12}},{"id":"25485c30-1ab9-4cee-96c7-d8b8f13cbc8d","block_type":"box","text":"–","page_number":41,"box":{"x":791,"y":411,"width":9,"height":1}},{"id":"299de81d-7afc-44df-a575-19b7d158ffab","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":411,"width":9,"height":1}},{"id":"9ff7d97c-e1fb-4852-b32b-6b9c7882a88c","block_type":"box","text":"AUD 14,563","page_number":41,"box":{"x":104,"y":421,"width":91,"height":10}},{"id":"e143ba25-9f35-46df-884e-abc18575dffb","block_type":"box","text":"Bought AUD, Sold GBP 7,703 for settlement on","page_number":41,"box":{"x":230,"y":421,"width":355,"height":11}},{"id":"6cb037d9-b0a7-4420-9070-74290821c186","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":435,"width":83,"height":9}},{"id":"8a505cfc-70a6-49d1-855c-3c86601bbd4b","block_type":"box","text":"(143)","page_number":41,"box":{"x":762,"y":435,"width":38,"height":11}},{"id":"31ff3e68-8316-4fc8-9331-bb79581744a5","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":440,"width":9,"height":1}},{"id":"a338e5a3-c66e-4f49-9c48-002bb94c7cc4","block_type":"box","text":"AUD 115,980","page_number":41,"box":{"x":96,"y":450,"width":99,"height":11}},{"id":"f4c4c1ea-4017-4348-bef5-a38749844eca","block_type":"box","text":"Bought AUD, Sold GBP 61,272 for settlement on","page_number":41,"box":{"x":230,"y":450,"width":365,"height":12}},{"id":"cf520d3f-7ef5-4bf7-b91e-7c40fcad5c0d","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":465,"width":83,"height":9}},{"id":"4bac8689-9b44-4df5-a415-8c7f603f2246","block_type":"box","text":"(1,067)","page_number":41,"box":{"x":748,"y":465,"width":52,"height":11}},{"id":"364b56f2-edd8-4147-80de-71db18dfb59b","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":470,"width":9,"height":1}},{"id":"bc57d4ef-f1be-47c4-9e28-c1eaa8bef1c1","block_type":"box","text":"AUD 455","page_number":41,"box":{"x":127,"y":480,"width":68,"height":9}},{"id":"9e83983f-3679-4935-9621-d24de45dd1f4","block_type":"box","text":"Bought AUD, Sold GBP 239 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":480,"width":424,"height":11}},{"id":"ed1cff25-6ee1-4176-856a-2f905d4073b3","block_type":"box","text":"(3)","page_number":41,"box":{"x":781,"y":480,"width":19,"height":11}},{"id":"fac789ed-1de6-415f-928a-b510e3381bf4","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":485,"width":9,"height":1}},{"id":"bf85540d-eed7-4665-96f6-9a80dc47ca38","block_type":"box","text":"AUD 414","page_number":41,"box":{"x":127,"y":495,"width":68,"height":9}},{"id":"831a6703-7d22-4059-8017-e313d674cee4","block_type":"box","text":"Bought AUD, Sold GBP 217 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":495,"width":424,"height":12}},{"id":"c9b9844e-a6f6-4ece-a6dd-a53389323b7a","block_type":"box","text":"(2)","page_number":41,"box":{"x":781,"y":495,"width":19,"height":12}},{"id":"86523c8f-2c8f-4b74-a8ab-ba4a65001f22","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"736b79d8-2017-44ee-a942-ad951adef3a8","block_type":"box","text":"AUD 79,983","page_number":41,"box":{"x":104,"y":511,"width":91,"height":10}},{"id":"208e7b84-498f-40b2-bbbc-fdf70d8c0d7b","block_type":"box","text":"Bought AUD, Sold GBP 41,987 for settlement on","page_number":41,"box":{"x":230,"y":511,"width":365,"height":11}},{"id":"e03ff033-4a50-40e3-b0f0-4eb5fcee1b26","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"c08e5163-a702-4fd0-966b-f76303f9b145","block_type":"box","text":"(468)","page_number":41,"box":{"x":762,"y":525,"width":38,"height":11}},{"id":"5b57e232-bac5-47c9-b404-05d83e6fe022","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"1618a383-a305-416a-aa7f-85999049cbff","block_type":"box","text":"AUD 71","page_number":41,"box":{"x":137,"y":540,"width":56,"height":9}},{"id":"3c04eba4-82c4-417b-a476-91a9c35e5013","block_type":"box","text":"Bought AUD, Sold GBP 37 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":540,"width":415,"height":12}},{"id":"d0a1141b-fec2-44e6-bb34-2634e8ffa8a9","block_type":"box","text":"–","page_number":41,"box":{"x":791,"y":546,"width":9,"height":0}},{"id":"6587e626-09e5-49a6-9952-c997ccaa9521","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":546,"width":9,"height":0}},{"id":"e0973593-7d04-4960-9f56-e4035a32874a","block_type":"box","text":"AUD 3,251","page_number":41,"box":{"x":113,"y":556,"width":80,"height":10}},{"id":"8383932f-29ed-47b1-94ae-138f8703242c","block_type":"box","text":"Bought AUD, Sold GBP 1,699 for settlement on","page_number":41,"box":{"x":230,"y":556,"width":355,"height":11}},{"id":"5c5725a3-dae1-4955-b884-3549c013fbea","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":570,"width":83,"height":9}},{"id":"125f49e9-f859-40be-983d-ac49f3ee731e","block_type":"box","text":"(12)","page_number":41,"box":{"x":771,"y":570,"width":29,"height":11}},{"id":"dbb226b4-2ee0-4fbe-8048-88e1cb5407d3","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":575,"width":9,"height":1}},{"id":"014ab7d0-ac4e-4f0c-8a1c-c8435a05ea5e","block_type":"box","text":"AUD 2,438","page_number":41,"box":{"x":113,"y":585,"width":82,"height":11}},{"id":"a8a9aa92-9ac4-4d58-a252-d35948ac0033","block_type":"box","text":"Bought AUD, Sold GBP 1,274 for settlement on","page_number":41,"box":{"x":230,"y":585,"width":355,"height":12}},{"id":"44a910de-0ab3-4f31-90a0-4fc1410c9251","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":600,"width":83,"height":9}},{"id":"48438858-89e9-4787-94c0-4867a10956bb","block_type":"box","text":"(9)","page_number":41,"box":{"x":781,"y":600,"width":19,"height":11}},{"id":"15c4d894-1277-42b6-8b60-4496b23ee957","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":605,"width":9,"height":1}},{"id":"e4ed8db0-1c73-438e-a4c0-c58c8b04411d","block_type":"box","text":"EUR 16,222","page_number":41,"box":{"x":105,"y":615,"width":90,"height":10}},{"id":"30b9130c-6ae2-4318-9b3e-e4577d6edb47","block_type":"box","text":"Bought EUR, Sold GBP 14,020 for settlement on","page_number":41,"box":{"x":230,"y":615,"width":365,"height":11}},{"id":"030c9a31-2399-489e-9bae-a64f63465856","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":629,"width":83,"height":9}},{"id":"754b13b7-578b-4719-8176-d9748f5fc385","block_type":"box","text":"(117)","page_number":41,"box":{"x":763,"y":629,"width":37,"height":11}},{"id":"b00dd0ac-884e-4a58-acc2-e833755084e3","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":634,"width":9,"height":1}},{"id":"fc7be87b-8859-4f67-9aaf-4dde78ebfcfa","block_type":"box","text":"EUR 103,668","page_number":41,"box":{"x":96,"y":645,"width":99,"height":10}},{"id":"2d81f567-e49e-44ac-b13c-9b6f0e1954b8","block_type":"box","text":"Bought EUR, Sold GBP 89,476 for settlement on","page_number":41,"box":{"x":230,"y":645,"width":365,"height":11}},{"id":"0761f855-0956-46a7-82c4-a34882df94bb","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":659,"width":83,"height":9}},{"id":"2fc4f6ee-d426-4ecf-9756-37654cc98eda","block_type":"box","text":"(623)","page_number":41,"box":{"x":762,"y":659,"width":38,"height":11}},{"id":"64bc85ba-7bd5-471a-89a0-321358b17a86","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":664,"width":9,"height":1}},{"id":"3a5c27b2-2167-4476-bd89-152398c36577","block_type":"box","text":"EUR 37,781","page_number":41,"box":{"x":105,"y":674,"width":88,"height":11}},{"id":"615b8727-1302-41c0-b7df-9debb1ed4335","block_type":"box","text":"Bought EUR, Sold GBP 32,653 for settlement on","page_number":41,"box":{"x":230,"y":674,"width":365,"height":11}},{"id":"6877db5d-890d-4484-8814-c206cb4df7cd","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":688,"width":83,"height":9}},{"id":"752f483f-bfab-4751-b578-5e4f46e02275","block_type":"box","text":"(271)","page_number":41,"box":{"x":762,"y":688,"width":38,"height":12}},{"id":"97633c5c-fb45-45c1-8aa6-a898f73e7fdb","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":694,"width":9,"height":1}},{"id":"e10c30df-89ba-4607-8691-c147a49c4a5d","block_type":"box","text":"EUR 1,836","page_number":41,"box":{"x":115,"y":704,"width":80,"height":10}},{"id":"9a58008d-90b6-468b-ba36-bf7e3d8acd23","block_type":"box","text":"Bought EUR, Sold GBP 1,588 for settlement on","page_number":41,"box":{"x":230,"y":704,"width":350,"height":11}},{"id":"c1b25b4c-978b-4f47-a49d-f7e7fed92fab","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":718,"width":83,"height":9}},{"id":"117b8983-952f-4077-8b00-fbd2c86a2b8f","block_type":"box","text":"(14)","page_number":41,"box":{"x":771,"y":718,"width":29,"height":11}},{"id":"53c46c7c-8f8a-4d4c-9489-baa71ff45cea","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":723,"width":9,"height":1}},{"id":"9ccd2df2-e410-432b-adbd-286f7b78d2a6","block_type":"box","text":"SGD 58","page_number":41,"box":{"x":137,"y":734,"width":58,"height":8}},{"id":"207da2f7-8605-4315-a029-cece57ff7624","block_type":"box","text":"Bought SGD, Sold GBP 34 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":733,"width":417,"height":12}},{"id":"6ca78179-0226-475c-973c-9abf25ac383a","block_type":"box","text":"–","page_number":41,"box":{"x":791,"y":739,"width":9,"height":1}},{"id":"44373739-d0e7-48b5-9a1c-66de519c5618","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":739,"width":9,"height":1}},{"id":"6534821c-cac8-452d-813a-62025234d346","block_type":"box","text":"USD 140","page_number":41,"box":{"x":129,"y":749,"width":66,"height":9}},{"id":"3b7a51b2-caca-411a-9343-7c961f3384e4","block_type":"box","text":"Bought USD, Sold GBP 106 for settlement on 24/07/2026","page_number":41,"box":{"x":230,"y":749,"width":425,"height":11}},{"id":"43da93b4-d5fc-4f82-8808-0fa4a93adaf2","block_type":"box","text":"(1)","page_number":41,"box":{"x":781,"y":749,"width":19,"height":11}},{"id":"b31cffb1-8499-4c8a-858d-927da7a7ebfe","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":754,"width":9,"height":1}},{"id":"8fbbaef0-a54a-46da-ac91-bbf1be1577b3","block_type":"box","text":"AUD 32,252","page_number":41,"box":{"x":104,"y":764,"width":91,"height":11}},{"id":"1a18eb1f-ea18-437c-93bc-6f8df1a802ae","block_type":"box","text":"Bought AUD, Sold GBP 17,039 for settlement on","page_number":41,"box":{"x":230,"y":764,"width":359,"height":11}},{"id":"53fa2eb9-a029-4ff1-b5ac-3adfb1149a62","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":778,"width":83,"height":9}},{"id":"1006cf80-f876-4a19-aaa3-5ec9b8f757b3","block_type":"box","text":"(297)","page_number":41,"box":{"x":762,"y":778,"width":38,"height":12}},{"id":"225211d9-1990-45c6-83f9-f54370b6fbc0","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":784,"width":9,"height":1}},{"id":"4daf7fdd-f935-411a-a784-0565a3807533","block_type":"box","text":"AUD 22,668","page_number":41,"box":{"x":104,"y":794,"width":91,"height":10}},{"id":"7dc3c0a7-a344-463f-8bef-8cca46106ed2","block_type":"box","text":"Bought AUD, Sold GBP 11,899 for settlement on","page_number":41,"box":{"x":230,"y":794,"width":357,"height":11}},{"id":"d40a272d-3349-4ae6-8927-ff63e22bdc25","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":808,"width":83,"height":9}},{"id":"14e5eea5-9594-4913-9bdc-d08072cf5aa9","block_type":"box","text":"(133)","page_number":41,"box":{"x":762,"y":808,"width":38,"height":11}},{"id":"b0bca47a-fd54-47b6-88f5-d93400e47ae5","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":813,"width":9,"height":1}},{"id":"6dd0cba6-8754-4757-9ebc-0ca4c7ca7545","block_type":"box","text":"AUD 17,317","page_number":41,"box":{"x":104,"y":824,"width":91,"height":10}},{"id":"e8c8e31f-cea6-4dfd-a5c2-fa953ac02434","block_type":"box","text":"Bought AUD, Sold GBP 9,046 for settlement on","page_number":41,"box":{"x":230,"y":823,"width":349,"height":12}},{"id":"f2c6527a-d136-4a2c-a31b-af16eecf80de","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":838,"width":83,"height":9}},{"id":"77aeed10-92af-48ec-bc43-6dae2e14679c","block_type":"box","text":"(57)","page_number":41,"box":{"x":771,"y":838,"width":29,"height":11}},{"id":"1719be86-3a72-49de-a7b0-0d0c0f281454","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":843,"width":9,"height":1}},{"id":"b2773f3f-cd92-42c9-8b21-b7de71375821","block_type":"box","text":"CHF 103,072","page_number":41,"box":{"x":97,"y":853,"width":98,"height":10}},{"id":"1c37ad43-5bdc-47a9-aa57-916e840c4c86","block_type":"box","text":"Bought CHF, Sold GBP 96,839 for settlement on","page_number":41,"box":{"x":230,"y":853,"width":363,"height":11}},{"id":"b0a0d972-2918-42bd-b762-3ac9927a4779","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":867,"width":83,"height":9}},{"id":"5068a479-f8eb-4190-9c2b-d7d0e91389f9","block_type":"box","text":"(650)","page_number":41,"box":{"x":762,"y":867,"width":38,"height":12}},{"id":"38d86406-2673-454d-a560-bd9b0a127d7e","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":873,"width":9,"height":0}},{"id":"d1160009-c50d-4cce-a50d-f369800c8f4d","block_type":"box","text":"CHF 85,028","page_number":41,"box":{"x":106,"y":883,"width":89,"height":10}},{"id":"d69e0bbd-dd4b-41ac-b428-791b635beafe","block_type":"box","text":"Bought CHF, Sold GBP 79,420 for settlement on","page_number":41,"box":{"x":230,"y":883,"width":363,"height":11}},{"id":"b5826ddd-8e95-4025-845f-175f5c44d4aa","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":897,"width":83,"height":9}},{"id":"b8d5d9c0-fdd9-4675-97c3-e4ce293fd7ed","block_type":"box","text":"(70)","page_number":41,"box":{"x":771,"y":897,"width":29,"height":11}},{"id":"86bcedc4-ff5a-45a3-a88d-07e0de99257b","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":902,"width":9,"height":1}},{"id":"f2215612-ce02-4fe8-8a38-e8f59468121a","block_type":"box","text":"EUR 105,991","page_number":41,"box":{"x":96,"y":912,"width":97,"height":11}},{"id":"ffb262ff-b135-48ff-b231-cccebfc723a2","block_type":"box","text":"Bought EUR, Sold GBP 91,605 for settlement on","page_number":41,"box":{"x":230,"y":912,"width":365,"height":12}},{"id":"8c89ea7e-1e91-4b1a-9fa4-ff2ba4b69653","block_type":"box","text":"24/07/2026","page_number":41,"box":{"x":229,"y":927,"width":83,"height":8}},{"id":"a84f796b-032d-48ae-9403-3ebc85b8e553","block_type":"box","text":"(761)","page_number":41,"box":{"x":762,"y":927,"width":38,"height":11}},{"id":"4a4a3227-c73f-4386-8877-02aec1d29da7","block_type":"box","text":"–","page_number":41,"box":{"x":948,"y":932,"width":9,"height":1}},{"id":"11602b95-4064-4dc2-90f5-1d952405adec","block_type":"box","text":"41","page_number":42,"box":{"x":490,"y":972,"width":16,"height":8}},{"id":"8d42e8a7-8fce-489d-a50b-869846aa2ed3","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":42,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"83961f71-2952-4d30-b908-b7878c456fcd","block_type":"box","text":"Portfolio Statement (continued)","page_number":42,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"a0cb259c-c12a-4bbf-8a51-23dcfa2a27fb","block_type":"box","text":"Holding","page_number":42,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"28f702d2-c7c3-4d77-844a-6e938d5c7d66","block_type":"box","text":"Investment","page_number":42,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"f5dbc723-1a83-4501-92ff-0dc7f40da33f","block_type":"box","text":"Market","page_number":42,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"3dd31bfc-2e2a-401d-95d9-55a9b78918fc","block_type":"box","text":"Value","page_number":42,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"060f2cef-d29e-4765-9cf8-03c2f34a8906","block_type":"box","text":"£","page_number":42,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"5ef5f219-b275-4d3a-a179-dc9ac4b9e021","block_type":"box","text":"% of","page_number":42,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"dc682f3d-da0a-400b-9bf2-42d92c26ee44","block_type":"box","text":"Net Assets","page_number":42,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"c068dbf1-276a-4531-a913-5348b3e2d3cf","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":42,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"d27b7cb0-6592-4e11-8945-cb22dddcad4d","block_type":"box","text":"JPY 1,146","page_number":42,"box":{"x":119,"y":183,"width":76,"height":10}},{"id":"7439b0bd-3019-4162-b4fc-6ba71bec0430","block_type":"box","text":"Bought JPY, Sold GBP 5 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":183,"width":400,"height":11}},{"id":"85f372e9-a0d7-43a4-a224-2cafea8e95fa","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"1b88637a-ddc4-4509-9a17-14f68f82bee3","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"2d90a5f6-5a73-4d52-912e-3af1ae432932","block_type":"box","text":"HKD 162,957","page_number":42,"box":{"x":96,"y":198,"width":99,"height":11}},{"id":"5fd7a549-3b59-4245-99a7-61e257d0ae1d","block_type":"box","text":"Bought HKD, Sold GBP 15,815 for settlement on","page_number":42,"box":{"x":230,"y":198,"width":365,"height":11}},{"id":"1df1c134-32f7-4b12-93b2-6461367c4440","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"cd2c1fcd-d26d-4bfb-a709-1da49a588040","block_type":"box","text":"(254)","page_number":42,"box":{"x":762,"y":212,"width":38,"height":12}},{"id":"f65c18d5-5975-4133-b8f4-1db6ff03430d","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"ce3c93c7-0846-4faf-a72f-869e974dffab","block_type":"box","text":"JPY 2,148,491","page_number":42,"box":{"x":86,"y":228,"width":107,"height":10}},{"id":"58079674-cc92-4302-9803-6055f8332661","block_type":"box","text":"Bought JPY, Sold GBP 10,069 for settlement on","page_number":42,"box":{"x":230,"y":228,"width":359,"height":11}},{"id":"1c6f44cc-d91b-4d29-ab2b-21db41283fbe","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"a8e982f7-5c1d-440b-ac08-e9002129ce1e","block_type":"box","text":"(86)","page_number":42,"box":{"x":771,"y":242,"width":29,"height":11}},{"id":"2cf4f2c3-4c76-41d2-87fc-1dde8622001c","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"bbe8efde-0912-4cb9-a8ad-07f8e6ff8937","block_type":"box","text":"JPY 2,780,246","page_number":42,"box":{"x":86,"y":257,"width":109,"height":11}},{"id":"6e94aacb-ea62-4c1d-9a59-05029fadcdde","block_type":"box","text":"Bought JPY, Sold GBP 13,095 for settlement on","page_number":42,"box":{"x":230,"y":257,"width":359,"height":12}},{"id":"1a0dd3d1-ce10-4193-9066-70e291ccdb5f","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":272,"width":83,"height":8}},{"id":"33f40bcf-7fcb-456d-8e33-5b759845737e","block_type":"box","text":"(177)","page_number":42,"box":{"x":762,"y":272,"width":38,"height":11}},{"id":"5e167427-70aa-4423-a69d-36bd03aa17c7","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":277,"width":9,"height":1}},{"id":"2ea1757a-2c6c-4862-85a8-cc8cd7330bf3","block_type":"box","text":"JPY 2,852,131","page_number":42,"box":{"x":86,"y":287,"width":107,"height":10}},{"id":"d3285633-3e71-45c1-a3e3-8f39531fc12f","block_type":"box","text":"Bought JPY, Sold GBP 13,309 for settlement on","page_number":42,"box":{"x":230,"y":287,"width":359,"height":11}},{"id":"0fc097b0-02d4-42a4-b4cd-2129bd6585c6","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":301,"width":83,"height":9}},{"id":"67e6d553-f4f8-468e-bfdc-661759e18042","block_type":"box","text":"(57)","page_number":42,"box":{"x":771,"y":301,"width":29,"height":11}},{"id":"adbfb618-39d5-449d-b59e-f8e7901bd049","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"78100ee3-b6ca-4b56-92c0-ea13487a896a","block_type":"box","text":"SGD 144,118","page_number":42,"box":{"x":96,"y":317,"width":99,"height":10}},{"id":"f8a18c4d-d6e1-4175-83f3-a15a5ea99039","block_type":"box","text":"Bought SGD, Sold GBP 84,321 for settlement on","page_number":42,"box":{"x":230,"y":317,"width":366,"height":11}},{"id":"819a8b7a-7481-4037-b567-e16ac91d5f70","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":331,"width":83,"height":9}},{"id":"0bf3f8ae-5060-49b4-8a88-c57dc893d37a","block_type":"box","text":"(704)","page_number":42,"box":{"x":762,"y":331,"width":38,"height":11}},{"id":"c90aa3f0-69e2-4341-8d61-fa89053967bb","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":336,"width":9,"height":1}},{"id":"8693510d-e6be-4f63-976f-25c7da4d7e38","block_type":"box","text":"USD 346,851","page_number":42,"box":{"x":96,"y":346,"width":97,"height":11}},{"id":"049c6968-c76b-429f-88f2-f9831f83b9bf","block_type":"box","text":"Bought USD, Sold GBP 262,418 for settlement on","page_number":42,"box":{"x":230,"y":346,"width":375,"height":11}},{"id":"092683bc-28c5-4384-b3bd-c2cd0847ee59","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":360,"width":83,"height":9}},{"id":"44e52c0d-1c9a-4a0d-8560-08b97655fe8f","block_type":"box","text":"(2,7","page_number":42,"box":{"x":748,"y":360,"width":27,"height":12}},{"id":"60f4b916-eda1-4673-a74a-1ba6b8047e0a","block_type":"box","text":"50","page_number":42,"box":{"x":777,"y":361,"width":17,"height":8}},{"id":"aa9b07de-09a6-4634-ac56-6286492ec859","block_type":"box","text":")","page_number":42,"box":{"x":796,"y":360,"width":4,"height":12}},{"id":"ea9bd42d-c899-496c-a112-2e8b9b756944","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":366,"width":9,"height":1}},{"id":"f0c27f22-b8d4-4713-b808-ae9e58f52325","block_type":"box","text":"AUD 67","page_number":42,"box":{"x":137,"y":376,"width":58,"height":9}},{"id":"919aca40-1069-4aa0-8213-90b81595078b","block_type":"box","text":"Bought AUD, Sold GBP 36 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":376,"width":415,"height":11}},{"id":"3a3f2e79-be8c-4685-9d3b-f9d6bbd7def5","block_type":"box","text":"(1)","page_number":42,"box":{"x":781,"y":376,"width":19,"height":11}},{"id":"7a9ab209-6e9c-4604-ae26-2005a1f3d2fd","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":381,"width":9,"height":1}},{"id":"2d21ada0-d85a-4251-9981-ea52b39aa1d3","block_type":"box","text":"AUD 47","page_number":42,"box":{"x":137,"y":391,"width":58,"height":9}},{"id":"87f8abc5-22c8-49cf-a270-902cc0a365ee","block_type":"box","text":"Bought AUD, Sold GBP 25 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":391,"width":415,"height":11}},{"id":"f01294de-29e4-4ccd-aada-8d008e0ff15f","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":396,"width":9,"height":1}},{"id":"db24c250-8d1d-44af-91b0-8fe880abc6fa","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"5424d977-939f-4d33-bef4-647f413f9b21","block_type":"box","text":"AUD 36","page_number":42,"box":{"x":137,"y":407,"width":58,"height":8}},{"id":"b8a30914-ded6-4714-be09-293b4953b729","block_type":"box","text":"Bought AUD, Sold GBP 19 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":407,"width":415,"height":11}},{"id":"d37462d1-21e0-4543-ad6a-2bb78b048f8c","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":412,"width":9,"height":1}},{"id":"02f6cb53-2093-4265-a57a-be62b17eba97","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":412,"width":9,"height":1}},{"id":"217b7008-a96d-42ae-8bf8-7bd040e95c25","block_type":"box","text":"HKD 416,293","page_number":42,"box":{"x":96,"y":422,"width":99,"height":10}},{"id":"2230e63b-33cb-4aac-9631-c5598abf18b2","block_type":"box","text":"Bought HKD, Sold GBP 40,200 for settlement on","page_number":42,"box":{"x":230,"y":422,"width":365,"height":11}},{"id":"bbb6a3e3-7399-4c55-826d-9d855b0a8780","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":436,"width":83,"height":9}},{"id":"c36832d7-536c-4d4d-8b21-7e0ad51ccfa9","block_type":"box","text":"(446)","page_number":42,"box":{"x":762,"y":436,"width":38,"height":11}},{"id":"6e88018a-0cce-45cb-8e52-999e71798526","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":441,"width":9,"height":1}},{"id":"b2e06f46-9348-43f9-8fe1-7c92bcdd89d3","block_type":"box","text":"JPY 1,125","page_number":42,"box":{"x":119,"y":452,"width":76,"height":10}},{"id":"55d45d77-9bb0-4471-8254-36b7991abb5f","block_type":"box","text":"Bought JPY, Sold GBP 5 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":451,"width":400,"height":12}},{"id":"f387f3be-f82e-434b-a023-3b010d0b881c","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":457,"width":9,"height":1}},{"id":"51ef3981-45ab-45ae-a0b8-a46631f7997e","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":457,"width":9,"height":1}},{"id":"183a770b-ba6e-47c0-9421-dcd9a98a08f3","block_type":"box","text":"JPY 868","page_number":42,"box":{"x":133,"y":467,"width":62,"height":9}},{"id":"f2c9d346-2762-4b37-86d5-a1a9b1c58dbc","block_type":"box","text":"Bought JPY, Sold GBP 4 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":467,"width":400,"height":11}},{"id":"dc94036a-7eef-4dab-a373-bf01a662ab41","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":472,"width":9,"height":1}},{"id":"6c7102e2-27f0-47c6-9dad-2046dd292d83","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"3df1fff5-3dd6-45a0-a59e-50ab2c4e84f5","block_type":"box","text":"HKD 168","page_number":42,"box":{"x":129,"y":482,"width":66,"height":9}},{"id":"c9f45dd8-7942-4c35-9685-3aaca30b16ae","block_type":"box","text":"Bought HKD, Sold GBP 16 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":482,"width":416,"height":11}},{"id":"517e815e-18d1-4f2c-82a0-525eea44463d","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":487,"width":9,"height":1}},{"id":"ab1bfac6-7330-46c8-9035-e4f8d7f5d9e2","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"69138d3c-7841-44ac-ad65-71a39ca1b8ca","block_type":"box","text":"AUD 9,571","page_number":42,"box":{"x":113,"y":498,"width":80,"height":10}},{"id":"b12ff3fe-01b1-4251-90dc-86e1e02290ae","block_type":"box","text":"Bought AUD, Sold GBP 5,025 for settlement on","page_number":42,"box":{"x":230,"y":498,"width":355,"height":11}},{"id":"fa1d8d09-0efa-4705-b909-6fffb30d2658","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":512,"width":83,"height":9}},{"id":"9cce2cd2-d7b0-4103-836f-9b9b26e42564","block_type":"box","text":"(56)","page_number":42,"box":{"x":771,"y":512,"width":29,"height":11}},{"id":"cdc3a2aa-d7cc-439f-b623-b0afb41e017c","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":517,"width":9,"height":1}},{"id":"90d7dd78-86a7-4800-a306-4d355a01041a","block_type":"box","text":"AUD 7,272","page_number":42,"box":{"x":113,"y":527,"width":82,"height":11}},{"id":"517a34f3-a8a3-4b81-a151-f72eb2502844","block_type":"box","text":"Bought AUD, Sold GBP 3,799 for settlement on","page_number":42,"box":{"x":230,"y":527,"width":355,"height":11}},{"id":"7c447d96-c3f7-4fb0-860b-344e2e53ae43","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":541,"width":83,"height":9}},{"id":"378ba53e-25d1-4245-9587-a18a57219c13","block_type":"box","text":"(24)","page_number":42,"box":{"x":771,"y":541,"width":29,"height":12}},{"id":"20eea119-09ff-4f0b-a64e-00912a660083","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":547,"width":9,"height":1}},{"id":"0afec3b1-48a2-46f9-b628-f8ba6d57178f","block_type":"box","text":"CHF 43,525","page_number":42,"box":{"x":106,"y":557,"width":89,"height":10}},{"id":"a25c62e8-9ad7-42ac-9201-b916fb7062e7","block_type":"box","text":"Bought CHF, Sold GBP 40,893 for settlement on","page_number":42,"box":{"x":230,"y":557,"width":363,"height":11}},{"id":"fc295c5c-6d2c-43de-991f-44812e91b7de","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":571,"width":83,"height":9}},{"id":"609098f0-60fc-4fd5-a8f3-f5735431b28e","block_type":"box","text":"(274)","page_number":42,"box":{"x":762,"y":571,"width":38,"height":11}},{"id":"e3988e8b-62a6-49cd-bf07-19dfaf2e66f4","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":576,"width":9,"height":1}},{"id":"7ee1ad4e-e3de-4524-bce8-e0d62b436213","block_type":"box","text":"CHF 35,746","page_number":42,"box":{"x":106,"y":586,"width":89,"height":11}},{"id":"b4ba5ed8-5c89-4abd-9ca4-68f05def3757","block_type":"box","text":"Bought CHF, Sold GBP 33,389 for settlement on","page_number":42,"box":{"x":230,"y":586,"width":363,"height":12}},{"id":"0609836e-75ca-462e-88aa-7d941d0f03ae","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":601,"width":83,"height":9}},{"id":"45c5bf10-0600-479d-bf93-9f8d7c4d64f7","block_type":"box","text":"(29)","page_number":42,"box":{"x":771,"y":601,"width":29,"height":11}},{"id":"4325a910-a8f8-4e37-a70a-f9ac5744fd50","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":606,"width":9,"height":1}},{"id":"ee28682d-107b-42e3-ba23-c47475ae36ea","block_type":"box","text":"EUR 44,718","page_number":42,"box":{"x":105,"y":616,"width":90,"height":11}},{"id":"c9b41646-4b7f-412c-8e89-42e36e3a8058","block_type":"box","text":"Bought EUR, Sold GBP 38,648 for settlement on","page_number":42,"box":{"x":230,"y":616,"width":365,"height":11}},{"id":"183dad6d-b032-42ed-9060-c317b88fa03e","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":630,"width":83,"height":9}},{"id":"a25dc88d-1814-42a1-ad9f-305fce9f4de4","block_type":"box","text":"(321)","page_number":42,"box":{"x":762,"y":630,"width":38,"height":12}},{"id":"dc6afbc4-5934-49bc-a353-ab0c44c292ca","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":636,"width":9,"height":0}},{"id":"614c3406-ab44-4c43-b256-f64141ef3c48","block_type":"box","text":"HKD 68,796","page_number":42,"box":{"x":105,"y":646,"width":90,"height":10}},{"id":"27f21d23-f9eb-4ab6-95e5-1ae58872b6d4","block_type":"box","text":"Bought HKD, Sold GBP 6,677 for settlement on","page_number":42,"box":{"x":230,"y":646,"width":356,"height":11}},{"id":"09270f55-79bb-4798-aac2-f336be875765","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":660,"width":83,"height":9}},{"id":"8c4c2120-8f64-4ce4-aa57-e84247e60c6b","block_type":"box","text":"(107)","page_number":42,"box":{"x":762,"y":660,"width":38,"height":11}},{"id":"a3287a7e-8e3a-43cb-b3e5-1670aad73633","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":665,"width":9,"height":1}},{"id":"7880aaf1-58dd-46ca-9d45-8643d64bc109","block_type":"box","text":"HKD 175,339","page_number":42,"box":{"x":96,"y":675,"width":99,"height":11}},{"id":"3e28f847-0922-46b2-88d6-db8ff7d0ab24","block_type":"box","text":"Bought HKD, Sold GBP 16,932 for settlement on","page_number":42,"box":{"x":230,"y":675,"width":365,"height":12}},{"id":"4f9ff08b-515f-4e3b-9c64-08fa42a1d437","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":690,"width":83,"height":8}},{"id":"acf0b3f4-069e-4e7f-b98e-ca71e8cd3433","block_type":"box","text":"(188)","page_number":42,"box":{"x":762,"y":690,"width":38,"height":11}},{"id":"9c031248-6a47-48f0-9349-3c66500cee09","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":695,"width":9,"height":1}},{"id":"2870be80-d57c-4583-9a43-f33ea2c6801e","block_type":"box","text":"JPY 906,478","page_number":42,"box":{"x":100,"y":705,"width":95,"height":10}},{"id":"61d90e37-79a5-49b9-9cfd-58f880d17f0d","block_type":"box","text":"Bought JPY, Sold GBP 4,248 for settlement on","page_number":42,"box":{"x":230,"y":705,"width":343,"height":11}},{"id":"30ed436a-b7d8-40d6-94ac-730c07f30611","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":719,"width":83,"height":9}},{"id":"f612a05d-559b-4419-ac6f-f024e3cd1ef8","block_type":"box","text":"(36)","page_number":42,"box":{"x":771,"y":719,"width":29,"height":11}},{"id":"d82acc1c-ee80-45c5-91e1-f48239353368","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":724,"width":9,"height":1}},{"id":"e6696f9f-38b7-40d1-816a-90f97ee8a050","block_type":"box","text":"JPY 1,173,618","page_number":42,"box":{"x":86,"y":735,"width":109,"height":10}},{"id":"1134781a-b08c-4825-a65a-b9bed3af30e5","block_type":"box","text":"Bought JPY, Sold GBP 5,528 for settlement on","page_number":42,"box":{"x":230,"y":735,"width":343,"height":11}},{"id":"06dc8e33-8b0d-4bab-8930-ff7fba606e85","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":749,"width":83,"height":9}},{"id":"1fefb07d-a519-42b4-aed9-ac5b7ad31322","block_type":"box","text":"(75)","page_number":42,"box":{"x":771,"y":749,"width":29,"height":11}},{"id":"13150300-20c5-4e70-9125-08bd847430b8","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":754,"width":9,"height":1}},{"id":"9547dba0-850e-41cf-80f1-6f839ac7a8f3","block_type":"box","text":"JPY 1,197,512","page_number":42,"box":{"x":86,"y":764,"width":109,"height":11}},{"id":"80af2e0c-ac90-4b22-92d8-4973b573fd3b","block_type":"box","text":"Bought JPY, Sold GBP 5,588 for settlement on","page_number":42,"box":{"x":230,"y":764,"width":343,"height":11}},{"id":"099c408b-3c6e-4258-bd34-e918216086d6","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":778,"width":83,"height":9}},{"id":"e6d2861c-a2c8-405f-8cd5-f14a43e7978d","block_type":"box","text":"(24)","page_number":42,"box":{"x":771,"y":778,"width":29,"height":12}},{"id":"a2efd271-a29d-44b0-a8cf-48c737d599a7","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":784,"width":9,"height":1}},{"id":"15f72b42-3738-4c72-bf4c-68f9131b120e","block_type":"box","text":"SGD 60,864","page_number":42,"box":{"x":104,"y":794,"width":91,"height":10}},{"id":"b0f5601b-3a79-424c-a57b-fc4788ee707d","block_type":"box","text":"Bought SGD, Sold GBP 35,610 for settlement on","page_number":42,"box":{"x":230,"y":794,"width":361,"height":11}},{"id":"2f0a7477-498f-4eaf-9b19-d3c43792d5d7","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":808,"width":83,"height":9}},{"id":"5c3ccde0-4cba-4af3-9362-4a04dbe1cda6","block_type":"box","text":"(297)","page_number":42,"box":{"x":762,"y":808,"width":38,"height":11}},{"id":"ea7d43c9-200d-4d9b-a344-de0f59655f34","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":813,"width":9,"height":1}},{"id":"ae4a8350-b964-4b78-bb65-88b98e2790b1","block_type":"box","text":"USD 145,810","page_number":42,"box":{"x":96,"y":823,"width":99,"height":11}},{"id":"5984d59b-ef97-471b-a696-0b849f869c5b","block_type":"box","text":"Bought USD, Sold GBP 110,316 for settlement on","page_number":42,"box":{"x":230,"y":823,"width":368,"height":12}},{"id":"9bf5042d-d162-4648-bbc5-f867695e2ae8","block_type":"box","text":"24/07/2026","page_number":42,"box":{"x":229,"y":838,"width":83,"height":9}},{"id":"440e8e95-d6a3-4dc2-98f4-f61819e331c9","block_type":"box","text":"(1,156)","page_number":42,"box":{"x":748,"y":838,"width":52,"height":11}},{"id":"a9e6bdef-be50-43eb-88e8-feb19dcf27cb","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":843,"width":9,"height":1}},{"id":"3ff533c4-889f-42cd-b9f3-8c03601af8a6","block_type":"box","text":"AUD 13","page_number":42,"box":{"x":137,"y":853,"width":58,"height":9}},{"id":"a6f51f15-eaf3-4df7-9feb-08ddc95c70c9","block_type":"box","text":"Bought AUD, Sold GBP 7 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":853,"width":406,"height":11}},{"id":"5833fe61-fcc6-4271-ba98-3236fb15c646","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":858,"width":9,"height":1}},{"id":"e6c896fb-c46f-404b-af3e-964c8ca496e1","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":858,"width":9,"height":1}},{"id":"e5b6b781-ea5b-4cef-a76c-fcf72600e144","block_type":"box","text":"AUD 9","page_number":42,"box":{"x":146,"y":868,"width":49,"height":9}},{"id":"ef221bbf-17ad-4dab-b621-d0e03adc8e58","block_type":"box","text":"Bought AUD, Sold GBP 5 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":868,"width":406,"height":12}},{"id":"05c56856-4a75-4176-a5cd-2bd55f9b6101","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":874,"width":9,"height":1}},{"id":"b6f45918-0cd1-40b4-b221-a219a6ffceef","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":874,"width":9,"height":1}},{"id":"7317926f-4661-40d1-8203-21c2975f3773","block_type":"box","text":"AUD 7","page_number":42,"box":{"x":146,"y":884,"width":49,"height":9}},{"id":"39dca37c-e6a3-47aa-bdff-7ab007220350","block_type":"box","text":"Bought AUD, Sold GBP 4 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":884,"width":406,"height":11}},{"id":"a5ad0cd3-a539-4d3a-b770-41eddba95291","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":889,"width":9,"height":1}},{"id":"49a5b25a-fc5d-4da9-b5a3-70a691c5d7eb","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":889,"width":9,"height":1}},{"id":"eb18ee5b-7db2-4fcf-af9b-fe10d84b7fed","block_type":"box","text":"CHF 42","page_number":42,"box":{"x":139,"y":899,"width":56,"height":9}},{"id":"c3ba3f9c-b2ab-453f-8882-759a6ae7edf2","block_type":"box","text":"Bought CHF, Sold GBP 39 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":899,"width":413,"height":11}},{"id":"9c08c768-708c-45f2-93f2-35b7432fd9fe","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":904,"width":9,"height":1}},{"id":"0de17bf8-1e94-45e4-9548-98442861557e","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":904,"width":9,"height":1}},{"id":"efa4484b-c450-431a-a35a-2fc796d955bb","block_type":"box","text":"CHF 34","page_number":42,"box":{"x":139,"y":914,"width":56,"height":9}},{"id":"cbcf6091-b557-480e-82c4-4b79baf7ffd4","block_type":"box","text":"Bought CHF, Sold GBP 32 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":914,"width":413,"height":12}},{"id":"df6ff2ca-f07d-4f1c-a970-0c14b7ab6448","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":920,"width":9,"height":1}},{"id":"fd3d3804-e33d-4f0d-a7e9-74e315303a80","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":920,"width":9,"height":1}},{"id":"18f4854b-df00-4bbf-977b-e73e9e531e25","block_type":"box","text":"EUR 43","page_number":42,"box":{"x":138,"y":930,"width":57,"height":9}},{"id":"54f89d21-4d88-4f04-a9cd-ee20e2702713","block_type":"box","text":"Bought EUR, Sold GBP 37 for settlement on 24/07/2026","page_number":42,"box":{"x":230,"y":930,"width":416,"height":11}},{"id":"9ec7c94e-b3c1-4de4-afa0-61762d3fd509","block_type":"box","text":"–","page_number":42,"box":{"x":791,"y":935,"width":9,"height":1}},{"id":"fdec7807-6e5a-4b32-a95e-6031dfbaa669","block_type":"box","text":"–","page_number":42,"box":{"x":948,"y":935,"width":9,"height":1}},{"id":"e5a1208d-6de7-495b-8ea2-2418edd71c86","block_type":"box","text":"42","page_number":43,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"4d45c191-f565-48ad-9ddc-6843560a49bd","block_type":"box","text":"43","page_number":43,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"c9f8a52a-e13f-4df4-afb4-21f2e41e08ba","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":43,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"1f3417fb-eca6-4ae0-a1c0-44203c217c03","block_type":"box","text":"Portfolio Statement (continued)","page_number":43,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"949e6dc2-4429-425e-9de0-067c963f9228","block_type":"box","text":"Holding","page_number":43,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"0110ef61-8bcd-4993-8f73-44ca86bd7c22","block_type":"box","text":"Investment","page_number":43,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"29853157-138c-4b4d-a990-caa0e9697947","block_type":"box","text":"Market","page_number":43,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"303d58d1-4442-414d-a46c-12e8f2e8ed78","block_type":"box","text":"Value","page_number":43,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"24c247ac-ae66-4fa3-b46e-577ac9a3b8f6","block_type":"box","text":"£","page_number":43,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"d4d3d358-a69d-4c45-a4bc-87a4cc543686","block_type":"box","text":"% of","page_number":43,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"42e40eb6-404c-49bf-a78e-610988376c14","block_type":"box","text":"Net Assets","page_number":43,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"a6749d2b-c8f0-40c1-9aad-4a0b64133842","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":43,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"197e7de8-f8ee-4f8d-9dc2-5cfd9c5e3624","block_type":"box","text":"HKD 66","page_number":43,"box":{"x":138,"y":183,"width":57,"height":9}},{"id":"47102b78-eab9-4d17-9107-8c53aa7c41ec","block_type":"box","text":"Bought HKD, Sold GBP 6 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":183,"width":407,"height":11}},{"id":"c1e4b35f-dc90-4db6-80b9-68272fa35de9","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"c54055c4-e3c8-48b0-96fe-dfb4c46d8785","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"5f337ce7-8107-4863-9296-9b362d00ad90","block_type":"box","text":"CHF 215","page_number":43,"box":{"x":129,"y":198,"width":66,"height":9}},{"id":"ae08d010-5000-4330-a4d4-9153d80e154b","block_type":"box","text":"Bought CHF, Sold GBP 202 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":198,"width":423,"height":11}},{"id":"cac36524-947b-43e5-afdf-d387e177c6e9","block_type":"box","text":"(1)","page_number":43,"box":{"x":781,"y":198,"width":19,"height":11}},{"id":"f211aafe-e727-412f-9db4-3f51cb1aaf2d","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":203,"width":9,"height":1}},{"id":"192551e3-4d2c-4ce0-b62b-da0d8e9ef38d","block_type":"box","text":"EUR 25","page_number":43,"box":{"x":138,"y":214,"width":57,"height":8}},{"id":"ffe0d69b-04a3-4469-b3e8-a938b41127a3","block_type":"box","text":"Bought EUR, Sold GBP 21 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":213,"width":416,"height":12}},{"id":"61ef2b11-78b4-462a-8662-8bee82b151d9","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":219,"width":9,"height":1}},{"id":"8897e70a-5ee5-4bd4-8473-6c3b76264dc0","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":219,"width":9,"height":1}},{"id":"0dc7e02c-e298-431a-ba5f-21413c1b60dd","block_type":"box","text":"CHF 177","page_number":43,"box":{"x":129,"y":229,"width":66,"height":9}},{"id":"7dd1366f-1f7f-4cf4-881c-c285bab8969f","block_type":"box","text":"Bought CHF, Sold GBP 165 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":229,"width":423,"height":11}},{"id":"94b62195-51d3-4a06-aac0-111a06eaae36","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":234,"width":9,"height":1}},{"id":"75ead703-bc93-4870-be2b-8cc510a14e77","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":234,"width":9,"height":1}},{"id":"c9676f65-9ca2-4001-9cd8-82256b73c5e5","block_type":"box","text":"HKD 340","page_number":43,"box":{"x":129,"y":244,"width":66,"height":9}},{"id":"c86b8cf7-8ed3-4269-845b-edc2379e3d94","block_type":"box","text":"Bought HKD, Sold GBP 33 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":244,"width":416,"height":11}},{"id":"fe4890c8-4048-43c5-bfaa-f33586ea0f62","block_type":"box","text":"(1)","page_number":43,"box":{"x":781,"y":244,"width":19,"height":11}},{"id":"a845ef52-a83d-404e-a241-d549dd27d72d","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":249,"width":9,"height":1}},{"id":"d21db8df-1d5e-4586-bb0c-3aaf4cf51300","block_type":"box","text":"AUD 8,054","page_number":43,"box":{"x":113,"y":260,"width":82,"height":10}},{"id":"ae591cbb-8872-4487-a928-5bb8d7455f4c","block_type":"box","text":"Bought AUD, Sold GBP 4,228 for settlement on","page_number":43,"box":{"x":230,"y":260,"width":355,"height":11}},{"id":"539b017b-0e8b-401c-9f29-734325385743","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":274,"width":83,"height":9}},{"id":"9b9e74f3-1dc4-4224-80a7-19e262bd7b93","block_type":"box","text":"(47)","page_number":43,"box":{"x":771,"y":274,"width":29,"height":11}},{"id":"8c17f8e6-0e25-4a8d-bac7-94a0d4ffc8db","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":279,"width":9,"height":1}},{"id":"923669d8-aeb7-4a17-91d6-dba824ebb650","block_type":"box","text":"AUD 7","page_number":43,"box":{"x":146,"y":289,"width":49,"height":9}},{"id":"ff15118e-8826-4907-8f40-83e46abae785","block_type":"box","text":"Bought AUD, Sold GBP 4 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":289,"width":406,"height":11}},{"id":"68610c99-7fbf-4ce8-9aa4-fe32ff838daa","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":294,"width":9,"height":1}},{"id":"b556133c-2bcc-4fcc-ae87-b76f646732d5","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":294,"width":9,"height":1}},{"id":"e760e09f-fb74-42ad-a3ca-850c7ff491c1","block_type":"box","text":"AUD 6,134","page_number":43,"box":{"x":113,"y":305,"width":82,"height":10}},{"id":"f60422a5-49ee-4ab3-a200-3d44df2648b8","block_type":"box","text":"Bought AUD, Sold GBP 3,204 for settlement on","page_number":43,"box":{"x":230,"y":305,"width":355,"height":11}},{"id":"c7b46a22-e2f9-4995-bb1a-8033a2a122af","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":319,"width":83,"height":9}},{"id":"755c513a-3230-4405-8b2c-e7f3ac225105","block_type":"box","text":"(20)","page_number":43,"box":{"x":771,"y":319,"width":29,"height":11}},{"id":"f300dc39-74d4-4c69-8e2a-d69dcb18e276","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":324,"width":9,"height":1}},{"id":"b8ddd777-1e61-4e68-ab21-c3ff8b282ed6","block_type":"box","text":"AUD 20","page_number":43,"box":{"x":137,"y":334,"width":58,"height":9}},{"id":"e6056a6d-1c08-4b2a-ba80-afb15ddec46c","block_type":"box","text":"Bought AUD, Sold GBP 11 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":334,"width":414,"height":11}},{"id":"827cac57-7267-4b31-9325-3bb93c3b335b","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":339,"width":9,"height":1}},{"id":"634e85a2-5d22-4955-ad01-cf54f2be176d","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":339,"width":9,"height":1}},{"id":"f884ac41-ddab-41cf-a874-fbd7f9fe6e12","block_type":"box","text":"AUD 1,483","page_number":43,"box":{"x":113,"y":350,"width":82,"height":10}},{"id":"1b529137-f1fa-4f6c-88e2-f9701eca97d9","block_type":"box","text":"Bought AUD, Sold GBP 774 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":349,"width":424,"height":12}},{"id":"c2523fe5-1547-4623-881c-9771f01286b2","block_type":"box","text":"(3)","page_number":43,"box":{"x":781,"y":349,"width":19,"height":12}},{"id":"212d2309-0eb7-435e-8aa3-a6c455d20151","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":355,"width":9,"height":1}},{"id":"3bc00255-a044-4e1c-802d-63d9a95efb5c","block_type":"box","text":"AUD 6","page_number":43,"box":{"x":146,"y":365,"width":49,"height":9}},{"id":"e4fd7911-b53d-4c58-8ad4-ad79658007ad","block_type":"box","text":"Bought AUD, Sold GBP 3 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":365,"width":406,"height":11}},{"id":"5aff5ac6-0d57-4b90-bf0f-2e712d2a7f33","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":370,"width":9,"height":1}},{"id":"ddd27108-dec6-405c-bf6f-3be3dfff917e","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":370,"width":9,"height":1}},{"id":"a24689a1-f363-4ad9-bc3b-2568a7580c01","block_type":"box","text":"AUD 17","page_number":43,"box":{"x":137,"y":380,"width":58,"height":9}},{"id":"17c557b8-cfec-4543-9fdb-1d3765dcf311","block_type":"box","text":"Bought AUD, Sold GBP 9 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":380,"width":406,"height":11}},{"id":"af3ff82d-d61f-4e35-bb77-75698b577dde","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":385,"width":9,"height":1}},{"id":"23ee153c-b3e7-4bd5-9956-d88ebf8152fd","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":385,"width":9,"height":1}},{"id":"c7fb5cae-851f-47b8-9672-540fec129dc8","block_type":"box","text":"CHF 455","page_number":43,"box":{"x":129,"y":396,"width":66,"height":8}},{"id":"59c5ffd7-06b8-421f-aae7-2130edb68975","block_type":"box","text":"Bought CHF, Sold GBP 427 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":396,"width":423,"height":11}},{"id":"287a55b9-bd2c-4509-bbee-191b706f04d2","block_type":"box","text":"(3)","page_number":43,"box":{"x":781,"y":396,"width":19,"height":11}},{"id":"9d61bd64-0686-4433-a681-9c246dfaaf1c","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":401,"width":9,"height":1}},{"id":"4f35f5cf-70ce-4136-aa81-596cd208cec5","block_type":"box","text":"AUD 4","page_number":43,"box":{"x":146,"y":411,"width":49,"height":9}},{"id":"9ee11a54-b3e9-40f8-99c4-a5ae3d743777","block_type":"box","text":"Bought AUD, Sold GBP 2 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":411,"width":406,"height":11}},{"id":"528961e2-110b-4820-8960-23d9f0541ff2","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":416,"width":9,"height":1}},{"id":"8207cc5d-eb69-461e-bd67-815d56239936","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":416,"width":9,"height":1}},{"id":"c88ae5d2-bb0b-4fa5-a584-f8828810ef8f","block_type":"box","text":"CHF 244","page_number":43,"box":{"x":129,"y":426,"width":66,"height":9}},{"id":"ec7297fe-a46b-4fb8-aa49-02c43cbd73b0","block_type":"box","text":"Bought CHF, Sold GBP 228 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":426,"width":423,"height":12}},{"id":"97315fcb-dfac-43e9-a52c-35841696b76b","block_type":"box","text":"(1)","page_number":43,"box":{"x":781,"y":426,"width":19,"height":12}},{"id":"e5311c43-7dc3-42b7-86ce-db52d17b35e1","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":432,"width":9,"height":0}},{"id":"c133f745-1286-4474-bc00-bb07b9e0dbbc","block_type":"box","text":"CHF 36,706","page_number":43,"box":{"x":106,"y":442,"width":89,"height":10}},{"id":"8eeebf9d-39b6-416d-a874-c54b6a040491","block_type":"box","text":"Bought CHF, Sold GBP 34,487 for settlement on","page_number":43,"box":{"x":230,"y":442,"width":363,"height":11}},{"id":"e679defd-165e-46ce-bd26-6003a21869b1","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":456,"width":83,"height":9}},{"id":"93f7ab13-b4da-4f5a-918b-a8bad8b3c3f2","block_type":"box","text":"(231)","page_number":43,"box":{"x":762,"y":456,"width":38,"height":11}},{"id":"e1b09894-fdfc-49a9-ac26-8d395abe1d3e","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":461,"width":9,"height":1}},{"id":"36b7d055-e63f-4d7b-9b77-bbb6f9a0cfcb","block_type":"box","text":"CHF 4","page_number":43,"box":{"x":148,"y":471,"width":47,"height":9}},{"id":"67a92c11-68d4-476f-b261-2b48fe51736e","block_type":"box","text":"Bought CHF, Sold GBP 4 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":471,"width":404,"height":12}},{"id":"9b99e6ed-5285-43b9-9b2e-c8aaaf7c1ebc","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":477,"width":9,"height":0}},{"id":"fb41fe50-4726-497e-9afd-ff648f49c9f6","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":477,"width":9,"height":0}},{"id":"ed82f2ae-d8cf-4faa-bde0-02595a762638","block_type":"box","text":"CHF 13","page_number":43,"box":{"x":139,"y":487,"width":56,"height":9}},{"id":"fe18403e-d46f-485c-bfbe-3bfba872cd31","block_type":"box","text":"Bought CHF, Sold GBP 12 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":487,"width":413,"height":11}},{"id":"cc5dcbe1-10d8-47a0-b6db-528b05b623f9","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":492,"width":9,"height":1}},{"id":"f66b195e-efc4-436d-9251-595462acfc0b","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":492,"width":9,"height":1}},{"id":"eb7d1ec8-d3be-4fcc-86c1-143265b85ab6","block_type":"box","text":"CHF 956","page_number":43,"box":{"x":129,"y":502,"width":66,"height":9}},{"id":"c7bed179-da09-4137-a19f-2abd3f813356","block_type":"box","text":"Bought CHF, Sold GBP 896 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":502,"width":423,"height":11}},{"id":"5351057f-920a-4e57-897a-348df237dc9b","block_type":"box","text":"(4)","page_number":43,"box":{"x":781,"y":502,"width":19,"height":11}},{"id":"d1db61b6-46da-4b61-a088-1cc4071cac81","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":507,"width":9,"height":1}},{"id":"ad59ba4c-d0b1-44b6-9e95-cc3ec1de2b91","block_type":"box","text":"CHF 4","page_number":43,"box":{"x":148,"y":517,"width":47,"height":9}},{"id":"77548d22-0b34-4d3d-a9d4-c4209ef08c22","block_type":"box","text":"Bought CHF, Sold GBP 3 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":517,"width":404,"height":12}},{"id":"3e6277b5-367f-4517-ab95-c68c86d00107","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":523,"width":9,"height":0}},{"id":"9aff3565-af79-4ba0-9959-08e8fef33285","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":523,"width":9,"height":0}},{"id":"aaa31545-8cd2-4c12-883e-41fd33a0681c","block_type":"box","text":"CHF 29,881","page_number":43,"box":{"x":106,"y":533,"width":87,"height":10}},{"id":"7c06c9be-f775-4576-b634-c91b2a207375","block_type":"box","text":"Bought CHF, Sold GBP 27,910 for settlement on","page_number":43,"box":{"x":230,"y":533,"width":363,"height":11}},{"id":"8266fb09-9b96-4f2e-88df-2de51aebb141","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":547,"width":83,"height":9}},{"id":"26925150-6ac6-4fae-83e3-898279ff073d","block_type":"box","text":"(25)","page_number":43,"box":{"x":771,"y":547,"width":29,"height":11}},{"id":"7adfa7bb-e78e-4fa4-92d7-410a9e2dbb74","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":552,"width":9,"height":1}},{"id":"d165d1b5-d0b4-4121-a0b7-fade19b4987b","block_type":"box","text":"CHF 8","page_number":43,"box":{"x":148,"y":562,"width":47,"height":9}},{"id":"be24d8bf-76a7-409e-a2cc-e7c6479047a0","block_type":"box","text":"Bought CHF, Sold GBP 7 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":562,"width":404,"height":12}},{"id":"27fb6cd4-015f-473d-b544-0478ac90c74c","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":568,"width":9,"height":0}},{"id":"00c274bc-a831-4a81-b7be-ada8c8cb2e05","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":568,"width":9,"height":0}},{"id":"3a0ad79d-06f2-4d7e-aee6-8d120ea62a73","block_type":"box","text":"EUR 3,426","page_number":43,"box":{"x":115,"y":578,"width":80,"height":10}},{"id":"9c83dfc0-a87f-4f8c-a00f-75aa10cd3b67","block_type":"box","text":"Bought EUR, Sold GBP 2,974 for settlement on","page_number":43,"box":{"x":230,"y":578,"width":356,"height":11}},{"id":"22d1c01f-f3b8-4fcc-8de7-88b998d5996a","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":592,"width":83,"height":9}},{"id":"15f2e473-7ddd-43f4-a54d-c7707785eb46","block_type":"box","text":"(37)","page_number":43,"box":{"x":771,"y":592,"width":29,"height":11}},{"id":"6cc87036-9dad-49a8-9af7-5b6a97eee891","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":597,"width":9,"height":1}},{"id":"9249d4df-a0fe-4458-bcd8-2547b64c45a4","block_type":"box","text":"CHF 3","page_number":43,"box":{"x":148,"y":607,"width":47,"height":9}},{"id":"6b08ead1-4a64-4c5a-bc56-aac6c174ea19","block_type":"box","text":"Bought CHF, Sold GBP 3 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":607,"width":404,"height":12}},{"id":"6bb04374-525a-47ca-9c15-d6b8e489a739","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":613,"width":9,"height":0}},{"id":"3844e551-57b4-4f96-86a1-c357ba72022f","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":613,"width":9,"height":0}},{"id":"3e3d6cf4-1892-4b10-a57e-e30cd24be3fe","block_type":"box","text":"AUD 11,500","page_number":43,"box":{"x":105,"y":623,"width":90,"height":10}},{"id":"b7d54030-e44b-4fa0-97ef-478e159e324c","block_type":"box","text":"Bought AUD, Sold GBP 6,076 for settlement on","page_number":43,"box":{"x":230,"y":623,"width":355,"height":11}},{"id":"500083c1-dd97-4712-bcf7-e261a4174e16","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":637,"width":83,"height":9}},{"id":"ca55317e-12e9-4ae1-ab1c-3021337b371c","block_type":"box","text":"(106)","page_number":43,"box":{"x":762,"y":637,"width":38,"height":11}},{"id":"d34e7193-2b00-459e-b0d5-e5d9ba754e0d","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":642,"width":9,"height":1}},{"id":"abbeadfd-5605-4949-8f53-fd1f9b9d9a48","block_type":"box","text":"AUD 328","page_number":43,"box":{"x":127,"y":652,"width":68,"height":9}},{"id":"00fe66d2-ef69-4b8a-be18-6484a6cb0964","block_type":"box","text":"Bought AUD, Sold GBP 174 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":652,"width":424,"height":12}},{"id":"4a7ee81d-3850-48a5-ac2a-4c32eaf1d5cb","block_type":"box","text":"(3)","page_number":43,"box":{"x":781,"y":652,"width":19,"height":12}},{"id":"d30cf87d-610f-4fe0-8f00-7370b6ac1fbc","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":658,"width":9,"height":0}},{"id":"1d13a505-7c51-446e-ac99-e26e26d44261","block_type":"box","text":"AUD 621","page_number":43,"box":{"x":127,"y":668,"width":66,"height":9}},{"id":"2ece00e3-7e61-493c-b4c1-75a297665369","block_type":"box","text":"Bought AUD, Sold GBP 329 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":668,"width":424,"height":11}},{"id":"34841264-23c7-4782-9dc3-aa88a68ca163","block_type":"box","text":"(7)","page_number":43,"box":{"x":781,"y":668,"width":19,"height":11}},{"id":"29c3fb8d-0ab8-4cdc-873b-27f4d94c9373","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":673,"width":9,"height":1}},{"id":"8e072d0e-a526-4917-aae7-adcddd24d9e1","block_type":"box","text":"HKD 866","page_number":43,"box":{"x":129,"y":683,"width":66,"height":9}},{"id":"12285090-7b43-46b9-be06-b61005e8b5cf","block_type":"box","text":"Bought HKD, Sold GBP 84 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":683,"width":416,"height":11}},{"id":"b8b74809-2185-4dba-932a-4b59cdddfdda","block_type":"box","text":"(1)","page_number":43,"box":{"x":781,"y":683,"width":19,"height":11}},{"id":"05f4354a-cc14-46b6-893c-f8258efb89dd","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":688,"width":9,"height":1}},{"id":"9789a0ef-31f2-4383-82c6-86674f28f7eb","block_type":"box","text":"JPY 4,483","page_number":43,"box":{"x":119,"y":699,"width":76,"height":10}},{"id":"ca321e3b-7139-4097-9c2d-d98c7b6dfe65","block_type":"box","text":"Bought JPY, Sold GBP 21 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":698,"width":409,"height":12}},{"id":"dfbaa1b2-956a-458c-8331-9940bed6a9e5","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":704,"width":9,"height":1}},{"id":"d338a4fb-e98d-4397-b2c2-47b571d641ae","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":704,"width":9,"height":1}},{"id":"ef72336e-9977-4924-be15-a1c4c6f83487","block_type":"box","text":"JPY 5,802","page_number":43,"box":{"x":119,"y":714,"width":76,"height":10}},{"id":"971f3557-b52b-45d2-ba73-74f0f3af6724","block_type":"box","text":"Bought JPY, Sold GBP 27 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":714,"width":409,"height":11}},{"id":"fb60bc81-0293-4b1d-a44e-7369b049c171","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":719,"width":9,"height":1}},{"id":"c2468b21-26b1-461e-ad53-0b9634b430ec","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":719,"width":9,"height":1}},{"id":"5b2f3e20-7dfd-4991-a771-a7642068910f","block_type":"box","text":"JPY 5,921","page_number":43,"box":{"x":119,"y":729,"width":74,"height":11}},{"id":"e675c99f-e48a-461b-a7f5-78c5d1223cda","block_type":"box","text":"Bought JPY, Sold GBP 28 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":729,"width":409,"height":11}},{"id":"90a9571b-aa42-4647-ae47-3f0636e8bdce","block_type":"box","text":"–","page_number":43,"box":{"x":791,"y":734,"width":9,"height":1}},{"id":"d32cb2db-8b5e-45e0-98fb-e87c99f26a72","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":734,"width":9,"height":1}},{"id":"64f7fc5d-e5be-4316-977e-3ddd7ac8f046","block_type":"box","text":"SGD 301","page_number":43,"box":{"x":127,"y":744,"width":66,"height":9}},{"id":"b1b41bdc-eb8d-4ed9-b976-84775a91d3e9","block_type":"box","text":"Bought SGD, Sold GBP 176 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":744,"width":426,"height":12}},{"id":"0c2a0113-7d51-42d3-82c1-5c0ce3debd56","block_type":"box","text":"(1)","page_number":43,"box":{"x":781,"y":744,"width":19,"height":12}},{"id":"d117f1a9-84e8-4e1d-ab77-a301f3aa77db","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":750,"width":9,"height":1}},{"id":"7558cdc1-020d-404d-932f-970c1ff4bde3","block_type":"box","text":"USD 722","page_number":43,"box":{"x":129,"y":760,"width":66,"height":9}},{"id":"22eb02eb-e1a2-4634-be55-da4f69f0ea19","block_type":"box","text":"Bought USD, Sold GBP 546 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":760,"width":425,"height":11}},{"id":"8cf17216-3487-4000-9ac0-9897420e69dc","block_type":"box","text":"(6)","page_number":43,"box":{"x":781,"y":760,"width":19,"height":11}},{"id":"f06e916d-c0ed-4cba-9656-70d8ff8bdada","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":765,"width":9,"height":1}},{"id":"e8c6ba97-1a61-437b-84d4-2cfa8e2f54de","block_type":"box","text":"AUD 2,450","page_number":43,"box":{"x":113,"y":775,"width":82,"height":11}},{"id":"2bec6e8a-066c-4b6a-9fde-593a6514d71a","block_type":"box","text":"Bought AUD, Sold GBP 1,294 for settlement on","page_number":43,"box":{"x":230,"y":775,"width":349,"height":11}},{"id":"5ea7b7c2-b050-4888-8ced-0296058c5fb7","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":789,"width":83,"height":9}},{"id":"150b87d7-744d-4112-bb6e-27c8c7cb1ae3","block_type":"box","text":"(23)","page_number":43,"box":{"x":771,"y":789,"width":29,"height":12}},{"id":"a26b284f-3e8d-4f1f-836b-f16630e38c35","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":795,"width":9,"height":1}},{"id":"9b2e014a-111e-41a6-b459-9bc46a24779c","block_type":"box","text":"AUD 1,722","page_number":43,"box":{"x":113,"y":805,"width":82,"height":10}},{"id":"31b666d5-97a7-4fe6-be6e-6fc682378849","block_type":"box","text":"Bought AUD, Sold GBP 904 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":805,"width":424,"height":11}},{"id":"6bf951d5-8a88-4efc-ac79-b3b0a9f441dd","block_type":"box","text":"(10)","page_number":43,"box":{"x":771,"y":805,"width":29,"height":11}},{"id":"242cfaeb-f51c-4b58-a443-67bacf8adc95","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":810,"width":9,"height":1}},{"id":"a07bfc19-40ef-4766-b061-53edf602495a","block_type":"box","text":"AUD 1,309","page_number":43,"box":{"x":113,"y":820,"width":82,"height":11}},{"id":"f958614b-a3e6-4c42-8d58-5fd54788d25f","block_type":"box","text":"Bought AUD, Sold GBP 684 for settlement on 24/07/2026","page_number":43,"box":{"x":230,"y":820,"width":424,"height":11}},{"id":"5361daee-42d1-4d25-878d-49d1d8e36954","block_type":"box","text":"(4)","page_number":43,"box":{"x":781,"y":820,"width":19,"height":11}},{"id":"5d7fe7e5-9ef1-4894-adae-b3c2e4a9cdfd","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":825,"width":9,"height":1}},{"id":"fc3a26a9-f4ed-4593-b074-f553134f484a","block_type":"box","text":"CHF 7,831","page_number":43,"box":{"x":115,"y":836,"width":78,"height":10}},{"id":"b1bb9c4a-4a99-4651-a5bd-7e3326e0c0bb","block_type":"box","text":"Bought CHF, Sold GBP 7,357 for settlement on","page_number":43,"box":{"x":230,"y":836,"width":347,"height":11}},{"id":"82535f20-dd3a-4b56-af99-886a1cc5172a","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":850,"width":83,"height":9}},{"id":"2329c8ab-d20d-44cd-9836-1f641260ecb0","block_type":"box","text":"(49)","page_number":43,"box":{"x":771,"y":850,"width":29,"height":11}},{"id":"551eb2e0-60a4-4037-8d39-9307de01ea51","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":855,"width":9,"height":1}},{"id":"0ce65076-dc4b-420c-9e5c-e600f1843d3e","block_type":"box","text":"CHF 6,431","page_number":43,"box":{"x":115,"y":865,"width":78,"height":11}},{"id":"2bbe48b5-d897-42e0-8faa-774f6b43f57c","block_type":"box","text":"Bought CHF, Sold GBP 6,006 for settlement on","page_number":43,"box":{"x":230,"y":865,"width":353,"height":11}},{"id":"b2169a16-f93f-47ba-821b-da0fb6f58c95","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":879,"width":83,"height":9}},{"id":"a4a7df7a-7fd9-490e-ad85-3c0b42cf1e8c","block_type":"box","text":"(5)","page_number":43,"box":{"x":781,"y":879,"width":19,"height":12}},{"id":"ea3e631e-f24b-4cd8-a516-73a1e4ca684c","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":885,"width":9,"height":1}},{"id":"c4c01ceb-74c8-415a-965a-e8f5670476c3","block_type":"box","text":"EUR 8,051","page_number":43,"box":{"x":115,"y":895,"width":78,"height":10}},{"id":"c54acfd3-89b5-48f8-b3fd-d8796adb7293","block_type":"box","text":"Bought EUR, Sold GBP 6,958 for settlement on","page_number":43,"box":{"x":230,"y":895,"width":356,"height":11}},{"id":"69249e48-27d9-428f-aaeb-538f8ce92715","block_type":"box","text":"24/07/2026","page_number":43,"box":{"x":229,"y":909,"width":83,"height":9}},{"id":"1925cf91-0035-4566-bcad-866ff9d03d46","block_type":"box","text":"(58)","page_number":43,"box":{"x":771,"y":909,"width":29,"height":11}},{"id":"763e50c9-0601-4bcb-9c4f-2db35d007295","block_type":"box","text":"–","page_number":43,"box":{"x":948,"y":914,"width":9,"height":1}},{"id":"04b227bc-d732-47a7-830b-78e5ea3b3cc1","block_type":"box","text":"43","page_number":44,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"c5f75bb2-0363-483a-be7d-2af3701c992d","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":44,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"58e65383-4dcf-4aa7-b863-e4b8f505ec27","block_type":"box","text":"Portfolio Statement (continued)","page_number":44,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"919deea5-0146-4e1a-80d0-bb522be7dc27","block_type":"box","text":"Holding","page_number":44,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"d423f60b-37b8-42fc-a3a6-0b95bdb8b088","block_type":"box","text":"Investment","page_number":44,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"df4b401e-ff3c-47f2-8fc7-e6119f6aa3fb","block_type":"box","text":"Market","page_number":44,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"87e64861-513f-4d9b-bae2-44c48a846955","block_type":"box","text":"Value","page_number":44,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"8cc28e43-5baa-4383-92c0-7cc432324add","block_type":"box","text":"£","page_number":44,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"7b993feb-bd46-4872-8b38-880482020c97","block_type":"box","text":"% of","page_number":44,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"b570a228-5d3c-407b-9997-4340f3302324","block_type":"box","text":"Net Assets","page_number":44,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"261d6dda-5ecd-417f-b603-47a483431866","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":44,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"6fa6df9c-17b6-4870-b990-024a25a42ffb","block_type":"box","text":"HKD 12,379","page_number":44,"box":{"x":105,"y":183,"width":90,"height":10}},{"id":"8823989b-f661-4abd-a617-4e4226152b2e","block_type":"box","text":"Bought HKD, Sold GBP 1,201 for settlement on","page_number":44,"box":{"x":230,"y":183,"width":356,"height":11}},{"id":"70263840-2f22-4521-b1ec-4de30635f9c6","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"7abb4625-61b9-42c7-8f55-f0e039751c47","block_type":"box","text":"(19)","page_number":44,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"1983b146-47c0-4349-aa00-b60977213adc","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"a8c98cab-b298-42c7-b923-4c3a16a0e76a","block_type":"box","text":"HKD 31,547","page_number":44,"box":{"x":105,"y":212,"width":90,"height":11}},{"id":"dcc4d1f7-b192-4da9-a47d-73f2e821faca","block_type":"box","text":"Bought HKD, Sold GBP 3,046 for settlement on","page_number":44,"box":{"x":230,"y":212,"width":356,"height":12}},{"id":"a1a8d85c-c3e3-4629-bf02-e5983c44c706","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"34b5291b-95e9-48d7-85bd-e2fe507e5a9d","block_type":"box","text":"(34)","page_number":44,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"2516ae0c-9cff-4eb8-a421-23ba97a60737","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"0e9546c6-6721-4773-997b-58f3c6879995","block_type":"box","text":"JPY 163,190","page_number":44,"box":{"x":100,"y":242,"width":95,"height":10}},{"id":"4246c4ec-863c-44a6-a74c-05826714053b","block_type":"box","text":"Bought JPY, Sold GBP 765 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":242,"width":419,"height":11}},{"id":"bc57d799-f53d-4a2f-8486-371c945215c6","block_type":"box","text":"(7)","page_number":44,"box":{"x":781,"y":242,"width":19,"height":11}},{"id":"25a66106-3081-437a-8c02-218180b3b4a2","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"4bff410c-95e9-4882-84e7-d2fa758fc87a","block_type":"box","text":"JPY 211,208","page_number":44,"box":{"x":101,"y":257,"width":94,"height":11}},{"id":"3441832f-91f7-4aa2-ad86-970afa2f4cb2","block_type":"box","text":"Bought JPY, Sold GBP 995 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":257,"width":419,"height":12}},{"id":"aaee4a16-ba56-4e1b-b0c5-fe7a7c179f20","block_type":"box","text":"(13)","page_number":44,"box":{"x":771,"y":257,"width":29,"height":12}},{"id":"f99d3ae1-458d-472e-aae8-e741c4d9544c","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"b4ab726a-716d-49c1-801d-117e424c4e5b","block_type":"box","text":"JPY 215,603","page_number":44,"box":{"x":100,"y":273,"width":95,"height":10}},{"id":"5d0a0d5c-340a-43e3-abe4-512dec4c510d","block_type":"box","text":"Bought JPY, Sold GBP 1,006 for settlement on","page_number":44,"box":{"x":230,"y":273,"width":349,"height":11}},{"id":"832011d3-47f7-41ae-b57c-2691c4058cea","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"6b9e1f21-6ffb-4d92-bc20-e3c32a610d83","block_type":"box","text":"(4)","page_number":44,"box":{"x":781,"y":287,"width":19,"height":11}},{"id":"6fa4caf9-1dd9-44a0-b99b-fe30fce902b9","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"f2a73775-6b61-449b-b08b-4b8bef102098","block_type":"box","text":"SGD 10,950","page_number":44,"box":{"x":104,"y":302,"width":91,"height":11}},{"id":"1491f74d-8ac0-427a-ab3e-0251908b429c","block_type":"box","text":"Bought SGD, Sold GBP 6,406 for settlement on","page_number":44,"box":{"x":230,"y":302,"width":357,"height":12}},{"id":"a7599112-4ae2-401c-adb9-7d0b0eeef7cd","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":317,"width":83,"height":8}},{"id":"892509f8-92e0-411f-8e83-f99ea73143bd","block_type":"box","text":"(53)","page_number":44,"box":{"x":771,"y":317,"width":29,"height":11}},{"id":"9656706f-87ad-4e89-a154-fea1783fa954","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"4e949039-832f-4ca9-94e5-1a64deaa9da9","block_type":"box","text":"USD 26,268","page_number":44,"box":{"x":105,"y":332,"width":90,"height":10}},{"id":"e841bcec-4bbb-49e8-a929-7d05f4b7c401","block_type":"box","text":"Bought USD, Sold GBP 19,874 for settlement on","page_number":44,"box":{"x":230,"y":332,"width":365,"height":11}},{"id":"3a7b397a-d270-455e-aaf4-88537aba2c51","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":346,"width":83,"height":9}},{"id":"9ada727d-5f9b-463b-a089-ae626db30494","block_type":"box","text":"(208)","page_number":44,"box":{"x":762,"y":346,"width":38,"height":11}},{"id":"974b9bcb-4975-46ef-a872-88daf5156517","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"f8cddd46-2dbc-4fa6-889b-dc290c673f31","block_type":"box","text":"EUR 221","page_number":44,"box":{"x":129,"y":362,"width":64,"height":8}},{"id":"bb17274c-3f00-4cc2-a1cd-b018b9fd955e","block_type":"box","text":"Bought EUR, Sold GBP 191 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":362,"width":425,"height":11}},{"id":"6f04f295-9a9f-4dac-ab83-43e784727611","block_type":"box","text":"(2)","page_number":44,"box":{"x":781,"y":362,"width":19,"height":11}},{"id":"f118cd9c-b65f-4855-af57-d6cda29bd1b0","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"18791f6e-ce87-4ecc-afac-cc22096efbf9","block_type":"box","text":"EUR 2,461","page_number":44,"box":{"x":115,"y":377,"width":78,"height":10}},{"id":"41d1ed9b-4f9d-4ae4-9642-d0528c09a1f0","block_type":"box","text":"Bought EUR, Sold GBP 2,117 for settlement on","page_number":44,"box":{"x":230,"y":377,"width":355,"height":11}},{"id":"85833eb9-c130-4a38-b5a3-5244b45f569b","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":391,"width":83,"height":9}},{"id":"bc27add0-d054-4fcf-b3da-337662318da8","block_type":"box","text":"(7)","page_number":44,"box":{"x":781,"y":391,"width":19,"height":11}},{"id":"89951526-2254-45e8-a30f-454355323c5a","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"7b680859-207a-4edb-9291-61c22ff345c7","block_type":"box","text":"AUD 684","page_number":44,"box":{"x":127,"y":407,"width":68,"height":8}},{"id":"24f171c0-e0d6-4861-8938-9ff9df0362e8","block_type":"box","text":"Bought AUD, Sold GBP 356 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":407,"width":424,"height":11}},{"id":"f1b4dc4e-2330-431c-a957-5d75752e700a","block_type":"box","text":"–","page_number":44,"box":{"x":791,"y":412,"width":9,"height":1}},{"id":"4066a644-7f99-4ee2-ae60-d2ce59f554ed","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":412,"width":9,"height":1}},{"id":"a75386fa-d108-4387-97f6-d93050c5ae0d","block_type":"box","text":"HKD 1,044","page_number":44,"box":{"x":115,"y":422,"width":80,"height":10}},{"id":"01513e4e-3f88-4f23-9b66-e875426ca991","block_type":"box","text":"Bought HKD, Sold GBP 101 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":422,"width":425,"height":11}},{"id":"77027104-1bc9-4a8a-8896-b628818e1bce","block_type":"box","text":"(2)","page_number":44,"box":{"x":781,"y":422,"width":19,"height":11}},{"id":"3780491d-8981-4634-8519-894a59ff4ff9","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":427,"width":9,"height":1}},{"id":"edb3b541-4c63-449b-ae39-ecad52b33c5b","block_type":"box","text":"HKD 5,708","page_number":44,"box":{"x":115,"y":437,"width":80,"height":11}},{"id":"4576343c-63dc-499c-bea2-95197f5a4dbf","block_type":"box","text":"Bought HKD, Sold GBP 552 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":437,"width":425,"height":12}},{"id":"66cee7df-09fb-4208-8a41-78fb36ae5341","block_type":"box","text":"(7)","page_number":44,"box":{"x":781,"y":437,"width":19,"height":12}},{"id":"2b3514e9-9f3e-4af3-a212-74b1de1e6c97","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"596be381-dc64-4b33-928a-ac5b00af049d","block_type":"box","text":"HKD 5,193","page_number":44,"box":{"x":115,"y":453,"width":80,"height":10}},{"id":"f7e48a98-09d7-4836-9d80-d6f45635d8b6","block_type":"box","text":"Bought HKD, Sold GBP 502 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":453,"width":425,"height":11}},{"id":"a5ff9a25-0ef5-474d-8489-5e9c6ad847fd","block_type":"box","text":"(6)","page_number":44,"box":{"x":781,"y":453,"width":19,"height":11}},{"id":"87f8cd28-e009-40de-88bf-7b5af580b9f2","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":458,"width":9,"height":1}},{"id":"fe7105e8-263f-42ef-b2bd-5462bfbc266e","block_type":"box","text":"USD 351","page_number":44,"box":{"x":129,"y":468,"width":64,"height":9}},{"id":"40637e81-c78b-4763-b138-cc6a7b252ecd","block_type":"box","text":"Bought USD, Sold GBP 266 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":468,"width":425,"height":11}},{"id":"7007c525-43c6-449b-b551-6786b50bc238","block_type":"box","text":"(3)","page_number":44,"box":{"x":781,"y":468,"width":19,"height":11}},{"id":"9a8810d4-f0dc-4bc2-947c-94004a92de69","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":473,"width":9,"height":1}},{"id":"7aedd6df-d80d-43b6-9ae7-861c09f67223","block_type":"box","text":"HKD 174,513","page_number":44,"box":{"x":96,"y":483,"width":99,"height":11}},{"id":"ac9c419d-0b7d-49d2-9b4d-a7bc9221b001","block_type":"box","text":"Bought HKD, Sold GBP 16,834 for settlement on","page_number":44,"box":{"x":230,"y":483,"width":365,"height":12}},{"id":"5a75318d-2caa-4366-9d0f-d8c6b0e0ef05","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":498,"width":83,"height":8}},{"id":"eb73c1fb-08c1-43e4-933d-a7e41e2a8343","block_type":"box","text":"(169)","page_number":44,"box":{"x":762,"y":498,"width":38,"height":11}},{"id":"a7c191e5-7d9e-43b1-be43-fb67875e3530","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"ad3621c1-e662-4ab7-88c1-898da1fe2cd4","block_type":"box","text":"JPY 277,046","page_number":44,"box":{"x":100,"y":513,"width":95,"height":10}},{"id":"df8f1071-5ee1-44be-a8b5-7441b90603f0","block_type":"box","text":"Bought JPY, Sold GBP 1,293 for settlement on","page_number":44,"box":{"x":230,"y":513,"width":349,"height":11}},{"id":"a523a18e-c739-4f39-a547-570b46486711","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"ac1b7fe4-da86-4bad-a182-0df6a1bd84df","block_type":"box","text":"(6)","page_number":44,"box":{"x":781,"y":527,"width":19,"height":11}},{"id":"2a5cc791-684d-48d6-8ccc-013442884671","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"e5c73998-39e1-4056-bfd3-8e01e8ef2924","block_type":"box","text":"HKD 207","page_number":44,"box":{"x":129,"y":543,"width":66,"height":8}},{"id":"9e5f38b7-78b6-4c7a-8e9f-e9839fd6d28c","block_type":"box","text":"Bought HKD, Sold GBP 20 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":543,"width":416,"height":11}},{"id":"914ad97f-c001-4962-bca7-2c64c8c6e638","block_type":"box","text":"–","page_number":44,"box":{"x":791,"y":548,"width":9,"height":1}},{"id":"13b92179-e2c1-44c1-9a38-084b508af05f","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":548,"width":9,"height":1}},{"id":"31d21ddb-7e6b-46b6-8d8c-96488bba94a3","block_type":"box","text":"SGD 14,104","page_number":44,"box":{"x":104,"y":558,"width":91,"height":10}},{"id":"b8ac31e2-472f-46a4-abd1-9caa6eb43741","block_type":"box","text":"Bought SGD, Sold GBP 8,252 for settlement on","page_number":44,"box":{"x":230,"y":558,"width":357,"height":11}},{"id":"dcd8fc08-768b-45cf-be52-177e4d501e02","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":572,"width":83,"height":9}},{"id":"6af02036-c331-4b0b-8ae2-5f2a3d3d21c3","block_type":"box","text":"(69)","page_number":44,"box":{"x":771,"y":572,"width":29,"height":11}},{"id":"11020606-38ba-4667-8e01-63942ecd62af","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":577,"width":9,"height":1}},{"id":"249be949-0d93-4610-bf0a-377029dfd49a","block_type":"box","text":"USD 33,689","page_number":44,"box":{"x":105,"y":588,"width":90,"height":10}},{"id":"316ca526-fe7c-4159-ba6e-9651fc85b6cf","block_type":"box","text":"Bought USD, Sold GBP 25,488 for settlement on","page_number":44,"box":{"x":230,"y":588,"width":365,"height":11}},{"id":"a932f57d-4c66-4d14-9370-dd47dd5216e3","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":602,"width":83,"height":9}},{"id":"e7ccc811-ba37-40d8-901b-c3207581267b","block_type":"box","text":"(267)","page_number":44,"box":{"x":762,"y":602,"width":38,"height":11}},{"id":"d8d3df7a-22eb-4e7e-8a27-f24a61a3554b","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":607,"width":9,"height":1}},{"id":"018457d7-32b1-4925-947b-959b22d67c74","block_type":"box","text":"JPY 9,850,367","page_number":44,"box":{"x":86,"y":617,"width":109,"height":11}},{"id":"974c2782-6883-4934-acf9-8cb79f553451","block_type":"box","text":"Bought JPY, Sold GBP 46,396 for settlement on","page_number":44,"box":{"x":230,"y":617,"width":359,"height":11}},{"id":"ac5da307-232f-4588-8683-7a2cde44f754","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":631,"width":83,"height":9}},{"id":"88423567-d4de-40a7-bed3-5b3003abc53a","block_type":"box","text":"(626)","page_number":44,"box":{"x":762,"y":631,"width":38,"height":12}},{"id":"298becdd-1044-4344-8301-46a25e38f53c","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":637,"width":9,"height":1}},{"id":"57e4a0d7-a2ed-49ce-9576-137f171a72a9","block_type":"box","text":"AUD 2","page_number":44,"box":{"x":146,"y":647,"width":49,"height":9}},{"id":"947e40d2-1629-4035-84e1-6795b9e8c3a4","block_type":"box","text":"Bought AUD, Sold GBP 1 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":647,"width":406,"height":11}},{"id":"f608eca6-3444-4aeb-b766-2970d153b4e3","block_type":"box","text":"–","page_number":44,"box":{"x":791,"y":652,"width":9,"height":1}},{"id":"5ffc91d8-0609-46e3-ae5a-87d66de1d599","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":652,"width":9,"height":1}},{"id":"592f81bd-d2cb-4054-8212-c0260761824b","block_type":"box","text":"USD 295,876","page_number":44,"box":{"x":96,"y":662,"width":99,"height":11}},{"id":"7ded43ee-b810-4bfe-8f5b-6eda80ead0b9","block_type":"box","text":"Bought USD, Sold GBP 223,534 for settlement on","page_number":44,"box":{"x":230,"y":662,"width":375,"height":11}},{"id":"63be6845-98b5-4fd8-9f21-37e81c9c16db","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":676,"width":83,"height":9}},{"id":"fa8f298c-2ea3-4fd2-b760-b58b1a794dfe","block_type":"box","text":"(2,027)","page_number":44,"box":{"x":748,"y":676,"width":52,"height":12}},{"id":"be7d8faa-1e9d-46e1-a1e9-319ed38c56d5","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":682,"width":9,"height":1}},{"id":"a43ea702-b9bc-4398-9e43-547cc1dc0580","block_type":"box","text":"CHF 321","page_number":44,"box":{"x":129,"y":692,"width":64,"height":9}},{"id":"fe9742da-3a44-443f-be21-3fbfefc96a3d","block_type":"box","text":"Bought CHF, Sold GBP 300 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":692,"width":423,"height":11}},{"id":"5d5520db-22af-4982-bd78-ff6fd90000c4","block_type":"box","text":"–","page_number":44,"box":{"x":791,"y":697,"width":9,"height":1}},{"id":"2e79b498-e0b8-4da8-ba85-10ce81861cca","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":697,"width":9,"height":1}},{"id":"649d3acd-5fec-4423-8900-4f0bbc73ec35","block_type":"box","text":"USD 8,893","page_number":44,"box":{"x":115,"y":707,"width":80,"height":11}},{"id":"850ae874-0330-4753-98be-2f3985c7e86b","block_type":"box","text":"Bought USD, Sold GBP 6,732 for settlement on","page_number":44,"box":{"x":230,"y":707,"width":350,"height":11}},{"id":"34a81d06-182c-4f02-bbc4-b6b49807cd8b","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":721,"width":83,"height":9}},{"id":"a8df7c2f-0fcb-4d59-a14d-b0bb26a2bd93","block_type":"box","text":"(74)","page_number":44,"box":{"x":771,"y":721,"width":29,"height":12}},{"id":"2f529276-a09b-441a-8bc7-dae159b56bdd","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":727,"width":9,"height":1}},{"id":"9bddfe3c-dd51-4f02-9f20-6bd2fd2e6b49","block_type":"box","text":"USD 9,775","page_number":44,"box":{"x":115,"y":737,"width":80,"height":10}},{"id":"a99c86de-1940-4e97-930c-49978b112cf6","block_type":"box","text":"Bought USD, Sold GBP 7,399 for settlement on","page_number":44,"box":{"x":230,"y":737,"width":350,"height":11}},{"id":"f863fc04-9272-4cae-80c0-5d2e023417cc","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":751,"width":83,"height":9}},{"id":"840d796c-02b4-4c84-aaf2-2b7d72a6831d","block_type":"box","text":"(81)","page_number":44,"box":{"x":771,"y":751,"width":29,"height":11}},{"id":"96db4f2e-14e5-428c-9cbe-7a8bcf801ae8","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":756,"width":9,"height":1}},{"id":"5f759afa-d237-4962-9615-5cee5fd59b42","block_type":"box","text":"USD 1,571","page_number":44,"box":{"x":115,"y":766,"width":78,"height":11}},{"id":"e18fdbde-1185-4eae-9427-0ac13a166f65","block_type":"box","text":"Bought USD, Sold GBP 1,194 for settlement on","page_number":44,"box":{"x":230,"y":766,"width":350,"height":12}},{"id":"8bfebafb-0cbd-4bdb-86b1-49a9d35ba101","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":781,"width":83,"height":9}},{"id":"129aaf7f-18ef-4c5e-acc0-bb40f26e7929","block_type":"box","text":"(17)","page_number":44,"box":{"x":771,"y":781,"width":29,"height":11}},{"id":"93c51457-908b-44e4-9303-94f626e46aa5","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":786,"width":9,"height":1}},{"id":"954478ac-dc9b-454f-8d03-ff9afc32fae0","block_type":"box","text":"CHF 1","page_number":44,"box":{"x":148,"y":796,"width":45,"height":9}},{"id":"3806ea17-02cb-4179-9cc5-a62fc4b40f7b","block_type":"box","text":"Bought CHF, Sold GBP 1 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":796,"width":404,"height":11}},{"id":"12b85995-c607-41fb-9b3b-2f274c12fdee","block_type":"box","text":"–","page_number":44,"box":{"x":791,"y":801,"width":9,"height":1}},{"id":"245a5ad4-12f2-4746-9942-fb6021bb77e6","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":801,"width":9,"height":1}},{"id":"23750ee9-d446-4a70-a603-63c7fb0ebcaa","block_type":"box","text":"USD 71,662","page_number":44,"box":{"x":105,"y":811,"width":90,"height":11}},{"id":"373bc660-aaff-455d-ad53-376bf40dd2a6","block_type":"box","text":"Bought USD, Sold GBP 54,341 for settlement on","page_number":44,"box":{"x":230,"y":811,"width":360,"height":12}},{"id":"e0834726-4507-4ca8-b1a3-1900be77a0fc","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":826,"width":83,"height":9}},{"id":"6bb0b3c4-a0bb-410f-a907-39bca35bfd8a","block_type":"box","text":"(691)","page_number":44,"box":{"x":762,"y":826,"width":38,"height":11}},{"id":"04a1dc72-5a5f-4679-8b74-2015036559d8","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":831,"width":9,"height":1}},{"id":"de0c64d2-6968-425a-b6a1-d7558afdd6bf","block_type":"box","text":"EUR 4,223","page_number":44,"box":{"x":115,"y":841,"width":80,"height":10}},{"id":"22669429-3a36-46dd-9792-d5c55495c3f8","block_type":"box","text":"Bought EUR, Sold GBP 3,623 for settlement on","page_number":44,"box":{"x":230,"y":841,"width":356,"height":11}},{"id":"557b38b9-cf9f-4c16-861e-c2453a001e35","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":855,"width":83,"height":9}},{"id":"8f881c96-fe95-4697-bbb1-1eb3515e5064","block_type":"box","text":"(2)","page_number":44,"box":{"x":781,"y":855,"width":19,"height":11}},{"id":"66048131-2600-4edd-a8a0-1d67d69d1c22","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":860,"width":9,"height":1}},{"id":"c33cba68-0cf6-4f72-95ee-2ce8bffd5ac8","block_type":"box","text":"SGD 514,696","page_number":44,"box":{"x":95,"y":871,"width":100,"height":10}},{"id":"262d659f-64bd-47a2-880e-14b1c286ebe8","block_type":"box","text":"Bought SGD, Sold GBP 301,140 for settlement on","page_number":44,"box":{"x":230,"y":871,"width":376,"height":11}},{"id":"68f2d7a1-5e65-4aef-8d5c-8c018b311bf9","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":885,"width":83,"height":9}},{"id":"16c2eaea-d1d8-4651-b5e0-c9c397b25dc6","block_type":"box","text":"(2,51","page_number":44,"box":{"x":748,"y":885,"width":34,"height":11}},{"id":"7f494907-1472-4ed1-99ef-9cc464ac4ec6","block_type":"box","text":"4","page_number":44,"box":{"x":785,"y":885,"width":9,"height":9}},{"id":"92f7fb83-864f-4a08-8deb-81e79b135574","block_type":"box","text":")","page_number":44,"box":{"x":796,"y":885,"width":4,"height":11}},{"id":"5c78c645-1066-479f-a1ca-244291aed3aa","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":890,"width":9,"height":1}},{"id":"b1e98834-7bc2-4031-a5ab-beb3a221809c","block_type":"box","text":"EUR 10","page_number":44,"box":{"x":138,"y":900,"width":57,"height":9}},{"id":"4795e87b-b1c3-452f-bc7a-3be274054b50","block_type":"box","text":"Bought EUR, Sold GBP 8 for settlement on 24/07/2026","page_number":44,"box":{"x":230,"y":900,"width":407,"height":11}},{"id":"91fb0414-7da5-4865-bd9e-cafc9525df01","block_type":"box","text":"–","page_number":44,"box":{"x":791,"y":905,"width":9,"height":1}},{"id":"ee72bcad-21de-49c2-a549-11c740495943","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":905,"width":9,"height":1}},{"id":"161ab040-3019-4fd0-953a-3558ef603691","block_type":"box","text":"SGD 4,123","page_number":44,"box":{"x":113,"y":916,"width":82,"height":10}},{"id":"25274236-bc60-494f-a9d3-ee409e572c12","block_type":"box","text":"Bought SGD, Sold GBP 2,413 for settlement on","page_number":44,"box":{"x":230,"y":916,"width":351,"height":11}},{"id":"ffa22fbf-dd9d-4930-ae69-3723711fc9e3","block_type":"box","text":"24/07/2026","page_number":44,"box":{"x":229,"y":930,"width":83,"height":9}},{"id":"85a29855-e595-40a3-8052-5a59f3510cb2","block_type":"box","text":"(21)","page_number":44,"box":{"x":771,"y":930,"width":29,"height":11}},{"id":"1bdd9c66-b6c6-43b8-9ef0-f2e4478053a0","block_type":"box","text":"–","page_number":44,"box":{"x":948,"y":935,"width":9,"height":1}},{"id":"e013fd6b-d390-45d3-a003-9272410910e1","block_type":"box","text":"44","page_number":45,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"2167a944-4296-4662-a7f7-1f357a7ffba3","block_type":"box","text":"45","page_number":45,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"1b8027c1-0e33-4525-bf69-233ce9d79e64","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":45,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"88644571-f84f-4f5b-9c77-d9457331c461","block_type":"box","text":"Portfolio Statement (continued)","page_number":45,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"2eba5d75-2221-49eb-b2a0-17ffb13ca0e2","block_type":"box","text":"Holding","page_number":45,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"4e49b9e4-95f8-4bb5-8629-09674f4dde2e","block_type":"box","text":"Investment","page_number":45,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"ebc96766-b8d9-4bed-bcd4-bd53e5af8c7b","block_type":"box","text":"Market","page_number":45,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"145c3fc7-300a-4675-a6ab-262932eab32f","block_type":"box","text":"Value","page_number":45,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"1f8dc59a-e642-44de-972c-17f6d19c6b8a","block_type":"box","text":"£","page_number":45,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"3854cd6b-252a-4370-9167-d452773aa8f5","block_type":"box","text":"% of","page_number":45,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"0a9fb6f4-9f4f-42bc-a6e1-20cf9d43b036","block_type":"box","text":"Net Assets","page_number":45,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"c251b999-bbfa-4cfc-9b78-2cef78cde2e6","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":45,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"5ab53328-94ed-4624-a5a7-36c90e026b7f","block_type":"box","text":"SGD 5","page_number":45,"box":{"x":146,"y":183,"width":49,"height":9}},{"id":"1eff6a8a-2c3f-4ded-9720-f92f033eee5b","block_type":"box","text":"Bought SGD, Sold GBP 3 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":183,"width":408,"height":11}},{"id":"448f31f4-bb22-4b3a-b99f-699ea2131d85","block_type":"box","text":"–","page_number":45,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"8e5251a5-e760-4529-bfe2-32b16e757485","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"a3931674-4284-4060-a771-21b5d1807c89","block_type":"box","text":"HKD 15,933","page_number":45,"box":{"x":105,"y":198,"width":90,"height":11}},{"id":"c07980ae-48ee-4d6a-9443-4db0c305032b","block_type":"box","text":"Bought HKD, Sold GBP 1,546 for settlement on","page_number":45,"box":{"x":230,"y":198,"width":356,"height":11}},{"id":"e2cd7fe0-724d-4c73-8019-c2b51280d9ca","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"279bd970-f8ec-4ea6-8a53-db8dfbac8b7b","block_type":"box","text":"(25)","page_number":45,"box":{"x":771,"y":212,"width":29,"height":12}},{"id":"4fcf0c4f-1e11-48cd-b738-f3150b50bba5","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"2fd3a5db-304c-4329-89d7-19aee8dca41c","block_type":"box","text":"JPY 11,028","page_number":45,"box":{"x":111,"y":228,"width":84,"height":10}},{"id":"200e8170-40ac-432b-ab39-37285e3611b2","block_type":"box","text":"Bought JPY, Sold GBP 52 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":228,"width":409,"height":11}},{"id":"b3876ef1-ec26-4378-be46-09e91abe27ba","block_type":"box","text":"(1)","page_number":45,"box":{"x":781,"y":228,"width":19,"height":11}},{"id":"da48eadb-f891-4c66-9718-a895e825c676","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"8c044d21-fecf-4a78-a396-13aa74e89bd6","block_type":"box","text":"JPY 68,012","page_number":45,"box":{"x":110,"y":243,"width":85,"height":11}},{"id":"16a84f27-4f58-4a71-baf6-8d1dcdce8181","block_type":"box","text":"Bought JPY, Sold GBP 319 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":243,"width":419,"height":11}},{"id":"7aaa77e0-0064-441c-be04-008c619abea7","block_type":"box","text":"(3)","page_number":45,"box":{"x":781,"y":243,"width":19,"height":11}},{"id":"a285346a-5702-461b-940d-2b0f3dbb1fd5","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"eb264342-d611-4101-a65a-5168f0588fe7","block_type":"box","text":"JPY 61,875","page_number":45,"box":{"x":110,"y":259,"width":85,"height":10}},{"id":"04e4cccc-a6da-4218-90fb-3d5c3d2ed3d7","block_type":"box","text":"Bought JPY, Sold GBP 291 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":258,"width":419,"height":12}},{"id":"b70d879a-e772-4870-9b31-6d39408602cc","block_type":"box","text":"(3)","page_number":45,"box":{"x":781,"y":258,"width":19,"height":12}},{"id":"a752314b-9339-4b72-92c5-6d4d758e1103","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":264,"width":9,"height":1}},{"id":"62194920-108e-4488-99ee-81c9b4439038","block_type":"box","text":"HKD 40,626","page_number":45,"box":{"x":105,"y":274,"width":90,"height":10}},{"id":"6c939397-a18c-4a5e-9c8f-f7d926df75d6","block_type":"box","text":"Bought HKD, Sold GBP 3,923 for settlement on","page_number":45,"box":{"x":230,"y":274,"width":356,"height":11}},{"id":"234376ee-f652-48dc-b304-65474b01bb41","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":288,"width":83,"height":9}},{"id":"0fbb12f8-94db-4d05-9163-1a63e8c7ee46","block_type":"box","text":"(44)","page_number":45,"box":{"x":771,"y":288,"width":29,"height":11}},{"id":"1f90dfcf-7447-4a63-9349-567f3412d1ec","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"1cf48cf2-edd9-477e-a2b3-568dc8a4fbc1","block_type":"box","text":"JPY 362,158","page_number":45,"box":{"x":100,"y":304,"width":95,"height":10}},{"id":"220eec8e-f5eb-4d3f-8f6d-545a2a29de3d","block_type":"box","text":"Bought JPY, Sold GBP 1,698 for settlement on","page_number":45,"box":{"x":230,"y":303,"width":349,"height":12}},{"id":"139a138d-3c7e-4ce9-87c5-8f180d9ba529","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":318,"width":83,"height":9}},{"id":"07fbd11d-f9d0-43ee-ae58-d094e744e230","block_type":"box","text":"(15)","page_number":45,"box":{"x":771,"y":318,"width":29,"height":11}},{"id":"d1d669d2-ab8a-44dc-aa47-aae3058fbb53","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"2ac1e8bd-1b49-4b32-807f-728616efa73d","block_type":"box","text":"JPY 209,750","page_number":45,"box":{"x":100,"y":333,"width":95,"height":10}},{"id":"da1ce9f9-af03-4422-b963-ceaa1f988780","block_type":"box","text":"Bought JPY, Sold GBP 983 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":333,"width":419,"height":11}},{"id":"6436ba24-d3bd-42f8-8cb1-7012ffd3e060","block_type":"box","text":"(8)","page_number":45,"box":{"x":781,"y":333,"width":19,"height":11}},{"id":"f187081a-796e-47b9-a18b-c2654ead3188","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":338,"width":9,"height":1}},{"id":"294acca2-bb8f-46b6-8a77-c35b3de3eac4","block_type":"box","text":"JPY 10,080,409","page_number":45,"box":{"x":77,"y":348,"width":118,"height":11}},{"id":"e578462d-0167-4619-9d34-1ee6e06022b6","block_type":"box","text":"Bought JPY, Sold GBP 47,040 for settlement on","page_number":45,"box":{"x":230,"y":348,"width":359,"height":12}},{"id":"f809645a-e3ac-4741-a29d-7a99c7c5b404","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":363,"width":83,"height":9}},{"id":"91ff6b59-66dd-4c94-b26d-12812ff63383","block_type":"box","text":"(201)","page_number":45,"box":{"x":762,"y":363,"width":38,"height":11}},{"id":"1e1d8c45-c99d-425d-a189-fedd175a7f0d","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"3183085c-964d-43ea-bbe4-756fc9af52a4","block_type":"box","text":"JPY 2,535,217","page_number":45,"box":{"x":86,"y":378,"width":109,"height":10}},{"id":"4fd2d1b7-9b1f-4063-a3b2-cc38cfad7483","block_type":"box","text":"Bought JPY, Sold GBP 11,827 for settlement on","page_number":45,"box":{"x":230,"y":378,"width":357,"height":11}},{"id":"f30663d2-d048-466d-9015-e5ef96242ecb","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":392,"width":83,"height":9}},{"id":"8b696542-33a4-458d-9399-26be530ea186","block_type":"box","text":"(47)","page_number":45,"box":{"x":771,"y":392,"width":29,"height":12}},{"id":"a4e9ae17-04df-4a18-9bdc-7382d000a4ab","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"c51a53d0-e82d-407f-be21-2260592f20e2","block_type":"box","text":"JPY 60,510","page_number":45,"box":{"x":110,"y":408,"width":85,"height":10}},{"id":"afb636a9-0cac-4725-bb22-07cdc25b3567","block_type":"box","text":"Bought JPY, Sold GBP 281 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":408,"width":419,"height":11}},{"id":"db9d0138-a26a-4c27-ab10-e850bddc10e8","block_type":"box","text":"–","page_number":45,"box":{"x":791,"y":413,"width":9,"height":1}},{"id":"b0980ed3-7e11-4dcc-9a67-ceeb3c572136","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"57dced5c-ec75-44bd-a978-88dfecf212a3","block_type":"box","text":"JPY 7,715,743","page_number":45,"box":{"x":86,"y":423,"width":109,"height":10}},{"id":"184ce174-0455-412e-a0fc-f6426de62960","block_type":"box","text":"Bought JPY, Sold GBP 36,161 for settlement on","page_number":45,"box":{"x":230,"y":423,"width":359,"height":11}},{"id":"65e69df5-38b0-4356-b73d-5367273593d5","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":437,"width":83,"height":9}},{"id":"cf91fab6-241b-4789-920c-320f7cc4596e","block_type":"box","text":"(310)","page_number":45,"box":{"x":762,"y":437,"width":38,"height":12}},{"id":"a341134e-24bb-4020-bf14-adbba45ed444","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"dfd3dc8a-fe52-40a9-b26f-af135cf0f43b","block_type":"box","text":"JPY 2,125,378","page_number":45,"box":{"x":86,"y":453,"width":109,"height":10}},{"id":"73db8103-5904-4813-9cbc-ef3d9a9e1d8d","block_type":"box","text":"Bought JPY, Sold GBP 9,943 for settlement on","page_number":45,"box":{"x":230,"y":453,"width":349,"height":11}},{"id":"ddfe6705-c89e-4c9a-9979-f307af3c96ca","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":467,"width":83,"height":9}},{"id":"d6d9aa3c-fd00-4904-a74a-638d9bcc9724","block_type":"box","text":"(67)","page_number":45,"box":{"x":771,"y":467,"width":29,"height":11}},{"id":"caa2db72-9e29-446b-89c3-3d9bab4abe45","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"4c0aa527-3895-4865-bc1c-dd948cd2be58","block_type":"box","text":"JPY 2,443","page_number":45,"box":{"x":119,"y":482,"width":76,"height":11}},{"id":"6d07ff14-2a07-4b3f-b452-fcebc95daff5","block_type":"box","text":"Bought JPY, Sold GBP 11 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":482,"width":408,"height":11}},{"id":"87b30bbb-18f3-499f-aa14-c0462b69358e","block_type":"box","text":"–","page_number":45,"box":{"x":791,"y":487,"width":9,"height":1}},{"id":"39a77cbb-e133-4e08-92ec-4dd2ea5e2019","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"e5e8d72d-d612-4c89-938e-8f66d1b24030","block_type":"box","text":"HKD 5,650","page_number":45,"box":{"x":115,"y":498,"width":80,"height":10}},{"id":"36cdc815-d6c2-43a2-aabd-53a32334bddb","block_type":"box","text":"Bought HKD, Sold GBP 543 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":498,"width":425,"height":11}},{"id":"1e4e5ded-e663-42de-88e6-370343144429","block_type":"box","text":"(4)","page_number":45,"box":{"x":781,"y":498,"width":19,"height":11}},{"id":"744eb383-45a4-4cd6-b1c3-9c62a698db48","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"b13c0540-259e-4b0b-9486-cebddf817f10","block_type":"box","text":"HKD 237,151","page_number":45,"box":{"x":96,"y":513,"width":97,"height":10}},{"id":"546d2ac9-049a-4da2-b92e-12c9331c3ea3","block_type":"box","text":"Bought HKD, Sold GBP 22,903 for settlement on","page_number":45,"box":{"x":230,"y":513,"width":365,"height":11}},{"id":"7869b264-0171-45ee-ad4f-5d706d9680c6","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"50190d6d-922d-47d6-9412-ec2da5d3bca1","block_type":"box","text":"(257)","page_number":45,"box":{"x":762,"y":527,"width":38,"height":11}},{"id":"2dc1ce93-cf29-49c1-84f0-6bd8f57b362b","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"152d3cf7-0f5e-4ebc-8532-961bec409080","block_type":"box","text":"HKD 1,480,718","page_number":45,"box":{"x":82,"y":543,"width":113,"height":10}},{"id":"c2eb9726-1f67-4f3c-9712-00985fdd424e","block_type":"box","text":"Bought HKD, Sold GBP 142,987 for settlement on","page_number":45,"box":{"x":230,"y":543,"width":375,"height":11}},{"id":"13be3bfc-8ea0-438f-ba60-0b459451d2df","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"5496008e-6a76-44ab-a01f-6bc6acfd2281","block_type":"box","text":"(1,588)","page_number":45,"box":{"x":748,"y":557,"width":52,"height":11}},{"id":"988eb87b-b4d7-4b32-b402-bc069d65e8c9","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"aa1203a1-b47f-4f6f-ab22-e89cd290922c","block_type":"box","text":"HKD 35,960","page_number":45,"box":{"x":105,"y":572,"width":90,"height":11}},{"id":"298839b8-a532-4bf9-be94-6bf3220e13c1","block_type":"box","text":"Bought HKD, Sold GBP 3,471 for settlement on","page_number":45,"box":{"x":230,"y":572,"width":356,"height":11}},{"id":"d911902f-0e76-477e-a6ab-572fc82d1ab5","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":586,"width":83,"height":9}},{"id":"09a8bd83-b74d-44c4-a7e9-769cd2f1d387","block_type":"box","text":"(38)","page_number":45,"box":{"x":771,"y":586,"width":29,"height":12}},{"id":"6aadf18e-d17b-45a8-bc7e-591286c777ca","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":592,"width":9,"height":1}},{"id":"d045ced0-0b1f-4b3d-aaa0-55153d1d3aec","block_type":"box","text":"HKD 46,408","page_number":45,"box":{"x":105,"y":602,"width":90,"height":10}},{"id":"4323e27e-0fa2-4209-9a4a-48684f9bc8cd","block_type":"box","text":"Bought HKD, Sold GBP 4,492 for settlement on","page_number":45,"box":{"x":230,"y":602,"width":356,"height":11}},{"id":"14f26451-81bc-45ec-ab65-c37eca73d712","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":616,"width":83,"height":9}},{"id":"7fe2a00c-7bb4-4b8d-a5bf-bf16838f8a9e","block_type":"box","text":"(60)","page_number":45,"box":{"x":771,"y":616,"width":29,"height":11}},{"id":"d0f9f852-8b57-4f56-86d3-e04b8b5f1d9a","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":621,"width":9,"height":1}},{"id":"adb764e1-f2ff-4713-9328-ef92802c36ec","block_type":"box","text":"HKD 582,433","page_number":45,"box":{"x":96,"y":632,"width":99,"height":10}},{"id":"78c79b7c-49b7-48be-8464-6c33b807a4da","block_type":"box","text":"Bought HKD, Sold GBP 56,526 for settlement on","page_number":45,"box":{"x":230,"y":631,"width":365,"height":12}},{"id":"c34edb0d-db0e-4759-b11d-c373cc23dcb8","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":646,"width":83,"height":9}},{"id":"f3ed99e8-7b59-4ff9-a77d-f0d92aefd305","block_type":"box","text":"(907)","page_number":45,"box":{"x":762,"y":646,"width":38,"height":11}},{"id":"d21194f1-923b-458c-8206-0ee9ce4991c8","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":651,"width":9,"height":1}},{"id":"bc025570-7131-4c1e-a210-7cb4c2fdffe7","block_type":"box","text":"JPY 271,775","page_number":45,"box":{"x":100,"y":661,"width":95,"height":10}},{"id":"37a3f6e2-718f-404d-b4fc-7577ae6c55a2","block_type":"box","text":"Bought JPY, Sold GBP 1,280 for settlement on","page_number":45,"box":{"x":230,"y":661,"width":349,"height":11}},{"id":"b536fb20-4819-4df5-b2ad-46180fc1647b","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":675,"width":83,"height":9}},{"id":"8b1cc2c9-d465-4941-961b-ffa8dc9fea24","block_type":"box","text":"(17)","page_number":45,"box":{"x":771,"y":675,"width":29,"height":12}},{"id":"02c4d50a-9ced-4dc2-b131-0d8fddf21608","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":681,"width":9,"height":0}},{"id":"70f58543-e8f0-4405-80cf-2e3e77009ba8","block_type":"box","text":"EUR 10,347","page_number":45,"box":{"x":105,"y":691,"width":90,"height":10}},{"id":"f7f5b038-b719-4a83-850a-d488efc58dad","block_type":"box","text":"Bought EUR, Sold GBP 8,942 for settlement on","page_number":45,"box":{"x":230,"y":691,"width":350,"height":11}},{"id":"e1c01175-adfa-46a4-9e50-858452c6a89d","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":705,"width":83,"height":9}},{"id":"59594a92-bddc-40e3-a716-cf1041ae3ba0","block_type":"box","text":"(74)","page_number":45,"box":{"x":771,"y":705,"width":29,"height":11}},{"id":"15185572-f02e-40c4-b56d-6d03a2878604","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":710,"width":9,"height":1}},{"id":"92a023f8-16c7-43c9-8f03-3ce675a90a23","block_type":"box","text":"JPY 487,705","page_number":45,"box":{"x":100,"y":720,"width":95,"height":11}},{"id":"f154a382-68e0-402e-87f0-034c937c4ca4","block_type":"box","text":"Bought JPY, Sold GBP 2,292 for settlement on","page_number":45,"box":{"x":230,"y":720,"width":343,"height":12}},{"id":"031497b9-e363-4e84-93c3-12e8658149db","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":735,"width":83,"height":8}},{"id":"75c39778-a556-44a5-b58b-45b1c156c5e3","block_type":"box","text":"(25)","page_number":45,"box":{"x":771,"y":735,"width":29,"height":11}},{"id":"9d4f5396-c344-47fc-9636-cf66a5ac4e20","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":740,"width":9,"height":1}},{"id":"d20e3049-8724-4feb-9b18-e344519842b8","block_type":"box","text":"USD 54,054","page_number":45,"box":{"x":105,"y":750,"width":90,"height":10}},{"id":"8b5021d7-9d5a-4baa-b8cf-a619a06a8f14","block_type":"box","text":"Bought USD, Sold GBP 40,884 for settlement on","page_number":45,"box":{"x":230,"y":750,"width":360,"height":11}},{"id":"e0a2d7b5-070a-440b-b277-03a108570202","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":764,"width":83,"height":9}},{"id":"a651a769-aa65-4e22-827e-6421a2b8a571","block_type":"box","text":"(416)","page_number":45,"box":{"x":762,"y":764,"width":38,"height":11}},{"id":"c59585ce-4b6e-4428-abce-ec6c8f12e7cd","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":769,"width":9,"height":1}},{"id":"4a0c1aa8-ef64-4864-9663-dabc765f70a9","block_type":"box","text":"USD 8,891","page_number":45,"box":{"x":115,"y":780,"width":78,"height":10}},{"id":"aec1ae19-d8ff-41f8-bb13-a6efa0fb90fb","block_type":"box","text":"Bought USD, Sold GBP 6,703 for settlement on","page_number":45,"box":{"x":230,"y":780,"width":350,"height":11}},{"id":"71dd81a9-d602-427d-9aa7-01af653e4581","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":794,"width":83,"height":9}},{"id":"c1fbd3e1-b482-4099-8181-97e92fd60acb","block_type":"box","text":"(47)","page_number":45,"box":{"x":771,"y":794,"width":29,"height":11}},{"id":"4f579b41-f30a-43ff-8f46-8ab9f86dc8a5","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":799,"width":9,"height":1}},{"id":"aaf854fe-91a0-4a02-9809-1222f12a501a","block_type":"box","text":"CHF 8,285","page_number":45,"box":{"x":115,"y":809,"width":80,"height":11}},{"id":"0fd9d0ce-85da-47de-8e13-1338144b79ae","block_type":"box","text":"Bought CHF, Sold GBP 7,738 for settlement on","page_number":45,"box":{"x":230,"y":809,"width":347,"height":11}},{"id":"96df4e45-d5cb-4878-a050-b3300bd2586c","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":823,"width":83,"height":9}},{"id":"630fa7d9-5442-4f27-b2d0-ff5f9687b2d1","block_type":"box","text":"(7)","page_number":45,"box":{"x":781,"y":823,"width":19,"height":12}},{"id":"7e884196-a5b2-4b40-98e6-4b9cbc67ed58","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":829,"width":9,"height":1}},{"id":"1888c3dd-94b5-4e0e-939a-405de93e063e","block_type":"box","text":"CHF 10,084","page_number":45,"box":{"x":106,"y":839,"width":89,"height":10}},{"id":"1998d2d6-0695-4805-9d81-ee3ad7104ef8","block_type":"box","text":"Bought CHF, Sold GBP 9,475 for settlement on","page_number":45,"box":{"x":230,"y":839,"width":353,"height":11}},{"id":"5f1aed1a-f6e0-4e2c-8ae9-872527aade16","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":853,"width":83,"height":9}},{"id":"f1cd5259-fdaa-4bf0-ba84-2c576402226c","block_type":"box","text":"(64)","page_number":45,"box":{"x":771,"y":853,"width":29,"height":11}},{"id":"b2ea4334-8c94-4a22-acb5-b6a9852e4010","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":858,"width":9,"height":1}},{"id":"7eb02363-5eda-42b2-9167-c34bbfcedc74","block_type":"box","text":"USD 1,227,322","page_number":45,"box":{"x":82,"y":868,"width":113,"height":11}},{"id":"16c24d8f-0754-4212-90cb-e37de1f159f4","block_type":"box","text":"Bought USD, Sold GBP 928,558 for settlement on","page_number":45,"box":{"x":230,"y":868,"width":375,"height":12}},{"id":"326b46f4-981c-467d-b99a-5d974c81cb02","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":883,"width":83,"height":9}},{"id":"94854cd9-eb97-48c4-a276-52154ae2004f","block_type":"box","text":"(9,72","page_number":45,"box":{"x":748,"y":883,"width":36,"height":11}},{"id":"b5822649-6df9-4d56-9575-f6ec57606f50","block_type":"box","text":"8","page_number":45,"box":{"x":786,"y":883,"width":8,"height":9}},{"id":"5b11b76b-8e7c-4b4d-9eb8-3d2801a82b64","block_type":"box","text":")","page_number":45,"box":{"x":796,"y":883,"width":4,"height":11}},{"id":"f1de1125-7c2a-48b7-a257-05111397c07e","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":888,"width":9,"height":1}},{"id":"f174a643-6065-4687-8efd-375bf8a1ac1f","block_type":"box","text":"AUD 2,217","page_number":45,"box":{"x":113,"y":898,"width":82,"height":10}},{"id":"877c7c2a-1233-4023-8f36-87b861b7888e","block_type":"box","text":"Bought AUD, Sold GBP 1,164 for settlement on","page_number":45,"box":{"x":230,"y":898,"width":355,"height":11}},{"id":"db3c4271-62b4-45ae-8dcb-40ed4719c13e","block_type":"box","text":"24/07/2026","page_number":45,"box":{"x":229,"y":912,"width":83,"height":9}},{"id":"8a71e4e9-b4a8-469c-b244-236110de2589","block_type":"box","text":"(13)","page_number":45,"box":{"x":771,"y":912,"width":29,"height":12}},{"id":"1c508c47-4c33-477b-990f-fe27ff071ae8","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":917,"width":9,"height":1}},{"id":"5de5d1cf-9884-4cb4-b50c-8ce9f686a0ba","block_type":"box","text":"AUD 1,683","page_number":45,"box":{"x":113,"y":928,"width":82,"height":10}},{"id":"668ac7e5-8111-499d-a8ab-1b04c42f0b0a","block_type":"box","text":"Bought AUD, Sold GBP 879 for settlement on 24/07/2026","page_number":45,"box":{"x":230,"y":928,"width":424,"height":11}},{"id":"78d50e6e-7fa6-4147-88f1-c0d1a5ff7ed2","block_type":"box","text":"(6)","page_number":45,"box":{"x":781,"y":928,"width":19,"height":11}},{"id":"4dbc1f17-0b96-4fb1-bef5-b6029fbaa0c6","block_type":"box","text":"–","page_number":45,"box":{"x":948,"y":933,"width":9,"height":1}},{"id":"57c75bdd-900f-40c1-93d8-c61f042b1f36","block_type":"box","text":"45","page_number":46,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"e9590dd4-fd05-441b-9622-e2335a91ae5d","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":46,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"80f2a79b-d612-4b3d-a3be-8f8500b12156","block_type":"box","text":"Portfolio Statement (continued)","page_number":46,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"79f069d9-d95a-435a-bcfc-4494429866c9","block_type":"box","text":"Holding","page_number":46,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"50933fbc-b467-4382-9e02-e82e50578e84","block_type":"box","text":"Investment","page_number":46,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"3638eec5-26d0-4611-ac53-9fc6a1f43a08","block_type":"box","text":"Market","page_number":46,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"de64a0f7-dd86-4d23-9cdc-fd4f8c1548b4","block_type":"box","text":"Value","page_number":46,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"92b4ea51-bf84-48c6-81df-fbb52fddd2de","block_type":"box","text":"£","page_number":46,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"870e28ed-374e-4eb0-ba06-93a96cff7712","block_type":"box","text":"% of","page_number":46,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"c687f14d-96cc-4cbe-9dd0-194cca542bab","block_type":"box","text":"Net Assets","page_number":46,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"6a50cc2e-a045-4a49-bf46-4e7dcf1e0f66","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":46,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"93eb520d-dac1-425e-9482-21de449ec5cf","block_type":"box","text":"AUD 3,153","page_number":46,"box":{"x":113,"y":183,"width":82,"height":10}},{"id":"2b99d302-d9e6-4322-b1da-14efa84df1a5","block_type":"box","text":"Bought AUD, Sold GBP 1,666 for settlement on","page_number":46,"box":{"x":230,"y":183,"width":355,"height":11}},{"id":"2ae90ee0-50c2-4806-821b-8139c86b009d","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"6a5bca83-9526-48d9-88bc-3ba97f65dae8","block_type":"box","text":"(29)","page_number":46,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"89f7083e-d61f-43f5-a3b3-a59780c61fc6","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"d6adb848-06e6-4ea1-aecc-bc2932c17dd7","block_type":"box","text":"USD 378,991","page_number":46,"box":{"x":96,"y":212,"width":97,"height":11}},{"id":"d44fb22f-f42c-4fa3-bd5e-1350d11beddd","block_type":"box","text":"Bought USD, Sold GBP 286,777 for settlement on","page_number":46,"box":{"x":230,"y":212,"width":375,"height":12}},{"id":"85cba5bb-ee0d-4709-b261-e862e0ff815c","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"e454471c-e376-4e79-8c4b-b5024b35f49f","block_type":"box","text":"(3,04","page_number":46,"box":{"x":748,"y":227,"width":36,"height":11}},{"id":"b8475b6d-9ed9-4907-9b77-2773b703f55c","block_type":"box","text":"8","page_number":46,"box":{"x":786,"y":227,"width":8,"height":8}},{"id":"86a3a8d3-d8bd-4f09-a644-ca3256d64134","block_type":"box","text":")","page_number":46,"box":{"x":796,"y":227,"width":4,"height":11}},{"id":"2797930f-91b0-4e2c-9686-5084cead9b4a","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"473fd0fc-a50c-4930-bc71-725b32e8ec56","block_type":"box","text":"HKD (436)","page_number":46,"box":{"x":118,"y":242,"width":77,"height":11}},{"id":"3d8a6424-070a-4087-8d53-19025d5bdc61","block_type":"box","text":"Sold HKD, Bought GBP 42 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":242,"width":416,"height":11}},{"id":"73611b6c-b7a3-476d-bd26-9357b92eb55f","block_type":"box","text":"1","page_number":46,"box":{"x":793,"y":242,"width":4,"height":9}},{"id":"8e5ac691-f437-44b3-8e6d-7d9e90e15c01","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"efc12600-4468-4838-9dc7-1bd10ac58e71","block_type":"box","text":"HKD (49,835)","page_number":46,"box":{"x":94,"y":257,"width":101,"height":12}},{"id":"5e7f621c-48de-4be9-a016-a7e13b52495c","block_type":"box","text":"Sold HKD, Bought GBP 4,822 for settlement on","page_number":46,"box":{"x":230,"y":257,"width":356,"height":12}},{"id":"dba3b669-b411-4dff-ab06-5ed5f3cb2f8c","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":272,"width":83,"height":8}},{"id":"1381edc0-2e7e-4582-9f9e-59f316b3221d","block_type":"box","text":"63","page_number":46,"box":{"x":782,"y":272,"width":17,"height":8}},{"id":"6fefd0ba-680b-4382-8f74-af6127c04e19","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":277,"width":9,"height":1}},{"id":"66172ed0-11c4-4476-a647-ddedfbd6178b","block_type":"box","text":"HKD (14,520)","page_number":46,"box":{"x":94,"y":287,"width":101,"height":11}},{"id":"9a45aa1a-5ccd-4ed1-b0c2-37298588bd35","block_type":"box","text":"Sold HKD, Bought GBP 1,402 for settlement on","page_number":46,"box":{"x":230,"y":287,"width":356,"height":11}},{"id":"3866e17b-bfeb-42f3-9706-5e3b6b75652d","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":301,"width":83,"height":9}},{"id":"b7ef60a1-521f-413b-b080-f30a81020448","block_type":"box","text":"16","page_number":46,"box":{"x":783,"y":301,"width":16,"height":9}},{"id":"84bcaf0b-37de-408f-9862-58b2096e745b","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"8cfdf546-7c17-42db-a352-f4d9f682e3f8","block_type":"box","text":"HKD (655,851)","page_number":46,"box":{"x":85,"y":317,"width":110,"height":11}},{"id":"8e51907a-816a-4674-8208-d71f950398ca","block_type":"box","text":"Sold HKD, Bought GBP 63,458 for settlement on","page_number":46,"box":{"x":230,"y":317,"width":365,"height":11}},{"id":"c09572aa-d37d-45ad-bdfc-be94c7c00f24","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":331,"width":83,"height":9}},{"id":"6c9405bd-41b0-49a3-a4da-13caa31b101c","block_type":"box","text":"829","page_number":46,"box":{"x":773,"y":331,"width":26,"height":9}},{"id":"327dcb5d-b900-4b79-8f16-346cfee308c1","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":336,"width":9,"height":1}},{"id":"98544392-8306-4aa7-9f9a-43f486e5c739","block_type":"box","text":"HKD (277,088)","page_number":46,"box":{"x":85,"y":346,"width":110,"height":11}},{"id":"ef618648-74ee-42a2-bc7c-82dc79353bea","block_type":"box","text":"Sold HKD, Bought GBP 26,810 for settlement on","page_number":46,"box":{"x":230,"y":346,"width":365,"height":11}},{"id":"a200ab10-83b3-47d5-a850-61293ff5f642","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":360,"width":83,"height":9}},{"id":"25b80210-cab2-4242-a29f-23f49ebb0c5c","block_type":"box","text":"350","page_number":46,"box":{"x":773,"y":361,"width":26,"height":8}},{"id":"25752913-ec64-4307-bc41-82affeb219ae","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":366,"width":9,"height":1}},{"id":"63e797d6-7f6d-4e40-83d8-2c73e7244afc","block_type":"box","text":"HKD (6,101,947)","page_number":46,"box":{"x":71,"y":376,"width":124,"height":11}},{"id":"8a01431f-a69b-436b-a3ee-23cbf264d9ac","block_type":"box","text":"Sold HKD, Bought GBP 589,598 for settlement on","page_number":46,"box":{"x":230,"y":376,"width":375,"height":11}},{"id":"e19b78c3-5bda-4f21-be46-fd972884f84e","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":390,"width":83,"height":9}},{"id":"4e18946b-75c5-45c0-a48e-a8e407430ab6","block_type":"box","text":"6,900","page_number":46,"box":{"x":759,"y":390,"width":40,"height":11}},{"id":"93612053-0d7e-442e-a547-77e9ce970d0d","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":395,"width":9,"height":1}},{"id":"3d6a3b8d-09f0-4d32-a0b3-7e0400ee2d8b","block_type":"box","text":"HKD (80,732)","page_number":46,"box":{"x":94,"y":405,"width":101,"height":12}},{"id":"a2a376f3-008e-4195-a54e-0e2d9cabf2a9","block_type":"box","text":"Sold HKD, Bought GBP 7,796 for settlement on","page_number":46,"box":{"x":230,"y":405,"width":356,"height":12}},{"id":"f800a05d-b9db-4f4c-9b2d-5557d64d8a32","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":420,"width":83,"height":9}},{"id":"07689605-a179-49a8-93dc-c302833f68f2","block_type":"box","text":"87","page_number":46,"box":{"x":782,"y":420,"width":17,"height":9}},{"id":"523c4255-5e9c-44aa-a29b-3ee0cb0e6dc6","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":425,"width":9,"height":1}},{"id":"74f4c980-6847-48b9-b888-c15679ccc015","block_type":"box","text":"HKD (301)","page_number":46,"box":{"x":118,"y":435,"width":77,"height":11}},{"id":"6341d088-f086-4a3e-8866-f93c860d4dfc","block_type":"box","text":"Sold HKD, Bought GBP 29 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":435,"width":416,"height":11}},{"id":"475142f3-f2e8-471a-97ed-21581343f68f","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":440,"width":9,"height":1}},{"id":"d29fb57f-d440-4d6c-816a-3c8caf74e093","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":440,"width":9,"height":1}},{"id":"0bf3c329-3b38-4238-9808-d903a5d72a3e","block_type":"box","text":"HKD (21)","page_number":46,"box":{"x":127,"y":450,"width":68,"height":12}},{"id":"c63b14d5-2656-4c03-9b0f-a0a4ad9be3ee","block_type":"box","text":"Sold HKD, Bought GBP 2 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":450,"width":407,"height":12}},{"id":"82eb2b2d-11be-4d6c-a04b-496c6d11c502","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":456,"width":9,"height":1}},{"id":"f9f83236-1ada-49e0-90d9-b7f67a597a19","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"f5715886-8a5b-4981-81f2-dff92565d754","block_type":"box","text":"HKD (64,248)","page_number":46,"box":{"x":94,"y":466,"width":101,"height":11}},{"id":"20463d18-d841-4e5b-a892-fd62f30335b9","block_type":"box","text":"Sold HKD, Bought GBP 6,217 for settlement on","page_number":46,"box":{"x":230,"y":466,"width":356,"height":11}},{"id":"65895fd9-5c98-4045-8692-6895c25ee988","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":480,"width":83,"height":9}},{"id":"600e7f3d-b63c-4d1f-b302-ecd488fb6e75","block_type":"box","text":"81","page_number":46,"box":{"x":782,"y":480,"width":15,"height":9}},{"id":"0ac5551a-e3df-46d5-97f6-2f83f82b9292","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":485,"width":9,"height":1}},{"id":"415665dd-b59b-4daa-8d58-f8196038d45a","block_type":"box","text":"HKD (30,515)","page_number":46,"box":{"x":94,"y":495,"width":101,"height":12}},{"id":"5db4fdd4-fb11-458b-a1ab-9b24b62648b6","block_type":"box","text":"Sold HKD, Bought GBP 2,954 for settlement on","page_number":46,"box":{"x":230,"y":495,"width":356,"height":12}},{"id":"2dcc24b3-d6b0-43a1-bfee-8a354765702f","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":510,"width":83,"height":9}},{"id":"e5c0c246-0265-48f8-a02d-8161f94ab488","block_type":"box","text":"40","page_number":46,"box":{"x":782,"y":510,"width":17,"height":9}},{"id":"8cb9f58a-5822-4b00-9b7f-743a615cf99a","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":515,"width":9,"height":1}},{"id":"2dd2efec-1b1a-45ba-be0b-ba60f121ccc9","block_type":"box","text":"HKD (296)","page_number":46,"box":{"x":118,"y":525,"width":77,"height":11}},{"id":"e02a7d16-30f1-418a-9b76-b5c55fbbfcbc","block_type":"box","text":"Sold HKD, Bought GBP 28 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":525,"width":416,"height":11}},{"id":"3378c94d-590c-4218-8334-7ac49c2dc480","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":530,"width":9,"height":1}},{"id":"5ef662d8-3500-4de6-97bf-85c917567054","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"7630110c-cb96-40eb-854d-253327bfec15","block_type":"box","text":"HKD (10,807)","page_number":46,"box":{"x":94,"y":540,"width":101,"height":12}},{"id":"82d54bb6-6685-4c43-8a58-d96553fec5e5","block_type":"box","text":"Sold HKD, Bought GBP 1,032 for settlement on","page_number":46,"box":{"x":230,"y":540,"width":356,"height":12}},{"id":"418ab031-2200-48ec-b1b3-5055c90b628c","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":555,"width":83,"height":9}},{"id":"ab811b33-1dbb-499d-91e6-ff0d9091052f","block_type":"box","text":"(1)","page_number":46,"box":{"x":781,"y":555,"width":19,"height":11}},{"id":"92b1b0e1-b139-4119-9230-24656e05174e","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":560,"width":9,"height":1}},{"id":"a817b138-ba2e-44c7-bea2-8ed7902c5f11","block_type":"box","text":"HKD (2,183,161)","page_number":46,"box":{"x":71,"y":570,"width":124,"height":11}},{"id":"c7bccc94-23e4-4f2e-84a6-7e95340ba4b3","block_type":"box","text":"Sold HKD, Bought GBP 210,947 for settlement on","page_number":46,"box":{"x":230,"y":570,"width":375,"height":11}},{"id":"9578fef4-9567-4979-a790-8e2cec7fe18a","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":584,"width":83,"height":9}},{"id":"c8b70685-1fa6-433b-8cde-5401c0092da8","block_type":"box","text":"2,469","page_number":46,"box":{"x":759,"y":584,"width":40,"height":11}},{"id":"711be9db-a6f8-4159-833c-677374af5875","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":589,"width":9,"height":1}},{"id":"ac8579f5-8a9b-4621-836d-d4ad4f9f44fe","block_type":"box","text":"HKD (21,966,998)","page_number":46,"box":{"x":62,"y":600,"width":133,"height":11}},{"id":"d5b255bf-a6f3-4f78-b680-8a84fefa8539","block_type":"box","text":"Sold HKD, Bought GBP 2,122,552 for settlement on","page_number":46,"box":{"x":230,"y":600,"width":389,"height":11}},{"id":"887c6fac-aefe-43f5-ae29-b1db220d70f8","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":614,"width":83,"height":9}},{"id":"162e4d7a-07b5-405a-90d0-ae6380dd8f02","block_type":"box","text":"24,838","page_number":46,"box":{"x":749,"y":614,"width":50,"height":10}},{"id":"e9a683d6-4f25-439e-a354-2ccd71993faf","block_type":"box","text":"0.01","page_number":46,"box":{"x":925,"y":614,"width":29,"height":9}},{"id":"832f9223-4654-40f8-9d4e-3c05e4551f5e","block_type":"box","text":"HKD (14,018)","page_number":46,"box":{"x":94,"y":629,"width":101,"height":11}},{"id":"d3f3eedc-74c2-4c6c-bc78-a41ddcd6d2b3","block_type":"box","text":"Sold HKD, Bought GBP 1,339 for settlement on","page_number":46,"box":{"x":230,"y":629,"width":356,"height":11}},{"id":"ccbb2a51-9eae-4895-92b0-e476ec3d0057","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":643,"width":83,"height":9}},{"id":"3986bf56-1f7a-47c5-99c9-f6012c2c54d2","block_type":"box","text":"(1)","page_number":46,"box":{"x":781,"y":643,"width":19,"height":12}},{"id":"b467145e-e1c5-4627-8fd6-c6dcb8c4dc59","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":649,"width":9,"height":1}},{"id":"d4742a73-dbb8-4904-9b3e-b221286dc770","block_type":"box","text":"HKD (58)","page_number":46,"box":{"x":127,"y":659,"width":68,"height":11}},{"id":"adfabd89-dbf6-40d0-8e6a-77cc37965eb8","block_type":"box","text":"Sold HKD, Bought GBP 6 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":659,"width":407,"height":11}},{"id":"01405d8d-a596-48c7-be60-ca70379e904f","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":664,"width":9,"height":1}},{"id":"b1fc7cf0-15dc-4407-a2e5-89f2260d8103","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":664,"width":9,"height":1}},{"id":"e7017297-c5d7-44aa-96ea-2aa517cf5bcd","block_type":"box","text":"HKD (14)","page_number":46,"box":{"x":127,"y":674,"width":68,"height":11}},{"id":"1b367144-8477-42de-b32c-ae3f78da9b9c","block_type":"box","text":"Sold HKD, Bought GBP 1 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":674,"width":407,"height":11}},{"id":"ba9b3d7d-ffb9-4205-b8b8-ec9cedfaaaa2","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":679,"width":9,"height":1}},{"id":"92958a1c-75cf-452e-80ba-7a048d75dd48","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":679,"width":9,"height":1}},{"id":"cf23da7f-5ce6-4968-a62e-b79d15540370","block_type":"box","text":"HKD (885)","page_number":46,"box":{"x":118,"y":690,"width":77,"height":11}},{"id":"bcc5c257-e7d6-492e-97df-fe0985d0e017","block_type":"box","text":"Sold HKD, Bought GBP 85 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":690,"width":416,"height":11}},{"id":"bbb98f86-a49b-485b-844e-391e3a75b5c2","block_type":"box","text":"1","page_number":46,"box":{"x":793,"y":690,"width":4,"height":8}},{"id":"977ea177-c170-4db3-ad67-a72fe916c216","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":695,"width":9,"height":1}},{"id":"07407ed2-cb21-4890-a67a-085b79737bf7","block_type":"box","text":"HKD (2,576,968)","page_number":46,"box":{"x":71,"y":705,"width":124,"height":11}},{"id":"71054794-8843-403c-bf97-46d9f9ba2587","block_type":"box","text":"Sold HKD, Bought GBP 248,998 for settlement on","page_number":46,"box":{"x":230,"y":705,"width":369,"height":11}},{"id":"476cb4e3-3bb1-4c63-8fc1-aab3e7ed8d89","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":719,"width":83,"height":9}},{"id":"dcdc84cb-e115-419b-9817-dd63ed1fa1a7","block_type":"box","text":"2,914","page_number":46,"box":{"x":759,"y":719,"width":40,"height":11}},{"id":"2e20608e-40d3-4127-9aca-b23e6a84da2a","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":724,"width":9,"height":1}},{"id":"1e574871-7574-4475-b169-d10d3e5748e0","block_type":"box","text":"HKD (24)","page_number":46,"box":{"x":127,"y":735,"width":68,"height":11}},{"id":"0f2ced1e-1ce3-442a-957f-c6a0118bad36","block_type":"box","text":"Sold HKD, Bought GBP 2 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":735,"width":407,"height":11}},{"id":"4e495b78-79f2-4d8b-948d-052083b122a2","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":740,"width":9,"height":1}},{"id":"c626e560-9fbd-4815-9f23-1ef9dd500c30","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":740,"width":9,"height":1}},{"id":"48418f60-b70f-4e96-ac00-1edbcdaaa34f","block_type":"box","text":"HKD (4)","page_number":46,"box":{"x":136,"y":750,"width":59,"height":11}},{"id":"fd2dc33f-ac29-4f43-bb68-fbbc5171b8df","block_type":"box","text":"Sold HKD, Bought GBP – for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":750,"width":407,"height":11}},{"id":"da60635c-135f-454f-b8de-b9b4d92c4f8e","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":755,"width":9,"height":1}},{"id":"05f6329a-743c-4e34-9340-ca3b36276f66","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":755,"width":9,"height":1}},{"id":"21f3a8e1-fda7-4155-b74e-ec1a4e744307","block_type":"box","text":"HKD (463,607)","page_number":46,"box":{"x":85,"y":765,"width":110,"height":12}},{"id":"e7729472-15d6-414c-acd4-947208e8fd75","block_type":"box","text":"Sold HKD, Bought GBP 44,796 for settlement on","page_number":46,"box":{"x":230,"y":765,"width":360,"height":12}},{"id":"074a44de-dc6a-4e8b-9d3f-9d8c2f90e53f","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":780,"width":83,"height":8}},{"id":"accc415d-604d-4d01-8583-4f78f1fe86f0","block_type":"box","text":"524","page_number":46,"box":{"x":773,"y":780,"width":26,"height":8}},{"id":"dfd6fa10-6519-45d7-9295-fbc4a3345bfe","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":785,"width":9,"height":1}},{"id":"99396159-1730-49b3-bce3-0ef9801f55c3","block_type":"box","text":"HKD (7)","page_number":46,"box":{"x":136,"y":795,"width":59,"height":11}},{"id":"239aa1eb-9d57-466a-aca4-88fd19024d2e","block_type":"box","text":"Sold HKD, Bought GBP 1 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":795,"width":407,"height":11}},{"id":"1b7cbe1f-62e9-40d4-a3af-daffab602c7c","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":800,"width":9,"height":1}},{"id":"a5ab3d0b-1ba1-44e5-b918-952a88805589","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":800,"width":9,"height":1}},{"id":"6b00eb25-b7dd-4607-8cca-6de871e43ee4","block_type":"box","text":"HKD (191,090)","page_number":46,"box":{"x":85,"y":810,"width":110,"height":12}},{"id":"22a580b4-a8e4-4b8f-8059-1e7dca30e78a","block_type":"box","text":"Sold HKD, Bought GBP 18,453 for settlement on","page_number":46,"box":{"x":230,"y":810,"width":360,"height":12}},{"id":"74ff5062-d83a-4f86-a0a1-3f2ff5596471","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":825,"width":83,"height":8}},{"id":"14638a78-a72b-4c6c-b041-0161c520df97","block_type":"box","text":"206","page_number":46,"box":{"x":773,"y":825,"width":26,"height":8}},{"id":"f4f2b041-b2e0-43fa-a4a2-18901314254e","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":830,"width":9,"height":1}},{"id":"c79844a8-c137-4a2c-8abf-a80be7758611","block_type":"box","text":"HKD (233,488)","page_number":46,"box":{"x":85,"y":840,"width":110,"height":11}},{"id":"f995649a-5ad7-40f2-a1d8-687edcea01a6","block_type":"box","text":"Sold HKD, Bought GBP 22,592 for settlement on","page_number":46,"box":{"x":230,"y":840,"width":365,"height":11}},{"id":"4d96b785-8a30-4fe5-b003-4f2040acff51","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":854,"width":83,"height":9}},{"id":"16ebd24c-6c6d-4fd6-99d3-bf9c768702a5","block_type":"box","text":"295","page_number":46,"box":{"x":773,"y":854,"width":26,"height":9}},{"id":"eb65399f-4e9f-4363-b174-0ec5672ed060","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":859,"width":9,"height":1}},{"id":"c4b3bf3c-1fda-41b6-8bbd-a7023bd16677","block_type":"box","text":"HKD (68,045)","page_number":46,"box":{"x":94,"y":869,"width":101,"height":12}},{"id":"d4b013ae-5510-40fd-bb60-b0cffe6adaaf","block_type":"box","text":"Sold HKD, Bought GBP 6,571 for settlement on","page_number":46,"box":{"x":230,"y":869,"width":356,"height":12}},{"id":"6b9e3517-b43b-4116-bb11-7830da914a74","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":884,"width":83,"height":9}},{"id":"a090d2b1-2d61-4397-9a2b-fdd8d2d54a91","block_type":"box","text":"73","page_number":46,"box":{"x":782,"y":884,"width":17,"height":9}},{"id":"ded5bc20-772a-4ea6-9c6c-b2e61e0a8e56","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":889,"width":9,"height":1}},{"id":"0081a022-e0fc-4188-a981-8d162f67c0d7","block_type":"box","text":"HKD (18,719)","page_number":46,"box":{"x":94,"y":899,"width":101,"height":11}},{"id":"540c2d10-45b8-40b1-a36e-ed9c36349541","block_type":"box","text":"Sold HKD, Bought GBP 1,808 for settlement on","page_number":46,"box":{"x":230,"y":899,"width":356,"height":11}},{"id":"26855ba8-a5b9-4218-afec-9d44cb00edaa","block_type":"box","text":"24/07/2026","page_number":46,"box":{"x":229,"y":913,"width":83,"height":9}},{"id":"21b490bd-443c-42d9-ba60-3e2788a287f8","block_type":"box","text":"20","page_number":46,"box":{"x":782,"y":913,"width":17,"height":9}},{"id":"d0bfeaad-0493-49d7-bb7e-4fc6ac083346","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":919,"width":9,"height":0}},{"id":"886e760c-d922-4989-8592-f4e2b7038601","block_type":"box","text":"HKD (6)","page_number":46,"box":{"x":136,"y":929,"width":59,"height":11}},{"id":"f18a7807-f67d-43da-93a9-d617f80bec50","block_type":"box","text":"Sold HKD, Bought GBP 1 for settlement on 24/07/2026","page_number":46,"box":{"x":230,"y":929,"width":407,"height":11}},{"id":"299cee03-d4f4-4e9f-8d60-848d5d9146ee","block_type":"box","text":"–","page_number":46,"box":{"x":791,"y":934,"width":9,"height":1}},{"id":"2c413991-83d2-48b5-b775-791ed4f994e7","block_type":"box","text":"–","page_number":46,"box":{"x":948,"y":934,"width":9,"height":1}},{"id":"09be71f7-5444-4aab-aa11-f8c63b823f7f","block_type":"box","text":"46","page_number":47,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"9aceb6ec-5ff7-4b2a-a57c-08b82c0e7712","block_type":"box","text":"47","page_number":47,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"48a7a67f-a722-4b94-81fb-f671f9655d45","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":47,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"bfe5f417-58ba-421a-bb9f-dc37fb99424f","block_type":"box","text":"Portfolio Statement (continued)","page_number":47,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"cf3df865-2566-4e73-8188-eef96b039f82","block_type":"box","text":"Holding","page_number":47,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"e523df78-54fc-46d1-9f24-765e9c5ae55e","block_type":"box","text":"Investment","page_number":47,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"df782780-04f2-407b-9236-034dcb152652","block_type":"box","text":"Market","page_number":47,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"b019e3c9-eb22-4722-942b-bb3659240d5c","block_type":"box","text":"Value","page_number":47,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"6303d67f-32ed-42dc-bd93-ed2dfb4dbc9e","block_type":"box","text":"£","page_number":47,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"301213f2-e06f-4236-9f0c-8cc3314c868d","block_type":"box","text":"% of","page_number":47,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"5aba73be-a91f-4c67-a09a-c2c061e2249e","block_type":"box","text":"Net Assets","page_number":47,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"58bc0ae9-380b-4175-9756-00af02cc12f6","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":47,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"d2753edc-bf61-4ac8-b041-599b2db3b257","block_type":"box","text":"HKD (2,344,836)","page_number":47,"box":{"x":71,"y":183,"width":124,"height":11}},{"id":"3eb5947f-a7ac-4dcd-8270-730f3ec22a1f","block_type":"box","text":"Sold HKD, Bought GBP 226,880 for settlement on","page_number":47,"box":{"x":230,"y":183,"width":375,"height":11}},{"id":"caf991a3-c370-4bbd-8580-a2970a4a4f75","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"e1f25929-96f6-41f6-8f3c-76583ff70670","block_type":"box","text":"2,963","page_number":47,"box":{"x":759,"y":197,"width":40,"height":10}},{"id":"bd153110-46d3-4328-a287-d97855b8e897","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"7eee8941-908b-4713-8cb2-44200ae93525","block_type":"box","text":"HKD (4,122)","page_number":47,"box":{"x":104,"y":212,"width":91,"height":12}},{"id":"1925cf5c-f3e3-4936-9b16-4cc0ebd33dbb","block_type":"box","text":"Sold HKD, Bought GBP 396 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":212,"width":425,"height":12}},{"id":"2a9ef345-a02c-4000-9172-cea3dbfaaf18","block_type":"box","text":"3","page_number":47,"box":{"x":792,"y":212,"width":7,"height":9}},{"id":"fca57ab7-2c0a-42b3-b101-12fa8101c327","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"674a3bca-31f1-4a30-8119-8aecbe3deccc","block_type":"box","text":"HKD (932,556)","page_number":47,"box":{"x":85,"y":228,"width":110,"height":11}},{"id":"670a474b-ddeb-47eb-8cec-b1556a6bce19","block_type":"box","text":"Sold HKD, Bought GBP 90,108 for settlement on","page_number":47,"box":{"x":230,"y":228,"width":365,"height":11}},{"id":"6ce042a1-2fdd-45ad-bb86-af1b538b13b2","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"86d8d59e-809b-4e3d-a9e8-2878ecf73eb7","block_type":"box","text":"1,054","page_number":47,"box":{"x":760,"y":242,"width":39,"height":10}},{"id":"c22056cf-460f-4c83-bcc2-ab033abfb3c4","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"6f56de9e-b5b9-4230-a104-3335d5cb6838","block_type":"box","text":"HKD (265)","page_number":47,"box":{"x":118,"y":257,"width":77,"height":12}},{"id":"87a5e7b9-1f1d-4216-9713-2583fd211abc","block_type":"box","text":"Sold HKD, Bought GBP 26 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":257,"width":416,"height":12}},{"id":"3ace098d-5a83-4f36-9697-79e5d9615dd8","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"38205129-cd82-48cb-bed6-ba48dd3acf8e","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"789fd231-9a11-48af-8674-dbbbe61695cc","block_type":"box","text":"HKD (423)","page_number":47,"box":{"x":118,"y":273,"width":77,"height":11}},{"id":"108df8ea-26a5-4fe3-a6ca-8935324de63d","block_type":"box","text":"Sold HKD, Bought GBP 40 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":273,"width":416,"height":11}},{"id":"43b596c6-ef45-4479-ba13-08cea8ebe57e","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":278,"width":9,"height":1}},{"id":"39ca08be-a921-41f5-9c08-a83370b6f449","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"bd3c68c6-fe0f-4aa2-8d6f-605ffcd639c3","block_type":"box","text":"HKD (100,176)","page_number":47,"box":{"x":85,"y":288,"width":110,"height":11}},{"id":"8e152dd0-7027-481b-a478-e5628b8f95a1","block_type":"box","text":"Sold HKD, Bought GBP 9,693 for settlement on","page_number":47,"box":{"x":230,"y":288,"width":356,"height":11}},{"id":"fbf2510f-a2db-4c5d-a571-b93ba83c188e","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":302,"width":83,"height":9}},{"id":"5a9c9ce8-6ee3-4f83-9601-dca925bc3788","block_type":"box","text":"127","page_number":47,"box":{"x":774,"y":302,"width":25,"height":9}},{"id":"0685bb29-8a98-4662-9aef-d8812230ca8b","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"a5c84fcb-cb90-4871-946c-a22e10e87441","block_type":"box","text":"HKD (29,188)","page_number":47,"box":{"x":94,"y":318,"width":101,"height":11}},{"id":"97a160d7-faaf-4c01-b700-22e011f3d462","block_type":"box","text":"Sold HKD, Bought GBP 2,819 for settlement on","page_number":47,"box":{"x":230,"y":318,"width":356,"height":11}},{"id":"3a28e2c3-ca33-4939-92c4-211ffa3938ed","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":332,"width":83,"height":9}},{"id":"e09b26c4-88e4-4733-86f5-51fb516df3d7","block_type":"box","text":"31","page_number":47,"box":{"x":782,"y":332,"width":15,"height":9}},{"id":"135b6952-73b7-471e-85e9-117d522c12e6","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"ae2dc027-d864-4800-9f6c-ac7b75f3f34e","block_type":"box","text":"HKD (1,368)","page_number":47,"box":{"x":104,"y":347,"width":91,"height":12}},{"id":"84b8f955-ab97-479f-a8a3-159a3d2284d7","block_type":"box","text":"Sold HKD, Bought GBP 132 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":347,"width":425,"height":12}},{"id":"beab7b21-f77b-46e9-adb4-d9074089753e","block_type":"box","text":"2","page_number":47,"box":{"x":791,"y":347,"width":8,"height":9}},{"id":"e8a62050-615e-48e0-8a7c-1590c160af51","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":353,"width":9,"height":0}},{"id":"48f93978-3330-4965-9add-1baad4d9ef02","block_type":"box","text":"HKD (399)","page_number":47,"box":{"x":118,"y":363,"width":77,"height":11}},{"id":"ce840370-1086-4a4c-a388-6b93576da129","block_type":"box","text":"Sold HKD, Bought GBP 39 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":363,"width":416,"height":11}},{"id":"fa6b5753-4131-4be1-9f3a-abcda565c8e6","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":368,"width":9,"height":1}},{"id":"7761c510-197d-4e45-b157-4da2da1895cd","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"79c501bb-c735-4e24-ad55-f6329f89c1d0","block_type":"box","text":"HKD (2,469)","page_number":47,"box":{"x":104,"y":378,"width":91,"height":11}},{"id":"106e8e41-0806-4f40-aa21-09b590cbb8d5","block_type":"box","text":"Sold HKD, Bought GBP 239 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":378,"width":425,"height":11}},{"id":"ccb2bf55-2b51-4a9b-ba49-19e813418c91","block_type":"box","text":"3","page_number":47,"box":{"x":792,"y":378,"width":7,"height":9}},{"id":"2dd7e56f-5b2e-4a4a-9181-6f111b72ce36","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":383,"width":9,"height":1}},{"id":"c351965a-47b3-4919-8a79-98785e75a63b","block_type":"box","text":"HKD (1,043)","page_number":47,"box":{"x":104,"y":393,"width":91,"height":12}},{"id":"4d66f7a3-a69e-4a17-9264-ed3bc42f247c","block_type":"box","text":"Sold HKD, Bought GBP 101 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":393,"width":425,"height":12}},{"id":"045ad414-563c-428a-81b6-c0f6e85101ca","block_type":"box","text":"1","page_number":47,"box":{"x":793,"y":394,"width":4,"height":8}},{"id":"e878a5dd-2372-4d34-88f1-7b38b40e5c88","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":399,"width":9,"height":0}},{"id":"2a5cdf07-e173-4200-9c03-811140765f8d","block_type":"box","text":"HKD (21,581)","page_number":47,"box":{"x":94,"y":409,"width":101,"height":11}},{"id":"6114ec8a-9753-4fae-a1cc-de7d3cbc785c","block_type":"box","text":"Sold HKD, Bought GBP 2,061 for settlement on","page_number":47,"box":{"x":230,"y":409,"width":356,"height":11}},{"id":"fd4f3495-ecf1-445b-a633-008a6368e996","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":423,"width":83,"height":9}},{"id":"e5596f26-f8ec-49db-af63-aaa797603367","block_type":"box","text":"(2)","page_number":47,"box":{"x":781,"y":423,"width":19,"height":11}},{"id":"3020e60f-2fbf-4433-84f6-dddbc1ae7d27","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":428,"width":9,"height":1}},{"id":"e1106344-3b6f-4b4f-9257-52d0177ab299","block_type":"box","text":"HKD (49)","page_number":47,"box":{"x":127,"y":438,"width":68,"height":12}},{"id":"204a13ff-ce34-40ae-bd13-2a7a87037122","block_type":"box","text":"Sold HKD, Bought GBP 5 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":438,"width":407,"height":12}},{"id":"0d8bbf50-029b-4ebc-8471-63e812bd07e9","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":444,"width":9,"height":0}},{"id":"885b6b72-9154-4a75-ba13-067f687db369","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":444,"width":9,"height":0}},{"id":"abca67ed-0abf-4453-81d0-d0417edbf3d3","block_type":"box","text":"HKD (597,163)","page_number":47,"box":{"x":85,"y":454,"width":110,"height":11}},{"id":"c3302255-bb72-4063-9cd1-f00905ebec13","block_type":"box","text":"Sold HKD, Bought GBP 57,701 for settlement on","page_number":47,"box":{"x":230,"y":454,"width":365,"height":11}},{"id":"a490e29e-9766-4e98-8d8c-4ea7ccdbfe19","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":468,"width":83,"height":9}},{"id":"ee81f350-f582-4694-9541-986e97fc8ab7","block_type":"box","text":"675","page_number":47,"box":{"x":773,"y":468,"width":26,"height":9}},{"id":"aeef9b1b-f533-46ab-bd83-cc95bea9154c","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":473,"width":9,"height":1}},{"id":"caeed202-f5ed-47d1-a28a-2fa74ed4ec02","block_type":"box","text":"HKD (60,205)","page_number":47,"box":{"x":94,"y":483,"width":101,"height":12}},{"id":"646b89dc-fce9-469e-aefe-6fcbd2b4bd6c","block_type":"box","text":"Sold HKD, Bought GBP 5,749 for settlement on","page_number":47,"box":{"x":230,"y":483,"width":356,"height":12}},{"id":"66f532d2-38bd-4c13-8e7c-80393ed41b2f","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":498,"width":83,"height":8}},{"id":"fad6268b-61a7-485a-9720-1aaecc43e5c4","block_type":"box","text":"(6)","page_number":47,"box":{"x":781,"y":498,"width":19,"height":11}},{"id":"cb6a8ccb-f337-46c2-b0c0-db9b10340625","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"529d7548-7678-455e-aa0d-7a00304db019","block_type":"box","text":"HKD (682,852)","page_number":47,"box":{"x":85,"y":513,"width":110,"height":11}},{"id":"64753c65-240e-444a-a8bd-dd6257eb0c18","block_type":"box","text":"Sold HKD, Bought GBP 65,943 for settlement on","page_number":47,"box":{"x":230,"y":513,"width":365,"height":11}},{"id":"784f3de1-7007-4bc5-bfa3-1e6f58857724","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"c156d4a1-7692-450d-ab87-6bf3d4053471","block_type":"box","text":"735","page_number":47,"box":{"x":773,"y":527,"width":26,"height":9}},{"id":"1d3c09ac-74be-45c7-a16a-0689a9cfdc05","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"3d151ecc-7c62-49b3-886e-77c1fc7289c5","block_type":"box","text":"HKD (2,007)","page_number":47,"box":{"x":104,"y":543,"width":91,"height":11}},{"id":"4eb145bc-c78c-467c-ad00-ce8f70f6db3f","block_type":"box","text":"Sold HKD, Bought GBP 194 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":543,"width":425,"height":11}},{"id":"5656c791-14b2-47e5-9ee8-25e49b6a694b","block_type":"box","text":"3","page_number":47,"box":{"x":792,"y":543,"width":7,"height":8}},{"id":"588ac551-bf92-49d9-8168-c05e94405e17","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":548,"width":9,"height":1}},{"id":"638f3e18-53a3-4ab0-a7e2-b1d7955bc7b1","block_type":"box","text":"HKD (10,127)","page_number":47,"box":{"x":94,"y":558,"width":101,"height":11}},{"id":"6b4a7308-9567-4fb7-b119-d63e972cd798","block_type":"box","text":"Sold HKD, Bought GBP 966 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":558,"width":425,"height":11}},{"id":"a7f51e20-29a3-4875-ad8d-e92598392924","block_type":"box","text":"(1)","page_number":47,"box":{"x":781,"y":558,"width":19,"height":11}},{"id":"66cf8729-3eba-4005-b311-3dbefab71a12","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":563,"width":9,"height":1}},{"id":"63a6f4fe-758b-4b3c-810c-6bca69518bed","block_type":"box","text":"HKD (501,698)","page_number":47,"box":{"x":85,"y":573,"width":110,"height":12}},{"id":"eb5e2f75-d87e-4491-9097-14c667f26686","block_type":"box","text":"Sold HKD, Bought GBP 47,908 for settlement on","page_number":47,"box":{"x":230,"y":573,"width":365,"height":12}},{"id":"68128fba-98c3-40fa-8c97-30559f0bc92e","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":588,"width":83,"height":8}},{"id":"761a3aa6-82ef-4eb5-a380-8f86c42cc8b4","block_type":"box","text":"(47)","page_number":47,"box":{"x":771,"y":588,"width":29,"height":11}},{"id":"93973485-c484-4374-a576-9e7dd81798d5","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":593,"width":9,"height":1}},{"id":"07fbe6ef-ba4b-412b-bc3c-fbe64ebc0575","block_type":"box","text":"HKD (77)","page_number":47,"box":{"x":127,"y":603,"width":68,"height":11}},{"id":"7a2e7951-e855-492b-8a8a-c5b56c9dc40d","block_type":"box","text":"Sold HKD, Bought GBP 7 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":603,"width":407,"height":11}},{"id":"ffdfc17d-6182-4739-9a21-a0f0823eb75b","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":608,"width":9,"height":1}},{"id":"91f45c0d-c57a-4da5-8ea7-a207479fe261","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":608,"width":9,"height":1}},{"id":"1767eaec-fa0a-4a48-b182-2877165f87a1","block_type":"box","text":"HKD (49,753)","page_number":47,"box":{"x":94,"y":618,"width":101,"height":12}},{"id":"113ac27b-4c98-4a84-a671-a46efbe9655f","block_type":"box","text":"Sold HKD, Bought GBP 4,751 for settlement on","page_number":47,"box":{"x":230,"y":618,"width":356,"height":12}},{"id":"4c763267-deac-49de-8670-a6263d76bb8c","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":633,"width":83,"height":8}},{"id":"5d22a236-c9c6-4d93-84cb-11e32fe6ade1","block_type":"box","text":"(5)","page_number":47,"box":{"x":781,"y":633,"width":19,"height":11}},{"id":"7418fcbc-2820-4385-901a-920b5ee51933","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":638,"width":9,"height":1}},{"id":"913f7c2b-7726-4bde-aea9-d7e82fd8e043","block_type":"box","text":"HKD (7,197)","page_number":47,"box":{"x":104,"y":648,"width":91,"height":11}},{"id":"9a7301e0-fb3d-410f-aaf3-ab436c56f262","block_type":"box","text":"Sold HKD, Bought GBP 698 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":648,"width":425,"height":11}},{"id":"0cee5500-41c3-4e6c-80eb-9426b049aefd","block_type":"box","text":"11","page_number":47,"box":{"x":785,"y":648,"width":12,"height":9}},{"id":"426fb8da-3002-4a1d-9e8e-d7c8125093af","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":653,"width":9,"height":1}},{"id":"9fb5ddef-e07e-4798-aa29-4fc371d3f7fd","block_type":"box","text":"HKD (12,732)","page_number":47,"box":{"x":94,"y":663,"width":101,"height":12}},{"id":"245b7e8c-6ce0-458a-9e22-e8918340b6cc","block_type":"box","text":"Sold HKD, Bought GBP 1,230 for settlement on","page_number":47,"box":{"x":230,"y":663,"width":356,"height":12}},{"id":"0da7f1a3-a7d7-442c-ba5d-ac2e2c614694","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":678,"width":83,"height":8}},{"id":"600ab3c2-dbd1-438c-915f-5279fe7f6dbf","block_type":"box","text":"14","page_number":47,"box":{"x":783,"y":678,"width":16,"height":8}},{"id":"f11a3a11-5450-4129-90a7-b161d9e94b7c","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":683,"width":9,"height":1}},{"id":"4dd0df2e-30db-43ef-b381-5cfaa11100c8","block_type":"box","text":"HKD (142,768)","page_number":47,"box":{"x":85,"y":693,"width":110,"height":11}},{"id":"bbb42a3c-ef60-4e88-a247-d0f99331665f","block_type":"box","text":"Sold HKD, Bought GBP 13,633 for settlement on","page_number":47,"box":{"x":230,"y":693,"width":360,"height":11}},{"id":"6648e176-748a-4d79-b153-99b9d972badd","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":707,"width":83,"height":9}},{"id":"1e1ce651-07ed-48ea-97b6-db5a9d3f65ef","block_type":"box","text":"(13)","page_number":47,"box":{"x":771,"y":707,"width":29,"height":11}},{"id":"7f296add-f131-41c5-9dc3-0e4c77130343","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":712,"width":9,"height":1}},{"id":"b2711c6a-f3a0-43e3-8317-93ea821e424c","block_type":"box","text":"JPY (238,672)","page_number":47,"box":{"x":89,"y":722,"width":106,"height":12}},{"id":"2f44d7ce-5a07-4fe4-83bc-4958ff54795e","block_type":"box","text":"Sold JPY, Bought GBP 1,109 for settlement on","page_number":47,"box":{"x":230,"y":722,"width":343,"height":12}},{"id":"c2b4bc9a-c282-43c0-9f32-0278345bf836","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":737,"width":83,"height":9}},{"id":"377d6561-c5e4-4a7c-bdd9-da74911f429d","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":742,"width":9,"height":1}},{"id":"307181ba-39e6-4db9-b856-cd35c49e8c0f","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":742,"width":9,"height":1}},{"id":"8509c2c7-7c44-4042-913a-87a47b24f7d3","block_type":"box","text":"JPY (7,252,026)","page_number":47,"box":{"x":75,"y":752,"width":120,"height":11}},{"id":"1d1f3d41-ddbb-46dd-ac61-9bb3225ffc0a","block_type":"box","text":"Sold JPY, Bought GBP 34,080 for settlement on","page_number":47,"box":{"x":230,"y":752,"width":353,"height":11}},{"id":"22d647ab-2c47-4c8f-a6b8-7121116d2ba6","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":766,"width":83,"height":9}},{"id":"607f56ea-0989-47d7-9c05-eba487c3ba0c","block_type":"box","text":"384","page_number":47,"box":{"x":773,"y":766,"width":26,"height":9}},{"id":"76e1d50b-c33c-42d0-b045-df12ce50cb53","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":772,"width":9,"height":0}},{"id":"55ab0daf-4c37-487e-be37-768303e350c7","block_type":"box","text":"JPY (5,083)","page_number":47,"box":{"x":108,"y":782,"width":87,"height":11}},{"id":"43d4190a-77c2-499a-adac-283706b5b75a","block_type":"box","text":"Sold JPY, Bought GBP 24 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":782,"width":409,"height":11}},{"id":"27c08154-fa3d-481f-b10e-e90740f75860","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":787,"width":9,"height":1}},{"id":"88f10197-baef-49a7-8e32-99b5d86da9e2","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":787,"width":9,"height":1}},{"id":"a75cd44a-46aa-48b5-80d3-a79a40644a02","block_type":"box","text":"JPY (154,617)","page_number":47,"box":{"x":89,"y":797,"width":106,"height":11}},{"id":"2553b91e-a006-45d9-8ae6-5ea196953fd2","block_type":"box","text":"Sold JPY, Bought GBP 727 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":797,"width":419,"height":11}},{"id":"ead161f7-0816-44c1-a179-81b278995bb7","block_type":"box","text":"8","page_number":47,"box":{"x":792,"y":797,"width":7,"height":9}},{"id":"7fcbf3b8-52aa-40f1-8b2f-aca96b686ea4","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":802,"width":9,"height":1}},{"id":"1fdf3f29-82eb-4333-801d-a5f13a988a76","block_type":"box","text":"JPY (74,102,888)","page_number":47,"box":{"x":66,"y":812,"width":129,"height":12}},{"id":"4e9dff79-b0cd-4656-b2fd-44856b998b99","block_type":"box","text":"Sold JPY, Bought GBP 348,240 for settlement on","page_number":47,"box":{"x":230,"y":812,"width":362,"height":12}},{"id":"dc26813d-be33-44ba-a171-4da8bd421203","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":827,"width":83,"height":9}},{"id":"e8f1e69e-10bd-4798-85d4-f22a639e04c5","block_type":"box","text":"3,920","page_number":47,"box":{"x":759,"y":827,"width":40,"height":10}},{"id":"831db9ce-6e39-4d1d-a5f0-b98c1c4d76bd","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":832,"width":9,"height":1}},{"id":"af3a515f-df75-4ffb-9af7-8840c944fc4a","block_type":"box","text":"JPY (4,535)","page_number":47,"box":{"x":108,"y":842,"width":87,"height":11}},{"id":"d9eab48c-5848-4684-86da-0a0c74e5445b","block_type":"box","text":"Sold JPY, Bought GBP 21 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":842,"width":409,"height":11}},{"id":"589b9041-c9e7-420a-b221-ca747c402c01","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":847,"width":9,"height":1}},{"id":"55051aa5-23ac-4540-8aad-769a92f0fa9b","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":847,"width":9,"height":1}},{"id":"c47ed822-b0cd-4e59-a620-74786d98516d","block_type":"box","text":"JPY (29,983)","page_number":47,"box":{"x":98,"y":857,"width":97,"height":12}},{"id":"fd7966bf-8a31-4b7e-a250-6924203a3baf","block_type":"box","text":"Sold JPY, Bought GBP 141 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":857,"width":419,"height":12}},{"id":"fa9d21f1-6c79-4cd0-b5b0-b23a42c0138d","block_type":"box","text":"2","page_number":47,"box":{"x":791,"y":858,"width":8,"height":8}},{"id":"c82b30d6-f98d-40ff-8b30-f45d8cf1e781","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":863,"width":9,"height":1}},{"id":"9b1a9ad1-cd70-4083-b373-99dea851b93c","block_type":"box","text":"JPY (31,295,061)","page_number":47,"box":{"x":66,"y":873,"width":129,"height":11}},{"id":"973c0411-91f6-4532-b638-b05f57da5c9e","block_type":"box","text":"Sold JPY, Bought GBP 147,068 for settlement on","page_number":47,"box":{"x":230,"y":873,"width":368,"height":11}},{"id":"02782dca-6b30-4b12-a953-3e154968faf8","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":887,"width":83,"height":9}},{"id":"ddb038d6-7487-4a01-9e28-a38a8a6abb56","block_type":"box","text":"1,656","page_number":47,"box":{"x":760,"y":887,"width":39,"height":11}},{"id":"ad4089c3-fe22-4656-8d53-507c7c27cd7a","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":892,"width":9,"height":1}},{"id":"60d73f01-fb01-40ff-82a1-a6a16c6f9d48","block_type":"box","text":"JPY (1,029,384)","page_number":47,"box":{"x":75,"y":902,"width":120,"height":12}},{"id":"54669465-70e5-45f4-9aa6-f3b59e1dcf2a","block_type":"box","text":"Sold JPY, Bought GBP 4,782 for settlement on","page_number":47,"box":{"x":230,"y":902,"width":349,"height":12}},{"id":"3fe7793d-7067-4fa7-b1e9-68fbbe1904c3","block_type":"box","text":"24/07/2026","page_number":47,"box":{"x":229,"y":917,"width":83,"height":9}},{"id":"b648c75f-a783-4710-85af-980ed2a76bcf","block_type":"box","text":"(1)","page_number":47,"box":{"x":781,"y":917,"width":19,"height":11}},{"id":"02d84467-a335-4928-9f15-dfcaa5fca8a4","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":922,"width":9,"height":1}},{"id":"8a94d3b9-b4fb-4e04-b2ab-cb2e7ed339ca","block_type":"box","text":"JPY (986)","page_number":47,"box":{"x":122,"y":932,"width":73,"height":11}},{"id":"55879c45-f529-45e5-9031-b5063bd7b59e","block_type":"box","text":"Sold JPY, Bought GBP 5 for settlement on 24/07/2026","page_number":47,"box":{"x":230,"y":932,"width":400,"height":11}},{"id":"edfcf46f-6ad5-4e6e-b5b0-461e01ba5ae6","block_type":"box","text":"–","page_number":47,"box":{"x":791,"y":937,"width":9,"height":1}},{"id":"5e6bf2c0-c877-42df-b68d-63a6bb10a9fa","block_type":"box","text":"–","page_number":47,"box":{"x":948,"y":937,"width":9,"height":1}},{"id":"aa1d7213-80c4-4eca-af58-2b0243bf17c7","block_type":"box","text":"47","page_number":48,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"3d4f9059-95fa-4c14-80cc-22da91e2681a","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":48,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"a56bdced-6b2a-4cb8-8c2a-44df2bba10cb","block_type":"box","text":"Portfolio Statement (continued)","page_number":48,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"b7f19fbc-7dfe-4869-8186-7322c9f52c6c","block_type":"box","text":"Holding","page_number":48,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"7338b92d-6fc2-42c7-8920-1b9240a6edff","block_type":"box","text":"Investment","page_number":48,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"1d22f4f8-e475-4182-8769-5539819c8e62","block_type":"box","text":"Market","page_number":48,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"2b1493e8-1691-4632-8df5-34a2d3803ceb","block_type":"box","text":"Value","page_number":48,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"f1241142-a68b-487c-95b3-d022f2c04910","block_type":"box","text":"£","page_number":48,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"87ff3d6b-2dc6-4605-b610-1c70b754383c","block_type":"box","text":"% of","page_number":48,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"85ae9473-0a4d-4e72-bb41-c161604cbed5","block_type":"box","text":"Net Assets","page_number":48,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"5be027f8-68a8-4b35-8d7c-3c77a65df30f","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":48,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"64d7869b-e63e-4466-aa3a-1c04a6215a50","block_type":"box","text":"JPY (320,686)","page_number":48,"box":{"x":89,"y":183,"width":106,"height":11}},{"id":"a22d60a9-f598-4fb6-b265-e130fc8c5d77","block_type":"box","text":"Sold JPY, Bought GBP 1,507 for settlement on","page_number":48,"box":{"x":230,"y":183,"width":349,"height":11}},{"id":"06e18e9e-0c77-44d0-be20-c895c398212d","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"0bae680c-a7fb-4888-845f-92f8c5acd673","block_type":"box","text":"17","page_number":48,"box":{"x":783,"y":197,"width":16,"height":9}},{"id":"fdabe97a-dbc2-4d23-9317-11dcc7b17885","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"14ce9f1b-70b3-4e7b-a766-6e10589d2743","block_type":"box","text":"JPY (2,447,844)","page_number":48,"box":{"x":75,"y":212,"width":120,"height":12}},{"id":"570d8913-1081-4368-957f-e92f397f937c","block_type":"box","text":"Sold JPY, Bought GBP 11,371 for settlement on","page_number":48,"box":{"x":230,"y":212,"width":357,"height":12}},{"id":"a2c91dc0-211c-40ba-b25d-eb1687261a06","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"f7422de7-7175-4394-8520-27e3ab8ce221","block_type":"box","text":"(3)","page_number":48,"box":{"x":781,"y":227,"width":19,"height":11}},{"id":"eb466c7c-6410-4546-8632-921071279e45","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"5b72a456-e3df-4787-9d2f-6993dd401911","block_type":"box","text":"JPY (226)","page_number":48,"box":{"x":122,"y":242,"width":73,"height":11}},{"id":"047b9c16-0c3b-4743-970b-ae2434d831a3","block_type":"box","text":"Sold JPY, Bought GBP 1 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":242,"width":400,"height":11}},{"id":"974aee00-bcfb-4022-81b0-f0c3e00bc8a4","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":247,"width":9,"height":1}},{"id":"4afe448f-741e-4c5b-b20f-478423770379","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"8361ab70-cb18-46b8-9a25-3e8b36afb153","block_type":"box","text":"JPY (260)","page_number":48,"box":{"x":122,"y":257,"width":73,"height":12}},{"id":"52d27d34-9f19-41d8-a9ae-05cdc3e3e2f3","block_type":"box","text":"Sold JPY, Bought GBP 1 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":257,"width":400,"height":12}},{"id":"adf43724-4c94-4498-a7db-fefefe72d90b","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"705fbf1d-fed3-436e-b894-2c098a49c28f","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"55cd481c-d055-44b0-b8a1-589c0909c9ed","block_type":"box","text":"JPY (26,512,610)","page_number":48,"box":{"x":66,"y":273,"width":129,"height":11}},{"id":"d26d5fb7-80ff-479f-8acc-cd9203f54722","block_type":"box","text":"Sold JPY, Bought GBP 124,594 for settlement on","page_number":48,"box":{"x":230,"y":273,"width":368,"height":11}},{"id":"4d308241-ddf3-4995-ac3b-53e3763bcc43","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"44c1df31-39a5-412e-9a90-5555c83ea6c0","block_type":"box","text":"1,403","page_number":48,"box":{"x":760,"y":287,"width":39,"height":10}},{"id":"890f0b77-1b09-4d3f-aaee-b48bf72d0a52","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"560e6b84-5234-42f4-8afb-5716805618b4","block_type":"box","text":"JPY (497)","page_number":48,"box":{"x":122,"y":302,"width":73,"height":12}},{"id":"3f7c83e8-1b9c-4527-a21f-e2fa4d23749b","block_type":"box","text":"Sold JPY, Bought GBP 2 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":302,"width":400,"height":12}},{"id":"68069ee0-f7ee-40c8-b3a8-f39494f56030","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":308,"width":9,"height":0}},{"id":"0645d26a-d736-4e10-9dcd-a3e51fe3cebd","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"ac42a3ac-f2a1-488a-ac02-437eceba89cf","block_type":"box","text":"JPY (21,087)","page_number":48,"box":{"x":98,"y":318,"width":97,"height":11}},{"id":"74564e98-75ad-41d5-bd46-33acfd79d848","block_type":"box","text":"Sold JPY, Bought GBP 99 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":318,"width":409,"height":11}},{"id":"7c459917-80b4-4619-8543-546c11a3b2a4","block_type":"box","text":"1","page_number":48,"box":{"x":793,"y":318,"width":4,"height":8}},{"id":"7c3c888f-98e0-44cb-b8fe-3df5b2b1e572","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"ee1eb3ca-ef8e-48bb-a7be-f279864b3a8b","block_type":"box","text":"JPY (4,584)","page_number":48,"box":{"x":108,"y":333,"width":87,"height":11}},{"id":"f95690c0-ad46-4440-856b-2e65432c1c5d","block_type":"box","text":"Sold JPY, Bought GBP 22 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":333,"width":409,"height":11}},{"id":"45eab171-97eb-4574-91f2-5a5229275b11","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":338,"width":9,"height":1}},{"id":"736063e3-8dc2-4af0-80a9-cc06e4d6a3e6","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":338,"width":9,"height":1}},{"id":"494c3c29-a6dc-4e8e-a3fa-198a72966980","block_type":"box","text":"JPY (75,985)","page_number":48,"box":{"x":98,"y":348,"width":97,"height":12}},{"id":"d0474a7d-4543-4af0-8b94-effe109246d1","block_type":"box","text":"Sold JPY, Bought GBP 358 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":348,"width":419,"height":12}},{"id":"9ab4b5d6-4e69-4b1a-ad96-2b755d0f233a","block_type":"box","text":"5","page_number":48,"box":{"x":792,"y":349,"width":7,"height":8}},{"id":"654be282-eb14-4c99-9ff8-ace18535bb4e","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":354,"width":9,"height":0}},{"id":"f14f8ee7-2248-4e0c-be01-1e27781f307d","block_type":"box","text":"JPY (10,780)","page_number":48,"box":{"x":98,"y":364,"width":97,"height":11}},{"id":"30b46fd0-4b47-451f-bd8c-1c471bb283c2","block_type":"box","text":"Sold JPY, Bought GBP 50 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":364,"width":409,"height":11}},{"id":"bbd6023a-e4f7-4dd1-9ab2-f876a59c39ee","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":369,"width":9,"height":1}},{"id":"8048358a-f8a2-4f7a-870a-f17b30fc17f5","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":369,"width":9,"height":1}},{"id":"beb9c199-2334-4d47-9c96-a0c1fd8db284","block_type":"box","text":"JPY (167)","page_number":48,"box":{"x":122,"y":379,"width":73,"height":11}},{"id":"1bb8e8d8-a337-47d6-ac5d-9a86b2d9b30e","block_type":"box","text":"Sold JPY, Bought GBP 1 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":379,"width":400,"height":11}},{"id":"9a7c1617-0d9c-4285-bc7a-c52a4adb7bf3","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":384,"width":9,"height":1}},{"id":"d45632b0-1453-4096-9ff8-b18e7ba9eedc","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":384,"width":9,"height":1}},{"id":"9275c59d-554b-45b6-9ff4-0778ccbcce49","block_type":"box","text":"JPY (5,630,109)","page_number":48,"box":{"x":75,"y":394,"width":120,"height":12}},{"id":"ef032d0d-b3ae-4cef-b6d2-aeca00baed92","block_type":"box","text":"Sold JPY, Bought GBP 26,458 for settlement on","page_number":48,"box":{"x":230,"y":394,"width":359,"height":12}},{"id":"3f4dec80-4bfc-4edd-9a8c-2b0d721d9980","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":409,"width":83,"height":9}},{"id":"39469fd9-0007-4ead-aeea-48f030a5586c","block_type":"box","text":"298","page_number":48,"box":{"x":773,"y":409,"width":26,"height":9}},{"id":"9748bf87-06e2-42c8-9248-a43967726994","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":414,"width":9,"height":1}},{"id":"1ea8fae9-0cb4-4793-b6ba-a1fdf6094bc7","block_type":"box","text":"JPY (107,563)","page_number":48,"box":{"x":89,"y":424,"width":106,"height":11}},{"id":"6909eb78-1226-4c87-a7da-15578685d35f","block_type":"box","text":"Sold JPY, Bought GBP 501 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":424,"width":419,"height":11}},{"id":"e87d04da-bccd-49c7-bd55-a8291b24d1ef","block_type":"box","text":"1","page_number":48,"box":{"x":793,"y":424,"width":4,"height":9}},{"id":"22ab5b23-2644-487c-907e-c5ac8856a8d5","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":429,"width":9,"height":1}},{"id":"3fd90ec5-f944-4e39-8d6a-e48aa5a9b4e6","block_type":"box","text":"JPY (44,144)","page_number":48,"box":{"x":98,"y":439,"width":97,"height":12}},{"id":"6f686f3d-6e5b-4862-ad62-a1baf22323f6","block_type":"box","text":"Sold JPY, Bought GBP 205 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":439,"width":419,"height":12}},{"id":"c3e835b3-ddb8-4004-b0e1-139e9af3481c","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":445,"width":9,"height":1}},{"id":"741abf08-a822-4160-84f8-9ad31f1bbe37","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":445,"width":9,"height":1}},{"id":"a5e39772-fd7b-4e9a-9b58-d3cfae2b0634","block_type":"box","text":"JPY (8,678,837)","page_number":48,"box":{"x":75,"y":455,"width":120,"height":11}},{"id":"04196370-b0d9-478e-afd0-c0620152ab89","block_type":"box","text":"Sold JPY, Bought GBP 40,314 for settlement on","page_number":48,"box":{"x":230,"y":455,"width":359,"height":11}},{"id":"9019e99e-24ac-447a-bf33-770eb56ee1fb","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":469,"width":83,"height":9}},{"id":"f4539803-23c9-48cf-9604-e4655d13014d","block_type":"box","text":"(12)","page_number":48,"box":{"x":771,"y":469,"width":29,"height":11}},{"id":"692f8960-7308-4a89-b6b1-1f897aaa3b63","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":474,"width":9,"height":1}},{"id":"4afd386f-576a-46e6-8432-4ea21c205247","block_type":"box","text":"JPY (11,149)","page_number":48,"box":{"x":100,"y":484,"width":95,"height":12}},{"id":"3dd145f9-b1dc-49e9-868a-57b07ee8b976","block_type":"box","text":"Sold JPY, Bought GBP 52 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":484,"width":409,"height":12}},{"id":"3e0f2081-4261-4ab3-bfc5-afa5a6f5559a","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":490,"width":9,"height":1}},{"id":"417ca50a-8c6f-4757-b942-630300df1c18","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":490,"width":9,"height":1}},{"id":"3cb2dc06-af66-4e8f-95c4-2fdd2a18bf0a","block_type":"box","text":"JPY (11,325,094)","page_number":48,"box":{"x":67,"y":500,"width":128,"height":11}},{"id":"ad305173-3bc4-42ae-a65a-186941bf2324","block_type":"box","text":"Sold JPY, Bought GBP 53,221 for settlement on","page_number":48,"box":{"x":230,"y":500,"width":359,"height":11}},{"id":"114c5c50-92c8-44c5-be36-d6997b095cd0","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":514,"width":83,"height":9}},{"id":"a19db5a8-8742-451f-9a1b-1af5de82e247","block_type":"box","text":"599","page_number":48,"box":{"x":773,"y":514,"width":26,"height":9}},{"id":"c3eb3015-a1fc-48e0-894f-5a1a2444aa7f","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":519,"width":9,"height":1}},{"id":"426a62e6-1b6a-406b-a834-c0825ae197c7","block_type":"box","text":"JPY (867,662)","page_number":48,"box":{"x":89,"y":529,"width":106,"height":12}},{"id":"3f6494d1-ddde-4ed9-b810-643f191a1ea6","block_type":"box","text":"Sold JPY, Bought GBP 4,030 for settlement on","page_number":48,"box":{"x":230,"y":529,"width":349,"height":12}},{"id":"35bff9e7-df1a-4077-838e-b89dc7efee94","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":544,"width":83,"height":9}},{"id":"4ecc39b1-41e6-4076-b97e-2ad2fff3f3d1","block_type":"box","text":"(1)","page_number":48,"box":{"x":781,"y":544,"width":19,"height":11}},{"id":"6379508d-1c23-42b1-92e4-216d7d6e83dc","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":549,"width":9,"height":1}},{"id":"9e29c30a-e922-4b90-a9b3-1de42ddb519f","block_type":"box","text":"JPY (81)","page_number":48,"box":{"x":131,"y":559,"width":64,"height":11}},{"id":"fa6dd01e-c36b-432f-8f74-691c7e51300f","block_type":"box","text":"Sold JPY, Bought GBP – for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":559,"width":400,"height":11}},{"id":"39bea3de-1612-4dfd-8b22-2ca6481da327","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":564,"width":9,"height":1}},{"id":"143580df-fc44-49fb-af17-7985778829b4","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":564,"width":9,"height":1}},{"id":"ee6cc663-8c16-4e59-befa-df687a4cfcb1","block_type":"box","text":"JPY (372,183)","page_number":48,"box":{"x":89,"y":574,"width":106,"height":12}},{"id":"178c2986-3d7d-4bd2-8f7d-a07e279c7cb3","block_type":"box","text":"Sold JPY, Bought GBP 1,729 for settlement on","page_number":48,"box":{"x":230,"y":574,"width":349,"height":12}},{"id":"4322e01e-5d54-4a31-84ee-1c2d74b3d2ff","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":589,"width":83,"height":9}},{"id":"54cbea5c-296e-4a05-b664-3f758bd6312a","block_type":"box","text":"(1)","page_number":48,"box":{"x":781,"y":589,"width":19,"height":11}},{"id":"41be2239-19f6-4f4e-aeca-f692f225f40d","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":594,"width":9,"height":1}},{"id":"ad8e9002-8db7-4fce-bf55-f9150588bbdf","block_type":"box","text":"JPY (266,770,277)","page_number":48,"box":{"x":56,"y":604,"width":139,"height":11}},{"id":"c2077847-ddb2-4874-89ee-f1cfa52e3634","block_type":"box","text":"Sold JPY, Bought GBP 1,253,662 for settlement on","page_number":48,"box":{"x":230,"y":604,"width":382,"height":11}},{"id":"9050426a-ee12-424f-8bc7-9a789acd4277","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":618,"width":83,"height":9}},{"id":"3c3eb673-1ed7-48f9-b4fe-47dae5847879","block_type":"box","text":"14,113","page_number":48,"box":{"x":752,"y":618,"width":47,"height":11}},{"id":"4514641d-4709-436a-9a57-aac1340cb91b","block_type":"box","text":"0.01","page_number":48,"box":{"x":925,"y":619,"width":29,"height":8}},{"id":"5d4fedc0-18b2-4d1f-bee2-051c9e875609","block_type":"box","text":"JPY (185,142)","page_number":48,"box":{"x":89,"y":634,"width":106,"height":11}},{"id":"add0526f-61ff-43d4-aebf-930eceda604c","block_type":"box","text":"Sold JPY, Bought GBP 860 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":634,"width":419,"height":11}},{"id":"56d3557c-3323-47ad-b1ca-de6307843807","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":639,"width":9,"height":1}},{"id":"aaddc582-a274-4bf6-8537-83edec6574c4","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":639,"width":9,"height":1}},{"id":"15197231-2d9e-4107-9641-d1f85bc40a7e","block_type":"box","text":"JPY (53)","page_number":48,"box":{"x":131,"y":649,"width":64,"height":11}},{"id":"c0ce901e-b4d2-4acd-bd9c-0c11439596a3","block_type":"box","text":"Sold JPY, Bought GBP – for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":649,"width":400,"height":11}},{"id":"c38775cf-287d-4723-8316-928912d77d0c","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":654,"width":9,"height":1}},{"id":"5eaadf80-ac33-492b-a93e-3bd978960b0e","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":654,"width":9,"height":1}},{"id":"dc109a46-b84c-4e97-b600-851002795b9a","block_type":"box","text":"JPY (68)","page_number":48,"box":{"x":131,"y":664,"width":64,"height":12}},{"id":"478601a0-b4a6-4939-8c7e-683492757814","block_type":"box","text":"Sold JPY, Bought GBP – for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":664,"width":400,"height":12}},{"id":"e367cff7-700a-4ed5-a7f0-dba737c3d3cc","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":670,"width":9,"height":0}},{"id":"0f25f435-860c-4fce-9776-46308625d5cb","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":670,"width":9,"height":0}},{"id":"8468b2f6-8587-4be9-83e5-5a8769b2ad32","block_type":"box","text":"JPY (3,580)","page_number":48,"box":{"x":108,"y":680,"width":87,"height":11}},{"id":"3a8f3f45-5fc9-4fa2-9b10-590baebec8eb","block_type":"box","text":"Sold JPY, Bought GBP 17 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":680,"width":409,"height":11}},{"id":"3952bd93-1b39-4410-ab9f-6a4e2afb2eb4","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":685,"width":9,"height":1}},{"id":"a46a257f-099f-41c8-a382-eadc512addfb","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":685,"width":9,"height":1}},{"id":"3559cd54-590e-423a-b86e-3fdc80e2b5f4","block_type":"box","text":"SGD (58)","page_number":48,"box":{"x":125,"y":695,"width":70,"height":11}},{"id":"6f7e5273-d821-45d8-b00e-86ce5e1eec4a","block_type":"box","text":"Sold SGD, Bought GBP 34 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":695,"width":417,"height":11}},{"id":"afc5d7a3-52ff-4cd9-93a6-8a9861212d17","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":700,"width":9,"height":1}},{"id":"ff657818-07ed-4f32-a32c-977781567ba8","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":700,"width":9,"height":1}},{"id":"698df5b8-90fc-4f2c-a97f-2b795ca67404","block_type":"box","text":"SGD (518,824)","page_number":48,"box":{"x":83,"y":710,"width":112,"height":12}},{"id":"f59b92b4-f26b-4fb5-b6c2-12bf69ff1420","block_type":"box","text":"Sold SGD, Bought GBP 304,262 for settlement on","page_number":48,"box":{"x":230,"y":710,"width":370,"height":12}},{"id":"58b29bcf-45d2-4b5a-85ea-04fb15fc16d7","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":725,"width":83,"height":9}},{"id":"550d5978-b825-4099-9c28-17145d2682fc","block_type":"box","text":"3,240","page_number":48,"box":{"x":759,"y":725,"width":40,"height":10}},{"id":"af024a0b-6ea3-4e77-ae60-924511470ffb","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":730,"width":9,"height":1}},{"id":"9d6fffae-9029-4cb7-8b14-bbf20434c357","block_type":"box","text":"SGD (60,864)","page_number":48,"box":{"x":93,"y":740,"width":102,"height":11}},{"id":"a8c90546-ccbe-479c-9af0-ff00e41b4ec0","block_type":"box","text":"Sold SGD, Bought GBP 35,693 for settlement on","page_number":48,"box":{"x":230,"y":740,"width":361,"height":11}},{"id":"f6ab1855-5dad-4e67-a81e-7bfcd2543882","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":754,"width":83,"height":9}},{"id":"40955703-00c5-4daa-9d0d-d918892339a6","block_type":"box","text":"380","page_number":48,"box":{"x":773,"y":754,"width":26,"height":9}},{"id":"8e15449f-3b8e-4f2e-9fa7-11c7406ed139","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":760,"width":9,"height":0}},{"id":"42cae08c-d11c-44e7-a558-bb51f83b49ff","block_type":"box","text":"SGD 0","page_number":48,"box":{"x":146,"y":770,"width":49,"height":9}},{"id":"bef3740b-af1d-4f2d-85c5-8c89aa944fa2","block_type":"box","text":"Sold SGD, Bought GBP – for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":770,"width":408,"height":11}},{"id":"1387d2d0-6ee3-4892-997a-1165aa7688ea","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":775,"width":9,"height":1}},{"id":"5d202b5c-26e4-415d-80bc-d738c242d805","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":775,"width":9,"height":1}},{"id":"4d13db4f-5f60-49e8-a784-b7ead7bdfe34","block_type":"box","text":"SGD (22,025)","page_number":48,"box":{"x":93,"y":785,"width":102,"height":11}},{"id":"ccb03e3e-27f2-4826-94df-6181149eb91f","block_type":"box","text":"Sold SGD, Bought GBP 12,917 for settlement on","page_number":48,"box":{"x":230,"y":785,"width":361,"height":11}},{"id":"a6c32451-584b-4445-9e59-4043a6d37ba5","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":799,"width":83,"height":9}},{"id":"5ad604c9-d734-4eb7-b205-657c4afb5eff","block_type":"box","text":"138","page_number":48,"box":{"x":774,"y":799,"width":25,"height":9}},{"id":"50c59899-817f-4de5-ba0c-4f55eea2959c","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":805,"width":9,"height":0}},{"id":"2d69536f-2237-40b4-95c2-c453b35aa9aa","block_type":"box","text":"SGD (51,563)","page_number":48,"box":{"x":93,"y":815,"width":102,"height":11}},{"id":"c886610a-135d-40da-93c2-7871a8d1b88f","block_type":"box","text":"Sold SGD, Bought GBP 30,239 for settlement on","page_number":48,"box":{"x":230,"y":815,"width":361,"height":11}},{"id":"8ac46622-1125-4d4d-bc95-e9b5a88f6bb7","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":829,"width":83,"height":9}},{"id":"2bb3f3dc-18d4-416e-8dc5-ddf657eb46cc","block_type":"box","text":"322","page_number":48,"box":{"x":773,"y":829,"width":26,"height":9}},{"id":"36c36f9e-f235-46ed-bfce-15205cce5f98","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":834,"width":9,"height":1}},{"id":"91782542-6a72-4559-af66-6770c201385e","block_type":"box","text":"SGD 0","page_number":48,"box":{"x":146,"y":844,"width":49,"height":9}},{"id":"d07fc364-eddc-4fb1-a33e-a6414bb0acfc","block_type":"box","text":"Sold SGD, Bought GBP – for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":844,"width":408,"height":12}},{"id":"a43303af-6790-4889-a251-89ec219beec6","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":850,"width":9,"height":0}},{"id":"ff540171-b595-4609-8251-f854160668fb","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":850,"width":9,"height":0}},{"id":"6c892be7-8213-45b2-8f9f-3ef2f389ba99","block_type":"box","text":"SGD (14,104)","page_number":48,"box":{"x":93,"y":860,"width":102,"height":11}},{"id":"506e6f9a-8be4-4535-9c1d-6954ee82da98","block_type":"box","text":"Sold SGD, Bought GBP 8,271 for settlement on","page_number":48,"box":{"x":230,"y":860,"width":357,"height":11}},{"id":"578eec86-4bd1-4c85-9d88-1c87225a9322","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":874,"width":83,"height":9}},{"id":"71d3bbb6-25d3-40b4-95cb-d2b3c79dfb5a","block_type":"box","text":"88","page_number":48,"box":{"x":782,"y":874,"width":17,"height":9}},{"id":"8436df5d-6276-4188-a5f3-2f4a883302a3","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":879,"width":9,"height":1}},{"id":"b6f00252-0b9b-4424-8d29-0620ffff6d54","block_type":"box","text":"SGD (301)","page_number":48,"box":{"x":116,"y":889,"width":79,"height":12}},{"id":"4335ec4e-01c4-4fe6-bd46-4b453fd1f2a5","block_type":"box","text":"Sold SGD, Bought GBP 176 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":889,"width":426,"height":12}},{"id":"3d668524-92ae-4bd3-ae2b-8639c4360f2a","block_type":"box","text":"2","page_number":48,"box":{"x":791,"y":889,"width":8,"height":9}},{"id":"2c8f060b-f627-48cc-b4c2-518ee6639d94","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":895,"width":9,"height":0}},{"id":"74efe68a-b49b-4e6e-8227-4e45f33b1829","block_type":"box","text":"SGD (144,118)","page_number":48,"box":{"x":85,"y":905,"width":110,"height":11}},{"id":"1b0f71d8-0a5e-4651-b263-6fc272f3c108","block_type":"box","text":"Sold SGD, Bought GBP 84,517 for settlement on","page_number":48,"box":{"x":230,"y":905,"width":366,"height":11}},{"id":"9cd94241-dc56-412b-bea9-4d7f22761333","block_type":"box","text":"24/07/2026","page_number":48,"box":{"x":229,"y":919,"width":83,"height":9}},{"id":"97c9f0ef-5eaf-4534-a66c-278d8c4440e4","block_type":"box","text":"900","page_number":48,"box":{"x":773,"y":919,"width":26,"height":9}},{"id":"0a3f8e70-9e4a-40bd-958e-47bd2dad607b","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":924,"width":9,"height":1}},{"id":"b80323c4-88c6-41f9-8a1b-1005def93e86","block_type":"box","text":"SGD (21)","page_number":48,"box":{"x":125,"y":934,"width":70,"height":12}},{"id":"603d24be-4507-49d9-b1af-5bd3b8539c6c","block_type":"box","text":"Sold SGD, Bought GBP 12 for settlement on 24/07/2026","page_number":48,"box":{"x":230,"y":934,"width":417,"height":12}},{"id":"cea9af47-1cf6-498f-97c6-9953ac9a0daf","block_type":"box","text":"–","page_number":48,"box":{"x":791,"y":939,"width":9,"height":1}},{"id":"963b4575-d078-4131-9bed-facbdeb3b1b5","block_type":"box","text":"–","page_number":48,"box":{"x":948,"y":939,"width":9,"height":1}},{"id":"920d7f50-1c89-40a7-981b-f54fc48ba7d9","block_type":"box","text":"48","page_number":49,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"875d922d-d80a-4638-b8cd-f300be576425","block_type":"box","text":"49","page_number":49,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"09c81bdf-9976-480e-93b4-1aa97073489c","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":49,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"5a0c43f3-989a-4eaa-b7de-ef2e5fd8d55a","block_type":"box","text":"Portfolio Statement (continued)","page_number":49,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"328cc826-2582-4542-8564-fa41fda99982","block_type":"box","text":"Holding","page_number":49,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"2761e34b-1241-4374-9ff3-c115b79773d9","block_type":"box","text":"Investment","page_number":49,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"e7aa9a4c-63e7-485f-bbae-0ba84297070c","block_type":"box","text":"Market","page_number":49,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"3fc7df8a-a81a-443d-a0ff-2796badbd5b8","block_type":"box","text":"Value","page_number":49,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"4558d03c-fd28-4b21-b4fc-d893cbf05fad","block_type":"box","text":"£","page_number":49,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"079584c6-ff6d-428e-8861-d35a2034f034","block_type":"box","text":"% of","page_number":49,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"9f7ab191-762b-4ce1-b721-d4b1f5930a47","block_type":"box","text":"Net Assets","page_number":49,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"8abeeabb-7e8f-4840-8a9b-c22e7452177d","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":49,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"a77ff7f9-a918-4983-a6e2-7f5e6eb41daa","block_type":"box","text":"SGD (10,950)","page_number":49,"box":{"x":93,"y":183,"width":102,"height":11}},{"id":"207efb65-f08a-41e7-a542-717c731a70cf","block_type":"box","text":"Sold SGD, Bought GBP 6,421 for settlement on","page_number":49,"box":{"x":230,"y":183,"width":357,"height":11}},{"id":"fbb0da30-77e3-4e4b-b7d6-824c6cdee206","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"18983c74-11e4-49d3-aeee-b0467fbf014e","block_type":"box","text":"68","page_number":49,"box":{"x":782,"y":197,"width":17,"height":9}},{"id":"214dc88e-5bd7-44fc-987f-3fc712604485","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"91b79750-0272-4046-9d46-79ed29ebb67e","block_type":"box","text":"USD (132,972)","page_number":49,"box":{"x":85,"y":212,"width":110,"height":12}},{"id":"632bda46-81dd-4fa5-bfa1-d20bcb097b98","block_type":"box","text":"Sold USD, Bought GBP 99,538 for settlement on","page_number":49,"box":{"x":230,"y":212,"width":365,"height":12}},{"id":"05242924-d11e-41c2-825e-95ca91ed2cba","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"06d8659c-3db9-40ec-bbaa-da82e24b0911","block_type":"box","text":"(42)","page_number":49,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"724137d5-83cb-4eec-80c9-136d163b550d","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"b37f53f3-702f-4867-b6bc-76abd870ca1b","block_type":"box","text":"USD (10,827)","page_number":49,"box":{"x":94,"y":242,"width":101,"height":11}},{"id":"c3f2c714-15e7-43bf-b710-d3734eb1d380","block_type":"box","text":"Sold USD, Bought GBP 8,225 for settlement on","page_number":49,"box":{"x":230,"y":242,"width":356,"height":11}},{"id":"0fa0b86d-b087-4bb3-af3f-a3d8197b9fa3","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"bdb2cfd9-25d8-4eb0-a742-d4131e1619df","block_type":"box","text":"119","page_number":49,"box":{"x":775,"y":256,"width":24,"height":9}},{"id":"681e0762-56fe-46ed-9ab8-2275b752ebea","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"67c0559b-e91f-41df-942a-9f5dfbc2f15d","block_type":"box","text":"USD (1,012,757)","page_number":49,"box":{"x":71,"y":272,"width":124,"height":11}},{"id":"570014c7-3059-4276-82e5-182fdee8ae25","block_type":"box","text":"Sold USD, Bought GBP 766,192 for settlement on","page_number":49,"box":{"x":230,"y":272,"width":375,"height":11}},{"id":"d0774bb3-9d33-4866-b13d-e73ab16d4714","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"ff4eb437-f874-4d62-ab8c-f1ec53f06ab3","block_type":"box","text":"7,994","page_number":49,"box":{"x":759,"y":286,"width":40,"height":10}},{"id":"990f46e1-706b-4019-8f67-246e7df687d1","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"fbff68f3-4c3b-40ef-a633-71ed17c8ecc4","block_type":"box","text":"USD (110,988)","page_number":49,"box":{"x":86,"y":301,"width":109,"height":11}},{"id":"82552f2b-7423-42f4-a8ad-30613734e692","block_type":"box","text":"Sold USD, Bought GBP 83,081 for settlement on","page_number":49,"box":{"x":230,"y":301,"width":365,"height":11}},{"id":"6fda6434-80a0-45a0-97b2-a464c37b2d32","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"b2d0017e-90f1-45a5-8a4a-ca1ab32e1cee","block_type":"box","text":"(35)","page_number":49,"box":{"x":771,"y":315,"width":29,"height":12}},{"id":"50dc1eb0-d2b9-4d0f-bc3b-59a05f59e14f","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"2457202a-7f83-4e38-a190-10f04605d10b","block_type":"box","text":"USD (23,910)","page_number":49,"box":{"x":94,"y":331,"width":101,"height":11}},{"id":"aaad0356-b614-426d-a749-9c511e7d568a","block_type":"box","text":"Sold USD, Bought GBP 17,898 for settlement on","page_number":49,"box":{"x":230,"y":331,"width":365,"height":11}},{"id":"f9a1f8d6-346f-4315-9613-14306e00c870","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"aaea9c2f-294b-4064-a43c-4b745b4a6bce","block_type":"box","text":"(8)","page_number":49,"box":{"x":781,"y":345,"width":19,"height":11}},{"id":"85773704-c897-4db9-a802-a10aa13f357b","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":350,"width":9,"height":1}},{"id":"1e56b1a0-68e2-4507-b564-86de729e16c6","block_type":"box","text":"USD (92,074)","page_number":49,"box":{"x":94,"y":360,"width":101,"height":12}},{"id":"59f0869d-33fc-41f3-9174-d7f5be5605ba","block_type":"box","text":"Sold USD, Bought GBP 69,328 for settlement on","page_number":49,"box":{"x":230,"y":360,"width":365,"height":12}},{"id":"c5265bac-3bf5-4645-8c54-283d00c7dc67","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":375,"width":83,"height":9}},{"id":"a2977283-b8ad-45e5-9a44-17fb0e3df591","block_type":"box","text":"397","page_number":49,"box":{"x":773,"y":375,"width":26,"height":9}},{"id":"2cb57be8-fa7e-4233-b06f-a40305ccc8bf","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":380,"width":9,"height":1}},{"id":"b1141319-103a-4f53-ac96-d02498046487","block_type":"box","text":"USD (39)","page_number":49,"box":{"x":127,"y":390,"width":68,"height":11}},{"id":"4a21af68-a2d8-4e25-b413-bced3323982e","block_type":"box","text":"Sold USD, Bought GBP 29 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":390,"width":416,"height":11}},{"id":"31d61142-63f4-4e6a-a13f-c53c145e434d","block_type":"box","text":"–","page_number":49,"box":{"x":791,"y":395,"width":9,"height":1}},{"id":"bbb252c8-ce9d-4d2d-bf49-0adbd0d5b8fe","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":395,"width":9,"height":1}},{"id":"7f1381bc-4867-45c3-9b1d-2a11e66e2251","block_type":"box","text":"USD (515)","page_number":49,"box":{"x":118,"y":405,"width":77,"height":12}},{"id":"a2590491-c397-40da-b90b-391eacfa00ca","block_type":"box","text":"Sold USD, Bought GBP 390 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":405,"width":425,"height":12}},{"id":"c861a6e9-85e7-4de0-8087-295ffd47ad7c","block_type":"box","text":"4","page_number":49,"box":{"x":791,"y":406,"width":8,"height":8}},{"id":"ba6111f6-5233-4b08-82d9-3d8e9e5dc11c","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":411,"width":9,"height":1}},{"id":"08192d18-7608-407b-8ce1-e562a8472773","block_type":"box","text":"USD (127)","page_number":49,"box":{"x":118,"y":421,"width":77,"height":11}},{"id":"8a87887a-e61c-4bb7-9fb2-4a2eece53280","block_type":"box","text":"Sold USD, Bought GBP 95 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":421,"width":416,"height":11}},{"id":"a1844826-e384-42bd-9bf3-be9d9c2bdd54","block_type":"box","text":"–","page_number":49,"box":{"x":791,"y":426,"width":9,"height":1}},{"id":"145357b8-a2b2-44a8-b070-9bee6d7bbdea","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"f1f902b6-756a-4718-a23e-939b68cde8d4","block_type":"box","text":"USD (656)","page_number":49,"box":{"x":118,"y":436,"width":77,"height":11}},{"id":"de0483c2-d851-41ff-8c3d-00fd03cbf75d","block_type":"box","text":"Sold USD, Bought GBP 491 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":436,"width":425,"height":11}},{"id":"ac91d01b-28bc-40f1-81cf-2c412fb8e353","block_type":"box","text":"–","page_number":49,"box":{"x":791,"y":441,"width":9,"height":1}},{"id":"e6bc7c9d-500d-4693-a9a9-29ba486c28ae","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":441,"width":9,"height":1}},{"id":"f8305692-fff2-4ed3-86ec-861af39a9f20","block_type":"box","text":"USD (786,253)","page_number":49,"box":{"x":85,"y":451,"width":110,"height":12}},{"id":"b60ae3e0-f9b1-4f53-bff6-c8cde2a820f3","block_type":"box","text":"Sold USD, Bought GBP 594,833 for settlement on","page_number":49,"box":{"x":230,"y":451,"width":375,"height":12}},{"id":"07ba5207-f138-4b61-92f6-81e1d6ac9f87","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":466,"width":83,"height":9}},{"id":"d763bfbd-b7e8-4f7c-9ecd-e467e0ffe549","block_type":"box","text":"6,206","page_number":49,"box":{"x":759,"y":466,"width":40,"height":10}},{"id":"74095366-df72-4cf1-b527-a7275cfe5af0","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":471,"width":9,"height":1}},{"id":"7beae7a9-31ea-4771-b345-7c9897ab8d78","block_type":"box","text":"USD (16,537)","page_number":49,"box":{"x":94,"y":481,"width":101,"height":11}},{"id":"3133fb39-f610-4720-b33a-abdf9cdbfc3c","block_type":"box","text":"Sold USD, Bought GBP 12,452 for settlement on","page_number":49,"box":{"x":230,"y":481,"width":365,"height":11}},{"id":"a850a488-859b-443c-8ca4-ad715ff7cd45","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":495,"width":83,"height":9}},{"id":"8c0b6c3a-7142-483a-af55-7435661a132b","block_type":"box","text":"71","page_number":49,"box":{"x":782,"y":495,"width":15,"height":9}},{"id":"e43e026f-59f7-4853-a52d-3743020aec7d","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"6c86eefa-c6d7-4000-a6a7-7679f91622d1","block_type":"box","text":"USD (4,370,403)","page_number":49,"box":{"x":71,"y":511,"width":124,"height":11}},{"id":"58627de1-59a3-4923-8608-d191c25cafd6","block_type":"box","text":"Sold USD, Bought GBP 3,306,388 for settlement on","page_number":49,"box":{"x":230,"y":511,"width":389,"height":11}},{"id":"03cf9ae9-ab8b-49cd-935e-e0be7138cfe4","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"46b287c5-a207-413c-8867-3c595a6ea0b1","block_type":"box","text":"34,49","page_number":49,"box":{"x":749,"y":525,"width":41,"height":10}},{"id":"9c43e85e-2331-4e91-a175-ec7099279409","block_type":"box","text":"9","page_number":49,"box":{"x":792,"y":525,"width":7,"height":9}},{"id":"ded2e0c1-00a9-425b-bb35-feda66e156e1","block_type":"box","text":"0.01","page_number":49,"box":{"x":925,"y":525,"width":29,"height":9}},{"id":"8ea6d425-e829-46ec-af68-dc57bbd1eed8","block_type":"box","text":"USD (9)","page_number":49,"box":{"x":136,"y":540,"width":59,"height":12}},{"id":"95293eca-7d3d-4731-b06f-d8aa0c802fe7","block_type":"box","text":"Sold USD, Bought GBP 7 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":540,"width":407,"height":12}},{"id":"fbe496e0-aa35-4b11-968b-3cdbd7cc25e3","block_type":"box","text":"–","page_number":49,"box":{"x":791,"y":546,"width":9,"height":0}},{"id":"0e377c4d-84b3-46af-b702-8eddb0107856","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":546,"width":9,"height":0}},{"id":"a7ec28ad-72cd-44f9-96c7-676d98e96d1e","block_type":"box","text":"USD (454)","page_number":49,"box":{"x":118,"y":556,"width":77,"height":11}},{"id":"09e652b4-ede6-456a-a9c4-35aa7448c328","block_type":"box","text":"Sold USD, Bought GBP 342 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":556,"width":425,"height":11}},{"id":"d731c32a-a821-4d9e-8554-7d81074f01cc","block_type":"box","text":"2","page_number":49,"box":{"x":791,"y":556,"width":8,"height":8}},{"id":"ff802911-a8f3-4ce8-82e2-d6c37f2f9923","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":561,"width":9,"height":1}},{"id":"9e3dd6c0-fd42-4509-9f72-1fbf6f874a28","block_type":"box","text":"USD (3,098)","page_number":49,"box":{"x":104,"y":571,"width":91,"height":11}},{"id":"7a4de9e4-b889-4f67-88c8-b5d66efd54a3","block_type":"box","text":"Sold USD, Bought GBP 2,350 for settlement on","page_number":49,"box":{"x":230,"y":571,"width":356,"height":11}},{"id":"d3e8487a-f0c8-456a-8f17-a0e661dc82d9","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":585,"width":83,"height":9}},{"id":"236b9c78-6e7c-46b0-b39f-48c823453faf","block_type":"box","text":"30","page_number":49,"box":{"x":782,"y":585,"width":17,"height":9}},{"id":"68d84d9e-7825-498a-96b0-b9e9100639df","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":591,"width":9,"height":0}},{"id":"27ff9358-51e0-424d-89d5-ac76beb0065d","block_type":"box","text":"USD (21,592)","page_number":49,"box":{"x":94,"y":601,"width":101,"height":11}},{"id":"66c2e9cb-c205-464a-8026-8e4a3ee07106","block_type":"box","text":"Sold USD, Bought GBP 16,336 for settlement on","page_number":49,"box":{"x":230,"y":601,"width":365,"height":11}},{"id":"5712d835-c78b-43d3-810c-eb09826bb6a9","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":615,"width":83,"height":9}},{"id":"e89e96bd-f2b5-4550-a078-79cb4f6a0359","block_type":"box","text":"170","page_number":49,"box":{"x":774,"y":615,"width":25,"height":9}},{"id":"135b6cca-e315-4c05-a2ff-eb83037f3ea4","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":620,"width":9,"height":1}},{"id":"f87cd62f-9ebf-4546-ae6f-688b58b13b9d","block_type":"box","text":"USD (37,254,874)","page_number":49,"box":{"x":62,"y":630,"width":133,"height":12}},{"id":"f3d84f60-c758-424f-8215-286d3f717aa9","block_type":"box","text":"Sold USD, Bought GBP 28,184,833 for settlement on","page_number":49,"box":{"x":230,"y":630,"width":398,"height":12}},{"id":"a0e1be2c-d625-415e-a365-158133ee76c3","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":645,"width":83,"height":8}},{"id":"20fb38fc-fa88-4b4e-9fa4-e355a2244306","block_type":"box","text":"294,07","page_number":49,"box":{"x":740,"y":645,"width":50,"height":10}},{"id":"99ea0f00-126d-4e9a-b221-0b4961f238e0","block_type":"box","text":"6","page_number":49,"box":{"x":791,"y":645,"width":8,"height":8}},{"id":"0fd34366-ad09-48da-862b-e191f7eb7556","block_type":"box","text":"0.10","page_number":49,"box":{"x":925,"y":645,"width":31,"height":8}},{"id":"6e3de990-2345-4055-b88d-931989bf55f5","block_type":"box","text":"USD (674)","page_number":49,"box":{"x":118,"y":660,"width":77,"height":11}},{"id":"2d6b85c5-f072-4046-a2c4-b2a0acb3c00c","block_type":"box","text":"Sold USD, Bought GBP 511 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":660,"width":424,"height":11}},{"id":"9c847349-69c1-4e98-bdec-9045a447a999","block_type":"box","text":"7","page_number":49,"box":{"x":792,"y":660,"width":7,"height":9}},{"id":"27805702-65bb-41c7-a731-5b3f66fbe545","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":665,"width":9,"height":1}},{"id":"e25fa60b-9dd6-4bb8-85ef-7cfe6c1597d3","block_type":"box","text":"USD (21,411)","page_number":49,"box":{"x":96,"y":675,"width":99,"height":12}},{"id":"b2c702cd-02e4-4e19-882c-17c84627d9cc","block_type":"box","text":"Sold USD, Bought GBP 16,122 for settlement on","page_number":49,"box":{"x":230,"y":675,"width":365,"height":12}},{"id":"6f0f2729-ef11-40e5-b4c1-c2ac3a17204a","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":690,"width":83,"height":8}},{"id":"eb58b563-5b8a-4a90-b269-0632441099b7","block_type":"box","text":"92","page_number":49,"box":{"x":782,"y":690,"width":17,"height":8}},{"id":"9b185481-ba8f-4e26-a52b-10c85bce0d2e","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":695,"width":9,"height":1}},{"id":"1dfd9b05-7144-4e1d-9f96-e71b7be1eef1","block_type":"box","text":"USD (6,486)","page_number":49,"box":{"x":104,"y":705,"width":91,"height":11}},{"id":"bc1db27a-40e8-4319-82f9-b32a64cd5ea0","block_type":"box","text":"Sold USD, Bought GBP 4,890 for settlement on","page_number":49,"box":{"x":230,"y":705,"width":350,"height":11}},{"id":"f10d5e5b-1c2b-4d21-8c0f-e2273e3b935b","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":719,"width":83,"height":9}},{"id":"8276807c-4e2a-4b84-8b7a-fb742f7663ff","block_type":"box","text":"34","page_number":49,"box":{"x":782,"y":719,"width":17,"height":9}},{"id":"2e1cb5ec-0d8c-403e-89ae-579da1723ccb","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":724,"width":9,"height":1}},{"id":"631de577-3a81-4558-8d03-06c11444f843","block_type":"box","text":"USD (88)","page_number":49,"box":{"x":127,"y":735,"width":68,"height":11}},{"id":"c00555ea-5c88-4f2a-824c-99acd3d157e8","block_type":"box","text":"Sold USD, Bought GBP 66 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":735,"width":416,"height":11}},{"id":"92c40aed-9892-4a86-9735-c9f692cae919","block_type":"box","text":"–","page_number":49,"box":{"x":791,"y":740,"width":9,"height":1}},{"id":"8bec6a31-03da-4ecb-860d-2af5e5a39098","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":740,"width":9,"height":1}},{"id":"b96caaa3-9c78-4808-affe-0133b837a426","block_type":"box","text":"USD (770,730)","page_number":49,"box":{"x":85,"y":750,"width":110,"height":11}},{"id":"0c7b5df8-6fcf-450c-94d5-c80f9e6aa3a9","block_type":"box","text":"Sold USD, Bought GBP 580,331 for settlement on","page_number":49,"box":{"x":230,"y":750,"width":369,"height":11}},{"id":"6af5aaa6-8a31-4343-a4de-913542fa5ff7","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":764,"width":83,"height":9}},{"id":"bf083c0f-a58d-4468-bbe1-4fff011678ab","block_type":"box","text":"3,326","page_number":49,"box":{"x":759,"y":764,"width":40,"height":11}},{"id":"bf288c00-b7ba-4cb7-9e8f-44ea3e5008bf","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":769,"width":9,"height":1}},{"id":"6769677e-d5a9-438c-8afa-84963ba40f2e","block_type":"box","text":"USD (316,081)","page_number":49,"box":{"x":85,"y":780,"width":110,"height":11}},{"id":"35aa97d4-fa2a-4689-b841-3685c555eaeb","block_type":"box","text":"Sold USD, Bought GBP 236,605 for settlement on","page_number":49,"box":{"x":230,"y":780,"width":369,"height":11}},{"id":"f3dac697-dfbf-49fb-ae10-b8e70d46f07b","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":794,"width":83,"height":9}},{"id":"50c0fc2f-7940-4ca7-b2d5-c728136b42be","block_type":"box","text":"(100)","page_number":49,"box":{"x":762,"y":794,"width":38,"height":11}},{"id":"b7fde1b1-3d2e-44ee-942a-c6fb4dd66abb","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":799,"width":9,"height":1}},{"id":"43977733-19e0-489c-9f56-8158c5575a81","block_type":"box","text":"USD (10,348,581)","page_number":49,"box":{"x":62,"y":809,"width":133,"height":11}},{"id":"98e9e6ff-9af9-4a51-8aab-25277d816f4e","block_type":"box","text":"Sold USD, Bought GBP 7,829,124 for settlement on","page_number":49,"box":{"x":230,"y":809,"width":383,"height":11}},{"id":"fc8d311c-6dd2-4457-971c-48a4d6aa8892","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":823,"width":83,"height":9}},{"id":"e45205c4-cb84-4a24-a27c-3a869371e2fc","block_type":"box","text":"81,68","page_number":49,"box":{"x":749,"y":824,"width":41,"height":10}},{"id":"101ae59c-5487-4faa-8508-749c4c8554ab","block_type":"box","text":"9","page_number":49,"box":{"x":792,"y":824,"width":7,"height":8}},{"id":"323b1bb4-8067-4257-a0da-92ce114da9ba","block_type":"box","text":"0.03","page_number":49,"box":{"x":925,"y":824,"width":31,"height":8}},{"id":"d88593ce-b47c-4c53-9381-c745d73b8389","block_type":"box","text":"USD (1,110,245)","page_number":49,"box":{"x":72,"y":839,"width":123,"height":11}},{"id":"22908492-03e8-4e76-b821-472f3ac6aba6","block_type":"box","text":"Sold USD, Bought GBP 831,084 for settlement on","page_number":49,"box":{"x":230,"y":839,"width":375,"height":11}},{"id":"df6923c1-7c17-4956-9cd8-79e3e1fda243","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":853,"width":83,"height":9}},{"id":"f86438c5-e7b4-4147-8d31-c2a5ad354159","block_type":"box","text":"(353)","page_number":49,"box":{"x":762,"y":853,"width":38,"height":11}},{"id":"4a923c14-298a-4dd2-96ba-589b020c1188","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":858,"width":9,"height":1}},{"id":"65ece190-3f1a-4c2d-98ef-213bb90b6d1a","block_type":"box","text":"USD (15,945)","page_number":49,"box":{"x":94,"y":868,"width":101,"height":12}},{"id":"0ca22eb7-a85b-45b6-a72f-804cd6c15222","block_type":"box","text":"Sold USD, Bought GBP 11,924 for settlement on","page_number":49,"box":{"x":230,"y":868,"width":364,"height":12}},{"id":"e95fabb4-97cc-496a-8a24-4bd9e3693611","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":883,"width":83,"height":9}},{"id":"c2514938-f784-41a5-a5e6-4d3ad3c366e0","block_type":"box","text":"(13)","page_number":49,"box":{"x":771,"y":883,"width":29,"height":11}},{"id":"e561984e-80e5-4551-bce1-b374db30af81","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":888,"width":9,"height":1}},{"id":"53a50e92-8a74-4283-83b1-75cb205e1664","block_type":"box","text":"USD (47,121)","page_number":49,"box":{"x":94,"y":898,"width":101,"height":11}},{"id":"c244dd04-3706-408d-8c1f-a55d97040fd4","block_type":"box","text":"Sold USD, Bought GBP 35,731 for settlement on","page_number":49,"box":{"x":230,"y":898,"width":365,"height":11}},{"id":"fe6174b3-8ff3-448e-8814-4a98693497a0","block_type":"box","text":"24/07/2026","page_number":49,"box":{"x":229,"y":912,"width":83,"height":9}},{"id":"a9564027-52c6-4bfd-b2e0-2b2a0b519cff","block_type":"box","text":"454","page_number":49,"box":{"x":772,"y":913,"width":27,"height":8}},{"id":"d73a5435-ecf7-45c6-ade8-dbeef626daca","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":917,"width":9,"height":1}},{"id":"fc3fceed-ba72-40dd-8c13-cd56eda356ff","block_type":"box","text":"USD (669)","page_number":49,"box":{"x":118,"y":928,"width":77,"height":11}},{"id":"ac661af4-70c9-4a1d-89aa-408daa2961ee","block_type":"box","text":"Sold USD, Bought GBP 501 for settlement on 24/07/2026","page_number":49,"box":{"x":230,"y":928,"width":425,"height":11}},{"id":"766276f7-2701-4265-8dc6-d625fb3a9642","block_type":"box","text":"–","page_number":49,"box":{"x":791,"y":933,"width":9,"height":1}},{"id":"8d8453fb-0487-4729-967f-b064007ec913","block_type":"box","text":"–","page_number":49,"box":{"x":948,"y":933,"width":9,"height":1}},{"id":"b6cc534a-e425-4df2-81d7-29fd832d74fe","block_type":"box","text":"49","page_number":50,"box":{"x":490,"y":972,"width":18,"height":8}},{"id":"0fb3f150-3f26-49f5-8c6d-70081843bc45","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":50,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"9038a6a5-f42f-4162-8440-2d091854658a","block_type":"box","text":"Portfolio Statement (continued)","page_number":50,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"08276f3d-c23a-426b-ba1f-8db6243d88dd","block_type":"box","text":"Holding","page_number":50,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"7fb6bcd9-8205-4e2d-ae54-c652e1593c2b","block_type":"box","text":"Investment","page_number":50,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"e4bbd951-842f-4d4c-890f-290fd3784057","block_type":"box","text":"Market","page_number":50,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"c9506351-2c40-4a5f-8a9b-f6b2bebec99c","block_type":"box","text":"Value","page_number":50,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"07a7a951-9dcc-4a03-8f99-03992f6cbd71","block_type":"box","text":"£","page_number":50,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"d039176d-12ce-42e7-8569-3ff6a9bbb509","block_type":"box","text":"% of","page_number":50,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"7f0fd9a4-2a9d-4de1-aafc-d67ba980cac4","block_type":"box","text":"Net Assets","page_number":50,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"a5fbd64c-b700-4ec4-b9eb-e122a65ea32c","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":50,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"12b2649a-fca7-4a5a-87eb-30365a715372","block_type":"box","text":"USD (1,581,567)","page_number":50,"box":{"x":71,"y":183,"width":124,"height":11}},{"id":"675c34bb-433f-4a10-97d4-9cf1a9b6ed58","block_type":"box","text":"Sold USD, Bought GBP 1,196,520 for settlement on","page_number":50,"box":{"x":230,"y":183,"width":389,"height":11}},{"id":"c5e3d52f-8e7d-4649-b457-1540cd76913b","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"2071dabf-7ac1-47a4-a016-c9b78a2d529c","block_type":"box","text":"12,484","page_number":50,"box":{"x":751,"y":197,"width":48,"height":10}},{"id":"3af18336-f638-4c28-be0c-7447af4160c7","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"6969d173-20fb-43ae-86fe-602b3882f194","block_type":"box","text":"USD (12)","page_number":50,"box":{"x":127,"y":212,"width":68,"height":12}},{"id":"e8e1dd76-ac8d-4c30-824a-916c36b2fa6c","block_type":"box","text":"Sold USD, Bought GBP 9 for settlement on 24/07/2026","page_number":50,"box":{"x":230,"y":212,"width":407,"height":12}},{"id":"54d09896-1276-4298-95d7-89ccf2e9ba8a","block_type":"box","text":"–","page_number":50,"box":{"x":791,"y":218,"width":9,"height":0}},{"id":"643dcca5-c320-4bac-91da-3161d501d597","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"777db571-5e66-4b33-aed3-db11c64bad28","block_type":"box","text":"USD (30,849)","page_number":50,"box":{"x":94,"y":228,"width":101,"height":11}},{"id":"0906de85-7737-496a-8d45-8e3efbff0ce6","block_type":"box","text":"Sold USD, Bought GBP 23,092 for settlement on","page_number":50,"box":{"x":230,"y":228,"width":365,"height":11}},{"id":"2dfee7b5-3008-4b17-99fd-1689d3fcbb90","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"e75d31bf-19eb-465f-8f52-42ffe4a1909a","block_type":"box","text":"(10)","page_number":50,"box":{"x":771,"y":242,"width":29,"height":11}},{"id":"8153614e-e24e-49e9-8827-fb6353a7b0ce","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"4f11ef06-fde0-4941-9b7e-f2f89df2fd4f","block_type":"box","text":"USD (3,702,526)","page_number":50,"box":{"x":71,"y":257,"width":124,"height":12}},{"id":"2a393242-68a5-443d-8b63-6a181309ba2a","block_type":"box","text":"Sold USD, Bought GBP 2,801,112 for settlement on","page_number":50,"box":{"x":230,"y":257,"width":388,"height":12}},{"id":"76dc04aa-a0fe-4397-bd0c-c4cb8efa9891","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":272,"width":83,"height":8}},{"id":"5b3f8f74-a781-4f48-9137-ae34ae06de2c","block_type":"box","text":"29,226","page_number":50,"box":{"x":749,"y":272,"width":50,"height":10}},{"id":"db5cf3c8-cabc-45e5-ba7b-4cd2de51b2fb","block_type":"box","text":"0.01","page_number":50,"box":{"x":925,"y":272,"width":29,"height":8}},{"id":"ca577571-e502-4520-9bcc-8863f6497ef8","block_type":"box","text":"USD (1,501)","page_number":50,"box":{"x":104,"y":287,"width":91,"height":11}},{"id":"f4c13b3d-c88b-4d42-877a-894a03dcf99c","block_type":"box","text":"Sold USD, Bought GBP 1,134 for settlement on","page_number":50,"box":{"x":230,"y":287,"width":356,"height":11}},{"id":"d981d6eb-3b43-4dd0-a441-27e0a66ff995","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":301,"width":83,"height":9}},{"id":"7dd4915b-290d-4fd1-ae86-74c91b500b25","block_type":"box","text":"10","page_number":50,"box":{"x":783,"y":301,"width":16,"height":9}},{"id":"4c6ba212-bdb4-40ba-9fa8-25bbff61383f","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"da8da2b8-2076-47b4-bf15-9e805cb418f6","block_type":"box","text":"USD (47,285)","page_number":50,"box":{"x":94,"y":317,"width":101,"height":11}},{"id":"418ef9a6-9c2b-41a3-ad9e-6b2f81201f41","block_type":"box","text":"Sold USD, Bought GBP 35,395 for settlement on","page_number":50,"box":{"x":230,"y":317,"width":365,"height":11}},{"id":"f0b9086d-418f-482b-8329-6cccf3dce1c7","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":331,"width":83,"height":9}},{"id":"7efeb66f-53f5-4da2-87d3-409015beb778","block_type":"box","text":"(15)","page_number":50,"box":{"x":771,"y":331,"width":29,"height":11}},{"id":"a656445d-b9d9-4c86-8cb4-ca95db2735f1","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":336,"width":9,"height":1}},{"id":"08560a7c-1e37-4c08-801d-a1e56b043afd","block_type":"box","text":"USD (33)","page_number":50,"box":{"x":127,"y":346,"width":68,"height":11}},{"id":"cc24a5c2-5581-4da6-8b05-7608e18a4039","block_type":"box","text":"Sold USD, Bought GBP 25 for settlement on 24/07/2026","page_number":50,"box":{"x":230,"y":346,"width":416,"height":11}},{"id":"25b94e3d-0397-4247-907e-4e5352cc9760","block_type":"box","text":"–","page_number":50,"box":{"x":791,"y":351,"width":9,"height":1}},{"id":"19f6ccba-b700-4bf0-b15c-5c3c6404866a","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"9d153342-cd3b-4dbc-b2da-71ba3ea254de","block_type":"box","text":"USD (74)","page_number":50,"box":{"x":127,"y":362,"width":68,"height":11}},{"id":"3d3733f5-b403-4c6a-a041-5a7708aa0e3b","block_type":"box","text":"Sold USD, Bought GBP 56 for settlement on 24/07/2026","page_number":50,"box":{"x":230,"y":362,"width":416,"height":11}},{"id":"e118c6c1-c982-4db2-9f73-15918350fc37","block_type":"box","text":"1","page_number":50,"box":{"x":793,"y":362,"width":4,"height":8}},{"id":"2b1d5161-c5fb-40c7-b6c3-354dfc3b3493","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"c48ad8f7-d9b1-4d30-bcc1-b15bb659a565","block_type":"box","text":"USD (1,667)","page_number":50,"box":{"x":104,"y":377,"width":91,"height":11}},{"id":"a2b8edd2-2df8-4622-af21-59a3061a0505","block_type":"box","text":"Sold USD, Bought GBP 1,261 for settlement on","page_number":50,"box":{"x":230,"y":377,"width":356,"height":11}},{"id":"beaf0bda-9ebf-4b4c-8d45-0e31dbef3140","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":391,"width":83,"height":9}},{"id":"8798a71f-8992-4a3b-9b4d-983ebef6f969","block_type":"box","text":"13","page_number":50,"box":{"x":783,"y":391,"width":16,"height":9}},{"id":"0f7b994b-3571-4f47-b84e-6fedc218d5f3","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"af9ab284-9f79-4ce0-a958-dd057eaf3f2e","block_type":"box","text":"USD (218,524)","page_number":50,"box":{"x":85,"y":407,"width":110,"height":11}},{"id":"1134d7f0-38ac-47d2-bc33-16b8f67b1d03","block_type":"box","text":"Sold USD, Bought GBP 164,540 for settlement on","page_number":50,"box":{"x":230,"y":407,"width":375,"height":11}},{"id":"f9068d0f-f785-462c-b7ee-ab8119fdd722","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"b6c6d163-2a54-4b17-876b-edd648ed8f0f","block_type":"box","text":"943","page_number":50,"box":{"x":773,"y":421,"width":26,"height":9}},{"id":"7cfb01ee-c6ca-48fb-be03-fd0e63ebfc15","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"e37728ba-8d8e-4d49-9c88-fc7e5fbabd6a","block_type":"box","text":"USD (4,187)","page_number":50,"box":{"x":104,"y":436,"width":91,"height":11}},{"id":"5ba0a0d1-2aeb-468d-b3a0-5ba8f1d645b8","block_type":"box","text":"Sold USD, Bought GBP 3,168 for settlement on","page_number":50,"box":{"x":230,"y":436,"width":356,"height":11}},{"id":"242a077f-df86-4ffd-bad1-ac5ca16691f7","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"7415b616-29cd-456d-885a-1479d5fc5236","block_type":"box","text":"33","page_number":50,"box":{"x":782,"y":450,"width":17,"height":9}},{"id":"585be28a-d7db-42cf-ada4-780512fb8467","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"ee0eb3b6-c26c-43c6-9b18-e04bb6f5b26f","block_type":"box","text":"USD (33,133)","page_number":50,"box":{"x":94,"y":466,"width":101,"height":11}},{"id":"ebc21842-4b36-41d6-8ed0-746f2bc7de7d","block_type":"box","text":"Sold USD, Bought GBP 24,948 for settlement on","page_number":50,"box":{"x":230,"y":466,"width":365,"height":11}},{"id":"f49f382b-effa-45fd-b026-8c5469e53848","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":480,"width":83,"height":9}},{"id":"b413ad16-ec66-4f77-b7e3-046cca19adfd","block_type":"box","text":"143","page_number":50,"box":{"x":774,"y":480,"width":25,"height":9}},{"id":"b6d982a6-3b70-4039-8a88-b396d1547cb9","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":485,"width":9,"height":1}},{"id":"6d23742b-46d4-4024-a364-b3d00b0f3bd4","block_type":"box","text":"USD (23)","page_number":50,"box":{"x":127,"y":495,"width":68,"height":12}},{"id":"3ed34e86-34eb-4fe0-8f90-4beed763ed67","block_type":"box","text":"Sold USD, Bought GBP 17 for settlement on 24/07/2026","page_number":50,"box":{"x":230,"y":495,"width":416,"height":12}},{"id":"64515efd-7a74-48b5-a0b4-e0dd695626db","block_type":"box","text":"–","page_number":50,"box":{"x":791,"y":501,"width":9,"height":0}},{"id":"00050849-7746-4fb5-a2b0-7ad25b531d60","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"a4fbb6ad-be03-4463-91f1-65373f0f0c01","block_type":"box","text":"USD (76,721)","page_number":50,"box":{"x":94,"y":511,"width":101,"height":11}},{"id":"5fc91007-fb87-40f8-a34d-9e7c39de051f","block_type":"box","text":"Sold USD, Bought GBP 57,768 for settlement on","page_number":50,"box":{"x":230,"y":511,"width":365,"height":11}},{"id":"6f4be70d-0623-443a-823c-c3405935e3ae","block_type":"box","text":"24/07/2026","page_number":50,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"147523f5-096c-4fb7-b432-70793f63d3b3","block_type":"box","text":"331","page_number":50,"box":{"x":773,"y":525,"width":24,"height":9}},{"id":"1811f97c-07ce-46cc-9997-3535d6bda34f","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"5f82a138-8121-438c-a7e5-7a338c188859","block_type":"box","text":"USD (8)","page_number":50,"box":{"x":136,"y":540,"width":59,"height":12}},{"id":"e0233ec7-a195-4bb6-bbe9-a065ebef40fb","block_type":"box","text":"Sold USD, Bought GBP 6 for settlement on 24/07/2026","page_number":50,"box":{"x":230,"y":540,"width":407,"height":12}},{"id":"2d27df1d-b8fb-4cb6-b937-acc09d6a645f","block_type":"box","text":"–","page_number":50,"box":{"x":791,"y":546,"width":9,"height":0}},{"id":"1f353c3f-e667-49f6-9fb2-e009847aa173","block_type":"box","text":"–","page_number":50,"box":{"x":948,"y":546,"width":9,"height":0}},{"id":"829e1a8b-92f3-4f5f-9dde-01d292aae078","block_type":"box","text":"721,407","page_number":50,"box":{"x":740,"y":558,"width":59,"height":11}},{"id":"3c5b1fc2-94a3-4b26-85d3-a8b9423e6d18","block_type":"box","text":"0.24","page_number":50,"box":{"x":925,"y":558,"width":32,"height":9}},{"id":"fbac008f-7cce-483f-a063-951aa94e5bb7","block_type":"box","text":"Total Value of Investments 99.67%","page_number":50,"box":{"x":229,"y":599,"width":271,"height":9}},{"id":"88881104-f2af-495b-aa0e-c86ba8bd0e41","block_type":"box","text":"(31 December 2025 - 98.48%)","page_number":50,"box":{"x":230,"y":614,"width":228,"height":11}},{"id":"c9ac70f5-11d0-48a1-b63f-6e71a00f9b55","block_type":"box","text":"300,447,505","page_number":50,"box":{"x":707,"y":614,"width":92,"height":10}},{"id":"244c4d34-22e8-4d0a-85ae-645bd302117c","block_type":"box","text":"99.67","page_number":50,"box":{"x":916,"y":614,"width":40,"height":9}},{"id":"bf043aa0-2cb7-455f-9e83-e7bf90fced76","block_type":"box","text":"Net Other Assets","page_number":50,"box":{"x":230,"y":630,"width":134,"height":8}},{"id":"f51b5e17-560e-4152-bb4b-46f619e27dfd","block_type":"box","text":"991,600","page_number":50,"box":{"x":740,"y":630,"width":59,"height":10}},{"id":"b64c72af-9a2f-4d64-8d65-93ef025a2e56","block_type":"box","text":"0.33","page_number":50,"box":{"x":925,"y":630,"width":31,"height":8}},{"id":"49d7ddb4-0a9b-447b-9a0a-5046356ae499","block_type":"box","text":"Net assets","page_number":50,"box":{"x":230,"y":648,"width":82,"height":8}},{"id":"b683b35d-e686-4445-a8d3-eba08b3f0930","block_type":"box","text":"301,439,105","page_number":50,"box":{"x":707,"y":647,"width":93,"height":11}},{"id":"5a3ebfe5-7c46-4a28-975f-df4c68c7f277","block_type":"box","text":"100.00","page_number":50,"box":{"x":907,"y":647,"width":49,"height":9}},{"id":"70880d10-6a48-434f-b20f-405597ad15ad","block_type":"box","text":"All holdings are ordinary shares of stock and are listed on an official stock exchange unless otherwise stated.","page_number":50,"box":{"x":42,"y":684,"width":806,"height":12}},{"id":"ca040fd7-a941-480a-9c58-156e03e0738b","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":50,"box":{"x":42,"y":713,"width":416,"height":9}},{"id":"1f24d718-1e02-486d-a952-8805502bbfde","block_type":"box","text":"Equities","page_number":50,"box":{"x":230,"y":729,"width":58,"height":11}},{"id":"cfea2f61-ad4e-48ba-b46b-f56f0c7211ae","block_type":"box","text":"299,726,098","page_number":50,"box":{"x":707,"y":729,"width":92,"height":10}},{"id":"dc6ee7cc-2e83-433a-9014-a63229e0d660","block_type":"box","text":"99.43","page_number":50,"box":{"x":916,"y":729,"width":40,"height":9}},{"id":"126740da-478d-4e04-bcaa-c2da177d45bf","block_type":"box","text":"Forward Currency Contracts","page_number":50,"box":{"x":230,"y":744,"width":209,"height":11}},{"id":"9b2c14d3-7629-49f7-8dd3-2d881ddc825c","block_type":"box","text":"721,407","page_number":50,"box":{"x":740,"y":744,"width":59,"height":11}},{"id":"5b36d116-ac8f-49ec-8418-11a19eb54cb3","block_type":"box","text":"0.24","page_number":50,"box":{"x":925,"y":744,"width":31,"height":9}},{"id":"0d3a6962-6ed0-4308-b4c7-9cbcf7685ec9","block_type":"box","text":"Net Other Assets","page_number":50,"box":{"x":230,"y":759,"width":125,"height":9}},{"id":"a901bf55-942e-4d20-9374-1dc7f87a8a21","block_type":"box","text":"991,600","page_number":50,"box":{"x":740,"y":760,"width":59,"height":10}},{"id":"00291d66-3e91-4650-93f2-f6daee99d66d","block_type":"box","text":"0.33","page_number":50,"box":{"x":925,"y":760,"width":31,"height":8}},{"id":"59c48c9f-c523-4288-a427-9ed069635c0c","block_type":"box","text":"301,439,105","page_number":50,"box":{"x":707,"y":778,"width":92,"height":10}},{"id":"1d4f3756-cc1a-443f-a52b-c01f5b0db447","block_type":"box","text":"100.00","page_number":50,"box":{"x":907,"y":778,"width":49,"height":8}},{"id":"62c69f4e-56ce-4dbd-841e-6fa3c8440949","block_type":"box","text":"50","page_number":51,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"44a51788-951c-42e4-87d1-1fb6d1777b4b","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":51,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"e4b92689-1205-4602-b8c4-65a8d9dca027","block_type":"box","text":"Statement of Total Return","page_number":51,"box":{"x":43,"y":79,"width":249,"height":11}},{"id":"1b5f9525-03df-46c9-8b32-d87de5824a82","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":51,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"2504b2be-2123-433e-aced-b32ba2d0c9be","block_type":"box","text":"03.07","page_number":51,"box":{"x":639,"y":127,"width":32,"height":7}},{"id":"99bddfec-f8f0-42f7-8fc3-d976fa1af361","block_type":"box","text":".2026","page_number":51,"box":{"x":673,"y":127,"width":32,"height":7}},{"id":"1f2b8e15-a6ca-4d3f-9ab1-0978564bc5ef","block_type":"box","text":"1","page_number":51,"box":{"x":706,"y":126,"width":3,"height":4}},{"id":"3d82e7ac-f793-42c1-81d7-dfc2d35e1725","block_type":"box","text":"30.06.2025","page_number":51,"box":{"x":890,"y":127,"width":67,"height":7}},{"id":"16120c99-f978-458b-a277-d945c0bbc249","block_type":"box","text":"£","page_number":51,"box":{"x":579,"y":142,"width":7,"height":7}},{"id":"033b73aa-6496-434d-ac66-c5ad7af00e5c","block_type":"box","text":"£","page_number":51,"box":{"x":702,"y":142,"width":8,"height":7}},{"id":"7fce3ba6-a7ce-4741-af9c-ff49e00370d7","block_type":"box","text":"£","page_number":51,"box":{"x":826,"y":142,"width":7,"height":7}},{"id":"5b5a346c-88df-4a5e-9087-9266219882cc","block_type":"box","text":"£","page_number":51,"box":{"x":950,"y":142,"width":7,"height":7}},{"id":"eaac943d-3a1c-4627-bbaa-221a62cac947","block_type":"box","text":"Income","page_number":51,"box":{"x":43,"y":179,"width":53,"height":9}},{"id":"42d9e4ea-3982-446a-a741-1c42f6aed5d5","block_type":"box","text":"Net capital gains/(losses)","page_number":51,"box":{"x":55,"y":195,"width":186,"height":11}},{"id":"a45a0cf6-10d2-4a3a-9e7b-d9e521b8d03e","block_type":"box","text":"11,183,538","page_number":51,"box":{"x":629,"y":195,"width":80,"height":10}},{"id":"fbc0b4d0-d76b-40f2-bf83-400271627a1e","block_type":"box","text":"(15,217,490)","page_number":51,"box":{"x":863,"y":195,"width":94,"height":11}},{"id":"85786113-e4c7-4436-a907-6fa0b180d64f","block_type":"box","text":"Revenue","page_number":51,"box":{"x":55,"y":211,"width":65,"height":9}},{"id":"d166fd3e-5c7c-4875-a8e9-2bc0e093c408","block_type":"box","text":"3,393,385","page_number":51,"box":{"x":512,"y":211,"width":73,"height":10}},{"id":"e0b40810-95bf-4105-b475-1d0478ab2635","block_type":"box","text":"4,249,456","page_number":51,"box":{"x":759,"y":211,"width":74,"height":10}},{"id":"55a38943-3dc0-4f32-b0c8-f459b08b4a11","block_type":"box","text":"Expenses","page_number":51,"box":{"x":43,"y":227,"width":72,"height":11}},{"id":"c142e822-2a0e-4ef3-90e4-8972800ed574","block_type":"box","text":"(931,556)","page_number":51,"box":{"x":515,"y":227,"width":70,"height":11}},{"id":"53a22647-b899-49b7-9900-f7384145684b","block_type":"box","text":"(1,841,339)","page_number":51,"box":{"x":749,"y":227,"width":84,"height":11}},{"id":"66ef95ca-ce4e-4506-b4d8-997e36ae0159","block_type":"box","text":"Interest payable and similar expenses","page_number":51,"box":{"x":43,"y":243,"width":280,"height":11}},{"id":"ad912da1-6524-42c4-84ca-7d6e59d07b04","block_type":"box","text":"(53)","page_number":51,"box":{"x":557,"y":243,"width":28,"height":11}},{"id":"30665435-d64c-4a12-800b-3ea95aa29118","block_type":"box","text":"(1)","page_number":51,"box":{"x":814,"y":243,"width":19,"height":11}},{"id":"164ea22d-d3e9-4a9b-af6c-6c18ca33dfe1","block_type":"box","text":"Net revenue before taxation","page_number":51,"box":{"x":43,"y":263,"width":205,"height":9}},{"id":"d13cd6e5-2ada-4189-a001-0e234307de8d","block_type":"box","text":"2,461,776","page_number":51,"box":{"x":512,"y":263,"width":73,"height":11}},{"id":"fd200c32-3dbd-4936-ae1d-2982fc8ab84a","block_type":"box","text":"2,408,116","page_number":51,"box":{"x":761,"y":263,"width":72,"height":11}},{"id":"379a94a3-772d-4c99-aea6-b0d98b5e71ca","block_type":"box","text":"Taxation","page_number":51,"box":{"x":42,"y":280,"width":61,"height":8}},{"id":"c51df40c-d3d7-4488-9a46-206625c5e21d","block_type":"box","text":"(287,941)","page_number":51,"box":{"x":515,"y":279,"width":70,"height":12}},{"id":"0fd08f8f-a4ec-4685-bcbd-3c2561b6cbd3","block_type":"box","text":"(359,480)","page_number":51,"box":{"x":763,"y":279,"width":70,"height":12}},{"id":"5451b664-49c5-495c-b053-2ca527c610b4","block_type":"box","text":"Net revenue after taxation for the period","page_number":51,"box":{"x":43,"y":296,"width":317,"height":11}},{"id":"bf890c42-6938-46df-ba21-1c371fcdca07","block_type":"box","text":"2,173,835","page_number":51,"box":{"x":636,"y":296,"width":73,"height":10}},{"id":"ff529408-7bf8-4acf-82dc-c434a418fde3","block_type":"box","text":"2,048,636","page_number":51,"box":{"x":883,"y":296,"width":73,"height":10}},{"id":"1509cb31-9aa8-4fd8-afbf-013cabfb8035","block_type":"box","text":"Total returns before distributions","page_number":51,"box":{"x":42,"y":316,"width":263,"height":9}},{"id":"39455767-6831-4d60-a934-f53bd409e38b","block_type":"box","text":"13,357,373","page_number":51,"box":{"x":628,"y":316,"width":81,"height":10}},{"id":"96150af8-b167-4d10-9753-2f218a918bf7","block_type":"box","text":"(13,168,854)","page_number":51,"box":{"x":863,"y":316,"width":94,"height":11}},{"id":"db812c95-4673-47d1-aaf9-45113c52db25","block_type":"box","text":"Distributions","page_number":51,"box":{"x":43,"y":332,"width":91,"height":9}},{"id":"6c3cc0dc-3505-4c66-a467-53b56d59b3bc","block_type":"box","text":"(3,083,500)","page_number":51,"box":{"x":625,"y":332,"width":84,"height":11}},{"id":"5228b190-0236-4719-8e99-5644e6383a27","block_type":"box","text":"(3,858,809)","page_number":51,"box":{"x":872,"y":332,"width":85,"height":11}},{"id":"2f6426c8-bee1-4eae-8a65-fb0e3ed2ffee","block_type":"box","text":"Change in net assets attributable to","page_number":51,"box":{"x":43,"y":367,"width":288,"height":11}},{"id":"27618616-8cc2-437b-8dfa-68740ce96d27","block_type":"box","text":"shareholders from investment activities","page_number":51,"box":{"x":54,"y":381,"width":316,"height":9}},{"id":"102bd6d7-3884-47b6-85f7-5d951d389fc7","block_type":"box","text":"10,273,873","page_number":51,"box":{"x":628,"y":379,"width":81,"height":11}},{"id":"ab52b665-2715-4ead-a78c-e29c182d8a2e","block_type":"box","text":"(17,027,663)","page_number":51,"box":{"x":863,"y":379,"width":94,"height":12}},{"id":"018e3146-9618-4179-87b6-944ff2c24f5c","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":51,"box":{"x":43,"y":413,"width":627,"height":13}},{"id":"7db81a6c-a44e-4879-929f-9d34e1144373","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":51,"box":{"x":43,"y":429,"width":334,"height":11}},{"id":"2f0cb6cf-e124-4866-b639-b74e4c28c612","block_type":"box","text":"03.07","page_number":51,"box":{"x":636,"y":459,"width":32,"height":7}},{"id":"aae36d3b-8ebc-41e9-ab21-2ccd788cc1e8","block_type":"box","text":".2026","page_number":51,"box":{"x":670,"y":459,"width":32,"height":7}},{"id":"961a8377-21e7-4249-98c1-5cb5c6a6f47c","block_type":"box","text":"1","page_number":51,"box":{"x":703,"y":459,"width":2,"height":4}},{"id":"7603baa3-c807-42b9-9081-9cff6eaa086e","block_type":"box","text":"30.06.2025","page_number":51,"box":{"x":888,"y":459,"width":66,"height":7}},{"id":"fde86b5c-0c8f-41a7-8332-81642ad85bf4","block_type":"box","text":"£","page_number":51,"box":{"x":578,"y":474,"width":8,"height":7}},{"id":"dad46803-6cf5-4127-b7d7-df277b9f95f8","block_type":"box","text":"£","page_number":51,"box":{"x":699,"y":474,"width":7,"height":7}},{"id":"a2c58db3-ed84-4c83-8d74-9b4bd9cbf6fc","block_type":"box","text":"£","page_number":51,"box":{"x":826,"y":474,"width":7,"height":7}},{"id":"da934e1f-abab-469c-b65a-c5c7c4ccdeb0","block_type":"box","text":"£","page_number":51,"box":{"x":947,"y":474,"width":7,"height":7}},{"id":"116b8033-9b3e-4938-995a-4f9f9b2ee9cb","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":51,"box":{"x":43,"y":511,"width":380,"height":11}},{"id":"6b1fbbfd-a915-4313-9a19-c69158d1b647","block_type":"box","text":"2","page_number":51,"box":{"x":424,"y":511,"width":4,"height":5}},{"id":"ed148ebe-33aa-4760-aa7c-a5a748cf552d","block_type":"box","text":"411,739,068","page_number":51,"box":{"x":618,"y":511,"width":91,"height":10}},{"id":"663bd84d-9165-4b32-b2de-f4f82de00451","block_type":"box","text":"668,449,244","page_number":51,"box":{"x":864,"y":511,"width":92,"height":10}},{"id":"81e45992-a23d-4990-bad1-aa071fab8bbb","block_type":"box","text":"Issue of shares","page_number":51,"box":{"x":43,"y":527,"width":112,"height":9}},{"id":"ff47847c-346b-472f-935a-55685f1621c4","block_type":"box","text":"25,127,270","page_number":51,"box":{"x":499,"y":527,"width":83,"height":10}},{"id":"0bd714ea-0b4b-4d15-8081-93b42e968e15","block_type":"box","text":"80,128,192","page_number":51,"box":{"x":746,"y":527,"width":83,"height":10}},{"id":"7da56621-4804-4188-858f-ac6028c5d6ff","block_type":"box","text":"Cancellation of shares","page_number":51,"box":{"x":43,"y":543,"width":164,"height":9}},{"id":"7655848e-4961-4326-8b15-14386cb7b372","block_type":"box","text":"(146,412,222)","page_number":51,"box":{"x":484,"y":543,"width":101,"height":11}},{"id":"6da52430-e199-45a4-9e64-bc859d9db399","block_type":"box","text":"(174,096,604)","page_number":51,"box":{"x":732,"y":543,"width":101,"height":11}},{"id":"3f68bedb-169d-444c-aed7-354c3743717e","block_type":"box","text":"(121,284,952)","page_number":51,"box":{"x":606,"y":559,"width":103,"height":11}},{"id":"ea524291-5062-4876-9e62-3e8cb638dc80","block_type":"box","text":"(93,968,412)","page_number":51,"box":{"x":863,"y":559,"width":94,"height":11}},{"id":"f12f9abb-687f-4bfc-b6a9-d9a0b481d81a","block_type":"box","text":"Single swing price adjustment","page_number":51,"box":{"x":43,"y":575,"width":221,"height":11}},{"id":"5601f8bc-2d8e-47ab-9fe9-2bac4ffe6b67","block_type":"box","text":"445","page_number":51,"box":{"x":682,"y":575,"width":27,"height":9}},{"id":"a9264846-2d7a-4b21-be76-8e172cfe7723","block_type":"box","text":"5,362","page_number":51,"box":{"x":916,"y":575,"width":40,"height":11}},{"id":"3e3d016e-1cd4-42f9-b3fe-cc7d1b0b2a93","block_type":"box","text":"Change in net assets attributable to","page_number":51,"box":{"x":43,"y":590,"width":268,"height":11}},{"id":"26ab5d47-9639-46ca-af8e-35ac0b53cf1d","block_type":"box","text":"shareholders from investment activities (see above)","page_number":51,"box":{"x":54,"y":606,"width":383,"height":11}},{"id":"3c3aa2e8-f7ee-49a7-8f67-2ff38530e485","block_type":"box","text":"10,273,873","page_number":51,"box":{"x":627,"y":606,"width":82,"height":10}},{"id":"2b40b2b9-5e18-437c-ace6-b5f6163d93e5","block_type":"box","text":"(17,027,663)","page_number":51,"box":{"x":863,"y":606,"width":94,"height":11}},{"id":"e8415440-2d4c-4409-bc19-f3c1169b9a60","block_type":"box","text":"Retained distribution on accumulation shares","page_number":51,"box":{"x":43,"y":622,"width":333,"height":9}},{"id":"835d7e5b-6480-40e6-ae57-95ec58e3f005","block_type":"box","text":"710,475","page_number":51,"box":{"x":650,"y":622,"width":59,"height":10}},{"id":"54602d2a-f29d-40c4-a88a-3afccafe055a","block_type":"box","text":"920,869","page_number":51,"box":{"x":897,"y":622,"width":59,"height":10}},{"id":"68776fbd-a15f-4429-a7a0-933e211a50b9","block_type":"box","text":"Unclaimed distributions","page_number":51,"box":{"x":43,"y":638,"width":172,"height":9}},{"id":"dc1eaa59-36ad-4eb6-8b08-8f5814306d6a","block_type":"box","text":"196","page_number":51,"box":{"x":683,"y":638,"width":26,"height":9}},{"id":"05163793-710e-4526-9a9d-cf872a46eebb","block_type":"box","text":"200","page_number":51,"box":{"x":930,"y":638,"width":26,"height":9}},{"id":"a7a30bd3-3dbb-4ae3-88ee-04a4b0a2d53f","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":51,"box":{"x":43,"y":655,"width":373,"height":11}},{"id":"0f3e527a-e9ea-4961-a552-fb22419f3a0b","block_type":"box","text":"301,439,105","page_number":51,"box":{"x":617,"y":653,"width":92,"height":11}},{"id":"2426d2de-72d2-44f1-ae3a-5984d867c6bf","block_type":"box","text":"558,379,600","page_number":51,"box":{"x":864,"y":653,"width":92,"height":11}},{"id":"3adbd8df-895f-4561-9d1d-90068c04adce","block_type":"box","text":"1","page_number":51,"box":{"x":43,"y":694,"width":2,"height":5}},{"id":"58e6569b-4972-4f87-8d31-1d3e6412d196","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 t","page_number":51,"box":{"x":48,"y":696,"width":425,"height":9}},{"id":"578c6452-4b2a-42b9-a462-b32de713c3e1","block_type":"box","text":"o","page_number":51,"box":{"x":474,"y":698,"width":6,"height":5}},{"id":"d282994a-e5a9-43ca-b2d2-8ae05fbabee6","block_type":"box","text":"3 July 2026 as a one-off change arising from the transition of depositary","page_number":51,"box":{"x":485,"y":696,"width":425,"height":9}},{"id":"7e4ab414-84d1-43e4-be6a-756bfcca855c","block_type":"box","text":"services. The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution","page_number":51,"box":{"x":42,"y":708,"width":894,"height":7}},{"id":"e0e16ad0-6bf3-4bdd-8a1f-e36bfb4993f4","block_type":"box","text":"payable to shareholders.","page_number":51,"box":{"x":43,"y":719,"width":145,"height":9}},{"id":"fc5a78b5-03d8-48e6-bbab-542a726bb10e","block_type":"box","text":"2","page_number":51,"box":{"x":42,"y":731,"width":5,"height":5}},{"id":"3be44af8-f104-40aa-973a-361dfe8012c2","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to th","page_number":51,"box":{"x":48,"y":733,"width":427,"height":9}},{"id":"7390fa01-6315-4857-a36d-a67d33f32982","block_type":"box","text":"e closing comparative position by the change in shareholders’ net assets for the","page_number":51,"box":{"x":477,"y":733,"width":472,"height":9}},{"id":"152324d1-429d-4d17-b3a3-15ee926cb1c0","block_type":"box","text":"second half of the comparative financial year.","page_number":51,"box":{"x":42,"y":745,"width":268,"height":9}},{"id":"19e6a97a-2728-47d8-b485-680d50c8e918","block_type":"box","text":"51","page_number":52,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"02ee57b1-6dbe-441e-9dc4-9dcd6788bd21","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":52,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"65358224-0233-4616-82a9-8efd42541a03","block_type":"box","text":"Balance Sheet","page_number":52,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"5abd4398-aa36-4b13-b8cf-489a475ad860","block_type":"box","text":"As at","page_number":52,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"9d2f3907-37cd-45e0-99be-e10a68e9845e","block_type":"box","text":"3 July 2026 (unaudited)","page_number":52,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"a6607730-a5cb-437b-bdd6-83f67616497c","block_type":"box","text":"03.07.2026","page_number":52,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"6d2b763f-a18b-42ac-b2f8-c1550971a3c0","block_type":"box","text":"1","page_number":52,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"60dd0b32-962c-4076-992b-cf3947f3348b","block_type":"box","text":"31.12.2025","page_number":52,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"8b3be9d1-abd0-434e-852e-4dd46dcec903","block_type":"box","text":"£","page_number":52,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"d24f1cfe-7820-4411-a735-643722d4e6db","block_type":"box","text":"£","page_number":52,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"6f066017-42ea-4ada-a0a7-e0cd7a50a851","block_type":"box","text":"Assets","page_number":52,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"0529df45-2543-478f-827c-b90cfe8395cc","block_type":"box","text":"Investments","page_number":52,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"94446de7-e33e-4202-9269-6d8474607f97","block_type":"box","text":"300,494,521","page_number":52,"box":{"x":626,"y":183,"width":90,"height":10}},{"id":"9cd292bd-5e23-4917-8a25-8a7b90a040ea","block_type":"box","text":"405,546,055","page_number":52,"box":{"x":864,"y":183,"width":92,"height":10}},{"id":"d61f95e7-a4bd-4d1e-84fc-a28b319e2600","block_type":"box","text":"Amounts receivable","page_number":52,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"e3e86af8-9de2-4f8f-9205-18f7cea30d2f","block_type":"box","text":"8,286,584","page_number":52,"box":{"x":645,"y":199,"width":73,"height":10}},{"id":"e385a17d-5500-4216-94cf-937fa0cdc49d","block_type":"box","text":"383,085","page_number":52,"box":{"x":897,"y":199,"width":59,"height":10}},{"id":"f56b50aa-dee5-4988-b0af-332a3283b1b4","block_type":"box","text":"Cash and cash equivalents","page_number":52,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"605a21e5-a0b6-41bf-b33b-9f1c250faca7","block_type":"box","text":"6,245,074","page_number":52,"box":{"x":645,"y":215,"width":73,"height":10}},{"id":"0eca1bae-d9a9-4fbe-b22a-89b024ac04f3","block_type":"box","text":"7,973,741","page_number":52,"box":{"x":883,"y":215,"width":71,"height":10}},{"id":"2ee6ac1c-4607-42a7-84f9-4b6ae3b8a2e2","block_type":"box","text":"Total assets","page_number":52,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"09d70814-e860-473f-b10c-347580816083","block_type":"box","text":"315,026,179","page_number":52,"box":{"x":626,"y":232,"width":92,"height":10}},{"id":"3c349808-feeb-4bd7-9e6f-89396d61642b","block_type":"box","text":"413,902,881","page_number":52,"box":{"x":864,"y":232,"width":90,"height":10}},{"id":"2910b0b0-29b0-48e6-abac-62875f454064","block_type":"box","text":"Liabilities","page_number":52,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"ba5c2089-8270-4d42-9e5a-5f214ee78142","block_type":"box","text":"Investments","page_number":52,"box":{"x":55,"y":270,"width":89,"height":9}},{"id":"b2cb1148-35e1-474e-9833-bd70f200c536","block_type":"box","text":"(47,016)","page_number":52,"box":{"x":658,"y":270,"width":61,"height":11}},{"id":"63dfd7cf-6d07-4c71-abdb-747ec9b6bf91","block_type":"box","text":"(81,488)","page_number":52,"box":{"x":896,"y":270,"width":61,"height":11}},{"id":"8d2ddfff-0cdb-4371-b073-4e52d7ce6f41","block_type":"box","text":"Distribution payable","page_number":52,"box":{"x":55,"y":286,"width":145,"height":11}},{"id":"d05daa53-7164-46ed-99fc-119947268585","block_type":"box","text":"(1,861,852)","page_number":52,"box":{"x":634,"y":286,"width":85,"height":11}},{"id":"540a87e5-fe08-4e0e-b8a8-f64983426ad4","block_type":"box","text":"(1,252,843)","page_number":52,"box":{"x":872,"y":286,"width":85,"height":11}},{"id":"de3e3cb9-f9f1-4848-9ab2-60dc6ee158ff","block_type":"box","text":"Other amounts payable","page_number":52,"box":{"x":54,"y":302,"width":174,"height":11}},{"id":"ed3ef793-6a03-4f77-92b0-e9c4a0f15331","block_type":"box","text":"(11,678,206)","page_number":52,"box":{"x":626,"y":302,"width":93,"height":11}},{"id":"5cd328e4-4965-4f0d-9311-7d1e98c51d56","block_type":"box","text":"(829,482)","page_number":52,"box":{"x":886,"y":302,"width":71,"height":11}},{"id":"bdc204a4-66b5-43d9-99c4-a7b9ebaa7b29","block_type":"box","text":"Total liabilities","page_number":52,"box":{"x":42,"y":319,"width":103,"height":9}},{"id":"a08f9f8a-9936-42ff-b261-bfd922d9b44d","block_type":"box","text":"(13,587,074)","page_number":52,"box":{"x":625,"y":319,"width":93,"height":11}},{"id":"e506ebd4-50e2-4a38-b79f-b7568618d0f3","block_type":"box","text":"(2,163,813)","page_number":52,"box":{"x":872,"y":319,"width":85,"height":11}},{"id":"cdb87be7-de3a-41d3-9dd4-26aa7736e136","block_type":"box","text":"Net assets attributable to shareholders","page_number":52,"box":{"x":43,"y":336,"width":309,"height":9}},{"id":"fd24d603-d673-4e4b-af11-779999dd415e","block_type":"box","text":"301,439,105","page_number":52,"box":{"x":626,"y":335,"width":92,"height":10}},{"id":"b5bd6eb5-20b9-487f-9a36-cc8867812af5","block_type":"box","text":"411,739,068","page_number":52,"box":{"x":865,"y":335,"width":91,"height":10}},{"id":"63d3830a-95ff-4bbb-8f5b-8455c135f34b","block_type":"box","text":"1","page_number":52,"box":{"x":43,"y":368,"width":2,"height":4}},{"id":"d8d284c5-39bc-4803-9b57-725723769343","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":52,"box":{"x":46,"y":368,"width":910,"height":9}},{"id":"6b8fab44-8fc3-4616-a6a0-e912ba04095f","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":52,"box":{"x":42,"y":379,"width":915,"height":9}},{"id":"17b35015-5019-4584-b647-484c07c511d8","block_type":"box","text":"shareholders.","page_number":52,"box":{"x":42,"y":391,"width":80,"height":7}},{"id":"2f5cf6f4-8fa4-4b1b-8e55-e43ed3046415","block_type":"box","text":"All items in the balance sheet above are current.","page_number":52,"box":{"x":42,"y":416,"width":358,"height":9}},{"id":"838e3dd3-9ca9-4a62-8188-183a042c3ecd","block_type":"box","text":"52","page_number":53,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"97e00600-4198-438f-82f4-2a264b5e6d83","block_type":"box","text":"53","page_number":53,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"c21a5272-ad1a-4d7c-8b6f-a179280e00dc","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":53,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"28cfe73f-2a0a-4b23-9cf1-6ca8335983bc","block_type":"box","text":"Notes to the Financial Statements","page_number":53,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"26429715-d716-4c0d-845f-c58899cc588c","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":53,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"b85a4923-efcb-43c4-a92d-9521d2cce3a4","block_type":"box","text":"1. Accounting Policies","page_number":53,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"c8a10fb5-8e2c-4245-adaa-f3e62c11189d","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":53,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"be3e221e-cdfe-46e1-8863-23943561ea22","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":53,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"bbf3fc85-291b-4be8-94a4-1febde47d9b2","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":53,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"2dd5728d-9e69-4cb0-9755-0fc007acaf30","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":53,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"082f7a35-1645-48c9-bec8-4972a5e98eb1","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":53,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"ddb0a815-33a1-4d32-a6f4-68d7b246b0a0","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":53,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"44a8273d-3656-4a25-9e6d-47f5ccc5be84","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":53,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"0681e372-67df-4885-a2de-1634d87b2bd4","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":53,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"d00d8930-a149-498f-a262-1cb55778adce","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":53,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"dd3cbadd-2b5e-411e-bdad-e0485180575d","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":53,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"12fd0130-8b70-41eb-90e5-8000e243bdc8","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":53,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"6fc76e5b-42d8-44ca-8bfb-76271fd085fd","block_type":"box","text":"the current period.","page_number":53,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"47090232-7f4a-4187-99c0-5b0609fec4f9","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":53,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"6907045d-5580-42b4-bae4-6126c05f45e7","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":53,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"e8addd76-2e14-4c52-81bc-cf30ed8f2c14","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":53,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"ea46b779-bd9b-425f-8650-390ba8d8bbd2","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":53,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"106464e7-30e2-44a4-ad1d-8dad755536ee","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":53,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"dd4123db-7099-47ed-a438-9d6d8399d613","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":53,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"10f09405-b7c5-46cd-b5a7-330f26aa6f9b","block_type":"box","text":"2. Related Parties","page_number":53,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"d87461a1-9a3b-4469-8fd3-5b70d72f5be0","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":53,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"54b38ccf-a15d-44ad-9b0c-8f0785a4bcc2","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":53,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"1fb0e534-b221-4aed-a583-6269653e12f8","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":53,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"ea6e41b5-275a-4a5e-9ad8-311cba8627d9","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":53,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"78a80122-a959-451a-babf-1788604d8228","block_type":"box","text":"page 50","page_number":53,"box":{"x":544,"y":513,"width":59,"height":11}},{"id":"2f718239-6418-4043-904d-e7b0d677011e","block_type":"box","text":".","page_number":53,"box":{"x":605,"y":521,"width":2,"height":1}},{"id":"214e4484-f772-4585-bed8-d6c7c36688ae","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £119,436","page_number":53,"box":{"x":42,"y":537,"width":914,"height":11}},{"id":"550bab51-393d-4daa-a952-63929ccc502d","block_type":"box","text":"(31 December 2025: £129,888).","page_number":53,"box":{"x":43,"y":550,"width":235,"height":11}},{"id":"6eb6c048-8783-4559-bec0-85257e5b5e14","block_type":"box","text":"At the period end, Sarasin Thematic Global Equity held no shares in any other sub-fund or collective investment schemes","page_number":53,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"4d57c9d7-1976-4060-90b0-0d1f1a310eaf","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":53,"box":{"x":43,"y":587,"width":693,"height":11}},{"id":"6a8a5577-28d1-447f-a54e-8cc4b8dc1e22","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 70.28% of the sub-fund on behalf of multiple beneficiaries","page_number":53,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"0b65367c-d723-409f-a73d-9107b90dc9c9","block_type":"box","text":"(31 December 2025: 76.49%).","page_number":53,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"5bab9b67-5572-494e-95a5-704f8af99550","block_type":"box","text":"53","page_number":54,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"4e3160a3-87a9-4078-9026-2b1098e59d22","block_type":"box","text":"SARASIN Thematic Global Equity","page_number":54,"box":{"x":43,"y":34,"width":320,"height":13}},{"id":"1fa14b69-c895-4e4f-9b1b-9078ce5160bd","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":54,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"90a7e58d-8537-4d1d-851d-d5adcbcc35a7","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":54,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"0bcf1217-5ba2-4425-8a6b-309deb91aecd","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":54,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"0eb0ddd8-aacf-4b22-b295-86595376b487","block_type":"box","text":"their fair value.","page_number":54,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"428938ea-4055-4059-ac91-e3034199c93d","block_type":"box","text":"Valuation technique as","page_number":54,"box":{"x":44,"y":171,"width":145,"height":9}},{"id":"02d904e8-25fc-41ee-b699-609e4523569d","block_type":"box","text":"at","page_number":54,"box":{"x":194,"y":172,"width":11,"height":6}},{"id":"1301ba46-85af-42d2-b0b4-c10a18fda683","block_type":"box","text":"3 July 2026","page_number":54,"box":{"x":210,"y":171,"width":70,"height":9}},{"id":"00e850ef-20b4-4adb-964e-95a362affef6","block_type":"box","text":"1","page_number":54,"box":{"x":282,"y":169,"width":3,"height":5}},{"id":"6dc93b26-2c46-4ca1-bd6c-3c5bdb2cc271","block_type":"box","text":"Financial Assets","page_number":54,"box":{"x":45,"y":197,"width":104,"height":7}},{"id":"201a0280-9d38-47e0-8655-6d573807a212","block_type":"box","text":"Level 1","page_number":54,"box":{"x":563,"y":186,"width":42,"height":7}},{"id":"16c6ac2b-b826-4d8a-b9ef-2055120ec17e","block_type":"box","text":"£","page_number":54,"box":{"x":600,"y":197,"width":7,"height":7}},{"id":"9ba71402-331b-4bad-8d96-995d8c637d30","block_type":"box","text":"Level 2","page_number":54,"box":{"x":679,"y":186,"width":44,"height":7}},{"id":"f528fdcc-5cc2-4258-9ca9-7edc80388290","block_type":"box","text":"£","page_number":54,"box":{"x":717,"y":197,"width":7,"height":7}},{"id":"d1db6749-d135-477c-be1b-befcb0abc674","block_type":"box","text":"Level 3","page_number":54,"box":{"x":796,"y":186,"width":44,"height":7}},{"id":"e7fecd81-ec90-46f0-bb82-9f067d758e11","block_type":"box","text":"£","page_number":54,"box":{"x":833,"y":197,"width":7,"height":7}},{"id":"fde5f7cf-eaad-4828-b4df-4030eb14f77e","block_type":"box","text":"Total","page_number":54,"box":{"x":926,"y":186,"width":30,"height":7}},{"id":"04fd15f1-97ab-45e9-b76b-57e84e1276c8","block_type":"box","text":"£","page_number":54,"box":{"x":950,"y":197,"width":7,"height":7}},{"id":"2d13845b-5827-403c-a43c-c2dfc7b5494e","block_type":"box","text":"Equities","page_number":54,"box":{"x":45,"y":215,"width":58,"height":11}},{"id":"3765ed54-0955-42ea-a8b7-34c63db239e5","block_type":"box","text":"299,726,098","page_number":54,"box":{"x":514,"y":215,"width":93,"height":11}},{"id":"19f827ed-23bd-40ea-9750-427a8f5b3583","block_type":"box","text":"–","page_number":54,"box":{"x":715,"y":220,"width":9,"height":1}},{"id":"fb96a10a-3e3e-4ec6-a13e-f296598e5dbe","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":220,"width":10,"height":1}},{"id":"e6f2a30f-4618-4205-95cf-ac0d9878f894","block_type":"box","text":"299,726,098","page_number":54,"box":{"x":864,"y":215,"width":92,"height":11}},{"id":"ed441c1b-2053-4169-97ed-c099490dba5b","block_type":"box","text":"Forward Currency Contracts","page_number":54,"box":{"x":46,"y":231,"width":208,"height":11}},{"id":"ba63cd77-c367-4eed-832b-f4d130f17e3d","block_type":"box","text":"–","page_number":54,"box":{"x":598,"y":236,"width":9,"height":1}},{"id":"60523ab3-7909-437f-bff3-28da8a3f697b","block_type":"box","text":"768,423","page_number":54,"box":{"x":664,"y":231,"width":59,"height":10}},{"id":"27bd83eb-6c04-46d0-a545-9f7d643454a1","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":236,"width":10,"height":1}},{"id":"b991347c-0403-4a1f-bdde-bcad57f97962","block_type":"box","text":"768,423","page_number":54,"box":{"x":897,"y":231,"width":59,"height":10}},{"id":"54a2f562-a105-4159-9618-b1bac896f674","block_type":"box","text":"299,726,098","page_number":54,"box":{"x":514,"y":247,"width":93,"height":10}},{"id":"b77d19fe-84d6-4b4b-9deb-7f85910ecfaf","block_type":"box","text":"768,423","page_number":54,"box":{"x":664,"y":247,"width":59,"height":10}},{"id":"711f5c17-bdec-45e9-859f-a3a2ae97e61e","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":252,"width":10,"height":1}},{"id":"66c97ec1-2587-48ab-ac15-133d657a99b3","block_type":"box","text":"300,494,521","page_number":54,"box":{"x":864,"y":247,"width":90,"height":10}},{"id":"6d4d50f9-f150-44d4-95da-1c045c403adf","block_type":"box","text":"Financial Liabilities","page_number":54,"box":{"x":45,"y":279,"width":122,"height":7}},{"id":"1e8f8f28-3891-4947-8b2f-507f5b6126c2","block_type":"box","text":"Forward Currency Contracts","page_number":54,"box":{"x":46,"y":297,"width":208,"height":11}},{"id":"7d5ec38e-3ac2-4a37-b6dd-c205ac939e07","block_type":"box","text":"–","page_number":54,"box":{"x":598,"y":302,"width":9,"height":1}},{"id":"21ba4a74-a0c6-4c2f-9820-13f609df40be","block_type":"box","text":"(47,016)","page_number":54,"box":{"x":662,"y":297,"width":61,"height":11}},{"id":"337bdbb4-45d7-4ee4-9665-4cd3fc10b700","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":302,"width":10,"height":1}},{"id":"490ede20-87e0-434b-9850-7662e0451b54","block_type":"box","text":"(47,016)","page_number":54,"box":{"x":896,"y":297,"width":61,"height":11}},{"id":"4292eec2-55bb-4e4f-be43-f4f9764a65c6","block_type":"box","text":"–","page_number":54,"box":{"x":598,"y":318,"width":9,"height":1}},{"id":"08198947-8125-4bbd-8465-a249b10acbd3","block_type":"box","text":"(47,016)","page_number":54,"box":{"x":662,"y":313,"width":61,"height":11}},{"id":"dec760e8-09b6-4567-8b51-60c7d336265e","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":318,"width":10,"height":1}},{"id":"6d2cd053-45ef-4955-8517-a53ac21372a8","block_type":"box","text":"(47,016)","page_number":54,"box":{"x":896,"y":313,"width":61,"height":11}},{"id":"ab88fbb8-8f24-4b33-9487-8a24e94c261e","block_type":"box","text":"Valuation technique as at","page_number":54,"box":{"x":44,"y":344,"width":161,"height":9}},{"id":"f892d985-5e8a-4d9e-be78-955b07fd403f","block_type":"box","text":"31 December 2025","page_number":54,"box":{"x":210,"y":344,"width":116,"height":7}},{"id":"69c57969-9391-4b54-9eda-5376d9359c60","block_type":"box","text":"Financial Assets","page_number":54,"box":{"x":45,"y":370,"width":104,"height":7}},{"id":"3a3ccf5c-dc8d-477e-95c2-bb38406f55b5","block_type":"box","text":"Level 1","page_number":54,"box":{"x":563,"y":359,"width":42,"height":7}},{"id":"743040a4-8ff0-4467-911b-5dfb1f4b0ce8","block_type":"box","text":"£","page_number":54,"box":{"x":600,"y":370,"width":7,"height":7}},{"id":"032e1bb8-b01c-4027-8825-875c946d9a1e","block_type":"box","text":"Level 2","page_number":54,"box":{"x":679,"y":359,"width":44,"height":7}},{"id":"6536abb8-f7d6-44a6-89ad-a1b3873bf82e","block_type":"box","text":"£","page_number":54,"box":{"x":717,"y":370,"width":7,"height":7}},{"id":"59d6a2ea-a594-4091-b6d5-a8d0042cf422","block_type":"box","text":"Level 3","page_number":54,"box":{"x":796,"y":359,"width":44,"height":7}},{"id":"f0a322dd-7142-4167-a59a-a4990942eb23","block_type":"box","text":"£","page_number":54,"box":{"x":833,"y":370,"width":7,"height":7}},{"id":"73473ee5-3713-44c6-b34c-8a36d50e2d27","block_type":"box","text":"Total","page_number":54,"box":{"x":926,"y":359,"width":30,"height":7}},{"id":"9b85489f-5757-4d5f-badd-2692c479d97f","block_type":"box","text":"£","page_number":54,"box":{"x":950,"y":370,"width":7,"height":7}},{"id":"bfd3ff3e-f307-4e4b-af35-d2826641c416","block_type":"box","text":"Equities","page_number":54,"box":{"x":45,"y":388,"width":58,"height":11}},{"id":"9abaf0df-6e5a-45f0-8294-4d61dfea333f","block_type":"box","text":"405,058,010","page_number":54,"box":{"x":514,"y":388,"width":92,"height":11}},{"id":"a673c625-6271-4055-96f1-c0a618c2b044","block_type":"box","text":"–","page_number":54,"box":{"x":715,"y":393,"width":9,"height":1}},{"id":"6153eef2-d9e4-46e0-b4e7-80c4aca1c798","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":393,"width":10,"height":1}},{"id":"0c1172cc-5331-4228-8237-b0ceb5a09a0c","block_type":"box","text":"405,058,010","page_number":54,"box":{"x":864,"y":388,"width":92,"height":11}},{"id":"2a64153f-3d6d-4ac8-a030-4da69aac69da","block_type":"box","text":"Forward Currency Contracts","page_number":54,"box":{"x":46,"y":404,"width":208,"height":11}},{"id":"28d3944c-ef7e-4a18-95b1-4179e57755ad","block_type":"box","text":"–","page_number":54,"box":{"x":598,"y":409,"width":9,"height":1}},{"id":"17278af9-a0de-46f3-ba6c-f4df8069e3db","block_type":"box","text":"488,045","page_number":54,"box":{"x":663,"y":404,"width":60,"height":10}},{"id":"71035c53-c90f-4f8d-8a3f-ce389347ed62","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":409,"width":10,"height":1}},{"id":"e6c815fb-59eb-466e-b33b-47fdc0ae73be","block_type":"box","text":"488,045","page_number":54,"box":{"x":897,"y":404,"width":59,"height":10}},{"id":"0c368fe3-d84a-482a-949b-5e82e59f4d00","block_type":"box","text":"405,058,010","page_number":54,"box":{"x":514,"y":420,"width":92,"height":10}},{"id":"0980ed9f-b452-4766-a7f0-e016a6657f7f","block_type":"box","text":"488,045","page_number":54,"box":{"x":663,"y":420,"width":60,"height":10}},{"id":"4c7199e3-fc49-44e8-ba5a-a315b217f25d","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":425,"width":10,"height":1}},{"id":"0956242a-5ecd-4a14-9338-2b595a584c74","block_type":"box","text":"405,546,055","page_number":54,"box":{"x":864,"y":420,"width":92,"height":10}},{"id":"e0c545da-84b6-42ad-b413-5f10d22da83b","block_type":"box","text":"Financial Liabilities","page_number":54,"box":{"x":45,"y":452,"width":122,"height":7}},{"id":"db6d9831-63eb-42aa-9544-63c57108ccd4","block_type":"box","text":"Forward Currency Contracts","page_number":54,"box":{"x":46,"y":470,"width":208,"height":11}},{"id":"76392080-4c4f-4cd9-9092-6843b2d01939","block_type":"box","text":"–","page_number":54,"box":{"x":598,"y":475,"width":9,"height":1}},{"id":"818b2f18-6abc-498a-8e9e-96b5c4e66335","block_type":"box","text":"(81,488)","page_number":54,"box":{"x":662,"y":470,"width":61,"height":11}},{"id":"bf229074-b51f-4da7-bff1-8db020334b3a","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":475,"width":10,"height":1}},{"id":"ab64c8ee-54bc-4320-806f-19465fb369d1","block_type":"box","text":"(81,488)","page_number":54,"box":{"x":896,"y":470,"width":61,"height":11}},{"id":"7f3ba3a7-abf2-47da-aaf4-d049e8bef986","block_type":"box","text":"–","page_number":54,"box":{"x":598,"y":491,"width":9,"height":1}},{"id":"2e19cf0e-73ed-4ecf-9658-b5c7406c9612","block_type":"box","text":"(81,488)","page_number":54,"box":{"x":662,"y":486,"width":61,"height":11}},{"id":"f8b5cf5f-39ed-45b8-aa60-a24192f5101d","block_type":"box","text":"–","page_number":54,"box":{"x":831,"y":491,"width":10,"height":1}},{"id":"97ce642e-b11f-4cfb-9c8d-019479e14e6f","block_type":"box","text":"(81,488)","page_number":54,"box":{"x":896,"y":486,"width":61,"height":11}},{"id":"72ea1d5d-0aac-493c-9ba2-2fab9f710e41","block_type":"box","text":"1","page_number":54,"box":{"x":43,"y":529,"width":2,"height":4}},{"id":"211bdfe9-42a5-4322-8af7-9d6c49f4299c","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":54,"box":{"x":46,"y":529,"width":910,"height":9}},{"id":"a020389f-8c60-4c9f-aa42-6baa28cfe473","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":54,"box":{"x":42,"y":541,"width":915,"height":9}},{"id":"bb1c233b-109c-4ee2-9b16-ef5edf0fdd5d","block_type":"box","text":"shareholders.","page_number":54,"box":{"x":42,"y":552,"width":80,"height":7}},{"id":"c1ab4f75-c77a-4de3-a0ff-da65d425045b","block_type":"box","text":"Level 1","page_number":54,"box":{"x":43,"y":584,"width":53,"height":9}},{"id":"56db7f4d-68d4-4f97-b6ff-16bd6f1752bf","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":54,"box":{"x":42,"y":597,"width":920,"height":11}},{"id":"f7547b04-855b-4134-911d-7cd09086aacc","block_type":"box","text":"date.","page_number":54,"box":{"x":42,"y":610,"width":36,"height":9}},{"id":"570af4c0-b0c6-4754-992a-9a1d5bd9b11b","block_type":"box","text":"Level 2","page_number":54,"box":{"x":43,"y":635,"width":55,"height":9}},{"id":"a30e7a15-d2e8-4f09-901a-65829d9a5a56","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":54,"box":{"x":42,"y":648,"width":894,"height":11}},{"id":"953ea4c4-bf97-4ec8-a1cb-635675c85337","block_type":"box","text":"Level 3","page_number":54,"box":{"x":43,"y":673,"width":55,"height":9}},{"id":"2903529a-7959-427c-a68e-4b11d5b1732c","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":54,"box":{"x":42,"y":686,"width":678,"height":11}},{"id":"fb41b366-accb-428a-939f-6bfec7807a94","block_type":"box","text":"54","page_number":55,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"b73f9011-40c2-479c-a30a-f7d52cd283ab","block_type":"box","text":"55","page_number":55,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"f52366a5-fc61-4214-b094-b4dd2f781d5e","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":55,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"6fe7cfd5-742a-4b94-aa8f-66bc84eb9855","block_type":"box","text":"Investment Objective and Policy","page_number":55,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"0c4e02a6-d188-41d2-b28c-b24835feadd3","block_type":"box","text":"Investment Objective","page_number":55,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"fabd71bf-3835-4b09-8cc3-3c4e756b8046","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":55,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"821c4584-8719-450b-a098-d8934ecbeca8","block_type":"box","text":"investment value and income) by 4% per year more than the","page_number":55,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"bdd2dba5-95b2-43b8-ba2e-2deceab7c6a8","block_type":"box","text":"Consumer Price Index (CPI) over a rolling 5 year period after","page_number":55,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"fe0b2d54-742d-49f7-9c48-53e99ce3957f","block_type":"box","text":"deducting fees and costs.","page_number":55,"box":{"x":42,"y":152,"width":189,"height":11}},{"id":"24acdbac-18d7-43b7-bf88-7e1546d40912","block_type":"box","text":"Investment Policy","page_number":55,"box":{"x":43,"y":177,"width":141,"height":11}},{"id":"e02a5340-e2ad-4b2b-ab18-1779d8ae79fa","block_type":"box","text":"Investments","page_number":55,"box":{"x":43,"y":192,"width":89,"height":8}},{"id":"f37026dc-4bca-4c6c-ab9d-d5e25e853c74","block_type":"box","text":"In normal market conditions, we invest at least 75% of the","page_number":55,"box":{"x":43,"y":216,"width":449,"height":11}},{"id":"f5c14d5e-4a72-41ec-9d3f-5bf880cd7942","block_type":"box","text":"sub-fund in the shares of companies from around the world.","page_number":55,"box":{"x":42,"y":231,"width":450,"height":11}},{"id":"c4008315-53ac-4c12-8a1f-943439875e66","block_type":"box","text":"We may however hold more or substantially less than 75% of","page_number":55,"box":{"x":42,"y":245,"width":450,"height":11}},{"id":"c593946c-1197-4ef1-aaae-a67e2024a700","block_type":"box","text":"the sub-fund in shares when we deem it appropriate in order","page_number":55,"box":{"x":42,"y":259,"width":450,"height":11}},{"id":"ed6789a3-2e7e-4198-9584-7a8ff22aa54a","block_type":"box","text":"to manage difficult market conditions.","page_number":55,"box":{"x":42,"y":273,"width":281,"height":12}},{"id":"c9a68f1d-d6e2-4945-bd4c-467ece2c8112","block_type":"box","text":"We also invest in derivatives to manage the risk associated","page_number":55,"box":{"x":42,"y":299,"width":450,"height":11}},{"id":"97bbb11c-f9a2-4b48-aa41-62ecd3717c17","block_type":"box","text":"with investments in shares. Derivatives are financial","page_number":55,"box":{"x":42,"y":313,"width":450,"height":8}},{"id":"c373aa3b-a45c-4f52-89a3-a92958485bc5","block_type":"box","text":"contracts whose value is linked to the price of another asset","page_number":55,"box":{"x":42,"y":327,"width":450,"height":11}},{"id":"5d7fcde0-d3f6-4a36-b5f9-703e17e6ddc3","block_type":"box","text":"(e.g. indices, rates, share prices, currencies).","page_number":55,"box":{"x":43,"y":341,"width":332,"height":11}},{"id":"2289289f-76d7-4b1e-8514-e0ebd22ec9ae","block_type":"box","text":"We may also invest in cash or bonds or units in funds","page_number":55,"box":{"x":42,"y":366,"width":450,"height":11}},{"id":"d64f9c28-1484-4343-9c30-599fe270735a","block_type":"box","text":"(including those managed by Sarasin).","page_number":55,"box":{"x":43,"y":380,"width":284,"height":11}},{"id":"2219232e-7a50-4526-813a-5347497bc888","block_type":"box","text":"Alternative investments include, but are not limited to,","page_number":55,"box":{"x":42,"y":405,"width":450,"height":11}},{"id":"c804fce2-56ef-43f4-8ddc-e1e5e2e8a2bc","block_type":"box","text":"infrastructure, commodities and private equity/venture capital","page_number":55,"box":{"x":43,"y":419,"width":449,"height":12}},{"id":"b5a5e235-f793-4bb1-8249-0d35745ea67b","block_type":"box","text":"which may be accessed through listed investment trusts and","page_number":55,"box":{"x":42,"y":434,"width":450,"height":11}},{"id":"2b387eff-dbdd-4767-b896-27c2c7ce5f88","block_type":"box","text":"open-ended funds or other financial instruments.","page_number":55,"box":{"x":42,"y":448,"width":359,"height":11}},{"id":"7c4fb40d-2d35-436e-87d8-22aaac59cafe","block_type":"box","text":"Investment Selection","page_number":55,"box":{"x":43,"y":473,"width":154,"height":9}},{"id":"bdc6f12e-3457-4776-bb20-a1a80d04b441","block_type":"box","text":"We carefully select the sub-fund’s investments and have free","page_number":55,"box":{"x":42,"y":498,"width":450,"height":11}},{"id":"e9aafc05-70f2-473b-9fed-105d05b2a87b","block_type":"box","text":"choice to select companies from any country/region, sector","page_number":55,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"bfd1835e-be6b-4db3-99e8-f58ddcb40d61","block_type":"box","text":"or industry.","page_number":55,"box":{"x":42,"y":527,"width":80,"height":11}},{"id":"236e46de-d03b-4c2e-8ba0-4e945732ff6c","block_type":"box","text":"We identify the long-term investment themes that drive","page_number":55,"box":{"x":42,"y":551,"width":450,"height":12}},{"id":"bb958128-32f5-48d3-85b4-3b4e8d5e6e03","block_type":"box","text":"growth and lead to disruption in global economies and","page_number":55,"box":{"x":42,"y":566,"width":450,"height":11}},{"id":"2a3d2fca-783a-4070-bbe4-a09f00f34c83","block_type":"box","text":"industries. We believe that these themes are likely to result","page_number":55,"box":{"x":43,"y":580,"width":449,"height":11}},{"id":"8ebe537e-fdb9-4822-a104-f66eb902336a","block_type":"box","text":"in structural consequences for company performance which","page_number":55,"box":{"x":43,"y":594,"width":449,"height":11}},{"id":"8b549f26-1c07-40ad-b680-bd2ce99d641f","block_type":"box","text":"will be reflected in their share price. We select companies","page_number":55,"box":{"x":42,"y":608,"width":450,"height":11}},{"id":"3616456e-f7fb-49a5-ac3b-3ea37937ef17","block_type":"box","text":"which are most likely to benefit from our investment themes,","page_number":55,"box":{"x":42,"y":623,"width":450,"height":11}},{"id":"094090c7-d02f-4da8-8aae-07fb87887c00","block_type":"box","text":"and are well placed to grow their revenues and cash flows as","page_number":55,"box":{"x":42,"y":637,"width":450,"height":11}},{"id":"9a79e36b-61f8-4085-974e-a671f9128e42","block_type":"box","text":"a result of them, based on our own analysis.","page_number":55,"box":{"x":42,"y":651,"width":327,"height":11}},{"id":"689e934b-8baa-4040-972d-856a735cee54","block_type":"box","text":"Integral to this analysis is the Sarasin Sustainability Impact","page_number":55,"box":{"x":43,"y":676,"width":449,"height":11}},{"id":"432a840a-3215-4f5a-9493-f87ff15d691d","block_type":"box","text":"Matrix (“SIM”) - an in-house tool devised to examine and","page_number":55,"box":{"x":43,"y":690,"width":443,"height":12}},{"id":"3135984a-648a-4e81-962e-f0fc7ce3e761","block_type":"box","text":"quantify any material environmental, social and/or governance","page_number":55,"box":{"x":42,"y":705,"width":445,"height":11}},{"id":"08dbb3c4-224b-422f-b258-fc3ca135bffe","block_type":"box","text":"(“ESG”) factors. A comprehensive assessment of the related","page_number":55,"box":{"x":43,"y":719,"width":443,"height":11}},{"id":"9cf3b096-bac9-4449-aff8-560a14be68ba","block_type":"box","text":"risks and opportunities resulting from these factors that are","page_number":55,"box":{"x":43,"y":733,"width":444,"height":11}},{"id":"b4f4681c-022c-42f5-b42b-d02e06465731","block_type":"box","text":"identified through the SIM, are then embedded within our","page_number":55,"box":{"x":43,"y":747,"width":445,"height":12}},{"id":"322f05e1-4a0f-4624-af0a-c51c5e5216bd","block_type":"box","text":"financial modelling and analysis of companies.","page_number":55,"box":{"x":42,"y":762,"width":344,"height":11}},{"id":"b0e7aef1-7805-47ce-885f-baf591e37d63","block_type":"box","text":"The sub-fund will not therefore always exclude holdings for","page_number":55,"box":{"x":42,"y":787,"width":446,"height":11}},{"id":"713bc7ab-4e21-499a-9a7f-ad9f3070285f","block_type":"box","text":"which material environmental, social and/or governance","page_number":55,"box":{"x":42,"y":801,"width":445,"height":11}},{"id":"322a5282-e98e-44f5-8e8b-2cbc4f692659","block_type":"box","text":"risks have been identified.","page_number":55,"box":{"x":43,"y":815,"width":192,"height":9}},{"id":"933f756e-1a72-47f4-871b-1d585ef9e11f","block_type":"box","text":"Stewardship","page_number":55,"box":{"x":513,"y":79,"width":91,"height":11}},{"id":"90f3abd2-4fd3-4303-ab11-73cc3519c565","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":55,"box":{"x":513,"y":104,"width":449,"height":11}},{"id":"9b1859dc-040d-41d3-95d4-1ad7ad71034b","block_type":"box","text":"engage, as far as possible, with underlying issuers (both","page_number":55,"box":{"x":512,"y":118,"width":450,"height":12}},{"id":"12dd87a0-9bc5-49e0-b690-c9bbf1eba96d","block_type":"box","text":"shares and corporate bonds) to promote actions to mitigate","page_number":55,"box":{"x":512,"y":133,"width":450,"height":11}},{"id":"75e904ce-be96-41a7-b926-c6fa66efec32","block_type":"box","text":"material environmental, social and/or governance risks","page_number":55,"box":{"x":513,"y":147,"width":449,"height":11}},{"id":"c366fa4e-8700-4128-bcbc-6ed4dc2e7e81","block_type":"box","text":"identified through the SIM or other analysis. Engagements","page_number":55,"box":{"x":513,"y":161,"width":449,"height":11}},{"id":"f2717b64-b52c-4c90-9099-97f395e38b1c","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":55,"box":{"x":512,"y":175,"width":450,"height":12}},{"id":"74b9afaa-c2e6-4997-8940-ec1a0a059605","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":55,"box":{"x":512,"y":190,"width":450,"height":11}},{"id":"6e00e03b-b3ac-423f-96de-9802f8e37df6","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":55,"box":{"x":512,"y":204,"width":450,"height":11}},{"id":"18a3d3f2-308e-4424-b6c1-1b2afe66b811","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":55,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"790a3fdb-fb21-4239-a9a7-4ac988b65ac9","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":55,"box":{"x":512,"y":232,"width":450,"height":9}},{"id":"f942a7e9-a5af-4e08-9ad3-1c0508c436b8","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":55,"box":{"x":512,"y":247,"width":317,"height":11}},{"id":"9b39df9e-3d53-42f5-9f24-5c4b7caa43e6","block_type":"box","text":"Voting is integral to our engagements work where we","page_number":55,"box":{"x":512,"y":272,"width":450,"height":11}},{"id":"6412adce-8a4d-474e-bc7f-acb42482a994","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":55,"box":{"x":512,"y":286,"width":450,"height":11}},{"id":"ec401140-0637-43c4-ac73-4432eb2a6dce","block_type":"box","text":"votes on routine items are aligned with our engagement","page_number":55,"box":{"x":512,"y":300,"width":450,"height":11}},{"id":"06cc648e-d68e-47cd-ac86-ea8e3fdd4953","block_type":"box","text":"priorities. Our Corporate Governance and Voting Guidelines","page_number":55,"box":{"x":513,"y":314,"width":449,"height":12}},{"id":"da989bd1-d4fb-456c-8cc4-5b5e899eff9b","block_type":"box","text":"are updated annually and published on our website at","page_number":55,"box":{"x":512,"y":329,"width":450,"height":11}},{"id":"ab38ccef-6b6d-483a-86eb-b8165bc366c1","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":55,"box":{"x":512,"y":343,"width":444,"height":11}},{"id":"d12481c6-39bc-4b56-8a48-767df25954f0","block_type":"box","text":"you/.","page_number":55,"box":{"x":512,"y":357,"width":35,"height":11}},{"id":"5ad2081e-79c7-4995-b913-560c3780d592","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":55,"box":{"x":513,"y":382,"width":449,"height":11}},{"id":"c44ea281-2cf8-4510-8544-12f0637aee17","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":55,"box":{"x":512,"y":396,"width":450,"height":12}},{"id":"72037dd8-b7d3-46a0-a3a9-bc9c2a53e9ca","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":55,"box":{"x":513,"y":411,"width":449,"height":11}},{"id":"96d580a8-ded4-4455-8269-c1699f8b4eb7","block_type":"box","text":"long-term financial performance for investors.","page_number":55,"box":{"x":513,"y":425,"width":334,"height":11}},{"id":"c033754a-81ae-401a-9645-6b40a7781fb9","block_type":"box","text":"Additional Techniques","page_number":55,"box":{"x":511,"y":450,"width":164,"height":11}},{"id":"0a445e6c-771d-41dd-8b23-ca9fce9efb5c","block_type":"box","text":"We use derivatives to adjust how sensitive the sub-fund is to","page_number":55,"box":{"x":512,"y":475,"width":450,"height":11}},{"id":"34d51b11-52db-4b50-8df2-7b8d45f06ce1","block_type":"box","text":"changes in currencies, to act on opportunities or control risk,","page_number":55,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"cefe0e28-0671-4972-a366-70dc527b51bc","block_type":"box","text":"to gain cost-effective access to investments, and to generate","page_number":55,"box":{"x":512,"y":503,"width":450,"height":12}},{"id":"3a565c7d-f967-4beb-be44-f15c711e239e","block_type":"box","text":"income. We usually aim for the sub-fund’s exposure to","page_number":55,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"e45b3a57-c5d2-4a43-b195-29b0de0c7681","block_type":"box","text":"Sterling to be the same as the blended benchmark.","page_number":55,"box":{"x":512,"y":532,"width":378,"height":11}},{"id":"d519dd76-aeb4-40f9-b44a-7b370222e41b","block_type":"box","text":"Sustainability Labels","page_number":55,"box":{"x":512,"y":557,"width":166,"height":11}},{"id":"b01e0a98-c111-473a-9d8a-0b47ba79d08f","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":55,"box":{"x":512,"y":571,"width":450,"height":11}},{"id":"357d145d-976c-49cf-87bd-fecb991c435b","block_type":"box","text":"specific sustainability goal.","page_number":55,"box":{"x":512,"y":585,"width":196,"height":11}},{"id":"0cde5811-a8d2-4210-bcbd-7cb7298699b6","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":55,"box":{"x":512,"y":610,"width":450,"height":11}},{"id":"ac66f6cc-059e-47af-985d-3e870c8829e2","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":55,"box":{"x":512,"y":624,"width":450,"height":12}},{"id":"04f37ef1-d5b2-4ffd-afda-292b16ac088a","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":55,"box":{"x":513,"y":639,"width":449,"height":11}},{"id":"84bd9a1c-89fb-4e84-99e4-83073935e96b","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":55,"box":{"x":512,"y":653,"width":450,"height":11}},{"id":"482ecd07-86f8-46a0-9acd-cb471eb41f49","block_type":"box","text":"sustainability investment label.","page_number":55,"box":{"x":512,"y":667,"width":231,"height":11}},{"id":"64628a04-ded4-4ed9-b387-6387086bedbc","block_type":"box","text":"Benchmark Information","page_number":55,"box":{"x":513,"y":692,"width":186,"height":9}},{"id":"c92d0183-16f2-438b-907f-94da34538f78","block_type":"box","text":"Investors may compare the sub-fund’s performance to the","page_number":55,"box":{"x":513,"y":706,"width":443,"height":12}},{"id":"1b3305ca-02de-4d3d-bad6-557b032edf54","block_type":"box","text":"Investment Association Global sector. Many funds sold in the","page_number":55,"box":{"x":513,"y":721,"width":443,"height":11}},{"id":"b81fb1c2-44f6-4867-b2d8-032ca7754552","block_type":"box","text":"UK are grouped into sectors by the Investment Association","page_number":55,"box":{"x":513,"y":735,"width":443,"height":11}},{"id":"dacd060e-e4ca-4e6c-b945-f32c12d8fedc","block_type":"box","text":"(the trade body that represents UK investment managers),","page_number":55,"box":{"x":513,"y":749,"width":443,"height":11}},{"id":"73fbcf04-8baa-4a00-8045-8232196cdd14","block_type":"box","text":"to help investors to compare funds with broadly similar","page_number":55,"box":{"x":512,"y":763,"width":445,"height":12}},{"id":"dbf9dabc-6e5a-4275-a9fd-0bbaed071b42","block_type":"box","text":"characteristics. This sub-fund is classified in the IA Global","page_number":55,"box":{"x":512,"y":778,"width":444,"height":9}},{"id":"e02536de-74f8-47ac-ad6d-77a6d089c1db","block_type":"box","text":"Sector and assessing the sub-fund’s performance against","page_number":55,"box":{"x":512,"y":792,"width":445,"height":11}},{"id":"d3847f8e-20cc-49f8-84e6-956e725a692b","block_type":"box","text":"this sector will allow investors to compare how the sub-fund","page_number":55,"box":{"x":512,"y":806,"width":444,"height":11}},{"id":"7606c9a4-b7e2-4d91-b2f7-699010564843","block_type":"box","text":"is performing relative to its peers.","page_number":55,"box":{"x":513,"y":820,"width":244,"height":12}},{"id":"bcbfe46f-2751-435f-9524-3ba21199a5ee","block_type":"box","text":"55","page_number":56,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"1d5d4400-4094-48aa-928c-0e19385b7075","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":56,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"051bc633-c72e-4d03-a1a3-c896356ebe8c","block_type":"box","text":"Sensitivity Analysis","page_number":56,"box":{"x":42,"y":104,"width":162,"height":11}},{"id":"81cfe6a0-d174-4fa3-b69c-d10597baade7","block_type":"box","text":"The exposure to equity markets is then reduced through","page_number":56,"box":{"x":42,"y":118,"width":450,"height":12}},{"id":"88e993bb-42fd-4c45-957c-33bbadec648b","block_type":"box","text":"the use of short futures and options. Exposure to foreign","page_number":56,"box":{"x":42,"y":133,"width":450,"height":11}},{"id":"9ed66f6f-2599-4ded-9500-60a33bd0ee21","block_type":"box","text":"currencies is also altered through the use of forwards and","page_number":56,"box":{"x":42,"y":147,"width":450,"height":11}},{"id":"44e4ac00-4361-4116-a6ee-dfed3fefb379","block_type":"box","text":"occasionally options. The level of equity exposure varies over","page_number":56,"box":{"x":42,"y":161,"width":450,"height":11}},{"id":"a10627db-a117-407a-8165-2a94dbfb926c","block_type":"box","text":"time depending on how positive the manager is; generally","page_number":56,"box":{"x":42,"y":175,"width":450,"height":12}},{"id":"4a2a56f5-5b65-4eb4-b8d2-715e0bd03fb9","block_type":"box","text":"the level has been in the range of 50-100%.","page_number":56,"box":{"x":42,"y":190,"width":329,"height":11}},{"id":"f55c4295-4e1a-4e19-a7f1-2d1e91d847f6","block_type":"box","text":"Options are used on individual stocks to implement views","page_number":56,"box":{"x":43,"y":215,"width":449,"height":11}},{"id":"0d75ba87-fc9f-4dc1-ab36-bbb15a59afe3","block_type":"box","text":"on specific stocks. Views on volatility are sometimes taken","page_number":56,"box":{"x":42,"y":229,"width":450,"height":11}},{"id":"b02f06f4-9b52-41c8-b602-477dd19182bc","block_type":"box","text":"using either options or swaps.","page_number":56,"box":{"x":43,"y":243,"width":220,"height":11}},{"id":"3c98fb36-ce8c-4011-bd78-8db241e60344","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":56,"box":{"x":43,"y":268,"width":449,"height":9}},{"id":"148a305c-9697-4a5f-adfd-2e988a3002fc","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":56,"box":{"x":43,"y":282,"width":449,"height":12}},{"id":"1deb19d2-4fcd-476b-a114-e0cbb54f6b1a","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":56,"box":{"x":42,"y":297,"width":450,"height":10}},{"id":"10c87cb0-5d33-4d49-9b75-f883ae167533","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":56,"box":{"x":42,"y":311,"width":450,"height":11}},{"id":"545083cc-7643-4816-a99d-ce1e7fcaa835","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":56,"box":{"x":42,"y":325,"width":450,"height":11}},{"id":"d2321976-9a75-46b6-a8a5-07ddae6dff9d","block_type":"box","text":"Carlo simulation methodology.","page_number":56,"box":{"x":43,"y":339,"width":222,"height":12}},{"id":"4083b00d-109c-48c4-a63c-c38fc961eed2","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":56,"box":{"x":42,"y":364,"width":450,"height":11}},{"id":"08a53f5b-169b-4eb3-802e-47d4ea5b58cd","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":56,"box":{"x":43,"y":378,"width":449,"height":12}},{"id":"12806e40-c676-4c54-b753-30cf5c9a257f","block_type":"box","text":"portfolio over a specific timeframe.","page_number":56,"box":{"x":43,"y":393,"width":253,"height":11}},{"id":"30920f8c-a014-4d15-9c2d-09593da55e95","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":56,"box":{"x":42,"y":418,"width":450,"height":11}},{"id":"6be36d4e-1258-4060-93bb-03a8dcf5852c","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":56,"box":{"x":43,"y":432,"width":449,"height":11}},{"id":"127d75a1-2d3a-49ec-8b6b-22bad446fbda","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":56,"box":{"x":43,"y":446,"width":449,"height":11}},{"id":"c264d4bd-638e-4d66-a50f-8af765fd7a40","block_type":"box","text":"based on the 99th percentile.","page_number":56,"box":{"x":43,"y":461,"width":214,"height":11}},{"id":"154b5322-df0f-44ca-a15e-6e6e8a755f2b","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Global Equity Real","page_number":56,"box":{"x":42,"y":485,"width":450,"height":12}},{"id":"9db4a0ac-696f-45de-b0ab-1569ec8c449a","block_type":"box","text":"Return, as at","page_number":56,"box":{"x":43,"y":500,"width":102,"height":10}},{"id":"d86e1627-fa51-4d0f-8e0d-2b3b4cabea71","block_type":"box","text":"3","page_number":56,"box":{"x":146,"y":500,"width":8,"height":9}},{"id":"e4a70c5e-c6b8-4772-8b04-bc19ad332cb0","block_type":"box","text":"Ju","page_number":56,"box":{"x":155,"y":500,"width":22,"height":9}},{"id":"919cbf5b-7bef-4539-afd3-409bec0a8a76","block_type":"box","text":"ly","page_number":56,"box":{"x":179,"y":500,"width":11,"height":11}},{"id":"5eeab545-476d-4142-ad23-ff919d35ce77","block_type":"box","text":"202","page_number":56,"box":{"x":190,"y":500,"width":33,"height":9}},{"id":"2907b48c-a9bb-4b20-9326-2975f8b8333b","block_type":"box","text":"6","page_number":56,"box":{"x":225,"y":500,"width":8,"height":9}},{"id":"537facd9-f474-4be8-a68f-63d541f55dc0","block_type":"box","text":", was 8.12% (","page_number":56,"box":{"x":235,"y":500,"width":102,"height":11}},{"id":"47653415-586b-46b9-9b36-5305d3576df8","block_type":"box","text":"31 December 202","page_number":56,"box":{"x":339,"y":500,"width":134,"height":9}},{"id":"e2f06d65-8594-4358-9cb0-2bc8171e9693","block_type":"box","text":"5","page_number":56,"box":{"x":474,"y":500,"width":8,"height":9}},{"id":"9cbe52cc-44b8-4082-85a5-749708f69745","block_type":"box","text":":","page_number":56,"box":{"x":484,"y":502,"width":8,"height":6}},{"id":"2b437891-ecae-4909-8c38-2da7c845e80c","block_type":"box","text":"6.85%). The lowest, highest, and average utilisation in","page_number":56,"box":{"x":42,"y":514,"width":450,"height":11}},{"id":"13f4d5ac-a34e-4740-86da-8eef9f998421","block_type":"box","text":"the period was 6.43%, 8.48% and 7.25%, respectively","page_number":56,"box":{"x":42,"y":528,"width":450,"height":11}},{"id":"588a1a2e-7dc9-4c15-9c08-09ca9dcae3c0","block_type":"box","text":"(","page_number":56,"box":{"x":43,"y":543,"width":4,"height":11}},{"id":"c64ec538-32a2-4790-a3dd-0177e84539da","block_type":"box","text":"31 December 202","page_number":56,"box":{"x":48,"y":543,"width":129,"height":8}},{"id":"f8a9ee50-c0ae-4144-ae38-d2256b6e800e","block_type":"box","text":"5","page_number":56,"box":{"x":179,"y":543,"width":8,"height":8}},{"id":"67005ef6-08e2-4d15-a8a7-13302d7261f3","block_type":"box","text":": 5.34%, 7.41% and 6.70%, respectively).","page_number":56,"box":{"x":189,"y":542,"width":297,"height":12}},{"id":"59da3c75-3b12-4a47-b85b-ae0fa1c80aba","block_type":"box","text":"56","page_number":57,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"0964fba5-0a14-40a9-b966-dc2a9ea59487","block_type":"box","text":"57","page_number":57,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"8107e64e-21a2-4b77-968d-3331824709b0","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":57,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"dfe5fe88-e5ba-4a80-88c9-c78cf4456ae3","block_type":"box","text":"Investment Review \r\new","page_number":57,"box":{"x":43,"y":95,"width":186,"height":10}},{"id":"0601bb60-dd57-4947-90d3-165149014288","block_type":"box","text":"Investment Review","page_number":57,"box":{"x":42,"y":105,"width":1,"height":0}},{"id":"2f386efa-31b5-4a28-bc80-0f2de96d533b","block_type":"box","text":"Sub-fund Performance","page_number":57,"box":{"x":42,"y":111,"width":180,"height":9}},{"id":"79d37608-689b-45d9-ac49-145765f0eebf","block_type":"box","text":"Cumulative performance","page_number":57,"box":{"x":49,"y":129,"width":196,"height":11}},{"id":"5e139e26-de9c-4196-8fcf-604d6131bb4f","block_type":"box","text":"6 mos","page_number":57,"box":{"x":452,"y":137,"width":45,"height":8}},{"id":"11f2ad3f-bbde-40b3-981b-509a0f6dcc7f","block_type":"box","text":"1 yr","page_number":57,"box":{"x":569,"y":137,"width":26,"height":11}},{"id":"1b901e11-d4f5-4f7a-8423-2063d2a73110","block_type":"box","text":"3 yrs","page_number":57,"box":{"x":670,"y":137,"width":35,"height":11}},{"id":"655beec2-6d37-42fa-9253-3cacbe3a50fd","block_type":"box","text":"5 yrs","page_number":57,"box":{"x":777,"y":137,"width":35,"height":11}},{"id":"a40683a1-c737-4acd-9356-8556dcb83ccc","block_type":"box","text":"Since","page_number":57,"box":{"x":881,"y":129,"width":46,"height":9}},{"id":"dffa77d6-a9a1-4d33-9ce4-d18dd5e6f544","block_type":"box","text":"Inception","page_number":57,"box":{"x":869,"y":144,"width":66,"height":11}},{"id":"b0c41856-16a4-4459-9e5a-740b4f32c86f","block_type":"box","text":"01 Jan 26 -","page_number":57,"box":{"x":433,"y":161,"width":88,"height":9}},{"id":"1f385380-212d-44df-bb09-2d77a091016b","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":441,"y":176,"width":67,"height":9}},{"id":"4cb89ced-637b-4ac9-9da1-e99ea63f313c","block_type":"box","text":"01 Jul 25 -","page_number":57,"box":{"x":543,"y":161,"width":82,"height":9}},{"id":"9c95851f-3085-44d0-b38c-5f40fae1cfeb","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":548,"y":176,"width":66,"height":9}},{"id":"316fa8b8-c1e1-4a90-af17-360fbdc47178","block_type":"box","text":"01 Jul 23 -","page_number":57,"box":{"x":649,"y":161,"width":83,"height":9}},{"id":"da523a96-aa70-48b7-9f53-c77012891508","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":654,"y":176,"width":67,"height":9}},{"id":"cd4bd85e-8911-4dcc-83be-954ddee4d560","block_type":"box","text":"01 Jul 21 -","page_number":57,"box":{"x":756,"y":161,"width":82,"height":9}},{"id":"8bb4f0f1-c016-45d8-a122-f7e9d2d009c2","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":761,"y":176,"width":67,"height":9}},{"id":"36e0c1fc-3efd-407f-a1e6-ffa91bf2354e","block_type":"box","text":"08 May 06 -","page_number":57,"box":{"x":858,"y":161,"width":93,"height":12}},{"id":"141b3c11-a21b-4583-b1ba-c68a200ec41e","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":868,"y":176,"width":67,"height":9}},{"id":"4e7e7549-51ee-42a6-8a3e-bdfc9aa5eb5e","block_type":"box","text":"%","page_number":57,"box":{"x":468,"y":198,"width":13,"height":9}},{"id":"7a2715c7-1c40-471c-962f-7c2fd922c415","block_type":"box","text":"%","page_number":57,"box":{"x":575,"y":198,"width":13,"height":9}},{"id":"96a24325-7987-47d2-8bd1-371d5d4a14ba","block_type":"box","text":"%","page_number":57,"box":{"x":681,"y":198,"width":13,"height":9}},{"id":"fc35defa-8134-4695-bc34-04160539b0a5","block_type":"box","text":"%","page_number":57,"box":{"x":788,"y":198,"width":13,"height":9}},{"id":"8706ccbf-8844-4e56-a47e-de51ddfe20f5","block_type":"box","text":"%","page_number":57,"box":{"x":895,"y":198,"width":13,"height":9}},{"id":"50e00377-50d5-498b-afd2-177298a00dfb","block_type":"box","text":"Fund","page_number":57,"box":{"x":50,"y":211,"width":36,"height":9}},{"id":"23c9f7b9-a528-4c74-a108-43c01ccc93b9","block_type":"box","text":"P Acc (Net)","page_number":57,"box":{"x":308,"y":211,"width":83,"height":11}},{"id":"4c2e1114-c7de-46b1-82c3-ccfb3c6263eb","block_type":"box","text":"5.50","page_number":57,"box":{"x":459,"y":211,"width":31,"height":9}},{"id":"b444186d-1d4a-466f-b15b-7e8fa5b4fd4d","block_type":"box","text":"9.50","page_number":57,"box":{"x":565,"y":211,"width":32,"height":9}},{"id":"0b0a385b-871f-46da-a4ce-8bfc5ad5353b","block_type":"box","text":"26.40","page_number":57,"box":{"x":667,"y":211,"width":41,"height":9}},{"id":"08cd070c-1771-4e2d-9aca-d3138c5ca5c9","block_type":"box","text":"15.20","page_number":57,"box":{"x":775,"y":211,"width":39,"height":9}},{"id":"1271c975-f56c-460a-8922-3300b16aa73a","block_type":"box","text":"176.90","page_number":57,"box":{"x":878,"y":211,"width":49,"height":9}},{"id":"3ea77b83-a43d-4aa2-bf77-4c428a045e43","block_type":"box","text":"Comparator","page_number":57,"box":{"x":49,"y":225,"width":88,"height":12}},{"id":"79aeeafc-335f-4f2c-821b-89c6c1f3f050","block_type":"box","text":"Index","page_number":57,"box":{"x":308,"y":226,"width":40,"height":8}},{"id":"6ea230c3-e98d-4ffa-8deb-2d57ef789066","block_type":"box","text":"9.00","page_number":57,"box":{"x":459,"y":226,"width":31,"height":8}},{"id":"1ec2fb43-d1a0-44ea-81fd-bc6a68b2c35c","block_type":"box","text":"12.00","page_number":57,"box":{"x":562,"y":226,"width":39,"height":8}},{"id":"bb9bb2bb-07f2-479c-ad83-5dca549b31bd","block_type":"box","text":"27.70","page_number":57,"box":{"x":667,"y":226,"width":41,"height":8}},{"id":"22aadde0-91e5-4603-be12-604461df6bc7","block_type":"box","text":"63.60","page_number":57,"box":{"x":774,"y":226,"width":40,"height":8}},{"id":"61637308-08c1-4e24-a9b3-aa9ae1df5ac0","block_type":"box","text":"324.10","page_number":57,"box":{"x":877,"y":226,"width":50,"height":8}},{"id":"edbb9099-6440-456f-ab2b-b05ed6dce198","block_type":"box","text":"Discrete performance","page_number":57,"box":{"x":50,"y":270,"width":171,"height":11}},{"id":"b237b72f-b85f-4245-896a-9dee8f2b43d7","block_type":"box","text":"01 Jul 25 -","page_number":57,"box":{"x":436,"y":270,"width":82,"height":9}},{"id":"928b4e87-9a88-4bfb-812b-92ed67c7f574","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":441,"y":284,"width":67,"height":9}},{"id":"e039375b-0d4e-4d13-9b1c-89e0f6554ca5","block_type":"box","text":"01 Jul 24 -","page_number":57,"box":{"x":543,"y":270,"width":82,"height":9}},{"id":"cf486066-82b5-4a01-ac3c-edcf361d3f97","block_type":"box","text":"30 Jun 25","page_number":57,"box":{"x":545,"y":284,"width":72,"height":9}},{"id":"39204902-70e5-4819-aa02-e803a02906c9","block_type":"box","text":"01 Jul 23 -","page_number":57,"box":{"x":649,"y":270,"width":83,"height":9}},{"id":"85e2a5fb-7bb6-4f65-b102-ba5393f07741","block_type":"box","text":"30 Jun 24","page_number":57,"box":{"x":652,"y":284,"width":72,"height":9}},{"id":"64e2706a-58e7-4af9-8ef9-f3472f98c587","block_type":"box","text":"01 Jul 22 -","page_number":57,"box":{"x":756,"y":270,"width":82,"height":9}},{"id":"7179fae9-aae9-4f67-b9ce-9b6e2877ee49","block_type":"box","text":"30 Jun 23","page_number":57,"box":{"x":758,"y":284,"width":72,"height":9}},{"id":"d5cdcbf3-b06d-45af-870e-5cddafa42bdf","block_type":"box","text":"01 Jul 21 -","page_number":57,"box":{"x":863,"y":270,"width":83,"height":9}},{"id":"aa55a337-fbc7-45a5-89a0-2fc6d9214a16","block_type":"box","text":"30 Jun 22","page_number":57,"box":{"x":866,"y":284,"width":72,"height":9}},{"id":"d7249f4f-3f7f-4f90-bd33-55600fdd6efb","block_type":"box","text":"%","page_number":57,"box":{"x":468,"y":306,"width":13,"height":9}},{"id":"68425a48-a4c4-4178-995c-fd2c63d9b15d","block_type":"box","text":"%","page_number":57,"box":{"x":575,"y":306,"width":13,"height":9}},{"id":"eec7a610-4b0f-49fb-8881-1489a7433e09","block_type":"box","text":"%","page_number":57,"box":{"x":681,"y":306,"width":13,"height":9}},{"id":"6f1b5cea-db6a-4bf3-b1fb-e9ac9ff363de","block_type":"box","text":"%","page_number":57,"box":{"x":788,"y":306,"width":13,"height":9}},{"id":"c2e82a88-78a8-444e-a590-9bf27979c114","block_type":"box","text":"%","page_number":57,"box":{"x":895,"y":306,"width":13,"height":9}},{"id":"4662d2c8-5509-4b11-af37-303cc7ada124","block_type":"box","text":"Fund","page_number":57,"box":{"x":50,"y":320,"width":36,"height":8}},{"id":"e6e4effd-6cdd-4aca-8aae-b3a780ad414b","block_type":"box","text":"P Acc (Net)","page_number":57,"box":{"x":308,"y":319,"width":83,"height":12}},{"id":"1bfd3d8d-1d37-42be-8f67-1f0f610ece5f","block_type":"box","text":"9.50","page_number":57,"box":{"x":459,"y":319,"width":31,"height":9}},{"id":"9b5d48ed-4594-4f5b-94a5-acb3e72c3052","block_type":"box","text":"1.00","page_number":57,"box":{"x":567,"y":320,"width":30,"height":8}},{"id":"9f5eb8b1-052f-48ef-8071-c8a08a199ee6","block_type":"box","text":"14.30","page_number":57,"box":{"x":669,"y":319,"width":39,"height":9}},{"id":"3ccdca94-fa56-4667-8e61-159709820813","block_type":"box","text":"4.20","page_number":57,"box":{"x":778,"y":319,"width":32,"height":9}},{"id":"81d7215f-ecc5-45bc-b9ca-3aa1de685ee5","block_type":"box","text":"-12.60","page_number":57,"box":{"x":878,"y":319,"width":47,"height":9}},{"id":"60d69f93-85b9-4736-b4f0-2254540bb8ac","block_type":"box","text":"Comparator","page_number":57,"box":{"x":49,"y":334,"width":88,"height":11}},{"id":"896ceacf-edaf-4b7b-91e2-dfa544a6653d","block_type":"box","text":"Index","page_number":57,"box":{"x":308,"y":334,"width":40,"height":9}},{"id":"e480421d-ed8e-4779-8455-772c45629647","block_type":"box","text":"12.00","page_number":57,"box":{"x":455,"y":334,"width":40,"height":9}},{"id":"a6790994-c128-49ad-805e-7bfa5380b15d","block_type":"box","text":"8.30","page_number":57,"box":{"x":565,"y":334,"width":32,"height":9}},{"id":"57e6601c-5d05-4181-a266-9eb4bc4272e2","block_type":"box","text":"16.70","page_number":57,"box":{"x":669,"y":334,"width":39,"height":9}},{"id":"0c36fa24-b372-4563-b60b-1dc752d4b3e5","block_type":"box","text":"11.20","page_number":57,"box":{"x":776,"y":334,"width":38,"height":9}},{"id":"748cd114-1772-4d4e-88a5-bd05f7722781","block_type":"box","text":"-5.30","page_number":57,"box":{"x":883,"y":334,"width":37,"height":9}},{"id":"074ef9c2-59a5-47e6-b171-79d95c655dbc","block_type":"box","text":"Annualised performance","page_number":57,"box":{"x":49,"y":378,"width":201,"height":11}},{"id":"3aeff987-ea1d-4a06-86ee-60877e16060b","block_type":"box","text":"(if applicable)","page_number":57,"box":{"x":49,"y":392,"width":107,"height":11}},{"id":"288afa74-8a6a-4705-aa86-ff917be6713b","block_type":"box","text":"5 yrs","page_number":57,"box":{"x":457,"y":385,"width":35,"height":11}},{"id":"d6ca8476-3fb4-4c3d-aa77-50bc67412bbd","block_type":"box","text":"01 Jul 21 –","page_number":57,"box":{"x":434,"y":406,"width":86,"height":8}},{"id":"69cf2f00-5aab-49b3-a12f-e7e52fd112db","block_type":"box","text":"03 Jul 26","page_number":57,"box":{"x":441,"y":420,"width":67,"height":9}},{"id":"b24012fe-dc3a-4148-a9be-11d9f3f41cd3","block_type":"box","text":"%","page_number":57,"box":{"x":468,"y":442,"width":13,"height":9}},{"id":"17ed4fc4-dd80-4e1d-a981-2d77878cc456","block_type":"box","text":"Fund","page_number":57,"box":{"x":50,"y":456,"width":36,"height":8}},{"id":"4f2fc574-c538-44ef-8d3e-867d27dc41de","block_type":"box","text":"P Acc (Net)","page_number":57,"box":{"x":308,"y":455,"width":83,"height":12}},{"id":"f709e3de-df0f-47cf-b0a2-92d86b103a66","block_type":"box","text":"2.90","page_number":57,"box":{"x":459,"y":455,"width":31,"height":9}},{"id":"73a53721-b79a-4e6d-a929-8dc1f7ff3d58","block_type":"box","text":"Target","page_number":57,"box":{"x":49,"y":470,"width":46,"height":11}},{"id":"9ecd7917-337f-43c1-9c17-a006ed5e4476","block_type":"box","text":"CPI + 4%","page_number":57,"box":{"x":308,"y":470,"width":69,"height":9}},{"id":"51b8ce6e-a3d4-45b4-bcd3-e727b831484a","block_type":"box","text":"9.30","page_number":57,"box":{"x":459,"y":470,"width":31,"height":9}},{"id":"83e5a677-38d0-40fb-b9c0-f45ba74688f6","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":57,"box":{"x":43,"y":517,"width":220,"height":5}},{"id":"4bc4ea5d-6cf1-48c4-88ca-6c37560ca382","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":57,"box":{"x":43,"y":536,"width":444,"height":7}},{"id":"77d0d3c9-f0dd-4677-9010-bee6e64f9d78","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":57,"box":{"x":42,"y":545,"width":445,"height":6}},{"id":"47d6015e-4ce6-481f-bde8-00e4ed5e42ca","block_type":"box","text":"reinvested.","page_number":57,"box":{"x":42,"y":553,"width":48,"height":6}},{"id":"e226a55c-4838-44fa-b4aa-753a23a8a73b","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched on","page_number":57,"box":{"x":42,"y":572,"width":445,"height":7}},{"id":"585e1d7c-fa16-44d0-b120-cabf59b8dbdf","block_type":"box","text":"15 October 2012. Performance prior to this date is from the previously merged share class Sarasin","page_number":57,"box":{"x":43,"y":581,"width":444,"height":7}},{"id":"1a1ccb97-64a0-443a-a519-fbe21a08ef07","block_type":"box","text":"Global Equity Real Return A Acc. Prior to 28 November 2016, the sub-fund was named Sarasin","page_number":57,"box":{"x":42,"y":590,"width":445,"height":6}},{"id":"1deaa23e-f541-429a-9d9b-f53be426c923","block_type":"box","text":"EquiSar IIID.","page_number":57,"box":{"x":43,"y":598,"width":55,"height":7}},{"id":"2e1217b3-d8e1-4b91-a143-dd294bf6b8a3","block_type":"box","text":"Please note that the performance target is to be achieved over a specific annualised time period -","page_number":57,"box":{"x":43,"y":617,"width":444,"height":7}},{"id":"99af7f83-5c1b-42f2-ab96-b3e4e0fcd480","block_type":"box","text":"refer to the investment objective above.","page_number":57,"box":{"x":42,"y":626,"width":175,"height":7}},{"id":"45cb0536-e9c4-4b07-a195-eca191a1e04a","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":57,"box":{"x":43,"y":645,"width":444,"height":7}},{"id":"14ae5d2a-357d-418b-91bf-efbb8d3b805f","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":57,"box":{"x":42,"y":654,"width":116,"height":7}},{"id":"af5328b7-ab9b-4e07-9d43-775c825f6b0e","block_type":"box","text":"Performance","page_number":57,"box":{"x":513,"y":519,"width":101,"height":9}},{"id":"11fad855-0492-4735-9298-71c3ede42f0c","block_type":"box","text":"The sub-fund returned 5.50% (net of charges) for the period","page_number":57,"box":{"x":512,"y":533,"width":450,"height":12}},{"id":"004e71f8-2370-47ac-92b9-40e3a9476652","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 9.00% for the","page_number":57,"box":{"x":512,"y":548,"width":450,"height":11}},{"id":"9ab932a6-4864-4d61-ad29-2dff84f6941d","block_type":"box","text":"comparator benchmark. The performance of the sub-fund","page_number":57,"box":{"x":512,"y":562,"width":450,"height":11}},{"id":"54528277-01b2-4655-b90f-91952b1496d5","block_type":"box","text":"compared to the benchmark has again been challenging.","page_number":57,"box":{"x":512,"y":576,"width":450,"height":11}},{"id":"f4b342bb-2d79-473a-bc85-33feed841ff3","block_type":"box","text":"In particular, the extraordinary moves by the semiconductor","page_number":57,"box":{"x":513,"y":591,"width":449,"height":11}},{"id":"dcd49bda-36cf-42e4-987f-277e6d91d043","block_type":"box","text":"and memory stocks within the world equity index have been","page_number":57,"box":{"x":512,"y":605,"width":450,"height":11}},{"id":"eca3b8bd-7c14-410b-ad4b-b178681122f4","block_type":"box","text":"extremely hard to match. Yes, the sub-fund has exposure to","page_number":57,"box":{"x":512,"y":619,"width":450,"height":11}},{"id":"1efb9581-5e6a-4d4f-9587-30902731db8e","block_type":"box","text":"these sectors in the US and Asia, but not at market weights.","page_number":57,"box":{"x":512,"y":633,"width":450,"height":11}},{"id":"39c12a0d-8865-49d6-af40-d484e01124ef","block_type":"box","text":"More generally, the accelerating AI boom has created one","page_number":57,"box":{"x":513,"y":648,"width":449,"height":11}},{"id":"7a75aee5-9412-429d-ba4b-079388b37d0a","block_type":"box","text":"of the most powerful momentum-led rallies in recent years,","page_number":57,"box":{"x":512,"y":662,"width":450,"height":11}},{"id":"130493b5-4465-4f60-b77b-51a02bd1a600","block_type":"box","text":"and those diversifying into ‘quality’ or more defensive","page_number":57,"box":{"x":512,"y":676,"width":450,"height":11}},{"id":"2cb5bf41-7b59-4e62-8fbb-24c426119cd6","block_type":"box","text":"equity holdings have inevitably underperformed. We are","page_number":57,"box":{"x":512,"y":690,"width":444,"height":11}},{"id":"55002160-874d-4fd5-a9c2-b132483f94c1","block_type":"box","text":"no exception, given that our thematic stocks typically tend","page_number":57,"box":{"x":513,"y":705,"width":443,"height":11}},{"id":"074209b9-e9bd-4ea6-a4ee-d39de445d00f","block_type":"box","text":"to show higher returns on equity, lower financial leverage,","page_number":57,"box":{"x":512,"y":719,"width":444,"height":11}},{"id":"eb70568f-207c-4fa3-b23f-c39c92c7720d","block_type":"box","text":"and more stable earnings growth, which have often been","page_number":57,"box":{"x":512,"y":733,"width":444,"height":11}},{"id":"f99d77c0-5c7b-40d2-a082-86db90ce6772","block_type":"box","text":"overlooked in the recent market rally. There are signs that","page_number":57,"box":{"x":512,"y":747,"width":445,"height":11}},{"id":"f51f0478-d780-4864-8927-46fe5f16bc4e","block_type":"box","text":"market leadership may be broadening beyond a narrow","page_number":57,"box":{"x":513,"y":762,"width":444,"height":11}},{"id":"65edade1-9559-4ad5-8772-9de2630a7d90","block_type":"box","text":"group of AI winners, which would be beneficial for our","page_number":57,"box":{"x":512,"y":776,"width":445,"height":11}},{"id":"396a84fc-afe6-4170-b828-e50b1d5d9fb3","block_type":"box","text":"thematic equity approach.","page_number":57,"box":{"x":512,"y":790,"width":190,"height":11}},{"id":"a4fac5ec-3a1f-4205-b3dc-e750baabbf07","block_type":"box","text":"Review","page_number":57,"box":{"x":513,"y":815,"width":56,"height":9}},{"id":"77a7f6d8-0bfd-42cd-b925-80d18d10e1f8","block_type":"box","text":"A combination of factors shaped investor sentiment over","page_number":57,"box":{"x":512,"y":829,"width":445,"height":11}},{"id":"85caa1f9-e083-4146-825a-fab1fc51790e","block_type":"box","text":"the first half of 2026. These included the impact of the","page_number":57,"box":{"x":512,"y":843,"width":450,"height":12}},{"id":"26e7ccce-9b6e-4bcb-be53-b1ec98ed4476","block_type":"box","text":"US-Iran conflict, which initially caused uncertainty and led","page_number":57,"box":{"x":513,"y":858,"width":449,"height":11}},{"id":"093c78e6-7d20-486c-ba48-3f07c5fe5164","block_type":"box","text":"to the closure of the Strait of Hormuz, but appeared to be","page_number":57,"box":{"x":512,"y":872,"width":450,"height":11}},{"id":"75e16cd2-c464-411f-82bc-4011e67e58dc","block_type":"box","text":"de-escalating as the period progressed. The more optimistic","page_number":57,"box":{"x":512,"y":886,"width":450,"height":11}},{"id":"e8978a4f-a6ad-461a-aadc-b5f72ecc1688","block_type":"box","text":"outlook gradually encouraged investors to favour riskier","page_number":57,"box":{"x":512,"y":900,"width":450,"height":12}},{"id":"ca83c48f-48b8-4dc9-95f2-6106388b3455","block_type":"box","text":"assets such as shares.","page_number":57,"box":{"x":512,"y":915,"width":169,"height":9}},{"id":"610a6dea-0611-481f-bd6d-b49c6b258750","block_type":"box","text":"57","page_number":58,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"0f839b5e-4cd1-463f-b3d7-f640e37a8c83","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":58,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"bba39266-1899-48ac-8d9e-943382e2b87f","block_type":"box","text":"Review (continued)","page_number":58,"box":{"x":43,"y":95,"width":152,"height":11}},{"id":"eb9a671a-8307-45bf-a47d-5d2c5f969199","block_type":"box","text":"Oil prices fell sharply as the conflict looked to be closer to","page_number":58,"box":{"x":43,"y":109,"width":449,"height":12}},{"id":"fcf36e59-c4f7-4bef-b428-8d398a710b50","block_type":"box","text":"a resolution, and the easing of energy concerns allowed","page_number":58,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"1979b9ae-c93b-4910-ae41-e66f57c4feff","block_type":"box","text":"markets to refocus on Artificial Intelligence (AI), which helped","page_number":58,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"8d9f5178-16f6-4110-bdeb-d5e53dd48e29","block_type":"box","text":"to push technology stocks higher. Further boosts came from","page_number":58,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"813b1fe4-64bb-4be6-b58e-37d0b3b6589e","block_type":"box","text":"companies raising their spending plans for the year and","page_number":58,"box":{"x":42,"y":166,"width":450,"height":12}},{"id":"e6c13852-30f5-479f-a61a-09634377f570","block_type":"box","text":"upgraded global earnings forecasts.","page_number":58,"box":{"x":43,"y":181,"width":264,"height":11}},{"id":"e1b5b8d7-bc38-410d-9cb0-62dd6c6db765","block_type":"box","text":"Emerging markets were among the strongest performers","page_number":58,"box":{"x":43,"y":206,"width":449,"height":11}},{"id":"822b6b21-3e68-45bc-9367-e0441c01b4ff","block_type":"box","text":"during the period, driven by the heavy weighting of","page_number":58,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"fb8b7cf6-2aed-40f2-b04e-841079274293","block_type":"box","text":"semiconductor and IT hardware companies in the index.","page_number":58,"box":{"x":42,"y":234,"width":415,"height":11}},{"id":"4a8c252d-8440-468f-b42d-fa5bdca056b3","block_type":"box","text":"Global government bonds were generally weaker earlier in","page_number":58,"box":{"x":43,"y":259,"width":449,"height":11}},{"id":"15a14307-688d-40bf-b475-0326a890417e","block_type":"box","text":"the period as the spike in energy prices caused renewed","page_number":58,"box":{"x":42,"y":273,"width":450,"height":12}},{"id":"6c25351d-c000-4d52-98c2-04925c4e02bb","block_type":"box","text":"concerns over inflation, especially in the UK, which was seen","page_number":58,"box":{"x":42,"y":288,"width":450,"height":11}},{"id":"7bf9b28f-81f1-41ea-90c4-920a06088243","block_type":"box","text":"as particularly exposed to higher fuel prices. However, UK","page_number":58,"box":{"x":42,"y":302,"width":450,"height":11}},{"id":"07e29866-151e-4b4f-a5d7-76e125d4fe07","block_type":"box","text":"Gilts recovered later in the period as softer-than-expected","page_number":58,"box":{"x":43,"y":316,"width":449,"height":11}},{"id":"99fa4103-376d-4194-932e-e0d2d3799aa4","block_type":"box","text":"inflation reduced the likelihood of interest-rate rises.","page_number":58,"box":{"x":43,"y":330,"width":387,"height":9}},{"id":"73d74cba-3e8c-4b2f-bbc6-79a3c9348200","block_type":"box","text":"After a sharp rise in oil and gas prices at the start of the","page_number":58,"box":{"x":42,"y":355,"width":450,"height":12}},{"id":"e4205396-7c0e-4284-bea4-5f39c2d2ab3b","block_type":"box","text":"conflict, commodities declined later in the period. Gold","page_number":58,"box":{"x":42,"y":370,"width":450,"height":11}},{"id":"cd4c5d04-3eb6-4449-90cc-d890bc687582","block_type":"box","text":"and precious metals also fell in value as the US dollar","page_number":58,"box":{"x":42,"y":384,"width":450,"height":11}},{"id":"f18675f8-79ef-4ad7-a6a1-a4d0ea628393","block_type":"box","text":"strengthened and expectations of higher US interest rates","page_number":58,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"cf191e4a-a94f-46ee-976b-b20f02a77939","block_type":"box","text":"grew. However, industrial metals rose on demand tied to","page_number":58,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"550c1ffa-ce31-4026-82fd-1c7e3c041dd4","block_type":"box","text":"technology and infrastructure investment.","page_number":58,"box":{"x":42,"y":427,"width":305,"height":11}},{"id":"7cdde473-8013-491b-b508-6d5306599473","block_type":"box","text":"Positives","page_number":58,"box":{"x":43,"y":452,"width":72,"height":8}},{"id":"61d31d4c-07de-4ce1-b3ee-d3186d8f1cb2","block_type":"box","text":"Among the sub-fund’s holdings, ASML Holding, a leading","page_number":58,"box":{"x":42,"y":466,"width":450,"height":11}},{"id":"1c9a12ed-1a17-4660-9e0a-68195e0716ac","block_type":"box","text":"manufacturer of semiconductor production equipment,","page_number":58,"box":{"x":43,"y":480,"width":449,"height":11}},{"id":"acf6743f-65cb-4250-ad7d-97f360899e1e","block_type":"box","text":"delivered strong performance throughout the period. This","page_number":58,"box":{"x":42,"y":494,"width":450,"height":12}},{"id":"ee2c4188-b33f-460f-b0f3-6e4b0b9c2b57","block_type":"box","text":"was driven by record-breaking new orders, profit margins","page_number":58,"box":{"x":42,"y":509,"width":450,"height":11}},{"id":"0b5d1931-dd2a-48e8-976a-c96793bfd3e7","block_type":"box","text":"that were at the upper end of expectations and an increase","page_number":58,"box":{"x":42,"y":523,"width":450,"height":11}},{"id":"bbcd7e2d-1048-4e1b-8f01-34b51dfad046","block_type":"box","text":"in projected revenues for the full year.","page_number":58,"box":{"x":43,"y":537,"width":277,"height":11}},{"id":"78e5edc5-57d7-40c2-8700-cd783566c0fd","block_type":"box","text":"Another positive contributor was BHP Group, a global mining","page_number":58,"box":{"x":42,"y":562,"width":450,"height":11}},{"id":"c0033f76-3ce9-49d6-a523-c93b62b8c14c","block_type":"box","text":"company primarily producing iron ore and copper. The stock","page_number":58,"box":{"x":42,"y":576,"width":450,"height":12}},{"id":"c81b8373-06c0-4e18-b2f1-fcd7f01cc805","block_type":"box","text":"was a strong performer as copper prices reached new record","page_number":58,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"928e82b6-7639-4506-8a0b-d5d499cd0b5d","block_type":"box","text":"highs as a result of mounting supply risks from global mine","page_number":58,"box":{"x":43,"y":605,"width":449,"height":11}},{"id":"aac2d8f8-7dad-4aaf-b862-dd9485b91c29","block_type":"box","text":"disruptions. Iron ore was also firm given resilient Chinese","page_number":58,"box":{"x":42,"y":619,"width":450,"height":11}},{"id":"519d9705-765b-44d4-83ce-611182abf9a6","block_type":"box","text":"demand.","page_number":58,"box":{"x":42,"y":634,"width":64,"height":8}},{"id":"e9bf767b-92e1-4540-af93-697f9f39716c","block_type":"box","text":"The shares of consumer products company","page_number":58,"box":{"x":42,"y":658,"width":450,"height":12}},{"id":"7ec52ae5-ece0-4760-8168-58821a4967fb","block_type":"box","text":"Colgate-Palmolive performed well as the company","page_number":58,"box":{"x":43,"y":672,"width":449,"height":12}},{"id":"9b8b0f93-98ec-4209-94a2-6299e3ccab92","block_type":"box","text":"maintained its upward momentum. This was largely a result of","page_number":58,"box":{"x":43,"y":687,"width":445,"height":11}},{"id":"2a058813-0e2b-499f-a1ca-b39ce0e6400b","block_type":"box","text":"better-than-expected results for the final quarter of 2025 and","page_number":58,"box":{"x":43,"y":701,"width":443,"height":11}},{"id":"68feb04e-62c4-4c1e-84ef-09fbf1b405a8","block_type":"box","text":"a strategy aimed at maintaining growth over the next five","page_number":58,"box":{"x":42,"y":715,"width":445,"height":12}},{"id":"2d2173a5-770b-4cd0-8198-43efccc1c476","block_type":"box","text":"years.","page_number":58,"box":{"x":42,"y":732,"width":44,"height":9}},{"id":"484965ae-bd73-4408-bf9b-d03b3b577309","block_type":"box","text":"The holding in Citigroup also proved favourable for returns","page_number":58,"box":{"x":42,"y":754,"width":445,"height":12}},{"id":"78eaf9e1-589c-4835-819b-90a9761bc395","block_type":"box","text":"as the firm’s restructuring plan started to pay off.","page_number":58,"box":{"x":42,"y":769,"width":357,"height":11}},{"id":"3b34260a-7cc1-44ea-88a9-4efe0e7225b2","block_type":"box","text":"Negatives","page_number":58,"box":{"x":43,"y":794,"width":77,"height":11}},{"id":"ce535818-f96c-4c92-85fc-a0fd1639d06b","block_type":"box","text":"CME Group, a leading derivatives marketplace which","page_number":58,"box":{"x":43,"y":808,"width":443,"height":11}},{"id":"1283123e-310b-48d4-a04b-ade6136681fb","block_type":"box","text":"enables clients to trade futures and options, was among","page_number":58,"box":{"x":42,"y":822,"width":444,"height":11}},{"id":"ceb6efdc-c3b3-4330-a944-87965cf31613","block_type":"box","text":"the weaker performers. The company’s revenues are tied","page_number":58,"box":{"x":42,"y":836,"width":444,"height":12}},{"id":"59b7cd80-ad30-400b-ba97-d5fd0496939c","block_type":"box","text":"to trading volumes. Having seen higher levels when the","page_number":58,"box":{"x":42,"y":851,"width":450,"height":11}},{"id":"45095f25-0d04-4713-855a-a1a08a9c3990","block_type":"box","text":"US-Iran conflict was most acute, volumes cooled as the","page_number":58,"box":{"x":43,"y":865,"width":449,"height":10}},{"id":"405d7219-2ddb-4f98-abcd-da684a4b6fb9","block_type":"box","text":"period progressed. Investors also grew more concerned","page_number":58,"box":{"x":43,"y":879,"width":449,"height":11}},{"id":"3a38fb50-f7a6-4637-aa16-32450433ca8e","block_type":"box","text":"about the competitive threat posed by other products which","page_number":58,"box":{"x":42,"y":894,"width":450,"height":11}},{"id":"149c2eb2-1c3e-4eb9-9b81-9e6aefc6ea6f","block_type":"box","text":"offer greater flexibility.","page_number":58,"box":{"x":42,"y":908,"width":161,"height":11}},{"id":"ab728717-9ccc-45c2-be9e-99b1e8b9c242","block_type":"box","text":"Shares of ServiceNow, a software specialist, were weaker","page_number":58,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"da064d4f-7912-419a-a192-b573e5b4ab12","block_type":"box","text":"after the company announced its fourth-quarter 2025 results.","page_number":58,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"76ed4c11-f2ca-41b3-bff8-309a8dd57a51","block_type":"box","text":"The weakness was despite performance that was better than","page_number":58,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"c0b7c4ea-0ab2-4caa-b339-894f0c0f41d2","block_type":"box","text":"expectations and full-year 2026 guidance which came in","page_number":58,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"e75b665c-4fe1-4320-b2c6-0dc032b41c96","block_type":"box","text":"ahead of consensus.","page_number":58,"box":{"x":512,"y":136,"width":153,"height":9}},{"id":"0fd98fb6-5388-4032-ab0b-dc1067ab5a22","block_type":"box","text":"Our holding in Netflix, the subscription streaming service,","page_number":58,"box":{"x":512,"y":161,"width":450,"height":11}},{"id":"1957c555-d147-4353-9a01-32ecc952c49c","block_type":"box","text":"detracted despite the release of results that were ahead of","page_number":58,"box":{"x":512,"y":175,"width":450,"height":11}},{"id":"d3ad3145-c976-4572-9652-32be699f03f3","block_type":"box","text":"expectations. Investors focused instead on a disappointing","page_number":58,"box":{"x":512,"y":190,"width":450,"height":11}},{"id":"76d8f262-ba50-4ef3-aecb-1720ab990057","block_type":"box","text":"outlook for revenue and operating income, plus unchanged","page_number":58,"box":{"x":512,"y":204,"width":450,"height":11}},{"id":"3312bf71-a5ed-4522-9a71-a4182161e9d5","block_type":"box","text":"full-year revenue guidance. The latter frustrated investors","page_number":58,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"51304caf-0397-4886-91a1-e182b2231fad","block_type":"box","text":"hoping that a price increase for US subscribers would lift","page_number":58,"box":{"x":513,"y":232,"width":449,"height":12}},{"id":"7dafb322-c561-4cd9-a549-6c469d319769","block_type":"box","text":"the overall outlook. The company also announced that","page_number":58,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"42b6f737-a4f8-4d72-82e0-4276a8a06269","block_type":"box","text":"co-founder Reed Hastings would not stand for re-election","page_number":58,"box":{"x":512,"y":261,"width":450,"height":11}},{"id":"96bd39c9-7174-4525-b01b-e5b85f3edf1b","block_type":"box","text":"to the board; he subsequently stepped down at the annual","page_number":58,"box":{"x":512,"y":275,"width":450,"height":11}},{"id":"56a709df-7217-44db-8a47-857e77c9a8f2","block_type":"box","text":"meeting in June.","page_number":58,"box":{"x":513,"y":290,"width":120,"height":11}},{"id":"832ac162-d223-4d8e-84b9-e034691d0f51","block_type":"box","text":"Transactions","page_number":58,"box":{"x":512,"y":315,"width":102,"height":8}},{"id":"7f45d225-f830-4233-84ac-d3a1eb2f19e2","block_type":"box","text":"We took a holding in the aforementioned BHP Group. We","page_number":58,"box":{"x":512,"y":329,"width":450,"height":11}},{"id":"e2f2a353-a8a1-4afb-92fa-6cf093acd0fe","block_type":"box","text":"believe that it offers high-quality exposure to copper, which we","page_number":58,"box":{"x":513,"y":343,"width":449,"height":11}},{"id":"c6406cfb-427b-4de5-af39-643e1a3ed356","block_type":"box","text":"view as benefiting from demand arising from electrification,","page_number":58,"box":{"x":512,"y":357,"width":450,"height":11}},{"id":"bb24d109-195d-4dd6-9634-205cc48d64fb","block_type":"box","text":"as well as tightening global supply.","page_number":58,"box":{"x":512,"y":372,"width":255,"height":11}},{"id":"66cae22d-fd6b-4018-bb44-028493a750aa","block_type":"box","text":"We also established a holding in Citigroup, a global bank","page_number":58,"box":{"x":512,"y":396,"width":450,"height":12}},{"id":"2bc355a2-9f10-43d6-b010-53f762be6365","block_type":"box","text":"which is reaching the end of a multi-year restructuring plan.","page_number":58,"box":{"x":512,"y":411,"width":450,"height":11}},{"id":"694665b7-6089-43fb-97e4-1e331cb6146f","block_type":"box","text":"The firm now has a greater focus on growth. We see signs","page_number":58,"box":{"x":512,"y":425,"width":450,"height":11}},{"id":"46749186-30c5-4329-aa60-106ce990250e","block_type":"box","text":"of progress towards this goal, and valuations are supportive,","page_number":58,"box":{"x":512,"y":439,"width":450,"height":11}},{"id":"6922106b-9205-4c27-9c6d-f064c3d7323a","block_type":"box","text":"making it one of the cheaper financial stocks in the US. This","page_number":58,"box":{"x":513,"y":453,"width":449,"height":12}},{"id":"6ddbbc72-4e5e-4ca8-b37c-79a9b8df8837","block_type":"box","text":"was funded by reducing the position in JP Morgan Chase","page_number":58,"box":{"x":512,"y":468,"width":450,"height":11}},{"id":"a1c05715-35bb-4dd9-865d-c5ff9376b06a","block_type":"box","text":"& Company, as we believed its valuation had become less","page_number":58,"box":{"x":512,"y":482,"width":450,"height":11}},{"id":"aa988e59-978c-4be8-b72b-794c9e59fdc2","block_type":"box","text":"attractive.","page_number":58,"box":{"x":512,"y":496,"width":77,"height":9}},{"id":"94172f87-1599-49e7-a216-dc0ec6cdcd64","block_type":"box","text":"Alongside complete sales of Rio Tinto and Givaudan, which","page_number":58,"box":{"x":512,"y":521,"width":450,"height":11}},{"id":"60b0c65d-e728-479f-a8b9-8c32b97ff2a3","block_type":"box","text":"had become less attractive, we trimmed exposure to gold in","page_number":58,"box":{"x":513,"y":535,"width":449,"height":12}},{"id":"6f011f5e-52a9-4f02-b867-46a15b1e06ad","block_type":"box","text":"order to lock in profits on our previously long-held overweight","page_number":58,"box":{"x":512,"y":550,"width":450,"height":11}},{"id":"cb316452-680a-4eb9-af28-1668cd3fe631","block_type":"box","text":"position.","page_number":58,"box":{"x":513,"y":564,"width":60,"height":11}},{"id":"30bf0f33-84c6-4b81-8bdd-8b0e2982b642","block_type":"box","text":"We also reduced the position in Microsoft. There were","page_number":58,"box":{"x":512,"y":589,"width":450,"height":11}},{"id":"3d37a065-84ff-4f75-9d8c-bd0e012758f7","block_type":"box","text":"concerns about the software firm’s higher spending on AI","page_number":58,"box":{"x":512,"y":603,"width":450,"height":11}},{"id":"0b6db54c-7a2f-4615-bae1-0ee80529a203","block_type":"box","text":"and its high exposure to OpenAI.","page_number":58,"box":{"x":512,"y":617,"width":243,"height":12}},{"id":"9c7bd645-a5d2-46c6-ab57-0ee77f132fc0","block_type":"box","text":"Outlook","page_number":58,"box":{"x":512,"y":642,"width":63,"height":9}},{"id":"efe2ef0c-d228-4712-be3c-20034f209824","block_type":"box","text":"Global equity markets had been supported by easing oil","page_number":58,"box":{"x":512,"y":657,"width":450,"height":11}},{"id":"f3e7ae96-c064-4edf-be78-ffa9ad7a2bdd","block_type":"box","text":"supply concerns and major stock market listings by large","page_number":58,"box":{"x":512,"y":671,"width":450,"height":11}},{"id":"751b6a98-e02a-48c6-bd4c-0c4d112b8749","block_type":"box","text":"technology companies, and investor confidence was","page_number":58,"box":{"x":512,"y":685,"width":450,"height":11}},{"id":"deb44119-634d-4974-b52c-5ee7629303c5","block_type":"box","text":"returning. However, as we enter the second half of the","page_number":58,"box":{"x":513,"y":699,"width":443,"height":12}},{"id":"8e55e541-62d0-4acb-b592-c16421c7bc79","block_type":"box","text":"period, a renewed flare up in conflict between the US and","page_number":58,"box":{"x":513,"y":714,"width":443,"height":11}},{"id":"3399ed06-5abc-404e-80a3-586458dce744","block_type":"box","text":"Iran brings fresh uncertainty and we will be keeping a close","page_number":58,"box":{"x":513,"y":728,"width":443,"height":11}},{"id":"18295a19-3375-40c2-80ad-39b3002b9fed","block_type":"box","text":"eye on the wider consequences.","page_number":58,"box":{"x":512,"y":742,"width":239,"height":11}},{"id":"58ca99f9-a0a2-484f-9084-036dcd5f0e41","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":58,"box":{"x":512,"y":767,"width":444,"height":11}},{"id":"aaed78a7-5316-4a92-bf7a-27b3bb6b8152","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":58,"box":{"x":513,"y":781,"width":444,"height":12}},{"id":"2260e337-4ba7-4d47-922f-3799e8a47963","block_type":"box","text":"offering), with Anthropic expected to follow later this year, and","page_number":58,"box":{"x":512,"y":796,"width":444,"height":11}},{"id":"a5a8cac2-a3c4-4cab-9774-3f08b3c5e9e6","block_type":"box","text":"OpenAI potentially waiting until 2027. However, questions","page_number":58,"box":{"x":512,"y":810,"width":445,"height":11}},{"id":"5965e7cb-cce8-4a42-957e-89490afbc38b","block_type":"box","text":"remain about the future valuations of these companies and","page_number":58,"box":{"x":513,"y":824,"width":443,"height":11}},{"id":"7786b5c6-0ac3-4eb3-bc98-a82afdbb745e","block_type":"box","text":"whether markets can absorb the new supply of shares. More","page_number":58,"box":{"x":512,"y":838,"width":444,"height":12}},{"id":"a860d284-0bf4-4661-b913-e284826a073d","block_type":"box","text":"broadly, equity markets are being supported by potential","page_number":58,"box":{"x":513,"y":853,"width":449,"height":11}},{"id":"646c61d1-b4ea-44dc-82a8-8f2363e643c5","block_type":"box","text":"long-term AI-linked productivity gains and AI-driven demand","page_number":58,"box":{"x":513,"y":867,"width":449,"height":11}},{"id":"c4ca1b80-4253-47a7-b0f7-6397f144d7d0","block_type":"box","text":"for new data centres.","page_number":58,"box":{"x":512,"y":881,"width":155,"height":9}},{"id":"dd8fccb9-d0b6-4ce8-87ef-7d2048deafd0","block_type":"box","text":"Investment Review (continued)","page_number":58,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"4085a78c-bff6-444a-abc5-dbf7b26afb62","block_type":"box","text":"58","page_number":59,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"5d325995-342d-4dee-8c96-45de6c2e6e50","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":59,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"7577af74-f511-40fb-859d-2f438c945ff0","block_type":"box","text":"Outlook (continued)","page_number":59,"box":{"x":43,"y":95,"width":157,"height":11}},{"id":"1c83504c-b936-4129-b996-be80bcaaa97d","block_type":"box","text":"We continue to hold a neutral position in UK government","page_number":59,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"4ddae1bc-3941-44b5-8947-b1b2f8878706","block_type":"box","text":"bonds, with higher yields meaning that they are starting to","page_number":59,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"e4ebaa1a-8d7a-490f-b748-e921ca8145c5","block_type":"box","text":"price in the fiscal deficit. We remain underweight corporate","page_number":59,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"47a61dcd-99b2-43a3-996c-f0d021386219","block_type":"box","text":"bonds as we believe that the asset class does not currently","page_number":59,"box":{"x":43,"y":152,"width":449,"height":11}},{"id":"20e6208d-96aa-44cb-ac50-1a7d4e5ed73e","block_type":"box","text":"offer strong returns or adequate diversification compared to","page_number":59,"box":{"x":42,"y":166,"width":450,"height":12}},{"id":"85162fdf-1687-4e17-8c1e-0a2548671400","block_type":"box","text":"its history. Our stance on alternative assets is neutral. This","page_number":59,"box":{"x":43,"y":181,"width":449,"height":11}},{"id":"78c2b0fa-aee7-4ab6-a490-f1029819359b","block_type":"box","text":"includes gold, where we have locked in profits on our long","page_number":59,"box":{"x":43,"y":195,"width":444,"height":11}},{"id":"380bfe5f-1afe-43f2-8860-1dad11bacb31","block_type":"box","text":"held overweight position.","page_number":59,"box":{"x":43,"y":209,"width":182,"height":11}},{"id":"096fda53-6707-4782-a6fa-02b23a7c911f","block_type":"box","text":"Phil Collins","page_number":59,"box":{"x":43,"y":284,"width":81,"height":9}},{"id":"6f594324-caf6-4ac8-a8c1-11b25fc133c7","block_type":"box","text":"Chief Investment Officer – Multi-Asset","page_number":59,"box":{"x":43,"y":298,"width":280,"height":9}},{"id":"6a8536a6-ab86-40f6-ab00-c5f6548931fe","block_type":"box","text":"Sarasin & Partners LLP","page_number":59,"box":{"x":43,"y":313,"width":174,"height":8}},{"id":"8d56edfe-3d7a-48ff-b287-2746b496ba93","block_type":"box","text":"28 July 2026","page_number":59,"box":{"x":42,"y":327,"width":94,"height":11}},{"id":"cb3d4a86-d535-4727-9332-8af7fdb99633","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":59,"box":{"x":42,"y":361,"width":445,"height":9}},{"id":"5874e4b9-a509-436b-8b7d-09e750661b10","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":59,"box":{"x":41,"y":373,"width":446,"height":9}},{"id":"a0b75fef-1b07-401f-9753-f431a55fad69","block_type":"box","text":"without notice.","page_number":59,"box":{"x":42,"y":384,"width":85,"height":7}},{"id":"ba685e97-07ab-472b-8d5e-058cfd344090","block_type":"box","text":"Top 10 purchases during the period","page_number":59,"box":{"x":42,"y":409,"width":283,"height":11}},{"id":"05bece18-d73b-43b7-aecf-c41ddc78b016","block_type":"box","text":"iShares MSCI EM UCITS ETF USD Accumulation","page_number":59,"box":{"x":43,"y":422,"width":373,"height":9}},{"id":"4799585f-d710-4655-af07-63bf4defa1bb","block_type":"box","text":"iShares MSCI Global Semiconductors UCITS ETF","page_number":59,"box":{"x":43,"y":436,"width":377,"height":9}},{"id":"7a078726-f7bd-496d-b54c-2186db364930","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF","page_number":59,"box":{"x":43,"y":449,"width":456,"height":11}},{"id":"2fe95691-4dfa-4187-8546-bc35a129af89","block_type":"box","text":"NVIDIA","page_number":59,"box":{"x":43,"y":463,"width":59,"height":8}},{"id":"d30a52db-b27f-40a3-8e59-c131e1646d69","block_type":"box","text":"BHP Group","page_number":59,"box":{"x":43,"y":476,"width":89,"height":11}},{"id":"81fab28b-8eb6-43ba-b20b-824d0e8e0380","block_type":"box","text":"Citigroup","page_number":59,"box":{"x":43,"y":489,"width":71,"height":12}},{"id":"e9568e4c-13c1-403e-a981-9e15fea33164","block_type":"box","text":"iShares MSCI Korea UCITS ETF","page_number":59,"box":{"x":43,"y":503,"width":243,"height":9}},{"id":"b2950786-782d-4940-93a0-1e56a0cc75d5","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":59,"box":{"x":43,"y":516,"width":372,"height":11}},{"id":"fc6e3b20-45de-478d-90a1-bbbe62da1636","block_type":"box","text":"Alphabet 'A'","page_number":59,"box":{"x":42,"y":530,"width":93,"height":11}},{"id":"ecc09638-1a3e-477e-b5de-c686206a34b0","block_type":"box","text":"Amazon.com","page_number":59,"box":{"x":42,"y":543,"width":102,"height":9}},{"id":"fc766511-aaa8-409c-9c9c-7736f3d2b819","block_type":"box","text":"Top 10 sales during the period","page_number":59,"box":{"x":42,"y":562,"width":241,"height":11}},{"id":"761650c2-8da8-4906-b5cb-91e693a4c957","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":59,"box":{"x":43,"y":575,"width":391,"height":9}},{"id":"f2955e15-3d57-400b-9cfa-1653fdcf8a40","block_type":"box","text":"iShares JP Morgan EM Local Government Bond UCITS ETF","page_number":59,"box":{"x":43,"y":589,"width":453,"height":11}},{"id":"0c23820d-2c41-4016-818c-6d511d4bbc28","block_type":"box","text":"Rio Tinto","page_number":59,"box":{"x":43,"y":602,"width":70,"height":9}},{"id":"e488067b-c5ef-4c5d-a9ac-ac10907d6c78","block_type":"box","text":"ASML Holding","page_number":59,"box":{"x":42,"y":615,"width":111,"height":12}},{"id":"ea7d3c0f-921a-487e-9be5-b5fa64aba2a9","block_type":"box","text":"NVIDIA","page_number":59,"box":{"x":43,"y":629,"width":59,"height":9}},{"id":"1a02f418-ce32-4097-9988-34ffd38c8e2a","block_type":"box","text":"iShares MSCI EM UCITS ETF USD Accumulation","page_number":59,"box":{"x":43,"y":642,"width":373,"height":9}},{"id":"7851149d-dae5-4955-b20e-72c74856ba5b","block_type":"box","text":"3i Infrastructure","page_number":59,"box":{"x":43,"y":656,"width":120,"height":9}},{"id":"bc3742d0-499d-43e7-9d6d-6ba8038eab1c","block_type":"box","text":"Amazon.com","page_number":59,"box":{"x":42,"y":669,"width":102,"height":9}},{"id":"103cc28a-6766-404d-b027-304d5fac1f8f","block_type":"box","text":"BAE Systems","page_number":59,"box":{"x":43,"y":682,"width":106,"height":12}},{"id":"e8630705-35e6-4bd5-8d9d-164dde089db1","block_type":"box","text":"Givaudan","page_number":59,"box":{"x":43,"y":696,"width":70,"height":9}},{"id":"98766990-a798-4e2f-b48f-e0164b855480","block_type":"box","text":"Investment Review (continued)","page_number":59,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"89e1f7b1-38ae-4861-b449-bc7497b230e8","block_type":"box","text":"59","page_number":60,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"d87ba040-8656-4988-8603-cb15549a21bf","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":60,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"b7872604-4dd0-499d-b817-445dce3455a4","block_type":"box","text":"Sub-fund Information","page_number":60,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"68ce5eb2-ce9d-498a-9a84-0ecbeb49be02","block_type":"box","text":"Risk and Reward Profile","page_number":60,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"9f15ae74-cae5-40f6-bb4a-ae60ed069217","block_type":"box","text":"0","page_number":60,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"e7d20596-c4f4-4275-b542-7c07cfc70729","block_type":"box","text":"Lower2","page_number":60,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"88a2b118-f544-48f9-b8e1-53922bdb0e30","block_type":"box","text":"er2","page_number":60,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"0173a989-5c4e-401e-b2e6-ba51679e4159","block_type":"box","text":"risk","page_number":60,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"d75f5d04-c32b-42d6-b939-0acc93f75a4b","block_type":"box","text":"Higher","page_number":60,"box":{"x":887,"y":145,"width":42,"height":8}},{"id":"ab53ed44-b81d-4fdd-8a78-2c2493e492c4","block_type":"box","text":"risk","page_number":60,"box":{"x":934,"y":145,"width":23,"height":6}},{"id":"3f5cd135-3871-427f-a03e-3c99f7383101","block_type":"box","text":"Typically","page_number":60,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"90febeeb-9282-466a-a558-d8c96a74b5c0","block_type":"box","text":"lower rewards","page_number":60,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"1b82599f-7d20-4a2a-b6d3-2c4956598cd6","block_type":"box","text":"Typically","page_number":60,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"12c4c2dc-57d0-4bb3-8075-8fc168a0e697","block_type":"box","text":"higher rewards","page_number":60,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"822819c8-5f1e-43c2-80d8-7f2dfcbfc690","block_type":"box","text":"1","page_number":60,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"b41e57ef-1e3b-40bc-b511-8b17ca0b90af","block_type":"box","text":"2","page_number":60,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"16aa6bda-1d92-41a4-aaa2-8ca5f4651f67","block_type":"box","text":"3","page_number":60,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"1ccfb89f-5b5f-4d17-adf4-5b19a384cfab","block_type":"box","text":"4","page_number":60,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"a320a70e-1b2f-4fb6-8b09-c949fac79a27","block_type":"box","text":"5","page_number":60,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"4021a98b-7219-4c84-8ee5-9b764c8b23fd","block_type":"box","text":"6","page_number":60,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"cb4a4798-4d45-48e8-b6b6-65e6a1b6d434","block_type":"box","text":"7","page_number":60,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"f80327b9-6e2c-4786-9478-12bef3b471f8","block_type":"box","text":"•","page_number":60,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"a01e0e60-8503-4ab7-be5c-9fa12acba7b0","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":60,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"8f67f023-3df1-41e0-8816-149c8f74ec87","block_type":"box","text":"•","page_number":60,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"b58e1c3d-996e-41cd-98a1-eef95a804196","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":60,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"36b2605b-5091-4372-af6e-c2cc982c6375","block_type":"box","text":"•","page_number":60,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"7810e0d3-4d2c-4651-a245-97b5e357db5e","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":60,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"603e035a-817e-4842-b8fe-1205faee6774","block_type":"box","text":"The Risk and Reward Indicator","page_number":60,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"c5470e8a-7348-4e77-b0bc-4b51d81b3824","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":60,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"1f74a01a-ec16-4787-a5d2-593d8eda701d","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":60,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"19f0864e-0f82-4193-a43a-f32ad1596e08","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":60,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"01cf318c-2a46-4feb-ba82-cea2128a88ac","block_type":"box","text":"but the greater the risk of losing money.","page_number":60,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"4f474910-8d8b-43b0-954b-6e382094d139","block_type":"box","text":"The sub-fund is ranked at 5 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":60,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"af7b6c15-179d-482e-b0bd-b66b24ad16f5","block_type":"box","text":"higher levels of volatility historically.","page_number":60,"box":{"x":43,"y":359,"width":267,"height":11}},{"id":"8328159a-19f6-4b51-81fd-7f325bbaf4a8","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":60,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"5cb112e0-3651-4cb6-b22d-1a4dea5a097f","block_type":"box","text":"Emerging markets risk","page_number":60,"box":{"x":43,"y":398,"width":185,"height":11}},{"id":"c2f3c0c8-f677-43b6-9b41-ad8cb1925388","block_type":"box","text":":","page_number":60,"box":{"x":229,"y":401,"width":2,"height":6}},{"id":"d7d772f1-2124-4cc9-8a0b-a173a06b7582","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":60,"box":{"x":233,"y":398,"width":729,"height":11}},{"id":"c6925cc7-d312-4a8a-88f2-a44a491b2813","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":60,"box":{"x":43,"y":412,"width":919,"height":12}},{"id":"6217fc47-cd82-4571-aa56-80e402966198","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":60,"box":{"x":42,"y":427,"width":777,"height":11}},{"id":"18618227-81c7-4b90-955e-eab7d4782fcb","block_type":"box","text":"Alternative risk:","page_number":60,"box":{"x":42,"y":452,"width":128,"height":8}},{"id":"dd70c018-03ac-4a92-bdb2-a5cfc08144d5","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":60,"box":{"x":170,"y":451,"width":792,"height":12}},{"id":"6d31326c-5bf9-4513-82b5-d91d4ae18217","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":60,"box":{"x":42,"y":466,"width":920,"height":11}},{"id":"095b5538-a4f5-4ade-a53c-e04b6d51ed89","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":60,"box":{"x":42,"y":480,"width":853,"height":11}},{"id":"64272acb-7b9e-4f48-8e44-f1823a12d36d","block_type":"box","text":"Derivatives risk:","page_number":60,"box":{"x":43,"y":505,"width":130,"height":9}},{"id":"094a140f-3aa1-4480-8e92-166c6f2a3f20","block_type":"box","text":"Derivatives are financial instruments whose value is linked to the expected future price movements of","page_number":60,"box":{"x":173,"y":505,"width":789,"height":11}},{"id":"dad9b56b-bc2f-480e-b5d1-2ef80bd1129b","block_type":"box","text":"an underlying asset. Derivatives such as futures, forward contracts, options, and swaps may be used to seek to manage","page_number":60,"box":{"x":42,"y":519,"width":920,"height":11}},{"id":"7f721c7d-f377-4512-9172-f2176cea18f6","block_type":"box","text":"risk within the sub-fund, reduce investment costs and generate additional income. However, these strategies may not be","page_number":60,"box":{"x":43,"y":533,"width":919,"height":12}},{"id":"29704811-357e-4f58-b989-4483555df186","block_type":"box","text":"successful and could lead to losses greater than the cost of the derivative.","page_number":60,"box":{"x":42,"y":548,"width":548,"height":11}},{"id":"9131f139-95da-44d6-938a-5fd6ac85a2f7","block_type":"box","text":"Exchange Traded Funds (ETFs) risk","page_number":60,"box":{"x":43,"y":573,"width":284,"height":11}},{"id":"3816161e-58ff-4d02-8e55-b4bf1e2fcd54","block_type":"box","text":":","page_number":60,"box":{"x":327,"y":575,"width":4,"height":6}},{"id":"ac6c67a2-b137-4320-9382-a8c82655909c","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":60,"box":{"x":331,"y":573,"width":631,"height":11}},{"id":"8f2ebf51-6bcb-40b7-adaf-d66156a252a9","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":60,"box":{"x":42,"y":587,"width":473,"height":11}},{"id":"24691051-2626-47ab-a614-e32346d812c2","block_type":"box","text":"Operational risk:","page_number":60,"box":{"x":43,"y":612,"width":133,"height":11}},{"id":"d4853b2f-269c-49a2-99e3-29ff06b26e54","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":60,"box":{"x":176,"y":612,"width":786,"height":11}},{"id":"f39eae35-49fa-4ea6-9a60-2a5f1d84f038","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":60,"box":{"x":43,"y":626,"width":894,"height":11}},{"id":"1694a4c0-cb9d-4c5e-bf30-3be845bd74b0","block_type":"box","text":"Counterparty and settlement risk:","page_number":60,"box":{"x":43,"y":651,"width":269,"height":11}},{"id":"0b022962-9aa4-417b-aea8-caf0557573f1","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":60,"box":{"x":312,"y":651,"width":650,"height":11}},{"id":"416fb510-d741-4c42-9fbd-498569a49ce1","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":60,"box":{"x":43,"y":665,"width":423,"height":12}},{"id":"ce0ad735-504b-4561-a4c3-274d51a9da7f","block_type":"box","text":"Charges deducted from capital:","page_number":60,"box":{"x":43,"y":690,"width":248,"height":12}},{"id":"9cd96a37-b4a5-4388-b26b-b62713b7dd8c","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":60,"box":{"x":295,"y":690,"width":661,"height":12}},{"id":"19923ed9-6d88-4bc1-8271-8e2440d25964","block_type":"box","text":"60","page_number":61,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"f97d48f5-69b2-4634-8582-e8f5bc0fbca0","block_type":"box","text":"61","page_number":61,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"079bb9b4-59b0-435a-b542-6b494fdfcc8c","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":61,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"96f77913-48f3-4545-956a-f7c56da2c2fa","block_type":"box","text":"Portfolio Statement","page_number":61,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"b69b2985-a137-48fc-87ca-a7a10cae2974","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":61,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"cbeb9ec5-2abf-4062-bec4-20560b6ea791","block_type":"box","text":"Holding","page_number":61,"box":{"x":147,"y":147,"width":48,"height":9}},{"id":"fc484d1f-3a7f-4f4e-820d-2759f3d3427a","block_type":"box","text":"Investment","page_number":61,"box":{"x":230,"y":147,"width":70,"height":7}},{"id":"ae78446d-7326-4f64-875f-e8ed1a2a59f7","block_type":"box","text":"Market","page_number":61,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"3f23e5fb-f4c9-4cb6-9a13-0a498924d6a2","block_type":"box","text":"Value","page_number":61,"box":{"x":765,"y":136,"width":35,"height":7}},{"id":"46a9b64b-b603-4855-bd8a-6805b5a4859a","block_type":"box","text":"£","page_number":61,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"8e2cb8eb-1b8e-4e76-b5ec-b47173276ce3","block_type":"box","text":"% of","page_number":61,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"b7ad64bb-13e7-4713-b657-e7dec5a13e92","block_type":"box","text":"Net Assets","page_number":61,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"807d9646-2421-47e3-84de-8ce874139f1c","block_type":"box","text":"Digitalisation","page_number":61,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"ef3e756b-7c8c-4a4c-8618-95e117850fff","block_type":"box","text":"24.66% (31 December 2025 - 25.84%)","page_number":61,"box":{"x":147,"y":179,"width":295,"height":11}},{"id":"8bd6bfe5-f4ec-47eb-af85-c1acdb9ff2d3","block_type":"box","text":"21,861","page_number":61,"box":{"x":145,"y":198,"width":48,"height":10}},{"id":"cea04c45-902e-4eed-8904-16b41b865b36","block_type":"box","text":"Alphabet 'A'","page_number":61,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"3d9b6f91-328e-429e-b1fb-f1a7da34ed69","block_type":"box","text":"5,883,771","page_number":61,"box":{"x":726,"y":198,"width":71,"height":10}},{"id":"2016fb81-dcbc-4163-83b9-76acadd0571c","block_type":"box","text":"3.99","page_number":61,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"5145ddad-16c0-4f51-983c-387e0a451c57","block_type":"box","text":"23,397","page_number":61,"box":{"x":145,"y":213,"width":50,"height":10}},{"id":"fead3287-04ae-469a-8ad4-cedad80cb4eb","block_type":"box","text":"Amazon.com","page_number":61,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"c303fbfe-021e-401b-8c56-2e5b1165d8de","block_type":"box","text":"4,243,426","page_number":61,"box":{"x":726,"y":213,"width":73,"height":10}},{"id":"b9d0593a-6bda-4c82-a6f2-80bac8fe3e65","block_type":"box","text":"2.88","page_number":61,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"e0ade4b5-ffb6-4cce-881d-a26a8dfe461d","block_type":"box","text":"16,831","page_number":61,"box":{"x":146,"y":229,"width":47,"height":10}},{"id":"d5719ed5-a220-4bef-9612-b94c09ed9fc9","block_type":"box","text":"Apple","page_number":61,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"6f7be1e7-0608-4b41-a0c4-46c17e1e7e0c","block_type":"box","text":"3,882,816","page_number":61,"box":{"x":726,"y":229,"width":73,"height":10}},{"id":"6c7550d4-8e50-4e2e-99c8-5785e7da21ba","block_type":"box","text":"2.63","page_number":61,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"bd25136c-b373-4fef-9de1-ba7bc183fc41","block_type":"box","text":"4,100","page_number":61,"box":{"x":154,"y":244,"width":41,"height":10}},{"id":"f0380a74-f556-4173-b0d0-7461223880f6","block_type":"box","text":"Disco","page_number":61,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"23f54472-c812-4690-afb2-5a7a01123c91","block_type":"box","text":"1,457,594","page_number":61,"box":{"x":727,"y":244,"width":72,"height":10}},{"id":"311bd878-538b-43d6-a23c-e8170bd7e044","block_type":"box","text":"0.99","page_number":61,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"e976f07c-2dad-411f-94de-95835a6814fe","block_type":"box","text":"14,200","page_number":61,"box":{"x":146,"y":259,"width":49,"height":11}},{"id":"fb6033a0-8212-4b9c-8bf3-b9846151a3c7","block_type":"box","text":"Hoya","page_number":61,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"3b7a35c8-b7dc-4510-abff-f1218621fb7e","block_type":"box","text":"1,708,457","page_number":61,"box":{"x":727,"y":259,"width":72,"height":11}},{"id":"cf88cca3-d36c-488a-9517-f63458b8353f","block_type":"box","text":"1.16","page_number":61,"box":{"x":926,"y":259,"width":30,"height":9}},{"id":"1e2eeeb6-ddf7-42ac-8d8f-6e87c21001e9","block_type":"box","text":"12,436","page_number":61,"box":{"x":146,"y":275,"width":49,"height":10}},{"id":"cbb402a8-e97f-4038-afdb-42e94f13f125","block_type":"box","text":"London Stock Exchange Group","page_number":61,"box":{"x":230,"y":274,"width":232,"height":12}},{"id":"ee460204-95ea-4f5e-a6a6-2722b64bfda7","block_type":"box","text":"1,077,704","page_number":61,"box":{"x":727,"y":275,"width":72,"height":10}},{"id":"9b61e562-1b94-4604-b91a-0dc7089cfed2","block_type":"box","text":"0.73","page_number":61,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"eec16542-3d08-41cd-93fc-935f8f4eb817","block_type":"box","text":"8,791","page_number":61,"box":{"x":154,"y":290,"width":39,"height":10}},{"id":"50419b55-09a8-4284-87e9-f8b0954137f2","block_type":"box","text":"Mastercard 'A'","page_number":61,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"dfbb9954-1f29-4d06-b9a3-7eb6a1d81b2c","block_type":"box","text":"3,549,175","page_number":61,"box":{"x":726,"y":290,"width":73,"height":10}},{"id":"54129e1b-69a8-4302-834f-57f2794499f9","block_type":"box","text":"2.41","page_number":61,"box":{"x":925,"y":290,"width":29,"height":9}},{"id":"401235db-38bb-4e5e-a07e-8dd2009dcc96","block_type":"box","text":"4,222","page_number":61,"box":{"x":154,"y":305,"width":41,"height":11}},{"id":"0f50bca9-cbfb-4363-b20c-85d5559e3074","block_type":"box","text":"Meta Platforms 'A'","page_number":61,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"df3a771c-07bc-4289-b3a7-916b191a3c7f","block_type":"box","text":"1,841,623","page_number":61,"box":{"x":727,"y":305,"width":72,"height":11}},{"id":"fcc57007-af05-402b-b665-dd764e4ac1b2","block_type":"box","text":"1.25","page_number":61,"box":{"x":926,"y":305,"width":31,"height":9}},{"id":"736c8e5c-02d8-4b11-8029-c30499d66859","block_type":"box","text":"16,239","page_number":61,"box":{"x":146,"y":321,"width":49,"height":10}},{"id":"99258c8e-8224-41fd-bc7d-9fbce3d1afbb","block_type":"box","text":"Microsoft","page_number":61,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"d9c9628d-8022-4f48-8277-5ae8069d0650","block_type":"box","text":"4,736,694","page_number":61,"box":{"x":726,"y":321,"width":73,"height":10}},{"id":"0e8fc180-3773-413f-ad29-495603beec07","block_type":"box","text":"3.21","page_number":61,"box":{"x":925,"y":321,"width":29,"height":9}},{"id":"b1cc27bc-8436-4b4b-a313-9ae9533ea4f5","block_type":"box","text":"2,794","page_number":61,"box":{"x":154,"y":336,"width":41,"height":10}},{"id":"de9ca9c1-5f0f-4e8d-9bd8-461588464aaa","block_type":"box","text":"Moody's","page_number":61,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"72b1c2e4-7891-4162-8673-8aa340da183f","block_type":"box","text":"1,025,188","page_number":61,"box":{"x":727,"y":336,"width":72,"height":10}},{"id":"5f9f5314-8e3f-4618-9bda-b7037bc96f30","block_type":"box","text":"0.70","page_number":61,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"8c925df4-beba-4eb1-b815-e1d1856a274d","block_type":"box","text":"38,717","page_number":61,"box":{"x":145,"y":351,"width":50,"height":11}},{"id":"b5228c33-4255-4084-a4b4-2547f186ae3f","block_type":"box","text":"Netflix","page_number":61,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"a7c71a9e-e990-45c0-900d-b7c418fa7d8c","block_type":"box","text":"2,248,963","page_number":61,"box":{"x":726,"y":351,"width":73,"height":11}},{"id":"d26d0310-f76a-44f7-8562-0fa801f040a6","block_type":"box","text":"1.53","page_number":61,"box":{"x":926,"y":351,"width":30,"height":9}},{"id":"d607b68d-2276-48f1-a0aa-c91aada2bc58","block_type":"box","text":"211,300","page_number":61,"box":{"x":137,"y":367,"width":58,"height":10}},{"id":"18fc037e-2d25-4041-9df4-cb48ba256ccf","block_type":"box","text":"Sunny Optical Technology","page_number":61,"box":{"x":230,"y":367,"width":193,"height":11}},{"id":"e1e3f1b6-3a03-469b-9680-945c52c9ceac","block_type":"box","text":"1,210,115","page_number":61,"box":{"x":729,"y":367,"width":70,"height":10}},{"id":"673ddfc5-4a78-43c6-b831-cac4b3357eac","block_type":"box","text":"0.82","page_number":61,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"4adf1efd-d316-4c8d-836e-347285c4fce8","block_type":"box","text":"33,100","page_number":61,"box":{"x":145,"y":382,"width":50,"height":10}},{"id":"658213a8-59a4-4ce1-99cd-1114b37c65ff","block_type":"box","text":"Tencent Holdings","page_number":61,"box":{"x":229,"y":382,"width":128,"height":11}},{"id":"09cf2f0c-5a3e-4597-9dff-f014f8a057fa","block_type":"box","text":"1,362,331","page_number":61,"box":{"x":727,"y":382,"width":70,"height":10}},{"id":"7fb9ed6c-8bb7-41b6-a7c4-33121f68ba77","block_type":"box","text":"0.92","page_number":61,"box":{"x":925,"y":382,"width":31,"height":9}},{"id":"4e486fa4-0e6b-438f-a7ec-4ca902de698b","block_type":"box","text":"38,230","page_number":61,"box":{"x":145,"y":397,"width":50,"height":11}},{"id":"bbc85089-aadb-4b61-92f4-7cd213890dc0","block_type":"box","text":"Uber Technologies","page_number":61,"box":{"x":230,"y":398,"width":137,"height":11}},{"id":"dca28e3a-b42a-4337-98ec-3f685ad18b71","block_type":"box","text":"2,129,947","page_number":61,"box":{"x":726,"y":397,"width":73,"height":11}},{"id":"d6de09f3-1ff6-4dbf-b41a-84fdb5dbd85c","block_type":"box","text":"1.44","page_number":61,"box":{"x":926,"y":398,"width":30,"height":8}},{"id":"80ec31ec-888a-4d1d-bbe5-c559b3cfd5f9","block_type":"box","text":"36,357,804","page_number":61,"box":{"x":717,"y":415,"width":83,"height":11}},{"id":"9308f80a-9487-47da-aaaf-4fb6d8e74634","block_type":"box","text":"24.66","page_number":61,"box":{"x":916,"y":415,"width":41,"height":9}},{"id":"f8cf279f-9c8f-4897-8f0a-1b9ea95e7a00","block_type":"box","text":"Automation","page_number":61,"box":{"x":42,"y":447,"width":92,"height":8}},{"id":"5787f88c-83b5-429e-ad53-555ad2729029","block_type":"box","text":"17.54% (31 December 2025 - 14.73%)","page_number":61,"box":{"x":135,"y":446,"width":295,"height":12}},{"id":"d9aa1736-c896-4eaf-9833-7db2de52ae0f","block_type":"box","text":"2,842","page_number":61,"box":{"x":154,"y":465,"width":41,"height":10}},{"id":"86663866-1e2d-4a91-9545-6b8635fb0cb9","block_type":"box","text":"ASML Holding","page_number":61,"box":{"x":229,"y":465,"width":105,"height":11}},{"id":"7d05f98d-73c9-4902-8ff4-4df1acb461bf","block_type":"box","text":"3,978,552","page_number":61,"box":{"x":726,"y":465,"width":73,"height":10}},{"id":"a568924d-453d-4384-9846-ce568aae2804","block_type":"box","text":"2.70","page_number":61,"box":{"x":925,"y":465,"width":31,"height":9}},{"id":"47aad57c-a12e-4c9b-b062-2c282008526d","block_type":"box","text":"13,005","page_number":61,"box":{"x":146,"y":480,"width":49,"height":11}},{"id":"2e7c76ed-d990-4f1b-8bd7-1a25376aeee4","block_type":"box","text":"Broadcom","page_number":61,"box":{"x":230,"y":481,"width":74,"height":8}},{"id":"9b4ea851-01b3-45bc-b33d-c4fd2a6ffcd3","block_type":"box","text":"3,506,652","page_number":61,"box":{"x":726,"y":480,"width":73,"height":11}},{"id":"55c60f56-667d-417a-959d-f26ec7528070","block_type":"box","text":"2.38","page_number":61,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"5b648214-f5ac-48fa-b048-72a96e9137aa","block_type":"box","text":"24,324","page_number":61,"box":{"x":145,"y":496,"width":50,"height":10}},{"id":"fe3479b1-d9e5-439f-91ab-716bc27c499c","block_type":"box","text":"Emerson Electric","page_number":61,"box":{"x":230,"y":496,"width":126,"height":9}},{"id":"258d9eb5-9601-421c-ac15-53dadba4ae7b","block_type":"box","text":"2,530,825","page_number":61,"box":{"x":726,"y":496,"width":73,"height":10}},{"id":"279e7c8a-b30a-4fc8-99cb-b0e6119b015d","block_type":"box","text":"1.72","page_number":61,"box":{"x":926,"y":496,"width":30,"height":9}},{"id":"9b6ef24d-bb3c-4130-89d7-aacb15bc9001","block_type":"box","text":"26,302","page_number":61,"box":{"x":145,"y":511,"width":50,"height":11}},{"id":"cc8b0932-c544-4d79-b5c6-20ae9f82f97b","block_type":"box","text":"Infineon Technologies","page_number":61,"box":{"x":230,"y":511,"width":160,"height":11}},{"id":"89d35ad1-33aa-4795-9acd-9abea933be90","block_type":"box","text":"1,745,493","page_number":61,"box":{"x":727,"y":511,"width":72,"height":11}},{"id":"dcfe361f-f7b5-4d74-8be0-176069c6a837","block_type":"box","text":"1.18","page_number":61,"box":{"x":926,"y":511,"width":30,"height":9}},{"id":"32ec5275-3183-4181-adbf-82ea4855a5ac","block_type":"box","text":"3,100","page_number":61,"box":{"x":154,"y":527,"width":41,"height":10}},{"id":"1f64db01-c3e3-4b99-bb13-d8b325a5831b","block_type":"box","text":"Keyence","page_number":61,"box":{"x":230,"y":527,"width":64,"height":11}},{"id":"5d1b5a2a-cfed-4162-ba83-24069b555be9","block_type":"box","text":"1,149,712","page_number":61,"box":{"x":727,"y":527,"width":72,"height":10}},{"id":"00e15f0b-21f2-4851-80af-5150093d82f9","block_type":"box","text":"0.78","page_number":61,"box":{"x":925,"y":527,"width":31,"height":8}},{"id":"77f117e1-3b8d-4458-8aae-41f3c04de89c","block_type":"box","text":"50,411","page_number":61,"box":{"x":146,"y":542,"width":47,"height":10}},{"id":"dd8ad667-a315-42ca-bf0c-bdbfff50ce4e","block_type":"box","text":"NVIDIA","page_number":61,"box":{"x":230,"y":542,"width":55,"height":9}},{"id":"16458b89-2f4b-4ac8-9b2d-ca8f3426994e","block_type":"box","text":"7,340,022","page_number":61,"box":{"x":726,"y":542,"width":73,"height":10}},{"id":"3247bd08-b9a3-453c-990a-6b1b521afe38","block_type":"box","text":"4.98","page_number":61,"box":{"x":925,"y":542,"width":31,"height":9}},{"id":"9c2d1dc7-1a14-421b-a93a-cdc0f0c91ee1","block_type":"box","text":"9,192","page_number":61,"box":{"x":154,"y":557,"width":41,"height":11}},{"id":"ccde4a0d-771e-4ccb-91ba-6667629b1050","block_type":"box","text":"Schneider Electric","page_number":61,"box":{"x":230,"y":557,"width":134,"height":9}},{"id":"51fd86be-3424-461b-9007-de9888f785f5","block_type":"box","text":"2,205,560","page_number":61,"box":{"x":726,"y":557,"width":73,"height":11}},{"id":"2eb880a6-538c-42ba-b264-4bd4ad392d0e","block_type":"box","text":"1.50","page_number":61,"box":{"x":926,"y":557,"width":30,"height":9}},{"id":"b1e1f04a-fbb8-444d-9b1a-a4fb2eebfffc","block_type":"box","text":"7,241","page_number":61,"box":{"x":154,"y":573,"width":39,"height":10}},{"id":"d3283923-30c5-4e7b-bbfb-107eab0f2b76","block_type":"box","text":"Siemens","page_number":61,"box":{"x":230,"y":573,"width":64,"height":8}},{"id":"bfa4e8d1-4ef7-4f2e-b52c-e7aae2fc96ae","block_type":"box","text":"1,762,242","page_number":61,"box":{"x":727,"y":573,"width":72,"height":10}},{"id":"39a441e9-d39e-4b4e-9a70-59b23ab68cca","block_type":"box","text":"1.19","page_number":61,"box":{"x":926,"y":573,"width":30,"height":8}},{"id":"eb762b31-d2e0-47f4-ae43-c29d58340be4","block_type":"box","text":"5,018","page_number":61,"box":{"x":154,"y":588,"width":41,"height":10}},{"id":"7efdaf7d-d643-4d14-884e-b29f781a92ad","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":61,"box":{"x":229,"y":588,"width":395,"height":11}},{"id":"199476ff-8270-4144-8a55-8906db429b28","block_type":"box","text":"1,632,432","page_number":61,"box":{"x":727,"y":588,"width":72,"height":10}},{"id":"741381e3-3d65-4879-84ce-f0bfef0ef5f6","block_type":"box","text":"1.11","page_number":61,"box":{"x":928,"y":588,"width":26,"height":9}},{"id":"39c9d0c4-027e-411b-86be-e12973e6b690","block_type":"box","text":"25,851,490","page_number":61,"box":{"x":717,"y":606,"width":82,"height":10}},{"id":"8da2dbe2-121a-487d-ba51-a4ff86a94013","block_type":"box","text":"17.54","page_number":61,"box":{"x":916,"y":606,"width":41,"height":9}},{"id":"c2bac3e0-9aa4-480c-80ff-384b234df91b","block_type":"box","text":"Ageing","page_number":61,"box":{"x":42,"y":637,"width":56,"height":11}},{"id":"ac186527-2f00-4dc1-b283-3887573d284f","block_type":"box","text":"6.47% (31 December 2025 - 4.87%)","page_number":61,"box":{"x":99,"y":637,"width":276,"height":11}},{"id":"12caf9e1-9acb-4239-8847-426bda0beb82","block_type":"box","text":"6,591","page_number":61,"box":{"x":154,"y":656,"width":39,"height":10}},{"id":"b14c73fe-aa22-45c6-acad-cc579df4df02","block_type":"box","text":"Amgen","page_number":61,"box":{"x":229,"y":656,"width":52,"height":11}},{"id":"9b74438f-1e74-4a09-9104-4c9631389a24","block_type":"box","text":"1,844,838","page_number":61,"box":{"x":727,"y":656,"width":72,"height":10}},{"id":"82bddf91-bc63-4f14-bdc0-451d01be796e","block_type":"box","text":"1.25","page_number":61,"box":{"x":926,"y":656,"width":31,"height":8}},{"id":"5cef2885-1d97-45d5-90c8-4bebce38b971","block_type":"box","text":"3,243","page_number":61,"box":{"x":154,"y":671,"width":41,"height":10}},{"id":"ba3c8f11-5a6a-4c01-9d35-1ffb7f945c46","block_type":"box","text":"BlackRock","page_number":61,"box":{"x":230,"y":671,"width":78,"height":9}},{"id":"130f8816-7a6b-4f63-aeda-6614b42d7c06","block_type":"box","text":"2,414,108","page_number":61,"box":{"x":726,"y":671,"width":73,"height":10}},{"id":"0b0f9007-1c87-478f-b188-729bb4cea6a3","block_type":"box","text":"1.64","page_number":61,"box":{"x":926,"y":671,"width":30,"height":9}},{"id":"c9f17dc9-e913-4fa0-9127-1491173d3c89","block_type":"box","text":"2,902","page_number":61,"box":{"x":154,"y":686,"width":41,"height":11}},{"id":"e8e919db-0da9-4078-ad84-a69ae52b32b7","block_type":"box","text":"Eli Lilly & Company","page_number":61,"box":{"x":230,"y":686,"width":143,"height":12}},{"id":"15bc127c-5357-4fe0-ba26-d4bcca793512","block_type":"box","text":"2,629,843","page_number":61,"box":{"x":726,"y":686,"width":73,"height":11}},{"id":"dee9600b-bafa-4cfa-8da4-faf17aac2443","block_type":"box","text":"1.79","page_number":61,"box":{"x":926,"y":686,"width":30,"height":9}},{"id":"02b6d9b3-d4c6-4aa3-b235-1783c0379a93","block_type":"box","text":"6,752","page_number":61,"box":{"x":154,"y":702,"width":41,"height":10}},{"id":"f3040dd9-617c-4743-97e8-57876906a3fa","block_type":"box","text":"Thermo Fisher Scientific","page_number":61,"box":{"x":229,"y":702,"width":181,"height":9}},{"id":"3d81d8c6-2d63-4de7-9ca4-5d16473719c7","block_type":"box","text":"2,644,438","page_number":61,"box":{"x":726,"y":702,"width":73,"height":10}},{"id":"eb67cfc6-089a-41b5-99c7-626084b8c5cd","block_type":"box","text":"1.79","page_number":61,"box":{"x":926,"y":702,"width":30,"height":9}},{"id":"bd7b400d-ea1e-4847-b315-afab389a18b9","block_type":"box","text":"9,533,227","page_number":61,"box":{"x":726,"y":720,"width":73,"height":10}},{"id":"a32c528a-98d2-4d76-adc4-52a7403afef0","block_type":"box","text":"6.47","page_number":61,"box":{"x":925,"y":720,"width":31,"height":8}},{"id":"bddd75df-bafa-4897-90f9-a620193c19e9","block_type":"box","text":"Evolving Consumption","page_number":61,"box":{"x":43,"y":751,"width":181,"height":11}},{"id":"f76b4bf4-2b29-4574-bfd0-ea5b223cd569","block_type":"box","text":"8.11% (31 December 2025 - 12.30%)","page_number":61,"box":{"x":230,"y":751,"width":279,"height":11}},{"id":"11796d50-d936-42b2-a494-8f13327bbf95","block_type":"box","text":"24,525","page_number":61,"box":{"x":145,"y":769,"width":50,"height":11}},{"id":"6e24b8a9-34c9-4c41-af65-d57b4d2a6da3","block_type":"box","text":"Colgate-Palmolive","page_number":61,"box":{"x":230,"y":769,"width":134,"height":12}},{"id":"fe873c7a-1c9a-44c5-9bb6-2a7608f2d9a7","block_type":"box","text":"1,745,897","page_number":61,"box":{"x":727,"y":769,"width":72,"height":11}},{"id":"34b548e5-2243-4ec3-9aef-16ac7c358b58","block_type":"box","text":"1.18","page_number":61,"box":{"x":926,"y":769,"width":30,"height":9}},{"id":"246da158-d6ec-4405-a000-8a7a504a4008","block_type":"box","text":"43,841","page_number":61,"box":{"x":144,"y":785,"width":49,"height":10}},{"id":"d6acf101-f0df-4d61-87bb-14e55f11283c","block_type":"box","text":"Compass Group","page_number":61,"box":{"x":230,"y":785,"width":120,"height":11}},{"id":"920c6dd5-c98c-4277-92d5-3ca75aa68feb","block_type":"box","text":"1,073,583","page_number":61,"box":{"x":727,"y":785,"width":72,"height":10}},{"id":"221259e4-a74d-4179-a6f9-59e75e60291e","block_type":"box","text":"0.73","page_number":61,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"acb1b86f-55dc-48c4-98c1-1ae93dc21999","block_type":"box","text":"4,084","page_number":61,"box":{"x":154,"y":800,"width":41,"height":10}},{"id":"49219c90-c628-4b13-9d82-e0ddb8cbd55f","block_type":"box","text":"Costco Wholesale","page_number":61,"box":{"x":230,"y":800,"width":134,"height":9}},{"id":"021150cd-5347-4674-94ca-48a21697c541","block_type":"box","text":"2,907,643","page_number":61,"box":{"x":726,"y":800,"width":73,"height":10}},{"id":"d7b8fec0-5edb-4d5e-925b-5c5e53af9024","block_type":"box","text":"1.97","page_number":61,"box":{"x":926,"y":800,"width":30,"height":9}},{"id":"0437653d-2652-4760-8331-04fc0f97320d","block_type":"box","text":"5,977","page_number":61,"box":{"x":154,"y":815,"width":41,"height":11}},{"id":"4d5a6d96-6cd4-4fbc-9f3e-5023d60b1f13","block_type":"box","text":"EssilorLuxottica","page_number":61,"box":{"x":230,"y":816,"width":116,"height":8}},{"id":"fb36a92a-900a-4cc0-84ab-2d217c03841a","block_type":"box","text":"881,682","page_number":61,"box":{"x":740,"y":815,"width":59,"height":11}},{"id":"b5ccd562-bb48-4283-844a-e8c8aa25eb43","block_type":"box","text":"0.60","page_number":61,"box":{"x":925,"y":816,"width":31,"height":8}},{"id":"d040e080-228c-4b46-aa14-bc67f53fd1e1","block_type":"box","text":"8,303","page_number":61,"box":{"x":154,"y":831,"width":41,"height":10}},{"id":"0f85dc22-49b4-4683-b6f0-257ed2576549","block_type":"box","text":"Home Depot","page_number":61,"box":{"x":230,"y":831,"width":93,"height":11}},{"id":"7140d154-c02f-40a9-86bc-53f74fac275f","block_type":"box","text":"2,224,017","page_number":61,"box":{"x":726,"y":831,"width":73,"height":10}},{"id":"f133311d-984b-43fe-bb95-9af592189d69","block_type":"box","text":"1.51","page_number":61,"box":{"x":926,"y":831,"width":28,"height":9}},{"id":"318cf01b-3435-4634-9a9b-7eb0adf7caed","block_type":"box","text":"6,346","page_number":61,"box":{"x":154,"y":846,"width":41,"height":11}},{"id":"276fb388-8d45-45d9-9e5a-86ed20cb7b85","block_type":"box","text":"L'Oreal","page_number":61,"box":{"x":230,"y":846,"width":51,"height":9}},{"id":"e5c9d54c-b165-4d81-83d0-c0767abd8d4a","block_type":"box","text":"2,078,533","page_number":61,"box":{"x":726,"y":846,"width":73,"height":11}},{"id":"d2c74edd-ee08-4e6b-9054-0b8d9dd89fc9","block_type":"box","text":"1.41","page_number":61,"box":{"x":926,"y":846,"width":28,"height":9}},{"id":"043adf07-148c-4721-bf8a-eafbaec5f321","block_type":"box","text":"2,463","page_number":61,"box":{"x":154,"y":862,"width":41,"height":10}},{"id":"69f657f1-8b22-4977-b43a-0eccc63d2437","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":61,"box":{"x":230,"y":862,"width":266,"height":11}},{"id":"e38bffeb-3104-4aec-8149-29aee26c22ff","block_type":"box","text":"1,045,873","page_number":61,"box":{"x":727,"y":862,"width":72,"height":10}},{"id":"46294cef-c1e9-4aa1-aaf5-daae12b533d5","block_type":"box","text":"0.71","page_number":61,"box":{"x":925,"y":862,"width":29,"height":8}},{"id":"6eae3571-40e6-46ec-9ed4-02b676c55b55","block_type":"box","text":"11,957,228","page_number":61,"box":{"x":718,"y":880,"width":81,"height":10}},{"id":"1252c25a-4538-4145-bde2-1e4e0a9a46b4","block_type":"box","text":"8.11","page_number":61,"box":{"x":926,"y":880,"width":28,"height":8}},{"id":"365f61c4-122f-45b3-9f0b-003c07ccfb7b","block_type":"box","text":"61","page_number":62,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"5199c98e-cce1-4345-ae3c-325c0823cb9b","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":62,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"42dd0ae5-0c92-4da7-a77a-f7f0a8d68faf","block_type":"box","text":"Portfolio Statement (continued)","page_number":62,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"bdcf5c24-9f50-4988-a799-aa2068f44782","block_type":"box","text":"Holding","page_number":62,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"07fdf833-0971-4425-b71c-702bf1b99a01","block_type":"box","text":"Investment","page_number":62,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"f1d765a8-7469-499f-b1b4-7a1698440d6b","block_type":"box","text":"Market","page_number":62,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"2a600b62-e552-49db-be64-7e14706aaa9b","block_type":"box","text":"Value","page_number":62,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"255fafa1-d2e0-47ae-add5-1f3f56980783","block_type":"box","text":"£","page_number":62,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"968655b3-fd1f-4a94-aeff-c279873e679a","block_type":"box","text":"% of","page_number":62,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"318383bd-c868-4476-a365-9cc543b69175","block_type":"box","text":"Net Assets","page_number":62,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"6cef32dc-2eab-4046-b4e6-6be3bcc13648","block_type":"box","text":"Security","page_number":62,"box":{"x":42,"y":164,"width":66,"height":11}},{"id":"acb00521-85bf-48f4-beb9-09e3409400ed","block_type":"box","text":"14.21% (31 December 2025 - 12.33%)","page_number":62,"box":{"x":108,"y":164,"width":295,"height":11}},{"id":"d84587b8-582e-4dd3-9e86-79d0b94deedd","block_type":"box","text":"113,973","page_number":62,"box":{"x":138,"y":183,"width":57,"height":10}},{"id":"41d0a0db-7340-4cb4-8299-6188c7171901","block_type":"box","text":"Bank of Ireland Group","page_number":62,"box":{"x":230,"y":183,"width":163,"height":11}},{"id":"3bbd0282-8627-4e58-93e5-b8cdf5f41d30","block_type":"box","text":"1,689,543","page_number":62,"box":{"x":727,"y":183,"width":72,"height":10}},{"id":"d1e3e7e6-d420-4600-93b7-4250c788cd7e","block_type":"box","text":"1.15","page_number":62,"box":{"x":926,"y":183,"width":31,"height":9}},{"id":"cc24de36-17d7-48e9-8b97-1a8b165fb044","block_type":"box","text":"131,757","page_number":62,"box":{"x":137,"y":198,"width":58,"height":11}},{"id":"19843322-d445-4e13-97af-783f608c44c2","block_type":"box","text":"BHP Group","page_number":62,"box":{"x":230,"y":198,"width":84,"height":11}},{"id":"98b25521-b69d-406d-83f1-0582bfe640d5","block_type":"box","text":"4,138,868","page_number":62,"box":{"x":726,"y":198,"width":73,"height":11}},{"id":"b77de0db-c8e7-4e36-b62a-db0dd274c848","block_type":"box","text":"2.81","page_number":62,"box":{"x":925,"y":198,"width":29,"height":9}},{"id":"d90926c1-f729-42af-9d4a-dca56c08693e","block_type":"box","text":"39,443","page_number":62,"box":{"x":145,"y":214,"width":50,"height":10}},{"id":"048b39d6-4cd6-47b1-941c-424f321235df","block_type":"box","text":"Citigroup","page_number":62,"box":{"x":230,"y":213,"width":65,"height":12}},{"id":"c003e308-3c84-4e86-975b-c5c010a50678","block_type":"box","text":"4,131,955","page_number":62,"box":{"x":726,"y":214,"width":73,"height":10}},{"id":"e1e9ec6f-2b4b-4bcd-8837-1968d57e1a17","block_type":"box","text":"2.80","page_number":62,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"88543ef1-7c8d-4182-a7d3-f22074a9fb5d","block_type":"box","text":"12,838","page_number":62,"box":{"x":146,"y":229,"width":49,"height":10}},{"id":"a8a5bedd-10b0-4f6d-8f8f-b7cfbf0ed8a8","block_type":"box","text":"CME Group","page_number":62,"box":{"x":230,"y":229,"width":87,"height":11}},{"id":"c8e7bd80-4944-4268-8abb-4f81e2f9f0c2","block_type":"box","text":"2,273,501","page_number":62,"box":{"x":726,"y":229,"width":71,"height":10}},{"id":"249bb2a1-8c63-457e-89f2-0539f65f05ef","block_type":"box","text":"1.54","page_number":62,"box":{"x":926,"y":229,"width":30,"height":9}},{"id":"47bd192b-19ad-465c-a061-d170ef241c0b","block_type":"box","text":"77,900","page_number":62,"box":{"x":145,"y":244,"width":50,"height":11}},{"id":"f34859dc-8c91-492a-a5f9-0b42db37bef4","block_type":"box","text":"DBS Group","page_number":62,"box":{"x":230,"y":244,"width":84,"height":11}},{"id":"b9344e9b-20e5-4dbc-8f07-6231f426aabf","block_type":"box","text":"3,007,522","page_number":62,"box":{"x":726,"y":244,"width":73,"height":11}},{"id":"ca9df7c3-0561-4452-a7b7-3d5a0d1fd571","block_type":"box","text":"2.04","page_number":62,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"c1192367-610a-490d-96ee-e2d4f4b06c50","block_type":"box","text":"2,420","page_number":62,"box":{"x":154,"y":260,"width":41,"height":10}},{"id":"759a2a3c-4627-4765-a596-1bdd10207ece","block_type":"box","text":"Deere & Company","page_number":62,"box":{"x":230,"y":260,"width":137,"height":11}},{"id":"f3605717-c034-4727-8c2e-ccd55a9917c3","block_type":"box","text":"1,124,876","page_number":62,"box":{"x":727,"y":260,"width":72,"height":10}},{"id":"e53af006-96db-4baf-af20-37150528e6af","block_type":"box","text":"0.76","page_number":62,"box":{"x":925,"y":260,"width":31,"height":8}},{"id":"320efe5e-5c2f-4a7b-aa0e-7bff9681473d","block_type":"box","text":"12,274","page_number":62,"box":{"x":146,"y":275,"width":49,"height":10}},{"id":"86a3ba1f-de01-4387-a6da-bdece8f32f93","block_type":"box","text":"JPMorgan Chase & Company","page_number":62,"box":{"x":229,"y":275,"width":222,"height":11}},{"id":"3f7b15da-e51b-4441-837b-a73778dfbf3f","block_type":"box","text":"3,070,912","page_number":62,"box":{"x":726,"y":275,"width":73,"height":10}},{"id":"9ee9d806-e3d7-4845-bf45-9dee7e5db98d","block_type":"box","text":"2.08","page_number":62,"box":{"x":925,"y":275,"width":31,"height":9}},{"id":"c675dbaf-d888-4643-9412-30c4ffbcce19","block_type":"box","text":"1,148","page_number":62,"box":{"x":155,"y":290,"width":40,"height":11}},{"id":"e3ac2b31-f3e3-4e31-82df-c98834f04755","block_type":"box","text":"MercadoLibre","page_number":62,"box":{"x":230,"y":290,"width":101,"height":9}},{"id":"e2fd387c-4b4e-4416-9528-a10b7c6fa293","block_type":"box","text":"1,515,068","page_number":62,"box":{"x":727,"y":290,"width":72,"height":11}},{"id":"fae0a05d-54f1-467b-a628-34d02eaeac1e","block_type":"box","text":"1.03","page_number":62,"box":{"x":926,"y":290,"width":30,"height":9}},{"id":"4f678efe-094c-49fd-8862-5d97ec552b7b","block_type":"box","text":"20,952,245","page_number":62,"box":{"x":717,"y":308,"width":83,"height":11}},{"id":"41403d90-1f3c-4f14-a96a-c88ea04fe7cb","block_type":"box","text":"14.21","page_number":62,"box":{"x":916,"y":308,"width":38,"height":9}},{"id":"6925afa5-a0e6-46e1-a976-397b83aec9cb","block_type":"box","text":"Sustained Income","page_number":62,"box":{"x":42,"y":339,"width":143,"height":9}},{"id":"86b04a8a-6c7f-4447-93d6-222b4f0d4411","block_type":"box","text":"0.00% (31 December 2025 - 7.79%)","page_number":62,"box":{"x":186,"y":339,"width":276,"height":11}},{"id":"94bca76d-80e0-4828-a46e-3b99145893c3","block_type":"box","text":"Climate Change","page_number":62,"box":{"x":43,"y":374,"width":125,"height":11}},{"id":"0e134a41-6090-48c8-a216-f4571670493e","block_type":"box","text":"1.75% (31 December 2025 - 1.21%)","page_number":62,"box":{"x":169,"y":374,"width":276,"height":11}},{"id":"c3beb007-73d6-4980-9efa-90057fe9b527","block_type":"box","text":"6,320","page_number":62,"box":{"x":154,"y":392,"width":41,"height":11}},{"id":"e55d9cf0-3b38-4b20-b9b0-ae5e068fa36d","block_type":"box","text":"Linde","page_number":62,"box":{"x":230,"y":393,"width":39,"height":8}},{"id":"cb87f3b6-03e4-47b1-ac91-53f939545a70","block_type":"box","text":"2,585,108","page_number":62,"box":{"x":726,"y":392,"width":73,"height":11}},{"id":"40485932-e1d1-4b24-b937-731349dbb597","block_type":"box","text":"1.75","page_number":62,"box":{"x":926,"y":392,"width":31,"height":9}},{"id":"911e43f1-7b0d-400b-8b2a-5541bd1a9dac","block_type":"box","text":"2,585,108","page_number":62,"box":{"x":726,"y":410,"width":73,"height":11}},{"id":"09b60c96-1859-455c-a934-9e95ab92fe6c","block_type":"box","text":"1.75","page_number":62,"box":{"x":926,"y":410,"width":31,"height":9}},{"id":"9f8e4591-834f-4f76-aa9a-137aa3469cb2","block_type":"box","text":"Global Exchange Traded Funds","page_number":62,"box":{"x":43,"y":441,"width":249,"height":11}},{"id":"1d750da2-ca74-4253-b6f0-26d9ff8bb5c4","block_type":"box","text":"22.15% (31 December 2025 - 12.52%)","page_number":62,"box":{"x":293,"y":441,"width":295,"height":11}},{"id":"07b78634-ed44-4cbb-9d06-510a51b7a4ec","block_type":"box","text":"367,592","page_number":62,"box":{"x":136,"y":460,"width":59,"height":10}},{"id":"277ebb34-05a5-4ed8-9e29-05d3c27a7d7a","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":62,"box":{"x":230,"y":460,"width":367,"height":11}},{"id":"0abb76c5-7358-4d58-b022-eba280ca571b","block_type":"box","text":"2,800,683","page_number":62,"box":{"x":726,"y":460,"width":73,"height":10}},{"id":"7a9299ef-040c-4918-81c1-b5d46a450369","block_type":"box","text":"1.90","page_number":62,"box":{"x":926,"y":460,"width":30,"height":9}},{"id":"9d470867-c553-4573-ad97-419a1e8a8841","block_type":"box","text":"237,577","page_number":62,"box":{"x":135,"y":475,"width":60,"height":11}},{"id":"fccab651-aa89-44d6-8ffb-f1d193e93225","block_type":"box","text":"iShares MSCI EM UCITS ETF USD Accumulation","page_number":62,"box":{"x":230,"y":475,"width":367,"height":9}},{"id":"c0a5477b-f996-47b4-b153-eb0fddd4f4ed","block_type":"box","text":"11,560,497","page_number":62,"box":{"x":719,"y":475,"width":80,"height":11}},{"id":"9c29fd83-25af-4d2d-80c7-52c14e40ca7f","block_type":"box","text":"7.84","page_number":62,"box":{"x":925,"y":475,"width":31,"height":9}},{"id":"cdf31c5b-208b-42c3-9264-853a8a2cbce1","block_type":"box","text":"386,645","page_number":62,"box":{"x":136,"y":491,"width":59,"height":10}},{"id":"06a93d74-1f06-4efc-9cd6-783e62c3259d","block_type":"box","text":"iShares MSCI Global Semiconductors UCITS ETF","page_number":62,"box":{"x":230,"y":491,"width":371,"height":9}},{"id":"b07d8720-e09d-4da9-87a5-abdad1879641","block_type":"box","text":"6,410,574","page_number":62,"box":{"x":726,"y":491,"width":73,"height":10}},{"id":"04060b84-d328-497a-a759-738ed54ef2de","block_type":"box","text":"4.35","page_number":62,"box":{"x":925,"y":491,"width":32,"height":9}},{"id":"5bcd5085-e609-44c4-ad54-503677641f2c","block_type":"box","text":"36,047","page_number":62,"box":{"x":145,"y":506,"width":50,"height":10}},{"id":"301181e1-7e0f-4e2b-a8ff-5ab6c1ca14b8","block_type":"box","text":"iShares MSCI Korea UCITS ETF","page_number":62,"box":{"x":230,"y":506,"width":243,"height":9}},{"id":"1074df17-efeb-4598-8f1e-1b43af0431a9","block_type":"box","text":"3,714,013","page_number":62,"box":{"x":726,"y":506,"width":73,"height":10}},{"id":"1edc7604-782e-427b-8332-79339557ca0c","block_type":"box","text":"2.52","page_number":62,"box":{"x":925,"y":506,"width":31,"height":9}},{"id":"61b6c550-8107-47db-beb0-8efa9063a268","block_type":"box","text":"101,296","page_number":62,"box":{"x":137,"y":521,"width":58,"height":11}},{"id":"897908d4-1d2f-4318-8c81-15661ad93e61","block_type":"box","text":"iShares MSCI World Energy Sector UCITS ETF","page_number":62,"box":{"x":230,"y":521,"width":352,"height":12}},{"id":"418ba09a-342a-45ec-a189-bef0a315b599","block_type":"box","text":"645,154","page_number":62,"box":{"x":740,"y":521,"width":59,"height":11}},{"id":"9959fce2-d43e-4c60-91cb-6e504f2abd58","block_type":"box","text":"0.44","page_number":62,"box":{"x":925,"y":522,"width":31,"height":8}},{"id":"5a2aa2bb-1122-47af-bc36-914fdf8e1d00","block_type":"box","text":"87,125","page_number":62,"box":{"x":145,"y":537,"width":50,"height":10}},{"id":"e3e07e49-4662-4678-aeaa-9c64a249fd83","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS","page_number":62,"box":{"x":230,"y":537,"width":420,"height":11}},{"id":"0eb9fcc2-a217-4f23-b8f4-2c65bf801ec1","block_type":"box","text":"ETF","page_number":62,"box":{"x":230,"y":551,"width":30,"height":9}},{"id":"b44fabec-16aa-4369-aab5-11594f8e778d","block_type":"box","text":"5,718,321","page_number":62,"box":{"x":726,"y":551,"width":71,"height":10}},{"id":"5a5715ca-9dcc-479a-be0f-24c131f11b38","block_type":"box","text":"3.88","page_number":62,"box":{"x":925,"y":551,"width":31,"height":9}},{"id":"7f7661ba-70ab-4aac-ad61-662fc55478a9","block_type":"box","text":"39,076","page_number":62,"box":{"x":145,"y":566,"width":50,"height":11}},{"id":"5aeb6d3f-d399-4e1a-99fc-53c3ba94564a","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":62,"box":{"x":229,"y":566,"width":242,"height":12}},{"id":"e57b33c8-c6af-4017-acee-7dd02197b536","block_type":"box","text":"1,805,507","page_number":62,"box":{"x":727,"y":566,"width":72,"height":11}},{"id":"e11fe7da-18e4-4184-991d-858b09ec86fe","block_type":"box","text":"1.22","page_number":62,"box":{"x":926,"y":566,"width":30,"height":9}},{"id":"2640baec-847e-4bbb-92b6-a2f0333543e7","block_type":"box","text":"32,654,749","page_number":62,"box":{"x":717,"y":584,"width":82,"height":11}},{"id":"72191568-8b69-4e30-ad0f-8ab8601459a0","block_type":"box","text":"22.15","page_number":62,"box":{"x":916,"y":584,"width":41,"height":9}},{"id":"c0b96d78-a30b-4797-b365-c400a58829cf","block_type":"box","text":"Global Exchange Traded Commodities","page_number":62,"box":{"x":43,"y":615,"width":305,"height":12}},{"id":"dd01be0c-3d74-4387-ba30-bd0e48d90f60","block_type":"box","text":"0.00% (31 December 2025 - 0.53%)","page_number":62,"box":{"x":349,"y":615,"width":276,"height":12}},{"id":"d2d7d7c8-c72b-4814-8210-e20e74e55a79","block_type":"box","text":"Global Collective Investment Schemes","page_number":62,"box":{"x":43,"y":635,"width":306,"height":9}},{"id":"6aa1ca45-26f9-44e6-aece-6b636d4c7777","block_type":"box","text":"3.40% (31 December 2025 - 4.07%)","page_number":62,"box":{"x":350,"y":635,"width":276,"height":11}},{"id":"f3b992f7-4413-4885-97b4-a4937167823e","block_type":"box","text":"16,345","page_number":62,"box":{"x":146,"y":653,"width":49,"height":11}},{"id":"256ecc54-e35c-411f-b94a-049116009fac","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":62,"box":{"x":230,"y":653,"width":321,"height":12}},{"id":"09603492-30ca-4aa8-8938-fecc0d304910","block_type":"box","text":"5,014,793","page_number":62,"box":{"x":726,"y":653,"width":73,"height":11}},{"id":"d9cb0773-41a2-4bd6-a7f5-51f685e6be99","block_type":"box","text":"3.40","page_number":62,"box":{"x":925,"y":653,"width":31,"height":9}},{"id":"342c15cb-edce-41fc-8024-2f7478e423b7","block_type":"box","text":"5,014,793","page_number":62,"box":{"x":726,"y":671,"width":73,"height":11}},{"id":"eb023fe7-d509-4572-9e77-46e40ac6fc49","block_type":"box","text":"3.40","page_number":62,"box":{"x":925,"y":671,"width":31,"height":9}},{"id":"5f8a2033-aa11-48df-bd2a-1228c7f22043","block_type":"box","text":"UK Gilts","page_number":62,"box":{"x":43,"y":702,"width":64,"height":9}},{"id":"4a3caeb3-7601-403a-ab72-a539eec21b5f","block_type":"box","text":"0.00% (31 December 2025 - 2.48%)","page_number":62,"box":{"x":113,"y":702,"width":271,"height":12}},{"id":"1388364d-848e-4817-9178-db91633eca3f","block_type":"box","text":"Forward Currency Contracts","page_number":62,"box":{"x":43,"y":737,"width":226,"height":11}},{"id":"7014e796-ca21-4ed9-9051-4987cb7b7a6c","block_type":"box","text":"0.02% (31 December 2025 - 0.22%)","page_number":62,"box":{"x":275,"y":737,"width":271,"height":11}},{"id":"ab082494-5720-4624-99cc-3a62b513b482","block_type":"box","text":"AUD (2)","page_number":62,"box":{"x":135,"y":755,"width":60,"height":12}},{"id":"bd9be8bb-bf05-4e56-9168-f84bf5740dc0","block_type":"box","text":"Sold AUD, Bought GBP 1 for settlement on 24/07/2026","page_number":62,"box":{"x":230,"y":755,"width":406,"height":12}},{"id":"973155a1-21b6-4677-a483-636d84a2e865","block_type":"box","text":"–","page_number":62,"box":{"x":791,"y":761,"width":9,"height":1}},{"id":"32dfa799-e359-457f-a2c1-8d09bfaec2fc","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":761,"width":9,"height":1}},{"id":"632ca6ba-db94-473c-8c74-ba585a65bca9","block_type":"box","text":"AUD (4,630)","page_number":62,"box":{"x":102,"y":771,"width":93,"height":11}},{"id":"a296367e-ef93-4639-a183-c00e0a5f0f67","block_type":"box","text":"Sold AUD, Bought GBP 2,413 for settlement on","page_number":62,"box":{"x":230,"y":771,"width":349,"height":11}},{"id":"f0a565ed-f4a4-4bef-8815-ccba6adfd303","block_type":"box","text":"24/07/2026","page_number":62,"box":{"x":229,"y":785,"width":83,"height":9}},{"id":"c389336a-b8a8-4cac-a68c-e223ed1fdf0a","block_type":"box","text":"9","page_number":62,"box":{"x":792,"y":785,"width":7,"height":9}},{"id":"76632e0b-8273-43ac-b119-a694c1a2d0d4","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":790,"width":9,"height":1}},{"id":"49e42839-f47f-4f18-be0f-01f5bdab8a52","block_type":"box","text":"AUD (4,414)","page_number":62,"box":{"x":102,"y":800,"width":93,"height":12}},{"id":"21db7c4c-3976-442a-9d4e-f5b8fbfb9848","block_type":"box","text":"Sold AUD, Bought GBP 2,302 for settlement on","page_number":62,"box":{"x":230,"y":800,"width":349,"height":12}},{"id":"cf6a4835-d7da-42f4-b8de-903689eb0e6a","block_type":"box","text":"24/07/2026","page_number":62,"box":{"x":229,"y":815,"width":83,"height":9}},{"id":"a8cd69ea-fc51-4583-b7ed-c70596f3a20d","block_type":"box","text":"10","page_number":62,"box":{"x":783,"y":815,"width":16,"height":9}},{"id":"ee3e604f-8f10-4f70-90e0-4c5aedff5a78","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":820,"width":9,"height":1}},{"id":"9872ac8c-8871-469e-8918-dfa80095f634","block_type":"box","text":"AUD (59)","page_number":62,"box":{"x":126,"y":830,"width":69,"height":11}},{"id":"d5bb33d7-3cc1-4c67-978e-c1de041716b3","block_type":"box","text":"Sold AUD, Bought GBP 31 for settlement on 24/07/2026","page_number":62,"box":{"x":230,"y":830,"width":415,"height":11}},{"id":"6b32db9d-20d2-41f8-ab6e-54b76456866e","block_type":"box","text":"1","page_number":62,"box":{"x":793,"y":830,"width":4,"height":9}},{"id":"15049a88-1e31-4766-9e56-dc50fccb0f79","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":835,"width":9,"height":1}},{"id":"f0cbebea-3744-4871-9f5b-0036ce28846a","block_type":"box","text":"AUD (7,092)","page_number":62,"box":{"x":102,"y":845,"width":93,"height":12}},{"id":"d3355b71-9ea1-45af-a69e-3e742839fdb4","block_type":"box","text":"Sold AUD, Bought GBP 3,680 for settlement on","page_number":62,"box":{"x":230,"y":845,"width":355,"height":12}},{"id":"73e239c4-9a82-4b36-9637-cd7a158353ff","block_type":"box","text":"24/07/2026","page_number":62,"box":{"x":229,"y":860,"width":83,"height":9}},{"id":"d5a3cea3-21af-4750-8f16-148f36a022c6","block_type":"box","text":"(1)","page_number":62,"box":{"x":781,"y":860,"width":19,"height":11}},{"id":"c3f3f428-6abb-415f-865a-cca3241041a1","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":865,"width":9,"height":1}},{"id":"43d58691-45f3-4a4a-995f-eeb6b6d4d157","block_type":"box","text":"AUD (1)","page_number":62,"box":{"x":135,"y":875,"width":60,"height":11}},{"id":"d4887196-2138-4c86-a197-e7ee5a00d21e","block_type":"box","text":"Sold AUD, Bought GBP 1 for settlement on 24/07/2026","page_number":62,"box":{"x":230,"y":875,"width":406,"height":11}},{"id":"f0fa97b8-172d-43db-b9a3-1a4ca0f8465f","block_type":"box","text":"–","page_number":62,"box":{"x":791,"y":880,"width":9,"height":1}},{"id":"212769e7-f16c-4cc2-9ab4-fb9c365fc16a","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":880,"width":9,"height":1}},{"id":"095809f4-d798-427e-9297-27564fd22e27","block_type":"box","text":"AUD (232,959)","page_number":62,"box":{"x":84,"y":890,"width":111,"height":12}},{"id":"f34362b4-c80d-4c86-96a3-62b9bfec092b","block_type":"box","text":"Sold AUD, Bought GBP 123,486 for settlement on","page_number":62,"box":{"x":230,"y":890,"width":374,"height":12}},{"id":"71ae8321-e369-406d-804d-34110c60472c","block_type":"box","text":"24/07/2026","page_number":62,"box":{"x":229,"y":905,"width":83,"height":8}},{"id":"2983df32-96ff-4b48-a363-aae55446eeed","block_type":"box","text":"2,556","page_number":62,"box":{"x":759,"y":905,"width":40,"height":10}},{"id":"43e15665-2835-48aa-afa0-43666e7bb07a","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":910,"width":9,"height":1}},{"id":"95bbaf28-8e05-42d1-b23b-e36e97e0ba8d","block_type":"box","text":"EUR (10,230)","page_number":62,"box":{"x":94,"y":920,"width":101,"height":11}},{"id":"dc5edf22-10e9-4f16-81dd-7292f68c3a66","block_type":"box","text":"Sold EUR, Bought GBP 8,777 for settlement on","page_number":62,"box":{"x":230,"y":920,"width":350,"height":11}},{"id":"a6d8d7c6-d409-4f0e-90ce-5a5f167ae067","block_type":"box","text":"24/07/2026","page_number":62,"box":{"x":229,"y":934,"width":83,"height":9}},{"id":"ede24663-615c-4322-8697-5a402a88aeb4","block_type":"box","text":"9","page_number":62,"box":{"x":792,"y":934,"width":7,"height":9}},{"id":"d3f3ed28-49b8-4a8d-b625-03b6c169d5b7","block_type":"box","text":"–","page_number":62,"box":{"x":948,"y":939,"width":9,"height":1}},{"id":"198903a3-300f-4274-802b-55a47de508a2","block_type":"box","text":"62","page_number":63,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"6822c19a-36fe-4e2f-8b80-bdd3acb30d66","block_type":"box","text":"63","page_number":63,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"cefa2f9d-9e16-4cd4-bf63-96f0401b3682","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":63,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"b8e487fb-2775-46df-9e24-fbeabd5e799b","block_type":"box","text":"Portfolio Statement (continued)","page_number":63,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"ca3b736b-be19-402c-a878-7d9f2fc1261a","block_type":"box","text":"Holding","page_number":63,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"70e62a16-6e21-4fd3-90ac-4cb2f6859ba3","block_type":"box","text":"Investment","page_number":63,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"6659a113-69f0-4c9b-809d-be1f38ab98a8","block_type":"box","text":"Market","page_number":63,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"106885f7-0208-46b1-bd7a-31c5342d195a","block_type":"box","text":"Value","page_number":63,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"f9913aa0-4a2c-4203-bb3c-f6c74156b523","block_type":"box","text":"£","page_number":63,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"e86b0de8-892a-4c65-b177-b88ac9437887","block_type":"box","text":"% of","page_number":63,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"e6460c73-b0c3-4309-81e0-42af42e36648","block_type":"box","text":"Net Assets","page_number":63,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"8a1629c8-1896-46ed-8086-ab1e3ef505d3","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":63,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"9067f863-58b5-42bc-a996-bb9eefee1f38","block_type":"box","text":"EUR (528,059)","page_number":63,"box":{"x":85,"y":183,"width":110,"height":11}},{"id":"d4ec1677-720b-4df8-8a72-80946feefd25","block_type":"box","text":"Sold EUR, Bought GBP 458,341 for settlement on","page_number":63,"box":{"x":230,"y":183,"width":375,"height":11}},{"id":"4220d9dc-d229-40b9-ad2e-12c6ee742673","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"72f14e12-95e9-4a14-8862-ee60b67bca58","block_type":"box","text":"5,746","page_number":63,"box":{"x":759,"y":197,"width":40,"height":10}},{"id":"48d88c82-13c1-41ce-89e9-9e682201af5a","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"4755cc99-8fef-46c2-aa16-9510e884517e","block_type":"box","text":"EUR (134)","page_number":63,"box":{"x":118,"y":212,"width":77,"height":12}},{"id":"dd182d30-dc4a-4332-ad48-460f95387995","block_type":"box","text":"Sold EUR, Bought GBP 116 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":212,"width":424,"height":12}},{"id":"aee26315-a878-4011-a3d2-853309688a69","block_type":"box","text":"1","page_number":63,"box":{"x":793,"y":213,"width":4,"height":8}},{"id":"c9943515-336c-446f-9122-49e5198e33e9","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"19984240-095f-4286-85f6-30ec0a23f0fc","block_type":"box","text":"EUR (9,938)","page_number":63,"box":{"x":104,"y":228,"width":91,"height":11}},{"id":"f9cf0852-eeb9-43da-a7e8-826bd2afbc34","block_type":"box","text":"Sold EUR, Bought GBP 8,578 for settlement on","page_number":63,"box":{"x":230,"y":228,"width":356,"height":11}},{"id":"7bcbb303-c749-4264-8802-809e0c40d4d3","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"384bd3f9-b6da-4cd0-bd74-23092a9b43bb","block_type":"box","text":"60","page_number":63,"box":{"x":782,"y":242,"width":17,"height":9}},{"id":"f3c3c40c-910d-4551-bf94-e3a3e579e399","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"fc2b759b-4179-4390-b77a-b9b362d273b4","block_type":"box","text":"EUR (3)","page_number":63,"box":{"x":136,"y":257,"width":59,"height":12}},{"id":"8c1e5822-b9b0-418a-a3a7-bbd703642723","block_type":"box","text":"Sold EUR, Bought GBP 2 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":257,"width":407,"height":12}},{"id":"8602ab63-98e2-4814-99c6-412134d61596","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"6399d69a-dc29-4a2d-85ea-cc3685fe9529","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"c52d90a1-8dd9-4c2c-becc-7564dab04637","block_type":"box","text":"EUR 40,676","page_number":63,"box":{"x":105,"y":273,"width":90,"height":10}},{"id":"af0cb394-e8e4-44c0-9e10-2bacb7252f27","block_type":"box","text":"Bought EUR, Sold GBP 35,156 for settlement on","page_number":63,"box":{"x":230,"y":273,"width":365,"height":11}},{"id":"2d833064-19cd-4e5d-82ce-367ad58fcd05","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"2c8b2ef3-8517-4ffb-9c5e-670525b05843","block_type":"box","text":"(294)","page_number":63,"box":{"x":762,"y":287,"width":38,"height":11}},{"id":"69054eb5-ac81-4773-a9cf-bcfce8d4ddb9","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"0e5cecee-ccbc-40c7-acc2-73f1271caee6","block_type":"box","text":"EUR 4","page_number":63,"box":{"x":148,"y":303,"width":47,"height":8}},{"id":"89f1bf26-47e8-4b72-9a79-d787a1519430","block_type":"box","text":"Bought EUR, Sold GBP 3 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":302,"width":407,"height":12}},{"id":"ec585d5e-53f1-487c-9e83-e25f6049fbbf","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":308,"width":9,"height":0}},{"id":"356d02f9-8d2c-4134-9413-c2c4e9bb03b3","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"c92de6f3-ccb1-4d24-9bc2-e031957516dc","block_type":"box","text":"AUD 4","page_number":63,"box":{"x":146,"y":318,"width":49,"height":9}},{"id":"e7b14d64-9e12-486d-8db1-b6c0eaa6e7c5","block_type":"box","text":"Bought AUD, Sold GBP 2 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":318,"width":406,"height":11}},{"id":"63032d23-56d8-4ddf-9270-5e2322afc4a2","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":323,"width":9,"height":1}},{"id":"fb2d9f02-d026-4251-ae32-f74a29cb94a8","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"57f30f9b-13c5-459f-a170-995d0a0bcb31","block_type":"box","text":"AUD 7,622","page_number":63,"box":{"x":113,"y":333,"width":82,"height":10}},{"id":"b0e28f6c-c682-4777-ac7a-3f63bfc38cd8","block_type":"box","text":"Bought AUD, Sold GBP 4,001 for settlement on","page_number":63,"box":{"x":230,"y":333,"width":355,"height":11}},{"id":"93c2e6c2-061b-4d57-9b30-7fe25df8e4ce","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":347,"width":83,"height":9}},{"id":"d4096c0f-d08c-4628-a5bf-0063928b2212","block_type":"box","text":"(45)","page_number":63,"box":{"x":771,"y":347,"width":29,"height":12}},{"id":"e32b3b41-b5ac-4047-b85f-76fc7290d15f","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":353,"width":9,"height":0}},{"id":"44da29c2-281d-41c5-86d1-14a31dd360af","block_type":"box","text":"JPY 471","page_number":63,"box":{"x":133,"y":363,"width":60,"height":9}},{"id":"2018d230-16e3-42a2-9d7e-7b98a09f1795","block_type":"box","text":"Bought JPY, Sold GBP 2 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":363,"width":400,"height":11}},{"id":"144c0bed-abaa-47e9-919e-2dff77098820","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":368,"width":9,"height":1}},{"id":"691d2a3b-7fac-47d6-bb57-f0378b02ed65","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"355b754d-334c-40d0-a6f2-079f20a2bf71","block_type":"box","text":"SGD 3,826","page_number":63,"box":{"x":113,"y":378,"width":82,"height":10}},{"id":"cb82aea9-315f-4f56-b5f9-462c12ef14f9","block_type":"box","text":"Bought SGD, Sold GBP 2,222 for settlement on","page_number":63,"box":{"x":230,"y":378,"width":357,"height":11}},{"id":"a2c931ab-8194-481b-b834-c46414036c17","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":392,"width":83,"height":9}},{"id":"cb1eb250-6006-48ee-bb98-91f1b16f0912","block_type":"box","text":"(2)","page_number":63,"box":{"x":781,"y":392,"width":19,"height":12}},{"id":"cc65b772-3836-4c5b-a455-76afeddc6bf0","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"3f3cd739-d9c7-4be3-acbb-70b9b36eedb9","block_type":"box","text":"USD 57,883","page_number":63,"box":{"x":105,"y":408,"width":90,"height":10}},{"id":"ba49e262-60bd-47b0-9f77-8d8511fe9905","block_type":"box","text":"Bought USD, Sold GBP 43,999 for settlement on","page_number":63,"box":{"x":230,"y":408,"width":365,"height":11}},{"id":"f46ca3ee-a7ca-40fd-8516-c94499bc8721","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":422,"width":83,"height":9}},{"id":"16c6700c-ad56-466b-80d7-5c289de5a373","block_type":"box","text":"(665)","page_number":63,"box":{"x":762,"y":422,"width":38,"height":11}},{"id":"15eb4030-304d-4411-be78-6eed7e646472","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":427,"width":9,"height":1}},{"id":"a1fc6168-d4ca-42c3-8ee3-5e136898a88e","block_type":"box","text":"HKD 15,193","page_number":63,"box":{"x":105,"y":437,"width":90,"height":11}},{"id":"bb30bf49-64ba-4d52-a9aa-dfaa0a0ca45d","block_type":"box","text":"Bought HKD, Sold GBP 1,467 for settlement on","page_number":63,"box":{"x":230,"y":437,"width":356,"height":12}},{"id":"b20e43bd-68b8-4eb7-b3a9-289a3b2d8fb3","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":451,"width":83,"height":9}},{"id":"ee3f5be7-79ce-46b2-a273-f91f6de97b3b","block_type":"box","text":"(16)","page_number":63,"box":{"x":771,"y":451,"width":29,"height":12}},{"id":"2e9ed90f-7f49-4f57-a9a9-1dbeb7b159b7","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":457,"width":9,"height":1}},{"id":"abaedf75-038a-4ca1-94e4-38038ce30d71","block_type":"box","text":"SGD 1","page_number":63,"box":{"x":146,"y":467,"width":47,"height":9}},{"id":"14a05535-0708-4119-b92a-e3b911b46549","block_type":"box","text":"Bought SGD, Sold GBP – for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":467,"width":408,"height":11}},{"id":"241af9fe-65ea-436b-a2da-402e69cb0d13","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":472,"width":9,"height":1}},{"id":"1442ef60-8369-4064-9ee4-20639068394f","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"b05109ef-28c1-440e-91b3-8d4f2c189341","block_type":"box","text":"USD 53,437","page_number":63,"box":{"x":105,"y":482,"width":90,"height":11}},{"id":"7f1c4588-dbcd-450c-8759-a3de4b860a1b","block_type":"box","text":"Bought USD, Sold GBP 40,417 for settlement on","page_number":63,"box":{"x":230,"y":482,"width":365,"height":11}},{"id":"958637c1-b198-4f43-8d39-972c10931e32","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":496,"width":83,"height":9}},{"id":"e922b11e-52ce-48a2-8c2e-07c646c13255","block_type":"box","text":"(411)","page_number":63,"box":{"x":763,"y":496,"width":37,"height":12}},{"id":"3c5634b6-8bd7-45fb-b261-e8fa8586dfee","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":502,"width":9,"height":1}},{"id":"c004a345-7efa-4f3b-aca8-5c8ed1f5ca85","block_type":"box","text":"HKD 18,229","page_number":63,"box":{"x":105,"y":512,"width":90,"height":10}},{"id":"83c51ce6-5d49-4cbd-834b-b5cdee5cc688","block_type":"box","text":"Bought HKD, Sold GBP 1,769 for settlement on","page_number":63,"box":{"x":230,"y":512,"width":356,"height":11}},{"id":"ca32f09f-f97c-4561-8a97-e2df14349fa0","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":526,"width":83,"height":9}},{"id":"5228c6cf-c2ea-40d4-b402-31f09f1d859e","block_type":"box","text":"(28)","page_number":63,"box":{"x":771,"y":526,"width":29,"height":11}},{"id":"083017c9-9219-4b6c-a7c8-89202dba188f","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":531,"width":9,"height":1}},{"id":"80733a58-38dd-41d5-a77b-0c1f37a6db66","block_type":"box","text":"SGD 1","page_number":63,"box":{"x":146,"y":542,"width":47,"height":8}},{"id":"dcb9a3c3-4f03-484d-a92b-1f767be9eb2d","block_type":"box","text":"Bought SGD, Sold GBP 1 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":541,"width":408,"height":12}},{"id":"fa61ca8a-8f20-4acd-b1b8-9d8ea35b1761","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":547,"width":9,"height":1}},{"id":"db374662-9467-4e3b-957e-3e43c2004e5f","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":547,"width":9,"height":1}},{"id":"9c3d6b8c-1e8e-4065-b1b0-f000f6f96e4c","block_type":"box","text":"EUR 10","page_number":63,"box":{"x":138,"y":557,"width":57,"height":9}},{"id":"c30bcd89-5d4e-413f-a099-2e3c64a0345d","block_type":"box","text":"Bought EUR, Sold GBP 9 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":557,"width":407,"height":11}},{"id":"f33d72e3-c923-48b7-84b9-d4af55aca22b","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":562,"width":9,"height":1}},{"id":"99bc42be-ca22-4c09-9afc-0b93524f5fce","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"986caa82-4c80-4c0f-9c9a-938de62b9e12","block_type":"box","text":"EUR 14,074","page_number":63,"box":{"x":105,"y":572,"width":90,"height":11}},{"id":"f172ab73-5517-4299-8367-356cfa0e3f33","block_type":"box","text":"Bought EUR, Sold GBP 12,156 for settlement on","page_number":63,"box":{"x":230,"y":572,"width":365,"height":11}},{"id":"fb7732b0-c222-4ad7-9a56-a437426a2335","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":586,"width":83,"height":9}},{"id":"be68fb2f-e3f3-4743-ae2b-6d54855a2923","block_type":"box","text":"(93)","page_number":63,"box":{"x":771,"y":586,"width":29,"height":12}},{"id":"3aae0466-7da7-42a8-9150-a7efa446c0c7","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":592,"width":9,"height":1}},{"id":"045639a1-6c4a-42ed-af46-9f86145fbbb7","block_type":"box","text":"AUD 10,353","page_number":63,"box":{"x":104,"y":602,"width":91,"height":10}},{"id":"b0992c27-6a80-4f76-a483-78103ffc7613","block_type":"box","text":"Bought AUD, Sold GBP 5,408 for settlement on","page_number":63,"box":{"x":230,"y":602,"width":355,"height":11}},{"id":"062eb711-4ee6-4622-8037-24557726e737","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":616,"width":83,"height":9}},{"id":"091ab641-8112-4a89-8d8c-4c0917d3d0e7","block_type":"box","text":"(34)","page_number":63,"box":{"x":771,"y":616,"width":29,"height":11}},{"id":"0f35ac19-0f5a-4ff6-b8f7-18181485bc00","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":621,"width":9,"height":1}},{"id":"2a9239ef-c79c-491c-a71b-da4e6abce777","block_type":"box","text":"SEK 0","page_number":63,"box":{"x":149,"y":631,"width":46,"height":9}},{"id":"95962517-838b-41bc-a886-acf7af435089","block_type":"box","text":"Bought SEK, Sold GBP – for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":631,"width":405,"height":12}},{"id":"49956599-0ce8-4a6f-bb89-e33f96b0d6c8","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":637,"width":9,"height":1}},{"id":"c45a545f-28f4-4319-8007-f538c959c943","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":637,"width":9,"height":1}},{"id":"5fcd0b68-d6e2-4e55-8d2c-448827d2d760","block_type":"box","text":"AUD 3,918","page_number":63,"box":{"x":113,"y":647,"width":82,"height":10}},{"id":"ccc71d4a-06b6-4f5d-a327-9223a61f85f2","block_type":"box","text":"Bought AUD, Sold GBP 2,048 for settlement on","page_number":63,"box":{"x":230,"y":647,"width":355,"height":11}},{"id":"1de4302a-98a2-4b3c-8818-97778cf3f537","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":661,"width":83,"height":9}},{"id":"aeb878df-638b-4011-9cd4-febd5a6c39ca","block_type":"box","text":"(14)","page_number":63,"box":{"x":771,"y":661,"width":29,"height":11}},{"id":"b545ab3d-ab71-4d15-9867-1d83118bb9ba","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":666,"width":9,"height":1}},{"id":"40c200cc-28a1-4234-8f88-6a81872f77a8","block_type":"box","text":"SGD 2,568","page_number":63,"box":{"x":113,"y":676,"width":82,"height":11}},{"id":"8fd3b144-c5ea-4c84-afd1-8d2db53053c8","block_type":"box","text":"Bought SGD, Sold GBP 1,505 for settlement on","page_number":63,"box":{"x":230,"y":676,"width":357,"height":12}},{"id":"c08bd5c3-c378-425d-958b-973424798635","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":691,"width":83,"height":9}},{"id":"f8abdc74-355a-40a3-8f31-0dd1be483072","block_type":"box","text":"(15)","page_number":63,"box":{"x":771,"y":691,"width":29,"height":11}},{"id":"b1754632-ae1d-4b80-8536-0da4a2acc1d1","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":696,"width":9,"height":1}},{"id":"d0b5672a-62d8-43c4-bb17-737906ccdd2b","block_type":"box","text":"SGD 3,021","page_number":63,"box":{"x":113,"y":706,"width":80,"height":10}},{"id":"4f6078b5-9033-4905-a605-d339158bafdd","block_type":"box","text":"Bought SGD, Sold GBP 1,770 for settlement on","page_number":63,"box":{"x":230,"y":706,"width":351,"height":11}},{"id":"5162b5e0-b380-460c-ad3b-0feef7c255e6","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":720,"width":83,"height":9}},{"id":"8ae51d2c-65b0-48b3-9ffd-4bf048530066","block_type":"box","text":"(18)","page_number":63,"box":{"x":771,"y":720,"width":29,"height":12}},{"id":"beab7302-7235-413a-9a73-286cbe5a54b8","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":726,"width":9,"height":0}},{"id":"45484fbc-42a9-44d0-9a25-636dfe8ba27c","block_type":"box","text":"HKD 7","page_number":63,"box":{"x":148,"y":736,"width":47,"height":8}},{"id":"be4e2459-fcd7-4e66-8a9d-4ae5f07cf1af","block_type":"box","text":"Bought HKD, Sold GBP 1 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":736,"width":407,"height":11}},{"id":"c9837db3-385e-40c1-9a23-a994a775e65d","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":741,"width":9,"height":1}},{"id":"5d0350c7-e9d4-4586-b4e2-d475ae56314d","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":741,"width":9,"height":1}},{"id":"55991b21-f9ab-4710-8db2-3865c6b7e298","block_type":"box","text":"USD 15","page_number":63,"box":{"x":138,"y":751,"width":57,"height":9}},{"id":"b1266a15-b179-48bd-93b8-b6040d866790","block_type":"box","text":"Bought USD, Sold GBP 11 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":751,"width":415,"height":11}},{"id":"492a8b0a-0ed6-45dd-8e51-bfb8fb314dd3","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":756,"width":9,"height":1}},{"id":"20540265-6351-4d48-964f-91827be7540c","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":756,"width":9,"height":1}},{"id":"e6e4aff7-724b-43a6-ac20-03e49f901366","block_type":"box","text":"EUR 8,683","page_number":63,"box":{"x":115,"y":766,"width":80,"height":11}},{"id":"8eacdba7-b077-4f57-96b7-3a003437b0a3","block_type":"box","text":"Bought EUR, Sold GBP 7,512 for settlement on","page_number":63,"box":{"x":230,"y":766,"width":350,"height":12}},{"id":"0bee17f6-9318-4d77-a8b6-430683b99498","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":781,"width":83,"height":9}},{"id":"14452ec9-d833-4afb-8591-43d044f14eaf","block_type":"box","text":"(70)","page_number":63,"box":{"x":771,"y":781,"width":29,"height":11}},{"id":"fff2aab2-b613-4820-b197-a9c35c7724e5","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":786,"width":9,"height":1}},{"id":"b5f1489b-6e49-4a8a-b6c7-8c28230528ad","block_type":"box","text":"HKD 5","page_number":63,"box":{"x":148,"y":796,"width":47,"height":9}},{"id":"e41576b0-42bf-436d-8c7d-d0cd41da61a7","block_type":"box","text":"Bought HKD, Sold GBP – for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":796,"width":407,"height":11}},{"id":"6819b5ec-aa18-4d80-8cfa-ee6f4b6ffd6b","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":801,"width":9,"height":1}},{"id":"5a392425-9680-4bac-9c66-46542819fade","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":801,"width":9,"height":1}},{"id":"14675355-d14f-4a69-9182-b5fa0094fd9d","block_type":"box","text":"HKD 6","page_number":63,"box":{"x":148,"y":811,"width":47,"height":9}},{"id":"b337fe06-92f1-43d9-a573-133566753d54","block_type":"box","text":"Bought HKD, Sold GBP 1 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":811,"width":407,"height":12}},{"id":"0bfb131f-5b80-4671-a38e-0e6f0e523587","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":817,"width":9,"height":0}},{"id":"78ce3940-e311-415e-b39f-82b884324487","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":817,"width":9,"height":0}},{"id":"3aed8907-cd80-47be-bb0c-332c69206071","block_type":"box","text":"AUD 15,268","page_number":63,"box":{"x":104,"y":827,"width":91,"height":10}},{"id":"cdb89a85-f8aa-42a9-8af1-7bab3befbfda","block_type":"box","text":"Bought AUD, Sold GBP 8,066 for settlement on","page_number":63,"box":{"x":230,"y":827,"width":349,"height":11}},{"id":"df930905-3b73-4163-885c-f0354a17fd14","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":841,"width":83,"height":9}},{"id":"2934767f-673d-4e80-9306-5245cd99bc37","block_type":"box","text":"(141)","page_number":63,"box":{"x":762,"y":841,"width":38,"height":11}},{"id":"8c237e0e-c5f4-4383-a46d-2d863b890d59","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":846,"width":9,"height":1}},{"id":"81af1d59-c693-44f2-8d0a-64de0b84918a","block_type":"box","text":"JPY 1,853,495","page_number":63,"box":{"x":86,"y":856,"width":109,"height":11}},{"id":"9198259b-2502-44dc-92be-14ce03d2aad4","block_type":"box","text":"Bought JPY, Sold GBP 8,691 for settlement on","page_number":63,"box":{"x":230,"y":856,"width":349,"height":12}},{"id":"bae3646a-6641-4be8-9b22-f501b6e778f9","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":871,"width":83,"height":9}},{"id":"b7d6f982-96b3-4513-b851-a4f967ce6bec","block_type":"box","text":"(78)","page_number":63,"box":{"x":771,"y":871,"width":29,"height":11}},{"id":"898a8e68-529f-4c18-9304-68416bbd8697","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":876,"width":9,"height":1}},{"id":"c686fbc9-a560-4b16-817d-bf83a9d5b694","block_type":"box","text":"AUD 2","page_number":63,"box":{"x":146,"y":886,"width":49,"height":9}},{"id":"5ac69334-fc25-4cb7-b4ee-cf3fbc4db4ed","block_type":"box","text":"Bought AUD, Sold GBP 1 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":886,"width":406,"height":11}},{"id":"7300fc54-c189-4eae-bf94-d2f9109c6917","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":891,"width":9,"height":1}},{"id":"3397a286-2acc-4deb-b5ce-d1be08e93931","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":891,"width":9,"height":1}},{"id":"1e028bae-fb00-4b04-9fe7-77f62a4cf0dd","block_type":"box","text":"AUD 3","page_number":63,"box":{"x":146,"y":901,"width":49,"height":9}},{"id":"1cb6a431-dd6c-43b5-92ae-c4e6165453e7","block_type":"box","text":"Bought AUD, Sold GBP 1 for settlement on 24/07/2026","page_number":63,"box":{"x":230,"y":901,"width":406,"height":12}},{"id":"bae9794f-c2fe-4368-8a46-f6a65e49658f","block_type":"box","text":"–","page_number":63,"box":{"x":791,"y":907,"width":9,"height":0}},{"id":"8a3b5490-ec2f-4278-99a5-4433749c0cd0","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":907,"width":9,"height":0}},{"id":"d80a4b9a-c284-4d28-8bfc-4cee897d15ec","block_type":"box","text":"HKD 84,520","page_number":63,"box":{"x":105,"y":917,"width":90,"height":10}},{"id":"56aa3256-f454-4a60-8f76-b4c6fd27ff71","block_type":"box","text":"Bought HKD, Sold GBP 8,162 for settlement on","page_number":63,"box":{"x":230,"y":917,"width":350,"height":11}},{"id":"1e34d8d2-2f10-48a8-beb0-2f894bd37ec1","block_type":"box","text":"24/07/2026","page_number":63,"box":{"x":229,"y":931,"width":83,"height":9}},{"id":"ceaa51b5-1e05-4d3d-8682-be3afb401bac","block_type":"box","text":"(91)","page_number":63,"box":{"x":771,"y":931,"width":29,"height":11}},{"id":"eeb24ab6-7aee-4006-8e4d-bea9624ce887","block_type":"box","text":"–","page_number":63,"box":{"x":948,"y":936,"width":9,"height":1}},{"id":"0113f245-2ae5-4441-a395-119636d56625","block_type":"box","text":"63","page_number":64,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"ae6703b1-ac35-460d-979d-50ce488a0dda","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":64,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"e730327f-b2f1-4ad0-b073-4e1ffd61acd8","block_type":"box","text":"Portfolio Statement (continued)","page_number":64,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"e497a1e7-c387-402f-98c3-54ece0d0fa12","block_type":"box","text":"Holding","page_number":64,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"1fef7907-8151-4427-9d46-861ef2b14645","block_type":"box","text":"Investment","page_number":64,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"f89ad204-bc46-4ff5-9965-34d45eafab5b","block_type":"box","text":"Market","page_number":64,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"6fe3840b-95c6-4f0a-9555-56ac74404ce5","block_type":"box","text":"Value","page_number":64,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"c3e311ba-ba9f-4f9e-bd43-432ef97b0f1a","block_type":"box","text":"£","page_number":64,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"edc880ce-956c-4c56-bc71-f89093da1e77","block_type":"box","text":"% of","page_number":64,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"845b2f3a-744d-4344-ab94-acfa3abbeb5a","block_type":"box","text":"Net Assets","page_number":64,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"b70b017a-70b0-4e61-bc9c-45c2f246760b","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":64,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"acc0c8b7-84ce-40a5-8698-a8199fa6a09b","block_type":"box","text":"HKD 24,012","page_number":64,"box":{"x":105,"y":183,"width":90,"height":10}},{"id":"ef37257d-d4a5-4f16-b474-60b3c5621df1","block_type":"box","text":"Bought HKD, Sold GBP 2,311 for settlement on","page_number":64,"box":{"x":230,"y":183,"width":355,"height":11}},{"id":"db5b9e78-7258-4fb8-8ef5-10f8039e52fc","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"e2147fc2-fe0d-48fc-885b-23de5027afda","block_type":"box","text":"(18)","page_number":64,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"6b41fa04-2e58-4471-96d5-52304035b974","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"163a47a2-5fb0-49ce-8d5b-b9c6e70b7ffa","block_type":"box","text":"SEK 491","page_number":64,"box":{"x":130,"y":212,"width":63,"height":9}},{"id":"479b1b9a-7a0a-469d-ad9d-8689b1fb75fe","block_type":"box","text":"Bought SEK, Sold GBP 39 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":212,"width":414,"height":12}},{"id":"fea46b85-96c3-4b43-97c3-4abe081116de","block_type":"box","text":"(1)","page_number":64,"box":{"x":781,"y":212,"width":19,"height":12}},{"id":"e5cfac7d-0052-4cd0-b06d-2e21c5f13764","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"970866b4-5abc-4166-ab97-d84e1cd32dff","block_type":"box","text":"JPY 998,969","page_number":64,"box":{"x":100,"y":228,"width":95,"height":10}},{"id":"89728baf-52b8-4847-8f50-5efebc857607","block_type":"box","text":"Bought JPY, Sold GBP 4,684 for settlement on","page_number":64,"box":{"x":230,"y":228,"width":349,"height":11}},{"id":"943122a4-9b87-447c-93b5-d0810a74c6b8","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"d50ec569-f4d4-4cd9-87f0-ed52b1486903","block_type":"box","text":"(42)","page_number":64,"box":{"x":771,"y":242,"width":29,"height":11}},{"id":"9065d014-c9ba-478d-9bbe-ba9a8d251261","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"0fbce715-80a8-4478-b8ae-392435bb6a7a","block_type":"box","text":"HKD 21","page_number":64,"box":{"x":138,"y":257,"width":55,"height":9}},{"id":"c3fb2a06-b08e-4334-8351-da59d3e31e3a","block_type":"box","text":"Bought HKD, Sold GBP 2 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":257,"width":407,"height":12}},{"id":"d702e6f3-3b07-474c-a917-88e9c75da172","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"7a341a56-0049-4f7c-837b-28f5124adde6","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"743de196-da65-4ef2-ae96-7a4e221d76a9","block_type":"box","text":"HKD 24,739","page_number":64,"box":{"x":105,"y":273,"width":90,"height":10}},{"id":"4fa88c5b-ceb5-4df0-af17-2cdadadc52f7","block_type":"box","text":"Bought HKD, Sold GBP 2,394 for settlement on","page_number":64,"box":{"x":230,"y":273,"width":356,"height":11}},{"id":"75abc4a9-17a9-4e7f-8c43-cef06ca91b31","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"06148d30-6439-4691-8932-e57ed345be52","block_type":"box","text":"(31)","page_number":64,"box":{"x":771,"y":287,"width":29,"height":11}},{"id":"58e6ce87-8f24-44bf-8af5-4cc6dbe6a4e7","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"3182373c-9d8c-4a89-9f0b-9b2afcd6caa7","block_type":"box","text":"HKD (5)","page_number":64,"box":{"x":136,"y":302,"width":59,"height":12}},{"id":"7762946b-138c-408a-9899-414841e9a481","block_type":"box","text":"Sold HKD, Bought GBP – for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":302,"width":407,"height":12}},{"id":"cf854ef7-a424-4f21-99d7-0b41afca089b","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":308,"width":9,"height":0}},{"id":"6f02cd60-12a9-4f57-b862-59a8dd355881","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"1acc37c2-3950-4d4e-9245-7bae67f3b2ed","block_type":"box","text":"HKD (614,910)","page_number":64,"box":{"x":85,"y":318,"width":110,"height":11}},{"id":"0cdf663c-63f9-4b19-87cc-10e57737b884","block_type":"box","text":"Sold HKD, Bought GBP 59,415 for settlement on","page_number":64,"box":{"x":230,"y":318,"width":365,"height":11}},{"id":"ae91b298-3714-4b3d-b0a4-38c249113857","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":332,"width":83,"height":9}},{"id":"0e0c1375-f536-4cce-b332-66593e3c8cf7","block_type":"box","text":"695","page_number":64,"box":{"x":773,"y":332,"width":26,"height":9}},{"id":"393cb72b-f526-49ea-9146-84a4b5101676","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"65bdc9e9-0185-435a-9e9c-9a8153e5662b","block_type":"box","text":"HKD (156)","page_number":64,"box":{"x":118,"y":347,"width":77,"height":12}},{"id":"053e196b-e752-45b7-bcd4-061a6a7385d4","block_type":"box","text":"Sold HKD, Bought GBP 15 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":347,"width":416,"height":12}},{"id":"10706de0-ecca-43b9-b42b-bf7e0f9febf2","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":353,"width":9,"height":0}},{"id":"904cb3c8-83fc-40e5-8a40-8f2fe9ce64dd","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":353,"width":9,"height":0}},{"id":"00e4e012-df61-412e-af42-9c18487cf4dd","block_type":"box","text":"HKD (15,030)","page_number":64,"box":{"x":94,"y":363,"width":101,"height":11}},{"id":"cddb0df3-e30c-49dd-a498-7a5a971df92f","block_type":"box","text":"Sold HKD, Bought GBP 1,451 for settlement on","page_number":64,"box":{"x":230,"y":363,"width":356,"height":11}},{"id":"9d97abb5-5558-4375-a498-8bacdd35cba3","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":377,"width":83,"height":9}},{"id":"6b6e7c92-b9ac-47c7-a4dd-e4ee8a104e7f","block_type":"box","text":"16","page_number":64,"box":{"x":783,"y":377,"width":16,"height":9}},{"id":"a0fe8119-a2b6-407f-af50-2845ab299a66","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":382,"width":9,"height":1}},{"id":"8ac2399d-2004-47ae-a57b-f919b124d180","block_type":"box","text":"HKD (20,070)","page_number":64,"box":{"x":94,"y":392,"width":101,"height":12}},{"id":"fcc19477-6e4c-4dcb-b935-92f7c65dc434","block_type":"box","text":"Sold HKD, Bought GBP 1,938 for settlement on","page_number":64,"box":{"x":230,"y":392,"width":356,"height":12}},{"id":"f57cd5b7-f2bf-4291-8faf-ea03036b32ab","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":407,"width":83,"height":8}},{"id":"ba3a97ae-f157-410b-89e5-6b168c2fe936","block_type":"box","text":"22","page_number":64,"box":{"x":782,"y":407,"width":17,"height":8}},{"id":"a4fc876a-bbca-49ad-b6ba-889326746d22","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":412,"width":9,"height":1}},{"id":"be8672a8-f198-4e19-9223-e9a622894c1a","block_type":"box","text":"HKD (5)","page_number":64,"box":{"x":136,"y":422,"width":59,"height":11}},{"id":"4f803845-4922-4cc5-9744-3e3649a2081c","block_type":"box","text":"Sold HKD, Bought GBP – for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":422,"width":407,"height":11}},{"id":"3d8d78fc-058a-4f16-8dc8-e0caf11ac889","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":427,"width":9,"height":1}},{"id":"2fa43435-3835-42c5-b67f-bee577f8a82a","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":427,"width":9,"height":1}},{"id":"336a8f4d-25ae-4b25-9408-2eb714f5ce6a","block_type":"box","text":"HKD (234,880)","page_number":64,"box":{"x":85,"y":437,"width":110,"height":12}},{"id":"ca7e0ba3-daec-421a-bcc9-1fe9a6a1a2fd","block_type":"box","text":"Sold HKD, Bought GBP 22,629 for settlement on","page_number":64,"box":{"x":230,"y":437,"width":365,"height":12}},{"id":"2a6a37ce-07ec-46b1-96f9-3ba1638b60cc","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":451,"width":83,"height":9}},{"id":"8bab03ab-dff9-474d-93ee-f16666a00ab8","block_type":"box","text":"200","page_number":64,"box":{"x":773,"y":452,"width":26,"height":8}},{"id":"cabaa16e-6c48-4e6d-bb17-2d139dafe3ba","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":457,"width":9,"height":1}},{"id":"f4f5adfd-a0ef-45bb-b6b4-3795a3ded846","block_type":"box","text":"HKD (60)","page_number":64,"box":{"x":127,"y":467,"width":68,"height":11}},{"id":"9a2e3057-4837-4f99-96ef-3759ca1f37a8","block_type":"box","text":"Sold HKD, Bought GBP 6 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":467,"width":407,"height":11}},{"id":"72590971-ba6e-45e1-ab33-ae039b87483a","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":472,"width":9,"height":1}},{"id":"d50ff4ab-3bc3-407e-b6f6-6d37318c80fd","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"136ebb29-04c1-4802-b782-d22cd4860cba","block_type":"box","text":"HKD (17,946)","page_number":64,"box":{"x":94,"y":482,"width":101,"height":11}},{"id":"da9c33dd-324c-4d93-811e-6b49c34e4111","block_type":"box","text":"Sold HKD, Bought GBP 1,725 for settlement on","page_number":64,"box":{"x":230,"y":482,"width":356,"height":11}},{"id":"d9fca896-2253-48f4-96ac-efcca171125a","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":496,"width":83,"height":9}},{"id":"737abbcf-7258-4ed3-afbd-dfefbe6e5c0d","block_type":"box","text":"11","page_number":64,"box":{"x":785,"y":497,"width":12,"height":8}},{"id":"ce1770f9-14c8-495d-9a03-2679d465f2ed","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":502,"width":9,"height":1}},{"id":"dcb68eea-2672-4fc1-b07c-0535d36eb982","block_type":"box","text":"JPY (55,059,628)","page_number":64,"box":{"x":66,"y":512,"width":129,"height":11}},{"id":"a841e095-bda7-46c3-8531-f6e497a41d0e","block_type":"box","text":"Sold JPY, Bought GBP 258,747 for settlement on","page_number":64,"box":{"x":230,"y":512,"width":368,"height":11}},{"id":"8ddc8f84-a9b3-4acc-bdf3-c88dd93e3b3d","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":526,"width":83,"height":9}},{"id":"358bddb6-0d02-40a1-abce-5d60a57df28c","block_type":"box","text":"2,913","page_number":64,"box":{"x":759,"y":526,"width":40,"height":11}},{"id":"30e57843-6c33-4df2-828b-f9cfa9c57c98","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":531,"width":9,"height":1}},{"id":"4b4113e8-3f88-4acf-9e32-e9a1e44020ff","block_type":"box","text":"JPY (1,124,049)","page_number":64,"box":{"x":75,"y":541,"width":120,"height":12}},{"id":"79db5644-641c-49eb-91e6-25f107aa326e","block_type":"box","text":"Sold JPY, Bought GBP 5,244 for settlement on","page_number":64,"box":{"x":230,"y":541,"width":349,"height":12}},{"id":"6a2fc20c-2b63-41a5-a5ce-879508984366","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":556,"width":83,"height":9}},{"id":"d2b57beb-f8cf-4188-9bde-4d976427d1e8","block_type":"box","text":"21","page_number":64,"box":{"x":782,"y":556,"width":15,"height":8}},{"id":"fa15969a-c1e7-4ea3-bb97-7e9ea6fa7236","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":561,"width":9,"height":1}},{"id":"f5e74b1a-b737-4b93-bd5b-84075ed400c9","block_type":"box","text":"JPY (13,968)","page_number":64,"box":{"x":98,"y":571,"width":97,"height":11}},{"id":"64222fed-7776-4155-ad68-a1d01d0828b8","block_type":"box","text":"Sold JPY, Bought GBP 66 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":571,"width":409,"height":11}},{"id":"f0926efa-55b8-4e8a-a5e0-7fb20e2f8ddf","block_type":"box","text":"1","page_number":64,"box":{"x":793,"y":571,"width":4,"height":9}},{"id":"243abd57-02ba-41e1-a0ed-1fc5610342c5","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":576,"width":9,"height":1}},{"id":"986b6240-5ecb-4edc-8eb6-e593494074a0","block_type":"box","text":"SEK (491)","page_number":64,"box":{"x":119,"y":586,"width":76,"height":12}},{"id":"ed6f5e16-7c55-4216-9d68-48e73c202f6d","block_type":"box","text":"Sold SEK, Bought GBP 39 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":586,"width":414,"height":12}},{"id":"4b35619c-38a1-4aec-8235-a61ebdf2a9a4","block_type":"box","text":"1","page_number":64,"box":{"x":793,"y":587,"width":4,"height":8}},{"id":"e0d1991b-88a1-406a-a7ed-18b6920cc075","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":592,"width":9,"height":1}},{"id":"f955ed74-d766-4e64-b4b5-7f26252739ec","block_type":"box","text":"SEK 0","page_number":64,"box":{"x":149,"y":602,"width":46,"height":9}},{"id":"5d6109c8-bceb-4cba-a50c-58542a562b5c","block_type":"box","text":"Sold SEK, Bought GBP – for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":602,"width":405,"height":11}},{"id":"f012d7fe-a95b-45ad-884e-a1b87e9ddfd5","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":607,"width":9,"height":1}},{"id":"d877d1e8-8623-4552-a6ec-7febc23db198","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":607,"width":9,"height":1}},{"id":"016be281-ab51-4526-8930-cadd8f4227ec","block_type":"box","text":"SGD (5,050)","page_number":64,"box":{"x":102,"y":617,"width":93,"height":11}},{"id":"e21633e7-3761-4875-8e3f-72a261081738","block_type":"box","text":"Sold SGD, Bought GBP 2,930 for settlement on","page_number":64,"box":{"x":230,"y":617,"width":357,"height":11}},{"id":"2322e32c-8438-4a70-8f8a-0e102a089ed9","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":631,"width":83,"height":9}},{"id":"f1f23a9a-66f0-4e1c-84f4-205d58907470","block_type":"box","text":"(4)","page_number":64,"box":{"x":781,"y":631,"width":19,"height":12}},{"id":"66da3286-300c-408b-ad33-a86d9f89b202","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":637,"width":9,"height":1}},{"id":"b507da01-d02a-4d44-9e1e-eee13664a325","block_type":"box","text":"SGD (1)","page_number":64,"box":{"x":135,"y":647,"width":60,"height":11}},{"id":"d13b5f0f-855b-4b62-a58d-4c3d0ea8997e","block_type":"box","text":"Sold SGD, Bought GBP 1 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":647,"width":408,"height":11}},{"id":"ee517dea-c50e-4e67-bdb6-7cc454cb6e9f","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":652,"width":9,"height":1}},{"id":"384053d6-4eef-4b20-b8a8-016c52745ce1","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":652,"width":9,"height":1}},{"id":"dfeb238c-8c07-4995-bd2e-cb76a3f0ad26","block_type":"box","text":"SGD (34)","page_number":64,"box":{"x":125,"y":662,"width":70,"height":11}},{"id":"c873a61e-7ac9-4686-94e6-a00bd3ae6456","block_type":"box","text":"Sold SGD, Bought GBP 20 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":662,"width":417,"height":11}},{"id":"37e3a569-d333-4615-85b1-613e36a8d47f","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":667,"width":9,"height":1}},{"id":"273dda09-0229-49cb-9478-d066a54e5830","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":667,"width":9,"height":1}},{"id":"a3cff1ed-3992-40f2-8cf2-bf1499c6db2b","block_type":"box","text":"SGD (2,887)","page_number":64,"box":{"x":102,"y":678,"width":93,"height":11}},{"id":"f8ea82e1-47da-4b39-b09c-e392fe7743cf","block_type":"box","text":"Sold SGD, Bought GBP 1,689 for settlement on","page_number":64,"box":{"x":230,"y":678,"width":357,"height":11}},{"id":"795f2d0f-ec9e-4c44-88d0-19954cab871d","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":692,"width":83,"height":9}},{"id":"375c87f5-ac91-43ae-890b-a8d42312f5c0","block_type":"box","text":"13","page_number":64,"box":{"x":783,"y":692,"width":16,"height":9}},{"id":"5518c104-0e6e-41fe-9a6b-b5c8ee3c86d1","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":697,"width":9,"height":1}},{"id":"7acc0cad-32c0-4315-83bb-96f9eee6aa21","block_type":"box","text":"SGD (1)","page_number":64,"box":{"x":135,"y":707,"width":60,"height":11}},{"id":"61f4fbe4-2359-43dc-b5b0-b880af111c15","block_type":"box","text":"Sold SGD, Bought GBP 1 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":707,"width":408,"height":11}},{"id":"26724923-5746-4960-a86d-cac688356ebd","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":712,"width":9,"height":1}},{"id":"efd7d777-7476-4edb-ad4d-0499eb423c54","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":712,"width":9,"height":1}},{"id":"81a505c8-1c19-4ff2-a85e-0d9dd2d86555","block_type":"box","text":"SGD (4,881)","page_number":64,"box":{"x":102,"y":722,"width":93,"height":12}},{"id":"cae5d967-9676-4a73-8d54-0c86752480de","block_type":"box","text":"Sold SGD, Bought GBP 2,847 for settlement on","page_number":64,"box":{"x":230,"y":722,"width":351,"height":12}},{"id":"2bcb90e6-d297-40b3-960e-447baf0932d6","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":737,"width":83,"height":9}},{"id":"ad3e7738-6e35-42d4-a891-ab3ab0a76203","block_type":"box","text":"15","page_number":64,"box":{"x":783,"y":737,"width":16,"height":9}},{"id":"b25b2b98-58f9-49a5-99fe-fabb899b0cbc","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":742,"width":9,"height":1}},{"id":"47d4225e-503e-41e7-99c6-0dede07359b2","block_type":"box","text":"SGD (1)","page_number":64,"box":{"x":135,"y":752,"width":60,"height":11}},{"id":"067a2e61-f603-44f1-bc11-120757c73470","block_type":"box","text":"Sold SGD, Bought GBP 1 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":752,"width":408,"height":11}},{"id":"12a1ef9e-64db-40b5-badd-d435c60b0427","block_type":"box","text":"–","page_number":64,"box":{"x":791,"y":757,"width":9,"height":1}},{"id":"d3ba5ccf-132d-4eb4-b4c0-f0e5f8532af3","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":757,"width":9,"height":1}},{"id":"86d34063-6a45-4dd0-b55b-1bd8939542b6","block_type":"box","text":"SGD (4,453)","page_number":64,"box":{"x":102,"y":767,"width":93,"height":12}},{"id":"c83edf75-acae-48b7-9c95-7d62e134bea7","block_type":"box","text":"Sold SGD, Bought GBP 2,605 for settlement on","page_number":64,"box":{"x":230,"y":767,"width":351,"height":12}},{"id":"0dd2aa9c-3654-47a7-88f0-948fa7a0f59a","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":782,"width":83,"height":9}},{"id":"66d07028-6fe0-43f2-8d59-7b754b257409","block_type":"box","text":"22","page_number":64,"box":{"x":782,"y":782,"width":17,"height":9}},{"id":"c2071677-2a9e-4a44-b866-8fe8aabcd768","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":787,"width":9,"height":1}},{"id":"46f5be81-6fbb-4299-b8d0-a86f9a93e2eb","block_type":"box","text":"SGD (133,437)","page_number":64,"box":{"x":83,"y":797,"width":112,"height":11}},{"id":"9726ff7a-7245-4ad3-80c5-e1a335641908","block_type":"box","text":"Sold SGD, Bought GBP 78,253 for settlement on","page_number":64,"box":{"x":230,"y":797,"width":361,"height":11}},{"id":"2fef7cba-4358-4fc2-83b3-955768c8d467","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":811,"width":83,"height":9}},{"id":"f40ca2ed-7537-4a4c-a24d-4d5526ac3059","block_type":"box","text":"833","page_number":64,"box":{"x":773,"y":811,"width":26,"height":9}},{"id":"019f59b3-521a-4493-87de-704e6b789017","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":817,"width":9,"height":0}},{"id":"abdf8eba-ed13-43fc-a5c9-0c8e7b0c1cfb","block_type":"box","text":"USD (2,957,194)","page_number":64,"box":{"x":71,"y":827,"width":124,"height":11}},{"id":"2442f0f0-5080-41a8-b7cc-367077a9c2d3","block_type":"box","text":"Sold USD, Bought GBP 2,237,238 for settlement on","page_number":64,"box":{"x":230,"y":827,"width":383,"height":11}},{"id":"4f532d70-3a31-4ff7-a60e-315a540d136c","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":841,"width":83,"height":9}},{"id":"6ca72f19-7fbe-4d00-baa4-be2adafae069","block_type":"box","text":"23,343","page_number":64,"box":{"x":749,"y":841,"width":50,"height":10}},{"id":"46c4302a-ea6a-483e-ad2b-bcd7f6f0c22f","block_type":"box","text":"0.02","page_number":64,"box":{"x":925,"y":841,"width":31,"height":9}},{"id":"69efaea5-405f-4747-a677-a97e239fd53e","block_type":"box","text":"USD (750)","page_number":64,"box":{"x":118,"y":856,"width":77,"height":12}},{"id":"a300157e-4427-4304-83bd-7d63d29f89df","block_type":"box","text":"Sold USD, Bought GBP 567 for settlement on 24/07/2026","page_number":64,"box":{"x":230,"y":856,"width":425,"height":12}},{"id":"b2ea2d99-5c79-4df8-bd74-61f038f4d3d7","block_type":"box","text":"6","page_number":64,"box":{"x":791,"y":857,"width":8,"height":8}},{"id":"d1be95bd-1596-406a-8e82-29f50e3292d2","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":862,"width":9,"height":0}},{"id":"4d507156-7f75-4df4-a4f0-ce1fcce3587c","block_type":"box","text":"USD (60,523)","page_number":64,"box":{"x":94,"y":872,"width":101,"height":11}},{"id":"648e9c55-12b5-4f09-82dd-538465520cba","block_type":"box","text":"Sold USD, Bought GBP 45,797 for settlement on","page_number":64,"box":{"x":230,"y":872,"width":365,"height":11}},{"id":"ee9498dc-137c-4cd1-a730-cfde9bf7417e","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":886,"width":83,"height":9}},{"id":"7c94b962-12d2-44ee-9bd1-d6433aef7602","block_type":"box","text":"487","page_number":64,"box":{"x":772,"y":886,"width":27,"height":9}},{"id":"622503c9-0752-4db0-b532-4060a5654662","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":891,"width":9,"height":1}},{"id":"6b60b966-4308-40fa-908a-14900f386809","block_type":"box","text":"USD (67,761)","page_number":64,"box":{"x":94,"y":901,"width":101,"height":12}},{"id":"2e41a5a0-8dcc-4671-93ae-a85b1ee409c5","block_type":"box","text":"Sold USD, Bought GBP 50,723 for settlement on","page_number":64,"box":{"x":230,"y":901,"width":365,"height":12}},{"id":"ef9cb34e-a4ca-4842-824d-0d2333eff49d","block_type":"box","text":"24/07/2026","page_number":64,"box":{"x":229,"y":916,"width":83,"height":8}},{"id":"df2f2624-6789-4242-bf27-7e9f35f5682c","block_type":"box","text":"(22)","page_number":64,"box":{"x":771,"y":916,"width":29,"height":11}},{"id":"3fa55ad1-ceb1-42d4-9468-29a5633cda43","block_type":"box","text":"–","page_number":64,"box":{"x":948,"y":921,"width":9,"height":1}},{"id":"cfecae61-f0a6-45b1-bc36-9f1e8ab28d2c","block_type":"box","text":"64","page_number":65,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"a57aa7ca-abeb-4883-ad6a-cd819b1d9981","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":65,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"da813845-1c75-4c47-aca7-23c4e823ebba","block_type":"box","text":"Portfolio Statement (continued)","page_number":65,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"1e4a5d74-c91c-47e2-8818-18a5272f8a61","block_type":"box","text":"Holding","page_number":65,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"518c3f27-a6c9-4e7f-85e4-800ff2cf30ab","block_type":"box","text":"Investment","page_number":65,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"242458b2-1530-41af-8bf3-99de86abbafc","block_type":"box","text":"Market","page_number":65,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"fbe92998-442e-4e77-ba6d-37a668266b45","block_type":"box","text":"Value","page_number":65,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"f657d6b3-0fbd-4159-b107-206ba08c9066","block_type":"box","text":"£","page_number":65,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"735c27e2-8c66-4a3c-8ac0-4086770cf4be","block_type":"box","text":"% of","page_number":65,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"522d1034-6ab6-4af7-8b0b-46d7565595f6","block_type":"box","text":"Net Assets","page_number":65,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"9c877eaf-f735-49e3-9a3c-659b26759d66","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":65,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"5e6789d9-a7b6-4b8a-a084-78b7a1e7e052","block_type":"box","text":"USD (17)","page_number":65,"box":{"x":127,"y":183,"width":68,"height":11}},{"id":"50f66828-f7bd-48de-8693-5b6795e04f03","block_type":"box","text":"Sold USD, Bought GBP 13 for settlement on 24/07/2026","page_number":65,"box":{"x":230,"y":183,"width":416,"height":11}},{"id":"cc0367ef-8a19-4e87-b2ef-6f3ca377be87","block_type":"box","text":"–","page_number":65,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"6411f8f8-8d07-4d7f-a269-91e4dc73be1b","block_type":"box","text":"–","page_number":65,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"d3039b7a-b524-4f1c-9972-71a3ed4e2327","block_type":"box","text":"34,857","page_number":65,"box":{"x":749,"y":201,"width":50,"height":10}},{"id":"92755b29-fc5a-410b-a342-9aed0e64d5f1","block_type":"box","text":"0.02","page_number":65,"box":{"x":925,"y":201,"width":31,"height":8}},{"id":"1b420feb-981e-4023-aea1-d77cb44b2b3b","block_type":"box","text":"Options","page_number":65,"box":{"x":43,"y":232,"width":61,"height":11}},{"id":"ed90ff91-8df5-4a32-9b1e-222dae706371","block_type":"box","text":"0.00% (31 December 2025 - 0.12%)","page_number":65,"box":{"x":105,"y":232,"width":277,"height":11}},{"id":"3cefc59e-4852-4690-a864-86a197b65373","block_type":"box","text":"Total Value of Investments 98.31%","page_number":65,"box":{"x":229,"y":276,"width":271,"height":9}},{"id":"dfa6f1a4-7615-4d04-b12e-c948bec5b3ab","block_type":"box","text":"(31 December 2025 - 99.01%)","page_number":65,"box":{"x":230,"y":291,"width":228,"height":11}},{"id":"5cd02eb8-f711-4eae-9ef3-3c8faed37c6e","block_type":"box","text":"144,941,501","page_number":65,"box":{"x":709,"y":291,"width":88,"height":10}},{"id":"f8cab4ca-8536-4630-a144-ef1113a860cb","block_type":"box","text":"98.31","page_number":65,"box":{"x":916,"y":291,"width":38,"height":9}},{"id":"62e23a73-6def-4264-b1ef-e16179a62300","block_type":"box","text":"Net Other Assets","page_number":65,"box":{"x":230,"y":306,"width":134,"height":9}},{"id":"58926297-1eb3-45de-9780-ebe4a93fba5f","block_type":"box","text":"2,488,686","page_number":65,"box":{"x":726,"y":306,"width":73,"height":11}},{"id":"b2defb36-7815-4ef3-ac1f-b3218dfffc01","block_type":"box","text":"1.69","page_number":65,"box":{"x":926,"y":306,"width":30,"height":9}},{"id":"e6ec4f2c-bae9-4102-be5c-a86ff1e70d4f","block_type":"box","text":"Net assets","page_number":65,"box":{"x":230,"y":324,"width":82,"height":9}},{"id":"2f8a1e0d-1d00-4beb-953c-51fd4b68062b","block_type":"box","text":"147,430,187","page_number":65,"box":{"x":708,"y":324,"width":91,"height":11}},{"id":"f49d3166-3b82-45c5-b38b-0fa047169163","block_type":"box","text":"100.00","page_number":65,"box":{"x":907,"y":324,"width":49,"height":9}},{"id":"9c5e7732-a177-457d-8e66-da5fda7ae3d3","block_type":"box","text":"All holdings are ordinary shares of stock and are listed on an official stock exchange unless otherwise stated.","page_number":65,"box":{"x":42,"y":361,"width":806,"height":12}},{"id":"923e1908-0d68-4cee-a280-2b2e895ad2e9","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":65,"box":{"x":42,"y":390,"width":416,"height":9}},{"id":"bd4125c3-a1a4-45f9-9dc4-a77faa8620ed","block_type":"box","text":"Collective Investment Schemes","page_number":65,"box":{"x":230,"y":406,"width":233,"height":8}},{"id":"7e3bdde6-ffce-4668-b436-1fbba40ece47","block_type":"box","text":"37,669,542","page_number":65,"box":{"x":717,"y":406,"width":82,"height":10}},{"id":"9fd00784-7dda-4cb9-8850-46a658ae6216","block_type":"box","text":"25.55","page_number":65,"box":{"x":916,"y":406,"width":40,"height":8}},{"id":"82d4c5d8-c874-479e-8ae9-a715c064e195","block_type":"box","text":"Equities","page_number":65,"box":{"x":230,"y":421,"width":58,"height":11}},{"id":"3ca7af8a-de68-49a9-aeb1-bdd5cd1929e8","block_type":"box","text":"107,237,102","page_number":65,"box":{"x":709,"y":421,"width":90,"height":10}},{"id":"279d7e73-9dfc-43a1-bbcc-201629412569","block_type":"box","text":"72.74","page_number":65,"box":{"x":916,"y":421,"width":40,"height":9}},{"id":"25127665-c55a-453b-8459-33865aa5f2ca","block_type":"box","text":"Forward Currency Contracts","page_number":65,"box":{"x":230,"y":436,"width":209,"height":11}},{"id":"001cd806-d664-4cdb-9397-fd59d1c1cd6c","block_type":"box","text":"34,857","page_number":65,"box":{"x":749,"y":436,"width":50,"height":11}},{"id":"77dd22e7-0066-4b46-9081-ba909d905a9d","block_type":"box","text":"0.02","page_number":65,"box":{"x":925,"y":436,"width":31,"height":9}},{"id":"44b46941-f395-4fc2-8d0d-a1f780f1069c","block_type":"box","text":"Net Other Assets","page_number":65,"box":{"x":230,"y":452,"width":125,"height":8}},{"id":"958b6bef-811c-4cdd-87f0-9091c2dede44","block_type":"box","text":"2,488,686","page_number":65,"box":{"x":726,"y":452,"width":73,"height":10}},{"id":"6bc0a890-363e-42ce-9c17-7cd2ff1e6590","block_type":"box","text":"1.69","page_number":65,"box":{"x":926,"y":452,"width":30,"height":8}},{"id":"6a6e3ef2-8b52-494e-b028-1d62d9f0982d","block_type":"box","text":"147,430,187","page_number":65,"box":{"x":708,"y":470,"width":91,"height":10}},{"id":"fa59a3e6-879d-43e8-9846-e38d0a2bea62","block_type":"box","text":"100.00","page_number":65,"box":{"x":907,"y":470,"width":49,"height":8}},{"id":"4e8da3e1-a7af-4b42-a944-8d438cad730c","block_type":"box","text":":","page_number":65,"box":{"x":42,"y":495,"width":0,"height":0}},{"id":"34188318-03c2-49f9-802e-4ed1edc5888b","block_type":"box","text":"65","page_number":66,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"b3edbe6e-5af5-48d8-bb49-341612c1ada6","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":66,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"6592198d-e8c8-41c0-a7d9-711f7a700b46","block_type":"box","text":"Statement of Total Return","page_number":66,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"8776576b-7488-4ec0-9627-993b407c5574","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":66,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"7bef7735-4438-47f0-8f99-e0cab6669443","block_type":"box","text":"03.07.2026","page_number":66,"box":{"x":638,"y":115,"width":66,"height":6}},{"id":"9cfe95a5-cf4a-417e-9e06-bdf1333f9a1b","block_type":"box","text":"1","page_number":66,"box":{"x":705,"y":112,"width":3,"height":5}},{"id":"d5f26c4c-f17b-443b-a8e1-af6bbcf917b9","block_type":"box","text":"30.06.2025","page_number":66,"box":{"x":890,"y":115,"width":67,"height":6}},{"id":"4b6b8765-185c-4def-8a03-fcf567bade04","block_type":"box","text":"£","page_number":66,"box":{"x":579,"y":130,"width":7,"height":7}},{"id":"39ad2d4c-6f35-482a-8c56-3283e661af2b","block_type":"box","text":"£","page_number":66,"box":{"x":702,"y":130,"width":8,"height":7}},{"id":"eba311c4-4c83-4bdc-b9f5-723cfac15e92","block_type":"box","text":"£","page_number":66,"box":{"x":826,"y":130,"width":7,"height":7}},{"id":"bdfc6222-dc89-4a36-aae6-251e1b850412","block_type":"box","text":"£","page_number":66,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"37dbc632-9c6c-481b-ad2b-1e31711599c1","block_type":"box","text":"Income","page_number":66,"box":{"x":43,"y":167,"width":53,"height":9}},{"id":"7356470d-de92-4c7e-8f53-80dd6f9a7675","block_type":"box","text":"Net capital gains/(losses)","page_number":66,"box":{"x":55,"y":183,"width":186,"height":11}},{"id":"d74c0cf4-dfae-4635-ad17-2b26a2f728ab","block_type":"box","text":"7,385,675","page_number":66,"box":{"x":636,"y":183,"width":73,"height":10}},{"id":"6a9084e1-8f90-439c-97fe-17eca3d87996","block_type":"box","text":"(2,572,306)","page_number":66,"box":{"x":872,"y":183,"width":85,"height":11}},{"id":"2da3c11a-1c0c-41ff-8ecd-ee1ff25105b1","block_type":"box","text":"Revenue","page_number":66,"box":{"x":55,"y":199,"width":65,"height":9}},{"id":"150a22a1-43d7-4c5d-acec-f4a3d4f0140b","block_type":"box","text":"1,004,301","page_number":66,"box":{"x":513,"y":199,"width":70,"height":10}},{"id":"16d9d970-7570-48fb-b24e-ae55c3d5e207","block_type":"box","text":"1,154,003","page_number":66,"box":{"x":761,"y":199,"width":72,"height":10}},{"id":"fd41cd4e-0d8e-48ea-834c-c6353f58f274","block_type":"box","text":"Expenses","page_number":66,"box":{"x":43,"y":215,"width":72,"height":11}},{"id":"c6fd4589-f5fe-4d97-ad74-3d13ff934440","block_type":"box","text":"(181,151)","page_number":66,"box":{"x":515,"y":215,"width":70,"height":11}},{"id":"0e38fda9-0ad3-40aa-afb2-3a11587f0f07","block_type":"box","text":"(176,526)","page_number":66,"box":{"x":763,"y":215,"width":70,"height":11}},{"id":"7e0d14a8-f854-44ad-8727-25414b8ed473","block_type":"box","text":"Interest payable and similar expenses","page_number":66,"box":{"x":43,"y":231,"width":280,"height":11}},{"id":"ffe6437d-1f89-4f31-ba26-e1c70a404762","block_type":"box","text":"(682)","page_number":66,"box":{"x":548,"y":231,"width":37,"height":11}},{"id":"e87333d2-9be0-450d-ae80-883270a436cf","block_type":"box","text":"(3,619)","page_number":66,"box":{"x":781,"y":231,"width":52,"height":11}},{"id":"1d8c8524-ca5a-4b0c-8fd9-0447e1de61b9","block_type":"box","text":"Net revenue before taxation","page_number":66,"box":{"x":43,"y":251,"width":205,"height":9}},{"id":"c55e0680-a728-4888-8161-847b7b37652a","block_type":"box","text":"822,468","page_number":66,"box":{"x":526,"y":251,"width":59,"height":11}},{"id":"ec358e06-9875-4c69-8c22-6267c38080c0","block_type":"box","text":"973,858","page_number":66,"box":{"x":773,"y":251,"width":60,"height":11}},{"id":"eb028be4-6add-41d5-8f37-f87dcd220b6a","block_type":"box","text":"Taxation","page_number":66,"box":{"x":42,"y":268,"width":61,"height":8}},{"id":"32cc9b10-d4d2-4a5d-94d5-f366c5ae9f4b","block_type":"box","text":"(58,658)","page_number":66,"box":{"x":525,"y":267,"width":60,"height":12}},{"id":"9650d2be-5cf0-4d5d-91ce-405ee0a7125a","block_type":"box","text":"(48,340)","page_number":66,"box":{"x":772,"y":267,"width":61,"height":12}},{"id":"1e3b3127-a980-41cc-92cd-c7adbd1954d1","block_type":"box","text":"Net revenue after taxation for the period","page_number":66,"box":{"x":43,"y":284,"width":317,"height":11}},{"id":"bdb4a7ad-e5c5-4635-b722-4004ac44484b","block_type":"box","text":"763,810","page_number":66,"box":{"x":650,"y":284,"width":59,"height":10}},{"id":"15ad587f-e101-4ee3-bee1-e55fec5a3b0f","block_type":"box","text":"925,518","page_number":66,"box":{"x":897,"y":284,"width":59,"height":10}},{"id":"500839bc-3195-428c-960c-9c6af7aafa03","block_type":"box","text":"Total returns before distributions","page_number":66,"box":{"x":42,"y":304,"width":263,"height":9}},{"id":"0ba4f980-0fa4-4192-9055-5b25f4f68711","block_type":"box","text":"8,149,485","page_number":66,"box":{"x":636,"y":304,"width":73,"height":10}},{"id":"44a865b6-6bb6-458b-9b9a-502bb6bdd28b","block_type":"box","text":"(1,646,788)","page_number":66,"box":{"x":872,"y":304,"width":85,"height":11}},{"id":"7aaddc15-76cb-461f-b9d8-ef0bdb7698d9","block_type":"box","text":"Distributions","page_number":66,"box":{"x":43,"y":320,"width":91,"height":9}},{"id":"23a67584-e5bf-4aba-9cde-192890f19cd9","block_type":"box","text":"(873,173)","page_number":66,"box":{"x":639,"y":320,"width":70,"height":11}},{"id":"16275787-aaeb-4b14-8cec-52ca101f24bc","block_type":"box","text":"(905,681)","page_number":66,"box":{"x":886,"y":320,"width":71,"height":11}},{"id":"a81f0e75-72dd-4ffb-9b65-13b63ecf4cc4","block_type":"box","text":"Change in net assets attributable to","page_number":66,"box":{"x":43,"y":355,"width":288,"height":11}},{"id":"cae4b0c5-f94c-432a-a292-e37a1d988b5e","block_type":"box","text":"shareholders from investment activities","page_number":66,"box":{"x":54,"y":369,"width":316,"height":9}},{"id":"f4184744-65d3-4039-afa0-f6fee7717868","block_type":"box","text":"7,276,312","page_number":66,"box":{"x":636,"y":367,"width":73,"height":11}},{"id":"c46fc782-bcca-4545-becf-f9bd28f483ba","block_type":"box","text":"(2,552,469)","page_number":66,"box":{"x":872,"y":367,"width":85,"height":11}},{"id":"b33e6d3d-26ab-4570-a497-10b83bdcc661","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":66,"box":{"x":43,"y":411,"width":620,"height":14}},{"id":"5078d27a-f627-4aea-b8fc-6d2d2cee7c0e","block_type":"box","text":"For the period ended","page_number":66,"box":{"x":43,"y":427,"width":159,"height":11}},{"id":"863ec529-c79b-4465-bac6-10486462ba11","block_type":"box","text":"3","page_number":66,"box":{"x":203,"y":427,"width":8,"height":9}},{"id":"070f1b29-333c-4f15-8303-18efe8f9b571","block_type":"box","text":"Ju","page_number":66,"box":{"x":212,"y":427,"width":21,"height":9}},{"id":"a5d930f1-2c96-4d50-bff6-77914b98a5d9","block_type":"box","text":"ly","page_number":66,"box":{"x":235,"y":427,"width":11,"height":12}},{"id":"2bb9145d-baf2-47d8-a163-c618b23a2adf","block_type":"box","text":"2026 (unaudited)","page_number":66,"box":{"x":246,"y":427,"width":131,"height":12}},{"id":"825c827b-ca45-4e01-9aae-de6f34ff966f","block_type":"box","text":"03.07.2026","page_number":66,"box":{"x":634,"y":457,"width":67,"height":7}},{"id":"fc0f4239-afa6-41d9-96b1-506168e1397a","block_type":"box","text":"1","page_number":66,"box":{"x":702,"y":455,"width":3,"height":5}},{"id":"53358a31-d332-4288-af69-703c58f56d8e","block_type":"box","text":"30.06.2025","page_number":66,"box":{"x":888,"y":457,"width":66,"height":7}},{"id":"d373f4b1-baaa-4e6a-ab22-22c8a3cd5bbc","block_type":"box","text":"£","page_number":66,"box":{"x":578,"y":472,"width":8,"height":8}},{"id":"97733cff-2256-44a5-b637-ea79a19e1036","block_type":"box","text":"£","page_number":66,"box":{"x":699,"y":472,"width":7,"height":8}},{"id":"60bfd7cc-d4a6-46c6-92be-0f2d373b109a","block_type":"box","text":"£","page_number":66,"box":{"x":826,"y":472,"width":7,"height":8}},{"id":"241d64af-eb91-4565-88bd-b008b4604ae3","block_type":"box","text":"£","page_number":66,"box":{"x":947,"y":472,"width":7,"height":8}},{"id":"d4ee2a6d-9713-4861-bedc-b4625dd4055a","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":66,"box":{"x":43,"y":510,"width":380,"height":11}},{"id":"e96496b8-526f-419e-ba6b-9e26f1441700","block_type":"box","text":"2","page_number":66,"box":{"x":424,"y":509,"width":4,"height":5}},{"id":"a56e3ce8-ccb9-4428-be2a-fa84f4a58b16","block_type":"box","text":"95,841,284","page_number":66,"box":{"x":626,"y":510,"width":83,"height":10}},{"id":"9210d1e4-6b68-4fdd-bcbb-7f36ac955ca6","block_type":"box","text":"109,451,568","page_number":66,"box":{"x":866,"y":510,"width":90,"height":10}},{"id":"32979ffe-e842-4796-b64d-b1ebfedf5eb4","block_type":"box","text":"Issue of shares","page_number":66,"box":{"x":43,"y":526,"width":112,"height":9}},{"id":"92960114-cce6-4835-98ac-a7b0fc39e560","block_type":"box","text":"57,541,824","page_number":66,"box":{"x":499,"y":526,"width":83,"height":10}},{"id":"9d151b75-3803-4c77-b180-b84224f2fb2b","block_type":"box","text":"6,084,239","page_number":66,"box":{"x":756,"y":526,"width":73,"height":10}},{"id":"44e44feb-78f1-463b-b37c-954f67db1b9d","block_type":"box","text":"Cancellation of shares","page_number":66,"box":{"x":43,"y":542,"width":164,"height":9}},{"id":"03e79fa5-da5f-4306-9efc-603eb563396f","block_type":"box","text":"(13,375,433)","page_number":66,"box":{"x":494,"y":542,"width":91,"height":11}},{"id":"321830ec-5e37-4506-ac48-a7cac5a97814","block_type":"box","text":"(8,830,775)","page_number":66,"box":{"x":751,"y":542,"width":82,"height":11}},{"id":"67145abd-e151-4abb-ab89-1587ac496b22","block_type":"box","text":"44,166,391","page_number":66,"box":{"x":626,"y":558,"width":80,"height":10}},{"id":"40bbd42f-738a-4b8a-b09a-e08f915befc0","block_type":"box","text":"(2,746,536)","page_number":66,"box":{"x":872,"y":558,"width":85,"height":11}},{"id":"1bf842e2-a5ed-4809-80fd-a48ad32d22d2","block_type":"box","text":"Single swing price adjustment","page_number":66,"box":{"x":43,"y":574,"width":221,"height":11}},{"id":"f9f10102-3242-4e3d-ac15-b2a55bc8d10a","block_type":"box","text":"63,665","page_number":66,"box":{"x":659,"y":574,"width":50,"height":10}},{"id":"4b2ed009-e465-4d6a-8a65-2f35d3ff51c9","block_type":"box","text":"–","page_number":66,"box":{"x":948,"y":579,"width":9,"height":1}},{"id":"9bb12efe-8193-4392-a0b2-6d7dae6b1c25","block_type":"box","text":"Change in net assets attributable to","page_number":66,"box":{"x":43,"y":588,"width":268,"height":11}},{"id":"b47c0218-9131-4514-a78f-393a70f36417","block_type":"box","text":"shareholders from investment activities (see above)","page_number":66,"box":{"x":54,"y":604,"width":383,"height":11}},{"id":"5600d0ee-1279-42e6-8341-10cccab02173","block_type":"box","text":"7,276,312","page_number":66,"box":{"x":636,"y":604,"width":73,"height":11}},{"id":"86c54856-9de1-4ea3-997c-5558a669fd24","block_type":"box","text":"(2,552,469)","page_number":66,"box":{"x":872,"y":604,"width":85,"height":11}},{"id":"d6b09c26-2c04-4401-b030-d6776c68bff5","block_type":"box","text":"Retained distribution on accumulation shares","page_number":66,"box":{"x":43,"y":620,"width":333,"height":9}},{"id":"a85e9498-70d8-4af5-8c4a-d208a1cb30ef","block_type":"box","text":"82,535","page_number":66,"box":{"x":659,"y":620,"width":50,"height":11}},{"id":"134516a2-65c8-453d-b4bb-e603db78d209","block_type":"box","text":"128,575","page_number":66,"box":{"x":898,"y":620,"width":58,"height":11}},{"id":"8f629ae7-a85d-4649-9aea-949285201f9f","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":66,"box":{"x":43,"y":637,"width":373,"height":12}},{"id":"50b16672-1448-4bb5-9866-b912d6abc879","block_type":"box","text":"147,430,187","page_number":66,"box":{"x":618,"y":636,"width":91,"height":10}},{"id":"9bd78026-2da0-45df-a473-731c1e4b4823","block_type":"box","text":"104,281,138","page_number":66,"box":{"x":866,"y":636,"width":90,"height":10}},{"id":"98891156-50d7-4815-a508-3a23403d6f3d","block_type":"box","text":"1","page_number":66,"box":{"x":43,"y":668,"width":2,"height":4}},{"id":"598bbce5-3b78-4c20-816e-47914308afc4","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":66,"box":{"x":46,"y":668,"width":910,"height":9}},{"id":"df6fe597-03b4-4261-86ec-4edb0bca5773","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":66,"box":{"x":42,"y":679,"width":915,"height":9}},{"id":"eed482e2-086f-4cb8-aff6-b28c925a87ea","block_type":"box","text":"shareholders.","page_number":66,"box":{"x":42,"y":691,"width":80,"height":7}},{"id":"7a13833f-9d81-4de8-9e77-86da9e4c5c16","block_type":"box","text":"2","page_number":66,"box":{"x":42,"y":702,"width":4,"height":4}},{"id":"5c732c5c-29b6-4946-b5ae-b18e9f618f51","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to the closing comparative position by the change in shareholders’ net assets for the","page_number":66,"box":{"x":46,"y":702,"width":911,"height":9}},{"id":"e297c3bb-66b6-4ba6-8b02-542e0cb757d3","block_type":"box","text":"second half of the comparative financial year.","page_number":66,"box":{"x":42,"y":714,"width":268,"height":9}},{"id":"8e5a648c-b4e5-412e-8e31-60739043b1d9","block_type":"box","text":"66","page_number":67,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"101174d5-911a-4b66-a6a5-7409ce3b6d69","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":67,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"019da776-c186-424c-8746-50b598e5dc92","block_type":"box","text":"Balance Sheet","page_number":67,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"71c94129-7583-405d-8234-7ce3e09bde1a","block_type":"box","text":"As at","page_number":67,"box":{"x":42,"y":97,"width":43,"height":8}},{"id":"fcd5edc6-d111-4c92-8065-8ddffb63ee30","block_type":"box","text":"3 July 2026 (unaudited)","page_number":67,"box":{"x":85,"y":96,"width":175,"height":12}},{"id":"98549e94-29d5-492b-9731-ddb7871fc330","block_type":"box","text":"03.07.2026","page_number":67,"box":{"x":644,"y":116,"width":66,"height":7}},{"id":"efcf682b-974f-4287-9d2e-d8c6cbdb293f","block_type":"box","text":"1","page_number":67,"box":{"x":712,"y":114,"width":3,"height":5}},{"id":"2e59b831-de06-4096-9bf6-f3ed4f881398","block_type":"box","text":"31.12.2025","page_number":67,"box":{"x":888,"y":116,"width":66,"height":7}},{"id":"7e874282-9fd6-46c3-aab2-db625f7cf937","block_type":"box","text":"£","page_number":67,"box":{"x":712,"y":131,"width":7,"height":7}},{"id":"f8816cfd-2e54-4f6d-b694-a86dcc1d320a","block_type":"box","text":"£","page_number":67,"box":{"x":950,"y":131,"width":7,"height":7}},{"id":"82701fe8-0732-42ff-93fa-2ff238471834","block_type":"box","text":"Assets","page_number":67,"box":{"x":42,"y":168,"width":54,"height":9}},{"id":"6d8f08e4-a893-4ba5-aa6b-d9d9411e5a60","block_type":"box","text":"Investments","page_number":67,"box":{"x":55,"y":184,"width":89,"height":9}},{"id":"964400ed-59b2-471e-aae4-34f4ed631546","block_type":"box","text":"144,943,635","page_number":67,"box":{"x":628,"y":184,"width":90,"height":11}},{"id":"a43feecd-102e-4829-8a2a-f7c317654be2","block_type":"box","text":"94,911,463","page_number":67,"box":{"x":875,"y":184,"width":81,"height":11}},{"id":"af7412fc-91b8-4a20-b2d9-3c1678a162de","block_type":"box","text":"Amounts receivable","page_number":67,"box":{"x":54,"y":200,"width":146,"height":9}},{"id":"db80ff70-2425-4c81-bfb0-76a54aed14ec","block_type":"box","text":"2,217,305","page_number":67,"box":{"x":645,"y":200,"width":73,"height":11}},{"id":"2c247126-1059-430c-a044-a8198eb9f0a7","block_type":"box","text":"89,183","page_number":67,"box":{"x":907,"y":200,"width":49,"height":11}},{"id":"5a697608-2719-4787-b141-14fdf7301562","block_type":"box","text":"Cash and cash equivalents","page_number":67,"box":{"x":55,"y":216,"width":200,"height":11}},{"id":"ba921d1c-3099-4324-bf4b-69248de62c62","block_type":"box","text":"2,664,577","page_number":67,"box":{"x":645,"y":216,"width":73,"height":11}},{"id":"282a7821-b953-479a-a171-eb41b7a4e928","block_type":"box","text":"1,595,059","page_number":67,"box":{"x":884,"y":216,"width":72,"height":11}},{"id":"028d773c-1319-4e75-abbc-7ab2f6a6e750","block_type":"box","text":"Total assets","page_number":67,"box":{"x":42,"y":234,"width":88,"height":8}},{"id":"3e6b8af6-b120-48dd-a4a6-9dfe50f00900","block_type":"box","text":"149,825,517","page_number":67,"box":{"x":628,"y":233,"width":90,"height":11}},{"id":"f312bc5a-f28a-4d78-aa00-d9f16008f622","block_type":"box","text":"96,595,705","page_number":67,"box":{"x":874,"y":233,"width":82,"height":11}},{"id":"9aa49849-cce9-4ad3-aef3-dc047ab41535","block_type":"box","text":"Liabilities","page_number":67,"box":{"x":43,"y":256,"width":75,"height":8}},{"id":"420ad64d-480e-4fad-816a-0b052d61f412","block_type":"box","text":"Investments","page_number":67,"box":{"x":55,"y":272,"width":89,"height":8}},{"id":"cc018416-9293-49f8-a8f5-dd1aa634b55c","block_type":"box","text":"(2,134)","page_number":67,"box":{"x":667,"y":271,"width":52,"height":12}},{"id":"727ec1c5-974b-4bb1-a80e-54513a895459","block_type":"box","text":"(17,568)","page_number":67,"box":{"x":896,"y":271,"width":61,"height":12}},{"id":"dbf98aed-f55f-4718-86ca-852218b9b1c3","block_type":"box","text":"Distribution payable","page_number":67,"box":{"x":55,"y":288,"width":145,"height":11}},{"id":"21cf5333-d741-486c-b4b5-1b64044cf2ef","block_type":"box","text":"(1,024,529)","page_number":67,"box":{"x":634,"y":287,"width":85,"height":12}},{"id":"162183f7-8566-4a19-b6c0-3d30d0fa0636","block_type":"box","text":"(436,943)","page_number":67,"box":{"x":886,"y":287,"width":71,"height":12}},{"id":"402c9502-c9d4-4fe1-83c3-54b05c5b6a61","block_type":"box","text":"Other amounts payable","page_number":67,"box":{"x":54,"y":303,"width":174,"height":12}},{"id":"39ad0446-f7ea-4488-98d8-f3fb1296162d","block_type":"box","text":"(1,368,667)","page_number":67,"box":{"x":634,"y":304,"width":85,"height":11}},{"id":"6ebc54dd-01ec-4eb7-b22c-6df6f12bf3bd","block_type":"box","text":"(299,910)","page_number":67,"box":{"x":886,"y":304,"width":71,"height":11}},{"id":"8d65b421-790f-45ce-aa33-d724e9fa078c","block_type":"box","text":"Total liabilities","page_number":67,"box":{"x":42,"y":321,"width":103,"height":8}},{"id":"8867dfd8-572e-47b1-83a9-8d3dda5729a7","block_type":"box","text":"(2,395,330)","page_number":67,"box":{"x":634,"y":321,"width":85,"height":11}},{"id":"ac98aa4d-4d50-41d5-bcdd-ba5b7b46c7b8","block_type":"box","text":"(754,421)","page_number":67,"box":{"x":886,"y":321,"width":71,"height":11}},{"id":"12f69c80-5edc-4409-817e-eaf6399a92cb","block_type":"box","text":"Net assets attributable to shareholders","page_number":67,"box":{"x":43,"y":338,"width":309,"height":8}},{"id":"851f9ae7-233f-4c7b-a9be-75ef0a148147","block_type":"box","text":"147,430,187","page_number":67,"box":{"x":628,"y":336,"width":90,"height":10}},{"id":"e61f87e4-9835-4665-a8c1-1f53261a314c","block_type":"box","text":"95,841,284","page_number":67,"box":{"x":874,"y":336,"width":82,"height":10}},{"id":"7efcf05a-829f-4104-b471-77687a6868b3","block_type":"box","text":"1","page_number":67,"box":{"x":43,"y":369,"width":2,"height":4}},{"id":"fda72cd5-d291-436c-ae4e-30cbbc4bd866","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":67,"box":{"x":46,"y":369,"width":910,"height":9}},{"id":"1a092d50-8362-4056-9a77-e8bbd9b8cc41","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":67,"box":{"x":42,"y":381,"width":915,"height":9}},{"id":"00246e3e-c759-4596-b7f5-e949cb56941f","block_type":"box","text":"shareholders.","page_number":67,"box":{"x":42,"y":392,"width":80,"height":7}},{"id":"1f7335a4-b4bf-432a-a573-49f81fe9736f","block_type":"box","text":"All items in the balance sheet above are current.","page_number":67,"box":{"x":42,"y":417,"width":358,"height":9}},{"id":"e0eb70a4-a8d5-4e2b-a4ae-0add3eb696df","block_type":"box","text":"67","page_number":68,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"419a1d4c-0ced-4f88-9da4-be850780453c","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":68,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"9f1333b8-56ea-4927-8c9a-df1f94c61c31","block_type":"box","text":"Notes to the Financial Statements","page_number":68,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"e12c582e-df00-4f12-9966-c6efe7c9ee8a","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":68,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"7fb70c58-355f-48cf-91e9-6221abf1a863","block_type":"box","text":"1. Accounting Policies","page_number":68,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"722f6410-07c4-4e94-979f-0c065b963ffd","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":68,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"5c1496b0-8c03-41d7-b364-7629a1c9c9fe","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":68,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"df067dd5-4cbe-4081-80a8-1cce92811510","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":68,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"d1ab12e8-0b8f-4efd-b4de-1a3e90ed5e54","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":68,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"055fd380-c465-45c4-92d3-21bc3b289526","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":68,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"eb0001a2-09e2-43a3-96ed-caba493450ce","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":68,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"5f197381-2f3e-44c1-b291-10115b5d634a","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":68,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"c84ddff4-a414-4ee2-a88c-6caa7d0abd80","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":68,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"becf91a6-1c68-4802-9c2a-87fc9e5db67f","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":68,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"6d144abd-ae64-4bfa-8d43-dd23d2095487","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":68,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"3de34b01-61e4-41d7-b2ea-7eba8224d698","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":68,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"0f78af5b-cdac-4972-877f-6c519531520c","block_type":"box","text":"the current period.","page_number":68,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"c33f07d3-4bf6-4434-98a5-26e448c6e03d","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":68,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"decab5bc-7b24-43ee-ab23-5643fee13c65","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":68,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"2053d21c-42dd-4c3a-b401-27d5803dadaf","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":68,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"a012f1d5-5425-431f-af53-a831794d144f","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":68,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"0a4e67b7-496e-452a-bec6-077257d99c60","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":68,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"6862353a-a3ed-476b-8610-d2022921f7dd","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":68,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"a228a11e-76b1-4946-8291-6dc905e113af","block_type":"box","text":"2. Related Parties","page_number":68,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"3744806b-bb87-4eef-8335-a958ee3e0000","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":68,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"e3b3fad0-a7cb-4243-a4df-2462711864df","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":68,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"b6dc2881-5a3a-49d4-9ab9-f5cf81e124e8","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":68,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"b8552c41-8fdb-453d-a99f-8d31d08c1737","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":68,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"adb40d76-294e-470e-ab9a-60c240ac332d","block_type":"box","text":"page 65","page_number":68,"box":{"x":544,"y":513,"width":59,"height":11}},{"id":"28675a0f-e914-4a5b-9489-7fff734affa4","block_type":"box","text":".","page_number":68,"box":{"x":605,"y":521,"width":2,"height":1}},{"id":"bb202de6-75fd-4ab6-af81-b01ff8b1ed04","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £26,359","page_number":68,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"5a3e0654-1760-4f76-94e8-796ed6b34757","block_type":"box","text":"(31 December 2025: £15,593).","page_number":68,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"3e7e89be-9586-48f5-9bc0-055a69e95b0b","block_type":"box","text":"At the period end, Sarasin Global Equity Real Return held no shares in any other sub-fund or collective investment schemes","page_number":68,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"3a3c9a7d-0d23-4536-9b77-7787c33657db","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":68,"box":{"x":43,"y":587,"width":693,"height":11}},{"id":"ec229618-765d-4c88-a0c2-e017ecb36111","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 89.83% of the sub-fund on behalf of multiple beneficiaries","page_number":68,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"69496680-77ed-40ad-98c3-2f331eae35c4","block_type":"box","text":"(31 December 2025: 69.23%).","page_number":68,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"b71566f8-4f1d-4d71-87ed-29b9d9711096","block_type":"box","text":"68","page_number":69,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"5e8dc9d4-4f04-488f-bb78-b3b51eceb11c","block_type":"box","text":"SARASIN Global Equity Real Return","page_number":69,"box":{"x":43,"y":34,"width":343,"height":13}},{"id":"9de70777-9039-487c-b150-8e9694b10fbe","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":69,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"583976c4-3c73-49cd-978f-1914cd1815f1","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":69,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"e995cf28-c237-4239-8c5d-2d4cb3972c5d","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":69,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"6ca01ffa-31f9-4311-9ace-46955d2518e9","block_type":"box","text":"their fair value.","page_number":69,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"f8a23ad6-b893-49dd-804d-135497eff045","block_type":"box","text":"Valuation technique as","page_number":69,"box":{"x":44,"y":171,"width":145,"height":9}},{"id":"d8d57148-fa90-4bf8-bcd2-c05cba7258c1","block_type":"box","text":"at","page_number":69,"box":{"x":194,"y":172,"width":11,"height":6}},{"id":"54a4a142-19bc-41a5-aa52-5ad24efc637c","block_type":"box","text":"3 July 2026","page_number":69,"box":{"x":210,"y":171,"width":70,"height":9}},{"id":"15b3c4de-2c93-4494-8566-67dd46612fe1","block_type":"box","text":"1","page_number":69,"box":{"x":282,"y":169,"width":3,"height":5}},{"id":"dea891d5-4148-422d-84f0-af13c8d390ee","block_type":"box","text":"Financial Assets","page_number":69,"box":{"x":45,"y":197,"width":104,"height":7}},{"id":"5ddd365c-cf2d-4776-a48e-705fa0d1b3c7","block_type":"box","text":"Level 1","page_number":69,"box":{"x":563,"y":186,"width":42,"height":7}},{"id":"52153c8b-aac8-449e-aa5e-ac729cf8e453","block_type":"box","text":"£","page_number":69,"box":{"x":600,"y":197,"width":7,"height":7}},{"id":"c9db4038-d2cb-4e47-a745-e934a210b069","block_type":"box","text":"Level 2","page_number":69,"box":{"x":679,"y":186,"width":44,"height":7}},{"id":"32607811-1f79-4970-80db-dfd342d1c641","block_type":"box","text":"£","page_number":69,"box":{"x":717,"y":197,"width":7,"height":7}},{"id":"7e21e353-2565-4507-a1e7-ac9c5ebc341b","block_type":"box","text":"Level 3","page_number":69,"box":{"x":796,"y":186,"width":44,"height":7}},{"id":"6ab01497-73a2-4885-bad9-08a546e106a6","block_type":"box","text":"£","page_number":69,"box":{"x":833,"y":197,"width":7,"height":7}},{"id":"37e61c8b-c5e6-4add-b53a-930968072c31","block_type":"box","text":"Total","page_number":69,"box":{"x":926,"y":186,"width":30,"height":7}},{"id":"89421a4a-62f1-43e2-8ddd-766c25d56706","block_type":"box","text":"£","page_number":69,"box":{"x":950,"y":197,"width":7,"height":7}},{"id":"90bfed40-191b-4a23-a527-4ba7540c30b1","block_type":"box","text":"Collective Investment Schemes","page_number":69,"box":{"x":45,"y":215,"width":233,"height":9}},{"id":"2383b080-6867-4175-ae9d-f966c3f8b6d9","block_type":"box","text":"32,654,749","page_number":69,"box":{"x":524,"y":215,"width":83,"height":11}},{"id":"004d3c08-c258-416f-bb35-8da63bcbf415","block_type":"box","text":"5,014,793","page_number":69,"box":{"x":650,"y":215,"width":73,"height":11}},{"id":"5c2b46eb-8fc5-44b8-88b1-14a1e39cdd36","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":220,"width":10,"height":1}},{"id":"da1b42a0-e1e5-4f07-b128-05f72bf71788","block_type":"box","text":"37,669,542","page_number":69,"box":{"x":874,"y":215,"width":82,"height":11}},{"id":"e5e3bdc9-dd47-4285-b594-5af8bbc39b65","block_type":"box","text":"Equities","page_number":69,"box":{"x":45,"y":231,"width":58,"height":11}},{"id":"9598e62b-9076-4d8b-a284-6fc9dd9103d5","block_type":"box","text":"107,237,102","page_number":69,"box":{"x":516,"y":231,"width":90,"height":10}},{"id":"bc76ac80-6cfa-4a1f-adf9-a33c5b7203d7","block_type":"box","text":"–","page_number":69,"box":{"x":715,"y":236,"width":9,"height":1}},{"id":"09ec7595-1037-404e-9d4d-fd5df10300b4","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":236,"width":10,"height":1}},{"id":"b9173aff-aafe-4d64-9a80-4e0d12a88e12","block_type":"box","text":"107,237,102","page_number":69,"box":{"x":866,"y":231,"width":90,"height":10}},{"id":"97ac4ca3-785a-4bc4-9ac9-39b557bb335f","block_type":"box","text":"Forward Currency Contracts","page_number":69,"box":{"x":46,"y":246,"width":208,"height":11}},{"id":"9e4f6943-8a19-45e6-ac41-6e44c5ef20c1","block_type":"box","text":"–","page_number":69,"box":{"x":598,"y":251,"width":9,"height":1}},{"id":"45f75d16-afde-4bb3-9c93-64c4ae8a356f","block_type":"box","text":"36,991","page_number":69,"box":{"x":673,"y":246,"width":48,"height":10}},{"id":"afa1fdbe-748a-4e34-8026-8ac2a34f5e48","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":251,"width":10,"height":1}},{"id":"25a39b65-edb8-4421-9173-9ef9a13ff8a3","block_type":"box","text":"36,991","page_number":69,"box":{"x":907,"y":246,"width":47,"height":10}},{"id":"85094653-216c-4f18-a2c0-acff086b9d7f","block_type":"box","text":"139,891,851","page_number":69,"box":{"x":516,"y":262,"width":88,"height":10}},{"id":"51e465a9-2b30-4ac5-bdd8-9523dae3d1c7","block_type":"box","text":"5,051,784","page_number":69,"box":{"x":650,"y":262,"width":73,"height":10}},{"id":"08d3428b-dc6f-4847-b238-0539582c4e3c","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":267,"width":10,"height":1}},{"id":"b6ba6345-3cef-4cd1-87c4-4cc12c10c148","block_type":"box","text":"144,943,635","page_number":69,"box":{"x":866,"y":262,"width":90,"height":10}},{"id":"9f14f997-0d5c-41e3-a47a-171edce35879","block_type":"box","text":"Financial Liabilities","page_number":69,"box":{"x":45,"y":294,"width":122,"height":7}},{"id":"4b50d157-3968-4656-b1cb-82691b692e70","block_type":"box","text":"Forward Currency Contracts","page_number":69,"box":{"x":46,"y":312,"width":208,"height":12}},{"id":"2eb3076c-7bae-4394-bd82-bbaaf68806b7","block_type":"box","text":"–","page_number":69,"box":{"x":598,"y":318,"width":9,"height":0}},{"id":"cb647ebf-7eb9-4472-a842-7e89ae9bd364","block_type":"box","text":"(2,134)","page_number":69,"box":{"x":672,"y":312,"width":51,"height":12}},{"id":"a1f35f21-fa5f-4710-a17f-28d128fc8429","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":318,"width":10,"height":0}},{"id":"63998558-305c-4a55-b86b-c787d2b886de","block_type":"box","text":"(2,134)","page_number":69,"box":{"x":905,"y":312,"width":52,"height":12}},{"id":"3c128101-2782-4348-a768-11c575f3a514","block_type":"box","text":"–","page_number":69,"box":{"x":598,"y":334,"width":9,"height":1}},{"id":"b2d8cda4-9aa9-4216-a88f-3a6a130544a2","block_type":"box","text":"(2,134)","page_number":69,"box":{"x":672,"y":328,"width":51,"height":12}},{"id":"228e93a1-70e2-47a8-b57a-1f670a3c5eb7","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":334,"width":10,"height":1}},{"id":"e6892761-c55e-461e-85f1-715e2cb764b1","block_type":"box","text":"(2,134)","page_number":69,"box":{"x":905,"y":328,"width":52,"height":12}},{"id":"94a0d6b9-6e1c-4375-ac63-a0d3291d995f","block_type":"box","text":"Valuation technique as at","page_number":69,"box":{"x":44,"y":360,"width":161,"height":8}},{"id":"271915f6-6a45-4367-b3c3-a8cffdf96a8a","block_type":"box","text":"31 December 2025","page_number":69,"box":{"x":210,"y":360,"width":116,"height":7}},{"id":"84081393-cff0-4ac0-9cbf-55e39bcece1c","block_type":"box","text":"Financial Assets","page_number":69,"box":{"x":45,"y":386,"width":104,"height":6}},{"id":"cd362310-93fe-499b-8ec7-dded12f824a0","block_type":"box","text":"Level 1","page_number":69,"box":{"x":563,"y":374,"width":42,"height":7}},{"id":"45932d2f-a9a2-4541-8063-c44f6381329d","block_type":"box","text":"£","page_number":69,"box":{"x":600,"y":385,"width":7,"height":7}},{"id":"96d8d5ba-df6e-4f17-9b4d-befdc043ad9e","block_type":"box","text":"Level 2","page_number":69,"box":{"x":679,"y":374,"width":44,"height":7}},{"id":"d984538e-782b-44b2-b0eb-be50a922e088","block_type":"box","text":"£","page_number":69,"box":{"x":717,"y":385,"width":7,"height":7}},{"id":"2c7f6ffe-f33d-46d8-99ae-c8df00891b06","block_type":"box","text":"Level 3","page_number":69,"box":{"x":796,"y":374,"width":44,"height":7}},{"id":"1a2778b9-8341-4642-a8ae-dbbbf284dbb6","block_type":"box","text":"£","page_number":69,"box":{"x":833,"y":385,"width":7,"height":7}},{"id":"6d455237-4dc2-43be-bf8d-066591d84d42","block_type":"box","text":"Total","page_number":69,"box":{"x":926,"y":374,"width":30,"height":7}},{"id":"74606875-cb87-4a7f-9cde-350f2bddbd72","block_type":"box","text":"£","page_number":69,"box":{"x":950,"y":385,"width":7,"height":7}},{"id":"62aebe66-7e11-4892-9a14-6364b91c4187","block_type":"box","text":"Collective Investment Schemes","page_number":69,"box":{"x":45,"y":404,"width":233,"height":8}},{"id":"bf20be2e-b4c2-4b04-8752-cd4e9514b1ac","block_type":"box","text":"13,102,147","page_number":69,"box":{"x":525,"y":404,"width":81,"height":10}},{"id":"33dfa207-8db2-4111-9270-0f413329447b","block_type":"box","text":"3,317,299","page_number":69,"box":{"x":650,"y":404,"width":73,"height":10}},{"id":"a10a482d-f8ae-492c-82e8-1fa3428ebbc6","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":409,"width":10,"height":1}},{"id":"1aa1b051-8cb4-41d7-a9a8-59eccef0ffec","block_type":"box","text":"16,419,446","page_number":69,"box":{"x":875,"y":404,"width":81,"height":10}},{"id":"e8e41edf-efdc-48fb-9be9-fa6072c8d61b","block_type":"box","text":"Debt Securities","page_number":69,"box":{"x":45,"y":419,"width":112,"height":9}},{"id":"31bf05d6-ebc2-4642-82d7-b00fbb60a44b","block_type":"box","text":"2,375,201","page_number":69,"box":{"x":533,"y":419,"width":71,"height":10}},{"id":"d2124152-fa5f-429e-a16e-ee8978c04e4b","block_type":"box","text":"–","page_number":69,"box":{"x":715,"y":424,"width":9,"height":1}},{"id":"d45c60ec-22ca-4b75-8607-c31cd1659b79","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":424,"width":10,"height":1}},{"id":"5a084728-3f10-46b8-8d1f-c9a014b76b89","block_type":"box","text":"2,375,201","page_number":69,"box":{"x":883,"y":419,"width":71,"height":10}},{"id":"f6168101-34ce-47e8-9ba0-367de6a02217","block_type":"box","text":"Equities","page_number":69,"box":{"x":45,"y":434,"width":58,"height":11}},{"id":"ebccf335-2a62-4173-b5dd-7cc5043bdac9","block_type":"box","text":"75,644,614","page_number":69,"box":{"x":524,"y":434,"width":82,"height":11}},{"id":"4006c558-cbee-45e6-be6b-8db5c4ae64da","block_type":"box","text":"–","page_number":69,"box":{"x":715,"y":439,"width":9,"height":1}},{"id":"602e667f-1122-4953-8d0c-627057b46d1f","block_type":"box","text":"135,300","page_number":69,"box":{"x":782,"y":434,"width":58,"height":11}},{"id":"0fb5b45d-fe9c-455e-bd61-b1ef2e2540fe","block_type":"box","text":"75,779,914","page_number":69,"box":{"x":874,"y":434,"width":82,"height":11}},{"id":"2622f42c-3172-41eb-89cd-d04ff6bf7ed8","block_type":"box","text":"Forward Currency Contracts","page_number":69,"box":{"x":46,"y":449,"width":208,"height":12}},{"id":"a6043280-ee3c-479e-88ec-a06f545ce53c","block_type":"box","text":"–","page_number":69,"box":{"x":598,"y":455,"width":9,"height":1}},{"id":"30b5265d-cef2-4e4e-8e15-eb84ad07b65a","block_type":"box","text":"210,639","page_number":69,"box":{"x":664,"y":450,"width":59,"height":10}},{"id":"1f342134-4d9d-4974-9edf-ed24a675e2cb","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":455,"width":10,"height":1}},{"id":"473a421b-b5b7-49e1-8af9-5502af25c2d9","block_type":"box","text":"210,639","page_number":69,"box":{"x":897,"y":450,"width":59,"height":10}},{"id":"cf3713f4-97f2-4112-967e-a409c504cba7","block_type":"box","text":"Options","page_number":69,"box":{"x":45,"y":465,"width":56,"height":11}},{"id":"5e50b48b-d740-4e0a-8558-80a5782ac4c0","block_type":"box","text":"126,263","page_number":69,"box":{"x":548,"y":465,"width":59,"height":10}},{"id":"65fa05e0-59a8-4c9e-be4e-240adb8309ae","block_type":"box","text":"–","page_number":69,"box":{"x":715,"y":470,"width":9,"height":1}},{"id":"f4cd51bd-1489-4899-9c4f-ed5bfd322361","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":470,"width":10,"height":1}},{"id":"ec613005-bdbd-46d5-b483-ca401ea0ac14","block_type":"box","text":"126,263","page_number":69,"box":{"x":898,"y":465,"width":58,"height":10}},{"id":"a2add6d4-ea9b-4955-b971-9a06e1e44da0","block_type":"box","text":"91,248,225","page_number":69,"box":{"x":524,"y":481,"width":83,"height":10}},{"id":"8dc97eb1-aef9-494f-8598-8275639cf800","block_type":"box","text":"3,527,938","page_number":69,"box":{"x":650,"y":481,"width":73,"height":10}},{"id":"cc813e74-c5e9-497b-b539-d2b37383c069","block_type":"box","text":"135,300","page_number":69,"box":{"x":782,"y":481,"width":58,"height":10}},{"id":"a7303fea-29c4-4694-b17b-8feb7a2bdd62","block_type":"box","text":"94,911,463","page_number":69,"box":{"x":875,"y":481,"width":81,"height":10}},{"id":"142b23cd-04cf-44b9-b870-8c6bad2f5c16","block_type":"box","text":"Financial Liabilities","page_number":69,"box":{"x":45,"y":513,"width":122,"height":7}},{"id":"145942bc-7161-4b4e-b31a-b938c44d44c6","block_type":"box","text":"Options","page_number":69,"box":{"x":45,"y":531,"width":56,"height":11}},{"id":"2ff6b14a-58d3-42b0-bc8d-13ea6d855374","block_type":"box","text":"(17,568)","page_number":69,"box":{"x":546,"y":531,"width":61,"height":11}},{"id":"4c16acbc-320f-4f36-858a-c1d19f8948c3","block_type":"box","text":"–","page_number":69,"box":{"x":715,"y":536,"width":9,"height":1}},{"id":"a7306510-158b-41c0-8417-e4888c3c04c6","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":536,"width":10,"height":1}},{"id":"45a62346-a14a-45ff-8bdb-96d8fe3df772","block_type":"box","text":"(17,568)","page_number":69,"box":{"x":896,"y":531,"width":61,"height":11}},{"id":"00b6fbb5-8d3e-45cd-96f9-306c8b63585a","block_type":"box","text":"(17,568)","page_number":69,"box":{"x":546,"y":547,"width":61,"height":12}},{"id":"23986ff0-b785-414d-9224-ffc4765177dd","block_type":"box","text":"–","page_number":69,"box":{"x":715,"y":553,"width":9,"height":0}},{"id":"a407cb54-f7a6-40f6-bdc3-3e12724efdd6","block_type":"box","text":"–","page_number":69,"box":{"x":831,"y":553,"width":10,"height":0}},{"id":"3a569a43-271d-40d2-9465-bb9dd22a4758","block_type":"box","text":"(17,568)","page_number":69,"box":{"x":896,"y":547,"width":61,"height":12}},{"id":"feb502ec-6d1e-4a6c-a022-f71f8ffc34c4","block_type":"box","text":"1","page_number":69,"box":{"x":43,"y":590,"width":2,"height":4}},{"id":"6f859fe6-3287-4b6d-a473-3916b97953e1","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":69,"box":{"x":46,"y":591,"width":910,"height":9}},{"id":"9d38ead8-7293-4589-a680-39909dae32e9","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":69,"box":{"x":42,"y":602,"width":915,"height":9}},{"id":"9e121457-844f-4b8c-be62-a1fe94e40c70","block_type":"box","text":"shareholders.","page_number":69,"box":{"x":42,"y":614,"width":80,"height":7}},{"id":"7243559b-46dc-4c36-8428-8c9047822079","block_type":"box","text":"Level 1","page_number":69,"box":{"x":43,"y":645,"width":53,"height":9}},{"id":"535d4fe8-8f4c-4e26-8980-37c22fada13a","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":69,"box":{"x":42,"y":658,"width":920,"height":11}},{"id":"79bca10c-3046-404e-a7ec-afa9bc4ac6be","block_type":"box","text":"date.","page_number":69,"box":{"x":42,"y":671,"width":36,"height":9}},{"id":"4fc87f8f-f27a-4d3d-abaf-875db332df9b","block_type":"box","text":"Level 2","page_number":69,"box":{"x":43,"y":696,"width":55,"height":9}},{"id":"c35f5a39-a06d-4d72-93fe-9e6a3e0dd1eb","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":69,"box":{"x":42,"y":709,"width":894,"height":11}},{"id":"58e07249-a3c1-407f-93ee-15fd24c92691","block_type":"box","text":"Level 3","page_number":69,"box":{"x":43,"y":734,"width":55,"height":9}},{"id":"0b23f32c-2439-4408-856d-c23d8484bf31","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable). Investments classified as using","page_number":69,"box":{"x":42,"y":747,"width":914,"height":11}},{"id":"9c3832d8-1c5e-4d35-8312-4830edf8b1c9","block_type":"box","text":"inputs that are not based on observable market data comprise fair value adjusted securities. For information on the basis","page_number":69,"box":{"x":43,"y":760,"width":914,"height":11}},{"id":"e3b9d4ff-fe6c-4715-a34f-30851f37e498","block_type":"box","text":"of fair valuation of investments for these securities and the valuation process undertaken, please refer to note 1l of the","page_number":69,"box":{"x":42,"y":773,"width":914,"height":11}},{"id":"47cd83ad-d82b-4315-b3c1-53c1977fae44","block_type":"box","text":"Accounting Policies of the annual financial statements for the year ended 31 December 2025. Level 3 instruments comprise","page_number":69,"box":{"x":42,"y":786,"width":914,"height":12}},{"id":"b2d28aa7-2b06-4c28-8882-c5bd7db68d91","block_type":"box","text":"an investment in Home REIT. The Investment Manager’s Valuation Committee have assessed the realisable value attributable","page_number":69,"box":{"x":42,"y":799,"width":914,"height":12}},{"id":"e57d51cb-1088-4ef7-9fe6-6ec1192bb239","block_type":"box","text":"to the underlying portfolio of Home REIT and valued it as at 31 December 2025 using an internal model applying a 50%","page_number":69,"box":{"x":42,"y":812,"width":914,"height":12}},{"id":"6391e502-ab48-4f28-b61b-24cdde880544","block_type":"box","text":"discount to publicly available information. Home REIT is no longer held by the sub-fund as at 3 July 2026.","page_number":69,"box":{"x":42,"y":826,"width":780,"height":11}},{"id":"e65c81a9-dac2-471f-85fb-9fad84cf667e","block_type":"box","text":"69","page_number":70,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"625b4d75-24a6-49e9-9602-14fd87564b7e","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":70,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"0c54306a-1854-4bf8-af1c-386e73b9ad30","block_type":"box","text":"Investment Objective and Policy","page_number":70,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"a7a1f1f9-8aca-4611-9803-99dea92de859","block_type":"box","text":"Investment Objective","page_number":70,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"0ba8248a-4f2c-4a6a-94fa-c0f8f3d04ad2","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":70,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"42de29df-5b2c-48ad-923a-6ebc067c422d","block_type":"box","text":"investment value and income) over a rolling 5 year period","page_number":70,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"c4ee7446-dd5e-4cfb-83a8-06684fec7c23","block_type":"box","text":"after deducting fees and costs.","page_number":70,"box":{"x":42,"y":138,"width":227,"height":11}},{"id":"6f636741-8d44-419f-aa16-ddd67cde7743","block_type":"box","text":"Investment Policy","page_number":70,"box":{"x":43,"y":163,"width":141,"height":11}},{"id":"af904503-f8da-4907-8358-e508814aa2cc","block_type":"box","text":"Investments","page_number":70,"box":{"x":43,"y":177,"width":89,"height":9}},{"id":"00b2f9bf-598f-4187-b634-521a1fc7c1aa","block_type":"box","text":"We invest at least 80% of the sub-fund in the shares of large","page_number":70,"box":{"x":42,"y":202,"width":450,"height":11}},{"id":"6d6658fc-b67b-4218-90d0-7ac9986a67d1","block_type":"box","text":"and medium sized companies from around the world.","page_number":70,"box":{"x":42,"y":216,"width":393,"height":11}},{"id":"3128ade8-2adc-4de9-8b07-df22fa710f29","block_type":"box","text":"We may also invest in cash or bonds or units in funds","page_number":70,"box":{"x":42,"y":241,"width":450,"height":11}},{"id":"889dafe0-b31c-4636-8a59-9f0b10f37f34","block_type":"box","text":"(including funds managed by Sarasin).","page_number":70,"box":{"x":43,"y":255,"width":284,"height":12}},{"id":"57e9f93a-2399-4ba1-9666-9ef8d620bab0","block_type":"box","text":"Investment Selection","page_number":70,"box":{"x":43,"y":281,"width":154,"height":8}},{"id":"d3554694-b297-46a5-8660-85dc572dd852","block_type":"box","text":"We carefully select the sub-fund’s investments and have free","page_number":70,"box":{"x":42,"y":305,"width":450,"height":12}},{"id":"1fa1188a-1275-4609-9b93-66f41cde5291","block_type":"box","text":"choice to select companies from any country/region, sector","page_number":70,"box":{"x":42,"y":320,"width":450,"height":11}},{"id":"0cad3c58-f805-41c1-b480-3182575f7a81","block_type":"box","text":"or industry.","page_number":70,"box":{"x":42,"y":334,"width":80,"height":11}},{"id":"bf219243-4270-4ee4-876d-78833aab7294","block_type":"box","text":"We identify the long-term investment themes that drive","page_number":70,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"7e37be2e-46a1-42b6-abfe-088ad352b12c","block_type":"box","text":"growth and lead to disruption in global economies and","page_number":70,"box":{"x":42,"y":373,"width":450,"height":11}},{"id":"6109895b-148d-4bbb-85cd-df478a08b6d6","block_type":"box","text":"industries. We believe that these themes are likely to result","page_number":70,"box":{"x":43,"y":387,"width":449,"height":12}},{"id":"ef752363-f8da-44c3-9144-2119fc66153c","block_type":"box","text":"in structural consequences for company performance which","page_number":70,"box":{"x":43,"y":402,"width":449,"height":11}},{"id":"8701b00d-9267-4136-a327-a3d499c37fa4","block_type":"box","text":"will be reflected in their share price. We select companies","page_number":70,"box":{"x":42,"y":416,"width":450,"height":11}},{"id":"4f37cf7b-0655-4a03-989a-af983ce0ce5a","block_type":"box","text":"which are most likely to benefit from our investment themes,","page_number":70,"box":{"x":42,"y":430,"width":450,"height":11}},{"id":"df608fac-3fcf-4a56-a69e-f60333ac5f10","block_type":"box","text":"and are well placed to grow their revenues and cash flows as","page_number":70,"box":{"x":42,"y":444,"width":450,"height":12}},{"id":"d3e637e7-6aed-44d6-ad4a-abf06d9da646","block_type":"box","text":"a result of them, based on our own analysis.","page_number":70,"box":{"x":42,"y":459,"width":327,"height":11}},{"id":"89a25e9b-4b3b-4b6a-9696-3fe3c94491e0","block_type":"box","text":"Integral to this analysis is the Sarasin Sustainability Impact","page_number":70,"box":{"x":43,"y":484,"width":449,"height":11}},{"id":"411464c2-9f58-4606-95a6-dc012a551ad6","block_type":"box","text":"Matrix (“SIM”) - an in-house tool devised to examine","page_number":70,"box":{"x":43,"y":498,"width":449,"height":11}},{"id":"09b594af-bf4f-499c-a677-097cd7ece043","block_type":"box","text":"and quantify any material environmental, social and/or","page_number":70,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"444bf1bb-0a01-42db-85dc-52078ecec690","block_type":"box","text":"governance factors. A comprehensive assessment of the","page_number":70,"box":{"x":42,"y":526,"width":450,"height":12}},{"id":"30b34058-5db9-4f2f-ae36-5b65ad919a35","block_type":"box","text":"related risks and opportunities resulting from these factors","page_number":70,"box":{"x":43,"y":541,"width":449,"height":11}},{"id":"06d9b482-fd21-49db-a985-4c78ec4d3c9f","block_type":"box","text":"that are identified through the SIM, are then embedded","page_number":70,"box":{"x":42,"y":555,"width":450,"height":11}},{"id":"362406bc-0d0a-45a0-9bf5-2805596185d6","block_type":"box","text":"within our financial modelling and analysis of companies.","page_number":70,"box":{"x":42,"y":569,"width":420,"height":11}},{"id":"5f8f808c-6730-4d31-8a6f-db5f2b0aaf02","block_type":"box","text":"Stewardship","page_number":70,"box":{"x":43,"y":594,"width":91,"height":11}},{"id":"45f9fe7e-b4a2-4224-8611-117ede8a111f","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":70,"box":{"x":43,"y":619,"width":449,"height":11}},{"id":"89f29057-3816-4518-8f78-510028c226ec","block_type":"box","text":"engage, as far as possible, with underlying issuers (both","page_number":70,"box":{"x":42,"y":633,"width":450,"height":12}},{"id":"83bb9026-3bfc-4728-a940-f40efb530822","block_type":"box","text":"shares and corporate bonds) to promote actions to mitigate","page_number":70,"box":{"x":42,"y":648,"width":450,"height":11}},{"id":"5362e276-7d8b-4906-97f0-5eeeb7c47641","block_type":"box","text":"material environmental, social and/or governance risks","page_number":70,"box":{"x":43,"y":662,"width":449,"height":11}},{"id":"b40aa7d2-591f-4e40-a44d-2dcd6ca00a13","block_type":"box","text":"identified through the SIM or other analysis. Engagements","page_number":70,"box":{"x":43,"y":676,"width":449,"height":11}},{"id":"64850fb0-f427-4268-9fee-ea9577e6824a","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":70,"box":{"x":42,"y":690,"width":444,"height":12}},{"id":"205e1964-5dd1-4da8-bd12-67764782787a","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":70,"box":{"x":42,"y":705,"width":446,"height":11}},{"id":"3fccbda5-0a5a-4371-9d03-47b44b0bb180","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":70,"box":{"x":42,"y":719,"width":445,"height":11}},{"id":"1dc3b657-3b72-4be7-99a2-c63db0e43a65","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":70,"box":{"x":42,"y":733,"width":444,"height":11}},{"id":"d8ad2b49-8515-4021-a4d4-d45c084ce70c","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":70,"box":{"x":42,"y":747,"width":445,"height":9}},{"id":"1913456d-f9f7-4c82-9f91-4a66ae7ec232","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":70,"box":{"x":42,"y":762,"width":318,"height":11}},{"id":"a6f8f5a1-91c9-4c48-83f6-35e01366678f","block_type":"box","text":"Voting is integral to our engagement work where we","page_number":70,"box":{"x":42,"y":787,"width":445,"height":11}},{"id":"e1fc692a-3298-4a5d-80be-ff46ebece6d7","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":70,"box":{"x":42,"y":801,"width":445,"height":11}},{"id":"99582abc-de64-46da-b3c6-c02668f61b94","block_type":"box","text":"votes on routine items are aligned with our engagement","page_number":70,"box":{"x":42,"y":815,"width":445,"height":11}},{"id":"4f09b511-8e56-43ca-bd33-3b59c2713804","block_type":"box","text":"priorities. Our Corporate Governance and Voting Guidelines","page_number":70,"box":{"x":43,"y":829,"width":444,"height":12}},{"id":"73498d01-15a0-4f40-8db7-32973e59fbd9","block_type":"box","text":"are updated annually and published on our website at","page_number":70,"box":{"x":42,"y":844,"width":450,"height":11}},{"id":"70e9dbe7-9b4e-4f38-975e-494b10db1ed1","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":70,"box":{"x":42,"y":858,"width":445,"height":11}},{"id":"05dd6beb-1965-49ae-a08e-59a535475942","block_type":"box","text":"you/.","page_number":70,"box":{"x":42,"y":872,"width":35,"height":11}},{"id":"0d507c96-8634-4dfd-817f-f5c7a79f4209","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":70,"box":{"x":43,"y":897,"width":449,"height":11}},{"id":"2ca88e39-061e-4a67-8ca1-061bab66a3fd","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":70,"box":{"x":42,"y":911,"width":450,"height":12}},{"id":"2ff94288-176c-4def-be05-82bde8059b94","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":70,"box":{"x":43,"y":926,"width":443,"height":11}},{"id":"bd7c8b2d-dce9-4d81-9a9a-f5aae8a2388e","block_type":"box","text":"long-term financial performance for investors.","page_number":70,"box":{"x":43,"y":940,"width":334,"height":11}},{"id":"b581698b-f0ee-4a44-8571-97c2e2dd3e69","block_type":"box","text":"Restrictions","page_number":70,"box":{"x":512,"y":79,"width":87,"height":9}},{"id":"8b863679-f0e0-419e-b277-b9c6bf8b2c0e","block_type":"box","text":"Our approach to investing responsibly includes avoiding","page_number":70,"box":{"x":512,"y":104,"width":450,"height":11}},{"id":"74cb37e8-94f7-47f8-bc16-9538abcadcce","block_type":"box","text":"companies that are materially engaged in certain sectors,","page_number":70,"box":{"x":512,"y":118,"width":450,"height":12}},{"id":"d30276a7-8738-49c9-b251-cc21357c97cc","block_type":"box","text":"including the production or distribution of tobacco, alcohol,","page_number":70,"box":{"x":513,"y":133,"width":449,"height":11}},{"id":"19677543-293e-4765-9da9-7a227f36acbb","block_type":"box","text":"armaments, gambling, adult entertainment and the extraction","page_number":70,"box":{"x":512,"y":147,"width":450,"height":11}},{"id":"1049d169-5fb7-47ce-bc0a-2270ed379a47","block_type":"box","text":"of fossil fuels. Further detail on how we do this is available","page_number":70,"box":{"x":512,"y":161,"width":450,"height":9}},{"id":"108fddd2-7b22-450c-9c5f-15685096c4f5","block_type":"box","text":"in the Guide to Ethical Exclusions which is available","page_number":70,"box":{"x":513,"y":175,"width":449,"height":9}},{"id":"f17ee251-3b18-42e4-99e1-ae74b08862c7","block_type":"box","text":"on our website at www.sarasinandpartners.com/funds/","page_number":70,"box":{"x":512,"y":190,"width":445,"height":11}},{"id":"3251dd2c-fdd1-4934-9156-cbf4652d866c","block_type":"box","text":"sarasin-responsible-global-equity.","page_number":70,"box":{"x":512,"y":204,"width":248,"height":11}},{"id":"aad9a134-b083-41ba-bccf-9f39f4a9b875","block_type":"box","text":"We also avoid companies that we have judged to exhibit","page_number":70,"box":{"x":512,"y":229,"width":450,"height":11}},{"id":"9a3acd54-6e37-4878-bdd9-18586fb4fc7e","block_type":"box","text":"excessive environmental, social and governance (ESG)","page_number":70,"box":{"x":512,"y":243,"width":450,"height":11}},{"id":"64eb6716-c313-496f-a738-a676b2072de3","block_type":"box","text":"weaknesses, as reflected in the lowest ESG ratings of D and","page_number":70,"box":{"x":512,"y":257,"width":450,"height":12}},{"id":"8f1c5b4a-0f2d-4738-951c-0a79fe985d8a","block_type":"box","text":"E, on a scale of A (best) to E (worst), which are a measure of a","page_number":70,"box":{"x":513,"y":272,"width":449,"height":11}},{"id":"767ce670-4604-42a4-aa2f-e235f5fbffef","block_type":"box","text":"company’s overall ESG risks, and their materiality, allocated","page_number":70,"box":{"x":512,"y":286,"width":450,"height":11}},{"id":"acde7faa-9ab5-4215-910b-ba58a3d7ee50","block_type":"box","text":"following our SIM analysis. The investments available to","page_number":70,"box":{"x":512,"y":300,"width":450,"height":11}},{"id":"5fb6623b-fb72-4fcb-85f4-703fea2ce3a2","block_type":"box","text":"this sub-fund might therefore be more limited than for less","page_number":70,"box":{"x":512,"y":314,"width":450,"height":12}},{"id":"d8af6b64-67f5-4bf4-a2b1-cfbeed7fcf86","block_type":"box","text":"constrained funds that do not avoid such companies.","page_number":70,"box":{"x":512,"y":329,"width":390,"height":11}},{"id":"49586355-7073-49aa-98bc-3890ce1b616c","block_type":"box","text":"Additional Techniques","page_number":70,"box":{"x":511,"y":354,"width":164,"height":11}},{"id":"1be98d86-ba31-4658-b453-3f6da3a99a25","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":70,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"acfeb6d6-d16e-4640-a239-8a360ba0242c","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":70,"box":{"x":513,"y":393,"width":449,"height":11}},{"id":"ac779cae-fe00-4bcd-8793-1670deaf97f3","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":70,"box":{"x":513,"y":407,"width":449,"height":9}},{"id":"d27d49a6-c8a5-4cb4-9e53-d3f1e00dc43d","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":70,"box":{"x":513,"y":421,"width":449,"height":12}},{"id":"c55f66ed-4ddd-481b-a284-17807d182e6a","block_type":"box","text":"share prices, currencies).","page_number":70,"box":{"x":512,"y":436,"width":187,"height":11}},{"id":"3b51df7b-c58b-472d-b0bd-90bb1b0ac1d3","block_type":"box","text":"Sustainability Labels","page_number":70,"box":{"x":512,"y":461,"width":166,"height":11}},{"id":"8b02531f-cb01-488e-b789-bdea2141e99d","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":70,"box":{"x":512,"y":475,"width":450,"height":11}},{"id":"c474606b-c84c-4b58-87e9-b10a7ad35f1c","block_type":"box","text":"specific sustainability goal.","page_number":70,"box":{"x":512,"y":489,"width":196,"height":11}},{"id":"35e5dee6-3516-4005-b9f7-8940b53b5213","block_type":"box","text":"Whilst the sub-fund incorporates ESG considerations, active","page_number":70,"box":{"x":512,"y":514,"width":450,"height":11}},{"id":"c9068536-56da-4183-b88a-4a351c627fc1","block_type":"box","text":"ownership and policy outreach, it does not have a defined","page_number":70,"box":{"x":512,"y":528,"width":450,"height":11}},{"id":"90d0c5eb-fe8f-4918-bfde-b90a9db140fb","block_type":"box","text":"sustainability goal or objective, therefore this product does","page_number":70,"box":{"x":512,"y":542,"width":450,"height":12}},{"id":"35fd69fc-f439-4bd1-b0e0-472f1dbc8f5a","block_type":"box","text":"not have a UK sustainability investment label.","page_number":70,"box":{"x":513,"y":557,"width":335,"height":11}},{"id":"5577f986-6e5a-4ba3-bba0-9ec4b193ac3f","block_type":"box","text":"Benchmark Information","page_number":70,"box":{"x":513,"y":582,"width":186,"height":9}},{"id":"fec264f5-b2cd-4f0b-ab2c-ce686d35f2e3","block_type":"box","text":"Because the sub-fund offers share classes denominated","page_number":70,"box":{"x":513,"y":596,"width":449,"height":9}},{"id":"74290252-e968-4e98-be2d-188f39ee2501","block_type":"box","text":"in various currencies and with various currency hedging","page_number":70,"box":{"x":513,"y":610,"width":449,"height":11}},{"id":"0aa542f3-d755-4752-947d-30868387b5fe","block_type":"box","text":"options, shareholders may assess performance in respect of","page_number":70,"box":{"x":512,"y":624,"width":450,"height":12}},{"id":"745438a0-4f17-4e73-b842-095dbdfed1fb","block_type":"box","text":"hedged Share Classes against an iteration of the MSCI All","page_number":70,"box":{"x":513,"y":639,"width":449,"height":11}},{"id":"072a1810-ad09-4b34-a77e-4d9fd9ced50d","block_type":"box","text":"Countries World Index (Net Total Return) which is hedged to","page_number":70,"box":{"x":512,"y":653,"width":450,"height":11}},{"id":"3e66df33-c560-4cd9-8fec-405d08a94073","block_type":"box","text":"the currency of denomination of the relevant share class. In","page_number":70,"box":{"x":512,"y":667,"width":450,"height":11}},{"id":"0309d777-036a-440a-b4a8-1a985d6254fb","block_type":"box","text":"respect of all other share classes, shareholders may assess","page_number":70,"box":{"x":513,"y":681,"width":449,"height":12}},{"id":"55f8550a-d0bc-4afd-a91d-07e7ac0b27b5","block_type":"box","text":"performance against the MSCI All Countries World Index","page_number":70,"box":{"x":513,"y":696,"width":444,"height":11}},{"id":"d631b269-8a5e-4964-a11e-10e0ceac78e4","block_type":"box","text":"(Net Total Return) denominated in the same currency as the","page_number":70,"box":{"x":513,"y":710,"width":443,"height":11}},{"id":"2ae98830-029f-4882-a7e0-7fecada96789","block_type":"box","text":"relevant unhedged share class.","page_number":70,"box":{"x":513,"y":725,"width":231,"height":10}},{"id":"78080457-cac1-454f-b8ae-61e0b6f3f0b1","block_type":"box","text":"The MSCI All Countries World Index (Total Net Return),","page_number":70,"box":{"x":512,"y":749,"width":444,"height":11}},{"id":"ce7182c8-ac05-4959-ac5b-7eb9304cd7fe","block_type":"box","text":"including in hedged form, represents the performance of","page_number":70,"box":{"x":513,"y":763,"width":445,"height":12}},{"id":"5a194e10-a85d-434d-9503-eaf1b971d557","block_type":"box","text":"shares of companies from around the world.","page_number":70,"box":{"x":512,"y":778,"width":326,"height":11}},{"id":"bbf41483-fd35-4a9b-99d9-704af4e1f671","block_type":"box","text":"70","page_number":71,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"877ca60b-d977-4b9c-9af1-8aff66ebf487","block_type":"box","text":"71","page_number":71,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"ef7a0288-681e-49a1-b0f2-355d09556db6","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":71,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"55a66a85-2389-4201-9a4e-a50ddd02c708","block_type":"box","text":"Sensitivity Analysis","page_number":71,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"0e689513-241f-40d2-82ef-448c206c96f6","block_type":"box","text":"The sub-fund invests in equities. The sub-fund has the ability","page_number":71,"box":{"x":42,"y":93,"width":450,"height":12}},{"id":"4fdb6362-694e-4ece-b372-5b846f52a8a2","block_type":"box","text":"to use options on individual stocks for efficient portfolio","page_number":71,"box":{"x":42,"y":108,"width":450,"height":11}},{"id":"1087822a-a50f-4ebe-8ff2-f132c87cd738","block_type":"box","text":"management purposes.","page_number":71,"box":{"x":43,"y":122,"width":174,"height":11}},{"id":"601279b0-6916-4cc8-ba62-e600b32c5ba3","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":71,"box":{"x":43,"y":147,"width":449,"height":9}},{"id":"5a1939cb-fd9b-49b8-ad9d-34f339a9e48b","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":71,"box":{"x":43,"y":161,"width":449,"height":11}},{"id":"e154e9b4-fff4-462e-a565-7e035e03549d","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":71,"box":{"x":42,"y":175,"width":450,"height":11}},{"id":"40c0927a-f3dd-4c83-93b2-b1df91552eb6","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":71,"box":{"x":42,"y":190,"width":450,"height":11}},{"id":"61b03dd1-9daa-47ed-9513-25c2fbd5c5bc","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":71,"box":{"x":42,"y":204,"width":450,"height":11}},{"id":"5a708cd5-9179-422a-8858-bbc80d0d6c5d","block_type":"box","text":"Carlo simulation methodology.","page_number":71,"box":{"x":43,"y":218,"width":222,"height":11}},{"id":"c26a5738-4c3c-428d-b93b-288dffd37305","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":71,"box":{"x":42,"y":243,"width":450,"height":11}},{"id":"588b18cf-59b2-4a72-93e3-a2cac07bc3d6","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":71,"box":{"x":43,"y":257,"width":449,"height":12}},{"id":"d1191e14-821d-4b85-bd06-a25cace50afd","block_type":"box","text":"portfolio over a specific timeframe.","page_number":71,"box":{"x":43,"y":272,"width":253,"height":11}},{"id":"95b4b4f3-a524-477f-9b4b-3770965ceff6","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":71,"box":{"x":42,"y":297,"width":450,"height":11}},{"id":"445ac5f6-1aa4-4afc-a117-1da8f8222452","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":71,"box":{"x":43,"y":311,"width":449,"height":11}},{"id":"3b84c704-4839-4ead-b09b-75eaf74d437b","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":71,"box":{"x":43,"y":325,"width":449,"height":11}},{"id":"8f7e9603-5325-4c92-93d2-a10944c81162","block_type":"box","text":"based on the 99th percentile.","page_number":71,"box":{"x":43,"y":339,"width":214,"height":11}},{"id":"38ea8fb9-f477-4bee-8b67-00b3312f62f5","block_type":"box","text":"The “99% / 20-day Relative VaR” for Sarasin Responsible","page_number":71,"box":{"x":42,"y":364,"width":450,"height":11}},{"id":"b3ce9233-4615-4549-b3ac-67f3c0a97c0d","block_type":"box","text":"Global Equity, as at","page_number":71,"box":{"x":43,"y":378,"width":189,"height":12}},{"id":"ca942217-7276-4f90-b090-034b3f4e6226","block_type":"box","text":"3 July 2026","page_number":71,"box":{"x":246,"y":379,"width":112,"height":11}},{"id":"5b6e3eb1-932c-45ac-914c-9fd378aec160","block_type":"box","text":", was 97.27%","page_number":71,"box":{"x":361,"y":378,"width":131,"height":11}},{"id":"df242bbf-deb4-4a21-99b2-06abaec6d357","block_type":"box","text":"(","page_number":71,"box":{"x":43,"y":393,"width":4,"height":11}},{"id":"311d6fb1-c156-4991-96e7-9d64aeb79a4d","block_type":"box","text":"31 December 2025","page_number":71,"box":{"x":48,"y":393,"width":150,"height":9}},{"id":"bfaa3ccd-849b-4742-b93a-5fd910b7767d","block_type":"box","text":": 103.77%). The lowest, highest and","page_number":71,"box":{"x":200,"y":393,"width":292,"height":11}},{"id":"ca18d51a-8ac3-413d-83e0-0d4777e11b90","block_type":"box","text":"average utilisation of Relative VaR in the period was 96.50%,","page_number":71,"box":{"x":42,"y":407,"width":450,"height":11}},{"id":"cc16ffba-fa2c-49d1-b7db-00e0c445aca8","block_type":"box","text":"106.29% and 101.89%, respectively (","page_number":71,"box":{"x":44,"y":421,"width":289,"height":12}},{"id":"2f074fc4-e2c6-454a-b435-b4a65c9b1cd0","block_type":"box","text":"31 December 2025","page_number":71,"box":{"x":334,"y":421,"width":148,"height":9}},{"id":"6136f13e-80bd-4361-99ff-1d3dcd209b40","block_type":"box","text":":","page_number":71,"box":{"x":484,"y":424,"width":8,"height":6}},{"id":"2c8abd7c-990b-4ab3-8e02-5e2a49e529a8","block_type":"box","text":"91.23%, 107.56% and 100.07%, respectively).","page_number":71,"box":{"x":43,"y":436,"width":342,"height":11}},{"id":"8c3b035c-7c39-45e2-b035-e37ad9a31464","block_type":"box","text":"Note: The sub-fund moved to relative VaR in mid-2020 so","page_number":71,"box":{"x":43,"y":460,"width":449,"height":9}},{"id":"6c3db97d-313d-44ae-acef-f504e94dba6c","block_type":"box","text":"that the VaR limit moves with market volatility. The regulatory","page_number":71,"box":{"x":42,"y":475,"width":450,"height":11}},{"id":"9a2482af-f7d3-4aa2-813c-d2ab8a2b2077","block_type":"box","text":"limit is 200% relative to benchmark VaR.","page_number":71,"box":{"x":43,"y":489,"width":298,"height":9}},{"id":"5e1e9e20-dc1b-4d96-9e5d-f206d94754ff","block_type":"box","text":"71","page_number":72,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"3e546b38-0486-4e52-89b1-eedd0b27c2b2","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":72,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"e00fe5a4-6a55-4cc5-ac9f-37067246f6e3","block_type":"box","text":"Investment Review \r\new","page_number":72,"box":{"x":43,"y":79,"width":180,"height":11}},{"id":"8dae6ae3-81b0-4817-b163-21640eb2a371","block_type":"box","text":"Investment Review","page_number":72,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"9e17bf73-4b97-426a-a2f3-6799eeae5f31","block_type":"box","text":"Sub-fund Performance","page_number":72,"box":{"x":42,"y":95,"width":180,"height":9}},{"id":"f9df99cc-523a-4da5-af6f-a49e2a66b9b5","block_type":"box","text":"Cumulative performance","page_number":72,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"de452e76-5555-4fa2-ab96-100fd2f80d4d","block_type":"box","text":"6 mos","page_number":72,"box":{"x":455,"y":121,"width":45,"height":9}},{"id":"3d117fef-f9d5-4f7b-aefa-29847230b1a4","block_type":"box","text":"1 yr","page_number":72,"box":{"x":569,"y":121,"width":27,"height":11}},{"id":"716019fa-2408-4903-b690-0c24cd36f1d3","block_type":"box","text":"3 yrs","page_number":72,"box":{"x":671,"y":121,"width":35,"height":11}},{"id":"a25ba407-9a05-493f-88d6-6fe99e62f834","block_type":"box","text":"5 yrs","page_number":72,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"9975a340-af21-4766-bb34-440b32247f6b","block_type":"box","text":"Since","page_number":72,"box":{"x":882,"y":114,"width":46,"height":9}},{"id":"8f48259d-9af5-45cb-98a2-08619b911764","block_type":"box","text":"Inception","page_number":72,"box":{"x":870,"y":128,"width":65,"height":11}},{"id":"6cf11338-aab2-4866-8355-129d65347867","block_type":"box","text":"01 Jan 26 -","page_number":72,"box":{"x":434,"y":146,"width":88,"height":9}},{"id":"43c552e2-3ccc-4324-8bdc-188495a96e6e","block_type":"box","text":"03 Jul 26","page_number":72,"box":{"x":442,"y":160,"width":66,"height":9}},{"id":"134847d2-48ac-4536-9994-163d5951a149","block_type":"box","text":"01 Jul 25 -","page_number":72,"box":{"x":543,"y":146,"width":82,"height":9}},{"id":"e47b245f-6557-4f7e-8607-69e5a37086e7","block_type":"box","text":"03 Jul 26","page_number":72,"box":{"x":548,"y":160,"width":67,"height":9}},{"id":"c8c2e028-bc15-44a5-b613-4790414034c4","block_type":"box","text":"01 Jul 23 -","page_number":72,"box":{"x":650,"y":146,"width":82,"height":9}},{"id":"875a6f50-da64-4a34-8c36-add23bd55428","block_type":"box","text":"03 Jul 26","page_number":72,"box":{"x":655,"y":160,"width":66,"height":9}},{"id":"728434fa-14f2-4739-8699-e869291c94bf","block_type":"box","text":"01 Jul 21 -","page_number":72,"box":{"x":756,"y":146,"width":83,"height":9}},{"id":"a5654260-323a-4991-9a1f-d4411685825d","block_type":"box","text":"03 Jul 26","page_number":72,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"f5cec6bf-6037-43e9-b390-f8518ed67b53","block_type":"box","text":"01 Jul 11 -","page_number":72,"box":{"x":864,"y":146,"width":81,"height":9}},{"id":"4b86d7ef-ff11-4d16-a44a-9f9828f8124d","block_type":"box","text":"03 Jul 26","page_number":72,"box":{"x":869,"y":160,"width":66,"height":9}},{"id":"02e7c960-4cf1-45a3-8472-99218dadbdf5","block_type":"box","text":"%","page_number":72,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"083103d2-f33a-49e5-9f78-29e46ac7d7ed","block_type":"box","text":"%","page_number":72,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"dbb68ff8-7a06-4cf1-94b0-9843a823bdf8","block_type":"box","text":"%","page_number":72,"box":{"x":682,"y":182,"width":13,"height":9}},{"id":"d5ca46bd-c5e4-4368-ac3f-16c510fb1ad2","block_type":"box","text":"%","page_number":72,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"fc0dc146-e32a-4b6e-9913-c3da74e83d1c","block_type":"box","text":"%","page_number":72,"box":{"x":896,"y":182,"width":13,"height":9}},{"id":"a199a305-6ce1-476f-8b30-cf49540ba17f","block_type":"box","text":"Fund","page_number":72,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"9d49ba09-1d19-4bc0-9676-cdb9c9b87bc0","block_type":"box","text":"P Acc (Net)","page_number":72,"box":{"x":309,"y":196,"width":82,"height":11}},{"id":"8e78608f-552d-4eb3-bb13-fc5a8a022c97","block_type":"box","text":"5.00","page_number":72,"box":{"x":459,"y":196,"width":32,"height":9}},{"id":"978985ba-ce67-445a-9a1a-b8a11e9786fe","block_type":"box","text":"8.40","page_number":72,"box":{"x":566,"y":196,"width":31,"height":9}},{"id":"758f0a0a-ce4f-4c06-86c5-db4e6d367662","block_type":"box","text":"18.90","page_number":72,"box":{"x":669,"y":196,"width":39,"height":9}},{"id":"4feadfab-700b-408e-9cb3-3172361e93e1","block_type":"box","text":"18.70","page_number":72,"box":{"x":775,"y":196,"width":40,"height":9}},{"id":"7ddfeed7-5bf3-4010-b72f-015d482b1d75","block_type":"box","text":"258.60","page_number":72,"box":{"x":877,"y":196,"width":50,"height":9}},{"id":"660d2e0b-9e51-4e75-b733-d74aaaba17da","block_type":"box","text":"Comparator","page_number":72,"box":{"x":49,"y":210,"width":88,"height":11}},{"id":"1a0fe954-7152-42cd-b15c-8b1794e1e6ae","block_type":"box","text":"Index","page_number":72,"box":{"x":309,"y":210,"width":39,"height":9}},{"id":"50189a22-bdcf-4e18-b464-537b2b63ddde","block_type":"box","text":"12.40","page_number":72,"box":{"x":456,"y":210,"width":39,"height":9}},{"id":"35f7e3af-ad34-418f-a961-28390dec1877","block_type":"box","text":"25.50","page_number":72,"box":{"x":561,"y":210,"width":41,"height":9}},{"id":"8f21cfa1-ef49-4c67-9295-cb73c9527e9d","block_type":"box","text":"62.90","page_number":72,"box":{"x":668,"y":210,"width":40,"height":9}},{"id":"ec64cb41-6514-41b4-9a57-91c14dd25c15","block_type":"box","text":"73.20","page_number":72,"box":{"x":774,"y":210,"width":41,"height":9}},{"id":"ee9f3aa1-d1b1-43ff-9db0-b92eb2908ff4","block_type":"box","text":"451.20","page_number":72,"box":{"x":877,"y":210,"width":50,"height":9}},{"id":"12ca9918-04c3-4a0b-ae50-99e0ecf943af","block_type":"box","text":"Discrete performance","page_number":72,"box":{"x":52,"y":254,"width":171,"height":11}},{"id":"ffe0f743-6b85-4e3a-b305-88023065cb2e","block_type":"box","text":"01 Jul 25 -","page_number":72,"box":{"x":436,"y":254,"width":83,"height":9}},{"id":"f378277b-99dd-4b77-a580-47be56c4fce7","block_type":"box","text":"03 Jul 26","page_number":72,"box":{"x":442,"y":269,"width":66,"height":8}},{"id":"b1495a42-4082-472c-9118-ae868b11df5a","block_type":"box","text":"01 Jul 24 -","page_number":72,"box":{"x":543,"y":254,"width":82,"height":9}},{"id":"a5c3ee94-f522-42fc-9320-f1552f12ef0f","block_type":"box","text":"30 Jun 25","page_number":72,"box":{"x":545,"y":269,"width":73,"height":8}},{"id":"3eba5bc1-756f-42b9-ad29-c1e47f60b4d3","block_type":"box","text":"01 Jul 23 -","page_number":72,"box":{"x":650,"y":254,"width":82,"height":9}},{"id":"a67cd327-8c81-4501-a670-0ee5c8bdca53","block_type":"box","text":"30 Jun 24","page_number":72,"box":{"x":652,"y":269,"width":72,"height":8}},{"id":"f0244b59-9266-44d4-ba83-7068fb2b56ed","block_type":"box","text":"01 Jul 22 -","page_number":72,"box":{"x":756,"y":254,"width":83,"height":9}},{"id":"67a89a4b-b885-4353-a8f3-4a438a01e1f0","block_type":"box","text":"30 Jun 23","page_number":72,"box":{"x":758,"y":269,"width":73,"height":8}},{"id":"fa4dface-e2e9-4edf-bb5a-5f6d80f46027","block_type":"box","text":"01 Jul 21 -","page_number":72,"box":{"x":864,"y":254,"width":82,"height":9}},{"id":"71bc4ca3-4dd2-4b64-964d-f09cac0db9b9","block_type":"box","text":"30 Jun 22","page_number":72,"box":{"x":866,"y":269,"width":72,"height":8}},{"id":"220dfab5-a7f8-4739-a1d5-bdd3289e8ce2","block_type":"box","text":"%","page_number":72,"box":{"x":468,"y":291,"width":13,"height":9}},{"id":"51fdb8c5-4b54-41f5-9804-7ea1a327c069","block_type":"box","text":"%","page_number":72,"box":{"x":575,"y":291,"width":13,"height":9}},{"id":"bfd9ca22-3bf4-46c2-9cb9-297c54057b46","block_type":"box","text":"%","page_number":72,"box":{"x":682,"y":291,"width":13,"height":9}},{"id":"a9ffef1c-7abf-4218-8cc1-8610c0cfe28a","block_type":"box","text":"%","page_number":72,"box":{"x":788,"y":291,"width":13,"height":9}},{"id":"7a14858a-ef33-429f-9554-4a71baf007ff","block_type":"box","text":"%","page_number":72,"box":{"x":896,"y":291,"width":13,"height":9}},{"id":"929466ca-580a-4687-85e3-b4950d0cab26","block_type":"box","text":"Fund","page_number":72,"box":{"x":50,"y":304,"width":36,"height":9}},{"id":"5ce7674f-3ad1-45f9-bec9-5c3efc83fa4a","block_type":"box","text":"P Acc (Net)","page_number":72,"box":{"x":309,"y":304,"width":82,"height":11}},{"id":"cc1e2911-553b-4751-94e1-45871eab1296","block_type":"box","text":"8.40","page_number":72,"box":{"x":459,"y":304,"width":32,"height":9}},{"id":"9db728f1-de88-44de-9dd4-b40a0f5b73f4","block_type":"box","text":"-3.00","page_number":72,"box":{"x":563,"y":304,"width":37,"height":9}},{"id":"64a341b7-ed7b-471d-b559-6982aea32541","block_type":"box","text":"13.20","page_number":72,"box":{"x":669,"y":304,"width":39,"height":9}},{"id":"581af8a0-277a-4dbc-9e1e-3d6c16e4bc15","block_type":"box","text":"6.30","page_number":72,"box":{"x":779,"y":304,"width":31,"height":9}},{"id":"912a69a2-a0bb-4f1a-bc0f-413009dfdf89","block_type":"box","text":"-5.80","page_number":72,"box":{"x":884,"y":304,"width":36,"height":9}},{"id":"b4e2dd66-65b2-479a-95ac-919793c9d7cc","block_type":"box","text":"Comparator","page_number":72,"box":{"x":49,"y":318,"width":88,"height":12}},{"id":"5611a68e-f3cc-4b34-b329-c5ddbd31500b","block_type":"box","text":"Index","page_number":72,"box":{"x":309,"y":319,"width":39,"height":8}},{"id":"1988f162-1324-4ba4-b5c3-9c1bb843a9e2","block_type":"box","text":"25.50","page_number":72,"box":{"x":454,"y":318,"width":41,"height":9}},{"id":"7d1970fe-86eb-4db7-b0b6-fa8ad9ceadc3","block_type":"box","text":"7.20","page_number":72,"box":{"x":566,"y":318,"width":31,"height":9}},{"id":"883a3547-e3e4-4172-b735-271c46a98239","block_type":"box","text":"20.10","page_number":72,"box":{"x":668,"y":318,"width":40,"height":9}},{"id":"1479dd55-971a-476a-b644-1d0075d29e48","block_type":"box","text":"11.30","page_number":72,"box":{"x":776,"y":318,"width":38,"height":9}},{"id":"ccae045f-f9d3-44f6-9053-75f2a25a9f94","block_type":"box","text":"-4.20","page_number":72,"box":{"x":884,"y":318,"width":36,"height":9}},{"id":"d6ff1474-ec30-4d22-826e-cb33c411883b","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":72,"box":{"x":43,"y":366,"width":220,"height":5}},{"id":"8870d857-5c85-4978-90a3-d3c1ed16eb9a","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":72,"box":{"x":43,"y":385,"width":444,"height":7}},{"id":"c729ba57-f439-4ba4-926e-04a5eb74978a","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":72,"box":{"x":42,"y":393,"width":445,"height":7}},{"id":"f63b4bda-6865-49ea-a4a6-5f9bf83cde81","block_type":"box","text":"reinvested.","page_number":72,"box":{"x":42,"y":402,"width":48,"height":5}},{"id":"ad11589d-dcca-4b0a-9100-a5d7f3c2a9df","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched","page_number":72,"box":{"x":42,"y":421,"width":445,"height":7}},{"id":"1838e53f-418b-498a-b2ec-af7b77b44a6e","block_type":"box","text":"on 15 October 2012. Performance prior to this date is from Sarasin Responsible Global Equity A","page_number":72,"box":{"x":42,"y":430,"width":446,"height":6}},{"id":"80183dd1-0595-4547-831f-0d8c151063d6","block_type":"box","text":"Acc. Prior to 28 November 2016, the sub-fund was named Sarasin EquiSar - Socially Responsible.","page_number":72,"box":{"x":42,"y":438,"width":439,"height":7}},{"id":"47339ab1-d8cf-4e8a-a764-7f3365d9ed7e","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting marketing@","page_number":72,"box":{"x":43,"y":458,"width":444,"height":6}},{"id":"4e8daa1e-85f5-4fd6-9bf4-f27e52a71e52","block_type":"box","text":"sarasin.co.uk.","page_number":72,"box":{"x":42,"y":466,"width":61,"height":5}},{"id":"3c928677-fb9b-433c-9aff-c617c32851c0","block_type":"box","text":"Performance","page_number":72,"box":{"x":43,"y":488,"width":101,"height":8}},{"id":"aeb5d457-4431-4892-984d-f49095164f77","block_type":"box","text":"The sub-fund returned 5.00% (net of charges) for the period","page_number":72,"box":{"x":42,"y":502,"width":450,"height":11}},{"id":"9ad91092-0e5f-41ff-bff0-14193a5e7d04","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 12.40% for the","page_number":72,"box":{"x":42,"y":516,"width":450,"height":11}},{"id":"856b7cb4-f7e9-4292-bae5-f1e08127ce26","block_type":"box","text":"comparator benchmark. The performance of the sub-fund","page_number":72,"box":{"x":42,"y":530,"width":450,"height":11}},{"id":"d233ee12-0192-4671-9f5f-9fb6cd9ab4e9","block_type":"box","text":"compared to the benchmark has again been challenging.","page_number":72,"box":{"x":42,"y":545,"width":450,"height":11}},{"id":"35c3b64c-93f4-4971-904f-7101d6544ae1","block_type":"box","text":"In particular, the extraordinary moves by the semiconductor","page_number":72,"box":{"x":43,"y":559,"width":449,"height":11}},{"id":"1627b017-d5e7-4756-80f0-760106241008","block_type":"box","text":"and memory stocks within the world equity index have been","page_number":72,"box":{"x":42,"y":573,"width":450,"height":11}},{"id":"f41fe32a-2e35-4ec9-b815-b04b078e84b6","block_type":"box","text":"extremely hard to match. Yes, the sub-fund has exposure to","page_number":72,"box":{"x":42,"y":587,"width":450,"height":12}},{"id":"682a28dc-9e86-437f-b28c-cdc4753e77c0","block_type":"box","text":"these sectors in the US and Asia, but not at market weights.","page_number":72,"box":{"x":42,"y":602,"width":450,"height":11}},{"id":"c75887c7-0d5b-443d-a547-45f18d00fc8b","block_type":"box","text":"More generally, the accelerating AI boom has created one","page_number":72,"box":{"x":43,"y":616,"width":449,"height":11}},{"id":"b1cae912-f1a7-4ec8-a67e-358523ffef2f","block_type":"box","text":"of the most powerful momentum-led rallies in recent years,","page_number":72,"box":{"x":42,"y":630,"width":450,"height":11}},{"id":"ff2e9dde-d5d9-4abf-992b-ba8f28701a84","block_type":"box","text":"and those diversifying into ‘quality’ or more defensive","page_number":72,"box":{"x":42,"y":644,"width":450,"height":12}},{"id":"f1a395ff-d669-46c4-848c-e2fc36f59ecd","block_type":"box","text":"equity holdings have inevitably underperformed. We are","page_number":72,"box":{"x":42,"y":659,"width":450,"height":11}},{"id":"8ccd16f5-16e8-44b1-8ccc-114b85ad9195","block_type":"box","text":"no exception, given that our thematic stocks typically tend","page_number":72,"box":{"x":43,"y":673,"width":449,"height":11}},{"id":"cc33622f-f71d-4d77-a06b-ac36ed495c22","block_type":"box","text":"to show higher returns on equity, lower financial leverage,","page_number":72,"box":{"x":42,"y":687,"width":444,"height":11}},{"id":"f852af68-fdc1-4a7f-ac32-8da26abdcf36","block_type":"box","text":"and more stable earnings growth, which have often been","page_number":72,"box":{"x":42,"y":701,"width":444,"height":12}},{"id":"6236a332-7f2a-49be-a05d-9934ef842d99","block_type":"box","text":"overlooked in the recent market rally. There are signs that","page_number":72,"box":{"x":42,"y":716,"width":445,"height":11}},{"id":"3ab22e11-0040-4054-911d-2c20b08a89c1","block_type":"box","text":"market leadership may be broadening beyond a narrow","page_number":72,"box":{"x":43,"y":730,"width":444,"height":11}},{"id":"56920d88-b9d4-4673-abf3-e7e2b279207f","block_type":"box","text":"group of AI winners, which would be beneficial for our","page_number":72,"box":{"x":42,"y":744,"width":446,"height":11}},{"id":"644cacd7-74f8-4ce0-aa6d-9d6fa55ca1d7","block_type":"box","text":"thematic equity approach.","page_number":72,"box":{"x":42,"y":759,"width":191,"height":11}},{"id":"68bcc18c-780c-4e1b-94b6-a326b6d753dd","block_type":"box","text":"Review","page_number":72,"box":{"x":43,"y":784,"width":57,"height":8}},{"id":"14fabc1e-2dee-4b8f-b820-5004937f0800","block_type":"box","text":"Disruption resulting from the US imposition of tariffs and a","page_number":72,"box":{"x":43,"y":798,"width":444,"height":11}},{"id":"61cb3454-6866-46b9-b528-63f948443e40","block_type":"box","text":"surge in energy prices following the start of the war in Iran","page_number":72,"box":{"x":42,"y":812,"width":444,"height":11}},{"id":"58676d91-8562-4aaf-b001-155d57f111e5","block_type":"box","text":"negatively affected investor sentiment during the opening","page_number":72,"box":{"x":43,"y":826,"width":443,"height":11}},{"id":"b74d2320-960f-4a74-879c-41910639f966","block_type":"box","text":"months of the year. The uncertainty caused investors to","page_number":72,"box":{"x":43,"y":840,"width":449,"height":12}},{"id":"e77d64d6-a008-4fbd-8206-c3bdbc931009","block_type":"box","text":"become increasingly concerned about inflation risks, which","page_number":72,"box":{"x":43,"y":855,"width":449,"height":11}},{"id":"ae90d1d8-2c96-43f7-ae68-df9fdfb2939e","block_type":"box","text":"led to weak performance across global stock markets.","page_number":72,"box":{"x":43,"y":869,"width":398,"height":11}},{"id":"59de286f-2bff-439f-8db3-1aef68c6a11c","block_type":"box","text":"However, investor sentiment towards the stock market","page_number":72,"box":{"x":43,"y":894,"width":449,"height":10}},{"id":"7964b189-0701-4361-991b-5653bf981c08","block_type":"box","text":"improved as the period progressed. It was boosted by a","page_number":72,"box":{"x":43,"y":908,"width":449,"height":11}},{"id":"fe367a81-a544-47d7-b4bf-a50acd599c51","block_type":"box","text":"de-escalation in the conflict in the Middle East that led to a","page_number":72,"box":{"x":42,"y":922,"width":445,"height":9}},{"id":"a829e8b9-4fb6-46c1-a183-ba1f75809f1f","block_type":"box","text":"sharp fall in oil prices from their April peak.","page_number":72,"box":{"x":42,"y":937,"width":314,"height":11}},{"id":"987d329a-a7f5-4a64-8e69-97a3bff69258","block_type":"box","text":"The easing of energy concerns allowed markets to refocus on","page_number":72,"box":{"x":512,"y":368,"width":450,"height":11}},{"id":"508a9c40-4d5d-4b3c-afd4-840a09d5780d","block_type":"box","text":"Artificial Intelligence (AI), pushing technology stocks higher.","page_number":72,"box":{"x":512,"y":382,"width":450,"height":11}},{"id":"bc08a16e-79f4-4d7c-8cd7-c727cba01cf8","block_type":"box","text":"Further boosts came from companies raising their spending","page_number":72,"box":{"x":513,"y":396,"width":449,"height":12}},{"id":"0ef7e533-8d30-42bc-b57a-b45f84f8cd61","block_type":"box","text":"plans for the year and upgraded global earnings forecasts.","page_number":72,"box":{"x":513,"y":411,"width":449,"height":11}},{"id":"c77433c1-8f09-48fd-8ea2-88ac9f01a515","block_type":"box","text":"Shares delivered strong gains. Emerging markets fared","page_number":72,"box":{"x":512,"y":425,"width":450,"height":11}},{"id":"dd615fdc-a1a2-44cf-be97-05fb7c501f53","block_type":"box","text":"best, driven by the heavy weighting of semiconductor and","page_number":72,"box":{"x":513,"y":439,"width":449,"height":11}},{"id":"97049fe6-3519-4fc5-a40c-d06909e867b6","block_type":"box","text":"IT hardware companies in the index. Japan also performed","page_number":72,"box":{"x":513,"y":453,"width":449,"height":11}},{"id":"d6f9617c-fc1f-45be-8f22-c6f862bff749","block_type":"box","text":"strongly, supported by a weak currency and expectations of","page_number":72,"box":{"x":512,"y":468,"width":450,"height":11}},{"id":"0535318b-d4a2-44bf-8466-999b1056c86e","block_type":"box","text":"higher government spending. Meanwhile, UK equities were","page_number":72,"box":{"x":513,"y":482,"width":449,"height":11}},{"id":"bbde8a29-9a45-4cbc-92e5-2b3be6708079","block_type":"box","text":"relatively resilient due to a weaker sterling.","page_number":72,"box":{"x":513,"y":496,"width":314,"height":11}},{"id":"410310b6-332b-4150-aae5-43ce467359ca","block_type":"box","text":"Positives","page_number":72,"box":{"x":513,"y":521,"width":72,"height":9}},{"id":"6d1d4224-6732-49f4-bbea-3d4ac510bff2","block_type":"box","text":"Among the sub-fund’s holdings, ASML Holding, a leading","page_number":72,"box":{"x":512,"y":535,"width":450,"height":12}},{"id":"19e99dee-e604-418a-a218-044e50b43012","block_type":"box","text":"manufacturer of semiconductor production equipment,","page_number":72,"box":{"x":513,"y":550,"width":449,"height":11}},{"id":"d6d33f0d-7c5c-4e2f-b65e-368598bef80d","block_type":"box","text":"delivered strong performance throughout the period. This","page_number":72,"box":{"x":512,"y":564,"width":450,"height":11}},{"id":"7e541296-8ec9-4d9f-a575-c63d3a112adf","block_type":"box","text":"was driven by record-breaking new orders, profit margins","page_number":72,"box":{"x":512,"y":578,"width":450,"height":11}},{"id":"5997cad9-13f7-4645-8439-c374cadc190d","block_type":"box","text":"that were at the upper end of expectations and an increase","page_number":72,"box":{"x":512,"y":592,"width":450,"height":11}},{"id":"c779355c-4738-410f-959a-5f584c70025b","block_type":"box","text":"in projected revenues for the full year.","page_number":72,"box":{"x":513,"y":607,"width":277,"height":11}},{"id":"b9c978a3-5aa6-49bb-9601-c3fbac0bb53c","block_type":"box","text":"Another holding which delivered strong returns was SK","page_number":72,"box":{"x":512,"y":632,"width":450,"height":11}},{"id":"871fc2f9-ebee-4489-aa8c-4e0cabd2e807","block_type":"box","text":"Hynix. The company announced record Quarter 1 2026","page_number":72,"box":{"x":513,"y":646,"width":449,"height":11}},{"id":"74cc85a4-e43c-46f5-8680-4b9b1e07ad54","block_type":"box","text":"results, with operating profit nearly doubling and operating","page_number":72,"box":{"x":513,"y":660,"width":449,"height":11}},{"id":"c6a4d241-7791-4d73-9532-34afccdbfc78","block_type":"box","text":"margins also up substantially, as AI infrastructure investment","page_number":72,"box":{"x":513,"y":674,"width":449,"height":12}},{"id":"e540b06d-26d7-46fa-aef2-7b1fc51e8c42","block_type":"box","text":"continued to outpace the supply of memory.","page_number":72,"box":{"x":512,"y":689,"width":323,"height":11}},{"id":"4109bc68-ce8d-40fd-8fa9-6a8db3e33c07","block_type":"box","text":"The shares of consumer products company","page_number":72,"box":{"x":512,"y":714,"width":445,"height":11}},{"id":"79e56fcb-da68-4197-b02f-55aa00dd05e9","block_type":"box","text":"Colgate-Palmolive performed well as the company","page_number":72,"box":{"x":512,"y":728,"width":445,"height":11}},{"id":"1621dad9-4a67-4633-b094-b6f9217a8e03","block_type":"box","text":"maintained its upward momentum. This was largely a result","page_number":72,"box":{"x":513,"y":742,"width":444,"height":11}},{"id":"071e9758-9545-4f14-b6de-822f0fbb2997","block_type":"box","text":"of better-than-expected results for the final quarter of 2025","page_number":72,"box":{"x":512,"y":756,"width":444,"height":11}},{"id":"7680bc12-ff3e-4624-bb1d-8f00d3998bdf","block_type":"box","text":"and a strategy aimed at maintaining growth over the next","page_number":72,"box":{"x":512,"y":771,"width":445,"height":11}},{"id":"131d7f14-1303-45cd-8bc4-455dda4c4b39","block_type":"box","text":"five years.","page_number":72,"box":{"x":512,"y":785,"width":75,"height":11}},{"id":"90f9f4ac-6f18-44ab-befc-7f2da5c5a5cb","block_type":"box","text":"72","page_number":73,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"51648183-7a82-4fcd-ad6e-d2710df9ade9","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":73,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"0fb03c5b-10a7-4ec6-a8d4-6fb433d0620c","block_type":"box","text":"Negatives","page_number":73,"box":{"x":43,"y":95,"width":77,"height":11}},{"id":"6bb4c736-4d76-4fc9-bb35-2721df1b3962","block_type":"box","text":"Our holding in Netflix, the subscription streaming service,","page_number":73,"box":{"x":43,"y":109,"width":449,"height":12}},{"id":"28595fea-7b1f-40fb-9a32-ab70075f7fd3","block_type":"box","text":"detracted despite the release of results that were ahead of","page_number":73,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"bfeb5578-b835-43c1-ac5f-5be9f9a736bf","block_type":"box","text":"expectations. Investors focused instead on a disappointing","page_number":73,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"e25152ca-3cce-4687-9beb-25ca2ed03f6b","block_type":"box","text":"outlook for revenue and operating income, plus unchanged","page_number":73,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"522bbb79-5905-492c-a636-40e35e7f71fc","block_type":"box","text":"full-year revenue guidance. The latter frustrated investors","page_number":73,"box":{"x":42,"y":166,"width":450,"height":12}},{"id":"1aec5a3a-4711-4e4e-8188-d35159cdf2cc","block_type":"box","text":"hoping that a price increase for US subscribers would lift","page_number":73,"box":{"x":43,"y":181,"width":449,"height":11}},{"id":"653fdabe-fac9-4eba-9af4-21e31aa16353","block_type":"box","text":"the overall outlook. The company also announced that","page_number":73,"box":{"x":42,"y":195,"width":450,"height":11}},{"id":"1a59827f-bf7a-4958-b397-fecd6983ae74","block_type":"box","text":"co-founder Reed Hastings would not stand for re-election","page_number":73,"box":{"x":42,"y":209,"width":450,"height":11}},{"id":"7b36d252-929f-4646-bb7f-f9ffa051d191","block_type":"box","text":"to the board; he subsequently stepped down at the annual","page_number":73,"box":{"x":42,"y":224,"width":450,"height":11}},{"id":"484bb96f-8d12-45c6-b94a-353b2e2f6b40","block_type":"box","text":"meeting in June.","page_number":73,"box":{"x":43,"y":238,"width":121,"height":11}},{"id":"0544a4e4-df4d-4edc-912b-ed08734cfd63","block_type":"box","text":"Microsoft’s shares sold off on concerns about the software","page_number":73,"box":{"x":43,"y":263,"width":449,"height":9}},{"id":"4abd09f6-c5d2-406b-a6ff-a2bafa24a9fc","block_type":"box","text":"firm’s higher spending on AI. Investors were also concerned","page_number":73,"box":{"x":42,"y":277,"width":450,"height":11}},{"id":"9c8f57a7-b84c-419e-85f3-7e310923e180","block_type":"box","text":"about its high exposure to research company OpenAI.","page_number":73,"box":{"x":42,"y":291,"width":400,"height":11}},{"id":"f65e7768-ccb3-4edd-bbae-ceba7c319d1d","block_type":"box","text":"Shares of ServiceNow, a software specialist, were weaker","page_number":73,"box":{"x":43,"y":316,"width":449,"height":11}},{"id":"3e9bf946-210c-4d40-877e-f92922882b0d","block_type":"box","text":"after the company announced its fourth quarter 2025 results.","page_number":73,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"ca4e15cf-938a-4c98-973f-0b6d1ccef605","block_type":"box","text":"The weakness was despite performance that was better than","page_number":73,"box":{"x":42,"y":345,"width":450,"height":11}},{"id":"9ddb4146-3ec3-4507-8dbf-8d11167bb1ea","block_type":"box","text":"expectations and guidance for the full year 2026 coming in","page_number":73,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"58ddbb39-a627-4ccd-80e8-e4c9597ab6ae","block_type":"box","text":"ahead of consensus.","page_number":73,"box":{"x":42,"y":373,"width":153,"height":9}},{"id":"07780633-b82a-4581-ad54-9f549d2da3ec","block_type":"box","text":"Transactions","page_number":73,"box":{"x":42,"y":398,"width":103,"height":9}},{"id":"60a9d777-6f01-4616-a3dd-9bf8d21d62b4","block_type":"box","text":"We started a position in Citigroup, a global bank which is","page_number":73,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"8a930e7b-6137-48ef-bd86-32ea22b1167c","block_type":"box","text":"reaching the end of a multi-year restructuring plan. The firm","page_number":73,"box":{"x":43,"y":427,"width":449,"height":11}},{"id":"9462b7a2-133f-4b85-a5ba-25874a0ad617","block_type":"box","text":"now has a greater focus on growth. We see signs of progress","page_number":73,"box":{"x":43,"y":441,"width":449,"height":11}},{"id":"14cadc1c-78bf-401b-af5a-48355d3bb353","block_type":"box","text":"towards this goal, and valuations are supportive, making it","page_number":73,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"63c5d393-24d9-43aa-9d26-4e0d2320c16b","block_type":"box","text":"one of the cheaper financial stocks in the US.","page_number":73,"box":{"x":42,"y":469,"width":335,"height":11}},{"id":"96359989-bd3d-4556-8e59-cf29f052a3fd","block_type":"box","text":"We also took a holding in Infineon Technologies, the market","page_number":73,"box":{"x":42,"y":494,"width":450,"height":12}},{"id":"26668b7c-8fc3-4bde-975d-38c2d3b5814a","block_type":"box","text":"leader in automotive power semiconductors. In our view,","page_number":73,"box":{"x":43,"y":509,"width":449,"height":11}},{"id":"73d8ee9b-a158-4312-b95d-da5491b1a9d0","block_type":"box","text":"power semiconductors are likely to be the next bottleneck","page_number":73,"box":{"x":43,"y":523,"width":449,"height":11}},{"id":"56588a53-bd97-45c0-8cb6-0e3925b9d873","block_type":"box","text":"in data centre construction as the industry transitions to new","page_number":73,"box":{"x":43,"y":537,"width":449,"height":11}},{"id":"5a9983dd-fc30-45eb-af08-eda6166ec29d","block_type":"box","text":"technology.","page_number":73,"box":{"x":42,"y":551,"width":83,"height":12}},{"id":"e550c1ed-f616-408c-8320-d7a7ba57d51b","block_type":"box","text":"Another new holding was Hoya, which manufactures optical","page_number":73,"box":{"x":42,"y":576,"width":450,"height":12}},{"id":"93274ac8-fc1b-4459-b751-56795dee0108","block_type":"box","text":"glass, and has diversified into healthcare. We believe that","page_number":73,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"cf51b69d-c8f4-4b27-99bf-ec684995ed41","block_type":"box","text":"the company offers exposure to attractive structural growth","page_number":73,"box":{"x":42,"y":605,"width":450,"height":11}},{"id":"9dd762b6-c40a-425e-b167-bfd3184caab3","block_type":"box","text":"opportunities.","page_number":73,"box":{"x":42,"y":619,"width":99,"height":11}},{"id":"6ac1ec97-72c1-43b1-a7a3-f0f907de806f","block_type":"box","text":"Sales","page_number":73,"box":{"x":42,"y":644,"width":43,"height":9}},{"id":"dba3203e-78d6-44e0-8b1d-a451a4770727","block_type":"box","text":"We completed the sale of our holding in lift manufacturer","page_number":73,"box":{"x":42,"y":658,"width":450,"height":12}},{"id":"1217e366-9e09-4d07-aa9e-85895bb2b305","block_type":"box","text":"Otis Worldwide. We felt that the company faced headwinds","page_number":73,"box":{"x":43,"y":672,"width":449,"height":12}},{"id":"54b87a08-5eaf-4dd5-b0a7-d6c0aeebf48b","block_type":"box","text":"in its service business, which could act as a drag on its future","page_number":73,"box":{"x":43,"y":687,"width":444,"height":11}},{"id":"f8ee2be9-74c0-4d60-ae4f-099716672f4f","block_type":"box","text":"financial performance.","page_number":73,"box":{"x":42,"y":701,"width":164,"height":11}},{"id":"6a67bc46-c77e-4b36-9dab-d2fac7b562fa","block_type":"box","text":"Another disposal was Fortinet, a US-based cybersecurity","page_number":73,"box":{"x":42,"y":726,"width":445,"height":11}},{"id":"f342cb84-de39-49ed-8e5d-43020ff1c5d0","block_type":"box","text":"company. We reassessed our conviction in the software","page_number":73,"box":{"x":42,"y":740,"width":445,"height":11}},{"id":"569dd216-b485-4600-aa1e-4ad4ac1ede69","block_type":"box","text":"sector's resilience amid accelerating disruption from AI.","page_number":73,"box":{"x":42,"y":754,"width":444,"height":12}},{"id":"c7c1ab15-13f0-4e20-9c3a-462dd638bd63","block_type":"box","text":"We believe the broader software sector faces structural","page_number":73,"box":{"x":42,"y":769,"width":444,"height":9}},{"id":"e2aa1331-cdcd-4015-b5b6-dfa8e2554458","block_type":"box","text":"headwinds as AI increasingly automates and displaces","page_number":73,"box":{"x":43,"y":783,"width":444,"height":11}},{"id":"633a2ac7-1443-4405-811b-b8da1a78225a","block_type":"box","text":"traditional software-based solutions.","page_number":73,"box":{"x":42,"y":797,"width":266,"height":9}},{"id":"7ac911d2-7636-46bb-87aa-f7a097bae838","block_type":"box","text":"We also exited the position in professional services firm","page_number":73,"box":{"x":42,"y":822,"width":444,"height":11}},{"id":"417bb556-0e82-4e06-96c2-5d3d69a5d1a9","block_type":"box","text":"Marsh & McLennan Cos. We had lost confidence in the firm’s","page_number":73,"box":{"x":43,"y":836,"width":444,"height":9}},{"id":"daca51b5-b8e3-4d58-a6c5-357c55c6cf5b","block_type":"box","text":"ability to withstand the impact of AI on its business model.","page_number":73,"box":{"x":42,"y":851,"width":427,"height":11}},{"id":"94ceca8f-53ef-411c-950c-bf331fd92b10","block_type":"box","text":"Outlook","page_number":73,"box":{"x":512,"y":79,"width":63,"height":9}},{"id":"d510b4e4-5c94-4116-aadb-909161e8c887","block_type":"box","text":"Global equity markets are being shaped by easing oil supply","page_number":73,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"dc29428e-2298-4135-874a-17ce597ab763","block_type":"box","text":"concerns and major stock market listings by large technology","page_number":73,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"27364094-734f-47d0-83d2-ec7625e940e7","block_type":"box","text":"companies. Investor confidence had been improving, but the","page_number":73,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"e024833f-a30a-48f1-a879-d6f704b82bb6","block_type":"box","text":"US-Iran ceasefire – brokered in April – came close to collapse","page_number":73,"box":{"x":513,"y":136,"width":449,"height":11}},{"id":"fd05ea5e-ed77-4776-8169-d61cfce83786","block_type":"box","text":"in early July after President Trump declared it 'over' and the","page_number":73,"box":{"x":513,"y":150,"width":449,"height":12}},{"id":"6d2db334-2d65-4d43-9382-e5565e502253","block_type":"box","text":"two sides exchanged several days of strikes. Diplomatic","page_number":73,"box":{"x":512,"y":165,"width":450,"height":11}},{"id":"b1f724fd-a190-4771-92d3-41d3dd021413","block_type":"box","text":"efforts to restore the truce are ongoing, and markets are","page_number":73,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"88905231-1c99-48a8-a9fb-a226bf2bfd92","block_type":"box","text":"watching closely for signs of a durable resolution.","page_number":73,"box":{"x":512,"y":193,"width":364,"height":11}},{"id":"af513e39-8d2b-46e9-93c3-c3a9b6b2e8d4","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":73,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"21428126-95eb-4f7d-9ffd-8e378ea2e5b9","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":73,"box":{"x":513,"y":232,"width":449,"height":12}},{"id":"959e745b-5817-482d-9e6f-aa40ae50ba4b","block_type":"box","text":"offering), with Anthropic expected to follow later this year, and","page_number":73,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"fc571671-8959-4d34-9684-edb794704607","block_type":"box","text":"OpenAI potentially waiting until 2027. However, questions","page_number":73,"box":{"x":512,"y":261,"width":450,"height":11}},{"id":"2891f9f9-dc1e-49dd-8a6a-b8ddf45eb377","block_type":"box","text":"remain about the future valuations of these companies and","page_number":73,"box":{"x":513,"y":275,"width":449,"height":11}},{"id":"4829f335-d514-4fa5-b320-76ce4d555a7e","block_type":"box","text":"whether markets can absorb the new supply of shares. More","page_number":73,"box":{"x":512,"y":289,"width":450,"height":12}},{"id":"43c0a099-935b-4b6a-8120-7b74edb52ede","block_type":"box","text":"broadly, equity markets are being supported by potential","page_number":73,"box":{"x":513,"y":304,"width":449,"height":11}},{"id":"ebf8c11c-744e-4535-b358-7821cf9b7812","block_type":"box","text":"long-term AI-linked productivity gains and AI-driven demand","page_number":73,"box":{"x":513,"y":318,"width":449,"height":11}},{"id":"75713c28-fbf9-4de4-a33d-dd3208f0d7bd","block_type":"box","text":"for new data centres.","page_number":73,"box":{"x":512,"y":332,"width":155,"height":9}},{"id":"72c3f3c0-61ee-4d3e-83c8-7ae42de62e71","block_type":"box","text":"We continue to focus on high-quality companies with","page_number":73,"box":{"x":512,"y":357,"width":450,"height":11}},{"id":"43f4818d-a792-4b16-b5c2-1afe7c74badb","block_type":"box","text":"higher returns on equity, stable earnings growth and lower","page_number":73,"box":{"x":513,"y":372,"width":449,"height":11}},{"id":"193381b0-81fc-400f-ae39-d45a40b42485","block_type":"box","text":"borrowings, which should offer some downside protection in","page_number":73,"box":{"x":513,"y":386,"width":449,"height":11}},{"id":"11930441-344b-46f5-accb-e3ab9357a5f2","block_type":"box","text":"case of economic headwinds.","page_number":73,"box":{"x":512,"y":400,"width":218,"height":9}},{"id":"615c7598-6a27-4fa1-a52d-a93575402589","block_type":"box","text":"Tom Wildgoose","page_number":73,"box":{"x":512,"y":486,"width":114,"height":11}},{"id":"aa5bafaa-ddcd-466e-9d1c-69ff7febe951","block_type":"box","text":"Senior Portfolio Manager – Global Equities","page_number":73,"box":{"x":512,"y":500,"width":316,"height":11}},{"id":"5adf46dd-54d4-4b0f-8f86-a7ae28f5b97b","block_type":"box","text":"Sarasin & Partners LLP","page_number":73,"box":{"x":512,"y":514,"width":174,"height":9}},{"id":"28decd90-63d9-4529-972d-feb9e68ac377","block_type":"box","text":"28 July 2026","page_number":73,"box":{"x":512,"y":528,"width":94,"height":11}},{"id":"4cbe122d-ab43-4513-b49e-6d578c0110e3","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":73,"box":{"x":512,"y":563,"width":445,"height":9}},{"id":"1d348a28-62ad-441b-944e-10a6bf965ea1","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":73,"box":{"x":511,"y":574,"width":446,"height":9}},{"id":"4de07b3b-9f9f-4d5f-ab19-fdeb21938b5b","block_type":"box","text":"without notice.","page_number":73,"box":{"x":512,"y":586,"width":84,"height":7}},{"id":"fa6eff6d-e4d6-4d44-9514-9a97174f3877","block_type":"box","text":"Top 10 purchases during the period","page_number":73,"box":{"x":512,"y":635,"width":283,"height":11}},{"id":"54d73ca1-61b6-46ad-ba22-e739c83c65b4","block_type":"box","text":"National Bank of Greece","page_number":73,"box":{"x":513,"y":649,"width":181,"height":9}},{"id":"b1403f18-e996-4504-a9da-86a443b03da5","block_type":"box","text":"AIA Group","page_number":73,"box":{"x":512,"y":662,"width":76,"height":11}},{"id":"40190745-d24f-4a8a-b70a-a738c4cdf62f","block_type":"box","text":"Ecolab","page_number":73,"box":{"x":513,"y":676,"width":49,"height":8}},{"id":"01e2ebd5-3510-4f1b-a0da-121f2b492896","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":73,"box":{"x":512,"y":689,"width":395,"height":11}},{"id":"472ca56a-a66e-4a1d-a18c-fbdb2cf24fa4","block_type":"box","text":"SK Hynix","page_number":73,"box":{"x":512,"y":702,"width":69,"height":11}},{"id":"90210097-c80c-4643-b7b5-56f4056fe659","block_type":"box","text":"Citigroup","page_number":73,"box":{"x":512,"y":716,"width":66,"height":11}},{"id":"b0f0a3b2-d772-4f58-a9ae-ff1adb729409","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":73,"box":{"x":513,"y":729,"width":195,"height":11}},{"id":"c063c171-3088-456a-a793-2ac9766368dc","block_type":"box","text":"EssilorLuxottica","page_number":73,"box":{"x":513,"y":743,"width":115,"height":8}},{"id":"788f4006-6316-4023-b50b-7cbd9eccd32a","block_type":"box","text":"Industria de Diseno Textil","page_number":73,"box":{"x":513,"y":756,"width":185,"height":9}},{"id":"515cef51-3a5f-47cf-880f-e94d1ebc013a","block_type":"box","text":"GSK","page_number":73,"box":{"x":512,"y":769,"width":35,"height":9}},{"id":"0e0d6932-d1fc-46bf-a348-4cc230a7a513","block_type":"box","text":"Top 10 sales during the period","page_number":73,"box":{"x":512,"y":788,"width":241,"height":12}},{"id":"ba5a6643-8ddf-479c-84ce-92acc1d2a75e","block_type":"box","text":"Alphabet 'A'","page_number":73,"box":{"x":512,"y":802,"width":87,"height":11}},{"id":"5a81a938-35ce-4fbd-8428-e1835326e5d3","block_type":"box","text":"Marsh & McLennan Cos","page_number":73,"box":{"x":513,"y":815,"width":178,"height":9}},{"id":"67c969ab-557b-4143-a9b8-40096e9b81d9","block_type":"box","text":"Colgate-Palmolive","page_number":73,"box":{"x":512,"y":828,"width":135,"height":12}},{"id":"5a22e4bb-999a-4586-9677-c61c7b1e398a","block_type":"box","text":"Keyence","page_number":73,"box":{"x":513,"y":842,"width":63,"height":11}},{"id":"f17a2655-dd8e-4571-8e5f-ecc0efbfe396","block_type":"box","text":"Ross Stores","page_number":73,"box":{"x":513,"y":855,"width":89,"height":9}},{"id":"30212aba-2234-440e-9f69-74198849408c","block_type":"box","text":"Otis Worldwide","page_number":73,"box":{"x":512,"y":869,"width":112,"height":9}},{"id":"16fc1f6c-a6a8-4322-97fc-ca4fe61c40b4","block_type":"box","text":"NVIDIA","page_number":73,"box":{"x":513,"y":882,"width":55,"height":9}},{"id":"82cffffa-b0b0-45ae-a931-9b7ac2af5561","block_type":"box","text":"Fortinet","page_number":73,"box":{"x":513,"y":896,"width":55,"height":8}},{"id":"5f9c555a-6218-43b0-9c23-235ffab0137c","block_type":"box","text":"Givaudan","page_number":73,"box":{"x":512,"y":909,"width":70,"height":9}},{"id":"b78dcd10-aeea-4464-97cb-42ed8890ecbe","block_type":"box","text":"Amazon.com","page_number":73,"box":{"x":512,"y":922,"width":97,"height":9}},{"id":"db76395e-c17d-4708-b33a-a62fde91d5b5","block_type":"box","text":"Investment Review (continued)","page_number":73,"box":{"x":43,"y":79,"width":295,"height":14}},{"id":"146345e8-6250-4c3d-a195-005d486eb536","block_type":"box","text":"73","page_number":74,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"cd12b4f7-ae35-4155-8d2b-d3872461b20c","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":74,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"38defe52-1c0c-458e-8e3a-f678bfc9857b","block_type":"box","text":"Sub-fund Information","page_number":74,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"32a9e0df-abb9-485e-807b-d2c112f9205a","block_type":"box","text":"Risk and Reward Profile","page_number":74,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"4e0aca9a-7cdc-459b-a53b-e33ce6d115b8","block_type":"box","text":"0","page_number":74,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"f25db9f8-e52b-4479-8173-0fe22738c3bc","block_type":"box","text":"Lower2","page_number":74,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"e99f002a-2636-49ff-866c-a838150d286a","block_type":"box","text":"er2","page_number":74,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"d7398205-2c9b-4dca-9190-7d20bc1a4bdb","block_type":"box","text":"risk","page_number":74,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"2976e026-b5bd-4ec4-b23e-f3bc1427551d","block_type":"box","text":"Higher","page_number":74,"box":{"x":887,"y":145,"width":42,"height":8}},{"id":"77daa180-5529-4e68-9794-131fd17bbcb0","block_type":"box","text":"risk","page_number":74,"box":{"x":934,"y":145,"width":23,"height":6}},{"id":"25296a33-a762-4c86-8de1-67b69daf5dea","block_type":"box","text":"Typically","page_number":74,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"93e230f3-b426-4848-9f9a-0dfb83fe97e1","block_type":"box","text":"lower rewards","page_number":74,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"152f3841-e6f1-425f-9651-fd58cb84ad96","block_type":"box","text":"Typically","page_number":74,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"76c968f0-453e-453f-8c07-ccc2212c97a9","block_type":"box","text":"higher rewards","page_number":74,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"e5a2ae78-8bb6-4c30-878a-c33911f5a659","block_type":"box","text":"1","page_number":74,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"dc477731-7730-4ad4-8bc0-0a5f0fce8e62","block_type":"box","text":"2","page_number":74,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"9c46edb1-4bf0-47c0-85b5-d5a1548e7459","block_type":"box","text":"3","page_number":74,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"5b425e45-cce3-4956-be01-b8d7ea64d0bb","block_type":"box","text":"4","page_number":74,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"23616e7f-c8d2-4098-a7ff-2be153505f6d","block_type":"box","text":"5","page_number":74,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"4d0cf481-f36b-49b2-acd6-c5b50fde9f43","block_type":"box","text":"6","page_number":74,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"8b7da75f-cb1e-4f5b-bea4-d4e9f2ef8f52","block_type":"box","text":"7","page_number":74,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"eec86ac0-6b85-41c6-ac8e-f59caa020c87","block_type":"box","text":"•","page_number":74,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"d1eed77f-ca9e-4a30-972d-ca2d40c83f9e","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":74,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"60f6b61f-ca45-4edb-94cc-dcc0d87a43a5","block_type":"box","text":"•","page_number":74,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"23e7ebb9-61f5-48a4-9821-4541c78a7b4b","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":74,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"49280f77-dea2-4d2f-8dde-194a704ff44c","block_type":"box","text":"•","page_number":74,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"59b1bffb-4250-403a-bcbc-13e13e060203","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":74,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"0ee46afa-d647-4590-9d70-78f826b1fc2f","block_type":"box","text":"The Risk and Reward Indicator","page_number":74,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"54c6d1fe-403c-4735-ae62-887b3dd23c7f","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":74,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"ef799f3f-ef3e-4a8a-9b08-05031e769767","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":74,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"6a4f87c7-b9b3-4118-9919-82274f095462","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":74,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"1f1f185f-3be4-4b8c-9d3d-9291e544c34f","block_type":"box","text":"but the greater the risk of losing money.","page_number":74,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"dd5c100a-f6ac-44e4-8be6-3556594cff06","block_type":"box","text":"The sub-fund is ranked at 5 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":74,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"5a02f008-b7ef-46e1-b9ab-116b1ca5490c","block_type":"box","text":"higher levels of volatility historically.","page_number":74,"box":{"x":43,"y":359,"width":267,"height":11}},{"id":"599d9054-bef3-4fcd-81ac-9d2928c640b3","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":74,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"68ca209e-1a93-428e-9095-19b6e696e2ac","block_type":"box","text":"Concentration Risk:","page_number":74,"box":{"x":43,"y":398,"width":159,"height":9}},{"id":"5d069568-d83b-4a6a-a96e-3883ade31854","block_type":"box","text":"The sub-fund holds a small number of investments, and therefore a decline in the value of a single","page_number":74,"box":{"x":203,"y":398,"width":759,"height":11}},{"id":"9c5ae203-4d47-476e-bef5-3a5a8cc7c1b3","block_type":"box","text":"investment may have a greater impact than if it held a larger number of investments.","page_number":74,"box":{"x":43,"y":412,"width":623,"height":12}},{"id":"e9161227-5e0f-461e-bba8-fbfdb2ba4c00","block_type":"box","text":"Emerging Market Risk:","page_number":74,"box":{"x":43,"y":437,"width":186,"height":11}},{"id":"c1f3e5d2-43dc-4978-a2bf-386513e3832b","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":74,"box":{"x":229,"y":437,"width":733,"height":11}},{"id":"32eee5f4-d139-44ff-b342-1cc7f6c404f9","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":74,"box":{"x":43,"y":451,"width":919,"height":12}},{"id":"8f2332b1-5979-4d11-933c-c549eadb7906","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":74,"box":{"x":42,"y":466,"width":777,"height":11}},{"id":"65c69d15-d47d-443d-a0a6-3289ceb2a1f8","block_type":"box","text":"Operational Risk:","page_number":74,"box":{"x":43,"y":491,"width":138,"height":11}},{"id":"9198df50-ed32-429f-8086-3b9dcc822509","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":74,"box":{"x":181,"y":491,"width":781,"height":11}},{"id":"3937773e-0f31-4e2e-91b0-fc73363b721c","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":74,"box":{"x":43,"y":505,"width":894,"height":11}},{"id":"8f4231a7-1a63-42f6-a8c0-a5c005e110d4","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":74,"box":{"x":43,"y":530,"width":275,"height":11}},{"id":"d2be2b5b-b17d-4aa9-b49e-2e2e65d532ef","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":74,"box":{"x":318,"y":530,"width":644,"height":11}},{"id":"0b464359-027c-47a9-be3c-89a27dcb55bc","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":74,"box":{"x":43,"y":544,"width":423,"height":11}},{"id":"c6644fff-ffdb-44fb-8b4e-5f932326cfdc","block_type":"box","text":"Charges deducted from capital:","page_number":74,"box":{"x":43,"y":569,"width":248,"height":11}},{"id":"6b292779-88c1-4fc3-a77f-3b2bb0e44265","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":74,"box":{"x":291,"y":569,"width":665,"height":11}},{"id":"b6a6a84c-bf6d-4a53-a878-b7dbcaea239f","block_type":"box","text":"74","page_number":75,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"9bfd2593-25c6-4d5d-8374-28b080ad3510","block_type":"box","text":"75","page_number":75,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"ad9aee19-54bb-49e4-9583-3915ac36d579","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":75,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"794b47b3-84ee-4b6d-bef9-a755c071e981","block_type":"box","text":"Portfolio Statement","page_number":75,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"efd023a3-3050-476c-92b9-6297a86246a9","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":75,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"49c941a2-6742-4bd0-abca-3a499ec008ba","block_type":"box","text":"Holding","page_number":75,"box":{"x":147,"y":147,"width":48,"height":9}},{"id":"a63208c7-467c-4c18-87db-699b1207c431","block_type":"box","text":"Investment","page_number":75,"box":{"x":230,"y":147,"width":70,"height":7}},{"id":"55e68dde-4fc0-4206-8a6c-2070d23dbfe3","block_type":"box","text":"Market","page_number":75,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"379da2be-a17a-4f19-bb40-3c195d6ba154","block_type":"box","text":"Value","page_number":75,"box":{"x":765,"y":136,"width":35,"height":7}},{"id":"807c14db-cad8-496e-b3a7-1f9970ccb300","block_type":"box","text":"£","page_number":75,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"241a9b77-3464-4a97-8b39-cb94189ec88f","block_type":"box","text":"% of","page_number":75,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"d348e6a3-86ef-492c-8863-877a3816690f","block_type":"box","text":"Net Assets","page_number":75,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"eedbb268-f823-49f2-b274-6c67c7f6c9cd","block_type":"box","text":"Digitalisation","page_number":75,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"4816d534-7d59-423e-9016-705e6997d12d","block_type":"box","text":"38.27% (31 December 2025 - 37.81%)","page_number":75,"box":{"x":147,"y":179,"width":295,"height":11}},{"id":"4e54384d-d47c-4323-8fd3-337dfb581258","block_type":"box","text":"38,891","page_number":75,"box":{"x":145,"y":198,"width":48,"height":10}},{"id":"58c58587-c48e-4b3c-b44d-f38b5131400d","block_type":"box","text":"Alphabet 'A'","page_number":75,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"8eb115d3-89e8-4fdd-ad09-b4a775cf8c5e","block_type":"box","text":"10,467,304","page_number":75,"box":{"x":718,"y":198,"width":81,"height":10}},{"id":"647822ef-729b-4012-bf73-8b305f2da611","block_type":"box","text":"4.63","page_number":75,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"e396fc77-040a-47f0-a3d3-e7b0e9dd208b","block_type":"box","text":"53,686","page_number":75,"box":{"x":145,"y":213,"width":50,"height":10}},{"id":"e9ebdf69-12b7-409a-8894-ebba213e3c80","block_type":"box","text":"Amazon.com","page_number":75,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"70b0a5df-c031-47ce-b4d4-215dc0ca028b","block_type":"box","text":"9,736,829","page_number":75,"box":{"x":726,"y":213,"width":73,"height":10}},{"id":"4fe81dc4-9dc7-468d-97fc-557649b8692e","block_type":"box","text":"4.30","page_number":75,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"7ac961da-f986-4643-847e-17b7e74c96aa","block_type":"box","text":"23,071","page_number":75,"box":{"x":145,"y":229,"width":48,"height":10}},{"id":"bca68bbc-4398-4fad-8cd0-75b127be778e","block_type":"box","text":"American Tower","page_number":75,"box":{"x":229,"y":229,"width":120,"height":8}},{"id":"0e851065-64f0-429f-bcdd-951e31bd23ae","block_type":"box","text":"2,866,624","page_number":75,"box":{"x":726,"y":229,"width":73,"height":10}},{"id":"a497bf82-b03f-42af-8279-cde1d172c4a2","block_type":"box","text":"1.27","page_number":75,"box":{"x":926,"y":229,"width":30,"height":8}},{"id":"473883a0-76b3-4e31-9381-c8cd675850e1","block_type":"box","text":"41,916","page_number":75,"box":{"x":144,"y":244,"width":51,"height":10}},{"id":"e2eb68fe-9aee-4fe9-b52b-fbb79a74839b","block_type":"box","text":"Apple","page_number":75,"box":{"x":229,"y":244,"width":42,"height":11}},{"id":"d2f4e693-b841-4c4a-9403-540e39fb9ab2","block_type":"box","text":"9,669,784","page_number":75,"box":{"x":726,"y":244,"width":73,"height":10}},{"id":"45ea5c88-d799-49e2-97fe-1eba594112b5","block_type":"box","text":"4.27","page_number":75,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"2094af18-aace-491d-916b-26e510bba5cf","block_type":"box","text":"8,900","page_number":75,"box":{"x":154,"y":259,"width":41,"height":11}},{"id":"16c8a56d-12e9-4197-a559-91391fdeec3a","block_type":"box","text":"Disco","page_number":75,"box":{"x":230,"y":259,"width":40,"height":9}},{"id":"116cfa92-3ff6-49bc-aa30-8161bf48c292","block_type":"box","text":"3,164,047","page_number":75,"box":{"x":726,"y":259,"width":73,"height":11}},{"id":"e2f3b15f-5f6d-495e-b35d-73a1613895b3","block_type":"box","text":"1.40","page_number":75,"box":{"x":926,"y":259,"width":30,"height":9}},{"id":"d34f4f4f-6080-4aef-bfc0-b5308b8a2da2","block_type":"box","text":"17,800","page_number":75,"box":{"x":146,"y":275,"width":49,"height":10}},{"id":"085742a8-5c5a-41dc-b7fc-f32ba54fcfcf","block_type":"box","text":"Hoya","page_number":75,"box":{"x":230,"y":275,"width":37,"height":11}},{"id":"d7a14ce7-748b-42da-9a74-6c90e4086fac","block_type":"box","text":"2,141,587","page_number":75,"box":{"x":726,"y":275,"width":73,"height":10}},{"id":"8a410018-d5b4-4556-a683-26d1d22971b1","block_type":"box","text":"0.95","page_number":75,"box":{"x":925,"y":275,"width":32,"height":8}},{"id":"74a9f1cc-6ed9-4091-a292-42a95f24584a","block_type":"box","text":"63,415","page_number":75,"box":{"x":145,"y":290,"width":50,"height":10}},{"id":"b10cac5d-f0a0-4471-8712-207e3747cbe7","block_type":"box","text":"London Stock Exchange Group","page_number":75,"box":{"x":230,"y":290,"width":232,"height":11}},{"id":"711830f8-d53c-4cb6-b3b1-859cf2a40340","block_type":"box","text":"5,495,544","page_number":75,"box":{"x":726,"y":290,"width":73,"height":10}},{"id":"1efa9e0d-9668-4746-8c28-128ae0c7424c","block_type":"box","text":"2.43","page_number":75,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"f409ef60-773f-4a4e-b4b6-7423d7fb966e","block_type":"box","text":"19,510","page_number":75,"box":{"x":146,"y":305,"width":49,"height":11}},{"id":"7064546c-df8e-4bd2-8573-0727b6878c65","block_type":"box","text":"Mastercard 'A'","page_number":75,"box":{"x":230,"y":305,"width":104,"height":9}},{"id":"9c72ec24-6a8f-4f57-9903-3c55e3a46ce7","block_type":"box","text":"7,876,737","page_number":75,"box":{"x":726,"y":305,"width":73,"height":11}},{"id":"9d16207b-a2b6-4db9-8c06-1867c47fadc6","block_type":"box","text":"3.48","page_number":75,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"71135152-cb4a-48fb-b9d5-6f84d9e19526","block_type":"box","text":"39,197","page_number":75,"box":{"x":145,"y":321,"width":50,"height":10}},{"id":"07d725ca-6cc7-4716-b5b0-5eaf5735722c","block_type":"box","text":"Microsoft","page_number":75,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"c68c0fcf-71d6-48ee-926b-77bc7152b273","block_type":"box","text":"11,433,227","page_number":75,"box":{"x":719,"y":321,"width":80,"height":10}},{"id":"10452296-63d0-4073-b9c5-be8e738b3581","block_type":"box","text":"5.05","page_number":75,"box":{"x":925,"y":321,"width":32,"height":8}},{"id":"50363ab4-8c95-497b-a819-513f27d0b4df","block_type":"box","text":"10,824","page_number":75,"box":{"x":146,"y":336,"width":49,"height":10}},{"id":"1dcf4da4-85d0-487c-b4da-1f143e79741e","block_type":"box","text":"Moody's","page_number":75,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"1465b988-ecb9-432d-85b6-a16be91c3e26","block_type":"box","text":"3,971,595","page_number":75,"box":{"x":726,"y":336,"width":73,"height":10}},{"id":"bc50555e-638c-4b54-bc65-497f38085d92","block_type":"box","text":"1.75","page_number":75,"box":{"x":926,"y":336,"width":31,"height":9}},{"id":"15615247-fe75-4adc-8a51-ddec55cd3d23","block_type":"box","text":"72,927","page_number":75,"box":{"x":145,"y":351,"width":50,"height":11}},{"id":"e29d97eb-dd9e-4e18-9ce0-5984d7746f73","block_type":"box","text":"Netflix","page_number":75,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"93cdf6a5-952b-4469-9cbf-b640cb7d6e38","block_type":"box","text":"4,236,126","page_number":75,"box":{"x":726,"y":351,"width":73,"height":11}},{"id":"07912c5c-b862-4f10-8d79-74a571e5f96d","block_type":"box","text":"1.87","page_number":75,"box":{"x":926,"y":351,"width":30,"height":9}},{"id":"96299522-eff0-4678-a7d9-f942796f1a96","block_type":"box","text":"5,001","page_number":75,"box":{"x":154,"y":367,"width":39,"height":10}},{"id":"557764d0-721a-498a-9915-2a0d9d394943","block_type":"box","text":"SK Hynix","page_number":75,"box":{"x":230,"y":367,"width":68,"height":11}},{"id":"a3fc1678-ffb7-4cf7-a611-c5fdb9d9fda1","block_type":"box","text":"5,937,823","page_number":75,"box":{"x":726,"y":367,"width":73,"height":10}},{"id":"37a9a565-128a-4ddb-bb24-4589de8e3650","block_type":"box","text":"2.62","page_number":75,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"51f5a522-1746-4729-af99-0d4cb264d808","block_type":"box","text":"425,200","page_number":75,"box":{"x":135,"y":382,"width":60,"height":10}},{"id":"3d2d9a20-e484-4bce-ad18-0b4b9f23633c","block_type":"box","text":"Sunny Optical Technology","page_number":75,"box":{"x":230,"y":382,"width":193,"height":11}},{"id":"7587a365-c4fa-4174-9940-de5b4188f31b","block_type":"box","text":"2,435,120","page_number":75,"box":{"x":726,"y":382,"width":73,"height":10}},{"id":"a78b6252-e0f5-4dcd-9f95-c615d378ee89","block_type":"box","text":"1.08","page_number":75,"box":{"x":926,"y":382,"width":30,"height":9}},{"id":"a0a74d2b-ffbc-4c0f-adc9-7ea4a66f3843","block_type":"box","text":"111,000","page_number":75,"box":{"x":139,"y":397,"width":56,"height":11}},{"id":"a8c4c675-ee43-44e5-8959-c1d7e21b80a8","block_type":"box","text":"Tencent Holdings","page_number":75,"box":{"x":229,"y":398,"width":128,"height":11}},{"id":"837a5d17-1913-4ed2-b1e0-6576d411ff04","block_type":"box","text":"4,568,543","page_number":75,"box":{"x":726,"y":397,"width":73,"height":11}},{"id":"7846c01e-612e-45de-8dfd-bc520f92134c","block_type":"box","text":"2.02","page_number":75,"box":{"x":925,"y":397,"width":31,"height":9}},{"id":"375513ce-b56c-4952-86ed-14a437144a56","block_type":"box","text":"46,757","page_number":75,"box":{"x":144,"y":413,"width":51,"height":10}},{"id":"a4390a86-bc02-4cf6-a25e-41aeab0199de","block_type":"box","text":"Uber Technologies","page_number":75,"box":{"x":230,"y":413,"width":137,"height":11}},{"id":"d96e09f3-d0fc-4634-9b7d-86c263d85449","block_type":"box","text":"2,605,020","page_number":75,"box":{"x":726,"y":413,"width":73,"height":10}},{"id":"b446bf70-fe62-4873-89e6-bdec1c72f7bf","block_type":"box","text":"1.15","page_number":75,"box":{"x":926,"y":413,"width":31,"height":9}},{"id":"7677aa74-eeda-42f8-a7ae-29821aef3731","block_type":"box","text":"86,605,910","page_number":75,"box":{"x":717,"y":431,"width":82,"height":10}},{"id":"2bb501ce-4768-4c1b-b003-32a95f2ee2e3","block_type":"box","text":"38.27","page_number":75,"box":{"x":916,"y":431,"width":40,"height":9}},{"id":"7c7a5efc-960f-45f0-9ba1-d55057011141","block_type":"box","text":"Automation","page_number":75,"box":{"x":42,"y":462,"width":92,"height":9}},{"id":"17b7f5db-b952-4f2a-bb89-f2e520772975","block_type":"box","text":"18.40% (31 December 2025 - 17.66%)","page_number":75,"box":{"x":135,"y":462,"width":295,"height":11}},{"id":"45576e28-dc38-477d-978f-a303a07bf4e6","block_type":"box","text":"9,255","page_number":75,"box":{"x":154,"y":480,"width":41,"height":11}},{"id":"3a28234b-e6c5-4fd3-a1b2-d1c8a2ce4ed0","block_type":"box","text":"AMETEK","page_number":75,"box":{"x":229,"y":481,"width":69,"height":8}},{"id":"579a3d2b-13d3-4f05-99b0-a218c138ba94","block_type":"box","text":"1,624,501","page_number":75,"box":{"x":727,"y":480,"width":70,"height":11}},{"id":"f52c3403-53df-4970-8f74-1f6dd09cbb68","block_type":"box","text":"0.72","page_number":75,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"c5da82eb-03aa-451f-9fd4-f790b6e80997","block_type":"box","text":"5,246","page_number":75,"box":{"x":154,"y":496,"width":41,"height":10}},{"id":"dc4df153-2cd1-472b-a8b3-0971a4a438ab","block_type":"box","text":"ASML Holding","page_number":75,"box":{"x":229,"y":496,"width":105,"height":11}},{"id":"914656bb-f23a-4efe-b0cb-c697bdf4222b","block_type":"box","text":"7,343,942","page_number":75,"box":{"x":726,"y":496,"width":73,"height":10}},{"id":"6659c0d7-4d1c-4a63-8340-b1cf731dac7e","block_type":"box","text":"3.25","page_number":75,"box":{"x":925,"y":496,"width":32,"height":9}},{"id":"de239304-4cc8-4ae8-91e0-bf84b2b9ab93","block_type":"box","text":"21,002","page_number":75,"box":{"x":145,"y":511,"width":50,"height":11}},{"id":"c6544798-04e3-40cd-a4a2-33a17643803b","block_type":"box","text":"Broadcom","page_number":75,"box":{"x":230,"y":511,"width":74,"height":9}},{"id":"a66e2d42-dbda-43b5-805a-b9027ebf7023","block_type":"box","text":"5,662,953","page_number":75,"box":{"x":726,"y":511,"width":73,"height":11}},{"id":"13cb98d3-09a5-4359-baba-5ae7335e12a0","block_type":"box","text":"2.50","page_number":75,"box":{"x":925,"y":511,"width":31,"height":9}},{"id":"d24ca83f-604c-44e0-bdd0-d2035c735b6f","block_type":"box","text":"48,068","page_number":75,"box":{"x":144,"y":527,"width":51,"height":10}},{"id":"698559f4-2340-45d6-8ad1-7d3bd89d4dbe","block_type":"box","text":"Infineon Technologies","page_number":75,"box":{"x":230,"y":526,"width":160,"height":12}},{"id":"7e292cb5-dcfd-4bb2-9e7e-33198876e0b5","block_type":"box","text":"3,189,961","page_number":75,"box":{"x":726,"y":527,"width":71,"height":10}},{"id":"b10c7618-24cf-40ef-8e26-33a9670f5d67","block_type":"box","text":"1.41","page_number":75,"box":{"x":926,"y":527,"width":28,"height":8}},{"id":"ebfec493-2163-459b-942b-5f992ccf1a62","block_type":"box","text":"4,900","page_number":75,"box":{"x":154,"y":542,"width":41,"height":10}},{"id":"e977f0b1-ef61-4130-873a-208986fd4f6f","block_type":"box","text":"Keyence","page_number":75,"box":{"x":230,"y":542,"width":64,"height":11}},{"id":"78af7b44-f9d5-487b-a687-18d3d47201bb","block_type":"box","text":"1,817,288","page_number":75,"box":{"x":727,"y":542,"width":72,"height":10}},{"id":"9fc70279-847e-4eae-b578-006d888cf563","block_type":"box","text":"0.80","page_number":75,"box":{"x":925,"y":542,"width":31,"height":9}},{"id":"3cb32e5e-5549-4521-a36f-540e241a5a39","block_type":"box","text":"106,224","page_number":75,"box":{"x":137,"y":557,"width":58,"height":11}},{"id":"2fe93b75-9aae-4d38-89d9-ed443f911bd5","block_type":"box","text":"NVIDIA","page_number":75,"box":{"x":230,"y":557,"width":55,"height":9}},{"id":"6544eeb9-7986-422f-8b00-78878eb8243c","block_type":"box","text":"15,466,594","page_number":75,"box":{"x":718,"y":557,"width":81,"height":11}},{"id":"b967fe13-16f7-4c38-b861-fe9fb7f3da7c","block_type":"box","text":"6.83","page_number":75,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"90760c54-7893-4214-b15d-6ec4f1abea79","block_type":"box","text":"9,297","page_number":75,"box":{"x":154,"y":573,"width":41,"height":10}},{"id":"d446cec4-6461-4d4b-8552-446baa096efc","block_type":"box","text":"Schneider Electric","page_number":75,"box":{"x":230,"y":573,"width":134,"height":8}},{"id":"c45a5aa3-689d-4e11-b3aa-9c10e2e95b86","block_type":"box","text":"2,230,754","page_number":75,"box":{"x":726,"y":573,"width":73,"height":10}},{"id":"43ed36d2-5648-418a-afe1-aa797e7c58a2","block_type":"box","text":"0.99","page_number":75,"box":{"x":925,"y":573,"width":31,"height":8}},{"id":"5c168d1c-1d82-4c7e-84f4-bc4019c299ae","block_type":"box","text":"13,213","page_number":75,"box":{"x":146,"y":588,"width":49,"height":10}},{"id":"a6b7345d-a456-4256-bbc6-b9b14116228d","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":75,"box":{"x":229,"y":588,"width":395,"height":11}},{"id":"611dc272-1650-4eab-94ea-58f59c423794","block_type":"box","text":"4,298,391","page_number":75,"box":{"x":726,"y":588,"width":71,"height":10}},{"id":"3797be6e-20a0-4156-850c-d593907856c7","block_type":"box","text":"1.90","page_number":75,"box":{"x":926,"y":588,"width":30,"height":9}},{"id":"1577f53f-ec02-4b3b-9c8a-2ec8457e9814","block_type":"box","text":"41,634,384","page_number":75,"box":{"x":716,"y":606,"width":84,"height":10}},{"id":"3cc186a4-4518-49a0-9553-9c1553a8b5bc","block_type":"box","text":"18.40","page_number":75,"box":{"x":916,"y":606,"width":40,"height":9}},{"id":"e86b8dfb-9deb-419e-9d78-b2a283fbd636","block_type":"box","text":"Ageing","page_number":75,"box":{"x":42,"y":637,"width":56,"height":11}},{"id":"3f2ec514-d5c1-408b-8e31-0e2c2e32cc40","block_type":"box","text":"6.22% (31 December 2025 - 2.27%)","page_number":75,"box":{"x":99,"y":637,"width":276,"height":11}},{"id":"648e4a4e-1904-42eb-a758-3e65884e6ec4","block_type":"box","text":"565,600","page_number":75,"box":{"x":136,"y":656,"width":59,"height":10}},{"id":"19643a99-ef0e-40a6-9477-5bf6e6134a4e","block_type":"box","text":"AIA Group","page_number":75,"box":{"x":229,"y":656,"width":77,"height":11}},{"id":"4f6886de-d84d-4569-855a-fb96bab79154","block_type":"box","text":"3,954,513","page_number":75,"box":{"x":726,"y":656,"width":73,"height":10}},{"id":"3afade7f-3c54-47d2-b85d-592f1cf87aa4","block_type":"box","text":"1.75","page_number":75,"box":{"x":926,"y":656,"width":31,"height":8}},{"id":"3bb89c90-6352-4d22-963d-a25c85975063","block_type":"box","text":"4,064","page_number":75,"box":{"x":154,"y":671,"width":41,"height":10}},{"id":"0a3579a5-962b-435e-956a-77af850eb001","block_type":"box","text":"BlackRock","page_number":75,"box":{"x":230,"y":671,"width":78,"height":9}},{"id":"2f09b6f3-6c73-4e7d-8d9a-9e8559ae3a43","block_type":"box","text":"3,025,265","page_number":75,"box":{"x":726,"y":671,"width":73,"height":10}},{"id":"38e3a9f1-fd8d-47ac-97db-689ab9df4911","block_type":"box","text":"1.34","page_number":75,"box":{"x":926,"y":671,"width":30,"height":9}},{"id":"20b32257-e954-4bd1-98f9-50ecc63798c3","block_type":"box","text":"177,715","page_number":75,"box":{"x":137,"y":686,"width":58,"height":11}},{"id":"2c874a7b-3310-4a5b-92cc-14ce7e486eee","block_type":"box","text":"GSK","page_number":75,"box":{"x":230,"y":686,"width":34,"height":9}},{"id":"5beeddfc-f183-448d-b911-189f5dbfd0bb","block_type":"box","text":"3,579,180","page_number":75,"box":{"x":726,"y":686,"width":73,"height":11}},{"id":"914e2a5b-7228-4328-8cef-1ed29a2bab37","block_type":"box","text":"1.58","page_number":75,"box":{"x":926,"y":687,"width":30,"height":8}},{"id":"eb9aac65-b248-46b5-b73c-4cf854285753","block_type":"box","text":"5,915","page_number":75,"box":{"x":154,"y":702,"width":41,"height":10}},{"id":"f4b0f10b-19df-4bd8-876e-e8e47b083757","block_type":"box","text":"Intuitive Surgical","page_number":75,"box":{"x":230,"y":702,"width":121,"height":11}},{"id":"cd2bd38d-9504-4bca-b1e9-07151bda2a19","block_type":"box","text":"1,886,069","page_number":75,"box":{"x":727,"y":702,"width":72,"height":10}},{"id":"de3aef27-9508-45f8-bfb6-925e0226ae0e","block_type":"box","text":"0.83","page_number":75,"box":{"x":925,"y":702,"width":31,"height":9}},{"id":"a9d3cf46-a4dc-4a82-b549-ceaed91b2a4a","block_type":"box","text":"16,371","page_number":75,"box":{"x":146,"y":717,"width":47,"height":10}},{"id":"48731734-aa86-479f-90be-42ee80fd08a1","block_type":"box","text":"Straumann","page_number":75,"box":{"x":230,"y":717,"width":80,"height":9}},{"id":"83412846-546f-46d1-b873-2bbdcf5fc588","block_type":"box","text":"1,641,562","page_number":75,"box":{"x":727,"y":717,"width":72,"height":10}},{"id":"250902fc-6377-4713-8b07-20eae6b6b263","block_type":"box","text":"0.72","page_number":75,"box":{"x":925,"y":717,"width":31,"height":9}},{"id":"566531c7-7f01-419b-818a-e15b70573263","block_type":"box","text":"14,086,589","page_number":75,"box":{"x":717,"y":735,"width":82,"height":11}},{"id":"8a3ab92c-7827-4bba-ab8f-ef3aaed2e4c3","block_type":"box","text":"6.22","page_number":75,"box":{"x":925,"y":735,"width":31,"height":9}},{"id":"8c2bd26d-ac56-4eab-9b47-aac9fdeb06b5","block_type":"box","text":"Evolving Consumption","page_number":75,"box":{"x":43,"y":766,"width":181,"height":11}},{"id":"8edb9f75-5df1-470b-8895-b4591543d110","block_type":"box","text":"15.27% (31 December 2025 - 21.53%)","page_number":75,"box":{"x":231,"y":766,"width":289,"height":11}},{"id":"4920cf6f-2d8f-483e-a6a9-70c2b3f84611","block_type":"box","text":"50,942","page_number":75,"box":{"x":145,"y":785,"width":50,"height":10}},{"id":"29d6f83b-d499-4ed1-9f3f-97e78bc0257e","block_type":"box","text":"Colgate-Palmolive","page_number":75,"box":{"x":230,"y":785,"width":134,"height":11}},{"id":"783adb6c-b997-4aa6-bf1e-6b6975669291","block_type":"box","text":"3,626,483","page_number":75,"box":{"x":726,"y":785,"width":73,"height":10}},{"id":"ef18f4b3-ba7c-405f-bc65-5b358e5e751d","block_type":"box","text":"1.60","page_number":75,"box":{"x":926,"y":785,"width":30,"height":9}},{"id":"4ea03c06-de2d-4e5b-b8ae-f4bea8810077","block_type":"box","text":"193,331","page_number":75,"box":{"x":137,"y":800,"width":56,"height":10}},{"id":"1ad27af3-c3f4-4f8e-b056-12e2faa4e9e0","block_type":"box","text":"Compass Group","page_number":75,"box":{"x":230,"y":800,"width":120,"height":11}},{"id":"d550a509-dcd9-4d86-ba69-4e17282eeec2","block_type":"box","text":"4,734,311","page_number":75,"box":{"x":727,"y":800,"width":70,"height":10}},{"id":"c9311ff3-82a9-4435-8e47-9cfbc4417a07","block_type":"box","text":"2.09","page_number":75,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"16a90317-d456-4a2e-91d0-08c294b62920","block_type":"box","text":"7,109","page_number":75,"box":{"x":154,"y":815,"width":41,"height":11}},{"id":"d4fd2c1e-9f51-4cfe-8ada-facf0a2ae022","block_type":"box","text":"Costco Wholesale","page_number":75,"box":{"x":230,"y":815,"width":134,"height":9}},{"id":"9ee93b33-8e40-433a-96f2-5621b626f3f6","block_type":"box","text":"5,061,320","page_number":75,"box":{"x":726,"y":815,"width":73,"height":11}},{"id":"2785a367-eb36-46e2-8039-2e049eb39979","block_type":"box","text":"2.24","page_number":75,"box":{"x":925,"y":815,"width":31,"height":9}},{"id":"e7f6e291-8dd2-4b0d-98a3-f21b7f62931f","block_type":"box","text":"22,083","page_number":75,"box":{"x":145,"y":831,"width":50,"height":10}},{"id":"064bbaf2-9155-433e-ade6-ba4ad61cb403","block_type":"box","text":"EssilorLuxottica","page_number":75,"box":{"x":230,"y":831,"width":116,"height":9}},{"id":"6b3ae753-13a2-4729-bff8-d19fa7755e95","block_type":"box","text":"3,257,519","page_number":75,"box":{"x":726,"y":831,"width":73,"height":10}},{"id":"29ffc852-167e-47d3-9676-cd7cc68f3cb0","block_type":"box","text":"1.44","page_number":75,"box":{"x":926,"y":831,"width":30,"height":8}},{"id":"ab5d7a7b-9b49-46d9-8718-c300ea33b362","block_type":"box","text":"6,991","page_number":75,"box":{"x":154,"y":846,"width":39,"height":11}},{"id":"afb7905b-b821-4728-a448-36322e9c3a5c","block_type":"box","text":"Ferrari","page_number":75,"box":{"x":230,"y":846,"width":47,"height":9}},{"id":"d1152242-4da2-494e-b2d5-d35c928e43af","block_type":"box","text":"1,983,169","page_number":75,"box":{"x":727,"y":846,"width":72,"height":11}},{"id":"6f20eb70-8bfc-4ecc-86b4-2428381b0475","block_type":"box","text":"0.88","page_number":75,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"d9b2e74b-5146-401b-84cf-2520ba13adaf","block_type":"box","text":"887","page_number":75,"box":{"x":168,"y":862,"width":27,"height":8}},{"id":"6ac39ac1-35ba-43f8-bc72-1c1f279458c1","block_type":"box","text":"Givaudan","page_number":75,"box":{"x":230,"y":862,"width":70,"height":8}},{"id":"34106d0f-8377-4b21-b421-adeb4197de98","block_type":"box","text":"2,898,048","page_number":75,"box":{"x":726,"y":862,"width":73,"height":10}},{"id":"e87c8c83-e76c-4806-a622-92f62f1fedc7","block_type":"box","text":"1.28","page_number":75,"box":{"x":926,"y":862,"width":30,"height":8}},{"id":"be9d8214-e30a-400f-9822-e43c26c41843","block_type":"box","text":"10,329","page_number":75,"box":{"x":146,"y":877,"width":49,"height":10}},{"id":"fe1e0965-b869-429c-a31b-9b628aeb513d","block_type":"box","text":"Home Depot","page_number":75,"box":{"x":230,"y":877,"width":93,"height":11}},{"id":"feb31584-eef8-4a6b-9828-c5460445818f","block_type":"box","text":"2,766,695","page_number":75,"box":{"x":726,"y":877,"width":73,"height":10}},{"id":"4a45072e-eb5a-4d3d-9a2d-7ffa71a74c9f","block_type":"box","text":"1.22","page_number":75,"box":{"x":926,"y":877,"width":30,"height":9}},{"id":"17984dca-e07c-4c4e-be4b-207daaaa7e81","block_type":"box","text":"76,995","page_number":75,"box":{"x":145,"y":892,"width":50,"height":11}},{"id":"6e775d61-793e-4e9e-bcfa-0279553ff224","block_type":"box","text":"Industria de Diseno Textil","page_number":75,"box":{"x":230,"y":892,"width":185,"height":9}},{"id":"66ce35d0-eb6e-479c-9453-a097801478ea","block_type":"box","text":"3,771,398","page_number":75,"box":{"x":726,"y":892,"width":73,"height":11}},{"id":"d975201e-58ce-409c-9828-a43f831b4918","block_type":"box","text":"1.67","page_number":75,"box":{"x":926,"y":892,"width":30,"height":9}},{"id":"5c1a5862-2500-44cb-b14b-9403b587c724","block_type":"box","text":"11,873","page_number":75,"box":{"x":147,"y":908,"width":48,"height":10}},{"id":"c628f5b5-6bba-4180-ac0b-c1f943c514fb","block_type":"box","text":"L'Oreal","page_number":75,"box":{"x":230,"y":908,"width":51,"height":8}},{"id":"a02e6683-7cb9-4f8b-b11d-0d48cdcea0a4","block_type":"box","text":"3,888,815","page_number":75,"box":{"x":726,"y":908,"width":73,"height":10}},{"id":"737f7b17-8d8e-4317-8956-2fc2b2c14b08","block_type":"box","text":"1.72","page_number":75,"box":{"x":926,"y":908,"width":30,"height":8}},{"id":"b79a8593-0923-4e9c-a8d9-13af70c4b36f","block_type":"box","text":"75","page_number":76,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"db138ab0-2e12-45ae-a875-d6da4973378a","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":76,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"7d8deff2-3a2f-4486-870c-2d2cd2e5d6ef","block_type":"box","text":"Portfolio Statement (continued)","page_number":76,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"a3699d24-3bf1-4cf8-9572-ae98cf697a04","block_type":"box","text":"Holding","page_number":76,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"789addc9-5e33-40e5-82a9-b26173f82223","block_type":"box","text":"Investment","page_number":76,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"dbaf4436-247e-449f-96be-816dd8ecb412","block_type":"box","text":"Market","page_number":76,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"9fa8cb3b-849a-4847-87ff-7c47520a76dd","block_type":"box","text":"Value","page_number":76,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"94cc5d2e-f762-4d67-a50f-6301475055d7","block_type":"box","text":"£","page_number":76,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"94ad1845-d4f4-43a9-91c8-d59dc6179d4f","block_type":"box","text":"% of","page_number":76,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"a92a6344-ff93-4b48-96d2-0220b6151ac8","block_type":"box","text":"Net Assets","page_number":76,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"6ca2e0d7-baf5-4af7-9047-bd6cf0a14754","block_type":"box","text":"Evolving Consumption (continued)","page_number":76,"box":{"x":43,"y":164,"width":277,"height":11}},{"id":"6d7f9be4-f92d-4d20-b688-f346b87be9da","block_type":"box","text":"55,450","page_number":76,"box":{"x":145,"y":183,"width":50,"height":10}},{"id":"c0e81c89-1482-457c-a76e-a6a91c761f79","block_type":"box","text":"Unilever","page_number":76,"box":{"x":230,"y":183,"width":61,"height":9}},{"id":"1e4196d7-90e1-4580-9b2d-a447cdd4a0d3","block_type":"box","text":"2,561,790","page_number":76,"box":{"x":726,"y":183,"width":73,"height":10}},{"id":"e6103c2f-f0e7-4233-82d8-b6fbe60a9915","block_type":"box","text":"1.13","page_number":76,"box":{"x":926,"y":183,"width":30,"height":9}},{"id":"dd10b4ab-465d-4002-8844-e172979c4cdc","block_type":"box","text":"34,549,548","page_number":76,"box":{"x":717,"y":201,"width":82,"height":10}},{"id":"d1edea6f-5af6-4253-883a-f0b40d3921b1","block_type":"box","text":"15.27","page_number":76,"box":{"x":916,"y":201,"width":40,"height":8}},{"id":"cfb49abd-ea76-40e0-b1e4-3e3d2f8c2931","block_type":"box","text":"Security","page_number":76,"box":{"x":42,"y":232,"width":66,"height":11}},{"id":"799a59f4-a94c-4e8b-8779-2c495685d436","block_type":"box","text":"12.38% (31 December 2025 - 11.01%)","page_number":76,"box":{"x":108,"y":232,"width":294,"height":11}},{"id":"e86f0e95-d118-4f91-8128-d6ba99a6548b","block_type":"box","text":"183,783","page_number":76,"box":{"x":137,"y":250,"width":58,"height":11}},{"id":"d3cb0680-473a-44a6-bcd9-c34017a61722","block_type":"box","text":"Bank of Ireland Group","page_number":76,"box":{"x":230,"y":250,"width":163,"height":11}},{"id":"f4db2a0f-da36-42bc-b499-0270fc6709dd","block_type":"box","text":"2,724,411","page_number":76,"box":{"x":727,"y":250,"width":70,"height":11}},{"id":"3a7609a1-84c3-407b-b56d-9db528c9b127","block_type":"box","text":"1.20","page_number":76,"box":{"x":926,"y":250,"width":30,"height":9}},{"id":"612e0534-1116-49e5-bb40-03a3ee3c252a","block_type":"box","text":"39,134","page_number":76,"box":{"x":145,"y":266,"width":50,"height":10}},{"id":"f24c3a6c-3ee6-49a5-b23a-df1103d6eaab","block_type":"box","text":"BNP Paribas","page_number":76,"box":{"x":230,"y":266,"width":94,"height":9}},{"id":"57a658d3-ada3-490a-9b77-c2833f2e44de","block_type":"box","text":"3,441,527","page_number":76,"box":{"x":726,"y":266,"width":73,"height":10}},{"id":"b90d548f-40af-49c6-8f71-901a218f8d60","block_type":"box","text":"1.52","page_number":76,"box":{"x":926,"y":266,"width":30,"height":9}},{"id":"970c8ead-428b-42f2-b1c1-4955df48b55c","block_type":"box","text":"37,523","page_number":76,"box":{"x":145,"y":281,"width":50,"height":11}},{"id":"887ea59e-02ec-4594-a5a1-409cf50c5793","block_type":"box","text":"Citigroup","page_number":76,"box":{"x":230,"y":281,"width":65,"height":11}},{"id":"bd45dead-8f99-4c8e-9cf9-d0a06b8fd6a3","block_type":"box","text":"3,930,820","page_number":76,"box":{"x":726,"y":281,"width":73,"height":11}},{"id":"4647118b-6892-4f42-9180-f62b21ed992d","block_type":"box","text":"1.74","page_number":76,"box":{"x":926,"y":281,"width":30,"height":9}},{"id":"f9bbf76a-4fec-4e69-baab-d60de4b6498d","block_type":"box","text":"24,602","page_number":76,"box":{"x":145,"y":297,"width":50,"height":10}},{"id":"533d124b-fbea-49b8-b90e-45cff3c7c8b0","block_type":"box","text":"CME Group","page_number":76,"box":{"x":230,"y":296,"width":87,"height":12}},{"id":"4bba3f24-dc45-4ee6-a62e-f1f1471c3759","block_type":"box","text":"4,356,805","page_number":76,"box":{"x":726,"y":297,"width":73,"height":10}},{"id":"b454a0e6-26a5-4617-8cd6-ea84778d315d","block_type":"box","text":"1.92","page_number":76,"box":{"x":926,"y":297,"width":30,"height":8}},{"id":"33059122-811f-4a78-8729-d69a6adb21d0","block_type":"box","text":"20,953","page_number":76,"box":{"x":145,"y":312,"width":50,"height":10}},{"id":"cea09011-39f5-46be-a695-065954015e5b","block_type":"box","text":"Euronext","page_number":76,"box":{"x":230,"y":312,"width":66,"height":9}},{"id":"72509aeb-fe30-45b8-84f0-ba440ba09ace","block_type":"box","text":"2,651,078","page_number":76,"box":{"x":726,"y":312,"width":73,"height":10}},{"id":"4416efb7-c301-40cc-922e-02e42b99808b","block_type":"box","text":"1.17","page_number":76,"box":{"x":926,"y":312,"width":30,"height":9}},{"id":"48cdeaa8-fe7f-4ba0-ae71-0acf0db3e388","block_type":"box","text":"17,735","page_number":76,"box":{"x":146,"y":327,"width":49,"height":11}},{"id":"1d400a7e-2abc-4d2d-b508-9435d21d4505","block_type":"box","text":"JPMorgan Chase & Company","page_number":76,"box":{"x":229,"y":327,"width":222,"height":11}},{"id":"3f47a822-dd78-4fe7-819a-7c7043d9ea23","block_type":"box","text":"4,437,235","page_number":76,"box":{"x":726,"y":327,"width":73,"height":11}},{"id":"a9779d9c-425b-41d4-8460-83a3e9926759","block_type":"box","text":"1.96","page_number":76,"box":{"x":926,"y":327,"width":30,"height":9}},{"id":"120d41cd-bd39-4093-9739-ec9134855441","block_type":"box","text":"1,608","page_number":76,"box":{"x":155,"y":343,"width":40,"height":10}},{"id":"351f02c5-1da2-4a42-ba97-57d5f790546f","block_type":"box","text":"MercadoLibre","page_number":76,"box":{"x":230,"y":343,"width":101,"height":8}},{"id":"1a121053-88c9-4c0b-9684-c3310f57e40c","block_type":"box","text":"2,122,151","page_number":76,"box":{"x":726,"y":343,"width":71,"height":10}},{"id":"237224e4-b3ea-4e3d-9ad1-c140d3bba44e","block_type":"box","text":"0.94","page_number":76,"box":{"x":925,"y":343,"width":31,"height":8}},{"id":"61cd1038-e7ee-4f2f-98f0-b5df214afdb7","block_type":"box","text":"323,665","page_number":76,"box":{"x":136,"y":358,"width":59,"height":10}},{"id":"320552ea-86a3-49bf-8c1e-ce465a25eb89","block_type":"box","text":"National Bank of Greece","page_number":76,"box":{"x":230,"y":358,"width":181,"height":9}},{"id":"d6ee4293-fb4a-4bf1-a4d6-4eace7b52832","block_type":"box","text":"4,358,570","page_number":76,"box":{"x":726,"y":358,"width":73,"height":10}},{"id":"d57d5bb2-6f2f-44c0-a311-58e1723d15dd","block_type":"box","text":"1.93","page_number":76,"box":{"x":926,"y":358,"width":30,"height":9}},{"id":"b4eae3f1-7b75-4e5b-ae80-43a4b8850ce9","block_type":"box","text":"28,022,597","page_number":76,"box":{"x":717,"y":376,"width":82,"height":10}},{"id":"fff2fe22-72c6-4511-922c-34bc7fca311b","block_type":"box","text":"12.38","page_number":76,"box":{"x":916,"y":376,"width":40,"height":9}},{"id":"33b4a0eb-9630-449e-b5d6-de10f9db2dfd","block_type":"box","text":"Climate Change","page_number":76,"box":{"x":43,"y":407,"width":125,"height":11}},{"id":"d3e9e40d-f186-4fd9-9930-5e1483b840de","block_type":"box","text":"5.35% (31 December 2025 - 4.55%)","page_number":76,"box":{"x":169,"y":407,"width":276,"height":11}},{"id":"f6d9a0f6-dae1-4b7b-a403-99951e9eef62","block_type":"box","text":"82,536","page_number":76,"box":{"x":145,"y":426,"width":50,"height":10}},{"id":"0e7bedb1-f1df-40cc-970d-72d3f6367f29","block_type":"box","text":"A O Smith","page_number":76,"box":{"x":229,"y":425,"width":74,"height":9}},{"id":"79002fc8-c825-4073-b2d9-f9030b2bb2f9","block_type":"box","text":"3,874,233","page_number":76,"box":{"x":726,"y":426,"width":73,"height":10}},{"id":"d767b965-1f34-45c7-b4fd-d902cc7b8cd0","block_type":"box","text":"1.71","page_number":76,"box":{"x":926,"y":426,"width":28,"height":8}},{"id":"448baeb8-10c1-44b4-8f95-c5ab3026bf9b","block_type":"box","text":"19,342","page_number":76,"box":{"x":146,"y":441,"width":49,"height":10}},{"id":"b44cf694-6e4f-4e42-af54-c7af2ce0e11b","block_type":"box","text":"Ecolab","page_number":76,"box":{"x":230,"y":441,"width":50,"height":9}},{"id":"68007733-e7cb-4d1f-b63d-3d1a274748c7","block_type":"box","text":"4,101,966","page_number":76,"box":{"x":726,"y":441,"width":73,"height":10}},{"id":"651a4273-004a-48d8-8fcc-ef0f7f5181c5","block_type":"box","text":"1.81","page_number":76,"box":{"x":926,"y":441,"width":28,"height":9}},{"id":"2282bc4a-0d1d-4efb-84f8-be80868eccd3","block_type":"box","text":"133,020","page_number":76,"box":{"x":137,"y":456,"width":58,"height":11}},{"id":"b0c7313d-6bc9-4ef0-a26e-75b459a90550","block_type":"box","text":"Iberdrola","page_number":76,"box":{"x":230,"y":456,"width":64,"height":9}},{"id":"ed07f5e2-04c7-4619-87a4-0766f3fe9fbc","block_type":"box","text":"2,478,403","page_number":76,"box":{"x":726,"y":456,"width":73,"height":11}},{"id":"f94399c3-0716-4744-84bd-138df15fc78d","block_type":"box","text":"1.09","page_number":76,"box":{"x":926,"y":456,"width":30,"height":9}},{"id":"945105ca-822a-44bd-84cb-37e958d83745","block_type":"box","text":"3,329","page_number":76,"box":{"x":154,"y":472,"width":41,"height":10}},{"id":"f242b43e-8868-4e74-a414-929b3407f898","block_type":"box","text":"Quanta Services","page_number":76,"box":{"x":230,"y":472,"width":122,"height":9}},{"id":"83d74348-28e6-4182-b2d9-8345e031d0a3","block_type":"box","text":"1,664,637","page_number":76,"box":{"x":727,"y":472,"width":72,"height":10}},{"id":"41882f47-285d-4631-a551-c9c637cee17d","block_type":"box","text":"0.74","page_number":76,"box":{"x":925,"y":472,"width":31,"height":8}},{"id":"96f85066-f6ea-48a5-984f-632516a74134","block_type":"box","text":"12,119,239","page_number":76,"box":{"x":718,"y":490,"width":81,"height":10}},{"id":"dc46ecad-fb05-428e-9812-2008db808df7","block_type":"box","text":"5.35","page_number":76,"box":{"x":925,"y":490,"width":32,"height":8}},{"id":"fc272342-aeb4-4357-9ea2-d230e7056666","block_type":"box","text":"Sustained Income","page_number":76,"box":{"x":42,"y":521,"width":143,"height":8}},{"id":"aa028556-2a8e-4367-9ca1-dbd35ee80303","block_type":"box","text":"2.50% (31 December 2025 - 3.33%)","page_number":76,"box":{"x":186,"y":521,"width":276,"height":11}},{"id":"1dea2fc7-edf0-49c6-91d8-b55a68b14ca6","block_type":"box","text":"30,523","page_number":76,"box":{"x":145,"y":539,"width":50,"height":11}},{"id":"af3e012a-b544-4854-9167-70b9f3dd9483","block_type":"box","text":"Kimberly-Clark","page_number":76,"box":{"x":230,"y":539,"width":109,"height":11}},{"id":"ce3848d4-596f-43ca-8f13-b7ad570b78fb","block_type":"box","text":"2,620,304","page_number":76,"box":{"x":726,"y":539,"width":73,"height":11}},{"id":"f0045a2f-dd95-4efc-be1f-b179073f8e31","block_type":"box","text":"1.16","page_number":76,"box":{"x":926,"y":539,"width":30,"height":9}},{"id":"59fbe0d6-0af5-4aea-b149-31c0cf8aca79","block_type":"box","text":"98,672","page_number":76,"box":{"x":145,"y":555,"width":50,"height":10}},{"id":"734afb06-cdd2-4d85-9ae1-9101778fd511","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":76,"box":{"x":230,"y":555,"width":195,"height":11}},{"id":"e4f15963-d4ac-4554-a659-15afdacd1f5a","block_type":"box","text":"3,034,479","page_number":76,"box":{"x":726,"y":555,"width":73,"height":10}},{"id":"fcba42ae-d23b-439e-bf65-375646ec5c3a","block_type":"box","text":"1.34","page_number":76,"box":{"x":926,"y":555,"width":30,"height":8}},{"id":"9ac8fefd-78ac-4e83-8264-a72fa947912c","block_type":"box","text":"5,654,783","page_number":76,"box":{"x":726,"y":573,"width":73,"height":10}},{"id":"907f144c-8fc9-4d68-ab9a-2af8167fa3d2","block_type":"box","text":"2.50","page_number":76,"box":{"x":925,"y":573,"width":31,"height":8}},{"id":"6759148f-4d7f-44a7-a4a4-855daae40fcd","block_type":"box","text":"Forward Currency Contracts","page_number":76,"box":{"x":43,"y":604,"width":226,"height":11}},{"id":"bbbd0b1a-38c4-414b-8d58-3f28d3084b31","block_type":"box","text":"0.21% (31 December 2025 - 0.08%)","page_number":76,"box":{"x":270,"y":604,"width":276,"height":11}},{"id":"8d678dd7-3b68-47e1-8507-7992daa3309e","block_type":"box","text":"CHF (6,463)","page_number":76,"box":{"x":104,"y":622,"width":91,"height":11}},{"id":"4d33c387-ebb3-4c9b-8276-bbf30272afc1","block_type":"box","text":"Sold CHF, Bought GBP 6,046 for settlement on","page_number":76,"box":{"x":230,"y":622,"width":353,"height":11}},{"id":"df8f3253-3e9c-4218-883d-f07a74dc787e","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":636,"width":83,"height":9}},{"id":"1e130614-d48e-426c-bfb1-219eac21685e","block_type":"box","text":"15","page_number":76,"box":{"x":783,"y":637,"width":16,"height":8}},{"id":"87674a5b-d468-415b-b30e-f0dd4279577d","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":642,"width":9,"height":1}},{"id":"2a0eac33-08ba-4c3a-870d-378281b9f5f7","block_type":"box","text":"CHF (789,206)","page_number":76,"box":{"x":85,"y":652,"width":110,"height":11}},{"id":"efac58dc-0673-455e-8bd8-c0d48b9c6c41","block_type":"box","text":"Sold CHF, Bought GBP 740,908 for settlement on","page_number":76,"box":{"x":230,"y":652,"width":372,"height":11}},{"id":"98dd36c0-94b0-470f-b1be-2abdf9cd2278","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":666,"width":83,"height":9}},{"id":"f27fb695-b87e-45fb-9621-96cd37ffdb98","block_type":"box","text":"4,40","page_number":76,"box":{"x":758,"y":666,"width":32,"height":11}},{"id":"edbdedc3-3806-4639-a24c-65506cf880b9","block_type":"box","text":"4","page_number":76,"box":{"x":791,"y":666,"width":8,"height":9}},{"id":"716a4b52-e266-4c78-9a8c-c4765695495f","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":671,"width":9,"height":1}},{"id":"3f4ea926-184a-4107-a138-c908106a0175","block_type":"box","text":"CHF (7)","page_number":76,"box":{"x":137,"y":681,"width":58,"height":12}},{"id":"06c131ca-c033-49f5-87c6-bc657afc1c60","block_type":"box","text":"Sold CHF, Bought GBP 6 for settlement on 24/07/2026","page_number":76,"box":{"x":230,"y":681,"width":404,"height":12}},{"id":"900c72d7-f95b-4e02-94ff-6cb48aa17d4d","block_type":"box","text":"–","page_number":76,"box":{"x":791,"y":687,"width":9,"height":1}},{"id":"d884e3b5-e6ca-4340-8152-d5756827ec34","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":687,"width":9,"height":1}},{"id":"6ab02a45-bceb-49ef-b7c1-35e86ad7c146","block_type":"box","text":"CHF (298,606)","page_number":76,"box":{"x":85,"y":697,"width":110,"height":11}},{"id":"13065a1f-cfa6-4075-a6ea-ca77903dba6e","block_type":"box","text":"Sold CHF, Bought GBP 280,332 for settlement on","page_number":76,"box":{"x":230,"y":697,"width":366,"height":11}},{"id":"4427169c-db75-43ef-afcd-58645d386438","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":711,"width":83,"height":9}},{"id":"cb880c00-d784-464f-afb3-54e32808bc24","block_type":"box","text":"1,666","page_number":76,"box":{"x":760,"y":711,"width":39,"height":11}},{"id":"c5de81fc-6611-4b14-ba68-8816cb68a6c2","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":716,"width":9,"height":1}},{"id":"97da4ea5-f70a-49ec-b1fd-5066017eb02a","block_type":"box","text":"CHF (13)","page_number":76,"box":{"x":127,"y":726,"width":68,"height":12}},{"id":"2edffd8d-cf54-47eb-b8b1-127a33014dd6","block_type":"box","text":"Sold CHF, Bought GBP 12 for settlement on 24/07/2026","page_number":76,"box":{"x":230,"y":726,"width":413,"height":12}},{"id":"1e717d19-9f32-49d3-a677-0e63e7beb638","block_type":"box","text":"–","page_number":76,"box":{"x":791,"y":732,"width":9,"height":1}},{"id":"569ce1d7-dfb2-4cda-816c-189c94f62d5a","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":732,"width":9,"height":1}},{"id":"6eba2643-0608-4a74-a729-044405cad1b3","block_type":"box","text":"CHF (4,463)","page_number":76,"box":{"x":104,"y":742,"width":91,"height":11}},{"id":"9dee61b9-59b8-49ce-9fcb-da643650a2da","block_type":"box","text":"Sold CHF, Bought GBP 4,182 for settlement on","page_number":76,"box":{"x":230,"y":742,"width":347,"height":11}},{"id":"c19f86bb-09a4-4683-a64a-1c0ef3d3efe5","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":756,"width":83,"height":9}},{"id":"062639c9-fde8-4e5b-b4da-ac9f73ded2fe","block_type":"box","text":"17","page_number":76,"box":{"x":783,"y":756,"width":16,"height":9}},{"id":"1fe9734a-79e7-48be-bd12-d58062a2c149","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":761,"width":9,"height":1}},{"id":"eca43835-4134-45c3-bea4-2d1eff4a9040","block_type":"box","text":"CHF (2)","page_number":76,"box":{"x":137,"y":771,"width":58,"height":12}},{"id":"04942fa7-7f4d-42f3-a985-6f2ab11ff80d","block_type":"box","text":"Sold CHF, Bought GBP 2 for settlement on 24/07/2026","page_number":76,"box":{"x":230,"y":771,"width":404,"height":12}},{"id":"7151c0b0-4173-4eb4-a696-eff985bb503e","block_type":"box","text":"–","page_number":76,"box":{"x":791,"y":777,"width":9,"height":1}},{"id":"ada04dcb-ef6c-4362-9664-063c332ee447","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":777,"width":9,"height":1}},{"id":"cc9c9d9a-7d01-489a-b726-90e309604ae9","block_type":"box","text":"CHF (19,446)","page_number":76,"box":{"x":95,"y":787,"width":100,"height":11}},{"id":"7ecc521b-66cd-412f-820b-81eadddba3e8","block_type":"box","text":"Sold CHF, Bought GBP 18,194 for settlement on","page_number":76,"box":{"x":230,"y":787,"width":357,"height":11}},{"id":"d44276a2-0871-444e-b1e2-9b5e599d943a","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":801,"width":83,"height":9}},{"id":"4acccf60-a559-4d02-ae52-a58d612f991b","block_type":"box","text":"46","page_number":76,"box":{"x":782,"y":801,"width":17,"height":9}},{"id":"da93611c-95fe-4074-8d0c-72f343005111","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":806,"width":9,"height":1}},{"id":"84584699-afb1-451c-a296-f17c2838d666","block_type":"box","text":"CHF (5)","page_number":76,"box":{"x":137,"y":816,"width":58,"height":12}},{"id":"1ec8ac8e-5075-4442-b4a6-6714da1edf3d","block_type":"box","text":"Sold CHF, Bought GBP 5 for settlement on 24/07/2026","page_number":76,"box":{"x":230,"y":816,"width":404,"height":12}},{"id":"775c6120-f5a2-4242-849b-ec2f51d94d80","block_type":"box","text":"–","page_number":76,"box":{"x":791,"y":822,"width":9,"height":0}},{"id":"c101c042-7428-4e2d-a869-c30f5dec3abc","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":822,"width":9,"height":0}},{"id":"ce1d5bde-20fb-4eb2-90bb-69d24a5f65f7","block_type":"box","text":"CHF (11,528)","page_number":76,"box":{"x":96,"y":832,"width":99,"height":11}},{"id":"cd45a747-46f5-4a51-b1ca-07145f9d0615","block_type":"box","text":"Sold CHF, Bought GBP 10,803 for settlement on","page_number":76,"box":{"x":230,"y":832,"width":357,"height":11}},{"id":"bc12ac09-4976-4b33-a575-2e59fbdd5a20","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":846,"width":83,"height":9}},{"id":"4d1e5c49-8505-4066-b151-ef86200e8530","block_type":"box","text":"45","page_number":76,"box":{"x":782,"y":846,"width":17,"height":9}},{"id":"60ef219d-4443-496a-98bf-62102a0cdb31","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":851,"width":9,"height":1}},{"id":"2884a219-420d-4dfc-a082-a10a1f2dcf03","block_type":"box","text":"CHF (34,636)","page_number":76,"box":{"x":95,"y":861,"width":100,"height":12}},{"id":"51b9ff14-253a-4a4a-80fe-8b1bc928dcfa","block_type":"box","text":"Sold CHF, Bought GBP 32,458 for settlement on","page_number":76,"box":{"x":230,"y":861,"width":363,"height":12}},{"id":"bfb3fd67-2e20-44cd-b07f-f072e548b7ad","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":876,"width":83,"height":9}},{"id":"bb069bcb-5c87-4f25-8e79-a4593cf97982","block_type":"box","text":"135","page_number":76,"box":{"x":774,"y":876,"width":25,"height":9}},{"id":"0854f349-5819-424e-8761-8118983f2e81","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":881,"width":9,"height":1}},{"id":"85ff2c86-a242-40ee-960f-c287da508024","block_type":"box","text":"CHF (99,008)","page_number":76,"box":{"x":95,"y":891,"width":100,"height":11}},{"id":"65f75fa2-cbe2-4e6e-b082-7b1b2beb3dee","block_type":"box","text":"Sold CHF, Bought GBP 92,949 for settlement on","page_number":76,"box":{"x":230,"y":891,"width":363,"height":11}},{"id":"ce38167e-d005-43be-a680-e268731d7970","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":905,"width":83,"height":9}},{"id":"92d3ca94-17ab-446f-b3bc-7d00ba24d0db","block_type":"box","text":"552","page_number":76,"box":{"x":773,"y":905,"width":26,"height":9}},{"id":"dde14fda-b7f2-4456-a3c8-6f5bf81558b5","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":910,"width":9,"height":1}},{"id":"3e42485b-618c-4388-8640-6528d509c7da","block_type":"box","text":"CHF (42,142)","page_number":76,"box":{"x":95,"y":921,"width":100,"height":11}},{"id":"758cb51f-5cfa-43da-b348-ae64195f2dc8","block_type":"box","text":"Sold CHF, Bought GBP 39,423 for settlement on","page_number":76,"box":{"x":230,"y":921,"width":357,"height":11}},{"id":"f7532ed4-1a19-49f6-9365-39c36a833c6f","block_type":"box","text":"24/07/2026","page_number":76,"box":{"x":229,"y":935,"width":83,"height":9}},{"id":"84a7f756-983c-4511-936a-36d265353d5d","block_type":"box","text":"96","page_number":76,"box":{"x":782,"y":935,"width":17,"height":9}},{"id":"72f5a1dd-74e1-4dc0-933c-b960c934bbd4","block_type":"box","text":"–","page_number":76,"box":{"x":948,"y":940,"width":9,"height":1}},{"id":"be0e7f20-09b7-4449-94ae-18737ff32f2c","block_type":"box","text":"76","page_number":77,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"dde62578-7731-492e-a898-e6da0b0599d3","block_type":"box","text":"77","page_number":77,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"97759e81-0d9a-411d-97f1-919f031dbdf8","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":77,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"017d0b16-c674-45e9-a262-5b8a834513da","block_type":"box","text":"Portfolio Statement (continued)","page_number":77,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"51359c48-f6d8-4b5a-9c2a-2dcb28743f69","block_type":"box","text":"Holding","page_number":77,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"935f19cc-58b9-4b9d-9cb6-11245d8fa507","block_type":"box","text":"Investment","page_number":77,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"81651e82-2bb2-4265-bac8-25c0e1e2253b","block_type":"box","text":"Market","page_number":77,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"40b0c5e5-ebdd-472b-a2aa-81544e62eb17","block_type":"box","text":"Value","page_number":77,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"b347a53e-9127-481d-b4bc-03a1fdedc163","block_type":"box","text":"£","page_number":77,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"1cfa8c43-7388-4908-9b1d-53d406d328df","block_type":"box","text":"% of","page_number":77,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"ad077627-8b24-40f1-b629-be595893ac60","block_type":"box","text":"Net Assets","page_number":77,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"7d59fa6d-7cf3-4d91-ac3d-05edefff4f03","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":77,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"e1bc7537-8827-494b-a643-1ce3b52ce705","block_type":"box","text":"CHF 0","page_number":77,"box":{"x":148,"y":183,"width":47,"height":9}},{"id":"77044baa-6439-4102-86fe-13190ab2c7fc","block_type":"box","text":"Sold CHF, Bought GBP – for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":183,"width":404,"height":11}},{"id":"96f705c6-6573-4aae-b280-d7a99c303ddd","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"eb693dc6-0c1a-48a7-848e-f61a5f1d42b6","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"5f276cf7-44c9-42d6-a023-b7036b2e0519","block_type":"box","text":"CHF (2,430)","page_number":77,"box":{"x":104,"y":198,"width":91,"height":11}},{"id":"9aeaf3f2-d661-4977-93cb-36969322352c","block_type":"box","text":"Sold CHF, Bought GBP 2,274 for settlement on","page_number":77,"box":{"x":230,"y":198,"width":353,"height":11}},{"id":"a1e43d2a-532f-48cb-b764-e091b11d358e","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"ae929d55-4d5f-47f3-889f-369b6f01c166","block_type":"box","text":"6","page_number":77,"box":{"x":791,"y":213,"width":8,"height":8}},{"id":"94700701-23e0-4180-b777-9cfbb0a8967a","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"eba64001-6135-4d63-90fe-41efc54ed0e4","block_type":"box","text":"CHF (3)","page_number":77,"box":{"x":137,"y":228,"width":58,"height":11}},{"id":"cb9bba0a-b7f5-4ace-bc60-f8043ae5d265","block_type":"box","text":"Sold CHF, Bought GBP 3 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":228,"width":404,"height":11}},{"id":"68a93238-a48a-4759-9f22-bfd3e8645d1c","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"82fda0aa-6edb-4b6a-80ec-e8400c8ef14c","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"fa76f916-d165-44d3-bce5-76fa6c57b403","block_type":"box","text":"CHF (5,242)","page_number":77,"box":{"x":104,"y":243,"width":91,"height":11}},{"id":"fa7ee387-6135-43bf-b48d-22978d5e259a","block_type":"box","text":"Sold CHF, Bought GBP 4,904 for settlement on","page_number":77,"box":{"x":230,"y":243,"width":353,"height":11}},{"id":"c95bf3d2-70c2-421b-97a4-0d3f0c34b85b","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":257,"width":83,"height":9}},{"id":"a90ad664-7ff1-4c70-bcb1-ab8c9a8205a3","block_type":"box","text":"12","page_number":77,"box":{"x":783,"y":257,"width":16,"height":9}},{"id":"14685321-6fea-4ffe-b608-a2104455ff9a","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"0d5d760f-6b36-4fd4-ba01-9ddc17f3cd51","block_type":"box","text":"CHF (30,111)","page_number":77,"box":{"x":97,"y":273,"width":98,"height":11}},{"id":"fcdc266c-6125-4fca-bfef-ed9c59f48736","block_type":"box","text":"Sold CHF, Bought GBP 28,268 for settlement on","page_number":77,"box":{"x":230,"y":273,"width":363,"height":11}},{"id":"a2510a91-b43c-415f-9876-73234d4851be","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"d773fdc9-7fed-4d49-a1c1-9994813dd287","block_type":"box","text":"168","page_number":77,"box":{"x":774,"y":287,"width":25,"height":9}},{"id":"9c68cfcc-fb4e-49fc-a44e-00602e390288","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"17bb10a6-78d8-4e09-ba43-16735e7fe7af","block_type":"box","text":"CHF 0","page_number":77,"box":{"x":148,"y":302,"width":47,"height":9}},{"id":"f506d49a-13ed-4b7f-b36b-3508c8618c16","block_type":"box","text":"Sold CHF, Bought GBP – for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":302,"width":404,"height":12}},{"id":"34b70f5c-74fa-47aa-a4b5-5fef46a5f268","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":308,"width":9,"height":0}},{"id":"b27eebaa-2d81-4efd-8c7d-dd410410fd0b","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"41b4226b-8dc8-4ce1-b5ed-97dc5641f9da","block_type":"box","text":"CHF (167)","page_number":77,"box":{"x":118,"y":318,"width":77,"height":11}},{"id":"3e6edc3e-dffc-418b-a75f-e6eaeed4e924","block_type":"box","text":"Sold CHF, Bought GBP 156 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":318,"width":423,"height":11}},{"id":"b2296372-b4bf-4f6a-bb6a-0e99e068c0f6","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":323,"width":9,"height":1}},{"id":"1a6bd3db-9694-40c0-b65d-d06612c8ad16","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"72ae0d23-7d71-41f6-9d24-e709e7761d58","block_type":"box","text":"CHF (2)","page_number":77,"box":{"x":137,"y":333,"width":58,"height":11}},{"id":"ecd09ab2-c591-401d-b0f5-7c79dedcd046","block_type":"box","text":"Sold CHF, Bought GBP 2 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":333,"width":404,"height":11}},{"id":"b756aa7d-dcb4-41b4-b205-979ad13cebfb","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":338,"width":9,"height":1}},{"id":"fa60e3c9-8983-48f2-8cc1-02b1f8b74d71","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":338,"width":9,"height":1}},{"id":"93694328-93d2-4e48-acdc-cf387de2ce30","block_type":"box","text":"CHF (738)","page_number":77,"box":{"x":118,"y":348,"width":77,"height":12}},{"id":"42eeab24-62f5-4a6d-8f83-a864c033f3ba","block_type":"box","text":"Sold CHF, Bought GBP 691 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":348,"width":423,"height":12}},{"id":"d2301177-6010-42c3-bb4c-308a270c446c","block_type":"box","text":"2","page_number":77,"box":{"x":791,"y":348,"width":8,"height":9}},{"id":"82b30fa7-8bbd-4c07-9aad-9098173f8f05","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":354,"width":9,"height":0}},{"id":"cc7eddbb-f530-40d7-9cbd-7ae07166d648","block_type":"box","text":"CHF (1,319)","page_number":77,"box":{"x":104,"y":364,"width":91,"height":11}},{"id":"6656c8b4-1586-4576-b63a-892a02bb6909","block_type":"box","text":"Sold CHF, Bought GBP 1,236 for settlement on","page_number":77,"box":{"x":230,"y":364,"width":353,"height":11}},{"id":"d8beeee0-da25-4034-973b-39a7bc7de76f","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":378,"width":83,"height":9}},{"id":"8ac9a432-cac7-4bc1-a90e-3b9d4b3f3f9d","block_type":"box","text":"5","page_number":77,"box":{"x":792,"y":378,"width":7,"height":9}},{"id":"c72c6e7e-d7de-4fd8-b92a-9868d70132c4","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":383,"width":9,"height":1}},{"id":"df69ccb4-70cf-4e2d-8ad1-a72c39474067","block_type":"box","text":"CHF (1,604)","page_number":77,"box":{"x":104,"y":393,"width":91,"height":12}},{"id":"80533cf0-aa02-4db6-934a-7321fe829a9a","block_type":"box","text":"Sold CHF, Bought GBP 1,500 for settlement on","page_number":77,"box":{"x":230,"y":393,"width":353,"height":12}},{"id":"e4718bbe-2e5a-46e7-9aa8-4b894531ee6f","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":408,"width":83,"height":9}},{"id":"c3bb8bde-0cba-4350-be67-05bc68333727","block_type":"box","text":"4","page_number":77,"box":{"x":791,"y":408,"width":8,"height":8}},{"id":"b7d3e589-5549-4b41-934f-7b51cf82f97a","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"ad0654fa-08e1-4a9d-a3c4-67ab2ac1f38f","block_type":"box","text":"CHF (9)","page_number":77,"box":{"x":137,"y":423,"width":58,"height":11}},{"id":"995073f0-86a2-423e-8a3f-a4949e7e23ad","block_type":"box","text":"Sold CHF, Bought GBP 9 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":423,"width":404,"height":11}},{"id":"f40e3a25-ab09-4bed-b9c1-fa78fe934da1","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":428,"width":9,"height":1}},{"id":"e4ea8724-ee2c-4fd9-b28d-c06fc9d83815","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":428,"width":9,"height":1}},{"id":"cc159d0d-7dc3-4524-9f33-9e87fe0773c6","block_type":"box","text":"CHF (8)","page_number":77,"box":{"x":137,"y":438,"width":58,"height":12}},{"id":"827bac0a-4b47-49a6-936f-96373cadcb20","block_type":"box","text":"Sold CHF, Bought GBP 7 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":438,"width":404,"height":12}},{"id":"9a360421-375a-4744-b2e3-6bec94e519ba","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":444,"width":9,"height":0}},{"id":"e35a48b8-4dbe-4e3d-a29d-addab6954453","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":444,"width":9,"height":0}},{"id":"7d67f935-58e5-4194-b490-cc958b63dead","block_type":"box","text":"CHF (1)","page_number":77,"box":{"x":137,"y":454,"width":58,"height":11}},{"id":"9d3a3221-ba2f-48f0-a5cf-9efb0fd85ce8","block_type":"box","text":"Sold CHF, Bought GBP 1 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":454,"width":404,"height":11}},{"id":"96102133-7489-47ec-9e64-58d564b9d645","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":459,"width":9,"height":1}},{"id":"f8950a88-b755-4068-804e-1b97895d4181","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":459,"width":9,"height":1}},{"id":"49641ff2-ea14-4efb-98c0-4ddf305f09a6","block_type":"box","text":"CHF (21)","page_number":77,"box":{"x":127,"y":469,"width":68,"height":11}},{"id":"4a11cb62-9370-4152-981f-b0506459e926","block_type":"box","text":"Sold CHF, Bought GBP 20 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":469,"width":413,"height":11}},{"id":"26937783-cde0-49b3-8c79-d05fb9a953fc","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":474,"width":9,"height":1}},{"id":"cbbc0be4-4bb4-4fe9-8b98-de0521fc9742","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":474,"width":9,"height":1}},{"id":"1dd0fc1c-4894-47ba-96d6-3c3482b3443d","block_type":"box","text":"CHF (262,960)","page_number":77,"box":{"x":85,"y":484,"width":110,"height":12}},{"id":"5c2b7651-6174-448a-ba1e-2cfb842aaa64","block_type":"box","text":"Sold CHF, Bought GBP 246,867 for settlement on","page_number":77,"box":{"x":230,"y":484,"width":372,"height":12}},{"id":"23b711e3-f4b6-4ad3-9f88-dc5e09668629","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":499,"width":83,"height":9}},{"id":"711e037f-f2c7-4365-85b1-a83358f55f85","block_type":"box","text":"1,467","page_number":77,"box":{"x":760,"y":499,"width":39,"height":10}},{"id":"cf086ca8-429a-4b39-85cc-8c6e877b0183","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":504,"width":9,"height":1}},{"id":"488dbb4f-9aa8-45ae-8696-4ded5d4fb525","block_type":"box","text":"CHF (3)","page_number":77,"box":{"x":137,"y":514,"width":58,"height":11}},{"id":"3b57c5ce-3be4-498b-9473-bf785566aeec","block_type":"box","text":"Sold CHF, Bought GBP 3 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":514,"width":404,"height":11}},{"id":"7ce3e6fa-e976-41a6-a92b-7ec1519098a0","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":519,"width":9,"height":1}},{"id":"98073f31-1381-47de-89f0-58274a79063b","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":519,"width":9,"height":1}},{"id":"773ae290-baf3-4486-a5b4-49960cf3e44e","block_type":"box","text":"CHF (63)","page_number":77,"box":{"x":127,"y":529,"width":68,"height":12}},{"id":"319f0555-defc-4432-9d41-8aa9f4d7b2f6","block_type":"box","text":"Sold CHF, Bought GBP 59 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":529,"width":413,"height":12}},{"id":"44513bdf-6b0f-448a-a8d8-dd903f3a89e7","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":535,"width":9,"height":1}},{"id":"df0106ac-3865-412a-a218-73b419752459","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":535,"width":9,"height":1}},{"id":"323c9dfe-f75a-4f47-8afc-618edbacf515","block_type":"box","text":"CHF (13,105)","page_number":77,"box":{"x":95,"y":545,"width":100,"height":11}},{"id":"e39091f9-a47e-471e-90ad-0ca1a27f2f14","block_type":"box","text":"Sold CHF, Bought GBP 12,281 for settlement on","page_number":77,"box":{"x":230,"y":545,"width":363,"height":11}},{"id":"cfe1c34d-482d-4064-93bc-c4234aa671d6","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":559,"width":83,"height":9}},{"id":"c2a7587b-2c1c-4cc7-b0d7-39babfc67be6","block_type":"box","text":"51","page_number":77,"box":{"x":782,"y":559,"width":15,"height":9}},{"id":"919cccbf-839f-4c8c-b568-854279b800e3","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":564,"width":9,"height":1}},{"id":"d3739462-c74f-4e5a-9559-81954bbd73ff","block_type":"box","text":"CHF (1)","page_number":77,"box":{"x":137,"y":574,"width":58,"height":12}},{"id":"7c21c669-5313-4864-b9f8-d6ff91ba4c0a","block_type":"box","text":"Sold CHF, Bought GBP 1 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":574,"width":404,"height":12}},{"id":"969ef6fe-efcd-44dd-9b12-f5fdc85dc9b7","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":580,"width":9,"height":1}},{"id":"6edce4ca-0ffb-4a74-9976-6bc2f26685a2","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":580,"width":9,"height":1}},{"id":"915c772e-9f44-4a37-a6e2-702dec159e22","block_type":"box","text":"CHF (15,945)","page_number":77,"box":{"x":95,"y":590,"width":100,"height":11}},{"id":"9e668fad-366a-475e-a828-e489f8b072cd","block_type":"box","text":"Sold CHF, Bought GBP 14,916 for settlement on","page_number":77,"box":{"x":230,"y":590,"width":363,"height":11}},{"id":"a37f4bfe-e3e6-4d87-a6fc-79866d52bd2b","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":604,"width":83,"height":9}},{"id":"e267abd0-28e2-4df3-b71f-6bc285cd7bfb","block_type":"box","text":"36","page_number":77,"box":{"x":782,"y":604,"width":17,"height":9}},{"id":"fad1b61c-7b66-4f96-ab1c-61a9b4f0cdfc","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":609,"width":9,"height":1}},{"id":"50c67e9c-db96-4ad2-8cb4-59306f035c5a","block_type":"box","text":"CHF (7,358)","page_number":77,"box":{"x":104,"y":619,"width":91,"height":12}},{"id":"ac22953a-8734-4af6-b10c-6a13e4d24ce7","block_type":"box","text":"Sold CHF, Bought GBP 6,884 for settlement on","page_number":77,"box":{"x":230,"y":619,"width":353,"height":12}},{"id":"e474f9b8-ac4d-4f48-bf0b-b7d6624d9186","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":634,"width":83,"height":9}},{"id":"c7cba007-b729-45d8-b653-db339b94d30a","block_type":"box","text":"17","page_number":77,"box":{"x":783,"y":634,"width":16,"height":8}},{"id":"e1a33a46-bed0-4876-aa49-95924e38a302","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":639,"width":9,"height":1}},{"id":"43069c55-9571-48d4-94f6-ecd0e3793d32","block_type":"box","text":"CHF (4)","page_number":77,"box":{"x":137,"y":649,"width":58,"height":11}},{"id":"22776fa5-d147-4ded-be33-9e424913814a","block_type":"box","text":"Sold CHF, Bought GBP 4 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":649,"width":404,"height":11}},{"id":"955c8955-64c7-4e8b-92b7-974125d6f0ba","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":654,"width":9,"height":1}},{"id":"6d8562f9-dcb1-4183-9d59-914e5b0e5bd2","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":654,"width":9,"height":1}},{"id":"e86f834b-c423-48c0-b444-91d486c118f7","block_type":"box","text":"CHF (2)","page_number":77,"box":{"x":137,"y":664,"width":58,"height":12}},{"id":"9a78c9a9-d090-433a-9e3a-811898cbfceb","block_type":"box","text":"Sold CHF, Bought GBP 2 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":664,"width":404,"height":12}},{"id":"81e5c8f7-3e71-4dce-a625-392d71e22e4c","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":670,"width":9,"height":0}},{"id":"42786f37-0b26-422d-9506-91e22908624d","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":670,"width":9,"height":0}},{"id":"d6b1cc8b-3da8-4ea8-949e-4c1430c77b04","block_type":"box","text":"CHF (14,004)","page_number":77,"box":{"x":95,"y":680,"width":100,"height":11}},{"id":"80770336-b13a-494b-98c3-924f93d42e50","block_type":"box","text":"Sold CHF, Bought GBP 13,101 for settlement on","page_number":77,"box":{"x":230,"y":680,"width":363,"height":11}},{"id":"fd4ebfdf-411c-4e5f-acda-f9cbe5a2c54e","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":694,"width":83,"height":9}},{"id":"9335534a-0e1b-4f02-a17b-67e8dc3fad39","block_type":"box","text":"32","page_number":77,"box":{"x":782,"y":694,"width":17,"height":9}},{"id":"ec7aed26-10c2-4da6-aa8d-347ef433b34d","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":699,"width":9,"height":1}},{"id":"f71c2039-154d-4efb-8c33-fe7706de6bc1","block_type":"box","text":"CHF (5,813)","page_number":77,"box":{"x":104,"y":709,"width":91,"height":12}},{"id":"064027eb-064a-44fe-8455-3db87e59e4f8","block_type":"box","text":"Sold CHF, Bought GBP 5,457 for settlement on","page_number":77,"box":{"x":230,"y":709,"width":347,"height":12}},{"id":"ec97d455-71bc-48ca-95fd-a8414986b1da","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":724,"width":83,"height":9}},{"id":"a0764e16-55d3-453b-9afe-77a432c4a29e","block_type":"box","text":"32","page_number":77,"box":{"x":782,"y":724,"width":17,"height":9}},{"id":"4150fe45-587f-4600-acea-5b5ad50e902e","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":729,"width":9,"height":1}},{"id":"fb57f6ed-0071-47df-a895-280ca18110bb","block_type":"box","text":"CHF (17)","page_number":77,"box":{"x":127,"y":739,"width":68,"height":11}},{"id":"f0f4b026-c554-489a-a79a-d85be3172876","block_type":"box","text":"Sold CHF, Bought GBP 16 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":739,"width":413,"height":11}},{"id":"35206d5f-5598-4fbf-a0b2-afaca98eb6da","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":744,"width":9,"height":1}},{"id":"0c9f0583-85a6-4716-a152-21aba11d93aa","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":744,"width":9,"height":1}},{"id":"0e76262f-93e6-4d56-9fec-94c7788d935a","block_type":"box","text":"CHF (173)","page_number":77,"box":{"x":118,"y":754,"width":77,"height":12}},{"id":"e42d34cf-f86d-4460-baad-99f9473f3ed8","block_type":"box","text":"Sold CHF, Bought GBP 161 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":754,"width":423,"height":12}},{"id":"ad16b8a4-0b23-462e-b889-874894278f6a","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":760,"width":9,"height":0}},{"id":"f16d5e7f-57bd-4e3f-b7f6-a451f051d339","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":760,"width":9,"height":0}},{"id":"1c035da3-9b55-459b-9627-7bf2f50d0794","block_type":"box","text":"CHF (78,348)","page_number":77,"box":{"x":95,"y":770,"width":100,"height":11}},{"id":"84384eab-5c88-42c5-9ea7-cec840f72b70","block_type":"box","text":"Sold CHF, Bought GBP 73,553 for settlement on","page_number":77,"box":{"x":230,"y":770,"width":357,"height":11}},{"id":"1e5c0986-c1f1-40fb-a28e-b98b3abdb741","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":784,"width":83,"height":9}},{"id":"8d899dc8-9ba6-42ac-a000-f6f9c7d0cc12","block_type":"box","text":"437","page_number":77,"box":{"x":772,"y":784,"width":27,"height":9}},{"id":"e15d3f44-c609-45e0-9378-4f39b8be3013","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":789,"width":9,"height":1}},{"id":"b8713cc6-3f79-4426-8c90-c3297e172866","block_type":"box","text":"CHF (1,925)","page_number":77,"box":{"x":104,"y":799,"width":91,"height":12}},{"id":"5e633805-0386-417a-956f-19637eb5e377","block_type":"box","text":"Sold CHF, Bought GBP 1,801 for settlement on","page_number":77,"box":{"x":230,"y":799,"width":347,"height":12}},{"id":"393eb55a-955d-46e6-968a-6735cc869245","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":814,"width":83,"height":8}},{"id":"6925acb3-ad3b-4553-a0f4-11cc8d9a1324","block_type":"box","text":"5","page_number":77,"box":{"x":792,"y":814,"width":7,"height":8}},{"id":"4cd048a6-e4c5-4bf9-ba45-cf4a1c7f668f","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":819,"width":9,"height":1}},{"id":"67d7e73e-368a-4031-932b-859cc1e12e19","block_type":"box","text":"CHF (3,435)","page_number":77,"box":{"x":104,"y":829,"width":91,"height":11}},{"id":"4c73b477-c61f-4fc0-a7b5-5fcdeb006bb6","block_type":"box","text":"Sold CHF, Bought GBP 3,219 for settlement on","page_number":77,"box":{"x":230,"y":829,"width":347,"height":11}},{"id":"a259de22-c064-491b-8805-e045ec1fd440","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":843,"width":83,"height":9}},{"id":"5366326c-1591-42ea-a88e-0083ec4e7e0e","block_type":"box","text":"13","page_number":77,"box":{"x":783,"y":843,"width":16,"height":9}},{"id":"434d8f9c-fb83-4a89-940c-bb4cdb5c3cbc","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":848,"width":9,"height":1}},{"id":"4658b2dd-7c48-43f0-9a56-dc1683d6602e","block_type":"box","text":"CHF (4,177)","page_number":77,"box":{"x":104,"y":859,"width":91,"height":11}},{"id":"1f7039d9-3085-4cc8-a342-7340a4681461","block_type":"box","text":"Sold CHF, Bought GBP 3,908 for settlement on","page_number":77,"box":{"x":230,"y":859,"width":353,"height":11}},{"id":"c028065d-c6e3-4bda-a3b7-ff74237d4f58","block_type":"box","text":"24/07/2026","page_number":77,"box":{"x":229,"y":873,"width":83,"height":9}},{"id":"eed9d5ac-ed26-489d-96dc-1d3551a0fe16","block_type":"box","text":"10","page_number":77,"box":{"x":783,"y":873,"width":16,"height":9}},{"id":"ae94cc3f-2a28-46cc-ae27-2ae5d907f353","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":878,"width":9,"height":1}},{"id":"638ac35a-51ce-4fa0-a1bc-0d80f2e9a6e4","block_type":"box","text":"CHF (143)","page_number":77,"box":{"x":118,"y":888,"width":77,"height":11}},{"id":"e1a0d593-4348-4d26-bf9f-7b7c65ed4a82","block_type":"box","text":"Sold CHF, Bought GBP 134 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":888,"width":423,"height":11}},{"id":"ff578161-8aba-42eb-a5c4-74e17101268c","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":893,"width":9,"height":1}},{"id":"0154df54-bf7c-49a1-8af4-856e495f1dec","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":893,"width":9,"height":1}},{"id":"91c73176-9188-4104-b63a-a6f8747585aa","block_type":"box","text":"CHF (255)","page_number":77,"box":{"x":118,"y":904,"width":77,"height":11}},{"id":"e384be02-0770-4d21-b694-3e4272066a31","block_type":"box","text":"Sold CHF, Bought GBP 239 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":904,"width":423,"height":11}},{"id":"9fc1119b-9969-4afa-a893-e6dc72d1658c","block_type":"box","text":"1","page_number":77,"box":{"x":793,"y":904,"width":4,"height":8}},{"id":"52e78db1-cfdb-4a6b-9b1f-340d44803134","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":909,"width":9,"height":1}},{"id":"5b267553-e601-44c6-8e12-7b62d4a998c0","block_type":"box","text":"CHF (6)","page_number":77,"box":{"x":137,"y":919,"width":58,"height":11}},{"id":"91f45881-7e3a-4628-94a9-4466b7a5105c","block_type":"box","text":"Sold CHF, Bought GBP 6 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":919,"width":404,"height":11}},{"id":"18a0b72b-da8d-432e-a84f-a0cd36bf9106","block_type":"box","text":"–","page_number":77,"box":{"x":791,"y":924,"width":9,"height":1}},{"id":"050413cc-218a-4357-af8e-0327dcf4ba18","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":924,"width":9,"height":1}},{"id":"6457e88a-9675-4177-8714-4f94799c6e72","block_type":"box","text":"CHF (310)","page_number":77,"box":{"x":118,"y":934,"width":77,"height":12}},{"id":"03fdce53-234a-435b-9331-567455e58dbf","block_type":"box","text":"Sold CHF, Bought GBP 290 for settlement on 24/07/2026","page_number":77,"box":{"x":230,"y":934,"width":423,"height":12}},{"id":"239259c3-d6e3-4e41-a8c8-5275180acaab","block_type":"box","text":"1","page_number":77,"box":{"x":793,"y":934,"width":4,"height":9}},{"id":"77106448-c59b-48df-90fa-bba8c44a37a2","block_type":"box","text":"–","page_number":77,"box":{"x":948,"y":939,"width":9,"height":1}},{"id":"7573bafb-37f4-45b1-ba7e-b93cf09c423b","block_type":"box","text":"77","page_number":78,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"7ded8878-f462-4424-825e-74bb08765a02","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":78,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"3264726e-349f-4369-a671-80b32ef1747e","block_type":"box","text":"Portfolio Statement (continued)","page_number":78,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"57983c5d-2f84-4946-b042-1d9d013494d5","block_type":"box","text":"Holding","page_number":78,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"b2cf8cd4-e46b-46da-afc3-34b4c08c2bc5","block_type":"box","text":"Investment","page_number":78,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"27bd7374-2341-4737-ba2e-1d1ab3dcca70","block_type":"box","text":"Market","page_number":78,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"d55839b6-ded9-46e1-9011-086268417e63","block_type":"box","text":"Value","page_number":78,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"4784b666-4971-4cf1-9413-14c803d2224e","block_type":"box","text":"£","page_number":78,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"28477ec2-4f33-4e4b-b4e2-dbd8f3cfda8f","block_type":"box","text":"% of","page_number":78,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"a0ed1833-041b-48ef-99da-4ed38d0a0cef","block_type":"box","text":"Net Assets","page_number":78,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"a4a7bcd6-ef4f-40f3-af95-a5dc6cfb640b","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":78,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"a150029f-4104-44dc-a93d-a40f7bc0492e","block_type":"box","text":"EUR (1,480)","page_number":78,"box":{"x":104,"y":183,"width":91,"height":11}},{"id":"da25b46f-ba78-49e2-8992-25baf0c0c580","block_type":"box","text":"Sold EUR, Bought GBP 1,273 for settlement on","page_number":78,"box":{"x":230,"y":183,"width":356,"height":11}},{"id":"e747dcb8-4b9f-4d82-a2ad-c7b977f342b9","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"00fa2448-e2f6-4560-85b4-ad8ab910aeea","block_type":"box","text":"4","page_number":78,"box":{"x":791,"y":197,"width":8,"height":9}},{"id":"eb94710a-bbaf-4a59-b371-5fa520de013c","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"ba6c6893-5722-4ca3-85ec-24ddcefe67bc","block_type":"box","text":"EUR (54)","page_number":78,"box":{"x":127,"y":212,"width":68,"height":12}},{"id":"bb9e3c75-f2df-4485-b8b9-836c1f42e031","block_type":"box","text":"Sold EUR, Bought GBP 47 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":212,"width":416,"height":12}},{"id":"cf510db5-ca97-4ff3-83fe-dc37ebda440e","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":218,"width":9,"height":0}},{"id":"313aa902-c540-499e-b101-0e811a1e25fc","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"e18f32ac-c9cb-4d66-b5e3-54f472328b86","block_type":"box","text":"EUR (12)","page_number":78,"box":{"x":127,"y":228,"width":68,"height":11}},{"id":"7ebaa06c-c051-4f85-9d6f-5125f5b9e849","block_type":"box","text":"Sold EUR, Bought GBP 10 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":228,"width":416,"height":11}},{"id":"08e40e39-e26e-472a-a252-91bbbe75ec17","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"f37c3a0e-7006-4a85-8b06-16e3b9017d8c","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"7d5c5a72-a3e5-4015-b045-1d0d4469504c","block_type":"box","text":"EUR (152)","page_number":78,"box":{"x":118,"y":243,"width":77,"height":11}},{"id":"def0da40-c94a-452d-97c5-cb6a66ff203d","block_type":"box","text":"Sold EUR, Bought GBP 131 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":243,"width":425,"height":11}},{"id":"a283397a-fccb-4784-b27b-0effefb3ca48","block_type":"box","text":"1","page_number":78,"box":{"x":793,"y":243,"width":4,"height":9}},{"id":"0656f242-2456-4540-a48c-4b5639cd28f9","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"91890eaa-c672-449c-803c-aadc673731c6","block_type":"box","text":"EUR (10)","page_number":78,"box":{"x":127,"y":258,"width":68,"height":12}},{"id":"2f2ac680-e7e4-4b8e-8945-9f2f9b118e20","block_type":"box","text":"Sold EUR, Bought GBP 8 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":258,"width":407,"height":12}},{"id":"5eee0b44-4047-4139-a78d-9059ae5a7b2d","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":264,"width":9,"height":1}},{"id":"87e8a02a-2cf5-4100-9db7-d619c175e1ca","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":264,"width":9,"height":1}},{"id":"043ce88a-dd54-47c7-bfb0-f1b6f0e9310f","block_type":"box","text":"EUR (1,871,479)","page_number":78,"box":{"x":71,"y":274,"width":124,"height":11}},{"id":"184f0f9b-9248-4acb-a925-0769085ed4e1","block_type":"box","text":"Sold EUR, Bought GBP 1,624,391 for settlement on","page_number":78,"box":{"x":230,"y":274,"width":389,"height":11}},{"id":"f9950e7a-365a-421f-ac61-81da659de853","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":288,"width":83,"height":9}},{"id":"9ade769d-303f-43a2-af85-8840b85bcdd2","block_type":"box","text":"20,36","page_number":78,"box":{"x":749,"y":288,"width":41,"height":10}},{"id":"dad18dec-1a3b-40da-9fec-41fca3b6393c","block_type":"box","text":"3","page_number":78,"box":{"x":792,"y":288,"width":7,"height":9}},{"id":"395fc821-c2cb-49f5-a5a6-29e4b5e0cdc6","block_type":"box","text":"0.01","page_number":78,"box":{"x":925,"y":288,"width":29,"height":9}},{"id":"aedc427c-8a58-48d8-89b0-440cac793169","block_type":"box","text":"EUR (184)","page_number":78,"box":{"x":118,"y":303,"width":77,"height":12}},{"id":"56febdce-1ed0-4aa4-8c7d-f7140b2c101c","block_type":"box","text":"Sold EUR, Bought GBP 158 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":303,"width":425,"height":12}},{"id":"b16f478f-2f13-4c12-a2b6-567b078d9135","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":309,"width":9,"height":1}},{"id":"23a3645a-0293-4cdf-8747-38a52aa4fe23","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":309,"width":9,"height":1}},{"id":"c01a4934-3160-4e73-9538-416574c6188c","block_type":"box","text":"EUR (17)","page_number":78,"box":{"x":127,"y":319,"width":68,"height":11}},{"id":"e187ad9d-f0fd-4573-873c-ada3e4bcbf29","block_type":"box","text":"Sold EUR, Bought GBP 14 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":319,"width":416,"height":11}},{"id":"0349329d-5d71-4d4d-8f99-6c9faa6c6ecf","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":324,"width":9,"height":1}},{"id":"1ac2a617-5836-48f3-b6de-ba5ad81690e5","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":324,"width":9,"height":1}},{"id":"9826372d-12b6-430b-bf86-6613d4a8f1d3","block_type":"box","text":"EUR (449)","page_number":78,"box":{"x":118,"y":334,"width":77,"height":11}},{"id":"2228e075-b3bd-4eac-a90c-1fc4a8c6d15a","block_type":"box","text":"Sold EUR, Bought GBP 389 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":334,"width":425,"height":11}},{"id":"88734c08-af3c-4de0-87d6-1483fc1da4a6","block_type":"box","text":"5","page_number":78,"box":{"x":792,"y":335,"width":7,"height":8}},{"id":"52894a3e-9d1d-4f2d-80b4-abed262487f0","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":339,"width":9,"height":1}},{"id":"95e313d8-6c96-45bd-ae33-c25b937e91ad","block_type":"box","text":"EUR (1)","page_number":78,"box":{"x":136,"y":349,"width":59,"height":12}},{"id":"e654d316-ed57-4d1e-bb7a-f3e2d4805a9d","block_type":"box","text":"Sold EUR, Bought GBP 1 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":349,"width":407,"height":12}},{"id":"def90071-cf9f-43da-a62f-48b25f4edfe3","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":355,"width":9,"height":1}},{"id":"a1066257-7b70-4442-a101-0d6083456d04","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":355,"width":9,"height":1}},{"id":"d982921b-60f5-4f1a-a545-387d5765f57d","block_type":"box","text":"EUR (95,186)","page_number":78,"box":{"x":94,"y":365,"width":101,"height":11}},{"id":"d80af5fd-fbf0-4d8d-b079-235569789df2","block_type":"box","text":"Sold EUR, Bought GBP 82,089 for settlement on","page_number":78,"box":{"x":230,"y":365,"width":365,"height":11}},{"id":"a348fc2a-6b56-4d7c-b6a0-f5349670705c","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":379,"width":83,"height":9}},{"id":"726c3b60-df2c-43c9-9b97-72bdfa4f72e7","block_type":"box","text":"506","page_number":78,"box":{"x":773,"y":379,"width":26,"height":9}},{"id":"96a7a444-db3c-4b2a-82f2-7b80c90e5b9f","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":384,"width":9,"height":1}},{"id":"f1eb719d-956c-42fd-867d-b7e7a5b0bf7a","block_type":"box","text":"EUR (49,275)","page_number":78,"box":{"x":94,"y":394,"width":101,"height":12}},{"id":"f984ec8d-952c-4c7d-ad32-a36b13857be5","block_type":"box","text":"Sold EUR, Bought GBP 42,274 for settlement on","page_number":78,"box":{"x":230,"y":394,"width":365,"height":12}},{"id":"adb10e55-b2b3-4a90-8f8f-461e257da253","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":409,"width":83,"height":9}},{"id":"a2ca0f6b-b039-4935-88ff-fe607e1a4a30","block_type":"box","text":"41","page_number":78,"box":{"x":782,"y":409,"width":15,"height":9}},{"id":"39559040-8b06-4c91-8b27-ef7dc406f2f3","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":414,"width":9,"height":1}},{"id":"a2066df3-010d-47f1-996a-034a9f4dcc3a","block_type":"box","text":"EUR (56,020)","page_number":78,"box":{"x":94,"y":424,"width":101,"height":11}},{"id":"856990e6-9486-4026-820a-f2d077f7c304","block_type":"box","text":"Sold EUR, Bought GBP 48,061 for settlement on","page_number":78,"box":{"x":230,"y":424,"width":365,"height":11}},{"id":"b79cd9e3-8483-4a20-b1a5-ffd4e12924ed","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":438,"width":83,"height":9}},{"id":"64afa1b7-457c-46e6-a099-4175b449a768","block_type":"box","text":"46","page_number":78,"box":{"x":782,"y":439,"width":17,"height":8}},{"id":"d2c15b73-f747-4102-bee4-cb3e50ca2e4f","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":444,"width":9,"height":0}},{"id":"875953d4-7b2b-4aba-8bd6-1b0469bb4453","block_type":"box","text":"EUR (704,638)","page_number":78,"box":{"x":85,"y":454,"width":110,"height":11}},{"id":"bab019c1-f08e-4a6e-8fea-e2b36ce8403a","block_type":"box","text":"Sold EUR, Bought GBP 611,605 for settlement on","page_number":78,"box":{"x":230,"y":454,"width":374,"height":11}},{"id":"1cda5ba1-2e5c-4fec-af69-d6696ce1634d","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":468,"width":83,"height":9}},{"id":"9356e740-561e-45f6-8315-a655aef815a1","block_type":"box","text":"7,66","page_number":78,"box":{"x":759,"y":468,"width":31,"height":10}},{"id":"6a684670-d379-4aa6-9cf4-0ce23c5ed661","block_type":"box","text":"8","page_number":78,"box":{"x":792,"y":468,"width":7,"height":9}},{"id":"826135a1-c669-4485-93f6-6cdee7cf297e","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":473,"width":9,"height":1}},{"id":"76c5473d-716f-4f8f-88ee-38efa1126bb8","block_type":"box","text":"EUR (56)","page_number":78,"box":{"x":127,"y":483,"width":68,"height":12}},{"id":"8d848f62-2e9a-4231-8fd2-52f215355ac1","block_type":"box","text":"Sold EUR, Bought GBP 48 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":483,"width":416,"height":12}},{"id":"4bfd46bd-e1bb-4054-914a-36db6e259863","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":489,"width":9,"height":0}},{"id":"f0fc49b6-cd9f-45d1-8780-997d9b07e964","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":489,"width":9,"height":0}},{"id":"99090c04-b125-45eb-a5a3-83525bde28fa","block_type":"box","text":"EUR (13)","page_number":78,"box":{"x":127,"y":499,"width":68,"height":11}},{"id":"1ac2b52c-bd20-4d65-8f51-e63dc262d8e3","block_type":"box","text":"Sold EUR, Bought GBP 11 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":499,"width":415,"height":11}},{"id":"8f940d66-0fcb-40f3-b73b-1d0a95da462c","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":504,"width":9,"height":1}},{"id":"4d22f107-c24e-4648-9a87-f81cc9399e09","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":504,"width":9,"height":1}},{"id":"99656173-9711-4a73-bf5a-0ffad1d75ac2","block_type":"box","text":"EUR (108,486)","page_number":78,"box":{"x":85,"y":514,"width":110,"height":11}},{"id":"e838f0ae-4f37-4426-bd67-41fc5f876f9b","block_type":"box","text":"Sold EUR, Bought GBP 93,559 for settlement on","page_number":78,"box":{"x":230,"y":514,"width":365,"height":11}},{"id":"114bed2e-c59a-49af-b418-50b9af8f4732","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":528,"width":83,"height":9}},{"id":"eae0ea71-a89b-4d9a-b47f-7a5a3426eab5","block_type":"box","text":"576","page_number":78,"box":{"x":773,"y":528,"width":26,"height":9}},{"id":"549b853e-3f16-4cc7-a3aa-13f9798ae64e","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":534,"width":9,"height":0}},{"id":"36e10058-01e8-42ce-8dd2-29dab9be5d45","block_type":"box","text":"EUR (18,416)","page_number":78,"box":{"x":94,"y":544,"width":101,"height":11}},{"id":"aa5563e9-c2af-49a1-8944-ab45ad8ae0b4","block_type":"box","text":"Sold EUR, Bought GBP 15,800 for settlement on","page_number":78,"box":{"x":230,"y":544,"width":365,"height":11}},{"id":"3d164fa9-d386-49c0-adf8-0bbc11c24d58","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":558,"width":83,"height":9}},{"id":"4ffaa5d2-3f78-4e47-870f-f25b012cad1f","block_type":"box","text":"15","page_number":78,"box":{"x":783,"y":558,"width":16,"height":9}},{"id":"83e30cc3-70bf-4ec4-97ac-d7893768b001","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":563,"width":9,"height":1}},{"id":"960b9185-1d49-4234-8d5f-c6af3ee01da7","block_type":"box","text":"EUR (28)","page_number":78,"box":{"x":127,"y":573,"width":68,"height":12}},{"id":"f65aad32-9250-441a-b026-c98520f2e21b","block_type":"box","text":"Sold EUR, Bought GBP 24 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":573,"width":416,"height":12}},{"id":"279b14b7-aa41-4737-a51e-2e13c9a2c789","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":579,"width":9,"height":0}},{"id":"bf6713e3-3b66-4d87-92a1-f6a78bed9893","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":579,"width":9,"height":0}},{"id":"603825ed-0a84-47b2-9cfc-7ec2d73f7b2c","block_type":"box","text":"EUR (2,125,168)","page_number":78,"box":{"x":71,"y":589,"width":124,"height":11}},{"id":"b82a5156-ebcd-4578-833a-cae42fceec80","block_type":"box","text":"Sold EUR, Bought GBP 1,844,586 for settlement on","page_number":78,"box":{"x":230,"y":589,"width":389,"height":11}},{"id":"d4b79c8c-6e7f-4e7a-818d-924ee886fcbb","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":603,"width":83,"height":9}},{"id":"eb4a8d94-397c-4d9c-8b55-b7dcd425b2ab","block_type":"box","text":"23,12","page_number":78,"box":{"x":749,"y":603,"width":41,"height":10}},{"id":"b104edc3-a912-4eb1-9ec7-329aca216f61","block_type":"box","text":"4","page_number":78,"box":{"x":791,"y":603,"width":8,"height":9}},{"id":"12bcc10a-5102-48c5-9ee9-de6f5c007eee","block_type":"box","text":"0.01","page_number":78,"box":{"x":925,"y":603,"width":29,"height":9}},{"id":"20c7c374-2dce-4347-b4c3-ef6a6336249b","block_type":"box","text":"EUR (31)","page_number":78,"box":{"x":127,"y":618,"width":68,"height":12}},{"id":"061e1ba1-8803-4b99-9445-010c891d18ad","block_type":"box","text":"Sold EUR, Bought GBP 27 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":618,"width":416,"height":12}},{"id":"4f1e7681-a8ce-4c67-b4d2-945d9abf30c3","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":624,"width":9,"height":0}},{"id":"73cb57b7-755d-4ff8-82c9-5d82ebb17995","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":624,"width":9,"height":0}},{"id":"3514c960-7790-4e4f-b945-ab1e2ef21bf9","block_type":"box","text":"EUR (65)","page_number":78,"box":{"x":127,"y":634,"width":68,"height":11}},{"id":"1af0bb1e-9269-419f-844e-54c544803300","block_type":"box","text":"Sold EUR, Bought GBP 56 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":634,"width":416,"height":11}},{"id":"74dfd6b3-7af3-4b7b-88f5-6a24e5a11f69","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":639,"width":9,"height":1}},{"id":"bb996aa2-be6e-4797-815e-d0e3310096bb","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":639,"width":9,"height":1}},{"id":"ca551f34-79b4-4fd8-beed-f2fabe6bfe40","block_type":"box","text":"EUR (47)","page_number":78,"box":{"x":127,"y":649,"width":68,"height":11}},{"id":"e49483fd-4ace-4cd1-8858-a51f8a084534","block_type":"box","text":"Sold EUR, Bought GBP 41 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":649,"width":416,"height":11}},{"id":"f589b292-0cfc-414c-a833-dc0103c85e96","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":654,"width":9,"height":1}},{"id":"7e63d2ec-de14-4546-971a-8a4c636560ed","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":654,"width":9,"height":1}},{"id":"856eddd3-662e-42ee-a3f1-5ab7f22ba719","block_type":"box","text":"EUR (80)","page_number":78,"box":{"x":127,"y":664,"width":68,"height":12}},{"id":"5b391054-0951-4f45-8ab3-066b441f50d8","block_type":"box","text":"Sold EUR, Bought GBP 69 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":664,"width":416,"height":12}},{"id":"59c993ff-fd30-4502-aa61-635c338223fa","block_type":"box","text":"1","page_number":78,"box":{"x":793,"y":665,"width":4,"height":8}},{"id":"7e448b27-307b-479a-9b1b-886ed4a857b3","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":670,"width":9,"height":0}},{"id":"b0dd05a7-07e4-4214-ac9f-50ab80946d85","block_type":"box","text":"EUR (35,836)","page_number":78,"box":{"x":94,"y":680,"width":101,"height":11}},{"id":"74420eea-91f0-4d8f-bd22-26c185ea1726","block_type":"box","text":"Sold EUR, Bought GBP 30,905 for settlement on","page_number":78,"box":{"x":230,"y":680,"width":365,"height":11}},{"id":"9c7a6a07-1a53-46a4-b80b-c0befd889ff4","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":694,"width":83,"height":9}},{"id":"eaa6d97a-6edf-45e7-bae3-f13bb3c12e74","block_type":"box","text":"190","page_number":78,"box":{"x":774,"y":694,"width":25,"height":9}},{"id":"36df3b39-fe95-4dd1-9a7c-2951e34fd49d","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":699,"width":9,"height":1}},{"id":"c34af576-8b3b-4567-81a5-bb567615b00c","block_type":"box","text":"EUR (5,616,750)","page_number":78,"box":{"x":71,"y":709,"width":124,"height":12}},{"id":"29841314-2563-44c9-8d15-e6a5f4e73776","block_type":"box","text":"Sold EUR, Bought GBP 4,875,180 for settlement on","page_number":78,"box":{"x":230,"y":709,"width":383,"height":12}},{"id":"ef98cd62-2305-4296-abae-bd2045d7e8c5","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":724,"width":83,"height":9}},{"id":"8c5c4791-c0c0-4278-a56b-9fea3e97d3e3","block_type":"box","text":"61,11","page_number":78,"box":{"x":751,"y":724,"width":37,"height":10}},{"id":"6d2553a9-25be-4dd9-bdc5-423978c26437","block_type":"box","text":"3","page_number":78,"box":{"x":792,"y":724,"width":7,"height":9}},{"id":"81f7c035-603d-402d-b038-731c92354035","block_type":"box","text":"0.03","page_number":78,"box":{"x":925,"y":724,"width":31,"height":9}},{"id":"bd49270a-ed32-4cca-8967-91ff955d1016","block_type":"box","text":"EUR (21)","page_number":78,"box":{"x":127,"y":739,"width":68,"height":11}},{"id":"9f716059-d743-498b-a531-22b1aa86c689","block_type":"box","text":"Sold EUR, Bought GBP 18 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":739,"width":416,"height":11}},{"id":"62fb8671-e650-4e1e-b2b0-86ae8aa8aba8","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":744,"width":9,"height":1}},{"id":"0d7c5b72-787c-42a3-a21a-556ed902bd78","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":744,"width":9,"height":1}},{"id":"3fa9a301-f27b-4512-953e-22e79a2fc8d9","block_type":"box","text":"EUR (110)","page_number":78,"box":{"x":119,"y":754,"width":76,"height":12}},{"id":"40b47eda-d894-4c76-a72f-2df0574ace92","block_type":"box","text":"Sold EUR, Bought GBP 95 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":754,"width":416,"height":12}},{"id":"05342f60-5a11-4763-8e3a-a5d30e212beb","block_type":"box","text":"1","page_number":78,"box":{"x":793,"y":755,"width":4,"height":8}},{"id":"36c0e98e-a72e-4e0b-b4d0-66af075b20c2","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":760,"width":9,"height":0}},{"id":"04d8e368-ae96-4677-aac7-b0869ef43e8c","block_type":"box","text":"EUR (2,106)","page_number":78,"box":{"x":104,"y":770,"width":91,"height":11}},{"id":"21e6f43c-208e-4feb-a9b3-20adf87b753b","block_type":"box","text":"Sold EUR, Bought GBP 1,816 for settlement on","page_number":78,"box":{"x":230,"y":770,"width":350,"height":11}},{"id":"b689f16e-21f5-4645-851b-1ea919be685d","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":784,"width":83,"height":9}},{"id":"15256eba-aafa-4c75-9a41-12a498d0c631","block_type":"box","text":"11","page_number":78,"box":{"x":785,"y":784,"width":12,"height":9}},{"id":"0d38cd0e-5492-47f8-ba2b-9e990b086384","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":789,"width":9,"height":1}},{"id":"80eb0056-eba6-4cd7-b7fe-dd90296ccefc","block_type":"box","text":"EUR (28,385)","page_number":78,"box":{"x":94,"y":799,"width":101,"height":12}},{"id":"419527cd-2b43-45a3-ab38-7cfe8578038f","block_type":"box","text":"Sold EUR, Bought GBP 24,479 for settlement on","page_number":78,"box":{"x":230,"y":799,"width":360,"height":12}},{"id":"139ef474-a685-4e87-95b7-725ae7cf7790","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":814,"width":83,"height":8}},{"id":"e64d3d99-24df-416d-a439-cd25f1df22b6","block_type":"box","text":"151","page_number":78,"box":{"x":774,"y":814,"width":23,"height":8}},{"id":"48d0560b-06e3-43f2-8bd7-3385f0741c2d","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":819,"width":9,"height":1}},{"id":"f7f4388c-30fd-4011-9e34-197d66d866d0","block_type":"box","text":"EUR (1)","page_number":78,"box":{"x":136,"y":829,"width":59,"height":11}},{"id":"b5491986-a0c7-4612-bf13-53b31edf3484","block_type":"box","text":"Sold EUR, Bought GBP 1 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":829,"width":407,"height":11}},{"id":"7bf19d95-ca4d-4109-aceb-d0b23b1e2d08","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":834,"width":9,"height":1}},{"id":"110fa730-5c24-4787-a895-9afb7b3aa824","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":834,"width":9,"height":1}},{"id":"f09f3f09-ba9b-4512-82f1-a56d70468929","block_type":"box","text":"EUR (1,089)","page_number":78,"box":{"x":104,"y":844,"width":91,"height":12}},{"id":"c132e7b1-060a-4b3a-a4a2-33c05a47ffa7","block_type":"box","text":"Sold EUR, Bought GBP 935 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":844,"width":425,"height":12}},{"id":"63acb941-8853-4ac2-ba58-7cf992e632fa","block_type":"box","text":"1","page_number":78,"box":{"x":793,"y":845,"width":4,"height":8}},{"id":"4a093df2-5d54-4ec7-8ea2-ef2243f149c5","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":850,"width":9,"height":0}},{"id":"4c9b3272-81e9-434f-aafe-cf40e7e8e028","block_type":"box","text":"EUR (20)","page_number":78,"box":{"x":127,"y":860,"width":68,"height":11}},{"id":"d303feb4-c19f-4544-a6b1-64cd4a9108bb","block_type":"box","text":"Sold EUR, Bought GBP 17 for settlement on 24/07/2026","page_number":78,"box":{"x":230,"y":860,"width":416,"height":11}},{"id":"c5a9e03b-7420-46e2-9767-6d6c954fe917","block_type":"box","text":"–","page_number":78,"box":{"x":791,"y":865,"width":9,"height":1}},{"id":"3638c188-8170-40c5-9c24-03e154a1ff84","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":865,"width":9,"height":1}},{"id":"b3521c7b-2abd-4437-a788-80c328437d98","block_type":"box","text":"EUR (14,682)","page_number":78,"box":{"x":94,"y":875,"width":101,"height":11}},{"id":"70ae332e-b5db-4df1-82da-b07ef98f6801","block_type":"box","text":"Sold EUR, Bought GBP 12,596 for settlement on","page_number":78,"box":{"x":230,"y":875,"width":365,"height":11}},{"id":"9a67ca63-3404-4c1b-a7a2-6be16f661041","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":889,"width":83,"height":9}},{"id":"caa52ade-e517-4ada-897b-57946033abd3","block_type":"box","text":"12","page_number":78,"box":{"x":783,"y":889,"width":16,"height":9}},{"id":"03738665-a346-427b-adfa-1f6320602891","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":895,"width":9,"height":0}},{"id":"c770a39a-293b-4efd-bea4-a27aa41f7448","block_type":"box","text":"EUR (1,816)","page_number":78,"box":{"x":104,"y":905,"width":91,"height":11}},{"id":"7c65fc7a-a51b-4952-bfbc-c742c8d54e5d","block_type":"box","text":"Sold EUR, Bought GBP 1,558 for settlement on","page_number":78,"box":{"x":230,"y":905,"width":356,"height":11}},{"id":"988a72d0-7d57-4954-9dfb-6a0c1e7ce153","block_type":"box","text":"24/07/2026","page_number":78,"box":{"x":229,"y":919,"width":83,"height":9}},{"id":"d5c61d79-ec65-48c2-b718-ee76d23072b9","block_type":"box","text":"1","page_number":78,"box":{"x":793,"y":919,"width":4,"height":9}},{"id":"73f52ef7-f4c6-4ecb-ac6b-429958c24c95","block_type":"box","text":"–","page_number":78,"box":{"x":948,"y":924,"width":9,"height":1}},{"id":"341271b8-7b7e-4fac-a64e-a039ca01fa9f","block_type":"box","text":"78","page_number":79,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"38e76bf3-5e83-45b2-b1c9-b35380e36d50","block_type":"box","text":"79","page_number":79,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"123593ae-b654-47be-baa9-55f153a7ee38","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":79,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"93da3d32-3318-43e3-8be5-2e7bfb8e9ebc","block_type":"box","text":"Portfolio Statement (continued)","page_number":79,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"12f3aaf0-6351-494f-8192-3fcc14c20026","block_type":"box","text":"Holding","page_number":79,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"613bdf9f-2ae5-4b70-a208-a5b8f2027ca2","block_type":"box","text":"Investment","page_number":79,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"203e18a1-5af6-47ef-8841-6ae859641e19","block_type":"box","text":"Market","page_number":79,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"2433079e-9015-4701-8397-6466d93f55e0","block_type":"box","text":"Value","page_number":79,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"ae3f5e61-0f4c-4b77-8b1b-4ce5d633f689","block_type":"box","text":"£","page_number":79,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"ecf61ad4-b5a1-4813-a2f6-291eb175bc73","block_type":"box","text":"% of","page_number":79,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"782675dc-2481-4b42-8645-8f876a2c7916","block_type":"box","text":"Net Assets","page_number":79,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"e3936a2e-4d1b-4113-80da-2ccf2e2ba3bc","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":79,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"c09fc47c-ae2e-4de8-913a-8d2f38a8389c","block_type":"box","text":"EUR (557,601)","page_number":79,"box":{"x":85,"y":183,"width":110,"height":11}},{"id":"71865032-1b7d-412c-96f6-f9d25a6d9d43","block_type":"box","text":"Sold EUR, Bought GBP 483,982 for settlement on","page_number":79,"box":{"x":230,"y":183,"width":375,"height":11}},{"id":"c639d409-0ce2-4e96-b59d-242cfda8a9dd","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"da9cad99-8d8c-4b77-9ca4-621c177b71a0","block_type":"box","text":"6,06","page_number":79,"box":{"x":759,"y":197,"width":31,"height":10}},{"id":"c44bc82c-9dcb-4746-942f-e8367cd423ff","block_type":"box","text":"8","page_number":79,"box":{"x":792,"y":197,"width":7,"height":9}},{"id":"5f1b4915-fde8-4251-841c-b8cbf7deeecb","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"2d97dfb9-c1cc-42ed-8886-33c7e87e909a","block_type":"box","text":"EUR (41,370)","page_number":79,"box":{"x":94,"y":212,"width":101,"height":12}},{"id":"39b1c12b-4523-40ae-81d8-6ce2aefd5588","block_type":"box","text":"Sold EUR, Bought GBP 35,908 for settlement on","page_number":79,"box":{"x":230,"y":212,"width":365,"height":12}},{"id":"d3f28fbc-8028-4baf-9f39-cb9d37416121","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"f65ecd83-8b6d-458a-8084-c529cff89792","block_type":"box","text":"450","page_number":79,"box":{"x":772,"y":227,"width":27,"height":8}},{"id":"33d15d48-3f80-490a-8c17-88c4cdf8b002","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"22ea03f5-5204-4bdb-b05e-ffdec3471aff","block_type":"box","text":"EUR (10,888)","page_number":79,"box":{"x":94,"y":242,"width":101,"height":11}},{"id":"3cfa703b-2b5a-4927-b109-a9ea657f1a49","block_type":"box","text":"Sold EUR, Bought GBP 9,390 for settlement on","page_number":79,"box":{"x":230,"y":242,"width":356,"height":11}},{"id":"28f4ba6a-794f-4075-a80d-fb94e0240f39","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"0e710248-4ea8-4f2f-a520-02bce6362d41","block_type":"box","text":"58","page_number":79,"box":{"x":782,"y":256,"width":17,"height":9}},{"id":"28fabdfa-e884-4904-9a73-276e12fa9f26","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"474e382a-4160-4475-a624-6842efa2edf5","block_type":"box","text":"EUR (5,638)","page_number":79,"box":{"x":104,"y":272,"width":91,"height":11}},{"id":"d2b062c6-ef02-43a3-9a5e-8f8492abbb4f","block_type":"box","text":"Sold EUR, Bought GBP 4,837 for settlement on","page_number":79,"box":{"x":230,"y":272,"width":356,"height":11}},{"id":"ca0b0d38-36bd-4f1f-bf8a-690f2e93a3bd","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"fe02489a-080d-4fab-b01f-f6dfd6ebd666","block_type":"box","text":"5","page_number":79,"box":{"x":792,"y":286,"width":7,"height":9}},{"id":"24e746a1-ecae-459c-beff-0d15b1990b1c","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"20ff89fe-e702-489f-b2b3-90451dbd7cf3","block_type":"box","text":"EUR (286,725)","page_number":79,"box":{"x":85,"y":301,"width":110,"height":11}},{"id":"e13528b1-ea36-428e-bca2-0becb864dd34","block_type":"box","text":"Sold EUR, Bought GBP 247,273 for settlement on","page_number":79,"box":{"x":230,"y":301,"width":375,"height":11}},{"id":"e22de3ef-9b8d-466a-8ba5-aa30f5c87df8","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"c9d07d03-8d8b-4afd-9b1a-779b7caaa0b9","block_type":"box","text":"1,523","page_number":79,"box":{"x":760,"y":316,"width":39,"height":10}},{"id":"df9ae162-0a37-4349-b80c-b3cfa9a1171b","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"b2b46f36-66f2-42d9-a357-9fcc35435080","block_type":"box","text":"EUR (148,059)","page_number":79,"box":{"x":85,"y":331,"width":110,"height":11}},{"id":"9ce3f670-5a26-47cd-9e3c-506eea903c46","block_type":"box","text":"Sold EUR, Bought GBP 127,023 for settlement on","page_number":79,"box":{"x":230,"y":331,"width":375,"height":11}},{"id":"f4a0dc3b-492a-4452-91fa-bf370df98ca3","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"c5ec5d7d-bfa0-463b-8bc9-7e75d70ff97a","block_type":"box","text":"123","page_number":79,"box":{"x":774,"y":345,"width":25,"height":9}},{"id":"4ab5a23d-8d49-42cb-953f-159de4c2d6bc","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":350,"width":9,"height":1}},{"id":"47e9a244-618d-44a8-a5ff-e7b41b6a22ff","block_type":"box","text":"EUR (214,296)","page_number":79,"box":{"x":85,"y":360,"width":110,"height":12}},{"id":"63bd78b7-8b55-4936-bfde-539d9c9a6476","block_type":"box","text":"Sold EUR, Bought GBP 186,003 for settlement on","page_number":79,"box":{"x":230,"y":360,"width":375,"height":12}},{"id":"e7fff304-5d0b-455d-bc5b-90f695dcf42e","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":375,"width":83,"height":9}},{"id":"f80b8f25-850d-487a-935f-1679557e8fbc","block_type":"box","text":"2,33","page_number":79,"box":{"x":759,"y":375,"width":31,"height":10}},{"id":"234b9a55-658f-48e0-8740-0415cbce03a7","block_type":"box","text":"3","page_number":79,"box":{"x":792,"y":375,"width":7,"height":9}},{"id":"5018c474-0844-430e-90a3-c1c6d7e426ce","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":380,"width":9,"height":1}},{"id":"fd1fab9b-ddd1-4f1f-be77-3b27405ed976","block_type":"box","text":"CHF 45,529","page_number":79,"box":{"x":106,"y":390,"width":89,"height":11}},{"id":"5082b47e-5f32-49fd-a540-181a94dbb0f5","block_type":"box","text":"Bought CHF, Sold GBP 42,526 for settlement on","page_number":79,"box":{"x":230,"y":390,"width":363,"height":11}},{"id":"656582dd-09cf-4acb-ba30-0295e57ae3da","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":404,"width":83,"height":9}},{"id":"0df2a411-6fbf-43d4-9478-15aaa5610357","block_type":"box","text":"(38)","page_number":79,"box":{"x":771,"y":404,"width":29,"height":12}},{"id":"ea3cf101-e0e8-4ebc-92f1-828ee07eb902","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":410,"width":9,"height":0}},{"id":"3d45a6f0-d4df-4339-8604-c75b0d1566d3","block_type":"box","text":"CHF 11,863","page_number":79,"box":{"x":107,"y":420,"width":88,"height":10}},{"id":"43f9477c-c925-4d55-8c37-d5dee737d132","block_type":"box","text":"Bought CHF, Sold GBP 11,091 for settlement on","page_number":79,"box":{"x":230,"y":420,"width":361,"height":11}},{"id":"66f2fe5f-bb38-4be9-bc54-2f1a7e1223cf","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":434,"width":83,"height":9}},{"id":"1f6acebe-13d5-4072-a63d-b81e09f39413","block_type":"box","text":"(21)","page_number":79,"box":{"x":771,"y":434,"width":29,"height":11}},{"id":"aafbd5d6-e7ca-4a22-af79-d61a3c90abd8","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":439,"width":9,"height":1}},{"id":"fd125301-f520-4072-93e9-e3cf2f3793ce","block_type":"box","text":"EUR 72,339","page_number":79,"box":{"x":105,"y":449,"width":90,"height":11}},{"id":"2f29ae2d-85ed-46b3-862d-9070c4252d21","block_type":"box","text":"Bought EUR, Sold GBP 62,520 for settlement on","page_number":79,"box":{"x":230,"y":449,"width":365,"height":12}},{"id":"b20407a1-7d29-4040-9358-c6d8fa4797db","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":464,"width":83,"height":8}},{"id":"046810bd-5c6e-46df-b499-94f852737c29","block_type":"box","text":"(520)","page_number":79,"box":{"x":762,"y":464,"width":38,"height":11}},{"id":"0fb0644d-9d50-46f5-a42a-93bbdac46aae","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":469,"width":9,"height":1}},{"id":"ffe2abe8-ecd2-4ad9-8eed-f6ca843535a8","block_type":"box","text":"USD 939,317","page_number":79,"box":{"x":96,"y":479,"width":99,"height":10}},{"id":"27dd6f97-77aa-402c-8fad-c9911595dd49","block_type":"box","text":"Bought USD, Sold GBP 712,335 for settlement on","page_number":79,"box":{"x":230,"y":479,"width":375,"height":11}},{"id":"aa633cef-ce03-4509-bbff-0e726b43324a","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":493,"width":83,"height":9}},{"id":"b8ad0adf-2181-4441-bb7d-36801259dba3","block_type":"box","text":"(9,118)","page_number":79,"box":{"x":749,"y":493,"width":51,"height":11}},{"id":"145fcd9c-ef94-49f8-87ee-87392c38e6aa","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":498,"width":9,"height":1}},{"id":"3075706c-75bf-486a-8734-a0185fa69edf","block_type":"box","text":"SGD 269,305","page_number":79,"box":{"x":95,"y":509,"width":100,"height":10}},{"id":"71ea68ff-1919-4011-b421-144c4dfdd2c5","block_type":"box","text":"Bought SGD, Sold GBP 157,566 for settlement on","page_number":79,"box":{"x":230,"y":509,"width":376,"height":11}},{"id":"64717bba-58ad-4dfd-9ef5-06eb030a347d","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":523,"width":83,"height":9}},{"id":"f511603f-c345-4ce5-80de-b9b071db346a","block_type":"box","text":"(1,315)","page_number":79,"box":{"x":748,"y":523,"width":52,"height":11}},{"id":"07327fa8-df46-4188-a071-4895769e9126","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":528,"width":9,"height":1}},{"id":"74c74780-5845-45fb-8adb-b7d9cc9ab5ef","block_type":"box","text":"JPY 5,011,507","page_number":79,"box":{"x":87,"y":538,"width":108,"height":11}},{"id":"391cc439-30e8-46d4-b4ba-6a9c4b097e0a","block_type":"box","text":"Bought JPY, Sold GBP 23,283 for settlement on","page_number":79,"box":{"x":230,"y":538,"width":359,"height":11}},{"id":"df72907c-cad6-4b58-b49a-e9d025c177dd","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":552,"width":83,"height":9}},{"id":"e0a8f75a-3107-46cb-8f85-b291776fa946","block_type":"box","text":"3","page_number":79,"box":{"x":792,"y":553,"width":7,"height":8}},{"id":"3e88fbfb-c3d7-4c8d-af63-28f072d38a3a","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":558,"width":9,"height":1}},{"id":"8035d55d-c21c-4e56-9008-21df8ba9c4ff","block_type":"box","text":"CHF 80,563","page_number":79,"box":{"x":106,"y":568,"width":89,"height":10}},{"id":"4c69612e-da8a-4d6c-9a6f-0e00843091d8","block_type":"box","text":"Bought CHF, Sold GBP 75,691 for settlement on","page_number":79,"box":{"x":230,"y":568,"width":363,"height":11}},{"id":"9c016c38-85ba-458b-be08-2d6bfc0e5784","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":582,"width":83,"height":9}},{"id":"ea952e4d-a5e5-4239-b7c4-a25401652cac","block_type":"box","text":"(508)","page_number":79,"box":{"x":762,"y":582,"width":38,"height":11}},{"id":"0db81961-ed55-4205-8d1e-b3f8baa727de","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":587,"width":9,"height":1}},{"id":"a95ed77b-34bf-43cd-932f-7fa66711dd9e","block_type":"box","text":"JPY 182,492","page_number":79,"box":{"x":100,"y":597,"width":95,"height":11}},{"id":"eb748d0b-1628-4c8c-a249-392d9d1e95f3","block_type":"box","text":"Bought JPY, Sold GBP 849 for settlement on 24/07/2026","page_number":79,"box":{"x":230,"y":597,"width":419,"height":12}},{"id":"79c592ca-cab7-43e9-8507-e831c1dffdc8","block_type":"box","text":"–","page_number":79,"box":{"x":791,"y":603,"width":9,"height":1}},{"id":"0099f4c5-a26b-43a8-9347-ea8e1cc5bcc9","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":603,"width":9,"height":1}},{"id":"681e3a1f-e9c0-4487-a493-9f40939d12cf","block_type":"box","text":"HKD 12,554","page_number":79,"box":{"x":105,"y":613,"width":90,"height":10}},{"id":"c05a5e69-b066-4fd1-8519-6630b7a14219","block_type":"box","text":"Bought HKD, Sold GBP 1,200 for settlement on","page_number":79,"box":{"x":230,"y":613,"width":356,"height":11}},{"id":"2f28c3f0-9172-4190-96ea-6f7ad886c3c9","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":627,"width":83,"height":9}},{"id":"36e4c114-4c8e-4033-8a99-3ce87ca34b5b","block_type":"box","text":"–","page_number":79,"box":{"x":791,"y":632,"width":9,"height":1}},{"id":"2a353bc9-1126-40d7-a215-592c95ece0f0","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":632,"width":9,"height":1}},{"id":"a9d6e197-5440-4543-b0cd-4d6af528c793","block_type":"box","text":"EUR 5,921","page_number":79,"box":{"x":115,"y":642,"width":78,"height":11}},{"id":"474235fa-b01f-439c-9a67-79377e8e7924","block_type":"box","text":"Bought EUR, Sold GBP 5,079 for settlement on","page_number":79,"box":{"x":230,"y":642,"width":356,"height":12}},{"id":"1eccb5d0-33fc-46ec-944f-23b480f4e51b","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":657,"width":83,"height":9}},{"id":"7123b864-8388-4557-b2fe-85f9327da116","block_type":"box","text":"(2)","page_number":79,"box":{"x":781,"y":657,"width":19,"height":11}},{"id":"ec7dadd7-b199-4b33-9649-033d297107ba","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":662,"width":9,"height":1}},{"id":"51f0aa73-3ce7-4109-a203-84c6fdc50337","block_type":"box","text":"CHF 546","page_number":79,"box":{"x":129,"y":672,"width":66,"height":9}},{"id":"a4a6e238-7ca3-4df5-976d-dbc527327795","block_type":"box","text":"Bought CHF, Sold GBP 510 for settlement on 24/07/2026","page_number":79,"box":{"x":230,"y":672,"width":423,"height":11}},{"id":"a008661e-8231-4b8d-a552-9212740c0172","block_type":"box","text":"–","page_number":79,"box":{"x":791,"y":677,"width":9,"height":1}},{"id":"6736bfc3-31c6-420c-9f98-d9e9bdfcc3a5","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":677,"width":9,"height":1}},{"id":"df0f935c-086c-4a7f-ad5b-cb3eee00a0ab","block_type":"box","text":"USD 355,402","page_number":79,"box":{"x":96,"y":687,"width":99,"height":11}},{"id":"97b46eb3-5d4b-4c93-b58e-12b004ec6c0a","block_type":"box","text":"Bought USD, Sold GBP 269,521 for settlement on","page_number":79,"box":{"x":230,"y":687,"width":369,"height":12}},{"id":"23f9f0a9-0a7a-4c8f-8438-78911c79fe0b","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":702,"width":83,"height":9}},{"id":"e9dbccc3-bdf8-497f-b220-f571739f32bf","block_type":"box","text":"(3,450)","page_number":79,"box":{"x":748,"y":702,"width":52,"height":11}},{"id":"7e14b428-43e4-4a2d-a60c-428c72b7cec4","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":707,"width":9,"height":1}},{"id":"c3f00cfc-5378-4a79-82a3-b35f7e8523da","block_type":"box","text":"SGD 101,895","page_number":79,"box":{"x":95,"y":717,"width":100,"height":10}},{"id":"4d2c868f-d614-4622-ad11-c8f4f7a0b4fc","block_type":"box","text":"Bought SGD, Sold GBP 59,617 for settlement on","page_number":79,"box":{"x":230,"y":717,"width":361,"height":11}},{"id":"9ff4ff1a-d3c6-4163-a34d-d426b203ba0d","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":731,"width":83,"height":9}},{"id":"3cd7bfc1-a6bf-4979-8dcd-4c60ab2e1482","block_type":"box","text":"(49","page_number":79,"box":{"x":762,"y":731,"width":22,"height":11}},{"id":"3d78d829-82a1-4ab0-a296-f2d0e04b489c","block_type":"box","text":"8","page_number":79,"box":{"x":786,"y":731,"width":8,"height":9}},{"id":"26d22cc5-f4b3-42ef-8b8a-815738e21a4f","block_type":"box","text":")","page_number":79,"box":{"x":796,"y":731,"width":4,"height":11}},{"id":"8c15d7cd-7386-4989-a581-f40e89182ef0","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":736,"width":9,"height":1}},{"id":"8a7e5775-7725-418b-a467-e6c910cc6d79","block_type":"box","text":"JPY 1,896,167","page_number":79,"box":{"x":86,"y":747,"width":109,"height":10}},{"id":"1586a0e9-4840-4dea-8c5d-5e938b9e8475","block_type":"box","text":"Bought JPY, Sold GBP 8,810 for settlement on","page_number":79,"box":{"x":230,"y":747,"width":343,"height":11}},{"id":"9bf7719f-13c3-4f6b-b211-eef9138a527f","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":761,"width":83,"height":9}},{"id":"11936645-e26f-4dbc-b7a9-ad9a440582ef","block_type":"box","text":"1","page_number":79,"box":{"x":793,"y":761,"width":4,"height":9}},{"id":"e13d3fa1-052c-41e1-afa0-3fb5234fb535","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":766,"width":9,"height":1}},{"id":"b5259dc9-0b7c-47e7-ad47-b4e09ab4a79d","block_type":"box","text":"EUR 88,003","page_number":79,"box":{"x":105,"y":776,"width":90,"height":11}},{"id":"0c59f7df-b5f2-4f6e-a4fa-cfdf233f039c","block_type":"box","text":"Bought EUR, Sold GBP 75,876 for settlement on","page_number":79,"box":{"x":230,"y":776,"width":360,"height":11}},{"id":"69adcb7f-46e0-45cb-aa04-8887ebb25340","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":790,"width":83,"height":9}},{"id":"c426d217-9035-4711-bf27-a80e8ac47c60","block_type":"box","text":"(450)","page_number":79,"box":{"x":762,"y":790,"width":38,"height":12}},{"id":"6d02ead5-d3eb-46d9-8367-71413184047a","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":796,"width":9,"height":1}},{"id":"fb4b19d9-a2ad-46bb-8406-229880576868","block_type":"box","text":"JPY 4,295,239","page_number":79,"box":{"x":86,"y":806,"width":109,"height":10}},{"id":"4e513df3-aadb-424a-8096-f700e2957bd2","block_type":"box","text":"Bought JPY, Sold GBP 20,231 for settlement on","page_number":79,"box":{"x":230,"y":806,"width":353,"height":11}},{"id":"9a590ec0-8999-49e3-86c4-10aa35d2578d","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":820,"width":83,"height":9}},{"id":"0d5e2757-f52c-407a-9d51-a02abf1826ef","block_type":"box","text":"(273)","page_number":79,"box":{"x":762,"y":820,"width":38,"height":11}},{"id":"42c032fc-e5ad-4d5c-b7e0-fff98d326e2b","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":825,"width":9,"height":1}},{"id":"737bd134-bd9d-424f-ba44-cda214b92f02","block_type":"box","text":"HKD 323,751","page_number":79,"box":{"x":96,"y":836,"width":97,"height":10}},{"id":"ab1af026-6d6f-4c20-ae85-c4f6234a7a73","block_type":"box","text":"Bought HKD, Sold GBP 31,263 for settlement on","page_number":79,"box":{"x":230,"y":835,"width":360,"height":12}},{"id":"4ba04247-8047-4afa-960a-a40560b12b16","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":850,"width":83,"height":9}},{"id":"1a343aa8-585a-4506-9443-e7667e02fffe","block_type":"box","text":"(347)","page_number":79,"box":{"x":762,"y":850,"width":38,"height":11}},{"id":"f9e6d2a5-28cf-4138-a9fe-15653ae15f9b","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":855,"width":9,"height":1}},{"id":"59c6403f-dc5e-44f6-a941-d6b9b80a28fc","block_type":"box","text":"HKD 145,995","page_number":79,"box":{"x":96,"y":865,"width":99,"height":11}},{"id":"8eada3cd-989e-4e2f-b648-6e057f5f354d","block_type":"box","text":"Bought HKD, Sold GBP 14,169 for settlement on","page_number":79,"box":{"x":230,"y":865,"width":365,"height":11}},{"id":"e73a1609-dfa0-4ac4-b60f-fb63adc6bc5f","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":879,"width":83,"height":9}},{"id":"42091a38-8560-48c9-823c-ad215718c1ba","block_type":"box","text":"(227)","page_number":79,"box":{"x":762,"y":879,"width":38,"height":12}},{"id":"2d7dc38b-6f8e-420c-8fea-ea8d4ffb841d","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":885,"width":9,"height":0}},{"id":"5f7cfa1a-e3b9-4c6a-9edb-e77f3c22154a","block_type":"box","text":"HKD 163,135","page_number":79,"box":{"x":96,"y":895,"width":99,"height":10}},{"id":"51e31459-5d62-4ac1-94a9-1466a6d3adda","block_type":"box","text":"Bought HKD, Sold GBP 15,680 for settlement on","page_number":79,"box":{"x":230,"y":895,"width":365,"height":11}},{"id":"c5c78d40-b69c-4260-b15d-fd8fd14bd4cd","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":909,"width":83,"height":9}},{"id":"a4c41261-7c84-4904-a3b5-6d14310f7680","block_type":"box","text":"(102)","page_number":79,"box":{"x":762,"y":909,"width":38,"height":11}},{"id":"6f7b15c3-7bb0-4e12-aefe-70e5def97055","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":914,"width":9,"height":1}},{"id":"6092c68d-9dba-4b14-a23e-d603160850ef","block_type":"box","text":"CHF 21,138","page_number":79,"box":{"x":106,"y":924,"width":89,"height":11}},{"id":"0f5004b0-9e49-4057-894f-d10a605fb7b0","block_type":"box","text":"Bought CHF, Sold GBP 19,860 for settlement on","page_number":79,"box":{"x":230,"y":924,"width":357,"height":12}},{"id":"2a057839-781e-4801-9c41-dcd69ace89a5","block_type":"box","text":"24/07/2026","page_number":79,"box":{"x":229,"y":939,"width":83,"height":8}},{"id":"59ac343f-3b40-419b-a448-549863b55739","block_type":"box","text":"(133)","page_number":79,"box":{"x":762,"y":939,"width":38,"height":11}},{"id":"7ab023bb-75c9-4aa4-9c0a-90d493d929d5","block_type":"box","text":"–","page_number":79,"box":{"x":948,"y":944,"width":9,"height":1}},{"id":"1f17cf3f-6dfd-4e6d-a314-c36938fae1a3","block_type":"box","text":"79","page_number":80,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"75d35b82-0998-4bbe-aac9-e02d1be3c080","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":80,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"ad116aac-c17b-4773-a5f3-04d713e81bb8","block_type":"box","text":"Portfolio Statement (continued)","page_number":80,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"3f42e118-f9d5-472a-8763-910db5e872b2","block_type":"box","text":"Holding","page_number":80,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"c87bfbbe-5c7c-4745-9394-6cfca9bafe82","block_type":"box","text":"Investment","page_number":80,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"f630df77-c3e3-428e-93b3-1acfabb530c1","block_type":"box","text":"Market","page_number":80,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"cda9e3be-a81a-43b8-86fc-c86b2c07a16b","block_type":"box","text":"Value","page_number":80,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"9b9834fc-da57-491e-be89-4679d33d7c5e","block_type":"box","text":"£","page_number":80,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"d739e78e-83d8-4c6d-bd08-5a03bc5bfc4e","block_type":"box","text":"% of","page_number":80,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"577a6630-6644-4c19-8285-564d0ccbcd11","block_type":"box","text":"Net Assets","page_number":80,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"82c88e08-a242-49c3-8a8c-c639be17924e","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":80,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"96b60f15-183b-4bb0-aa15-10d4fc9d1236","block_type":"box","text":"JPY 11,352,173","page_number":80,"box":{"x":78,"y":183,"width":117,"height":10}},{"id":"ce2e0d2d-7553-485f-b77d-b55c7bcea782","block_type":"box","text":"Bought JPY, Sold GBP 53,469 for settlement on","page_number":80,"box":{"x":230,"y":183,"width":359,"height":11}},{"id":"9b632a0b-9201-413d-87a8-7dce8f989c4a","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"2be4ae0e-3379-44fe-8d2d-de07c4680b5e","block_type":"box","text":"(721)","page_number":80,"box":{"x":762,"y":197,"width":38,"height":11}},{"id":"8ed29b7d-7e29-4ca4-a3fd-7195a0dd6f3f","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"e034d0bd-0017-42f2-b99a-cb1eba27f6a6","block_type":"box","text":"HKD 431,161","page_number":80,"box":{"x":96,"y":212,"width":97,"height":11}},{"id":"4fee340c-f0d8-471f-a8d8-aab48af25abf","block_type":"box","text":"Bought HKD, Sold GBP 41,442 for settlement on","page_number":80,"box":{"x":230,"y":212,"width":365,"height":12}},{"id":"44bf5da5-afef-4f0b-b8e7-19d1a7adb24b","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"85e930a9-f8af-45c8-9b9b-20625d3c0a31","block_type":"box","text":"(26","page_number":80,"box":{"x":762,"y":227,"width":22,"height":11}},{"id":"6c1f789e-3ed8-46fa-b6cb-81825fff85a7","block_type":"box","text":"9","page_number":80,"box":{"x":786,"y":227,"width":8,"height":8}},{"id":"27dc211c-cb03-45a1-93d8-e95cdab4bb1e","block_type":"box","text":")","page_number":80,"box":{"x":796,"y":227,"width":4,"height":11}},{"id":"7bf3d494-9e7a-481b-a6e4-0d0d72f0d6d4","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"672ad9db-0719-4bdf-afb1-55290842f45f","block_type":"box","text":"USD 20,705","page_number":80,"box":{"x":105,"y":242,"width":90,"height":10}},{"id":"0f1b61a2-5182-4341-a8f4-333610cfe6d8","block_type":"box","text":"Bought USD, Sold GBP 15,513 for settlement on","page_number":80,"box":{"x":230,"y":242,"width":365,"height":11}},{"id":"09a325e4-bed1-484b-8bdf-221aabbb1f03","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"d4e140d8-85cf-49a8-99d4-0360d53579ff","block_type":"box","text":"(8)","page_number":80,"box":{"x":781,"y":256,"width":19,"height":11}},{"id":"ac3ad9b3-f070-46d0-a96c-288240f00225","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"fb29fb1d-8cb9-44ea-873c-c8b06be3b29a","block_type":"box","text":"HKD 385,861","page_number":80,"box":{"x":96,"y":272,"width":97,"height":10}},{"id":"6ea3657a-50e3-4795-aa40-a1000c4f0be9","block_type":"box","text":"Bought HKD, Sold GBP 37,448 for settlement on","page_number":80,"box":{"x":230,"y":272,"width":365,"height":11}},{"id":"8293bfab-4905-4bf2-8b4f-496fc2559f6b","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"21cc0af8-6c78-4f6e-9ca9-738180547303","block_type":"box","text":"(601)","page_number":80,"box":{"x":762,"y":286,"width":38,"height":11}},{"id":"9452e20f-a0d0-4d7c-b8dd-f1ab9d3cafd9","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"7de150ee-0368-4aeb-85c4-f876face91d2","block_type":"box","text":"CHF 1","page_number":80,"box":{"x":148,"y":301,"width":45,"height":9}},{"id":"1e1c67bb-5907-407d-8f81-9b7481d77aab","block_type":"box","text":"Bought CHF, Sold GBP 1 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":301,"width":404,"height":11}},{"id":"fe46f78c-beee-4783-9f75-fed7278f78af","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":306,"width":9,"height":1}},{"id":"31116c90-2dd3-46fc-8a5c-870ed4cedf73","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"43392569-ee40-4e16-bed1-95841d89d571","block_type":"box","text":"CHF 408","page_number":80,"box":{"x":129,"y":317,"width":66,"height":8}},{"id":"fc4e5ce4-48a5-44b7-87d5-eef6cd0d8649","block_type":"box","text":"Bought CHF, Sold GBP 382 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":317,"width":423,"height":11}},{"id":"eee772f3-e40e-4f70-a565-47591dd78074","block_type":"box","text":"(2)","page_number":80,"box":{"x":781,"y":317,"width":19,"height":11}},{"id":"f7548a07-086f-4677-8bf0-a004c4159c19","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"fbee4929-db86-434e-9df8-ca7d23d5cc5d","block_type":"box","text":"HKD 855,663","page_number":80,"box":{"x":96,"y":332,"width":99,"height":10}},{"id":"6f94447c-3b38-468b-9124-d016ccf8c565","block_type":"box","text":"Bought HKD, Sold GBP 82,628 for settlement on","page_number":80,"box":{"x":230,"y":332,"width":365,"height":11}},{"id":"9bef8f3c-2825-473f-9298-4ae07f32c449","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":346,"width":83,"height":9}},{"id":"c5ac7e36-f5a1-4d19-95d4-757895da0c96","block_type":"box","text":"(918)","page_number":80,"box":{"x":762,"y":346,"width":38,"height":11}},{"id":"d86212d5-d06c-44e2-971c-619c98ff967f","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"ac5c04db-9902-4c66-ac50-8280db981a09","block_type":"box","text":"CHF 1","page_number":80,"box":{"x":148,"y":362,"width":45,"height":8}},{"id":"42d7d9f1-559d-46eb-9ea3-440f5e650a15","block_type":"box","text":"Bought CHF, Sold GBP 1 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":362,"width":404,"height":11}},{"id":"26489a94-ee88-4858-b06c-a77d29cbd7d7","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":367,"width":9,"height":1}},{"id":"2aaa6936-d671-48c9-89c2-0dbc4c4a99e7","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"6f3a4bf0-2000-43d6-8075-48e4f016b817","block_type":"box","text":"CHF 56","page_number":80,"box":{"x":139,"y":377,"width":56,"height":9}},{"id":"be9c0aa1-f5a8-4568-8699-bccb044f6a98","block_type":"box","text":"Bought CHF, Sold GBP 52 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":377,"width":413,"height":11}},{"id":"18118282-f5c2-4585-b7dc-f559c834d25c","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":382,"width":9,"height":1}},{"id":"e451682f-60db-4c47-abd3-c16704fa638a","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":382,"width":9,"height":1}},{"id":"d38145b3-548f-4116-b937-48c4315013d0","block_type":"box","text":"CHF 70,905","page_number":80,"box":{"x":106,"y":392,"width":89,"height":11}},{"id":"5c0c6818-8280-4f90-83d5-a82a6b6df483","block_type":"box","text":"Bought CHF, Sold GBP 66,617 for settlement on","page_number":80,"box":{"x":230,"y":392,"width":363,"height":12}},{"id":"5807bfc5-58be-4c1e-b8cc-9524e7e15f0e","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":407,"width":83,"height":8}},{"id":"9c7bb9fa-01c8-4b49-8111-edd5862b68e0","block_type":"box","text":"(447)","page_number":80,"box":{"x":762,"y":407,"width":38,"height":11}},{"id":"2a531e48-dbbe-45af-b139-2270831f4d16","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":412,"width":9,"height":1}},{"id":"3c4455ce-1dc8-41d3-9aae-0d9355970534","block_type":"box","text":"CHF 1","page_number":80,"box":{"x":148,"y":422,"width":45,"height":9}},{"id":"fc4a8e3b-5afc-4b7a-a84c-52d76dbaeaad","block_type":"box","text":"Bought CHF, Sold GBP 1 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":422,"width":404,"height":11}},{"id":"8fd163d3-0735-4212-b9e1-4c52e152ba2c","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":427,"width":9,"height":1}},{"id":"2387190e-7a65-4078-a35c-f437f3c7037b","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":427,"width":9,"height":1}},{"id":"8d198ea7-cedd-4f1c-9e91-aa75520bdfe5","block_type":"box","text":"CHF 38","page_number":80,"box":{"x":139,"y":437,"width":56,"height":9}},{"id":"11898294-ffd3-4b1c-970f-a62ed5dba45f","block_type":"box","text":"Bought CHF, Sold GBP 36 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":437,"width":413,"height":12}},{"id":"26482287-7ef0-484a-8cff-91793597c734","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":442,"width":9,"height":1}},{"id":"218742fa-a953-4e9f-b4ee-72dc355305c0","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"6c8efcee-9f5f-444a-8625-8dc154667f1c","block_type":"box","text":"CHF 213","page_number":80,"box":{"x":129,"y":453,"width":66,"height":9}},{"id":"b3f18ad8-f62d-4dd8-9c8a-d29598ce6007","block_type":"box","text":"Bought CHF, Sold GBP 199 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":453,"width":423,"height":11}},{"id":"e3cf0791-da78-44f1-87d1-e44773cf83ef","block_type":"box","text":"(1)","page_number":80,"box":{"x":781,"y":453,"width":19,"height":11}},{"id":"07b20ba1-b392-44f4-92fe-5e237868e85c","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":458,"width":9,"height":1}},{"id":"8678ea5a-186f-4a63-bcd3-e229fccbeb67","block_type":"box","text":"CHF 39","page_number":80,"box":{"x":139,"y":468,"width":56,"height":9}},{"id":"6f17124a-729b-4440-816c-d0580a0b691d","block_type":"box","text":"Bought CHF, Sold GBP 37 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":468,"width":413,"height":11}},{"id":"96b086ad-3ee1-467e-a541-b144d6b3dd95","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":473,"width":9,"height":1}},{"id":"0e9d950a-ac93-4fa7-91af-652cf4c6011c","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":473,"width":9,"height":1}},{"id":"b5aa7663-620d-47e7-b510-e1063fe7e86a","block_type":"box","text":"USD 52","page_number":80,"box":{"x":138,"y":483,"width":57,"height":9}},{"id":"b569d3bc-29b6-4a13-8555-d8504778c473","block_type":"box","text":"Bought USD, Sold GBP 39 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":483,"width":416,"height":12}},{"id":"45bf3bff-15d9-453c-8d11-ddb8142c8905","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":489,"width":9,"height":0}},{"id":"154426e4-9f32-47c7-9978-239ca3e1680c","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":489,"width":9,"height":0}},{"id":"0357243a-7740-41ca-b1ed-f525a11bea8c","block_type":"box","text":"CHF 10,437","page_number":80,"box":{"x":106,"y":499,"width":89,"height":10}},{"id":"6512244f-9388-4808-904a-31454533298d","block_type":"box","text":"Bought CHF, Sold GBP 9,758 for settlement on","page_number":80,"box":{"x":230,"y":499,"width":353,"height":11}},{"id":"e84f450f-6cd5-49b6-82ba-77ab11e72742","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":513,"width":83,"height":9}},{"id":"2cdfa792-86f0-459c-9075-b922a26735de","block_type":"box","text":"(18)","page_number":80,"box":{"x":771,"y":513,"width":29,"height":11}},{"id":"7595eee0-8bed-4d04-94d2-93468eeac611","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":518,"width":9,"height":1}},{"id":"907969e3-f5dd-4e7d-aff9-74a2b106cb83","block_type":"box","text":"USD 1,318","page_number":80,"box":{"x":115,"y":528,"width":80,"height":11}},{"id":"57e4b433-a4ca-421c-9d81-38d98216e9c4","block_type":"box","text":"Bought USD, Sold GBP 996 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":528,"width":425,"height":12}},{"id":"239c33fd-ecc6-4374-95e1-38898e4a657a","block_type":"box","text":"(9)","page_number":80,"box":{"x":781,"y":528,"width":19,"height":12}},{"id":"9a47a75d-0eb7-43d4-915e-7f754667b9b9","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":534,"width":9,"height":0}},{"id":"e4c0d362-d4ea-484c-a4df-b4211d778f86","block_type":"box","text":"USD 1,079","page_number":80,"box":{"x":115,"y":544,"width":80,"height":10}},{"id":"fd698907-5856-49d3-9750-0b65b26f0067","block_type":"box","text":"Bought USD, Sold GBP 818 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":544,"width":425,"height":11}},{"id":"3065fbf9-1067-4bf5-8b9c-9c63c6e2ea69","block_type":"box","text":"(10)","page_number":80,"box":{"x":771,"y":544,"width":29,"height":11}},{"id":"7c504e83-a751-4973-8610-67312ade61ac","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":549,"width":9,"height":1}},{"id":"00435bfb-3c9d-4ee9-ac98-634da015a552","block_type":"box","text":"USD 9","page_number":80,"box":{"x":148,"y":559,"width":47,"height":9}},{"id":"ab407ee5-fd7b-4577-a025-e04a6f10649f","block_type":"box","text":"Bought USD, Sold GBP 7 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":559,"width":407,"height":11}},{"id":"f320675f-cd75-4126-a190-e66c78afd1ce","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":564,"width":9,"height":1}},{"id":"230a7b23-2515-48a3-8a9c-b1f3eaeba85d","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":564,"width":9,"height":1}},{"id":"edd498b8-626d-4b38-91af-e3657c5df4d2","block_type":"box","text":"USD 117,767","page_number":80,"box":{"x":97,"y":574,"width":98,"height":11}},{"id":"8f2e3409-e53b-4773-97b3-db7ed7da85d6","block_type":"box","text":"Bought USD, Sold GBP 89,309 for settlement on","page_number":80,"box":{"x":230,"y":574,"width":365,"height":12}},{"id":"ca838e95-79d7-4fb7-a556-94231434c681","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":589,"width":83,"height":9}},{"id":"c3a859d0-de5d-45fb-94da-85a7d7de7d24","block_type":"box","text":"(1,143)","page_number":80,"box":{"x":748,"y":589,"width":52,"height":11}},{"id":"5969002b-3ae0-41cf-b3ed-5c51cd251f01","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":594,"width":9,"height":1}},{"id":"f1791377-1f9c-4519-ab5d-65f6100c9b33","block_type":"box","text":"USD 14,463","page_number":80,"box":{"x":105,"y":604,"width":90,"height":10}},{"id":"a7894f7f-9ce0-49b9-a04c-c4ab0138803f","block_type":"box","text":"Bought USD, Sold GBP 10,948 for settlement on","page_number":80,"box":{"x":230,"y":604,"width":365,"height":11}},{"id":"7cca4347-3144-4260-814e-58f415c311a5","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":618,"width":83,"height":9}},{"id":"9912221f-17c7-4162-9f47-084eec66e7c9","block_type":"box","text":"(120)","page_number":80,"box":{"x":762,"y":618,"width":38,"height":12}},{"id":"94580f3f-dfe7-4dbc-a5cb-f81fb025ba42","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":624,"width":9,"height":0}},{"id":"cba354d4-a5d0-419d-aece-db69dee74fc5","block_type":"box","text":"USD 2,538","page_number":80,"box":{"x":115,"y":634,"width":80,"height":10}},{"id":"ea54c1c1-4170-4a74-8408-f29a175e3f83","block_type":"box","text":"Bought USD, Sold GBP 1,920 for settlement on","page_number":80,"box":{"x":230,"y":634,"width":356,"height":11}},{"id":"6a7e564b-d4fb-477c-ab39-42cb8d3b6b3d","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":648,"width":83,"height":9}},{"id":"c91e6873-b8b7-4355-ae78-b2c92e1246af","block_type":"box","text":"(20)","page_number":80,"box":{"x":771,"y":648,"width":29,"height":11}},{"id":"e5a78f82-9ea9-4cd5-87bf-3590555a5aee","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":653,"width":9,"height":1}},{"id":"88e2d5bc-79a2-49a3-9831-dc454e6979e9","block_type":"box","text":"SGD 33,753","page_number":80,"box":{"x":104,"y":663,"width":91,"height":11}},{"id":"a91ca5ef-1d3c-4f63-bcb7-6aefc9df5a14","block_type":"box","text":"Bought SGD, Sold GBP 19,748 for settlement on","page_number":80,"box":{"x":230,"y":663,"width":366,"height":12}},{"id":"722189af-7171-4990-869e-5d2065b6ba4d","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":678,"width":83,"height":8}},{"id":"a1423c8c-6fbc-4c78-93ed-1423b910ee41","block_type":"box","text":"(165)","page_number":80,"box":{"x":762,"y":678,"width":38,"height":11}},{"id":"f23c7512-5ee9-4ee0-ad00-a2e1a58991ed","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":683,"width":9,"height":1}},{"id":"92ed5c3a-bb6d-4bce-a566-5ac5268149b9","block_type":"box","text":"SGD 34","page_number":80,"box":{"x":137,"y":693,"width":58,"height":9}},{"id":"9888601b-c18b-4696-98f0-6d73a7301c1f","block_type":"box","text":"Bought SGD, Sold GBP 20 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":693,"width":417,"height":11}},{"id":"381dedce-076e-410b-b838-7ef59a35973e","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":698,"width":9,"height":1}},{"id":"9c1c7c7e-8870-4998-a62c-ea1cddeb3e83","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":698,"width":9,"height":1}},{"id":"e5df6e9d-0950-43d3-a0ff-0ee005e7b49b","block_type":"box","text":"JPY 625,206","page_number":80,"box":{"x":100,"y":708,"width":95,"height":11}},{"id":"f040ac14-92fa-4f0a-ad0c-f09aadd15097","block_type":"box","text":"Bought JPY, Sold GBP 2,905 for settlement on","page_number":80,"box":{"x":230,"y":708,"width":343,"height":11}},{"id":"563fb748-6d29-4bdb-bf0f-4bd4b126b288","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":722,"width":83,"height":9}},{"id":"8ee8b437-a45a-4464-a1db-44b2569e4b01","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":728,"width":9,"height":1}},{"id":"909a51c8-aba2-413a-ab6b-fb567990d4bd","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":728,"width":9,"height":1}},{"id":"02a2acea-f139-42d0-ba9f-15ffeb442b8c","block_type":"box","text":"JPY 472","page_number":80,"box":{"x":133,"y":738,"width":62,"height":9}},{"id":"b673e038-a0fa-4613-a6c4-197e1f7d6334","block_type":"box","text":"Bought JPY, Sold GBP 2 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":738,"width":400,"height":11}},{"id":"a94cce8e-8252-4999-91f3-2d1437c62876","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":743,"width":9,"height":1}},{"id":"23385e28-b551-4cc4-a70f-be686c55149f","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":743,"width":9,"height":1}},{"id":"f50ff828-b8ee-466e-9ab6-5a190dce78bc","block_type":"box","text":"JPY 11,786","page_number":80,"box":{"x":111,"y":753,"width":84,"height":11}},{"id":"8ac9ff3b-e562-4aba-b14c-c92fc55592f6","block_type":"box","text":"Bought JPY, Sold GBP 55 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":753,"width":409,"height":11}},{"id":"acbc3f49-ff63-4021-a73d-c627a32fdad5","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":758,"width":9,"height":1}},{"id":"b5b5956e-6c70-498a-b866-908a240ed6c9","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":758,"width":9,"height":1}},{"id":"3a2b945a-fc7d-465f-a5e9-de7d85230cbf","block_type":"box","text":"JPY 1,226","page_number":80,"box":{"x":119,"y":769,"width":76,"height":10}},{"id":"164408f8-c281-4694-9353-1672feeaca57","block_type":"box","text":"Bought JPY, Sold GBP 6 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":769,"width":400,"height":11}},{"id":"d861447f-60ce-4d0f-8b3f-9a45e4ab0e1a","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":774,"width":9,"height":1}},{"id":"99e7f100-8834-47c0-83c0-e66c7db513f8","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":774,"width":9,"height":1}},{"id":"24070a7e-f0f5-4d65-83d8-191be4686eca","block_type":"box","text":"USD 142","page_number":80,"box":{"x":129,"y":784,"width":66,"height":9}},{"id":"166b1b24-a2fd-4a94-a9a7-bc2554d6e995","block_type":"box","text":"Bought USD, Sold GBP 107 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":784,"width":425,"height":11}},{"id":"8b1c08b6-ac91-4c78-90a5-e943d3cc77e7","block_type":"box","text":"(1)","page_number":80,"box":{"x":781,"y":784,"width":19,"height":11}},{"id":"db65d9f4-4113-439d-904f-c0720c765dea","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":789,"width":9,"height":1}},{"id":"9bcc2392-6956-45e1-a165-356fcc72b2f0","block_type":"box","text":"CHF 20","page_number":80,"box":{"x":139,"y":799,"width":56,"height":9}},{"id":"6ac3d396-8b5d-4f86-ab5e-95316d7f2713","block_type":"box","text":"Bought CHF, Sold GBP 19 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":799,"width":413,"height":12}},{"id":"4be45869-814e-47a5-a100-f84d97ffb195","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":805,"width":9,"height":0}},{"id":"09826e9b-fd85-4242-aa9e-71a0564e85c0","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":805,"width":9,"height":0}},{"id":"099d0b71-32f3-41c6-8650-717233aa6861","block_type":"box","text":"CHF 39,953","page_number":80,"box":{"x":106,"y":815,"width":89,"height":10}},{"id":"a4ad9223-80a2-4c95-b042-87e4595f9505","block_type":"box","text":"Bought CHF, Sold GBP 37,318 for settlement on","page_number":80,"box":{"x":230,"y":815,"width":357,"height":11}},{"id":"89411290-e768-495e-a656-05f661aba65b","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":829,"width":83,"height":9}},{"id":"b9525a5f-52f8-4928-8f1c-82a784207abb","block_type":"box","text":"(33)","page_number":80,"box":{"x":771,"y":829,"width":29,"height":11}},{"id":"8b894249-0574-4ae4-98ff-2b5892e76ddc","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":834,"width":9,"height":1}},{"id":"12d6d59d-d0b2-447c-9fa6-447fb8558ada","block_type":"box","text":"CHF 0","page_number":80,"box":{"x":148,"y":844,"width":47,"height":9}},{"id":"0aa2fd4c-5f1f-455e-8cba-fa49830aecd4","block_type":"box","text":"Bought CHF, Sold GBP – for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":844,"width":404,"height":12}},{"id":"6b8f80ca-1c2d-4f3e-beeb-d00d7a1ef3d8","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":850,"width":9,"height":0}},{"id":"58df711e-968c-4d66-9996-4463b2651090","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":850,"width":9,"height":0}},{"id":"588c588f-5c53-4627-822f-7ff1fa7b29b9","block_type":"box","text":"HKD 397","page_number":80,"box":{"x":129,"y":860,"width":66,"height":9}},{"id":"c56c0a99-13e7-4061-8f66-e0f422e5da8a","block_type":"box","text":"Bought HKD, Sold GBP 38 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":860,"width":416,"height":11}},{"id":"92cfb110-313b-4cc8-ba6a-a726021a7b0c","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":865,"width":9,"height":1}},{"id":"4896d09a-78e2-4e82-8f39-678d7020a9bf","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":865,"width":9,"height":1}},{"id":"99e31899-e1cc-45b7-8b9c-83f3fa2eefa7","block_type":"box","text":"HKD 7,516","page_number":80,"box":{"x":115,"y":875,"width":80,"height":10}},{"id":"86bc2d0d-ecca-47db-b3f2-5554a7198adc","block_type":"box","text":"Bought HKD, Sold GBP 726 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":875,"width":425,"height":11}},{"id":"f62f9569-a625-48cb-875d-761eb39ab051","block_type":"box","text":"(8)","page_number":80,"box":{"x":781,"y":875,"width":19,"height":11}},{"id":"c2808a03-0af6-43d9-a956-3a5ed4a12191","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":880,"width":9,"height":1}},{"id":"36c0f65e-73ab-463b-8636-287024cda9be","block_type":"box","text":"HKD 17","page_number":80,"box":{"x":138,"y":890,"width":57,"height":9}},{"id":"ea23e8dd-5a28-4fcf-a8b7-23f4401acbfb","block_type":"box","text":"Bought HKD, Sold GBP 2 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":890,"width":407,"height":12}},{"id":"8cc532aa-8498-438b-9409-9f66109df241","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":896,"width":9,"height":0}},{"id":"16763e04-6daf-4204-a27b-dc61ff066475","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":896,"width":9,"height":0}},{"id":"3d933138-0a55-4a57-8aa6-d09ba5ac71fe","block_type":"box","text":"HKD 284,906","page_number":80,"box":{"x":96,"y":906,"width":99,"height":10}},{"id":"6c22a497-4209-4b65-bbef-cd180b9b1ad8","block_type":"box","text":"Bought HKD, Sold GBP 27,512 for settlement on","page_number":80,"box":{"x":230,"y":906,"width":365,"height":11}},{"id":"c0ecd0ba-179c-40d8-826c-95d80443a625","block_type":"box","text":"24/07/2026","page_number":80,"box":{"x":229,"y":920,"width":83,"height":9}},{"id":"aaa1efc8-07cb-44f0-b12f-aeaf84ba3ee7","block_type":"box","text":"(30","page_number":80,"box":{"x":762,"y":920,"width":22,"height":11}},{"id":"dc6eb530-72ac-402b-9067-9e0355efe89d","block_type":"box","text":"6","page_number":80,"box":{"x":786,"y":920,"width":8,"height":9}},{"id":"c6c3437d-2d4f-4681-a9d0-2371971a2b43","block_type":"box","text":")","page_number":80,"box":{"x":796,"y":920,"width":4,"height":11}},{"id":"ef9649bf-d58a-4caa-b68b-e02ab8e2f071","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":925,"width":9,"height":1}},{"id":"f4138902-0c93-4d9b-baa7-fc669616bc86","block_type":"box","text":"HKD 302","page_number":80,"box":{"x":129,"y":935,"width":66,"height":9}},{"id":"168761d1-1292-4ef6-8cad-35b154938db3","block_type":"box","text":"Bought HKD, Sold GBP 29 for settlement on 24/07/2026","page_number":80,"box":{"x":230,"y":935,"width":416,"height":12}},{"id":"22a8be5b-1f6e-4c85-87d2-7b4543450c27","block_type":"box","text":"–","page_number":80,"box":{"x":791,"y":941,"width":9,"height":0}},{"id":"450579be-f018-4da3-bcc1-a2a2ad2acf2d","block_type":"box","text":"–","page_number":80,"box":{"x":948,"y":941,"width":9,"height":0}},{"id":"e5db3b64-48f9-4cc0-b8f5-d89679683cf8","block_type":"box","text":"80","page_number":81,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"bb5a6a51-14e9-48de-82df-3a24fc220d96","block_type":"box","text":"81","page_number":81,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"4ff51a7f-55c4-4971-98f8-c302dd2e5fa4","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":81,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"4ab74718-059b-478b-b607-0494c6d37470","block_type":"box","text":"Portfolio Statement (continued)","page_number":81,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"7486965c-a2f4-49f9-8b43-4169ef3ff615","block_type":"box","text":"Holding","page_number":81,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"6f761755-4b31-4569-82c0-7c21003cedad","block_type":"box","text":"Investment","page_number":81,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"ae3a3f2b-8474-4b5a-8882-a100a237be44","block_type":"box","text":"Market","page_number":81,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"808882f9-2db4-4e2f-a5e4-10143fb8d6fe","block_type":"box","text":"Value","page_number":81,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"2bbf57c3-51f1-4deb-8797-c5bdde8f21b3","block_type":"box","text":"£","page_number":81,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"deda4653-b7f7-4a49-a3b7-9a33bda04f3a","block_type":"box","text":"% of","page_number":81,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"de3f1f40-5019-4436-aec2-3eb5205bcded","block_type":"box","text":"Net Assets","page_number":81,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"0ebd8951-6795-4933-a07d-7c63fafe391b","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":81,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"feec80b4-dbe8-49f3-87fe-cde3008fe603","block_type":"box","text":"HKD 21","page_number":81,"box":{"x":138,"y":183,"width":55,"height":8}},{"id":"72e06ddc-8e03-4a14-b93e-83117e7d225c","block_type":"box","text":"Bought HKD, Sold GBP 2 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":183,"width":407,"height":11}},{"id":"c69d52a2-b2bc-4554-af15-222b9529bb4a","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"3160e8a4-39db-418c-bc68-8b92e58453b4","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"69b7d592-b313-402a-bc7a-988f3bb48793","block_type":"box","text":"HKD 128,608","page_number":81,"box":{"x":96,"y":198,"width":99,"height":11}},{"id":"a875fba9-cc4d-4b13-9b27-3f3fbd5da083","block_type":"box","text":"Bought HKD, Sold GBP 12,482 for settlement on","page_number":81,"box":{"x":230,"y":198,"width":365,"height":11}},{"id":"c4495428-4ec9-4c64-af25-f5c0e8266a2c","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"54374ddc-5a35-4f07-80fc-a4237256edc7","block_type":"box","text":"(200)","page_number":81,"box":{"x":762,"y":212,"width":38,"height":12}},{"id":"fd938d83-ebcc-4cd8-bd4f-706d03873d4b","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"6f381f9b-d503-4ee2-a6bc-af46108e43ef","block_type":"box","text":"HKD 1,234","page_number":81,"box":{"x":115,"y":228,"width":80,"height":10}},{"id":"38dc26f7-192c-4cc4-9a81-586ce0f0c038","block_type":"box","text":"Bought HKD, Sold GBP 120 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":228,"width":425,"height":11}},{"id":"b6ad1185-7bc2-4c45-b4db-c898ad606f5c","block_type":"box","text":"(2)","page_number":81,"box":{"x":781,"y":228,"width":19,"height":11}},{"id":"d90fca55-97ea-43d3-a559-a3b2de906351","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"18a854e7-2172-4869-9244-f9b1d21f6b61","block_type":"box","text":"HKD 8","page_number":81,"box":{"x":148,"y":243,"width":47,"height":9}},{"id":"1ac27a53-a7af-4aed-b227-422a765385b3","block_type":"box","text":"Bought HKD, Sold GBP 1 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":243,"width":407,"height":11}},{"id":"54b1da55-4599-47a9-9559-5e03fa00dfb6","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":248,"width":9,"height":1}},{"id":"3ade77e7-dc62-41c7-9399-ad221f918c77","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"daa7265d-4667-4265-a01b-0c3c4d9a9040","block_type":"box","text":"HKD 568","page_number":81,"box":{"x":129,"y":259,"width":66,"height":8}},{"id":"75a81b03-d74e-4b99-b6c4-298c37007439","block_type":"box","text":"Bought HKD, Sold GBP 55 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":258,"width":416,"height":12}},{"id":"c6b2e239-b0ac-4f9c-a5c9-e6c9da0f217f","block_type":"box","text":"(1)","page_number":81,"box":{"x":781,"y":258,"width":19,"height":12}},{"id":"c2e9ebe1-5e8e-481f-8dff-a3029dd1dcb7","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":264,"width":9,"height":1}},{"id":"106c5ccf-357d-4460-b97f-c4ec468bda15","block_type":"box","text":"HKD 3,120","page_number":81,"box":{"x":115,"y":274,"width":80,"height":10}},{"id":"dd2ac5e4-d179-4189-8981-7f7d94427a8c","block_type":"box","text":"Bought HKD, Sold GBP 301 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":274,"width":425,"height":11}},{"id":"fc21d461-2e62-4cb6-bd24-f046debecde7","block_type":"box","text":"(3)","page_number":81,"box":{"x":781,"y":274,"width":19,"height":11}},{"id":"bbdb9014-6685-4d6e-8873-de51b72e0c0a","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":279,"width":9,"height":1}},{"id":"ff0873ed-e21a-450b-a4b2-e33a191c89cb","block_type":"box","text":"HKD 577","page_number":81,"box":{"x":129,"y":289,"width":66,"height":9}},{"id":"d2a681db-db14-419d-bbe9-44e8e7ad3cf8","block_type":"box","text":"Bought HKD, Sold GBP 56 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":289,"width":416,"height":11}},{"id":"c386213e-ec4a-467b-9753-58ce9b852e26","block_type":"box","text":"(1)","page_number":81,"box":{"x":781,"y":289,"width":19,"height":11}},{"id":"65ff659f-5c59-4d25-9368-4849511e8474","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":294,"width":9,"height":1}},{"id":"f4bdff28-3a10-4947-9dee-7f2eea104a7a","block_type":"box","text":"EUR 0","page_number":81,"box":{"x":148,"y":305,"width":47,"height":8}},{"id":"53c18a91-3cf3-401f-ab95-ca6977876de5","block_type":"box","text":"Bought EUR, Sold GBP – for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":305,"width":407,"height":11}},{"id":"9d98a29a-4d2e-47fa-b5f1-9e9d40fc7c80","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":310,"width":9,"height":1}},{"id":"38da1ad8-b915-4e48-98a6-64ec6c2128e7","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":310,"width":9,"height":1}},{"id":"a41f55e9-920b-4116-82c7-3e58998459cb","block_type":"box","text":"EUR 174","page_number":81,"box":{"x":129,"y":320,"width":66,"height":9}},{"id":"a4d56ea9-dbdd-45db-a42a-75b48d903e0a","block_type":"box","text":"Bought EUR, Sold GBP 150 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":320,"width":425,"height":11}},{"id":"811ac678-33c8-42cc-8580-858507b50df7","block_type":"box","text":"(1)","page_number":81,"box":{"x":781,"y":320,"width":19,"height":11}},{"id":"72778c22-a962-4da0-904a-eca7cb150960","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":325,"width":9,"height":1}},{"id":"77f7424c-c00d-4183-bcdf-8ddc6fe3ffc7","block_type":"box","text":"EUR 77,432","page_number":81,"box":{"x":105,"y":335,"width":90,"height":11}},{"id":"5b922b7c-7ad7-4de8-80b2-d7eea12200fa","block_type":"box","text":"Bought EUR, Sold GBP 66,762 for settlement on","page_number":81,"box":{"x":230,"y":335,"width":365,"height":11}},{"id":"d30fce09-1d0f-4641-bef4-39b38f6abbfd","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":349,"width":83,"height":9}},{"id":"1bb2ca93-6450-4199-9867-3041f7ce4ea9","block_type":"box","text":"(396)","page_number":81,"box":{"x":762,"y":349,"width":38,"height":12}},{"id":"ea3d645a-1e51-4fc0-abf8-16d0a85fbf59","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":355,"width":9,"height":1}},{"id":"3d43ef41-0075-4475-80cf-bd1c28d72d96","block_type":"box","text":"EUR 8","page_number":81,"box":{"x":148,"y":365,"width":47,"height":9}},{"id":"e75a9ee7-9024-4658-b8b1-d5be6c67441d","block_type":"box","text":"Bought EUR, Sold GBP 7 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":365,"width":407,"height":11}},{"id":"bd8d9828-984f-4ea9-bdf6-c2921f18f43c","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":370,"width":9,"height":1}},{"id":"ad5e0bce-2910-471b-a308-69a4099ff996","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":370,"width":9,"height":1}},{"id":"0315f94b-ebe8-4875-8d1e-afb0b3dfef1c","block_type":"box","text":"EUR 3,478","page_number":81,"box":{"x":115,"y":380,"width":80,"height":11}},{"id":"ed36d79a-bb81-4722-a602-98d8a20b9d45","block_type":"box","text":"Bought EUR, Sold GBP 3,002 for settlement on","page_number":81,"box":{"x":230,"y":380,"width":356,"height":11}},{"id":"b520adeb-589a-4bcb-bb62-718cb0595595","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":394,"width":83,"height":9}},{"id":"33537e25-0849-40e5-8b85-b30fddedc399","block_type":"box","text":"(21)","page_number":81,"box":{"x":771,"y":394,"width":29,"height":12}},{"id":"8c317fcd-f869-4d43-ba22-f546aec172b0","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":400,"width":9,"height":1}},{"id":"e328acb3-90fa-4111-ad95-87c6d5908e56","block_type":"box","text":"EUR 129","page_number":81,"box":{"x":129,"y":410,"width":66,"height":9}},{"id":"70847bcb-9c9e-4abe-a2c2-1752d42586f5","block_type":"box","text":"Bought EUR, Sold GBP 111 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":410,"width":423,"height":11}},{"id":"2b4bddb5-698d-4270-99ec-8d2038bb1a5f","block_type":"box","text":"(1)","page_number":81,"box":{"x":781,"y":410,"width":19,"height":11}},{"id":"c269039f-00ce-47f2-97ce-cb5ef820e618","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":415,"width":9,"height":1}},{"id":"5ff09bfa-e391-49d7-8205-8590ab852c5f","block_type":"box","text":"EUR 9","page_number":81,"box":{"x":148,"y":425,"width":47,"height":9}},{"id":"fbd4110f-3a95-4236-ad24-d22016035a56","block_type":"box","text":"Bought EUR, Sold GBP 8 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":425,"width":407,"height":11}},{"id":"b4bebbfc-a5cc-440f-8b64-9c9abbcfd335","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":430,"width":9,"height":1}},{"id":"e9c51975-f79b-40da-b1bc-593b06bf970c","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":430,"width":9,"height":1}},{"id":"fd939bc6-53c1-4e83-a341-9a5c7597f0ab","block_type":"box","text":"EUR 512","page_number":81,"box":{"x":129,"y":441,"width":66,"height":8}},{"id":"30a5fc81-6207-46de-9ba9-6dd312f2505b","block_type":"box","text":"Bought EUR, Sold GBP 442 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":441,"width":425,"height":11}},{"id":"4e99db81-d703-4926-8d8f-c3a2b431276e","block_type":"box","text":"(3)","page_number":81,"box":{"x":781,"y":441,"width":19,"height":11}},{"id":"f0a0175b-b299-49a6-8105-19a9584e8a1c","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":446,"width":9,"height":1}},{"id":"5091231c-bc34-4910-b9f7-880b3df8d6c5","block_type":"box","text":"EUR 63,817","page_number":81,"box":{"x":105,"y":456,"width":90,"height":10}},{"id":"930a9532-4fcd-4ade-8529-eaf8f5ea6a20","block_type":"box","text":"Bought EUR, Sold GBP 55,155 for settlement on","page_number":81,"box":{"x":230,"y":456,"width":365,"height":11}},{"id":"15d7043f-c7bb-4e94-8232-59b730ba6c04","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":470,"width":83,"height":9}},{"id":"868d5b26-0833-4e3a-b446-c06d72d7bf4a","block_type":"box","text":"(458)","page_number":81,"box":{"x":762,"y":470,"width":38,"height":11}},{"id":"8c904150-357c-42da-b017-788dd9fce029","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":475,"width":9,"height":1}},{"id":"6a6edba5-e4e1-4513-8d94-353102d5da1f","block_type":"box","text":"EUR 4","page_number":81,"box":{"x":148,"y":486,"width":47,"height":8}},{"id":"3f48eb55-f9ec-4ed6-8cd9-b69b241f287b","block_type":"box","text":"Bought EUR, Sold GBP 3 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":486,"width":407,"height":11}},{"id":"0d391ed5-5e69-42ce-a35f-e753574b7625","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":491,"width":9,"height":1}},{"id":"709b490d-0d38-4c5c-8962-050f170ecf55","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":491,"width":9,"height":1}},{"id":"7c7af1ac-aabc-403f-b65c-baaddb9de6a6","block_type":"box","text":"EUR 274","page_number":81,"box":{"x":129,"y":501,"width":66,"height":9}},{"id":"9cc6ae0c-cbf5-4813-bfa1-774241c7408c","block_type":"box","text":"Bought EUR, Sold GBP 236 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":501,"width":425,"height":11}},{"id":"336324df-9dd8-439a-af54-0becd7bf2222","block_type":"box","text":"(2)","page_number":81,"box":{"x":781,"y":501,"width":19,"height":11}},{"id":"102c226b-60b6-4175-8ea8-f0595dfc0247","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":506,"width":9,"height":1}},{"id":"fb379540-d779-4506-9e58-0102a52b1076","block_type":"box","text":"EUR 1,517","page_number":81,"box":{"x":115,"y":516,"width":80,"height":11}},{"id":"fe152653-86e4-4dee-bec3-847eb6459153","block_type":"box","text":"Bought EUR, Sold GBP 1,312 for settlement on","page_number":81,"box":{"x":230,"y":516,"width":356,"height":12}},{"id":"2775aa7d-530c-4191-a3bc-1a79ed1f661a","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":531,"width":83,"height":8}},{"id":"c23b3aef-9a12-4913-954d-8a080d0dfd54","block_type":"box","text":"(11)","page_number":81,"box":{"x":773,"y":531,"width":27,"height":11}},{"id":"0ce9db65-4dc7-4d15-b8b8-9b766385f4d3","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":536,"width":9,"height":1}},{"id":"7302763c-dd89-4891-8fb6-dbcafbd11283","block_type":"box","text":"EUR 280","page_number":81,"box":{"x":129,"y":546,"width":66,"height":9}},{"id":"c82c8a69-ca2c-4446-a06e-998c7497fd55","block_type":"box","text":"Bought EUR, Sold GBP 243 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":546,"width":425,"height":11}},{"id":"bf02807a-29b7-48f2-83fa-cddb5fc0f023","block_type":"box","text":"(3)","page_number":81,"box":{"x":781,"y":546,"width":19,"height":11}},{"id":"1881817b-5375-4707-a464-f1d1b9265c19","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":551,"width":9,"height":1}},{"id":"1cb768c1-81b8-4364-9b77-531ae628ae48","block_type":"box","text":"JPY 9,409","page_number":81,"box":{"x":119,"y":561,"width":76,"height":11}},{"id":"5ef48257-2f15-472a-a73d-dec5611656be","block_type":"box","text":"Bought JPY, Sold GBP 44 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":561,"width":409,"height":12}},{"id":"eccef7e1-d8aa-4826-8b7d-c9ff90aa2afc","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":566,"width":9,"height":1}},{"id":"8ce672a8-a671-4ac4-b635-fa9da77eb0ec","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":566,"width":9,"height":1}},{"id":"a6b68ed0-a61b-4508-b11e-db700e95fdf6","block_type":"box","text":"HKD 143,385","page_number":81,"box":{"x":96,"y":577,"width":99,"height":10}},{"id":"9b1189f6-2bb5-46e5-b048-91958e8813bf","block_type":"box","text":"Bought HKD, Sold GBP 13,782 for settlement on","page_number":81,"box":{"x":230,"y":577,"width":365,"height":11}},{"id":"3e9fdfb4-c26b-4503-bdbf-392b31909538","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":591,"width":83,"height":9}},{"id":"11fc954c-d6fe-4743-ae3d-0f58454452a3","block_type":"box","text":"(89)","page_number":81,"box":{"x":771,"y":591,"width":29,"height":11}},{"id":"a110107d-ca0d-487c-ac96-8cb4438515d5","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":596,"width":9,"height":1}},{"id":"dd29f808-11f4-499a-9dde-901af0d56c5b","block_type":"box","text":"JPY 1,415,739","page_number":81,"box":{"x":86,"y":606,"width":109,"height":11}},{"id":"7abeb564-964c-4ab9-8cb9-25ecc4fbef72","block_type":"box","text":"Bought JPY, Sold GBP 6,668 for settlement on","page_number":81,"box":{"x":230,"y":606,"width":349,"height":11}},{"id":"4e65041d-3b62-4499-9a8a-09b802652862","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":620,"width":83,"height":9}},{"id":"53cc0080-d9fb-4817-9996-b0ffc00425f2","block_type":"box","text":"(90)","page_number":81,"box":{"x":771,"y":620,"width":29,"height":12}},{"id":"f706d2f6-f6d2-4afb-83b4-02ef0ca5f652","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":626,"width":9,"height":1}},{"id":"118e0878-97fe-46e6-8b0a-fc5d22ed9b5b","block_type":"box","text":"JPY 130,617","page_number":81,"box":{"x":100,"y":636,"width":95,"height":10}},{"id":"6a4512fd-1043-4a25-951f-54a8c36bc317","block_type":"box","text":"Bought JPY, Sold GBP 614 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":636,"width":419,"height":11}},{"id":"79f4f9f0-ce69-4421-9895-37ac0641edcb","block_type":"box","text":"(7)","page_number":81,"box":{"x":781,"y":636,"width":19,"height":11}},{"id":"5c670efb-3b7f-4a65-aa99-8887ed281fd2","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":641,"width":9,"height":1}},{"id":"17b6e94a-7d47-48cf-a83b-29115db0061c","block_type":"box","text":"CHF 100","page_number":81,"box":{"x":129,"y":651,"width":66,"height":9}},{"id":"d3778b71-347c-4386-a7c6-0466306ccd72","block_type":"box","text":"Bought CHF, Sold GBP 94 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":651,"width":413,"height":11}},{"id":"484b3ccf-507e-41e2-8941-96e6d6d383c2","block_type":"box","text":"(1)","page_number":81,"box":{"x":781,"y":651,"width":19,"height":11}},{"id":"ce77687f-8af7-4968-8b39-d40994ce56b7","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":656,"width":9,"height":1}},{"id":"48a4f0cb-524c-4283-97e2-e3b91b5446cd","block_type":"box","text":"USD 6,921","page_number":81,"box":{"x":115,"y":667,"width":78,"height":10}},{"id":"626e2c2c-ffee-44af-a52f-c717fe57b1f1","block_type":"box","text":"Bought USD, Sold GBP 5,249 for settlement on","page_number":81,"box":{"x":230,"y":667,"width":356,"height":11}},{"id":"def02a26-72a8-4b4b-83c1-4ff270855144","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":681,"width":83,"height":9}},{"id":"811bfc65-ecd6-4401-aa65-a394df9efaf3","block_type":"box","text":"(67)","page_number":81,"box":{"x":771,"y":681,"width":29,"height":11}},{"id":"756d69f7-2d2f-4713-96b3-4b8e956a3833","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":686,"width":9,"height":1}},{"id":"0d5ba216-d2e3-4f21-b8b9-98b19610bffb","block_type":"box","text":"SGD 1,984","page_number":81,"box":{"x":113,"y":696,"width":82,"height":11}},{"id":"98231e85-87bc-4b17-a446-41967d82cdb9","block_type":"box","text":"Bought SGD, Sold GBP 1,161 for settlement on","page_number":81,"box":{"x":230,"y":696,"width":351,"height":11}},{"id":"adc089e0-5fee-4ad9-8b8e-a65b3168ca12","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":710,"width":83,"height":9}},{"id":"494ec7a1-d5be-4be3-b134-5878c80d2f1c","block_type":"box","text":"(10)","page_number":81,"box":{"x":771,"y":710,"width":29,"height":12}},{"id":"d0ed93fc-5e64-4e72-8f5e-a5cae72973ec","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":716,"width":9,"height":1}},{"id":"3e7ac2c6-2925-48ab-828f-78e795c24b59","block_type":"box","text":"JPY 36,959","page_number":81,"box":{"x":110,"y":726,"width":85,"height":10}},{"id":"ae433a64-7dda-4a6e-b2de-a5419c68ec8a","block_type":"box","text":"Bought JPY, Sold GBP 172 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":726,"width":419,"height":11}},{"id":"4d36dfcb-550a-468a-a899-a319a077e37a","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":731,"width":9,"height":1}},{"id":"a6d27e67-e0d6-480b-b295-06b35191d6ca","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":731,"width":9,"height":1}},{"id":"bc4d587c-ea96-4ab5-9242-41e5d2c44ec6","block_type":"box","text":"JPY 83,755","page_number":81,"box":{"x":110,"y":741,"width":85,"height":11}},{"id":"231b7fbd-c4ac-4cb4-b169-02812e55d71f","block_type":"box","text":"Bought JPY, Sold GBP 395 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":741,"width":419,"height":11}},{"id":"5cf1b2c2-37d2-464f-9ea1-e7be85320472","block_type":"box","text":"(5)","page_number":81,"box":{"x":781,"y":741,"width":19,"height":11}},{"id":"b478d6f1-9152-40fa-ae9f-d1c057c37bb3","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":746,"width":9,"height":1}},{"id":"244c9e49-0f35-49b2-a2ea-b8854f79e337","block_type":"box","text":"HKD 3,179","page_number":81,"box":{"x":115,"y":757,"width":80,"height":10}},{"id":"a80cd87c-6ae3-4972-97d0-d4b60bb58422","block_type":"box","text":"Bought HKD, Sold GBP 306 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":757,"width":425,"height":11}},{"id":"cf84f5ca-5bb0-400b-a563-8c0c578d655f","block_type":"box","text":"(2)","page_number":81,"box":{"x":781,"y":757,"width":19,"height":11}},{"id":"953dd28d-b39e-4153-95f7-0ef5a12a3e78","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":762,"width":9,"height":1}},{"id":"b9d5c026-dcc5-45df-9b37-a12001399d70","block_type":"box","text":"HKD 6,306","page_number":81,"box":{"x":115,"y":772,"width":80,"height":10}},{"id":"ba823976-f89d-475d-b843-c28e26ea216e","block_type":"box","text":"Bought HKD, Sold GBP 609 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":772,"width":425,"height":11}},{"id":"644c1d6d-43fe-4efe-a08b-b33d3d70736d","block_type":"box","text":"(7)","page_number":81,"box":{"x":781,"y":772,"width":19,"height":11}},{"id":"9ef9c996-3e0b-4b22-9902-9e61ae196df2","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":777,"width":9,"height":1}},{"id":"df90b493-e0b2-4e01-b143-da6a0d506455","block_type":"box","text":"HKD 2,844","page_number":81,"box":{"x":115,"y":787,"width":80,"height":11}},{"id":"c1d7f216-3fcc-4051-9e97-814d42bbf4d7","block_type":"box","text":"Bought HKD, Sold GBP 276 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":787,"width":425,"height":12}},{"id":"e136d2c3-7d0e-45e0-abef-b70a2d29c229","block_type":"box","text":"(4)","page_number":81,"box":{"x":781,"y":787,"width":19,"height":12}},{"id":"644c7171-f803-48bd-ab6f-dbd2a66ba1ce","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":792,"width":9,"height":1}},{"id":"ed64443f-7ed6-42a5-9263-216a8a9fe357","block_type":"box","text":"EUR 1,714","page_number":81,"box":{"x":115,"y":803,"width":80,"height":10}},{"id":"cdeab716-0c3f-4929-a3f7-037257ed62f6","block_type":"box","text":"Bought EUR, Sold GBP 1,478 for settlement on","page_number":81,"box":{"x":230,"y":803,"width":350,"height":11}},{"id":"bcaeb5af-ab95-49ae-9dbe-446a658465e1","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":817,"width":83,"height":9}},{"id":"80758039-9fb0-494e-8466-455c2fe8f4e0","block_type":"box","text":"(9)","page_number":81,"box":{"x":781,"y":817,"width":19,"height":11}},{"id":"7c02837d-d539-42de-a5d1-dcfbc82958c4","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":822,"width":9,"height":1}},{"id":"4adf15d4-ad47-4d9a-ad47-6f6c978f6abd","block_type":"box","text":"EUR 1,412","page_number":81,"box":{"x":115,"y":832,"width":80,"height":11}},{"id":"d9aaba57-c0c8-4d52-9d83-6e2067743a6d","block_type":"box","text":"Bought EUR, Sold GBP 1,220 for settlement on","page_number":81,"box":{"x":230,"y":832,"width":350,"height":12}},{"id":"90b5c654-c06d-4055-bdd0-a581a0fbaaf1","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":846,"width":83,"height":9}},{"id":"37c8df7b-3aab-4c98-b8f0-1a22f777fd02","block_type":"box","text":"(10)","page_number":81,"box":{"x":771,"y":846,"width":29,"height":12}},{"id":"fc30dd47-22b5-424d-b13c-8bbf9466fc35","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":852,"width":9,"height":1}},{"id":"c501a356-860d-46f6-8f2b-6fbe75ed11c6","block_type":"box","text":"CHF 886","page_number":81,"box":{"x":129,"y":862,"width":66,"height":9}},{"id":"e8067426-8aef-4673-906b-8787c929149f","block_type":"box","text":"Bought CHF, Sold GBP 828 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":862,"width":423,"height":11}},{"id":"f110e0a4-2767-44d9-a6f7-ea525b8f4682","block_type":"box","text":"(1)","page_number":81,"box":{"x":781,"y":862,"width":19,"height":11}},{"id":"c0258b24-7273-4120-b670-7b1e17c91b14","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":867,"width":9,"height":1}},{"id":"d3e88641-54f9-45e1-b748-af8275074425","block_type":"box","text":"CHF 570","page_number":81,"box":{"x":129,"y":877,"width":66,"height":9}},{"id":"71849978-811a-4cf0-b553-84f07852d152","block_type":"box","text":"Bought CHF, Sold GBP 535 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":877,"width":423,"height":11}},{"id":"4f1e0fe4-b718-4790-9939-297ca1205ac9","block_type":"box","text":"(3)","page_number":81,"box":{"x":781,"y":877,"width":19,"height":11}},{"id":"8f3c6a82-c7e8-4e88-8fdf-4d2bca1d1d6b","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":882,"width":9,"height":1}},{"id":"97ec6e1a-0627-40a3-a82e-3c82e8dfe68a","block_type":"box","text":"CHF 231","page_number":81,"box":{"x":129,"y":893,"width":64,"height":9}},{"id":"e0aef294-5ba8-42d4-9ecc-5701fb9889c9","block_type":"box","text":"Bought CHF, Sold GBP 216 for settlement on 24/07/2026","page_number":81,"box":{"x":230,"y":893,"width":423,"height":11}},{"id":"2eb00d81-5561-484a-9151-fa50aca917ca","block_type":"box","text":"–","page_number":81,"box":{"x":791,"y":898,"width":9,"height":1}},{"id":"68701c62-5f83-482e-b40a-99f573cf1161","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":898,"width":9,"height":1}},{"id":"f89848bf-c1a2-44e5-a8f4-0187090acf5b","block_type":"box","text":"USD 93,288","page_number":81,"box":{"x":105,"y":908,"width":90,"height":10}},{"id":"58d5f221-67fd-4770-9784-63748993854f","block_type":"box","text":"Bought USD, Sold GBP 70,746 for settlement on","page_number":81,"box":{"x":230,"y":908,"width":365,"height":11}},{"id":"9be35225-3476-437a-bdbd-6fe8e4a4251e","block_type":"box","text":"24/07/2026","page_number":81,"box":{"x":229,"y":922,"width":83,"height":9}},{"id":"796ac43e-3f11-4161-bf60-8e990887ae1a","block_type":"box","text":"(90","page_number":81,"box":{"x":762,"y":922,"width":22,"height":11}},{"id":"72900b09-725f-4251-beab-4e011c5c546a","block_type":"box","text":"6","page_number":81,"box":{"x":786,"y":922,"width":8,"height":9}},{"id":"2d04fb58-9f50-4d6d-b1c5-0eaa3ee1a3a3","block_type":"box","text":")","page_number":81,"box":{"x":796,"y":922,"width":4,"height":11}},{"id":"86b25def-7737-4b10-8186-e0b41cf67f72","block_type":"box","text":"–","page_number":81,"box":{"x":948,"y":927,"width":9,"height":1}},{"id":"b09c9f24-9b6a-4cbf-b78b-0bcfe1da09fa","block_type":"box","text":"81","page_number":82,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"c0f224d8-9b61-41cb-a4e5-55303d3fca78","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":82,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"6392f04b-a8d4-4461-b1d7-0fdc46c75abc","block_type":"box","text":"Portfolio Statement (continued)","page_number":82,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"2de4cd94-9afb-4111-a72b-fecc160c43d8","block_type":"box","text":"Holding","page_number":82,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"3d4726fb-3bc0-4970-a3ae-7950aea41c6d","block_type":"box","text":"Investment","page_number":82,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"3846c0a0-4ca1-41ba-b7cc-e670532131c7","block_type":"box","text":"Market","page_number":82,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"e914effa-710b-4758-af17-9da32ea327cf","block_type":"box","text":"Value","page_number":82,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"a63e9e9a-845f-42d7-bc7a-2f90bdfe56bd","block_type":"box","text":"£","page_number":82,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"937a5d27-8dda-41bf-a76f-d47c26bba20e","block_type":"box","text":"% of","page_number":82,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"9973317a-be1f-47eb-98c4-a071aa6fb1e9","block_type":"box","text":"Net Assets","page_number":82,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"55115b76-aebc-48cd-b504-082c554a6e28","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":82,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"59b6dae4-deb9-4425-b192-925f766d5255","block_type":"box","text":"SGD 26,735","page_number":82,"box":{"x":104,"y":183,"width":91,"height":10}},{"id":"836b26ef-f022-45db-9db9-ffb3028850cd","block_type":"box","text":"Bought SGD, Sold GBP 15,642 for settlement on","page_number":82,"box":{"x":230,"y":183,"width":366,"height":11}},{"id":"455af64d-7b54-46ce-8134-47d44166a284","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"8ba50591-83ae-4a9e-a1df-ccd692c2087b","block_type":"box","text":"(131)","page_number":82,"box":{"x":762,"y":197,"width":38,"height":11}},{"id":"36317232-eadf-4ec9-926b-341a6f90fbc5","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"dc12dc75-3fbd-42ee-b8a6-69b66f551dbc","block_type":"box","text":"JPY 498,167","page_number":82,"box":{"x":100,"y":212,"width":95,"height":11}},{"id":"42728312-8bac-4e57-80c2-89b549b42aa8","block_type":"box","text":"Bought JPY, Sold GBP 2,315 for settlement on","page_number":82,"box":{"x":230,"y":212,"width":349,"height":12}},{"id":"1ca8f569-2d7d-4bdc-8eb4-e3821149a1c8","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"d87b9f58-c9bd-4830-aa57-1b94e65ff835","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":232,"width":9,"height":1}},{"id":"f0c1bd6c-43ee-46f6-bd92-9b53f924302a","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"09795a34-1758-4d09-8890-ed249a01c25e","block_type":"box","text":"JPY 1,128,890","page_number":82,"box":{"x":86,"y":242,"width":109,"height":10}},{"id":"396efe6f-4460-4325-8a10-2bfad91a8fc2","block_type":"box","text":"Bought JPY, Sold GBP 5,317 for settlement on","page_number":82,"box":{"x":230,"y":242,"width":349,"height":11}},{"id":"fdc63742-adc4-4c1f-b173-2c1d9fad7d64","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"9f49326f-ab12-4a95-949a-e954416b7230","block_type":"box","text":"(72)","page_number":82,"box":{"x":771,"y":256,"width":29,"height":11}},{"id":"d3cfc31e-88bf-45d7-88e8-8ba5f32acb8f","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"190e7b63-310e-4120-bcff-03cdc5014da7","block_type":"box","text":"HKD 42,847","page_number":82,"box":{"x":105,"y":272,"width":90,"height":10}},{"id":"188ad4c3-4dc7-4b4a-82d5-b29579f6ba8a","block_type":"box","text":"Bought HKD, Sold GBP 4,118 for settlement on","page_number":82,"box":{"x":230,"y":272,"width":355,"height":11}},{"id":"636dbd38-fd33-4f1c-b623-f55bf11d335c","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"e8a08104-1ed1-413d-bb5c-eddee032c17f","block_type":"box","text":"(27)","page_number":82,"box":{"x":771,"y":286,"width":29,"height":11}},{"id":"28324305-a054-4db7-97a8-f820222b7486","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"68018b50-f511-432f-8663-3ce24daa161a","block_type":"box","text":"HKD 84,990","page_number":82,"box":{"x":105,"y":301,"width":90,"height":11}},{"id":"567ccf1c-6b97-4952-8bea-b3bcd0aad9f2","block_type":"box","text":"Bought HKD, Sold GBP 8,207 for settlement on","page_number":82,"box":{"x":230,"y":301,"width":356,"height":11}},{"id":"90be962a-9b03-4599-a3af-c4e7c1b12949","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"8d593fa0-6658-4b77-9081-259af9e019f4","block_type":"box","text":"(91)","page_number":82,"box":{"x":771,"y":315,"width":29,"height":12}},{"id":"bc481dca-477b-4f6b-a077-3df1743cb143","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"2249a77e-087e-42bf-ab17-cec72010ac20","block_type":"box","text":"HKD 38,332","page_number":82,"box":{"x":105,"y":331,"width":90,"height":10}},{"id":"bb5869b0-2eb1-46a5-9fd3-7dfecf4eef9b","block_type":"box","text":"Bought HKD, Sold GBP 3,720 for settlement on","page_number":82,"box":{"x":230,"y":331,"width":356,"height":11}},{"id":"06f22e0b-9b7f-453a-b8af-1651f031deb4","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"15fd6a4f-745f-40fe-b397-3214527222cf","block_type":"box","text":"(60)","page_number":82,"box":{"x":771,"y":345,"width":29,"height":11}},{"id":"d5442adf-5813-4da2-8372-4680f50af278","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":350,"width":9,"height":1}},{"id":"c3ca6572-2616-436c-9d83-dfd5e194ba14","block_type":"box","text":"EUR 23,097","page_number":82,"box":{"x":105,"y":361,"width":90,"height":10}},{"id":"9e5fd9d7-489e-456b-887c-82c7db791f26","block_type":"box","text":"Bought EUR, Sold GBP 19,914 for settlement on","page_number":82,"box":{"x":230,"y":360,"width":365,"height":12}},{"id":"b6605343-dab4-49bd-916d-74ad2b54d1e1","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":375,"width":83,"height":9}},{"id":"0a54e314-b3fd-4950-885a-1e28b0c6312b","block_type":"box","text":"(118)","page_number":82,"box":{"x":763,"y":375,"width":37,"height":11}},{"id":"b03c5f5b-e281-4e71-a59a-6a7dec591ef5","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":380,"width":9,"height":1}},{"id":"08aaa410-e08d-4f3c-8ae8-e3689ecb609a","block_type":"box","text":"EUR 19,029","page_number":82,"box":{"x":105,"y":390,"width":90,"height":11}},{"id":"a65ad7c7-5844-4478-b527-5b6238dd6f07","block_type":"box","text":"Bought EUR, Sold GBP 16,446 for settlement on","page_number":82,"box":{"x":230,"y":390,"width":365,"height":11}},{"id":"d158b00f-b080-42b4-8449-2a557face903","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":404,"width":83,"height":9}},{"id":"f325deea-006d-47d8-ab32-f15188d75b07","block_type":"box","text":"(137)","page_number":82,"box":{"x":762,"y":404,"width":38,"height":12}},{"id":"059f3866-87f1-4be0-a770-e0471531eb98","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":410,"width":9,"height":0}},{"id":"ddcd3705-330d-4ec3-9087-f4ac6999b99b","block_type":"box","text":"CHF 11,944","page_number":82,"box":{"x":107,"y":420,"width":88,"height":10}},{"id":"719d012d-dfb0-4385-a70c-8b899de330de","block_type":"box","text":"Bought CHF, Sold GBP 11,156 for settlement on","page_number":82,"box":{"x":230,"y":420,"width":361,"height":11}},{"id":"8d79fce6-595e-4097-b0cd-7fd97e9ddc10","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":434,"width":83,"height":9}},{"id":"ed3b44d9-858d-4b30-a61c-87001074917e","block_type":"box","text":"(10)","page_number":82,"box":{"x":771,"y":434,"width":29,"height":11}},{"id":"22bfebe5-e96e-4fb4-b655-c2e59c59400f","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":439,"width":9,"height":1}},{"id":"1c97b470-5044-4160-b493-2264c28ef351","block_type":"box","text":"CHF 3,113","page_number":82,"box":{"x":117,"y":449,"width":78,"height":11}},{"id":"cb915d28-108e-4f6f-a13d-743122193d17","block_type":"box","text":"Bought CHF, Sold GBP 2,911 for settlement on","page_number":82,"box":{"x":230,"y":449,"width":352,"height":12}},{"id":"7d913097-af9e-46f7-a358-6c67d44478df","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":464,"width":83,"height":8}},{"id":"2024323b-2d57-446f-83ab-4697e05b3643","block_type":"box","text":"(5)","page_number":82,"box":{"x":781,"y":464,"width":19,"height":11}},{"id":"081334c7-073e-4971-a3da-6665689c9127","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":469,"width":9,"height":1}},{"id":"3329161a-7358-4c72-93a4-101c3a53fe2f","block_type":"box","text":"CHF 1,568","page_number":82,"box":{"x":115,"y":479,"width":80,"height":10}},{"id":"be078d31-3fe2-4fee-8446-fb1065a403d0","block_type":"box","text":"Bought CHF, Sold GBP 1,473 for settlement on","page_number":82,"box":{"x":230,"y":479,"width":353,"height":11}},{"id":"40eb9619-4ca1-4814-a9d3-aa5be6462803","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":493,"width":83,"height":9}},{"id":"fb8b4263-723a-4466-82ad-4a93c720604f","block_type":"box","text":"(10)","page_number":82,"box":{"x":771,"y":493,"width":29,"height":11}},{"id":"27028f0f-1326-489f-ab75-610248896ab1","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":498,"width":9,"height":1}},{"id":"6edab239-25a1-4abe-a722-d2ee301d15dd","block_type":"box","text":"CHF 26,686","page_number":82,"box":{"x":106,"y":509,"width":89,"height":10}},{"id":"924910b6-964a-4318-941c-8dd1435f5921","block_type":"box","text":"Bought CHF, Sold GBP 25,072 for settlement on","page_number":82,"box":{"x":230,"y":509,"width":363,"height":11}},{"id":"733c42ed-55ea-4c9f-84aa-099a5c50d91d","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":523,"width":83,"height":9}},{"id":"290fd83c-1262-4ee1-950e-6e88f489cb02","block_type":"box","text":"(168)","page_number":82,"box":{"x":762,"y":523,"width":38,"height":11}},{"id":"db02723d-7e8d-4f58-a7b6-b5d868cb9e19","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":528,"width":9,"height":1}},{"id":"c581d6cc-39ca-4792-ac6e-4c0875e7dee8","block_type":"box","text":"CHF 0","page_number":82,"box":{"x":148,"y":538,"width":47,"height":9}},{"id":"21a033b5-9be9-4179-ae7e-b486406c855a","block_type":"box","text":"Bought CHF, Sold GBP – for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":538,"width":404,"height":11}},{"id":"9add2474-2b99-403e-8edb-0371d353483c","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":543,"width":9,"height":1}},{"id":"489edc0a-8fa0-4973-9af1-b20ed06a0530","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":543,"width":9,"height":1}},{"id":"83854b7b-3846-4f74-803d-7e4e3b6ba083","block_type":"box","text":"CHF 33","page_number":82,"box":{"x":139,"y":554,"width":56,"height":8}},{"id":"bd1e0438-b83e-4bd8-9cd4-291e3e21244b","block_type":"box","text":"Bought CHF, Sold GBP 31 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":554,"width":413,"height":11}},{"id":"db464e75-d8ee-4c2a-b354-fe8037f1995a","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":559,"width":9,"height":1}},{"id":"7b17590a-3911-401d-9876-bf3a51fc7169","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":559,"width":9,"height":1}},{"id":"b1a79519-539a-4f44-b905-f11b331e02f4","block_type":"box","text":"JPY 22,497","page_number":82,"box":{"x":110,"y":569,"width":85,"height":10}},{"id":"ed1ec36a-1b67-4491-9e57-1989c741981e","block_type":"box","text":"Bought JPY, Sold GBP 106 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":569,"width":419,"height":11}},{"id":"69669e36-b951-4861-b1fa-7dbe0c63e848","block_type":"box","text":"(1)","page_number":82,"box":{"x":781,"y":569,"width":19,"height":11}},{"id":"ac7d8975-5ceb-4016-b78c-afa061af4f1e","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":574,"width":9,"height":1}},{"id":"7a5879ad-3950-4714-b0ff-866ed86122bc","block_type":"box","text":"HKD 53,782","page_number":82,"box":{"x":105,"y":584,"width":90,"height":11}},{"id":"428f48b0-4ee4-4b79-98ea-e5d78576fd68","block_type":"box","text":"Bought HKD, Sold GBP 5,169 for settlement on","page_number":82,"box":{"x":230,"y":584,"width":356,"height":11}},{"id":"be74884c-96ec-42d7-b3dd-e58e02eaf6d5","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":598,"width":83,"height":9}},{"id":"3526cde0-10f7-4b4f-85a4-f537f2ed743c","block_type":"box","text":"(3","page_number":82,"box":{"x":771,"y":598,"width":13,"height":12}},{"id":"a160800a-467c-4209-b332-359633fed71a","block_type":"box","text":"4","page_number":82,"box":{"x":785,"y":599,"width":9,"height":8}},{"id":"b8b42d28-7927-4f41-86e9-d40da97a7ebe","block_type":"box","text":")","page_number":82,"box":{"x":796,"y":598,"width":4,"height":12}},{"id":"f8751e36-2763-4408-8cbd-d309c6787b25","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":604,"width":9,"height":1}},{"id":"87ff3b74-a557-4c46-acf1-b251239a0d63","block_type":"box","text":"HKD 33","page_number":82,"box":{"x":138,"y":614,"width":57,"height":9}},{"id":"ddd7d861-db2f-42ab-95e3-ffb35d1d7e89","block_type":"box","text":"Bought HKD, Sold GBP 3 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":614,"width":407,"height":11}},{"id":"aa6b61d8-09b8-42e1-b784-64d82b5974a3","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":619,"width":9,"height":1}},{"id":"9299a49f-5333-47ba-81a6-548e2e967bad","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":619,"width":9,"height":1}},{"id":"809b2b8c-3343-466e-b52e-0bba2e929079","block_type":"box","text":"HKD 814","page_number":82,"box":{"x":129,"y":629,"width":66,"height":9}},{"id":"93e2bee2-70d1-4a08-8bbf-cd4dfd4a3fca","block_type":"box","text":"Bought HKD, Sold GBP 79 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":629,"width":416,"height":11}},{"id":"38d1b9c0-470b-4526-b3e1-7d86dfebc792","block_type":"box","text":"(1)","page_number":82,"box":{"x":781,"y":629,"width":19,"height":11}},{"id":"d06adf2b-8ff7-4416-bb28-bd5c8e04ad2d","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":634,"width":9,"height":1}},{"id":"83ee308f-c4d6-4ade-9dbd-725b604483dd","block_type":"box","text":"HKD 106,653","page_number":82,"box":{"x":96,"y":645,"width":99,"height":10}},{"id":"1d347c93-25f6-4136-881b-39e93434bb43","block_type":"box","text":"Bought HKD, Sold GBP 10,299 for settlement on","page_number":82,"box":{"x":230,"y":645,"width":365,"height":11}},{"id":"eae943f1-3b39-4a94-999d-f4f925e426cc","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":659,"width":83,"height":9}},{"id":"eb7f8869-8826-4b94-994d-d42444fc4fcb","block_type":"box","text":"(114)","page_number":82,"box":{"x":763,"y":659,"width":37,"height":11}},{"id":"c5c439df-9319-4a18-8e5b-7d79d56f96b8","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":664,"width":9,"height":1}},{"id":"c1ed2e43-045f-4422-be16-7642eaf2cb13","block_type":"box","text":"HKD 92","page_number":82,"box":{"x":138,"y":674,"width":57,"height":9}},{"id":"0f23b963-b4ef-4ae4-91c9-58e82ec45a82","block_type":"box","text":"Bought HKD, Sold GBP 9 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":674,"width":407,"height":11}},{"id":"74b4bb7e-1c70-4bc1-b509-39a600453ae8","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":679,"width":9,"height":1}},{"id":"31cb2e0e-f27c-4f5d-8845-c707ab4ed69f","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":679,"width":9,"height":1}},{"id":"6e6aca79-acb9-4150-ab59-d8fc9c8eceb4","block_type":"box","text":"HKD 706","page_number":82,"box":{"x":129,"y":690,"width":66,"height":8}},{"id":"502b4167-92b9-4f08-853b-58c0839ef740","block_type":"box","text":"Bought HKD, Sold GBP 68 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":690,"width":416,"height":11}},{"id":"2881de84-7958-489c-b019-5b30d6ff3aea","block_type":"box","text":"(1)","page_number":82,"box":{"x":781,"y":690,"width":19,"height":11}},{"id":"12dfc007-2e41-4049-a5c6-801a40745cde","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":695,"width":9,"height":1}},{"id":"eb87e47b-5098-4eb1-bd7a-7dceaefcab8e","block_type":"box","text":"HKD 49,016","page_number":82,"box":{"x":105,"y":705,"width":90,"height":10}},{"id":"2e42c5bd-7de5-42a7-90b7-522a46be0df9","block_type":"box","text":"Bought HKD, Sold GBP 4,757 for settlement on","page_number":82,"box":{"x":230,"y":705,"width":350,"height":11}},{"id":"f434611a-ba65-4f7e-abf9-ae320a85e6ea","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":719,"width":83,"height":9}},{"id":"5aba11c4-d778-47a0-8275-56e9eaaa923d","block_type":"box","text":"(76)","page_number":82,"box":{"x":771,"y":719,"width":29,"height":11}},{"id":"48f1631b-fd97-4187-868c-56f705ad4127","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":724,"width":9,"height":1}},{"id":"859fe4c9-3018-4c18-8a91-fb4ce33ba78c","block_type":"box","text":"HKD 6","page_number":82,"box":{"x":148,"y":735,"width":47,"height":8}},{"id":"91e7333c-ee5d-4823-9eeb-05a3add416b3","block_type":"box","text":"Bought HKD, Sold GBP 1 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":735,"width":407,"height":11}},{"id":"5f853b5f-3382-485e-8563-c63a19ca7eeb","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":740,"width":9,"height":1}},{"id":"c0d2cfbb-612b-40ce-bbc5-f5c4b762b4f7","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":740,"width":9,"height":1}},{"id":"3984b80f-0a8c-42e0-a972-12020f3c4de4","block_type":"box","text":"HKD 8,417","page_number":82,"box":{"x":115,"y":750,"width":80,"height":10}},{"id":"50fc4bf3-7ba8-4075-b64e-db7dacfdd410","block_type":"box","text":"Bought HKD, Sold GBP 813 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":750,"width":425,"height":11}},{"id":"d4d99ebf-6f62-4eed-8b3d-7321b80dd83c","block_type":"box","text":"(10)","page_number":82,"box":{"x":771,"y":750,"width":29,"height":11}},{"id":"0354d068-e26d-4766-a383-80657bc9930d","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":755,"width":9,"height":1}},{"id":"0fa867a0-ab8b-4f69-af12-f3e1f16bd0c4","block_type":"box","text":"HKD 1,470","page_number":82,"box":{"x":115,"y":765,"width":80,"height":11}},{"id":"3324a26a-9717-4f14-ba82-b3f4c5d9bbe0","block_type":"box","text":"Bought HKD, Sold GBP 142 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":765,"width":425,"height":12}},{"id":"2ae96b06-e7bc-4076-829d-cba0ad6e763e","block_type":"box","text":"(2)","page_number":82,"box":{"x":781,"y":765,"width":19,"height":12}},{"id":"77e5c4cd-a7fe-4f4e-9a76-bad9d43cc8da","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":771,"width":9,"height":0}},{"id":"9148cbd6-ab96-4e26-8054-12fafeec5217","block_type":"box","text":"EUR 28,992","page_number":82,"box":{"x":105,"y":781,"width":90,"height":10}},{"id":"83f6415c-0ff4-4549-ad4f-b722ada7bd2c","block_type":"box","text":"Bought EUR, Sold GBP 24,997 for settlement on","page_number":82,"box":{"x":230,"y":781,"width":360,"height":11}},{"id":"b96bbf49-7d1d-40f8-9e4d-fcb26c74f920","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":795,"width":83,"height":9}},{"id":"07d1e6a2-b4dc-4c67-a2dd-785957f83256","block_type":"box","text":"(148)","page_number":82,"box":{"x":762,"y":795,"width":38,"height":11}},{"id":"f7d94c9f-0709-466f-af4a-15c73f04fe56","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":800,"width":9,"height":1}},{"id":"32694228-934a-452f-a943-eab83ab23589","block_type":"box","text":"EUR 15","page_number":82,"box":{"x":138,"y":810,"width":57,"height":9}},{"id":"660cc50d-9364-4314-a648-7db88ce8d933","block_type":"box","text":"Bought EUR, Sold GBP 13 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":810,"width":416,"height":12}},{"id":"4c4e70fc-5d55-4db5-9cf7-00f9c4403142","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":815,"width":9,"height":1}},{"id":"df9a813f-e10a-4a96-9971-f6869f8a7a6d","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":815,"width":9,"height":1}},{"id":"46f3360c-7e8d-44d1-9c50-bbaf9096dfcf","block_type":"box","text":"EUR 367","page_number":82,"box":{"x":129,"y":826,"width":66,"height":9}},{"id":"b8b178d9-0122-48a2-97c4-74bcd5f7cdec","block_type":"box","text":"Bought EUR, Sold GBP 317 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":826,"width":425,"height":11}},{"id":"d23fb511-2f0f-4a28-86d4-8f958db1b5a3","block_type":"box","text":"(2)","page_number":82,"box":{"x":781,"y":826,"width":19,"height":11}},{"id":"f6e71d64-a025-46f3-a42f-750a85429293","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":831,"width":9,"height":1}},{"id":"1564c8bf-4c04-43ff-927c-4134bab022da","block_type":"box","text":"EUR 39","page_number":82,"box":{"x":138,"y":841,"width":57,"height":9}},{"id":"3328f7f8-ec9d-4ab4-a617-9d686e4b05c7","block_type":"box","text":"Bought EUR, Sold GBP 34 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":841,"width":416,"height":11}},{"id":"f6123aa0-5133-4b48-96ba-df6d923c30b9","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":846,"width":9,"height":1}},{"id":"235b7b4d-d524-4f59-b8d3-11520ed797ea","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":846,"width":9,"height":1}},{"id":"0a5d28a7-f972-42fa-8011-edea4287d703","block_type":"box","text":"EUR 299","page_number":82,"box":{"x":129,"y":856,"width":66,"height":9}},{"id":"55448de7-d075-4fec-af40-7b94cd17aa7d","block_type":"box","text":"Bought EUR, Sold GBP 258 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":856,"width":425,"height":12}},{"id":"28c0cbb3-8bbd-4762-aa77-c7c676aaebdc","block_type":"box","text":"(2)","page_number":82,"box":{"x":781,"y":856,"width":19,"height":12}},{"id":"bde2609e-9745-42f3-8ca2-52fb2d541240","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":862,"width":9,"height":0}},{"id":"f61a234e-2768-438a-9045-a43f6d510ae0","block_type":"box","text":"EUR 3","page_number":82,"box":{"x":148,"y":872,"width":47,"height":9}},{"id":"615bba01-f177-4963-80de-1e9aea8c854f","block_type":"box","text":"Bought EUR, Sold GBP 2 for settlement on 24/07/2026","page_number":82,"box":{"x":230,"y":872,"width":407,"height":11}},{"id":"e7c95aab-842b-43fb-aa7c-95f997b54d89","block_type":"box","text":"–","page_number":82,"box":{"x":791,"y":877,"width":9,"height":1}},{"id":"e8a8615c-935c-4836-a137-a17071cb44ef","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":877,"width":9,"height":1}},{"id":"5a9e86b1-ea50-409d-ad90-a82c0d30ab3c","block_type":"box","text":"EUR 24,024","page_number":82,"box":{"x":105,"y":887,"width":90,"height":11}},{"id":"b3b86771-c9fb-4e8f-b9ae-5c2a4a7ab833","block_type":"box","text":"Bought EUR, Sold GBP 20,763 for settlement on","page_number":82,"box":{"x":230,"y":887,"width":365,"height":11}},{"id":"83770098-b747-4272-a9d0-cc5c30ad0a27","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":901,"width":83,"height":9}},{"id":"873bb52a-5ecb-4683-be6a-07f97c6ee124","block_type":"box","text":"(173)","page_number":82,"box":{"x":762,"y":901,"width":38,"height":12}},{"id":"31bae47f-a5ce-49f4-b6ac-afd367d41693","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":907,"width":9,"height":0}},{"id":"adfe486a-9ab1-46c4-ab5c-e2122137b53b","block_type":"box","text":"EUR 4,056","page_number":82,"box":{"x":115,"y":917,"width":80,"height":10}},{"id":"f222d850-f627-417b-9cc9-7cd7edc0e8b0","block_type":"box","text":"Bought EUR, Sold GBP 3,501 for settlement on","page_number":82,"box":{"x":230,"y":917,"width":350,"height":11}},{"id":"22987ffa-1fe0-46dd-9855-df1edf326578","block_type":"box","text":"24/07/2026","page_number":82,"box":{"x":229,"y":931,"width":83,"height":9}},{"id":"ce0badb9-bdc0-4495-8d86-37df53d9975a","block_type":"box","text":"(25)","page_number":82,"box":{"x":771,"y":931,"width":29,"height":11}},{"id":"bb71a870-e4d2-4d33-8172-fb155b51c3ac","block_type":"box","text":"–","page_number":82,"box":{"x":948,"y":936,"width":9,"height":1}},{"id":"2d34862d-fa17-4527-ac40-4990083ef37f","block_type":"box","text":"82","page_number":83,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"de338244-4066-4ed6-b693-c255414cd514","block_type":"box","text":"83","page_number":83,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5f0120e2-5309-4612-871a-0aff5d07335c","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":83,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"6b4a9e3c-e753-47da-a71d-2a87db1b5568","block_type":"box","text":"Portfolio Statement (continued)","page_number":83,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"f339c52a-65a3-4b80-822b-687078931047","block_type":"box","text":"Holding","page_number":83,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"87239cd4-b821-47a5-a78c-1967ce1eb2d6","block_type":"box","text":"Investment","page_number":83,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"56584d1c-bae5-47e7-8177-fdd5eb850035","block_type":"box","text":"Market","page_number":83,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"1ca617a5-74db-43fe-8728-207697d8a8a1","block_type":"box","text":"Value","page_number":83,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"78eae98d-c5b2-42d3-9d07-c520205322b9","block_type":"box","text":"£","page_number":83,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"e4e22714-1131-40c7-a962-c25effd88f74","block_type":"box","text":"% of","page_number":83,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"ae28c255-b31a-4c0e-be44-ba15df24e90f","block_type":"box","text":"Net Assets","page_number":83,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"df6c91e9-60c6-4d43-a362-bbbfc9be1a6e","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":83,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"0a47f3c5-da3a-49cf-8b27-6aa43c0de286","block_type":"box","text":"EUR 713","page_number":83,"box":{"x":129,"y":183,"width":66,"height":9}},{"id":"e921fec0-9343-4779-a4e6-4b96085d2a18","block_type":"box","text":"Bought EUR, Sold GBP 619 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":183,"width":425,"height":11}},{"id":"1a8e970c-7c2d-4ff4-99e7-4d0c2400f061","block_type":"box","text":"(8)","page_number":83,"box":{"x":781,"y":183,"width":19,"height":11}},{"id":"8f14336f-07c7-4427-af6e-5a985872a952","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"53e6bc7e-f006-41b2-9db2-986cd598ed65","block_type":"box","text":"CHF 14,987","page_number":83,"box":{"x":106,"y":198,"width":89,"height":11}},{"id":"133caee1-5823-4951-9613-c4bbf30fb90e","block_type":"box","text":"Bought CHF, Sold GBP 13,999 for settlement on","page_number":83,"box":{"x":230,"y":198,"width":363,"height":11}},{"id":"50fee813-9fef-48dc-aba4-1a5f216479fb","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"f3885ab1-4cf3-4c42-878f-9282c10ad730","block_type":"box","text":"(12)","page_number":83,"box":{"x":771,"y":212,"width":29,"height":12}},{"id":"5503344b-7d4e-4722-a6ec-346bb97e1d89","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"77715fba-ba8f-40eb-96e2-3a7507c3ec69","block_type":"box","text":"CHF 3,908","page_number":83,"box":{"x":115,"y":228,"width":80,"height":10}},{"id":"4e49552f-aa91-4d87-879f-588683985e09","block_type":"box","text":"Bought CHF, Sold GBP 3,654 for settlement on","page_number":83,"box":{"x":230,"y":228,"width":353,"height":11}},{"id":"a041f457-f89a-4e39-92fc-f9173ff57f96","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"ff3c777d-1fd5-44df-b718-6f6da05a8838","block_type":"box","text":"(7)","page_number":83,"box":{"x":781,"y":242,"width":19,"height":11}},{"id":"0d9decec-d1d7-4358-a576-f0950ac3cf62","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"7ec5b521-04b0-44f7-822e-2baccd53d358","block_type":"box","text":"CHF 2","page_number":83,"box":{"x":148,"y":257,"width":47,"height":9}},{"id":"be596789-c00f-4d73-95d7-5526b3df58e8","block_type":"box","text":"Bought CHF, Sold GBP 2 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":257,"width":404,"height":12}},{"id":"69d8be27-3c97-425f-b2a2-3023182c8e77","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"b4982e92-d890-4efe-86e6-1561fbe4986c","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"f5238248-b61b-4e59-bb25-a6d8e0453976","block_type":"box","text":"CHF 43","page_number":83,"box":{"x":139,"y":273,"width":56,"height":9}},{"id":"2deed4ba-26d9-4e3e-8462-bffe0f0d51ac","block_type":"box","text":"Bought CHF, Sold GBP 40 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":273,"width":413,"height":11}},{"id":"34984be0-78d4-4dbf-94f1-8eda1b90bac5","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":278,"width":9,"height":1}},{"id":"41e36c2c-1bf2-40e5-9e1d-831317059f01","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"350f879c-fff0-4a74-b9ea-e423b9e8d752","block_type":"box","text":"CHF 5","page_number":83,"box":{"x":148,"y":288,"width":47,"height":9}},{"id":"7588b7ad-7198-42c3-9da1-73b02c8c8cb5","block_type":"box","text":"Bought CHF, Sold GBP 4 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":288,"width":404,"height":11}},{"id":"93b67979-d67e-43e2-955f-cf89e28a8351","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":293,"width":9,"height":1}},{"id":"f1e7a150-4c9c-4aff-be76-65ee65223d07","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"7e3bacea-cf2f-4b9c-b702-f6d90a006dd7","block_type":"box","text":"JPY 87","page_number":83,"box":{"x":142,"y":304,"width":53,"height":8}},{"id":"0fef50cf-50d8-4758-b24b-fc171096fef9","block_type":"box","text":"Bought JPY, Sold GBP – for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":303,"width":400,"height":12}},{"id":"c15eaacf-a304-4b55-b383-501d5e0e681e","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":309,"width":9,"height":1}},{"id":"495b4fdc-e210-440b-a282-484d55725b93","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":309,"width":9,"height":1}},{"id":"58ef715e-6306-47df-b0b1-7b6409aa55e7","block_type":"box","text":"HKD 1","page_number":83,"box":{"x":148,"y":319,"width":45,"height":9}},{"id":"32791883-079b-440e-8b5e-dc5b01780ec9","block_type":"box","text":"Bought HKD, Sold GBP – for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":319,"width":407,"height":11}},{"id":"8d312597-c753-41ce-b4ab-d6606255e0bc","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":324,"width":9,"height":1}},{"id":"d3109949-9ca3-4855-94d6-0f257ec4106f","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":324,"width":9,"height":1}},{"id":"36d25dbf-efc6-41e5-994f-872ffc2b6fce","block_type":"box","text":"CHF 15","page_number":83,"box":{"x":139,"y":334,"width":56,"height":9}},{"id":"af6e1ffb-cd92-4d22-8af9-e1a04b613ed4","block_type":"box","text":"Bought CHF, Sold GBP 14 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":334,"width":413,"height":11}},{"id":"3573e86b-0534-4a21-bb0f-efcd1b991e68","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":339,"width":9,"height":1}},{"id":"4b2d0f72-6d74-4ff9-bd82-f4df97b0dcda","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":339,"width":9,"height":1}},{"id":"dd81a20a-a954-4cc4-96f2-6f0eb3dd53ad","block_type":"box","text":"EUR 232,590","page_number":83,"box":{"x":96,"y":350,"width":99,"height":10}},{"id":"666a62e6-10b1-4b93-8ee9-94829f283dc3","block_type":"box","text":"Bought EUR, Sold GBP 200,539 for settlement on","page_number":83,"box":{"x":230,"y":349,"width":375,"height":12}},{"id":"ce5e9caf-2971-4d1b-afc3-4be30b0961e6","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":364,"width":83,"height":9}},{"id":"436cf64c-0d03-4701-a020-b7830508c2fb","block_type":"box","text":"(1,188)","page_number":83,"box":{"x":748,"y":364,"width":52,"height":11}},{"id":"884c1220-4042-4d30-92fe-23513408419b","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":369,"width":9,"height":1}},{"id":"45aa3b54-679f-416d-adb3-74b04a69b611","block_type":"box","text":"USD 32","page_number":83,"box":{"x":138,"y":379,"width":57,"height":9}},{"id":"f4973198-3160-4160-967b-3f64e3d3301e","block_type":"box","text":"Bought USD, Sold GBP 24 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":379,"width":416,"height":11}},{"id":"ffc709a7-0a50-4360-89e6-4ea14ff654bf","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":384,"width":9,"height":1}},{"id":"52f87e9c-c7a4-4d24-80db-e4dc371dfae9","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":384,"width":9,"height":1}},{"id":"ac229b16-fb6d-4ea9-b899-63ae16db9037","block_type":"box","text":"USD 466","page_number":83,"box":{"x":129,"y":395,"width":66,"height":8}},{"id":"1f377fef-3ee6-41b7-88e6-a752f97d211a","block_type":"box","text":"Bought USD, Sold GBP 353 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":394,"width":425,"height":12}},{"id":"61a1febc-dd37-429d-b57a-961e03e55222","block_type":"box","text":"(4)","page_number":83,"box":{"x":781,"y":394,"width":19,"height":12}},{"id":"3f9c4544-4bab-4d60-95f0-af1f5f666109","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":400,"width":9,"height":1}},{"id":"a9c98063-23c9-4c98-94fc-a7b35364929d","block_type":"box","text":"USD 35,862","page_number":83,"box":{"x":105,"y":410,"width":90,"height":10}},{"id":"118dbbbc-4a3b-494c-b19d-fdec3f1ff92c","block_type":"box","text":"Bought USD, Sold GBP 27,196 for settlement on","page_number":83,"box":{"x":230,"y":410,"width":365,"height":11}},{"id":"1c17b719-53d3-470f-b5cd-741a7387bfa9","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":424,"width":83,"height":9}},{"id":"4da2f600-8b20-48f3-b28d-4525b482ce4d","block_type":"box","text":"(348)","page_number":83,"box":{"x":762,"y":424,"width":38,"height":11}},{"id":"13c9e1bd-1028-46fc-8b47-5ad11a82da6b","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":429,"width":9,"height":1}},{"id":"e4abc403-73d3-443a-890a-05d91a8139a3","block_type":"box","text":"USD 27","page_number":83,"box":{"x":138,"y":439,"width":57,"height":9}},{"id":"6dca0cce-e1cb-453f-a5c2-c601f4c775da","block_type":"box","text":"Bought USD, Sold GBP 21 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":439,"width":416,"height":12}},{"id":"a6d96789-caac-4868-ad2d-aee95ca0404b","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":445,"width":9,"height":1}},{"id":"5c156d7d-ba4e-480c-81c8-6487b92d3d68","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":445,"width":9,"height":1}},{"id":"6448146f-0b66-4f90-adbc-68c7fb1432e5","block_type":"box","text":"USD 11,774","page_number":83,"box":{"x":107,"y":455,"width":88,"height":10}},{"id":"2ca4d046-9e73-4058-93a0-8b05ceca86fc","block_type":"box","text":"Bought USD, Sold GBP 8,909 for settlement on","page_number":83,"box":{"x":230,"y":455,"width":356,"height":11}},{"id":"cc2982a6-ba4b-450d-957f-e02b3b82c6d9","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":469,"width":83,"height":9}},{"id":"8b564b06-b55f-4684-9b45-b7b70c9b5625","block_type":"box","text":"(95)","page_number":83,"box":{"x":771,"y":469,"width":29,"height":11}},{"id":"490787b5-90ce-4ad8-b436-24da26031638","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":474,"width":9,"height":1}},{"id":"a655851f-fd4a-4058-8228-c0d6359133a9","block_type":"box","text":"USD 1,828","page_number":83,"box":{"x":115,"y":484,"width":80,"height":11}},{"id":"4753c1af-eb13-4fd9-b5e1-7a0048ef4e66","block_type":"box","text":"Bought USD, Sold GBP 1,388 for settlement on","page_number":83,"box":{"x":230,"y":484,"width":356,"height":12}},{"id":"06d3f734-fa40-41ae-a8ad-057f45ed6c92","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":499,"width":83,"height":9}},{"id":"b48281b5-5f70-4ae0-a5a1-5a3a1c67b850","block_type":"box","text":"(20)","page_number":83,"box":{"x":771,"y":499,"width":29,"height":11}},{"id":"74eaff28-30f5-4c84-91e8-45953923ec7f","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":504,"width":9,"height":1}},{"id":"f658164c-5710-4d30-9134-30d5bffdc4e9","block_type":"box","text":"USD 619","page_number":83,"box":{"x":129,"y":514,"width":66,"height":9}},{"id":"cac2843d-23ef-4058-9b0b-f0bdcce5ac73","block_type":"box","text":"Bought USD, Sold GBP 467 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":514,"width":425,"height":11}},{"id":"46a16f53-9326-4896-9d39-6ed7ae498c42","block_type":"box","text":"(3)","page_number":83,"box":{"x":781,"y":514,"width":19,"height":11}},{"id":"4537d30f-44f2-41c4-b225-660b4df95b3c","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":519,"width":9,"height":1}},{"id":"5a0bc0e9-b099-4f8f-aa45-f65285c3b8b8","block_type":"box","text":"CHF 8,124","page_number":83,"box":{"x":115,"y":529,"width":80,"height":11}},{"id":"884459de-c9ee-457f-9a23-11fdb89e3a89","block_type":"box","text":"Bought CHF, Sold GBP 7,632 for settlement on","page_number":83,"box":{"x":230,"y":529,"width":353,"height":12}},{"id":"50b09ea3-edd5-428e-8378-3bcc841abcfd","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":544,"width":83,"height":9}},{"id":"4ef8febf-03f4-4710-a34f-189936cfa91d","block_type":"box","text":"(51)","page_number":83,"box":{"x":771,"y":544,"width":29,"height":11}},{"id":"bdcb5ce2-7a3c-4d5e-9455-9cf66b18d289","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":549,"width":9,"height":1}},{"id":"ade8ef85-dd40-4861-8121-0041fe1b64ed","block_type":"box","text":"CHF 1,197","page_number":83,"box":{"x":115,"y":559,"width":80,"height":10}},{"id":"0826a687-aed1-466e-9aa0-72a265ca8d16","block_type":"box","text":"Bought CHF, Sold GBP 1,119 for settlement on","page_number":83,"box":{"x":230,"y":559,"width":352,"height":11}},{"id":"ba4aabfe-53ab-4251-938e-efe758ed487d","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":573,"width":83,"height":9}},{"id":"7d32d7aa-ccf4-465b-be87-d5fa1b3db5bf","block_type":"box","text":"(2)","page_number":83,"box":{"x":781,"y":573,"width":19,"height":12}},{"id":"07de24bc-df13-437a-a833-8cac4e07f384","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":579,"width":9,"height":0}},{"id":"499039f6-bda7-451d-90fe-d9afca70fd8c","block_type":"box","text":"CHF 4,590","page_number":83,"box":{"x":115,"y":589,"width":80,"height":10}},{"id":"bf14dfde-106f-46d0-81f3-cf24f71ff62f","block_type":"box","text":"Bought CHF, Sold GBP 4,287 for settlement on","page_number":83,"box":{"x":230,"y":589,"width":353,"height":11}},{"id":"5957ba64-03c6-4f2b-baab-450601a034f0","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":603,"width":83,"height":9}},{"id":"2173d1cb-b245-4ab5-a265-9089097294f7","block_type":"box","text":"(4)","page_number":83,"box":{"x":781,"y":603,"width":19,"height":11}},{"id":"1c039146-dc46-4cac-9fca-ea215d92d44b","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":608,"width":9,"height":1}},{"id":"9414950c-7783-4aa9-b7f3-704be4d1ec8c","block_type":"box","text":"JPY 107,470","page_number":83,"box":{"x":100,"y":618,"width":95,"height":11}},{"id":"26175d4c-acc9-4f78-8451-8122c96e9b35","block_type":"box","text":"Bought JPY, Sold GBP 501 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":618,"width":419,"height":12}},{"id":"a471cde7-fb7c-4b05-b746-e854df21522e","block_type":"box","text":"(2)","page_number":83,"box":{"x":781,"y":618,"width":19,"height":12}},{"id":"85c896fb-2b80-4ea1-b0d5-1c5160e36947","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":624,"width":9,"height":0}},{"id":"79e6e03d-d3ca-43f9-b893-0f57646da470","block_type":"box","text":"EUR 8,878","page_number":83,"box":{"x":115,"y":634,"width":80,"height":10}},{"id":"bc26cbdf-deca-4aec-b782-d7cddf26884a","block_type":"box","text":"Bought EUR, Sold GBP 7,655 for settlement on","page_number":83,"box":{"x":230,"y":634,"width":356,"height":11}},{"id":"96ae2a2b-4cb0-4575-ab0c-6e80362f60c2","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":648,"width":83,"height":9}},{"id":"cc2cb2a6-58fe-4514-9875-0bc458911908","block_type":"box","text":"(45)","page_number":83,"box":{"x":771,"y":648,"width":29,"height":11}},{"id":"f911477a-75b3-4dbb-857f-575b0244f98c","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":653,"width":9,"height":1}},{"id":"31b224ae-a001-4fb4-851d-eccb55bbabc6","block_type":"box","text":"SGD 10,275","page_number":83,"box":{"x":104,"y":663,"width":91,"height":11}},{"id":"c6118826-7df5-4118-8797-13a1f85d2c96","block_type":"box","text":"Bought SGD, Sold GBP 6,012 for settlement on","page_number":83,"box":{"x":230,"y":663,"width":357,"height":12}},{"id":"884ad0b4-58a1-44b7-aad1-e9cb56c721b5","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":678,"width":83,"height":8}},{"id":"71e5c125-0f98-485b-9583-69bd69a51ad7","block_type":"box","text":"(50)","page_number":83,"box":{"x":771,"y":678,"width":29,"height":11}},{"id":"f91af778-1ea4-4b92-a85d-9288de7ea413","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":683,"width":9,"height":1}},{"id":"e3eec8eb-b325-4e5b-9ba1-fc0e04d3ba59","block_type":"box","text":"USD 1","page_number":83,"box":{"x":148,"y":693,"width":45,"height":9}},{"id":"deb2f90c-f831-4efb-a644-a7628dfaf826","block_type":"box","text":"Bought USD, Sold GBP 1 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":693,"width":407,"height":11}},{"id":"0cd78398-7a7e-45d4-8e2f-55240d50483a","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":698,"width":9,"height":1}},{"id":"6e00e983-50d3-44e7-8392-03bd5f48ed5b","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":698,"width":9,"height":1}},{"id":"02963328-f910-4f3e-a927-66ac09f00fa2","block_type":"box","text":"JPY 191,626","page_number":83,"box":{"x":100,"y":708,"width":95,"height":11}},{"id":"2098cd76-ad3b-4784-8c25-370b4f858677","block_type":"box","text":"Bought JPY, Sold GBP 890 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":708,"width":419,"height":12}},{"id":"f557513a-7c2b-41cb-8396-02ec8c3de250","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":713,"width":9,"height":1}},{"id":"a5472f48-d514-42c0-985d-f2cf9eba0517","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":713,"width":9,"height":1}},{"id":"45e37c5e-e99a-43f8-989f-e6bc68924063","block_type":"box","text":"CHF 212,924","page_number":83,"box":{"x":97,"y":724,"width":98,"height":10}},{"id":"6b201986-97ee-4f78-b7c6-daf9e97157ca","block_type":"box","text":"Bought CHF, Sold GBP 200,048 for settlement on","page_number":83,"box":{"x":230,"y":724,"width":366,"height":11}},{"id":"f7f79571-5489-42c9-aae4-56ed35e22493","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":738,"width":83,"height":9}},{"id":"e3f6e70d-257a-4df7-8ea1-106bf726a3d6","block_type":"box","text":"(1,342)","page_number":83,"box":{"x":748,"y":738,"width":52,"height":11}},{"id":"77a5a6d0-9a95-456e-a4c5-92ccb36b9b2e","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":743,"width":9,"height":1}},{"id":"b2f7978b-1079-4f1c-aaf0-1964774219f7","block_type":"box","text":"USD 976","page_number":83,"box":{"x":129,"y":753,"width":66,"height":9}},{"id":"da88f12a-62c8-4387-89cb-e2345057c51b","block_type":"box","text":"Bought USD, Sold GBP 739 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":753,"width":425,"height":11}},{"id":"e152a5d3-3af8-4dff-9aed-c4399524ec31","block_type":"box","text":"(8)","page_number":83,"box":{"x":781,"y":753,"width":19,"height":11}},{"id":"42aa4572-5bf9-4bc0-87f1-580aa7a2cb53","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":758,"width":9,"height":1}},{"id":"e08d0c77-be57-4caf-a238-e4b44a666093","block_type":"box","text":"JPY 4,031","page_number":83,"box":{"x":119,"y":769,"width":74,"height":10}},{"id":"2a82f4cf-b792-479a-bff3-01156e1ed607","block_type":"box","text":"Bought JPY, Sold GBP 19 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":769,"width":409,"height":11}},{"id":"0440cb04-665a-4144-bbd4-eedf067c9635","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":774,"width":9,"height":1}},{"id":"cfb3bd47-8de6-48c0-bac0-3d21e5f03626","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":774,"width":9,"height":1}},{"id":"74ef0135-af88-4763-b91e-1dcdd6fd1418","block_type":"box","text":"JPY 281","page_number":83,"box":{"x":133,"y":784,"width":60,"height":9}},{"id":"2c093e07-1d43-4d82-8780-c71b5c4eb2e9","block_type":"box","text":"Bought JPY, Sold GBP 1 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":784,"width":400,"height":11}},{"id":"328904f3-4e4a-4f2c-8cd3-b1b4902e0f32","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":789,"width":9,"height":1}},{"id":"3ae5aaad-e93a-4568-bd3d-60e1cd037a2f","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":789,"width":9,"height":1}},{"id":"7a921b3b-f4d8-435a-a8ee-c5025daf7da8","block_type":"box","text":"JPY 5,687","page_number":83,"box":{"x":119,"y":799,"width":76,"height":11}},{"id":"316f60d5-6032-4cca-874e-e4658599e2f9","block_type":"box","text":"Bought JPY, Sold GBP 26 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":799,"width":409,"height":12}},{"id":"dba207a2-6a7c-48b2-9c1d-f756fd776b7f","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":805,"width":9,"height":0}},{"id":"ae3e6738-ecfd-4850-958c-0794cfdcc683","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":805,"width":9,"height":0}},{"id":"538c7c54-a2ad-48d1-8d71-cb617e2b2a2b","block_type":"box","text":"JPY 1,667,113","page_number":83,"box":{"x":87,"y":815,"width":108,"height":10}},{"id":"a46eaae6-297f-4829-a880-a6f8467913b8","block_type":"box","text":"Bought JPY, Sold GBP 7,745 for settlement on","page_number":83,"box":{"x":230,"y":815,"width":343,"height":11}},{"id":"6c4cfa16-b258-4c86-940a-b8f3538413e0","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":829,"width":83,"height":9}},{"id":"350bec5d-fef4-4708-8c7d-7dddad45e041","block_type":"box","text":"1","page_number":83,"box":{"x":793,"y":829,"width":4,"height":9}},{"id":"ab57dc1b-4cc6-4e7f-b5cb-79209beb812f","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":834,"width":9,"height":1}},{"id":"e26ec0c5-0912-407c-b03e-e5c3e24970df","block_type":"box","text":"JPY 11","page_number":83,"box":{"x":143,"y":844,"width":50,"height":9}},{"id":"652d234e-acb0-4965-b5bf-e2e2688a68fa","block_type":"box","text":"Bought JPY, Sold GBP – for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":844,"width":400,"height":12}},{"id":"ed916dd7-d0e0-4334-92ce-230b01551fc1","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":850,"width":9,"height":0}},{"id":"3b3d0a76-519a-425e-8142-8f8b51e38878","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":850,"width":9,"height":0}},{"id":"624c34fb-9c11-43aa-ad99-2b1d7614a35e","block_type":"box","text":"SGD 13","page_number":83,"box":{"x":137,"y":860,"width":58,"height":9}},{"id":"4fc8a4b2-c986-4f3f-827e-db47d6f3a127","block_type":"box","text":"Bought SGD, Sold GBP 8 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":860,"width":408,"height":11}},{"id":"14a0c815-95b1-4000-b10d-73d61dff0fe5","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":865,"width":9,"height":1}},{"id":"e7cee06d-60fc-4398-9c31-0454c8b8c91e","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":865,"width":9,"height":1}},{"id":"9a2ccba7-77ab-4dd1-9aa1-0b1fa2509bac","block_type":"box","text":"USD 313,085","page_number":83,"box":{"x":96,"y":875,"width":99,"height":10}},{"id":"904c1872-3485-49fc-82f3-342c373273c6","block_type":"box","text":"Bought USD, Sold GBP 237,429 for settlement on","page_number":83,"box":{"x":230,"y":875,"width":375,"height":11}},{"id":"06f9e8e0-139b-47aa-b4f2-9528e333c3a6","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":889,"width":83,"height":9}},{"id":"e9ccd964-356c-4532-ac3e-4e2351fde1b1","block_type":"box","text":"(3,039)","page_number":83,"box":{"x":748,"y":889,"width":52,"height":12}},{"id":"6abc08fc-33aa-4647-be02-03e9baefdc5c","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":895,"width":9,"height":0}},{"id":"9a9322ac-0a32-4575-ad4c-d3c94f9127fb","block_type":"box","text":"SGD 73","page_number":83,"box":{"x":137,"y":905,"width":58,"height":9}},{"id":"3c9e0f54-7c8a-4fce-88d2-6bbe07b24b04","block_type":"box","text":"Bought SGD, Sold GBP 43 for settlement on 24/07/2026","page_number":83,"box":{"x":230,"y":905,"width":417,"height":11}},{"id":"61c80ac4-329b-445c-8a86-a937da41af6e","block_type":"box","text":"–","page_number":83,"box":{"x":791,"y":910,"width":9,"height":1}},{"id":"4bc055f2-18d7-4a60-9990-28c7cb02b17e","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":910,"width":9,"height":1}},{"id":"b6d22374-fdae-4456-9b5a-03bdb0d4ea97","block_type":"box","text":"CHF 120,331","page_number":83,"box":{"x":97,"y":920,"width":96,"height":10}},{"id":"ea2d3194-5302-4017-b677-bafe8e8cb542","block_type":"box","text":"Bought CHF, Sold GBP 112,395 for settlement on","page_number":83,"box":{"x":230,"y":920,"width":365,"height":11}},{"id":"06c06004-40e2-419e-9c7b-d472c651dacc","block_type":"box","text":"24/07/2026","page_number":83,"box":{"x":229,"y":934,"width":83,"height":9}},{"id":"b13bbea9-d257-4de5-b48b-8ec318345c07","block_type":"box","text":"(99)","page_number":83,"box":{"x":771,"y":934,"width":29,"height":12}},{"id":"42e6f308-122c-4d90-92e7-80f158eaefa5","block_type":"box","text":"–","page_number":83,"box":{"x":948,"y":939,"width":9,"height":1}},{"id":"e6034277-4317-43da-831a-35ee4407a2c2","block_type":"box","text":"83","page_number":84,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"545aaaa1-8886-4b24-9956-5816406c5b58","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":84,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"12521b95-14bc-40a0-b2d3-7098dc790fb5","block_type":"box","text":"Portfolio Statement (continued)","page_number":84,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"0755b198-ab44-4d94-b382-54918db31ce8","block_type":"box","text":"Holding","page_number":84,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"263873d5-5fb1-4714-a170-1f771478a76e","block_type":"box","text":"Investment","page_number":84,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"412d9c2d-e315-4819-a003-26b4f2b579c7","block_type":"box","text":"Market","page_number":84,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"316802ae-4d94-4bee-867a-1b4dbcd787d5","block_type":"box","text":"Value","page_number":84,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"ddbf0fee-beb2-4b46-b7f4-295af7bf10e7","block_type":"box","text":"£","page_number":84,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"0f445eef-c017-45c2-a726-ff8449e3a197","block_type":"box","text":"% of","page_number":84,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"a4d31ded-a817-47d4-973e-07b40649e27e","block_type":"box","text":"Net Assets","page_number":84,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"627cf786-dd78-4db1-aa17-1fbff3e2e306","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":84,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"0bc20db1-7f68-417c-91d8-ff367dfd7bee","block_type":"box","text":"USD 997","page_number":84,"box":{"x":129,"y":183,"width":66,"height":9}},{"id":"5f8fa03a-3d69-4812-8cc3-7a17dcb3476a","block_type":"box","text":"Bought USD, Sold GBP 754 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":183,"width":425,"height":11}},{"id":"4662a4f3-7ab2-4cdc-b0a4-9407e76c3639","block_type":"box","text":"(8)","page_number":84,"box":{"x":781,"y":183,"width":19,"height":11}},{"id":"a94b3ceb-d211-4473-be87-26560afe5be0","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"8b1e2ced-c0de-44f9-bed2-f0a5ca25accb","block_type":"box","text":"CHF 31,353","page_number":84,"box":{"x":106,"y":198,"width":89,"height":11}},{"id":"d18e12e0-80e6-4bb9-ab9e-78ee1535d241","block_type":"box","text":"Bought CHF, Sold GBP 29,314 for settlement on","page_number":84,"box":{"x":230,"y":198,"width":363,"height":11}},{"id":"8ce72d0a-d0c8-4e5d-a817-4284d231175a","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"9a23cabf-56b4-4c7f-bf0a-a6c35b6e9b13","block_type":"box","text":"(54)","page_number":84,"box":{"x":771,"y":212,"width":29,"height":12}},{"id":"815ad82a-6b5b-40bf-985d-a6d8f4d4581b","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"3c68f590-39f7-4529-ab40-0db39f8b5cf2","block_type":"box","text":"USD 5,317","page_number":84,"box":{"x":115,"y":228,"width":80,"height":10}},{"id":"5da92bba-97de-4df5-a05d-598c08c1094d","block_type":"box","text":"Bought USD, Sold GBP 4,017 for settlement on","page_number":84,"box":{"x":230,"y":228,"width":356,"height":11}},{"id":"f4054487-55a5-4bd2-8b24-d62d936901ca","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"b247ccf3-d301-4200-b8eb-6ce598549ce2","block_type":"box","text":"(36)","page_number":84,"box":{"x":771,"y":242,"width":29,"height":11}},{"id":"18bd7c89-562f-4aa9-a8fa-ddecabb7b650","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"8e704b07-8b1f-441f-bc9c-0d5b92067364","block_type":"box","text":"USD 14","page_number":84,"box":{"x":138,"y":257,"width":57,"height":9}},{"id":"21b3fcba-1bba-41df-8c30-6de5a55a6a06","block_type":"box","text":"Bought USD, Sold GBP 11 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":257,"width":415,"height":12}},{"id":"26a26979-e0ed-48e1-8876-02b51348d9fb","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"dd032ae6-dbce-4cc1-8fe8-276ce28f0f02","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"826e64ee-c644-46fc-8ddf-74f53d001a31","block_type":"box","text":"EUR 191,188","page_number":84,"box":{"x":96,"y":273,"width":99,"height":10}},{"id":"22269eb2-8fb2-42ad-8d39-86f093b25783","block_type":"box","text":"Bought EUR, Sold GBP 165,239 for settlement on","page_number":84,"box":{"x":230,"y":273,"width":375,"height":11}},{"id":"7c44e577-c5da-426f-9d22-96fe397a8aaa","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"d711cd21-0327-4d59-aff3-9f8871f0da2f","block_type":"box","text":"(1,373)","page_number":84,"box":{"x":748,"y":287,"width":52,"height":11}},{"id":"40f18780-d7fc-4cf8-848a-f04cb7ebdbb9","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"ac774a6c-3cd1-47e1-832b-1525fe76ad54","block_type":"box","text":"SGD 89,675","page_number":84,"box":{"x":104,"y":302,"width":91,"height":11}},{"id":"62e0884b-61c7-4530-8997-ec1f32db7507","block_type":"box","text":"Bought SGD, Sold GBP 52,467 for settlement on","page_number":84,"box":{"x":230,"y":302,"width":366,"height":12}},{"id":"6ec239b9-5662-4b36-b56f-a349d18dccb7","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":317,"width":83,"height":8}},{"id":"9bdfef15-0b90-4e11-ba72-289c104fc618","block_type":"box","text":"(438)","page_number":84,"box":{"x":762,"y":317,"width":38,"height":11}},{"id":"53d7ca57-6fe1-4413-8466-10d808c6f616","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"0db295dd-d8f5-4645-b7b1-5bdc0aa97f72","block_type":"box","text":"JPY 434,353","page_number":84,"box":{"x":100,"y":332,"width":95,"height":10}},{"id":"52432b59-c3fa-4aac-9535-10aa088086d1","block_type":"box","text":"Bought JPY, Sold GBP 2,046 for settlement on","page_number":84,"box":{"x":230,"y":332,"width":349,"height":11}},{"id":"957974b0-7ad4-45c0-b106-45aa4f639345","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":346,"width":83,"height":9}},{"id":"41f52eca-67a6-4586-889e-f601f2d0f680","block_type":"box","text":"(28)","page_number":84,"box":{"x":771,"y":346,"width":29,"height":11}},{"id":"129480e9-954a-41ee-ab84-a6e6f839831c","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"9560c5cd-4474-4b62-82b8-45df04456e7c","block_type":"box","text":"EUR 7,326","page_number":84,"box":{"x":115,"y":362,"width":80,"height":10}},{"id":"bd9dcb25-6c41-4c6f-9c8b-e3415aeb0aa4","block_type":"box","text":"Bought EUR, Sold GBP 6,332 for settlement on","page_number":84,"box":{"x":230,"y":362,"width":356,"height":11}},{"id":"36ed7b5a-3cce-4402-8577-02960d89d23f","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":376,"width":83,"height":9}},{"id":"3ff86cfd-9919-4085-9c50-aa498c1d9741","block_type":"box","text":"(53)","page_number":84,"box":{"x":771,"y":376,"width":29,"height":11}},{"id":"6fcae17d-b926-4fc8-a0e5-6c0ec837a57b","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":381,"width":9,"height":1}},{"id":"a57c6a17-4d98-446f-bf54-fd64cfd42284","block_type":"box","text":"JPY 249","page_number":84,"box":{"x":133,"y":391,"width":62,"height":9}},{"id":"9e0b7552-533b-4134-8c96-61c1245aabb1","block_type":"box","text":"Bought JPY, Sold GBP 1 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":391,"width":400,"height":11}},{"id":"a2f6e670-cfcc-48a6-848c-f66430cf2a67","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":396,"width":9,"height":1}},{"id":"40691807-2a19-443d-85e0-4d7c3f083e98","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"e597267e-df24-4934-865b-319f641b2b88","block_type":"box","text":"HKD 16,478","page_number":84,"box":{"x":105,"y":407,"width":90,"height":10}},{"id":"0777adec-9dd3-4315-92bd-092cbf9f201f","block_type":"box","text":"Bought HKD, Sold GBP 1,584 for settlement on","page_number":84,"box":{"x":230,"y":407,"width":356,"height":11}},{"id":"fb707549-6097-420c-baf9-9b653eb1e5b8","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"19307c29-9199-475a-adaf-6c60dbffc969","block_type":"box","text":"(10)","page_number":84,"box":{"x":771,"y":421,"width":29,"height":11}},{"id":"f66725fb-8e44-4b4f-bc4e-3b10c7c2edf5","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"e28da4bf-811c-408c-aee3-0b36aec3792b","block_type":"box","text":"HKD 32,675","page_number":84,"box":{"x":105,"y":436,"width":90,"height":11}},{"id":"7e994d0b-02ab-44bb-bf56-66ee6d748d5e","block_type":"box","text":"Bought HKD, Sold GBP 3,155 for settlement on","page_number":84,"box":{"x":230,"y":436,"width":356,"height":11}},{"id":"14f890e2-5070-40a5-8191-d62a6115e27c","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"deb3aff6-ba4d-4a98-a318-1cf2c1cfc7ad","block_type":"box","text":"(35)","page_number":84,"box":{"x":771,"y":450,"width":29,"height":12}},{"id":"554bea37-db90-47f1-87e4-9e4893d2a326","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"f9a0a074-ede8-4367-811d-3688a771ad63","block_type":"box","text":"JPY 3,785,341","page_number":84,"box":{"x":86,"y":466,"width":107,"height":10}},{"id":"9cfe1389-6d4d-443e-90ba-3bf673564483","block_type":"box","text":"Bought JPY, Sold GBP 17,829 for settlement on","page_number":84,"box":{"x":230,"y":466,"width":359,"height":11}},{"id":"e718f98a-250c-48de-b433-e1e4d12629d1","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":480,"width":83,"height":9}},{"id":"fed49e32-f726-4200-9981-9b745a1d3c99","block_type":"box","text":"(241)","page_number":84,"box":{"x":762,"y":480,"width":38,"height":11}},{"id":"fc08ad10-4a98-4263-8348-69aa12f58005","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":485,"width":9,"height":1}},{"id":"1017f8d1-a384-440e-8e42-90eeba818118","block_type":"box","text":"JPY 16,975","page_number":84,"box":{"x":110,"y":495,"width":85,"height":11}},{"id":"732debe3-5b0b-4e62-a5d9-52e8bf461294","block_type":"box","text":"Bought JPY, Sold GBP 80 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":495,"width":409,"height":12}},{"id":"b20c31cb-2666-4d45-8377-19eb6ea0b123","block_type":"box","text":"(1)","page_number":84,"box":{"x":781,"y":495,"width":19,"height":12}},{"id":"3ef93e54-6e70-4afe-93fd-0a9dc78d4600","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"47cf8889-d6fd-4f0b-8f62-38f59835f23d","block_type":"box","text":"HKD 14,738","page_number":84,"box":{"x":105,"y":511,"width":90,"height":10}},{"id":"f804545d-f750-4100-928a-0888e78cef34","block_type":"box","text":"Bought HKD, Sold GBP 1,430 for settlement on","page_number":84,"box":{"x":230,"y":511,"width":356,"height":11}},{"id":"48712a49-395a-4589-9ddc-92b5a785f0c3","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"510b0f46-4073-4bc8-8e7b-f81af47e91e4","block_type":"box","text":"(23)","page_number":84,"box":{"x":771,"y":525,"width":29,"height":11}},{"id":"bef66233-ee92-4366-b73d-85d22c772995","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"c7fd9d76-2e0d-4a5c-9adf-8e471547fc23","block_type":"box","text":"JPY 8,835","page_number":84,"box":{"x":119,"y":540,"width":76,"height":11}},{"id":"392024c2-8ea7-4bc4-860b-60cad181bc72","block_type":"box","text":"Bought JPY, Sold GBP 42 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":540,"width":409,"height":12}},{"id":"152c4f40-2b61-422c-b2da-8b21e0d617a7","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":546,"width":9,"height":0}},{"id":"ee825c22-d5dd-4cbf-91df-93cb014023a6","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":546,"width":9,"height":0}},{"id":"c78e3673-4c0c-478f-8330-00852f00fc75","block_type":"box","text":"JPY 49,227","page_number":84,"box":{"x":110,"y":556,"width":85,"height":10}},{"id":"08acfb64-db92-4b0f-a4a1-2a735a1f1506","block_type":"box","text":"Bought JPY, Sold GBP 230 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":556,"width":419,"height":11}},{"id":"158b330b-1d08-433b-b5bc-7f89a7935a41","block_type":"box","text":"(2)","page_number":84,"box":{"x":781,"y":556,"width":19,"height":11}},{"id":"ed6fc111-a90f-47de-b51f-f8499a0fefc2","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":561,"width":9,"height":1}},{"id":"5a21d42c-e81b-4cc4-a3c1-3c5fae3657dc","block_type":"box","text":"JPY 8,813","page_number":84,"box":{"x":119,"y":571,"width":76,"height":11}},{"id":"f7185b0d-a8d0-46d7-b509-e5e37ad7ba90","block_type":"box","text":"Bought JPY, Sold GBP 41 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":571,"width":409,"height":11}},{"id":"532d4561-056a-4354-984d-d673858f2c8f","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":576,"width":9,"height":1}},{"id":"53d71394-6ac6-4fef-bddb-d680afd0e6ef","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":576,"width":9,"height":1}},{"id":"6141ed97-5d6b-48a7-9587-30e2f0633d89","block_type":"box","text":"JPY 128","page_number":84,"box":{"x":133,"y":587,"width":62,"height":8}},{"id":"a595dc8a-5b6e-4353-8544-8bf34f9bf117","block_type":"box","text":"Bought JPY, Sold GBP 1 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":586,"width":400,"height":12}},{"id":"c4be6fe8-d674-4071-b7fc-d55af77aee8a","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":592,"width":9,"height":1}},{"id":"fdd0f5c3-30d6-4385-88ea-6756e88dad01","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":592,"width":9,"height":1}},{"id":"33a5c9f2-87c6-4271-ac65-4ab01eb7a6cb","block_type":"box","text":"HKD (164,532)","page_number":84,"box":{"x":85,"y":602,"width":110,"height":11}},{"id":"107516e0-7ab3-4726-8676-461aae84099b","block_type":"box","text":"Sold HKD, Bought GBP 15,838 for settlement on","page_number":84,"box":{"x":230,"y":602,"width":365,"height":11}},{"id":"feb0085d-401e-42a4-a166-2d57da65fd16","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":616,"width":83,"height":9}},{"id":"db559405-1086-4506-9dfb-7f0e9b7e1390","block_type":"box","text":"126","page_number":84,"box":{"x":774,"y":616,"width":25,"height":9}},{"id":"96c15488-6639-4459-b235-0463219aeae2","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":621,"width":9,"height":1}},{"id":"13a22b6e-36ab-420c-9f93-f380e5ea1fbe","block_type":"box","text":"HKD (54,066)","page_number":84,"box":{"x":94,"y":631,"width":101,"height":12}},{"id":"ef7cce88-ff1b-4a8e-9285-ae0ac1a11831","block_type":"box","text":"Sold HKD, Bought GBP 5,204 for settlement on","page_number":84,"box":{"x":230,"y":631,"width":356,"height":12}},{"id":"a4958bfa-c9f9-4c4f-b4e1-2a183e58156c","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":646,"width":83,"height":9}},{"id":"2feb7c2d-8abe-417b-93ff-0e16bc547f11","block_type":"box","text":"41","page_number":84,"box":{"x":782,"y":646,"width":15,"height":8}},{"id":"19b8550c-3e59-4240-8f33-1c3f36785db3","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":651,"width":9,"height":1}},{"id":"1d13c025-1d65-4b59-9680-eff395755500","block_type":"box","text":"HKD (483,302)","page_number":84,"box":{"x":85,"y":661,"width":110,"height":11}},{"id":"78731b43-11d1-4df5-ae09-2d5c75675ba8","block_type":"box","text":"Sold HKD, Bought GBP 46,763 for settlement on","page_number":84,"box":{"x":230,"y":661,"width":365,"height":11}},{"id":"0b94f68d-75d6-47f8-b32d-8dda420026fa","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":675,"width":83,"height":9}},{"id":"c3091e12-707e-4e01-892a-87e882e77f53","block_type":"box","text":"611","page_number":84,"box":{"x":774,"y":676,"width":23,"height":8}},{"id":"6f381b40-4533-42a5-a19c-33b6193cd086","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":681,"width":9,"height":0}},{"id":"c3eb8187-34ee-404d-a756-f4837b648027","block_type":"box","text":"HKD (160,047)","page_number":84,"box":{"x":85,"y":691,"width":110,"height":11}},{"id":"2a21846e-ec6d-40a7-a09f-6ff582035ef1","block_type":"box","text":"Sold HKD, Bought GBP 15,486 for settlement on","page_number":84,"box":{"x":230,"y":691,"width":360,"height":11}},{"id":"e1a7a478-d456-425a-98ad-55cafdf3be78","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":705,"width":83,"height":9}},{"id":"856ea8c8-f1ca-48e9-bae5-2558cb235a8f","block_type":"box","text":"202","page_number":84,"box":{"x":773,"y":705,"width":26,"height":9}},{"id":"d10a19b9-b8bf-4040-b5e1-279d706482f3","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":710,"width":9,"height":1}},{"id":"1c955de7-9909-4cf0-9c46-a2b6d1c953a0","block_type":"box","text":"HKD (172)","page_number":84,"box":{"x":118,"y":720,"width":77,"height":12}},{"id":"ebb17b3d-28fc-4178-9507-6d78f254bf82","block_type":"box","text":"Sold HKD, Bought GBP 17 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":720,"width":416,"height":12}},{"id":"81ca55dd-01e4-4563-8379-1da84253fac8","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":726,"width":9,"height":0}},{"id":"704d4d5b-4e60-4f55-bd70-2e563904bd36","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":726,"width":9,"height":0}},{"id":"4661d78a-9600-453c-96d5-c0dce510ef25","block_type":"box","text":"HKD (136,581)","page_number":84,"box":{"x":85,"y":736,"width":110,"height":11}},{"id":"a15e0fe4-5cbb-46bb-b5f1-6a90472617c0","block_type":"box","text":"Sold HKD, Bought GBP 13,159 for settlement on","page_number":84,"box":{"x":230,"y":736,"width":360,"height":11}},{"id":"6cc04ce3-df07-4a2d-9d0e-2a5462d0a026","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":750,"width":83,"height":9}},{"id":"0cf20fdc-778c-4e74-b324-f6498649f16c","block_type":"box","text":"116","page_number":84,"box":{"x":775,"y":750,"width":24,"height":9}},{"id":"3dd84f62-f9fa-4de3-a965-508b9b985cca","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":755,"width":9,"height":1}},{"id":"2918f3cc-8c1f-453d-9ef2-da9273926e28","block_type":"box","text":"HKD (113)","page_number":84,"box":{"x":119,"y":765,"width":76,"height":12}},{"id":"0275c139-cedc-4bec-84dc-3cdf91d83e6f","block_type":"box","text":"Sold HKD, Bought GBP 11 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":765,"width":415,"height":12}},{"id":"98058bbf-8bd8-4b23-97a3-4f9b0d38e192","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":771,"width":9,"height":0}},{"id":"dc63ea3f-1c57-430f-9583-768235f55307","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":771,"width":9,"height":0}},{"id":"3688e186-eaa2-4806-918d-1e8e39d5f62d","block_type":"box","text":"HKD (124)","page_number":84,"box":{"x":118,"y":781,"width":77,"height":11}},{"id":"5b4edfc6-cce2-48ee-ac3f-9285893aba71","block_type":"box","text":"Sold HKD, Bought GBP 12 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":781,"width":416,"height":11}},{"id":"a56c8f6c-b683-4db8-861a-b95b1242d0f6","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":786,"width":9,"height":1}},{"id":"f50df87d-d2ee-4e01-b13b-91cb2c00302f","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":786,"width":9,"height":1}},{"id":"3e52dea1-0c25-4853-9bf4-7c8c96e00944","block_type":"box","text":"HKD (3,196)","page_number":84,"box":{"x":104,"y":796,"width":91,"height":11}},{"id":"f20f4cb6-e4f5-40e0-9ef8-692d457e5dcc","block_type":"box","text":"Sold HKD, Bought GBP 308 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":796,"width":425,"height":11}},{"id":"3648a32d-4f22-4a2b-852e-c9cbf849a06b","block_type":"box","text":"2","page_number":84,"box":{"x":791,"y":796,"width":8,"height":9}},{"id":"65543451-8968-42aa-b826-815a10b585dc","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":801,"width":9,"height":1}},{"id":"823e1a92-774e-4064-b230-a09a8a51cbc0","block_type":"box","text":"HKD (43)","page_number":84,"box":{"x":127,"y":811,"width":68,"height":12}},{"id":"b61d3ca9-4aa6-446f-8032-9952d08e0eb3","block_type":"box","text":"Sold HKD, Bought GBP 4 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":811,"width":407,"height":12}},{"id":"7c5ce9b5-6564-4121-b511-a3e34b9a1443","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":817,"width":9,"height":0}},{"id":"c15dcc5d-484a-48d1-97b5-87b8d55c4946","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":817,"width":9,"height":0}},{"id":"d8262fb6-0959-4573-aad3-e426c02edcf1","block_type":"box","text":"HKD (3)","page_number":84,"box":{"x":136,"y":827,"width":59,"height":11}},{"id":"d6fbaab0-343c-4b34-8568-54c5bb28e09d","block_type":"box","text":"Sold HKD, Bought GBP – for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":827,"width":407,"height":11}},{"id":"bf085a53-5bbf-48fc-8e87-3b0092954389","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":832,"width":9,"height":1}},{"id":"826df33a-a127-46c6-bea4-0d671c070990","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":832,"width":9,"height":1}},{"id":"e176e3df-0204-4f2a-9d30-2514a751ce04","block_type":"box","text":"HKD (16,533)","page_number":84,"box":{"x":94,"y":842,"width":101,"height":11}},{"id":"562cc908-3b04-451c-8336-09276e07da1f","block_type":"box","text":"Sold HKD, Bought GBP 1,591 for settlement on","page_number":84,"box":{"x":230,"y":842,"width":356,"height":11}},{"id":"0ef43a5a-9074-49ff-b752-94713f39711c","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":856,"width":83,"height":9}},{"id":"59623607-6995-4f5c-adfe-b505c857a9b5","block_type":"box","text":"13","page_number":84,"box":{"x":783,"y":856,"width":16,"height":9}},{"id":"350757ee-be14-4c6e-9a94-7cc6e9bf98eb","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":862,"width":9,"height":0}},{"id":"1238ccd2-92d1-475a-9d30-b0e5c95ccca4","block_type":"box","text":"HKD (48,710)","page_number":84,"box":{"x":94,"y":872,"width":101,"height":11}},{"id":"b0b4072f-c02c-4395-ad30-c065c7c72b4a","block_type":"box","text":"Sold HKD, Bought GBP 4,713 for settlement on","page_number":84,"box":{"x":230,"y":872,"width":356,"height":11}},{"id":"a6d24b86-c35f-43e2-8480-3150c4d5b739","block_type":"box","text":"24/07/2026","page_number":84,"box":{"x":229,"y":886,"width":83,"height":9}},{"id":"811722f6-c72e-4355-91f0-259a9068bd0c","block_type":"box","text":"62","page_number":84,"box":{"x":782,"y":886,"width":17,"height":9}},{"id":"2d2a7a28-213c-4b0c-9873-be995e5d9acc","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":891,"width":9,"height":1}},{"id":"f6a9f0da-51bc-499d-aca5-7f29992f785f","block_type":"box","text":"HKD (28)","page_number":84,"box":{"x":127,"y":901,"width":68,"height":12}},{"id":"608a182f-870f-413e-b313-ec7caaca6632","block_type":"box","text":"Sold HKD, Bought GBP 3 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":901,"width":407,"height":12}},{"id":"48175712-9aac-4de2-a012-a4fa13d7597f","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":907,"width":9,"height":0}},{"id":"a5e8c354-99cc-4046-8298-7de169819463","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":907,"width":9,"height":0}},{"id":"6ca28bb5-23b6-4023-896b-4ddd7e2096ec","block_type":"box","text":"HKD (64)","page_number":84,"box":{"x":127,"y":917,"width":68,"height":11}},{"id":"5fc6b825-ae32-4500-bcd2-98198c074770","block_type":"box","text":"Sold HKD, Bought GBP 6 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":917,"width":407,"height":11}},{"id":"6a2ee3fe-484c-45bf-88cd-b7d3854584a2","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":922,"width":9,"height":1}},{"id":"e2662dd5-c549-4b79-be8d-5b882818d536","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":922,"width":9,"height":1}},{"id":"fc123c95-7e95-43bf-a962-f3e73238ec0a","block_type":"box","text":"HKD (42)","page_number":84,"box":{"x":127,"y":932,"width":68,"height":11}},{"id":"e6fcff49-19a2-4336-9097-cccfd1e4440d","block_type":"box","text":"Sold HKD, Bought GBP 4 for settlement on 24/07/2026","page_number":84,"box":{"x":230,"y":932,"width":407,"height":11}},{"id":"9e54bfb0-756c-4e74-8fd2-47f207eec0ed","block_type":"box","text":"–","page_number":84,"box":{"x":791,"y":937,"width":9,"height":1}},{"id":"9da51c26-119a-49de-a0c4-9aa52d409e52","block_type":"box","text":"–","page_number":84,"box":{"x":948,"y":937,"width":9,"height":1}},{"id":"b06dd0cc-c032-4782-b23f-e119a793e3a7","block_type":"box","text":"84","page_number":85,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"70824116-237d-4f29-a169-bdf8c556d3b4","block_type":"box","text":"85","page_number":85,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"da0a8565-0e2e-4b95-8919-a3ab850f3614","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":85,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"abf6a4b6-e795-414d-bdbf-0d2a3d9b39e6","block_type":"box","text":"Portfolio Statement (continued)","page_number":85,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"38ea6d7b-4f3b-4cb2-acb3-cc24a51c7c94","block_type":"box","text":"Holding","page_number":85,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"cb7fa1fa-7637-474a-9572-2a92ae48035a","block_type":"box","text":"Investment","page_number":85,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"09de27ca-056f-4699-bffa-052a262bbb82","block_type":"box","text":"Market","page_number":85,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"bc322498-5666-4037-a7b6-560ee49331d2","block_type":"box","text":"Value","page_number":85,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"b02eaff6-999b-4809-ae56-a9027cbe9585","block_type":"box","text":"£","page_number":85,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"f4acaedd-3320-44c8-bad7-6256c6cbc984","block_type":"box","text":"% of","page_number":85,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"aec7c7af-83be-450f-983c-3a4c16d8f387","block_type":"box","text":"Net Assets","page_number":85,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"5c4dffb5-40ff-4618-b242-236c473114ab","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":85,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"627a6a1c-af81-4020-8e0e-7f21845f0fe3","block_type":"box","text":"HKD (13,721)","page_number":85,"box":{"x":94,"y":183,"width":101,"height":11}},{"id":"76598a60-6970-4e7a-9e37-bcd2293dc664","block_type":"box","text":"Sold HKD, Bought GBP 1,322 for settlement on","page_number":85,"box":{"x":230,"y":183,"width":356,"height":11}},{"id":"70872d27-f93a-4c29-a577-bfeab82cc6d7","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"77ce04b8-70f7-4819-aa32-76e95a471d8e","block_type":"box","text":"12","page_number":85,"box":{"x":783,"y":197,"width":16,"height":9}},{"id":"e62f9641-5282-4f83-8b9d-269cf02f0ca1","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"ee370d94-938b-4406-b33c-fa1ff253a386","block_type":"box","text":"HKD (1,452,097)","page_number":85,"box":{"x":71,"y":212,"width":124,"height":12}},{"id":"2ffaf14f-58c7-4a45-a1e2-192615f8f57d","block_type":"box","text":"Sold HKD, Bought GBP 140,308 for settlement on","page_number":85,"box":{"x":230,"y":212,"width":375,"height":12}},{"id":"98fde998-b310-4fe8-bbe5-65b52af38a70","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"7267342c-03a1-4d8f-afa8-62ec0f5ab58c","block_type":"box","text":"1,642","page_number":85,"box":{"x":760,"y":227,"width":39,"height":10}},{"id":"5ca9b619-686a-4770-a3cd-92ffe6e6a223","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"e1f0c04d-38ca-4c14-8309-9d419991eb64","block_type":"box","text":"HKD (64)","page_number":85,"box":{"x":127,"y":242,"width":68,"height":11}},{"id":"8da629d8-6910-41ac-871e-9b91f90c6e99","block_type":"box","text":"Sold HKD, Bought GBP 6 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":242,"width":407,"height":11}},{"id":"62754596-d0a0-41c8-8f0f-17e6a3a8ea17","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":247,"width":9,"height":1}},{"id":"fefa1779-0f87-46ae-bd1a-3691f7083be4","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"babe77fe-fd32-4d41-96ba-c63432492e5d","block_type":"box","text":"HKD (3,851)","page_number":85,"box":{"x":104,"y":257,"width":91,"height":12}},{"id":"615993d2-0452-47bd-b792-1d2ccfdaa5fe","block_type":"box","text":"Sold HKD, Bought GBP 368 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":257,"width":425,"height":12}},{"id":"23103968-b492-4e13-b85c-89f7d791f62b","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":263,"width":9,"height":0}},{"id":"6aeb46d8-6595-4874-bd0b-0e1c857f31af","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"e9780ac9-ae07-4516-a928-69988627de0c","block_type":"box","text":"HKD (140)","page_number":85,"box":{"x":118,"y":273,"width":77,"height":11}},{"id":"3d0d0661-d0b5-4344-ad7d-f4d018a2c9e0","block_type":"box","text":"Sold HKD, Bought GBP 14 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":273,"width":416,"height":11}},{"id":"736a2fbf-678d-40d4-9936-826d704223b0","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":278,"width":9,"height":1}},{"id":"4fcd59ba-8841-4ecb-ada3-23208d618844","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"047eb1da-6027-4986-984a-77b1b271a358","block_type":"box","text":"HKD (45,139)","page_number":85,"box":{"x":94,"y":288,"width":101,"height":11}},{"id":"65c2c5c6-caa0-488b-960a-2f7164fc5cc0","block_type":"box","text":"Sold HKD, Bought GBP 4,349 for settlement on","page_number":85,"box":{"x":230,"y":288,"width":356,"height":11}},{"id":"2999972c-bd09-4f08-a395-1ea7a82f428b","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":302,"width":83,"height":9}},{"id":"88f997a0-c66f-4277-9572-f28eb84273b8","block_type":"box","text":"38","page_number":85,"box":{"x":782,"y":302,"width":17,"height":9}},{"id":"df5c8a89-3c71-43e0-9467-62aa199dee40","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"e3d9674d-a59a-4374-a668-997c17745080","block_type":"box","text":"HKD (441,615)","page_number":85,"box":{"x":85,"y":318,"width":110,"height":11}},{"id":"ce904076-7b67-4403-8bd0-0251addd250d","block_type":"box","text":"Sold HKD, Bought GBP 42,671 for settlement on","page_number":85,"box":{"x":230,"y":318,"width":365,"height":11}},{"id":"4f2babae-8b17-4e49-a20c-3e6931a7a7e9","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":332,"width":83,"height":9}},{"id":"a8b2ce30-30b0-4144-aac0-9cb23e0032da","block_type":"box","text":"499","page_number":85,"box":{"x":772,"y":332,"width":27,"height":9}},{"id":"fddb015b-2ba4-4789-a88b-f44bc8ffde75","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"7d75e85a-4559-44cd-99ec-295a3d451961","block_type":"box","text":"HKD (259)","page_number":85,"box":{"x":118,"y":347,"width":77,"height":12}},{"id":"cc6a2a08-9ecf-4998-880a-43ddf713102c","block_type":"box","text":"Sold HKD, Bought GBP 25 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":347,"width":416,"height":12}},{"id":"61f5999c-b26a-47b7-9384-ea0b5a5b28ef","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":353,"width":9,"height":0}},{"id":"e834cb17-68e0-422b-9578-7d88e00f4c3e","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":353,"width":9,"height":0}},{"id":"8ebd8e8b-abef-4f69-addd-cab1ba01d2b7","block_type":"box","text":"HKD (20)","page_number":85,"box":{"x":127,"y":363,"width":68,"height":11}},{"id":"f239a8d5-3785-4480-93ba-96b2ee2802df","block_type":"box","text":"Sold HKD, Bought GBP 2 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":363,"width":407,"height":11}},{"id":"de8e0461-85ea-4c7c-b137-471c84227277","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":368,"width":9,"height":1}},{"id":"62622b1e-40a7-44ff-aa79-79cb359df35d","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"5113e7d0-40b7-47e4-bd9a-a3d0a0a2d837","block_type":"box","text":"HKD (313)","page_number":85,"box":{"x":118,"y":378,"width":77,"height":11}},{"id":"d9549743-24bc-4a06-b476-f43694841bfa","block_type":"box","text":"Sold HKD, Bought GBP 30 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":378,"width":416,"height":11}},{"id":"85dfad95-eadd-45a2-8070-bda3c044f5dd","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":383,"width":9,"height":1}},{"id":"5eb0cde7-c762-4654-b7d8-aaa2e16fdd67","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":383,"width":9,"height":1}},{"id":"23ec76c8-8dd4-421f-ba06-e05d1edcc8e7","block_type":"box","text":"HKD (85,255)","page_number":85,"box":{"x":94,"y":393,"width":101,"height":12}},{"id":"7e4d9f30-4830-446c-8d84-da11255669ea","block_type":"box","text":"Sold HKD, Bought GBP 8,238 for settlement on","page_number":85,"box":{"x":230,"y":393,"width":356,"height":12}},{"id":"7e2e8908-ff68-4102-a523-efe2766cc6e8","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":408,"width":83,"height":9}},{"id":"a8b7bc21-df53-42a1-90f3-bf08aea435ec","block_type":"box","text":"96","page_number":85,"box":{"x":782,"y":408,"width":17,"height":9}},{"id":"d6752a32-1a87-4046-912b-cee616fceec8","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"9d469a87-1abd-4e63-adf2-a8954aa9dd61","block_type":"box","text":"HKD (126,770)","page_number":85,"box":{"x":85,"y":423,"width":110,"height":11}},{"id":"c05ec04d-48e4-4ef1-b059-60cf5cca0485","block_type":"box","text":"Sold HKD, Bought GBP 12,266 for settlement on","page_number":85,"box":{"x":230,"y":423,"width":365,"height":11}},{"id":"dd4e36e3-ca35-4e85-973d-91cb72dc55e7","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":437,"width":83,"height":9}},{"id":"f38262c1-531d-48d5-97c3-d2c06facec5b","block_type":"box","text":"160","page_number":85,"box":{"x":774,"y":437,"width":25,"height":9}},{"id":"6806026e-425e-449d-b21f-d8c335c8cb80","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"7acbe52c-3329-4501-a7ef-2053890d09a4","block_type":"box","text":"HKD (120,033)","page_number":85,"box":{"x":85,"y":453,"width":110,"height":11}},{"id":"bba43751-e088-43e0-b108-858d06967244","block_type":"box","text":"Sold HKD, Bought GBP 11,565 for settlement on","page_number":85,"box":{"x":230,"y":453,"width":364,"height":11}},{"id":"5245ed2c-96d7-45a2-bc9c-9bcb678e9039","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":467,"width":83,"height":9}},{"id":"b7e1b95b-04da-406d-bcb8-2790a87c52ad","block_type":"box","text":"102","page_number":85,"box":{"x":774,"y":467,"width":25,"height":9}},{"id":"d7ff3446-0ace-474a-8e4d-ea5af2d4c077","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"3bf8551e-1d55-4822-8942-5b6c45876ba8","block_type":"box","text":"HKD (25)","page_number":85,"box":{"x":127,"y":482,"width":68,"height":11}},{"id":"90ce6762-b56a-4426-a77e-3bf2c4c2807f","block_type":"box","text":"Sold HKD, Bought GBP 2 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":482,"width":407,"height":11}},{"id":"cd9b7b25-5f26-4f39-a24b-b850ea6c2edd","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":487,"width":9,"height":1}},{"id":"a30a18e2-27ad-4810-bb1c-ee6719fe7896","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"4319de6b-78c0-4ffd-bf53-f179e54da92b","block_type":"box","text":"HKD (425,133)","page_number":85,"box":{"x":85,"y":498,"width":110,"height":11}},{"id":"605fd7bf-7de4-4ffc-9271-8b9ffef43249","block_type":"box","text":"Sold HKD, Bought GBP 41,135 for settlement on","page_number":85,"box":{"x":230,"y":498,"width":365,"height":11}},{"id":"cf7d5efa-5def-4afe-9724-ea0837ced0b3","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":512,"width":83,"height":9}},{"id":"4b7193ad-6fa5-4ca1-997d-94dc4d77c329","block_type":"box","text":"537","page_number":85,"box":{"x":773,"y":512,"width":26,"height":9}},{"id":"f09182d1-2107-4252-9770-d64e2598ba37","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":517,"width":9,"height":1}},{"id":"4658e17a-67a9-495e-8c59-e47e57cfa139","block_type":"box","text":"HKD (2)","page_number":85,"box":{"x":136,"y":527,"width":59,"height":11}},{"id":"fa7357a4-c31b-439d-a978-908a4b1ea1c0","block_type":"box","text":"Sold HKD, Bought GBP – for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":527,"width":407,"height":11}},{"id":"26b1f1fa-b3bf-47bf-8203-d45733417eda","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":532,"width":9,"height":1}},{"id":"5f8c0c51-ca24-4177-86df-18cc5ba0fecd","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"6b538060-bebd-48d6-94ff-ad2273d06f4a","block_type":"box","text":"HKD (4,379,486)","page_number":85,"box":{"x":71,"y":543,"width":124,"height":11}},{"id":"ce7f7120-99e2-4bb6-a442-772c6ab0b2c7","block_type":"box","text":"Sold HKD, Bought GBP 423,166 for settlement on","page_number":85,"box":{"x":230,"y":543,"width":375,"height":11}},{"id":"79728a2f-3fea-4112-886a-bdbc6dd84576","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"50f82cd2-b89b-4c4e-85f3-8aa1270b997b","block_type":"box","text":"4,952","page_number":85,"box":{"x":758,"y":557,"width":41,"height":10}},{"id":"ae2ce1b2-53aa-480e-ab6c-d5b412cd2f0b","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"5e6d41bb-9b96-4726-8aa4-9486232f1869","block_type":"box","text":"HKD (120)","page_number":85,"box":{"x":118,"y":572,"width":77,"height":11}},{"id":"32d99442-d5c1-42e1-9d55-41f60256b617","block_type":"box","text":"Sold HKD, Bought GBP 12 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":572,"width":416,"height":11}},{"id":"bca79d47-5b29-42ed-b61f-3035d271b1b7","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":577,"width":9,"height":1}},{"id":"db3fa031-1bcd-4679-8636-3ece5cf51215","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":577,"width":9,"height":1}},{"id":"60f37ae1-84ec-4020-9f05-25a3d3e5e149","block_type":"box","text":"HKD (35,756)","page_number":85,"box":{"x":94,"y":588,"width":101,"height":11}},{"id":"3c546036-1792-4e9c-a405-7b49c9bdcafd","block_type":"box","text":"Sold HKD, Bought GBP 3,445 for settlement on","page_number":85,"box":{"x":230,"y":588,"width":356,"height":11}},{"id":"6781deb2-f235-4013-92dc-220efbbb9b4b","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":602,"width":83,"height":9}},{"id":"104213a8-137d-4360-9ae6-647fd2cf78f4","block_type":"box","text":"30","page_number":85,"box":{"x":782,"y":602,"width":17,"height":9}},{"id":"6148261d-ce1f-44b2-81c3-f993d74cf450","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":607,"width":9,"height":1}},{"id":"9b7ace96-299a-4440-b840-653737432fbd","block_type":"box","text":"HKD (144,456)","page_number":85,"box":{"x":85,"y":617,"width":110,"height":11}},{"id":"252c4dee-547f-4a4c-8607-d7635a4f9f97","block_type":"box","text":"Sold HKD, Bought GBP 13,905 for settlement on","page_number":85,"box":{"x":230,"y":617,"width":365,"height":11}},{"id":"a887bf3f-67d4-4a8f-a52f-4daddf67e73f","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":631,"width":83,"height":9}},{"id":"2998c03c-b0dc-4b42-8015-ebec242b7a03","block_type":"box","text":"110","page_number":85,"box":{"x":775,"y":632,"width":24,"height":8}},{"id":"b22d16a9-b233-4688-9f0e-388f55d011fb","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":637,"width":9,"height":1}},{"id":"58554ff1-c623-41c8-aee8-0b504382f787","block_type":"box","text":"HKD (36)","page_number":85,"box":{"x":127,"y":647,"width":68,"height":11}},{"id":"2b57232d-f1a7-48dd-9061-f2cd0a79c4cc","block_type":"box","text":"Sold HKD, Bought GBP 3 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":647,"width":407,"height":11}},{"id":"412d9fd9-ef92-4015-80b0-9a7277814bce","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":652,"width":9,"height":1}},{"id":"8840d145-cf07-42a0-9116-57c2d466ae12","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":652,"width":9,"height":1}},{"id":"b7d65124-c443-4078-b92b-20c12ab8ad17","block_type":"box","text":"HKD (3,379)","page_number":85,"box":{"x":104,"y":662,"width":91,"height":11}},{"id":"8a8b706d-866e-4cd5-8d1e-a09d13189752","block_type":"box","text":"Sold HKD, Bought GBP 325 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":662,"width":425,"height":11}},{"id":"8018f1a4-139e-479d-a298-4759dc2b6b50","block_type":"box","text":"2","page_number":85,"box":{"x":791,"y":662,"width":8,"height":9}},{"id":"5f4d3ca7-7bb1-4ac4-9119-089c608b26b4","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":667,"width":9,"height":1}},{"id":"4eac4885-0f00-493e-b31f-1a577fa7cfca","block_type":"box","text":"HKD (393)","page_number":85,"box":{"x":118,"y":678,"width":77,"height":11}},{"id":"51abdfc9-487d-4474-9340-8e3f15c9cea4","block_type":"box","text":"Sold HKD, Bought GBP 37 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":678,"width":416,"height":11}},{"id":"7bee2a47-1b04-40a2-ad74-3f0927afd1d8","block_type":"box","text":"–","page_number":85,"box":{"x":791,"y":683,"width":9,"height":1}},{"id":"231498a7-fef4-4de9-a54c-f87bad827257","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":683,"width":9,"height":1}},{"id":"f643e8b4-4407-4430-ab58-a23dc32c1e39","block_type":"box","text":"HKD (11,574,839)","page_number":85,"box":{"x":63,"y":693,"width":132,"height":11}},{"id":"8794637b-290e-47cd-aba4-6099d124aa77","block_type":"box","text":"Sold HKD, Bought GBP 1,118,414 for settlement on","page_number":85,"box":{"x":230,"y":693,"width":382,"height":11}},{"id":"1ccdeac9-aaf4-410a-8c07-0dd1fc3f2bcd","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":707,"width":83,"height":9}},{"id":"f0cd23a2-ef94-48cb-a48e-04566cadc456","block_type":"box","text":"13,088","page_number":85,"box":{"x":751,"y":707,"width":48,"height":11}},{"id":"d1a77198-cd22-4a93-a179-0375998a3a58","block_type":"box","text":"0.01","page_number":85,"box":{"x":925,"y":707,"width":29,"height":9}},{"id":"0a58a041-8f5b-4865-bdaf-8f8cf2a544f7","block_type":"box","text":"HKD (43,080)","page_number":85,"box":{"x":94,"y":722,"width":101,"height":12}},{"id":"9c29ea39-315f-4b5b-bf82-f8be424edaa3","block_type":"box","text":"Sold HKD, Bought GBP 4,147 for settlement on","page_number":85,"box":{"x":230,"y":722,"width":350,"height":12}},{"id":"372b5071-3bd1-4ae8-a248-20401791b5d5","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":737,"width":83,"height":9}},{"id":"d8ee03bb-b868-4f22-bc6a-45637407bd42","block_type":"box","text":"33","page_number":85,"box":{"x":782,"y":737,"width":17,"height":9}},{"id":"2f9b9441-1b70-46ce-8a13-5d8a82fa97be","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":742,"width":9,"height":1}},{"id":"0a00bfb1-b6a6-4862-82bd-371c8fa613ab","block_type":"box","text":"HKD (2,653)","page_number":85,"box":{"x":104,"y":752,"width":91,"height":11}},{"id":"ac1737e6-6990-4177-b251-34902713c963","block_type":"box","text":"Sold HKD, Bought GBP 256 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":752,"width":425,"height":11}},{"id":"9f1e0670-4437-4388-a782-bd71a3dcb71d","block_type":"box","text":"2","page_number":85,"box":{"x":791,"y":752,"width":8,"height":9}},{"id":"9f5ce298-1459-4f40-b6f7-94070359a63f","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":757,"width":9,"height":1}},{"id":"08d077fb-63f5-4841-be1d-d13310d7eff4","block_type":"box","text":"HKD (1,277,351)","page_number":85,"box":{"x":71,"y":767,"width":124,"height":12}},{"id":"f0d3b2d2-956c-4d56-a4c3-3f45c27125c1","block_type":"box","text":"Sold HKD, Bought GBP 123,593 for settlement on","page_number":85,"box":{"x":230,"y":767,"width":369,"height":12}},{"id":"e1a7de02-e3ac-474f-a126-99f27225eda0","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":782,"width":83,"height":9}},{"id":"d8670a4e-f694-4b85-b4b7-163155117fba","block_type":"box","text":"1,614","page_number":85,"box":{"x":760,"y":782,"width":39,"height":10}},{"id":"edfe26d4-fd22-40ec-a8a0-37564ecbb149","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":787,"width":9,"height":1}},{"id":"03e0479d-f109-476f-ad27-8a7f85a67ebe","block_type":"box","text":"HKD (3,856,691)","page_number":85,"box":{"x":71,"y":797,"width":124,"height":11}},{"id":"689872bf-dfe5-4af7-ae6c-cac7660ada73","block_type":"box","text":"Sold HKD, Bought GBP 372,651 for settlement on","page_number":85,"box":{"x":230,"y":797,"width":369,"height":11}},{"id":"7ba3c752-38a6-416f-bad1-fc1228b94e38","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":811,"width":83,"height":9}},{"id":"a52ca3fc-ff60-4d6b-8920-168e4d949074","block_type":"box","text":"4,361","page_number":85,"box":{"x":758,"y":811,"width":39,"height":11}},{"id":"a4185b4e-38f1-4ae4-9849-2b95549d1754","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":817,"width":9,"height":0}},{"id":"373807ec-c48f-472d-b222-e6af337e8592","block_type":"box","text":"HKD (434,853)","page_number":85,"box":{"x":85,"y":827,"width":110,"height":11}},{"id":"09cf8658-6aa4-4aba-8d0b-b98eb3f74c0e","block_type":"box","text":"Sold HKD, Bought GBP 41,858 for settlement on","page_number":85,"box":{"x":230,"y":827,"width":360,"height":11}},{"id":"f575a6e2-a4b1-4e0e-9d5f-431d1d2548e3","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":841,"width":83,"height":9}},{"id":"29638779-0fec-4fcc-a9f4-0b50fe98cbaf","block_type":"box","text":"333","page_number":85,"box":{"x":773,"y":841,"width":26,"height":9}},{"id":"c5ec3579-21e7-443c-9b5a-d437ed94f423","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":846,"width":9,"height":1}},{"id":"d4c066c0-9d8f-4a53-a866-8b1be6dd7a36","block_type":"box","text":"HKD (360,978)","page_number":85,"box":{"x":85,"y":856,"width":110,"height":12}},{"id":"62bfc046-0dc7-4a8b-95bd-afa45d7e5ab8","block_type":"box","text":"Sold HKD, Bought GBP 34,779 for settlement on","page_number":85,"box":{"x":230,"y":856,"width":365,"height":12}},{"id":"54d80b92-cdbf-4f8b-aa68-9604e3fe47a4","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":871,"width":83,"height":9}},{"id":"20e777bf-2d5f-48ee-891e-d71dddc7f2f4","block_type":"box","text":"307","page_number":85,"box":{"x":773,"y":871,"width":26,"height":9}},{"id":"997358b1-725c-45e4-9739-a758d385ed34","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":876,"width":9,"height":1}},{"id":"2ed51464-36dc-4123-95ce-4b7a455f0aaf","block_type":"box","text":"HKD (9,406)","page_number":85,"box":{"x":104,"y":886,"width":91,"height":11}},{"id":"35bef83b-6def-4f26-9e50-f3c1392e4a9b","block_type":"box","text":"Sold HKD, Bought GBP 910 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":886,"width":425,"height":11}},{"id":"4cc19b0d-5fab-4c47-87a2-cf69978b2c28","block_type":"box","text":"12","page_number":85,"box":{"x":783,"y":886,"width":16,"height":9}},{"id":"4ca22c53-61ce-4d6f-ae64-effcba751fa4","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":891,"width":9,"height":1}},{"id":"ab524ea5-d4ed-4d96-9f2a-8fe8ba0cc642","block_type":"box","text":"HKD (1,149,089)","page_number":85,"box":{"x":71,"y":901,"width":124,"height":12}},{"id":"b52bb5cb-4cae-48cf-b42f-40e71d884a47","block_type":"box","text":"Sold HKD, Bought GBP 111,030 for settlement on","page_number":85,"box":{"x":230,"y":901,"width":372,"height":12}},{"id":"65d59ff6-a374-4a63-98d7-9df7b197d47e","block_type":"box","text":"24/07/2026","page_number":85,"box":{"x":229,"y":916,"width":83,"height":8}},{"id":"1aeef145-2282-49b1-b006-9cbcd9718ebe","block_type":"box","text":"1,299","page_number":85,"box":{"x":760,"y":916,"width":39,"height":10}},{"id":"ada6d80d-7fdd-4889-a4cb-76c321a40472","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":921,"width":9,"height":1}},{"id":"6ecc042b-ce7a-42fc-8f1b-ffb41b8b1cec","block_type":"box","text":"HKD (926)","page_number":85,"box":{"x":118,"y":931,"width":77,"height":11}},{"id":"085fe4e5-e833-4cd3-94f5-8e01ba912cdc","block_type":"box","text":"Sold HKD, Bought GBP 89 for settlement on 24/07/2026","page_number":85,"box":{"x":230,"y":931,"width":416,"height":11}},{"id":"81576166-0ac8-41b3-b191-7750840ddf9d","block_type":"box","text":"1","page_number":85,"box":{"x":793,"y":931,"width":4,"height":9}},{"id":"239947eb-fd8a-43ad-90fc-320fe36f7186","block_type":"box","text":"–","page_number":85,"box":{"x":948,"y":936,"width":9,"height":1}},{"id":"595765d4-34ef-462b-a272-0980fb1edd9f","block_type":"box","text":"85","page_number":86,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"e23f6341-00f8-4cad-a414-18d68476bfe2","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":86,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"ca84d0fa-a74e-473f-adeb-8693ea07aaeb","block_type":"box","text":"Portfolio Statement (continued)","page_number":86,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"a263f608-f376-4732-a5c0-c9e635470fbe","block_type":"box","text":"Holding","page_number":86,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"2ad4e871-332f-49f8-bbcd-f642af4d33bd","block_type":"box","text":"Investment","page_number":86,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"bfda5990-9c3f-4f1b-bfa2-ea25f02dfc3c","block_type":"box","text":"Market","page_number":86,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"11f774b5-e35b-4152-986a-6dda7e647f09","block_type":"box","text":"Value","page_number":86,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"bef09440-75f6-4fb0-9334-04ca32beb1f5","block_type":"box","text":"£","page_number":86,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"2df71289-eb9b-41a5-b0b6-543f89cf7f7b","block_type":"box","text":"% of","page_number":86,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"c7a8de7b-7f30-4222-a236-e6f338e43657","block_type":"box","text":"Net Assets","page_number":86,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"c8ed5078-edf6-4cb7-a13d-f4beb8e16ac7","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":86,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"351c0621-5729-473b-958c-549aa2dffd67","block_type":"box","text":"JPY (606)","page_number":86,"box":{"x":122,"y":183,"width":73,"height":11}},{"id":"380c9a05-8d6e-4ef1-b0d8-7c89ea417a82","block_type":"box","text":"Sold JPY, Bought GBP 3 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":183,"width":400,"height":11}},{"id":"f612fd4d-00be-44a9-8659-ca122193bcb7","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":188,"width":9,"height":1}},{"id":"bcc0f9ee-a573-43e6-be33-ea1c21683211","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"729496cb-f01c-4997-a372-ccfe3b06666c","block_type":"box","text":"JPY (5,484,342)","page_number":86,"box":{"x":75,"y":198,"width":120,"height":11}},{"id":"88a9a40f-e29b-4002-878c-b6350584a1ed","block_type":"box","text":"Sold JPY, Bought GBP 25,593 for settlement on","page_number":86,"box":{"x":230,"y":198,"width":359,"height":11}},{"id":"3c685da4-4dad-443d-b7fa-506868a597c0","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"2c77746d-e668-4264-8f7e-ccf3c39bdfa2","block_type":"box","text":"110","page_number":86,"box":{"x":775,"y":213,"width":24,"height":8}},{"id":"55582b78-3d94-4d07-9f41-2cee810a032e","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"6e0dea91-cb1b-45d7-945e-1232ba639ca7","block_type":"box","text":"JPY (1,560)","page_number":86,"box":{"x":108,"y":228,"width":87,"height":11}},{"id":"a1a9897f-1725-4a9d-9d18-66d1a990efe0","block_type":"box","text":"Sold JPY, Bought GBP 7 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":228,"width":400,"height":11}},{"id":"1640dd5f-1f5a-4c58-b217-4d8281e00e37","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"ca08b116-936f-4d12-9403-83af4d82a454","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"f22589eb-dabe-40d6-8fe9-7bf62fdb102f","block_type":"box","text":"JPY (1,007)","page_number":86,"box":{"x":108,"y":243,"width":87,"height":11}},{"id":"7b5eb8aa-bef0-4fad-99ed-caa399fd8548","block_type":"box","text":"Sold JPY, Bought GBP 5 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":243,"width":400,"height":11}},{"id":"cf7b3031-df97-4926-81da-5e750752c54e","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":248,"width":9,"height":1}},{"id":"a61e7cce-20b3-440d-abdd-40b75de368d4","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"d19cfed1-967e-4d74-b552-c0a6337049d6","block_type":"box","text":"JPY (22,845,347)","page_number":86,"box":{"x":66,"y":258,"width":129,"height":12}},{"id":"7d9531d4-d3d5-463f-89ae-d762befa9f44","block_type":"box","text":"Sold JPY, Bought GBP 107,360 for settlement on","page_number":86,"box":{"x":230,"y":258,"width":368,"height":12}},{"id":"f6fe0221-04f1-456d-b9c9-fb9d8d7fbd08","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":273,"width":83,"height":9}},{"id":"b9263a18-e050-48da-8948-4e4023d36ad2","block_type":"box","text":"1,209","page_number":86,"box":{"x":760,"y":273,"width":39,"height":10}},{"id":"4112610b-5714-4e87-afe7-1550682ff431","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"dff23e11-9128-4bc6-a30e-5496d7d739a6","block_type":"box","text":"JPY (662)","page_number":86,"box":{"x":122,"y":288,"width":73,"height":11}},{"id":"c6c05bc0-9393-450e-8ff4-9439e1105e83","block_type":"box","text":"Sold JPY, Bought GBP 3 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":288,"width":400,"height":11}},{"id":"2518d194-d48b-4f72-ad68-671f8fc79ba8","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":293,"width":9,"height":1}},{"id":"d4519bc8-394d-43f6-8b0d-4ffaaf9276da","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"b418cadd-75d2-4bcc-a7ac-1de81cd690d3","block_type":"box","text":"JPY (18,078,226)","page_number":86,"box":{"x":66,"y":303,"width":129,"height":12}},{"id":"bdf54fec-d2aa-478c-bb1c-c13064613cad","block_type":"box","text":"Sold JPY, Bought GBP 84,957 for settlement on","page_number":86,"box":{"x":230,"y":303,"width":359,"height":12}},{"id":"f14889c1-80f5-4f81-b3ec-d696614e43cd","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":318,"width":83,"height":9}},{"id":"38b0c1ab-c202-44d0-b823-fac54474a5cc","block_type":"box","text":"956","page_number":86,"box":{"x":773,"y":318,"width":26,"height":9}},{"id":"075b616b-60c8-4f39-84e8-ccbd506f5aa0","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"af8174d1-9f6f-4140-b8eb-628e952e06b2","block_type":"box","text":"JPY (2,075,070)","page_number":86,"box":{"x":75,"y":333,"width":120,"height":11}},{"id":"6f14546b-e779-4127-88fd-e3903bb2c775","block_type":"box","text":"Sold JPY, Bought GBP 9,683 for settlement on","page_number":86,"box":{"x":230,"y":333,"width":349,"height":11}},{"id":"b1b4c244-f23d-4f31-a465-fea5683f33ef","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":347,"width":83,"height":9}},{"id":"7ed08e51-585f-43d2-92e2-1470bc082dc9","block_type":"box","text":"41","page_number":86,"box":{"x":782,"y":348,"width":15,"height":8}},{"id":"5ca37aec-f39a-48f1-b70f-f9b9f5d18daf","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":353,"width":9,"height":0}},{"id":"e3a4291c-1f2a-419f-a5ea-4ec262669f15","block_type":"box","text":"JPY (1,341,280)","page_number":86,"box":{"x":75,"y":363,"width":120,"height":11}},{"id":"d0d7feaa-4625-4f3c-9e68-48a443ba0d77","block_type":"box","text":"Sold JPY, Bought GBP 6,303 for settlement on","page_number":86,"box":{"x":230,"y":363,"width":349,"height":11}},{"id":"5cd78ec3-a6fd-457c-b54e-47e5ae4fa4f1","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":377,"width":83,"height":9}},{"id":"0856f60b-4767-4eb4-b329-36d294d194b4","block_type":"box","text":"71","page_number":86,"box":{"x":782,"y":377,"width":15,"height":9}},{"id":"12d83799-e685-4059-bc8e-bc1732a03613","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":382,"width":9,"height":1}},{"id":"5e1ff168-dc2c-4614-a192-b1b6c5a39822","block_type":"box","text":"JPY (3,457)","page_number":86,"box":{"x":108,"y":392,"width":87,"height":12}},{"id":"db226f10-e29f-4123-ae17-e30bc4f0a674","block_type":"box","text":"Sold JPY, Bought GBP 16 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":392,"width":409,"height":12}},{"id":"342b3cdb-cb5e-4071-b105-cdd99c7380b1","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":397,"width":9,"height":1}},{"id":"9c6ea1a3-1544-4f7d-85ca-1590a262aa89","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"e65134f7-6303-4b06-9791-ed60ed8119d6","block_type":"box","text":"JPY (40,242)","page_number":86,"box":{"x":98,"y":408,"width":97,"height":11}},{"id":"1b4b53d5-ec30-4c92-97f1-f71921795dce","block_type":"box","text":"Sold JPY, Bought GBP 188 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":408,"width":419,"height":11}},{"id":"85b9876b-77bc-4591-be99-e1cb45b945de","block_type":"box","text":"1","page_number":86,"box":{"x":793,"y":408,"width":4,"height":8}},{"id":"9658e74b-c8a9-436e-9dec-82d650e82e12","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"01574a7c-ac91-4d46-aa2a-9451c81d7e2f","block_type":"box","text":"JPY (542,419)","page_number":86,"box":{"x":89,"y":423,"width":106,"height":11}},{"id":"afd34161-ff11-477c-b3f1-1cc37b24b9a1","block_type":"box","text":"Sold JPY, Bought GBP 2,531 for settlement on","page_number":86,"box":{"x":230,"y":423,"width":349,"height":11}},{"id":"7e63ad77-9837-4cc3-b36d-4661f892a511","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":437,"width":83,"height":9}},{"id":"640af0fe-52ba-44c6-8a23-897b45b180da","block_type":"box","text":"11","page_number":86,"box":{"x":785,"y":437,"width":12,"height":9}},{"id":"1b571f35-0a88-4af0-84a6-f0eb8e5d6dcc","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"5316dde3-487f-4bb5-8e28-900d2c5b879d","block_type":"box","text":"JPY (182,102,986)","page_number":86,"box":{"x":56,"y":453,"width":139,"height":11}},{"id":"2b88504a-c1d5-4443-acca-43194dc7a3eb","block_type":"box","text":"Sold JPY, Bought GBP 855,776 for settlement on","page_number":86,"box":{"x":230,"y":453,"width":368,"height":11}},{"id":"a6041825-b6ce-4171-8f38-5ba989b959e1","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":467,"width":83,"height":9}},{"id":"b2f3fcf9-1bff-434f-9d17-85b3f321d652","block_type":"box","text":"9,634","page_number":86,"box":{"x":759,"y":467,"width":40,"height":10}},{"id":"c6420b05-a1db-4ee7-a9b8-8a8986c4e59d","block_type":"box","text":"0.01","page_number":86,"box":{"x":925,"y":467,"width":29,"height":9}},{"id":"913418d3-eaac-4191-b068-80061d8d9bb4","block_type":"box","text":"JPY (207,925)","page_number":86,"box":{"x":89,"y":482,"width":106,"height":11}},{"id":"1b8b5695-ad9b-484c-bdfa-553d1c22a373","block_type":"box","text":"Sold JPY, Bought GBP 970 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":482,"width":419,"height":11}},{"id":"3d32e15a-0a9c-4b56-bf77-aa8683451102","block_type":"box","text":"4","page_number":86,"box":{"x":791,"y":482,"width":8,"height":9}},{"id":"7c0ce76e-3d8a-4fe7-8e54-559f43cf2bf7","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"fc16462e-39d0-4f42-be1d-21b6ae6ef643","block_type":"box","text":"JPY (68,900,963)","page_number":86,"box":{"x":66,"y":498,"width":129,"height":11}},{"id":"8168f405-40f5-44c0-bfc3-0467c61f9e20","block_type":"box","text":"Sold JPY, Bought GBP 323,794 for settlement on","page_number":86,"box":{"x":230,"y":498,"width":368,"height":11}},{"id":"f40ce268-4794-42d6-ad7a-4c40d3e5f670","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":512,"width":83,"height":9}},{"id":"fc62e997-c753-4abc-800a-50fb7f71f9d5","block_type":"box","text":"3,645","page_number":86,"box":{"x":759,"y":512,"width":40,"height":10}},{"id":"e3cace48-97fa-4a24-adc6-6f4dcef31746","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":517,"width":9,"height":1}},{"id":"aa24b8cd-38bf-4d37-b85c-25f2e632f433","block_type":"box","text":"JPY (2,465)","page_number":86,"box":{"x":108,"y":527,"width":87,"height":11}},{"id":"7a4f4080-f2c1-4fe3-8741-e5df9527a33a","block_type":"box","text":"Sold JPY, Bought GBP 11 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":527,"width":408,"height":11}},{"id":"4e914c47-aed3-4630-ac7d-6ab3c99fd90f","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":532,"width":9,"height":1}},{"id":"7ceb131f-7a52-44b4-9ef4-f49dd3532018","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"05bfc985-f4d8-4e3c-b692-ec7f0b2892d3","block_type":"box","text":"JPY (919)","page_number":86,"box":{"x":122,"y":543,"width":73,"height":11}},{"id":"9db87c1c-3486-429d-9f1d-6d75dc7f04f1","block_type":"box","text":"Sold JPY, Bought GBP 4 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":543,"width":400,"height":11}},{"id":"8013eac7-68ec-4803-ace0-6231e5010c08","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":548,"width":9,"height":1}},{"id":"5397c705-912a-4c14-9d56-a4e16280d678","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":548,"width":9,"height":1}},{"id":"6d19443b-92cd-4a53-84d7-b09e8d228472","block_type":"box","text":"JPY (21)","page_number":86,"box":{"x":131,"y":558,"width":64,"height":11}},{"id":"19bf8752-1635-419c-943a-34fcfe61f0e2","block_type":"box","text":"Sold JPY, Bought GBP – for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":558,"width":400,"height":11}},{"id":"f5b8bc62-9456-4504-b10a-2f7398892553","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":563,"width":9,"height":1}},{"id":"3edc57bb-81db-414c-b10c-7b1d84cb5042","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":563,"width":9,"height":1}},{"id":"96248364-e36c-4067-a948-3b229b537e1c","block_type":"box","text":"JPY (406)","page_number":86,"box":{"x":122,"y":573,"width":73,"height":12}},{"id":"cb88f05b-c5fb-4521-98c7-a02e09bfe9f7","block_type":"box","text":"Sold JPY, Bought GBP 2 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":573,"width":400,"height":12}},{"id":"0741b7c8-aeef-435a-876b-7d4d88038f8d","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":579,"width":9,"height":0}},{"id":"3c69d2d6-21f5-4da4-812c-8c24634050ba","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":579,"width":9,"height":0}},{"id":"500d92c3-8d37-4f27-8ce4-cdd00ac5b982","block_type":"box","text":"JPY (6,947,780)","page_number":86,"box":{"x":75,"y":589,"width":120,"height":11}},{"id":"f507355f-570f-4700-98f2-5b246da56159","block_type":"box","text":"Sold JPY, Bought GBP 32,650 for settlement on","page_number":86,"box":{"x":230,"y":589,"width":359,"height":11}},{"id":"7dd035f8-50da-4658-b2d7-7f91567d8b6d","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":603,"width":83,"height":9}},{"id":"58bbed87-5342-4423-9ccd-b4179eae9449","block_type":"box","text":"368","page_number":86,"box":{"x":773,"y":603,"width":26,"height":9}},{"id":"e023cedc-9d7b-437b-95f4-35ff42deb580","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":608,"width":9,"height":1}},{"id":"ae4c0774-30f2-4476-a9d8-72c4d1938aff","block_type":"box","text":"JPY (5,594)","page_number":86,"box":{"x":108,"y":618,"width":87,"height":12}},{"id":"32b2e020-b4e9-42b0-81e9-07b3c62b2634","block_type":"box","text":"Sold JPY, Bought GBP 26 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":618,"width":409,"height":12}},{"id":"f52c7c83-6fa7-438c-9b9f-1b589ff2c0e8","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":624,"width":9,"height":0}},{"id":"1e53d885-6c94-4d33-bc60-e7c6e6304c23","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":624,"width":9,"height":0}},{"id":"4bb7434a-b8de-4790-a09c-981923d5d0da","block_type":"box","text":"JPY (45)","page_number":86,"box":{"x":131,"y":634,"width":64,"height":11}},{"id":"addb9840-8bdd-4275-8d3b-9055c1acf34b","block_type":"box","text":"Sold JPY, Bought GBP – for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":634,"width":400,"height":11}},{"id":"7ab04a73-11f5-40f6-901e-3dcd3adec973","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":639,"width":9,"height":1}},{"id":"b27a5c90-660a-4b79-986b-a8823655652a","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":639,"width":9,"height":1}},{"id":"75cb61f2-5f2e-4ab8-adb1-6cf943dc083a","block_type":"box","text":"JPY (319)","page_number":86,"box":{"x":122,"y":649,"width":73,"height":11}},{"id":"be8ea520-4e1b-4e4e-9a37-8ab43d8672b4","block_type":"box","text":"Sold JPY, Bought GBP 1 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":649,"width":400,"height":11}},{"id":"5deecad8-018b-467f-abd8-6877d1f54189","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":654,"width":9,"height":1}},{"id":"a0672f13-0631-433b-904e-a9c74f59942a","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":654,"width":9,"height":1}},{"id":"7e72c55f-f7de-4268-8029-55ad27cdb169","block_type":"box","text":"JPY (55,978)","page_number":86,"box":{"x":98,"y":664,"width":97,"height":12}},{"id":"1b040720-d82f-46c6-92a7-aa59f1a23c4f","block_type":"box","text":"Sold JPY, Bought GBP 260 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":664,"width":419,"height":12}},{"id":"93a0d84f-a53d-44c8-b924-fb6ead47c32d","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":670,"width":9,"height":0}},{"id":"2f30c9d5-541f-4749-bf51-5713232bcc7a","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":670,"width":9,"height":0}},{"id":"b2eaa8b7-68ff-4bb9-b047-b775851d2c5c","block_type":"box","text":"JPY (48,426)","page_number":86,"box":{"x":98,"y":680,"width":97,"height":11}},{"id":"1c6ba741-be71-4d65-97f4-180ab4f2f465","block_type":"box","text":"Sold JPY, Bought GBP 225 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":680,"width":419,"height":11}},{"id":"bd6d16c8-7a24-4732-9064-0bae3279c3d4","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":685,"width":9,"height":1}},{"id":"cf578808-4d33-4c98-9e5e-99674ebfac3d","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":685,"width":9,"height":1}},{"id":"1e30f364-c54d-4275-9817-ba16da59d021","block_type":"box","text":"JPY (517)","page_number":86,"box":{"x":122,"y":695,"width":73,"height":11}},{"id":"16466c0b-25a0-4872-b6fc-6bec90d93d73","block_type":"box","text":"Sold JPY, Bought GBP 2 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":695,"width":400,"height":11}},{"id":"66fb10af-8c6d-40df-a840-b9ed1ecaabbf","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":700,"width":9,"height":1}},{"id":"b575ef07-da63-4588-a110-4e538c4f6947","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":700,"width":9,"height":1}},{"id":"221ea7e5-3728-4722-a229-a5d8dff3b793","block_type":"box","text":"JPY (1,730)","page_number":86,"box":{"x":108,"y":710,"width":87,"height":12}},{"id":"7a3665cd-3cba-4f9b-a0e1-a7fbb71000d0","block_type":"box","text":"Sold JPY, Bought GBP 8 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":710,"width":400,"height":12}},{"id":"6dbf0b41-ae32-4790-b640-72642e994a4a","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":716,"width":9,"height":1}},{"id":"8cb28176-3bb6-4bd1-a2db-8272ba0cf9fb","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":716,"width":9,"height":1}},{"id":"0bf3c74d-3dc8-49bc-8085-347252e90df7","block_type":"box","text":"JPY (1,819,736)","page_number":86,"box":{"x":75,"y":726,"width":120,"height":11}},{"id":"651e1b33-2dda-4dfe-83e4-8a04785702a0","block_type":"box","text":"Sold JPY, Bought GBP 8,492 for settlement on","page_number":86,"box":{"x":230,"y":726,"width":343,"height":11}},{"id":"92cd3eda-616b-4d21-bd14-3b7b1a5f9b75","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":740,"width":83,"height":9}},{"id":"fb325165-4fe0-4d66-8eae-edbc56403298","block_type":"box","text":"36","page_number":86,"box":{"x":782,"y":740,"width":17,"height":9}},{"id":"3caff8de-2236-441c-b08a-7abf59fb5ae5","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":745,"width":9,"height":1}},{"id":"35eda8c3-143b-499e-8b21-d6b485a606d8","block_type":"box","text":"JPY (383)","page_number":86,"box":{"x":122,"y":755,"width":73,"height":12}},{"id":"e22bf177-63bc-4923-82d4-0911b4244c5a","block_type":"box","text":"Sold JPY, Bought GBP 2 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":755,"width":400,"height":12}},{"id":"8b871de1-285e-4a80-9d98-1ffdb0e295d8","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":761,"width":9,"height":1}},{"id":"85b112a8-531b-491e-b49f-a04aae7b2828","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":761,"width":9,"height":1}},{"id":"9b1c5fd7-29a1-416e-84fa-ddc84a9ce418","block_type":"box","text":"JPY (14,159)","page_number":86,"box":{"x":98,"y":771,"width":97,"height":11}},{"id":"1d8cc216-ce31-45ec-a1ca-66ca72413a68","block_type":"box","text":"Sold JPY, Bought GBP 67 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":771,"width":409,"height":11}},{"id":"c5541ac4-ab20-4025-a909-bf6f8fb79104","block_type":"box","text":"1","page_number":86,"box":{"x":793,"y":771,"width":4,"height":9}},{"id":"85e98c3e-e4b4-4f64-be2c-cd9b1547b8a8","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":776,"width":9,"height":1}},{"id":"2ae197f8-eb00-40be-84e1-187ddd9339f6","block_type":"box","text":"JPY (1,790)","page_number":86,"box":{"x":108,"y":786,"width":87,"height":11}},{"id":"0beacf45-3590-444d-b284-d572fe5f85f6","block_type":"box","text":"Sold JPY, Bought GBP 8 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":786,"width":400,"height":11}},{"id":"bc6b351b-c923-49ee-be8c-082c908cea8f","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":791,"width":9,"height":1}},{"id":"f1c68166-9c53-43d2-9e51-0b2a3fd2df3f","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":791,"width":9,"height":1}},{"id":"e1637b04-6b32-4bc4-abc6-73e1d1f35b1f","block_type":"box","text":"JPY (4,934)","page_number":86,"box":{"x":108,"y":802,"width":87,"height":11}},{"id":"1ed81789-8405-4fc5-8390-e807a46161c6","block_type":"box","text":"Sold JPY, Bought GBP 23 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":802,"width":409,"height":11}},{"id":"d314720c-f8d0-401d-b3fa-55603a6d8cac","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":807,"width":9,"height":1}},{"id":"1d14b61b-7af2-4665-9cdb-244be4b7ba4c","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":807,"width":9,"height":1}},{"id":"cced397a-25f2-46d0-9bd0-b11a5091ff49","block_type":"box","text":"JPY (680,896)","page_number":86,"box":{"x":89,"y":817,"width":106,"height":11}},{"id":"a9f1bdfa-da59-4844-9fb0-989d8cd38ee9","block_type":"box","text":"Sold JPY, Bought GBP 3,177 for settlement on","page_number":86,"box":{"x":230,"y":817,"width":343,"height":11}},{"id":"b0e51444-4767-4b0e-8077-ffd064b70aaa","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":831,"width":83,"height":9}},{"id":"6acba04c-d83a-4c4c-a94f-7925b48cec19","block_type":"box","text":"14","page_number":86,"box":{"x":783,"y":831,"width":16,"height":9}},{"id":"215c0cd4-acfb-4d2d-b916-4e8c6f93ccd4","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":836,"width":9,"height":1}},{"id":"2d02160d-9932-4b35-b840-d2c32e6ff6fc","block_type":"box","text":"JPY (60,676,005)","page_number":86,"box":{"x":66,"y":846,"width":129,"height":12}},{"id":"131e22cc-406d-45f2-8a59-9443603c8b8c","block_type":"box","text":"Sold JPY, Bought GBP 285,141 for settlement on","page_number":86,"box":{"x":230,"y":846,"width":368,"height":12}},{"id":"b42b6fe3-4e33-448f-a6aa-739ae9084409","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":861,"width":83,"height":9}},{"id":"a59c09af-46a7-419a-a60b-ca09c0880a5b","block_type":"box","text":"3,210","page_number":86,"box":{"x":759,"y":861,"width":40,"height":10}},{"id":"04727761-932c-4a5e-9f29-89d936ca0e63","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":866,"width":9,"height":1}},{"id":"61998bb4-1b28-4138-bc47-1f9a80644417","block_type":"box","text":"JPY (2,000)","page_number":86,"box":{"x":108,"y":876,"width":87,"height":11}},{"id":"4a15daa9-9b76-4eab-be18-f3c4c8a50e7a","block_type":"box","text":"Sold JPY, Bought GBP 9 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":876,"width":400,"height":11}},{"id":"d3a4ef6a-a068-40d5-b361-6b1bbaa0a51f","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":881,"width":9,"height":1}},{"id":"91980e2e-d950-4b47-a767-de400f4271e1","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":881,"width":9,"height":1}},{"id":"8171acb4-e8ba-4fdd-b8bb-18f56a05de0c","block_type":"box","text":"SGD (7)","page_number":86,"box":{"x":135,"y":891,"width":60,"height":12}},{"id":"1a078ead-8c4d-4f61-a6cb-b5723b6e7315","block_type":"box","text":"Sold SGD, Bought GBP 4 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":891,"width":408,"height":12}},{"id":"0cc806b3-4a8f-4248-81fa-13938f37299a","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":897,"width":9,"height":1}},{"id":"363cfea8-bc56-4ad3-825c-6702df45e760","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":897,"width":9,"height":1}},{"id":"e22a8f24-c5a7-4b32-813a-f7b8e94c3224","block_type":"box","text":"SGD (21)","page_number":86,"box":{"x":125,"y":907,"width":70,"height":11}},{"id":"abd01e33-e6ab-4130-a575-e243759cc3e8","block_type":"box","text":"Sold SGD, Bought GBP 13 for settlement on 24/07/2026","page_number":86,"box":{"x":230,"y":907,"width":417,"height":11}},{"id":"df1aa5fa-81cb-45c4-97fe-34929bfd8c3b","block_type":"box","text":"–","page_number":86,"box":{"x":791,"y":912,"width":9,"height":1}},{"id":"6432be2d-f5e2-4baf-96df-0583dc933f6c","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":912,"width":9,"height":1}},{"id":"19a1c24e-d82e-4fec-8f15-a329c166e402","block_type":"box","text":"SGD (89,732)","page_number":86,"box":{"x":93,"y":922,"width":102,"height":11}},{"id":"ca00a9c0-3865-4b55-9d15-5ec5a89a5591","block_type":"box","text":"Sold SGD, Bought GBP 52,623 for settlement on","page_number":86,"box":{"x":230,"y":922,"width":361,"height":11}},{"id":"ac66c8f2-771e-4808-bc53-fd298b83e50a","block_type":"box","text":"24/07/2026","page_number":86,"box":{"x":229,"y":936,"width":83,"height":9}},{"id":"a585f433-34ef-4c70-9dbd-333507f6ba9f","block_type":"box","text":"560","page_number":86,"box":{"x":773,"y":937,"width":26,"height":8}},{"id":"022d52df-b1f9-4707-80cc-eb5fb487b457","block_type":"box","text":"–","page_number":86,"box":{"x":948,"y":942,"width":9,"height":1}},{"id":"58cc6055-d02f-4ad2-9196-a2014d1ecef9","block_type":"box","text":"86","page_number":87,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"83dc6bb9-875f-4bea-8028-00cbaa843ea0","block_type":"box","text":"87","page_number":87,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"411b5d9b-bc73-44f5-8f8a-583ca06a708c","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":87,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"73f29f3b-6079-4af1-9853-7ee1ddd62fa8","block_type":"box","text":"Portfolio Statement (continued)","page_number":87,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"339a1504-e49d-4c1b-b598-2cae25a2273f","block_type":"box","text":"Holding","page_number":87,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"2d2b1d90-44c1-4a86-8011-84086304afdc","block_type":"box","text":"Investment","page_number":87,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"97ced3bf-5ba8-46b9-8c22-3681a08c454c","block_type":"box","text":"Market","page_number":87,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"8a698571-d456-497b-a1b1-23cd204d119a","block_type":"box","text":"Value","page_number":87,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"68016c67-852d-477d-b1d9-1a196c7747ff","block_type":"box","text":"£","page_number":87,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"33fbad00-4811-4c82-baf3-2d93bba507fa","block_type":"box","text":"% of","page_number":87,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"1d6ae572-a278-42f4-a903-721a9425e18e","block_type":"box","text":"Net Assets","page_number":87,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"87f20326-2e4a-496f-8e81-3678a263afb5","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":87,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"e4ad9368-c25d-4b6d-93e9-4fe237dd0a9e","block_type":"box","text":"SGD (269,305)","page_number":87,"box":{"x":83,"y":183,"width":112,"height":11}},{"id":"14c9ca86-11d6-4026-9749-dafb76ae2ed6","block_type":"box","text":"Sold SGD, Bought GBP 157,933 for settlement on","page_number":87,"box":{"x":230,"y":183,"width":376,"height":11}},{"id":"4e468f03-cdab-4235-997c-2aadc7178d6c","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"ef33660a-7002-4570-85d5-1972ee92a618","block_type":"box","text":"1,682","page_number":87,"box":{"x":760,"y":197,"width":39,"height":10}},{"id":"ab92d88c-2545-4fd5-ae36-7aa2d7e23338","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"81cb28b9-259d-488e-88c3-643b8692cb27","block_type":"box","text":"SGD (1,984)","page_number":87,"box":{"x":102,"y":212,"width":93,"height":12}},{"id":"5e8c3359-4102-4d1a-8d84-0a54527a904d","block_type":"box","text":"Sold SGD, Bought GBP 1,163 for settlement on","page_number":87,"box":{"x":230,"y":212,"width":357,"height":12}},{"id":"26f173f9-bbdc-4110-aa9a-ea7ed498256f","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"0b1cdbfc-b3b0-4e1b-962e-15d354fb2702","block_type":"box","text":"12","page_number":87,"box":{"x":783,"y":227,"width":16,"height":8}},{"id":"eaa5fc61-c744-41b8-b39e-a59a1f195acb","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"29fc6fe3-dfa8-4a6b-88b4-86a587548319","block_type":"box","text":"SGD (101,895)","page_number":87,"box":{"x":83,"y":242,"width":112,"height":11}},{"id":"be1d39e9-9fcf-4b30-bff4-29179d79eddf","block_type":"box","text":"Sold SGD, Bought GBP 59,756 for settlement on","page_number":87,"box":{"x":230,"y":242,"width":366,"height":11}},{"id":"64bd96fb-31f0-460d-80b2-2f7b719f8010","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"ed92aade-71bd-4f0c-ac7d-bda7633d03ed","block_type":"box","text":"636","page_number":87,"box":{"x":773,"y":256,"width":26,"height":9}},{"id":"6cbcf16d-966a-4f80-a71b-214f9661750a","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"219ead7f-13ee-49e2-8c98-0ae537679e39","block_type":"box","text":"SGD (10,275)","page_number":87,"box":{"x":93,"y":272,"width":102,"height":11}},{"id":"2f10415b-a7bc-4b64-9bb8-550aa675aeae","block_type":"box","text":"Sold SGD, Bought GBP 6,026 for settlement on","page_number":87,"box":{"x":230,"y":272,"width":357,"height":11}},{"id":"a3eb287d-aa9b-4f8e-b641-a30aacb044f2","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"f9f06539-b2c7-4ad5-b3f7-399e6bf9a633","block_type":"box","text":"64","page_number":87,"box":{"x":782,"y":286,"width":17,"height":9}},{"id":"07fa8759-ad61-49d9-971e-10d7c0813b35","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"b4b47dc4-298d-44de-b35a-16354162fcc3","block_type":"box","text":"SGD (2)","page_number":87,"box":{"x":135,"y":301,"width":60,"height":11}},{"id":"5e0c7b7c-8254-4215-b3ee-fabb3c68726f","block_type":"box","text":"Sold SGD, Bought GBP 1 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":301,"width":408,"height":11}},{"id":"a2c10951-b3ea-4402-9544-3fc5ae40d106","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":306,"width":9,"height":1}},{"id":"557efdf7-480b-4412-bfb2-95cfd2b400d4","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"f7c478ab-ebf1-4412-85d9-74733b96d675","block_type":"box","text":"SGD (33,785)","page_number":87,"box":{"x":93,"y":317,"width":102,"height":11}},{"id":"d849b815-cec2-4b58-9410-2227ae6ee73a","block_type":"box","text":"Sold SGD, Bought GBP 19,813 for settlement on","page_number":87,"box":{"x":230,"y":317,"width":366,"height":11}},{"id":"c942e677-361c-469d-a161-5bbeb493e6ff","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":331,"width":83,"height":9}},{"id":"2571e137-b355-4576-a7e9-92a800fdff5c","block_type":"box","text":"211","page_number":87,"box":{"x":774,"y":331,"width":23,"height":9}},{"id":"d74f9821-010d-48bb-8cdb-508056c5d49b","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":336,"width":9,"height":1}},{"id":"7c84563e-4b09-41d5-a961-261c35176f00","block_type":"box","text":"SGD (26,735)","page_number":87,"box":{"x":93,"y":346,"width":102,"height":11}},{"id":"6c5c8d91-7511-4146-82ee-22416dee904f","block_type":"box","text":"Sold SGD, Bought GBP 15,679 for settlement on","page_number":87,"box":{"x":230,"y":346,"width":366,"height":11}},{"id":"e3cbd883-303f-49bd-bcfa-e596c5c7653e","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":360,"width":83,"height":9}},{"id":"28d4f301-bc98-47a4-b4ac-008dfe0982c6","block_type":"box","text":"167","page_number":87,"box":{"x":774,"y":361,"width":25,"height":8}},{"id":"9f5fc160-df6f-43b7-9cef-7026a4ce4dee","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":366,"width":9,"height":1}},{"id":"dc976d5c-a333-40bd-babc-15e4ca26dffa","block_type":"box","text":"SGD 0","page_number":87,"box":{"x":146,"y":376,"width":49,"height":9}},{"id":"96cd3234-04b7-4ffa-b39e-9c8be3d97d1b","block_type":"box","text":"Sold SGD, Bought GBP – for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":376,"width":408,"height":11}},{"id":"4d0f46f0-afec-4dc0-9d61-fd9c2dbc1ee7","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":381,"width":9,"height":1}},{"id":"8fc33088-6dff-4be6-b476-d197dd1abb3e","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":381,"width":9,"height":1}},{"id":"39be2f83-a027-4062-aeda-36be2d898856","block_type":"box","text":"USD (19,730,201)","page_number":87,"box":{"x":62,"y":391,"width":133,"height":11}},{"id":"e9512a22-7a3b-4cbb-bb54-8ebd525cd93d","block_type":"box","text":"Sold USD, Bought GBP 14,926,703 for settlement on","page_number":87,"box":{"x":230,"y":391,"width":398,"height":11}},{"id":"7a4f4a8d-87e9-4f23-9b25-d3c0f8fc65fc","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":405,"width":83,"height":9}},{"id":"1aaf9f5f-2058-4e98-8f33-5a91f02136ed","block_type":"box","text":"155,742","page_number":87,"box":{"x":741,"y":406,"width":58,"height":10}},{"id":"536ea909-05f7-48a2-9266-96d7bd4aacc3","block_type":"box","text":"0.07","page_number":87,"box":{"x":925,"y":406,"width":31,"height":8}},{"id":"8276f130-220d-41aa-a88a-0e9bd90060c6","block_type":"box","text":"USD (57)","page_number":87,"box":{"x":127,"y":421,"width":68,"height":11}},{"id":"f9983126-b8cb-41d4-9fe3-0a7450a014d8","block_type":"box","text":"Sold USD, Bought GBP 43 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":421,"width":416,"height":11}},{"id":"9c593a93-11cf-4952-ba59-ad7c36ae3a5e","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":426,"width":9,"height":1}},{"id":"badceab8-eb04-4109-a315-5caa9b588240","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"552bc771-7f5e-4d55-abd0-dc3b3bc71837","block_type":"box","text":"USD (7,465,170)","page_number":87,"box":{"x":71,"y":436,"width":124,"height":11}},{"id":"ab5cd0d1-baea-449f-a839-e38ba042a96f","block_type":"box","text":"Sold USD, Bought GBP 5,647,706 for settlement on","page_number":87,"box":{"x":230,"y":436,"width":389,"height":11}},{"id":"87c4f98f-dad1-41be-8160-f5dda2e45b6f","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"9e7e1e41-6fa9-4524-862c-a7582d8c67e2","block_type":"box","text":"58,927","page_number":87,"box":{"x":749,"y":450,"width":50,"height":11}},{"id":"8e7d5621-855c-469d-9183-130b8599b65f","block_type":"box","text":"0.03","page_number":87,"box":{"x":925,"y":450,"width":31,"height":9}},{"id":"08b4c7fb-6dc8-4b3f-be02-acc5919fbcbc","block_type":"box","text":"USD (5,272)","page_number":87,"box":{"x":104,"y":466,"width":91,"height":11}},{"id":"082d14ef-d803-4d57-817e-846f7f492582","block_type":"box","text":"Sold USD, Bought GBP 3,975 for settlement on","page_number":87,"box":{"x":230,"y":466,"width":356,"height":11}},{"id":"3a292431-e5ca-4e76-a56b-b757b07945b2","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":480,"width":83,"height":9}},{"id":"b652b1fa-202d-453a-a1ed-0cba8df78ed0","block_type":"box","text":"28","page_number":87,"box":{"x":782,"y":480,"width":17,"height":9}},{"id":"42f5a406-3be8-4b22-a4fa-f4b6d4e599a2","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":485,"width":9,"height":1}},{"id":"33a6b9fa-65fe-432f-ac4b-8b20d146403f","block_type":"box","text":"USD (34)","page_number":87,"box":{"x":127,"y":495,"width":68,"height":12}},{"id":"edf10fff-6052-4151-a3a3-0a1b9c5cf8f3","block_type":"box","text":"Sold USD, Bought GBP 26 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":495,"width":416,"height":12}},{"id":"1f22aa83-5140-4877-bb4e-2ce202be26b3","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":501,"width":9,"height":0}},{"id":"c0b8df9a-e364-4d75-be87-ace173394513","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"8f8bfca4-9943-4bed-821c-6f0a62408059","block_type":"box","text":"USD (786,682)","page_number":87,"box":{"x":85,"y":511,"width":110,"height":11}},{"id":"81b5127c-ff8c-4757-915a-d278a9d18026","block_type":"box","text":"Sold USD, Bought GBP 593,733 for settlement on","page_number":87,"box":{"x":230,"y":511,"width":375,"height":11}},{"id":"0f067bf4-4a1e-49b6-b05a-9f06cf634453","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"0f486ce6-dbdd-4fdc-aaeb-19c2bdef2613","block_type":"box","text":"4,785","page_number":87,"box":{"x":758,"y":525,"width":41,"height":10}},{"id":"0dbadeb7-f898-4d50-bbfc-ca79e1de496a","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"39e5f243-36e1-49aa-baa8-9b129d2d9004","block_type":"box","text":"USD (2)","page_number":87,"box":{"x":136,"y":540,"width":59,"height":12}},{"id":"9c1ed33d-c0c6-4687-9939-6faed6229bba","block_type":"box","text":"Sold USD, Bought GBP 2 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":540,"width":407,"height":12}},{"id":"62321b3b-d5ba-4b37-8e37-af6c2fa36426","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":546,"width":9,"height":0}},{"id":"9cbb10d6-d157-4397-ba39-2ac9672712a4","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":546,"width":9,"height":0}},{"id":"6c3aa6aa-df3a-497a-9bca-804125ccbbaa","block_type":"box","text":"USD (644)","page_number":87,"box":{"x":118,"y":556,"width":77,"height":11}},{"id":"736dff47-2252-4448-8ef7-72adad170a6b","block_type":"box","text":"Sold USD, Bought GBP 482 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":556,"width":425,"height":11}},{"id":"ed53c66c-32cf-43c9-8d16-6f640c9647bd","block_type":"box","text":"(1)","page_number":87,"box":{"x":781,"y":556,"width":19,"height":11}},{"id":"c80ca872-677c-4f8f-8785-0e633d27d1c1","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":561,"width":9,"height":1}},{"id":"f774e315-adc8-4454-9571-199225c80fe3","block_type":"box","text":"USD (261,699)","page_number":87,"box":{"x":85,"y":571,"width":110,"height":11}},{"id":"016f957e-ad86-44f2-9e06-1a67592910af","block_type":"box","text":"Sold USD, Bought GBP 197,512 for settlement on","page_number":87,"box":{"x":230,"y":571,"width":375,"height":11}},{"id":"dd7530ac-54cd-4312-bde9-61f09d0d6d84","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":585,"width":83,"height":9}},{"id":"cdbfb723-f631-44cf-9869-cb386b47830b","block_type":"box","text":"1,592","page_number":87,"box":{"x":760,"y":585,"width":39,"height":11}},{"id":"b75208dd-f86e-4eec-854d-24358d5aaa9f","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":591,"width":9,"height":0}},{"id":"5fe0ed96-f591-42f2-b8c2-c4f95211a609","block_type":"box","text":"USD (42)","page_number":87,"box":{"x":127,"y":601,"width":68,"height":11}},{"id":"765ad5c4-1195-4c24-be40-e24a777d1a1c","block_type":"box","text":"Sold USD, Bought GBP 32 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":601,"width":416,"height":11}},{"id":"082db0c8-1767-4628-a134-8b751be92475","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":606,"width":9,"height":1}},{"id":"5cd2fcc0-89f2-4414-810c-1aec2b521461","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":606,"width":9,"height":1}},{"id":"8a118ca8-7bd3-43f9-bcfb-5e6a694071e8","block_type":"box","text":"USD (77,960)","page_number":87,"box":{"x":94,"y":616,"width":101,"height":11}},{"id":"e5f00c12-1940-4daa-af05-6272e619d36b","block_type":"box","text":"Sold USD, Bought GBP 58,839 for settlement on","page_number":87,"box":{"x":230,"y":616,"width":365,"height":11}},{"id":"ad8ec87d-917d-419e-a5ac-0d2d73b486d1","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":630,"width":83,"height":9}},{"id":"6e81b6ec-6837-4023-9f51-c8fb0be118fb","block_type":"box","text":"474","page_number":87,"box":{"x":772,"y":630,"width":27,"height":9}},{"id":"7bab96a4-4df5-4267-81a2-c4aecff5b6ba","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":636,"width":9,"height":0}},{"id":"6f225331-fe09-4acf-a4b6-a53e50b3da57","block_type":"box","text":"USD (194)","page_number":87,"box":{"x":118,"y":646,"width":77,"height":11}},{"id":"88b57164-3791-4498-b16b-ce2213ce66a7","block_type":"box","text":"Sold USD, Bought GBP 146 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":646,"width":425,"height":11}},{"id":"0312f35c-74f0-4c2c-9132-93b8a248a81e","block_type":"box","text":"1","page_number":87,"box":{"x":793,"y":646,"width":4,"height":8}},{"id":"7fa24d5c-d25d-42fa-8c2a-56a2d51989dc","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":651,"width":9,"height":1}},{"id":"8a9bdd2d-c45a-43a7-a40e-53de94116b9f","block_type":"box","text":"USD (1,958,710)","page_number":87,"box":{"x":71,"y":661,"width":124,"height":11}},{"id":"3d73c843-4dcf-4cb0-9dcd-4235dc95ba77","block_type":"box","text":"Sold USD, Bought GBP 1,481,844 for settlement on","page_number":87,"box":{"x":230,"y":661,"width":389,"height":11}},{"id":"83a07222-574c-4c46-bc1f-27fa2a460c58","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":675,"width":83,"height":9}},{"id":"ca4365c5-2997-4c70-8790-20269e354237","block_type":"box","text":"15,461","page_number":87,"box":{"x":751,"y":675,"width":46,"height":11}},{"id":"5427af8b-6828-4f35-bf3f-d252dcf10de1","block_type":"box","text":"0.01","page_number":87,"box":{"x":925,"y":676,"width":29,"height":8}},{"id":"4b8e5b39-800a-4205-a928-60d9a2748f18","block_type":"box","text":"USD (533)","page_number":87,"box":{"x":118,"y":691,"width":77,"height":11}},{"id":"f718fdae-467b-492b-8aa7-d8a10b4880e3","block_type":"box","text":"Sold USD, Bought GBP 403 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":691,"width":425,"height":11}},{"id":"71be1782-1f3f-4e9d-ba59-0449665e0b8b","block_type":"box","text":"4","page_number":87,"box":{"x":791,"y":691,"width":8,"height":8}},{"id":"f0dfb9dd-b50d-4768-9e77-d636286b100f","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":696,"width":9,"height":1}},{"id":"a656ed15-2c7c-4391-bfb3-5f4ea5d1f8e7","block_type":"box","text":"USD (67,423)","page_number":87,"box":{"x":94,"y":706,"width":101,"height":11}},{"id":"a2a02ce3-3770-4720-93c5-3dda3d07d45e","block_type":"box","text":"Sold USD, Bought GBP 50,470 for settlement on","page_number":87,"box":{"x":230,"y":706,"width":360,"height":11}},{"id":"6d05e6ac-8a95-415c-a114-7725c7a7f239","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":720,"width":83,"height":9}},{"id":"fc59e762-983a-4375-bf33-d31f958676a3","block_type":"box","text":"(21)","page_number":87,"box":{"x":771,"y":720,"width":29,"height":12}},{"id":"f5b323c6-d751-4085-9524-73d83b685239","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":726,"width":9,"height":0}},{"id":"a45b8f11-7399-45be-b245-41a8388629bb","block_type":"box","text":"USD (47)","page_number":87,"box":{"x":127,"y":736,"width":68,"height":11}},{"id":"502bfe65-afb2-40da-8c2e-05641f052d9f","block_type":"box","text":"Sold USD, Bought GBP 35 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":736,"width":416,"height":11}},{"id":"fa66ad05-5f20-4247-81cb-bc827156d2bf","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":741,"width":9,"height":1}},{"id":"7c43fb44-1ec4-41ee-9770-1256975bcd6b","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":741,"width":9,"height":1}},{"id":"480c7a4b-7edb-4a59-9b51-9d8c9faabee4","block_type":"box","text":"USD (69)","page_number":87,"box":{"x":127,"y":751,"width":68,"height":11}},{"id":"01d75575-4188-4411-9261-a6afd72e78aa","block_type":"box","text":"Sold USD, Bought GBP 51 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":751,"width":416,"height":11}},{"id":"159eb578-22c0-4fd7-ac45-1c75b266ded4","block_type":"box","text":"–","page_number":87,"box":{"x":791,"y":756,"width":9,"height":1}},{"id":"733d4ce7-3d75-4c88-9f79-f0f7c303f43d","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":756,"width":9,"height":1}},{"id":"32129d6b-657c-46b6-8deb-eb3f369264bb","block_type":"box","text":"USD (100)","page_number":87,"box":{"x":118,"y":766,"width":77,"height":12}},{"id":"2f33db78-31e6-4d0c-b93c-b3a3fab088fe","block_type":"box","text":"Sold USD, Bought GBP 75 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":766,"width":416,"height":12}},{"id":"8394c8d0-f7d6-438c-89de-2318609d2899","block_type":"box","text":"1","page_number":87,"box":{"x":793,"y":767,"width":4,"height":8}},{"id":"16124477-c824-48fc-b11b-65b9a6021066","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":772,"width":9,"height":0}},{"id":"fe774573-b7c3-49d2-991e-4fb7e7e7d55e","block_type":"box","text":"USD (29,925)","page_number":87,"box":{"x":94,"y":782,"width":101,"height":11}},{"id":"b10a28c9-f0ad-4b78-94bc-e1967ef6de70","block_type":"box","text":"Sold USD, Bought GBP 22,586 for settlement on","page_number":87,"box":{"x":230,"y":782,"width":360,"height":11}},{"id":"e22f46c3-40b6-41e1-b7cb-5ed28b88320d","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":796,"width":83,"height":9}},{"id":"cba18117-5cfd-4ffc-8a4b-e022c571b3f5","block_type":"box","text":"182","page_number":87,"box":{"x":774,"y":796,"width":25,"height":9}},{"id":"17a68ee0-1db7-4759-a1ad-c2e2fd615da9","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":801,"width":9,"height":1}},{"id":"38a70dec-11cf-4854-b611-90bd42d07316","block_type":"box","text":"USD (178,109)","page_number":87,"box":{"x":85,"y":811,"width":110,"height":12}},{"id":"a687f80d-d22f-4543-9147-4f945e17bc32","block_type":"box","text":"Sold USD, Bought GBP 133,325 for settlement on","page_number":87,"box":{"x":230,"y":811,"width":369,"height":12}},{"id":"8e3a48fc-3ddc-40c3-95fa-73d6ae4b3bd1","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":826,"width":83,"height":9}},{"id":"a844ff9d-c53c-4bb8-8a78-c7af2ee027ef","block_type":"box","text":"(57)","page_number":87,"box":{"x":771,"y":826,"width":29,"height":11}},{"id":"9e91d197-9fc6-417d-9eac-6bd40cb66f5a","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":831,"width":9,"height":1}},{"id":"c1e27274-b943-4436-a04f-7be3138e1cee","block_type":"box","text":"USD (3,946)","page_number":87,"box":{"x":104,"y":841,"width":91,"height":11}},{"id":"f7a2545b-b8e2-493e-b655-87af3d3ed105","block_type":"box","text":"Sold USD, Bought GBP 2,954 for settlement on","page_number":87,"box":{"x":230,"y":841,"width":356,"height":11}},{"id":"c9b06adf-70d1-438e-ac7b-abb671aad348","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":855,"width":83,"height":9}},{"id":"8bc772a0-89c0-49ce-ad8e-3aa57525b693","block_type":"box","text":"(1)","page_number":87,"box":{"x":781,"y":855,"width":19,"height":11}},{"id":"ebe5289b-2bf4-4305-8286-f42bdebbfc7d","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":860,"width":9,"height":1}},{"id":"1ce32292-0b0b-4157-840e-feebb8437587","block_type":"box","text":"USD (2,475,211)","page_number":87,"box":{"x":72,"y":871,"width":123,"height":11}},{"id":"51124c8b-22d8-4f54-931b-b19d9f4d9a2d","block_type":"box","text":"Sold USD, Bought GBP 1,872,598 for settlement on","page_number":87,"box":{"x":230,"y":871,"width":389,"height":11}},{"id":"2bc00eba-1258-4e24-9486-d0aa15d6452b","block_type":"box","text":"24/07/2026","page_number":87,"box":{"x":229,"y":885,"width":83,"height":9}},{"id":"b3a6a763-495a-4cba-8be2-15221aa43308","block_type":"box","text":"19,538","page_number":87,"box":{"x":751,"y":885,"width":48,"height":10}},{"id":"b186159c-93fb-4b1d-9702-30a5b8dc42a4","block_type":"box","text":"0.01","page_number":87,"box":{"x":925,"y":885,"width":29,"height":9}},{"id":"667ad58d-e378-4014-b3b7-4284845b0dd6","block_type":"box","text":"USD (270)","page_number":87,"box":{"x":118,"y":900,"width":77,"height":11}},{"id":"d5e4562e-c91b-4e50-8a5d-993ed74e275a","block_type":"box","text":"Sold USD, Bought GBP 204 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":900,"width":425,"height":11}},{"id":"f5aaa91d-0a86-493b-8064-f679794ba61e","block_type":"box","text":"2","page_number":87,"box":{"x":791,"y":900,"width":8,"height":9}},{"id":"09ba3c28-97d0-4e93-9cbc-81f11a9cd997","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":905,"width":9,"height":1}},{"id":"f1a4587c-9959-4b45-aeda-68313b2e953c","block_type":"box","text":"USD (109)","page_number":87,"box":{"x":118,"y":916,"width":77,"height":11}},{"id":"d8adff40-4d67-4f7a-ae4c-3ae60e91baac","block_type":"box","text":"Sold USD, Bought GBP 82 for settlement on 24/07/2026","page_number":87,"box":{"x":230,"y":916,"width":416,"height":11}},{"id":"625ae29e-3df2-44ea-a332-fd5403126cb3","block_type":"box","text":"1","page_number":87,"box":{"x":793,"y":916,"width":4,"height":8}},{"id":"7de5e7e9-c1ee-451a-81de-7f3703357298","block_type":"box","text":"–","page_number":87,"box":{"x":948,"y":921,"width":9,"height":1}},{"id":"b09e147e-41e6-475f-850f-27b629f6487c","block_type":"box","text":"87","page_number":88,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"ce03636e-676b-44aa-a91d-eedb8e68cc06","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":88,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"0b51bafb-6fd0-4c2a-82fe-3772e960d660","block_type":"box","text":"Portfolio Statement (continued)","page_number":88,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"d931d5a9-aad6-4db7-8d2e-a2e389f36732","block_type":"box","text":"Holding","page_number":88,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"4838b3be-6302-46c3-a565-0d933aec890a","block_type":"box","text":"Investment","page_number":88,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"c0e373b9-9c55-48c0-9d7b-8a99565cb894","block_type":"box","text":"Market","page_number":88,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"9768cd5b-7dc1-4776-b09d-76cd37f906c9","block_type":"box","text":"Value","page_number":88,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"e194f200-3ba2-4d39-9295-7b77e70064a6","block_type":"box","text":"£","page_number":88,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"222f171c-048b-4fc8-a33f-058ea269494a","block_type":"box","text":"% of","page_number":88,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"f6e4e114-8ed1-4c23-9c76-fe127e5f8d90","block_type":"box","text":"Net Assets","page_number":88,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"8751bd86-e212-473c-a76f-f9365d4b0dfc","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":88,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"662e6740-67c8-4783-ae1d-2f5283d0ed17","block_type":"box","text":"USD (98,450)","page_number":88,"box":{"x":94,"y":183,"width":101,"height":11}},{"id":"6ccca2d7-c49f-4e89-bfb7-1b6361d62b04","block_type":"box","text":"Sold USD, Bought GBP 74,303 for settlement on","page_number":88,"box":{"x":230,"y":183,"width":365,"height":11}},{"id":"a7244d30-f72e-4c7f-b652-98e9ecafb060","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"af57f100-15be-4e1d-abd1-e098c0eaafb0","block_type":"box","text":"599","page_number":88,"box":{"x":773,"y":197,"width":26,"height":9}},{"id":"7581ea4c-9dc6-4e08-9cb1-42bc27bfa794","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"34c8516a-295f-443f-9dfe-c80e9e42eec4","block_type":"box","text":"USD (73)","page_number":88,"box":{"x":127,"y":212,"width":68,"height":12}},{"id":"92923b9b-3552-41bd-b8f6-ccc791650830","block_type":"box","text":"Sold USD, Bought GBP 55 for settlement on 24/07/2026","page_number":88,"box":{"x":230,"y":212,"width":416,"height":12}},{"id":"6b330e5f-0f65-4eb3-9bb3-8fbb07829aed","block_type":"box","text":"1","page_number":88,"box":{"x":793,"y":213,"width":4,"height":8}},{"id":"31035bf3-e133-4909-95f8-2aa000d31861","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"570098e5-5378-4f0b-801b-38c261716e7c","block_type":"box","text":"USD (168)","page_number":88,"box":{"x":118,"y":228,"width":77,"height":11}},{"id":"a01481e7-cfae-4a9c-a0d2-0e3aa6091920","block_type":"box","text":"Sold USD, Bought GBP 128 for settlement on 24/07/2026","page_number":88,"box":{"x":230,"y":228,"width":425,"height":11}},{"id":"f8be7903-a5ac-4ffa-9548-38ddff6e1d84","block_type":"box","text":"2","page_number":88,"box":{"x":791,"y":228,"width":8,"height":8}},{"id":"8e8fb1dc-67b5-4211-ab14-24967c8a40f9","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"a23dd31e-f178-42d1-916c-79572f1a7c7e","block_type":"box","text":"USD (219)","page_number":88,"box":{"x":118,"y":243,"width":77,"height":11}},{"id":"03476fe4-a2a4-46d4-b30f-590849e688da","block_type":"box","text":"Sold USD, Bought GBP 166 for settlement on 24/07/2026","page_number":88,"box":{"x":230,"y":243,"width":425,"height":11}},{"id":"2bf5cbe2-be37-42f8-a94e-947824ba3822","block_type":"box","text":"2","page_number":88,"box":{"x":791,"y":243,"width":8,"height":9}},{"id":"d9f8f391-f9aa-4077-afde-32c108ca6c03","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"cc69276c-cabd-4012-a7c2-13d129db4a1d","block_type":"box","text":"USD (53,182)","page_number":88,"box":{"x":94,"y":258,"width":101,"height":12}},{"id":"1c3ee8a3-ba7a-4df7-9c5c-868976ffe798","block_type":"box","text":"Sold USD, Bought GBP 39,810 for settlement on","page_number":88,"box":{"x":230,"y":258,"width":365,"height":12}},{"id":"060100ce-cfde-4986-abd6-0bd145b8edc3","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":273,"width":83,"height":9}},{"id":"57739e6b-77cd-44c5-a34f-69c1b2dd9309","block_type":"box","text":"(17)","page_number":88,"box":{"x":771,"y":273,"width":29,"height":11}},{"id":"ba40f13b-bec9-4760-99c3-b7d5d699ed4b","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"045c0604-c2fe-4f40-ae58-598fb72a0264","block_type":"box","text":"USD (752,767)","page_number":88,"box":{"x":85,"y":288,"width":110,"height":11}},{"id":"46b45e85-0e77-43d2-a251-70970a907cbf","block_type":"box","text":"Sold USD, Bought GBP 569,499 for settlement on","page_number":88,"box":{"x":230,"y":288,"width":375,"height":11}},{"id":"623b07be-ce0b-4bc6-a750-4bb278492e5c","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":302,"width":83,"height":9}},{"id":"1f25e68b-6c98-4672-954f-0ffd15390eac","block_type":"box","text":"5,942","page_number":88,"box":{"x":759,"y":302,"width":40,"height":11}},{"id":"b81140e4-e452-4e23-97f3-629f9e8ad8db","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"d4fa7268-43bd-451b-9db5-91d54f78085b","block_type":"box","text":"USD (6,351)","page_number":88,"box":{"x":104,"y":318,"width":91,"height":11}},{"id":"a6204c20-086d-4838-b3b2-527af640552b","block_type":"box","text":"Sold USD, Bought GBP 4,759 for settlement on","page_number":88,"box":{"x":230,"y":318,"width":356,"height":11}},{"id":"97d93c59-01d3-46f3-9b9e-de32243b1e32","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":332,"width":83,"height":9}},{"id":"33152719-f0d1-48de-b503-bad3447f0cdf","block_type":"box","text":"2","page_number":88,"box":{"x":791,"y":332,"width":8,"height":9}},{"id":"3c9fa7c4-eab5-485d-adb8-2d927e040d38","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"526bbfb4-114a-4257-8a58-1d9b7d8e7627","block_type":"box","text":"USD (6,574,026)","page_number":88,"box":{"x":71,"y":347,"width":124,"height":12}},{"id":"d70c78d6-115a-48f0-bab0-541649fd9762","block_type":"box","text":"Sold USD, Bought GBP 4,973,519 for settlement on","page_number":88,"box":{"x":230,"y":347,"width":389,"height":12}},{"id":"b711f23e-5e83-4bce-967c-30849e1b888c","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":362,"width":83,"height":8}},{"id":"ec28589c-7d52-402d-ad6b-62c9c70f1844","block_type":"box","text":"51,893","page_number":88,"box":{"x":749,"y":362,"width":50,"height":10}},{"id":"691fcfe1-8f8e-4ea0-b79a-e01c0958c503","block_type":"box","text":"0.02","page_number":88,"box":{"x":925,"y":362,"width":31,"height":8}},{"id":"4cec54b5-a939-46ec-aa60-e28f0f7af113","block_type":"box","text":"USD (145,323)","page_number":88,"box":{"x":85,"y":377,"width":110,"height":11}},{"id":"9f864107-4252-435e-9397-61474da05156","block_type":"box","text":"Sold USD, Bought GBP 109,943 for settlement on","page_number":88,"box":{"x":230,"y":377,"width":375,"height":11}},{"id":"4300be06-4c22-4f18-b487-5508c9bc089e","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":391,"width":83,"height":9}},{"id":"98a3c6d6-738b-4527-8023-0f1d71721a4f","block_type":"box","text":"1,147","page_number":88,"box":{"x":760,"y":391,"width":39,"height":11}},{"id":"02c56487-528d-4b10-a1f1-4cf5138aef3b","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"8f9af5eb-e1d0-40d4-86e7-0165b86ae2ee","block_type":"box","text":"USD (1,597)","page_number":88,"box":{"x":104,"y":407,"width":91,"height":11}},{"id":"37497958-ec53-4eb1-af49-5ea59cdad474","block_type":"box","text":"Sold USD, Bought GBP 1,208 for settlement on","page_number":88,"box":{"x":230,"y":407,"width":356,"height":11}},{"id":"8509a9ca-1fb5-49c7-bb96-79b60e61cd96","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"b66dd509-b3e2-4d06-832e-58beaa6ee9a1","block_type":"box","text":"13","page_number":88,"box":{"x":783,"y":421,"width":16,"height":9}},{"id":"6794fce6-9fe7-4466-8033-8d928a2bb6b0","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"0e609e1d-5a55-4ac3-b266-35a886bc3f27","block_type":"box","text":"USD (5,784)","page_number":88,"box":{"x":104,"y":436,"width":91,"height":11}},{"id":"97dec105-a446-49ce-ac54-4ad8ccdb5efb","block_type":"box","text":"Sold USD, Bought GBP 4,365 for settlement on","page_number":88,"box":{"x":230,"y":436,"width":356,"height":11}},{"id":"fdeb5975-3b2a-4bb6-8990-94733525e189","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"03b456e7-ec8a-471c-8654-4556e47b1971","block_type":"box","text":"35","page_number":88,"box":{"x":782,"y":450,"width":17,"height":9}},{"id":"4fd60f2e-4f3d-48d6-bad4-4c5c7c96679a","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"6f9b80d2-9c01-44a1-b0b9-505f1581b7dd","block_type":"box","text":"USD (400)","page_number":88,"box":{"x":118,"y":466,"width":77,"height":11}},{"id":"df44ea83-5e74-4b10-8809-6c4e00ec5249","block_type":"box","text":"Sold USD, Bought GBP 302 for settlement on 24/07/2026","page_number":88,"box":{"x":230,"y":466,"width":425,"height":11}},{"id":"986bd4a0-72d3-4636-8d95-d20bc57f3f9f","block_type":"box","text":"3","page_number":88,"box":{"x":792,"y":466,"width":7,"height":9}},{"id":"74fd4095-2231-4b24-b39c-61a5907e9bd1","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":471,"width":9,"height":1}},{"id":"5c4ed730-47ec-4850-bc1c-bc8eee30e4d3","block_type":"box","text":"USD (204,424)","page_number":88,"box":{"x":85,"y":481,"width":110,"height":11}},{"id":"5777a24e-8c88-4846-b840-c558fa24cea7","block_type":"box","text":"Sold USD, Bought GBP 153,024 for settlement on","page_number":88,"box":{"x":230,"y":481,"width":375,"height":11}},{"id":"34682bf3-1481-46bb-afdd-7d8bb3e9afe3","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":495,"width":83,"height":9}},{"id":"f9baddde-eac4-4209-a265-e8951619ec83","block_type":"box","text":"(65)","page_number":88,"box":{"x":771,"y":495,"width":29,"height":12}},{"id":"30734d91-eb29-4954-86ea-d47c8939bdd6","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"0e5b39fd-6189-4c73-a8e0-b3527238c85a","block_type":"box","text":"USD (540,287)","page_number":88,"box":{"x":85,"y":511,"width":110,"height":11}},{"id":"5ef7bc31-bbdf-48b5-bef2-8196d60a47dd","block_type":"box","text":"Sold USD, Bought GBP 404,436 for settlement on","page_number":88,"box":{"x":230,"y":511,"width":375,"height":11}},{"id":"80b884ef-2316-47d4-9ee5-9e5a731e5468","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"0cc49637-8791-486e-9de0-1bb73492db59","block_type":"box","text":"(172)","page_number":88,"box":{"x":762,"y":525,"width":38,"height":11}},{"id":"185c8424-9bea-4a9a-a49d-0ba7ccc5927d","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"f3e569fb-659e-4226-82ff-485115a0ed69","block_type":"box","text":"USD (20,320)","page_number":88,"box":{"x":94,"y":540,"width":101,"height":12}},{"id":"00964bff-c508-4c0f-956a-7721782bcde6","block_type":"box","text":"Sold USD, Bought GBP 15,210 for settlement on","page_number":88,"box":{"x":230,"y":540,"width":365,"height":12}},{"id":"67dee90c-2e63-44ac-9912-92366cf21371","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":555,"width":83,"height":9}},{"id":"ad548161-109f-4f1d-8adb-52deeb28eec8","block_type":"box","text":"(6)","page_number":88,"box":{"x":781,"y":555,"width":19,"height":11}},{"id":"59ab10d6-481f-4c9e-9e26-f5a332bd6f77","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":560,"width":9,"height":1}},{"id":"095dd525-29f0-48b1-b5fe-e3707c4a2990","block_type":"box","text":"USD (5)","page_number":88,"box":{"x":136,"y":570,"width":59,"height":11}},{"id":"9191ae76-231c-498b-a3b4-e560f887f823","block_type":"box","text":"Sold USD, Bought GBP 4 for settlement on 24/07/2026","page_number":88,"box":{"x":230,"y":570,"width":407,"height":11}},{"id":"05aa968e-0003-48dc-aab7-b2febb35b5e9","block_type":"box","text":"–","page_number":88,"box":{"x":791,"y":575,"width":9,"height":1}},{"id":"97923189-b1ea-4aa3-b764-32f532df18e8","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":575,"width":9,"height":1}},{"id":"33ccb534-c993-4767-ad37-96e7c0dd65d7","block_type":"box","text":"USD (297,651)","page_number":88,"box":{"x":85,"y":585,"width":110,"height":12}},{"id":"780ba160-a505-4e8d-ae53-2c7237cb2329","block_type":"box","text":"Sold USD, Bought GBP 224,646 for settlement on","page_number":88,"box":{"x":230,"y":585,"width":375,"height":12}},{"id":"f77c4634-7cbf-4ce0-8f79-52109b4e7201","block_type":"box","text":"24/07/2026","page_number":88,"box":{"x":229,"y":600,"width":83,"height":9}},{"id":"d68f9eee-f5a0-4f5e-821e-ed29bcf4bc9d","block_type":"box","text":"1,811","page_number":88,"box":{"x":761,"y":600,"width":36,"height":10}},{"id":"be34a4a2-f944-4005-9357-19f0011e96dc","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":605,"width":9,"height":1}},{"id":"47151a3e-a494-4441-b39d-6c5a591c7a92","block_type":"box","text":"USD (200)","page_number":88,"box":{"x":118,"y":615,"width":77,"height":11}},{"id":"2478423e-2cfc-4048-aa2b-ee150a8320f7","block_type":"box","text":"Sold USD, Bought GBP 151 for settlement on 24/07/2026","page_number":88,"box":{"x":230,"y":615,"width":425,"height":11}},{"id":"674f4264-5d94-4d54-8185-026d5b59e752","block_type":"box","text":"1","page_number":88,"box":{"x":793,"y":615,"width":4,"height":9}},{"id":"ea469235-baf1-485f-b7d0-ce111f83735b","block_type":"box","text":"–","page_number":88,"box":{"x":948,"y":620,"width":9,"height":1}},{"id":"ec02144e-0f58-43cc-94d4-a9f67bab0f13","block_type":"box","text":"470,402","page_number":88,"box":{"x":740,"y":633,"width":59,"height":10}},{"id":"ca8dac9f-013f-4a32-aea1-b6ab96018936","block_type":"box","text":"0.21","page_number":88,"box":{"x":925,"y":633,"width":29,"height":9}},{"id":"4b1c5bc8-663c-4207-ac11-d8a6e8b34092","block_type":"box","text":"Total Value of Investments 98.60%","page_number":88,"box":{"x":229,"y":673,"width":271,"height":9}},{"id":"92fcf16d-6890-45ee-b6ca-3e2b94235967","block_type":"box","text":"(31 December 2025 - 98.24%)","page_number":88,"box":{"x":230,"y":689,"width":228,"height":11}},{"id":"82b66951-f074-46af-bdde-4bc0863d5b8c","block_type":"box","text":"223,143,452","page_number":88,"box":{"x":707,"y":689,"width":92,"height":10}},{"id":"71106aa7-ac15-4f53-90b1-26c4df6aae33","block_type":"box","text":"98.60","page_number":88,"box":{"x":916,"y":689,"width":40,"height":9}},{"id":"c23391cb-7a04-4715-8de2-0ba79eea2e83","block_type":"box","text":"Net Other Assets","page_number":88,"box":{"x":230,"y":704,"width":134,"height":9}},{"id":"28c313cd-60da-4674-bbbf-a05edb1b1b73","block_type":"box","text":"3,175,923","page_number":88,"box":{"x":726,"y":704,"width":73,"height":10}},{"id":"585b5920-7696-4c4b-b2c6-f040529c3797","block_type":"box","text":"1.40","page_number":88,"box":{"x":926,"y":704,"width":30,"height":9}},{"id":"5ff38771-79cd-415f-8836-1f85007abaab","block_type":"box","text":"Net assets","page_number":88,"box":{"x":230,"y":722,"width":82,"height":9}},{"id":"005b6358-e0de-4463-9c1e-3be2dadc5128","block_type":"box","text":"226,319,375","page_number":88,"box":{"x":707,"y":722,"width":93,"height":11}},{"id":"d0099d68-b11d-495e-b3f9-0508ae659095","block_type":"box","text":"100.00","page_number":88,"box":{"x":907,"y":722,"width":49,"height":9}},{"id":"4eb813d8-87de-42ae-aa74-6cab47566195","block_type":"box","text":"All holdings are ordinary shares of stock and are listed on an official stock exchange unless otherwise stated.","page_number":88,"box":{"x":42,"y":759,"width":806,"height":11}},{"id":"a6f3d7e0-8d45-4890-b343-65f4f4666f32","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":88,"box":{"x":42,"y":788,"width":416,"height":9}},{"id":"563815c1-4715-4cd4-8e40-b0ce6b17e94f","block_type":"box","text":"Equities","page_number":88,"box":{"x":230,"y":803,"width":58,"height":11}},{"id":"4fda2a94-1821-4c4d-a248-ed2c53932020","block_type":"box","text":"222,673,050","page_number":88,"box":{"x":707,"y":803,"width":92,"height":11}},{"id":"4f28b371-96ee-450c-a265-8f14d91b4988","block_type":"box","text":"98.39","page_number":88,"box":{"x":916,"y":803,"width":40,"height":9}},{"id":"6c78177d-66b5-4937-9df6-746e1c44b859","block_type":"box","text":"Forward Currency Contracts","page_number":88,"box":{"x":230,"y":819,"width":209,"height":11}},{"id":"455e1bf7-92d9-44f4-a480-106d531eda16","block_type":"box","text":"470,402","page_number":88,"box":{"x":740,"y":819,"width":59,"height":10}},{"id":"0daddc35-8e69-41e3-8e51-7a31d9162d0b","block_type":"box","text":"0.21","page_number":88,"box":{"x":925,"y":819,"width":29,"height":9}},{"id":"09691079-7f99-4da1-9c2f-299ff050ec12","block_type":"box","text":"Net Other Assets","page_number":88,"box":{"x":230,"y":834,"width":125,"height":9}},{"id":"100ed5e9-13d7-4d7a-a816-e4fd5f757144","block_type":"box","text":"3,175,923","page_number":88,"box":{"x":726,"y":834,"width":73,"height":10}},{"id":"d9f4cfe5-b579-4e21-9ec5-a286ec10a2da","block_type":"box","text":"1.40","page_number":88,"box":{"x":926,"y":834,"width":30,"height":9}},{"id":"79880f00-4299-4922-a933-71a9cac96233","block_type":"box","text":"226,319,375","page_number":88,"box":{"x":707,"y":852,"width":93,"height":11}},{"id":"b4d70dc9-254e-451b-87fc-e4729cfd238c","block_type":"box","text":"100.00","page_number":88,"box":{"x":907,"y":852,"width":49,"height":9}},{"id":"6388ac9b-1ba7-4cfb-b934-1c9bcea2021b","block_type":"box","text":"88","page_number":89,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"eb2eb535-503c-400f-bb4b-55c5710948bb","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":89,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"b0ae009c-1ccc-44be-8bdf-8e89a03ca90b","block_type":"box","text":"Statement of Total Return","page_number":89,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"89db0370-e834-4fb3-868a-cc7954d499b8","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":89,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"9fa06ec3-e046-4243-ae61-cc4e22b67635","block_type":"box","text":"03.07.2026","page_number":89,"box":{"x":639,"y":125,"width":66,"height":7}},{"id":"4a80ad94-d952-4ea7-85e5-8eb5b6ae8267","block_type":"box","text":"1","page_number":89,"box":{"x":706,"y":125,"width":3,"height":4}},{"id":"a0ea9416-22ca-4217-bb42-6ce4e9e65acd","block_type":"box","text":"30.06.2025","page_number":89,"box":{"x":890,"y":125,"width":67,"height":7}},{"id":"01af91c0-ce57-4e9d-89ce-56e9ed94262a","block_type":"box","text":"£","page_number":89,"box":{"x":579,"y":140,"width":7,"height":7}},{"id":"cf78981c-062b-423c-a723-2adf24e87dfd","block_type":"box","text":"£","page_number":89,"box":{"x":702,"y":140,"width":8,"height":7}},{"id":"82fda51c-00f7-4cae-80c1-9b55981c78d3","block_type":"box","text":"£","page_number":89,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"c281f6fc-8a4c-4b76-a7b0-91d867f9be53","block_type":"box","text":"£","page_number":89,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"cdc425da-a443-42a2-9b32-03478c65de9e","block_type":"box","text":"Income","page_number":89,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"976e6129-c948-4947-b6d8-621f558f7338","block_type":"box","text":"Net capital gains/(losses)","page_number":89,"box":{"x":55,"y":193,"width":186,"height":12}},{"id":"e9ee2e55-03a2-48d1-b962-586a525564cd","block_type":"box","text":"12,248,815","page_number":89,"box":{"x":628,"y":193,"width":81,"height":11}},{"id":"cc6e05ab-0154-4d1d-a016-4348755bf1ed","block_type":"box","text":"(14,171,833)","page_number":89,"box":{"x":863,"y":193,"width":94,"height":12}},{"id":"0156c8ed-82b8-440d-94f2-73a2fa4bbfc7","block_type":"box","text":"Revenue","page_number":89,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"3fd480aa-a2cd-4b5f-85c4-d823695549f6","block_type":"box","text":"2,372,328","page_number":89,"box":{"x":512,"y":210,"width":73,"height":10}},{"id":"ee1f0309-1592-4aa9-b689-eca74b26ea26","block_type":"box","text":"2,511,612","page_number":89,"box":{"x":761,"y":210,"width":72,"height":10}},{"id":"07489777-b0ac-46e6-a1d4-35204f42fe98","block_type":"box","text":"Expenses","page_number":89,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"abb99f51-fc37-4f94-86ed-cad19ebb4ced","block_type":"box","text":"(649,762)","page_number":89,"box":{"x":515,"y":225,"width":70,"height":12}},{"id":"cc3044bd-0ecc-4157-917c-467301fb139f","block_type":"box","text":"(1,424,412)","page_number":89,"box":{"x":749,"y":225,"width":84,"height":12}},{"id":"da24108d-227c-4130-b8c4-cf502f23380c","block_type":"box","text":"Interest payable and similar expenses","page_number":89,"box":{"x":43,"y":242,"width":280,"height":11}},{"id":"728fda5c-5af7-4bc1-b191-96b72a0e91df","block_type":"box","text":"(1,512)","page_number":89,"box":{"x":534,"y":242,"width":51,"height":11}},{"id":"dcc026e4-4260-4ea8-9f42-b476721e3d38","block_type":"box","text":"(746)","page_number":89,"box":{"x":795,"y":242,"width":38,"height":11}},{"id":"3bb637d4-6fe7-41dd-91e1-75f35b99dab2","block_type":"box","text":"Net revenue before taxation","page_number":89,"box":{"x":43,"y":262,"width":205,"height":9}},{"id":"2938088c-380d-44ff-b233-82f0d8200eaa","block_type":"box","text":"1,721,054","page_number":89,"box":{"x":513,"y":262,"width":72,"height":10}},{"id":"1f06ec77-c229-40ce-b6d4-1bca56db5f2d","block_type":"box","text":"1,086,454","page_number":89,"box":{"x":761,"y":262,"width":72,"height":10}},{"id":"a396a436-132e-4aa1-8caf-caa2e6f2a430","block_type":"box","text":"Taxation","page_number":89,"box":{"x":42,"y":278,"width":61,"height":9}},{"id":"507cd1e0-a355-41cc-a42b-2c8427437dd0","block_type":"box","text":"(217,822)","page_number":89,"box":{"x":515,"y":278,"width":70,"height":11}},{"id":"50f0c4d9-aff0-42b7-9392-cff1f8d58b97","block_type":"box","text":"(270,799)","page_number":89,"box":{"x":763,"y":278,"width":70,"height":11}},{"id":"dba983ac-ff6d-407a-8501-251cded8d90d","block_type":"box","text":"Net revenue after taxation for the period","page_number":89,"box":{"x":43,"y":294,"width":317,"height":11}},{"id":"2bc63db4-7b9d-4ef9-9e12-651f0fb297fb","block_type":"box","text":"1,503,232","page_number":89,"box":{"x":637,"y":294,"width":72,"height":11}},{"id":"c1ad4fd2-ca4c-4706-b347-b571bbc637ef","block_type":"box","text":"815,655","page_number":89,"box":{"x":897,"y":294,"width":59,"height":11}},{"id":"a4153906-039a-49d6-9bc3-b77e7f4ed12d","block_type":"box","text":"Total returns before distributions","page_number":89,"box":{"x":42,"y":315,"width":263,"height":8}},{"id":"fbc19fd2-ab76-4dd1-82a7-f7b1bcf89cde","block_type":"box","text":"13,752,047","page_number":89,"box":{"x":628,"y":315,"width":81,"height":10}},{"id":"c91f35c5-084b-4ddf-bcd8-ebb6230cea50","block_type":"box","text":"(13,356,178)","page_number":89,"box":{"x":863,"y":315,"width":94,"height":11}},{"id":"34b1c407-f707-438c-8e2b-85ae8daa3285","block_type":"box","text":"Distributions","page_number":89,"box":{"x":43,"y":331,"width":91,"height":8}},{"id":"94f5d48b-6ba7-4b44-bf8e-8f04b2a0136e","block_type":"box","text":"(2,123,885)","page_number":89,"box":{"x":625,"y":331,"width":84,"height":11}},{"id":"f03c50f6-e772-45f2-bdb5-ff7a5b60b98a","block_type":"box","text":"(2,212,287)","page_number":89,"box":{"x":872,"y":331,"width":85,"height":11}},{"id":"6ccd0ad8-f13e-448f-b517-c1e557b9b01b","block_type":"box","text":"Change in net assets attributable to","page_number":89,"box":{"x":43,"y":365,"width":288,"height":12}},{"id":"e2d75cc9-ae01-4c41-bdd8-d03869e09a28","block_type":"box","text":"shareholders from investment activities","page_number":89,"box":{"x":54,"y":380,"width":316,"height":8}},{"id":"0d33fba4-45dd-4fce-8c13-a6c654440d78","block_type":"box","text":"11,628,162","page_number":89,"box":{"x":629,"y":378,"width":80,"height":10}},{"id":"3e4eb64b-8ae5-44d2-91a6-3482c53096f0","block_type":"box","text":"(15,568,465)","page_number":89,"box":{"x":863,"y":378,"width":94,"height":11}},{"id":"bf5dae62-e9c1-42f3-aa5b-f1e5d5ea412f","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":89,"box":{"x":43,"y":422,"width":620,"height":14}},{"id":"92f1cc08-652c-4d27-b47e-271a71bbf982","block_type":"box","text":"For the period ended","page_number":89,"box":{"x":43,"y":438,"width":159,"height":11}},{"id":"4eb09e95-f35f-488a-b40e-e7e659e16571","block_type":"box","text":"3 July 2026","page_number":89,"box":{"x":203,"y":438,"width":85,"height":11}},{"id":"b37e0a05-dd51-4f59-b7f9-2af41972c458","block_type":"box","text":"(unaudited)","page_number":89,"box":{"x":288,"y":438,"width":89,"height":11}},{"id":"031db3c2-ca4f-4829-8d4b-4d6a4ade18dd","block_type":"box","text":"03.07","page_number":89,"box":{"x":636,"y":468,"width":32,"height":7}},{"id":"b9534e7e-16c7-4ce1-905e-262ace3baa19","block_type":"box","text":".2026","page_number":89,"box":{"x":670,"y":468,"width":32,"height":7}},{"id":"3c00b426-c343-4fb3-bf6a-e0e20a2bfd38","block_type":"box","text":"1","page_number":89,"box":{"x":703,"y":468,"width":2,"height":4}},{"id":"5847c93d-a98b-4894-83b0-2e5ffc5a2899","block_type":"box","text":"30.06.2025","page_number":89,"box":{"x":888,"y":468,"width":66,"height":7}},{"id":"58f8207d-c660-40d1-a8e7-64dc2312d826","block_type":"box","text":"£","page_number":89,"box":{"x":578,"y":483,"width":8,"height":7}},{"id":"d7809a86-0036-4f9a-a151-5aea150f0670","block_type":"box","text":"£","page_number":89,"box":{"x":699,"y":483,"width":7,"height":7}},{"id":"3c43700c-6016-4c42-92c3-c787ede80901","block_type":"box","text":"£","page_number":89,"box":{"x":826,"y":483,"width":7,"height":7}},{"id":"550f5605-c9bf-4116-86b8-1d96db2753f5","block_type":"box","text":"£","page_number":89,"box":{"x":947,"y":483,"width":7,"height":7}},{"id":"63a5d3b0-a8b4-4745-8554-0429c52dcf53","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":89,"box":{"x":43,"y":520,"width":380,"height":11}},{"id":"fb1752a6-0a45-4795-a248-7410911cea7e","block_type":"box","text":"2","page_number":89,"box":{"x":424,"y":520,"width":4,"height":5}},{"id":"3b463db3-6173-4ebc-946b-26ec03567a5d","block_type":"box","text":"268,393,668","page_number":89,"box":{"x":617,"y":520,"width":92,"height":11}},{"id":"76238090-85e3-463e-b43a-3b32b438fe7f","block_type":"box","text":"390,214,443","page_number":89,"box":{"x":864,"y":520,"width":92,"height":11}},{"id":"3ca54260-2544-4bb2-af7f-4b7fd8ee951c","block_type":"box","text":"Issue of shares","page_number":89,"box":{"x":43,"y":536,"width":112,"height":9}},{"id":"18dba44b-3250-48c0-ae0f-0ad7a73494aa","block_type":"box","text":"13,587,482","page_number":89,"box":{"x":500,"y":536,"width":81,"height":11}},{"id":"3d045690-fc28-4c21-8538-74177a150149","block_type":"box","text":"38,935,739","page_number":89,"box":{"x":746,"y":536,"width":83,"height":11}},{"id":"021c052e-9d85-45a5-afdb-ea3c8e914f41","block_type":"box","text":"Cancellation of shares","page_number":89,"box":{"x":43,"y":552,"width":164,"height":9}},{"id":"03e5759e-3bdb-4156-8200-b58093903c80","block_type":"box","text":"(67,945,386)","page_number":89,"box":{"x":494,"y":552,"width":91,"height":12}},{"id":"d8357c38-6b6d-4ae6-9f0f-3090f63c6d3f","block_type":"box","text":"(63,265,646)","page_number":89,"box":{"x":741,"y":552,"width":92,"height":12}},{"id":"3c848a80-b3a3-40de-9495-19b0822f9c3f","block_type":"box","text":"(54,357,904)","page_number":89,"box":{"x":615,"y":568,"width":94,"height":12}},{"id":"c3f28a36-32e7-4448-8354-f76c34e9f62f","block_type":"box","text":"(24,329,907)","page_number":89,"box":{"x":863,"y":568,"width":94,"height":12}},{"id":"d19bce7f-2b31-4499-9086-99407fc03832","block_type":"box","text":"Single swing price adjustment","page_number":89,"box":{"x":43,"y":584,"width":221,"height":12}},{"id":"72450a24-07fd-4469-8008-4d4abad80188","block_type":"box","text":"1,680","page_number":89,"box":{"x":669,"y":585,"width":40,"height":10}},{"id":"a731b1f7-da0c-4b83-9352-34ca1f5c89f3","block_type":"box","text":"–","page_number":89,"box":{"x":948,"y":590,"width":9,"height":1}},{"id":"d141a68a-6aca-4aff-ba76-981433adb64a","block_type":"box","text":"Change in net assets attributable to","page_number":89,"box":{"x":43,"y":599,"width":268,"height":11}},{"id":"5ce05bbd-7866-4e31-b153-6cddaaa3ad3f","block_type":"box","text":"shareholders from investment activities (see above)","page_number":89,"box":{"x":54,"y":615,"width":383,"height":11}},{"id":"7b6c4b3f-981d-46a8-a203-7a8f43534cef","block_type":"box","text":"11,628,162","page_number":89,"box":{"x":629,"y":615,"width":80,"height":10}},{"id":"271f8854-5218-4304-9f5e-c26a41f82d12","block_type":"box","text":"(15,568,465)","page_number":89,"box":{"x":863,"y":615,"width":94,"height":11}},{"id":"e542ae50-2669-474b-9d22-3dd9d8cfae8a","block_type":"box","text":"Retained distribution on accumulation shares","page_number":89,"box":{"x":43,"y":631,"width":333,"height":9}},{"id":"63f03f08-2204-42bc-a404-e216109e03e7","block_type":"box","text":"653,769","page_number":89,"box":{"x":649,"y":631,"width":60,"height":10}},{"id":"4d7fe796-b888-4b3b-86b0-667175cec725","block_type":"box","text":"778,790","page_number":89,"box":{"x":897,"y":631,"width":59,"height":10}},{"id":"dcf05aac-08d5-42bd-a52d-0798c5c85599","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":89,"box":{"x":43,"y":648,"width":373,"height":11}},{"id":"726ca11e-3433-4cc4-b1ef-05aae10dfa2c","block_type":"box","text":"226,319,375","page_number":89,"box":{"x":617,"y":646,"width":92,"height":11}},{"id":"22d9b191-cdde-4aba-881f-24e532157765","block_type":"box","text":"351,094,861","page_number":89,"box":{"x":864,"y":646,"width":90,"height":11}},{"id":"3e7589b7-9191-4e34-96ee-844e02188c6d","block_type":"box","text":"1","page_number":89,"box":{"x":43,"y":679,"width":2,"height":5}},{"id":"0cc455bd-be08-4baa-aa40-5af5fde70204","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":89,"box":{"x":48,"y":681,"width":908,"height":9}},{"id":"4207e93f-4dfc-44d4-9b06-1fef1673a0d6","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":89,"box":{"x":42,"y":693,"width":915,"height":9}},{"id":"4883023a-8b1a-4886-a62b-cfbeb21726a6","block_type":"box","text":"shareholders.","page_number":89,"box":{"x":42,"y":704,"width":80,"height":7}},{"id":"3cb40302-82da-4c18-b02c-9af4d28c5a94","block_type":"box","text":"2","page_number":89,"box":{"x":42,"y":716,"width":4,"height":4}},{"id":"c043ec25-e904-4518-b40f-786697c631e4","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to the closing comparative position by the change in shareholders’ net assets for the","page_number":89,"box":{"x":46,"y":716,"width":911,"height":9}},{"id":"fbc08cb1-022e-4e23-87eb-1c872cae03f4","block_type":"box","text":"second half of the comparative financial year.","page_number":89,"box":{"x":42,"y":727,"width":268,"height":9}},{"id":"1c4f01d3-d717-4a9d-b2d0-1029a461ed2b","block_type":"box","text":"89","page_number":90,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"dea95b26-b659-4c2f-b1e7-467f41c146d8","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":90,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"cc340a30-4c47-471e-8649-7a2a85accd93","block_type":"box","text":"Balance Sheet","page_number":90,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"86f03c00-ece8-42bb-af97-ec913e20a1eb","block_type":"box","text":"As at","page_number":90,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"60a2a3c5-53eb-4abc-a936-650f8b562101","block_type":"box","text":"3 July 2026 (unaudited)","page_number":90,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"f467a41e-9814-4a45-b144-9c5de5a9754d","block_type":"box","text":"03.07.2026","page_number":90,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"d8eefefc-d704-402e-b677-ca754b7f715e","block_type":"box","text":"1","page_number":90,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"cec7b663-2c61-4d78-aa84-e1ddac874f51","block_type":"box","text":"31.12.2025","page_number":90,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"ce326e2b-fc83-4c29-bf3f-bb2464d67325","block_type":"box","text":"£","page_number":90,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"83e06096-d396-47c3-9794-87d11c193bd9","block_type":"box","text":"£","page_number":90,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"ee446445-5d8a-4424-8288-0cc903a59b26","block_type":"box","text":"Assets","page_number":90,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"db1a476a-166a-4b1f-b5f4-c7cbbdff4d8a","block_type":"box","text":"Investments","page_number":90,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"3131ea2a-a444-4ac4-a18e-f795d7f44ed9","block_type":"box","text":"223,177,955","page_number":90,"box":{"x":626,"y":183,"width":92,"height":10}},{"id":"5e9ca29a-44c7-4d3b-8ab1-26b87e89dbdd","block_type":"box","text":"263,723,180","page_number":90,"box":{"x":864,"y":183,"width":92,"height":10}},{"id":"ebed4368-d987-4c5a-8f10-2f2a3258c28a","block_type":"box","text":"Amounts receivable","page_number":90,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"96518895-7d53-4f4f-9745-36e542be714b","block_type":"box","text":"1,391,876","page_number":90,"box":{"x":646,"y":199,"width":72,"height":10}},{"id":"2ed66964-5f98-4bdc-a619-acfdbe01acf1","block_type":"box","text":"378,319","page_number":90,"box":{"x":897,"y":199,"width":59,"height":10}},{"id":"81e3ab82-a700-4264-b4cc-ec66c6492ddc","block_type":"box","text":"Cash and cash equivalents","page_number":90,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"c9747a12-3a5c-4b54-9287-c6761316e67b","block_type":"box","text":"4,867,121","page_number":90,"box":{"x":645,"y":215,"width":71,"height":10}},{"id":"8bef4c18-b506-4464-b823-85c193e283db","block_type":"box","text":"5,555,278","page_number":90,"box":{"x":883,"y":215,"width":73,"height":10}},{"id":"38cdb2c3-7a34-40db-85fc-7f91f14631df","block_type":"box","text":"Total assets","page_number":90,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"a2847d3a-74ab-49b0-9565-2ed32209d5cd","block_type":"box","text":"229,436,952","page_number":90,"box":{"x":626,"y":232,"width":92,"height":10}},{"id":"5332b831-249b-4342-af77-d764935f12f7","block_type":"box","text":"269,656,777","page_number":90,"box":{"x":864,"y":232,"width":92,"height":10}},{"id":"65ab84e6-7ca3-4066-94e2-9b8e63158987","block_type":"box","text":"Liabilities","page_number":90,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"2f218e97-099a-45bc-97fe-b94be3a08cff","block_type":"box","text":"Investments","page_number":90,"box":{"x":55,"y":270,"width":89,"height":9}},{"id":"0fe985f9-d2d6-4c20-8e1c-ef25f0f42211","block_type":"box","text":"(34,503)","page_number":90,"box":{"x":658,"y":270,"width":61,"height":11}},{"id":"c12eb699-5a4e-413f-a86f-90174bd607fa","block_type":"box","text":"(52,262)","page_number":90,"box":{"x":896,"y":270,"width":61,"height":11}},{"id":"489c29ab-067b-4f76-9c05-022a4966f6ad","block_type":"box","text":"Distribution payable","page_number":90,"box":{"x":55,"y":286,"width":145,"height":11}},{"id":"f5719597-c8b0-42b0-8b7e-6937e6ed0131","block_type":"box","text":"(1,211,468)","page_number":90,"box":{"x":635,"y":286,"width":84,"height":11}},{"id":"de265fba-c308-4ae3-96cf-e129a46fd3bd","block_type":"box","text":"(665,340)","page_number":90,"box":{"x":886,"y":286,"width":71,"height":11}},{"id":"e796d01d-11dd-4161-8371-8b6d7868f299","block_type":"box","text":"Other amounts payable","page_number":90,"box":{"x":54,"y":302,"width":174,"height":11}},{"id":"f84fc374-64ec-49a3-9724-aad0a90913c1","block_type":"box","text":"(1,871,606)","page_number":90,"box":{"x":634,"y":302,"width":85,"height":11}},{"id":"85006fa6-b430-4134-bf3d-53e07279eb18","block_type":"box","text":"(545,507)","page_number":90,"box":{"x":886,"y":302,"width":71,"height":11}},{"id":"6e457028-d5b3-4fde-abfa-f45d8a178139","block_type":"box","text":"Total liabilities","page_number":90,"box":{"x":42,"y":319,"width":103,"height":9}},{"id":"5126e095-0656-41cd-897c-25ccc59017af","block_type":"box","text":"(3,117,577)","page_number":90,"box":{"x":635,"y":319,"width":84,"height":11}},{"id":"3ab95afa-2bfa-4494-9003-decb015d7206","block_type":"box","text":"(1,263,109)","page_number":90,"box":{"x":872,"y":319,"width":85,"height":11}},{"id":"aeaeb74c-502f-425d-98cf-e616767df726","block_type":"box","text":"Net assets attributable to shareholders","page_number":90,"box":{"x":43,"y":336,"width":309,"height":9}},{"id":"7d7319d2-3705-4e7d-b7c6-ef78e4575a3d","block_type":"box","text":"226,319,375","page_number":90,"box":{"x":626,"y":335,"width":92,"height":10}},{"id":"94f32605-04bb-4b1e-920b-7ffa3b4d734c","block_type":"box","text":"268,393,668","page_number":90,"box":{"x":864,"y":335,"width":92,"height":10}},{"id":"580b9b7d-f60c-4d98-b2c6-5e9d1a5f648f","block_type":"box","text":"1","page_number":90,"box":{"x":43,"y":368,"width":2,"height":4}},{"id":"106a0c62-f54a-4ae9-b67d-10e7521009ba","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":90,"box":{"x":46,"y":368,"width":910,"height":9}},{"id":"42951f07-dd55-4195-9f1d-6ee9cc55bfc0","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":90,"box":{"x":42,"y":379,"width":915,"height":9}},{"id":"0365d7f2-8d82-411d-adbc-bc494a9da35f","block_type":"box","text":"shareholders.","page_number":90,"box":{"x":42,"y":391,"width":80,"height":7}},{"id":"53dcf54f-d360-44c3-a09c-87830da4bd23","block_type":"box","text":"All items in the balance sheet above are current.","page_number":90,"box":{"x":42,"y":416,"width":358,"height":9}},{"id":"2dc278db-529c-4a9d-a97d-62bf2922f9ba","block_type":"box","text":"90","page_number":91,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"d60efe4e-f722-4966-ad74-78a10ccac9b6","block_type":"box","text":"91","page_number":91,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"cc450d34-f860-4088-8bba-83c4a8598cbe","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":91,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"883ef3ee-f3f5-45c8-bf40-d449b293aefe","block_type":"box","text":"Notes to the Financial Statements","page_number":91,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"d284d278-026a-42b0-ab68-d7b91447396b","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":91,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"d7a53f53-0f9d-4fcd-bf50-1deabf0da72a","block_type":"box","text":"1. Accounting Policies","page_number":91,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"a3af68fb-6359-466f-93c2-c71e7788b06f","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":91,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"5d245136-ff03-4149-a984-de24964a4cfa","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":91,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"89f1a979-231f-40ba-b76e-e09c45509c32","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":91,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"a8572193-e52c-4ea6-beeb-4f4d34c7f729","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":91,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"f3d69491-6f0c-4b4a-93c8-d3b2d6c8a01c","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":91,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"88cea2d8-5455-4317-b8f7-45630cbc5594","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":91,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"b898fc19-32cd-4c11-a8aa-cee4fcabb7fc","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":91,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"f28a812a-bf4f-475a-8728-410ee540f19c","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":91,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"2182c452-0061-4ae6-8437-046477d5586d","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":91,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"ab0e7ee4-b0cf-41a8-a9b3-655797ad8911","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":91,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"f0bb0387-d60b-43b2-8f37-9c89f3437ff5","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":91,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"b0891b0f-fb3b-4bf2-bee6-f9a76b4c5216","block_type":"box","text":"the current period.","page_number":91,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"47b11cb0-520d-4819-8c46-330d908e5097","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":91,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"77c3b35f-a67a-43c1-a717-081f0fe20558","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":91,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"42b639a3-c436-4b81-9c5a-16aa4c18e6bb","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":91,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"59b0cacd-4169-4606-b521-3764d0390ef1","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":91,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"743ee282-5604-4716-b79e-a9d28c3d1f0f","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":91,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"0a1df8b3-d445-424b-b215-511d1e09409b","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":91,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"27ae8f71-7acd-4140-9ede-275c83716f7f","block_type":"box","text":"2. Related Parties","page_number":91,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"d50b9565-a264-4b56-b39e-79509274fdac","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":91,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"19415225-62b8-47d5-a2f4-050ed0fdff08","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":91,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"bf8ae6d4-6c21-4aa9-80aa-b5829e095c22","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":91,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"bfbb9358-6c8d-46a2-8071-e1507be8bf80","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":91,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"ccb0520c-cbb9-4b77-9845-bdf76b87a7eb","block_type":"box","text":"page 88","page_number":91,"box":{"x":544,"y":513,"width":59,"height":11}},{"id":"d8bff215-3cf7-4df5-9fef-aec882a38b0c","block_type":"box","text":".","page_number":91,"box":{"x":605,"y":521,"width":2,"height":1}},{"id":"69f73895-d515-4808-be0f-41dcf7dedfab","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £94,851","page_number":91,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"d8240385-c7fb-45ea-8f87-fc3a743e8070","block_type":"box","text":"(31 December 2025: £96,858).","page_number":91,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"88d57aef-aa74-48b7-a7c4-9a49d95584a8","block_type":"box","text":"At the period end, Sarasin Responsible Global Equity held no shares in any other sub-fund or collective investment schemes","page_number":91,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"9fd4bacf-8f35-40f0-bb88-721e82491558","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":91,"box":{"x":43,"y":587,"width":693,"height":11}},{"id":"101d3f91-6ce7-45e8-937d-611e39f5a222","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 48.13% of the sub-fund on behalf of multiple beneficiaries","page_number":91,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"0026c332-fdd2-407d-94e3-d63371207d33","block_type":"box","text":"(31 December 2025: 45.60%).","page_number":91,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"0d62ac2f-f2c2-4db0-b795-707ccd262498","block_type":"box","text":"91","page_number":92,"box":{"x":491,"y":972,"width":15,"height":8}},{"id":"25df5919-7310-4b9b-9eeb-636e106284f5","block_type":"box","text":"SARASIN Responsible Global Equity","page_number":92,"box":{"x":43,"y":34,"width":352,"height":13}},{"id":"f7a6d142-ce4b-4c19-aecc-e0de77c79775","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":92,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"85321d7b-1e04-4513-bf4d-de34949db014","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":92,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"188661a0-c549-4220-b2ba-4b4dbf4731c5","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":92,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"eb6f465b-cf6d-4aea-bcf5-5592d32fc5b3","block_type":"box","text":"their fair value.","page_number":92,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"5fabfda4-de07-4bad-9fd7-9b9b749fb336","block_type":"box","text":"Valuation technique as","page_number":92,"box":{"x":44,"y":171,"width":145,"height":9}},{"id":"8f4180ff-6c11-48e9-9fb2-2cc91cae0827","block_type":"box","text":"at","page_number":92,"box":{"x":194,"y":172,"width":11,"height":6}},{"id":"ceb3dfd5-3a9b-4d0c-a324-3b89211e2a47","block_type":"box","text":"3 July 2026","page_number":92,"box":{"x":210,"y":171,"width":70,"height":9}},{"id":"fcd1901d-9f18-498e-b47d-5713ccfc0d8f","block_type":"box","text":"1","page_number":92,"box":{"x":282,"y":169,"width":3,"height":5}},{"id":"5c73f011-7787-4c9f-9989-05a8fc05e210","block_type":"box","text":"Financial Assets","page_number":92,"box":{"x":45,"y":197,"width":104,"height":7}},{"id":"181d9e27-02c4-4792-92f5-03634c1116db","block_type":"box","text":"Level 1","page_number":92,"box":{"x":563,"y":186,"width":42,"height":7}},{"id":"c306e908-b256-4f91-85b5-7b81d6c916cb","block_type":"box","text":"£","page_number":92,"box":{"x":600,"y":197,"width":7,"height":7}},{"id":"1a887c34-776c-4446-91ed-03aa8f81f6e2","block_type":"box","text":"Level 2","page_number":92,"box":{"x":679,"y":186,"width":44,"height":7}},{"id":"c88bc699-9fdf-4969-88c6-51e721893c10","block_type":"box","text":"£","page_number":92,"box":{"x":717,"y":197,"width":7,"height":7}},{"id":"17078422-0e2c-4da9-a32a-8264788510d8","block_type":"box","text":"Level 3","page_number":92,"box":{"x":796,"y":186,"width":44,"height":7}},{"id":"74aaa65c-5952-4584-a9e9-b1d82589b401","block_type":"box","text":"£","page_number":92,"box":{"x":833,"y":197,"width":7,"height":7}},{"id":"568dabc0-607a-4864-9067-74a26f329256","block_type":"box","text":"Total","page_number":92,"box":{"x":926,"y":186,"width":30,"height":7}},{"id":"e8e46978-430d-4489-8002-c7147a47b404","block_type":"box","text":"£","page_number":92,"box":{"x":950,"y":197,"width":7,"height":7}},{"id":"b7b53350-5a71-42c7-a655-5dddc2998f1a","block_type":"box","text":"Equities","page_number":92,"box":{"x":45,"y":215,"width":58,"height":11}},{"id":"cbcd9d95-dcab-4906-82b5-0ba1ee80cdac","block_type":"box","text":"222,673,050","page_number":92,"box":{"x":514,"y":215,"width":92,"height":11}},{"id":"b2297342-efe8-4d7b-818c-9ec3e47d178a","block_type":"box","text":"–","page_number":92,"box":{"x":715,"y":220,"width":9,"height":1}},{"id":"788d3bed-a420-4026-8d9c-cfae5db6bbed","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":220,"width":10,"height":1}},{"id":"1463436a-88ad-4e56-b89d-2f20837ea90b","block_type":"box","text":"222,673,050","page_number":92,"box":{"x":864,"y":215,"width":92,"height":11}},{"id":"8b95527e-cdef-4fe6-8e24-661b03792236","block_type":"box","text":"Forward Currency Contracts","page_number":92,"box":{"x":46,"y":231,"width":208,"height":11}},{"id":"0fc05ea1-9815-4ebd-8ce4-6468803568d2","block_type":"box","text":"–","page_number":92,"box":{"x":598,"y":236,"width":9,"height":1}},{"id":"331ea999-e960-40ff-ac30-cfb61d2acc5e","block_type":"box","text":"504,905","page_number":92,"box":{"x":664,"y":231,"width":59,"height":10}},{"id":"f0fe2fd7-655c-4ee1-97f8-8c70e7396102","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":236,"width":10,"height":1}},{"id":"8f02d5f9-1492-48a4-96f1-5e021b40ee44","block_type":"box","text":"504,905","page_number":92,"box":{"x":897,"y":231,"width":59,"height":10}},{"id":"025272fd-3ee5-419e-aac6-d1a07378dd0b","block_type":"box","text":"222,673,050","page_number":92,"box":{"x":514,"y":247,"width":92,"height":10}},{"id":"56650559-e2b4-4f95-9bd9-36b237daae63","block_type":"box","text":"504,905","page_number":92,"box":{"x":664,"y":247,"width":59,"height":10}},{"id":"b38ccde7-01e7-4ce3-9fd7-0d2385bdcbae","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":252,"width":10,"height":1}},{"id":"cdfb4924-3e05-4c53-b8d9-00b11c7681b5","block_type":"box","text":"223,177,955","page_number":92,"box":{"x":864,"y":247,"width":92,"height":10}},{"id":"52eef8a2-730e-4e3e-803b-4f47a1bc0e24","block_type":"box","text":"Financial Liabilities","page_number":92,"box":{"x":45,"y":279,"width":122,"height":7}},{"id":"9e570eba-115f-49f6-be2c-45e7fa8f625a","block_type":"box","text":"Forward Currency Contracts","page_number":92,"box":{"x":46,"y":297,"width":208,"height":11}},{"id":"ea926efc-ece5-4c3d-aff9-acbac9b0bb7c","block_type":"box","text":"–","page_number":92,"box":{"x":598,"y":302,"width":9,"height":1}},{"id":"d92b040b-eb7f-447d-bfa9-3212e54eb6ae","block_type":"box","text":"(34,503)","page_number":92,"box":{"x":662,"y":297,"width":61,"height":11}},{"id":"3bf1c37b-4d43-4c02-b94a-ffa665e493c0","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":302,"width":10,"height":1}},{"id":"84a4cbd7-b5fe-4fb2-94d5-8a87542a217e","block_type":"box","text":"(34,503)","page_number":92,"box":{"x":896,"y":297,"width":61,"height":11}},{"id":"1c18c56e-19bb-4cc6-b38e-c389f8ea994a","block_type":"box","text":"–","page_number":92,"box":{"x":598,"y":318,"width":9,"height":1}},{"id":"f810bf73-8de1-4297-90b6-c3b1f20d0bb9","block_type":"box","text":"(34,503)","page_number":92,"box":{"x":662,"y":313,"width":61,"height":11}},{"id":"39728227-467a-48c6-a31e-58af694c3557","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":318,"width":10,"height":1}},{"id":"f9f328d3-663a-402c-926b-7778ffe96f8c","block_type":"box","text":"(34,503)","page_number":92,"box":{"x":896,"y":313,"width":61,"height":11}},{"id":"09073860-b677-416f-aa4b-eaa4f288e4b1","block_type":"box","text":"Valuation technique as at","page_number":92,"box":{"x":44,"y":344,"width":161,"height":9}},{"id":"34c8e337-0ad8-408c-bc93-82c20d80e957","block_type":"box","text":"31 December 2025","page_number":92,"box":{"x":210,"y":344,"width":116,"height":7}},{"id":"328d7245-5692-4bf4-93d9-2e6861d689ff","block_type":"box","text":"Financial Assets","page_number":92,"box":{"x":45,"y":370,"width":104,"height":7}},{"id":"5960167c-be3d-4d41-87d9-a06ed120ba82","block_type":"box","text":"Level 1","page_number":92,"box":{"x":563,"y":359,"width":42,"height":7}},{"id":"eb619b3b-5059-4829-861b-c2e205bd7ffd","block_type":"box","text":"£","page_number":92,"box":{"x":600,"y":370,"width":7,"height":7}},{"id":"ceacdb59-4835-46e4-8355-a9a99cef6cee","block_type":"box","text":"Level 2","page_number":92,"box":{"x":679,"y":359,"width":44,"height":7}},{"id":"cb3947a2-07db-4321-ab43-0b3c34e85fd1","block_type":"box","text":"£","page_number":92,"box":{"x":717,"y":370,"width":7,"height":7}},{"id":"fd66c935-6516-4fee-922a-a4706f5781cc","block_type":"box","text":"Level 3","page_number":92,"box":{"x":796,"y":359,"width":44,"height":7}},{"id":"6554eb53-1bb8-4de9-b660-0ff90c721b1a","block_type":"box","text":"£","page_number":92,"box":{"x":833,"y":370,"width":7,"height":7}},{"id":"1449c7b2-f068-49e4-8fda-1a12ef022408","block_type":"box","text":"Total","page_number":92,"box":{"x":926,"y":359,"width":30,"height":7}},{"id":"afbd5cb2-2c33-4de2-8fdf-3c870bbf11e6","block_type":"box","text":"£","page_number":92,"box":{"x":950,"y":370,"width":7,"height":7}},{"id":"68629b05-51e6-425d-a5cf-ff7a456a1fdc","block_type":"box","text":"Equities","page_number":92,"box":{"x":45,"y":388,"width":58,"height":11}},{"id":"25ddb67e-b935-451c-a263-f43ea4fe0b6e","block_type":"box","text":"263,451,507","page_number":92,"box":{"x":514,"y":388,"width":92,"height":11}},{"id":"a7a6a1a7-cbd1-48b7-9a87-f983d2f3a9b2","block_type":"box","text":"–","page_number":92,"box":{"x":715,"y":393,"width":9,"height":1}},{"id":"bf83102e-8782-48ad-9c2b-ab8f2b379636","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":393,"width":10,"height":1}},{"id":"9a75ac34-ea52-4a11-a8ff-eee02aadb79e","block_type":"box","text":"263,451,507","page_number":92,"box":{"x":864,"y":388,"width":92,"height":11}},{"id":"219176f1-bd97-4674-be73-b2c54fa529a1","block_type":"box","text":"Forward Currency Contracts","page_number":92,"box":{"x":46,"y":404,"width":208,"height":11}},{"id":"9211e87a-b52b-40d2-9ba5-f10bfa42d0d6","block_type":"box","text":"–","page_number":92,"box":{"x":598,"y":409,"width":9,"height":1}},{"id":"44f446df-e5f1-4a32-a6df-35c68bee0a85","block_type":"box","text":"271,673","page_number":92,"box":{"x":664,"y":404,"width":59,"height":10}},{"id":"8fd6dbb7-e92b-4fc9-a2f4-c3ba2d7a41d8","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":409,"width":10,"height":1}},{"id":"9b4aa8d3-b156-4357-943d-8601aaaed4e1","block_type":"box","text":"271,673","page_number":92,"box":{"x":897,"y":404,"width":59,"height":10}},{"id":"e1d2c9f0-d3c2-4065-938c-ba87f7dbde5b","block_type":"box","text":"263,451,507","page_number":92,"box":{"x":514,"y":420,"width":92,"height":10}},{"id":"d1446ace-19b4-44e8-8bdc-23e6baadf8a1","block_type":"box","text":"271,673","page_number":92,"box":{"x":664,"y":420,"width":59,"height":10}},{"id":"af12c0f8-d473-452e-90b1-e6639ecc0a92","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":425,"width":10,"height":1}},{"id":"a51ec43a-6d7e-4f50-9b9e-9cba5d233b16","block_type":"box","text":"263,723,180","page_number":92,"box":{"x":864,"y":420,"width":92,"height":10}},{"id":"f5d15033-22a4-481e-8fd9-66b50f5a6c90","block_type":"box","text":"Financial Liabilities","page_number":92,"box":{"x":45,"y":452,"width":122,"height":7}},{"id":"86b08aff-2403-4b99-8abb-544848ca81ea","block_type":"box","text":"Forward Currency Contracts","page_number":92,"box":{"x":46,"y":470,"width":208,"height":11}},{"id":"598b4939-697f-44e0-a0d3-af90c66203cf","block_type":"box","text":"–","page_number":92,"box":{"x":598,"y":475,"width":9,"height":1}},{"id":"03f57c63-30eb-498a-bd30-3d7e283f8738","block_type":"box","text":"(52,262)","page_number":92,"box":{"x":662,"y":470,"width":61,"height":11}},{"id":"77064963-62c2-4ae6-9919-6b21b5f426e1","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":475,"width":10,"height":1}},{"id":"b50f4be2-7f73-45ac-b29b-ae5264cae8dc","block_type":"box","text":"(52,262)","page_number":92,"box":{"x":896,"y":470,"width":61,"height":11}},{"id":"8cfa7d47-217a-4ff8-ab72-ce6143551639","block_type":"box","text":"–","page_number":92,"box":{"x":598,"y":491,"width":9,"height":1}},{"id":"e4172d19-a440-4acf-ae54-1dc6fe6d8e4c","block_type":"box","text":"(52,262)","page_number":92,"box":{"x":662,"y":486,"width":61,"height":11}},{"id":"64114b3a-5c5c-4a9e-aff5-3f4ab7452ca4","block_type":"box","text":"–","page_number":92,"box":{"x":831,"y":491,"width":10,"height":1}},{"id":"5e02cae1-b995-4233-86ca-c0f8464ec6ce","block_type":"box","text":"(52,262)","page_number":92,"box":{"x":896,"y":486,"width":61,"height":11}},{"id":"ee8cf080-d0c7-4372-bb1e-806ac49ddb6e","block_type":"box","text":"1","page_number":92,"box":{"x":43,"y":529,"width":2,"height":4}},{"id":"c620553b-d340-4add-9d47-0aef387b8932","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":92,"box":{"x":46,"y":529,"width":910,"height":9}},{"id":"8472f274-d2e8-41ca-84b5-4b1e4663ecd9","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":92,"box":{"x":42,"y":541,"width":915,"height":9}},{"id":"21dbb75a-2bf1-4374-bcef-8aa33513d558","block_type":"box","text":"shareholders.","page_number":92,"box":{"x":42,"y":552,"width":80,"height":7}},{"id":"6b5f9701-db99-4762-bc5a-38be0218049a","block_type":"box","text":"Level 1","page_number":92,"box":{"x":43,"y":584,"width":53,"height":9}},{"id":"4f5d878e-28a5-42cf-92ac-8eb8b6808fc6","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":92,"box":{"x":42,"y":597,"width":920,"height":11}},{"id":"25ca8b1c-99f2-4766-8591-fed3c731b215","block_type":"box","text":"date.","page_number":92,"box":{"x":42,"y":610,"width":36,"height":9}},{"id":"657593ba-0dfd-4115-b7c2-bd37cf01d9da","block_type":"box","text":"Level 2","page_number":92,"box":{"x":43,"y":635,"width":55,"height":9}},{"id":"0cf59bd2-67cf-4c1f-9507-c50cce5d8bc9","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":92,"box":{"x":42,"y":648,"width":894,"height":11}},{"id":"fccbf293-0695-47ad-a594-1a770fe090af","block_type":"box","text":"Level 3","page_number":92,"box":{"x":43,"y":673,"width":55,"height":9}},{"id":"03e546d1-9801-45fa-92b8-d45d005783b2","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":92,"box":{"x":42,"y":686,"width":672,"height":11}},{"id":"e3bdaebc-0c46-4556-8ba4-c86ac0add915","block_type":"box","text":"92","page_number":93,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"35e89b0b-fa6f-4511-97e6-15f91960bb84","block_type":"box","text":"93","page_number":93,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"0b32a79f-c11f-481f-9a9a-d4f6ece7b3b3","block_type":"box","text":"SARASIN Global Dividend","page_number":93,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"75188dbd-2e53-40a0-95dc-9a45d6851a35","block_type":"box","text":"Investment Objective and Policy","page_number":93,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"0b65c647-4a0b-4f47-8fe1-30ed0737d1b7","block_type":"box","text":"Investment Objective","page_number":93,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"17d9dec3-c645-4982-b41e-031a08c2844d","block_type":"box","text":"We seek to grow the value of the sub-fund over a rolling 5","page_number":93,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"62792f85-88c9-4868-b4c4-aeb776210cfa","block_type":"box","text":"year period after deducting fees and costs and provide 15%","page_number":93,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"56c4d15a-d2d5-44b0-a92d-01446f32aff0","block_type":"box","text":"more income than the MSCI All Countries World Index (Net).","page_number":93,"box":{"x":43,"y":138,"width":443,"height":11}},{"id":"96df6f9f-754e-448c-900a-c6563291eff2","block_type":"box","text":"We measure income after adjusting for withholding taxes.","page_number":93,"box":{"x":42,"y":163,"width":425,"height":11}},{"id":"b5fb5587-840b-4f0a-8c5c-7eca37be56bc","block_type":"box","text":"Investment Policy","page_number":93,"box":{"x":43,"y":188,"width":141,"height":11}},{"id":"9e723e5a-8340-480a-b9bd-7405ad688a99","block_type":"box","text":"Investments","page_number":93,"box":{"x":43,"y":202,"width":89,"height":9}},{"id":"dd13a4e7-b0a1-45b2-8be9-7b7a5d688b4e","block_type":"box","text":"We invest at least 80% of the sub-fund in the shares of","page_number":93,"box":{"x":42,"y":227,"width":450,"height":9}},{"id":"32dd87e5-2fe5-4ae1-af0e-725f7db1bf19","block_type":"box","text":"companies from around the world.","page_number":93,"box":{"x":42,"y":241,"width":252,"height":11}},{"id":"7848edc6-dcfa-48cf-b505-b22ea0a6217d","block_type":"box","text":"We can also invest in bonds, other funds (including those","page_number":93,"box":{"x":42,"y":266,"width":450,"height":11}},{"id":"00b1077a-d0da-4238-8771-48e5b692d337","block_type":"box","text":"managed by Sarasin) and cash.","page_number":93,"box":{"x":43,"y":280,"width":234,"height":12}},{"id":"54666057-436d-4c19-a33c-449aa867503f","block_type":"box","text":"Investment Selection","page_number":93,"box":{"x":43,"y":306,"width":154,"height":8}},{"id":"7fadbe56-9220-468e-960f-81afd7c75aeb","block_type":"box","text":"We carefully select the sub-fund’s investments and have free","page_number":93,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"ea86a04b-75ff-4920-8236-8f15f82dd285","block_type":"box","text":"choice to select companies from any country/region, sector","page_number":93,"box":{"x":42,"y":345,"width":450,"height":11}},{"id":"12e79db9-786c-4175-903a-458ea71e38a5","block_type":"box","text":"or industry.","page_number":93,"box":{"x":42,"y":359,"width":80,"height":11}},{"id":"bbd37c5a-6f35-41f7-9714-e5cab088fa97","block_type":"box","text":"We identify the long-term investment themes that drive","page_number":93,"box":{"x":42,"y":384,"width":450,"height":11}},{"id":"2650f812-1297-420f-894f-cdd2b1cdab95","block_type":"box","text":"growth and lead to disruption in global economies and","page_number":93,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"797dceff-0d25-4740-9233-136fdd58bedf","block_type":"box","text":"industries. We believe that these themes are likely to result","page_number":93,"box":{"x":43,"y":412,"width":449,"height":12}},{"id":"ee4a7566-bf81-4542-9feb-62f9a604909a","block_type":"box","text":"in structural consequences for company performance which","page_number":93,"box":{"x":43,"y":427,"width":449,"height":11}},{"id":"b8cde2ca-ae28-49cd-9ea2-df99553d1c77","block_type":"box","text":"will be reflected in their share price. We select companies","page_number":93,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"be63c389-34fd-499f-b261-a5e623f0559c","block_type":"box","text":"which are most likely to benefit from our investment themes,","page_number":93,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"8f8c8f0f-e80c-47ea-9712-cc99a3d6437a","block_type":"box","text":"are well placed to grow their revenues and cash flows as a","page_number":93,"box":{"x":42,"y":469,"width":450,"height":12}},{"id":"3cf22a96-be5e-42eb-8fcd-8ecef03b730b","block_type":"box","text":"result of them, and whether they provide attractive income","page_number":93,"box":{"x":43,"y":484,"width":449,"height":11}},{"id":"9ce6d009-020a-4f37-8665-ab0874a54899","block_type":"box","text":"levels as a result of them, based on our own analysis.","page_number":93,"box":{"x":43,"y":498,"width":396,"height":11}},{"id":"6376a575-58ea-4cb4-adde-f1fb129f0cbb","block_type":"box","text":"Integral to this analysis is the Sarasin Sustainability Impact","page_number":93,"box":{"x":43,"y":523,"width":449,"height":11}},{"id":"5c5885a8-3133-4173-b84b-66d9bcaeb5d4","block_type":"box","text":"Matrix (“SIM”) – an in-house tool devised to examine","page_number":93,"box":{"x":43,"y":537,"width":449,"height":11}},{"id":"1c8270d7-43ce-47fc-b9ae-3252880fff56","block_type":"box","text":"and quantify any material environmental, social and/or","page_number":93,"box":{"x":42,"y":551,"width":450,"height":12}},{"id":"098f44f5-8923-462d-8958-2d4241daf9e6","block_type":"box","text":"governance factors. A comprehensive assessment of the","page_number":93,"box":{"x":42,"y":566,"width":450,"height":11}},{"id":"4bbeec23-d5d0-418e-a92c-32f2e49888d3","block_type":"box","text":"related risks and opportunities resulting from these factors","page_number":93,"box":{"x":43,"y":580,"width":449,"height":11}},{"id":"064f3578-3043-44c7-9b51-ed007490de26","block_type":"box","text":"that are identified through the SIM, are then embedded","page_number":93,"box":{"x":42,"y":594,"width":450,"height":11}},{"id":"f3ac9853-942c-4f11-ae50-f3f5c0377625","block_type":"box","text":"within our financial modelling and analysis of companies.","page_number":93,"box":{"x":42,"y":608,"width":420,"height":12}},{"id":"c969033d-4913-4e4c-b70f-9e8546f19a83","block_type":"box","text":"The sub-fund will not therefore always exclude holdings for","page_number":93,"box":{"x":42,"y":633,"width":450,"height":12}},{"id":"3f2c99fa-e29c-44a1-97b7-97b7d5dd5c3e","block_type":"box","text":"which material environmental, social and/or governance","page_number":93,"box":{"x":42,"y":648,"width":450,"height":11}},{"id":"1bb050c0-726f-44aa-84ff-de702b81b29d","block_type":"box","text":"risks have been identified.","page_number":93,"box":{"x":43,"y":662,"width":192,"height":9}},{"id":"c36c64e4-e47e-4d75-ae63-24c98d627786","block_type":"box","text":"Stewardship","page_number":93,"box":{"x":43,"y":687,"width":91,"height":11}},{"id":"0c0e89f2-fc39-4e8e-92f8-297c47eb6d3e","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":93,"box":{"x":43,"y":712,"width":444,"height":11}},{"id":"d072fe06-6217-4934-97ad-9007160d0e23","block_type":"box","text":"engage, as far as possible, with underlying issuers (both","page_number":93,"box":{"x":42,"y":726,"width":444,"height":11}},{"id":"400f396a-ee12-4a4d-9ea8-b0411c840e6f","block_type":"box","text":"shares and corporate bonds) to promote actions to mitigate","page_number":93,"box":{"x":42,"y":740,"width":445,"height":11}},{"id":"2169f927-3fa4-4a97-bba6-4ea04dc86cdf","block_type":"box","text":"material environmental, social and/or governance risks","page_number":93,"box":{"x":43,"y":754,"width":444,"height":12}},{"id":"0ac39ec0-595c-42dd-85fb-1459e6405c7d","block_type":"box","text":"identified through the SIM or other analysis. Engagements","page_number":93,"box":{"x":43,"y":769,"width":444,"height":11}},{"id":"5c5c457f-5290-481d-9e5c-c8c331712d41","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":93,"box":{"x":42,"y":783,"width":444,"height":11}},{"id":"e3c9b04e-629e-4a3c-aae9-f7c44665b0d7","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":93,"box":{"x":42,"y":797,"width":446,"height":12}},{"id":"b47d1d11-6651-4df8-8c2e-927d18e11d57","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":93,"box":{"x":42,"y":812,"width":445,"height":11}},{"id":"81f2bf88-aafe-4158-ae3c-4b05330bbaf0","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":93,"box":{"x":42,"y":826,"width":444,"height":11}},{"id":"489190eb-9d48-458c-962c-1e22d53d3c20","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":93,"box":{"x":42,"y":840,"width":450,"height":9}},{"id":"abd33f16-adf8-4f48-ae3b-2c6bb509f507","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":93,"box":{"x":42,"y":854,"width":318,"height":11}},{"id":"48c5a531-543f-4125-a635-beac784ecb38","block_type":"box","text":"Voting is integral to our engagement work where we","page_number":93,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"81c00e6c-e80c-4248-84bd-33772fc1ddf6","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":93,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"4776d506-aefa-4be5-9075-2c88f85665e6","block_type":"box","text":"votes on routine items are aligned with our engagement","page_number":93,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"e92f45e7-126f-43cd-8737-57fa4f7dd576","block_type":"box","text":"priorities. Our Corporate Governance and Voting Guidelines","page_number":93,"box":{"x":513,"y":122,"width":449,"height":11}},{"id":"3f223309-0494-4485-ad4f-4a98c226eb86","block_type":"box","text":"are updated annually and published on our website at","page_number":93,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"44aa64b5-5d86-4054-a545-b166df97407e","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":93,"box":{"x":512,"y":150,"width":444,"height":12}},{"id":"5d9c0e1f-6b28-4af5-8aef-30f3e09830f6","block_type":"box","text":"you/.","page_number":93,"box":{"x":512,"y":165,"width":41,"height":11}},{"id":"7304051e-7bd3-41fa-9cb2-f59f89492c4a","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":93,"box":{"x":513,"y":190,"width":449,"height":11}},{"id":"cb140a47-9f82-4fc0-b6b5-3852935d8c72","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":93,"box":{"x":512,"y":204,"width":450,"height":11}},{"id":"42effdd2-50f2-4ad9-856e-689b53bb1e4b","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":93,"box":{"x":513,"y":218,"width":449,"height":11}},{"id":"4407aa42-8e6b-4c04-ab13-369719087fc9","block_type":"box","text":"long-term financial performance for investors.","page_number":93,"box":{"x":513,"y":232,"width":334,"height":12}},{"id":"4c4a8f06-7363-42d6-936c-0e7a2164cbf9","block_type":"box","text":"Additional Techniques","page_number":93,"box":{"x":511,"y":258,"width":164,"height":10}},{"id":"fcb01196-122b-4039-bc6e-449bb8d34912","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":93,"box":{"x":512,"y":282,"width":450,"height":12}},{"id":"f2901015-ae7d-426b-9554-2ab6124da7fe","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":93,"box":{"x":513,"y":297,"width":449,"height":11}},{"id":"5acbc924-2d51-4333-ac26-7f4bd7a97485","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":93,"box":{"x":513,"y":311,"width":449,"height":9}},{"id":"d0f1b32d-71e5-4331-a7cc-6cc8a1ed5311","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":93,"box":{"x":513,"y":325,"width":449,"height":11}},{"id":"d0564980-4de2-436c-bc72-bfa602de1810","block_type":"box","text":"share prices, currencies).","page_number":93,"box":{"x":512,"y":339,"width":187,"height":12}},{"id":"175605e9-3482-4296-bf0b-3797d9151df8","block_type":"box","text":"Sustainability Labels","page_number":93,"box":{"x":512,"y":364,"width":166,"height":11}},{"id":"e722f4de-0a61-417a-a16b-25bbbf9c24a3","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":93,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"28661614-fb9b-4003-abc7-3ba10bd514ad","block_type":"box","text":"specific sustainability goal.","page_number":93,"box":{"x":512,"y":393,"width":196,"height":11}},{"id":"23248761-a27c-4333-90a7-8fa61e02bf35","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":93,"box":{"x":512,"y":418,"width":450,"height":11}},{"id":"296cff49-f87c-4879-a190-1c196669e986","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":93,"box":{"x":512,"y":432,"width":450,"height":11}},{"id":"1399d769-65da-4d68-a430-bd31aef937cc","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":93,"box":{"x":513,"y":446,"width":449,"height":11}},{"id":"e5c4f6ef-f592-4b30-b539-dc2cb496d01b","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":93,"box":{"x":512,"y":460,"width":450,"height":12}},{"id":"36f74627-c487-4aea-b75b-22d8203436fc","block_type":"box","text":"sustainability investment label.","page_number":93,"box":{"x":512,"y":475,"width":225,"height":11}},{"id":"ea30f0b7-cf5a-4bfb-a11c-0c34f5ba53e1","block_type":"box","text":"Benchmark Information","page_number":93,"box":{"x":513,"y":500,"width":186,"height":9}},{"id":"169d0812-2942-4130-8d49-e8ee502c2bce","block_type":"box","text":"The sub-fund’s income can be assessed by reference to the","page_number":93,"box":{"x":512,"y":514,"width":450,"height":11}},{"id":"5a64cc5c-7aba-436c-abef-4dbbd73b5309","block_type":"box","text":"income produced by the MSCI All Countries World Index","page_number":93,"box":{"x":513,"y":528,"width":449,"height":11}},{"id":"0a96bfdd-5e75-47bf-b71f-80d344d17135","block_type":"box","text":"(Net) on an annual basis as this represents the performance","page_number":93,"box":{"x":513,"y":542,"width":449,"height":12}},{"id":"dc848ab2-2bdb-479a-8b0a-09b0e4f7c815","block_type":"box","text":"of shares of companies from around the world.","page_number":93,"box":{"x":512,"y":557,"width":351,"height":11}},{"id":"1101dbe4-0bdc-43fb-bd62-f1f2b8a18d4c","block_type":"box","text":"Because the sub-fund offers Share Classes denominated","page_number":93,"box":{"x":513,"y":582,"width":449,"height":9}},{"id":"5c1557f5-9c95-43df-bdcb-587d7d8aeb2b","block_type":"box","text":"in various currencies and with various currency hedging","page_number":93,"box":{"x":513,"y":596,"width":449,"height":11}},{"id":"57002eb0-29a8-4d64-8820-9793226de333","block_type":"box","text":"options, shareholders may assess performance in respect","page_number":93,"box":{"x":512,"y":610,"width":450,"height":11}},{"id":"efc089de-e18d-49c3-bfff-d31785c1f422","block_type":"box","text":"of hedged Share Classes against an iteration of the MSCI","page_number":93,"box":{"x":512,"y":625,"width":450,"height":11}},{"id":"904f95e4-0ce5-404d-98e7-170a291d82e0","block_type":"box","text":"All Countries World Index (Net) which is hedged to the","page_number":93,"box":{"x":512,"y":639,"width":450,"height":11}},{"id":"d77218e8-98ae-4372-ab2f-439cf45df753","block_type":"box","text":"currency of denomination of the relevant Share Class. In","page_number":93,"box":{"x":512,"y":653,"width":450,"height":11}},{"id":"c6e4352e-a931-49c1-ae1d-3ec011811829","block_type":"box","text":"respect of all other Share Classes, shareholders may assess","page_number":93,"box":{"x":513,"y":667,"width":449,"height":11}},{"id":"c91277fd-6ecc-4110-8de7-ff3cae9a3ac7","block_type":"box","text":"performance against the MSCI All Countries World Index","page_number":93,"box":{"x":513,"y":681,"width":449,"height":12}},{"id":"4f71fbb9-b5d2-4405-bc26-3d5eb51fa300","block_type":"box","text":"(Net) denominated in the same currency as the relevant","page_number":93,"box":{"x":513,"y":696,"width":444,"height":11}},{"id":"a569e5aa-68b2-4f8d-ba8b-d0fa31b54023","block_type":"box","text":"unhedged Share Class.","page_number":93,"box":{"x":513,"y":710,"width":173,"height":11}},{"id":"56c89700-a15a-4811-8e63-92c1da744168","block_type":"box","text":"The MSCI All Countries World Index (Net), including in","page_number":93,"box":{"x":512,"y":735,"width":444,"height":11}},{"id":"dc73077d-8634-4cda-96d5-0d2c388dac88","block_type":"box","text":"hedged form, represents the performance of shares of","page_number":93,"box":{"x":513,"y":749,"width":445,"height":11}},{"id":"224ebbdf-3966-4687-86d8-6e3f617e22a2","block_type":"box","text":"companies from around the world.","page_number":93,"box":{"x":512,"y":763,"width":252,"height":12}},{"id":"2dc3cee9-f965-41b4-927b-c1587ffafacc","block_type":"box","text":"93","page_number":94,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"1bcb9a8b-1510-48e1-bc47-38088f618998","block_type":"box","text":"SARASIN Global Dividend","page_number":94,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"2451cb48-4c1d-4c6c-90a5-17894e5dd81d","block_type":"box","text":"Sensitivity Analysis","page_number":94,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"b25dcc60-c505-4977-9bd6-ee4b52d9fac6","block_type":"box","text":"The sub-fund invests in equities with a bias to equities with","page_number":94,"box":{"x":42,"y":93,"width":450,"height":11}},{"id":"a8c984e6-6229-4067-8a45-d51a64f26b21","block_type":"box","text":"higher yields.","page_number":94,"box":{"x":43,"y":108,"width":102,"height":11}},{"id":"c768029e-fcd9-48e7-8f2d-a216dccf54c7","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":94,"box":{"x":43,"y":133,"width":449,"height":8}},{"id":"14679aa1-1b3b-4b1d-9ab2-c9056e6d5c10","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":94,"box":{"x":43,"y":147,"width":449,"height":11}},{"id":"d93af4f3-cb1e-4788-922a-c2ea66b6a753","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":94,"box":{"x":42,"y":161,"width":450,"height":11}},{"id":"e9cb485d-baea-45c1-bc0c-622f4857f2a7","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":94,"box":{"x":42,"y":175,"width":450,"height":12}},{"id":"397e7c0d-4b44-4220-9bec-fe6db303862a","block_type":"box","text":"absolute basis or relative to a benchmark). It applies a Monte","page_number":94,"box":{"x":42,"y":190,"width":450,"height":11}},{"id":"8b7e109a-739b-46e6-be23-0564bf35fc9c","block_type":"box","text":"Carlo simulation methodology.","page_number":94,"box":{"x":43,"y":204,"width":222,"height":11}},{"id":"1f8069ee-567d-4161-b91f-7d0da14e0ed4","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":94,"box":{"x":42,"y":229,"width":450,"height":11}},{"id":"7db4caea-65df-40c0-bd4f-8572195fd942","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":94,"box":{"x":43,"y":243,"width":449,"height":11}},{"id":"a3b7c79c-2c1b-4a96-9570-bda6e0f8a594","block_type":"box","text":"portfolio over a specific timeframe.","page_number":94,"box":{"x":43,"y":257,"width":253,"height":11}},{"id":"8569e72b-3cbe-4049-85a1-f11ac86d1027","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":94,"box":{"x":42,"y":282,"width":450,"height":11}},{"id":"da4c7c1e-1686-4952-94fa-0047e154b9d2","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":94,"box":{"x":43,"y":297,"width":449,"height":11}},{"id":"ebad6fad-79f3-4a64-9d98-8259f8a5bacb","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":94,"box":{"x":43,"y":311,"width":449,"height":11}},{"id":"19563f91-15e9-41d3-bfc2-16bb76c12b78","block_type":"box","text":"based on the 99th percentile.","page_number":94,"box":{"x":43,"y":325,"width":214,"height":11}},{"id":"c4956768-02f6-414a-ae55-b2411fef1614","block_type":"box","text":"The “99% / 20-day Relative VaR” for Sarasin Global Dividend,","page_number":94,"box":{"x":42,"y":350,"width":450,"height":11}},{"id":"7959613c-8dd9-4c46-ae16-0699be246436","block_type":"box","text":"as at 3 July 2026, was 83.61% (31 December 2025:","page_number":94,"box":{"x":42,"y":364,"width":450,"height":11}},{"id":"6f0d7d80-4b5b-4f71-b0f9-a8412be94674","block_type":"box","text":"80.25%). The lowest, highest, and average utilisation in","page_number":94,"box":{"x":43,"y":378,"width":449,"height":12}},{"id":"ab75597a-4114-455d-82af-a56bbb4c3c06","block_type":"box","text":"the period was 79.91%, 91.65% and 85.54%, respectively","page_number":94,"box":{"x":42,"y":393,"width":450,"height":11}},{"id":"af5d45f5-3078-41e1-96b4-221d07f2cbb7","block_type":"box","text":"(31 December 2025: 74.49%, 83.75% and 79.73%,","page_number":94,"box":{"x":43,"y":407,"width":449,"height":11}},{"id":"4b8997eb-76e3-46d4-8bd3-e858ffa454e2","block_type":"box","text":"respectively).","page_number":94,"box":{"x":43,"y":421,"width":96,"height":12}},{"id":"a3fbc66f-ae5c-4bb5-b2e4-6595f83485ba","block_type":"box","text":"Note: Sub-fund moved to relative VaR in mid-2020 so that","page_number":94,"box":{"x":43,"y":446,"width":449,"height":9}},{"id":"9113eb80-f78f-4653-9077-036dd712ef57","block_type":"box","text":"the VaR limit moves with market volatility. The regulatory limit","page_number":94,"box":{"x":42,"y":461,"width":450,"height":11}},{"id":"7f089fa8-6c85-4381-9dae-79748ee741b8","block_type":"box","text":"is 200% relative to benchmark VaR.","page_number":94,"box":{"x":43,"y":475,"width":263,"height":9}},{"id":"91ebf18b-5790-4135-9345-377eca200dd0","block_type":"box","text":"94","page_number":95,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"47933598-8fb0-483d-98d5-db11a207bb5f","block_type":"box","text":"95","page_number":95,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"f73e44ff-5339-4f70-8650-a92ddb714086","block_type":"box","text":"SARASIN Global Dividend","page_number":95,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"298d5d9e-faf6-4194-8dd2-a71129f0f14c","block_type":"box","text":"Investment Review \r\new","page_number":95,"box":{"x":43,"y":97,"width":186,"height":10}},{"id":"279c7e51-2dde-4b9a-80af-73b3b9ca6ea5","block_type":"box","text":"Investment Review","page_number":95,"box":{"x":42,"y":107,"width":1,"height":0}},{"id":"e446be63-eab4-49ab-8dc1-f48aea53dcfb","block_type":"box","text":"Sub-fund Performance","page_number":95,"box":{"x":42,"y":112,"width":186,"height":9}},{"id":"4b78d567-84c6-4d59-a0c7-e40f3cd8b83f","block_type":"box","text":"Cumulative performance","page_number":95,"box":{"x":52,"y":131,"width":195,"height":11}},{"id":"6bf1e3da-476c-45de-8b71-3d50f1ed7dda","block_type":"box","text":"6 mos","page_number":95,"box":{"x":455,"y":138,"width":44,"height":9}},{"id":"ea6b6f1e-5188-475c-8ed9-e9b8f15227f4","block_type":"box","text":"1 yr","page_number":95,"box":{"x":569,"y":138,"width":26,"height":11}},{"id":"b4fbb469-be46-4d0b-b0b1-aec5477d556a","block_type":"box","text":"3 yrs","page_number":95,"box":{"x":670,"y":138,"width":35,"height":11}},{"id":"612a3326-9caf-48e2-ab40-5c0196932a72","block_type":"box","text":"5 yrs","page_number":95,"box":{"x":777,"y":138,"width":35,"height":11}},{"id":"7f2f41da-81bb-4337-9ca1-33fe76c6233d","block_type":"box","text":"Since","page_number":95,"box":{"x":881,"y":131,"width":46,"height":9}},{"id":"4605d7a3-9d38-4e87-a30a-78edec63f0c9","block_type":"box","text":"Inception","page_number":95,"box":{"x":869,"y":145,"width":66,"height":11}},{"id":"5cd7b5f3-f1e1-401a-969d-17fb611c8137","block_type":"box","text":"01 Jan 26 -","page_number":95,"box":{"x":433,"y":163,"width":83,"height":9}},{"id":"73d2d0f1-d1cc-4f2c-8a95-b696020e9c04","block_type":"box","text":"03 Jul 26","page_number":95,"box":{"x":441,"y":177,"width":67,"height":9}},{"id":"23dd64b2-c6f0-4f7f-b2a2-1bdfeb6b7ef8","block_type":"box","text":"01 Jul 25 -","page_number":95,"box":{"x":543,"y":163,"width":77,"height":9}},{"id":"e6439969-111e-4990-8c88-ae9d64f50008","block_type":"box","text":"03 Jul 26","page_number":95,"box":{"x":548,"y":177,"width":66,"height":9}},{"id":"384f0131-6686-42cb-825e-20ea232019b6","block_type":"box","text":"01 Jul 23 -","page_number":95,"box":{"x":649,"y":163,"width":77,"height":9}},{"id":"3fa7bd38-507a-4f7b-8229-11cd157cfcdf","block_type":"box","text":"03 Jul 26","page_number":95,"box":{"x":654,"y":177,"width":67,"height":9}},{"id":"87eeaf71-1b29-4195-b531-3500dfb21a24","block_type":"box","text":"01 Jul 21 -","page_number":95,"box":{"x":756,"y":163,"width":77,"height":9}},{"id":"f0deba8e-a21a-433b-a962-6eb45ee61bc1","block_type":"box","text":"03 Jul 26","page_number":95,"box":{"x":761,"y":177,"width":67,"height":9}},{"id":"51c950ec-12e6-41bf-9624-ecfc8373e6e8","block_type":"box","text":"05 Dec 13-","page_number":95,"box":{"x":861,"y":163,"width":86,"height":9}},{"id":"c67c9c5e-fdd0-40b6-8a77-eb005e68b602","block_type":"box","text":"03 Jul 26","page_number":95,"box":{"x":868,"y":177,"width":67,"height":9}},{"id":"a655c1f5-0efe-4950-b18a-eafdc25f8b22","block_type":"box","text":"%","page_number":95,"box":{"x":468,"y":200,"width":13,"height":9}},{"id":"aa3fae83-a992-46a2-a65b-8b9bd1aac146","block_type":"box","text":"%","page_number":95,"box":{"x":575,"y":200,"width":13,"height":9}},{"id":"22a7a0ed-0a81-42c2-9f58-1dbed41440aa","block_type":"box","text":"%","page_number":95,"box":{"x":681,"y":200,"width":13,"height":9}},{"id":"a4f86ade-dca2-4c5a-a753-ce415e396e26","block_type":"box","text":"%","page_number":95,"box":{"x":788,"y":200,"width":13,"height":9}},{"id":"2b43e476-90fb-4dc1-8ff0-10c1734f7362","block_type":"box","text":"%","page_number":95,"box":{"x":895,"y":200,"width":13,"height":9}},{"id":"7eb390bd-01aa-4b23-9da5-559aad57dd45","block_type":"box","text":"Fund","page_number":95,"box":{"x":50,"y":213,"width":36,"height":9}},{"id":"b56552e4-79da-4bdf-91ce-55d943deb66b","block_type":"box","text":"P Acc (Net)","page_number":95,"box":{"x":311,"y":213,"width":82,"height":11}},{"id":"4375cac0-fc1d-462b-a4a6-9cb0b8f4aac0","block_type":"box","text":"6.70","page_number":95,"box":{"x":459,"y":213,"width":31,"height":9}},{"id":"5df14463-3daf-47f3-b9a0-5966c6247705","block_type":"box","text":"14.70","page_number":95,"box":{"x":562,"y":213,"width":39,"height":9}},{"id":"c04024a6-0424-4eb3-8f7e-12ace30e7c8c","block_type":"box","text":"34.40","page_number":95,"box":{"x":667,"y":213,"width":41,"height":9}},{"id":"417894f2-babb-41d2-a08b-ce3f94ab5f65","block_type":"box","text":"44.10","page_number":95,"box":{"x":773,"y":213,"width":41,"height":9}},{"id":"b35c41ae-23a2-4d42-95a2-f7ea803b6c27","block_type":"box","text":"242.70","page_number":95,"box":{"x":877,"y":213,"width":50,"height":9}},{"id":"d4854308-e708-42ae-ad9d-037a3254609d","block_type":"box","text":"Comparator","page_number":95,"box":{"x":52,"y":228,"width":88,"height":11}},{"id":"024714d6-bbdb-4be2-90a7-6611ef60322f","block_type":"box","text":"Index","page_number":95,"box":{"x":311,"y":228,"width":39,"height":9}},{"id":"fa4a7cc1-95d2-48fc-bc34-09bc043e3652","block_type":"box","text":"12.40","page_number":95,"box":{"x":455,"y":228,"width":40,"height":9}},{"id":"94ca5a9f-b0b0-455d-b946-8128919f22ee","block_type":"box","text":"25.50","page_number":95,"box":{"x":561,"y":228,"width":40,"height":9}},{"id":"5e386cd8-d4b1-46e7-95ce-27563c549315","block_type":"box","text":"62.90","page_number":95,"box":{"x":667,"y":228,"width":41,"height":9}},{"id":"13340410-513a-44dc-ae30-ccba401c0b55","block_type":"box","text":"73.20","page_number":95,"box":{"x":774,"y":228,"width":40,"height":9}},{"id":"34e94201-ac68-4dbf-869c-dd8cefca7ce8","block_type":"box","text":"335.30","page_number":95,"box":{"x":877,"y":228,"width":50,"height":9}},{"id":"53c1fb82-6df0-4f2e-b621-efe09ea9d0c1","block_type":"box","text":"Discrete performance","page_number":95,"box":{"x":52,"y":272,"width":171,"height":11}},{"id":"65f3e94f-614f-4e2d-9970-836e58de4e91","block_type":"box","text":"01 Jul 25 -","page_number":95,"box":{"x":436,"y":272,"width":77,"height":9}},{"id":"00145357-bfb5-442d-9bd8-064328748c89","block_type":"box","text":"03 Jul 26","page_number":95,"box":{"x":441,"y":286,"width":67,"height":9}},{"id":"9a18ba10-ca5c-4bdf-b44e-019174d19d7d","block_type":"box","text":"01 Jul 24 -","page_number":95,"box":{"x":543,"y":272,"width":77,"height":9}},{"id":"647fb1ad-5e99-4955-bc9d-7ede47ab7bfe","block_type":"box","text":"30 Jun 25","page_number":95,"box":{"x":545,"y":286,"width":72,"height":9}},{"id":"8b043622-8600-4638-8b0c-9de7050f92d2","block_type":"box","text":"01 Jul 23 -","page_number":95,"box":{"x":649,"y":272,"width":77,"height":9}},{"id":"12abf9f9-3af1-4966-8975-75c08b06d446","block_type":"box","text":"30 Jun 24","page_number":95,"box":{"x":652,"y":286,"width":72,"height":9}},{"id":"c4eb99f7-591f-4ae1-aebd-a46a0eb1b6e7","block_type":"box","text":"01 Jul 22 -","page_number":95,"box":{"x":756,"y":272,"width":77,"height":9}},{"id":"f0b9d104-1e61-4f92-9c14-ee64271d9915","block_type":"box","text":"30 Jun 23","page_number":95,"box":{"x":758,"y":286,"width":72,"height":9}},{"id":"817d1074-690f-42bd-b519-32f4218cd6a0","block_type":"box","text":"01 Jul 21 -","page_number":95,"box":{"x":863,"y":272,"width":77,"height":9}},{"id":"7c82f6ab-34b2-47ba-b4cb-7ceb1b16f832","block_type":"box","text":"30 Jun 22","page_number":95,"box":{"x":866,"y":286,"width":72,"height":9}},{"id":"346256ed-8737-4769-b24a-a2f08e4aa6d0","block_type":"box","text":"%","page_number":95,"box":{"x":468,"y":308,"width":13,"height":9}},{"id":"511bc22c-5683-4174-94d5-0b63c04ecd6e","block_type":"box","text":"%","page_number":95,"box":{"x":575,"y":308,"width":13,"height":9}},{"id":"9de0db35-51f9-44e3-ab2c-c761b38a4d8a","block_type":"box","text":"%","page_number":95,"box":{"x":681,"y":308,"width":13,"height":9}},{"id":"43fae9b5-c09b-4e76-8256-6bcdd0cba5ad","block_type":"box","text":"%","page_number":95,"box":{"x":788,"y":308,"width":13,"height":9}},{"id":"22dd2450-34a3-4227-bcf3-c41e23b90336","block_type":"box","text":"%","page_number":95,"box":{"x":895,"y":308,"width":13,"height":9}},{"id":"f7b67db7-c873-4044-8542-bb95aa87fd0a","block_type":"box","text":"Fund","page_number":95,"box":{"x":50,"y":322,"width":36,"height":9}},{"id":"828e70e3-45e4-4d38-975e-275d7d656440","block_type":"box","text":"P Acc (Net)","page_number":95,"box":{"x":311,"y":322,"width":82,"height":11}},{"id":"e8191c54-2847-4086-a74e-12f800bca06b","block_type":"box","text":"14.70","page_number":95,"box":{"x":455,"y":322,"width":40,"height":9}},{"id":"13d32adb-4fc1-4e29-a1c0-85c1570b3499","block_type":"box","text":"6.00","page_number":95,"box":{"x":565,"y":322,"width":32,"height":9}},{"id":"6c5f2284-cf33-4516-b4eb-c19da72e5567","block_type":"box","text":"10.70","page_number":95,"box":{"x":669,"y":322,"width":39,"height":9}},{"id":"2f486d66-b403-46ea-8f5a-81a707790441","block_type":"box","text":"8.60","page_number":95,"box":{"x":779,"y":322,"width":31,"height":9}},{"id":"ef14885f-10c4-4c2c-8b5c-45b34ba7cb22","block_type":"box","text":"-0.80","page_number":95,"box":{"x":883,"y":322,"width":37,"height":9}},{"id":"48c3239b-93be-44f8-ab1c-1907709cb888","block_type":"box","text":"Comparator","page_number":95,"box":{"x":52,"y":336,"width":88,"height":11}},{"id":"49f2ddcc-c182-45b5-96d8-baa871017554","block_type":"box","text":"Index","page_number":95,"box":{"x":311,"y":336,"width":39,"height":9}},{"id":"499166db-112f-43d4-b6ec-9c8caef5ddb7","block_type":"box","text":"25.50","page_number":95,"box":{"x":454,"y":336,"width":41,"height":9}},{"id":"78ce7930-c1aa-415c-9bc2-98782fbef5a3","block_type":"box","text":"7.20","page_number":95,"box":{"x":566,"y":336,"width":31,"height":9}},{"id":"23db4294-3cf3-41c5-9356-9289d56fd7d3","block_type":"box","text":"20.10","page_number":95,"box":{"x":667,"y":336,"width":41,"height":9}},{"id":"498d9438-1fe5-4a3b-9cb6-a54a86272c95","block_type":"box","text":"11.30","page_number":95,"box":{"x":776,"y":336,"width":38,"height":9}},{"id":"3e428745-3292-4c59-baf4-73a3131d1ed3","block_type":"box","text":"-4.20","page_number":95,"box":{"x":883,"y":336,"width":37,"height":9}},{"id":"d33f8905-984d-43a6-b6a7-48617455fec6","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":95,"box":{"x":43,"y":383,"width":220,"height":5}},{"id":"6fb863f6-cf98-43f1-b49d-a14fb3afcae9","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":95,"box":{"x":43,"y":402,"width":444,"height":7}},{"id":"1964181b-5d4f-499d-87aa-12e18bf8946d","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":95,"box":{"x":42,"y":411,"width":445,"height":7}},{"id":"de64ccd7-5a31-4c7c-a1e0-bf37899b7502","block_type":"box","text":"reinvested.","page_number":95,"box":{"x":42,"y":420,"width":48,"height":5}},{"id":"813ee685-cc71-4cdd-9caf-b0e0908b5670","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched","page_number":95,"box":{"x":42,"y":439,"width":445,"height":6}},{"id":"bf69103b-f7ef-4a00-be56-7173413ec999","block_type":"box","text":"on 5 December 2013.","page_number":95,"box":{"x":42,"y":447,"width":96,"height":6}},{"id":"5ee52925-dd99-4d02-af28-b0aa50261a11","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting marketing@","page_number":95,"box":{"x":43,"y":466,"width":444,"height":7}},{"id":"d3d8dcb2-9aca-4eb8-9f9d-24e7d413a54a","block_type":"box","text":"sarasin.co.uk.","page_number":95,"box":{"x":42,"y":475,"width":61,"height":5}},{"id":"0b8904c9-c47c-4d05-9551-c715654dc311","block_type":"box","text":"Performance","page_number":95,"box":{"x":43,"y":497,"width":101,"height":8}},{"id":"502c9e2f-5c19-4085-be64-505d67e8075e","block_type":"box","text":"The sub-fund returned 6.70% (net of charges) for the period","page_number":95,"box":{"x":42,"y":511,"width":450,"height":11}},{"id":"d4fbcd6f-d30e-44f0-a90e-f033ea6e1d1a","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 12.40% for the","page_number":95,"box":{"x":42,"y":525,"width":450,"height":11}},{"id":"9a82ba3a-3018-4681-b2c3-81720a0a9145","block_type":"box","text":"comparator benchmark. The performance of the sub-fund","page_number":95,"box":{"x":42,"y":539,"width":450,"height":11}},{"id":"1dcc775c-599b-4749-8c35-ab8fbe357a64","block_type":"box","text":"compared to the benchmark has again been challenging.","page_number":95,"box":{"x":42,"y":554,"width":450,"height":11}},{"id":"8d9cda6a-0f71-4dd8-9bc3-4accde4fd09a","block_type":"box","text":"In particular, the extraordinary moves by the semiconductor","page_number":95,"box":{"x":43,"y":568,"width":449,"height":11}},{"id":"39ccea54-86ee-4be4-b2a2-44f946766e86","block_type":"box","text":"and memory stocks within the world equity index have been","page_number":95,"box":{"x":42,"y":582,"width":450,"height":11}},{"id":"567126bb-95b9-4a2d-895a-449174aad9bc","block_type":"box","text":"extremely hard to match. Yes, the sub-fund has exposure to","page_number":95,"box":{"x":42,"y":596,"width":450,"height":12}},{"id":"5256fe1d-4bca-44ce-8ef6-8109591e3d96","block_type":"box","text":"these sectors in the US and Asia, but not at market weights.","page_number":95,"box":{"x":42,"y":611,"width":450,"height":11}},{"id":"752a0260-ef8e-442d-bc64-6718a49e2c50","block_type":"box","text":"More generally, the accelerating AI boom has created one","page_number":95,"box":{"x":43,"y":625,"width":449,"height":11}},{"id":"72e8b3b5-c777-44d5-8427-0fb9cc96ca3c","block_type":"box","text":"of the most powerful momentum-led rallies in recent years,","page_number":95,"box":{"x":42,"y":639,"width":450,"height":11}},{"id":"188976e0-77f1-49af-b460-4537f2bbd226","block_type":"box","text":"and those diversifying into ‘quality’ or more defensive","page_number":95,"box":{"x":42,"y":653,"width":450,"height":12}},{"id":"cadc1812-405f-4ddd-bdd3-0e8ecfeed701","block_type":"box","text":"equity holdings have inevitably underperformed. We are","page_number":95,"box":{"x":42,"y":668,"width":450,"height":11}},{"id":"ffde2114-505e-4f15-a2eb-3516c2144373","block_type":"box","text":"no exception, given that our thematic stocks typically tend","page_number":95,"box":{"x":43,"y":682,"width":449,"height":11}},{"id":"91096065-1f8f-40bd-97a7-f77f2e75e95b","block_type":"box","text":"to show higher returns on equity, lower financial leverage,","page_number":95,"box":{"x":42,"y":696,"width":444,"height":11}},{"id":"5590174d-fffe-4c4e-a8f7-68f8546dcf6e","block_type":"box","text":"and more stable earnings growth, which have often been","page_number":95,"box":{"x":42,"y":710,"width":444,"height":12}},{"id":"ceba71ff-ff87-4c4b-8c5b-a99a393685d0","block_type":"box","text":"overlooked in the recent market rally. There are signs that","page_number":95,"box":{"x":42,"y":725,"width":445,"height":11}},{"id":"cf0512cb-f6a0-4753-83b6-9a5044fa24ef","block_type":"box","text":"market leadership may be broadening beyond a narrow","page_number":95,"box":{"x":43,"y":739,"width":444,"height":11}},{"id":"88b0c421-300b-4e23-b2af-86b199a8dd2a","block_type":"box","text":"group of AI winners, which would be beneficial for our","page_number":95,"box":{"x":42,"y":753,"width":446,"height":11}},{"id":"fe95ec7e-e215-48eb-b22a-f8f5d3c368ed","block_type":"box","text":"thematic equity approach.","page_number":95,"box":{"x":42,"y":768,"width":191,"height":11}},{"id":"91476789-b1a0-46c7-a48c-55174bdf8d8c","block_type":"box","text":"Review","page_number":95,"box":{"x":43,"y":793,"width":57,"height":8}},{"id":"fbf15f76-5768-46f8-9f87-dd7333493c76","block_type":"box","text":"A combination of factors shaped investor sentiment over the","page_number":95,"box":{"x":42,"y":807,"width":445,"height":11}},{"id":"d153bdf5-ccb6-401c-a78a-464da259568f","block_type":"box","text":"first half of 2026. These included the impact of the US-Iran","page_number":95,"box":{"x":42,"y":821,"width":444,"height":11}},{"id":"fc0971a6-edf1-41e8-9575-9cf26da14884","block_type":"box","text":"conflict, which initially caused uncertainty and led to closure","page_number":95,"box":{"x":42,"y":835,"width":445,"height":11}},{"id":"79fe6c3f-ea3c-49cb-b75f-0cc343362e28","block_type":"box","text":"of the Strait of Hormuz, but appeared to be de-escalating as","page_number":95,"box":{"x":42,"y":849,"width":450,"height":12}},{"id":"e094fc51-f822-4db8-b1ea-41eea16af342","block_type":"box","text":"the period progressed. The more optimistic outlook gradually","page_number":95,"box":{"x":42,"y":864,"width":450,"height":11}},{"id":"c37912a9-b474-4eff-a81f-c0f794831f30","block_type":"box","text":"encouraged investors to favour riskier assets such as shares.","page_number":95,"box":{"x":42,"y":878,"width":444,"height":11}},{"id":"b3bc709b-f69d-415b-a810-2bacdcdd33b2","block_type":"box","text":"Oil prices fell sharply as the conflict looked to be closer to","page_number":95,"box":{"x":512,"y":385,"width":450,"height":12}},{"id":"5a16a62c-40c1-418e-b15d-8196fa82a538","block_type":"box","text":"a resolution, and the easing of energy concerns allowed","page_number":95,"box":{"x":512,"y":400,"width":450,"height":11}},{"id":"00078948-1c7a-48db-8bb8-25b5a088a82f","block_type":"box","text":"markets to refocus on Artificial Intelligence (AI), which helped","page_number":95,"box":{"x":513,"y":414,"width":449,"height":11}},{"id":"0a4864c8-2a35-4099-a1ca-9b61f6f0339f","block_type":"box","text":"to push technology stocks higher. Further boosts came from","page_number":95,"box":{"x":512,"y":428,"width":450,"height":11}},{"id":"6922a40f-2478-450d-928e-02b692be6fe0","block_type":"box","text":"companies raising their spending plans for the year and","page_number":95,"box":{"x":512,"y":442,"width":450,"height":12}},{"id":"4b3d93d4-256d-414b-8ef5-535f9dbfa8bf","block_type":"box","text":"upgraded global earnings forecasts.","page_number":95,"box":{"x":513,"y":457,"width":264,"height":11}},{"id":"f4bb1940-fb8e-401f-8084-34ebcd9fe294","block_type":"box","text":"Emerging markets were among the strongest performers","page_number":95,"box":{"x":513,"y":482,"width":449,"height":11}},{"id":"e47405cf-a18e-49ac-be71-2c0b15406254","block_type":"box","text":"during the period, driven by the heavy weighting of","page_number":95,"box":{"x":512,"y":496,"width":450,"height":11}},{"id":"23201f33-8806-43dc-acd6-5ac9bc4376ce","block_type":"box","text":"semiconductor and IT hardware companies in the index.","page_number":95,"box":{"x":512,"y":510,"width":415,"height":11}},{"id":"a935cd93-0f36-4163-9e3b-6d7e730cfbae","block_type":"box","text":"Positives","page_number":95,"box":{"x":513,"y":535,"width":72,"height":9}},{"id":"cbaac12a-d012-489d-b5ed-9c5a2e479c23","block_type":"box","text":"Our holding in Cisco Systems was the largest positive","page_number":95,"box":{"x":512,"y":549,"width":450,"height":12}},{"id":"419b0ddd-649f-4195-8667-7d93968c33be","block_type":"box","text":"contributor to the sub-fund’s performance during the period.","page_number":95,"box":{"x":512,"y":563,"width":450,"height":12}},{"id":"42993417-2c76-4504-888b-2dffd1e124e5","block_type":"box","text":"The technology company’s share price rose sharply on strong","page_number":95,"box":{"x":512,"y":578,"width":450,"height":11}},{"id":"384713ef-985f-403a-88f5-3ec9b5401581","block_type":"box","text":"quarterly results and a positive outlook. Cisco Systems is a","page_number":95,"box":{"x":512,"y":592,"width":450,"height":11}},{"id":"1025c388-5168-4b3a-a68a-f78f122a6e50","block_type":"box","text":"dominant provider of data centre networking infrastructure","page_number":95,"box":{"x":512,"y":606,"width":450,"height":12}},{"id":"49bd73c9-74a8-44a9-84eb-669122561d25","block_type":"box","text":"and benefitting from a surge in global AI spend.","page_number":95,"box":{"x":512,"y":621,"width":349,"height":11}},{"id":"14093351-3fbf-4e62-aad7-804fa9f41c9b","block_type":"box","text":"Texas Instruments also contributed positively, with its","page_number":95,"box":{"x":512,"y":646,"width":450,"height":11}},{"id":"fbca6b8a-80bf-4885-8ee5-f7e45a5c2ef1","block_type":"box","text":"share price rising in response to the firm’s release of","page_number":95,"box":{"x":512,"y":660,"width":450,"height":11}},{"id":"65f946e0-47ba-4b4b-b731-d89e613998f8","block_type":"box","text":"better-than-expected quarterly results.","page_number":95,"box":{"x":513,"y":674,"width":281,"height":11}},{"id":"76c6cedd-8050-4c13-bbdc-491164a3842a","block_type":"box","text":"Shares in Intertek Group rose when the company’s board","page_number":95,"box":{"x":512,"y":699,"width":444,"height":11}},{"id":"2596591c-86be-4a7d-8d11-3fa5675e248f","block_type":"box","text":"recommended shareholders accept a takeover bid from","page_number":95,"box":{"x":513,"y":713,"width":443,"height":11}},{"id":"53bbab82-888d-487e-88fd-baaf701204e1","block_type":"box","text":"private equity firm EQT.","page_number":95,"box":{"x":513,"y":727,"width":172,"height":12}},{"id":"36dd9b3c-6b6b-49c4-a04b-1412c163f0ca","block_type":"box","text":"ASML Holding, a leader in the semiconductor industry,","page_number":95,"box":{"x":512,"y":752,"width":444,"height":12}},{"id":"9530f932-f08d-4795-b080-893bd9e959a5","block_type":"box","text":"supported the sub-fund’s performance. The company","page_number":95,"box":{"x":512,"y":767,"width":445,"height":11}},{"id":"c6f35a7d-2f03-4f32-bd14-dc3873cd2a6b","block_type":"box","text":"announced record-breaking orders in its fourth-quarter","page_number":95,"box":{"x":512,"y":781,"width":445,"height":11}},{"id":"744539fe-aaf9-4732-bcc2-8f5adc859259","block_type":"box","text":"results, and growing investor confidence in the sustainability","page_number":95,"box":{"x":513,"y":795,"width":444,"height":11}},{"id":"9ae81166-0b8a-4c43-94cc-98fa41182eac","block_type":"box","text":"of demand for AI is positive for ASML Holding’s products","page_number":95,"box":{"x":512,"y":809,"width":416,"height":12}},{"id":"7c75f5d5-b439-4143-9b16-1255b5e6c6d9","block_type":"box","text":"Negatives","page_number":95,"box":{"x":513,"y":835,"width":77,"height":11}},{"id":"9ef57049-879a-4db7-98db-713d19065466","block_type":"box","text":"Options and futures exchange CME detracted from the","page_number":95,"box":{"x":512,"y":849,"width":450,"height":11}},{"id":"0b1f9665-26ae-48cd-b8a5-31e975da7dae","block_type":"box","text":"sub-fund’s return. Its shares sold off sharply as a result","page_number":95,"box":{"x":512,"y":863,"width":450,"height":11}},{"id":"19e61de5-3e0f-43a1-b581-6fa419c3def8","block_type":"box","text":"of elevated competitive and regulatory risks that were","page_number":95,"box":{"x":512,"y":877,"width":450,"height":11}},{"id":"bebb085d-732e-4b57-81b9-1badd9b8ee51","block_type":"box","text":"compounded by first-quarter earnings that were slightly","page_number":95,"box":{"x":512,"y":891,"width":450,"height":12}},{"id":"102c0c85-3231-476d-8d25-1c759012bd54","block_type":"box","text":"below expectations.","page_number":95,"box":{"x":513,"y":906,"width":145,"height":11}},{"id":"c805660f-7268-4aac-9071-fbd3f19af125","block_type":"box","text":"95","page_number":96,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"30a2f4ed-0bf3-444b-9c4f-0d9c6aa7ee14","block_type":"box","text":"SARASIN Global Dividend","page_number":96,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"7c3b0a18-7903-49f9-9d0b-db2170271172","block_type":"box","text":"Negatives (continued)","page_number":96,"box":{"x":43,"y":95,"width":173,"height":11}},{"id":"a7a13a3f-9168-4be1-adbe-dc0bfab61428","block_type":"box","text":"The share price of Medtronic fell during the month on","page_number":96,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"71060ecf-dccb-45ab-8aeb-ff9bbf7c7581","block_type":"box","text":"investors’ concerns about the medical device company’s","page_number":96,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"cfe3a0ff-5983-4264-9409-66b91c7cdc9c","block_type":"box","text":"guidance and growth expectations, along with a general","page_number":96,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"787bfb02-6b4e-4527-884b-6a424c82be47","block_type":"box","text":"weakness in the health care sector. Medtronic is a cash","page_number":96,"box":{"x":42,"y":152,"width":450,"height":9}},{"id":"c8794cf4-a398-4339-a246-d11bc480a853","block_type":"box","text":"generative business that provides a good dividend yield with","page_number":96,"box":{"x":42,"y":167,"width":450,"height":11}},{"id":"51f06a24-c836-4225-a972-096950862813","block_type":"box","text":"an attractive valuation.","page_number":96,"box":{"x":42,"y":181,"width":166,"height":9}},{"id":"97ee6c6f-8ba6-4434-b69e-09ed11197b73","block_type":"box","text":"The sub-fund was also held back by not holding shares in","page_number":96,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"ec724a26-afac-4604-8915-efc27f1dd855","block_type":"box","text":"Micron Technology, Taiwan Semiconductor Manufacturing","page_number":96,"box":{"x":43,"y":220,"width":449,"height":11}},{"id":"3d749894-14ef-4753-9960-ed72e87e8e69","block_type":"box","text":"Company ADR, Samsung Electronics and Advanced Micro","page_number":96,"box":{"x":43,"y":234,"width":449,"height":11}},{"id":"40689c74-17d9-4194-b510-5a2dc721d383","block_type":"box","text":"Devices, as demand increased for AI-related semiconductors.","page_number":96,"box":{"x":43,"y":248,"width":443,"height":11}},{"id":"9bdcad3e-0ae5-4189-b9da-e70958551438","block_type":"box","text":"Transactions","page_number":96,"box":{"x":42,"y":274,"width":103,"height":8}},{"id":"ddb7d014-d9fc-476e-9a6d-859bbe920f33","block_type":"box","text":"We brought Broadcom back into the sub-fund as the","page_number":96,"box":{"x":42,"y":288,"width":450,"height":11}},{"id":"ef88931a-aedd-4e6c-9b90-8dcef7797815","block_type":"box","text":"momentum in revenues and earnings is proving to be much","page_number":96,"box":{"x":43,"y":302,"width":449,"height":11}},{"id":"2555cbb1-da7e-4d16-836f-7374d0e2dad9","block_type":"box","text":"greater and more resilient than we had anticipated. Broadcom","page_number":96,"box":{"x":42,"y":316,"width":450,"height":11}},{"id":"90e6e762-ff31-4d63-b097-924d33faff5b","block_type":"box","text":"offers a combination of strong, recurring cash flows from","page_number":96,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"0cf4d101-b6ec-45a3-8788-1de68c98677e","block_type":"box","text":"semiconductor and infrastructure software businesses,","page_number":96,"box":{"x":42,"y":345,"width":450,"height":10}},{"id":"760c7b01-28a8-4377-afa3-be31daf162e9","block_type":"box","text":"leveraged to structural growth in AI and data centres,","page_number":96,"box":{"x":43,"y":359,"width":449,"height":11}},{"id":"d6dfd316-1c14-4ee7-80fe-c8cd864cd4af","block_type":"box","text":"alongside disciplined capital allocation and shareholder","page_number":96,"box":{"x":42,"y":373,"width":450,"height":11}},{"id":"17528afb-bf4a-435a-a824-9827dd079460","block_type":"box","text":"returns.","page_number":96,"box":{"x":43,"y":388,"width":60,"height":8}},{"id":"07ad3dee-035e-48ff-93bf-4a0bf106d2d9","block_type":"box","text":"We repurchased shares in eyewear specialist EssilorLuxottica","page_number":96,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"030aa637-abc3-46e9-b93a-6fbc460d323c","block_type":"box","text":"in Q2, having previously exited the position in Q1. We had","page_number":96,"box":{"x":43,"y":427,"width":449,"height":11}},{"id":"40378852-0542-4b59-9d1a-e6f51c661dce","block_type":"box","text":"exited on valuation grounds and bought it back when the","page_number":96,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"171026d7-8f22-4920-820a-6c8cee43827e","block_type":"box","text":"stock price fell back to our target re-entry point.","page_number":96,"box":{"x":42,"y":455,"width":348,"height":11}},{"id":"082424e2-cba7-467b-9222-85820243db6f","block_type":"box","text":"We initiated a position in Duke Energy, which offers exposure","page_number":96,"box":{"x":42,"y":480,"width":450,"height":11}},{"id":"6454edef-e383-4b80-a048-da959fc40390","block_type":"box","text":"to the substantial electrical infrastructure build-out underway","page_number":96,"box":{"x":42,"y":494,"width":450,"height":12}},{"id":"e4fc5c65-0043-4d98-a1d8-1388a9f258ca","block_type":"box","text":"in the US. We see significant upside to our target price,","page_number":96,"box":{"x":43,"y":509,"width":449,"height":11}},{"id":"e89a9a5c-3beb-4c64-9caf-ed5c0af80c5f","block_type":"box","text":"supported by a long runway of regulated capital deployment","page_number":96,"box":{"x":42,"y":523,"width":450,"height":11}},{"id":"9db1855c-f3ae-4e8f-9f1d-2ec9baaecae5","block_type":"box","text":"and improving earnings visibility.","page_number":96,"box":{"x":42,"y":537,"width":239,"height":11}},{"id":"7e885aeb-577b-4115-b271-443bd7b97a0b","block_type":"box","text":"We reduced our holding in Cisco Systems after the very strong","page_number":96,"box":{"x":42,"y":562,"width":450,"height":11}},{"id":"892e5fc0-c907-44cb-a576-4b6a5938e2d6","block_type":"box","text":"performance. The position size within the sub-fund was too","page_number":96,"box":{"x":43,"y":576,"width":449,"height":11}},{"id":"a4eafc1b-119d-4cc8-a54c-b9e8013c58a5","block_type":"box","text":"large, the dividend yield had compressed significantly, and","page_number":96,"box":{"x":43,"y":591,"width":449,"height":11}},{"id":"fd48b7a7-b5cb-4d34-9c25-ee41f964d0c4","block_type":"box","text":"the valuation was looking stretched.","page_number":96,"box":{"x":42,"y":605,"width":264,"height":11}},{"id":"6f9f0242-7fc1-4df7-9933-570a34cfaa9e","block_type":"box","text":"We reduced our holding in Colgate-Palmolive following its","page_number":96,"box":{"x":42,"y":630,"width":450,"height":11}},{"id":"1e985a42-0abe-40c2-ae59-e0c34f9eec6b","block_type":"box","text":"strong performance. The valuation was relatively full and","page_number":96,"box":{"x":42,"y":644,"width":450,"height":11}},{"id":"6c86838a-e6e8-438b-8f1a-2127d063c557","block_type":"box","text":"the portfolio has a large overweight to the consumer staples","page_number":96,"box":{"x":42,"y":658,"width":450,"height":12}},{"id":"946e4926-ced3-4fa5-bac1-8e0eb3750aa0","block_type":"box","text":"sector.","page_number":96,"box":{"x":42,"y":673,"width":54,"height":8}},{"id":"38aadccd-d0f8-4589-8f28-a9b5967129cb","block_type":"box","text":"We reduced our holding in professional services firm Marsh &","page_number":96,"box":{"x":42,"y":697,"width":445,"height":12}},{"id":"54bc8fe0-f7a5-4e14-9a38-4d1296f5a599","block_type":"box","text":"McLennan Cos as concerns have grown about the potential","page_number":96,"box":{"x":43,"y":712,"width":443,"height":11}},{"id":"0a00d9d4-d877-41f5-a3aa-21d316b332d6","block_type":"box","text":"for AI-driven disruption in its consultancy business. While","page_number":96,"box":{"x":42,"y":726,"width":445,"height":11}},{"id":"597fd433-ed0c-44bf-9790-e7ef6de59f17","block_type":"box","text":"we continue to hold the stock, we felt the position size was","page_number":96,"box":{"x":42,"y":740,"width":445,"height":11}},{"id":"82c3aacb-1043-4404-85d6-65f4b7b8344a","block_type":"box","text":"too large given the current uncertainty around how this part","page_number":96,"box":{"x":42,"y":755,"width":445,"height":11}},{"id":"08bdea49-efaf-4986-a484-a8adbf02a0d7","block_type":"box","text":"of the business may evolve in an increasingly AI-enabled","page_number":96,"box":{"x":42,"y":769,"width":444,"height":11}},{"id":"9b26f937-f305-49ac-94b7-5780f158079a","block_type":"box","text":"environment.","page_number":96,"box":{"x":42,"y":783,"width":95,"height":9}},{"id":"bbc074b7-bc69-49b9-ada2-741773752b4c","block_type":"box","text":"Outlook","page_number":96,"box":{"x":43,"y":808,"width":62,"height":9}},{"id":"962f91d7-4fd0-4c6e-94f4-265e4b40b0dc","block_type":"box","text":"Global equity markets had been supported by easing oil","page_number":96,"box":{"x":43,"y":822,"width":443,"height":11}},{"id":"776b46b3-a7b1-482b-9439-75cd6fdf86ed","block_type":"box","text":"supply concerns and major stock market listings by large","page_number":96,"box":{"x":42,"y":837,"width":445,"height":11}},{"id":"965dc5ab-1ab9-4fac-88b2-228ed6370986","block_type":"box","text":"technology companies, and investor confidence was","page_number":96,"box":{"x":42,"y":851,"width":450,"height":11}},{"id":"6bfce529-cd13-4832-81cf-2d17554478e7","block_type":"box","text":"returning. However, as we enter the second half of the","page_number":96,"box":{"x":43,"y":865,"width":449,"height":11}},{"id":"87678362-a3d8-4e82-aa46-219b407c02a6","block_type":"box","text":"period, a renewed flare up in conflict between the US and","page_number":96,"box":{"x":43,"y":879,"width":449,"height":11}},{"id":"4f6f8e0e-e473-447f-b13a-5d33dd828ada","block_type":"box","text":"Iran brings fresh uncertainty and we will be keeping a close","page_number":96,"box":{"x":43,"y":893,"width":449,"height":12}},{"id":"f551559c-003c-4dc8-b86c-ebc06aee2c6d","block_type":"box","text":"eye on the wider consequences.","page_number":96,"box":{"x":42,"y":908,"width":239,"height":11}},{"id":"ba8076d5-9bdb-4ce0-b61b-62ce0ead6612","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":96,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"886554f2-92d0-4997-8e01-c3bc35ab72fc","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":96,"box":{"x":513,"y":93,"width":449,"height":12}},{"id":"d0718588-5e7d-483b-94ac-f11283dcb5ca","block_type":"box","text":"offering), with Anthropic expected to follow later this year, and","page_number":96,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"b04fceab-8dfc-44a0-86e1-f1a502848996","block_type":"box","text":"OpenAI potentially waiting until 2027. However, questions","page_number":96,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"e684a24d-f0df-41b0-81c5-25c3b35b4cc7","block_type":"box","text":"remain about the future valuations of these companies and","page_number":96,"box":{"x":513,"y":136,"width":449,"height":11}},{"id":"e4f12e11-a384-4666-80b1-a85be686c838","block_type":"box","text":"whether markets can absorb the new supply of shares. More","page_number":96,"box":{"x":512,"y":150,"width":450,"height":12}},{"id":"aeb16234-efdf-42a3-947d-ebfdfd37987e","block_type":"box","text":"broadly, equity markets are being supported by potential","page_number":96,"box":{"x":513,"y":165,"width":449,"height":11}},{"id":"f1f1f0a0-9840-4832-aab0-639bc8e1a4e4","block_type":"box","text":"long-term AI-linked productivity gains and AI-driven demand","page_number":96,"box":{"x":513,"y":179,"width":449,"height":11}},{"id":"6d0bba52-dbdd-4e1d-9c92-ed617a1cbef2","block_type":"box","text":"for new data centres.","page_number":96,"box":{"x":512,"y":193,"width":155,"height":9}},{"id":"cf7a8d44-bfd4-4aa7-803f-517a253a1419","block_type":"box","text":"We continue to focus on high-quality companies with","page_number":96,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"c77ed800-b23f-4f3e-98dd-f9acce270847","block_type":"box","text":"higher returns on equity, stable earnings growth and lower","page_number":96,"box":{"x":513,"y":232,"width":449,"height":12}},{"id":"7cd53afd-fbc2-425a-9096-185aafe14aed","block_type":"box","text":"borrowings, which should offer some downside protection in","page_number":96,"box":{"x":513,"y":247,"width":449,"height":11}},{"id":"89ffae95-1f8e-4cd0-b1e2-2efdee0faffe","block_type":"box","text":"case of economic headwinds.","page_number":96,"box":{"x":512,"y":261,"width":218,"height":9}},{"id":"34020f94-60fe-44e6-82d7-6ce27973e8bc","block_type":"box","text":"Nikki Martin","page_number":96,"box":{"x":513,"y":336,"width":85,"height":9}},{"id":"c2d16480-0d80-4eb7-b8c5-a05015b0b303","block_type":"box","text":"Senior Portfolio Manager – Global Equities","page_number":96,"box":{"x":512,"y":350,"width":316,"height":11}},{"id":"57eb86de-6bd9-4b40-a0ca-35535dcf6b64","block_type":"box","text":"Sarasin & Partners LLP","page_number":96,"box":{"x":512,"y":364,"width":174,"height":9}},{"id":"6a76743a-1bee-47a7-afd9-e04c4ce6a213","block_type":"box","text":"28 July 2026","page_number":96,"box":{"x":512,"y":379,"width":94,"height":11}},{"id":"dbeb8cf5-f628-4b70-8ea3-5f0e26514057","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":96,"box":{"x":512,"y":413,"width":445,"height":9}},{"id":"deb44bd6-60ea-479b-8cc7-684db4bb8183","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":96,"box":{"x":511,"y":424,"width":446,"height":9}},{"id":"5ebabd52-4859-41a4-bee2-008072c3ccda","block_type":"box","text":"without notice.","page_number":96,"box":{"x":512,"y":436,"width":84,"height":7}},{"id":"a0fb83f4-3d03-4c21-abf9-343903bb0e03","block_type":"box","text":"Top 10 purchases during the period","page_number":96,"box":{"x":512,"y":472,"width":283,"height":11}},{"id":"dc65d173-62bc-4809-ade8-72fde5bd714e","block_type":"box","text":"Broadcom","page_number":96,"box":{"x":513,"y":486,"width":80,"height":8}},{"id":"8d91df8b-5fba-467e-91f4-3d59b6bf78f4","block_type":"box","text":"EssilorLuxottica","page_number":96,"box":{"x":513,"y":499,"width":121,"height":9}},{"id":"c82ce569-dc39-412d-8d2e-55a1318852d5","block_type":"box","text":"Duke Energy","page_number":96,"box":{"x":513,"y":512,"width":100,"height":11}},{"id":"69bf6158-191a-416b-a426-810110462aea","block_type":"box","text":"Shell","page_number":96,"box":{"x":512,"y":526,"width":42,"height":8}},{"id":"f6483fb4-1bf5-4466-bff6-b6ad6c60982f","block_type":"box","text":"NVIDIA","page_number":96,"box":{"x":513,"y":539,"width":58,"height":9}},{"id":"d091d946-cb39-40d6-b709-581ffd277cb6","block_type":"box","text":"National Bank of Greece","page_number":96,"box":{"x":513,"y":553,"width":186,"height":8}},{"id":"60f45d42-6401-420c-a904-12bdcdf6b959","block_type":"box","text":"BHP Group","page_number":96,"box":{"x":513,"y":566,"width":89,"height":11}},{"id":"335baf7b-19bc-4f3a-9027-3ee4483b8146","block_type":"box","text":"GSK","page_number":96,"box":{"x":512,"y":579,"width":40,"height":9}},{"id":"dbdc9fac-37d4-4016-8116-b57ac78f576e","block_type":"box","text":"CME Group","page_number":96,"box":{"x":512,"y":593,"width":93,"height":11}},{"id":"77fec613-35cc-407b-a98c-28cbda0af012","block_type":"box","text":"Bank of Ireland Group","page_number":96,"box":{"x":513,"y":606,"width":168,"height":11}},{"id":"0a6c5e0c-710e-4343-a913-956355da0e7a","block_type":"box","text":"Top 10 sales during the period","page_number":96,"box":{"x":512,"y":625,"width":241,"height":11}},{"id":"8bd9abfe-63a8-4207-8f13-8ea5fe5a995d","block_type":"box","text":"Cisco Systems.","page_number":96,"box":{"x":512,"y":638,"width":120,"height":12}},{"id":"8432417b-697c-4ed2-94ac-e5869788a44c","block_type":"box","text":"Colgate-Palmolive","page_number":96,"box":{"x":512,"y":652,"width":135,"height":11}},{"id":"695d1825-c8e0-4727-91a0-77a1d8722f0d","block_type":"box","text":"Kimberly-Clark","page_number":96,"box":{"x":513,"y":665,"width":109,"height":11}},{"id":"28a7e29f-d4cb-46b5-bc4d-095824ccec18","block_type":"box","text":"Marsh & McLennan Cos","page_number":96,"box":{"x":513,"y":679,"width":178,"height":9}},{"id":"c6c00126-f09c-4dd0-a023-3d4097b5475f","block_type":"box","text":"Amgen","page_number":96,"box":{"x":512,"y":692,"width":52,"height":11}},{"id":"d8214cde-def4-4ef9-b77f-ddf4e5e3ef72","block_type":"box","text":"Merck & Company","page_number":96,"box":{"x":513,"y":705,"width":137,"height":12}},{"id":"667e710a-2ed5-4bee-9f6d-b7a05cd80049","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":96,"box":{"x":513,"y":719,"width":195,"height":11}},{"id":"b68d0615-9024-4741-910e-6cda2bc6b696","block_type":"box","text":"DSM-Firmenich","page_number":96,"box":{"x":513,"y":732,"width":114,"height":9}},{"id":"0e2bfc70-4abc-4315-85fe-8d3bb31a7cb0","block_type":"box","text":"Otis Worldwide","page_number":96,"box":{"x":512,"y":746,"width":112,"height":9}},{"id":"f66a5d06-05af-40d1-b43a-31d7c7d5aead","block_type":"box","text":"Straumann","page_number":96,"box":{"x":512,"y":759,"width":81,"height":9}},{"id":"3529e743-d3a0-497e-8306-d63a01c897e8","block_type":"box","text":"Investment Review (continued)","page_number":96,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"822ff91c-0a98-438a-ab64-52291fc4c787","block_type":"box","text":"96","page_number":97,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"750843de-0452-4c0b-8aba-9ec55de5df91","block_type":"box","text":"SARASIN Global Dividend","page_number":97,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"acf2fecd-23ed-43c3-8b55-55299db7dc02","block_type":"box","text":"Sub-fund Information","page_number":97,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"25d60cfb-40dc-432b-8a2e-9b71c65f369b","block_type":"box","text":"Risk and Reward Profile","page_number":97,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"8f2f42af-2c96-4a37-ad33-876472e48c7d","block_type":"box","text":"0","page_number":97,"box":{"x":71,"y":170,"width":8,"height":8}},{"id":"570d0761-7da3-4a41-b122-33581c5e78d0","block_type":"box","text":"Lower2","page_number":97,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"c9e9f621-533a-4140-b5af-f3f140799a9c","block_type":"box","text":"er2","page_number":97,"box":{"x":72,"y":145,"width":6,"height":8}},{"id":"fd16ad39-f806-4901-8c23-c92ca2087dca","block_type":"box","text":"risk","page_number":97,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"368f010a-3895-4328-834e-b522f225fbc3","block_type":"box","text":"Higher","page_number":97,"box":{"x":887,"y":145,"width":42,"height":9}},{"id":"51ce9284-06a3-474f-9545-120953686577","block_type":"box","text":"risk","page_number":97,"box":{"x":934,"y":145,"width":23,"height":7}},{"id":"3c1fe103-53d7-4317-b237-149204271bd3","block_type":"box","text":"Typically","page_number":97,"box":{"x":42,"y":156,"width":52,"height":9}},{"id":"59670df8-1989-480b-982b-fb15deac5ded","block_type":"box","text":"lower rewards","page_number":97,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"a3652c60-34ab-4a3c-acae-a89240021cb1","block_type":"box","text":"Typically","page_number":97,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"7b78f249-77a0-44ec-baaf-4f2a2382a918","block_type":"box","text":"higher rewards","page_number":97,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"ffd19da6-134d-42c5-9484-7bd846c1e83d","block_type":"box","text":"1","page_number":97,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"8ee9493a-89fd-4e37-b6cd-5e9f387be72c","block_type":"box","text":"2","page_number":97,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"8673a664-8ed4-4598-ac7d-571aa8144bc4","block_type":"box","text":"3","page_number":97,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"72751c08-b22e-4612-affb-8c8cc4cb0acf","block_type":"box","text":"4","page_number":97,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"27e56782-926b-4807-aaef-63fdb2e38b00","block_type":"box","text":"5","page_number":97,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"c87ce3db-bb0e-49fd-9ad3-84023094c6b7","block_type":"box","text":"6","page_number":97,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"ced1fca1-217c-4fa0-9f8f-7fb580babd91","block_type":"box","text":"7","page_number":97,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"ac701860-e73b-412f-bf5f-0709717d09c6","block_type":"box","text":"•","page_number":97,"box":{"x":43,"y":202,"width":4,"height":3}},{"id":"0d82adda-6608-4c14-a88b-75fc16eb7481","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":97,"box":{"x":67,"y":199,"width":445,"height":11}},{"id":"c0db5caa-1657-4e9f-80fd-86b7f725de29","block_type":"box","text":"•","page_number":97,"box":{"x":43,"y":216,"width":4,"height":3}},{"id":"bd8f222d-1813-4b3c-9321-54dc12c44445","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":97,"box":{"x":66,"y":213,"width":498,"height":11}},{"id":"b60e18ed-88b2-43bf-801f-bd69190f049c","block_type":"box","text":"•","page_number":97,"box":{"x":43,"y":230,"width":4,"height":3}},{"id":"501b9733-ad5d-496d-8dab-abbf928c8fdd","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":97,"box":{"x":66,"y":227,"width":342,"height":11}},{"id":"bb58a736-eeff-413b-87aa-2117bd045238","block_type":"box","text":"The Risk and Reward Indicator","page_number":97,"box":{"x":42,"y":252,"width":250,"height":9}},{"id":"208f8cff-b88a-4c6c-9654-9b72e8bdb7b0","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":97,"box":{"x":42,"y":266,"width":920,"height":11}},{"id":"1aee0d3a-326a-4a43-b428-c98b277f237e","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":97,"box":{"x":43,"y":281,"width":919,"height":11}},{"id":"320e4060-8f22-4b46-9d69-26292ca2131d","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":97,"box":{"x":42,"y":295,"width":920,"height":11}},{"id":"dc52f6de-f0f0-406f-b5e6-06cea1c81e21","block_type":"box","text":"but the greater the risk of losing money.","page_number":97,"box":{"x":43,"y":309,"width":291,"height":11}},{"id":"db1db0a4-9d77-4b66-a1de-0e80ddfcecf9","block_type":"box","text":"The sub-fund is ranked at 5 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":97,"box":{"x":42,"y":334,"width":920,"height":11}},{"id":"2f305fb7-735f-452b-8146-12bd17bd22a1","block_type":"box","text":"higher levels of volatility historically.","page_number":97,"box":{"x":43,"y":348,"width":267,"height":12}},{"id":"97181c2e-0600-4b38-a782-7d4121958612","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":97,"box":{"x":42,"y":373,"width":500,"height":12}},{"id":"37c55ba0-e0bd-44cf-a391-403bdc346ade","block_type":"box","text":"Emerging Markets Risk:","page_number":97,"box":{"x":43,"y":388,"width":194,"height":11}},{"id":"cd7e9d95-3f2f-401b-b04c-ddb652ea90f7","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":97,"box":{"x":237,"y":388,"width":725,"height":11}},{"id":"2c4a3753-ca42-476a-8ed9-b472c37a0967","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":97,"box":{"x":43,"y":402,"width":919,"height":11}},{"id":"9b8fc60b-8285-4af5-8a71-2b1798db7813","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":97,"box":{"x":42,"y":416,"width":777,"height":11}},{"id":"9dcb07a6-a8e0-4b90-9c45-f41aa160e45b","block_type":"box","text":"Operational Risk:","page_number":97,"box":{"x":43,"y":441,"width":138,"height":11}},{"id":"5836a685-6409-45a5-97f6-688551b7e0cc","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":97,"box":{"x":181,"y":441,"width":781,"height":11}},{"id":"e12a441a-4e63-462a-a30a-85a24c4685d0","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":97,"box":{"x":43,"y":455,"width":894,"height":12}},{"id":"4aa2af72-ac12-41dc-b78a-00cba6de4a77","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":97,"box":{"x":43,"y":480,"width":275,"height":11}},{"id":"273cf1f7-9e9a-4f6c-a4c3-f6dba0c187b8","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":97,"box":{"x":318,"y":480,"width":644,"height":11}},{"id":"c7f3fb13-9b44-4a66-8d60-67f0c4c58edf","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":97,"box":{"x":43,"y":494,"width":423,"height":12}},{"id":"40379982-60c7-4551-805d-1b898c0355f7","block_type":"box","text":"Currency Hedged Class Risk:","page_number":97,"box":{"x":43,"y":520,"width":240,"height":11}},{"id":"04e5b797-3081-412a-95ad-d17cd8c385b0","block_type":"box","text":"Some of the share classes within the sub-fund use currency hedging to protect against","page_number":97,"box":{"x":283,"y":519,"width":679,"height":12}},{"id":"527fa43c-c3a1-40cb-a2ac-ab9ac32170d3","block_type":"box","text":"exchange rate fluctuations. However, hedging may not fully eliminate currency risk and can sometimes lead to additional","page_number":97,"box":{"x":42,"y":534,"width":920,"height":11}},{"id":"02412895-ac3a-41c2-bd92-f0a83806125a","block_type":"box","text":"costs or reduced returns.","page_number":97,"box":{"x":42,"y":548,"width":184,"height":9}},{"id":"e3261ee8-6b15-4636-8708-e4d81ef1a2b9","block_type":"box","text":"Charges deducted from capital:","page_number":97,"box":{"x":43,"y":573,"width":248,"height":11}},{"id":"f2518738-ed8f-4cc6-83ac-34356e52238a","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":97,"box":{"x":291,"y":573,"width":671,"height":11}},{"id":"0bc9dffa-3a95-41f9-be81-3e6de208fef1","block_type":"box","text":"97","page_number":98,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"d238f8a5-f5f1-49fa-91ec-afc241b2cab6","block_type":"box","text":"SARASIN Global Dividend","page_number":98,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"0710a017-aeea-4fc6-8ae8-553a9836bf78","block_type":"box","text":"Portfolio Statement","page_number":98,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"adb5911e-7d89-455e-a931-0adfa4c1dd37","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":98,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"a2f7df12-0967-426d-a445-3e38f2cafb98","block_type":"box","text":"Holding","page_number":98,"box":{"x":147,"y":147,"width":48,"height":9}},{"id":"2896e0af-dbc5-44bc-b5cf-4ac3c82c9ab3","block_type":"box","text":"Investment","page_number":98,"box":{"x":230,"y":147,"width":70,"height":7}},{"id":"aa109ed1-a6c3-4d0a-adcd-6344304b60e2","block_type":"box","text":"Market","page_number":98,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"566361fb-a146-4c5b-9f9f-d8d1269b1048","block_type":"box","text":"Value","page_number":98,"box":{"x":765,"y":136,"width":35,"height":7}},{"id":"1b2a8c61-8efd-47df-9bc3-c7f5e13b8985","block_type":"box","text":"£","page_number":98,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"3d32279e-72b1-4633-a91d-b16ad8885c51","block_type":"box","text":"% of","page_number":98,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"9dc82e56-3918-4beb-b274-00627798fcf2","block_type":"box","text":"Net Assets","page_number":98,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"7451466d-ca67-488e-949d-a3b3b3f06562","block_type":"box","text":"Digitalisation","page_number":98,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"f4254c61-6f05-49f9-ac48-02f0b5987076","block_type":"box","text":"26.00% (31 December 2025 - 23.07%)","page_number":98,"box":{"x":147,"y":179,"width":295,"height":11}},{"id":"8a953b92-f688-44e7-98e8-094ff36afe4a","block_type":"box","text":"77,133","page_number":98,"box":{"x":145,"y":198,"width":50,"height":10}},{"id":"09cb12e9-bded-484d-9271-445affe74786","block_type":"box","text":"Alphabet 'A'","page_number":98,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"b96f4137-7032-47fa-ac48-764ea9dfbbaa","block_type":"box","text":"20,759,934","page_number":98,"box":{"x":717,"y":198,"width":82,"height":10}},{"id":"4257d283-8e77-4495-aae4-7a7972bc4256","block_type":"box","text":"4.30","page_number":98,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"7897f30a-6631-4270-b697-4f636393659c","block_type":"box","text":"86,325","page_number":98,"box":{"x":145,"y":213,"width":50,"height":10}},{"id":"5b564ab2-f097-4dd3-b0d2-72404c3d6650","block_type":"box","text":"American Tower","page_number":98,"box":{"x":229,"y":213,"width":120,"height":9}},{"id":"54643796-93e1-404e-897d-b506714bb2f0","block_type":"box","text":"10,726,078","page_number":98,"box":{"x":718,"y":213,"width":81,"height":10}},{"id":"0b66c62b-304d-424b-a897-b9da7ab38fbb","block_type":"box","text":"2.22","page_number":98,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"a389dff4-afe1-4888-972e-7390f1f23b9c","block_type":"box","text":"46,558","page_number":98,"box":{"x":144,"y":229,"width":51,"height":10}},{"id":"e7b0ef4b-7b43-46b9-a93e-18a538aa6f60","block_type":"box","text":"Apple","page_number":98,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"efe51634-bf53-4cc3-91fd-097f02cd7fa0","block_type":"box","text":"10,740,667","page_number":98,"box":{"x":718,"y":229,"width":81,"height":10}},{"id":"03ea47ac-a546-476f-b6c1-f52acc02ee65","block_type":"box","text":"2.22","page_number":98,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"3f2c9411-51a6-4572-8f84-9a77effa9403","block_type":"box","text":"67,370","page_number":98,"box":{"x":145,"y":244,"width":50,"height":10}},{"id":"4fa46475-21b4-4f9b-9626-e2936c195a3c","block_type":"box","text":"Cisco Systems","page_number":98,"box":{"x":230,"y":244,"width":109,"height":11}},{"id":"48118b75-a759-4c12-874e-a27b9a78945e","block_type":"box","text":"5,683,642","page_number":98,"box":{"x":726,"y":244,"width":73,"height":10}},{"id":"e1a541f1-1a88-4204-bb14-925b45275318","block_type":"box","text":"1.18","page_number":98,"box":{"x":926,"y":244,"width":30,"height":9}},{"id":"d4d27447-b187-4e9f-aa2d-ec1615b687a2","block_type":"box","text":"107,273","page_number":98,"box":{"x":137,"y":259,"width":58,"height":11}},{"id":"57438df8-16f0-42eb-bfb1-82bd22ec1a4b","block_type":"box","text":"London Stock Exchange Group","page_number":98,"box":{"x":230,"y":259,"width":232,"height":11}},{"id":"62a4d4fa-2936-47e8-ab36-53c09ed70c9f","block_type":"box","text":"9,296,278","page_number":98,"box":{"x":726,"y":259,"width":73,"height":11}},{"id":"7437f1ac-de58-4980-989d-112344e87fd9","block_type":"box","text":"1.92","page_number":98,"box":{"x":926,"y":259,"width":30,"height":9}},{"id":"b6d428bf-3063-4cfe-bb05-8f6061513be1","block_type":"box","text":"18,845","page_number":98,"box":{"x":146,"y":275,"width":49,"height":10}},{"id":"9685819e-8e6e-4b49-af4b-fa641220f6f6","block_type":"box","text":"Mastercard 'A'","page_number":98,"box":{"x":230,"y":275,"width":104,"height":8}},{"id":"4402bb5b-75fd-4165-bae5-c5e35cf67674","block_type":"box","text":"7,608,258","page_number":98,"box":{"x":726,"y":275,"width":73,"height":10}},{"id":"a6e29838-1ad4-4a46-b645-4e7713b587fa","block_type":"box","text":"1.58","page_number":98,"box":{"x":926,"y":275,"width":30,"height":8}},{"id":"118bb16c-de51-4fc3-812d-0471698d0f5c","block_type":"box","text":"19,570","page_number":98,"box":{"x":146,"y":290,"width":49,"height":10}},{"id":"19b1e181-36f3-4f55-9ad9-08274845c6ec","block_type":"box","text":"Meta Platforms 'A'","page_number":98,"box":{"x":230,"y":290,"width":133,"height":9}},{"id":"0ea783b5-ca5e-496b-beba-bd2a383da273","block_type":"box","text":"8,536,372","page_number":98,"box":{"x":726,"y":290,"width":73,"height":10}},{"id":"e231071c-d341-42d9-97c8-3ebd4e040795","block_type":"box","text":"1.77","page_number":98,"box":{"x":926,"y":290,"width":30,"height":9}},{"id":"44046f10-3d3f-496e-8f9b-661695afaa6f","block_type":"box","text":"73,358","page_number":98,"box":{"x":145,"y":305,"width":50,"height":11}},{"id":"b18140df-2541-4e09-a596-e95755c884bf","block_type":"box","text":"Microsoft","page_number":98,"box":{"x":230,"y":305,"width":67,"height":9}},{"id":"ac5d123d-90f8-4cd1-b852-65cbd77f4a96","block_type":"box","text":"21,397,522","page_number":98,"box":{"x":717,"y":305,"width":82,"height":11}},{"id":"0c31cbcb-f502-4607-a354-a06b0f150d18","block_type":"box","text":"4.43","page_number":98,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"1d0ce1e1-7683-4432-8335-90bc8f70dad0","block_type":"box","text":"34,460","page_number":98,"box":{"x":145,"y":321,"width":50,"height":10}},{"id":"40de634e-163c-465d-93c2-022356d57dca","block_type":"box","text":"NetApp","page_number":98,"box":{"x":230,"y":321,"width":54,"height":11}},{"id":"65521192-08ad-4535-80e7-6292f6ea0d1f","block_type":"box","text":"3,974,992","page_number":98,"box":{"x":726,"y":321,"width":73,"height":10}},{"id":"dfe6abd1-d988-40ad-b763-16314d90f30a","block_type":"box","text":"0.82","page_number":98,"box":{"x":925,"y":321,"width":31,"height":8}},{"id":"d61d3ffe-b42b-43a0-8acd-afc1220b4cc6","block_type":"box","text":"82,568","page_number":98,"box":{"x":145,"y":336,"width":50,"height":10}},{"id":"93c1b793-fa7e-44d6-b414-f0de2f88a452","block_type":"box","text":"Netflix","page_number":98,"box":{"x":230,"y":336,"width":45,"height":9}},{"id":"87389dfc-0afa-458d-b1e2-dcbd219093d4","block_type":"box","text":"4,796,145","page_number":98,"box":{"x":726,"y":336,"width":73,"height":10}},{"id":"a94f4547-fec1-44c6-8ed5-8472fb7d087e","block_type":"box","text":"0.99","page_number":98,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"e51bd019-5bb5-4f7f-b989-e6d93c965fca","block_type":"box","text":"245,029","page_number":98,"box":{"x":135,"y":351,"width":60,"height":11}},{"id":"1cca2fb9-75ce-485a-8d35-636e2e648ce4","block_type":"box","text":"RELX","page_number":98,"box":{"x":230,"y":351,"width":43,"height":9}},{"id":"e64ba5f3-a81d-43cd-901f-21927da91a96","block_type":"box","text":"5,718,977","page_number":98,"box":{"x":726,"y":351,"width":73,"height":11}},{"id":"f463634b-a4c9-479d-b333-bd3b90bb9307","block_type":"box","text":"1.18","page_number":98,"box":{"x":926,"y":352,"width":30,"height":8}},{"id":"400d5186-9b58-4d61-893d-38414b330ca3","block_type":"box","text":"6,565","page_number":98,"box":{"x":154,"y":367,"width":41,"height":10}},{"id":"7212b456-6d08-42d9-868b-5954d5b563bd","block_type":"box","text":"SK Hynix","page_number":98,"box":{"x":230,"y":367,"width":68,"height":11}},{"id":"e3130fd6-3b78-4509-bab9-a8baa336e2e2","block_type":"box","text":"7,794,802","page_number":98,"box":{"x":726,"y":367,"width":73,"height":10}},{"id":"c913b021-8812-4cc3-9946-550b0665c7d4","block_type":"box","text":"1.61","page_number":98,"box":{"x":926,"y":367,"width":28,"height":9}},{"id":"b0b32bbc-7920-456d-b037-40f449701701","block_type":"box","text":"889,700","page_number":98,"box":{"x":136,"y":382,"width":59,"height":10}},{"id":"997a1c18-ccc4-4351-a115-c31b3f14c014","block_type":"box","text":"Sunny Optical Technology","page_number":98,"box":{"x":230,"y":382,"width":193,"height":11}},{"id":"475bb57d-7b00-408a-bfb5-28ee624bdbeb","block_type":"box","text":"5,095,312","page_number":98,"box":{"x":726,"y":382,"width":73,"height":10}},{"id":"702d1242-f864-4570-a682-0a9569aa88ae","block_type":"box","text":"1.06","page_number":98,"box":{"x":926,"y":382,"width":30,"height":9}},{"id":"d8e893d1-f3e3-437b-a67f-74f7ca38ff0a","block_type":"box","text":"84,300","page_number":98,"box":{"x":145,"y":397,"width":50,"height":11}},{"id":"ec40f7b4-5e98-460d-b770-845e489786e2","block_type":"box","text":"Tencent Holdings","page_number":98,"box":{"x":229,"y":398,"width":128,"height":11}},{"id":"0ee00b42-692f-4d27-bd3a-391aa387399d","block_type":"box","text":"3,469,623","page_number":98,"box":{"x":726,"y":397,"width":73,"height":11}},{"id":"42c4d100-83e9-4aa8-97cd-271256746c7e","block_type":"box","text":"0.72","page_number":98,"box":{"x":925,"y":397,"width":31,"height":9}},{"id":"59a7160f-18f2-435d-bed2-2b906d0d1c62","block_type":"box","text":"125,598,602","page_number":98,"box":{"x":708,"y":415,"width":91,"height":11}},{"id":"577abc82-3c1a-4e9e-8562-05cce82c6776","block_type":"box","text":"26.00","page_number":98,"box":{"x":916,"y":415,"width":40,"height":9}},{"id":"e4ed26cc-02e8-4cc0-b188-ab37b9e9fc4b","block_type":"box","text":"Automation","page_number":98,"box":{"x":42,"y":447,"width":92,"height":8}},{"id":"ccf96d81-0ede-4f10-a6db-4884ee211367","block_type":"box","text":"12.98% (31 December 2025 - 12.95%)","page_number":98,"box":{"x":135,"y":446,"width":295,"height":12}},{"id":"6a9f2c86-9a76-426d-a5c4-746d7edac0b3","block_type":"box","text":"5,251","page_number":98,"box":{"x":154,"y":465,"width":39,"height":10}},{"id":"5bdcbc72-5d99-495a-bcca-b34f3aefb0b4","block_type":"box","text":"ASML Holding","page_number":98,"box":{"x":229,"y":465,"width":105,"height":11}},{"id":"7fd941a1-2d1c-46fd-9277-318a53d0ef41","block_type":"box","text":"7,350,941","page_number":98,"box":{"x":726,"y":465,"width":71,"height":10}},{"id":"a64feda5-7d17-4ea2-93f8-bc041e2eea61","block_type":"box","text":"1.52","page_number":98,"box":{"x":926,"y":465,"width":30,"height":9}},{"id":"5b9b4149-6631-401d-92ea-80e785d0f034","block_type":"box","text":"38,583","page_number":98,"box":{"x":145,"y":480,"width":50,"height":11}},{"id":"143a292f-8bfd-4ed5-81ba-070044044c14","block_type":"box","text":"Broadcom","page_number":98,"box":{"x":230,"y":481,"width":74,"height":8}},{"id":"9b4aa745-0004-4276-a1c9-9becd98674d7","block_type":"box","text":"10,403,472","page_number":98,"box":{"x":718,"y":480,"width":81,"height":11}},{"id":"2a9fc453-4a54-4e86-92a7-9a41b92cbb2e","block_type":"box","text":"2.16","page_number":98,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"18ba92e1-b6fb-4905-8797-56cb0baf6747","block_type":"box","text":"80,930","page_number":98,"box":{"x":145,"y":496,"width":50,"height":10}},{"id":"f175ccb7-39ee-4d73-ab03-f57081276a08","block_type":"box","text":"Emerson Electric","page_number":98,"box":{"x":230,"y":496,"width":126,"height":9}},{"id":"f9a68cce-8c3c-4c38-b2c6-bf765744ae1a","block_type":"box","text":"8,420,476","page_number":98,"box":{"x":726,"y":496,"width":73,"height":10}},{"id":"b1e5c71a-b553-4de9-b3d0-d39ca99d5114","block_type":"box","text":"1.74","page_number":98,"box":{"x":926,"y":496,"width":30,"height":9}},{"id":"bb60bf28-8b84-4e44-b4bd-77ed96589858","block_type":"box","text":"166,203","page_number":98,"box":{"x":137,"y":511,"width":58,"height":11}},{"id":"38f21d16-2c27-4114-a122-cf8500aa0cd1","block_type":"box","text":"NVIDIA","page_number":98,"box":{"x":230,"y":511,"width":55,"height":9}},{"id":"f1f3fbd6-7dc4-43a5-af9e-b9c568853d1d","block_type":"box","text":"24,199,751","page_number":98,"box":{"x":717,"y":511,"width":80,"height":11}},{"id":"7893b020-d578-4d0e-837e-9f58beaed469","block_type":"box","text":"5.01","page_number":98,"box":{"x":925,"y":511,"width":29,"height":9}},{"id":"76cf3ebe-735b-4cf0-a8c5-7893f0c8df7f","block_type":"box","text":"26,414","page_number":98,"box":{"x":145,"y":527,"width":50,"height":10}},{"id":"1971d813-0a71-41ac-8319-ca843c790b42","block_type":"box","text":"Schneider Electric","page_number":98,"box":{"x":230,"y":527,"width":134,"height":8}},{"id":"3601206d-a36b-4b7c-ba5a-3fe0094c8a5b","block_type":"box","text":"6,337,866","page_number":98,"box":{"x":726,"y":527,"width":73,"height":10}},{"id":"2d70b6ae-1058-4f7b-807d-02a6fb0fe37f","block_type":"box","text":"1.31","page_number":98,"box":{"x":926,"y":527,"width":28,"height":8}},{"id":"c2e6f1ae-9bd7-4c0c-9711-f1e755afa489","block_type":"box","text":"27,256","page_number":98,"box":{"x":145,"y":542,"width":50,"height":10}},{"id":"27d12fe4-e54f-4b5f-943e-c3e6008a9607","block_type":"box","text":"Texas Instruments","page_number":98,"box":{"x":229,"y":542,"width":136,"height":9}},{"id":"ad9edeb0-e4ea-4c66-b62e-767fd67d64d0","block_type":"box","text":"5,980,301","page_number":98,"box":{"x":726,"y":542,"width":71,"height":10}},{"id":"d802e5e8-b204-4f00-83f3-1d9b1d9a42c9","block_type":"box","text":"1.24","page_number":98,"box":{"x":926,"y":542,"width":30,"height":9}},{"id":"e7837e1f-b3e9-4b01-a8de-92fd2b351471","block_type":"box","text":"62,692,807","page_number":98,"box":{"x":717,"y":560,"width":82,"height":10}},{"id":"6973bdf1-e866-4109-8bdd-13aacec83df6","block_type":"box","text":"12.98","page_number":98,"box":{"x":916,"y":560,"width":40,"height":9}},{"id":"4efd128e-5ce5-4c68-84aa-602a610bb722","block_type":"box","text":"Ageing","page_number":98,"box":{"x":42,"y":591,"width":56,"height":11}},{"id":"bd3dff23-308c-4b09-a916-661aaab53e63","block_type":"box","text":"12.41% (31 December 2025 - 14.34%)","page_number":98,"box":{"x":99,"y":591,"width":295,"height":11}},{"id":"b63981ad-2d41-4a78-a47b-b0183727d982","block_type":"box","text":"1,497,200","page_number":98,"box":{"x":123,"y":610,"width":72,"height":10}},{"id":"3cb7b623-490f-4876-9f39-be4cbcaadb3e","block_type":"box","text":"AIA Group","page_number":98,"box":{"x":229,"y":609,"width":77,"height":12}},{"id":"4dd9dc0e-71e5-4262-ba64-dd978419387b","block_type":"box","text":"10,467,992","page_number":98,"box":{"x":718,"y":610,"width":81,"height":10}},{"id":"b1334ae4-5175-4f97-b039-3cdf50dbda59","block_type":"box","text":"2.17","page_number":98,"box":{"x":925,"y":610,"width":31,"height":8}},{"id":"3009c638-ec75-4534-bfc0-3af16a729bae","block_type":"box","text":"10,296","page_number":98,"box":{"x":146,"y":625,"width":49,"height":10}},{"id":"da969f02-a6fa-4632-99f4-541d579e5900","block_type":"box","text":"BlackRock","page_number":98,"box":{"x":230,"y":625,"width":78,"height":9}},{"id":"7a887303-71f2-473a-bbae-9a4545817c03","block_type":"box","text":"7,664,401","page_number":98,"box":{"x":726,"y":625,"width":71,"height":10}},{"id":"8989c6e1-178a-4880-902c-bb98a502f2a0","block_type":"box","text":"1.59","page_number":98,"box":{"x":926,"y":625,"width":30,"height":9}},{"id":"261c3f40-7356-4a07-8691-87987ef09065","block_type":"box","text":"380,154","page_number":98,"box":{"x":136,"y":640,"width":59,"height":11}},{"id":"819b3b09-556d-4959-9222-3a5833c16c05","block_type":"box","text":"GSK","page_number":98,"box":{"x":230,"y":640,"width":34,"height":9}},{"id":"49b86ad9-5d6d-48fd-95fe-19ee2936e37d","block_type":"box","text":"7,656,301","page_number":98,"box":{"x":726,"y":640,"width":71,"height":11}},{"id":"39752bd7-657c-4d0a-a7a3-eb9efa9160f4","block_type":"box","text":"1.58","page_number":98,"box":{"x":926,"y":640,"width":30,"height":9}},{"id":"2e054792-9be2-4082-9e5c-8cee9adc0733","block_type":"box","text":"19,443","page_number":98,"box":{"x":146,"y":656,"width":49,"height":10}},{"id":"48c5193c-d8c1-475b-ad99-8d91071fc596","block_type":"box","text":"Intuitive Surgical","page_number":98,"box":{"x":230,"y":656,"width":121,"height":11}},{"id":"91578e20-3909-4184-b961-d128309d4212","block_type":"box","text":"6,199,634","page_number":98,"box":{"x":726,"y":656,"width":73,"height":10}},{"id":"0de2b83e-2c37-4443-8194-616f49be1f10","block_type":"box","text":"1.28","page_number":98,"box":{"x":926,"y":656,"width":30,"height":8}},{"id":"86ac0c73-6073-4460-b326-d2a692d6912c","block_type":"box","text":"183,393","page_number":98,"box":{"x":137,"y":671,"width":58,"height":10}},{"id":"462986de-852a-44f8-a06d-b010e6e137f2","block_type":"box","text":"Medtronic","page_number":98,"box":{"x":230,"y":671,"width":72,"height":9}},{"id":"dedffd16-f321-4904-8a14-9e14dd12dd43","block_type":"box","text":"11,420,272","page_number":98,"box":{"x":719,"y":671,"width":80,"height":10}},{"id":"58fda433-0e32-4a29-9819-26469e21dad1","block_type":"box","text":"2.36","page_number":98,"box":{"x":925,"y":671,"width":31,"height":9}},{"id":"952c063b-c970-4e6a-9daa-da269a47bc4a","block_type":"box","text":"69,146","page_number":98,"box":{"x":145,"y":686,"width":50,"height":11}},{"id":"adf98871-8622-4002-84a7-579258dd6f7f","block_type":"box","text":"Merck & Company","page_number":98,"box":{"x":230,"y":686,"width":137,"height":12}},{"id":"49e844e0-014e-45f3-89f4-dc2698b09162","block_type":"box","text":"6,704,172","page_number":98,"box":{"x":726,"y":686,"width":73,"height":11}},{"id":"86314f56-32e9-44da-89d9-7bbb9ac43b84","block_type":"box","text":"1.39","page_number":98,"box":{"x":926,"y":686,"width":30,"height":9}},{"id":"8644c8ed-46b9-4e3f-a510-ffc6c5017bd8","block_type":"box","text":"139,519","page_number":98,"box":{"x":137,"y":702,"width":58,"height":10}},{"id":"466416bb-bd1b-49b9-b836-07e099a3df2c","block_type":"box","text":"Siemens Healthineers","page_number":98,"box":{"x":230,"y":702,"width":163,"height":9}},{"id":"3b055105-f9c9-46db-b46a-238acff762c5","block_type":"box","text":"4,172,333","page_number":98,"box":{"x":726,"y":702,"width":73,"height":10}},{"id":"103ac2df-2e8d-4698-8f7e-09170dec504a","block_type":"box","text":"0.86","page_number":98,"box":{"x":925,"y":702,"width":31,"height":9}},{"id":"6b91918d-717d-484d-839f-f1a0a41a329c","block_type":"box","text":"228,300","page_number":98,"box":{"x":135,"y":717,"width":60,"height":10}},{"id":"18b05ed7-5448-4c36-b483-4b10ef9e5d09","block_type":"box","text":"Takeda Pharmaceutical Company","page_number":98,"box":{"x":229,"y":717,"width":251,"height":11}},{"id":"16ba56fb-8a72-4a55-b1cb-b10dc96e164a","block_type":"box","text":"5,677,922","page_number":98,"box":{"x":726,"y":717,"width":73,"height":10}},{"id":"81b4d95f-88e7-40a0-b4a4-8a53de3962ff","block_type":"box","text":"1.18","page_number":98,"box":{"x":926,"y":717,"width":30,"height":9}},{"id":"b2b27ae5-0f56-40c0-857b-171080f37820","block_type":"box","text":"59,963,027","page_number":98,"box":{"x":717,"y":735,"width":82,"height":11}},{"id":"64fe011c-e406-4adf-9441-0d7c3e5dd97c","block_type":"box","text":"12.41","page_number":98,"box":{"x":916,"y":735,"width":38,"height":9}},{"id":"b228ae64-d50f-4002-af32-c00008da4492","block_type":"box","text":"Evolving Consumption","page_number":98,"box":{"x":43,"y":766,"width":181,"height":11}},{"id":"c0afae49-b10d-4545-b1e2-8bf0c5dc3123","block_type":"box","text":"15.12% (31 December 2025 - 19.78%)","page_number":98,"box":{"x":231,"y":766,"width":289,"height":11}},{"id":"85a9dc83-fd06-4b1f-a686-4d6358b31617","block_type":"box","text":"67,108","page_number":98,"box":{"x":145,"y":785,"width":50,"height":10}},{"id":"27e9762d-6dd2-4754-9117-28cc1fce3405","block_type":"box","text":"Colgate-Palmolive","page_number":98,"box":{"x":230,"y":785,"width":134,"height":11}},{"id":"eb1c1ca9-f324-4f3c-bf00-9cc0db1aedee","block_type":"box","text":"4,777,315","page_number":98,"box":{"x":726,"y":785,"width":73,"height":10}},{"id":"5e5b6f2d-b32a-497d-ab5f-267c9c2ee888","block_type":"box","text":"0.99","page_number":98,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"6ac4f3cf-2cc8-48c0-bc97-19c7bd0f17e7","block_type":"box","text":"362,564","page_number":98,"box":{"x":136,"y":800,"width":59,"height":10}},{"id":"d030670f-866b-41ff-9127-fec644b11b64","block_type":"box","text":"Compass Group","page_number":98,"box":{"x":230,"y":800,"width":120,"height":11}},{"id":"efa5be00-fa7a-4d3c-b8ef-2e8624fa14fd","block_type":"box","text":"8,878,508","page_number":98,"box":{"x":726,"y":800,"width":73,"height":10}},{"id":"343a0887-1a2e-44c7-a457-4d05a1faa6c1","block_type":"box","text":"1.84","page_number":98,"box":{"x":926,"y":800,"width":30,"height":9}},{"id":"aeaf3ed1-5f5b-4945-ac4d-ffa0d70f542a","block_type":"box","text":"65,059","page_number":98,"box":{"x":145,"y":815,"width":50,"height":11}},{"id":"1b5bf078-5cec-4b6c-a94d-2bb9029f16ab","block_type":"box","text":"EssilorLuxottica","page_number":98,"box":{"x":230,"y":816,"width":116,"height":8}},{"id":"614bdc09-891d-4b58-a74a-297eb8eb154c","block_type":"box","text":"9,597,017","page_number":98,"box":{"x":726,"y":815,"width":73,"height":11}},{"id":"b829e505-a486-4a1d-a447-e1d5d93d1ba9","block_type":"box","text":"1.98","page_number":98,"box":{"x":926,"y":815,"width":30,"height":9}},{"id":"f60e4a90-55e7-45a5-b0c2-6adc8a9dc08a","block_type":"box","text":"42,166","page_number":98,"box":{"x":144,"y":831,"width":51,"height":10}},{"id":"2c59cb57-3f2a-4d3f-b789-b4f50f4652a9","block_type":"box","text":"Home Depot","page_number":98,"box":{"x":230,"y":831,"width":93,"height":11}},{"id":"bcd2a218-22a3-433d-a738-bdfb56877817","block_type":"box","text":"11,294,457","page_number":98,"box":{"x":719,"y":831,"width":80,"height":10}},{"id":"f6d2a714-af0a-4bef-a454-7ebaef50b907","block_type":"box","text":"2.34","page_number":98,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"dc3ffb5b-b1c8-4168-8dac-142b2a5dd550","block_type":"box","text":"166,058","page_number":98,"box":{"x":137,"y":846,"width":58,"height":11}},{"id":"7fd8c3f2-3caf-425f-8015-80e04830a4f8","block_type":"box","text":"Industria de Diseno Textil","page_number":98,"box":{"x":230,"y":846,"width":185,"height":9}},{"id":"02cac3da-0703-487d-9ace-b73115f43732","block_type":"box","text":"8,133,916","page_number":98,"box":{"x":726,"y":846,"width":73,"height":11}},{"id":"b8b211c7-bbce-4cd4-9d11-eb871c5a1958","block_type":"box","text":"1.68","page_number":98,"box":{"x":926,"y":846,"width":30,"height":9}},{"id":"0fea3f34-554d-4b5e-98b8-7b7984b7fb76","block_type":"box","text":"35,651","page_number":98,"box":{"x":145,"y":862,"width":48,"height":10}},{"id":"4e1ecf9b-e0ff-49ed-9008-03f2d24458c2","block_type":"box","text":"L'Oreal","page_number":98,"box":{"x":230,"y":862,"width":51,"height":8}},{"id":"2a65d830-232e-441a-b02b-759d3b5e5b8a","block_type":"box","text":"11,676,927","page_number":98,"box":{"x":719,"y":862,"width":80,"height":10}},{"id":"647fd43a-b237-4531-8251-6162f9ddb90a","block_type":"box","text":"2.42","page_number":98,"box":{"x":925,"y":862,"width":31,"height":8}},{"id":"1b9620b5-a678-4063-9a4e-3ea51d4a364d","block_type":"box","text":"25,832","page_number":98,"box":{"x":145,"y":877,"width":50,"height":10}},{"id":"62905c69-2b52-44c4-84c1-14f9a5a29316","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":98,"box":{"x":230,"y":877,"width":266,"height":11}},{"id":"f6ef6bb3-b1de-4c12-b232-dab79066c7e4","block_type":"box","text":"10,969,143","page_number":98,"box":{"x":718,"y":877,"width":81,"height":10}},{"id":"dc221f24-eb35-4a37-8471-b32dcbf4390e","block_type":"box","text":"2.27","page_number":98,"box":{"x":925,"y":877,"width":31,"height":9}},{"id":"1101698d-ed74-4f6b-9b65-00c27e3fd631","block_type":"box","text":"166,955","page_number":98,"box":{"x":137,"y":892,"width":58,"height":11}},{"id":"c6b8d5f5-6820-4520-a894-03f2473faa67","block_type":"box","text":"Unilever","page_number":98,"box":{"x":230,"y":892,"width":61,"height":9}},{"id":"e5d6c0c2-cd9d-4cd8-a028-0770b1f2a2b4","block_type":"box","text":"7,713,321","page_number":98,"box":{"x":726,"y":892,"width":71,"height":11}},{"id":"fe9f4e0a-5201-43ab-8ca0-793e5f289580","block_type":"box","text":"1.60","page_number":98,"box":{"x":926,"y":892,"width":30,"height":9}},{"id":"940c3b6f-711d-4f3b-9689-64b769e22d49","block_type":"box","text":"73,040,604","page_number":98,"box":{"x":717,"y":910,"width":83,"height":11}},{"id":"182ead7c-0791-4f8a-a7f8-97d0f4938676","block_type":"box","text":"15.12","page_number":98,"box":{"x":916,"y":910,"width":40,"height":9}},{"id":"794111ce-ceae-4473-812d-ea5e4f2ded07","block_type":"box","text":"98","page_number":99,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"e29d538f-77e5-44dc-8354-861667970696","block_type":"box","text":"99","page_number":99,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"adc8051d-5388-479d-b9cb-bcbde9ae2abd","block_type":"box","text":"SARASIN Global Dividend","page_number":99,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"e5edaade-530f-4aad-9e6c-204dc631378d","block_type":"box","text":"Portfolio Statement (continued)","page_number":99,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"cc9f6d9f-9db3-4ac5-b017-34a6804c5257","block_type":"box","text":"Holding","page_number":99,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"37010128-97a9-4ebc-a790-8c996d2c28a0","block_type":"box","text":"Investment","page_number":99,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"b79cfd49-5417-471a-9231-c9c5693237bb","block_type":"box","text":"Market","page_number":99,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"1e48b3c3-7892-415c-9d6f-b6a33ce617c4","block_type":"box","text":"Value","page_number":99,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"a0b7e556-b685-480d-ab9e-d0f91e5eac2d","block_type":"box","text":"£","page_number":99,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"b421a1cb-ffde-489a-9fdc-28dcbb316a91","block_type":"box","text":"% of","page_number":99,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"5b77f17e-ad4d-4c54-8eb3-5858fe89de5d","block_type":"box","text":"Net Assets","page_number":99,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"be9e4565-3d28-4b1d-a00a-f9435b37c8ca","block_type":"box","text":"Security","page_number":99,"box":{"x":42,"y":164,"width":66,"height":11}},{"id":"889dc1cd-0f8e-4dd9-86e7-e97321bc8347","block_type":"box","text":"15.64% (31 December 2025 - 7.38%)","page_number":99,"box":{"x":108,"y":164,"width":286,"height":11}},{"id":"2ee85d4d-ac4b-40c8-b6f7-ee9adb0d2f1f","block_type":"box","text":"479,585","page_number":99,"box":{"x":135,"y":183,"width":60,"height":10}},{"id":"21a8fd36-9ed9-4518-a8e6-eadc660f3510","block_type":"box","text":"Bank of Ireland Group","page_number":99,"box":{"x":230,"y":183,"width":163,"height":11}},{"id":"5104f30c-7592-4b2d-bc46-6d9f58c67160","block_type":"box","text":"7,117,515","page_number":99,"box":{"x":727,"y":183,"width":72,"height":10}},{"id":"01cec1ce-10d0-466f-93a4-9acaa322691d","block_type":"box","text":"1.47","page_number":99,"box":{"x":926,"y":183,"width":30,"height":8}},{"id":"3cf04ea0-046c-4e02-b599-247dfa448021","block_type":"box","text":"291,089","page_number":99,"box":{"x":135,"y":198,"width":60,"height":11}},{"id":"27911d33-5d9e-49cb-a1c2-51f6ea4750e9","block_type":"box","text":"BHP Group","page_number":99,"box":{"x":230,"y":198,"width":84,"height":11}},{"id":"15280f13-4d64-452a-942c-b44838d123d4","block_type":"box","text":"9,143,947","page_number":99,"box":{"x":726,"y":198,"width":73,"height":11}},{"id":"5ce8b458-2a70-43dd-9b24-f823289ef19d","block_type":"box","text":"1.89","page_number":99,"box":{"x":926,"y":198,"width":30,"height":9}},{"id":"159cdef5-11af-4179-b8d0-9c7e1b7f4cc1","block_type":"box","text":"69,420","page_number":99,"box":{"x":145,"y":214,"width":50,"height":10}},{"id":"71fdf89e-570c-4853-ad7c-65f5c4f79fdc","block_type":"box","text":"BNP Paribas","page_number":99,"box":{"x":230,"y":214,"width":94,"height":8}},{"id":"6bbccd1d-01d4-4fe6-bdb8-2898054bd266","block_type":"box","text":"6,104,943","page_number":99,"box":{"x":726,"y":214,"width":73,"height":10}},{"id":"ade9bd86-d769-4c44-ac2f-848d06e4b200","block_type":"box","text":"1.27","page_number":99,"box":{"x":926,"y":214,"width":30,"height":8}},{"id":"f7d4cebd-2790-43e4-a2e4-c70dcfe8fec5","block_type":"box","text":"85,414","page_number":99,"box":{"x":145,"y":229,"width":50,"height":10}},{"id":"97368883-0ab3-4120-a550-f36603ee628d","block_type":"box","text":"CME Group","page_number":99,"box":{"x":230,"y":229,"width":87,"height":11}},{"id":"4f60f761-aa45-4829-ab74-fcfe6c5e3e65","block_type":"box","text":"15,126,094","page_number":99,"box":{"x":718,"y":229,"width":81,"height":10}},{"id":"6c59f6a9-be4a-4008-9776-919672277af9","block_type":"box","text":"3.13","page_number":99,"box":{"x":925,"y":229,"width":31,"height":9}},{"id":"2a915c4c-c517-4589-9ceb-c48882adcda0","block_type":"box","text":"43,826","page_number":99,"box":{"x":144,"y":244,"width":51,"height":11}},{"id":"8e1ff545-cfdd-4467-afd0-00b7bfbabec3","block_type":"box","text":"Euronext","page_number":99,"box":{"x":230,"y":244,"width":66,"height":9}},{"id":"f9d11e55-44bf-4fa3-b163-ffb5ddfd8d50","block_type":"box","text":"5,545,083","page_number":99,"box":{"x":726,"y":244,"width":73,"height":11}},{"id":"683299d3-1c7b-42d2-bdc7-65582d7fb925","block_type":"box","text":"1.15","page_number":99,"box":{"x":926,"y":244,"width":31,"height":9}},{"id":"bb8a0e5a-f6c5-459f-b44c-cd6517bf745f","block_type":"box","text":"253,367","page_number":99,"box":{"x":135,"y":260,"width":60,"height":10}},{"id":"b6a067a0-0279-4789-9973-9b8b58e283b9","block_type":"box","text":"ING Groep","page_number":99,"box":{"x":230,"y":260,"width":79,"height":11}},{"id":"26ec4747-42c8-4700-a183-ab6cfa0d9d41","block_type":"box","text":"6,140,147","page_number":99,"box":{"x":726,"y":260,"width":73,"height":10}},{"id":"da086b1f-58b4-4d3b-88be-bfff0d90f85d","block_type":"box","text":"1.27","page_number":99,"box":{"x":926,"y":260,"width":30,"height":8}},{"id":"d5ebe43b-aa28-484d-9b79-b3db0f4a63fc","block_type":"box","text":"192,614","page_number":99,"box":{"x":137,"y":275,"width":58,"height":10}},{"id":"879b2c78-13af-4ef2-a752-c5b78bddd8c8","block_type":"box","text":"Intertek Group","page_number":99,"box":{"x":230,"y":275,"width":106,"height":11}},{"id":"afb49d85-d54c-4cbc-8871-484a34d06ec6","block_type":"box","text":"11,200,504","page_number":99,"box":{"x":719,"y":275,"width":80,"height":10}},{"id":"24e8d978-4d77-4b85-af20-de2642e1ef66","block_type":"box","text":"2.32","page_number":99,"box":{"x":925,"y":275,"width":31,"height":9}},{"id":"5b86b31e-3d3e-40a9-81b6-86de92ff4d6d","block_type":"box","text":"616,127","page_number":99,"box":{"x":136,"y":290,"width":59,"height":11}},{"id":"1552d0fc-0ba6-4b6a-83ca-1c1dd639fea9","block_type":"box","text":"National Bank of Greece","page_number":99,"box":{"x":230,"y":290,"width":181,"height":9}},{"id":"f1d18448-622f-4e23-aeb1-ab9b09844700","block_type":"box","text":"8,296,951","page_number":99,"box":{"x":726,"y":290,"width":71,"height":11}},{"id":"8019b065-7e08-45cd-b4e4-f1275f2fa680","block_type":"box","text":"1.72","page_number":99,"box":{"x":926,"y":290,"width":30,"height":9}},{"id":"09a692b4-1367-4afb-8bb8-1f3f4289a9ea","block_type":"box","text":"237,562","page_number":99,"box":{"x":135,"y":306,"width":60,"height":10}},{"id":"0ae5e716-7654-4cdc-aad7-8daaacba2c0c","block_type":"box","text":"Shell","page_number":99,"box":{"x":230,"y":306,"width":35,"height":9}},{"id":"bb59a57a-003a-4864-a70a-e8ecc03d6acb","block_type":"box","text":"6,869,105","page_number":99,"box":{"x":726,"y":306,"width":73,"height":10}},{"id":"80e6d9d9-3d78-4c70-b7c6-2e21da7e97d2","block_type":"box","text":"1.42","page_number":99,"box":{"x":926,"y":306,"width":30,"height":8}},{"id":"773219db-61fa-47ad-906b-527175cb8b5c","block_type":"box","text":"75,544,289","page_number":99,"box":{"x":717,"y":324,"width":82,"height":10}},{"id":"01091fe6-22be-4d37-bade-d08ad84d60ea","block_type":"box","text":"15.64","page_number":99,"box":{"x":916,"y":324,"width":41,"height":8}},{"id":"00661d42-478f-478b-ab17-6c5808726e80","block_type":"box","text":"Climate Change","page_number":99,"box":{"x":43,"y":355,"width":125,"height":11}},{"id":"c0b41123-c9b4-48f9-91f0-64a4a97938c9","block_type":"box","text":"8.76% (31 December 2025 - 6.15%)","page_number":99,"box":{"x":169,"y":355,"width":276,"height":11}},{"id":"34085c0a-4684-4faa-80c4-60938ef0d858","block_type":"box","text":"93,749","page_number":99,"box":{"x":145,"y":373,"width":50,"height":11}},{"id":"96a9ddd2-bf10-4212-8ddb-4e27bb8064da","block_type":"box","text":"A O Smith","page_number":99,"box":{"x":229,"y":373,"width":74,"height":9}},{"id":"8c5a4b6a-8202-4573-9dbd-5795157e4c39","block_type":"box","text":"4,400,570","page_number":99,"box":{"x":726,"y":373,"width":73,"height":11}},{"id":"8d1015e3-5b99-4032-8cdd-333a9b788889","block_type":"box","text":"0.91","page_number":99,"box":{"x":925,"y":373,"width":29,"height":9}},{"id":"38894cb2-845d-410c-906f-456975bb5ea1","block_type":"box","text":"83,177","page_number":99,"box":{"x":145,"y":389,"width":50,"height":10}},{"id":"2af93c17-9511-4247-9b15-c41f99fbe159","block_type":"box","text":"Air Liquide","page_number":99,"box":{"x":229,"y":389,"width":79,"height":11}},{"id":"a232f4a9-a35a-40fa-9fa2-d28dabc327ca","block_type":"box","text":"12,843,943","page_number":99,"box":{"x":718,"y":389,"width":81,"height":10}},{"id":"7dbf2194-b7b3-4dce-9ec7-1a019c2bc629","block_type":"box","text":"2.66","page_number":99,"box":{"x":925,"y":389,"width":31,"height":9}},{"id":"5c940a54-99d8-4030-b7ca-741211d5c2a1","block_type":"box","text":"94,479","page_number":99,"box":{"x":145,"y":404,"width":50,"height":10}},{"id":"cfc998f6-f25c-42a6-891b-166deeb5a7cc","block_type":"box","text":"Duke Energy","page_number":99,"box":{"x":230,"y":404,"width":96,"height":11}},{"id":"7ba2cb2f-4c0d-4679-9078-ac28c8bdfdc3","block_type":"box","text":"9,158,255","page_number":99,"box":{"x":726,"y":404,"width":73,"height":10}},{"id":"3efc7f0a-0eb7-47c8-8443-eb1e3df1ce5a","block_type":"box","text":"1.90","page_number":99,"box":{"x":926,"y":404,"width":30,"height":9}},{"id":"bf4aa630-edea-402b-897d-aaae45b1ebb3","block_type":"box","text":"25,250","page_number":99,"box":{"x":145,"y":419,"width":50,"height":11}},{"id":"06e6a02f-8423-4cba-8741-4442dfde9044","block_type":"box","text":"Ecolab","page_number":99,"box":{"x":230,"y":419,"width":50,"height":9}},{"id":"79063643-6a8f-4abc-a6cc-690ae63af75e","block_type":"box","text":"5,354,909","page_number":99,"box":{"x":726,"y":419,"width":73,"height":11}},{"id":"67bd4387-02f1-4487-b043-303f9e81a722","block_type":"box","text":"1.11","page_number":99,"box":{"x":928,"y":420,"width":26,"height":8}},{"id":"6409b8ae-9639-4680-b28c-ac1db12c1bf2","block_type":"box","text":"322,961","page_number":99,"box":{"x":136,"y":435,"width":57,"height":10}},{"id":"dde22d25-d46b-4024-b090-159af7a6884f","block_type":"box","text":"Iberdrola","page_number":99,"box":{"x":230,"y":435,"width":64,"height":9}},{"id":"2dd796f5-a82d-494f-91a1-0b277cb155ee","block_type":"box","text":"6,017,347","page_number":99,"box":{"x":726,"y":435,"width":73,"height":10}},{"id":"ff847d13-4b54-4510-8d96-e5c2210fe893","block_type":"box","text":"1.24","page_number":99,"box":{"x":926,"y":435,"width":30,"height":8}},{"id":"c81a2704-3af6-4c34-8ed7-0fdc6d60b669","block_type":"box","text":"34,152","page_number":99,"box":{"x":145,"y":450,"width":50,"height":10}},{"id":"6cae5787-0066-4966-9c5c-be52a0d6c6c5","block_type":"box","text":"Marsh & McLennan Cos","page_number":99,"box":{"x":230,"y":450,"width":178,"height":9}},{"id":"455b0647-2068-4ace-9a79-b7803df1eb51","block_type":"box","text":"4,562,293","page_number":99,"box":{"x":726,"y":450,"width":73,"height":10}},{"id":"2e5957de-ca83-4a2a-8b15-1a923f245df0","block_type":"box","text":"0.94","page_number":99,"box":{"x":925,"y":450,"width":31,"height":9}},{"id":"6f12e05e-c54b-41e2-b8e7-134b4be70cd9","block_type":"box","text":"42,337,317","page_number":99,"box":{"x":716,"y":468,"width":83,"height":11}},{"id":"f8004168-50f1-4201-a290-f0fdcd508ad6","block_type":"box","text":"8.76","page_number":99,"box":{"x":925,"y":468,"width":32,"height":9}},{"id":"f5618844-b820-4770-89bb-e47f74fa2610","block_type":"box","text":"Sustained Income","page_number":99,"box":{"x":42,"y":499,"width":143,"height":9}},{"id":"42965ed8-473c-4a31-a723-c06f3146be93","block_type":"box","text":"7.32% (31 December 2025 - 15.67%)","page_number":99,"box":{"x":186,"y":499,"width":285,"height":11}},{"id":"cc5ad018-0c6b-45c4-9cd0-9fd59b9c9ead","block_type":"box","text":"456,300","page_number":99,"box":{"x":135,"y":518,"width":60,"height":10}},{"id":"9b25023f-ac42-4bae-8e1b-f30dc939cc65","block_type":"box","text":"Bridgestone","page_number":99,"box":{"x":230,"y":518,"width":88,"height":11}},{"id":"e9a5a644-ccc9-4610-9ee9-c186acde4a9b","block_type":"box","text":"7,438,507","page_number":99,"box":{"x":726,"y":518,"width":73,"height":10}},{"id":"6c858337-7d23-465d-b63e-840fc191a4fc","block_type":"box","text":"1.54","page_number":99,"box":{"x":926,"y":518,"width":30,"height":9}},{"id":"3236e7f1-afa3-481f-a2de-860b77470a21","block_type":"box","text":"85,397","page_number":99,"box":{"x":145,"y":533,"width":50,"height":10}},{"id":"8c90f870-dd9f-473a-929f-ca5f64ce256a","block_type":"box","text":"Kimberly-Clark","page_number":99,"box":{"x":230,"y":533,"width":109,"height":11}},{"id":"064ff8d2-060d-415b-aaa6-cc7abac6af26","block_type":"box","text":"7,331,067","page_number":99,"box":{"x":726,"y":533,"width":73,"height":10}},{"id":"82010a63-2e2d-40ff-9d0b-b5c5e592c9f1","block_type":"box","text":"1.52","page_number":99,"box":{"x":926,"y":533,"width":30,"height":9}},{"id":"e3184f68-be4f-4b3e-9750-d44f6f286160","block_type":"box","text":"385,560","page_number":99,"box":{"x":136,"y":549,"width":59,"height":10}},{"id":"ffd35222-ca52-4988-b198-7f1052b47379","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":99,"box":{"x":230,"y":549,"width":195,"height":11}},{"id":"1be87238-307f-4036-8d62-6eebde74e51a","block_type":"box","text":"11,857,200","page_number":99,"box":{"x":719,"y":549,"width":80,"height":10}},{"id":"a3a25486-3abf-4f75-8e60-9a5ff4ca047b","block_type":"box","text":"2.45","page_number":99,"box":{"x":925,"y":549,"width":32,"height":8}},{"id":"2f4c06bd-5e82-493b-8b5d-bfc2bbcd2bc3","block_type":"box","text":"214,104","page_number":99,"box":{"x":135,"y":564,"width":60,"height":10}},{"id":"266cb102-17f5-428a-bfbd-02f2ce43b310","block_type":"box","text":"Pfizer","page_number":99,"box":{"x":230,"y":564,"width":42,"height":9}},{"id":"e8399209-7802-4545-9321-e75ba1c2885c","block_type":"box","text":"3,896,588","page_number":99,"box":{"x":726,"y":564,"width":73,"height":10}},{"id":"55b57e9a-951a-4322-9f3b-ee129c17ee91","block_type":"box","text":"0.81","page_number":99,"box":{"x":925,"y":564,"width":29,"height":9}},{"id":"2c80c652-4f23-4ca9-8ecd-239b891e9785","block_type":"box","text":"15,640","page_number":99,"box":{"x":146,"y":579,"width":49,"height":11}},{"id":"854e1b8f-9edf-42c6-8db9-56a667c8a0c6","block_type":"box","text":"Snap-on","page_number":99,"box":{"x":230,"y":579,"width":61,"height":11}},{"id":"0f05340f-d75a-4a17-9c1e-df4a468ba2cb","block_type":"box","text":"4,824,485","page_number":99,"box":{"x":726,"y":579,"width":73,"height":11}},{"id":"3f6bc18b-58a1-4d28-9cfe-20ddc7673a50","block_type":"box","text":"1.00","page_number":99,"box":{"x":926,"y":579,"width":30,"height":9}},{"id":"4eca0b5f-0886-418e-855d-3b0c27b94511","block_type":"box","text":"35,347,847","page_number":99,"box":{"x":717,"y":597,"width":82,"height":11}},{"id":"7d508a25-02b2-42d9-830f-045ec4756603","block_type":"box","text":"7.32","page_number":99,"box":{"x":925,"y":597,"width":31,"height":9}},{"id":"e321ee45-4f99-4c38-b8b8-c94b61617ab8","block_type":"box","text":"Forward Currency Contracts","page_number":99,"box":{"x":43,"y":628,"width":226,"height":11}},{"id":"3eb33030-5d87-48e6-ac9a-1df11d4fa10f","block_type":"box","text":"0.20% (31 December 2025 - 0.08%)","page_number":99,"box":{"x":270,"y":628,"width":276,"height":11}},{"id":"b2d95230-70b7-47a7-b6ea-ccd5f93da5b9","block_type":"box","text":"AUD (1,066)","page_number":99,"box":{"x":102,"y":647,"width":93,"height":11}},{"id":"09c5a72d-2d3e-4e5c-b9e5-e975a7c65e9b","block_type":"box","text":"Sold AUD, Bought EUR 641 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":647,"width":425,"height":11}},{"id":"9eddc7d9-1e87-41eb-b1ac-990ccc49c4a6","block_type":"box","text":"(4)","page_number":99,"box":{"x":781,"y":647,"width":19,"height":11}},{"id":"b89ff3b0-6376-468e-9bd8-5a92df12d9c3","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":652,"width":9,"height":1}},{"id":"c72fc801-a597-4ca8-a89f-ccd3ca0e16a1","block_type":"box","text":"AUD (11,150)","page_number":99,"box":{"x":94,"y":662,"width":101,"height":11}},{"id":"415fa868-d4f7-4990-bf55-9d6b20c4f027","block_type":"box","text":"Sold AUD, Bought GBP 5,779 for settlement on","page_number":99,"box":{"x":230,"y":662,"width":355,"height":11}},{"id":"b29dfdb4-f42f-4e04-89ba-5ae8c49f214a","block_type":"box","text":"24/07/2026","page_number":99,"box":{"x":229,"y":676,"width":83,"height":9}},{"id":"08a27a65-9f51-4980-9163-acdef420d632","block_type":"box","text":"(9)","page_number":99,"box":{"x":781,"y":676,"width":19,"height":12}},{"id":"23f44479-0209-4d57-ad96-bab5f2468358","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":682,"width":9,"height":0}},{"id":"12b7a311-bc28-491a-8b76-e6169b45f5f0","block_type":"box","text":"AUD (249)","page_number":99,"box":{"x":116,"y":692,"width":79,"height":11}},{"id":"6752aed9-b3a9-4c62-bbdb-15354367b131","block_type":"box","text":"Sold AUD, Bought EUR 150 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":692,"width":425,"height":11}},{"id":"f2ce33cd-2b60-4da3-bef3-4979ed8c5076","block_type":"box","text":"(1)","page_number":99,"box":{"x":781,"y":692,"width":19,"height":11}},{"id":"09794687-2cdb-4f15-94c2-2a4770fcb2f5","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":697,"width":9,"height":1}},{"id":"978e2625-5c18-4b4c-9ec2-30046a8c0aea","block_type":"box","text":"AUD (273)","page_number":99,"box":{"x":116,"y":707,"width":79,"height":11}},{"id":"1e6a548c-0504-496e-8f55-3171eb59060c","block_type":"box","text":"Sold AUD, Bought EUR 165 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":707,"width":425,"height":11}},{"id":"5496e302-8a44-486c-a3b1-b8340755d6d8","block_type":"box","text":"–","page_number":99,"box":{"x":791,"y":712,"width":9,"height":1}},{"id":"b6c6c6cc-e4fb-4377-b0bc-5e7626ea3a55","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":712,"width":9,"height":1}},{"id":"9d032a5f-1822-4866-971b-7820cff1fa02","block_type":"box","text":"AUD (1,171)","page_number":99,"box":{"x":102,"y":722,"width":93,"height":12}},{"id":"029a824f-8c87-4ded-9249-df994ebc20d8","block_type":"box","text":"Sold AUD, Bought EUR 708 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":722,"width":425,"height":12}},{"id":"8f87ebc8-7b60-426e-b2c2-1dff24168414","block_type":"box","text":"(1)","page_number":99,"box":{"x":781,"y":722,"width":19,"height":12}},{"id":"532eeb3d-20fa-4d59-894e-c4770a7d4d57","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":728,"width":9,"height":1}},{"id":"80b6362a-20a8-4927-b414-b70e27e970ea","block_type":"box","text":"AUD (128,035)","page_number":99,"box":{"x":84,"y":738,"width":111,"height":11}},{"id":"7d850c56-2980-49cd-b2f3-3ed464f93530","block_type":"box","text":"Sold AUD, Bought GBP 67,868 for settlement on","page_number":99,"box":{"x":230,"y":738,"width":359,"height":11}},{"id":"a4f9f271-7887-4e72-9028-fc5419328cf3","block_type":"box","text":"24/07/2026","page_number":99,"box":{"x":229,"y":752,"width":83,"height":9}},{"id":"ec2cbf6b-5f0c-4f26-a338-959179986234","block_type":"box","text":"1,405","page_number":99,"box":{"x":760,"y":752,"width":39,"height":11}},{"id":"eb370cb6-50ad-42a9-a770-f42e775b8c37","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":757,"width":9,"height":1}},{"id":"efe586be-15a8-488c-9709-1fdc15e55d9b","block_type":"box","text":"AUD (159)","page_number":99,"box":{"x":116,"y":767,"width":79,"height":12}},{"id":"0735440f-c09c-4a51-8985-37b019821800","block_type":"box","text":"Sold AUD, Bought EUR 96 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":767,"width":415,"height":12}},{"id":"daaa3c20-ecc0-4565-964f-203989dced1b","block_type":"box","text":"–","page_number":99,"box":{"x":791,"y":773,"width":9,"height":1}},{"id":"1a63e14c-438e-4512-b29a-9c1bacad468e","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":773,"width":9,"height":1}},{"id":"afb246b9-87cc-4731-8531-6f93ca646346","block_type":"box","text":"AUD 0","page_number":99,"box":{"x":146,"y":783,"width":49,"height":9}},{"id":"4bf32cd2-0400-4e94-8b37-200993f64b9e","block_type":"box","text":"Sold AUD, Bought GBP – for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":783,"width":406,"height":11}},{"id":"d9a6effa-05b1-4274-b2ce-9041429c8a53","block_type":"box","text":"–","page_number":99,"box":{"x":791,"y":788,"width":9,"height":1}},{"id":"b6baa854-b528-497c-aa21-a3f1e530fd98","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":788,"width":9,"height":1}},{"id":"19ade87b-8c89-4368-98a1-c589f79e5743","block_type":"box","text":"AUD (2,381)","page_number":99,"box":{"x":102,"y":798,"width":93,"height":11}},{"id":"08ad47c5-de0b-4f25-b142-b795a0d8d79f","block_type":"box","text":"Sold AUD, Bought GBP 1,236 for settlement on","page_number":99,"box":{"x":230,"y":798,"width":349,"height":11}},{"id":"23b4d46c-c94b-4fcb-8f51-a32f99340783","block_type":"box","text":"24/07/2026","page_number":99,"box":{"x":229,"y":812,"width":83,"height":9}},{"id":"8b2db3d8-fff7-402e-8d5a-326c9afac038","block_type":"box","text":"–","page_number":99,"box":{"x":791,"y":818,"width":9,"height":1}},{"id":"377629eb-99f9-4e73-8e01-adf1378e7954","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":818,"width":9,"height":1}},{"id":"559a6f5a-2ec0-41a0-9f60-9bb351d0b7b9","block_type":"box","text":"AUD (2,640)","page_number":99,"box":{"x":102,"y":828,"width":93,"height":11}},{"id":"1e4afb34-9e5b-476e-bf6a-4585be468fa9","block_type":"box","text":"Sold AUD, Bought GBP 1,369 for settlement on","page_number":99,"box":{"x":230,"y":828,"width":349,"height":11}},{"id":"72853361-5095-468c-a584-72093f2870de","block_type":"box","text":"24/07/2026","page_number":99,"box":{"x":229,"y":842,"width":83,"height":9}},{"id":"50de6ce9-ccfc-40a1-8953-e77e93a647b4","block_type":"box","text":"(2)","page_number":99,"box":{"x":781,"y":842,"width":19,"height":11}},{"id":"a9208efb-1317-4c43-b73a-d1c4a7d3fc56","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":847,"width":9,"height":1}},{"id":"73bf83ad-d43b-4e56-b0b5-822c86f16eb8","block_type":"box","text":"AUD (9,430)","page_number":99,"box":{"x":102,"y":857,"width":93,"height":12}},{"id":"2854939a-b038-48cf-b7d3-f8e6aba89ec1","block_type":"box","text":"Sold AUD, Bought EUR 5,757 for settlement on","page_number":99,"box":{"x":230,"y":857,"width":355,"height":12}},{"id":"9cc59d62-db1e-4731-a13e-b9a787f47db3","block_type":"box","text":"24/07/2026","page_number":99,"box":{"x":229,"y":872,"width":83,"height":9}},{"id":"643fa66a-22e4-45c0-a432-549e3f38d020","block_type":"box","text":"39","page_number":99,"box":{"x":782,"y":872,"width":17,"height":9}},{"id":"48db3756-1861-4cee-a157-a560edb56545","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":877,"width":9,"height":1}},{"id":"10fd97b3-7616-45b4-a5e4-ba13146e3a56","block_type":"box","text":"AUD (174)","page_number":99,"box":{"x":116,"y":887,"width":79,"height":11}},{"id":"fdcbe469-b589-4fb1-878d-e26791b9e667","block_type":"box","text":"Sold AUD, Bought EUR 105 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":887,"width":425,"height":11}},{"id":"5cf1b48c-7db2-4b40-aa53-08820a826b00","block_type":"box","text":"(1)","page_number":99,"box":{"x":781,"y":887,"width":19,"height":11}},{"id":"4153e084-5441-4ead-a90b-f5ddab89bcc2","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":892,"width":9,"height":1}},{"id":"e3657de5-c0d5-487a-9fb1-3966683af2e6","block_type":"box","text":"AUD (23)","page_number":99,"box":{"x":126,"y":902,"width":69,"height":12}},{"id":"951e8ad8-5652-40d6-aa16-056a1e9a20f4","block_type":"box","text":"Sold AUD, Bought GBP 12 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":902,"width":415,"height":12}},{"id":"78f62f40-0f7f-4ed7-a057-69958024c188","block_type":"box","text":"–","page_number":99,"box":{"x":791,"y":908,"width":9,"height":0}},{"id":"95a9df76-500a-4bc0-9147-8b13eb8e74fb","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":908,"width":9,"height":0}},{"id":"a52dc3db-b738-4977-aede-82ac85a7f2ea","block_type":"box","text":"AUD (192)","page_number":99,"box":{"x":116,"y":918,"width":79,"height":11}},{"id":"4f6b76a0-9da4-41e6-b34d-45c5fc9968ff","block_type":"box","text":"Sold AUD, Bought EUR 116 for settlement on 24/07/2026","page_number":99,"box":{"x":230,"y":918,"width":424,"height":11}},{"id":"b2017d41-d596-4a03-abb6-e7bb1e1f4c4a","block_type":"box","text":"–","page_number":99,"box":{"x":791,"y":923,"width":9,"height":1}},{"id":"81158575-5472-4b79-abd2-047735299ee8","block_type":"box","text":"–","page_number":99,"box":{"x":948,"y":923,"width":9,"height":1}},{"id":"0a409b35-4dc2-4223-8228-00cc684fb3ac","block_type":"box","text":"99","page_number":100,"box":{"x":491,"y":972,"width":17,"height":8}},{"id":"0999e9ef-6005-4f61-96d8-ec4003771e33","block_type":"box","text":"SARASIN Global Dividend","page_number":100,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"1d894b5b-e96a-4d9b-a8c9-e8d226ddd145","block_type":"box","text":"Portfolio Statement (continued)","page_number":100,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"c3ae9cdb-ccdb-4d8e-98cf-9081cf801e2c","block_type":"box","text":"Holding","page_number":100,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"f49419d1-21c5-4689-a317-1620e1a9fbe6","block_type":"box","text":"Investment","page_number":100,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"264d0297-aeb9-40dc-a5b4-5f7dfc1b5c0f","block_type":"box","text":"Market","page_number":100,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"ff807a7d-0623-47f8-b96a-46e4fab4b1d3","block_type":"box","text":"Value","page_number":100,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"c154e414-3283-49ed-b455-5a4e2206265e","block_type":"box","text":"£","page_number":100,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"8cab7879-dff6-4845-8a7c-df31ebb2e642","block_type":"box","text":"% of","page_number":100,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"ffd9c207-7559-4794-a46a-7b615ca5a959","block_type":"box","text":"Net Assets","page_number":100,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"6b03daaa-42ec-4e37-b820-883da629fdf4","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":100,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"7b2bdedb-21c1-412a-b394-47037e13e603","block_type":"box","text":"AUD (10,387)","page_number":100,"box":{"x":93,"y":183,"width":102,"height":11}},{"id":"dc2c1760-4964-42c8-92f0-b06e0ed30266","block_type":"box","text":"Sold AUD, Bought GBP 5,384 for settlement on","page_number":100,"box":{"x":230,"y":183,"width":355,"height":11}},{"id":"0bb805d8-b2f3-42f1-bc79-95ed4aba7fff","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"6ae24d35-7702-4b0e-8a7f-f2750ee4acbe","block_type":"box","text":"(8)","page_number":100,"box":{"x":781,"y":197,"width":19,"height":11}},{"id":"ffa55c50-5bf1-41e5-83b2-0430fef739e6","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"ad36cc54-3cd4-426f-bf64-1bb6c1039e4e","block_type":"box","text":"AUD (689)","page_number":100,"box":{"x":116,"y":212,"width":79,"height":12}},{"id":"75b08f6b-da34-4e35-bab0-8826cff6a28c","block_type":"box","text":"Sold AUD, Bought GBP 358 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":212,"width":424,"height":12}},{"id":"6334846e-5ccf-441a-b4d5-507670989649","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":218,"width":9,"height":0}},{"id":"abc06d26-58dd-4a03-84b7-ada195b7fc03","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"6c9e9613-d584-4be3-98ee-d40a27367add","block_type":"box","text":"AUD (89)","page_number":100,"box":{"x":126,"y":228,"width":69,"height":11}},{"id":"ecc5c8be-1004-46f3-a8d3-de275f9444c6","block_type":"box","text":"Sold AUD, Bought GBP 47 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":228,"width":415,"height":11}},{"id":"57ade335-c539-4886-90c3-a4cb745d87cd","block_type":"box","text":"1","page_number":100,"box":{"x":793,"y":228,"width":4,"height":8}},{"id":"73d80528-6cfe-4355-845b-589c50db82e6","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"bffa8dfb-71d8-49dd-8d69-a18229a4851b","block_type":"box","text":"AUD (145)","page_number":100,"box":{"x":116,"y":243,"width":79,"height":11}},{"id":"c360cbee-4574-4118-b77f-41686c1a1c5e","block_type":"box","text":"Sold AUD, Bought EUR 87 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":243,"width":415,"height":11}},{"id":"618c0ae7-118a-488c-a496-a9958b9f46ca","block_type":"box","text":"(1)","page_number":100,"box":{"x":781,"y":243,"width":19,"height":11}},{"id":"5e3835cb-dbd3-44ff-84f1-e906e550d0df","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"694a1a1e-f50e-45f9-824a-f4d8db66ce4d","block_type":"box","text":"AUD (505,031)","page_number":100,"box":{"x":84,"y":258,"width":111,"height":12}},{"id":"7324aabc-9570-47e2-8df7-5e7fd012b11a","block_type":"box","text":"Sold AUD, Bought GBP 267,704 for settlement on","page_number":100,"box":{"x":230,"y":258,"width":374,"height":12}},{"id":"4c820b3b-116b-4d24-ba51-bb9fb5b6dde2","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":273,"width":83,"height":9}},{"id":"940e6264-bfb7-4bbd-a00d-eeb48d15127c","block_type":"box","text":"5,541","page_number":100,"box":{"x":759,"y":273,"width":38,"height":10}},{"id":"ddc0c39f-aa8e-475f-a47f-b7223d2c6774","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"01f71bbb-b02d-4b56-bc3b-a347b4998ca8","block_type":"box","text":"AUD (82)","page_number":100,"box":{"x":126,"y":288,"width":69,"height":11}},{"id":"0fd9825b-a667-4135-b841-dae99fc66dd2","block_type":"box","text":"Sold AUD, Bought GBP 43 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":288,"width":415,"height":11}},{"id":"68afee94-3a36-4267-920f-f120311d679d","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":293,"width":9,"height":1}},{"id":"dff70df1-1275-4b93-b714-5f6392886fe7","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"bcd6b13d-69b4-4d3c-9150-27a220cfbb83","block_type":"box","text":"AUD (82)","page_number":100,"box":{"x":126,"y":303,"width":69,"height":12}},{"id":"197fe2a7-8fb7-40e2-aa6f-ab9023881eea","block_type":"box","text":"Sold AUD, Bought GBP 43 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":303,"width":415,"height":12}},{"id":"af5470eb-29d5-4979-8746-eb3856269d12","block_type":"box","text":"1","page_number":100,"box":{"x":793,"y":304,"width":4,"height":8}},{"id":"0e8f69f7-0b78-4eb8-b82e-a718636ce87a","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":309,"width":9,"height":1}},{"id":"7f0258f0-3ab2-4365-84a6-691c6e0fde8f","block_type":"box","text":"AUD (219)","page_number":100,"box":{"x":116,"y":319,"width":79,"height":11}},{"id":"61b1be33-88ee-4c25-9f1a-5a045e43cad6","block_type":"box","text":"Sold AUD, Bought GBP 114 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":319,"width":423,"height":11}},{"id":"2a8943d2-fb51-4bdc-8e01-3e58ad5102ec","block_type":"box","text":"1","page_number":100,"box":{"x":793,"y":319,"width":4,"height":9}},{"id":"02ab5a3c-c471-4bf0-9dbe-f9faf16cf25b","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":324,"width":9,"height":1}},{"id":"6bd78e54-87d0-4417-98ff-f2093c216d74","block_type":"box","text":"AUD (9,363)","page_number":100,"box":{"x":102,"y":334,"width":93,"height":11}},{"id":"656c325e-95e0-476e-b1fb-ea125699b083","block_type":"box","text":"Sold AUD, Bought GBP 4,859 for settlement on","page_number":100,"box":{"x":230,"y":334,"width":355,"height":11}},{"id":"57f988de-7eaf-4e5e-88f3-a625f40d20b6","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":348,"width":83,"height":9}},{"id":"f2ff39f9-4cf4-4fad-ab96-4faca6b34f7c","block_type":"box","text":"(2)","page_number":100,"box":{"x":781,"y":348,"width":19,"height":12}},{"id":"25664263-7bfe-4d6b-bf59-cd6ca0552399","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":354,"width":9,"height":0}},{"id":"b243093a-3fc6-4fb7-9300-cfa0046b4d1d","block_type":"box","text":"AUD (57,703)","page_number":100,"box":{"x":93,"y":364,"width":102,"height":11}},{"id":"b5b1fa6a-c936-486b-a109-cb5b989c9e4b","block_type":"box","text":"Sold AUD, Bought EUR 35,226 for settlement on","page_number":100,"box":{"x":230,"y":364,"width":365,"height":11}},{"id":"a756ba31-6a77-413c-badf-5e630c7a8bcc","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":378,"width":83,"height":9}},{"id":"e30fa913-4c41-423d-bc6f-9b599ab828d6","block_type":"box","text":"238","page_number":100,"box":{"x":773,"y":378,"width":26,"height":9}},{"id":"375a80f0-f5d7-4abd-ba45-6fb4f8844716","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":383,"width":9,"height":1}},{"id":"4fbae748-ef75-4da2-96af-55f733ed9fbb","block_type":"box","text":"AUD (52)","page_number":100,"box":{"x":126,"y":393,"width":69,"height":12}},{"id":"ce4ecc69-b3c6-4a0c-9bcb-4300aa2660ee","block_type":"box","text":"Sold AUD, Bought GBP 27 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":393,"width":415,"height":12}},{"id":"7daf8799-9441-4ac9-bad3-1cef14078762","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":399,"width":9,"height":0}},{"id":"2b44a099-3776-4a94-89a4-eff2a595a370","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":399,"width":9,"height":0}},{"id":"6681ae6f-a35b-48e3-b5d6-8f17e3e55ce1","block_type":"box","text":"AUD (78)","page_number":100,"box":{"x":126,"y":409,"width":69,"height":11}},{"id":"856fcf17-ac50-4e60-b052-47117d40c2fd","block_type":"box","text":"Sold AUD, Bought GBP 41 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":409,"width":415,"height":11}},{"id":"0b237aea-36d5-43cb-a246-224c3b131844","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":414,"width":9,"height":1}},{"id":"49140d0d-36bc-4391-892f-62638bcd3de6","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":414,"width":9,"height":1}},{"id":"766e782f-f972-4ba4-9816-a3df8336991d","block_type":"box","text":"AUD (87)","page_number":100,"box":{"x":126,"y":424,"width":69,"height":11}},{"id":"30dfe4fb-080e-4acd-90e5-7327bdd11bf5","block_type":"box","text":"Sold AUD, Bought GBP 46 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":424,"width":415,"height":11}},{"id":"52e6f58e-957d-4e58-9ffa-145cd308abb8","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":429,"width":9,"height":1}},{"id":"0e2fb043-8ebb-462b-bd3f-3eff3fde225f","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":429,"width":9,"height":1}},{"id":"9ec37676-9577-45e8-b331-b0283a5700b8","block_type":"box","text":"AUD (222)","page_number":100,"box":{"x":116,"y":439,"width":79,"height":12}},{"id":"682810b9-a463-4e5b-a459-26bd65882c0c","block_type":"box","text":"Sold AUD, Bought GBP 116 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":439,"width":423,"height":12}},{"id":"f3a592a9-6823-4608-a47d-1185ff6c78a8","block_type":"box","text":"1","page_number":100,"box":{"x":793,"y":440,"width":4,"height":8}},{"id":"699d165f-1cd0-4623-bbbc-9540e4f66ede","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":445,"width":9,"height":1}},{"id":"1cb6f3d4-686a-402a-b667-0c3c3819139c","block_type":"box","text":"AUD (72,047)","page_number":100,"box":{"x":93,"y":455,"width":102,"height":11}},{"id":"450c5187-574f-4994-85de-926d93b6eee6","block_type":"box","text":"Sold AUD, Bought GBP 38,190 for settlement on","page_number":100,"box":{"x":230,"y":455,"width":365,"height":11}},{"id":"8e4fcf2f-9092-46db-a2b8-d4306a45f02a","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":469,"width":83,"height":9}},{"id":"1a1cbf89-e22c-48ed-b950-78047a044cca","block_type":"box","text":"790","page_number":100,"box":{"x":773,"y":469,"width":26,"height":9}},{"id":"03b41b39-3e42-47c2-b130-6c8fd336473f","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":474,"width":9,"height":1}},{"id":"96ea38c5-593a-46bc-9bcb-8655b7bd8a66","block_type":"box","text":"AUD (10,054)","page_number":100,"box":{"x":93,"y":484,"width":102,"height":12}},{"id":"fb010ebc-e550-4382-b515-5c31709476ca","block_type":"box","text":"Sold AUD, Bought GBP 5,217 for settlement on","page_number":100,"box":{"x":230,"y":484,"width":355,"height":12}},{"id":"2f9e0f8e-cd02-446d-9d94-538f2ed7e985","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":499,"width":83,"height":9}},{"id":"3862f543-fdab-4d0a-b206-857835359487","block_type":"box","text":"(2)","page_number":100,"box":{"x":781,"y":499,"width":19,"height":11}},{"id":"16bfbf13-0bf4-4c88-a9e9-3875e5435668","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":504,"width":9,"height":1}},{"id":"e4360281-9fa7-4e2b-b5f6-a6e0609a38de","block_type":"box","text":"AUD (7,862)","page_number":100,"box":{"x":102,"y":514,"width":93,"height":11}},{"id":"9b837ecc-1e89-4257-9954-c22c0c769d11","block_type":"box","text":"Sold AUD, Bought EUR 4,799 for settlement on","page_number":100,"box":{"x":230,"y":514,"width":355,"height":11}},{"id":"1abafdf1-aed0-4b38-91a5-70949628a311","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":528,"width":83,"height":9}},{"id":"237de26e-fb5d-41b2-839f-e109072a690d","block_type":"box","text":"32","page_number":100,"box":{"x":782,"y":528,"width":17,"height":9}},{"id":"a7a13c27-bb6f-4e33-ad24-b59f4ae327fe","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":534,"width":9,"height":0}},{"id":"294bac6d-385e-48f2-86ae-482bbc5ce6e0","block_type":"box","text":"AUD (2,635,066)","page_number":100,"box":{"x":70,"y":544,"width":125,"height":11}},{"id":"c9acac13-8560-4d8b-98d0-f09ac6865c0b","block_type":"box","text":"Sold AUD, Bought GBP 1,396,783 for settlement on","page_number":100,"box":{"x":230,"y":544,"width":388,"height":11}},{"id":"d45d2ff0-fea7-4897-a670-d59f068abfa2","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":558,"width":83,"height":9}},{"id":"9c1a9b50-fdc2-4df4-9d0f-0c0c5cc8ece7","block_type":"box","text":"28,908","page_number":100,"box":{"x":749,"y":558,"width":50,"height":10}},{"id":"1672972e-0966-468a-8fb2-31107e609c94","block_type":"box","text":"0.01","page_number":100,"box":{"x":925,"y":558,"width":29,"height":9}},{"id":"4a98fbe5-0a1e-49ad-ab8c-c02458766b62","block_type":"box","text":"AUD (48,903)","page_number":100,"box":{"x":93,"y":573,"width":102,"height":12}},{"id":"3de75188-9e3b-4b78-b758-3da13b8f2c14","block_type":"box","text":"Sold AUD, Bought GBP 25,377 for settlement on","page_number":100,"box":{"x":230,"y":573,"width":365,"height":12}},{"id":"325f8ed3-f1fe-4892-af64-aee187203f1e","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":588,"width":83,"height":8}},{"id":"4551ad41-e36a-4f1b-b008-c48e71ed7106","block_type":"box","text":"(9)","page_number":100,"box":{"x":781,"y":588,"width":19,"height":11}},{"id":"cff0c458-eae3-4ed5-bfef-ca2948a57293","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":593,"width":9,"height":1}},{"id":"065e26b5-fe7b-446c-bcc1-30e2b753ea9b","block_type":"box","text":"AUD (118)","page_number":100,"box":{"x":118,"y":603,"width":77,"height":11}},{"id":"74a02c74-3248-413e-96cb-0d14cb9d1c4e","block_type":"box","text":"Sold AUD, Bought GBP 61 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":603,"width":415,"height":11}},{"id":"8910e087-e094-430f-9ed8-b0f6514e9341","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":608,"width":9,"height":1}},{"id":"47632fe7-faa3-48c9-b1a5-6b2c5f03faed","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":608,"width":9,"height":1}},{"id":"d4a63ae8-5d19-4dbd-9c41-e45a21a41d8d","block_type":"box","text":"AUD (131)","page_number":100,"box":{"x":116,"y":618,"width":79,"height":12}},{"id":"fb3c89c4-34ea-42cc-ba7c-346208f9d9f1","block_type":"box","text":"Sold AUD, Bought GBP 68 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":618,"width":415,"height":12}},{"id":"1a91f959-7c62-45df-96d4-c278a788443d","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":624,"width":9,"height":0}},{"id":"b29122dc-24e3-4f16-8888-73009412dadc","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":624,"width":9,"height":0}},{"id":"d3db5fa2-3299-4a73-ac66-5c7ca0744e8b","block_type":"box","text":"AUD (53,990)","page_number":100,"box":{"x":93,"y":634,"width":102,"height":11}},{"id":"7e989cf4-1a1f-4af8-ac2e-4cac816ce17b","block_type":"box","text":"Sold AUD, Bought GBP 27,983 for settlement on","page_number":100,"box":{"x":230,"y":634,"width":365,"height":11}},{"id":"722462cd-0f0f-4e16-a3f9-4fa56d79163f","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":648,"width":83,"height":9}},{"id":"f91436b9-d07b-412b-9e2f-7b25c589e933","block_type":"box","text":"(43)","page_number":100,"box":{"x":771,"y":648,"width":29,"height":11}},{"id":"f8a9c51f-dda6-41b3-92b6-85a72ae460b6","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":653,"width":9,"height":1}},{"id":"20f9d3f1-9176-4ad5-9cf5-5bf6a440cf2a","block_type":"box","text":"AUD (943)","page_number":100,"box":{"x":116,"y":663,"width":79,"height":12}},{"id":"66b2b518-7c9d-460d-b5e0-6b7d7703c37d","block_type":"box","text":"Sold AUD, Bought GBP 489 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":663,"width":424,"height":12}},{"id":"2feb2d7b-e15e-4e58-970d-bfef58ebe13f","block_type":"box","text":"(1)","page_number":100,"box":{"x":781,"y":663,"width":19,"height":12}},{"id":"0eed06c5-7b5e-4660-afbf-15dd734e2a1a","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":668,"width":9,"height":1}},{"id":"cc288633-5e21-4f36-9eb3-e4cf6faa573d","block_type":"box","text":"AUD (26,329)","page_number":100,"box":{"x":93,"y":679,"width":102,"height":11}},{"id":"d3fa6dc3-0f32-4e4b-913f-8b3d89e288a5","block_type":"box","text":"Sold AUD, Bought GBP 13,956 for settlement on","page_number":100,"box":{"x":230,"y":679,"width":365,"height":11}},{"id":"819287c5-8e49-434f-95da-e5f8d0550298","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":693,"width":83,"height":9}},{"id":"58e208b8-f3fa-409b-8bb8-65637ccce018","block_type":"box","text":"289","page_number":100,"box":{"x":773,"y":693,"width":26,"height":9}},{"id":"3f936410-91ca-4e50-9db6-2d01ad5228e8","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":698,"width":9,"height":1}},{"id":"8440548e-532a-467e-a1d8-78540f824840","block_type":"box","text":"AUD (13,452)","page_number":100,"box":{"x":93,"y":708,"width":102,"height":12}},{"id":"9cde3c26-5853-4280-850e-ec081cdd5af2","block_type":"box","text":"Sold AUD, Bought EUR 8,212 for settlement on","page_number":100,"box":{"x":230,"y":708,"width":350,"height":12}},{"id":"7c33cd94-28f6-45de-b646-beba68c2842e","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":722,"width":83,"height":9}},{"id":"cc4d067d-797a-42e6-846a-daa75e13fb23","block_type":"box","text":"56","page_number":100,"box":{"x":782,"y":723,"width":17,"height":8}},{"id":"89d6de37-b317-4721-bd9e-fc6d0f09d6a8","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":728,"width":9,"height":1}},{"id":"943c1a2e-2136-42ca-91ad-f3ee87f1bffe","block_type":"box","text":"AUD (539,697)","page_number":100,"box":{"x":84,"y":738,"width":111,"height":11}},{"id":"32e1b0a5-69c0-4d39-a29d-ec5031f4e8ae","block_type":"box","text":"Sold AUD, Bought GBP 286,080 for settlement on","page_number":100,"box":{"x":230,"y":738,"width":368,"height":11}},{"id":"ea3e72c6-9fc5-407a-b3f1-1c81b88389ae","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":752,"width":83,"height":9}},{"id":"a6a8384a-af3f-4f18-98e7-d79a36fdf979","block_type":"box","text":"5,921","page_number":100,"box":{"x":759,"y":752,"width":38,"height":11}},{"id":"48b3b9af-e566-4eaa-bc4c-be4e63d33bd4","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":757,"width":9,"height":1}},{"id":"1827e3aa-a616-437c-84d7-89f2daf7105b","block_type":"box","text":"AUD (1,657)","page_number":100,"box":{"x":102,"y":767,"width":93,"height":12}},{"id":"3e96a5f9-b32f-4f3d-902d-60f906f69234","block_type":"box","text":"Sold AUD, Bought GBP 868 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":767,"width":424,"height":12}},{"id":"faa603e9-835d-406b-b0ce-b7f496da53d6","block_type":"box","text":"8","page_number":100,"box":{"x":792,"y":768,"width":7,"height":8}},{"id":"56ae8e3e-2ac2-4565-804b-d8c1532b7478","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":773,"width":9,"height":1}},{"id":"2dd2b9ec-1e37-407e-8345-82c10e7598df","block_type":"box","text":"AUD (6,386)","page_number":100,"box":{"x":102,"y":783,"width":93,"height":11}},{"id":"b2ab1be9-7f0e-4042-9536-f6080e12eb97","block_type":"box","text":"Sold AUD, Bought GBP 3,385 for settlement on","page_number":100,"box":{"x":230,"y":783,"width":349,"height":11}},{"id":"49ea275c-ffc6-4a6c-8d2b-f0b2af6996bf","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":797,"width":83,"height":9}},{"id":"53b0b287-5a6d-4ca5-8d1f-799c5006d03f","block_type":"box","text":"70","page_number":100,"box":{"x":782,"y":797,"width":17,"height":9}},{"id":"e16a948c-83c5-4513-8334-f0e668c03eb4","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":802,"width":9,"height":1}},{"id":"f0a7d1e8-4766-41fe-9a79-6f8df52f4561","block_type":"box","text":"AUD (850)","page_number":100,"box":{"x":116,"y":812,"width":79,"height":12}},{"id":"e541fe73-156c-4371-863e-92a39769fd5f","block_type":"box","text":"Sold AUD, Bought GBP 441 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":812,"width":424,"height":12}},{"id":"74fdbd4a-f9b0-4bb6-97f5-42f60819339a","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":818,"width":9,"height":1}},{"id":"47b1af8a-fd0c-45ed-9cfd-c52a6f595c82","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":818,"width":9,"height":1}},{"id":"743513fb-c062-4a61-96eb-cf3150ae0cf2","block_type":"box","text":"AUD (542)","page_number":100,"box":{"x":116,"y":828,"width":79,"height":11}},{"id":"a470af17-ca2b-43ee-9d21-44dd73ac57df","block_type":"box","text":"Sold AUD, Bought GBP 281 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":828,"width":424,"height":11}},{"id":"bb5d5cb1-5284-428b-a249-5f1f5323c263","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":833,"width":9,"height":1}},{"id":"f1f7e34f-cdef-4bd1-a557-c1b50c7c146d","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":833,"width":9,"height":1}},{"id":"95f2c634-5ef9-4ffc-8abe-d9e7527526fe","block_type":"box","text":"AUD (1,336)","page_number":100,"box":{"x":102,"y":843,"width":93,"height":11}},{"id":"8e806f3c-53c8-41ee-9030-0304cfc6cf26","block_type":"box","text":"Sold AUD, Bought GBP 693 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":843,"width":424,"height":11}},{"id":"44090c1e-8174-42ee-9c35-ab07f4bdac6e","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":848,"width":9,"height":1}},{"id":"a3d884e3-99f1-41d5-bc8c-5c127ae15d93","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":848,"width":9,"height":1}},{"id":"2f9cfa19-0c14-4579-8c11-32b4bd37a396","block_type":"box","text":"AUD (2,481)","page_number":100,"box":{"x":102,"y":859,"width":93,"height":11}},{"id":"3c8cb788-b847-4c03-87a8-6f667e28f947","block_type":"box","text":"Sold AUD, Bought GBP 1,297 for settlement on","page_number":100,"box":{"x":230,"y":859,"width":355,"height":11}},{"id":"759aa50c-a934-4bd3-b7f2-8984c14cf976","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":873,"width":83,"height":9}},{"id":"6b20f540-c6e5-4c65-a606-e3aa180a5752","block_type":"box","text":"9","page_number":100,"box":{"x":792,"y":873,"width":7,"height":9}},{"id":"2f193127-0ad4-464d-a4f6-ed63130efe65","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":878,"width":9,"height":1}},{"id":"0400f771-f72e-4654-8bc5-370d46590ca3","block_type":"box","text":"AUD (45,981)","page_number":100,"box":{"x":93,"y":888,"width":102,"height":11}},{"id":"f27aaab1-49e2-437a-98f5-46ab9019e894","block_type":"box","text":"Sold AUD, Bought GBP 24,374 for settlement on","page_number":100,"box":{"x":230,"y":888,"width":365,"height":11}},{"id":"1b61a79a-0ab2-4c74-95f5-65718ac9db24","block_type":"box","text":"24/07/2026","page_number":100,"box":{"x":229,"y":902,"width":83,"height":9}},{"id":"8868f194-6a0c-4571-8044-9bb8fca86201","block_type":"box","text":"504","page_number":100,"box":{"x":773,"y":903,"width":26,"height":8}},{"id":"f54310f9-1313-4d3d-890b-3f1196853f1c","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":908,"width":9,"height":1}},{"id":"cd486587-db37-4095-8450-2f4fc8100f6b","block_type":"box","text":"AUD (489)","page_number":100,"box":{"x":116,"y":918,"width":79,"height":11}},{"id":"f69711a1-aa26-41f7-ae35-0e602da14600","block_type":"box","text":"Sold AUD, Bought GBP 254 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":918,"width":424,"height":11}},{"id":"41de03e9-6450-4026-8d06-1e8c7289e9e1","block_type":"box","text":"–","page_number":100,"box":{"x":791,"y":923,"width":9,"height":1}},{"id":"cb773476-446c-44c8-a7d6-6ca2a3623e9e","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":923,"width":9,"height":1}},{"id":"cec9089a-270b-4701-a300-20c891908661","block_type":"box","text":"AUD (1,480)","page_number":100,"box":{"x":102,"y":933,"width":93,"height":11}},{"id":"3665b21c-71e2-4f79-b98d-8722abcb13e3","block_type":"box","text":"Sold AUD, Bought GBP 767 for settlement on 24/07/2026","page_number":100,"box":{"x":230,"y":933,"width":424,"height":11}},{"id":"631d1899-0bb4-4c2e-874f-960600f9d2a9","block_type":"box","text":"(1)","page_number":100,"box":{"x":781,"y":933,"width":19,"height":11}},{"id":"b2e02ea5-103c-4225-b8e1-129b0d0d19ea","block_type":"box","text":"–","page_number":100,"box":{"x":948,"y":938,"width":9,"height":1}},{"id":"9425102d-6093-4ecf-b493-7fa95553bbc4","block_type":"box","text":"100","page_number":101,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"371bd810-a08a-4ff2-9c1c-ff5283985129","block_type":"box","text":"101","page_number":101,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"2ba8fe61-5519-4e7e-a765-5a9b9fa3142e","block_type":"box","text":"SARASIN Global Dividend","page_number":101,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"c6fb5a76-53da-49de-aded-fd14a039f0b2","block_type":"box","text":"Portfolio Statement (continued)","page_number":101,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"82c7d387-2b46-4b06-9c2f-e5b4737f1212","block_type":"box","text":"Holding","page_number":101,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"db0528c7-ba04-4dd6-9647-291bec7f0bd4","block_type":"box","text":"Investment","page_number":101,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"816bdc5e-2ed6-4b6e-aecc-a7f7f96bdb41","block_type":"box","text":"Market","page_number":101,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"8e74ba8a-1591-4d32-83c5-8c2029a79470","block_type":"box","text":"Value","page_number":101,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"ff406542-97a8-44f9-8c70-eaf891aafb22","block_type":"box","text":"£","page_number":101,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"2a7bbec1-9f18-48f6-a9ba-05b05824f872","block_type":"box","text":"% of","page_number":101,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"e7c1e702-ca68-4ba8-ab70-4305e81fe088","block_type":"box","text":"Net Assets","page_number":101,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"cf0ef87c-188c-45cd-8a68-6f3a2d37b68d","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":101,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"f93199e6-b603-496c-a7c5-d79e567c12fe","block_type":"box","text":"CHF (17,603)","page_number":101,"box":{"x":95,"y":183,"width":100,"height":11}},{"id":"481894b4-751d-454f-bdee-d1d0069543ff","block_type":"box","text":"Sold CHF, Bought GBP 16,525 for settlement on","page_number":101,"box":{"x":230,"y":183,"width":363,"height":11}},{"id":"b8ba97c2-1a4c-47a4-983e-5dac154d40de","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"673aedc1-27b5-4338-a1bc-7bb909631e80","block_type":"box","text":"98","page_number":101,"box":{"x":782,"y":197,"width":17,"height":9}},{"id":"0e7dc9c0-60d9-4245-b31b-405f51e79fe6","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"52ef3b74-92cf-4a43-b7f8-5ca7efe7bd07","block_type":"box","text":"CHF (3,009)","page_number":101,"box":{"x":104,"y":212,"width":91,"height":12}},{"id":"337a81af-5f77-4f6e-ac94-23d34168282f","block_type":"box","text":"Sold CHF, Bought EUR 3,254 for settlement on","page_number":101,"box":{"x":230,"y":212,"width":354,"height":12}},{"id":"cf149a6b-2245-4c52-bb0e-7df709dbd1bf","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"67b5e4aa-839f-467c-b825-d3ad854f2bc2","block_type":"box","text":"(20)","page_number":101,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"69995284-6b09-41e2-b72d-d33862217fda","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"ab8c6744-86c2-4a5c-aed3-eb69eb05fb34","block_type":"box","text":"CHF (27,581)","page_number":101,"box":{"x":95,"y":242,"width":100,"height":11}},{"id":"1585c97d-9571-4056-8670-fe9eb9bacc38","block_type":"box","text":"Sold CHF, Bought GBP 25,893 for settlement on","page_number":101,"box":{"x":230,"y":242,"width":363,"height":11}},{"id":"239f41d0-80a5-4679-83a3-eb09e8ae038a","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"804abb8d-1eac-4de2-9639-c625b4430dfc","block_type":"box","text":"154","page_number":101,"box":{"x":774,"y":256,"width":25,"height":9}},{"id":"223cf7d6-b5ff-40ce-89a4-26405d7517f1","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"aab5951e-efbc-40f7-b481-ec882e4e7661","block_type":"box","text":"CHF (5,149)","page_number":101,"box":{"x":104,"y":272,"width":91,"height":11}},{"id":"1529665d-20fa-484c-ae12-c530aab9572e","block_type":"box","text":"Sold CHF, Bought EUR 5,568 for settlement on","page_number":101,"box":{"x":230,"y":272,"width":354,"height":11}},{"id":"3c3b171a-4b87-4d47-9d36-5a3bea65722a","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"a8935b2e-b1a8-4633-b04f-bc8a11bf1d1f","block_type":"box","text":"(33)","page_number":101,"box":{"x":771,"y":286,"width":29,"height":11}},{"id":"c1add499-b9fe-4e47-970b-724877ba92fa","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"ece27bd7-0b73-4d2f-8e6c-d90f84752b05","block_type":"box","text":"CHF (49,014)","page_number":101,"box":{"x":95,"y":301,"width":100,"height":11}},{"id":"8fb0eea4-39f0-45c3-be0f-f9f9127f3dd0","block_type":"box","text":"Sold CHF, Bought GBP 46,015 for settlement on","page_number":101,"box":{"x":230,"y":301,"width":363,"height":11}},{"id":"acc42fb5-b1ad-4c0b-936b-71eba97b577a","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"23fe5160-e4c9-473c-943d-ccfcd6011bf5","block_type":"box","text":"273","page_number":101,"box":{"x":773,"y":316,"width":26,"height":8}},{"id":"504fa0fe-0cd3-47d7-a56d-d33442e5cc9b","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"f3eead88-5b81-4224-8837-af434f4acae8","block_type":"box","text":"CHF (3,610)","page_number":101,"box":{"x":104,"y":331,"width":91,"height":11}},{"id":"cca19752-3a87-45ce-b6fd-6fb9ffd78b45","block_type":"box","text":"Sold CHF, Bought EUR 3,903 for settlement on","page_number":101,"box":{"x":230,"y":331,"width":354,"height":11}},{"id":"50a29571-1880-458f-a461-a1a28afa0f8f","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"7cd55b03-8748-4821-9b67-b4f67ba94dd9","block_type":"box","text":"(23)","page_number":101,"box":{"x":771,"y":345,"width":29,"height":11}},{"id":"e7547b26-f54b-4cb0-ac90-312efc979614","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":350,"width":9,"height":1}},{"id":"7cc24dcd-1428-41fe-951e-2e3274a82276","block_type":"box","text":"CHF (1,008,752)","page_number":101,"box":{"x":71,"y":360,"width":124,"height":12}},{"id":"48776591-9a1c-498b-ba86-fc8843bf71d8","block_type":"box","text":"Sold CHF, Bought GBP 947,017 for settlement on","page_number":101,"box":{"x":230,"y":360,"width":372,"height":12}},{"id":"6b37c2f9-4060-4e16-8a29-aa7c832579d5","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":375,"width":83,"height":9}},{"id":"2a5c8f35-d22a-4b77-830e-42cf2c81fa9d","block_type":"box","text":"5,628","page_number":101,"box":{"x":759,"y":375,"width":40,"height":10}},{"id":"72870d13-f859-4987-b468-6c6b1855e460","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":380,"width":9,"height":1}},{"id":"db4ed089-1c64-4f90-a76c-e8f5fdba05bc","block_type":"box","text":"CHF (2,445)","page_number":101,"box":{"x":104,"y":390,"width":91,"height":11}},{"id":"c38a0b1b-1ba9-4d05-951b-938a56d2ebfb","block_type":"box","text":"Sold CHF, Bought GBP 2,295 for settlement on","page_number":101,"box":{"x":230,"y":390,"width":353,"height":11}},{"id":"46abc395-e22e-4a97-a4b8-9caf9b0d4212","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":404,"width":83,"height":9}},{"id":"39aacdd4-b62c-434e-bd3f-9e2b731e89c0","block_type":"box","text":"14","page_number":101,"box":{"x":783,"y":405,"width":16,"height":8}},{"id":"b96231af-f478-40d1-b139-ca92af8d585b","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":410,"width":9,"height":0}},{"id":"80aebf07-95e3-45d7-ae39-f7e781847e57","block_type":"box","text":"CHF (10,079)","page_number":101,"box":{"x":95,"y":420,"width":100,"height":11}},{"id":"71a56c8f-db03-487a-8989-59a779d12ec6","block_type":"box","text":"Sold CHF, Bought GBP 9,462 for settlement on","page_number":101,"box":{"x":230,"y":420,"width":353,"height":11}},{"id":"f96358c2-0b8e-457f-a6f6-9bbb666d998f","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":434,"width":83,"height":9}},{"id":"5637906f-aeec-40b7-9fb7-954d2ada6253","block_type":"box","text":"56","page_number":101,"box":{"x":782,"y":434,"width":17,"height":9}},{"id":"91cccfe8-5226-45a8-b8ac-dad2a65f0040","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":439,"width":9,"height":1}},{"id":"3fdd9998-59f5-4419-ac17-8050cf9826b0","block_type":"box","text":"CHF (206,606)","page_number":101,"box":{"x":85,"y":449,"width":110,"height":12}},{"id":"0b679c5e-b2d6-4299-8769-64081bb1951f","block_type":"box","text":"Sold CHF, Bought GBP 193,962 for settlement on","page_number":101,"box":{"x":230,"y":449,"width":372,"height":12}},{"id":"73a56804-3e31-4fd2-9982-260f6294ad4f","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":464,"width":83,"height":8}},{"id":"7ab44355-7988-4d2d-b530-ea81e9e71b1b","block_type":"box","text":"1,153","page_number":101,"box":{"x":760,"y":464,"width":39,"height":10}},{"id":"a33b4cb1-c9cb-40aa-bee8-42cacb7cb52e","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":469,"width":9,"height":1}},{"id":"e7344bc0-2901-45ea-a01b-690827cd331d","block_type":"box","text":"CHF (31)","page_number":101,"box":{"x":127,"y":479,"width":68,"height":11}},{"id":"9851452f-30b8-4e77-a53e-57d0a34df72a","block_type":"box","text":"Sold CHF, Bought GBP 29 for settlement on 24/07/2026","page_number":101,"box":{"x":230,"y":479,"width":413,"height":11}},{"id":"2d18d93f-6b3f-4b0e-b477-44619c24a6ce","block_type":"box","text":"–","page_number":101,"box":{"x":791,"y":484,"width":9,"height":1}},{"id":"63281ddb-7ea3-4171-864b-93744bf90f33","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":484,"width":9,"height":1}},{"id":"cbf21abf-c2eb-4461-9b5d-107950dbfbf6","block_type":"box","text":"CHF (22,088)","page_number":101,"box":{"x":95,"y":494,"width":100,"height":12}},{"id":"85c74c8a-357a-4c87-86e2-b94123a7322a","block_type":"box","text":"Sold CHF, Bought EUR 23,883 for settlement on","page_number":101,"box":{"x":230,"y":494,"width":363,"height":12}},{"id":"fe91d024-93cd-49bb-b274-f4022ceb43e0","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":509,"width":83,"height":8}},{"id":"9921d468-8648-4c17-9f1d-2acbf60e06ba","block_type":"box","text":"(143)","page_number":101,"box":{"x":762,"y":509,"width":38,"height":11}},{"id":"9d1cf7a8-5139-4197-a96f-ba856c75be57","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":514,"width":9,"height":1}},{"id":"02d5f256-ca8f-48b1-bc85-459d753a638d","block_type":"box","text":"CHF (33)","page_number":101,"box":{"x":127,"y":524,"width":68,"height":11}},{"id":"5d4a12d6-a96f-45e4-bc41-7e06282bd915","block_type":"box","text":"Sold CHF, Bought GBP 31 for settlement on 24/07/2026","page_number":101,"box":{"x":230,"y":524,"width":413,"height":11}},{"id":"9fae8eb0-ca13-449c-889d-ca763c9fcc46","block_type":"box","text":"–","page_number":101,"box":{"x":791,"y":529,"width":9,"height":1}},{"id":"37d4f999-501c-4de3-b564-f07752b67a67","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":529,"width":9,"height":1}},{"id":"dac0c871-3158-4296-a9c2-abbefcbee5f9","block_type":"box","text":"CHF (193,335)","page_number":101,"box":{"x":85,"y":539,"width":110,"height":12}},{"id":"4c8dafa3-81d3-4a5d-9905-ee46da260a8a","block_type":"box","text":"Sold CHF, Bought GBP 181,503 for settlement on","page_number":101,"box":{"x":230,"y":539,"width":372,"height":12}},{"id":"2f8d7f3b-5c49-49e4-98dc-ce67115d80aa","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":554,"width":83,"height":8}},{"id":"68dfe106-df92-4614-915c-a0865b32edc8","block_type":"box","text":"1,079","page_number":101,"box":{"x":760,"y":554,"width":39,"height":10}},{"id":"93648907-211c-41f6-b86a-99d11857f395","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":559,"width":9,"height":1}},{"id":"8ff8fc78-e7a4-4696-8843-261436af48ea","block_type":"box","text":"CHF (31)","page_number":101,"box":{"x":127,"y":569,"width":68,"height":11}},{"id":"23319edc-0c0c-49f4-9602-8ddcb248dcef","block_type":"box","text":"Sold CHF, Bought GBP 29 for settlement on 24/07/2026","page_number":101,"box":{"x":230,"y":569,"width":413,"height":11}},{"id":"059688c8-9c9f-4781-a3d7-99120b79126d","block_type":"box","text":"–","page_number":101,"box":{"x":791,"y":574,"width":9,"height":1}},{"id":"d15654da-c23b-4f5c-a7d0-6e07ed7b5a51","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":574,"width":9,"height":1}},{"id":"46e80569-203a-4c6b-a0f4-0badbb6aed17","block_type":"box","text":"EUR (1,989)","page_number":101,"box":{"x":104,"y":584,"width":91,"height":11}},{"id":"d0e4fddb-bab9-4029-a923-8840ade1ea56","block_type":"box","text":"Sold EUR, Bought AUD 3,254 for settlement on","page_number":101,"box":{"x":230,"y":584,"width":355,"height":11}},{"id":"6f1064d1-098f-4cca-b9ad-e21050ca36fd","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":598,"width":83,"height":9}},{"id":"ec4b81e5-ac28-4df1-b537-ed35e26d5538","block_type":"box","text":"(16)","page_number":101,"box":{"x":771,"y":598,"width":29,"height":12}},{"id":"3fe4b06e-694b-4380-9cac-2c89cc6615d9","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":604,"width":9,"height":1}},{"id":"42ad8c40-885a-4b4f-a323-9a85cc5c9306","block_type":"box","text":"EUR (946)","page_number":101,"box":{"x":118,"y":614,"width":77,"height":11}},{"id":"be543e65-f4ca-4d5a-be49-c1a0d2af7435","block_type":"box","text":"Sold EUR, Bought AUD 1,556 for settlement on","page_number":101,"box":{"x":230,"y":614,"width":355,"height":11}},{"id":"0b819d97-e772-42a9-85f3-f37fe12ce408","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":628,"width":83,"height":9}},{"id":"a9b97e73-e256-4f2b-ac18-e5e52282aafa","block_type":"box","text":"(3)","page_number":101,"box":{"x":781,"y":628,"width":19,"height":11}},{"id":"1bc59006-5786-4dd3-be9e-5754126b90a8","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":633,"width":9,"height":1}},{"id":"94ed66d8-dafd-401c-aa3c-e787d537c22a","block_type":"box","text":"EUR (13,103)","page_number":101,"box":{"x":94,"y":643,"width":101,"height":12}},{"id":"5f3157d4-ba91-4d75-9438-b8facf96833d","block_type":"box","text":"Sold EUR, Bought GBP 11,304 for settlement on","page_number":101,"box":{"x":230,"y":643,"width":364,"height":12}},{"id":"d9afbb37-6db2-42fe-96b8-6d89481ab451","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":658,"width":83,"height":9}},{"id":"3bd4372c-52f8-44fd-9d03-01e5712f4b60","block_type":"box","text":"73","page_number":101,"box":{"x":782,"y":658,"width":17,"height":9}},{"id":"4490c177-272c-48bb-b9b2-69b83a9dfd6e","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":663,"width":9,"height":1}},{"id":"38418688-6615-4de9-a15d-fce418d6f96c","block_type":"box","text":"EUR (341)","page_number":101,"box":{"x":118,"y":673,"width":77,"height":11}},{"id":"3a3c3faa-09b7-4e77-9686-4f8917e90289","block_type":"box","text":"Sold EUR, Bought HKD 3,048 for settlement on","page_number":101,"box":{"x":230,"y":673,"width":356,"height":11}},{"id":"42f27e5a-79ff-4d40-974f-b145ce6ba17f","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":687,"width":83,"height":9}},{"id":"f671b1cd-4dec-45f8-abae-07b7d73382d3","block_type":"box","text":"(1)","page_number":101,"box":{"x":781,"y":687,"width":19,"height":12}},{"id":"5d4e66c4-fccb-4066-b45f-60d3a2f0b0db","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":693,"width":9,"height":0}},{"id":"8ddb693c-a605-4223-b31f-db848f66d78f","block_type":"box","text":"EUR (341,821)","page_number":101,"box":{"x":85,"y":703,"width":110,"height":11}},{"id":"eac402f3-1b40-4039-8cfd-8896f419db28","block_type":"box","text":"Sold EUR, Bought GBP 296,691 for settlement on","page_number":101,"box":{"x":230,"y":703,"width":369,"height":11}},{"id":"f43ab545-e9dc-4bbf-afea-2226fbc5a92c","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":717,"width":83,"height":9}},{"id":"d0767143-bd0f-4310-a247-9d6688a9ba76","block_type":"box","text":"3,719","page_number":101,"box":{"x":759,"y":717,"width":40,"height":10}},{"id":"4568eb38-020f-4c37-a21d-017ccf3dd608","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":722,"width":9,"height":1}},{"id":"5fd13267-1a0e-4811-b4f6-abc50795b3f3","block_type":"box","text":"EUR (169)","page_number":101,"box":{"x":118,"y":732,"width":77,"height":12}},{"id":"f1cfde92-e817-47e0-a057-ff1a00a06255","block_type":"box","text":"Sold EUR, Bought JPY 31,034 for settlement on","page_number":101,"box":{"x":230,"y":732,"width":355,"height":12}},{"id":"f2d8679d-c883-454c-8cf0-138b47ca7709","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":747,"width":83,"height":8}},{"id":"398e3731-0ece-4c8b-bdd2-1ca58c858c1c","block_type":"box","text":"(1)","page_number":101,"box":{"x":781,"y":747,"width":19,"height":11}},{"id":"51580201-af15-4201-bd56-c6c8ef32331c","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":752,"width":9,"height":1}},{"id":"9114fb08-7381-4b19-b684-6d3425b9688b","block_type":"box","text":"EUR (180)","page_number":101,"box":{"x":118,"y":762,"width":77,"height":11}},{"id":"e63f20d2-462b-4c1d-a70c-84d649eb4c3a","block_type":"box","text":"Sold EUR, Bought HKD 1,611 for settlement on","page_number":101,"box":{"x":230,"y":762,"width":349,"height":11}},{"id":"7857a858-ebb2-4583-9e16-116565fb0fb7","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":776,"width":83,"height":9}},{"id":"df675b8b-8ea7-4042-9f0e-83847de142c4","block_type":"box","text":"–","page_number":101,"box":{"x":791,"y":781,"width":9,"height":1}},{"id":"dc33d4cc-64cc-4bc4-bc89-6a415010faca","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":781,"width":9,"height":1}},{"id":"12718686-a077-43f9-91f5-5db80b201c9a","block_type":"box","text":"EUR (19,588,760)","page_number":101,"box":{"x":62,"y":792,"width":133,"height":11}},{"id":"4023c2ef-8a63-4e68-9487-fcb0cb534794","block_type":"box","text":"Sold EUR, Bought GBP 17,002,490 for settlement on","page_number":101,"box":{"x":230,"y":792,"width":392,"height":11}},{"id":"b40b55d8-ca14-465e-8195-e1d03744cad6","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":806,"width":83,"height":9}},{"id":"2c979194-43bb-41fe-a002-e3cfde6d7268","block_type":"box","text":"213,132","page_number":101,"box":{"x":740,"y":806,"width":59,"height":10}},{"id":"035e45ce-5249-4793-b753-5f02e4c6e6b0","block_type":"box","text":"0.04","page_number":101,"box":{"x":925,"y":806,"width":31,"height":9}},{"id":"a1a47b3f-4af6-478b-bce7-f4dcb57a53be","block_type":"box","text":"EUR (3,272)","page_number":101,"box":{"x":104,"y":821,"width":91,"height":11}},{"id":"39cd0ec6-c3c5-4e55-afa2-789d35f45e8e","block_type":"box","text":"Sold EUR, Bought CHF 3,009 for settlement on","page_number":101,"box":{"x":230,"y":821,"width":350,"height":11}},{"id":"dc7a5af1-e3b4-4741-89eb-7a2c58170279","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":835,"width":83,"height":9}},{"id":"c2027c87-f66d-4f28-8c24-b0eeec21edc0","block_type":"box","text":"4","page_number":101,"box":{"x":791,"y":836,"width":8,"height":8}},{"id":"b46f4724-c305-4000-bfa3-55f8a36f6c14","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":841,"width":9,"height":1}},{"id":"7fe5ecc9-a1e0-4953-9655-88f0becd3544","block_type":"box","text":"EUR (250)","page_number":101,"box":{"x":118,"y":851,"width":77,"height":11}},{"id":"e0fd02e2-0249-4415-9be1-171f50d4cb62","block_type":"box","text":"Sold EUR, Bought HKD 2,226 for settlement on","page_number":101,"box":{"x":230,"y":851,"width":356,"height":11}},{"id":"38b735b9-345e-4838-8249-3078454b44fb","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":865,"width":83,"height":9}},{"id":"8a380483-ea30-4f59-83dd-fdb6ceb182d9","block_type":"box","text":"(2)","page_number":101,"box":{"x":781,"y":865,"width":19,"height":11}},{"id":"a81990d1-f207-4116-84b4-5fe1c58aa589","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":870,"width":9,"height":1}},{"id":"d2524466-42b0-4f14-8088-e125a5adc609","block_type":"box","text":"EUR (951,796)","page_number":101,"box":{"x":85,"y":880,"width":110,"height":12}},{"id":"38ff9353-f9b5-4cb8-a1cb-17fc4841ed1a","block_type":"box","text":"Sold EUR, Bought GBP 826,132 for settlement on","page_number":101,"box":{"x":230,"y":880,"width":375,"height":12}},{"id":"4d1b1757-2c68-4164-bf53-f45120f1815e","block_type":"box","text":"24/07/2026","page_number":101,"box":{"x":229,"y":895,"width":83,"height":9}},{"id":"3c45f161-8221-423c-b59a-0423acffae1e","block_type":"box","text":"10,356","page_number":101,"box":{"x":751,"y":895,"width":48,"height":10}},{"id":"1fbed201-71e1-43f6-a8f0-1680fbd1057c","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":900,"width":9,"height":1}},{"id":"f994addf-6e5e-4987-9c88-3c589c9d44cd","block_type":"box","text":"EUR (271)","page_number":101,"box":{"x":118,"y":910,"width":77,"height":11}},{"id":"511af785-3161-44b3-b0d5-7c0f417b7cbf","block_type":"box","text":"Sold EUR, Bought AUD 444 for settlement on 24/07/2026","page_number":101,"box":{"x":230,"y":910,"width":425,"height":11}},{"id":"5b166cc6-e070-4a97-bf9f-8c8c5773f198","block_type":"box","text":"(2)","page_number":101,"box":{"x":781,"y":910,"width":19,"height":11}},{"id":"e41900bf-9e6b-46dc-a2a3-ac9f389cbadb","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":915,"width":9,"height":1}},{"id":"e4e409e7-83aa-40cd-a50b-6077242de578","block_type":"box","text":"EUR (129)","page_number":101,"box":{"x":118,"y":925,"width":77,"height":12}},{"id":"0a0fdcc7-6520-4fa9-8d04-8be5960eae80","block_type":"box","text":"Sold EUR, Bought AUD 212 for settlement on 24/07/2026","page_number":101,"box":{"x":230,"y":925,"width":425,"height":12}},{"id":"cff5b417-ecd4-4443-b3a4-980c0920abe1","block_type":"box","text":"–","page_number":101,"box":{"x":791,"y":931,"width":9,"height":1}},{"id":"9186105e-9d90-42ea-a0b0-becec3adc195","block_type":"box","text":"–","page_number":101,"box":{"x":948,"y":931,"width":9,"height":1}},{"id":"9a9c81b6-b201-48f1-8fa2-6f20af1dbe91","block_type":"box","text":"101","page_number":102,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"182ec526-520b-4833-ad5e-183a6a705d7b","block_type":"box","text":"SARASIN Global Dividend","page_number":102,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"830c3397-95ca-4c04-be09-3c66e48d3a8e","block_type":"box","text":"Portfolio Statement (continued)","page_number":102,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"1f4dc291-4780-4155-9018-4475e702d2d0","block_type":"box","text":"Holding","page_number":102,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"6cc1103c-2b73-4f31-b130-6bf1110184b3","block_type":"box","text":"Investment","page_number":102,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"e1e5b5ab-0491-4f1c-9ea6-2077f7941c35","block_type":"box","text":"Market","page_number":102,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"e33b2111-915f-4244-abaa-1a8fa897ad77","block_type":"box","text":"Value","page_number":102,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"47983da1-406a-4f41-b4fb-17a5edb40717","block_type":"box","text":"£","page_number":102,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"333e8a56-d0e5-4045-b65b-4cf00f06701d","block_type":"box","text":"% of","page_number":102,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"f806788f-d700-47b6-b94e-3adac48b8b0d","block_type":"box","text":"Net Assets","page_number":102,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"19b90fe0-a190-4abf-ae4b-4203b922dfc2","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":102,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"704e755b-187f-42fe-ba0d-85b134360ea2","block_type":"box","text":"EUR (21,708)","page_number":102,"box":{"x":94,"y":183,"width":101,"height":11}},{"id":"3978884a-2a17-45f7-bd9f-66cfd5c3543b","block_type":"box","text":"Sold EUR, Bought GBP 18,603 for settlement on","page_number":102,"box":{"x":230,"y":183,"width":365,"height":11}},{"id":"f22f48eb-e1fa-40e6-b23c-c2ed437cd9f6","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"f7fe9516-2fd9-45ac-9d52-e25a71faf0c3","block_type":"box","text":"(3)","page_number":102,"box":{"x":781,"y":197,"width":19,"height":11}},{"id":"5235fe20-9fdf-4a96-9753-c5be79dd9fd9","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"08344f7c-448a-4bc6-b2c0-122f22374806","block_type":"box","text":"EUR (1,833)","page_number":102,"box":{"x":104,"y":212,"width":91,"height":12}},{"id":"b95f7944-7e65-4cdc-ab70-d8e6d1f9827a","block_type":"box","text":"Sold EUR, Bought HKD 16,305 for settlement on","page_number":102,"box":{"x":230,"y":212,"width":366,"height":12}},{"id":"bf66065f-279d-4fc7-8fab-9733a934ed50","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"8b12aea6-d2d8-4bb2-81fd-b2b47667b0c5","block_type":"box","text":"(14)","page_number":102,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"45808bc9-335d-444a-8f10-558d91b38010","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"30e4d252-f358-43a3-aff3-a18b62dfe415","block_type":"box","text":"EUR (2,501)","page_number":102,"box":{"x":104,"y":242,"width":91,"height":11}},{"id":"bef5c680-437a-43d4-890c-accd4abe6820","block_type":"box","text":"Sold EUR, Bought HKD 22,362 for settlement on","page_number":102,"box":{"x":230,"y":242,"width":366,"height":11}},{"id":"7f0f3344-70de-45f2-8dcb-4de8459a5add","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"f786d40e-4a6f-41ae-862c-8d888edaa921","block_type":"box","text":"(8)","page_number":102,"box":{"x":781,"y":256,"width":19,"height":11}},{"id":"cc1b5bb1-1316-445c-a4d9-561e61e5228c","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"fc8e96d3-1f98-49fd-81c1-2ffa68b5ca8f","block_type":"box","text":"EUR (1,318)","page_number":102,"box":{"x":104,"y":272,"width":91,"height":11}},{"id":"0b6dc76f-c63c-427d-9eac-c7b877151f89","block_type":"box","text":"Sold EUR, Bought HKD 11,803 for settlement on","page_number":102,"box":{"x":230,"y":272,"width":365,"height":11}},{"id":"f497d54b-2b30-4901-9303-f1e7d0731135","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"de871aea-b9b2-4697-bec3-fea35f6ec4cd","block_type":"box","text":"(2)","page_number":102,"box":{"x":781,"y":286,"width":19,"height":11}},{"id":"e2811fc9-4578-4b06-8a6d-a002ca8a02df","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"0bc290bb-e2a1-4e7d-af10-0c3698de10db","block_type":"box","text":"EUR (6,844)","page_number":102,"box":{"x":104,"y":301,"width":91,"height":11}},{"id":"bde3d647-f313-4b10-8c4c-436d4100fa7c","block_type":"box","text":"Sold EUR, Bought HKD 61,452 for settlement on","page_number":102,"box":{"x":230,"y":301,"width":366,"height":11}},{"id":"a163da9f-b907-4999-aea6-5dda62e6dc95","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"f131b7d9-ee12-47e7-9154-33a05ff152c0","block_type":"box","text":"2","page_number":102,"box":{"x":791,"y":316,"width":8,"height":8}},{"id":"e6e5588c-b3a7-4c03-86b7-ca997f346548","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"65aca9b1-0210-482b-b1cf-62f4f9435bc6","block_type":"box","text":"EUR (1,238)","page_number":102,"box":{"x":104,"y":331,"width":91,"height":11}},{"id":"0f25450a-0236-45cc-a8ac-6d54c9c3bc9b","block_type":"box","text":"Sold EUR, Bought JPY 227,404 for settlement on","page_number":102,"box":{"x":230,"y":331,"width":370,"height":11}},{"id":"ab29cd7a-c7a9-4707-884b-df123f409227","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"aceaf95a-d203-496a-a6f4-3252aba176fe","block_type":"box","text":"(5)","page_number":102,"box":{"x":781,"y":345,"width":19,"height":11}},{"id":"3d51a26a-8cce-4914-a4ac-9afd95fbf463","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":350,"width":9,"height":1}},{"id":"015abc81-2c2c-472a-8973-04a3dd6f74f5","block_type":"box","text":"EUR (195)","page_number":102,"box":{"x":118,"y":360,"width":77,"height":12}},{"id":"53cdcc19-b067-482b-9f4a-6648ae9676ba","block_type":"box","text":"Sold EUR, Bought AUD 322 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":360,"width":425,"height":12}},{"id":"39fba7a6-480f-4c56-800a-eced3fa46f24","block_type":"box","text":"–","page_number":102,"box":{"x":791,"y":366,"width":9,"height":1}},{"id":"a8bb1433-bc6a-4cbd-ba1e-fe992799f620","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":366,"width":9,"height":1}},{"id":"f286b218-46b0-4750-9751-e34c831a17a8","block_type":"box","text":"EUR (24,018)","page_number":102,"box":{"x":94,"y":376,"width":101,"height":11}},{"id":"a935d886-ede6-4e2d-903c-644a31fc1c63","block_type":"box","text":"Sold EUR, Bought CHF 22,088 for settlement on","page_number":102,"box":{"x":230,"y":376,"width":365,"height":11}},{"id":"edd4dbf8-5e0c-4f1c-bf44-7ac8ec0bd187","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":390,"width":83,"height":9}},{"id":"535f5cbc-816b-447c-8881-0e62006ab959","block_type":"box","text":"28","page_number":102,"box":{"x":782,"y":390,"width":17,"height":9}},{"id":"27a14ddf-676d-4b05-bfe1-ed4ca32ceb4e","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":395,"width":9,"height":1}},{"id":"8376cacd-8fcb-40a8-9fe9-e730b3efb3e1","block_type":"box","text":"EUR (5,014)","page_number":102,"box":{"x":104,"y":405,"width":91,"height":12}},{"id":"d99e1f57-5a43-4cf5-a3a6-7f9353a75875","block_type":"box","text":"Sold EUR, Bought JPY 922,809 for settlement on","page_number":102,"box":{"x":230,"y":405,"width":370,"height":12}},{"id":"fbc082b5-3307-48d7-a212-290720b1ad1b","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":420,"width":83,"height":9}},{"id":"f93c1237-2908-4406-ba3c-bc7bda202a07","block_type":"box","text":"(10)","page_number":102,"box":{"x":771,"y":420,"width":29,"height":11}},{"id":"af820a92-2b1e-430f-8a47-74d069dd29b5","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":425,"width":9,"height":1}},{"id":"14e44c30-4480-4fc5-98fb-8e438ad6d205","block_type":"box","text":"EUR (486)","page_number":102,"box":{"x":118,"y":435,"width":77,"height":11}},{"id":"143f0736-9b78-4309-b347-49d650e0e89e","block_type":"box","text":"Sold EUR, Bought GBP 420 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":435,"width":425,"height":11}},{"id":"e353f29e-2073-4518-8911-3154a0d3f1a2","block_type":"box","text":"3","page_number":102,"box":{"x":792,"y":435,"width":7,"height":9}},{"id":"2f2a2869-91bf-484e-bf22-ec66de25329e","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":440,"width":9,"height":1}},{"id":"63ee2624-8325-40eb-8d7d-2219356a5435","block_type":"box","text":"EUR (99,042)","page_number":102,"box":{"x":94,"y":450,"width":101,"height":12}},{"id":"50a42457-856a-4d45-ae16-86f68101e783","block_type":"box","text":"Sold EUR, Bought USD 113,464 for settlement on","page_number":102,"box":{"x":230,"y":450,"width":374,"height":12}},{"id":"9382e4f0-085f-4527-aa35-a2dc087d27f6","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":465,"width":83,"height":9}},{"id":"0478e6a1-cfd3-499d-baa1-5416615423a2","block_type":"box","text":"57","page_number":102,"box":{"x":782,"y":465,"width":17,"height":9}},{"id":"9b6dd6ee-c983-4abb-b3cb-dab4e3b3320a","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":470,"width":9,"height":1}},{"id":"bfe59935-763b-4c59-9007-128d83448948","block_type":"box","text":"EUR (3,560)","page_number":102,"box":{"x":104,"y":480,"width":91,"height":11}},{"id":"b8d90d74-8125-4514-91e0-e75968c36df4","block_type":"box","text":"Sold EUR, Bought GBP 3,077 for settlement on","page_number":102,"box":{"x":230,"y":480,"width":356,"height":11}},{"id":"378f77ec-a6a7-4551-a2c2-c6f2709faae3","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":494,"width":83,"height":9}},{"id":"c550e98f-51a7-4ca4-8649-f60f63af34f8","block_type":"box","text":"26","page_number":102,"box":{"x":782,"y":494,"width":17,"height":9}},{"id":"bebd97ae-1520-400b-ada0-dcca1f04f323","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":500,"width":9,"height":0}},{"id":"211fb40e-8961-434f-95c6-ff89a5d92210","block_type":"box","text":"EUR (299)","page_number":102,"box":{"x":118,"y":510,"width":77,"height":11}},{"id":"88eec1e3-5265-4573-801e-5bdcfafd99d5","block_type":"box","text":"Sold EUR, Bought HKD 2,660 for settlement on","page_number":102,"box":{"x":230,"y":510,"width":356,"height":11}},{"id":"f7b16117-80d2-4d03-a782-a0db6d123b35","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":524,"width":83,"height":9}},{"id":"ce5a7218-bea0-40d5-95f3-f824dfbe8706","block_type":"box","text":"(2)","page_number":102,"box":{"x":781,"y":524,"width":19,"height":11}},{"id":"6ea4c2d2-16c8-4ff2-b8d3-f7a5cfd90239","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":529,"width":9,"height":1}},{"id":"ff603c5c-1d0c-45a4-87ee-79dcb73428e6","block_type":"box","text":"EUR (581)","page_number":102,"box":{"x":118,"y":539,"width":77,"height":12}},{"id":"fabe3f78-aa72-434f-9d5c-935597d27ac9","block_type":"box","text":"Sold EUR, Bought GBP 502 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":539,"width":425,"height":12}},{"id":"0243304d-aa84-4fad-b9fb-85a9f217a913","block_type":"box","text":"4","page_number":102,"box":{"x":791,"y":540,"width":8,"height":8}},{"id":"c8c38939-692a-4520-bb78-a4684ade11c9","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":544,"width":9,"height":1}},{"id":"1478de2d-cbcd-419f-825f-5a0d94e0ecb4","block_type":"box","text":"EUR (187)","page_number":102,"box":{"x":118,"y":555,"width":77,"height":11}},{"id":"71edbf34-c6f9-4caa-85da-69f77adc058b","block_type":"box","text":"Sold EUR, Bought GBP 161 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":555,"width":425,"height":11}},{"id":"7f17d055-d794-4a8f-b61d-a76d10434309","block_type":"box","text":"–","page_number":102,"box":{"x":791,"y":560,"width":9,"height":1}},{"id":"cc790266-5918-4a7d-8a90-a14b265ed849","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":560,"width":9,"height":1}},{"id":"0354b3c5-69ea-4aed-a9c6-a4e6bb216fd7","block_type":"box","text":"EUR (15,459)","page_number":102,"box":{"x":94,"y":570,"width":101,"height":11}},{"id":"d933b523-6667-4722-861d-16345ca1d4d8","block_type":"box","text":"Sold EUR, Bought GBP 13,243 for settlement on","page_number":102,"box":{"x":230,"y":570,"width":365,"height":11}},{"id":"930b7d96-7384-4516-a705-b442c4bbdd77","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":584,"width":83,"height":9}},{"id":"60d43531-6574-4684-b537-8f30f1b4e476","block_type":"box","text":"(12)","page_number":102,"box":{"x":771,"y":584,"width":29,"height":11}},{"id":"45e5e258-1e7b-45e8-9901-6e5abf215fc9","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":589,"width":9,"height":1}},{"id":"d2645795-72a3-430e-ac9f-0ff8d69f07e1","block_type":"box","text":"EUR (1,366)","page_number":102,"box":{"x":104,"y":600,"width":91,"height":11}},{"id":"f36c550c-310a-460b-bc12-20fcdda38e41","block_type":"box","text":"Sold EUR, Bought GBP 1,170 for settlement on","page_number":102,"box":{"x":230,"y":600,"width":356,"height":11}},{"id":"0ff831c5-b9ef-426d-8c17-878057ffddec","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":614,"width":83,"height":9}},{"id":"a96f92bd-f6a2-4f40-a615-038426e81226","block_type":"box","text":"(1)","page_number":102,"box":{"x":781,"y":614,"width":19,"height":11}},{"id":"a85bc05d-6103-4a1d-891a-087cc90e8e2a","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":619,"width":9,"height":1}},{"id":"96760ce0-4f47-4e82-a5e2-98cb00a9519b","block_type":"box","text":"EUR (566,483)","page_number":102,"box":{"x":85,"y":629,"width":110,"height":11}},{"id":"a552391e-e8d2-4073-9bb3-09580931dd65","block_type":"box","text":"Sold EUR, Bought GBP 485,293 for settlement on","page_number":102,"box":{"x":230,"y":629,"width":375,"height":11}},{"id":"fac66bfc-0780-40e4-bfce-993ed91609d4","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":643,"width":83,"height":9}},{"id":"c83a4e3c-03de-4f01-abae-88c529744e77","block_type":"box","text":"(437)","page_number":102,"box":{"x":762,"y":643,"width":38,"height":12}},{"id":"d7a93193-d7bd-461e-a20b-118ac5215794","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":649,"width":9,"height":1}},{"id":"49a34bce-7900-4987-8cdc-b026bb088f39","block_type":"box","text":"EUR (27,677)","page_number":102,"box":{"x":94,"y":659,"width":101,"height":11}},{"id":"0118a134-b507-4d5a-8a69-1c903f3ba8fb","block_type":"box","text":"Sold EUR, Bought GBP 23,711 for settlement on","page_number":102,"box":{"x":230,"y":659,"width":364,"height":11}},{"id":"55fde71f-8056-4849-abce-1b6e53f46dbc","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":673,"width":83,"height":9}},{"id":"97c4ff8e-b4c8-4b8c-bc6a-bf496005cd0c","block_type":"box","text":"(21)","page_number":102,"box":{"x":771,"y":673,"width":29,"height":11}},{"id":"75a0ca89-3da4-4358-9133-a64bfae041f4","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":678,"width":9,"height":1}},{"id":"af7a839b-3c85-4222-b7c0-2c673b4559b3","block_type":"box","text":"EUR (1,427)","page_number":102,"box":{"x":104,"y":688,"width":91,"height":12}},{"id":"223a7781-233e-41fa-9f73-a47d0062f17a","block_type":"box","text":"Sold EUR, Bought AUD 2,358 for settlement on","page_number":102,"box":{"x":230,"y":688,"width":350,"height":12}},{"id":"009d4079-5d4f-476b-a02c-b7fe92a68717","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":703,"width":83,"height":9}},{"id":"36fc4c5b-ec48-40fb-b1da-0b4105243b8b","block_type":"box","text":"1","page_number":102,"box":{"x":793,"y":703,"width":4,"height":8}},{"id":"98d86b25-03b7-44b8-bbdd-8f1da7bb8abb","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":708,"width":9,"height":1}},{"id":"807ce309-0302-4cb3-9c6c-c62aeebba144","block_type":"box","text":"EUR (820)","page_number":102,"box":{"x":118,"y":718,"width":77,"height":11}},{"id":"75719966-3fc6-4937-861e-a088542dd9a5","block_type":"box","text":"Sold EUR, Bought GBP 703 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":718,"width":425,"height":11}},{"id":"9aa7b603-e387-4254-bbc9-d859ec851549","block_type":"box","text":"(1)","page_number":102,"box":{"x":781,"y":718,"width":19,"height":11}},{"id":"eaec42f5-705e-42e5-a8e8-81127c3a43e8","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":723,"width":9,"height":1}},{"id":"116134fa-c3fc-49fd-a8fa-47e5a1750b01","block_type":"box","text":"EUR (3,925)","page_number":102,"box":{"x":104,"y":733,"width":91,"height":12}},{"id":"c979c99a-e055-4590-ac56-03609bd54bdc","block_type":"box","text":"Sold EUR, Bought CHF 3,610 for settlement on","page_number":102,"box":{"x":230,"y":733,"width":350,"height":12}},{"id":"4e0b9b5c-982b-4052-8f77-5625460725ca","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":748,"width":83,"height":9}},{"id":"6d49bd9f-2567-485e-a267-0ab040085eef","block_type":"box","text":"5","page_number":102,"box":{"x":792,"y":748,"width":7,"height":9}},{"id":"f3ff354c-dada-4b38-96d9-8a92772c1112","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":753,"width":9,"height":1}},{"id":"70d6c4cf-5edd-4fb5-ae7d-ffef2f036c34","block_type":"box","text":"EUR (233)","page_number":102,"box":{"x":118,"y":763,"width":77,"height":11}},{"id":"7e9e2edd-5c12-48a7-9f10-ed7c44ae2438","block_type":"box","text":"Sold EUR, Bought AUD 385 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":763,"width":425,"height":11}},{"id":"a417c35f-d7cc-44b2-bfe9-8bf0f810537e","block_type":"box","text":"–","page_number":102,"box":{"x":791,"y":768,"width":9,"height":1}},{"id":"996210be-e42a-4363-8a9d-ead46171c7a6","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":768,"width":9,"height":1}},{"id":"a14cd57f-c611-40ce-abae-69e55df20c85","block_type":"box","text":"EUR (154)","page_number":102,"box":{"x":118,"y":778,"width":77,"height":12}},{"id":"1dcb5544-3340-4ef7-83de-248372168db0","block_type":"box","text":"Sold EUR, Bought AUD 254 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":778,"width":425,"height":12}},{"id":"881ac89f-d9c1-4593-8825-a01b74f868b9","block_type":"box","text":"–","page_number":102,"box":{"x":791,"y":784,"width":9,"height":1}},{"id":"dd5eccdd-aba9-4920-83f0-24a5e37857ae","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":784,"width":9,"height":1}},{"id":"708aca9b-ba43-4641-a21d-7655bf0661b5","block_type":"box","text":"EUR (325)","page_number":102,"box":{"x":118,"y":794,"width":77,"height":11}},{"id":"42ea31a6-3ab3-47fc-815c-89b6b1559857","block_type":"box","text":"Sold EUR, Bought AUD 531 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":794,"width":425,"height":11}},{"id":"f70441fe-36d9-4d5b-9e69-5fb42db06125","block_type":"box","text":"(3)","page_number":102,"box":{"x":781,"y":794,"width":19,"height":11}},{"id":"28bf5253-167a-40f2-be19-a1836e0e5fe3","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":799,"width":9,"height":1}},{"id":"13806997-755c-4652-8640-e969c8daa964","block_type":"box","text":"EUR (288)","page_number":102,"box":{"x":118,"y":809,"width":77,"height":11}},{"id":"72bca44b-8fa2-4f6a-8596-f58d27ba31bb","block_type":"box","text":"Sold EUR, Bought JPY 52,932 for settlement on","page_number":102,"box":{"x":230,"y":809,"width":355,"height":11}},{"id":"378e1dce-b149-4306-a36e-ba788a45c111","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":823,"width":83,"height":9}},{"id":"1ce5d2ba-667a-459e-9d10-866af0cb83ed","block_type":"box","text":"(1)","page_number":102,"box":{"x":781,"y":823,"width":19,"height":12}},{"id":"3f64cb43-9b4f-44cc-a3c4-5d4d021f3f19","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":829,"width":9,"height":1}},{"id":"5caa7b42-1a2e-4eef-8d21-e2ffd1d43545","block_type":"box","text":"EUR (409)","page_number":102,"box":{"x":118,"y":839,"width":77,"height":11}},{"id":"21fbda1f-be78-49e0-848c-2f92d61d78d4","block_type":"box","text":"Sold EUR, Bought HKD 3,653 for settlement on","page_number":102,"box":{"x":230,"y":839,"width":356,"height":11}},{"id":"511b838f-2254-4b93-99e0-ec93da975ee9","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":853,"width":83,"height":9}},{"id":"dcedec61-0385-4d7a-a9ce-deb667d98bf8","block_type":"box","text":"(1)","page_number":102,"box":{"x":781,"y":853,"width":19,"height":11}},{"id":"356803e5-fc8a-44a5-9fa7-8668be56711c","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":858,"width":9,"height":1}},{"id":"84134070-e34e-4349-bcc5-103df9a25b2b","block_type":"box","text":"EUR (5,593)","page_number":102,"box":{"x":104,"y":868,"width":91,"height":12}},{"id":"6cc8d1f2-1064-4756-98c4-60a34e4f5b6c","block_type":"box","text":"Sold EUR, Bought GBP 4,793 for settlement on","page_number":102,"box":{"x":230,"y":868,"width":356,"height":12}},{"id":"ed44435c-5003-48b8-bd5d-b9701fa2e2b9","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":883,"width":83,"height":9}},{"id":"19dcb8a6-45d9-4f7e-adea-f99cbfb91a93","block_type":"box","text":"(1)","page_number":102,"box":{"x":781,"y":883,"width":19,"height":11}},{"id":"ebc87e5a-4117-4889-9153-5f5a265b23c1","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":888,"width":9,"height":1}},{"id":"b64773f1-3bc7-4cda-adfd-b7a127849ff0","block_type":"box","text":"EUR (660)","page_number":102,"box":{"x":118,"y":898,"width":77,"height":11}},{"id":"c72ddb78-79a2-4425-b4ae-35c6b45b5dd6","block_type":"box","text":"Sold EUR, Bought GBP 567 for settlement on 24/07/2026","page_number":102,"box":{"x":230,"y":898,"width":425,"height":11}},{"id":"b290a5d9-a6d6-45fa-a656-08cd1bbf38ff","block_type":"box","text":"2","page_number":102,"box":{"x":791,"y":898,"width":8,"height":9}},{"id":"5908c9ec-8b50-46ea-8b95-defb6cfcab35","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":903,"width":9,"height":1}},{"id":"420c1630-25d5-4ee3-b284-fd65f3e2d2f3","block_type":"box","text":"EUR (1,777)","page_number":102,"box":{"x":104,"y":913,"width":91,"height":12}},{"id":"249f8769-573f-48c9-a33a-35cd587220e5","block_type":"box","text":"Sold EUR, Bought GBP 1,534 for settlement on","page_number":102,"box":{"x":230,"y":913,"width":356,"height":12}},{"id":"f8da809f-0abf-4bc2-aa49-4d32cdf52a4e","block_type":"box","text":"24/07/2026","page_number":102,"box":{"x":229,"y":928,"width":83,"height":9}},{"id":"3d254fea-26ee-4669-804a-3a2ea72ad2e1","block_type":"box","text":"11","page_number":102,"box":{"x":785,"y":928,"width":12,"height":8}},{"id":"56b9828e-117e-465e-aa14-6757671ddc2e","block_type":"box","text":"–","page_number":102,"box":{"x":948,"y":933,"width":9,"height":1}},{"id":"bf7541c7-1738-41bf-92e0-bcd725d47e76","block_type":"box","text":"102","page_number":103,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"3b5110df-ab62-4f46-93c1-0335cbff3467","block_type":"box","text":"103","page_number":103,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"8588a9dc-2998-42f4-93f6-bb5a18b0680d","block_type":"box","text":"SARASIN Global Dividend","page_number":103,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"4aadf582-a152-40ed-a752-5961bb21dbc0","block_type":"box","text":"Portfolio Statement (continued)","page_number":103,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"39fb6d67-d74a-4e46-b1a6-d7a825eb1430","block_type":"box","text":"Holding","page_number":103,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"afa79d50-0b68-4bde-9609-01b11daf843e","block_type":"box","text":"Investment","page_number":103,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"5855439d-ec0c-4db8-badd-90420b17fd0f","block_type":"box","text":"Market","page_number":103,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"ecdefd41-6841-4bd7-8da7-e7e76eeaaf9d","block_type":"box","text":"Value","page_number":103,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"3dfaf025-1517-4ed9-975b-d29a046c5219","block_type":"box","text":"£","page_number":103,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"887fb33f-d536-4fd3-8ea6-66f9be0d040c","block_type":"box","text":"% of","page_number":103,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"0fe58c90-66a3-42d0-8f52-18e152b413e9","block_type":"box","text":"Net Assets","page_number":103,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"b3d99d20-798f-4631-8035-f976523d6e13","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":103,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"6571efca-0dcc-474c-a81d-ed36d7ba4f41","block_type":"box","text":"EUR (116,366)","page_number":103,"box":{"x":86,"y":183,"width":109,"height":11}},{"id":"6f1f5d6b-d2e3-4558-8ff5-d99894cf9d81","block_type":"box","text":"Sold EUR, Bought GBP 99,688 for settlement on","page_number":103,"box":{"x":230,"y":183,"width":365,"height":11}},{"id":"e11148ec-a761-403d-a3b7-4253c83836d7","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"66acca42-626a-4ef0-9447-6e48d165547b","block_type":"box","text":"(90)","page_number":103,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"802a663d-e920-4cb5-ba06-6e3951438719","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"ab20119b-acf6-4b94-bcfb-d2f315cbe958","block_type":"box","text":"EUR (108,552)","page_number":103,"box":{"x":85,"y":212,"width":110,"height":12}},{"id":"3146b9ae-4335-45df-b7ec-cecd70a02940","block_type":"box","text":"Sold EUR, Bought GBP 92,994 for settlement on","page_number":103,"box":{"x":230,"y":212,"width":365,"height":12}},{"id":"a2cf897b-f63b-4e2f-9002-f370b6d15187","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"0b3878f9-84ec-4d0a-b603-e3b760cb781c","block_type":"box","text":"(84)","page_number":103,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"3419cecc-ec7f-4cd2-a7c2-c5ee85fe93e2","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"a9a92801-5de8-442d-9272-c75d2aef4b6c","block_type":"box","text":"EUR (202)","page_number":103,"box":{"x":118,"y":242,"width":77,"height":11}},{"id":"de7e6e24-1a5e-411a-aa6b-b880e335bcd3","block_type":"box","text":"Sold EUR, Bought JPY 37,107 for settlement on","page_number":103,"box":{"x":230,"y":242,"width":361,"height":11}},{"id":"5792eb72-6416-43a5-9682-1401ca641423","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"6a69f2dd-9a79-46d2-b88e-92d37150b714","block_type":"box","text":"(1)","page_number":103,"box":{"x":781,"y":256,"width":19,"height":11}},{"id":"1c3c5f69-d8e7-46a2-ab3b-7cf35a50167d","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"f1b4c417-58b0-4d37-bba2-66f3ba350884","block_type":"box","text":"EUR (215)","page_number":103,"box":{"x":118,"y":272,"width":77,"height":11}},{"id":"ca464735-9730-4eaf-99a5-5f21a9224f85","block_type":"box","text":"Sold EUR, Bought HKD 1,927 for settlement on","page_number":103,"box":{"x":230,"y":272,"width":356,"height":11}},{"id":"aefb0c2b-4a44-4b6d-9e98-8c2e2f0c5d6b","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"d8118353-d914-40fc-ae7e-510a25436c20","block_type":"box","text":"–","page_number":103,"box":{"x":791,"y":291,"width":9,"height":1}},{"id":"83a8c301-4ab0-44fd-8261-6c57dd4bab37","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"42ec7c16-e3ca-4d5e-a9b7-55c02b7a6466","block_type":"box","text":"EUR (195,726)","page_number":103,"box":{"x":85,"y":301,"width":110,"height":11}},{"id":"ef9509ea-b97a-4fc5-83a1-a4b9ec5d36a3","block_type":"box","text":"Sold EUR, Bought GBP 169,885 for settlement on","page_number":103,"box":{"x":230,"y":301,"width":375,"height":11}},{"id":"49deeabb-2b96-4188-a727-359d14483887","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"29c0ddfa-8c1a-4bd9-afff-8ee33ce4503a","block_type":"box","text":"2,130","page_number":103,"box":{"x":759,"y":316,"width":40,"height":10}},{"id":"f1e51529-aac1-4e79-8d5d-f285ddd4e3b1","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"afa013b1-408d-4e37-85a6-c93a99f911fd","block_type":"box","text":"EUR (4,012,039)","page_number":103,"box":{"x":71,"y":331,"width":124,"height":11}},{"id":"43599750-be25-43a2-9ede-a8863bbbf847","block_type":"box","text":"Sold EUR, Bought GBP 3,482,336 for settlement on","page_number":103,"box":{"x":230,"y":331,"width":389,"height":11}},{"id":"f1dc8990-1029-4f07-ba0b-9166393b66e2","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"8090d052-37aa-4a7b-bc0e-4be4a103051c","block_type":"box","text":"43,652","page_number":103,"box":{"x":749,"y":345,"width":50,"height":11}},{"id":"3c603f88-2db2-408b-b897-3fa3cbd95b67","block_type":"box","text":"0.01","page_number":103,"box":{"x":925,"y":345,"width":29,"height":9}},{"id":"ac7abdd9-6779-4ba8-bd3f-7dcc91773c5b","block_type":"box","text":"EUR (19,655)","page_number":103,"box":{"x":94,"y":360,"width":101,"height":12}},{"id":"bcaa608b-7ff8-4a66-9a3e-f8bb6bcbb519","block_type":"box","text":"Sold EUR, Bought GBP 16,957 for settlement on","page_number":103,"box":{"x":230,"y":360,"width":365,"height":12}},{"id":"8feab89d-c623-42d0-a2a6-809f5a63d41d","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":375,"width":83,"height":9}},{"id":"f990e960-e5ea-4b6d-990d-c7d21f065bde","block_type":"box","text":"111","page_number":103,"box":{"x":776,"y":375,"width":21,"height":8}},{"id":"f5a03551-a104-411a-aa77-b234c28e8dbf","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":380,"width":9,"height":1}},{"id":"dc91f847-2040-44e7-9102-abca1ef0ec5e","block_type":"box","text":"EUR (583)","page_number":103,"box":{"x":118,"y":390,"width":77,"height":11}},{"id":"35ae5712-2417-4d7b-a0c2-062572ddc6b7","block_type":"box","text":"Sold EUR, Bought HKD 5,211 for settlement on","page_number":103,"box":{"x":230,"y":390,"width":355,"height":11}},{"id":"e494605f-1104-4bfb-ab28-c51de708ca32","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":404,"width":83,"height":9}},{"id":"198dd4d8-a743-4816-a8b6-002fdef24cda","block_type":"box","text":"(2)","page_number":103,"box":{"x":781,"y":404,"width":19,"height":12}},{"id":"0fa27a4c-6362-414a-9e2e-5f6ad0583f67","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":410,"width":9,"height":0}},{"id":"99e8311e-6d2b-453f-85c3-b57aa52fbf80","block_type":"box","text":"EUR (659)","page_number":103,"box":{"x":118,"y":420,"width":77,"height":11}},{"id":"0cbe0309-b167-4fea-9da2-0dc58c7429d9","block_type":"box","text":"Sold EUR, Bought GBP 572 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":420,"width":425,"height":11}},{"id":"4b8b88d2-62cb-4f8f-b265-35226e675d9b","block_type":"box","text":"7","page_number":103,"box":{"x":792,"y":420,"width":7,"height":8}},{"id":"fad35cf6-dd08-4455-be6c-29add430e28b","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":425,"width":9,"height":1}},{"id":"43947275-77b1-47c3-9c36-34c0a0bcc188","block_type":"box","text":"EUR (612)","page_number":103,"box":{"x":118,"y":435,"width":77,"height":11}},{"id":"8aad389e-94c2-4872-97d6-d8fb702ff161","block_type":"box","text":"Sold EUR, Bought GBP 529 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":435,"width":425,"height":11}},{"id":"e18d730a-21fb-413a-9547-3c4c0d5ef359","block_type":"box","text":"5","page_number":103,"box":{"x":792,"y":435,"width":7,"height":9}},{"id":"773819af-f115-4b12-9fdd-b769c8319be0","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":440,"width":9,"height":1}},{"id":"9a3de575-abe8-4eac-8e30-053da29d42e2","block_type":"box","text":"EUR (607)","page_number":103,"box":{"x":118,"y":450,"width":77,"height":12}},{"id":"2ff3bb38-d9e8-464f-8a19-c4810cb6b4d7","block_type":"box","text":"Sold EUR, Bought GBP 524 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":450,"width":425,"height":12}},{"id":"5bb9241f-11cd-4dd6-9565-da2fee715915","block_type":"box","text":"4","page_number":103,"box":{"x":791,"y":451,"width":8,"height":8}},{"id":"4e551ede-7b5c-4c9f-b5fd-5a1d7a77afea","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"f33410ef-282c-42e4-a9a7-a362b5a861b4","block_type":"box","text":"EUR (690)","page_number":103,"box":{"x":118,"y":466,"width":77,"height":11}},{"id":"724d1111-77b8-4f59-aff8-69d26e3fc9c4","block_type":"box","text":"Sold EUR, Bought GBP 595 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":466,"width":425,"height":11}},{"id":"c3784fa3-328f-4096-a260-bc378545e1c5","block_type":"box","text":"4","page_number":103,"box":{"x":791,"y":466,"width":8,"height":9}},{"id":"a62aea0a-3761-47db-9100-e340ad54ed07","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":471,"width":9,"height":1}},{"id":"0024fad8-1e5b-4847-bcb0-4c6bed92c83c","block_type":"box","text":"EUR (1)","page_number":103,"box":{"x":136,"y":481,"width":59,"height":11}},{"id":"2f697da6-feb0-4645-a575-48665988d1d8","block_type":"box","text":"Sold EUR, Bought GBP 1 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":481,"width":407,"height":11}},{"id":"59cca2d3-9e0a-427b-85af-4da06ab427b4","block_type":"box","text":"–","page_number":103,"box":{"x":791,"y":486,"width":9,"height":1}},{"id":"42d1a5b8-ac06-4cad-a9e0-e9e3184849d3","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":486,"width":9,"height":1}},{"id":"c1c2545d-4322-4137-adb3-820c3e2cf9ec","block_type":"box","text":"EUR (1,756)","page_number":103,"box":{"x":104,"y":496,"width":91,"height":12}},{"id":"da685c06-2598-487f-a23f-37b3c0ed2819","block_type":"box","text":"Sold EUR, Bought GBP 1,519 for settlement on","page_number":103,"box":{"x":230,"y":496,"width":356,"height":12}},{"id":"6e4ee382-9fab-4e47-b2a0-cf4752661c90","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":511,"width":83,"height":9}},{"id":"d18df50e-7d6a-4efd-819d-588913765b87","block_type":"box","text":"14","page_number":103,"box":{"x":783,"y":511,"width":16,"height":9}},{"id":"62c69fe9-7537-44b8-a9c5-f113c5d91d93","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":516,"width":9,"height":1}},{"id":"a6eec15d-7a1d-4624-8494-f5dbe9b5b7c9","block_type":"box","text":"EUR (427)","page_number":103,"box":{"x":118,"y":526,"width":77,"height":11}},{"id":"4b592ed1-5a10-4820-afbc-789c62d80814","block_type":"box","text":"Sold EUR, Bought GBP 368 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":526,"width":425,"height":11}},{"id":"e70e6747-ba63-483a-9e6d-b2d72b7e6545","block_type":"box","text":"2","page_number":103,"box":{"x":791,"y":526,"width":8,"height":9}},{"id":"c4b51042-0345-44f6-8bd2-f6ac900e15ec","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":531,"width":9,"height":1}},{"id":"07afce9c-747a-458a-a055-be3571969ed3","block_type":"box","text":"EUR (3,754,338)","page_number":103,"box":{"x":71,"y":541,"width":124,"height":12}},{"id":"060ed2be-0476-4a2a-84ad-c00cc2f37acc","block_type":"box","text":"Sold EUR, Bought GBP 3,258,660 for settlement on","page_number":103,"box":{"x":230,"y":541,"width":389,"height":12}},{"id":"14a09258-7728-4a3d-a457-9ce21e30cc35","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":556,"width":83,"height":9}},{"id":"f0b0745e-5c42-414d-b31a-6971330f6767","block_type":"box","text":"40,848","page_number":103,"box":{"x":749,"y":556,"width":50,"height":10}},{"id":"f6489dab-415c-4d67-8935-aafde7b862c2","block_type":"box","text":"0.01","page_number":103,"box":{"x":925,"y":556,"width":29,"height":9}},{"id":"1ebbe527-f5cd-485b-830d-872fdaa96422","block_type":"box","text":"EUR (426)","page_number":103,"box":{"x":118,"y":571,"width":77,"height":11}},{"id":"31670c79-af0f-4db7-9c9d-7f4e01804ac9","block_type":"box","text":"Sold EUR, Bought HKD 3,794 for settlement on","page_number":103,"box":{"x":230,"y":571,"width":356,"height":11}},{"id":"a8e390e9-ef4e-40ac-b4e0-4048e70adcee","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":585,"width":83,"height":9}},{"id":"3dd5f8b2-7a26-4dca-9738-1dcb746f05d1","block_type":"box","text":"(3)","page_number":103,"box":{"x":781,"y":585,"width":19,"height":12}},{"id":"efe19232-087a-4073-9422-451649b4c8e4","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":591,"width":9,"height":0}},{"id":"6881f52c-6476-4e00-af6f-f7c296d52b7a","block_type":"box","text":"EUR (307)","page_number":103,"box":{"x":118,"y":601,"width":77,"height":11}},{"id":"8fd8fb50-98d9-4fe0-9010-bf9c322e26d7","block_type":"box","text":"Sold EUR, Bought HKD 2,748 for settlement on","page_number":103,"box":{"x":230,"y":601,"width":356,"height":11}},{"id":"e242dc09-3f29-47dd-99a2-cd106ee32d13","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":615,"width":83,"height":9}},{"id":"31dca965-a71e-4a26-9ef5-5ae01fb58e90","block_type":"box","text":"–","page_number":103,"box":{"x":791,"y":620,"width":9,"height":1}},{"id":"15b9763b-027b-4752-86ba-1b1f5165d0b7","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":620,"width":9,"height":1}},{"id":"9ea02146-9453-4840-b1e7-1a4ee243ca1f","block_type":"box","text":"EUR (47,473)","page_number":103,"box":{"x":94,"y":630,"width":101,"height":12}},{"id":"538bed5a-b12b-4789-a681-ff5729e17dd5","block_type":"box","text":"Sold EUR, Bought GBP 41,205 for settlement on","page_number":103,"box":{"x":230,"y":630,"width":365,"height":12}},{"id":"1ebd6d23-0a04-4317-9568-2c10bfc27980","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":645,"width":83,"height":8}},{"id":"3a51719a-d0fb-4f55-8528-36aa79956cdf","block_type":"box","text":"517","page_number":103,"box":{"x":773,"y":645,"width":26,"height":8}},{"id":"9a2a949e-a4a9-41b3-b9f7-1cdd4e8e1936","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":650,"width":9,"height":1}},{"id":"0900fda3-16c0-42c0-8c87-d3b50c554cdb","block_type":"box","text":"EUR (464)","page_number":103,"box":{"x":118,"y":660,"width":77,"height":11}},{"id":"c37d7f0e-3214-4e18-9586-64f8cd6f0c61","block_type":"box","text":"Sold EUR, Bought AUD 758 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":660,"width":425,"height":11}},{"id":"59fff5c1-d92b-43f5-9aa2-e1ef0b8a9d2c","block_type":"box","text":"(4)","page_number":103,"box":{"x":781,"y":660,"width":19,"height":11}},{"id":"363c7005-00a5-4152-8d9f-916b6f01d361","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":665,"width":9,"height":1}},{"id":"fc3a4c79-f8c4-4cf8-95db-42c71effc9b1","block_type":"box","text":"EUR (829)","page_number":103,"box":{"x":118,"y":675,"width":77,"height":12}},{"id":"88b5603a-cca1-4ee9-af0b-0f2c75aa438b","block_type":"box","text":"Sold EUR, Bought GBP 716 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":675,"width":425,"height":12}},{"id":"c8caddfe-df36-4807-adc6-f0e794ae9972","block_type":"box","text":"6","page_number":103,"box":{"x":791,"y":676,"width":8,"height":8}},{"id":"504f5d44-6ce9-4b04-bc3e-77f775ec8b15","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":681,"width":9,"height":0}},{"id":"65d9a0e9-c377-41c0-b024-f4a707b93271","block_type":"box","text":"EUR (220)","page_number":103,"box":{"x":118,"y":691,"width":77,"height":11}},{"id":"50721cca-c8bb-46b2-8b11-21ac9eed5b5a","block_type":"box","text":"Sold EUR, Bought AUD 363 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":691,"width":425,"height":11}},{"id":"076971b5-e166-464d-a679-0b2edf17033f","block_type":"box","text":"(1)","page_number":103,"box":{"x":781,"y":691,"width":19,"height":11}},{"id":"9526233a-683d-47c1-bbbf-c595cbba10fc","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":696,"width":9,"height":1}},{"id":"fa4c3aea-b9c8-4ac0-82dc-d0964bb271e9","block_type":"box","text":"EUR (332)","page_number":103,"box":{"x":118,"y":706,"width":77,"height":11}},{"id":"c7869046-e639-477f-8f7e-47b0154aa8d6","block_type":"box","text":"Sold EUR, Bought AUD 549 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":706,"width":425,"height":11}},{"id":"8e4d2a67-27a9-41cf-83ca-4df53066142d","block_type":"box","text":"–","page_number":103,"box":{"x":791,"y":711,"width":9,"height":1}},{"id":"0fef458e-f999-4117-ae82-86dd65a6267f","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":711,"width":9,"height":1}},{"id":"88b18f4c-7afa-4346-b741-46d840e90ab1","block_type":"box","text":"EUR (5,599)","page_number":103,"box":{"x":104,"y":721,"width":91,"height":12}},{"id":"683e90fb-36fd-4e9c-a1f8-ab1a941ff72f","block_type":"box","text":"Sold EUR, Bought CHF 5,149 for settlement on","page_number":103,"box":{"x":230,"y":721,"width":350,"height":12}},{"id":"3e7b92ae-e4e7-421d-a4ed-58ff18bce69c","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":736,"width":83,"height":9}},{"id":"5ec3218d-9ac4-486f-a00f-fe1036fb953d","block_type":"box","text":"6","page_number":103,"box":{"x":791,"y":736,"width":8,"height":9}},{"id":"27d6a451-07b4-4cca-8412-a9839123d767","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":741,"width":9,"height":1}},{"id":"761355d9-8588-477d-b671-4daf6f991fb9","block_type":"box","text":"EUR (5,671)","page_number":103,"box":{"x":104,"y":751,"width":91,"height":11}},{"id":"fe6332ec-464d-4914-b201-3f2417ac4c6b","block_type":"box","text":"Sold EUR, Bought GBP 4,858 for settlement on","page_number":103,"box":{"x":230,"y":751,"width":350,"height":11}},{"id":"70d2735c-4ac2-44eb-a9c7-34d3f94dd5b8","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":765,"width":83,"height":9}},{"id":"a62bb3a1-78fc-4585-b593-6e29084e56bc","block_type":"box","text":"(4)","page_number":103,"box":{"x":781,"y":765,"width":19,"height":12}},{"id":"aa8cce31-8e98-4ed2-bcf8-9244949b6c1e","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":771,"width":9,"height":0}},{"id":"b8fc6658-d1a0-4bbe-bde3-327e2f1d6ff5","block_type":"box","text":"EUR (3,547)","page_number":103,"box":{"x":104,"y":781,"width":91,"height":11}},{"id":"8a0fe69a-2703-400a-a789-cfeb8fb8af07","block_type":"box","text":"Sold EUR, Bought AUD 5,858 for settlement on","page_number":103,"box":{"x":230,"y":781,"width":350,"height":11}},{"id":"c7887322-318b-4da7-95b2-2687d32a298a","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":795,"width":83,"height":9}},{"id":"3eacef8c-e82b-4c70-ba3f-cfa207ac5663","block_type":"box","text":"1","page_number":103,"box":{"x":793,"y":795,"width":4,"height":9}},{"id":"b7bdd51b-adb8-430c-8e98-0a2dfda518ba","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":800,"width":9,"height":1}},{"id":"2362dbcb-0752-4471-a896-4f2b2862503a","block_type":"box","text":"EUR (5,341)","page_number":103,"box":{"x":104,"y":810,"width":91,"height":12}},{"id":"ba0b32fb-5c75-4021-9c4b-da3fb897c2a6","block_type":"box","text":"Sold EUR, Bought GBP 4,575 for settlement on","page_number":103,"box":{"x":230,"y":810,"width":350,"height":12}},{"id":"9e7661e4-8f3e-4420-b4d6-820823411eb8","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":825,"width":83,"height":8}},{"id":"12d8c411-d84f-4ed1-ae0e-108dc410144e","block_type":"box","text":"(4)","page_number":103,"box":{"x":781,"y":825,"width":19,"height":11}},{"id":"92fa336a-6284-46e3-8a68-d43069580a60","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":830,"width":9,"height":1}},{"id":"5a782012-3e57-4654-a3b7-98ded36bff0b","block_type":"box","text":"EUR (535,588)","page_number":103,"box":{"x":85,"y":840,"width":110,"height":11}},{"id":"fa7ae170-7c7c-46a7-bb69-9b912b6885a0","block_type":"box","text":"Sold EUR, Bought GBP 464,875 for settlement on","page_number":103,"box":{"x":230,"y":840,"width":375,"height":11}},{"id":"affe8368-c59e-4671-b9f3-f24b128d6f70","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":854,"width":83,"height":9}},{"id":"aba93db8-4557-4f4f-a31b-efa59f4fd2d2","block_type":"box","text":"5,827","page_number":103,"box":{"x":759,"y":854,"width":40,"height":11}},{"id":"125327f9-87f9-47c8-94db-031e316f254e","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":859,"width":9,"height":1}},{"id":"bd44422f-37e7-4b0a-bc91-127fbdc6369f","block_type":"box","text":"EUR (9,834)","page_number":103,"box":{"x":104,"y":869,"width":91,"height":12}},{"id":"56bc61f8-b5d7-4368-89a2-5c12274ea840","block_type":"box","text":"Sold EUR, Bought GBP 8,424 for settlement on","page_number":103,"box":{"x":230,"y":869,"width":356,"height":12}},{"id":"ccd8213c-cea7-42fb-bbc4-7727b648061d","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":884,"width":83,"height":9}},{"id":"58117971-923f-4209-9a80-4bec04549d8a","block_type":"box","text":"(8)","page_number":103,"box":{"x":781,"y":884,"width":19,"height":11}},{"id":"954fbc94-e4e5-46ae-a6b8-0d22d6fa56bb","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":889,"width":9,"height":1}},{"id":"b386fa07-c1aa-4eeb-be77-9026c9120970","block_type":"box","text":"EUR (982)","page_number":103,"box":{"x":118,"y":899,"width":77,"height":11}},{"id":"bd900a6a-34eb-4062-8332-c5837656f253","block_type":"box","text":"Sold EUR, Bought GBP 841 for settlement on 24/07/2026","page_number":103,"box":{"x":230,"y":899,"width":425,"height":11}},{"id":"059d6c3e-c34a-46bf-a0a8-8d3c05a94103","block_type":"box","text":"(1)","page_number":103,"box":{"x":781,"y":899,"width":19,"height":11}},{"id":"c09aa1fd-c262-4c6c-9f84-1a249fc52784","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":904,"width":9,"height":1}},{"id":"e99b24a3-7561-4d34-b1ab-91306d697962","block_type":"box","text":"EUR (1,401)","page_number":103,"box":{"x":104,"y":914,"width":91,"height":12}},{"id":"cc438652-a3c0-4e3a-b4b2-d3983e8102c9","block_type":"box","text":"Sold EUR, Bought GBP 1,200 for settlement on","page_number":103,"box":{"x":230,"y":914,"width":356,"height":12}},{"id":"7d6eff81-522c-4e4a-869a-ffa54dc53efc","block_type":"box","text":"24/07/2026","page_number":103,"box":{"x":229,"y":929,"width":83,"height":9}},{"id":"cde1280a-b362-4ccb-8784-6562ef8bd8df","block_type":"box","text":"(1)","page_number":103,"box":{"x":781,"y":929,"width":19,"height":11}},{"id":"d8892348-227c-477c-ac74-8497f094ce92","block_type":"box","text":"–","page_number":103,"box":{"x":948,"y":934,"width":9,"height":1}},{"id":"664b09a5-6814-4086-bfde-2bb84d4fa526","block_type":"box","text":"103","page_number":104,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"17220722-0d1d-472b-9642-7afe46e94da4","block_type":"box","text":"SARASIN Global Dividend","page_number":104,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"f9f0209d-04cb-490d-9852-b6bb663f447d","block_type":"box","text":"Portfolio Statement (continued)","page_number":104,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"9753976c-85d3-45bf-9e7a-bdaf5c751e8b","block_type":"box","text":"Holding","page_number":104,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"c984719d-c564-4d24-9c91-168543d6b6f8","block_type":"box","text":"Investment","page_number":104,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"f3fe9664-fc77-48bf-a4e9-eb3aa84721cf","block_type":"box","text":"Market","page_number":104,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"188392c9-8fec-4947-b44f-a916338f3bae","block_type":"box","text":"Value","page_number":104,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"a7c0f7a6-9e90-4240-9217-48b7bed0d1e0","block_type":"box","text":"£","page_number":104,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"6e5b594c-a6b1-469b-bdc6-8d340729d443","block_type":"box","text":"% of","page_number":104,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"8d6d8dd2-371d-4c9c-8209-363fa4942a35","block_type":"box","text":"Net Assets","page_number":104,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"d5350f44-b648-48e3-8e1b-e1b6316687f6","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":104,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"de9dd3c0-2a1f-4ffe-983e-57f421901513","block_type":"box","text":"USD 284,725","page_number":104,"box":{"x":96,"y":183,"width":99,"height":10}},{"id":"d36957f8-59b4-4bbc-bda4-5e18b3657888","block_type":"box","text":"Bought USD, Sold GBP 213,331 for settlement on","page_number":104,"box":{"x":230,"y":183,"width":375,"height":11}},{"id":"4cc693a5-55aa-48a3-9601-7850ddb25e90","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"b6b8d09f-dd8b-47fc-9838-e7985c571f69","block_type":"box","text":"(106)","page_number":104,"box":{"x":762,"y":197,"width":38,"height":11}},{"id":"20b8c4be-81d2-4e43-b69b-44ef44889ee4","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"21d58f9c-eed0-4868-89df-bf15906f0148","block_type":"box","text":"USD 38","page_number":104,"box":{"x":138,"y":212,"width":57,"height":9}},{"id":"a13af5eb-e398-4ec1-9e5d-eabaf7161dcb","block_type":"box","text":"Bought USD, Sold GBP 28 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":212,"width":416,"height":12}},{"id":"efde1ab0-89e9-4dac-9f66-0efd7117a2ce","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":218,"width":9,"height":0}},{"id":"1e2234bd-0bb9-4819-aaf0-4a73ee252691","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"7f399be9-75d4-4cb5-b708-839ffc66082b","block_type":"box","text":"USD 10,537","page_number":104,"box":{"x":105,"y":228,"width":90,"height":10}},{"id":"47e135d8-a742-4b31-b9fe-ec48b61a53fe","block_type":"box","text":"Bought USD, Sold GBP 7,895 for settlement on","page_number":104,"box":{"x":230,"y":228,"width":356,"height":11}},{"id":"052d725a-91a5-48e2-894f-daff02e2b8a5","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"1254ff3a-bf42-4b14-9b45-281019695ffd","block_type":"box","text":"(4)","page_number":104,"box":{"x":781,"y":242,"width":19,"height":11}},{"id":"92084111-f1ce-415c-99bd-baa44be52795","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"832a0562-55a5-4d44-86ea-e2620f34fd4e","block_type":"box","text":"JPY 2,306,529","page_number":104,"box":{"x":86,"y":257,"width":109,"height":11}},{"id":"77602509-fe28-4828-99c7-161091482e66","block_type":"box","text":"Bought JPY, Sold GBP 10,732 for settlement on","page_number":104,"box":{"x":230,"y":257,"width":359,"height":12}},{"id":"2e20a5cd-2c87-4586-bb84-3e50cc0b09dd","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":272,"width":83,"height":8}},{"id":"8d77b22e-980d-4951-aa93-d64ce5e2b1f0","block_type":"box","text":"(2)","page_number":104,"box":{"x":781,"y":272,"width":19,"height":11}},{"id":"ca663726-ec46-4905-9b58-60a998ad2a35","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":277,"width":9,"height":1}},{"id":"6be1db08-4f80-4cb4-b8de-109a5b527d00","block_type":"box","text":"JPY 85,364","page_number":104,"box":{"x":110,"y":287,"width":85,"height":10}},{"id":"9f936b37-4333-4478-96c7-7ff9b5f1e6cc","block_type":"box","text":"Bought JPY, Sold GBP 397 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":287,"width":419,"height":11}},{"id":"7a22552a-3797-441b-ae94-ed81b10baeec","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":292,"width":9,"height":1}},{"id":"fca577fc-fc46-4e96-b1d5-b5d269b72daf","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"e486fc72-3af6-427c-9c2a-5e2fa3ae852e","block_type":"box","text":"JPY 307","page_number":104,"box":{"x":133,"y":302,"width":62,"height":9}},{"id":"c845425a-c83d-4122-940d-3669b6bcd7d3","block_type":"box","text":"Bought JPY, Sold GBP 1 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":302,"width":400,"height":12}},{"id":"e3597d2e-b6c3-44b1-8288-0f68c02013c6","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":308,"width":9,"height":0}},{"id":"ca6b03f5-2570-4103-a695-8ea83b150525","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"eaf2836d-ca66-47c8-a658-ea615db035de","block_type":"box","text":"HKD 20","page_number":104,"box":{"x":138,"y":318,"width":57,"height":9}},{"id":"1a272af2-ccff-469c-b8c1-7aa93895f40e","block_type":"box","text":"Bought HKD, Sold GBP 2 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":318,"width":407,"height":11}},{"id":"d45111c4-d46e-42aa-9079-b7dfd367b5aa","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":323,"width":9,"height":1}},{"id":"5a514db9-d5d9-4e2b-8137-a01f89381fc4","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":323,"width":9,"height":1}},{"id":"eb7eb9a7-0c25-4a58-a386-dfaff84e4c6a","block_type":"box","text":"HKD 5,694","page_number":104,"box":{"x":115,"y":333,"width":80,"height":10}},{"id":"8c2ae5d2-96f8-497c-a302-a24de8bfe889","block_type":"box","text":"Bought HKD, Sold GBP 544 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":333,"width":425,"height":11}},{"id":"a613dd9d-7895-42fa-ae29-8a47f4579b5e","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":338,"width":9,"height":1}},{"id":"534deef6-81bb-41be-b68b-e0039487f0c6","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":338,"width":9,"height":1}},{"id":"02b289c1-02bb-4a85-85ed-c24068a3eac4","block_type":"box","text":"HKD 153,848","page_number":104,"box":{"x":96,"y":348,"width":99,"height":11}},{"id":"9ea3bf9f-2e98-47e3-9f72-a286a9072aec","block_type":"box","text":"Bought HKD, Sold GBP 14,707 for settlement on","page_number":104,"box":{"x":230,"y":348,"width":365,"height":12}},{"id":"acc11d63-1ffc-42e3-be0b-3fe70c36f370","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":363,"width":83,"height":9}},{"id":"1d2478df-3498-4502-9402-a604bdd3afd5","block_type":"box","text":"(1)","page_number":104,"box":{"x":781,"y":363,"width":19,"height":11}},{"id":"d16026a8-9472-4bfb-a581-a00dacf172e4","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"e80c8ffb-6796-4c18-8243-70b03ff7f208","block_type":"box","text":"EUR 118,721","page_number":104,"box":{"x":97,"y":378,"width":96,"height":10}},{"id":"60246078-046f-42f2-8631-d0b2b719344b","block_type":"box","text":"Bought EUR, Sold GBP 101,840 for settlement on","page_number":104,"box":{"x":230,"y":378,"width":375,"height":11}},{"id":"712f1db3-ff8c-4247-b6f8-9b9e78baf008","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":392,"width":83,"height":9}},{"id":"8f9b134c-46b8-4462-a5be-6798024ff179","block_type":"box","text":"(43)","page_number":104,"box":{"x":771,"y":392,"width":29,"height":12}},{"id":"919e9b95-e2c6-4168-b1b4-72d7ac46e730","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"f212948b-52bd-4ffd-a245-a04ceaec134f","block_type":"box","text":"AUD 1,492","page_number":104,"box":{"x":113,"y":408,"width":82,"height":10}},{"id":"059ace5a-fe85-4f64-aab8-164f4896218a","block_type":"box","text":"Bought AUD, Sold GBP 788 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":408,"width":424,"height":11}},{"id":"62cfec00-1d4a-4a16-aff8-a0c06a62679f","block_type":"box","text":"(14)","page_number":104,"box":{"x":771,"y":408,"width":29,"height":11}},{"id":"05286b67-98ad-45ef-aa35-d15358f5333a","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":413,"width":9,"height":1}},{"id":"7c6f0f6a-0b61-4aaa-b0ae-4d0015a1ca55","block_type":"box","text":"EUR 16","page_number":104,"box":{"x":138,"y":423,"width":57,"height":9}},{"id":"65919542-f353-4e36-8917-c64eb837f05c","block_type":"box","text":"Bought EUR, Sold GBP 14 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":423,"width":416,"height":11}},{"id":"9f3ca11e-a52f-48dc-8325-df4ea88fad0c","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":428,"width":9,"height":1}},{"id":"07750079-8405-4e5a-a39d-581a73aac24d","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":428,"width":9,"height":1}},{"id":"eb0bb0e8-bf7b-4cc0-95a1-3a8e90eeee77","block_type":"box","text":"HKD 14,879","page_number":104,"box":{"x":105,"y":438,"width":90,"height":11}},{"id":"cdee4d6c-96a9-446f-9fb8-6708db40c603","block_type":"box","text":"Bought HKD, Sold GBP 1,432 for settlement on","page_number":104,"box":{"x":230,"y":438,"width":356,"height":12}},{"id":"c70cf227-cd43-4d9c-b955-03bcd2555983","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":453,"width":83,"height":9}},{"id":"734079a4-8b9a-4f41-b386-67a44d5186cd","block_type":"box","text":"(11)","page_number":104,"box":{"x":773,"y":453,"width":27,"height":11}},{"id":"1c52938b-da6f-473c-9f7c-18d32417f9a0","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":458,"width":9,"height":1}},{"id":"7a5bde50-36e5-4d47-ba27-146b6843d458","block_type":"box","text":"HKD 27,982","page_number":104,"box":{"x":105,"y":468,"width":90,"height":10}},{"id":"7a566815-a60d-411c-b13d-bcfce89bdde7","block_type":"box","text":"Bought HKD, Sold GBP 2,702 for settlement on","page_number":104,"box":{"x":230,"y":468,"width":356,"height":11}},{"id":"8e3e3c25-f123-4e06-9317-f69d756a01c6","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":482,"width":83,"height":9}},{"id":"4cddd8b8-da65-41c2-89cf-1d35c4ab5d8a","block_type":"box","text":"(30)","page_number":104,"box":{"x":771,"y":482,"width":29,"height":11}},{"id":"5ec1f3af-9db5-4e41-92fe-ff11dfa3e944","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"a3478546-5b2e-4403-a42f-f2a4078cb77c","block_type":"box","text":"HKD 20,533","page_number":104,"box":{"x":105,"y":498,"width":90,"height":10}},{"id":"75adde96-94d5-4b63-bf43-899ccee3a39d","block_type":"box","text":"Bought HKD, Sold GBP 1,993 for settlement on","page_number":104,"box":{"x":230,"y":498,"width":356,"height":11}},{"id":"863980d3-627f-4b31-b0cd-ac0d01ff2813","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":512,"width":83,"height":9}},{"id":"eae55c8c-1a19-4fd0-a7d8-389f28efe18a","block_type":"box","text":"(32)","page_number":104,"box":{"x":771,"y":512,"width":29,"height":11}},{"id":"3f37a790-71dc-4630-9b3b-e79506365a7c","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":517,"width":9,"height":1}},{"id":"73f3dc9e-c72c-4a80-990e-8f061eede737","block_type":"box","text":"HKD 1","page_number":104,"box":{"x":148,"y":527,"width":45,"height":9}},{"id":"89c006d6-e41a-4995-aad7-de43fb513690","block_type":"box","text":"Bought HKD, Sold GBP – for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":527,"width":407,"height":11}},{"id":"2e6d486f-0697-408f-81fd-335189a4f9ed","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":532,"width":9,"height":1}},{"id":"329a25c5-d46b-443a-b81b-cd2648c0f8c1","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"15d9f9d3-2c44-4560-be7d-d171101be210","block_type":"box","text":"EUR 1,412","page_number":104,"box":{"x":115,"y":543,"width":80,"height":10}},{"id":"aeff73fe-ce0a-4fc1-9bcf-b64e3592dc13","block_type":"box","text":"Bought EUR, Sold GBP 1,215 for settlement on","page_number":104,"box":{"x":230,"y":543,"width":356,"height":11}},{"id":"0b5f799f-e613-463e-bfd8-2b0210edf4d1","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"12b03680-afd5-4ce0-bf7d-ebed8e255162","block_type":"box","text":"(4)","page_number":104,"box":{"x":781,"y":557,"width":19,"height":11}},{"id":"741929ef-e529-48f7-9e06-15f25effff5b","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"e938c81b-9629-437d-aa44-7cce8d57f57f","block_type":"box","text":"EUR 1","page_number":104,"box":{"x":148,"y":572,"width":45,"height":9}},{"id":"6ea96cba-20fe-4a38-b4d5-c884594a4798","block_type":"box","text":"Bought EUR, Sold GBP 1 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":572,"width":407,"height":11}},{"id":"41ea8eb8-1e23-4978-b6e1-c488e7175139","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":577,"width":9,"height":1}},{"id":"b2090a34-812d-4612-afbb-a0e79ed2d69b","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":577,"width":9,"height":1}},{"id":"2d50acd9-151f-411f-b888-9ea91f091f75","block_type":"box","text":"EUR 0","page_number":104,"box":{"x":148,"y":588,"width":47,"height":8}},{"id":"4d6ebc81-e723-4535-a8d3-37afaaaf7203","block_type":"box","text":"Bought EUR, Sold GBP – for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":588,"width":407,"height":11}},{"id":"38d35ae0-67a3-4182-9968-5cd6cd70d10a","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":593,"width":9,"height":1}},{"id":"cc68f500-f5de-44fa-9cf0-9a1e79b591a8","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":593,"width":9,"height":1}},{"id":"5ce68595-0cf7-45ca-b19c-1165da6ae979","block_type":"box","text":"EUR 13,044","page_number":104,"box":{"x":105,"y":603,"width":90,"height":10}},{"id":"f11a68bb-892a-4584-8484-b69afd58816a","block_type":"box","text":"Bought EUR, Sold GBP 11,252 for settlement on","page_number":104,"box":{"x":230,"y":603,"width":364,"height":11}},{"id":"afb3c8b1-7a98-4375-b342-ef00f279d4a2","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":617,"width":83,"height":9}},{"id":"95c68e32-f07d-47b1-884f-c2245bb0d27b","block_type":"box","text":"(72)","page_number":104,"box":{"x":771,"y":617,"width":29,"height":11}},{"id":"dbaac098-149b-413e-9753-e56711954217","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":622,"width":9,"height":1}},{"id":"6ad2d427-9975-4382-981c-64eb04699e95","block_type":"box","text":"EUR 1","page_number":104,"box":{"x":148,"y":633,"width":45,"height":8}},{"id":"5dbf6415-62d6-4020-ab81-421787fc9fce","block_type":"box","text":"Bought EUR, Sold GBP 1 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":633,"width":407,"height":11}},{"id":"5d306174-4141-4191-aad7-4eab22f0c0d9","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":638,"width":9,"height":1}},{"id":"fdc46dbe-25ce-4e9e-9eb3-a7955bdcbeee","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":638,"width":9,"height":1}},{"id":"84224a6d-a7ee-4c66-b04f-5d0e3a173d78","block_type":"box","text":"CHF 27,581","page_number":104,"box":{"x":106,"y":648,"width":87,"height":10}},{"id":"31a4bab8-3f6a-4590-81f5-2cf8c1856ce7","block_type":"box","text":"Bought CHF, Sold GBP 25,913 for settlement on","page_number":104,"box":{"x":230,"y":648,"width":363,"height":11}},{"id":"f39328ca-3af7-45ee-b1c6-cb5e41343b67","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":662,"width":83,"height":9}},{"id":"4976de0d-93c9-40fb-ab63-fbe664b0e292","block_type":"box","text":"(174)","page_number":104,"box":{"x":762,"y":662,"width":38,"height":11}},{"id":"efb28784-7a63-493c-99ca-11ca14bc9f8a","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":667,"width":9,"height":1}},{"id":"f72f8bb5-98bc-40f0-9707-9902cf0974d8","block_type":"box","text":"CHF 0","page_number":104,"box":{"x":148,"y":678,"width":47,"height":8}},{"id":"3ec5d1c4-3fef-4084-a2c5-cbbe0b3db4c4","block_type":"box","text":"Bought CHF, Sold GBP – for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":678,"width":404,"height":11}},{"id":"ae9e80e1-2966-4caa-9266-642f37af6968","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":683,"width":9,"height":1}},{"id":"1a657b7e-eb4a-48ad-9a36-588f39938fb4","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":683,"width":9,"height":1}},{"id":"97d02c96-2319-4a0a-9aa6-37a1c9d873d3","block_type":"box","text":"AUD 176","page_number":104,"box":{"x":127,"y":693,"width":68,"height":9}},{"id":"2b9a9616-6511-4481-a9ba-b64fa8f34e7d","block_type":"box","text":"Bought AUD, Sold GBP 92 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":693,"width":415,"height":11}},{"id":"36da196d-2d02-4527-aaff-d314633341f7","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":698,"width":9,"height":1}},{"id":"39c911c9-fdb0-498a-bd98-e9f48520ace4","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":698,"width":9,"height":1}},{"id":"8523c39c-9b12-4260-ac57-2af3c9b3bc47","block_type":"box","text":"AUD 0","page_number":104,"box":{"x":146,"y":708,"width":49,"height":9}},{"id":"8b0d4e13-182c-48e2-a3b5-28d5096b59eb","block_type":"box","text":"Bought AUD, Sold GBP – for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":708,"width":406,"height":12}},{"id":"f9f2ab60-8ebb-42f4-a8b3-52e11daf5c94","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":713,"width":9,"height":1}},{"id":"45589e05-f6b1-4662-8cfa-ffd755668070","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":713,"width":9,"height":1}},{"id":"fbbb9e0b-af55-414b-a67f-913700dce0b9","block_type":"box","text":"AUD 2,948","page_number":104,"box":{"x":113,"y":724,"width":82,"height":10}},{"id":"897db11d-11eb-4a21-87cd-fe9eeee2c3ac","block_type":"box","text":"Bought AUD, Sold GBP 1,540 for settlement on","page_number":104,"box":{"x":230,"y":724,"width":349,"height":11}},{"id":"511d2015-ddea-4674-88a9-6968f9343490","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":738,"width":83,"height":9}},{"id":"fa2c2f57-9cbd-40f2-b2f8-e1cd5a59cd1b","block_type":"box","text":"(10)","page_number":104,"box":{"x":771,"y":738,"width":29,"height":11}},{"id":"2da572b3-e584-48b2-8db3-d2a806487fbd","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":743,"width":9,"height":1}},{"id":"af0cc37a-bf1d-4a13-b206-5f7f60b04625","block_type":"box","text":"AUD 1,959","page_number":104,"box":{"x":113,"y":753,"width":82,"height":11}},{"id":"822e0e42-b224-4e63-bc6b-95658fb6455e","block_type":"box","text":"Bought AUD, Sold GBP 1,029 for settlement on","page_number":104,"box":{"x":230,"y":753,"width":349,"height":11}},{"id":"d676e42f-5c7b-49c5-a0c9-3557262c7de4","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":767,"width":83,"height":9}},{"id":"1fab9c13-17c2-4854-ac0c-cb9364548087","block_type":"box","text":"(11)","page_number":104,"box":{"x":773,"y":767,"width":27,"height":12}},{"id":"0caf7f8c-c001-4013-b92c-85ae6a4970c5","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":773,"width":9,"height":1}},{"id":"a42c1009-8948-4508-bc87-d3f48ecdc0f3","block_type":"box","text":"AUD 4,085","page_number":104,"box":{"x":113,"y":783,"width":82,"height":10}},{"id":"6c1d915a-e7c0-41e8-a289-640c4d51d498","block_type":"box","text":"Bought AUD, Sold GBP 2,158 for settlement on","page_number":104,"box":{"x":230,"y":783,"width":349,"height":11}},{"id":"fe7f3b49-77a6-42e1-99e8-0eab049d4481","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":797,"width":83,"height":9}},{"id":"8f2e7b14-facf-4b74-82ac-674fe8b5997a","block_type":"box","text":"(38)","page_number":104,"box":{"x":771,"y":797,"width":29,"height":11}},{"id":"8c47cdb0-b067-4988-8e13-5af2407d9760","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":802,"width":9,"height":1}},{"id":"07989b34-7e91-4e07-b555-bd226f394ee0","block_type":"box","text":"AUD 0","page_number":104,"box":{"x":146,"y":813,"width":49,"height":8}},{"id":"b7bc86f6-f8f1-476c-be71-bc12ba58421c","block_type":"box","text":"Bought AUD, Sold GBP – for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":812,"width":406,"height":12}},{"id":"aefb131a-1099-422b-81e7-8e31097323f7","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":818,"width":9,"height":1}},{"id":"caf23ff3-01c3-43cc-849a-c4f5d6d5f52b","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":818,"width":9,"height":1}},{"id":"bc3c5834-b5be-4553-8c8c-99f3012e56e4","block_type":"box","text":"USD 6,424","page_number":104,"box":{"x":115,"y":828,"width":80,"height":10}},{"id":"d21f3963-4293-4144-b85a-0436bc2dd36c","block_type":"box","text":"Bought USD, Sold GBP 4,804 for settlement on","page_number":104,"box":{"x":230,"y":828,"width":350,"height":11}},{"id":"b91d9460-219c-4bca-a7a5-c176b257f5af","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":842,"width":83,"height":9}},{"id":"468e1834-317e-4ce6-9d0f-dca3d1011915","block_type":"box","text":"5","page_number":104,"box":{"x":792,"y":842,"width":7,"height":9}},{"id":"e7bf7ef3-f340-4c78-a36d-f6be087af179","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":847,"width":9,"height":1}},{"id":"b57a508b-162e-4373-b261-1157b5e4e5e8","block_type":"box","text":"USD 550","page_number":104,"box":{"x":129,"y":858,"width":66,"height":8}},{"id":"63fe4d93-8d09-41fd-b75c-fd0c129badb5","block_type":"box","text":"Bought USD, Sold GBP 415 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":857,"width":425,"height":12}},{"id":"c4700303-4e69-47a9-964e-86cc234fdff1","block_type":"box","text":"(3)","page_number":104,"box":{"x":781,"y":857,"width":19,"height":12}},{"id":"0d3cc763-ad02-4c04-b76e-9b265f8b5fae","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":863,"width":9,"height":1}},{"id":"5e414b6b-a16c-4abf-9c64-3aa76115cbe8","block_type":"box","text":"USD 856","page_number":104,"box":{"x":129,"y":873,"width":66,"height":9}},{"id":"f3ba27d5-6a0f-4b7f-823e-1a547fadb1d4","block_type":"box","text":"Bought USD, Sold GBP 647 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":873,"width":425,"height":11}},{"id":"7cc15309-c2c3-434e-b3b2-fcb43ee41fb1","block_type":"box","text":"(7)","page_number":104,"box":{"x":781,"y":873,"width":19,"height":11}},{"id":"65a87aaa-e73d-44fa-8240-56a398b4e0fd","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":878,"width":9,"height":1}},{"id":"1712b647-050f-4b44-8134-9ebe01cc2c06","block_type":"box","text":"USD 52","page_number":104,"box":{"x":138,"y":888,"width":57,"height":9}},{"id":"47079778-ff0c-4163-8ebb-dddd81e136e7","block_type":"box","text":"Bought USD, Sold GBP 39 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":888,"width":416,"height":11}},{"id":"bafc78a6-980d-4561-b1fe-b7bee7636f6a","block_type":"box","text":"–","page_number":104,"box":{"x":791,"y":893,"width":9,"height":1}},{"id":"aaccd897-f469-448e-91f2-981364dce83a","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":893,"width":9,"height":1}},{"id":"7c8e7cfc-77a1-43c4-9124-586ac220421c","block_type":"box","text":"USD 5,684","page_number":104,"box":{"x":115,"y":904,"width":80,"height":10}},{"id":"f427235e-f15a-430f-ab2a-31b8329bc89a","block_type":"box","text":"Bought USD, Sold GBP 4,299 for settlement on","page_number":104,"box":{"x":230,"y":904,"width":356,"height":11}},{"id":"16f1ecd6-f376-4180-ac16-8995c015cf5e","block_type":"box","text":"24/07/2026","page_number":104,"box":{"x":229,"y":918,"width":83,"height":9}},{"id":"dc21c80e-732a-435d-989e-79123ed9538c","block_type":"box","text":"(44)","page_number":104,"box":{"x":771,"y":918,"width":29,"height":11}},{"id":"2cf72833-71bc-4f86-8fa1-3396a4aa8f3d","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":923,"width":9,"height":1}},{"id":"f114e285-8396-4f24-bcd5-e9593b144372","block_type":"box","text":"USD 565","page_number":104,"box":{"x":129,"y":933,"width":66,"height":9}},{"id":"5b9e0a54-d62c-41bb-b732-21816a649ac7","block_type":"box","text":"Bought USD, Sold GBP 428 for settlement on 24/07/2026","page_number":104,"box":{"x":230,"y":933,"width":425,"height":11}},{"id":"43773cef-923c-4c3c-bf58-116bbe8c0b39","block_type":"box","text":"(5)","page_number":104,"box":{"x":781,"y":933,"width":19,"height":11}},{"id":"a8bc7604-9caf-4965-a860-2b244d8e6ec7","block_type":"box","text":"–","page_number":104,"box":{"x":948,"y":938,"width":9,"height":1}},{"id":"6330f680-bbd3-42b3-be62-f6d7f8c3ba70","block_type":"box","text":"104","page_number":105,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"01b9ef47-eec3-47fd-9fe2-66b24dcf8a99","block_type":"box","text":"105","page_number":105,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"8e5aac30-f059-4411-9563-2100ee296698","block_type":"box","text":"SARASIN Global Dividend","page_number":105,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"9e6dba32-62b0-4020-b841-3f8905f29457","block_type":"box","text":"Portfolio Statement (continued)","page_number":105,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"a71397d3-5b65-48c7-8dd2-2f4172a6791d","block_type":"box","text":"Holding","page_number":105,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"e555c6ec-805d-4ee9-85af-14ff53496d4a","block_type":"box","text":"Investment","page_number":105,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"a897d401-87fa-43c9-bf09-8bab24cf5910","block_type":"box","text":"Market","page_number":105,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"a25d9e17-fa8f-453e-899e-413cb23f7ce2","block_type":"box","text":"Value","page_number":105,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"02cb6a19-b299-4457-9692-9fb0cfefd4a1","block_type":"box","text":"£","page_number":105,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"b3780492-d756-4a30-8e8a-2001a21fc01d","block_type":"box","text":"% of","page_number":105,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"a8323a57-b815-486f-a85d-d0c775c241fc","block_type":"box","text":"Net Assets","page_number":105,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"be01f9f1-aa72-4e4e-88be-3655a34e179c","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":105,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"ed0be857-0d1f-4aab-81a8-79a5504a5854","block_type":"box","text":"USD 1,032","page_number":105,"box":{"x":115,"y":183,"width":80,"height":10}},{"id":"fde1003d-86af-40df-be54-891aedfa41b4","block_type":"box","text":"Bought USD, Sold GBP 784 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":183,"width":425,"height":11}},{"id":"9d707d57-99c8-4f09-8e08-6f387204ce87","block_type":"box","text":"(11)","page_number":105,"box":{"x":773,"y":183,"width":27,"height":11}},{"id":"5e6de816-861f-460e-958e-05d63958d7a9","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"1e56a69f-6754-4371-a723-366befe23a7c","block_type":"box","text":"USD 4,027","page_number":105,"box":{"x":115,"y":198,"width":80,"height":11}},{"id":"dc27e4d0-5aa3-4d71-af8d-afc2c80d78e7","block_type":"box","text":"Bought USD, Sold GBP 3,048 for settlement on","page_number":105,"box":{"x":230,"y":198,"width":356,"height":11}},{"id":"dc3696ea-f911-4375-92c2-a7c45e9f67a8","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"4053c5e7-7042-4ce0-89c5-6f1fe6823777","block_type":"box","text":"(34)","page_number":105,"box":{"x":771,"y":212,"width":29,"height":12}},{"id":"c5bc3c0a-eea4-4167-ba6f-374b3cdf4531","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"906b4766-8708-4dc9-a044-2112ce54fec4","block_type":"box","text":"USD 16","page_number":105,"box":{"x":138,"y":228,"width":57,"height":9}},{"id":"ad147186-e6be-43e8-949b-95237e413abd","block_type":"box","text":"Bought USD, Sold GBP 12 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":228,"width":416,"height":11}},{"id":"eccd7b2b-758c-4f7d-b892-1e0c083fe12f","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"aaa8b579-dd7a-4e18-a682-8851e2211b2f","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"767548db-9930-4fe9-8cdf-0570c3f0fa7f","block_type":"box","text":"EUR 4,394","page_number":105,"box":{"x":115,"y":243,"width":80,"height":11}},{"id":"8d7c22c6-9f94-4b51-aa28-7bfd634707cf","block_type":"box","text":"Bought EUR, Sold GBP 3,769 for settlement on","page_number":105,"box":{"x":230,"y":243,"width":356,"height":11}},{"id":"1eb3501c-9ba8-4032-b35e-79044e85ceee","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":257,"width":83,"height":9}},{"id":"5c9d9c19-5607-44aa-8c06-855e44ee295e","block_type":"box","text":"(2)","page_number":105,"box":{"x":781,"y":257,"width":19,"height":12}},{"id":"0dc4aa42-9a69-4d65-8c2a-6241b589cfca","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"a3db6b24-d00b-4509-89e4-0c0347a40bbe","block_type":"box","text":"JPY 52,244","page_number":105,"box":{"x":110,"y":273,"width":85,"height":10}},{"id":"d5d7ac32-5c08-4723-8cb7-b364fcac821c","block_type":"box","text":"Bought JPY, Sold GBP 243 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":273,"width":419,"height":11}},{"id":"854b1496-09c1-4ea5-8ed7-f2077e8145a5","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":278,"width":9,"height":1}},{"id":"998c43c2-4a14-4272-bfa3-4ab7f102fdb6","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"d4303b76-2ecd-464a-837a-62b1544ece49","block_type":"box","text":"JPY 4,577","page_number":105,"box":{"x":119,"y":288,"width":76,"height":10}},{"id":"766ef8cc-1e83-4566-a74d-e3915efeb3bf","block_type":"box","text":"Bought JPY, Sold GBP 21 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":288,"width":409,"height":11}},{"id":"0961447e-de60-41bb-bfbc-2db7d2af95b2","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":293,"width":9,"height":1}},{"id":"d5afaf8d-519c-40fd-a9a6-db01480b2365","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"8b891331-b540-4cb6-b102-116fa27745d1","block_type":"box","text":"HKD 1","page_number":105,"box":{"x":148,"y":304,"width":45,"height":8}},{"id":"03cf5e21-6f17-4011-beff-7d99ae151b25","block_type":"box","text":"Bought HKD, Sold GBP – for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":303,"width":407,"height":12}},{"id":"76a22ee0-1626-45e6-b3ea-292db5e2b70b","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":309,"width":9,"height":1}},{"id":"f6e65f4b-e6b8-4c8d-b923-12a04cd450cc","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":309,"width":9,"height":1}},{"id":"56ad0788-730d-4273-94a6-459d308524a9","block_type":"box","text":"HKD 1,815","page_number":105,"box":{"x":115,"y":319,"width":80,"height":10}},{"id":"53ec7d1e-b811-40b1-9e85-4425d0c70898","block_type":"box","text":"Bought HKD, Sold GBP 175 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":319,"width":425,"height":11}},{"id":"91d29b20-85bd-4bbe-a064-464b6d63fae7","block_type":"box","text":"(1)","page_number":105,"box":{"x":781,"y":319,"width":19,"height":11}},{"id":"07ccc267-8c37-4b75-bfbd-f839e81fd5d3","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":324,"width":9,"height":1}},{"id":"4ee4f3d1-4ccc-4094-a758-0c0fba29d376","block_type":"box","text":"JPY 13","page_number":105,"box":{"x":142,"y":334,"width":53,"height":9}},{"id":"e97044e4-d7ed-4007-9f7f-4003cfeadaf4","block_type":"box","text":"Bought JPY, Sold GBP – for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":334,"width":400,"height":11}},{"id":"c9b533fe-8566-4d5e-a402-bc435e8ef62c","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":339,"width":9,"height":1}},{"id":"9c9e90d9-5037-4c84-a94d-41de072cf160","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":339,"width":9,"height":1}},{"id":"db5908f0-0c1e-40a7-b42e-6f1986ff8070","block_type":"box","text":"JPY 286,729","page_number":105,"box":{"x":100,"y":350,"width":95,"height":10}},{"id":"2b9e9b7a-920f-40ed-bf29-8ccf51ad822f","block_type":"box","text":"Bought JPY, Sold GBP 1,349 for settlement on","page_number":105,"box":{"x":230,"y":349,"width":349,"height":12}},{"id":"8394bb8b-a1df-40ac-b857-51228f75e823","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":364,"width":83,"height":9}},{"id":"35a6ecb5-7659-4246-9843-a8f7cdcf911c","block_type":"box","text":"(17)","page_number":105,"box":{"x":771,"y":364,"width":29,"height":11}},{"id":"ec7be22d-6630-426d-8fb5-3989d4b5ee1f","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":369,"width":9,"height":1}},{"id":"ea6d6123-74c5-4a77-9c57-bd1b5c6c7da4","block_type":"box","text":"HKD 75,946","page_number":105,"box":{"x":105,"y":379,"width":90,"height":11}},{"id":"d8e596ab-a2cd-4e22-aa97-ce4c05c7c31c","block_type":"box","text":"Bought HKD, Sold GBP 7,351 for settlement on","page_number":105,"box":{"x":230,"y":379,"width":356,"height":11}},{"id":"c0c8df6d-8802-4177-956f-ee9376f0f0b6","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":393,"width":83,"height":9}},{"id":"701c050f-0fe5-4968-b59e-a7f22140d9a9","block_type":"box","text":"(99)","page_number":105,"box":{"x":771,"y":393,"width":29,"height":12}},{"id":"e7f5bd7f-cb42-4ab4-a523-db0065ec9a8b","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":399,"width":9,"height":0}},{"id":"8a37ec5e-ff83-4852-83fd-580a2e7961b5","block_type":"box","text":"HKD 748,228","page_number":105,"box":{"x":96,"y":409,"width":99,"height":10}},{"id":"7484770d-41b5-44db-8ea0-ac9a856664ce","block_type":"box","text":"Bought HKD, Sold GBP 72,616 for settlement on","page_number":105,"box":{"x":230,"y":409,"width":365,"height":11}},{"id":"c31cf1e7-c581-4898-8dcb-ae67e82a691f","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":423,"width":83,"height":9}},{"id":"571e6166-dc0e-4457-81e4-9ec8fa9746d1","block_type":"box","text":"(1,165)","page_number":105,"box":{"x":748,"y":423,"width":52,"height":11}},{"id":"0502085c-6cd9-4d89-a450-cb052d1f6c26","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":428,"width":9,"height":1}},{"id":"cb0014e8-262d-4970-bc02-2ebf2163fd17","block_type":"box","text":"EUR 36,604","page_number":105,"box":{"x":105,"y":438,"width":90,"height":11}},{"id":"d56ff504-e7e5-4c92-b97e-b26cc636af96","block_type":"box","text":"Bought EUR, Sold GBP 31,368 for settlement on","page_number":105,"box":{"x":230,"y":438,"width":365,"height":12}},{"id":"0f7cafb2-cb23-4e76-97e7-607bdb39e603","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":453,"width":83,"height":9}},{"id":"42ed94cd-de62-4b37-baa3-989234d7559a","block_type":"box","text":"5","page_number":105,"box":{"x":792,"y":453,"width":7,"height":9}},{"id":"b6154810-0d11-4537-8378-acd940368426","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":458,"width":9,"height":1}},{"id":"8fdf7950-0e53-442e-8c3d-71150cb30066","block_type":"box","text":"EUR 79,878","page_number":105,"box":{"x":105,"y":468,"width":90,"height":10}},{"id":"dc6cf1e9-2427-43c7-9142-e2d020bc7dfe","block_type":"box","text":"Bought EUR, Sold GBP 68,943 for settlement on","page_number":105,"box":{"x":230,"y":468,"width":365,"height":11}},{"id":"9a696e57-7784-44c6-a69f-606450ead26e","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":482,"width":83,"height":9}},{"id":"0d661a8b-4895-4c60-a92c-29ec47ef0978","block_type":"box","text":"(480)","page_number":105,"box":{"x":762,"y":482,"width":38,"height":11}},{"id":"8ea5d5cd-f844-470b-9f48-20c673a8fb38","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"387d6542-ba81-4a29-8f13-af2ef4ac1485","block_type":"box","text":"EUR 870","page_number":105,"box":{"x":129,"y":498,"width":66,"height":8}},{"id":"af53d35e-88d7-45f1-b9ef-206de7ba8fa1","block_type":"box","text":"Bought EUR, Sold GBP 753 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":498,"width":425,"height":11}},{"id":"d00dfdb9-b29d-4d68-a05c-8ff54961fed3","block_type":"box","text":"(7)","page_number":105,"box":{"x":781,"y":498,"width":19,"height":11}},{"id":"047e2df4-426e-4aa6-ae8b-1a7d215a8338","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"854052f1-5873-4be7-8fe6-d69ad333faf6","block_type":"box","text":"EUR 474,683","page_number":105,"box":{"x":96,"y":513,"width":99,"height":10}},{"id":"65d430c0-57db-4f46-97c9-e17d9e3a1659","block_type":"box","text":"Bought EUR, Sold GBP 409,472 for settlement on","page_number":105,"box":{"x":230,"y":513,"width":375,"height":11}},{"id":"0342a032-887d-4b1f-b250-3e1ec7735f68","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"20039e5b-2d0e-49f9-8369-7b812ae0b867","block_type":"box","text":"(2,625)","page_number":105,"box":{"x":748,"y":527,"width":52,"height":11}},{"id":"e22ad6fd-46e7-43b5-bea0-a5219c1da956","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"ae36bdab-742f-4073-8a8c-8513279d5034","block_type":"box","text":"EUR 56,028","page_number":105,"box":{"x":105,"y":543,"width":90,"height":10}},{"id":"9d3b2171-5772-4224-9e6c-ae16b0061615","block_type":"box","text":"Bought EUR, Sold GBP 48,337 for settlement on","page_number":105,"box":{"x":230,"y":543,"width":365,"height":11}},{"id":"b28ed95f-642e-4bb0-a62a-c965c6e659d9","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"f8fc05fe-54cc-4c15-abec-28781e280be3","block_type":"box","text":"(315)","page_number":105,"box":{"x":762,"y":557,"width":38,"height":11}},{"id":"69d83d1f-a115-4fbc-b864-e4a186bf1517","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"8e2a3a94-ecd4-42bb-a555-3e75f5c99603","block_type":"box","text":"CHF 1,008,752","page_number":105,"box":{"x":83,"y":572,"width":112,"height":11}},{"id":"8e481cb6-431d-4f11-bfca-a615141b4964","block_type":"box","text":"Bought CHF, Sold GBP 947,749 for settlement on","page_number":105,"box":{"x":230,"y":572,"width":372,"height":11}},{"id":"2dc0e741-1dce-4997-83ab-3c47c920c52c","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":586,"width":83,"height":9}},{"id":"c57521c7-228d-47a1-b06d-0537befe038f","block_type":"box","text":"(6,360)","page_number":105,"box":{"x":748,"y":586,"width":52,"height":12}},{"id":"f785d26f-ca4c-4f2d-80bc-cb677912d5af","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":592,"width":9,"height":1}},{"id":"1ddf6625-9ed4-4598-a365-6dd1ea116069","block_type":"box","text":"AUD 4,512","page_number":105,"box":{"x":113,"y":602,"width":82,"height":10}},{"id":"a51739fb-397e-45c9-9f70-2adbc6c2a198","block_type":"box","text":"Bought AUD, Sold GBP 2,341 for settlement on","page_number":105,"box":{"x":230,"y":602,"width":355,"height":11}},{"id":"a92befcb-9264-4532-a1f3-9cd3c56b6e58","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":616,"width":83,"height":9}},{"id":"71deab1b-0ce2-41ea-9426-866c7ab0fc2f","block_type":"box","text":"1","page_number":105,"box":{"x":793,"y":616,"width":4,"height":9}},{"id":"53e2d20a-adf9-428a-9f5a-c80220cf8d6e","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":621,"width":9,"height":1}},{"id":"3152b795-2e51-451f-aee7-1afd156bcecd","block_type":"box","text":"AUD 9,863","page_number":105,"box":{"x":113,"y":632,"width":82,"height":10}},{"id":"529a1b47-ab66-4c67-8885-8ecd06a13c60","block_type":"box","text":"Bought AUD, Sold GBP 5,143 for settlement on","page_number":105,"box":{"x":230,"y":631,"width":355,"height":12}},{"id":"e65daef6-ecc5-463e-a42c-6fe78d603fbc","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":646,"width":83,"height":9}},{"id":"314f7d61-5bee-4df2-acec-250bd9f38a5a","block_type":"box","text":"(23)","page_number":105,"box":{"x":771,"y":646,"width":29,"height":11}},{"id":"57c15c89-18cd-4dc6-9a49-99cbc55740bd","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":651,"width":9,"height":1}},{"id":"9de5396c-a133-4b57-bbab-341b0685c19e","block_type":"box","text":"AUD 107,466","page_number":105,"box":{"x":95,"y":661,"width":100,"height":10}},{"id":"d8bcf5c2-2527-4cbc-a48a-fcd427477f1a","block_type":"box","text":"Bought AUD, Sold GBP 56,142 for settlement on","page_number":105,"box":{"x":230,"y":661,"width":365,"height":11}},{"id":"81780b4a-f7f8-4e44-8111-7e7de8aca68e","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":675,"width":83,"height":9}},{"id":"ba31a8e1-4c20-4ecd-8c98-614a5c772939","block_type":"box","text":"(356)","page_number":105,"box":{"x":762,"y":675,"width":38,"height":12}},{"id":"ab74a834-4753-4edf-8171-15502379bd81","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":681,"width":9,"height":0}},{"id":"cae8f236-4eac-43b1-8afe-3a66c4460dd7","block_type":"box","text":"AUD 110","page_number":105,"box":{"x":129,"y":691,"width":66,"height":9}},{"id":"8ebee12f-b8cc-474c-9bb5-a09b5d69d222","block_type":"box","text":"Bought AUD, Sold GBP 57 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":691,"width":415,"height":11}},{"id":"5d9ffe38-8244-411a-9733-aecc95faca7e","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":696,"width":9,"height":1}},{"id":"60a21be0-cfd9-407d-8372-c7dbcf46e1aa","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":696,"width":9,"height":1}},{"id":"9dcdf15b-0b19-4cfc-b9f5-81ba4a334d5a","block_type":"box","text":"AUD 7,071","page_number":105,"box":{"x":113,"y":706,"width":80,"height":10}},{"id":"d0b252fd-fbd3-460d-98ca-f8a290f6472a","block_type":"box","text":"Bought AUD, Sold GBP 3,696 for settlement on","page_number":105,"box":{"x":230,"y":706,"width":349,"height":11}},{"id":"28197171-fbb3-4454-bf91-3d6051b09b48","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":720,"width":83,"height":9}},{"id":"56b03c96-649e-4815-88f6-5022277d6141","block_type":"box","text":"(25)","page_number":105,"box":{"x":771,"y":720,"width":29,"height":12}},{"id":"82356043-14ad-45b2-b05b-4b10eb17f36a","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":726,"width":9,"height":0}},{"id":"41a5985e-2c0b-42cb-99fc-f413c788a104","block_type":"box","text":"AUD 71,610","page_number":105,"box":{"x":104,"y":736,"width":91,"height":10}},{"id":"6b130d1c-3178-4df4-aea3-579969182a37","block_type":"box","text":"Bought AUD, Sold GBP 37,592 for settlement on","page_number":105,"box":{"x":230,"y":736,"width":359,"height":11}},{"id":"171d668f-5ce3-4e32-9354-da3cd8054a86","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":750,"width":83,"height":9}},{"id":"56278079-eb8d-48a1-bf8f-26c659e310ff","block_type":"box","text":"(419)","page_number":105,"box":{"x":762,"y":750,"width":38,"height":11}},{"id":"464ab476-dab0-4b12-96c7-77c7a0a43bcc","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":755,"width":9,"height":1}},{"id":"c8079703-35a8-41e0-b7e8-8fc55329aa3c","block_type":"box","text":"JPY 7,074","page_number":105,"box":{"x":119,"y":765,"width":76,"height":11}},{"id":"0831d70f-0d6d-4dd6-9d3e-6c96059c9b47","block_type":"box","text":"Bought JPY, Sold GBP 33 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":765,"width":409,"height":12}},{"id":"4b595af7-be1d-40c6-807c-d3b79b0857d8","block_type":"box","text":"–","page_number":105,"box":{"x":791,"y":771,"width":9,"height":0}},{"id":"6b6bdc3d-924d-425f-881f-01f566a1fa51","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":771,"width":9,"height":0}},{"id":"cc663128-043a-4c0f-a075-3d5d7a3bb3d7","block_type":"box","text":"AUD 149,254","page_number":105,"box":{"x":95,"y":781,"width":100,"height":10}},{"id":"9c7a78b4-1fa9-4ba6-8b47-52341f517036","block_type":"box","text":"Bought AUD, Sold GBP 78,851 for settlement on","page_number":105,"box":{"x":230,"y":781,"width":359,"height":11}},{"id":"ff03fcc9-a02b-42fe-aba7-ea00c7e6c376","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":795,"width":83,"height":9}},{"id":"2510cdb4-de6f-47ce-b656-73586ae95f96","block_type":"box","text":"(1,373)","page_number":105,"box":{"x":748,"y":795,"width":52,"height":11}},{"id":"8d45ed3d-0049-464d-acbe-54c275c4fa03","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":800,"width":9,"height":1}},{"id":"e552b39f-4059-4e09-be63-e5996bb224e6","block_type":"box","text":"HKD 1,322","page_number":105,"box":{"x":115,"y":810,"width":80,"height":11}},{"id":"c76fd1e4-4722-4399-b445-abffe2b48338","block_type":"box","text":"Bought HKD, Sold GBP 127 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":810,"width":425,"height":12}},{"id":"0a80e0be-8139-44eb-9eb5-fa63406982c8","block_type":"box","text":"(1)","page_number":105,"box":{"x":781,"y":810,"width":19,"height":12}},{"id":"8256e93b-eab7-4be3-a9f5-ee9be4126396","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":815,"width":9,"height":1}},{"id":"bf9932fd-d02a-49d6-bef9-396b16b8d19c","block_type":"box","text":"HKD 2,482","page_number":105,"box":{"x":115,"y":826,"width":80,"height":10}},{"id":"91dbfbdd-d14a-4e12-b984-7e2cee092eab","block_type":"box","text":"Bought HKD, Sold GBP 240 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":826,"width":425,"height":11}},{"id":"92313852-b9b6-41e2-802d-94425199fabd","block_type":"box","text":"(3)","page_number":105,"box":{"x":781,"y":826,"width":19,"height":11}},{"id":"debcb947-927f-4a81-a324-a3778ac57c69","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":831,"width":9,"height":1}},{"id":"5fbf2b23-70f3-4228-a3b7-9db65db9e5bc","block_type":"box","text":"HKD 1,825","page_number":105,"box":{"x":115,"y":841,"width":80,"height":10}},{"id":"f01540ee-f678-40a1-a084-f64da3717eb8","block_type":"box","text":"Bought HKD, Sold GBP 177 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":841,"width":425,"height":11}},{"id":"c58e610e-a934-4699-b5d5-11a6d2148fb3","block_type":"box","text":"(3)","page_number":105,"box":{"x":781,"y":841,"width":19,"height":11}},{"id":"f967f69a-9104-453e-b69d-03910cd1e45c","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":846,"width":9,"height":1}},{"id":"41d25ee7-005e-4608-8ca5-370e60063eb2","block_type":"box","text":"EUR 1,161","page_number":105,"box":{"x":115,"y":856,"width":78,"height":11}},{"id":"20e76ca5-44ae-4b4e-bff4-617b9f0ff633","block_type":"box","text":"Bought EUR, Sold GBP 1,002 for settlement on","page_number":105,"box":{"x":230,"y":856,"width":356,"height":12}},{"id":"c0091d87-9cba-4924-a96e-7662b423b467","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":871,"width":83,"height":9}},{"id":"6c5ac3eb-b2a8-475b-a65c-751ff7e3809d","block_type":"box","text":"(6)","page_number":105,"box":{"x":781,"y":871,"width":19,"height":11}},{"id":"e5fa6814-84f8-4ee6-bf31-41a2a2d1087c","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":876,"width":9,"height":1}},{"id":"5e0ef135-c1c0-40db-9fce-0deb5c7bfedc","block_type":"box","text":"CHF 2,445","page_number":105,"box":{"x":115,"y":886,"width":80,"height":10}},{"id":"55cc3fd5-a52d-4084-a9fd-ec91b22de6eb","block_type":"box","text":"Bought CHF, Sold GBP 2,297 for settlement on","page_number":105,"box":{"x":230,"y":886,"width":353,"height":11}},{"id":"c3ece5fc-6240-401d-9102-288b6d38b374","block_type":"box","text":"24/07/2026","page_number":105,"box":{"x":229,"y":900,"width":83,"height":9}},{"id":"476b5956-b3e6-43a2-ae87-b7afc9927adc","block_type":"box","text":"(15)","page_number":105,"box":{"x":771,"y":900,"width":29,"height":11}},{"id":"999fcdd2-ae5b-41f4-8fb6-934a77ad320c","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":905,"width":9,"height":1}},{"id":"c4a114a3-c08d-491a-b781-fb5d1f332e31","block_type":"box","text":"AUD 262","page_number":105,"box":{"x":127,"y":916,"width":68,"height":8}},{"id":"0854ad33-7f95-4b72-b2d8-51dfe5044c8f","block_type":"box","text":"Bought AUD, Sold GBP 137 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":916,"width":424,"height":11}},{"id":"09faa5d0-88b3-40f8-9400-3564e3573d17","block_type":"box","text":"(1)","page_number":105,"box":{"x":781,"y":916,"width":19,"height":11}},{"id":"5289791b-3ca7-454d-9801-ee14e05b9774","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":921,"width":9,"height":1}},{"id":"0f1de8e6-0a24-40fc-ae4a-a67938fab04a","block_type":"box","text":"AUD 174","page_number":105,"box":{"x":127,"y":931,"width":68,"height":9}},{"id":"28242952-08ce-4a8e-ad0a-0863d381a20b","block_type":"box","text":"Bought AUD, Sold GBP 91 for settlement on 24/07/2026","page_number":105,"box":{"x":230,"y":931,"width":415,"height":11}},{"id":"a6e9edc4-48da-485c-907f-8584d99870ed","block_type":"box","text":"(1)","page_number":105,"box":{"x":781,"y":931,"width":19,"height":11}},{"id":"8560e19e-d93c-4df5-a307-b51d785b5428","block_type":"box","text":"–","page_number":105,"box":{"x":948,"y":936,"width":9,"height":1}},{"id":"409d6acd-a987-4e1e-9bb3-984c6568adbb","block_type":"box","text":"105","page_number":106,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"bf073900-3c09-4e16-8a07-7d2494fcd64f","block_type":"box","text":"SARASIN Global Dividend","page_number":106,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"63b69e52-7fcf-4dd8-b22a-7c4ecaf7d07b","block_type":"box","text":"Portfolio Statement (continued)","page_number":106,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"b3066ff5-1fa3-43d4-833d-78bd60d75905","block_type":"box","text":"Holding","page_number":106,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"1ad2cd4b-3c7d-4991-b4d0-c2823cdef6c2","block_type":"box","text":"Investment","page_number":106,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"7713b601-5237-4329-aa9e-7e943415e342","block_type":"box","text":"Market","page_number":106,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"03d4efa0-57d4-4625-bc1f-900c3d18ca93","block_type":"box","text":"Value","page_number":106,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"1b26fd7c-466f-4e78-a1c9-dbde7222df93","block_type":"box","text":"£","page_number":106,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"05f8e36d-7511-48c1-ae42-b64f0d0e857f","block_type":"box","text":"% of","page_number":106,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"4a7a3481-2899-4bc8-8567-61df31419f79","block_type":"box","text":"Net Assets","page_number":106,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"2e02e3a8-66f7-4024-bd2b-af5c53f4fb6a","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":106,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"682e4579-8ba7-43af-b801-c4806ecbd6e3","block_type":"box","text":"AUD 362","page_number":106,"box":{"x":127,"y":183,"width":68,"height":9}},{"id":"42465e37-d94e-46e3-b431-fc31c0d27c12","block_type":"box","text":"Bought AUD, Sold GBP 191 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":183,"width":424,"height":11}},{"id":"7fa24959-780d-4a36-88b7-c0e9a61d5958","block_type":"box","text":"(3)","page_number":106,"box":{"x":781,"y":183,"width":19,"height":11}},{"id":"4bab0bdf-8b19-41b0-ba2e-815d48adb7be","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"81c850fb-db2e-41c7-95d4-5aff0ab92f3c","block_type":"box","text":"USD 3,352","page_number":106,"box":{"x":115,"y":198,"width":80,"height":11}},{"id":"3ddc68d8-0c34-4dd2-b60c-f65fa415797b","block_type":"box","text":"Bought USD, Sold GBP 2,527 for settlement on","page_number":106,"box":{"x":230,"y":198,"width":356,"height":11}},{"id":"dd307d7e-18f0-48c0-afb5-b19276a66bc8","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"509753c8-bb53-45a1-9524-a5461615bcc6","block_type":"box","text":"(18)","page_number":106,"box":{"x":771,"y":212,"width":29,"height":12}},{"id":"b5b8d0e9-a866-4dcd-a1be-61d2944de535","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"677ba04e-8a64-41bf-911c-5c8895e1e0d8","block_type":"box","text":"USD 2","page_number":106,"box":{"x":148,"y":228,"width":47,"height":9}},{"id":"0012a608-05c8-4f7e-bc8c-5a726a584837","block_type":"box","text":"Bought USD, Sold GBP 1 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":228,"width":407,"height":11}},{"id":"79e8c157-b956-4fcd-9ce9-b8504cc07b52","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":233,"width":9,"height":1}},{"id":"58ec7eeb-fc5e-4980-b9ce-367dfb8b9d9d","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"cf4b1df8-0d51-4e70-8adb-fbf851c73834","block_type":"box","text":"USD 0","page_number":106,"box":{"x":148,"y":243,"width":47,"height":9}},{"id":"35b74c30-9b9e-470d-96ed-39de9e48d533","block_type":"box","text":"Bought USD, Sold GBP – for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":243,"width":407,"height":11}},{"id":"6e8d88a6-63ff-411c-9602-373843840602","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":248,"width":9,"height":1}},{"id":"8e1a3628-ceec-4314-9e07-2a98ea0f86f8","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"1c390f70-1513-47db-be34-1940d36d23c2","block_type":"box","text":"USD 2","page_number":106,"box":{"x":148,"y":258,"width":47,"height":9}},{"id":"cf76522b-1f6e-49b2-bbe0-5bd7ae26c33f","block_type":"box","text":"Bought USD, Sold GBP 1 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":258,"width":407,"height":12}},{"id":"961510cb-174a-4fe9-9992-d0a44aaff76b","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":264,"width":9,"height":1}},{"id":"ddad358d-9459-497c-8097-8e91882c2b9f","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":264,"width":9,"height":1}},{"id":"a3768b89-861e-4c55-9636-cfe533ca3af5","block_type":"box","text":"JPY 27,878","page_number":106,"box":{"x":110,"y":274,"width":85,"height":10}},{"id":"b6096d1b-81df-43ec-922c-993a77d63625","block_type":"box","text":"Bought JPY, Sold GBP 130 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":274,"width":419,"height":11}},{"id":"e36a7411-2235-45f9-acaa-66a48b6e93f9","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":279,"width":9,"height":1}},{"id":"3d71dbc5-b51c-4fc0-b6da-09277af3e822","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":279,"width":9,"height":1}},{"id":"3e7015cc-8f45-43ca-883c-ddbd7712cd31","block_type":"box","text":"JPY 15","page_number":106,"box":{"x":142,"y":289,"width":53,"height":9}},{"id":"046e0b10-4f33-471f-a65c-f9a53ff168a0","block_type":"box","text":"Bought JPY, Sold GBP – for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":289,"width":400,"height":11}},{"id":"6afee702-d569-4aa1-af58-28bd95d4e6a4","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":294,"width":9,"height":1}},{"id":"cadc8fd2-ef41-4c1e-9574-eaace6a944d7","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":294,"width":9,"height":1}},{"id":"da9a3708-d680-48d9-b6a0-86c8d97c48ed","block_type":"box","text":"JPY 25,474","page_number":106,"box":{"x":110,"y":305,"width":85,"height":10}},{"id":"84cb6ed5-bb81-4a45-9b1c-466ee38e48b8","block_type":"box","text":"Bought JPY, Sold GBP 120 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":305,"width":419,"height":11}},{"id":"34f4ad5f-2249-4e8e-abab-52d772671518","block_type":"box","text":"(2)","page_number":106,"box":{"x":781,"y":305,"width":19,"height":11}},{"id":"6b6f2ec4-7824-4896-868c-18b09e568e0c","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":310,"width":9,"height":1}},{"id":"89459046-59b3-4c2e-bc07-e7dbd976fea0","block_type":"box","text":"HKD 1,212","page_number":106,"box":{"x":115,"y":320,"width":80,"height":10}},{"id":"e51ffd12-de73-4100-ae7c-17d3ab4504a5","block_type":"box","text":"Bought HKD, Sold GBP 117 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":320,"width":424,"height":11}},{"id":"2fb7a943-4bf1-4fb3-b5cb-6eb7b2e16121","block_type":"box","text":"(1)","page_number":106,"box":{"x":781,"y":320,"width":19,"height":11}},{"id":"a7329ecd-f651-4740-a155-94e2b653f9c1","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":325,"width":9,"height":1}},{"id":"f3b4ef91-280f-4b75-8265-a7aa960d0143","block_type":"box","text":"JPY 421","page_number":106,"box":{"x":133,"y":335,"width":60,"height":9}},{"id":"0ac5fbf9-94c6-4287-b2e4-f4af38520dc9","block_type":"box","text":"Bought JPY, Sold GBP 2 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":335,"width":400,"height":11}},{"id":"3240854c-bb0c-41a5-af78-d5021d0240fa","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":340,"width":9,"height":1}},{"id":"ea006d00-9ece-468a-8ae8-311802756ac6","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":340,"width":9,"height":1}},{"id":"f101120c-5376-40b6-9734-25088887420e","block_type":"box","text":"JPY 4,508","page_number":106,"box":{"x":119,"y":351,"width":76,"height":10}},{"id":"c9350132-f940-44eb-aa15-4077550b0d5b","block_type":"box","text":"Bought JPY, Sold GBP 21 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":351,"width":409,"height":11}},{"id":"814f0639-94a3-4884-8e77-3a5278f7ecdd","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":356,"width":9,"height":1}},{"id":"3c50baad-f779-4ba7-9a71-92ea92a5f410","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":356,"width":9,"height":1}},{"id":"b8cd9228-2cab-47cf-be70-d469b9ac0eaa","block_type":"box","text":"AUD 29","page_number":106,"box":{"x":137,"y":366,"width":58,"height":9}},{"id":"1f54a5ae-97d0-40ff-82eb-895c160b4380","block_type":"box","text":"Bought AUD, Sold GBP 15 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":366,"width":415,"height":11}},{"id":"cd5991e7-bd51-4297-bf7a-220a2ac4772f","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":371,"width":9,"height":1}},{"id":"7cf02253-2b5c-476c-bb73-9f4479de6f36","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":371,"width":9,"height":1}},{"id":"0cd25d80-4a95-4ab3-9c17-9230408a8c3d","block_type":"box","text":"AUD 44","page_number":106,"box":{"x":137,"y":381,"width":58,"height":9}},{"id":"bc5ff608-b7ce-4d6d-8611-ac934929c6a3","block_type":"box","text":"Bought AUD, Sold GBP 23 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":381,"width":415,"height":12}},{"id":"260abdf2-0a3f-4ef9-a97f-930ca84a34bb","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":387,"width":9,"height":0}},{"id":"73a98e30-b050-4ab4-8cf0-d280cc5cc19b","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":387,"width":9,"height":0}},{"id":"0f41e820-804f-4682-9463-b9abbdba1999","block_type":"box","text":"AUD 3","page_number":106,"box":{"x":146,"y":397,"width":49,"height":9}},{"id":"c4935db9-b07e-496b-9ec3-63429c9ea61d","block_type":"box","text":"Bought AUD, Sold GBP 1 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":397,"width":406,"height":11}},{"id":"9d97052a-f9bd-47f1-902c-fbbed3aa2bf1","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":402,"width":9,"height":1}},{"id":"2eb99863-c709-453d-8639-5ca1b7b92aac","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":402,"width":9,"height":1}},{"id":"06cc1e3f-cfd4-4374-9fe6-cabcde5c3575","block_type":"box","text":"AUD 20,664","page_number":106,"box":{"x":104,"y":412,"width":91,"height":10}},{"id":"d78ce582-ba08-4438-bf08-9accdfd06738","block_type":"box","text":"Bought AUD, Sold GBP 10,795 for settlement on","page_number":106,"box":{"x":230,"y":412,"width":365,"height":11}},{"id":"89cc2d85-ee32-46c9-866b-b9ef76ae3b56","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":426,"width":83,"height":9}},{"id":"d9c46584-f64b-449b-9236-e2700f264465","block_type":"box","text":"(68)","page_number":106,"box":{"x":771,"y":426,"width":29,"height":12}},{"id":"0ffd216e-c067-44cb-a59f-a65c69054a3c","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":432,"width":9,"height":0}},{"id":"34fd4f57-3d08-47e2-bdd0-bbb20a5553c2","block_type":"box","text":"AUD 294","page_number":106,"box":{"x":127,"y":442,"width":68,"height":9}},{"id":"83ca9f49-1773-487d-bd7b-746e665ac8d9","block_type":"box","text":"Bought AUD, Sold GBP 153 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":442,"width":424,"height":11}},{"id":"118efc1c-0282-475d-a565-90caa5312348","block_type":"box","text":"(1)","page_number":106,"box":{"x":781,"y":442,"width":19,"height":11}},{"id":"e54e81ff-18bf-4bcc-aa82-ed0262f00935","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":447,"width":9,"height":1}},{"id":"082a7dfb-bfeb-4548-aff4-a1b399560127","block_type":"box","text":"AUD 29","page_number":106,"box":{"x":137,"y":457,"width":58,"height":9}},{"id":"b7cf162e-cb1a-48d5-bbd4-54406af35f06","block_type":"box","text":"Bought AUD, Sold GBP 15 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":457,"width":415,"height":11}},{"id":"95ae7339-e43f-4525-8393-763802c25b99","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":462,"width":9,"height":1}},{"id":"c948ca90-adc7-4a18-81ff-633722b6975f","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":462,"width":9,"height":1}},{"id":"69981d9f-8bff-4c08-89d2-24ef2e8979c3","block_type":"box","text":"AUD 54","page_number":106,"box":{"x":137,"y":473,"width":58,"height":8}},{"id":"1295e1c8-9e28-41ca-bba2-45be6fa7260d","block_type":"box","text":"Bought AUD, Sold GBP 28 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":472,"width":415,"height":12}},{"id":"683176b2-6cee-4db8-be4e-f4cfeab19d6c","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":478,"width":9,"height":1}},{"id":"9650a711-7928-48e9-bc76-04af6726a4e2","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":478,"width":9,"height":1}},{"id":"f62ccd03-e3ff-4b36-945d-a4f3c451b53a","block_type":"box","text":"AUD 13,741","page_number":106,"box":{"x":104,"y":488,"width":89,"height":10}},{"id":"8acd5002-280d-4df0-a54c-aab7bd795da0","block_type":"box","text":"Bought AUD, Sold GBP 7,213 for settlement on","page_number":106,"box":{"x":230,"y":488,"width":355,"height":11}},{"id":"d4597734-f78f-48e1-bde2-e3639a5c37d0","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":502,"width":83,"height":9}},{"id":"2ccb1298-5840-4209-a1e4-d13ac906c68a","block_type":"box","text":"(80)","page_number":106,"box":{"x":771,"y":502,"width":29,"height":11}},{"id":"f4e758cf-d712-4bde-8121-83e503db8075","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":507,"width":9,"height":1}},{"id":"f4aaaf11-51cb-40ad-b741-bfcab05250b9","block_type":"box","text":"AUD 217","page_number":106,"box":{"x":127,"y":517,"width":68,"height":9}},{"id":"14835dc6-cc15-41b1-ad37-1518d9872a83","block_type":"box","text":"Bought AUD, Sold GBP 114 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":517,"width":423,"height":12}},{"id":"394253d5-7de0-4814-890e-12fbc3b2620c","block_type":"box","text":"(1)","page_number":106,"box":{"x":781,"y":517,"width":19,"height":12}},{"id":"96eac31f-4267-4e80-8dfe-684354619f0f","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":523,"width":9,"height":0}},{"id":"454cc0f9-b56e-466d-9970-8d12fe9f293b","block_type":"box","text":"AUD 28,637","page_number":106,"box":{"x":104,"y":533,"width":91,"height":10}},{"id":"53f894b2-a439-4a0f-9f58-461951a09732","block_type":"box","text":"Bought AUD, Sold GBP 15,129 for settlement on","page_number":106,"box":{"x":230,"y":533,"width":365,"height":11}},{"id":"0a6d3540-90fd-4005-8029-e93e0689862d","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":547,"width":83,"height":9}},{"id":"b74ae1fc-45f6-4dd2-a038-565fc555104c","block_type":"box","text":"(263)","page_number":106,"box":{"x":762,"y":547,"width":38,"height":11}},{"id":"8f243e39-a68e-4673-8752-a1479919fc9a","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":552,"width":9,"height":1}},{"id":"98f8d7f0-1c81-4c74-b64a-fd0e0b54ba01","block_type":"box","text":"AUD 1","page_number":106,"box":{"x":146,"y":562,"width":47,"height":9}},{"id":"a59d22c3-9e1a-4644-b4b6-56a7c4c82d3d","block_type":"box","text":"Bought AUD, Sold GBP 1 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":562,"width":406,"height":12}},{"id":"720f1f40-3904-457e-9798-48ddec79c550","block_type":"box","text":"–","page_number":106,"box":{"x":791,"y":568,"width":9,"height":0}},{"id":"c8499023-ff09-47eb-b196-c6770cb5a67f","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":568,"width":9,"height":0}},{"id":"ce43dbd5-def6-4a84-98ac-9a3a26bdcb0b","block_type":"box","text":"AUD 71","page_number":106,"box":{"x":137,"y":578,"width":56,"height":9}},{"id":"4798cf49-b92b-4222-801c-b0cf7bde6bcd","block_type":"box","text":"Bought AUD, Sold GBP 38 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":578,"width":415,"height":11}},{"id":"dc655266-1c2c-49c7-8ed3-b4aa89314268","block_type":"box","text":"(1)","page_number":106,"box":{"x":781,"y":578,"width":19,"height":11}},{"id":"c7dd57bc-a083-4dcc-8890-0715ab1049d7","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":583,"width":9,"height":1}},{"id":"95d8bfc3-94fa-493f-a76a-d90cc94f616a","block_type":"box","text":"JPY 2,148,187","page_number":106,"box":{"x":86,"y":593,"width":109,"height":11}},{"id":"021c0bd0-1b79-4a6f-a18e-ce3a89f82a6f","block_type":"box","text":"Bought JPY, Sold GBP 10,107 for settlement on","page_number":106,"box":{"x":230,"y":593,"width":359,"height":11}},{"id":"bbc020a1-fac9-4b53-b3f5-84056b2c0b60","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":607,"width":83,"height":9}},{"id":"9e0f271e-ffba-4820-991f-8c5008fb9300","block_type":"box","text":"(126)","page_number":106,"box":{"x":762,"y":607,"width":38,"height":12}},{"id":"a41b1429-527e-4a22-9625-8b4796f4a005","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":613,"width":9,"height":0}},{"id":"2f8a58b8-6b59-44f6-a73f-088eea1458a1","block_type":"box","text":"HKD 112,025","page_number":106,"box":{"x":97,"y":623,"width":98,"height":10}},{"id":"fe38c977-5b02-4430-9ac6-f34d3c08a661","block_type":"box","text":"Bought HKD, Sold GBP 10,783 for settlement on","page_number":106,"box":{"x":230,"y":623,"width":365,"height":11}},{"id":"5195b679-94da-4d7a-bc40-f51d47ed2d8d","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":637,"width":83,"height":9}},{"id":"8854fe78-480a-4ec6-9b75-4e30afb104c1","block_type":"box","text":"(86)","page_number":106,"box":{"x":771,"y":637,"width":29,"height":11}},{"id":"93bc12ec-aa59-42a1-961f-bf11eca17bcc","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":642,"width":9,"height":1}},{"id":"5ab13b2f-8578-420e-8ecd-6790bab90ff5","block_type":"box","text":"HKD 210,687","page_number":106,"box":{"x":96,"y":652,"width":99,"height":11}},{"id":"ae82225b-fd21-4211-b388-3ff97c796435","block_type":"box","text":"Bought HKD, Sold GBP 20,345 for settlement on","page_number":106,"box":{"x":230,"y":652,"width":365,"height":12}},{"id":"12fe52d3-11ee-432e-b4a4-f6c90900a434","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":667,"width":83,"height":8}},{"id":"43ca0a7f-fbb7-4b8d-8995-f3badf52942e","block_type":"box","text":"(226)","page_number":106,"box":{"x":762,"y":667,"width":38,"height":11}},{"id":"8b5d88b8-edef-4c02-b143-5a1c23a3b05a","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":672,"width":9,"height":1}},{"id":"7a5623f1-ba59-4486-8c60-3ff01ad0c29b","block_type":"box","text":"HKD 153,840","page_number":106,"box":{"x":96,"y":682,"width":99,"height":10}},{"id":"4382f16b-632e-4316-a957-a6343280b4f4","block_type":"box","text":"Bought HKD, Sold GBP 14,930 for settlement on","page_number":106,"box":{"x":230,"y":682,"width":365,"height":11}},{"id":"c3ab24fd-6922-441a-b74e-b16b9f46d6d4","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":696,"width":83,"height":9}},{"id":"287e3fdd-55d8-4419-bd0f-f76f259c8881","block_type":"box","text":"(240)","page_number":106,"box":{"x":762,"y":696,"width":38,"height":11}},{"id":"6c5e1a88-b3f9-457e-9802-2ff7739ac9eb","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":701,"width":9,"height":1}},{"id":"9e7caa48-f920-4fe3-8e6b-e08f7d8220f8","block_type":"box","text":"EUR 97,738","page_number":106,"box":{"x":105,"y":712,"width":90,"height":10}},{"id":"11cb1bdf-57fa-42a7-966c-f28fb7b9cda9","block_type":"box","text":"Bought EUR, Sold GBP 84,311 for settlement on","page_number":106,"box":{"x":230,"y":712,"width":358,"height":11}},{"id":"ddb976b9-3608-47d4-82e5-67d832546863","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":726,"width":83,"height":9}},{"id":"4c86905b-3834-4038-a08b-2feb70959ea5","block_type":"box","text":"(541)","page_number":106,"box":{"x":762,"y":726,"width":38,"height":11}},{"id":"c362de8b-01bd-4a05-bab7-a152bcb56597","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":731,"width":9,"height":1}},{"id":"db5c26a7-0e30-446d-900d-3340130140a0","block_type":"box","text":"CHF 206,606","page_number":106,"box":{"x":97,"y":741,"width":98,"height":11}},{"id":"a69f629a-43ee-47b8-aa1c-5ea10b0a4b12","block_type":"box","text":"Bought CHF, Sold GBP 194,112 for settlement on","page_number":106,"box":{"x":230,"y":741,"width":365,"height":11}},{"id":"5baf9bf0-944f-4796-a65b-42eccf43f6f5","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":755,"width":83,"height":9}},{"id":"dd990071-91f5-49a8-ae3d-e09dfb3ec98d","block_type":"box","text":"(1,303)","page_number":106,"box":{"x":748,"y":755,"width":52,"height":12}},{"id":"49f00f5d-fe73-489c-a545-5cb330ef7e84","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":761,"width":9,"height":1}},{"id":"b44acb1d-dd1e-4d60-b52d-2c1af3d88be9","block_type":"box","text":"AUD 22,194","page_number":106,"box":{"x":104,"y":771,"width":91,"height":10}},{"id":"8ab30d4e-e2d5-411e-ae38-c85d62516540","block_type":"box","text":"Bought AUD, Sold GBP 11,595 for settlement on","page_number":106,"box":{"x":230,"y":771,"width":357,"height":11}},{"id":"73f78e1a-5e46-4793-b9f6-85cc629aa4ae","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":785,"width":83,"height":9}},{"id":"e7394f70-af46-40ed-9b39-a388056a4537","block_type":"box","text":"(74)","page_number":106,"box":{"x":771,"y":785,"width":29,"height":11}},{"id":"2ef8aadd-c815-470b-b87e-2d0e26084cb4","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":790,"width":9,"height":1}},{"id":"71ef2ec2-8137-491a-b3cc-07aeb1fbb57a","block_type":"box","text":"AUD 14,677","page_number":106,"box":{"x":104,"y":801,"width":91,"height":10}},{"id":"25a159d5-0179-426f-ae37-e002f6760953","block_type":"box","text":"Bought AUD, Sold GBP 7,705 for settlement on","page_number":106,"box":{"x":230,"y":800,"width":349,"height":12}},{"id":"e7ead7cc-7f81-4aa9-b6be-96d978a0b4a4","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":815,"width":83,"height":9}},{"id":"b5ce17f9-e70a-4f34-9420-4580ac21c263","block_type":"box","text":"(86)","page_number":106,"box":{"x":771,"y":815,"width":29,"height":11}},{"id":"13427f53-5e5e-48c8-801d-516b53be7b0a","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":820,"width":9,"height":1}},{"id":"09312b6c-983f-46e1-addc-ee32f606d015","block_type":"box","text":"AUD 30,603","page_number":106,"box":{"x":104,"y":830,"width":91,"height":10}},{"id":"59f1c67a-aca4-4ce4-b786-10e59a42e4a2","block_type":"box","text":"Bought AUD, Sold GBP 16,168 for settlement on","page_number":106,"box":{"x":230,"y":830,"width":359,"height":11}},{"id":"5a4e31ec-5bd4-4509-8204-04d4a50751fe","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":844,"width":83,"height":9}},{"id":"8c7e57a0-8d08-4cc2-aa2d-b8fd86c693b7","block_type":"box","text":"(281)","page_number":106,"box":{"x":762,"y":844,"width":38,"height":12}},{"id":"9a54d047-cac8-489f-ace5-3a424674e749","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":850,"width":9,"height":0}},{"id":"76547944-78b9-4119-9541-b96abe6f19c9","block_type":"box","text":"JPY 104,663","page_number":106,"box":{"x":100,"y":860,"width":95,"height":10}},{"id":"05d2e42f-66e2-4742-bd81-0933a9deacb1","block_type":"box","text":"Bought JPY, Sold GBP 492 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":860,"width":419,"height":11}},{"id":"5f4cd1a2-43b9-41dc-9ceb-f79dee0f730a","block_type":"box","text":"(6)","page_number":106,"box":{"x":781,"y":860,"width":19,"height":11}},{"id":"0147477f-e765-47b9-9cec-a2f4de92ff3d","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":865,"width":9,"height":1}},{"id":"12223209-2ca6-467e-b444-eed2161f418e","block_type":"box","text":"HKD 5,432","page_number":106,"box":{"x":115,"y":875,"width":80,"height":10}},{"id":"29343e2d-dd53-4be7-956a-6f5eaf69fb62","block_type":"box","text":"Bought HKD, Sold GBP 523 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":875,"width":425,"height":11}},{"id":"67522515-a31f-439b-95a7-7095efbfb7fb","block_type":"box","text":"(4)","page_number":106,"box":{"x":781,"y":875,"width":19,"height":11}},{"id":"0355a8ba-edb0-48ba-a9c2-ee9e92f25e46","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":880,"width":9,"height":1}},{"id":"42fc9220-f9e9-4f2c-ad37-3746d1f660ad","block_type":"box","text":"HKD 10,222","page_number":106,"box":{"x":105,"y":890,"width":90,"height":11}},{"id":"7e413914-8016-4e63-8155-92072ab96cc1","block_type":"box","text":"Bought HKD, Sold GBP 987 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":890,"width":425,"height":12}},{"id":"758bd0b4-125d-48b5-ad73-cf5dbba7e090","block_type":"box","text":"(11)","page_number":106,"box":{"x":773,"y":890,"width":27,"height":12}},{"id":"875cec09-13e7-496e-8c6a-be845939aaa9","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":896,"width":9,"height":0}},{"id":"8bb78fe3-8c39-44b3-940b-65c0480ab15b","block_type":"box","text":"HKD 7,493","page_number":106,"box":{"x":115,"y":906,"width":80,"height":10}},{"id":"bb227ada-0ed5-4901-92af-f9d04244751b","block_type":"box","text":"Bought HKD, Sold GBP 727 for settlement on 24/07/2026","page_number":106,"box":{"x":230,"y":906,"width":425,"height":11}},{"id":"803d62be-4d26-4a56-a6db-733d545f6bab","block_type":"box","text":"(12)","page_number":106,"box":{"x":771,"y":906,"width":29,"height":11}},{"id":"910fa04e-dfc6-497f-845d-ce2c65fc92a8","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":911,"width":9,"height":1}},{"id":"72256316-25c8-47e4-b27d-5414e435b73a","block_type":"box","text":"EUR 4,758","page_number":106,"box":{"x":115,"y":921,"width":80,"height":11}},{"id":"994aea2d-3a12-46c5-a31b-f7e587a14d17","block_type":"box","text":"Bought EUR, Sold GBP 4,104 for settlement on","page_number":106,"box":{"x":230,"y":921,"width":350,"height":11}},{"id":"b03b9d7d-93c8-42df-aa11-ff2061e7d9a4","block_type":"box","text":"24/07/2026","page_number":106,"box":{"x":229,"y":935,"width":83,"height":9}},{"id":"39270932-57ac-49b9-a528-07f9b0375c0e","block_type":"box","text":"(26)","page_number":106,"box":{"x":771,"y":935,"width":29,"height":12}},{"id":"8a80c86b-db3f-48d6-b03b-78919d986e22","block_type":"box","text":"–","page_number":106,"box":{"x":948,"y":941,"width":9,"height":0}},{"id":"721bfb20-1772-4fab-ba9b-02012df1ddac","block_type":"box","text":"106","page_number":107,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"fe60032e-8720-49fc-becf-fddb002d1aa5","block_type":"box","text":"107","page_number":107,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"1959ed73-e342-4b6a-9d47-bbb97e581f18","block_type":"box","text":"SARASIN Global Dividend","page_number":107,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"b3b139c2-28c7-4292-a93b-331afbb82d25","block_type":"box","text":"Portfolio Statement (continued)","page_number":107,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"4b327eb6-5644-4c99-84bf-24bef57a8aab","block_type":"box","text":"Holding","page_number":107,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"ed94da0d-7ec2-46c0-8570-55733e7f6a8c","block_type":"box","text":"Investment","page_number":107,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"76eb6450-5926-4420-a927-cc45fd79ba40","block_type":"box","text":"Market","page_number":107,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"85717107-c2d1-4074-a2fc-a9067c04bedd","block_type":"box","text":"Value","page_number":107,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"4a43bcd0-06e3-48fd-814b-c2b8872c3860","block_type":"box","text":"£","page_number":107,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"57a798ac-876c-4341-8af0-19fe409c52c2","block_type":"box","text":"% of","page_number":107,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"d090edf0-fd0a-4ff8-890f-fa0f1095aa14","block_type":"box","text":"Net Assets","page_number":107,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"cb883284-7224-4beb-9618-569c9c4ff647","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":107,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"0e23c334-d58b-46b8-a389-24dabb3d102c","block_type":"box","text":"CHF 10,079","page_number":107,"box":{"x":106,"y":183,"width":89,"height":10}},{"id":"6874cdb7-3c95-4a6a-a297-b145765029be","block_type":"box","text":"Bought CHF, Sold GBP 9,470 for settlement on","page_number":107,"box":{"x":230,"y":183,"width":353,"height":11}},{"id":"78d06849-c82d-4d9d-bad1-e9b2d2cc1412","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"5c7874f0-c0cd-4527-93de-a3e4feffa391","block_type":"box","text":"(64)","page_number":107,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"2c8b0eb5-ddca-4481-be85-0af9070205b2","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"b9d7f95b-8084-4d2d-b05c-11289d761df5","block_type":"box","text":"AUD 1,077","page_number":107,"box":{"x":113,"y":212,"width":82,"height":11}},{"id":"a07a76e2-f5eb-42b0-9700-d618fa021e62","block_type":"box","text":"Bought AUD, Sold GBP 563 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":212,"width":424,"height":12}},{"id":"173bdc4b-f0ff-43d5-954f-3162ef349596","block_type":"box","text":"(4)","page_number":107,"box":{"x":781,"y":212,"width":19,"height":12}},{"id":"ad15b93e-6911-4c12-96e6-6664efeadb75","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"262d063e-09da-43d1-9450-a98c640f5904","block_type":"box","text":"AUD 716","page_number":107,"box":{"x":127,"y":228,"width":68,"height":9}},{"id":"0d35f9e7-7163-4f4c-b475-8d66b24a7c06","block_type":"box","text":"Bought AUD, Sold GBP 376 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":228,"width":424,"height":11}},{"id":"d379d928-23e9-4c91-8636-687f2ea760df","block_type":"box","text":"(4)","page_number":107,"box":{"x":781,"y":228,"width":19,"height":11}},{"id":"7cabf9d6-a1d2-472f-95aa-dc6d3b3ea86b","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":233,"width":9,"height":1}},{"id":"bab495f0-8292-46d4-ad1a-a96ac9f5219a","block_type":"box","text":"AUD 332","page_number":107,"box":{"x":127,"y":243,"width":68,"height":9}},{"id":"8d27ace2-16ee-4581-ac6d-5aec16b8230e","block_type":"box","text":"Bought AUD, Sold GBP 172 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":243,"width":424,"height":11}},{"id":"980f3480-cb23-484e-a105-502c629eef7e","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":248,"width":9,"height":1}},{"id":"741b87e2-79d7-4d12-9fda-50a78d82e78f","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":248,"width":9,"height":1}},{"id":"365ceb26-1f38-44d7-a1f7-e0692ef475ef","block_type":"box","text":"CHF 27","page_number":107,"box":{"x":139,"y":258,"width":56,"height":9}},{"id":"0e898c68-7765-4e3e-a800-7f83a759f210","block_type":"box","text":"Bought CHF, Sold GBP 25 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":258,"width":413,"height":12}},{"id":"080ce411-797a-444d-b259-ba68f675c2ae","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":264,"width":9,"height":1}},{"id":"c35f5f50-c54c-480b-86cc-b46dc2fe468c","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":264,"width":9,"height":1}},{"id":"de833c3f-b27b-4a6a-bcb5-bdafae098bae","block_type":"box","text":"CHF 0","page_number":107,"box":{"x":148,"y":274,"width":47,"height":9}},{"id":"3d77896d-7cbe-4ab2-acc6-75985290e0d0","block_type":"box","text":"Bought CHF, Sold GBP – for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":274,"width":404,"height":11}},{"id":"6cefbfb0-4952-4873-9f13-d144fd094e2b","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":279,"width":9,"height":1}},{"id":"c9dd8b8a-ff93-4966-9399-352e541f6b85","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":279,"width":9,"height":1}},{"id":"76f4cac6-6f1c-4c29-8ca1-efb4227dbe4a","block_type":"box","text":"CHF 86","page_number":107,"box":{"x":139,"y":289,"width":56,"height":9}},{"id":"3fef5dcf-dc8e-4ee6-ba18-249a064218ac","block_type":"box","text":"Bought CHF, Sold GBP 80 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":289,"width":413,"height":11}},{"id":"15d23d70-a6c2-4819-bd17-458f317c20dc","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":289,"width":19,"height":11}},{"id":"eede2556-5d35-4a4f-9cee-5159f5e821a2","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":294,"width":9,"height":1}},{"id":"1891f48c-a5ec-4874-8402-c94c52f7661c","block_type":"box","text":"JPY 8,085","page_number":107,"box":{"x":119,"y":305,"width":76,"height":10}},{"id":"d8d63fa1-acea-4134-8bf0-a6f340f1f37e","block_type":"box","text":"Bought JPY, Sold GBP 38 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":305,"width":409,"height":11}},{"id":"c818c913-3c52-4c8e-9f86-cc7c848c45c4","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":310,"width":9,"height":1}},{"id":"aa787199-490c-47c9-9592-302de48faade","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":310,"width":9,"height":1}},{"id":"94e3d96a-1e87-4d84-9c91-9d3b0529a78f","block_type":"box","text":"JPY 2,010,234","page_number":107,"box":{"x":86,"y":320,"width":109,"height":10}},{"id":"5f66be64-b646-4dd9-907b-39fe2505821b","block_type":"box","text":"Bought JPY, Sold GBP 9,458 for settlement on","page_number":107,"box":{"x":230,"y":320,"width":349,"height":11}},{"id":"c85a9401-8293-4831-84d9-fa9c057fd501","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":334,"width":83,"height":9}},{"id":"17816863-ba9d-40eb-b53e-acb90cc5f16f","block_type":"box","text":"(118)","page_number":107,"box":{"x":763,"y":334,"width":37,"height":11}},{"id":"d861a7e0-39a8-41c1-8079-ee7e772f3a2f","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":339,"width":9,"height":1}},{"id":"9ab1e118-5308-43ff-be1f-4843a7f9c5d7","block_type":"box","text":"JPY 32,175","page_number":107,"box":{"x":110,"y":350,"width":85,"height":10}},{"id":"1bf80b6e-f00c-462b-a03e-947a950afbe5","block_type":"box","text":"Bought JPY, Sold GBP 151 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":349,"width":419,"height":12}},{"id":"29f58eab-df49-4127-a407-1e97887c6368","block_type":"box","text":"(2)","page_number":107,"box":{"x":781,"y":349,"width":19,"height":12}},{"id":"c31470d5-2f33-4029-ac81-90014be1e63f","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":355,"width":9,"height":1}},{"id":"0fdbadf6-13b4-42af-bcee-0ef437dcd72b","block_type":"box","text":"JPY 133","page_number":107,"box":{"x":133,"y":365,"width":62,"height":9}},{"id":"c938706a-f237-4fb7-a45a-69e9074e1acb","block_type":"box","text":"Bought JPY, Sold GBP 1 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":365,"width":400,"height":11}},{"id":"138618ae-97c6-4f3a-80cc-87526807f783","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":370,"width":9,"height":1}},{"id":"4122d964-a429-4581-a2fe-2810a0f0b6ff","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":370,"width":9,"height":1}},{"id":"1c34c26b-000c-467c-bdad-a16138dfc352","block_type":"box","text":"JPY 10,150","page_number":107,"box":{"x":110,"y":380,"width":85,"height":11}},{"id":"f4ea882f-5a76-4014-b57d-71b180a5a41f","block_type":"box","text":"Bought JPY, Sold GBP 48 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":380,"width":409,"height":11}},{"id":"0c51c72d-c80e-4211-bcc4-20c16860e1a1","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":380,"width":19,"height":11}},{"id":"b474e931-9b45-4840-a337-3f2cdd7a76fc","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":385,"width":9,"height":1}},{"id":"07013517-9d67-46d0-8ea8-3f5a60323ffa","block_type":"box","text":"HKD 3,479","page_number":107,"box":{"x":115,"y":396,"width":80,"height":10}},{"id":"7d6fe2c0-fafc-479f-b556-92035ef91ddf","block_type":"box","text":"Bought HKD, Sold GBP 332 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":396,"width":425,"height":11}},{"id":"d0d24a05-788f-431f-97b2-72dbf303beb6","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":401,"width":9,"height":1}},{"id":"50c6b500-739d-45ba-b325-1aa1a12387e7","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":401,"width":9,"height":1}},{"id":"b9b441f8-1974-4b3d-8b2f-e197b3dbfe84","block_type":"box","text":"HKD 298","page_number":107,"box":{"x":129,"y":411,"width":66,"height":9}},{"id":"27619abf-b5a0-4396-a421-57a8f8383ef6","block_type":"box","text":"Bought HKD, Sold GBP 29 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":411,"width":416,"height":11}},{"id":"f58bacb6-15d5-4e71-a7d7-c4d6fe19ae0a","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":416,"width":9,"height":1}},{"id":"4fd29cbb-7e1d-4e6a-a64a-6c89b7dc0f35","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":416,"width":9,"height":1}},{"id":"b606cce3-fe6d-4a5c-878b-15ef576899db","block_type":"box","text":"HKD 457","page_number":107,"box":{"x":129,"y":426,"width":66,"height":9}},{"id":"a1fc3d53-f9d8-45f5-a534-890fb24a3522","block_type":"box","text":"Bought HKD, Sold GBP 44 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":426,"width":416,"height":12}},{"id":"e56911b7-5fb6-46d4-a32a-48b31b1b2b6f","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":426,"width":19,"height":12}},{"id":"a4294371-f9e7-44e2-a182-1eebc3732b18","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":432,"width":9,"height":0}},{"id":"60370dd9-86f0-4120-b43c-71584c1ae84f","block_type":"box","text":"HKD 104,230","page_number":107,"box":{"x":96,"y":442,"width":99,"height":10}},{"id":"7a2cc9bd-7f76-4277-b163-b16f40091a9d","block_type":"box","text":"Bought HKD, Sold GBP 10,033 for settlement on","page_number":107,"box":{"x":230,"y":442,"width":365,"height":11}},{"id":"465fb31a-98b1-4df9-b5ee-0a06591d2ff0","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":456,"width":83,"height":9}},{"id":"0ee1b825-d8f2-47a6-b47a-968362c5da0c","block_type":"box","text":"(80)","page_number":107,"box":{"x":771,"y":456,"width":29,"height":11}},{"id":"b27398fa-8c98-4f0e-9dc6-3ca61689d3a0","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":461,"width":9,"height":1}},{"id":"47b7d406-c0f6-4846-baf3-3cc1e691235c","block_type":"box","text":"HKD 28","page_number":107,"box":{"x":138,"y":471,"width":57,"height":9}},{"id":"9bb21b53-538d-4540-9b2b-6e470c411b0a","block_type":"box","text":"Bought HKD, Sold GBP 3 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":471,"width":407,"height":12}},{"id":"c98c3d2a-da7a-4fad-a228-c63429ae55cd","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":477,"width":9,"height":0}},{"id":"5d24861e-22a3-4902-be37-3344171819d4","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":477,"width":9,"height":0}},{"id":"4ce5e1b3-0f82-49aa-8b6f-d4d0eeb598d8","block_type":"box","text":"HKD 196,134","page_number":107,"box":{"x":96,"y":487,"width":99,"height":10}},{"id":"88b40a39-d89b-4ba9-a24a-a74027e38c2e","block_type":"box","text":"Bought HKD, Sold GBP 18,940 for settlement on","page_number":107,"box":{"x":230,"y":487,"width":365,"height":11}},{"id":"70335a56-14eb-4733-93c9-413246b454e5","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":501,"width":83,"height":9}},{"id":"9a8df855-7b85-44d8-a287-27bf1b4cd293","block_type":"box","text":"(210)","page_number":107,"box":{"x":762,"y":501,"width":38,"height":11}},{"id":"22c583a4-8d8e-4195-b89e-19bbf064f170","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":506,"width":9,"height":1}},{"id":"28ce7ae9-13d1-4bce-98eb-db8217fcfce8","block_type":"box","text":"HKD 3,241","page_number":107,"box":{"x":115,"y":516,"width":78,"height":11}},{"id":"ce8b528b-0916-4892-9b73-181cc852a05e","block_type":"box","text":"Bought HKD, Sold GBP 313 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":516,"width":425,"height":12}},{"id":"b048b830-6a59-4c26-98d6-6854319ddfe8","block_type":"box","text":"(3)","page_number":107,"box":{"x":781,"y":516,"width":19,"height":12}},{"id":"6388466d-bbf4-42a4-b5eb-dfb721624e59","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":522,"width":9,"height":0}},{"id":"56988963-03ce-4be2-866e-8ded838a04e8","block_type":"box","text":"HKD 316","page_number":107,"box":{"x":129,"y":532,"width":66,"height":9}},{"id":"64a2f6f3-2e7a-49ef-884a-5333c829aaa3","block_type":"box","text":"Bought HKD, Sold GBP 31 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":532,"width":416,"height":11}},{"id":"fcbf6cf5-68b1-4f7a-9261-f2109a34d9fd","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":537,"width":9,"height":1}},{"id":"71f538d4-5caf-4698-8bef-6ee19c0df244","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":537,"width":9,"height":1}},{"id":"4ccc98b5-d914-491b-917c-006041b54a36","block_type":"box","text":"HKD 143,937","page_number":107,"box":{"x":96,"y":547,"width":99,"height":10}},{"id":"27c5df66-248a-429d-980d-d8543d55df55","block_type":"box","text":"Bought HKD, Sold GBP 13,969 for settlement on","page_number":107,"box":{"x":230,"y":547,"width":365,"height":11}},{"id":"b50fec19-0abb-4121-a634-0f8a3a7e6003","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":561,"width":83,"height":9}},{"id":"158da6d1-3ac6-4d2a-bf90-469e9d34e0d7","block_type":"box","text":"(224)","page_number":107,"box":{"x":762,"y":561,"width":38,"height":12}},{"id":"626800ac-bf06-4820-9034-e594aaba131d","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":566,"width":9,"height":1}},{"id":"08064820-0412-4f68-bf07-1c2eb8a402d0","block_type":"box","text":"JPY 45,770","page_number":107,"box":{"x":110,"y":577,"width":85,"height":10}},{"id":"ac92e942-67e0-4c5c-871e-55edaeb0eb50","block_type":"box","text":"Bought JPY, Sold GBP 215 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":577,"width":419,"height":11}},{"id":"7cf3202a-1a12-4098-b8ba-52b79b2ed584","block_type":"box","text":"(2)","page_number":107,"box":{"x":781,"y":577,"width":19,"height":11}},{"id":"ed66ef54-a2bf-4e19-9bcb-ddc6a6272f6d","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":582,"width":9,"height":1}},{"id":"ec2b4569-13c0-4fb0-a572-2c2cf95d3746","block_type":"box","text":"HKD 582","page_number":107,"box":{"x":129,"y":592,"width":66,"height":9}},{"id":"906d6344-f79d-4504-a470-73c94888f027","block_type":"box","text":"Bought HKD, Sold GBP 56 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":592,"width":416,"height":11}},{"id":"829c72c5-632b-4eeb-ab90-20779eade3ad","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":592,"width":19,"height":11}},{"id":"3c634984-c89a-4b59-b9cf-52b4112a86d7","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":597,"width":9,"height":1}},{"id":"06665dec-db51-47c0-b1cd-30b9750fe90c","block_type":"box","text":"HKD 9","page_number":107,"box":{"x":148,"y":607,"width":47,"height":9}},{"id":"3990c9a5-d8da-42cd-96ab-86af131c41a5","block_type":"box","text":"Bought HKD, Sold GBP 1 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":607,"width":407,"height":12}},{"id":"d8458787-a8a8-4e0c-97c8-6fe9d2fcaa28","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":613,"width":9,"height":0}},{"id":"fce7f7c9-bcb6-4461-8130-c92d0b20b3ed","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":613,"width":9,"height":0}},{"id":"b0e2b63d-169b-4fd3-b660-da806b0d3c6d","block_type":"box","text":"HKD 728","page_number":107,"box":{"x":129,"y":623,"width":66,"height":9}},{"id":"438583e5-d60e-4579-9bd9-e6b35ac10915","block_type":"box","text":"Bought HKD, Sold GBP 70 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":623,"width":416,"height":11}},{"id":"189be113-b5ca-46b8-998c-65c3fd87e9ef","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":623,"width":19,"height":11}},{"id":"4ae6baf2-5cd8-423a-b6dc-5aafe7006be7","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":628,"width":9,"height":1}},{"id":"38d97162-d0de-423d-92b1-51f1af961bac","block_type":"box","text":"EUR 2,691","page_number":107,"box":{"x":115,"y":638,"width":78,"height":11}},{"id":"c2b0d7f3-e918-44ef-8932-dda7c06d2b0a","block_type":"box","text":"Bought EUR, Sold GBP 2,306 for settlement on","page_number":107,"box":{"x":230,"y":638,"width":356,"height":11}},{"id":"cc6846fc-00db-4f60-aac9-3ddbd82bf221","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":652,"width":83,"height":9}},{"id":"0c910408-2eca-44f4-b593-556d7831054c","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":658,"width":9,"height":0}},{"id":"20bca02d-5dc6-423e-ab87-5251910711c6","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":658,"width":9,"height":0}},{"id":"4565a68a-8636-4321-b3b3-4d22a20994e9","block_type":"box","text":"EUR 232","page_number":107,"box":{"x":129,"y":668,"width":66,"height":9}},{"id":"2a5900e0-e4f2-4a45-886c-5bda4ad1b89e","block_type":"box","text":"Bought EUR, Sold GBP 199 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":668,"width":425,"height":11}},{"id":"f5d11ada-16ab-48d7-afa6-ddf2672f6a1f","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":668,"width":19,"height":11}},{"id":"498aba4a-d9c2-4885-8b81-b68cc0227437","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":673,"width":9,"height":1}},{"id":"a90b35a5-0334-4396-88c8-2a4fe6963332","block_type":"box","text":"EUR 358","page_number":107,"box":{"x":129,"y":683,"width":66,"height":9}},{"id":"d3bf12ce-1ae0-4e66-a582-ba9fff5d44c2","block_type":"box","text":"Bought EUR, Sold GBP 309 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":683,"width":425,"height":11}},{"id":"60eff092-1df5-4ad2-a09a-e28c9fa57eec","block_type":"box","text":"(2)","page_number":107,"box":{"x":781,"y":683,"width":19,"height":11}},{"id":"11027ffc-ed59-4646-ae84-5f5d73648560","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":688,"width":9,"height":1}},{"id":"803e7f85-4709-4c44-8e8d-2c2381a65d2a","block_type":"box","text":"EUR 21","page_number":107,"box":{"x":138,"y":699,"width":55,"height":8}},{"id":"40810e8c-902c-4ba8-8b2f-6c405ac5d64d","block_type":"box","text":"Bought EUR, Sold GBP 19 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":698,"width":416,"height":12}},{"id":"29021150-0205-46fb-a31d-d3b10fe1958e","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":704,"width":9,"height":1}},{"id":"4a2e9297-b091-460f-be38-dde748a6a8f5","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":704,"width":9,"height":1}},{"id":"7555364c-3543-47d1-b051-8d5e69e81a72","block_type":"box","text":"EUR 2,326","page_number":107,"box":{"x":115,"y":714,"width":80,"height":10}},{"id":"58162ac6-8502-433d-8caa-1c01156ab21f","block_type":"box","text":"Bought EUR, Sold GBP 2,013 for settlement on","page_number":107,"box":{"x":230,"y":714,"width":350,"height":11}},{"id":"b5a345fa-ea95-4e5a-9d32-43b8906af0e8","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":728,"width":83,"height":9}},{"id":"99ddc2a7-575b-412b-90ed-0736c670df91","block_type":"box","text":"(19)","page_number":107,"box":{"x":771,"y":728,"width":29,"height":11}},{"id":"ddc7b87e-8bee-43b5-a6f9-bed6448be4ba","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":733,"width":9,"height":1}},{"id":"34ccab91-c2cb-4ddf-839d-7e9f749d55a4","block_type":"box","text":"EUR 91,442","page_number":107,"box":{"x":105,"y":743,"width":90,"height":11}},{"id":"5a0887b5-81a8-4446-98f8-4149c8055561","block_type":"box","text":"Bought EUR, Sold GBP 78,880 for settlement on","page_number":107,"box":{"x":230,"y":743,"width":360,"height":12}},{"id":"906a6c15-ee94-4506-a4df-8dee1caa694d","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":758,"width":83,"height":9}},{"id":"ed097484-93c6-4ad8-ae1c-77093b753718","block_type":"box","text":"(506)","page_number":107,"box":{"x":762,"y":758,"width":38,"height":11}},{"id":"f1012925-a7f7-463d-a888-37f93d1a0587","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":763,"width":9,"height":1}},{"id":"fb2a6d9a-1c6d-42be-8d35-09f6c0136939","block_type":"box","text":"EUR 233","page_number":107,"box":{"x":129,"y":773,"width":66,"height":9}},{"id":"40f7431d-622a-417c-9356-a2ddf4bc3e17","block_type":"box","text":"Bought EUR, Sold GBP 201 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":773,"width":425,"height":11}},{"id":"4d9e248d-fa42-4d1f-8bb6-8bbfe39578e6","block_type":"box","text":"(1)","page_number":107,"box":{"x":781,"y":773,"width":19,"height":11}},{"id":"c2be00aa-71b4-4a02-ad55-c3864b58e9de","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":778,"width":9,"height":1}},{"id":"2ca5e464-d44b-4e88-ae43-38fb0b4d1fd5","block_type":"box","text":"EUR 423","page_number":107,"box":{"x":129,"y":788,"width":66,"height":9}},{"id":"9ddac158-4764-4d72-9d6c-a28bd5b11043","block_type":"box","text":"Bought EUR, Sold GBP 365 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":788,"width":425,"height":12}},{"id":"3f1cbd45-2063-4b47-935d-6b406ef644bb","block_type":"box","text":"(2)","page_number":107,"box":{"x":781,"y":788,"width":19,"height":12}},{"id":"a6b0c5cb-ec46-4c65-9ebb-25a29e79e405","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":794,"width":9,"height":0}},{"id":"b13f2543-d86a-4459-a54b-5db1ee07736f","block_type":"box","text":"EUR 1,696","page_number":107,"box":{"x":115,"y":804,"width":80,"height":10}},{"id":"26e481fc-8ab2-402e-99cd-6e5f1532a835","block_type":"box","text":"Bought EUR, Sold GBP 1,464 for settlement on","page_number":107,"box":{"x":230,"y":804,"width":350,"height":11}},{"id":"b83a9184-30f6-48be-8a65-4d9ab6d1a32c","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":818,"width":83,"height":9}},{"id":"1388cb83-64e5-4dd4-a9d7-a08f2294d5f7","block_type":"box","text":"(10)","page_number":107,"box":{"x":771,"y":818,"width":29,"height":11}},{"id":"2ae258cd-ad31-4559-8063-a96f293af5cd","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":823,"width":9,"height":1}},{"id":"f61f9ce6-65c3-4670-a830-a585e10f770f","block_type":"box","text":"EUR 7","page_number":107,"box":{"x":148,"y":833,"width":47,"height":9}},{"id":"095d0b91-19de-4cbb-bd1d-c4313aa98f11","block_type":"box","text":"Bought EUR, Sold GBP 6 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":833,"width":407,"height":12}},{"id":"a36996bc-3a7a-4bae-a4d9-9cd5a9f930ec","block_type":"box","text":"–","page_number":107,"box":{"x":791,"y":839,"width":9,"height":0}},{"id":"dbf0d3fb-9ff0-438f-8441-879785f97cc5","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":839,"width":9,"height":0}},{"id":"47b27282-41b8-4caa-893e-93c20acf0699","block_type":"box","text":"EUR 530","page_number":107,"box":{"x":129,"y":849,"width":66,"height":9}},{"id":"a040a1de-db4f-4f90-b639-b340c1f21cd8","block_type":"box","text":"Bought EUR, Sold GBP 460 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":849,"width":425,"height":11}},{"id":"2a2cac29-7fc0-4301-8531-91ede9019322","block_type":"box","text":"(6)","page_number":107,"box":{"x":781,"y":849,"width":19,"height":11}},{"id":"0b4e92fb-9248-4ed7-8b9e-869be906c2f6","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":854,"width":9,"height":1}},{"id":"64a31ae7-88bf-4fe8-9a26-f791764c1711","block_type":"box","text":"CHF 193,318","page_number":107,"box":{"x":97,"y":864,"width":98,"height":11}},{"id":"14ca8abb-6b77-4897-965a-fe8061514a74","block_type":"box","text":"Bought CHF, Sold GBP 181,627 for settlement on","page_number":107,"box":{"x":230,"y":864,"width":372,"height":11}},{"id":"5b5530aa-da07-4cde-bed8-87266d00e587","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":878,"width":83,"height":9}},{"id":"c63e7916-4ae6-40ea-8932-c197a20f0e97","block_type":"box","text":"(1,219)","page_number":107,"box":{"x":748,"y":878,"width":52,"height":12}},{"id":"f8c52307-fdca-45fa-ab13-a63973e77f01","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":884,"width":9,"height":0}},{"id":"fb7062d2-569e-4a78-89a2-3c08d5d2823e","block_type":"box","text":"HKD 2,328","page_number":107,"box":{"x":115,"y":894,"width":80,"height":10}},{"id":"4cb29794-41f6-4e4a-bbd5-a6f9828e1991","block_type":"box","text":"Bought HKD, Sold GBP 225 for settlement on 24/07/2026","page_number":107,"box":{"x":230,"y":894,"width":425,"height":11}},{"id":"5b3c4688-df68-4ba0-a140-f7ef2412c58d","block_type":"box","text":"(3)","page_number":107,"box":{"x":781,"y":894,"width":19,"height":11}},{"id":"85827751-d97f-46a8-ac43-c7dd9410873b","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":899,"width":9,"height":1}},{"id":"220b9e77-32e5-488d-96a9-83382b42a934","block_type":"box","text":"HKD 1,020,351","page_number":107,"box":{"x":82,"y":909,"width":111,"height":11}},{"id":"3c606da6-5709-46a6-8818-a65fdc595f14","block_type":"box","text":"Bought HKD, Sold GBP 98,531 for settlement on","page_number":107,"box":{"x":230,"y":909,"width":365,"height":11}},{"id":"240f68e6-4232-4bf3-9324-0b178f0abe0f","block_type":"box","text":"24/07/2026","page_number":107,"box":{"x":229,"y":923,"width":83,"height":9}},{"id":"53516120-ea71-4738-bc21-5956aa9b6f84","block_type":"box","text":"(1,094)","page_number":107,"box":{"x":748,"y":923,"width":52,"height":12}},{"id":"94fbde2d-fc44-45ab-be40-66d90655d5cb","block_type":"box","text":"–","page_number":107,"box":{"x":948,"y":929,"width":9,"height":0}},{"id":"e6e4533c-2128-4b1c-9b1d-282981d10541","block_type":"box","text":"107","page_number":108,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"9732e895-47ad-43dc-abc9-6615268678d9","block_type":"box","text":"SARASIN Global Dividend","page_number":108,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"752b94ba-de57-46cb-b7fd-85b0e2e78b33","block_type":"box","text":"Portfolio Statement (continued)","page_number":108,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"2048a206-f6d7-42b0-a6ad-dc7ba9ee61cf","block_type":"box","text":"Holding","page_number":108,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"895b832c-1dec-420c-b89a-16aff64614cb","block_type":"box","text":"Investment","page_number":108,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"2b821ca4-c192-4e65-9795-204d4ceba995","block_type":"box","text":"Market","page_number":108,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"a2f79f9b-443a-4b5d-ad17-d0832ec4925f","block_type":"box","text":"Value","page_number":108,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"731e7407-5fbe-4fa1-8279-bed04a3ac956","block_type":"box","text":"£","page_number":108,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"c034fff6-8b28-43ad-ba93-1169dd2cb380","block_type":"box","text":"% of","page_number":108,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"2e34a947-b4c7-4a83-948f-ef60a4b8b2b8","block_type":"box","text":"Net Assets","page_number":108,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"b866078d-6a32-4f56-9116-66ae77eb105b","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":108,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"1b4fcebc-7bca-444b-acb2-a9e1b88f64e7","block_type":"box","text":"USD 1,248","page_number":108,"box":{"x":115,"y":183,"width":80,"height":10}},{"id":"03e8ae6c-9160-47ae-aaec-077179a5fa0c","block_type":"box","text":"Bought USD, Sold GBP 944 for settlement on 24/07/2026","page_number":108,"box":{"x":230,"y":183,"width":425,"height":11}},{"id":"cab5511c-dd1a-4cdd-91cb-ed8f763a4c0d","block_type":"box","text":"(10)","page_number":108,"box":{"x":771,"y":183,"width":29,"height":11}},{"id":"8774383a-9e24-4618-82e8-d7a049bbda10","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":188,"width":9,"height":1}},{"id":"6693a152-0694-4995-bd6d-de256176c4b1","block_type":"box","text":"HKD 541,441","page_number":108,"box":{"x":96,"y":198,"width":97,"height":11}},{"id":"53d6f034-2d0f-4b44-9647-84b796bba142","block_type":"box","text":"Bought HKD, Sold GBP 52,118 for settlement on","page_number":108,"box":{"x":230,"y":198,"width":364,"height":11}},{"id":"afb32a31-1b3e-452b-b87e-3c600f918254","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":212,"width":83,"height":9}},{"id":"8d8fe98b-2a68-4b01-94fc-cb4f2d0de380","block_type":"box","text":"(414)","page_number":108,"box":{"x":762,"y":212,"width":38,"height":12}},{"id":"aac152d9-d5a1-404b-a726-4a8eb355d8a4","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":218,"width":9,"height":0}},{"id":"83df5e56-6b7a-448f-976b-3e0bef9293b8","block_type":"box","text":"EUR 180,762","page_number":108,"box":{"x":96,"y":228,"width":99,"height":10}},{"id":"db14552a-4123-4ac4-82ac-81727c37e31b","block_type":"box","text":"Bought EUR, Sold GBP 156,907 for settlement on","page_number":108,"box":{"x":230,"y":228,"width":375,"height":11}},{"id":"cac43c85-bfee-4b27-bf15-0308d6a8df83","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":242,"width":83,"height":9}},{"id":"20ee8299-bdb3-4c90-87b1-ea0169b1be25","block_type":"box","text":"(1,977)","page_number":108,"box":{"x":748,"y":242,"width":52,"height":11}},{"id":"b5593359-2f8e-426b-bd2b-7bdac834ed26","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"87bed562-10cd-4aff-bf81-47f4103564e2","block_type":"box","text":"EUR 1,113","page_number":108,"box":{"x":116,"y":257,"width":79,"height":11}},{"id":"9d092630-3969-49cf-a62c-5ef0a116821d","block_type":"box","text":"Bought EUR, Sold GBP 960 for settlement on 24/07/2026","page_number":108,"box":{"x":230,"y":257,"width":425,"height":12}},{"id":"d5851ee0-291f-40da-b86a-25fc5d8464cf","block_type":"box","text":"(6)","page_number":108,"box":{"x":781,"y":257,"width":19,"height":12}},{"id":"1ef73440-abc5-44ab-a962-82777cb56ffa","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"cdb48b17-f40c-4cdb-9156-2600ef05d4ae","block_type":"box","text":"EUR 1,074","page_number":108,"box":{"x":115,"y":273,"width":80,"height":10}},{"id":"664ac0dc-cb52-46db-a6a7-71d9cb22e8c1","block_type":"box","text":"Bought EUR, Sold GBP 927 for settlement on 24/07/2026","page_number":108,"box":{"x":230,"y":273,"width":425,"height":11}},{"id":"85af4634-b7b5-4880-b18c-961be53fef17","block_type":"box","text":"(6)","page_number":108,"box":{"x":781,"y":273,"width":19,"height":11}},{"id":"e8a9ff43-fc7a-4213-9b2f-37e4e25326ba","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":278,"width":9,"height":1}},{"id":"56f1aefc-9a36-4f9b-8bd8-700e5c1d28ef","block_type":"box","text":"EUR 24,627","page_number":108,"box":{"x":105,"y":288,"width":90,"height":10}},{"id":"e0778484-a543-48ef-baed-6192019c253d","block_type":"box","text":"Bought EUR, Sold GBP 21,377 for settlement on","page_number":108,"box":{"x":230,"y":288,"width":365,"height":11}},{"id":"ed666b4d-7567-45c9-be77-6763b3d48212","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":302,"width":83,"height":9}},{"id":"7b737189-8a52-478a-a523-a040d958b355","block_type":"box","text":"(269)","page_number":108,"box":{"x":762,"y":302,"width":38,"height":12}},{"id":"31a446fc-b5b4-436c-8891-b4eeaac52f83","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":308,"width":9,"height":0}},{"id":"29347946-1799-4f47-bca1-c47cc8047ea7","block_type":"box","text":"JPY 508,040","page_number":108,"box":{"x":100,"y":318,"width":95,"height":10}},{"id":"a6a67d40-f4f5-4c80-8e3b-4802b14f5328","block_type":"box","text":"Bought JPY, Sold GBP 2,390 for settlement on","page_number":108,"box":{"x":230,"y":318,"width":349,"height":11}},{"id":"937e853d-7e21-47ec-8481-ff57fd72b78f","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":332,"width":83,"height":9}},{"id":"51918550-7e77-406f-b385-6ee62d84b16d","block_type":"box","text":"(30)","page_number":108,"box":{"x":771,"y":332,"width":29,"height":11}},{"id":"c4b01a1a-5987-4a5d-8b66-94c708333d4a","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"3476c248-abe6-43e3-aee3-e7293a8cccba","block_type":"box","text":"HKD 26,370","page_number":108,"box":{"x":105,"y":347,"width":90,"height":11}},{"id":"b7484b3a-d968-4e2d-a1eb-a8071395f4c3","block_type":"box","text":"Bought HKD, Sold GBP 2,538 for settlement on","page_number":108,"box":{"x":230,"y":347,"width":356,"height":12}},{"id":"307b7bae-aa70-4ae9-954a-f4e16e3dae65","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":362,"width":83,"height":8}},{"id":"a3c0ff7a-16a5-4544-8d69-9e4788ae37a8","block_type":"box","text":"(20)","page_number":108,"box":{"x":771,"y":362,"width":29,"height":11}},{"id":"a68ddf0e-6e33-43fb-a392-ff448996db7e","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"338ddde0-f0a5-45de-903d-379335c6116c","block_type":"box","text":"HKD 49,681","page_number":108,"box":{"x":105,"y":377,"width":88,"height":10}},{"id":"fce61d65-644f-4cf3-b0dd-3ba7180d515f","block_type":"box","text":"Bought HKD, Sold GBP 4,798 for settlement on","page_number":108,"box":{"x":230,"y":377,"width":356,"height":11}},{"id":"9c49ef7c-e717-4889-b53d-84b58d05ea38","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":391,"width":83,"height":9}},{"id":"276aead4-5f2d-48b0-8403-309967b98418","block_type":"box","text":"(53)","page_number":108,"box":{"x":771,"y":391,"width":29,"height":11}},{"id":"e751ef35-fd83-4e0d-b5d4-d1b2151f63dd","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"9cc7df8c-d05f-44f4-8bd4-15150eee7967","block_type":"box","text":"HKD 36,356","page_number":108,"box":{"x":105,"y":407,"width":90,"height":10}},{"id":"d3f6f460-9055-4f71-82e5-97ac135e3ffb","block_type":"box","text":"Bought HKD, Sold GBP 3,528 for settlement on","page_number":108,"box":{"x":230,"y":407,"width":356,"height":11}},{"id":"b7567309-01bf-495d-a415-fa26523079a0","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"6b1b5b76-8090-4c87-aaed-9e5d58047bc7","block_type":"box","text":"(57)","page_number":108,"box":{"x":771,"y":421,"width":29,"height":11}},{"id":"087bc965-a2fa-438e-adff-86d24477da31","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"d945c0d3-ff36-4a5e-8ae9-36bb73d2f609","block_type":"box","text":"EUR 23,063","page_number":108,"box":{"x":105,"y":436,"width":90,"height":11}},{"id":"8e95d60f-8ae0-44a0-81e9-e333e27ddd59","block_type":"box","text":"Bought EUR, Sold GBP 19,895 for settlement on","page_number":108,"box":{"x":230,"y":436,"width":365,"height":11}},{"id":"bde6e54c-40f1-47f7-ba58-f423d85f3aef","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"5a4b3cc5-eca0-4719-a4c0-464681c7295b","block_type":"box","text":"(128)","page_number":108,"box":{"x":762,"y":450,"width":38,"height":12}},{"id":"933717d0-44f2-4159-aacf-c4c87085824d","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"98197e40-69d5-4cd9-a9d2-06824e42874e","block_type":"box","text":"CHF 49,014","page_number":108,"box":{"x":106,"y":466,"width":89,"height":10}},{"id":"620714ea-82d6-46df-8f81-fb9e7edf5026","block_type":"box","text":"Bought CHF, Sold GBP 46,050 for settlement on","page_number":108,"box":{"x":230,"y":466,"width":363,"height":11}},{"id":"91782d05-71fa-4005-9c0e-7f4efdaeb373","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":480,"width":83,"height":9}},{"id":"65bca834-0a5f-4512-a0de-d28b728044a2","block_type":"box","text":"(309)","page_number":108,"box":{"x":762,"y":480,"width":38,"height":11}},{"id":"06240ad9-e7fd-494a-a375-61eeddf95dd9","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":485,"width":9,"height":1}},{"id":"0a3fc010-355d-4c37-bd67-76d694eebaff","block_type":"box","text":"AUD 5,233","page_number":108,"box":{"x":113,"y":495,"width":82,"height":11}},{"id":"a86ac268-d5b5-4b30-befe-73eb67f47e85","block_type":"box","text":"Bought AUD, Sold GBP 2,734 for settlement on","page_number":108,"box":{"x":230,"y":495,"width":355,"height":12}},{"id":"f16e5a2e-8136-4775-a099-62a16ca0aef7","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":510,"width":83,"height":9}},{"id":"89ef7fe1-684c-44ce-a71f-0119437934eb","block_type":"box","text":"(17)","page_number":108,"box":{"x":771,"y":510,"width":29,"height":11}},{"id":"a085096d-e2b1-474d-98b3-5453720bd69a","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":515,"width":9,"height":1}},{"id":"884f96fb-de0c-4338-acb6-ac8fe37ebf76","block_type":"box","text":"AUD 3,479","page_number":108,"box":{"x":113,"y":525,"width":82,"height":10}},{"id":"023541f4-b5e7-4873-8c7b-8ee821c60fec","block_type":"box","text":"Bought AUD, Sold GBP 1,827 for settlement on","page_number":108,"box":{"x":230,"y":525,"width":355,"height":11}},{"id":"68e38810-227c-4989-ae3c-575021aa1502","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":539,"width":83,"height":9}},{"id":"18fd64a7-e44c-4436-ad63-10d3ce71c5b2","block_type":"box","text":"(20)","page_number":108,"box":{"x":771,"y":539,"width":29,"height":12}},{"id":"28375727-1a1a-4656-bf70-8a5f554a0d3a","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":544,"width":9,"height":1}},{"id":"fa45c46b-5487-418d-bb72-f19fd3043f9d","block_type":"box","text":"AUD 7,252","page_number":108,"box":{"x":113,"y":555,"width":82,"height":10}},{"id":"6d60b2d0-81fd-4f7b-a07a-b9e503df69a3","block_type":"box","text":"Bought AUD, Sold GBP 3,831 for settlement on","page_number":108,"box":{"x":230,"y":555,"width":355,"height":11}},{"id":"1a476619-d439-46da-a85d-5a2581e31746","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":569,"width":83,"height":9}},{"id":"4d718a51-1cd1-4922-af41-4934d86ff6bf","block_type":"box","text":"(67)","page_number":108,"box":{"x":771,"y":569,"width":29,"height":11}},{"id":"079dabd4-e4e7-403f-a4d1-0cf16fce23b2","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":574,"width":9,"height":1}},{"id":"9d0a838c-f8d7-429d-aef3-5e4b735e089c","block_type":"box","text":"USD 87,385","page_number":108,"box":{"x":105,"y":584,"width":90,"height":11}},{"id":"111daff5-bbcd-4b41-8574-47ac1a6805e7","block_type":"box","text":"Bought USD, Sold GBP 65,351 for settlement on","page_number":108,"box":{"x":230,"y":584,"width":365,"height":11}},{"id":"fd60d8c4-fba8-48de-9d8e-e0e6c325b4e5","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":598,"width":83,"height":9}},{"id":"fe6bba43-47ce-41ec-ab16-d762e02d2094","block_type":"box","text":"70","page_number":108,"box":{"x":782,"y":599,"width":17,"height":8}},{"id":"d93400db-fd9a-4efe-a7e3-969d3a536714","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":604,"width":9,"height":1}},{"id":"d5894713-4755-4f7a-aed8-bd241dc4a04e","block_type":"box","text":"USD 190,758","page_number":108,"box":{"x":96,"y":614,"width":99,"height":10}},{"id":"3ca4f360-f5d3-4855-9cc8-4068e347a4bc","block_type":"box","text":"Bought USD, Sold GBP 144,344 for settlement on","page_number":108,"box":{"x":230,"y":614,"width":375,"height":11}},{"id":"94683abf-2f01-46f5-b7d2-f4147dc9f0bf","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":628,"width":83,"height":9}},{"id":"eaff4e3b-950b-4d81-8b04-dfe1bae894c9","block_type":"box","text":"(1,534)","page_number":108,"box":{"x":748,"y":628,"width":52,"height":11}},{"id":"6f26e3ed-faa7-40f2-a209-ccc53783ae3e","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":633,"width":9,"height":1}},{"id":"229e31b1-dc4c-4ccb-b37b-f132bae5a45a","block_type":"box","text":"EUR 7,893","page_number":108,"box":{"x":115,"y":644,"width":80,"height":10}},{"id":"c3b54423-18be-4350-9972-0755ba1455c9","block_type":"box","text":"Bought EUR, Sold GBP 6,809 for settlement on","page_number":108,"box":{"x":230,"y":643,"width":356,"height":12}},{"id":"4e471761-5b93-46be-afe5-44a43deebb5c","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":658,"width":83,"height":9}},{"id":"e25038a9-a3b7-41c2-8015-bc02bd5b2429","block_type":"box","text":"(44)","page_number":108,"box":{"x":771,"y":658,"width":29,"height":11}},{"id":"e4e1cec2-b5bc-40bf-bae3-443db416830b","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":663,"width":9,"height":1}},{"id":"b99c1634-f5ea-4dc9-88ec-c88a411d9c45","block_type":"box","text":"EUR 8,183","page_number":108,"box":{"x":115,"y":673,"width":80,"height":11}},{"id":"a6dd4812-4eaf-41f6-b8fb-352900165ab5","block_type":"box","text":"Bought EUR, Sold GBP 7,055 for settlement on","page_number":108,"box":{"x":230,"y":673,"width":356,"height":11}},{"id":"e8c13a05-1215-41f4-9bf2-8b24649f7969","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":687,"width":83,"height":9}},{"id":"813f8901-d710-42fe-a17b-68fee2c0aae1","block_type":"box","text":"(42)","page_number":108,"box":{"x":771,"y":687,"width":29,"height":12}},{"id":"71bd77bf-d3d4-44ad-84b2-bf1a6fa14b91","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":693,"width":9,"height":0}},{"id":"851e9795-1b5b-442d-92a9-adeafd2d5e30","block_type":"box","text":"AUD 2,609","page_number":108,"box":{"x":113,"y":703,"width":82,"height":10}},{"id":"d80f3cdd-9939-4eb9-8189-2d6df27ff3cd","block_type":"box","text":"Bought AUD, Sold GBP 1,379 for settlement on","page_number":108,"box":{"x":230,"y":703,"width":349,"height":11}},{"id":"fecd0184-c046-4a23-b3ed-fc865ab8e011","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":717,"width":83,"height":9}},{"id":"b8491f9e-41e5-497d-bc33-de2690fbdae9","block_type":"box","text":"(24)","page_number":108,"box":{"x":771,"y":717,"width":29,"height":11}},{"id":"fca02b3a-a104-4007-9c4a-d11533cb5696","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":722,"width":9,"height":1}},{"id":"16e00366-90b7-47c0-a519-b726e33f54e6","block_type":"box","text":"AUD 1,251","page_number":108,"box":{"x":113,"y":732,"width":80,"height":11}},{"id":"4818f598-17ee-4d04-a578-3e0697ad6256","block_type":"box","text":"Bought AUD, Sold GBP 657 for settlement on 24/07/2026","page_number":108,"box":{"x":230,"y":732,"width":424,"height":12}},{"id":"7eff58db-304d-451a-825a-0d0e5ba37b7f","block_type":"box","text":"(7)","page_number":108,"box":{"x":781,"y":732,"width":19,"height":12}},{"id":"71e1b011-f8b3-41d2-922d-4b516080a479","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":738,"width":9,"height":0}},{"id":"39ac4fc2-ee6b-49b2-83c7-3fed4a0e68c5","block_type":"box","text":"AUD 14,827","page_number":108,"box":{"x":104,"y":748,"width":91,"height":10}},{"id":"2a84a1e1-95bb-4310-bc67-2becda5c8db4","block_type":"box","text":"Bought AUD, Sold GBP 7,705 for settlement on","page_number":108,"box":{"x":230,"y":748,"width":349,"height":11}},{"id":"3d301d04-9789-4c8a-b425-8537ea2cd051","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":762,"width":83,"height":9}},{"id":"12262625-e6f5-4ca7-b76c-6944819f561c","block_type":"box","text":"(3)","page_number":108,"box":{"x":781,"y":762,"width":19,"height":11}},{"id":"04aaf089-c7a8-44d2-9269-2c0c7bf5714a","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":767,"width":9,"height":1}},{"id":"e0c2aa7e-2593-488d-b8b1-534be90b8d7b","block_type":"box","text":"AUD 2","page_number":108,"box":{"x":146,"y":777,"width":49,"height":9}},{"id":"ba99eb19-186c-4666-974a-b8588fa16343","block_type":"box","text":"Bought AUD, Sold GBP 1 for settlement on 24/07/2026","page_number":108,"box":{"x":230,"y":777,"width":406,"height":12}},{"id":"8203d1a2-1c9a-45ed-835c-b0b9288f2d04","block_type":"box","text":"–","page_number":108,"box":{"x":791,"y":783,"width":9,"height":0}},{"id":"8285dd0f-0518-46b6-b596-9fe505462ebc","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":783,"width":9,"height":0}},{"id":"5b2bbc0c-5b21-4013-8afb-130001940de3","block_type":"box","text":"AUD 549","page_number":108,"box":{"x":127,"y":793,"width":68,"height":9}},{"id":"dc826b65-2036-4f08-ab6a-e4ca56a2c101","block_type":"box","text":"Bought AUD, Sold GBP 285 for settlement on 24/07/2026","page_number":108,"box":{"x":230,"y":793,"width":424,"height":11}},{"id":"5840cf9b-6f00-4611-aa99-462cd7ebf96b","block_type":"box","text":"–","page_number":108,"box":{"x":791,"y":798,"width":9,"height":1}},{"id":"df779853-a1c4-4b0f-b8a8-6eadb56bb937","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":798,"width":9,"height":1}},{"id":"81d401dc-5ac8-4f06-a9c2-248385ad973d","block_type":"box","text":"EUR 1,339","page_number":108,"box":{"x":115,"y":808,"width":80,"height":10}},{"id":"f12e475f-4184-4619-a39e-ed1d172cea34","block_type":"box","text":"Bought EUR, Sold GBP 1,154 for settlement on","page_number":108,"box":{"x":230,"y":808,"width":350,"height":11}},{"id":"10e81447-09db-44b9-b406-eea57eb7ed64","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":822,"width":83,"height":9}},{"id":"1486f7e3-45b5-4ca4-a89b-ff5d99d870f7","block_type":"box","text":"(7)","page_number":108,"box":{"x":781,"y":822,"width":19,"height":12}},{"id":"3bb46715-3e97-4d5b-b7b0-318ef278e6ed","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":828,"width":9,"height":0}},{"id":"b1e7ca37-8316-4bd1-b49a-f4f787fa89f5","block_type":"box","text":"EUR 1,291","page_number":108,"box":{"x":115,"y":838,"width":78,"height":10}},{"id":"8f777092-b1a2-42c8-946a-63db0aefcc86","block_type":"box","text":"Bought EUR, Sold GBP 1,114 for settlement on","page_number":108,"box":{"x":230,"y":838,"width":349,"height":11}},{"id":"538dab1b-2746-4cfb-b3a1-1ef327cbc255","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":852,"width":83,"height":9}},{"id":"68bbff8a-41ac-4f0b-ac1b-70cb62e4c277","block_type":"box","text":"(7)","page_number":108,"box":{"x":781,"y":852,"width":19,"height":11}},{"id":"4cca1373-68ea-4881-afd1-bd16e56e897b","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":857,"width":9,"height":1}},{"id":"3fb19bc4-82ca-4176-804a-fa4586e3ae87","block_type":"box","text":"EUR 29,542","page_number":108,"box":{"x":105,"y":867,"width":90,"height":11}},{"id":"9b75b4d5-450b-467b-b8dc-52218db65e23","block_type":"box","text":"Bought EUR, Sold GBP 25,643 for settlement on","page_number":108,"box":{"x":230,"y":867,"width":365,"height":12}},{"id":"9aaade43-8fc9-4fdf-9ee3-48c1859a0105","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":882,"width":83,"height":8}},{"id":"928e79c9-a24b-482c-9686-cca518dc9b48","block_type":"box","text":"(323)","page_number":108,"box":{"x":762,"y":882,"width":38,"height":11}},{"id":"a48aa8bc-2155-4fb6-aef3-fdb5cfbeb550","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":887,"width":9,"height":1}},{"id":"096abfcb-8988-4309-a92c-455ef5d41e14","block_type":"box","text":"EUR 1,910","page_number":108,"box":{"x":115,"y":897,"width":80,"height":10}},{"id":"b078cdfc-7280-4218-9ca8-35151ff71e72","block_type":"box","text":"Bought EUR, Sold GBP 1,647 for settlement on","page_number":108,"box":{"x":230,"y":897,"width":356,"height":11}},{"id":"d2d1b476-0104-4aea-a626-c63cfe1352cb","block_type":"box","text":"24/07/2026","page_number":108,"box":{"x":229,"y":911,"width":83,"height":9}},{"id":"f3ede787-5e5c-4045-bc8c-9085990de69c","block_type":"box","text":"(10)","page_number":108,"box":{"x":771,"y":911,"width":29,"height":11}},{"id":"96c67ec6-4828-47d6-ac4c-2924318dc9f9","block_type":"box","text":"–","page_number":108,"box":{"x":948,"y":916,"width":9,"height":1}},{"id":"28fa7d35-6dd0-4a2a-b911-b8b2dd626cdb","block_type":"box","text":"108","page_number":109,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"dc7a38d7-7e39-4832-b464-7c94831b9368","block_type":"box","text":"109","page_number":109,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"a30939a7-cc69-4f15-a37b-aea9a3cb50b6","block_type":"box","text":"SARASIN Global Dividend","page_number":109,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"b3ca9a07-db11-46d3-bf6b-4d44f723d684","block_type":"box","text":"Portfolio Statement (continued)","page_number":109,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"36a3b298-887d-4e3a-8207-265e90014872","block_type":"box","text":"Holding","page_number":109,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"74d0dc61-1c38-4083-bb02-5e645facc406","block_type":"box","text":"Investment","page_number":109,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"1a70e97c-a8a0-4f63-9e2d-0a44474d5ae6","block_type":"box","text":"Market","page_number":109,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"ef3b9b06-1b31-48c0-8dfd-e0154971604a","block_type":"box","text":"Value","page_number":109,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"11a5d636-b0b7-458d-9dbe-5d42c82885a6","block_type":"box","text":"£","page_number":109,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"c6c2d3a5-9962-4a72-b60b-fbf65aa14add","block_type":"box","text":"% of","page_number":109,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"2d4b40fb-8685-46c9-9cf9-b6b9b39bc05a","block_type":"box","text":"Net Assets","page_number":109,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"337c14e6-4803-458c-a702-3e209f57fb6e","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":109,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"1eeea682-f551-4ecb-a2d5-4475db6a6b9a","block_type":"box","text":"USD 2,125","page_number":109,"box":{"x":115,"y":183,"width":80,"height":10}},{"id":"62682be9-dbf8-496c-bc6b-4bf77b6483c9","block_type":"box","text":"Bought USD, Sold GBP 1,607 for settlement on","page_number":109,"box":{"x":230,"y":183,"width":356,"height":11}},{"id":"422b7fd6-8505-45b0-926b-4ba7a458a2f2","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"be8b1679-6167-43a1-a7eb-f8573844b5a3","block_type":"box","text":"(16)","page_number":109,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"37d2ae95-3c61-48b2-b987-e6f94f5b86ae","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"55a0feb3-46a4-45ec-9d0f-66c6b48a3a34","block_type":"box","text":"EUR 1,842","page_number":109,"box":{"x":115,"y":212,"width":80,"height":11}},{"id":"6127ac8a-85da-4671-9cb9-9ef0d4ab703e","block_type":"box","text":"Bought EUR, Sold GBP 1,589 for settlement on","page_number":109,"box":{"x":230,"y":212,"width":356,"height":12}},{"id":"16802af2-26dc-4ec1-bfe8-127d7e34d447","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"bca42260-b501-4e98-9788-f27b10580383","block_type":"box","text":"(10)","page_number":109,"box":{"x":771,"y":227,"width":29,"height":11}},{"id":"dafe5b1f-54d8-4a3a-bd0e-97d53365caa7","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"081f62c5-92d5-4406-8025-e13b80eda082","block_type":"box","text":"JPY 183,435","page_number":109,"box":{"x":100,"y":242,"width":95,"height":10}},{"id":"4b4215e5-24f1-40d1-89eb-61e9a76945b5","block_type":"box","text":"Bought JPY, Sold GBP 863 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":242,"width":419,"height":11}},{"id":"d2d96c8f-3d86-4166-816e-a461a3a7cd1d","block_type":"box","text":"(11)","page_number":109,"box":{"x":773,"y":242,"width":27,"height":11}},{"id":"85383560-63fe-4c21-9cd9-b1d383cc0bb5","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"d1153fc8-eb70-4ae3-8a1c-d84f3f67824a","block_type":"box","text":"HKD 9,517","page_number":109,"box":{"x":115,"y":257,"width":80,"height":11}},{"id":"648a6057-4eb9-46fe-88d1-ec62ff6f5536","block_type":"box","text":"Bought HKD, Sold GBP 916 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":257,"width":425,"height":12}},{"id":"d1fdd62c-6111-42fd-876e-633d45895089","block_type":"box","text":"(7)","page_number":109,"box":{"x":781,"y":257,"width":19,"height":12}},{"id":"a2d2a3bc-ec52-4b35-8dbd-6fdc927e15a7","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"37114cf8-ec4e-41a2-b1ec-37bd2a139aae","block_type":"box","text":"HKD 17,872","page_number":109,"box":{"x":105,"y":273,"width":90,"height":10}},{"id":"15c56d38-91c4-463a-96a6-639f91118314","block_type":"box","text":"Bought HKD, Sold GBP 1,726 for settlement on","page_number":109,"box":{"x":230,"y":273,"width":356,"height":11}},{"id":"1adee986-79d5-4e3d-897b-c96b91bd4f3e","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"2d556805-bc92-46d6-a8e3-55cc65597e5f","block_type":"box","text":"(19)","page_number":109,"box":{"x":771,"y":287,"width":29,"height":11}},{"id":"d0c50a9a-1c78-46ed-8626-f0c1184fc3bb","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"e808e68e-7e71-4fbb-9418-01e0e13f6379","block_type":"box","text":"HKD 13,144","page_number":109,"box":{"x":105,"y":302,"width":90,"height":11}},{"id":"835e14c2-5230-4ca6-8e6f-50328382e778","block_type":"box","text":"Bought HKD, Sold GBP 1,276 for settlement on","page_number":109,"box":{"x":230,"y":302,"width":356,"height":12}},{"id":"ecc1e0b2-b6c6-47c2-8ddc-12f53e41b5a0","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":317,"width":83,"height":8}},{"id":"5202fea6-1e09-47ac-9b53-52a4d6e3b775","block_type":"box","text":"(20)","page_number":109,"box":{"x":771,"y":317,"width":29,"height":11}},{"id":"bb8f4305-393b-410f-b019-914394d71c95","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"d3f47f08-5e6e-4937-8a0a-448b3180f77f","block_type":"box","text":"EUR 8,359","page_number":109,"box":{"x":115,"y":332,"width":80,"height":10}},{"id":"62aba650-9b19-43a2-b297-c0738be38d14","block_type":"box","text":"Bought EUR, Sold GBP 7,211 for settlement on","page_number":109,"box":{"x":230,"y":332,"width":355,"height":11}},{"id":"d9bb77b1-b935-4361-8676-fb25f3dda219","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":346,"width":83,"height":9}},{"id":"b961c012-1a74-4709-a937-d5f8f09d897e","block_type":"box","text":"(46)","page_number":109,"box":{"x":771,"y":346,"width":29,"height":11}},{"id":"6ea1506e-5257-4147-a11f-9b84f2d8b794","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"c216cb2c-08c0-4c21-affc-abd2efd5eb2a","block_type":"box","text":"CHF 17,603","page_number":109,"box":{"x":106,"y":362,"width":89,"height":10}},{"id":"35150898-6dd5-4bb9-b91d-cd1944a7c58c","block_type":"box","text":"Bought CHF, Sold GBP 16,538 for settlement on","page_number":109,"box":{"x":230,"y":362,"width":363,"height":11}},{"id":"7acb9419-38cb-4908-ae67-e00d74571ceb","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":376,"width":83,"height":9}},{"id":"69030319-41fa-49a6-ae5c-e5bdd07130cd","block_type":"box","text":"(111)","page_number":109,"box":{"x":764,"y":376,"width":36,"height":11}},{"id":"0b532536-7a3c-47ad-9fc2-6f041d37abab","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":381,"width":9,"height":1}},{"id":"2f6fe521-75a8-49a3-8ac3-bea7013df0cd","block_type":"box","text":"AUD 1,884","page_number":109,"box":{"x":113,"y":391,"width":82,"height":11}},{"id":"09faf974-60f2-4253-938a-eed0b347b4f4","block_type":"box","text":"Bought AUD, Sold GBP 984 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":391,"width":424,"height":11}},{"id":"fb33f3c5-a478-4414-bfd5-e2455874467b","block_type":"box","text":"(6)","page_number":109,"box":{"x":781,"y":391,"width":19,"height":11}},{"id":"dffdceef-c37f-40c0-a4e1-c4b110a11d6c","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":396,"width":9,"height":1}},{"id":"6f0f67f1-d41d-477c-88ba-d050e9b095d2","block_type":"box","text":"EUR 42,141","page_number":109,"box":{"x":105,"y":407,"width":88,"height":10}},{"id":"b5e0f6a6-b860-42a5-80a8-06807aa99433","block_type":"box","text":"Bought EUR, Sold GBP 36,580 for settlement on","page_number":109,"box":{"x":230,"y":407,"width":365,"height":11}},{"id":"cdeb71ce-adc5-4d2a-9b18-8c31d3027439","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":421,"width":83,"height":9}},{"id":"f422a3c0-c5da-47ff-807f-41bc5d270636","block_type":"box","text":"(461)","page_number":109,"box":{"x":762,"y":421,"width":38,"height":11}},{"id":"8e95e906-3e5d-4725-ae64-09f531dc2995","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":426,"width":9,"height":1}},{"id":"057bee64-70e4-4177-b911-0d816a8041e0","block_type":"box","text":"USD 135,687","page_number":109,"box":{"x":96,"y":436,"width":99,"height":11}},{"id":"5fc3107e-4593-4db8-b6e4-07a4464c42dc","block_type":"box","text":"Bought USD, Sold GBP 102,890 for settlement on","page_number":109,"box":{"x":230,"y":436,"width":375,"height":11}},{"id":"eb18123e-05a1-47a1-ab0a-417ec001864d","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":450,"width":83,"height":9}},{"id":"9d969b6d-cfec-4795-b05e-8c939a15950b","block_type":"box","text":"(1,309)","page_number":109,"box":{"x":748,"y":450,"width":52,"height":12}},{"id":"20642be6-5349-4e58-93f7-3effb9ab3d9c","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":456,"width":9,"height":1}},{"id":"47f61679-9e14-4f3f-92e2-bbdd4edc3dc8","block_type":"box","text":"JPY 17,115","page_number":109,"box":{"x":111,"y":466,"width":84,"height":10}},{"id":"901c4bd2-48ed-4bea-8008-2b0de11179df","block_type":"box","text":"Bought JPY, Sold GBP 80 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":466,"width":409,"height":11}},{"id":"024b1fc1-7e59-4bb5-9623-3c6d1c726802","block_type":"box","text":"(1)","page_number":109,"box":{"x":781,"y":466,"width":19,"height":11}},{"id":"6268cb3f-12ea-4b06-8f62-e92221f926bf","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":471,"width":9,"height":1}},{"id":"643a4532-1ec7-4772-83a7-a9ea6060cb1d","block_type":"box","text":"JPY 710,707","page_number":109,"box":{"x":100,"y":481,"width":95,"height":11}},{"id":"fb81244c-a652-4f08-a6ba-d8e5825425b8","block_type":"box","text":"Bought JPY, Sold GBP 3,309 for settlement on","page_number":109,"box":{"x":230,"y":481,"width":349,"height":11}},{"id":"0e9cc786-70ad-46ba-8dfb-895805e83a4d","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":495,"width":83,"height":9}},{"id":"3033c9a5-d316-4959-97be-2e47afc2669c","block_type":"box","text":"(6)","page_number":109,"box":{"x":781,"y":495,"width":19,"height":12}},{"id":"f4b3a443-90c0-470d-a023-251e5dd38b93","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":501,"width":9,"height":0}},{"id":"59caba3f-8a20-43c5-8408-9dc54bc65f84","block_type":"box","text":"JPY 10,455,895","page_number":109,"box":{"x":77,"y":511,"width":118,"height":10}},{"id":"9f47f7a8-d3b0-4e51-9950-afee951f22e0","block_type":"box","text":"Bought JPY, Sold GBP 49,196 for settlement on","page_number":109,"box":{"x":230,"y":511,"width":359,"height":11}},{"id":"0f39ebe5-d294-4d39-a523-a93fec9e01e2","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":525,"width":83,"height":9}},{"id":"3b0e8ea6-a63e-4031-a349-fbca672750a5","block_type":"box","text":"(613)","page_number":109,"box":{"x":762,"y":525,"width":38,"height":11}},{"id":"15b9930f-13ca-40db-ad4b-80379c38e4c2","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":530,"width":9,"height":1}},{"id":"310cd0d3-e721-4549-a193-487e582f1278","block_type":"box","text":"JPY 1,577,341","page_number":109,"box":{"x":86,"y":540,"width":107,"height":11}},{"id":"fbd37906-7c13-4210-ac80-dd1cfb6c0f14","block_type":"box","text":"Bought JPY, Sold GBP 7,359 for settlement on","page_number":109,"box":{"x":230,"y":540,"width":349,"height":12}},{"id":"64ec5711-dc55-483e-a442-e006fe49eb8a","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":555,"width":83,"height":9}},{"id":"58cb5134-d9de-41b0-8525-2a0fd0ae4c58","block_type":"box","text":"(29)","page_number":109,"box":{"x":771,"y":555,"width":29,"height":11}},{"id":"624deab6-ab37-4ea3-b179-b1d0527ee9bb","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":560,"width":9,"height":1}},{"id":"578d5427-445a-4fa8-ad28-870304c067cb","block_type":"box","text":"JPY 1,083,397","page_number":109,"box":{"x":86,"y":570,"width":109,"height":10}},{"id":"8a2f2cd2-3cf3-488a-a2f5-ae9e82439024","block_type":"box","text":"Bought JPY, Sold GBP 5,091 for settlement on","page_number":109,"box":{"x":230,"y":570,"width":349,"height":11}},{"id":"564d344c-2f13-4cc4-ac6d-720f51c19b40","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":584,"width":83,"height":9}},{"id":"883c6632-8ef3-4479-8ffb-4e6ac34dcd53","block_type":"box","text":"(57)","page_number":109,"box":{"x":771,"y":584,"width":29,"height":11}},{"id":"1850f802-565a-4889-8c36-55de06b62b86","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":589,"width":9,"height":1}},{"id":"fc101b76-674e-4b9b-ab29-7e242f7afbb5","block_type":"box","text":"HKD 47,327","page_number":109,"box":{"x":105,"y":600,"width":90,"height":10}},{"id":"d6cd7a03-adeb-41da-8d99-5f628cf7f69c","block_type":"box","text":"Bought HKD, Sold GBP 4,516 for settlement on","page_number":109,"box":{"x":230,"y":600,"width":356,"height":11}},{"id":"bc875262-c41f-4842-9c74-775a69ca3549","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":614,"width":83,"height":9}},{"id":"e1e89e66-d651-44af-a501-650152b4c642","block_type":"box","text":"3","page_number":109,"box":{"x":792,"y":614,"width":7,"height":9}},{"id":"0ade9289-33a0-4dc5-8995-64181d522f94","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":619,"width":9,"height":1}},{"id":"4a2295b4-b9e1-4c1d-8d7c-793ec01ccbf4","block_type":"box","text":"HKD 101,857","page_number":109,"box":{"x":96,"y":629,"width":99,"height":11}},{"id":"b45efece-6fce-4b65-8134-35080b6b6140","block_type":"box","text":"Bought HKD, Sold GBP 9,837 for settlement on","page_number":109,"box":{"x":230,"y":629,"width":356,"height":11}},{"id":"a328cd59-18e8-4b32-b8c0-1d6b301967f4","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":643,"width":83,"height":9}},{"id":"7b6076b9-7376-44cc-b8f0-6b30ce5a666b","block_type":"box","text":"(110)","page_number":109,"box":{"x":763,"y":643,"width":37,"height":12}},{"id":"187da7a3-5f53-4e65-9d35-1f8d3f6e23ad","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":649,"width":9,"height":1}},{"id":"d934e74a-336d-4158-bca7-d79f526eee44","block_type":"box","text":"HKD (7,231)","page_number":109,"box":{"x":104,"y":659,"width":91,"height":11}},{"id":"4c2378a4-e761-4ea3-a6df-909caa55b379","block_type":"box","text":"Sold HKD, Bought GBP 690 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":659,"width":425,"height":11}},{"id":"2b2d142a-b3d8-4e9b-884a-1b98175f2ba0","block_type":"box","text":"(1)","page_number":109,"box":{"x":781,"y":659,"width":19,"height":11}},{"id":"937f63d2-0be0-401c-a764-a01532f9ee3f","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":664,"width":9,"height":1}},{"id":"2f1772fc-9f58-4040-9ef9-efa08712c387","block_type":"box","text":"HKD (2,266)","page_number":109,"box":{"x":104,"y":674,"width":91,"height":11}},{"id":"905bc431-88e3-4270-afb7-ccb4e9dcfb5b","block_type":"box","text":"Sold HKD, Bought GBP 219 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":674,"width":425,"height":11}},{"id":"e250217e-de69-4c86-b53d-9fdf9abc86f1","block_type":"box","text":"2","page_number":109,"box":{"x":791,"y":674,"width":8,"height":9}},{"id":"7aa26810-b2b5-4a4a-a6c5-db752d3024b2","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":679,"width":9,"height":1}},{"id":"d351e392-3e56-443f-b6d4-69a98b7a8e17","block_type":"box","text":"HKD (563)","page_number":109,"box":{"x":118,"y":690,"width":77,"height":11}},{"id":"33c1a833-923d-4630-87b8-3e135618f04e","block_type":"box","text":"Sold HKD, Bought GBP 54 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":690,"width":416,"height":11}},{"id":"1cf03bfe-4ad4-4d7e-b4cb-6d8f96fb2a12","block_type":"box","text":"1","page_number":109,"box":{"x":793,"y":690,"width":4,"height":8}},{"id":"57aca3b2-5093-4f1a-9bad-93e2a7b6b1b4","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":695,"width":9,"height":1}},{"id":"788f4b21-86ef-48eb-a7a3-b32c522de59f","block_type":"box","text":"HKD (2,446)","page_number":109,"box":{"x":104,"y":705,"width":91,"height":11}},{"id":"4917b95d-8392-4692-a50f-3b024b3166da","block_type":"box","text":"Sold HKD, Bought GBP 236 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":705,"width":425,"height":11}},{"id":"bc304d43-4736-4e73-ac31-9eecc17eba8e","block_type":"box","text":"3","page_number":109,"box":{"x":792,"y":705,"width":7,"height":9}},{"id":"09e80a0f-7d08-4d35-9a8f-5b68cc59ed9d","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":710,"width":9,"height":1}},{"id":"3cfd2fa8-8448-452f-ac1c-161def54094b","block_type":"box","text":"HKD (848)","page_number":109,"box":{"x":118,"y":720,"width":77,"height":12}},{"id":"18bbfd83-20cd-4d18-82de-21e86e9fe17e","block_type":"box","text":"Sold HKD, Bought GBP 82 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":720,"width":416,"height":12}},{"id":"463e097d-e0d0-4c73-b872-9693f96e8d50","block_type":"box","text":"1","page_number":109,"box":{"x":793,"y":721,"width":4,"height":8}},{"id":"7caa44e3-337d-4201-97b2-391518490341","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":726,"width":9,"height":0}},{"id":"09fd373e-de08-469f-a83f-4e95d70ec7ca","block_type":"box","text":"HKD (471,973)","page_number":109,"box":{"x":85,"y":736,"width":110,"height":11}},{"id":"de5a94f6-ff78-4a46-a16d-1dd13c01e77f","block_type":"box","text":"Sold HKD, Bought GBP 45,604 for settlement on","page_number":109,"box":{"x":230,"y":736,"width":360,"height":11}},{"id":"30ba1886-db3a-4bca-9961-d212476e240d","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":750,"width":83,"height":9}},{"id":"6276953c-5536-425c-9424-d2e68735bfaf","block_type":"box","text":"534","page_number":109,"box":{"x":773,"y":750,"width":26,"height":9}},{"id":"c0338478-0ff7-481a-9a55-72e0ed1aeb9f","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":755,"width":9,"height":1}},{"id":"a3642fc3-a9c4-4853-a59f-c759b7be7d35","block_type":"box","text":"HKD (27,047,424)","page_number":109,"box":{"x":62,"y":765,"width":133,"height":12}},{"id":"53bf6024-b4b3-4e27-b386-9c12a7ef9dd1","block_type":"box","text":"Sold HKD, Bought GBP 2,613,445 for settlement on","page_number":109,"box":{"x":230,"y":765,"width":383,"height":12}},{"id":"1bea81aa-0597-45a9-8d06-cd7354e679ca","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":780,"width":83,"height":8}},{"id":"63547117-ab96-48f6-bbbe-779b113d0172","block_type":"box","text":"30,583","page_number":109,"box":{"x":749,"y":780,"width":50,"height":10}},{"id":"de31b8e5-d3d0-469c-b3bf-759543a95c06","block_type":"box","text":"0.01","page_number":109,"box":{"x":925,"y":780,"width":29,"height":8}},{"id":"7a064ab3-102e-45f3-94d4-0ccc22448e72","block_type":"box","text":"HKD (949)","page_number":109,"box":{"x":118,"y":795,"width":77,"height":11}},{"id":"a9190f0f-6628-4884-be00-c2e02b8e3461","block_type":"box","text":"Sold HKD, Bought GBP 92 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":795,"width":416,"height":11}},{"id":"0918dd69-5bdf-4bd6-b372-d12cd0db2012","block_type":"box","text":"1","page_number":109,"box":{"x":793,"y":795,"width":4,"height":9}},{"id":"29604e23-e642-4bfe-8168-390c50f222df","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":800,"width":9,"height":1}},{"id":"44f46638-b2db-4123-b1e4-4c617c5bbe99","block_type":"box","text":"HKD (592,272)","page_number":109,"box":{"x":85,"y":810,"width":110,"height":12}},{"id":"887fcf79-d2f0-4364-a4fe-a589243372bf","block_type":"box","text":"Sold HKD, Bought EUR 65,910 for settlement on","page_number":109,"box":{"x":230,"y":810,"width":360,"height":12}},{"id":"065c7128-c689-46ad-b075-f5deff6cd2d2","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":825,"width":83,"height":8}},{"id":"f315e282-6ad0-4a8a-a29f-e5f4dc897345","block_type":"box","text":"(68)","page_number":109,"box":{"x":771,"y":825,"width":29,"height":11}},{"id":"c6af2567-3f0a-42aa-b6e4-4ee212e15955","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":830,"width":9,"height":1}},{"id":"fee73153-3f9c-422a-acbb-fb8a1f0bc212","block_type":"box","text":"HKD (834)","page_number":109,"box":{"x":118,"y":840,"width":77,"height":11}},{"id":"dbd8007e-f1f9-4bf9-a786-106640625e8a","block_type":"box","text":"Sold HKD, Bought GBP 81 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":840,"width":416,"height":11}},{"id":"c153e6d2-4ce6-4d7a-94d0-da4474af7a21","block_type":"box","text":"1","page_number":109,"box":{"x":793,"y":840,"width":4,"height":9}},{"id":"7054b4d5-473b-4d54-91b2-2950f252dcb9","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":845,"width":9,"height":1}},{"id":"7464d86a-1164-4aea-9485-f2e83f3e91e7","block_type":"box","text":"HKD (904)","page_number":109,"box":{"x":118,"y":855,"width":77,"height":11}},{"id":"a676d63b-0ea3-417a-98c4-d3dd36002d6b","block_type":"box","text":"Sold HKD, Bought GBP 87 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":855,"width":416,"height":11}},{"id":"b7c416d5-1865-4a5d-94d4-f699694ce6e8","block_type":"box","text":"1","page_number":109,"box":{"x":793,"y":855,"width":4,"height":9}},{"id":"ddfc52ed-2be2-4fd5-b744-c528c53184b9","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":860,"width":9,"height":1}},{"id":"a64beaea-018d-43c5-9782-618dd783bb68","block_type":"box","text":"HKD (80,692)","page_number":109,"box":{"x":94,"y":871,"width":101,"height":11}},{"id":"1ed5e064-9b62-4f7a-b8b8-7047a19013b9","block_type":"box","text":"Sold HKD, Bought EUR 8,980 for settlement on","page_number":109,"box":{"x":230,"y":871,"width":356,"height":11}},{"id":"d3eebbe7-6ea6-4ebd-9fc6-8840421ddf60","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":885,"width":83,"height":9}},{"id":"006c3000-8a28-4847-99b8-88388d4bb035","block_type":"box","text":"(9)","page_number":109,"box":{"x":781,"y":885,"width":19,"height":11}},{"id":"93d32990-97d1-4f58-9a57-61b730e70256","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":890,"width":9,"height":1}},{"id":"c296d776-1b6e-4563-85ce-4c4e317539a8","block_type":"box","text":"HKD (8,860)","page_number":109,"box":{"x":104,"y":900,"width":91,"height":11}},{"id":"3c9cb3dd-0f4a-43cf-89c7-15ed5d61f893","block_type":"box","text":"Sold HKD, Bought EUR 987 for settlement on 24/07/2026","page_number":109,"box":{"x":230,"y":900,"width":426,"height":11}},{"id":"fbfdf44c-acb4-4723-9489-2694d76f3a88","block_type":"box","text":"–","page_number":109,"box":{"x":791,"y":905,"width":9,"height":1}},{"id":"ba0d423c-de2d-4669-af15-c97943d41344","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":905,"width":9,"height":1}},{"id":"a6ccfab4-2dc9-4c45-b10d-5613c555a279","block_type":"box","text":"HKD (58,436)","page_number":109,"box":{"x":94,"y":916,"width":101,"height":11}},{"id":"020aa25a-c03a-48c2-a870-9b4b926e1063","block_type":"box","text":"Sold HKD, Bought EUR 6,513 for settlement on","page_number":109,"box":{"x":230,"y":916,"width":351,"height":11}},{"id":"84cb3b48-168f-48eb-8dca-e21b28325500","block_type":"box","text":"24/07/2026","page_number":109,"box":{"x":229,"y":930,"width":83,"height":9}},{"id":"4837c054-5c0d-4929-bdef-31134e348f6c","block_type":"box","text":"(1)","page_number":109,"box":{"x":781,"y":930,"width":19,"height":11}},{"id":"12fd2d7d-31c8-4ae3-bc61-b202bf211b34","block_type":"box","text":"–","page_number":109,"box":{"x":948,"y":935,"width":9,"height":1}},{"id":"50482c0a-6858-475c-ace3-fcbd3d3c72af","block_type":"box","text":"109","page_number":110,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"4c775515-591d-4b2f-b035-359f1c7140e2","block_type":"box","text":"SARASIN Global Dividend","page_number":110,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"47b46400-8d64-44fc-ac43-d6a7cf2c7ed8","block_type":"box","text":"Portfolio Statement (continued)","page_number":110,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"03717583-aae2-4a1d-86cf-d451228f780f","block_type":"box","text":"Holding","page_number":110,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"0dd52314-0061-4912-a777-715825500edc","block_type":"box","text":"Investment","page_number":110,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"e2476751-10d0-4ac4-8775-acb9a845abb8","block_type":"box","text":"Market","page_number":110,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"de4e6bb6-0a75-4afb-9b5a-3485430e572a","block_type":"box","text":"Value","page_number":110,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"d3eb6c6a-d1a1-4f9a-a955-7b6d40141944","block_type":"box","text":"£","page_number":110,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"3f7a2a7c-1233-4a14-8d70-f88287d95f7c","block_type":"box","text":"% of","page_number":110,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"e8b26ca3-1da5-48db-b925-768c61c21ac5","block_type":"box","text":"Net Assets","page_number":110,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"733f2f43-ba08-48da-8bde-d1e5eaf11b65","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":110,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"cf7e7dcd-5cbc-4f53-b5df-45431ad38964","block_type":"box","text":"HKD (270,251)","page_number":110,"box":{"x":85,"y":183,"width":110,"height":11}},{"id":"90ff766d-03f9-48a9-a2f0-57fad4ac0826","block_type":"box","text":"Sold HKD, Bought GBP 26,113 for settlement on","page_number":110,"box":{"x":230,"y":183,"width":364,"height":11}},{"id":"eb32a6e2-4eee-4f55-b489-0863373d33a8","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"dfb818fa-91e6-4123-b849-bdef75f50576","block_type":"box","text":"306","page_number":110,"box":{"x":773,"y":197,"width":26,"height":9}},{"id":"0fa03776-7cdd-4f7a-b43f-09821a5f09c8","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"a86f7bd4-4707-4687-9dde-b0003f5f4412","block_type":"box","text":"HKD (15,176)","page_number":110,"box":{"x":94,"y":212,"width":101,"height":12}},{"id":"d198399c-2e0c-46b0-91d6-6af58d7e878c","block_type":"box","text":"Sold HKD, Bought EUR 1,691 for settlement on","page_number":110,"box":{"x":230,"y":212,"width":356,"height":12}},{"id":"daa8a8c3-6b93-44af-a806-16fde5fbaa0a","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"73d5986b-12bb-4180-b1fd-a4a541004cb0","block_type":"box","text":"–","page_number":110,"box":{"x":791,"y":232,"width":9,"height":1}},{"id":"bd00a131-647a-43cb-af27-6a1ecc6494f5","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"51ca1d62-2063-4f59-9ffa-19ac7b4d5f8e","block_type":"box","text":"HKD (10,638)","page_number":110,"box":{"x":94,"y":242,"width":101,"height":11}},{"id":"14e114da-b871-4fdb-8e33-06606947f9be","block_type":"box","text":"Sold HKD, Bought EUR 1,186 for settlement on","page_number":110,"box":{"x":230,"y":242,"width":356,"height":11}},{"id":"ae858fe2-7095-4610-8891-985c1a34c104","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"8c5a1634-d46e-472a-a49a-55b50f02b9d4","block_type":"box","text":"–","page_number":110,"box":{"x":791,"y":261,"width":9,"height":1}},{"id":"7ef1c411-9fd9-41d2-a0e6-709f68829c15","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"2a11d823-489f-4fbc-8353-2b16ea8c1c33","block_type":"box","text":"HKD (30,122)","page_number":110,"box":{"x":94,"y":272,"width":101,"height":11}},{"id":"81d35140-dbfa-469d-a934-bca30bfe41f4","block_type":"box","text":"Sold HKD, Bought GBP 2,876 for settlement on","page_number":110,"box":{"x":230,"y":272,"width":356,"height":11}},{"id":"f273340e-8f4c-49e1-9efc-b252f0fece51","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":286,"width":83,"height":9}},{"id":"a375306e-cda4-4720-a4ad-26bf2d90c529","block_type":"box","text":"(3)","page_number":110,"box":{"x":781,"y":286,"width":19,"height":11}},{"id":"5f9c7863-d424-4bfe-8491-b8ec12212897","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"f7534c8c-00b3-4979-95e3-7cf660b646b1","block_type":"box","text":"HKD (620,255)","page_number":110,"box":{"x":85,"y":301,"width":110,"height":11}},{"id":"35fb46bb-c7a0-4c03-b1b5-0ac551890b09","block_type":"box","text":"Sold HKD, Bought GBP 59,229 for settlement on","page_number":110,"box":{"x":230,"y":301,"width":365,"height":11}},{"id":"e24f9a2b-e731-4843-96d4-bb0d3f1fa8eb","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":315,"width":83,"height":9}},{"id":"98436810-1900-4088-bf40-2682e3742187","block_type":"box","text":"(58)","page_number":110,"box":{"x":771,"y":315,"width":29,"height":12}},{"id":"69428e0e-252d-4398-9d7f-0a34f3d1b4c9","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":321,"width":9,"height":1}},{"id":"de7d0ed6-5642-4cbd-b55a-a1ee64478a9b","block_type":"box","text":"HKD (5,539,672)","page_number":110,"box":{"x":71,"y":331,"width":124,"height":11}},{"id":"9ffa4e50-a040-47c5-926b-b051c440cf1c","block_type":"box","text":"Sold HKD, Bought GBP 535,268 for settlement on","page_number":110,"box":{"x":230,"y":331,"width":375,"height":11}},{"id":"459864e8-96bc-43e1-a13e-5c122caa40df","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":345,"width":83,"height":9}},{"id":"33b3c1da-34fc-4756-a2d8-9a829fece476","block_type":"box","text":"6,264","page_number":110,"box":{"x":759,"y":345,"width":40,"height":11}},{"id":"c8e61672-3238-44b6-9464-0867143b77b7","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":350,"width":9,"height":1}},{"id":"e197df15-2d76-457c-8381-928d3b643db2","block_type":"box","text":"HKD (26,643)","page_number":110,"box":{"x":94,"y":360,"width":101,"height":12}},{"id":"b7fde844-92a6-4226-966d-d2e016fa869b","block_type":"box","text":"Sold HKD, Bought GBP 2,579 for settlement on","page_number":110,"box":{"x":230,"y":360,"width":356,"height":12}},{"id":"c0688c21-0fe5-4819-810c-96a8a87a1bdf","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":375,"width":83,"height":9}},{"id":"589be3ad-1a1d-422f-b235-1bdc310b7418","block_type":"box","text":"35","page_number":110,"box":{"x":782,"y":375,"width":17,"height":9}},{"id":"5efeda50-22b5-49f4-a918-72e5a07de049","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":380,"width":9,"height":1}},{"id":"49998efb-511f-48d1-9e73-c6ba0870c96c","block_type":"box","text":"HKD (578,104)","page_number":110,"box":{"x":85,"y":390,"width":110,"height":11}},{"id":"4163a20a-9561-4eeb-aebf-ec69882ae00b","block_type":"box","text":"Sold HKD, Bought GBP 55,204 for settlement on","page_number":110,"box":{"x":230,"y":390,"width":365,"height":11}},{"id":"d870483c-a577-42ee-bc0d-f7862af66ec2","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":404,"width":83,"height":9}},{"id":"954921ab-585b-4cea-9d45-128272118844","block_type":"box","text":"(54)","page_number":110,"box":{"x":771,"y":404,"width":29,"height":12}},{"id":"65e47ad8-7583-448b-9889-4fec7fb141ca","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":410,"width":9,"height":0}},{"id":"b23c3e0b-a80e-4c56-adfc-e7984bb219a7","block_type":"box","text":"HKD (243)","page_number":110,"box":{"x":118,"y":420,"width":77,"height":11}},{"id":"9dfbcc84-3fd3-4c9e-9123-4c3653c1f417","block_type":"box","text":"Sold HKD, Bought GBP 23 for settlement on 24/07/2026","page_number":110,"box":{"x":230,"y":420,"width":416,"height":11}},{"id":"401da240-f933-4b54-9e1f-3ea5c6321754","block_type":"box","text":"–","page_number":110,"box":{"x":791,"y":425,"width":9,"height":1}},{"id":"4377768b-9fc5-4ec9-882c-ac7d61deae06","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":425,"width":9,"height":1}},{"id":"6d304b4c-d0a8-4444-8726-47d70a53720c","block_type":"box","text":"HKD (82,197)","page_number":110,"box":{"x":94,"y":435,"width":101,"height":11}},{"id":"37cf2c38-2c06-4465-8194-2fa57f440876","block_type":"box","text":"Sold HKD, Bought GBP 7,849 for settlement on","page_number":110,"box":{"x":230,"y":435,"width":356,"height":11}},{"id":"b7f8e84a-fe75-4f5e-afa0-14eff0141d89","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":449,"width":83,"height":9}},{"id":"0eb139e7-dcbe-4dc7-a90d-e388ecefc8c0","block_type":"box","text":"(8)","page_number":110,"box":{"x":781,"y":449,"width":19,"height":12}},{"id":"7ff7f6e0-0ecc-48c2-b6bc-07c4df516255","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":455,"width":9,"height":0}},{"id":"88d34b53-cb66-48d9-8d27-fa7859fa8e43","block_type":"box","text":"HKD (7,298)","page_number":110,"box":{"x":104,"y":465,"width":91,"height":11}},{"id":"779967f3-f81a-4971-8b26-125d04f17086","block_type":"box","text":"Sold HKD, Bought GBP 697 for settlement on 24/07/2026","page_number":110,"box":{"x":230,"y":465,"width":425,"height":11}},{"id":"832b2abb-63c6-46b4-ab0b-43e613cffeef","block_type":"box","text":"(1)","page_number":110,"box":{"x":781,"y":465,"width":19,"height":11}},{"id":"ef789ce2-af4c-4aab-a859-9397033880c3","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":470,"width":9,"height":1}},{"id":"a7dc5cf6-95d5-4b76-8f6a-084595a93a7c","block_type":"box","text":"HKD (2,484,259)","page_number":110,"box":{"x":71,"y":480,"width":124,"height":11}},{"id":"44a5d2db-e5b8-4e45-b5bb-87d89351e360","block_type":"box","text":"Sold HKD, Bought GBP 237,226 for settlement on","page_number":110,"box":{"x":230,"y":480,"width":375,"height":11}},{"id":"2306acc1-3d8a-413e-b8f8-ea31e38e905c","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":494,"width":83,"height":9}},{"id":"49e02d5f-a0d9-4730-af95-5c86c1de9511","block_type":"box","text":"(231)","page_number":110,"box":{"x":762,"y":494,"width":38,"height":12}},{"id":"f3946baa-19c7-4da8-9ec8-777bc99505e9","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":500,"width":9,"height":0}},{"id":"f9bfcf4f-a098-4d18-8e3b-63078e69ead3","block_type":"box","text":"HKD (96,794)","page_number":110,"box":{"x":94,"y":510,"width":101,"height":11}},{"id":"5b5138ad-5068-4649-9876-9320894c2511","block_type":"box","text":"Sold HKD, Bought EUR 10,772 for settlement on","page_number":110,"box":{"x":230,"y":510,"width":366,"height":11}},{"id":"f39bb41a-d1ee-4c50-8982-e0a8438dc882","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":524,"width":83,"height":9}},{"id":"d9f1ebaa-a6bc-4790-8903-4cf97f504d05","block_type":"box","text":"(11)","page_number":110,"box":{"x":773,"y":524,"width":27,"height":11}},{"id":"6ebd099d-3797-48be-9a80-6132450ac424","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":529,"width":9,"height":1}},{"id":"9be22ee0-9e97-4e20-8f8b-e02b3d789fc4","block_type":"box","text":"HKD (121,733)","page_number":110,"box":{"x":85,"y":539,"width":110,"height":12}},{"id":"d2cae0cc-97e8-4abb-bbc0-784703ac509e","block_type":"box","text":"Sold HKD, Bought GBP 11,624 for settlement on","page_number":110,"box":{"x":230,"y":539,"width":364,"height":12}},{"id":"94d8b2f0-432b-4e8f-9b24-990f16dea0ea","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":554,"width":83,"height":8}},{"id":"9607b7f3-9352-4063-aecf-8eb5f827d9ee","block_type":"box","text":"(11)","page_number":110,"box":{"x":773,"y":554,"width":27,"height":11}},{"id":"8cce43a7-957a-4291-a582-c91c669ceb8d","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":559,"width":9,"height":1}},{"id":"10d2d7f8-4559-4406-a66a-da1149b0c151","block_type":"box","text":"HKD (507,983)","page_number":110,"box":{"x":85,"y":569,"width":110,"height":11}},{"id":"ec447780-e5f3-44b3-bfb2-cc5f4493a523","block_type":"box","text":"Sold HKD, Bought GBP 48,496 for settlement on","page_number":110,"box":{"x":230,"y":569,"width":365,"height":11}},{"id":"28e486b1-a487-4aab-9cab-645f4abd1f6b","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":583,"width":83,"height":9}},{"id":"b14a44ab-6ce7-4620-9dbf-33e099ec1868","block_type":"box","text":"(13)","page_number":110,"box":{"x":771,"y":583,"width":29,"height":11}},{"id":"1bfc4a51-58d9-4943-a0ab-c8c907d952db","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":588,"width":9,"height":1}},{"id":"c641e1cd-0516-4829-aa27-68100e1a0abe","block_type":"box","text":"HKD (52,546)","page_number":110,"box":{"x":94,"y":598,"width":101,"height":12}},{"id":"3e18e90f-5f29-4bfa-9450-6bf516d16464","block_type":"box","text":"Sold HKD, Bought GBP 5,018 for settlement on","page_number":110,"box":{"x":230,"y":598,"width":356,"height":12}},{"id":"faaa7354-9ed8-4ead-8c3c-e5754d647b55","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":613,"width":83,"height":9}},{"id":"231dd8f8-7d3d-49d3-8df8-1554d877094b","block_type":"box","text":"(5)","page_number":110,"box":{"x":781,"y":613,"width":19,"height":11}},{"id":"67af782d-5f58-474f-9170-3e6f9982c5bc","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":618,"width":9,"height":1}},{"id":"93eecb1d-ba00-4010-a27d-e9d117af1e4f","block_type":"box","text":"HKD (138,076)","page_number":110,"box":{"x":85,"y":628,"width":110,"height":11}},{"id":"c3b1b821-9e8e-4570-bf30-a80bb00a3d5c","block_type":"box","text":"Sold HKD, Bought EUR 15,365 for settlement on","page_number":110,"box":{"x":230,"y":628,"width":366,"height":11}},{"id":"cbaebe12-fe34-4688-a0d5-d4916ea5a05d","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":642,"width":83,"height":9}},{"id":"71426d59-9990-4cce-b3be-dad7525337c6","block_type":"box","text":"(16)","page_number":110,"box":{"x":771,"y":642,"width":29,"height":12}},{"id":"c435eed2-1f6f-4942-afa4-b51b49dbe101","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":648,"width":9,"height":0}},{"id":"4483165f-d15d-450a-b4fe-8f0ec0446e82","block_type":"box","text":"HKD (18,020)","page_number":110,"box":{"x":94,"y":658,"width":101,"height":11}},{"id":"309af1f4-4819-438c-8d1e-951a57dd3be1","block_type":"box","text":"Sold HKD, Bought GBP 1,747 for settlement on","page_number":110,"box":{"x":230,"y":658,"width":356,"height":11}},{"id":"c92a0b39-b5fe-4858-ad5f-cb9d034a694e","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":672,"width":83,"height":9}},{"id":"8bd6d9b0-eb0f-49b0-a45b-65c21e8a4dfb","block_type":"box","text":"27","page_number":110,"box":{"x":782,"y":672,"width":17,"height":9}},{"id":"0b4aa514-09aa-4ac4-8f29-70178c5b663d","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":677,"width":9,"height":1}},{"id":"42864888-b462-45b7-a5e0-c2ec773ff560","block_type":"box","text":"HKD (5,183,850)","page_number":110,"box":{"x":71,"y":687,"width":124,"height":12}},{"id":"bb03ccb3-d31f-4ac5-8588-4a188a9cde7b","block_type":"box","text":"Sold HKD, Bought GBP 500,887 for settlement on","page_number":110,"box":{"x":230,"y":687,"width":369,"height":12}},{"id":"f21197b1-c5c8-4813-b56d-b29db3f1e96a","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":702,"width":83,"height":9}},{"id":"5d17cd52-dd27-4374-8305-ec79342707ff","block_type":"box","text":"5,861","page_number":110,"box":{"x":759,"y":702,"width":38,"height":10}},{"id":"9f087e0d-957a-44cb-9f0a-be846f1cbff6","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":707,"width":9,"height":1}},{"id":"3182933b-2d00-4479-b33c-9063d03d452d","block_type":"box","text":"HKD (843)","page_number":110,"box":{"x":118,"y":717,"width":77,"height":11}},{"id":"64031f9c-f14b-410a-af12-48ec30d83d3f","block_type":"box","text":"Sold HKD, Bought GBP 81 for settlement on 24/07/2026","page_number":110,"box":{"x":230,"y":717,"width":416,"height":11}},{"id":"e8a8ff42-8cf9-4eee-a4cc-b321c3a73653","block_type":"box","text":"1","page_number":110,"box":{"x":793,"y":717,"width":4,"height":9}},{"id":"84f49b78-aed6-417a-b406-38b319b48ac1","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":722,"width":9,"height":1}},{"id":"7f50d474-4019-46d5-8e6e-a8e1150667f2","block_type":"box","text":"HKD (1)","page_number":110,"box":{"x":136,"y":732,"width":59,"height":12}},{"id":"b595174c-a253-4ed9-b1c6-a46f5fc18563","block_type":"box","text":"Sold HKD, Bought GBP – for settlement on 24/07/2026","page_number":110,"box":{"x":230,"y":732,"width":407,"height":12}},{"id":"e5ada9c1-5cb7-4613-9b4f-b1411d9ee8af","block_type":"box","text":"–","page_number":110,"box":{"x":791,"y":738,"width":9,"height":0}},{"id":"81dc6e7c-f9fb-4724-828b-2f0212bd03ce","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":738,"width":9,"height":0}},{"id":"be701b4e-c8e1-444f-ae26-5f5e06acea6b","block_type":"box","text":"HKD (65,549)","page_number":110,"box":{"x":94,"y":748,"width":101,"height":11}},{"id":"440add61-f4db-469b-a8f6-6d064f0c368a","block_type":"box","text":"Sold HKD, Bought GBP 6,334 for settlement on","page_number":110,"box":{"x":230,"y":748,"width":350,"height":11}},{"id":"57c5cdbc-c7a8-4873-a19c-02966ad88f50","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":762,"width":83,"height":9}},{"id":"ad2ff91d-77fe-4357-8bae-ab92a4f5c86e","block_type":"box","text":"74","page_number":110,"box":{"x":782,"y":762,"width":17,"height":9}},{"id":"1b7a4ebb-b3d2-410f-a42f-706f3f46de87","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":767,"width":9,"height":1}},{"id":"db92e175-17df-485f-a99e-9b4c808e765b","block_type":"box","text":"HKD (24,843)","page_number":110,"box":{"x":94,"y":777,"width":101,"height":12}},{"id":"2dd30fe7-b74a-41f3-bca5-51a8b2e731db","block_type":"box","text":"Sold HKD, Bought GBP 2,372 for settlement on","page_number":110,"box":{"x":230,"y":777,"width":350,"height":12}},{"id":"b5fcfb9d-6372-4f3b-ae36-ff6cca4f93e6","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":792,"width":83,"height":8}},{"id":"124d6ced-9f8f-4492-9e7a-fd96fe034b39","block_type":"box","text":"(1)","page_number":110,"box":{"x":781,"y":792,"width":19,"height":11}},{"id":"dfc4efbf-2ec6-48ff-bc53-2d4d8b97e8ce","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":797,"width":9,"height":1}},{"id":"dc7c61d6-5047-43fa-b0b7-4e5153880a92","block_type":"box","text":"HKD (1,314,204)","page_number":110,"box":{"x":71,"y":807,"width":124,"height":11}},{"id":"6bbdd95a-9639-414c-a1ab-54a8576f36c4","block_type":"box","text":"Sold HKD, Bought GBP 126,984 for settlement on","page_number":110,"box":{"x":230,"y":807,"width":369,"height":11}},{"id":"85bb9580-052c-4b83-acc7-61a57506f43e","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":821,"width":83,"height":9}},{"id":"48abdd46-22f7-409e-8f90-ea07b8f04741","block_type":"box","text":"1,486","page_number":110,"box":{"x":760,"y":821,"width":39,"height":11}},{"id":"ee8e3854-2c37-4a1c-bcf0-b85473c60669","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":826,"width":9,"height":1}},{"id":"98f9e08e-59a1-46db-a58b-1d55f336606d","block_type":"box","text":"HKD (739,519)","page_number":110,"box":{"x":85,"y":837,"width":110,"height":11}},{"id":"2ccb343a-1364-4b36-a8ae-20524fc1e556","block_type":"box","text":"Sold HKD, Bought GBP 71,456 for settlement on","page_number":110,"box":{"x":230,"y":837,"width":360,"height":11}},{"id":"13c9b0d1-676d-414d-9e5b-be0085ed57f7","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":851,"width":83,"height":9}},{"id":"3afe963b-8f73-4081-873e-092cddcc2207","block_type":"box","text":"836","page_number":110,"box":{"x":773,"y":851,"width":26,"height":9}},{"id":"55d0627d-b4ab-41a4-be1b-8f29fcb1569d","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":856,"width":9,"height":1}},{"id":"97afd988-6a93-4dbe-8580-a4e0823d458b","block_type":"box","text":"JPY (573,352)","page_number":110,"box":{"x":89,"y":866,"width":106,"height":11}},{"id":"f8a7c9ea-ed3e-483e-8856-674fb957ad96","block_type":"box","text":"Sold JPY, Bought GBP 2,664 for settlement on","page_number":110,"box":{"x":230,"y":866,"width":349,"height":11}},{"id":"218eb331-1099-4f9e-8c15-8db6ee0f2f44","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":880,"width":83,"height":9}},{"id":"867dcb29-7c1a-4469-a050-c35526cd9b5b","block_type":"box","text":"(4)","page_number":110,"box":{"x":781,"y":880,"width":19,"height":12}},{"id":"be872222-dd51-4283-a304-23973d3b3e29","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":886,"width":9,"height":1}},{"id":"2e71aa6e-19e1-4327-acc2-f6faf4117199","block_type":"box","text":"JPY (28,446)","page_number":110,"box":{"x":98,"y":896,"width":97,"height":11}},{"id":"2119ac4d-cf21-4e20-a2f1-fbdfb0bae890","block_type":"box","text":"Sold JPY, Bought GBP 132 for settlement on 24/07/2026","page_number":110,"box":{"x":230,"y":896,"width":419,"height":11}},{"id":"c142e546-aa96-4dbb-93b2-b60111d197b6","block_type":"box","text":"–","page_number":110,"box":{"x":791,"y":901,"width":9,"height":1}},{"id":"688f28be-e749-41c1-af18-67e48c80a477","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":901,"width":9,"height":1}},{"id":"74d7ca4d-d2c5-4ddd-b862-bcf80a133254","block_type":"box","text":"JPY (1,360,712)","page_number":110,"box":{"x":75,"y":911,"width":120,"height":11}},{"id":"19b044cd-25d4-4e49-ba5c-0b445b133de3","block_type":"box","text":"Sold JPY, Bought EUR 7,365 for settlement on","page_number":110,"box":{"x":230,"y":911,"width":350,"height":11}},{"id":"26ece38b-b598-4540-b316-538c00d55b03","block_type":"box","text":"24/07/2026","page_number":110,"box":{"x":229,"y":925,"width":83,"height":9}},{"id":"6619640a-2b10-4196-bb67-5e0ae9936392","block_type":"box","text":"(10)","page_number":110,"box":{"x":771,"y":925,"width":29,"height":12}},{"id":"9f760ffd-2cfe-4a93-b160-8beb8be3b499","block_type":"box","text":"–","page_number":110,"box":{"x":948,"y":931,"width":9,"height":1}},{"id":"19bb4edb-fccc-4ac1-89ff-dc66b026433c","block_type":"box","text":"110","page_number":111,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"6b1867db-6c59-4efc-a4f9-30500a913fe0","block_type":"box","text":"111","page_number":111,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"607b5c58-3dfa-476b-b79e-e38895bdac67","block_type":"box","text":"SARASIN Global Dividend","page_number":111,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"9ed6f766-7cf1-45fb-ab61-bf87068938b6","block_type":"box","text":"Portfolio Statement (continued)","page_number":111,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"1c493030-b816-497d-b50c-7b2ae5ba93e5","block_type":"box","text":"Holding","page_number":111,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"98e30006-38da-426c-b7b7-02e63aa50a6e","block_type":"box","text":"Investment","page_number":111,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"bd9930ff-5b38-4e75-a38e-be4a02707bd7","block_type":"box","text":"Market","page_number":111,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"439b3674-f457-4dd6-977e-3e55cc610171","block_type":"box","text":"Value","page_number":111,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"2bbf92ef-cdae-405f-b76c-2eb36d8bf5e8","block_type":"box","text":"£","page_number":111,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"e2cadaed-1d81-4fbc-998c-faab17a3a716","block_type":"box","text":"% of","page_number":111,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"a184c8d5-f0dc-4da5-a724-2377ac2b3435","block_type":"box","text":"Net Assets","page_number":111,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"fb15824f-78d3-4ba7-8da0-1a09dd8c30c5","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":111,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"10746add-2bf6-4ee9-9b0a-cc8ea11d1f16","block_type":"box","text":"JPY (11,694,865)","page_number":111,"box":{"x":67,"y":183,"width":128,"height":11}},{"id":"b2057f08-9aa5-49e0-a056-072934b108e1","block_type":"box","text":"Sold JPY, Bought GBP 54,331 for settlement on","page_number":111,"box":{"x":230,"y":183,"width":359,"height":11}},{"id":"e2aca734-c08b-4298-bb97-1b9fbcac340b","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"590431c3-2607-4387-9fce-650217579da7","block_type":"box","text":"(72)","page_number":111,"box":{"x":771,"y":197,"width":29,"height":11}},{"id":"b7308e9b-f414-4460-a6a3-5c5de63e8bbe","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"57709dba-b76c-46ea-ac4b-94cb6ed974f0","block_type":"box","text":"JPY (921,519)","page_number":111,"box":{"x":89,"y":212,"width":106,"height":12}},{"id":"828b9df0-9e36-4015-9268-cce8387ad5b0","block_type":"box","text":"Sold JPY, Bought GBP 4,331 for settlement on","page_number":111,"box":{"x":230,"y":212,"width":349,"height":12}},{"id":"51d54bd6-40ec-4ea7-a955-f8ecc2b8ac15","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"c44e52fa-9ef9-45b9-9cf2-645450a184bc","block_type":"box","text":"49","page_number":111,"box":{"x":782,"y":227,"width":17,"height":8}},{"id":"7c436949-6a89-4111-9d31-0ab56d07e10a","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"38d25b34-f007-4cd6-a16a-87cbb9a4fa4f","block_type":"box","text":"JPY (53,940)","page_number":111,"box":{"x":98,"y":242,"width":97,"height":11}},{"id":"4b001fa1-07d3-435c-9bc7-6a932f75aff4","block_type":"box","text":"Sold JPY, Bought EUR 292 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":242,"width":419,"height":11}},{"id":"c64381a5-3577-425e-9f0e-e346e66c3ea1","block_type":"box","text":"(1)","page_number":111,"box":{"x":781,"y":242,"width":19,"height":11}},{"id":"b430835e-7a7c-4e32-a1c7-a017a4ba2820","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":247,"width":9,"height":1}},{"id":"50176670-e6a8-4bf8-bff2-4af3a3c62a95","block_type":"box","text":"JPY (12,606)","page_number":111,"box":{"x":98,"y":257,"width":97,"height":12}},{"id":"089cf72c-bfb3-4935-9c16-a213be294ede","block_type":"box","text":"Sold JPY, Bought GBP 59 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":257,"width":409,"height":12}},{"id":"115b8f82-c8e3-46f5-97d9-23b39831e3c8","block_type":"box","text":"1","page_number":111,"box":{"x":793,"y":258,"width":4,"height":8}},{"id":"6e0246ae-9112-4894-a98a-7a5f6f9d95c8","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":263,"width":9,"height":0}},{"id":"fe9d641e-e546-4c47-bff3-ade3283aad49","block_type":"box","text":"JPY (72,877,159)","page_number":111,"box":{"x":66,"y":273,"width":129,"height":11}},{"id":"d599cff3-1635-45e3-9161-77a767e1ccaf","block_type":"box","text":"Sold JPY, Bought GBP 342,479 for settlement on","page_number":111,"box":{"x":230,"y":273,"width":368,"height":11}},{"id":"bb47c23c-6adf-410d-8656-bd0bd14b26e5","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":287,"width":83,"height":9}},{"id":"1bc1da6f-603d-4c2c-9bcd-f1f01b6e49b6","block_type":"box","text":"3,855","page_number":111,"box":{"x":759,"y":287,"width":40,"height":10}},{"id":"d425d228-d95d-444e-8784-25dc964ed654","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":292,"width":9,"height":1}},{"id":"0e976d5d-ced1-450c-9725-3e217468fdb6","block_type":"box","text":"JPY (250,289)","page_number":111,"box":{"x":89,"y":302,"width":106,"height":12}},{"id":"09499ccb-cdb0-4a5d-91cb-e78cd7f20097","block_type":"box","text":"Sold JPY, Bought GBP 1,178 for settlement on","page_number":111,"box":{"x":230,"y":302,"width":349,"height":12}},{"id":"929743d6-6678-445f-bbb6-955c058cee82","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":317,"width":83,"height":8}},{"id":"0f077d40-dec8-4eba-bfb4-8ac869a994e5","block_type":"box","text":"15","page_number":111,"box":{"x":783,"y":317,"width":16,"height":8}},{"id":"39fa59b0-4b2b-40dd-aea2-80faa6b2031b","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"5c59bcba-0528-4537-851e-4987664ca42d","block_type":"box","text":"JPY (10,701,973)","page_number":111,"box":{"x":66,"y":332,"width":129,"height":11}},{"id":"4f2619f9-6b87-4781-9dc9-dd848eb20448","block_type":"box","text":"Sold JPY, Bought GBP 49,941 for settlement on","page_number":111,"box":{"x":230,"y":332,"width":359,"height":11}},{"id":"80d46a95-4a16-421b-bc60-d4f7d3792b66","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":346,"width":83,"height":9}},{"id":"d43b7e98-6de7-43f2-b31f-689bb7e72609","block_type":"box","text":"214","page_number":111,"box":{"x":773,"y":346,"width":26,"height":9}},{"id":"97aceb2b-906f-444a-88bd-342e90041031","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":351,"width":9,"height":1}},{"id":"3fc6126b-e7a0-4993-af32-9749f0fd0324","block_type":"box","text":"JPY (204,812)","page_number":111,"box":{"x":89,"y":362,"width":106,"height":11}},{"id":"0debe977-3c22-4b50-9a59-b3859d864e0c","block_type":"box","text":"Sold JPY, Bought GBP 951 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":362,"width":419,"height":11}},{"id":"3a153f68-8815-4b70-88a4-cc095bd189e6","block_type":"box","text":"(1)","page_number":111,"box":{"x":781,"y":362,"width":19,"height":11}},{"id":"027b9cf7-1474-4149-a415-bab75702ce96","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":367,"width":9,"height":1}},{"id":"c2d7cc8d-6841-4899-8a96-3ab0e4ce5d68","block_type":"box","text":"JPY (25,741)","page_number":111,"box":{"x":98,"y":377,"width":97,"height":11}},{"id":"f11c2313-b09e-4e7c-9962-586729536fbb","block_type":"box","text":"Sold JPY, Bought GBP 120 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":377,"width":419,"height":11}},{"id":"cdf3c995-ae67-4774-bacb-72c25f250b93","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":382,"width":9,"height":1}},{"id":"e53403be-7279-421a-a041-6b1003721ba8","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":382,"width":9,"height":1}},{"id":"922920ba-09a4-4df5-a903-ee26c9b6debb","block_type":"box","text":"JPY (1,941,046)","page_number":111,"box":{"x":75,"y":392,"width":120,"height":12}},{"id":"d7a7573f-3342-41df-8d10-2c95fd916baa","block_type":"box","text":"Sold JPY, Bought EUR 10,506 for settlement on","page_number":111,"box":{"x":230,"y":392,"width":359,"height":12}},{"id":"5f876ac7-f251-4499-960c-dbcc582c678b","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":407,"width":83,"height":8}},{"id":"82d23774-2680-4ff6-adb2-4f83beb5bb08","block_type":"box","text":"(14)","page_number":111,"box":{"x":771,"y":407,"width":29,"height":11}},{"id":"93fe5362-4aaf-4fd2-aac3-6a1e928c07af","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":412,"width":9,"height":1}},{"id":"65bf6eb8-cecb-491c-b3cd-014b41c6c25f","block_type":"box","text":"JPY (1,134,353)","page_number":111,"box":{"x":75,"y":422,"width":120,"height":11}},{"id":"8371a6ca-cc46-4076-82f1-235c122e4cdd","block_type":"box","text":"Sold JPY, Bought EUR 6,140 for settlement on","page_number":111,"box":{"x":230,"y":422,"width":350,"height":11}},{"id":"3a4b82e4-3176-4471-9ab0-014f1293f190","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":436,"width":83,"height":9}},{"id":"11c2cae9-25f3-4590-a015-a6d7ae124b8d","block_type":"box","text":"(8)","page_number":111,"box":{"x":781,"y":436,"width":19,"height":11}},{"id":"a357fd17-e858-48f7-9c5b-f59d9cf84932","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":441,"width":9,"height":1}},{"id":"d97bd90c-3c95-4ff9-af05-de98aad33b99","block_type":"box","text":"JPY (117,690)","page_number":111,"box":{"x":90,"y":451,"width":105,"height":12}},{"id":"6f250127-7122-49a3-82fc-2cd8c31e8b91","block_type":"box","text":"Sold JPY, Bought GBP 547 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":451,"width":419,"height":12}},{"id":"7ddc22fc-1a31-4a15-bdc2-04e396a5251f","block_type":"box","text":"(1)","page_number":111,"box":{"x":781,"y":451,"width":19,"height":12}},{"id":"63997304-6ff8-49d8-b9dd-42f72952d4f3","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":457,"width":9,"height":1}},{"id":"21468106-38f5-43b7-a42b-40bbecfe759a","block_type":"box","text":"JPY (41,485)","page_number":111,"box":{"x":98,"y":467,"width":97,"height":11}},{"id":"994c117e-b56a-4078-8a9a-5c0e9de061d8","block_type":"box","text":"Sold JPY, Bought EUR 225 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":467,"width":419,"height":11}},{"id":"c692507e-a02d-4f52-bd32-eb4d26ebbe4a","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":472,"width":9,"height":1}},{"id":"c5c3b557-6a96-4e42-9eb7-8b70ba7532bc","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":472,"width":9,"height":1}},{"id":"b66ea0c3-faf4-4c0c-b237-d22d6e7357f4","block_type":"box","text":"JPY (59,177)","page_number":111,"box":{"x":98,"y":482,"width":97,"height":11}},{"id":"3864fb29-2427-47f7-80c1-d71a3f807869","block_type":"box","text":"Sold JPY, Bought EUR 321 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":482,"width":419,"height":11}},{"id":"c4fa51d3-97f3-4545-b919-45cd495eb4db","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":487,"width":9,"height":1}},{"id":"9a88a675-f431-446c-ae72-28c5c87b1c04","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":487,"width":9,"height":1}},{"id":"c3f2322a-e4c8-447b-8089-e5d6a5f788c3","block_type":"box","text":"JPY (106,716)","page_number":111,"box":{"x":89,"y":498,"width":106,"height":11}},{"id":"70c63da8-97c9-4806-ab4a-2ac8ce92d929","block_type":"box","text":"Sold JPY, Bought GBP 498 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":498,"width":419,"height":11}},{"id":"4e6d02c7-14e3-492b-81f9-50a9700088a2","block_type":"box","text":"2","page_number":111,"box":{"x":791,"y":498,"width":8,"height":8}},{"id":"c7c456be-d661-45fa-8d2c-097c08402de3","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"9a7ccc6f-c02e-42ab-9adc-1218bd7d99ae","block_type":"box","text":"JPY (3,799,322)","page_number":111,"box":{"x":75,"y":513,"width":120,"height":11}},{"id":"a9e74369-24aa-471c-965b-731d6ddaaf0a","block_type":"box","text":"Sold JPY, Bought GBP 17,855 for settlement on","page_number":111,"box":{"x":230,"y":513,"width":359,"height":11}},{"id":"528edf67-2e9c-4391-bdbe-d49696e86d18","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"3679ccae-445b-45d7-b842-939e1011c6b3","block_type":"box","text":"201","page_number":111,"box":{"x":773,"y":527,"width":24,"height":9}},{"id":"15bc8a33-8a8b-4246-a3e4-8941a8e15532","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"2809d370-a1ac-49b1-911e-b4ec4fb4c144","block_type":"box","text":"JPY (215,961)","page_number":111,"box":{"x":89,"y":543,"width":106,"height":11}},{"id":"743627ee-cd0c-413c-88bb-99340d2f9e14","block_type":"box","text":"Sold JPY, Bought EUR 1,171 for settlement on","page_number":111,"box":{"x":230,"y":543,"width":350,"height":11}},{"id":"efd4b446-31d4-41e0-bb6b-0ad40cce05ed","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"5b5f039a-6f87-4e74-9243-c0a0208e8b7b","block_type":"box","text":"(1)","page_number":111,"box":{"x":781,"y":557,"width":19,"height":11}},{"id":"90903ee2-141b-4f70-b031-4bea24052ac5","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"24672fc5-4020-4e09-91f4-6ff01e622c8f","block_type":"box","text":"JPY (34,475)","page_number":111,"box":{"x":98,"y":572,"width":97,"height":11}},{"id":"75dfa17e-8862-45a2-af2f-4642bbf5cb72","block_type":"box","text":"Sold JPY, Bought EUR 187 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":572,"width":419,"height":11}},{"id":"41e36a6f-689d-443d-bfa1-68557e150f93","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":577,"width":9,"height":1}},{"id":"7211d71b-dc3e-404f-8346-2b09d020dabb","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":577,"width":9,"height":1}},{"id":"f5e33c3d-f291-4501-bed8-45cc57168625","block_type":"box","text":"JPY (2,421,303)","page_number":111,"box":{"x":75,"y":588,"width":120,"height":11}},{"id":"3232de38-05cc-4e95-b0ed-565ef71d14d4","block_type":"box","text":"Sold JPY, Bought GBP 11,249 for settlement on","page_number":111,"box":{"x":230,"y":588,"width":357,"height":11}},{"id":"bdab154b-b226-425c-92f4-0da1bad77de6","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":602,"width":83,"height":9}},{"id":"b800150f-d106-4624-a46c-1c935f42db24","block_type":"box","text":"(15)","page_number":111,"box":{"x":771,"y":602,"width":29,"height":11}},{"id":"2a00c45f-cde7-482d-b725-10d4c4a55ea3","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":607,"width":9,"height":1}},{"id":"2bbd4b27-8439-48fc-a23b-5cd940a15c84","block_type":"box","text":"JPY (3,641)","page_number":111,"box":{"x":108,"y":617,"width":87,"height":11}},{"id":"bfe66acf-06dd-4389-90c7-4f67364f0dd0","block_type":"box","text":"Sold JPY, Bought GBP 17 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":617,"width":409,"height":11}},{"id":"443e8904-ffef-44d8-ae09-b1115b655dba","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":622,"width":9,"height":1}},{"id":"03a00212-19a3-4a62-a2d3-eb3962dc28bd","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":622,"width":9,"height":1}},{"id":"c633e5d8-f4e5-41bc-88a1-40fab340bb10","block_type":"box","text":"JPY (37,812)","page_number":111,"box":{"x":98,"y":633,"width":97,"height":11}},{"id":"9b2df2be-e009-45cd-b7ec-0f1ed68e10d0","block_type":"box","text":"Sold JPY, Bought EUR 205 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":633,"width":419,"height":11}},{"id":"2e12c470-401f-4918-9b11-2537b6b78d5a","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":638,"width":9,"height":1}},{"id":"d85c8144-9639-4a1f-86d3-5d192358c65c","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":638,"width":9,"height":1}},{"id":"0abd3e12-098a-49f8-a115-356976d04ed4","block_type":"box","text":"JPY (2,257,065)","page_number":111,"box":{"x":75,"y":648,"width":120,"height":11}},{"id":"4e90f2d1-369e-4fae-a36f-366c1e36e159","block_type":"box","text":"Sold JPY, Bought GBP 10,486 for settlement on","page_number":111,"box":{"x":230,"y":648,"width":359,"height":11}},{"id":"7632b43b-75e3-4ef5-b09c-e9f1be7f3a65","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":662,"width":83,"height":9}},{"id":"68218eea-1797-46fe-8a88-8dcc8a72abfc","block_type":"box","text":"(14)","page_number":111,"box":{"x":771,"y":662,"width":29,"height":11}},{"id":"773964db-5a70-41f0-8e6d-46e2b4c0c479","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":667,"width":9,"height":1}},{"id":"15bf56f0-72ac-4c50-8a32-2a5a69f70f22","block_type":"box","text":"JPY (2,188,875)","page_number":111,"box":{"x":75,"y":678,"width":120,"height":11}},{"id":"a964bec2-f053-4b4b-b73e-4085c2dc5a5c","block_type":"box","text":"Sold JPY, Bought GBP 10,214 for settlement on","page_number":111,"box":{"x":230,"y":678,"width":359,"height":11}},{"id":"798ef595-55aa-4ecb-98e5-ba1976a15468","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":692,"width":83,"height":9}},{"id":"07efe0a5-2ad8-497a-937e-5b2a3a42aa1d","block_type":"box","text":"44","page_number":111,"box":{"x":782,"y":692,"width":17,"height":9}},{"id":"4b239fd2-3c29-40ac-9c5b-0685776d5ed2","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":697,"width":9,"height":1}},{"id":"6c3c687d-da73-414d-8807-e2b9231b10f8","block_type":"box","text":"JPY (380,069)","page_number":111,"box":{"x":89,"y":707,"width":106,"height":11}},{"id":"175e6b8c-d144-4859-8f94-92e106e15a31","block_type":"box","text":"Sold JPY, Bought GBP 1,786 for settlement on","page_number":111,"box":{"x":230,"y":707,"width":343,"height":11}},{"id":"f61a8837-0494-44a6-a66e-1e84bc08f61d","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":721,"width":83,"height":9}},{"id":"4a7302bc-10a2-476f-b197-f9427307ce36","block_type":"box","text":"20","page_number":111,"box":{"x":782,"y":721,"width":17,"height":9}},{"id":"c85c5155-980e-4248-bdf5-7f9074397ffc","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":727,"width":9,"height":1}},{"id":"bacf5f48-da2f-40fa-9357-4c2722ec2886","block_type":"box","text":"JPY (77,879,497)","page_number":111,"box":{"x":66,"y":737,"width":129,"height":11}},{"id":"f23e1c57-aae5-4504-9077-0d339f54a337","block_type":"box","text":"Sold JPY, Bought GBP 365,987 for settlement on","page_number":111,"box":{"x":230,"y":737,"width":362,"height":11}},{"id":"c432ca65-cd6d-41ef-9b19-c07d94575f3b","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":751,"width":83,"height":9}},{"id":"a4af9cc2-8e97-47c8-a044-127a35ddfdcd","block_type":"box","text":"4,120","page_number":111,"box":{"x":758,"y":751,"width":41,"height":10}},{"id":"c7e62967-5ba9-4be2-8481-7dd7136f8118","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":756,"width":9,"height":1}},{"id":"3b745ede-54b8-424b-8783-bb88f2686787","block_type":"box","text":"JPY (320,896)","page_number":111,"box":{"x":89,"y":766,"width":106,"height":12}},{"id":"6aa05e92-519c-4c56-85a3-520cda2df37b","block_type":"box","text":"Sold JPY, Bought GBP 1,491 for settlement on","page_number":111,"box":{"x":230,"y":766,"width":343,"height":12}},{"id":"6d02c9a5-a1e8-4576-b440-a291b7d49432","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":781,"width":83,"height":9}},{"id":"b57bd8a6-d801-4969-8586-22d65dadd87b","block_type":"box","text":"(2)","page_number":111,"box":{"x":781,"y":781,"width":19,"height":11}},{"id":"6f5e02c6-ca9f-40bc-a8f4-f1c37a7c29e9","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":786,"width":9,"height":1}},{"id":"cc608037-6cfd-4fac-965a-8f699ddf57ec","block_type":"box","text":"JPY (6,635,232)","page_number":111,"box":{"x":75,"y":796,"width":120,"height":11}},{"id":"b647d6b4-e9b7-41a2-b522-dfe64fc26a72","block_type":"box","text":"Sold JPY, Bought GBP 31,182 for settlement on","page_number":111,"box":{"x":230,"y":796,"width":353,"height":11}},{"id":"bbc5b077-08ce-4e08-a12d-9f8ad7bf0c1a","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":810,"width":83,"height":9}},{"id":"05611a6d-9bfa-4565-953a-c5358d92d836","block_type":"box","text":"351","page_number":111,"box":{"x":773,"y":810,"width":24,"height":9}},{"id":"91a2424c-fa3c-4336-87fb-7591e94cc43a","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":815,"width":9,"height":1}},{"id":"9bac2a1b-8e6e-485c-9e24-a93d442cfe60","block_type":"box","text":"JPY (185,356)","page_number":111,"box":{"x":89,"y":826,"width":106,"height":11}},{"id":"49c67dfd-f333-4e84-b2bf-35d765befe6e","block_type":"box","text":"Sold JPY, Bought GBP 865 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":826,"width":419,"height":11}},{"id":"44d22f86-a1e7-4ce4-b5c8-f97aa386c113","block_type":"box","text":"4","page_number":111,"box":{"x":791,"y":826,"width":8,"height":8}},{"id":"07c8c241-cc5b-4917-b77e-6d9f66885274","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":831,"width":9,"height":1}},{"id":"93e6411b-425b-4c0c-b322-a926e6af5caf","block_type":"box","text":"JPY (108,588)","page_number":111,"box":{"x":89,"y":841,"width":106,"height":11}},{"id":"3e1ec4a4-b1e1-4725-9d22-6e7713311c94","block_type":"box","text":"Sold JPY, Bought GBP 505 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":841,"width":419,"height":11}},{"id":"e45663f1-2c3a-499c-b2c3-028a32e4bc33","block_type":"box","text":"1","page_number":111,"box":{"x":793,"y":841,"width":4,"height":9}},{"id":"f3a17732-73c0-4762-8b20-932c26a073d3","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":846,"width":9,"height":1}},{"id":"0ece6ab1-938b-47db-bcc2-26c57d59cfb0","block_type":"box","text":"JPY (31,370)","page_number":111,"box":{"x":98,"y":856,"width":97,"height":12}},{"id":"d55c408b-9f73-463c-a5aa-4c99aec56234","block_type":"box","text":"Sold JPY, Bought EUR 170 for settlement on 24/07/2026","page_number":111,"box":{"x":230,"y":856,"width":419,"height":12}},{"id":"9242e0d8-1994-49b9-b560-dd70df4b5095","block_type":"box","text":"–","page_number":111,"box":{"x":791,"y":862,"width":9,"height":0}},{"id":"e718da67-8e66-42bf-a354-13c24cbb59e3","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":862,"width":9,"height":0}},{"id":"4a86ff38-6723-4f9e-aa64-ebd926732177","block_type":"box","text":"JPY (10,396,534)","page_number":111,"box":{"x":66,"y":872,"width":129,"height":11}},{"id":"53e37b4c-6ae5-4aa5-b817-b3cb676b52f1","block_type":"box","text":"Sold JPY, Bought GBP 48,858 for settlement on","page_number":111,"box":{"x":230,"y":872,"width":359,"height":11}},{"id":"9f6f20d8-c9f6-495c-8673-eecfebf78c36","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":886,"width":83,"height":9}},{"id":"e784cbfd-a08c-47b7-b316-3d62c46da10a","block_type":"box","text":"550","page_number":111,"box":{"x":773,"y":886,"width":26,"height":9}},{"id":"bf5682c5-9fd9-4296-abcb-c9bac0a56217","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":891,"width":9,"height":1}},{"id":"214666b5-1fdb-4259-b90f-e368246f9908","block_type":"box","text":"JPY (8,326,051)","page_number":111,"box":{"x":75,"y":901,"width":120,"height":12}},{"id":"0d0b5554-1361-4c64-8d7e-4024d7c4f12d","block_type":"box","text":"Sold JPY, Bought EUR 45,066 for settlement on","page_number":111,"box":{"x":230,"y":901,"width":359,"height":12}},{"id":"e27d5110-c839-40ce-a23c-2cc2482dfc5c","block_type":"box","text":"24/07/2026","page_number":111,"box":{"x":229,"y":916,"width":83,"height":8}},{"id":"3a2a86dc-a4ab-4220-bf4c-8f1420a0bc79","block_type":"box","text":"(62)","page_number":111,"box":{"x":771,"y":916,"width":29,"height":11}},{"id":"a5599cd9-87ed-4c8e-840f-0dcb62579962","block_type":"box","text":"–","page_number":111,"box":{"x":948,"y":921,"width":9,"height":1}},{"id":"02822e63-9713-4ec6-b4ab-683d485dc8d9","block_type":"box","text":"111","page_number":112,"box":{"x":489,"y":972,"width":20,"height":8}},{"id":"8d3200c7-4de8-4807-b4b3-015e6513e519","block_type":"box","text":"SARASIN Global Dividend","page_number":112,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"7812fd63-2a36-4be4-af07-038d5a0c3379","block_type":"box","text":"Portfolio Statement (continued)","page_number":112,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"d03f0bd8-720d-4dea-9bbe-889032b3eb86","block_type":"box","text":"Holding","page_number":112,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"db17e9ea-78f0-4752-9b5c-6054c5954a58","block_type":"box","text":"Investment","page_number":112,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"39e61b55-e068-4fb6-b215-8b8c55d25d0d","block_type":"box","text":"Market","page_number":112,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"5731632b-48f3-4874-8bab-d0332256b552","block_type":"box","text":"Value","page_number":112,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"6b20a4c2-2b7f-440d-ab5f-705162443802","block_type":"box","text":"£","page_number":112,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"72cc75e4-dd42-4bbf-a89d-5303cef37907","block_type":"box","text":"% of","page_number":112,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"59afc9ca-cd8f-4bd7-a143-870add2ea85a","block_type":"box","text":"Net Assets","page_number":112,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"5f143dd4-4549-419c-ba9c-88263e3a4828","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":112,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"17ffec47-3c1c-4982-a1b5-e5d1a813cb60","block_type":"box","text":"JPY (291,513)","page_number":112,"box":{"x":89,"y":183,"width":106,"height":11}},{"id":"e2aef242-1f10-4886-8345-2dc5f3eda93c","block_type":"box","text":"Sold JPY, Bought GBP 1,360 for settlement on","page_number":112,"box":{"x":230,"y":183,"width":349,"height":11}},{"id":"8ce28c54-3112-4bd7-a272-429a1cf87caa","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"05cbebe0-5c60-4fe6-ab6a-13edc25cfd55","block_type":"box","text":"6","page_number":112,"box":{"x":791,"y":197,"width":8,"height":9}},{"id":"a674d21d-9409-45b3-a363-b83a26257040","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"1a8ae147-cf68-4742-b69c-5fd48be1da2a","block_type":"box","text":"JPY (230,859)","page_number":112,"box":{"x":89,"y":212,"width":106,"height":12}},{"id":"3a5f05ee-f1fc-48fe-a793-656258b6ddc3","block_type":"box","text":"Sold JPY, Bought EUR 1,249 for settlement on","page_number":112,"box":{"x":230,"y":212,"width":350,"height":12}},{"id":"54c67b77-e234-4eb4-bc6d-6e9dee205c7c","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"65c2ada2-3126-4a16-bce5-edf5a0477fd4","block_type":"box","text":"(2)","page_number":112,"box":{"x":781,"y":227,"width":19,"height":11}},{"id":"4f2ae13a-0def-4114-8629-a837e3a22fb5","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"2fb585c0-2fce-4c2d-b7bb-2dcdaf96aaf2","block_type":"box","text":"JPY (380,246,260)","page_number":112,"box":{"x":56,"y":242,"width":139,"height":11}},{"id":"89c5e9b6-78e5-4939-a2d1-1ffa7711f387","block_type":"box","text":"Sold JPY, Bought GBP 1,786,932 for settlement on","page_number":112,"box":{"x":230,"y":242,"width":382,"height":11}},{"id":"b2b361e3-b72f-406f-8511-b4bfa7f6febe","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"8ad09e7d-6d7a-4783-aee8-ee4915696a18","block_type":"box","text":"20,116","page_number":112,"box":{"x":751,"y":256,"width":48,"height":11}},{"id":"aaaa9114-1882-4005-b382-6071a9b8af1b","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":261,"width":9,"height":1}},{"id":"630c74c7-7608-4253-b72f-e3228493b452","block_type":"box","text":"JPY (34,550)","page_number":112,"box":{"x":98,"y":272,"width":97,"height":11}},{"id":"d5a98a40-f59e-4b3d-86e0-325f03b0b746","block_type":"box","text":"Sold JPY, Bought GBP 162 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":272,"width":419,"height":11}},{"id":"3df2a24f-efcb-4ead-a936-3ed8721d39c8","block_type":"box","text":"1","page_number":112,"box":{"x":793,"y":272,"width":4,"height":8}},{"id":"f921b6c8-67c8-4e20-895e-48c27177f3b3","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":277,"width":9,"height":1}},{"id":"18943b3f-7e9e-4134-bf4a-7b2e0d424720","block_type":"box","text":"JPY (18,475,746)","page_number":112,"box":{"x":66,"y":287,"width":129,"height":11}},{"id":"32ba2980-a9e8-4cc1-b508-f2269d686bce","block_type":"box","text":"Sold JPY, Bought GBP 86,825 for settlement on","page_number":112,"box":{"x":230,"y":287,"width":359,"height":11}},{"id":"0107325d-b71e-4294-996c-6613949f6843","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":301,"width":83,"height":9}},{"id":"a9f1fc16-15ac-4dd8-ad44-918c3f1262c0","block_type":"box","text":"977","page_number":112,"box":{"x":773,"y":301,"width":26,"height":9}},{"id":"bd35e890-bd68-4d34-9563-a49eccee3800","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"dc47a120-7acc-4e99-b6d5-a8371aa26761","block_type":"box","text":"JPY (13)","page_number":112,"box":{"x":131,"y":317,"width":64,"height":11}},{"id":"b15097f9-c4c8-4b46-bf62-a7091ce11124","block_type":"box","text":"Sold JPY, Bought GBP – for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":317,"width":400,"height":11}},{"id":"431ae82b-9e3e-4f3f-a3c7-0309047f94a6","block_type":"box","text":"–","page_number":112,"box":{"x":791,"y":322,"width":9,"height":1}},{"id":"79c0eb69-4b8c-4648-bb32-fb9e4b0e5748","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":322,"width":9,"height":1}},{"id":"70a6a309-3787-4c62-aaa0-240bb4a4ce81","block_type":"box","text":"JPY (13,025)","page_number":112,"box":{"x":98,"y":332,"width":97,"height":11}},{"id":"c38342fa-5fcc-47c3-8815-4478e9ca7138","block_type":"box","text":"Sold JPY, Bought GBP 61 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":332,"width":409,"height":11}},{"id":"e717f2dd-638f-4f49-a74d-c0e3b6337f32","block_type":"box","text":"–","page_number":112,"box":{"x":791,"y":337,"width":9,"height":1}},{"id":"9e4c6e17-c748-44c9-bb9f-9f003ecfd1e7","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":337,"width":9,"height":1}},{"id":"c2d8246b-bb71-455a-8b25-3474d4dd39ec","block_type":"box","text":"JPY (13,182)","page_number":112,"box":{"x":98,"y":347,"width":97,"height":12}},{"id":"462cc80e-3f9c-44d4-baf9-8c83af03b9c2","block_type":"box","text":"Sold JPY, Bought GBP 62 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":347,"width":409,"height":12}},{"id":"73a381d0-bd17-4cfa-a991-f7a2d53873e8","block_type":"box","text":"1","page_number":112,"box":{"x":793,"y":348,"width":4,"height":8}},{"id":"2f23adee-75a8-4110-8f5c-9d9000651b92","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":353,"width":9,"height":0}},{"id":"75fe1d45-b547-4a46-86c6-4b53d34a80de","block_type":"box","text":"JPY (11,523)","page_number":112,"box":{"x":100,"y":363,"width":95,"height":11}},{"id":"346d8f2f-1c7f-42db-9cb8-4054ef9d97cf","block_type":"box","text":"Sold JPY, Bought GBP 54 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":363,"width":409,"height":11}},{"id":"121f83f5-d4a6-4704-b546-0972dfbe6ddc","block_type":"box","text":"1","page_number":112,"box":{"x":793,"y":363,"width":4,"height":8}},{"id":"7cb63d4b-2372-4eee-a342-ee4eda0b8a53","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":368,"width":9,"height":1}},{"id":"b38b0ecf-cfd4-4fe7-bed4-29bc51fb2133","block_type":"box","text":"JPY (2,043,114)","page_number":112,"box":{"x":76,"y":378,"width":119,"height":11}},{"id":"6c0fb5e8-dc7e-430f-b429-3420ae8db9f6","block_type":"box","text":"Sold JPY, Bought GBP 9,534 for settlement on","page_number":112,"box":{"x":230,"y":378,"width":349,"height":11}},{"id":"accc86ff-8b85-4728-8b0c-7081c61ac266","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":392,"width":83,"height":9}},{"id":"6b54ecdb-9f2e-47c1-b603-37d2371a23d9","block_type":"box","text":"41","page_number":112,"box":{"x":782,"y":392,"width":15,"height":9}},{"id":"22f6a781-4d69-48db-8ba9-805774771e12","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":397,"width":9,"height":1}},{"id":"2823c352-8331-424b-8d26-8f49ea6b5b8c","block_type":"box","text":"JPY (520,420)","page_number":112,"box":{"x":89,"y":408,"width":106,"height":11}},{"id":"389f5cbf-4261-4aa8-bff7-f67cfc87a7de","block_type":"box","text":"Sold JPY, Bought GBP 2,429 for settlement on","page_number":112,"box":{"x":230,"y":408,"width":349,"height":11}},{"id":"b302c99d-7aa1-48b4-822f-1dede587f143","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":422,"width":83,"height":9}},{"id":"3f6d78e4-9f24-4451-a114-5e9572a77ce0","block_type":"box","text":"10","page_number":112,"box":{"x":783,"y":422,"width":16,"height":9}},{"id":"1ec36c04-b166-49df-afaa-bb3e6f0fd279","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":427,"width":9,"height":1}},{"id":"8948bc3d-8dec-4e68-a282-c764482447e4","block_type":"box","text":"JPY (35,099)","page_number":112,"box":{"x":98,"y":437,"width":97,"height":12}},{"id":"52963950-7e84-4017-9f78-b92daf4eb282","block_type":"box","text":"Sold JPY, Bought GBP 164 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":437,"width":419,"height":12}},{"id":"89f74332-25f3-43e8-8d46-5e2f142d9d9d","block_type":"box","text":"1","page_number":112,"box":{"x":793,"y":437,"width":4,"height":9}},{"id":"493ee087-36cd-4523-ae69-1b29c16da754","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":442,"width":9,"height":1}},{"id":"2b4a4dab-2b05-4cd1-9b72-bd9ff9442bd0","block_type":"box","text":"JPY (8,378)","page_number":112,"box":{"x":108,"y":453,"width":87,"height":11}},{"id":"16f099ca-c796-4fa5-8c48-14d643359eea","block_type":"box","text":"Sold JPY, Bought GBP 39 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":453,"width":409,"height":11}},{"id":"b0fabe61-9adc-462e-b428-218fc3763494","block_type":"box","text":"–","page_number":112,"box":{"x":791,"y":458,"width":9,"height":1}},{"id":"16ef65c8-32fe-4f5b-a1c8-89507a14bcff","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":458,"width":9,"height":1}},{"id":"6c12c4d1-97e5-417f-8aec-3acdb8b004d0","block_type":"box","text":"JPY (11,887)","page_number":112,"box":{"x":100,"y":468,"width":95,"height":11}},{"id":"b973fee7-fc05-4e19-8697-ccac8bf37218","block_type":"box","text":"Sold JPY, Bought GBP 56 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":468,"width":409,"height":11}},{"id":"0976ddae-f7e6-44a8-abb4-aa8e0ac32003","block_type":"box","text":"–","page_number":112,"box":{"x":791,"y":473,"width":9,"height":1}},{"id":"7352842f-1368-4b76-b7e4-c70641a5e28f","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":473,"width":9,"height":1}},{"id":"0c829505-8d9e-414d-8b3b-c1c39e137bd1","block_type":"box","text":"USD (1,270,048)","page_number":112,"box":{"x":71,"y":483,"width":124,"height":12}},{"id":"6bf74c6b-15d9-4f20-b1e6-15e563342eb4","block_type":"box","text":"Sold USD, Bought GBP 960,843 for settlement on","page_number":112,"box":{"x":230,"y":483,"width":375,"height":12}},{"id":"6c9561f5-f9d0-4a9a-83dd-f383745fdd28","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":498,"width":83,"height":8}},{"id":"55cc1e49-b2d8-402b-a411-9a470f05685a","block_type":"box","text":"10,025","page_number":112,"box":{"x":751,"y":498,"width":48,"height":10}},{"id":"2ad74670-e5a1-4170-ae20-82fc552f284a","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":503,"width":9,"height":1}},{"id":"1a1d0f4f-d75e-4ac9-9fd0-39ae40542f2c","block_type":"box","text":"USD (1,017,158)","page_number":112,"box":{"x":71,"y":513,"width":124,"height":11}},{"id":"94723ce1-72f4-4b09-8994-222e456a2209","block_type":"box","text":"Sold USD, Bought EUR 886,268 for settlement on","page_number":112,"box":{"x":230,"y":513,"width":375,"height":11}},{"id":"df32cd87-e431-4aef-8404-2fedf050edc0","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":527,"width":83,"height":9}},{"id":"5bd3f939-bb57-4b30-b67a-5c03cf03cf9a","block_type":"box","text":"(1,880)","page_number":112,"box":{"x":748,"y":527,"width":52,"height":11}},{"id":"edd095e2-1581-49cc-8d2a-eba928285962","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":532,"width":9,"height":1}},{"id":"e04dd0de-283d-435d-b30a-3510e221e555","block_type":"box","text":"USD (138,579)","page_number":112,"box":{"x":85,"y":543,"width":110,"height":11}},{"id":"eba79171-e250-400c-97f7-ce2f8380b6af","block_type":"box","text":"Sold USD, Bought EUR 120,746 for settlement on","page_number":112,"box":{"x":230,"y":543,"width":375,"height":11}},{"id":"61f5dee5-2c85-4ced-be5a-0a4c0249404a","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":557,"width":83,"height":9}},{"id":"6c14e908-b67a-43fb-ba1e-a46429cd0ced","block_type":"box","text":"(256)","page_number":112,"box":{"x":762,"y":557,"width":38,"height":11}},{"id":"2bf2d96b-a51d-4eb8-b5f3-958d97a5fb7f","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":562,"width":9,"height":1}},{"id":"725a6364-361a-4c19-9d05-d2294f3511f0","block_type":"box","text":"USD (1,448)","page_number":112,"box":{"x":104,"y":572,"width":91,"height":11}},{"id":"dba60e60-46a5-4b10-94df-b9bbf0142695","block_type":"box","text":"Sold USD, Bought GBP 1,094 for settlement on","page_number":112,"box":{"x":230,"y":572,"width":356,"height":11}},{"id":"55a6f273-3e1b-4327-87db-b6054e725e32","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":586,"width":83,"height":9}},{"id":"97fe4de1-1254-4436-a949-5f6dfaa5cca7","block_type":"box","text":"10","page_number":112,"box":{"x":783,"y":587,"width":16,"height":8}},{"id":"4bf6c717-1ce8-43b1-835a-cf08e62e2a02","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":592,"width":9,"height":1}},{"id":"355cd40c-b001-45ce-a606-e2597e831cf2","block_type":"box","text":"USD (1,550)","page_number":112,"box":{"x":104,"y":602,"width":91,"height":11}},{"id":"6e0f8689-fb0c-496b-a7dc-4a1e51769ede","block_type":"box","text":"Sold USD, Bought GBP 1,172 for settlement on","page_number":112,"box":{"x":230,"y":602,"width":356,"height":11}},{"id":"ce5b43ac-94f3-4e1f-ab91-e22cec7face6","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":616,"width":83,"height":9}},{"id":"ce084c64-2ed0-48b7-84f0-92e81dd3cbf8","block_type":"box","text":"12","page_number":112,"box":{"x":783,"y":616,"width":16,"height":9}},{"id":"f6a83991-83b8-4c58-b705-f52a0fde96b3","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":621,"width":9,"height":1}},{"id":"3332f70d-4bda-4274-97f3-2124a227373c","block_type":"box","text":"USD (464,128)","page_number":112,"box":{"x":85,"y":631,"width":110,"height":12}},{"id":"d41314ed-fd52-4ae0-8d78-b4d72ee38385","block_type":"box","text":"Sold USD, Bought GBP 351,132 for settlement on","page_number":112,"box":{"x":230,"y":631,"width":375,"height":12}},{"id":"f8125ff4-4627-4ed7-be3a-4a4c73d5908e","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":646,"width":83,"height":9}},{"id":"562204b1-e98f-420c-8ad0-e0b58dd0e330","block_type":"box","text":"3,664","page_number":112,"box":{"x":759,"y":646,"width":40,"height":10}},{"id":"fe7e0351-a208-4b8c-9c39-fda9e34b7e82","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":651,"width":9,"height":1}},{"id":"4a3127e9-5139-4a4d-919f-481c7c0651fa","block_type":"box","text":"USD (8,902,727)","page_number":112,"box":{"x":71,"y":661,"width":124,"height":11}},{"id":"cd465e62-c5f7-4dd8-9f7b-69e21c146520","block_type":"box","text":"Sold USD, Bought GBP 6,735,276 for settlement on","page_number":112,"box":{"x":230,"y":661,"width":389,"height":11}},{"id":"cad397dc-b683-42b1-9153-e1821d736e26","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":675,"width":83,"height":9}},{"id":"244ee97f-87d4-4144-b1ac-efc0462d90b2","block_type":"box","text":"70,275","page_number":112,"box":{"x":750,"y":675,"width":49,"height":11}},{"id":"cd291187-f2fe-4d6a-8444-813cba519191","block_type":"box","text":"0.02","page_number":112,"box":{"x":925,"y":675,"width":31,"height":9}},{"id":"a34de751-a800-4672-aa8e-0cb6e5ebfde4","block_type":"box","text":"USD (1,442)","page_number":112,"box":{"x":104,"y":691,"width":91,"height":11}},{"id":"52d73716-dbaf-4dea-bb2c-fa02cebc49a8","block_type":"box","text":"Sold USD, Bought GBP 1,091 for settlement on","page_number":112,"box":{"x":230,"y":691,"width":350,"height":11}},{"id":"ecf4aae7-70a9-489e-a989-8e39baf59866","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":705,"width":83,"height":9}},{"id":"1ddece86-ead2-4882-8b77-ba7908758555","block_type":"box","text":"12","page_number":112,"box":{"x":783,"y":705,"width":16,"height":9}},{"id":"4a1036b3-5c9d-4977-97cf-bbb44826ce58","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":710,"width":9,"height":1}},{"id":"d53a02ef-8921-4415-af9f-78dca1bf0b98","block_type":"box","text":"USD (166,232)","page_number":112,"box":{"x":85,"y":720,"width":110,"height":12}},{"id":"89ec8ff6-0094-4d7c-9e59-3f645e38dbcd","block_type":"box","text":"Sold USD, Bought EUR 144,841 for settlement on","page_number":112,"box":{"x":230,"y":720,"width":369,"height":12}},{"id":"09dcdc1c-8f48-44cb-bdce-5e300e100830","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":735,"width":83,"height":8}},{"id":"64a17d06-cb91-4b1c-97fb-64c508c12f28","block_type":"box","text":"(307)","page_number":112,"box":{"x":762,"y":735,"width":38,"height":11}},{"id":"d71adfdc-e378-4986-81a7-a9a95a8a91b0","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":740,"width":9,"height":1}},{"id":"79ca8575-0a89-48b0-a5cd-8804fa439b03","block_type":"box","text":"USD (112,573)","page_number":112,"box":{"x":86,"y":750,"width":109,"height":11}},{"id":"d3f75676-c713-43d3-b776-8126f6dd8901","block_type":"box","text":"Sold USD, Bought GBP 85,166 for settlement on","page_number":112,"box":{"x":230,"y":750,"width":360,"height":11}},{"id":"1dbeece0-d0a6-4f40-a706-95be00265ace","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":764,"width":83,"height":9}},{"id":"905751ae-e73c-4da3-861f-6e10f12d6e25","block_type":"box","text":"889","page_number":112,"box":{"x":773,"y":764,"width":26,"height":9}},{"id":"80844ca5-54d4-45b4-b8d9-a4372ebe801b","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":769,"width":9,"height":1}},{"id":"2f5b1233-542b-4a09-9d58-1c526803a3c0","block_type":"box","text":"USD (4,245)","page_number":112,"box":{"x":104,"y":780,"width":91,"height":11}},{"id":"2589c448-8eda-418f-98e5-43745390c471","block_type":"box","text":"Sold USD, Bought GBP 3,212 for settlement on","page_number":112,"box":{"x":230,"y":780,"width":350,"height":11}},{"id":"bf7d7073-5106-4f29-ab58-7a0d7a6c18c5","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":794,"width":83,"height":9}},{"id":"cc414f6e-9692-4aa9-837b-d7d4b0d85880","block_type":"box","text":"34","page_number":112,"box":{"x":782,"y":794,"width":17,"height":9}},{"id":"e3552e54-1436-474b-9bff-c547e25f4070","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":799,"width":9,"height":1}},{"id":"1c9fe393-8778-4848-8346-43dbd7cc92ee","block_type":"box","text":"USD (13,352)","page_number":112,"box":{"x":94,"y":809,"width":101,"height":11}},{"id":"bd64bf93-c2bb-4995-958a-1849af5b0e2f","block_type":"box","text":"Sold USD, Bought GBP 9,985 for settlement on","page_number":112,"box":{"x":230,"y":809,"width":350,"height":11}},{"id":"f844dc51-097e-4e98-b975-f910fb51731c","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":823,"width":83,"height":9}},{"id":"3fe16e93-4bda-45d3-a6ee-3c2ab1720e4a","block_type":"box","text":"(11)","page_number":112,"box":{"x":773,"y":823,"width":27,"height":12}},{"id":"6134a041-7036-4b18-b4da-072cb5aaf744","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":829,"width":9,"height":1}},{"id":"cfd05cae-78f7-4046-b5c2-eb3bab20c8d7","block_type":"box","text":"USD (31,944)","page_number":112,"box":{"x":94,"y":839,"width":101,"height":11}},{"id":"4a851dc0-2395-440e-b07d-b7f904fb8104","block_type":"box","text":"Sold USD, Bought GBP 24,266 for settlement on","page_number":112,"box":{"x":230,"y":839,"width":365,"height":11}},{"id":"99f948bc-c726-4863-8aa8-69e133e11ac1","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":853,"width":83,"height":9}},{"id":"a492eb47-0bb4-4683-89db-2cceb2c214b8","block_type":"box","text":"351","page_number":112,"box":{"x":773,"y":853,"width":24,"height":9}},{"id":"6d638f1b-c1d7-4f01-a500-8f8719035a90","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":858,"width":9,"height":1}},{"id":"6d9306c5-4af4-462f-b625-9362c7bc2e48","block_type":"box","text":"USD (449)","page_number":112,"box":{"x":118,"y":868,"width":77,"height":12}},{"id":"0d647a16-6060-42ed-a35f-acc377f5a8f5","block_type":"box","text":"Sold USD, Bought GBP 337 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":868,"width":425,"height":12}},{"id":"de1cd7b7-b06e-44ea-8d2d-3b7489020715","block_type":"box","text":"–","page_number":112,"box":{"x":791,"y":874,"width":9,"height":1}},{"id":"c652149a-fe8b-446c-8491-e14016d59bee","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":874,"width":9,"height":1}},{"id":"31ff0742-01bf-410e-a98a-67f1f8ee1f7b","block_type":"box","text":"USD (1,031)","page_number":112,"box":{"x":104,"y":884,"width":91,"height":11}},{"id":"d78a662e-599e-490f-9f42-7bda4fe59973","block_type":"box","text":"Sold USD, Bought GBP 779 for settlement on 24/07/2026","page_number":112,"box":{"x":230,"y":884,"width":425,"height":11}},{"id":"3ac0dc4e-99ed-446e-94ff-36a223a51a6f","block_type":"box","text":"7","page_number":112,"box":{"x":792,"y":884,"width":7,"height":9}},{"id":"124c2580-9786-4844-91f1-d9033bcfdf46","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":889,"width":9,"height":1}},{"id":"733157bd-e9c1-452a-a3be-ab31699c0f16","block_type":"box","text":"USD (4,290)","page_number":112,"box":{"x":104,"y":899,"width":91,"height":11}},{"id":"8ff87cd4-9724-4e61-8bf2-de55514d2740","block_type":"box","text":"Sold USD, Bought GBP 3,245 for settlement on","page_number":112,"box":{"x":230,"y":899,"width":356,"height":11}},{"id":"789eb836-a75d-4d1e-a28d-fe6e5848ff08","block_type":"box","text":"24/07/2026","page_number":112,"box":{"x":229,"y":913,"width":83,"height":9}},{"id":"aefc8312-ea1f-4034-9f7f-41dd795dd95e","block_type":"box","text":"33","page_number":112,"box":{"x":782,"y":913,"width":17,"height":9}},{"id":"e49e6bc2-a6eb-4e57-9040-6dcd761bae7b","block_type":"box","text":"–","page_number":112,"box":{"x":948,"y":919,"width":9,"height":0}},{"id":"b67a4ba0-d093-4009-a16c-afba9158ecac","block_type":"box","text":"112","page_number":113,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"3c5fe14d-f60b-410a-973a-0102583b235b","block_type":"box","text":"SARASIN Global Dividend","page_number":113,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"80a62f35-e7ef-4798-b065-4de6c147a364","block_type":"box","text":"Portfolio Statement (continued)","page_number":113,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"8a8d8a01-c351-43d5-a883-c00743dfdd28","block_type":"box","text":"Holding","page_number":113,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"b8c1d428-8e36-434b-babd-7f7938f8d8bd","block_type":"box","text":"Investment","page_number":113,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"3bcf211b-a70e-4f6c-bc9e-79f1cb1b76fa","block_type":"box","text":"Market","page_number":113,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"d78cf152-ca42-460b-a663-a5416c64883f","block_type":"box","text":"Value","page_number":113,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"a0251a83-0b7f-46f2-a28f-d3f9b49b2b09","block_type":"box","text":"£","page_number":113,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"821f9390-f418-46c8-8b64-a3735a8f8f07","block_type":"box","text":"% of","page_number":113,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"188aa9bb-8c44-4aec-a949-ca1e695c16ec","block_type":"box","text":"Net Assets","page_number":113,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"77e2b9c1-e7c2-4028-a08b-85f90e0e33eb","block_type":"box","text":"Forward Currency Contracts (continued)","page_number":113,"box":{"x":43,"y":164,"width":322,"height":11}},{"id":"437ca12a-2bdc-48fd-b8d3-76691a4a3eae","block_type":"box","text":"USD (810,565)","page_number":113,"box":{"x":85,"y":183,"width":110,"height":11}},{"id":"76284a89-3f1d-41bc-952f-562547406d58","block_type":"box","text":"Sold USD, Bought GBP 613,225 for settlement on","page_number":113,"box":{"x":230,"y":183,"width":375,"height":11}},{"id":"a7af95b9-954d-447f-af97-f1d564da2079","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"5a862ace-e897-455f-90d9-26d0e68c3c7b","block_type":"box","text":"6,398","page_number":113,"box":{"x":759,"y":197,"width":40,"height":10}},{"id":"18d9031e-3e50-4cd9-97bb-a97643e7f5b4","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":202,"width":9,"height":1}},{"id":"dcc08606-9763-4d10-9b0b-e679a23812f9","block_type":"box","text":"USD (47,601)","page_number":113,"box":{"x":94,"y":212,"width":101,"height":12}},{"id":"c3e4ee47-541a-49cd-a17e-b8d651e00db7","block_type":"box","text":"Sold USD, Bought GBP 36,095 for settlement on","page_number":113,"box":{"x":230,"y":212,"width":365,"height":12}},{"id":"e9d55cb4-a12c-4f35-a801-dd6e364a121f","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":227,"width":83,"height":8}},{"id":"2d8907ed-c02f-4b0c-9186-74537e893370","block_type":"box","text":"459","page_number":113,"box":{"x":772,"y":227,"width":27,"height":8}},{"id":"68ba6174-9d60-4f00-b465-d8c3e2fa6ae2","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":232,"width":9,"height":1}},{"id":"b8a0cac2-c5c0-4972-a219-871bf0e103c9","block_type":"box","text":"USD (9,513,816)","page_number":113,"box":{"x":71,"y":242,"width":124,"height":11}},{"id":"36b7a2d6-9818-4643-b22f-a51f96ad9bee","block_type":"box","text":"Sold USD, Bought GBP 7,197,590 for settlement on","page_number":113,"box":{"x":230,"y":242,"width":389,"height":11}},{"id":"7146b759-cbec-437b-be24-214af96f0702","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":256,"width":83,"height":9}},{"id":"3355e608-60db-438b-a589-2fbaa094a225","block_type":"box","text":"75,098","page_number":113,"box":{"x":750,"y":256,"width":49,"height":11}},{"id":"c0ec3e10-cabb-4e0a-9132-270d02786131","block_type":"box","text":"0.02","page_number":113,"box":{"x":925,"y":256,"width":31,"height":9}},{"id":"c15c309c-cb55-4373-8b58-dcfa8201fe1b","block_type":"box","text":"USD (2)","page_number":113,"box":{"x":136,"y":272,"width":59,"height":11}},{"id":"55d3c95f-977b-45d1-933c-6647f196b48a","block_type":"box","text":"Sold USD, Bought GBP 1 for settlement on 24/07/2026","page_number":113,"box":{"x":230,"y":272,"width":407,"height":11}},{"id":"a0201197-7151-42a7-954e-041802178075","block_type":"box","text":"–","page_number":113,"box":{"x":791,"y":277,"width":9,"height":1}},{"id":"5c1c2faa-3159-41c3-b71a-df92ca12b963","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":277,"width":9,"height":1}},{"id":"c32bd822-6b4a-4664-ade7-f681533aa12a","block_type":"box","text":"USD (237,129)","page_number":113,"box":{"x":85,"y":287,"width":110,"height":11}},{"id":"b922273a-3acc-46c0-9f61-1b74293678a8","block_type":"box","text":"Sold USD, Bought EUR 206,615 for settlement on","page_number":113,"box":{"x":230,"y":287,"width":375,"height":11}},{"id":"ddec7762-6515-4549-915b-c76c88d66374","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":301,"width":83,"height":9}},{"id":"ff7acae9-686b-4d97-be31-c5446ee8d062","block_type":"box","text":"(438)","page_number":113,"box":{"x":762,"y":301,"width":38,"height":11}},{"id":"6b4e87e2-cf5d-4dde-b9d6-f8e922c593cb","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":306,"width":9,"height":1}},{"id":"b724b09a-3f79-4724-9521-d896ea694016","block_type":"box","text":"USD (46,451,159)","page_number":113,"box":{"x":62,"y":317,"width":133,"height":11}},{"id":"3c2a373d-ef13-4457-96e3-a880e3e513f7","block_type":"box","text":"Sold USD, Bought GBP 35,142,198 for settlement on","page_number":113,"box":{"x":230,"y":317,"width":398,"height":11}},{"id":"a50012b3-aea3-4b0a-8a6d-ecb983080c95","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":331,"width":83,"height":9}},{"id":"f89947f5-4929-435e-844c-0dc9bb953177","block_type":"box","text":"366,667","page_number":113,"box":{"x":740,"y":331,"width":59,"height":10}},{"id":"c158132c-0cdf-4c59-b997-9217839c60e2","block_type":"box","text":"0.08","page_number":113,"box":{"x":925,"y":331,"width":31,"height":9}},{"id":"875fa2b3-5955-4f1e-a0cd-999d252f3002","block_type":"box","text":"USD (1,683)","page_number":113,"box":{"x":104,"y":346,"width":91,"height":11}},{"id":"1cf6e90f-58fd-46d1-a378-b62c3c89caca","block_type":"box","text":"Sold USD, Bought GBP 1,278 for settlement on","page_number":113,"box":{"x":230,"y":346,"width":356,"height":11}},{"id":"85c8d002-dab6-4a94-8256-07950e453ce4","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":360,"width":83,"height":9}},{"id":"98345e1b-571e-42ab-b4e9-f321013dc910","block_type":"box","text":"18","page_number":113,"box":{"x":783,"y":361,"width":16,"height":8}},{"id":"fce1a1d6-c601-487d-bc7f-438210d0b947","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":366,"width":9,"height":1}},{"id":"43ca2fa3-ccb8-460f-a041-869c67bd0adc","block_type":"box","text":"USD (2,257,011)","page_number":113,"box":{"x":72,"y":376,"width":123,"height":11}},{"id":"c6798878-d252-481f-899a-437325106afe","block_type":"box","text":"Sold USD, Bought GBP 1,707,521 for settlement on","page_number":113,"box":{"x":230,"y":376,"width":389,"height":11}},{"id":"9d765955-aa35-4471-8af9-1fdbf301b7ea","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":390,"width":83,"height":9}},{"id":"f0657ccf-4204-4a3b-baef-e6e28b26fbf5","block_type":"box","text":"17,816","page_number":113,"box":{"x":751,"y":390,"width":48,"height":11}},{"id":"01a66689-87f9-4eb3-bcc9-75f8c54cd670","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":395,"width":9,"height":1}},{"id":"1c4d4901-3986-4c5c-9542-3202c760089a","block_type":"box","text":"USD (1,566)","page_number":113,"box":{"x":104,"y":405,"width":91,"height":12}},{"id":"eef1b156-c3ae-47e3-ad85-8b18ade92697","block_type":"box","text":"Sold USD, Bought GBP 1,181 for settlement on","page_number":113,"box":{"x":230,"y":405,"width":356,"height":12}},{"id":"810ba64e-9fb0-43f8-832e-0c8c921c201a","block_type":"box","text":"24/07/2026","page_number":113,"box":{"x":229,"y":420,"width":83,"height":9}},{"id":"a08cce84-12f5-4b79-801b-ab3ab1b8402b","block_type":"box","text":"8","page_number":113,"box":{"x":792,"y":420,"width":7,"height":9}},{"id":"89d6e229-45ce-4bc5-ae3a-aa2ca6310664","block_type":"box","text":"–","page_number":113,"box":{"x":948,"y":425,"width":9,"height":1}},{"id":"1e6d59c0-ae5c-4c1f-aa90-4d56fb87af6e","block_type":"box","text":"967,432","page_number":113,"box":{"x":740,"y":438,"width":59,"height":10}},{"id":"cae8a4c3-d2f4-4c6e-8476-6ff3fdc7aa70","block_type":"box","text":"0.20","page_number":113,"box":{"x":925,"y":438,"width":31,"height":8}},{"id":"fa4bf18a-66b4-4aa3-a106-a4993d7f6396","block_type":"box","text":"Total Value of Investments 98.43%","page_number":113,"box":{"x":229,"y":478,"width":271,"height":9}},{"id":"a74fdd43-c9ee-4bf9-880b-54d51274b086","block_type":"box","text":"(31 December 2025 - 99.42%)","page_number":113,"box":{"x":230,"y":493,"width":228,"height":12}},{"id":"30edc209-6bad-44ee-9bcb-f1ebe5bb8600","block_type":"box","text":"475,491,925","page_number":113,"box":{"x":707,"y":493,"width":92,"height":11}},{"id":"9e234804-0245-4c5a-816e-18fdc4b27eba","block_type":"box","text":"98.43","page_number":113,"box":{"x":916,"y":493,"width":40,"height":9}},{"id":"1b8203ef-1b73-4b5e-af11-640030f08715","block_type":"box","text":"Net Other Assets","page_number":113,"box":{"x":230,"y":509,"width":134,"height":9}},{"id":"d1105e23-2a60-47ca-9f0b-4f5fe4dca4ee","block_type":"box","text":"7,603,061","page_number":113,"box":{"x":726,"y":509,"width":71,"height":10}},{"id":"d7759d57-c459-4f78-bc3d-bb7c7b16c48d","block_type":"box","text":"1.57","page_number":113,"box":{"x":926,"y":509,"width":30,"height":9}},{"id":"70e40b60-9137-4cc8-a4c8-a894d0d73781","block_type":"box","text":"Net assets","page_number":113,"box":{"x":230,"y":527,"width":82,"height":8}},{"id":"c5a6bd02-f3b4-415a-a42e-1fea07674b42","block_type":"box","text":"483,094,986","page_number":113,"box":{"x":707,"y":527,"width":93,"height":10}},{"id":"6b220b30-780d-4db6-97e7-4238ead685ae","block_type":"box","text":"100.00","page_number":113,"box":{"x":907,"y":527,"width":49,"height":8}},{"id":"39cfbc5c-4b54-4329-87af-11d22feec411","block_type":"box","text":"All holdings are ordinary shares of stock and are listed on an official stock exchange unless otherwise stated.","page_number":113,"box":{"x":42,"y":564,"width":806,"height":11}},{"id":"a2ca0398-7938-4836-b302-643506d3b27a","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":113,"box":{"x":42,"y":593,"width":416,"height":9}},{"id":"159749cb-b443-48f1-a0c1-8f28d4567b05","block_type":"box","text":"Equities","page_number":113,"box":{"x":230,"y":608,"width":58,"height":11}},{"id":"5b93ee03-c2f6-4b86-bb2b-4cf534d08d29","block_type":"box","text":"474,524,493","page_number":113,"box":{"x":707,"y":608,"width":92,"height":10}},{"id":"7c34f5a6-986d-4411-8d4d-3a864c9ce541","block_type":"box","text":"98.23","page_number":113,"box":{"x":916,"y":608,"width":40,"height":9}},{"id":"d5edbd5f-5813-4be8-917f-c53f78287af5","block_type":"box","text":"Forward Currency Contracts","page_number":113,"box":{"x":230,"y":623,"width":209,"height":12}},{"id":"02ded6d8-85ea-4369-bbe0-989e6700c787","block_type":"box","text":"967,432","page_number":113,"box":{"x":740,"y":623,"width":59,"height":11}},{"id":"9c9ae4af-c43b-4a1a-8f4f-a9207dec3147","block_type":"box","text":"0.20","page_number":113,"box":{"x":925,"y":623,"width":31,"height":9}},{"id":"d6316e30-7262-4562-96f2-d3b7c17047cc","block_type":"box","text":"Net Other Assets","page_number":113,"box":{"x":230,"y":639,"width":125,"height":9}},{"id":"af78b9e0-8df1-4854-b947-34b2c08150df","block_type":"box","text":"7,603,061","page_number":113,"box":{"x":726,"y":639,"width":71,"height":10}},{"id":"de6c2ef2-3f72-48d0-9e0e-71e33089e55b","block_type":"box","text":"1.57","page_number":113,"box":{"x":926,"y":639,"width":30,"height":9}},{"id":"18c1823b-59bd-4869-8844-73431c486333","block_type":"box","text":"483,094,986","page_number":113,"box":{"x":707,"y":657,"width":93,"height":10}},{"id":"acba83c4-f331-41e5-b556-bbdb930aa58f","block_type":"box","text":"100.00","page_number":113,"box":{"x":907,"y":657,"width":49,"height":8}},{"id":"8abb4e57-5296-4782-a69e-3826e77c1f0f","block_type":"box","text":"113","page_number":114,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"c8c6d6d9-2c9d-4914-bd9f-da699c427bfb","block_type":"box","text":"SARASIN Global Dividend","page_number":114,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"479cfede-4e64-49bd-9942-139b3dc17a6d","block_type":"box","text":"Statement of Total Return","page_number":114,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"7b60773b-2c5a-4334-86fd-c5b58b6402ac","block_type":"box","text":"F","page_number":114,"box":{"x":43,"y":95,"width":8,"height":9}},{"id":"4f0c3a92-3b04-4b0b-868e-2430263d97e2","block_type":"box","text":"or the period ended","page_number":114,"box":{"x":53,"y":95,"width":149,"height":11}},{"id":"8c851529-28e3-4a35-997c-5ceb997abdb6","block_type":"box","text":"3 July","page_number":114,"box":{"x":203,"y":95,"width":43,"height":11}},{"id":"7592e09d-cbba-4a46-adae-7d8806bf5ff2","block_type":"box","text":"2026","page_number":114,"box":{"x":246,"y":95,"width":42,"height":9}},{"id":"8e34f175-7145-41ae-b1c5-62fc1d4445c0","block_type":"box","text":"(unaudited)","page_number":114,"box":{"x":288,"y":95,"width":89,"height":11}},{"id":"1859665b-dd39-4f94-814e-15b5a57073a8","block_type":"box","text":"03.07.","page_number":114,"box":{"x":639,"y":125,"width":36,"height":7}},{"id":"36f6c428-bf09-4e90-89e3-d5aaaa922b18","block_type":"box","text":"2026","page_number":114,"box":{"x":676,"y":125,"width":29,"height":7}},{"id":"55fe1f1a-8b76-46dc-8aa5-321d6d715f79","block_type":"box","text":"1","page_number":114,"box":{"x":706,"y":125,"width":3,"height":4}},{"id":"81ce63d1-975d-4b4f-b2d7-fdf0f463d643","block_type":"box","text":"30.06.2025","page_number":114,"box":{"x":890,"y":125,"width":67,"height":7}},{"id":"85acee05-6122-4e5d-93a0-7ae6147b93c1","block_type":"box","text":"£","page_number":114,"box":{"x":579,"y":140,"width":7,"height":7}},{"id":"9efeabfc-9121-40ba-a47f-5fca687c36c5","block_type":"box","text":"£","page_number":114,"box":{"x":702,"y":140,"width":8,"height":7}},{"id":"a0517575-46cc-48cc-ad6b-dbb8710197d7","block_type":"box","text":"£","page_number":114,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"68e1b343-2a23-409a-b8a9-9ab707a8d485","block_type":"box","text":"£","page_number":114,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"af234a97-453e-4261-b528-73cd52848da0","block_type":"box","text":"Income","page_number":114,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"eaf35bda-ff22-4e88-bf1d-6e5dc6862a41","block_type":"box","text":"Net capital gains","page_number":114,"box":{"x":55,"y":193,"width":122,"height":12}},{"id":"7d531989-7d19-4739-b193-681d7cc8a7bb","block_type":"box","text":"30,704,830","page_number":114,"box":{"x":626,"y":193,"width":83,"height":11}},{"id":"0ee69b52-54f7-414e-910f-faaac4e069a0","block_type":"box","text":"1,976,994","page_number":114,"box":{"x":884,"y":193,"width":72,"height":11}},{"id":"c2e48037-c716-47aa-9528-9dbcd4d9de08","block_type":"box","text":"Revenue","page_number":114,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"b6e58933-2178-49a4-80cc-19d53a3aa3d5","block_type":"box","text":"6,908,712","page_number":114,"box":{"x":512,"y":210,"width":73,"height":10}},{"id":"f3ec9aee-5b68-43cd-8267-77f7c56db1a7","block_type":"box","text":"3,808,592","page_number":114,"box":{"x":759,"y":210,"width":74,"height":10}},{"id":"06924683-6d00-4503-872a-233cd2315013","block_type":"box","text":"Expenses","page_number":114,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"c58a0e30-625a-4383-a603-180e56c8a460","block_type":"box","text":"(1,288,331)","page_number":114,"box":{"x":501,"y":225,"width":84,"height":12}},{"id":"516c282d-a256-4d63-b912-db0ee7713742","block_type":"box","text":"(801,648)","page_number":114,"box":{"x":763,"y":225,"width":70,"height":12}},{"id":"631ee73a-006c-433e-9dec-d5e4be4296df","block_type":"box","text":"Interest payable and similar expenses","page_number":114,"box":{"x":43,"y":242,"width":280,"height":11}},{"id":"af526259-7fa1-4d2f-ae52-987706e21bec","block_type":"box","text":"(55)","page_number":114,"box":{"x":557,"y":242,"width":28,"height":11}},{"id":"02561344-1810-4455-9113-e8c712b72432","block_type":"box","text":"(771)","page_number":114,"box":{"x":795,"y":242,"width":38,"height":11}},{"id":"8740985d-d958-469d-b35f-ae3e837b7974","block_type":"box","text":"Net revenue before taxation","page_number":114,"box":{"x":43,"y":262,"width":205,"height":9}},{"id":"113981fe-4b2c-4975-ae4f-dbec7ad2dd48","block_type":"box","text":"5,620,326","page_number":114,"box":{"x":512,"y":262,"width":73,"height":10}},{"id":"9480d5f5-d6c8-461c-9900-9f112b310a99","block_type":"box","text":"3,006,173","page_number":114,"box":{"x":759,"y":262,"width":74,"height":10}},{"id":"a66456d7-4355-42da-bc8a-6cff7beb013c","block_type":"box","text":"Taxation","page_number":114,"box":{"x":42,"y":278,"width":61,"height":9}},{"id":"d29703e9-1e4a-46c1-bda0-1502577e442d","block_type":"box","text":"(502,586)","page_number":114,"box":{"x":515,"y":278,"width":70,"height":11}},{"id":"7432f5bf-0ff2-4e62-96bf-5c417adbe105","block_type":"box","text":"(329,475)","page_number":114,"box":{"x":763,"y":278,"width":70,"height":11}},{"id":"d3fd6d23-2549-48ff-8393-2b6cdef77599","block_type":"box","text":"Net revenue after taxation for the period","page_number":114,"box":{"x":43,"y":294,"width":317,"height":11}},{"id":"322b3db1-219a-4607-a28a-775ba65e350b","block_type":"box","text":"5,117,740","page_number":114,"box":{"x":637,"y":294,"width":72,"height":11}},{"id":"246ad6c9-0752-4d5d-908f-5d189e84e0cc","block_type":"box","text":"2,676,698","page_number":114,"box":{"x":883,"y":294,"width":73,"height":11}},{"id":"0e2c3705-82e9-47b6-84d0-a9bcffea5781","block_type":"box","text":"Total returns before distributions","page_number":114,"box":{"x":42,"y":315,"width":263,"height":8}},{"id":"a04b386b-70a2-4801-b8f8-ed13eb7edef2","block_type":"box","text":"35,822,570","page_number":114,"box":{"x":626,"y":315,"width":83,"height":10}},{"id":"44b73dfc-02dc-4e33-97b5-a9f192822ff0","block_type":"box","text":"4,653,692","page_number":114,"box":{"x":883,"y":315,"width":73,"height":10}},{"id":"45e7a280-9254-4ed4-8674-dc5d49d2b0a4","block_type":"box","text":"Distributions","page_number":114,"box":{"x":43,"y":331,"width":91,"height":8}},{"id":"c890a31a-eccc-42dc-8a7f-45fcfe6915d3","block_type":"box","text":"(6,339,105)","page_number":114,"box":{"x":625,"y":331,"width":84,"height":11}},{"id":"dbfb8bde-d8ff-47bf-b960-53c64e5b306a","block_type":"box","text":"(3,448,707)","page_number":114,"box":{"x":872,"y":331,"width":85,"height":11}},{"id":"31c10b39-7037-49c3-9d7b-8278a05c781f","block_type":"box","text":"Change in net assets attributable to","page_number":114,"box":{"x":43,"y":365,"width":288,"height":12}},{"id":"d72e299e-f37c-41da-9baf-a11b873438ca","block_type":"box","text":"shareholders from investment activities","page_number":114,"box":{"x":54,"y":380,"width":316,"height":8}},{"id":"0b929b94-2316-48cf-947e-64414073ea72","block_type":"box","text":"29,483,465","page_number":114,"box":{"x":626,"y":378,"width":83,"height":10}},{"id":"c68a5236-efed-4bcb-8782-6ad3926c062c","block_type":"box","text":"1,204,985","page_number":114,"box":{"x":884,"y":378,"width":72,"height":10}},{"id":"667aa99d-e4f7-4c3b-a3a0-8cfa5e37dbc3","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":114,"box":{"x":43,"y":422,"width":620,"height":14}},{"id":"982bd024-9cee-4c8b-a577-9d60f68ac2ea","block_type":"box","text":"F","page_number":114,"box":{"x":43,"y":438,"width":8,"height":9}},{"id":"b2d1bb4a-6147-4aa0-a9dc-a79880afa28e","block_type":"box","text":"or the period ended","page_number":114,"box":{"x":53,"y":438,"width":149,"height":11}},{"id":"969b36db-2239-4f26-8358-6d05960a122d","block_type":"box","text":"3 July","page_number":114,"box":{"x":203,"y":438,"width":43,"height":11}},{"id":"1292ef42-09bd-4cb4-abf3-5ca909ccc196","block_type":"box","text":"2026","page_number":114,"box":{"x":246,"y":438,"width":42,"height":9}},{"id":"a88bac20-8ff9-4382-93ad-171421eb7c7c","block_type":"box","text":"(unaudited)","page_number":114,"box":{"x":288,"y":438,"width":89,"height":11}},{"id":"d597ca0c-7613-414d-a8f9-46a697726705","block_type":"box","text":"03.07","page_number":114,"box":{"x":636,"y":468,"width":32,"height":7}},{"id":"ef2a4119-7dfd-4e15-9e93-595f801758cb","block_type":"box","text":".2026","page_number":114,"box":{"x":670,"y":468,"width":32,"height":7}},{"id":"9d73e7cb-b6e8-45f0-8424-03785918b465","block_type":"box","text":"1","page_number":114,"box":{"x":703,"y":468,"width":2,"height":4}},{"id":"83a2e327-cb2f-4b19-87db-97ff1f3c6ba7","block_type":"box","text":"30.06.2025","page_number":114,"box":{"x":888,"y":468,"width":66,"height":7}},{"id":"e4f15f9c-2570-42fa-9b6e-0edf80bc7523","block_type":"box","text":"£","page_number":114,"box":{"x":578,"y":483,"width":8,"height":7}},{"id":"b89adec0-416a-4e78-ba15-dd647cb21cc5","block_type":"box","text":"£","page_number":114,"box":{"x":699,"y":483,"width":7,"height":7}},{"id":"ecb1f374-5fe3-487e-8b7f-437e5a9a9f18","block_type":"box","text":"£","page_number":114,"box":{"x":826,"y":483,"width":7,"height":7}},{"id":"7e5b8533-98da-4302-9246-bb7d51a16cb9","block_type":"box","text":"£","page_number":114,"box":{"x":947,"y":483,"width":7,"height":7}},{"id":"3441cdca-9d97-4584-ba20-4169f9077ef0","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":114,"box":{"x":43,"y":520,"width":380,"height":11}},{"id":"bee7968a-0a58-498f-aa10-b9b2e772bc7a","block_type":"box","text":"2","page_number":114,"box":{"x":424,"y":520,"width":4,"height":5}},{"id":"73ade6c7-4462-4d68-a20e-5c2a63a6ff30","block_type":"box","text":"499,995,945","page_number":114,"box":{"x":616,"y":520,"width":93,"height":11}},{"id":"60aa9c96-b3b6-4096-9acb-73ae091faccc","block_type":"box","text":"260,591,162","page_number":114,"box":{"x":864,"y":520,"width":92,"height":11}},{"id":"f4136b45-2599-4117-9b6b-04149f9e3b7c","block_type":"box","text":"Issue of shares","page_number":114,"box":{"x":43,"y":536,"width":112,"height":9}},{"id":"d171ce12-d76c-400a-86ee-cd44d1be1f1b","block_type":"box","text":"17,215,539","page_number":114,"box":{"x":500,"y":536,"width":82,"height":11}},{"id":"66999aa1-7529-4780-8207-db8337e3d615","block_type":"box","text":"30,355,334","page_number":114,"box":{"x":746,"y":536,"width":83,"height":11}},{"id":"4fbbf531-65b6-48ef-b94b-941a9c3aafc3","block_type":"box","text":"Cancellation of shares","page_number":114,"box":{"x":43,"y":552,"width":164,"height":9}},{"id":"af3c5be7-7412-4821-a49d-f86f9b073c49","block_type":"box","text":"(64,372,231)","page_number":114,"box":{"x":494,"y":552,"width":91,"height":12}},{"id":"08ccbc0d-afa3-437d-8280-51b44ccc6594","block_type":"box","text":"(39,808,141)","page_number":114,"box":{"x":741,"y":552,"width":92,"height":12}},{"id":"25d4b7a5-8363-416b-8a0f-9d10c9bb72d6","block_type":"box","text":"(47,156,692)","page_number":114,"box":{"x":615,"y":568,"width":94,"height":12}},{"id":"31c597f9-cf7f-4f60-b5cb-c0f988ea1500","block_type":"box","text":"(9,452,807)","page_number":114,"box":{"x":872,"y":568,"width":85,"height":12}},{"id":"18782e52-b1c9-426f-bf8b-6704169e3580","block_type":"box","text":"Single swing price adjustment","page_number":114,"box":{"x":43,"y":584,"width":221,"height":12}},{"id":"eca65b3d-713b-4ebb-bb35-6292cff30397","block_type":"box","text":"–","page_number":114,"box":{"x":700,"y":590,"width":10,"height":1}},{"id":"86bd5e75-3f64-4e21-816a-fb1715492c8a","block_type":"box","text":"2,586","page_number":114,"box":{"x":916,"y":585,"width":40,"height":10}},{"id":"046e87fe-1035-4d7e-b1d8-ec6bb287e508","block_type":"box","text":"Change in net assets attributable to","page_number":114,"box":{"x":43,"y":599,"width":268,"height":11}},{"id":"5632150d-fd0f-4a9d-91be-6188adeed8c5","block_type":"box","text":"shareholders from investment activities (see above)","page_number":114,"box":{"x":54,"y":615,"width":383,"height":11}},{"id":"038c0188-cdf4-4176-97ae-38dba610d753","block_type":"box","text":"29,483,465","page_number":114,"box":{"x":626,"y":615,"width":83,"height":10}},{"id":"ee0567f2-f498-4013-a858-751c568c5856","block_type":"box","text":"1,204,985","page_number":114,"box":{"x":884,"y":615,"width":72,"height":10}},{"id":"3fd7e3fc-0c19-4949-af82-083441ed0391","block_type":"box","text":"Retained distribution on accumulation shares","page_number":114,"box":{"x":43,"y":631,"width":333,"height":9}},{"id":"889048dd-496f-423a-a69d-deb71940b33f","block_type":"box","text":"772,268","page_number":114,"box":{"x":650,"y":631,"width":59,"height":10}},{"id":"76129998-56ac-463a-b188-ecc4f709763a","block_type":"box","text":"401,772","page_number":114,"box":{"x":897,"y":631,"width":59,"height":10}},{"id":"960a5a52-96a5-4215-9277-a580d5351b1a","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":114,"box":{"x":43,"y":648,"width":373,"height":11}},{"id":"bef5edbd-037e-491a-a75c-0bee99f92ffb","block_type":"box","text":"483,094,986","page_number":114,"box":{"x":616,"y":646,"width":93,"height":11}},{"id":"98877cf4-0fff-442a-959f-7558368ea699","block_type":"box","text":"252,747,698","page_number":114,"box":{"x":864,"y":646,"width":92,"height":11}},{"id":"d5770d29-eda0-4e0a-9533-593840649bd6","block_type":"box","text":"1","page_number":114,"box":{"x":43,"y":684,"width":2,"height":4}},{"id":"4534bde5-a237-4ea6-8d0a-70d0b77d2677","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 t","page_number":114,"box":{"x":46,"y":684,"width":426,"height":9}},{"id":"25cbb50b-91e7-42ab-b8dc-a7e7f97ef27c","block_type":"box","text":"o","page_number":114,"box":{"x":473,"y":686,"width":6,"height":5}},{"id":"6aa36f9c-6b4d-4eee-a6fe-ffc2ae4deffc","block_type":"box","text":"3 July 2026 as a one-off change arising from the transition of depositary","page_number":114,"box":{"x":484,"y":684,"width":425,"height":9}},{"id":"cf8bfba5-24f0-4d86-850a-2364e117d95a","block_type":"box","text":"services. The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution","page_number":114,"box":{"x":42,"y":696,"width":894,"height":7}},{"id":"429fc00c-c242-407b-8e96-625bc7eb9a2f","block_type":"box","text":"payable to shareholders.","page_number":114,"box":{"x":43,"y":707,"width":145,"height":9}},{"id":"5f55113b-b064-4041-b8de-9803dfb7261c","block_type":"box","text":"2","page_number":114,"box":{"x":42,"y":718,"width":4,"height":4}},{"id":"ffb0b056-6d95-4588-af7a-22d8a3ee23a3","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to th","page_number":114,"box":{"x":46,"y":719,"width":428,"height":9}},{"id":"85885fb7-4b76-4960-bfcc-f3eeac906a7e","block_type":"box","text":"e closing comparative position by the change in shareholders’ net assets for the","page_number":114,"box":{"x":476,"y":719,"width":472,"height":9}},{"id":"243a4df3-e72c-40b5-ad6d-b0c057e39203","block_type":"box","text":"second half of the comparative financial year.","page_number":114,"box":{"x":42,"y":730,"width":268,"height":9}},{"id":"68aa1f86-12bd-455d-b5e1-8c006e6fd5f6","block_type":"box","text":"114","page_number":115,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"1b26c4c6-50e6-4cc2-bed1-02a728de2cae","block_type":"box","text":"SARASIN Global Dividend","page_number":115,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"2e1175a2-0363-4d7b-8335-0bac88b892f3","block_type":"box","text":"Balance Sheet","page_number":115,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"fb63fc25-5a87-40be-9978-6fb15dce5857","block_type":"box","text":"As at","page_number":115,"box":{"x":42,"y":97,"width":43,"height":8}},{"id":"875d4ceb-dffc-429e-b7fe-537c7a4711ae","block_type":"box","text":"3 July 2026 (unaudited)","page_number":115,"box":{"x":85,"y":96,"width":175,"height":12}},{"id":"7610efe5-2ce6-4dd6-8964-c06cf6c5c8a6","block_type":"box","text":"03.07.2026","page_number":115,"box":{"x":645,"y":116,"width":66,"height":7}},{"id":"4ef2aa15-65dd-492e-ac38-d506252b7102","block_type":"box","text":"1","page_number":115,"box":{"x":712,"y":116,"width":3,"height":4}},{"id":"a331823d-6c41-4516-9eea-26058e98e7f6","block_type":"box","text":"31.12.2025","page_number":115,"box":{"x":888,"y":116,"width":66,"height":7}},{"id":"133fcd05-b9ee-4734-8fc4-d0e590cf142e","block_type":"box","text":"£","page_number":115,"box":{"x":712,"y":131,"width":7,"height":7}},{"id":"d8f23875-4134-4539-aa12-365ff4057d20","block_type":"box","text":"£","page_number":115,"box":{"x":950,"y":131,"width":7,"height":7}},{"id":"92568e0c-2430-472c-a177-9cb91f8518f6","block_type":"box","text":"Assets","page_number":115,"box":{"x":42,"y":168,"width":54,"height":9}},{"id":"528e68f1-e97f-49fe-8de3-40f85e4af964","block_type":"box","text":"Investments","page_number":115,"box":{"x":55,"y":184,"width":89,"height":9}},{"id":"e51bfddd-171c-4440-8f62-2a25a255ca15","block_type":"box","text":"475,525,777","page_number":115,"box":{"x":626,"y":184,"width":92,"height":11}},{"id":"9d2d64bb-f8ed-49f8-b5d7-4c24f1f94ef1","block_type":"box","text":"497,253,095","page_number":115,"box":{"x":864,"y":184,"width":92,"height":11}},{"id":"c51bd6f5-921e-4c32-8293-80688d324d6c","block_type":"box","text":"Amounts receivable","page_number":115,"box":{"x":54,"y":200,"width":146,"height":9}},{"id":"c6e986e7-a789-40d9-ad54-d4e20bb2b1b0","block_type":"box","text":"13,252,305","page_number":115,"box":{"x":637,"y":200,"width":81,"height":11}},{"id":"2edf80e7-cf2b-4782-9675-3a845af8e5ac","block_type":"box","text":"1,185,019","page_number":115,"box":{"x":884,"y":200,"width":72,"height":11}},{"id":"f5befd4b-5c34-4924-8ca4-59ca23a9a2a9","block_type":"box","text":"Cash and cash equivalents","page_number":115,"box":{"x":55,"y":216,"width":200,"height":11}},{"id":"ce006bf2-d53d-42b8-af99-8a829edaeb3c","block_type":"box","text":"5,915,117","page_number":115,"box":{"x":646,"y":216,"width":72,"height":11}},{"id":"494cd0ff-0df4-4bf1-8706-febb807354e5","block_type":"box","text":"4,168,459","page_number":115,"box":{"x":883,"y":216,"width":73,"height":11}},{"id":"cb596633-79f4-4882-8cfb-61802e3a4706","block_type":"box","text":"Total assets","page_number":115,"box":{"x":42,"y":234,"width":88,"height":8}},{"id":"b403a7e2-4cf1-463a-9d3f-a94b2eb23c5b","block_type":"box","text":"494,693,199","page_number":115,"box":{"x":626,"y":233,"width":92,"height":11}},{"id":"887ceeba-14f5-448c-a4ff-0baf5b738139","block_type":"box","text":"502,606,573","page_number":115,"box":{"x":864,"y":233,"width":92,"height":11}},{"id":"add36765-1d40-41cb-9488-0de891f3cc91","block_type":"box","text":"Liabilities","page_number":115,"box":{"x":43,"y":256,"width":75,"height":8}},{"id":"d6ceccb1-6bde-4f39-bb9d-a8eddbc60e59","block_type":"box","text":"Investments","page_number":115,"box":{"x":55,"y":272,"width":89,"height":8}},{"id":"45ecee36-67c8-4acb-9ff0-7c25b16e6bf4","block_type":"box","text":"(33,852)","page_number":115,"box":{"x":658,"y":271,"width":61,"height":12}},{"id":"44020182-11d6-47d2-96be-b159242a5d4e","block_type":"box","text":"(139,579)","page_number":115,"box":{"x":886,"y":271,"width":71,"height":12}},{"id":"a8a81f75-6576-4be5-a963-c525b0ac98be","block_type":"box","text":"Bank overdrafts","page_number":115,"box":{"x":55,"y":288,"width":116,"height":8}},{"id":"90f12412-4891-4ff9-89fa-d45914ebec2f","block_type":"box","text":"(20,562)","page_number":115,"box":{"x":658,"y":287,"width":61,"height":12}},{"id":"a21461c5-af56-4b06-8694-69e745f9cefd","block_type":"box","text":"–","page_number":115,"box":{"x":948,"y":293,"width":9,"height":1}},{"id":"2aab1e57-ed70-41ea-ab41-17fd45721d01","block_type":"box","text":"Distribution payable","page_number":115,"box":{"x":55,"y":304,"width":145,"height":11}},{"id":"5e8e3218-2377-48a4-b155-8d2ff04caceb","block_type":"box","text":"(3,617,738)","page_number":115,"box":{"x":634,"y":304,"width":85,"height":11}},{"id":"dc85ca1d-f7e0-41d5-8ffa-398c3512fe92","block_type":"box","text":"(1,538,527)","page_number":115,"box":{"x":872,"y":304,"width":85,"height":11}},{"id":"1cf948bf-252e-4b51-abda-c07959166219","block_type":"box","text":"Other amounts payable","page_number":115,"box":{"x":54,"y":320,"width":174,"height":11}},{"id":"5106f17b-bb97-425d-bbad-bda00ed74b93","block_type":"box","text":"(7,926,061)","page_number":115,"box":{"x":634,"y":320,"width":85,"height":11}},{"id":"07c912da-b942-4f18-bb5a-6e1aeb94e76f","block_type":"box","text":"(932,522)","page_number":115,"box":{"x":886,"y":320,"width":71,"height":11}},{"id":"371a5a81-23a2-46c7-9dcd-5d516e5c9ce9","block_type":"box","text":"Total liabilities","page_number":115,"box":{"x":42,"y":337,"width":103,"height":9}},{"id":"7729fb43-4c27-4971-aa26-8f5184121949","block_type":"box","text":"(11,598,213)","page_number":115,"box":{"x":626,"y":337,"width":93,"height":11}},{"id":"d4969772-7bb3-43ac-99f1-3cf22aa23361","block_type":"box","text":"(2,610,628)","page_number":115,"box":{"x":872,"y":337,"width":85,"height":11}},{"id":"4b393287-229f-4692-abad-549e04a44995","block_type":"box","text":"Net assets attributable to shareholders","page_number":115,"box":{"x":43,"y":354,"width":309,"height":9}},{"id":"d36392cc-e3ce-412e-9742-8d06b81c1d97","block_type":"box","text":"483,094,986","page_number":115,"box":{"x":626,"y":352,"width":92,"height":10}},{"id":"1efc49a7-b538-44e4-a86c-0612fa95f0a3","block_type":"box","text":"499,995,945","page_number":115,"box":{"x":864,"y":352,"width":92,"height":10}},{"id":"32619924-b321-483e-970f-6174e59101c7","block_type":"box","text":"1","page_number":115,"box":{"x":43,"y":385,"width":2,"height":4}},{"id":"28040cc1-6443-4389-948e-6fd09d2d0f95","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":115,"box":{"x":46,"y":385,"width":910,"height":9}},{"id":"125b93b2-f37a-49ac-8b45-194820d1e06e","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":115,"box":{"x":42,"y":397,"width":915,"height":9}},{"id":"1c75d126-0fa7-4d1b-9369-5bf5b0259a80","block_type":"box","text":"shareholders.","page_number":115,"box":{"x":42,"y":408,"width":80,"height":7}},{"id":"a6854aa9-69fa-4f89-b471-5eaaeb3bb818","block_type":"box","text":"All items in the balance sheet above are current.","page_number":115,"box":{"x":42,"y":433,"width":358,"height":9}},{"id":"b5fb7fd6-3dbc-4759-a691-b4599fbf80af","block_type":"box","text":"115","page_number":116,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"357c329d-e420-45f3-8fa8-8c64a82fcb62","block_type":"box","text":"SARASIN Global Dividend","page_number":116,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"49ec62a6-b998-4541-afce-ef79b60e1a9b","block_type":"box","text":"Notes to the Financial Statements","page_number":116,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"a0124fa6-567e-4058-b7d2-98b245e6ab65","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":116,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"5d4e72e1-853b-4a09-aae8-c0e76b686cc9","block_type":"box","text":"1. Accounting Policies","page_number":116,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"a60b5ac6-f683-46e9-8bc6-df3246eb9d4c","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":116,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"03cd86e9-d0ab-4fe4-a62d-2b1d874ef608","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":116,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"edc58ff3-2e60-476a-b7f4-97de6df1d4f6","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":116,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"2de6cc73-8f2c-47a1-88c0-88971c6824b5","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":116,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"9e0d0ae6-afba-42c9-a2a2-50e45fe396d3","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":116,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"6cc51ca1-8f95-4aea-8344-9fe6f95d65f7","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":116,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"9c347d42-a552-4ddc-9d8b-66323542df08","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":116,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"662e3b93-beaf-48b7-9668-6aa7f24beb20","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":116,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"8bb4048c-6f76-44b1-8617-a45d8d916d4e","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":116,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"abdc6c79-f20a-48e4-a0da-9e11a6bbeff8","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":116,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"569a0f70-0df3-4c0b-be69-56da22da72ee","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":116,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"d4675b06-45c1-42a6-beba-5f06410beb4e","block_type":"box","text":"the current period.","page_number":116,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"d9fbfded-c5d3-4361-b48f-5e43fba5074e","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":116,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"3fab1c4b-7582-48fa-9a0d-fff69a608a09","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":116,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"e1590655-c0a0-4933-a578-f05994214045","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":116,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"ae5e115a-03fb-4841-a0ef-612822c2f0fe","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":116,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"ee6e11e7-732a-4282-a3f5-6ce9a9ffc421","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":116,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"4f68510a-9a0e-43d4-9c60-d98e66314cbc","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":116,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"4879a83f-f5ea-4e54-a124-5e08d1ecf471","block_type":"box","text":"2. Related Parties","page_number":116,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"4ef3b97a-1f1d-4698-9708-9278007466fe","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":116,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"1d591f28-7654-4c5d-88f0-37ffc9d39fd8","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":116,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"8f2e799f-65e1-4374-95b8-a12032b411b3","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":116,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"0a42a2e6-b3a0-440a-b751-41bbf3d70e52","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":116,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"65db25b3-ccbf-4d91-94a4-3f4f6b89e3b4","block_type":"box","text":"page 113","page_number":116,"box":{"x":544,"y":513,"width":67,"height":11}},{"id":"34a8ced7-ab25-497b-8e56-1fa695e53cd9","block_type":"box","text":".","page_number":116,"box":{"x":613,"y":521,"width":2,"height":1}},{"id":"6def489b-8f19-4677-b2e1-97e68bba096a","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £163,227","page_number":116,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"3e56a640-0c8a-4fc0-98f4-59c93e0b3645","block_type":"box","text":"(31 December 2025: £161,171).","page_number":116,"box":{"x":43,"y":550,"width":235,"height":11}},{"id":"b9fa4799-9f0d-457c-9cd8-76faf53fffa7","block_type":"box","text":"At the period end, Sarasin Global Dividend held no shares in any other sub-fund or collective investment schemes managed","page_number":116,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"2cdd8164-8347-44b5-b164-9336f7bf58f9","block_type":"box","text":"by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":116,"box":{"x":43,"y":587,"width":618,"height":11}},{"id":"584d52a5-cc4d-4204-b8b4-df14dd672f11","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 48.44% of the sub-fund on behalf of multiple beneficiaries","page_number":116,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"c3b4a631-184c-4d2a-a98c-3a801bf72b9a","block_type":"box","text":"(31 December 2025: 49.69%).","page_number":116,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"522a01fa-d34e-4dfd-8583-4292c6c69a39","block_type":"box","text":"116","page_number":117,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"746f6768-492c-44dd-81f1-8213fd456cd8","block_type":"box","text":"SARASIN Global Dividend","page_number":117,"box":{"x":43,"y":34,"width":250,"height":10}},{"id":"ff992f5e-c475-4b04-ac8e-f0970dcb5b0f","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":117,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"94fc26e7-908e-412e-a54b-896f9c4bda93","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":117,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"34cb2566-b5e1-4867-b2be-eb44010ddd6f","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":117,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"71404837-daf4-4127-b940-d07b60dbccc7","block_type":"box","text":"their fair value.","page_number":117,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"63796e2e-a8b0-4af7-9c4e-ec403f96c38b","block_type":"box","text":"Valuation technique as at","page_number":117,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"99791273-0c7c-458a-a61f-2231188df500","block_type":"box","text":"3 July 2026","page_number":117,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"d881b188-fe0e-4a1e-b9ce-0639049a7279","block_type":"box","text":"1","page_number":117,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"2fcb18b2-1719-4e06-ae24-e5fcd8219757","block_type":"box","text":"Financial Assets","page_number":117,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"4722f620-cc2a-495b-9902-0e8d94aa58cb","block_type":"box","text":"Level 1","page_number":117,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"6219ea9e-17a1-439f-9060-b6176c140aaa","block_type":"box","text":"£","page_number":117,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"fdd13683-7f64-4fb1-8289-dae1b76ed386","block_type":"box","text":"Level 2","page_number":117,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"a7402844-7b1c-4f21-b377-3ec9f8460ec1","block_type":"box","text":"£","page_number":117,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"e82ee358-63e9-4e57-913a-100c83b54fe2","block_type":"box","text":"Level 3","page_number":117,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"8cfebed9-7a43-4486-8db4-b97933e655e1","block_type":"box","text":"£","page_number":117,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"9ac0e8a7-9fb8-4814-b1d0-bef8dc896aa3","block_type":"box","text":"Total","page_number":117,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"04767952-30d9-4431-a772-66a90c967307","block_type":"box","text":"£","page_number":117,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"427bbb38-ce91-40c8-98d4-2132560382bd","block_type":"box","text":"Equities","page_number":117,"box":{"x":45,"y":214,"width":58,"height":11}},{"id":"370949c2-2efe-4ec1-9dba-b6986db4c41d","block_type":"box","text":"474,524,493","page_number":117,"box":{"x":514,"y":214,"width":92,"height":10}},{"id":"89b84677-2791-4241-a43b-2c7a57622459","block_type":"box","text":"–","page_number":117,"box":{"x":715,"y":219,"width":9,"height":1}},{"id":"99008820-ac8c-419d-bba6-11a29773e1f6","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"88d32faf-8461-45dd-ad92-417b930a2066","block_type":"box","text":"474,524,493","page_number":117,"box":{"x":864,"y":214,"width":92,"height":10}},{"id":"c76b1281-209f-4641-afd4-715555cc7071","block_type":"box","text":"Forward Currency Contracts","page_number":117,"box":{"x":46,"y":229,"width":208,"height":11}},{"id":"eb423f9c-624d-474e-8eeb-4e309d9c403e","block_type":"box","text":"–","page_number":117,"box":{"x":598,"y":234,"width":9,"height":1}},{"id":"080f345d-fa9a-4320-88e1-ab6a71b1361d","block_type":"box","text":"1,001,284","page_number":117,"box":{"x":651,"y":229,"width":72,"height":10}},{"id":"8c33461a-d18d-43f4-a52f-8ee8c9d9e3ec","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":234,"width":10,"height":1}},{"id":"36649526-99e4-4250-90c6-5cd83533cbe7","block_type":"box","text":"1,001,284","page_number":117,"box":{"x":884,"y":229,"width":72,"height":10}},{"id":"73042fd7-0ac2-4212-b12e-92f4145f2292","block_type":"box","text":"474,524,493","page_number":117,"box":{"x":514,"y":245,"width":92,"height":10}},{"id":"bf683a1e-6b25-49a3-b800-c45f1f4f94df","block_type":"box","text":"1,001,284","page_number":117,"box":{"x":651,"y":245,"width":72,"height":10}},{"id":"46ad7718-e98b-4294-98a4-1a9e783014fb","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":250,"width":10,"height":1}},{"id":"067234f2-619b-4b92-9124-6f86069f4e5d","block_type":"box","text":"475,525,777","page_number":117,"box":{"x":864,"y":245,"width":92,"height":10}},{"id":"bbb791e7-ae0e-4804-b600-30d38df0208c","block_type":"box","text":"Financial Liabilities","page_number":117,"box":{"x":45,"y":277,"width":122,"height":7}},{"id":"2df0f406-6b55-4f49-96ad-b03ad1efee7d","block_type":"box","text":"Forward Currency Contracts","page_number":117,"box":{"x":46,"y":295,"width":208,"height":12}},{"id":"9c1d43c1-8f53-409b-b704-afa69984dbb2","block_type":"box","text":"–","page_number":117,"box":{"x":598,"y":300,"width":9,"height":1}},{"id":"d3074bcd-7606-45ac-8d7f-11e0b1c29df7","block_type":"box","text":"(33,852)","page_number":117,"box":{"x":662,"y":295,"width":61,"height":12}},{"id":"77b7d213-a3de-4177-9b11-8b371a5efda4","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":300,"width":10,"height":1}},{"id":"46a06bc8-7e19-44c7-9aec-9ec9d8563711","block_type":"box","text":"(33,852)","page_number":117,"box":{"x":896,"y":295,"width":61,"height":12}},{"id":"520b8ac2-1bf9-425d-9285-31026d42a3f5","block_type":"box","text":"–","page_number":117,"box":{"x":598,"y":317,"width":9,"height":1}},{"id":"3ab0c764-d50d-4a31-b5f3-3e3f98e7b1da","block_type":"box","text":"(33,852)","page_number":117,"box":{"x":662,"y":311,"width":61,"height":12}},{"id":"beb28f69-1f29-4f83-b9ef-03a6a763aa84","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":317,"width":10,"height":1}},{"id":"0580214d-9ee1-44da-9d49-c3bde6109388","block_type":"box","text":"(33,852)","page_number":117,"box":{"x":896,"y":311,"width":61,"height":12}},{"id":"bc35dcb6-56a0-4f94-b496-66eec042bf84","block_type":"box","text":"Valuation technique as at","page_number":117,"box":{"x":44,"y":343,"width":161,"height":8}},{"id":"4256c633-4356-428c-b73d-632954e26132","block_type":"box","text":"31 December 2025","page_number":117,"box":{"x":210,"y":343,"width":116,"height":7}},{"id":"8fbc7f8d-fdce-4dcb-9613-e887a083e8ff","block_type":"box","text":"Financial Assets","page_number":117,"box":{"x":45,"y":368,"width":104,"height":7}},{"id":"2cc4e75e-5c3d-4ccc-945f-3d49f2020379","block_type":"box","text":"Level 1","page_number":117,"box":{"x":563,"y":357,"width":42,"height":7}},{"id":"90d88511-d96a-431e-9c4f-703b0d37ddfb","block_type":"box","text":"£","page_number":117,"box":{"x":600,"y":368,"width":7,"height":7}},{"id":"0ec76cc2-d7e8-45d8-aa39-ac17c3490b98","block_type":"box","text":"Level 2","page_number":117,"box":{"x":679,"y":357,"width":44,"height":7}},{"id":"56800aec-c2e2-4731-a68a-6cb92bed4bb1","block_type":"box","text":"£","page_number":117,"box":{"x":717,"y":368,"width":7,"height":7}},{"id":"ce88008f-57ed-4275-b217-560f74f1a470","block_type":"box","text":"Level 3","page_number":117,"box":{"x":796,"y":357,"width":44,"height":7}},{"id":"c2adaa26-3517-4d6d-9253-438f53a447e9","block_type":"box","text":"£","page_number":117,"box":{"x":833,"y":368,"width":7,"height":7}},{"id":"fedbc876-f6bc-489f-8fd8-65dd728a0069","block_type":"box","text":"Total","page_number":117,"box":{"x":926,"y":357,"width":30,"height":7}},{"id":"c2c02b0e-39c8-4890-9344-16b15e3441ca","block_type":"box","text":"£","page_number":117,"box":{"x":950,"y":368,"width":7,"height":7}},{"id":"ec13df78-83fa-4140-98d6-7e92bf031928","block_type":"box","text":"Equities","page_number":117,"box":{"x":45,"y":387,"width":58,"height":11}},{"id":"ec0e44fa-a0f4-4d1f-849e-dbb340411111","block_type":"box","text":"496,689,773","page_number":117,"box":{"x":514,"y":387,"width":92,"height":10}},{"id":"be8edd1b-4d70-4012-b8ca-9af140feed1a","block_type":"box","text":"–","page_number":117,"box":{"x":715,"y":392,"width":9,"height":1}},{"id":"0c172ef9-8d85-4db8-ba84-64c2143a8d74","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":392,"width":10,"height":1}},{"id":"6d232347-db12-41de-a132-45d6e8338b64","block_type":"box","text":"496,689,773","page_number":117,"box":{"x":864,"y":387,"width":92,"height":10}},{"id":"8f46f809-1c46-4f37-965c-e0476eb5aed5","block_type":"box","text":"Forward Currency Contracts","page_number":117,"box":{"x":46,"y":402,"width":208,"height":11}},{"id":"06f8b542-ccce-4717-84cf-4364120add84","block_type":"box","text":"–","page_number":117,"box":{"x":598,"y":407,"width":9,"height":1}},{"id":"ab7d1ae2-de3b-4e54-9827-29c5ea038dd4","block_type":"box","text":"563,322","page_number":117,"box":{"x":664,"y":402,"width":59,"height":10}},{"id":"48214844-77a2-4f52-b68d-13e0e07e6cda","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":407,"width":10,"height":1}},{"id":"7a6e5b8d-9f42-4f6f-bf0b-ae9ff643dea9","block_type":"box","text":"563,322","page_number":117,"box":{"x":897,"y":402,"width":59,"height":10}},{"id":"15ef095c-a51e-4870-9fc7-97ca304e2e25","block_type":"box","text":"496,689,773","page_number":117,"box":{"x":514,"y":418,"width":92,"height":10}},{"id":"c94561b4-b2cb-44fb-a0eb-fed437361242","block_type":"box","text":"563,322","page_number":117,"box":{"x":664,"y":418,"width":59,"height":10}},{"id":"4d084711-62d7-476b-9452-5f0059debfcf","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":423,"width":10,"height":1}},{"id":"33ff6501-73a5-463a-8adb-645f5f6e1ddc","block_type":"box","text":"497,253,095","page_number":117,"box":{"x":864,"y":418,"width":92,"height":10}},{"id":"f7dd216d-093d-4012-b61a-3683e739be84","block_type":"box","text":"Financial Liabilities","page_number":117,"box":{"x":45,"y":450,"width":122,"height":7}},{"id":"59c8d0d3-1547-4f43-b7a9-e9925db4eeb9","block_type":"box","text":"Forward Currency Contracts","page_number":117,"box":{"x":46,"y":468,"width":208,"height":12}},{"id":"f9bcb788-426b-48f8-bd24-c8643f8b62a9","block_type":"box","text":"–","page_number":117,"box":{"x":598,"y":474,"width":9,"height":0}},{"id":"6c8847d4-751e-410f-b75c-fa60680c8eb0","block_type":"box","text":"(139,579)","page_number":117,"box":{"x":653,"y":468,"width":70,"height":12}},{"id":"e03d3b95-bc33-4ace-847b-7d58e592c10f","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":474,"width":10,"height":0}},{"id":"90422a3a-ebc3-40af-a269-e63befc780b1","block_type":"box","text":"(139,579)","page_number":117,"box":{"x":886,"y":468,"width":71,"height":12}},{"id":"fd4b60e3-b8f4-4420-9874-87f8949127bd","block_type":"box","text":"–","page_number":117,"box":{"x":598,"y":490,"width":9,"height":1}},{"id":"45a69035-7332-4ad3-8698-2d9bf4cc21ab","block_type":"box","text":"(139,579)","page_number":117,"box":{"x":653,"y":484,"width":70,"height":12}},{"id":"bbee2480-b622-4c14-b244-da9c68e32787","block_type":"box","text":"–","page_number":117,"box":{"x":831,"y":490,"width":10,"height":1}},{"id":"a83febe3-4e71-4a28-b49a-c6d91a5c3d4f","block_type":"box","text":"(139,579)","page_number":117,"box":{"x":886,"y":484,"width":71,"height":12}},{"id":"b2dbc41c-dc53-42ca-8768-a78b861a83e8","block_type":"box","text":"1","page_number":117,"box":{"x":43,"y":528,"width":2,"height":4}},{"id":"13595dac-2143-4b7a-bd4e-9af2baf41210","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":117,"box":{"x":46,"y":528,"width":910,"height":9}},{"id":"ee6f07f7-e45b-4720-8aea-dd502fb7988a","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":117,"box":{"x":42,"y":539,"width":915,"height":9}},{"id":"2811d642-97d5-489f-83c7-e86852ed44cd","block_type":"box","text":"shareholders.","page_number":117,"box":{"x":42,"y":551,"width":80,"height":7}},{"id":"e6dd8535-9f6a-487a-b463-53dc7063f704","block_type":"box","text":"Level 1","page_number":117,"box":{"x":43,"y":582,"width":53,"height":9}},{"id":"90dc0992-c774-4722-9b1f-091a0f1f55a5","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":117,"box":{"x":42,"y":595,"width":920,"height":11}},{"id":"5fcf6707-22c6-4b9e-bff1-24311b6c22a6","block_type":"box","text":"date.","page_number":117,"box":{"x":42,"y":608,"width":36,"height":9}},{"id":"1706a4ee-5e0f-4cfd-884c-b50c2512a850","block_type":"box","text":"Level 2","page_number":117,"box":{"x":43,"y":633,"width":55,"height":9}},{"id":"41200b4d-6a02-4e08-9540-dfcb887b3c5a","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":117,"box":{"x":42,"y":646,"width":894,"height":11}},{"id":"da8751da-1db8-435d-965c-4669d485fb70","block_type":"box","text":"Level 3","page_number":117,"box":{"x":43,"y":671,"width":55,"height":9}},{"id":"c678d1c9-751b-419a-828b-9cdf27d7c582","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":117,"box":{"x":42,"y":684,"width":672,"height":11}},{"id":"47de8e30-6ab5-420c-b3d4-7dcd4644d1d5","block_type":"box","text":"117","page_number":118,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"5579a057-a0f9-4d71-97b8-bf94dde03a84","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":118,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"ead5e42d-aaac-4e50-822e-bc5facce9005","block_type":"box","text":"Investment Objective and Policy","page_number":118,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"5044f2a4-9e53-4e39-b83e-b7f7d1e5c5de","block_type":"box","text":"Investment Objective","page_number":118,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"c8250ea2-576f-48ba-971d-84925df17f78","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":118,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"0edac7fd-cc08-44f9-a9a6-67f8993dd449","block_type":"box","text":"investment value and income) in real terms over a rolling","page_number":118,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"df131ab2-4cb5-4440-8b6a-990f3bd41b29","block_type":"box","text":"5 year period after deducting fees and costs.","page_number":118,"box":{"x":43,"y":138,"width":329,"height":11}},{"id":"58e9002a-a042-404e-a7f2-f92abc4ffb9a","block_type":"box","text":"To grow in real terms, the sub-fund must increase in value","page_number":118,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"fc3a57f0-f72d-4483-9136-f126da846faf","block_type":"box","text":"after outperforming the rate of inflation. We measure inflation","page_number":118,"box":{"x":42,"y":177,"width":450,"height":11}},{"id":"29adaba8-a784-49b1-9078-d4696fa3a0bf","block_type":"box","text":"using the Consumer Prices Index (CPI).","page_number":118,"box":{"x":43,"y":191,"width":293,"height":12}},{"id":"7aa6bb79-0d10-4fe1-bb45-7b33c31097d7","block_type":"box","text":"There is no guarantee that the sub-fund will grow in real","page_number":118,"box":{"x":42,"y":216,"width":450,"height":12}},{"id":"c5bee0f1-7df7-4d38-b217-2d7ba0796da7","block_type":"box","text":"terms over 5-year rolling periods or over any period and","page_number":118,"box":{"x":42,"y":231,"width":450,"height":11}},{"id":"4fb203e1-047c-434c-9c64-29f7f5425409","block_type":"box","text":"there is a risk of loss.","page_number":118,"box":{"x":42,"y":245,"width":156,"height":9}},{"id":"52ee9084-4899-40c7-8a02-2d429174088c","block_type":"box","text":"Investment Policy","page_number":118,"box":{"x":43,"y":270,"width":141,"height":11}},{"id":"b70a2506-4ab3-438d-9528-5bcbbbbc0722","block_type":"box","text":"Investments","page_number":118,"box":{"x":43,"y":284,"width":89,"height":9}},{"id":"8bc80c10-b39b-426d-a7fb-c95bb520b5af","block_type":"box","text":"We invest between 20% and 60% of the sub-fund in the","page_number":118,"box":{"x":42,"y":309,"width":450,"height":9}},{"id":"c23206b5-5d6a-4cd8-b254-e5bf260ba1c4","block_type":"box","text":"shares of companies from around the world.","page_number":118,"box":{"x":42,"y":323,"width":326,"height":11}},{"id":"87a54f1b-75eb-41cd-837c-049a5bc24e5a","block_type":"box","text":"We will also invest in bonds, alternative investments, units in","page_number":118,"box":{"x":42,"y":348,"width":450,"height":11}},{"id":"192ac83c-1708-4c0c-8073-0ed0494522a7","block_type":"box","text":"funds (including those managed by Sarasin) and cash, and","page_number":118,"box":{"x":42,"y":362,"width":450,"height":12}},{"id":"c07a10dc-0634-433f-b27e-0a5c9130ce28","block_type":"box","text":"we may hold up to 80% of the sub-fund in these assets when","page_number":118,"box":{"x":42,"y":377,"width":450,"height":11}},{"id":"e42c52b3-274c-487f-a7ee-81c8cbb417a8","block_type":"box","text":"we deem it appropriate in order to manage difficult market","page_number":118,"box":{"x":42,"y":391,"width":450,"height":11}},{"id":"21a42d72-9bc9-481d-81f3-496b14215121","block_type":"box","text":"conditions.","page_number":118,"box":{"x":42,"y":405,"width":79,"height":9}},{"id":"27420251-536a-4507-ace4-eb79a2aee640","block_type":"box","text":"Alternative investments include, but are not limited to,","page_number":118,"box":{"x":42,"y":430,"width":450,"height":11}},{"id":"a801aa9e-cd05-48fa-8075-abad7d1ab4e7","block_type":"box","text":"infrastructure, commodities and private equity/venture","page_number":118,"box":{"x":43,"y":444,"width":449,"height":12}},{"id":"4916532d-82e2-4da1-8024-68f08ad18203","block_type":"box","text":"capital which may be accessed through listed trusts and","page_number":118,"box":{"x":42,"y":459,"width":450,"height":11}},{"id":"90e22d53-d421-4737-ad3a-19d643701fb2","block_type":"box","text":"open-ended funds or other financial instruments.","page_number":118,"box":{"x":42,"y":473,"width":359,"height":11}},{"id":"1afd9531-4fcd-4cf7-87b4-2ae57c992184","block_type":"box","text":"We will strategically manage the mix of assets in the portfolio,","page_number":118,"box":{"x":42,"y":498,"width":450,"height":11}},{"id":"e5f2a3b0-37fc-41bf-b7b4-9d3cd06d7e11","block_type":"box","text":"within the above parameters, depending on our view of","page_number":118,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"990f833b-6dc0-47b9-bef8-27586ae4679c","block_type":"box","text":"market conditions.","page_number":118,"box":{"x":43,"y":527,"width":134,"height":8}},{"id":"b5d937b3-b2aa-4c51-a06a-56b6c66098aa","block_type":"box","text":"Investment Selection","page_number":118,"box":{"x":43,"y":551,"width":154,"height":9}},{"id":"38234358-6344-4653-87b3-9f361ecf2796","block_type":"box","text":"We carefully select the sub-fund’s investments and have free","page_number":118,"box":{"x":42,"y":576,"width":450,"height":12}},{"id":"a25a3700-60e0-420d-a6ae-9ea154e83823","block_type":"box","text":"choice to select companies from any country/region, sector","page_number":118,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"6cdde22f-9d88-4a89-91c4-0474e6e44016","block_type":"box","text":"or industry.","page_number":118,"box":{"x":42,"y":605,"width":80,"height":11}},{"id":"4c708395-908a-4fd4-a81f-16aefaee300a","block_type":"box","text":"We identify the long-term investment themes that drive","page_number":118,"box":{"x":42,"y":630,"width":450,"height":11}},{"id":"0e965760-e670-4a1f-bc46-50401d31046c","block_type":"box","text":"growth and lead to disruption in global economies and","page_number":118,"box":{"x":42,"y":644,"width":450,"height":11}},{"id":"04b8f246-9ab0-4b26-86c8-1b866c2962e7","block_type":"box","text":"industries. We believe that these themes are likely to result","page_number":118,"box":{"x":43,"y":658,"width":449,"height":12}},{"id":"f5a7bb53-c798-4549-8deb-485cbcbc6f0f","block_type":"box","text":"in structural consequences for company performance which","page_number":118,"box":{"x":43,"y":672,"width":449,"height":12}},{"id":"d2355ef0-8d54-406b-8785-7bbfea49e69a","block_type":"box","text":"will be reflected in their share price. We select companies","page_number":118,"box":{"x":42,"y":687,"width":445,"height":11}},{"id":"287cc0f9-3370-4059-bb01-3093d213206a","block_type":"box","text":"which are most likely to benefit from our investment themes,","page_number":118,"box":{"x":42,"y":701,"width":444,"height":11}},{"id":"93fe2e21-4f28-4fc7-9176-3be2613d16c5","block_type":"box","text":"and are well placed to grow their revenues and cash flows as","page_number":118,"box":{"x":42,"y":715,"width":445,"height":12}},{"id":"3694ef18-f8a6-42ca-b8bb-28ae52de32bb","block_type":"box","text":"a result of them, based on our own analysis.","page_number":118,"box":{"x":42,"y":730,"width":327,"height":11}},{"id":"754bb9e2-a915-4b52-9f17-9b4ee79b7206","block_type":"box","text":"Integral to this analysis is the Sarasin Sustainability Impact","page_number":118,"box":{"x":43,"y":754,"width":444,"height":12}},{"id":"825774fd-2e02-490d-9564-fe89c708872c","block_type":"box","text":"Matrix (“SIM”) - an in-house tool devised to examine and","page_number":118,"box":{"x":43,"y":769,"width":443,"height":11}},{"id":"1490346c-7fd4-408f-9528-b56492aeb1c2","block_type":"box","text":"quantify any material environmental, social and/or governance","page_number":118,"box":{"x":42,"y":783,"width":445,"height":11}},{"id":"e9eb5549-7c62-45dd-919a-d881901fba52","block_type":"box","text":"(“ESG”) factors. A comprehensive assessment of the related","page_number":118,"box":{"x":43,"y":797,"width":443,"height":12}},{"id":"b197f1de-8828-4a59-ba7e-137e27ba1c0a","block_type":"box","text":"risks and opportunities resulting from these factors that are","page_number":118,"box":{"x":43,"y":812,"width":444,"height":11}},{"id":"53a4b9d8-a85f-4fd1-95cf-53859969b9ea","block_type":"box","text":"identified through the SIM, are then embedded within our","page_number":118,"box":{"x":43,"y":826,"width":445,"height":11}},{"id":"aebc4570-c821-4d80-86b5-7670649e398f","block_type":"box","text":"financial modelling and analysis of companies.","page_number":118,"box":{"x":42,"y":840,"width":344,"height":11}},{"id":"10bf2d66-4be5-432d-bd05-2bd5209b65a0","block_type":"box","text":"We undertake fundamental analysis on bond issuers, which","page_number":118,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"299a862b-c3c0-49ad-870b-1eefd1a6ca61","block_type":"box","text":"includes an evaluation of risks that ESG factors pose. We","page_number":118,"box":{"x":513,"y":93,"width":449,"height":11}},{"id":"cb747a55-6006-4d86-975d-726ce7024b1a","block_type":"box","text":"implement an in-house scoring system which combines","page_number":118,"box":{"x":513,"y":108,"width":449,"height":11}},{"id":"0615ff30-2943-4f93-9721-2fb9b52f1b2c","block_type":"box","text":"our assessment of the materiality of ESG risks associated","page_number":118,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"1b67477c-c4ab-4ed1-bb2e-e3067f7eca7f","block_type":"box","text":"with each industry sector with data on each bond issuer to","page_number":118,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"cbd83bf4-a636-48fd-bdf3-eec7c87a59f2","block_type":"box","text":"generate an overall issuer-specific ESG rating. All issuers in","page_number":118,"box":{"x":512,"y":150,"width":450,"height":12}},{"id":"7a12be2b-e7fc-4c9a-b63b-6e6b9e2844f9","block_type":"box","text":"sectors considered to have high ESG risk will be limited in the","page_number":118,"box":{"x":512,"y":165,"width":450,"height":11}},{"id":"786d501b-6f0b-4d9d-b67a-eea7e5396e77","block_type":"box","text":"overall ESG rating that they can achieve, relative to issuers","page_number":118,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"03a21ee3-6581-42db-8ba5-b71e0457eea6","block_type":"box","text":"in sectors with lower ESG risks, but will not necessarily be","page_number":118,"box":{"x":513,"y":193,"width":449,"height":11}},{"id":"25e8f4f8-ff19-4896-9695-8a18fbff1cd3","block_type":"box","text":"excluded solely on this basis. We will only invest in bonds","page_number":118,"box":{"x":512,"y":208,"width":450,"height":11}},{"id":"16eee1e8-b2f6-4ed1-b287-313b2a8d77cc","block_type":"box","text":"whose issuer has an ESG rating of 3 and above, out of a","page_number":118,"box":{"x":512,"y":222,"width":450,"height":11}},{"id":"42b805de-69dd-4102-999f-57501c347a53","block_type":"box","text":"maximum of 10 on our in-house scoring system.","page_number":118,"box":{"x":513,"y":236,"width":355,"height":11}},{"id":"985bef93-f611-45a5-be77-2d8b2e8f655e","block_type":"box","text":"The sub-fund will not therefore always exclude holdings for","page_number":118,"box":{"x":512,"y":261,"width":450,"height":11}},{"id":"e1ab4b10-1025-4029-b8b1-04686ab36579","block_type":"box","text":"which material environmental, social and/or governance","page_number":118,"box":{"x":512,"y":275,"width":450,"height":11}},{"id":"10f69bd5-304e-44f2-bb4e-8c2da72460f5","block_type":"box","text":"risks have been identified.","page_number":118,"box":{"x":513,"y":289,"width":191,"height":9}},{"id":"b0e84b42-8124-4f73-ac42-e40333e069f0","block_type":"box","text":"Stewardship","page_number":118,"box":{"x":513,"y":314,"width":91,"height":11}},{"id":"f9df8b2a-8069-4439-84d7-8fd4d2eb8b8d","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":118,"box":{"x":513,"y":339,"width":449,"height":12}},{"id":"0178b938-a35c-4d76-a932-551ed8ea10f8","block_type":"box","text":"engage, as far as possible, with underlying issuers (both","page_number":118,"box":{"x":512,"y":354,"width":450,"height":11}},{"id":"76a26fcc-966e-4ad1-9d1b-79ee44d1fad7","block_type":"box","text":"shares and corporate bonds) to promote actions to mitigate","page_number":118,"box":{"x":512,"y":368,"width":450,"height":11}},{"id":"f3bc929a-f9ae-4da3-9744-838ffc0fe53b","block_type":"box","text":"material environmental, social and/or governance risks","page_number":118,"box":{"x":513,"y":382,"width":449,"height":11}},{"id":"80a05953-84f4-4805-b5ef-5e4d4e40cfad","block_type":"box","text":"identified through the SIM or other analysis. Engagements","page_number":118,"box":{"x":513,"y":396,"width":449,"height":12}},{"id":"1214dda7-a62d-4077-ba76-715178aaabea","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":118,"box":{"x":512,"y":411,"width":450,"height":11}},{"id":"c6df5a5e-e209-49b5-8b19-84c13c8686fb","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":118,"box":{"x":512,"y":425,"width":450,"height":11}},{"id":"c58051c4-4d69-40d5-845b-c03256298670","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":118,"box":{"x":512,"y":439,"width":450,"height":11}},{"id":"58faf97a-d486-4721-ae2b-f97258f1d2cf","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":118,"box":{"x":512,"y":453,"width":450,"height":11}},{"id":"b57005b2-5df1-45a5-9791-fd90ab5f8241","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":118,"box":{"x":512,"y":468,"width":450,"height":9}},{"id":"bc17464d-1c4f-41f8-b67f-ad99b403b9b1","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":118,"box":{"x":512,"y":482,"width":317,"height":11}},{"id":"fcc7ccac-542a-42bc-b6ed-89f89bf95ecc","block_type":"box","text":"Voting is integral to our engagement work where we","page_number":118,"box":{"x":512,"y":507,"width":450,"height":11}},{"id":"ed8df353-1fa4-474d-8ccc-812cf3163c70","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":118,"box":{"x":512,"y":521,"width":450,"height":11}},{"id":"1f5b0284-33f7-4d97-9f79-52293cf09946","block_type":"box","text":"votes on routine items are aligned with our engagement","page_number":118,"box":{"x":512,"y":536,"width":450,"height":11}},{"id":"efcca359-1b96-43c7-a6c5-a607e1c753ef","block_type":"box","text":"priorities. Our Corporate Governance and Voting Guidelines","page_number":118,"box":{"x":513,"y":550,"width":449,"height":11}},{"id":"df3ac6da-37e7-44cc-a1d7-2126083419a3","block_type":"box","text":"are updated annually and published on our website at","page_number":118,"box":{"x":512,"y":564,"width":450,"height":11}},{"id":"760539d5-9beb-4df1-9003-d15c445e6f51","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":118,"box":{"x":512,"y":578,"width":444,"height":11}},{"id":"4ed20f2b-de55-4518-86b5-787f43a57079","block_type":"box","text":"you/.","page_number":118,"box":{"x":512,"y":592,"width":35,"height":12}},{"id":"a0efcb17-f83c-4ece-a6af-54dc28eeba48","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":118,"box":{"x":513,"y":617,"width":449,"height":12}},{"id":"c6b106ba-fd8c-4c01-bbec-1cc6f3268b55","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":118,"box":{"x":512,"y":632,"width":450,"height":11}},{"id":"b5175d6b-6370-4df9-8856-a6c0edb88ed3","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":118,"box":{"x":513,"y":646,"width":449,"height":11}},{"id":"9dfce84c-9065-490c-9ba0-f31d9d59da09","block_type":"box","text":"long-term financial performance for investors.","page_number":118,"box":{"x":513,"y":660,"width":334,"height":11}},{"id":"10dba067-4bec-45a0-b2d8-e5f7b8d117f9","block_type":"box","text":"Additional Techniques","page_number":118,"box":{"x":511,"y":685,"width":164,"height":11}},{"id":"48a8a117-ac05-4b6f-b0c9-09563b96ef9f","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":118,"box":{"x":512,"y":710,"width":444,"height":11}},{"id":"d1dfd661-9bfb-4bd7-af5d-d9aeecfe1d86","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":118,"box":{"x":513,"y":724,"width":444,"height":11}},{"id":"f79e86dd-e09c-4e4e-aeaa-adc2aa4541ce","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":118,"box":{"x":513,"y":738,"width":443,"height":9}},{"id":"663241f8-1998-484c-b20c-610eb595fc02","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":118,"box":{"x":513,"y":753,"width":443,"height":11}},{"id":"d5d0d5b8-ffbb-49c0-b029-c36f2dc7b6ed","block_type":"box","text":"share prices, currencies).","page_number":118,"box":{"x":512,"y":767,"width":187,"height":11}},{"id":"faf72207-9fe7-4299-9cb8-d6ab7c22b961","block_type":"box","text":"Sustainability Labels","page_number":118,"box":{"x":512,"y":792,"width":166,"height":11}},{"id":"38ee75d6-1476-41ac-83bf-dfc88af17ba5","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":118,"box":{"x":512,"y":806,"width":444,"height":11}},{"id":"dd0f7d7a-b6ad-436d-8300-a6559d163fba","block_type":"box","text":"specific sustainability goal.","page_number":118,"box":{"x":512,"y":820,"width":196,"height":12}},{"id":"fdf9169e-b0c2-4a4d-8a74-4f5c359f6540","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":118,"box":{"x":512,"y":845,"width":450,"height":12}},{"id":"a0bab0ea-6d7e-4782-b9b0-f4927f2052f8","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":118,"box":{"x":512,"y":860,"width":450,"height":11}},{"id":"3237fa34-5907-4d4d-aa89-46d2ac953611","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":118,"box":{"x":513,"y":874,"width":449,"height":11}},{"id":"e953283d-dd1a-43bd-8e50-62abb81b7d1b","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":118,"box":{"x":512,"y":888,"width":450,"height":11}},{"id":"1cf58dae-d6ec-421b-9860-a86b8588e67f","block_type":"box","text":"sustainability investment label.","page_number":118,"box":{"x":512,"y":903,"width":225,"height":11}},{"id":"40a00a13-1a00-4a5d-9717-762ba7409336","block_type":"box","text":"118","page_number":119,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"02fc2589-8bf1-40d2-96d9-715881cdd06d","block_type":"box","text":"119","page_number":119,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5a6e4089-df9b-47b4-a5d8-849b2feb25dd","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":119,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"e2009c5b-d952-4125-9cd7-345564b95e6f","block_type":"box","text":"Benchmark information","page_number":119,"box":{"x":43,"y":79,"width":186,"height":9}},{"id":"8b61bcec-e70c-47e4-a693-ab6d15e2e1d7","block_type":"box","text":"The sub-fund’s performance can be assessed either by:","page_number":119,"box":{"x":42,"y":93,"width":413,"height":12}},{"id":"b12b63af-8ade-4987-a8f7-1319ea6683b4","block_type":"box","text":"(i) reference to the Consumer Price Index (CPI) as a measure","page_number":119,"box":{"x":43,"y":118,"width":449,"height":12}},{"id":"6248e1f3-6f9b-4907-a52e-21065454418a","block_type":"box","text":"of inflation, reflecting the sub-fund’s investment objective of","page_number":119,"box":{"x":42,"y":133,"width":450,"height":11}},{"id":"305c9449-4b4e-46b3-8033-0a6a33bd1667","block_type":"box","text":"growth in real terms; or","page_number":119,"box":{"x":42,"y":147,"width":172,"height":11}},{"id":"c8efda3b-0b75-4d8d-ac60-186dd1b84281","block_type":"box","text":"(ii) investors may also compare the sub-fund’s performance","page_number":119,"box":{"x":43,"y":172,"width":449,"height":11}},{"id":"9dc21a5d-cb9b-4b1a-bfbd-01076a00b627","block_type":"box","text":"to the Investment Association Mixed Investment 20%-60%","page_number":119,"box":{"x":42,"y":186,"width":450,"height":9}},{"id":"eb487df8-c360-4bdb-bd77-16fc1f81aa3e","block_type":"box","text":"Shares sector.","page_number":119,"box":{"x":43,"y":200,"width":105,"height":9}},{"id":"3d77486d-75b3-49d0-be89-307f91f25514","block_type":"box","text":"Many funds sold in the UK are grouped into sectors by the","page_number":119,"box":{"x":43,"y":225,"width":449,"height":11}},{"id":"27fd3408-c249-420c-8103-6fb054e97956","block_type":"box","text":"Investment Association (the trade body that represents UK","page_number":119,"box":{"x":43,"y":239,"width":449,"height":12}},{"id":"934de6cc-78ce-4f20-80ad-6eb30aa7a7ff","block_type":"box","text":"investment managers), to help investors to compare funds","page_number":119,"box":{"x":43,"y":254,"width":449,"height":11}},{"id":"6cca4c03-0469-455a-ac4b-acf9e3a812ff","block_type":"box","text":"with broadly similar characteristics. This sub-fund is classified","page_number":119,"box":{"x":42,"y":268,"width":450,"height":11}},{"id":"ff34bcd7-9862-4ec7-8e9d-41fcde2d7f12","block_type":"box","text":"in the IA Mixed Investment 20%-60% Shares sector and","page_number":119,"box":{"x":43,"y":282,"width":449,"height":9}},{"id":"b6445982-9edd-4e4d-8d72-ef7a5f271080","block_type":"box","text":"assessing the sub-fund’s performance against this sector will","page_number":119,"box":{"x":42,"y":297,"width":450,"height":11}},{"id":"3a810c61-10cc-4525-bcad-a82c94d69e7f","block_type":"box","text":"allow investors to compare how the sub-fund is performing","page_number":119,"box":{"x":42,"y":311,"width":450,"height":11}},{"id":"6c26ec12-e0f7-445b-859a-9991ff7ca194","block_type":"box","text":"relative to its peers.","page_number":119,"box":{"x":43,"y":325,"width":143,"height":11}},{"id":"95680c5b-2468-4b58-8e61-36457f181e40","block_type":"box","text":"Sensitivity Analysis","page_number":119,"box":{"x":42,"y":354,"width":162,"height":11}},{"id":"b53f8410-38ae-4455-b7eb-63e45bbd5045","block_type":"box","text":"The sub-fund invests in equities and bonds. The exposure","page_number":119,"box":{"x":42,"y":368,"width":450,"height":11}},{"id":"5e554812-a9bf-429b-8e7f-f8c5deca5e03","block_type":"box","text":"to equity markets is then reduced through the use of short","page_number":119,"box":{"x":42,"y":382,"width":450,"height":11}},{"id":"baced6fa-5f1d-4906-88b5-2a34facef986","block_type":"box","text":"futures and options. Exposure to foreign currencies is also","page_number":119,"box":{"x":42,"y":396,"width":450,"height":12}},{"id":"2dab50a9-676a-4262-a504-717d40f5e9bd","block_type":"box","text":"altered through the use of forwards and occasionally options.","page_number":119,"box":{"x":42,"y":411,"width":450,"height":11}},{"id":"a33fa76a-b78b-4d9f-ae60-c50bf75c7745","block_type":"box","text":"The level of equity exposure varies over time depending on","page_number":119,"box":{"x":42,"y":425,"width":450,"height":11}},{"id":"84f832f7-6cc3-4f8e-b49a-01a16968fe6c","block_type":"box","text":"how positive the manager is; generally the level has been in","page_number":119,"box":{"x":43,"y":439,"width":449,"height":11}},{"id":"55c7fe34-b13a-460f-9b6c-e373e85befef","block_type":"box","text":"the range of 30-70%.","page_number":119,"box":{"x":42,"y":453,"width":155,"height":12}},{"id":"9af473c3-b55e-467b-a5ab-f48eba459f7b","block_type":"box","text":"Options are used on individual stocks to implement views on","page_number":119,"box":{"x":43,"y":478,"width":449,"height":11}},{"id":"8e9e5d0c-a06c-4113-9049-28d096e0ac0a","block_type":"box","text":"specific stocks. Options or futures on bond, indices or swaps","page_number":119,"box":{"x":42,"y":493,"width":450,"height":11}},{"id":"b3ac92cc-84f5-4601-a601-afab51e151db","block_type":"box","text":"are occasionally used to implement yield curve views, and","page_number":119,"box":{"x":42,"y":507,"width":450,"height":11}},{"id":"70e019b0-7dae-4735-9821-c3e276792494","block_type":"box","text":"credit exposure on bonds is sometimes hedged using credit","page_number":119,"box":{"x":42,"y":521,"width":450,"height":11}},{"id":"e932bc5e-4a43-4c8c-aa13-2fc3f1baf0b6","block_type":"box","text":"default swaps. Views on volatility are sometimes taken using","page_number":119,"box":{"x":42,"y":535,"width":450,"height":12}},{"id":"152f27bd-8c75-484d-97a4-915a6889446c","block_type":"box","text":"either options or swaps.","page_number":119,"box":{"x":42,"y":550,"width":176,"height":11}},{"id":"51daa2b1-2c9a-411c-b75a-e38b139fb345","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":119,"box":{"x":43,"y":575,"width":449,"height":8}},{"id":"73317000-29fe-4707-b381-b8284f890a3c","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":119,"box":{"x":43,"y":589,"width":449,"height":11}},{"id":"8e2a959f-bb4a-4624-9544-8e3736305e7f","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":119,"box":{"x":42,"y":603,"width":450,"height":10}},{"id":"75235673-ca50-4733-8f4b-c1d93786ca0e","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":119,"box":{"x":42,"y":617,"width":450,"height":12}},{"id":"1ec54477-1309-4903-9453-ea6697c300ab","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":119,"box":{"x":42,"y":632,"width":450,"height":11}},{"id":"fa9122f4-ad5a-41d5-ba3b-29d8366350a7","block_type":"box","text":"Carlo simulation methodology.","page_number":119,"box":{"x":43,"y":646,"width":222,"height":11}},{"id":"6bc3f869-f867-4b49-9d16-a107965ae42b","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":119,"box":{"x":42,"y":671,"width":450,"height":11}},{"id":"acb6ae5e-0342-405b-a8b1-fba19a3d3b6e","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":119,"box":{"x":43,"y":685,"width":449,"height":11}},{"id":"65ebff79-c89a-4302-83c0-f21d26d68299","block_type":"box","text":"portfolio over a specific timeframe.","page_number":119,"box":{"x":43,"y":699,"width":253,"height":11}},{"id":"621f3620-1f64-44fa-b9c8-96c90842f144","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":119,"box":{"x":42,"y":724,"width":445,"height":11}},{"id":"6f3002d3-3e7a-4680-91e8-00f47dd3c8c6","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":119,"box":{"x":43,"y":738,"width":444,"height":12}},{"id":"1b3c62fa-253c-459f-9810-13d958aa53f6","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":119,"box":{"x":43,"y":753,"width":444,"height":11}},{"id":"3402a3d8-4bfe-4851-b360-989a17a58c76","block_type":"box","text":"based on the 99th percentile. This is intended to show, with a","page_number":119,"box":{"x":43,"y":767,"width":444,"height":11}},{"id":"d2a95f2a-21a9-4eb0-be44-c4917bed84f1","block_type":"box","text":"99% degree of confidence, the maximum amount that might","page_number":119,"box":{"x":43,"y":781,"width":444,"height":12}},{"id":"93934299-35c3-40e0-892c-4397db6697f9","block_type":"box","text":"be lost over a 20-day period.","page_number":119,"box":{"x":43,"y":796,"width":210,"height":11}},{"id":"9b42ea43-722d-47e6-9c90-d1fe18709b1f","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Multi Asset - Strategic,","page_number":119,"box":{"x":42,"y":820,"width":444,"height":12}},{"id":"1456e198-a9d7-430b-b825-a71122780ff0","block_type":"box","text":"as at 3 July 2026, was 5.00% (31 December 2025: 4.06%).","page_number":119,"box":{"x":42,"y":835,"width":444,"height":11}},{"id":"a97dda75-3c55-411c-a520-052e37cbf3c1","block_type":"box","text":"The lowest, highest and average utilisation in the period was","page_number":119,"box":{"x":42,"y":849,"width":450,"height":11}},{"id":"4a6ceb75-1b38-4a65-94cc-82b74e32e4e4","block_type":"box","text":"3.81%, 5.23% and 4.41%, respectively (31 December 2025:","page_number":119,"box":{"x":43,"y":863,"width":449,"height":12}},{"id":"a9f1a7bd-2f83-43ae-a137-a378598d2792","block_type":"box","text":"3.38%, 4.40% and 4.05%, respectively).","page_number":119,"box":{"x":43,"y":877,"width":295,"height":12}},{"id":"bdfbec1f-39b7-4430-be10-2e2ebb6897d1","block_type":"box","text":"119","page_number":120,"box":{"x":488,"y":972,"width":24,"height":8}},{"id":"36d46582-0ee9-4827-b775-d671cca26bdc","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":120,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"1882b022-206f-405b-839a-7ced517e48a3","block_type":"box","text":"Investment Review \r\new","page_number":120,"box":{"x":43,"y":79,"width":180,"height":11}},{"id":"4bf85d5b-e77c-43fa-bf53-4aa08b3c17b3","block_type":"box","text":"Investment Review","page_number":120,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"457306b8-aaf4-4fec-89a6-6f85cbd351f5","block_type":"box","text":"Sub-fund Performance","page_number":120,"box":{"x":42,"y":95,"width":180,"height":9}},{"id":"88f3e168-72f3-4103-b70a-859ca2287341","block_type":"box","text":"Cumulative performance","page_number":120,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"8211c200-33dc-4a85-97f8-0fd4f399e52f","block_type":"box","text":"6 mos","page_number":120,"box":{"x":452,"y":121,"width":45,"height":9}},{"id":"750eb66e-2b9d-43fd-a312-4e9c08f50e9d","block_type":"box","text":"1 yr","page_number":120,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"ca3afb64-cecb-44ed-b859-83570ae5f947","block_type":"box","text":"3 yrs","page_number":120,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"db3e1272-0e55-442d-9d5c-f6513fae82ff","block_type":"box","text":"5 yrs","page_number":120,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"c2b3a810-4d21-4230-9abf-10ba98e9f827","block_type":"box","text":"Since","page_number":120,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"34ca81f6-ef7d-4cab-a382-8d9a5c127d26","block_type":"box","text":"Inception","page_number":120,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"5d10ffef-271f-4de6-ab50-cfe6c2a6b1bf","block_type":"box","text":"01 Jan 26 -","page_number":120,"box":{"x":433,"y":146,"width":83,"height":9}},{"id":"404d8651-6f01-4ab9-9b8d-4a9178bd9289","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"057bbf9d-f453-45fa-b85e-41ad14400dc9","block_type":"box","text":"01 Jul 25 -","page_number":120,"box":{"x":543,"y":146,"width":77,"height":9}},{"id":"1fc8e75e-6939-446c-a10a-71d4b8f2f0b6","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"3e5bd3e9-bc8f-4684-8a93-1fc59dfcadba","block_type":"box","text":"01 Jul 23 -","page_number":120,"box":{"x":649,"y":146,"width":77,"height":9}},{"id":"f1c21659-9fcf-4f11-8015-fa1207619afd","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"57a762c5-170b-4a95-bd82-9d3b9e9bfa96","block_type":"box","text":"01 Jul 21 -","page_number":120,"box":{"x":756,"y":146,"width":77,"height":9}},{"id":"37b88721-272b-49d9-aa8a-8405f3d9dd28","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"74027d8d-5510-4144-b803-8326a17c9bbe","block_type":"box","text":"03 Feb 99 -","page_number":120,"box":{"x":859,"y":146,"width":85,"height":9}},{"id":"c3e496ad-98f7-4d6a-84d0-72ff5b7de076","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"62d87c16-099b-4fce-8cf2-6ef4280bfddf","block_type":"box","text":"%","page_number":120,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"582b170d-c524-44a0-a1a9-638216af2768","block_type":"box","text":"%","page_number":120,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"56b1da54-91c2-4251-87c6-8fdb3be46493","block_type":"box","text":"%","page_number":120,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"a2cd0388-291b-4264-a312-b33eb7b8bad3","block_type":"box","text":"%","page_number":120,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"0238dbb3-5c42-45f0-9f49-e153062f284d","block_type":"box","text":"%","page_number":120,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"cbfe4e88-182a-41bb-9539-e213aca578b1","block_type":"box","text":"Fund","page_number":120,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"c34c8ce0-cd36-4c65-a73f-1492dd21837b","block_type":"box","text":"P Acc (Net)","page_number":120,"box":{"x":308,"y":196,"width":83,"height":11}},{"id":"c8552d6d-1f08-4069-9095-27d4ec8a16c7","block_type":"box","text":"2.80","page_number":120,"box":{"x":459,"y":196,"width":31,"height":9}},{"id":"4fec4bef-dabd-4ca0-b3e1-328c766db03d","block_type":"box","text":"6.50","page_number":120,"box":{"x":565,"y":196,"width":32,"height":9}},{"id":"a0bddb55-2673-4c92-a0cb-34096087b005","block_type":"box","text":"19.90","page_number":120,"box":{"x":669,"y":196,"width":39,"height":9}},{"id":"149c8ecd-3065-42e5-befb-31ed1792c6e3","block_type":"box","text":"-0.10","page_number":120,"box":{"x":776,"y":196,"width":37,"height":9}},{"id":"61581e47-5863-4fcf-8301-793caa1f5311","block_type":"box","text":"197.00","page_number":120,"box":{"x":878,"y":196,"width":49,"height":9}},{"id":"efd9702f-b725-4ffc-a2a4-da081165265c","block_type":"box","text":"Comparator","page_number":120,"box":{"x":49,"y":210,"width":88,"height":11}},{"id":"dc5ad30c-532c-41a6-84bd-ce1fc8343bba","block_type":"box","text":"Index","page_number":120,"box":{"x":308,"y":210,"width":40,"height":9}},{"id":"6d7a5954-2fd7-4b63-b9b2-d02f3b69889c","block_type":"box","text":"5.10","page_number":120,"box":{"x":459,"y":210,"width":31,"height":9}},{"id":"27a96ba8-2ab4-4f63-ad8e-33cf52f1365f","block_type":"box","text":"12.00","page_number":120,"box":{"x":562,"y":210,"width":39,"height":9}},{"id":"bbe4cb2a-aca3-46b3-826b-073c79ddcfd2","block_type":"box","text":"32.70","page_number":120,"box":{"x":667,"y":210,"width":41,"height":9}},{"id":"234aa5fc-46e4-4bea-8320-6b5b86be4a65","block_type":"box","text":"18.00","page_number":120,"box":{"x":775,"y":210,"width":39,"height":9}},{"id":"b5831d3a-6bd7-47ab-9c9a-53f3efeb49d3","block_type":"box","text":"355.70","page_number":120,"box":{"x":877,"y":210,"width":50,"height":9}},{"id":"fcd62a5e-d388-4783-8525-8d752e595059","block_type":"box","text":"Discrete performance","page_number":120,"box":{"x":52,"y":254,"width":171,"height":11}},{"id":"211f5616-7d81-4ca3-873c-a11dd06dbfc4","block_type":"box","text":"01 Jul 25 -","page_number":120,"box":{"x":436,"y":254,"width":82,"height":9}},{"id":"143fcc41-c4f5-449f-a4a9-3a5570d56fef","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":441,"y":269,"width":67,"height":8}},{"id":"7fdffe96-6bab-409f-9584-86952b35b9dd","block_type":"box","text":"01 Jul 24 -","page_number":120,"box":{"x":543,"y":254,"width":82,"height":9}},{"id":"e78aa35a-9b2a-41c8-a7b3-9c83f122bf19","block_type":"box","text":"30 Jun 25","page_number":120,"box":{"x":545,"y":269,"width":72,"height":8}},{"id":"6dc587dc-5d74-483f-a16c-e6694b4a7e1f","block_type":"box","text":"01 Jul 23 -","page_number":120,"box":{"x":649,"y":254,"width":83,"height":9}},{"id":"591de4ae-0502-450a-a290-a0df8c211139","block_type":"box","text":"30 Jun 24","page_number":120,"box":{"x":652,"y":269,"width":72,"height":8}},{"id":"4087c5ba-3e5e-4f0a-a738-226a82d4c161","block_type":"box","text":"01 Jul 22 -","page_number":120,"box":{"x":756,"y":254,"width":82,"height":9}},{"id":"d4da7218-182b-450e-a8a5-24dc8457421b","block_type":"box","text":"30 Jun 23","page_number":120,"box":{"x":758,"y":269,"width":72,"height":8}},{"id":"2e7a862e-ac5e-4878-979f-fda63e9dd8de","block_type":"box","text":"01 Jul 21 -","page_number":120,"box":{"x":863,"y":254,"width":83,"height":9}},{"id":"da682753-48d4-4a3f-b6ca-1338f9aae164","block_type":"box","text":"30 Jun 22","page_number":120,"box":{"x":866,"y":269,"width":72,"height":8}},{"id":"c5730abf-bcc5-4149-88d3-a9df9e5f3d35","block_type":"box","text":"%","page_number":120,"box":{"x":468,"y":291,"width":13,"height":9}},{"id":"a58b1020-6cbe-4432-9c2c-b64a9a37b02f","block_type":"box","text":"%","page_number":120,"box":{"x":575,"y":291,"width":13,"height":9}},{"id":"fe9a224d-090b-4635-bc40-0082da8fda95","block_type":"box","text":"%","page_number":120,"box":{"x":681,"y":291,"width":13,"height":9}},{"id":"6c942669-cf0c-4ba9-bcee-ec3472ba1ad9","block_type":"box","text":"%","page_number":120,"box":{"x":788,"y":291,"width":13,"height":9}},{"id":"f2ca8388-6888-4913-b4e7-a3e22e1ca54a","block_type":"box","text":"%","page_number":120,"box":{"x":895,"y":291,"width":13,"height":9}},{"id":"797d5512-da7d-44b6-b9a3-cfb0f91ba708","block_type":"box","text":"Fund","page_number":120,"box":{"x":50,"y":304,"width":36,"height":9}},{"id":"44f233b7-490a-42c2-a378-4829227414be","block_type":"box","text":"P Acc (Net)","page_number":120,"box":{"x":308,"y":304,"width":83,"height":11}},{"id":"219a03e8-1410-4206-9b68-682c5f31c004","block_type":"box","text":"6.50","page_number":120,"box":{"x":459,"y":304,"width":31,"height":9}},{"id":"67ee8791-d6ca-4192-950a-30ffcfa12c0a","block_type":"box","text":"1.30","page_number":120,"box":{"x":567,"y":304,"width":30,"height":9}},{"id":"7490a725-6827-444b-b45e-9d0ad5f9d850","block_type":"box","text":"10.80","page_number":120,"box":{"x":669,"y":304,"width":39,"height":9}},{"id":"c272f4bf-ea0c-42c2-9005-42ad2aa3d41e","block_type":"box","text":"-5.10","page_number":120,"box":{"x":776,"y":304,"width":37,"height":9}},{"id":"d5c6afb9-9ceb-4d27-9a37-6ed17e592715","block_type":"box","text":"-12.40","page_number":120,"box":{"x":878,"y":304,"width":47,"height":9}},{"id":"6de8e7f7-868f-4063-a0ef-43188008d4a9","block_type":"box","text":"Comparator","page_number":120,"box":{"x":49,"y":318,"width":88,"height":12}},{"id":"682cd474-6d15-483d-96ec-e4bc5746ce2b","block_type":"box","text":"Index","page_number":120,"box":{"x":308,"y":319,"width":40,"height":8}},{"id":"2ebb6571-7604-4bf7-b3e7-dc199ae8931f","block_type":"box","text":"12.0","page_number":120,"box":{"x":460,"y":318,"width":30,"height":9}},{"id":"a538e867-31fb-4879-aa61-79191c404daf","block_type":"box","text":"5.90","page_number":120,"box":{"x":565,"y":318,"width":32,"height":9}},{"id":"a8e29195-03b5-443b-8bf6-2843d9938d92","block_type":"box","text":"11.80","page_number":120,"box":{"x":669,"y":319,"width":38,"height":8}},{"id":"5fe04a70-2773-4fc7-80d1-88f3001d7a24","block_type":"box","text":"-1.00","page_number":120,"box":{"x":776,"y":318,"width":37,"height":9}},{"id":"51d2e495-bdef-46c1-99b8-b87a3c95e81d","block_type":"box","text":"-9.90","page_number":120,"box":{"x":883,"y":318,"width":37,"height":9}},{"id":"e8bebeeb-3203-4ee7-9b3e-ec69c720bfa1","block_type":"box","text":"Annualised performance","page_number":120,"box":{"x":51,"y":363,"width":196,"height":11}},{"id":"f4c2145d-3ab5-4217-ab91-298f5d7e0fd7","block_type":"box","text":"5 yrs","page_number":120,"box":{"x":457,"y":363,"width":35,"height":11}},{"id":"987a8735-b724-4e99-b1ea-d72ee17137f8","block_type":"box","text":"01 Jul 21 -","page_number":120,"box":{"x":436,"y":376,"width":82,"height":9}},{"id":"7af707ad-7e0f-45e7-aa0a-e2d1771f5c5c","block_type":"box","text":"03 Jul 26","page_number":120,"box":{"x":441,"y":390,"width":67,"height":9}},{"id":"9fd08328-4b29-457a-b5ac-2d81b383b663","block_type":"box","text":"%","page_number":120,"box":{"x":468,"y":412,"width":13,"height":9}},{"id":"8f917760-9ea9-410a-8ef5-5ee5601c3212","block_type":"box","text":"Fund","page_number":120,"box":{"x":50,"y":426,"width":36,"height":9}},{"id":"a0e731c1-071b-4791-83a2-8d2b9184866e","block_type":"box","text":"P Acc (Net)","page_number":120,"box":{"x":308,"y":426,"width":83,"height":11}},{"id":"f0f3e2d9-1258-4c4c-9c97-d013b42d30be","block_type":"box","text":"-0.10","page_number":120,"box":{"x":456,"y":426,"width":37,"height":9}},{"id":"368fc9e1-2515-4d2d-9633-de8e94157b51","block_type":"box","text":"Target","page_number":120,"box":{"x":49,"y":440,"width":46,"height":11}},{"id":"cd03009b-ebc9-42c5-9f79-2164d3ece10f","block_type":"box","text":"CPI","page_number":120,"box":{"x":308,"y":440,"width":25,"height":9}},{"id":"e6ab4fac-5d2d-4938-a374-43edd868a766","block_type":"box","text":"6.00","page_number":120,"box":{"x":459,"y":440,"width":31,"height":9}},{"id":"21a6d571-b0a4-46ef-ad9f-4a43b9599b63","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":120,"box":{"x":42,"y":487,"width":222,"height":6}},{"id":"a93f6702-bd94-4025-bd73-8f4085d078d2","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":120,"box":{"x":43,"y":507,"width":444,"height":6}},{"id":"8e32caf7-09ec-4827-b197-4d9f2a56162d","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":120,"box":{"x":42,"y":515,"width":445,"height":7}},{"id":"10f5d5ba-1927-4ad9-a12f-794508f838bc","block_type":"box","text":"reinvested.","page_number":120,"box":{"x":42,"y":524,"width":48,"height":5}},{"id":"b350d853-adc9-43d7-901c-71969061d499","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched on","page_number":120,"box":{"x":42,"y":543,"width":445,"height":7}},{"id":"754c50b0-3b39-485a-a079-1bb9d82e3df7","block_type":"box","text":"15 October 2012. Performance prior to this date is from the previously merged share class Sarasin Multi","page_number":120,"box":{"x":43,"y":551,"width":444,"height":7}},{"id":"526a03c9-59e7-4c7c-9990-257e86b965a9","block_type":"box","text":"Asset - Strategic A Acc. Prior to 16 June 2021, the sub-fund was named Sarasin GlobalSar - Strategic.","page_number":120,"box":{"x":42,"y":560,"width":445,"height":7}},{"id":"8d8fe2be-9332-433a-96e3-4060cfca92d2","block_type":"box","text":"Prior to 31 January 2014, the sub-fund was named Sarasin GlobalSar - Cautious.","page_number":120,"box":{"x":43,"y":569,"width":360,"height":6}},{"id":"7e7acdf1-e405-4aa8-8cd9-f8b7041806ce","block_type":"box","text":"Please note that the performance target is to be achieved over a specific annualised time period -","page_number":120,"box":{"x":43,"y":588,"width":444,"height":7}},{"id":"99d3a83a-2502-4683-9872-1a395c3dec68","block_type":"box","text":"refer to the investment objective above.","page_number":120,"box":{"x":42,"y":596,"width":175,"height":7}},{"id":"99ee30a2-45eb-492d-9f02-d40abbc46860","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":120,"box":{"x":43,"y":616,"width":444,"height":6}},{"id":"321f4866-805c-4b58-88e8-f62eaf14a2f9","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":120,"box":{"x":42,"y":624,"width":116,"height":7}},{"id":"e1cc179d-0863-4b86-8080-405fbd5a6279","block_type":"box","text":"Performance","page_number":120,"box":{"x":43,"y":646,"width":101,"height":8}},{"id":"6328f9f3-644b-4c79-8f2f-d82be09b877c","block_type":"box","text":"The sub-fund returned 2.80% (net of charges) for the period","page_number":120,"box":{"x":42,"y":660,"width":450,"height":11}},{"id":"8c23fe14-5940-48f6-97a8-48d489060fb9","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 5.10% for the","page_number":120,"box":{"x":42,"y":674,"width":450,"height":11}},{"id":"605b8ea7-584d-4e81-968f-8e078d1e32aa","block_type":"box","text":"comparator benchmark. The performance of the sub-fund","page_number":120,"box":{"x":42,"y":688,"width":444,"height":11}},{"id":"edfd3fcc-04d7-497f-ba2c-620b1f7a8aea","block_type":"box","text":"compared to the benchmark has again been challenging.","page_number":120,"box":{"x":42,"y":703,"width":444,"height":11}},{"id":"0f62aafd-6aaf-45dd-addd-35bb7d250ba3","block_type":"box","text":"In particular, the extraordinary moves by the semiconductor","page_number":120,"box":{"x":43,"y":717,"width":445,"height":11}},{"id":"5c7f26ef-fb8b-41b9-a6fe-6198dc518211","block_type":"box","text":"and memory stocks within the world equity index have been","page_number":120,"box":{"x":42,"y":731,"width":444,"height":11}},{"id":"bfe9bf4a-a76c-45c1-bed1-bf482eb5dcfc","block_type":"box","text":"extremely hard to match. Yes, the sub-fund has exposure to","page_number":120,"box":{"x":42,"y":745,"width":445,"height":12}},{"id":"4eff71a5-12ce-4dc8-8889-e7bbf7e4669c","block_type":"box","text":"these sectors in the US and Asia, but not at market weights.","page_number":120,"box":{"x":42,"y":760,"width":444,"height":11}},{"id":"143916af-3de4-4491-bfa1-21cc4f879b1c","block_type":"box","text":"More generally, the accelerating AI boom has created one","page_number":120,"box":{"x":43,"y":774,"width":444,"height":11}},{"id":"10695b39-6c3d-446a-b652-23aa8dab564c","block_type":"box","text":"of the most powerful momentum-led rallies in recent years,","page_number":120,"box":{"x":42,"y":788,"width":444,"height":11}},{"id":"e0571f66-3679-4833-bdd6-6406852c5313","block_type":"box","text":"and those diversifying into ‘quality’ or more defensive","page_number":120,"box":{"x":42,"y":802,"width":445,"height":12}},{"id":"0c0c0318-a79a-4bb0-888e-a8cd80fbf379","block_type":"box","text":"equity holdings have inevitably underperformed. We are","page_number":120,"box":{"x":42,"y":817,"width":445,"height":11}},{"id":"fc62435d-48c8-449e-b30d-085b17400b79","block_type":"box","text":"no exception, given that our thematic stocks typically tend","page_number":120,"box":{"x":43,"y":831,"width":443,"height":11}},{"id":"471b9487-33d4-43e7-b1fe-bbc2bf14fcb1","block_type":"box","text":"to show higher returns on equity, lower financial leverage,","page_number":120,"box":{"x":42,"y":845,"width":450,"height":11}},{"id":"863187ac-f874-47b2-9f3e-514a1cb0c06c","block_type":"box","text":"and more stable earnings growth, which have often been","page_number":120,"box":{"x":42,"y":859,"width":450,"height":12}},{"id":"96078857-45ba-4b79-a96c-fd1259003929","block_type":"box","text":"overlooked in the recent market rally. There are signs that","page_number":120,"box":{"x":42,"y":874,"width":450,"height":11}},{"id":"37d358a3-e380-4f01-bd67-a24d5b95787c","block_type":"box","text":"market leadership may be broadening beyond a narrow","page_number":120,"box":{"x":43,"y":888,"width":449,"height":11}},{"id":"4c6bf4a6-3cca-45ce-8541-b6a4e0484bc3","block_type":"box","text":"group of AI winners, which would be beneficial for our","page_number":120,"box":{"x":42,"y":902,"width":450,"height":11}},{"id":"57989159-3972-4ac3-9714-6c3802f087ce","block_type":"box","text":"thematic equity approach.","page_number":120,"box":{"x":42,"y":917,"width":191,"height":11}},{"id":"0626f9c0-e65b-4222-9fe9-eab458edf7bb","block_type":"box","text":"Review","page_number":120,"box":{"x":513,"y":490,"width":56,"height":8}},{"id":"dad11212-4d7e-41fe-96e1-8f7533bbe0f4","block_type":"box","text":"A combination of factors shaped investor sentiment over","page_number":120,"box":{"x":512,"y":504,"width":450,"height":11}},{"id":"2ad3ebed-f42a-4c09-9e06-58301ce9c4da","block_type":"box","text":"the first half of 2026. These included the impact of the","page_number":120,"box":{"x":512,"y":518,"width":450,"height":11}},{"id":"04c997df-3486-4498-a360-3e9209f86e5a","block_type":"box","text":"US-Iran conflict, which initially caused uncertainty and led","page_number":120,"box":{"x":513,"y":532,"width":449,"height":11}},{"id":"0d5cae60-e089-4703-ad07-471d70c4716c","block_type":"box","text":"to the closure of the Strait of Hormuz, but appeared to be","page_number":120,"box":{"x":512,"y":546,"width":450,"height":12}},{"id":"0786acde-ae38-4af4-b3f1-9db9a4867a30","block_type":"box","text":"de-escalating as the period progressed. The more optimistic","page_number":120,"box":{"x":512,"y":561,"width":450,"height":11}},{"id":"ba83aba8-1f44-4008-8157-28b47bf43023","block_type":"box","text":"outlook gradually encouraged investors to favour riskier","page_number":120,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"398ccdc4-e283-4f74-a3fd-4c0b87349aca","block_type":"box","text":"assets such as shares.","page_number":120,"box":{"x":512,"y":590,"width":175,"height":8}},{"id":"d9a7bb5b-8a6a-448d-8342-3e3a852a0aa0","block_type":"box","text":"Oil prices fell sharply as the conflict looked to be closer to","page_number":120,"box":{"x":512,"y":614,"width":450,"height":11}},{"id":"01f9c10b-78f2-4f15-8ff3-7b7657d81cdc","block_type":"box","text":"a resolution, and the easing of energy concerns allowed","page_number":120,"box":{"x":512,"y":628,"width":450,"height":12}},{"id":"439cd074-6656-4e24-bee5-3aa194daf29b","block_type":"box","text":"markets to refocus on Artificial Intelligence (AI), which helped","page_number":120,"box":{"x":513,"y":643,"width":449,"height":11}},{"id":"5e86f35f-e78b-4df4-bb2b-7b0115a233d5","block_type":"box","text":"to push technology stocks higher. Further boosts came from","page_number":120,"box":{"x":512,"y":657,"width":450,"height":11}},{"id":"42cb0e7f-d85c-4a96-b26d-09409fb86fb4","block_type":"box","text":"companies raising their spending plans for the year and","page_number":120,"box":{"x":512,"y":671,"width":450,"height":11}},{"id":"eeab9bab-8efa-4101-8a10-c8e16d1408fa","block_type":"box","text":"upgraded global earnings forecasts.","page_number":120,"box":{"x":513,"y":685,"width":270,"height":12}},{"id":"e8650b9b-5c00-49c8-9ae6-91a394ee0282","block_type":"box","text":"Emerging markets were among the strongest performers","page_number":120,"box":{"x":513,"y":710,"width":444,"height":12}},{"id":"3fa786a7-3cab-4370-ba9c-e777c07a764b","block_type":"box","text":"during the period, driven by the heavy weighting of","page_number":120,"box":{"x":512,"y":725,"width":446,"height":11}},{"id":"b70f309d-5c87-4e6d-b344-d8936a48f3d0","block_type":"box","text":"semiconductor and IT hardware companies in the index.","page_number":120,"box":{"x":512,"y":739,"width":415,"height":11}},{"id":"c82b0164-809e-442f-b121-3102515509a3","block_type":"box","text":"Global government bonds were generally weaker earlier in","page_number":120,"box":{"x":512,"y":764,"width":444,"height":11}},{"id":"c8c7c578-ff81-42b3-b4e2-6d1b82b4be8d","block_type":"box","text":"the period as the spike in energy prices caused renewed","page_number":120,"box":{"x":512,"y":778,"width":444,"height":11}},{"id":"0dfb5d4e-17a6-4ede-ad31-c329ab71acd6","block_type":"box","text":"concerns over inflation, especially in the UK, which was seen","page_number":120,"box":{"x":512,"y":792,"width":444,"height":12}},{"id":"220729e6-77dc-4135-ab6e-c4e460b80005","block_type":"box","text":"as particularly exposed to higher fuel prices. However, UK","page_number":120,"box":{"x":512,"y":807,"width":445,"height":11}},{"id":"b99c8537-09ba-49ae-95de-1d82b445c259","block_type":"box","text":"Gilts recovered later in the period as softer-than-expected","page_number":120,"box":{"x":512,"y":821,"width":444,"height":11}},{"id":"b0d3f024-b6c1-4dc6-9078-77dcd7a229ce","block_type":"box","text":"inflation reduced the likelihood of interest-rate rises.","page_number":120,"box":{"x":513,"y":835,"width":381,"height":9}},{"id":"bfb70819-bd93-4869-a21b-bc519e166ccf","block_type":"box","text":"After a sharp rise in oil and gas prices at the start of the","page_number":120,"box":{"x":512,"y":860,"width":450,"height":11}},{"id":"5e54e9a0-a369-4095-b18b-0a1931e42bfc","block_type":"box","text":"conflict, commodities declined later in the period. Gold","page_number":120,"box":{"x":512,"y":874,"width":450,"height":12}},{"id":"2fc1a042-0aa3-4cd6-9868-68e83210f8a5","block_type":"box","text":"and precious metals also fell in value as the US dollar","page_number":120,"box":{"x":512,"y":889,"width":450,"height":11}},{"id":"42fdb90b-831d-4be3-81a6-2358ee429e69","block_type":"box","text":"strengthened and expectations of higher US interest rates","page_number":120,"box":{"x":512,"y":903,"width":450,"height":11}},{"id":"009bafe8-15da-411f-aa93-abe03cf2e2c7","block_type":"box","text":"grew. However, industrial metals rose on demand tied to","page_number":120,"box":{"x":512,"y":917,"width":445,"height":11}},{"id":"1fdab67d-a076-46c2-aa38-8020271bde36","block_type":"box","text":"technology and infrastructure investment.","page_number":120,"box":{"x":512,"y":931,"width":305,"height":12}},{"id":"fcecd6c3-1e28-4c4f-ae5b-c7f8ffc4efab","block_type":"box","text":"120","page_number":121,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"686aeb5f-0d6e-4822-95df-fa85a9214644","block_type":"box","text":"121","page_number":121,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"1a30a2ac-43fa-4158-8d24-4ac621fa85f0","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":121,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"db4720d4-1ae5-4b9e-a13d-3ef0dc7d8fd5","block_type":"box","text":"Positives","page_number":121,"box":{"x":43,"y":95,"width":72,"height":9}},{"id":"ac23bfe1-e459-404e-8f8e-062839b703a3","block_type":"box","text":"Among the sub-fund’s holdings, ASML Holding, a leading","page_number":121,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"13292b21-ec9c-492f-92f5-35863a01f16d","block_type":"box","text":"manufacturer of semiconductor production equipment,","page_number":121,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"1011ffe7-1bc8-43d5-992d-c852812fd612","block_type":"box","text":"delivered strong performance throughout the period. This","page_number":121,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"0ee688b2-39fb-49c0-8740-0651fe8b7115","block_type":"box","text":"was driven by record-breaking new orders, profit margins","page_number":121,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"c1ee3c22-ba7c-4f9f-8496-63fc2046f74b","block_type":"box","text":"that were at the upper end of expectations and an increase","page_number":121,"box":{"x":42,"y":166,"width":450,"height":11}},{"id":"cb82cda2-3a8f-4868-b596-33f197ef592c","block_type":"box","text":"in projected revenues for the full year.","page_number":121,"box":{"x":43,"y":181,"width":277,"height":11}},{"id":"ded0d6ca-2125-4285-b010-35d52a94bfca","block_type":"box","text":"Another positive contributor was BHP Group, a global mining","page_number":121,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"a35f6ce0-79ea-4616-809f-efb083cfff3c","block_type":"box","text":"company primarily producing iron ore and copper. The stock","page_number":121,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"3a65ece6-fd6e-4674-bbe9-c8c2508eda34","block_type":"box","text":"was a strong performer as copper prices reached new record","page_number":121,"box":{"x":42,"y":234,"width":450,"height":11}},{"id":"b99edbbc-e54c-4bc4-8a4d-5653be07071b","block_type":"box","text":"highs as a result of mounting supply risks from global mine","page_number":121,"box":{"x":43,"y":248,"width":449,"height":12}},{"id":"29b02785-7145-4911-9eda-24300a5c61fc","block_type":"box","text":"disruptions. Iron ore was also firm given resilient Chinese","page_number":121,"box":{"x":42,"y":263,"width":450,"height":11}},{"id":"fb98204e-869b-4e2e-9d21-916fcb1a1234","block_type":"box","text":"demand.","page_number":121,"box":{"x":42,"y":277,"width":64,"height":9}},{"id":"cc0c6532-ff6b-48c9-92a8-1863e65863ff","block_type":"box","text":"The shares of consumer products company","page_number":121,"box":{"x":42,"y":302,"width":450,"height":11}},{"id":"f607549e-b8f7-4af4-98b1-3e57773546d6","block_type":"box","text":"Colgate-Palmolive performed well as the company","page_number":121,"box":{"x":43,"y":316,"width":449,"height":11}},{"id":"83633f2b-cc86-4aa5-87a7-5010e74c0c71","block_type":"box","text":"maintained its upward momentum. This was largely a result of","page_number":121,"box":{"x":43,"y":330,"width":449,"height":12}},{"id":"98e788ad-3564-4f86-966a-1e70ab26c2f0","block_type":"box","text":"better-than-expected results for the final quarter of 2025 and","page_number":121,"box":{"x":43,"y":345,"width":449,"height":11}},{"id":"e1ed0ccf-d596-48fe-98f5-a0a6e80d533b","block_type":"box","text":"a strategy aimed at maintaining growth over the next five","page_number":121,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"dafa2279-477d-48c2-9a3d-5567bfe3c9a3","block_type":"box","text":"years.","page_number":121,"box":{"x":42,"y":375,"width":50,"height":9}},{"id":"1dcf7e9d-ec2f-4574-a186-c002f85fa1e2","block_type":"box","text":"The holding in Citigroup also proved favourable for returns","page_number":121,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"baa56671-299c-48fd-8398-b8b513fdac2e","block_type":"box","text":"as the firm’s restructuring plan started to pay off. There was","page_number":121,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"afb4b6a8-72d7-40cc-92de-f7c1cc670c9f","block_type":"box","text":"also a positive contribution from Schiehallion Fund, which","page_number":121,"box":{"x":42,"y":427,"width":450,"height":11}},{"id":"1bbe13e2-dce2-406c-a436-5571a76a4880","block_type":"box","text":"invests in private companies.","page_number":121,"box":{"x":43,"y":441,"width":213,"height":11}},{"id":"8afdef4d-aedc-4cb1-8fab-c5dd3a979bd2","block_type":"box","text":"Negatives","page_number":121,"box":{"x":43,"y":466,"width":77,"height":11}},{"id":"6ecd5f4d-560f-4713-88e9-55448ec63aa2","block_type":"box","text":"CME Group, a leading derivatives marketplace which","page_number":121,"box":{"x":43,"y":480,"width":449,"height":11}},{"id":"91748ab6-90fd-4b27-9f91-a9e08b23b333","block_type":"box","text":"enables clients to trade futures and options, was among","page_number":121,"box":{"x":42,"y":494,"width":450,"height":12}},{"id":"27d1056f-c283-4b20-bee6-c667e7eaa0e6","block_type":"box","text":"the weaker performers. The company’s revenues are tied","page_number":121,"box":{"x":42,"y":509,"width":450,"height":11}},{"id":"7681fd2b-9979-41b7-a92e-329ad4d9e56e","block_type":"box","text":"to trading volumes. Having seen higher levels when the","page_number":121,"box":{"x":42,"y":523,"width":450,"height":11}},{"id":"bccef1f5-d306-4f8f-9ea6-18575023839e","block_type":"box","text":"US-Iran conflict was most acute, volumes cooled as the","page_number":121,"box":{"x":43,"y":537,"width":449,"height":11}},{"id":"6dbf3323-fb94-456b-91f6-09f94d1ceef8","block_type":"box","text":"period progressed. Investors also grew more concerned","page_number":121,"box":{"x":43,"y":551,"width":449,"height":12}},{"id":"0b2964b9-cf64-47a8-814f-e755ee28c044","block_type":"box","text":"about the competitive threat posed by other products which","page_number":121,"box":{"x":42,"y":566,"width":450,"height":11}},{"id":"77cc30d9-e877-48bb-9364-00914ca95e0d","block_type":"box","text":"offer greater flexibility.","page_number":121,"box":{"x":42,"y":580,"width":161,"height":11}},{"id":"fdfa549c-a4d6-4a41-94cc-5c8022012327","block_type":"box","text":"Shares of ServiceNow, a software specialist, were weaker","page_number":121,"box":{"x":43,"y":605,"width":449,"height":11}},{"id":"2b423558-faae-44ed-9291-b632e5c9a8d8","block_type":"box","text":"after the company announced its fourth-quarter 2025 results.","page_number":121,"box":{"x":42,"y":619,"width":450,"height":11}},{"id":"a21c7a36-0a68-423b-87f8-cebc061f1203","block_type":"box","text":"The weakness was despite performance that was better than","page_number":121,"box":{"x":42,"y":633,"width":450,"height":11}},{"id":"1690f8a5-09f3-43c8-955e-d78d73320257","block_type":"box","text":"expectations and full-year 2026 guidance which came in","page_number":121,"box":{"x":42,"y":648,"width":450,"height":11}},{"id":"314dbbda-13d8-411a-9601-eda0589d5364","block_type":"box","text":"ahead of consensus.","page_number":121,"box":{"x":42,"y":662,"width":153,"height":9}},{"id":"59be94da-b333-4473-bcd2-3ff8f4b7b402","block_type":"box","text":"Our holding in Netflix, the subscription streaming service,","page_number":121,"box":{"x":43,"y":687,"width":443,"height":11}},{"id":"6ffd7015-3dfa-4b58-a339-485910e0433c","block_type":"box","text":"detracted despite the release of results that were ahead of","page_number":121,"box":{"x":42,"y":701,"width":446,"height":11}},{"id":"9cc2c506-6210-485c-a42a-f86f81045ca6","block_type":"box","text":"expectations. Investors focused instead on a disappointing","page_number":121,"box":{"x":42,"y":715,"width":444,"height":12}},{"id":"8c1a52df-2785-4289-9078-2f0eaf196d21","block_type":"box","text":"outlook for revenue and operating income, plus unchanged","page_number":121,"box":{"x":42,"y":730,"width":444,"height":11}},{"id":"82c311c0-946e-43b6-afdb-ae83ad292fe4","block_type":"box","text":"full-year revenue guidance. The latter frustrated investors","page_number":121,"box":{"x":42,"y":744,"width":445,"height":11}},{"id":"acef7cf8-17c2-4f9f-8528-831b4624dfed","block_type":"box","text":"hoping that a price increase for US subscribers would lift","page_number":121,"box":{"x":43,"y":758,"width":444,"height":11}},{"id":"847f4767-1bba-45e1-bb31-59072af6fcf5","block_type":"box","text":"the overall outlook. The company also announced that","page_number":121,"box":{"x":42,"y":772,"width":445,"height":12}},{"id":"7414923b-8621-4f5d-ac25-842e0a134026","block_type":"box","text":"co-founder Reed Hastings would not stand for re-election","page_number":121,"box":{"x":42,"y":787,"width":444,"height":11}},{"id":"7be83796-3f73-454c-9359-039b71e8ac8a","block_type":"box","text":"to the board; he subsequently stepped down at the annual","page_number":121,"box":{"x":42,"y":801,"width":444,"height":11}},{"id":"2a72a2a6-2723-4020-a786-4d0c030bfadf","block_type":"box","text":"meeting in June.","page_number":121,"box":{"x":43,"y":815,"width":121,"height":11}},{"id":"7c455c26-73b7-4c13-96d8-01d03872d60f","block_type":"box","text":"Transactions","page_number":121,"box":{"x":42,"y":840,"width":103,"height":9}},{"id":"a30e56e6-fd37-41bf-8dd0-2acf21f1758a","block_type":"box","text":"We took a holding in the aforementioned BHP Group. We","page_number":121,"box":{"x":42,"y":854,"width":450,"height":12}},{"id":"fa40f28b-b8dc-420b-a9df-1b79533dcba4","block_type":"box","text":"believe that it offers high-quality exposure to copper, which we","page_number":121,"box":{"x":43,"y":869,"width":449,"height":11}},{"id":"33a97dd9-5f01-4308-b3a7-56d24c40562e","block_type":"box","text":"view as benefiting from demand arising from electrification,","page_number":121,"box":{"x":42,"y":883,"width":450,"height":11}},{"id":"832db8a0-1a45-438c-b592-7faeea382dea","block_type":"box","text":"as well as tightening global supply.","page_number":121,"box":{"x":42,"y":897,"width":256,"height":11}},{"id":"ba374eb8-1df3-4124-8591-f3d03bd3633e","block_type":"box","text":"We also invested in a basket of emerging market local","page_number":121,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"821b1403-69e9-4421-bf3e-e43259480363","block_type":"box","text":"government bonds. We feel that over the next three to five","page_number":121,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"1d3d864f-6d5e-4026-99cb-612e2e5125b2","block_type":"box","text":"years Asian currencies will appreciate relative to the US","page_number":121,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"3b8b810e-116a-4fb6-9e39-16237bb9d60f","block_type":"box","text":"dollar. This holding gives portfolios diversified exposure","page_number":121,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"31c9fb9b-b775-4308-a708-7e80d5860c07","block_type":"box","text":"to emerging market currencies through local government","page_number":121,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"8d7a8957-8e4e-4e86-93af-f9858669f177","block_type":"box","text":"bonds.","page_number":121,"box":{"x":513,"y":151,"width":48,"height":8}},{"id":"8aa93637-f91a-4478-a0ac-be9344567fb4","block_type":"box","text":"Another new position was in an industrial metals ETF","page_number":121,"box":{"x":512,"y":175,"width":450,"height":11}},{"id":"92e1fdb7-36f7-4322-94a7-4be9db37cb94","block_type":"box","text":"(exchange-traded fund). We think this sector could be a","page_number":121,"box":{"x":513,"y":190,"width":449,"height":11}},{"id":"e5d171e5-ca5c-456d-b007-11639cf81880","block_type":"box","text":"beneficiary of entering a multi-year physical investment boom","page_number":121,"box":{"x":513,"y":204,"width":449,"height":11}},{"id":"29d43b8b-4dd1-4bc7-b603-c46b6448667e","block_type":"box","text":"led by the demand for AI and electrification, the reshoring of","page_number":121,"box":{"x":513,"y":218,"width":449,"height":11}},{"id":"13e19adf-7480-4ea7-9761-c41b46a62cee","block_type":"box","text":"domestic supply chains and rising defence spending.","page_number":121,"box":{"x":512,"y":232,"width":391,"height":12}},{"id":"f50988b5-1320-4bb7-8f82-7377c7f1300f","block_type":"box","text":"We also established a holding in Citigroup, a global bank","page_number":121,"box":{"x":512,"y":257,"width":450,"height":12}},{"id":"2a04d3ac-4763-4f55-944a-2c61f6d578b1","block_type":"box","text":"which is reaching the end of a multi-year restructuring plan.","page_number":121,"box":{"x":512,"y":272,"width":450,"height":11}},{"id":"560d96a5-5862-4a14-976d-99fab07f555e","block_type":"box","text":"The firm now has a greater focus on growth. We see signs","page_number":121,"box":{"x":512,"y":286,"width":450,"height":11}},{"id":"d865cb21-4212-4ded-bd5e-14c219f3c6e2","block_type":"box","text":"of progress towards this goal, and valuations are supportive,","page_number":121,"box":{"x":512,"y":300,"width":450,"height":11}},{"id":"5e202621-2de3-4eeb-b82d-c12108b81619","block_type":"box","text":"making it one of the cheaper financial stocks in the US. This","page_number":121,"box":{"x":513,"y":314,"width":449,"height":12}},{"id":"12f5b77f-e3a3-4d1b-9a02-539d3543be8c","block_type":"box","text":"was funded by reducing the position in JP Morgan Chase","page_number":121,"box":{"x":512,"y":329,"width":450,"height":11}},{"id":"68c2a8c3-85f3-4787-a2ea-de33c601314a","block_type":"box","text":"& Company, as we believed its valuation had become less","page_number":121,"box":{"x":512,"y":343,"width":450,"height":11}},{"id":"9a6d8518-4c25-4214-842f-d9c76ec13082","block_type":"box","text":"attractive.","page_number":121,"box":{"x":512,"y":357,"width":71,"height":9}},{"id":"6f87ee29-032c-4f6c-8b56-feb143eeea54","block_type":"box","text":"Alongside complete sales of Rio Tinto and Givaudan, which","page_number":121,"box":{"x":512,"y":382,"width":450,"height":11}},{"id":"ec0914ae-3483-40ca-83d5-40ff3eac40d1","block_type":"box","text":"had become less attractive, we trimmed exposure to gold in","page_number":121,"box":{"x":513,"y":396,"width":449,"height":12}},{"id":"81a53a59-2ed3-45e6-bc3c-26b680c72632","block_type":"box","text":"order to lock in profits on our previously long-held overweight","page_number":121,"box":{"x":512,"y":411,"width":450,"height":11}},{"id":"c83dfb83-2656-4b21-a73e-b8efaf07d4e2","block_type":"box","text":"position.","page_number":121,"box":{"x":513,"y":425,"width":60,"height":11}},{"id":"425497d1-6bcf-46cc-8ae5-e5baa0b9a475","block_type":"box","text":"We also reduced the position in Microsoft. There were","page_number":121,"box":{"x":512,"y":450,"width":450,"height":11}},{"id":"451d75c0-8638-4768-abfd-3f2254f949e0","block_type":"box","text":"concerns about the software firm’s higher spending on AI","page_number":121,"box":{"x":512,"y":464,"width":450,"height":11}},{"id":"3fa3e781-88ec-44ec-841e-2e76614729ae","block_type":"box","text":"and its high exposure to OpenAI.","page_number":121,"box":{"x":512,"y":478,"width":243,"height":12}},{"id":"4250c2f5-525c-4b96-9103-df9000447d19","block_type":"box","text":"Outlook","page_number":121,"box":{"x":512,"y":503,"width":63,"height":9}},{"id":"2d134cf5-1fc8-4108-98b5-eed7d7afb700","block_type":"box","text":"Global equity markets had been supported by easing oil","page_number":121,"box":{"x":512,"y":517,"width":450,"height":12}},{"id":"380f8287-6bd6-4247-8c20-fe0a5e347d77","block_type":"box","text":"supply concerns and major stock market listings by large","page_number":121,"box":{"x":512,"y":532,"width":450,"height":11}},{"id":"2a471401-ec00-41b6-b968-38976af35a6e","block_type":"box","text":"technology companies, and investor confidence was","page_number":121,"box":{"x":512,"y":546,"width":450,"height":11}},{"id":"fe658494-97fe-4214-b1c5-bd63899d8f26","block_type":"box","text":"returning. However, as we enter the second half of the","page_number":121,"box":{"x":513,"y":560,"width":449,"height":12}},{"id":"0c98147e-a17f-4420-af9f-e80bf040a190","block_type":"box","text":"period, a renewed flare up in conflict between the US and","page_number":121,"box":{"x":513,"y":575,"width":449,"height":11}},{"id":"725a4dcb-151f-4aae-8de8-23104fa81bd3","block_type":"box","text":"Iran brings fresh uncertainty and we will be keeping a close","page_number":121,"box":{"x":513,"y":589,"width":449,"height":11}},{"id":"72baa17d-0732-485b-8d70-e92694f740b9","block_type":"box","text":"eye on the wider consequences.","page_number":121,"box":{"x":512,"y":603,"width":239,"height":11}},{"id":"bba4e054-73d3-493d-8a7f-a8ba3513aeff","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":121,"box":{"x":512,"y":628,"width":450,"height":11}},{"id":"8b69bacc-6c0f-4bcd-9a7d-7f3f6e8db4df","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":121,"box":{"x":513,"y":642,"width":449,"height":12}},{"id":"827243ec-0af6-430f-8704-f5f84ed1e933","block_type":"box","text":"offering), with Anthropic expected to follow later this year, and","page_number":121,"box":{"x":512,"y":657,"width":450,"height":11}},{"id":"aef0ecb0-88d2-4661-8333-c83c07049cdf","block_type":"box","text":"OpenAI potentially waiting until 2027. However, questions","page_number":121,"box":{"x":512,"y":671,"width":450,"height":11}},{"id":"77fca4ec-487a-4b20-be11-3c550dd135ac","block_type":"box","text":"remain about the future valuations of these companies and","page_number":121,"box":{"x":513,"y":685,"width":449,"height":11}},{"id":"311c39a2-0ce7-4ceb-8b2d-85d6212e10a9","block_type":"box","text":"whether markets can absorb the new supply of shares. More","page_number":121,"box":{"x":512,"y":699,"width":444,"height":12}},{"id":"071920ed-7149-4493-a683-b718dd8a2212","block_type":"box","text":"broadly, equity markets are being supported by potential","page_number":121,"box":{"x":513,"y":714,"width":443,"height":11}},{"id":"560ac898-eefc-4a66-b3aa-3f130171619f","block_type":"box","text":"long-term AI-linked productivity gains and AI-driven demand","page_number":121,"box":{"x":513,"y":728,"width":443,"height":11}},{"id":"d50bb5e5-a125-4730-afad-f1e7a95a633b","block_type":"box","text":"for new data centres.","page_number":121,"box":{"x":512,"y":742,"width":155,"height":9}},{"id":"0b386606-a223-4e54-b223-9ac1d4ca1136","block_type":"box","text":"Investment Review (continued)","page_number":121,"box":{"x":43,"y":79,"width":295,"height":14}},{"id":"e037024a-2e5e-4c8d-8b17-4427935f5346","block_type":"box","text":"121","page_number":122,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"c0e55d46-6698-4cdd-ae2a-1bb071b23d76","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":122,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"cf0f93f4-2d8f-42af-af96-e29f4d7523bb","block_type":"box","text":"We continue to hold a neutral position in UK government","page_number":122,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"0e1f9069-5e44-45bc-9dc0-4f1f6654d231","block_type":"box","text":"bonds, with higher yields meaning that they are starting to","page_number":122,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"98b46a3b-ec13-4e6b-af5e-16aebfc2f363","block_type":"box","text":"price in the fiscal deficit. We remain underweight corporate","page_number":122,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"1a7a230c-0911-46c8-9ebb-a6d8c3b8a6b0","block_type":"box","text":"bonds as we believe that the asset class does not currently","page_number":122,"box":{"x":43,"y":152,"width":449,"height":11}},{"id":"c21fe2b3-77ad-4698-bb18-750a2266d232","block_type":"box","text":"offer strong returns or adequate diversification compared","page_number":122,"box":{"x":42,"y":166,"width":450,"height":12}},{"id":"ac2b502e-3e16-46f7-9679-dec9c73ada10","block_type":"box","text":"to its history. Our stance on alternative assets is neutral.","page_number":122,"box":{"x":42,"y":181,"width":450,"height":11}},{"id":"4da68f21-c449-49aa-a813-0db32500f8f8","block_type":"box","text":"This includes gold, where we have locked in profits on our","page_number":122,"box":{"x":42,"y":195,"width":450,"height":11}},{"id":"8f0a5f2b-7650-4fe5-a44b-fc824bc2d453","block_type":"box","text":"long-held overweight position.","page_number":122,"box":{"x":43,"y":209,"width":220,"height":11}},{"id":"1cfcb8d7-c2c0-4615-b318-844403170661","block_type":"box","text":"Phil Collins","page_number":122,"box":{"x":43,"y":284,"width":87,"height":9}},{"id":"194ea364-c9c0-4082-923d-20126e99f3cf","block_type":"box","text":"Chief Investment Officer – Multi-Asset","page_number":122,"box":{"x":43,"y":298,"width":280,"height":9}},{"id":"9811ca92-acae-4b19-b888-716791c169f9","block_type":"box","text":"Sarasin & Partners LLP","page_number":122,"box":{"x":43,"y":313,"width":174,"height":8}},{"id":"24ca1d91-a573-437c-a1d0-ff98c8c8cbae","block_type":"box","text":"28 July 2026","page_number":122,"box":{"x":42,"y":327,"width":94,"height":11}},{"id":"03ccb2bb-6346-4d72-8f6f-a6905570e28d","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":122,"box":{"x":42,"y":361,"width":445,"height":9}},{"id":"6a7effaa-edde-4416-8d92-4ae6d0eaddce","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":122,"box":{"x":41,"y":373,"width":446,"height":9}},{"id":"c95c59b2-d448-4069-8c64-9ab0154b8034","block_type":"box","text":"without notice.","page_number":122,"box":{"x":42,"y":384,"width":85,"height":7}},{"id":"ebb4dc3f-3d3d-4196-8023-04f74c082a30","block_type":"box","text":"Top 10 purchases during the period","page_number":122,"box":{"x":42,"y":408,"width":283,"height":11}},{"id":"c4b7af73-b5e3-4f8c-b023-c9d1aa6f7bdf","block_type":"box","text":"United Kingdom Gilt 4.25% 07/06/2032","page_number":122,"box":{"x":43,"y":423,"width":288,"height":11}},{"id":"46b2da59-df77-4271-8968-4e4a00d5c065","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":122,"box":{"x":43,"y":436,"width":288,"height":12}},{"id":"039d986c-e961-4893-b28b-68d7e4262b6c","block_type":"box","text":"United Kingdom Gilt 4.125% 29/01/2027","page_number":122,"box":{"x":43,"y":450,"width":298,"height":11}},{"id":"61da35f9-3fcd-478d-889d-94a67328a010","block_type":"box","text":"iShares MSCI EM UCITS ETF USD Distribution","page_number":122,"box":{"x":43,"y":463,"width":357,"height":9}},{"id":"3e03dbda-3bdc-4054-93d0-45f3c84abd4f","block_type":"box","text":"iShares MSCI Global Semiconductors UCITS ETF","page_number":122,"box":{"x":43,"y":477,"width":377,"height":9}},{"id":"64e75bad-2277-45ce-9fab-014cbb151f57","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2035","page_number":122,"box":{"x":43,"y":490,"width":288,"height":11}},{"id":"0fd8c455-d4aa-4c0e-9b24-6c2b55550f6d","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF","page_number":122,"box":{"x":43,"y":504,"width":456,"height":11}},{"id":"22e14ba5-737f-4954-88da-80948b37e429","block_type":"box","text":"BHP Group","page_number":122,"box":{"x":43,"y":517,"width":84,"height":11}},{"id":"b408cef3-6276-4655-9fff-1a2cb700e70a","block_type":"box","text":"United Kingdom Gilt","page_number":122,"box":{"x":43,"y":530,"width":153,"height":12}},{"id":"d78892bf-8bba-45c6-bb8c-49b370cb85e8","block_type":"box","text":"6.00","page_number":122,"box":{"x":196,"y":531,"width":32,"height":8}},{"id":"1759aa7d-5322-4da4-abdb-a0ad8f858cf6","block_type":"box","text":"% 07/12/2028","page_number":122,"box":{"x":230,"y":530,"width":101,"height":9}},{"id":"b6b351f9-22aa-4cf8-8906-329d119754ca","block_type":"box","text":"Invesco Physical Gold","page_number":122,"box":{"x":43,"y":544,"width":169,"height":11}},{"id":"d6cb8328-bd14-45f3-80b3-60f7beff3d53","block_type":"box","text":"Top 10 sales during the period","page_number":122,"box":{"x":42,"y":563,"width":241,"height":11}},{"id":"93d51377-4048-4525-b579-6a0d10190af6","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":122,"box":{"x":43,"y":576,"width":288,"height":11}},{"id":"54104465-5af8-44a2-8b47-65158703a9ac","block_type":"box","text":"United Kingdom Gilt 4.25% 07/03/2036","page_number":122,"box":{"x":43,"y":590,"width":288,"height":11}},{"id":"993fd2fe-482f-4b08-8745-a8ded600439b","block_type":"box","text":"Invesco Physical Gold","page_number":122,"box":{"x":43,"y":603,"width":169,"height":11}},{"id":"d5d2669c-4186-4d11-8f27-b977702fa3d8","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2043","page_number":122,"box":{"x":43,"y":616,"width":288,"height":12}},{"id":"52acb7fd-73c6-473b-aa45-6fdbe8602d0a","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":122,"box":{"x":43,"y":630,"width":288,"height":11}},{"id":"8086c1b0-ce61-4d5c-827d-d4e574893301","block_type":"box","text":"United Kingdom Gilt 4.375% 31/07/2054","page_number":122,"box":{"x":43,"y":643,"width":298,"height":11}},{"id":"4dc6078a-daa4-49bf-9589-028832de5d23","block_type":"box","text":"iShares MSCI EM UCITS ETF USD Distribution","page_number":122,"box":{"x":43,"y":657,"width":357,"height":8}},{"id":"fd4732a2-e85d-4e47-9c41-b08204b9f8e9","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":122,"box":{"x":43,"y":670,"width":288,"height":11}},{"id":"6f94e958-e569-4921-99ae-0ff53d87c914","block_type":"box","text":"Rio Tinto","page_number":122,"box":{"x":43,"y":684,"width":70,"height":8}},{"id":"0ae350f0-1cef-4411-9f62-8732df099ed6","block_type":"box","text":"NVIDIA","page_number":122,"box":{"x":43,"y":697,"width":55,"height":9}},{"id":"bc401e42-c96b-4ce2-ac2f-2cd8d2dbf5fd","block_type":"box","text":"Investment Review (continued)","page_number":122,"box":{"x":43,"y":79,"width":295,"height":14}},{"id":"1b85bba6-de10-4137-9a0e-7d401e5eb99d","block_type":"box","text":"Outlook (continued)","page_number":122,"box":{"x":43,"y":95,"width":157,"height":11}},{"id":"a1a22d92-0457-4550-9348-45cbfaa175f6","block_type":"box","text":"122","page_number":123,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"92a718e4-7ea0-43d6-bfa4-1f7b633cce20","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":123,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"acf392be-50b1-4120-a022-767ca57e14c4","block_type":"box","text":"Sub-fund Information","page_number":123,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"993592f4-d7f9-4e52-812f-11f8177b2fa8","block_type":"box","text":"Risk and Reward Profile","page_number":123,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"22239c1b-ba1c-49df-9464-3b83c9020b64","block_type":"box","text":"0","page_number":123,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"299272ec-a1aa-4a6a-9f4e-517c7e4f2b57","block_type":"box","text":"Lower2","page_number":123,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"616ef42d-5587-4ef8-81e5-099b84fc6a16","block_type":"box","text":"er2","page_number":123,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"6a4d17b2-55b8-46ca-856a-2ebf7afdb9b7","block_type":"box","text":"risk","page_number":123,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"e36632bf-4dfb-4efd-aa8c-a62fe257c659","block_type":"box","text":"Higher","page_number":123,"box":{"x":884,"y":145,"width":42,"height":8}},{"id":"f49964c9-0240-4481-ab22-251610bef280","block_type":"box","text":"risk","page_number":123,"box":{"x":930,"y":145,"width":23,"height":6}},{"id":"df8362c2-9597-4e28-aa16-478f9f002ba5","block_type":"box","text":"Typically","page_number":123,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"008fa42c-bb88-4ac3-9ddd-bada55ee0d39","block_type":"box","text":"lower rewards","page_number":123,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"8eac150f-577a-4222-b67f-13498f47a25a","block_type":"box","text":"Typically","page_number":123,"box":{"x":809,"y":156,"width":52,"height":9}},{"id":"5288ab61-d55a-4edc-8365-ef55fc33b6fa","block_type":"box","text":"higher rewards","page_number":123,"box":{"x":866,"y":156,"width":87,"height":9}},{"id":"4446636c-9daa-4d12-9f3c-692c65c17b41","block_type":"box","text":"1","page_number":123,"box":{"x":107,"y":179,"width":4,"height":7}},{"id":"904eed3b-1952-48d3-b3c3-d7678683f3b3","block_type":"box","text":"2","page_number":123,"box":{"x":236,"y":179,"width":6,"height":7}},{"id":"fea0bfef-f99c-4c08-bf2b-9eec1ef7b570","block_type":"box","text":"3","page_number":123,"box":{"x":366,"y":179,"width":6,"height":7}},{"id":"6070ae90-4cf7-4525-b8ae-9fc414cfa158","block_type":"box","text":"4","page_number":123,"box":{"x":495,"y":179,"width":7,"height":7}},{"id":"375abb58-6e31-44e7-96a5-ffdf3a82c662","block_type":"box","text":"5","page_number":123,"box":{"x":624,"y":179,"width":7,"height":7}},{"id":"685f2ab7-a86c-48de-b584-6be83ad13d39","block_type":"box","text":"6","page_number":123,"box":{"x":754,"y":179,"width":6,"height":7}},{"id":"c4a1a41d-d6f1-460e-84c1-78e63bbc0e4f","block_type":"box","text":"7","page_number":123,"box":{"x":883,"y":179,"width":7,"height":7}},{"id":"23918b95-1cf8-46a6-b977-b68577712e25","block_type":"box","text":"•","page_number":123,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"36ee3290-7849-4289-92dc-8b34e08fca1e","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":123,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"519d0b22-be54-4023-aa16-2ac74c52108b","block_type":"box","text":"•","page_number":123,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"dd3a4655-cbba-4d40-b521-fc4442b09bbc","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":123,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"35aed6c8-ce7e-46ec-946a-00794984a7a5","block_type":"box","text":"•","page_number":123,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"ce381ec8-7989-4e7a-86ad-6d88e7acd345","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":123,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"4e616dc6-8cfd-407a-a278-d6b7e2f2ce2b","block_type":"box","text":"The Risk and Reward Indicator","page_number":123,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"4d6155c0-1b95-4026-8fba-85d181cc29c3","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":123,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"29075e35-69de-4452-b6b5-3a54588ca81c","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":123,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"b2b6195c-a753-4ee3-86f1-d4d30331261b","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":123,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"f4033408-bfec-42b2-a23d-f0f7cd9d92ed","block_type":"box","text":"but the greater the risk of losing money.","page_number":123,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"51dd5be4-6918-452c-a5a8-5e686259ba8d","block_type":"box","text":"The sub-fund is ranked at 4 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":123,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"2e0104f2-89f3-41d8-b99d-d19bad206f25","block_type":"box","text":"moderate levels of volatility historically.","page_number":123,"box":{"x":43,"y":359,"width":292,"height":11}},{"id":"c83eac69-d660-461f-af1d-a31ac8058076","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":123,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"3d47d5b7-83d0-4445-bc5a-d11f2467eb21","block_type":"box","text":"Bond Risk:","page_number":123,"box":{"x":42,"y":398,"width":88,"height":9}},{"id":"87d73f7b-ada3-414c-9022-c00389f52cd1","block_type":"box","text":"In stressed conditions bonds may become harder to sell in a timely manner, resulting in unpredictable changes","page_number":123,"box":{"x":131,"y":398,"width":831,"height":11}},{"id":"5106dea2-c425-41cb-8da0-822f9405c0dd","block_type":"box","text":"in the value of your holdings.","page_number":123,"box":{"x":43,"y":412,"width":211,"height":12}},{"id":"ba3895d3-f0b2-4f71-ae6e-6c8d42039fda","block_type":"box","text":"Emerging Market Equities:","page_number":123,"box":{"x":43,"y":437,"width":211,"height":11}},{"id":"64f0af4a-e6c3-4320-a8cf-c08938280ae8","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":123,"box":{"x":255,"y":437,"width":707,"height":11}},{"id":"4102f658-4cb5-4379-b566-6653491e5fdf","block_type":"box","text":"markets and shares may be less liquid, meaning that investments may not be sold quickly enough to prevent or minimise a","page_number":123,"box":{"x":43,"y":452,"width":919,"height":11}},{"id":"c842596e-23f2-4478-a188-0415d79bd4d8","block_type":"box","text":"loss; they may therefore involve a higher risk than investing in developed markets.","page_number":123,"box":{"x":43,"y":466,"width":607,"height":11}},{"id":"81624e1d-ab6f-4dda-a1b4-b670b032297a","block_type":"box","text":"Alternatives Risk:","page_number":123,"box":{"x":42,"y":491,"width":142,"height":9}},{"id":"af693a89-5261-4bb7-bef9-5eba708be3f8","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":123,"box":{"x":185,"y":491,"width":777,"height":11}},{"id":"91441b9c-afdc-4b8b-8ef2-d7793d5581fc","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":123,"box":{"x":42,"y":505,"width":920,"height":11}},{"id":"ba67cf44-2ee9-4c65-bd61-7fbde5da2c80","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":123,"box":{"x":42,"y":519,"width":853,"height":11}},{"id":"fc0bff96-3d2c-4678-bff0-79f221761726","block_type":"box","text":"Derivatives Risk:","page_number":123,"box":{"x":43,"y":544,"width":135,"height":9}},{"id":"3a7f3762-5705-4460-9c50-78d30f6e2c08","block_type":"box","text":"Derivatives are financial instruments whose value is linked to the expected future price movements of","page_number":123,"box":{"x":179,"y":544,"width":783,"height":11}},{"id":"c5bf85db-8728-4420-bb41-54045768c531","block_type":"box","text":"an underlying asset. Derivatives such as futures, forward contracts, options, and swaps may be used to seek to manage","page_number":123,"box":{"x":42,"y":558,"width":920,"height":12}},{"id":"03d99e33-4e9a-4d1c-95f3-dd5986da8a6c","block_type":"box","text":"risk within the sub-fund, reduce investment costs and generate additional income. However, these strategies may not be","page_number":123,"box":{"x":43,"y":573,"width":919,"height":11}},{"id":"6af86337-b1aa-42a7-a4ff-0f5275d38f5b","block_type":"box","text":"successful and could lead to losses greater than the cost of the derivative.","page_number":123,"box":{"x":42,"y":587,"width":548,"height":11}},{"id":"5e839b38-1a91-4710-a031-c37453df4cda","block_type":"box","text":"Exchange Traded Funds (ETFs) Risk:","page_number":123,"box":{"x":43,"y":612,"width":292,"height":11}},{"id":"d29c1ad3-a09f-482f-88df-707b9969f900","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":123,"box":{"x":336,"y":612,"width":626,"height":11}},{"id":"14dc924c-c583-4e90-9e30-aef4c89d91e7","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":123,"box":{"x":42,"y":626,"width":473,"height":11}},{"id":"cf4f6242-023d-4199-a9de-8dfffbff0be2","block_type":"box","text":"Operational Risk:","page_number":123,"box":{"x":43,"y":651,"width":138,"height":11}},{"id":"d9d77b14-8fe1-4b0f-a8f1-1ad6623358e6","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":123,"box":{"x":181,"y":651,"width":781,"height":11}},{"id":"9b82917d-c865-495c-9e71-4e30df3e9c60","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":123,"box":{"x":43,"y":665,"width":894,"height":12}},{"id":"87e23573-c170-42ad-9d67-bcccfd1d2082","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":123,"box":{"x":43,"y":690,"width":275,"height":12}},{"id":"b64e3b39-bf4f-4d09-9d69-701055d34ee3","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":123,"box":{"x":323,"y":690,"width":633,"height":12}},{"id":"db991f16-7dac-4278-a226-dcaf1d066792","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":123,"box":{"x":43,"y":705,"width":423,"height":11}},{"id":"97612a00-45df-49d3-8cf8-3c3521e3a215","block_type":"box","text":"Charges deducted from capital:","page_number":123,"box":{"x":43,"y":730,"width":248,"height":11}},{"id":"407c6373-7565-4d50-9fa9-7a60696cf164","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":123,"box":{"x":295,"y":729,"width":661,"height":12}},{"id":"c9645eb9-95f8-4d6c-b109-0aa519ce8df7","block_type":"box","text":"123","page_number":124,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"8ff8ca64-b53e-4165-b150-77b42cfa3346","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":124,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"4bd281e3-68da-43cd-ab36-cc4aec980e53","block_type":"box","text":"Portfolio Statement","page_number":124,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"aa0e557f-cb47-488b-bfbb-eacd42bd49dd","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":124,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"818f4346-59cd-4dfd-873a-ae86181805d9","block_type":"box","text":"Holding/Nominal Value","page_number":124,"box":{"x":51,"y":147,"width":144,"height":9}},{"id":"192d8fc9-140b-4bcf-930d-1c8dd0c7203f","block_type":"box","text":"Investment","page_number":124,"box":{"x":230,"y":147,"width":69,"height":7}},{"id":"9f4cfcd4-09cc-4ee6-bed0-84f330fb0abe","block_type":"box","text":"Market","page_number":124,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"53e0c4cb-48d0-417a-953f-425acf74b8ab","block_type":"box","text":"Value","page_number":124,"box":{"x":765,"y":136,"width":34,"height":7}},{"id":"5cbea30a-2957-4668-8e84-1c0c2193537a","block_type":"box","text":"£","page_number":124,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"8e95cbf6-1256-4fb3-8fe0-c75aadfeb02f","block_type":"box","text":"% of","page_number":124,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"d9cdfad9-14a9-4098-8a98-4735f8e504dd","block_type":"box","text":"Net Assets","page_number":124,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"b5b4384c-415e-4071-abda-38bf86b4158b","block_type":"box","text":"Digitalisation","page_number":124,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"e5027531-f2b3-4ef6-a022-cbfdd9c73b58","block_type":"box","text":"12.88% (31 December 2025 - 15.64%)","page_number":124,"box":{"x":147,"y":179,"width":295,"height":11}},{"id":"8de2db5e-32dd-4713-9de3-76e4b956c40d","block_type":"box","text":"8,640","page_number":124,"box":{"x":154,"y":198,"width":41,"height":10}},{"id":"7fa5e52f-f3bb-4ba2-a216-6998029cccaa","block_type":"box","text":"Alphabet 'A'","page_number":124,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"e4324d69-bbda-4021-93f3-46559c53c703","block_type":"box","text":"2,325,410","page_number":124,"box":{"x":726,"y":198,"width":73,"height":10}},{"id":"6f2ee03d-c3d2-41f4-9b81-385078ef5a81","block_type":"box","text":"2.09","page_number":124,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"796c7d23-eb88-41d2-beb5-cd7cc0b5b2b0","block_type":"box","text":"9,247","page_number":124,"box":{"x":154,"y":213,"width":41,"height":10}},{"id":"501fb6c8-e98b-45cb-b1db-27680d611d00","block_type":"box","text":"Amazon.com","page_number":124,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"da139d57-ebae-4e6a-898c-84411fc983c2","block_type":"box","text":"1,677,094","page_number":124,"box":{"x":727,"y":213,"width":72,"height":10}},{"id":"25b99cde-ac5d-492c-bcce-12d5558b5269","block_type":"box","text":"1.51","page_number":124,"box":{"x":926,"y":213,"width":28,"height":9}},{"id":"ff473c38-91e1-4070-9cc2-651cdc2b6bdf","block_type":"box","text":"6,656","page_number":124,"box":{"x":154,"y":229,"width":41,"height":10}},{"id":"0e96ae5b-4359-4770-bf23-592ab82caa1a","block_type":"box","text":"Apple","page_number":124,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"96d4d755-f337-4290-ab1f-b2c69086269c","block_type":"box","text":"1,535,502","page_number":124,"box":{"x":727,"y":229,"width":72,"height":10}},{"id":"2099d535-1e3b-464c-acba-40abd37cfdc5","block_type":"box","text":"1.38","page_number":124,"box":{"x":926,"y":229,"width":30,"height":8}},{"id":"62665dba-a3fa-4b13-a732-821a808cb0a8","block_type":"box","text":"1,600","page_number":124,"box":{"x":155,"y":244,"width":40,"height":10}},{"id":"cb9986b2-ee0c-4d18-ae22-4e9be3b6c735","block_type":"box","text":"Disco","page_number":124,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"5817f10f-6027-40fa-8ac5-d7511135d11f","block_type":"box","text":"568,817","page_number":124,"box":{"x":740,"y":244,"width":59,"height":10}},{"id":"5c763fd9-07d1-4969-b49b-261592adacc4","block_type":"box","text":"0.51","page_number":124,"box":{"x":925,"y":244,"width":29,"height":9}},{"id":"ee4b2ca2-da4f-4a68-a220-29d466000b72","block_type":"box","text":"5,500","page_number":124,"box":{"x":154,"y":259,"width":41,"height":11}},{"id":"77d0ecd6-2a71-4e38-93d8-fdfde4088270","block_type":"box","text":"Hoya","page_number":124,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"752c2036-b6ad-4acc-baa2-d4f33b124895","block_type":"box","text":"661,726","page_number":124,"box":{"x":740,"y":259,"width":59,"height":11}},{"id":"6ed10865-5bd8-41cb-9f66-f94a86f50938","block_type":"box","text":"0.59","page_number":124,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"38f46f68-1735-4873-a624-4f69118a597a","block_type":"box","text":"4,880","page_number":124,"box":{"x":154,"y":275,"width":41,"height":10}},{"id":"f5b44c8e-7a8f-4327-8a27-20fff54da515","block_type":"box","text":"London Stock Exchange Group","page_number":124,"box":{"x":230,"y":274,"width":231,"height":12}},{"id":"5b2f6bcc-ff44-42d9-b553-cb2e418df467","block_type":"box","text":"422,901","page_number":124,"box":{"x":739,"y":275,"width":58,"height":10}},{"id":"72bb93d1-962a-4bf5-99e0-cae4755649df","block_type":"box","text":"0.38","page_number":124,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"780f65b5-cc4f-4dec-9343-1abcdd2ed445","block_type":"box","text":"3,472","page_number":124,"box":{"x":154,"y":290,"width":41,"height":10}},{"id":"c7412b2c-2ff0-4418-8b50-3d91c1fdd6fe","block_type":"box","text":"Mastercard","page_number":124,"box":{"x":230,"y":290,"width":82,"height":9}},{"id":"3e47a9a9-a0d3-4cf2-b5c3-dfea26226cc6","block_type":"box","text":"'A'","page_number":124,"box":{"x":313,"y":290,"width":21,"height":9}},{"id":"b7555a85-0e11-4dc6-a655-6cb29b405f25","block_type":"box","text":"1,401,744","page_number":124,"box":{"x":727,"y":290,"width":72,"height":10}},{"id":"91170c0f-9634-49d6-9038-9a345f48c8cd","block_type":"box","text":"1.26","page_number":124,"box":{"x":926,"y":290,"width":30,"height":9}},{"id":"6bd3ac4b-f0d4-48bf-836e-9c7b1f98c6a0","block_type":"box","text":"1,673","page_number":124,"box":{"x":155,"y":305,"width":40,"height":11}},{"id":"c393dacc-dcb5-4aad-ae3f-90c1b1fd1483","block_type":"box","text":"Meta Platforms 'A'","page_number":124,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"58c2fb6d-24ac-4cc5-9737-05d0bdb740c5","block_type":"box","text":"729,757","page_number":124,"box":{"x":740,"y":305,"width":59,"height":11}},{"id":"1d0359af-489b-4c04-b425-e1e5fd4efdd8","block_type":"box","text":"0.65","page_number":124,"box":{"x":925,"y":305,"width":32,"height":9}},{"id":"d54dd81d-d02b-4c6c-85b1-b03e4b7c1bef","block_type":"box","text":"6,431","page_number":124,"box":{"x":154,"y":321,"width":38,"height":10}},{"id":"ee309754-aed5-4ff3-8516-002bab3a1440","block_type":"box","text":"Microsoft","page_number":124,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"a8dd4c16-9ad3-4eb7-9a4a-8c20d6076622","block_type":"box","text":"1,875,834","page_number":124,"box":{"x":727,"y":321,"width":72,"height":10}},{"id":"ea12a0e2-bf44-42af-97dc-fd95e74747fa","block_type":"box","text":"1.68","page_number":124,"box":{"x":926,"y":321,"width":30,"height":8}},{"id":"f6c9a6a7-bc7e-477b-a9f1-88841d02ad02","block_type":"box","text":"1,107","page_number":124,"box":{"x":155,"y":336,"width":40,"height":10}},{"id":"be94db55-8f41-4652-997d-ab47f52f4bf4","block_type":"box","text":"Moody's","page_number":124,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"d4982c76-3b3e-4441-bb0d-6c59b9d8518c","block_type":"box","text":"406,186","page_number":124,"box":{"x":739,"y":336,"width":60,"height":10}},{"id":"d00f7497-bba7-4795-8d1e-908559527377","block_type":"box","text":"0.36","page_number":124,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"c0b73958-b6ba-4383-b7b9-5bec0a616e48","block_type":"box","text":"15,294","page_number":124,"box":{"x":146,"y":351,"width":49,"height":11}},{"id":"f4eb4a84-ef15-4013-8949-340a4217c593","block_type":"box","text":"Netflix","page_number":124,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"23b21456-a0e2-416c-9b48-456fa715fa10","block_type":"box","text":"888,386","page_number":124,"box":{"x":740,"y":351,"width":59,"height":11}},{"id":"36d18942-071c-4e6b-bd28-66f59a9db0d7","block_type":"box","text":"0.80","page_number":124,"box":{"x":925,"y":352,"width":31,"height":8}},{"id":"8c679895-57c5-4dc3-8fbb-5e068a6f091e","block_type":"box","text":"83,500","page_number":124,"box":{"x":145,"y":367,"width":50,"height":10}},{"id":"b6692dbe-fb0b-4331-8a60-08a255ce381b","block_type":"box","text":"Sunny Optical Technology","page_number":124,"box":{"x":229,"y":367,"width":193,"height":11}},{"id":"3cf758a2-a330-44c7-9020-0b99127c2047","block_type":"box","text":"478,204","page_number":124,"box":{"x":739,"y":367,"width":60,"height":10}},{"id":"d858bf77-8bd5-4984-abaf-30717b36bc69","block_type":"box","text":"0.43","page_number":124,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"1f46111c-7265-463b-b6f2-db124ea46224","block_type":"box","text":"12,900","page_number":124,"box":{"x":146,"y":382,"width":49,"height":10}},{"id":"0a438de2-5956-4b3f-b315-e49237f7ddca","block_type":"box","text":"Tencent","page_number":124,"box":{"x":229,"y":382,"width":58,"height":9}},{"id":"1647bef5-ce44-437e-ba2e-8d2564334f73","block_type":"box","text":"Holdings","page_number":124,"box":{"x":288,"y":382,"width":69,"height":11}},{"id":"9ef0a1c6-3425-42a4-83b4-982467436f9a","block_type":"box","text":"530,939","page_number":124,"box":{"x":740,"y":382,"width":59,"height":10}},{"id":"8a959c2e-93f0-4a49-8bb0-5bb2c3a71f0e","block_type":"box","text":"0.48","page_number":124,"box":{"x":925,"y":382,"width":31,"height":9}},{"id":"4fc91c5e-a4c9-4280-8ec0-ea34491c5eab","block_type":"box","text":"15,117","page_number":124,"box":{"x":147,"y":397,"width":48,"height":11}},{"id":"06de1edc-8833-4f06-aa65-d2844294f8e7","block_type":"box","text":"Uber Technologies","page_number":124,"box":{"x":230,"y":398,"width":137,"height":11}},{"id":"86efb648-cdd1-46fa-b663-14d744590219","block_type":"box","text":"842,229","page_number":124,"box":{"x":740,"y":397,"width":59,"height":11}},{"id":"63cdb6d9-8a60-401d-b0cc-51c9fadd9c07","block_type":"box","text":"0.76","page_number":124,"box":{"x":925,"y":397,"width":31,"height":9}},{"id":"5ca1395b-2b5d-4a65-ad02-3f31e6af454b","block_type":"box","text":"14,344,729","page_number":124,"box":{"x":717,"y":415,"width":82,"height":11}},{"id":"44f87cce-22b5-4b34-a8c0-6514b4c6f9e1","block_type":"box","text":"12.88","page_number":124,"box":{"x":916,"y":415,"width":40,"height":9}},{"id":"d0a4999e-348f-45c4-9036-0436f6a19e8d","block_type":"box","text":"Automation","page_number":124,"box":{"x":42,"y":447,"width":92,"height":8}},{"id":"a64d2a37-f555-4f32-93fb-c198b863823c","block_type":"box","text":"9.17% (31 December 2025 - 8.87%)","page_number":124,"box":{"x":135,"y":446,"width":276,"height":12}},{"id":"14104b9b-ff60-4631-a7e6-cf4b12517dce","block_type":"box","text":"1,114","page_number":124,"box":{"x":157,"y":465,"width":38,"height":10}},{"id":"7d19001c-54a9-4b7d-a052-dba815099a9e","block_type":"box","text":"ASML Holding","page_number":124,"box":{"x":229,"y":465,"width":105,"height":11}},{"id":"e825279d-4c35-4ea0-a78d-9a781fbb1ffd","block_type":"box","text":"1,559,503","page_number":124,"box":{"x":727,"y":465,"width":72,"height":10}},{"id":"862f8fd2-7eb9-4ea2-a788-d45972d47e2f","block_type":"box","text":"1.40","page_number":124,"box":{"x":926,"y":465,"width":30,"height":9}},{"id":"0d761076-b9e6-40b5-abda-10bb2c250d91","block_type":"box","text":"5,141","page_number":124,"box":{"x":154,"y":480,"width":38,"height":11}},{"id":"b690aeb2-83ba-47ab-8543-aeff8f8efccb","block_type":"box","text":"Broadcom","page_number":124,"box":{"x":230,"y":481,"width":74,"height":8}},{"id":"c4b15e62-aab0-4eb0-800a-2eb92bb91786","block_type":"box","text":"1,386,213","page_number":124,"box":{"x":727,"y":480,"width":72,"height":11}},{"id":"65823af3-702e-4e93-9e2c-ceeedb0a8a67","block_type":"box","text":"1.24","page_number":124,"box":{"x":926,"y":480,"width":30,"height":9}},{"id":"4bf88b74-3ea5-47c1-aa22-c7ca59321198","block_type":"box","text":"9,617","page_number":124,"box":{"x":154,"y":496,"width":41,"height":10}},{"id":"ed8fea20-6034-454e-b555-a248b1aed3b1","block_type":"box","text":"Emerson Electric","page_number":124,"box":{"x":230,"y":496,"width":125,"height":9}},{"id":"7c630a9e-2343-425a-940e-7c3361ee8632","block_type":"box","text":"1,000,614","page_number":124,"box":{"x":727,"y":496,"width":72,"height":10}},{"id":"1e60734b-14e5-49cc-8a47-b766a5fc718f","block_type":"box","text":"0.90","page_number":124,"box":{"x":925,"y":496,"width":31,"height":9}},{"id":"1e15542b-0ebc-4ea5-a6a9-dffbbb8feabf","block_type":"box","text":"10,309","page_number":124,"box":{"x":146,"y":511,"width":49,"height":11}},{"id":"2a2aa85f-deb9-4bc5-8eb3-77203a986029","block_type":"box","text":"Infineon Technologies","page_number":124,"box":{"x":230,"y":511,"width":160,"height":11}},{"id":"611171e1-7429-4c8c-80e0-ea3af599766e","block_type":"box","text":"684,141","page_number":124,"box":{"x":740,"y":511,"width":57,"height":11}},{"id":"5da1fc4d-3bdc-4541-bc12-788e684bef71","block_type":"box","text":"0.61","page_number":124,"box":{"x":925,"y":511,"width":29,"height":9}},{"id":"3f6f8f25-b2f9-42c0-a2c1-bee0c990bd09","block_type":"box","text":"1,300","page_number":124,"box":{"x":155,"y":527,"width":40,"height":10}},{"id":"1402573c-f67e-4dc0-ae02-9ef72a9904d4","block_type":"box","text":"Keyence","page_number":124,"box":{"x":230,"y":527,"width":63,"height":11}},{"id":"3a6b8887-7070-42e2-acf9-16c4f53e5bab","block_type":"box","text":"482,138","page_number":124,"box":{"x":739,"y":527,"width":60,"height":10}},{"id":"922f307b-64af-41ae-baa2-9722a65503e1","block_type":"box","text":"0.43","page_number":124,"box":{"x":925,"y":527,"width":31,"height":8}},{"id":"67633ce4-6fde-47db-9818-dca7b9290e3b","block_type":"box","text":"19,926","page_number":124,"box":{"x":146,"y":542,"width":49,"height":10}},{"id":"f5825c2a-7216-4610-9319-f2e3a30956c0","block_type":"box","text":"NVIDIA","page_number":124,"box":{"x":230,"y":542,"width":55,"height":9}},{"id":"d8553606-0fa2-438a-a835-d1fd25fae4bc","block_type":"box","text":"2,901,297","page_number":124,"box":{"x":726,"y":542,"width":73,"height":10}},{"id":"8991aa71-8ce3-4984-9428-51e2f1f7bd11","block_type":"box","text":"2.61","page_number":124,"box":{"x":925,"y":542,"width":29,"height":9}},{"id":"1d5d95a9-b466-4c8f-b196-9d67daf88b50","block_type":"box","text":"3,605","page_number":124,"box":{"x":154,"y":557,"width":41,"height":11}},{"id":"bdf90df6-c135-4dc1-b8d0-50e35310830f","block_type":"box","text":"Schneider Electric","page_number":124,"box":{"x":229,"y":557,"width":135,"height":9}},{"id":"e56609cb-5037-4032-b821-e0d26cb2dd22","block_type":"box","text":"864,996","page_number":124,"box":{"x":740,"y":557,"width":59,"height":11}},{"id":"f9a2cf33-f26e-4499-be6b-0eb169f2a890","block_type":"box","text":"0.78","page_number":124,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"c673ea9c-22c7-43b7-a135-a6c96b532288","block_type":"box","text":"2,841","page_number":124,"box":{"x":154,"y":573,"width":38,"height":10}},{"id":"bd81cb1c-4a1f-445a-9e92-14c967374b8d","block_type":"box","text":"Siemens","page_number":124,"box":{"x":229,"y":573,"width":64,"height":8}},{"id":"3ec7edb4-2c96-4a5a-89ce-62ff50bcd9e1","block_type":"box","text":"691,414","page_number":124,"box":{"x":740,"y":573,"width":59,"height":10}},{"id":"af859054-a2ad-485c-8df1-850b9836dcdb","block_type":"box","text":"0.62","page_number":124,"box":{"x":925,"y":573,"width":31,"height":8}},{"id":"29430866-04d5-425f-91c6-e23bec23cc59","block_type":"box","text":"1,983","page_number":124,"box":{"x":155,"y":588,"width":40,"height":10}},{"id":"1815b2cb-515a-4bf7-884f-8a6ac4f7252e","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":124,"box":{"x":229,"y":588,"width":395,"height":11}},{"id":"2d8c1450-1908-433d-960d-a4012f06898c","block_type":"box","text":"645,100","page_number":124,"box":{"x":740,"y":588,"width":59,"height":10}},{"id":"39472e41-1978-4c31-b69c-23e18d77da23","block_type":"box","text":"0.58","page_number":124,"box":{"x":925,"y":588,"width":31,"height":9}},{"id":"f3ba3f9d-2590-44e8-9767-557a3f0d0557","block_type":"box","text":"10,215,416","page_number":124,"box":{"x":717,"y":606,"width":82,"height":10}},{"id":"5f2a80f7-ac3d-49d6-8138-39f736486c32","block_type":"box","text":"9.17","page_number":124,"box":{"x":925,"y":606,"width":31,"height":9}},{"id":"39f3fee0-6a11-42c1-86f2-4658118eea7f","block_type":"box","text":"Ageing","page_number":124,"box":{"x":42,"y":637,"width":56,"height":11}},{"id":"2eb40224-5dbb-468e-95f0-67b7a4f85ac8","block_type":"box","text":"3.71% (31 December 2025 - 3.14%)","page_number":124,"box":{"x":99,"y":637,"width":276,"height":11}},{"id":"6a155c60-b046-4601-9a20-6b3a9066579a","block_type":"box","text":"2,607","page_number":124,"box":{"x":154,"y":656,"width":41,"height":10}},{"id":"cd566a97-1146-477a-840e-fa2ea422a55e","block_type":"box","text":"Amgen","page_number":124,"box":{"x":229,"y":656,"width":52,"height":11}},{"id":"867a08be-703d-4d25-ba7e-bbc52db6f080","block_type":"box","text":"729,706","page_number":124,"box":{"x":740,"y":656,"width":59,"height":10}},{"id":"3697dac6-d820-4815-aa22-38ab28c67ea3","block_type":"box","text":"0.65","page_number":124,"box":{"x":925,"y":656,"width":32,"height":8}},{"id":"e4a7bce4-d30c-4ce8-b751-db2dd6d365c4","block_type":"box","text":"514,198","page_number":124,"box":{"x":135,"y":671,"width":60,"height":10}},{"id":"22d82920-bbcf-49a3-8d66-48cff83d1fc1","block_type":"box","text":"BioPharma","page_number":124,"box":{"x":230,"y":671,"width":81,"height":9}},{"id":"0bedaa94-8aa0-45ad-af32-edc906a9d975","block_type":"box","text":"Credit","page_number":124,"box":{"x":312,"y":671,"width":49,"height":9}},{"id":"d9a0f5db-4a92-4e6c-b459-c76eebf55ae6","block_type":"box","text":"368,783","page_number":124,"box":{"x":740,"y":671,"width":59,"height":10}},{"id":"288bafcd-37f7-4b89-a266-12e5bc02664f","block_type":"box","text":"0.33","page_number":124,"box":{"x":925,"y":671,"width":31,"height":9}},{"id":"7b9f94d7-3c4d-4b28-baa5-33af17f12034","block_type":"box","text":"1,281","page_number":124,"box":{"x":155,"y":686,"width":37,"height":11}},{"id":"59485f52-9d66-4cc0-988e-a9aea6325c1f","block_type":"box","text":"BlackRock","page_number":124,"box":{"x":230,"y":687,"width":78,"height":8}},{"id":"79fde891-5dc9-4d67-acff-2345370c4bf2","block_type":"box","text":"953,584","page_number":124,"box":{"x":740,"y":686,"width":59,"height":11}},{"id":"180075d3-278e-4d65-a5a4-3f4774d620a8","block_type":"box","text":"0.86","page_number":124,"box":{"x":925,"y":687,"width":31,"height":8}},{"id":"c396f34d-6fbc-4ed9-9052-683f9c727aac","block_type":"box","text":"1,148","page_number":124,"box":{"x":155,"y":702,"width":40,"height":10}},{"id":"1bdc9d0d-5a84-4de0-860f-03fcd041c368","block_type":"box","text":"Eli Lilly & Company","page_number":124,"box":{"x":230,"y":702,"width":143,"height":11}},{"id":"9b686135-ba9e-4ed1-a212-905c5ccc64b2","block_type":"box","text":"1,040,337","page_number":124,"box":{"x":727,"y":702,"width":72,"height":10}},{"id":"150fc07b-eef5-4180-9507-e29df7b36bda","block_type":"box","text":"0.93","page_number":124,"box":{"x":925,"y":702,"width":31,"height":9}},{"id":"40a308b2-0f86-42c1-9787-7a3b2ff6ce19","block_type":"box","text":"2,669","page_number":124,"box":{"x":154,"y":717,"width":41,"height":10}},{"id":"59144d91-a409-49cb-ae43-b0263dcf1dce","block_type":"box","text":"Thermo","page_number":124,"box":{"x":229,"y":717,"width":57,"height":9}},{"id":"d850f7fc-78fd-413f-bd01-4a99fea6da75","block_type":"box","text":"Fisher Scientific","page_number":124,"box":{"x":293,"y":717,"width":117,"height":9}},{"id":"03c9a77d-ca12-462c-9943-15b309329d09","block_type":"box","text":"1,045,321","page_number":124,"box":{"x":727,"y":717,"width":70,"height":10}},{"id":"0284fad2-c8e2-4028-be8b-b9accba7880c","block_type":"box","text":"0.94","page_number":124,"box":{"x":925,"y":717,"width":31,"height":9}},{"id":"4de7c3f1-7ed4-4b4b-87f1-115e05bfc8b1","block_type":"box","text":"4,137,731","page_number":124,"box":{"x":726,"y":735,"width":71,"height":11}},{"id":"6a121496-fa70-4814-831f-c8348987cde2","block_type":"box","text":"3.71","page_number":124,"box":{"x":925,"y":735,"width":29,"height":9}},{"id":"47bc38cd-58d4-47e7-a1e5-b794db2a0246","block_type":"box","text":"Evolving Consumption","page_number":124,"box":{"x":43,"y":766,"width":181,"height":11}},{"id":"482edbf7-a847-4634-b645-bbee68463859","block_type":"box","text":"4.23% (31 December 2025 - 7.48%)","page_number":124,"box":{"x":230,"y":766,"width":271,"height":11}},{"id":"58c1f631-530e-44cd-8324-c987cdaf1f32","block_type":"box","text":"9,661","page_number":124,"box":{"x":154,"y":785,"width":38,"height":10}},{"id":"7a0a1844-e9da-4491-a43d-88fc6847c6c6","block_type":"box","text":"Colgate-Palmolive","page_number":124,"box":{"x":230,"y":785,"width":134,"height":11}},{"id":"bf5ba8af-aef9-4da5-9627-b736ddfebe31","block_type":"box","text":"687,752","page_number":124,"box":{"x":740,"y":785,"width":59,"height":10}},{"id":"ce402ec9-fc7f-4c97-b179-53c099893251","block_type":"box","text":"0.62","page_number":124,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"fceab856-c22d-4208-b740-80836dadc665","block_type":"box","text":"17,068","page_number":124,"box":{"x":146,"y":800,"width":49,"height":10}},{"id":"795d28d7-bcee-4a99-bd34-e76538a9eae0","block_type":"box","text":"Compass Group","page_number":124,"box":{"x":230,"y":800,"width":120,"height":11}},{"id":"677d8277-4052-47a3-8195-09a4bbd25da9","block_type":"box","text":"417,963","page_number":124,"box":{"x":739,"y":800,"width":60,"height":10}},{"id":"324169de-5eeb-4b2a-9bbc-fc94d9b21109","block_type":"box","text":"0.38","page_number":124,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"2f2ca388-0eac-4114-863b-322a8c6ce26c","block_type":"box","text":"1,615","page_number":124,"box":{"x":155,"y":815,"width":40,"height":11}},{"id":"270a9a40-e97e-4aa7-87bd-64b7625dc30e","block_type":"box","text":"Costco Wholesale","page_number":124,"box":{"x":230,"y":815,"width":133,"height":9}},{"id":"e8b11ed9-62f1-4348-93b1-7ad9f20f29f9","block_type":"box","text":"1,149,815","page_number":124,"box":{"x":727,"y":815,"width":72,"height":11}},{"id":"29b49b3b-9334-4e3a-a63b-ffe058c90c3a","block_type":"box","text":"1.03","page_number":124,"box":{"x":926,"y":815,"width":30,"height":9}},{"id":"e12f41ca-4771-4f4c-9760-b72b7179c2f4","block_type":"box","text":"2,350","page_number":124,"box":{"x":154,"y":831,"width":41,"height":10}},{"id":"8389a282-981e-4276-b5c0-0e12a13a21a4","block_type":"box","text":"EssilorLuxottica","page_number":124,"box":{"x":230,"y":831,"width":116,"height":9}},{"id":"49280efa-55a7-42bf-a000-5d9346c65086","block_type":"box","text":"346,654","page_number":124,"box":{"x":740,"y":831,"width":59,"height":10}},{"id":"ca4385d1-b345-481f-adac-7571eb103483","block_type":"box","text":"0.31","page_number":124,"box":{"x":925,"y":831,"width":29,"height":9}},{"id":"8a4492ba-454c-4d3a-97bc-3dec3038c577","block_type":"box","text":"3,286","page_number":124,"box":{"x":154,"y":846,"width":41,"height":11}},{"id":"43b0474b-a0a8-4737-9b32-74ef77592d34","block_type":"box","text":"Home Depot","page_number":124,"box":{"x":230,"y":846,"width":93,"height":11}},{"id":"287e2362-85fb-4c68-9e10-932722529c59","block_type":"box","text":"880,178","page_number":124,"box":{"x":740,"y":846,"width":59,"height":11}},{"id":"81764c8c-0c2f-4847-90cf-de70b37b7931","block_type":"box","text":"0.79","page_number":124,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"b9225b14-ac90-4c07-a1ec-70bc21cec90e","block_type":"box","text":"2,496","page_number":124,"box":{"x":154,"y":862,"width":41,"height":10}},{"id":"f47271a3-1887-4306-a27b-29210cc81a7d","block_type":"box","text":"L'Oreal","page_number":124,"box":{"x":230,"y":862,"width":51,"height":8}},{"id":"eeaa8a17-9097-4672-8232-d21bd2cb7e35","block_type":"box","text":"817,526","page_number":124,"box":{"x":740,"y":862,"width":59,"height":10}},{"id":"ab766661-b9cf-4f32-9d44-157a32394741","block_type":"box","text":"0.73","page_number":124,"box":{"x":925,"y":862,"width":31,"height":8}},{"id":"651074c2-8e2b-409c-99cf-98ba9849c76a","block_type":"box","text":"961","page_number":124,"box":{"x":168,"y":877,"width":24,"height":9}},{"id":"d6793e3e-a493-4e9b-ac3c-e8d829f88983","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":124,"box":{"x":230,"y":877,"width":265,"height":11}},{"id":"93c8155d-0ff4-4f0a-ae2a-2f356d161d9c","block_type":"box","text":"408,073","page_number":124,"box":{"x":739,"y":877,"width":60,"height":10}},{"id":"0acd7b75-cb93-4b27-b1d4-80bd7d7dc0b2","block_type":"box","text":"0.37","page_number":124,"box":{"x":925,"y":877,"width":31,"height":9}},{"id":"facbfe55-2bca-4c4b-8fb5-7e3aaa4548dd","block_type":"box","text":"4,707,961","page_number":124,"box":{"x":726,"y":895,"width":71,"height":10}},{"id":"0f3944ce-fe21-49e1-b73e-9bb124444798","block_type":"box","text":"4.23","page_number":124,"box":{"x":925,"y":895,"width":31,"height":9}},{"id":"12e7c12c-bd9a-4787-b723-cefc2f386503","block_type":"box","text":"124","page_number":125,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"1028d6cf-5ceb-481f-8eff-05d0a206e5ac","block_type":"box","text":"125","page_number":125,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"08c0821d-b69d-4d58-92c0-820a6236cdd1","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":125,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"435d81f4-a580-4b81-998a-a08d63b81b5d","block_type":"box","text":"Portfolio Statement (continued)","page_number":125,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"e562a65d-7358-4b75-9844-5d9214450d29","block_type":"box","text":"Holding/Nominal Value","page_number":125,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"ee4c438d-03d3-48d7-b864-000c5e431219","block_type":"box","text":"Investment","page_number":125,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"316f1f05-0dca-4f09-a701-ad2bfdfdd8ff","block_type":"box","text":"Market","page_number":125,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"4105134b-a85f-4f98-ae8a-865b5c31562a","block_type":"box","text":"Value","page_number":125,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"6ef05707-e6de-44e2-92a0-971473f41e40","block_type":"box","text":"£","page_number":125,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"47dcc81c-f387-426f-9ba2-b0a9c0d310e9","block_type":"box","text":"% of","page_number":125,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"75ca7702-a02a-4736-841f-ed132ec3b753","block_type":"box","text":"Net Assets","page_number":125,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"e6d1bb40-5fb7-45e2-a548-2304155989c6","block_type":"box","text":"Security","page_number":125,"box":{"x":42,"y":164,"width":66,"height":11}},{"id":"09aa37bd-91e6-499d-b461-ab748c3bd08d","block_type":"box","text":"7.43% (31 December 2025 - 7.48%)","page_number":125,"box":{"x":108,"y":164,"width":276,"height":11}},{"id":"6e69a3f3-5c56-4bcb-b5ea-a0324a8f828e","block_type":"box","text":"44,843","page_number":125,"box":{"x":144,"y":183,"width":51,"height":10}},{"id":"7e8483a4-4f3e-4399-b79a-1a5821a55264","block_type":"box","text":"Bank of Ireland Group","page_number":125,"box":{"x":230,"y":183,"width":162,"height":11}},{"id":"66fef2be-96b1-4a07-8f47-88831cf58658","block_type":"box","text":"664,756","page_number":125,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"e048d06a-0b94-4b09-afdb-6d84014e7243","block_type":"box","text":"0.59","page_number":125,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"b39f2ac3-a4b9-47e9-a4fe-8da9ec1a5a7f","block_type":"box","text":"52,188","page_number":125,"box":{"x":145,"y":198,"width":50,"height":11}},{"id":"d0590df7-460a-4d43-949d-8f62e71227b5","block_type":"box","text":"BHP Group","page_number":125,"box":{"x":230,"y":198,"width":84,"height":11}},{"id":"e545b43e-fcf9-494f-a5e6-9955aee56bd8","block_type":"box","text":"1,639,376","page_number":125,"box":{"x":727,"y":198,"width":72,"height":11}},{"id":"1877e79f-0116-44b6-86f2-d3a26b66842e","block_type":"box","text":"1.47","page_number":125,"box":{"x":926,"y":198,"width":30,"height":9}},{"id":"eb10dd3b-3bb6-4efb-b31a-4168dc0613fd","block_type":"box","text":"15,597","page_number":125,"box":{"x":146,"y":214,"width":49,"height":10}},{"id":"6085a5ea-c7ac-4c61-9048-927987efe951","block_type":"box","text":"Citigroup","page_number":125,"box":{"x":230,"y":213,"width":65,"height":12}},{"id":"ae8bc1d7-4af9-459a-9b2a-2965b1feb88a","block_type":"box","text":"1,633,904","page_number":125,"box":{"x":727,"y":214,"width":72,"height":10}},{"id":"22eb3a6f-cce2-4fda-8eca-1c14c02460cf","block_type":"box","text":"1.47","page_number":125,"box":{"x":926,"y":214,"width":30,"height":8}},{"id":"b6b9565d-33b3-4783-a001-d5b33dd27b9c","block_type":"box","text":"5,077","page_number":125,"box":{"x":154,"y":229,"width":41,"height":10}},{"id":"4a50aac8-7819-4b8e-b5b1-90066bcc22b2","block_type":"box","text":"CME Group","page_number":125,"box":{"x":230,"y":229,"width":87,"height":11}},{"id":"85cd1592-1399-4ebd-983f-0afedbeb03c7","block_type":"box","text":"899,094","page_number":125,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"a02a6f33-ffd0-4ad3-8f2c-2c61f8425d4d","block_type":"box","text":"0.81","page_number":125,"box":{"x":925,"y":229,"width":29,"height":9}},{"id":"038eecb2-53bf-4ee4-b121-25a8f136e39f","block_type":"box","text":"30,500","page_number":125,"box":{"x":145,"y":244,"width":50,"height":11}},{"id":"36fecc0a-c40b-4246-9cab-4d18077d9f9e","block_type":"box","text":"DBS Group","page_number":125,"box":{"x":230,"y":244,"width":84,"height":11}},{"id":"dbff4d7f-e6cb-4ff8-8e8d-6b13ec41953a","block_type":"box","text":"1,177,528","page_number":125,"box":{"x":727,"y":244,"width":72,"height":11}},{"id":"b3d61ff7-8c92-4963-b80b-37cfdc53a95f","block_type":"box","text":"1.06","page_number":125,"box":{"x":926,"y":244,"width":30,"height":9}},{"id":"74bee983-1295-4590-b82d-f030e7b01672","block_type":"box","text":"958","page_number":125,"box":{"x":168,"y":260,"width":27,"height":8}},{"id":"a67aa6f8-f28f-4cbc-9283-31a02b5067c3","block_type":"box","text":"Deere & Company","page_number":125,"box":{"x":230,"y":260,"width":137,"height":11}},{"id":"8b7a514b-bf03-4eef-be65-aaa969e53561","block_type":"box","text":"445,302","page_number":125,"box":{"x":739,"y":260,"width":60,"height":10}},{"id":"1154bb17-9842-43cc-83ea-eba0c5bb6806","block_type":"box","text":"0.40","page_number":125,"box":{"x":925,"y":260,"width":31,"height":8}},{"id":"bade3d69-8b46-405d-bd2b-12758880ceff","block_type":"box","text":"4,861","page_number":125,"box":{"x":154,"y":275,"width":38,"height":10}},{"id":"9783235e-7683-4786-ada6-f9cfdb29a391","block_type":"box","text":"JPMorgan Chase & Company","page_number":125,"box":{"x":229,"y":275,"width":222,"height":11}},{"id":"0625cdfd-58a9-46cd-b248-bf0ac357ac9f","block_type":"box","text":"1,216,205","page_number":125,"box":{"x":727,"y":275,"width":72,"height":10}},{"id":"166ef141-a933-4620-b3f5-671b116524b7","block_type":"box","text":"1.09","page_number":125,"box":{"x":926,"y":275,"width":30,"height":9}},{"id":"04e10645-e51f-450b-a16e-42243fd8a82b","block_type":"box","text":"455","page_number":125,"box":{"x":168,"y":291,"width":27,"height":8}},{"id":"b3342561-dd32-48fe-a080-02de8ac0a816","block_type":"box","text":"MercadoLibre","page_number":125,"box":{"x":230,"y":290,"width":101,"height":9}},{"id":"9c29e5f3-64d9-4d3b-9fdd-db9472a2187b","block_type":"box","text":"600,484","page_number":125,"box":{"x":740,"y":290,"width":59,"height":11}},{"id":"c54fa547-8bbb-4d79-8237-395c1d0264d2","block_type":"box","text":"0.54","page_number":125,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"18cd5520-e627-4d53-8fdf-90ad86696644","block_type":"box","text":"8,276,649","page_number":125,"box":{"x":726,"y":308,"width":73,"height":11}},{"id":"6251aead-b8f5-4187-a14e-3180f64c26b6","block_type":"box","text":"7.43","page_number":125,"box":{"x":925,"y":308,"width":31,"height":9}},{"id":"640364a4-f161-411f-a5b0-ae57368d38f3","block_type":"box","text":"Climate Change","page_number":125,"box":{"x":43,"y":339,"width":125,"height":11}},{"id":"5555b186-03e3-4237-ae5e-3d59d076378d","block_type":"box","text":"0.92% (31 December 2025 - 0.83%)","page_number":125,"box":{"x":169,"y":339,"width":276,"height":11}},{"id":"d995f72c-516e-4a29-a9d7-06132755099b","block_type":"box","text":"2,506","page_number":125,"box":{"x":154,"y":358,"width":41,"height":10}},{"id":"b0d6e753-f750-438b-a20e-73175c25fc4b","block_type":"box","text":"Linde","page_number":125,"box":{"x":230,"y":358,"width":39,"height":9}},{"id":"9302945d-d699-4203-bd91-00a13946d382","block_type":"box","text":"1,025,044","page_number":125,"box":{"x":727,"y":358,"width":72,"height":10}},{"id":"825e5e9d-4b85-4716-85cc-e79916cf1404","block_type":"box","text":"0.92","page_number":125,"box":{"x":925,"y":358,"width":31,"height":9}},{"id":"0d060b02-5e6e-41b5-b192-cdf255913d8f","block_type":"box","text":"1,025,044","page_number":125,"box":{"x":727,"y":376,"width":73,"height":10}},{"id":"9d5fea5d-dc21-4b7d-96e6-63606191b079","block_type":"box","text":"0.92","page_number":125,"box":{"x":925,"y":376,"width":31,"height":9}},{"id":"6d5ce1b7-1dd7-4a16-80ac-adc489bff61c","block_type":"box","text":"Sustained Income","page_number":125,"box":{"x":42,"y":407,"width":143,"height":9}},{"id":"4322a536-ff0c-437e-89f0-13249b5076d4","block_type":"box","text":"4.69% (31 December 2025 - 3.54%)","page_number":125,"box":{"x":186,"y":407,"width":276,"height":11}},{"id":"01cc48be-9751-4677-8f3b-86312044e214","block_type":"box","text":"464,946","page_number":125,"box":{"x":135,"y":426,"width":60,"height":10}},{"id":"c55ad13a-b601-43c5-afbd-01c29d2dcd9d","block_type":"box","text":"3i Infrastructure","page_number":125,"box":{"x":229,"y":425,"width":116,"height":9}},{"id":"efa7b6ce-6562-4a65-9949-002c7f877816","block_type":"box","text":"1,787,717","page_number":125,"box":{"x":727,"y":426,"width":72,"height":10}},{"id":"5962f9d7-9814-49f4-8a6f-9f6ceefbca29","block_type":"box","text":"1.60","page_number":125,"box":{"x":926,"y":426,"width":30,"height":8}},{"id":"a8e87822-605a-4606-a314-8f555fb05107","block_type":"box","text":"53,574","page_number":125,"box":{"x":145,"y":441,"width":50,"height":10}},{"id":"4aaa3485-f9c4-4ab8-87d7-1e20183228f8","block_type":"box","text":"HarbourVest","page_number":125,"box":{"x":230,"y":441,"width":92,"height":9}},{"id":"48e1216c-5e41-4d07-acd4-ce3eaa4f87a4","block_type":"box","text":"Global Private Equity","page_number":125,"box":{"x":322,"y":441,"width":161,"height":11}},{"id":"fa5a9f52-47e0-471e-94b7-d1f9638d0458","block_type":"box","text":"1,778,657","page_number":125,"box":{"x":727,"y":441,"width":72,"height":10}},{"id":"154d094e-0da6-4795-820f-ea52021936a1","block_type":"box","text":"1.60","page_number":125,"box":{"x":926,"y":441,"width":30,"height":9}},{"id":"43888cd0-9919-4e74-848d-6b33a700056d","block_type":"box","text":"136,959","page_number":125,"box":{"x":137,"y":456,"width":58,"height":11}},{"id":"e695c014-8663-4e18-9435-c3d63938f326","block_type":"box","text":"HgCapital","page_number":125,"box":{"x":230,"y":456,"width":71,"height":11}},{"id":"ac1cd935-c27f-445c-875a-301a0cdb3388","block_type":"box","text":"Trust","page_number":125,"box":{"x":302,"y":456,"width":42,"height":9}},{"id":"33cfa6ef-57e8-4a51-9718-125689ee018d","block_type":"box","text":"530,716","page_number":125,"box":{"x":740,"y":456,"width":59,"height":11}},{"id":"c144b451-3bd9-47e8-abb9-291c4d115cd7","block_type":"box","text":"0.48","page_number":125,"box":{"x":925,"y":456,"width":31,"height":9}},{"id":"636be911-6b38-40be-8ac4-8d3cc102ebdf","block_type":"box","text":"193,532","page_number":125,"box":{"x":137,"y":472,"width":58,"height":10}},{"id":"b98cd633-dedf-439d-b8d5-5b35e5a70730","block_type":"box","text":"Renewables Infrastructure Group","page_number":125,"box":{"x":230,"y":472,"width":245,"height":11}},{"id":"2ca71060-625d-4d58-a188-6f7c6243fed5","block_type":"box","text":"140,117","page_number":125,"box":{"x":742,"y":472,"width":57,"height":10}},{"id":"78f6db75-45a7-4e1e-a153-bc5e2e0af57c","block_type":"box","text":"0.12","page_number":125,"box":{"x":925,"y":472,"width":31,"height":8}},{"id":"32110bab-3285-4f4f-99da-a884fda7e8ba","block_type":"box","text":"474,499","page_number":125,"box":{"x":135,"y":487,"width":60,"height":10}},{"id":"ee943668-ebda-4d7a-88b8-23c9075d1824","block_type":"box","text":"Schiehallion","page_number":125,"box":{"x":229,"y":487,"width":89,"height":9}},{"id":"8cac14a9-a6d9-4194-b755-30ddf1022386","block_type":"box","text":"Fund","page_number":125,"box":{"x":319,"y":487,"width":42,"height":9}},{"id":"ff07879b-a0f1-4a10-85d2-804ce23663f4","block_type":"box","text":"738,879","page_number":125,"box":{"x":740,"y":487,"width":59,"height":10}},{"id":"6f112eca-e19c-44b5-b994-f008cd0b3f32","block_type":"box","text":"0.66","page_number":125,"box":{"x":925,"y":487,"width":31,"height":9}},{"id":"9c82cc47-5aa8-49a1-8e35-cc28cc177cb7","block_type":"box","text":"308,774","page_number":125,"box":{"x":135,"y":502,"width":60,"height":11}},{"id":"0be52a73-6b8f-4eeb-a076-ed617f4584a6","block_type":"box","text":"Sequoia Economic Infrastructure Income Fund","page_number":125,"box":{"x":229,"y":502,"width":345,"height":11}},{"id":"74a8dc50-9266-4eac-9c72-d608f01beee4","block_type":"box","text":"253,195","page_number":125,"box":{"x":740,"y":502,"width":59,"height":11}},{"id":"0ec6ad41-51fc-472c-b34c-0f5b4c6695b4","block_type":"box","text":"0.23","page_number":125,"box":{"x":925,"y":502,"width":31,"height":9}},{"id":"9a532ca7-9eed-4861-8f47-bbcba246122c","block_type":"box","text":"5,229,281","page_number":125,"box":{"x":726,"y":520,"width":71,"height":11}},{"id":"c8e0b2ef-2ea6-4429-af3b-966961ac1b14","block_type":"box","text":"4.69","page_number":125,"box":{"x":925,"y":520,"width":31,"height":9}},{"id":"64461431-d5b0-4d5b-a64d-96b225b67dff","block_type":"box","text":"Global Exchange Traded Funds","page_number":125,"box":{"x":43,"y":551,"width":249,"height":12}},{"id":"2821dae0-d528-47a4-86dc-a3437f96db0d","block_type":"box","text":"13.01% (31 December 2025 - 4.61%)","page_number":125,"box":{"x":298,"y":551,"width":280,"height":12}},{"id":"0e88a747-8d18-4df5-acb2-fd130bbe7ef4","block_type":"box","text":"143,691","page_number":125,"box":{"x":137,"y":570,"width":55,"height":10}},{"id":"8136c931-0068-4131-9c0b-a738634bd2da","block_type":"box","text":"iShares","page_number":125,"box":{"x":230,"y":570,"width":55,"height":9}},{"id":"5203c8c6-a6c0-475f-8980-f2abc7c345ca","block_type":"box","text":"Global Aerospace &","page_number":125,"box":{"x":286,"y":570,"width":157,"height":11}},{"id":"206adac9-085e-41b7-8b80-f00536fdd185","block_type":"box","text":"Defence","page_number":125,"box":{"x":445,"y":570,"width":60,"height":9}},{"id":"cb287fe4-b7d1-44f6-89e7-14132cf40249","block_type":"box","text":"UCITS ETF","page_number":125,"box":{"x":506,"y":570,"width":91,"height":9}},{"id":"b3a422f9-39e5-4ad3-9271-1882a0d2f957","block_type":"box","text":"1,094,782","page_number":125,"box":{"x":727,"y":570,"width":72,"height":10}},{"id":"8d00276f-106a-4292-aea1-5c214cb38860","block_type":"box","text":"0.98","page_number":125,"box":{"x":925,"y":570,"width":31,"height":9}},{"id":"7d650811-fe75-43bd-a1a8-2d853014dc44","block_type":"box","text":"48,603","page_number":125,"box":{"x":144,"y":585,"width":51,"height":11}},{"id":"b6805584-c596-48c9-a14f-fa557c86b6aa","block_type":"box","text":"iShares","page_number":125,"box":{"x":230,"y":585,"width":55,"height":9}},{"id":"60b68805-d484-4401-b44c-e48512ff2aa4","block_type":"box","text":"JP Morgan EM Local Government Bond UCITS","page_number":125,"box":{"x":286,"y":585,"width":361,"height":12}},{"id":"2dccde86-011a-40e5-900c-92117e909bff","block_type":"box","text":"ETF","page_number":125,"box":{"x":230,"y":600,"width":30,"height":8}},{"id":"9e27861b-32bb-4374-b947-a3346d177f91","block_type":"box","text":"1,687,960","page_number":125,"box":{"x":727,"y":600,"width":72,"height":10}},{"id":"31745c83-9c24-4f9d-bae4-98060763acaa","block_type":"box","text":"1.52","page_number":125,"box":{"x":926,"y":600,"width":30,"height":8}},{"id":"6252d208-19a3-4012-b161-22b0ed99342e","block_type":"box","text":"89,823","page_number":125,"box":{"x":145,"y":615,"width":50,"height":10}},{"id":"4f807791-8bbe-4ea0-b77c-2d11c01fa2d5","block_type":"box","text":"iShares","page_number":125,"box":{"x":230,"y":615,"width":55,"height":9}},{"id":"40b515e3-9bd5-4eab-85bf-6a9423e47287","block_type":"box","text":"MSCI EM UCITS ETF USD Distribution","page_number":125,"box":{"x":286,"y":615,"width":295,"height":9}},{"id":"c9d3ded5-3ea5-48a3-82d9-3c2e336f7b22","block_type":"box","text":"4,535,613","page_number":125,"box":{"x":725,"y":615,"width":74,"height":10}},{"id":"1a9abdbd-8b4b-4a30-86da-fb5393b980b0","block_type":"box","text":"4.07","page_number":125,"box":{"x":925,"y":615,"width":31,"height":9}},{"id":"494c2ed4-45b2-4203-94a1-3467391e5a4a","block_type":"box","text":"151,621","page_number":125,"box":{"x":137,"y":630,"width":55,"height":11}},{"id":"615c51ac-0667-44b6-8ef1-70b8a7830afc","block_type":"box","text":"iShares","page_number":125,"box":{"x":230,"y":630,"width":55,"height":9}},{"id":"63a4360c-5588-4d5a-8d63-b4b8d934d88d","block_type":"box","text":"MSCI Global Semiconductors UCITS ETF","page_number":125,"box":{"x":286,"y":630,"width":315,"height":9}},{"id":"a6b90cf1-ad87-4434-aeda-ab61db0f0f79","block_type":"box","text":"2,513,876","page_number":125,"box":{"x":726,"y":630,"width":73,"height":11}},{"id":"2ce693b2-4bcc-4186-a875-26981c13e255","block_type":"box","text":"2.26","page_number":125,"box":{"x":925,"y":630,"width":31,"height":9}},{"id":"dca72b0b-f845-4c67-9f6c-3abd9bba0faa","block_type":"box","text":"14,128","page_number":125,"box":{"x":146,"y":646,"width":49,"height":10}},{"id":"143504b4-ee86-4ca2-a6d8-47eb307b723e","block_type":"box","text":"iShares","page_number":125,"box":{"x":230,"y":646,"width":55,"height":9}},{"id":"5768e72f-f259-4e90-a893-376993facf29","block_type":"box","text":"MSCI Korea UCITS ETF","page_number":125,"box":{"x":286,"y":646,"width":186,"height":9}},{"id":"1b97d32b-a5ac-41b4-b0d7-b8bab2924895","block_type":"box","text":"1,455,643","page_number":125,"box":{"x":727,"y":646,"width":72,"height":10}},{"id":"e319deed-3811-4c2c-980e-6ee5acd31a0d","block_type":"box","text":"1.30","page_number":125,"box":{"x":926,"y":646,"width":30,"height":9}},{"id":"4c8a01eb-16e2-4038-8113-77d654a6f91a","block_type":"box","text":"39,723","page_number":125,"box":{"x":145,"y":661,"width":50,"height":10}},{"id":"5ae4483d-d822-4f58-90a7-396c31229946","block_type":"box","text":"iShares","page_number":125,"box":{"x":230,"y":661,"width":55,"height":9}},{"id":"2315d3e5-111a-4b18-9c99-8202a815750c","block_type":"box","text":"MSCI World Energy Sector UCITS ETF","page_number":125,"box":{"x":286,"y":661,"width":296,"height":11}},{"id":"db977620-00c0-4680-85f8-373e04eb7b76","block_type":"box","text":"252,996","page_number":125,"box":{"x":740,"y":661,"width":59,"height":10}},{"id":"06bc5e8b-df36-4004-bafa-0269462dcd4b","block_type":"box","text":"0.23","page_number":125,"box":{"x":925,"y":661,"width":31,"height":9}},{"id":"93e70fa4-f443-4745-b314-c831c4b41fcb","block_type":"box","text":"34,176","page_number":125,"box":{"x":145,"y":676,"width":50,"height":11}},{"id":"5dd86b4d-eef8-400b-aea1-25a7d371f2ba","block_type":"box","text":"State Street","page_number":125,"box":{"x":229,"y":676,"width":93,"height":9}},{"id":"5622fd5b-19ae-4413-9314-aac74382e828","block_type":"box","text":"SPDR Russell 2000 U.S. Small Cap UCITS","page_number":125,"box":{"x":323,"y":676,"width":327,"height":11}},{"id":"5b15d508-2b59-47c2-b582-34e199abb79f","block_type":"box","text":"ETF","page_number":125,"box":{"x":230,"y":691,"width":30,"height":8}},{"id":"93a0bff5-1f83-4a9f-acff-321468ec113d","block_type":"box","text":"2,243,092","page_number":125,"box":{"x":726,"y":691,"width":73,"height":10}},{"id":"8c231a47-74d5-4bdd-af6e-144a0282cc38","block_type":"box","text":"2.01","page_number":125,"box":{"x":925,"y":691,"width":29,"height":9}},{"id":"3fac5f63-1b67-442b-8fde-06fec65fd544","block_type":"box","text":"15,345","page_number":125,"box":{"x":146,"y":706,"width":49,"height":10}},{"id":"dbd0e8e9-d9c9-430d-934c-92142e73c1ec","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":125,"box":{"x":229,"y":706,"width":242,"height":11}},{"id":"d3cc8178-d0c2-4feb-9d0f-01f15d9dfb8a","block_type":"box","text":"709,016","page_number":125,"box":{"x":740,"y":706,"width":59,"height":10}},{"id":"342be2fe-5d4e-47c2-953b-51d569339a81","block_type":"box","text":"0.64","page_number":125,"box":{"x":925,"y":706,"width":31,"height":9}},{"id":"f1fa0e0a-3dcc-4574-8e41-0fb7db6e8eee","block_type":"box","text":"14,492,978","page_number":125,"box":{"x":717,"y":724,"width":82,"height":11}},{"id":"4dcfb535-9604-40b3-90f5-3e662edc3e87","block_type":"box","text":"13.01","page_number":125,"box":{"x":916,"y":724,"width":38,"height":9}},{"id":"94d132f4-ff74-46ea-9138-0dbad2b9d164","block_type":"box","text":"Global Exchange Traded Commodities","page_number":125,"box":{"x":43,"y":755,"width":305,"height":11}},{"id":"ed49b265-88fc-4657-8bc7-806c5015b3a6","block_type":"box","text":"2.05% (31 December 2025 - 3.31%)","page_number":125,"box":{"x":353,"y":755,"width":271,"height":11}},{"id":"a47e17ba-a990-4d8b-a8b6-d5c63041ed5f","block_type":"box","text":"5,751","page_number":125,"box":{"x":154,"y":774,"width":38,"height":10}},{"id":"47ad624d-1352-4e99-9c9e-59989afa85c8","block_type":"box","text":"Invesco Physical Gold","page_number":125,"box":{"x":230,"y":774,"width":163,"height":11}},{"id":"5507afbb-4c22-4571-9392-81697ae52419","block_type":"box","text":"1,725,881","page_number":125,"box":{"x":727,"y":774,"width":70,"height":10}},{"id":"b9a749b8-79b9-4fc5-8fdf-483eb1760c7c","block_type":"box","text":"1.55","page_number":125,"box":{"x":926,"y":774,"width":31,"height":9}},{"id":"27d1671d-1e0a-496c-b5c0-3b4a541a6c5f","block_type":"box","text":"39,494","page_number":125,"box":{"x":145,"y":789,"width":50,"height":10}},{"id":"b2f4e4a1-9e4c-43e1-9460-f555c270af4c","block_type":"box","text":"WisdomTree","page_number":125,"box":{"x":229,"y":789,"width":94,"height":9}},{"id":"a888ab8d-917c-46d4-8556-d86a335854b6","block_type":"box","text":"Industrial Metals","page_number":125,"box":{"x":330,"y":789,"width":120,"height":9}},{"id":"53d99276-fccd-410f-9ec8-858252b7a9f9","block_type":"box","text":"554,675","page_number":125,"box":{"x":740,"y":789,"width":59,"height":10}},{"id":"7ce743a6-d298-4634-a824-8a679e9af230","block_type":"box","text":"0.50","page_number":125,"box":{"x":925,"y":789,"width":31,"height":9}},{"id":"59963100-2048-4f0f-90fa-9b98f53e6042","block_type":"box","text":"2,280,556","page_number":125,"box":{"x":726,"y":807,"width":73,"height":10}},{"id":"d3b4b2b0-5e7a-4894-b07a-73d4fec1fbb7","block_type":"box","text":"2.05","page_number":125,"box":{"x":925,"y":807,"width":32,"height":9}},{"id":"e0770f87-81d3-4095-8bb3-ffa843247fb6","block_type":"box","text":"Global Collective Investment Schemes","page_number":125,"box":{"x":43,"y":838,"width":306,"height":9}},{"id":"028ae619-f579-4391-897a-212d4b60b311","block_type":"box","text":"7.84% (31 December 2025 - 3.","page_number":125,"box":{"x":354,"y":838,"width":232,"height":11}},{"id":"c380e6d1-6ed9-4eaa-a0d3-1495c18a6eac","block_type":"box","text":"48","page_number":125,"box":{"x":587,"y":838,"width":18,"height":9}},{"id":"71a9a01d-d2d3-4ceb-8188-e72895a35e66","block_type":"box","text":"%)","page_number":125,"box":{"x":606,"y":838,"width":19,"height":11}},{"id":"c4d3da81-9e2e-4952-88dd-a33169887d1b","block_type":"box","text":"7,183","page_number":125,"box":{"x":154,"y":857,"width":41,"height":10}},{"id":"77bf0530-1d37-4541-906e-af92f0da7f1e","block_type":"box","text":"AQR UCITS Funds - AQR Managed Futures UCITS Fund","page_number":125,"box":{"x":229,"y":857,"width":426,"height":11}},{"id":"3b5d0ada-3a4c-4bdb-b3f4-6decf22bade5","block_type":"box","text":"1,092,242","page_number":125,"box":{"x":727,"y":857,"width":72,"height":10}},{"id":"0e0831c4-12f2-40f6-a523-21704a0fc4b2","block_type":"box","text":"0.98","page_number":125,"box":{"x":925,"y":857,"width":31,"height":9}},{"id":"43bc149a-6e0f-4385-8970-229e1bd81256","block_type":"box","text":"2,244","page_number":125,"box":{"x":154,"y":872,"width":41,"height":10}},{"id":"090f406d-d717-466f-aa98-e333100911dd","block_type":"box","text":"AXA World Funds - US High Yield Bonds","page_number":125,"box":{"x":229,"y":872,"width":302,"height":11}},{"id":"f80e77a7-0c94-4034-8a13-46f2b235e89e","block_type":"box","text":"580,567","page_number":125,"box":{"x":740,"y":872,"width":59,"height":10}},{"id":"518c1b95-3477-4914-8e97-3c4321497d40","block_type":"box","text":"0.52","page_number":125,"box":{"x":925,"y":872,"width":31,"height":9}},{"id":"c6b1fb43-06c4-47e9-89b3-15eac4e56036","block_type":"box","text":"13,526","page_number":125,"box":{"x":146,"y":887,"width":49,"height":11}},{"id":"6bd0dfcb-db42-4a91-a2fb-a9e745522445","block_type":"box","text":"Coremont","page_number":125,"box":{"x":230,"y":887,"width":72,"height":9}},{"id":"93f4f025-54b4-4a28-8e7c-c6a47651ed4e","block_type":"box","text":"Investment Fund -","page_number":125,"box":{"x":302,"y":887,"width":145,"height":9}},{"id":"a50738d5-1451-4dec-b55b-ee68f63473bf","block_type":"box","text":"Brevan","page_number":125,"box":{"x":448,"y":888,"width":51,"height":8}},{"id":"d48ab10d-1cfd-4bc6-bf12-147c45817f69","block_type":"box","text":"Howard Absolute","page_number":125,"box":{"x":500,"y":887,"width":137,"height":9}},{"id":"e4e51181-580a-452f-81ff-9849c8527831","block_type":"box","text":"Return Government Bond Fund Class 'A2' GBP","page_number":125,"box":{"x":230,"y":902,"width":356,"height":8}},{"id":"3f89709f-0b31-4923-8a67-842e757f4967","block_type":"box","text":"Accumulation","page_number":125,"box":{"x":229,"y":916,"width":99,"height":9}},{"id":"2d0dbf38-9077-45ff-98ff-5f6f29064af3","block_type":"box","text":"1,682,956","page_number":125,"box":{"x":727,"y":916,"width":72,"height":10}},{"id":"9073e4d4-6973-4db0-8f69-291d807bc069","block_type":"box","text":"1.51","page_number":125,"box":{"x":926,"y":916,"width":28,"height":9}},{"id":"378a3bd7-a816-436e-b347-2723687ef748","block_type":"box","text":"125","page_number":126,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"0498eaff-1aa8-43e9-9af8-56569ba49889","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":126,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"5db2546b-77f9-4dac-a429-42f08d05bcc3","block_type":"box","text":"Portfolio Statement (continued)","page_number":126,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"69917dbc-0f7f-4dea-a1f5-318dd8767883","block_type":"box","text":"Holding/Nominal Value","page_number":126,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"fcd5c51b-5aa1-4f0f-bbaa-f3dec4f3e9bb","block_type":"box","text":"Investment","page_number":126,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"d8c1502b-1548-424e-ba73-1068d02a84f5","block_type":"box","text":"Market","page_number":126,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"e33b947c-292f-4b32-a0ce-fa4ed270e9e9","block_type":"box","text":"Value","page_number":126,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"e8bd19ae-89ec-4540-a3a8-2b42b199e636","block_type":"box","text":"£","page_number":126,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"2583bf3f-0b9d-4280-8e64-f82f5fbb5be9","block_type":"box","text":"% of","page_number":126,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"47ef0feb-7950-4e5c-80b9-786c6ce59db8","block_type":"box","text":"Net Assets","page_number":126,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"226317e7-1d14-426f-8a4f-196e1ed7783a","block_type":"box","text":"Global Collective Investment Schemes (continued)","page_number":126,"box":{"x":43,"y":164,"width":402,"height":11}},{"id":"6260b10d-86eb-4d6e-8334-84d94747d7dc","block_type":"box","text":"8,078","page_number":126,"box":{"x":154,"y":183,"width":41,"height":10}},{"id":"780f9a0f-13cc-43c0-90e4-a7349db21512","block_type":"box","text":"Fulcrum Equity Dispersion Fund Class 'I' GBP","page_number":126,"box":{"x":230,"y":183,"width":345,"height":11}},{"id":"d1a0072c-a66e-4f94-b281-a4a3f85f316f","block_type":"box","text":"Accumulation","page_number":126,"box":{"x":229,"y":197,"width":99,"height":9}},{"id":"a5fe6925-04cd-4c00-8cf8-6bf3a7a0a51e","block_type":"box","text":"1,362,328","page_number":126,"box":{"x":727,"y":197,"width":72,"height":10}},{"id":"9117bcf1-411d-411f-851e-949349ee1fe0","block_type":"box","text":"1.23","page_number":126,"box":{"x":926,"y":197,"width":30,"height":9}},{"id":"ca0a32b2-7f81-4fdc-9cd0-82e1375009b0","block_type":"box","text":"413,299","page_number":126,"box":{"x":135,"y":212,"width":60,"height":11}},{"id":"537b947e-ca2c-4225-a7cf-63129de6cd02","block_type":"box","text":"Jupiter","page_number":126,"box":{"x":229,"y":212,"width":55,"height":11}},{"id":"64bc25c7-96f3-4d3e-af8b-bc5e1d386273","block_type":"box","text":"Merian","page_number":126,"box":{"x":285,"y":213,"width":49,"height":8}},{"id":"17918524-d03c-43e3-a1f3-a89248a830c6","block_type":"box","text":"Global Equity Absolute Return Fund 'I'","page_number":126,"box":{"x":335,"y":212,"width":292,"height":12}},{"id":"1be881aa-5604-4e26-a27b-3d57c04207c2","block_type":"box","text":"GBP Hedged Accumulation","page_number":126,"box":{"x":230,"y":227,"width":201,"height":11}},{"id":"5e821059-4c6b-4bb2-9a51-76b62514407f","block_type":"box","text":"1,098,631","page_number":126,"box":{"x":727,"y":227,"width":70,"height":10}},{"id":"b6b30217-27ea-4720-b5b5-1715c0b7693a","block_type":"box","text":"0.99","page_number":126,"box":{"x":925,"y":227,"width":31,"height":8}},{"id":"4e834eaa-dd7f-411a-bb76-af8fd963d34a","block_type":"box","text":"4,529","page_number":126,"box":{"x":154,"y":242,"width":41,"height":10}},{"id":"65bcfad3-3b08-437b-822c-1fc69e7b4d0e","block_type":"box","text":"Leadenhall","page_number":126,"box":{"x":230,"y":242,"width":80,"height":9}},{"id":"be1a12f9-6237-4146-ad56-5a1b5ccfbbee","block_type":"box","text":"UCITS ILS 'H6' GBP Accumulation","page_number":126,"box":{"x":311,"y":242,"width":261,"height":9}},{"id":"0c4979e7-e8e2-4cf3-a52d-d8d3e1d2ec45","block_type":"box","text":"463,691","page_number":126,"box":{"x":739,"y":242,"width":58,"height":10}},{"id":"4145e475-3df1-49f2-8c4f-8ac424bfc022","block_type":"box","text":"0.41","page_number":126,"box":{"x":925,"y":242,"width":29,"height":9}},{"id":"2536c619-1bca-4cf4-854e-c3e9c078a74b","block_type":"box","text":"6,460","page_number":126,"box":{"x":154,"y":257,"width":41,"height":11}},{"id":"395bc9a2-f614-4667-a039-14f64ca3b96a","block_type":"box","text":"MAN Funds - Man Japan","page_number":126,"box":{"x":230,"y":257,"width":190,"height":11}},{"id":"724d14d0-9b91-4d50-8b89-5f1a01608c9a","block_type":"box","text":"CoreAlpha","page_number":126,"box":{"x":421,"y":257,"width":78,"height":11}},{"id":"caa599ba-dc5e-4978-9573-26b8f2d6f891","block_type":"box","text":"Equity","page_number":126,"box":{"x":499,"y":257,"width":52,"height":12}},{"id":"2d2f424a-be32-47de-8eab-7569934929b5","block_type":"box","text":"1,982,130","page_number":126,"box":{"x":727,"y":257,"width":72,"height":11}},{"id":"2cf330ca-6a55-490b-8d6d-dbd90a7ec4f2","block_type":"box","text":"1.78","page_number":126,"box":{"x":926,"y":257,"width":30,"height":9}},{"id":"b42ca09a-d6d7-4624-971b-8d8313f48d00","block_type":"box","text":"3,141","page_number":126,"box":{"x":154,"y":273,"width":38,"height":10}},{"id":"4ff06e14-c0de-43c1-8847-7fd1eea1c27f","block_type":"box","text":"Twelve Capital UCITS ICAV - Twelve Cat Bond Fund 'S13'","page_number":126,"box":{"x":229,"y":273,"width":437,"height":11}},{"id":"d93be7c1-b53a-484b-8e5e-98164d755df3","block_type":"box","text":"GBP Accumulation","page_number":126,"box":{"x":230,"y":287,"width":137,"height":9}},{"id":"b9ac00cc-a402-4586-8255-c5ed4098fb0b","block_type":"box","text":"463,538","page_number":126,"box":{"x":739,"y":287,"width":60,"height":10}},{"id":"33dd7b38-b36d-40a1-a6e6-ea2fc6b2ae79","block_type":"box","text":"0.42","page_number":126,"box":{"x":925,"y":287,"width":31,"height":9}},{"id":"4b2de3f1-ee56-4f4c-947e-0543a76d1880","block_type":"box","text":"8,726,083","page_number":126,"box":{"x":726,"y":305,"width":73,"height":10}},{"id":"31df506f-19df-4aa3-a2b5-b285024ead66","block_type":"box","text":"7.84","page_number":126,"box":{"x":925,"y":305,"width":32,"height":9}},{"id":"43ac8063-217c-4a33-838f-d215131145d9","block_type":"box","text":"Sterling Asset Backed","page_number":126,"box":{"x":42,"y":336,"width":175,"height":11}},{"id":"2c092f67-f5aa-4e65-96bd-4823746d0403","block_type":"box","text":"5.80% (31 December 2025 - 6.52%)","page_number":126,"box":{"x":219,"y":336,"width":276,"height":11}},{"id":"f4a3a013-f0ca-4909-8ad1-18313326211c","block_type":"box","text":"£606,000","page_number":126,"box":{"x":126,"y":355,"width":69,"height":10}},{"id":"dc413997-0730-468e-b5c8-38d5ed326366","block_type":"box","text":"AA Bond Company 5.50% 31/07/2050","page_number":126,"box":{"x":229,"y":355,"width":282,"height":11}},{"id":"2f1e3132-845f-468c-8764-69cc2e951ce2","block_type":"box","text":"598,263","page_number":126,"box":{"x":740,"y":355,"width":59,"height":10}},{"id":"5b65cd19-1e6c-49a8-bb04-eb709b77ac83","block_type":"box","text":"0.54","page_number":126,"box":{"x":925,"y":355,"width":31,"height":8}},{"id":"13b243dc-f7a4-4a27-9e80-15f494f79bc6","block_type":"box","text":"£600,000","page_number":126,"box":{"x":126,"y":370,"width":69,"height":10}},{"id":"1200d7a0-3a32-4cdc-99b2-de502a848d69","block_type":"box","text":"Anglian Water Services 2.625% 15/06/2027","page_number":126,"box":{"x":229,"y":370,"width":323,"height":11}},{"id":"3dee2030-3cb0-42f3-8169-6ca1632285da","block_type":"box","text":"587,377","page_number":126,"box":{"x":740,"y":370,"width":59,"height":10}},{"id":"a6c93758-6f58-4eda-a81b-a3e696fcfbf2","block_type":"box","text":"0.53","page_number":126,"box":{"x":925,"y":370,"width":31,"height":9}},{"id":"ede5c1ea-ab76-46e0-9b31-bf45271e56c2","block_type":"box","text":"£300,000","page_number":126,"box":{"x":126,"y":385,"width":69,"height":11}},{"id":"f41f3333-da19-4e9b-9330-ed22c597990f","block_type":"box","text":"Arqiva","page_number":126,"box":{"x":229,"y":385,"width":47,"height":11}},{"id":"e221a891-72d1-48c2-801b-a5d9f88195ce","block_type":"box","text":"Financing 5.34% 30/12/2037","page_number":126,"box":{"x":276,"y":385,"width":218,"height":12}},{"id":"987dbd28-62dc-46da-828c-c4a4dbc5229b","block_type":"box","text":"292,816","page_number":126,"box":{"x":740,"y":385,"width":59,"height":11}},{"id":"377b79d5-8ac9-45af-930f-4a707a9f3a38","block_type":"box","text":"0.26","page_number":126,"box":{"x":925,"y":385,"width":31,"height":9}},{"id":"25f16bbe-20ec-4f42-b39a-e04a6bb788aa","block_type":"box","text":"£400,000","page_number":126,"box":{"x":126,"y":401,"width":69,"height":10}},{"id":"19b4beb8-01ab-4479-b1c6-82c8d5b0731c","block_type":"box","text":"Bazalgette","page_number":126,"box":{"x":230,"y":401,"width":77,"height":11}},{"id":"21a426c8-d5e1-4e84-983c-096116855627","block_type":"box","text":"Finance 2.375% 29/11/2027","page_number":126,"box":{"x":308,"y":401,"width":213,"height":9}},{"id":"981b6252-f54b-4bed-be96-5542e1456b12","block_type":"box","text":"386,032","page_number":126,"box":{"x":740,"y":401,"width":59,"height":10}},{"id":"410afd24-8c01-425b-943c-606775e11bed","block_type":"box","text":"0.35","page_number":126,"box":{"x":925,"y":401,"width":32,"height":9}},{"id":"05266b38-4d6a-4ff3-a591-91ae3cd0a9c5","block_type":"box","text":"£500,000","page_number":126,"box":{"x":126,"y":416,"width":69,"height":10}},{"id":"14913a80-2faa-4eb7-a318-d5dbf30bc90f","block_type":"box","text":"Channel Link Enterprises Finance 3.043% 30/06/2050","page_number":126,"box":{"x":230,"y":416,"width":400,"height":11}},{"id":"5e554dd0-69e2-487e-932b-42dbe3c5c632","block_type":"box","text":"469,468","page_number":126,"box":{"x":739,"y":416,"width":60,"height":10}},{"id":"4e838794-4055-4f25-ae17-b233aafc9de6","block_type":"box","text":"0.42","page_number":126,"box":{"x":925,"y":416,"width":31,"height":9}},{"id":"99779e06-5ca0-450d-b708-c43956b00476","block_type":"box","text":"£270,000","page_number":126,"box":{"x":126,"y":431,"width":69,"height":11}},{"id":"3bb05440-f940-460a-9b98-07df0c8923ca","block_type":"box","text":"CPUK Finance 3.69% 28/02/2047","page_number":126,"box":{"x":230,"y":431,"width":250,"height":9}},{"id":"9c9441fb-6b67-44fd-8ee4-35c4971e908b","block_type":"box","text":"261,651","page_number":126,"box":{"x":740,"y":431,"width":57,"height":11}},{"id":"2ec9f7f7-bf7a-438b-a96f-7c0a78a23817","block_type":"box","text":"0.23","page_number":126,"box":{"x":925,"y":431,"width":31,"height":9}},{"id":"6a3a94b2-37a6-44c8-9d2a-2b397532335d","block_type":"box","text":"£280,000","page_number":126,"box":{"x":126,"y":447,"width":69,"height":10}},{"id":"15fc6074-e712-47b0-a2f0-759acd1c0685","block_type":"box","text":"CPUK Finance 6.136% 28/02/2047","page_number":126,"box":{"x":230,"y":447,"width":259,"height":9}},{"id":"cdbbebc1-33b4-4fb9-b262-6ff90d459fe6","block_type":"box","text":"288,038","page_number":126,"box":{"x":740,"y":447,"width":59,"height":10}},{"id":"06e9a7c5-3485-45bb-940f-4349fd506613","block_type":"box","text":"0.26","page_number":126,"box":{"x":925,"y":447,"width":31,"height":9}},{"id":"2653d3be-0866-4b6c-9cc4-8d7cfb905b04","block_type":"box","text":"£450,000","page_number":126,"box":{"x":126,"y":462,"width":69,"height":11}},{"id":"50ca1e42-d0f1-467f-b1ed-14484ab66315","block_type":"box","text":"DWR","page_number":126,"box":{"x":230,"y":462,"width":43,"height":9}},{"id":"8f0c9956-16c8-436b-b7cd-acf18bad9996","block_type":"box","text":"Cymru","page_number":126,"box":{"x":274,"y":462,"width":48,"height":11}},{"id":"a0f6988c-cee7-46f5-8c4a-f265ac85ea06","block_type":"box","text":"Financing UK 6.015% 31/03/2028","page_number":126,"box":{"x":323,"y":462,"width":255,"height":11}},{"id":"f789d601-0f96-46df-9ab4-ee7af360f4e5","block_type":"box","text":"458,132","page_number":126,"box":{"x":739,"y":462,"width":60,"height":11}},{"id":"c5b31ad5-6f32-45a1-90e5-fc0d5914a2cf","block_type":"box","text":"0.41","page_number":126,"box":{"x":925,"y":462,"width":29,"height":9}},{"id":"fe0a7d4f-fbd8-4ef1-ae29-426961ddd880","block_type":"box","text":"£631,200","page_number":126,"box":{"x":126,"y":477,"width":69,"height":11}},{"id":"397723ed-9c21-4819-bd1b-c465bd5f11cd","block_type":"box","text":"Great Rolling Stock Company 6.875% 27/07/2035","page_number":126,"box":{"x":230,"y":477,"width":370,"height":12}},{"id":"183fca1c-b21a-46b5-9544-4c744155fd0f","block_type":"box","text":"665,645","page_number":126,"box":{"x":740,"y":478,"width":59,"height":10}},{"id":"a3d7e2f3-1b14-43f8-abb2-01bb017e7074","block_type":"box","text":"0.60","page_number":126,"box":{"x":925,"y":478,"width":31,"height":8}},{"id":"1c09fb23-ac6b-4f6a-92a9-d3a4d3532bd8","block_type":"box","text":"£242,397","page_number":126,"box":{"x":126,"y":493,"width":69,"height":10}},{"id":"18e09534-5525-480e-8e41-4b78036397c4","block_type":"box","text":"Greater","page_number":126,"box":{"x":230,"y":493,"width":60,"height":9}},{"id":"9b8a5439-f1e9-45a9-969d-4af4b1630086","block_type":"box","text":"Gabbard","page_number":126,"box":{"x":291,"y":493,"width":63,"height":9}},{"id":"baa52f50-6529-4630-b4f6-160f45beb1be","block_type":"box","text":"OFTO 4.137% 29/11/2032","page_number":126,"box":{"x":356,"y":493,"width":199,"height":9}},{"id":"fdecf164-472a-49a0-9d05-2e8bd4c8ffc3","block_type":"box","text":"234,785","page_number":126,"box":{"x":740,"y":493,"width":59,"height":10}},{"id":"78ec9e3a-c856-4b3d-90b6-69200341b304","block_type":"box","text":"0.21","page_number":126,"box":{"x":925,"y":493,"width":29,"height":9}},{"id":"a8204f53-e77d-49f9-aa6b-0f01c8b1bbc8","block_type":"box","text":"£350,000","page_number":126,"box":{"x":126,"y":508,"width":69,"height":11}},{"id":"e7de1e35-090e-49e9-bc01-7f2219e8feb8","block_type":"box","text":"High Speed Rail Finance 1 4.375% 01/11/2038","page_number":126,"box":{"x":230,"y":508,"width":347,"height":11}},{"id":"2a7a336b-eeab-4a7f-8d0e-22cce8434e63","block_type":"box","text":"321,501","page_number":126,"box":{"x":740,"y":508,"width":57,"height":11}},{"id":"8a2eb7b2-a57d-4e3a-a065-bea4f87bb4b9","block_type":"box","text":"0.29","page_number":126,"box":{"x":925,"y":508,"width":31,"height":9}},{"id":"93c05a59-18ef-4b0b-9795-2fc0bc087015","block_type":"box","text":"£400,000","page_number":126,"box":{"x":126,"y":524,"width":69,"height":10}},{"id":"02ec6314-6059-40b3-98cf-eccc9176e72f","block_type":"box","text":"RAC Bond 5.75% 06/05/2046","page_number":126,"box":{"x":230,"y":524,"width":218,"height":9}},{"id":"74f7f0ae-5b88-4a34-9072-555ab0be25f9","block_type":"box","text":"405,141","page_number":126,"box":{"x":739,"y":524,"width":58,"height":10}},{"id":"f1776dc3-7e48-4dc9-bef0-b71fcd268a43","block_type":"box","text":"0.36","page_number":126,"box":{"x":925,"y":524,"width":31,"height":8}},{"id":"f01d2054-e394-4578-8846-261104e6b779","block_type":"box","text":"£781,822","page_number":126,"box":{"x":126,"y":539,"width":69,"height":10}},{"id":"023b9980-d80e-4bf1-b2d8-045670c96b79","block_type":"box","text":"TC Dudgeon OFTO 3.158% 12/11/2038","page_number":126,"box":{"x":229,"y":539,"width":294,"height":11}},{"id":"a4349ad9-8fcb-4ec4-ab4f-c3acd96406f7","block_type":"box","text":"678,530","page_number":126,"box":{"x":740,"y":539,"width":59,"height":10}},{"id":"513070e1-db78-4ce2-bdd5-f7d3f05aee00","block_type":"box","text":"0.61","page_number":126,"box":{"x":925,"y":539,"width":29,"height":9}},{"id":"b497b763-5d32-4749-b9de-bdb27b34de31","block_type":"box","text":"£219,201","page_number":126,"box":{"x":126,"y":554,"width":66,"height":11}},{"id":"d2e850b7-a1ec-4c82-b247-2d8eeeac9c7d","block_type":"box","text":"Tesco Property Finance 1 7.623% 13/07/2039","page_number":126,"box":{"x":229,"y":554,"width":340,"height":12}},{"id":"29ff6239-ad8b-4240-96b3-24d633b77beb","block_type":"box","text":"244,500","page_number":126,"box":{"x":740,"y":554,"width":59,"height":11}},{"id":"61a0750e-03c9-4492-854f-76e3be441f96","block_type":"box","text":"0.22","page_number":126,"box":{"x":925,"y":554,"width":31,"height":9}},{"id":"0680fe3d-60fc-4daa-94a8-3973107178f7","block_type":"box","text":"£253,268","page_number":126,"box":{"x":126,"y":570,"width":69,"height":10}},{"id":"fa34dfd9-484d-4ff9-ac3f-5bce025fc036","block_type":"box","text":"Tesco Property Finance 3 5.744% 13/04/2040","page_number":126,"box":{"x":229,"y":570,"width":340,"height":11}},{"id":"13277d20-6053-4ac1-8a2e-9749901aeebf","block_type":"box","text":"252,405","page_number":126,"box":{"x":740,"y":570,"width":59,"height":10}},{"id":"77a9f949-fd22-4984-b433-e8490758bc41","block_type":"box","text":"0.23","page_number":126,"box":{"x":925,"y":570,"width":31,"height":9}},{"id":"ee967f17-9391-48a9-a716-091a481edfd4","block_type":"box","text":"£336,849","page_number":126,"box":{"x":126,"y":585,"width":69,"height":10}},{"id":"af499dc5-9765-4701-b808-4c47fd7e6709","block_type":"box","text":"Wods","page_number":126,"box":{"x":229,"y":585,"width":42,"height":9}},{"id":"3aa13e98-8181-43fb-910f-20e67eff4262","block_type":"box","text":"Transmission 3.446% 24/08/2034","page_number":126,"box":{"x":271,"y":585,"width":253,"height":9}},{"id":"e129b1ef-1058-4e02-8d75-2a677c48b1f3","block_type":"box","text":"313,582","page_number":126,"box":{"x":740,"y":585,"width":59,"height":10}},{"id":"ae6a1211-b10e-4f1b-9059-adcab897ecac","block_type":"box","text":"0.28","page_number":126,"box":{"x":925,"y":585,"width":31,"height":9}},{"id":"ee0d1c41-c9a6-4523-b1dd-0163db0fbfe9","block_type":"box","text":"6,457,866","page_number":126,"box":{"x":726,"y":603,"width":73,"height":11}},{"id":"f62c0b2c-9f13-4c94-ab6b-8ef6bc4676fd","block_type":"box","text":"5.80","page_number":126,"box":{"x":925,"y":603,"width":31,"height":9}},{"id":"cefca992-4952-4210-93b1-b129cd3f5cc1","block_type":"box","text":"Sterling Corporate Bonds","page_number":126,"box":{"x":42,"y":634,"width":203,"height":11}},{"id":"4005c90b-7f4f-445a-b852-7da2e0df8e85","block_type":"box","text":"8.68% (31 December 2025 - 9.56%)","page_number":126,"box":{"x":246,"y":634,"width":277,"height":11}},{"id":"75584c61-9603-4a71-8a6f-8ea15d39b5e2","block_type":"box","text":"£265,000","page_number":126,"box":{"x":126,"y":653,"width":69,"height":10}},{"id":"e929bb9b-5231-4b0d-9c7c-4a0e03623fdd","block_type":"box","text":"Alphabet 4.625% 13/11/2032","page_number":126,"box":{"x":229,"y":653,"width":214,"height":11}},{"id":"f36156c1-786b-4945-9c56-1f0d4d986b52","block_type":"box","text":"260,807","page_number":126,"box":{"x":740,"y":653,"width":59,"height":10}},{"id":"1610793e-c8fa-4d0a-ac99-6b5131b7527d","block_type":"box","text":"0.23","page_number":126,"box":{"x":925,"y":653,"width":31,"height":9}},{"id":"1fa5fcd1-b9fd-4009-80d0-a134666ab4f6","block_type":"box","text":"£120,000","page_number":126,"box":{"x":126,"y":668,"width":69,"height":10}},{"id":"145dd0c5-ff20-4fda-b34d-169789f1ecd2","block_type":"box","text":"Aviva 4.00% 03/06/2055","page_number":126,"box":{"x":229,"y":668,"width":181,"height":9}},{"id":"1a18346f-5f72-4d1b-ad1f-897aaaf72994","block_type":"box","text":"103,436","page_number":126,"box":{"x":741,"y":668,"width":58,"height":10}},{"id":"c409a0e8-020b-4480-b8ef-fac37c7d2c83","block_type":"box","text":"0.09","page_number":126,"box":{"x":925,"y":668,"width":31,"height":9}},{"id":"967ac8fa-66f3-4e59-a9c8-cfef5fd7d31c","block_type":"box","text":"£520,000","page_number":126,"box":{"x":126,"y":683,"width":69,"height":11}},{"id":"4d0a93db-bf57-40b3-94f1-e3ef589af509","block_type":"box","text":"Aviva 6.875% 20/05/2058","page_number":126,"box":{"x":229,"y":683,"width":190,"height":9}},{"id":"b3d42d69-71f9-4ebe-9a8c-5fb1a6857335","block_type":"box","text":"537,951","page_number":126,"box":{"x":740,"y":683,"width":57,"height":11}},{"id":"f318c369-57a2-4a3d-a426-6fb4d1867981","block_type":"box","text":"0.48","page_number":126,"box":{"x":925,"y":684,"width":31,"height":8}},{"id":"3e6cfdb5-4cc3-4782-8903-5c54002d6db8","block_type":"box","text":"£500,000","page_number":126,"box":{"x":126,"y":699,"width":69,"height":10}},{"id":"43f7c854-05e6-43a8-aee0-2a481b4df3dd","block_type":"box","text":"Banco Bilbao Vizcaya Argentaria 8.25% 30/11/2033","page_number":126,"box":{"x":230,"y":699,"width":381,"height":11}},{"id":"4016ed7b-f827-4343-b75f-9b408e7a3dca","block_type":"box","text":"531,156","page_number":126,"box":{"x":740,"y":699,"width":59,"height":10}},{"id":"41c4e7da-2d65-4f45-a4b0-53b76b4bb854","block_type":"box","text":"0.48","page_number":126,"box":{"x":925,"y":699,"width":31,"height":9}},{"id":"a48436df-0f15-4b47-9e55-7ee841bade62","block_type":"box","text":"£200,000","page_number":126,"box":{"x":126,"y":714,"width":69,"height":11}},{"id":"7aa9de31-6de7-478c-9fcf-0d6d7913e8dc","block_type":"box","text":"Banco Santander 5.625% 27/01/2031","page_number":126,"box":{"x":230,"y":714,"width":276,"height":9}},{"id":"a0ba57a2-3411-4e07-88af-5b2742ba1290","block_type":"box","text":"203,507","page_number":126,"box":{"x":740,"y":714,"width":59,"height":11}},{"id":"73984b50-a646-443c-831e-f339c4f549af","block_type":"box","text":"0.18","page_number":126,"box":{"x":925,"y":714,"width":31,"height":9}},{"id":"14380d13-adb0-495f-9954-573bfc503185","block_type":"box","text":"£400,000","page_number":126,"box":{"x":126,"y":729,"width":69,"height":11}},{"id":"97512f77-b8ce-4be6-9e3a-f7d92a9851b0","block_type":"box","text":"Bank of Ireland Group 7.594% 06/12/2032","page_number":126,"box":{"x":230,"y":729,"width":312,"height":12}},{"id":"aee256e1-1a8e-44aa-bd1e-ed5945cc025c","block_type":"box","text":"411,200","page_number":126,"box":{"x":741,"y":730,"width":58,"height":10}},{"id":"acd275f0-abc0-4143-8c36-d99c48190c13","block_type":"box","text":"0.37","page_number":126,"box":{"x":925,"y":730,"width":31,"height":8}},{"id":"93ce10e6-8aef-43c0-8372-53b371200d29","block_type":"box","text":"£100,000","page_number":126,"box":{"x":126,"y":745,"width":69,"height":10}},{"id":"92c24142-b3f3-4962-81a0-930f36daeb55","block_type":"box","text":"Barclays 6.174% 29/07/2036","page_number":126,"box":{"x":230,"y":745,"width":213,"height":11}},{"id":"610f04da-f08f-4e82-99fa-7e467318d321","block_type":"box","text":"101,657","page_number":126,"box":{"x":741,"y":745,"width":58,"height":10}},{"id":"bd99c101-2053-442a-9803-41b55cb4a24b","block_type":"box","text":"0.09","page_number":126,"box":{"x":925,"y":745,"width":31,"height":9}},{"id":"de30382e-4d83-43c5-b692-88f7bacccef0","block_type":"box","text":"£480,000","page_number":126,"box":{"x":126,"y":760,"width":69,"height":11}},{"id":"876df875-b8f6-4bc1-bf98-20b17ff23905","block_type":"box","text":"Coventry Building Society 5.875% 12/03/2030","page_number":126,"box":{"x":230,"y":760,"width":340,"height":11}},{"id":"02aa6e96-1f1f-4cb0-a28c-fdd4e88e208b","block_type":"box","text":"491,041","page_number":126,"box":{"x":739,"y":760,"width":58,"height":11}},{"id":"cf281fc0-78de-45ca-bafc-f9d2219dcf90","block_type":"box","text":"0.44","page_number":126,"box":{"x":925,"y":760,"width":31,"height":9}},{"id":"4a212e78-a3a1-4ad6-848e-46fa02cca050","block_type":"box","text":"£500,000","page_number":126,"box":{"x":126,"y":776,"width":69,"height":10}},{"id":"1e39d76a-e7cd-4230-a507-573708e83c53","block_type":"box","text":"Credit","page_number":126,"box":{"x":230,"y":776,"width":43,"height":8}},{"id":"fec8086b-ae3f-4331-8b93-de72b2d10242","block_type":"box","text":"Agricole","page_number":126,"box":{"x":277,"y":776,"width":60,"height":11}},{"id":"d3471cc8-78af-40a2-96cc-b09824c0601e","block_type":"box","text":"5.375% 20/12/2037","page_number":126,"box":{"x":343,"y":776,"width":145,"height":9}},{"id":"4b6ff2bd-528e-42ea-8171-adf2cd42a695","block_type":"box","text":"488,272","page_number":126,"box":{"x":739,"y":776,"width":60,"height":10}},{"id":"150649c5-b86d-4f52-81b4-49dcf12c88ea","block_type":"box","text":"0.44","page_number":126,"box":{"x":925,"y":776,"width":31,"height":8}},{"id":"106390a5-20c6-487d-8f6a-632b9b73a3d7","block_type":"box","text":"£400,000","page_number":126,"box":{"x":126,"y":791,"width":69,"height":10}},{"id":"70ed85ce-5695-415b-9c5c-ad709bee9902","block_type":"box","text":"Credit","page_number":126,"box":{"x":230,"y":791,"width":43,"height":9}},{"id":"3b90567c-98a9-45bf-a338-ce283b039a32","block_type":"box","text":"Agricole","page_number":126,"box":{"x":277,"y":791,"width":60,"height":11}},{"id":"61ce7c5c-ab21-45fc-8193-2a7e13557e6f","block_type":"box","text":"5.50% 31/07/2032","page_number":126,"box":{"x":343,"y":791,"width":135,"height":9}},{"id":"34b01d47-8a3a-4434-af2e-e5ca25003523","block_type":"box","text":"405,552","page_number":126,"box":{"x":739,"y":791,"width":60,"height":10}},{"id":"02b9b44b-6a6b-4a92-8adc-314204fe3688","block_type":"box","text":"0.36","page_number":126,"box":{"x":925,"y":791,"width":31,"height":9}},{"id":"01a8da13-fe49-46f1-9564-f2649e60ca0e","block_type":"box","text":"£500,000","page_number":126,"box":{"x":126,"y":806,"width":69,"height":11}},{"id":"285503aa-0f69-43c2-8551-59b0b0faa8a5","block_type":"box","text":"Digital Stout Holding 3.75% 17/10/2030","page_number":126,"box":{"x":230,"y":806,"width":291,"height":12}},{"id":"e0664593-f7ce-466d-b8d6-92bacc41d44d","block_type":"box","text":"473,632","page_number":126,"box":{"x":739,"y":806,"width":60,"height":11}},{"id":"ce7d4a93-9315-4013-bae4-cae612495abb","block_type":"box","text":"0.43","page_number":126,"box":{"x":925,"y":806,"width":31,"height":9}},{"id":"1aa34e8e-c02f-4a19-b3ae-419effc9bbe7","block_type":"box","text":"£500,000","page_number":126,"box":{"x":126,"y":822,"width":69,"height":10}},{"id":"d6a2db5d-dd6e-4a27-804f-4d3894aa5bbd","block_type":"box","text":"DWR","page_number":126,"box":{"x":230,"y":822,"width":39,"height":8}},{"id":"2d4be2e2-b912-4dfe-80e5-f27278b0b202","block_type":"box","text":"Cymru","page_number":126,"box":{"x":274,"y":822,"width":48,"height":11}},{"id":"d4369b4a-4742-402c-bfab-dfd72b444955","block_type":"box","text":"Financing UK 2.375% 31/03/2034","page_number":126,"box":{"x":329,"y":822,"width":249,"height":11}},{"id":"d8f5a459-e44d-4a81-80a3-def6795f7fb3","block_type":"box","text":"382,518","page_number":126,"box":{"x":740,"y":822,"width":59,"height":10}},{"id":"5996a298-6625-451b-b83c-f0c639cffcd1","block_type":"box","text":"0.34","page_number":126,"box":{"x":925,"y":822,"width":31,"height":9}},{"id":"661ada22-8abc-433c-8f34-38e751a36913","block_type":"box","text":"£190,000","page_number":126,"box":{"x":126,"y":837,"width":69,"height":10}},{"id":"ca8ca8fe-0316-48c5-b55f-50d65a4321f6","block_type":"box","text":"E.ON International Finance 6.375% 07/06/2032","page_number":126,"box":{"x":230,"y":837,"width":351,"height":9}},{"id":"552e5fa7-b34c-47b1-b8c5-040b966bb380","block_type":"box","text":"201,381","page_number":126,"box":{"x":740,"y":837,"width":57,"height":10}},{"id":"d9b75981-87a6-4c8d-af0f-16113d55c216","block_type":"box","text":"0.18","page_number":126,"box":{"x":925,"y":837,"width":31,"height":9}},{"id":"d1c0524f-2bf5-441a-b859-95d6929e33a8","block_type":"box","text":"£450,000","page_number":126,"box":{"x":126,"y":852,"width":69,"height":11}},{"id":"895b4a98-f0ca-43c3-b92b-8daf75103845","block_type":"box","text":"Electricite","page_number":126,"box":{"x":230,"y":853,"width":71,"height":8}},{"id":"6adde323-77a9-4408-a14a-f2a1ff0dc143","block_type":"box","text":"de France 6.125% 02/06/2034","page_number":126,"box":{"x":302,"y":852,"width":229,"height":9}},{"id":"1961f17d-16d3-4402-bdaf-35d2d15f5e21","block_type":"box","text":"463,442","page_number":126,"box":{"x":739,"y":852,"width":60,"height":11}},{"id":"b1e41f2d-000c-49dc-886b-9def2f3f09b0","block_type":"box","text":"0.42","page_number":126,"box":{"x":925,"y":852,"width":31,"height":9}},{"id":"30722c25-436e-4ec2-9671-b59c6f64d2c0","block_type":"box","text":"£380,000","page_number":126,"box":{"x":126,"y":868,"width":69,"height":10}},{"id":"99010b88-527d-4f96-ac7b-231225744953","block_type":"box","text":"Goldman Sachs Group 7.25% 10/04/2028","page_number":126,"box":{"x":230,"y":868,"width":310,"height":11}},{"id":"f23564e4-a6b7-492c-a077-b75d79bc344d","block_type":"box","text":"396,491","page_number":126,"box":{"x":740,"y":868,"width":57,"height":10}},{"id":"97e57647-faa8-4188-a607-0d6a29a4537c","block_type":"box","text":"0.36","page_number":126,"box":{"x":925,"y":868,"width":31,"height":9}},{"id":"0b4577c0-2d3e-451c-8217-febf6933ba6b","block_type":"box","text":"£400,000","page_number":126,"box":{"x":126,"y":883,"width":69,"height":11}},{"id":"3c2d8fab-9b9c-4a3a-a3be-bca0e7de873c","block_type":"box","text":"HSBC Holdings 7.00% 07/04/2038","page_number":126,"box":{"x":230,"y":883,"width":256,"height":11}},{"id":"6e59d2d3-d83b-4e5b-9164-2b30970911ed","block_type":"box","text":"424,954","page_number":126,"box":{"x":739,"y":883,"width":60,"height":11}},{"id":"e90b938d-03e4-4992-8fc8-2eef584d561f","block_type":"box","text":"0.38","page_number":126,"box":{"x":925,"y":883,"width":31,"height":9}},{"id":"233f462b-e408-4c0f-b513-0429aa9f4839","block_type":"box","text":"£300,000","page_number":126,"box":{"x":126,"y":898,"width":69,"height":11}},{"id":"4ed58bc1-a4e8-4bd4-807f-2bd0904d2e65","block_type":"box","text":"Iberdrola","page_number":126,"box":{"x":230,"y":899,"width":64,"height":8}},{"id":"f58ae10c-fd43-401d-930c-e16344f0f1db","block_type":"box","text":"Finanzas","page_number":126,"box":{"x":301,"y":899,"width":66,"height":8}},{"id":"4284bc3c-35e3-4beb-a8b5-232254b24c85","block_type":"box","text":"5.25% 31/10/2036","page_number":126,"box":{"x":368,"y":898,"width":140,"height":9}},{"id":"6322c0e7-2ed6-4b19-81b7-e24e4dfef7ce","block_type":"box","text":"291,434","page_number":126,"box":{"x":740,"y":899,"width":59,"height":10}},{"id":"1b98581d-9ac1-4a7f-b328-5503dfa76eb4","block_type":"box","text":"0.26","page_number":126,"box":{"x":925,"y":899,"width":31,"height":8}},{"id":"63884b72-5d4c-4a7d-970b-fa0787baa850","block_type":"box","text":"£170,000","page_number":126,"box":{"x":126,"y":914,"width":69,"height":10}},{"id":"1af457cb-2dda-4a3f-9c95-50a2e3321d95","block_type":"box","text":"InterContinental Hotels Group 2.125% 24/08/2026","page_number":126,"box":{"x":230,"y":914,"width":370,"height":11}},{"id":"c63105d8-25d2-40dd-99d0-655285de576d","block_type":"box","text":"169,437","page_number":126,"box":{"x":741,"y":914,"width":58,"height":10}},{"id":"b90ad01e-e57b-43a9-ae95-246e5f949c84","block_type":"box","text":"0.15","page_number":126,"box":{"x":925,"y":914,"width":32,"height":9}},{"id":"42d0a6d9-c2e2-4675-b311-11a2bbbab919","block_type":"box","text":"£280,000","page_number":126,"box":{"x":126,"y":929,"width":69,"height":11}},{"id":"cd4676b4-436d-4cb3-8b1f-d2f9c22e8f1d","block_type":"box","text":"Intesa Sanpaolo 8.505% 20/09/2032","page_number":126,"box":{"x":230,"y":929,"width":270,"height":11}},{"id":"7e50f421-c8bb-4991-96ff-512144b3c974","block_type":"box","text":"321,255","page_number":126,"box":{"x":740,"y":929,"width":59,"height":11}},{"id":"22e3d4d7-eedb-42aa-969f-cbe0da306603","block_type":"box","text":"0.29","page_number":126,"box":{"x":925,"y":929,"width":31,"height":9}},{"id":"7093ccfd-10a2-4bc6-9309-9f520e0872d7","block_type":"box","text":"126","page_number":127,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"8e3481dc-7440-4d0a-bb85-58e55fdf4df8","block_type":"box","text":"127","page_number":127,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"86f563b7-36f6-479a-ac46-417dede6dd11","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":127,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"45ad5776-300e-4245-85db-c58a1684193e","block_type":"box","text":"Portfolio Statement (continued)","page_number":127,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"a9ddd6e4-0fa0-49b6-b4e7-b3489bad8745","block_type":"box","text":"Holding/Nominal Value","page_number":127,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"43bff5ca-57b3-4f01-9194-6df30ff5c9c2","block_type":"box","text":"Investment","page_number":127,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"f40558a9-4830-4dba-8611-002b4d8480aa","block_type":"box","text":"Market","page_number":127,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"14db4065-678e-4bab-8363-3ecf104d4d58","block_type":"box","text":"Value","page_number":127,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"144041a1-4391-41e0-be96-90a6c5c174d2","block_type":"box","text":"£","page_number":127,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"515ec6e7-19d9-4aba-bd3d-0cd146a628e3","block_type":"box","text":"% of","page_number":127,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"98c33fa3-88eb-4fea-9363-e79712ec9c4a","block_type":"box","text":"Net Assets","page_number":127,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"204fffe3-fce2-4500-9699-c8e322168f9b","block_type":"box","text":"Sterling Corporate Bonds (continued)","page_number":127,"box":{"x":42,"y":164,"width":299,"height":11}},{"id":"bf2fc03e-0fa1-4d3c-adde-5cda35a93db3","block_type":"box","text":"£490,000","page_number":127,"box":{"x":126,"y":183,"width":69,"height":10}},{"id":"69093bde-0ec5-4666-9d14-403451d4fe5f","block_type":"box","text":"Legal & General Group 3.75% 26/11/2049","page_number":127,"box":{"x":230,"y":183,"width":310,"height":11}},{"id":"5829dc63-5456-4d00-98fb-1a40ca92a11c","block_type":"box","text":"465,672","page_number":127,"box":{"x":739,"y":183,"width":60,"height":10}},{"id":"5a1baffd-abcf-4ba2-82cf-74224e20f629","block_type":"box","text":"0.42","page_number":127,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"3624c832-a612-48f6-b624-294e63facd03","block_type":"box","text":"£188,000","page_number":127,"box":{"x":126,"y":198,"width":69,"height":11}},{"id":"87c8e77a-730f-409c-83ab-314d61aaf995","block_type":"box","text":"Nationwide Building Society 5.50% 14/07/2036","page_number":127,"box":{"x":230,"y":198,"width":346,"height":11}},{"id":"3dc888b5-ad9e-453e-ad6d-df38af6b6939","block_type":"box","text":"187,611","page_number":127,"box":{"x":742,"y":198,"width":55,"height":11}},{"id":"bec89e05-db13-46e7-9074-9dee4bb50225","block_type":"box","text":"0.17","page_number":127,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"84cdc69b-e6d2-49fa-b2b6-2d1151154365","block_type":"box","text":"£400,000","page_number":127,"box":{"x":126,"y":213,"width":69,"height":11}},{"id":"e163fc10-c9e0-425d-9239-b0f87f6bb09b","block_type":"box","text":"Places for People Homes 5.875% 23/05/2031","page_number":127,"box":{"x":230,"y":213,"width":335,"height":12}},{"id":"1e357a4b-d0a2-4ed8-ac77-adb3fe168ee0","block_type":"box","text":"409,870","page_number":127,"box":{"x":739,"y":214,"width":60,"height":10}},{"id":"ce19f41b-8f46-44fa-b80d-dabd9b548e14","block_type":"box","text":"0.37","page_number":127,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"c81c076e-1df8-4676-b6ac-e5d6b94e8093","block_type":"box","text":"£124,000","page_number":127,"box":{"x":126,"y":229,"width":69,"height":10}},{"id":"e71e2a0b-955f-41e3-bf35-aaa6a94ef5a6","block_type":"box","text":"Realty Income 5.00% 15/10/2029","page_number":127,"box":{"x":230,"y":229,"width":246,"height":11}},{"id":"d5bbed02-f338-4762-892f-7b2d4d8708b4","block_type":"box","text":"124,522","page_number":127,"box":{"x":741,"y":229,"width":58,"height":10}},{"id":"30ba617c-6485-48cb-a1af-3ccba1764d46","block_type":"box","text":"0.11","page_number":127,"box":{"x":926,"y":229,"width":28,"height":9}},{"id":"1a940d93-fbd5-4ccf-80b4-98fbe5e8f1d2","block_type":"box","text":"£389,000","page_number":127,"box":{"x":126,"y":244,"width":69,"height":11}},{"id":"1f8fbd72-5471-4822-bc16-87cf170687ae","block_type":"box","text":"Unite Group 5.625% 25/06/2032","page_number":127,"box":{"x":230,"y":244,"width":239,"height":11}},{"id":"795862a9-27c0-429d-a9d6-7a53bc8a5133","block_type":"box","text":"390,381","page_number":127,"box":{"x":740,"y":244,"width":57,"height":11}},{"id":"8d338437-fdaf-4578-b6b9-caa80914b6ba","block_type":"box","text":"0.35","page_number":127,"box":{"x":925,"y":244,"width":32,"height":9}},{"id":"059611c1-de4d-43b9-a346-3a5ccc90690a","block_type":"box","text":"£390,000","page_number":127,"box":{"x":126,"y":260,"width":69,"height":10}},{"id":"05de3662-47a1-40dd-ae7b-4c26a35dc41b","block_type":"box","text":"United Utilities Water 5.625% 20/12/2027","page_number":127,"box":{"x":230,"y":260,"width":304,"height":9}},{"id":"baf37ee3-5e73-4682-8bcf-af0cbf4303c5","block_type":"box","text":"394,551","page_number":127,"box":{"x":740,"y":260,"width":57,"height":10}},{"id":"f31d454a-d28f-47f3-abba-2a4231f1744d","block_type":"box","text":"0.35","page_number":127,"box":{"x":925,"y":260,"width":32,"height":8}},{"id":"f86cca52-d548-4bb0-8800-ece810498824","block_type":"box","text":"£122,000","page_number":127,"box":{"x":126,"y":275,"width":69,"height":10}},{"id":"49b48522-306d-4da1-a522-545846b07b30","block_type":"box","text":"United Utilities Water Finance 5.75% 26/06/2036","page_number":127,"box":{"x":230,"y":275,"width":360,"height":9}},{"id":"30a8d61d-c73d-4142-a8c0-3bc9337ceb14","block_type":"box","text":"120,524","page_number":127,"box":{"x":741,"y":275,"width":58,"height":10}},{"id":"ff9048ad-9f8f-403b-bfa4-71e934267df0","block_type":"box","text":"0.11","page_number":127,"box":{"x":926,"y":275,"width":28,"height":9}},{"id":"3f24e77a-9773-4797-909c-677e9e1dfb44","block_type":"box","text":"£288,000","page_number":127,"box":{"x":126,"y":290,"width":69,"height":11}},{"id":"0c68b57c-b0cf-4740-971a-8d4e7be17f60","block_type":"box","text":"Verizon Communications 5.742% 15/06/2056","page_number":127,"box":{"x":229,"y":290,"width":335,"height":9}},{"id":"ede5de7d-f946-4fc0-b31b-02a047b4ecf5","block_type":"box","text":"286,449","page_number":127,"box":{"x":740,"y":290,"width":59,"height":11}},{"id":"d67e3b13-c323-417a-8600-4e57978356da","block_type":"box","text":"0.26","page_number":127,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"0fe151a4-d4a2-4252-8b99-05f4b9665ff6","block_type":"box","text":"£243,000","page_number":127,"box":{"x":126,"y":306,"width":69,"height":10}},{"id":"e783abda-b806-42a0-95e8-42b36f07f53d","block_type":"box","text":"Verizon Communications 5.743% 15/08/2056","page_number":127,"box":{"x":229,"y":306,"width":335,"height":9}},{"id":"be0636ad-b0c2-4f62-9494-a09bc8b195d9","block_type":"box","text":"238,990","page_number":127,"box":{"x":740,"y":306,"width":59,"height":10}},{"id":"ce8b97d2-3a65-4efc-8a2f-614d39fa1d38","block_type":"box","text":"0.22","page_number":127,"box":{"x":925,"y":306,"width":31,"height":9}},{"id":"68d405ed-fe4a-4540-8705-5d92428f70d6","block_type":"box","text":"£400,000","page_number":127,"box":{"x":126,"y":335,"width":69,"height":11}},{"id":"8f49df22-ed84-4b2f-a429-58ed0fd85236","block_type":"box","text":"Zurich Finance Ireland Designated Activity 5.125%","page_number":127,"box":{"x":229,"y":321,"width":380,"height":11}},{"id":"6488e217-bd87-41d3-a03d-a365fb9633fb","block_type":"box","text":"23/11/2052","page_number":127,"box":{"x":229,"y":335,"width":82,"height":9}},{"id":"54f42a7f-76ce-478f-aa92-3fa96f13d077","block_type":"box","text":"392,678","page_number":127,"box":{"x":740,"y":335,"width":59,"height":11}},{"id":"e25bbea8-07e5-4781-80d7-6e428d0ff974","block_type":"box","text":"0.35","page_number":127,"box":{"x":925,"y":335,"width":32,"height":9}},{"id":"6fc59609-d964-4fd3-a6e3-921c0aaf2f55","block_type":"box","text":"9,670,371","page_number":127,"box":{"x":726,"y":353,"width":71,"height":11}},{"id":"41696d1e-b40f-4480-ae29-9d7293545310","block_type":"box","text":"8.68","page_number":127,"box":{"x":925,"y":353,"width":31,"height":9}},{"id":"ded3f372-23e1-4d4b-a467-21e61720cd69","block_type":"box","text":"Sterling Government Agencies, Supra","page_number":127,"box":{"x":42,"y":384,"width":301,"height":11}},{"id":"1da06093-cfda-42fc-bf8d-d9e7ce3f0716","block_type":"box","text":"0.00% (31 December 2025 - 0.63%)","page_number":127,"box":{"x":344,"y":384,"width":276,"height":11}},{"id":"a259ed07-7313-4ab6-b99e-861683e51240","block_type":"box","text":"UK Gilts","page_number":127,"box":{"x":43,"y":419,"width":64,"height":8}},{"id":"e24a73df-b994-4fa2-8fe9-70b23250109e","block_type":"box","text":"18.28% (31 December 2025 - 22.59%)","page_number":127,"box":{"x":108,"y":419,"width":295,"height":11}},{"id":"6d8edcb1-73c8-46d0-8cc4-bae5918a2531","block_type":"box","text":"£3,059,500","page_number":127,"box":{"x":112,"y":437,"width":83,"height":11}},{"id":"bab0117e-b6d8-4526-b0a9-a5939eaa3515","block_type":"box","text":"United Kingdom Gilt 4.125% 29/01/2027","page_number":127,"box":{"x":230,"y":437,"width":298,"height":12}},{"id":"7e33887c-4b73-4603-8f44-3cd6d810b49f","block_type":"box","text":"3,061,944","page_number":127,"box":{"x":726,"y":437,"width":73,"height":11}},{"id":"0040bac6-c193-4b8d-92b1-3c233b52fb6c","block_type":"box","text":"2.75","page_number":127,"box":{"x":925,"y":437,"width":32,"height":9}},{"id":"16ac40d1-55be-48e2-8cfa-5792ed2c0905","block_type":"box","text":"£4,707,400","page_number":127,"box":{"x":112,"y":453,"width":83,"height":10}},{"id":"89a856e6-cd5c-40a2-b134-e171ca266341","block_type":"box","text":"United Kingdom Gilt 4.25% 07/06/2032","page_number":127,"box":{"x":230,"y":453,"width":288,"height":11}},{"id":"381f98bd-a9ee-4cca-9c4f-d2fa78c6f882","block_type":"box","text":"4,681,540","page_number":127,"box":{"x":725,"y":453,"width":74,"height":10}},{"id":"d1818b33-6815-463e-8d7c-88d5539ba4bb","block_type":"box","text":"4.20","page_number":127,"box":{"x":925,"y":453,"width":31,"height":9}},{"id":"742bde59-2e3f-4a14-b040-8e96057912c8","block_type":"box","text":"£5,199,000","page_number":127,"box":{"x":112,"y":468,"width":83,"height":10}},{"id":"08a7a801-0751-4b1c-8901-9eb4ab2ddff6","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":127,"box":{"x":230,"y":468,"width":288,"height":11}},{"id":"271f901f-b9e9-4da5-adcc-25acc1820f20","block_type":"box","text":"5,153,126","page_number":127,"box":{"x":726,"y":468,"width":73,"height":10}},{"id":"8c0c50ac-fcff-4c29-90ec-ffaf033bca3e","block_type":"box","text":"4.63","page_number":127,"box":{"x":925,"y":468,"width":31,"height":9}},{"id":"a9439c9d-5ca5-4343-91a4-a5d6c11fcb30","block_type":"box","text":"£2,415,800","page_number":127,"box":{"x":112,"y":483,"width":83,"height":11}},{"id":"65eda66f-01be-4307-89cd-8585165164b1","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2035","page_number":127,"box":{"x":230,"y":483,"width":288,"height":12}},{"id":"0b36bb81-a59e-4e7a-adfa-62d34e1e0f23","block_type":"box","text":"2,409,949","page_number":127,"box":{"x":726,"y":483,"width":73,"height":11}},{"id":"525a41ab-3022-455e-beb0-84a28335e663","block_type":"box","text":"2.17","page_number":127,"box":{"x":925,"y":483,"width":31,"height":9}},{"id":"d8b72faf-f141-4d0f-b68b-2e23b72053c2","block_type":"box","text":"£4,832,683","page_number":127,"box":{"x":112,"y":499,"width":83,"height":10}},{"id":"83d9c880-e7ea-430e-ab03-8b70ef685dba","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":127,"box":{"x":230,"y":499,"width":288,"height":11}},{"id":"dd442018-fbc2-4ab6-bd35-df73bba5e533","block_type":"box","text":"5,049,525","page_number":127,"box":{"x":726,"y":499,"width":73,"height":10}},{"id":"31acfbf8-d18d-41bb-9d35-f7de438c342b","block_type":"box","text":"4.53","page_number":127,"box":{"x":925,"y":499,"width":31,"height":9}},{"id":"18395f69-afd4-418a-b313-1041b15981c8","block_type":"box","text":"20,356,084","page_number":127,"box":{"x":716,"y":517,"width":84,"height":10}},{"id":"dfbda38a-34d3-44e6-bb25-d5d8df0dba8e","block_type":"box","text":"18.28","page_number":127,"box":{"x":916,"y":517,"width":40,"height":8}},{"id":"20d03018-a705-4368-86e6-2dae01458c81","block_type":"box","text":"Forward Currency Contracts","page_number":127,"box":{"x":43,"y":548,"width":226,"height":11}},{"id":"813e3c4a-5763-4c9e-9f54-3983bb30454c","block_type":"box","text":"-0.06% (31 December 2025 - 0.16%)","page_number":127,"box":{"x":270,"y":548,"width":281,"height":11}},{"id":"b1ac07c0-3f84-45e0-a712-de7f2fc4913a","block_type":"box","text":"AUD (2,012,500)","page_number":127,"box":{"x":69,"y":566,"width":126,"height":12}},{"id":"105ecfa8-aecf-4f43-851e-a682a25dfc6e","block_type":"box","text":"Sold AUD, Bought GBP 1,052,563 for settlement on","page_number":127,"box":{"x":229,"y":566,"width":389,"height":12}},{"id":"a582bd14-098a-4708-b509-beae2b9ba2c3","block_type":"box","text":"17/09/2026","page_number":127,"box":{"x":231,"y":581,"width":81,"height":8}},{"id":"a8764c2a-c655-469e-bd8d-f3409ac8c254","block_type":"box","text":"8,918","page_number":127,"box":{"x":759,"y":581,"width":40,"height":10}},{"id":"63e4cd8d-de18-4e4e-8e24-8c7427375c98","block_type":"box","text":"0.01","page_number":127,"box":{"x":925,"y":581,"width":29,"height":8}},{"id":"b881e37d-ac24-493d-b588-419f317a6103","block_type":"box","text":"EUR (4,032,600)","page_number":127,"box":{"x":71,"y":596,"width":124,"height":11}},{"id":"900cf060-1084-48ae-806e-569d51246485","block_type":"box","text":"Sold EUR, Bought GBP 3,499,813 for settlement on","page_number":127,"box":{"x":229,"y":596,"width":390,"height":11}},{"id":"e8132a6f-f806-411c-88d9-f15251a63cf4","block_type":"box","text":"17/09/2026","page_number":127,"box":{"x":231,"y":610,"width":81,"height":9}},{"id":"609f6040-d789-4ba7-9d39-2ab1179204ae","block_type":"box","text":"35,514","page_number":127,"box":{"x":749,"y":610,"width":50,"height":11}},{"id":"7c0ea6dd-2af3-4875-be25-022ed23edf77","block_type":"box","text":"0.03","page_number":127,"box":{"x":925,"y":610,"width":31,"height":9}},{"id":"6f1d20c0-a6ea-474a-9efb-05b42884e205","block_type":"box","text":"USD 3,042,000","page_number":127,"box":{"x":82,"y":626,"width":113,"height":10}},{"id":"c62db006-96a6-42ae-9122-06fbab1d0e07","block_type":"box","text":"Bought USD, Sold GBP 2,312,780 for settlement on","page_number":127,"box":{"x":230,"y":626,"width":389,"height":11}},{"id":"6bb21821-5ee3-4413-afb0-b53d919487e0","block_type":"box","text":"17/09/2026","page_number":127,"box":{"x":231,"y":640,"width":81,"height":9}},{"id":"7da822ec-ef37-4d2a-8b6b-91eb3c68cadb","block_type":"box","text":"(35,365)","page_number":127,"box":{"x":738,"y":640,"width":61,"height":11}},{"id":"7ca3529d-0315-44ca-a2d7-796ec6815e4f","block_type":"box","text":"(0.03)","page_number":127,"box":{"x":914,"y":640,"width":43,"height":11}},{"id":"2d94c3a3-65f0-4799-8a29-f2945bde2498","block_type":"box","text":"JPY (279,430,800)","page_number":127,"box":{"x":56,"y":655,"width":139,"height":11}},{"id":"96216440-1952-4d9d-b956-b54110825f2c","block_type":"box","text":"Sold JPY, Bought GBP 1,308,037 for settlement on","page_number":127,"box":{"x":229,"y":655,"width":383,"height":11}},{"id":"c2d1c140-3bf9-4a36-9b7f-e8b2be8a32b5","block_type":"box","text":"17/09/2026","page_number":127,"box":{"x":231,"y":669,"width":81,"height":9}},{"id":"5a252bb8-c3ad-4db2-92e1-9a97369559b9","block_type":"box","text":"3,868","page_number":127,"box":{"x":759,"y":670,"width":40,"height":10}},{"id":"5b3b948c-07c0-4cfd-910b-c336b742e579","block_type":"box","text":"–","page_number":127,"box":{"x":948,"y":675,"width":9,"height":1}},{"id":"c85a85fc-9d6a-4c41-9bba-8e5614f7e441","block_type":"box","text":"USD (23,729,300)","page_number":127,"box":{"x":61,"y":685,"width":134,"height":11}},{"id":"7340f35a-70eb-4417-a34c-466667f37d84","block_type":"box","text":"Sold USD, Bought GBP 17,682,437 for settlement on","page_number":127,"box":{"x":229,"y":685,"width":399,"height":11}},{"id":"427a53e9-cc3d-45d9-9c56-fb43b2efd4e4","block_type":"box","text":"17/09/2026","page_number":127,"box":{"x":231,"y":699,"width":81,"height":9}},{"id":"535e032e-883b-4f2c-9927-499be1bdb27f","block_type":"box","text":"(82,678)","page_number":127,"box":{"x":738,"y":699,"width":61,"height":11}},{"id":"11b278b5-76e9-4996-acd7-b6b72890da62","block_type":"box","text":"(0.07)","page_number":127,"box":{"x":914,"y":699,"width":43,"height":11}},{"id":"c6bd2ba9-5bb0-4b5b-b15d-8c06eee5d287","block_type":"box","text":"(69,743)","page_number":127,"box":{"x":738,"y":717,"width":61,"height":11}},{"id":"1fb135df-8098-4745-b743-e0709877efb3","block_type":"box","text":"(0.06)","page_number":127,"box":{"x":914,"y":717,"width":42,"height":11}},{"id":"327bc15b-dd00-47ff-8074-55d4e9d3cf95","block_type":"box","text":"Total Value of Investments 98.63%","page_number":127,"box":{"x":229,"y":758,"width":271,"height":8}},{"id":"e6bd75e0-6a9b-4972-88f2-9f79a56ad0c8","block_type":"box","text":"(31 December 2025 - 97.84%)","page_number":127,"box":{"x":230,"y":773,"width":227,"height":11}},{"id":"55f35e66-0fa1-48ce-9a7e-e9322b6d7ec0","block_type":"box","text":"109,851,006","page_number":127,"box":{"x":708,"y":773,"width":91,"height":10}},{"id":"a076334a-9b01-407d-b95f-eb145ca3d453","block_type":"box","text":"98.63","page_number":127,"box":{"x":916,"y":773,"width":40,"height":9}},{"id":"974ff799-0238-42e8-8ae1-8717ca69c0bc","block_type":"box","text":"Net Other Assets","page_number":127,"box":{"x":230,"y":788,"width":134,"height":9}},{"id":"3bfbfc22-ff87-4bb7-9455-5e5ce5fac2b5","block_type":"box","text":"1,529,462","page_number":127,"box":{"x":727,"y":788,"width":72,"height":11}},{"id":"9fe47828-d30a-43d7-a222-b0e744349582","block_type":"box","text":"1.37","page_number":127,"box":{"x":926,"y":788,"width":30,"height":9}},{"id":"83174996-4e6b-42cc-8d0e-5e8ce74f5bef","block_type":"box","text":"Net assets","page_number":127,"box":{"x":230,"y":806,"width":82,"height":9}},{"id":"3911d9a2-04ca-4151-b1cd-a3cd173aac3b","block_type":"box","text":"111,380,468","page_number":127,"box":{"x":710,"y":806,"width":89,"height":11}},{"id":"87f74aa3-1587-48d9-8151-833dd22e5dfd","block_type":"box","text":"100.00","page_number":127,"box":{"x":907,"y":806,"width":49,"height":9}},{"id":"71a90f49-b528-4192-9887-ca1695b39add","block_type":"box","text":"All holdings are ordinary shares of stock or bonds and are listed on an official stock exchange unless otherwise stated.","page_number":127,"box":{"x":42,"y":843,"width":876,"height":11}},{"id":"15ec545f-0931-4209-99a9-2273d0fea1a5","block_type":"box","text":"127","page_number":128,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"4e5fdcc6-6cd0-4fac-b1aa-1115bb7786bc","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":128,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"b21de346-167d-4159-bcec-77907aa2d076","block_type":"box","text":"Portfolio Statement (continued)","page_number":128,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"f1b5fb51-5de6-4a66-9fbe-ac2f77eae53e","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":128,"box":{"x":42,"y":120,"width":416,"height":9}},{"id":"06eeabc6-6774-450e-b39f-fb6067058614","block_type":"box","text":"Bonds","page_number":128,"box":{"x":230,"y":136,"width":46,"height":8}},{"id":"03b4b849-2d95-470c-b5f7-db9d9a164010","block_type":"box","text":"36,484,321","page_number":128,"box":{"x":717,"y":136,"width":80,"height":10}},{"id":"b885793f-7c59-4a0c-b5c7-f87b60154b20","block_type":"box","text":"32.76","page_number":128,"box":{"x":916,"y":136,"width":40,"height":8}},{"id":"4f410ad9-73a3-44e3-9ae1-c25e4e2ce915","block_type":"box","text":"Collective Investment Schemes","page_number":128,"box":{"x":230,"y":151,"width":233,"height":9}},{"id":"0a9371c7-49e2-4be4-b4cf-fef2d3727560","block_type":"box","text":"25,499,617","page_number":128,"box":{"x":717,"y":151,"width":82,"height":10}},{"id":"046b3bfc-946f-49e0-985c-4be6572588c8","block_type":"box","text":"22.90","page_number":128,"box":{"x":916,"y":151,"width":40,"height":9}},{"id":"28544b1c-efd4-4baa-80c9-6bbdd2a045ca","block_type":"box","text":"Equities","page_number":128,"box":{"x":230,"y":166,"width":58,"height":11}},{"id":"c3108432-86a9-4ac3-b6c5-355b2929e7a4","block_type":"box","text":"47,936,811","page_number":128,"box":{"x":718,"y":166,"width":79,"height":11}},{"id":"a6cf945b-876b-478b-bd0f-d97b0a52c7e4","block_type":"box","text":"43.03","page_number":128,"box":{"x":915,"y":166,"width":41,"height":9}},{"id":"79df07f8-90ea-4cbc-b32d-fdd3f36061a5","block_type":"box","text":"Forward Currency Contracts","page_number":128,"box":{"x":230,"y":182,"width":209,"height":11}},{"id":"8ac51fa1-0505-423a-878a-c88f18f108ee","block_type":"box","text":"(69,743)","page_number":128,"box":{"x":739,"y":182,"width":61,"height":11}},{"id":"3d4df734-9d80-4cba-bcca-5be899fd41b3","block_type":"box","text":"(0.06)","page_number":128,"box":{"x":914,"y":182,"width":43,"height":11}},{"id":"32b01128-9f7e-424f-b82a-0efb27542e38","block_type":"box","text":"Net Other Assets","page_number":128,"box":{"x":230,"y":197,"width":125,"height":9}},{"id":"80baf322-6a40-4d0e-91d3-0c011de853b8","block_type":"box","text":"1,529,462","page_number":128,"box":{"x":727,"y":197,"width":72,"height":10}},{"id":"55117e28-e9f7-4ed1-b195-8f3a21a3c9d7","block_type":"box","text":"1.37","page_number":128,"box":{"x":926,"y":197,"width":30,"height":9}},{"id":"5e406f5c-e3d5-4b3f-99f7-6419a156e892","block_type":"box","text":"111,380,468","page_number":128,"box":{"x":710,"y":215,"width":89,"height":10}},{"id":"7a56b192-abca-4c83-8dfc-4a22bb5f180e","block_type":"box","text":"100.00","page_number":128,"box":{"x":907,"y":215,"width":49,"height":9}},{"id":"e14017b8-a41d-4ddf-8247-b0e92bcdeb0f","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":128,"box":{"x":43,"y":247,"width":677,"height":12}},{"id":"efcc3d7f-2403-4bde-b6c4-50929188913e","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":128,"box":{"x":230,"y":263,"width":405,"height":11}},{"id":"172c2be4-bb62-4acc-93ff-6c22908b56a6","block_type":"box","text":"96.63","page_number":128,"box":{"x":916,"y":263,"width":40,"height":9}},{"id":"d0070ce9-f2f3-4797-b40f-65e999556f05","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":128,"box":{"x":230,"y":278,"width":403,"height":11}},{"id":"5ecf3ee0-02fa-459f-9c04-1391f741ac39","block_type":"box","text":"(sub BBB- or unrated)","page_number":128,"box":{"x":230,"y":292,"width":162,"height":12}},{"id":"2091af71-5c4e-472d-a73c-2ca26657ddba","block_type":"box","text":"3.37","page_number":128,"box":{"x":925,"y":293,"width":31,"height":8}},{"id":"25cf3e9f-2738-4c29-8b5f-bbcefaca0d88","block_type":"box","text":"100.00","page_number":128,"box":{"x":907,"y":311,"width":49,"height":8}},{"id":"5578b9e6-d008-404d-95be-9263b4860bc5","block_type":"box","text":"128","page_number":129,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"c72b65a2-3e70-4874-abf2-76e7cf452fda","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":129,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"fb3e7e69-afe5-478d-b548-165fa8e31a0d","block_type":"box","text":"Statement of Total Return","page_number":129,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"cc9298b8-e7db-4fe1-b089-95eac0cdd063","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":129,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"811f9a3d-1673-432e-9455-24824813bf8b","block_type":"box","text":"03.07.2026","page_number":129,"box":{"x":639,"y":125,"width":66,"height":7}},{"id":"d8d7aadd-1bb7-42a6-90a8-5e0798b30a44","block_type":"box","text":"1","page_number":129,"box":{"x":706,"y":125,"width":3,"height":4}},{"id":"e314421a-0848-488b-b831-531e2480c927","block_type":"box","text":"30.06.2025","page_number":129,"box":{"x":890,"y":125,"width":67,"height":7}},{"id":"d4e9ea2e-07a5-4e95-a2aa-9d285668adf1","block_type":"box","text":"£","page_number":129,"box":{"x":579,"y":140,"width":7,"height":7}},{"id":"db29e233-1b1c-4e89-88ab-224877f0e16b","block_type":"box","text":"£","page_number":129,"box":{"x":702,"y":140,"width":8,"height":7}},{"id":"5a95890b-97af-4338-8d13-4d583e583e91","block_type":"box","text":"£","page_number":129,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"3a37735e-4688-4572-af05-aa06d15dff9b","block_type":"box","text":"£","page_number":129,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"7046d99a-b280-4976-9d31-f2aaef7dadfa","block_type":"box","text":"Income","page_number":129,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"1c846d41-23ae-4d81-9fd4-3608a46648c2","block_type":"box","text":"Net capital gains/(losses)","page_number":129,"box":{"x":55,"y":193,"width":186,"height":12}},{"id":"e6f8b586-34d9-46aa-bf08-b9424760d47c","block_type":"box","text":"2,333,006","page_number":129,"box":{"x":636,"y":193,"width":73,"height":11}},{"id":"7ca6a8f0-5cb0-42e4-a8b0-7e798bad156a","block_type":"box","text":"(1,636,823)","page_number":129,"box":{"x":872,"y":193,"width":85,"height":12}},{"id":"4c5fb5c1-456b-4cac-ae90-2ccb67513145","block_type":"box","text":"Revenue","page_number":129,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"81b8147e-a40c-4cbb-8b97-8842db3a1038","block_type":"box","text":"1,698,009","page_number":129,"box":{"x":513,"y":210,"width":72,"height":10}},{"id":"6a9571c0-5388-4e34-89a7-09ba12342f12","block_type":"box","text":"2,004,802","page_number":129,"box":{"x":759,"y":210,"width":74,"height":10}},{"id":"7c53fde4-0ba2-4a12-ad5e-453498b96cd2","block_type":"box","text":"Expenses","page_number":129,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"8ea793ea-a9fa-4ac1-b285-830a51cf8259","block_type":"box","text":"(235,355)","page_number":129,"box":{"x":515,"y":225,"width":70,"height":12}},{"id":"f799e12e-25ab-4964-903c-2e2bee358c46","block_type":"box","text":"(261,706)","page_number":129,"box":{"x":763,"y":225,"width":70,"height":12}},{"id":"8d690141-84b4-46a1-a9de-9d57d62ce61c","block_type":"box","text":"Interest payable and similar expenses","page_number":129,"box":{"x":43,"y":242,"width":280,"height":11}},{"id":"5e706e74-378b-4f9f-b8f0-296e75f8cc76","block_type":"box","text":"(69)","page_number":129,"box":{"x":557,"y":242,"width":28,"height":11}},{"id":"56d8e5cc-53b6-4885-b2cf-1b039e7c98fd","block_type":"box","text":"(102)","page_number":129,"box":{"x":795,"y":242,"width":38,"height":11}},{"id":"d55d86a9-5a29-4b1b-889e-c1d5278eae76","block_type":"box","text":"Net revenue before taxation","page_number":129,"box":{"x":43,"y":262,"width":205,"height":9}},{"id":"d0ae9420-7e0c-4a8d-881b-6e9cf31b68de","block_type":"box","text":"1,462,585","page_number":129,"box":{"x":513,"y":262,"width":72,"height":10}},{"id":"96197ed8-f836-4990-a1e5-e7bdd543d20e","block_type":"box","text":"1,742,994","page_number":129,"box":{"x":761,"y":262,"width":72,"height":10}},{"id":"98e42e46-e25f-42dc-834c-9890ef9217fc","block_type":"box","text":"Taxation","page_number":129,"box":{"x":42,"y":278,"width":61,"height":9}},{"id":"0a962313-1e92-4e1c-abf4-d9d7a70893dc","block_type":"box","text":"(225,407)","page_number":129,"box":{"x":515,"y":278,"width":70,"height":11}},{"id":"4d8e6578-f2ca-4a36-9e73-098e68dfae73","block_type":"box","text":"(306,326)","page_number":129,"box":{"x":763,"y":278,"width":70,"height":11}},{"id":"ea0aa7ae-bc9b-487a-945d-50c4e3b3b3b5","block_type":"box","text":"Net revenue after taxation for the period","page_number":129,"box":{"x":43,"y":294,"width":317,"height":11}},{"id":"f44449cc-cf5f-4ae0-b5eb-783db65f7bda","block_type":"box","text":"1,237,178","page_number":129,"box":{"x":637,"y":294,"width":72,"height":11}},{"id":"088bdaa9-74b2-4f90-8c73-6056cf1eab7d","block_type":"box","text":"1,436,668","page_number":129,"box":{"x":884,"y":294,"width":72,"height":11}},{"id":"f3a878c8-47b2-4a18-b7f6-5aa914216afa","block_type":"box","text":"Total returns before distributions","page_number":129,"box":{"x":42,"y":315,"width":263,"height":8}},{"id":"b627680f-cc89-4eca-9037-bf4960a141aa","block_type":"box","text":"3,570,184","page_number":129,"box":{"x":636,"y":315,"width":73,"height":10}},{"id":"f31594e7-4ec6-4058-b50a-49a99a00a2b8","block_type":"box","text":"(200,155)","page_number":129,"box":{"x":886,"y":315,"width":71,"height":11}},{"id":"4e38352b-013c-45a4-9f99-5331ea0eb49a","block_type":"box","text":"Distributions","page_number":129,"box":{"x":43,"y":331,"width":91,"height":8}},{"id":"8d4c8009-ebde-4b98-9473-24fd1fe6ffe6","block_type":"box","text":"(1,408,227)","page_number":129,"box":{"x":625,"y":331,"width":84,"height":11}},{"id":"57246dfa-9332-48ba-b130-af9dd47f3f23","block_type":"box","text":"(1,582,273)","page_number":129,"box":{"x":872,"y":331,"width":85,"height":11}},{"id":"d89d2471-ac4f-48e1-8d32-f37d48fd5fb2","block_type":"box","text":"Change in net assets attributable to","page_number":129,"box":{"x":43,"y":365,"width":288,"height":12}},{"id":"eaf30893-4bb9-4976-97f8-b5e074ad951f","block_type":"box","text":"shareholders from investment activities","page_number":129,"box":{"x":54,"y":380,"width":316,"height":8}},{"id":"1a993c0e-09ff-42d2-a0b8-5946606c975f","block_type":"box","text":"2,161,957","page_number":129,"box":{"x":636,"y":378,"width":73,"height":10}},{"id":"b7358f3d-7586-4710-bc49-8513113ac796","block_type":"box","text":"(1,782,428)","page_number":129,"box":{"x":872,"y":378,"width":85,"height":11}},{"id":"7fe3cc94-1db5-46ef-9f9a-55672c460978","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":129,"box":{"x":43,"y":422,"width":620,"height":14}},{"id":"924d35f7-e03f-49e6-b932-7319fcc1e24c","block_type":"box","text":"F","page_number":129,"box":{"x":43,"y":438,"width":8,"height":9}},{"id":"bdcdde01-7f7b-4d48-b6e2-fa7664a74bd1","block_type":"box","text":"or the period ended","page_number":129,"box":{"x":53,"y":438,"width":149,"height":11}},{"id":"c7d8ec6c-f905-41eb-b250-e5ca52215ea1","block_type":"box","text":"3 July 2026","page_number":129,"box":{"x":203,"y":438,"width":85,"height":11}},{"id":"c75dc12f-1bc9-46e4-ab6a-ddcedd3aafbf","block_type":"box","text":"(unaudited)","page_number":129,"box":{"x":294,"y":438,"width":83,"height":11}},{"id":"9269178a-9824-42f7-9f28-d50f04c8f10f","block_type":"box","text":"03.07.2026","page_number":129,"box":{"x":636,"y":468,"width":66,"height":7}},{"id":"4754abe6-a50d-4482-a53f-a706d71ed77d","block_type":"box","text":"1","page_number":129,"box":{"x":703,"y":468,"width":2,"height":4}},{"id":"1a61e7ba-5db4-4a22-8ecc-ec47621b895c","block_type":"box","text":"30.06.2025","page_number":129,"box":{"x":888,"y":468,"width":66,"height":7}},{"id":"58b3dee8-9b4c-4998-bdc6-ef2658ca5870","block_type":"box","text":"£","page_number":129,"box":{"x":578,"y":483,"width":8,"height":7}},{"id":"f6ef616f-14f7-4287-8b89-8c210962e08e","block_type":"box","text":"£","page_number":129,"box":{"x":699,"y":483,"width":7,"height":7}},{"id":"4e18d484-22ef-40ad-8ad7-9ce04b8e9d86","block_type":"box","text":"£","page_number":129,"box":{"x":826,"y":483,"width":7,"height":7}},{"id":"7c05f30d-5de6-4e17-8a4a-7da17576a7e1","block_type":"box","text":"£","page_number":129,"box":{"x":947,"y":483,"width":7,"height":7}},{"id":"db743a04-0451-467f-8c68-7f146c3e1def","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":129,"box":{"x":43,"y":520,"width":380,"height":11}},{"id":"f05fcc74-2b6b-45b2-9fac-c26b66760f61","block_type":"box","text":"2","page_number":129,"box":{"x":424,"y":520,"width":4,"height":5}},{"id":"fd4f2319-1c82-461a-bdb2-08f4729b3a7f","block_type":"box","text":"106,755,464","page_number":129,"box":{"x":618,"y":520,"width":91,"height":11}},{"id":"c2b06855-d617-4cfe-a161-121237978438","block_type":"box","text":"134,188,763","page_number":129,"box":{"x":866,"y":520,"width":90,"height":11}},{"id":"a5bb20f1-545c-4a0a-955e-c3e941b9969e","block_type":"box","text":"Issue of shares","page_number":129,"box":{"x":43,"y":536,"width":112,"height":9}},{"id":"756df658-3c36-4bfa-8a20-474430b481ea","block_type":"box","text":"12,322,732","page_number":129,"box":{"x":500,"y":536,"width":81,"height":11}},{"id":"2a5eac21-0a92-4b24-b63b-0fed4edcec43","block_type":"box","text":"2,197,626","page_number":129,"box":{"x":756,"y":536,"width":73,"height":11}},{"id":"43114ee0-f176-4c9a-a1ab-98d41d53a7a6","block_type":"box","text":"Cancellation of shares","page_number":129,"box":{"x":43,"y":552,"width":164,"height":9}},{"id":"f1c2636b-011d-435c-8bd4-fd530b427b99","block_type":"box","text":"(10,056,519)","page_number":129,"box":{"x":494,"y":552,"width":91,"height":12}},{"id":"c36a1884-0597-4e4d-8a06-42b4e5ea3e08","block_type":"box","text":"(15,485,921)","page_number":129,"box":{"x":741,"y":552,"width":92,"height":12}},{"id":"cbb8fd01-2b62-40ee-8b38-d0a0a32f5ae3","block_type":"box","text":"2,266,213","page_number":129,"box":{"x":635,"y":569,"width":74,"height":10}},{"id":"d32d8649-c2fc-4b80-badf-ca7f93dbdb05","block_type":"box","text":"(13,288,295)","page_number":129,"box":{"x":863,"y":568,"width":94,"height":12}},{"id":"cbcdb6e3-c582-44f5-b48d-429ec09e7601","block_type":"box","text":"Single swing price adjustment","page_number":129,"box":{"x":43,"y":584,"width":221,"height":12}},{"id":"f555fae8-d9b2-4e4e-a874-7bd710c05eb7","block_type":"box","text":"14,141","page_number":129,"box":{"x":660,"y":585,"width":46,"height":10}},{"id":"dee7fa40-0b61-45db-b384-9a41c4e74eac","block_type":"box","text":"–","page_number":129,"box":{"x":948,"y":590,"width":9,"height":1}},{"id":"c6850edd-c9d8-410b-8bd6-a4360d870f59","block_type":"box","text":"Change in net assets attributable to","page_number":129,"box":{"x":43,"y":599,"width":268,"height":11}},{"id":"9a982840-b9f1-4fd1-b858-2f353ba13ddb","block_type":"box","text":"shareholders from investment activities (see above)","page_number":129,"box":{"x":54,"y":615,"width":383,"height":11}},{"id":"35d4a4b5-4d6c-41bd-9422-b280aac1cf5a","block_type":"box","text":"2,161,957","page_number":129,"box":{"x":635,"y":615,"width":74,"height":10}},{"id":"7c359edf-3743-4cb0-bedc-0b0c88d6c0a3","block_type":"box","text":"(1,782,428)","page_number":129,"box":{"x":872,"y":615,"width":85,"height":11}},{"id":"1dc9fa4d-9390-4b2b-90ba-e5c4011fccb9","block_type":"box","text":"Retained distribution on accumulation shares","page_number":129,"box":{"x":43,"y":631,"width":333,"height":9}},{"id":"9faaaf64-ce29-45da-81cd-7ad678e5707b","block_type":"box","text":"182,212","page_number":129,"box":{"x":651,"y":631,"width":58,"height":10}},{"id":"61157d23-4cb2-4dda-8cb2-a3d593a32c81","block_type":"box","text":"303,770","page_number":129,"box":{"x":897,"y":631,"width":59,"height":10}},{"id":"1b208962-e9d7-4a24-a749-2e66c3ef461a","block_type":"box","text":"Unclaimed distributions","page_number":129,"box":{"x":43,"y":647,"width":172,"height":9}},{"id":"bd661c74-7a10-44c2-9aaa-912ef4f5d27a","block_type":"box","text":"481","page_number":129,"box":{"x":682,"y":647,"width":24,"height":9}},{"id":"0788fc03-b2cd-4128-9cee-b102e3a441d1","block_type":"box","text":"503","page_number":129,"box":{"x":930,"y":647,"width":26,"height":9}},{"id":"bef8a8f8-9794-42b9-8706-a8a174e4b1d2","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":129,"box":{"x":43,"y":664,"width":373,"height":11}},{"id":"35712f79-6326-429b-bf01-de21865ba787","block_type":"box","text":"111,380,468","page_number":129,"box":{"x":620,"y":662,"width":89,"height":11}},{"id":"25907976-c1a5-4372-84da-7dca96d3f529","block_type":"box","text":"119,422,313","page_number":129,"box":{"x":867,"y":662,"width":89,"height":11}},{"id":"321f37af-a593-4bf4-8739-17b2a9ab8b73","block_type":"box","text":"1","page_number":129,"box":{"x":43,"y":688,"width":2,"height":4}},{"id":"79e04b3c-7fb4-4b5e-8143-be25e78307b6","block_type":"box","text":"T","page_number":129,"box":{"x":46,"y":688,"width":8,"height":7}},{"id":"d4a141ea-6269-4a46-9f57-1cf2abf9f918","block_type":"box","text":"he sub-fund's interim accounting date was moved from 30 June 2026 t","page_number":129,"box":{"x":55,"y":688,"width":417,"height":9}},{"id":"adb35364-8041-4b75-86b1-1fb5fe5f469e","block_type":"box","text":"o 3","page_number":129,"box":{"x":473,"y":688,"width":17,"height":7}},{"id":"49789751-7630-4549-8833-f2dc6b3a05e9","block_type":"box","text":"July 2026 as a one-off change arising from the transition of depositary","page_number":129,"box":{"x":495,"y":688,"width":414,"height":9}},{"id":"9363b8d4-053d-407e-bada-661c88a6845b","block_type":"box","text":"services. The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution","page_number":129,"box":{"x":42,"y":700,"width":894,"height":7}},{"id":"e0722707-b3c7-408c-ae99-e03654ff4cbb","block_type":"box","text":"payable to shareholders","page_number":129,"box":{"x":43,"y":711,"width":142,"height":9}},{"id":"c517b7be-3743-4cab-91ce-4dc7b55a11ec","block_type":"box","text":".","page_number":129,"box":{"x":186,"y":717,"width":2,"height":1}},{"id":"238fb138-ffdc-4915-9268-01891eebac0a","block_type":"box","text":"2","page_number":129,"box":{"x":42,"y":722,"width":4,"height":4}},{"id":"7e2eb3ae-f49e-4278-8df1-828cae17cd2b","block_type":"box","text":"The opening net assets attributable to shareholders for 2025 differs to th","page_number":129,"box":{"x":46,"y":722,"width":428,"height":10}},{"id":"ddb983b9-ce1d-4b7e-9e24-bb5671f254c4","block_type":"box","text":"e closing comparative position by the change in shareholders’ net assets for the","page_number":129,"box":{"x":476,"y":722,"width":472,"height":10}},{"id":"d8c9decb-91db-48dd-b8cc-d7ee2472c118","block_type":"box","text":"second half of the comparative financial year.","page_number":129,"box":{"x":42,"y":734,"width":268,"height":9}},{"id":"405eb1d0-827c-4ec1-a93b-a3e3394d8394","block_type":"box","text":"129","page_number":130,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"d3ca61cb-2eb9-48ac-ae37-9148cf7bbb9a","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":130,"box":{"x":43,"y":34,"width":312,"height":13}},{"id":"93aca2df-7e55-49da-aa91-5977a76e88a0","block_type":"box","text":"Balance Sheet","page_number":130,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"2c80423b-23ae-4887-b86d-41fc89868477","block_type":"box","text":"As at","page_number":130,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"219d1806-0cbd-417b-9412-297618a8b7de","block_type":"box","text":"3 July 2026 (unaudited)","page_number":130,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"f7744bc2-6bda-4146-8137-54f8c9afee8f","block_type":"box","text":"03.07.2026","page_number":130,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"50e2ab8d-2fa3-4f73-b832-b2ee30b0cd8f","block_type":"box","text":"1","page_number":130,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"e19c26c2-f198-43e1-a001-a4d64857c4dd","block_type":"box","text":"31.12.2025","page_number":130,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"2e40f42c-2cdf-4452-8b9e-d431a3477146","block_type":"box","text":"£","page_number":130,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"e4df6d6c-a3d3-43a4-8de8-e1f024920887","block_type":"box","text":"£","page_number":130,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"7798bd37-aa61-4921-9e4b-8415bd98787a","block_type":"box","text":"Assets","page_number":130,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"98647fdd-a053-4978-9ffd-9940ba7dca9c","block_type":"box","text":"Investments","page_number":130,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"2e620519-df8c-4a6f-bcf1-ef5bb374b30e","block_type":"box","text":"109,969,049","page_number":130,"box":{"x":628,"y":183,"width":90,"height":10}},{"id":"8a31e23c-8ed3-45b9-896f-9caf238a212c","block_type":"box","text":"104,453,780","page_number":130,"box":{"x":866,"y":183,"width":90,"height":10}},{"id":"9c5edd07-9d87-4da8-8df0-0d3208b3d69f","block_type":"box","text":"Amounts receivable","page_number":130,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"81560d2d-a435-4dd2-9b44-3f1b9bb33003","block_type":"box","text":"645,489","page_number":130,"box":{"x":659,"y":199,"width":59,"height":10}},{"id":"cc278314-d229-41b7-89da-2488d8ec164e","block_type":"box","text":"593,777","page_number":130,"box":{"x":897,"y":199,"width":59,"height":10}},{"id":"c856956c-538b-4bd4-a98c-cf477279083b","block_type":"box","text":"Cash and cash equivalents","page_number":130,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"6f3c169c-e7e9-432d-8ca8-3c180af471f6","block_type":"box","text":"3,896,458","page_number":130,"box":{"x":645,"y":215,"width":73,"height":10}},{"id":"24f86e31-f4d9-473f-bff6-dcf9a9dad577","block_type":"box","text":"2,919,766","page_number":130,"box":{"x":883,"y":215,"width":73,"height":10}},{"id":"a5e4c6e8-729c-4711-bb54-2436f37c282d","block_type":"box","text":"Total assets","page_number":130,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"43d7a8ef-7bb2-4100-9a9f-ac9c9948d683","block_type":"box","text":"114,510,996","page_number":130,"box":{"x":629,"y":232,"width":89,"height":10}},{"id":"e33f8289-7263-4abe-9a80-7d9aff71b97c","block_type":"box","text":"107,967,323","page_number":130,"box":{"x":866,"y":232,"width":90,"height":10}},{"id":"335dc22a-3d07-4b20-9c60-c0dcc9e7ad81","block_type":"box","text":"Liabilities","page_number":130,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"84e02f46-b165-4e74-9fbf-c62c0a07c0c9","block_type":"box","text":"Investments","page_number":130,"box":{"x":55,"y":270,"width":89,"height":9}},{"id":"38fac03d-f5f8-478f-8bcc-679e33f093f6","block_type":"box","text":"(118,043)","page_number":130,"box":{"x":649,"y":270,"width":70,"height":11}},{"id":"a91a6323-1cc0-4ce7-8ba0-d4fe35ad9810","block_type":"box","text":"–","page_number":130,"box":{"x":948,"y":275,"width":9,"height":1}},{"id":"f228c79a-12ea-46cd-a92f-287a2e653e32","block_type":"box","text":"Distribution payable","page_number":130,"box":{"x":55,"y":286,"width":145,"height":11}},{"id":"38d09efd-abb6-46cf-ac00-48e93501d8b0","block_type":"box","text":"(1,186,292)","page_number":130,"box":{"x":634,"y":286,"width":85,"height":11}},{"id":"cc0da3a2-29ea-4e92-8e38-f8ac6f579fbe","block_type":"box","text":"(962,280)","page_number":130,"box":{"x":886,"y":286,"width":71,"height":11}},{"id":"60752364-7a50-41df-a89d-f8a1b8a3c0c7","block_type":"box","text":"Other amounts payable","page_number":130,"box":{"x":54,"y":302,"width":174,"height":11}},{"id":"2d1d7043-2586-4c63-9fe2-d4207f61c5ea","block_type":"box","text":"(1,826,193)","page_number":130,"box":{"x":634,"y":302,"width":85,"height":11}},{"id":"05b1d9cc-0b7b-4048-8f8b-83ee3f23bce8","block_type":"box","text":"(249,579)","page_number":130,"box":{"x":886,"y":302,"width":71,"height":11}},{"id":"c875c1b3-eada-4eb0-916e-89e5e3be4ab6","block_type":"box","text":"Total liabilities","page_number":130,"box":{"x":42,"y":319,"width":103,"height":9}},{"id":"74f3ca3c-a3b8-40b9-9eca-a2055cacb50e","block_type":"box","text":"(3,130,528)","page_number":130,"box":{"x":634,"y":319,"width":85,"height":11}},{"id":"63abd722-e09c-4276-a5e9-da51ed464cee","block_type":"box","text":"(1,211,859)","page_number":130,"box":{"x":874,"y":319,"width":83,"height":11}},{"id":"1a5e93ff-5ea4-4f2c-9b42-a49fd8cc0f8f","block_type":"box","text":"Net assets attributable to shareholders","page_number":130,"box":{"x":43,"y":336,"width":309,"height":9}},{"id":"39d85fa3-9045-4826-bca9-a02fe4a2e81a","block_type":"box","text":"111,380,468","page_number":130,"box":{"x":630,"y":335,"width":88,"height":10}},{"id":"48da36bb-4558-461e-a27c-d7496f557c19","block_type":"box","text":"106,755,464","page_number":130,"box":{"x":866,"y":335,"width":90,"height":10}},{"id":"b5e11f46-fba2-4341-8a3b-228ab999d21b","block_type":"box","text":"1","page_number":130,"box":{"x":43,"y":368,"width":2,"height":4}},{"id":"72910bd5-1b5a-4d36-8c1c-d635db31d7a4","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":130,"box":{"x":46,"y":368,"width":910,"height":9}},{"id":"d4831e9a-8f87-403f-910d-b0f085654f06","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":130,"box":{"x":42,"y":379,"width":915,"height":9}},{"id":"88bf093d-72b9-404c-8776-cd7d460aaf8f","block_type":"box","text":"shareholders.","page_number":130,"box":{"x":42,"y":391,"width":80,"height":7}},{"id":"c602ae78-8dbd-4917-91e0-23b30e29ac3a","block_type":"box","text":"All items in the balance sheet above are current.","page_number":130,"box":{"x":42,"y":416,"width":358,"height":9}},{"id":"a30965aa-6037-4d02-89ff-4d309babb494","block_type":"box","text":"130","page_number":131,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"010f9b28-a8da-47a8-8da2-76412d0d35e1","block_type":"box","text":"131","page_number":131,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5076c5c3-546f-4336-882e-04680e57b982","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":131,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"c4c81624-bbc6-451c-aed8-c3d9b98a5009","block_type":"box","text":"Notes to the Financial Statements","page_number":131,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"58080c62-eaa0-46e7-b7a0-c0ef905e633e","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":131,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"980cdc1f-0c3d-44fc-b8b0-d319242a237b","block_type":"box","text":"1. Accounting Policies","page_number":131,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"0b31fd32-508d-404e-a9e5-fe2ede95b602","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":131,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"02b2a1d8-079f-4cb6-93a6-f05f9cf0c50d","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":131,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"b00fb397-9aec-400f-9902-2d3c5dc1339a","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":131,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"e163c6bf-9409-4602-9d81-196a7feae906","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":131,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"a6d41617-dc85-470c-84fa-1ffb526c108a","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":131,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"5533fb81-4212-4ae1-854f-4d86c2255552","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":131,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"5921098e-d663-4eac-aab9-d163c78b1984","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":131,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"e55616aa-3c9d-4818-838e-e2feb7ff042f","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":131,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"c956404e-57d0-4702-af9e-fbec794dc782","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":131,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"fbee109f-690b-4da2-9070-51bfb09bd637","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":131,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"a361a95c-79bc-4636-95c8-922d8b661897","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":131,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"b74c7e0e-3067-4377-b4f8-3d16304fdedf","block_type":"box","text":"the current period.","page_number":131,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"2ca666c1-aeb1-4876-89e7-657408d9d735","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":131,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"fbfcd3f1-a4db-4ffa-891f-427eb38181b9","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":131,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"e0fecdb8-51a6-4347-b864-121fd2f758a6","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":131,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"f9a6f406-f24b-42de-803c-63cc98234778","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":131,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"11123a5c-bf88-4b9e-929e-86905eb0759b","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":131,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"89f3c536-d26e-4f8a-9091-94eac26a6319","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":131,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"1876c48c-dd8f-4609-9938-9ba5696d0ab1","block_type":"box","text":"2. Related Parties","page_number":131,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"39f7762b-45bc-426d-9fa9-6e095c982a93","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":131,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"e779f554-6f5a-43ce-94b3-be2635d0eb3a","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":131,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"dc26f75a-efde-4415-bad1-6cb92768f809","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":131,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"f78969c9-6ee7-4f55-8404-971bc3a15672","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":131,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"a142775d-8c81-4605-96f3-4e9a2d6d3bc7","block_type":"box","text":"page 128","page_number":131,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"79f38834-7a13-4fea-82fe-32706f2e0b00","block_type":"box","text":".","page_number":131,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"d4f83601-5eda-43f9-a258-568e53f97c67","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £40,986","page_number":131,"box":{"x":42,"y":537,"width":914,"height":11}},{"id":"b91a533a-6bd0-4922-bd76-dd0bdc589391","block_type":"box","text":"(31 December 2025: £19,856).","page_number":131,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"ced158b7-fb96-4407-b11c-959f66dedc34","block_type":"box","text":"At the period end, Sarasin Multi Asset – Strategic held no shares in any other sub-fund or collective investment schemes","page_number":131,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"0b51aa77-1eb1-4582-aece-924694425650","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":131,"box":{"x":43,"y":587,"width":693,"height":11}},{"id":"d27faeac-ebac-4134-9256-3d612b9a3507","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 56.85% of the sub-fund on behalf of multiple beneficiaries","page_number":131,"box":{"x":42,"y":610,"width":915,"height":12}},{"id":"3edf6fdc-9c20-4623-8cf6-15bfded486d1","block_type":"box","text":"(31 December 2025: 48.46%).","page_number":131,"box":{"x":43,"y":623,"width":228,"height":12}},{"id":"693a556a-8960-4c23-8622-662132e761b7","block_type":"box","text":"131","page_number":132,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"c73c115d-ebdb-4bad-9c7f-20d391de4e22","block_type":"box","text":"SARASIN Multi Asset - Strategic","page_number":132,"box":{"x":43,"y":34,"width":306,"height":13}},{"id":"eb525755-e686-4d04-83dd-9add3af9c6f4","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":132,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"0b502eab-51c6-43ef-8a34-c540ecae54f4","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":132,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"62d1b405-7b3b-4828-bdd3-63ed2ad36f11","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":132,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"2f1ef2dc-c15a-4600-a78b-43c7666ef597","block_type":"box","text":"their fair value.","page_number":132,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"357fa9d4-4914-4237-a6d3-e407e14bb69b","block_type":"box","text":"Valuation technique as at","page_number":132,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"ab515692-b315-4beb-8ea3-78978f8d2823","block_type":"box","text":"3 July 2026","page_number":132,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"f3fc5b56-88ef-43ab-9754-a59fba849e1f","block_type":"box","text":"1","page_number":132,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"dbbf93f1-eb97-4b72-a588-a9dfce37dc44","block_type":"box","text":"Financial Assets","page_number":132,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"28aebad6-3dac-4fc4-9776-e95f97ba11a0","block_type":"box","text":"Level 1","page_number":132,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"3a52b87c-60b8-4708-8bd9-202dc203afc0","block_type":"box","text":"£","page_number":132,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"4ea7d4aa-8020-4574-9fcf-ff3c4b10fade","block_type":"box","text":"Level 2","page_number":132,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"cdd67856-cb1f-4b33-9b3c-05b325a21a2c","block_type":"box","text":"£","page_number":132,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"e4bd2b5e-f31f-41ea-93bf-42a999de73dc","block_type":"box","text":"Level 3","page_number":132,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"f299812c-1216-494a-9d38-119d6084a715","block_type":"box","text":"£","page_number":132,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"d96a5589-c5fd-4677-9200-ec6bf428c47e","block_type":"box","text":"Total","page_number":132,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"83971dc6-ab89-4681-bb07-70ae24ecf263","block_type":"box","text":"£","page_number":132,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"720a7362-f72e-4794-9e9b-3f00b4924f40","block_type":"box","text":"Collective Investment Schemes","page_number":132,"box":{"x":45,"y":214,"width":233,"height":8}},{"id":"e498a374-b974-4533-a4c7-efa282a36d06","block_type":"box","text":"16,773,534","page_number":132,"box":{"x":525,"y":214,"width":81,"height":10}},{"id":"c0065331-f432-4ed7-bba8-ec6422f735ac","block_type":"box","text":"8,726,083","page_number":132,"box":{"x":650,"y":214,"width":73,"height":10}},{"id":"c236fb9b-e671-46b4-b032-3a5b082dcc2b","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"2ffb9388-d3ed-4240-8cdc-0d5a57cfe045","block_type":"box","text":"25,499,617","page_number":132,"box":{"x":874,"y":214,"width":82,"height":10}},{"id":"72d68f5d-978b-4e1b-b6a8-1ddc8f485eff","block_type":"box","text":"Debt Securities","page_number":132,"box":{"x":45,"y":229,"width":112,"height":9}},{"id":"bbcbf9e1-2b26-46a4-9174-4c5f9c7a38f7","block_type":"box","text":"20,356,084","page_number":132,"box":{"x":524,"y":229,"width":82,"height":10}},{"id":"f2bb898a-578f-49ac-88a8-22568e464843","block_type":"box","text":"16,128,237","page_number":132,"box":{"x":642,"y":229,"width":81,"height":10}},{"id":"9863d194-c214-417d-a3db-c531a8c6d888","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":234,"width":10,"height":1}},{"id":"18f8d23e-018d-464b-8e0a-4d54a1667bb2","block_type":"box","text":"36,484,321","page_number":132,"box":{"x":874,"y":229,"width":80,"height":10}},{"id":"b87df71c-43b6-4cf9-aa8f-d6022978d447","block_type":"box","text":"Equities","page_number":132,"box":{"x":45,"y":244,"width":58,"height":11}},{"id":"272d191d-e03e-4422-bd92-d15a13030fd7","block_type":"box","text":"47,936,811","page_number":132,"box":{"x":525,"y":244,"width":79,"height":11}},{"id":"bd9f4027-5794-4230-9f0a-1be8948336a5","block_type":"box","text":"–","page_number":132,"box":{"x":715,"y":249,"width":9,"height":1}},{"id":"2a43f571-6733-4ae0-b24e-69b6d2441169","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":249,"width":10,"height":1}},{"id":"0bbc05d0-1936-4a25-a631-ec5c021bbcbf","block_type":"box","text":"47,936,811","page_number":132,"box":{"x":875,"y":244,"width":79,"height":11}},{"id":"1b71d5bf-97c2-40b6-9cbd-c30a674b79a8","block_type":"box","text":"Forward Currency Contracts","page_number":132,"box":{"x":46,"y":259,"width":208,"height":12}},{"id":"9b49fd8e-1926-47b4-955d-0265143e0db7","block_type":"box","text":"–","page_number":132,"box":{"x":598,"y":265,"width":9,"height":0}},{"id":"065aba8e-78ca-48e8-b0b4-64e9ebf553c8","block_type":"box","text":"48,300","page_number":132,"box":{"x":673,"y":259,"width":50,"height":11}},{"id":"7e66cc0d-1de0-4138-9563-1a58d6b05349","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":265,"width":10,"height":0}},{"id":"f02d7368-9d1f-4a19-8db1-742b80529379","block_type":"box","text":"48,300","page_number":132,"box":{"x":906,"y":259,"width":50,"height":11}},{"id":"128d072f-c1f8-4ac8-a6d1-54c9867059d2","block_type":"box","text":"85,066,429","page_number":132,"box":{"x":524,"y":276,"width":83,"height":10}},{"id":"544f6998-a8e1-494b-b527-dd86225cd3fc","block_type":"box","text":"24,902,620","page_number":132,"box":{"x":640,"y":276,"width":83,"height":10}},{"id":"2ff2cb4a-32e2-48c6-bc57-62612f877b35","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":281,"width":10,"height":1}},{"id":"6fb91b73-b230-4ae0-abd2-1abeebcceef7","block_type":"box","text":"109,969,049","page_number":132,"box":{"x":866,"y":276,"width":90,"height":10}},{"id":"eb2a4489-a3df-4c25-a7de-7d583b9077cf","block_type":"box","text":"Financial Liabilities","page_number":132,"box":{"x":45,"y":308,"width":122,"height":7}},{"id":"0013034d-4334-493a-8843-ec2e11ccd3d5","block_type":"box","text":"Forward Currency Contracts","page_number":132,"box":{"x":46,"y":326,"width":208,"height":11}},{"id":"d878a37a-2542-4510-aa21-d503ede20de0","block_type":"box","text":"–","page_number":132,"box":{"x":598,"y":331,"width":9,"height":1}},{"id":"2953050f-901b-4415-b565-22e486409719","block_type":"box","text":"(118,043)","page_number":132,"box":{"x":654,"y":326,"width":69,"height":11}},{"id":"06973f98-e71b-4d96-b40b-29c9e0e42ccd","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":331,"width":10,"height":1}},{"id":"39275675-a1a6-4276-ad93-5555e1a549b6","block_type":"box","text":"(118,043)","page_number":132,"box":{"x":888,"y":326,"width":69,"height":11}},{"id":"d196b9ff-3021-459b-8964-b62b41e50842","block_type":"box","text":"–","page_number":132,"box":{"x":598,"y":347,"width":9,"height":1}},{"id":"fbe85ef7-036c-42cb-95db-442165a9c779","block_type":"box","text":"(118,043)","page_number":132,"box":{"x":654,"y":342,"width":69,"height":11}},{"id":"3fe29dcd-42a0-4c7d-b6b0-efed0c6cf59a","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":347,"width":10,"height":1}},{"id":"7919ae45-6e57-4c76-894a-edb3737fab1f","block_type":"box","text":"(118,043)","page_number":132,"box":{"x":888,"y":342,"width":69,"height":11}},{"id":"0f16a6d9-0f4e-4f65-8d7a-d26d29d031a0","block_type":"box","text":"Valuation technique as at","page_number":132,"box":{"x":44,"y":373,"width":161,"height":9}},{"id":"b96fa867-1123-4d5b-8089-8e992a80c5bb","block_type":"box","text":"31 December 2025","page_number":132,"box":{"x":210,"y":373,"width":116,"height":7}},{"id":"4382ab15-306c-4c5b-a573-45e68341b6b4","block_type":"box","text":"Financial Assets","page_number":132,"box":{"x":45,"y":399,"width":104,"height":7}},{"id":"108c95bc-40ee-404f-8f39-68a467762a47","block_type":"box","text":"Level 1","page_number":132,"box":{"x":563,"y":388,"width":42,"height":7}},{"id":"4fe850de-f65d-457d-a8ff-61756189177c","block_type":"box","text":"£","page_number":132,"box":{"x":600,"y":399,"width":7,"height":7}},{"id":"d156a6fc-af43-4f1e-90f3-09c0a5c61a4f","block_type":"box","text":"Level 2","page_number":132,"box":{"x":679,"y":388,"width":44,"height":7}},{"id":"af9d47ad-0d3d-422e-a9d4-953cedc507ab","block_type":"box","text":"£","page_number":132,"box":{"x":717,"y":399,"width":7,"height":7}},{"id":"91c5bedd-cac3-456d-8bf9-27e073ca8bbf","block_type":"box","text":"Level 3","page_number":132,"box":{"x":796,"y":388,"width":44,"height":7}},{"id":"8bab3269-53aa-41e6-90f1-e04f2cc005e3","block_type":"box","text":"£","page_number":132,"box":{"x":833,"y":399,"width":7,"height":7}},{"id":"5be04753-8598-4f54-9be7-4154fc17ab02","block_type":"box","text":"Total","page_number":132,"box":{"x":926,"y":388,"width":30,"height":7}},{"id":"b287eb48-32e7-449d-b4e5-02c62776e6f5","block_type":"box","text":"£","page_number":132,"box":{"x":950,"y":399,"width":7,"height":7}},{"id":"1ac0782b-eb05-4e60-964a-2158d017c983","block_type":"box","text":"Collective Investment Schemes","page_number":132,"box":{"x":45,"y":417,"width":233,"height":9}},{"id":"7d230fbc-d081-43e1-b7ea-e1d8ec47fbcb","block_type":"box","text":"8,693,530","page_number":132,"box":{"x":533,"y":417,"width":73,"height":11}},{"id":"2e737897-9eed-4b4f-ad54-1344eeb49dab","block_type":"box","text":"3,478,608","page_number":132,"box":{"x":650,"y":417,"width":73,"height":11}},{"id":"c05b87d8-2f31-4330-aa2b-264770a7da35","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":422,"width":10,"height":1}},{"id":"35520784-a204-47a9-8994-6cfbfad04db6","block_type":"box","text":"12,172,138","page_number":132,"box":{"x":875,"y":417,"width":81,"height":11}},{"id":"2e422192-c02c-49bf-b269-aa26dadceb27","block_type":"box","text":"Debt Securities","page_number":132,"box":{"x":45,"y":432,"width":112,"height":9}},{"id":"eccf0f8e-a725-4ff8-a4f3-c289f4b52632","block_type":"box","text":"24,117,974","page_number":132,"box":{"x":525,"y":433,"width":81,"height":10}},{"id":"b3e7d870-f5e6-4723-88ef-37bd5c49496d","block_type":"box","text":"17,835,884","page_number":132,"box":{"x":642,"y":433,"width":81,"height":10}},{"id":"8db1ffa8-fa6c-4efd-b68b-4b3a95c7fba9","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":438,"width":10,"height":1}},{"id":"e1b87d12-c43b-4df9-af08-b686400d9d39","block_type":"box","text":"41,953,858","page_number":132,"box":{"x":873,"y":433,"width":83,"height":10}},{"id":"680dbae6-4785-4f96-892d-09dd92eb0b19","block_type":"box","text":"Equities","page_number":132,"box":{"x":45,"y":448,"width":58,"height":11}},{"id":"d1185da5-d0c1-4503-87c3-2e3816ffdf38","block_type":"box","text":"50,116,248","page_number":132,"box":{"x":525,"y":448,"width":82,"height":10}},{"id":"d4e38d4e-4c0f-4267-95e9-9fcdfced2027","block_type":"box","text":"–","page_number":132,"box":{"x":715,"y":453,"width":9,"height":1}},{"id":"dc1f0570-830c-4a00-9437-cb9e00b0e2fd","block_type":"box","text":"42,141","page_number":132,"box":{"x":789,"y":448,"width":48,"height":10}},{"id":"80daaa2a-7cee-4a56-bda4-eb675499df57","block_type":"box","text":"50,158,389","page_number":132,"box":{"x":874,"y":448,"width":82,"height":10}},{"id":"0c0bc595-5302-438a-8d89-9d5162f2da04","block_type":"box","text":"Forward Currency Contracts","page_number":132,"box":{"x":46,"y":463,"width":208,"height":11}},{"id":"7c917d1b-7575-4239-834c-8ef2fa7ab695","block_type":"box","text":"–","page_number":132,"box":{"x":598,"y":468,"width":9,"height":1}},{"id":"bfb292d6-dbe0-4212-bd33-cc32d4880cf9","block_type":"box","text":"169,395","page_number":132,"box":{"x":665,"y":463,"width":58,"height":10}},{"id":"52bf7a20-20bd-4795-a650-8b53008adbc4","block_type":"box","text":"–","page_number":132,"box":{"x":831,"y":468,"width":10,"height":1}},{"id":"ca064d06-64d7-4732-a04d-534cf90b6d72","block_type":"box","text":"169,395","page_number":132,"box":{"x":898,"y":463,"width":58,"height":10}},{"id":"1a4c806f-811b-4ee7-8781-b9b3f6d04290","block_type":"box","text":"82,927,752","page_number":132,"box":{"x":524,"y":479,"width":82,"height":11}},{"id":"e8a687d8-bf29-496d-9b93-3c58e5efe147","block_type":"box","text":"21,483,887","page_number":132,"box":{"x":640,"y":479,"width":83,"height":11}},{"id":"ce211693-e3d2-4b93-8d9f-b56d0f7c4085","block_type":"box","text":"42,141","page_number":132,"box":{"x":789,"y":479,"width":48,"height":11}},{"id":"52b20843-042a-480b-8541-ea6ca7322a81","block_type":"box","text":"104,453,780","page_number":132,"box":{"x":866,"y":479,"width":90,"height":11}},{"id":"73aa8529-1201-4341-9dbc-e839d659997c","block_type":"box","text":"1","page_number":132,"box":{"x":43,"y":522,"width":2,"height":4}},{"id":"70ca1ff3-670f-47c3-9115-9fe360e9b0be","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":132,"box":{"x":46,"y":522,"width":910,"height":9}},{"id":"3722c1a5-4c90-4d88-b35f-785cbfab62b4","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":132,"box":{"x":42,"y":534,"width":915,"height":9}},{"id":"704fc993-04a5-4d4f-b3e8-ff61fb9698d9","block_type":"box","text":"shareholders.","page_number":132,"box":{"x":42,"y":545,"width":80,"height":7}},{"id":"4ac1294b-fda1-4be8-ae07-ce000d3b3785","block_type":"box","text":"Level 1","page_number":132,"box":{"x":43,"y":577,"width":53,"height":9}},{"id":"cd858dab-b336-48f9-b563-c8e3f5643f8e","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":132,"box":{"x":42,"y":590,"width":920,"height":11}},{"id":"4c414d2f-a98e-4c55-ab74-12f448a12704","block_type":"box","text":"date.","page_number":132,"box":{"x":42,"y":603,"width":36,"height":9}},{"id":"0e1a5f3b-4e2a-4f4f-a380-b51523a90d89","block_type":"box","text":"Level 2","page_number":132,"box":{"x":43,"y":628,"width":55,"height":9}},{"id":"510f1571-41be-49d4-833c-40a3f4b56930","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":132,"box":{"x":42,"y":641,"width":894,"height":11}},{"id":"8a98a728-2860-4433-a06a-4838a6c319c4","block_type":"box","text":"Level 3","page_number":132,"box":{"x":43,"y":666,"width":55,"height":9}},{"id":"24c2b11b-1a33-44ca-8f75-97cff39b01c4","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable). Investments classified as using","page_number":132,"box":{"x":42,"y":679,"width":920,"height":11}},{"id":"7eae2591-f75c-46aa-acee-0752c35ae881","block_type":"box","text":"inputs that are not based on observable market data comprise fair value adjusted securities. For information on the basis","page_number":132,"box":{"x":43,"y":692,"width":914,"height":11}},{"id":"55dac3bf-f891-4256-bbc4-3e1c84aad6bc","block_type":"box","text":"of fair valuation of investments for these securities and the valuation process undertaken, please refer to note 1l of the","page_number":132,"box":{"x":42,"y":705,"width":914,"height":11}},{"id":"1502bdad-45c0-4d0e-94e3-121fc4e59eaf","block_type":"box","text":"Accounting Policies of the annual financial statements for the year ended 31 December 2025. Level 3 instruments comprise","page_number":132,"box":{"x":42,"y":718,"width":914,"height":11}},{"id":"881fd04a-2aaf-4df8-a6f7-18e45cb4ea08","block_type":"box","text":"an investment in Home REIT. The Investment Manager’s Valuation Committee have assessed the realisable value attributable","page_number":132,"box":{"x":42,"y":731,"width":914,"height":11}},{"id":"69f148d5-0777-4ed6-878e-b3a59aaec885","block_type":"box","text":"to the underlying portfolio of Home REIT and valued it as at 31 December 2025 using an internal model applying a 50%","page_number":132,"box":{"x":42,"y":744,"width":914,"height":11}},{"id":"1a128e02-8b62-4615-9921-d43081d63c7d","block_type":"box","text":"discount to publicly available information. Home REIT is no longer held by the sub-fund as at 3 July 2026.","page_number":132,"box":{"x":42,"y":757,"width":780,"height":12}},{"id":"e8854ad9-afdc-48db-8da9-466a6395925b","block_type":"box","text":"132","page_number":133,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"9ee92691-4bac-4251-8c79-4e9f1926d7a1","block_type":"box","text":"133","page_number":133,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"8b8e08a0-8b0c-4ff8-9c5c-00237a1634d0","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":133,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"35be0602-9a65-4b34-988c-da07b27151b0","block_type":"box","text":"Investment Objective and Policy","page_number":133,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"942a66c9-a296-489f-9859-ab0490736296","block_type":"box","text":"Investment Objective","page_number":133,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"8b3850ad-4bc2-407f-bf16-a7507ab3b6dc","block_type":"box","text":"We seek to provide income greater than that achieved in","page_number":133,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"bb44b3d1-0d8a-4c71-9eec-723f18ec9621","block_type":"box","text":"the ICE BoAML UK Gilts All Stocks Index and to provide an","page_number":133,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"7083643d-760b-4fcb-8b16-8d141cf37362","block_type":"box","text":"overall return higher than the sub-fund’s benchmark of 50%","page_number":133,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"a0861972-0ec3-4fa6-aee0-79b0caea8814","block_type":"box","text":"ICE BoAML UK Gilts All Stocks Index and 50% ICE BoAML","page_number":133,"box":{"x":43,"y":152,"width":449,"height":9}},{"id":"f5ef5d45-e4fa-4f04-a7f7-23feb9e70a4a","block_type":"box","text":"UK Sterling Non-Gilt Index over a period of 3 to 5 years.","page_number":133,"box":{"x":43,"y":166,"width":413,"height":12}},{"id":"f34c2065-e544-4559-9111-673678ade001","block_type":"box","text":"Investment Policy","page_number":133,"box":{"x":43,"y":192,"width":141,"height":11}},{"id":"f7bfb440-619a-4b8a-90bb-d0c8cf438059","block_type":"box","text":"Investments","page_number":133,"box":{"x":43,"y":206,"width":89,"height":8}},{"id":"7a1b0e56-1ba1-4fcc-a10a-036b95431225","block_type":"box","text":"We invest at least 50% of the sub-fund in Sterling denominated","page_number":133,"box":{"x":42,"y":231,"width":450,"height":11}},{"id":"a67852f1-0217-4cb4-bc88-152d5d00f4b9","block_type":"box","text":"bonds issued by the UK government or companies and cash","page_number":133,"box":{"x":43,"y":245,"width":449,"height":11}},{"id":"f1b60972-db29-473d-b298-bbe2295ca3ed","block_type":"box","text":"held in Sterling.","page_number":133,"box":{"x":43,"y":259,"width":113,"height":11}},{"id":"84a1587f-7c8d-423d-a1ef-661be2dc293e","block_type":"box","text":"We may also invest in bonds issued by governments,","page_number":133,"box":{"x":42,"y":284,"width":450,"height":11}},{"id":"45254c0f-bbd2-42bd-81cb-b1b28c42e1bd","block_type":"box","text":"supranational and quasi-governmental organisations and","page_number":133,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"f848e008-6b53-439d-8b2f-10e275a015fc","block_type":"box","text":"companies denominated in other currencies, and units in","page_number":133,"box":{"x":42,"y":313,"width":450,"height":11}},{"id":"714b7776-0c50-4843-9f8b-1a4572c8c622","block_type":"box","text":"funds (including those managed by Sarasin).","page_number":133,"box":{"x":42,"y":327,"width":331,"height":11}},{"id":"67c3d139-291a-46f3-9a42-bb1851e40bad","block_type":"box","text":"We will strategically manage the mix of assets in the portfolio,","page_number":133,"box":{"x":42,"y":352,"width":450,"height":11}},{"id":"474d4078-0c78-444c-94d0-d9ff88592934","block_type":"box","text":"within the above parameters, depending on our view of","page_number":133,"box":{"x":42,"y":366,"width":450,"height":11}},{"id":"feac5bb9-ff8c-4401-b053-e06d6e1225af","block_type":"box","text":"market conditions.","page_number":133,"box":{"x":43,"y":380,"width":134,"height":9}},{"id":"eac68822-c540-47a2-aba0-5a8ad2b99e4b","block_type":"box","text":"Investment Selection","page_number":133,"box":{"x":43,"y":405,"width":154,"height":9}},{"id":"c1ffbfdd-a586-448d-aa34-aae87823d3d7","block_type":"box","text":"We undertake fundamental analysis on bond issuers, which","page_number":133,"box":{"x":42,"y":430,"width":450,"height":11}},{"id":"7acaf9c0-817c-4984-ad3b-610392c37167","block_type":"box","text":"includes an evaluation of risks that environmental, social","page_number":133,"box":{"x":43,"y":444,"width":449,"height":11}},{"id":"e669de33-69c1-4432-917b-2ab1e72f3e12","block_type":"box","text":"and governance (“ESG”) factors pose. We implement an","page_number":133,"box":{"x":42,"y":459,"width":450,"height":11}},{"id":"4130ef03-1816-47e5-b9c9-3959ec700c0f","block_type":"box","text":"in-house scoring system which combines our assessment of","page_number":133,"box":{"x":43,"y":473,"width":449,"height":11}},{"id":"bd39fa4b-c9f1-4925-8d42-6627277d7072","block_type":"box","text":"the materiality of ESG risks associated with each industry","page_number":133,"box":{"x":42,"y":487,"width":450,"height":11}},{"id":"e0f619d1-d512-455f-9da1-2ebccc0d4885","block_type":"box","text":"sector with data on each bond issuer to generate an overall","page_number":133,"box":{"x":42,"y":502,"width":450,"height":11}},{"id":"82707b4e-4043-4ca8-9c6a-7256a9396a69","block_type":"box","text":"issuer-specific ESG rating. All issuers in sectors considered","page_number":133,"box":{"x":43,"y":516,"width":449,"height":11}},{"id":"6db51d59-c596-4fc9-b0af-6dcd13b35152","block_type":"box","text":"to have high ESG risk will be limited in the overall ESG rating","page_number":133,"box":{"x":42,"y":530,"width":450,"height":11}},{"id":"0c0e1067-aea3-4e4c-96ab-048cead81dca","block_type":"box","text":"that they can achieve, relative to issuers in sectors with lower","page_number":133,"box":{"x":42,"y":544,"width":450,"height":11}},{"id":"acd54e9e-a30f-49ed-afa8-f2f4f0abad7c","block_type":"box","text":"ESG risks, but will not necessarily be excluded solely on","page_number":133,"box":{"x":43,"y":558,"width":449,"height":12}},{"id":"45965a94-1889-4971-b34b-31745f1e29be","block_type":"box","text":"this basis. We will only invest in bonds whose issuer has an","page_number":133,"box":{"x":42,"y":573,"width":450,"height":11}},{"id":"c9f81574-ac8a-46cb-89f7-ae41bf52b631","block_type":"box","text":"ESG rating of 3 and above, out of a maximum of 10 on our","page_number":133,"box":{"x":43,"y":587,"width":449,"height":11}},{"id":"96cd0ee0-eb17-49df-b8ef-05f3db54c38b","block_type":"box","text":"in-house scoring system.","page_number":133,"box":{"x":43,"y":601,"width":183,"height":11}},{"id":"b4202ef8-0c64-4301-bda2-74bed312dadb","block_type":"box","text":"Stewardship","page_number":133,"box":{"x":43,"y":626,"width":91,"height":11}},{"id":"950c6096-317a-436b-9d39-dc9a57f1924d","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":133,"box":{"x":43,"y":651,"width":449,"height":11}},{"id":"adaab7e2-a964-463f-b09f-073880c4b33f","block_type":"box","text":"engage, as far as possible, with underlying corporate bond","page_number":133,"box":{"x":42,"y":665,"width":450,"height":12}},{"id":"d7fc8108-17c7-4d46-bcc1-7e381b7270c0","block_type":"box","text":"issuers to promote actions to mitigate material environmental,","page_number":133,"box":{"x":43,"y":680,"width":449,"height":11}},{"id":"174c81bc-0601-491e-80ba-c6eb65f72db8","block_type":"box","text":"social and/or governance risks identified. Engagements","page_number":133,"box":{"x":42,"y":694,"width":445,"height":11}},{"id":"51103e1d-737e-4269-bc0e-dd243dbd14fa","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":133,"box":{"x":42,"y":708,"width":444,"height":11}},{"id":"197c180f-18c3-4859-b2eb-7067fbb3a26b","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":133,"box":{"x":42,"y":722,"width":446,"height":12}},{"id":"8c2f79ca-b79d-4f8f-a657-fadad1021770","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":133,"box":{"x":42,"y":737,"width":445,"height":11}},{"id":"a81d9009-6435-4046-a2b4-d9e3797d9493","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":133,"box":{"x":42,"y":751,"width":444,"height":11}},{"id":"5bc82089-9fa6-4e83-b1a7-922a43fe929a","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":133,"box":{"x":42,"y":765,"width":445,"height":9}},{"id":"7204ed25-ba8a-4007-963e-8335383f0cce","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":133,"box":{"x":42,"y":779,"width":318,"height":12}},{"id":"8e76836d-24e3-4e77-a6a1-9e9d14f02f7d","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":133,"box":{"x":43,"y":805,"width":443,"height":11}},{"id":"bb5f88c4-a36c-4cf5-b2bc-0e146f512e9f","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":133,"box":{"x":42,"y":819,"width":444,"height":11}},{"id":"ac4673ee-3c2a-4256-998a-5e80e7488d5c","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":133,"box":{"x":43,"y":833,"width":443,"height":11}},{"id":"658aaeaf-5f19-49df-a5a5-7a37258eb614","block_type":"box","text":"long-term financial performance for investors.","page_number":133,"box":{"x":43,"y":847,"width":334,"height":11}},{"id":"3e6697ad-680a-44db-993b-3a7b765a0242","block_type":"box","text":"Restrictions","page_number":133,"box":{"x":512,"y":79,"width":87,"height":9}},{"id":"812bb1e8-41b6-42d2-8f36-f0fa9276e9e7","block_type":"box","text":"Our approach to investing responsibly includes avoiding","page_number":133,"box":{"x":512,"y":104,"width":450,"height":11}},{"id":"3730bf01-f895-45cf-af44-f2b458cf1e84","block_type":"box","text":"bonds issued by companies that are materially engaged in","page_number":133,"box":{"x":513,"y":118,"width":449,"height":12}},{"id":"539191af-dd75-45d5-8a4a-afadbe93b252","block_type":"box","text":"certain sectors, including the production or distribution of","page_number":133,"box":{"x":512,"y":133,"width":450,"height":11}},{"id":"72d175cc-0bac-41e6-85d9-1c26c50f6ec9","block_type":"box","text":"tobacco, alcohol, armaments, gambling, adult entertainment","page_number":133,"box":{"x":512,"y":147,"width":450,"height":11}},{"id":"0906e5c3-c865-4e64-a06c-091eba1ed741","block_type":"box","text":"and the extraction of fossil fuels. Further detail on how we","page_number":133,"box":{"x":512,"y":161,"width":450,"height":9}},{"id":"ecfbe8d6-225e-4a49-b5d6-0be0ae47cf8c","block_type":"box","text":"do this is available in the Guide to Ethical Exclusions which","page_number":133,"box":{"x":512,"y":175,"width":450,"height":9}},{"id":"02943ccb-0663-473f-aa5c-910dd5e0a87b","block_type":"box","text":"is available on our website at www.sarasinandpartners.com/","page_number":133,"box":{"x":513,"y":190,"width":444,"height":11}},{"id":"2bf64997-4079-4228-8ac6-fbe71428c689","block_type":"box","text":"funds/sarasin-responsible-strategic-bond.","page_number":133,"box":{"x":512,"y":204,"width":306,"height":11}},{"id":"9741046c-03b2-418e-8b89-9e8a7523f165","block_type":"box","text":"Sustainability Labels","page_number":133,"box":{"x":513,"y":229,"width":152,"height":11}},{"id":"81899a5c-68bb-493a-b586-556bb7dd521f","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":133,"box":{"x":512,"y":254,"width":450,"height":11}},{"id":"ca94e3e6-078b-4362-9206-6671dc02a654","block_type":"box","text":"specific sustainability goal.","page_number":133,"box":{"x":512,"y":268,"width":196,"height":11}},{"id":"3a967d73-cd0f-453c-8ce4-f595848306e8","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":133,"box":{"x":512,"y":293,"width":450,"height":11}},{"id":"4e56be79-5388-48eb-9460-356371da7353","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":133,"box":{"x":512,"y":307,"width":450,"height":11}},{"id":"53dceaee-541e-4211-84ba-49b13352470f","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":133,"box":{"x":513,"y":321,"width":449,"height":12}},{"id":"13a90d6c-37d9-448a-9858-6b763e82bb6d","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":133,"box":{"x":512,"y":336,"width":450,"height":11}},{"id":"5ea4fd5b-c687-40c3-a56e-d131605f2359","block_type":"box","text":"sustainability investment label.","page_number":133,"box":{"x":512,"y":350,"width":225,"height":11}},{"id":"c1e93bea-fedd-4ba3-9e39-2f610dce8822","block_type":"box","text":"Benchmark Information","page_number":133,"box":{"x":513,"y":375,"width":186,"height":9}},{"id":"fdc19545-474b-41bf-a379-d4a26a5e33d1","block_type":"box","text":"The sub-fund’s income can be assessed by reference to ICE","page_number":133,"box":{"x":512,"y":389,"width":450,"height":11}},{"id":"f825b37b-bbd2-49dc-bd03-af2451a73c0d","block_type":"box","text":"BofAML UK Gilts All Stocks Index.","page_number":133,"box":{"x":513,"y":403,"width":250,"height":9}},{"id":"4ad92208-eab8-41bc-a96f-d700ca6a9a36","block_type":"box","text":"The sub-fund’s growth can be assessed by reference to a","page_number":133,"box":{"x":512,"y":428,"width":450,"height":12}},{"id":"67b441e5-1a56-4ca7-894d-0965c0c472ec","block_type":"box","text":"blended benchmark of 50% ICE BoAML UK Gilts All Stocks","page_number":133,"box":{"x":513,"y":443,"width":449,"height":9}},{"id":"0ecee0e4-f6c5-4591-b76f-890fba202d3a","block_type":"box","text":"Index and 50% ICE BoAML Sterling Non-Gilt Index.","page_number":133,"box":{"x":513,"y":457,"width":379,"height":11}},{"id":"f33d0047-c1ff-4862-89a9-5c21d897e99f","block_type":"box","text":"This represents a typical mix of assets held by the sub-fund.","page_number":133,"box":{"x":512,"y":482,"width":444,"height":11}},{"id":"209a7fd1-b3f7-420f-abd0-65bd1342567f","block_type":"box","text":"Sensitivity Analysis","page_number":133,"box":{"x":512,"y":507,"width":161,"height":11}},{"id":"c6bfb22f-08e5-4422-af5b-9d3ac0622bd1","block_type":"box","text":"The sub-fund invests in bonds. Exposure to certain parts of","page_number":133,"box":{"x":512,"y":521,"width":450,"height":11}},{"id":"00cf6bfb-aa2c-4fcf-9813-f72b89f5a315","block_type":"box","text":"the yield curve has been done through swaps, swaptions,","page_number":133,"box":{"x":512,"y":535,"width":450,"height":12}},{"id":"9c7902bf-faa3-4d6e-a8e1-9e7b490a83d4","block_type":"box","text":"or options. Occasionally small currency positions are","page_number":133,"box":{"x":512,"y":550,"width":450,"height":11}},{"id":"15ac64de-37fe-417b-acfb-759d0d2942ab","block_type":"box","text":"implemented through forwards or options to implement views","page_number":133,"box":{"x":513,"y":564,"width":449,"height":11}},{"id":"dda3ad33-8f04-4dd4-8243-10d548aded2f","block_type":"box","text":"on currencies and credit exposure on bonds is sometimes","page_number":133,"box":{"x":512,"y":578,"width":450,"height":11}},{"id":"3e335344-1c1e-42b5-a794-23eb0a12616e","block_type":"box","text":"hedged using credit default swaps.","page_number":133,"box":{"x":513,"y":592,"width":256,"height":12}},{"id":"01ffaab1-7d4d-4f23-a94e-365e4a8a1277","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":133,"box":{"x":512,"y":617,"width":450,"height":9}},{"id":"d9c7fe8e-10fa-4902-aa66-6a8987aa97fc","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":133,"box":{"x":513,"y":632,"width":449,"height":11}},{"id":"2e79828a-b006-44a8-adce-c3c6f05f1beb","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":133,"box":{"x":512,"y":646,"width":450,"height":10}},{"id":"d0437773-05dd-4610-9830-5e9d7b48eefb","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":133,"box":{"x":512,"y":660,"width":450,"height":11}},{"id":"1d37aed2-9738-401c-9a19-bed39780a005","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":133,"box":{"x":512,"y":674,"width":450,"height":12}},{"id":"2065bff1-255f-4df2-bae7-4c659a29b59e","block_type":"box","text":"Carlo simulation methodology.","page_number":133,"box":{"x":512,"y":689,"width":223,"height":11}},{"id":"c5fd5ec2-4fb6-44c3-8aff-5d76d642ce1b","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":133,"box":{"x":512,"y":714,"width":445,"height":11}},{"id":"a1789a93-aa13-46a0-890c-d511294d19eb","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":133,"box":{"x":513,"y":728,"width":444,"height":11}},{"id":"90622a7f-e233-4cc8-933e-6f642fea19e7","block_type":"box","text":"portfolio over a specific timeframe.","page_number":133,"box":{"x":513,"y":742,"width":253,"height":11}},{"id":"c3fe4d62-bcb8-4546-a049-06c9b9a94d3a","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":133,"box":{"x":512,"y":767,"width":444,"height":11}},{"id":"caf3c7c7-f851-4b18-b91a-cce26d95ce66","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":133,"box":{"x":512,"y":781,"width":445,"height":12}},{"id":"ee789482-4ef6-4799-b947-b2c7d3a4aff7","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":133,"box":{"x":513,"y":796,"width":443,"height":11}},{"id":"b8247db7-2b93-46c3-ac4a-1ed840c24595","block_type":"box","text":"based on the 99th percentile.","page_number":133,"box":{"x":513,"y":810,"width":214,"height":11}},{"id":"c0616d43-ede3-4107-8a3e-50eaace48e63","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Responsible Strategic","page_number":133,"box":{"x":512,"y":835,"width":445,"height":11}},{"id":"52950e48-5591-4228-863e-b3f2c9d43662","block_type":"box","text":"Bond, as at 3 July 2026, was 3.03% (31 December 2025:","page_number":133,"box":{"x":513,"y":849,"width":449,"height":11}},{"id":"58f9d167-1176-4fdb-8517-18f98f54e9f6","block_type":"box","text":"2.79%). The lowest, highest, and average utilisation in","page_number":133,"box":{"x":512,"y":863,"width":450,"height":12}},{"id":"bf8df800-354f-4fbd-815d-a13aafbec6d3","block_type":"box","text":"the period was 2.54%, 3.48% and 2.99%, respectively","page_number":133,"box":{"x":512,"y":877,"width":450,"height":12}},{"id":"9da2c0cb-1d3b-476d-adae-3136f76def93","block_type":"box","text":"(31 December 2025: 2.68%, 3.60% and 3.12%, respectively).","page_number":133,"box":{"x":513,"y":892,"width":443,"height":11}},{"id":"168fc6cd-7238-42e0-a2cc-dbe85cf086fb","block_type":"box","text":"133","page_number":134,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"ae556c5a-aa12-46b4-a302-831e6a02e6f6","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":134,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"682cee0d-fef3-457b-9acf-40b132fae43c","block_type":"box","text":"Investment Review \r\new","page_number":134,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"bd02a1c7-5cb2-4a5e-8b3d-b8001405d48f","block_type":"box","text":"Investment Review","page_number":134,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"b87fac3e-eda0-4f57-890e-f22f564b31e3","block_type":"box","text":"Sub-fund Performance","page_number":134,"box":{"x":42,"y":95,"width":180,"height":9}},{"id":"b58e586f-8dea-4c56-91d9-8678cd771534","block_type":"box","text":"Cumulative performance","page_number":134,"box":{"x":49,"y":114,"width":196,"height":11}},{"id":"bfb17e1f-a0a2-4a0f-8205-c6e3535e2cce","block_type":"box","text":"6 mos","page_number":134,"box":{"x":452,"y":121,"width":45,"height":9}},{"id":"a17d1c50-ddd3-4d0d-90f5-658ed6bdabdb","block_type":"box","text":"1 yr","page_number":134,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"41234bc0-e67d-4aaf-bd60-ea12cc1b9e90","block_type":"box","text":"3 yrs","page_number":134,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"9a618452-ea2a-44e3-b3a7-02dc65e9f304","block_type":"box","text":"5 yrs","page_number":134,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"b8d13fc8-6fbc-436e-9e95-b98f3b835a29","block_type":"box","text":"Since","page_number":134,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"11ab77ee-5991-46d2-891e-446d37885180","block_type":"box","text":"Inception","page_number":134,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"22c6ffb1-1a92-4d18-be5a-32a5530bf206","block_type":"box","text":"01 Jan 26 -","page_number":134,"box":{"x":433,"y":146,"width":83,"height":9}},{"id":"95dbbb81-3e85-4c92-bf16-14aba5795058","block_type":"box","text":"03 Jul 26","page_number":134,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"192bb94c-6102-4395-bbcc-d0dc6083708b","block_type":"box","text":"01 Jul 25 -","page_number":134,"box":{"x":543,"y":146,"width":77,"height":9}},{"id":"d7606c25-8694-4971-a71e-ad533b59713c","block_type":"box","text":"03 Jul 26","page_number":134,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"4ffc9044-f68a-4da1-967c-61fe0e1ac695","block_type":"box","text":"01 Jul 23 -","page_number":134,"box":{"x":642,"y":146,"width":77,"height":9}},{"id":"08a726aa-1c26-4aee-a0e5-4c2fabe22242","block_type":"box","text":"03 Jul 26","page_number":134,"box":{"x":642,"y":160,"width":67,"height":9}},{"id":"77d529b2-68ae-41f3-b217-004d318b4c2f","block_type":"box","text":"01 Jul 21 -","page_number":134,"box":{"x":756,"y":146,"width":77,"height":9}},{"id":"4c249a70-2f22-4160-874a-d90359a864a2","block_type":"box","text":"03 Jul 26","page_number":134,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"db5e4572-106e-42a5-9a7a-ed87ade2d2b9","block_type":"box","text":"04 May 06 -","page_number":134,"box":{"x":858,"y":146,"width":93,"height":11}},{"id":"7c15637f-4fc3-40d7-bb31-4344c7c66f5b","block_type":"box","text":"03 Jul 26","page_number":134,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"bd3ab448-0744-49bd-a7e7-3d6178b9f421","block_type":"box","text":"%","page_number":134,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"3d1ec454-d271-41b2-9e69-67f378d18ab6","block_type":"box","text":"%","page_number":134,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"530d7d49-2620-4d85-a64f-e4eb2ed89d05","block_type":"box","text":"%","page_number":134,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"1cc41ab1-3a29-4b07-82d4-c4b69d3be90c","block_type":"box","text":"%","page_number":134,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"ae7499ca-a921-478d-9497-83d3a142aeba","block_type":"box","text":"%","page_number":134,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"df3ae351-a1a1-4660-8d88-2a9fb106fb0b","block_type":"box","text":"Fund","page_number":134,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"06908cf6-52a6-407b-8166-4726028c45e0","block_type":"box","text":"I Acc (Net)","page_number":134,"box":{"x":308,"y":196,"width":77,"height":11}},{"id":"d01f0c60-3f13-4864-9b22-61633a516809","block_type":"box","text":"0.00","page_number":134,"box":{"x":459,"y":196,"width":31,"height":9}},{"id":"555f9584-50c5-4649-ad72-77817c9260b8","block_type":"box","text":"2.00","page_number":134,"box":{"x":565,"y":196,"width":32,"height":9}},{"id":"07f4477f-160d-4503-af25-29c92c588e49","block_type":"box","text":"13.20","page_number":134,"box":{"x":669,"y":196,"width":39,"height":9}},{"id":"97b66f6c-bc0a-4ac7-8fde-90d07bec1c18","block_type":"box","text":"-14.60","page_number":134,"box":{"x":771,"y":196,"width":46,"height":9}},{"id":"9631c51c-180f-439b-9b85-de27754b7ad1","block_type":"box","text":"70.20","page_number":134,"box":{"x":882,"y":196,"width":40,"height":9}},{"id":"ef02cfcc-d68c-4e29-945e-b496da04ac81","block_type":"box","text":"Comparator","page_number":134,"box":{"x":49,"y":210,"width":88,"height":11}},{"id":"da0ce731-b888-4f5c-831e-99a6680b4c2c","block_type":"box","text":"Index","page_number":134,"box":{"x":308,"y":210,"width":40,"height":9}},{"id":"b90135e4-4688-4743-a62d-2dd0f642afa9","block_type":"box","text":"0.40","page_number":134,"box":{"x":459,"y":210,"width":31,"height":9}},{"id":"5a1fd6b8-6f5b-44a6-9e1f-ff106d60fc1f","block_type":"box","text":"3.60","page_number":134,"box":{"x":565,"y":210,"width":32,"height":9}},{"id":"1ea5aeed-35f3-4c86-a70b-f9e5a2d8890f","block_type":"box","text":"14.70","page_number":134,"box":{"x":669,"y":210,"width":39,"height":9}},{"id":"35c077ee-1655-4ce6-a85a-059f5068e2e1","block_type":"box","text":"-11.50","page_number":134,"box":{"x":772,"y":210,"width":45,"height":9}},{"id":"8a687d06-721d-48d4-a393-8fd50121bc36","block_type":"box","text":"92.30","page_number":134,"box":{"x":881,"y":210,"width":41,"height":9}},{"id":"2b911f64-c52d-4b10-b25a-c64c2b0b4f63","block_type":"box","text":"Discrete performance","page_number":134,"box":{"x":50,"y":254,"width":171,"height":11}},{"id":"8ab2f660-ef04-4eb0-9022-c3d0776aecbe","block_type":"box","text":"01 Jul 25 -","page_number":134,"box":{"x":436,"y":254,"width":77,"height":9}},{"id":"9442b9c2-0716-4142-b8a9-5afe21fa8630","block_type":"box","text":"03 Jul 26","page_number":134,"box":{"x":441,"y":269,"width":67,"height":8}},{"id":"db1ef190-da4f-4ba1-9ead-59c0702269da","block_type":"box","text":"01 Jul 24 -","page_number":134,"box":{"x":543,"y":254,"width":77,"height":9}},{"id":"4028b789-f7a4-4a6d-8bce-dfbd8a579c2e","block_type":"box","text":"30 Jun 25","page_number":134,"box":{"x":545,"y":269,"width":72,"height":8}},{"id":"dcb1782d-d7f8-43a3-a921-9d88f5f52774","block_type":"box","text":"01 Jul 23 -","page_number":134,"box":{"x":649,"y":254,"width":77,"height":9}},{"id":"1b822c55-6f83-4226-89cf-8ddd75db7ee3","block_type":"box","text":"30 Jun 24","page_number":134,"box":{"x":652,"y":269,"width":72,"height":8}},{"id":"1384b456-d220-4b03-a832-511f04c1d7a9","block_type":"box","text":"01 Jul 22 -","page_number":134,"box":{"x":756,"y":254,"width":77,"height":9}},{"id":"440047d0-3716-4f70-aac9-129c53b9e90a","block_type":"box","text":"30 Jun 23","page_number":134,"box":{"x":758,"y":269,"width":72,"height":8}},{"id":"5f736dd9-11e1-4beb-8dff-1d3c73f6bf0c","block_type":"box","text":"01 Jul 21 -","page_number":134,"box":{"x":863,"y":254,"width":77,"height":9}},{"id":"cb714e0e-6f2a-40c5-822d-7ddcb316c9f6","block_type":"box","text":"30 Jun 22","page_number":134,"box":{"x":866,"y":269,"width":72,"height":8}},{"id":"b7d88ef0-bab3-4546-9c5c-2daabb13049d","block_type":"box","text":"%","page_number":134,"box":{"x":468,"y":291,"width":13,"height":9}},{"id":"efc7b75a-ec9b-441d-a17a-55c8a52d4412","block_type":"box","text":"%","page_number":134,"box":{"x":575,"y":291,"width":13,"height":9}},{"id":"cf157ee8-1bd2-4b70-9e45-0ab1834d418a","block_type":"box","text":"%","page_number":134,"box":{"x":681,"y":291,"width":13,"height":9}},{"id":"7671b24a-25c7-4736-aea8-837a6a87d9c1","block_type":"box","text":"%","page_number":134,"box":{"x":788,"y":291,"width":13,"height":9}},{"id":"288937ec-85f4-45fe-9a82-0128156e0390","block_type":"box","text":"%","page_number":134,"box":{"x":895,"y":291,"width":13,"height":9}},{"id":"8fa3296d-db45-4402-adeb-c73dcbf30cd5","block_type":"box","text":"Fund","page_number":134,"box":{"x":50,"y":304,"width":36,"height":9}},{"id":"d18d9210-ed02-4833-b4b9-ff6f4bbac468","block_type":"box","text":"I Acc (Net)","page_number":134,"box":{"x":308,"y":304,"width":77,"height":11}},{"id":"d4f209cf-b234-473f-af1f-eb355c16e8b3","block_type":"box","text":"2.00","page_number":134,"box":{"x":459,"y":304,"width":31,"height":9}},{"id":"abf0a292-fedc-48a9-a880-8bb0420dbf0c","block_type":"box","text":"2.80","page_number":134,"box":{"x":565,"y":304,"width":32,"height":9}},{"id":"30af59fb-524a-48c0-8861-5f91548621be","block_type":"box","text":"7.50","page_number":134,"box":{"x":672,"y":304,"width":31,"height":9}},{"id":"dc9136d6-9dd0-4d8c-8158-0c865c97a919","block_type":"box","text":"-10.60","page_number":134,"box":{"x":771,"y":304,"width":46,"height":9}},{"id":"6a621e99-c3d7-4960-9f83-ffd9a17b9387","block_type":"box","text":"-15.70","page_number":134,"box":{"x":878,"y":304,"width":47,"height":9}},{"id":"a8b7e587-2ecb-437d-a2eb-acdcb31bf27b","block_type":"box","text":"Comparator","page_number":134,"box":{"x":49,"y":318,"width":88,"height":12}},{"id":"191e980b-4abf-4830-a455-46c3ce648e81","block_type":"box","text":"Index","page_number":134,"box":{"x":308,"y":319,"width":40,"height":8}},{"id":"8f3628c8-d130-47d6-94f3-4d557375d85b","block_type":"box","text":"3.60","page_number":134,"box":{"x":459,"y":318,"width":31,"height":9}},{"id":"ca428310-434b-4157-9607-cd47bdcd0f25","block_type":"box","text":"3.50","page_number":134,"box":{"x":565,"y":318,"width":32,"height":9}},{"id":"df00a266-4604-4fde-a899-0a48fa584a96","block_type":"box","text":"7.10","page_number":134,"box":{"x":672,"y":318,"width":31,"height":9}},{"id":"b68b3700-ba64-4e2e-8840-1f2bd8b3c48d","block_type":"box","text":"-10.80","page_number":134,"box":{"x":771,"y":318,"width":46,"height":9}},{"id":"6ec12422-5de0-4427-9616-780d6df54b27","block_type":"box","text":"-13.20","page_number":134,"box":{"x":878,"y":318,"width":47,"height":9}},{"id":"c7640b8e-ad39-4ce0-a9ca-cbf4c3a3a2a3","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":134,"box":{"x":43,"y":360,"width":220,"height":5}},{"id":"74273fb5-c82f-493f-b46f-1474fbe071cc","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":134,"box":{"x":43,"y":379,"width":444,"height":7}},{"id":"ed1925cc-b0b9-4da4-ac90-feac66c39bdf","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":134,"box":{"x":42,"y":387,"width":445,"height":7}},{"id":"af2e5901-a8bf-455c-a627-071b0623a2ad","block_type":"box","text":"reinvested.","page_number":134,"box":{"x":42,"y":396,"width":48,"height":5}},{"id":"bc6ba24f-4d48-4f1c-a407-211310d6f0d0","block_type":"box","text":"Class I (Acc) has been used as the representative share class in the table above, which launched on","page_number":134,"box":{"x":42,"y":415,"width":445,"height":7}},{"id":"48b50b28-caa7-48c8-8196-f09322fd1a7a","block_type":"box","text":"4 May 2006. Prior to 31 October 2022, the sub-fund was named Sarasin Sterling Bond.","page_number":134,"box":{"x":42,"y":424,"width":387,"height":7}},{"id":"6c0c7796-20d5-4476-8f34-1393b3e5d6b4","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting marketing@","page_number":134,"box":{"x":43,"y":443,"width":444,"height":7}},{"id":"17df121d-9652-443e-99be-c0054f7ad1d7","block_type":"box","text":"sarasin.co.uk.","page_number":134,"box":{"x":42,"y":452,"width":61,"height":5}},{"id":"f895b36e-3062-49a7-a47b-b2805379ca5b","block_type":"box","text":"Performance","page_number":134,"box":{"x":43,"y":473,"width":101,"height":9}},{"id":"01b4e45b-5cb9-4a7b-9c3e-c0864569e734","block_type":"box","text":"The sub-fund produced a flat performance for the period","page_number":134,"box":{"x":42,"y":487,"width":450,"height":11}},{"id":"0f8c8656-ae59-4c72-999d-cda31f552fac","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 0.40% for the","page_number":134,"box":{"x":42,"y":502,"width":450,"height":11}},{"id":"00d2c015-6eaf-4e51-8890-c5a511c9153f","block_type":"box","text":"comparator benchmark.","page_number":134,"box":{"x":42,"y":516,"width":176,"height":11}},{"id":"cdb31a2f-7a68-41e3-9f9b-1723b72c257e","block_type":"box","text":"Review","page_number":134,"box":{"x":43,"y":541,"width":57,"height":9}},{"id":"ff3569ba-39d0-4dcd-91e5-9acfa4b78401","block_type":"box","text":"Bond markets were increasingly impacted by heightened","page_number":134,"box":{"x":43,"y":555,"width":449,"height":11}},{"id":"ed7ffaa6-094f-4f2b-ba2b-af128d345937","block_type":"box","text":"geopolitical tensions during the period. The escalation of","page_number":134,"box":{"x":42,"y":569,"width":450,"height":12}},{"id":"a7f39fce-40f5-43db-849a-7b9b331205c6","block_type":"box","text":"conflict in the Middle East contributed to greater uncertainty,","page_number":134,"box":{"x":42,"y":584,"width":450,"height":11}},{"id":"d165858a-8cae-4812-a9bd-f8696aff77ac","block_type":"box","text":"particularly through its impact on global energy markets,","page_number":134,"box":{"x":43,"y":598,"width":449,"height":11}},{"id":"09746007-4fc0-4e9f-a13b-a7f5dfb098d2","block_type":"box","text":"causing the outlook for economic growth to weaken. More","page_number":134,"box":{"x":42,"y":612,"width":450,"height":11}},{"id":"e9fa4ee0-744a-4418-8d6a-119c8143da24","block_type":"box","text":"broadly, this backdrop contributed to increased market","page_number":134,"box":{"x":43,"y":626,"width":449,"height":12}},{"id":"8159ec92-fbd7-4f0a-906b-7bddd6cc184d","block_type":"box","text":"volatility and a reassessment of global risk.","page_number":134,"box":{"x":42,"y":641,"width":324,"height":11}},{"id":"4aefc338-ea88-4df1-8c09-9402edd25b70","block_type":"box","text":"Inflation proved more persistent than previously expected,","page_number":134,"box":{"x":43,"y":666,"width":449,"height":11}},{"id":"4a743f4f-be86-4cfc-b124-1b9e3166ce90","block_type":"box","text":"reflecting higher energy prices and resilient underlying","page_number":134,"box":{"x":43,"y":680,"width":449,"height":11}},{"id":"c7641000-4f04-4904-b8db-99c74a92658e","block_type":"box","text":"demand. As a result, central banks adopted a more cautious","page_number":134,"box":{"x":42,"y":694,"width":445,"height":11}},{"id":"9cee5e2c-f1ea-463d-afcc-09936d0f36a0","block_type":"box","text":"stance, with expectations for interest rate cuts pushed","page_number":134,"box":{"x":42,"y":708,"width":444,"height":11}},{"id":"0898f034-1e91-4e26-876c-f122a01ccdcd","block_type":"box","text":"further out. In Europe, the European Central Bank raised","page_number":134,"box":{"x":42,"y":723,"width":444,"height":11}},{"id":"b52ba3f4-e8fc-458e-b25e-077d46af0046","block_type":"box","text":"interest rates in June, its first increase since 2023, while","page_number":134,"box":{"x":43,"y":737,"width":444,"height":10}},{"id":"00327592-3a4d-4172-aa56-55e0fcc0d852","block_type":"box","text":"in the UK, market pricing reflected the possibility of further","page_number":134,"box":{"x":43,"y":751,"width":445,"height":11}},{"id":"c8337382-c672-4348-b829-0e5074be43d6","block_type":"box","text":"policy tightening.","page_number":134,"box":{"x":43,"y":766,"width":122,"height":11}},{"id":"efe30549-0233-4e59-a0da-6bf16405e0f0","block_type":"box","text":"Fears of a more prolonged energy shock eased later in the","page_number":134,"box":{"x":43,"y":790,"width":444,"height":12}},{"id":"9b354dec-b954-42c6-aa9e-fc2da7715fe0","block_type":"box","text":"period, helping to support financial markets. Meanwhile,","page_number":134,"box":{"x":43,"y":805,"width":443,"height":11}},{"id":"a5bcf5e3-b9c1-4056-8a88-4a26064eca71","block_type":"box","text":"economic activity remained underpinned by resilient labour","page_number":134,"box":{"x":42,"y":819,"width":446,"height":11}},{"id":"2b212ed7-a81a-48cf-8331-759892782d98","block_type":"box","text":"markets, ongoing fiscal spending and continued investment","page_number":134,"box":{"x":43,"y":833,"width":444,"height":11}},{"id":"8bb5544a-1260-4593-abdc-6d9b007766e7","block_type":"box","text":"in artificial intelligence. Across the major economies, growth","page_number":134,"box":{"x":43,"y":847,"width":449,"height":12}},{"id":"e28c6974-a5aa-4a52-ab07-13c76e79cbd0","block_type":"box","text":"remained positive, with the US continuing to outperform the","page_number":134,"box":{"x":43,"y":862,"width":449,"height":11}},{"id":"60723421-d177-4945-8be7-4fd757f7b5d2","block_type":"box","text":"UK and Europe.","page_number":134,"box":{"x":43,"y":876,"width":123,"height":11}},{"id":"81b989ae-ac51-4cff-9dd9-44770a29656d","block_type":"box","text":"A negative performance by sterling corporate bonds during","page_number":134,"box":{"x":42,"y":901,"width":450,"height":11}},{"id":"ec9c0a45-02d5-4469-b3bc-b450cff575bc","block_type":"box","text":"the first three months of 2026 became positive in the","page_number":134,"box":{"x":42,"y":915,"width":445,"height":11}},{"id":"be7bc596-4bb6-452a-b30a-5e07af284645","block_type":"box","text":"following three months, and they outperformed government","page_number":134,"box":{"x":42,"y":929,"width":445,"height":12}},{"id":"e679e037-d52e-4320-a62d-aac0794e6181","block_type":"box","text":"bonds throughout the period.","page_number":134,"box":{"x":43,"y":944,"width":212,"height":11}},{"id":"72c72817-fca2-46fc-842a-64d84b12db25","block_type":"box","text":"Positives","page_number":134,"box":{"x":513,"y":362,"width":72,"height":9}},{"id":"c57044f3-704b-4a85-a12a-ac2848ca72ac","block_type":"box","text":"The sub-fund benefitted from our modest risk-facing","page_number":134,"box":{"x":512,"y":376,"width":450,"height":11}},{"id":"fd15317d-5cf8-4767-8914-a184252a1a57","block_type":"box","text":"position relative to the benchmark, as well as selective","page_number":134,"box":{"x":513,"y":391,"width":449,"height":11}},{"id":"b4f455c3-1326-4c78-af81-aae1b601764d","block_type":"box","text":"profit-taking amid elevated geopolitical tensions and","page_number":134,"box":{"x":513,"y":405,"width":449,"height":11}},{"id":"bdf5f53a-8adf-4653-8072-8b074d593baa","block_type":"box","text":"changing expectations for monetary policy.","page_number":134,"box":{"x":512,"y":419,"width":315,"height":11}},{"id":"2e50b4bc-cc5d-4880-93eb-9b2cff051d55","block_type":"box","text":"In the first three months of the period, our positioning within","page_number":134,"box":{"x":513,"y":444,"width":449,"height":11}},{"id":"02eff9fa-9082-41eb-825f-aa306ebfb090","block_type":"box","text":"sovereigns contributed modestly to performance, while an","page_number":134,"box":{"x":512,"y":458,"width":450,"height":11}},{"id":"6bf974f5-0252-46de-a712-bac20d2a7b59","block_type":"box","text":"underweight position in supranational bonds also added","page_number":134,"box":{"x":513,"y":473,"width":449,"height":11}},{"id":"fbdef5af-b5a9-4669-9f88-f9186b03cfb5","block_type":"box","text":"value as the sector underperformed. In the final three months","page_number":134,"box":{"x":512,"y":487,"width":450,"height":11}},{"id":"ad147ddd-c91e-4dc7-9300-79afa05fb5ce","block_type":"box","text":"of the period, positive contributions also came from banking,","page_number":134,"box":{"x":512,"y":501,"width":450,"height":11}},{"id":"cd12e449-06de-4824-9d0f-6a47c986b371","block_type":"box","text":"asset-backed securities and utilities.","page_number":134,"box":{"x":512,"y":515,"width":267,"height":9}},{"id":"c91a6b48-62a1-4dd4-9e89-b579a9ccdf2c","block_type":"box","text":"Negatives","page_number":134,"box":{"x":513,"y":540,"width":77,"height":11}},{"id":"3a6ff71e-2254-426a-8c15-ea0bb09f742d","block_type":"box","text":"During the first three months of the period, we saw weaker","page_number":134,"box":{"x":513,"y":554,"width":449,"height":12}},{"id":"ef65ff96-5bee-4007-8c79-c8664b48d3ca","block_type":"box","text":"performance in real estate and asset-backed securities. In the","page_number":134,"box":{"x":513,"y":569,"width":449,"height":11}},{"id":"c2c68331-67ed-45a5-9500-e7f4f31e0473","block_type":"box","text":"last three months of the period, the sub-fund underperformed","page_number":134,"box":{"x":513,"y":583,"width":449,"height":11}},{"id":"1861ad11-49a0-497d-925c-2c8f0193e8b9","block_type":"box","text":"due to our lack of exposure to some of the more cyclical","page_number":134,"box":{"x":512,"y":597,"width":450,"height":11}},{"id":"da3e4d42-a390-4ce7-9880-da9136af86c9","block_type":"box","text":"sectors, such as automobiles and energy, which performed","page_number":134,"box":{"x":512,"y":611,"width":450,"height":12}},{"id":"2d1910c7-04fd-4882-b4e9-56a2fbf2bdb2","block_type":"box","text":"well over the period. Security selection detracted from","page_number":134,"box":{"x":512,"y":626,"width":450,"height":11}},{"id":"9ab6db53-8463-40bc-832d-07ade22e1b64","block_type":"box","text":"relative performance in sovereigns and real estate.","page_number":134,"box":{"x":513,"y":640,"width":374,"height":11}},{"id":"94922178-0683-4e0d-91d8-031561b5622b","block_type":"box","text":"We retained a slightly overweight duration position relative","page_number":134,"box":{"x":512,"y":665,"width":450,"height":11}},{"id":"bdd67924-2c41-4d96-b30b-3d707c5be8c2","block_type":"box","text":"to the benchmark, with our positioning along the yield curve","page_number":134,"box":{"x":512,"y":679,"width":450,"height":11}},{"id":"1b4e35c5-3951-445c-848a-5a48e2a09e05","block_type":"box","text":"marginally detracting from performance.","page_number":134,"box":{"x":513,"y":693,"width":294,"height":12}},{"id":"7c20778a-51f7-4210-8d5b-4c3d986dd384","block_type":"box","text":"Transactions","page_number":134,"box":{"x":512,"y":719,"width":102,"height":8}},{"id":"f77a93f2-a36a-4e2c-955c-f175579404d0","block_type":"box","text":"We continued to favour a modestly higher level of risk in the","page_number":134,"box":{"x":512,"y":733,"width":444,"height":11}},{"id":"50bec960-5f17-4b86-9756-98118081b727","block_type":"box","text":"sub-fund relative to the benchmark, with a bias towards more","page_number":134,"box":{"x":512,"y":747,"width":444,"height":10}},{"id":"a11ce101-2241-47bb-af75-d64cc44dc9d0","block_type":"box","text":"defensive sectors. This positioning provided some protection","page_number":134,"box":{"x":512,"y":761,"width":444,"height":11}},{"id":"052a97b8-fbda-4e60-802d-c43f87a13f80","block_type":"box","text":"following the escalation of the conflict in the Middle East and","page_number":134,"box":{"x":512,"y":775,"width":444,"height":12}},{"id":"b5ba659e-e9f7-4626-afe3-dffc6b65bdd2","block_type":"box","text":"the associated increase in market volatility and persistent","page_number":134,"box":{"x":512,"y":790,"width":445,"height":11}},{"id":"a71bafe8-7380-4b96-88dd-54ab6bb45fe3","block_type":"box","text":"inflationary pressures.","page_number":134,"box":{"x":513,"y":804,"width":161,"height":11}},{"id":"11d5ff1a-4a26-4a35-b04d-df158d743d0e","block_type":"box","text":"134","page_number":135,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"f427fc74-a43b-4853-906d-d19956a068da","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":135,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"de99840d-392b-46e4-a25b-5a1136116b7b","block_type":"box","text":"Notable additions included Alphabet and Transport for","page_number":135,"box":{"x":43,"y":109,"width":449,"height":11}},{"id":"3c63a7d9-eadc-4ea9-9560-be9b4e02b141","block_type":"box","text":"London, Digital Realty Trust and Morgan Stanley, where we","page_number":135,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"b1821c33-a885-479e-a140-86b112d8d7fa","block_type":"box","text":"identified attractive relative value. In financials, we rotated","page_number":135,"box":{"x":43,"y":138,"width":449,"height":10}},{"id":"2ae73ae8-8665-4b1b-81d1-bf6e8f0d9643","block_type":"box","text":"some of our UK bank exposure into Italian banks, reflecting a","page_number":135,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"0a6622dd-ac9a-44c7-9166-61295f469bde","block_type":"box","text":"more attractive risk-return profile. Within telecommunications,","page_number":135,"box":{"x":43,"y":166,"width":449,"height":11}},{"id":"5cfa5d30-c688-432c-bad3-a9a0ca8fd872","block_type":"box","text":"we reduced our exposure to US telecom issuers, reflecting","page_number":135,"box":{"x":42,"y":181,"width":450,"height":11}},{"id":"4548af9e-a6a9-4e4d-9df1-3b63bcba625a","block_type":"box","text":"our view that valuations now offer limited upside. We see","page_number":135,"box":{"x":42,"y":195,"width":450,"height":11}},{"id":"8c75be63-add0-4604-a498-86ab588f3de3","block_type":"box","text":"better long-term value in European telecom issuers and","page_number":135,"box":{"x":43,"y":209,"width":449,"height":11}},{"id":"9d3dc9e3-2aa3-456c-9e9a-52c09818ad7d","block_type":"box","text":"expect to rotate exposure towards the sector as opportunities","page_number":135,"box":{"x":42,"y":224,"width":450,"height":11}},{"id":"49aa2e45-a23a-4476-bdcc-218167a62a6c","block_type":"box","text":"arise.","page_number":135,"box":{"x":42,"y":238,"width":39,"height":9}},{"id":"b380ea06-e111-48ae-b2dc-744d9f9ee20d","block_type":"box","text":"We selectively took profits in a number of holdings, including","page_number":135,"box":{"x":42,"y":263,"width":450,"height":11}},{"id":"a39e0a5e-f35d-4cfa-9b52-991a36227562","block_type":"box","text":"Center Parcs, Bazalgette Finance and Segro, where","page_number":135,"box":{"x":43,"y":277,"width":449,"height":11}},{"id":"5e1f6cd3-6626-4a54-949b-336124e3b7c5","block_type":"box","text":"valuations had become increasingly stretched.","page_number":135,"box":{"x":42,"y":291,"width":343,"height":11}},{"id":"fbe6b9c6-1032-4c35-a87d-059dce9fd3fc","block_type":"box","text":"Outlook","page_number":135,"box":{"x":43,"y":316,"width":62,"height":9}},{"id":"e782d759-e36f-4488-b6e6-fdc80629ec6e","block_type":"box","text":"The outlook for the global economy remains broadly","page_number":135,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"55b513c4-33a6-4c77-ba25-6c3532388508","block_type":"box","text":"supportive. Although geopolitical uncertainty is likely to","page_number":135,"box":{"x":42,"y":345,"width":450,"height":11}},{"id":"bd506adb-c39a-4eec-988a-7f8d8d5c07bf","block_type":"box","text":"persist, resilient labour markets should continue to underpin","page_number":135,"box":{"x":43,"y":359,"width":449,"height":11}},{"id":"f8946d7c-b9b3-4656-8521-bae96c16ab92","block_type":"box","text":"economic activity, provided energy prices continue to","page_number":135,"box":{"x":42,"y":373,"width":450,"height":11}},{"id":"bb6ffe2c-cc1f-4e4c-a856-0833d6e42f05","block_type":"box","text":"moderate. Growth in the UK and Europe is likely to remain","page_number":135,"box":{"x":43,"y":387,"width":449,"height":12}},{"id":"9de8f874-1259-4a70-ba4c-0ae2f86004ec","block_type":"box","text":"subdued but positive, while the US economy is expected","page_number":135,"box":{"x":42,"y":402,"width":450,"height":11}},{"id":"57e35ccf-1b34-446c-a8be-38745cd00b08","block_type":"box","text":"to continue expanding at a stronger pace. With inflation","page_number":135,"box":{"x":42,"y":416,"width":450,"height":11}},{"id":"83a204e1-8b0f-46d1-891b-2b2ce037def1","block_type":"box","text":"expected to remain persistent, central banks are likely to","page_number":135,"box":{"x":42,"y":430,"width":450,"height":11}},{"id":"3ba50abb-4d49-404e-8656-4c5b32939c5e","block_type":"box","text":"maintain a cautious approach, with interest rates remaining","page_number":135,"box":{"x":43,"y":445,"width":449,"height":11}},{"id":"cdcd005f-1f76-484f-8424-20c3b1b028b6","block_type":"box","text":"higher for longer.","page_number":135,"box":{"x":43,"y":459,"width":123,"height":11}},{"id":"cef1934f-b2e0-4b26-8485-12a3aede3582","block_type":"box","text":"We continue to see value in sterling corporate bonds despite","page_number":135,"box":{"x":42,"y":484,"width":450,"height":11}},{"id":"e82fd241-a037-4f2c-ab64-ae14ab231bc6","block_type":"box","text":"low levels of compensation for credit risk by historical","page_number":135,"box":{"x":43,"y":498,"width":449,"height":11}},{"id":"5a95e380-28d8-4234-b74a-1dd316e9c3f5","block_type":"box","text":"standards. All-in yields remain attractive, supported by","page_number":135,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"1165f71f-26ae-4dbc-bce1-ae1430d6cb6a","block_type":"box","text":"elevated government bond yields, while healthy corporate","page_number":135,"box":{"x":42,"y":527,"width":450,"height":11}},{"id":"321f234d-493d-4f12-8d6b-c0507380768d","block_type":"box","text":"fundamentals and resilient investor demand continue to","page_number":135,"box":{"x":42,"y":541,"width":450,"height":9}},{"id":"83321094-64dd-4730-ba2a-ad8c283d2bbe","block_type":"box","text":"underpin the asset class. In this environment, we maintain a","page_number":135,"box":{"x":43,"y":555,"width":449,"height":11}},{"id":"8581e20b-6d08-45f2-8d93-79281ac7fcf2","block_type":"box","text":"selective approach to risk, with a bias towards higher-quality","page_number":135,"box":{"x":42,"y":569,"width":450,"height":11}},{"id":"f377756d-f98c-4ccc-9afc-6c72b065ab35","block_type":"box","text":"and more defensive sectors. We believe the sub-fund is well","page_number":135,"box":{"x":42,"y":583,"width":450,"height":9}},{"id":"55303e62-7980-4f10-be9d-12fc8adcd85c","block_type":"box","text":"placed to adapt as market conditions evolve and to withstand","page_number":135,"box":{"x":43,"y":598,"width":449,"height":11}},{"id":"1cb715a7-306c-4f19-99af-abb416a16a01","block_type":"box","text":"periods of heightened market volatility.","page_number":135,"box":{"x":43,"y":612,"width":283,"height":11}},{"id":"470caf74-5c5c-427e-96d7-f3d03c3c6041","block_type":"box","text":"Phil Collins","page_number":135,"box":{"x":43,"y":698,"width":81,"height":8}},{"id":"ae29c90a-8ba1-458b-bda0-674eebe44586","block_type":"box","text":"Chief Investment Officer – Multi-Asset","page_number":135,"box":{"x":43,"y":712,"width":280,"height":9}},{"id":"cd0a814e-893a-4967-8e9d-9dce52ac7217","block_type":"box","text":"Sarasin & Partners LLP","page_number":135,"box":{"x":43,"y":726,"width":174,"height":9}},{"id":"d4baa573-4f07-4f34-a931-b0ef7e41ca33","block_type":"box","text":"28 July 2026","page_number":135,"box":{"x":42,"y":740,"width":94,"height":11}},{"id":"0e2658cf-c9bb-44f9-b214-3df6cd025078","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":135,"box":{"x":42,"y":775,"width":445,"height":9}},{"id":"55bdde67-e04d-4eb4-bc0b-f4a3af8d91a4","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":135,"box":{"x":41,"y":786,"width":446,"height":9}},{"id":"e5de2346-5ec4-4443-8ccf-2e9fbfe00433","block_type":"box","text":"without notice.","page_number":135,"box":{"x":42,"y":798,"width":85,"height":7}},{"id":"1c480705-b1ba-4078-9011-1dbcd5e80977","block_type":"box","text":"Top 10 purchases during the period","page_number":135,"box":{"x":512,"y":82,"width":283,"height":11}},{"id":"570c7438-8cc6-4387-9029-b1dd5cd108a4","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":135,"box":{"x":513,"y":95,"width":288,"height":11}},{"id":"de0500d5-239f-4462-8d99-f2d38f9ac972","block_type":"box","text":"United Kingdom Gilt 4.25% 07/03/2036","page_number":135,"box":{"x":513,"y":108,"width":288,"height":12}},{"id":"0f993887-eb25-4c7b-a891-6c3bf98b0ab4","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2027","page_number":135,"box":{"x":513,"y":122,"width":288,"height":11}},{"id":"174b363b-6033-4b3a-b325-dd68b99f4d2a","block_type":"box","text":"United Kingdom Gilt 4.75% 07/12/2030","page_number":135,"box":{"x":513,"y":135,"width":288,"height":11}},{"id":"485037e4-5b07-4b26-8a33-9a62bbdf968a","block_type":"box","text":"Intesa Sanpaolo 8.505% 20/09/2032","page_number":135,"box":{"x":513,"y":148,"width":269,"height":12}},{"id":"ab50cf0b-bb83-4a5d-a2fd-c85a6feffa97","block_type":"box","text":"Lloyds Banking Group 5.25% 16/10/2031","page_number":135,"box":{"x":513,"y":162,"width":302,"height":11}},{"id":"28b5a103-252d-42eb-9645-5c39ec72cd30","block_type":"box","text":"Credit Agricole 5.375% 20/12/2037","page_number":135,"box":{"x":512,"y":175,"width":258,"height":12}},{"id":"9d877a2e-f5eb-45cd-be32-e394e6a906ee","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":135,"box":{"x":513,"y":189,"width":288,"height":11}},{"id":"4d197332-5706-4df1-a1f8-621173c70c23","block_type":"box","text":"United Kingdom Gilt 4.25% 7/12/2040","page_number":135,"box":{"x":513,"y":202,"width":279,"height":11}},{"id":"1d78bca3-bb12-4270-be40-066c0720fafa","block_type":"box","text":"Electricite de France 6.125% 02/06/2034","page_number":135,"box":{"x":513,"y":215,"width":301,"height":10}},{"id":"fa7e65b4-39f3-4efe-8690-b691a8c3eb5e","block_type":"box","text":"Top 10 sales during the period","page_number":135,"box":{"x":512,"y":235,"width":241,"height":11}},{"id":"5ae1faea-81b7-4d2d-8522-a98fa50f2b11","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2027","page_number":135,"box":{"x":513,"y":248,"width":288,"height":11}},{"id":"3574da15-ac21-42e4-baf5-e5cc6431fcc4","block_type":"box","text":"United Kingdom Gilt 3.25% 22/01/2044","page_number":135,"box":{"x":513,"y":261,"width":288,"height":12}},{"id":"b48dfc45-4fb9-4602-982a-3c28a0ffe0d4","block_type":"box","text":"United Kingdom Gilt 3.75% 22/07/2052","page_number":135,"box":{"x":513,"y":275,"width":288,"height":11}},{"id":"acb70a65-404e-4fec-ae51-47a70bd162ca","block_type":"box","text":"United Kingdom Gilt 4.25% 07/03/2036","page_number":135,"box":{"x":513,"y":288,"width":288,"height":11}},{"id":"4f767068-56e6-4db3-ad9f-3eb752666d5f","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":135,"box":{"x":513,"y":302,"width":288,"height":11}},{"id":"8960257d-a8cc-47fc-88a8-2e2618468028","block_type":"box","text":"European Investment Bank 6.00% 07/12/2028","page_number":135,"box":{"x":513,"y":315,"width":347,"height":11}},{"id":"ccc58abd-2e9a-4948-aefd-76655b236f53","block_type":"box","text":"Kreditanstalt fuer Wiederaufbau 6.00% 07/12/2028","page_number":135,"box":{"x":513,"y":328,"width":375,"height":9}},{"id":"1f4d9b20-0c21-46da-a0e6-72d92d3d5daf","block_type":"box","text":"United Kingdom Gilt 4.00% 22/01/2060","page_number":135,"box":{"x":513,"y":342,"width":288,"height":11}},{"id":"a5ce2165-2f7c-41f5-84e4-14199d71a55f","block_type":"box","text":"PRS Finance 1.75% 24/11/2026","page_number":135,"box":{"x":513,"y":355,"width":237,"height":9}},{"id":"fc4652dd-3a21-45cd-a74c-a4e8359cc90c","block_type":"box","text":"United Kingdom Gilt 4.75% 07/12/2030","page_number":135,"box":{"x":513,"y":369,"width":288,"height":11}},{"id":"d8437dc0-227b-45b4-92ae-2982ca9d6589","block_type":"box","text":"Investment Review (continued)","page_number":135,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"0b369677-6efb-4ff4-be2f-d79624736665","block_type":"box","text":"Transactions (continued)","page_number":135,"box":{"x":42,"y":95,"width":199,"height":11}},{"id":"94cb3702-5302-49a6-b19e-39756aa12156","block_type":"box","text":"135","page_number":136,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"bff8ba5a-5218-4103-96e6-d948b2457f62","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":136,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"532e2650-0669-4299-80dd-cf684c23c4c2","block_type":"box","text":"Sub-fund Information","page_number":136,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"dd3afa07-a1b4-413a-96fd-9f50099e510c","block_type":"box","text":"Risk and Reward Profile","page_number":136,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"bf4860ab-f157-45cd-8de1-0c2cc0f352e8","block_type":"box","text":"0","page_number":136,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"43c80589-4949-4bec-b7f4-547823e4e2dc","block_type":"box","text":"Lower2","page_number":136,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"1530d94b-f316-4e2a-875c-4ab4f6065709","block_type":"box","text":"er2","page_number":136,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"e46d9917-9f11-4f4a-9f8c-ad6f3b216682","block_type":"box","text":"risk","page_number":136,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"eea6cffa-ed0c-4d76-91df-1e73459aecd3","block_type":"box","text":"Higher","page_number":136,"box":{"x":884,"y":145,"width":42,"height":8}},{"id":"be94c813-0da7-4334-9320-89a15c62b6b4","block_type":"box","text":"risk","page_number":136,"box":{"x":930,"y":145,"width":23,"height":6}},{"id":"e348cc22-0dc4-4112-9117-3788013250a3","block_type":"box","text":"Typically","page_number":136,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"fa1a97b5-8937-48ad-b674-2757e60bd0b8","block_type":"box","text":"lower rewards","page_number":136,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"f8f00733-c009-4edb-a013-97e306ac301a","block_type":"box","text":"Typically","page_number":136,"box":{"x":809,"y":156,"width":52,"height":9}},{"id":"3c714494-5839-428c-b10c-2bf0667ecfde","block_type":"box","text":"higher rewards","page_number":136,"box":{"x":866,"y":156,"width":87,"height":9}},{"id":"79ba3a08-9e1b-4871-9826-5290ad3af910","block_type":"box","text":"1","page_number":136,"box":{"x":107,"y":179,"width":4,"height":7}},{"id":"4456763b-1790-46d6-a3a6-c9fbbaab14f7","block_type":"box","text":"2","page_number":136,"box":{"x":236,"y":179,"width":6,"height":7}},{"id":"ad973040-c6c3-44ea-8cba-94f480f0ed54","block_type":"box","text":"3","page_number":136,"box":{"x":366,"y":179,"width":6,"height":7}},{"id":"86ad9bc6-fef2-4587-871e-9c3d0c3c0686","block_type":"box","text":"4","page_number":136,"box":{"x":495,"y":179,"width":7,"height":7}},{"id":"c9849a2e-5a7e-46dc-908a-70627221f585","block_type":"box","text":"5","page_number":136,"box":{"x":624,"y":179,"width":7,"height":7}},{"id":"68114ed0-f35e-43b8-850e-7802d4092f70","block_type":"box","text":"6","page_number":136,"box":{"x":754,"y":179,"width":6,"height":7}},{"id":"4ab01c68-06fd-4ee4-b641-780c3a535460","block_type":"box","text":"7","page_number":136,"box":{"x":883,"y":179,"width":7,"height":7}},{"id":"0fbde152-74ad-40eb-bfef-a70095c040b3","block_type":"box","text":"•","page_number":136,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"374141aa-3b96-41ff-921c-20e9ab0dc040","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":136,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"c03aca81-da39-4f1b-99e0-41855ef38952","block_type":"box","text":"•","page_number":136,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"93cc36e4-a751-49ac-9dc0-75cc2bb94003","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":136,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"071ee7ee-4a38-49b4-85b7-b9ce89cd5782","block_type":"box","text":"•","page_number":136,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"9fafc0bb-2d5d-4763-8583-1091d8cc60c4","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":136,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"1c798ebe-dc69-4a5a-a35c-85af61c92d46","block_type":"box","text":"The Risk and Reward Indicator","page_number":136,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"cc4d61bc-06b2-4f03-a230-d639bb36756c","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":136,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"661c49e3-0999-46f8-970b-062557b63391","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":136,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"2114815f-cb31-4166-888c-0092560800a4","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":136,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"0a1aab0f-5839-434c-9250-8a05c3006e07","block_type":"box","text":"but the greater the risk of losing money.","page_number":136,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"a868af15-c170-44d7-af60-fa17ca8e0752","block_type":"box","text":"The sub-fund is ranked at 4 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":136,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"f24f1a39-249f-4200-a4f2-adf4f7e9c91c","block_type":"box","text":"moderate levels of volatility historically.","page_number":136,"box":{"x":43,"y":359,"width":292,"height":11}},{"id":"8d2a9e32-29b2-4ffb-bd47-06b61c32db5e","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":136,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"d726bfed-6467-4d86-864e-252b8148fa2b","block_type":"box","text":"Bond Risk:","page_number":136,"box":{"x":42,"y":398,"width":88,"height":9}},{"id":"361a866e-8449-410a-8e49-8daf2af6a5f2","block_type":"box","text":"In stressed conditions bonds may become harder to sell in a timely manner, resulting in unpredictable changes","page_number":136,"box":{"x":131,"y":398,"width":831,"height":11}},{"id":"977b7e1d-e8cd-4654-a69f-71ba05651cc7","block_type":"box","text":"in the value of your holding.","page_number":136,"box":{"x":43,"y":412,"width":203,"height":12}},{"id":"679ad85e-bf65-4d83-a412-19c274389342","block_type":"box","text":"Emerging Markets Risk:","page_number":136,"box":{"x":43,"y":437,"width":194,"height":11}},{"id":"eb8495db-86d5-48d7-9af6-ac4ab4ce6582","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":136,"box":{"x":237,"y":437,"width":725,"height":11}},{"id":"8356f3c7-e30b-48ed-b2f5-4971130be3bb","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":136,"box":{"x":43,"y":451,"width":919,"height":12}},{"id":"0483d59c-4fa2-4d9a-a1a0-e83e76aea8b0","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":136,"box":{"x":42,"y":466,"width":777,"height":11}},{"id":"d4f337fa-8738-4539-a3bf-dbe8fdbace29","block_type":"box","text":"Derivatives Risk:","page_number":136,"box":{"x":43,"y":491,"width":135,"height":9}},{"id":"3cbd946b-3ebe-4750-97a0-7ecf9eb6edae","block_type":"box","text":"Derivatives are financial instruments whose value is linked to the expected future price movements of","page_number":136,"box":{"x":179,"y":491,"width":783,"height":11}},{"id":"c94cd944-418c-450e-a26d-15a2ffcf170d","block_type":"box","text":"an underlying asset. Derivatives such as futures, forward contracts, options, and swaps may be used to seek to manage","page_number":136,"box":{"x":42,"y":505,"width":920,"height":11}},{"id":"9b434d4c-ca5c-4265-b858-d2e92579ecff","block_type":"box","text":"risk within the sub-fund, reduce investment costs and generate additional income. However, these strategies may not be","page_number":136,"box":{"x":43,"y":519,"width":919,"height":11}},{"id":"ae529939-a490-4d73-8d6a-d72c8616bac0","block_type":"box","text":"successful and could lead to losses greater than the cost of the derivative.","page_number":136,"box":{"x":42,"y":534,"width":548,"height":11}},{"id":"9e977fd3-e842-468e-8cfb-9d3e63eca5c0","block_type":"box","text":"Operational Risk:","page_number":136,"box":{"x":43,"y":559,"width":138,"height":10}},{"id":"340843cb-5a50-4d8a-be62-9eb69ea7ae18","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":136,"box":{"x":181,"y":558,"width":781,"height":12}},{"id":"a1a6296c-9eb2-49f0-aa45-c228d21f43f3","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":136,"box":{"x":43,"y":573,"width":894,"height":11}},{"id":"cf41fb0d-4b58-4521-a217-74e8f914cad3","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":136,"box":{"x":43,"y":598,"width":275,"height":11}},{"id":"e8869735-a4c9-4b17-87dc-a24f97a515b6","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":136,"box":{"x":318,"y":598,"width":644,"height":11}},{"id":"3cb91ede-e60c-44a3-8963-6c85df1e7c7e","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":136,"box":{"x":43,"y":612,"width":423,"height":11}},{"id":"d743b419-9953-499f-aa97-5a1d0066af51","block_type":"box","text":"Charges deducted from capital:","page_number":136,"box":{"x":43,"y":637,"width":258,"height":11}},{"id":"870f346d-58ef-4188-ac3a-ed519fc011d9","block_type":"box","text":"The sub-fund has charges deducted from capital which may reduce the potential for","page_number":136,"box":{"x":301,"y":637,"width":661,"height":11}},{"id":"6dd5351a-bf26-4b5b-9a57-24da4b16a0a9","block_type":"box","text":"growth.","page_number":136,"box":{"x":42,"y":651,"width":53,"height":11}},{"id":"26e2434d-ef45-497d-a3de-3779976c72fc","block_type":"box","text":"136","page_number":137,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"e274134e-9174-4ef1-8ab8-8affaf3d3be2","block_type":"box","text":"137","page_number":137,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"8af48e08-6045-46a1-b27e-06d6dc65a36c","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":137,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"a0aa397e-fd2a-46e8-8efc-1b1affda6297","block_type":"box","text":"Portfolio Statement","page_number":137,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"0a97519d-2af5-4a53-9412-0d8602b04b41","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":137,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"781e3add-9b80-410a-bd6d-1957420d76af","block_type":"box","text":"Holding/Nominal Value","page_number":137,"box":{"x":51,"y":154,"width":144,"height":9}},{"id":"5bf59028-f14d-47ea-a038-0ad29c08cd6b","block_type":"box","text":"Investment","page_number":137,"box":{"x":230,"y":154,"width":70,"height":7}},{"id":"6988800f-e24b-4840-81c9-f6f8222fa764","block_type":"box","text":"Market","page_number":137,"box":{"x":758,"y":132,"width":42,"height":6}},{"id":"c0e0168d-b9fd-4b96-a9a4-200d326035a2","block_type":"box","text":"Value","page_number":137,"box":{"x":765,"y":143,"width":35,"height":7}},{"id":"463e01e2-e305-482e-8774-626b9096677f","block_type":"box","text":"£","page_number":137,"box":{"x":793,"y":154,"width":7,"height":7}},{"id":"1a6b11b2-cb90-4ada-9c59-d44837cc411a","block_type":"box","text":"% of","page_number":137,"box":{"x":929,"y":143,"width":29,"height":7}},{"id":"643a21d5-7bd9-419a-9a1f-9ea9489bdf00","block_type":"box","text":"Net Assets","page_number":137,"box":{"x":889,"y":154,"width":68,"height":7}},{"id":"9201833e-5bba-4879-9102-06e726e0d374","block_type":"box","text":"Sterling Asset Backed","page_number":137,"box":{"x":42,"y":186,"width":175,"height":11}},{"id":"757fff43-f6a0-4fac-9a2a-9def3bb63e57","block_type":"box","text":"15.37% (31 December 2025 - 14.52%)","page_number":137,"box":{"x":219,"y":186,"width":295,"height":11}},{"id":"cfa32af9-2bc6-41a4-8f19-34f82029048f","block_type":"box","text":"£1,500,000","page_number":137,"box":{"x":112,"y":205,"width":83,"height":10}},{"id":"1bcd7455-55d4-48cf-ac76-5772fe194089","block_type":"box","text":"AA Bond 5.50% 31/07/2050","page_number":137,"box":{"x":229,"y":205,"width":205,"height":9}},{"id":"c288fdf2-b74b-4e1b-8e08-4657604f5306","block_type":"box","text":"1,480,849","page_number":137,"box":{"x":727,"y":205,"width":72,"height":10}},{"id":"b00b891a-3cbc-44b4-9a97-ca47b8b8c0d8","block_type":"box","text":"1.28","page_number":137,"box":{"x":926,"y":205,"width":30,"height":9}},{"id":"c7044ad7-f6cc-4a87-953f-78a6925df029","block_type":"box","text":"£900,000","page_number":137,"box":{"x":126,"y":220,"width":69,"height":11}},{"id":"d803d7bc-372a-4f7f-b9f8-a03e19f65f9f","block_type":"box","text":"Anglian Water 4.50% 05/10/2027","page_number":137,"box":{"x":229,"y":220,"width":245,"height":11}},{"id":"baaa59a8-8ba4-498d-9556-ed02c9705c98","block_type":"box","text":"893,570","page_number":137,"box":{"x":740,"y":220,"width":59,"height":11}},{"id":"4e6e3238-20c0-460e-a04f-5a98e1f9aac4","block_type":"box","text":"0.77","page_number":137,"box":{"x":925,"y":220,"width":31,"height":9}},{"id":"d915172f-a0d9-4434-abc4-d39b60a90ec1","block_type":"box","text":"£151,667","page_number":137,"box":{"x":126,"y":235,"width":69,"height":11}},{"id":"c319f4b9-4490-443b-b6a2-cfd9220e1498","block_type":"box","text":"Arqiva Financing 4.882% 31/12/2032","page_number":137,"box":{"x":229,"y":235,"width":274,"height":12}},{"id":"ec39a4e4-a590-4bd9-8056-db26239e904f","block_type":"box","text":"146,823","page_number":137,"box":{"x":741,"y":236,"width":58,"height":10}},{"id":"0093b961-f20a-4284-b0d8-20dda1f68400","block_type":"box","text":"0.13","page_number":137,"box":{"x":925,"y":236,"width":31,"height":8}},{"id":"1c034d10-be98-4b12-b2b4-67cfb78015db","block_type":"box","text":"£600,000","page_number":137,"box":{"x":126,"y":251,"width":69,"height":10}},{"id":"a2845aa4-4192-4520-84a2-a733bb8629c2","block_type":"box","text":"Arqiva Financing 5.34% 30/12/2037","page_number":137,"box":{"x":229,"y":251,"width":265,"height":11}},{"id":"98543baf-3f24-43ed-aabd-0345fc66d58e","block_type":"box","text":"585,632","page_number":137,"box":{"x":740,"y":251,"width":59,"height":10}},{"id":"498c8088-30c9-4b8c-b901-15b1666b94ca","block_type":"box","text":"0.50","page_number":137,"box":{"x":925,"y":251,"width":31,"height":9}},{"id":"d7b6ce51-faae-491b-807e-03da361fb7a4","block_type":"box","text":"£400,000","page_number":137,"box":{"x":126,"y":266,"width":69,"height":11}},{"id":"bd1e154b-c3cb-47fb-9f4b-46bd1956171f","block_type":"box","text":"Bazalgette Finance 2.75% 10/03/2034","page_number":137,"box":{"x":230,"y":266,"width":283,"height":11}},{"id":"34d8392e-c9cc-45c2-afbd-bccbac56cdfb","block_type":"box","text":"327,053","page_number":137,"box":{"x":740,"y":266,"width":59,"height":11}},{"id":"3317ccce-d2d6-4043-8687-146cc2fca8e9","block_type":"box","text":"0.28","page_number":137,"box":{"x":925,"y":266,"width":31,"height":9}},{"id":"dd0ade4b-5dca-4c88-9f1f-d4091ab1755f","block_type":"box","text":"£700,000","page_number":137,"box":{"x":126,"y":282,"width":69,"height":10}},{"id":"211babfd-cef9-45da-9cb1-d88ae318e39e","block_type":"box","text":"Bromford Flagship 6.072% 14/07/2050","page_number":137,"box":{"x":230,"y":282,"width":286,"height":11}},{"id":"7967c9a5-cbf1-4be6-9d91-cd2fd87b5ca0","block_type":"box","text":"681,917","page_number":137,"box":{"x":740,"y":282,"width":59,"height":10}},{"id":"47234eed-14fc-467d-bc83-0e978b3ae4a5","block_type":"box","text":"0.59","page_number":137,"box":{"x":925,"y":282,"width":31,"height":8}},{"id":"7a45b60c-1f2d-4feb-afa5-4914c8c90816","block_type":"box","text":"£1,000,000","page_number":137,"box":{"x":112,"y":297,"width":83,"height":10}},{"id":"8ddb3117-b28c-45a3-a212-4035dd33685f","block_type":"box","text":"Channel Link Enterprises Finance 3.043% 30/06/2050","page_number":137,"box":{"x":230,"y":297,"width":400,"height":11}},{"id":"b376c060-a759-418a-ada8-f5cb90bd3901","block_type":"box","text":"938,935","page_number":137,"box":{"x":740,"y":297,"width":59,"height":10}},{"id":"a97c10c4-20cc-4b0b-8d05-9318a5880393","block_type":"box","text":"0.81","page_number":137,"box":{"x":925,"y":297,"width":29,"height":9}},{"id":"e057d4ab-dc4f-4f20-abf7-0fe714f9e90c","block_type":"box","text":"£500,000","page_number":137,"box":{"x":126,"y":312,"width":69,"height":11}},{"id":"13ca7111-e390-44ea-a3a4-683559d6e547","block_type":"box","text":"CPUK Finance 3.69% 28/02/2047","page_number":137,"box":{"x":230,"y":312,"width":250,"height":9}},{"id":"e1c00069-d11b-434e-8752-038b1d08be43","block_type":"box","text":"484,539","page_number":137,"box":{"x":740,"y":312,"width":59,"height":11}},{"id":"a5a100dd-3c49-4b91-a088-3bad14b7c69b","block_type":"box","text":"0.42","page_number":137,"box":{"x":925,"y":312,"width":31,"height":9}},{"id":"73516605-122a-4409-ba10-8f1f84d2e268","block_type":"box","text":"£900,000","page_number":137,"box":{"x":126,"y":328,"width":69,"height":10}},{"id":"b5e474a0-26d7-4dba-91bc-b345bf7a52de","block_type":"box","text":"CPUK Finance 6.136% 28/02/2047","page_number":137,"box":{"x":230,"y":328,"width":260,"height":9}},{"id":"605487f7-da71-4eb7-aa53-68c42a89bde5","block_type":"box","text":"925,838","page_number":137,"box":{"x":740,"y":328,"width":59,"height":10}},{"id":"0fee7617-c017-4d00-ac5c-5ae77aca3d7e","block_type":"box","text":"0.80","page_number":137,"box":{"x":925,"y":328,"width":31,"height":9}},{"id":"db1fc99a-115b-49ed-9572-de0444acd6c3","block_type":"box","text":"£1,000,000","page_number":137,"box":{"x":112,"y":343,"width":83,"height":10}},{"id":"9a050c1b-5212-4820-be50-b73247c3f412","block_type":"box","text":"DWR Cymru Financing 2.50% 31/03/2036","page_number":137,"box":{"x":230,"y":343,"width":311,"height":11}},{"id":"fcc79f09-a903-4a75-815d-94362bb2fdfd","block_type":"box","text":"743,332","page_number":137,"box":{"x":740,"y":343,"width":59,"height":10}},{"id":"007d77e2-d1d5-4a75-a369-43051dfc3941","block_type":"box","text":"0.64","page_number":137,"box":{"x":925,"y":343,"width":31,"height":9}},{"id":"b08284eb-685a-4908-97fb-787123cadcfe","block_type":"box","text":"£1,000,000","page_number":137,"box":{"x":112,"y":358,"width":83,"height":11}},{"id":"fa51a96c-face-4af3-909f-ab11bc51136e","block_type":"box","text":"DWR Cymru Financing UK 6.015% 31/03/2028","page_number":137,"box":{"x":230,"y":358,"width":348,"height":12}},{"id":"577c776f-0898-4d23-9cd6-5e557d0e73b6","block_type":"box","text":"1,018,072","page_number":137,"box":{"x":727,"y":358,"width":72,"height":11}},{"id":"f5782995-5863-45b0-ab7c-33805f84795b","block_type":"box","text":"0.88","page_number":137,"box":{"x":925,"y":359,"width":31,"height":8}},{"id":"c9fc78d5-e2c2-4904-9921-44f121867514","block_type":"box","text":"£252,480","page_number":137,"box":{"x":126,"y":374,"width":69,"height":10}},{"id":"2a519a9e-a612-4a34-a758-314e517e10b0","block_type":"box","text":"Great Rolling Stock Company 6.875% 27/07/2035","page_number":137,"box":{"x":230,"y":374,"width":370,"height":11}},{"id":"9889f828-1711-4210-9703-84b11d6b52f4","block_type":"box","text":"266,258","page_number":137,"box":{"x":740,"y":374,"width":59,"height":10}},{"id":"9db1e6ca-6c6f-4f7f-972d-08e1b1f7ba73","block_type":"box","text":"0.23","page_number":137,"box":{"x":925,"y":374,"width":31,"height":9}},{"id":"069e9167-1b6c-4512-893f-df0bc11a35cd","block_type":"box","text":"£515,738","page_number":137,"box":{"x":126,"y":389,"width":69,"height":11}},{"id":"aec2779b-f137-45a7-9437-4a660cfc1b68","block_type":"box","text":"Greater Gabbard OFTO 4.137% 29/11/2032","page_number":137,"box":{"x":230,"y":389,"width":325,"height":9}},{"id":"1b9f0578-f9ed-49f7-82d5-3f39302b3df3","block_type":"box","text":"499,542","page_number":137,"box":{"x":740,"y":389,"width":59,"height":11}},{"id":"9dd93c26-165d-49ad-bede-15446c2e8f32","block_type":"box","text":"0.43","page_number":137,"box":{"x":925,"y":389,"width":31,"height":9}},{"id":"1f132713-8479-44ac-94ee-5967df6e7cba","block_type":"box","text":"£500,000","page_number":137,"box":{"x":126,"y":404,"width":69,"height":11}},{"id":"1b544e59-61fa-423b-82f3-c4f28366fe39","block_type":"box","text":"Guinness Partnership 4.00% 24/10/2044","page_number":137,"box":{"x":230,"y":404,"width":301,"height":12}},{"id":"73689167-7190-4701-a603-b199bcde0f57","block_type":"box","text":"378,914","page_number":137,"box":{"x":740,"y":405,"width":59,"height":10}},{"id":"fc9fd080-e393-4621-9001-c636e5ec3b03","block_type":"box","text":"0.33","page_number":137,"box":{"x":925,"y":405,"width":31,"height":8}},{"id":"8642d625-78d5-4f82-9030-a4ed1792ee51","block_type":"box","text":"£600,000","page_number":137,"box":{"x":126,"y":420,"width":69,"height":10}},{"id":"915697fa-91fd-46cf-b970-00230b7f11aa","block_type":"box","text":"High Speed Rail Finance 1 4.375% 01/11/2038","page_number":137,"box":{"x":230,"y":420,"width":347,"height":11}},{"id":"47cb7a31-aae2-41cb-a951-a4acba8cd871","block_type":"box","text":"551,144","page_number":137,"box":{"x":740,"y":420,"width":59,"height":10}},{"id":"ad7880a5-ddc1-4c27-ace2-5f50419e2916","block_type":"box","text":"0.47","page_number":137,"box":{"x":925,"y":420,"width":31,"height":9}},{"id":"80298644-8aa2-4258-a3c9-f13aa2e16675","block_type":"box","text":"£1,189,000","page_number":137,"box":{"x":112,"y":435,"width":83,"height":11}},{"id":"6b573978-c258-4741-b7fa-3e5caffa9d66","block_type":"box","text":"Jigsaw Funding 3.375% 05/05/2052","page_number":137,"box":{"x":229,"y":435,"width":266,"height":11}},{"id":"4ed04bb3-b0d7-4a11-90df-08a1b6af5d6d","block_type":"box","text":"747,652","page_number":137,"box":{"x":740,"y":435,"width":59,"height":11}},{"id":"c66ba31e-2e72-4b6c-9dbb-9fbddc211ab7","block_type":"box","text":"0.64","page_number":137,"box":{"x":925,"y":435,"width":31,"height":9}},{"id":"97a8b5d7-30fc-4664-9825-adfe05304c99","block_type":"box","text":"£850,000","page_number":137,"box":{"x":126,"y":451,"width":69,"height":10}},{"id":"95b9de2f-a4f0-410c-9732-994128f68615","block_type":"box","text":"Porterbrook Rail Finance 4.625% 04/04/2029","page_number":137,"box":{"x":230,"y":451,"width":334,"height":9}},{"id":"2c8b5991-260e-47c7-a39b-944c4dd6cad3","block_type":"box","text":"843,821","page_number":137,"box":{"x":740,"y":451,"width":57,"height":10}},{"id":"746dd822-a70a-4034-92c9-96da0aa02d52","block_type":"box","text":"0.73","page_number":137,"box":{"x":925,"y":451,"width":31,"height":8}},{"id":"8b3fe8cf-92ba-4e2d-a2dd-a94569551c5e","block_type":"box","text":"£600,000","page_number":137,"box":{"x":126,"y":466,"width":69,"height":10}},{"id":"3f2c5da7-d334-4c3a-b7ec-dddf93cd45a0","block_type":"box","text":"RAC Bond 5.75% 06/05/2046","page_number":137,"box":{"x":230,"y":466,"width":218,"height":9}},{"id":"11fc706e-e825-47ce-a089-006f50c333d9","block_type":"box","text":"607,712","page_number":137,"box":{"x":740,"y":466,"width":59,"height":10}},{"id":"c0c051b4-6860-4784-9a25-91c724b9cba0","block_type":"box","text":"0.52","page_number":137,"box":{"x":925,"y":466,"width":31,"height":9}},{"id":"24ec6ec6-1dea-4b0d-af94-343fb1d6228a","block_type":"box","text":"£179,000","page_number":137,"box":{"x":126,"y":481,"width":69,"height":11}},{"id":"fcf9c84b-2fab-43e3-a9c0-2e0714e55e94","block_type":"box","text":"RCB Bonds 7.50% 18/06/2033","page_number":137,"box":{"x":230,"y":481,"width":227,"height":9}},{"id":"12005d76-7f62-4cc7-880b-f03ffcf6ffc8","block_type":"box","text":"185,739","page_number":137,"box":{"x":741,"y":481,"width":58,"height":11}},{"id":"512fe3e4-6348-474c-84ea-fca51840fad1","block_type":"box","text":"0.16","page_number":137,"box":{"x":925,"y":482,"width":31,"height":8}},{"id":"ec2f98be-bf1f-426c-897b-e8b163b4fe98","block_type":"box","text":"£287,900","page_number":137,"box":{"x":126,"y":497,"width":69,"height":10}},{"id":"5217b9d2-e1d3-49cd-b4ce-9c6f1d549ed9","block_type":"box","text":"Retail Charity Bonds 3.25% 22/07/2031","page_number":137,"box":{"x":230,"y":497,"width":290,"height":11}},{"id":"f6b86103-2d96-4334-9acf-889ab8e081e6","block_type":"box","text":"239,664","page_number":137,"box":{"x":740,"y":497,"width":59,"height":10}},{"id":"72207159-9c16-4fa3-a3f9-10a8c83805ab","block_type":"box","text":"0.21","page_number":137,"box":{"x":925,"y":497,"width":29,"height":9}},{"id":"c332d804-be61-45ed-8fb0-24cd4e8855be","block_type":"box","text":"£228,000","page_number":137,"box":{"x":126,"y":512,"width":69,"height":10}},{"id":"6356b035-64e7-4418-809b-1b07e6c5f60c","block_type":"box","text":"Retail Charity Bonds 3.90% 23/11/2029","page_number":137,"box":{"x":230,"y":512,"width":291,"height":11}},{"id":"19ff5b5d-b9a7-4265-81cc-8e9e7f3615de","block_type":"box","text":"218,542","page_number":137,"box":{"x":740,"y":512,"width":59,"height":10}},{"id":"49f941f8-2dec-4a11-8d3b-bee91ca2b60f","block_type":"box","text":"0.19","page_number":137,"box":{"x":925,"y":512,"width":31,"height":9}},{"id":"4e0766aa-3661-43d1-b6a7-de5d18fe6793","block_type":"box","text":"£470,000","page_number":137,"box":{"x":126,"y":527,"width":69,"height":11}},{"id":"3d953e6a-8d0d-4168-819f-8bff3b65636e","block_type":"box","text":"Retail Charity Bonds 4.00% 31/10/2027","page_number":137,"box":{"x":230,"y":527,"width":292,"height":12}},{"id":"7fa5e543-b5f1-4d69-a8b5-ceb18ba18ef5","block_type":"box","text":"460,136","page_number":137,"box":{"x":740,"y":527,"width":59,"height":11}},{"id":"c78a0a43-a031-429f-9eaf-874921561561","block_type":"box","text":"0.40","page_number":137,"box":{"x":925,"y":528,"width":31,"height":8}},{"id":"a1bee470-e917-451e-a663-923e72295cd1","block_type":"box","text":"£938,186","page_number":137,"box":{"x":126,"y":543,"width":69,"height":10}},{"id":"ce7d2695-1b4c-47df-a733-971d5c23124e","block_type":"box","text":"TC Dudgeon OFTO 3.158% 12/11/2038","page_number":137,"box":{"x":229,"y":543,"width":294,"height":11}},{"id":"c2e14c54-2254-44e0-a4a0-f369b7e131ec","block_type":"box","text":"814,235","page_number":137,"box":{"x":740,"y":543,"width":59,"height":10}},{"id":"62a53d5c-fc2f-47ff-8dcc-6dddd6084ce9","block_type":"box","text":"0.70","page_number":137,"box":{"x":925,"y":543,"width":31,"height":9}},{"id":"763620f9-fc2f-41c0-91f0-8280195b9b22","block_type":"box","text":"£424,259","page_number":137,"box":{"x":126,"y":558,"width":69,"height":11}},{"id":"98aeb6ba-38a5-4072-9f34-b17f56c6e912","block_type":"box","text":"Tesco Property Finance 1 7.623% 13/07/2039","page_number":137,"box":{"x":229,"y":558,"width":340,"height":11}},{"id":"26ea2265-d910-46eb-96a3-b14bbc8ea675","block_type":"box","text":"473,226","page_number":137,"box":{"x":740,"y":558,"width":59,"height":11}},{"id":"1602f40b-0e98-445e-959a-d0c5cc1a7137","block_type":"box","text":"0.41","page_number":137,"box":{"x":925,"y":558,"width":29,"height":9}},{"id":"ad1ee87d-7c88-4c88-8d92-eb2708126ab7","block_type":"box","text":"£844,225","page_number":137,"box":{"x":126,"y":573,"width":69,"height":11}},{"id":"0e9a6156-2630-4c63-b468-1fbec0cdbe1d","block_type":"box","text":"Tesco Property Finance 3 5.744% 13/04/2040","page_number":137,"box":{"x":229,"y":573,"width":340,"height":12}},{"id":"69724226-623d-4649-af63-9db35c4098ac","block_type":"box","text":"841,349","page_number":137,"box":{"x":740,"y":574,"width":59,"height":10}},{"id":"88f69ee5-c9ec-4653-8977-6e8b4d721e25","block_type":"box","text":"0.72","page_number":137,"box":{"x":925,"y":574,"width":31,"height":8}},{"id":"3408eaa8-c5e0-44de-88ac-43be3ba5ae35","block_type":"box","text":"£837,845","page_number":137,"box":{"x":126,"y":589,"width":69,"height":10}},{"id":"7f382196-2c48-49a6-8226-4e6f7e7afe95","block_type":"box","text":"Tesco Property Finance 6 5.411% 13/07/2044","page_number":137,"box":{"x":229,"y":589,"width":339,"height":11}},{"id":"ffb801c9-d958-4e6f-9353-03e9943f1969","block_type":"box","text":"803,566","page_number":137,"box":{"x":740,"y":589,"width":59,"height":10}},{"id":"b9ec20fd-0275-4e3c-b726-0cec938be13f","block_type":"box","text":"0.69","page_number":137,"box":{"x":925,"y":589,"width":31,"height":9}},{"id":"64dea3a1-61c0-4587-b26b-691eaa27df62","block_type":"box","text":"£700,000","page_number":137,"box":{"x":126,"y":604,"width":69,"height":11}},{"id":"0b8786dc-5d51-4871-aa73-d5c036db1b56","block_type":"box","text":"THFC Funding No 2 6.35% 08/07/2041","page_number":137,"box":{"x":229,"y":604,"width":288,"height":11}},{"id":"55c246af-d433-4b06-986f-0a21c63fe8ab","block_type":"box","text":"729,262","page_number":137,"box":{"x":740,"y":604,"width":59,"height":11}},{"id":"4874873b-24e2-46e2-9e27-dfc680fccd07","block_type":"box","text":"0.63","page_number":137,"box":{"x":925,"y":604,"width":31,"height":9}},{"id":"664092af-da07-4a60-9017-0647f5d012be","block_type":"box","text":"£1,010,548","page_number":137,"box":{"x":112,"y":620,"width":83,"height":10}},{"id":"64265cfc-6323-46d3-9e6e-c3faf01ad983","block_type":"box","text":"Wods Transmission 3.446% 24/08/2034","page_number":137,"box":{"x":229,"y":620,"width":296,"height":9}},{"id":"8ffbd9ad-ca67-425d-b928-8e27628bc834","block_type":"box","text":"940,746","page_number":137,"box":{"x":740,"y":620,"width":59,"height":10}},{"id":"19dffb64-fee7-4ab3-854c-9ffed40deada","block_type":"box","text":"0.81","page_number":137,"box":{"x":925,"y":620,"width":29,"height":8}},{"id":"3aef6958-39c3-4644-9df9-3c6eed29d66b","block_type":"box","text":"17,828,068","page_number":137,"box":{"x":717,"y":638,"width":82,"height":10}},{"id":"99c78af6-58f1-4d2c-9940-6be43d007b88","block_type":"box","text":"15.37","page_number":137,"box":{"x":916,"y":638,"width":40,"height":8}},{"id":"97a554c5-4453-463d-a1e8-fb82b89b66e2","block_type":"box","text":"Sterling Government Agencies, Supra","page_number":137,"box":{"x":42,"y":669,"width":301,"height":11}},{"id":"0ce1d989-fe0a-4cfc-827a-b4f92c94ada2","block_type":"box","text":"6.13% (31 December 2025 - 8.97%)","page_number":137,"box":{"x":344,"y":669,"width":276,"height":11}},{"id":"5fd4bbf0-c2eb-4f4b-b9da-9a4be5a57aa4","block_type":"box","text":"£400,000","page_number":137,"box":{"x":126,"y":687,"width":69,"height":11}},{"id":"5ba21a5a-1a1c-4f2a-803d-9998e609a5e4","block_type":"box","text":"Affordable Housing Finance 2.893% 11/08/2045","page_number":137,"box":{"x":229,"y":687,"width":355,"height":11}},{"id":"ed3ee2fb-db94-4c6b-bd11-2a776bbe04b1","block_type":"box","text":"279,310","page_number":137,"box":{"x":740,"y":687,"width":59,"height":11}},{"id":"17e500d0-9395-431c-918f-6c8888381694","block_type":"box","text":"0.24","page_number":137,"box":{"x":925,"y":687,"width":31,"height":9}},{"id":"783ee7c4-8424-4469-a713-5a331132788f","block_type":"box","text":"£1,290,000","page_number":137,"box":{"x":112,"y":703,"width":83,"height":10}},{"id":"66ef310a-f160-41be-9648-a007c62d0fb2","block_type":"box","text":"European Investment Bank 6.00% 07/12/2028","page_number":137,"box":{"x":230,"y":703,"width":342,"height":11}},{"id":"2347c012-ce39-49f5-b80a-e28f810a9cc5","block_type":"box","text":"1,340,388","page_number":137,"box":{"x":727,"y":703,"width":72,"height":10}},{"id":"7259646c-3342-47cf-ba5a-063988664965","block_type":"box","text":"1.16","page_number":137,"box":{"x":926,"y":703,"width":30,"height":8}},{"id":"e74bf359-7852-4df6-9ba5-b6a9a753a010","block_type":"box","text":"£1,800,000","page_number":137,"box":{"x":112,"y":718,"width":83,"height":10}},{"id":"ff2a19c4-d49c-4103-af7e-2969db14cfa6","block_type":"box","text":"Kreditanstalt fuer Wiederaufbau 6.00% 07/12/2028","page_number":137,"box":{"x":230,"y":718,"width":375,"height":9}},{"id":"52ae71c9-a2f5-40ef-b091-b7f135abc290","block_type":"box","text":"1,869,724","page_number":137,"box":{"x":727,"y":718,"width":72,"height":10}},{"id":"da4d1fad-6056-42cd-9f77-0643218170c5","block_type":"box","text":"1.61","page_number":137,"box":{"x":926,"y":718,"width":28,"height":9}},{"id":"289fdfa8-7ba5-4a9b-b382-62093a48e76a","block_type":"box","text":"£406,643","page_number":137,"box":{"x":126,"y":733,"width":69,"height":11}},{"id":"16ab679e-e081-4f61-a324-169fe16fb120","block_type":"box","text":"PRS Finance 1.75% 24/11/2026","page_number":137,"box":{"x":230,"y":733,"width":237,"height":9}},{"id":"302228f3-c987-4117-9061-98b6d457b7fa","block_type":"box","text":"403,017","page_number":137,"box":{"x":740,"y":733,"width":59,"height":11}},{"id":"6bc1a9d0-80cf-4832-9b12-c8e1b3b3f0fe","block_type":"box","text":"0.35","page_number":137,"box":{"x":925,"y":733,"width":32,"height":9}},{"id":"6585094a-87c2-43df-a81b-5c9d087fe342","block_type":"box","text":"£425,000","page_number":137,"box":{"x":126,"y":749,"width":69,"height":10}},{"id":"d04eff06-e54a-4f4d-8b06-360e567502ac","block_type":"box","text":"SNCF Reseau 4.83% 25/03/2060","page_number":137,"box":{"x":230,"y":749,"width":247,"height":9}},{"id":"fdb5ec4a-29bb-486a-afaa-867fbdde6163","block_type":"box","text":"346,435","page_number":137,"box":{"x":740,"y":749,"width":59,"height":10}},{"id":"62e8e9af-07d1-4dd8-a44e-959695dbb73f","block_type":"box","text":"0.30","page_number":137,"box":{"x":925,"y":749,"width":31,"height":9}},{"id":"e64aef72-e011-418b-b452-499552ff35b7","block_type":"box","text":"£1,740,000","page_number":137,"box":{"x":112,"y":764,"width":83,"height":10}},{"id":"cb37d928-38db-44db-95d6-8da34ceabb58","block_type":"box","text":"SNCF Reseau 5.25% 07/12/2028","page_number":137,"box":{"x":230,"y":764,"width":247,"height":9}},{"id":"ced6a94f-cf34-4f68-9573-f176b2416307","block_type":"box","text":"1,766,013","page_number":137,"box":{"x":727,"y":764,"width":72,"height":10}},{"id":"cfa0fa4a-92f5-42d6-b695-ded597be010a","block_type":"box","text":"1.52","page_number":137,"box":{"x":926,"y":764,"width":30,"height":9}},{"id":"13c672de-d73a-48f4-8a98-4a125d147cee","block_type":"box","text":"£800,000","page_number":137,"box":{"x":126,"y":779,"width":69,"height":11}},{"id":"bd452b76-86f0-45c5-8f48-48e3b9f02aac","block_type":"box","text":"Transport for London 3.875% 23/07/2042","page_number":137,"box":{"x":229,"y":779,"width":306,"height":11}},{"id":"d30437d2-9f08-4c12-8848-e8bc40ec243a","block_type":"box","text":"630,788","page_number":137,"box":{"x":740,"y":779,"width":59,"height":11}},{"id":"d976a4dd-f7be-470c-a5b5-d2864f308718","block_type":"box","text":"0.55","page_number":137,"box":{"x":925,"y":780,"width":32,"height":8}},{"id":"dda75504-7135-4485-ad27-89a24b0deb07","block_type":"box","text":"£400,000","page_number":137,"box":{"x":126,"y":795,"width":69,"height":10}},{"id":"eb3011f5-d224-4961-9835-3f35a9ee0bd5","block_type":"box","text":"Transport for London 4.00% 07/04/2064","page_number":137,"box":{"x":229,"y":795,"width":296,"height":11}},{"id":"20af3ab6-515b-4b7a-880d-00460220dc79","block_type":"box","text":"279,501","page_number":137,"box":{"x":740,"y":795,"width":57,"height":10}},{"id":"c2e25c1f-1d41-47a0-94c3-483a6aa35f7c","block_type":"box","text":"0.24","page_number":137,"box":{"x":925,"y":795,"width":31,"height":9}},{"id":"9e374a27-de61-49af-a770-180f4830fcff","block_type":"box","text":"£193,000","page_number":137,"box":{"x":126,"y":810,"width":69,"height":11}},{"id":"a9167872-1887-4080-ae1c-a2d999a61bfe","block_type":"box","text":"Transport for London 5.75% 01/10/2041","page_number":137,"box":{"x":229,"y":810,"width":294,"height":11}},{"id":"155ba04e-bebc-4987-9530-e4b0cdbf061b","block_type":"box","text":"189,648","page_number":137,"box":{"x":741,"y":810,"width":58,"height":11}},{"id":"dc59eb8a-bd60-45e5-b594-cd738fa24930","block_type":"box","text":"0.16","page_number":137,"box":{"x":925,"y":810,"width":31,"height":9}},{"id":"117b5d3d-a1f8-46a8-b638-b82d113f9227","block_type":"box","text":"7,104,824","page_number":137,"box":{"x":726,"y":828,"width":74,"height":11}},{"id":"b5be9f6e-b40c-4023-af74-5725e15ae53f","block_type":"box","text":"6.13","page_number":137,"box":{"x":925,"y":828,"width":31,"height":9}},{"id":"17ef357c-04f8-4c50-a9f1-e8c79df3662f","block_type":"box","text":"US Government Agencies, Supra","page_number":137,"box":{"x":43,"y":859,"width":261,"height":11}},{"id":"ff1485d5-3335-4954-9c56-9f576762cd3d","block_type":"box","text":"0.38% (31 December 2025 - 0.38%)","page_number":137,"box":{"x":304,"y":859,"width":277,"height":11}},{"id":"e0b1b036-2784-41e0-817e-3e161444c675","block_type":"box","text":"USD650,000","page_number":137,"box":{"x":101,"y":878,"width":94,"height":10}},{"id":"9d873786-299f-4a49-89d4-ff8c1b5e7049","block_type":"box","text":"Indian Railway Finance Corporation 2.80% 10/02/2031","page_number":137,"box":{"x":230,"y":878,"width":403,"height":11}},{"id":"5e480c34-257b-4550-b10e-6ef75bd25b37","block_type":"box","text":"442,029","page_number":137,"box":{"x":740,"y":878,"width":59,"height":10}},{"id":"7fda2655-ea38-4f67-92f8-7ee98229401f","block_type":"box","text":"0.38","page_number":137,"box":{"x":925,"y":878,"width":31,"height":9}},{"id":"4a6101c4-e17f-45df-a574-78b546613811","block_type":"box","text":"442,029","page_number":137,"box":{"x":740,"y":896,"width":59,"height":10}},{"id":"70fd3d19-0d9b-4386-94bc-e526493d4f44","block_type":"box","text":"0.38","page_number":137,"box":{"x":925,"y":896,"width":31,"height":8}},{"id":"8ec7f52f-b14e-4adf-8fa0-fad2808f7ece","block_type":"box","text":"137","page_number":138,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"78d5fad8-3c58-4e0a-8ab2-9742b180b05c","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":138,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"1de8648b-7f24-4c8f-ae1d-95d596cd5c7d","block_type":"box","text":"Portfolio Statement (continued)","page_number":138,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"19d8155f-fcf1-4759-86d1-eec8fdc8d86e","block_type":"box","text":"Holding/Nominal Value","page_number":138,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"2a11242c-0693-43a5-a08f-d5adb4ca3dac","block_type":"box","text":"Investment","page_number":138,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"e25fe5b6-5402-4312-9fc7-dfa7c40ddbf1","block_type":"box","text":"Market","page_number":138,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"f2c0dbb4-2331-4460-a03f-5b152d03ea69","block_type":"box","text":"Value","page_number":138,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"24a351cf-14d2-4aaf-8eb9-abac59a7ddc1","block_type":"box","text":"£","page_number":138,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"3eeaf13d-9342-4a4d-9a95-38edc3df7e33","block_type":"box","text":"% of","page_number":138,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"5833b24a-50d4-407e-a14a-8b25d89bc416","block_type":"box","text":"Net Assets","page_number":138,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"6d069f53-78ef-4d3f-9aab-448993c0ae74","block_type":"box","text":"Euro Government Bonds","page_number":138,"box":{"x":43,"y":164,"width":197,"height":9}},{"id":"036760ec-ad4a-4f52-828d-fcea0df4e6f7","block_type":"box","text":"0.42% (31 December 2025 - 0.43%)","page_number":138,"box":{"x":241,"y":164,"width":276,"height":11}},{"id":"3d61a03c-2904-488e-842f-a991ab639e45","block_type":"box","text":"EUR500,000","page_number":138,"box":{"x":101,"y":197,"width":94,"height":10}},{"id":"e93cf75f-b46d-4fe0-8477-d03c7eee1ddd","block_type":"box","text":"Bundesrepublik Deutschland Bundesanleihe 4.75%","page_number":138,"box":{"x":230,"y":183,"width":385,"height":11}},{"id":"99eb3cf3-b3e5-48dc-92bc-f7de9afd5fae","block_type":"box","text":"04/07/2034","page_number":138,"box":{"x":230,"y":197,"width":82,"height":9}},{"id":"3db7d0f2-5f5b-4403-a59c-e02b8b831544","block_type":"box","text":"487,244","page_number":138,"box":{"x":740,"y":197,"width":59,"height":10}},{"id":"352f5845-9f73-43c4-adce-e13a3c3aff81","block_type":"box","text":"0.42","page_number":138,"box":{"x":925,"y":197,"width":31,"height":9}},{"id":"08dd219a-af79-46bb-a93c-b20b949a065a","block_type":"box","text":"487,244","page_number":138,"box":{"x":740,"y":215,"width":60,"height":10}},{"id":"17aa6873-a1ac-4a29-b29c-39518cccccfa","block_type":"box","text":"0.42","page_number":138,"box":{"x":925,"y":215,"width":31,"height":9}},{"id":"e9876948-2448-47dc-a394-039b87fd82fe","block_type":"box","text":"Sterling Corporate Bonds","page_number":138,"box":{"x":42,"y":246,"width":203,"height":11}},{"id":"aafafb49-ad80-49ab-991c-112c01ac5211","block_type":"box","text":"28.15% (31 December 2025 - 22.02%)","page_number":138,"box":{"x":246,"y":246,"width":295,"height":11}},{"id":"17d17ddf-1c1c-46ff-858d-00ac196aad73","block_type":"box","text":"£663,000","page_number":138,"box":{"x":126,"y":265,"width":69,"height":10}},{"id":"7e4dcc23-f792-4b91-9afa-d546cc7305d0","block_type":"box","text":"Alphabet 4.625% 13/11/2032","page_number":138,"box":{"x":229,"y":265,"width":214,"height":11}},{"id":"353ca5ec-5dcc-401d-a91a-d83899ecf4e8","block_type":"box","text":"652,508","page_number":138,"box":{"x":740,"y":265,"width":59,"height":10}},{"id":"551acb95-12ad-436c-970a-1ab077f0083a","block_type":"box","text":"0.56","page_number":138,"box":{"x":925,"y":265,"width":31,"height":9}},{"id":"3ea830bb-0760-4d94-b606-65f5237720b1","block_type":"box","text":"£500,000","page_number":138,"box":{"x":126,"y":280,"width":69,"height":10}},{"id":"312f0e13-5482-4cff-a767-543d3103a857","block_type":"box","text":"AT&T 7.00% 30/04/2040","page_number":138,"box":{"x":229,"y":280,"width":181,"height":9}},{"id":"d879e583-b6b7-479d-a3ff-b793599e5cd9","block_type":"box","text":"530,333","page_number":138,"box":{"x":740,"y":280,"width":59,"height":10}},{"id":"1a0bcc1c-e537-4e73-b246-3cb3ff208ac8","block_type":"box","text":"0.46","page_number":138,"box":{"x":925,"y":280,"width":31,"height":9}},{"id":"b8b14424-d83c-4415-8ba9-182678ca0c12","block_type":"box","text":"£500,000","page_number":138,"box":{"x":126,"y":295,"width":69,"height":11}},{"id":"2d544965-8a8f-4c19-8e02-f76995fe40c3","block_type":"box","text":"Aviva 6.875% 20/05/2058","page_number":138,"box":{"x":229,"y":295,"width":190,"height":9}},{"id":"db7cfba6-24f9-45bd-b0c2-61f1751ffad7","block_type":"box","text":"517,261","page_number":138,"box":{"x":740,"y":295,"width":57,"height":11}},{"id":"cdea5046-3c6a-4c43-a547-58680a1f9a80","block_type":"box","text":"0.45","page_number":138,"box":{"x":925,"y":296,"width":32,"height":8}},{"id":"278aa1cd-b8c4-421a-b10a-91495e1c7993","block_type":"box","text":"£800,000","page_number":138,"box":{"x":126,"y":311,"width":69,"height":10}},{"id":"6c7db90c-f514-43f7-a7c4-a015d6fddfac","block_type":"box","text":"Banco Bilbao Vizcaya Argentaria 3.104% 15/07/2031","page_number":138,"box":{"x":230,"y":311,"width":389,"height":11}},{"id":"6117fc2b-395d-40c5-84ae-74e1df53adcd","block_type":"box","text":"799,711","page_number":138,"box":{"x":741,"y":311,"width":56,"height":10}},{"id":"7109f97d-bf7a-407b-a0de-96d17fe29ea6","block_type":"box","text":"0.69","page_number":138,"box":{"x":925,"y":311,"width":31,"height":9}},{"id":"22bcf1f1-d042-4793-875a-b465183d3bc1","block_type":"box","text":"£1,000,000","page_number":138,"box":{"x":112,"y":326,"width":83,"height":10}},{"id":"de819219-8a72-4222-9d4d-7e34bb20c34d","block_type":"box","text":"Bank of Ireland Group 7.594% 06/12/2032","page_number":138,"box":{"x":230,"y":326,"width":313,"height":11}},{"id":"ba556ffa-658a-4218-8eb4-2fad41e29a8e","block_type":"box","text":"1,027,999","page_number":138,"box":{"x":727,"y":326,"width":72,"height":10}},{"id":"2c69d2e4-f7a6-417a-bcbe-e05b187e1f63","block_type":"box","text":"0.89","page_number":138,"box":{"x":925,"y":326,"width":31,"height":9}},{"id":"d7f3d40d-bd70-438a-993b-97751854e572","block_type":"box","text":"£914,000","page_number":138,"box":{"x":126,"y":341,"width":69,"height":11}},{"id":"9a13d505-b1cd-47c3-91ff-0b2570077723","block_type":"box","text":"Barclays 6.174% 29/07/2036","page_number":138,"box":{"x":230,"y":341,"width":213,"height":12}},{"id":"af034657-82b1-4f70-b82d-26261e6485f8","block_type":"box","text":"929,144","page_number":138,"box":{"x":740,"y":342,"width":59,"height":10}},{"id":"3266c647-32f8-4a36-8e7b-609ebe053973","block_type":"box","text":"0.80","page_number":138,"box":{"x":925,"y":342,"width":31,"height":8}},{"id":"f8a25c41-e8f3-4046-a16e-c48c2b90f5c2","block_type":"box","text":"£1,100,000","page_number":138,"box":{"x":112,"y":357,"width":83,"height":10}},{"id":"9774e7bd-8b84-48ed-bcc1-cb7e0f5f4482","block_type":"box","text":"Bupa Finance 4.125% 14/06/2035","page_number":138,"box":{"x":230,"y":357,"width":252,"height":11}},{"id":"85b99995-8624-4402-a9fc-9f6aa05ee117","block_type":"box","text":"960,912","page_number":138,"box":{"x":740,"y":357,"width":59,"height":10}},{"id":"b1c3181c-75f5-499a-a21b-d9bb2efd15a3","block_type":"box","text":"0.83","page_number":138,"box":{"x":925,"y":357,"width":31,"height":9}},{"id":"4e7831ba-41d5-422d-acc7-e0fcedf3dfc7","block_type":"box","text":"£400,000","page_number":138,"box":{"x":126,"y":372,"width":69,"height":11}},{"id":"11a34c8e-b7e4-44a4-84eb-a41492095341","block_type":"box","text":"Comcast 1.875% 20/02/2036","page_number":138,"box":{"x":230,"y":372,"width":215,"height":9}},{"id":"a26a4987-839c-4c1b-b3d0-b5a1c94cadf2","block_type":"box","text":"287,683","page_number":138,"box":{"x":740,"y":372,"width":59,"height":11}},{"id":"d5fabd0d-984b-45a5-9748-30a350e9bd4c","block_type":"box","text":"0.25","page_number":138,"box":{"x":925,"y":372,"width":32,"height":9}},{"id":"de1c020a-9c37-42b1-b2af-8f754bbcbc34","block_type":"box","text":"£100,000","page_number":138,"box":{"x":126,"y":387,"width":69,"height":11}},{"id":"2af956e9-f6c8-4701-8875-06c3f1387285","block_type":"box","text":"Coventry Building Society 5.875% 12/03/2030","page_number":138,"box":{"x":230,"y":387,"width":340,"height":12}},{"id":"d933df84-32f3-462e-b5fa-4848bf4c4e7a","block_type":"box","text":"102,300","page_number":138,"box":{"x":741,"y":388,"width":58,"height":10}},{"id":"2ccd05cb-79cc-4556-b530-8d7d52ccde52","block_type":"box","text":"0.09","page_number":138,"box":{"x":925,"y":388,"width":31,"height":8}},{"id":"2f8aef2e-292d-443c-ba57-f91f3c3c12ee","block_type":"box","text":"£600,000","page_number":138,"box":{"x":126,"y":403,"width":69,"height":10}},{"id":"323724b3-8723-4119-8de2-233c915e8e38","block_type":"box","text":"Credit Agricole 5.375% 20/12/2037","page_number":138,"box":{"x":230,"y":403,"width":258,"height":11}},{"id":"5ebdf0d3-1341-48e4-b72d-c2919ea6651a","block_type":"box","text":"585,926","page_number":138,"box":{"x":740,"y":403,"width":59,"height":10}},{"id":"d64eb8dc-a208-4120-9f3e-1ef6219ea1e1","block_type":"box","text":"0.50","page_number":138,"box":{"x":925,"y":403,"width":31,"height":9}},{"id":"87ba413e-cde8-4f03-b3bf-e040c4ce3cfa","block_type":"box","text":"£700,000","page_number":138,"box":{"x":126,"y":418,"width":69,"height":11}},{"id":"f7d69569-30f6-408e-9ac2-37de7a9bfb77","block_type":"box","text":"Credit Agricole 5.50% 31/07/2032","page_number":138,"box":{"x":230,"y":418,"width":248,"height":11}},{"id":"8a8df740-3328-4dc7-922d-a383d7dfaf0b","block_type":"box","text":"709,716","page_number":138,"box":{"x":740,"y":418,"width":59,"height":11}},{"id":"e1465618-4597-4606-b02d-84d709c31753","block_type":"box","text":"0.61","page_number":138,"box":{"x":925,"y":418,"width":29,"height":9}},{"id":"1fb1fb82-15ff-45c2-b0f2-4b85b6d2cb81","block_type":"box","text":"£700,000","page_number":138,"box":{"x":126,"y":434,"width":69,"height":10}},{"id":"d4b774a3-c96f-4fcf-898a-34f1ee058d07","block_type":"box","text":"Credit Agricole 6.00% 22/10/2035","page_number":138,"box":{"x":230,"y":434,"width":248,"height":11}},{"id":"2bb83f5f-b04d-4e8b-a28b-7e17198d6521","block_type":"box","text":"710,950","page_number":138,"box":{"x":740,"y":434,"width":59,"height":10}},{"id":"e515310c-d2a1-4ff3-873c-5a5d8215f7d0","block_type":"box","text":"0.61","page_number":138,"box":{"x":925,"y":434,"width":29,"height":8}},{"id":"0775d28e-b3a3-4cb5-9a0f-7dc2170c5dc7","block_type":"box","text":"£700,000","page_number":138,"box":{"x":126,"y":449,"width":69,"height":10}},{"id":"e0f77ec6-b9e6-4790-a0c5-c6316f712ca1","block_type":"box","text":"Deutsche Bank 6.125% 12/12/2030","page_number":138,"box":{"x":230,"y":449,"width":262,"height":9}},{"id":"7b3f54e4-07a6-47e9-9f03-47ed46a90327","block_type":"box","text":"723,204","page_number":138,"box":{"x":740,"y":449,"width":59,"height":10}},{"id":"90598877-c05d-4717-b197-49a7971dbf30","block_type":"box","text":"0.62","page_number":138,"box":{"x":925,"y":449,"width":31,"height":9}},{"id":"6d5bcbe3-436f-48a7-94a4-c45e346ed53e","block_type":"box","text":"£1,100,000","page_number":138,"box":{"x":112,"y":464,"width":83,"height":11}},{"id":"5bc8cc35-4266-48e2-b3e9-9f6c7b80f340","block_type":"box","text":"Digital Stout Holding 3.75% 17/10/2030","page_number":138,"box":{"x":230,"y":464,"width":291,"height":12}},{"id":"91bfc861-7e73-470f-98d5-9606f4f53dc2","block_type":"box","text":"1,041,991","page_number":138,"box":{"x":727,"y":464,"width":70,"height":11}},{"id":"2f40df43-5b72-4dc3-ad1f-190adb453245","block_type":"box","text":"0.90","page_number":138,"box":{"x":925,"y":464,"width":31,"height":9}},{"id":"038323d6-f21f-4f4d-8c70-6255a000a03b","block_type":"box","text":"£600,000","page_number":138,"box":{"x":126,"y":480,"width":69,"height":10}},{"id":"7001503e-adca-4fa7-a555-1f670ca94bfe","block_type":"box","text":"DWR Cymru Financing UK 2.375% 31/03/2034","page_number":138,"box":{"x":230,"y":480,"width":348,"height":11}},{"id":"a60e2da1-fa37-468c-85c2-e6a81f29b2fe","block_type":"box","text":"459,022","page_number":138,"box":{"x":740,"y":480,"width":59,"height":10}},{"id":"40bfb576-7f4f-4aab-91fb-dcfc6bc302e1","block_type":"box","text":"0.40","page_number":138,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"7dc322d3-9ec8-404b-a1f5-9bb8869efbe6","block_type":"box","text":"£900,000","page_number":138,"box":{"x":126,"y":495,"width":69,"height":10}},{"id":"d9eb0590-865d-4644-ba53-2212139e1273","block_type":"box","text":"E.ON International Finance 5.875% 30/10/2037","page_number":138,"box":{"x":230,"y":495,"width":351,"height":9}},{"id":"cd0f7548-0263-4e7a-8882-1b546219dc51","block_type":"box","text":"893,722","page_number":138,"box":{"x":740,"y":495,"width":59,"height":10}},{"id":"16cd3d54-784e-447c-96f0-787087c481e4","block_type":"box","text":"0.77","page_number":138,"box":{"x":925,"y":495,"width":31,"height":9}},{"id":"146bf3b7-aadd-49e6-b453-c1b4b14b3e08","block_type":"box","text":"£300,000","page_number":138,"box":{"x":126,"y":510,"width":69,"height":11}},{"id":"6229ad11-504b-4561-afb0-d7219d30332e","block_type":"box","text":"Eastern Power Networks 5.375% 02/10/2039","page_number":138,"box":{"x":230,"y":510,"width":333,"height":9}},{"id":"fef62dc6-d8ce-4efd-ada0-1afc67fceebd","block_type":"box","text":"283,472","page_number":138,"box":{"x":740,"y":510,"width":59,"height":11}},{"id":"495c856b-c6d4-4b81-a166-329920fe091a","block_type":"box","text":"0.24","page_number":138,"box":{"x":925,"y":510,"width":31,"height":9}},{"id":"1970edb9-a85a-4acc-8443-9be028037e41","block_type":"box","text":"£1,100,000","page_number":138,"box":{"x":112,"y":526,"width":83,"height":10}},{"id":"5e6bdc7a-4207-4fd5-8a99-dafb8e9b2a88","block_type":"box","text":"Electricite de France 5.125% 22/09/2050","page_number":138,"box":{"x":230,"y":526,"width":301,"height":9}},{"id":"9236d2c6-c0b9-4c7d-bd83-100bff0eb378","block_type":"box","text":"880,114","page_number":138,"box":{"x":741,"y":526,"width":58,"height":10}},{"id":"6b32c17d-bd61-48aa-a84d-c6a0ab076c6a","block_type":"box","text":"0.76","page_number":138,"box":{"x":925,"y":526,"width":31,"height":9}},{"id":"0f741e43-af9a-4f17-be0a-27b6c685a868","block_type":"box","text":"£1,200,000","page_number":138,"box":{"x":112,"y":541,"width":83,"height":11}},{"id":"68c808f6-1c7c-4156-a71a-8156f76a3af4","block_type":"box","text":"Electricite de France 6.125% 02/06/2034","page_number":138,"box":{"x":230,"y":541,"width":301,"height":9}},{"id":"e96504f3-c963-4ef9-82a7-9cc0f72bf7af","block_type":"box","text":"1,235,844","page_number":138,"box":{"x":727,"y":541,"width":72,"height":11}},{"id":"f576acc6-7d9d-4353-89c0-ce44a2d49c31","block_type":"box","text":"1.06","page_number":138,"box":{"x":926,"y":541,"width":30,"height":9}},{"id":"62ca1a39-07d8-43a8-8d54-59a055340e2b","block_type":"box","text":"£900,000","page_number":138,"box":{"x":126,"y":556,"width":69,"height":11}},{"id":"66edd2de-c197-481f-851d-870726f4a288","block_type":"box","text":"HSBC Holdings 5.29% 16/09/2032","page_number":138,"box":{"x":230,"y":556,"width":256,"height":12}},{"id":"253ba46a-c29a-419e-9021-4cc5981d50d2","block_type":"box","text":"904,283","page_number":138,"box":{"x":740,"y":557,"width":59,"height":10}},{"id":"70ae3b00-6bee-4033-a568-1cbb143d2225","block_type":"box","text":"0.78","page_number":138,"box":{"x":925,"y":557,"width":31,"height":8}},{"id":"04a93bb7-53d7-4c80-88a3-dc3311c7dbe1","block_type":"box","text":"£710,000","page_number":138,"box":{"x":126,"y":572,"width":69,"height":10}},{"id":"d3d008b5-2055-4259-b4e5-ed942d00e705","block_type":"box","text":"HSBC Holdings 8.201% 16/11/2034","page_number":138,"box":{"x":230,"y":572,"width":264,"height":11}},{"id":"69a55087-e51c-478b-9765-4bb77f2c44be","block_type":"box","text":"765,702","page_number":138,"box":{"x":740,"y":572,"width":59,"height":10}},{"id":"d209f3a7-c7bc-46a1-aff5-bd9dea464c6c","block_type":"box","text":"0.66","page_number":138,"box":{"x":925,"y":572,"width":31,"height":9}},{"id":"ab7a2657-1396-4e0d-861c-8dadf67c5128","block_type":"box","text":"£1,010,000","page_number":138,"box":{"x":112,"y":587,"width":83,"height":11}},{"id":"eee03d31-db98-4a63-9950-c33d37fc1097","block_type":"box","text":"InterContinental Hotels Group 3.375% 08/10/2028","page_number":138,"box":{"x":230,"y":587,"width":371,"height":11}},{"id":"8f3f2e36-010c-438c-8b7b-91ba00b4bd68","block_type":"box","text":"975,957","page_number":138,"box":{"x":740,"y":587,"width":59,"height":11}},{"id":"165f20c9-d069-4aa3-bb2e-d56bdae7bda0","block_type":"box","text":"0.84","page_number":138,"box":{"x":925,"y":587,"width":31,"height":9}},{"id":"d57ab46a-7feb-47a2-beb3-406ba5744684","block_type":"box","text":"£1,300,000","page_number":138,"box":{"x":112,"y":603,"width":83,"height":10}},{"id":"440ba5bb-4882-4195-a585-0b26a20ea463","block_type":"box","text":"Intesa Sanpaolo 8.505% 20/09/2032","page_number":138,"box":{"x":230,"y":603,"width":270,"height":11}},{"id":"83cb98f7-2ea8-493d-808f-5784529bb7d8","block_type":"box","text":"1,491,541","page_number":138,"box":{"x":727,"y":603,"width":70,"height":10}},{"id":"467c65b7-5578-4513-9729-ff486e57da28","block_type":"box","text":"1.29","page_number":138,"box":{"x":926,"y":603,"width":30,"height":8}},{"id":"8bfed103-0583-4d6c-8906-2bd151318f00","block_type":"box","text":"£500,000","page_number":138,"box":{"x":126,"y":618,"width":69,"height":10}},{"id":"fad34952-324d-4f1a-9010-d62f83f89666","block_type":"box","text":"Legal & General Group 3.75% 26/11/2049","page_number":138,"box":{"x":230,"y":618,"width":311,"height":11}},{"id":"06933a59-feda-4b44-97f1-724d8e725ca7","block_type":"box","text":"475,175","page_number":138,"box":{"x":740,"y":618,"width":59,"height":10}},{"id":"c66c5bfc-d6cd-4c0b-986f-cb25619c7453","block_type":"box","text":"0.41","page_number":138,"box":{"x":925,"y":618,"width":29,"height":9}},{"id":"19eb4a0e-e28b-4efe-8919-f2cb634661f7","block_type":"box","text":"£1,350,000","page_number":138,"box":{"x":112,"y":633,"width":83,"height":11}},{"id":"7c0a3107-28a3-49bd-9a3b-81fa63d69516","block_type":"box","text":"Lloyds Banking Group 5.25% 16/10/2031","page_number":138,"box":{"x":230,"y":633,"width":302,"height":12}},{"id":"d08b8a94-f069-4510-8529-d84e98f646d9","block_type":"box","text":"1,359,035","page_number":138,"box":{"x":727,"y":633,"width":72,"height":11}},{"id":"5d428bb6-304c-4dee-acb6-5e3b3fcf33e2","block_type":"box","text":"1.17","page_number":138,"box":{"x":926,"y":633,"width":30,"height":9}},{"id":"ee270d17-38f8-4bae-94f8-551b8dd1553a","block_type":"box","text":"£200,000","page_number":138,"box":{"x":126,"y":649,"width":69,"height":10}},{"id":"ed1e1871-3358-41d6-b9ee-4a24cd3d06a1","block_type":"box","text":"Lloyds Banking Group 5.625% 16/09/2036","page_number":138,"box":{"x":230,"y":649,"width":314,"height":11}},{"id":"ddc436d1-e56f-44d3-be65-213c533bdd98","block_type":"box","text":"199,776","page_number":138,"box":{"x":741,"y":649,"width":58,"height":10}},{"id":"909164cd-1b5f-40a8-a251-fe5fd9b49d79","block_type":"box","text":"0.17","page_number":138,"box":{"x":925,"y":649,"width":31,"height":9}},{"id":"b071d351-6f82-4886-84f5-ab2d7d397227","block_type":"box","text":"£500,000","page_number":138,"box":{"x":126,"y":664,"width":69,"height":10}},{"id":"9699ac4b-d7b5-4de8-aaf8-e8222d1304ca","block_type":"box","text":"M&G 5.56% 20/07/2055","page_number":138,"box":{"x":230,"y":664,"width":177,"height":9}},{"id":"bd5d5870-beaa-4c26-ac7a-1d4de26ad7a7","block_type":"box","text":"475,373","page_number":138,"box":{"x":740,"y":664,"width":59,"height":10}},{"id":"2cd86e41-b790-4d83-986b-b3bf7ef305c0","block_type":"box","text":"0.41","page_number":138,"box":{"x":925,"y":664,"width":29,"height":9}},{"id":"3eee445a-b632-4025-a033-21c3a66cb15e","block_type":"box","text":"£800,000","page_number":138,"box":{"x":126,"y":679,"width":69,"height":11}},{"id":"f171ca7e-fa75-4933-b69f-92a7902f0024","block_type":"box","text":"Morgan Stanley 5.789% 18/11/2033","page_number":138,"box":{"x":230,"y":679,"width":265,"height":12}},{"id":"55323a77-4309-457e-b998-d65a3d20657a","block_type":"box","text":"819,459","page_number":138,"box":{"x":740,"y":679,"width":59,"height":11}},{"id":"8e81aef4-3ccb-47e3-bc26-1450435c5526","block_type":"box","text":"0.71","page_number":138,"box":{"x":925,"y":679,"width":29,"height":9}},{"id":"9de29f75-9567-469a-bcd7-417fdcaaae2a","block_type":"box","text":"£841,000","page_number":138,"box":{"x":126,"y":695,"width":69,"height":10}},{"id":"7b37b49c-3b5c-46ee-b721-46f2629b6521","block_type":"box","text":"Motability Operations Group 6.25% 22/01/2045","page_number":138,"box":{"x":230,"y":695,"width":348,"height":11}},{"id":"8be805ce-1a23-4af1-b0ae-75ba0cd72a0e","block_type":"box","text":"819,879","page_number":138,"box":{"x":740,"y":695,"width":59,"height":10}},{"id":"16978996-679a-427e-b2f2-1bb6a409b6bc","block_type":"box","text":"0.71","page_number":138,"box":{"x":925,"y":695,"width":29,"height":9}},{"id":"92a1290b-3fee-4aef-9a96-b638ef678df1","block_type":"box","text":"£562,000","page_number":138,"box":{"x":126,"y":724,"width":69,"height":11}},{"id":"74a3cdad-167f-4d2f-99c1-ed9a19b53431","block_type":"box","text":"National Grid Electricity Distribution South Wales 5.35%","page_number":138,"box":{"x":230,"y":710,"width":413,"height":11}},{"id":"36e030b5-6038-4e3d-ad76-d95f8b1bc311","block_type":"box","text":"10/07/2039","page_number":138,"box":{"x":231,"y":724,"width":81,"height":9}},{"id":"3f1d4bc3-9274-4e8a-8ad6-53f2399b6652","block_type":"box","text":"524,305","page_number":138,"box":{"x":740,"y":724,"width":59,"height":11}},{"id":"74c67631-278b-41ff-87ad-435b5a53519a","block_type":"box","text":"0.45","page_number":138,"box":{"x":925,"y":725,"width":32,"height":8}},{"id":"a1334dc8-6d85-4cca-91f8-543f747153de","block_type":"box","text":"£300,000","page_number":138,"box":{"x":126,"y":754,"width":69,"height":10}},{"id":"b32d7b21-eefa-4072-b75b-6ea8e215dbed","block_type":"box","text":"National Grid Electricity Distribution South West 5.75%","page_number":138,"box":{"x":230,"y":740,"width":405,"height":11}},{"id":"ece06586-feac-4e3e-aa6b-7fc252103446","block_type":"box","text":"23/03/2040","page_number":138,"box":{"x":229,"y":754,"width":83,"height":9}},{"id":"f0b820fb-01cd-4cb7-b157-319ddfa17b8b","block_type":"box","text":"286,764","page_number":138,"box":{"x":740,"y":754,"width":59,"height":10}},{"id":"9349cb00-6094-4137-8a64-67f282ea7927","block_type":"box","text":"0.25","page_number":138,"box":{"x":925,"y":754,"width":32,"height":9}},{"id":"4a441e55-f27a-406f-8133-5618e57665e0","block_type":"box","text":"£500,000","page_number":138,"box":{"x":126,"y":769,"width":69,"height":11}},{"id":"67fcc158-0fde-4b95-9854-d5017a3713ed","block_type":"box","text":"Nationwide Building Society 4.00% 03/09/2027","page_number":138,"box":{"x":230,"y":769,"width":346,"height":12}},{"id":"b0887c78-adb1-41ea-bebc-05d15601883d","block_type":"box","text":"499,688","page_number":138,"box":{"x":740,"y":769,"width":59,"height":11}},{"id":"3c8794e9-ec6f-4088-8c33-e39d1c1e56e0","block_type":"box","text":"0.43","page_number":138,"box":{"x":925,"y":769,"width":31,"height":9}},{"id":"d7d7e7bf-012e-4e35-a92e-70223da8dbb0","block_type":"box","text":"£600,000","page_number":138,"box":{"x":126,"y":785,"width":69,"height":10}},{"id":"b36fe32d-4c89-45b5-a564-ce6b87647d17","block_type":"box","text":"Nationwide Building Society 7.50% Perpetual","page_number":138,"box":{"x":230,"y":785,"width":334,"height":11}},{"id":"01d0e6b0-b076-4f56-8da5-841f125f83b4","block_type":"box","text":"617,238","page_number":138,"box":{"x":740,"y":785,"width":59,"height":10}},{"id":"99536b1e-2a4e-412b-a310-516207c7f8fc","block_type":"box","text":"0.53","page_number":138,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"2bbff9a4-b756-47cf-8091-ee208d6c99a5","block_type":"box","text":"£900,000","page_number":138,"box":{"x":126,"y":800,"width":69,"height":11}},{"id":"63dc198d-89c3-416d-b97e-c03df8da7215","block_type":"box","text":"NatWest Group 7.50% Perpetual","page_number":138,"box":{"x":230,"y":800,"width":242,"height":11}},{"id":"b49d5b89-f8ae-47fe-a020-040127a1dd21","block_type":"box","text":"927,873","page_number":138,"box":{"x":740,"y":800,"width":59,"height":11}},{"id":"bece381b-67fb-4070-b31b-6a1548fca734","block_type":"box","text":"0.80","page_number":138,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"0dc06892-5539-44c6-aca9-0718cca7acb8","block_type":"box","text":"£400,000","page_number":138,"box":{"x":126,"y":815,"width":69,"height":11}},{"id":"a9517701-8ed8-4d88-949f-2a1d7bbb988f","block_type":"box","text":"NatWest Markets 6.375% 07/12/2028","page_number":138,"box":{"x":230,"y":815,"width":277,"height":10}},{"id":"cd6a17ef-0f26-4fe9-9b94-9f3d6af3ff4f","block_type":"box","text":"405,675","page_number":138,"box":{"x":740,"y":816,"width":59,"height":10}},{"id":"25460cdd-7a5b-4888-9405-d7f0b46eb3b9","block_type":"box","text":"0.35","page_number":138,"box":{"x":925,"y":816,"width":32,"height":8}},{"id":"b012c624-ec1e-43d8-80b7-33e7efa04880","block_type":"box","text":"£600,000","page_number":138,"box":{"x":126,"y":831,"width":69,"height":10}},{"id":"64b13951-8d04-405d-a8cd-a68bbd8a1486","block_type":"box","text":"Northern Powergrid Yorkshire 6.125% 01/04/2050","page_number":138,"box":{"x":230,"y":831,"width":368,"height":11}},{"id":"04e21acf-907f-402a-981d-00086230094c","block_type":"box","text":"582,970","page_number":138,"box":{"x":740,"y":831,"width":59,"height":10}},{"id":"887930b9-024b-4bdf-ad25-b2329a9748c6","block_type":"box","text":"0.50","page_number":138,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"ec331807-3aa0-446f-815d-035b5f0a4599","block_type":"box","text":"£1,000,000","page_number":138,"box":{"x":112,"y":846,"width":83,"height":11}},{"id":"aeb95394-9b3d-433c-9600-90badd227e00","block_type":"box","text":"Places for People Homes 5.875% 23/05/2031","page_number":138,"box":{"x":230,"y":846,"width":336,"height":11}},{"id":"168b8583-d69a-43a3-924e-33f4d3363297","block_type":"box","text":"1,024,676","page_number":138,"box":{"x":727,"y":846,"width":72,"height":11}},{"id":"a147410c-0183-4bb5-bb7a-848d13803b74","block_type":"box","text":"0.88","page_number":138,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"93156771-3f11-4224-a180-1b65edae16af","block_type":"box","text":"£418,000","page_number":138,"box":{"x":126,"y":862,"width":69,"height":10}},{"id":"d94308d1-4bbf-4502-b40e-a4b050736ec7","block_type":"box","text":"RCB Bonds 7.50% 07/07/2032","page_number":138,"box":{"x":230,"y":862,"width":227,"height":9}},{"id":"52719299-e85f-4b65-bc1f-84a4c28e9b84","block_type":"box","text":"424,682","page_number":138,"box":{"x":740,"y":862,"width":59,"height":10}},{"id":"b7e272c2-3444-4b3b-b2a8-3ab11aeceaed","block_type":"box","text":"0.37","page_number":138,"box":{"x":925,"y":862,"width":31,"height":8}},{"id":"c9311ba8-9735-4cf3-855f-704dff26dbf5","block_type":"box","text":"£500,000","page_number":138,"box":{"x":126,"y":877,"width":69,"height":10}},{"id":"d5345e16-6f8d-4252-9fe0-57c07a7ca744","block_type":"box","text":"Realty Income 6.00% 05/12/2039","page_number":138,"box":{"x":230,"y":877,"width":246,"height":11}},{"id":"f1b7c294-3a71-4db6-87ae-ef1d04eb22cf","block_type":"box","text":"496,912","page_number":138,"box":{"x":740,"y":877,"width":59,"height":10}},{"id":"cbfe757f-22bb-4407-afe9-75a3032ab568","block_type":"box","text":"0.43","page_number":138,"box":{"x":925,"y":877,"width":31,"height":9}},{"id":"cf1bb1de-fd03-4b47-a148-2b93f3f4b27d","block_type":"box","text":"£850,000","page_number":138,"box":{"x":126,"y":892,"width":69,"height":11}},{"id":"c5dce94f-9ce2-4078-9ea3-26ae3fcd75ac","block_type":"box","text":"Retail Charity Bonds 3.50% 08/12/2033","page_number":138,"box":{"x":230,"y":892,"width":292,"height":12}},{"id":"3473eca6-a07c-4cc9-8ccb-6c71e29953ba","block_type":"box","text":"746,009","page_number":138,"box":{"x":740,"y":892,"width":59,"height":11}},{"id":"0808c340-dbfc-4d76-bac3-8380fca47e44","block_type":"box","text":"0.64","page_number":138,"box":{"x":925,"y":892,"width":31,"height":9}},{"id":"2d0228c4-6311-466d-b437-a1e3f9c19683","block_type":"box","text":"£1,000,000","page_number":138,"box":{"x":112,"y":908,"width":83,"height":10}},{"id":"8fa17714-5d84-4a29-8209-a9eae17b9a2b","block_type":"box","text":"Scottish Power UK 6.375% 31/05/2041","page_number":138,"box":{"x":230,"y":908,"width":286,"height":9}},{"id":"b9e22f19-92d7-4cad-9ec9-35b4e6cbef65","block_type":"box","text":"1,015,001","page_number":138,"box":{"x":727,"y":908,"width":70,"height":10}},{"id":"ae0a8496-aef9-4c74-b1e7-7806f5ab8282","block_type":"box","text":"0.87","page_number":138,"box":{"x":925,"y":908,"width":31,"height":9}},{"id":"9d260c49-6a33-4c3b-8d00-f5833fde82c8","block_type":"box","text":"£600,000","page_number":138,"box":{"x":126,"y":923,"width":69,"height":10}},{"id":"d9623555-341d-4187-aa9a-f19be7eb13c0","block_type":"box","text":"Unicredit 5.305% 31/07/2032","page_number":138,"box":{"x":230,"y":923,"width":215,"height":9}},{"id":"43b66dda-eeb5-4289-a5fd-479fdcbd7c3b","block_type":"box","text":"600,671","page_number":138,"box":{"x":740,"y":923,"width":57,"height":10}},{"id":"61b096e2-9fb6-4f5d-a35f-0cc5d4dd2c28","block_type":"box","text":"0.52","page_number":138,"box":{"x":925,"y":923,"width":31,"height":9}},{"id":"dd2498e8-07e3-40ef-bcb1-4a75aaf52c8f","block_type":"box","text":"£1,500,000","page_number":138,"box":{"x":112,"y":938,"width":83,"height":11}},{"id":"b00f09b9-d48f-457b-b779-5e0780d80643","block_type":"box","text":"Unite Group 5.625% 25/06/2032","page_number":138,"box":{"x":230,"y":938,"width":239,"height":11}},{"id":"5189a215-7100-40be-b497-58d4e7ee7894","block_type":"box","text":"1,505,326","page_number":138,"box":{"x":727,"y":938,"width":72,"height":11}},{"id":"72c48bfa-6e3b-4150-b790-356d426ec9d3","block_type":"box","text":"1.30","page_number":138,"box":{"x":926,"y":938,"width":30,"height":9}},{"id":"1ec675f9-179f-4ece-9d9e-be4dd946dd27","block_type":"box","text":"138","page_number":139,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"fa07ecd2-7a74-4cf5-9455-98e01f6be40c","block_type":"box","text":"139","page_number":139,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"f64d20b7-7b43-4b0c-b47e-cca2c856b000","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":139,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"4b2025cd-84bb-4170-b4c0-9b74de78126d","block_type":"box","text":"Portfolio Statement (continued)","page_number":139,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"6af97faa-1d63-463a-81a3-e63e1bca3b1f","block_type":"box","text":"Holding/Nominal Value","page_number":139,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"c7d64b0c-a350-4fca-bb22-6e779e2bb1d4","block_type":"box","text":"Investment","page_number":139,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"e3f9758d-3e24-4687-86d7-b2bfeee680b8","block_type":"box","text":"Market","page_number":139,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"a59a171d-4e21-4675-9afb-a6510c9e7d16","block_type":"box","text":"Value","page_number":139,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"61b4a850-c653-4213-bb6d-d55c9acf3e40","block_type":"box","text":"£","page_number":139,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"4d3a39a8-6274-4b36-88d4-4e21edd0c1cc","block_type":"box","text":"% of","page_number":139,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"7608748c-3413-405b-b150-f10bd801e1e8","block_type":"box","text":"Net Assets","page_number":139,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"8e1e0c54-4aca-45fd-9f4b-81d8aa2c6168","block_type":"box","text":"Sterling Corporate Bonds (continued)","page_number":139,"box":{"x":42,"y":164,"width":299,"height":11}},{"id":"e507c4f2-9c70-4a5c-a05c-618f7e1b388f","block_type":"box","text":"£300,000","page_number":139,"box":{"x":126,"y":183,"width":69,"height":10}},{"id":"12dc3b27-cd53-4f32-b269-6e408f309a25","block_type":"box","text":"University of Manchester 4.25% 04/07/2053","page_number":139,"box":{"x":230,"y":183,"width":324,"height":11}},{"id":"f12218fe-98a0-4ef7-9c91-dc9be3ed256e","block_type":"box","text":"224,233","page_number":139,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"afef2422-eb64-4df4-81df-28d75e4b32be","block_type":"box","text":"0.19","page_number":139,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"1bdd74e5-6835-498f-b987-488e574516d4","block_type":"box","text":"£281,000","page_number":139,"box":{"x":126,"y":198,"width":69,"height":11}},{"id":"c4ff3473-d3c6-48ab-9064-6b994822f477","block_type":"box","text":"Verizon Communications 5.742% 15/06/2056","page_number":139,"box":{"x":229,"y":198,"width":335,"height":9}},{"id":"3f84a6f3-4a08-42af-8346-a6ec05f8939d","block_type":"box","text":"279,487","page_number":139,"box":{"x":740,"y":198,"width":59,"height":11}},{"id":"024a0d99-53e5-4f96-9c3a-eed36757b817","block_type":"box","text":"0.24","page_number":139,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"03810cb5-d091-4e6b-a3e8-59a0feaf4d19","block_type":"box","text":"£694,000","page_number":139,"box":{"x":126,"y":213,"width":69,"height":11}},{"id":"07ddcaac-e2e5-4814-ae94-c06a656b7981","block_type":"box","text":"Verizon Communications 5.743% 15/08/2056","page_number":139,"box":{"x":229,"y":213,"width":335,"height":10}},{"id":"f7bf83c0-9544-415b-a0b3-56d06a2455b4","block_type":"box","text":"682,547","page_number":139,"box":{"x":740,"y":214,"width":59,"height":10}},{"id":"60f75dd8-1898-4a1e-85a7-cb71d4da2529","block_type":"box","text":"0.59","page_number":139,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"03dedadc-e26e-44ab-b035-194600ae3458","block_type":"box","text":"£200,000","page_number":139,"box":{"x":126,"y":243,"width":69,"height":11}},{"id":"f1e3bb28-1583-4dde-a27e-301907a2f588","block_type":"box","text":"Zurich Finance Ireland Designated Activity 5.125%","page_number":139,"box":{"x":229,"y":229,"width":380,"height":11}},{"id":"5ee01adf-8268-4161-bca5-3b8002dafff6","block_type":"box","text":"23/11/2052","page_number":139,"box":{"x":229,"y":243,"width":82,"height":9}},{"id":"934406d2-4e22-4c79-b2e4-e5b7c57888e0","block_type":"box","text":"196,339","page_number":139,"box":{"x":741,"y":243,"width":58,"height":11}},{"id":"e9692ba7-ce76-4b3d-bbaa-dfc1ca8d1129","block_type":"box","text":"0.17","page_number":139,"box":{"x":925,"y":243,"width":31,"height":9}},{"id":"9ea9b605-3cae-4886-a426-d1bf9466b7ba","block_type":"box","text":"32,658,388","page_number":139,"box":{"x":717,"y":261,"width":82,"height":11}},{"id":"d98e833b-27d3-452b-a7da-dafbdc928afb","block_type":"box","text":"28.15","page_number":139,"box":{"x":916,"y":261,"width":41,"height":9}},{"id":"4d2a93bb-4c77-485e-8d09-b3a2ccfceff9","block_type":"box","text":"UK Gilts","page_number":139,"box":{"x":43,"y":292,"width":64,"height":9}},{"id":"a09bdca0-f575-4d4d-b0ab-8153f3ca52a0","block_type":"box","text":"45.39% (31 December 2025 - 49.77%)","page_number":139,"box":{"x":108,"y":292,"width":295,"height":11}},{"id":"db99f3aa-7f8f-4d4d-87d5-e3d587c20fcb","block_type":"box","text":"£4,506,443","page_number":139,"box":{"x":112,"y":311,"width":83,"height":10}},{"id":"53d44fef-9848-46f2-9e91-c62b369dc3e2","block_type":"box","text":"United Kingdom Gilt 1.50% 31/07/2053","page_number":139,"box":{"x":230,"y":311,"width":288,"height":11}},{"id":"173fc457-a752-4749-82dc-4242224de164","block_type":"box","text":"1,961,880","page_number":139,"box":{"x":727,"y":311,"width":72,"height":10}},{"id":"ad07e05a-cd35-4f37-a35c-a4d2cc3eb1e4","block_type":"box","text":"1.69","page_number":139,"box":{"x":926,"y":311,"width":30,"height":9}},{"id":"4381402d-b7be-4262-b9dc-277004d7f192","block_type":"box","text":"£1,400,000","page_number":139,"box":{"x":112,"y":326,"width":83,"height":10}},{"id":"c3e0ba74-6bac-4e21-bb95-6cd5ad70e8cd","block_type":"box","text":"United Kingdom Gilt 1.625% 22/10/2071","page_number":139,"box":{"x":230,"y":326,"width":295,"height":11}},{"id":"50b67520-f8ee-4f26-99c3-17b07bb79f8b","block_type":"box","text":"526,750","page_number":139,"box":{"x":740,"y":326,"width":59,"height":10}},{"id":"9668a4b5-65ec-4670-bd35-7ade8e0a203a","block_type":"box","text":"0.46","page_number":139,"box":{"x":925,"y":326,"width":31,"height":9}},{"id":"61375855-9c5a-4ded-8646-4966a1e9521e","block_type":"box","text":"£4,200,000","page_number":139,"box":{"x":112,"y":341,"width":83,"height":11}},{"id":"467aa5ca-9690-4145-947c-1697befc7172","block_type":"box","text":"United Kingdom Gilt 3.25% 22/01/2044","page_number":139,"box":{"x":230,"y":341,"width":288,"height":12}},{"id":"2689bc9d-79c8-4694-b3d3-dc02035fd617","block_type":"box","text":"3,190,239","page_number":139,"box":{"x":726,"y":342,"width":73,"height":10}},{"id":"a1b22564-9b57-4e0b-a61b-08fdea1c5110","block_type":"box","text":"2.75","page_number":139,"box":{"x":925,"y":342,"width":32,"height":8}},{"id":"a5bd810d-abfc-4f3d-9baf-1a9ecf10be43","block_type":"box","text":"£1,000,000","page_number":139,"box":{"x":112,"y":357,"width":83,"height":10}},{"id":"50f46265-3284-4a7a-b739-37d87160cad3","block_type":"box","text":"United Kingdom Gilt 3.50% 22/01/2045","page_number":139,"box":{"x":230,"y":357,"width":289,"height":11}},{"id":"e15e88fb-ba1e-4d92-a3e8-186adb5cfecf","block_type":"box","text":"778,131","page_number":139,"box":{"x":740,"y":357,"width":57,"height":10}},{"id":"ff462a4e-4947-4ed6-ba34-895b5797c3ec","block_type":"box","text":"0.67","page_number":139,"box":{"x":925,"y":357,"width":31,"height":9}},{"id":"73b5e1a7-3c9f-450d-b87e-6f9de9188952","block_type":"box","text":"£3,800,000","page_number":139,"box":{"x":112,"y":372,"width":83,"height":11}},{"id":"3173ab1f-3c7a-4f25-97e5-4d321d982364","block_type":"box","text":"United Kingdom Gilt 3.75% 22/07/2052","page_number":139,"box":{"x":230,"y":372,"width":288,"height":11}},{"id":"501e6f47-1702-47f1-860f-eda516d8e171","block_type":"box","text":"2,880,101","page_number":139,"box":{"x":726,"y":372,"width":71,"height":11}},{"id":"1a066864-4a09-40e1-8cb7-ae8479b5ae80","block_type":"box","text":"2.48","page_number":139,"box":{"x":925,"y":372,"width":31,"height":9}},{"id":"7acee368-9d08-4c48-8ac0-c652dc77b06d","block_type":"box","text":"£3,500,000","page_number":139,"box":{"x":112,"y":387,"width":83,"height":11}},{"id":"5367f34a-4eb5-4bd9-9629-6f45bbc043bf","block_type":"box","text":"United Kingdom Gilt 4.00% 22/01/2060","page_number":139,"box":{"x":230,"y":387,"width":288,"height":12}},{"id":"3ccc7e8d-d7aa-4999-a859-4eddca72afaf","block_type":"box","text":"2,706,375","page_number":139,"box":{"x":726,"y":388,"width":73,"height":10}},{"id":"10aee3dd-d176-4360-8dd8-7db2a57e7458","block_type":"box","text":"2.33","page_number":139,"box":{"x":925,"y":388,"width":31,"height":8}},{"id":"2069605e-26cf-4a61-925e-a8ea900dfb94","block_type":"box","text":"£5,050,000","page_number":139,"box":{"x":112,"y":403,"width":83,"height":10}},{"id":"b47a5790-3bb4-4604-98cf-720f98539942","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2027","page_number":139,"box":{"x":230,"y":403,"width":288,"height":11}},{"id":"ef639e60-0114-4d33-923d-e6094588ff10","block_type":"box","text":"5,065,471","page_number":139,"box":{"x":726,"y":403,"width":71,"height":10}},{"id":"2420a4cb-91c8-4870-bba0-7340fe9bee65","block_type":"box","text":"4.37","page_number":139,"box":{"x":925,"y":403,"width":31,"height":9}},{"id":"47ae03c1-f441-43a6-a8e0-0644c85a1130","block_type":"box","text":"£7,930,000","page_number":139,"box":{"x":112,"y":418,"width":83,"height":11}},{"id":"31578848-88a5-4232-8ee7-2e3c54531e29","block_type":"box","text":"United Kingdom Gilt 4.25% 07/03/2036","page_number":139,"box":{"x":230,"y":418,"width":288,"height":11}},{"id":"43d7ef16-aba4-4c49-92c8-7e623256d872","block_type":"box","text":"7,588,873","page_number":139,"box":{"x":726,"y":418,"width":73,"height":11}},{"id":"33e7af4c-1a13-448c-98ac-3034a3ade2f4","block_type":"box","text":"6.54","page_number":139,"box":{"x":925,"y":418,"width":31,"height":9}},{"id":"6b103c0f-125f-4ca5-81c4-127aeafa7c32","block_type":"box","text":"£5,300,000","page_number":139,"box":{"x":112,"y":434,"width":83,"height":10}},{"id":"493f6093-12a9-43d7-b341-ba2f0342648c","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":139,"box":{"x":230,"y":434,"width":288,"height":11}},{"id":"748d803e-ea6a-4fcb-b296-f092a1690d13","block_type":"box","text":"4,803,125","page_number":139,"box":{"x":726,"y":434,"width":73,"height":10}},{"id":"83f594e7-6c86-4140-93fe-42f927658a89","block_type":"box","text":"4.14","page_number":139,"box":{"x":925,"y":434,"width":31,"height":8}},{"id":"08477ce4-1efe-413b-a79a-7a4baadcd3be","block_type":"box","text":"£7,420,000","page_number":139,"box":{"x":112,"y":449,"width":83,"height":10}},{"id":"dcd0ca50-f7a1-43ee-a07c-662f969fc397","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":139,"box":{"x":230,"y":449,"width":288,"height":11}},{"id":"62a6fcac-3538-461a-922f-f8a2922e3fb0","block_type":"box","text":"7,354,529","page_number":139,"box":{"x":726,"y":449,"width":73,"height":10}},{"id":"f1d05987-3071-4417-b4a4-8691f063ba26","block_type":"box","text":"6.34","page_number":139,"box":{"x":925,"y":449,"width":31,"height":9}},{"id":"0eab2b72-b947-4733-a75f-e69d176fff92","block_type":"box","text":"£6,910,000","page_number":139,"box":{"x":112,"y":464,"width":83,"height":11}},{"id":"d11a2392-0bfe-4df1-b8da-55bbf27ea965","block_type":"box","text":"United Kingdom Gilt 4.75% 07/12/2030","page_number":139,"box":{"x":230,"y":464,"width":288,"height":12}},{"id":"52e465de-2687-4b20-ba70-5cd5fc796c13","block_type":"box","text":"7,066,264","page_number":139,"box":{"x":726,"y":464,"width":73,"height":11}},{"id":"cfcaa599-2f61-426b-afb6-381186cfa4d9","block_type":"box","text":"6.09","page_number":139,"box":{"x":925,"y":464,"width":31,"height":9}},{"id":"b96a70af-5940-46fa-b5f1-e561b6be8c9d","block_type":"box","text":"£8,360,000","page_number":139,"box":{"x":112,"y":480,"width":83,"height":10}},{"id":"52381b4d-d4ca-47d6-bb66-c45ced161252","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":139,"box":{"x":230,"y":480,"width":288,"height":11}},{"id":"52e28455-532a-4997-8813-eca140c49806","block_type":"box","text":"8,735,113","page_number":139,"box":{"x":727,"y":480,"width":72,"height":10}},{"id":"f18b2c41-3cd4-48ae-b96f-c010ed56d71b","block_type":"box","text":"7.53","page_number":139,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"d2b14b38-d4f0-410a-9686-ce01e201ad8a","block_type":"box","text":"52,656,851","page_number":139,"box":{"x":717,"y":498,"width":80,"height":10}},{"id":"73a36dce-c82f-4f14-8b37-8cf2d8d1ed11","block_type":"box","text":"45.39","page_number":139,"box":{"x":915,"y":498,"width":41,"height":8}},{"id":"5d5c82fd-b56e-4786-8584-b8834929b167","block_type":"box","text":"US Corporate Bonds","page_number":139,"box":{"x":43,"y":529,"width":163,"height":11}},{"id":"20bb661e-3140-433a-be66-11c5dd71a9df","block_type":"box","text":"0.58% (31 December 2025 - 0.57%)","page_number":139,"box":{"x":207,"y":529,"width":276,"height":11}},{"id":"041d62c0-3870-485f-b485-0153af4760d7","block_type":"box","text":"USD1,000,000","page_number":139,"box":{"x":87,"y":562,"width":108,"height":10}},{"id":"430b2d35-2a9e-4ecf-bdc4-8ab269f1fa19","block_type":"box","text":"Zurich Finance Ireland Designated Activity 3.00%","page_number":139,"box":{"x":229,"y":547,"width":370,"height":12}},{"id":"903dd6fc-bab8-4145-8233-254f9211d32f","block_type":"box","text":"19/04/2051","page_number":139,"box":{"x":231,"y":562,"width":79,"height":8}},{"id":"12fe64fb-7184-43d8-b50c-49a2ca1192d3","block_type":"box","text":"674,785","page_number":139,"box":{"x":740,"y":562,"width":59,"height":10}},{"id":"a9aa53da-69f2-47e1-8cf1-3ad5ec2f9159","block_type":"box","text":"0.58","page_number":139,"box":{"x":925,"y":562,"width":31,"height":8}},{"id":"cebe8e91-b0fe-4783-9b13-b4bc193223a0","block_type":"box","text":"674,785","page_number":139,"box":{"x":740,"y":580,"width":60,"height":10}},{"id":"c8eb59c2-20e0-4bad-858c-5101182a8dff","block_type":"box","text":"0.58","page_number":139,"box":{"x":925,"y":580,"width":31,"height":8}},{"id":"9efd39d0-e38d-4fea-876d-085c4e2a51e1","block_type":"box","text":"US Government Bonds","page_number":139,"box":{"x":43,"y":611,"width":182,"height":8}},{"id":"73b71d0c-2683-41be-91da-e84f795895c6","block_type":"box","text":"3.01% (31 December 2025 - 3.04%)","page_number":139,"box":{"x":226,"y":611,"width":276,"height":11}},{"id":"d31a67bc-0ef2-47c3-897b-03eefae465e1","block_type":"box","text":"USD4,450,000","page_number":139,"box":{"x":87,"y":629,"width":108,"height":11}},{"id":"9295fbd3-0712-4737-9b90-23ff5611ff2a","block_type":"box","text":"United States Treasury Bonds 5.375% 15/02/2031","page_number":139,"box":{"x":230,"y":629,"width":369,"height":11}},{"id":"1ef791e9-6fa7-4e17-9d73-c102b83b8ae5","block_type":"box","text":"3,496,213","page_number":139,"box":{"x":726,"y":629,"width":73,"height":11}},{"id":"bdb51d72-5271-44a9-bfb0-ec44c2007389","block_type":"box","text":"3.01","page_number":139,"box":{"x":925,"y":629,"width":29,"height":9}},{"id":"d82644aa-1fd9-42a4-a462-273c2bbbe277","block_type":"box","text":"3,496,213","page_number":139,"box":{"x":726,"y":647,"width":73,"height":11}},{"id":"4caa2490-4083-411d-9fa6-70f50a273004","block_type":"box","text":"3.01","page_number":139,"box":{"x":925,"y":647,"width":29,"height":9}},{"id":"3e040c14-3422-4884-8bb7-46158940a393","block_type":"box","text":"Forward Currency Contracts","page_number":139,"box":{"x":43,"y":678,"width":226,"height":11}},{"id":"831492c4-fdbd-4413-b47b-543fca1d6e8a","block_type":"box","text":"-0.01% (31 December 2025 - 0.03%)","page_number":139,"box":{"x":270,"y":678,"width":281,"height":11}},{"id":"7e1de0c7-713b-41a7-8b8a-1fd952b1ba90","block_type":"box","text":"EUR (567,009)","page_number":139,"box":{"x":85,"y":697,"width":110,"height":11}},{"id":"dbf5a13a-dcd8-46ad-b645-ff85c674dc6c","block_type":"box","text":"Sold EUR, Bought GBP 492,096 for settlement on","page_number":139,"box":{"x":230,"y":697,"width":369,"height":11}},{"id":"8b112849-5fb4-4ae1-b959-fe46e719bff9","block_type":"box","text":"17/09/2026","page_number":139,"box":{"x":231,"y":711,"width":81,"height":9}},{"id":"85f9ef75-4590-4589-b63a-3290813b1ad6","block_type":"box","text":"4,993","page_number":139,"box":{"x":758,"y":711,"width":41,"height":11}},{"id":"b36a77a3-486d-4381-982f-20865398ece3","block_type":"box","text":"0.01","page_number":139,"box":{"x":925,"y":711,"width":29,"height":9}},{"id":"b50e2637-b1d8-4351-bcd9-90b9efc5ac84","block_type":"box","text":"USD (5,782,997)","page_number":139,"box":{"x":71,"y":726,"width":124,"height":12}},{"id":"3d429729-4fc7-4120-b788-f9e0ed1b86db","block_type":"box","text":"Sold USD, Bought GBP 4,309,334 for settlement on","page_number":139,"box":{"x":230,"y":726,"width":383,"height":12}},{"id":"204e5e5b-8529-4df6-87e1-f580c4a155f9","block_type":"box","text":"17/09/2026","page_number":139,"box":{"x":231,"y":741,"width":81,"height":9}},{"id":"1908a7dd-b592-41ba-97d3-b9b3f70da73b","block_type":"box","text":"(20,149)","page_number":139,"box":{"x":739,"y":741,"width":61,"height":11}},{"id":"99fdeb86-595d-476d-96eb-7447d1512122","block_type":"box","text":"(0.02)","page_number":139,"box":{"x":914,"y":741,"width":43,"height":11}},{"id":"d7f51661-f8a0-4aa0-8b73-f5ed005efa2a","block_type":"box","text":"(15,156)","page_number":139,"box":{"x":738,"y":759,"width":61,"height":11}},{"id":"158e786f-7241-4441-b80b-d44f399e2799","block_type":"box","text":"(0.01)","page_number":139,"box":{"x":914,"y":759,"width":42,"height":11}},{"id":"a04dd4b7-c8f0-4672-a497-053770db9134","block_type":"box","text":"Total Value of Investments 99.42%","page_number":139,"box":{"x":229,"y":799,"width":271,"height":9}},{"id":"d33b15b3-9829-4708-9c6d-f4f854d4b99f","block_type":"box","text":"(31 December 2025 - 99.73%)","page_number":139,"box":{"x":230,"y":814,"width":228,"height":12}},{"id":"9609e493-273b-4acb-9a3f-b2c777a6b301","block_type":"box","text":"115,333,246","page_number":139,"box":{"x":710,"y":814,"width":89,"height":11}},{"id":"e5eb3c4d-fef3-4eda-a066-0580321c1ada","block_type":"box","text":"99.42","page_number":139,"box":{"x":916,"y":814,"width":40,"height":9}},{"id":"92ef145d-3b10-428b-980c-a578fcabda84","block_type":"box","text":"Net Other Assets","page_number":139,"box":{"x":230,"y":830,"width":134,"height":9}},{"id":"6f5e12dc-7d48-44f4-b0e4-0d9811481cf5","block_type":"box","text":"673,079","page_number":139,"box":{"x":740,"y":830,"width":59,"height":10}},{"id":"f043cf15-1dd8-4033-82e8-24710155b7a7","block_type":"box","text":"0.58","page_number":139,"box":{"x":925,"y":830,"width":31,"height":9}},{"id":"d0a620fd-f8e1-4e75-b8d5-60a4c1ad319c","block_type":"box","text":"Net assets","page_number":139,"box":{"x":230,"y":848,"width":82,"height":8}},{"id":"be47c0dc-00c0-4066-b04e-a0854359ab5d","block_type":"box","text":"116,006,325","page_number":139,"box":{"x":709,"y":848,"width":91,"height":10}},{"id":"54398f35-83b7-404c-ac83-28c3041989b9","block_type":"box","text":"100.00","page_number":139,"box":{"x":907,"y":848,"width":49,"height":8}},{"id":"cb9d9e6d-abb8-41ba-85c4-f2454f2f2f49","block_type":"box","text":"All holdings are bonds and are listed on an official stock exchange unless otherwise stated.","page_number":139,"box":{"x":42,"y":885,"width":674,"height":11}},{"id":"92dac832-3889-420d-b4f0-5f5f91962968","block_type":"box","text":"139","page_number":140,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"08f14bf4-860b-4d75-bb81-c941e4db9d00","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":140,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"d7aabce9-3aed-4194-8d8c-62394dd293fd","block_type":"box","text":"Portfolio Statement (continued)","page_number":140,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"fb3551db-8cc0-4d07-b3e2-bef31288d806","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":140,"box":{"x":42,"y":124,"width":416,"height":9}},{"id":"8228f79f-7416-4e67-9a1c-4f54eea2a520","block_type":"box","text":"Bonds","page_number":140,"box":{"x":230,"y":139,"width":46,"height":9}},{"id":"437ffcc7-fb5b-445e-a467-a408eba07da1","block_type":"box","text":"115,348,402","page_number":140,"box":{"x":710,"y":139,"width":89,"height":11}},{"id":"220132ff-0c02-4833-a126-44ddbf9b9eca","block_type":"box","text":"99.43","page_number":140,"box":{"x":916,"y":139,"width":40,"height":9}},{"id":"de52aeb4-e580-49d8-a7c6-3ab609e29316","block_type":"box","text":"Forward Currency Contracts","page_number":140,"box":{"x":230,"y":155,"width":209,"height":11}},{"id":"27e749d7-a492-4556-99a2-681ac7612ebf","block_type":"box","text":"(15,156)","page_number":140,"box":{"x":739,"y":155,"width":61,"height":11}},{"id":"a6fa4d46-f734-4458-aab7-8ff2973478db","block_type":"box","text":"(0.01)","page_number":140,"box":{"x":914,"y":155,"width":43,"height":11}},{"id":"adcb10b2-5b3a-48fd-aae3-aeeadd7eb4e3","block_type":"box","text":"Net Other Assets","page_number":140,"box":{"x":230,"y":170,"width":125,"height":9}},{"id":"17b8953d-c083-4d3d-a9d5-cca9944efead","block_type":"box","text":"673,079","page_number":140,"box":{"x":740,"y":170,"width":59,"height":10}},{"id":"d1307960-89aa-4f38-9279-47b1907372ca","block_type":"box","text":"0.58","page_number":140,"box":{"x":925,"y":170,"width":31,"height":9}},{"id":"cd06f7dc-d5c9-458b-9a8d-a7dd6d2260fb","block_type":"box","text":"116,006,325","page_number":140,"box":{"x":709,"y":188,"width":91,"height":10}},{"id":"46abc85c-1f7c-459b-a29a-d85df8e12f0b","block_type":"box","text":"100.00","page_number":140,"box":{"x":907,"y":188,"width":49,"height":9}},{"id":"ed262f4c-06ac-4d09-a67c-9c680c534a5e","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":140,"box":{"x":43,"y":220,"width":677,"height":12}},{"id":"92cca84f-b074-449b-9ee9-8bb308ec89e2","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":140,"box":{"x":230,"y":236,"width":405,"height":11}},{"id":"3e25a8f9-8bd5-4472-96a7-0f191794201b","block_type":"box","text":"93.79","page_number":140,"box":{"x":916,"y":236,"width":40,"height":9}},{"id":"ae8a10e1-08db-4bd1-8891-798ae32f9e6c","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":140,"box":{"x":230,"y":251,"width":403,"height":11}},{"id":"9dbbed34-c7dc-47b5-a0b6-39ddb003388d","block_type":"box","text":"(sub BBB- or unrated)","page_number":140,"box":{"x":230,"y":265,"width":162,"height":12}},{"id":"24828118-348b-4b03-bd6f-f6611e56ce86","block_type":"box","text":"6.21","page_number":140,"box":{"x":925,"y":266,"width":29,"height":8}},{"id":"c1c7fddb-44c9-4c76-8773-8bc438eab6d4","block_type":"box","text":"100.00","page_number":140,"box":{"x":907,"y":284,"width":49,"height":8}},{"id":"f77c8780-3a72-4226-8513-708cf911a444","block_type":"box","text":"140","page_number":141,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"e81ed4aa-b715-499a-9721-d68af4841452","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":141,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"506fc42a-0ae9-404e-b379-841e48fdc5e0","block_type":"box","text":"Statement of Total Return","page_number":141,"box":{"x":43,"y":79,"width":249,"height":11}},{"id":"867b9598-bb9e-4ace-8ba5-860276dfcc73","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":141,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"0d997d74-9136-47e6-91d1-b86ec0678956","block_type":"box","text":"03.07.2026","page_number":141,"box":{"x":639,"y":127,"width":66,"height":7}},{"id":"5d68fef4-90ce-463d-8e78-5c0f1f40d1ee","block_type":"box","text":"1","page_number":141,"box":{"x":706,"y":126,"width":3,"height":4}},{"id":"2ca30d26-4f83-4005-94fd-484a396bec74","block_type":"box","text":"30.06.2025","page_number":141,"box":{"x":890,"y":127,"width":67,"height":7}},{"id":"94e2722e-9e59-4151-8177-c97e3e3e3670","block_type":"box","text":"£","page_number":141,"box":{"x":579,"y":142,"width":7,"height":7}},{"id":"0cb4fffe-c337-4af3-b96a-fe090ea96ce0","block_type":"box","text":"£","page_number":141,"box":{"x":702,"y":142,"width":8,"height":7}},{"id":"1b9b2c91-4204-4790-ab03-bccc3b434753","block_type":"box","text":"£","page_number":141,"box":{"x":826,"y":142,"width":7,"height":7}},{"id":"b52a2315-69fe-4e48-a0bc-dd144ab92e7f","block_type":"box","text":"£","page_number":141,"box":{"x":950,"y":142,"width":7,"height":7}},{"id":"6db0922f-95dd-4803-9186-dbb508cb5ddb","block_type":"box","text":"Income","page_number":141,"box":{"x":43,"y":179,"width":53,"height":9}},{"id":"b9668033-c151-407c-83df-029dffd40685","block_type":"box","text":"Net capital (losses)/gains","page_number":141,"box":{"x":55,"y":195,"width":186,"height":11}},{"id":"a553bc5d-2f94-403c-a82c-e6a1af9d94ed","block_type":"box","text":"(2,003,262)","page_number":141,"box":{"x":625,"y":195,"width":84,"height":11}},{"id":"d409d3de-12de-49e5-bc6f-cb3838ee3183","block_type":"box","text":"1,354,249","page_number":141,"box":{"x":884,"y":195,"width":72,"height":10}},{"id":"f8344a0d-d9f6-4e4e-b475-6b0bef28377e","block_type":"box","text":"Revenue","page_number":141,"box":{"x":55,"y":211,"width":65,"height":9}},{"id":"0746e4d3-c9f9-4ffa-989a-d583902ff52c","block_type":"box","text":"2,841,860","page_number":141,"box":{"x":512,"y":211,"width":73,"height":10}},{"id":"1bd47260-c5d7-43b0-af08-83fd26e05f5e","block_type":"box","text":"3,258,021","page_number":141,"box":{"x":759,"y":211,"width":71,"height":10}},{"id":"21940386-c207-4ae4-8915-f35c4b20d883","block_type":"box","text":"Expenses","page_number":141,"box":{"x":43,"y":227,"width":72,"height":11}},{"id":"11be573f-3917-4927-8f61-8cf96233b8dc","block_type":"box","text":"(236,520)","page_number":141,"box":{"x":515,"y":227,"width":70,"height":11}},{"id":"e9c23d02-5bc8-457a-bc9e-fe557e4eae7a","block_type":"box","text":"(343,563)","page_number":141,"box":{"x":763,"y":227,"width":70,"height":11}},{"id":"f8e9efea-6de9-477d-af0c-c0b5c6139649","block_type":"box","text":"Interest payable and similar expenses","page_number":141,"box":{"x":43,"y":243,"width":280,"height":11}},{"id":"142783d8-0052-4d48-876e-9665b92de756","block_type":"box","text":"(10)","page_number":141,"box":{"x":557,"y":243,"width":28,"height":11}},{"id":"25b82a02-20a7-41f7-a9c6-9f7e8f0c05ec","block_type":"box","text":"–","page_number":141,"box":{"x":824,"y":248,"width":9,"height":1}},{"id":"fedc0445-1ba9-40dc-acb4-6b59db30fddf","block_type":"box","text":"Net revenue before taxation","page_number":141,"box":{"x":43,"y":263,"width":205,"height":9}},{"id":"774046fc-3776-4dc0-96e5-12ab30b98ef5","block_type":"box","text":"2,605,330","page_number":141,"box":{"x":512,"y":263,"width":73,"height":11}},{"id":"e09bbd21-77ed-4ba3-8223-a2483ebf057e","block_type":"box","text":"2,914,458","page_number":141,"box":{"x":759,"y":263,"width":74,"height":11}},{"id":"36639eff-d26f-4735-bd78-f8d6ec1a2360","block_type":"box","text":"Taxation","page_number":141,"box":{"x":42,"y":280,"width":61,"height":8}},{"id":"56542805-8d85-4192-a5d3-f30a1ce6451d","block_type":"box","text":"–","page_number":141,"box":{"x":577,"y":285,"width":9,"height":1}},{"id":"5cd41a77-74c1-4356-aa0e-68435f646392","block_type":"box","text":"–","page_number":141,"box":{"x":824,"y":285,"width":9,"height":1}},{"id":"e086ef48-5774-4f4b-9727-fe406a5d5023","block_type":"box","text":"Net revenue after taxation for the period","page_number":141,"box":{"x":43,"y":296,"width":317,"height":11}},{"id":"e4075fe9-c423-4b1d-92de-f39631ea4d37","block_type":"box","text":"2,605,330","page_number":141,"box":{"x":636,"y":296,"width":73,"height":10}},{"id":"92c7fe45-097e-407a-a60e-0649513bef3a","block_type":"box","text":"2,914,458","page_number":141,"box":{"x":883,"y":296,"width":73,"height":10}},{"id":"f915004e-3ea7-4a07-b43e-4ef7c754083a","block_type":"box","text":"Total returns before distributions","page_number":141,"box":{"x":42,"y":316,"width":263,"height":9}},{"id":"492295e9-a845-4a4c-a69f-21d8c55d2e48","block_type":"box","text":"602,068","page_number":141,"box":{"x":650,"y":316,"width":59,"height":10}},{"id":"0dee18b3-5e1c-47f5-a09b-027c720d6c0b","block_type":"box","text":"4,268,707","page_number":141,"box":{"x":883,"y":316,"width":73,"height":10}},{"id":"3096a3f7-6b1b-46c0-a08c-37cff5dcd38a","block_type":"box","text":"Distributions","page_number":141,"box":{"x":43,"y":332,"width":91,"height":9}},{"id":"b30bdfc2-0e78-454f-884a-b5b43eb6f532","block_type":"box","text":"(2,879,724)","page_number":141,"box":{"x":625,"y":332,"width":84,"height":11}},{"id":"ac795a79-362d-4abf-afe8-6cc7751fa987","block_type":"box","text":"(3,206,112)","page_number":141,"box":{"x":874,"y":332,"width":83,"height":11}},{"id":"1a0ca0ff-01f9-4636-bc69-9c801d3d7632","block_type":"box","text":"Change in net assets attributable to","page_number":141,"box":{"x":43,"y":367,"width":288,"height":11}},{"id":"f9291abc-b1a4-4797-bce3-42de65656333","block_type":"box","text":"shareholders from investment activities","page_number":141,"box":{"x":54,"y":381,"width":316,"height":9}},{"id":"bc00b86c-d397-4d33-8c4f-3a4048b3fc16","block_type":"box","text":"(2,277,656)","page_number":141,"box":{"x":625,"y":379,"width":84,"height":12}},{"id":"491c6c7f-a12a-4ffb-9c06-723afb68732b","block_type":"box","text":"1,062,595","page_number":141,"box":{"x":884,"y":379,"width":72,"height":11}},{"id":"9657b906-b8e1-4534-8acb-0de1f9d28fa1","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":141,"box":{"x":43,"y":413,"width":627,"height":13}},{"id":"4893653e-b778-4ea7-afce-7fa1cf9ec634","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":141,"box":{"x":43,"y":429,"width":334,"height":11}},{"id":"3bd0afdc-7ccb-41e4-9f03-f759da950827","block_type":"box","text":"03.07.2026","page_number":141,"box":{"x":636,"y":459,"width":66,"height":7}},{"id":"a9f8cb81-97e2-425a-8b06-072e95ddd324","block_type":"box","text":"1","page_number":141,"box":{"x":703,"y":459,"width":2,"height":4}},{"id":"7fdd8aa7-b5cc-4d81-81bb-3b4ceb3351eb","block_type":"box","text":"30.06.2025","page_number":141,"box":{"x":888,"y":459,"width":66,"height":7}},{"id":"2ba7b201-665c-4a0c-af97-961e9f4dc847","block_type":"box","text":"£","page_number":141,"box":{"x":578,"y":474,"width":8,"height":7}},{"id":"2149c4d9-07d7-4478-b7e9-8621d947666b","block_type":"box","text":"£","page_number":141,"box":{"x":699,"y":474,"width":7,"height":7}},{"id":"5d9a7996-5ffd-4759-bb6c-e9c56fb885c2","block_type":"box","text":"£","page_number":141,"box":{"x":826,"y":474,"width":7,"height":7}},{"id":"1dae21ae-f7d7-4dc0-99d4-347101d016cb","block_type":"box","text":"£","page_number":141,"box":{"x":947,"y":474,"width":7,"height":7}},{"id":"3c12f620-4950-49b0-b7ba-b708f14d4ecb","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":141,"box":{"x":43,"y":511,"width":380,"height":11}},{"id":"01cc7615-c5c0-4866-8916-72908967635c","block_type":"box","text":"2","page_number":141,"box":{"x":424,"y":511,"width":4,"height":5}},{"id":"1056d980-5688-4d05-9d5b-232105eabfe2","block_type":"box","text":"117,246,120","page_number":141,"box":{"x":619,"y":511,"width":90,"height":10}},{"id":"eedd1102-4fbc-42cd-b14f-55be50c3bcf5","block_type":"box","text":"137,886,115","page_number":141,"box":{"x":867,"y":511,"width":90,"height":10}},{"id":"244ffa7d-a1f9-4078-a1f5-1fbe62c3ffc2","block_type":"box","text":"Issue of shares","page_number":141,"box":{"x":43,"y":527,"width":112,"height":9}},{"id":"24a73173-2b91-41c1-85dd-49f2e33a876a","block_type":"box","text":"23,856,420","page_number":141,"box":{"x":499,"y":527,"width":83,"height":10}},{"id":"768e0208-1d82-45aa-ab5d-d4bf475b773c","block_type":"box","text":"22,556,694","page_number":141,"box":{"x":746,"y":527,"width":83,"height":10}},{"id":"c549cd51-dab8-453b-8268-8a773daecf52","block_type":"box","text":"Cancellation of shares","page_number":141,"box":{"x":43,"y":543,"width":164,"height":9}},{"id":"90a13899-3167-46ae-a774-189d42ff0890","block_type":"box","text":"(22,940,278)","page_number":141,"box":{"x":494,"y":543,"width":91,"height":11}},{"id":"227fed03-1132-47b8-aacf-e733f26c2985","block_type":"box","text":"(18,342,903)","page_number":141,"box":{"x":741,"y":543,"width":92,"height":11}},{"id":"39aefb0b-2ad3-4388-a548-e2bf35ef3bd2","block_type":"box","text":"916,142","page_number":141,"box":{"x":650,"y":559,"width":59,"height":11}},{"id":"837a5f0e-e217-4e7d-8b26-c7d8bc8fef4b","block_type":"box","text":"4,213,791","page_number":141,"box":{"x":883,"y":559,"width":71,"height":11}},{"id":"492842b8-c473-4855-ae44-098135674a9f","block_type":"box","text":"Single swing price adjustment","page_number":141,"box":{"x":43,"y":575,"width":221,"height":11}},{"id":"ae178f54-879e-4912-998b-43b165e1fef9","block_type":"box","text":"19,296","page_number":141,"box":{"x":660,"y":575,"width":49,"height":11}},{"id":"786f767a-9c3f-43cf-8318-9475398d6e84","block_type":"box","text":"16,789","page_number":141,"box":{"x":908,"y":575,"width":48,"height":11}},{"id":"e8568604-481d-4d6d-abf1-02db5f639423","block_type":"box","text":"Change in net assets attributable to","page_number":141,"box":{"x":43,"y":590,"width":268,"height":11}},{"id":"c3203238-a79a-478b-ba4c-acba9a3782a7","block_type":"box","text":"shareholders from investment activities (see above)","page_number":141,"box":{"x":54,"y":606,"width":383,"height":11}},{"id":"22373c44-d984-4fb7-8bbe-22c039dbe780","block_type":"box","text":"(2,277,656)","page_number":141,"box":{"x":625,"y":606,"width":84,"height":11}},{"id":"e1dd9ce5-a669-4dd1-b845-21da1921f90c","block_type":"box","text":"1,062,595","page_number":141,"box":{"x":884,"y":606,"width":72,"height":10}},{"id":"37c47e8a-4a23-4c52-bc4c-ed1a5ea06b2b","block_type":"box","text":"Retained distribution on accumulation shares","page_number":141,"box":{"x":43,"y":622,"width":333,"height":9}},{"id":"ec858b56-2fb3-4c8b-b60e-a19086bc4161","block_type":"box","text":"102,423","page_number":141,"box":{"x":651,"y":622,"width":58,"height":10}},{"id":"a46cc4d4-5941-4287-ac58-7c172d34360a","block_type":"box","text":"122,681","page_number":141,"box":{"x":898,"y":622,"width":56,"height":10}},{"id":"967c4529-9244-4e06-a081-b0fd94a61d31","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":141,"box":{"x":43,"y":639,"width":373,"height":11}},{"id":"49414fd1-4e83-420f-b635-6205d7aeaca7","block_type":"box","text":"116,006,325","page_number":141,"box":{"x":619,"y":637,"width":90,"height":10}},{"id":"6f69adc6-f4a5-4413-a564-c104792574e9","block_type":"box","text":"143,301,971","page_number":141,"box":{"x":866,"y":637,"width":88,"height":10}},{"id":"51f5a073-bca4-43f5-a09b-a14f90e7d9b0","block_type":"box","text":"1","page_number":141,"box":{"x":43,"y":678,"width":2,"height":5}},{"id":"79f7087f-e5a6-4081-975b-73901935a700","block_type":"box","text":"The sub-fund’s accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":141,"box":{"x":48,"y":680,"width":874,"height":9}},{"id":"55b9310c-a528-4d03-87b3-38adef879c91","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":141,"box":{"x":42,"y":691,"width":904,"height":9}},{"id":"7813d62a-89c0-4f84-b5b8-5134dc1a0954","block_type":"box","text":"shareholders.","page_number":141,"box":{"x":42,"y":703,"width":80,"height":7}},{"id":"c5ca346a-ffe6-4681-ac30-7c2d0c8eb539","block_type":"box","text":"2","page_number":141,"box":{"x":42,"y":715,"width":5,"height":5}},{"id":"5fff3e6c-4489-4fd0-9073-c11c513bca7d","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to th","page_number":141,"box":{"x":48,"y":717,"width":427,"height":9}},{"id":"90b20057-4f5f-43c7-a3f9-8084aa800c09","block_type":"box","text":"e closing comparative position by the change in shareholders’ net assets for the","page_number":141,"box":{"x":477,"y":717,"width":472,"height":9}},{"id":"3f3c50f4-d4ed-4da7-bedb-bc1a167a5f38","block_type":"box","text":"second half of the comparative financial year.","page_number":141,"box":{"x":42,"y":729,"width":268,"height":9}},{"id":"97e3cb50-a3ca-49f1-bf4b-2b11699a0e7b","block_type":"box","text":"141","page_number":142,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"3a715a84-50e5-440e-b5a8-a99f7d622ba2","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":142,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"8a3e56b5-b792-4da6-b6bc-85bdad75e995","block_type":"box","text":"Balance Sheet","page_number":142,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"e110b628-35b5-4808-83d6-a4c2b24d5997","block_type":"box","text":"As at","page_number":142,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"1a4169a6-44ff-481a-aa87-34539ebe6f8d","block_type":"box","text":"3 July 2026 (unaudited)","page_number":142,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"3444ca0d-2254-4320-bb9c-2e4bddf6a9ac","block_type":"box","text":"03.07.2026","page_number":142,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"f5473624-8530-465c-990b-c67916a81778","block_type":"box","text":"1","page_number":142,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"597cc1a3-ec77-4ef8-8578-dadb7a2b9c4c","block_type":"box","text":"31.12.2025","page_number":142,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"8c4d0967-96d3-478b-9e55-7d2b1a4af68b","block_type":"box","text":"£","page_number":142,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"87d79ad2-b3c9-4d41-a9b7-edce56ba8980","block_type":"box","text":"£","page_number":142,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"037c6a87-559e-4934-818a-ba653615f2f1","block_type":"box","text":"Assets","page_number":142,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"d110850b-1dcb-4563-803f-e93c7ded2e18","block_type":"box","text":"Investments","page_number":142,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"4a7a69ee-a8d1-4151-8d43-d2290f2555bd","block_type":"box","text":"115,353,395","page_number":142,"box":{"x":629,"y":183,"width":89,"height":10}},{"id":"b387f9c0-8953-46b4-9c10-010fee0534a8","block_type":"box","text":"116,932,658","page_number":142,"box":{"x":867,"y":183,"width":89,"height":10}},{"id":"3e0478fd-ed38-4543-94c3-45f3bbb2ef5b","block_type":"box","text":"Amounts receivable","page_number":142,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"58c703a7-cd74-401d-a17f-f646362a6aec","block_type":"box","text":"3,056,032","page_number":142,"box":{"x":645,"y":199,"width":73,"height":10}},{"id":"da72b097-93b2-4dd2-bba3-532968bc52e9","block_type":"box","text":"1,479,983","page_number":142,"box":{"x":884,"y":199,"width":72,"height":10}},{"id":"90408338-1e2d-4d01-a3bb-af42f467d9db","block_type":"box","text":"Cash and cash equivalents","page_number":142,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"fe20b314-ff43-4d52-a991-f2f7bbb12f40","block_type":"box","text":"459,258","page_number":142,"box":{"x":659,"y":215,"width":59,"height":10}},{"id":"4e8812db-a9d7-482f-96af-f53dfd2adfdc","block_type":"box","text":"202,184","page_number":142,"box":{"x":897,"y":215,"width":59,"height":10}},{"id":"04181dd2-bba3-4b97-bf9c-beb43e93bdb8","block_type":"box","text":"Total assets","page_number":142,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"c91580b4-7e2b-4feb-a3ee-176d26262a86","block_type":"box","text":"118,868,685","page_number":142,"box":{"x":629,"y":232,"width":89,"height":10}},{"id":"e7d0e758-794f-497d-954f-5e38e7ff6271","block_type":"box","text":"118,614,825","page_number":142,"box":{"x":867,"y":232,"width":89,"height":10}},{"id":"40924d09-c752-4eca-bb91-ee84ee02971e","block_type":"box","text":"Liabilities","page_number":142,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"81c10002-3053-4a69-9938-d200fc3556d7","block_type":"box","text":"Investments","page_number":142,"box":{"x":55,"y":270,"width":89,"height":9}},{"id":"301251ad-c82b-4268-8f2d-a42969ae6abe","block_type":"box","text":"(20,149)","page_number":142,"box":{"x":658,"y":270,"width":61,"height":11}},{"id":"77b47d14-54bc-475f-b87e-34d83178ee36","block_type":"box","text":"–","page_number":142,"box":{"x":948,"y":275,"width":9,"height":1}},{"id":"0acb4569-df8f-4de6-987f-a48380818f21","block_type":"box","text":"Bank overdrafts","page_number":142,"box":{"x":55,"y":286,"width":116,"height":9}},{"id":"9ded0b89-b97a-48a5-8b97-f2e1b3b095f2","block_type":"box","text":"(115,881)","page_number":142,"box":{"x":649,"y":286,"width":70,"height":11}},{"id":"e56962af-2a5b-42de-b472-ee2be1b152ad","block_type":"box","text":"–","page_number":142,"box":{"x":948,"y":291,"width":9,"height":1}},{"id":"ae1712cc-f731-4187-b33b-ffa031a74411","block_type":"box","text":"Distribution payable","page_number":142,"box":{"x":55,"y":302,"width":145,"height":11}},{"id":"311dba0c-42d1-4834-80a5-29545b2d7cb2","block_type":"box","text":"(1,448,456)","page_number":142,"box":{"x":634,"y":302,"width":85,"height":11}},{"id":"77c508c3-de66-4003-bc7b-62a0a4b50d6c","block_type":"box","text":"(1,325,318)","page_number":142,"box":{"x":872,"y":302,"width":85,"height":11}},{"id":"4200f3fb-8758-4388-8cdb-d45aeec2332c","block_type":"box","text":"Other amounts payable","page_number":142,"box":{"x":54,"y":318,"width":174,"height":11}},{"id":"225474c5-599f-4e33-aabd-d7470e809baf","block_type":"box","text":"(1,277,874)","page_number":142,"box":{"x":634,"y":318,"width":85,"height":11}},{"id":"e3c0fb11-0b00-42a1-a0c3-c0f6b9795663","block_type":"box","text":"(43,387)","page_number":142,"box":{"x":896,"y":318,"width":61,"height":11}},{"id":"eb880aa4-b0af-4113-ab43-fab3c27fafe3","block_type":"box","text":"Total liabilities","page_number":142,"box":{"x":42,"y":335,"width":103,"height":9}},{"id":"f08c6b60-db6f-4d61-bd52-ad0191ffac08","block_type":"box","text":"(2,862,360)","page_number":142,"box":{"x":634,"y":335,"width":85,"height":11}},{"id":"2429280b-7c9c-4ad9-a753-f2925e6575cd","block_type":"box","text":"(1,368,705)","page_number":142,"box":{"x":872,"y":335,"width":85,"height":11}},{"id":"745d10ca-59ed-4d80-a414-3386f7569f8e","block_type":"box","text":"Net assets attributable to shareholders","page_number":142,"box":{"x":43,"y":352,"width":309,"height":9}},{"id":"9e23bcf7-f1de-48e0-bdd0-ad8a1185c5b6","block_type":"box","text":"116,006,325","page_number":142,"box":{"x":629,"y":351,"width":89,"height":10}},{"id":"1cdd1064-ec05-47bf-be06-67519f54b2fe","block_type":"box","text":"117,246,120","page_number":142,"box":{"x":867,"y":351,"width":89,"height":10}},{"id":"3191e177-2e68-48e1-bfa7-20dec6443c97","block_type":"box","text":"1","page_number":142,"box":{"x":43,"y":384,"width":2,"height":4}},{"id":"0ac69345-84d3-4cbb-ba90-212d235976e9","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":142,"box":{"x":46,"y":384,"width":910,"height":9}},{"id":"59be02e0-e1b3-4203-8ee8-7599bd5d5bc9","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":142,"box":{"x":42,"y":395,"width":915,"height":9}},{"id":"5f7355dd-1157-4335-a649-0e2924affabe","block_type":"box","text":"shareholders.","page_number":142,"box":{"x":42,"y":407,"width":80,"height":7}},{"id":"fc9ca5f6-184c-4fbb-914b-6056461fd657","block_type":"box","text":"All items in the balance sheet above are current.","page_number":142,"box":{"x":42,"y":432,"width":358,"height":9}},{"id":"78ce0d64-e498-428f-85ea-995f2d8b955f","block_type":"box","text":"142","page_number":143,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"962db5e4-a4c8-4add-a30f-876ad8a2d6ed","block_type":"box","text":"143","page_number":143,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"f1527e7a-05e9-46bd-affd-0e79cdca922f","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":143,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"ae201326-dc91-4201-96a2-81edb7a41111","block_type":"box","text":"Notes to the Financial Statements","page_number":143,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"fc14b650-5b16-47d7-ac0b-d7bb5f80c7e3","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":143,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"2b54921e-06ea-49e1-9e83-002c1615604c","block_type":"box","text":"1. Accounting Policies","page_number":143,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"86415538-258f-4e70-a998-98ff2b1309e3","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":143,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"3cb52651-4482-4936-98de-3d8a949496e2","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":143,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"34a8ed12-ce6b-4c38-bd94-8152fdbae402","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":143,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"92ea5d97-eb36-4bd0-96ab-c32a9bb394b9","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":143,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"a1b86f62-a1ac-45ad-8c9b-6f87129fffa7","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":143,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"863df0dc-5ecc-429b-9841-ad807c3acc5a","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":143,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"4f5d0c6b-f461-4dbf-b72b-67da0eed7f58","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":143,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"8e7a5e2e-2d0e-4e99-b874-da6b19ba0b9b","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":143,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"64109b9d-c3cc-4e70-a1d5-274a0f1b28ca","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":143,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"ab4ad482-89a7-4adb-bd08-428ee7f4ad11","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":143,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"4ee98fb6-11d4-4ce0-8a65-5f9a329696f7","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":143,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"08350118-8683-4f35-9005-7255e415d4fb","block_type":"box","text":"the current period.","page_number":143,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"a9a829b7-4430-43db-a48a-0d199c9c521b","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":143,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"58f6b2ca-56ca-4d2d-af59-76b035f858bb","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":143,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"140d2d5c-ef41-41b3-85a4-d08568777b1b","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":143,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"9ca84c99-1a1c-4f4b-bd4b-aafa63b5113f","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":143,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"7d82a1bf-4c0e-482c-b768-ca877a95fe8c","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":143,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"31600abe-0acc-4cda-8e5a-b5af8aecf9b8","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":143,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"1e355de8-533d-41ce-8081-abaadd66edc2","block_type":"box","text":"2. Related Parties","page_number":143,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"dce5f42c-7370-4065-85ba-35c6929c4ef9","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":143,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"4fee6802-bab9-4667-afa2-09a555a0fe12","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":143,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"c2dae9e3-3dee-4264-b7c3-65e053fdf87c","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":143,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"930168c3-fb69-411b-9a82-ea679d292336","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on page 140.","page_number":143,"box":{"x":43,"y":513,"width":573,"height":11}},{"id":"07d1c463-78a1-4fad-a786-1322be8c1b23","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £26,517","page_number":143,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"836e8756-30b8-493f-95fa-44f1578b807c","block_type":"box","text":"(31 December 2025: £24,873).","page_number":143,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"b778a087-bd36-4810-bebd-69e8e35136b3","block_type":"box","text":"At the period end, Sarasin Responsible Strategic Bond held no shares in any other sub-fund or collective investment schemes","page_number":143,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"3dc6ceee-159f-4118-ab95-1a6d7a9e88ed","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":143,"box":{"x":43,"y":587,"width":693,"height":11}},{"id":"109284fa-f1ce-486f-a40d-5b8182b938ee","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited and Clearstream Banking owned 34.11% and 59.31% of the sub-fund","page_number":143,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"ecfd390c-237f-42f7-8d97-ce46aa591afa","block_type":"box","text":"respectively on behalf of multiple beneficiaries (31 December 2025: 43.16% and 51.93%).","page_number":143,"box":{"x":43,"y":623,"width":664,"height":12}},{"id":"96eae31f-bb19-4f8d-8e63-31f7970c5b72","block_type":"box","text":"143","page_number":144,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"c1e30561-fde8-4163-b2b1-bb6420c8b61e","block_type":"box","text":"SARASIN Responsible Strategic Bond","page_number":144,"box":{"x":43,"y":34,"width":365,"height":13}},{"id":"af2f635f-92bd-4e36-8a6b-4d88c6e56727","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":144,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"46fe1637-e2ef-4e33-b676-ad944ad2a942","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":144,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"d144ef0e-2abc-4c97-97ff-5c06fc8fa0d7","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":144,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"2a77c95a-fcb6-4d89-8786-ab5aef8cc887","block_type":"box","text":"their fair value.","page_number":144,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"246d68d6-11d9-481d-88e2-12c26bc1fe3f","block_type":"box","text":"Valuation technique as at","page_number":144,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"a8b100a6-855b-4e8e-ba9b-1cfab9a7ac7f","block_type":"box","text":"3 July 2026","page_number":144,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"bccee325-dae8-4fe8-9904-d62e66466e63","block_type":"box","text":"1","page_number":144,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"31d13ce6-3543-4dac-a993-a92b6dfc28bb","block_type":"box","text":"Financial Assets","page_number":144,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"49a9e2c8-cf94-4642-9efe-45c614d226b3","block_type":"box","text":"Level 1","page_number":144,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"70315bd0-3a4e-4e84-bae9-ad4e3072588f","block_type":"box","text":"£","page_number":144,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"d894c69b-307f-42fe-b95e-5c1ab6b99fd8","block_type":"box","text":"Level 2","page_number":144,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"191ad735-346c-444d-a3f3-a997cadd817f","block_type":"box","text":"£","page_number":144,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"12de12cc-884f-4fd1-b856-1a17b9bb4c17","block_type":"box","text":"Level 3","page_number":144,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"d498ff09-c6aa-4689-86bf-c3add56e1fec","block_type":"box","text":"£","page_number":144,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"b25f44bb-8ca7-4bec-89f4-2f0fe86c2df2","block_type":"box","text":"Total","page_number":144,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"108cf50d-4751-49d2-8a89-b70fa2bb2561","block_type":"box","text":"£","page_number":144,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"a6545cca-64b3-4a18-a4b1-fd1271c0e74a","block_type":"box","text":"Debt Securities","page_number":144,"box":{"x":45,"y":213,"width":112,"height":9}},{"id":"35ac4a1c-6617-457d-9fb8-1da87ab52b08","block_type":"box","text":"56,640,308","page_number":144,"box":{"x":524,"y":214,"width":83,"height":10}},{"id":"0b838167-8e0b-4cb4-abde-41e443dc57c0","block_type":"box","text":"58,708,094","page_number":144,"box":{"x":641,"y":214,"width":82,"height":10}},{"id":"78b47622-1968-45a2-8eb1-d6e58b556445","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"9433a5da-9fe0-4c3f-9a9c-c8f63a42f869","block_type":"box","text":"115,348,402","page_number":144,"box":{"x":867,"y":214,"width":89,"height":10}},{"id":"ded14edd-2415-45c9-b920-fc9e234a5dc7","block_type":"box","text":"Forward Currency Contracts","page_number":144,"box":{"x":46,"y":229,"width":208,"height":11}},{"id":"27a1c7a4-99f8-4584-9ea5-16d919374b94","block_type":"box","text":"–","page_number":144,"box":{"x":598,"y":234,"width":9,"height":1}},{"id":"b78f5b39-afa9-4797-b388-f49cdfaff8e3","block_type":"box","text":"4,993","page_number":144,"box":{"x":682,"y":229,"width":41,"height":10}},{"id":"3093531f-07e8-47a4-b7ef-a25f82e9f6ac","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":234,"width":10,"height":1}},{"id":"1bdbabfe-8635-4b17-b538-90ea2b9e5fe7","block_type":"box","text":"4,993","page_number":144,"box":{"x":915,"y":229,"width":41,"height":10}},{"id":"f5e97287-e9c6-42f4-b1ad-b7d32a5a247f","block_type":"box","text":"56,640,308","page_number":144,"box":{"x":524,"y":245,"width":83,"height":10}},{"id":"690ed30f-5444-4745-a467-58c17caea181","block_type":"box","text":"58,713,087","page_number":144,"box":{"x":641,"y":245,"width":82,"height":10}},{"id":"efda5af8-99ee-4351-8e6b-d81cd899e0a1","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":250,"width":10,"height":1}},{"id":"36355b4c-3f9c-46fd-adca-f43ff6d35d4b","block_type":"box","text":"115,353,395","page_number":144,"box":{"x":867,"y":245,"width":89,"height":10}},{"id":"9b049845-e638-47a5-9137-577dad70dacc","block_type":"box","text":"Financial Liabilities","page_number":144,"box":{"x":45,"y":277,"width":122,"height":7}},{"id":"0a673548-111b-4e9c-9a3f-ac46ee8046db","block_type":"box","text":"Forward Currency Contracts","page_number":144,"box":{"x":46,"y":295,"width":208,"height":12}},{"id":"d88b5529-0e49-497e-89f2-66e853e9f7e8","block_type":"box","text":"–","page_number":144,"box":{"x":598,"y":300,"width":9,"height":1}},{"id":"22fb8efd-2a93-4115-ac9a-56b7f604e174","block_type":"box","text":"(20,149)","page_number":144,"box":{"x":662,"y":295,"width":61,"height":12}},{"id":"636cd6a7-6d0d-42f7-a44c-12b3e766230c","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":300,"width":10,"height":1}},{"id":"253bf8d5-0136-4c54-b3a4-ae438ac59c44","block_type":"box","text":"(20,149)","page_number":144,"box":{"x":896,"y":295,"width":61,"height":12}},{"id":"099c82e2-a36d-4144-81f9-294d42a22822","block_type":"box","text":"–","page_number":144,"box":{"x":598,"y":317,"width":9,"height":1}},{"id":"c17794cf-dbe5-4d49-b564-4f2b941f27e8","block_type":"box","text":"(20,149)","page_number":144,"box":{"x":662,"y":311,"width":61,"height":12}},{"id":"06e5b2e7-54ca-4be6-88c3-ef5c7a36a45a","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":317,"width":10,"height":1}},{"id":"c14214c4-d6a8-47fc-be0e-4e052f9a7bf5","block_type":"box","text":"(20,149)","page_number":144,"box":{"x":896,"y":311,"width":61,"height":12}},{"id":"a84343fa-fead-42d7-b5ae-44506e0205a4","block_type":"box","text":"Valuation technique as at","page_number":144,"box":{"x":44,"y":343,"width":161,"height":8}},{"id":"522f8012-d2ac-4102-a07e-c31b7f80bf0f","block_type":"box","text":"31 December 2025","page_number":144,"box":{"x":210,"y":343,"width":116,"height":7}},{"id":"7e6c7e10-6577-43ae-b561-c18e3b23dfa5","block_type":"box","text":"Financial Assets","page_number":144,"box":{"x":45,"y":368,"width":104,"height":7}},{"id":"3cf8be98-58bd-408b-9da2-33cb8b76b5b7","block_type":"box","text":"Level 1","page_number":144,"box":{"x":563,"y":357,"width":42,"height":7}},{"id":"2fb2c93d-5628-4462-83dd-5466a49cea55","block_type":"box","text":"£","page_number":144,"box":{"x":600,"y":368,"width":7,"height":7}},{"id":"3578f58d-e96c-44ee-9a1a-cb5586857d94","block_type":"box","text":"Level 2","page_number":144,"box":{"x":679,"y":357,"width":44,"height":7}},{"id":"ce113379-c31f-4848-b8ab-2afd69464a68","block_type":"box","text":"£","page_number":144,"box":{"x":717,"y":368,"width":7,"height":7}},{"id":"3b761953-50e0-4767-8ade-f780d2738003","block_type":"box","text":"Level 3","page_number":144,"box":{"x":796,"y":357,"width":44,"height":7}},{"id":"889d2fe7-ac8d-41d6-a841-fd028c8e5f48","block_type":"box","text":"£","page_number":144,"box":{"x":833,"y":368,"width":7,"height":7}},{"id":"c71468fe-15d7-4367-ab43-f8ada3cdb80f","block_type":"box","text":"Total","page_number":144,"box":{"x":926,"y":357,"width":30,"height":7}},{"id":"e382cbb6-d129-4c10-a952-01a84dc98c20","block_type":"box","text":"£","page_number":144,"box":{"x":950,"y":368,"width":7,"height":7}},{"id":"1a3c5818-7c63-4f41-bb5e-b72ff7d5616a","block_type":"box","text":"Debt Securities","page_number":144,"box":{"x":45,"y":386,"width":112,"height":9}},{"id":"696b977e-40bb-4bf9-8f33-77dbe424e254","block_type":"box","text":"62,414,035","page_number":144,"box":{"x":524,"y":387,"width":83,"height":10}},{"id":"fff760d3-0027-4c11-8bee-8b588276c3e9","block_type":"box","text":"54,476,048","page_number":144,"box":{"x":641,"y":387,"width":82,"height":10}},{"id":"1cb6c290-381a-4b78-8826-a8b81341b851","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":392,"width":10,"height":1}},{"id":"2409b76c-b2bb-492d-bdc3-7cf0280369ae","block_type":"box","text":"116,890,083","page_number":144,"box":{"x":867,"y":387,"width":89,"height":10}},{"id":"ef170006-b7cc-4816-b219-8641ff5f32b2","block_type":"box","text":"Forward Currency Contracts","page_number":144,"box":{"x":46,"y":402,"width":208,"height":11}},{"id":"57da90b6-c31a-4361-95d2-2f123489dbc3","block_type":"box","text":"–","page_number":144,"box":{"x":598,"y":407,"width":9,"height":1}},{"id":"06905e92-af3b-4bc2-8803-3e6fbdb9defb","block_type":"box","text":"42,575","page_number":144,"box":{"x":673,"y":402,"width":50,"height":10}},{"id":"d4b6a0e3-f60c-42a4-864d-f70402ac7cd1","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":407,"width":10,"height":1}},{"id":"020431a0-f1dc-4573-9514-dbb68caecaa6","block_type":"box","text":"42,575","page_number":144,"box":{"x":906,"y":402,"width":50,"height":10}},{"id":"56e02a8d-ce2c-44b6-b45f-1f0b53c60c33","block_type":"box","text":"62,414,035","page_number":144,"box":{"x":524,"y":418,"width":83,"height":10}},{"id":"a68891b9-3e0e-4262-aa1d-898f1a459a51","block_type":"box","text":"54,518,623","page_number":144,"box":{"x":641,"y":418,"width":82,"height":10}},{"id":"5f64323c-4f91-45f2-87d2-2129e2a201ad","block_type":"box","text":"–","page_number":144,"box":{"x":831,"y":423,"width":10,"height":1}},{"id":"73f2e52d-4340-43a5-8cff-3ea1f8a17da3","block_type":"box","text":"116,932,658","page_number":144,"box":{"x":867,"y":418,"width":89,"height":10}},{"id":"63707b01-495a-45bd-85ce-4131dc213cda","block_type":"box","text":"1","page_number":144,"box":{"x":43,"y":461,"width":2,"height":4}},{"id":"6cf3ee1c-21f2-41e1-9958-22f57ff37660","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":144,"box":{"x":46,"y":461,"width":910,"height":9}},{"id":"e1041a2b-d521-4068-960a-92d9518d75d6","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":144,"box":{"x":42,"y":473,"width":915,"height":9}},{"id":"fb782786-f1c2-4706-ab44-f319aa78c427","block_type":"box","text":"shareholders.","page_number":144,"box":{"x":42,"y":484,"width":80,"height":7}},{"id":"c5a61878-0930-46d8-ab4f-fbd91c586121","block_type":"box","text":"Level 1","page_number":144,"box":{"x":43,"y":516,"width":53,"height":8}},{"id":"f54b058b-45d0-45c0-a2af-a07b02714455","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":144,"box":{"x":42,"y":529,"width":920,"height":11}},{"id":"aeebb0a7-71d8-4afd-af49-193ae48d0fa5","block_type":"box","text":"date.","page_number":144,"box":{"x":42,"y":542,"width":36,"height":9}},{"id":"204f60a0-3fbb-4e22-8a00-ee8e70a92c53","block_type":"box","text":"Level 2","page_number":144,"box":{"x":43,"y":567,"width":55,"height":8}},{"id":"3a7f523c-6759-4259-827f-aa161bacd9ce","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":144,"box":{"x":42,"y":580,"width":894,"height":11}},{"id":"ca3b2377-df22-430a-a315-8c75bc1e68e8","block_type":"box","text":"Level 3","page_number":144,"box":{"x":43,"y":605,"width":55,"height":9}},{"id":"c81b78ff-a38f-4050-b303-a97a41bee362","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":144,"box":{"x":42,"y":618,"width":672,"height":11}},{"id":"eaede578-8238-44af-bfc1-6aecadf62421","block_type":"box","text":"144","page_number":145,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"6dc55b46-d4c6-4dc6-88f6-2bcc2e49f2a9","block_type":"box","text":"145","page_number":145,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5e36dced-6f83-432f-ab4f-937a1325ae57","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":145,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"a19b03ca-d551-4967-924f-26f4ae277ea5","block_type":"box","text":"Investment Objective and Policy","page_number":145,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"98afb930-bbfd-4d50-9785-286b4db68ce4","block_type":"box","text":"Investment Objective","page_number":145,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"c58cfb7b-9454-4d23-b17a-bcb6530b4e29","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":145,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"a4d83810-525a-4929-81f4-29974ca20115","block_type":"box","text":"investment value and income) over a rolling 5 year period","page_number":145,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"0e11f7b6-13c6-4114-be45-344c4acf5b14","block_type":"box","text":"after deducting fees and costs.","page_number":145,"box":{"x":42,"y":138,"width":227,"height":11}},{"id":"95f1cd39-4627-4516-8984-fe2d0fef2549","block_type":"box","text":"Investment Policy","page_number":145,"box":{"x":43,"y":163,"width":141,"height":11}},{"id":"523bff1f-2594-4e59-b8c8-97a01df1a6f9","block_type":"box","text":"Investments","page_number":145,"box":{"x":43,"y":177,"width":89,"height":9}},{"id":"172b1574-d1d9-4ffd-b9fe-80a3dfb0e801","block_type":"box","text":"We invest at least 80% of the sub-fund in companies from","page_number":145,"box":{"x":42,"y":202,"width":450,"height":11}},{"id":"1a93517e-2b1e-4d7b-bb54-3bcecd9982ec","block_type":"box","text":"around the world.","page_number":145,"box":{"x":42,"y":217,"width":128,"height":8}},{"id":"03fea518-0ffa-45ee-959c-b99125e30370","block_type":"box","text":"The sub-fund invests mainly in the shares of companies, but","page_number":145,"box":{"x":42,"y":241,"width":450,"height":11}},{"id":"32fbd4f5-a3fe-4674-bc0f-7094666f23c4","block_type":"box","text":"may also invest in other funds (including those managed by","page_number":145,"box":{"x":43,"y":255,"width":449,"height":12}},{"id":"8ee75352-1fae-468a-ad7f-0b2460db0811","block_type":"box","text":"Sarasin), exchange traded funds (funds which can be traded","page_number":145,"box":{"x":43,"y":270,"width":449,"height":11}},{"id":"682a9c9c-cd1a-4393-80ae-0e537e700d4b","block_type":"box","text":"on major stock exchanges similarly to a company share) and","page_number":145,"box":{"x":42,"y":284,"width":450,"height":11}},{"id":"47b2eba8-6636-410c-a5b3-85b8b5a1d3c8","block_type":"box","text":"exchange traded commodities (which track the performance","page_number":145,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"cf3096b7-22b8-45c8-8bc0-8e619e782706","block_type":"box","text":"of a commodity index).","page_number":145,"box":{"x":42,"y":313,"width":167,"height":11}},{"id":"d2f28fbc-20e2-4f16-a706-6c07700c393f","block_type":"box","text":"Investment Selection","page_number":145,"box":{"x":43,"y":338,"width":154,"height":8}},{"id":"7479a29c-30c8-4426-937e-0188dcc8387f","block_type":"box","text":"We carefully select the sub-fund’s investments to have","page_number":145,"box":{"x":42,"y":362,"width":450,"height":12}},{"id":"b5e22b27-732a-4191-bc8f-22fd4eaadec9","block_type":"box","text":"exposure to the thematic opportunities which we believe","page_number":145,"box":{"x":42,"y":377,"width":450,"height":11}},{"id":"1f69be3a-cafb-4708-b525-e42371f6984e","block_type":"box","text":"underpin growth in the food and agriculture sectors in any","page_number":145,"box":{"x":43,"y":391,"width":449,"height":11}},{"id":"3348e144-a3d0-4508-9c63-af5d5129601f","block_type":"box","text":"country/region. We believe that these themes are likely to","page_number":145,"box":{"x":42,"y":405,"width":450,"height":11}},{"id":"abedee4e-a946-4628-82cd-a763b440b0ae","block_type":"box","text":"result in structural consequences for company performance","page_number":145,"box":{"x":43,"y":419,"width":449,"height":12}},{"id":"8ca74dea-7196-40a7-a5fe-caf80c7aebd1","block_type":"box","text":"which will be reflected in their share price. We select","page_number":145,"box":{"x":42,"y":434,"width":450,"height":11}},{"id":"62a9f11d-5e9c-4338-85db-47c702f2098b","block_type":"box","text":"companies which are most likely to benefit from these","page_number":145,"box":{"x":42,"y":448,"width":450,"height":11}},{"id":"487b6f06-ed0f-47b5-b3bd-1cf2b91d44ff","block_type":"box","text":"investment themes based on our own analysis.","page_number":145,"box":{"x":43,"y":462,"width":346,"height":11}},{"id":"131e6156-dfd1-4000-acc5-24e86e15b3f1","block_type":"box","text":"Stewardship","page_number":145,"box":{"x":43,"y":487,"width":91,"height":11}},{"id":"ac00e748-20b6-44c0-81f1-eb4e160f3c21","block_type":"box","text":"Voting is integral to our engagement work where we","page_number":145,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"0ae01488-a792-4b32-ba1a-5061f8e7af48","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":145,"box":{"x":42,"y":527,"width":450,"height":11}},{"id":"e0512562-36be-4c38-8597-1cebc2b57dc4","block_type":"box","text":"votes on routine items are aligned with mitigating the","page_number":145,"box":{"x":42,"y":541,"width":450,"height":11}},{"id":"5dae85d2-dc54-4c48-84df-fdd2bac13a1f","block_type":"box","text":"ESG risks identified through the SIM analysis. Our","page_number":145,"box":{"x":43,"y":555,"width":449,"height":11}},{"id":"e1ddd6bd-3e6a-4240-a7d5-f296d4b9d6df","block_type":"box","text":"Corporate Governance and Voting Guidelines are","page_number":145,"box":{"x":43,"y":569,"width":449,"height":11}},{"id":"6a121fb5-fa3e-469b-beb3-eee542bf90d7","block_type":"box","text":"updated annually and published on our website at","page_number":145,"box":{"x":43,"y":584,"width":449,"height":11}},{"id":"19cb5468-260b-483b-8578-d03ec83e18d7","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":145,"box":{"x":42,"y":598,"width":445,"height":11}},{"id":"7dd7884d-8d79-4998-b2b9-cfa4ef52008f","block_type":"box","text":"you/.","page_number":145,"box":{"x":42,"y":612,"width":35,"height":11}},{"id":"006f52d3-d9f9-4ace-a3ee-035153fd78de","block_type":"box","text":"Restrictions","page_number":145,"box":{"x":43,"y":637,"width":87,"height":9}},{"id":"2cc3a333-10e6-43c1-842d-00ee2884afab","block_type":"box","text":"We avoid companies that are materially engaged in","page_number":145,"box":{"x":42,"y":662,"width":450,"height":11}},{"id":"b168351a-9e6f-4167-8a83-01f39b738760","block_type":"box","text":"certain sectors, including the production or distribution of","page_number":145,"box":{"x":42,"y":676,"width":450,"height":11}},{"id":"7c6cd9e5-c856-4a84-b7e6-cb2795521782","block_type":"box","text":"tobacco, armaments, gambling and adult entertainment.","page_number":145,"box":{"x":42,"y":690,"width":444,"height":12}},{"id":"ae193f49-ec93-4bc3-b859-23cfc1e4d18f","block_type":"box","text":"Further detail on how we do this is available in the Guide","page_number":145,"box":{"x":43,"y":705,"width":444,"height":8}},{"id":"9a45e3d0-e855-4722-be5a-e4f5ce4753e3","block_type":"box","text":"to Ethical Exclusions which is available on our website at","page_number":145,"box":{"x":42,"y":719,"width":445,"height":9}},{"id":"e77124d7-5cd6-426c-8971-0c9b0ebf67da","block_type":"box","text":"www.sarasinandpartners.com/funds/sarasin-food-and","page_number":145,"box":{"x":42,"y":733,"width":445,"height":11}},{"id":"8e16227c-6026-455f-accd-140aaf841f0c","block_type":"box","text":"agriculture-opportunities.","page_number":145,"box":{"x":42,"y":747,"width":183,"height":12}},{"id":"4abcbe9e-9047-4101-94a5-5222c40d6f39","block_type":"box","text":"Additional Techniques","page_number":145,"box":{"x":42,"y":773,"width":164,"height":10}},{"id":"06ffea4a-f771-465e-8a2d-cda57d84f006","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":145,"box":{"x":42,"y":797,"width":444,"height":12}},{"id":"2fffce1e-69dd-49f4-8035-1e271c86a9e3","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":145,"box":{"x":43,"y":812,"width":444,"height":11}},{"id":"979480f5-f7e5-4d01-92f9-3882666857f7","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":145,"box":{"x":43,"y":826,"width":444,"height":9}},{"id":"122cc7e7-d00b-43e5-b5c4-6168672cf1a0","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":145,"box":{"x":43,"y":840,"width":449,"height":11}},{"id":"dfaaf143-c4ac-412d-b91c-6eb6344c1238","block_type":"box","text":"share prices, currencies).","page_number":145,"box":{"x":42,"y":854,"width":187,"height":12}},{"id":"066325b3-64a9-42d2-a6c0-8120f0c29173","block_type":"box","text":"Sustainability Labels","page_number":145,"box":{"x":512,"y":104,"width":166,"height":11}},{"id":"18d61cb2-95f3-4aa3-9eaa-8262798a7993","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":145,"box":{"x":512,"y":118,"width":450,"height":11}},{"id":"162f36b5-5a3b-480d-9a36-8fe055623510","block_type":"box","text":"specific sustainability goal.","page_number":145,"box":{"x":512,"y":133,"width":196,"height":11}},{"id":"8ecaf0c4-d681-43c5-b1d4-5e16ae99ab11","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":145,"box":{"x":512,"y":158,"width":450,"height":11}},{"id":"5212f54c-77b3-4249-b29b-dbcd6cd8174f","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":145,"box":{"x":512,"y":172,"width":450,"height":11}},{"id":"1255a23b-fb55-43bd-bf03-73488bf44a73","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":145,"box":{"x":513,"y":186,"width":449,"height":11}},{"id":"31316721-0fd7-48fe-b1d5-7c77d91c423f","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":145,"box":{"x":512,"y":200,"width":450,"height":12}},{"id":"bd1e7a94-992e-4171-bbde-4677462e2ca8","block_type":"box","text":"sustainability investment label.","page_number":145,"box":{"x":512,"y":215,"width":225,"height":11}},{"id":"af2b45c5-0311-45c9-8617-a4637e3a2831","block_type":"box","text":"Benchmark Information","page_number":145,"box":{"x":513,"y":240,"width":186,"height":8}},{"id":"7a834275-9fa4-4b4a-8a49-47bfdba8f652","block_type":"box","text":"As the sub-fund invests in a very specific investment universe,","page_number":145,"box":{"x":512,"y":254,"width":450,"height":11}},{"id":"4677af77-90be-44ff-b444-36f827f1bbd0","block_type":"box","text":"investors should consider performance over a long-term time","page_number":145,"box":{"x":513,"y":268,"width":449,"height":11}},{"id":"bf62ea2e-e99f-4eef-86a8-4eca5002d0e2","block_type":"box","text":"period (5-10 years) against either a broad market index or","page_number":145,"box":{"x":513,"y":282,"width":449,"height":12}},{"id":"ca0c33d3-5094-41c0-8233-09595daf1aa4","block_type":"box","text":"peer group of Global Food and Agriculture funds such as the","page_number":145,"box":{"x":513,"y":297,"width":449,"height":11}},{"id":"a9ab5b75-81c1-4844-a556-d45e372016bf","block_type":"box","text":"Morningstar EAA Fund Sector Equity Agriculture sector.","page_number":145,"box":{"x":513,"y":311,"width":409,"height":11}},{"id":"d3c0e3ef-fcc3-4849-a1c4-0a5747462ae3","block_type":"box","text":"Sensitivity Analysis","page_number":145,"box":{"x":512,"y":336,"width":161,"height":11}},{"id":"740dadaf-cb8a-429e-9c96-dca5bc7df825","block_type":"box","text":"The sub-fund invests in equities and Exchange Traded","page_number":145,"box":{"x":512,"y":350,"width":450,"height":11}},{"id":"54795c2a-9187-492e-a591-fb5c7395821d","block_type":"box","text":"Funds. The sub-fund will then use options on individual","page_number":145,"box":{"x":513,"y":364,"width":449,"height":11}},{"id":"26f7dec4-dfc4-4108-acd4-84dc5f7744eb","block_type":"box","text":"stocks to implement views on specific stocks. Exposure to","page_number":145,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"ca3e593d-fe95-4f0a-b2e6-6b4e67f70ffe","block_type":"box","text":"foreign currencies is also altered through the use of forwards.","page_number":145,"box":{"x":512,"y":393,"width":444,"height":11}},{"id":"807ebde0-6cd3-449e-b682-936f504bfa65","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":145,"box":{"x":512,"y":418,"width":450,"height":9}},{"id":"f7b9af5e-7ea9-42a2-b424-b04246552264","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":145,"box":{"x":513,"y":432,"width":449,"height":11}},{"id":"71a4adc5-4543-4a64-81f9-fcfea4d55a4d","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":145,"box":{"x":512,"y":446,"width":450,"height":11}},{"id":"e1014fb0-1e2d-4332-8625-f12a8141e84c","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":145,"box":{"x":512,"y":460,"width":450,"height":12}},{"id":"9c4fac43-4416-4c0a-812f-2511f1c95aa2","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":145,"box":{"x":512,"y":475,"width":450,"height":11}},{"id":"3da8b88a-a22b-4ca1-913c-4e28f8438d18","block_type":"box","text":"Carlo simulation methodology.","page_number":145,"box":{"x":512,"y":489,"width":223,"height":11}},{"id":"9e32454f-14c3-43a4-985f-757d9c47a5e6","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":145,"box":{"x":512,"y":514,"width":450,"height":11}},{"id":"1368dedc-a9e9-436e-868c-902d6d1c5c7a","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":145,"box":{"x":513,"y":528,"width":449,"height":11}},{"id":"c2fd2092-a9e6-4faa-a997-5cff7d0545f2","block_type":"box","text":"portfolio over a specific timeframe.","page_number":145,"box":{"x":513,"y":542,"width":253,"height":12}},{"id":"036cffdc-9735-4261-83b3-223a8e92a54f","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":145,"box":{"x":512,"y":567,"width":450,"height":12}},{"id":"818f326a-6cf3-4eb9-9602-8287129bed44","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":145,"box":{"x":512,"y":582,"width":450,"height":11}},{"id":"f26787a9-7eef-4e28-83ff-d929c957e8c0","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":145,"box":{"x":513,"y":596,"width":449,"height":11}},{"id":"0bda15b1-d377-4475-acb6-a9f04f9889ca","block_type":"box","text":"based on the 99th percentile.","page_number":145,"box":{"x":513,"y":610,"width":220,"height":11}},{"id":"35c646ff-bdff-44b9-abd5-638bb9958d01","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Food and","page_number":145,"box":{"x":512,"y":635,"width":450,"height":11}},{"id":"27af755d-effe-4971-a618-351d371538f5","block_type":"box","text":"Agriculture Opportunities, as at 3 July 2026, was 7.24%","page_number":145,"box":{"x":512,"y":649,"width":450,"height":12}},{"id":"06001476-8d5f-488c-9783-68c0ff9b395a","block_type":"box","text":"(31 December 2025: 6.37%). The lowest, highest, and","page_number":145,"box":{"x":513,"y":664,"width":449,"height":11}},{"id":"f5adadc4-0f6b-44b3-b499-2e5da23fc3c9","block_type":"box","text":"average utilisation in the period was 6.26%, 7.26% and","page_number":145,"box":{"x":512,"y":678,"width":450,"height":11}},{"id":"73c035c7-aab1-46b2-8fb3-1e6befc2de41","block_type":"box","text":"6.79%, respectively (31 December 2025: 5.95%, 7.21% and","page_number":145,"box":{"x":512,"y":692,"width":444,"height":11}},{"id":"c214e86e-cc4e-488b-9f9a-ee8a28651002","block_type":"box","text":"6.57%, respectively).","page_number":145,"box":{"x":512,"y":706,"width":154,"height":12}},{"id":"9cdd089c-838e-446c-9027-f31cdb08c6c9","block_type":"box","text":"145","page_number":146,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"efba8213-e6dc-4910-9bd7-130f92588309","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":146,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"574aa144-0e66-4dec-a00b-a8ead849e1c3","block_type":"box","text":"Investment Review \r\new","page_number":146,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"30af5ca3-a4b7-49a6-b6fd-9831987d2949","block_type":"box","text":"Investment Review","page_number":146,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"edceba4a-b954-49b3-96b0-5223e9521494","block_type":"box","text":"Sub-fund Performance","page_number":146,"box":{"x":42,"y":95,"width":186,"height":9}},{"id":"92fd5650-024f-458a-8a97-17050b547bc1","block_type":"box","text":"Cumulative performance","page_number":146,"box":{"x":49,"y":114,"width":196,"height":11}},{"id":"32111605-5ab1-414d-a382-eb90bf371727","block_type":"box","text":"6 mos","page_number":146,"box":{"x":452,"y":121,"width":45,"height":9}},{"id":"65a25273-7e66-4ef8-8979-1e79ed6e5bf7","block_type":"box","text":"1 yr","page_number":146,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"57d4ca08-6ddb-4b63-a90b-9820c1a9b4ea","block_type":"box","text":"3 yrs","page_number":146,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"d15ec176-a982-4694-b09d-9150a66da3ee","block_type":"box","text":"5 yrs","page_number":146,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"2c13ca81-39f7-4415-9d0d-40415187bed9","block_type":"box","text":"Since","page_number":146,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"590ce1d4-e5e9-4529-8573-15829e1c7ba2","block_type":"box","text":"Inception","page_number":146,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"a9946f78-83ab-4afb-bc53-5e41bee4edfb","block_type":"box","text":"01 Jan 26 -","page_number":146,"box":{"x":433,"y":146,"width":88,"height":9}},{"id":"6f1f6b87-5d25-4998-a7ee-793a0cea8d31","block_type":"box","text":"03 Jul 26","page_number":146,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"85fde1ba-ba65-447a-9b1e-a2a6e9d24624","block_type":"box","text":"01 Jul 25 –","page_number":146,"box":{"x":541,"y":146,"width":86,"height":9}},{"id":"84276492-658b-4d5d-ae4f-31ef7d4fb3da","block_type":"box","text":"03 Jul 26","page_number":146,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"d6f4f193-1744-4c6e-bc00-4a2ea47b7d2f","block_type":"box","text":"01 Jul 23 –","page_number":146,"box":{"x":647,"y":146,"width":86,"height":9}},{"id":"8d8f5ba3-1110-4a8c-a223-3f81e1eda600","block_type":"box","text":"03 Jul 26","page_number":146,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"2964bffd-2a36-49f3-89a1-476c68d4b418","block_type":"box","text":"01 Jul 21 -","page_number":146,"box":{"x":756,"y":146,"width":82,"height":9}},{"id":"11056f01-72c6-4d8c-b6fe-c5ea6aa733d0","block_type":"box","text":"03 Jul 26","page_number":146,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"b88aea56-2b41-47dd-b248-34ffd29800b9","block_type":"box","text":"31 Mar 08 -","page_number":146,"box":{"x":860,"y":146,"width":89,"height":9}},{"id":"57d850f0-67e8-4ea2-8e75-f20d1351f39a","block_type":"box","text":"03 Jul 26","page_number":146,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"52098727-e3fe-4f49-95db-76bfff90b73e","block_type":"box","text":"%","page_number":146,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"57fc24b7-7a94-4d5d-920b-2f7eb323ccbe","block_type":"box","text":"%","page_number":146,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"2d9d1cd1-4d33-46c1-8afe-afea004fd63a","block_type":"box","text":"%","page_number":146,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"4c582823-1505-4839-8d48-90b7b5b09e01","block_type":"box","text":"%","page_number":146,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"282f705e-0cf2-4a86-915f-286ac988f326","block_type":"box","text":"%","page_number":146,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"5c77164e-4440-49e7-a40f-a70bb7f3f686","block_type":"box","text":"Fund","page_number":146,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"620087ac-ba6a-4046-b8d4-993569daff40","block_type":"box","text":"P Acc (Net)","page_number":146,"box":{"x":308,"y":196,"width":83,"height":11}},{"id":"9fd99322-8e25-4acf-9074-977bc624a7dd","block_type":"box","text":"3.70","page_number":146,"box":{"x":459,"y":196,"width":31,"height":9}},{"id":"35035ce7-62a2-42c0-935d-bd02427e5fbb","block_type":"box","text":"-1.80","page_number":146,"box":{"x":563,"y":196,"width":36,"height":9}},{"id":"51a3f9a8-3387-4df3-9b36-3fedfec0495d","block_type":"box","text":"-1.90","page_number":146,"box":{"x":669,"y":196,"width":37,"height":9}},{"id":"5af8beba-a7b5-463d-abbb-bfa65079f46c","block_type":"box","text":"22.30","page_number":146,"box":{"x":774,"y":196,"width":40,"height":9}},{"id":"1559011c-9483-43e5-a91e-205341416528","block_type":"box","text":"94.70","page_number":146,"box":{"x":881,"y":196,"width":41,"height":9}},{"id":"bffae07d-bc84-48e0-aba3-7bace0289336","block_type":"box","text":"Broad Market Index","page_number":146,"box":{"x":50,"y":209,"width":145,"height":9}},{"id":"eeee062e-7aa0-4f62-95d7-9a60d44beac2","block_type":"box","text":"12.40","page_number":146,"box":{"x":455,"y":209,"width":40,"height":9}},{"id":"b351a055-ab86-46b5-9b1a-caf359f0ae4b","block_type":"box","text":"25.60","page_number":146,"box":{"x":561,"y":209,"width":40,"height":9}},{"id":"354c857c-dc41-4aec-954f-b7ce5f545709","block_type":"box","text":"62.90","page_number":146,"box":{"x":667,"y":209,"width":41,"height":9}},{"id":"1dd87fec-aa25-4c82-a032-d6d3be7b33b9","block_type":"box","text":"73.20","page_number":146,"box":{"x":774,"y":209,"width":40,"height":9}},{"id":"e4d003ad-6cc9-4343-80a7-bceebf2e19bd","block_type":"box","text":"574.20","page_number":146,"box":{"x":877,"y":209,"width":50,"height":9}},{"id":"15410a87-500e-4691-b7f3-bad1a9650d29","block_type":"box","text":"Peer Group","page_number":146,"box":{"x":50,"y":223,"width":85,"height":11}},{"id":"938eaa9d-e501-477a-8eb2-fd71d4f5fa84","block_type":"box","text":"5.50","page_number":146,"box":{"x":459,"y":223,"width":31,"height":8}},{"id":"5642b407-bf8a-44c9-9422-e67682f456d4","block_type":"box","text":"4.80","page_number":146,"box":{"x":565,"y":223,"width":32,"height":8}},{"id":"a9179d69-056a-4ad5-a363-a8fd3fb633a0","block_type":"box","text":"3.70","page_number":146,"box":{"x":672,"y":223,"width":31,"height":8}},{"id":"7e7a42b4-12f2-4439-95ce-17aa478a4d3d","block_type":"box","text":"-5.90","page_number":146,"box":{"x":776,"y":223,"width":37,"height":8}},{"id":"51821237-3416-4fbe-8365-8f5f79179fe4","block_type":"box","text":"93.10","page_number":146,"box":{"x":881,"y":223,"width":41,"height":8}},{"id":"804524e8-5a8e-4396-8e6e-5e00d68d90bc","block_type":"box","text":"Discrete performance","page_number":146,"box":{"x":50,"y":267,"width":171,"height":11}},{"id":"cfae4613-c157-44aa-b92b-9e3bead9e8ef","block_type":"box","text":"01 Jul 25 –","page_number":146,"box":{"x":434,"y":267,"width":86,"height":9}},{"id":"3231e7ac-3b56-4161-9e45-2ca3cc983b03","block_type":"box","text":"03 Jul 26","page_number":146,"box":{"x":441,"y":281,"width":67,"height":9}},{"id":"92dd8536-10b2-459f-8fd5-aeee6c375842","block_type":"box","text":"01 Jul 24 -","page_number":146,"box":{"x":543,"y":267,"width":82,"height":9}},{"id":"565ca308-d5b3-4991-94aa-5e49f5317e7c","block_type":"box","text":"30 Jun 25","page_number":146,"box":{"x":545,"y":281,"width":72,"height":9}},{"id":"f3d3d847-4ee7-49c1-bdba-fe65449fe972","block_type":"box","text":"01 Jul 23 -","page_number":146,"box":{"x":649,"y":267,"width":83,"height":9}},{"id":"b9f25302-1792-45c9-94f6-d57cc838ef74","block_type":"box","text":"30 Jun 24","page_number":146,"box":{"x":652,"y":281,"width":72,"height":9}},{"id":"73a72876-6128-40ab-90c4-d71801044a72","block_type":"box","text":"01 Jul 22 -","page_number":146,"box":{"x":756,"y":267,"width":82,"height":9}},{"id":"7400d7fb-8f75-44a6-a912-e3e0a200db2e","block_type":"box","text":"30 Jun 23","page_number":146,"box":{"x":758,"y":281,"width":72,"height":9}},{"id":"8cee0e22-7dcb-4724-9f70-37638d6a40e2","block_type":"box","text":"01 Jul 21 -","page_number":146,"box":{"x":863,"y":267,"width":83,"height":9}},{"id":"0db8ce9b-88d0-44ea-a575-b5343b6abe7b","block_type":"box","text":"30 Jun 22","page_number":146,"box":{"x":866,"y":281,"width":72,"height":9}},{"id":"0c4e3596-8272-4879-beb9-3f6892f8e154","block_type":"box","text":"%","page_number":146,"box":{"x":468,"y":303,"width":13,"height":9}},{"id":"0324ab97-49d8-4cc0-a3b0-52189c44f5a6","block_type":"box","text":"%","page_number":146,"box":{"x":575,"y":303,"width":13,"height":9}},{"id":"961202ec-7296-4004-91a7-ef4204b7ea6d","block_type":"box","text":"%","page_number":146,"box":{"x":681,"y":303,"width":13,"height":9}},{"id":"b0d3653d-ad26-4a92-9469-91187b889ff4","block_type":"box","text":"%","page_number":146,"box":{"x":788,"y":303,"width":13,"height":9}},{"id":"5007c6fa-b323-4c17-ba66-ae066ebcb79f","block_type":"box","text":"%","page_number":146,"box":{"x":895,"y":303,"width":13,"height":9}},{"id":"b99a6bd7-86e1-43fd-b0e6-544d25332b43","block_type":"box","text":"Fund","page_number":146,"box":{"x":50,"y":317,"width":36,"height":8}},{"id":"dc0c3f3b-9f18-46e4-8a18-a31252660944","block_type":"box","text":"P Acc (Net)","page_number":146,"box":{"x":308,"y":316,"width":83,"height":12}},{"id":"7492a6c4-c516-4d2b-9e8e-203c08aa8f2f","block_type":"box","text":"-1.80","page_number":146,"box":{"x":456,"y":316,"width":37,"height":9}},{"id":"313620fb-d865-4274-8208-1b546545cf24","block_type":"box","text":"1.20","page_number":146,"box":{"x":567,"y":316,"width":30,"height":9}},{"id":"366f337d-ef42-4aaa-99f0-5a3d76ce9d96","block_type":"box","text":"-0.60","page_number":146,"box":{"x":669,"y":316,"width":37,"height":9}},{"id":"46c81c50-a037-49c8-948e-fd98f70efbe3","block_type":"box","text":"-2.70","page_number":146,"box":{"x":776,"y":316,"width":37,"height":9}},{"id":"d0825bdb-b315-4d3a-805f-2a174ed7360d","block_type":"box","text":"-18.20","page_number":146,"box":{"x":878,"y":316,"width":47,"height":9}},{"id":"22c6dd31-b31d-4e13-9f09-bfed6fa84be2","block_type":"box","text":"Broad Market Index","page_number":146,"box":{"x":50,"y":330,"width":145,"height":9}},{"id":"264c7d40-3719-4b13-af5e-3d5a9bf12995","block_type":"box","text":"25.60","page_number":146,"box":{"x":454,"y":330,"width":41,"height":9}},{"id":"f5b878cb-4430-42f8-b26b-b1b2dbbe18b5","block_type":"box","text":"7.20","page_number":146,"box":{"x":566,"y":330,"width":31,"height":9}},{"id":"16d0604a-a1c5-4812-894d-d79fd5049d3a","block_type":"box","text":"20.10","page_number":146,"box":{"x":667,"y":330,"width":41,"height":9}},{"id":"8ff81307-acfe-45df-9366-879ee7b2c3e1","block_type":"box","text":"-11.30","page_number":146,"box":{"x":772,"y":330,"width":45,"height":9}},{"id":"5028b731-1e5f-46fd-be2e-3dd56da535fe","block_type":"box","text":"-4.20","page_number":146,"box":{"x":883,"y":330,"width":37,"height":9}},{"id":"8cb8c855-3f1f-494a-989d-233d43294398","block_type":"box","text":"Peer Group","page_number":146,"box":{"x":50,"y":343,"width":85,"height":11}},{"id":"e5cdb011-8746-4c7e-b400-9c4eef880a02","block_type":"box","text":"4.80","page_number":146,"box":{"x":458,"y":343,"width":32,"height":9}},{"id":"001cad1f-7ce4-4c21-854a-9f4abde21da2","block_type":"box","text":"0.60","page_number":146,"box":{"x":565,"y":343,"width":32,"height":9}},{"id":"55cc667a-2df7-4dc2-88e8-f909fea88194","block_type":"box","text":"-1.70","page_number":146,"box":{"x":669,"y":343,"width":37,"height":9}},{"id":"289499c6-6ab1-4fc6-8b48-96615c14ee12","block_type":"box","text":"-3.10","page_number":146,"box":{"x":776,"y":343,"width":37,"height":9}},{"id":"c67694f2-a9a6-42b4-bd0e-71637aad42f8","block_type":"box","text":"-6.30","page_number":146,"box":{"x":883,"y":343,"width":37,"height":9}},{"id":"a112d495-c3cf-4aa7-84ac-621d56890b6c","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":146,"box":{"x":43,"y":403,"width":220,"height":5}},{"id":"f7d681a7-7ec9-4757-9783-704e56dce5d3","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":146,"box":{"x":43,"y":422,"width":444,"height":7}},{"id":"79eefebe-e2e1-46c4-916b-155bd3ff1171","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":146,"box":{"x":42,"y":431,"width":445,"height":6}},{"id":"75db6d30-4298-4091-b1da-9523e24aa985","block_type":"box","text":"reinvested.","page_number":146,"box":{"x":42,"y":439,"width":48,"height":6}},{"id":"55ef3bca-78e9-4340-8094-c55f78090fc5","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched on","page_number":146,"box":{"x":42,"y":459,"width":445,"height":6}},{"id":"f7df1b1b-233a-4271-ba5d-fa6f26b8f715","block_type":"box","text":"15 October 2012. Performance prior to this date is from the previously merged share class Sarasin","page_number":146,"box":{"x":43,"y":467,"width":444,"height":7}},{"id":"487274a9-25f0-4802-8792-7de497dbcbe2","block_type":"box","text":"Food & Agriculture Opportunities A Acc. Prior to 16 June 2016, the sub-fund was named Sarasin","page_number":146,"box":{"x":43,"y":476,"width":444,"height":6}},{"id":"803302d1-4a90-4a2a-b8a7-72481f84ec52","block_type":"box","text":"AgriSar.","page_number":146,"box":{"x":42,"y":484,"width":35,"height":7}},{"id":"3274640f-e74b-454c-8ccf-509d9adeb2e3","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting marketing@","page_number":146,"box":{"x":43,"y":503,"width":444,"height":7}},{"id":"dfccdb41-f2d4-43e2-8965-1758e629a6dd","block_type":"box","text":"sarasin.co.uk.","page_number":146,"box":{"x":42,"y":512,"width":61,"height":5}},{"id":"eb38e977-e713-4e00-9f53-4a176d4b1d5d","block_type":"box","text":"Performance","page_number":146,"box":{"x":43,"y":534,"width":106,"height":8}},{"id":"604abbf7-da83-4ee2-8518-3a6f4796547f","block_type":"box","text":"The unit price of the sub-fund returned 3.70% (net of charges)","page_number":146,"box":{"x":42,"y":548,"width":450,"height":11}},{"id":"93078212-1c94-49c1-8de5-04bf430f5f6f","block_type":"box","text":"for the period from 1 January 2026 to 3 July 2026. There is","page_number":146,"box":{"x":42,"y":562,"width":450,"height":11}},{"id":"e23a8662-ed96-43f5-a993-5358451a01ac","block_type":"box","text":"no formal benchmark for the sub-fund, but as a reference","page_number":146,"box":{"x":43,"y":576,"width":449,"height":11}},{"id":"b9f797d0-9694-487b-b59d-85aa4b6487df","block_type":"box","text":"comparator we highlight that the broad market index MSCI","page_number":146,"box":{"x":42,"y":590,"width":450,"height":12}},{"id":"3a75769f-5622-4273-8cc0-8a59be967d70","block_type":"box","text":"ACWI returned 12.40% (in GBP). Within the peer group of","page_number":146,"box":{"x":42,"y":605,"width":450,"height":11}},{"id":"1b635fa8-e455-41ca-a9d7-2cfe2f409cbf","block_type":"box","text":"global Food & Agriculture funds the EEA Fund Sector Equity","page_number":146,"box":{"x":42,"y":619,"width":450,"height":11}},{"id":"71c7c216-3329-4f9c-8927-638d9cdc9e23","block_type":"box","text":"Agriculture returned 5.50% (in GBP).","page_number":146,"box":{"x":42,"y":633,"width":272,"height":12}},{"id":"b43afe1d-b9d8-40cb-8d4b-17ad8433f21a","block_type":"box","text":"Review","page_number":146,"box":{"x":43,"y":658,"width":61,"height":9}},{"id":"417f6e12-7bcc-4f5c-963c-9ee3aae396cf","block_type":"box","text":"A combination of factors shaped investor sentiment over the","page_number":146,"box":{"x":42,"y":672,"width":450,"height":12}},{"id":"2a1b70c2-d8cb-4690-8a97-8076ef71e7e0","block_type":"box","text":"first half of 2026. These included the impact of the US-Iran","page_number":146,"box":{"x":42,"y":687,"width":444,"height":11}},{"id":"81047a6a-b8b6-4e25-b475-205801620204","block_type":"box","text":"conflict, which initially caused uncertainty and led to closure","page_number":146,"box":{"x":42,"y":701,"width":445,"height":11}},{"id":"deaa8ed2-9bf6-4d25-9ecd-0e2755f40e8d","block_type":"box","text":"of the Strait of Hormuz, but appeared to be de-escalating as","page_number":146,"box":{"x":42,"y":715,"width":445,"height":11}},{"id":"4bb1c28a-823b-4e71-9ea1-1dcf818de887","block_type":"box","text":"the period progressed. The more optimistic outlook gradually","page_number":146,"box":{"x":42,"y":730,"width":445,"height":11}},{"id":"e63f6223-fd57-4e8a-a610-7610977de0f0","block_type":"box","text":"encouraged investors to favour riskier assets such as shares.","page_number":146,"box":{"x":42,"y":744,"width":444,"height":11}},{"id":"8f19227d-c126-4e04-8f3d-d3c7f9ad27e4","block_type":"box","text":"Oil prices fell sharply as the conflict looked to be closer to","page_number":146,"box":{"x":43,"y":769,"width":444,"height":11}},{"id":"c5797086-11d8-4cb9-9f3e-704000e1a3ab","block_type":"box","text":"a resolution, and the easing of energy concerns allowed","page_number":146,"box":{"x":42,"y":783,"width":444,"height":11}},{"id":"de93ff89-50a7-443c-8fbb-fc26c2471779","block_type":"box","text":"markets to refocus on Artificial Intelligence (AI), which helped","page_number":146,"box":{"x":43,"y":797,"width":443,"height":11}},{"id":"8befb8e1-594d-4df2-a901-3d31936364a9","block_type":"box","text":"to push technology stocks higher. Further boosts came from","page_number":146,"box":{"x":42,"y":811,"width":444,"height":12}},{"id":"8f07f833-6187-46a4-915d-712f8431fc89","block_type":"box","text":"companies raising their spending plans for the year and","page_number":146,"box":{"x":42,"y":826,"width":444,"height":11}},{"id":"8bd447fd-42b5-4bc0-89ae-072bc4804373","block_type":"box","text":"upgraded global earnings forecasts.","page_number":146,"box":{"x":43,"y":840,"width":264,"height":11}},{"id":"2ab344de-f815-4af2-aab8-c4a14b94b1a1","block_type":"box","text":"Positives","page_number":146,"box":{"x":513,"y":405,"width":77,"height":9}},{"id":"e97efac3-fd5c-441b-a025-0ee8111f2a99","block_type":"box","text":"Aramark was the largest positive contributor to performance.","page_number":146,"box":{"x":512,"y":419,"width":450,"height":12}},{"id":"dc0fe3fe-7930-4ab7-b7fb-ce8a499eb1eb","block_type":"box","text":"The food services company reported strong results, which","page_number":146,"box":{"x":512,"y":434,"width":450,"height":11}},{"id":"6c339347-cdbc-40d7-9873-0afa15136c2f","block_type":"box","text":"confirmed our thesis that growth can accelerate given","page_number":146,"box":{"x":512,"y":448,"width":450,"height":11}},{"id":"6d0485e8-0aa3-454c-9391-450b9526c937","block_type":"box","text":"industry tailwinds and higher contract retention rates.","page_number":146,"box":{"x":513,"y":462,"width":390,"height":11}},{"id":"f340d8d2-95b9-4a2e-adb9-c8c8c12f2009","block_type":"box","text":"Our holding in Delivery Hero contributed positively to","page_number":146,"box":{"x":512,"y":487,"width":450,"height":11}},{"id":"7c6b0899-19b8-445c-b685-0d172b22d886","block_type":"box","text":"performance. The online food ordering and delivery","page_number":146,"box":{"x":513,"y":501,"width":449,"height":12}},{"id":"ba69a05d-4ac4-447d-a5f0-9e1e93d606c4","block_type":"box","text":"company's share price was supported by its agreed takeover","page_number":146,"box":{"x":512,"y":516,"width":450,"height":11}},{"id":"d6858be6-74a6-45de-95d3-de1e74281058","block_type":"box","text":"by Uber Technologies, a deal we expect to complete over the","page_number":146,"box":{"x":513,"y":530,"width":449,"height":11}},{"id":"13367a5f-d2ac-43be-bedb-c206dbc5ab90","block_type":"box","text":"coming months.","page_number":146,"box":{"x":512,"y":544,"width":117,"height":11}},{"id":"9d8935e5-99fb-43b4-8ac2-1f11a56bde24","block_type":"box","text":"Agribusiness and grain trader Bunge Global contributed","page_number":146,"box":{"x":512,"y":569,"width":450,"height":11}},{"id":"92cf1615-fa7c-42db-999f-285f96181bc9","block_type":"box","text":"positively to the sub-fund’s performance. Improved soybean","page_number":146,"box":{"x":513,"y":583,"width":449,"height":12}},{"id":"1dacc2e6-c513-4c15-84e0-7e53437d978c","block_type":"box","text":"crush margins and final clarification on biofuel subsidies","page_number":146,"box":{"x":512,"y":598,"width":450,"height":11}},{"id":"eb160707-c25a-4bd7-ae83-67ba9abb0f25","block_type":"box","text":"helped the stock in the period.","page_number":146,"box":{"x":513,"y":612,"width":221,"height":11}},{"id":"d4a00c38-0911-40cc-9a32-8ddff11f1fb2","block_type":"box","text":"Deere & Company’s shares were re-rated positively as the","page_number":146,"box":{"x":513,"y":637,"width":449,"height":11}},{"id":"183f7945-1d7a-4992-80a7-84d3f2c0e40d","block_type":"box","text":"market believes that we are at the start of a new agriculture","page_number":146,"box":{"x":513,"y":651,"width":449,"height":11}},{"id":"8d1f8d41-6a14-4f9b-8d91-18985ffda1aa","block_type":"box","text":"equipment cycle. We are not as convinced as others that the","page_number":146,"box":{"x":512,"y":665,"width":450,"height":12}},{"id":"2a742feb-6af6-4480-8484-80179d611f8e","block_type":"box","text":"company’s fundamentals are improving and have trimmed","page_number":146,"box":{"x":512,"y":680,"width":450,"height":11}},{"id":"2886f978-f671-445c-be0d-bf5fe661a092","block_type":"box","text":"our holding.","page_number":146,"box":{"x":512,"y":694,"width":86,"height":11}},{"id":"4e418739-a4e1-434f-9b24-bb6ad696caa8","block_type":"box","text":"Negatives","page_number":146,"box":{"x":513,"y":719,"width":77,"height":11}},{"id":"6a173ce9-cb22-4e25-9f28-a203f960bd06","block_type":"box","text":"Our holding in BellRing Brands was the main detractor from","page_number":146,"box":{"x":512,"y":733,"width":444,"height":11}},{"id":"b46a3b28-7ec7-4039-b245-fbaf4559d59a","block_type":"box","text":"performance. Competition from Coca-Cola and other new","page_number":146,"box":{"x":513,"y":747,"width":444,"height":11}},{"id":"6cdd6e40-1dec-4493-b519-d7c580852040","block_type":"box","text":"entrants into the ready-to-drink protein beverage market led","page_number":146,"box":{"x":512,"y":762,"width":444,"height":11}},{"id":"8fbcb970-cb61-4a23-9a9f-cd88fe9f7d62","block_type":"box","text":"the company to issue slower revenue growth guidance.","page_number":146,"box":{"x":512,"y":776,"width":408,"height":11}},{"id":"2402f303-4748-40a7-92a1-4717fd5b399e","block_type":"box","text":"International fast-food chain Wingstop also weighed on","page_number":146,"box":{"x":513,"y":801,"width":443,"height":11}},{"id":"968f2414-6fa1-4d3e-a24f-eae291d95059","block_type":"box","text":"performance. The firm’s shares performed poorly following","page_number":146,"box":{"x":513,"y":815,"width":443,"height":11}},{"id":"9a52cc6e-4059-40bd-b6ca-2bbc763f8244","block_type":"box","text":"a slowdown in same-store sales growth during the first","page_number":146,"box":{"x":512,"y":829,"width":445,"height":12}},{"id":"f8252cfa-1c7c-4d2a-8f06-1e27b0a75d9f","block_type":"box","text":"half of this period. This was exacerbated by a slower-than","page_number":146,"box":{"x":513,"y":844,"width":444,"height":11}},{"id":"1790389e-62fc-4679-bbdc-0ef2584a1cc7","block_type":"box","text":"anticipated rollout of its Smart Kitchen technology, which is","page_number":146,"box":{"x":512,"y":858,"width":450,"height":11}},{"id":"2a4c2f72-9e26-48ca-92b2-599d2cb5fd71","block_type":"box","text":"designed to raise restaurant throughput.","page_number":146,"box":{"x":512,"y":872,"width":296,"height":11}},{"id":"a8809c9d-9fd6-4723-aee9-925107784607","block_type":"box","text":"146","page_number":147,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"87d13df0-7c59-4b6f-a9fd-a90527825c7f","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":147,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"5024a63b-ee8c-47c0-b317-847fc412b150","block_type":"box","text":"Animal health company Zoetis also weighed on performance.","page_number":147,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"5ae4fe4b-68f4-47f9-a9a8-57df91f9e8d6","block_type":"box","text":"The company significantly missed its organic sales growth","page_number":147,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"fe57be4b-e57c-460c-bae5-c55fde5359be","block_type":"box","text":"target. There are concerns that performance guidance","page_number":147,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"3082696b-500c-4a64-a277-d36acdd8f5de","block_type":"box","text":"may need to be cut further as a result of rising competitive","page_number":147,"box":{"x":43,"y":152,"width":449,"height":11}},{"id":"cffa2ed0-da19-4833-8f50-2b9441ee482f","block_type":"box","text":"pressure in some of its animal health franchises.","page_number":147,"box":{"x":43,"y":166,"width":357,"height":11}},{"id":"9ab2e012-32be-49e8-a3e6-f3678ab38efd","block_type":"box","text":"Retail hardware and software technology company Vusion","page_number":147,"box":{"x":43,"y":191,"width":449,"height":12}},{"id":"f92ff0cd-260f-4459-b480-77e46cddc45e","block_type":"box","text":"suffered from unwarranted concerns over a ‘revenue cliff’","page_number":147,"box":{"x":42,"y":206,"width":450,"height":8}},{"id":"71df1239-bfbb-4c14-b297-db010d8cf083","block_type":"box","text":"once its Walmart contract is fully rolled out, and this led to","page_number":147,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"0398be42-52e0-4085-98bc-21f677ce3b2c","block_type":"box","text":"a major de-rating of its shares. We believe new client wins","page_number":147,"box":{"x":42,"y":234,"width":450,"height":11}},{"id":"b5a5c699-fa25-465e-81ad-edaa194a7027","block_type":"box","text":"could rebut this negative view.","page_number":147,"box":{"x":42,"y":248,"width":222,"height":12}},{"id":"29b7528c-2394-412a-a15b-20530cef09c9","block_type":"box","text":"Transactions","page_number":147,"box":{"x":42,"y":274,"width":108,"height":8}},{"id":"1e3b7321-0670-4442-9073-146796506f7d","block_type":"box","text":"We opened new positions in fertiliser producers CF Industries","page_number":147,"box":{"x":42,"y":288,"width":450,"height":11}},{"id":"6f96c549-fa9f-4750-89dc-60c36c2bad46","block_type":"box","text":"Holdings and Nutrien after the disruption in fertiliser supplies","page_number":147,"box":{"x":43,"y":302,"width":449,"height":11}},{"id":"22b03da6-0edd-4635-b919-81f1cbb5e687","block_type":"box","text":"caused by the US-Iran war. This was a hedge against the","page_number":147,"box":{"x":42,"y":316,"width":450,"height":11}},{"id":"4ebb4b50-7dac-4536-a928-ad541700fe19","block_type":"box","text":"risk of long-term disruption to nitrogen exports from the","page_number":147,"box":{"x":43,"y":330,"width":449,"height":12}},{"id":"a91d3cb6-16e5-4e96-b7d4-63a71f09d181","block_type":"box","text":"Middle East.","page_number":147,"box":{"x":43,"y":345,"width":90,"height":8}},{"id":"b65b8de1-850a-4fbe-aa11-b215713fda43","block_type":"box","text":"We also added Uber Technologies as its platform for providing","page_number":147,"box":{"x":42,"y":370,"width":450,"height":11}},{"id":"b20fca60-f2ad-4b56-ae55-c7c4953717d5","block_type":"box","text":"autonomous electric vehicles should be successful and we","page_number":147,"box":{"x":42,"y":384,"width":450,"height":9}},{"id":"aea7f0d9-98b7-471a-b449-cef46f2e82b8","block_type":"box","text":"like the partnerships it has announced in recent months. We","page_number":147,"box":{"x":43,"y":398,"width":449,"height":11}},{"id":"6a881b3d-1da7-4f87-97a6-843c302611d4","block_type":"box","text":"increased our holding in Vusion, as we think that the market","page_number":147,"box":{"x":43,"y":412,"width":449,"height":12}},{"id":"7b6bd496-421e-43d3-81a5-c8774b76a126","block_type":"box","text":"is too sceptical about its pipeline of new client opportunities","page_number":147,"box":{"x":43,"y":427,"width":449,"height":11}},{"id":"32bdd44a-da24-4769-af71-775551a040c3","block_type":"box","text":"for electronic shelf label technology.","page_number":147,"box":{"x":42,"y":441,"width":264,"height":11}},{"id":"0f4fbbfc-2fc3-4f12-86fe-d12ea57a36a1","block_type":"box","text":"We took some profit from our holding in Bunge Global on the","page_number":147,"box":{"x":42,"y":466,"width":450,"height":11}},{"id":"d3ffbd29-e7a7-46ea-950f-db158fc8b58f","block_type":"box","text":"strength of the cyclical sector in which it operates. We also","page_number":147,"box":{"x":42,"y":480,"width":450,"height":11}},{"id":"9deb027f-ed60-4a70-bf25-2235c1b7147e","block_type":"box","text":"reduced our holding in flavours and fragrances company","page_number":147,"box":{"x":43,"y":494,"width":449,"height":12}},{"id":"a81e7e66-1533-4248-b178-8e5fe54d0fcf","block_type":"box","text":"Givaudan, given slower growth guidance the company","page_number":147,"box":{"x":43,"y":509,"width":449,"height":11}},{"id":"cbd69e75-f579-4ce1-9be0-5301ea6e2c23","block_type":"box","text":"issued for its taste ingredients. We sold some of our holding","page_number":147,"box":{"x":43,"y":523,"width":449,"height":11}},{"id":"8cf70a0c-de67-4684-9261-3c9859f11f35","block_type":"box","text":"in Brazil-based agribusiness SLC Agricola as we think that","page_number":147,"box":{"x":43,"y":537,"width":449,"height":11}},{"id":"2701b311-b09e-41ab-948f-85438efd8c5e","block_type":"box","text":"there is a low likelihood of a simultaneously strong cotton","page_number":147,"box":{"x":42,"y":551,"width":450,"height":12}},{"id":"127faf82-d629-4884-8b38-a4d753140106","block_type":"box","text":"and soybean upcycle in Latin America.","page_number":147,"box":{"x":42,"y":566,"width":285,"height":11}},{"id":"3b767e51-716a-4331-b33b-6bfef3172cb2","block_type":"box","text":"Finally, we reduced our holdings in DSM-Firmenich and","page_number":147,"box":{"x":43,"y":591,"width":449,"height":11}},{"id":"54d11c6e-fd5b-4d1e-84cc-4a46d695826c","block_type":"box","text":"Kerry Group.","page_number":147,"box":{"x":43,"y":605,"width":93,"height":11}},{"id":"93004c64-0570-429d-9bcf-1ea835808c5b","block_type":"box","text":"Outlook","page_number":147,"box":{"x":43,"y":630,"width":67,"height":9}},{"id":"ededc718-6155-4690-865c-249d77f26dd9","block_type":"box","text":"Global equity markets are being shaped by easing oil","page_number":147,"box":{"x":43,"y":644,"width":449,"height":11}},{"id":"12f1386f-541a-4725-860d-28e16d89804a","block_type":"box","text":"supply concerns and major stock market listings by large","page_number":147,"box":{"x":42,"y":658,"width":450,"height":12}},{"id":"0dd24a03-a0d4-4465-a073-5a48b4fd711e","block_type":"box","text":"technology companies. Investor confidence has shown signs","page_number":147,"box":{"x":42,"y":672,"width":450,"height":12}},{"id":"a4fb2b8b-8764-4b71-83a6-4059a22e5ce6","block_type":"box","text":"of returning, though we will keep a close eye on events in the","page_number":147,"box":{"x":42,"y":687,"width":445,"height":11}},{"id":"ded6d20e-9135-4a82-8d3c-df81c3345e1a","block_type":"box","text":"Middle East. The US is experiencing an extraordinary period","page_number":147,"box":{"x":43,"y":701,"width":443,"height":11}},{"id":"926fb2ed-82dc-4152-8ce6-0e2fd7762318","block_type":"box","text":"of capital raising, led by SpaceX's record-breaking IPO","page_number":147,"box":{"x":42,"y":715,"width":445,"height":12}},{"id":"5f7dfba3-9843-4eb4-b0a5-bb0676e429f3","block_type":"box","text":"(initial public offering). However, questions remain about the","page_number":147,"box":{"x":43,"y":730,"width":444,"height":11}},{"id":"5915e3f7-bde4-4445-b9f4-de60a67c906d","block_type":"box","text":"future valuations of these companies and whether markets","page_number":147,"box":{"x":42,"y":744,"width":445,"height":11}},{"id":"eed40144-0ec6-4203-847c-879944bc1834","block_type":"box","text":"can absorb the new supply of shares.","page_number":147,"box":{"x":42,"y":758,"width":277,"height":11}},{"id":"9abc3b29-dbd4-48a2-91d1-6f97379b3af2","block_type":"box","text":"The US-Iran conflict has led to a repricing of fertilisers in the","page_number":147,"box":{"x":42,"y":783,"width":445,"height":11}},{"id":"62d0720b-685e-4d52-af07-a6c4110e4827","block_type":"box","text":"near term. It is too soon to say whether this will result in a","page_number":147,"box":{"x":43,"y":797,"width":444,"height":12}},{"id":"4357b897-a101-46e0-8daa-31189dc22d4d","block_type":"box","text":"multi-year inflationary cycle, as prices can quickly reverse","page_number":147,"box":{"x":43,"y":812,"width":444,"height":11}},{"id":"ccc53d48-4690-4c12-b3ec-04159f9a69b8","block_type":"box","text":"course, but we think geopolitical tension will continue for","page_number":147,"box":{"x":42,"y":826,"width":446,"height":11}},{"id":"d77dcc99-1559-47d9-bea8-9859dee58b8f","block_type":"box","text":"the next few months and are considering whether to hedge","page_number":147,"box":{"x":42,"y":840,"width":450,"height":11}},{"id":"80525abf-1ac0-4ee1-9c43-d767413a99f8","block_type":"box","text":"further against these risks.","page_number":147,"box":{"x":42,"y":854,"width":195,"height":12}},{"id":"98db4db6-568e-4148-b7a0-9c1f8846a5df","block_type":"box","text":"In the food and agriculture value chain, we favour companies","page_number":147,"box":{"x":513,"y":79,"width":449,"height":11}},{"id":"84d5a3ce-b3c6-458f-bbf5-20288e8b268a","block_type":"box","text":"that are generating strong cash flows. Consumer behaviour","page_number":147,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"c1018cd4-1b79-43ba-90be-c013cfc41170","block_type":"box","text":"is increasingly driven by health, wellness and convenience","page_number":147,"box":{"x":513,"y":108,"width":449,"height":11}},{"id":"9abcba22-9e45-4fde-851f-ca10ca58ee99","block_type":"box","text":"as well as value. The agriculture cycle is in a trough and","page_number":147,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"91ad035e-545b-4636-aa20-694cb3e6ff70","block_type":"box","text":"there are no immediate signs of a major upcycle, although","page_number":147,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"5ae3b5c9-7b8e-4290-8f04-eb2a28b4a10b","block_type":"box","text":"we remain aware that geopolitics and climate change could","page_number":147,"box":{"x":512,"y":151,"width":450,"height":11}},{"id":"70147edf-cded-4fdf-aad6-6a6a06e039ac","block_type":"box","text":"help to put these companies back in favour. We think our","page_number":147,"box":{"x":513,"y":165,"width":449,"height":11}},{"id":"4037d29b-2aed-405b-88fd-9f82182f0ff1","block_type":"box","text":"exposure to non-US stocks – where we see more attractive","page_number":147,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"9667fe7b-dcc6-4fb2-aec4-f8df081e3946","block_type":"box","text":"relative valuations and potential for growth surprises – results","page_number":147,"box":{"x":513,"y":193,"width":449,"height":11}},{"id":"24f44d11-de13-490d-8da0-f8ed02949eb1","block_type":"box","text":"in a fund that offers something different from peers.","page_number":147,"box":{"x":513,"y":207,"width":377,"height":12}},{"id":"bb352a7e-caa2-46da-9367-c8491115f00d","block_type":"box","text":"Jeneiv Shah","page_number":147,"box":{"x":512,"y":257,"width":91,"height":9}},{"id":"fe5ef600-b31d-4298-9540-c4c7cf98f422","block_type":"box","text":"Portfolio Manager – Global Equities","page_number":147,"box":{"x":513,"y":272,"width":262,"height":11}},{"id":"25a0dd45-af00-4442-b66c-98865682586e","block_type":"box","text":"Sarasin & Partners LLP","page_number":147,"box":{"x":512,"y":286,"width":174,"height":9}},{"id":"be3b4c65-86fa-452d-be22-b63bc9842681","block_type":"box","text":"28 July 2026","page_number":147,"box":{"x":512,"y":300,"width":94,"height":11}},{"id":"662bca88-ac5c-4501-86d5-f59dce3e0ba8","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":147,"box":{"x":512,"y":335,"width":445,"height":9}},{"id":"9345ca58-3305-49f7-883e-be18fee8ee0c","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":147,"box":{"x":511,"y":346,"width":446,"height":9}},{"id":"d6cc2401-cf60-4050-b1bd-b232fd14ed72","block_type":"box","text":"without notice.","page_number":147,"box":{"x":512,"y":358,"width":84,"height":7}},{"id":"22cd2417-3237-49d3-a30a-361484d527cb","block_type":"box","text":"Top 10 purchases during the period","page_number":147,"box":{"x":512,"y":382,"width":283,"height":11}},{"id":"4e11da4a-0f2c-4e99-b88e-57d1589d734d","block_type":"box","text":"CF Industries Holdings","page_number":147,"box":{"x":512,"y":396,"width":174,"height":11}},{"id":"9864b0e9-5695-4af5-a8f4-fa20e9208d55","block_type":"box","text":"Uber Technologies","page_number":147,"box":{"x":513,"y":409,"width":142,"height":11}},{"id":"c75c9094-63e8-40d8-88f0-230af1f7d257","block_type":"box","text":"Vusion","page_number":147,"box":{"x":512,"y":423,"width":55,"height":8}},{"id":"32b066c6-8ecf-426f-afc4-ffd0c5a4c25c","block_type":"box","text":"Nutrien","page_number":147,"box":{"x":513,"y":436,"width":57,"height":9}},{"id":"ccac9441-c226-454a-9c92-094dafc290dc","block_type":"box","text":"Wingstop","page_number":147,"box":{"x":512,"y":449,"width":74,"height":11}},{"id":"e0a2de1a-9ad9-4600-af8c-2518b9617100","block_type":"box","text":"Bunge Global","page_number":147,"box":{"x":513,"y":463,"width":105,"height":11}},{"id":"bf5114db-6e2b-4e3d-a1ff-ad15e325e6d8","block_type":"box","text":"Freshpet","page_number":147,"box":{"x":513,"y":476,"width":70,"height":11}},{"id":"8a7607f8-2f43-406c-82a0-d660316b0f56","block_type":"box","text":"Chipotle Mexican Grill","page_number":147,"box":{"x":512,"y":489,"width":168,"height":12}},{"id":"d2c2cded-d0c4-42f0-89b2-4de73391b9b9","block_type":"box","text":"BellRing Brands","page_number":147,"box":{"x":513,"y":503,"width":124,"height":11}},{"id":"e3793327-add8-444e-b47a-de5e321e21f0","block_type":"box","text":"Aramark","page_number":147,"box":{"x":512,"y":516,"width":68,"height":9}},{"id":"906c0a2c-cdca-44e2-818e-ebd44ced71f6","block_type":"box","text":"Top 10 sales during the period","page_number":147,"box":{"x":512,"y":535,"width":241,"height":11}},{"id":"6ccde218-6258-473d-9419-1ed4732efc8e","block_type":"box","text":"Givaudan","page_number":147,"box":{"x":512,"y":549,"width":76,"height":9}},{"id":"eb583bef-cbac-459e-b48a-b6a7bd8f70dc","block_type":"box","text":"Bunge Global","page_number":147,"box":{"x":513,"y":562,"width":105,"height":11}},{"id":"dd699256-9970-46d6-b7bc-fb1d602f0814","block_type":"box","text":"DSM-Firmenich","page_number":147,"box":{"x":513,"y":575,"width":120,"height":9}},{"id":"09352e18-1bf6-4f24-896d-f785dfcdd2c9","block_type":"box","text":"Kerry Group","page_number":147,"box":{"x":513,"y":589,"width":95,"height":11}},{"id":"bbf19e48-1f60-431b-b785-bc54001e08b4","block_type":"box","text":"Novonesis (Novozymes) B","page_number":147,"box":{"x":513,"y":602,"width":201,"height":11}},{"id":"767a0dbc-b0af-43fc-ba91-a134b38c6a54","block_type":"box","text":"Shoprite Holdings","page_number":147,"box":{"x":512,"y":616,"width":137,"height":11}},{"id":"d607e2f4-088c-4fd2-b57b-a7432df338ec","block_type":"box","text":"Cranswick","page_number":147,"box":{"x":512,"y":629,"width":82,"height":9}},{"id":"f9e9729f-45a2-4e20-87b6-df0dba5886af","block_type":"box","text":"Aramark","page_number":147,"box":{"x":512,"y":643,"width":68,"height":8}},{"id":"31a2f7bc-3921-4c89-8ec3-f68b46e03535","block_type":"box","text":"SLC Agricola","page_number":147,"box":{"x":512,"y":656,"width":101,"height":11}},{"id":"240d1e2b-9935-458b-8c90-aca34a05be73","block_type":"box","text":"Deere & Company","page_number":147,"box":{"x":513,"y":669,"width":141,"height":11}},{"id":"71c51eaa-5ef0-4b0e-8d30-6367cba259e5","block_type":"box","text":"Investment Review (continued)","page_number":147,"box":{"x":43,"y":79,"width":306,"height":14}},{"id":"39602188-ba32-4b43-9614-067d44e8aff4","block_type":"box","text":"Negatives (continued)","page_number":147,"box":{"x":43,"y":95,"width":178,"height":11}},{"id":"a14dc803-1bd9-42a4-a6bd-4644d1af87a8","block_type":"box","text":"147","page_number":148,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"23aed5cd-23d0-4cff-bce0-f0b0973a5bb3","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":148,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"6fb09ea3-3a3e-4d61-9071-e65d583f718e","block_type":"box","text":"Sub-fund Information","page_number":148,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"3b17566a-cf2a-4a7d-b5b8-9c1505caaca7","block_type":"box","text":"Risk and Reward Profile","page_number":148,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"b58f6e37-9576-4b67-9c9d-3fe6fdc156a5","block_type":"box","text":"0","page_number":148,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"46f1626c-6e52-4d7e-a546-c75231c5722b","block_type":"box","text":"Lower2","page_number":148,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"e5903a53-4ecb-475f-8179-8be9420d6433","block_type":"box","text":"er2","page_number":148,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"7250aef9-b4f9-40a8-8924-f049f271d3ba","block_type":"box","text":"risk","page_number":148,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"29633893-c9c9-49c0-8c68-f2352b406ac4","block_type":"box","text":"Higher","page_number":148,"box":{"x":887,"y":145,"width":42,"height":8}},{"id":"d497a2b6-3cc0-4cf4-bca5-1ab80f42841e","block_type":"box","text":"risk","page_number":148,"box":{"x":934,"y":145,"width":23,"height":6}},{"id":"2453565a-3b75-4554-a08e-a396a6287e08","block_type":"box","text":"Typically","page_number":148,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"630c26e7-4dc9-40e9-bcee-e9a371417f2b","block_type":"box","text":"lower rewards","page_number":148,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"c84b43f1-368a-4a42-b7d0-70d23b0bc958","block_type":"box","text":"Typically","page_number":148,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"bd20bfa9-3cf7-4bb7-92f0-32e9b6fd6af4","block_type":"box","text":"higher rewards","page_number":148,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"1aa73bcc-16ab-423a-99a8-5d393a9f2ba0","block_type":"box","text":"1","page_number":148,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"a5f6db81-7361-49ae-bae4-18d324fd787a","block_type":"box","text":"2","page_number":148,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"5bb01229-35ac-497c-af7b-d4756daa89e8","block_type":"box","text":"3","page_number":148,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"727d19a5-124a-4755-bbe7-de5c79293b7b","block_type":"box","text":"4","page_number":148,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"a6109826-bdef-448f-9527-f3c1239b9473","block_type":"box","text":"5","page_number":148,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"22290183-8b81-436c-abbe-e4250f8868bf","block_type":"box","text":"6","page_number":148,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"36bfaf9d-29be-4b54-a606-2c31458db8f7","block_type":"box","text":"7","page_number":148,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"f71905da-14c5-42b3-b9ac-7e487362a102","block_type":"box","text":"•","page_number":148,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"e723f35f-bd02-488f-9f58-6b7b6cbf012a","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":148,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"eba70ea8-a1eb-4014-8849-5677b438f235","block_type":"box","text":"•","page_number":148,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"afd3d707-1ce7-4d55-92a0-186f59fd4ad4","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":148,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"5012c32c-6c80-414c-bba8-9e693552ab5c","block_type":"box","text":"•","page_number":148,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"b93b6db9-b15f-4901-b4b9-0835114554e8","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":148,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"4ae31604-df7a-4117-adb3-becb3fa2fc4e","block_type":"box","text":"The Risk and Reward Indicator","page_number":148,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"d40f7a07-2fbc-4c54-8f09-5528790c4eec","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":148,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"5a837757-4a37-42a8-977c-bac4153c2e2e","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":148,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"6057716c-cfee-4214-9c13-63cb9ec7878c","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":148,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"1af624a4-f8f7-4a97-b7f8-361201e7c529","block_type":"box","text":"but the greater the risk of losing money.","page_number":148,"box":{"x":43,"y":320,"width":297,"height":11}},{"id":"dc33653a-7b29-4b12-91ec-6b1af738b006","block_type":"box","text":"The sub-fund is ranked at 5, reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":148,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"5ab5958c-6898-4432-9a6b-683fd8b8bd0e","block_type":"box","text":"higher levels of volatility historically.","page_number":148,"box":{"x":43,"y":359,"width":267,"height":11}},{"id":"651f9101-c541-4ced-8a86-18b1d4bb70da","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":148,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"ccd04501-dd2d-47c5-9656-a52c9dedc592","block_type":"box","text":"Concentration Risk:","page_number":148,"box":{"x":43,"y":398,"width":159,"height":9}},{"id":"740fc586-e0d4-4e6e-991e-2a8caffb0a51","block_type":"box","text":"The sub-fund holds a small number of investments, and therefore a decline in the value of a single","page_number":148,"box":{"x":203,"y":398,"width":759,"height":11}},{"id":"362229d9-fef6-4357-89b7-4854489a877a","block_type":"box","text":"investment may have a greater impact than if it held a larger number of investments.","page_number":148,"box":{"x":43,"y":412,"width":623,"height":12}},{"id":"257d7c6d-3958-4f43-bbb9-ec2bb0778666","block_type":"box","text":"Emerging Market Risk:","page_number":148,"box":{"x":43,"y":437,"width":186,"height":11}},{"id":"8b82a86c-1398-4e9a-be0c-1fef15e0d457","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":148,"box":{"x":229,"y":437,"width":733,"height":11}},{"id":"ccd99740-1ed0-49d8-94fa-38427a2245de","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":148,"box":{"x":43,"y":451,"width":919,"height":12}},{"id":"383f2561-fb64-4f1a-a5ac-315aed37ebbc","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":148,"box":{"x":42,"y":466,"width":777,"height":11}},{"id":"4f1fdadb-2e7e-4ba8-b016-8ea61d320a83","block_type":"box","text":"Small Cap Equities Risk:","page_number":148,"box":{"x":43,"y":491,"width":193,"height":11}},{"id":"a5b3999b-862b-45f5-a295-d71d58b78460","block_type":"box","text":"Shares of smaller companies can be riskier, as they may be more difficult to buy and sell, and their","page_number":148,"box":{"x":236,"y":491,"width":726,"height":11}},{"id":"987e9acb-abb0-41a2-815e-4d295246357e","block_type":"box","text":"prices may fluctuate more than those of larger companies.","page_number":148,"box":{"x":43,"y":505,"width":430,"height":11}},{"id":"7b9daa65-d821-47b9-9202-622751e71d4c","block_type":"box","text":"Operational Risk:","page_number":148,"box":{"x":43,"y":530,"width":138,"height":11}},{"id":"ccf95727-5d4d-43df-a86d-1f40e0a3ee16","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":148,"box":{"x":181,"y":530,"width":781,"height":11}},{"id":"7a5162f6-bdd1-4df6-b784-063d74bd4de3","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":148,"box":{"x":43,"y":544,"width":894,"height":11}},{"id":"aaf4b8dd-b519-4f5a-b43e-0058226ab18e","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":148,"box":{"x":43,"y":569,"width":275,"height":11}},{"id":"ef92f88a-9ebd-4180-99a9-1c004781543f","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":148,"box":{"x":318,"y":569,"width":644,"height":11}},{"id":"19ada84a-68d4-45df-81ef-a61bdab03ac6","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":148,"box":{"x":43,"y":583,"width":423,"height":12}},{"id":"40bdc77c-7ec7-40ec-99fb-8f5d5e1a9e95","block_type":"box","text":"Charges deducted from capital:","page_number":148,"box":{"x":43,"y":608,"width":257,"height":12}},{"id":"81587ffc-b1e5-485a-a06a-72cb050c3feb","block_type":"box","text":"The sub-fund has charges deducted from capital, which may reduce the potential for","page_number":148,"box":{"x":300,"y":608,"width":662,"height":12}},{"id":"07b818df-b981-47bc-bc8b-bcdf73994652","block_type":"box","text":"growth.","page_number":148,"box":{"x":42,"y":623,"width":53,"height":11}},{"id":"5e165bf2-1a16-43d5-bee8-b0d39fbd1467","block_type":"box","text":"148","page_number":149,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"08a8fee2-34d5-4d29-bf9d-f00ce45038d8","block_type":"box","text":"149","page_number":149,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"2ec46cbf-f800-4cb6-9864-e67449f859dd","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":149,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"3dda18cd-f026-44e2-9771-b9a448cb8d73","block_type":"box","text":"Portfolio Statement","page_number":149,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"23f09fda-ea59-439a-823b-832d14a2f288","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":149,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"55bee7d3-0727-4169-bf90-b64fece6d01d","block_type":"box","text":"Holding","page_number":149,"box":{"x":147,"y":147,"width":48,"height":9}},{"id":"5614640d-4d15-418d-8477-c7bf8097f029","block_type":"box","text":"Investment","page_number":149,"box":{"x":230,"y":147,"width":70,"height":7}},{"id":"483d0dce-470a-4cd6-bd5f-5964e6641a7b","block_type":"box","text":"M","page_number":149,"box":{"x":758,"y":124,"width":9,"height":7}},{"id":"4c667213-8077-4d4b-b081-2f272217c4d9","block_type":"box","text":"arket","page_number":149,"box":{"x":769,"y":124,"width":31,"height":7}},{"id":"7e371068-e66c-46fa-860f-e7588b090f46","block_type":"box","text":"Value","page_number":149,"box":{"x":765,"y":136,"width":35,"height":7}},{"id":"891a5926-a7ec-43de-b42f-3803854785b7","block_type":"box","text":"£","page_number":149,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"3b094c8d-6f19-4b95-b6cf-d62d38f19976","block_type":"box","text":"% of","page_number":149,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"3c7420cf-5b32-423c-a8e7-10ba4e936ef3","block_type":"box","text":"Net Assets","page_number":149,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"89e6ef48-cc2b-441b-bd23-cd966acd87de","block_type":"box","text":"Digitalisation","page_number":149,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"a638547c-9866-48e6-9e9a-23309a2c27e7","block_type":"box","text":"9.77% (31 December 2025 - 3.54%)","page_number":149,"box":{"x":147,"y":179,"width":277,"height":11}},{"id":"e0c82a43-0129-44ba-9d61-a281a88a4c3b","block_type":"box","text":"35,000","page_number":149,"box":{"x":145,"y":198,"width":50,"height":10}},{"id":"57efefce-4d69-4deb-9169-ff85acbb7d9b","block_type":"box","text":"Uber Technologies","page_number":149,"box":{"x":230,"y":198,"width":137,"height":11}},{"id":"8b78b6cc-1813-42d9-bce8-b7b4bbdf79e7","block_type":"box","text":"1,949,991","page_number":149,"box":{"x":727,"y":198,"width":70,"height":10}},{"id":"0eb8eafa-8c3c-4a0e-9432-9f216c9bf1db","block_type":"box","text":"4.97","page_number":149,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"ba2255dc-99a7-45e1-b5b8-1f0b5ab57908","block_type":"box","text":"16,000","page_number":149,"box":{"x":146,"y":213,"width":49,"height":10}},{"id":"8af2b378-2f4d-4f87-920c-655233bb09d3","block_type":"box","text":"Vusion","page_number":149,"box":{"x":229,"y":213,"width":49,"height":9}},{"id":"7602574e-05a9-484e-86d1-9f7391242f12","block_type":"box","text":"1,885,967","page_number":149,"box":{"x":727,"y":213,"width":72,"height":10}},{"id":"ece23a3f-3af2-4372-bc57-8251adf836df","block_type":"box","text":"4.80","page_number":149,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"212ea2ff-ac60-4a16-a29f-44086c9f8025","block_type":"box","text":"3,835,958","page_number":149,"box":{"x":726,"y":231,"width":73,"height":11}},{"id":"665d2c4b-1e53-4c6a-8c7b-9259dd60aa97","block_type":"box","text":"9.77","page_number":149,"box":{"x":925,"y":231,"width":31,"height":9}},{"id":"4047c41c-084d-4447-b12d-2da6255ad66d","block_type":"box","text":"Automation","page_number":149,"box":{"x":42,"y":262,"width":92,"height":9}},{"id":"10c179ce-77e1-4d23-8af0-e1e92e79716e","block_type":"box","text":"1.95% (31 December 2025 - 1.66%)","page_number":149,"box":{"x":135,"y":262,"width":276,"height":11}},{"id":"5d1f24e6-e2d6-4aa8-8094-081b2ddadf43","block_type":"box","text":"14,100","page_number":149,"box":{"x":146,"y":281,"width":49,"height":10}},{"id":"7139cc52-4ffe-43ba-a4b8-fe2dcea6664f","block_type":"box","text":"GEA","page_number":149,"box":{"x":230,"y":281,"width":34,"height":9}},{"id":"7cf4bee7-95ff-4bce-8684-d10407ae49be","block_type":"box","text":"766,988","page_number":149,"box":{"x":740,"y":281,"width":59,"height":10}},{"id":"4c11b6f6-8b1f-47be-bac2-e13a509dea6b","block_type":"box","text":"1.95","page_number":149,"box":{"x":926,"y":281,"width":31,"height":9}},{"id":"fc80d02c-0101-4176-97f1-a1b7747a569c","block_type":"box","text":"766,988","page_number":149,"box":{"x":740,"y":299,"width":59,"height":10}},{"id":"8c146b7e-0333-44e7-9ea7-0fd5b38f9cfa","block_type":"box","text":"1.95","page_number":149,"box":{"x":926,"y":299,"width":31,"height":8}},{"id":"71850cd1-7172-4dab-9b54-e664d0ed0c06","block_type":"box","text":"Ageing","page_number":149,"box":{"x":42,"y":330,"width":56,"height":11}},{"id":"3cd7cd5a-c2b6-4d37-894c-a695831f792d","block_type":"box","text":"2.31% (31 December 2025 - 2.27%)","page_number":149,"box":{"x":99,"y":330,"width":276,"height":11}},{"id":"66120a6c-0fe9-40a6-8718-6ca41bad3d51","block_type":"box","text":"1,000","page_number":149,"box":{"x":155,"y":348,"width":40,"height":11}},{"id":"03749525-a275-4672-90dc-f7e37cb887a4","block_type":"box","text":"Eli Lilly & Company","page_number":149,"box":{"x":230,"y":348,"width":143,"height":12}},{"id":"f313f40a-6b9e-4893-bbe9-f5229c16eebf","block_type":"box","text":"906,217","page_number":149,"box":{"x":740,"y":348,"width":59,"height":11}},{"id":"033536e2-d5f9-4ed9-8d69-13c52f73d200","block_type":"box","text":"2.31","page_number":149,"box":{"x":925,"y":348,"width":29,"height":9}},{"id":"3471f013-71a2-498e-9057-42e6fe0b97ea","block_type":"box","text":"906,217","page_number":149,"box":{"x":740,"y":366,"width":59,"height":11}},{"id":"7a7ad4ca-bfd9-49f0-b113-88f448aa0876","block_type":"box","text":"2.31","page_number":149,"box":{"x":925,"y":366,"width":29,"height":9}},{"id":"da4528db-79af-41b5-afdd-fbe292c34862","block_type":"box","text":"Evolving Consumption","page_number":149,"box":{"x":43,"y":397,"width":181,"height":11}},{"id":"297295b6-af66-4a91-a5b5-d09b72dad27c","block_type":"box","text":"64.86% (31 December 2025 - 74.36%)","page_number":149,"box":{"x":225,"y":397,"width":295,"height":11}},{"id":"54776fc7-1e61-4185-97d6-6b661a905b3e","block_type":"box","text":"40,000","page_number":149,"box":{"x":144,"y":416,"width":51,"height":10}},{"id":"999ef064-cf6b-4c0c-a5b7-1671c8f5e365","block_type":"box","text":"Aramark","page_number":149,"box":{"x":229,"y":416,"width":63,"height":9}},{"id":"3ccf8719-9e85-4df8-822f-e1051f6a7770","block_type":"box","text":"1,685,944","page_number":149,"box":{"x":727,"y":416,"width":72,"height":10}},{"id":"3dcf5411-a2d0-41ab-a6a8-ab9acc2dd0f6","block_type":"box","text":"4.29","page_number":149,"box":{"x":925,"y":416,"width":31,"height":9}},{"id":"4ca5ef4c-886d-4497-9b77-51bed8e3ac68","block_type":"box","text":"57,000","page_number":149,"box":{"x":145,"y":431,"width":50,"height":11}},{"id":"19dd2d16-e6a1-49d6-a36c-d7db245395e0","block_type":"box","text":"BellRing Brands","page_number":149,"box":{"x":230,"y":432,"width":119,"height":11}},{"id":"778c186b-7946-4028-accc-5a0b1cdff7c3","block_type":"box","text":"591,443","page_number":149,"box":{"x":740,"y":431,"width":59,"height":11}},{"id":"87163f43-6ca2-4c2f-b962-e366b6cf3ea3","block_type":"box","text":"1.51","page_number":149,"box":{"x":926,"y":432,"width":28,"height":8}},{"id":"a63ad812-bc2e-4ad0-886d-be31e4dbb840","block_type":"box","text":"12,500","page_number":149,"box":{"x":146,"y":447,"width":49,"height":10}},{"id":"40d91f62-8c9d-4b00-9ba0-57aae022b10c","block_type":"box","text":"Britannia Industries","page_number":149,"box":{"x":230,"y":447,"width":142,"height":9}},{"id":"85e655c5-f5a7-4f49-81a3-9204f58677d9","block_type":"box","text":"528,154","page_number":149,"box":{"x":740,"y":447,"width":59,"height":10}},{"id":"1fba60b8-28c7-42d9-a4d3-dc63d6a501b0","block_type":"box","text":"1.34","page_number":149,"box":{"x":926,"y":447,"width":30,"height":9}},{"id":"d848e4ac-233e-468c-8f83-9d8c8baed0fa","block_type":"box","text":"52,000","page_number":149,"box":{"x":145,"y":462,"width":50,"height":10}},{"id":"a264f1d7-dba0-4c6d-9292-03f3513f072a","block_type":"box","text":"Chipotle Mexican Grill","page_number":149,"box":{"x":230,"y":462,"width":161,"height":11}},{"id":"f97dfcec-1640-42bb-a2ad-55588d72b41d","block_type":"box","text":"1,377,323","page_number":149,"box":{"x":727,"y":462,"width":72,"height":10}},{"id":"f396efd8-482e-4fe1-aed5-ce22bc209543","block_type":"box","text":"3.51","page_number":149,"box":{"x":925,"y":462,"width":29,"height":9}},{"id":"3fd6ff21-646c-42d5-b2e9-40d8fe0d191b","block_type":"box","text":"85,000","page_number":149,"box":{"x":145,"y":477,"width":50,"height":11}},{"id":"c38a2231-aba8-4ee4-baa7-3e5e1a1d5851","block_type":"box","text":"Compass Group","page_number":149,"box":{"x":230,"y":477,"width":120,"height":11}},{"id":"a18c2437-9cf7-43e8-a3c6-b25880a2ab98","block_type":"box","text":"2,081,490","page_number":149,"box":{"x":726,"y":477,"width":73,"height":11}},{"id":"df340b85-1ef8-406b-809e-41219ea8be19","block_type":"box","text":"5.30","page_number":149,"box":{"x":925,"y":477,"width":31,"height":9}},{"id":"cb008e57-9ca9-468d-9fdb-0de4d6db2635","block_type":"box","text":"1,600","page_number":149,"box":{"x":155,"y":493,"width":40,"height":10}},{"id":"74b52309-aa63-4ecc-a5e1-fd92bbe3be67","block_type":"box","text":"Costco Wholesale","page_number":149,"box":{"x":230,"y":493,"width":134,"height":9}},{"id":"b2565bda-23c0-4ea2-896a-1cb8ec03aab7","block_type":"box","text":"1,139,135","page_number":149,"box":{"x":727,"y":493,"width":72,"height":10}},{"id":"ad253fe6-ca37-41a5-8dc4-9d79332c6219","block_type":"box","text":"2.90","page_number":149,"box":{"x":925,"y":493,"width":31,"height":9}},{"id":"8fd12b6e-8935-4271-99c5-46324d8ef4c9","block_type":"box","text":"37,000","page_number":149,"box":{"x":145,"y":508,"width":50,"height":11}},{"id":"d84de2d2-e608-430b-a70e-d8a6d4d5d9c3","block_type":"box","text":"Cranswick","page_number":149,"box":{"x":230,"y":508,"width":76,"height":9}},{"id":"06f2da94-eebc-4e41-885b-513a7c23f36a","block_type":"box","text":"2,083,100","page_number":149,"box":{"x":726,"y":508,"width":73,"height":11}},{"id":"1bf8a37f-9584-44ab-9bcb-7495746de8eb","block_type":"box","text":"5.30","page_number":149,"box":{"x":925,"y":508,"width":31,"height":9}},{"id":"b12c77d0-f4c0-4f18-ae47-228b93acc324","block_type":"box","text":"35,000","page_number":149,"box":{"x":145,"y":524,"width":50,"height":10}},{"id":"d073648c-c839-4de5-852f-894582857d09","block_type":"box","text":"Delivery Hero","page_number":149,"box":{"x":230,"y":524,"width":100,"height":11}},{"id":"c862b93f-cf97-4e82-af73-86f4a163baae","block_type":"box","text":"1,106,344","page_number":149,"box":{"x":727,"y":524,"width":72,"height":10}},{"id":"7f79ca39-c7f9-4ebe-996d-b9971fa5781b","block_type":"box","text":"2.82","page_number":149,"box":{"x":925,"y":524,"width":31,"height":8}},{"id":"7f4a927a-9ee5-4141-95a4-4189bbc13a3d","block_type":"box","text":"11,750","page_number":149,"box":{"x":147,"y":539,"width":48,"height":10}},{"id":"e2329286-d4ed-4e85-a4e5-99796aac1ea4","block_type":"box","text":"DSM-Firmenich","page_number":149,"box":{"x":230,"y":539,"width":114,"height":9}},{"id":"5c8741f4-16a5-45e3-87ba-1bbe0c5bc165","block_type":"box","text":"855,564","page_number":149,"box":{"x":740,"y":539,"width":59,"height":10}},{"id":"b19cc9a5-634c-4fc8-a954-235e49c65509","block_type":"box","text":"2.18","page_number":149,"box":{"x":925,"y":539,"width":31,"height":9}},{"id":"e101f263-e223-42e5-b7a9-d6d9d0c74616","block_type":"box","text":"10,000","page_number":149,"box":{"x":146,"y":554,"width":49,"height":11}},{"id":"f7826705-2bd1-4f27-a32f-70a2017e7a42","block_type":"box","text":"Fomento Economico Mexicano ADR","page_number":149,"box":{"x":230,"y":554,"width":268,"height":9}},{"id":"a559c4a4-e8f1-430a-a514-33b0d51317d5","block_type":"box","text":"966,798","page_number":149,"box":{"x":740,"y":554,"width":59,"height":11}},{"id":"37ec6c3a-329d-4fb8-9dca-6887b3bf4127","block_type":"box","text":"2.46","page_number":149,"box":{"x":925,"y":554,"width":31,"height":9}},{"id":"88bd989d-f836-4e62-946b-7080dcb480ed","block_type":"box","text":"28,500","page_number":149,"box":{"x":145,"y":570,"width":50,"height":10}},{"id":"928eb57e-1e32-4a9c-8338-df3588f14c52","block_type":"box","text":"Freshpet","page_number":149,"box":{"x":230,"y":570,"width":65,"height":11}},{"id":"130416ea-f9c4-4798-aad7-8f36cba72a2d","block_type":"box","text":"1,202,302","page_number":149,"box":{"x":727,"y":570,"width":72,"height":10}},{"id":"c77d6196-900d-4522-85f2-2fb973de0cb0","block_type":"box","text":"3.06","page_number":149,"box":{"x":925,"y":570,"width":31,"height":8}},{"id":"ae45e063-d8e9-4840-a62a-a2ee30ca6420","block_type":"box","text":"285","page_number":149,"box":{"x":168,"y":585,"width":27,"height":9}},{"id":"c0b67bd6-b1ee-478f-9693-4b4a01a53035","block_type":"box","text":"Givaudan","page_number":149,"box":{"x":230,"y":585,"width":70,"height":9}},{"id":"a7465571-cad2-4315-ac7d-61a61bf85f98","block_type":"box","text":"931,165","page_number":149,"box":{"x":740,"y":585,"width":59,"height":10}},{"id":"244bd1b6-724b-45e4-990a-5d5e8e9e9ba9","block_type":"box","text":"2.37","page_number":149,"box":{"x":925,"y":585,"width":31,"height":9}},{"id":"b6f15bc9-6982-4d3a-af8a-69135c725788","block_type":"box","text":"60,000","page_number":149,"box":{"x":145,"y":600,"width":50,"height":11}},{"id":"c5ce51fb-d848-401c-9c0e-ae7e3934775e","block_type":"box","text":"Gruma","page_number":149,"box":{"x":230,"y":600,"width":50,"height":9}},{"id":"e0ba8d90-64d2-4f12-983e-13deb955a1ef","block_type":"box","text":"717,169","page_number":149,"box":{"x":740,"y":600,"width":59,"height":11}},{"id":"0eb3eaf4-1043-4370-beb6-1ad42d89ec54","block_type":"box","text":"1.83","page_number":149,"box":{"x":926,"y":600,"width":30,"height":9}},{"id":"e3725302-dc20-4ca6-959c-1fbb2066d79d","block_type":"box","text":"13,500","page_number":149,"box":{"x":146,"y":616,"width":49,"height":10}},{"id":"c4bc9806-b1f1-43ec-8f47-a7052b8b4ba5","block_type":"box","text":"Kerry Group","page_number":149,"box":{"x":230,"y":616,"width":90,"height":11}},{"id":"2b0e09a7-5d60-4da8-8e65-1464661e3ea5","block_type":"box","text":"970,267","page_number":149,"box":{"x":740,"y":616,"width":59,"height":10}},{"id":"b3bcca18-7e63-4516-8b56-b531513bbdd7","block_type":"box","text":"2.47","page_number":149,"box":{"x":925,"y":616,"width":31,"height":8}},{"id":"15f09bb8-cbc0-484f-9e7c-c1e5f4b250fc","block_type":"box","text":"14,000","page_number":149,"box":{"x":146,"y":631,"width":49,"height":10}},{"id":"ba31f6df-3dc7-43c0-8c54-8ecae47cba3c","block_type":"box","text":"Mondelez International","page_number":149,"box":{"x":230,"y":631,"width":168,"height":9}},{"id":"3ec788d4-5f28-4164-8b4a-c5d7a56e6952","block_type":"box","text":"637,979","page_number":149,"box":{"x":740,"y":631,"width":59,"height":10}},{"id":"d8fbcf99-9ecf-49ac-aecf-fbdec4f1c31f","block_type":"box","text":"1.62","page_number":149,"box":{"x":926,"y":631,"width":30,"height":9}},{"id":"c13fcfb4-e2c3-4cb0-82cb-60a022df24a2","block_type":"box","text":"73,000","page_number":149,"box":{"x":145,"y":646,"width":50,"height":11}},{"id":"d1ab1a97-7fb5-4a48-b4b2-26deb8173bf0","block_type":"box","text":"Mowi","page_number":149,"box":{"x":230,"y":647,"width":37,"height":8}},{"id":"d11674ba-261f-4330-a960-799fff0a4841","block_type":"box","text":"1,043,492","page_number":149,"box":{"x":727,"y":646,"width":72,"height":11}},{"id":"f0b387b7-426f-43e4-b2a4-32fede1bd5bf","block_type":"box","text":"2.66","page_number":149,"box":{"x":925,"y":646,"width":31,"height":9}},{"id":"a7008ac2-bdae-4911-a87b-f60ed557092f","block_type":"box","text":"31,500","page_number":149,"box":{"x":145,"y":662,"width":50,"height":10}},{"id":"c966a8b6-b478-4648-9031-cee62da1f1aa","block_type":"box","text":"Novonesis (Novozymes) B","page_number":149,"box":{"x":230,"y":662,"width":196,"height":11}},{"id":"acaad97d-d51b-4936-860a-62805af571cf","block_type":"box","text":"1,537,855","page_number":149,"box":{"x":727,"y":662,"width":72,"height":10}},{"id":"e5f76f67-e113-411f-8ddf-4664ca590193","block_type":"box","text":"3.92","page_number":149,"box":{"x":925,"y":662,"width":31,"height":9}},{"id":"fdbb5353-fe3d-4824-b161-0984aec7e4f3","block_type":"box","text":"120,000","page_number":149,"box":{"x":137,"y":677,"width":58,"height":11}},{"id":"1fcc3fab-b031-406a-adda-72b7b97b7c2e","block_type":"box","text":"Shoprite Holdings","page_number":149,"box":{"x":230,"y":677,"width":131,"height":11}},{"id":"ae8cfd6f-0f73-475e-b5e9-e36a955f4917","block_type":"box","text":"1,617,623","page_number":149,"box":{"x":727,"y":677,"width":72,"height":11}},{"id":"155fea50-65de-4ff8-99f6-0b95936173f0","block_type":"box","text":"4.12","page_number":149,"box":{"x":925,"y":677,"width":31,"height":9}},{"id":"c004092a-549c-4a2a-85b6-95a4b88f7c23","block_type":"box","text":"650,000","page_number":149,"box":{"x":136,"y":693,"width":59,"height":10}},{"id":"719b8d43-ce51-47e7-aff9-5c03d0e343bd","block_type":"box","text":"SSP Group","page_number":149,"box":{"x":230,"y":692,"width":83,"height":12}},{"id":"6c3cd662-ba26-41bd-861b-f0bb5f005c0f","block_type":"box","text":"1,251,900","page_number":149,"box":{"x":727,"y":693,"width":72,"height":10}},{"id":"5c0a16f8-820d-45dd-af6b-2ce6d0f2a656","block_type":"box","text":"3.19","page_number":149,"box":{"x":925,"y":693,"width":31,"height":8}},{"id":"f08e7127-283d-404c-9653-0e05a2f4b7c2","block_type":"box","text":"170,000","page_number":149,"box":{"x":137,"y":708,"width":58,"height":10}},{"id":"35bc0eba-45b6-4804-abaa-785b2176fbda","block_type":"box","text":"Varun Beverages","page_number":149,"box":{"x":229,"y":708,"width":128,"height":11}},{"id":"d8eb0f5f-709c-4c32-90d3-602f4d052341","block_type":"box","text":"689,355","page_number":149,"box":{"x":740,"y":708,"width":59,"height":10}},{"id":"eb36a892-ecb3-4a02-9cd6-e132467d1789","block_type":"box","text":"1.75","page_number":149,"box":{"x":926,"y":708,"width":31,"height":9}},{"id":"2df2c23e-cac6-422a-bbd4-7eb3a3e6c637","block_type":"box","text":"7,475","page_number":149,"box":{"x":154,"y":723,"width":41,"height":11}},{"id":"d59ef83d-da70-4350-bec8-428ee74c0297","block_type":"box","text":"Walmart","page_number":149,"box":{"x":229,"y":723,"width":62,"height":9}},{"id":"84db9621-e467-49e9-8fef-ce5c62130fd6","block_type":"box","text":"625,141","page_number":149,"box":{"x":740,"y":723,"width":57,"height":11}},{"id":"c65477c3-02f2-41c9-99b9-fef006eb1a2b","block_type":"box","text":"1.59","page_number":149,"box":{"x":926,"y":723,"width":30,"height":9}},{"id":"c4740aa6-2b8f-4fe5-b48e-a9d900ffb722","block_type":"box","text":"10,000","page_number":149,"box":{"x":146,"y":739,"width":49,"height":10}},{"id":"5c8f6387-2e98-44ce-8029-dc820c16685b","block_type":"box","text":"Wingstop","page_number":149,"box":{"x":229,"y":739,"width":69,"height":11}},{"id":"de19e20b-4643-44df-a573-ee39c0a59a80","block_type":"box","text":"1,332,734","page_number":149,"box":{"x":727,"y":739,"width":72,"height":10}},{"id":"ed6075e3-033d-4256-bf1b-cbc7a02bf588","block_type":"box","text":"3.39","page_number":149,"box":{"x":925,"y":739,"width":31,"height":8}},{"id":"85a778fc-9959-423e-9072-449c7091f5bb","block_type":"box","text":"9,000","page_number":149,"box":{"x":154,"y":754,"width":41,"height":10}},{"id":"ead1102c-d9f5-4b87-ad20-27ff7ae03986","block_type":"box","text":"Zoetis","page_number":149,"box":{"x":229,"y":754,"width":45,"height":9}},{"id":"97cc8a4a-5d74-4b53-9e39-94d34cf0db0f","block_type":"box","text":"503,717","page_number":149,"box":{"x":740,"y":754,"width":59,"height":10}},{"id":"6b9b7ce7-5b0f-49bf-86e4-2f84fe0fe02d","block_type":"box","text":"1.28","page_number":149,"box":{"x":926,"y":754,"width":30,"height":9}},{"id":"ae191466-e50c-4898-a910-6d47e67c3676","block_type":"box","text":"25,475,994","page_number":149,"box":{"x":717,"y":772,"width":83,"height":10}},{"id":"bb440854-69fc-4c65-8cde-0b68fb24c72b","block_type":"box","text":"64.86","page_number":149,"box":{"x":916,"y":772,"width":41,"height":9}},{"id":"d376fed9-4383-43fc-a513-d321cef876ca","block_type":"box","text":"Security","page_number":149,"box":{"x":42,"y":803,"width":66,"height":11}},{"id":"98c01cd6-7735-482f-a5d6-dca7254a097a","block_type":"box","text":"14.25% (31 December 2025 - 11.00%)","page_number":149,"box":{"x":114,"y":803,"width":288,"height":11}},{"id":"1356e7ab-b39b-4d60-9d1f-fac5c84bf755","block_type":"box","text":"8,425","page_number":149,"box":{"x":154,"y":822,"width":41,"height":10}},{"id":"b13b666a-de75-49c9-9eec-90c8c9ce6bf0","block_type":"box","text":"AGCO","page_number":149,"box":{"x":229,"y":821,"width":49,"height":9}},{"id":"8eb878c7-546d-42fc-9da9-77fb3c072df5","block_type":"box","text":"735,433","page_number":149,"box":{"x":740,"y":822,"width":59,"height":10}},{"id":"440a8ba1-c711-4695-bc80-5869e9cfdb2f","block_type":"box","text":"1.87","page_number":149,"box":{"x":926,"y":822,"width":30,"height":8}},{"id":"0c9f91a6-10e7-425f-9273-3bb8b230bca9","block_type":"box","text":"9,000","page_number":149,"box":{"x":154,"y":837,"width":41,"height":10}},{"id":"9fe87b6f-ce2d-4b9e-8d6f-973c34005c34","block_type":"box","text":"Bunge Global","page_number":149,"box":{"x":230,"y":837,"width":99,"height":11}},{"id":"6326e6c0-9910-4794-932b-a942879cbdc0","block_type":"box","text":"717,305","page_number":149,"box":{"x":740,"y":837,"width":59,"height":10}},{"id":"c148f7e3-a809-4a59-ad1b-f714deb7d0a5","block_type":"box","text":"1.83","page_number":149,"box":{"x":926,"y":837,"width":30,"height":9}},{"id":"64954b68-7b05-4aff-9860-cc60502bdec1","block_type":"box","text":"16,000","page_number":149,"box":{"x":146,"y":852,"width":49,"height":11}},{"id":"a5e35f10-d807-47e4-8935-9d8355b1ef95","block_type":"box","text":"CF Industries Holdings","page_number":149,"box":{"x":230,"y":852,"width":168,"height":11}},{"id":"a7cff8e6-c7f0-4b11-a13d-1daaf64870fe","block_type":"box","text":"1,324,200","page_number":149,"box":{"x":727,"y":852,"width":72,"height":11}},{"id":"37091ea3-5dd5-4d28-ba97-764e8b0be91a","block_type":"box","text":"3.37","page_number":149,"box":{"x":925,"y":852,"width":31,"height":9}},{"id":"37a7130e-2a66-41dd-a139-c09d284ca2ed","block_type":"box","text":"60,000","page_number":149,"box":{"x":145,"y":868,"width":50,"height":10}},{"id":"0bf3828f-d723-4b4f-b644-c1cb5adc2ffb","block_type":"box","text":"CNH Industrial","page_number":149,"box":{"x":230,"y":868,"width":107,"height":9}},{"id":"6818fac5-e1b5-4c93-89a3-fa0982ca83c5","block_type":"box","text":"481,527","page_number":149,"box":{"x":740,"y":868,"width":59,"height":10}},{"id":"9ea2b217-452f-4a30-b7b2-a2552e8f22ee","block_type":"box","text":"1.22","page_number":149,"box":{"x":926,"y":868,"width":30,"height":8}},{"id":"eb9e790e-f38f-4fff-b64b-d47eb86aab34","block_type":"box","text":"1,850","page_number":149,"box":{"x":155,"y":883,"width":40,"height":10}},{"id":"a2e8b5bf-f57c-42c8-afd5-871b72961285","block_type":"box","text":"Deere & Company","page_number":149,"box":{"x":230,"y":883,"width":137,"height":11}},{"id":"aefe3a5e-ac1b-4196-8f03-05394ef151b8","block_type":"box","text":"859,926","page_number":149,"box":{"x":740,"y":883,"width":59,"height":10}},{"id":"ffdedcb0-c611-486f-a0cb-d11f88a8f169","block_type":"box","text":"2.19","page_number":149,"box":{"x":925,"y":883,"width":31,"height":9}},{"id":"6d98b43b-7507-4cab-bfe2-f97bf910d5ba","block_type":"box","text":"35,000","page_number":149,"box":{"x":145,"y":898,"width":50,"height":11}},{"id":"9eb12ced-0863-4d03-86d0-9a83fdc18068","block_type":"box","text":"Genus","page_number":149,"box":{"x":230,"y":898,"width":48,"height":9}},{"id":"503c3ea3-a37a-416b-b0a7-df02cc64872f","block_type":"box","text":"801,500","page_number":149,"box":{"x":740,"y":898,"width":59,"height":11}},{"id":"03438e06-0cd4-49c5-a89b-17c681a82e24","block_type":"box","text":"2.04","page_number":149,"box":{"x":925,"y":898,"width":31,"height":9}},{"id":"88a3e1c6-5385-4484-bb93-0582e179db5f","block_type":"box","text":"149","page_number":150,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"95b8fc58-cebe-4fc0-8381-11771be1c06d","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":150,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"85eab0c1-b5ed-402a-bca9-1424b8fa4400","block_type":"box","text":"Portfolio Statement (continued)","page_number":150,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"3c00fe69-2218-4d4b-b1c9-83bc900b16e0","block_type":"box","text":"Holding","page_number":150,"box":{"x":147,"y":132,"width":48,"height":9}},{"id":"9c7ca9a0-6105-461f-9dba-7a98a152e8d0","block_type":"box","text":"Investment","page_number":150,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"ec5c20f3-595e-4be0-bfd8-57755d6fa661","block_type":"box","text":"Market","page_number":150,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"e70aaf38-badc-47b8-be30-10c821049339","block_type":"box","text":"Value","page_number":150,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"5100cf99-0d64-4f78-86c8-2ba1e1e3167a","block_type":"box","text":"£","page_number":150,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"6fa66e67-6984-4b80-a05d-b8091fd3142c","block_type":"box","text":"% of","page_number":150,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"ba3c93e2-6a4c-4498-b3e0-2c839679e536","block_type":"box","text":"Net Assets","page_number":150,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"1426b172-5431-4adf-af62-204b0fb2f9ee","block_type":"box","text":"Security (continued)","page_number":150,"box":{"x":42,"y":164,"width":161,"height":11}},{"id":"32e43883-d74d-4b43-9b77-053a75c9128e","block_type":"box","text":"14,000","page_number":150,"box":{"x":146,"y":183,"width":49,"height":10}},{"id":"852c9b62-8ca1-4373-b4de-f32aa275ec80","block_type":"box","text":"Nutrien","page_number":150,"box":{"x":230,"y":183,"width":52,"height":9}},{"id":"11c77a60-4a72-4e1c-8b8d-e07e62ad174d","block_type":"box","text":"678,063","page_number":150,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"a824ff44-fa5c-4686-b2e9-73ddef07f303","block_type":"box","text":"1.73","page_number":150,"box":{"x":926,"y":183,"width":30,"height":9}},{"id":"803ea578-f110-4f75-95e0-bbee3e680da7","block_type":"box","text":"5,597,954","page_number":150,"box":{"x":726,"y":201,"width":74,"height":10}},{"id":"59df5f09-6b9d-4a80-82dd-c7652b6dc8bd","block_type":"box","text":"14.25","page_number":150,"box":{"x":916,"y":201,"width":41,"height":8}},{"id":"81fa49c0-9b5d-4219-aa51-022bf3a93f34","block_type":"box","text":"Climate Change","page_number":150,"box":{"x":43,"y":232,"width":125,"height":11}},{"id":"3ddca1f2-6f57-4d34-be7c-1f208b1c5fe2","block_type":"box","text":"2.97% (31 December 2025 - 2.90%)","page_number":150,"box":{"x":169,"y":232,"width":276,"height":11}},{"id":"fa4b7a33-048b-446a-9579-2d42c6aac9e6","block_type":"box","text":"11,000","page_number":150,"box":{"x":147,"y":250,"width":48,"height":11}},{"id":"1eb9f10e-3031-41f6-bb8a-3c34c6a25a7e","block_type":"box","text":"Canadian Pacific Kansas City","page_number":150,"box":{"x":230,"y":250,"width":219,"height":12}},{"id":"aeaa31a0-f72e-4e02-bbe2-64e73f61a9bb","block_type":"box","text":"720,870","page_number":150,"box":{"x":740,"y":250,"width":59,"height":11}},{"id":"6d1906e5-c1a3-4aaf-8d2c-5b5239044563","block_type":"box","text":"1.84","page_number":150,"box":{"x":926,"y":251,"width":30,"height":8}},{"id":"ff83ba24-6c42-438e-89fa-85208f343625","block_type":"box","text":"25,000","page_number":150,"box":{"x":145,"y":266,"width":50,"height":10}},{"id":"33d6e92d-745d-4250-9b18-6f9976f25b3c","block_type":"box","text":"Weyerhaeuser","page_number":150,"box":{"x":229,"y":266,"width":109,"height":11}},{"id":"23997961-173f-4848-9c6b-2b809597fc76","block_type":"box","text":"444,694","page_number":150,"box":{"x":740,"y":266,"width":59,"height":10}},{"id":"697ee744-b3b7-4c37-a4ee-96c594ba0ff4","block_type":"box","text":"1.13","page_number":150,"box":{"x":926,"y":266,"width":30,"height":9}},{"id":"ab847031-9b02-4ea1-8710-394e7c55c9bd","block_type":"box","text":"1,165,564","page_number":150,"box":{"x":727,"y":284,"width":73,"height":10}},{"id":"bb46cc95-3b92-4d62-a59f-7f1db28dae32","block_type":"box","text":"2.97","page_number":150,"box":{"x":925,"y":284,"width":31,"height":8}},{"id":"af261a4e-589c-4c15-8f0a-3d0e8f412fc3","block_type":"box","text":"Sustained Income","page_number":150,"box":{"x":42,"y":315,"width":143,"height":9}},{"id":"e3f6ac7e-1194-4e55-91b9-ac140a1a9768","block_type":"box","text":"3.29% (31 December 2025 - 3.16%)","page_number":150,"box":{"x":186,"y":315,"width":276,"height":11}},{"id":"b047437c-1a19-4604-b9d2-e72d275fae72","block_type":"box","text":"42,000","page_number":150,"box":{"x":144,"y":333,"width":51,"height":11}},{"id":"6c130553-dffa-4b84-87fe-163eb088bdc4","block_type":"box","text":"Koninklijke Ahold Delhaize","page_number":150,"box":{"x":230,"y":333,"width":195,"height":12}},{"id":"721c2393-fb75-463c-a59b-a9d68c15363e","block_type":"box","text":"1,291,634","page_number":150,"box":{"x":727,"y":333,"width":72,"height":11}},{"id":"a73880b8-62db-4435-b361-c9c419a2598f","block_type":"box","text":"3.29","page_number":150,"box":{"x":925,"y":333,"width":31,"height":9}},{"id":"ec5f3e9a-5ab5-4151-8679-1734492fb5c2","block_type":"box","text":"1,291,634","page_number":150,"box":{"x":727,"y":351,"width":73,"height":11}},{"id":"f7541f98-e26e-4dca-94a0-4ff88e7fa856","block_type":"box","text":"3.29","page_number":150,"box":{"x":925,"y":351,"width":31,"height":9}},{"id":"61c7f536-cc79-4211-ab56-2a58dedfb9e7","block_type":"box","text":"Total Value of Investments 99.40%","page_number":150,"box":{"x":229,"y":392,"width":271,"height":9}},{"id":"7be5b378-1915-46c0-9944-8664b90a7c0b","block_type":"box","text":"(31 December 2025 - 98.89%)","page_number":150,"box":{"x":230,"y":407,"width":228,"height":11}},{"id":"6b2763d2-0cc8-412c-8ddb-a7cd4d123723","block_type":"box","text":"39,040,309","page_number":150,"box":{"x":717,"y":407,"width":82,"height":10}},{"id":"2ebd2037-31b9-47aa-b004-66f847ad938d","block_type":"box","text":"99.40","page_number":150,"box":{"x":916,"y":407,"width":40,"height":9}},{"id":"8a2223be-976c-403a-b3e9-344038decfa6","block_type":"box","text":"Net Other Assets","page_number":150,"box":{"x":230,"y":422,"width":134,"height":9}},{"id":"421ca522-fe76-4a62-a869-58a51548b344","block_type":"box","text":"236,330","page_number":150,"box":{"x":740,"y":422,"width":59,"height":11}},{"id":"cb966f9e-1124-4331-993f-e94e01cb7a85","block_type":"box","text":"0.60","page_number":150,"box":{"x":925,"y":423,"width":31,"height":8}},{"id":"60a613f3-dc86-48f4-a28d-9d7845c45a71","block_type":"box","text":"Net assets","page_number":150,"box":{"x":230,"y":440,"width":82,"height":9}},{"id":"112f4bb8-6e79-4f1b-82e4-78ae2705cdda","block_type":"box","text":"39,276,639","page_number":150,"box":{"x":717,"y":440,"width":82,"height":11}},{"id":"ed5f0b08-c5c7-4819-8d6a-ed076eb0754c","block_type":"box","text":"100.00","page_number":150,"box":{"x":907,"y":440,"width":49,"height":9}},{"id":"bd394589-c98c-42b1-bdce-2a0a18054595","block_type":"box","text":"All holdings are ordinary shares of stock and are listed on an official stock exchange unless otherwise stated.","page_number":150,"box":{"x":42,"y":477,"width":806,"height":12}},{"id":"8dfe9b49-0c4f-4eb0-a378-ce16deac3cb4","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":150,"box":{"x":42,"y":506,"width":416,"height":9}},{"id":"fed7aa14-ebb1-4854-9d75-3fb27e08a785","block_type":"box","text":"Equities","page_number":150,"box":{"x":230,"y":522,"width":58,"height":11}},{"id":"cfc4f7c7-9868-4ab4-a3f0-876b8aa75e99","block_type":"box","text":"39,040,309","page_number":150,"box":{"x":717,"y":522,"width":82,"height":10}},{"id":"8b9f5bc3-92ce-4f75-a505-508caaac4080","block_type":"box","text":"99.40","page_number":150,"box":{"x":916,"y":522,"width":40,"height":9}},{"id":"5881cd45-eba6-4056-8eb6-aa0250d67c48","block_type":"box","text":"Net Other Assets","page_number":150,"box":{"x":230,"y":537,"width":125,"height":9}},{"id":"d4ab9871-01bb-4d9a-a0ab-ce1bf15f53ec","block_type":"box","text":"236,330","page_number":150,"box":{"x":740,"y":537,"width":59,"height":10}},{"id":"40d9630b-38c5-46ce-aca8-72b42678503f","block_type":"box","text":"0.60","page_number":150,"box":{"x":925,"y":537,"width":31,"height":9}},{"id":"9122da3c-a817-4ea9-9abf-e5e046ca7c7d","block_type":"box","text":"39,276,639","page_number":150,"box":{"x":717,"y":555,"width":82,"height":11}},{"id":"c30197ed-d6eb-4590-ae4d-0d6c1926cca8","block_type":"box","text":"100.00","page_number":150,"box":{"x":907,"y":555,"width":49,"height":9}},{"id":"d550f10a-b4af-4830-b527-43e71a288f80","block_type":"box","text":"150","page_number":151,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"dac08aa2-b68a-47d9-882e-cd285bb977ce","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":151,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"5e935fbb-8b67-4ff3-a301-1bca27270101","block_type":"box","text":"Statement of Total Return","page_number":151,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"0148912c-afe7-4fd0-8e44-c83117e5b1b6","block_type":"box","text":"For the period ended","page_number":151,"box":{"x":43,"y":95,"width":159,"height":11}},{"id":"64656165-c649-4f6c-9307-2732919a64c0","block_type":"box","text":"3 July","page_number":151,"box":{"x":203,"y":95,"width":43,"height":11}},{"id":"736dadc3-e8e0-4abe-917b-027c6a2eb387","block_type":"box","text":"2026 (unaudited)","page_number":151,"box":{"x":246,"y":95,"width":131,"height":11}},{"id":"b5034b7d-e459-4a89-b675-913acabb128b","block_type":"box","text":"03.07","page_number":151,"box":{"x":638,"y":125,"width":32,"height":7}},{"id":"efd23e2d-a0a8-40f9-9633-88f35ff0a2f5","block_type":"box","text":".2026","page_number":151,"box":{"x":672,"y":125,"width":32,"height":7}},{"id":"cee1883f-ff74-4cfd-967b-9259863f1540","block_type":"box","text":"1","page_number":151,"box":{"x":705,"y":123,"width":3,"height":5}},{"id":"cd037e96-178e-4366-9494-50a9fb8b7210","block_type":"box","text":"30.06.2025","page_number":151,"box":{"x":890,"y":125,"width":67,"height":7}},{"id":"00f46ebb-4d58-425c-b7c7-26b5848b3748","block_type":"box","text":"£","page_number":151,"box":{"x":579,"y":140,"width":7,"height":7}},{"id":"2fec7eaf-6dec-4d0d-90db-e8573470d7e6","block_type":"box","text":"£","page_number":151,"box":{"x":702,"y":140,"width":8,"height":7}},{"id":"f6a0daef-cd40-4909-a9fd-82fa96fed183","block_type":"box","text":"£","page_number":151,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"8866475e-0276-40ea-9150-01772f9f26b4","block_type":"box","text":"£","page_number":151,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"a0b008de-2c39-43bf-a197-634575295035","block_type":"box","text":"Income","page_number":151,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"fc5b4047-103d-4601-acec-f15a7191d2db","block_type":"box","text":"Net capital gains/(losses)","page_number":151,"box":{"x":55,"y":193,"width":186,"height":12}},{"id":"f79a2afd-b576-44ba-b8d0-48b9ae57ad15","block_type":"box","text":"1,386,627","page_number":151,"box":{"x":637,"y":193,"width":72,"height":11}},{"id":"bd2790f1-ea54-44e4-a73b-7ecd7e033c60","block_type":"box","text":"(2,367,349)","page_number":151,"box":{"x":872,"y":193,"width":85,"height":12}},{"id":"b5c0607b-4df8-4be6-821d-6b2c5480990d","block_type":"box","text":"Revenue","page_number":151,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"f085fca5-175a-41f8-a8bd-0b45628226a8","block_type":"box","text":"406,603","page_number":151,"box":{"x":526,"y":210,"width":59,"height":10}},{"id":"e6217161-c4c9-41a6-92a9-d61db147917d","block_type":"box","text":"616,972","page_number":151,"box":{"x":773,"y":210,"width":60,"height":10}},{"id":"548e1502-2136-4e11-a734-bd6e1ad1a31a","block_type":"box","text":"Expenses","page_number":151,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"7d8ef578-19a1-4908-a63f-623432017251","block_type":"box","text":"(220,086)","page_number":151,"box":{"x":515,"y":225,"width":70,"height":12}},{"id":"de3da6b2-214a-47ab-b044-f9f27cbc9041","block_type":"box","text":"(353,389)","page_number":151,"box":{"x":763,"y":225,"width":70,"height":12}},{"id":"ecff722c-cc22-4742-9339-bc804f16a72b","block_type":"box","text":"Interest payable and similar expenses","page_number":151,"box":{"x":43,"y":242,"width":280,"height":11}},{"id":"2426cb0c-cb70-4734-9f6f-9f6245f0ac4d","block_type":"box","text":"(207)","page_number":151,"box":{"x":548,"y":242,"width":37,"height":11}},{"id":"319b0271-8745-4dfd-8257-b760fd0a4547","block_type":"box","text":"(1)","page_number":151,"box":{"x":814,"y":242,"width":19,"height":11}},{"id":"142e04f3-5e3e-4404-8de8-03f865be792d","block_type":"box","text":"Net revenue before taxation","page_number":151,"box":{"x":43,"y":262,"width":205,"height":9}},{"id":"16592725-82d3-48db-b2db-cac04883cab1","block_type":"box","text":"186,310","page_number":151,"box":{"x":527,"y":262,"width":58,"height":10}},{"id":"39146b26-d17d-4e58-ace8-948007f7e6a4","block_type":"box","text":"263,582","page_number":151,"box":{"x":773,"y":262,"width":60,"height":10}},{"id":"40f42189-954d-4397-8e5a-cf833160e330","block_type":"box","text":"Taxation","page_number":151,"box":{"x":42,"y":278,"width":61,"height":9}},{"id":"277e9614-2a3d-47a8-8d78-08dbbd127abc","block_type":"box","text":"(31,075)","page_number":151,"box":{"x":525,"y":278,"width":60,"height":11}},{"id":"8e8b1b5d-1645-42c0-a564-7eee8db9c511","block_type":"box","text":"(68,486)","page_number":151,"box":{"x":772,"y":278,"width":61,"height":11}},{"id":"a1ac2c1e-ff17-4c57-bea3-3c81ef3560a2","block_type":"box","text":"Net revenue after taxation for the period","page_number":151,"box":{"x":43,"y":294,"width":317,"height":11}},{"id":"6492c910-d270-4840-9dd5-748bc3d6618c","block_type":"box","text":"155,235","page_number":151,"box":{"x":651,"y":294,"width":58,"height":11}},{"id":"063e2274-3afe-4e1d-a0f1-0890f40be58c","block_type":"box","text":"195,096","page_number":151,"box":{"x":898,"y":294,"width":58,"height":11}},{"id":"ab2ea6b9-16ef-4377-9f05-ef2f5f5fc10f","block_type":"box","text":"Total returns before distributions","page_number":151,"box":{"x":42,"y":315,"width":263,"height":8}},{"id":"ca679f70-9c71-40af-ba29-09a4158026e4","block_type":"box","text":"1,541,862","page_number":151,"box":{"x":637,"y":315,"width":72,"height":10}},{"id":"b74eea59-a6c7-4194-a5ad-4860fb0c1485","block_type":"box","text":"(2,172,253)","page_number":151,"box":{"x":872,"y":315,"width":85,"height":11}},{"id":"f94458c0-fef2-4e7f-8c67-1f9d1784365c","block_type":"box","text":"Distributions","page_number":151,"box":{"x":43,"y":331,"width":91,"height":8}},{"id":"7c11bca2-a5b0-4b8d-9645-219f40885d72","block_type":"box","text":"(287,286)","page_number":151,"box":{"x":639,"y":331,"width":70,"height":11}},{"id":"a82c633a-e2d3-4b96-aa9e-a45aa02731ca","block_type":"box","text":"(408,850)","page_number":151,"box":{"x":886,"y":331,"width":71,"height":11}},{"id":"2e76e3ae-4ab0-4b6b-bcac-ab5bbe1acca4","block_type":"box","text":"Change in net assets attributable to","page_number":151,"box":{"x":43,"y":365,"width":288,"height":12}},{"id":"419ec16a-82cc-4019-aef0-41a6254f6c48","block_type":"box","text":"shareholders from investment activities","page_number":151,"box":{"x":54,"y":380,"width":316,"height":8}},{"id":"e53194d1-04d8-4a58-9792-14ecf55ba412","block_type":"box","text":"1,254,576","page_number":151,"box":{"x":637,"y":378,"width":72,"height":10}},{"id":"3c83025a-40db-4d07-82c6-04716ae50e7d","block_type":"box","text":"(2,581,103)","page_number":151,"box":{"x":872,"y":378,"width":85,"height":11}},{"id":"564a1371-ca09-4a54-a549-0ca9832d951c","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":151,"box":{"x":43,"y":422,"width":620,"height":14}},{"id":"8b200072-cbd7-4409-b1ee-d8c892bbb654","block_type":"box","text":"For the period ended","page_number":151,"box":{"x":43,"y":438,"width":159,"height":11}},{"id":"38b4697c-6f73-4c6f-9c95-631de54ccb0f","block_type":"box","text":"3 July","page_number":151,"box":{"x":203,"y":438,"width":43,"height":11}},{"id":"848c7e0e-7e97-4ba2-9e72-918eb6ef0d49","block_type":"box","text":"2026 (unaudited)","page_number":151,"box":{"x":246,"y":438,"width":131,"height":11}},{"id":"3f0349cd-017d-49a7-9896-85c027b497bf","block_type":"box","text":"03.07.2026","page_number":151,"box":{"x":634,"y":468,"width":67,"height":7}},{"id":"ead7674e-d14e-4ab7-983d-0dfdfb7a2d1e","block_type":"box","text":"1","page_number":151,"box":{"x":702,"y":466,"width":3,"height":5}},{"id":"082a114a-d41c-4bed-adbb-2e799b946102","block_type":"box","text":"30.06.2025","page_number":151,"box":{"x":888,"y":468,"width":66,"height":7}},{"id":"f672601b-44c8-4285-8c0d-52ba7dfbf345","block_type":"box","text":"£","page_number":151,"box":{"x":578,"y":483,"width":8,"height":7}},{"id":"48379ba7-4c9a-4081-8195-a00ac066fa64","block_type":"box","text":"£","page_number":151,"box":{"x":699,"y":483,"width":7,"height":7}},{"id":"444b4279-6b7e-4250-81b9-046edfcc0a28","block_type":"box","text":"£","page_number":151,"box":{"x":826,"y":483,"width":7,"height":7}},{"id":"76ae7654-e864-4f06-8a91-d69a1e0c9ab6","block_type":"box","text":"£","page_number":151,"box":{"x":947,"y":483,"width":7,"height":7}},{"id":"ab8056fa-27ac-48d5-923a-19b82582ff7a","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":151,"box":{"x":43,"y":520,"width":380,"height":11}},{"id":"fe87a673-f603-4b2f-8a82-b6297c3ce311","block_type":"box","text":"2","page_number":151,"box":{"x":424,"y":520,"width":4,"height":5}},{"id":"57d1c2c0-d7ad-4f79-9fac-d7418756c770","block_type":"box","text":"45,680,732","page_number":151,"box":{"x":626,"y":520,"width":83,"height":11}},{"id":"7da9514d-6f4c-4b61-a6c5-2b1234e33590","block_type":"box","text":"71,649,350","page_number":151,"box":{"x":874,"y":520,"width":82,"height":11}},{"id":"45547440-a4e8-4a8a-af76-1c7840c8be9d","block_type":"box","text":"Issue of shares","page_number":151,"box":{"x":43,"y":536,"width":112,"height":9}},{"id":"5d0b7f66-a6f6-405c-ba87-7db45f369a24","block_type":"box","text":"2,000,561","page_number":151,"box":{"x":508,"y":536,"width":71,"height":11}},{"id":"5c311321-5f10-4b0b-8216-200454f934d2","block_type":"box","text":"4,823,686","page_number":151,"box":{"x":755,"y":536,"width":74,"height":11}},{"id":"d2565cc5-8803-4a0d-8ef6-14026107951a","block_type":"box","text":"Cancellation of shares","page_number":151,"box":{"x":43,"y":552,"width":164,"height":9}},{"id":"7f0670d6-86dd-410f-b45f-95929ae78fc5","block_type":"box","text":"(9,885,470)","page_number":151,"box":{"x":503,"y":552,"width":82,"height":12}},{"id":"574d0af3-8ee4-4400-87dc-7ee22596bddd","block_type":"box","text":"(12,597,397)","page_number":151,"box":{"x":741,"y":552,"width":92,"height":12}},{"id":"66c9cc31-9e21-4649-b71d-0083461ccb04","block_type":"box","text":"(7,884,909)","page_number":151,"box":{"x":625,"y":568,"width":84,"height":12}},{"id":"9ba61431-0127-4200-98d0-4607c784a42a","block_type":"box","text":"(7,773,711)","page_number":151,"box":{"x":874,"y":568,"width":83,"height":12}},{"id":"c707226c-8b33-40c9-8fa2-915291c9a635","block_type":"box","text":"Change in net assets attributable to","page_number":151,"box":{"x":43,"y":583,"width":268,"height":11}},{"id":"e90be59d-f9f6-4a30-8a24-77caeeaaf891","block_type":"box","text":"shareholders from investment activities (see above)","page_number":151,"box":{"x":54,"y":599,"width":383,"height":11}},{"id":"29206368-9471-41b0-ad76-bd9470f7756b","block_type":"box","text":"1,254,576","page_number":151,"box":{"x":637,"y":599,"width":72,"height":10}},{"id":"0cadab85-2292-45ad-b679-1f1699b879c1","block_type":"box","text":"(2,581,103)","page_number":151,"box":{"x":872,"y":599,"width":85,"height":11}},{"id":"f6d3a94d-ad92-4ecd-b72f-ee5651e0f567","block_type":"box","text":"Retained distribution on accumulation shares","page_number":151,"box":{"x":43,"y":615,"width":333,"height":9}},{"id":"e7fe461d-02ea-4fb1-8f3c-bd3aa023b424","block_type":"box","text":"226,240","page_number":151,"box":{"x":649,"y":615,"width":60,"height":10}},{"id":"ce632bf8-04b6-4da8-a8b8-2499d8d74b5e","block_type":"box","text":"334,700","page_number":151,"box":{"x":897,"y":615,"width":59,"height":10}},{"id":"0af3f9c8-0dba-4f9e-bf18-37d6464e9a0c","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":151,"box":{"x":43,"y":632,"width":373,"height":11}},{"id":"cacccd32-8de6-47e1-b059-c1a022b9a556","block_type":"box","text":"39,276,639","page_number":151,"box":{"x":626,"y":630,"width":83,"height":11}},{"id":"e56553cd-7adb-47e5-bf6c-80e05aebfec3","block_type":"box","text":"61,629,236","page_number":151,"box":{"x":874,"y":630,"width":82,"height":11}},{"id":"e5f50aba-2b1c-4303-81b7-85d194051b02","block_type":"box","text":"1","page_number":151,"box":{"x":43,"y":663,"width":2,"height":5}},{"id":"1ddac969-ce47-4569-b6d5-0a199b43f007","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":151,"box":{"x":48,"y":665,"width":908,"height":9}},{"id":"163e699d-774f-41bf-8d51-9ea2a705bd70","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":151,"box":{"x":42,"y":677,"width":915,"height":9}},{"id":"e29313ae-6aec-44e1-ac9b-ab6cd6e81805","block_type":"box","text":"shareholders.","page_number":151,"box":{"x":42,"y":688,"width":80,"height":7}},{"id":"267eefe6-cbcc-4835-9b0f-8392b8d57e08","block_type":"box","text":"2","page_number":151,"box":{"x":42,"y":700,"width":5,"height":5}},{"id":"da4e3c06-482f-45a9-817d-4772fdbebbaa","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to the closing comparative position by the change in shareholders’ net assets for the","page_number":151,"box":{"x":48,"y":702,"width":909,"height":9}},{"id":"308c13c7-8f29-4e0c-91e2-2c036db9fb79","block_type":"box","text":"second half of the comparative financial year.","page_number":151,"box":{"x":42,"y":714,"width":268,"height":9}},{"id":"b35bf88b-eb03-4c76-af60-ab870d635753","block_type":"box","text":"151","page_number":152,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"4e20860c-be8d-45cb-b23a-888aa23ba0bf","block_type":"box","text":"SARASIN Food & Agriculture Opportunities","page_number":152,"box":{"x":43,"y":34,"width":415,"height":13}},{"id":"5f4db10e-c271-4c1a-b3db-bd747f291805","block_type":"box","text":"Balance Sheet","page_number":152,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"53898212-d2cc-4d1e-a74c-abddae79df3a","block_type":"box","text":"As at","page_number":152,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"df85fe42-4b9b-4808-b1a0-7b03122291b3","block_type":"box","text":"3 July 2026 (unaudited)","page_number":152,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"6d614aa6-1848-4e8c-8401-da9c6a092862","block_type":"box","text":"03.07.2026","page_number":152,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"a40e02a5-4a32-4aa2-ade9-b4656c1289df","block_type":"box","text":"1","page_number":152,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"35cfdfcb-502b-410a-8b4a-c2376b2b0ebf","block_type":"box","text":"31.12.2025","page_number":152,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"8b161136-88f8-4df2-b5f6-9f57461e067e","block_type":"box","text":"£","page_number":152,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"29d57fea-5f25-49e0-b9dc-a6ce096b77bc","block_type":"box","text":"£","page_number":152,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"24642b46-a2f2-48c0-9752-72ffe6e7098a","block_type":"box","text":"Assets","page_number":152,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"28a2eb13-ce8d-401a-adf5-4b781528be42","block_type":"box","text":"Investments","page_number":152,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"4d1f4000-8987-4515-bbdb-8b22fc3e75de","block_type":"box","text":"39,040,309","page_number":152,"box":{"x":636,"y":183,"width":82,"height":10}},{"id":"a8977841-4fa5-482e-8129-2bca395fe5bc","block_type":"box","text":"45,171,937","page_number":152,"box":{"x":873,"y":183,"width":83,"height":10}},{"id":"a2b922ad-8846-4241-be89-ffcf59c67ffd","block_type":"box","text":"Amounts receivable","page_number":152,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"ee5ee4e2-fda4-4430-b96f-148611650ea6","block_type":"box","text":"112,171","page_number":152,"box":{"x":661,"y":199,"width":55,"height":10}},{"id":"058032d0-413e-4eea-af3a-bbd6794968b7","block_type":"box","text":"94,826","page_number":152,"box":{"x":907,"y":199,"width":49,"height":10}},{"id":"25d5223e-2bc2-46de-96e4-5a71f30eebd3","block_type":"box","text":"Cash and cash equivalents","page_number":152,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"7e12782f-acca-4595-b503-6505db387f63","block_type":"box","text":"293,338","page_number":152,"box":{"x":659,"y":215,"width":59,"height":10}},{"id":"87a299ee-9062-4d3e-9c80-cabae4afac55","block_type":"box","text":"709,129","page_number":152,"box":{"x":897,"y":215,"width":59,"height":10}},{"id":"1e5356f2-1e2c-4765-98dc-93e92fc06c87","block_type":"box","text":"Total assets","page_number":152,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"729f96fc-a6b1-4c60-8ccd-4bd3cc9289a3","block_type":"box","text":"39,445,818","page_number":152,"box":{"x":636,"y":232,"width":82,"height":10}},{"id":"4842b616-fa80-4c1a-b71c-b37f788e633a","block_type":"box","text":"45,975,892","page_number":152,"box":{"x":873,"y":232,"width":83,"height":10}},{"id":"3549d471-d0f6-4c8a-a53f-273a5a5ef2d1","block_type":"box","text":"Liabilities","page_number":152,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"a462f231-fe22-4ee9-9554-529656509d71","block_type":"box","text":"Bank overdrafts","page_number":152,"box":{"x":55,"y":270,"width":116,"height":9}},{"id":"c03ced7e-feaa-493a-a856-6aa01240e0cc","block_type":"box","text":"(46,390)","page_number":152,"box":{"x":658,"y":270,"width":61,"height":11}},{"id":"02560115-4479-4565-9386-a818390e5536","block_type":"box","text":"–","page_number":152,"box":{"x":948,"y":275,"width":9,"height":1}},{"id":"b7fe9b49-6e15-418b-b091-1348d31bfe2d","block_type":"box","text":"Distribution payable","page_number":152,"box":{"x":55,"y":286,"width":145,"height":11}},{"id":"e68fbdc8-3b51-42ce-a694-0c726b90c6f7","block_type":"box","text":"(36,427)","page_number":152,"box":{"x":658,"y":286,"width":61,"height":11}},{"id":"0d166c82-1378-4eae-8d65-63212b0d121b","block_type":"box","text":"(28,244)","page_number":152,"box":{"x":896,"y":286,"width":61,"height":11}},{"id":"c6227bab-cb63-4b9f-9242-055220691e90","block_type":"box","text":"Other amounts payable","page_number":152,"box":{"x":54,"y":302,"width":174,"height":11}},{"id":"a0bddff7-4741-49a7-8e91-3c12950b51a6","block_type":"box","text":"(86,362)","page_number":152,"box":{"x":658,"y":302,"width":61,"height":11}},{"id":"22ba78f4-82af-4c34-adf0-50a61fbbab5b","block_type":"box","text":"(266,916)","page_number":152,"box":{"x":886,"y":302,"width":71,"height":11}},{"id":"dd2260fa-c5c7-4a94-b16b-8df861f9b37e","block_type":"box","text":"Total liabilities","page_number":152,"box":{"x":42,"y":319,"width":103,"height":9}},{"id":"661c3953-6ca8-4173-b7d5-539de0996df1","block_type":"box","text":"(169,179)","page_number":152,"box":{"x":648,"y":319,"width":71,"height":11}},{"id":"cbcbbcef-c443-4304-8355-9004b8e323ce","block_type":"box","text":"(295,160)","page_number":152,"box":{"x":886,"y":319,"width":71,"height":11}},{"id":"1e877035-d1ff-4152-b1d5-97bec575e2a2","block_type":"box","text":"Net assets attributable to shareholders","page_number":152,"box":{"x":43,"y":336,"width":309,"height":9}},{"id":"8c0f179b-c70e-4b56-94a7-d0841be7c065","block_type":"box","text":"39,276,639","page_number":152,"box":{"x":636,"y":335,"width":82,"height":10}},{"id":"528b6964-a5fc-44f9-83bd-03759db40769","block_type":"box","text":"45,680,732","page_number":152,"box":{"x":873,"y":335,"width":83,"height":10}},{"id":"ce211bec-cd2a-4193-a32d-9e8e3830ee32","block_type":"box","text":"1","page_number":152,"box":{"x":43,"y":368,"width":2,"height":4}},{"id":"df298426-dbce-459d-b26a-62650d39192e","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":152,"box":{"x":46,"y":368,"width":910,"height":9}},{"id":"71807a69-e0db-4ed4-8276-6033679ada17","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":152,"box":{"x":42,"y":379,"width":915,"height":9}},{"id":"0c7dc2b5-66b3-48fa-8a22-e8951fdc6824","block_type":"box","text":"shareholders.","page_number":152,"box":{"x":42,"y":391,"width":80,"height":7}},{"id":"bbc7ef4c-0b69-48b0-911c-f75cd8f31464","block_type":"box","text":"All items in the balance sheet above are current.","page_number":152,"box":{"x":42,"y":416,"width":358,"height":9}},{"id":"62a0e306-ac75-4215-b985-67e4e7aa9ff8","block_type":"box","text":"152","page_number":153,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"792e604d-352c-4a73-a1e6-18ad2ea2abc7","block_type":"box","text":"153","page_number":153,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"d43056f3-4e72-4458-b748-ae2076b146f4","block_type":"box","text":"SARASIN Food and Agriculture Opportunities","page_number":153,"box":{"x":43,"y":34,"width":436,"height":13}},{"id":"237594ae-a448-46dc-8fbc-6f7dde3229a0","block_type":"box","text":"Notes to the Financial Statements","page_number":153,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"48e6d365-b805-47f4-9041-8f65a9d154b4","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":153,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"04818461-c3ca-4c2a-8852-5d3bfb3698dd","block_type":"box","text":"1. Accounting Policies","page_number":153,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"d90b60c1-5ba7-4827-9eaf-db9c1276025e","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":153,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"1de5e970-3e33-4011-8560-b7902163daad","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":153,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"e6c42201-d11e-4e1e-a899-59bc38aa08fa","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":153,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"9b56c81f-e46b-4a87-808a-0e318658f9d9","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":153,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"3df838a8-1078-4c92-8880-086df8579d4a","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":153,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"d14bed65-388d-4206-aeac-259cdd860782","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":153,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"bc786864-b132-4d22-8fdf-e7260eca9dcf","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":153,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"fa334467-ca84-45c7-bfc2-ea5535b60c8b","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":153,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"2307413b-73d8-41f4-bb50-0e69c0a79f3e","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":153,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"fc5cdc5c-fae8-4e3a-a26d-5a7383cc746b","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":153,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"481a19bb-ce38-4bce-b937-e6a9f82004ea","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":153,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"72fdc03e-c5ae-4467-964d-f15e2b8c5377","block_type":"box","text":"the current period.","page_number":153,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"27a8e409-d20f-4402-b4ad-807a58731556","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":153,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"17bf369b-9a53-46be-a7ac-2bd3d3b952e3","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":153,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"981c3da5-113b-4a6d-aaae-be2c60a88a0f","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":153,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"40867980-232a-4e02-8871-a451c0372e07","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":153,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"b8f83788-e614-491d-8e50-79546260dfd6","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":153,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"9c954a03-4a20-4eec-b85a-d4bb077e8985","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":153,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"b3d2dbc9-31a3-4bdd-b93a-661fc1bc4ea4","block_type":"box","text":"2. Related Parties","page_number":153,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"dcb1a550-6fa4-48f4-81c9-19cd589bf590","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":153,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"856ef6b0-5a59-43ae-8e98-a816ff38a2cf","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":153,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"73aeb503-5671-4c2d-a1d9-4fb4d479f69f","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":153,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"8959bfbd-3957-4acf-8112-5ccb76730f9f","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":153,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"a62b965c-f365-43bd-b605-b17d19121600","block_type":"box","text":"page 150","page_number":153,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"534d3c7e-62f1-4cdb-b46b-8624a73d29c8","block_type":"box","text":".","page_number":153,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"3080c5c8-038a-48da-9498-05852f4a1d8c","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £54,391","page_number":153,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"3a3abe51-fb5f-4177-b20e-95a917756cb6","block_type":"box","text":"(31 December 2025: £58,875).","page_number":153,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"00dac3ba-bfc0-4460-851b-cc4ede9357c5","block_type":"box","text":"At the period end, Sarasin Food and Agriculture Opportunities held no shares in any other sub-fund or collective investment","page_number":153,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"c6af9ce9-15f0-4259-9533-ec7323775750","block_type":"box","text":"schemes managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":153,"box":{"x":42,"y":587,"width":766,"height":11}},{"id":"a74a1de1-32de-4c21-8f7f-ea1bb1878825","block_type":"box","text":"At the period end, Hargreaves Lansdown Nominees Limited owned 31.34% of the sub-fund on behalf of multiple beneficiaries","page_number":153,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"ddebaf8d-264a-4191-95b9-af0c12bdeb56","block_type":"box","text":"(31 December 2025: 28.36%).","page_number":153,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"080cf617-c705-4cdb-9178-80d35486065f","block_type":"box","text":"153","page_number":154,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"02b41dd1-110f-4e84-8353-78991eee82d6","block_type":"box","text":"SARASIN Food and Agriculture Opportunities","page_number":154,"box":{"x":43,"y":34,"width":436,"height":13}},{"id":"382f970f-86ad-407b-bb19-a15f8b548901","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":154,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"b034cca5-1d2f-4c35-b980-b4110a58fc57","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":154,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"a74be3ad-050c-4326-a744-eecde62dd19a","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":154,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"de5cd93d-b263-44fd-b0bb-61de407ce9ef","block_type":"box","text":"their fair value.","page_number":154,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"88a8757e-77ec-4247-a673-54ced954592e","block_type":"box","text":"Valuation technique as at","page_number":154,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"1ce3f8fe-caa9-4323-987c-58bf00ab82d9","block_type":"box","text":"3 July 2026","page_number":154,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"b3e03fc8-8e95-44b3-9346-ce934a65bf6e","block_type":"box","text":"1","page_number":154,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"11b24a08-1b56-4db2-a1d2-a8efa77374a1","block_type":"box","text":"Financial Assets","page_number":154,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"8c6bab14-67cc-4dd8-be5c-5690b359c704","block_type":"box","text":"Level 1","page_number":154,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"38363bf2-fc88-4935-9596-117a981e3ffb","block_type":"box","text":"£","page_number":154,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"55f9ef07-85bd-446d-9096-be39ce94746f","block_type":"box","text":"Level 2","page_number":154,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"213bcab5-e23b-40e0-be66-b4c215089299","block_type":"box","text":"£","page_number":154,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"00a51fbe-e5be-424a-ae7d-6069b23a9bf6","block_type":"box","text":"Level 3","page_number":154,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"bbae316c-5b91-48fe-91aa-411de4981970","block_type":"box","text":"£","page_number":154,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"83dad023-c19a-4669-8ab6-6d30281e34a6","block_type":"box","text":"Total","page_number":154,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"54f2cd88-58a7-4784-9b2a-bcd5c69c4da4","block_type":"box","text":"£","page_number":154,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"2befc712-dd8e-428d-92d8-16df20c67be6","block_type":"box","text":"Equities","page_number":154,"box":{"x":45,"y":214,"width":58,"height":11}},{"id":"134a9017-e891-4ad6-9da6-746201881dd8","block_type":"box","text":"39,040,309","page_number":154,"box":{"x":524,"y":214,"width":83,"height":10}},{"id":"008e5956-a581-4a81-a0b6-25c922083c73","block_type":"box","text":"–","page_number":154,"box":{"x":715,"y":219,"width":9,"height":1}},{"id":"826790da-e26b-4be8-915b-db2e2ac91b51","block_type":"box","text":"–","page_number":154,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"8c7e2bda-650a-4d88-ac06-800a9fb88d51","block_type":"box","text":"39,040,309","page_number":154,"box":{"x":874,"y":214,"width":82,"height":10}},{"id":"17032612-e54e-48a9-9f61-abe9547cb6d4","block_type":"box","text":"39,040,309","page_number":154,"box":{"x":524,"y":230,"width":83,"height":10}},{"id":"b118e0d0-4ff5-4994-84c6-d831df0aed74","block_type":"box","text":"–","page_number":154,"box":{"x":715,"y":235,"width":9,"height":1}},{"id":"b092eab6-a4d0-41dc-b97a-5bf55b44dffd","block_type":"box","text":"–","page_number":154,"box":{"x":831,"y":235,"width":10,"height":1}},{"id":"04f59a40-532c-427c-a201-2bcfc091bfe4","block_type":"box","text":"39,040,309","page_number":154,"box":{"x":874,"y":230,"width":82,"height":10}},{"id":"30de248f-f4ae-4637-9e52-b49932cb92de","block_type":"box","text":"Valuation technique as at","page_number":154,"box":{"x":44,"y":261,"width":161,"height":9}},{"id":"aa5edaf2-5d83-4884-bc63-a6dc95eacf92","block_type":"box","text":"31 December 2025","page_number":154,"box":{"x":210,"y":261,"width":116,"height":7}},{"id":"0cc5e1f0-208f-465c-9851-a951050f37d2","block_type":"box","text":"Financial Assets","page_number":154,"box":{"x":45,"y":287,"width":104,"height":7}},{"id":"fe4a353e-500c-47bd-b816-85d0fddcb11a","block_type":"box","text":"Level 1","page_number":154,"box":{"x":563,"y":275,"width":42,"height":7}},{"id":"ed91766e-b2ce-4b75-9325-579f7c1a7110","block_type":"box","text":"£","page_number":154,"box":{"x":600,"y":287,"width":7,"height":7}},{"id":"5b6ddc04-e86f-4296-9062-59ec5dbc7d71","block_type":"box","text":"Level 2","page_number":154,"box":{"x":679,"y":275,"width":44,"height":7}},{"id":"299ecf09-c92d-4506-8c54-41de5082e18d","block_type":"box","text":"£","page_number":154,"box":{"x":717,"y":287,"width":7,"height":7}},{"id":"5f2f21ad-df76-4184-a130-cddb587aa236","block_type":"box","text":"Level 3","page_number":154,"box":{"x":796,"y":275,"width":44,"height":7}},{"id":"ca735391-d074-46b0-9813-21510dda8775","block_type":"box","text":"£","page_number":154,"box":{"x":833,"y":287,"width":7,"height":7}},{"id":"7bcd0e43-61e7-47a7-88e6-f5a74a0e695f","block_type":"box","text":"Total","page_number":154,"box":{"x":926,"y":275,"width":30,"height":7}},{"id":"b1a09046-235f-4bbf-aa8a-8e06c04c735c","block_type":"box","text":"£","page_number":154,"box":{"x":950,"y":287,"width":7,"height":7}},{"id":"59d0e762-59c4-4744-911b-e75f095e52a8","block_type":"box","text":"Equities","page_number":154,"box":{"x":45,"y":305,"width":58,"height":11}},{"id":"ba11e663-37f1-4a12-b472-eb95bdb4213a","block_type":"box","text":"45,171,937","page_number":154,"box":{"x":523,"y":305,"width":83,"height":10}},{"id":"2659376f-4b9a-46b7-bc14-322a6bef9f81","block_type":"box","text":"–","page_number":154,"box":{"x":715,"y":310,"width":9,"height":1}},{"id":"d0adbce0-5372-49c3-92c5-849bcd9ae950","block_type":"box","text":"–","page_number":154,"box":{"x":831,"y":310,"width":10,"height":1}},{"id":"54c0884c-6f87-40f0-b97b-1f32a735a76a","block_type":"box","text":"45,171,937","page_number":154,"box":{"x":873,"y":305,"width":83,"height":10}},{"id":"4c12c5db-fb3b-4dff-920f-16499119a491","block_type":"box","text":"45,171,937","page_number":154,"box":{"x":523,"y":321,"width":83,"height":10}},{"id":"add4fb20-785b-425c-9272-86e8f55288ff","block_type":"box","text":"–","page_number":154,"box":{"x":715,"y":326,"width":9,"height":1}},{"id":"0a12c2ca-de47-4704-8c8e-47baa5b00ec0","block_type":"box","text":"–","page_number":154,"box":{"x":831,"y":326,"width":10,"height":1}},{"id":"b599d032-b1bd-4482-9f25-6c449fa4ad9c","block_type":"box","text":"45,171,937","page_number":154,"box":{"x":873,"y":321,"width":83,"height":10}},{"id":"18476ca1-cc6b-46f3-9c75-ce91c0140725","block_type":"box","text":"1","page_number":154,"box":{"x":43,"y":364,"width":2,"height":4}},{"id":"22ff0e9e-5b4a-42b4-945e-3458b9067e5f","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":154,"box":{"x":46,"y":364,"width":910,"height":9}},{"id":"94df8d7f-805d-4ec6-9e5c-3a7a8f2bf69e","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":154,"box":{"x":42,"y":375,"width":915,"height":10}},{"id":"52e9ac47-a757-4367-83ad-400c168943a7","block_type":"box","text":"shareholders.","page_number":154,"box":{"x":42,"y":387,"width":80,"height":7}},{"id":"16414783-cf4d-41e9-b5df-c1ec6b2a6fe6","block_type":"box","text":"Level 1","page_number":154,"box":{"x":43,"y":419,"width":53,"height":8}},{"id":"4e408319-27f9-4dea-855c-52ea39eab5f6","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":154,"box":{"x":42,"y":431,"width":920,"height":12}},{"id":"d460491a-0134-4b6e-844a-5de4761b9b1b","block_type":"box","text":"date.","page_number":154,"box":{"x":42,"y":445,"width":36,"height":8}},{"id":"4db9dbce-8c5c-4fcf-98a4-3ef9c3b21d82","block_type":"box","text":"Level 2","page_number":154,"box":{"x":43,"y":470,"width":55,"height":8}},{"id":"b15368f7-2a1c-463f-b230-77405fe24846","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":154,"box":{"x":42,"y":483,"width":894,"height":11}},{"id":"1e8a4121-dec2-4908-9cb9-1400eb4943d4","block_type":"box","text":"Level 3","page_number":154,"box":{"x":43,"y":508,"width":55,"height":8}},{"id":"2063fd41-d663-48e1-95fa-1094c591a33c","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":154,"box":{"x":42,"y":521,"width":672,"height":11}},{"id":"e0c6c5b9-b104-487f-8955-ce7e0868b53d","block_type":"box","text":"154","page_number":155,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"8701e9a8-acdc-4c1a-a69a-40bd5a26915e","block_type":"box","text":"155","page_number":155,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"d1f89882-3050-441e-ab6b-cc2a67fb9d6e","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":155,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"2de71ca2-921d-4029-89be-362279b8cf12","block_type":"box","text":"Investment Objective and Policy","page_number":155,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"e895eb17-9d00-4bb5-8be4-f25f08b77835","block_type":"box","text":"Investment Objective","page_number":155,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"e4b160fa-363e-4169-8db8-57a62b49d89d","block_type":"box","text":"We seek to grow the sub-fund (through income and increases","page_number":155,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"18834b37-03dc-415c-9af0-5c459cfb37d3","block_type":"box","text":"in investment value) over a rolling 5 year period after","page_number":155,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"f3e56dee-aa96-4371-85e1-ed30b587ec16","block_type":"box","text":"deducting fees and costs, by investing in ethically screened","page_number":155,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"2f0a4234-44e0-4cd2-964b-f80999aa9065","block_type":"box","text":"bonds.","page_number":155,"box":{"x":43,"y":152,"width":48,"height":9}},{"id":"a053b0ed-7356-4804-95ac-f7ba7a384bf4","block_type":"box","text":"Investment Policy","page_number":155,"box":{"x":43,"y":177,"width":141,"height":11}},{"id":"ec1ecd4a-7ac2-4081-a47e-7921222f4c47","block_type":"box","text":"Investments","page_number":155,"box":{"x":43,"y":192,"width":89,"height":8}},{"id":"242559e0-94c1-41cd-b4e1-0bb4a9c1510a","block_type":"box","text":"We invest at least 50% of the sub-fund in Sterling denominated","page_number":155,"box":{"x":42,"y":216,"width":450,"height":12}},{"id":"e98d1a62-57e9-4ec5-aefb-0a2bf0dfd2f7","block_type":"box","text":"bonds issued by companies.","page_number":155,"box":{"x":43,"y":231,"width":209,"height":11}},{"id":"bfde4a7f-3e0c-4c52-83df-0bf3b346021e","block_type":"box","text":"We may also invest in bonds issued by supranational and","page_number":155,"box":{"x":42,"y":256,"width":450,"height":11}},{"id":"16daf7d0-f1aa-4c3a-b70f-248e1aae5c31","block_type":"box","text":"quasi-governmental organisations, or in cash or units in","page_number":155,"box":{"x":42,"y":270,"width":450,"height":11}},{"id":"e7f17035-4fc2-4dcb-b6c6-344759d1203d","block_type":"box","text":"funds (including those managed by Sarasin).","page_number":155,"box":{"x":42,"y":284,"width":331,"height":11}},{"id":"c6c8c83d-de7f-41b2-ab57-b48693355328","block_type":"box","text":"Investment Selection","page_number":155,"box":{"x":43,"y":309,"width":154,"height":9}},{"id":"29d3dcb2-ab7a-44e3-8329-dae8777fe1c9","block_type":"box","text":"We undertake fundamental analysis on bond issuers, which","page_number":155,"box":{"x":42,"y":334,"width":450,"height":11}},{"id":"917e9b1b-0c9d-4e14-b11a-3d3837211997","block_type":"box","text":"includes an evaluation of risks that environmental, social","page_number":155,"box":{"x":43,"y":348,"width":449,"height":11}},{"id":"5aac10a8-28b3-4c3d-8805-6fcb10ccf828","block_type":"box","text":"and governance (“ESG”) factors pose. We implement an","page_number":155,"box":{"x":42,"y":362,"width":450,"height":12}},{"id":"9adce2c8-008c-489c-9975-1486531d3ce4","block_type":"box","text":"in-house scoring system which combines our assessment of","page_number":155,"box":{"x":43,"y":377,"width":449,"height":11}},{"id":"a53ac95b-4c18-445f-a402-3353201df742","block_type":"box","text":"the materiality of ESG risks associated with each industry","page_number":155,"box":{"x":42,"y":391,"width":450,"height":11}},{"id":"5b4ef3ea-d2a7-4d1e-b2da-2b56c50c13b3","block_type":"box","text":"sector with data on each bond issuer to generate an overall","page_number":155,"box":{"x":42,"y":405,"width":450,"height":11}},{"id":"dc2a5370-7e37-4f1f-9bd4-73c91d9e06c1","block_type":"box","text":"issuer-specific ESG rating. All issuers in sectors considered","page_number":155,"box":{"x":43,"y":419,"width":449,"height":12}},{"id":"80a737bc-45a0-4f60-881f-b29c38a89cc4","block_type":"box","text":"to have high ESG risk will be limited in the overall ESG rating","page_number":155,"box":{"x":42,"y":434,"width":450,"height":11}},{"id":"b58694a8-47d0-4a2d-b374-f5d061ff5b0e","block_type":"box","text":"that they can achieve, relative to issuers in sectors with lower","page_number":155,"box":{"x":42,"y":448,"width":450,"height":11}},{"id":"3fd7a515-e164-41e6-95b9-476818605377","block_type":"box","text":"ESG risks, but will not necessarily be excluded solely on","page_number":155,"box":{"x":43,"y":462,"width":449,"height":11}},{"id":"a9781f68-d700-4ce0-84eb-b2024f032b12","block_type":"box","text":"this basis. We will only invest in bonds whose issuer has an","page_number":155,"box":{"x":42,"y":477,"width":450,"height":11}},{"id":"49f34ec4-2377-493b-a8f9-b6622308d858","block_type":"box","text":"ESG rating of 3 and above, out of a maximum of 10 on our","page_number":155,"box":{"x":43,"y":491,"width":449,"height":11}},{"id":"824ea2de-3de4-47b2-9761-1268b61440a5","block_type":"box","text":"in-house scoring system.","page_number":155,"box":{"x":43,"y":505,"width":183,"height":11}},{"id":"90c5ae84-5490-45d9-a5bf-03fb8a500703","block_type":"box","text":"Stewardship","page_number":155,"box":{"x":43,"y":530,"width":91,"height":11}},{"id":"a25a1d34-e6bc-464e-ae3c-5f4c323e8d2d","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":155,"box":{"x":43,"y":555,"width":449,"height":11}},{"id":"1929d32f-670e-491c-984a-dcb9b3cf0152","block_type":"box","text":"engage, as far as possible, with underlying corporate bond","page_number":155,"box":{"x":42,"y":569,"width":450,"height":11}},{"id":"95d4d575-d08f-43ed-8874-20797694ec99","block_type":"box","text":"issuers to promote actions to mitigate material environmental,","page_number":155,"box":{"x":43,"y":584,"width":449,"height":11}},{"id":"f1ee4e81-089c-463d-abc4-0d9f740d1cc5","block_type":"box","text":"social and/or governance risks identified. Engagements","page_number":155,"box":{"x":42,"y":598,"width":450,"height":11}},{"id":"c8b38aa8-bb61-43a4-b3b5-abf9a155d8f5","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":155,"box":{"x":42,"y":612,"width":450,"height":11}},{"id":"caa0b3c5-4fcd-4848-93e6-12da5d3b01e2","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":155,"box":{"x":42,"y":626,"width":450,"height":11}},{"id":"6b042bd0-6f86-4339-9f7b-50f1d231c003","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":155,"box":{"x":42,"y":640,"width":450,"height":12}},{"id":"a8a93411-6680-4d4c-9d39-32935450b535","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":155,"box":{"x":42,"y":655,"width":450,"height":11}},{"id":"d66c1caf-c289-4b7a-ba62-a4b3c78c2fac","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":155,"box":{"x":42,"y":669,"width":450,"height":9}},{"id":"f2d26f19-ddf4-4a09-872d-8756e3468b36","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":155,"box":{"x":42,"y":683,"width":318,"height":11}},{"id":"7e4439fd-2a3a-4c9d-9c61-bde3e18fba41","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":155,"box":{"x":43,"y":708,"width":443,"height":11}},{"id":"b2726a82-cd26-446c-b28e-014791d762c6","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":155,"box":{"x":42,"y":723,"width":444,"height":11}},{"id":"42331220-44f2-4423-822f-9c7b146047ae","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":155,"box":{"x":43,"y":737,"width":443,"height":11}},{"id":"832fbd88-6b76-4816-942a-b1f2b4c3f324","block_type":"box","text":"long-term financial performance for investors.","page_number":155,"box":{"x":43,"y":751,"width":334,"height":11}},{"id":"913cc90e-2d3e-4abc-925a-87b469b7a92b","block_type":"box","text":"Restrictions","page_number":155,"box":{"x":43,"y":776,"width":87,"height":9}},{"id":"a6c68c61-960f-44c7-af34-5d45f24433a7","block_type":"box","text":"Our approach to investing responsibly includes avoiding","page_number":155,"box":{"x":43,"y":801,"width":443,"height":11}},{"id":"e19f9abf-1e78-403a-a7e9-7be2f7666a42","block_type":"box","text":"bonds issued by companies that are materially engaged in","page_number":155,"box":{"x":43,"y":815,"width":443,"height":11}},{"id":"2f34f6c7-6409-4352-a6f7-fb2d375a3335","block_type":"box","text":"certain sectors, including the production or distribution of","page_number":155,"box":{"x":42,"y":829,"width":446,"height":12}},{"id":"d188a0e3-340f-4569-b735-5393a8acff3c","block_type":"box","text":"tobacco, alcohol, armaments, gambling, adult entertainment","page_number":155,"box":{"x":42,"y":844,"width":450,"height":11}},{"id":"d86ddf56-a960-45af-a232-f8621c0c9480","block_type":"box","text":"and the extraction of fossil fuels. Further detail on how we","page_number":155,"box":{"x":42,"y":858,"width":450,"height":9}},{"id":"7403fb0d-2dcc-4e13-a77b-8a7973f51205","block_type":"box","text":"do this is available in the Guide to Ethical Exclusions which","page_number":155,"box":{"x":42,"y":872,"width":450,"height":9}},{"id":"9de5da52-c0c9-4dcc-898d-e5d8e1d757ec","block_type":"box","text":"is available on our website at www.sarasinandpartners.com/","page_number":155,"box":{"x":43,"y":886,"width":444,"height":11}},{"id":"0c7d9f1a-08b4-4414-abbd-9c36ee3eca1b","block_type":"box","text":"fund/sarasin-responsible-corporate-bond.","page_number":155,"box":{"x":42,"y":901,"width":305,"height":11}},{"id":"8e6ecd01-5db8-418e-b09d-061edf340dea","block_type":"box","text":"Additional Techniques","page_number":155,"box":{"x":511,"y":79,"width":164,"height":11}},{"id":"9d4595ff-186b-4f94-a29d-8a192ca1257c","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":155,"box":{"x":512,"y":104,"width":450,"height":11}},{"id":"ea5378b0-9616-4f64-ada3-d552eb66f6ef","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":155,"box":{"x":513,"y":118,"width":449,"height":12}},{"id":"70df2dc3-9a9e-4f13-a8c8-bcbf6031bb84","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":155,"box":{"x":513,"y":133,"width":449,"height":8}},{"id":"70947b30-87fc-49bc-95fe-b2632c5da1c3","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":155,"box":{"x":513,"y":147,"width":449,"height":11}},{"id":"b96c531e-7ea0-489a-8c03-1d609b59e1a7","block_type":"box","text":"share prices, currencies).","page_number":155,"box":{"x":512,"y":161,"width":187,"height":11}},{"id":"f0bfa6dc-27e2-4b13-961e-b85e7e575e43","block_type":"box","text":"Sustainability Labels","page_number":155,"box":{"x":513,"y":186,"width":152,"height":11}},{"id":"3df35ebe-2e2a-4e94-9a65-6b9d75562d4c","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":155,"box":{"x":512,"y":211,"width":450,"height":11}},{"id":"0a7744ba-b303-4ec6-af26-6f2d8df5937e","block_type":"box","text":"specific sustainability goal.","page_number":155,"box":{"x":512,"y":225,"width":196,"height":11}},{"id":"2888d510-7bbe-4570-9887-fd778368f19b","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":155,"box":{"x":512,"y":250,"width":450,"height":11}},{"id":"f75d81be-24da-4456-af08-e9f642cd06f2","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":155,"box":{"x":512,"y":264,"width":450,"height":12}},{"id":"02483c88-75f7-4668-9b75-41c163589d6f","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":155,"box":{"x":513,"y":279,"width":449,"height":11}},{"id":"80b3317a-6843-4be5-af38-b1143ad1b734","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":155,"box":{"x":512,"y":293,"width":450,"height":11}},{"id":"c8ca19f6-891f-40b8-a6ee-560609508a1a","block_type":"box","text":"sustainability investment label.","page_number":155,"box":{"x":512,"y":307,"width":225,"height":11}},{"id":"02fa6894-05ae-4a84-a400-fe1fe782d343","block_type":"box","text":"Benchmark Information","page_number":155,"box":{"x":513,"y":332,"width":186,"height":9}},{"id":"a530fa3a-0d6a-4465-9b32-fdb8ed83fd93","block_type":"box","text":"The sub-fund’s performance can be assessed by reference","page_number":155,"box":{"x":512,"y":346,"width":450,"height":12}},{"id":"6e3df683-c4f6-4bb2-b9ef-61fd56ec4c08","block_type":"box","text":"to the ICE BofAML Sterling Non-Gilt Index as it represents","page_number":155,"box":{"x":512,"y":361,"width":450,"height":11}},{"id":"0d54c486-35cf-4cf8-83ed-53425444622d","block_type":"box","text":"the performance of Sterling denominated bonds issued by","page_number":155,"box":{"x":512,"y":375,"width":450,"height":11}},{"id":"17c8bce2-3dbd-42b2-8a77-ae7128bb835e","block_type":"box","text":"companies.","page_number":155,"box":{"x":512,"y":389,"width":84,"height":11}},{"id":"c0ee6e93-4f5b-48c9-8df5-395d961750c5","block_type":"box","text":"Sensitivity Analysis","page_number":155,"box":{"x":512,"y":414,"width":161,"height":11}},{"id":"bec7a35c-3921-48bc-a5ab-35e7ebb596ce","block_type":"box","text":"The sub-fund invests in non-government bonds using an","page_number":155,"box":{"x":512,"y":428,"width":450,"height":12}},{"id":"90fb7955-e521-4291-a53a-0d8d80ab4c39","block_type":"box","text":"internal ESG rating process. Exposure to certain parts of","page_number":155,"box":{"x":513,"y":443,"width":449,"height":11}},{"id":"9b6cf723-309f-431e-8fd9-95d7f696f898","block_type":"box","text":"the yield curve has been done through swaps, swaptions,","page_number":155,"box":{"x":512,"y":457,"width":450,"height":11}},{"id":"4d4dedbd-2ba2-4b4b-8236-15146162c21b","block_type":"box","text":"or options. Occasionally, small currency positions are","page_number":155,"box":{"x":512,"y":471,"width":450,"height":11}},{"id":"b19fcc40-1d14-4b69-bd32-106526ac2bd5","block_type":"box","text":"implemented through forwards or options to implement views","page_number":155,"box":{"x":513,"y":485,"width":449,"height":12}},{"id":"2776250f-6d52-4fd2-ba37-792d18adf680","block_type":"box","text":"on currencies and credit exposure on bonds is sometimes","page_number":155,"box":{"x":512,"y":500,"width":450,"height":11}},{"id":"ca45fe6d-8432-4d7f-96ce-9adf845b9d95","block_type":"box","text":"hedged using credit default swaps.","page_number":155,"box":{"x":513,"y":514,"width":256,"height":11}},{"id":"4d7028e5-34c1-4b8a-9998-fc895207c0a7","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":155,"box":{"x":512,"y":539,"width":450,"height":9}},{"id":"e9c57228-ffa6-40e1-8e48-daa3e420e667","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":155,"box":{"x":513,"y":553,"width":449,"height":11}},{"id":"46f8ca92-b427-4f60-b142-4309b73d5021","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":155,"box":{"x":512,"y":568,"width":450,"height":10}},{"id":"47732c32-f3f3-4b9e-a86b-55b5f200a221","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":155,"box":{"x":512,"y":582,"width":450,"height":11}},{"id":"a81214ee-8645-4321-b6de-aeb661ae3b23","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":155,"box":{"x":512,"y":596,"width":450,"height":11}},{"id":"1093cbbe-c582-4a2a-aecf-ef1c43061384","block_type":"box","text":"Carlo simulation methodology.","page_number":155,"box":{"x":512,"y":610,"width":223,"height":11}},{"id":"efb55a2b-1301-4e88-aa3f-288c2c3ec303","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":155,"box":{"x":512,"y":635,"width":450,"height":11}},{"id":"793ec86b-3332-48e4-8132-fe897923aa79","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":155,"box":{"x":513,"y":649,"width":449,"height":12}},{"id":"d06fd4af-9ccb-4d6e-a655-13a0e32a9c8d","block_type":"box","text":"portfolio over a specific timeframe.","page_number":155,"box":{"x":513,"y":664,"width":253,"height":11}},{"id":"2025a3db-4633-4d13-a7c2-c5ae0e20492c","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":155,"box":{"x":512,"y":689,"width":444,"height":11}},{"id":"aa990528-9777-4634-8570-937c5c0e198d","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":155,"box":{"x":512,"y":703,"width":445,"height":11}},{"id":"26eca9e1-8873-466e-be17-58934d7b730b","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":155,"box":{"x":513,"y":717,"width":443,"height":11}},{"id":"38ddc2ac-7aa7-4f06-9eb3-fffd02ff6dfd","block_type":"box","text":"based on the 99th percentile.","page_number":155,"box":{"x":513,"y":731,"width":214,"height":11}},{"id":"8f0890c9-bc05-43a0-991a-dc79b6962f71","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Responsible Corporate","page_number":155,"box":{"x":512,"y":756,"width":444,"height":12}},{"id":"b644d15e-99f1-4135-9688-345a50991046","block_type":"box","text":"Bond, as at 3 July 2026, was 2.88% (31 December 2025:","page_number":155,"box":{"x":513,"y":771,"width":443,"height":11}},{"id":"270d08df-7a07-4497-9c9b-f5a983fe25e6","block_type":"box","text":"2.43%). The lowest, highest, and average utilisation in","page_number":155,"box":{"x":512,"y":785,"width":444,"height":11}},{"id":"d6d35045-1a9e-4612-ae3c-aed95fe2c7bd","block_type":"box","text":"the period was 2.23%, 3.22% and 2.75%, respectively","page_number":155,"box":{"x":512,"y":799,"width":445,"height":11}},{"id":"5be16e46-93f5-4e0f-9d17-6f9e73293805","block_type":"box","text":"(31 December 2025: 2.32%, 3.23% and 2.77% respectively).","page_number":155,"box":{"x":513,"y":813,"width":443,"height":12}},{"id":"0eccda7b-9998-47c8-bc1f-edc1f1309c47","block_type":"box","text":"155","page_number":156,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"32fcf76c-b98b-4245-897c-75519d7fc15c","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":156,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"785b515d-f370-4fd1-887f-960249b39799","block_type":"box","text":"Investment Review \r\nview","page_number":156,"box":{"x":43,"y":79,"width":155,"height":9}},{"id":"db7bcc78-1b5c-4f3f-8738-191dff4d51e1","block_type":"box","text":"Investment Review","page_number":156,"box":{"x":42,"y":88,"width":1,"height":0}},{"id":"75159ebd-bcdc-453e-97a3-ae3529c5cc7b","block_type":"box","text":"Sub-fund Performance","page_number":156,"box":{"x":42,"y":94,"width":180,"height":8}},{"id":"49f02844-ad24-44d1-a363-c4369e576363","block_type":"box","text":"Cumulative performance","page_number":156,"box":{"x":49,"y":112,"width":196,"height":11}},{"id":"7b86db46-764b-4132-ad5e-3a04d62a0e45","block_type":"box","text":"6","page_number":156,"box":{"x":452,"y":120,"width":14,"height":8}},{"id":"8504bd08-5877-4cd9-80c4-1b96324bca0f","block_type":"box","text":"mos","page_number":156,"box":{"x":467,"y":122,"width":30,"height":6}},{"id":"ce97c506-2eba-436a-86d9-beead966c98b","block_type":"box","text":"1","page_number":156,"box":{"x":569,"y":120,"width":12,"height":8}},{"id":"a64a83bc-1143-44d4-87fe-f1903e854db9","block_type":"box","text":"yr","page_number":156,"box":{"x":581,"y":122,"width":14,"height":9}},{"id":"c3c998d7-7e06-4e82-94b3-ac1c435cc9c3","block_type":"box","text":"3","page_number":156,"box":{"x":670,"y":119,"width":13,"height":9}},{"id":"b92e7ecb-f88a-4def-9627-f2ae9c35fb5f","block_type":"box","text":"yrs","page_number":156,"box":{"x":684,"y":122,"width":21,"height":9}},{"id":"ef4d1cf2-37c3-4a39-9d01-0affea6f104e","block_type":"box","text":"5","page_number":156,"box":{"x":777,"y":120,"width":13,"height":8}},{"id":"0cfa7564-2fd2-4204-9205-a3779715f0aa","block_type":"box","text":"yrs","page_number":156,"box":{"x":790,"y":122,"width":22,"height":9}},{"id":"421ea0a4-4510-4d4c-9013-402ab49dc440","block_type":"box","text":"Since","page_number":156,"box":{"x":881,"y":112,"width":46,"height":9}},{"id":"115ae122-ec92-4f44-b354-207eba238137","block_type":"box","text":"Inception","page_number":156,"box":{"x":869,"y":127,"width":66,"height":11}},{"id":"fe2bd442-c787-41f9-88d9-af2eff7da57c","block_type":"box","text":"01 Jan 26 -","page_number":156,"box":{"x":433,"y":144,"width":88,"height":9}},{"id":"94e7b935-339e-4378-aaba-0d128a15ae11","block_type":"box","text":"03 Jul 26","page_number":156,"box":{"x":441,"y":159,"width":67,"height":8}},{"id":"87e839e5-b807-4331-a758-dff85732d881","block_type":"box","text":"01 Jul 25 –","page_number":156,"box":{"x":541,"y":144,"width":86,"height":9}},{"id":"30b62e73-454b-4c8c-b20f-08e29f63828d","block_type":"box","text":"03 Jul 26","page_number":156,"box":{"x":548,"y":159,"width":66,"height":8}},{"id":"2cf793d0-e9f2-4b52-b23b-02d7481fd808","block_type":"box","text":"01 Jul 23 –","page_number":156,"box":{"x":647,"y":144,"width":86,"height":9}},{"id":"1fba7b8b-d4d3-4e73-873f-87a13bcb025c","block_type":"box","text":"03 Jul 26","page_number":156,"box":{"x":654,"y":159,"width":67,"height":8}},{"id":"d63f535d-59e9-4ca8-9f12-543e4a94f3bf","block_type":"box","text":"01 Jul 21 -","page_number":156,"box":{"x":756,"y":144,"width":82,"height":9}},{"id":"3bcd06ee-89c8-4187-80fb-a38753bfd930","block_type":"box","text":"03 Jul 26","page_number":156,"box":{"x":761,"y":159,"width":67,"height":8}},{"id":"788320f4-1a3d-4ab9-855c-321460b57777","block_type":"box","text":"14 Nov 16 -","page_number":156,"box":{"x":860,"y":144,"width":90,"height":9}},{"id":"7ecb9a7e-9f95-431c-8b46-150a3e3478a0","block_type":"box","text":"03 Jul 26","page_number":156,"box":{"x":868,"y":159,"width":67,"height":8}},{"id":"6e23d425-e165-4e81-882e-42c9e760c748","block_type":"box","text":"%","page_number":156,"box":{"x":468,"y":181,"width":13,"height":9}},{"id":"9e54d530-8e6c-4191-8f05-cff304763646","block_type":"box","text":"%","page_number":156,"box":{"x":575,"y":181,"width":13,"height":9}},{"id":"dd39408c-3220-454d-a891-bfe019c4db25","block_type":"box","text":"%","page_number":156,"box":{"x":681,"y":181,"width":13,"height":9}},{"id":"64f9fe82-afcf-4c42-8a7e-2223252af5aa","block_type":"box","text":"%","page_number":156,"box":{"x":788,"y":181,"width":13,"height":9}},{"id":"3721aedd-0e8a-42b5-becf-f1e208e69313","block_type":"box","text":"%","page_number":156,"box":{"x":895,"y":181,"width":13,"height":9}},{"id":"257b9ca0-1036-4ef9-9ed9-235a1cd1e7c2","block_type":"box","text":"Fund","page_number":156,"box":{"x":50,"y":194,"width":36,"height":9}},{"id":"69dbe201-e193-471b-98cc-3fd35402a0e2","block_type":"box","text":"P A","page_number":156,"box":{"x":308,"y":194,"width":14,"height":9}},{"id":"c8ab158c-52e7-45d1-9fab-df3cfe388339","block_type":"box","text":"Acc","page_number":156,"box":{"x":322,"y":194,"width":27,"height":9}},{"id":"28b4e473-3d3d-4757-85db-d518155ba956","block_type":"box","text":"(Net)","page_number":156,"box":{"x":350,"y":194,"width":41,"height":11}},{"id":"67a97313-51ee-4cba-a4c3-0430ec4e0adf","block_type":"box","text":"0.70","page_number":156,"box":{"x":459,"y":194,"width":31,"height":9}},{"id":"236eee57-324f-4a45-ac2e-396af96c9bb7","block_type":"box","text":"3.40","page_number":156,"box":{"x":565,"y":194,"width":32,"height":9}},{"id":"9449e03c-c7d4-485a-90a9-c6711d9386fc","block_type":"box","text":"19.20","page_number":156,"box":{"x":669,"y":194,"width":39,"height":9}},{"id":"5b0ef74a-b113-47e1-8e64-ec802fb3b9b3","block_type":"box","text":"-5.40","page_number":156,"box":{"x":776,"y":194,"width":37,"height":9}},{"id":"0b89559e-5a6a-4265-9cbe-5d5ce3c0fccf","block_type":"box","text":"16.90","page_number":156,"box":{"x":883,"y":194,"width":39,"height":9}},{"id":"6148009b-c8fc-4132-99f1-e8709c59adc5","block_type":"box","text":"Comparator","page_number":156,"box":{"x":49,"y":207,"width":88,"height":12}},{"id":"ba46b9a2-07b9-4e17-ae49-176334bfa15a","block_type":"box","text":"Index","page_number":156,"box":{"x":308,"y":208,"width":40,"height":8}},{"id":"c7cc5a26-39ad-4a6a-87b8-5bf69a498eab","block_type":"box","text":"0.90","page_number":156,"box":{"x":459,"y":207,"width":31,"height":9}},{"id":"fb2a4cf7-efc3-47e6-a6b0-0eb8d46e47cb","block_type":"box","text":"4.20","page_number":156,"box":{"x":565,"y":207,"width":32,"height":9}},{"id":"8592f11f-e7e5-44ec-ae3b-7895eab69c06","block_type":"box","text":"20.50","page_number":156,"box":{"x":667,"y":207,"width":41,"height":9}},{"id":"2d52e0ba-d906-4730-921e-51776976d046","block_type":"box","text":"-2.80","page_number":156,"box":{"x":776,"y":207,"width":37,"height":9}},{"id":"729d0e16-9c63-4e1d-afac-8b86b5966b03","block_type":"box","text":"17.90","page_number":156,"box":{"x":883,"y":207,"width":39,"height":9}},{"id":"047c0a23-de0a-4a73-90ff-819c3606b9ef","block_type":"box","text":"Discrete performance","page_number":156,"box":{"x":50,"y":252,"width":171,"height":11}},{"id":"00d662d2-19ff-4189-9f3d-ca890fbddff4","block_type":"box","text":"01 Jul 25 –","page_number":156,"box":{"x":434,"y":252,"width":86,"height":8}},{"id":"83a04beb-cf19-4e1a-9696-d0eac00befb9","block_type":"box","text":"03 Jul 26","page_number":156,"box":{"x":441,"y":266,"width":67,"height":9}},{"id":"f8eea9cd-3acb-448c-a114-453062a82087","block_type":"box","text":"01 Jul 24 –","page_number":156,"box":{"x":541,"y":252,"width":86,"height":8}},{"id":"6b6d1ca4-f0f3-424e-91e7-b16ba586625d","block_type":"box","text":"30 Jun 25","page_number":156,"box":{"x":545,"y":266,"width":72,"height":9}},{"id":"42307c76-2d03-41b8-b774-71879a7aa7c2","block_type":"box","text":"01 Jul 23 –","page_number":156,"box":{"x":647,"y":252,"width":86,"height":8}},{"id":"1856af45-88a8-4c77-b02b-8967157078bb","block_type":"box","text":"30 Jun 24","page_number":156,"box":{"x":652,"y":266,"width":72,"height":9}},{"id":"50903651-76da-4a93-9b59-a8b9b7cdd7b1","block_type":"box","text":"01 Jul 22 –","page_number":156,"box":{"x":754,"y":252,"width":86,"height":8}},{"id":"22bd1a03-3182-48b5-87a5-5323ac55ee50","block_type":"box","text":"30 Jun 23","page_number":156,"box":{"x":758,"y":266,"width":72,"height":9}},{"id":"d75454e3-f6bd-4978-96d2-01ee987a0d05","block_type":"box","text":"01 Jul 21 –","page_number":156,"box":{"x":861,"y":252,"width":86,"height":8}},{"id":"2d29f558-1bba-4586-9982-43b386b2053e","block_type":"box","text":"30 Jun 22","page_number":156,"box":{"x":866,"y":266,"width":72,"height":9}},{"id":"e332f6d4-a237-443d-9bae-b48f8ac200a6","block_type":"box","text":"%","page_number":156,"box":{"x":468,"y":288,"width":13,"height":9}},{"id":"a980891b-3faf-4d45-bc03-a4f0226d8bf4","block_type":"box","text":"%","page_number":156,"box":{"x":575,"y":288,"width":13,"height":9}},{"id":"219cbb56-5a9c-47eb-b075-b10b3191ea68","block_type":"box","text":"%","page_number":156,"box":{"x":681,"y":288,"width":13,"height":9}},{"id":"096a7f9c-5db3-447f-aec7-89e97d1cec10","block_type":"box","text":"%","page_number":156,"box":{"x":788,"y":288,"width":13,"height":9}},{"id":"563105d6-addc-45df-bc5a-80593a692ee4","block_type":"box","text":"%","page_number":156,"box":{"x":895,"y":288,"width":13,"height":9}},{"id":"932e78d2-f6c3-4049-b925-7d91bc32b4c3","block_type":"box","text":"Fund","page_number":156,"box":{"x":50,"y":302,"width":36,"height":8}},{"id":"6eb02764-8c79-4059-9f0b-87c9a5d6c5f0","block_type":"box","text":"P A","page_number":156,"box":{"x":308,"y":302,"width":14,"height":8}},{"id":"533fdcb1-3d3c-4a45-b419-4e72f9be5814","block_type":"box","text":"Acc","page_number":156,"box":{"x":322,"y":301,"width":27,"height":9}},{"id":"d43871ca-1fcf-44ee-b1f7-5c85d29e9743","block_type":"box","text":"(Net)","page_number":156,"box":{"x":350,"y":301,"width":41,"height":12}},{"id":"89296375-6e7c-416e-a687-0c7c0b57c6e9","block_type":"box","text":"3.40","page_number":156,"box":{"x":459,"y":301,"width":31,"height":9}},{"id":"de01ce06-01e0-4e98-b6ee-b2d542d954c0","block_type":"box","text":"5.00","page_number":156,"box":{"x":565,"y":301,"width":32,"height":9}},{"id":"4cb23155-03c0-4564-bc0e-918d728d9f12","block_type":"box","text":"9.50","page_number":156,"box":{"x":672,"y":301,"width":31,"height":9}},{"id":"21b47beb-e6b5-402f-9041-4fc8ee3bd08b","block_type":"box","text":"-7.10","page_number":156,"box":{"x":776,"y":301,"width":37,"height":9}},{"id":"704ad846-c9c8-474e-ac3a-cf513a98f840","block_type":"box","text":"-14.70","page_number":156,"box":{"x":878,"y":301,"width":47,"height":9}},{"id":"71e34c98-1c0a-4bd0-b3ba-3b5920d13289","block_type":"box","text":"Comparator","page_number":156,"box":{"x":49,"y":315,"width":88,"height":11}},{"id":"5569f96d-9304-465c-9177-24d76450fa37","block_type":"box","text":"Index","page_number":156,"box":{"x":308,"y":315,"width":40,"height":9}},{"id":"120a9110-6927-4216-844b-d22a1c22637f","block_type":"box","text":"4.20","page_number":156,"box":{"x":458,"y":315,"width":32,"height":9}},{"id":"7cbc80ac-d0c8-4ce6-8607-e61f18f8cc94","block_type":"box","text":"5.40","page_number":156,"box":{"x":565,"y":315,"width":32,"height":9}},{"id":"f1f5559d-0117-419d-ade3-3c508daf8946","block_type":"box","text":"9.70","page_number":156,"box":{"x":672,"y":315,"width":31,"height":9}},{"id":"3b910062-8fda-4d0d-920c-8048306c7f38","block_type":"box","text":"-7.10","page_number":156,"box":{"x":776,"y":315,"width":37,"height":9}},{"id":"6cd56934-ce0b-4355-986b-2e261b1977c6","block_type":"box","text":"-12.90","page_number":156,"box":{"x":878,"y":315,"width":47,"height":9}},{"id":"3efaee0f-5391-45a3-83a6-174ff0a4bff4","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":156,"box":{"x":43,"y":374,"width":220,"height":6}},{"id":"4902a83d-03f3-4f1e-8631-b7f6d1205275","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":156,"box":{"x":43,"y":394,"width":444,"height":6}},{"id":"c8c31227-a548-4513-b6af-af58a28c9da0","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":156,"box":{"x":42,"y":402,"width":445,"height":7}},{"id":"5b4659bc-8230-4042-99a3-086f84589218","block_type":"box","text":"reinvested.","page_number":156,"box":{"x":42,"y":411,"width":48,"height":5}},{"id":"0afcd55d-86ad-4704-b721-c18ba38bd3dd","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched on","page_number":156,"box":{"x":42,"y":430,"width":445,"height":7}},{"id":"ee49e394-0d97-4014-b9a8-4ac3f5107505","block_type":"box","text":"14 November 2016.","page_number":156,"box":{"x":43,"y":439,"width":86,"height":5}},{"id":"6d5cc6d6-5442-423d-941d-40b9470f8fff","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":156,"box":{"x":43,"y":458,"width":444,"height":7}},{"id":"4d9ae3a6-2363-4046-81ef-7bfac292bfcb","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":156,"box":{"x":42,"y":466,"width":116,"height":7}},{"id":"f8e55c5c-7eca-4bcf-9161-b245d6c89595","block_type":"box","text":"Performance","page_number":156,"box":{"x":43,"y":488,"width":101,"height":9}},{"id":"69b144f7-ea1c-467b-a65c-ae6a049e2a6a","block_type":"box","text":"The sub-fund returned 0.70% for the period from","page_number":156,"box":{"x":42,"y":502,"width":450,"height":11}},{"id":"09c1e500-577e-4269-8c12-7205a1d9a527","block_type":"box","text":"1 January 2026 to 3 July 2026, versus 0.90% for the","page_number":156,"box":{"x":44,"y":516,"width":448,"height":12}},{"id":"65849b2c-c862-49e3-9aa9-366c78b79574","block_type":"box","text":"comparator benchmark.","page_number":156,"box":{"x":42,"y":531,"width":176,"height":11}},{"id":"83ef5d04-c845-4e5c-b86a-b9e52bd9232d","block_type":"box","text":"Review","page_number":156,"box":{"x":43,"y":556,"width":57,"height":8}},{"id":"d17c5661-746a-47ff-9438-59a51c1a55f6","block_type":"box","text":"Bond markets were increasingly impacted by heightened","page_number":156,"box":{"x":43,"y":570,"width":449,"height":11}},{"id":"2ba388ea-6a83-4edf-82fa-77d866e69597","block_type":"box","text":"geopolitical tensions during the period. The escalation of","page_number":156,"box":{"x":42,"y":584,"width":450,"height":11}},{"id":"25982b1c-9591-4605-8066-a1eab6e276ab","block_type":"box","text":"conflict in the Middle East contributed to greater uncertainty,","page_number":156,"box":{"x":42,"y":598,"width":450,"height":12}},{"id":"bcc27e9b-2092-462c-abd1-6216470eff53","block_type":"box","text":"particularly through its impact on global energy markets,","page_number":156,"box":{"x":43,"y":613,"width":449,"height":11}},{"id":"3365932b-2b1c-4baf-b438-39d899e6aabc","block_type":"box","text":"causing the outlook for economic growth to weaken. More","page_number":156,"box":{"x":42,"y":627,"width":450,"height":11}},{"id":"70045dd4-81cd-41e8-8600-da909eaf6c71","block_type":"box","text":"broadly, this backdrop contributed to increased market","page_number":156,"box":{"x":43,"y":641,"width":449,"height":11}},{"id":"7265c517-a784-4ff7-a6de-c4f9fed4c5f1","block_type":"box","text":"volatility and a reassessment of global risk.","page_number":156,"box":{"x":42,"y":655,"width":318,"height":12}},{"id":"b6e2097d-517b-41af-b5b7-79a800faefb7","block_type":"box","text":"Inflation proved more persistent than previously expected,","page_number":156,"box":{"x":43,"y":680,"width":449,"height":12}},{"id":"2910af77-09a9-4380-8814-99b3ebf9dc7f","block_type":"box","text":"reflecting higher energy prices and resilient underlying","page_number":156,"box":{"x":43,"y":695,"width":443,"height":11}},{"id":"d2840c98-f1c5-47fe-8a7d-0dcd6a9dd2fd","block_type":"box","text":"demand. As a result, central banks adopted a more cautious","page_number":156,"box":{"x":42,"y":709,"width":445,"height":11}},{"id":"207a834e-de28-4479-adfe-66ac037c0013","block_type":"box","text":"stance, with expectations for interest rate cuts pushed","page_number":156,"box":{"x":42,"y":723,"width":444,"height":11}},{"id":"594e6e02-0809-410c-bffb-14e3acf4e4d7","block_type":"box","text":"further out. In Europe, the European Central Bank raised","page_number":156,"box":{"x":42,"y":737,"width":444,"height":11}},{"id":"7d0ff5ac-584d-4bb2-abfd-8e5f05f56435","block_type":"box","text":"interest rates in June, its first increase since 2023, while","page_number":156,"box":{"x":43,"y":752,"width":444,"height":10}},{"id":"36d41850-97ea-4928-9db5-dcc57df1459b","block_type":"box","text":"in the UK, market pricing reflected the possibility of further","page_number":156,"box":{"x":43,"y":766,"width":445,"height":11}},{"id":"c46fda16-074e-42dd-a066-5ed967f6e8c3","block_type":"box","text":"policy tightening.","page_number":156,"box":{"x":43,"y":780,"width":122,"height":11}},{"id":"e790813f-f24c-4e33-9808-7bde23b46d3c","block_type":"box","text":"Fears of a more prolonged energy shock eased later in the","page_number":156,"box":{"x":43,"y":805,"width":444,"height":11}},{"id":"fb3e7f30-be93-46d5-9f77-2ddd53a87122","block_type":"box","text":"period, helping to support financial markets. Meanwhile,","page_number":156,"box":{"x":43,"y":819,"width":443,"height":12}},{"id":"008f65bb-fba6-4aab-89bb-119d33c15962","block_type":"box","text":"economic activity remained underpinned by resilient labour","page_number":156,"box":{"x":42,"y":834,"width":446,"height":11}},{"id":"f2022d73-3428-458d-8619-14d23941105a","block_type":"box","text":"markets, ongoing fiscal spending and continued investment","page_number":156,"box":{"x":43,"y":848,"width":449,"height":11}},{"id":"59378c7e-cf52-4071-9fc4-3d3dcd2e7568","block_type":"box","text":"in artificial intelligence. Across the major economies, growth","page_number":156,"box":{"x":43,"y":862,"width":449,"height":11}},{"id":"3515fa5b-8b0b-4711-819b-cf3448ae5aa7","block_type":"box","text":"remained positive, with the US continuing to outperform the","page_number":156,"box":{"x":43,"y":876,"width":449,"height":12}},{"id":"b4be8b26-3dae-4124-932d-c829195270f1","block_type":"box","text":"UK and Europe.","page_number":156,"box":{"x":43,"y":891,"width":117,"height":11}},{"id":"6806cd78-9d25-4f4d-9e6d-3ed590e1228d","block_type":"box","text":"A negative performance by sterling corporate bonds during","page_number":156,"box":{"x":512,"y":377,"width":450,"height":11}},{"id":"a99ec417-bc5a-43aa-8bb0-d9b97830f152","block_type":"box","text":"the first three months of 2026 became positive in the","page_number":156,"box":{"x":512,"y":391,"width":450,"height":11}},{"id":"dda1a536-eb91-46e1-8131-ced5f92e27aa","block_type":"box","text":"following three months, and they outperformed government","page_number":156,"box":{"x":512,"y":405,"width":450,"height":11}},{"id":"4bcc0ec9-b61a-4d40-b712-8c33e674b394","block_type":"box","text":"bonds throughout the period.","page_number":156,"box":{"x":513,"y":420,"width":212,"height":11}},{"id":"e6134d9d-6b76-44b8-ac1b-1f111c4d19cc","block_type":"box","text":"Positives","page_number":156,"box":{"x":513,"y":445,"width":72,"height":8}},{"id":"43680a70-3b4c-44d9-9f84-d144df9111b8","block_type":"box","text":"During the period, the sub-fund benefitted from our modest","page_number":156,"box":{"x":513,"y":459,"width":449,"height":11}},{"id":"9ef70392-effc-4fe0-b343-3be03a25896b","block_type":"box","text":"risk-facing position relative to the benchmark, as well as","page_number":156,"box":{"x":513,"y":473,"width":449,"height":11}},{"id":"eeb78853-d508-4907-a1df-82f633f84a9d","block_type":"box","text":"selective profit-taking amid elevated geopolitical tensions","page_number":156,"box":{"x":512,"y":487,"width":450,"height":11}},{"id":"0ab47913-ba80-4338-94d4-568c855e9f68","block_type":"box","text":"and changing expectations for monetary policy.","page_number":156,"box":{"x":512,"y":501,"width":354,"height":12}},{"id":"ffc2a91b-2850-4ced-a8de-8db745c0f08d","block_type":"box","text":"In the first three months of the period, our underweight","page_number":156,"box":{"x":513,"y":526,"width":449,"height":12}},{"id":"787ae216-a3f0-4555-a123-19c3aa383c95","block_type":"box","text":"position in supranational bonds added value as the sector","page_number":156,"box":{"x":513,"y":541,"width":449,"height":11}},{"id":"118e565f-354a-474b-a776-425fefce700c","block_type":"box","text":"underperformed. We also saw strong selection within the","page_number":156,"box":{"x":513,"y":555,"width":449,"height":11}},{"id":"2e259df1-f1a9-43f3-b82a-32fd4c0b533d","block_type":"box","text":"insurance sector, which delivered positive returns. In the","page_number":156,"box":{"x":513,"y":569,"width":449,"height":11}},{"id":"85c0157c-2869-4872-b0bd-3b7178fb97c1","block_type":"box","text":"final three months of the period, positive contributions also","page_number":156,"box":{"x":512,"y":583,"width":450,"height":11}},{"id":"27c554be-3f73-4de5-9c88-3c987e35765a","block_type":"box","text":"came from banking, asset-backed securities and commercial","page_number":156,"box":{"x":512,"y":598,"width":450,"height":11}},{"id":"389546d5-b865-458b-af37-c1578879918e","block_type":"box","text":"mortgage-backed securities.","page_number":156,"box":{"x":513,"y":612,"width":208,"height":11}},{"id":"c260e4f4-7689-47a6-a0fd-83a7f469b981","block_type":"box","text":"Negatives","page_number":156,"box":{"x":513,"y":637,"width":77,"height":11}},{"id":"9dd20f6f-20ed-416d-b180-e056edd3cb42","block_type":"box","text":"During the first three months of the period, we saw weaker","page_number":156,"box":{"x":513,"y":651,"width":449,"height":11}},{"id":"e5ed446f-e7b8-46fc-92b9-223a957c3744","block_type":"box","text":"performance in real estate and asset-backed securities. In the","page_number":156,"box":{"x":513,"y":665,"width":449,"height":11}},{"id":"b56bae8c-d311-4c1e-82eb-10ff32e5ba77","block_type":"box","text":"last three months of the period, the sub-fund underperformed","page_number":156,"box":{"x":513,"y":680,"width":449,"height":11}},{"id":"d9393e28-28a5-4262-a7d2-39a1c744a682","block_type":"box","text":"due to our lack of exposure to some of the more cyclical","page_number":156,"box":{"x":512,"y":694,"width":444,"height":11}},{"id":"530ad202-0de0-4d2b-ac45-0ca075ff710d","block_type":"box","text":"sectors, such as automobiles and energy, which performed","page_number":156,"box":{"x":512,"y":708,"width":444,"height":11}},{"id":"845e5aee-46f2-4fa8-ac17-5dc8053e3878","block_type":"box","text":"well over the period.","page_number":156,"box":{"x":512,"y":722,"width":148,"height":11}},{"id":"e43dea0e-fb8b-4adc-a207-e9c39f975900","block_type":"box","text":"We retained a slightly overweight duration position relative","page_number":156,"box":{"x":512,"y":747,"width":444,"height":12}},{"id":"460a3c98-0244-4bf2-927a-2d5603a4e32b","block_type":"box","text":"to the benchmark, with our positioning along the yield curve","page_number":156,"box":{"x":512,"y":762,"width":444,"height":11}},{"id":"3ebbd182-1279-4450-b652-15d968471dc7","block_type":"box","text":"marginally detracting from performance.","page_number":156,"box":{"x":513,"y":776,"width":294,"height":11}},{"id":"76774a8c-a132-455c-9afc-c6e26f149cb0","block_type":"box","text":"Transactions","page_number":156,"box":{"x":512,"y":801,"width":102,"height":9}},{"id":"6249aba9-4ccb-4bdd-97b0-858af4a54c70","block_type":"box","text":"We favoured a modestly higher level of risk in the sub-fund","page_number":156,"box":{"x":512,"y":815,"width":444,"height":11}},{"id":"5947cf1f-8721-480f-819d-ea3e04f09d57","block_type":"box","text":"relative to the benchmark, with a bias towards more defensive","page_number":156,"box":{"x":513,"y":829,"width":443,"height":11}},{"id":"a4a99e16-3d49-4084-931b-ff6ce4d8072c","block_type":"box","text":"sectors, such as utilities and asset-backed securities. This","page_number":156,"box":{"x":512,"y":844,"width":450,"height":10}},{"id":"b63c4841-d6b4-4a55-b2d5-69bfa682b9df","block_type":"box","text":"positioning provided some protection following the escalation","page_number":156,"box":{"x":513,"y":858,"width":449,"height":11}},{"id":"f9e1a57d-9130-45f4-a6fb-f861b543bd09","block_type":"box","text":"of the conflict in the Middle East and the associated increase","page_number":156,"box":{"x":512,"y":872,"width":450,"height":9}},{"id":"84289b60-9603-4960-bb0b-5cd78853eab1","block_type":"box","text":"in market volatility and persistent inflationary pressures.","page_number":156,"box":{"x":513,"y":886,"width":410,"height":12}},{"id":"2ccf8a05-56e9-45e4-a83f-5907d8d2403d","block_type":"box","text":"156","page_number":157,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"8876a844-8f60-42d1-9700-591b12ac97c9","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":157,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"85843092-8264-45e7-920e-5a9c38406c27","block_type":"box","text":"Notable additions included Alphabet, Transport for London,","page_number":157,"box":{"x":43,"y":108,"width":449,"height":11}},{"id":"2a42a0e5-8e58-49d4-a373-6211a6e5a64d","block_type":"box","text":"Digital Realty Trust, M&G, Telefonica Emisiones and Morgan","page_number":157,"box":{"x":43,"y":122,"width":449,"height":11}},{"id":"472ec0a5-ce7d-448d-8780-a7ae070b167d","block_type":"box","text":"Stanley, where we identified attractive relative value. In","page_number":157,"box":{"x":43,"y":136,"width":449,"height":11}},{"id":"b7e4aff0-d527-4e85-a797-201016cf3e3d","block_type":"box","text":"financials, we rotated some of our UK bank exposure into","page_number":157,"box":{"x":42,"y":150,"width":450,"height":12}},{"id":"be7605c7-5584-46c0-8db7-3d30b9bca6ac","block_type":"box","text":"Italian banks, reflecting a more attractive risk-return profile.","page_number":157,"box":{"x":43,"y":165,"width":440,"height":11}},{"id":"0af8d803-46be-4e75-92dc-6bb2fe5ae05a","block_type":"box","text":"We selectively reduced risk in names such as Aviva and","page_number":157,"box":{"x":42,"y":190,"width":450,"height":11}},{"id":"ecbf0448-45ef-4cba-9c5c-464187adf347","block_type":"box","text":"Legal & General driven by concerns around private credit","page_number":157,"box":{"x":43,"y":204,"width":449,"height":11}},{"id":"b389a949-0002-4f20-b56e-17ecd79b1bd6","block_type":"box","text":"exposure. Within telecommunications, we reduced our","page_number":157,"box":{"x":42,"y":218,"width":450,"height":11}},{"id":"00e6f2b7-4e23-45d0-a3f0-7519900bee9a","block_type":"box","text":"exposure to US telecom issuers and intend to continue","page_number":157,"box":{"x":42,"y":232,"width":450,"height":11}},{"id":"4879d506-dc39-4c5b-bad4-c444e5327f20","block_type":"box","text":"increasing our allocation to European telecoms, where","page_number":157,"box":{"x":43,"y":247,"width":449,"height":11}},{"id":"5c0bbd0e-7066-4017-9fb4-a9e088972cf5","block_type":"box","text":"improving fundamentals and more attractive valuations offer","page_number":157,"box":{"x":43,"y":261,"width":449,"height":11}},{"id":"dadb762c-d70a-4b2c-91f2-f3678fd79a25","block_type":"box","text":"better relative value.","page_number":157,"box":{"x":43,"y":275,"width":149,"height":9}},{"id":"bc590467-5e53-4eb8-a45a-76ddda3ea4ad","block_type":"box","text":"We selectively realised profits in a number of holdings,","page_number":157,"box":{"x":42,"y":300,"width":450,"height":11}},{"id":"e7b0c68e-08cb-45bf-bab0-57e2e8766ec9","block_type":"box","text":"including Segro, Center Parcs and Bazalgette Finance,","page_number":157,"box":{"x":43,"y":314,"width":449,"height":12}},{"id":"397a04fb-6a8b-4d50-a586-4d073459928e","block_type":"box","text":"where valuations had become increasingly stretched.","page_number":157,"box":{"x":42,"y":329,"width":393,"height":11}},{"id":"52f2b638-9192-4e74-b7cf-06a9cf3c0f89","block_type":"box","text":"Outlook","page_number":157,"box":{"x":43,"y":354,"width":62,"height":8}},{"id":"ea1cfee0-00da-4edf-b8b9-adb738fbee1a","block_type":"box","text":"The outlook for the global economy remains broadly","page_number":157,"box":{"x":42,"y":368,"width":450,"height":11}},{"id":"1d5cc484-5891-43a1-88c9-e392bd8f5ae5","block_type":"box","text":"supportive. Although geopolitical uncertainty is likely to","page_number":157,"box":{"x":42,"y":382,"width":450,"height":11}},{"id":"aa646516-b05d-4630-94c4-7133807c5789","block_type":"box","text":"persist, resilient labour markets should continue to underpin","page_number":157,"box":{"x":43,"y":396,"width":449,"height":11}},{"id":"5b636793-f669-4ce6-8364-b649911fab92","block_type":"box","text":"economic activity, provided energy prices continue to","page_number":157,"box":{"x":42,"y":411,"width":450,"height":11}},{"id":"ad94b308-6b36-45eb-80d3-ee55edfe068f","block_type":"box","text":"moderate. Growth in the UK and Europe is likely to remain","page_number":157,"box":{"x":43,"y":425,"width":449,"height":11}},{"id":"c780ea12-2798-492f-b3cd-9e7357b15360","block_type":"box","text":"subdued but positive, while the US economy is expected","page_number":157,"box":{"x":42,"y":439,"width":450,"height":11}},{"id":"9512c3c9-ea5e-47f0-bb1e-52288a4e209e","block_type":"box","text":"to continue expanding at a stronger pace. With inflation","page_number":157,"box":{"x":42,"y":453,"width":450,"height":12}},{"id":"5b132d69-32ae-4817-801f-1fb8d1839928","block_type":"box","text":"expected to remain persistent, central banks are likely to","page_number":157,"box":{"x":42,"y":468,"width":450,"height":11}},{"id":"2d307aaf-42a1-421c-8fbf-b4e8aea2a3c6","block_type":"box","text":"maintain a cautious approach, with interest rates remaining","page_number":157,"box":{"x":43,"y":482,"width":449,"height":11}},{"id":"c1f8a8c1-17aa-4e2f-989c-c9d91e1c9caf","block_type":"box","text":"higher for longer.","page_number":157,"box":{"x":43,"y":496,"width":130,"height":11}},{"id":"ac6fdf5f-ba4a-42cf-a648-fff842325d1a","block_type":"box","text":"We continue to see value in sterling corporate bonds despite","page_number":157,"box":{"x":42,"y":521,"width":450,"height":11}},{"id":"2f4f4e92-5b4b-408e-912b-722843920c82","block_type":"box","text":"low levels of compensation for credit risk by historical","page_number":157,"box":{"x":43,"y":535,"width":449,"height":12}},{"id":"fc6ac026-fcec-428d-a053-835a364bb6f5","block_type":"box","text":"standards. All-in yields remain attractive, supported by","page_number":157,"box":{"x":42,"y":550,"width":450,"height":11}},{"id":"82bf191e-c544-462d-a630-74dbc54216f5","block_type":"box","text":"elevated government bond yields, while healthy corporate","page_number":157,"box":{"x":42,"y":564,"width":450,"height":11}},{"id":"98f5c87c-1457-49d1-bd05-020abfd08fa6","block_type":"box","text":"fundamentals and resilient investor demand continue to","page_number":157,"box":{"x":42,"y":578,"width":450,"height":9}},{"id":"18c85692-7d90-4879-83de-a0b281734fcd","block_type":"box","text":"underpin the asset class. In this environment, we maintain a","page_number":157,"box":{"x":43,"y":592,"width":449,"height":11}},{"id":"16a27a0f-33a5-4653-94f3-25cd1ba33215","block_type":"box","text":"selective approach to risk, with a bias towards higher-quality","page_number":157,"box":{"x":42,"y":607,"width":450,"height":11}},{"id":"cb434fc9-7074-46ef-88c6-b0bf01568cfe","block_type":"box","text":"and more defensive sectors. We believe the sub-fund is well","page_number":157,"box":{"x":42,"y":621,"width":450,"height":9}},{"id":"e6a11cfe-e3ff-4925-98dc-efb7b914565a","block_type":"box","text":"placed to adapt as market conditions evolve and to withstand","page_number":157,"box":{"x":43,"y":635,"width":449,"height":11}},{"id":"2de51d03-3018-496c-a379-fcd791c2bbe4","block_type":"box","text":"periods of heightened market volatility.","page_number":157,"box":{"x":43,"y":649,"width":283,"height":12}},{"id":"36e75eec-43e4-496c-b6bf-72ce981286c4","block_type":"box","text":"Phil Collins","page_number":157,"box":{"x":43,"y":724,"width":81,"height":9}},{"id":"52904724-0a1f-4f04-a9d7-c62f27be7c86","block_type":"box","text":"Chief Investment Officer – Multi-Asset","page_number":157,"box":{"x":43,"y":738,"width":280,"height":9}},{"id":"bb489c1b-5e20-471d-9f94-269a00faf50f","block_type":"box","text":"Sarasin & Partners LLP","page_number":157,"box":{"x":43,"y":753,"width":174,"height":9}},{"id":"a2e5316a-ea00-4688-9c49-335c54c8737f","block_type":"box","text":"28 July 2026","page_number":157,"box":{"x":42,"y":767,"width":94,"height":11}},{"id":"cace57e2-2a23-4610-a51c-5542976e2c8a","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":157,"box":{"x":42,"y":802,"width":445,"height":9}},{"id":"6fec3ed3-5fa2-4d1e-aa90-2b15df491ddb","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":157,"box":{"x":41,"y":813,"width":446,"height":9}},{"id":"f63e88ed-f82d-40b3-914d-d8eff834c955","block_type":"box","text":"without notice.","page_number":157,"box":{"x":42,"y":825,"width":85,"height":6}},{"id":"c3b2b3ee-cc5e-498f-aa68-1afee0bb7bf5","block_type":"box","text":"Top 10 purchases during the period","page_number":157,"box":{"x":512,"y":82,"width":283,"height":11}},{"id":"8c615d91-f7b5-464f-a142-e084e03e552e","block_type":"box","text":"Digital Stout Holding 3.75% 17/10/2030","page_number":157,"box":{"x":513,"y":95,"width":291,"height":11}},{"id":"a90117c8-1734-464e-8d41-46b0d7cef5a2","block_type":"box","text":"Credit A","page_number":157,"box":{"x":512,"y":108,"width":49,"height":9}},{"id":"42ff49cc-25e9-441c-909a-23adf0f77ede","block_type":"box","text":"Agricole","page_number":157,"box":{"x":560,"y":108,"width":60,"height":12}},{"id":"41a708f2-e148-446a-96a3-9200b4ef4c22","block_type":"box","text":"5.375% 20/12/2037","page_number":157,"box":{"x":621,"y":108,"width":149,"height":9}},{"id":"26fabfef-1823-4670-b5ae-c3e5acda0e39","block_type":"box","text":"Intesa Sanpaolo 8.505% 20/09/2032","page_number":157,"box":{"x":513,"y":122,"width":275,"height":11}},{"id":"0b7e3191-ae1c-487d-a0df-0f2f4456ee1b","block_type":"box","text":"Lloyds Banking Group","page_number":157,"box":{"x":513,"y":135,"width":163,"height":11}},{"id":"f28191a1-8a25-488f-89fd-2ce9a5cae0fd","block_type":"box","text":"5.25% 16/10/2031","page_number":157,"box":{"x":677,"y":135,"width":138,"height":9}},{"id":"8c15c361-d808-4b5b-8ac4-e9ee0eb7e12d","block_type":"box","text":"CPUK Finance 6.136% 28/02/2047","page_number":157,"box":{"x":512,"y":148,"width":260,"height":10}},{"id":"0c297bf2-4988-43fc-a8a4-d3d388544137","block_type":"box","text":"Alphabet 4.625% 13/11/2032","page_number":157,"box":{"x":512,"y":162,"width":214,"height":11}},{"id":"9229cd31-7cf2-4fb0-8a74-682292e8fa48","block_type":"box","text":"Great Rolling Stock Company 6.875% 27/07/2035","page_number":157,"box":{"x":512,"y":175,"width":370,"height":12}},{"id":"98d1b6d8-a002-4a53-ac25-3e24ff455ff2","block_type":"box","text":"Unicredit","page_number":157,"box":{"x":513,"y":189,"width":65,"height":9}},{"id":"dfec2168-2c5f-4cd9-9b2f-045bcd2bc2ce","block_type":"box","text":"5.30% 31/07/2032","page_number":157,"box":{"x":578,"y":189,"width":146,"height":9}},{"id":"027a9381-6e12-41ad-a8ff-fd6eebfcebd8","block_type":"box","text":"Kreditanstalt","page_number":157,"box":{"x":513,"y":202,"width":92,"height":9}},{"id":"38763197-1fd1-445a-8797-c8179307ddd9","block_type":"box","text":"fuer","page_number":157,"box":{"x":610,"y":202,"width":29,"height":9}},{"id":"dae7c784-2b9b-4e0a-8b4a-7f7f82d667c5","block_type":"box","text":"Wiederaufbau","page_number":157,"box":{"x":643,"y":202,"width":104,"height":9}},{"id":"bfb6dd42-f449-445a-8857-95e4d7ff0858","block_type":"box","text":"6.00% 07/12/2028","page_number":157,"box":{"x":748,"y":202,"width":140,"height":9}},{"id":"e201f340-37d9-444e-a3ca-c94ef84d2737","block_type":"box","text":"Verizon Communications 5.7427% 15/08/2056","page_number":157,"box":{"x":512,"y":215,"width":344,"height":10}},{"id":"cd4fe984-5188-48d1-926f-7ba663d16b1f","block_type":"box","text":"Top 10 sales during the period","page_number":157,"box":{"x":512,"y":235,"width":241,"height":11}},{"id":"26f02543-e716-4b09-90bb-9eb6d6614f92","block_type":"box","text":"International Bank for Reconstruction & Development","page_number":157,"box":{"x":513,"y":248,"width":394,"height":11}},{"id":"394c5bbc-df2d-425a-a6f9-ddcf98f8a563","block_type":"box","text":"0.75% 15/12/2026","page_number":157,"box":{"x":512,"y":262,"width":135,"height":9}},{"id":"22d1aedb-1821-4165-9fb0-971ccb389fa3","block_type":"box","text":"European Investment Bank 1.00% 21/09/2026","page_number":157,"box":{"x":513,"y":276,"width":341,"height":11}},{"id":"41ea576e-c71f-4a07-99f7-364f08a98925","block_type":"box","text":"European Investment Bank","page_number":157,"box":{"x":513,"y":289,"width":201,"height":11}},{"id":"864a2564-93d9-45c4-a5b6-e32cc1803c3f","block_type":"box","text":"6.00% 07/12/2028","page_number":157,"box":{"x":714,"y":289,"width":140,"height":9}},{"id":"35595d27-7d0d-4dea-a353-f9daf17ca760","block_type":"box","text":"Places for People Homes 5.875% 23/05/2031","page_number":157,"box":{"x":513,"y":302,"width":335,"height":12}},{"id":"077bb314-46a1-4950-bf24-6a06930f66c6","block_type":"box","text":"Segro","page_number":157,"box":{"x":512,"y":316,"width":44,"height":11}},{"id":"6ad2937c-ae03-495e-8507-b28cb2878edb","block_type":"box","text":"2.875% 11/10/2037","page_number":157,"box":{"x":556,"y":316,"width":149,"height":9}},{"id":"331299d5-06d1-4fb7-a163-5a4a42b41feb","block_type":"box","text":"AT&T 7.00% 30/04/2040","page_number":157,"box":{"x":512,"y":329,"width":181,"height":9}},{"id":"6a9d56f5-5407-446d-8bc7-a0300543ca6a","block_type":"box","text":"PRS Finance 1.75% 24/11/2026","page_number":157,"box":{"x":513,"y":343,"width":237,"height":9}},{"id":"25677ff9-e1f1-430b-99a1-9e9647a17c6a","block_type":"box","text":"HSBC Holdings 7.00% 07/04/2038","page_number":157,"box":{"x":513,"y":356,"width":255,"height":11}},{"id":"67f3aee0-8619-4e3c-8dcb-533ab1b43989","block_type":"box","text":"Electricite","page_number":157,"box":{"x":513,"y":370,"width":71,"height":8}},{"id":"a2b8a938-10fe-4c91-aafb-9227b05f7cf4","block_type":"box","text":"de France 6.125% 02/06/2034","page_number":157,"box":{"x":584,"y":369,"width":230,"height":9}},{"id":"f8692754-7a60-4960-8055-ab00d752bac9","block_type":"box","text":"Guinness Partnership 4.00% 24/10/2044","page_number":157,"box":{"x":512,"y":383,"width":301,"height":11}},{"id":"9b7b5984-9340-4930-a207-bbcc60e60c85","block_type":"box","text":"Investment Review (continued)","page_number":157,"box":{"x":43,"y":79,"width":250,"height":11}},{"id":"788a3c2d-418b-45a5-8044-2d2d6ef9e20b","block_type":"box","text":"Transactions (continued)","page_number":157,"box":{"x":42,"y":93,"width":199,"height":12}},{"id":"1d1bb6dd-0b76-4afe-9b3f-c5fea42048d9","block_type":"box","text":"157","page_number":158,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"97c16688-b2fa-4c1d-99c1-2d7d2f5150b3","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":158,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"ebe357e1-c075-4081-b713-ae5219e10673","block_type":"box","text":"Sub-fund Information","page_number":158,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"52932c1a-0bdd-44b4-b5ef-e55bf6e7c5b4","block_type":"box","text":"Risk and Reward Profile","page_number":158,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"f9942da4-aea9-4557-9fac-2f5b4a5a188c","block_type":"box","text":"0","page_number":158,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"b5687510-c183-4717-b263-bfae5204ff8f","block_type":"box","text":"Lower2","page_number":158,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"a74bf4cc-793c-464d-8e8e-a4bf0c513650","block_type":"box","text":"er2","page_number":158,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"13fcf0b4-5243-4915-a9dc-036dc78beabe","block_type":"box","text":"risk","page_number":158,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"97bf65bf-2ac5-480b-94fe-e31c6ca299b4","block_type":"box","text":"Higher","page_number":158,"box":{"x":884,"y":145,"width":42,"height":8}},{"id":"8cdd1ab9-648c-4e87-b909-f84d94b92d0d","block_type":"box","text":"risk","page_number":158,"box":{"x":930,"y":145,"width":23,"height":6}},{"id":"bf6dc4e6-5a4a-437b-b38c-7537a5da4811","block_type":"box","text":"Typically","page_number":158,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"ba90f369-47da-447a-9358-9f738738b92a","block_type":"box","text":"lower rewards","page_number":158,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"2d7280be-51eb-4561-bb9d-b93e7059f01a","block_type":"box","text":"Typically","page_number":158,"box":{"x":809,"y":156,"width":52,"height":9}},{"id":"f08276e3-3033-47a4-a5d6-e45ab1c70583","block_type":"box","text":"higher rewards","page_number":158,"box":{"x":866,"y":156,"width":87,"height":9}},{"id":"93e34d15-faac-4ff3-b382-dd11f5db9d0f","block_type":"box","text":"1","page_number":158,"box":{"x":107,"y":179,"width":4,"height":7}},{"id":"e9c76ffe-edbf-4118-848f-b3d602540683","block_type":"box","text":"2","page_number":158,"box":{"x":236,"y":179,"width":6,"height":7}},{"id":"f6a8b24a-e4cc-4614-9ff2-5b843686b7b0","block_type":"box","text":"3","page_number":158,"box":{"x":366,"y":179,"width":6,"height":7}},{"id":"817a341e-74e2-48a9-84e0-ab5952fc6d55","block_type":"box","text":"4","page_number":158,"box":{"x":495,"y":179,"width":7,"height":7}},{"id":"d8cb87ec-5db9-48da-bf7d-154cdb699378","block_type":"box","text":"5","page_number":158,"box":{"x":624,"y":179,"width":7,"height":7}},{"id":"dbae7278-825a-4e23-8e48-e50f7f4514e5","block_type":"box","text":"6","page_number":158,"box":{"x":754,"y":179,"width":6,"height":7}},{"id":"f0c873d3-9676-49ff-b17e-31765d20cc0f","block_type":"box","text":"7","page_number":158,"box":{"x":883,"y":179,"width":7,"height":7}},{"id":"ee0589eb-7851-4ad4-b129-501a4c079b5e","block_type":"box","text":"•","page_number":158,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"63785cf0-eca9-4329-9a59-78aea3433f06","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":158,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"8f1dc814-5c16-4c62-8e89-b632653636c8","block_type":"box","text":"•","page_number":158,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"cfb19b9b-c156-4075-84d5-0154d034e051","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":158,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"44e954a5-1479-4d37-b8aa-f82523f75f77","block_type":"box","text":"•","page_number":158,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"fcf73740-2095-485c-966b-d71be85f9bb1","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":158,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"600705f9-8c6c-4962-91df-9deaaea4a680","block_type":"box","text":"The Risk and Reward Indicator","page_number":158,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"d4262bc3-8dde-46d1-9a96-88cd75ca0b6e","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":158,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"58b273a0-cbee-4d42-bf67-0f08ffb3363f","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":158,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"47c7ab96-18d4-4b4a-9372-11120ea68e6f","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":158,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"44bd0fc3-1115-4c31-9e6f-4e64101419e8","block_type":"box","text":"but the greater the risk of losing money.","page_number":158,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"f772e1bf-243b-4038-bfa9-736d5e529e55","block_type":"box","text":"The sub-fund is ranked at 4 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":158,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"149724d0-8cd6-42b6-b439-4a5e4870c326","block_type":"box","text":"moderate levels of volatility historically.","page_number":158,"box":{"x":43,"y":359,"width":292,"height":11}},{"id":"33a8f884-4a7a-4cb3-b559-015912b8c74c","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":158,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"99e461d7-a638-45e7-832a-93cab035c2c7","block_type":"box","text":"Bond Risk:","page_number":158,"box":{"x":42,"y":398,"width":88,"height":9}},{"id":"929e7b1a-d272-4851-a935-65fbf31cc670","block_type":"box","text":"In stressed conditions bonds may become harder to sell in a timely manner, resulting in unpredictable changes","page_number":158,"box":{"x":131,"y":398,"width":831,"height":11}},{"id":"e30e9037-4f48-4143-a584-88249564d02f","block_type":"box","text":"in the value of your holdings.","page_number":158,"box":{"x":43,"y":412,"width":211,"height":12}},{"id":"ad76236f-d0df-4f0c-8b37-b07ecbd4bf82","block_type":"box","text":"Emerging Markets Risk:","page_number":158,"box":{"x":43,"y":437,"width":194,"height":11}},{"id":"b3f8091e-a85c-4ea0-93de-2c196610e968","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":158,"box":{"x":237,"y":437,"width":725,"height":11}},{"id":"7f5f56ee-f888-411d-a543-5f584734de79","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":158,"box":{"x":43,"y":451,"width":919,"height":12}},{"id":"84aef98c-fce7-4f76-9c5e-eb062c2bc2de","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":158,"box":{"x":42,"y":466,"width":777,"height":11}},{"id":"2a697607-0f78-4472-8f87-f6ff5ea7218f","block_type":"box","text":"Derivatives Risk:","page_number":158,"box":{"x":43,"y":491,"width":135,"height":9}},{"id":"5e6c8534-463b-4f75-af74-394b3cef1d0f","block_type":"box","text":"Derivatives are financial instruments whose value is linked to the expected future price movements of","page_number":158,"box":{"x":179,"y":491,"width":783,"height":11}},{"id":"eeb84d65-26c8-41b0-b839-d10770066c30","block_type":"box","text":"an underlying asset. Derivatives such as futures, forward contracts, options, and swaps may be used to seek to manage","page_number":158,"box":{"x":42,"y":505,"width":920,"height":11}},{"id":"7e270725-2419-4022-bb96-336375eee505","block_type":"box","text":"risk within the sub-fund, reduce investment costs and generate additional income. However, these strategies may not be","page_number":158,"box":{"x":43,"y":519,"width":919,"height":11}},{"id":"1c240397-b80d-4759-a777-3f0b01d48d08","block_type":"box","text":"successful and could lead to losses greater than the cost of the derivative.","page_number":158,"box":{"x":42,"y":534,"width":548,"height":11}},{"id":"bd21829b-e507-407a-97b6-854ba79dc843","block_type":"box","text":"Operational Risk:","page_number":158,"box":{"x":43,"y":559,"width":138,"height":10}},{"id":"70b3b51c-146d-4eb4-b3ae-842bf51ce28e","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":158,"box":{"x":181,"y":558,"width":781,"height":12}},{"id":"4fd99399-3c0d-423f-8220-b8422ed467d3","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":158,"box":{"x":43,"y":573,"width":894,"height":11}},{"id":"4be92cfb-589b-4aa2-8c07-5b79555e45bb","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":158,"box":{"x":43,"y":598,"width":275,"height":11}},{"id":"e5d31483-5910-402b-912b-37370c5d8f8e","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":158,"box":{"x":318,"y":598,"width":644,"height":11}},{"id":"6866fb3d-7228-4704-80a5-411f771885e8","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":158,"box":{"x":43,"y":612,"width":423,"height":11}},{"id":"222a30f4-fc3c-4a3a-a366-21ddf57e61ce","block_type":"box","text":"Charges deducted from capital:","page_number":158,"box":{"x":43,"y":637,"width":257,"height":11}},{"id":"0f7f90d2-97df-4aaa-ae0b-f733685719ba","block_type":"box","text":"The sub-fund has charges deducted from capital, which may reduce the potential for","page_number":158,"box":{"x":300,"y":637,"width":662,"height":11}},{"id":"e3b05e67-2a1d-4f81-8131-59a72579a18a","block_type":"box","text":"growth.","page_number":158,"box":{"x":42,"y":651,"width":53,"height":11}},{"id":"bc525de3-4fdc-477c-9f7d-5d9f33fc3c0c","block_type":"box","text":"158","page_number":159,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"dd5c2834-aa39-444a-8a74-183bd284eb1d","block_type":"box","text":"159","page_number":159,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5d2432ab-dd99-4fed-a7db-9da21163ac0f","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":159,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"da7d1d6e-48e5-43e6-8399-bf44178d533d","block_type":"box","text":"Portfolio Statement","page_number":159,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"12a4a436-d117-45a6-b791-d38b1d966b52","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":159,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"bce57897-cc54-4b71-b3c8-2f84ae72361d","block_type":"box","text":"=/","page_number":159,"box":{"x":42,"y":122,"width":1,"height":1}},{"id":"08e5e247-8b79-451c-9dd4-975681646277","block_type":"box","text":"Holding/Nominal Value","page_number":159,"box":{"x":51,"y":153,"width":144,"height":9}},{"id":"c29ad2be-0660-4172-8329-0fa9c240fb3a","block_type":"box","text":"Investment","page_number":159,"box":{"x":230,"y":153,"width":70,"height":7}},{"id":"374cc224-2806-4d3c-b73c-519ed7e2d518","block_type":"box","text":"Market","page_number":159,"box":{"x":758,"y":130,"width":42,"height":7}},{"id":"a9161f12-c189-44ef-b4f9-e41ea7cd9302","block_type":"box","text":"Value","page_number":159,"box":{"x":765,"y":142,"width":35,"height":6}},{"id":"28be5db7-f1c7-463d-b3ef-8255dee39732","block_type":"box","text":"£","page_number":159,"box":{"x":793,"y":153,"width":7,"height":7}},{"id":"fbfda306-467b-4734-987b-1a8e08a48d18","block_type":"box","text":"% of","page_number":159,"box":{"x":929,"y":141,"width":29,"height":8}},{"id":"92c09865-d707-4bf4-a51e-574c108a5f0b","block_type":"box","text":"Net Assets","page_number":159,"box":{"x":889,"y":153,"width":68,"height":7}},{"id":"6d2752ab-dde3-46b7-a9d9-9f662e099ea9","block_type":"box","text":"Sterling Asset Backed","page_number":159,"box":{"x":42,"y":185,"width":175,"height":11}},{"id":"dad9e408-311f-4d6e-91bc-d0b061d78ff3","block_type":"box","text":"32.32% (31 December 2025 - 30.62%)","page_number":159,"box":{"x":219,"y":185,"width":295,"height":11}},{"id":"8397ec28-9536-4297-98b7-1c856c8ef947","block_type":"box","text":"£4,200,000","page_number":159,"box":{"x":112,"y":203,"width":83,"height":11}},{"id":"62aa2c25-e196-475f-a14f-b6ed708175e6","block_type":"box","text":"AA Bond Company 5.50% 31/07/2050","page_number":159,"box":{"x":229,"y":203,"width":282,"height":12}},{"id":"2ac13c1e-7a7b-4166-b90c-0887df346344","block_type":"box","text":"4,146,376","page_number":159,"box":{"x":726,"y":203,"width":73,"height":11}},{"id":"667481b6-3a2a-46d7-9b23-6946e2045da9","block_type":"box","text":"2.29","page_number":159,"box":{"x":925,"y":203,"width":31,"height":9}},{"id":"cb0ca962-7ae6-4d0f-83fc-129d12136b71","block_type":"box","text":"£1,700,000","page_number":159,"box":{"x":112,"y":219,"width":83,"height":10}},{"id":"91f918bd-5da8-4e5d-9e77-395f9e5e0333","block_type":"box","text":"Anglian Water 4.50% 05/10/2027","page_number":159,"box":{"x":229,"y":219,"width":245,"height":11}},{"id":"896eedf8-53d7-492a-b5fd-fc2255fb48e8","block_type":"box","text":"1,687,854","page_number":159,"box":{"x":727,"y":219,"width":72,"height":10}},{"id":"52665dab-50aa-47d1-9021-267b3d73458b","block_type":"box","text":"0.93","page_number":159,"box":{"x":925,"y":219,"width":31,"height":9}},{"id":"e983db2f-a672-4a6b-a722-68288abe435e","block_type":"box","text":"£407,333","page_number":159,"box":{"x":126,"y":234,"width":69,"height":11}},{"id":"a7bef3bc-ee17-4e68-add1-f728ef65f890","block_type":"box","text":"Arqiva Financing 4.882% 31/12/2032","page_number":159,"box":{"x":229,"y":234,"width":274,"height":11}},{"id":"33265527-6644-45a8-9707-cb561ecbc836","block_type":"box","text":"394,325","page_number":159,"box":{"x":740,"y":234,"width":59,"height":11}},{"id":"0e760c28-8a10-47f9-acb6-f7af6698dba1","block_type":"box","text":"0.22","page_number":159,"box":{"x":925,"y":234,"width":31,"height":9}},{"id":"ec5c70d9-83ad-4aea-b31f-123a88095b4c","block_type":"box","text":"£1,000,000","page_number":159,"box":{"x":112,"y":249,"width":83,"height":11}},{"id":"6dc690c6-ec09-457d-b579-c96b72f9a6d7","block_type":"box","text":"Arqiva Financing 5.34% 30/06/2030","page_number":159,"box":{"x":229,"y":249,"width":265,"height":12}},{"id":"8637efb0-ceb8-47e6-bcb1-818c3424e084","block_type":"box","text":"976,054","page_number":159,"box":{"x":740,"y":250,"width":59,"height":10}},{"id":"1e8fc1a0-c160-4cb2-b3b7-abcdb9daf6e8","block_type":"box","text":"0.54","page_number":159,"box":{"x":925,"y":250,"width":31,"height":8}},{"id":"adc4beb5-5d46-4b9b-802c-a66ddebd9cce","block_type":"box","text":"£1,000,000","page_number":159,"box":{"x":112,"y":265,"width":83,"height":10}},{"id":"6d070ddd-4250-4044-b5cb-672465974b19","block_type":"box","text":"Bazalgette Finance 2.375% 29/11/2027","page_number":159,"box":{"x":230,"y":265,"width":291,"height":11}},{"id":"bdc0342b-81b1-4ab7-b561-469b3a054bed","block_type":"box","text":"965,081","page_number":159,"box":{"x":740,"y":265,"width":57,"height":10}},{"id":"393f9780-0dfd-4b1c-80d3-59243866c34e","block_type":"box","text":"0.53","page_number":159,"box":{"x":925,"y":265,"width":31,"height":9}},{"id":"f9338660-5c2e-4c31-93a4-4b8595687ecc","block_type":"box","text":"£1,000,000","page_number":159,"box":{"x":112,"y":280,"width":83,"height":11}},{"id":"9289c942-5f85-496d-9cec-e25d1f96c603","block_type":"box","text":"Bazalgette Finance 2.75% 10/03/2034","page_number":159,"box":{"x":230,"y":280,"width":283,"height":11}},{"id":"dfedcc33-fcf9-4713-87af-8750ef026431","block_type":"box","text":"817,632","page_number":159,"box":{"x":740,"y":280,"width":59,"height":11}},{"id":"3ca64359-318a-4d0a-a50b-58041f5edbf9","block_type":"box","text":"0.45","page_number":159,"box":{"x":925,"y":280,"width":32,"height":9}},{"id":"4f527cb4-dbba-4bb6-8729-079daf1b7881","block_type":"box","text":"£1,762,000","page_number":159,"box":{"x":112,"y":295,"width":83,"height":11}},{"id":"2bddcdd6-d7db-43a7-8f54-311cdcdad932","block_type":"box","text":"Bromford Flagship 6.072% 14/07/2050","page_number":159,"box":{"x":230,"y":295,"width":286,"height":12}},{"id":"ca48f5ef-e19a-4bce-b192-f145bae9b165","block_type":"box","text":"1,716,482","page_number":159,"box":{"x":727,"y":296,"width":72,"height":10}},{"id":"1e68e5fc-e07f-42e2-9c66-1ebab953a128","block_type":"box","text":"0.95","page_number":159,"box":{"x":925,"y":296,"width":32,"height":8}},{"id":"cdb10e4c-d644-4ca9-a570-f4fe62619859","block_type":"box","text":"£4,960,000","page_number":159,"box":{"x":112,"y":311,"width":83,"height":10}},{"id":"4318d17c-c285-44d3-a946-081229e70e0c","block_type":"box","text":"Channel Link Enterprises Finance 3.043% 30/06/2050","page_number":159,"box":{"x":230,"y":311,"width":400,"height":11}},{"id":"f9a191fd-fa0c-4390-b4d8-d3b9bca2cfc9","block_type":"box","text":"4,657,119","page_number":159,"box":{"x":727,"y":311,"width":72,"height":10}},{"id":"a3f74c8b-e5c5-4689-b20f-e6f40450949d","block_type":"box","text":"2.58","page_number":159,"box":{"x":925,"y":311,"width":31,"height":9}},{"id":"fdf2e924-e4db-4ff0-84a6-afbf407ac7cf","block_type":"box","text":"£1,200,000","page_number":159,"box":{"x":112,"y":326,"width":83,"height":11}},{"id":"d4ef0958-0515-46aa-b3ed-f997ed8b9ebd","block_type":"box","text":"CPUK Finance 3.69% 28/02/2047","page_number":159,"box":{"x":230,"y":326,"width":250,"height":9}},{"id":"f4c58b0d-3677-4c60-a110-4fa0d77aa27d","block_type":"box","text":"1,162,892","page_number":159,"box":{"x":727,"y":326,"width":72,"height":11}},{"id":"26249a8e-6e27-4484-8e77-ef03dfccc86b","block_type":"box","text":"0.64","page_number":159,"box":{"x":925,"y":326,"width":31,"height":9}},{"id":"ca51dcec-fe04-4f00-9c6c-07c9c3566974","block_type":"box","text":"£3,400,000","page_number":159,"box":{"x":112,"y":342,"width":83,"height":10}},{"id":"5b7d96da-9038-4a4b-bb82-ae6b1075f7e8","block_type":"box","text":"CPUK Finance 6.136% 28/02/2047","page_number":159,"box":{"x":230,"y":342,"width":260,"height":9}},{"id":"041bb56e-1666-4733-924a-668baf8da8b0","block_type":"box","text":"3,497,612","page_number":159,"box":{"x":726,"y":342,"width":73,"height":10}},{"id":"5790640a-d017-40c0-8f3e-cc75a5338007","block_type":"box","text":"1.93","page_number":159,"box":{"x":926,"y":342,"width":30,"height":9}},{"id":"553bc531-0ec1-4df3-a3dd-b54ec005db1c","block_type":"box","text":"£4,110,000","page_number":159,"box":{"x":113,"y":357,"width":82,"height":10}},{"id":"3f7e8970-25f6-4a42-89f0-b08c3bd2a60e","block_type":"box","text":"DWR Cymru Financing UK 1.375% 31/03/2033","page_number":159,"box":{"x":230,"y":357,"width":348,"height":11}},{"id":"a7c21179-1c15-4252-97a0-cab9c0373164","block_type":"box","text":"3,156,517","page_number":159,"box":{"x":726,"y":357,"width":73,"height":10}},{"id":"c3c0d40e-3969-44bc-ab1e-27d60e2acb60","block_type":"box","text":"1.75","page_number":159,"box":{"x":926,"y":357,"width":31,"height":9}},{"id":"189219fe-9bca-4953-92c7-2754a74059c6","block_type":"box","text":"£1,350,000","page_number":159,"box":{"x":112,"y":372,"width":83,"height":11}},{"id":"b44d4bf4-9263-44a5-8a2d-53df23f925e4","block_type":"box","text":"DWR Cymru Financing UK 6.015% 31/03/2028","page_number":159,"box":{"x":230,"y":372,"width":348,"height":12}},{"id":"61110b82-f42d-4707-85a2-b33cd96c9c59","block_type":"box","text":"1,374,397","page_number":159,"box":{"x":727,"y":372,"width":72,"height":11}},{"id":"61e02531-a8e6-4eb2-9058-f541e5766c53","block_type":"box","text":"0.76","page_number":159,"box":{"x":925,"y":372,"width":31,"height":9}},{"id":"cf77fb71-2909-45d6-9c85-b75338b578e3","block_type":"box","text":"£2,844,608","page_number":159,"box":{"x":112,"y":388,"width":83,"height":10}},{"id":"a08a2a35-d49b-452a-9cf2-2c26e402b9ce","block_type":"box","text":"Great Rolling Stock Company 6.875% 27/07/2035","page_number":159,"box":{"x":230,"y":388,"width":370,"height":11}},{"id":"dd5fb399-8418-4a8c-b56a-905339f3af7d","block_type":"box","text":"2,999,840","page_number":159,"box":{"x":726,"y":388,"width":73,"height":10}},{"id":"54ad3fbf-80ec-4842-9987-ae8dbd1af9ce","block_type":"box","text":"1.66","page_number":159,"box":{"x":926,"y":388,"width":30,"height":9}},{"id":"e1858608-1b5f-44eb-b8bf-2780e0b1c758","block_type":"box","text":"£2,363,624","page_number":159,"box":{"x":112,"y":403,"width":83,"height":10}},{"id":"455dc89d-c103-499f-8b55-dcddcc4605f3","block_type":"box","text":"Greater Gabbard OFTO 4.137% 29/11/2032","page_number":159,"box":{"x":230,"y":403,"width":325,"height":9}},{"id":"a9cb2e1b-9cae-4951-bead-3463b4d61102","block_type":"box","text":"2,289,396","page_number":159,"box":{"x":726,"y":403,"width":73,"height":10}},{"id":"91a85fdf-797a-4de2-b27f-13d481374a36","block_type":"box","text":"1.27","page_number":159,"box":{"x":926,"y":403,"width":30,"height":9}},{"id":"002370a7-77af-4246-a36e-2d0c8193c3a0","block_type":"box","text":"£4,100,000","page_number":159,"box":{"x":112,"y":418,"width":83,"height":11}},{"id":"24333752-bfac-4142-b22f-fcf390ef61be","block_type":"box","text":"Guinness Partnership 4.00% 24/10/2044","page_number":159,"box":{"x":230,"y":418,"width":301,"height":12}},{"id":"38e3b008-1a32-477b-be57-e5383e4c7f79","block_type":"box","text":"3,107,096","page_number":159,"box":{"x":726,"y":419,"width":73,"height":10}},{"id":"0269aafa-a72c-4bd1-ac88-8a61872188bf","block_type":"box","text":"1.72","page_number":159,"box":{"x":926,"y":419,"width":30,"height":8}},{"id":"4088e394-bebd-4443-b43e-638b303b4b8d","block_type":"box","text":"£3,500,000","page_number":159,"box":{"x":112,"y":434,"width":83,"height":10}},{"id":"e56ffee0-433c-4585-bb5d-54102632939c","block_type":"box","text":"High Speed Rail Finance 1 4.375% 01/11/2038","page_number":159,"box":{"x":230,"y":434,"width":347,"height":11}},{"id":"26dfdd93-0f67-47c3-b5f8-17dbe6112e38","block_type":"box","text":"3,215,007","page_number":159,"box":{"x":726,"y":434,"width":73,"height":10}},{"id":"2d75c2d4-7f0d-4b7e-8366-9c52c9a74008","block_type":"box","text":"1.78","page_number":159,"box":{"x":926,"y":434,"width":30,"height":9}},{"id":"3534f7c9-9712-484d-b1a7-0fa8554a825d","block_type":"box","text":"£4,000,000","page_number":159,"box":{"x":112,"y":449,"width":83,"height":11}},{"id":"54a41625-4b55-4489-b001-2cb6bea308e9","block_type":"box","text":"Jigsaw Funding 3.375% 05/05/2052","page_number":159,"box":{"x":229,"y":449,"width":266,"height":11}},{"id":"9069d0fa-2f82-487b-aba4-3e556514cd0c","block_type":"box","text":"2,515,230","page_number":159,"box":{"x":726,"y":449,"width":73,"height":11}},{"id":"bab75221-1b24-446d-9882-3d6a2c044115","block_type":"box","text":"1.39","page_number":159,"box":{"x":926,"y":449,"width":30,"height":9}},{"id":"1e21be73-4a0c-49ba-aea6-42af7632a4c1","block_type":"box","text":"£1,702,000","page_number":159,"box":{"x":112,"y":464,"width":83,"height":11}},{"id":"c7903298-d04d-43cb-b1ac-efc70e5d79cb","block_type":"box","text":"RAC Bond 5.75% 06/05/2046","page_number":159,"box":{"x":230,"y":464,"width":218,"height":10}},{"id":"b02f2499-e7c6-46df-a2a9-1c9b4082f647","block_type":"box","text":"1,723,877","page_number":159,"box":{"x":727,"y":465,"width":72,"height":10}},{"id":"ec863cf1-85d7-4e47-9e22-f179a20f6302","block_type":"box","text":"0.95","page_number":159,"box":{"x":925,"y":465,"width":32,"height":8}},{"id":"bb170832-2e8d-4a2b-99e1-f80eb7644cd7","block_type":"box","text":"£357,700","page_number":159,"box":{"x":126,"y":480,"width":69,"height":10}},{"id":"45938a24-126f-4ad5-8b00-9c7ba6b005fb","block_type":"box","text":"RCB Bonds 7.50% 18/06/2033","page_number":159,"box":{"x":230,"y":480,"width":227,"height":9}},{"id":"5158bd8e-0e28-4cd4-921c-ea16df4fd147","block_type":"box","text":"371,166","page_number":159,"box":{"x":740,"y":480,"width":59,"height":10}},{"id":"a4bb6e94-ae80-43c1-bba6-e6af2e3a6de6","block_type":"box","text":"0.21","page_number":159,"box":{"x":925,"y":480,"width":29,"height":9}},{"id":"e5a3272e-32f2-47d6-a174-ba636fcd5c41","block_type":"box","text":"£977,400","page_number":159,"box":{"x":126,"y":495,"width":69,"height":11}},{"id":"f3b09da9-15e3-49c4-9838-73d763d99e87","block_type":"box","text":"Retail Charity Bonds 3.25% 22/07/2031","page_number":159,"box":{"x":230,"y":495,"width":290,"height":11}},{"id":"c4d41b3c-5d13-405d-9cd7-b0e1b89cc672","block_type":"box","text":"813,642","page_number":159,"box":{"x":740,"y":495,"width":59,"height":11}},{"id":"820de89e-c14c-439d-b022-faa855410723","block_type":"box","text":"0.45","page_number":159,"box":{"x":925,"y":495,"width":32,"height":9}},{"id":"ae712ab3-f8c2-4930-9573-9404006edbb0","block_type":"box","text":"£1,330,000","page_number":159,"box":{"x":112,"y":511,"width":83,"height":10}},{"id":"85c0d9f5-28fe-4fb4-80cb-f10e0fb498ab","block_type":"box","text":"Retail Charity Bonds 3.90% 23/11/2029","page_number":159,"box":{"x":230,"y":511,"width":291,"height":11}},{"id":"9d142150-f0fa-4f4c-8d12-611fe18707e6","block_type":"box","text":"1,274,831","page_number":159,"box":{"x":727,"y":511,"width":70,"height":10}},{"id":"aa2bc943-ad49-4d5d-be3e-cbb174b45166","block_type":"box","text":"0.71","page_number":159,"box":{"x":925,"y":511,"width":29,"height":8}},{"id":"34086cce-04fd-4dda-afb7-8cbf3dfd7ee3","block_type":"box","text":"£235,000","page_number":159,"box":{"x":126,"y":526,"width":69,"height":10}},{"id":"c9aabcac-8a7a-4468-ba29-233b4f3a48c0","block_type":"box","text":"Retail Charity Bonds 4.00% 31/10/2027","page_number":159,"box":{"x":230,"y":526,"width":292,"height":11}},{"id":"d2fe0ec7-bdee-48c3-8a91-e242685cd958","block_type":"box","text":"230,068","page_number":159,"box":{"x":740,"y":526,"width":59,"height":10}},{"id":"b556766a-da24-41c2-9f60-cc4aaca3ad98","block_type":"box","text":"0.13","page_number":159,"box":{"x":925,"y":526,"width":31,"height":9}},{"id":"21aa4934-362d-476f-b633-8825e4016cff","block_type":"box","text":"£3,909,107","page_number":159,"box":{"x":112,"y":541,"width":83,"height":11}},{"id":"f77486ad-7c5a-401c-9ef1-2d19b789fce4","block_type":"box","text":"TC Dudgeon OFTO 3.158% 12/11/2038","page_number":159,"box":{"x":229,"y":541,"width":294,"height":12}},{"id":"501a49e4-4467-46c7-b86e-9c872f8353dd","block_type":"box","text":"3,392,646","page_number":159,"box":{"x":726,"y":541,"width":73,"height":11}},{"id":"c848849f-65fe-4e99-9d98-8569607497e0","block_type":"box","text":"1.88","page_number":159,"box":{"x":926,"y":542,"width":30,"height":8}},{"id":"86394f44-b1df-4bca-8f0c-5c2c35b5889e","block_type":"box","text":"£2,870,822","page_number":159,"box":{"x":112,"y":557,"width":83,"height":10}},{"id":"f3d8cfee-443e-4343-87ef-7a245bda76cf","block_type":"box","text":"Tesco Property Finance 1 7.623% 13/07/2039","page_number":159,"box":{"x":229,"y":557,"width":340,"height":11}},{"id":"f8aea849-9e66-4b26-a18c-2ad30b63df68","block_type":"box","text":"3,202,165","page_number":159,"box":{"x":726,"y":557,"width":73,"height":10}},{"id":"7ca7cd55-c273-47a0-8cb6-8e670ed8c644","block_type":"box","text":"1.77","page_number":159,"box":{"x":926,"y":557,"width":30,"height":8}},{"id":"cac81f43-f2b6-4dcc-8945-29c6dadf6250","block_type":"box","text":"£1,519,603","page_number":159,"box":{"x":112,"y":572,"width":83,"height":10}},{"id":"88102a9a-760f-43d7-b450-4299c0a8cf49","block_type":"box","text":"Tesco Property Finance 3 5.744% 13/04/2040","page_number":159,"box":{"x":229,"y":572,"width":340,"height":11}},{"id":"95999f51-f83e-415a-a8b8-5cc807e58fc5","block_type":"box","text":"1,514,427","page_number":159,"box":{"x":727,"y":572,"width":72,"height":10}},{"id":"7f4f1198-58ad-49a1-98d0-10480f716f9b","block_type":"box","text":"0.84","page_number":159,"box":{"x":925,"y":572,"width":31,"height":9}},{"id":"6ac48333-c6cb-420f-9844-956683d752a0","block_type":"box","text":"£4,000,000","page_number":159,"box":{"x":112,"y":587,"width":83,"height":11}},{"id":"d7b32a55-5846-435b-b864-5df558595ae9","block_type":"box","text":"THFC Funding No 2 6.35% 08/07/2041","page_number":159,"box":{"x":229,"y":587,"width":288,"height":12}},{"id":"9afa3f53-a2f6-4f0f-9d81-c778edae63c9","block_type":"box","text":"4,167,214","page_number":159,"box":{"x":726,"y":587,"width":73,"height":11}},{"id":"16814ccc-cbf6-400c-b710-17e3b5c3f99e","block_type":"box","text":"2.31","page_number":159,"box":{"x":925,"y":587,"width":29,"height":9}},{"id":"e31f0be2-3996-4031-9048-84d69f6fb871","block_type":"box","text":"£3,256,214","page_number":159,"box":{"x":112,"y":603,"width":83,"height":10}},{"id":"f8efe004-92e1-4543-b3db-78682c283149","block_type":"box","text":"Wods Transmission 3.446% 24/08/2034","page_number":159,"box":{"x":229,"y":603,"width":296,"height":9}},{"id":"2f676ff2-f30f-4ec8-847a-50f5bd13a9af","block_type":"box","text":"3,031,295","page_number":159,"box":{"x":726,"y":603,"width":73,"height":10}},{"id":"154e4617-1491-4248-81af-5b919565e9e2","block_type":"box","text":"1.68","page_number":159,"box":{"x":926,"y":603,"width":30,"height":9}},{"id":"6c6e8a2f-66b0-4020-a46a-c2cd36c7831b","block_type":"box","text":"58,400,241","page_number":159,"box":{"x":717,"y":621,"width":80,"height":10}},{"id":"c493e884-3c18-40d4-90c8-52d1b9567d19","block_type":"box","text":"32.32","page_number":159,"box":{"x":916,"y":621,"width":40,"height":9}},{"id":"3665cf3e-0018-4a75-bd23-f05be12b1781","block_type":"box","text":"Sterling Government Agencies, Supra","page_number":159,"box":{"x":42,"y":652,"width":301,"height":11}},{"id":"dc72bc9d-af72-49e1-b374-dafc5bb95d42","block_type":"box","text":"15.50% (31 December 2025 - 22.22%)","page_number":159,"box":{"x":344,"y":652,"width":295,"height":11}},{"id":"5bb69cd8-3bdc-43de-aa68-fe4d7af1df0e","block_type":"box","text":"£400,000","page_number":159,"box":{"x":126,"y":670,"width":69,"height":11}},{"id":"cf9b75f1-d470-4a23-b3ce-274added3689","block_type":"box","text":"Affordable Housing Finance 2.893% 11/08/2045","page_number":159,"box":{"x":229,"y":670,"width":355,"height":12}},{"id":"80cd1bb1-651c-4b58-822b-487e3937b2d0","block_type":"box","text":"279,310","page_number":159,"box":{"x":740,"y":670,"width":59,"height":11}},{"id":"01870712-f358-46f8-a120-f9a9590ea843","block_type":"box","text":"0.16","page_number":159,"box":{"x":925,"y":671,"width":31,"height":8}},{"id":"a423eec2-9090-404a-a754-a22f8301cb22","block_type":"box","text":"£1,000,000","page_number":159,"box":{"x":112,"y":686,"width":83,"height":10}},{"id":"9920f37e-2b63-40fb-b7cc-0bc0c0f51f6a","block_type":"box","text":"Bank Nederlandse Gemeenten 5.20% 07/12/2028","page_number":159,"box":{"x":230,"y":686,"width":370,"height":9}},{"id":"db10f6ab-3c9b-440d-bd42-36f7bd077ec5","block_type":"box","text":"1,018,278","page_number":159,"box":{"x":727,"y":686,"width":72,"height":10}},{"id":"8014d5ae-19d2-449a-9102-72e272c02eee","block_type":"box","text":"0.56","page_number":159,"box":{"x":925,"y":686,"width":31,"height":9}},{"id":"d24f9908-7e7e-4c36-82a3-e629dbcc0457","block_type":"box","text":"£250,000","page_number":159,"box":{"x":126,"y":701,"width":69,"height":11}},{"id":"234fec82-72be-48d2-846c-72628e089e02","block_type":"box","text":"European Investment Bank 1.00% 21/09/2026","page_number":159,"box":{"x":230,"y":701,"width":342,"height":11}},{"id":"b7076148-a68e-448d-9b57-90f1ae260de5","block_type":"box","text":"248,484","page_number":159,"box":{"x":740,"y":701,"width":59,"height":11}},{"id":"b0286d71-ca27-4e0b-b0e1-956ceebc544d","block_type":"box","text":"0.14","page_number":159,"box":{"x":925,"y":701,"width":31,"height":9}},{"id":"31fc6eab-5c91-494c-a7a2-c19cf5b7f2d6","block_type":"box","text":"£2,030,000","page_number":159,"box":{"x":112,"y":716,"width":83,"height":11}},{"id":"6c7ae743-b624-400a-9e90-974227c56053","block_type":"box","text":"European Investment Bank 6.00% 07/12/2028","page_number":159,"box":{"x":230,"y":716,"width":342,"height":12}},{"id":"84f2919b-fbb9-44cf-bdcf-5729019bf949","block_type":"box","text":"2,109,293","page_number":159,"box":{"x":726,"y":717,"width":73,"height":10}},{"id":"8d5bdcda-dceb-4ab9-a2fd-332a5cdd4e5a","block_type":"box","text":"1.17","page_number":159,"box":{"x":926,"y":717,"width":30,"height":8}},{"id":"eb81c872-82ef-4ebc-be8e-c33d0e4e495b","block_type":"box","text":"£4,900,000","page_number":159,"box":{"x":112,"y":732,"width":83,"height":10}},{"id":"23dbba4e-07a9-4935-bf3c-130e346db7aa","block_type":"box","text":"Kreditanstalt fuer Wiederaufbau 6.00% 07/12/2028","page_number":159,"box":{"x":230,"y":732,"width":375,"height":9}},{"id":"93ee1ed7-e95d-4c73-b762-c348a81838d0","block_type":"box","text":"5,089,804","page_number":159,"box":{"x":726,"y":732,"width":73,"height":10}},{"id":"8bbae820-8bd8-4927-bfc8-69b639c954b5","block_type":"box","text":"2.82","page_number":159,"box":{"x":925,"y":732,"width":31,"height":9}},{"id":"3f97671f-f5ba-4fd9-953c-445cdaac0bb1","block_type":"box","text":"£1,100,000","page_number":159,"box":{"x":112,"y":747,"width":83,"height":11}},{"id":"a324fcd3-da4b-4a08-ae23-98f4ff940579","block_type":"box","text":"Nederlandse Waterschapsbank 5.375% 07/06/2032","page_number":159,"box":{"x":230,"y":747,"width":382,"height":11}},{"id":"bf35cddf-4f96-476d-befd-1a29f077e905","block_type":"box","text":"1,142,286","page_number":159,"box":{"x":727,"y":747,"width":72,"height":11}},{"id":"d9d32157-803c-42bd-971e-cfe367bca7ed","block_type":"box","text":"0.63","page_number":159,"box":{"x":925,"y":747,"width":31,"height":9}},{"id":"1703e789-5df6-41cf-82b3-841d86fa180b","block_type":"box","text":"£300,000","page_number":159,"box":{"x":126,"y":763,"width":69,"height":10}},{"id":"3c4c2c9c-cad2-4357-a516-b8297cef7a02","block_type":"box","text":"Network Rail Infrastructure Finance 4.75% 29/11/2035","page_number":159,"box":{"x":230,"y":763,"width":401,"height":9}},{"id":"252c69f6-8a22-4fff-960f-cfe3ef286d0d","block_type":"box","text":"295,808","page_number":159,"box":{"x":740,"y":763,"width":59,"height":10}},{"id":"118321ff-a7dc-4de1-9a15-3703bdd27643","block_type":"box","text":"0.16","page_number":159,"box":{"x":925,"y":763,"width":31,"height":8}},{"id":"1e1c14ad-bbef-42c6-ac8d-6ac486ea9e51","block_type":"box","text":"£3,261,284","page_number":159,"box":{"x":112,"y":778,"width":83,"height":10}},{"id":"4838803a-167e-49ad-9f0f-39beb4df64ec","block_type":"box","text":"PRS Finance 1.75% 24/11/2026","page_number":159,"box":{"x":230,"y":778,"width":237,"height":9}},{"id":"b9ea7348-1d90-4822-814c-a889648bee53","block_type":"box","text":"3,232,205","page_number":159,"box":{"x":726,"y":778,"width":73,"height":10}},{"id":"f23e8056-c215-43aa-afce-c45152bb4485","block_type":"box","text":"1.79","page_number":159,"box":{"x":926,"y":778,"width":30,"height":9}},{"id":"0ce121e7-a35b-48de-9e67-b626f0f48b40","block_type":"box","text":"£1,989,408","page_number":159,"box":{"x":112,"y":793,"width":83,"height":11}},{"id":"ebcd3d5f-ff4f-4d7d-848c-48c31bbcbff8","block_type":"box","text":"PRS Finance 2.00% 23/01/2029","page_number":159,"box":{"x":230,"y":793,"width":238,"height":9}},{"id":"7ffbe09d-0746-478d-a332-0ae109615d60","block_type":"box","text":"1,874,276","page_number":159,"box":{"x":727,"y":793,"width":72,"height":11}},{"id":"dd3a5f2a-f85f-43d1-89d8-a6ab97cf5aee","block_type":"box","text":"1.04","page_number":159,"box":{"x":926,"y":794,"width":30,"height":8}},{"id":"2f8a361d-e372-4c03-b350-933057631ba0","block_type":"box","text":"£1,140,000","page_number":159,"box":{"x":112,"y":809,"width":83,"height":10}},{"id":"a1ba6aea-0215-43bd-b6b0-58b5540d25e5","block_type":"box","text":"SNCF Reseau 4.83% 25/03/2060","page_number":159,"box":{"x":230,"y":809,"width":247,"height":9}},{"id":"e180c16e-f160-4033-aa90-9d193ad9e917","block_type":"box","text":"929,260","page_number":159,"box":{"x":740,"y":809,"width":59,"height":10}},{"id":"9a83715b-6dc8-4f55-af3b-3374bf6606f2","block_type":"box","text":"0.51","page_number":159,"box":{"x":925,"y":809,"width":29,"height":9}},{"id":"9832c115-63bc-4be4-bd77-a71f3fd46b40","block_type":"box","text":"£3,000,000","page_number":159,"box":{"x":112,"y":824,"width":83,"height":10}},{"id":"d06f47c4-214a-4212-a7c2-77097768c9c5","block_type":"box","text":"SNCF Reseau 5.25% 07/12/2028","page_number":159,"box":{"x":230,"y":824,"width":247,"height":9}},{"id":"095920f4-d0fb-4322-b24b-0ba8d644f2d4","block_type":"box","text":"3,044,849","page_number":159,"box":{"x":726,"y":824,"width":73,"height":10}},{"id":"8b83c49d-8b1a-44f1-b231-5ef74d16728b","block_type":"box","text":"1.69","page_number":159,"box":{"x":926,"y":824,"width":30,"height":9}},{"id":"98be8fc0-5409-4424-ad76-d7f4abcbebfe","block_type":"box","text":"£2,800,000","page_number":159,"box":{"x":112,"y":839,"width":83,"height":11}},{"id":"805e6612-4c51-4396-ae3a-e75c8ddf9752","block_type":"box","text":"SNCF Reseau 5.25% 31/01/2035","page_number":159,"box":{"x":230,"y":839,"width":247,"height":9}},{"id":"25f45b86-7798-4256-a7d9-1af1df1902a7","block_type":"box","text":"2,798,964","page_number":159,"box":{"x":726,"y":839,"width":73,"height":11}},{"id":"37711dc2-5205-41cd-8655-0bb50d7231d3","block_type":"box","text":"1.55","page_number":159,"box":{"x":926,"y":840,"width":31,"height":8}},{"id":"aa7500e0-1637-4ddc-94b6-e547b8ccc5c4","block_type":"box","text":"£560,000","page_number":159,"box":{"x":126,"y":855,"width":69,"height":10}},{"id":"a7e68805-bc8b-4b37-8fdd-e742fb4bca84","block_type":"box","text":"Transport for London 3.875% 23/07/2042","page_number":159,"box":{"x":229,"y":855,"width":306,"height":11}},{"id":"efd4474b-61a7-4529-940d-39e67f327730","block_type":"box","text":"441,551","page_number":159,"box":{"x":740,"y":855,"width":57,"height":10}},{"id":"8747789d-5ab5-434c-bdaf-7ada289e2d6b","block_type":"box","text":"0.24","page_number":159,"box":{"x":925,"y":855,"width":31,"height":9}},{"id":"2ac58975-1e34-4a8b-8f03-099d89f88f6f","block_type":"box","text":"£2,700,000","page_number":159,"box":{"x":112,"y":870,"width":83,"height":11}},{"id":"46953347-0d84-46fe-bb08-3e3125c0f904","block_type":"box","text":"Transport for London 4.00% 12/09/2033","page_number":159,"box":{"x":229,"y":870,"width":296,"height":11}},{"id":"8ec114ac-8cef-4a19-8395-e18736f2b864","block_type":"box","text":"2,501,595","page_number":159,"box":{"x":726,"y":870,"width":73,"height":11}},{"id":"fe62043d-75ab-46d6-b5af-d48f5745efd5","block_type":"box","text":"1.38","page_number":159,"box":{"x":926,"y":870,"width":30,"height":9}},{"id":"22e36ff3-46c8-493c-b5d9-05449765a7c9","block_type":"box","text":"£685,000","page_number":159,"box":{"x":126,"y":885,"width":69,"height":11}},{"id":"ea921a5d-c342-42bd-b103-0fcc138da579","block_type":"box","text":"Transport for London 4.00% 07/04/2064","page_number":159,"box":{"x":229,"y":885,"width":296,"height":12}},{"id":"847630e5-f4a2-437a-b09b-de5ac1e923b9","block_type":"box","text":"478,646","page_number":159,"box":{"x":740,"y":886,"width":59,"height":10}},{"id":"8c170459-b747-4742-bad6-f5b1dfe1dfb5","block_type":"box","text":"0.27","page_number":159,"box":{"x":925,"y":886,"width":31,"height":8}},{"id":"30679afc-21da-4444-9444-81bcd05d4c3a","block_type":"box","text":"£2,079,000","page_number":159,"box":{"x":112,"y":901,"width":83,"height":10}},{"id":"4da22912-63bc-4905-8812-604e0fb12380","block_type":"box","text":"Transport for London 5.00% 31/03/2035","page_number":159,"box":{"x":229,"y":901,"width":296,"height":11}},{"id":"ac18511e-d52c-4cec-840e-53cdb5399b09","block_type":"box","text":"2,050,377","page_number":159,"box":{"x":726,"y":901,"width":73,"height":10}},{"id":"45ecd58a-1e8e-460c-b657-6cbcd4549a1e","block_type":"box","text":"1.13","page_number":159,"box":{"x":926,"y":901,"width":30,"height":9}},{"id":"07c3aa5b-5e23-43cf-8583-e9b980a77229","block_type":"box","text":"159","page_number":160,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"3f3f250b-87e7-4d21-a5e7-c3069745d278","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":160,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"07691bd0-ee37-4d1e-824b-4c20636ee502","block_type":"box","text":"Portfolio Statement (continued)","page_number":160,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"b6cdae93-4b4b-4ab4-afaf-573f6c55b065","block_type":"box","text":"Holding/Nominal Value","page_number":160,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"204ce20c-a357-4b02-a88c-230e61661b4b","block_type":"box","text":"Investment","page_number":160,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"d3746bc3-1ece-43e2-af75-58b90d35219f","block_type":"box","text":"Market","page_number":160,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"60d46efa-e787-4d32-96fb-bef73607ec5c","block_type":"box","text":"Value","page_number":160,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"f9805647-4376-42d2-9736-1d768f6b122e","block_type":"box","text":"£","page_number":160,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"cd0fee22-20e4-4e0e-af92-1e1b37f3ed2b","block_type":"box","text":"% of","page_number":160,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"d0b940d7-0c83-460b-a30a-224314b95bec","block_type":"box","text":"Net Assets","page_number":160,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"1dddf4b7-0597-435b-a1ea-733e3576fdce","block_type":"box","text":"Sterling Government Agencies, Supra (continued)","page_number":160,"box":{"x":42,"y":164,"width":397,"height":11}},{"id":"9ef0881e-af7a-4461-95d0-f63dc5d541f2","block_type":"box","text":"£484,000","page_number":160,"box":{"x":126,"y":183,"width":69,"height":10}},{"id":"b6432908-566a-4697-a514-5ad4f71969f6","block_type":"box","text":"Transport for London 5.75% 01/10/2041","page_number":160,"box":{"x":229,"y":183,"width":294,"height":11}},{"id":"2ada1679-3e46-402c-9f2e-75d8059c8e6a","block_type":"box","text":"475,594","page_number":160,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"0891fc4a-2609-47e7-9861-bc7a68f9fb2a","block_type":"box","text":"0.26","page_number":160,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"cd52f386-456a-4e4f-a2c5-a4b13374fd06","block_type":"box","text":"28,010,580","page_number":160,"box":{"x":717,"y":201,"width":82,"height":10}},{"id":"5d4b1ed5-4926-4027-8ee4-fb75a3e4bacc","block_type":"box","text":"15.50","page_number":160,"box":{"x":916,"y":201,"width":40,"height":8}},{"id":"e424c3e8-8778-4918-8197-c9b0b3a9e8c8","block_type":"box","text":"US Government Agencies, Supra","page_number":160,"box":{"x":43,"y":232,"width":261,"height":11}},{"id":"fe60202f-0701-4106-93f0-e1850cd7cdea","block_type":"box","text":"1.76% (31 December 2025 - 1.42%)","page_number":160,"box":{"x":304,"y":232,"width":277,"height":11}},{"id":"73b44f0f-4efb-4452-8c65-adc1eba1d13e","block_type":"box","text":"USD2,730,000","page_number":160,"box":{"x":87,"y":250,"width":108,"height":11}},{"id":"158c0ea6-4b88-4abc-9985-87fa9d44f4f0","block_type":"box","text":"Indian Railway Finance Corporation 2.80% 10/02/2031","page_number":160,"box":{"x":230,"y":250,"width":403,"height":12}},{"id":"b7db7e2d-a53e-4d3f-bbba-fc20aefc2811","block_type":"box","text":"1,856,523","page_number":160,"box":{"x":727,"y":250,"width":72,"height":11}},{"id":"bb46b37d-8497-4dfe-9825-188f25e3bcb2","block_type":"box","text":"1.03","page_number":160,"box":{"x":926,"y":250,"width":30,"height":9}},{"id":"ff5d150e-625e-4641-a45d-214d841b8035","block_type":"box","text":"USD900,000","page_number":160,"box":{"x":101,"y":280,"width":94,"height":10}},{"id":"208984c6-6d01-4848-8175-a760d10c6b0c","block_type":"box","text":"International Bank for Reconstruction & Development","page_number":160,"box":{"x":230,"y":266,"width":399,"height":11}},{"id":"e22fc38b-63e5-4d7b-a8a5-2b3c350e2794","block_type":"box","text":"1.625% 03/11/2031","page_number":160,"box":{"x":231,"y":280,"width":139,"height":9}},{"id":"e22a494e-82ac-458b-8919-924b538a25c7","block_type":"box","text":"589,237","page_number":160,"box":{"x":740,"y":280,"width":59,"height":10}},{"id":"9b3b49ec-53a2-47f9-81f8-99ed00983ead","block_type":"box","text":"0.32","page_number":160,"box":{"x":925,"y":280,"width":31,"height":9}},{"id":"8abf25ad-09ad-4676-acfa-596cb5d95f1d","block_type":"box","text":"USD1,000,000","page_number":160,"box":{"x":87,"y":310,"width":108,"height":10}},{"id":"d88f8762-6f7e-4f79-ae41-6e0f4bfbca48","block_type":"box","text":"International Bank for Reconstruction & Development","page_number":160,"box":{"x":230,"y":295,"width":399,"height":11}},{"id":"0cbf3e90-4870-404d-893d-3bef7ff8cdc9","block_type":"box","text":"3.625% 21/09/2029","page_number":160,"box":{"x":230,"y":310,"width":144,"height":9}},{"id":"3fa9eaf5-c1aa-42fe-8362-b19b085605f9","block_type":"box","text":"735,805","page_number":160,"box":{"x":740,"y":310,"width":59,"height":10}},{"id":"53449060-c47d-4cae-bdb4-e6e431538870","block_type":"box","text":"0.41","page_number":160,"box":{"x":925,"y":310,"width":29,"height":8}},{"id":"3cf0accc-557b-47af-95c2-857993711b65","block_type":"box","text":"3,181,565","page_number":160,"box":{"x":726,"y":328,"width":74,"height":10}},{"id":"8a4a69df-b443-4853-bc4d-c33441522081","block_type":"box","text":"1.76","page_number":160,"box":{"x":926,"y":328,"width":31,"height":8}},{"id":"6c7b1978-4533-4952-af9d-b17e63d531f9","block_type":"box","text":"Euro Government Agencies, Supra","page_number":160,"box":{"x":43,"y":359,"width":276,"height":11}},{"id":"7b57862d-e7c7-482f-8abd-5ea28b621564","block_type":"box","text":"0.88% (31 December 2025 - 0.72%)","page_number":160,"box":{"x":319,"y":359,"width":277,"height":11}},{"id":"5be03605-570c-4457-95a2-631b0c556834","block_type":"box","text":"EUR1,700,000","page_number":160,"box":{"x":87,"y":377,"width":108,"height":11}},{"id":"d0828dcf-08d8-48ef-afe7-bdeef448c5e7","block_type":"box","text":"SNCF Reseau 5.00% 10/10/2033","page_number":160,"box":{"x":230,"y":377,"width":247,"height":9}},{"id":"ad58b8c6-74d0-4cb0-b7f4-4adbcd517b48","block_type":"box","text":"1,591,717","page_number":160,"box":{"x":727,"y":377,"width":72,"height":11}},{"id":"24094b30-dbaf-4e23-a164-2d7a349cd347","block_type":"box","text":"0.88","page_number":160,"box":{"x":925,"y":377,"width":31,"height":9}},{"id":"abc00c94-374e-4a39-8aa0-5f4401b2cc5f","block_type":"box","text":"1,591,717","page_number":160,"box":{"x":727,"y":395,"width":72,"height":11}},{"id":"46c86b7a-2616-44d7-82bb-5a435edbf493","block_type":"box","text":"0.88","page_number":160,"box":{"x":925,"y":395,"width":31,"height":9}},{"id":"fb995dd1-8fa6-4110-8fe3-2891e2cd1fb4","block_type":"box","text":"Sterling Corporate Bonds","page_number":160,"box":{"x":42,"y":426,"width":203,"height":11}},{"id":"4bfdfad1-a002-418f-b014-bf227a8a04e9","block_type":"box","text":"46.00% (31 December 2025 - 42.19%)","page_number":160,"box":{"x":246,"y":426,"width":295,"height":11}},{"id":"fbc61c07-e2c9-4b4b-ab52-f3301bfbe295","block_type":"box","text":"£1,987,000","page_number":160,"box":{"x":112,"y":445,"width":83,"height":10}},{"id":"03976c8d-11de-43b1-816f-73206e136413","block_type":"box","text":"Alphabet 4.625% 13/11/2032","page_number":160,"box":{"x":229,"y":445,"width":214,"height":11}},{"id":"46706c27-d589-4724-9696-dbea2960120e","block_type":"box","text":"1,955,557","page_number":160,"box":{"x":727,"y":445,"width":72,"height":10}},{"id":"a730d9e7-96db-4755-be07-05a93f3925eb","block_type":"box","text":"1.08","page_number":160,"box":{"x":926,"y":445,"width":30,"height":9}},{"id":"28caa1c8-e79d-48cd-976a-a12432c2dce0","block_type":"box","text":"£1,000,000","page_number":160,"box":{"x":112,"y":460,"width":83,"height":11}},{"id":"0e086080-458d-4e83-a28a-b4586ce27274","block_type":"box","text":"AT&T 4.25% 01/06/2043","page_number":160,"box":{"x":229,"y":460,"width":181,"height":9}},{"id":"9f243749-4743-4ecd-83bc-500c8828ecb5","block_type":"box","text":"770,221","page_number":160,"box":{"x":740,"y":460,"width":57,"height":11}},{"id":"be2636a1-71fd-4005-a4cd-37e7d7127c01","block_type":"box","text":"0.43","page_number":160,"box":{"x":925,"y":460,"width":31,"height":9}},{"id":"1ed4004e-a30f-43b0-ae76-91282f26e894","block_type":"box","text":"£1,000,000","page_number":160,"box":{"x":112,"y":476,"width":83,"height":10}},{"id":"538af492-cbf5-4422-b4cb-99b391fb4dca","block_type":"box","text":"AT&T 7.00% 30/04/2040","page_number":160,"box":{"x":229,"y":476,"width":181,"height":9}},{"id":"dafcfbb1-7c3d-440a-b422-169d8a65e862","block_type":"box","text":"1,060,667","page_number":160,"box":{"x":727,"y":476,"width":72,"height":10}},{"id":"c6c93912-abc2-454d-b571-41b40b26619e","block_type":"box","text":"0.59","page_number":160,"box":{"x":925,"y":476,"width":31,"height":8}},{"id":"2536aa55-2549-45be-bfec-0f4963621c45","block_type":"box","text":"£1,450,000","page_number":160,"box":{"x":112,"y":491,"width":83,"height":10}},{"id":"3de0cac0-1266-472b-bc6c-22b1146fafa4","block_type":"box","text":"Aviva 6.875% 20/05/2058","page_number":160,"box":{"x":229,"y":491,"width":190,"height":9}},{"id":"3d3788fd-51a2-478b-8796-53ba895cb19a","block_type":"box","text":"1,500,056","page_number":160,"box":{"x":727,"y":491,"width":72,"height":10}},{"id":"ccde84b5-0641-4164-a902-2116f0751415","block_type":"box","text":"0.83","page_number":160,"box":{"x":925,"y":491,"width":31,"height":9}},{"id":"5a90706c-2f9f-4c97-9eb6-a855e990a8fb","block_type":"box","text":"£3,100,000","page_number":160,"box":{"x":112,"y":506,"width":83,"height":11}},{"id":"fa263e1b-c9e7-47aa-a14b-dbd15b33864e","block_type":"box","text":"Banco Bilbao Vizcaya Argentaria 3.104% 15/07/2031","page_number":160,"box":{"x":230,"y":506,"width":389,"height":12}},{"id":"d1327516-be90-45ea-ad38-177b8fcff28f","block_type":"box","text":"3,098,880","page_number":160,"box":{"x":726,"y":506,"width":73,"height":11}},{"id":"01594d70-2601-47f9-b6c4-9d1d9b2f2298","block_type":"box","text":"1.71","page_number":160,"box":{"x":926,"y":506,"width":28,"height":9}},{"id":"939817e8-8fd7-4ccb-8515-5e07b9baf2ad","block_type":"box","text":"£1,405,000","page_number":160,"box":{"x":112,"y":522,"width":83,"height":10}},{"id":"f0c3f24b-624d-45b6-a4dc-1ba90c892a06","block_type":"box","text":"Barclays 6.174% 29/07/2036","page_number":160,"box":{"x":230,"y":522,"width":213,"height":11}},{"id":"37a1772c-bacb-452e-8ff1-f27ff4507131","block_type":"box","text":"1,428,279","page_number":160,"box":{"x":727,"y":522,"width":72,"height":10}},{"id":"ff2ff91e-9318-4fe2-a126-33d9a4888869","block_type":"box","text":"0.79","page_number":160,"box":{"x":925,"y":522,"width":31,"height":9}},{"id":"2cd6f522-9549-4c38-897a-08cd880d73eb","block_type":"box","text":"£1,300,000","page_number":160,"box":{"x":112,"y":537,"width":83,"height":10}},{"id":"3efd00f7-3f2b-450b-af3b-ddc28f9cbff6","block_type":"box","text":"Bupa Finance 4.125% 14/06/2035","page_number":160,"box":{"x":230,"y":537,"width":252,"height":11}},{"id":"9dc5ed2e-91b8-4d95-bb5f-08ad7a79f8f8","block_type":"box","text":"1,135,623","page_number":160,"box":{"x":727,"y":537,"width":72,"height":10}},{"id":"f34cfec3-6a9d-4e24-8dcf-021d7f8ec464","block_type":"box","text":"0.63","page_number":160,"box":{"x":925,"y":537,"width":31,"height":9}},{"id":"2fe800d1-1d55-424c-8087-105819f6d48d","block_type":"box","text":"£500,000","page_number":160,"box":{"x":126,"y":567,"width":69,"height":10}},{"id":"668dad7a-cbdb-42de-a4b4-cd10bd51e91c","block_type":"box","text":"Chancellor Masters & Scholars of The University of","page_number":160,"box":{"x":230,"y":552,"width":383,"height":12}},{"id":"b3662b0a-186c-4a1f-bdd4-f8d4afe8f234","block_type":"box","text":"Cambridge 2.35% 27/06/2078","page_number":160,"box":{"x":230,"y":567,"width":221,"height":11}},{"id":"ccd0d4be-c0a8-4941-864a-4f349fa23c3f","block_type":"box","text":"222,816","page_number":160,"box":{"x":740,"y":567,"width":59,"height":10}},{"id":"44abada7-a9e4-48ed-bb5d-211ab8d7ff87","block_type":"box","text":"0.12","page_number":160,"box":{"x":925,"y":567,"width":31,"height":9}},{"id":"e12e51b8-46b5-43da-ad2a-0228577deab6","block_type":"box","text":"£1,688,000","page_number":160,"box":{"x":112,"y":582,"width":83,"height":10}},{"id":"61d16593-1f11-4d7f-bf98-592e95b21808","block_type":"box","text":"Comcast 1.875% 20/02/2036","page_number":160,"box":{"x":230,"y":582,"width":215,"height":9}},{"id":"3f41d695-48e5-4fab-a518-2bf300c0d879","block_type":"box","text":"1,214,021","page_number":160,"box":{"x":727,"y":582,"width":70,"height":10}},{"id":"57244d00-fd45-4f97-a045-da768d70fe2f","block_type":"box","text":"0.67","page_number":160,"box":{"x":925,"y":582,"width":31,"height":9}},{"id":"ee9af51a-f714-4cff-ade7-95e269740928","block_type":"box","text":"£1,280,000","page_number":160,"box":{"x":112,"y":597,"width":83,"height":11}},{"id":"1c8e1fc3-a5bd-40b2-8fb3-131192a5e2ed","block_type":"box","text":"Comcast 5.50% 23/11/2029","page_number":160,"box":{"x":230,"y":597,"width":204,"height":9}},{"id":"2c8fdcf5-ab7f-420d-bd28-419a385b3a34","block_type":"box","text":"1,303,802","page_number":160,"box":{"x":727,"y":597,"width":72,"height":11}},{"id":"617dcdf7-2902-4351-a8bd-81afa8bb4751","block_type":"box","text":"0.72","page_number":160,"box":{"x":925,"y":597,"width":31,"height":9}},{"id":"850b6910-e63d-42f0-b6a7-35e1f0b35dc6","block_type":"box","text":"£2,100,000","page_number":160,"box":{"x":112,"y":613,"width":83,"height":10}},{"id":"c6cf7d6a-85a2-47f0-b394-9fd581526a47","block_type":"box","text":"Credit Agricole 5.375% 20/12/2037","page_number":160,"box":{"x":230,"y":613,"width":258,"height":11}},{"id":"833b9991-c4c1-475e-8265-e047ba6ea520","block_type":"box","text":"2,050,741","page_number":160,"box":{"x":726,"y":613,"width":71,"height":10}},{"id":"19b127ff-f9a3-47f7-aa78-f16c203e7cd6","block_type":"box","text":"1.13","page_number":160,"box":{"x":926,"y":613,"width":30,"height":9}},{"id":"ee31da23-366f-4232-9172-dde11cc9528b","block_type":"box","text":"£2,600,000","page_number":160,"box":{"x":112,"y":628,"width":83,"height":11}},{"id":"cc946de9-d970-4b8f-ba64-1965acd59184","block_type":"box","text":"Credit Agricole 5.50% 31/07/2032","page_number":160,"box":{"x":230,"y":628,"width":248,"height":11}},{"id":"4fde7648-a47c-46da-811f-fb881fa0ab2f","block_type":"box","text":"2,636,087","page_number":160,"box":{"x":726,"y":628,"width":73,"height":11}},{"id":"c3b94313-96a7-4261-83ab-dbd17dfa9713","block_type":"box","text":"1.46","page_number":160,"box":{"x":926,"y":628,"width":30,"height":9}},{"id":"c6155721-1ae2-4025-adea-91217bfd40f2","block_type":"box","text":"£1,500,000","page_number":160,"box":{"x":112,"y":643,"width":83,"height":11}},{"id":"5e097254-2bcf-4b80-9353-ce4d13878656","block_type":"box","text":"Credit Agricole 6.00% 22/10/2035","page_number":160,"box":{"x":230,"y":643,"width":248,"height":12}},{"id":"434de775-17b3-413f-959c-74f902c5778c","block_type":"box","text":"1,523,465","page_number":160,"box":{"x":727,"y":644,"width":72,"height":10}},{"id":"a65de002-271f-4acf-8a79-e517c1884bfc","block_type":"box","text":"0.84","page_number":160,"box":{"x":925,"y":644,"width":31,"height":8}},{"id":"696d293f-66f8-4372-9610-7301905f7ae4","block_type":"box","text":"£3,900,000","page_number":160,"box":{"x":112,"y":659,"width":83,"height":10}},{"id":"750caac1-d84f-4c20-9e25-677be3cf07c2","block_type":"box","text":"Digital Stout Holding 3.75% 17/10/2030","page_number":160,"box":{"x":230,"y":659,"width":291,"height":11}},{"id":"93c9a337-1560-451f-be53-ad8ef6ead65f","block_type":"box","text":"3,694,331","page_number":160,"box":{"x":726,"y":659,"width":71,"height":10}},{"id":"16bfd39b-d6fc-463e-a548-ad373f6480ca","block_type":"box","text":"2.04","page_number":160,"box":{"x":925,"y":659,"width":31,"height":9}},{"id":"1080443e-e4a5-4df7-a2d8-70d148cb3a9c","block_type":"box","text":"£1,300,000","page_number":160,"box":{"x":112,"y":674,"width":83,"height":11}},{"id":"8cfd0f20-33c2-4898-b0fc-8d927a64273c","block_type":"box","text":"DWR Cymru Financing UK 2.375% 31/03/2034","page_number":160,"box":{"x":230,"y":674,"width":348,"height":11}},{"id":"92d95b44-dfa2-4221-b5db-362b8ecb3aa2","block_type":"box","text":"994,548","page_number":160,"box":{"x":740,"y":674,"width":59,"height":11}},{"id":"c031f7cb-3bfd-4c41-b4a9-d794d4a3e5b0","block_type":"box","text":"0.55","page_number":160,"box":{"x":925,"y":674,"width":32,"height":9}},{"id":"e48da3b7-cc46-4ba0-b533-eec36df330f7","block_type":"box","text":"£1,950,000","page_number":160,"box":{"x":112,"y":690,"width":83,"height":10}},{"id":"a8820ebd-a6ef-49a7-91f7-323b24e640cb","block_type":"box","text":"E.ON International Finance 5.875% 30/10/2037","page_number":160,"box":{"x":230,"y":690,"width":351,"height":9}},{"id":"5d46263f-5e2b-451a-9d3b-546855bf2627","block_type":"box","text":"1,936,398","page_number":160,"box":{"x":727,"y":690,"width":72,"height":10}},{"id":"f7462e82-a951-4c9d-84b5-d476ddb50bea","block_type":"box","text":"1.07","page_number":160,"box":{"x":926,"y":690,"width":30,"height":8}},{"id":"34d7f80a-bcb3-4856-b2cf-ccdb2bdbf734","block_type":"box","text":"£1,765,000","page_number":160,"box":{"x":112,"y":705,"width":83,"height":10}},{"id":"a60d10aa-8fbd-4951-a6e3-b154d244d342","block_type":"box","text":"Eastern Power Networks 5.375% 02/10/2039","page_number":160,"box":{"x":230,"y":705,"width":333,"height":9}},{"id":"737ac621-9afc-41e5-84a2-1618f7ed6222","block_type":"box","text":"1,667,762","page_number":160,"box":{"x":727,"y":705,"width":72,"height":10}},{"id":"51be842f-f6f6-4dd9-b1bc-61c77f868dfe","block_type":"box","text":"0.92","page_number":160,"box":{"x":925,"y":705,"width":31,"height":9}},{"id":"b7985e91-4793-4c1e-9701-fa73ba6fb971","block_type":"box","text":"£2,500,000","page_number":160,"box":{"x":112,"y":720,"width":83,"height":11}},{"id":"24da4f8b-fbdd-4bd4-becb-ad8a2a588635","block_type":"box","text":"Electricite de France 5.125% 22/09/2050","page_number":160,"box":{"x":230,"y":720,"width":301,"height":9}},{"id":"dd6d1bca-a829-4800-96f3-b66417247b62","block_type":"box","text":"2,000,260","page_number":160,"box":{"x":726,"y":720,"width":73,"height":11}},{"id":"aa6ed31e-b5fc-4283-b752-15c878e95788","block_type":"box","text":"1.11","page_number":160,"box":{"x":928,"y":720,"width":26,"height":9}},{"id":"cc75ed3c-86f6-4b51-a82a-f2555fedbbc8","block_type":"box","text":"£3,300,000","page_number":160,"box":{"x":112,"y":736,"width":83,"height":10}},{"id":"952698c0-25a4-4549-aaf0-48d1a860a38d","block_type":"box","text":"Electricite de France 6.125% 02/06/2034","page_number":160,"box":{"x":230,"y":736,"width":301,"height":9}},{"id":"39e314d4-6c8c-48c0-87bf-c938cd1c3208","block_type":"box","text":"3,398,572","page_number":160,"box":{"x":726,"y":736,"width":73,"height":10}},{"id":"dda8d65f-e9d9-4d38-a2a7-e3b49be302ed","block_type":"box","text":"1.88","page_number":160,"box":{"x":926,"y":736,"width":30,"height":9}},{"id":"d2b7b80f-757c-4e5b-903a-cf8953c3d192","block_type":"box","text":"£500,000","page_number":160,"box":{"x":126,"y":751,"width":69,"height":10}},{"id":"fee12767-4aad-4d5e-9f3d-2b4a69e87748","block_type":"box","text":"HSBC Holdings 5.29% 16/09/2032","page_number":160,"box":{"x":230,"y":751,"width":256,"height":11}},{"id":"97a5f8ed-9380-48bd-a4eb-0f626e588ca5","block_type":"box","text":"502,379","page_number":160,"box":{"x":740,"y":751,"width":59,"height":10}},{"id":"8f210ec4-8570-45ff-bc92-1714bdfe7a88","block_type":"box","text":"0.28","page_number":160,"box":{"x":925,"y":751,"width":31,"height":9}},{"id":"50d1e601-6fc8-488b-b0c9-c8a772144a14","block_type":"box","text":"£450,000","page_number":160,"box":{"x":126,"y":766,"width":69,"height":11}},{"id":"15b7ebc1-c025-456b-ad96-0ac4129b7ed5","block_type":"box","text":"HSBC Holdings 7.00% 07/04/2038","page_number":160,"box":{"x":230,"y":766,"width":256,"height":12}},{"id":"a6ac3a05-a24c-49f1-9ee5-895f95e7184f","block_type":"box","text":"478,073","page_number":160,"box":{"x":740,"y":766,"width":59,"height":11}},{"id":"592da060-e503-4776-a134-4d891705efc4","block_type":"box","text":"0.26","page_number":160,"box":{"x":925,"y":766,"width":31,"height":9}},{"id":"be2ab253-1f43-4f7e-b032-3e2b9839c3a6","block_type":"box","text":"£3,300,000","page_number":160,"box":{"x":112,"y":782,"width":83,"height":10}},{"id":"338b4f90-31ae-4156-b676-0c3c14c985aa","block_type":"box","text":"HSBC Holdings 8.201% 16/11/2034","page_number":160,"box":{"x":230,"y":782,"width":264,"height":11}},{"id":"c1990f06-ebd1-4c92-99bb-ba0aa170cfe6","block_type":"box","text":"3,558,895","page_number":160,"box":{"x":726,"y":782,"width":73,"height":10}},{"id":"774aa3b3-74e4-4ea0-a019-55326bed3ae2","block_type":"box","text":"1.97","page_number":160,"box":{"x":926,"y":782,"width":30,"height":9}},{"id":"e9775329-a624-48f3-9968-0b645ccd8a16","block_type":"box","text":"£3,100,000","page_number":160,"box":{"x":112,"y":797,"width":83,"height":11}},{"id":"297e8605-d2a2-4d1a-80cb-ffd066ff64b9","block_type":"box","text":"InterContinental Hotels Group 3.375% 08/10/2028","page_number":160,"box":{"x":230,"y":797,"width":371,"height":11}},{"id":"3d0bd6b9-ca9f-4d0f-a257-dd3a69c944ab","block_type":"box","text":"2,995,511","page_number":160,"box":{"x":727,"y":797,"width":70,"height":11}},{"id":"c7b0eece-af4a-4f9c-9a62-32f5b7739f15","block_type":"box","text":"1.66","page_number":160,"box":{"x":926,"y":797,"width":30,"height":9}},{"id":"c272f6ea-9b57-4546-ac18-afe8df75794d","block_type":"box","text":"£1,900,000","page_number":160,"box":{"x":112,"y":812,"width":83,"height":11}},{"id":"343bf3f9-01ad-49b7-9d64-51f92b358c13","block_type":"box","text":"Intesa Sanpaolo 8.505% 20/09/2032","page_number":160,"box":{"x":230,"y":812,"width":270,"height":12}},{"id":"fb6df3b2-b373-4092-9cee-9ea1cdacd2bd","block_type":"box","text":"2,179,944","page_number":160,"box":{"x":726,"y":813,"width":73,"height":10}},{"id":"f7d23067-5592-4a9c-b01e-0f6ea78cb239","block_type":"box","text":"1.21","page_number":160,"box":{"x":926,"y":813,"width":28,"height":8}},{"id":"35297f86-fff3-4ae4-a821-392093066ddb","block_type":"box","text":"£1,400,000","page_number":160,"box":{"x":112,"y":828,"width":83,"height":10}},{"id":"0032a5d0-1be7-42da-a46a-c46cbb569eb1","block_type":"box","text":"Legal & General Group 3.75% 26/11/2049","page_number":160,"box":{"x":230,"y":828,"width":311,"height":11}},{"id":"64eb5672-6786-472a-9d2f-86a6505a1f9c","block_type":"box","text":"1,330,492","page_number":160,"box":{"x":727,"y":828,"width":72,"height":10}},{"id":"7d590307-be59-41ff-ac60-c7b7ad6ae10e","block_type":"box","text":"0.74","page_number":160,"box":{"x":925,"y":828,"width":31,"height":9}},{"id":"718e2880-f1df-4297-a3b8-fdc7489a9e4b","block_type":"box","text":"£2,100,000","page_number":160,"box":{"x":112,"y":843,"width":83,"height":11}},{"id":"9143bc4f-df28-4e0c-bd30-e684925082d5","block_type":"box","text":"Lloyds Banking Group 5.25% 16/10/2031","page_number":160,"box":{"x":230,"y":843,"width":302,"height":11}},{"id":"18113e00-23d4-4548-9e88-75d8aba9b7f1","block_type":"box","text":"2,114,054","page_number":160,"box":{"x":727,"y":843,"width":72,"height":11}},{"id":"4caf4bf5-29e3-4149-b603-cc1e7d4515f7","block_type":"box","text":"1.17","page_number":160,"box":{"x":926,"y":843,"width":30,"height":9}},{"id":"e361989c-9419-42ef-a3df-172e80b9173d","block_type":"box","text":"£1,500,000","page_number":160,"box":{"x":112,"y":859,"width":83,"height":10}},{"id":"1dc71fd9-f165-4039-a3b9-736a5ad425f5","block_type":"box","text":"Lloyds Banking Group 5.625% 16/09/2036","page_number":160,"box":{"x":230,"y":859,"width":314,"height":11}},{"id":"e4976429-4ffd-4a0d-957b-359ffec5bfc0","block_type":"box","text":"1,498,320","page_number":160,"box":{"x":727,"y":859,"width":72,"height":10}},{"id":"f971e271-7596-4b14-bf3e-94d612fee80e","block_type":"box","text":"0.83","page_number":160,"box":{"x":925,"y":859,"width":31,"height":8}},{"id":"81b85b95-ad29-4438-81cd-6a643bcd903e","block_type":"box","text":"£1,500,000","page_number":160,"box":{"x":112,"y":874,"width":83,"height":10}},{"id":"8ab02d41-eeea-4a7e-91c9-0ee3dbc478b2","block_type":"box","text":"M&G 5.56% 20/07/2055","page_number":160,"box":{"x":230,"y":874,"width":177,"height":9}},{"id":"4e131558-9e38-4443-92fd-48b4b4239080","block_type":"box","text":"1,426,118","page_number":160,"box":{"x":729,"y":874,"width":70,"height":10}},{"id":"328beb28-585e-494c-8a09-ba5644ebc141","block_type":"box","text":"0.79","page_number":160,"box":{"x":925,"y":874,"width":31,"height":9}},{"id":"bf144d53-2294-42b1-b23b-d1ff31d9ebde","block_type":"box","text":"£1,500,000","page_number":160,"box":{"x":112,"y":889,"width":83,"height":11}},{"id":"995d6523-27f0-41fc-8398-d45656c1028a","block_type":"box","text":"Morgan Stanley 5.789% 18/11/2033","page_number":160,"box":{"x":230,"y":889,"width":265,"height":11}},{"id":"a3aeb6b5-de29-4cb6-bf3e-544d1cb656a5","block_type":"box","text":"1,536,485","page_number":160,"box":{"x":727,"y":889,"width":72,"height":11}},{"id":"9cb0496f-4913-407b-a9bd-259d4075b6c0","block_type":"box","text":"0.85","page_number":160,"box":{"x":925,"y":889,"width":32,"height":9}},{"id":"c85bc7b2-c6e6-40bf-8103-324ceaa51789","block_type":"box","text":"£1,200,000","page_number":160,"box":{"x":112,"y":905,"width":83,"height":10}},{"id":"0fff7853-2f79-4fe9-beec-1f04933e35b5","block_type":"box","text":"Motability Operations Group 2.375% 14/03/2032","page_number":160,"box":{"x":230,"y":905,"width":357,"height":11}},{"id":"81407fd5-4d9b-4f0a-a716-210fcb88bfd2","block_type":"box","text":"1,035,833","page_number":160,"box":{"x":727,"y":905,"width":72,"height":10}},{"id":"fbabf8ca-84c0-431b-89a2-e4eb028ea862","block_type":"box","text":"0.57","page_number":160,"box":{"x":925,"y":905,"width":31,"height":8}},{"id":"0182f026-c397-4efa-80e9-5522615d9e69","block_type":"box","text":"£1,200,000","page_number":160,"box":{"x":112,"y":920,"width":83,"height":10}},{"id":"1f5957bb-809e-4580-95d9-55313207385e","block_type":"box","text":"Motability Operations Group 4.875% 17/01/2043","page_number":160,"box":{"x":230,"y":920,"width":358,"height":11}},{"id":"dd421edc-bfc2-4d9f-83b6-f75c0dc04f23","block_type":"box","text":"1,012,971","page_number":160,"box":{"x":727,"y":920,"width":70,"height":10}},{"id":"5325106c-36d3-46cc-81fb-6ac1bdff2cac","block_type":"box","text":"0.56","page_number":160,"box":{"x":925,"y":920,"width":31,"height":9}},{"id":"61ad4568-d95c-497f-9288-acda8622175b","block_type":"box","text":"160","page_number":161,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"253fff42-0188-412c-b20b-d2335a444af9","block_type":"box","text":"161","page_number":161,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"8992661f-b3d8-485e-b17c-1ba22e3543de","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":161,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"1cd65a8d-846e-4cd6-b36e-cf54d16231c8","block_type":"box","text":"Portfolio Statement (continued)","page_number":161,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"e0521fdd-70c4-4ba0-823e-fb9477caf00f","block_type":"box","text":"Holding/Nominal Value","page_number":161,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"88973b2f-c7a4-45c3-87de-dac1c3b983f1","block_type":"box","text":"Investment","page_number":161,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"8b9e5109-e534-429e-b311-2da24e343dcd","block_type":"box","text":"Market","page_number":161,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"b992e19b-1e68-42e9-a8db-347029f71604","block_type":"box","text":"Value","page_number":161,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"e57a427d-7286-40d2-a411-8d4aae5b98da","block_type":"box","text":"£","page_number":161,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"fc06878f-fc91-4894-b972-087ab18161c8","block_type":"box","text":"% of","page_number":161,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"26e55e75-4b80-4b90-9595-3f2c421b0db3","block_type":"box","text":"Net Assets","page_number":161,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"bd308bbc-0624-4b4e-841a-25962f4122a5","block_type":"box","text":"Sterling Corporate Bonds (continued)","page_number":161,"box":{"x":42,"y":164,"width":299,"height":11}},{"id":"84ea184a-4a82-4ab4-aa68-9392b5cb20ee","block_type":"box","text":"£1,200,000","page_number":161,"box":{"x":112,"y":197,"width":83,"height":10}},{"id":"5a3e13b0-a999-4a10-9558-1f91ad041465","block_type":"box","text":"National Grid Electricity Distribution South West 5.75%","page_number":161,"box":{"x":230,"y":183,"width":410,"height":11}},{"id":"c0e13eeb-ffc6-4366-834e-5f9755e4595c","block_type":"box","text":"23/03/2040","page_number":161,"box":{"x":229,"y":197,"width":83,"height":9}},{"id":"81bf7417-1649-4683-bf81-c8c63845eec0","block_type":"box","text":"1,147,056","page_number":161,"box":{"x":727,"y":197,"width":72,"height":10}},{"id":"4366e76f-50c6-4db4-a2c1-118161c24a78","block_type":"box","text":"0.63","page_number":161,"box":{"x":925,"y":197,"width":31,"height":9}},{"id":"05ff714d-19e5-4bff-a1d1-db5bfb270261","block_type":"box","text":"£2,500,000","page_number":161,"box":{"x":112,"y":212,"width":83,"height":11}},{"id":"494fba26-6a19-48b1-bd0c-08cb6bfa8758","block_type":"box","text":"Nationwide Building Society 7.50% Perpetual","page_number":161,"box":{"x":230,"y":212,"width":334,"height":12}},{"id":"2b286f7e-44b7-49f8-b286-9a5bbe803b28","block_type":"box","text":"2,571,825","page_number":161,"box":{"x":726,"y":212,"width":73,"height":11}},{"id":"e642f2f9-eec3-42a7-81c4-904525ee5e74","block_type":"box","text":"1.42","page_number":161,"box":{"x":926,"y":212,"width":30,"height":9}},{"id":"812b26b6-be86-451f-a251-1cb0e421b865","block_type":"box","text":"£1,800,000","page_number":161,"box":{"x":112,"y":228,"width":83,"height":10}},{"id":"d3aa5c88-44fa-4ba9-a4ae-50adcbeb4fb7","block_type":"box","text":"NatWest Group 7.50% Perpetual","page_number":161,"box":{"x":230,"y":228,"width":242,"height":11}},{"id":"0e9346ec-871b-4938-add2-5d6892ee85a8","block_type":"box","text":"1,855,746","page_number":161,"box":{"x":727,"y":228,"width":72,"height":10}},{"id":"3713e3e0-6b24-43c3-9b99-69d69ce0e545","block_type":"box","text":"1.03","page_number":161,"box":{"x":926,"y":228,"width":30,"height":9}},{"id":"764b7622-3caf-41a7-a340-c80b5ae7481e","block_type":"box","text":"£1,515,000","page_number":161,"box":{"x":112,"y":243,"width":83,"height":11}},{"id":"8265403c-ba0b-4140-ac95-e85679afd0aa","block_type":"box","text":"NatWest Markets 6.375% 07/12/2028","page_number":161,"box":{"x":230,"y":243,"width":277,"height":9}},{"id":"f870a6cb-8999-4f27-a398-817ff993fb48","block_type":"box","text":"1,536,496","page_number":161,"box":{"x":727,"y":243,"width":72,"height":11}},{"id":"1181a089-c791-4055-bdbb-d2b29d44819f","block_type":"box","text":"0.85","page_number":161,"box":{"x":925,"y":243,"width":32,"height":9}},{"id":"31c73aaa-884f-498d-be11-83c0c4243ae3","block_type":"box","text":"£400,000","page_number":161,"box":{"x":126,"y":258,"width":69,"height":11}},{"id":"40a7c63e-2ead-4d9b-8a05-7a5d31202560","block_type":"box","text":"Northern Electric Finance 2.75% 24/05/2049","page_number":161,"box":{"x":230,"y":258,"width":329,"height":9}},{"id":"a9e13eec-f07e-4060-8191-45fb1fa46e1d","block_type":"box","text":"229,376","page_number":161,"box":{"x":740,"y":259,"width":59,"height":10}},{"id":"5935d52a-541b-4336-b9a3-7312097243c0","block_type":"box","text":"0.13","page_number":161,"box":{"x":925,"y":259,"width":31,"height":8}},{"id":"ec28c7fc-8ffc-442c-bf76-0840b458251f","block_type":"box","text":"£700,000","page_number":161,"box":{"x":126,"y":274,"width":69,"height":10}},{"id":"5b026c96-2582-4a91-adb1-42eb7aa88582","block_type":"box","text":"Northern Powergrid Northeast 3.25% 01/04/2052","page_number":161,"box":{"x":230,"y":274,"width":362,"height":11}},{"id":"91fba727-8a07-4089-adba-d25183626681","block_type":"box","text":"434,812","page_number":161,"box":{"x":740,"y":274,"width":59,"height":10}},{"id":"6c2cef13-349d-4104-a106-21bce320a2f0","block_type":"box","text":"0.24","page_number":161,"box":{"x":925,"y":274,"width":31,"height":9}},{"id":"101a0558-223e-4489-9710-9cb543a2d46f","block_type":"box","text":"£3,000,000","page_number":161,"box":{"x":112,"y":289,"width":83,"height":11}},{"id":"83fd4571-d296-477d-9bf0-41c0246847f7","block_type":"box","text":"Places for People Homes 5.875% 23/05/2031","page_number":161,"box":{"x":230,"y":289,"width":336,"height":11}},{"id":"5c06ec3f-7a95-4452-a6c6-e9a8b03fdd8b","block_type":"box","text":"3,074,028","page_number":161,"box":{"x":726,"y":289,"width":73,"height":11}},{"id":"34b462d6-e944-40f5-b63d-95a25c2eb7ea","block_type":"box","text":"1.70","page_number":161,"box":{"x":926,"y":289,"width":30,"height":9}},{"id":"50a60c2b-29ca-4ad4-a7c8-cb66413c061e","block_type":"box","text":"£1,672,100","page_number":161,"box":{"x":112,"y":305,"width":83,"height":10}},{"id":"72b159e3-b64d-4326-bcb9-ad27e0f81b9b","block_type":"box","text":"RCB Bonds 7.50% 07/07/2032","page_number":161,"box":{"x":230,"y":305,"width":227,"height":9}},{"id":"20d9c986-6928-420c-8a8c-5ad2bb54d93d","block_type":"box","text":"1,698,829","page_number":161,"box":{"x":727,"y":305,"width":72,"height":10}},{"id":"593db120-b885-49df-b6df-27a5e57403f8","block_type":"box","text":"0.94","page_number":161,"box":{"x":925,"y":305,"width":31,"height":8}},{"id":"f04d8d7d-d3ca-40f4-aa74-65007da351ea","block_type":"box","text":"£2,060,000","page_number":161,"box":{"x":112,"y":320,"width":83,"height":10}},{"id":"9f3e878d-c8c7-463a-807a-bf4fb64f204d","block_type":"box","text":"Realty Income 6.00% 05/12/2039","page_number":161,"box":{"x":230,"y":320,"width":246,"height":11}},{"id":"0aeb0c15-d978-4b07-9010-223b8b2589f5","block_type":"box","text":"2,047,279","page_number":161,"box":{"x":726,"y":320,"width":73,"height":10}},{"id":"94b0af66-5a70-4ded-be4c-91e85712a30d","block_type":"box","text":"1.13","page_number":161,"box":{"x":926,"y":320,"width":30,"height":9}},{"id":"37781d55-46c8-4fa9-95b6-6fb53eeda0b8","block_type":"box","text":"£1,993,100","page_number":161,"box":{"x":112,"y":335,"width":83,"height":11}},{"id":"89a8bb82-3684-4ba3-b738-d482cf39c4f2","block_type":"box","text":"Retail Charity Bonds 3.50% 08/12/2033","page_number":161,"box":{"x":230,"y":335,"width":292,"height":11}},{"id":"0dfe0457-808e-40e5-badc-69ff21134bd8","block_type":"box","text":"1,749,259","page_number":161,"box":{"x":727,"y":335,"width":72,"height":11}},{"id":"f2f9a6d5-edf7-4dae-8b8a-fb0fdf53a99c","block_type":"box","text":"0.97","page_number":161,"box":{"x":925,"y":335,"width":31,"height":9}},{"id":"53f71ef7-5644-4718-9cb4-3df498f3518c","block_type":"box","text":"£2,200,000","page_number":161,"box":{"x":112,"y":351,"width":83,"height":10}},{"id":"8461e3b2-18cf-4def-9d3b-411352862412","block_type":"box","text":"Scottish Power UK 6.375% 31/05/2041","page_number":161,"box":{"x":230,"y":351,"width":286,"height":9}},{"id":"edc3acc2-69c6-4354-a876-979cbf2cfbf7","block_type":"box","text":"2,233,001","page_number":161,"box":{"x":726,"y":351,"width":71,"height":10}},{"id":"d4dd6272-045b-4eb8-bf27-a314cc07cf8a","block_type":"box","text":"1.24","page_number":161,"box":{"x":926,"y":351,"width":30,"height":8}},{"id":"ba9b83f8-16ed-479e-8957-c719b306c9d9","block_type":"box","text":"£1,000,000","page_number":161,"box":{"x":112,"y":366,"width":83,"height":10}},{"id":"957dcdc4-4311-48b5-ba7a-2a6549c38d1c","block_type":"box","text":"Telefonica Emisiones 5.445% 08/10/2029","page_number":161,"box":{"x":229,"y":366,"width":307,"height":9}},{"id":"a1fd91b9-0b99-468a-aabf-c7d19479e8c3","block_type":"box","text":"1,014,584","page_number":161,"box":{"x":727,"y":366,"width":72,"height":10}},{"id":"9fb4e6d5-0cfc-4f21-8096-55f25b5ed00c","block_type":"box","text":"0.56","page_number":161,"box":{"x":925,"y":366,"width":31,"height":9}},{"id":"aa94bad7-3e3f-48f2-92da-43f0f6e5b7fe","block_type":"box","text":"£1,800,000","page_number":161,"box":{"x":112,"y":381,"width":83,"height":11}},{"id":"bcfdbd2a-0ec7-4e58-ba7d-778027c46b68","block_type":"box","text":"Unicredit 5.305% 31/07/2032","page_number":161,"box":{"x":230,"y":381,"width":215,"height":9}},{"id":"f519ca79-5292-41ae-839c-34a7a1c3d5b8","block_type":"box","text":"1,802,012","page_number":161,"box":{"x":727,"y":381,"width":72,"height":11}},{"id":"c7e3153e-6c70-4f1b-bd9f-9597c0125108","block_type":"box","text":"1.00","page_number":161,"box":{"x":926,"y":382,"width":30,"height":8}},{"id":"115549f5-0e18-4daf-b918-5d2766a186da","block_type":"box","text":"£3,900,000","page_number":161,"box":{"x":112,"y":397,"width":83,"height":10}},{"id":"51c2171f-782f-440b-bc54-57c1b63153cf","block_type":"box","text":"Unite Group 5.625% 25/06/2032","page_number":161,"box":{"x":230,"y":397,"width":239,"height":11}},{"id":"07ecde5d-ff3d-400a-a5e5-9db6ed1f1ab2","block_type":"box","text":"3,913,847","page_number":161,"box":{"x":726,"y":397,"width":73,"height":10}},{"id":"ba3e5989-5b72-4cb6-a68c-76187dd2cc2b","block_type":"box","text":"2.17","page_number":161,"box":{"x":925,"y":397,"width":31,"height":8}},{"id":"794d97e0-1c75-4e41-bd03-b25baa0a5972","block_type":"box","text":"£400,000","page_number":161,"box":{"x":126,"y":412,"width":69,"height":10}},{"id":"79db6d92-679e-4edb-afa9-146d437d7dbf","block_type":"box","text":"University of Manchester 4.25% 04/07/2053","page_number":161,"box":{"x":230,"y":412,"width":324,"height":11}},{"id":"b920c03d-46b4-47cd-b7d3-36fdf6d3b153","block_type":"box","text":"298,977","page_number":161,"box":{"x":740,"y":412,"width":59,"height":10}},{"id":"51082181-d30c-466f-9fca-2b03dcacfe38","block_type":"box","text":"0.17","page_number":161,"box":{"x":925,"y":412,"width":31,"height":9}},{"id":"2965b8a6-ba4d-413e-83a5-307d299b0797","block_type":"box","text":"£300,000","page_number":161,"box":{"x":126,"y":427,"width":69,"height":11}},{"id":"97cbd497-0df1-4145-87ed-bc6691a5d4f5","block_type":"box","text":"University of Oxford 2.544% 08/12/2117","page_number":161,"box":{"x":230,"y":427,"width":295,"height":12}},{"id":"df291b50-a15d-4e13-b1e2-0c039d7f5b68","block_type":"box","text":"129,297","page_number":161,"box":{"x":741,"y":428,"width":58,"height":10}},{"id":"2437768a-2c6c-4eae-9b5e-2ff74bb142d5","block_type":"box","text":"0.07","page_number":161,"box":{"x":925,"y":428,"width":31,"height":8}},{"id":"9c289085-936b-4ddd-8e44-0b2c57b88a87","block_type":"box","text":"£1,500,000","page_number":161,"box":{"x":112,"y":443,"width":83,"height":10}},{"id":"9e637481-9e16-4575-b059-ae5d09272b6d","block_type":"box","text":"Verizon Communications 5.742% 15/06/2056","page_number":161,"box":{"x":229,"y":443,"width":335,"height":9}},{"id":"1c989f5d-c4f1-4aef-ab77-e1ef29466a88","block_type":"box","text":"1,491,922","page_number":161,"box":{"x":727,"y":443,"width":72,"height":10}},{"id":"10f956c6-0e03-4ef0-b015-f68e10acdc28","block_type":"box","text":"0.83","page_number":161,"box":{"x":925,"y":443,"width":31,"height":9}},{"id":"aecf5d8b-88ae-401c-bd3d-33968b9b8c51","block_type":"box","text":"£1,700,000","page_number":161,"box":{"x":112,"y":458,"width":83,"height":11}},{"id":"c7c298b9-67d3-4545-861e-6d9bf595d6a9","block_type":"box","text":"Verizon Communications 5.743% 15/08/2056","page_number":161,"box":{"x":229,"y":458,"width":335,"height":9}},{"id":"30726946-8598-4a57-bdde-09fee9d2fc6e","block_type":"box","text":"1,671,946","page_number":161,"box":{"x":727,"y":458,"width":72,"height":11}},{"id":"cb825a98-32c3-452d-9d0e-e11030fcaa3e","block_type":"box","text":"0.92","page_number":161,"box":{"x":925,"y":458,"width":31,"height":9}},{"id":"7798e812-1c8c-4d2c-a08b-95fdd98888fe","block_type":"box","text":"£500,000","page_number":161,"box":{"x":126,"y":473,"width":69,"height":11}},{"id":"09caae6b-c884-44c6-8e46-0ace096b639e","block_type":"box","text":"Vodafone Group 6.375% 03/07/2050","page_number":161,"box":{"x":229,"y":473,"width":272,"height":12}},{"id":"471e309a-9a5e-4c96-9e82-54940f422a2a","block_type":"box","text":"485,043","page_number":161,"box":{"x":740,"y":474,"width":59,"height":10}},{"id":"a68dfeaf-5b2e-4123-8e58-3a8380e25206","block_type":"box","text":"0.27","page_number":161,"box":{"x":925,"y":474,"width":31,"height":8}},{"id":"08039df0-aa16-4b9d-ae30-8726a61fe81f","block_type":"box","text":"£500,000","page_number":161,"box":{"x":126,"y":503,"width":69,"height":11}},{"id":"5d30a3e1-b967-43ad-97ca-78f0b1ee6476","block_type":"box","text":"Zurich Finance Ireland Designated Activity 5.125%","page_number":161,"box":{"x":229,"y":489,"width":380,"height":11}},{"id":"3c04ffdf-7b49-4fc1-b4fe-9df0c8ceea13","block_type":"box","text":"23/11/2052","page_number":161,"box":{"x":229,"y":503,"width":82,"height":9}},{"id":"67995b11-a032-4f59-8cb6-ee89f6f88f1b","block_type":"box","text":"490,847","page_number":161,"box":{"x":740,"y":503,"width":59,"height":11}},{"id":"53638f59-52ec-4138-9870-21420068331d","block_type":"box","text":"0.27","page_number":161,"box":{"x":925,"y":503,"width":31,"height":9}},{"id":"f9d3af03-72b1-45b4-bc47-7583332eedf4","block_type":"box","text":"83,137,343","page_number":161,"box":{"x":717,"y":521,"width":82,"height":11}},{"id":"3a378ba4-781d-4668-9b1f-58387426d24a","block_type":"box","text":"46.00","page_number":161,"box":{"x":915,"y":521,"width":41,"height":9}},{"id":"429abb97-564e-4a14-8424-5647a7ede3a1","block_type":"box","text":"US Corporate Bonds","page_number":161,"box":{"x":43,"y":552,"width":163,"height":11}},{"id":"fcdc0ff2-ac15-4f27-aff9-3bb019813a4d","block_type":"box","text":"2.49% (31 December 2025 - 2.01%)","page_number":161,"box":{"x":207,"y":552,"width":276,"height":11}},{"id":"07a774f9-9dd6-4cc0-b78d-42747bbfb0e1","block_type":"box","text":"USD1,300,000","page_number":161,"box":{"x":87,"y":571,"width":108,"height":10}},{"id":"3bf354a6-35f8-42ad-b0b0-a4cd70577ef0","block_type":"box","text":"Standard Chartered 7.014% Perpetual","page_number":161,"box":{"x":230,"y":571,"width":283,"height":11}},{"id":"b08af0d3-8465-40cd-b69e-0f0092b08ab1","block_type":"box","text":"997,246","page_number":161,"box":{"x":740,"y":571,"width":59,"height":10}},{"id":"e5efaebb-13e7-4128-998a-0c466e164a46","block_type":"box","text":"0.55","page_number":161,"box":{"x":925,"y":571,"width":32,"height":9}},{"id":"eab65f51-0ff2-4b46-8db6-b44fe46e6278","block_type":"box","text":"USD5,200,000","page_number":161,"box":{"x":87,"y":600,"width":108,"height":11}},{"id":"7ab02ebc-50c5-4cc2-98fc-e8c22da39908","block_type":"box","text":"Zurich Finance Ireland Designated Activity 3.00%","page_number":161,"box":{"x":229,"y":586,"width":370,"height":11}},{"id":"2d58a908-66ca-4c0e-bee9-dbdf23e9f931","block_type":"box","text":"19/04/2051","page_number":161,"box":{"x":231,"y":600,"width":79,"height":9}},{"id":"47bee2e9-1108-484e-a2a7-6fe46fecb98a","block_type":"box","text":"3,508,880","page_number":161,"box":{"x":726,"y":600,"width":73,"height":11}},{"id":"f1418913-d3c3-4f2e-84f5-f45ea551fc1a","block_type":"box","text":"1.94","page_number":161,"box":{"x":926,"y":600,"width":30,"height":9}},{"id":"18d3a55b-cfaf-408d-8354-82fe63a09a44","block_type":"box","text":"4,506,126","page_number":161,"box":{"x":726,"y":618,"width":74,"height":11}},{"id":"cf9cc56c-f844-4ac0-bb44-a1b70a5ac01a","block_type":"box","text":"2.49","page_number":161,"box":{"x":925,"y":618,"width":31,"height":9}},{"id":"f436fc8e-e2b6-4c03-9cbd-ff0a39b90d98","block_type":"box","text":"Forward Currency Contracts","page_number":161,"box":{"x":43,"y":649,"width":226,"height":12}},{"id":"5af17c2b-d188-4a35-9130-9d553be82d81","block_type":"box","text":"-0.01% (31 December 2025 - 0.03%)","page_number":161,"box":{"x":270,"y":649,"width":281,"height":12}},{"id":"b9d1ea2c-2e0d-475a-a941-eeeadf4041ae","block_type":"box","text":"EUR (1,773,871)","page_number":161,"box":{"x":71,"y":668,"width":124,"height":11}},{"id":"a4d981f8-d85c-4c44-82c2-cfebef901348","block_type":"box","text":"Sold EUR, Bought GBP 1,539,507 for settlement on","page_number":161,"box":{"x":230,"y":668,"width":389,"height":11}},{"id":"1849d356-d7b5-4912-8da1-2528fe712e92","block_type":"box","text":"17/09/2026","page_number":161,"box":{"x":231,"y":682,"width":81,"height":9}},{"id":"e03864c1-3380-466e-91aa-b4291dcfe459","block_type":"box","text":"15,622","page_number":161,"box":{"x":751,"y":682,"width":48,"height":11}},{"id":"0770c429-9fe7-4ad1-922a-5412f67228fd","block_type":"box","text":"0.01","page_number":161,"box":{"x":925,"y":682,"width":29,"height":9}},{"id":"a2ef6cec-84f2-4209-b10d-f415e7163fae","block_type":"box","text":"USD (8,426,315)","page_number":161,"box":{"x":71,"y":698,"width":124,"height":11}},{"id":"fa0911dd-8ef6-47b0-a2be-0d83d86ec162","block_type":"box","text":"Sold USD, Bought GBP 6,279,064 for settlement on","page_number":161,"box":{"x":230,"y":698,"width":383,"height":11}},{"id":"a5d4be50-638d-4f76-a9ea-6ecb70ac3dc3","block_type":"box","text":"17/09/2026","page_number":161,"box":{"x":231,"y":712,"width":81,"height":9}},{"id":"7fa70729-b4d0-4a53-94c9-151107e144e9","block_type":"box","text":"(29,359)","page_number":161,"box":{"x":739,"y":712,"width":61,"height":11}},{"id":"0a4b6d40-3f13-4fc3-8043-0edf3023e6aa","block_type":"box","text":"(0.02)","page_number":161,"box":{"x":914,"y":712,"width":43,"height":11}},{"id":"5514176f-f686-4536-92d2-25bec2ff3cc9","block_type":"box","text":"(13,737)","page_number":161,"box":{"x":738,"y":730,"width":61,"height":11}},{"id":"d329d92d-7ac2-48e5-89b4-deecf84a5784","block_type":"box","text":"(0.01)","page_number":161,"box":{"x":914,"y":730,"width":42,"height":11}},{"id":"ec00416d-7a3d-4694-aa54-d7a6b80262f1","block_type":"box","text":"Total Value of Investments 98.94%","page_number":161,"box":{"x":229,"y":770,"width":271,"height":9}},{"id":"9edc8d0a-8cb9-4d60-a093-1fa7fbf92c68","block_type":"box","text":"(31 December 2025 - 99.21%)","page_number":161,"box":{"x":230,"y":786,"width":228,"height":11}},{"id":"0ca1dcbe-7fa8-4b57-96b4-c65d8e279b2f","block_type":"box","text":"178,813,835","page_number":161,"box":{"x":709,"y":786,"width":90,"height":10}},{"id":"eac51093-ec60-44f1-ad13-d6dc1abc0199","block_type":"box","text":"98.94","page_number":161,"box":{"x":916,"y":786,"width":40,"height":8}},{"id":"ff98e888-6fd7-4b2a-9a20-4004e06b1c96","block_type":"box","text":"Net Other Assets","page_number":161,"box":{"x":230,"y":801,"width":134,"height":9}},{"id":"679af20d-8fef-467f-95b9-269c9c4bd68f","block_type":"box","text":"1,912,499","page_number":161,"box":{"x":727,"y":801,"width":72,"height":10}},{"id":"ee49ca49-5283-4910-983f-ebe95dec87fa","block_type":"box","text":"1.06","page_number":161,"box":{"x":926,"y":801,"width":30,"height":9}},{"id":"f0fc6ea8-f289-41d1-8ea5-2d69caa541b6","block_type":"box","text":"Net assets","page_number":161,"box":{"x":230,"y":819,"width":82,"height":9}},{"id":"7343f86c-9746-4fd7-93df-936df68ffee5","block_type":"box","text":"180,726,334","page_number":161,"box":{"x":708,"y":819,"width":92,"height":10}},{"id":"cfbcbb5d-ec86-48b1-98bc-d34c295fc7b0","block_type":"box","text":"100.00","page_number":161,"box":{"x":907,"y":819,"width":49,"height":9}},{"id":"78c7b975-d1b9-454d-a1c3-22e887ae4abb","block_type":"box","text":"All holdings are bonds and are listed on an official stock exchange unless otherwise stated.","page_number":161,"box":{"x":42,"y":856,"width":674,"height":11}},{"id":"aed1c6d7-3c39-4c67-bb47-07353873dee1","block_type":"box","text":"161","page_number":162,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"edac6f41-025d-41a0-8893-0071ba672375","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":162,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"2316c1b4-4959-4056-9e77-db7b80ed0bce","block_type":"box","text":"Portfolio Statement (continued)","page_number":162,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"0547b7b2-f571-4725-b9f9-ad1dab0f169f","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":162,"box":{"x":42,"y":109,"width":416,"height":9}},{"id":"20138abb-0e41-436c-abc7-3a0315200396","block_type":"box","text":"Bonds","page_number":162,"box":{"x":230,"y":125,"width":46,"height":9}},{"id":"e52e2747-50d2-4879-b28b-a9456daa91b8","block_type":"box","text":"178,827,572","page_number":162,"box":{"x":709,"y":125,"width":90,"height":10}},{"id":"94246d7e-9e74-4440-b969-2b8612226880","block_type":"box","text":"98.95","page_number":162,"box":{"x":916,"y":125,"width":40,"height":9}},{"id":"409717b2-2417-4d26-afd8-101974f66d14","block_type":"box","text":"Forward Currency Contracts","page_number":162,"box":{"x":230,"y":140,"width":209,"height":11}},{"id":"4d02f4d7-ff24-4aa7-b0a1-cde9097e567a","block_type":"box","text":"(13,737)","page_number":162,"box":{"x":739,"y":140,"width":61,"height":11}},{"id":"d809aa16-7aa9-4052-91b7-8e75139fdcb9","block_type":"box","text":"(0.01)","page_number":162,"box":{"x":914,"y":140,"width":43,"height":11}},{"id":"30ba77b1-799b-4308-a83c-13fe3722a364","block_type":"box","text":"Net Other Assets","page_number":162,"box":{"x":230,"y":155,"width":125,"height":9}},{"id":"fd2416af-3c5f-44c8-82be-c538f9a26e5d","block_type":"box","text":"1,912,499","page_number":162,"box":{"x":727,"y":155,"width":72,"height":11}},{"id":"7e47489a-cfbe-4ce1-b78e-f230821ed8cd","block_type":"box","text":"1.06","page_number":162,"box":{"x":926,"y":156,"width":30,"height":8}},{"id":"e0dba57b-09f3-48f1-af46-7a9a4824392d","block_type":"box","text":"180,726,334","page_number":162,"box":{"x":708,"y":173,"width":92,"height":11}},{"id":"0d33a3b7-aa01-4b13-8261-0b1b25ad4b98","block_type":"box","text":"100.00","page_number":162,"box":{"x":907,"y":173,"width":49,"height":9}},{"id":"b66e8f04-7d5c-4db2-bfbc-3f0fe4c76ea0","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":162,"box":{"x":43,"y":210,"width":677,"height":12}},{"id":"1f6bd036-d58c-40b2-b6be-8e5c341495d6","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":162,"box":{"x":230,"y":226,"width":405,"height":11}},{"id":"f8f5d185-5b31-4f5d-9390-6fdd86a807c0","block_type":"box","text":"88.40","page_number":162,"box":{"x":916,"y":226,"width":40,"height":9}},{"id":"cce3fe13-162b-42cd-a82c-de2f0bf64740","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":162,"box":{"x":230,"y":241,"width":403,"height":11}},{"id":"1e035621-6ece-4923-a12d-aa85883ebd15","block_type":"box","text":"(sub BBB- or unrated)","page_number":162,"box":{"x":230,"y":255,"width":162,"height":12}},{"id":"15c3c565-00e7-4262-a3fd-aed7fd55291c","block_type":"box","text":"11.60","page_number":162,"box":{"x":918,"y":256,"width":38,"height":8}},{"id":"9eb9b2cb-e141-4a29-a151-0c7c6b6205d1","block_type":"box","text":"100.00","page_number":162,"box":{"x":907,"y":274,"width":49,"height":8}},{"id":"be0749bb-9181-4640-96d0-086fa723a990","block_type":"box","text":"162","page_number":163,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"f716558c-9edb-4765-a4d0-8a4ab9860ab4","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":163,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"21f53800-1341-4bd6-8732-91dbd6527323","block_type":"box","text":"Statement of Total Return","page_number":163,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"be742fb0-6157-4b3c-b40c-2ed26f48a88e","block_type":"box","text":"For the period ended","page_number":163,"box":{"x":43,"y":95,"width":159,"height":11}},{"id":"8b4c5480-86ef-43ad-bf9f-ccab00158570","block_type":"box","text":"3","page_number":163,"box":{"x":203,"y":95,"width":8,"height":9}},{"id":"99959447-a1d3-4bcf-a888-4def3a97608e","block_type":"box","text":"July","page_number":163,"box":{"x":217,"y":95,"width":29,"height":11}},{"id":"9e4ec185-8fed-4e7d-8581-8b9c9607b56b","block_type":"box","text":"2026","page_number":163,"box":{"x":251,"y":95,"width":37,"height":9}},{"id":"c83e1ad4-8da0-48a6-a7a4-d4d44fc8ff59","block_type":"box","text":"(unaudited)","page_number":163,"box":{"x":288,"y":95,"width":89,"height":11}},{"id":"f801ab07-d61c-4c00-91bf-d630023941f9","block_type":"box","text":"03.07.2026","page_number":163,"box":{"x":639,"y":125,"width":66,"height":7}},{"id":"3ad64dde-0c6b-4b59-9c88-0e4b91eae09b","block_type":"box","text":"1","page_number":163,"box":{"x":706,"y":125,"width":2,"height":4}},{"id":"e4ee2784-80de-48fa-beba-904e49854c96","block_type":"box","text":"30.06.2025","page_number":163,"box":{"x":890,"y":125,"width":67,"height":7}},{"id":"d5a21229-c53c-44cd-9621-439f81e6f22a","block_type":"box","text":"£","page_number":163,"box":{"x":578,"y":140,"width":8,"height":7}},{"id":"b8964094-cd61-468c-9885-67c07cf57e40","block_type":"box","text":"£","page_number":163,"box":{"x":702,"y":140,"width":7,"height":7}},{"id":"b05cdff6-f9fc-4ad4-9b46-d7e10bd5cbab","block_type":"box","text":"£","page_number":163,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"de0c7835-9bc5-4e39-950b-e26bbf2f4b4f","block_type":"box","text":"£","page_number":163,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"9808a25e-06f0-4c53-9a82-dc5e54d733ae","block_type":"box","text":"Income","page_number":163,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"b9a9749a-4425-4ccd-abc3-30d740a9a13e","block_type":"box","text":"Net capital (losses)/gains","page_number":163,"box":{"x":55,"y":193,"width":186,"height":12}},{"id":"201c35db-88b2-4445-927a-d1ed44a95104","block_type":"box","text":"(2,901,673)","page_number":163,"box":{"x":625,"y":193,"width":84,"height":12}},{"id":"a462f515-baf2-493a-bdac-9bd4e0c9f284","block_type":"box","text":"2,151,262","page_number":163,"box":{"x":883,"y":193,"width":73,"height":11}},{"id":"a962feaf-93b8-4f14-9877-3e474b839807","block_type":"box","text":"Revenue","page_number":163,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"4d852353-e678-4bc9-a10c-9f66cdb28cc9","block_type":"box","text":"4,995,756","page_number":163,"box":{"x":511,"y":210,"width":74,"height":10}},{"id":"d95fbaa1-d02f-409c-99a9-9391ce4e5545","block_type":"box","text":"7,257,366","page_number":163,"box":{"x":759,"y":210,"width":74,"height":10}},{"id":"42d3a63f-c096-4539-9f50-92be8d34ef9f","block_type":"box","text":"Expenses","page_number":163,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"ab71b3f6-f2e5-4567-93ba-8641fd754f64","block_type":"box","text":"(349,141)","page_number":163,"box":{"x":515,"y":225,"width":70,"height":12}},{"id":"3a4f99a1-785b-4573-b480-27ddec289519","block_type":"box","text":"(726,685)","page_number":163,"box":{"x":762,"y":225,"width":71,"height":12}},{"id":"ec2dd8c0-7e70-4483-82b7-5f163a6ce30d","block_type":"box","text":"Interest payable and similar expenses","page_number":163,"box":{"x":43,"y":242,"width":280,"height":11}},{"id":"8bf67f29-2477-44ad-8532-635c0d973912","block_type":"box","text":"(11)","page_number":163,"box":{"x":558,"y":242,"width":27,"height":11}},{"id":"d1bdadc2-b21d-447f-88d9-14a569892545","block_type":"box","text":"(1,567)","page_number":163,"box":{"x":781,"y":242,"width":52,"height":11}},{"id":"7da54a8d-5641-49da-81a5-9f7f41ea714f","block_type":"box","text":"Net revenue before taxation","page_number":163,"box":{"x":43,"y":258,"width":205,"height":9}},{"id":"6cb6ace6-187a-4940-8880-932b1f8c0e5c","block_type":"box","text":"4,646,604","page_number":163,"box":{"x":511,"y":258,"width":74,"height":10}},{"id":"ce5721b9-da0b-4631-92a0-9fae6efc0b9d","block_type":"box","text":"6,529,114","page_number":163,"box":{"x":760,"y":258,"width":73,"height":10}},{"id":"68691dd2-a3c4-42cc-a8be-f17df159fb92","block_type":"box","text":"Net revenue after taxation for the period","page_number":163,"box":{"x":43,"y":274,"width":317,"height":11}},{"id":"5f7c9a1d-a656-4bb7-98fb-384a8f9b3401","block_type":"box","text":"4,646,604","page_number":163,"box":{"x":635,"y":274,"width":74,"height":10}},{"id":"c4adf880-aa29-43c6-aa8f-e6790d52ddb6","block_type":"box","text":"6,529,114","page_number":163,"box":{"x":884,"y":274,"width":72,"height":10}},{"id":"02d93bf9-3451-4472-9456-ed4536d1d077","block_type":"box","text":"Total returns before distributions","page_number":163,"box":{"x":42,"y":294,"width":263,"height":9}},{"id":"f11e1c4d-d074-4478-8239-c00fb42fc6f1","block_type":"box","text":"1,744,931","page_number":163,"box":{"x":637,"y":294,"width":70,"height":11}},{"id":"f95ac8bc-a2ca-4983-a666-30322025739a","block_type":"box","text":"8,680,376","page_number":163,"box":{"x":883,"y":294,"width":73,"height":11}},{"id":"e757adb2-102c-4700-a90a-69ad8b6b61ba","block_type":"box","text":"Distributions","page_number":163,"box":{"x":43,"y":310,"width":91,"height":9}},{"id":"8eba16c1-6be9-4eaa-915f-26d32876a69d","block_type":"box","text":"(4,725,188)","page_number":163,"box":{"x":625,"y":310,"width":84,"height":11}},{"id":"cfd0109f-61cd-4783-8a12-0a0bb9c71312","block_type":"box","text":"(6,467,902)","page_number":163,"box":{"x":872,"y":310,"width":85,"height":11}},{"id":"0cdfbd7f-37e0-4833-92db-6a2a40645439","block_type":"box","text":"Change in net assets attributable to","page_number":163,"box":{"x":43,"y":345,"width":288,"height":11}},{"id":"f9ecf85e-58f7-4a21-8966-3c5e791a0d7d","block_type":"box","text":"shareholders from investment activities","page_number":163,"box":{"x":54,"y":359,"width":316,"height":9}},{"id":"5fe9fae5-ef66-46da-9b34-8d9fc4a482de","block_type":"box","text":"(2,980,257)","page_number":163,"box":{"x":625,"y":357,"width":84,"height":12}},{"id":"6f2345ad-c0fe-41fc-9d04-e29c5ed8ff75","block_type":"box","text":"2,212,474","page_number":163,"box":{"x":883,"y":358,"width":73,"height":10}},{"id":"e7d59742-0e81-43dd-8d9d-bd1347720c52","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":163,"box":{"x":43,"y":402,"width":620,"height":13}},{"id":"51d68fda-228d-417b-b02a-1e4b50b90589","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":163,"box":{"x":43,"y":418,"width":334,"height":11}},{"id":"f781fac2-9558-42d1-be22-9634f92de710","block_type":"box","text":"03.07.2026","page_number":163,"box":{"x":636,"y":448,"width":66,"height":7}},{"id":"c8d13427-ce27-42ad-85e3-6bcbcccf60e1","block_type":"box","text":"1","page_number":163,"box":{"x":703,"y":447,"width":2,"height":4}},{"id":"abb5ce89-ad0f-430e-9c84-c4f606ab9f49","block_type":"box","text":"30.06.2025","page_number":163,"box":{"x":888,"y":448,"width":66,"height":7}},{"id":"2551b2e5-d46e-42f0-bf6b-4a8ed9f6f9f6","block_type":"box","text":"£","page_number":163,"box":{"x":578,"y":463,"width":8,"height":7}},{"id":"e7534f0c-0935-4181-b701-3ff6bc7b33f6","block_type":"box","text":"£","page_number":163,"box":{"x":699,"y":463,"width":7,"height":7}},{"id":"0ccbb629-92b3-4077-891b-5a81f830bd75","block_type":"box","text":"£","page_number":163,"box":{"x":826,"y":463,"width":7,"height":7}},{"id":"47d1e204-e8bf-41b0-aef0-7e1f4a482f5c","block_type":"box","text":"£","page_number":163,"box":{"x":947,"y":463,"width":7,"height":7}},{"id":"b172381d-0c4b-4d9c-8ca2-cfb284913bff","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":163,"box":{"x":43,"y":500,"width":380,"height":11}},{"id":"6e80d21c-1e93-4456-be81-c6e0dd5d7063","block_type":"box","text":"2","page_number":163,"box":{"x":424,"y":500,"width":4,"height":5}},{"id":"dc8e7feb-3068-4841-bd1e-57fef6612011","block_type":"box","text":"225,082,547","page_number":163,"box":{"x":617,"y":500,"width":92,"height":10}},{"id":"8f7a9b0f-596f-4639-974d-8d14a3d445f4","block_type":"box","text":"327,536,654","page_number":163,"box":{"x":864,"y":500,"width":92,"height":10}},{"id":"494f2720-39f0-4110-8ae3-5b924c1a6a8f","block_type":"box","text":"Issue of shares","page_number":163,"box":{"x":43,"y":516,"width":112,"height":9}},{"id":"08fed511-0f1e-4244-a608-f9c29054401a","block_type":"box","text":"13,333,870","page_number":163,"box":{"x":500,"y":516,"width":82,"height":10}},{"id":"70bdda07-b306-4da8-affe-49c6269db8fd","block_type":"box","text":"23,515,397","page_number":163,"box":{"x":746,"y":516,"width":83,"height":10}},{"id":"c970d933-4e0e-4518-bb03-a18026fafeb1","block_type":"box","text":"Cancellation of shares","page_number":163,"box":{"x":43,"y":532,"width":164,"height":9}},{"id":"21151dc8-969d-4d83-8b0e-d7a91e0f9ab8","block_type":"box","text":"(55,089,703)","page_number":163,"box":{"x":494,"y":532,"width":91,"height":11}},{"id":"6fd7701b-d820-4772-92ba-7a83485e9af8","block_type":"box","text":"(81,815,282)","page_number":163,"box":{"x":741,"y":532,"width":92,"height":11}},{"id":"aa488203-e71a-4a53-b861-0b2c2afa9e2e","block_type":"box","text":"(41,755,833)","page_number":163,"box":{"x":615,"y":548,"width":94,"height":11}},{"id":"f955f16e-45bb-455d-946a-aa2b3c645992","block_type":"box","text":"(58,299,885)","page_number":163,"box":{"x":863,"y":548,"width":94,"height":11}},{"id":"597c41be-061e-4f4f-b0f5-405fa1499dc0","block_type":"box","text":"Single swing price adjustment","page_number":163,"box":{"x":43,"y":564,"width":221,"height":11}},{"id":"4d44909f-72ba-48e8-9051-b9b668942c17","block_type":"box","text":"63,422","page_number":163,"box":{"x":659,"y":564,"width":50,"height":11}},{"id":"e6adfcef-30c7-4de1-ad9d-f53a4d3d8ecd","block_type":"box","text":"17,784","page_number":163,"box":{"x":908,"y":564,"width":48,"height":11}},{"id":"6f46fa5c-5073-455d-8dd5-a6ccffee34a5","block_type":"box","text":"Change in net assets attributable to","page_number":163,"box":{"x":43,"y":578,"width":268,"height":12}},{"id":"3a0ec746-61ee-4dc0-ba3a-e3c4a2999540","block_type":"box","text":"shareholders from investment activities (see above)","page_number":163,"box":{"x":54,"y":595,"width":383,"height":11}},{"id":"310ebba2-92cc-472e-a1d6-964b14aee4dd","block_type":"box","text":"(2,980,257)","page_number":163,"box":{"x":625,"y":595,"width":84,"height":11}},{"id":"f263ddcd-c263-4456-b64a-42336c6bd394","block_type":"box","text":"2,212,474","page_number":163,"box":{"x":883,"y":595,"width":73,"height":10}},{"id":"17886964-f2fe-4d32-9107-ba3f1d766435","block_type":"box","text":"Retained distribution on accumulation shares","page_number":163,"box":{"x":43,"y":611,"width":333,"height":8}},{"id":"d4b59fa4-3401-479e-9e1a-2a7851a67741","block_type":"box","text":"316,455","page_number":163,"box":{"x":650,"y":611,"width":59,"height":10}},{"id":"750318e1-ed1c-43c2-ad84-4e191f3f27f4","block_type":"box","text":"735,863","page_number":163,"box":{"x":897,"y":611,"width":59,"height":10}},{"id":"5b1fb1ca-3859-4bd5-994d-b31b0336eb26","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":163,"box":{"x":43,"y":628,"width":373,"height":11}},{"id":"69c64a46-1e59-4271-94de-b18e46c7cf9a","block_type":"box","text":"180,726,334","page_number":163,"box":{"x":618,"y":626,"width":91,"height":10}},{"id":"5acd06a2-bff2-4f4b-8839-45b40eb73999","block_type":"box","text":"272,202,890","page_number":163,"box":{"x":864,"y":626,"width":92,"height":10}},{"id":"40ce226b-2572-493a-bf5c-10464faa346a","block_type":"box","text":"1","page_number":163,"box":{"x":43,"y":659,"width":2,"height":4}},{"id":"cc4c9113-1d24-4783-826b-8573114fd73e","block_type":"box","text":"The sub-fund’s interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":163,"box":{"x":46,"y":659,"width":910,"height":9}},{"id":"704c1db2-5fe1-4179-9799-723017e0553e","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":163,"box":{"x":42,"y":671,"width":915,"height":9}},{"id":"b29d3bac-bb6c-41e9-9648-2b3b0fd5e3e0","block_type":"box","text":"shareholders.","page_number":163,"box":{"x":42,"y":682,"width":80,"height":7}},{"id":"b602d659-d6ec-41b6-9755-cbf8c54e8f27","block_type":"box","text":"2","page_number":163,"box":{"x":42,"y":693,"width":5,"height":5}},{"id":"9147c611-6b68-4c4c-9ab6-6c49dbe4b34e","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to the closing comparative position by the change in shareholders’ net assets for the","page_number":163,"box":{"x":48,"y":695,"width":909,"height":9}},{"id":"1666842f-9a1a-45d3-bf93-f1431cec00be","block_type":"box","text":"second half of the comparative financial year.","page_number":163,"box":{"x":42,"y":707,"width":268,"height":9}},{"id":"a7d91b9e-0027-41a8-b418-736fdbfa6d68","block_type":"box","text":"163","page_number":164,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"2c2433cb-9d1d-476b-8a11-88fa58acedae","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":164,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"f7072920-1176-421c-8aed-335705333fe3","block_type":"box","text":"Balance Sheet","page_number":164,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"1533677b-e3f4-400f-9ba4-5136e353cfec","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":164,"box":{"x":42,"y":95,"width":218,"height":11}},{"id":"b2bad298-2bfc-40df-8dcd-f7d1c8ab79e1","block_type":"box","text":"03.07.2026","page_number":164,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"3eb5cf9b-e00e-41b4-b8d2-c152d92dec08","block_type":"box","text":"1","page_number":164,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"40e70e8e-e27e-45b0-9f0d-2b7afe5e6cef","block_type":"box","text":"31.12.2025","page_number":164,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"2dfa6656-c9dc-4d10-9f96-4b84f4e38a5a","block_type":"box","text":"£","page_number":164,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"602b62d2-255b-4623-94da-46a3ff0c77ec","block_type":"box","text":"£","page_number":164,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"d4a0d83b-ce13-43b3-92d0-807fc01a6bb8","block_type":"box","text":"Assets","page_number":164,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"e4246f8a-d674-463a-aa61-36c2096effab","block_type":"box","text":"Investments","page_number":164,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"2340adb5-074d-4c3a-b10f-7283b2a0fd38","block_type":"box","text":"178,843,194","page_number":164,"box":{"x":628,"y":183,"width":90,"height":10}},{"id":"729a3343-6156-44af-b6a2-80d7e1973a20","block_type":"box","text":"223,305,871","page_number":164,"box":{"x":864,"y":183,"width":90,"height":10}},{"id":"ff66171d-ed7f-4bf7-a800-1969da3f59fa","block_type":"box","text":"Amounts receivable","page_number":164,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"c92c5dfe-d55d-41a8-8849-949e2c9aac1a","block_type":"box","text":"3,612,885","page_number":164,"box":{"x":645,"y":199,"width":73,"height":10}},{"id":"5a17b750-c844-4239-91b2-31efd1a11801","block_type":"box","text":"3,563,843","page_number":164,"box":{"x":883,"y":199,"width":73,"height":10}},{"id":"ced9545a-be5e-44ea-9076-023e5c19d306","block_type":"box","text":"Cash and cash equivalents","page_number":164,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"02c0a102-0881-4d08-a61c-fc7afcef6326","block_type":"box","text":"2,386,728","page_number":164,"box":{"x":645,"y":215,"width":73,"height":10}},{"id":"88de4591-cf43-4a3e-97dd-569e27216aa5","block_type":"box","text":"2,999,286","page_number":164,"box":{"x":883,"y":215,"width":73,"height":10}},{"id":"f851bcbc-8ed3-4aab-b0b6-10ea34af08db","block_type":"box","text":"Total assets","page_number":164,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"48bb7be3-7639-4db2-a3ab-73159555091f","block_type":"box","text":"184,842,807","page_number":164,"box":{"x":628,"y":232,"width":90,"height":10}},{"id":"0925a729-f805-4bab-ba18-b2a598f47916","block_type":"box","text":"229,869,000","page_number":164,"box":{"x":864,"y":232,"width":92,"height":10}},{"id":"73bc17b5-8cfa-495c-bcf6-aeb789f50775","block_type":"box","text":"Liabilities","page_number":164,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"1873444e-0a96-4044-b643-2b138a6211f1","block_type":"box","text":"Investments","page_number":164,"box":{"x":55,"y":270,"width":89,"height":9}},{"id":"77023d07-ed49-4be7-83c5-7e8640e39b94","block_type":"box","text":"(29,359)","page_number":164,"box":{"x":658,"y":270,"width":61,"height":11}},{"id":"c223fe24-047d-46b3-8add-dc7d7e2f7f65","block_type":"box","text":"–","page_number":164,"box":{"x":948,"y":275,"width":9,"height":1}},{"id":"ff93553a-a149-4f43-9f61-ed3a1f764188","block_type":"box","text":"Bank overdrafts","page_number":164,"box":{"x":55,"y":286,"width":116,"height":9}},{"id":"e0a0c634-e2b3-4ccf-abda-73e9c78f3d44","block_type":"box","text":"(1,608,134)","page_number":164,"box":{"x":634,"y":286,"width":85,"height":11}},{"id":"5ea91ec1-3934-464d-a942-af086c399c66","block_type":"box","text":"(2,286,386)","page_number":164,"box":{"x":872,"y":286,"width":85,"height":11}},{"id":"8a662613-262e-4371-a4de-14907483b60d","block_type":"box","text":"Distribution payable","page_number":164,"box":{"x":55,"y":302,"width":145,"height":11}},{"id":"6157b953-f89d-483d-b60b-f03621a52bf8","block_type":"box","text":"(2,163,946)","page_number":164,"box":{"x":634,"y":302,"width":85,"height":11}},{"id":"11f3c4be-367e-4d3f-b13c-1822ffb33401","block_type":"box","text":"(2,370,901)","page_number":164,"box":{"x":872,"y":302,"width":85,"height":11}},{"id":"fd5c39ef-efc0-4f6f-9f98-58ed58fa9eb6","block_type":"box","text":"Other amounts payable","page_number":164,"box":{"x":54,"y":318,"width":174,"height":11}},{"id":"1c715c41-d2e2-4d3a-9b6a-5f5610ed44b1","block_type":"box","text":"(315,034)","page_number":164,"box":{"x":648,"y":318,"width":71,"height":11}},{"id":"a78abba2-d56f-499c-94cd-9b79166f75ce","block_type":"box","text":"(129,166)","page_number":164,"box":{"x":886,"y":318,"width":71,"height":11}},{"id":"ca9f2baf-c3de-4cfe-9b56-1d79accfada3","block_type":"box","text":"Total liabilities","page_number":164,"box":{"x":42,"y":335,"width":103,"height":9}},{"id":"550e27eb-6523-4797-88dc-75d4c4dc0bab","block_type":"box","text":"(4,116,473)","page_number":164,"box":{"x":635,"y":335,"width":84,"height":11}},{"id":"98b50073-c54a-4a86-ad43-755122879751","block_type":"box","text":"(4,786,453)","page_number":164,"box":{"x":872,"y":335,"width":85,"height":11}},{"id":"9e35db93-b686-4d9d-af57-9430c3b0414a","block_type":"box","text":"Net assets attributable to shareholders","page_number":164,"box":{"x":43,"y":352,"width":309,"height":9}},{"id":"41f1de3d-cac5-494a-b407-79cc43e7dc44","block_type":"box","text":"180,726,334","page_number":164,"box":{"x":628,"y":351,"width":90,"height":10}},{"id":"a22f1b6c-d46b-4efd-a1ba-f4180f4f04e0","block_type":"box","text":"225,082,547","page_number":164,"box":{"x":864,"y":351,"width":92,"height":10}},{"id":"982a62e2-c3ee-49dc-86ce-be78d4cfd79c","block_type":"box","text":"1","page_number":164,"box":{"x":43,"y":384,"width":2,"height":4}},{"id":"e543c4b3-cadb-40ac-9015-d11e658d0d0f","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":164,"box":{"x":46,"y":384,"width":910,"height":9}},{"id":"9bb750cd-579d-418c-a669-046e08ceb203","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":164,"box":{"x":42,"y":395,"width":915,"height":9}},{"id":"fc3a9ab4-935c-4fac-afc2-2e75df8869ae","block_type":"box","text":"shareholders.","page_number":164,"box":{"x":42,"y":407,"width":80,"height":7}},{"id":"54ca991b-0345-46fe-8172-d9f86755241c","block_type":"box","text":"All items in the balance sheet above are current.","page_number":164,"box":{"x":42,"y":432,"width":358,"height":9}},{"id":"064c531f-b6f8-4bb0-b61a-d63cea3995e8","block_type":"box","text":"164","page_number":165,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"160a850d-e6df-49a4-8a80-9266981edb65","block_type":"box","text":"165","page_number":165,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"d6df55cf-5f38-4186-846e-90521cfa0ddb","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":165,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"5cd55c00-9bc4-4565-b4e4-75d3b39d07da","block_type":"box","text":"Notes to the Financial Statements","page_number":165,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"0507a904-c894-4ea1-bed9-dd924b4174dd","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":165,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"707ebe1e-44df-44f3-8821-d34790039df6","block_type":"box","text":"1. Accounting Policies","page_number":165,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"c735adba-5545-494f-858f-fdbdde3fafce","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":165,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"2033c60d-48b7-41ee-93c3-a62fd9f51fd4","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":165,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"4db3766c-5aa8-4469-901b-04d6f1425300","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":165,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"b231cc4d-caba-4964-8e7f-33b21cb2cb50","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":165,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"2abfa587-829b-41a5-a363-bda81c8fb224","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":165,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"234135eb-1903-4541-b922-84c3cafa99a4","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":165,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"5259639b-973d-49c0-a1b2-a58ac9c88969","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":165,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"914d65c0-8f79-440c-8279-ed15e54d5fa7","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":165,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"ac6ebd1b-34df-476f-a10a-ba05c5eeb62b","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":165,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"7d389595-059a-4689-8e8a-748cb94dbc32","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":165,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"c69804f4-c6d0-472a-919a-828dddffbc22","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":165,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"7c7fc043-c0ba-4b2e-969a-55a058791d30","block_type":"box","text":"the current period.","page_number":165,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"449943cd-f8d8-4ac4-8f3f-d4bcc294789e","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":165,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"1ecf68d9-b552-4012-847e-ca80e05aa96b","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":165,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"64f38e85-f358-4507-ab52-ad3a2b0bac68","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":165,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"17a75283-2aa6-41c3-8801-365241074258","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":165,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"1da3868d-5240-48df-b69e-23ac6f23d08a","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":165,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"fb031f13-d665-4973-b801-5b3aaec6cece","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":165,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"ccf0be25-c0bf-4e62-ae6f-4c0e62637b98","block_type":"box","text":"2. Related Parties","page_number":165,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"0c20d377-044b-454b-83c5-08fd47da048f","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":165,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"b7b0e940-bc1b-4d68-8929-8b31826afb8b","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":165,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"7825c09e-d7bc-447e-8123-ee082e4e7be4","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":165,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"a54992a7-a989-4f8f-9486-eadd85c284a5","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":165,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"9a1e4249-2df4-4882-9d8d-fd68c61d407b","block_type":"box","text":"page 162","page_number":165,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"c06fd840-55c1-48dd-8a20-3f11401380a0","block_type":"box","text":".","page_number":165,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"aa0f3c19-a27d-4214-a085-1a34420574b2","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £42,672","page_number":165,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"27756455-ada8-49ca-a820-7b67b831c1b9","block_type":"box","text":"(31 December 2025: £50,750).","page_number":165,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"30cd67b2-7d85-420d-bf4d-75a3cb78c92e","block_type":"box","text":"At the period end, Sarasin Responsible Corporate Bond held no shares in any other sub-fund or collective investment","page_number":165,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"0fa3e759-2442-425c-95eb-3459a31a999b","block_type":"box","text":"schemes managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":165,"box":{"x":42,"y":587,"width":766,"height":11}},{"id":"5c140277-6c7c-4f92-8703-1e048ef64fe3","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 65.18% of the sub-fund on behalf of multiple beneficiaries","page_number":165,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"a84388c5-f6f1-449e-bf47-d2d5d47b79a4","block_type":"box","text":"(31 December 2025: 55.51%).","page_number":165,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"3d07d5bc-9aae-4a4f-9537-7fa2695acdb7","block_type":"box","text":"165","page_number":166,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"df6c7b8d-853d-4db2-94d9-fc9be60de1c3","block_type":"box","text":"SARASIN Responsible Corporate Bond","page_number":166,"box":{"x":43,"y":34,"width":375,"height":13}},{"id":"a16c5530-d45f-48d6-8164-cf9cdbf9c82b","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":166,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"805b5569-57ae-4cc2-82f3-f40eb0392bd3","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":166,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"ed560e0e-1ec9-4c78-801a-82691f645750","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":166,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"cff41f6f-38da-4c54-9be1-d5173b47c494","block_type":"box","text":"their fair value.","page_number":166,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"148515d4-62a4-4c5d-b8a7-0abfa41f2420","block_type":"box","text":"Valuation technique as at","page_number":166,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"f21841c5-8b37-4611-b60d-8bdb777df6b0","block_type":"box","text":"3 July 2026","page_number":166,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"2e0866fc-b921-4f00-ae2f-c4c37b7a6431","block_type":"box","text":"1","page_number":166,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"2edb047d-96e7-42f7-b31b-c6bf56af2457","block_type":"box","text":"Financial Assets","page_number":166,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"7985f00a-6702-4720-8e7b-68bcde279bb5","block_type":"box","text":"Level 1","page_number":166,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"36181bd1-d573-44cb-9750-f0963b90aa14","block_type":"box","text":"£","page_number":166,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"daf098b2-9523-4deb-8b93-da3bb1b4a006","block_type":"box","text":"Level 2","page_number":166,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"add27982-ecaf-4480-8b2d-5d0084c2a6c0","block_type":"box","text":"£","page_number":166,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"b2f5de26-eebc-4f89-adf4-de377dfc0486","block_type":"box","text":"Level 3","page_number":166,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"3dbd9ca4-43e3-456a-914b-5095a00d5827","block_type":"box","text":"£","page_number":166,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"e2cc4a9b-68ea-4ca5-9e8b-c774fc50905c","block_type":"box","text":"Total","page_number":166,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"d71035ca-4b28-46d3-a79e-21802b91b10b","block_type":"box","text":"£","page_number":166,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"ebba97f7-5cd3-42db-a89f-0da288b126e0","block_type":"box","text":"Debt Securities","page_number":166,"box":{"x":45,"y":213,"width":112,"height":9}},{"id":"6b65ded9-9f5f-4318-93a5-74bfeaf613dc","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":219,"width":9,"height":1}},{"id":"497fc3f2-185b-49e2-98ff-708fd01b246e","block_type":"box","text":"178,827,572","page_number":166,"box":{"x":632,"y":214,"width":91,"height":10}},{"id":"5f7c21cf-951d-463a-b4fa-851f69cb6381","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"279f35de-1b78-41ed-bf53-beb1f109cb38","block_type":"box","text":"178,827,572","page_number":166,"box":{"x":866,"y":214,"width":90,"height":10}},{"id":"85b180ca-45ad-4ab4-b05d-46887467b868","block_type":"box","text":"Forward Currency Contracts","page_number":166,"box":{"x":46,"y":229,"width":208,"height":11}},{"id":"59585f92-30f9-4fbe-84ff-07c2fa4c577e","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":234,"width":9,"height":1}},{"id":"c53bd6f5-9a3d-4c14-8465-e1c712b74d4e","block_type":"box","text":"15,622","page_number":166,"box":{"x":674,"y":229,"width":49,"height":10}},{"id":"e9e88182-d6fb-4c55-9a6a-cea470402992","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":234,"width":10,"height":1}},{"id":"d257c53d-fc74-43a8-941f-d834979212f1","block_type":"box","text":"15,622","page_number":166,"box":{"x":908,"y":229,"width":48,"height":10}},{"id":"6789f1c1-653f-4db1-a7e7-e702680cda25","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":250,"width":9,"height":1}},{"id":"7f36e38f-18c1-4e7e-bfbb-b470e887c009","block_type":"box","text":"178,843,194","page_number":166,"box":{"x":632,"y":245,"width":91,"height":10}},{"id":"a6a10e76-fd7a-4fd6-9326-21a3588f22c6","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":250,"width":10,"height":1}},{"id":"d6993ebf-6c84-4caa-96f8-66f53615402e","block_type":"box","text":"178,843,194","page_number":166,"box":{"x":866,"y":245,"width":90,"height":10}},{"id":"e4d4933b-8fcb-4ae8-b169-b898d0aa4632","block_type":"box","text":"Financial Liabilities","page_number":166,"box":{"x":45,"y":277,"width":122,"height":7}},{"id":"ff99a300-dfd5-4be8-be70-101062297694","block_type":"box","text":"Forward Currency Contracts","page_number":166,"box":{"x":46,"y":295,"width":208,"height":12}},{"id":"6e42a9e6-2406-43f1-b2d0-9d23246134fb","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":300,"width":9,"height":1}},{"id":"3af6f87b-e0a9-4f70-b31f-5a86a6011712","block_type":"box","text":"(29,359)","page_number":166,"box":{"x":662,"y":295,"width":61,"height":12}},{"id":"8772ce95-f317-48c3-a4b9-0773085072f5","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":300,"width":10,"height":1}},{"id":"4b84bde9-7554-4775-a1c6-e54f983c9bb3","block_type":"box","text":"(29,359)","page_number":166,"box":{"x":896,"y":295,"width":61,"height":12}},{"id":"7cd7e1dc-facf-4998-8681-a4f136d058ee","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":317,"width":9,"height":1}},{"id":"1115f737-af60-477b-a3f7-5a959aa9ef0a","block_type":"box","text":"(29,359)","page_number":166,"box":{"x":662,"y":311,"width":61,"height":12}},{"id":"396f4b75-bab4-4ce6-8a10-6d400b1a3813","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":317,"width":10,"height":1}},{"id":"44dd2c9e-994b-4627-8b42-25dbe86970a1","block_type":"box","text":"(29,359)","page_number":166,"box":{"x":896,"y":311,"width":61,"height":12}},{"id":"9fdc3e52-27b5-4de0-b40b-9aa31eaaae95","block_type":"box","text":"Valuation technique as at","page_number":166,"box":{"x":44,"y":343,"width":161,"height":8}},{"id":"8c073401-0e0b-4135-bfbd-c3a4f2a1b4d1","block_type":"box","text":"31 December 2025","page_number":166,"box":{"x":210,"y":343,"width":116,"height":7}},{"id":"fc52a6c9-3e02-43bb-8589-a3b71b378da6","block_type":"box","text":"Financial Assets","page_number":166,"box":{"x":45,"y":368,"width":104,"height":7}},{"id":"5bc3be87-ff38-411d-9b41-3408f7e3028f","block_type":"box","text":"Level 1","page_number":166,"box":{"x":563,"y":357,"width":42,"height":7}},{"id":"ee7f367f-3db4-4069-b6ab-22d2fc5420c2","block_type":"box","text":"£","page_number":166,"box":{"x":600,"y":368,"width":7,"height":7}},{"id":"73194e73-40a8-4adf-a6f9-9a86aacc6829","block_type":"box","text":"Level 2","page_number":166,"box":{"x":679,"y":357,"width":44,"height":7}},{"id":"58a3a016-cead-4e9f-aeaf-c8de4b3e6b63","block_type":"box","text":"£","page_number":166,"box":{"x":717,"y":368,"width":7,"height":7}},{"id":"647fdb74-dcfe-4dc2-b06e-7599c3f237ac","block_type":"box","text":"Level 3","page_number":166,"box":{"x":796,"y":357,"width":44,"height":7}},{"id":"f6f3fb2c-c59a-40e5-852a-17983faad093","block_type":"box","text":"£","page_number":166,"box":{"x":833,"y":368,"width":7,"height":7}},{"id":"4993ed18-b377-4634-9cd4-47682e89bb31","block_type":"box","text":"Total","page_number":166,"box":{"x":926,"y":357,"width":30,"height":7}},{"id":"884c2575-6458-4926-bd1f-8db69da5d674","block_type":"box","text":"£","page_number":166,"box":{"x":950,"y":368,"width":7,"height":7}},{"id":"8acba1c7-1a59-428c-acb5-34976c8a0cac","block_type":"box","text":"Debt Securities","page_number":166,"box":{"x":45,"y":386,"width":112,"height":9}},{"id":"11c911a6-fea0-4da2-a977-327e9a1c55f1","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":392,"width":9,"height":1}},{"id":"0039f74c-ac1b-4d03-97e6-af256755fd9f","block_type":"box","text":"223,242,415","page_number":166,"box":{"x":631,"y":387,"width":92,"height":10}},{"id":"1adb894c-709b-4537-b12a-b5b5c05dae96","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":392,"width":10,"height":1}},{"id":"d3951c08-1acf-429f-b3e6-923eb3aa2194","block_type":"box","text":"223,242,415","page_number":166,"box":{"x":864,"y":387,"width":92,"height":10}},{"id":"aaabc4d5-c5fd-4f47-850d-ab1c4ee37801","block_type":"box","text":"Forward Currency Contracts","page_number":166,"box":{"x":46,"y":402,"width":208,"height":11}},{"id":"55f6067a-ef1f-474c-b357-c3bffece836c","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":407,"width":9,"height":1}},{"id":"b250d8df-7a48-484a-ab23-af4a7093304c","block_type":"box","text":"63,456","page_number":166,"box":{"x":673,"y":402,"width":50,"height":10}},{"id":"0a4c51a8-4c93-46f6-9058-2b9878484442","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":407,"width":10,"height":1}},{"id":"6e63de06-41bf-4151-844b-0655ac1f177d","block_type":"box","text":"63,456","page_number":166,"box":{"x":906,"y":402,"width":50,"height":10}},{"id":"5370121b-8909-4bef-a35c-669b37b21786","block_type":"box","text":"–","page_number":166,"box":{"x":598,"y":423,"width":9,"height":1}},{"id":"b4492ad3-3923-44db-a1cf-ddf5ad9e430a","block_type":"box","text":"223,305,871","page_number":166,"box":{"x":631,"y":418,"width":90,"height":10}},{"id":"0b492df3-b7eb-4c7c-831a-8c122285cb74","block_type":"box","text":"–","page_number":166,"box":{"x":831,"y":423,"width":10,"height":1}},{"id":"d943285e-b9c4-4021-bdf8-6796a2fbb02f","block_type":"box","text":"223,305,871","page_number":166,"box":{"x":864,"y":418,"width":90,"height":10}},{"id":"ee8fab1c-8c8e-4c03-b6d7-2753719bccc5","block_type":"box","text":"1","page_number":166,"box":{"x":43,"y":461,"width":2,"height":4}},{"id":"6d148ccb-afe7-4ac8-85c2-ebaf080c3990","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":166,"box":{"x":46,"y":461,"width":910,"height":9}},{"id":"485d4f86-a1b0-483b-8016-a49b2da47331","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":166,"box":{"x":42,"y":473,"width":915,"height":9}},{"id":"adcbd127-c356-441c-84e2-956780ae373b","block_type":"box","text":"shareholders.","page_number":166,"box":{"x":42,"y":484,"width":80,"height":7}},{"id":"803f05e1-65ae-4d25-8839-2973e21a3f3e","block_type":"box","text":"Level 1","page_number":166,"box":{"x":43,"y":516,"width":53,"height":8}},{"id":"30dd876f-1f51-4964-9b15-b564e9ba0362","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":166,"box":{"x":42,"y":529,"width":920,"height":11}},{"id":"48ce8395-b5c1-4b33-9a9b-9e0cdf2a229f","block_type":"box","text":"date.","page_number":166,"box":{"x":42,"y":542,"width":36,"height":9}},{"id":"ebe138a1-bb0e-4ed3-baa8-3d71e44029e3","block_type":"box","text":"Level 2","page_number":166,"box":{"x":43,"y":567,"width":55,"height":8}},{"id":"0cbae37b-5790-40a1-8b59-3867b3aea8b3","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":166,"box":{"x":42,"y":580,"width":894,"height":11}},{"id":"68048d84-b328-4c18-88a4-8fd3c05ba06e","block_type":"box","text":"Level 3","page_number":166,"box":{"x":43,"y":605,"width":55,"height":9}},{"id":"8660a9bd-4646-4ea7-bb96-d27dd2de5f70","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":166,"box":{"x":42,"y":618,"width":672,"height":11}},{"id":"f24004ab-41eb-4711-a31a-352f7e41ad44","block_type":"box","text":"166","page_number":167,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"3e532f41-8128-447b-af39-21ab676201cf","block_type":"box","text":"167","page_number":167,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"904fb840-becb-4d1b-b338-7707ec802ad1","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":167,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"569a7703-c213-4a24-b2c9-1697a2f4637a","block_type":"box","text":"Investment Objective and Policy","page_number":167,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"b6b2c737-3c66-47a5-b4de-5a5e43eed258","block_type":"box","text":"Investment Objective","page_number":167,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"e30e67a1-4779-43d6-b673-e18062f0be55","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":167,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"4002c408-75ee-43a1-a85b-c6313be402ed","block_type":"box","text":"investment value and income) over a rolling 5 year period","page_number":167,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"03c1ff64-7e9c-4c87-8e7d-831c8dceceaa","block_type":"box","text":"after deducting fees and costs.","page_number":167,"box":{"x":42,"y":138,"width":227,"height":11}},{"id":"64fecabe-aa00-4a08-9ee8-33341be6f385","block_type":"box","text":"Investment Policy","page_number":167,"box":{"x":43,"y":163,"width":141,"height":11}},{"id":"bccb728e-4509-4ba3-ad7e-646f7bb04750","block_type":"box","text":"Investments","page_number":167,"box":{"x":43,"y":177,"width":89,"height":9}},{"id":"d4ea7c42-c8d7-43f6-beb1-de7f5f372f22","block_type":"box","text":"We invest 40% to 85% of the sub-fund in the shares of","page_number":167,"box":{"x":42,"y":202,"width":450,"height":9}},{"id":"fd180e0c-5839-453a-b148-813d62598d15","block_type":"box","text":"companies from around the world, although this allocation","page_number":167,"box":{"x":42,"y":216,"width":450,"height":12}},{"id":"cb508519-0703-455f-97df-ff6f417625a3","block_type":"box","text":"will most typically be around 60%. We also typically invest","page_number":167,"box":{"x":42,"y":231,"width":450,"height":11}},{"id":"bc06f0ef-d486-44c2-ba35-aecdc96d1f3c","block_type":"box","text":"approximately 30% of the sub-fund in bonds issued by","page_number":167,"box":{"x":42,"y":245,"width":450,"height":11}},{"id":"2a795c86-ce32-4822-b471-b1078fff85fa","block_type":"box","text":"companies, institutions and governments, with the remaining","page_number":167,"box":{"x":42,"y":259,"width":450,"height":11}},{"id":"de363880-21fa-46b6-b891-08536799b0ac","block_type":"box","text":"10% invested in alternatives and cash.","page_number":167,"box":{"x":44,"y":273,"width":283,"height":9}},{"id":"8eb53d8d-c6e3-428a-b7a6-673c195fe13c","block_type":"box","text":"The sub-fund will gain exposure to shares of companies from","page_number":167,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"529f97dd-c8f8-403a-a806-a03326809df9","block_type":"box","text":"around the world directly and indirectly through investment in","page_number":167,"box":{"x":42,"y":313,"width":450,"height":11}},{"id":"a02f2cbd-e3ba-4fb6-a978-62efba592ab3","block_type":"box","text":"collective investment schemes (including exchange traded","page_number":167,"box":{"x":42,"y":327,"width":450,"height":11}},{"id":"97f8c02d-f652-4f33-84d6-beaecb003314","block_type":"box","text":"funds, active funds and index trackers). Bond exposure will","page_number":167,"box":{"x":42,"y":341,"width":450,"height":11}},{"id":"28d9e388-9759-4b03-82cd-9b53b6171ba1","block_type":"box","text":"generally be obtained through direct investment. Exposure to","page_number":167,"box":{"x":42,"y":355,"width":450,"height":12}},{"id":"d946e1f9-29d0-480a-8abd-cbc71c7ffb0b","block_type":"box","text":"alternative investments will generally be obtained indirectly","page_number":167,"box":{"x":42,"y":370,"width":450,"height":11}},{"id":"1fb30d9d-c50f-44f8-a680-40dd4d2517e1","block_type":"box","text":"through investment in collective investment schemes.","page_number":167,"box":{"x":42,"y":384,"width":395,"height":11}},{"id":"c8cfe6ae-a206-4f24-a6a3-d359a59d72b8","block_type":"box","text":"Alternative investments and cash include, but are not limited","page_number":167,"box":{"x":42,"y":409,"width":450,"height":10}},{"id":"a6d85f47-c831-488f-ac38-e4b214da33c6","block_type":"box","text":"to, infrastructure, commodities and private equity/venture","page_number":167,"box":{"x":42,"y":423,"width":450,"height":11}},{"id":"8d26d8a6-1966-4c9b-b13e-b5357174f33f","block_type":"box","text":"capital which may be accessed through listed investment","page_number":167,"box":{"x":42,"y":437,"width":450,"height":12}},{"id":"98f570b0-2cf3-45f8-952a-83a6877a9115","block_type":"box","text":"trusts and open-ended funds or other financial instruments.","page_number":167,"box":{"x":42,"y":452,"width":437,"height":11}},{"id":"53f53f8f-f947-45b6-9153-3860f7cb2e8e","block_type":"box","text":"Exposure to any of the above asset classes may be obtained","page_number":167,"box":{"x":43,"y":476,"width":449,"height":12}},{"id":"35d3d37c-7a2a-485b-bbae-0f4cb6ab77a0","block_type":"box","text":"through investment in funds (including exchange traded,","page_number":167,"box":{"x":42,"y":491,"width":450,"height":11}},{"id":"99adbfd0-5055-4f90-9126-d39e143b84a4","block_type":"box","text":"active funds, index trackers and funds managed by Sarasin).","page_number":167,"box":{"x":42,"y":505,"width":444,"height":11}},{"id":"3b70546a-3b6f-422d-9971-b2fc284a2242","block_type":"box","text":"The sub-fund is actively managed, which means the","page_number":167,"box":{"x":42,"y":530,"width":450,"height":11}},{"id":"c3b887a5-8d60-479f-98b9-20d5847c400f","block_type":"box","text":"Investment Manager decides which investments to buy and","page_number":167,"box":{"x":43,"y":544,"width":449,"height":11}},{"id":"1c7611e9-9dc8-4c1b-9ee3-4b15e1e50db1","block_type":"box","text":"sell and when, and we have the freedom to deviate away","page_number":167,"box":{"x":42,"y":558,"width":450,"height":12}},{"id":"c3a8078c-37d1-4675-946c-9e7b2518e7b6","block_type":"box","text":"from the typical asset mix, albeit some of these investments","page_number":167,"box":{"x":42,"y":573,"width":450,"height":11}},{"id":"166b7389-36e4-40d4-8103-fa7d123afd4a","block_type":"box","text":"may be passively managed (i.e. typically tracking an index","page_number":167,"box":{"x":43,"y":587,"width":449,"height":11}},{"id":"7f697c47-8c78-4433-9980-cf1d372bf4cf","block_type":"box","text":"such as exchange traded funds).","page_number":167,"box":{"x":42,"y":601,"width":242,"height":11}},{"id":"d30dca96-53d3-4855-b1f8-f6d9d5e0753b","block_type":"box","text":"Investment Selection","page_number":167,"box":{"x":43,"y":626,"width":154,"height":9}},{"id":"b7056dbc-c8c1-41fd-ab1f-ea2186aec713","block_type":"box","text":"We have free choice to select companies to invest in from","page_number":167,"box":{"x":42,"y":651,"width":450,"height":11}},{"id":"4f8bc390-ba4d-4def-ada3-2aa7d1f4f343","block_type":"box","text":"any country/region, sector or industry.","page_number":167,"box":{"x":42,"y":665,"width":284,"height":12}},{"id":"228e1ba9-5987-4bfb-93ac-c0f8415a8778","block_type":"box","text":"When investing directly in shares of companies from around","page_number":167,"box":{"x":42,"y":690,"width":444,"height":12}},{"id":"65564f0f-b498-49fa-b285-70ec211e750f","block_type":"box","text":"the world, we identify the long-term investment trends that","page_number":167,"box":{"x":42,"y":705,"width":445,"height":11}},{"id":"db79d056-ab71-4428-982a-1e7e7eb53954","block_type":"box","text":"drive growth and lead to disruption in global economies and","page_number":167,"box":{"x":42,"y":719,"width":444,"height":11}},{"id":"1b52451a-74de-4cc4-a402-7fb7f1f4fffe","block_type":"box","text":"industries. We believe that these themes are likely to result","page_number":167,"box":{"x":43,"y":733,"width":444,"height":11}},{"id":"f113a35e-8090-41a2-8c98-70dd0921f7ef","block_type":"box","text":"in structural consequences for company performance which","page_number":167,"box":{"x":43,"y":747,"width":443,"height":12}},{"id":"bd39ae71-8f03-4396-a283-68c7a6b5b3ca","block_type":"box","text":"will be reflected in their share price. We select companies","page_number":167,"box":{"x":42,"y":762,"width":445,"height":11}},{"id":"7ccab445-12d5-4cf1-ada7-5b84e65755ae","block_type":"box","text":"which are most likely to benefit from our investment themes,","page_number":167,"box":{"x":42,"y":776,"width":444,"height":11}},{"id":"14930068-e46c-4d82-926b-40ac1d62068e","block_type":"box","text":"and are well placed to grow their revenues and cash flows as","page_number":167,"box":{"x":42,"y":790,"width":445,"height":11}},{"id":"a7213da5-9359-407c-accc-15584a2888e3","block_type":"box","text":"a result of them, based on our own analysis.","page_number":167,"box":{"x":42,"y":804,"width":327,"height":12}},{"id":"e8a75993-8132-432a-9d97-5c7eb09e17d8","block_type":"box","text":"Integral to this analysis is the Sarasin Sustainability Impact","page_number":167,"box":{"x":43,"y":829,"width":444,"height":12}},{"id":"ab6fd50f-221d-45ce-b141-ad54148619cd","block_type":"box","text":"Matrix (“SIM”) - an in-house tool devised to examine and","page_number":167,"box":{"x":43,"y":844,"width":449,"height":11}},{"id":"4ee90377-489d-4a70-9dfe-836467d2b6a8","block_type":"box","text":"quantify any material environmental, social and/or governance","page_number":167,"box":{"x":42,"y":858,"width":450,"height":11}},{"id":"3437c6a4-c3db-48af-ab9a-47a5ac4391d2","block_type":"box","text":"(“ESG”) factors. A comprehensive assessment of the related","page_number":167,"box":{"x":43,"y":872,"width":449,"height":11}},{"id":"b71fd8b6-2a10-42a9-b7f4-34405a563d25","block_type":"box","text":"risks and opportunities resulting from these factors that are","page_number":167,"box":{"x":43,"y":886,"width":449,"height":12}},{"id":"300a75ff-a66d-401e-a9c5-e2032d1383ba","block_type":"box","text":"identified through the SIM, are then embedded within our","page_number":167,"box":{"x":43,"y":901,"width":449,"height":11}},{"id":"8bebdcee-22b5-4ecd-a1e1-f9384966c7bd","block_type":"box","text":"financial modelling and analysis of companies.","page_number":167,"box":{"x":42,"y":915,"width":344,"height":11}},{"id":"13b20ede-dda6-417f-a43a-aae1effdfa64","block_type":"box","text":"We undertake fundamental analysis on bond issuers, which","page_number":167,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"28692cb1-9ae4-497a-8383-73f323236f63","block_type":"box","text":"includes an evaluation of risks that ESG factors pose. We","page_number":167,"box":{"x":513,"y":93,"width":449,"height":11}},{"id":"7d9451ce-acea-41fd-b8c7-4132cead0540","block_type":"box","text":"implement an in-house scoring system which combines","page_number":167,"box":{"x":513,"y":108,"width":449,"height":11}},{"id":"f19039c1-1658-404a-8f7e-c87308c0952c","block_type":"box","text":"our assessment of the materiality of ESG risks associated","page_number":167,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"181caa23-164a-485a-9ef6-89f0f34fc949","block_type":"box","text":"with each industry sector with data on each bond issuer to","page_number":167,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"1ba62978-18d1-461c-8aac-aa8ab9dc7dac","block_type":"box","text":"generate an overall issuer-specific ESG rating. All issuers in","page_number":167,"box":{"x":512,"y":150,"width":450,"height":12}},{"id":"24e25864-4543-40ea-9c1d-6c63da302703","block_type":"box","text":"sectors considered to have high ESG risk will be limited in the","page_number":167,"box":{"x":512,"y":165,"width":450,"height":11}},{"id":"f6ca151e-b9c9-40e9-83b3-b123d3bdd950","block_type":"box","text":"overall ESG rating that they can achieve, relative to issuers","page_number":167,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"5fb06626-9c21-45aa-85d8-497e9e6a0bcb","block_type":"box","text":"in sectors with lower ESG risks, but will not necessarily be","page_number":167,"box":{"x":513,"y":193,"width":449,"height":11}},{"id":"49ae400c-628d-4a84-881a-f897af50ef04","block_type":"box","text":"excluded solely on this basis. We will only invest in bonds","page_number":167,"box":{"x":512,"y":208,"width":450,"height":11}},{"id":"e330757a-948b-4ff5-ba62-1d987381885b","block_type":"box","text":"whose issuer has an ESG rating of 3 and above, out of a","page_number":167,"box":{"x":512,"y":222,"width":450,"height":11}},{"id":"54498111-788d-4ada-95c9-f61721c46754","block_type":"box","text":"maximum of 10 on our in-house scoring system.","page_number":167,"box":{"x":513,"y":236,"width":355,"height":11}},{"id":"21088450-145c-4a4c-b8a8-ce91ad3de258","block_type":"box","text":"Stewardship","page_number":167,"box":{"x":513,"y":261,"width":91,"height":11}},{"id":"93d1a4f7-ffe2-47a1-8aa3-af9a4c613b0e","block_type":"box","text":"In keeping with our overall stewardship philosophy, we","page_number":167,"box":{"x":513,"y":286,"width":449,"height":11}},{"id":"bb9f11fd-8c08-427a-bd8c-602baf0872af","block_type":"box","text":"engage, as far as possible, with underlying issuers (both","page_number":167,"box":{"x":512,"y":300,"width":450,"height":11}},{"id":"09a80e72-a56e-44ed-8953-7343157c44e3","block_type":"box","text":"shares and corporate bonds) to promote actions to mitigate","page_number":167,"box":{"x":512,"y":314,"width":450,"height":12}},{"id":"f410f67c-7254-4961-b710-7616c2730eba","block_type":"box","text":"material environmental, social and/or governance risks","page_number":167,"box":{"x":513,"y":329,"width":449,"height":11}},{"id":"8cba93a5-a949-40fd-9e77-be6f06130721","block_type":"box","text":"identified through the SIM or other analysis. Engagements","page_number":167,"box":{"x":513,"y":343,"width":449,"height":11}},{"id":"16e0c963-abf6-46a8-aa5c-36eaa13b5737","block_type":"box","text":"are prioritised according to the materiality of our concern,","page_number":167,"box":{"x":512,"y":357,"width":450,"height":11}},{"id":"bc4a3309-60cb-4494-a35a-1ac9fcf10c7e","block_type":"box","text":"the size of our holding, and also our view of the ability for","page_number":167,"box":{"x":512,"y":371,"width":450,"height":12}},{"id":"e1884df6-b787-499d-9ad3-05b697eccd06","block_type":"box","text":"engagement to have a meaningful impact. Engagements","page_number":167,"box":{"x":512,"y":386,"width":450,"height":11}},{"id":"df75e8a5-e294-40b6-b2de-9411c0e09d75","block_type":"box","text":"are conducted in line with our Ownership Discipline,","page_number":167,"box":{"x":512,"y":400,"width":450,"height":11}},{"id":"1bb4d1e1-ce13-4366-8d1c-e87efd21ad25","block_type":"box","text":"further detail of which can be accessed on our website at","page_number":167,"box":{"x":512,"y":414,"width":450,"height":9}},{"id":"234fd5c4-a83e-49df-b725-0db9c3fc0cdd","block_type":"box","text":"www.sarasinandpartners.com/stewardship.","page_number":167,"box":{"x":512,"y":428,"width":317,"height":12}},{"id":"7c26cca2-c3cf-44b4-bd43-0db4a9eaeb19","block_type":"box","text":"Voting is integral to our engagement work where we","page_number":167,"box":{"x":512,"y":454,"width":450,"height":11}},{"id":"6fe304be-9d45-403b-a2e3-b9c56a48a874","block_type":"box","text":"are a shareholder in a company, and we seek to ensure","page_number":167,"box":{"x":512,"y":468,"width":450,"height":11}},{"id":"51bea6d8-e0ea-4e03-aabc-ea6681ba0135","block_type":"box","text":"votes on routine items are aligned with our engagement","page_number":167,"box":{"x":512,"y":482,"width":450,"height":11}},{"id":"68ea4a7f-0e4e-4316-b6e8-d4cdd0f34edc","block_type":"box","text":"priorities. Our Corporate Governance and Voting Guidelines","page_number":167,"box":{"x":513,"y":496,"width":449,"height":11}},{"id":"6c2865b4-80ee-4756-a651-6bd59fa07973","block_type":"box","text":"are updated annually and published on our website at","page_number":167,"box":{"x":512,"y":511,"width":445,"height":11}},{"id":"84a46cf0-a371-426a-ae57-b9cd6f3bc76c","block_type":"box","text":"www.sarasinandpartners.com/stewardship/how-we-vote-for","page_number":167,"box":{"x":512,"y":525,"width":444,"height":11}},{"id":"40a69812-1ed4-4d2f-892f-845f8647fc81","block_type":"box","text":"you/.","page_number":167,"box":{"x":512,"y":539,"width":35,"height":11}},{"id":"6d1e08fa-42db-4511-b7b3-e9eec8fb94a6","block_type":"box","text":"Finally, we undertake market-level outreach to policy makers,","page_number":167,"box":{"x":513,"y":564,"width":449,"height":11}},{"id":"a672381d-ce7a-453c-833c-9afafca4eeb0","block_type":"box","text":"standard setters or other multilateral or non-governmental","page_number":167,"box":{"x":512,"y":578,"width":450,"height":11}},{"id":"2e12f09f-305e-4252-9deb-be77898853f0","block_type":"box","text":"bodies to support action to tackle market failures that threaten","page_number":167,"box":{"x":513,"y":592,"width":449,"height":11}},{"id":"cdcb987c-0bc6-45fa-ade8-ed3e244881d1","block_type":"box","text":"long-term financial performance for investors.","page_number":167,"box":{"x":513,"y":607,"width":334,"height":11}},{"id":"33f90a51-2645-4671-94bc-6fc893d410ad","block_type":"box","text":"167","page_number":168,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"3e914993-6f6f-4769-b86f-394ec7bb2635","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":168,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"ab9594ad-fe5a-42a9-98fa-2718eb521043","block_type":"box","text":"Restrictions","page_number":168,"box":{"x":43,"y":79,"width":87,"height":9}},{"id":"d2e3d49f-d23a-4f58-952f-f72651749f5c","block_type":"box","text":"We avoid companies that are materially engaged in certain","page_number":168,"box":{"x":42,"y":104,"width":450,"height":11}},{"id":"c02b7853-46a4-4ab2-bb09-a05bc47d68e3","block_type":"box","text":"sectors, including the production of tobacco, alcohol,","page_number":168,"box":{"x":42,"y":118,"width":450,"height":12}},{"id":"b8e83419-2238-4ddd-aaa1-b5745b5319bb","block_type":"box","text":"armaments, gambling, adult entertainment, thermal coal, the","page_number":168,"box":{"x":42,"y":133,"width":450,"height":11}},{"id":"02f12576-34b7-41cb-88fb-5c6b7c13124d","block_type":"box","text":"extraction of fossil fuel from tar sands, oil and gas extraction,","page_number":168,"box":{"x":42,"y":147,"width":450,"height":11}},{"id":"e220f554-166f-44f6-a6ec-4d8471329123","block_type":"box","text":"production and refining, land mines, civilian firearms, nuclear","page_number":168,"box":{"x":43,"y":161,"width":449,"height":11}},{"id":"c75cdae5-3941-4029-be0e-218da686c5bf","block_type":"box","text":"weapons and predatory lending. Further detail on how we","page_number":168,"box":{"x":42,"y":175,"width":450,"height":12}},{"id":"2ec493f4-6b51-4793-8d96-28519c475efe","block_type":"box","text":"do this is available in the Guide to Ethical Exclusions which","page_number":168,"box":{"x":42,"y":190,"width":450,"height":8}},{"id":"f5317b3d-bde6-4329-9d9e-87e40f17fed1","block_type":"box","text":"is available on our website at www.sarasinandpartners.com/","page_number":168,"box":{"x":43,"y":204,"width":444,"height":11}},{"id":"4ed0f6c9-67b0-4aff-8b2f-d5fcf53584ff","block_type":"box","text":"fund/sarasin-responsible-multi-asset.","page_number":168,"box":{"x":42,"y":218,"width":273,"height":11}},{"id":"0f4baaaa-e15c-494b-83f8-574dadfcd63a","block_type":"box","text":"We also avoid companies that we have judged to exhibit","page_number":168,"box":{"x":42,"y":243,"width":450,"height":11}},{"id":"c0a1be6b-c7ce-4ead-8658-448eb2157153","block_type":"box","text":"excessive ESG weaknesses, as reflected in the lowest","page_number":168,"box":{"x":42,"y":257,"width":450,"height":11}},{"id":"faefcbe6-a12d-4481-8e61-8d323a755a9c","block_type":"box","text":"ESG ratings of D and E, on a scale of A (best) to E (worst),","page_number":168,"box":{"x":43,"y":272,"width":449,"height":11}},{"id":"a6cd3a7f-aa5e-4db4-9e1c-ec67f4824610","block_type":"box","text":"which are a measure of a company’s overall ESG risks, and","page_number":168,"box":{"x":42,"y":286,"width":450,"height":11}},{"id":"23711090-8c5b-4dba-aa16-a6feb0776596","block_type":"box","text":"their materiality, allocated following our SIM analysis. The","page_number":168,"box":{"x":42,"y":300,"width":450,"height":11}},{"id":"67fe8541-bac4-410d-ab74-98bdde6a9b12","block_type":"box","text":"investments available to this sub-fund might therefore be","page_number":168,"box":{"x":43,"y":314,"width":449,"height":12}},{"id":"7419873a-9e6f-4d70-93ad-d8b9a1ecc4a0","block_type":"box","text":"more limited than for less constrained funds that do not avoid","page_number":168,"box":{"x":43,"y":329,"width":449,"height":9}},{"id":"522ece5b-81c2-4be9-9b9a-54ae31816da2","block_type":"box","text":"such companies.","page_number":168,"box":{"x":42,"y":343,"width":124,"height":11}},{"id":"fb4f65ea-97cf-46b9-a295-09b3c763fa05","block_type":"box","text":"Additional Techniques","page_number":168,"box":{"x":42,"y":368,"width":164,"height":11}},{"id":"1ffccd00-2095-4f82-9fd6-0fed5dde0de2","block_type":"box","text":"We may only use derivatives to maintain the sub-fund’s value,","page_number":168,"box":{"x":42,"y":393,"width":450,"height":11}},{"id":"37b901b5-a0c0-488f-befc-7ad1a66c8a8a","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":168,"box":{"x":43,"y":407,"width":449,"height":11}},{"id":"d2da2bf8-b815-43db-80d8-541154e516a4","block_type":"box","text":"investments. Derivatives are financial contracts whose value","page_number":168,"box":{"x":43,"y":421,"width":449,"height":9}},{"id":"9caa1aee-b2f8-4951-b4fd-8267d1f74920","block_type":"box","text":"is linked to the price of another asset (e.g. indices, rates,","page_number":168,"box":{"x":43,"y":436,"width":449,"height":11}},{"id":"66252974-e5e0-4253-98b8-5cb9e50e57e1","block_type":"box","text":"share prices, currencies).","page_number":168,"box":{"x":42,"y":450,"width":187,"height":11}},{"id":"e11eb556-c567-4a0d-914f-48e07767de90","block_type":"box","text":"Sustainability Labels","page_number":168,"box":{"x":43,"y":475,"width":152,"height":11}},{"id":"9ceb9c51-1d64-4a39-8105-90f7b259e0c1","block_type":"box","text":"Sustainable labels help investors find products that have a","page_number":168,"box":{"x":43,"y":500,"width":449,"height":11}},{"id":"df4e49f2-054d-4e2c-8bec-e817aa53dd1d","block_type":"box","text":"specific sustainability goal.","page_number":168,"box":{"x":42,"y":514,"width":196,"height":11}},{"id":"ee4ef1f2-488a-47f5-99d7-d125a5e64b16","block_type":"box","text":"Whilst the sub-fund incorporates environmental, social and","page_number":168,"box":{"x":42,"y":539,"width":450,"height":11}},{"id":"e1e4877b-f8a4-43f2-81c4-a5a7316a1696","block_type":"box","text":"governance (ESG) considerations, active ownership and","page_number":168,"box":{"x":42,"y":553,"width":450,"height":11}},{"id":"668796e6-5ee1-4c05-aaeb-8d1a8968ce2e","block_type":"box","text":"policy outreach, it does not have a defined sustainability","page_number":168,"box":{"x":43,"y":567,"width":449,"height":12}},{"id":"6f2e7b5a-7b8e-44d6-8be2-c33419b6887a","block_type":"box","text":"goal or objective, therefore this product does not have a UK","page_number":168,"box":{"x":42,"y":582,"width":450,"height":11}},{"id":"70dc7dc3-175f-45e8-a4a9-5b618557cad0","block_type":"box","text":"sustainability investment label.","page_number":168,"box":{"x":42,"y":596,"width":225,"height":11}},{"id":"73ed984d-7bbe-48c9-a9a6-a9b93997be1f","block_type":"box","text":"Benchmark Information","page_number":168,"box":{"x":43,"y":621,"width":186,"height":9}},{"id":"a2b08e43-1a42-4469-8f7f-7a706070ada4","block_type":"box","text":"The sub-fund’s performance can be assessed by reference","page_number":168,"box":{"x":42,"y":635,"width":450,"height":11}},{"id":"9ec68f4b-4835-4cfc-999e-9b5699760182","block_type":"box","text":"to a blended benchmark of:","page_number":168,"box":{"x":42,"y":649,"width":202,"height":9}},{"id":"3b9a17d9-2b22-401f-b908-e1b35913f17a","block_type":"box","text":"50% MSCI All Countries World Index (Net Total Return)","page_number":168,"box":{"x":43,"y":674,"width":408,"height":12}},{"id":"b0d3551e-9906-40c6-af9a-f8914579d0b6","block_type":"box","text":"10% MSCI All Countries World Index (100% Hedged to GBP)","page_number":168,"box":{"x":44,"y":699,"width":443,"height":12}},{"id":"9ce0fd43-af36-404f-8f41-7c39d4e07c80","block_type":"box","text":"15% ICE BofA Sterling Corporate & Collateralised Index","page_number":168,"box":{"x":44,"y":724,"width":413,"height":11}},{"id":"0baf5970-f25a-4154-a2ef-64fe0c11b838","block_type":"box","text":"15% ICE BofA UK Gilts All Stocks Index","page_number":168,"box":{"x":44,"y":749,"width":294,"height":9}},{"id":"5315c29e-6d4b-4964-a0b6-a3e0129599cc","block_type":"box","text":"5% Sterling Overnight Index Average (SONIA)","page_number":168,"box":{"x":43,"y":774,"width":341,"height":11}},{"id":"8f36269d-c4d8-4ddf-9782-64627e4c29cb","block_type":"box","text":"5% SONIA +2%","page_number":168,"box":{"x":43,"y":799,"width":117,"height":9}},{"id":"a02721b4-6770-46c3-9731-7b07fb161327","block_type":"box","text":"This represents a typical mix of assets held by the sub-fund.","page_number":168,"box":{"x":42,"y":824,"width":444,"height":11}},{"id":"ef112651-b3ed-49d3-98f0-34b8ec94c17e","block_type":"box","text":"Sensitivity Analysis","page_number":168,"box":{"x":512,"y":79,"width":161,"height":11}},{"id":"198f7504-9965-453c-b7c6-a47d53281528","block_type":"box","text":"The sub-fund invests in equities and bonds. The level of","page_number":168,"box":{"x":512,"y":93,"width":450,"height":11}},{"id":"ec16198a-4236-42b8-83cb-7f81c431fa35","block_type":"box","text":"equity exposure varies over time depending on how positive","page_number":168,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"d4ae2354-279b-4855-aebf-5799bfea561e","block_type":"box","text":"the manager is; generally the level is expected to be in the","page_number":168,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"9cc8b67c-cb91-4467-b004-82444df0b259","block_type":"box","text":"range of 50-75%.","page_number":168,"box":{"x":513,"y":136,"width":126,"height":11}},{"id":"3d5d8e1f-d1ff-456d-84ff-2f1563361f5a","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":168,"box":{"x":512,"y":161,"width":450,"height":9}},{"id":"5319383e-fe01-4d3a-9822-ffc52b621934","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":168,"box":{"x":513,"y":175,"width":449,"height":12}},{"id":"3f95e1cb-6ca7-4cbb-a623-8bdd701111e9","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":168,"box":{"x":512,"y":190,"width":450,"height":10}},{"id":"d6deb37a-2321-4fbc-b740-3e0c9d7065de","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":168,"box":{"x":512,"y":204,"width":450,"height":11}},{"id":"6e267844-a2cc-4402-be37-1d5d3f9d845b","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":168,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"546bfec5-8df5-40b7-9166-b82098a5041a","block_type":"box","text":"Carlo simulation methodology.","page_number":168,"box":{"x":512,"y":232,"width":223,"height":12}},{"id":"4cc7f3f1-b821-45dd-b6dd-df63e135bcef","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":168,"box":{"x":512,"y":257,"width":450,"height":12}},{"id":"7bbeaa36-b6fe-40df-9a29-04acf2634d8e","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":168,"box":{"x":513,"y":272,"width":449,"height":11}},{"id":"577b824b-db05-44fe-8727-4eff1f7be92e","block_type":"box","text":"portfolio over a specific timeframe.","page_number":168,"box":{"x":513,"y":286,"width":253,"height":11}},{"id":"834f3f45-11e5-4a8b-86bc-e9991bab1877","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":168,"box":{"x":512,"y":311,"width":450,"height":11}},{"id":"fb5a6c89-63f3-48d5-a76f-966d305574e2","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":168,"box":{"x":512,"y":325,"width":450,"height":11}},{"id":"d09b169c-505a-4fd3-a7e8-b55ddd5847d4","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":168,"box":{"x":513,"y":339,"width":449,"height":12}},{"id":"eda90cc9-538c-46ce-8c0b-7e6dadde00da","block_type":"box","text":"based on the 99th percentile. This is intended to show, with a","page_number":168,"box":{"x":513,"y":354,"width":449,"height":11}},{"id":"55c0eaca-1366-41e4-9fef-93195b795f6f","block_type":"box","text":"99% degree of confidence, the maximum amount that might","page_number":168,"box":{"x":512,"y":368,"width":450,"height":11}},{"id":"23ca7f60-0c6e-45bc-8fcf-fb3bc6055c74","block_type":"box","text":"be lost over a 20-day period.","page_number":168,"box":{"x":513,"y":382,"width":210,"height":11}},{"id":"1d4af832-8b8b-40c6-b4de-fcc4744941de","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Responsible Multi Asset,","page_number":168,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"31a5e9d5-b3ab-402a-8d94-6f4808cafac3","block_type":"box","text":"as at 3 July 2026, was 6.43% (31 December 2025: 5.96%)","page_number":168,"box":{"x":512,"y":421,"width":450,"height":12}},{"id":"f5765d85-8196-4516-8bff-cbeb4fc68f06","block_type":"box","text":"The lowest, highest, and average utilisation in the period was","page_number":168,"box":{"x":512,"y":436,"width":450,"height":11}},{"id":"bf912110-414f-4689-b8c6-7339b36995b9","block_type":"box","text":"4.95%, 6.78%, and 5.87%, respectively (31 December 2025:","page_number":168,"box":{"x":512,"y":450,"width":450,"height":11}},{"id":"434b6f64-aba8-4c55-b657-6884bbda9c81","block_type":"box","text":"4.72%, 6.57% and 5.70%, respectively).","page_number":168,"box":{"x":512,"y":464,"width":296,"height":11}},{"id":"e8e59499-8d8c-44a6-b4dc-5e1f7b4a7a6f","block_type":"box","text":"168","page_number":169,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"0c159ca0-dd03-4dc7-b790-f1c7e9e6c37a","block_type":"box","text":"169","page_number":169,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"295938cb-9df4-41fa-9be3-8049d89c2551","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":169,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"23c34ab2-a1af-42f7-9884-185a0d061482","block_type":"box","text":"Investment Review \r\new","page_number":169,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"416fca90-d59c-48fa-8415-14b75272ba1a","block_type":"box","text":"Investment Review","page_number":169,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"f445f96c-1f60-4e32-a844-d9fa171ca8d3","block_type":"box","text":"Sub-fund Performance","page_number":169,"box":{"x":42,"y":95,"width":180,"height":9}},{"id":"2ca135e2-dad9-4087-b89d-ea56b37e0316","block_type":"box","text":"Cumulative performance","page_number":169,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"19af396a-6d53-4b8e-8c1b-80b2ba52992a","block_type":"box","text":"6mos","page_number":169,"box":{"x":455,"y":122,"width":39,"height":9}},{"id":"1140f161-68c5-405a-8a2d-78f4edafb0dd","block_type":"box","text":"1 yr","page_number":169,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"2456e0c9-23dc-4540-b5ea-db9d43cdc3f6","block_type":"box","text":"3 yrs","page_number":169,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"737cab04-d1a3-4422-9e02-f9b070cfa101","block_type":"box","text":"5 yrs","page_number":169,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"6e860e2c-c084-4f76-adab-5e2174bcc652","block_type":"box","text":"Since","page_number":169,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"7d6d838f-9585-43b2-a8ee-93f8f28cf75a","block_type":"box","text":"Inception","page_number":169,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"c4214ba0-90eb-4ce0-b2b3-8a1c4c709e5f","block_type":"box","text":"01 Jan 26 –","page_number":169,"box":{"x":431,"y":148,"width":92,"height":9}},{"id":"8c86a3c4-db60-44a4-ae54-f75931c7dd51","block_type":"box","text":"03 Jul 26","page_number":169,"box":{"x":441,"y":162,"width":67,"height":9}},{"id":"eeb3fcc0-458b-4789-a488-e4a9b01252e2","block_type":"box","text":"01 Jul 25 –","page_number":169,"box":{"x":541,"y":146,"width":86,"height":9}},{"id":"3122d4e4-082c-4318-b737-2118002fd761","block_type":"box","text":"03 Jul 26","page_number":169,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"eeae090c-2de6-4d8e-b821-fd2afd774b44","block_type":"box","text":"01 Jul 23 –","page_number":169,"box":{"x":647,"y":146,"width":86,"height":9}},{"id":"2e0373a0-058c-4063-b23a-c548acb0fadd","block_type":"box","text":"03 Jul 26","page_number":169,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"125d0400-81a2-4a94-801f-9bacc4f0915e","block_type":"box","text":"01 Jul 21 –","page_number":169,"box":{"x":754,"y":146,"width":86,"height":9}},{"id":"29cb58f2-1ff9-4099-8637-cb05512568d0","block_type":"box","text":"03 Jul 26","page_number":169,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"adb6b9d8-4893-408a-b7af-746c7b2eec7e","block_type":"box","text":"18 Mar 21 –","page_number":169,"box":{"x":859,"y":146,"width":92,"height":9}},{"id":"d2848540-7c8c-4b71-aea7-16c4bfc9f450","block_type":"box","text":"03 Jul 26","page_number":169,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"dbba422d-d669-4c99-98e6-8bdff2e53a4e","block_type":"box","text":"%","page_number":169,"box":{"x":468,"y":180,"width":13,"height":9}},{"id":"67da8272-d203-452d-9eb0-bd407fd5a748","block_type":"box","text":"%","page_number":169,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"de90a396-01bd-478e-a910-b336b8a19407","block_type":"box","text":"%","page_number":169,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"d5f8da18-1657-4568-870b-7534553e6e69","block_type":"box","text":"%","page_number":169,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"a2d8d0b4-47e3-4e90-a436-6c94601532aa","block_type":"box","text":"%","page_number":169,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"08114fb6-9867-432f-8be9-a098c767bc8c","block_type":"box","text":"Fund","page_number":169,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"ac26defe-3401-4e26-bd86-7f50767f70d9","block_type":"box","text":"P Acc (Net)","page_number":169,"box":{"x":308,"y":196,"width":83,"height":11}},{"id":"cb58fd8d-b272-45c5-9d67-daca114cbab7","block_type":"box","text":"4.60","page_number":169,"box":{"x":458,"y":196,"width":32,"height":9}},{"id":"c5afd197-eb2f-4a70-9b07-d62edb6b60e5","block_type":"box","text":"7.70","page_number":169,"box":{"x":566,"y":196,"width":31,"height":9}},{"id":"c24d5ae2-16f5-4228-824a-9fd66d2d1f06","block_type":"box","text":"16.70","page_number":169,"box":{"x":669,"y":196,"width":39,"height":9}},{"id":"cb4e5113-ac7d-468c-bd1d-984203fc1e60","block_type":"box","text":"9.50","page_number":169,"box":{"x":779,"y":196,"width":31,"height":9}},{"id":"45342abd-6e08-4600-84d2-8273114fb969","block_type":"box","text":"15.20","page_number":169,"box":{"x":883,"y":196,"width":39,"height":9}},{"id":"f249ebdb-c96c-4ca3-9a7f-8892cd0e166d","block_type":"box","text":"Comparator","page_number":169,"box":{"x":49,"y":209,"width":88,"height":11}},{"id":"4ad0e4a0-5233-4c58-9f8a-4eca461afb13","block_type":"box","text":"Index","page_number":169,"box":{"x":308,"y":209,"width":40,"height":9}},{"id":"16d01577-a0b9-4586-8c6c-89338adc772d","block_type":"box","text":"7.70","page_number":169,"box":{"x":459,"y":209,"width":31,"height":9}},{"id":"ded18fef-e343-4723-811b-a0aba02c86d1","block_type":"box","text":"17.60","page_number":169,"box":{"x":562,"y":209,"width":39,"height":9}},{"id":"4e09543f-b32c-4aad-af7f-d884305823dd","block_type":"box","text":"43.20","page_number":169,"box":{"x":667,"y":209,"width":41,"height":9}},{"id":"edc12a32-1291-4b4b-995a-0028450bfa9d","block_type":"box","text":"38.90","page_number":169,"box":{"x":774,"y":209,"width":40,"height":9}},{"id":"92b16edd-591d-45be-af7c-fcb9d4a5758b","block_type":"box","text":"47.40","page_number":169,"box":{"x":881,"y":209,"width":41,"height":9}},{"id":"9093bbbe-2493-464a-9774-ba8919d6e763","block_type":"box","text":"Discrete performance","page_number":169,"box":{"x":52,"y":253,"width":171,"height":11}},{"id":"99025e96-42de-44e3-ae38-d3b55966e702","block_type":"box","text":"01 Jul 25 –","page_number":169,"box":{"x":434,"y":253,"width":86,"height":9}},{"id":"a0d1ae28-fd13-4b71-8c79-ca6cc7bb0533","block_type":"box","text":"03 Jul 26","page_number":169,"box":{"x":441,"y":268,"width":67,"height":8}},{"id":"4158540a-6635-4747-b893-eaae782df32e","block_type":"box","text":"01 Jul 24 –","page_number":169,"box":{"x":541,"y":253,"width":86,"height":9}},{"id":"6fd6afec-3782-4200-853d-afc2129163cc","block_type":"box","text":"30 Jun 25","page_number":169,"box":{"x":545,"y":268,"width":72,"height":8}},{"id":"ce33ee07-76fb-452c-9c73-8a73fe6910b7","block_type":"box","text":"01 Jul 23 –","page_number":169,"box":{"x":647,"y":253,"width":86,"height":9}},{"id":"9e080f63-da80-458f-9477-17d3deb375a5","block_type":"box","text":"30 Jun 24","page_number":169,"box":{"x":652,"y":268,"width":72,"height":8}},{"id":"d46ab78f-9125-480d-868f-bc3b6e3073b0","block_type":"box","text":"01 Jul 22 –","page_number":169,"box":{"x":754,"y":253,"width":86,"height":9}},{"id":"81c4b9eb-aaa0-452f-b7b7-d0186c51a66a","block_type":"box","text":"30 Jun 23","page_number":169,"box":{"x":758,"y":268,"width":72,"height":8}},{"id":"e8407842-3055-453d-849d-126c27e18a9c","block_type":"box","text":"01 Jul 21 –","page_number":169,"box":{"x":861,"y":253,"width":86,"height":9}},{"id":"ab4921f5-57a3-4cd2-b8a5-66999fd7b01e","block_type":"box","text":"30 Jun 22","page_number":169,"box":{"x":866,"y":268,"width":72,"height":8}},{"id":"c1326508-ec12-49e9-9886-d9f71d1a199f","block_type":"box","text":"%","page_number":169,"box":{"x":468,"y":287,"width":13,"height":9}},{"id":"d3d54958-0891-445c-82c0-044b75b8e887","block_type":"box","text":"%","page_number":169,"box":{"x":575,"y":290,"width":13,"height":9}},{"id":"a0407476-cb62-40fd-b3dd-1fdd2db54133","block_type":"box","text":"%","page_number":169,"box":{"x":681,"y":290,"width":13,"height":9}},{"id":"c377865f-3fab-4533-b668-9a8d61a93734","block_type":"box","text":"%","page_number":169,"box":{"x":788,"y":290,"width":13,"height":9}},{"id":"61b29cbe-e72d-40de-af7c-caab464ad0a1","block_type":"box","text":"%","page_number":169,"box":{"x":895,"y":290,"width":13,"height":9}},{"id":"2da80237-b33e-4736-a9aa-bd04c7ccf125","block_type":"box","text":"Fund","page_number":169,"box":{"x":50,"y":303,"width":36,"height":9}},{"id":"a916bbdf-712a-4df2-a53b-7c287d5c5f37","block_type":"box","text":"P Acc (Net)","page_number":169,"box":{"x":308,"y":303,"width":83,"height":11}},{"id":"42d4b6f9-4e40-4c5b-b279-224d36a7c48c","block_type":"box","text":"7.70","page_number":169,"box":{"x":459,"y":303,"width":31,"height":9}},{"id":"db0f8d5c-f20e-4415-927a-37c7f190009b","block_type":"box","text":"-0.40","page_number":169,"box":{"x":563,"y":303,"width":36,"height":9}},{"id":"af5e325a-07fa-47fd-86b7-237a9d23e5df","block_type":"box","text":"8.80","page_number":169,"box":{"x":672,"y":303,"width":31,"height":9}},{"id":"af634a38-f6ca-46a1-b65d-0afe2f710011","block_type":"box","text":"-0.70","page_number":169,"box":{"x":776,"y":303,"width":37,"height":9}},{"id":"0cf0cac9-23fe-4144-8633-8dcb5c473b98","block_type":"box","text":"-6.70","page_number":169,"box":{"x":883,"y":303,"width":37,"height":9}},{"id":"9dd8b788-b4d2-4975-8be0-7d29d4233bb9","block_type":"box","text":"Comparator","page_number":169,"box":{"x":49,"y":316,"width":88,"height":12}},{"id":"a6d93889-f10b-484b-8e11-17181fa35d5d","block_type":"box","text":"Index","page_number":169,"box":{"x":308,"y":317,"width":40,"height":8}},{"id":"3dfcd238-a598-47b0-a9d8-8afd33206501","block_type":"box","text":"16.40","page_number":169,"box":{"x":455,"y":317,"width":40,"height":8}},{"id":"4d8bb5a3-aa59-4b33-900a-6bd64eb85a3e","block_type":"box","text":"5.60","page_number":169,"box":{"x":565,"y":317,"width":32,"height":8}},{"id":"045b6b70-67a9-430a-bfb2-245f16333d1f","block_type":"box","text":"11.80","page_number":169,"box":{"x":669,"y":317,"width":38,"height":8}},{"id":"1be546c3-5d96-4236-94c5-a20451f86496","block_type":"box","text":"3.40","page_number":169,"box":{"x":779,"y":316,"width":31,"height":9}},{"id":"fe8b0d4a-34d2-4f17-826a-07c7b39f1152","block_type":"box","text":"-7.20","page_number":169,"box":{"x":883,"y":316,"width":37,"height":9}},{"id":"2cdc4c12-5fc1-4e10-a470-bfbbc8ee93c5","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":169,"box":{"x":43,"y":364,"width":220,"height":5}},{"id":"a8be0a6f-eb20-42c7-b38d-f8bc10617cc4","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":169,"box":{"x":43,"y":383,"width":444,"height":6}},{"id":"116e1e24-1ffd-4705-b284-47ba9b4e8e58","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":169,"box":{"x":42,"y":391,"width":445,"height":7}},{"id":"fdd8ff24-5851-4b77-9daa-50a40087a2b1","block_type":"box","text":"reinvested.","page_number":169,"box":{"x":42,"y":400,"width":48,"height":5}},{"id":"f77d8efe-bc62-44ed-98c0-87a1966f47b6","block_type":"box","text":"Class P (Acc) has been used as the representative share class in the table above, which launched","page_number":169,"box":{"x":42,"y":419,"width":445,"height":7}},{"id":"282d6c2d-ad15-47fd-a85a-c0649a6130e6","block_type":"box","text":"on 18 March 2021.","page_number":169,"box":{"x":42,"y":428,"width":83,"height":5}},{"id":"223786c5-5339-4463-bd00-89d1a2cd1cf6","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":169,"box":{"x":43,"y":447,"width":444,"height":7}},{"id":"e5d41c10-03c3-418b-864d-77c3e3f4900c","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":169,"box":{"x":42,"y":455,"width":116,"height":7}},{"id":"eac11a80-935c-42e3-a89f-15a746b6e186","block_type":"box","text":"Performance","page_number":169,"box":{"x":43,"y":477,"width":101,"height":9}},{"id":"1587a846-afd7-4188-83bd-71a60599ffe3","block_type":"box","text":"The sub-fund returned 4.60% (net of charges) for the period","page_number":169,"box":{"x":42,"y":491,"width":450,"height":11}},{"id":"889e63ba-6e30-4c8f-9787-f4bfd02ff591","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 7.70% for the","page_number":169,"box":{"x":42,"y":505,"width":450,"height":12}},{"id":"6e0363ee-d235-4a30-b960-aa6d0a630161","block_type":"box","text":"comparator benchmark. The performance of the sub-fund","page_number":169,"box":{"x":42,"y":520,"width":450,"height":11}},{"id":"c42557f4-62d1-44e2-bde4-db716b3fda0d","block_type":"box","text":"compared to the benchmark has again been challenging.","page_number":169,"box":{"x":42,"y":534,"width":450,"height":11}},{"id":"1ea41d52-dc95-4a65-996c-386e0b17d8ba","block_type":"box","text":"In particular, the extraordinary moves by the semiconductor","page_number":169,"box":{"x":43,"y":548,"width":449,"height":11}},{"id":"63026c2c-3a61-49ab-ab3d-feac37237a59","block_type":"box","text":"and memory stocks within the world equity index have been","page_number":169,"box":{"x":42,"y":563,"width":450,"height":11}},{"id":"b4f11a9a-1d7c-4113-8f98-a5670e818890","block_type":"box","text":"extremely hard to match. Yes, the sub-fund has exposure to","page_number":169,"box":{"x":42,"y":577,"width":450,"height":11}},{"id":"5216d7ad-cdec-409d-8e1c-c3747e028a92","block_type":"box","text":"these sectors in the US and Asia, but not at market weights.","page_number":169,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"b11d978f-4295-40a3-9bd3-53984dd9acc5","block_type":"box","text":"More generally, the accelerating AI boom has created one","page_number":169,"box":{"x":43,"y":605,"width":449,"height":11}},{"id":"deb91780-df2c-41f0-b314-ec7287a2b5cf","block_type":"box","text":"of the most powerful momentum-led rallies in recent years,","page_number":169,"box":{"x":42,"y":619,"width":450,"height":12}},{"id":"3112f0cc-2706-4442-a358-070f9263ac53","block_type":"box","text":"and those diversifying into ‘quality’ or more defensive","page_number":169,"box":{"x":42,"y":634,"width":450,"height":11}},{"id":"9c157793-a66e-4ed1-a9c4-42b6df5ee801","block_type":"box","text":"equity holdings have inevitably underperformed. We are","page_number":169,"box":{"x":42,"y":648,"width":450,"height":11}},{"id":"e289c344-c826-4459-bc9c-60b87d4d7f4e","block_type":"box","text":"no exception, given that our thematic stocks typically tend","page_number":169,"box":{"x":43,"y":662,"width":449,"height":11}},{"id":"389a20b8-8402-4344-9014-27ea92692a9e","block_type":"box","text":"to show higher returns on equity, lower financial leverage,","page_number":169,"box":{"x":42,"y":676,"width":450,"height":12}},{"id":"934847c1-6315-4d0f-9bf0-435d04a41d4b","block_type":"box","text":"and more stable earnings growth, which have often been","page_number":169,"box":{"x":42,"y":691,"width":444,"height":11}},{"id":"0c0fdc27-670b-40d2-8649-d45935cdb5c4","block_type":"box","text":"overlooked in the recent market rally. There are signs that","page_number":169,"box":{"x":42,"y":705,"width":445,"height":11}},{"id":"01c318b7-8d0f-46f6-b686-71697ba19259","block_type":"box","text":"market leadership may be broadening beyond a narrow","page_number":169,"box":{"x":43,"y":719,"width":444,"height":11}},{"id":"a32cb4d2-1dfe-4684-8493-ac92d2aad9a4","block_type":"box","text":"group of AI winners, which would be beneficial for our","page_number":169,"box":{"x":42,"y":733,"width":446,"height":12}},{"id":"3fdf8f4d-59ea-44da-bd0e-d153bbda2906","block_type":"box","text":"thematic equity approach.","page_number":169,"box":{"x":42,"y":748,"width":191,"height":11}},{"id":"489b4155-0d72-4825-8664-44b40d478fb4","block_type":"box","text":"Review","page_number":169,"box":{"x":43,"y":773,"width":57,"height":9}},{"id":"3cbc2926-c62b-4fdb-9601-030220033a79","block_type":"box","text":"A combination of factors shaped investor sentiment over","page_number":169,"box":{"x":42,"y":787,"width":446,"height":11}},{"id":"68eff7e3-24f0-47e0-951b-609f061a5984","block_type":"box","text":"the first half of 2026. These included the impact of the","page_number":169,"box":{"x":42,"y":801,"width":445,"height":11}},{"id":"8a026033-62da-4d65-af2c-8ac5528f77b5","block_type":"box","text":"US-Iran conflict, which initially caused uncertainty and led","page_number":169,"box":{"x":43,"y":815,"width":443,"height":12}},{"id":"e07dcb88-bb3d-4c2a-a87f-3a8491386683","block_type":"box","text":"to the closure of the Strait of Hormuz, but appeared to be","page_number":169,"box":{"x":42,"y":830,"width":445,"height":11}},{"id":"b9f0549e-871a-4260-b7cb-aa34431ef099","block_type":"box","text":"de-escalating as the period progressed. The more optimistic","page_number":169,"box":{"x":42,"y":844,"width":450,"height":11}},{"id":"bf13ecc5-6710-4ed5-93b9-724a3361128c","block_type":"box","text":"outlook gradually encouraged investors to favour riskier","page_number":169,"box":{"x":42,"y":858,"width":450,"height":11}},{"id":"1eb27dcc-c8bf-4367-9ab5-28e837ecbb36","block_type":"box","text":"assets such as shares.","page_number":169,"box":{"x":42,"y":873,"width":175,"height":8}},{"id":"1138e0a9-08b8-442a-a9eb-1c55de0a006e","block_type":"box","text":"Oil prices fell sharply as the conflict looked to be closer to","page_number":169,"box":{"x":512,"y":366,"width":450,"height":11}},{"id":"34eca46c-9416-4a2c-bd3c-58ce1796e59b","block_type":"box","text":"a resolution, and the easing of energy concerns allowed","page_number":169,"box":{"x":512,"y":380,"width":450,"height":11}},{"id":"31a7642b-ae56-4ac5-a4b9-4e4da6801402","block_type":"box","text":"markets to refocus on Artificial Intelligence (AI), which helped","page_number":169,"box":{"x":513,"y":394,"width":449,"height":11}},{"id":"acd575a9-8fb8-4a17-ba13-57d6a3718ff6","block_type":"box","text":"to push technology stocks higher. Further boosts came from","page_number":169,"box":{"x":512,"y":408,"width":450,"height":12}},{"id":"4787a43f-5308-4b38-9ce4-4416dda7974e","block_type":"box","text":"companies raising their spending plans for the year and","page_number":169,"box":{"x":512,"y":423,"width":450,"height":11}},{"id":"3d572c2e-c4d6-4ecd-a3d8-87784c2cc087","block_type":"box","text":"upgraded global earnings forecasts.","page_number":169,"box":{"x":513,"y":437,"width":270,"height":11}},{"id":"a662b9d0-eb98-4912-950c-87ad00c8d40c","block_type":"box","text":"Emerging markets were among the strongest performers","page_number":169,"box":{"x":513,"y":462,"width":449,"height":11}},{"id":"d2cd4224-e11c-4f32-b7ff-bc00aa95a8cf","block_type":"box","text":"during the period, driven by the heavy weighting of","page_number":169,"box":{"x":512,"y":476,"width":450,"height":11}},{"id":"003bf8a9-56d3-4490-918c-391ec661434e","block_type":"box","text":"semiconductor and IT hardware companies in the index.","page_number":169,"box":{"x":512,"y":491,"width":415,"height":11}},{"id":"5b724d2d-0271-4784-9030-a9dc8e169bfb","block_type":"box","text":"Global government bonds were generally weaker earlier in","page_number":169,"box":{"x":512,"y":515,"width":450,"height":12}},{"id":"c9be07b4-6835-4c0b-ac4d-47e8b27811f2","block_type":"box","text":"the period as the spike in energy prices caused renewed","page_number":169,"box":{"x":512,"y":530,"width":450,"height":11}},{"id":"e8e4e673-9429-40c0-8ede-1d152dc974f9","block_type":"box","text":"concerns over inflation, especially in the UK, which was seen","page_number":169,"box":{"x":512,"y":544,"width":450,"height":11}},{"id":"43cf5ae3-bce1-47ef-abe8-6dc93cc8958c","block_type":"box","text":"as particularly exposed to higher fuel prices. However, UK","page_number":169,"box":{"x":512,"y":558,"width":450,"height":11}},{"id":"12043fb5-773d-4a94-abc9-f620b8e8adb4","block_type":"box","text":"Gilts recovered later in the period as softer-than-expected","page_number":169,"box":{"x":512,"y":572,"width":450,"height":11}},{"id":"1f148e19-8ddb-4108-8f04-5671c79252d7","block_type":"box","text":"inflation reduced the likelihood of interest-rate rises.","page_number":169,"box":{"x":513,"y":587,"width":381,"height":9}},{"id":"975e2333-c199-4adf-8060-b4a30db0dc39","block_type":"box","text":"After a sharp rise in oil and gas prices at the start of the","page_number":169,"box":{"x":512,"y":612,"width":450,"height":11}},{"id":"4f895ff8-416c-42b3-a264-d1ceeee54b57","block_type":"box","text":"conflict, commodities declined later in the period. Gold","page_number":169,"box":{"x":512,"y":626,"width":450,"height":11}},{"id":"81779714-17c1-4847-a34f-96285564ce67","block_type":"box","text":"and precious metals also fell in value as the US dollar","page_number":169,"box":{"x":512,"y":640,"width":450,"height":11}},{"id":"48abe206-4f33-45ab-956e-708b3dc77561","block_type":"box","text":"strengthened and expectations of higher US interest rates","page_number":169,"box":{"x":512,"y":654,"width":450,"height":12}},{"id":"a9c505cf-a915-419f-9853-f1cbe1899d02","block_type":"box","text":"grew. However, industrial metals rose on demand tied to","page_number":169,"box":{"x":512,"y":669,"width":450,"height":11}},{"id":"ee14699b-2ce3-43ec-9324-99b26eff6c1f","block_type":"box","text":"technology and infrastructure investment.","page_number":169,"box":{"x":512,"y":683,"width":305,"height":11}},{"id":"cf4e0828-7407-4997-90df-cd1a0f26084d","block_type":"box","text":"Positives","page_number":169,"box":{"x":513,"y":708,"width":72,"height":9}},{"id":"55ce4782-3123-4772-aa89-37b15a589410","block_type":"box","text":"Among the sub-fund’s holdings, ASML Holding, a leading","page_number":169,"box":{"x":512,"y":722,"width":444,"height":11}},{"id":"6ca99bf9-fd31-4f5c-917c-6389efd403b2","block_type":"box","text":"manufacturer of semiconductor production equipment,","page_number":169,"box":{"x":513,"y":736,"width":443,"height":11}},{"id":"9df08980-1002-4d86-8370-e66aab31ae45","block_type":"box","text":"delivered strong performance throughout the period. This","page_number":169,"box":{"x":512,"y":751,"width":445,"height":11}},{"id":"0af58468-84c3-4747-8a56-5d01e791ad94","block_type":"box","text":"was driven by record-breaking new orders, profit margins","page_number":169,"box":{"x":512,"y":765,"width":445,"height":11}},{"id":"8409b5ec-bb5d-45db-8aff-6a3c92a647d2","block_type":"box","text":"that were at the upper end of expectations and an increase","page_number":169,"box":{"x":512,"y":779,"width":444,"height":11}},{"id":"23b816f7-111a-4ce2-81c4-b58626cadd22","block_type":"box","text":"in projected revenues for the full year.","page_number":169,"box":{"x":513,"y":793,"width":277,"height":12}},{"id":"e3e2114a-9962-4502-8700-952b5edf506b","block_type":"box","text":"The shares of consumer products company","page_number":169,"box":{"x":512,"y":818,"width":445,"height":12}},{"id":"9116c6b6-4cab-409c-9c49-709cdb9446a6","block_type":"box","text":"Colgate-Palmolive performed well as the company","page_number":169,"box":{"x":512,"y":833,"width":445,"height":11}},{"id":"f2527766-fee1-476c-9960-fb3ffce685eb","block_type":"box","text":"maintained its upward momentum. This was largely a result of","page_number":169,"box":{"x":513,"y":847,"width":449,"height":11}},{"id":"ad1a40ae-fcf1-4f97-a1f6-2c3416b39fc1","block_type":"box","text":"better-than-expected results for the final quarter of 2025 and","page_number":169,"box":{"x":513,"y":861,"width":449,"height":11}},{"id":"b2e5b278-18d6-49d3-ab1d-5568d1fffcb3","block_type":"box","text":"a strategy aimed at maintaining growth over the next five","page_number":169,"box":{"x":512,"y":875,"width":450,"height":12}},{"id":"0f057be0-3fe7-4343-9d92-ddf7fd778441","block_type":"box","text":"years.","page_number":169,"box":{"x":512,"y":892,"width":44,"height":9}},{"id":"78a04a76-0c1f-4212-bef4-08af674df65e","block_type":"box","text":"169","page_number":170,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"e89b5f26-f317-4abb-a4c1-0a991e1cccf3","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":170,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"54ca1fc5-4356-4638-8e1b-18a2a164d260","block_type":"box","text":"Positives (continued)","page_number":170,"box":{"x":43,"y":95,"width":168,"height":11}},{"id":"ff3026d5-36f9-4f3b-8007-8252e5c006de","block_type":"box","text":"The holding in Citigroup also proved favourable for returns","page_number":170,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"271c5802-2e35-4b3e-8c77-66e9dd9f04b9","block_type":"box","text":"as the firm’s restructuring plan started to pay off. There was","page_number":170,"box":{"x":42,"y":124,"width":450,"height":11}},{"id":"e6b4f5e9-05d1-418b-a368-6cf79f1982ed","block_type":"box","text":"also a positive contribution from Schiehallion Fund, which","page_number":170,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"7bb2e2ed-64d2-4de0-9e98-f4c965177fe4","block_type":"box","text":"invests in private companies.","page_number":170,"box":{"x":43,"y":152,"width":213,"height":11}},{"id":"61ec9ac5-9f9f-4c68-bedb-9bce93b972ba","block_type":"box","text":"Negatives","page_number":170,"box":{"x":43,"y":177,"width":77,"height":11}},{"id":"bfd1e8f6-5859-47ad-9da0-c131a7d2dd97","block_type":"box","text":"CME Group, a leading derivatives marketplace which","page_number":170,"box":{"x":43,"y":191,"width":449,"height":12}},{"id":"545c64be-92b1-4d54-a8ca-7881c73931c7","block_type":"box","text":"enables clients to trade futures and options, was among","page_number":170,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"d09c7cad-4689-4c0d-ac1d-b27cd1ffaab2","block_type":"box","text":"the weaker performers. The company’s revenues are tied","page_number":170,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"c7ccdc14-d1ba-4b66-bfac-9b3ab7d0c9bf","block_type":"box","text":"to trading volumes. Having seen higher levels when the","page_number":170,"box":{"x":42,"y":234,"width":450,"height":11}},{"id":"a01f2085-6e61-4e28-9aea-68251d934279","block_type":"box","text":"US-Iran conflict was most acute, volumes cooled as the","page_number":170,"box":{"x":43,"y":248,"width":449,"height":11}},{"id":"9692c013-454c-478e-9e13-2c68db396def","block_type":"box","text":"period progressed. Investors also grew more concerned","page_number":170,"box":{"x":43,"y":263,"width":449,"height":11}},{"id":"85180a16-8d3a-4035-9625-6c7324a4e5a4","block_type":"box","text":"about the competitive threat posed by other products which","page_number":170,"box":{"x":42,"y":277,"width":450,"height":11}},{"id":"fbe94ee0-71bd-44d2-8db1-04d64a91acab","block_type":"box","text":"offer greater flexibility.","page_number":170,"box":{"x":42,"y":291,"width":161,"height":11}},{"id":"3006b2d7-a66e-4d61-812e-25b4342143c8","block_type":"box","text":"Shares of ServiceNow, a software specialist, were weaker","page_number":170,"box":{"x":43,"y":316,"width":449,"height":11}},{"id":"ddae9876-0863-4038-8fbe-2c64637b8c44","block_type":"box","text":"after the company announced its fourth-quarter 2025 results.","page_number":170,"box":{"x":42,"y":330,"width":450,"height":12}},{"id":"b1781fc7-333d-4b0f-bb70-7ad605965656","block_type":"box","text":"The weakness was despite performance that was better than","page_number":170,"box":{"x":42,"y":345,"width":450,"height":11}},{"id":"ba51b345-051c-4763-9530-b989ab2bd314","block_type":"box","text":"expectations and full-year 2026 guidance which came in","page_number":170,"box":{"x":42,"y":359,"width":450,"height":11}},{"id":"7e58445c-0f66-40cc-b3b9-5d760ece7e7e","block_type":"box","text":"ahead of consensus.","page_number":170,"box":{"x":42,"y":373,"width":153,"height":9}},{"id":"023fced9-8f6f-486c-bef9-8e93266b5a5a","block_type":"box","text":"Our holding in Netflix, the subscription streaming service,","page_number":170,"box":{"x":43,"y":398,"width":449,"height":11}},{"id":"46ed3f71-871c-4055-9514-92e4f59f0e24","block_type":"box","text":"detracted despite the release of results that were ahead of","page_number":170,"box":{"x":42,"y":412,"width":450,"height":11}},{"id":"f47f7e98-9932-4694-8b98-8eabea5206e2","block_type":"box","text":"expectations. Investors focused instead on a disappointing","page_number":170,"box":{"x":42,"y":427,"width":450,"height":11}},{"id":"977a25f5-fb7d-4936-9151-20daca75f112","block_type":"box","text":"outlook for revenue and operating income, plus unchanged","page_number":170,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"1f36cd5a-0e48-4da3-8983-34ebf471d573","block_type":"box","text":"full-year revenue guidance. The latter frustrated investors","page_number":170,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"5ec39f2e-d970-4522-a0f5-3f147ec4ebb1","block_type":"box","text":"hoping that a price increase for US subscribers would lift","page_number":170,"box":{"x":43,"y":469,"width":449,"height":12}},{"id":"50775e68-740d-4568-809e-7cfa0fdb24ad","block_type":"box","text":"the overall outlook. The company also announced that","page_number":170,"box":{"x":42,"y":484,"width":450,"height":11}},{"id":"7e9f038b-315f-443d-ac92-957a8b9c3d45","block_type":"box","text":"co-founder Reed Hastings would not stand for re-election","page_number":170,"box":{"x":42,"y":498,"width":450,"height":11}},{"id":"7314d733-21ae-434b-bc9f-e5fc17916859","block_type":"box","text":"to the board; he subsequently stepped down at the annual","page_number":170,"box":{"x":42,"y":512,"width":450,"height":11}},{"id":"5709ec26-c06e-4cdf-9032-5487cede892c","block_type":"box","text":"meeting in June.","page_number":170,"box":{"x":43,"y":527,"width":121,"height":11}},{"id":"cb8309fe-baab-4727-997f-a172983f4731","block_type":"box","text":"Transactions","page_number":170,"box":{"x":42,"y":552,"width":103,"height":8}},{"id":"e318ce4e-233b-4d01-9119-20a8821c120a","block_type":"box","text":"We invested in a basket of emerging market local government","page_number":170,"box":{"x":42,"y":566,"width":450,"height":11}},{"id":"504a2c15-e220-4970-bc43-d1a6d0f00f13","block_type":"box","text":"bonds. We feel that over the next three to five years Asian","page_number":170,"box":{"x":43,"y":580,"width":449,"height":11}},{"id":"272e4b7e-5470-4eba-b639-47881acf00a5","block_type":"box","text":"currencies will appreciate relative to the US dollar. This","page_number":170,"box":{"x":42,"y":594,"width":450,"height":11}},{"id":"9985bdf9-a9cb-4e8c-bbfb-c7d41fa1d139","block_type":"box","text":"holding gives portfolios diversified exposure to emerging","page_number":170,"box":{"x":43,"y":608,"width":449,"height":12}},{"id":"f22799dd-450d-444d-b7a5-df699b68a47c","block_type":"box","text":"market currencies through local government bonds.","page_number":170,"box":{"x":43,"y":623,"width":380,"height":11}},{"id":"e10dcbd9-9b3a-4f3a-bcf4-d5655527d975","block_type":"box","text":"Another new position was in an industrial metals ETF","page_number":170,"box":{"x":42,"y":648,"width":450,"height":11}},{"id":"6436ca43-77bf-463c-9537-cf0b21d35d90","block_type":"box","text":"(exchange-traded fund). We think this sector could be a","page_number":170,"box":{"x":43,"y":662,"width":449,"height":11}},{"id":"ab95076d-442e-4a11-be56-da67e7d34707","block_type":"box","text":"beneficiary of entering a multi-year physical investment boom","page_number":170,"box":{"x":43,"y":676,"width":449,"height":11}},{"id":"f21b75fc-8d2b-4b67-b516-1de5b2de6689","block_type":"box","text":"led by the demand for AI and electrification, the reshoring of","page_number":170,"box":{"x":43,"y":690,"width":445,"height":12}},{"id":"20f464cd-edba-49d3-8295-87d7523ade9f","block_type":"box","text":"domestic supply chains and rising defence spending.","page_number":170,"box":{"x":42,"y":705,"width":391,"height":11}},{"id":"b2e20e5d-d212-4577-90f0-7bb1b34e3a62","block_type":"box","text":"We also established a holding in Citigroup, a global bank","page_number":170,"box":{"x":42,"y":730,"width":445,"height":11}},{"id":"5f7b5b39-0baf-4311-adf4-81aa52b8eea5","block_type":"box","text":"which is reaching the end of a multi-year restructuring plan.","page_number":170,"box":{"x":42,"y":744,"width":444,"height":11}},{"id":"87c50618-8ca6-4c55-9662-952eb74fbfa5","block_type":"box","text":"The firm now has a greater focus on growth. We see signs","page_number":170,"box":{"x":42,"y":758,"width":445,"height":11}},{"id":"f3ef6011-fd7a-4353-9378-c096e30d336e","block_type":"box","text":"of progress towards this goal, and valuations are supportive,","page_number":170,"box":{"x":42,"y":772,"width":444,"height":12}},{"id":"da84f112-fe30-4ab0-8347-eb9701b4747d","block_type":"box","text":"making it one of the cheaper financial stocks in the US. This","page_number":170,"box":{"x":43,"y":787,"width":444,"height":11}},{"id":"e2563054-f565-49af-9d0d-1cccbf7e55ee","block_type":"box","text":"was funded by reducing the position in JP Morgan Chase","page_number":170,"box":{"x":42,"y":801,"width":445,"height":11}},{"id":"7d43556b-e31b-46ff-add1-d90bfe27f32d","block_type":"box","text":"& Company, as we believed its valuation had become less","page_number":170,"box":{"x":43,"y":815,"width":444,"height":11}},{"id":"e3e5a4cd-bbea-4385-80a3-d831d9b58869","block_type":"box","text":"attractive.","page_number":170,"box":{"x":42,"y":830,"width":71,"height":8}},{"id":"f6bcbf64-f10d-4cad-bca9-8ae5d7fb0ece","block_type":"box","text":"Alongside the complete sale of Givaudan, which had become","page_number":170,"box":{"x":42,"y":854,"width":450,"height":12}},{"id":"cc13af41-2a35-4e27-a7c8-39870d063a57","block_type":"box","text":"less attractive, we trimmed exposure to gold in order to lock","page_number":170,"box":{"x":43,"y":869,"width":449,"height":11}},{"id":"dbb81c19-f19e-4c6d-9b52-b5fa0e9b8d80","block_type":"box","text":"in profits on our previously long-held overweight position.","page_number":170,"box":{"x":43,"y":883,"width":420,"height":11}},{"id":"2c3029cf-e1fe-45ec-8c65-fd322d245bf7","block_type":"box","text":"We also reduced the position in Microsoft. There were","page_number":170,"box":{"x":42,"y":908,"width":450,"height":11}},{"id":"a664bc61-02d1-4e93-809d-1acf3c50e095","block_type":"box","text":"concerns about the software firm’s higher spending on AI","page_number":170,"box":{"x":42,"y":922,"width":444,"height":11}},{"id":"c8124ff2-e993-4af8-a2a4-08f93ff8ba19","block_type":"box","text":"and its high exposure to OpenAI.","page_number":170,"box":{"x":42,"y":936,"width":243,"height":12}},{"id":"4e8979f9-0242-4b2e-999c-0d8ef186a233","block_type":"box","text":"Outlook","page_number":170,"box":{"x":512,"y":79,"width":63,"height":9}},{"id":"53c9bc64-7fd6-4b51-958d-b83457063599","block_type":"box","text":"Global equity markets had been supported by easing oil","page_number":170,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"908341af-071a-43c5-95bf-55f2ea2db5fd","block_type":"box","text":"supply concerns and major stock market listings by large","page_number":170,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"e2ab90db-c792-4eff-8957-6b59bafd1158","block_type":"box","text":"technology companies, and investor confidence was","page_number":170,"box":{"x":512,"y":122,"width":450,"height":11}},{"id":"a4bd00ea-fe4d-4487-9962-5b792863e49d","block_type":"box","text":"returning. However, as we enter the second half of the","page_number":170,"box":{"x":513,"y":136,"width":449,"height":11}},{"id":"093b4635-354b-49a2-9b10-47959e36be6d","block_type":"box","text":"period, a renewed flare up in conflict between the US and","page_number":170,"box":{"x":513,"y":150,"width":449,"height":12}},{"id":"23b4d330-005b-4e80-a9cb-8706f010f08d","block_type":"box","text":"Iran brings fresh uncertainty and we will be keeping a close","page_number":170,"box":{"x":513,"y":165,"width":449,"height":11}},{"id":"e5b5278e-de13-475f-998f-c7c5404653e6","block_type":"box","text":"eye on the wider consequences.","page_number":170,"box":{"x":512,"y":179,"width":239,"height":11}},{"id":"e2c2a912-fcea-4907-a13b-02645c6dbc0c","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":170,"box":{"x":512,"y":204,"width":450,"height":11}},{"id":"aa1adf3e-c413-448d-b8d6-0391fe5dd0e0","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":170,"box":{"x":513,"y":218,"width":449,"height":11}},{"id":"cf4713bc-239d-4684-b20d-5ad808cd4e1b","block_type":"box","text":"offering), with Anthropic expected to follow later this year, and","page_number":170,"box":{"x":512,"y":232,"width":450,"height":12}},{"id":"a51f5b1c-c501-4caa-985f-67cf84bfa4ca","block_type":"box","text":"OpenAI potentially waiting until 2027. However, questions","page_number":170,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"47a644ee-e1ae-4b5e-8dcb-161ab7e6693d","block_type":"box","text":"remain about the future valuations of these companies and","page_number":170,"box":{"x":513,"y":261,"width":449,"height":11}},{"id":"529ea37b-a476-4b62-989e-d46b95f5b7cf","block_type":"box","text":"whether markets can absorb the new supply of shares. More","page_number":170,"box":{"x":512,"y":275,"width":450,"height":11}},{"id":"1b445b5c-e7fe-4b7c-88df-5c43204eebd2","block_type":"box","text":"broadly, equity markets are being supported by potential","page_number":170,"box":{"x":513,"y":290,"width":449,"height":11}},{"id":"f70d3761-6161-433b-a23f-b968a1493329","block_type":"box","text":"long-term AI-linked productivity gains and AI-driven demand","page_number":170,"box":{"x":513,"y":304,"width":449,"height":11}},{"id":"9fc7022d-64c5-4824-882c-82c9be455a9c","block_type":"box","text":"for new data centres.","page_number":170,"box":{"x":512,"y":318,"width":155,"height":9}},{"id":"414cc0af-6a66-47ce-86ad-10fd4b952439","block_type":"box","text":"We continue to hold a neutral position in UK government","page_number":170,"box":{"x":512,"y":343,"width":450,"height":11}},{"id":"a10d7d35-de4d-4a0c-9a82-905d270eec89","block_type":"box","text":"bonds, with higher yields meaning that they are starting to","page_number":170,"box":{"x":513,"y":357,"width":449,"height":11}},{"id":"e0eba063-04d6-487e-b919-335594a2c866","block_type":"box","text":"price in the fiscal deficit. We remain underweight corporate","page_number":170,"box":{"x":513,"y":371,"width":449,"height":12}},{"id":"02124e5b-c255-49d7-bfd1-823de09688f2","block_type":"box","text":"bonds as we believe that the asset class does not currently","page_number":170,"box":{"x":513,"y":386,"width":449,"height":11}},{"id":"e5026b35-0146-4e35-b0af-796f1c600df4","block_type":"box","text":"offer strong returns or adequate diversification compared","page_number":170,"box":{"x":512,"y":400,"width":450,"height":11}},{"id":"9927e90f-8594-49af-812c-ce8ce4909f11","block_type":"box","text":"to its history. Our stance on alternative assets is neutral.","page_number":170,"box":{"x":512,"y":414,"width":450,"height":11}},{"id":"489a5e34-a233-4de1-bc3d-7f513d895199","block_type":"box","text":"This includes gold, where we have locked in profits on our","page_number":170,"box":{"x":512,"y":428,"width":450,"height":12}},{"id":"8a168ee0-0eb5-4145-ba9e-bd8e55d7c235","block_type":"box","text":"long-held overweight position.","page_number":170,"box":{"x":513,"y":443,"width":219,"height":11}},{"id":"0a6c0928-805b-4d66-ac3d-6e88760e86e9","block_type":"box","text":"Phil Collins","page_number":170,"box":{"x":513,"y":518,"width":81,"height":8}},{"id":"8972d98f-52d2-41f1-a4b2-92e374901f57","block_type":"box","text":"Chief Investment Officer – Multi-Asset","page_number":170,"box":{"x":512,"y":532,"width":281,"height":9}},{"id":"300d34d9-2a9a-4622-ac50-261de92d97ab","block_type":"box","text":"Sarasin & Partners LLP","page_number":170,"box":{"x":512,"y":546,"width":174,"height":9}},{"id":"f08d4aa6-f063-443b-9dc6-4614dfaf4193","block_type":"box","text":"28 July 2026","page_number":170,"box":{"x":512,"y":560,"width":94,"height":12}},{"id":"93fe48ff-bfcb-4f33-abb4-251a3587d50a","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":170,"box":{"x":512,"y":595,"width":445,"height":9}},{"id":"2bf9b4da-4224-4498-bc1b-6c63fec616b2","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":170,"box":{"x":511,"y":606,"width":446,"height":9}},{"id":"9523face-e3e8-429d-a5be-d6711dad4d9f","block_type":"box","text":"without notice.","page_number":170,"box":{"x":512,"y":618,"width":84,"height":7}},{"id":"3b7d3865-36c3-4434-acfa-984f285b4080","block_type":"box","text":"Investment Review (continued)","page_number":170,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"1b5d0860-edcc-41bb-a567-91f8a950dcb2","block_type":"box","text":"170","page_number":171,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"4d5f1008-eace-4780-9dc0-bbf98542afcd","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":171,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"33f3c3a3-8aa8-4cc5-92c0-757d1e078671","block_type":"box","text":"Top 10 purchases during the period\r\n(","page_number":171,"box":{"x":42,"y":92,"width":283,"height":11}},{"id":"c8159722-69f6-4a18-ade1-7772197dc5c2","block_type":"box","text":"Storebrand Emerging Market","page_number":171,"box":{"x":43,"y":105,"width":219,"height":12}},{"id":"0f874b99-ddd2-4cdf-87af-262cca52fc35","block_type":"box","text":"United Kingdom Treasury Bill 0.00% 22/06/2026","page_number":171,"box":{"x":43,"y":119,"width":356,"height":11}},{"id":"31917837-a457-451b-9f9d-4287eabe089f","block_type":"box","text":"iShares MSCI Global Semiconductors UCITS ETF","page_number":171,"box":{"x":43,"y":132,"width":377,"height":9}},{"id":"fc62dc47-b408-4d01-a3ba-420646b72dbc","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":171,"box":{"x":43,"y":146,"width":288,"height":11}},{"id":"0a38c58c-66d0-4be0-ae28-6b1350cc947e","block_type":"box","text":"Citigroup","page_number":171,"box":{"x":43,"y":159,"width":71,"height":11}},{"id":"96e0faad-f4fd-41ef-b067-4cdbd5df45e1","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":171,"box":{"x":42,"y":172,"width":395,"height":12}},{"id":"943b201c-289f-4e6c-ae1b-2be83918813f","block_type":"box","text":"NVIDIA","page_number":171,"box":{"x":43,"y":186,"width":59,"height":8}},{"id":"277ea3ea-46f4-42ad-9169-c208438d732c","block_type":"box","text":"Costco Wholesale","page_number":171,"box":{"x":43,"y":199,"width":133,"height":9}},{"id":"aa84d208-8a99-40cf-ae4e-f74eb852a880","block_type":"box","text":"Sunny Optical Technology","page_number":171,"box":{"x":43,"y":213,"width":197,"height":11}},{"id":"6e5fbdaa-26b9-4d82-a4e1-401af2ff124d","block_type":"box","text":"Disco","page_number":171,"box":{"x":43,"y":226,"width":40,"height":9}},{"id":"480e0f79-576b-4237-af84-52352dbf66a4","block_type":"box","text":"Top 10 sales during the period","page_number":171,"box":{"x":42,"y":245,"width":241,"height":11}},{"id":"483e2f20-47ed-4672-bf89-b43f7adc3bc0","block_type":"box","text":"Storebrand Emerging Market","page_number":171,"box":{"x":43,"y":258,"width":219,"height":12}},{"id":"86ddbe3d-686c-4336-bca1-8dddcbf287cb","block_type":"box","text":"United Kingdom Treasury Bill 0.00% 22/06/2026","page_number":171,"box":{"x":43,"y":272,"width":356,"height":11}},{"id":"58729fd4-fc81-4456-8fb5-7bb99875d245","block_type":"box","text":"Invesco Physical Gold","page_number":171,"box":{"x":43,"y":285,"width":169,"height":11}},{"id":"24225f3e-ea5e-49c7-afbd-c49221ceafd6","block_type":"box","text":"NVIDIA","page_number":171,"box":{"x":43,"y":299,"width":59,"height":8}},{"id":"d45f2e95-ff74-4b60-acdc-c0d60f13372b","block_type":"box","text":"Amazon","page_number":171,"box":{"x":42,"y":312,"width":60,"height":9}},{"id":"f46751cb-efea-442f-bf08-d8c93a9fd0fe","block_type":"box","text":"Alphabet 'A'","page_number":171,"box":{"x":42,"y":325,"width":93,"height":11}},{"id":"f7352405-9827-42c0-b86d-e960f200197e","block_type":"box","text":"Microsoft","page_number":171,"box":{"x":43,"y":339,"width":67,"height":9}},{"id":"accd2d36-c9f8-485f-b3e7-508ad08972e6","block_type":"box","text":"JPMorgan Chase & Company","page_number":171,"box":{"x":42,"y":352,"width":222,"height":11}},{"id":"410af433-bf5c-4376-9563-27afa53c4d96","block_type":"box","text":"International Bank for Reconstruction & Development","page_number":171,"box":{"x":43,"y":366,"width":399,"height":11}},{"id":"344aa99b-3d81-40d4-8508-95f793392991","block_type":"box","text":"1.00% 21/12/2029","page_number":171,"box":{"x":44,"y":380,"width":133,"height":9}},{"id":"842da32c-e6ea-4e82-817c-9d603c712f8a","block_type":"box","text":"ASML Holding","page_number":171,"box":{"x":42,"y":393,"width":111,"height":11}},{"id":"06c43e45-13a1-4e40-87d6-d5839626da1e","block_type":"box","text":"T10 hdithid\r\nInvestment Review (continued)","page_number":171,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"4cc867af-b379-4ed5-a0ee-7ff5ccd0ab9c","block_type":"box","text":"171","page_number":172,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"380528cc-20ef-4b40-9693-310124aadbf9","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":172,"box":{"x":43,"y":34,"width":328,"height":13}},{"id":"f8f14ce3-e253-429a-ae48-88c3f687300d","block_type":"box","text":"Sub-fund Information","page_number":172,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"63ebb525-f96a-4e88-967f-83655620f898","block_type":"box","text":"Risk and Reward Profile","page_number":172,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"bdce9c3b-1136-465a-821b-d91be9b9c712","block_type":"box","text":"0","page_number":172,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"6f5d2555-1558-48b5-9b47-0d7c32de0cf9","block_type":"box","text":"Lower2","page_number":172,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"457f46ed-7d6f-4268-b68e-bd190f0cc164","block_type":"box","text":"er2","page_number":172,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"e8a93bba-46b4-4da5-b9e5-643200429f02","block_type":"box","text":"risk","page_number":172,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"68a7992c-b725-4b47-95dc-78dc5644d2d6","block_type":"box","text":"Higher","page_number":172,"box":{"x":884,"y":145,"width":42,"height":8}},{"id":"8f8bac02-2038-4e5e-a369-17ce9be9f012","block_type":"box","text":"risk","page_number":172,"box":{"x":930,"y":145,"width":23,"height":6}},{"id":"72bee488-2457-4116-a8bf-2a7c4034bd22","block_type":"box","text":"Typically","page_number":172,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"465eda94-1969-4aa8-a4f0-5e56b2830271","block_type":"box","text":"lower rewards","page_number":172,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"cba355d6-4998-48d0-8a62-7762e9b330ca","block_type":"box","text":"Typically","page_number":172,"box":{"x":809,"y":156,"width":52,"height":9}},{"id":"5d947520-efa5-4647-be35-5f95cc7dfd15","block_type":"box","text":"higher rewards","page_number":172,"box":{"x":866,"y":156,"width":87,"height":9}},{"id":"64aa68fa-f036-44d3-9149-7514da4c7f77","block_type":"box","text":"1","page_number":172,"box":{"x":107,"y":179,"width":4,"height":7}},{"id":"22422db5-ef44-4e94-8035-c948308a1a21","block_type":"box","text":"2","page_number":172,"box":{"x":236,"y":179,"width":6,"height":7}},{"id":"6a435f45-2c75-4ba5-89c8-8b6eb52875f2","block_type":"box","text":"3","page_number":172,"box":{"x":366,"y":179,"width":6,"height":7}},{"id":"0a94cb93-81ea-4d11-9cb2-b5d83d5501cd","block_type":"box","text":"4","page_number":172,"box":{"x":495,"y":179,"width":7,"height":7}},{"id":"defaa71e-3cfb-4c5c-81b3-b2e23f9adf13","block_type":"box","text":"5","page_number":172,"box":{"x":624,"y":179,"width":7,"height":7}},{"id":"dd9e8422-177f-43cb-ab4b-74aad7859187","block_type":"box","text":"6","page_number":172,"box":{"x":754,"y":179,"width":6,"height":7}},{"id":"0025f619-2c35-4957-ac00-97d12ef41286","block_type":"box","text":"7","page_number":172,"box":{"x":883,"y":179,"width":7,"height":7}},{"id":"4ab5a61f-f207-4d8e-87b4-4656e1d66505","block_type":"box","text":"•","page_number":172,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"0b78e669-25e7-4d9e-afcd-9d7d8695aeed","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":172,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"7eb669f3-b764-43c0-a38d-8b4fdeddf44b","block_type":"box","text":"•","page_number":172,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"18182660-15fd-4558-b27d-f6fbe026f058","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":172,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"c8aa79c6-3d92-4a90-946e-6c2819a13b14","block_type":"box","text":"•","page_number":172,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"f1afac38-8a9d-4d53-bcbc-1c24716f4a0e","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":172,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"91de924d-51ba-473f-84c6-f9d418b01f8e","block_type":"box","text":"The Risk and Reward Indicator","page_number":172,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"bda4e68f-a13b-4bba-b8a4-80ed35b69760","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":172,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"74c1da31-81c5-43d8-93b2-c8707fecc080","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":172,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"33892062-21f4-4490-9acb-04303ed3330e","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":172,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"b2b62645-138d-4130-aa0f-cdc1a416bf86","block_type":"box","text":"but the greater the risk of losing money.","page_number":172,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"5932ed48-8c41-4c15-a8d0-c753221563ea","block_type":"box","text":"The sub-fund is ranked at 4 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":172,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"27e0d5ec-fef9-4a9a-b7e8-2cc6af5adc14","block_type":"box","text":"moderate levels of volatility historically.","page_number":172,"box":{"x":43,"y":359,"width":285,"height":11}},{"id":"2651f36c-ad22-478d-ba4c-6304ff0a2718","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":172,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"f6f9513e-ca99-425a-824f-a63eafb7cca3","block_type":"box","text":"Bond Risk:","page_number":172,"box":{"x":42,"y":398,"width":88,"height":9}},{"id":"7009e5c1-42ad-4070-ac74-7e5a97f64aea","block_type":"box","text":"In stressed conditions bonds may become harder to sell in a timely manner, resulting in unpredictable changes","page_number":172,"box":{"x":131,"y":398,"width":831,"height":11}},{"id":"47d1c9cd-24bc-458a-9915-c69745d86ada","block_type":"box","text":"in the value of your holdings.","page_number":172,"box":{"x":43,"y":412,"width":211,"height":12}},{"id":"d301991b-8294-461d-9ba0-4b30a59fd6c0","block_type":"box","text":"Emerging Markets Risk:","page_number":172,"box":{"x":43,"y":437,"width":194,"height":11}},{"id":"b3573ab8-9ad1-4924-8263-55d70c76939e","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":172,"box":{"x":237,"y":437,"width":725,"height":11}},{"id":"4c02e543-317d-4cb6-b77b-139526084788","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":172,"box":{"x":43,"y":451,"width":919,"height":12}},{"id":"fdb86f33-abb8-481f-b339-b69c61bdc7f1","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":172,"box":{"x":42,"y":466,"width":777,"height":11}},{"id":"60c9bbc1-a10e-43ae-b121-cdc18e775a15","block_type":"box","text":"Alternatives Risk:","page_number":172,"box":{"x":42,"y":491,"width":142,"height":9}},{"id":"7705fe34-c528-41c4-9950-9d391e84c445","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":172,"box":{"x":185,"y":491,"width":777,"height":11}},{"id":"8f8464ca-a0e8-453a-a3b9-5d8d37f8d023","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":172,"box":{"x":42,"y":505,"width":920,"height":11}},{"id":"c82d2ac0-69ae-4193-879a-e8a0f41d928d","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":172,"box":{"x":42,"y":519,"width":853,"height":11}},{"id":"dc6ae83c-24ae-4c18-99e1-666783f33307","block_type":"box","text":"Derivatives Risk:","page_number":172,"box":{"x":43,"y":544,"width":135,"height":9}},{"id":"0d1248d4-b61d-41d0-886a-870b4870f39e","block_type":"box","text":"Derivatives are financial instruments whose value is linked to the expected future price movements of","page_number":172,"box":{"x":179,"y":544,"width":783,"height":11}},{"id":"327d1c2d-4796-4bf2-8916-691625e664c1","block_type":"box","text":"an underlying asset. Derivatives such as futures, forward contracts, options, and swaps may be used to seek to manage","page_number":172,"box":{"x":42,"y":558,"width":920,"height":12}},{"id":"e98832e0-6432-4d85-9c55-8193055df5c6","block_type":"box","text":"risk within the sub-fund, reduce investment costs and generate additional income. However, these strategies may not be","page_number":172,"box":{"x":43,"y":573,"width":919,"height":11}},{"id":"6bdc4491-384e-4704-9726-f162be6723a6","block_type":"box","text":"successful and could lead to losses greater than the cost of the derivative.","page_number":172,"box":{"x":42,"y":587,"width":548,"height":11}},{"id":"72a7b259-1e2b-486a-9109-a1f690f8c04c","block_type":"box","text":"Exchange Traded Funds (ETFs) Risk:","page_number":172,"box":{"x":43,"y":612,"width":292,"height":11}},{"id":"70e77275-8ef4-4b47-84ef-f427b5f60c11","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":172,"box":{"x":336,"y":612,"width":626,"height":11}},{"id":"5123c8dd-8b30-41e1-accb-a6deea26db83","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":172,"box":{"x":42,"y":626,"width":473,"height":11}},{"id":"d89f341f-c925-468a-8aed-a50caeaa316e","block_type":"box","text":"Operational Risk:","page_number":172,"box":{"x":43,"y":651,"width":138,"height":11}},{"id":"7458cec5-853c-41fc-baf6-3560305fe272","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":172,"box":{"x":181,"y":651,"width":781,"height":11}},{"id":"9a940ef2-b820-425b-a527-db5912d296c2","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":172,"box":{"x":43,"y":665,"width":894,"height":12}},{"id":"8155ef0d-2c3b-4879-b9a2-e5812cd93dcd","block_type":"box","text":"Counterparty and Settlement Risk:","page_number":172,"box":{"x":43,"y":690,"width":275,"height":12}},{"id":"7b62ccec-a5a2-489f-9bc8-a4cbb2185dc0","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":172,"box":{"x":323,"y":690,"width":633,"height":12}},{"id":"d45c1e9a-61cc-4d0b-83b3-527e17c359e6","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":172,"box":{"x":43,"y":705,"width":423,"height":11}},{"id":"21e46cb2-68df-4f95-acc0-ac0a9d42441a","block_type":"box","text":"Charges deducted from capital:","page_number":172,"box":{"x":43,"y":730,"width":248,"height":11}},{"id":"0ab1b574-0edc-407b-9eb0-93af2ea746b2","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":172,"box":{"x":295,"y":729,"width":661,"height":12}},{"id":"58494c1b-9efa-4070-bd03-4bf3fc875951","block_type":"box","text":"172","page_number":173,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"74dadbc0-b148-48d6-9f7b-fb42cab8d3ec","block_type":"box","text":"173","page_number":173,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"2c08293f-0370-4900-a85c-ae60b67760b2","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":173,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"1809c460-8bf6-4b8c-a1d2-e9695bdcda2f","block_type":"box","text":"Portfolio Statement","page_number":173,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"909157ae-b9b0-473b-94eb-9246eedc70d8","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":173,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"67b8d0e6-7da6-4429-ba29-88cbf0571e0f","block_type":"box","text":"Holding/Nominal Value","page_number":173,"box":{"x":51,"y":147,"width":144,"height":9}},{"id":"9080b668-1974-44f3-ab05-7da83fb0e830","block_type":"box","text":"Investment","page_number":173,"box":{"x":230,"y":147,"width":70,"height":7}},{"id":"0cbcbd10-7e0e-4c42-a777-548240c81af1","block_type":"box","text":"Market","page_number":173,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"1c67ecfe-a7d4-4519-ba79-8ca0d3fefaf3","block_type":"box","text":"Value","page_number":173,"box":{"x":765,"y":136,"width":35,"height":7}},{"id":"9df68b92-a3ba-4bfd-8dcd-14aa60344cce","block_type":"box","text":"£","page_number":173,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"0cccef05-30c0-49f3-b038-a4cc8d8075b2","block_type":"box","text":"% of","page_number":173,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"99778bc1-f14e-4bf0-b9db-9177851b1d81","block_type":"box","text":"Net Assets","page_number":173,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"bf4969d2-1e80-42d1-866c-33d92d43d3fb","block_type":"box","text":"Digitalisation","page_number":173,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"23efe38e-367a-4d13-9350-403182b211c5","block_type":"box","text":"19.71% (31 December 2025 - 23.25%)","page_number":173,"box":{"x":147,"y":179,"width":295,"height":11}},{"id":"e2cf26eb-9b97-454a-8655-54ccbf8834cf","block_type":"box","text":"3,475","page_number":173,"box":{"x":154,"y":198,"width":41,"height":10}},{"id":"0418fd1d-6400-4fa3-8474-887f72ab3f7a","block_type":"box","text":"Alphabet 'A'","page_number":173,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"856fd979-d975-4461-925b-4c48ba5a591f","block_type":"box","text":"935,278","page_number":173,"box":{"x":740,"y":198,"width":59,"height":10}},{"id":"f1c35b43-bbce-4536-ba9f-53ed64bb4f12","block_type":"box","text":"3.50","page_number":173,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"8e0cc342-282f-4c5a-9596-b1575208a7bb","block_type":"box","text":"3,264","page_number":173,"box":{"x":154,"y":213,"width":41,"height":10}},{"id":"25f08599-3034-4c8e-a125-502bbd2bbd4f","block_type":"box","text":"Amazon.com","page_number":173,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"6db39daa-d79c-4b24-883b-ff351b4de521","block_type":"box","text":"591,979","page_number":173,"box":{"x":740,"y":213,"width":59,"height":10}},{"id":"563aea5d-c025-4273-871e-1088d9098212","block_type":"box","text":"2.22","page_number":173,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"053d8814-a1e2-47b6-8bf3-1cefe387c4ae","block_type":"box","text":"2,773","page_number":173,"box":{"x":154,"y":229,"width":41,"height":10}},{"id":"96bf4dc0-e510-4a61-b9cc-c797790385fe","block_type":"box","text":"Apple","page_number":173,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"be734bcd-51a4-42e8-b2d9-f45511d90d49","block_type":"box","text":"639,715","page_number":173,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"0a20336e-8408-41b3-8193-bf840d8c105b","block_type":"box","text":"2.40","page_number":173,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"61e471d1-0553-43ea-84f1-bd0c728bf588","block_type":"box","text":"800","page_number":173,"box":{"x":168,"y":244,"width":27,"height":9}},{"id":"732702a4-d059-4db0-942e-62920f2fa7a3","block_type":"box","text":"Disco","page_number":173,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"3d445c53-b0fc-4291-bfce-ec9b8a885f8e","block_type":"box","text":"284,409","page_number":173,"box":{"x":740,"y":244,"width":59,"height":10}},{"id":"32cfea11-afb0-48b6-9e94-4dd5c278825c","block_type":"box","text":"1.07","page_number":173,"box":{"x":926,"y":244,"width":30,"height":9}},{"id":"25a96590-eddd-4633-9d99-0dfcbbbbcdde","block_type":"box","text":"1,700","page_number":173,"box":{"x":155,"y":259,"width":40,"height":11}},{"id":"bf0bc8e7-2473-4029-b993-c8babeaa1bc0","block_type":"box","text":"Hoya","page_number":173,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"2dfb0f45-695a-4805-abd7-49587a534b15","block_type":"box","text":"204,534","page_number":173,"box":{"x":740,"y":259,"width":59,"height":11}},{"id":"8c4380a7-518d-4cb7-8ac7-905ba6a98c0e","block_type":"box","text":"0.77","page_number":173,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"ed46111b-5437-45b7-8e96-9f3efd906873","block_type":"box","text":"3,003","page_number":173,"box":{"x":154,"y":275,"width":41,"height":10}},{"id":"8281c120-2278-4790-8dd3-d1cd94ea992d","block_type":"box","text":"London Stock Exchange Group","page_number":173,"box":{"x":230,"y":274,"width":232,"height":12}},{"id":"c03d9f0e-3bf2-4678-9b03-3006d3cad0d3","block_type":"box","text":"260,240","page_number":173,"box":{"x":740,"y":275,"width":59,"height":10}},{"id":"6e56aef6-427f-4ada-a306-1d95515871a9","block_type":"box","text":"0.97","page_number":173,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"02b60182-9987-4083-a6cd-8ebc8a520559","block_type":"box","text":"1,074","page_number":173,"box":{"x":155,"y":290,"width":40,"height":10}},{"id":"6df14516-aeba-4a66-a307-08c22b9bd480","block_type":"box","text":"Mastercard 'A'","page_number":173,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"3c43ee7f-aaec-4c03-b6dc-e005ee96dedd","block_type":"box","text":"433,604","page_number":173,"box":{"x":740,"y":290,"width":59,"height":10}},{"id":"83eed5b7-63f8-48e9-93ac-0a51382f31d5","block_type":"box","text":"1.62","page_number":173,"box":{"x":926,"y":290,"width":30,"height":9}},{"id":"e745f6db-6851-4ba9-adee-a96cbb1d3f8e","block_type":"box","text":"2,102","page_number":173,"box":{"x":154,"y":305,"width":41,"height":11}},{"id":"8a175ad5-f7db-486d-a2f2-c91fe029aadf","block_type":"box","text":"Microsoft","page_number":173,"box":{"x":230,"y":305,"width":67,"height":9}},{"id":"3a37a39c-f877-4724-871f-21593acf7618","block_type":"box","text":"613,125","page_number":173,"box":{"x":740,"y":305,"width":59,"height":11}},{"id":"152aafd1-e064-4f1c-93ec-0378a33a81ac","block_type":"box","text":"2.30","page_number":173,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"6bcac4c3-f791-4595-93f0-e8e80ae8f443","block_type":"box","text":"249","page_number":173,"box":{"x":168,"y":321,"width":27,"height":8}},{"id":"db1d30d4-3acb-4f94-8f01-457800a87d98","block_type":"box","text":"Moody's","page_number":173,"box":{"x":230,"y":321,"width":60,"height":11}},{"id":"dbd389a2-b253-4fde-8cd9-15b52c169b79","block_type":"box","text":"91,364","page_number":173,"box":{"x":749,"y":321,"width":50,"height":10}},{"id":"9b390825-80e2-4010-a488-21d7855c94c5","block_type":"box","text":"0.34","page_number":173,"box":{"x":925,"y":321,"width":31,"height":9}},{"id":"9950bdd4-e316-4f2c-89b0-4b194ee0bf50","block_type":"box","text":"5,924","page_number":173,"box":{"x":154,"y":336,"width":41,"height":10}},{"id":"88b10be5-6c13-4f7d-b256-2c14b7ab1064","block_type":"box","text":"Netflix","page_number":173,"box":{"x":230,"y":336,"width":45,"height":9}},{"id":"c6d64e3d-9f10-4340-b96b-b68f3eaf3c5b","block_type":"box","text":"344,109","page_number":173,"box":{"x":740,"y":336,"width":59,"height":10}},{"id":"d8dfa7c3-bcea-4122-bb1d-91234019c615","block_type":"box","text":"1.29","page_number":173,"box":{"x":926,"y":336,"width":30,"height":9}},{"id":"64301a97-d1e6-4ce5-8aef-0a6e4410c400","block_type":"box","text":"43,400","page_number":173,"box":{"x":144,"y":351,"width":51,"height":11}},{"id":"4c6638c0-0a70-4fa9-a9f9-a1f9013aac7d","block_type":"box","text":"Sunny Optical Technology","page_number":173,"box":{"x":230,"y":351,"width":193,"height":12}},{"id":"6791716a-8534-471f-b232-e8ff345cc31b","block_type":"box","text":"248,552","page_number":173,"box":{"x":740,"y":351,"width":59,"height":11}},{"id":"ddb92ba0-68ca-4b1f-b0e3-8ff76169208e","block_type":"box","text":"0.93","page_number":173,"box":{"x":925,"y":351,"width":31,"height":9}},{"id":"51ee6102-ea94-4138-af5f-cdc5556662db","block_type":"box","text":"6,500","page_number":173,"box":{"x":154,"y":367,"width":41,"height":10}},{"id":"742a9a59-038c-4638-9538-3332c0b23527","block_type":"box","text":"Tencent Holdings","page_number":173,"box":{"x":229,"y":367,"width":128,"height":11}},{"id":"08b74b26-5382-4cbb-a73f-25b5f3e82f41","block_type":"box","text":"267,527","page_number":173,"box":{"x":740,"y":367,"width":59,"height":10}},{"id":"bb2e2a5c-bed5-4362-b473-3cda0efdf4cd","block_type":"box","text":"1.00","page_number":173,"box":{"x":926,"y":367,"width":30,"height":9}},{"id":"570ebb6c-e3f6-432c-9a6f-42dc5e838571","block_type":"box","text":"6,251","page_number":173,"box":{"x":154,"y":382,"width":39,"height":10}},{"id":"c2b864bb-b3ab-452e-b436-03c000e68148","block_type":"box","text":"Uber Technologies","page_number":173,"box":{"x":230,"y":382,"width":137,"height":11}},{"id":"e6a689c0-8401-4553-813f-b04317210ef8","block_type":"box","text":"348,268","page_number":173,"box":{"x":740,"y":382,"width":59,"height":10}},{"id":"d9b63bb0-0f20-441f-b70b-b2d6d7ce0c75","block_type":"box","text":"1.30","page_number":173,"box":{"x":926,"y":382,"width":30,"height":9}},{"id":"3b05ce03-cbe9-4939-97f8-669b81fc0aa1","block_type":"box","text":"5,262,704","page_number":173,"box":{"x":726,"y":400,"width":74,"height":11}},{"id":"b4237863-91d4-4ef7-828a-783247ea3019","block_type":"box","text":"19.71","page_number":173,"box":{"x":916,"y":400,"width":38,"height":9}},{"id":"11e68047-8170-4f6a-9d14-6bc7583020e4","block_type":"box","text":"Automation","page_number":173,"box":{"x":42,"y":431,"width":92,"height":9}},{"id":"ec0a2c51-350e-446d-a8d4-3e595177f5d5","block_type":"box","text":"16.53% (31 December 2025 - 13.45%)","page_number":173,"box":{"x":135,"y":431,"width":295,"height":11}},{"id":"1d695e79-5bcc-4626-9a03-d7312ddd489f","block_type":"box","text":"528","page_number":173,"box":{"x":168,"y":450,"width":27,"height":9}},{"id":"429c77dd-ebee-4b1a-84a0-f9fb47e9ac89","block_type":"box","text":"ASML Holding","page_number":173,"box":{"x":229,"y":450,"width":105,"height":11}},{"id":"8bedca89-e8b6-4ca9-8b29-bc5ef6aebed6","block_type":"box","text":"739,154","page_number":173,"box":{"x":740,"y":450,"width":59,"height":10}},{"id":"295f1aba-7a2a-4218-a766-896fa6575ddc","block_type":"box","text":"2.77","page_number":173,"box":{"x":925,"y":450,"width":31,"height":8}},{"id":"bf873654-37aa-49e7-9a07-001514407042","block_type":"box","text":"1,998","page_number":173,"box":{"x":155,"y":465,"width":40,"height":10}},{"id":"c20f75e8-1fdb-4da4-b651-3f4efffb1705","block_type":"box","text":"Broadcom","page_number":173,"box":{"x":230,"y":465,"width":74,"height":9}},{"id":"54bf26ed-0b29-46ee-8dab-f2ef613ed093","block_type":"box","text":"538,738","page_number":173,"box":{"x":740,"y":465,"width":59,"height":10}},{"id":"ed1c6cc6-0018-4583-93d2-f0b5ed8bb05a","block_type":"box","text":"2.02","page_number":173,"box":{"x":925,"y":465,"width":31,"height":9}},{"id":"f456973a-b94a-43ed-b30c-31d8170fad53","block_type":"box","text":"4,267","page_number":173,"box":{"x":154,"y":480,"width":41,"height":11}},{"id":"4420741d-65d6-46a5-8956-0ecee49b331b","block_type":"box","text":"Infineon Technologies","page_number":173,"box":{"x":230,"y":480,"width":160,"height":12}},{"id":"87a500d4-2496-4466-84a8-eef2bfc7b9ec","block_type":"box","text":"283,173","page_number":173,"box":{"x":740,"y":480,"width":59,"height":11}},{"id":"f7c029e7-6f9d-46a3-a7df-64b4fb92daa3","block_type":"box","text":"1.06","page_number":173,"box":{"x":926,"y":481,"width":30,"height":8}},{"id":"ed603d04-cbb9-451b-b899-042a24b5d77b","block_type":"box","text":"600","page_number":173,"box":{"x":168,"y":496,"width":27,"height":9}},{"id":"440b9c1a-165e-4cc0-8b3f-00f12b7073ab","block_type":"box","text":"Keyence","page_number":173,"box":{"x":230,"y":496,"width":64,"height":11}},{"id":"96cc4218-32fd-4c5a-85c1-431785fff816","block_type":"box","text":"222,525","page_number":173,"box":{"x":740,"y":496,"width":59,"height":10}},{"id":"b23bb7b3-93c6-45ee-bdfc-7c10fcc75779","block_type":"box","text":"0.83","page_number":173,"box":{"x":925,"y":496,"width":31,"height":9}},{"id":"5e5146fa-02f5-4314-bb71-cd2247e8b767","block_type":"box","text":"7,793","page_number":173,"box":{"x":154,"y":511,"width":41,"height":11}},{"id":"ff671a35-2b6e-4f01-94b1-6555907695c3","block_type":"box","text":"NVIDIA","page_number":173,"box":{"x":230,"y":511,"width":55,"height":9}},{"id":"598c16f7-6023-43e6-8eac-5f37db078a9b","block_type":"box","text":"1,134,689","page_number":173,"box":{"x":727,"y":511,"width":72,"height":11}},{"id":"aed842c5-a5c0-4e78-941c-ebff14e92719","block_type":"box","text":"4.25","page_number":173,"box":{"x":925,"y":511,"width":32,"height":9}},{"id":"f12689e0-9750-4650-9a91-53912e65cbed","block_type":"box","text":"1,406","page_number":173,"box":{"x":155,"y":527,"width":40,"height":10}},{"id":"72141841-a346-446f-bc5d-ca77592a11d5","block_type":"box","text":"Schneider Electric","page_number":173,"box":{"x":230,"y":527,"width":134,"height":8}},{"id":"2939d8e7-6b6a-40da-8738-fa82404d1521","block_type":"box","text":"337,360","page_number":173,"box":{"x":740,"y":527,"width":59,"height":10}},{"id":"ee2dc860-101e-409c-ac9e-bf31015132eb","block_type":"box","text":"1.26","page_number":173,"box":{"x":926,"y":527,"width":30,"height":8}},{"id":"a195eff9-165d-413c-adf4-7090f7665f2a","block_type":"box","text":"1,669","page_number":173,"box":{"x":155,"y":542,"width":40,"height":10}},{"id":"5b4f12eb-8077-404a-ba0f-950fe6b2d9a4","block_type":"box","text":"Siemens","page_number":173,"box":{"x":230,"y":542,"width":64,"height":9}},{"id":"5f4e631d-9b05-4d46-bbb1-a1cf95d08978","block_type":"box","text":"406,184","page_number":173,"box":{"x":740,"y":542,"width":59,"height":10}},{"id":"e4fb5485-3cb0-44f3-87f1-e2049f6707d6","block_type":"box","text":"1.52","page_number":173,"box":{"x":926,"y":542,"width":30,"height":9}},{"id":"499ee18b-6a0c-439c-97b7-95fdeb3cc66b","block_type":"box","text":"2,310","page_number":173,"box":{"x":154,"y":557,"width":41,"height":11}},{"id":"246d06dd-f1ea-4529-9153-ad966c6cd5ea","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":173,"box":{"x":229,"y":557,"width":395,"height":11}},{"id":"084022f2-11c4-44d3-86f1-4aecefe38543","block_type":"box","text":"751,478","page_number":173,"box":{"x":740,"y":557,"width":59,"height":11}},{"id":"d1b519cb-0d5a-4873-a3d8-1fc62a199577","block_type":"box","text":"2.82","page_number":173,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"a09728e4-9056-4e23-b555-03f410fe17a5","block_type":"box","text":"4,413,301","page_number":173,"box":{"x":726,"y":575,"width":71,"height":11}},{"id":"07faa02f-2e51-4f82-9071-e5377cc3f561","block_type":"box","text":"16.53","page_number":173,"box":{"x":916,"y":575,"width":40,"height":9}},{"id":"f1785793-cb1d-4e8a-adbd-77dae40539af","block_type":"box","text":"Ageing","page_number":173,"box":{"x":42,"y":606,"width":56,"height":11}},{"id":"37424a72-592b-44a2-9c8d-8e73a0776c4d","block_type":"box","text":"7.06% (31 December 2025 - 6.01%)","page_number":173,"box":{"x":99,"y":606,"width":276,"height":11}},{"id":"d9f6c466-5aa4-43c1-ac35-3addca0f6548","block_type":"box","text":"1,169","page_number":173,"box":{"x":155,"y":625,"width":40,"height":10}},{"id":"b8767a1d-353c-4372-86bb-8182edf7a55b","block_type":"box","text":"Amgen","page_number":173,"box":{"x":229,"y":625,"width":52,"height":11}},{"id":"033dbe7b-6402-4a79-8ff8-a99bfb063807","block_type":"box","text":"327,206","page_number":173,"box":{"x":740,"y":625,"width":59,"height":10}},{"id":"ee954a8e-d68a-48b5-9fcb-fcf9c88d4895","block_type":"box","text":"1.23","page_number":173,"box":{"x":926,"y":625,"width":30,"height":9}},{"id":"e73bb9d1-d22f-4e8a-9bdf-acb5db5deb16","block_type":"box","text":"134,885","page_number":173,"box":{"x":137,"y":640,"width":58,"height":11}},{"id":"12d1db09-ff64-4145-a1ba-0e4cdbb3e2ea","block_type":"box","text":"BioPharma Credit","page_number":173,"box":{"x":230,"y":640,"width":131,"height":9}},{"id":"d2c266af-c73d-4a40-b56d-66edfee020a7","block_type":"box","text":"96,740","page_number":173,"box":{"x":749,"y":640,"width":50,"height":11}},{"id":"195f4fc6-03ce-4e06-be23-d90864f4e001","block_type":"box","text":"0.36","page_number":173,"box":{"x":925,"y":640,"width":31,"height":9}},{"id":"fe98bdde-32aa-4d4b-9853-c7e8b8bf2f03","block_type":"box","text":"387","page_number":173,"box":{"x":168,"y":656,"width":27,"height":8}},{"id":"7697d590-0677-4cad-a9ef-02e4896827ec","block_type":"box","text":"BlackRock","page_number":173,"box":{"x":230,"y":656,"width":78,"height":8}},{"id":"6b6b3a26-67c3-4cb4-92c3-4b46e8e17657","block_type":"box","text":"288,085","page_number":173,"box":{"x":740,"y":656,"width":59,"height":10}},{"id":"29b22619-ce7b-4787-8770-7c3ad609f292","block_type":"box","text":"1.08","page_number":173,"box":{"x":926,"y":656,"width":30,"height":8}},{"id":"4259b261-640b-42b2-bfa0-c7850d900899","block_type":"box","text":"340","page_number":173,"box":{"x":168,"y":671,"width":27,"height":9}},{"id":"d456b49c-9b5f-4b42-8430-6605ec1d7eb6","block_type":"box","text":"Eli Lilly & Company","page_number":173,"box":{"x":230,"y":671,"width":143,"height":11}},{"id":"04ad8b8a-5705-465b-acf5-9f18c8a9249d","block_type":"box","text":"308,114","page_number":173,"box":{"x":741,"y":671,"width":58,"height":10}},{"id":"62877c49-6a6e-4109-8400-bfc845d9b753","block_type":"box","text":"1.15","page_number":173,"box":{"x":926,"y":671,"width":31,"height":9}},{"id":"99710da6-f54a-4741-a21d-a1fe0213b743","block_type":"box","text":"1,967","page_number":173,"box":{"x":155,"y":686,"width":40,"height":11}},{"id":"cb0af6a6-51bb-4469-ae84-215d582cc282","block_type":"box","text":"Merck & Company","page_number":173,"box":{"x":230,"y":686,"width":137,"height":12}},{"id":"203a87b8-aa66-4d0b-b49f-21d7422e70fc","block_type":"box","text":"190,714","page_number":173,"box":{"x":741,"y":686,"width":58,"height":11}},{"id":"94631e38-6772-418c-a9ba-57f205be8306","block_type":"box","text":"0.72","page_number":173,"box":{"x":925,"y":686,"width":31,"height":9}},{"id":"94c7f5a0-4192-469c-9f7e-6660cad6058b","block_type":"box","text":"3,038","page_number":173,"box":{"x":154,"y":702,"width":41,"height":10}},{"id":"7da12dd2-b54e-4e12-b798-ffd1b45e283a","block_type":"box","text":"Straumann","page_number":173,"box":{"x":230,"y":702,"width":80,"height":9}},{"id":"29215857-812f-43e9-80e9-439f2841576b","block_type":"box","text":"304,628","page_number":173,"box":{"x":740,"y":702,"width":59,"height":10}},{"id":"70c9ac0d-4f73-416e-9275-0afdf1a13110","block_type":"box","text":"1.14","page_number":173,"box":{"x":926,"y":702,"width":30,"height":8}},{"id":"639ccb36-c31b-4829-9811-c9fc44d1ae7e","block_type":"box","text":"942","page_number":173,"box":{"x":168,"y":717,"width":27,"height":9}},{"id":"1ca70241-f840-4899-ba7b-f3191da63f2a","block_type":"box","text":"Thermo Fisher Scientific","page_number":173,"box":{"x":229,"y":717,"width":181,"height":9}},{"id":"9ce9c40a-b5ff-4f70-b057-a83b31d6d771","block_type":"box","text":"368,937","page_number":173,"box":{"x":740,"y":717,"width":59,"height":10}},{"id":"b4707120-34d1-4753-933e-f84395a49275","block_type":"box","text":"1.38","page_number":173,"box":{"x":926,"y":717,"width":30,"height":9}},{"id":"cbe0497a-0803-4c05-9386-81f12873a181","block_type":"box","text":"1,884,424","page_number":173,"box":{"x":727,"y":735,"width":73,"height":11}},{"id":"d986845e-d212-4812-900a-d1d65d1b8162","block_type":"box","text":"7.06","page_number":173,"box":{"x":925,"y":735,"width":32,"height":9}},{"id":"af41c54e-5c18-4654-a78b-356970128793","block_type":"box","text":"Evolving Consumption","page_number":173,"box":{"x":43,"y":766,"width":181,"height":11}},{"id":"cda6a413-aca0-49d2-aaaa-714fd5369eb1","block_type":"box","text":"7.40% (31 December 2025 - 10.66%)","page_number":173,"box":{"x":230,"y":766,"width":280,"height":11}},{"id":"eddc3448-f924-49c6-9173-d26ac3912b6e","block_type":"box","text":"5,968","page_number":173,"box":{"x":154,"y":785,"width":41,"height":10}},{"id":"1545dcd1-7d8f-4e7a-a5b5-6208e15a5825","block_type":"box","text":"Colgate-Palmolive","page_number":173,"box":{"x":230,"y":785,"width":134,"height":11}},{"id":"ea2755da-6bce-442c-9197-a66de98d3f9d","block_type":"box","text":"424,853","page_number":173,"box":{"x":740,"y":785,"width":59,"height":10}},{"id":"969637b7-95b6-4df9-bfbc-0b4f26f030fa","block_type":"box","text":"1.59","page_number":173,"box":{"x":926,"y":785,"width":30,"height":9}},{"id":"b9367123-4f6c-4ba4-8e31-80265431f5d7","block_type":"box","text":"5,661","page_number":173,"box":{"x":154,"y":800,"width":39,"height":10}},{"id":"037a4449-3ea6-41e3-8898-d95d59c06752","block_type":"box","text":"Compass Group","page_number":173,"box":{"x":230,"y":800,"width":120,"height":11}},{"id":"752af4b4-2fe1-4c83-9f8b-6e5b1f35a420","block_type":"box","text":"138,627","page_number":173,"box":{"x":741,"y":800,"width":58,"height":10}},{"id":"ba5268c8-5f14-4248-bb61-14a3f6ddb812","block_type":"box","text":"0.52","page_number":173,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"454268b7-09d8-4778-b293-d33eb63decf5","block_type":"box","text":"532","page_number":173,"box":{"x":168,"y":815,"width":27,"height":9}},{"id":"85db3e8d-cf81-4f3a-a552-5b06ee051e99","block_type":"box","text":"Costco Wholesale","page_number":173,"box":{"x":230,"y":815,"width":134,"height":9}},{"id":"92e8f319-75e8-475d-b8c5-58b3d685d193","block_type":"box","text":"378,762","page_number":173,"box":{"x":740,"y":815,"width":59,"height":11}},{"id":"fb375c88-a62c-4b41-9e0d-e4589690934b","block_type":"box","text":"1.42","page_number":173,"box":{"x":926,"y":815,"width":30,"height":9}},{"id":"e923c3d5-40f6-4f66-a5f0-b096b4ad2e47","block_type":"box","text":"3,538","page_number":173,"box":{"x":154,"y":831,"width":41,"height":10}},{"id":"8224ca9e-c295-4e7b-9780-12ef91eee74d","block_type":"box","text":"elf Beauty","page_number":173,"box":{"x":230,"y":831,"width":73,"height":11}},{"id":"f95a12c0-183c-413f-b0e2-a5ca74929b2a","block_type":"box","text":"202,361","page_number":173,"box":{"x":740,"y":831,"width":57,"height":10}},{"id":"b6dc4a91-25cd-4758-964b-5971152ab6b0","block_type":"box","text":"0.76","page_number":173,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"47fce2ac-2ac6-471d-91f5-e30781420751","block_type":"box","text":"1,267","page_number":173,"box":{"x":155,"y":846,"width":40,"height":11}},{"id":"e6964360-fbb3-44bd-a0c2-537153a73630","block_type":"box","text":"EssilorLuxottica","page_number":173,"box":{"x":230,"y":846,"width":116,"height":9}},{"id":"2e676a7f-4762-4a7c-ae83-11a9c082b486","block_type":"box","text":"186,898","page_number":173,"box":{"x":741,"y":846,"width":58,"height":11}},{"id":"5fcf286e-83ed-4926-bc1d-926fe318832f","block_type":"box","text":"0.70","page_number":173,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"a7b0c6e7-73aa-4d96-938e-c04c5b2ad428","block_type":"box","text":"1,532","page_number":173,"box":{"x":155,"y":862,"width":40,"height":10}},{"id":"5a8c5c4b-ccc8-4502-8f68-db748c1c9c61","block_type":"box","text":"Home Depot","page_number":173,"box":{"x":230,"y":862,"width":93,"height":11}},{"id":"b832fa03-b334-4a9f-90c9-310070b6296d","block_type":"box","text":"410,357","page_number":173,"box":{"x":740,"y":862,"width":59,"height":10}},{"id":"8d2dc55c-b9a3-4cc6-be04-a797b8a74c7c","block_type":"box","text":"1.54","page_number":173,"box":{"x":926,"y":862,"width":30,"height":8}},{"id":"3602703b-2d54-4229-9dcc-cdd4d27eef5b","block_type":"box","text":"5,035","page_number":173,"box":{"x":154,"y":877,"width":41,"height":10}},{"id":"f52d0237-785b-4522-a29b-f8ff2a81323a","block_type":"box","text":"Unilever","page_number":173,"box":{"x":230,"y":877,"width":61,"height":9}},{"id":"f18dae4b-09c4-4e25-a2ee-80d3f4d6ce04","block_type":"box","text":"232,617","page_number":173,"box":{"x":740,"y":877,"width":59,"height":10}},{"id":"ab4b3d58-034f-4bf7-a912-484af297ff4c","block_type":"box","text":"0.87","page_number":173,"box":{"x":925,"y":877,"width":31,"height":9}},{"id":"ee67a148-a64f-4345-8963-65fdb1eb8b29","block_type":"box","text":"1,974,475","page_number":173,"box":{"x":727,"y":895,"width":73,"height":10}},{"id":"91a34057-d745-41ec-b2a1-1d58c70cf6b4","block_type":"box","text":"7.40","page_number":173,"box":{"x":925,"y":895,"width":31,"height":9}},{"id":"94e606fd-1844-48eb-95e4-18d08b4d63fd","block_type":"box","text":"173","page_number":174,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"b20b1ed1-38cf-4122-abf8-311bde8d4bd2","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":174,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"96d48a9a-1e1f-4c59-9d25-3439b69f7642","block_type":"box","text":"Portfolio Statement (continued)","page_number":174,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"09df74cb-af93-4d09-84b7-4dc42aca3323","block_type":"box","text":"Holding/Nominal Value","page_number":174,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"d2a5e5ee-d229-4117-8527-6ab6ae54420f","block_type":"box","text":"Investment","page_number":174,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"1a79a181-684d-43c8-b2ae-ca4e755a2f7f","block_type":"box","text":"Market","page_number":174,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"5021ec64-73db-4652-a761-f94c6a7dbd6e","block_type":"box","text":"Value","page_number":174,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"701e9864-de59-42df-b523-e9395fc8e90d","block_type":"box","text":"£","page_number":174,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"ddf708f8-9353-4b92-abe9-f9bbd4f000e8","block_type":"box","text":"% of","page_number":174,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"3090d51a-30ff-4771-8783-07c67823cdc8","block_type":"box","text":"Net Assets","page_number":174,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"05a920bb-6bf8-4b43-ba99-affe1216fd18","block_type":"box","text":"Security","page_number":174,"box":{"x":42,"y":164,"width":66,"height":11}},{"id":"75249bec-082b-4902-8560-5deecd73fbad","block_type":"box","text":"11.47% (31 December 2025 - 11.42%)","page_number":174,"box":{"x":108,"y":164,"width":293,"height":11}},{"id":"c3ac0b8a-902f-4094-acae-459f7d2d7b56","block_type":"box","text":"21,376","page_number":174,"box":{"x":145,"y":183,"width":50,"height":10}},{"id":"fffb9b62-a4b0-4e5c-adec-e7a8cc1da453","block_type":"box","text":"Bank of Ireland Group","page_number":174,"box":{"x":230,"y":183,"width":163,"height":11}},{"id":"0c2fdcb8-9609-4c96-8666-36b136f36f63","block_type":"box","text":"316,879","page_number":174,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"305911aa-7d6f-4461-91a6-1fe428ad4367","block_type":"box","text":"1.19","page_number":174,"box":{"x":926,"y":183,"width":30,"height":9}},{"id":"c5ebf128-ff1b-4260-b39e-a46b4ac07b83","block_type":"box","text":"3,252","page_number":174,"box":{"x":154,"y":198,"width":41,"height":11}},{"id":"c7e98665-a1ff-445e-b418-841916a899d5","block_type":"box","text":"BNP Paribas","page_number":174,"box":{"x":230,"y":198,"width":94,"height":9}},{"id":"149010c7-531e-42cb-bb52-e03213bedc7b","block_type":"box","text":"285,988","page_number":174,"box":{"x":740,"y":198,"width":59,"height":11}},{"id":"37da8124-41eb-409a-8b5d-60411c551a69","block_type":"box","text":"1.07","page_number":174,"box":{"x":926,"y":198,"width":30,"height":9}},{"id":"726d265e-287b-436f-b517-9d3a28f5043f","block_type":"box","text":"5,169","page_number":174,"box":{"x":154,"y":214,"width":41,"height":10}},{"id":"cf830e73-f230-4aa3-8c58-af1adb49f34b","block_type":"box","text":"Citigroup","page_number":174,"box":{"x":230,"y":213,"width":65,"height":12}},{"id":"c6c33a36-e425-4971-80b3-3513b26ec768","block_type":"box","text":"541,492","page_number":174,"box":{"x":740,"y":214,"width":59,"height":10}},{"id":"aa772027-86bb-4f25-9b2c-9ad45287d4d6","block_type":"box","text":"2.03","page_number":174,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"205024d4-687e-4004-9783-a5b3cd352f9f","block_type":"box","text":"2,468","page_number":174,"box":{"x":154,"y":229,"width":41,"height":10}},{"id":"dfa0b61c-4b6a-4c8d-a29c-e7dd900788dc","block_type":"box","text":"CME Group","page_number":174,"box":{"x":230,"y":229,"width":87,"height":11}},{"id":"3de0ce20-90fd-4c58-85aa-9919a726ba82","block_type":"box","text":"437,062","page_number":174,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"f23e23fe-4f6d-42f5-be74-8ee41e55b64d","block_type":"box","text":"1.64","page_number":174,"box":{"x":926,"y":229,"width":30,"height":9}},{"id":"325cb8dc-39af-43f9-9f16-fff0fd1d4120","block_type":"box","text":"10,000","page_number":174,"box":{"x":146,"y":244,"width":49,"height":11}},{"id":"fb8ec7e2-5959-4f7c-bfce-50f5a26f56cc","block_type":"box","text":"DBS Group","page_number":174,"box":{"x":230,"y":244,"width":84,"height":11}},{"id":"37ab46c3-19c1-4f88-a01a-f00ad38f6551","block_type":"box","text":"386,075","page_number":174,"box":{"x":740,"y":244,"width":59,"height":11}},{"id":"f78f983b-c19c-47f7-97db-b2d0bf0e8e81","block_type":"box","text":"1.45","page_number":174,"box":{"x":926,"y":244,"width":31,"height":9}},{"id":"b85cf441-eab1-4f4d-8dd2-80591d4f0092","block_type":"box","text":"310","page_number":174,"box":{"x":168,"y":260,"width":27,"height":8}},{"id":"c5c567bd-f7e3-4ff7-90de-0f49832868c8","block_type":"box","text":"Deere & Company","page_number":174,"box":{"x":230,"y":260,"width":137,"height":11}},{"id":"798d6ba8-bd1b-4459-b483-adce5b035274","block_type":"box","text":"144,096","page_number":174,"box":{"x":741,"y":260,"width":58,"height":10}},{"id":"1c5792ac-e11c-4b26-859a-b50a558d24e9","block_type":"box","text":"0.54","page_number":174,"box":{"x":925,"y":260,"width":31,"height":8}},{"id":"fd44cef7-9072-44d3-8a1b-519513b3e939","block_type":"box","text":"10,423","page_number":174,"box":{"x":146,"y":275,"width":49,"height":10}},{"id":"a77b9fbe-8fa2-4bf0-82c4-a7ad12c40291","block_type":"box","text":"ING Groep","page_number":174,"box":{"x":230,"y":275,"width":79,"height":11}},{"id":"3c0d8481-3194-40dc-b250-91377333b5f8","block_type":"box","text":"252,593","page_number":174,"box":{"x":740,"y":275,"width":59,"height":10}},{"id":"45506e6a-dcb4-4112-96b9-4d67ef59c277","block_type":"box","text":"0.94","page_number":174,"box":{"x":925,"y":275,"width":31,"height":9}},{"id":"4910f10c-9966-4ff2-a4de-4d7c723eb852","block_type":"box","text":"1,207","page_number":174,"box":{"x":155,"y":290,"width":40,"height":11}},{"id":"fb1330cc-1f6a-40cc-8dec-0e506a54663f","block_type":"box","text":"JPMorgan Chase & Company","page_number":174,"box":{"x":229,"y":290,"width":222,"height":12}},{"id":"0ce1fde9-c06e-4b9c-819b-3e626a9b71c9","block_type":"box","text":"301,987","page_number":174,"box":{"x":740,"y":290,"width":59,"height":11}},{"id":"3b212970-0339-49cb-a8f9-6f0970989c1b","block_type":"box","text":"1.13","page_number":174,"box":{"x":926,"y":290,"width":30,"height":9}},{"id":"965454f1-8f12-4f03-884c-389fe77d049e","block_type":"box","text":"140","page_number":174,"box":{"x":169,"y":306,"width":26,"height":9}},{"id":"c913cccf-68f3-4c5b-ac95-43449be20545","block_type":"box","text":"MercadoLibre","page_number":174,"box":{"x":230,"y":306,"width":101,"height":9}},{"id":"18e78e38-c15d-43f7-a5d5-ff6fd8354360","block_type":"box","text":"184,764","page_number":174,"box":{"x":741,"y":306,"width":58,"height":10}},{"id":"5a680a47-ec0f-4ac4-9c8e-6e603922900f","block_type":"box","text":"0.69","page_number":174,"box":{"x":925,"y":306,"width":31,"height":9}},{"id":"d0a3dffc-1f9c-4442-a943-6d84d1856988","block_type":"box","text":"15,761","page_number":174,"box":{"x":146,"y":321,"width":47,"height":10}},{"id":"a8b3da1e-3209-40cd-a510-1986dea2f3ff","block_type":"box","text":"National Bank of Greece","page_number":174,"box":{"x":230,"y":321,"width":181,"height":9}},{"id":"356cc805-1bb3-4167-bf48-b29314608deb","block_type":"box","text":"212,242","page_number":174,"box":{"x":740,"y":321,"width":59,"height":10}},{"id":"e6e60507-1d62-47a5-b2d1-3652333e6b63","block_type":"box","text":"0.79","page_number":174,"box":{"x":925,"y":321,"width":31,"height":9}},{"id":"2a6bc5e0-b27b-47f0-9145-57f84c437bbd","block_type":"box","text":"3,063,178","page_number":174,"box":{"x":726,"y":339,"width":73,"height":10}},{"id":"b80c487e-0110-48ab-9136-f94aae999e6d","block_type":"box","text":"11.47","page_number":174,"box":{"x":917,"y":339,"width":39,"height":9}},{"id":"1aec9812-e630-4d82-95a4-09ee464deb72","block_type":"box","text":"Climate Change","page_number":174,"box":{"x":43,"y":370,"width":125,"height":11}},{"id":"283a5b52-c48c-4672-abdf-1e207f4c418e","block_type":"box","text":"3.35% (31 December 2025 - 3.40%)","page_number":174,"box":{"x":169,"y":370,"width":276,"height":11}},{"id":"c6890a22-85d8-495c-886d-9b3ee5dabd74","block_type":"box","text":"53,542","page_number":174,"box":{"x":145,"y":389,"width":50,"height":10}},{"id":"bc701064-9d9b-4a92-86e3-5164c69f1d9e","block_type":"box","text":"Gresham House Energy Storage Fund","page_number":174,"box":{"x":230,"y":389,"width":284,"height":11}},{"id":"8affd367-4761-4dc5-9278-70d08d2d37a8","block_type":"box","text":"48,188","page_number":174,"box":{"x":749,"y":389,"width":50,"height":10}},{"id":"8044b436-524f-4249-a6e8-50880a78155f","block_type":"box","text":"0.18","page_number":174,"box":{"x":925,"y":389,"width":31,"height":9}},{"id":"59f3835c-8ac9-4586-9362-e8aad1c44a53","block_type":"box","text":"8,294","page_number":174,"box":{"x":154,"y":404,"width":41,"height":10}},{"id":"6e8dfb0f-d01d-4722-96d5-b109bfef1a2a","block_type":"box","text":"Halma","page_number":174,"box":{"x":230,"y":404,"width":47,"height":9}},{"id":"2fcc3598-ee59-4c71-a345-2491af4124f2","block_type":"box","text":"332,755","page_number":174,"box":{"x":740,"y":404,"width":59,"height":10}},{"id":"a3c9b6ee-565b-45f9-90b1-7889973e0225","block_type":"box","text":"1.25","page_number":174,"box":{"x":926,"y":404,"width":31,"height":9}},{"id":"ff46b9e1-73c0-4a50-a256-ae4a3c6cb31c","block_type":"box","text":"829","page_number":174,"box":{"x":168,"y":419,"width":27,"height":9}},{"id":"2f3e1820-7246-4612-938a-1791b4a0539d","block_type":"box","text":"Linde","page_number":174,"box":{"x":230,"y":420,"width":39,"height":8}},{"id":"975701d5-7629-44d5-aead-f3004ebd8918","block_type":"box","text":"339,091","page_number":174,"box":{"x":740,"y":419,"width":57,"height":11}},{"id":"93094d0f-8ac5-426a-ade2-3a1488067a31","block_type":"box","text":"1.27","page_number":174,"box":{"x":926,"y":419,"width":30,"height":9}},{"id":"65cbf457-f964-42c9-a249-ee0f8280f439","block_type":"box","text":"349","page_number":174,"box":{"x":168,"y":435,"width":27,"height":9}},{"id":"d40c3d62-f816-4dc9-9788-8f0697d392af","block_type":"box","text":"Quanta Services","page_number":174,"box":{"x":230,"y":435,"width":122,"height":9}},{"id":"116e4324-00d2-4ac1-b4cb-20bb97bc00a9","block_type":"box","text":"174,514","page_number":174,"box":{"x":741,"y":435,"width":58,"height":10}},{"id":"f0037cbf-2594-4d2d-bf7b-07a6a447a107","block_type":"box","text":"0.65","page_number":174,"box":{"x":925,"y":435,"width":32,"height":9}},{"id":"860bd7d8-686c-43e1-a7c3-57ff360186f0","block_type":"box","text":"894,548","page_number":174,"box":{"x":740,"y":453,"width":59,"height":10}},{"id":"6ec49136-ad23-433b-a3ec-383f26047702","block_type":"box","text":"3.35","page_number":174,"box":{"x":925,"y":453,"width":32,"height":8}},{"id":"ee66a4fa-4d05-4702-9f03-e3fb7a835b6b","block_type":"box","text":"Sustained Income","page_number":174,"box":{"x":42,"y":484,"width":143,"height":9}},{"id":"1bcfe26d-0ec3-4732-b145-a01faf049e77","block_type":"box","text":"0.67% (31 December 2025 - 3.40%)","page_number":174,"box":{"x":186,"y":484,"width":276,"height":11}},{"id":"2af07d63-e4b1-40a5-a660-6fa2c664b96d","block_type":"box","text":"25,111","page_number":174,"box":{"x":147,"y":502,"width":46,"height":11}},{"id":"d9656c6d-c461-461f-85a0-15333df65c96","block_type":"box","text":"HgCapital Trust","page_number":174,"box":{"x":230,"y":502,"width":115,"height":12}},{"id":"33df51a5-239f-41aa-87c5-31ccc959ed97","block_type":"box","text":"97,305","page_number":174,"box":{"x":749,"y":502,"width":50,"height":11}},{"id":"249909bc-235b-49ad-bf0f-e07c9bca07ae","block_type":"box","text":"0.37","page_number":174,"box":{"x":925,"y":502,"width":31,"height":9}},{"id":"6ac281db-b145-4b0c-9f0b-25f81763e4fe","block_type":"box","text":"111,750","page_number":174,"box":{"x":139,"y":518,"width":56,"height":10}},{"id":"081a4f07-0225-4ea7-9e59-2492e282a012","block_type":"box","text":"Renewables Infrastructure Group","page_number":174,"box":{"x":230,"y":518,"width":246,"height":11}},{"id":"b56b04fd-a261-44cd-8906-f26135bdeb8d","block_type":"box","text":"80,907","page_number":174,"box":{"x":749,"y":518,"width":50,"height":10}},{"id":"fb4d0f14-7c27-4c69-bca5-25fa47e0e7ae","block_type":"box","text":"0.30","page_number":174,"box":{"x":925,"y":518,"width":31,"height":9}},{"id":"23f06970-8680-4cd7-a4ba-237567af62a4","block_type":"box","text":"178,212","page_number":174,"box":{"x":741,"y":536,"width":58,"height":10}},{"id":"9db19e78-df66-434e-83d4-904882b8cb0a","block_type":"box","text":"0.67","page_number":174,"box":{"x":925,"y":536,"width":31,"height":8}},{"id":"be4129bd-eaa7-48ca-8ae0-e0e696deb1ac","block_type":"box","text":"Global Exchange Traded Funds","page_number":174,"box":{"x":43,"y":567,"width":249,"height":11}},{"id":"7adb539a-26b9-40ab-bf46-8967dd4d3e4b","block_type":"box","text":"5.38% (31 December 2025 - 1.52%)","page_number":174,"box":{"x":297,"y":567,"width":271,"height":11}},{"id":"82d9cd40-ebd8-41b4-a7b0-979f71715877","block_type":"box","text":"11,344","page_number":174,"box":{"x":147,"y":585,"width":48,"height":11}},{"id":"c1671041-65a3-4829-835e-3bab7bc96156","block_type":"box","text":"iShares JP Morgan EM Local Government Bond UCITS","page_number":174,"box":{"x":230,"y":585,"width":417,"height":12}},{"id":"589ec205-9720-42a6-ba73-29a77c6bb494","block_type":"box","text":"ETF","page_number":174,"box":{"x":230,"y":600,"width":30,"height":8}},{"id":"1662b96f-741a-4c56-9ce2-87066b86bc12","block_type":"box","text":"393,972","page_number":174,"box":{"x":740,"y":600,"width":59,"height":10}},{"id":"089aa1ae-9bc4-4c88-b305-b6e247b04369","block_type":"box","text":"1.47","page_number":174,"box":{"x":926,"y":600,"width":30,"height":8}},{"id":"cce738a4-2f49-4ba1-9d04-32103c915485","block_type":"box","text":"62,919","page_number":174,"box":{"x":145,"y":615,"width":50,"height":10}},{"id":"4eb6efcf-0c94-4012-b569-abd2bcef44e7","block_type":"box","text":"iShares MSCI Global Semiconductors UCITS ETF","page_number":174,"box":{"x":230,"y":615,"width":371,"height":9}},{"id":"0cc4da02-cf9c-4add-af13-e6ca417200c2","block_type":"box","text":"1,043,197","page_number":174,"box":{"x":727,"y":615,"width":72,"height":10}},{"id":"62b647aa-9921-4b5e-a032-1345eedf3966","block_type":"box","text":"3.91","page_number":174,"box":{"x":925,"y":615,"width":29,"height":9}},{"id":"6948e0dd-1682-4250-ac54-87b7205f16f3","block_type":"box","text":"1,437,169","page_number":174,"box":{"x":727,"y":633,"width":72,"height":10}},{"id":"c4f2c55b-509f-42da-bb72-4bda934b80ea","block_type":"box","text":"5.38","page_number":174,"box":{"x":925,"y":633,"width":31,"height":9}},{"id":"65f1af0b-e7c0-49ab-8f67-e35e2efeeb3a","block_type":"box","text":"Global Exchange Traded Commodities","page_number":174,"box":{"x":43,"y":664,"width":305,"height":11}},{"id":"04689abf-fe02-454e-a2f3-563eaeb03fe7","block_type":"box","text":"0.78% (31 December 2025 - 3.49%)","page_number":174,"box":{"x":353,"y":664,"width":271,"height":11}},{"id":"7366d714-e49e-40ac-a523-78b47b78c9d1","block_type":"box","text":"468","page_number":174,"box":{"x":168,"y":683,"width":27,"height":8}},{"id":"8e4cedfb-9d99-4197-b423-10e63e53741a","block_type":"box","text":"Invesco Physical Gold","page_number":174,"box":{"x":230,"y":683,"width":163,"height":11}},{"id":"ce83e04b-411d-4839-a343-9a0115721c3f","block_type":"box","text":"140,447","page_number":174,"box":{"x":741,"y":683,"width":58,"height":10}},{"id":"e9f522ff-91dc-4b8a-b776-67fa3d2fe8f8","block_type":"box","text":"0.53","page_number":174,"box":{"x":925,"y":683,"width":31,"height":8}},{"id":"ae12c1b6-6d69-4e56-98ac-5ac1b5f77132","block_type":"box","text":"4,724","page_number":174,"box":{"x":154,"y":698,"width":41,"height":10}},{"id":"8d527876-1eb5-4af5-b7af-39a47ee63b80","block_type":"box","text":"WisdomTree Industrial Metals","page_number":174,"box":{"x":229,"y":698,"width":221,"height":9}},{"id":"a9bffa85-8d44-451b-9d20-2465a769df67","block_type":"box","text":"66,346","page_number":174,"box":{"x":749,"y":698,"width":50,"height":10}},{"id":"3710cb03-5e54-4cf5-a320-49e10793c45c","block_type":"box","text":"0.25","page_number":174,"box":{"x":925,"y":698,"width":32,"height":9}},{"id":"99e623f1-2c17-4fdf-9e2d-f6d5007ad993","block_type":"box","text":"206,793","page_number":174,"box":{"x":740,"y":716,"width":59,"height":10}},{"id":"0c5b133f-b3d5-4866-89a0-f010c7b1e8bf","block_type":"box","text":"0.78","page_number":174,"box":{"x":925,"y":716,"width":31,"height":9}},{"id":"7598e7f2-6696-4faa-8547-41452f36474f","block_type":"box","text":"Global Collective Investment Schemes","page_number":174,"box":{"x":43,"y":747,"width":306,"height":9}},{"id":"04797d11-7e49-4bf6-b295-6a7c7847a205","block_type":"box","text":"3.86% (31 December 2025 - 1.52%)","page_number":174,"box":{"x":354,"y":747,"width":271,"height":11}},{"id":"ba67381f-aade-4550-b8a5-0fb45bf6b9bd","block_type":"box","text":"346","page_number":174,"box":{"x":168,"y":766,"width":27,"height":8}},{"id":"8a0c1338-170d-46e5-909e-36568dfa225e","block_type":"box","text":"AQR UCITS Funds - AQR Managed Futures UCITS Fund","page_number":174,"box":{"x":229,"y":766,"width":426,"height":11}},{"id":"7e5fd773-34ad-416a-bfc2-b1e45b953ef3","block_type":"box","text":"52,609","page_number":174,"box":{"x":749,"y":766,"width":50,"height":10}},{"id":"fec68053-0c9d-49d5-8c39-d3eea44e5942","block_type":"box","text":"0.20","page_number":174,"box":{"x":925,"y":766,"width":31,"height":8}},{"id":"ff866ff8-9721-4615-a3f3-61e996fc88b5","block_type":"box","text":"2,461","page_number":174,"box":{"x":154,"y":781,"width":39,"height":10}},{"id":"073b3bd1-7922-4c34-862e-3ce79b5a885e","block_type":"box","text":"Coremont Investment Fund - Brevan Howard Absolute","page_number":174,"box":{"x":230,"y":781,"width":401,"height":9}},{"id":"aaea417d-500d-4686-9231-f89e73ead512","block_type":"box","text":"Return Government Bond Fund 'A' GBP Accumulation","page_number":174,"box":{"x":230,"y":795,"width":399,"height":9}},{"id":"0a7f6599-4aef-4686-abd2-2f6082819b55","block_type":"box","text":"377,282","page_number":174,"box":{"x":740,"y":795,"width":59,"height":11}},{"id":"219c7260-aa74-4646-851e-573cc46c8243","block_type":"box","text":"1.41","page_number":174,"box":{"x":926,"y":795,"width":28,"height":9}},{"id":"192229ed-4996-43fe-8513-4ab12372a2d6","block_type":"box","text":"659","page_number":174,"box":{"x":168,"y":811,"width":27,"height":8}},{"id":"d201afda-1028-40af-8cf2-4f21ee15ecfb","block_type":"box","text":"Fulcrum Equity Dispersion Fund Class 'I' GBP","page_number":174,"box":{"x":230,"y":811,"width":340,"height":11}},{"id":"71aac8e8-679d-451a-a83b-36a11551ebea","block_type":"box","text":"Accumulation","page_number":174,"box":{"x":229,"y":825,"width":100,"height":9}},{"id":"5a5c8eb9-aefe-4648-859d-fce3604ff8ad","block_type":"box","text":"111,128","page_number":174,"box":{"x":744,"y":825,"width":55,"height":10}},{"id":"f10ebf97-449c-4a19-8f80-96783b86caf6","block_type":"box","text":"0.42","page_number":174,"box":{"x":925,"y":825,"width":31,"height":9}},{"id":"43ba183b-9ab8-4170-97a6-ff0a0910a809","block_type":"box","text":"322","page_number":174,"box":{"x":168,"y":840,"width":27,"height":9}},{"id":"a92a5d77-a9eb-467b-a978-62a927986a9d","block_type":"box","text":"Leadenhall UCITS ILS 'H6' GBP Accumulation","page_number":174,"box":{"x":230,"y":840,"width":342,"height":9}},{"id":"0859ac91-f945-40b4-946c-c299add8d4d2","block_type":"box","text":"32,952","page_number":174,"box":{"x":749,"y":840,"width":50,"height":11}},{"id":"5e393095-34b6-4f16-af56-8c9bd44cfda2","block_type":"box","text":"0.12","page_number":174,"box":{"x":925,"y":840,"width":31,"height":9}},{"id":"217cc306-1a55-455b-a2fc-5cf51061bb81","block_type":"box","text":"429","page_number":174,"box":{"x":168,"y":856,"width":27,"height":8}},{"id":"8a968203-2dca-4e9c-99d9-f7e3577ade9d","block_type":"box","text":"Nordea 1 SICAV - US High Yield Sustainable Stars Bond","page_number":174,"box":{"x":230,"y":855,"width":425,"height":12}},{"id":"6e145c26-ff0d-4fdf-909e-1a0dca0b6a75","block_type":"box","text":"Fund","page_number":174,"box":{"x":230,"y":870,"width":36,"height":9}},{"id":"61c70287-fbed-46bd-95ca-9d5a633d2409","block_type":"box","text":"41,931","page_number":174,"box":{"x":749,"y":870,"width":48,"height":10}},{"id":"d70b1770-1031-4cde-8052-febb72cdde6b","block_type":"box","text":"0.16","page_number":174,"box":{"x":925,"y":870,"width":31,"height":9}},{"id":"9a7105e2-1588-4a7d-89fc-c2cacb5c3398","block_type":"box","text":"2,862","page_number":174,"box":{"x":154,"y":885,"width":41,"height":11}},{"id":"a4f821f2-ed9d-4319-9c17-088c24123fef","block_type":"box","text":"Storebrand Emerging Market","page_number":174,"box":{"x":230,"y":885,"width":214,"height":11}},{"id":"efe13b46-ff35-4f8d-9a60-f696f30146cb","block_type":"box","text":"380,162","page_number":174,"box":{"x":740,"y":885,"width":59,"height":11}},{"id":"0fc3ec64-8805-44c6-92e6-96b2fe57ea88","block_type":"box","text":"1.43","page_number":174,"box":{"x":926,"y":885,"width":30,"height":9}},{"id":"bbb8a22d-6452-4194-b677-904b8b3d9da5","block_type":"box","text":"174","page_number":175,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"01faea01-c24a-4f2f-80ac-85f85b5002fa","block_type":"box","text":"175","page_number":175,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"479621ef-0531-4d31-bab4-9b480bf9d7a7","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":175,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"d0b4930a-04f9-4385-94c0-978d479a454e","block_type":"box","text":"Portfolio Statement (continued)","page_number":175,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"7310269a-3280-405c-a2c8-77240681daf7","block_type":"box","text":"Holding/Nominal Value","page_number":175,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"951e7eda-2828-4622-ac88-0f057e42e1ca","block_type":"box","text":"Investment","page_number":175,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"8bf7b70b-e619-4d87-a98f-26754893eff4","block_type":"box","text":"Market","page_number":175,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"8b5f69de-fc02-48ab-8ee8-36487c7d3e9d","block_type":"box","text":"Value","page_number":175,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"ba92ea9d-c2ee-41a2-9214-f5d24b16af67","block_type":"box","text":"£","page_number":175,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"48643f30-3de2-4198-8a40-43e5c1af784e","block_type":"box","text":"% of","page_number":175,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"08051702-8db3-4105-9fcd-24f1587ffcd3","block_type":"box","text":"Net Assets","page_number":175,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"46305d9d-efb8-4e15-8172-5c4ad3c6ebb5","block_type":"box","text":"Global Collective Investment Schemes (continued)","page_number":175,"box":{"x":43,"y":164,"width":402,"height":11}},{"id":"8979804a-6c73-452d-b9eb-280ca37f898e","block_type":"box","text":"222","page_number":175,"box":{"x":168,"y":183,"width":27,"height":8}},{"id":"53a3b28f-30f7-4d23-a8ac-0d553dfba857","block_type":"box","text":"Twelve Capital UCITS ICAV - Twelve Cat Bond Fund 'S13'","page_number":175,"box":{"x":229,"y":183,"width":437,"height":11}},{"id":"410db62f-8f19-4365-b238-3381548c0c1e","block_type":"box","text":"GBP Accumulation","page_number":175,"box":{"x":230,"y":197,"width":137,"height":9}},{"id":"e02b74d5-da5b-4930-b0db-73f73b39a5cc","block_type":"box","text":"32,728","page_number":175,"box":{"x":749,"y":197,"width":50,"height":10}},{"id":"b924a4be-9852-4f88-89e2-318ac50e3d23","block_type":"box","text":"0.12","page_number":175,"box":{"x":925,"y":197,"width":31,"height":9}},{"id":"1a79caf0-e287-409f-9b46-939b9927babe","block_type":"box","text":"1,028,792","page_number":175,"box":{"x":727,"y":215,"width":72,"height":10}},{"id":"b564b5b5-7c4f-460b-8cfb-95ed5693ede9","block_type":"box","text":"3.86","page_number":175,"box":{"x":925,"y":215,"width":32,"height":9}},{"id":"989b309c-1cf8-49d7-bf10-82628dfb26f2","block_type":"box","text":"Other Corporate Bonds","page_number":175,"box":{"x":43,"y":246,"width":185,"height":11}},{"id":"c1e85e52-5f85-4c12-9d31-06ef57c5c044","block_type":"box","text":"0.20% (31 December 2025 - 0.23%)","page_number":175,"box":{"x":228,"y":246,"width":277,"height":11}},{"id":"4efbc29a-bf87-4e76-9da4-46f8b4944c47","block_type":"box","text":"CAD100,000","page_number":175,"box":{"x":100,"y":265,"width":95,"height":10}},{"id":"dac866f5-837e-47eb-8f64-d85e4b89e29a","block_type":"box","text":"Brookfield Renewable Partners 3.38% 15/01/2030","page_number":175,"box":{"x":230,"y":265,"width":371,"height":9}},{"id":"f6ac5f5a-9d93-49cd-adf6-1277e9df1c91","block_type":"box","text":"52,308","page_number":175,"box":{"x":749,"y":265,"width":50,"height":10}},{"id":"9900c86b-e89c-4ffc-8f82-c3f72d68b5d9","block_type":"box","text":"0.20","page_number":175,"box":{"x":925,"y":265,"width":31,"height":9}},{"id":"656e75fe-aa9f-459a-b973-5d93f22ce754","block_type":"box","text":"52,308","page_number":175,"box":{"x":750,"y":283,"width":49,"height":10}},{"id":"c1642b0d-6836-4af0-ac9a-d0daf8c4a3aa","block_type":"box","text":"0.20","page_number":175,"box":{"x":925,"y":283,"width":31,"height":8}},{"id":"d264fcb5-0549-4832-be6d-fd9b505166ec","block_type":"box","text":"Sterling Asset Backed","page_number":175,"box":{"x":42,"y":314,"width":175,"height":11}},{"id":"ac4c048c-3125-4f04-be50-8c7502ad85ff","block_type":"box","text":"1.49% (31 December 2025 - 2.23%)","page_number":175,"box":{"x":219,"y":314,"width":276,"height":11}},{"id":"89a9f654-44d1-4b38-97a4-b115abe05b50","block_type":"box","text":"£43,333","page_number":175,"box":{"x":135,"y":332,"width":60,"height":11}},{"id":"cd41a17b-c9b4-4954-a722-8aecc29ba918","block_type":"box","text":"Arqiva Financing 4.882% 31/12/2032","page_number":175,"box":{"x":229,"y":332,"width":274,"height":11}},{"id":"3da20b49-ec53-4f6a-9dea-e2c64eff9556","block_type":"box","text":"41,950","page_number":175,"box":{"x":749,"y":332,"width":50,"height":11}},{"id":"ea576abc-3905-4799-b190-a8086c9e7632","block_type":"box","text":"0.16","page_number":175,"box":{"x":925,"y":332,"width":31,"height":9}},{"id":"b5901f53-3c22-4fd0-bb80-237449d2dc8e","block_type":"box","text":"£61,889","page_number":175,"box":{"x":135,"y":348,"width":60,"height":10}},{"id":"556b6ad8-6d14-4ed5-b771-838bccaad24c","block_type":"box","text":"Greater Gabbard OFTO 4.137% 29/11/2032","page_number":175,"box":{"x":230,"y":348,"width":325,"height":9}},{"id":"713a3bef-022c-4c9e-b063-e4983af4c774","block_type":"box","text":"59,945","page_number":175,"box":{"x":749,"y":348,"width":50,"height":10}},{"id":"3b9eb4d4-08ab-424f-8c95-1b2292d85155","block_type":"box","text":"0.22","page_number":175,"box":{"x":925,"y":348,"width":31,"height":8}},{"id":"e16fbd12-c807-462f-8a1a-d999780ff36f","block_type":"box","text":"£130,000","page_number":175,"box":{"x":126,"y":363,"width":69,"height":10}},{"id":"8e4c7958-d16c-44bc-957b-3741c4af2e3e","block_type":"box","text":"Jigsaw Funding 3.375% 05/05/2052","page_number":175,"box":{"x":229,"y":363,"width":266,"height":11}},{"id":"3da517b9-19ef-4e61-83ee-7607ff04a205","block_type":"box","text":"81,745","page_number":175,"box":{"x":749,"y":363,"width":50,"height":10}},{"id":"5533aa15-c24e-4329-b1b6-0c7a9a084b94","block_type":"box","text":"0.31","page_number":175,"box":{"x":925,"y":363,"width":29,"height":9}},{"id":"a2eb51d9-333d-42db-9094-0afb3bb8b620","block_type":"box","text":"£50,000","page_number":175,"box":{"x":135,"y":378,"width":60,"height":11}},{"id":"a65f4c21-d2de-4904-9124-ef4278055a5b","block_type":"box","text":"Retail Charity Bonds 3.25% 22/07/2031","page_number":175,"box":{"x":230,"y":378,"width":290,"height":12}},{"id":"83aefed1-c80d-44b6-b029-42ff51146f72","block_type":"box","text":"41,623","page_number":175,"box":{"x":749,"y":378,"width":50,"height":11}},{"id":"3964a744-3530-41b3-98b5-3e6466ac76eb","block_type":"box","text":"0.16","page_number":175,"box":{"x":925,"y":379,"width":31,"height":8}},{"id":"7f99896b-5c88-4761-90b4-d04e640a4181","block_type":"box","text":"£78,182","page_number":175,"box":{"x":135,"y":394,"width":60,"height":10}},{"id":"b003d742-1e9b-48f7-a0d5-50b4c92830e4","block_type":"box","text":"TC Dudgeon OFTO 3.158% 12/11/2038","page_number":175,"box":{"x":229,"y":394,"width":294,"height":11}},{"id":"59ce4f2e-63b8-4ac8-9641-a711febd5f9e","block_type":"box","text":"67,853","page_number":175,"box":{"x":749,"y":394,"width":50,"height":10}},{"id":"549afe09-0d79-4a64-b6f7-8480c0ec4008","block_type":"box","text":"0.25","page_number":175,"box":{"x":925,"y":394,"width":32,"height":9}},{"id":"63bd516d-d357-46c7-966a-177fea98fbd6","block_type":"box","text":"£112,283","page_number":175,"box":{"x":127,"y":409,"width":68,"height":10}},{"id":"08cee82f-c21b-47a2-b21d-3f8eed807ac0","block_type":"box","text":"Wods Transmission 3.446% 24/08/2034","page_number":175,"box":{"x":229,"y":409,"width":296,"height":9}},{"id":"ee641c42-7df3-488f-ba07-a1b19c9208a1","block_type":"box","text":"104,527","page_number":175,"box":{"x":741,"y":409,"width":58,"height":10}},{"id":"9e6fc129-38a2-4898-9101-ab3788eba5cc","block_type":"box","text":"0.39","page_number":175,"box":{"x":925,"y":409,"width":31,"height":9}},{"id":"a8c5180a-756e-49d2-a67a-2b6796f24cb0","block_type":"box","text":"397,643","page_number":175,"box":{"x":740,"y":427,"width":59,"height":11}},{"id":"2450b4fb-682b-4356-98ef-42c2bf3fcfad","block_type":"box","text":"1.49","page_number":175,"box":{"x":926,"y":427,"width":30,"height":9}},{"id":"57ddb097-6882-4ef0-8e4f-d418016f7017","block_type":"box","text":"Sterling Corporate Bonds","page_number":175,"box":{"x":42,"y":458,"width":203,"height":11}},{"id":"25883378-73f3-42fa-be46-e8325815cbfc","block_type":"box","text":"4.34% (31 December 2025 - 4.50%)","page_number":175,"box":{"x":246,"y":458,"width":277,"height":11}},{"id":"ec2e353d-cc69-4f22-b616-41b0ebdd2fcf","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":477,"width":69,"height":10}},{"id":"807b9a5a-d030-4de1-a599-56a220e54021","block_type":"box","text":"Alphabet 4.625% 13/11/2032","page_number":175,"box":{"x":229,"y":477,"width":214,"height":11}},{"id":"e1196262-d464-47b8-b732-6d33ede9391e","block_type":"box","text":"98,418","page_number":175,"box":{"x":749,"y":477,"width":50,"height":10}},{"id":"c1e71710-0609-42c5-a6ba-d09e80976f75","block_type":"box","text":"0.37","page_number":175,"box":{"x":925,"y":477,"width":31,"height":9}},{"id":"6d85320a-c640-40ef-b873-e97fd2ebd453","block_type":"box","text":"£50,000","page_number":175,"box":{"x":135,"y":492,"width":60,"height":10}},{"id":"45cfb98d-14fc-4b2e-a964-5bbd78a73066","block_type":"box","text":"AT&T 7.00% 30/04/2040","page_number":175,"box":{"x":229,"y":492,"width":181,"height":9}},{"id":"7d5ecfc0-9101-4cfd-8b3e-9c05b689f58f","block_type":"box","text":"53,033","page_number":175,"box":{"x":749,"y":492,"width":50,"height":10}},{"id":"30337a94-6094-4ee7-a918-94416f463ccd","block_type":"box","text":"0.20","page_number":175,"box":{"x":925,"y":492,"width":31,"height":9}},{"id":"b78edd19-f310-436d-a268-5e2ed911b89e","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":507,"width":69,"height":11}},{"id":"97e65bdd-f051-4cc9-8a35-85f3f7008b2c","block_type":"box","text":"Aviva 4.00% 03/06/2055","page_number":175,"box":{"x":229,"y":507,"width":181,"height":9}},{"id":"5fb8b1c4-ffcd-4475-977c-3f47783adc76","block_type":"box","text":"86,197","page_number":175,"box":{"x":749,"y":507,"width":50,"height":11}},{"id":"801ba406-a2db-4ff2-9b3f-cfd2ab22fbf6","block_type":"box","text":"0.32","page_number":175,"box":{"x":925,"y":507,"width":31,"height":9}},{"id":"0c56f479-ade1-4b8a-b984-cdbbdef49f13","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":523,"width":69,"height":10}},{"id":"65ec3941-0258-4488-be66-9aaac80c52e7","block_type":"box","text":"Comcast 1.875% 20/02/2036","page_number":175,"box":{"x":230,"y":523,"width":215,"height":9}},{"id":"96589c47-bf22-464b-8b27-ab9d1d648481","block_type":"box","text":"71,921","page_number":175,"box":{"x":750,"y":523,"width":47,"height":10}},{"id":"ae1d0ccb-746b-47bc-809c-eb2e5ac89646","block_type":"box","text":"0.27","page_number":175,"box":{"x":925,"y":523,"width":31,"height":9}},{"id":"cdce87ff-525e-4d97-91ff-b743b55fb86a","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":538,"width":69,"height":11}},{"id":"5e521fc7-e87f-424c-985e-363c73f6925d","block_type":"box","text":"Coventry Building Society 2.00% 20/12/2030","page_number":175,"box":{"x":230,"y":538,"width":330,"height":11}},{"id":"e616c9ba-3c6d-427e-a3f5-1cc0964768ef","block_type":"box","text":"88,530","page_number":175,"box":{"x":749,"y":538,"width":50,"height":11}},{"id":"6fe88503-bb63-46e8-8b42-a1d01af9721a","block_type":"box","text":"0.33","page_number":175,"box":{"x":925,"y":538,"width":31,"height":9}},{"id":"cc7185de-0ed8-470d-a75e-9a1aaf5646d1","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":553,"width":69,"height":11}},{"id":"a77503e8-860f-44c8-99f7-f25299bb12ea","block_type":"box","text":"Credit Agricole 5.375% 20/12/2037","page_number":175,"box":{"x":230,"y":553,"width":258,"height":12}},{"id":"c2579908-6b90-42a7-936d-4e42b8f6a58d","block_type":"box","text":"97,654","page_number":175,"box":{"x":749,"y":554,"width":50,"height":10}},{"id":"7b073028-68d2-469a-8b18-cac5e7b736f6","block_type":"box","text":"0.37","page_number":175,"box":{"x":925,"y":554,"width":31,"height":8}},{"id":"2d51db3e-29cf-4592-8ea7-c0eb8af7b685","block_type":"box","text":"£150,000","page_number":175,"box":{"x":126,"y":569,"width":69,"height":10}},{"id":"56a673e2-3b66-46fe-a59e-ddb75472b029","block_type":"box","text":"Legal & General Group 3.75% 26/11/2049","page_number":175,"box":{"x":230,"y":569,"width":311,"height":11}},{"id":"cc1cd26f-0c0f-47c5-8992-5f4ac7d67731","block_type":"box","text":"142,553","page_number":175,"box":{"x":741,"y":569,"width":58,"height":10}},{"id":"147deeb1-3839-4898-bb29-18c2e776371d","block_type":"box","text":"0.53","page_number":175,"box":{"x":925,"y":569,"width":31,"height":9}},{"id":"10a16543-e605-4b36-831b-f7d79935327e","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":584,"width":69,"height":11}},{"id":"79b618e7-ef11-42da-952e-f15750088a3c","block_type":"box","text":"Motability Operations Group 6.25% 22/01/2045","page_number":175,"box":{"x":230,"y":584,"width":348,"height":11}},{"id":"180bd3de-9d4c-44b6-a1ce-2b5536c9f1e4","block_type":"box","text":"97,489","page_number":175,"box":{"x":749,"y":584,"width":50,"height":11}},{"id":"fa1fa4b6-ae82-4bfa-8385-6fb3cf24e070","block_type":"box","text":"0.37","page_number":175,"box":{"x":925,"y":584,"width":31,"height":9}},{"id":"6faf3752-4205-40b5-a91d-1c5fdffb7bb4","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":600,"width":69,"height":10}},{"id":"5f2234b6-9c60-40ac-905f-4cf4cccb9728","block_type":"box","text":"Nationwide Building Society 5.50% 14/07/2036","page_number":175,"box":{"x":230,"y":600,"width":346,"height":11}},{"id":"a1a42392-d59d-4ebb-b2e7-4d3c8ad859ec","block_type":"box","text":"99,793","page_number":175,"box":{"x":749,"y":600,"width":50,"height":10}},{"id":"eece0566-45a9-41f3-9d6b-32d74f6cabb0","block_type":"box","text":"0.37","page_number":175,"box":{"x":925,"y":600,"width":31,"height":8}},{"id":"6fe1bd04-b9b7-4ee8-b46f-2d04f6570dce","block_type":"box","text":"£115,000","page_number":175,"box":{"x":127,"y":615,"width":68,"height":10}},{"id":"a6268b64-7222-48e3-9cea-d5ff28032f5f","block_type":"box","text":"Nationwide Building Society 6.178% 07/12/2027","page_number":175,"box":{"x":230,"y":615,"width":356,"height":11}},{"id":"1dcd17b2-4961-4c4c-8c94-5a2bbc51b02f","block_type":"box","text":"115,768","page_number":175,"box":{"x":743,"y":615,"width":56,"height":10}},{"id":"97e2c29c-fe25-4c10-a22e-daa6bf19d519","block_type":"box","text":"0.43","page_number":175,"box":{"x":925,"y":615,"width":31,"height":9}},{"id":"452deabc-4764-49e6-a1c4-3132b0af2c18","block_type":"box","text":"£50,000","page_number":175,"box":{"x":135,"y":630,"width":60,"height":11}},{"id":"3aa1b285-8e73-44d2-be66-ca37e7d5d5aa","block_type":"box","text":"Retail Charity Bonds 3.50% 08/12/2033","page_number":175,"box":{"x":230,"y":630,"width":292,"height":12}},{"id":"ccde8a08-a19d-461e-aa70-40b91fd7a75a","block_type":"box","text":"43,883","page_number":175,"box":{"x":749,"y":630,"width":50,"height":11}},{"id":"d10f0f5d-6109-404d-aa97-c588f509fd4a","block_type":"box","text":"0.17","page_number":175,"box":{"x":925,"y":630,"width":31,"height":9}},{"id":"ca25ed43-67a1-4608-89e9-b2af2a662f61","block_type":"box","text":"£100,000","page_number":175,"box":{"x":126,"y":646,"width":69,"height":10}},{"id":"7c471454-9098-4e92-a275-95227f5df05b","block_type":"box","text":"University of Leeds 3.125% 19/12/2050","page_number":175,"box":{"x":230,"y":646,"width":291,"height":11}},{"id":"b513e3a2-2e47-473c-8da9-b6db75b381a2","block_type":"box","text":"61,929","page_number":175,"box":{"x":749,"y":646,"width":50,"height":10}},{"id":"79e501e2-d7fa-48a9-a851-94df03b93461","block_type":"box","text":"0.23","page_number":175,"box":{"x":925,"y":646,"width":31,"height":9}},{"id":"f9e937dc-ac46-46a6-a31c-dab5568ee9b1","block_type":"box","text":"£104,000","page_number":175,"box":{"x":126,"y":661,"width":69,"height":10}},{"id":"2b27fca7-ead1-4f6e-bec9-922d7f40c5e9","block_type":"box","text":"Verizon Communications 5.743% 15/08/2056","page_number":175,"box":{"x":229,"y":661,"width":335,"height":9}},{"id":"ffb50c05-d9bb-48fc-bd2d-44f92b3e0cb8","block_type":"box","text":"102,284","page_number":175,"box":{"x":741,"y":661,"width":58,"height":10}},{"id":"ced94d45-fc99-47a7-8107-81083d81056a","block_type":"box","text":"0.38","page_number":175,"box":{"x":925,"y":661,"width":31,"height":9}},{"id":"c7e9faf1-57e0-43b6-a45e-0cfc196bc27f","block_type":"box","text":"1,159,452","page_number":175,"box":{"x":727,"y":679,"width":72,"height":11}},{"id":"652be719-d7b8-4611-a37e-43b11e6ce852","block_type":"box","text":"4.34","page_number":175,"box":{"x":925,"y":679,"width":32,"height":9}},{"id":"1e07c7a8-88be-44f0-959a-2ebdc58990ee","block_type":"box","text":"Sterling Government Agencies, Supra","page_number":175,"box":{"x":42,"y":710,"width":301,"height":11}},{"id":"2c22c64b-e60a-4f1e-b545-e101ac2b4360","block_type":"box","text":"1.24% (31 December 2025 - 1.83%)","page_number":175,"box":{"x":350,"y":710,"width":270,"height":11}},{"id":"33b51bd8-fa98-4db8-8917-e88e6711b615","block_type":"box","text":"£320,000","page_number":175,"box":{"x":126,"y":729,"width":69,"height":10}},{"id":"7836acb0-eac8-4445-8ce4-bc9f6c60485b","block_type":"box","text":"Kreditanstalt fuer Wiederaufbau 6.00% 07/12/2028","page_number":175,"box":{"x":230,"y":729,"width":375,"height":9}},{"id":"716d2c6b-5ed6-47e4-a8f0-b89b8fe752be","block_type":"box","text":"332,395","page_number":175,"box":{"x":740,"y":729,"width":59,"height":10}},{"id":"9ed2be99-fe79-4fb3-affb-50c05ef40f8c","block_type":"box","text":"1.24","page_number":175,"box":{"x":926,"y":729,"width":30,"height":8}},{"id":"94f4fcc8-e058-498b-ad35-010f12224b28","block_type":"box","text":"332,395","page_number":175,"box":{"x":740,"y":747,"width":60,"height":10}},{"id":"a7fb133e-304f-4669-b8bd-0329df85079c","block_type":"box","text":"1.24","page_number":175,"box":{"x":926,"y":747,"width":31,"height":8}},{"id":"56573635-0f1c-40eb-af00-257451335a8a","block_type":"box","text":"UK Gilts","page_number":175,"box":{"x":43,"y":778,"width":64,"height":8}},{"id":"dc05a4ad-5622-4c94-85f4-8cc596c179ce","block_type":"box","text":"14.82% (31 December 2025 - 11.98%)","page_number":175,"box":{"x":114,"y":778,"width":288,"height":11}},{"id":"b514bd13-c911-42d5-81e9-785a68006ae8","block_type":"box","text":"£768,120","page_number":175,"box":{"x":126,"y":796,"width":69,"height":11}},{"id":"b9a922da-47c9-4e46-8199-5a4d74c4513f","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":175,"box":{"x":230,"y":796,"width":288,"height":12}},{"id":"b9dc74e7-57d7-43b1-b3b7-d4abc349d980","block_type":"box","text":"696,109","page_number":175,"box":{"x":740,"y":796,"width":59,"height":11}},{"id":"13db98b6-8f2b-4f80-b523-edbaebb9142f","block_type":"box","text":"2.61","page_number":175,"box":{"x":925,"y":796,"width":29,"height":9}},{"id":"4ab1fdd8-9c9f-49c4-bf5d-b93aaa36a176","block_type":"box","text":"£482,995","page_number":175,"box":{"x":126,"y":812,"width":69,"height":10}},{"id":"7e072cb0-ba66-4295-919f-81e8dd2c90ec","block_type":"box","text":"United Kingdom Gilt 4.375% 31/07/2054","page_number":175,"box":{"x":230,"y":812,"width":298,"height":11}},{"id":"9e1319a3-8af8-4b46-bc70-9dfc9834564d","block_type":"box","text":"403,463","page_number":175,"box":{"x":740,"y":812,"width":59,"height":10}},{"id":"8a6c33e9-c343-4de9-ad36-2ceb048894a4","block_type":"box","text":"1.51","page_number":175,"box":{"x":926,"y":812,"width":28,"height":9}},{"id":"4d65277b-7649-414c-8842-dcc64c8adc31","block_type":"box","text":"£574,059","page_number":175,"box":{"x":126,"y":827,"width":69,"height":10}},{"id":"b8ed587e-621b-4a10-9d92-763c6ab4c7ed","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":175,"box":{"x":230,"y":827,"width":288,"height":11}},{"id":"362b959b-fd9b-4193-8d53-224e8d85305e","block_type":"box","text":"578,004","page_number":175,"box":{"x":740,"y":827,"width":59,"height":10}},{"id":"b2ac511e-754c-41bd-a5a4-6da33640890a","block_type":"box","text":"2.17","page_number":175,"box":{"x":925,"y":827,"width":31,"height":9}},{"id":"0df5ced6-e3f2-410b-a5a7-12095a885c0b","block_type":"box","text":"£1,303,984","page_number":175,"box":{"x":112,"y":842,"width":83,"height":11}},{"id":"26b10876-6530-45eb-9810-76faa1d33232","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":175,"box":{"x":230,"y":842,"width":288,"height":12}},{"id":"563c3325-2954-4613-a696-e1036540f308","block_type":"box","text":"1,292,478","page_number":175,"box":{"x":727,"y":842,"width":72,"height":11}},{"id":"1c350052-91da-4ee5-987e-39146aee6710","block_type":"box","text":"4.84","page_number":175,"box":{"x":925,"y":843,"width":31,"height":8}},{"id":"122467b9-ad6f-47b2-8548-7708d3e85007","block_type":"box","text":"£551,389","page_number":175,"box":{"x":126,"y":858,"width":69,"height":10}},{"id":"f258b061-cb64-4331-9ea3-f260b83e9e09","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2043","page_number":175,"box":{"x":230,"y":858,"width":288,"height":11}},{"id":"438aaa55-3c6e-4102-b229-28476b67c011","block_type":"box","text":"513,647","page_number":175,"box":{"x":740,"y":858,"width":59,"height":10}},{"id":"b6337b59-f459-40bc-9713-715f4938f3a1","block_type":"box","text":"1.92","page_number":175,"box":{"x":926,"y":858,"width":30,"height":9}},{"id":"ec5b42cf-f9de-4f20-b7d3-3643399196fd","block_type":"box","text":"£453,424","page_number":175,"box":{"x":126,"y":873,"width":69,"height":11}},{"id":"fbc5063a-df4a-4f12-8121-d7bb3202046e","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":175,"box":{"x":230,"y":873,"width":288,"height":11}},{"id":"17c4e970-d787-4061-a3db-73ec65d00bb1","block_type":"box","text":"473,769","page_number":175,"box":{"x":740,"y":873,"width":59,"height":11}},{"id":"8de2b80c-0407-4323-931e-b514ea9e4490","block_type":"box","text":"1.77","page_number":175,"box":{"x":926,"y":873,"width":30,"height":9}},{"id":"011def42-f41d-435d-bdb9-582d61efc752","block_type":"box","text":"3,957,470","page_number":175,"box":{"x":726,"y":891,"width":73,"height":11}},{"id":"8499690d-f7cc-4305-9c05-7533929d9c37","block_type":"box","text":"14.82","page_number":175,"box":{"x":916,"y":891,"width":40,"height":9}},{"id":"2ce5e46d-0428-4713-814d-ab887c150868","block_type":"box","text":"175","page_number":176,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"ce9a6e79-e041-4427-a15b-5dba348ba8d7","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":176,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"ffdc8b87-3fa5-4ac6-b30f-69c7124dd1f8","block_type":"box","text":"Portfolio Statement (continued)","page_number":176,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"043ef2da-9531-46a1-a046-30fec738c2cb","block_type":"box","text":"Holding/Nominal Value","page_number":176,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"dcc0b198-ea53-4949-b5e9-109486995310","block_type":"box","text":"Investment","page_number":176,"box":{"x":230,"y":132,"width":70,"height":7}},{"id":"9dde73c3-c05a-49c3-b0c9-4b34063fcf08","block_type":"box","text":"Market","page_number":176,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"4375d65c-2dfd-49d1-bee1-c864c53e91e2","block_type":"box","text":"Value","page_number":176,"box":{"x":765,"y":121,"width":35,"height":7}},{"id":"c7ba615a-a87c-47d6-8aea-407534b3a2f7","block_type":"box","text":"£","page_number":176,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"22be9b72-2efb-40db-91fd-8b8650472efe","block_type":"box","text":"% of","page_number":176,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"3766950a-4797-43e1-8abe-83059ad66dd8","block_type":"box","text":"Net Assets","page_number":176,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"62331b79-9e0e-4cf8-86bf-58abe85b82e1","block_type":"box","text":"Forward Currency Contracts","page_number":176,"box":{"x":43,"y":164,"width":226,"height":11}},{"id":"2e7e7260-09ec-437d-b69b-ead3adfb7c5a","block_type":"box","text":"0.00% (31 December 2025 - 0.23%)","page_number":176,"box":{"x":270,"y":164,"width":276,"height":11}},{"id":"53374148-714e-484f-82e6-9179b447fa06","block_type":"box","text":"EUR (1,662,400)","page_number":176,"box":{"x":71,"y":183,"width":124,"height":11}},{"id":"934a23fd-7f19-4980-866d-3c5cd917bab7","block_type":"box","text":"Sold EUR, Bought GBP 1,442,764 for settlement on","page_number":176,"box":{"x":230,"y":183,"width":389,"height":11}},{"id":"1019329d-a0f3-4d33-a997-d198e0816c69","block_type":"box","text":"17/09/2026","page_number":176,"box":{"x":231,"y":197,"width":81,"height":9}},{"id":"fbe101ad-b0d9-4db6-ad49-0bb135f30c78","block_type":"box","text":"14,641","page_number":176,"box":{"x":751,"y":197,"width":46,"height":10}},{"id":"e8e9cc04-cba8-4fd2-b79c-dfc464a55619","block_type":"box","text":"0.06","page_number":176,"box":{"x":925,"y":197,"width":31,"height":9}},{"id":"960c6a85-4132-46cd-b8b5-69f299cd0d60","block_type":"box","text":"EUR (597,600)","page_number":176,"box":{"x":85,"y":212,"width":110,"height":12}},{"id":"cfd9a791-5883-40c6-8b4e-146afcfe655f","block_type":"box","text":"Sold EUR, Bought GBP 517,232 for settlement on","page_number":176,"box":{"x":230,"y":212,"width":375,"height":12}},{"id":"a44a38b9-ad51-4396-88fd-ed85866e1b63","block_type":"box","text":"17/09/2026","page_number":176,"box":{"x":231,"y":227,"width":81,"height":8}},{"id":"4767e1ed-83f9-4e1f-a5a7-175429510f1a","block_type":"box","text":"3,850","page_number":176,"box":{"x":759,"y":227,"width":40,"height":10}},{"id":"6b4b16d1-dc34-41e3-a2d6-47ad1356da08","block_type":"box","text":"0.01","page_number":176,"box":{"x":925,"y":227,"width":29,"height":8}},{"id":"9cc16bab-5867-4934-8cd1-5bea7e654ff0","block_type":"box","text":"USD (5,122,077)","page_number":176,"box":{"x":71,"y":242,"width":124,"height":11}},{"id":"47747ab6-6614-48d5-bf8a-ed87a1e815ac","block_type":"box","text":"Sold USD, Bought GBP 3,816,834 for settlement on","page_number":176,"box":{"x":230,"y":242,"width":389,"height":11}},{"id":"d0979100-64a8-49e4-a2bc-a4b96a94461f","block_type":"box","text":"17/09/2026","page_number":176,"box":{"x":231,"y":256,"width":81,"height":9}},{"id":"d6c74ce0-697a-43b4-90d7-192724108542","block_type":"box","text":"(17,847)","page_number":176,"box":{"x":739,"y":256,"width":61,"height":11}},{"id":"4ebebbb6-813a-4d99-93d0-4b9c691ef64c","block_type":"box","text":"(0.07)","page_number":176,"box":{"x":914,"y":256,"width":43,"height":11}},{"id":"a111ad40-a8c9-492d-8a9a-bef13daa5c63","block_type":"box","text":"644","page_number":176,"box":{"x":773,"y":274,"width":27,"height":9}},{"id":"de00a946-e3a8-4e20-b114-5014107927f1","block_type":"box","text":"–","page_number":176,"box":{"x":948,"y":279,"width":9,"height":1}},{"id":"13aa2ad6-f35b-4fea-b1a5-3ec85c2a713f","block_type":"box","text":"Total Value of Investments 98.30%","page_number":176,"box":{"x":229,"y":315,"width":271,"height":9}},{"id":"ea277c8f-5920-4156-9b86-093d3f69d2d0","block_type":"box","text":"(31 December 2025 - 99.12%)","page_number":176,"box":{"x":230,"y":330,"width":228,"height":11}},{"id":"64ebc6f0-699a-46f2-a55a-e9b88da8f72d","block_type":"box","text":"26,243,508","page_number":176,"box":{"x":717,"y":330,"width":82,"height":10}},{"id":"7b7dfbd6-9692-4842-b34e-6f98f32db438","block_type":"box","text":"98.30","page_number":176,"box":{"x":916,"y":330,"width":40,"height":9}},{"id":"188450eb-d2dc-405a-8d7d-4d88fa3b4a70","block_type":"box","text":"Net Other Assets","page_number":176,"box":{"x":230,"y":345,"width":134,"height":9}},{"id":"9c19a919-a678-4510-b821-fefb051153b9","block_type":"box","text":"452,705","page_number":176,"box":{"x":740,"y":345,"width":59,"height":11}},{"id":"0b108636-ded3-44f4-9896-3e88c20b2f2e","block_type":"box","text":"1.70","page_number":176,"box":{"x":926,"y":345,"width":30,"height":9}},{"id":"24a7b79b-e477-4cd5-8167-4cacba4a878d","block_type":"box","text":"Net assets","page_number":176,"box":{"x":230,"y":363,"width":82,"height":9}},{"id":"aa5c5f1f-2934-4d35-8e2d-637cd560ae2a","block_type":"box","text":"26,696,213","page_number":176,"box":{"x":717,"y":363,"width":82,"height":11}},{"id":"dcf52d44-bba4-4a10-98aa-4b71be223a93","block_type":"box","text":"100.00","page_number":176,"box":{"x":907,"y":363,"width":49,"height":9}},{"id":"86e8d74f-8ab6-4c0a-a786-574d65746bd0","block_type":"box","text":"All holdings are ordinary shares of stock or bonds and are listed on an official stock exchange unless otherwise stated.","page_number":176,"box":{"x":42,"y":400,"width":876,"height":12}},{"id":"65ee1c6c-a1e8-4a1a-9af0-652cd14bc4e2","block_type":"box","text":"I","page_number":176,"box":{"x":42,"y":428,"width":0,"height":1}},{"id":"30c5ff2c-f8a0-4cf0-998e-81360e2f24c8","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":176,"box":{"x":42,"y":436,"width":416,"height":9}},{"id":"c5646a9f-d953-45cc-ae04-b2a88556bba7","block_type":"box","text":"Bonds","page_number":176,"box":{"x":230,"y":451,"width":46,"height":9}},{"id":"590d1559-470e-49c9-b4b5-a2f1fde723e2","block_type":"box","text":"5,899,268","page_number":176,"box":{"x":726,"y":451,"width":73,"height":11}},{"id":"1409919e-17ca-4a3d-92e4-a28a0a3b646a","block_type":"box","text":"22.09","page_number":176,"box":{"x":916,"y":451,"width":40,"height":9}},{"id":"666642d6-2304-4b9e-afef-2b8e2340d933","block_type":"box","text":"Collective Investment Schemes","page_number":176,"box":{"x":230,"y":467,"width":233,"height":8}},{"id":"404880f4-422a-44cc-ae2b-f54283df09da","block_type":"box","text":"2,672,754","page_number":176,"box":{"x":726,"y":467,"width":73,"height":10}},{"id":"30501f41-499a-4cdc-97b5-53f4c01c20fc","block_type":"box","text":"10.02","page_number":176,"box":{"x":917,"y":467,"width":39,"height":8}},{"id":"084199ce-e10f-4297-a685-4a1b033ac1be","block_type":"box","text":"Equities","page_number":176,"box":{"x":230,"y":482,"width":58,"height":11}},{"id":"04d053d6-9f5c-45fe-b6f0-7d93a4759c3b","block_type":"box","text":"17,670,842","page_number":176,"box":{"x":718,"y":482,"width":81,"height":10}},{"id":"6d6e3bc6-9e29-4a46-a3b0-a9e5125f74f8","block_type":"box","text":"66.19","page_number":176,"box":{"x":916,"y":482,"width":40,"height":9}},{"id":"d029eb32-b942-4381-8217-6b2ac98dbd58","block_type":"box","text":"Forward Currency Contracts","page_number":176,"box":{"x":230,"y":497,"width":209,"height":12}},{"id":"43dabd1d-8d2b-43d7-a66f-4a56aacf5601","block_type":"box","text":"644","page_number":176,"box":{"x":773,"y":498,"width":26,"height":8}},{"id":"1d7d9658-4aab-4dbe-bafb-7d4f20700222","block_type":"box","text":"–","page_number":176,"box":{"x":948,"y":503,"width":9,"height":0}},{"id":"17c91be7-1a69-4848-b8e4-b0262ff1acf9","block_type":"box","text":"Net Other Assets","page_number":176,"box":{"x":230,"y":513,"width":125,"height":9}},{"id":"840c3caa-7adb-4f24-b4bd-e1b8f8d5b979","block_type":"box","text":"452,705","page_number":176,"box":{"x":740,"y":513,"width":59,"height":10}},{"id":"7930b2ee-505c-45c9-b2ae-f401807ebe71","block_type":"box","text":"1.70","page_number":176,"box":{"x":926,"y":513,"width":30,"height":9}},{"id":"0faa919b-2ef1-40e0-9636-22a48b36ff23","block_type":"box","text":"26,696,213","page_number":176,"box":{"x":717,"y":531,"width":82,"height":10}},{"id":"a8b49697-aa51-469f-bee4-f8c4bd7ea9fb","block_type":"box","text":"100.00","page_number":176,"box":{"x":907,"y":531,"width":49,"height":8}},{"id":"aa46a5b9-a36c-491d-8c71-b339505f3302","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":176,"box":{"x":43,"y":565,"width":677,"height":11}},{"id":"9b928e7a-d663-4d24-a4f1-cc2e41f56919","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":176,"box":{"x":230,"y":580,"width":405,"height":11}},{"id":"78470c81-c94d-428a-a5c3-7ba918a31f86","block_type":"box","text":"96.77","page_number":176,"box":{"x":916,"y":580,"width":40,"height":9}},{"id":"92d55767-4e27-4fd4-b32d-caee43bb019e","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":176,"box":{"x":230,"y":596,"width":403,"height":11}},{"id":"87ada615-f533-4662-a251-d43a7d8b2a7e","block_type":"box","text":"(sub BBB- or unrated)","page_number":176,"box":{"x":230,"y":610,"width":162,"height":11}},{"id":"85c2e2b3-2ce8-4feb-978d-33cb0c391629","block_type":"box","text":"3.23","page_number":176,"box":{"x":925,"y":610,"width":31,"height":9}},{"id":"2be62730-033b-4a12-8303-6cf0365bfe29","block_type":"box","text":"100.00","page_number":176,"box":{"x":907,"y":628,"width":49,"height":9}},{"id":"2fcc302f-b810-4822-bbba-5e5248864d0b","block_type":"box","text":"176","page_number":177,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"167acac7-34f5-483f-ae6c-9d1f5404b9db","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":177,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"9b4f73dd-d1e2-42b7-9c54-0dcec74a96d1","block_type":"box","text":"Statement of Total Return","page_number":177,"box":{"x":43,"y":79,"width":249,"height":11}},{"id":"c2422824-10a8-4b2f-ad02-4c24130ea2cb","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":177,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"cc5fe584-d377-4ff3-a64e-c31d27850858","block_type":"box","text":"03.07.2026","page_number":177,"box":{"x":639,"y":127,"width":66,"height":7}},{"id":"94b4bfd2-c306-44d0-9d8e-0f1e67440a66","block_type":"box","text":"1","page_number":177,"box":{"x":706,"y":126,"width":3,"height":4}},{"id":"67cb68e5-fa72-4bf8-a9a3-b6d2a77e2e51","block_type":"box","text":"30.06.2025","page_number":177,"box":{"x":890,"y":127,"width":67,"height":7}},{"id":"7608d472-7df3-4e43-ab7d-8a0e27ec280c","block_type":"box","text":"£","page_number":177,"box":{"x":579,"y":142,"width":7,"height":7}},{"id":"6748fc06-e40e-4537-922f-db5109f7cbcf","block_type":"box","text":"£","page_number":177,"box":{"x":702,"y":142,"width":8,"height":7}},{"id":"157b6fa9-6115-4fe2-9606-c487ed5fe12e","block_type":"box","text":"£","page_number":177,"box":{"x":826,"y":142,"width":7,"height":7}},{"id":"1ac11357-05e0-4c20-ab48-357b8075f9b8","block_type":"box","text":"£","page_number":177,"box":{"x":950,"y":142,"width":7,"height":7}},{"id":"b710537c-45b1-411b-9a4b-819af687267c","block_type":"box","text":"Income","page_number":177,"box":{"x":43,"y":179,"width":53,"height":9}},{"id":"9ec04d3f-8370-48fe-bdd5-c9c4a5443e53","block_type":"box","text":"Net capital gains/(losses)","page_number":177,"box":{"x":55,"y":195,"width":186,"height":11}},{"id":"ef15ec8b-4a38-4aa1-ad62-006580cecc26","block_type":"box","text":"1,064,950","page_number":177,"box":{"x":637,"y":195,"width":72,"height":10}},{"id":"be746d29-e140-4827-be08-e2fe6e35a632","block_type":"box","text":"(860,208)","page_number":177,"box":{"x":886,"y":195,"width":71,"height":11}},{"id":"a6ba4534-b33d-49da-b74f-711d11b0e29a","block_type":"box","text":"Revenue","page_number":177,"box":{"x":55,"y":211,"width":65,"height":9}},{"id":"c94c7387-2a92-48a7-9d62-490b59a78a19","block_type":"box","text":"306,071","page_number":177,"box":{"x":526,"y":211,"width":57,"height":10}},{"id":"da63becb-7ea4-453d-92ae-ee429ff633b0","block_type":"box","text":"408,640","page_number":177,"box":{"x":773,"y":211,"width":60,"height":10}},{"id":"7767412f-4bfe-4823-869b-5b0c2cfa1d92","block_type":"box","text":"Expenses","page_number":177,"box":{"x":43,"y":227,"width":72,"height":11}},{"id":"e0d6c529-441a-4ec6-b94c-38bac59eccaf","block_type":"box","text":"(72,570)","page_number":177,"box":{"x":525,"y":227,"width":60,"height":11}},{"id":"583b1f37-da29-4bc3-90f6-ecef5aca8557","block_type":"box","text":"(121,764)","page_number":177,"box":{"x":763,"y":227,"width":70,"height":11}},{"id":"95f3d03f-30fc-4c20-a66e-70e795f5b559","block_type":"box","text":"Interest payable and similar expenses","page_number":177,"box":{"x":43,"y":243,"width":280,"height":11}},{"id":"96746d4a-aa99-4aad-8549-469a582806bb","block_type":"box","text":"(7)","page_number":177,"box":{"x":567,"y":243,"width":19,"height":11}},{"id":"a1fae96f-5ee7-4510-977b-550d548ca347","block_type":"box","text":"(44)","page_number":177,"box":{"x":805,"y":243,"width":28,"height":11}},{"id":"695d388c-3640-411f-84b2-613dcf0584a9","block_type":"box","text":"Net revenue before taxation","page_number":177,"box":{"x":43,"y":263,"width":205,"height":9}},{"id":"6bdecb2d-9e52-42c7-bcf5-733a868b6a49","block_type":"box","text":"233,494","page_number":177,"box":{"x":526,"y":263,"width":59,"height":11}},{"id":"e989605c-0e8a-4fa0-a98d-4d1e6e3dde9e","block_type":"box","text":"286,832","page_number":177,"box":{"x":773,"y":263,"width":60,"height":11}},{"id":"5eac8da9-090b-46eb-aa4a-0e623525777f","block_type":"box","text":"Taxation","page_number":177,"box":{"x":42,"y":280,"width":61,"height":8}},{"id":"10c51b5a-6bf6-4f15-bde5-a4f0cd62412f","block_type":"box","text":"(32,006)","page_number":177,"box":{"x":525,"y":279,"width":60,"height":12}},{"id":"5df3c44a-c929-4da0-a18c-cc1671085423","block_type":"box","text":"(45,427)","page_number":177,"box":{"x":772,"y":279,"width":61,"height":12}},{"id":"381e16a3-c3af-4d16-bde1-4c0ccbe4ec1b","block_type":"box","text":"Net revenue after taxation for the period","page_number":177,"box":{"x":43,"y":296,"width":317,"height":11}},{"id":"1efca8da-0d9c-4db8-be59-00f6b532dbc3","block_type":"box","text":"201,488","page_number":177,"box":{"x":650,"y":296,"width":59,"height":10}},{"id":"e72ea530-7bb5-43fc-9893-d0bec3e7ea66","block_type":"box","text":"241,405","page_number":177,"box":{"x":897,"y":296,"width":59,"height":10}},{"id":"a415532a-b3b9-467c-9bba-45e8cca316c3","block_type":"box","text":"Total returns before distributions","page_number":177,"box":{"x":42,"y":316,"width":263,"height":9}},{"id":"1ecb3859-ca0d-442b-a3b9-75a2fe716335","block_type":"box","text":"1,266,438","page_number":177,"box":{"x":637,"y":316,"width":72,"height":10}},{"id":"5016517d-6a89-4c63-a609-82238d61c48b","block_type":"box","text":"(618,803)","page_number":177,"box":{"x":886,"y":316,"width":71,"height":11}},{"id":"e01ab54b-de75-41ab-a548-573d93a89bf9","block_type":"box","text":"Distributions","page_number":177,"box":{"x":43,"y":332,"width":91,"height":9}},{"id":"81110065-2eda-4aa6-947d-9e860965ba5e","block_type":"box","text":"(258,235)","page_number":177,"box":{"x":639,"y":332,"width":70,"height":11}},{"id":"1f510149-47b8-4d74-ab83-0120d8477159","block_type":"box","text":"(321,167)","page_number":177,"box":{"x":886,"y":332,"width":71,"height":11}},{"id":"d3c2d8e4-48b9-4778-a034-2969fa6c39b9","block_type":"box","text":"Change in net assets attributable to","page_number":177,"box":{"x":43,"y":367,"width":288,"height":11}},{"id":"6b91ede2-f68b-4ea6-bb34-8167dbdc2b39","block_type":"box","text":"shareholders from investment activities","page_number":177,"box":{"x":54,"y":381,"width":316,"height":9}},{"id":"d8a351de-2133-41f2-91eb-64ea0ccb54ef","block_type":"box","text":"1,008,203","page_number":177,"box":{"x":637,"y":379,"width":72,"height":11}},{"id":"b6c93fe1-aa03-45ee-95b2-92b20aa7ee1e","block_type":"box","text":"(939,970)","page_number":177,"box":{"x":886,"y":379,"width":71,"height":12}},{"id":"66422b09-de49-420d-90ab-ce4db298fc78","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":177,"box":{"x":43,"y":413,"width":627,"height":13}},{"id":"7f5ed2b0-ed58-47a7-b070-2afa88adb035","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":177,"box":{"x":43,"y":429,"width":334,"height":11}},{"id":"1b9716c3-98fe-4214-b2ac-12b3735f3583","block_type":"box","text":"03.07.2026","page_number":177,"box":{"x":636,"y":459,"width":66,"height":7}},{"id":"63205d9a-9514-4827-a31a-716b06945f73","block_type":"box","text":"1","page_number":177,"box":{"x":703,"y":459,"width":2,"height":4}},{"id":"8579fa3a-36f4-4fed-b50b-541a11d8b0fb","block_type":"box","text":"30.06.2025","page_number":177,"box":{"x":888,"y":459,"width":66,"height":7}},{"id":"c52de9cd-e834-4070-ad65-44aa2bbcebc9","block_type":"box","text":"£","page_number":177,"box":{"x":578,"y":474,"width":8,"height":7}},{"id":"cd1d8f74-7f2c-44ab-a2c7-2350040c1421","block_type":"box","text":"£","page_number":177,"box":{"x":699,"y":474,"width":7,"height":7}},{"id":"75cf8ed8-802f-4337-9b90-346866af33b1","block_type":"box","text":"£","page_number":177,"box":{"x":826,"y":474,"width":7,"height":7}},{"id":"efa054e3-1aef-410e-bb0a-40a8bc5a8c37","block_type":"box","text":"£","page_number":177,"box":{"x":947,"y":474,"width":7,"height":7}},{"id":"48a62719-2be4-4339-b766-7d8264d525ce","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":177,"box":{"x":43,"y":511,"width":380,"height":11}},{"id":"bf514400-846b-4f32-9765-6906e7d35f7d","block_type":"box","text":"2","page_number":177,"box":{"x":424,"y":511,"width":4,"height":5}},{"id":"667bc63c-9dc7-4975-b65e-bb7dee6c3682","block_type":"box","text":"23,534,810","page_number":177,"box":{"x":626,"y":511,"width":83,"height":10}},{"id":"e4a401b7-dc37-4337-ab84-780dc6d6de6d","block_type":"box","text":"39,308,167","page_number":177,"box":{"x":874,"y":511,"width":82,"height":10}},{"id":"5e9b77df-1cc8-4118-81be-85d80632feec","block_type":"box","text":"Issue of shares","page_number":177,"box":{"x":43,"y":527,"width":112,"height":9}},{"id":"b12554f5-8388-4b58-86ec-2339c427d1eb","block_type":"box","text":"8,801,050","page_number":177,"box":{"x":508,"y":527,"width":74,"height":10}},{"id":"39be3650-50ff-423c-9ceb-6346f669f8b1","block_type":"box","text":"3,915,275","page_number":177,"box":{"x":756,"y":527,"width":73,"height":10}},{"id":"9f0cd090-5c93-4351-85b8-38bc1b9fd4ad","block_type":"box","text":"Cancellation of shares","page_number":177,"box":{"x":43,"y":543,"width":164,"height":9}},{"id":"3d897655-2b41-42cc-b37e-b32838f173dc","block_type":"box","text":"(6,797,464)","page_number":177,"box":{"x":503,"y":543,"width":82,"height":11}},{"id":"82fb7e22-2105-4451-88d6-6291b838729a","block_type":"box","text":"(9,210,560)","page_number":177,"box":{"x":751,"y":543,"width":82,"height":11}},{"id":"a549b6f1-098b-4397-9191-9f7964e79335","block_type":"box","text":"2,003,586","page_number":177,"box":{"x":635,"y":559,"width":74,"height":11}},{"id":"ad729ab8-4027-4ec5-ac59-d32f247bf78e","block_type":"box","text":"(5,295,285)","page_number":177,"box":{"x":872,"y":559,"width":85,"height":11}},{"id":"8ed33c01-bd9f-49ed-90ba-05fcd4e2890a","block_type":"box","text":"Single swing price adjustment","page_number":177,"box":{"x":43,"y":575,"width":221,"height":11}},{"id":"b00d779c-2bec-41b3-b3ba-959d04a2384c","block_type":"box","text":"11,079","page_number":177,"box":{"x":661,"y":575,"width":48,"height":11}},{"id":"8ca6233f-7a43-416e-b9b3-c0c553219a84","block_type":"box","text":"–","page_number":177,"box":{"x":948,"y":580,"width":9,"height":1}},{"id":"7f5ccd05-c97f-47a0-aab2-08e54d6b18d6","block_type":"box","text":"Change in net assets attributable to","page_number":177,"box":{"x":43,"y":590,"width":268,"height":11}},{"id":"5c3a82c4-779d-493f-9646-05def6ff2bea","block_type":"box","text":"shareholders from investment activities (see above)","page_number":177,"box":{"x":54,"y":606,"width":383,"height":11}},{"id":"76e4693f-d3ac-41f0-a8e5-773aa1cede9f","block_type":"box","text":"1,008,203","page_number":177,"box":{"x":637,"y":606,"width":72,"height":10}},{"id":"a3ffa0e1-b96a-48ce-907e-ec821f953d3d","block_type":"box","text":"(939,970)","page_number":177,"box":{"x":886,"y":606,"width":71,"height":11}},{"id":"4142bf4f-eee8-46c5-acad-19b8cc96347b","block_type":"box","text":"Retained distribution on accumulation shares","page_number":177,"box":{"x":43,"y":622,"width":333,"height":9}},{"id":"db162356-38ae-44fa-a052-4a7c35739104","block_type":"box","text":"138,535","page_number":177,"box":{"x":651,"y":622,"width":58,"height":10}},{"id":"8e7ebe39-9493-4b4e-9927-a195ea866762","block_type":"box","text":"230,609","page_number":177,"box":{"x":897,"y":622,"width":59,"height":10}},{"id":"6b72de99-af36-4a2e-a543-ad277f76a3f9","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":177,"box":{"x":43,"y":639,"width":373,"height":11}},{"id":"0a23a8af-45a2-499e-aa8f-9c11012854bd","block_type":"box","text":"26,696,213","page_number":177,"box":{"x":626,"y":637,"width":83,"height":10}},{"id":"2b0000f2-bf1f-491a-a9a9-0b1d235ac587","block_type":"box","text":"33,303,521","page_number":177,"box":{"x":874,"y":637,"width":80,"height":10}},{"id":"aff7e2bf-3ec2-4166-aa5f-599784d78bfe","block_type":"box","text":"1","page_number":177,"box":{"x":43,"y":678,"width":2,"height":5}},{"id":"7afa2f27-b6cc-4c60-9f68-43b34a6ae852","block_type":"box","text":"The sub-fund’s accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":177,"box":{"x":48,"y":680,"width":874,"height":9}},{"id":"693c2dd4-27af-43b5-832d-75ab2985a792","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":177,"box":{"x":42,"y":691,"width":904,"height":9}},{"id":"69789885-f3b4-4369-be76-bd2166d22921","block_type":"box","text":"shareholders.","page_number":177,"box":{"x":42,"y":703,"width":80,"height":7}},{"id":"7b313fbf-024c-47aa-92a0-6be92c2b5aba","block_type":"box","text":"2","page_number":177,"box":{"x":42,"y":715,"width":5,"height":5}},{"id":"10a9ec40-975d-411d-bbcf-c84eafbd4480","block_type":"box","text":"The opening net assets attributable to shareholders for 2026 differs to th","page_number":177,"box":{"x":48,"y":717,"width":427,"height":9}},{"id":"db078f1f-e68f-48a6-b1ba-23cd689e25a1","block_type":"box","text":"e closing comparative position by the change in shareholders’ net assets for the","page_number":177,"box":{"x":477,"y":717,"width":472,"height":9}},{"id":"5abb475f-8a2f-4b34-ac0e-ae325d12ecfa","block_type":"box","text":"second half of the comparative financial year.","page_number":177,"box":{"x":42,"y":729,"width":268,"height":9}},{"id":"35b533a5-22ac-400f-9200-247dde36579b","block_type":"box","text":"177","page_number":178,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"2283e4e4-47e0-46df-b08a-81ce92622f99","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":178,"box":{"x":43,"y":34,"width":333,"height":13}},{"id":"bcb1457d-709f-44ba-a5c9-dbb0c94434e3","block_type":"box","text":"Balance Sheet","page_number":178,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"ff691c9f-c5ef-44f5-a102-6182c6dc5200","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":178,"box":{"x":42,"y":95,"width":218,"height":11}},{"id":"ff76961e-b85f-40cc-89cb-ed2a9ea93ee9","block_type":"box","text":"03.07.2026","page_number":178,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"243906e4-bbf4-4121-89cc-cbb2a8c1e8fe","block_type":"box","text":"1","page_number":178,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"adb7c4ee-5ed8-4d2b-b9e0-8b331448ff10","block_type":"box","text":"31.12.2025","page_number":178,"box":{"x":888,"y":115,"width":66,"height":6}},{"id":"ae83f4c0-143e-4d82-b034-111c92bb170e","block_type":"box","text":"£","page_number":178,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"dde76a9b-4aa4-47c3-8ef3-300ac411639d","block_type":"box","text":"£","page_number":178,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"8fda4b36-82da-4e7e-ab95-4ce2b0d5e6de","block_type":"box","text":"Assets","page_number":178,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"7ccdce56-2630-4da4-824f-e2eb04f880d7","block_type":"box","text":"Investments","page_number":178,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"2157db2f-1193-4ddb-961d-5dfcfaa16e64","block_type":"box","text":"26,261,355","page_number":178,"box":{"x":636,"y":183,"width":82,"height":10}},{"id":"9679956f-5e71-45af-abe9-e679aae79e55","block_type":"box","text":"23,328,769","page_number":178,"box":{"x":874,"y":183,"width":82,"height":10}},{"id":"c3536ab6-d1db-4ccb-9f85-1a2f78aa8d04","block_type":"box","text":"Amounts receivable","page_number":178,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"babf402f-04ae-49e9-adf3-c51ee936afc0","block_type":"box","text":"125,618","page_number":178,"box":{"x":660,"y":199,"width":58,"height":10}},{"id":"b73a17b0-2bf2-41dd-a79b-e4ae45ad4e85","block_type":"box","text":"67,541","page_number":178,"box":{"x":906,"y":199,"width":48,"height":10}},{"id":"34369beb-50ed-41ec-9da5-0bdbe94543b4","block_type":"box","text":"Cash and cash equivale","page_number":178,"box":{"x":55,"y":215,"width":177,"height":11}},{"id":"cb6f8a3a-437a-4155-802e-5eb346fda1d3","block_type":"box","text":"nts","page_number":178,"box":{"x":234,"y":215,"width":21,"height":9}},{"id":"740addae-6906-4cbd-bb1b-9533410a403b","block_type":"box","text":"684,317","page_number":178,"box":{"x":659,"y":215,"width":59,"height":10}},{"id":"c965fb91-51b6-46aa-bd5e-39505f8c86ac","block_type":"box","text":"240,566","page_number":178,"box":{"x":897,"y":215,"width":59,"height":10}},{"id":"f5e4d2aa-f964-497a-b0ba-84cadeddaa2c","block_type":"box","text":"Total assets","page_number":178,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"b1a80d0d-d543-4a8f-97cb-2858f7fc8f18","block_type":"box","text":"27,071,290","page_number":178,"box":{"x":636,"y":232,"width":82,"height":10}},{"id":"4d4a734c-86c8-42b1-8d87-a028f0407253","block_type":"box","text":"23,636,876","page_number":178,"box":{"x":874,"y":232,"width":82,"height":10}},{"id":"18ff1928-1709-4ce2-a07c-3bbf4ea6307f","block_type":"box","text":"Liabilities","page_number":178,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"c4408d9a-ec8f-4c7e-95af-cb9686bc4806","block_type":"box","text":"Investments","page_number":178,"box":{"x":55,"y":270,"width":89,"height":9}},{"id":"a6e64ee7-3b54-45b6-802a-6965bf163b54","block_type":"box","text":"(17,847)","page_number":178,"box":{"x":658,"y":270,"width":61,"height":11}},{"id":"9557f798-05a8-4df2-8c6f-e26d52f7fd3e","block_type":"box","text":"–","page_number":178,"box":{"x":948,"y":275,"width":9,"height":1}},{"id":"e54afe70-dee4-4f5e-97d5-3dd8c5ec32a5","block_type":"box","text":"Distribution payable","page_number":178,"box":{"x":55,"y":286,"width":145,"height":11}},{"id":"d5dc25cb-173b-4d5a-8187-4cef5c053689","block_type":"box","text":"(132,854)","page_number":178,"box":{"x":648,"y":286,"width":71,"height":11}},{"id":"a4fd49ce-f48e-4115-ae2a-8665fd52108c","block_type":"box","text":"(42,062)","page_number":178,"box":{"x":896,"y":286,"width":61,"height":11}},{"id":"0a4e7ac8-c2b0-4b52-bc0e-8c7d6464aeda","block_type":"box","text":"Other amounts payable","page_number":178,"box":{"x":54,"y":302,"width":174,"height":11}},{"id":"307e9f16-5c97-4f92-a53c-629d5bbcc52a","block_type":"box","text":"(224,376)","page_number":178,"box":{"x":648,"y":302,"width":71,"height":11}},{"id":"7e5df752-0901-458e-be02-23b760d570bc","block_type":"box","text":"(60,004)","page_number":178,"box":{"x":896,"y":302,"width":61,"height":11}},{"id":"1a06f53b-2713-43a0-9f61-8c672b112a97","block_type":"box","text":"Total liabilities","page_number":178,"box":{"x":42,"y":319,"width":103,"height":9}},{"id":"11dbf9ae-e51f-4f1f-b105-524bb18e05cb","block_type":"box","text":"(375,077)","page_number":178,"box":{"x":648,"y":319,"width":71,"height":11}},{"id":"ff7db559-32ef-4ad8-a8f8-f03ceb596423","block_type":"box","text":"(102,066)","page_number":178,"box":{"x":886,"y":319,"width":71,"height":11}},{"id":"1c131dee-b469-47d1-9969-5f1a40418f6f","block_type":"box","text":"Net assets attributable to shareholders","page_number":178,"box":{"x":43,"y":336,"width":309,"height":9}},{"id":"72c3ea49-3a40-4128-9758-d74009ba4c46","block_type":"box","text":"26,696,213","page_number":178,"box":{"x":636,"y":335,"width":82,"height":10}},{"id":"61956f15-1222-4b5e-908f-80bf8a2826be","block_type":"box","text":"23,534,810","page_number":178,"box":{"x":874,"y":335,"width":82,"height":10}},{"id":"b46be3fe-0242-4c3b-9806-42f2785a2f6b","block_type":"box","text":"1","page_number":178,"box":{"x":43,"y":368,"width":2,"height":4}},{"id":"5d24ced6-766b-4a0c-b69f-4c96c464ce76","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":178,"box":{"x":46,"y":368,"width":910,"height":9}},{"id":"9a8e3c3f-f8bd-4aba-9e57-f00d417809d1","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":178,"box":{"x":42,"y":379,"width":915,"height":9}},{"id":"1a8a93a4-a3c2-4beb-8f88-92a8d86749b6","block_type":"box","text":"shareholders.","page_number":178,"box":{"x":42,"y":391,"width":80,"height":7}},{"id":"aab0afb9-bbd7-4858-acb3-10313ea21c26","block_type":"box","text":"All items in the balance sheet above are current.","page_number":178,"box":{"x":42,"y":416,"width":358,"height":9}},{"id":"3d6ee083-b1e9-4db3-bfe7-97f1d9627322","block_type":"box","text":"178","page_number":179,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"bc81d0a0-4686-4dbf-a603-b688030f84b7","block_type":"box","text":"179","page_number":179,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"e87b6ca9-acdb-420c-9c07-85394b7ef99e","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":179,"box":{"x":43,"y":34,"width":328,"height":13}},{"id":"59063bbf-b444-4b61-b348-df00ab117a1c","block_type":"box","text":"Notes to the Financial Statements","page_number":179,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"6e68b212-1deb-47ea-817a-afeb71e43446","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":179,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"fd0402f2-96e3-4b52-9000-a68a4536ba8c","block_type":"box","text":"1. Accounting Policies","page_number":179,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"a7b9b15d-c754-458e-b4d1-e3716f0a1fb1","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":179,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"787f64d5-b6a1-4d6a-82d9-1fcb6b0ab4ab","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":179,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"02cf6b8d-35db-40a0-91f5-91ee11f8b803","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":179,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"4954b3be-5908-4b6d-8f35-c40eb32bf836","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":179,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"27e70d87-01ac-4ffd-ba00-2ffc359a8f74","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":179,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"d68506cf-f07b-4a63-b304-1cbc2ffc8fa1","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":179,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"be78e2ea-1e4c-4b4c-91ab-f9b32ab3e761","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":179,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"41d6379e-c9cc-46cd-814c-3308680ad629","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":179,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"365ae728-d12f-4140-9903-83f2bfbeed68","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":179,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"018dd57a-ee30-4e48-b8fe-cac2e1671b79","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":179,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"803de30e-8a73-4781-ba10-5d1c2e891c91","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":179,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"f8137d84-f87e-4c39-b633-3314f57a12db","block_type":"box","text":"the current period.","page_number":179,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"f48f2c2a-5675-438f-90a4-780a2f5e3dbc","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":179,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"73e2d870-3b5a-4a2a-9419-310ce80ede36","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":179,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"bf513b7b-ca73-41bb-9c20-607c547ebfd9","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":179,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"259a6b61-0de1-4dcb-8699-29be95913780","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":179,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"194a9bb7-ba27-4dda-8225-2e5c9eeac45a","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":179,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"3e5d3b6c-ffd2-4ceb-a51b-1f0bae57dcb0","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":179,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"07af902b-348d-4a00-af35-d9281f281586","block_type":"box","text":"2. Related Parties","page_number":179,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"346c2556-bfc8-4414-a4b9-045edd8f2f4a","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":179,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"73eda332-9848-4506-be3c-a6627af8742b","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":179,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"59a7fb25-64da-40a2-aebc-97528bda8d92","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":179,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"2431b414-8bd3-46dd-83ca-3479fddc7ec2","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":179,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"2be164bd-26bf-4f41-b25b-d6b9c9089cbf","block_type":"box","text":"page 176","page_number":179,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"839d4cca-68ed-4220-b7e5-5367c58286ac","block_type":"box","text":".","page_number":179,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"90d50a8e-8939-4ddd-98ef-9e8d3a20346c","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £8,832","page_number":179,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"140d8d88-53e8-4de5-b9dc-28c5f711c694","block_type":"box","text":"(31 December 2025: £10,281).","page_number":179,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"3835a0a3-c7c1-4a43-b6dd-1257132a73b3","block_type":"box","text":"At the period end, Sarasin Responsible Multi Asset held no shares in any other sub-fund or collective investment schemes","page_number":179,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"c2571249-71e0-48a2-8ace-ac325d4ff44b","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":179,"box":{"x":43,"y":587,"width":693,"height":11}},{"id":"c20cc95a-1b2e-43a9-aad5-5b4ccf588bf2","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 39.85% of the sub-fund on behalf of multiple beneficiaries","page_number":179,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"14f58172-4495-4f31-99ef-1f26e5c92d4d","block_type":"box","text":"(31 December 2025: Nil).","page_number":179,"box":{"x":43,"y":623,"width":185,"height":12}},{"id":"becbb889-b6db-4e26-abd4-2968bb66e03a","block_type":"box","text":"179","page_number":180,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"232f9573-1543-4136-97e3-086fc1fb8fd6","block_type":"box","text":"SARASIN Responsible Multi Asset","page_number":180,"box":{"x":43,"y":34,"width":328,"height":13}},{"id":"86f9cc8d-b12c-45d2-b1ad-4856def2b3a7","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":180,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"00723d29-a89e-43a5-8d86-4f5bc43611fa","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":180,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"f1d7a3e4-2bdf-4d67-8544-0b841d20b4f7","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":180,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"296a53bf-6c55-4db0-855d-5923cf01dd65","block_type":"box","text":"their fair value.","page_number":180,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"d7d11d15-ab69-4c95-9290-df9196b83d4d","block_type":"box","text":"Valuation technique as at","page_number":180,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"43ae608b-ee64-487a-a873-595627dee564","block_type":"box","text":"3 July 2026","page_number":180,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"503ba4a7-2751-467d-beae-e5b5eadc4625","block_type":"box","text":"1","page_number":180,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"b1560395-806e-4356-9654-9749897fea70","block_type":"box","text":"Financial Assets","page_number":180,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"f32bc4bc-d711-4e74-a029-3d5d3b29dcee","block_type":"box","text":"Level 1","page_number":180,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"82340875-4e81-4164-98a7-cc0cafc92794","block_type":"box","text":"£","page_number":180,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"6980ac35-a87a-4ad8-bc92-9dddd82b4c4d","block_type":"box","text":"Level 2","page_number":180,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"89d11100-0aa7-418e-a3d1-acaac678f4ec","block_type":"box","text":"£","page_number":180,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"64896f00-3763-4661-b2a9-003569d29b7e","block_type":"box","text":"Level 3","page_number":180,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"77b3bc12-0590-4c0a-97b6-f7d1c5923894","block_type":"box","text":"£","page_number":180,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"fcfc67ff-11e8-4b3d-a37c-791f1f57b0b6","block_type":"box","text":"Total","page_number":180,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"f109e638-30ac-4c8c-9303-44f22373fe5a","block_type":"box","text":"£","page_number":180,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"a283a54a-7f6f-4c6c-ad64-7ff447ad8068","block_type":"box","text":"Collective Investment Schemes","page_number":180,"box":{"x":45,"y":214,"width":233,"height":8}},{"id":"dd097977-207a-4b65-9b9b-2b917091ca20","block_type":"box","text":"1,643,962","page_number":180,"box":{"x":534,"y":214,"width":72,"height":10}},{"id":"7a81dbfb-888b-4a69-9dbe-6ff07a136c2d","block_type":"box","text":"1,028,792","page_number":180,"box":{"x":651,"y":214,"width":72,"height":10}},{"id":"497a45a7-3e3f-4964-a8e2-395972f7b083","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"7848acc2-cc80-4439-9a7b-5f70bdd281d4","block_type":"box","text":"2,672,754","page_number":180,"box":{"x":883,"y":214,"width":73,"height":10}},{"id":"8e2cdac1-f910-46b7-8eea-ff6815077e9a","block_type":"box","text":"Debt Securities","page_number":180,"box":{"x":45,"y":229,"width":112,"height":9}},{"id":"8b9bbbd0-3ce8-426a-a01e-1698640266e6","block_type":"box","text":"3,957,470","page_number":180,"box":{"x":533,"y":229,"width":73,"height":10}},{"id":"4a355af2-ea6f-428c-89a5-f1e2bac80b43","block_type":"box","text":"1,941,798","page_number":180,"box":{"x":651,"y":229,"width":72,"height":10}},{"id":"a8c5ebb7-ca90-4dcf-be39-36825165d500","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":234,"width":10,"height":1}},{"id":"92d11343-fffe-42f7-97e1-b0bde6d0eb5a","block_type":"box","text":"5,899,268","page_number":180,"box":{"x":883,"y":229,"width":73,"height":10}},{"id":"3f2c3342-4f09-4cd1-9779-dde19bc810fe","block_type":"box","text":"Equities","page_number":180,"box":{"x":45,"y":244,"width":58,"height":11}},{"id":"bb205311-1972-4d47-8376-7fd6ee742546","block_type":"box","text":"17,670,842","page_number":180,"box":{"x":525,"y":244,"width":81,"height":11}},{"id":"4d8df482-85c7-40fe-ac23-49c5f65e7d30","block_type":"box","text":"–","page_number":180,"box":{"x":715,"y":249,"width":9,"height":1}},{"id":"f915c04d-2eb3-4ae0-979d-3538d6d6d6e1","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":249,"width":10,"height":1}},{"id":"708ada87-edc4-4e27-9b76-1f3915bf5baf","block_type":"box","text":"17,670,842","page_number":180,"box":{"x":875,"y":244,"width":81,"height":11}},{"id":"c6b2f143-2dfb-4079-be19-e634f5c5da65","block_type":"box","text":"Forward Currency Contracts","page_number":180,"box":{"x":46,"y":259,"width":208,"height":12}},{"id":"14c65ae3-1b38-431c-ae3c-76cea9abc95b","block_type":"box","text":"–","page_number":180,"box":{"x":598,"y":265,"width":9,"height":0}},{"id":"8b0cba51-76c8-4fe8-82e5-7dcd40134599","block_type":"box","text":"18,491","page_number":180,"box":{"x":674,"y":259,"width":47,"height":11}},{"id":"a60ba9a6-2e41-4732-8190-d929f649805e","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":265,"width":10,"height":0}},{"id":"d23303a2-d906-4992-a14c-ed5e5d85552e","block_type":"box","text":"18,491","page_number":180,"box":{"x":908,"y":259,"width":46,"height":11}},{"id":"7ad3b6d0-0c7f-4914-ab2a-084e43ac047b","block_type":"box","text":"23,272,274","page_number":180,"box":{"x":524,"y":276,"width":82,"height":10}},{"id":"1e956147-41fe-4871-b857-8fe3bf9f2663","block_type":"box","text":"2,989,081","page_number":180,"box":{"x":650,"y":276,"width":71,"height":10}},{"id":"56988e8f-b340-49d7-aedb-721be75ce69d","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":281,"width":10,"height":1}},{"id":"45aef42f-1966-4d4e-89f3-776ca999156d","block_type":"box","text":"26,261,355","page_number":180,"box":{"x":874,"y":276,"width":82,"height":10}},{"id":"52c8be1d-e693-467a-9bf9-5ba739605420","block_type":"box","text":"Financial Liabilities","page_number":180,"box":{"x":45,"y":308,"width":122,"height":7}},{"id":"5a5bef40-0ca4-48ec-960b-9fe8804575aa","block_type":"box","text":"Forward Currency Contracts","page_number":180,"box":{"x":46,"y":326,"width":208,"height":11}},{"id":"9142fed1-a205-4bb2-a59c-9a81995f2611","block_type":"box","text":"–","page_number":180,"box":{"x":598,"y":331,"width":9,"height":1}},{"id":"bdc7bdd4-cb3c-4391-b49e-9971c3325e70","block_type":"box","text":"(17,847)","page_number":180,"box":{"x":662,"y":326,"width":61,"height":11}},{"id":"2300c88d-3f5a-40fa-85a4-d65aaa6c0f38","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":331,"width":10,"height":1}},{"id":"6347d8db-7317-4e1a-99fb-f48aa8eb135b","block_type":"box","text":"(17,847)","page_number":180,"box":{"x":896,"y":326,"width":61,"height":11}},{"id":"37214a07-5f0b-480d-934b-1245c090bc10","block_type":"box","text":"–","page_number":180,"box":{"x":598,"y":347,"width":9,"height":1}},{"id":"dbaece99-70fc-4c9a-863d-68d05b402d76","block_type":"box","text":"(17,847)","page_number":180,"box":{"x":662,"y":342,"width":61,"height":11}},{"id":"2de91601-76b6-4dba-8b58-3a6e1e8d0e4f","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":347,"width":10,"height":1}},{"id":"ad2e4ae2-138f-416c-bc8b-ea9119378459","block_type":"box","text":"(17,847)","page_number":180,"box":{"x":896,"y":342,"width":61,"height":11}},{"id":"b439a048-41d0-4ca4-a36e-c4d02f654599","block_type":"box","text":"Valuation technique as at","page_number":180,"box":{"x":44,"y":373,"width":161,"height":9}},{"id":"a3f3f1c9-4c2d-4c62-b4fa-ec449a56f073","block_type":"box","text":"31 December 2025","page_number":180,"box":{"x":210,"y":373,"width":116,"height":7}},{"id":"21fdb0b5-f826-41db-91e3-8691a3b282ef","block_type":"box","text":"Financial Assets","page_number":180,"box":{"x":45,"y":399,"width":104,"height":7}},{"id":"15cd1a45-6149-4570-bcf3-cff45c3e60b7","block_type":"box","text":"Level 1","page_number":180,"box":{"x":563,"y":388,"width":42,"height":7}},{"id":"9ce64a3e-2cc1-4a3c-a376-0c6742b7a111","block_type":"box","text":"£","page_number":180,"box":{"x":600,"y":399,"width":7,"height":7}},{"id":"9f975d79-7439-40ae-b64e-c04d9a14385b","block_type":"box","text":"Level 2","page_number":180,"box":{"x":679,"y":388,"width":44,"height":7}},{"id":"bb192bab-b833-443e-bab1-43d619fef0f3","block_type":"box","text":"£","page_number":180,"box":{"x":717,"y":399,"width":7,"height":7}},{"id":"393bb2e5-4865-492a-983e-6a0193cf953a","block_type":"box","text":"Level 3","page_number":180,"box":{"x":796,"y":388,"width":44,"height":7}},{"id":"0088d834-6874-4634-80b8-c48909e26163","block_type":"box","text":"£","page_number":180,"box":{"x":833,"y":399,"width":7,"height":7}},{"id":"467fb598-d3b1-4c9c-b836-b6a147ec2aa9","block_type":"box","text":"Total","page_number":180,"box":{"x":926,"y":388,"width":30,"height":7}},{"id":"6997b95a-a839-45ce-afe7-ed05621e0cee","block_type":"box","text":"£","page_number":180,"box":{"x":950,"y":399,"width":7,"height":7}},{"id":"0b09baa3-77d4-486b-a79b-9b194a650cca","block_type":"box","text":"Collective Investment Schemes","page_number":180,"box":{"x":45,"y":417,"width":233,"height":9}},{"id":"ca6a7c5a-7beb-4676-96ae-62bbb749628b","block_type":"box","text":"1,178,576","page_number":180,"box":{"x":534,"y":417,"width":72,"height":11}},{"id":"0100bf12-07ee-48a4-aebb-f39caf7198ac","block_type":"box","text":"358,100","page_number":180,"box":{"x":664,"y":417,"width":59,"height":11}},{"id":"6f25b3c6-068e-48ff-8972-97d986f4edf7","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":422,"width":10,"height":1}},{"id":"24d32647-2fa4-4444-97b7-1e721cdd9ef9","block_type":"box","text":"1,536,676","page_number":180,"box":{"x":884,"y":417,"width":72,"height":11}},{"id":"1804833b-d908-4bb8-83b3-52e27f018229","block_type":"box","text":"Debt Securities","page_number":180,"box":{"x":45,"y":432,"width":112,"height":9}},{"id":"dfc0cbcd-7735-42b9-bf10-774cbcdd50d4","block_type":"box","text":"2,819,851","page_number":180,"box":{"x":533,"y":433,"width":71,"height":10}},{"id":"681b12b2-6f6d-4610-8550-9294895aada8","block_type":"box","text":"2,068,546","page_number":180,"box":{"x":650,"y":433,"width":73,"height":10}},{"id":"224c34f0-c425-47b8-ba33-7e39bd08bed6","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":438,"width":10,"height":1}},{"id":"b978e425-7339-4db0-b532-a2c803c6c1e6","block_type":"box","text":"4,888,397","page_number":180,"box":{"x":883,"y":433,"width":73,"height":10}},{"id":"09abf65e-81bf-47ea-a98d-907bfdfe6dbb","block_type":"box","text":"Equities","page_number":180,"box":{"x":45,"y":448,"width":58,"height":11}},{"id":"531c3de2-b8f4-4501-9fd8-ddfe28dd6335","block_type":"box","text":"16,818,776","page_number":180,"box":{"x":525,"y":448,"width":81,"height":10}},{"id":"ee9c037a-cc0e-4c74-943d-8096bcd6673f","block_type":"box","text":"–","page_number":180,"box":{"x":715,"y":453,"width":9,"height":1}},{"id":"9d6d3fda-055e-4074-8855-b0e028eeeffd","block_type":"box","text":"30,448","page_number":180,"box":{"x":790,"y":448,"width":50,"height":10}},{"id":"93af24a9-14da-4943-a88e-a8d1ab62b51c","block_type":"box","text":"16,849,224","page_number":180,"box":{"x":875,"y":448,"width":81,"height":10}},{"id":"ded8eecd-f7cc-422b-ac27-18a041a9eac5","block_type":"box","text":"Forward Currency Contracts","page_number":180,"box":{"x":46,"y":463,"width":208,"height":11}},{"id":"2bf16536-616c-4a15-9621-bb2e0ed05942","block_type":"box","text":"–","page_number":180,"box":{"x":598,"y":468,"width":9,"height":1}},{"id":"4a690316-e108-49a3-a578-7de80b38e3f1","block_type":"box","text":"54,472","page_number":180,"box":{"x":673,"y":463,"width":50,"height":10}},{"id":"9999d87f-0dcb-40a0-ae90-f1b68bc08b55","block_type":"box","text":"–","page_number":180,"box":{"x":831,"y":468,"width":10,"height":1}},{"id":"75f707e4-7fd7-4c34-aac7-f65410d875e2","block_type":"box","text":"54,472","page_number":180,"box":{"x":907,"y":463,"width":49,"height":10}},{"id":"7cb338dc-c57e-4464-82c2-988e8b8226c0","block_type":"box","text":"20,817,203","page_number":180,"box":{"x":524,"y":479,"width":82,"height":11}},{"id":"d21563ae-ad9e-4bd0-8767-05c64fea9947","block_type":"box","text":"2,481,118","page_number":180,"box":{"x":651,"y":479,"width":72,"height":11}},{"id":"0a0483e7-4330-4f76-9e88-919b0e6f5e8e","block_type":"box","text":"30,448","page_number":180,"box":{"x":790,"y":479,"width":50,"height":11}},{"id":"464978fb-e2fc-4b66-8cad-4d2489283fe2","block_type":"box","text":"23,328,769","page_number":180,"box":{"x":874,"y":479,"width":82,"height":11}},{"id":"5d27eb3e-db76-4829-91cf-d645d957c916","block_type":"box","text":"1","page_number":180,"box":{"x":43,"y":522,"width":2,"height":4}},{"id":"7dac8396-0918-48f5-af67-147e87ed8d9b","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":180,"box":{"x":46,"y":522,"width":910,"height":9}},{"id":"39a9a456-bd6d-49c7-a529-c0fe8e688b2a","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":180,"box":{"x":42,"y":534,"width":915,"height":9}},{"id":"ecfb9796-d065-4a4d-8fe7-2a8156bf0c61","block_type":"box","text":"shareholders.","page_number":180,"box":{"x":42,"y":545,"width":80,"height":7}},{"id":"4abcbc28-5259-4d39-b09e-f62bdbfcc1b7","block_type":"box","text":"Level 1","page_number":180,"box":{"x":43,"y":577,"width":53,"height":9}},{"id":"483bb161-3f44-4786-8c32-7fc15b4c5035","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":180,"box":{"x":42,"y":590,"width":920,"height":11}},{"id":"20015706-178a-4c67-be89-02928b86869f","block_type":"box","text":"date.","page_number":180,"box":{"x":42,"y":603,"width":36,"height":9}},{"id":"4e8d8149-5cbd-4767-825d-0e648d7a4bb6","block_type":"box","text":"Level 2","page_number":180,"box":{"x":43,"y":628,"width":55,"height":9}},{"id":"db09e60a-286d-4a68-8def-79651bbe5d73","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":180,"box":{"x":42,"y":641,"width":894,"height":11}},{"id":"83a48443-d87b-4780-8d00-0dd039148ad4","block_type":"box","text":"Level 3","page_number":180,"box":{"x":43,"y":666,"width":55,"height":9}},{"id":"2923337b-0eac-4663-a2ee-65c6bc6da0ba","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable). Investments classified as using","page_number":180,"box":{"x":42,"y":679,"width":920,"height":11}},{"id":"39667640-d6ab-4901-a1fd-cb496ec8d500","block_type":"box","text":"inputs that are not based on observable market data comprise fair value adjusted securities. For information on the basis","page_number":180,"box":{"x":43,"y":692,"width":914,"height":11}},{"id":"6f53608c-ff6b-4e51-bf90-ffdfc3ff5a74","block_type":"box","text":"of fair valuation of investments for these securities and the valuation process undertaken, please refer to note 1l of the","page_number":180,"box":{"x":42,"y":705,"width":914,"height":11}},{"id":"04e5d8e5-4bf7-4502-a9b6-3b2b9d558857","block_type":"box","text":"Accounting Policies of the annual financial statements for the year ended 31 December 2025. Level 3 instruments comprise","page_number":180,"box":{"x":42,"y":718,"width":914,"height":11}},{"id":"ed53c387-d3de-41a0-bd26-3fdd3c2f7de7","block_type":"box","text":"an investment in Home REIT. The Investment Manager’s Valuation Committee have assessed the realisable value attributable","page_number":180,"box":{"x":42,"y":731,"width":914,"height":11}},{"id":"325ddb57-bd41-4474-a4c1-afd9820aeb9a","block_type":"box","text":"to the underlying portfolio of Home REIT and valued it as at 31 December 2025 using an internal model applying a 50%","page_number":180,"box":{"x":42,"y":744,"width":914,"height":11}},{"id":"4679fa6d-850b-495b-9859-90f2de9cca8b","block_type":"box","text":"discount to publicly available information. Home REIT is no longer held by the sub-fund as at 3 July 2026.","page_number":180,"box":{"x":42,"y":757,"width":780,"height":12}},{"id":"dc6a7dc5-8bf8-4d4c-821a-4617664a2891","block_type":"box","text":"180","page_number":181,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"cbe0fa75-6811-4a02-9918-1104f2e98f67","block_type":"box","text":"181","page_number":181,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"d69d7182-0c3e-4671-8edb-6c97353706d9","block_type":"box","text":"SARASIN Balanced Managed","page_number":181,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"81c59787-2d50-41da-b203-cc77b1933a56","block_type":"box","text":"Investment Objective and Policy","page_number":181,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"4c799495-8468-4d6e-a3c1-1afb4e6882ab","block_type":"box","text":"Investment Objective","page_number":181,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"df7f2b00-9bfc-4dd2-ba6b-f054b9db563f","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":181,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"9ffe9ea2-0575-4caa-83eb-20f8563ce6b4","block_type":"box","text":"investment value and income) by 3% per year more than the","page_number":181,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"784be135-1b8c-4cc5-9e04-ee0cba9262fe","block_type":"box","text":"Consumer Price Index (CPI) over a rolling 5 to 7-year period,","page_number":181,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"eab86275-5a8b-4fc9-ac6b-88f975ad8447","block_type":"box","text":"after deducting fees and costs, by investing in a diversified","page_number":181,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"ce926103-f719-4393-9a64-4b01b4e05a34","block_type":"box","text":"range of different asset classes including (but not limited to)","page_number":181,"box":{"x":43,"y":166,"width":449,"height":12}},{"id":"64a5de0c-0983-4d5c-8209-32d22aa9f5a4","block_type":"box","text":"shares and bonds.","page_number":181,"box":{"x":42,"y":181,"width":137,"height":9}},{"id":"05f63a51-dcd8-46c2-9935-5374e7e0b218","block_type":"box","text":"This target is not guaranteed over any period of time and the","page_number":181,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"f78ea537-b391-4151-806a-47068a7ce2bd","block_type":"box","text":"sub-fund could lose value.","page_number":181,"box":{"x":42,"y":220,"width":193,"height":9}},{"id":"0831a4a6-390c-411a-9d4f-b584e6089b13","block_type":"box","text":"Investment Policy","page_number":181,"box":{"x":43,"y":245,"width":141,"height":11}},{"id":"e9fdb426-488f-48e8-a54a-90d543cc803d","block_type":"box","text":"Investments","page_number":181,"box":{"x":43,"y":259,"width":89,"height":9}},{"id":"09c64356-a2c5-4918-b5e8-4dfc90970683","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":181,"box":{"x":42,"y":284,"width":450,"height":9}},{"id":"69a5be9b-27de-460b-9773-7d400f7d04b4","block_type":"box","text":"collective investment schemes (including exchange traded","page_number":181,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"6f9fdc5f-454a-406a-9003-d06024f24f37","block_type":"box","text":"funds, active funds and index trackers). Up to a maximum","page_number":181,"box":{"x":42,"y":313,"width":450,"height":11}},{"id":"01ba76bd-cc55-4c98-b753-98e8ec03e829","block_type":"box","text":"of 50% of the sub-fund may be invested in funds managed","page_number":181,"box":{"x":42,"y":327,"width":450,"height":11}},{"id":"e047b0c1-4f12-4d16-9454-9b39a0921232","block_type":"box","text":"or operated by Sarasin or its associates. Through these","page_number":181,"box":{"x":42,"y":341,"width":450,"height":11}},{"id":"f3f334e6-bff9-4e9e-9441-e4cffac8f424","block_type":"box","text":"investments, the sub-fund will indirectly be exposed to a","page_number":181,"box":{"x":43,"y":355,"width":449,"height":12}},{"id":"7ae5e173-2578-403e-9489-b3344a657604","block_type":"box","text":"range of diversified asset classes including (but not limited","page_number":181,"box":{"x":43,"y":370,"width":449,"height":11}},{"id":"80d70eb0-50c4-4578-be0a-322b14e872df","block_type":"box","text":"to) shares, bonds alternative investments and cash. The","page_number":181,"box":{"x":42,"y":384,"width":450,"height":11}},{"id":"d038533b-b420-4f9b-81ac-382d6a3663f9","block_type":"box","text":"sub-fund may invest up to a maximum of 50% in these asset","page_number":181,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"d3c12a74-3732-4f39-899c-42d4818ee358","block_type":"box","text":"classes directly.","page_number":181,"box":{"x":42,"y":412,"width":116,"height":12}},{"id":"53b2041e-23f9-4a2f-80de-368c733e8e10","block_type":"box","text":"Investment Selection","page_number":181,"box":{"x":43,"y":437,"width":154,"height":9}},{"id":"327ab8c6-c310-4cf9-8732-96df50f14140","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":181,"box":{"x":42,"y":462,"width":450,"height":11}},{"id":"a102a47e-303f-475b-a044-864d6fbbca01","block_type":"box","text":"which offers funds with different expected combinations of","page_number":181,"box":{"x":42,"y":476,"width":450,"height":12}},{"id":"49bf6e48-ad62-4ee9-becf-db1eba4d5a82","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":181,"box":{"x":43,"y":491,"width":449,"height":11}},{"id":"88d69bba-ab7d-472f-97d7-ad21c66be074","block_type":"box","text":"approach to asset allocation, which means it sets long-term","page_number":181,"box":{"x":42,"y":505,"width":450,"height":11}},{"id":"7a3113a1-0205-4ce4-befd-777080dc6cc1","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":181,"box":{"x":42,"y":519,"width":450,"height":11}},{"id":"e66aac71-b864-4c22-b520-c61611471222","block_type":"box","text":"The sub-fund takes a balanced approach and will have a","page_number":181,"box":{"x":42,"y":533,"width":450,"height":12}},{"id":"bcde8898-180e-40a4-975c-b89e57be91f5","block_type":"box","text":"higher strategic weighting to investments that have the","page_number":181,"box":{"x":43,"y":548,"width":449,"height":11}},{"id":"0fec415c-eda1-462a-bef2-7455a7a7ab89","block_type":"box","text":"potential for greater returns but come with a higher risk of","page_number":181,"box":{"x":43,"y":562,"width":449,"height":11}},{"id":"d4ca6bf3-1d4f-4b7d-ad97-f0d8dc4a2b91","block_type":"box","text":"losing capital, principally shares, with a lower strategic","page_number":181,"box":{"x":43,"y":576,"width":449,"height":12}},{"id":"a421985d-be55-4cf5-a7b0-c09749e8956e","block_type":"box","text":"weighting to bonds and cash, which typically have lower risk.","page_number":181,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"07319604-02fb-4f9b-a440-16637310110a","block_type":"box","text":"The sub-fund therefore aims to achieve a moderate level of","page_number":181,"box":{"x":42,"y":605,"width":450,"height":9}},{"id":"9fcc6446-2f10-4a8e-8363-d9be603427b0","block_type":"box","text":"risk and return.","page_number":181,"box":{"x":43,"y":619,"width":109,"height":9}},{"id":"6daad16d-d983-459e-8e16-0b51d660469c","block_type":"box","text":"Exposure will be achieved both directly and indirectly in","page_number":181,"box":{"x":43,"y":644,"width":449,"height":11}},{"id":"ee465362-b6c9-4d36-b696-c0f8d6d77483","block_type":"box","text":"respect of bonds, shares and alternative investments.","page_number":181,"box":{"x":43,"y":658,"width":395,"height":11}},{"id":"6a5716aa-7430-4f50-95a4-1b9052bb8d50","block_type":"box","text":"Between 40-80%, but typically 60%, of the sub-fund will be","page_number":181,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"5a828603-bcbd-4342-9b58-130d108133c9","block_type":"box","text":"exposed to shares in companies from across the world.","page_number":181,"box":{"x":42,"y":697,"width":409,"height":12}},{"id":"6369d355-fb08-4959-89bd-c3bebf22a70d","block_type":"box","text":"Between 10-50%, but typically 30%, of the sub-fund will","page_number":181,"box":{"x":43,"y":722,"width":443,"height":12}},{"id":"28b8d3e0-d559-4e17-91b7-ed7d8fbaae41","block_type":"box","text":"be exposed to bonds, which are loans typically issued by","page_number":181,"box":{"x":43,"y":737,"width":444,"height":11}},{"id":"9fc9cc6d-a06f-4b13-9b97-6efadf039c16","block_type":"box","text":"companies, institutions and governments. This may include","page_number":181,"box":{"x":42,"y":751,"width":445,"height":11}},{"id":"1ff31331-2384-419a-a221-c2389ad6ecbd","block_type":"box","text":"investment grade bonds, where the issuer has a higher","page_number":181,"box":{"x":43,"y":765,"width":445,"height":11}},{"id":"0c2e0614-f99c-4979-abd3-4e74042a871b","block_type":"box","text":"capacity to repay the debt, as well as sub-investment grade","page_number":181,"box":{"x":42,"y":780,"width":445,"height":11}},{"id":"8296cf42-eb75-4883-a67e-6ef382bb9ee5","block_type":"box","text":"bonds, which can be more vulnerable to changing market","page_number":181,"box":{"x":43,"y":794,"width":444,"height":11}},{"id":"ae041772-674d-4348-9703-0db68dfa2f76","block_type":"box","text":"conditions but typically pay a higher rate of interest.","page_number":181,"box":{"x":42,"y":808,"width":380,"height":11}},{"id":"aa6ea3f0-b53a-48f3-a979-c3a465aef8a3","block_type":"box","text":"Between 0-45%, but typically 10%, of the sub-fund will be","page_number":181,"box":{"x":43,"y":833,"width":444,"height":11}},{"id":"e298e0ae-d6d9-463a-8398-e2f3d953a219","block_type":"box","text":"exposed to cash and alternative investments which include,","page_number":181,"box":{"x":42,"y":847,"width":450,"height":11}},{"id":"6c344340-fef9-4126-9d01-4bdd71bbed36","block_type":"box","text":"but are not limited to, infrastructure, commodities (up to a","page_number":181,"box":{"x":43,"y":861,"width":449,"height":12}},{"id":"1ec5f48e-49f7-4836-a5c7-5b9347dd12fc","block_type":"box","text":"max. 10%) and private equity/venture capital which may be","page_number":181,"box":{"x":43,"y":876,"width":449,"height":11}},{"id":"d641c5fc-bba8-4c03-bf1e-5993281f1c9c","block_type":"box","text":"accessed through listed investment trusts and open-ended","page_number":181,"box":{"x":42,"y":890,"width":450,"height":11}},{"id":"18f6fb43-0cf2-4c71-9580-afb032f1d552","block_type":"box","text":"funds or other financial instruments.","page_number":181,"box":{"x":42,"y":904,"width":264,"height":9}},{"id":"d25c82ae-37e6-499c-951e-410916a9837c","block_type":"box","text":"Through investing in other funds, the sub-fund may also be","page_number":181,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"7c38db73-6769-4772-b25c-0c82806c0f29","block_type":"box","text":"exposed to other asset classes such as property, money","page_number":181,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"37ea88f0-e657-4c79-8afa-9a9da086dccb","block_type":"box","text":"market instruments, which are shorter term loans, and other","page_number":181,"box":{"x":513,"y":108,"width":449,"height":10}},{"id":"0bb64ec2-8dc6-43a9-a9b3-96fcaedd62a7","block_type":"box","text":"permitted investments.","page_number":181,"box":{"x":513,"y":122,"width":166,"height":11}},{"id":"78bb2a60-bfb4-42a3-8b46-3ec60d04bd2d","block_type":"box","text":"The sub-fund is actively managed, which means the","page_number":181,"box":{"x":512,"y":147,"width":450,"height":11}},{"id":"5b2c8d33-69b6-431a-ba05-56372f2db4a8","block_type":"box","text":"Investment Manager decides which investments to buy or","page_number":181,"box":{"x":513,"y":161,"width":449,"height":11}},{"id":"12a6c34f-9a2d-42c8-a094-24e64f4013fa","block_type":"box","text":"sell and when, albeit some of these investments may be","page_number":181,"box":{"x":512,"y":175,"width":450,"height":12}},{"id":"7042c259-f0c7-476c-89cb-b9902f43f2e9","block_type":"box","text":"passively managed i.e. typically tracking an index such as","page_number":181,"box":{"x":513,"y":190,"width":449,"height":11}},{"id":"c426b619-3e57-43ad-890d-92b910a72775","block_type":"box","text":"exchange traded funds.","page_number":181,"box":{"x":512,"y":204,"width":174,"height":11}},{"id":"7938c7c5-7098-42e5-9a5e-d108397b7e3d","block_type":"box","text":"Additional Techniques","page_number":181,"box":{"x":511,"y":229,"width":164,"height":11}},{"id":"3c2825d7-7610-4a7f-89ae-1ddc645a30a9","block_type":"box","text":"We may only use derivatives (financial contracts whose value","page_number":181,"box":{"x":512,"y":254,"width":450,"height":11}},{"id":"c74b281a-c996-48f1-bf4c-6d9aef960960","block_type":"box","text":"is linked to the price of another asset e.g. indices, rates,","page_number":181,"box":{"x":513,"y":268,"width":449,"height":11}},{"id":"26ef0fb1-88ae-4e7d-9f31-67ed88cfa70f","block_type":"box","text":"share prices, currencies) to maintain the sub-fund’s value,","page_number":181,"box":{"x":512,"y":282,"width":450,"height":12}},{"id":"5da46153-f363-49ca-94e3-e031d2b90328","block_type":"box","text":"manage investment risk and to gain cost-effective access to","page_number":181,"box":{"x":513,"y":297,"width":449,"height":11}},{"id":"858a65bd-adf2-4d66-a59b-c231eb26c7cb","block_type":"box","text":"underlying investments. Funds purchased may also have the","page_number":181,"box":{"x":513,"y":311,"width":449,"height":11}},{"id":"5e4c635e-c516-4bf8-922c-ec7baa920119","block_type":"box","text":"ability to use derivatives to varying degrees.","page_number":181,"box":{"x":512,"y":325,"width":324,"height":11}},{"id":"0c7f612c-0e0e-46ce-8abf-61ef0f0005ed","block_type":"box","text":"Benchmark Information","page_number":181,"box":{"x":513,"y":350,"width":186,"height":9}},{"id":"2b2aaf04-424b-4bbf-82b8-f5e71447af3e","block_type":"box","text":"The sub-fund’s performance can be assessed by reference","page_number":181,"box":{"x":512,"y":364,"width":450,"height":11}},{"id":"7d83ed1d-3661-49a0-9398-1109776d4a7a","block_type":"box","text":"to the Consumer Price Index (CPI) +3% which is a measure","page_number":181,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"acd69db1-b45b-4bcf-9737-7acdf0613edc","block_type":"box","text":"of inflation as expressed in the Investment Objective. It is","page_number":181,"box":{"x":512,"y":393,"width":450,"height":11}},{"id":"80475906-79de-48a4-921e-5c62f4a0ffd3","block_type":"box","text":"widely used, independently calculated, readily available","page_number":181,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"06356639-f5b1-40c0-b9d9-4a7f98a5cada","block_type":"box","text":"and representative of the long-term return target based on","page_number":181,"box":{"x":512,"y":421,"width":450,"height":12}},{"id":"dcced6f3-0cdc-4542-bdfc-f3268e59d449","block_type":"box","text":"the sub-fund’s typical strategic weighting to different asset","page_number":181,"box":{"x":512,"y":436,"width":450,"height":11}},{"id":"6598ca01-e825-4a0b-830a-77bd5893df04","block_type":"box","text":"classes described above.","page_number":181,"box":{"x":512,"y":450,"width":187,"height":9}},{"id":"d9490fc6-2882-4ce1-a281-11d2ddbf93a9","block_type":"box","text":"Investors may also compare the sub-fund’s performance to","page_number":181,"box":{"x":513,"y":475,"width":449,"height":11}},{"id":"1262b3a1-5384-4878-a51f-56dc21016b09","block_type":"box","text":"the Investment Association (IA) Mixed Investment 40%-85%","page_number":181,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"c3f4fd91-ac5b-4ed6-9daa-ba919fde0dd2","block_type":"box","text":"Shares sector. Many funds sold in the UK are grouped","page_number":181,"box":{"x":512,"y":503,"width":450,"height":12}},{"id":"6c7a8a76-cf51-45ad-a8ae-baa972a771e1","block_type":"box","text":"into sectors by the IA (the trade body that represents UK","page_number":181,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"e09bc279-4b24-4c1d-8ff1-abd09c78df99","block_type":"box","text":"investment managers), to help investors to compare funds","page_number":181,"box":{"x":513,"y":532,"width":449,"height":11}},{"id":"5f3ffcd2-4569-4357-ad57-845703606522","block_type":"box","text":"with broadly similar characteristics. This sub-fund is classified","page_number":181,"box":{"x":512,"y":546,"width":450,"height":11}},{"id":"0b29606f-9a72-4ef4-b87d-a0158ddd2064","block_type":"box","text":"in the IA Mixed Investment 40%-85% Shares Sector and","page_number":181,"box":{"x":513,"y":560,"width":449,"height":9}},{"id":"3abfec06-3702-4bfe-a40d-932a68c13698","block_type":"box","text":"assessing the sub-fund’s performance against this sector will","page_number":181,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"d3dfe9e6-d648-46c1-8e0a-04f5b5fd5ec5","block_type":"box","text":"allow investors to compare how the sub-fund is performing","page_number":181,"box":{"x":512,"y":589,"width":450,"height":11}},{"id":"e4300c59-ccad-4838-80db-fffab97a7f30","block_type":"box","text":"relative to its peers.","page_number":181,"box":{"x":513,"y":603,"width":143,"height":11}},{"id":"9ee0b6ca-f094-4933-9fa3-e6b674e5cadc","block_type":"box","text":"181","page_number":182,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"706c5636-7241-47f3-9690-364e1fde952b","block_type":"box","text":"SARASIN Balanced Managed","page_number":182,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"8d5d60d0-4eb7-48c2-82a3-f109bd2b66d5","block_type":"box","text":"Sensitivity Analysis","page_number":182,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"6453c3bc-0609-4cc3-a62b-5ca331ebfe4f","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":182,"box":{"x":42,"y":93,"width":450,"height":9}},{"id":"39c4004c-0005-48ad-a972-98e73fd068d9","block_type":"box","text":"collective investment schemes. Up to a maximum of 50%","page_number":182,"box":{"x":42,"y":108,"width":450,"height":11}},{"id":"7e3d520a-39f5-4988-8881-40124e90f65a","block_type":"box","text":"may be invested in funds managed or operated by Sarasin or","page_number":182,"box":{"x":43,"y":122,"width":449,"height":11}},{"id":"83eded88-274a-4358-bda9-ab2911e6144b","block_type":"box","text":"its associates. Through these investments, the sub-fund will","page_number":182,"box":{"x":43,"y":136,"width":449,"height":11}},{"id":"52340089-eae5-406b-9c06-7b7e63299afe","block_type":"box","text":"indirectly be exposed to a range of diversified asset classes","page_number":182,"box":{"x":43,"y":150,"width":449,"height":12}},{"id":"e550c62f-fc15-4639-aa4d-8746afcd32ef","block_type":"box","text":"including equities, bonds, alternative investments and cash.","page_number":182,"box":{"x":43,"y":165,"width":449,"height":11}},{"id":"a74b94f7-c6fa-4f2c-9620-73c062d45dda","block_type":"box","text":"The sub-fund may invest up to a maximum of 50% in these","page_number":182,"box":{"x":42,"y":179,"width":450,"height":11}},{"id":"6e787044-6a29-4312-9497-547f90725d93","block_type":"box","text":"asset classes directly.","page_number":182,"box":{"x":42,"y":193,"width":160,"height":11}},{"id":"3a4ee9e2-87cb-464e-bea9-463d17488bd6","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":182,"box":{"x":42,"y":218,"width":450,"height":11}},{"id":"2dbdf15a-06e8-45fd-bd7d-86d6bdefa955","block_type":"box","text":"which offers funds with different expected combinations of","page_number":182,"box":{"x":42,"y":232,"width":450,"height":11}},{"id":"cc33eee8-9054-4ca0-8b94-88ae501a343d","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":182,"box":{"x":43,"y":247,"width":449,"height":11}},{"id":"e259fee7-dc28-4fcd-a466-80ec674be2fb","block_type":"box","text":"approach to asset allocation which means it sets long term","page_number":182,"box":{"x":42,"y":261,"width":450,"height":11}},{"id":"228d55fd-3a1b-48ed-a3e7-6dd3d9f53580","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":182,"box":{"x":42,"y":275,"width":450,"height":11}},{"id":"031f6468-cd8d-43f5-bc2e-1c653c0c856a","block_type":"box","text":"The sub-fund aims to achieve a moderate level of risk and","page_number":182,"box":{"x":42,"y":289,"width":450,"height":9}},{"id":"fc05118d-e728-43bc-b966-29be399d6416","block_type":"box","text":"return. Between 10-50%, but typically 30%, of the sub-fund","page_number":182,"box":{"x":43,"y":304,"width":449,"height":11}},{"id":"65d0daf6-8abd-437a-bb4c-5c12aaf2d47d","block_type":"box","text":"will be exposed to bonds. Between 40-80%, but typically","page_number":182,"box":{"x":42,"y":318,"width":450,"height":11}},{"id":"37df132c-26ff-4c34-98a8-bbf0fb3fa048","block_type":"box","text":"60%, of the sub-fund will be exposed to equities. Between","page_number":182,"box":{"x":42,"y":332,"width":450,"height":11}},{"id":"ef3fcb4d-af64-4063-8633-a0a6c37d95ce","block_type":"box","text":"0-45%, but typically 10%, of the sub-fund will be exposed to","page_number":182,"box":{"x":43,"y":346,"width":449,"height":12}},{"id":"97d2b539-bd62-4b7e-a82a-d977adb0cad1","block_type":"box","text":"cash and alternative investments.","page_number":182,"box":{"x":42,"y":361,"width":248,"height":9}},{"id":"1302ebc4-3df1-4247-8cc5-59ac6431c1a1","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":182,"box":{"x":43,"y":386,"width":449,"height":9}},{"id":"b724b5ec-1f27-4731-b244-20db6c94436a","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":182,"box":{"x":43,"y":400,"width":449,"height":11}},{"id":"2a6dbe78-012d-4a72-a935-1d8e97a39165","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":182,"box":{"x":42,"y":414,"width":450,"height":11}},{"id":"3b2568b0-7326-45c8-b873-0a9d5409e838","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":182,"box":{"x":42,"y":428,"width":450,"height":12}},{"id":"ef208bf5-27b1-459b-ab17-98575662a4ca","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":182,"box":{"x":42,"y":443,"width":450,"height":11}},{"id":"d64e2818-04b7-4c55-a975-76e8becd0247","block_type":"box","text":"Carlo simulation methodology.","page_number":182,"box":{"x":43,"y":457,"width":222,"height":11}},{"id":"439325a9-eefb-4120-9874-a11e0eb4841c","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":182,"box":{"x":42,"y":482,"width":450,"height":11}},{"id":"a3ec47cb-fd76-49ba-9138-a0dce886da58","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":182,"box":{"x":43,"y":496,"width":449,"height":11}},{"id":"18dc23a2-49da-48f9-8d81-d84e0240ea9e","block_type":"box","text":"portfolio over a specific timeframe.","page_number":182,"box":{"x":43,"y":510,"width":253,"height":12}},{"id":"a55fd071-93bd-4a3c-93d0-2dadedc9a8ff","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":182,"box":{"x":42,"y":535,"width":445,"height":11}},{"id":"e212d1ac-1d56-420e-9eb3-fd9604575c82","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":182,"box":{"x":43,"y":550,"width":449,"height":11}},{"id":"9b91992a-1eb5-4ae2-b113-420111f34be2","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":182,"box":{"x":43,"y":564,"width":449,"height":11}},{"id":"5c854ac6-730d-4cb6-83ae-fa82fd63df57","block_type":"box","text":"based on the 99th percentile. This is intended to show, with a","page_number":182,"box":{"x":43,"y":578,"width":449,"height":11}},{"id":"dcd320a6-c920-4bff-8464-35e7838b6a38","block_type":"box","text":"99% degree of confidence, the maximum amount that might","page_number":182,"box":{"x":43,"y":592,"width":449,"height":12}},{"id":"a3e677f5-df84-4318-bf8c-61c4f48e34ad","block_type":"box","text":"be lost over a 20-day period.","page_number":182,"box":{"x":43,"y":607,"width":210,"height":11}},{"id":"fa7b6ec0-454d-413f-9e5b-295e1bbc8153","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Balanced Managed,","page_number":182,"box":{"x":42,"y":632,"width":450,"height":11}},{"id":"9e3ad48c-6a34-43ba-ae01-bdc3127c647e","block_type":"box","text":"as at 3 July 2026, was 5.31% (31 December 2025: 4.93%).","page_number":182,"box":{"x":42,"y":646,"width":450,"height":11}},{"id":"63c7113b-c42b-4c12-ae1c-8cd11a27b31d","block_type":"box","text":"The lowest, highest and average utilisation in the period was","page_number":182,"box":{"x":42,"y":660,"width":450,"height":11}},{"id":"1b37bc0e-c16b-4f69-9104-3beafee2657d","block_type":"box","text":"4.83%, 5.62% and 5.21%, respectively (31 December 2025:","page_number":182,"box":{"x":42,"y":674,"width":450,"height":12}},{"id":"6e9469ac-5648-4aac-a1bb-7c96809495be","block_type":"box","text":"4.93%, 6.48% and 5.39%, respectively).","page_number":182,"box":{"x":42,"y":689,"width":296,"height":11}},{"id":"ef051f68-1ec9-455a-bb4b-8c966c3d21a6","block_type":"box","text":"182","page_number":183,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"bc2aa23b-388c-44b3-91e3-269e8807bd05","block_type":"box","text":"183","page_number":183,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"612c0c04-4e47-449a-85ea-cf355f1d401a","block_type":"box","text":"SARASIN Balanced Managed","page_number":183,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"b4b86805-8481-4d98-813e-987381c8e9cb","block_type":"box","text":"Investment Review \r\new","page_number":183,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"506722e2-a36c-4200-9b47-b4d80ba3e982","block_type":"box","text":"Investment Review","page_number":183,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"3b331a06-f49e-4d3d-8ebc-e4538477fb4c","block_type":"box","text":"Sub-fund Performance","page_number":183,"box":{"x":42,"y":95,"width":186,"height":9}},{"id":"e99a0e25-6d9d-4326-93f5-cb280fc953b3","block_type":"box","text":"Cumulative performance","page_number":183,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"24238226-b20b-4cd8-98f3-3e617aaeb5af","block_type":"box","text":"6 mos","page_number":183,"box":{"x":452,"y":121,"width":45,"height":9}},{"id":"1de29c00-9606-4f0c-befd-9c617b263cc2","block_type":"box","text":"1 yr","page_number":183,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"26df83fb-1603-406e-888b-5f548bc7f8fd","block_type":"box","text":"3 yrs","page_number":183,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"3ea235ac-65bb-41e8-a4dc-7ba80387efcb","block_type":"box","text":"5 yrs","page_number":183,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"e8ad4189-9948-4515-8fec-09f26e640e03","block_type":"box","text":"Since","page_number":183,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"6d65c4cf-ef8b-44ff-98f6-91d57843964e","block_type":"box","text":"Inception","page_number":183,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"fddb7852-c93b-4a47-b197-54c8c971984a","block_type":"box","text":"01 Jan 26 –","page_number":183,"box":{"x":431,"y":146,"width":92,"height":9}},{"id":"5d056c3a-ab44-415d-806b-ace71345f080","block_type":"box","text":"03 Jul 26","page_number":183,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"2bf44e06-6a93-4ad3-9cec-5d7f74081982","block_type":"box","text":"01 Jul 25 –","page_number":183,"box":{"x":541,"y":146,"width":86,"height":9}},{"id":"40bf7ef1-be6b-43ff-a248-ea2a91c8ee90","block_type":"box","text":"03 Jul 26","page_number":183,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"8719f979-59da-4cda-aa08-d765967b6592","block_type":"box","text":"01 Jul 23 –","page_number":183,"box":{"x":647,"y":146,"width":86,"height":9}},{"id":"3e61263d-3d2a-4f56-881b-e4c8e329a5f5","block_type":"box","text":"03 Jul 26","page_number":183,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"e7365aa2-f697-4edd-906d-f1343ff466a8","block_type":"box","text":"01 Jul 21 –","page_number":183,"box":{"x":754,"y":146,"width":86,"height":9}},{"id":"f90bd50f-985c-403b-b95b-08e9eb29295f","block_type":"box","text":"03 Jul 26","page_number":183,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"17b6d925-7b25-4ded-9a07-6b59a5859b6d","block_type":"box","text":"29 Apr 25 –","page_number":183,"box":{"x":859,"y":146,"width":90,"height":11}},{"id":"86b86558-70e4-46a8-b0d3-b85441147c9e","block_type":"box","text":"03 Jul 26","page_number":183,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"f95e2489-6b59-4119-9c9e-6a4f61e9d2cf","block_type":"box","text":"%","page_number":183,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"d70e936f-91d8-40b2-be38-a673afebbead","block_type":"box","text":"%","page_number":183,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"03fc6ea8-faf2-4b83-8d95-68c4e6e69948","block_type":"box","text":"%","page_number":183,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"3c1da1b0-6b08-4e8a-abc7-53c1453dc1b7","block_type":"box","text":"%","page_number":183,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"50570024-f0a8-4978-8d0c-f96fd0ded402","block_type":"box","text":"%","page_number":183,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"c5d2d248-1444-4d26-9786-bcd70e50fa7d","block_type":"box","text":"Fund","page_number":183,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"08682f13-bb8d-4b4f-bebc-9ac53f3e32a7","block_type":"box","text":"M Acc (Net)","page_number":183,"box":{"x":308,"y":196,"width":86,"height":11}},{"id":"6aeb9b56-077c-410e-911a-ca5b0173017c","block_type":"box","text":"7.60","page_number":183,"box":{"x":459,"y":196,"width":31,"height":9}},{"id":"d0f73106-ac02-4037-8630-daeef59c5369","block_type":"box","text":"17.50","page_number":183,"box":{"x":562,"y":196,"width":39,"height":9}},{"id":"e1dc6351-1816-4dd1-9dcd-413ca093c259","block_type":"box","text":"–","page_number":183,"box":{"x":683,"y":201,"width":9,"height":1}},{"id":"03105607-47f5-4ef2-a85a-95dfef801473","block_type":"box","text":"–","page_number":183,"box":{"x":790,"y":201,"width":9,"height":1}},{"id":"a6c7f1c8-0514-4976-bffe-cedf83151e94","block_type":"box","text":"24.20","page_number":183,"box":{"x":881,"y":196,"width":41,"height":9}},{"id":"bd72af9d-ced7-43a0-8888-b861bee97436","block_type":"box","text":"Comparator","page_number":183,"box":{"x":49,"y":209,"width":88,"height":11}},{"id":"c8dcc710-15c8-4025-8a8f-24cf3a3078d8","block_type":"box","text":"Index","page_number":183,"box":{"x":308,"y":209,"width":40,"height":9}},{"id":"163db8e3-416e-4cbb-867d-11ad0190de72","block_type":"box","text":"7.70","page_number":183,"box":{"x":459,"y":209,"width":31,"height":9}},{"id":"07a971f6-4df6-4d19-993f-75b3cfdef11c","block_type":"box","text":"17.30","page_number":183,"box":{"x":562,"y":209,"width":39,"height":9}},{"id":"2f7de2ba-472a-4246-80c5-5d2fedee87e7","block_type":"box","text":"–","page_number":183,"box":{"x":683,"y":214,"width":9,"height":1}},{"id":"7af08fff-1d29-4e5c-915f-8150c8a1b47c","block_type":"box","text":"–","page_number":183,"box":{"x":790,"y":214,"width":9,"height":1}},{"id":"56abd991-da7e-4e1d-ab8b-0acde9a9bbf8","block_type":"box","text":"23.50","page_number":183,"box":{"x":881,"y":209,"width":41,"height":9}},{"id":"1aaed5e2-2feb-47d7-a653-d5886ccc8805","block_type":"box","text":"Discrete performance","page_number":183,"box":{"x":52,"y":253,"width":171,"height":11}},{"id":"8a2dc3cc-7796-4d0b-bb5c-4d7f76ac712e","block_type":"box","text":"01 Jul 25 –","page_number":183,"box":{"x":434,"y":253,"width":86,"height":9}},{"id":"1c1b2a48-c22d-4f6c-b071-2914b01e26fe","block_type":"box","text":"03 Jul 26","page_number":183,"box":{"x":441,"y":268,"width":67,"height":8}},{"id":"095e066b-04a2-4c0b-9996-ffb45cbf9236","block_type":"box","text":"01 Jul 24 –","page_number":183,"box":{"x":541,"y":253,"width":86,"height":9}},{"id":"577edf9e-88a8-40f1-9f14-ed44f5922654","block_type":"box","text":"30 Jun 25","page_number":183,"box":{"x":545,"y":268,"width":72,"height":8}},{"id":"d29deb03-089b-4636-ab20-d0a4e4d0d6cf","block_type":"box","text":"01 Jul 23 –","page_number":183,"box":{"x":647,"y":253,"width":86,"height":9}},{"id":"a5d4aac0-a1f3-4f43-b0ae-63cebfc7323e","block_type":"box","text":"30 Jun 24","page_number":183,"box":{"x":652,"y":268,"width":72,"height":8}},{"id":"d7bb503d-78da-46b5-a531-cc463d0fb0de","block_type":"box","text":"01 Jul 22 –","page_number":183,"box":{"x":754,"y":253,"width":86,"height":9}},{"id":"029308b4-7fc4-4f4f-9fe3-0cc078edfb8c","block_type":"box","text":"30 Jun 23","page_number":183,"box":{"x":758,"y":268,"width":72,"height":8}},{"id":"2116bac8-744a-464f-9e95-2f373131f1e8","block_type":"box","text":"01 Jul 21 –","page_number":183,"box":{"x":861,"y":253,"width":86,"height":9}},{"id":"76eb0da9-ccef-4309-8b78-22b414622f19","block_type":"box","text":"30 Jun 22","page_number":183,"box":{"x":866,"y":268,"width":72,"height":8}},{"id":"da88fca1-0b29-4330-b05a-6d7ad7d26e44","block_type":"box","text":"%","page_number":183,"box":{"x":468,"y":290,"width":13,"height":9}},{"id":"9fc73bb4-88a5-448a-a845-df1b813eeccf","block_type":"box","text":"%","page_number":183,"box":{"x":575,"y":290,"width":13,"height":9}},{"id":"25d4dcaa-a827-451d-8b76-ecbba1ebe8d4","block_type":"box","text":"%","page_number":183,"box":{"x":681,"y":290,"width":13,"height":9}},{"id":"1ab75e5f-8370-4f0a-a915-a20b0f7faf9a","block_type":"box","text":"%","page_number":183,"box":{"x":788,"y":290,"width":13,"height":9}},{"id":"d6ee3d63-ea3a-483e-b66e-fcebb25520c8","block_type":"box","text":"%","page_number":183,"box":{"x":895,"y":290,"width":13,"height":9}},{"id":"1f0b6e37-4ef8-4038-b19f-62c84fe27ba2","block_type":"box","text":"Fund","page_number":183,"box":{"x":50,"y":303,"width":36,"height":9}},{"id":"ae744405-4eb7-40ca-8746-10976344ddb6","block_type":"box","text":"M Acc (Net)","page_number":183,"box":{"x":308,"y":303,"width":86,"height":11}},{"id":"d6d42343-b19c-49b1-9c70-804014819ff1","block_type":"box","text":"17.50","page_number":183,"box":{"x":455,"y":303,"width":40,"height":9}},{"id":"d0330528-be0b-47bd-966a-dc2c40d66da5","block_type":"box","text":"–","page_number":183,"box":{"x":576,"y":308,"width":10,"height":1}},{"id":"460f9075-0394-44ee-9153-e5cfcc4dedb2","block_type":"box","text":"–","page_number":183,"box":{"x":683,"y":308,"width":9,"height":1}},{"id":"6e60b5cb-8c6b-402b-aabf-f993ee92ec22","block_type":"box","text":"–","page_number":183,"box":{"x":790,"y":308,"width":9,"height":1}},{"id":"610f5b96-4281-4399-b09a-d0048a8dfff8","block_type":"box","text":"–","page_number":183,"box":{"x":897,"y":308,"width":9,"height":1}},{"id":"5974f7fc-0f08-4ddb-baa8-eccec4cbe3f3","block_type":"box","text":"Comparator","page_number":183,"box":{"x":49,"y":316,"width":88,"height":12}},{"id":"123329bb-ce2d-4046-9a52-fbecf472768e","block_type":"box","text":"Index","page_number":183,"box":{"x":308,"y":317,"width":40,"height":8}},{"id":"14d05328-8cc4-44d3-82ac-4a25d6043739","block_type":"box","text":"17.30","page_number":183,"box":{"x":455,"y":316,"width":40,"height":9}},{"id":"9d9b0fc5-6de7-433d-95d6-11ce80ccd84a","block_type":"box","text":"–","page_number":183,"box":{"x":576,"y":322,"width":10,"height":0}},{"id":"7813a652-909c-41d1-8b94-f5f9d2b212e1","block_type":"box","text":"–","page_number":183,"box":{"x":683,"y":322,"width":9,"height":0}},{"id":"5a19ff6e-8198-4fc8-bbb2-d17766ea7b4a","block_type":"box","text":"–","page_number":183,"box":{"x":790,"y":322,"width":9,"height":0}},{"id":"79b561a6-699d-4426-85b2-57e2453a7639","block_type":"box","text":"–","page_number":183,"box":{"x":897,"y":322,"width":9,"height":0}},{"id":"867daf07-6ebe-4cf7-b89e-4b6ce59ca401","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":183,"box":{"x":43,"y":376,"width":220,"height":6}},{"id":"a3f52ddf-b996-40b6-81ce-566cd891645f","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":183,"box":{"x":43,"y":395,"width":444,"height":7}},{"id":"f33222bd-8f83-44da-8400-5681f664d727","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":183,"box":{"x":42,"y":404,"width":445,"height":7}},{"id":"94e15ed2-4878-441f-8fb1-4fdaf5b8a77b","block_type":"box","text":"reinvested.","page_number":183,"box":{"x":42,"y":413,"width":48,"height":5}},{"id":"4d7df369-d4c3-40ec-8f9b-a0196c6fe8dc","block_type":"box","text":"Class M (Acc) has been used as the representative share class in the table above, which launched","page_number":183,"box":{"x":42,"y":432,"width":445,"height":6}},{"id":"53585a82-5173-4d29-8486-21096cf0dea8","block_type":"box","text":"on 29 April 2025.","page_number":183,"box":{"x":42,"y":440,"width":75,"height":7}},{"id":"f78e5e01-26b0-4896-8685-5674d634620b","block_type":"box","text":"Please note that the performance target is to be achieved over a specific annualised time period -","page_number":183,"box":{"x":43,"y":460,"width":444,"height":6}},{"id":"e4303fcd-48b1-44a8-bb2d-fad00d13b0ed","block_type":"box","text":"refer to the investment objective above.","page_number":183,"box":{"x":42,"y":468,"width":175,"height":7}},{"id":"20c3ce38-cd02-4a07-aaea-62b956cfe806","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":183,"box":{"x":43,"y":487,"width":444,"height":7}},{"id":"a7ab2cd6-b307-4782-bcbe-048ad6234efd","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":183,"box":{"x":42,"y":496,"width":116,"height":7}},{"id":"11f96bc0-6984-4262-a330-fa225ad7047b","block_type":"box","text":"Performance","page_number":183,"box":{"x":43,"y":517,"width":101,"height":9}},{"id":"a267bc50-ed81-4591-aa4d-78b6afe887d1","block_type":"box","text":"The sub-fund returned 7.60% (net of charges) over the period","page_number":183,"box":{"x":42,"y":532,"width":450,"height":11}},{"id":"965049e0-f40a-476e-a675-1fd4faa645a1","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus the comparator","page_number":183,"box":{"x":42,"y":546,"width":450,"height":11}},{"id":"c541c11a-2fdc-4298-b657-4542df43fb90","block_type":"box","text":"benchmark’s return of 7.70%.","page_number":183,"box":{"x":43,"y":560,"width":216,"height":9}},{"id":"8567bc78-b2e7-4335-b63d-8c96d47fe91c","block_type":"box","text":"Review","page_number":183,"box":{"x":43,"y":585,"width":57,"height":9}},{"id":"78666631-67b7-47a3-9d04-09e281a61fd5","block_type":"box","text":"Investor sentiment over the first half of 2026 was shaped","page_number":183,"box":{"x":43,"y":599,"width":449,"height":11}},{"id":"05211b45-073d-419a-be22-1f81af4788b8","block_type":"box","text":"by several factors, most notably developments in the","page_number":183,"box":{"x":43,"y":614,"width":449,"height":11}},{"id":"beae2285-c2bc-460e-9db4-eedd57e72958","block_type":"box","text":"US-Iran conflict. The outbreak of hostilities initially increased","page_number":183,"box":{"x":43,"y":628,"width":449,"height":11}},{"id":"0a1e8484-6085-4d49-8131-07244edc39e6","block_type":"box","text":"uncertainty and resulted in the temporary closure of the Strait","page_number":183,"box":{"x":43,"y":642,"width":449,"height":11}},{"id":"38760527-dcc0-4bf2-965d-c8e5632c7afc","block_type":"box","text":"of Hormuz. As the conflict showed signs of de-escalation","page_number":183,"box":{"x":42,"y":656,"width":450,"height":12}},{"id":"31df977c-27f3-4494-ae5c-a0a01ad832ee","block_type":"box","text":"later in the period, investor confidence improved, supporting","page_number":183,"box":{"x":43,"y":671,"width":449,"height":11}},{"id":"02a72639-294d-43fc-a4ac-163be790be2d","block_type":"box","text":"a broad recovery in risk assets.","page_number":183,"box":{"x":42,"y":685,"width":231,"height":11}},{"id":"904dadb7-77c6-4669-8a87-0a46e5039c10","block_type":"box","text":"Oil prices fell sharply as expectations of a resolution","page_number":183,"box":{"x":43,"y":710,"width":443,"height":11}},{"id":"50c069ff-268a-4a38-ad92-34348465aea0","block_type":"box","text":"strengthened. With concerns over energy supply receding,","page_number":183,"box":{"x":42,"y":724,"width":444,"height":11}},{"id":"b4952fbe-4462-45d5-91a0-6a884271716a","block_type":"box","text":"market attention returned to the structural investment","page_number":183,"box":{"x":43,"y":739,"width":444,"height":8}},{"id":"eb0bb3bc-fdff-478a-83db-fdc9ac62c724","block_type":"box","text":"opportunity presented by Artificial Intelligence (AI). Continued","page_number":183,"box":{"x":42,"y":753,"width":444,"height":11}},{"id":"de9750b7-30b9-443e-bd03-496b9ccbf82c","block_type":"box","text":"investment in AI infrastructure, together with upward revisions","page_number":183,"box":{"x":43,"y":767,"width":444,"height":11}},{"id":"e1b4cd59-82da-4896-b8e2-508cded1744f","block_type":"box","text":"to corporate capital expenditure plans and global earnings","page_number":183,"box":{"x":42,"y":781,"width":445,"height":11}},{"id":"1b86d074-097b-4df4-bf70-7d4103bd8e09","block_type":"box","text":"expectations, supported technology shares.","page_number":183,"box":{"x":42,"y":795,"width":322,"height":12}},{"id":"bf69a59c-3f95-4b01-93e3-b07c8273fc07","block_type":"box","text":"Emerging markets were among the strongest-performing","page_number":183,"box":{"x":43,"y":820,"width":443,"height":12}},{"id":"9c18e00e-c5c4-45b8-8d71-5b7e74ded985","block_type":"box","text":"regions, driven largely by their significant exposure to","page_number":183,"box":{"x":43,"y":835,"width":444,"height":11}},{"id":"43a5b584-b436-4b00-a099-d7c2cb81c1a0","block_type":"box","text":"semiconductor and information technology hardware","page_number":183,"box":{"x":42,"y":849,"width":450,"height":11}},{"id":"2e897f38-b893-4f3a-aedf-1a940d77c1c6","block_type":"box","text":"companies.","page_number":183,"box":{"x":42,"y":863,"width":84,"height":11}},{"id":"6cd3f031-8ae8-40cd-afb3-e81789bf0d54","block_type":"box","text":"Government bond markets weakened during the early part","page_number":183,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"2b2a0855-e7af-4349-8ea1-798aa66ea60b","block_type":"box","text":"of the period as higher energy prices renewed inflation","page_number":183,"box":{"x":512,"y":393,"width":450,"height":11}},{"id":"52ca1f0d-0811-4e13-abfc-73387df3494f","block_type":"box","text":"concerns, particularly in the UK, where the economy was","page_number":183,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"e6c676aa-dcc2-4e03-b762-a4ba8d5905f7","block_type":"box","text":"viewed as relatively exposed to rising fuel costs. UK Gilts","page_number":183,"box":{"x":512,"y":421,"width":450,"height":11}},{"id":"d83c2516-8cca-4d1c-90bd-d7ae74b72df0","block_type":"box","text":"subsequently recovered as inflation data came in below","page_number":183,"box":{"x":512,"y":435,"width":450,"height":12}},{"id":"c686fdf1-fa82-4bcc-becd-de32c04d53dc","block_type":"box","text":"expectations, reducing the perceived likelihood of further","page_number":183,"box":{"x":512,"y":450,"width":450,"height":11}},{"id":"7d2198fb-ac3e-4059-bb48-5e67f64fab64","block_type":"box","text":"interest rate increases.","page_number":183,"box":{"x":513,"y":464,"width":167,"height":9}},{"id":"246683a4-c217-44aa-a30c-768d4323be61","block_type":"box","text":"Commodity markets also reflected the changing geopolitical","page_number":183,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"c74070d3-4f91-46a6-8ac2-7f8706c64fa8","block_type":"box","text":"backdrop. Following an initial surge in oil and gas prices,","page_number":183,"box":{"x":513,"y":503,"width":449,"height":11}},{"id":"29ad7728-0568-4bf0-a0cb-31ecfc47e3f2","block_type":"box","text":"broad commodity prices declined as tensions eased. Gold","page_number":183,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"a9b037c4-53d6-46e0-8958-f11090a0c3ea","block_type":"box","text":"and other precious metals weakened as the US dollar","page_number":183,"box":{"x":512,"y":532,"width":450,"height":11}},{"id":"5646c3be-4fbf-4d4a-b6e2-32e3b5c4b166","block_type":"box","text":"strengthened and expectations for higher US interest","page_number":183,"box":{"x":512,"y":546,"width":450,"height":11}},{"id":"e1f6594f-35a4-4bbe-958d-e7fd68a7249f","block_type":"box","text":"rates increased. In contrast, industrial metals advanced","page_number":183,"box":{"x":513,"y":560,"width":449,"height":11}},{"id":"2f27eb41-5065-495b-aedd-da1182079631","block_type":"box","text":"on continued demand linked to technology investment and","page_number":183,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"0c26ae21-e233-492e-ba7c-07cc3e41492d","block_type":"box","text":"infrastructure spending.","page_number":183,"box":{"x":513,"y":589,"width":173,"height":11}},{"id":"0b1c5a1e-2ade-4c06-81cf-770df8e95ce4","block_type":"box","text":"Positives","page_number":183,"box":{"x":513,"y":614,"width":72,"height":8}},{"id":"e6d5993c-3162-425a-bc50-3fc3b106a322","block_type":"box","text":"Our allocations to Xtrackers MSCI Emerging Markets UCITS","page_number":183,"box":{"x":512,"y":628,"width":450,"height":11}},{"id":"8a115916-bd56-460a-97ce-d545a920364d","block_type":"box","text":"ETF made a positive contribution to performance as the","page_number":183,"box":{"x":513,"y":642,"width":449,"height":11}},{"id":"9f6c6229-08f5-4398-abe0-09e03a94694e","block_type":"box","text":"region outperformed global equity markets.","page_number":183,"box":{"x":513,"y":656,"width":316,"height":12}},{"id":"38d2f0f2-c423-4f1d-a22e-0273d7b07428","block_type":"box","text":"Our exposure to Vanguard FTSE Developed Asia Pacific","page_number":183,"box":{"x":512,"y":681,"width":450,"height":12}},{"id":"2e1f0445-149a-4e06-ab3f-98b9e56deb59","block_type":"box","text":"ex Japan UCITS ETF also added value, reflecting the","page_number":183,"box":{"x":512,"y":696,"width":444,"height":11}},{"id":"c8a88994-e0b6-4e70-a787-fd439dd14cd3","block_type":"box","text":"region's strong equity market returns given exposure to","page_number":183,"box":{"x":513,"y":710,"width":444,"height":11}},{"id":"0804ca37-7fc5-4502-8064-260f061b75d7","block_type":"box","text":"semiconductor and memory companies.","page_number":183,"box":{"x":512,"y":724,"width":296,"height":11}},{"id":"261a000c-563f-4182-8ed5-aabcc05194c2","block_type":"box","text":"Japanese equities also performed well during the period,","page_number":183,"box":{"x":512,"y":749,"width":444,"height":11}},{"id":"76d7ae0d-01f9-4a0e-804a-141bc63ce676","block_type":"box","text":"and our allocation to the market through an iShares Core","page_number":183,"box":{"x":512,"y":763,"width":444,"height":12}},{"id":"7039a9c2-7644-40a0-b7cf-4903ff55090c","block_type":"box","text":"MSCI Japan IMI UCITS ETF USD Accumulation contributed","page_number":183,"box":{"x":513,"y":778,"width":443,"height":11}},{"id":"a8fa8428-665e-4b58-bcbd-5ff143595602","block_type":"box","text":"positively to overall sub-fund performance.","page_number":183,"box":{"x":513,"y":792,"width":313,"height":11}},{"id":"786e31b5-d074-474f-ab1e-74e6c2f2fe84","block_type":"box","text":"Negatives","page_number":183,"box":{"x":513,"y":817,"width":77,"height":11}},{"id":"0ec9a01a-87ec-48dd-b0ee-b1d102d64f0d","block_type":"box","text":"Most of the significant detractors over the period were","page_number":183,"box":{"x":513,"y":831,"width":443,"height":11}},{"id":"595ba369-77db-4066-a1fe-6c60d94c3a04","block_type":"box","text":"individual stocks.","page_number":183,"box":{"x":513,"y":846,"width":130,"height":8}},{"id":"7d8f835e-3fa3-4d84-9cfb-80a72e309d37","block_type":"box","text":"EssilorLuxottica detracted from performance, sentiment","page_number":183,"box":{"x":513,"y":870,"width":449,"height":11}},{"id":"b25c0caa-bb98-4e73-ab9a-9ab522836055","block_type":"box","text":"around the company’s smart glasses and the impact on","page_number":183,"box":{"x":512,"y":885,"width":450,"height":11}},{"id":"40c4960f-2ef2-4c5e-be95-28f3424460ed","block_type":"box","text":"margins has driven the stock price and has been more","page_number":183,"box":{"x":513,"y":899,"width":449,"height":11}},{"id":"a1fec1f7-f736-434c-a8bb-04ec8c614343","block_type":"box","text":"negative in the first half of this period.","page_number":183,"box":{"x":513,"y":913,"width":281,"height":11}},{"id":"6c6d9360-82bb-4553-aa2d-9700beb312e2","block_type":"box","text":"183","page_number":184,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"a2f592c4-aaf0-43b2-835b-ef188ff7eb46","block_type":"box","text":"SARASIN Balanced Managed","page_number":184,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"661fc1f5-3e20-4c20-a611-2f998cb971cd","block_type":"box","text":"Tencent Holdings has suffered on concerns around its","page_number":184,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"b610ff7a-507a-4d0b-8244-3d983bcebdc4","block_type":"box","text":"progress in AI despite heavy investment.","page_number":184,"box":{"x":43,"y":124,"width":305,"height":11}},{"id":"134a4aaa-35ea-414d-af86-666f9cc80d50","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton underperformed due","page_number":184,"box":{"x":43,"y":149,"width":449,"height":11}},{"id":"e74ae7f0-800f-4c9c-a3e6-80438e79b6be","block_type":"box","text":"to weak sentiment towards luxury goods, particularly amid","page_number":184,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"dd4a3cd5-d6a1-46a5-bd6e-d2513d0a101e","block_type":"box","text":"concerns over slowing growth in China.","page_number":184,"box":{"x":42,"y":177,"width":290,"height":11}},{"id":"9c5462d4-e0c7-470d-b53a-abcea8f9d240","block_type":"box","text":"Transactions","page_number":184,"box":{"x":42,"y":202,"width":103,"height":9}},{"id":"0d73c31d-3f15-4744-bda9-5e804e56a910","block_type":"box","text":"We increased exposure to UK government bonds following","page_number":184,"box":{"x":42,"y":216,"width":450,"height":12}},{"id":"fc6cae5a-8783-44d6-99b6-afe170d09c03","block_type":"box","text":"the rise in yields, which created a more attractive valuation","page_number":184,"box":{"x":42,"y":231,"width":450,"height":11}},{"id":"c61fec3a-ab1c-4533-a523-0a4c93bb4f40","block_type":"box","text":"opportunity.","page_number":184,"box":{"x":42,"y":245,"width":85,"height":11}},{"id":"a944f156-64e0-4f59-833e-c3548097a115","block_type":"box","text":"We also added to our position in Xtrackers MSCI Emerging","page_number":184,"box":{"x":42,"y":270,"width":450,"height":11}},{"id":"c4f23005-b1ce-41a1-a2fc-93e513f3fff6","block_type":"box","text":"Markets UCITS ETF, reflecting the improving outlook for the","page_number":184,"box":{"x":43,"y":284,"width":449,"height":11}},{"id":"b913bb6c-e16f-46af-b9fd-59b9db90f899","block_type":"box","text":"asset class.","page_number":184,"box":{"x":42,"y":299,"width":86,"height":8}},{"id":"647ced18-260b-4d32-b67f-1349f32a34ae","block_type":"box","text":"A new position was initiated in WisdomTree Industrial Metals.","page_number":184,"box":{"x":42,"y":323,"width":450,"height":11}},{"id":"3c9f3421-fded-4ff0-80ff-fe59bbc11758","block_type":"box","text":"We believe the strategy is well positioned to benefit from","page_number":184,"box":{"x":42,"y":337,"width":450,"height":12}},{"id":"07b76f63-6796-460e-8b18-7e6672a2c4a5","block_type":"box","text":"long-term demand driven by AI infrastructure, electrification,","page_number":184,"box":{"x":43,"y":352,"width":449,"height":11}},{"id":"aa19f1e4-0fe2-4d31-91bf-a0f522ca2f3a","block_type":"box","text":"the reshoring of strategic supply chains and increased","page_number":184,"box":{"x":42,"y":366,"width":450,"height":11}},{"id":"652b1ce4-8cd2-47b0-81e9-893e02d40839","block_type":"box","text":"defence investment.","page_number":184,"box":{"x":42,"y":380,"width":149,"height":9}},{"id":"0ae0717e-49a1-4b7a-a6b2-ee2e7d5b9698","block_type":"box","text":"We reduced our allocation to gold after its strong performance","page_number":184,"box":{"x":42,"y":405,"width":450,"height":11}},{"id":"4583cdc4-5692-4304-a527-d756931e388c","block_type":"box","text":"during the period of heightened geopolitical uncertainty, as","page_number":184,"box":{"x":42,"y":419,"width":450,"height":12}},{"id":"f7bb2850-55e2-403e-abc1-7d512feb6235","block_type":"box","text":"improving prospects for a resolution to the US-Iran conflict","page_number":184,"box":{"x":43,"y":434,"width":449,"height":11}},{"id":"8308e68c-34d4-4e3c-9f17-1cbe87885bc3","block_type":"box","text":"reduced its relative attractiveness as a defensive holding.","page_number":184,"box":{"x":43,"y":448,"width":423,"height":11}},{"id":"ec699f44-190b-4169-b213-895384bd3dbb","block_type":"box","text":"We also trimmed our exposure to developed Asia following","page_number":184,"box":{"x":42,"y":473,"width":450,"height":11}},{"id":"a47b8c9f-2b0e-4bfd-9538-4f0ebf6dd027","block_type":"box","text":"strong market performance, crystallising a portion of the","page_number":184,"box":{"x":42,"y":487,"width":450,"height":11}},{"id":"04bcf47e-43ce-47b0-bd0a-49cf270f2dd7","block_type":"box","text":"gains generated over the period.","page_number":184,"box":{"x":42,"y":502,"width":240,"height":11}},{"id":"e95430f8-12fb-46e2-a9d4-b8e361289005","block_type":"box","text":"Outlook","page_number":184,"box":{"x":43,"y":526,"width":62,"height":9}},{"id":"e12317ae-3021-4e83-b327-1f95af755d83","block_type":"box","text":"Global equity markets are being shaped by easing oil supply","page_number":184,"box":{"x":43,"y":541,"width":449,"height":11}},{"id":"be45b0b0-d6cf-4d3e-9c9d-220664bbe7c7","block_type":"box","text":"concerns and major stock market listings by large technology","page_number":184,"box":{"x":42,"y":555,"width":450,"height":11}},{"id":"85675d33-b88b-4a50-bcc8-59a9a482aa71","block_type":"box","text":"companies. Investor confidence is returning as the US-Iran","page_number":184,"box":{"x":42,"y":569,"width":450,"height":11}},{"id":"865052ef-3423-47b0-8f5d-34f26eb208e0","block_type":"box","text":"war ceasefire, brokered in April, came under renewed strain","page_number":184,"box":{"x":42,"y":583,"width":450,"height":12}},{"id":"800f7288-bf5e-4b7c-ae9a-052efe2f81c1","block_type":"box","text":"in July after fresh exchanges of strikes; markets are watching","page_number":184,"box":{"x":43,"y":598,"width":449,"height":11}},{"id":"c39329e5-db75-4908-90cd-ab30b8aff85e","block_type":"box","text":"closely for signs of a durable resolution.","page_number":184,"box":{"x":42,"y":612,"width":299,"height":11}},{"id":"0be53b6a-92de-414f-9a33-8d8a02e2e4e1","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":184,"box":{"x":42,"y":637,"width":450,"height":11}},{"id":"2feb7f67-47f5-4fcf-827c-5da7f3b25450","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":184,"box":{"x":43,"y":651,"width":449,"height":11}},{"id":"62a8afa2-f731-4ac2-8a22-b95e536c608a","block_type":"box","text":"offering), with Anthropic and OpenAI expected to follow,","page_number":184,"box":{"x":42,"y":665,"width":450,"height":12}},{"id":"16ce2d00-f09d-4edf-a24c-41a53f00d84c","block_type":"box","text":"possibly later this year. However, questions remain about","page_number":184,"box":{"x":43,"y":680,"width":449,"height":11}},{"id":"535c654a-0af2-4fa6-865c-b8009581fb8f","block_type":"box","text":"the future valuations of these companies and whether","page_number":184,"box":{"x":42,"y":694,"width":446,"height":11}},{"id":"69a0a0da-921e-430f-aeaf-515b89b0fd6d","block_type":"box","text":"markets can absorb the new supply of shares. More broadly,","page_number":184,"box":{"x":43,"y":708,"width":443,"height":11}},{"id":"802e0d23-b288-488f-918a-c49643713e23","block_type":"box","text":"equity markets are being supported by potential long-term","page_number":184,"box":{"x":42,"y":723,"width":444,"height":11}},{"id":"21da229d-ea65-4328-9eea-9b6fc3ca827e","block_type":"box","text":"AI-linked productivity gains and AI-driven demand for new","page_number":184,"box":{"x":42,"y":737,"width":445,"height":11}},{"id":"750c3e6f-8fd4-4a5c-8cf6-bfd93a16f5f6","block_type":"box","text":"data centres.","page_number":184,"box":{"x":42,"y":751,"width":95,"height":9}},{"id":"b795403c-fd9d-4a80-85dc-de22abb29eb9","block_type":"box","text":"We hold an overweight position in equities compared with","page_number":184,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"a8517a5c-f886-4755-813e-fecdcc656658","block_type":"box","text":"our benchmark, given the evidence of robust corporate","page_number":184,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"35d46901-0ce8-4fcb-9bf0-16e003d8e41d","block_type":"box","text":"earnings and dividend growth. We continue to focus on","page_number":184,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"cd526c39-a6b0-4091-a7f6-218d62be6386","block_type":"box","text":"high-quality companies with higher returns on equity, stable","page_number":184,"box":{"x":513,"y":122,"width":449,"height":11}},{"id":"0176aec9-9496-4353-8c84-39c688b39829","block_type":"box","text":"earnings growth and lower borrowings, which should offer","page_number":184,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"294dbd7c-b1dc-44cc-96fd-37ae1f95c94d","block_type":"box","text":"some downside protection in case of economic headwinds.","page_number":184,"box":{"x":512,"y":150,"width":436,"height":12}},{"id":"f612d5c7-f1c7-4db4-a762-470e87a37b58","block_type":"box","text":"Sarasin & Partners LLP","page_number":184,"box":{"x":512,"y":250,"width":174,"height":9}},{"id":"f5115eab-b041-465f-8846-35e53d890273","block_type":"box","text":"3 August 2026","page_number":184,"box":{"x":512,"y":265,"width":106,"height":11}},{"id":"2f34f34b-ae6a-467d-9265-6d959eb4f993","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":184,"box":{"x":512,"y":299,"width":445,"height":9}},{"id":"11aed2cb-5f0e-44d1-baad-992cc594727d","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":184,"box":{"x":511,"y":310,"width":446,"height":9}},{"id":"8331812d-d032-4004-a3ff-6ec2afcbab5e","block_type":"box","text":"without notice.","page_number":184,"box":{"x":512,"y":322,"width":84,"height":7}},{"id":"14aa5be5-26b8-4c24-a763-167ef685312d","block_type":"box","text":"Top 10 purchases during the period","page_number":184,"box":{"x":512,"y":347,"width":283,"height":11}},{"id":"6a019458-5f0e-4da3-88a2-68ab6707b21b","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":184,"box":{"x":512,"y":360,"width":411,"height":11}},{"id":"fa7fa8da-d1bd-4c44-b634-268426861fe2","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":184,"box":{"x":513,"y":373,"width":385,"height":9}},{"id":"eb3b9d58-00fc-4d2c-aac0-91a43e6830f6","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":184,"box":{"x":512,"y":387,"width":301,"height":9}},{"id":"72101622-efb4-47c7-b34b-d105b943515f","block_type":"box","text":"Schroder Asian Income Fund","page_number":184,"box":{"x":512,"y":400,"width":215,"height":9}},{"id":"248c3f27-c511-45cd-a265-d7c19a9b408b","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":184,"box":{"x":512,"y":414,"width":349,"height":11}},{"id":"75c3141d-ead5-45ee-9333-8dd2594a7ccc","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":184,"box":{"x":513,"y":427,"width":288,"height":11}},{"id":"72d76b63-2cfe-4a74-81b2-03a2b1b81905","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD Accumulation","page_number":184,"box":{"x":513,"y":440,"width":457,"height":11}},{"id":"47742999-c8b5-4f36-88e3-af2c004d599c","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF","page_number":184,"box":{"x":512,"y":454,"width":458,"height":11}},{"id":"a7e4c7cc-ac5e-4eb8-a9aa-e6f5ab628439","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":184,"box":{"x":513,"y":467,"width":320,"height":11}},{"id":"c0ba3c3e-018a-4310-bdf2-6a795558eabc","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":184,"box":{"x":513,"y":481,"width":288,"height":11}},{"id":"e1322742-9428-4f36-a3d7-dab5022ff50a","block_type":"box","text":"Top 10 sales during the period","page_number":184,"box":{"x":512,"y":500,"width":241,"height":11}},{"id":"8566415a-a766-421b-916b-071e65dbc51d","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":184,"box":{"x":513,"y":513,"width":385,"height":9}},{"id":"90eab403-6dcd-488f-8a24-5aeb18f9d6c8","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF","page_number":184,"box":{"x":512,"y":526,"width":458,"height":12}},{"id":"bc02004f-80f5-4574-876b-d990b141b119","block_type":"box","text":"Invesco Physical Gold","page_number":184,"box":{"x":513,"y":540,"width":163,"height":11}},{"id":"3ebdab43-2352-47fd-9db1-a94a2925afa8","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":184,"box":{"x":512,"y":553,"width":411,"height":11}},{"id":"3e05b72f-9d51-47e5-9401-f65f48642953","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":184,"box":{"x":512,"y":567,"width":242,"height":11}},{"id":"9717abc3-788b-43fb-8e73-528b28829bf7","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD Accumulation","page_number":184,"box":{"x":513,"y":580,"width":457,"height":11}},{"id":"dec3dbc0-009d-4683-a352-60cf78cb4829","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":184,"box":{"x":512,"y":593,"width":404,"height":12}},{"id":"81362040-9bb4-4803-a194-f505286db364","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":184,"box":{"x":512,"y":607,"width":349,"height":11}},{"id":"7b94e75e-a8a5-4ecf-9779-6ab340c0d4ba","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":184,"box":{"x":512,"y":620,"width":440,"height":11}},{"id":"4ba1a52d-4c9f-41cb-bab9-76c678de5786","block_type":"box","text":"iShares GBP Corp Bond 0-5yr UCITS ETF","page_number":184,"box":{"x":513,"y":634,"width":314,"height":11}},{"id":"7dcd4b28-82d0-4a1c-9378-9509d52728ac","block_type":"box","text":"Investment Review (continued)","page_number":184,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"a73fffb6-c643-4a53-a49d-3a5118df0ee0","block_type":"box","text":"Negatives (continued)","page_number":184,"box":{"x":43,"y":95,"width":173,"height":11}},{"id":"c8ad003b-1202-428d-8bfa-99a1801c3e21","block_type":"box","text":"184","page_number":185,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"ea3adfa3-6894-4865-8704-d752a2a5effb","block_type":"box","text":"SARASIN Balanced Managed","page_number":185,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"1b83a41e-bbb9-406c-8206-d97adc849131","block_type":"box","text":"Sub-fund Information","page_number":185,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"95287d8a-4438-4ac4-94f8-a456a21693c7","block_type":"box","text":"Risk and Reward Profile","page_number":185,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"9ff647a0-d060-4778-b814-10fee15047c0","block_type":"box","text":"0","page_number":185,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"c272e764-9aa1-4aeb-b1ae-3393a15eba68","block_type":"box","text":"Lower2","page_number":185,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"4a0d8812-25c3-4574-b995-3b880e74f273","block_type":"box","text":"er2","page_number":185,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"5c948887-e351-4979-8e26-c43570ff6a5d","block_type":"box","text":"risk","page_number":185,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"b9b041c3-c95d-47f7-930c-7b16e38e553f","block_type":"box","text":"Higher","page_number":185,"box":{"x":884,"y":145,"width":42,"height":8}},{"id":"916c7604-8867-4a7f-bc8f-04e7bc897e16","block_type":"box","text":"risk","page_number":185,"box":{"x":930,"y":145,"width":23,"height":6}},{"id":"e5d8e125-a67c-4148-9844-e321c6612958","block_type":"box","text":"Typically","page_number":185,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"8416bba4-ae4f-47f4-9bc4-ba5d154eb776","block_type":"box","text":"lower rewards","page_number":185,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"10693c1d-7047-42c2-a7d8-eabd9c5ba50a","block_type":"box","text":"Typically","page_number":185,"box":{"x":809,"y":156,"width":52,"height":9}},{"id":"22ca2fab-06a3-4f90-89ad-302a431d0732","block_type":"box","text":"higher rewards","page_number":185,"box":{"x":866,"y":156,"width":87,"height":9}},{"id":"fbd8c0b9-5ea1-450e-ab5a-6ee1a183a5d6","block_type":"box","text":"1","page_number":185,"box":{"x":107,"y":179,"width":4,"height":7}},{"id":"f4854c13-a81d-4187-8cfd-6eefd12461b4","block_type":"box","text":"2","page_number":185,"box":{"x":236,"y":179,"width":6,"height":7}},{"id":"e2c6b8db-cf72-441c-8e19-e13db772846a","block_type":"box","text":"3","page_number":185,"box":{"x":366,"y":179,"width":6,"height":7}},{"id":"816dafc7-80fe-4956-9cc4-533d50ac55fe","block_type":"box","text":"4","page_number":185,"box":{"x":495,"y":179,"width":7,"height":7}},{"id":"604372e5-a631-4bb9-b5b8-f895b209ea15","block_type":"box","text":"5","page_number":185,"box":{"x":624,"y":179,"width":7,"height":7}},{"id":"408158f9-cd3d-4e3d-811f-d29c9c3e7574","block_type":"box","text":"6","page_number":185,"box":{"x":754,"y":179,"width":6,"height":7}},{"id":"6f66ea8f-fe32-433d-88cd-97a101637cdc","block_type":"box","text":"7","page_number":185,"box":{"x":883,"y":179,"width":7,"height":7}},{"id":"1505b836-ffe8-4157-bc60-c228a41b66a7","block_type":"box","text":"•","page_number":185,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"6278ad67-6c49-4c6d-ab1e-90ef97897419","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":185,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"34d07cf2-b267-4977-ba1d-89f120723ab2","block_type":"box","text":"•","page_number":185,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"b3659c70-c0ad-4fd4-8859-49333d9163bf","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":185,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"28c3b873-7e8f-41d0-afdf-7374deae22e9","block_type":"box","text":"•","page_number":185,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"a5db4446-43df-47ef-a8b7-a7219bb54c85","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":185,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"e1d78e19-14dc-4742-977f-084f1ca97a07","block_type":"box","text":"The Risk and Reward Indicator","page_number":185,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"c2f0a8f2-f94f-4285-932c-da30986cf872","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":185,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"4bc8bb8c-d74f-4003-af54-0d7fd9b68dda","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":185,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"77278c25-c6d1-4994-818e-ca3aa8ef9655","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":185,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"0f0009ec-4f05-487a-8c79-9c330b5a91dc","block_type":"box","text":"but the greater the risk of losing money.","page_number":185,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"e8bfc1ec-aac7-496b-a160-f0e42f29dfad","block_type":"box","text":"The sub-fund is ranked at 4 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":185,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"9c12df62-f394-4eed-b3e7-85ae27d58caa","block_type":"box","text":"moderate levels of volatility historically.","page_number":185,"box":{"x":43,"y":359,"width":292,"height":11}},{"id":"559502dc-5d53-4081-9225-87c36cf28bb1","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":185,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"3733d18e-7177-46b5-b7e6-a5101d1923dc","block_type":"box","text":"Investing in bonds offers you the chance to earn returns through growing your capital and generating income. Nevertheless,","page_number":185,"box":{"x":43,"y":398,"width":919,"height":11}},{"id":"22bf7228-aa49-4546-b60e-51a6c0989b5e","block_type":"box","text":"there is a risk that the organisation which issued the bond will fail, which would result in a loss of income to the sub-fund,","page_number":185,"box":{"x":42,"y":412,"width":920,"height":12}},{"id":"ed256ae0-7dc5-4ed0-90b7-fd4454446dac","block_type":"box","text":"along with its initial investment. Bond values are likely to fall if interest rates rise.","page_number":185,"box":{"x":42,"y":426,"width":593,"height":12}},{"id":"f05bc038-c148-4384-9b17-a94003260177","block_type":"box","text":"Leverage risk:","page_number":185,"box":{"x":43,"y":452,"width":111,"height":11}},{"id":"a2d35d7e-52de-4b97-972a-829ea2b0903a","block_type":"box","text":"The sub-fund has the potential for increased losses (or gains) when it borrows money to amplify its investments.","page_number":185,"box":{"x":154,"y":451,"width":808,"height":12}},{"id":"1e3f82ea-0667-477d-81c8-76c8f680487e","block_type":"box","text":"This means small changes in the market can have a bigger impact on the sub-fund’","page_number":185,"box":{"x":42,"y":466,"width":617,"height":11}},{"id":"d0d4c49e-3cb5-4b96-86d7-eab587545e82","block_type":"box","text":"s value.","page_number":185,"box":{"x":660,"y":466,"width":56,"height":9}},{"id":"695bd141-162d-4eb4-b07a-c99567e3e8a6","block_type":"box","text":"Bond risk:","page_number":185,"box":{"x":42,"y":491,"width":83,"height":9}},{"id":"471cea99-a50c-4a9e-8a1b-b25aa4027068","block_type":"box","text":"In stressed conditions bonds may become harder to sell in a timely manner, resulting in unpredictable changes","page_number":185,"box":{"x":125,"y":491,"width":837,"height":11}},{"id":"9261ed27-f99a-47e5-9e76-b68bf5b1e21b","block_type":"box","text":"in the value of your holdings.","page_number":185,"box":{"x":43,"y":505,"width":211,"height":11}},{"id":"2a88a728-2784-4dd7-ae31-00aa63534d92","block_type":"box","text":"Concentration risk:","page_number":185,"box":{"x":43,"y":530,"width":154,"height":9}},{"id":"e2b2c5ce-996f-487f-b3a9-8a19d05b1d89","block_type":"box","text":"The sub-fund holds a small number of investments, and therefore a decline in the value of a single","page_number":185,"box":{"x":197,"y":530,"width":765,"height":11}},{"id":"f26005a4-d385-4bbb-84f9-4319c324acc9","block_type":"box","text":"investment may have a greater impact than if it held a larger number of investments.","page_number":185,"box":{"x":43,"y":544,"width":623,"height":11}},{"id":"d9dce272-17e5-4c24-b8d3-ba339896f6e1","block_type":"box","text":"Emerging markets risk:","page_number":185,"box":{"x":43,"y":569,"width":190,"height":11}},{"id":"37d6d6b4-0e94-4488-b1ae-cfe4e45b541f","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":185,"box":{"x":233,"y":569,"width":729,"height":11}},{"id":"d1ce17c4-4a44-4417-9a3c-88dbbde9988e","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":185,"box":{"x":43,"y":583,"width":919,"height":12}},{"id":"bdfaaad4-b1bc-42dc-a370-6c6a5b8518b1","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":185,"box":{"x":42,"y":598,"width":777,"height":11}},{"id":"2e315058-fe31-4d57-b4a5-74e5c32ac03c","block_type":"box","text":"Alternatives risk:","page_number":185,"box":{"x":42,"y":623,"width":137,"height":8}},{"id":"32391798-8d02-43a9-a1a6-7288dc5d8ce8","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":185,"box":{"x":179,"y":623,"width":783,"height":11}},{"id":"c75f39ee-49aa-4efe-94d1-34a975d55227","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":185,"box":{"x":42,"y":637,"width":920,"height":11}},{"id":"9ecd1e75-11bf-418f-86ac-c657a1a6d40a","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":185,"box":{"x":42,"y":651,"width":853,"height":11}},{"id":"5e052fdd-4a09-4860-9784-6711ec3e05ee","block_type":"box","text":"Exchange Traded Funds (ETFs) risk:","page_number":185,"box":{"x":43,"y":676,"width":288,"height":11}},{"id":"718fcf70-b07c-4149-8ed3-b2f19d199a0f","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":185,"box":{"x":331,"y":676,"width":631,"height":11}},{"id":"93730754-2ad7-4aef-a1c0-e55a99b6326e","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":185,"box":{"x":42,"y":690,"width":473,"height":12}},{"id":"71c6e191-351b-47cb-bc82-fe56ea716f2d","block_type":"box","text":"Operational risk:","page_number":185,"box":{"x":43,"y":715,"width":133,"height":11}},{"id":"14613ba8-4572-4522-ac5e-33c9c7884663","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":185,"box":{"x":182,"y":715,"width":775,"height":11}},{"id":"4c2b949b-9e0e-4519-a06d-638898bf61b4","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":185,"box":{"x":43,"y":729,"width":894,"height":12}},{"id":"99b83139-fdc1-48b5-8f99-be5c5ea297d5","block_type":"box","text":"Counterparty and settlement risk:","page_number":185,"box":{"x":43,"y":755,"width":269,"height":11}},{"id":"5d63167b-d570-48ca-88e9-bda80ac46078","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":185,"box":{"x":317,"y":754,"width":640,"height":12}},{"id":"993d6dd3-c36b-48a1-82ae-b9764f371a04","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":185,"box":{"x":43,"y":769,"width":423,"height":11}},{"id":"bcde9947-ed77-4541-a09d-1f85c4978c56","block_type":"box","text":"Charges deducted from capital","page_number":185,"box":{"x":43,"y":794,"width":252,"height":11}},{"id":"9b617d16-bd0f-4198-8753-c20ae534875f","block_type":"box","text":":","page_number":185,"box":{"x":296,"y":796,"width":4,"height":6}},{"id":"8ab38b30-37d7-496c-a366-ffcda5e2d23f","block_type":"box","text":"The sub-fund has charges deducted from capital, which may reduce the potential for","page_number":185,"box":{"x":307,"y":794,"width":650,"height":11}},{"id":"cd954ec9-4844-4852-84b5-2076e497c065","block_type":"box","text":"growth.","page_number":185,"box":{"x":42,"y":808,"width":53,"height":11}},{"id":"7e3c8a7f-ee87-47fd-80a4-4c57d4f46ec3","block_type":"box","text":"185","page_number":186,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"69ca5cfd-ae0e-47b8-907f-ceb457fbb2d2","block_type":"box","text":"SARASIN Balanced Managed","page_number":186,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"1fb8a1f1-2fc5-43cc-be7f-c1397bf115cd","block_type":"box","text":"Portfolio Statement","page_number":186,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"ff59052d-0a05-423b-8cb0-5563c3330200","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":186,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"0d0652ab-9372-4366-abc7-0bc6f83a72a9","block_type":"box","text":"Holding/Nominal Value","page_number":186,"box":{"x":51,"y":147,"width":144,"height":9}},{"id":"83722b89-cf35-4c9a-8c2f-e36c8c5be27c","block_type":"box","text":"Investment","page_number":186,"box":{"x":230,"y":147,"width":69,"height":7}},{"id":"cbc95fb4-cf18-48ad-b1ad-d7043d679946","block_type":"box","text":"Market","page_number":186,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"71dac470-66b9-4e19-87c9-890795c895eb","block_type":"box","text":"Value","page_number":186,"box":{"x":765,"y":136,"width":34,"height":7}},{"id":"c7d60960-f70b-4040-94b9-6574ace85180","block_type":"box","text":"£","page_number":186,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"19639d01-aa1a-4fd9-a55c-2515e71bbd35","block_type":"box","text":"% of","page_number":186,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"bfc4fe1b-dae7-49b1-ac8b-d70f8e265af3","block_type":"box","text":"Net Assets","page_number":186,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"105cf005-bc37-4e0e-abc0-7109414875c4","block_type":"box","text":"Digitalisation","page_number":186,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"ad9ce119-67fe-4d61-8488-0d0d2eb949e5","block_type":"box","text":"3.45% (31 December 2025 - 4.27%)","page_number":186,"box":{"x":147,"y":179,"width":277,"height":11}},{"id":"9ad435d6-9380-488e-bc10-d312e99b57e2","block_type":"box","text":"5,553","page_number":186,"box":{"x":154,"y":198,"width":41,"height":10}},{"id":"230bf050-cca6-425a-ae2f-642b576ab370","block_type":"box","text":"Alphabet 'A'","page_number":186,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"55676048-7cfb-4749-80e1-6e6bbbe47b06","block_type":"box","text":"1,494,560","page_number":186,"box":{"x":727,"y":198,"width":72,"height":10}},{"id":"f43c62a6-59d9-49f9-ad4f-3b82a0ee940b","block_type":"box","text":"0.55","page_number":186,"box":{"x":925,"y":198,"width":32,"height":9}},{"id":"a5810f8e-6f50-47ae-b540-262845c8c145","block_type":"box","text":"7,379","page_number":186,"box":{"x":154,"y":213,"width":41,"height":10}},{"id":"aa903f69-339e-401d-bd8f-6795d582f66c","block_type":"box","text":"Amazon.com","page_number":186,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"e268eb6d-905b-42ab-a266-4212354aeb07","block_type":"box","text":"1,338,302","page_number":186,"box":{"x":727,"y":213,"width":72,"height":10}},{"id":"203cffb4-fb5b-42de-b816-23a14e70dd98","block_type":"box","text":"0.49","page_number":186,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"36c19f62-aadd-4dca-97ce-c78965d78512","block_type":"box","text":"4,292","page_number":186,"box":{"x":154,"y":229,"width":41,"height":10}},{"id":"0cb988df-9f36-4d29-932c-48c7d451fa95","block_type":"box","text":"Apple","page_number":186,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"6e4be46b-443a-493e-90df-a107b7410314","block_type":"box","text":"990,140","page_number":186,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"7d278843-8f54-48e5-856d-f4098f28f6f4","block_type":"box","text":"0.37","page_number":186,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"3c9528de-a464-4a66-9e55-c2ec38a71636","block_type":"box","text":"900","page_number":186,"box":{"x":168,"y":244,"width":27,"height":9}},{"id":"90e01cfd-3552-4a5e-a3f7-90acc34e7d94","block_type":"box","text":"Disco","page_number":186,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"d43c7047-bdff-4dc7-a8e7-9e2c593b6c77","block_type":"box","text":"319,960","page_number":186,"box":{"x":740,"y":244,"width":59,"height":10}},{"id":"122430c4-45ea-412f-b7f1-d43973d0547a","block_type":"box","text":"0.12","page_number":186,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"390134ef-5047-4fcc-bdd6-127e8530316c","block_type":"box","text":"3,700","page_number":186,"box":{"x":154,"y":259,"width":41,"height":11}},{"id":"69522767-2ad4-4003-b7c9-20f3ba7f7574","block_type":"box","text":"Hoya","page_number":186,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"40b335cc-a38d-4025-98ee-eb40004c3c94","block_type":"box","text":"445,162","page_number":186,"box":{"x":739,"y":259,"width":60,"height":11}},{"id":"a9608785-40aa-4265-b039-6649ec4903a5","block_type":"box","text":"0.16","page_number":186,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"e5636205-da9b-4d09-b13f-42cc8923dc99","block_type":"box","text":"3,160","page_number":186,"box":{"x":154,"y":275,"width":41,"height":10}},{"id":"27642a1f-f69a-4b4b-95c2-9690ed82ca57","block_type":"box","text":"London Stock Exchange Group","page_number":186,"box":{"x":230,"y":274,"width":231,"height":12}},{"id":"0beaafcd-ac0d-48a2-85a3-5589a5501520","block_type":"box","text":"273,846","page_number":186,"box":{"x":740,"y":275,"width":59,"height":10}},{"id":"9cdbc33b-4420-4b5c-8111-9e398c25fe93","block_type":"box","text":"0.10","page_number":186,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"46bbec61-eb6c-4908-a79e-5b41d598520f","block_type":"box","text":"2,247","page_number":186,"box":{"x":154,"y":290,"width":41,"height":10}},{"id":"f4a1a4ba-cd80-47a9-905e-ce6dee2c65dd","block_type":"box","text":"Mastercard 'A'","page_number":186,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"2084f6f5-7844-4eee-bb71-6d3759208f96","block_type":"box","text":"907,177","page_number":186,"box":{"x":740,"y":290,"width":59,"height":10}},{"id":"0014e926-8b1b-44d6-a16b-b711cc953096","block_type":"box","text":"0.33","page_number":186,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"0f4702c6-7233-4519-8ccd-38952ca805db","block_type":"box","text":"1,079","page_number":186,"box":{"x":155,"y":305,"width":40,"height":11}},{"id":"671b225f-88e4-4540-b6a9-98645dc3b90c","block_type":"box","text":"Meta Platforms 'A'","page_number":186,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"5c3b563e-746a-4f8a-9ba4-c243a80c495e","block_type":"box","text":"470,656","page_number":186,"box":{"x":739,"y":305,"width":60,"height":11}},{"id":"d483f96d-0efc-471a-83b3-6145f6b4aa31","block_type":"box","text":"0.17","page_number":186,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"eea93206-b6df-4a4c-83f6-44d6b3bd6066","block_type":"box","text":"4,160","page_number":186,"box":{"x":154,"y":321,"width":41,"height":10}},{"id":"91405476-c245-40f2-a378-a7d33b0d013d","block_type":"box","text":"Microsoft","page_number":186,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"9026f1d6-1f37-41fb-8ad5-6a19e712f588","block_type":"box","text":"1,213,415","page_number":186,"box":{"x":727,"y":321,"width":72,"height":10}},{"id":"a902218d-7748-40bc-a6fd-bdb18146f1fb","block_type":"box","text":"0.45","page_number":186,"box":{"x":925,"y":321,"width":32,"height":8}},{"id":"dea167ab-dc17-493a-b278-494dbb64b494","block_type":"box","text":"716","page_number":186,"box":{"x":168,"y":336,"width":27,"height":9}},{"id":"891f5e7f-12a3-4464-a1e4-124ade6665c8","block_type":"box","text":"Moody's","page_number":186,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"e649cfc9-b24c-4727-98d4-2811f37c90a4","block_type":"box","text":"262,718","page_number":186,"box":{"x":740,"y":336,"width":59,"height":10}},{"id":"41b5bd5a-bc3e-4e6d-85be-2462b7ed6a38","block_type":"box","text":"0.10","page_number":186,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"8ab6cb1c-99de-4c4f-bc67-c0b7957a9818","block_type":"box","text":"9,876","page_number":186,"box":{"x":154,"y":351,"width":41,"height":11}},{"id":"89946537-a2a7-46b9-8a7a-81bffdad2c19","block_type":"box","text":"Netflix","page_number":186,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"5faeba97-83cf-4b2f-87bc-f23a2dbbe03e","block_type":"box","text":"573,669","page_number":186,"box":{"x":740,"y":351,"width":59,"height":11}},{"id":"8956504a-5ca7-461c-bf6d-22df709f57ec","block_type":"box","text":"0.21","page_number":186,"box":{"x":925,"y":351,"width":29,"height":9}},{"id":"17aa344b-bf98-462f-a19c-3ffe5c0e5b3e","block_type":"box","text":"13,000","page_number":186,"box":{"x":146,"y":367,"width":49,"height":10}},{"id":"27196d1f-ae58-4b9c-8dbb-03fabcd02415","block_type":"box","text":"Tencent Holdings","page_number":186,"box":{"x":229,"y":367,"width":128,"height":11}},{"id":"e2c5ad7c-f314-4d1f-9bc6-d07e1d3551a5","block_type":"box","text":"535,055","page_number":186,"box":{"x":740,"y":367,"width":59,"height":10}},{"id":"159afe45-4faf-43e8-9420-fbdd4c111ca3","block_type":"box","text":"0.20","page_number":186,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"e74f85ce-d9ea-4e1d-88ee-7d9d028bda2f","block_type":"box","text":"9,762","page_number":186,"box":{"x":154,"y":382,"width":41,"height":10}},{"id":"a789a8ff-1f8d-41dc-9235-69246d2d1c4a","block_type":"box","text":"Uber Technologies","page_number":186,"box":{"x":230,"y":382,"width":137,"height":11}},{"id":"421aa559-8c02-469a-a88f-53ad0f12b826","block_type":"box","text":"543,880","page_number":186,"box":{"x":740,"y":382,"width":59,"height":10}},{"id":"96cc2449-e91f-4f7b-93cd-9d27bd33ffe6","block_type":"box","text":"0.20","page_number":186,"box":{"x":925,"y":382,"width":31,"height":9}},{"id":"54addec4-6771-48ba-aa78-b4947f0744ac","block_type":"box","text":"9,368,540","page_number":186,"box":{"x":726,"y":400,"width":73,"height":11}},{"id":"56641203-cce9-4e6d-af41-a3b84abd1b7c","block_type":"box","text":"3.45","page_number":186,"box":{"x":925,"y":400,"width":32,"height":9}},{"id":"8f689e0d-9e6a-474a-a318-7d6bc9a3fb6c","block_type":"box","text":"Automation","page_number":186,"box":{"x":42,"y":431,"width":92,"height":9}},{"id":"8993d215-b5a7-42c4-b5bb-9cc2e6ab7548","block_type":"box","text":"2.90% (31 December 2025 - 2.44%)","page_number":186,"box":{"x":135,"y":431,"width":276,"height":11}},{"id":"cec3b339-0669-45b3-8f2b-5eacdba594f6","block_type":"box","text":"1,154","page_number":186,"box":{"x":155,"y":450,"width":40,"height":10}},{"id":"dfdc5a2d-391c-4efc-8749-837017d9d7f7","block_type":"box","text":"ASML Holding","page_number":186,"box":{"x":229,"y":450,"width":105,"height":11}},{"id":"1475d887-90e2-42e0-9806-01ec188bc901","block_type":"box","text":"1,615,499","page_number":186,"box":{"x":727,"y":450,"width":72,"height":10}},{"id":"09f47558-74bc-404d-b269-ab01b78f2818","block_type":"box","text":"0.60","page_number":186,"box":{"x":925,"y":450,"width":31,"height":9}},{"id":"b6f9d95a-8479-4734-9e0e-31fddf61b3aa","block_type":"box","text":"3,855","page_number":186,"box":{"x":154,"y":465,"width":41,"height":10}},{"id":"5856eff9-614d-4296-8b48-9e942fe43787","block_type":"box","text":"Broadcom","page_number":186,"box":{"x":230,"y":465,"width":74,"height":9}},{"id":"35e341f0-5263-41a9-b058-2308125cc94c","block_type":"box","text":"1,039,457","page_number":186,"box":{"x":727,"y":465,"width":72,"height":10}},{"id":"43b26c82-a0e7-47fd-9623-5dbb9b5408a7","block_type":"box","text":"0.38","page_number":186,"box":{"x":925,"y":465,"width":31,"height":9}},{"id":"0e2d9735-77fe-4cb3-a554-783d142ba731","block_type":"box","text":"6,236","page_number":186,"box":{"x":154,"y":480,"width":41,"height":11}},{"id":"73e922ed-cf54-48ff-adb5-194f4fcfa4c8","block_type":"box","text":"Emerson Electric","page_number":186,"box":{"x":230,"y":481,"width":125,"height":8}},{"id":"d9d1359c-0e1c-4858-be50-deb40c170559","block_type":"box","text":"648,833","page_number":186,"box":{"x":740,"y":480,"width":59,"height":11}},{"id":"d87ff531-2f07-4de9-8ff9-c595b2050da4","block_type":"box","text":"0.24","page_number":186,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"b8346691-fb00-4a4e-ad27-e906f5ff8b61","block_type":"box","text":"6,678","page_number":186,"box":{"x":154,"y":496,"width":41,"height":10}},{"id":"ed29b8f8-216b-4110-8893-865c0ca78642","block_type":"box","text":"Infineon Technologies","page_number":186,"box":{"x":230,"y":496,"width":160,"height":11}},{"id":"bb300726-3277-4d45-a8f1-d521df54f61d","block_type":"box","text":"443,175","page_number":186,"box":{"x":739,"y":496,"width":60,"height":10}},{"id":"bd493a71-cdb5-457c-bf0d-567afc3e7a0f","block_type":"box","text":"0.16","page_number":186,"box":{"x":925,"y":496,"width":31,"height":9}},{"id":"5315bcc0-efab-4610-a752-5046399d91ea","block_type":"box","text":"900","page_number":186,"box":{"x":168,"y":511,"width":27,"height":9}},{"id":"0674106d-47cf-4bc6-8df9-d85f7369f619","block_type":"box","text":"Keyence","page_number":186,"box":{"x":230,"y":511,"width":63,"height":11}},{"id":"5aae5733-3aac-4f0c-928a-fb6acef674fa","block_type":"box","text":"333,788","page_number":186,"box":{"x":740,"y":511,"width":59,"height":11}},{"id":"b3bc07fc-6600-4499-9562-ac5168438fa0","block_type":"box","text":"0.12","page_number":186,"box":{"x":925,"y":511,"width":31,"height":9}},{"id":"2c1493d1-625a-4e4a-b79d-01aecacc8f55","block_type":"box","text":"16,254","page_number":186,"box":{"x":146,"y":527,"width":49,"height":10}},{"id":"1e1ff842-ac0c-4852-9fb1-4be3e45b5fea","block_type":"box","text":"NVIDIA","page_number":186,"box":{"x":230,"y":527,"width":55,"height":8}},{"id":"d8915ead-ff6e-43cb-9666-27f7f95cbe77","block_type":"box","text":"2,366,641","page_number":186,"box":{"x":726,"y":527,"width":71,"height":10}},{"id":"10237bd5-f5fe-4b14-a3d1-6c4aa1ef6b2d","block_type":"box","text":"0.87","page_number":186,"box":{"x":925,"y":527,"width":31,"height":8}},{"id":"b4385c8e-6ef4-416f-bf7d-a7c81363be2d","block_type":"box","text":"2,334","page_number":186,"box":{"x":154,"y":542,"width":41,"height":10}},{"id":"c3e731dd-be2a-4f93-a3a4-a8929060a1e6","block_type":"box","text":"Schneider Electric","page_number":186,"box":{"x":229,"y":542,"width":135,"height":9}},{"id":"4196d5c6-f751-4a8c-8588-4b141a2f0aa3","block_type":"box","text":"560,028","page_number":186,"box":{"x":740,"y":542,"width":59,"height":10}},{"id":"0e3cd52f-eac7-4a17-8d97-ad2d93a54ddb","block_type":"box","text":"0.21","page_number":186,"box":{"x":925,"y":542,"width":29,"height":9}},{"id":"33dd89af-d9e0-430a-a554-4cd6ecc4e509","block_type":"box","text":"1,836","page_number":186,"box":{"x":155,"y":557,"width":40,"height":11}},{"id":"52c91302-21bc-4b9c-b653-843287ca266d","block_type":"box","text":"Siemens","page_number":186,"box":{"x":229,"y":557,"width":64,"height":9}},{"id":"37762810-1da6-4c18-a3f6-d923ad1365a3","block_type":"box","text":"446,827","page_number":186,"box":{"x":739,"y":557,"width":60,"height":11}},{"id":"19dfc8f5-ba9f-4cf3-a7b3-07bfb83a666e","block_type":"box","text":"0.17","page_number":186,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"9e4ce0e9-a0e1-498e-888f-d02d9f5ed302","block_type":"box","text":"1,283","page_number":186,"box":{"x":155,"y":573,"width":40,"height":10}},{"id":"c80c23ea-9a15-4e5f-8c1f-7a0b1f4c7ce9","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":186,"box":{"x":229,"y":573,"width":395,"height":11}},{"id":"41680233-a840-4e2d-881b-462d6cd99324","block_type":"box","text":"417,380","page_number":186,"box":{"x":739,"y":573,"width":60,"height":10}},{"id":"7daa50cc-7c92-4005-bba6-155885a88999","block_type":"box","text":"0.15","page_number":186,"box":{"x":925,"y":573,"width":32,"height":8}},{"id":"12ba5b54-9eb2-41b3-b648-80f66603f73c","block_type":"box","text":"7,871,628","page_number":186,"box":{"x":726,"y":591,"width":73,"height":10}},{"id":"fa247b58-aaa8-4a14-bad6-0c3092c4d228","block_type":"box","text":"2.90","page_number":186,"box":{"x":925,"y":591,"width":31,"height":8}},{"id":"57fd8bda-e5a5-49e0-b6cc-e0eeaa9c3a59","block_type":"box","text":"Ageing","page_number":186,"box":{"x":42,"y":622,"width":56,"height":11}},{"id":"f6f3c19c-38ad-409f-8d65-9f3df7767f62","block_type":"box","text":"0.93% (31 December 2025 - 0.71%)","page_number":186,"box":{"x":99,"y":622,"width":276,"height":11}},{"id":"531ad98a-ee25-42b2-b7bf-7d4432f6f7dd","block_type":"box","text":"2,544","page_number":186,"box":{"x":154,"y":640,"width":41,"height":11}},{"id":"30d379a5-e896-496d-86b4-e5f1d97c528b","block_type":"box","text":"Amgen","page_number":186,"box":{"x":229,"y":640,"width":52,"height":11}},{"id":"0511f45d-8089-41fe-9a41-38f8d9e02300","block_type":"box","text":"712,072","page_number":186,"box":{"x":740,"y":640,"width":59,"height":11}},{"id":"ea8c0f5f-f749-483d-a449-fe53eadec461","block_type":"box","text":"0.26","page_number":186,"box":{"x":925,"y":640,"width":31,"height":9}},{"id":"c2b2a09f-8e07-495d-915d-b9cf341a63cc","block_type":"box","text":"836","page_number":186,"box":{"x":168,"y":656,"width":27,"height":8}},{"id":"75554fb5-12ec-49ba-9975-ca05bdaa23e3","block_type":"box","text":"BlackRock","page_number":186,"box":{"x":230,"y":656,"width":78,"height":8}},{"id":"b7bf977f-3f26-4f02-8c23-5bf3fefd8b9d","block_type":"box","text":"622,323","page_number":186,"box":{"x":740,"y":656,"width":59,"height":10}},{"id":"c0b0e3e4-6e58-4005-ad6a-c7404e01c80d","block_type":"box","text":"0.23","page_number":186,"box":{"x":925,"y":656,"width":31,"height":8}},{"id":"4e82917f-b69c-45b9-8f72-53431fdfb70a","block_type":"box","text":"745","page_number":186,"box":{"x":168,"y":671,"width":27,"height":9}},{"id":"3ae18514-d864-4e22-9cdd-90b5c882620b","block_type":"box","text":"Eli Lilly & Company","page_number":186,"box":{"x":230,"y":671,"width":143,"height":11}},{"id":"042e360d-33e9-4c3f-baf7-0a12c87c7464","block_type":"box","text":"675,132","page_number":186,"box":{"x":740,"y":671,"width":59,"height":10}},{"id":"5ff94931-5071-467c-bc17-7f4a4ebb1117","block_type":"box","text":"0.25","page_number":186,"box":{"x":925,"y":671,"width":32,"height":9}},{"id":"e8e615b6-21d0-4690-880f-c41ff9b65384","block_type":"box","text":"1,325","page_number":186,"box":{"x":155,"y":686,"width":40,"height":11}},{"id":"4bbdac5c-bc6e-4f14-aaf9-10e19ed0c84f","block_type":"box","text":"Thermo Fisher Scientific","page_number":186,"box":{"x":229,"y":686,"width":181,"height":9}},{"id":"0a718fb5-1948-483e-9eb8-4215d06beec1","block_type":"box","text":"518,940","page_number":186,"box":{"x":740,"y":686,"width":59,"height":11}},{"id":"020ee1bf-e67a-4378-afe8-102f60602108","block_type":"box","text":"0.19","page_number":186,"box":{"x":925,"y":686,"width":31,"height":9}},{"id":"ab744a1e-29cd-4444-a157-ac5080e43577","block_type":"box","text":"2,528,467","page_number":186,"box":{"x":726,"y":704,"width":73,"height":11}},{"id":"f3b01688-1a94-4a66-bf10-46beb5c3533f","block_type":"box","text":"0.93","page_number":186,"box":{"x":925,"y":704,"width":31,"height":9}},{"id":"b242a18c-0dff-4342-9219-35c5776503bf","block_type":"box","text":"Evolving Consumption","page_number":186,"box":{"x":43,"y":735,"width":181,"height":11}},{"id":"8012204f-d8c1-4eca-9805-d5f2e2ff3d00","block_type":"box","text":"1.22% (31 December 2025 - 2.04%)","page_number":186,"box":{"x":231,"y":735,"width":270,"height":11}},{"id":"d428fad6-f604-4355-8da9-3b95bb2cfcfb","block_type":"box","text":"10,040","page_number":186,"box":{"x":146,"y":754,"width":49,"height":10}},{"id":"4ffe7978-7af9-441b-901b-a8eb3528e59f","block_type":"box","text":"Colgate-Palmolive","page_number":186,"box":{"x":230,"y":754,"width":134,"height":11}},{"id":"efd66eef-19fb-4b3d-9400-430867ace426","block_type":"box","text":"714,732","page_number":186,"box":{"x":740,"y":754,"width":59,"height":10}},{"id":"df39dc4d-9c19-4029-b3a5-624f2b99c9ca","block_type":"box","text":"0.26","page_number":186,"box":{"x":925,"y":754,"width":31,"height":9}},{"id":"a1d54579-8e6d-4d3a-88cf-3e3477b61ec4","block_type":"box","text":"11,169","page_number":186,"box":{"x":147,"y":769,"width":48,"height":11}},{"id":"d780d813-fb67-4938-b3b0-095146a58654","block_type":"box","text":"Compass Group","page_number":186,"box":{"x":230,"y":769,"width":120,"height":11}},{"id":"97be747f-cac4-4427-9870-394dedeb8388","block_type":"box","text":"273,508","page_number":186,"box":{"x":740,"y":769,"width":59,"height":11}},{"id":"f0894d56-d625-445a-baf2-45b38ff00aca","block_type":"box","text":"0.10","page_number":186,"box":{"x":925,"y":769,"width":31,"height":9}},{"id":"f1f6825b-74da-4bbc-aaf5-746a4668182e","block_type":"box","text":"1,047","page_number":186,"box":{"x":155,"y":785,"width":40,"height":10}},{"id":"aaa61c46-1c2a-4f09-9d88-3a93272b3e68","block_type":"box","text":"Costco Wholesale","page_number":186,"box":{"x":230,"y":785,"width":133,"height":9}},{"id":"9200950e-b9a0-4007-beae-b8c31a33d66d","block_type":"box","text":"745,421","page_number":186,"box":{"x":740,"y":785,"width":57,"height":10}},{"id":"285c40e9-8128-4462-9891-859861306d0f","block_type":"box","text":"0.28","page_number":186,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"5e04b8df-9adb-4ae7-8fde-60ac847fc93c","block_type":"box","text":"1,516","page_number":186,"box":{"x":155,"y":800,"width":40,"height":10}},{"id":"a5e8cc38-4a92-4f9c-af5b-33d1c832bbc2","block_type":"box","text":"EssilorLuxottica","page_number":186,"box":{"x":230,"y":800,"width":116,"height":9}},{"id":"b46b2605-6e7d-454a-a2ce-c8566b7c4cd7","block_type":"box","text":"223,629","page_number":186,"box":{"x":740,"y":800,"width":59,"height":10}},{"id":"bc3b6eb7-ce64-4d3b-9306-c18fafbf34d9","block_type":"box","text":"0.08","page_number":186,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"72ef886c-ae7c-4989-af49-7c5d07957ec7","block_type":"box","text":"2,111","page_number":186,"box":{"x":156,"y":815,"width":36,"height":11}},{"id":"963ebb15-4f20-4108-a148-ef19488836ae","block_type":"box","text":"Home Depot","page_number":186,"box":{"x":230,"y":815,"width":93,"height":11}},{"id":"7e07a164-33c4-4154-8e46-982b7eac910f","block_type":"box","text":"565,446","page_number":186,"box":{"x":740,"y":815,"width":59,"height":11}},{"id":"da9d04a3-21bc-488d-9c1b-39f3896e4795","block_type":"box","text":"0.21","page_number":186,"box":{"x":925,"y":815,"width":29,"height":9}},{"id":"a71bb435-b07e-4ecc-9b88-f3d1ccd221f1","block_type":"box","text":"1,604","page_number":186,"box":{"x":155,"y":831,"width":40,"height":10}},{"id":"7e020af5-ee40-473e-9408-a02ecf94b5b0","block_type":"box","text":"L'Oreal","page_number":186,"box":{"x":230,"y":831,"width":51,"height":9}},{"id":"38268f29-4b1e-4270-bc02-471390ba88a4","block_type":"box","text":"525,365","page_number":186,"box":{"x":740,"y":831,"width":59,"height":10}},{"id":"329dfafc-c5a0-479b-b441-a35e0d17244c","block_type":"box","text":"0.19","page_number":186,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"3c914b53-fa5e-4a85-bd60-153764b587c6","block_type":"box","text":"629","page_number":186,"box":{"x":168,"y":846,"width":27,"height":9}},{"id":"57bcb6c4-807f-4fd1-82c9-5d85651104af","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":186,"box":{"x":230,"y":846,"width":265,"height":11}},{"id":"7e0184cd-03b5-4052-99b1-3ae6b3dbc500","block_type":"box","text":"267,095","page_number":186,"box":{"x":740,"y":846,"width":59,"height":11}},{"id":"68700dec-c5f5-406c-8c4c-183085b419c6","block_type":"box","text":"0.10","page_number":186,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"a4d65bc2-cbcd-4df8-a147-11629e230e48","block_type":"box","text":"3,315,196","page_number":186,"box":{"x":726,"y":864,"width":73,"height":11}},{"id":"826b769e-e4d0-4140-8047-e09c542c38ea","block_type":"box","text":"1.22","page_number":186,"box":{"x":926,"y":864,"width":30,"height":9}},{"id":"abc12df6-5ec0-46ef-8e82-2af410af2329","block_type":"box","text":"Security","page_number":186,"box":{"x":42,"y":895,"width":66,"height":11}},{"id":"99774afb-0c8e-42a8-a18c-1bfc7743618a","block_type":"box","text":"1.97% (31 December 2025 - 2.04%)","page_number":186,"box":{"x":108,"y":895,"width":276,"height":11}},{"id":"7d3b6bd3-f23e-4b21-b74c-b0e965a6d4c0","block_type":"box","text":"28,933","page_number":186,"box":{"x":145,"y":914,"width":50,"height":10}},{"id":"158c281f-8d9f-43eb-88a4-3a712b65bd6b","block_type":"box","text":"Bank of Ireland Group","page_number":186,"box":{"x":230,"y":914,"width":162,"height":11}},{"id":"96564345-bb19-4ab7-b386-5534248ee710","block_type":"box","text":"428,904","page_number":186,"box":{"x":739,"y":914,"width":60,"height":10}},{"id":"50186cc5-d155-46ef-956e-ea28993f0f0d","block_type":"box","text":"0.16","page_number":186,"box":{"x":925,"y":914,"width":31,"height":9}},{"id":"ab906e63-5154-44d3-9246-3f3a11a1faef","block_type":"box","text":"33,657","page_number":186,"box":{"x":145,"y":929,"width":50,"height":11}},{"id":"012a2b98-833f-420e-97dd-a76b105fdd43","block_type":"box","text":"BHP Group","page_number":186,"box":{"x":230,"y":929,"width":84,"height":11}},{"id":"77521569-8018-4d65-a669-c4307548a059","block_type":"box","text":"1,057,264","page_number":186,"box":{"x":727,"y":929,"width":72,"height":11}},{"id":"73391d59-07e9-4ae3-a86b-1f6914a8cfff","block_type":"box","text":"0.39","page_number":186,"box":{"x":925,"y":929,"width":31,"height":9}},{"id":"322b7046-2b6b-44ff-964f-9a318b437449","block_type":"box","text":"186","page_number":187,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"0e5e4c39-dfbe-4655-9816-4044b5d32ce2","block_type":"box","text":"187","page_number":187,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"f37e9696-153e-46bd-b236-6e3e72832df0","block_type":"box","text":"SARASIN Balanced Managed","page_number":187,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"1070e11c-ed8a-4139-a89c-936799eb002d","block_type":"box","text":"Portfolio Statement (continued)","page_number":187,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"bf48f740-c511-4c49-9ffb-d7646df7b140","block_type":"box","text":"Holding/Nominal Value","page_number":187,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"5c85ea23-9eb2-4e1d-9f5a-d26ecd70710e","block_type":"box","text":"Investment","page_number":187,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"aa9cf95b-0a3e-43f4-bb08-755391dd8054","block_type":"box","text":"Market","page_number":187,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"fe28335d-b3c2-4323-837d-4a882517a468","block_type":"box","text":"Value","page_number":187,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"784c2360-436c-40ec-a7e5-192cd929a6e1","block_type":"box","text":"£","page_number":187,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"5e812c19-85dc-4038-97aa-65c6d976a540","block_type":"box","text":"% of","page_number":187,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"71ad6b36-3077-4e7a-baba-979093a16a9f","block_type":"box","text":"Net Assets","page_number":187,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"1b0a250f-7be8-40af-9840-c24b43114a68","block_type":"box","text":"Security (continued)","page_number":187,"box":{"x":42,"y":164,"width":161,"height":11}},{"id":"ad34ea32-3f5f-452d-9db3-2b1d96e468f9","block_type":"box","text":"10,080","page_number":187,"box":{"x":146,"y":183,"width":49,"height":10}},{"id":"d3a2daaa-8916-496c-91a1-0e6f6843d8f3","block_type":"box","text":"Citigroup","page_number":187,"box":{"x":230,"y":183,"width":65,"height":11}},{"id":"04fec66d-c2d8-49cc-a3e9-62fd0dec804f","block_type":"box","text":"1,055,957","page_number":187,"box":{"x":727,"y":183,"width":72,"height":10}},{"id":"5366ebe8-5372-4274-87a4-c0dcff0a79bc","block_type":"box","text":"0.39","page_number":187,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"d9caceb5-c2db-42b7-83cd-cf6cc221709d","block_type":"box","text":"3,278","page_number":187,"box":{"x":154,"y":198,"width":41,"height":11}},{"id":"4baad9dd-1275-48f0-80e3-c279834d7d77","block_type":"box","text":"CME Group","page_number":187,"box":{"x":230,"y":198,"width":87,"height":11}},{"id":"a2c6259e-c305-4d95-a0df-23038abae6cc","block_type":"box","text":"580,506","page_number":187,"box":{"x":740,"y":198,"width":59,"height":11}},{"id":"b8581f50-2545-4dcb-bf1d-1fdd482de61a","block_type":"box","text":"0.21","page_number":187,"box":{"x":925,"y":198,"width":29,"height":9}},{"id":"6994f7bd-c293-4860-bf54-1f130582783f","block_type":"box","text":"19,600","page_number":187,"box":{"x":146,"y":214,"width":49,"height":10}},{"id":"6a214147-9945-4b1d-9e9f-6b1940c77070","block_type":"box","text":"DBS Group","page_number":187,"box":{"x":230,"y":213,"width":84,"height":12}},{"id":"ac4372d8-440b-4288-ab0c-5fd0359cfa77","block_type":"box","text":"756,706","page_number":187,"box":{"x":740,"y":214,"width":59,"height":10}},{"id":"336e4b09-1047-43ba-a46a-a0aa8702aad3","block_type":"box","text":"0.28","page_number":187,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"c86f6172-4d7f-4b42-b913-3b125370a0e9","block_type":"box","text":"618","page_number":187,"box":{"x":168,"y":229,"width":27,"height":9}},{"id":"95317430-617b-4885-a7c4-327c10312360","block_type":"box","text":"Deere & Company","page_number":187,"box":{"x":230,"y":229,"width":137,"height":11}},{"id":"b4b3d476-0147-4783-84d9-81750f2b17fb","block_type":"box","text":"287,262","page_number":187,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"74e64562-2090-4115-9f39-11fbb0f8ce8e","block_type":"box","text":"0.11","page_number":187,"box":{"x":926,"y":229,"width":28,"height":9}},{"id":"0f27c775-d0b8-488e-a3ee-e4de80045e38","block_type":"box","text":"3,145","page_number":187,"box":{"x":154,"y":244,"width":41,"height":11}},{"id":"b0fafc96-8e91-439e-a61c-7ac82836902c","block_type":"box","text":"JPMorgan Chase & Company","page_number":187,"box":{"x":229,"y":244,"width":222,"height":11}},{"id":"c3e192a0-c445-4c1a-ad9f-0dc32bfb7ef0","block_type":"box","text":"786,868","page_number":187,"box":{"x":740,"y":244,"width":59,"height":11}},{"id":"7912e682-9a2b-4c40-af5c-b472c2f96e5b","block_type":"box","text":"0.29","page_number":187,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"6ca7a120-2871-4daa-a292-0e0b9d6fe1e1","block_type":"box","text":"295","page_number":187,"box":{"x":168,"y":260,"width":27,"height":8}},{"id":"6a816060-c883-402e-ad90-d06e487bd1a4","block_type":"box","text":"MercadoLibre","page_number":187,"box":{"x":230,"y":260,"width":101,"height":8}},{"id":"9bbf3816-02a0-49f1-a13d-9b513856994d","block_type":"box","text":"389,325","page_number":187,"box":{"x":740,"y":260,"width":59,"height":10}},{"id":"b876bf8e-455e-42e8-bdaa-10c16525c350","block_type":"box","text":"0.14","page_number":187,"box":{"x":925,"y":260,"width":31,"height":8}},{"id":"a0a7036d-c982-4808-a033-8c24df32b5c9","block_type":"box","text":"5,342,792","page_number":187,"box":{"x":726,"y":278,"width":73,"height":10}},{"id":"1d1a4445-130c-432f-ad1b-99c1c35c0ebd","block_type":"box","text":"1.97","page_number":187,"box":{"x":926,"y":278,"width":30,"height":8}},{"id":"534be500-6c71-4f10-a685-df69c8e87886","block_type":"box","text":"Climate Change","page_number":187,"box":{"x":43,"y":309,"width":125,"height":11}},{"id":"b5aea255-2fee-43fd-a316-4c827828a817","block_type":"box","text":"0.24% (31 December 2025 - 0.20%)","page_number":187,"box":{"x":169,"y":309,"width":276,"height":11}},{"id":"3b7d0326-4707-408a-b705-5f8eedf0f99c","block_type":"box","text":"1,618","page_number":187,"box":{"x":155,"y":327,"width":40,"height":11}},{"id":"98a2a1dc-266a-4b6f-afda-dbece7ce753f","block_type":"box","text":"Linde","page_number":187,"box":{"x":230,"y":327,"width":39,"height":9}},{"id":"df09560a-3d13-4b61-8e7f-bc701ba7da2b","block_type":"box","text":"661,821","page_number":187,"box":{"x":740,"y":327,"width":57,"height":11}},{"id":"f30745d4-a4c9-4e96-9908-1d18f4dd2a91","block_type":"box","text":"0.24","page_number":187,"box":{"x":925,"y":327,"width":31,"height":9}},{"id":"ba5d1edd-63c4-4e64-9dfe-7efc8574820c","block_type":"box","text":"661,821","page_number":187,"box":{"x":740,"y":345,"width":57,"height":11}},{"id":"299b0794-10bc-40bb-9075-676e16d16d28","block_type":"box","text":"0.24","page_number":187,"box":{"x":925,"y":345,"width":32,"height":9}},{"id":"377a27a0-e4f5-4347-8c7c-253650210c33","block_type":"box","text":"Sustained Income","page_number":187,"box":{"x":42,"y":376,"width":143,"height":9}},{"id":"63af32d7-4968-4e83-8c76-4f0c0fbadf61","block_type":"box","text":"0.47% (31 December 2025 - 0.76%)","page_number":187,"box":{"x":186,"y":376,"width":276,"height":11}},{"id":"5b2817af-0b9f-4019-bf9f-f61637c90c56","block_type":"box","text":"335,773","page_number":187,"box":{"x":135,"y":395,"width":60,"height":10}},{"id":"6db8657d-0360-4446-9cb7-fbb286ad3cfb","block_type":"box","text":"3i Infrastructure","page_number":187,"box":{"x":229,"y":395,"width":116,"height":9}},{"id":"a52e0c3c-76fc-4b1d-b9ab-b79493b63775","block_type":"box","text":"1,291,047","page_number":187,"box":{"x":727,"y":395,"width":72,"height":10}},{"id":"0ceb0810-fcd7-4f8d-9bf9-175044759d84","block_type":"box","text":"0.47","page_number":187,"box":{"x":925,"y":395,"width":31,"height":9}},{"id":"e2bbcabd-3408-485b-9c39-1b6c70fe77a1","block_type":"box","text":"1,291,047","page_number":187,"box":{"x":727,"y":413,"width":72,"height":10}},{"id":"3cb62f7f-1371-4ab6-bfe2-69f014e73260","block_type":"box","text":"0.47","page_number":187,"box":{"x":925,"y":413,"width":31,"height":9}},{"id":"e7139b2e-c309-476e-9ad9-cce95fa94393","block_type":"box","text":"Global Exchange Traded Funds","page_number":187,"box":{"x":43,"y":444,"width":249,"height":11}},{"id":"7d503cc0-9d47-4969-890f-6eaceb69ffeb","block_type":"box","text":"56.41% (31 December 2025 - 57.52%)","page_number":187,"box":{"x":293,"y":444,"width":295,"height":11}},{"id":"f11d6f91-adc4-4831-8278-8f405db8735d","block_type":"box","text":"1,297,956","page_number":187,"box":{"x":123,"y":462,"width":72,"height":11}},{"id":"0bf9fc4c-d8be-40d8-b8c0-3d8f1f8244ea","block_type":"box","text":"Fidelity Global Quality Income UCITS ETF","page_number":187,"box":{"x":230,"y":462,"width":312,"height":12}},{"id":"423de528-c110-4163-ae22-44cd14135af1","block_type":"box","text":"11,164,898","page_number":187,"box":{"x":719,"y":462,"width":80,"height":11}},{"id":"ac8dc8f5-9a9d-4f9d-9b26-13327a2f6405","block_type":"box","text":"4.11","page_number":187,"box":{"x":926,"y":463,"width":28,"height":8}},{"id":"06d680ce-f3a3-441a-a25e-d0f89fcd4fe7","block_type":"box","text":"103,661","page_number":187,"box":{"x":137,"y":478,"width":55,"height":10}},{"id":"27cd5be5-ef25-4e13-811f-e54fc28a87eb","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD","page_number":187,"box":{"x":230,"y":478,"width":358,"height":11}},{"id":"2d90bfec-c9a5-48b9-a4c4-f79ce959dda6","block_type":"box","text":"Accumulation","page_number":187,"box":{"x":229,"y":492,"width":99,"height":9}},{"id":"158609b3-d404-428c-93ba-fcfd7e4054c6","block_type":"box","text":"6,330,577","page_number":187,"box":{"x":726,"y":492,"width":73,"height":10}},{"id":"9aeb7a77-674f-4e24-92c6-9cab45d7c2a8","block_type":"box","text":"2.33","page_number":187,"box":{"x":925,"y":492,"width":31,"height":9}},{"id":"67c8a0b6-d00e-45f7-8b38-8afc43808270","block_type":"box","text":"212,253","page_number":187,"box":{"x":135,"y":507,"width":60,"height":11}},{"id":"39e51273-538a-4fa8-a154-50e361495ce7","block_type":"box","text":"iShares Core S&P 500 UCITS ETF USD Distribution","page_number":187,"box":{"x":230,"y":507,"width":386,"height":9}},{"id":"88721d0b-e635-4132-bc1b-c6f3857089f9","block_type":"box","text":"11,873,433","page_number":187,"box":{"x":719,"y":507,"width":80,"height":11}},{"id":"d4efb354-7c3d-4bb7-a9a9-d196e9d9ea20","block_type":"box","text":"4.37","page_number":187,"box":{"x":925,"y":507,"width":31,"height":9}},{"id":"ec7fa3d6-9d97-401c-86d3-cffd6b663a1f","block_type":"box","text":"56,884","page_number":187,"box":{"x":145,"y":523,"width":50,"height":10}},{"id":"08f3d2bc-152c-4e4d-ab96-aa654b2da9e1","block_type":"box","text":"iShares GBP Corp Bond 0-5yr UCITS ETF","page_number":187,"box":{"x":230,"y":523,"width":314,"height":11}},{"id":"44b5da3e-e2a6-4c2d-b773-c444fe033699","block_type":"box","text":"5,819,233","page_number":187,"box":{"x":726,"y":523,"width":73,"height":10}},{"id":"20d088ee-ca21-4d03-b509-b40da04af77c","block_type":"box","text":"2.14","page_number":187,"box":{"x":925,"y":523,"width":31,"height":9}},{"id":"b8312fd1-aa91-4498-bbcc-713834f39fa2","block_type":"box","text":"261,934","page_number":187,"box":{"x":135,"y":538,"width":60,"height":11}},{"id":"c87b0eaf-6b86-4e2b-b62b-d68669a6cdaf","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":187,"box":{"x":230,"y":538,"width":367,"height":11}},{"id":"7f68b64e-d02e-47d0-9c15-8afa3ff14823","block_type":"box","text":"1,995,675","page_number":187,"box":{"x":727,"y":538,"width":72,"height":11}},{"id":"e7029528-7da1-4743-a53a-eb7f3b4a915d","block_type":"box","text":"0.73","page_number":187,"box":{"x":925,"y":538,"width":31,"height":9}},{"id":"fdffc76b-161a-4cbd-96cc-2e55747872ec","block_type":"box","text":"45,238","page_number":187,"box":{"x":144,"y":554,"width":51,"height":10}},{"id":"f7fee86d-b8d3-43ab-9ac2-6f87fde2ea71","block_type":"box","text":"iShares Global Infrastructure UCITS ETF","page_number":187,"box":{"x":230,"y":553,"width":303,"height":9}},{"id":"2a26c690-3ef7-47a6-8d33-b753c8f1e16a","block_type":"box","text":"1,340,854","page_number":187,"box":{"x":727,"y":554,"width":72,"height":10}},{"id":"714acae1-0bc0-4966-816c-066d068fb879","block_type":"box","text":"0.49","page_number":187,"box":{"x":925,"y":554,"width":31,"height":8}},{"id":"330384fc-e6ff-4eab-9f33-5d0b8c01235f","block_type":"box","text":"116,829","page_number":187,"box":{"x":138,"y":569,"width":57,"height":10}},{"id":"f0fc63e5-ce6d-4ce3-bc56-2691fd966357","block_type":"box","text":"iShares JP Morgan EM Local Government Bond UCITS","page_number":187,"box":{"x":230,"y":569,"width":417,"height":11}},{"id":"f2b34597-b18a-419c-a62e-3cb94a7b27c7","block_type":"box","text":"ETF","page_number":187,"box":{"x":230,"y":583,"width":30,"height":9}},{"id":"d6f00072-78c3-4d76-b827-b69b4380f85e","block_type":"box","text":"4,057,419","page_number":187,"box":{"x":725,"y":583,"width":74,"height":11}},{"id":"440fd623-8117-4ff0-b6af-b91d655f053c","block_type":"box","text":"1.49","page_number":187,"box":{"x":926,"y":583,"width":30,"height":9}},{"id":"7fa16fd3-f243-49be-b50b-80041d34d21a","block_type":"box","text":"20,171","page_number":187,"box":{"x":145,"y":599,"width":47,"height":10}},{"id":"feab18d1-bb8f-4d21-9267-5af795abc2df","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":187,"box":{"x":229,"y":598,"width":411,"height":12}},{"id":"e6b3f497-31ec-4e66-a1bf-d88e6573556a","block_type":"box","text":"4,877,584","page_number":187,"box":{"x":725,"y":599,"width":74,"height":10}},{"id":"bfa5b334-81bf-4664-a0eb-8562e312cf36","block_type":"box","text":"1.79","page_number":187,"box":{"x":926,"y":599,"width":30,"height":8}},{"id":"f63718e4-047c-4198-a30a-386a6ca37fef","block_type":"box","text":"77,904","page_number":187,"box":{"x":145,"y":614,"width":50,"height":10}},{"id":"9091a102-717e-4c86-b2de-943cb45ffb5b","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS","page_number":187,"box":{"x":229,"y":614,"width":421,"height":11}},{"id":"e74ca8a9-a737-478d-a56d-e75ba0978061","block_type":"box","text":"ETF","page_number":187,"box":{"x":230,"y":628,"width":30,"height":9}},{"id":"40ba0765-62d2-4024-94aa-9c59cc5a2cd5","block_type":"box","text":"5,113,115","page_number":187,"box":{"x":728,"y":628,"width":71,"height":11}},{"id":"4f93da2e-3b67-49af-8035-2e68111a73db","block_type":"box","text":"1.88","page_number":187,"box":{"x":926,"y":628,"width":30,"height":9}},{"id":"5fc025f2-8bd8-4bf9-9f61-47528c8e4b76","block_type":"box","text":"51,388","page_number":187,"box":{"x":145,"y":644,"width":50,"height":10}},{"id":"a2ec59a0-ebfd-4d47-b914-7dbfc50c4745","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":187,"box":{"x":229,"y":644,"width":301,"height":8}},{"id":"ababfcdb-5db1-4805-905b-3b2342ad5a0c","block_type":"box","text":"28,817,672","page_number":187,"box":{"x":716,"y":644,"width":83,"height":10}},{"id":"3f0ea48c-b56c-4c7e-9253-4466c7e425f8","block_type":"box","text":"10.60","page_number":187,"box":{"x":917,"y":644,"width":39,"height":8}},{"id":"b6d51830-df54-47b4-8117-1b611602e8f3","block_type":"box","text":"130,325","page_number":187,"box":{"x":137,"y":659,"width":58,"height":10}},{"id":"fed8ba5a-8100-405c-89fa-63b8ac33104b","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":187,"box":{"x":229,"y":659,"width":242,"height":11}},{"id":"d0f8a5b1-543c-4ac5-8fe8-5d4377ebf08a","block_type":"box","text":"6,021,667","page_number":187,"box":{"x":726,"y":659,"width":73,"height":10}},{"id":"b49362c7-6b3c-4e8b-ba6c-f5e2232ccf78","block_type":"box","text":"2.21","page_number":187,"box":{"x":925,"y":659,"width":29,"height":9}},{"id":"fe4a1bc3-6fcd-4d81-8312-0f770ebe6774","block_type":"box","text":"110,441","page_number":187,"box":{"x":138,"y":674,"width":54,"height":11}},{"id":"ad48ff8c-bab9-4edb-bb14-cf721000d9f0","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS","page_number":187,"box":{"x":229,"y":674,"width":427,"height":11}},{"id":"0fe7261e-84de-4f51-909d-e84b5e5dba08","block_type":"box","text":"ETF","page_number":187,"box":{"x":230,"y":689,"width":30,"height":8}},{"id":"c3fac507-14b0-4075-b268-f4eb28981874","block_type":"box","text":"3,661,315","page_number":187,"box":{"x":726,"y":689,"width":73,"height":10}},{"id":"f4c48016-7e70-4534-9499-d5c291cdf2d1","block_type":"box","text":"1.35","page_number":187,"box":{"x":926,"y":689,"width":31,"height":8}},{"id":"5e9c084f-30f3-4b2a-b752-c6ded3b05df3","block_type":"box","text":"246,063","page_number":187,"box":{"x":135,"y":704,"width":60,"height":10}},{"id":"2227ec1c-c269-4984-bd8c-6ea2731f9de1","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":187,"box":{"x":229,"y":704,"width":404,"height":11}},{"id":"5cbcd10e-a3ef-4039-a137-969d9b84c333","block_type":"box","text":"10,714,813","page_number":187,"box":{"x":718,"y":704,"width":81,"height":10}},{"id":"35f9c5c3-c812-446f-b329-af010b8c2ca6","block_type":"box","text":"3.94","page_number":187,"box":{"x":925,"y":704,"width":31,"height":9}},{"id":"96f6e464-3155-43d0-b015-401cbb364f6b","block_type":"box","text":"315,451","page_number":187,"box":{"x":135,"y":719,"width":57,"height":11}},{"id":"08b180e6-b496-4778-aca9-f962c5c0b458","block_type":"box","text":"Vanguard Global Aggregate Bond UCITS ETF","page_number":187,"box":{"x":229,"y":719,"width":340,"height":11}},{"id":"6f14588d-d816-43d5-b410-4c04809c22e5","block_type":"box","text":"7,062,948","page_number":187,"box":{"x":726,"y":719,"width":73,"height":11}},{"id":"0fe6ccd8-79ce-4f6d-9d44-910fc7d7f683","block_type":"box","text":"2.60","page_number":187,"box":{"x":925,"y":719,"width":31,"height":9}},{"id":"40c860ba-2c29-4aa4-b2fa-52a66c642399","block_type":"box","text":"249,605","page_number":187,"box":{"x":135,"y":735,"width":60,"height":10}},{"id":"2c7dc206-7168-4453-b81a-19569b43f5c5","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":187,"box":{"x":229,"y":734,"width":349,"height":12}},{"id":"3d5ef31d-2890-484d-8dfc-dafc69bd1da4","block_type":"box","text":"17,578,394","page_number":187,"box":{"x":718,"y":735,"width":81,"height":10}},{"id":"f271d188-771b-48f0-95d8-4789a39b9e3e","block_type":"box","text":"6.46","page_number":187,"box":{"x":925,"y":735,"width":31,"height":8}},{"id":"56fde4c5-ca86-44aa-805b-0dff80b9833a","block_type":"box","text":"53,648","page_number":187,"box":{"x":145,"y":750,"width":50,"height":10}},{"id":"0d37467d-7087-4ae5-99fe-e7dee0119ba3","block_type":"box","text":"Xtrackers MSCI Europe Small Cap UCITS ETF","page_number":187,"box":{"x":229,"y":750,"width":349,"height":11}},{"id":"1c89f48a-0b2f-412c-92c8-ccb0faa2aaa0","block_type":"box","text":"3,393,236","page_number":187,"box":{"x":726,"y":750,"width":73,"height":10}},{"id":"0269096c-fde8-463e-890b-a354d20168b3","block_type":"box","text":"1.25","page_number":187,"box":{"x":926,"y":750,"width":31,"height":9}},{"id":"5c0dca7f-213a-4c73-a238-3d835e074988","block_type":"box","text":"187,965","page_number":187,"box":{"x":137,"y":765,"width":58,"height":11}},{"id":"44b22e2d-1ec8-488f-96e5-6dddcb1eb746","block_type":"box","text":"Xtrackers S&P 500 UCITS ETF","page_number":187,"box":{"x":229,"y":765,"width":232,"height":9}},{"id":"38665b3e-e062-4005-8ec1-084262cecab2","block_type":"box","text":"23,574,570","page_number":187,"box":{"x":716,"y":765,"width":83,"height":11}},{"id":"3e248de8-c32f-40a7-9b9f-30a1b47489ce","block_type":"box","text":"8.67","page_number":187,"box":{"x":925,"y":765,"width":31,"height":9}},{"id":"4116c886-ec2e-45e4-9307-5ad19731f2a8","block_type":"box","text":"153,397,403","page_number":187,"box":{"x":708,"y":783,"width":91,"height":11}},{"id":"98c28bcf-d4cd-4b0c-9813-09668d990b60","block_type":"box","text":"56.41","page_number":187,"box":{"x":916,"y":783,"width":38,"height":9}},{"id":"8adad963-9d41-4b85-81ab-2bfc089df5ef","block_type":"box","text":"Global Exchange Traded Commodities","page_number":187,"box":{"x":43,"y":814,"width":305,"height":11}},{"id":"20ac970b-35ec-4745-8b3c-e46eef1e3e18","block_type":"box","text":"2.01% (31 December 2025 - 4.36%)","page_number":187,"box":{"x":354,"y":814,"width":271,"height":11}},{"id":"6c9f044b-fcce-4255-b408-7c44eac5347f","block_type":"box","text":"46,422","page_number":187,"box":{"x":144,"y":833,"width":51,"height":10}},{"id":"85a109b9-acfe-4126-8eeb-393146818923","block_type":"box","text":"Invesco Physical Gold","page_number":187,"box":{"x":230,"y":833,"width":163,"height":11}},{"id":"c2e19d9e-b2f2-4112-bb6e-49f42c7a5771","block_type":"box","text":"4,196,549","page_number":187,"box":{"x":725,"y":833,"width":74,"height":10}},{"id":"4ff0d554-e47b-4fb7-9ecf-c0b408df690b","block_type":"box","text":"1.54","page_number":187,"box":{"x":926,"y":833,"width":30,"height":9}},{"id":"bf89f2a4-f0eb-458b-82d4-ec3dc5723642","block_type":"box","text":"90,739","page_number":187,"box":{"x":145,"y":848,"width":50,"height":11}},{"id":"0f85a1bc-47c1-441b-8b93-f4cf075503db","block_type":"box","text":"WisdomTree Industrial Metals","page_number":187,"box":{"x":229,"y":848,"width":221,"height":9}},{"id":"6cd501ae-fee1-445d-b3a5-67bcbdbbb4e0","block_type":"box","text":"1,274,388","page_number":187,"box":{"x":727,"y":848,"width":72,"height":11}},{"id":"3d7e0051-b67e-4d93-aae7-e4200cbbb8e5","block_type":"box","text":"0.47","page_number":187,"box":{"x":925,"y":848,"width":31,"height":9}},{"id":"4d9c927c-d94a-42c9-a42d-c6c323c05b07","block_type":"box","text":"5,470,937","page_number":187,"box":{"x":726,"y":866,"width":73,"height":11}},{"id":"563cd992-148c-4087-8131-d02a4b111991","block_type":"box","text":"2.01","page_number":187,"box":{"x":925,"y":866,"width":29,"height":9}},{"id":"08196649-94b9-487a-bf5f-a67243e097a8","block_type":"box","text":"Global Collective Investment Schemes","page_number":187,"box":{"x":43,"y":897,"width":306,"height":9}},{"id":"bdc89fc3-e18d-45fc-9339-9c66069f4b35","block_type":"box","text":"9.40% (31 December 2025 - 7.59%)","page_number":187,"box":{"x":350,"y":897,"width":276,"height":11}},{"id":"af85b44e-373f-4511-8caf-35ca769ce17e","block_type":"box","text":"5,567","page_number":187,"box":{"x":154,"y":916,"width":41,"height":10}},{"id":"048f37db-da77-42f7-a585-d388b02e37aa","block_type":"box","text":"AXA World Funds - US High Yield Bonds","page_number":187,"box":{"x":229,"y":916,"width":302,"height":11}},{"id":"23efa793-ed5e-42c1-9675-f5dc1ede9083","block_type":"box","text":"511,734","page_number":187,"box":{"x":741,"y":916,"width":58,"height":10}},{"id":"66136b9f-fe4d-46b7-ad92-6ed5a7120715","block_type":"box","text":"0.19","page_number":187,"box":{"x":925,"y":916,"width":31,"height":9}},{"id":"288e5ce8-82d9-4565-9658-7eb76ddc7eed","block_type":"box","text":"194,073","page_number":187,"box":{"x":137,"y":931,"width":58,"height":11}},{"id":"241c0e35-2cad-471c-a9e9-ed646cba23e5","block_type":"box","text":"Brown Advisory US Mid-Cap Growth Fund","page_number":187,"box":{"x":230,"y":931,"width":311,"height":11}},{"id":"f689d898-eb7b-425e-bb39-cd21082adf9a","block_type":"box","text":"4,273,477","page_number":187,"box":{"x":725,"y":931,"width":74,"height":11}},{"id":"d1fd81ba-ae45-4646-9b15-0506190f695a","block_type":"box","text":"1.57","page_number":187,"box":{"x":926,"y":931,"width":30,"height":9}},{"id":"fab96c5a-e309-4008-b58d-345b6542a69e","block_type":"box","text":"187","page_number":188,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"99f9e93c-d2b3-4d26-ab38-ce977596e0d3","block_type":"box","text":"SARASIN Balanced Managed","page_number":188,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"2cd3fc95-74bc-4d6d-90b8-377b241305f4","block_type":"box","text":"Portfolio Statement (continued)","page_number":188,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"f7620af0-5701-4ff5-b41c-3d3b4cdd72a2","block_type":"box","text":"Holding/Nominal Value","page_number":188,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"7825f6e2-711a-48b6-bc36-afe81a603ffb","block_type":"box","text":"Investment","page_number":188,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"3579688c-b4eb-47a4-bca7-a066bc855715","block_type":"box","text":"Market","page_number":188,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"900a5de6-0932-4ea8-9d1f-3fdd55eeeee3","block_type":"box","text":"Value","page_number":188,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"5ecd17c2-524c-4d39-a843-95ec31b7e661","block_type":"box","text":"£","page_number":188,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"d8adfbf1-924c-41f3-97ec-bd854ad768c5","block_type":"box","text":"% of","page_number":188,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"746ec167-e3bb-4cf3-99e6-2149ea5899b7","block_type":"box","text":"Net Assets","page_number":188,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"b77c8a9e-9c0e-470c-a35a-2b3e44bf890d","block_type":"box","text":"Global Collective Investment Schemes (continued)","page_number":188,"box":{"x":43,"y":164,"width":402,"height":11}},{"id":"137d4f66-9d1e-422f-9e2d-8561013967dd","block_type":"box","text":"19,268","page_number":188,"box":{"x":146,"y":183,"width":49,"height":10}},{"id":"2225dfb0-2db8-422f-8083-d2f9de8baae7","block_type":"box","text":"Coremont Investment Fund - Brevan Howard Absolute","page_number":188,"box":{"x":230,"y":183,"width":407,"height":9}},{"id":"c2a495db-c749-4b48-931f-07ae084f89cb","block_type":"box","text":"Return Government Bond Fund Class 'A2' GBP","page_number":188,"box":{"x":230,"y":197,"width":356,"height":9}},{"id":"7355d407-c79e-4c22-8d30-0cfbd17864ce","block_type":"box","text":"Accumulation","page_number":188,"box":{"x":229,"y":211,"width":99,"height":9}},{"id":"d336113b-aa84-4ad4-9ab9-b6e28ec18f7f","block_type":"box","text":"2,397,398","page_number":188,"box":{"x":726,"y":211,"width":73,"height":11}},{"id":"ffbcb692-f289-435c-a6df-11b328f11791","block_type":"box","text":"0.88","page_number":188,"box":{"x":925,"y":211,"width":31,"height":9}},{"id":"3522da3e-d783-4646-becb-a57fc56c8a6d","block_type":"box","text":"19,553","page_number":188,"box":{"x":146,"y":227,"width":49,"height":10}},{"id":"b98f7ba2-1046-4c57-a0e3-f2f9fffab6fd","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":188,"box":{"x":230,"y":227,"width":321,"height":11}},{"id":"78f35a08-d538-4eab-9c0b-f86e06ce0873","block_type":"box","text":"2,711,695","page_number":188,"box":{"x":727,"y":227,"width":72,"height":10}},{"id":"fe17f6d9-839e-49c6-8a33-0275dda2dc16","block_type":"box","text":"1.00","page_number":188,"box":{"x":926,"y":227,"width":30,"height":8}},{"id":"0b4ff38a-f556-4710-9059-12c8ff5041a9","block_type":"box","text":"24,019","page_number":188,"box":{"x":145,"y":242,"width":50,"height":10}},{"id":"36c81bb1-46ae-44df-9b81-29f022437eda","block_type":"box","text":"Muzinich Global Tactical Credit Fund","page_number":188,"box":{"x":230,"y":242,"width":270,"height":9}},{"id":"2c001cdd-4345-4dda-b33f-7985b3e1fc53","block_type":"box","text":"2,210,505","page_number":188,"box":{"x":726,"y":242,"width":73,"height":10}},{"id":"87d5181c-fbb8-4e28-abaf-a35bf78aca39","block_type":"box","text":"0.81","page_number":188,"box":{"x":925,"y":242,"width":29,"height":9}},{"id":"c95045ce-8b54-46a4-83f1-13adf226d6d2","block_type":"box","text":"740,047","page_number":188,"box":{"x":136,"y":257,"width":59,"height":11}},{"id":"a4bd02b3-a183-4e23-b029-6960a90e546a","block_type":"box","text":"PIMCO GIS Global Bond ESG Fund","page_number":188,"box":{"x":230,"y":257,"width":266,"height":9}},{"id":"d134cf0a-f57f-472c-b812-77009f41e6b2","block_type":"box","text":"7,074,846","page_number":188,"box":{"x":726,"y":257,"width":73,"height":11}},{"id":"70a2afcc-cb40-451e-89a2-0929e98ad0f6","block_type":"box","text":"2.60","page_number":188,"box":{"x":925,"y":257,"width":31,"height":9}},{"id":"3aa9d170-b655-4ed5-b9e1-0354be028d30","block_type":"box","text":"15,364","page_number":188,"box":{"x":146,"y":273,"width":49,"height":10}},{"id":"65e92e12-e228-44aa-a5ec-94cee8b3450e","block_type":"box","text":"Redwheel Next Generation EM Equity Fund","page_number":188,"box":{"x":230,"y":273,"width":323,"height":11}},{"id":"3c501fa6-bc31-46c2-8bcc-78ee58671efa","block_type":"box","text":"2,552,914","page_number":188,"box":{"x":726,"y":273,"width":73,"height":10}},{"id":"8c2e60c9-6b1d-4a1c-b0ad-34c12fb52a49","block_type":"box","text":"0.94","page_number":188,"box":{"x":925,"y":273,"width":31,"height":9}},{"id":"de328af5-e7d2-4ad1-af14-d0a971e0c4d0","block_type":"box","text":"3,144,060","page_number":188,"box":{"x":121,"y":288,"width":74,"height":10}},{"id":"271ba5d7-5c60-4222-9195-d92fd26d9569","block_type":"box","text":"Schroder Asian Income Fund","page_number":188,"box":{"x":229,"y":288,"width":215,"height":9}},{"id":"892f2f8b-cf05-48f2-a8d9-3bea4802dd85","block_type":"box","text":"3,829,465","page_number":188,"box":{"x":726,"y":288,"width":73,"height":10}},{"id":"f4691a05-f00b-451f-9c62-140bcc0273e3","block_type":"box","text":"1.41","page_number":188,"box":{"x":926,"y":288,"width":28,"height":9}},{"id":"742a7b05-a1bb-4d44-aff8-0bdf4af93846","block_type":"box","text":"25,562,034","page_number":188,"box":{"x":716,"y":306,"width":84,"height":11}},{"id":"0300864e-134a-4be5-9682-f45f381a0d16","block_type":"box","text":"9.40","page_number":188,"box":{"x":925,"y":306,"width":31,"height":9}},{"id":"83b0d49c-d52b-46fd-947f-817a63ee73ba","block_type":"box","text":"UK Collective Investment","page_number":188,"box":{"x":43,"y":337,"width":205,"height":9}},{"id":"80d34cee-f397-48dd-bdd4-65e9fa0c207a","block_type":"box","text":"Schemes","page_number":188,"box":{"x":249,"y":337,"width":72,"height":9}},{"id":"0643ac95-6950-454e-9f46-53f9772a471c","block_type":"box","text":"6.43% (31 December 2025 - 7.91%)","page_number":188,"box":{"x":322,"y":337,"width":276,"height":11}},{"id":"8b48d725-8270-4f66-b1d0-8c96bc22a72c","block_type":"box","text":"14,848,161","page_number":188,"box":{"x":113,"y":356,"width":79,"height":10}},{"id":"27b52c14-e593-49bb-aa86-27a2560938b9","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z","page_number":188,"box":{"x":229,"y":356,"width":386,"height":11}},{"id":"10a9bd55-850c-461f-b2af-9aeb23a42353","block_type":"box","text":"Income","page_number":188,"box":{"x":230,"y":370,"width":53,"height":9}},{"id":"ec724965-8570-4a7e-9011-2249c466d116","block_type":"box","text":"1","page_number":188,"box":{"x":285,"y":370,"width":2,"height":5}},{"id":"d46465db-8319-4f70-a666-f5487bccaa97","block_type":"box","text":"12,686,269","page_number":188,"box":{"x":718,"y":370,"width":81,"height":10}},{"id":"5b5a7074-37bc-44e5-bba1-5d9af870dbba","block_type":"box","text":"4.67","page_number":188,"box":{"x":925,"y":370,"width":31,"height":9}},{"id":"8429d43e-4197-4076-9e27-e04ead1e436a","block_type":"box","text":"3,338,823","page_number":188,"box":{"x":121,"y":385,"width":74,"height":11}},{"id":"417483d2-6556-4059-8155-cf88e8bfe2fc","block_type":"box","text":"Trojan Fund X Income","page_number":188,"box":{"x":229,"y":385,"width":165,"height":12}},{"id":"0764655e-767d-47a5-a04e-994249615983","block_type":"box","text":"4,793,882","page_number":188,"box":{"x":725,"y":385,"width":74,"height":11}},{"id":"c972bbf7-51cc-48d1-b859-936846280fde","block_type":"box","text":"1.76","page_number":188,"box":{"x":926,"y":385,"width":30,"height":9}},{"id":"03225ef6-9e02-409a-97a0-5b487cbd0402","block_type":"box","text":"17,480,151","page_number":188,"box":{"x":717,"y":403,"width":80,"height":11}},{"id":"ee5ab88b-f926-4339-b4c2-b6a6ff08f18b","block_type":"box","text":"6.43","page_number":188,"box":{"x":925,"y":403,"width":31,"height":9}},{"id":"5642b3d5-4c42-407b-a7f9-27b3e61a06f7","block_type":"box","text":"UK Gilts","page_number":188,"box":{"x":43,"y":434,"width":64,"height":9}},{"id":"2cea48ae-3dfb-4d91-bc69-df457f4e3002","block_type":"box","text":"10.66% (31 December 2025 - 8.37%)","page_number":188,"box":{"x":108,"y":434,"width":286,"height":11}},{"id":"4a0a9aa0-bfaa-4f87-82ef-73d6ce08591f","block_type":"box","text":"£4,969,310","page_number":188,"box":{"x":112,"y":453,"width":83,"height":10}},{"id":"f8a01892-003c-41d1-b70c-a9173fd5f843","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":188,"box":{"x":230,"y":453,"width":288,"height":11}},{"id":"1b6ccb66-8174-44f9-a768-0c3eacd86770","block_type":"box","text":"4,503,437","page_number":188,"box":{"x":725,"y":453,"width":74,"height":10}},{"id":"f1cda2fa-0c38-461f-ba73-6afeabd76da4","block_type":"box","text":"1.66","page_number":188,"box":{"x":926,"y":453,"width":30,"height":9}},{"id":"36285962-e16a-4117-ae26-79868377d191","block_type":"box","text":"£3,727,450","page_number":188,"box":{"x":112,"y":468,"width":83,"height":11}},{"id":"b353021f-62ac-499e-986e-f9403857ce1d","block_type":"box","text":"United Kingdom Gilt 4.375% 31/07/2054","page_number":188,"box":{"x":230,"y":468,"width":298,"height":12}},{"id":"94dde2fd-026d-49e9-be46-32d313e49d96","block_type":"box","text":"3,113,672","page_number":188,"box":{"x":727,"y":468,"width":72,"height":11}},{"id":"317c5657-b249-463d-9819-46ba3636dcd4","block_type":"box","text":"1.14","page_number":188,"box":{"x":926,"y":469,"width":30,"height":8}},{"id":"182f517b-942e-46dd-9dac-32b888a43b64","block_type":"box","text":"£4,816,480","page_number":188,"box":{"x":112,"y":484,"width":83,"height":10}},{"id":"bf61483d-d8aa-42e4-b0a3-9fd658f7f461","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":188,"box":{"x":230,"y":484,"width":288,"height":11}},{"id":"45e9886c-c043-4d1d-9773-8f120b729cc9","block_type":"box","text":"4,849,577","page_number":188,"box":{"x":725,"y":484,"width":74,"height":10}},{"id":"6bcf0ec0-c528-40f5-8e82-6f3b8e5016d2","block_type":"box","text":"1.78","page_number":188,"box":{"x":926,"y":484,"width":30,"height":9}},{"id":"ff788187-109f-4c85-9807-7d01fef646c1","block_type":"box","text":"£9,076,636","page_number":188,"box":{"x":112,"y":499,"width":83,"height":10}},{"id":"6bc4679b-b710-4430-8ed3-c6a9a99805c7","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":188,"box":{"x":230,"y":499,"width":288,"height":11}},{"id":"a9eff19e-ee8e-4f12-9cb2-32da7beb762a","block_type":"box","text":"8,996,547","page_number":188,"box":{"x":726,"y":499,"width":73,"height":10}},{"id":"e305ad8d-fcbc-42b8-b82a-af978363126b","block_type":"box","text":"3.31","page_number":188,"box":{"x":925,"y":499,"width":29,"height":9}},{"id":"09586ac9-d812-4a87-9ea6-484b42631acc","block_type":"box","text":"£3,296,680","page_number":188,"box":{"x":112,"y":514,"width":83,"height":11}},{"id":"8ac76c2f-74bb-484d-8833-2e5b8e0e35ba","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2043","page_number":188,"box":{"x":230,"y":514,"width":288,"height":12}},{"id":"4bffc90c-9add-4cee-9532-179d6d83a49a","block_type":"box","text":"3,071,022","page_number":188,"box":{"x":726,"y":514,"width":73,"height":11}},{"id":"d6e87637-874e-43a0-a49e-f0467b81e584","block_type":"box","text":"1.13","page_number":188,"box":{"x":926,"y":514,"width":30,"height":9}},{"id":"42349392-6694-4bd3-a23e-de40f220c3f9","block_type":"box","text":"£4,273,259","page_number":188,"box":{"x":112,"y":530,"width":83,"height":10}},{"id":"5ed9ba29-1d3f-48c7-a8fb-d8351829bf5d","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":188,"box":{"x":230,"y":530,"width":288,"height":11}},{"id":"bc62d343-55b2-43eb-8cb3-f9e41e705bcb","block_type":"box","text":"4,465,001","page_number":188,"box":{"x":725,"y":530,"width":72,"height":10}},{"id":"1da65413-f82b-4f6f-b76f-4eb798dc42a7","block_type":"box","text":"1.64","page_number":188,"box":{"x":926,"y":530,"width":30,"height":9}},{"id":"a25c09e3-90fe-4c35-b343-bdc3d99740cb","block_type":"box","text":"28,999,256","page_number":188,"box":{"x":716,"y":548,"width":83,"height":10}},{"id":"fd7f9111-1f95-4696-885e-50a1c3d2fba2","block_type":"box","text":"10.66","page_number":188,"box":{"x":916,"y":548,"width":41,"height":8}},{"id":"61ffb8ff-2309-42f1-9326-495bdabcc8bf","block_type":"box","text":"Options","page_number":188,"box":{"x":43,"y":579,"width":61,"height":11}},{"id":"387f9b71-f93c-4fbe-a65b-f3e633217a90","block_type":"box","text":"0.09% (31 December 2025 - 0.00%)","page_number":188,"box":{"x":105,"y":579,"width":277,"height":11}},{"id":"3dbc34c0-1838-49b4-9e82-6c73bdd7a853","block_type":"box","text":"32","page_number":188,"box":{"x":177,"y":597,"width":18,"height":9}},{"id":"86a074af-3ea2-4324-b68c-2aede94327d9","block_type":"box","text":"Put 7200 on S&P 500 Index Option 18/09/2026","page_number":188,"box":{"x":230,"y":597,"width":348,"height":11}},{"id":"63ad4512-6596-45b6-95f8-fe2b01ba9887","block_type":"box","text":"250,825","page_number":188,"box":{"x":740,"y":597,"width":59,"height":11}},{"id":"f320ebc2-ca20-466e-b268-e15c2aaa3e06","block_type":"box","text":"0.09","page_number":188,"box":{"x":925,"y":597,"width":31,"height":9}},{"id":"bd9f7b68-b766-46b9-9dd1-b3e64a94ef68","block_type":"box","text":"250,825","page_number":188,"box":{"x":740,"y":615,"width":59,"height":11}},{"id":"8a78915c-0237-4922-a089-bfc31ae748be","block_type":"box","text":"0.09","page_number":188,"box":{"x":925,"y":615,"width":31,"height":9}},{"id":"57ba1d91-3938-49d8-ae61-76b6189526f6","block_type":"box","text":"Total Value of Investments 96.18%","page_number":188,"box":{"x":229,"y":656,"width":271,"height":9}},{"id":"53047882-1522-491d-b14c-6e0876013258","block_type":"box","text":"(31 December 2025 - 98.21%)","page_number":188,"box":{"x":230,"y":671,"width":227,"height":11}},{"id":"53907df6-6bb8-4cfd-9aa8-a9ed8f0c9aab","block_type":"box","text":"261,540,097","page_number":188,"box":{"x":707,"y":671,"width":92,"height":10}},{"id":"ae3b957a-904a-469f-8ffc-8f925efacf61","block_type":"box","text":"96.18","page_number":188,"box":{"x":916,"y":671,"width":40,"height":9}},{"id":"1dfef986-7159-4b18-b7a3-99c98a246bd0","block_type":"box","text":"Net Other Assets","page_number":188,"box":{"x":230,"y":687,"width":134,"height":8}},{"id":"8fb5a9d1-2b28-40f4-aa4f-602e4c3717b3","block_type":"box","text":"10,374,227","page_number":188,"box":{"x":718,"y":686,"width":81,"height":11}},{"id":"38d377d8-3d1b-49de-8d04-15c08a678cfe","block_type":"box","text":"3.82","page_number":188,"box":{"x":925,"y":686,"width":31,"height":9}},{"id":"4296f618-73d2-4b3e-bf21-8e4acccb19a1","block_type":"box","text":"Net assets","page_number":188,"box":{"x":230,"y":705,"width":82,"height":8}},{"id":"2fedd578-2448-4fec-832b-059c29bf31fa","block_type":"box","text":"271,914,324","page_number":188,"box":{"x":707,"y":704,"width":93,"height":11}},{"id":"83fbc597-8ea8-45ba-921e-1dfdc1063a60","block_type":"box","text":"100.00","page_number":188,"box":{"x":907,"y":704,"width":49,"height":9}},{"id":"edb05d2a-1d11-4049-98e8-5550b1bb6110","block_type":"box","text":"1","page_number":188,"box":{"x":43,"y":739,"width":1,"height":3}},{"id":"e16a2aae-6ef3-4c4f-9394-be2a5bfa3ff6","block_type":"box","text":"Related party holding","page_number":188,"box":{"x":47,"y":739,"width":109,"height":8}},{"id":"c468b8b8-298c-405b-a516-4528255d2f2f","block_type":"box","text":".","page_number":188,"box":{"x":158,"y":744,"width":2,"height":1}},{"id":"c1b6b1a3-cffc-467e-b4d6-a32a39573fc4","block_type":"box","text":"All holdings are ordinary shares of stock or bonds and are listed on an official stock exchange unless otherwise stated.","page_number":188,"box":{"x":42,"y":759,"width":876,"height":11}},{"id":"929560bc-d4b9-4575-86fd-effa3cf63610","block_type":"box","text":"188","page_number":189,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"0587a1e9-c1b3-48c2-a13d-249be8c85dd8","block_type":"box","text":"SARASIN Balanced Managed","page_number":189,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"2c2d0a36-950c-4b5c-8e3f-7b03b1bafc06","block_type":"box","text":"Portfolio Statement (continued)","page_number":189,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"39bc9041-1c31-4b74-8c1f-5c1f44628f5a","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":189,"box":{"x":42,"y":124,"width":416,"height":9}},{"id":"8f76ced5-cc7c-46c3-ba77-55e57441a385","block_type":"box","text":"Bonds","page_number":189,"box":{"x":230,"y":140,"width":46,"height":9}},{"id":"58fc7d0a-7dd3-4db8-a84d-ae86ce5fac79","block_type":"box","text":"28,999,256","page_number":189,"box":{"x":717,"y":140,"width":82,"height":10}},{"id":"07356d31-f13d-4ff6-9135-a2480dfc7ffa","block_type":"box","text":"10.66","page_number":189,"box":{"x":917,"y":140,"width":39,"height":9}},{"id":"d337c83f-09a3-4289-9cc5-0e299b6ceddf","block_type":"box","text":"Collective Investment Schemes","page_number":189,"box":{"x":230,"y":155,"width":233,"height":9}},{"id":"9ff3aed4-0f76-4031-af4f-46d595ead965","block_type":"box","text":"201,910,525","page_number":189,"box":{"x":707,"y":155,"width":92,"height":11}},{"id":"6c0fa70a-5edb-4a89-9c44-5bb6f7834ae6","block_type":"box","text":"74.25","page_number":189,"box":{"x":916,"y":155,"width":40,"height":9}},{"id":"fcb70f13-24cc-4445-8a56-6e9f59e49ddf","block_type":"box","text":"Derivatives","page_number":189,"box":{"x":230,"y":171,"width":81,"height":8}},{"id":"0a81d46d-d762-4795-82c1-1c9f4449d43e","block_type":"box","text":"250,825","page_number":189,"box":{"x":740,"y":171,"width":59,"height":10}},{"id":"93c9ade3-562c-4a4c-bb62-e08f40f81144","block_type":"box","text":"0.09","page_number":189,"box":{"x":925,"y":171,"width":31,"height":8}},{"id":"2a27e6bd-5ed0-49b0-8d99-2a13d1a41c6d","block_type":"box","text":"Equities","page_number":189,"box":{"x":230,"y":186,"width":58,"height":11}},{"id":"750700f9-48ab-4f03-a17a-1a2547b1e715","block_type":"box","text":"30,379,491","page_number":189,"box":{"x":717,"y":186,"width":80,"height":10}},{"id":"3d6f6a65-2b8c-4658-87f6-87adad6e2fff","block_type":"box","text":"11.18","page_number":189,"box":{"x":918,"y":186,"width":38,"height":9}},{"id":"8884571c-80ce-4ed5-9b6b-522ad7fc0cc3","block_type":"box","text":"Net Other Assets","page_number":189,"box":{"x":230,"y":201,"width":125,"height":9}},{"id":"ce97e426-f039-4d4a-9801-c35478a665c9","block_type":"box","text":"10,374,227","page_number":189,"box":{"x":718,"y":201,"width":81,"height":11}},{"id":"f9ac4e64-cc26-424b-b21e-4e2a665c2dfc","block_type":"box","text":"3.82","page_number":189,"box":{"x":925,"y":201,"width":31,"height":9}},{"id":"e05dfe8a-b310-476f-8a0f-e9eca5ce38d6","block_type":"box","text":"271,914,324","page_number":189,"box":{"x":707,"y":219,"width":93,"height":11}},{"id":"01d96a67-e58c-4cac-bf62-fe523d6a8793","block_type":"box","text":"100.00","page_number":189,"box":{"x":907,"y":219,"width":49,"height":9}},{"id":"e270588f-bfee-4c41-85d2-4817db70822f","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":189,"box":{"x":43,"y":253,"width":677,"height":12}},{"id":"6cc2ae74-430d-453b-bfed-2d12ba9c013c","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":189,"box":{"x":230,"y":269,"width":405,"height":11}},{"id":"ad815605-f0ca-453b-990e-b9dd6b9b041d","block_type":"box","text":"65.38","page_number":189,"box":{"x":916,"y":269,"width":40,"height":9}},{"id":"b65e043f-8dc4-49c9-b244-44d9cdcaaa5e","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":189,"box":{"x":230,"y":284,"width":403,"height":11}},{"id":"0669cb4f-3cb6-4fc8-81cf-16f32dbc4f1e","block_type":"box","text":"(sub BBB- or unrated)","page_number":189,"box":{"x":230,"y":298,"width":162,"height":12}},{"id":"d8056821-e901-410a-beb7-67df90cd8049","block_type":"box","text":"34.62","page_number":189,"box":{"x":916,"y":299,"width":40,"height":8}},{"id":"67405e54-d663-4015-988c-4f1f4e789bf9","block_type":"box","text":"100.00","page_number":189,"box":{"x":907,"y":317,"width":49,"height":8}},{"id":"ac3aad30-9329-4479-ade7-edb8d4069242","block_type":"box","text":"189","page_number":190,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"5930043c-4ae9-44f5-9d72-5b003d51a97e","block_type":"box","text":"SARASIN Balanced Managed","page_number":190,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"1322db07-db97-4728-a012-9898c1bb1357","block_type":"box","text":"Statement of Total Return","page_number":190,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"c2fb21ab-4590-4242-91d4-f4bf1bf1e32c","block_type":"box","text":"For the period ended","page_number":190,"box":{"x":43,"y":95,"width":159,"height":11}},{"id":"d61cf295-79d0-4a71-aea8-35c252090ad7","block_type":"box","text":"3 July 2026 (unaudited)","page_number":190,"box":{"x":203,"y":95,"width":174,"height":11}},{"id":"48d565d4-13c5-46af-82a5-ee42e274be4f","block_type":"box","text":"03.07.2026","page_number":190,"box":{"x":880,"y":125,"width":66,"height":7}},{"id":"fc31104f-f1b3-4076-9c2a-690c193c9649","block_type":"box","text":"1,2","page_number":190,"box":{"x":947,"y":125,"width":10,"height":5}},{"id":"125e4b6c-2813-4cc3-aa4a-2227f9fdbbc2","block_type":"box","text":"£","page_number":190,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"1508815f-3d81-419d-89fb-5342d1347118","block_type":"box","text":"£","page_number":190,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"bf817e98-1c0d-4dbc-97a8-491421d71cd3","block_type":"box","text":"Income","page_number":190,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"3ab3eeb1-259f-42de-ad5f-22385b2d59d3","block_type":"box","text":"Net capital gains","page_number":190,"box":{"x":55,"y":193,"width":122,"height":12}},{"id":"6e837772-6567-470f-9fbc-222b723a2a37","block_type":"box","text":"17,611,238","page_number":190,"box":{"x":876,"y":193,"width":80,"height":11}},{"id":"88fc2171-7f01-4993-98aa-8e265e691608","block_type":"box","text":"Revenue","page_number":190,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"4079fca8-9916-4d71-981a-6b97d0452fe9","block_type":"box","text":"2,871,003","page_number":190,"box":{"x":759,"y":210,"width":74,"height":10}},{"id":"9b186f24-45e2-4298-b085-f8941838e76e","block_type":"box","text":"Expenses","page_number":190,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"0635c61e-eb93-4d3e-8d2e-9c8acf26708d","block_type":"box","text":"(730,364)","page_number":190,"box":{"x":762,"y":225,"width":71,"height":12}},{"id":"adf7f856-6379-465e-a7fe-72592c1f1fa4","block_type":"box","text":"Net revenue before taxation","page_number":190,"box":{"x":43,"y":246,"width":205,"height":9}},{"id":"f51edb82-3a2e-4369-8b71-b85c71cb96ed","block_type":"box","text":"2,140,639","page_number":190,"box":{"x":759,"y":246,"width":74,"height":10}},{"id":"854bfd5c-913d-459e-9215-1fe736ad3f83","block_type":"box","text":"Taxation","page_number":190,"box":{"x":42,"y":262,"width":61,"height":9}},{"id":"f2a5e7cc-1cee-4c41-9dd5-746e61709eb6","block_type":"box","text":"(224,820)","page_number":190,"box":{"x":762,"y":262,"width":71,"height":11}},{"id":"08f3d405-d802-4c52-8358-b9c8b95a78ed","block_type":"box","text":"Net revenue after taxation for the period","page_number":190,"box":{"x":43,"y":276,"width":317,"height":11}},{"id":"705dc6a5-7ad3-4545-8f0d-bcebb1312b90","block_type":"box","text":"1,915,819","page_number":190,"box":{"x":884,"y":276,"width":72,"height":11}},{"id":"18211ca3-1417-4b08-b53b-5a66a854b4c3","block_type":"box","text":"Total returns before distributions","page_number":190,"box":{"x":42,"y":297,"width":263,"height":9}},{"id":"f773d73c-0be2-43b2-a4be-76ce9236b420","block_type":"box","text":"19,527,057","page_number":190,"box":{"x":875,"y":297,"width":81,"height":10}},{"id":"86a6828d-4c9b-4b88-bf38-63485fe8307c","block_type":"box","text":"Distributions","page_number":190,"box":{"x":43,"y":313,"width":91,"height":9}},{"id":"d39a7ef1-c1f3-4cf2-b868-e7225a3d6deb","block_type":"box","text":"(2,534,449)","page_number":190,"box":{"x":872,"y":313,"width":85,"height":11}},{"id":"925c109a-d6f6-4867-b750-ab0e48500dc6","block_type":"box","text":"Change in net assets attributable to shareholders from investment","page_number":190,"box":{"x":43,"y":348,"width":534,"height":11}},{"id":"50522ef2-7645-48d1-8493-04605101f9a8","block_type":"box","text":"activities","page_number":190,"box":{"x":54,"y":362,"width":71,"height":9}},{"id":"836fdbd7-6d06-4de8-a541-c61f67cc4c15","block_type":"box","text":"16,992,608","page_number":190,"box":{"x":875,"y":360,"width":81,"height":11}},{"id":"442998d8-85e3-4d05-a6de-61a299cb9498","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":190,"box":{"x":43,"y":404,"width":620,"height":14}},{"id":"c3b58b39-5cb9-4e73-ac50-17812d83fed5","block_type":"box","text":"For the period ended","page_number":190,"box":{"x":43,"y":420,"width":159,"height":11}},{"id":"522353ad-3969-448c-bb98-d975c15106ba","block_type":"box","text":"3 July 2026 (unaudited)","page_number":190,"box":{"x":203,"y":420,"width":174,"height":11}},{"id":"169bc981-68b5-4b0e-ac87-03d51a95cec8","block_type":"box","text":"03.07.2026","page_number":190,"box":{"x":877,"y":450,"width":66,"height":7}},{"id":"36697048-0feb-4e00-b756-e1eb520f5090","block_type":"box","text":"1,2","page_number":190,"box":{"x":944,"y":450,"width":10,"height":5}},{"id":"628a52c0-295a-490d-b2ff-ff59d29f5592","block_type":"box","text":"£","page_number":190,"box":{"x":826,"y":465,"width":7,"height":7}},{"id":"bc5b1e88-e35c-4e36-be17-667582655a26","block_type":"box","text":"£","page_number":190,"box":{"x":947,"y":465,"width":7,"height":7}},{"id":"c343b576-f25b-43f7-a95e-aeebb795ee81","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":190,"box":{"x":43,"y":501,"width":380,"height":11}},{"id":"8e302178-1f11-4a36-b4f1-9ca26efb6289","block_type":"box","text":"231,936,994","page_number":190,"box":{"x":864,"y":501,"width":92,"height":10}},{"id":"8089fbd5-47b9-47a8-8000-64feda8e99c7","block_type":"box","text":"Issue of shares","page_number":190,"box":{"x":43,"y":517,"width":112,"height":9}},{"id":"efd42074-c700-411f-aabb-6a541e0b2221","block_type":"box","text":"63,864,690","page_number":190,"box":{"x":747,"y":517,"width":82,"height":10}},{"id":"1456fb99-d999-4daf-ad87-346a477cd802","block_type":"box","text":"Cancellation of shares","page_number":190,"box":{"x":43,"y":533,"width":164,"height":9}},{"id":"344659ba-d52d-44eb-aa20-8937fcbf09d7","block_type":"box","text":"(41,038,105)","page_number":190,"box":{"x":741,"y":533,"width":92,"height":11}},{"id":"e76a6e13-0be6-4661-84ec-4ed7ca77ec09","block_type":"box","text":"22,826,585","page_number":190,"box":{"x":874,"y":549,"width":82,"height":10}},{"id":"04b37c24-58a5-4505-a44e-204e3b10db90","block_type":"box","text":"Change in net assets attributable to","page_number":190,"box":{"x":43,"y":565,"width":262,"height":11}},{"id":"1738f3ea-8445-4239-ae75-fb0be8111d98","block_type":"box","text":"shareholders from investment activities (see above)","page_number":190,"box":{"x":54,"y":579,"width":383,"height":12}},{"id":"13bd42c1-df29-471b-8c20-43bc6c5c39bf","block_type":"box","text":"16,992,608","page_number":190,"box":{"x":875,"y":579,"width":81,"height":11}},{"id":"12d3167b-0dec-49be-aa0d-e1cacb7e0b3b","block_type":"box","text":"Retained distribution on accumulation shares","page_number":190,"box":{"x":43,"y":596,"width":333,"height":8}},{"id":"07c1e6f5-a3dd-42be-a854-7a2ea6ef8369","block_type":"box","text":"158,137","page_number":190,"box":{"x":898,"y":596,"width":58,"height":10}},{"id":"1f4c4718-4231-4dfc-9795-cefe47296387","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":190,"box":{"x":43,"y":613,"width":373,"height":11}},{"id":"54b2fb09-2dcd-4ed9-8261-3f3b4e1fc6a8","block_type":"box","text":"271,914,324","page_number":190,"box":{"x":864,"y":611,"width":92,"height":10}},{"id":"26390358-f1fa-4e2f-b2e7-968a66d36a06","block_type":"box","text":"1","page_number":190,"box":{"x":43,"y":637,"width":2,"height":4}},{"id":"eb43f709-a65d-4726-9863-cec9ceeef8c4","block_type":"box","text":"There are no comparative figures shown as the sub-fund launched 29","page_number":190,"box":{"x":46,"y":637,"width":413,"height":9}},{"id":"01ade8e4-bfe8-4e0c-8d9e-85ceab4342b4","block_type":"box","text":"April 2025.","page_number":190,"box":{"x":463,"y":637,"width":63,"height":9}},{"id":"676b1101-06ac-42d6-8c3e-a9629543a34d","block_type":"box","text":"2","page_number":190,"box":{"x":42,"y":648,"width":4,"height":4}},{"id":"9b5c6641-d325-40ba-b3e4-e33cbc86955e","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 t","page_number":190,"box":{"x":46,"y":648,"width":426,"height":9}},{"id":"e78044fd-d99d-4b12-b361-d95e459344f4","block_type":"box","text":"o","page_number":190,"box":{"x":473,"y":650,"width":6,"height":5}},{"id":"bfc0f160-3360-4620-ab46-dd82ead05736","block_type":"box","text":"3 July 2026 as a one-off change arising from the transition of depositary","page_number":190,"box":{"x":484,"y":648,"width":425,"height":9}},{"id":"24fa5b6b-a64b-4c71-a346-161dbee8b3ad","block_type":"box","text":"services. The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution","page_number":190,"box":{"x":42,"y":659,"width":894,"height":8}},{"id":"3dd4991e-929a-4cba-b3ad-ad1277622c9a","block_type":"box","text":"payable to shareholders.","page_number":190,"box":{"x":43,"y":671,"width":145,"height":9}},{"id":"92181519-5680-4713-89e8-5801c26e1309","block_type":"box","text":"190","page_number":191,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"ec1f5067-2306-4a05-aa8c-91f1ec96fe49","block_type":"box","text":"SARASIN Balanced Managed","page_number":191,"box":{"x":43,"y":34,"width":283,"height":13}},{"id":"d6671297-f9a3-4136-bbac-b0dd51197e0c","block_type":"box","text":"Balance Sheet","page_number":191,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"46cb885e-821a-4927-aa44-8cc22448083c","block_type":"box","text":"As at","page_number":191,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"3ee1e2e6-c2d7-46d2-9835-05c6a72a6d93","block_type":"box","text":"3 July 2026 (unaudited)","page_number":191,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"35f994f4-77ff-4859-86e4-ef93b85148ef","block_type":"box","text":"03.07.2026","page_number":191,"box":{"x":644,"y":115,"width":66,"height":6}},{"id":"19170986-770e-4776-9bae-7ddd8570ec51","block_type":"box","text":"1","page_number":191,"box":{"x":712,"y":112,"width":3,"height":5}},{"id":"4eead3c0-10b8-401a-a75b-4b4160c5fb4a","block_type":"box","text":"31.12.2025","page_number":191,"box":{"x":882,"y":115,"width":66,"height":6}},{"id":"e27061a5-bc09-4366-b8d3-0b312f5087ec","block_type":"box","text":"2","page_number":191,"box":{"x":949,"y":112,"width":5,"height":5}},{"id":"94bdbb63-be44-4614-9575-328e4e6e7b99","block_type":"box","text":"£","page_number":191,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"49df9e5c-0bbb-4235-a44b-981c6775a2a7","block_type":"box","text":"£","page_number":191,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"f4e20311-e67f-40ad-bfc3-eb10a8225ceb","block_type":"box","text":"Assets","page_number":191,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"6c81dce3-f5fb-41bd-b1d4-4ec179a7512e","block_type":"box","text":"Investments","page_number":191,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"7146c04e-5024-442d-af89-ead9c1eeb46c","block_type":"box","text":"261,540,097","page_number":191,"box":{"x":626,"y":183,"width":92,"height":10}},{"id":"27663198-5efa-4ca1-8a29-10427a9ada45","block_type":"box","text":"227,791,075","page_number":191,"box":{"x":864,"y":183,"width":92,"height":10}},{"id":"f9aad3e8-7a35-44ed-979f-960629d5f05e","block_type":"box","text":"Amounts receivable","page_number":191,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"47113337-4e10-4436-8f78-c4e9ec8c5366","block_type":"box","text":"5,325,791","page_number":191,"box":{"x":645,"y":199,"width":71,"height":10}},{"id":"282b83eb-ad8b-45d9-8239-69f63d1b0e8c","block_type":"box","text":"413,189","page_number":191,"box":{"x":897,"y":199,"width":59,"height":10}},{"id":"db960e56-cd18-475c-b2d6-f19a74d9db1e","block_type":"box","text":"Cash and cash equivalents","page_number":191,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"ef6b96c6-d145-4255-bc53-6c706116f578","block_type":"box","text":"12,700,925","page_number":191,"box":{"x":637,"y":215,"width":81,"height":10}},{"id":"37e5a610-4c6b-494a-abc1-0058f9314b1c","block_type":"box","text":"5,474,178","page_number":191,"box":{"x":883,"y":215,"width":73,"height":10}},{"id":"30451e1e-8ff8-40a9-9e19-3997462d12e6","block_type":"box","text":"Total assets","page_number":191,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"a20475f1-2bea-4f77-bb4c-5c5a744e3746","block_type":"box","text":"279,566,813","page_number":191,"box":{"x":626,"y":232,"width":92,"height":10}},{"id":"d865b31b-6b45-488a-8406-6cf60d92b849","block_type":"box","text":"233,678,442","page_number":191,"box":{"x":864,"y":232,"width":92,"height":10}},{"id":"a5e2def3-1866-4789-8cea-288aba7ffdee","block_type":"box","text":"Liabilities","page_number":191,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"383e1fd8-254f-4700-bfb9-415e62aa05ea","block_type":"box","text":"Distribution payable","page_number":191,"box":{"x":55,"y":270,"width":145,"height":11}},{"id":"3d62d79a-f390-4b61-840f-1428b4a2a906","block_type":"box","text":"(2,442,180)","page_number":191,"box":{"x":634,"y":270,"width":85,"height":11}},{"id":"89c0d2f0-a44c-4d69-8123-dfddf95a91e8","block_type":"box","text":"(1,507,178)","page_number":191,"box":{"x":872,"y":270,"width":85,"height":11}},{"id":"f7350989-94ca-49bd-9d53-7b1524a78724","block_type":"box","text":"Other amounts payable","page_number":191,"box":{"x":54,"y":286,"width":174,"height":11}},{"id":"fff3c2a9-a2ff-4708-80d0-48749f88e5ae","block_type":"box","text":"(5,210,","page_number":191,"box":{"x":634,"y":286,"width":50,"height":11}},{"id":"f3e6afd7-fc95-4c5b-99ca-de516f9fde79","block_type":"box","text":"309","page_number":191,"box":{"x":686,"y":286,"width":27,"height":9}},{"id":"2cdf1e71-0c9a-42a7-b3da-1d5c76543388","block_type":"box","text":")","page_number":191,"box":{"x":715,"y":286,"width":4,"height":11}},{"id":"b7352740-40c9-4878-8eb0-baea42f70b37","block_type":"box","text":"(234,270)","page_number":191,"box":{"x":886,"y":286,"width":71,"height":11}},{"id":"ea1f827f-e560-409a-9f8e-1bab4b56af43","block_type":"box","text":"Total liabilities","page_number":191,"box":{"x":42,"y":303,"width":103,"height":9}},{"id":"a2644750-ae23-4d25-a1b9-0ee75817642f","block_type":"box","text":"(7,652,","page_number":191,"box":{"x":634,"y":303,"width":50,"height":11}},{"id":"98a994f0-fc60-4c00-9980-c542fc4df9aa","block_type":"box","text":"489","page_number":191,"box":{"x":686,"y":303,"width":27,"height":9}},{"id":"c5cb13da-3cce-495f-ab40-65a70290b07e","block_type":"box","text":")","page_number":191,"box":{"x":715,"y":303,"width":4,"height":11}},{"id":"c91924e5-3200-4856-9493-17454d97d46c","block_type":"box","text":"(1,741,448)","page_number":191,"box":{"x":872,"y":303,"width":85,"height":11}},{"id":"afeccfb7-b8e2-4e5d-9dae-bb4c7d9373b4","block_type":"box","text":"Net assets attributable to shareholders","page_number":191,"box":{"x":43,"y":320,"width":309,"height":9}},{"id":"b6ec14e9-cbdc-4a6a-812b-33c023ed852a","block_type":"box","text":"271,914,324","page_number":191,"box":{"x":626,"y":318,"width":92,"height":11}},{"id":"80900a28-108f-409c-9454-a9a164a3b90d","block_type":"box","text":"231,936,994","page_number":191,"box":{"x":864,"y":318,"width":92,"height":11}},{"id":"702c304f-00ef-48e2-a974-746a61fac86a","block_type":"box","text":"1","page_number":191,"box":{"x":43,"y":352,"width":2,"height":4}},{"id":"0693aebf-2a87-4c82-babd-e4ebac551e43","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":191,"box":{"x":46,"y":352,"width":910,"height":9}},{"id":"df204271-4414-486a-b51e-d339466b9a90","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":191,"box":{"x":42,"y":363,"width":915,"height":9}},{"id":"d35ec11b-47b8-4537-8502-f5edf5fa9c72","block_type":"box","text":"shareholders.","page_number":191,"box":{"x":42,"y":375,"width":80,"height":7}},{"id":"e5bc3ea8-bd3a-4c7e-bd66-eaefc0fe0b96","block_type":"box","text":"2","page_number":191,"box":{"x":42,"y":386,"width":4,"height":4}},{"id":"550dd9ab-36b1-43db-a2b4-cfd859dfe0f4","block_type":"box","text":"The sub-fund launched on 29 April 2025.","page_number":191,"box":{"x":46,"y":386,"width":241,"height":9}},{"id":"96beedcc-01bf-4f88-b821-99b97741828c","block_type":"box","text":"All items in the balance sheet above are current.","page_number":191,"box":{"x":42,"y":412,"width":358,"height":8}},{"id":"61e43e8d-71e1-4acc-84e2-839859c100a6","block_type":"box","text":"191","page_number":192,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"d78f1ee3-492e-4aa7-bb1a-d08980bb2e47","block_type":"box","text":"SARASIN Balanced Managed","page_number":192,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"4de37aed-0cb1-4f33-9ac1-07505d23c3e1","block_type":"box","text":"Notes to the Financial Statements","page_number":192,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"20c68493-9307-4678-a7e1-308eeef5fafd","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":192,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"a26a9561-d967-41c7-96c2-c18b6234f02a","block_type":"box","text":"1. Accounting Policies","page_number":192,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"f2fc15f1-a72a-493f-ba37-afe640f453d2","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":192,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"a078bb32-b8c8-4d3d-b5a6-dc64643894d8","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":192,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"6c11c289-3afc-40ac-8c68-02cc19b1068b","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":192,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"a7fb7b6e-f17d-49c4-82e7-bb38d2713ee5","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":192,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"ac6db76d-be48-496e-a576-5262d4088c42","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":192,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"4fb5bc2a-acc5-4e83-9306-419757d07630","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":192,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"2b461b53-a819-4145-a93d-f54d8254fa9b","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":192,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"6e3b2b6c-bb65-4eb9-bf76-c2d8c37fdf79","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":192,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"04546d10-ade7-436f-8803-fb33df5a09aa","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":192,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"1d90dacb-2442-485a-96cd-7fbedbb92412","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":192,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"c5b11cd8-1282-4cf6-b756-cabf51f0a34c","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":192,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"bd2ebc51-65a7-463f-92b4-e1769a7fbcbc","block_type":"box","text":"the current period.","page_number":192,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"ba0c5421-cb2c-42ce-8978-9a47c5db6407","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":192,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"1654dee9-0cd5-4bdb-8989-987a1a0435b6","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":192,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"20cf0a51-a0c8-4f13-a792-f647c8dcd0a1","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":192,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"5ae74e58-f838-4070-af6f-69ba10045b45","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":192,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"46e5121d-64f8-4aaf-8f8c-f0081e025670","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":192,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"58083ddd-cdd0-4862-814e-d692adceaae7","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":192,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"195dab04-acaf-4e31-a6f3-bdf68a792be7","block_type":"box","text":"2. Related Parties","page_number":192,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"b6a127c1-d8b8-4a43-ba51-2939ac342f72","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":192,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"ac022cf6-a3ed-4680-9e0a-2940c56a918c","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":192,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"e3668acc-b081-4e38-af96-2afad929ed4b","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":192,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"2afff590-c937-46c6-b512-dcd45c7a4e94","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":192,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"b6ccba13-9697-477c-862d-4f42c6d3b068","block_type":"box","text":"page 189","page_number":192,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"72a056ec-e729-40e0-bc17-79630edfab56","block_type":"box","text":".","page_number":192,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"1f5f62db-ec12-448f-90aa-0e02fef454ae","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £95,154","page_number":192,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"a4e09373-bec4-4dfc-abce-3fefaad8d59e","block_type":"box","text":"(31 December 2025: £84,559).","page_number":192,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"8d5c32ac-9b70-46c8-b3f1-ddfbe999db4e","block_type":"box","text":"At the period end, Sarasin Balanced Managed held the following shares in any other sub-fund or collective investment","page_number":192,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"709ab417-6a08-4efa-a8a3-f3bd954441b2","block_type":"box","text":"scheme managed by associated companies of Sarasin Investment Funds Limited:","page_number":192,"box":{"x":42,"y":587,"width":607,"height":11}},{"id":"259ac7aa-34b5-4a8d-a828-dc783f8ccc1b","block_type":"box","text":"Related party as at 3 July 2026","page_number":192,"box":{"x":43,"y":611,"width":235,"height":11}},{"id":"b9825f24-d6a4-42be-b6d6-5126c82912a9","block_type":"box","text":"Held at","page_number":192,"box":{"x":790,"y":641,"width":43,"height":7}},{"id":"ea8bfdad-c8b9-4dfe-9f77-42446bf63991","block_type":"box","text":"03.07.2026","page_number":192,"box":{"x":761,"y":656,"width":66,"height":7}},{"id":"60f3b1b3-26c2-4891-877f-526ee1f56172","block_type":"box","text":"1","page_number":192,"box":{"x":829,"y":654,"width":3,"height":5}},{"id":"50edb01b-9787-48a6-aa37-e83f9bcf3c37","block_type":"box","text":"Market","page_number":192,"box":{"x":915,"y":637,"width":42,"height":7}},{"id":"91d93bd4-1f87-4a0c-bf91-eb16c031cae9","block_type":"box","text":"Value at","page_number":192,"box":{"x":906,"y":649,"width":51,"height":6}},{"id":"c280eaba-cb57-4d0a-a3c8-28b86b60c019","block_type":"box","text":"03.07.2026","page_number":192,"box":{"x":885,"y":663,"width":66,"height":7}},{"id":"4383c1ab-d861-4319-8371-a5331ac06b90","block_type":"box","text":"1","page_number":192,"box":{"x":953,"y":661,"width":3,"height":5}},{"id":"3d74ddc8-cac5-4262-be2a-42e348c6d9bc","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":192,"box":{"x":43,"y":676,"width":440,"height":11}},{"id":"1557b1b0-2f04-4b11-97ff-f7e7bab426e9","block_type":"box","text":"14,848,161","page_number":192,"box":{"x":751,"y":676,"width":79,"height":10}},{"id":"ff173571-bbda-4831-9cfd-6ff6b7066820","block_type":"box","text":"12,686,269","page_number":192,"box":{"x":875,"y":677,"width":81,"height":10}},{"id":"f53c59e9-bf3a-445e-9c27-5bfaf724574c","block_type":"box","text":"Related party as at 31 December 2025","page_number":192,"box":{"x":43,"y":711,"width":287,"height":11}},{"id":"eef5b334-0cc5-4cbd-8a9e-2aac81191793","block_type":"box","text":"Held at","page_number":192,"box":{"x":790,"y":742,"width":43,"height":7}},{"id":"aa3323d8-31ae-4726-b55f-47eda0505206","block_type":"box","text":"31.12.2025","page_number":192,"box":{"x":767,"y":754,"width":66,"height":7}},{"id":"de0aa874-1743-405b-a772-51c082e20a68","block_type":"box","text":"Bid Market","page_number":192,"box":{"x":889,"y":738,"width":68,"height":7}},{"id":"1cd39913-00f8-4f34-ad49-70fc4ace1389","block_type":"box","text":"Value at","page_number":192,"box":{"x":906,"y":749,"width":51,"height":7}},{"id":"66d52f47-ced6-4697-8afa-cc8abe4e7488","block_type":"box","text":"31.12.2025","page_number":192,"box":{"x":890,"y":761,"width":67,"height":7}},{"id":"7311142b-7273-493f-851b-8c4e6488968d","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":192,"box":{"x":43,"y":774,"width":440,"height":11}},{"id":"3f0a886c-44c1-4718-a6fb-6c433fc1b3e8","block_type":"box","text":"14,635,628","page_number":192,"box":{"x":751,"y":774,"width":82,"height":10}},{"id":"28324e42-6c87-4e4d-aa55-62b2ffdf4cc1","block_type":"box","text":"12,678,845","page_number":192,"box":{"x":875,"y":775,"width":81,"height":10}},{"id":"6358aa8e-95d1-421a-a0e1-11b1cd211418","block_type":"box","text":"1","page_number":192,"box":{"x":43,"y":804,"width":2,"height":4}},{"id":"d86859f2-fc53-41e8-9879-259c61153a60","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":192,"box":{"x":46,"y":804,"width":910,"height":9}},{"id":"0b3bcbfc-015a-4cdb-ac62-8946f16135f6","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":192,"box":{"x":42,"y":816,"width":915,"height":9}},{"id":"5e36899f-df5a-42cb-91ea-5e683003d478","block_type":"box","text":"shareholders.","page_number":192,"box":{"x":42,"y":827,"width":80,"height":7}},{"id":"3782fe60-acee-4c44-8875-d08854384d63","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 25.91% of the sub-fund on behalf of multiple beneficiaries","page_number":192,"box":{"x":42,"y":860,"width":920,"height":11}},{"id":"4ae5370d-de83-46fe-b01d-765adab981ec","block_type":"box","text":"(31 December 2025: Nil).","page_number":192,"box":{"x":43,"y":873,"width":185,"height":11}},{"id":"09749c98-cfb0-4c83-b9dc-fd5d171cbdac","block_type":"box","text":"192","page_number":193,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"16d47ff3-0060-4bab-b759-80c0d562837d","block_type":"box","text":"SARASIN Balanced Managed","page_number":193,"box":{"x":43,"y":34,"width":279,"height":13}},{"id":"889f9f8b-53fc-4c29-8a64-034c8a6a8943","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":193,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"69c1a024-ac6f-4998-85e8-6ca46285ba43","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":193,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"bd193689-8df2-4a84-aad3-43150e6b77bc","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":193,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"e3e0403f-1607-42e9-a2d4-8254c9763208","block_type":"box","text":"their fair value.","page_number":193,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"f53ec239-fc40-45a5-b283-1eff4d817bec","block_type":"box","text":"Valuation technique as at","page_number":193,"box":{"x":44,"y":171,"width":161,"height":9}},{"id":"f5c424cf-69ff-4aee-9f2d-518aa2a3e8f0","block_type":"box","text":"3 July 2026","page_number":193,"box":{"x":210,"y":171,"width":70,"height":9}},{"id":"9d50032f-5b1e-42c3-9d81-c825ec3949b0","block_type":"box","text":"1","page_number":193,"box":{"x":282,"y":169,"width":3,"height":5}},{"id":"60cdc809-201c-413e-a132-56cd8c6b7dfc","block_type":"box","text":"Financial Assets","page_number":193,"box":{"x":45,"y":197,"width":104,"height":7}},{"id":"8daa4321-c201-415f-99f4-ad575644ab34","block_type":"box","text":"Level 1","page_number":193,"box":{"x":563,"y":186,"width":42,"height":7}},{"id":"d9b43ef8-0d0d-4700-8cde-47a6126e8814","block_type":"box","text":"£","page_number":193,"box":{"x":600,"y":197,"width":7,"height":7}},{"id":"bf1ff751-eca2-44f5-b014-5db898fad9d7","block_type":"box","text":"Level 2","page_number":193,"box":{"x":679,"y":186,"width":44,"height":7}},{"id":"d0db8481-92c3-44a3-bd5d-ef9beda608d0","block_type":"box","text":"£","page_number":193,"box":{"x":717,"y":197,"width":7,"height":7}},{"id":"709ddea9-7e53-4bb2-bb63-ecac8ea7345e","block_type":"box","text":"Level 3","page_number":193,"box":{"x":796,"y":186,"width":44,"height":7}},{"id":"75c0ce20-5ad7-4d01-bea2-67da306539c5","block_type":"box","text":"£","page_number":193,"box":{"x":833,"y":197,"width":7,"height":7}},{"id":"72ae8e7e-9316-4f11-b3e0-0b005dbba733","block_type":"box","text":"Total","page_number":193,"box":{"x":926,"y":186,"width":30,"height":7}},{"id":"aecb7768-445c-421b-87f9-1713cc25930d","block_type":"box","text":"£","page_number":193,"box":{"x":950,"y":197,"width":7,"height":7}},{"id":"c5d50361-6fe5-49f7-b9bb-f172c675cf16","block_type":"box","text":"Collective Investment Schemes","page_number":193,"box":{"x":45,"y":215,"width":233,"height":9}},{"id":"e8ac0ed0-1726-44f5-acb6-e99139a44f18","block_type":"box","text":"158,868,340","page_number":193,"box":{"x":516,"y":215,"width":90,"height":11}},{"id":"de7e9d16-cd4f-43ab-b4d8-8c98cefabd96","block_type":"box","text":"43,042,185","page_number":193,"box":{"x":640,"y":215,"width":83,"height":11}},{"id":"29100a5d-9c13-43f9-845b-e45536bd5860","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":220,"width":10,"height":1}},{"id":"69f349c1-7684-4a4a-aaf1-f4bcc8653d76","block_type":"box","text":"201,910,525","page_number":193,"box":{"x":864,"y":215,"width":92,"height":11}},{"id":"4b032e14-a068-4586-98ef-f6550e957666","block_type":"box","text":"Debt Securities","page_number":193,"box":{"x":45,"y":231,"width":112,"height":8}},{"id":"a6ed5abc-7128-48c4-bb15-09e96072aaa0","block_type":"box","text":"28,999,256","page_number":193,"box":{"x":524,"y":231,"width":82,"height":10}},{"id":"5cb3d3bc-0a11-446a-8c6e-2665d9c7830d","block_type":"box","text":"–","page_number":193,"box":{"x":715,"y":236,"width":9,"height":1}},{"id":"b6c55aa3-7cf9-44cf-b071-881c19de476d","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":236,"width":10,"height":1}},{"id":"ec042e4e-96c2-448e-8075-6ac8d49b4a61","block_type":"box","text":"28,999,256","page_number":193,"box":{"x":874,"y":231,"width":82,"height":10}},{"id":"0c32cda7-64ca-46c5-b610-31aebb2889f4","block_type":"box","text":"Equities","page_number":193,"box":{"x":45,"y":246,"width":58,"height":11}},{"id":"e04ff88e-387c-47b6-8805-c4a84e50ae0d","block_type":"box","text":"30,379,491","page_number":193,"box":{"x":524,"y":246,"width":80,"height":10}},{"id":"16cc746f-d276-4cde-a9a0-3ffaba0fbb3c","block_type":"box","text":"–","page_number":193,"box":{"x":715,"y":251,"width":9,"height":1}},{"id":"406b744e-f9c1-4fb6-b237-c560738de023","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":251,"width":10,"height":1}},{"id":"680f07ab-8e68-4a6b-85ef-88efc74782c5","block_type":"box","text":"30,379,491","page_number":193,"box":{"x":874,"y":246,"width":80,"height":10}},{"id":"2d020c93-b367-4011-8c64-d5dd0f208069","block_type":"box","text":"Options","page_number":193,"box":{"x":45,"y":261,"width":56,"height":11}},{"id":"2ae463b8-2975-4cb7-bdce-01cb5e0aecda","block_type":"box","text":"250,825","page_number":193,"box":{"x":547,"y":261,"width":60,"height":11}},{"id":"d9e38703-5148-47fd-9cdf-dd1b90945d68","block_type":"box","text":"–","page_number":193,"box":{"x":715,"y":266,"width":9,"height":1}},{"id":"7f3a424c-31cf-4680-abc9-eba70a648e1a","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":266,"width":10,"height":1}},{"id":"b9dbffb3-108b-445b-81df-c3726dc6fae9","block_type":"box","text":"250,825","page_number":193,"box":{"x":897,"y":261,"width":59,"height":11}},{"id":"c09c171d-d996-482c-b731-6b5186ab6286","block_type":"box","text":"218,497,912","page_number":193,"box":{"x":514,"y":277,"width":92,"height":11}},{"id":"fb50844a-6377-4e71-9259-6c1058cd48aa","block_type":"box","text":"43,042,185","page_number":193,"box":{"x":640,"y":277,"width":83,"height":11}},{"id":"d471aa8b-deea-48e2-95e6-a4faf93b8791","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":282,"width":10,"height":1}},{"id":"40c17b75-4908-4554-8e14-0cceea75753d","block_type":"box","text":"261,540,097","page_number":193,"box":{"x":864,"y":277,"width":92,"height":11}},{"id":"eda84b24-9f1f-4551-9d7a-961c6bd6dee0","block_type":"box","text":"Valuation technique as at","page_number":193,"box":{"x":44,"y":309,"width":161,"height":8}},{"id":"7956eb3c-a4c9-48a9-a52d-d7f21cd6cd2b","block_type":"box","text":"31 December 2025","page_number":193,"box":{"x":210,"y":309,"width":116,"height":7}},{"id":"6dcc48cd-2322-41de-908d-35cf6002efc7","block_type":"box","text":"Financial Assets","page_number":193,"box":{"x":45,"y":334,"width":104,"height":7}},{"id":"10b57db2-07ea-450d-8bbd-3fe01eb24fef","block_type":"box","text":"Level 1","page_number":193,"box":{"x":563,"y":323,"width":42,"height":7}},{"id":"67a054a8-3f78-44bd-b796-fef7298d98db","block_type":"box","text":"£","page_number":193,"box":{"x":600,"y":334,"width":7,"height":7}},{"id":"975978a4-6464-4ddd-973f-f22b52ec3cbd","block_type":"box","text":"Level 2","page_number":193,"box":{"x":679,"y":323,"width":44,"height":7}},{"id":"d1d99624-e2d7-42de-935a-79d0119fce55","block_type":"box","text":"£","page_number":193,"box":{"x":716,"y":334,"width":8,"height":7}},{"id":"f7a9952f-45f3-4cb6-bcf1-e0b19e6da7bc","block_type":"box","text":"Level 3","page_number":193,"box":{"x":796,"y":323,"width":44,"height":7}},{"id":"fbf3c1b6-f1f4-47fc-838c-21a7b37081de","block_type":"box","text":"£","page_number":193,"box":{"x":833,"y":334,"width":7,"height":7}},{"id":"d9cd0e7e-c23c-4081-86a8-440b0731e8b5","block_type":"box","text":"Total","page_number":193,"box":{"x":926,"y":323,"width":30,"height":7}},{"id":"746eab88-76ea-4651-9f63-6ac3817166a1","block_type":"box","text":"£","page_number":193,"box":{"x":950,"y":334,"width":7,"height":7}},{"id":"596098d0-0fc7-42db-9292-44242378e04f","block_type":"box","text":"Collective Investment Schemes","page_number":193,"box":{"x":45,"y":352,"width":233,"height":9}},{"id":"1349baa8-401e-4fde-bb77-2fc27bc776b6","block_type":"box","text":"143,513,934","page_number":193,"box":{"x":516,"y":352,"width":90,"height":11}},{"id":"a97bf13d-f79f-4424-87ee-61af696caa2c","block_type":"box","text":"35,954,762","page_number":193,"box":{"x":640,"y":352,"width":83,"height":11}},{"id":"7ba552fa-3651-4dbc-991c-8579162b4395","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":358,"width":9,"height":0}},{"id":"6a9ccc8b-c708-4753-b43b-7225d8284d0c","block_type":"box","text":"179,468,696","page_number":193,"box":{"x":866,"y":352,"width":90,"height":11}},{"id":"cba8b7d7-2335-44db-a542-809d77a2a241","block_type":"box","text":"Debt Securities","page_number":193,"box":{"x":45,"y":368,"width":112,"height":9}},{"id":"1ba968da-d0f6-4eca-8cd6-2167729f1b74","block_type":"box","text":"19,422,196","page_number":193,"box":{"x":525,"y":368,"width":81,"height":10}},{"id":"95127865-7b6c-4931-bf67-f821d2afadae","block_type":"box","text":"–","page_number":193,"box":{"x":714,"y":373,"width":10,"height":1}},{"id":"9920b0ef-cf0f-49b0-bb36-9273e801aa64","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":373,"width":9,"height":1}},{"id":"88f6a5f5-d2eb-4adf-8af3-e0330e47219b","block_type":"box","text":"19,422,196","page_number":193,"box":{"x":875,"y":368,"width":81,"height":10}},{"id":"e34bb4fe-947b-4dd8-abfc-fee85a427f4d","block_type":"box","text":"Equities","page_number":193,"box":{"x":45,"y":383,"width":58,"height":11}},{"id":"ab076a32-714f-4635-9592-0a8d50d46965","block_type":"box","text":"28,900,183","page_number":193,"box":{"x":524,"y":383,"width":82,"height":10}},{"id":"14ed80be-7e6b-4c51-bef1-1f1fbec58b1d","block_type":"box","text":"–","page_number":193,"box":{"x":714,"y":388,"width":10,"height":1}},{"id":"d85b9b73-1c1e-44b1-a6aa-bb2e326d46ca","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":388,"width":9,"height":1}},{"id":"5e46df71-0534-431c-b6b0-39f809d6916d","block_type":"box","text":"28,900,183","page_number":193,"box":{"x":874,"y":383,"width":82,"height":10}},{"id":"f142e75d-6817-45b6-a89e-044ba3cf760c","block_type":"box","text":"191,836,313","page_number":193,"box":{"x":516,"y":399,"width":90,"height":11}},{"id":"2aef2e1e-7fee-4057-abda-10ec059b6964","block_type":"box","text":"35,954,762","page_number":193,"box":{"x":640,"y":399,"width":83,"height":11}},{"id":"491ae47a-8db2-47a8-a39d-890b5fabab7a","block_type":"box","text":"–","page_number":193,"box":{"x":831,"y":404,"width":9,"height":1}},{"id":"7d1a0aa7-8e54-43c7-9394-895990e9f295","block_type":"box","text":"227,791,075","page_number":193,"box":{"x":864,"y":399,"width":92,"height":11}},{"id":"3b6d164f-aedd-478c-beac-52aa86999d11","block_type":"box","text":"1","page_number":193,"box":{"x":43,"y":442,"width":2,"height":4}},{"id":"05727b2c-efe6-4415-b4ae-a5849db968fa","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":193,"box":{"x":46,"y":442,"width":910,"height":9}},{"id":"0e01d335-4993-424d-a78a-18afc6fa0382","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":193,"box":{"x":42,"y":454,"width":915,"height":9}},{"id":"6b1321b7-3fb2-4931-a5b5-64617f961b2c","block_type":"box","text":"shareholders.","page_number":193,"box":{"x":42,"y":465,"width":80,"height":7}},{"id":"5087d071-fcc0-49c5-b96d-2bbde9187197","block_type":"box","text":"Level 1","page_number":193,"box":{"x":43,"y":497,"width":53,"height":9}},{"id":"6b1abb22-e8d9-47d3-9128-218be15fcc27","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":193,"box":{"x":42,"y":510,"width":920,"height":11}},{"id":"150528a0-e492-4d2e-95fb-2f8cc9449d41","block_type":"box","text":"date.","page_number":193,"box":{"x":42,"y":523,"width":36,"height":9}},{"id":"25cd0f36-7f28-4e9c-ba35-2f7b6db9cf78","block_type":"box","text":"Level 2","page_number":193,"box":{"x":43,"y":548,"width":55,"height":9}},{"id":"6fa1a40c-c8f9-4da1-9e9f-910d83e7afac","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":193,"box":{"x":42,"y":561,"width":894,"height":11}},{"id":"e7c19f8b-68d4-42f7-9b20-6b22c287be25","block_type":"box","text":"Level 3","page_number":193,"box":{"x":43,"y":586,"width":55,"height":9}},{"id":"d4e87176-ce91-4f30-99a1-4bfb9865ef9a","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":193,"box":{"x":42,"y":599,"width":678,"height":11}},{"id":"c71c4aef-7488-4ea4-ac1b-06af80c894c1","block_type":"box","text":"193","page_number":194,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"f3e9c4a5-f738-4204-8e73-10994aab0e22","block_type":"box","text":"SARASIN Cautious Managed","page_number":194,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"ad99ee9c-5461-4ed1-9683-f67f575b9573","block_type":"box","text":"Investment Objective and Policy","page_number":194,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"f9d0120a-4aa5-48f7-ad69-329bb650c9cd","block_type":"box","text":"Investment Objective","page_number":194,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"d55b428a-d674-47b5-8bc4-8dd21dba079e","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":194,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"e51a3daa-7ff2-43c7-9c72-ce92153fd8dd","block_type":"box","text":"investment value and income) by 2% per year more than","page_number":194,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"d8b2e05c-8265-4daf-ab60-a34001a08c1c","block_type":"box","text":"the Consumer Price Index (CPI) over a rolling 5-year period,","page_number":194,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"cc8f0749-1858-405f-a110-c701db66c6ec","block_type":"box","text":"after deducting fees and costs, by investing in a diversified","page_number":194,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"493a4fc3-21b8-463c-b889-0a9eef4deb54","block_type":"box","text":"range of different asset classes including (but not limited to)","page_number":194,"box":{"x":43,"y":166,"width":449,"height":12}},{"id":"ef6eeb4b-4942-4318-95d4-f787e3fa19a9","block_type":"box","text":"shares and bonds.","page_number":194,"box":{"x":42,"y":181,"width":137,"height":9}},{"id":"8431fe4b-7b40-4865-8bd6-0b89e309aaef","block_type":"box","text":"This target is not guaranteed over any period of time and the","page_number":194,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"11243963-6d00-45e9-ac33-8a863f2081d3","block_type":"box","text":"sub-fund could lose value.","page_number":194,"box":{"x":42,"y":220,"width":193,"height":9}},{"id":"61570f57-6463-459e-8765-93d685f3a8a4","block_type":"box","text":"Investment Policy","page_number":194,"box":{"x":43,"y":245,"width":141,"height":11}},{"id":"cc2603e1-f29f-4ce6-aea0-7ae0d8e2e97f","block_type":"box","text":"Investments","page_number":194,"box":{"x":43,"y":259,"width":89,"height":9}},{"id":"e241c897-474b-4a48-80c6-cc1e1e6f516f","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":194,"box":{"x":42,"y":284,"width":450,"height":9}},{"id":"7ea18bf8-4526-4e73-9748-cad5c6901f5c","block_type":"box","text":"collective investment schemes (including exchange traded","page_number":194,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"212edb1e-a5e3-42b2-912d-859625990504","block_type":"box","text":"funds, active funds and index trackers). Up to a maximum","page_number":194,"box":{"x":42,"y":313,"width":450,"height":11}},{"id":"14822620-56cf-44ab-9bad-cf8938b21ff7","block_type":"box","text":"of 50% of the sub-fund may be invested in funds managed","page_number":194,"box":{"x":42,"y":327,"width":450,"height":11}},{"id":"6dd5edd7-024d-4075-b340-51a047939960","block_type":"box","text":"or operated by Sarasin or its associates. Through these","page_number":194,"box":{"x":42,"y":341,"width":450,"height":11}},{"id":"06ff1105-a43f-4ac1-ad65-2ffd7cf097f1","block_type":"box","text":"investments, the sub-fund will indirectly be exposed to a","page_number":194,"box":{"x":43,"y":355,"width":449,"height":12}},{"id":"84055b4a-1bca-4ba9-b2b4-41d4b2e3fb9d","block_type":"box","text":"range of diversified asset classes including (but not limited","page_number":194,"box":{"x":43,"y":370,"width":449,"height":11}},{"id":"2f9d9bf4-0381-4936-8f4b-e8348670fef9","block_type":"box","text":"to) shares, bonds alternative investments and cash. The","page_number":194,"box":{"x":42,"y":384,"width":450,"height":11}},{"id":"7124baec-ad97-49b0-be81-3d5b84c16e4e","block_type":"box","text":"sub-fund may invest up to a maximum of 50% in these asset","page_number":194,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"60e270de-bf61-4bee-9a78-ad5ec1113d65","block_type":"box","text":"classes directly.","page_number":194,"box":{"x":42,"y":412,"width":116,"height":12}},{"id":"d55db35b-144e-42fb-b402-dd4547d917a6","block_type":"box","text":"Investment Selection","page_number":194,"box":{"x":43,"y":437,"width":154,"height":9}},{"id":"e3674459-4142-43f6-9d48-e8e86b2c9165","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":194,"box":{"x":42,"y":462,"width":450,"height":11}},{"id":"7b116d43-23b5-4e91-ad57-79934fc25641","block_type":"box","text":"which offers funds with different expected combinations","page_number":194,"box":{"x":42,"y":476,"width":450,"height":12}},{"id":"f4afb9a7-0956-45a7-90f6-037eb3ffd612","block_type":"box","text":"of investment risk and return. The sub-fund takes a","page_number":194,"box":{"x":42,"y":491,"width":450,"height":9}},{"id":"c2d2e4c4-89d9-4a54-bfc5-fa1330f01edf","block_type":"box","text":"strategic approach to asset allocation, which means it sets","page_number":194,"box":{"x":42,"y":505,"width":450,"height":11}},{"id":"47bec5a3-db0b-4dc4-91c1-3498fac1578a","block_type":"box","text":"long-term targets for how much to allocate to different asset","page_number":194,"box":{"x":43,"y":519,"width":449,"height":11}},{"id":"0f9f69c0-f59a-47e4-9ff8-3de9667076b1","block_type":"box","text":"classes. The sub-fund takes a cautious approach and will","page_number":194,"box":{"x":42,"y":533,"width":450,"height":12}},{"id":"87d49134-9534-4c6a-b3f5-82ab5e0e8a0f","block_type":"box","text":"have a higher strategic weighting to bonds and cash, which","page_number":194,"box":{"x":43,"y":548,"width":449,"height":11}},{"id":"48c89f93-d186-4a9c-8637-e84266bb3280","block_type":"box","text":"typically have lower risk, with a lower strategic weighting to","page_number":194,"box":{"x":42,"y":562,"width":450,"height":11}},{"id":"3c80d2d8-5aec-4ce4-a7a4-96dc6ffcd291","block_type":"box","text":"investments that have the potential for greater returns but","page_number":194,"box":{"x":43,"y":576,"width":449,"height":12}},{"id":"991b00d9-04e9-423b-9cb8-814312fd9085","block_type":"box","text":"come with a higher risk of losing capital, principally shares.","page_number":194,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"3893ba54-96b1-4d48-85bb-c7f7b45434eb","block_type":"box","text":"The sub-fund therefore aims to achieve a low to moderate","page_number":194,"box":{"x":42,"y":605,"width":450,"height":9}},{"id":"352fb268-73ed-4853-8652-c7c592e7abde","block_type":"box","text":"level of risk and return.","page_number":194,"box":{"x":43,"y":619,"width":167,"height":9}},{"id":"72677446-b095-40c1-b88b-c41f69d137d1","block_type":"box","text":"Exposure will be achieved both directly and indirectly in","page_number":194,"box":{"x":43,"y":644,"width":449,"height":11}},{"id":"531491c2-4a46-45d7-996d-e8c9ba6e1da6","block_type":"box","text":"respect of bonds, shares and alternative investments.","page_number":194,"box":{"x":43,"y":658,"width":395,"height":11}},{"id":"e9bbfc34-5447-484d-a810-e06dcc7bc597","block_type":"box","text":"Between 30-70%, but typically 50%, of the sub-fund will","page_number":194,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"7e86657e-183d-4477-b421-d1b5251a517b","block_type":"box","text":"be exposed to bonds, which are loans typically issued by","page_number":194,"box":{"x":43,"y":698,"width":444,"height":11}},{"id":"2676242a-18ca-4bce-b479-236520494fb8","block_type":"box","text":"companies, institutions and governments. This may include","page_number":194,"box":{"x":42,"y":712,"width":445,"height":11}},{"id":"d92897d9-1988-481e-b624-2d708a0d4d68","block_type":"box","text":"investment grade bonds, where the issuer has a higher","page_number":194,"box":{"x":43,"y":726,"width":445,"height":11}},{"id":"6a7a1bbf-4f1f-4e2b-8c73-b12beb4a6911","block_type":"box","text":"capacity to repay the debt, as well as sub-investment grade","page_number":194,"box":{"x":42,"y":740,"width":445,"height":11}},{"id":"bac78d75-9199-43c2-8366-e5fb96b496f2","block_type":"box","text":"bonds, which can be more vulnerable to changing market","page_number":194,"box":{"x":43,"y":755,"width":444,"height":11}},{"id":"87e2c4ae-d30b-45ca-806b-8d012063bfa7","block_type":"box","text":"conditions but typically pay a higher rate of interest.","page_number":194,"box":{"x":42,"y":769,"width":380,"height":11}},{"id":"513c821a-fd16-465c-b0c6-a3e5af4b7ae8","block_type":"box","text":"Between 20-60%, but typically 40%, of the sub-fund will be","page_number":194,"box":{"x":43,"y":794,"width":444,"height":11}},{"id":"dac96469-9f9e-4da7-8aba-cd659c6bc4b2","block_type":"box","text":"exposed to shares in companies from across the world.","page_number":194,"box":{"x":42,"y":808,"width":409,"height":11}},{"id":"3c6e5e63-44e7-4b6f-8e5b-c52535b906c7","block_type":"box","text":"Between 0-45%, but typically 10%, of the sub-fund will be","page_number":194,"box":{"x":43,"y":833,"width":444,"height":11}},{"id":"16186a77-c528-46bb-9980-1fa1a101e1e8","block_type":"box","text":"exposed to cash and alternative investments which include,","page_number":194,"box":{"x":42,"y":847,"width":450,"height":11}},{"id":"42474814-4eb3-4931-a78d-db18b5976048","block_type":"box","text":"but are not limited to, infrastructure, commodities and (up","page_number":194,"box":{"x":43,"y":861,"width":449,"height":12}},{"id":"1fb60668-d16e-4dbb-b2f1-287b9577fcf5","block_type":"box","text":"to a max. 10%) private equity/venture capital which may be","page_number":194,"box":{"x":42,"y":876,"width":450,"height":11}},{"id":"189a2917-60f8-42d6-876e-c13e50327fcf","block_type":"box","text":"accessed through listed investment trusts and open-ended","page_number":194,"box":{"x":42,"y":890,"width":450,"height":11}},{"id":"6623e5f4-8e20-42a8-b59e-b9c6a671b015","block_type":"box","text":"funds or other financial instruments.","page_number":194,"box":{"x":42,"y":904,"width":264,"height":9}},{"id":"30454cbc-a20d-43f4-8952-a7a36ad088a8","block_type":"box","text":"Through investing in other funds, the sub-fund may also be","page_number":194,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"9bb3b57b-0096-4567-a5ab-69488e51ceff","block_type":"box","text":"exposed to other asset classes such as property, money","page_number":194,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"597400d0-a91a-4e69-880d-5b91f4ba6dda","block_type":"box","text":"market instruments, which are shorter term loans, and other","page_number":194,"box":{"x":513,"y":108,"width":449,"height":10}},{"id":"1ebddd88-ca51-484d-9815-c68235da8ee7","block_type":"box","text":"permitted investments.","page_number":194,"box":{"x":513,"y":122,"width":166,"height":11}},{"id":"46e35cb1-51fb-418a-8eee-ee06a4eb104f","block_type":"box","text":"The sub-fund is actively managed, which means the","page_number":194,"box":{"x":512,"y":147,"width":450,"height":11}},{"id":"d1a35c6f-ab0c-4db8-b0f4-199511662953","block_type":"box","text":"Investment Manager decides which investments to buy or","page_number":194,"box":{"x":513,"y":161,"width":449,"height":11}},{"id":"6c930dd1-4327-489d-a180-f5eb04bc6946","block_type":"box","text":"sell and when, albeit some of these investments may be","page_number":194,"box":{"x":512,"y":175,"width":450,"height":12}},{"id":"fb0d341e-c293-4a91-a73e-5320ea4a4295","block_type":"box","text":"passively managed i.e. typically tracking an index.","page_number":194,"box":{"x":513,"y":190,"width":369,"height":11}},{"id":"9a9bc9d1-0ee6-455f-beaf-19259e1d662a","block_type":"box","text":"Additional Techniques","page_number":194,"box":{"x":511,"y":215,"width":164,"height":11}},{"id":"7961271a-fba1-4fe8-b790-5113af6a7d35","block_type":"box","text":"We may only use derivatives (financial contracts whose","page_number":194,"box":{"x":512,"y":239,"width":450,"height":12}},{"id":"ffbd8612-ebb3-4d28-ab5c-c0cdf9d09d51","block_type":"box","text":"value is linked to the price of another asset e.g. indices,","page_number":194,"box":{"x":512,"y":254,"width":450,"height":11}},{"id":"b29a177c-7b6b-426d-929c-8c19dfd4e6e4","block_type":"box","text":"rates, share prices, currencies) to maintain the sub-fund’s","page_number":194,"box":{"x":513,"y":268,"width":449,"height":11}},{"id":"8abae5ec-7ea2-41a4-bfb8-0d014ca37847","block_type":"box","text":"value, manage investment risk and to gain cost-effective","page_number":194,"box":{"x":512,"y":282,"width":450,"height":12}},{"id":"b4555a2e-f996-483c-857a-e19dbc7a5488","block_type":"box","text":"access to investments. Funds purchased may also have the","page_number":194,"box":{"x":512,"y":297,"width":450,"height":11}},{"id":"0c2c06fc-fe29-4df5-bdb1-d3589a114383","block_type":"box","text":"ability to use derivatives to varying degrees.","page_number":194,"box":{"x":512,"y":311,"width":324,"height":11}},{"id":"c0d4dbff-5ec6-4ea4-b213-e2182a209ac0","block_type":"box","text":"Benchmark information","page_number":194,"box":{"x":513,"y":336,"width":186,"height":9}},{"id":"da30ea6e-efa8-4d33-826c-55f5e9324e5b","block_type":"box","text":"The sub-fund’s performance can be assessed by reference","page_number":194,"box":{"x":512,"y":350,"width":450,"height":11}},{"id":"e0fc2588-642e-4735-98c6-465c917a9b40","block_type":"box","text":"to the Consumer Price Index (CPI) +2%, which is a measure","page_number":194,"box":{"x":512,"y":364,"width":450,"height":11}},{"id":"515f8840-f4f2-4c60-9f54-a368844162b3","block_type":"box","text":"of inflation as expressed in the Investment Objective. It is","page_number":194,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"8b9a9578-00c2-445e-850c-24082a08b2d7","block_type":"box","text":"widely used, independently calculated, readily available","page_number":194,"box":{"x":512,"y":393,"width":450,"height":11}},{"id":"e6132df4-48a0-4044-8124-43edf653b085","block_type":"box","text":"and representative of the long-term return target based on","page_number":194,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"b94f2e02-47bc-4d1b-9fc6-56991323f6c5","block_type":"box","text":"the sub-fund’s typical strategic weighting to different asset","page_number":194,"box":{"x":512,"y":421,"width":450,"height":12}},{"id":"a86b6370-a535-4f8d-bf2b-82e9dafbaa44","block_type":"box","text":"classes described above.","page_number":194,"box":{"x":512,"y":436,"width":187,"height":8}},{"id":"261ed4dc-7227-4215-b29a-1a4c82e62e7a","block_type":"box","text":"Investors may also compare the sub-fund’s performance","page_number":194,"box":{"x":513,"y":460,"width":449,"height":12}},{"id":"e7aca097-a584-4d5d-82c6-7887bf2a2854","block_type":"box","text":"to the Investment Association (IA) Mixed Investment","page_number":194,"box":{"x":512,"y":475,"width":450,"height":11}},{"id":"c8c14afd-3f7f-4805-9c63-da7ce9aeaf26","block_type":"box","text":"20%-60% Shares sector. Many funds sold in the UK are","page_number":194,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"89c55cb5-0e6c-40c3-8fc5-02042073dc4e","block_type":"box","text":"grouped into sectors by the Investment Association (the","page_number":194,"box":{"x":512,"y":503,"width":450,"height":12}},{"id":"97ac8c60-a34d-4af1-b530-c926d1c6498b","block_type":"box","text":"trade body that represents UK investment managers),","page_number":194,"box":{"x":512,"y":517,"width":450,"height":12}},{"id":"9163c3ca-fb59-48e1-8e5e-de845149d2af","block_type":"box","text":"to help investors to compare funds with broadly similar","page_number":194,"box":{"x":512,"y":532,"width":450,"height":11}},{"id":"13720f93-a3ce-4ceb-b03e-5612dc9107d7","block_type":"box","text":"characteristics. This sub-fund is classified in the IA Mixed","page_number":194,"box":{"x":512,"y":546,"width":450,"height":9}},{"id":"9527b741-5c68-4085-86c4-24ba4a9d4a31","block_type":"box","text":"Investment 20%-60% Shares Sector and assessing the sub","page_number":194,"box":{"x":513,"y":560,"width":444,"height":12}},{"id":"c5b316b8-3507-45e6-99d8-8ccbcefb9140","block_type":"box","text":"fund’s performance against this sector will allow investors to","page_number":194,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"69d8d9f0-62d6-4e88-94ee-33e813e9b907","block_type":"box","text":"compare how the sub-fund is performing relative to its peers.","page_number":194,"box":{"x":512,"y":589,"width":444,"height":11}},{"id":"7002772a-0be8-4168-9cfc-0ce68e889965","block_type":"box","text":"194","page_number":195,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"6d1c36f9-e15b-47aa-b72a-5b2c73abd185","block_type":"box","text":"195","page_number":195,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"e9a6a52a-e34b-4e2d-8250-962c317833d6","block_type":"box","text":"SARASIN Cautious Managed","page_number":195,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"952b421d-281e-4f5d-9143-41d0dc7b0d66","block_type":"box","text":"Sensitivity Analysis","page_number":195,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"2f6f60c7-eabf-49de-bab0-28dadf9296ff","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":195,"box":{"x":42,"y":93,"width":450,"height":9}},{"id":"41b30ffc-d9bb-4791-9732-1327d2e1c0ca","block_type":"box","text":"collective investment schemes. Up to a maximum of 50%","page_number":195,"box":{"x":42,"y":108,"width":450,"height":11}},{"id":"5cb1750c-da7c-4276-9e7b-42d33cb2e515","block_type":"box","text":"may be invested in funds managed or operated by Sarasin or","page_number":195,"box":{"x":43,"y":122,"width":449,"height":11}},{"id":"4dbdeae0-e3a8-4faf-a76f-4037cb74ab10","block_type":"box","text":"its associates. Through these investments, the sub-fund will","page_number":195,"box":{"x":43,"y":136,"width":449,"height":11}},{"id":"970adfe2-eeea-4fc3-b187-ec4d70b15ba3","block_type":"box","text":"indirectly be exposed to a range of diversified asset classes","page_number":195,"box":{"x":43,"y":150,"width":449,"height":12}},{"id":"8edc0956-98ca-4b93-9d48-129e2ef1803c","block_type":"box","text":"including equities, bonds, alternative investments and cash.","page_number":195,"box":{"x":43,"y":165,"width":449,"height":11}},{"id":"ed7e0000-6752-4123-8b46-cdd46232d947","block_type":"box","text":"The sub-fund may invest up to a maximum of 50% in these","page_number":195,"box":{"x":42,"y":179,"width":450,"height":11}},{"id":"e63d64f9-35a8-4b79-b2c2-34fe4e1aa9a3","block_type":"box","text":"asset classes directly.","page_number":195,"box":{"x":42,"y":193,"width":160,"height":11}},{"id":"2586f636-e8c3-4424-96a9-4402d7f381f8","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":195,"box":{"x":42,"y":218,"width":450,"height":11}},{"id":"ddd67bac-b0ac-4c11-8720-e73897481204","block_type":"box","text":"which offers funds with different expected combinations of","page_number":195,"box":{"x":42,"y":232,"width":450,"height":11}},{"id":"73afecb0-591a-414a-9c1b-b1b1644293fa","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":195,"box":{"x":43,"y":247,"width":449,"height":11}},{"id":"c07b61dd-c62c-41e3-8c2a-ccab303411b5","block_type":"box","text":"approach to asset allocation which means it sets long term","page_number":195,"box":{"x":42,"y":261,"width":450,"height":11}},{"id":"5a583c0d-6945-4762-b795-86e88bccb41e","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":195,"box":{"x":42,"y":275,"width":450,"height":11}},{"id":"07ce1b8e-3d4c-40e2-bda4-ace1eb69911b","block_type":"box","text":"The sub-fund aims to achieve a low to moderate level of","page_number":195,"box":{"x":42,"y":289,"width":450,"height":9}},{"id":"8b9ce84b-a66e-4950-8a40-f1be07aa3e59","block_type":"box","text":"risk and return. Between 30-70%, but typically 50%, of the","page_number":195,"box":{"x":43,"y":304,"width":449,"height":11}},{"id":"2bb73ce6-3be1-4a08-8517-646226949f8b","block_type":"box","text":"sub-fund will be exposed to bonds. Between 20-60%, but","page_number":195,"box":{"x":42,"y":318,"width":450,"height":11}},{"id":"76c2d829-749e-4e36-b8c8-c901660adf5c","block_type":"box","text":"typically 40%, of the sub-fund will be exposed to equities.","page_number":195,"box":{"x":42,"y":332,"width":450,"height":11}},{"id":"bcf540e1-7fb6-42cb-872b-39f0f16f708d","block_type":"box","text":"Between 0-45%, but typically 10%, of the sub-fund will be","page_number":195,"box":{"x":43,"y":346,"width":449,"height":12}},{"id":"d578dad0-0b02-4adb-8575-dc1d04d63c80","block_type":"box","text":"exposed to cash and alternative investments.","page_number":195,"box":{"x":42,"y":361,"width":334,"height":11}},{"id":"e45cf94e-c80b-4743-9d11-a719642aad93","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":195,"box":{"x":43,"y":386,"width":449,"height":9}},{"id":"c3323ea9-7c40-4596-9abf-bb96fc2378be","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":195,"box":{"x":43,"y":400,"width":449,"height":11}},{"id":"54843057-9b97-4303-a7dd-eb2bcad56362","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":195,"box":{"x":42,"y":414,"width":450,"height":11}},{"id":"6fd37cd4-a381-40a8-953b-71c200505cb2","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":195,"box":{"x":42,"y":428,"width":450,"height":12}},{"id":"91518b25-642f-41e6-aec5-26861010d059","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":195,"box":{"x":42,"y":443,"width":450,"height":11}},{"id":"269309cc-d74b-4731-967d-0936b8b68839","block_type":"box","text":"Carlo simulation methodology.","page_number":195,"box":{"x":43,"y":457,"width":222,"height":11}},{"id":"b9ade797-6e53-414d-bbd3-df6d93cfeb8e","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":195,"box":{"x":42,"y":482,"width":450,"height":11}},{"id":"c8d9f37b-9044-4fd3-9ee0-603d8bf28dfb","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":195,"box":{"x":43,"y":496,"width":449,"height":11}},{"id":"f8ae6762-3cbc-4db8-bafc-fadf2fa5a4ec","block_type":"box","text":"portfolio over a specific timeframe.","page_number":195,"box":{"x":43,"y":510,"width":253,"height":12}},{"id":"a973cafc-82bc-41a8-b70a-dee4b0784474","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":195,"box":{"x":42,"y":535,"width":450,"height":11}},{"id":"54f1cbea-9e97-4a51-bbdc-4dd3d8dc5f62","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":195,"box":{"x":43,"y":550,"width":449,"height":11}},{"id":"78b95a26-2aef-4fdd-950a-f699ee7dd762","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":195,"box":{"x":43,"y":564,"width":449,"height":11}},{"id":"01739939-27b9-47e5-8fa6-50dd06ddb046","block_type":"box","text":"based on the 99th percentile. This is intended to show, with a","page_number":195,"box":{"x":43,"y":578,"width":449,"height":11}},{"id":"d1d5ce17-ab44-475f-9168-6eb332fddedc","block_type":"box","text":"99% degree of confidence, the maximum amount that might","page_number":195,"box":{"x":43,"y":592,"width":449,"height":12}},{"id":"ff678fb9-0288-48d2-8752-492dbafa10b5","block_type":"box","text":"be lost over a 20-day period.","page_number":195,"box":{"x":43,"y":607,"width":210,"height":11}},{"id":"70dab082-b62b-41dc-89dd-d944ed3b54f8","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Cautious Managed,","page_number":195,"box":{"x":42,"y":632,"width":450,"height":11}},{"id":"b7735b96-9e85-43a1-822c-a89373805956","block_type":"box","text":"as at 3 July 2026 was 4.14% (31 December 2025: 3.67%).","page_number":195,"box":{"x":42,"y":646,"width":450,"height":11}},{"id":"1fd7911b-fae0-4b30-9bf4-84a1d790d31f","block_type":"box","text":"The lowest, highest and average utilisation in the","page_number":195,"box":{"x":42,"y":660,"width":450,"height":11}},{"id":"0220b52b-513f-41bb-9043-e8d2dfea8d89","block_type":"box","text":"period was 3.58%, 4.32% and 3.94%, respectively","page_number":195,"box":{"x":43,"y":674,"width":449,"height":12}},{"id":"cd9898b5-9217-4b2a-b675-3da76c4da201","block_type":"box","text":"(31 December 2025: 3.60%, 5.07% and 3.94%, respectively).","page_number":195,"box":{"x":43,"y":689,"width":443,"height":11}},{"id":"8676a22f-825e-4aaa-904c-732cbe1a00db","block_type":"box","text":"195","page_number":196,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"645ce0f3-50a3-44e5-a047-499bea76c02e","block_type":"box","text":"SARASIN Cautious Managed","page_number":196,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"6506ed5a-559b-439d-bf49-23fd756f70b9","block_type":"box","text":"Investment Review \r\new","page_number":196,"box":{"x":43,"y":79,"width":180,"height":11}},{"id":"cc859f27-f4b0-483d-92ff-bb28bb0acc82","block_type":"box","text":"Investment Review","page_number":196,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"2df492ab-4363-4bc0-963b-a32930df38a0","block_type":"box","text":"Cumulative performance","page_number":196,"box":{"x":52,"y":100,"width":195,"height":11}},{"id":"c7a9b16d-ec1e-478f-b587-9afe0c228098","block_type":"box","text":"6mos","page_number":196,"box":{"x":455,"y":108,"width":39,"height":9}},{"id":"34b240aa-2ed1-4e8e-be8f-246fdaa4ea94","block_type":"box","text":"1 yr","page_number":196,"box":{"x":569,"y":107,"width":26,"height":11}},{"id":"3da3016d-7d92-4782-9827-779ac1203b83","block_type":"box","text":"3 yrs","page_number":196,"box":{"x":670,"y":107,"width":35,"height":11}},{"id":"7ee89dcf-ccaa-47ac-a41e-47faeac4158c","block_type":"box","text":"5 yrs","page_number":196,"box":{"x":777,"y":107,"width":35,"height":11}},{"id":"3eb79c31-f1a9-43d5-8aa7-98de2d10e336","block_type":"box","text":"Since","page_number":196,"box":{"x":881,"y":100,"width":46,"height":9}},{"id":"317e26f9-a54b-4efd-9198-e4bd345a5b1e","block_type":"box","text":"Inception","page_number":196,"box":{"x":869,"y":114,"width":66,"height":11}},{"id":"93c80ad7-e433-4935-a87b-d4a9aa55835e","block_type":"box","text":"01 Jan 26 –","page_number":196,"box":{"x":431,"y":134,"width":92,"height":9}},{"id":"6b8337be-d2a1-49e5-90fb-d1c14315695d","block_type":"box","text":"03 Jul 26","page_number":196,"box":{"x":441,"y":148,"width":67,"height":9}},{"id":"f2c7bd4a-a40a-4753-a093-d86d571f69ed","block_type":"box","text":"01 Jul 25 –","page_number":196,"box":{"x":541,"y":132,"width":86,"height":9}},{"id":"9dc342fa-da98-45d8-952e-2ee7d1ef5cf9","block_type":"box","text":"03 Jul 26","page_number":196,"box":{"x":548,"y":146,"width":66,"height":9}},{"id":"5bd8370e-93ed-4dee-a47a-2af970a3babb","block_type":"box","text":"01 Jul 23 –","page_number":196,"box":{"x":647,"y":132,"width":86,"height":9}},{"id":"c2ef4a2d-3047-4830-8b33-5daa40fafe34","block_type":"box","text":"03 Jul 26","page_number":196,"box":{"x":654,"y":146,"width":67,"height":9}},{"id":"e5267c97-4fd3-4567-b827-9b79f9b1ee1e","block_type":"box","text":"01 Jul 21 –","page_number":196,"box":{"x":754,"y":132,"width":86,"height":9}},{"id":"cef9b766-832b-44c5-8281-e0dee4948b17","block_type":"box","text":"03 Jul 26","page_number":196,"box":{"x":761,"y":146,"width":67,"height":9}},{"id":"7aca5f2f-85ab-403e-b6fb-9d5df153b8e7","block_type":"box","text":"29 Apr 25 –","page_number":196,"box":{"x":859,"y":132,"width":90,"height":11}},{"id":"54286d34-155e-49d3-a342-eaf066635597","block_type":"box","text":"03 Jul 26","page_number":196,"box":{"x":868,"y":146,"width":67,"height":9}},{"id":"38e42633-a34b-4dc5-81dd-5adc54c66707","block_type":"box","text":"%","page_number":196,"box":{"x":468,"y":166,"width":13,"height":9}},{"id":"50603260-0219-44fc-bf3b-198cda70cab3","block_type":"box","text":"%","page_number":196,"box":{"x":575,"y":168,"width":13,"height":9}},{"id":"3c562cbf-f943-4677-9847-d45e8d6f9ede","block_type":"box","text":"%","page_number":196,"box":{"x":681,"y":168,"width":13,"height":9}},{"id":"66c4cf79-b4ec-4ded-9d40-68c301a7a9d8","block_type":"box","text":"%","page_number":196,"box":{"x":788,"y":168,"width":13,"height":9}},{"id":"9b108b56-d540-4e79-974c-f92abf5aae2f","block_type":"box","text":"%","page_number":196,"box":{"x":895,"y":168,"width":13,"height":9}},{"id":"159dc0eb-212d-4428-840a-30d10dd489d9","block_type":"box","text":"Fund","page_number":196,"box":{"x":50,"y":182,"width":36,"height":8}},{"id":"81fb65d6-2e9c-488f-88a3-e8d352d945d6","block_type":"box","text":"M Acc (Net)","page_number":196,"box":{"x":308,"y":181,"width":86,"height":12}},{"id":"e1c74729-0d25-416d-bb66-31c12322ded7","block_type":"box","text":"5.30","page_number":196,"box":{"x":459,"y":182,"width":31,"height":8}},{"id":"999ea96b-dc54-4bc2-8b74-51c670ac7875","block_type":"box","text":"12.80","page_number":196,"box":{"x":562,"y":182,"width":39,"height":8}},{"id":"cd1275c2-4621-41d6-84e9-a5f1f8ab71d4","block_type":"box","text":"–","page_number":196,"box":{"x":683,"y":187,"width":9,"height":1}},{"id":"1a02b6bd-0c2d-4626-8369-59eed884505c","block_type":"box","text":"–","page_number":196,"box":{"x":790,"y":187,"width":9,"height":1}},{"id":"60d6f92d-31cd-4c79-8e10-5b36eeb86035","block_type":"box","text":"17.30","page_number":196,"box":{"x":883,"y":182,"width":39,"height":8}},{"id":"dcd6e662-bcfa-46d2-9086-d302d7b3dd9a","block_type":"box","text":"Comparator","page_number":196,"box":{"x":49,"y":195,"width":88,"height":11}},{"id":"278237b2-33f2-4034-aef1-dcc6aeed87ee","block_type":"box","text":"Index","page_number":196,"box":{"x":308,"y":195,"width":40,"height":9}},{"id":"c8b737db-9b10-4b48-8535-35efeeaa65f4","block_type":"box","text":"5.30","page_number":196,"box":{"x":459,"y":195,"width":31,"height":9}},{"id":"8ded3ca1-a292-4ac4-86a6-b0319e0c2468","block_type":"box","text":"12.40","page_number":196,"box":{"x":562,"y":195,"width":39,"height":9}},{"id":"00d56fbb-d894-421f-a27b-ea11f29f331b","block_type":"box","text":"–","page_number":196,"box":{"x":683,"y":200,"width":9,"height":1}},{"id":"6e1b1a1b-10c5-4609-855e-1a9061ada0d0","block_type":"box","text":"–","page_number":196,"box":{"x":790,"y":200,"width":9,"height":1}},{"id":"fabeddbd-b14c-40be-b34b-99cf0bc4f710","block_type":"box","text":"16.80","page_number":196,"box":{"x":883,"y":195,"width":39,"height":9}},{"id":"240bd392-7728-4dfc-9b08-464ebe2523da","block_type":"box","text":"Discrete performance","page_number":196,"box":{"x":52,"y":239,"width":171,"height":11}},{"id":"f3e4f44c-f412-4613-babc-c89b45ebd863","block_type":"box","text":"01 Jul 25 –","page_number":196,"box":{"x":434,"y":239,"width":86,"height":9}},{"id":"fb0eb701-b738-44af-9f9e-6f6877e3ecd7","block_type":"box","text":"03 Jul 26","page_number":196,"box":{"x":441,"y":253,"width":67,"height":9}},{"id":"1ae3195b-6ae1-4062-b397-6ae5d56459e3","block_type":"box","text":"01 Jul 24 –","page_number":196,"box":{"x":541,"y":239,"width":86,"height":9}},{"id":"927b111b-388d-449d-930b-bcf15a70d2af","block_type":"box","text":"30 Jun 25","page_number":196,"box":{"x":545,"y":253,"width":72,"height":9}},{"id":"304579b0-b1a1-4639-97b7-aa8e22455f82","block_type":"box","text":"01 Jul 23 –","page_number":196,"box":{"x":647,"y":239,"width":86,"height":9}},{"id":"b850fbc5-7a48-4ef5-818b-fd5a5effe633","block_type":"box","text":"30 Jun 24","page_number":196,"box":{"x":652,"y":253,"width":72,"height":9}},{"id":"ad711ab1-6904-476c-8a77-05fbb3573080","block_type":"box","text":"01 Jul 22 –","page_number":196,"box":{"x":754,"y":239,"width":86,"height":9}},{"id":"c4fdd413-baa0-4336-9a18-59f98ebc222c","block_type":"box","text":"30 Jun 23","page_number":196,"box":{"x":758,"y":253,"width":72,"height":9}},{"id":"1b9d98ff-ab23-4a12-80b5-b363a118f1d5","block_type":"box","text":"01 Jul 21 –","page_number":196,"box":{"x":861,"y":239,"width":86,"height":9}},{"id":"2ef4aa9f-d484-46d3-a01f-fe48b7c1ca88","block_type":"box","text":"30 Jun 22","page_number":196,"box":{"x":866,"y":253,"width":72,"height":9}},{"id":"af482a23-5816-4463-ac7c-45c0d2d8c18c","block_type":"box","text":"%","page_number":196,"box":{"x":468,"y":273,"width":13,"height":9}},{"id":"ed9cf35c-d85f-4f95-ac74-021745e9dfa5","block_type":"box","text":"%","page_number":196,"box":{"x":575,"y":275,"width":13,"height":9}},{"id":"debe7a0b-3cd0-4cd5-9a28-1894717a3370","block_type":"box","text":"%","page_number":196,"box":{"x":681,"y":275,"width":13,"height":9}},{"id":"bc9f582e-c3ab-4f05-a584-a0f2f3901195","block_type":"box","text":"%","page_number":196,"box":{"x":788,"y":275,"width":13,"height":9}},{"id":"7f8026f5-53d0-4daf-8c96-1e10406bab92","block_type":"box","text":"%","page_number":196,"box":{"x":895,"y":275,"width":13,"height":9}},{"id":"85b0fd27-b83f-45ba-9395-af7de40694ef","block_type":"box","text":"Fund","page_number":196,"box":{"x":50,"y":289,"width":36,"height":9}},{"id":"3d6b2b37-ccb6-4c6a-8bd7-ffcf0c6f8057","block_type":"box","text":"M Acc (Net)","page_number":196,"box":{"x":308,"y":289,"width":86,"height":11}},{"id":"5278961c-214e-438a-ac24-6378eb4ebe66","block_type":"box","text":"12.80","page_number":196,"box":{"x":455,"y":289,"width":40,"height":9}},{"id":"277e93b5-8ed8-4df4-8847-fcf04dc20449","block_type":"box","text":"–","page_number":196,"box":{"x":576,"y":294,"width":10,"height":1}},{"id":"3c589127-10af-4aaf-ab45-c3981cf14358","block_type":"box","text":"–","page_number":196,"box":{"x":683,"y":294,"width":9,"height":1}},{"id":"2ffe7013-6404-4f7d-af02-8e4307690c20","block_type":"box","text":"–","page_number":196,"box":{"x":790,"y":294,"width":9,"height":1}},{"id":"97025e47-5a64-4580-ac8e-15f7bdf2c002","block_type":"box","text":"–","page_number":196,"box":{"x":897,"y":294,"width":9,"height":1}},{"id":"fdb0895e-5c06-4b57-b983-77a2d5e901c6","block_type":"box","text":"Comparator","page_number":196,"box":{"x":49,"y":302,"width":88,"height":11}},{"id":"bcbc01ae-7555-4f1e-8a7b-3ca180bf87db","block_type":"box","text":"Index","page_number":196,"box":{"x":308,"y":302,"width":40,"height":9}},{"id":"5e72bc06-78ca-43e8-b7ad-30907a21766e","block_type":"box","text":"12.40","page_number":196,"box":{"x":455,"y":302,"width":40,"height":9}},{"id":"177a7ad3-28c1-4d93-8a62-4c9c9e6d3ed4","block_type":"box","text":"–","page_number":196,"box":{"x":576,"y":307,"width":10,"height":1}},{"id":"cfb57ec9-3e9d-4b50-91fd-7eac7af427da","block_type":"box","text":"–","page_number":196,"box":{"x":683,"y":307,"width":9,"height":1}},{"id":"0b4f008f-8333-4f61-af3a-6be2e3b5eccb","block_type":"box","text":"–","page_number":196,"box":{"x":790,"y":307,"width":9,"height":1}},{"id":"19e48b8c-c9bf-4aac-8930-3f12b92011cd","block_type":"box","text":"–","page_number":196,"box":{"x":897,"y":307,"width":9,"height":1}},{"id":"2de41129-1ed2-4932-ae43-ba4333c0a6f2","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":196,"box":{"x":43,"y":349,"width":220,"height":6}},{"id":"3504c5e7-6f23-48ad-8011-143b0bccbbf6","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":196,"box":{"x":43,"y":368,"width":444,"height":7}},{"id":"8af92eb2-9d0b-43ea-b9a2-da0ca6d4ffa4","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":196,"box":{"x":42,"y":377,"width":445,"height":7}},{"id":"22a6669a-91d9-4f56-bd42-2d8abcab2622","block_type":"box","text":"reinvested.","page_number":196,"box":{"x":42,"y":386,"width":48,"height":5}},{"id":"5ce6f63b-1c40-42c8-86bd-f4f286720feb","block_type":"box","text":"Class M (Acc) has been used as the representative share class in the table above, which launched","page_number":196,"box":{"x":42,"y":405,"width":445,"height":7}},{"id":"6b9c1406-e53d-4c70-86e1-ee9668573efa","block_type":"box","text":"on 29 April 2025.","page_number":196,"box":{"x":42,"y":413,"width":75,"height":7}},{"id":"733ec0cf-d052-495d-8141-7003a24e8288","block_type":"box","text":"Please note that the performance target is to be achieved over a specific annualised time period -","page_number":196,"box":{"x":43,"y":433,"width":444,"height":6}},{"id":"df6b766d-994b-4a2e-99a8-2089833001a3","block_type":"box","text":"refer to the investment objective above.","page_number":196,"box":{"x":42,"y":441,"width":175,"height":7}},{"id":"49b8b7be-bb88-4bde-9e88-d6d9b744e53c","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":196,"box":{"x":43,"y":460,"width":444,"height":7}},{"id":"9a3830b5-3f58-4203-9e2f-d67f66d473a5","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":196,"box":{"x":42,"y":469,"width":116,"height":7}},{"id":"c6ae518a-a1b6-4402-b922-0d66f4d5563a","block_type":"box","text":"Performance","page_number":196,"box":{"x":43,"y":491,"width":101,"height":8}},{"id":"606ac8f1-7d8e-41f5-b6e2-c2cd4220c84f","block_type":"box","text":"The sub-fund returned 5.30% (net of charges) for the period","page_number":196,"box":{"x":42,"y":505,"width":450,"height":11}},{"id":"7889b1e3-421a-436d-8e35-2345d0a5ab57","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus 5.30% for the","page_number":196,"box":{"x":42,"y":519,"width":450,"height":11}},{"id":"b3d4b650-addd-4a0c-99c2-a80747aa8688","block_type":"box","text":"comparator benchmark.","page_number":196,"box":{"x":42,"y":533,"width":176,"height":11}},{"id":"53ed5d0c-d42e-4938-8b55-f5dd499cdf78","block_type":"box","text":"Review","page_number":196,"box":{"x":43,"y":558,"width":57,"height":9}},{"id":"58947c7f-f218-4d7b-b7a6-49faa5ca0e95","block_type":"box","text":"Investor sentiment over the first half of 2026 was shaped","page_number":196,"box":{"x":43,"y":572,"width":449,"height":11}},{"id":"c8d07b05-bddc-45d5-b440-5b2199573049","block_type":"box","text":"by several factors, most notably developments in the","page_number":196,"box":{"x":43,"y":587,"width":449,"height":11}},{"id":"2ecf2f3e-bba1-4d9f-a507-3c79a859aa2d","block_type":"box","text":"US-Iran conflict. The outbreak of hostilities initially increased","page_number":196,"box":{"x":43,"y":601,"width":449,"height":11}},{"id":"4f637ede-1ec7-475e-b844-70dc7af7e12a","block_type":"box","text":"uncertainty and resulted in the temporary closure of the Strait","page_number":196,"box":{"x":43,"y":615,"width":449,"height":11}},{"id":"8600557b-4a5c-465a-b653-e467843823cb","block_type":"box","text":"of Hormuz. As the conflict showed signs of de-escalation","page_number":196,"box":{"x":42,"y":629,"width":450,"height":12}},{"id":"cd682555-04b5-4a52-ae9d-0f0359745d9c","block_type":"box","text":"later in the period, investor confidence improved, supporting","page_number":196,"box":{"x":43,"y":644,"width":449,"height":11}},{"id":"cd328df6-55a7-48e9-82bd-1ffdda24eec1","block_type":"box","text":"a broad recovery in risk assets.","page_number":196,"box":{"x":42,"y":658,"width":237,"height":11}},{"id":"e2eb1931-a313-43fa-8418-0cbd61cf5fd4","block_type":"box","text":"Oil prices fell sharply as expectations of a resolution","page_number":196,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"356f3726-5d09-4513-b43c-814af366ca18","block_type":"box","text":"strengthened. With concerns over energy supply receding,","page_number":196,"box":{"x":42,"y":697,"width":444,"height":11}},{"id":"50c7e691-6716-43db-8d33-0a0aa1af7838","block_type":"box","text":"market attention returned to the structural investment","page_number":196,"box":{"x":43,"y":712,"width":444,"height":8}},{"id":"546981de-dfbe-4bc3-8901-64b579d0a294","block_type":"box","text":"opportunity presented by Artificial Intelligence (AI). Continued","page_number":196,"box":{"x":42,"y":726,"width":444,"height":11}},{"id":"8042f7c7-9591-4c88-89f7-90144c2d527f","block_type":"box","text":"investment in AI infrastructure, together with upward revisions","page_number":196,"box":{"x":43,"y":740,"width":444,"height":11}},{"id":"d2b1dada-9734-4da1-a7b9-6dea14579029","block_type":"box","text":"to corporate capital expenditure plans and global earnings","page_number":196,"box":{"x":42,"y":754,"width":445,"height":11}},{"id":"a6e92483-18bd-460d-a11d-658cc5e9a6d3","block_type":"box","text":"expectations, supported technology shares.","page_number":196,"box":{"x":42,"y":769,"width":322,"height":11}},{"id":"26fbdfe9-cadf-484c-94d2-cdf3cca8ba69","block_type":"box","text":"Emerging markets were among the strongest-performing","page_number":196,"box":{"x":43,"y":793,"width":443,"height":12}},{"id":"aac56cc4-abac-4e7f-b3ab-fc6b4451230d","block_type":"box","text":"regions, driven largely by their significant exposure to","page_number":196,"box":{"x":43,"y":808,"width":444,"height":11}},{"id":"b72b5887-7bde-4763-894d-bd5c62714198","block_type":"box","text":"semiconductor and information technology hardware","page_number":196,"box":{"x":42,"y":822,"width":445,"height":11}},{"id":"f538e388-fc39-40ee-823b-af678331e610","block_type":"box","text":"companies.","page_number":196,"box":{"x":42,"y":836,"width":84,"height":11}},{"id":"562730df-e466-4c85-bcb0-2f8f76f47a8e","block_type":"box","text":"Government bond markets weakened during the early part","page_number":196,"box":{"x":512,"y":351,"width":450,"height":12}},{"id":"8795a017-5f7f-4e6d-90df-0ae3fac08a29","block_type":"box","text":"of the period as higher energy prices renewed inflation","page_number":196,"box":{"x":512,"y":366,"width":450,"height":11}},{"id":"e18d0478-4f86-4d2d-9cf4-3f336542e176","block_type":"box","text":"concerns, particularly in the UK, where the economy was","page_number":196,"box":{"x":512,"y":380,"width":450,"height":11}},{"id":"31dace84-308d-4dfb-bc48-38d97e5ba4d2","block_type":"box","text":"viewed as relatively exposed to rising fuel costs. UK Gilts","page_number":196,"box":{"x":512,"y":394,"width":450,"height":11}},{"id":"ed6b89e6-d81c-4d97-bd55-3cb9462255f0","block_type":"box","text":"subsequently recovered as inflation data came in below","page_number":196,"box":{"x":512,"y":408,"width":450,"height":12}},{"id":"a56c0cb7-a92a-42e7-acb8-20c73d55abc1","block_type":"box","text":"expectations, reducing the perceived likelihood of further","page_number":196,"box":{"x":512,"y":423,"width":450,"height":11}},{"id":"a8f22b0d-88d6-417f-9664-192ddfd10fed","block_type":"box","text":"interest rate increases.","page_number":196,"box":{"x":513,"y":437,"width":167,"height":9}},{"id":"b47e09bb-1b4e-4b4d-bf50-d7e0e55da44e","block_type":"box","text":"Commodity markets also reflected the changing geopolitical","page_number":196,"box":{"x":512,"y":462,"width":450,"height":11}},{"id":"dabd8812-3f79-48f3-acf2-cbabdb16120d","block_type":"box","text":"backdrop. Following an initial surge in oil and gas prices,","page_number":196,"box":{"x":513,"y":476,"width":449,"height":11}},{"id":"20518546-164b-47c8-90b4-54f482fe85ef","block_type":"box","text":"broad commodity prices declined as tensions eased. Gold","page_number":196,"box":{"x":513,"y":490,"width":449,"height":12}},{"id":"2312f437-0c84-4b68-9058-ab30ef2de28c","block_type":"box","text":"and other precious metals weakened as the US dollar","page_number":196,"box":{"x":512,"y":505,"width":450,"height":11}},{"id":"9b10ff54-5cce-452f-99e2-79bed78b4765","block_type":"box","text":"strengthened and expectations for higher US interest","page_number":196,"box":{"x":512,"y":519,"width":450,"height":11}},{"id":"dad0952a-09e6-4382-bca8-139ef0863431","block_type":"box","text":"rates increased. In contrast, industrial metals advanced","page_number":196,"box":{"x":513,"y":533,"width":449,"height":11}},{"id":"d99079d6-66d2-40c8-9197-1ab4bfbdda72","block_type":"box","text":"on continued demand linked to technology investment and","page_number":196,"box":{"x":512,"y":548,"width":450,"height":11}},{"id":"e57e2a33-b8b9-4c39-9076-664ae0bfb34c","block_type":"box","text":"infrastructure spending.","page_number":196,"box":{"x":513,"y":562,"width":173,"height":11}},{"id":"6f1d5407-f43d-47f6-9be2-109b9cc07d1e","block_type":"box","text":"Positives","page_number":196,"box":{"x":513,"y":587,"width":72,"height":9}},{"id":"8cc3d36f-ed74-4a6b-840c-60c6ef18590f","block_type":"box","text":"Our allocations to the Xtrackers MSCI Emerging Markets","page_number":196,"box":{"x":512,"y":601,"width":450,"height":11}},{"id":"e4fd324b-7cf5-4fa2-a575-f57e7e706ce9","block_type":"box","text":"UCITS ETF made a positive contribution to performance as","page_number":196,"box":{"x":513,"y":615,"width":449,"height":11}},{"id":"7af0684a-f3b1-4c1d-b341-bd9c8655607e","block_type":"box","text":"the region outperformed global equity markets.","page_number":196,"box":{"x":512,"y":629,"width":345,"height":12}},{"id":"e6fece44-d71a-4bfe-9118-e28627eb0a8a","block_type":"box","text":"Our exposure to developed Asia via Vanguard FTSE","page_number":196,"box":{"x":512,"y":654,"width":450,"height":12}},{"id":"b33d200e-718f-4766-a36c-0d8faf3bee36","block_type":"box","text":"Developed Asia Pacific ex Japan UCITS ETF also added","page_number":196,"box":{"x":513,"y":669,"width":449,"height":11}},{"id":"a9d59688-83ef-47d5-9679-69f805bcb4a7","block_type":"box","text":"value, reflecting the region's strong equity market returns","page_number":196,"box":{"x":512,"y":683,"width":450,"height":11}},{"id":"bf8cf2ee-88bd-40cb-9143-4488addf426a","block_type":"box","text":"given exposure to semiconductor and memory companies.","page_number":196,"box":{"x":512,"y":697,"width":433,"height":11}},{"id":"8f248a2e-2eb6-44cc-8e64-8b227b26ca0e","block_type":"box","text":"Japanese equities also performed well during the period,","page_number":196,"box":{"x":512,"y":722,"width":444,"height":11}},{"id":"651a1e7b-f68b-4444-be37-5f62e0e28a70","block_type":"box","text":"and our allocation to the market through an iShares Core","page_number":196,"box":{"x":512,"y":736,"width":444,"height":12}},{"id":"e387e020-5ad0-424d-903e-2185b7e00867","block_type":"box","text":"MSCI Japan IMI UCITS ETF USD Accumulation contributed","page_number":196,"box":{"x":513,"y":751,"width":443,"height":11}},{"id":"2e960e27-fe65-439e-839d-65a94e04006d","block_type":"box","text":"positively to overall sub-fund performance.","page_number":196,"box":{"x":513,"y":765,"width":313,"height":11}},{"id":"31a05c36-90d1-4bcc-9d88-124d2848ea58","block_type":"box","text":"Negatives","page_number":196,"box":{"x":513,"y":790,"width":77,"height":11}},{"id":"c336c37e-bfd3-4cdd-b6e1-afa2ae73e2b0","block_type":"box","text":"Most of the significant detractors over the period were","page_number":196,"box":{"x":513,"y":804,"width":443,"height":11}},{"id":"d240b211-9648-4ce9-8830-824ef5ae6d97","block_type":"box","text":"individual stocks.","page_number":196,"box":{"x":513,"y":819,"width":124,"height":8}},{"id":"de7c3c13-7db8-425f-813c-2fd73c95cb21","block_type":"box","text":"EssilorLuxottica detracted from performance, sentiment","page_number":196,"box":{"x":513,"y":843,"width":449,"height":11}},{"id":"e44fb5b4-33d4-4b54-b471-d159309fe666","block_type":"box","text":"around the company’s smart glasses and the impact on","page_number":196,"box":{"x":512,"y":858,"width":450,"height":11}},{"id":"f4e3edef-6e82-475b-9863-383dc663f7ff","block_type":"box","text":"margins has driven the stock price and has been more","page_number":196,"box":{"x":513,"y":872,"width":449,"height":11}},{"id":"1b1a1e26-0292-4150-adeb-d7f1dd1d3b18","block_type":"box","text":"negative in the first half of this period.","page_number":196,"box":{"x":513,"y":886,"width":281,"height":11}},{"id":"38ce3cd9-8093-434b-952d-5514bdfca3f3","block_type":"box","text":"196","page_number":197,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"264db5c6-a7a7-4f0d-923d-aca80cbc7b3f","block_type":"box","text":"SARASIN Cautious Managed","page_number":197,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"bc0e7299-5cb8-45b9-bf3c-8e3e4cee67ed","block_type":"box","text":"Tencent Holdings has suffered on concerns around its","page_number":197,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"89637dee-73a0-48a5-8ac0-36530ee13386","block_type":"box","text":"progress in AI despite heavy investment.","page_number":197,"box":{"x":43,"y":124,"width":305,"height":11}},{"id":"2131cb2c-c94e-441b-bfa4-e46ca5bb16ec","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton underperformed due","page_number":197,"box":{"x":43,"y":149,"width":449,"height":11}},{"id":"3e741079-eeae-445a-a372-53597bf01363","block_type":"box","text":"to weak sentiment towards luxury goods, particularly amid","page_number":197,"box":{"x":42,"y":163,"width":450,"height":11}},{"id":"8cd94f71-d682-4592-8aee-b620d33322d8","block_type":"box","text":"concerns over slowing growth in China.","page_number":197,"box":{"x":42,"y":177,"width":290,"height":11}},{"id":"b2c08cff-823e-4d2f-b48f-e1b3ee059265","block_type":"box","text":"Transactions","page_number":197,"box":{"x":42,"y":202,"width":103,"height":9}},{"id":"97446f1b-30ee-449a-90da-40c13b00ad4e","block_type":"box","text":"We increased exposure to UK government bonds following","page_number":197,"box":{"x":42,"y":216,"width":450,"height":12}},{"id":"a9749786-5921-467c-b157-377d500f3696","block_type":"box","text":"the rise in yields, which created a more attractive valuation","page_number":197,"box":{"x":42,"y":231,"width":450,"height":11}},{"id":"f74fd298-57d4-47e1-9df8-c0841bfdc840","block_type":"box","text":"opportunity.","page_number":197,"box":{"x":42,"y":245,"width":85,"height":11}},{"id":"740ba0f0-302c-4b14-b0fe-a81ec3ced24d","block_type":"box","text":"We also added to our position in Xtrackers MSCI Emerging","page_number":197,"box":{"x":42,"y":270,"width":450,"height":11}},{"id":"bc3cda53-364f-4451-b6da-76974556ff33","block_type":"box","text":"Markets UCITS ETF, reflecting the improving outlook for the","page_number":197,"box":{"x":43,"y":284,"width":449,"height":11}},{"id":"f2c469fa-c9b8-4db1-96f2-114bd31d2617","block_type":"box","text":"asset class.","page_number":197,"box":{"x":42,"y":299,"width":86,"height":8}},{"id":"372fc698-5150-46ca-a435-929fa97ffa66","block_type":"box","text":"We started a position in the MAN Funds - Man Japan","page_number":197,"box":{"x":42,"y":323,"width":450,"height":11}},{"id":"60333201-36ef-4554-9508-9c5f54346390","block_type":"box","text":"CoreAlpha Equity, which offers exposure to Japanese","page_number":197,"box":{"x":43,"y":337,"width":449,"height":12}},{"id":"548768ae-355c-4231-b9ef-d177ae9f8c9a","block_type":"box","text":"equities. This market has performed well so far this year and","page_number":197,"box":{"x":42,"y":352,"width":450,"height":11}},{"id":"4209076b-c33d-44cf-877e-38cebfec51de","block_type":"box","text":"should continue to offer attractive returns.","page_number":197,"box":{"x":42,"y":366,"width":313,"height":9}},{"id":"22e1e628-3c88-4db6-8430-ecc8842cd1e3","block_type":"box","text":"We reduced our allocation to gold after its strong performance","page_number":197,"box":{"x":42,"y":391,"width":450,"height":11}},{"id":"d79f8037-c2ff-4b44-a2b4-68bd315ddcad","block_type":"box","text":"during the period of heightened geopolitical uncertainty, as","page_number":197,"box":{"x":42,"y":405,"width":450,"height":11}},{"id":"62225fe5-f263-4a2f-b6ff-8f9081e7ae06","block_type":"box","text":"improving prospects for a resolution to the US-Iran conflict","page_number":197,"box":{"x":43,"y":419,"width":449,"height":12}},{"id":"f9a4dd5c-2496-4860-b6e7-5259f9853b85","block_type":"box","text":"reduced its relative attractiveness as a defensive holding.","page_number":197,"box":{"x":43,"y":434,"width":449,"height":11}},{"id":"84c2a9c6-6ba4-4135-8847-a76761a7a4cb","block_type":"box","text":"We also cut the weighting in another safe haven by selling","page_number":197,"box":{"x":42,"y":448,"width":450,"height":11}},{"id":"6b42a36b-f146-44d1-b730-4ee1414f7a3a","block_type":"box","text":"part of the holding in the BlackRock ICS Sterling Liquidity","page_number":197,"box":{"x":43,"y":462,"width":449,"height":11}},{"id":"3ec63180-5b56-41fa-9dfe-69eae5e10d52","block_type":"box","text":"Fund.","page_number":197,"box":{"x":43,"y":477,"width":40,"height":8}},{"id":"6185502c-6874-4b84-b1d8-e798daf7e478","block_type":"box","text":"Outlook","page_number":197,"box":{"x":43,"y":502,"width":62,"height":8}},{"id":"b622ebaa-0c2c-48ae-8243-341fc35e894f","block_type":"box","text":"Global equity markets are being shaped by easing oil supply","page_number":197,"box":{"x":43,"y":516,"width":449,"height":11}},{"id":"bd4d00f2-a3f5-426b-ad39-11b346abddae","block_type":"box","text":"concerns and major stock market listings by large technology","page_number":197,"box":{"x":42,"y":530,"width":450,"height":11}},{"id":"f84bf2be-31b1-473e-bf91-433768fc7325","block_type":"box","text":"companies. Investor confidence is returning as the US-Iran","page_number":197,"box":{"x":42,"y":544,"width":450,"height":11}},{"id":"c4d425e0-794b-48d5-b367-5424f2637100","block_type":"box","text":"war ceasefire, brokered in April, came under renewed strain","page_number":197,"box":{"x":42,"y":558,"width":450,"height":12}},{"id":"07c9658e-a366-4e10-8c99-a051dd526794","block_type":"box","text":"in July after fresh exchanges of strikes; markets are watching","page_number":197,"box":{"x":43,"y":573,"width":449,"height":11}},{"id":"30886e65-2d5b-4f94-8915-e5a8e319d6a0","block_type":"box","text":"closely for signs of a durable resolution.","page_number":197,"box":{"x":42,"y":587,"width":299,"height":11}},{"id":"b6bf1975-3cfb-4267-bde4-5339c49ec1bb","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":197,"box":{"x":42,"y":612,"width":450,"height":11}},{"id":"aac1220b-178d-4f96-8420-59012b52c4f3","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":197,"box":{"x":43,"y":626,"width":449,"height":11}},{"id":"69dc4be5-01d1-4656-83d3-2e120ab027f2","block_type":"box","text":"offering), with Anthropic and OpenAI expected to follow,","page_number":197,"box":{"x":42,"y":640,"width":450,"height":12}},{"id":"8bd3a8e3-49da-48eb-9af9-b2beeae53b04","block_type":"box","text":"possibly later this year. However, questions remain about","page_number":197,"box":{"x":43,"y":655,"width":449,"height":11}},{"id":"1ce29e48-af43-4608-abf3-fff90f8f4f9e","block_type":"box","text":"the future valuations of these companies and whether","page_number":197,"box":{"x":42,"y":669,"width":450,"height":11}},{"id":"53b15cac-2446-4fd7-94d1-aa209da850e4","block_type":"box","text":"markets can absorb the new supply of shares. More broadly,","page_number":197,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"9a01640f-e616-46d9-8a75-c30a545039d8","block_type":"box","text":"equity markets are being supported by potential long-term","page_number":197,"box":{"x":42,"y":698,"width":444,"height":11}},{"id":"81dd6887-441a-4e58-b498-37c86efe7d7d","block_type":"box","text":"AI-linked productivity gains and AI-driven demand for new","page_number":197,"box":{"x":42,"y":712,"width":445,"height":11}},{"id":"524d7618-2e9c-443c-ab47-769ae536c337","block_type":"box","text":"data centres.","page_number":197,"box":{"x":42,"y":726,"width":95,"height":9}},{"id":"4325ba2f-39ee-48a3-88ca-4c4c03771bb0","block_type":"box","text":"We hold an overweight position in equities compared with","page_number":197,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"8110a6ed-7086-457a-bc15-9248bb866a7b","block_type":"box","text":"our benchmark, given the evidence of robust corporate","page_number":197,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"c4bd88b1-c192-4ab7-8416-4cf9d2dd5f2a","block_type":"box","text":"earnings and dividend growth. We continue to focus on","page_number":197,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"19c1d4d1-ecf4-4c4d-8fd7-86c51afc6736","block_type":"box","text":"high-quality companies with higher returns on equity, stable","page_number":197,"box":{"x":513,"y":122,"width":449,"height":11}},{"id":"f5840c4e-ca15-46c3-abf3-1021e9b385a7","block_type":"box","text":"earnings growth and lower borrowings, which should offer","page_number":197,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"7ccd0c5f-7127-40ba-b4d0-9303c945644a","block_type":"box","text":"some downside protection in case of economic headwinds.","page_number":197,"box":{"x":512,"y":150,"width":436,"height":12}},{"id":"6a866213-7b14-474e-a4d1-daa98952daa8","block_type":"box","text":"Sarasin & Partners LLP","page_number":197,"box":{"x":512,"y":225,"width":174,"height":9}},{"id":"4e432e63-4c51-4231-ad87-c925b11136e5","block_type":"box","text":"3 August 2026","page_number":197,"box":{"x":512,"y":240,"width":106,"height":11}},{"id":"6b3cffba-93b8-4584-a12a-b266c04be95f","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":197,"box":{"x":512,"y":274,"width":445,"height":9}},{"id":"3e66a6f9-f7e7-473d-9f03-9d5c07a5afe2","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":197,"box":{"x":511,"y":285,"width":446,"height":9}},{"id":"fcabdc88-7a07-4a36-9beb-731eeb5639de","block_type":"box","text":"without notice.","page_number":197,"box":{"x":512,"y":297,"width":84,"height":7}},{"id":"96bc0132-9d87-416b-a550-dd531d4fb504","block_type":"box","text":"Top 10 purchases during the period","page_number":197,"box":{"x":512,"y":322,"width":283,"height":11}},{"id":"40c5afb0-c346-4e31-8d6a-2249c3e8538b","block_type":"box","text":"Vanguard Global Short-Term Bond Index Fund","page_number":197,"box":{"x":512,"y":335,"width":349,"height":11}},{"id":"2ec83458-3360-4a18-8f79-e7f21027eabd","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":197,"box":{"x":513,"y":348,"width":288,"height":12}},{"id":"dbb772d0-5eb9-466c-af79-c6962155b64f","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":197,"box":{"x":512,"y":362,"width":416,"height":11}},{"id":"d5c35ebe-8b27-492a-b34a-77f7c5a97514","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":197,"box":{"x":512,"y":375,"width":306,"height":9}},{"id":"304dcccf-cd04-41dd-813a-e28d044e167b","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":197,"box":{"x":513,"y":389,"width":288,"height":11}},{"id":"edecd29b-8770-4676-bc35-b0431805757b","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":197,"box":{"x":513,"y":402,"width":391,"height":9}},{"id":"9a582def-3bca-4e78-80c0-c0eede1b85b4","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":197,"box":{"x":512,"y":415,"width":446,"height":12}},{"id":"9e718432-c12a-4b8b-bf63-f771c49a77f6","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":197,"box":{"x":513,"y":429,"width":288,"height":11}},{"id":"f5b6e8a7-95f9-4b8a-8549-e12bf1b19610","block_type":"box","text":"Schroder Asian Income Fund","page_number":197,"box":{"x":512,"y":442,"width":221,"height":9}},{"id":"d005a208-0d43-4539-ba7d-0d523d96369f","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":197,"box":{"x":512,"y":456,"width":354,"height":11}},{"id":"b3f23e05-4c1a-465e-bc2a-e52025876fa3","block_type":"box","text":"Top 10 sales during the period","page_number":197,"box":{"x":512,"y":475,"width":241,"height":11}},{"id":"ebf11862-252b-49b4-9466-47747dad33e5","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":197,"box":{"x":513,"y":488,"width":391,"height":9}},{"id":"40b1d14f-04a8-40f9-93df-5cc489cf84f2","block_type":"box","text":"Vanguard Global Aggregate Bond UCITS ETF","page_number":197,"box":{"x":512,"y":501,"width":346,"height":12}},{"id":"23957131-c5c9-45d4-ac51-60a31c0afb87","block_type":"box","text":"Invesco Physical Gold","page_number":197,"box":{"x":513,"y":515,"width":168,"height":11}},{"id":"1ba2dc1b-1db0-4ee5-acc0-c1eebd0313f3","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF","page_number":197,"box":{"x":512,"y":528,"width":463,"height":11}},{"id":"2e7a9b90-3866-4c9e-bc62-154c233d729d","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":197,"box":{"x":512,"y":542,"width":446,"height":11}},{"id":"f6bffd42-acb7-4cc7-8fe9-67c90cafe20b","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":197,"box":{"x":512,"y":555,"width":416,"height":11}},{"id":"149b2ac4-8152-4266-9fb0-e7db87487bf1","block_type":"box","text":"iShares GBP Corp Bond 0-5yr UCITS ETF","page_number":197,"box":{"x":513,"y":568,"width":319,"height":12}},{"id":"d844087e-1dd9-4cb0-9516-0292efc96dce","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":197,"box":{"x":512,"y":582,"width":248,"height":11}},{"id":"a301ef2f-27e1-4c9c-b608-ab50114da9f2","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD Accumulation","page_number":197,"box":{"x":513,"y":595,"width":462,"height":11}},{"id":"f96c99f0-bf03-445a-930a-8572e2a7fffc","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":197,"box":{"x":512,"y":609,"width":306,"height":9}},{"id":"c1b44d34-4263-489b-9c8c-d34e28412bd8","block_type":"box","text":"Investment Review (continued)","page_number":197,"box":{"x":43,"y":79,"width":295,"height":14}},{"id":"fdc92bbb-cc99-491c-afc4-2674f9bd4808","block_type":"box","text":"Negatives (continued)","page_number":197,"box":{"x":43,"y":95,"width":173,"height":11}},{"id":"62f8c7d3-48d7-4b95-818c-fe06512c04d0","block_type":"box","text":"197","page_number":198,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"0abd6d29-dc4a-4532-9586-d1ff792cb916","block_type":"box","text":"SARASIN Cautious Managed","page_number":198,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"4ce98ab1-da63-49cb-9b15-916c5f45926c","block_type":"box","text":"Sub-fund Information","page_number":198,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"f42f9fbe-ba84-4d61-8291-3c0d8d91929b","block_type":"box","text":"Risk and Reward Profile","page_number":198,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"08849150-1934-4182-b6a9-65cb3a0cc54b","block_type":"box","text":"0","page_number":198,"box":{"x":71,"y":170,"width":8,"height":7}},{"id":"afb7b834-91cc-4c8d-a7b2-7744f801871d","block_type":"box","text":"Lower2","page_number":198,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"cc423c02-f324-4aef-92cb-40d65361461c","block_type":"box","text":"er2","page_number":198,"box":{"x":72,"y":145,"width":6,"height":7}},{"id":"d0340b4a-133c-40cf-8ad3-c9152ef6990f","block_type":"box","text":"risk","page_number":198,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"198610ef-f904-43cd-bcb5-b7da1aeed853","block_type":"box","text":"Higher","page_number":198,"box":{"x":884,"y":145,"width":42,"height":8}},{"id":"bda93ddb-bdd6-4bbf-b36e-fa463525a88e","block_type":"box","text":"risk","page_number":198,"box":{"x":930,"y":145,"width":23,"height":6}},{"id":"5551dd2e-7007-4554-a5a1-bd0a4b9bbdb7","block_type":"box","text":"Typically","page_number":198,"box":{"x":42,"y":156,"width":52,"height":8}},{"id":"1652c0b3-a17e-47f0-b052-cce4518d4682","block_type":"box","text":"lower rewards","page_number":198,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"52707fb6-a1a1-4746-8302-b5896fc4af83","block_type":"box","text":"Typically","page_number":198,"box":{"x":809,"y":156,"width":52,"height":9}},{"id":"794da4ae-be0b-4a14-ae69-479d8a88f434","block_type":"box","text":"higher rewards","page_number":198,"box":{"x":866,"y":156,"width":87,"height":9}},{"id":"bcecdaeb-10c5-4505-bf68-523d9c51522a","block_type":"box","text":"1","page_number":198,"box":{"x":107,"y":179,"width":4,"height":7}},{"id":"c2bd2be7-b2a4-4730-bad8-cdb604a2cba3","block_type":"box","text":"2","page_number":198,"box":{"x":236,"y":179,"width":6,"height":7}},{"id":"46b18235-b6a3-4c93-a931-e15f69baf226","block_type":"box","text":"3","page_number":198,"box":{"x":366,"y":179,"width":6,"height":7}},{"id":"6a2aaf89-8707-44ce-91f0-419b0a26771c","block_type":"box","text":"4","page_number":198,"box":{"x":495,"y":179,"width":7,"height":7}},{"id":"56056563-fbdd-4955-921d-6baeea319c27","block_type":"box","text":"5","page_number":198,"box":{"x":624,"y":179,"width":7,"height":7}},{"id":"13a5ae6a-7918-4f74-aeed-ff96d58a1e50","block_type":"box","text":"6","page_number":198,"box":{"x":754,"y":179,"width":6,"height":7}},{"id":"aac20d30-29de-47cd-b87f-57bbb2664cc3","block_type":"box","text":"7","page_number":198,"box":{"x":883,"y":179,"width":7,"height":7}},{"id":"60e9007e-eb7c-4773-9daa-b97aa62c62fc","block_type":"box","text":"•","page_number":198,"box":{"x":43,"y":212,"width":4,"height":3}},{"id":"d8136c98-902c-41f0-83aa-ae812f683100","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":198,"box":{"x":67,"y":209,"width":445,"height":11}},{"id":"de09ce2c-08dd-4512-944d-5cc57aa7987d","block_type":"box","text":"•","page_number":198,"box":{"x":43,"y":226,"width":4,"height":3}},{"id":"6869bfa7-6b38-4081-9f60-907a7d107e85","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":198,"box":{"x":66,"y":223,"width":498,"height":12}},{"id":"e8ed077a-79a1-4d46-9b1a-760cde2f186e","block_type":"box","text":"•","page_number":198,"box":{"x":43,"y":241,"width":4,"height":3}},{"id":"8d751456-eab3-4b50-abc4-841a8514a336","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":198,"box":{"x":66,"y":238,"width":342,"height":11}},{"id":"3ae90136-4935-4bdb-a020-2059fb470f2d","block_type":"box","text":"The Risk and Reward Indicator","page_number":198,"box":{"x":42,"y":263,"width":250,"height":8}},{"id":"49dae5b4-d402-4580-94d3-4bedd4eff4d5","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":198,"box":{"x":42,"y":277,"width":920,"height":11}},{"id":"a1cd9dda-a585-4bb5-80b4-6d5005eb7d55","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":198,"box":{"x":43,"y":291,"width":919,"height":11}},{"id":"8643c9c4-e364-4e23-a409-37c5810b2b92","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":198,"box":{"x":42,"y":305,"width":920,"height":12}},{"id":"314a9617-d1b4-4ed1-9a5e-b3292a6b6a80","block_type":"box","text":"but the greater the risk of losing money.","page_number":198,"box":{"x":43,"y":320,"width":291,"height":11}},{"id":"a083518a-e570-4fe0-ab23-3bd38c9bebb7","block_type":"box","text":"The sub-fund is ranked at 4 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":198,"box":{"x":42,"y":345,"width":920,"height":11}},{"id":"e4c21abc-cf66-412d-a3b6-25b1429a24dc","block_type":"box","text":"moderate levels of volatility historically.","page_number":198,"box":{"x":43,"y":359,"width":292,"height":11}},{"id":"a6aa3d01-7649-4be0-9f2f-2424b47a06bf","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":198,"box":{"x":42,"y":384,"width":500,"height":11}},{"id":"6fdbfd38-55b2-4ac5-b0a1-ecdc447357c6","block_type":"box","text":"Leverage risk:","page_number":198,"box":{"x":43,"y":398,"width":111,"height":11}},{"id":"ea88efae-b920-4e50-ae04-0bde4d5e45ed","block_type":"box","text":"The sub-fund has the potential for increased losses (or gains) when it borrows money to amplify its investments.","page_number":198,"box":{"x":154,"y":398,"width":808,"height":11}},{"id":"ee1497b1-1150-4fbf-b82d-df6b598be0c1","block_type":"box","text":"This means small changes in the market can have a bigger impact on the sub-fund’","page_number":198,"box":{"x":42,"y":412,"width":617,"height":12}},{"id":"69fd6bc3-4ccf-44d0-8728-2e23cf77b375","block_type":"box","text":"s value.","page_number":198,"box":{"x":660,"y":412,"width":56,"height":9}},{"id":"5f594ad0-de54-4fe5-9c65-cc6d2562a777","block_type":"box","text":"Bond risk:","page_number":198,"box":{"x":42,"y":437,"width":83,"height":9}},{"id":"9d9993bf-39bd-4816-b0f7-dc210da109d9","block_type":"box","text":"In stressed conditions bonds may become harder to sell in a timely manner, resulting in unpredictable changes","page_number":198,"box":{"x":125,"y":437,"width":837,"height":11}},{"id":"5e7500ed-0e33-4030-930a-c56640ecf608","block_type":"box","text":"in the value of your holdings.","page_number":198,"box":{"x":43,"y":451,"width":211,"height":12}},{"id":"d71a338c-3ffb-4dd1-9ed2-a2a170dac017","block_type":"box","text":"Concentration risk:","page_number":198,"box":{"x":43,"y":477,"width":154,"height":8}},{"id":"e102ed75-8a72-469e-8db8-4a7191b31164","block_type":"box","text":"The sub-fund holds a small number of investments, and therefore a decline in the value of a single","page_number":198,"box":{"x":197,"y":476,"width":765,"height":12}},{"id":"e0376ebc-e0b4-45a8-ba1e-3c5b4908e71b","block_type":"box","text":"investment may have a greater impact than if it held a larger number of investments.","page_number":198,"box":{"x":43,"y":491,"width":623,"height":11}},{"id":"0f3605ef-82af-44ab-a398-67822622df44","block_type":"box","text":"Emerging markets risk:","page_number":198,"box":{"x":43,"y":516,"width":190,"height":11}},{"id":"1092ad18-7470-4bda-b568-b06229cbc6d7","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":198,"box":{"x":233,"y":516,"width":729,"height":11}},{"id":"38ff9e25-0c20-4569-bf54-0a96fb8ae422","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":198,"box":{"x":43,"y":530,"width":919,"height":11}},{"id":"91146aca-cb2e-4b39-9ee1-9f9fdc9ea01e","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":198,"box":{"x":42,"y":544,"width":777,"height":11}},{"id":"81087e62-20e9-4969-be97-053c1652cfec","block_type":"box","text":"Alternatives risk:","page_number":198,"box":{"x":42,"y":569,"width":137,"height":9}},{"id":"f8c2ce36-a717-4f9e-872c-d6182068f962","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":198,"box":{"x":179,"y":569,"width":783,"height":11}},{"id":"c2319eac-3ad6-47b8-a4c9-4872034637bf","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":198,"box":{"x":42,"y":583,"width":920,"height":12}},{"id":"bf61b224-15ec-463a-8517-d7c63fe5a6a0","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":198,"box":{"x":42,"y":598,"width":853,"height":11}},{"id":"53d8547f-e56e-4e17-a5bc-e5e5f5748523","block_type":"box","text":"Exchange Traded Funds (ETFs) risk:","page_number":198,"box":{"x":43,"y":623,"width":288,"height":11}},{"id":"c8d45c2f-fd96-4a0e-823b-9bd91e2859ad","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":198,"box":{"x":331,"y":623,"width":631,"height":11}},{"id":"f6b6b545-3cb3-4f28-8f61-39e3179e4ab8","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":198,"box":{"x":42,"y":637,"width":473,"height":11}},{"id":"20f86206-1c36-4ddb-bfe3-95484a015170","block_type":"box","text":"Operational risk:","page_number":198,"box":{"x":43,"y":662,"width":133,"height":11}},{"id":"6c8d2c56-6740-446a-a31a-f4b515ceee04","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":198,"box":{"x":176,"y":662,"width":786,"height":11}},{"id":"62182585-0345-4d3a-a71c-f862fbe1db1a","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":198,"box":{"x":43,"y":676,"width":894,"height":11}},{"id":"d1b44b6a-c304-4901-9e1e-bb91e60ba88a","block_type":"box","text":"Counterparty and settlement risk:","page_number":198,"box":{"x":43,"y":701,"width":269,"height":11}},{"id":"d396d9e5-a418-47e1-8f09-f36c938eb980","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":198,"box":{"x":317,"y":701,"width":640,"height":11}},{"id":"59e0c562-f542-4c9d-9610-03d8d2ba66fb","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":198,"box":{"x":43,"y":715,"width":423,"height":11}},{"id":"ad9f4f13-1b00-4483-91e2-4504edb6b7e9","block_type":"box","text":"Charges deducted from capital:","page_number":198,"box":{"x":43,"y":740,"width":248,"height":11}},{"id":"00daefad-8720-42ee-b5e1-ba2b20654fff","block_type":"box","text":"The sub-fund has charges deducted from capital. This may reduce the potential for growth.","page_number":198,"box":{"x":295,"y":740,"width":661,"height":11}},{"id":"001fd51f-bcb5-41b2-9211-f87223a4baeb","block_type":"box","text":"198","page_number":199,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"c075a187-04c5-4309-9c94-78815d005f53","block_type":"box","text":"199","page_number":199,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"cd638176-667f-42a3-8240-ceac5945fe15","block_type":"box","text":"SARASIN Cautious Managed","page_number":199,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"214d17d3-4211-4a3d-af02-df1e2f8d06ae","block_type":"box","text":"Portfolio Statement","page_number":199,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"54a8a812-208e-4f7c-8dd6-d89cde91243a","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":199,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"1777f111-e350-49ce-8305-efa641be3358","block_type":"box","text":"Holding/Nominal Value","page_number":199,"box":{"x":51,"y":147,"width":144,"height":9}},{"id":"56b7c578-7365-475f-8235-f86574bc2d54","block_type":"box","text":"Investment","page_number":199,"box":{"x":230,"y":147,"width":69,"height":7}},{"id":"aa5603f5-cb2a-4403-83a0-b6fff1109953","block_type":"box","text":"Market","page_number":199,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"d6ad5625-840d-41d1-b47c-b81d324fd011","block_type":"box","text":"Value","page_number":199,"box":{"x":765,"y":136,"width":34,"height":7}},{"id":"d06ab6ae-d0ba-4386-b8fd-e39a9a754595","block_type":"box","text":"£","page_number":199,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"0353cdd2-3843-4579-90a1-3829e2b4e383","block_type":"box","text":"% of","page_number":199,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"7c51edc3-3d57-4093-92fc-947678a594f0","block_type":"box","text":"Net Assets","page_number":199,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"826613af-8102-40be-96fa-8e735a5d642e","block_type":"box","text":"Digitalisation","page_number":199,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"53e1b203-913b-4a20-bb29-655c3b5180a8","block_type":"box","text":"2.42% (31 December 2025 - 2.75%)","page_number":199,"box":{"x":147,"y":179,"width":277,"height":11}},{"id":"ac43b63e-841d-42f2-a65b-e212645c3e5d","block_type":"box","text":"738","page_number":199,"box":{"x":168,"y":198,"width":27,"height":9}},{"id":"70d2782c-e64c-4c26-b86a-4fec1caa5380","block_type":"box","text":"Alphabet 'A'","page_number":199,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"223c952a-2cac-4e26-8f6c-1b5c9c1ec558","block_type":"box","text":"198,629","page_number":199,"box":{"x":741,"y":198,"width":58,"height":10}},{"id":"396c6a39-eea7-4f30-81de-9f9059c8caf7","block_type":"box","text":"0.39","page_number":199,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"d62d957d-79d8-4c22-94e2-f05a841aae5f","block_type":"box","text":"969","page_number":199,"box":{"x":168,"y":213,"width":27,"height":9}},{"id":"b89a75d1-336e-49ac-a32e-e1df855e8462","block_type":"box","text":"Amazon.com","page_number":199,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"ea9381be-c6f2-4e96-a997-9697d42a8d62","block_type":"box","text":"175,744","page_number":199,"box":{"x":741,"y":213,"width":58,"height":10}},{"id":"ab5ad273-2f21-47e2-b421-ddc5ebfc8df2","block_type":"box","text":"0.35","page_number":199,"box":{"x":925,"y":213,"width":32,"height":9}},{"id":"492c8bd5-13df-4c5f-9eb4-4dbbf22b5b06","block_type":"box","text":"568","page_number":199,"box":{"x":168,"y":229,"width":27,"height":8}},{"id":"fc39b0ff-0b69-493f-a42d-6941691f1453","block_type":"box","text":"Apple","page_number":199,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"5abf1082-c5c4-4b74-992e-5caa0f146969","block_type":"box","text":"131,034","page_number":199,"box":{"x":741,"y":229,"width":58,"height":10}},{"id":"bd5ec717-ae7d-47d6-ad08-1e61ab5f327c","block_type":"box","text":"0.26","page_number":199,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"1e46a9c1-3c51-40af-ac72-f72e21109d50","block_type":"box","text":"100","page_number":199,"box":{"x":169,"y":244,"width":26,"height":9}},{"id":"079b1367-dbc4-4de4-9053-01d8047c3200","block_type":"box","text":"Disco","page_number":199,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"9aa44e21-11e7-4617-a16a-066dddd00b1b","block_type":"box","text":"35,551","page_number":199,"box":{"x":749,"y":244,"width":48,"height":10}},{"id":"b3c8d0d8-3764-4422-ba33-39ebbcfc8803","block_type":"box","text":"0.07","page_number":199,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"687a2ad8-db26-43d6-9bc0-119c51e27c16","block_type":"box","text":"400","page_number":199,"box":{"x":168,"y":259,"width":27,"height":9}},{"id":"632b9a5f-393c-45c6-8dd8-3d106dbee32d","block_type":"box","text":"Hoya","page_number":199,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"05ff6876-cbd5-41f7-8503-f663ca22ccc1","block_type":"box","text":"48,126","page_number":199,"box":{"x":749,"y":259,"width":50,"height":11}},{"id":"cc035df6-8090-469b-971c-ea49b4da5b17","block_type":"box","text":"0.09","page_number":199,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"d9e197f6-5e9b-4e45-92c5-037205c9fc16","block_type":"box","text":"418","page_number":199,"box":{"x":168,"y":275,"width":27,"height":8}},{"id":"d64c8e64-879e-4824-a789-766a25afd7ec","block_type":"box","text":"London Stock Exchange Group","page_number":199,"box":{"x":230,"y":274,"width":231,"height":12}},{"id":"a5a99581-cefb-44a8-9b4b-5fc67f5c253d","block_type":"box","text":"36,224","page_number":199,"box":{"x":749,"y":275,"width":50,"height":10}},{"id":"5b4e4daa-5d7a-4d62-8ece-9859ff45769a","block_type":"box","text":"0.07","page_number":199,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"9e5d568e-196e-4bd7-b4e5-b57c8306a82b","block_type":"box","text":"298","page_number":199,"box":{"x":168,"y":290,"width":27,"height":9}},{"id":"5a2c8484-ace2-4612-bc25-80588dece1ae","block_type":"box","text":"Mastercard 'A'","page_number":199,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"de2e94d0-f12d-434a-97e7-056b688ff891","block_type":"box","text":"120,311","page_number":199,"box":{"x":742,"y":290,"width":55,"height":10}},{"id":"3630bb55-3470-49bf-835c-27d9306104da","block_type":"box","text":"0.24","page_number":199,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"48f7b184-f52a-41ed-80b9-8c25e94b9053","block_type":"box","text":"143","page_number":199,"box":{"x":169,"y":305,"width":26,"height":9}},{"id":"cbf09aa2-21c9-4241-97e4-5de4e1014a3c","block_type":"box","text":"Meta Platforms 'A'","page_number":199,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"da95edca-a692-46f3-8dfe-108544bb6d28","block_type":"box","text":"62,376","page_number":199,"box":{"x":749,"y":305,"width":50,"height":11}},{"id":"334b8051-9755-4b3b-81bd-01023d6bfc8e","block_type":"box","text":"0.12","page_number":199,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"2e82b5b8-f074-4ca2-88bd-796f68531cfc","block_type":"box","text":"550","page_number":199,"box":{"x":168,"y":321,"width":27,"height":8}},{"id":"db9cd1eb-cb3b-459b-9221-615a137b1396","block_type":"box","text":"Microsoft","page_number":199,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"eaae3916-3b17-4103-9b57-da8bd60c6541","block_type":"box","text":"160,427","page_number":199,"box":{"x":741,"y":321,"width":58,"height":10}},{"id":"f7f234c8-d82d-48be-bc3a-ee055847694c","block_type":"box","text":"0.32","page_number":199,"box":{"x":925,"y":321,"width":31,"height":9}},{"id":"3748e020-23e3-42fd-bc9d-e12eb4ebe197","block_type":"box","text":"94","page_number":199,"box":{"x":177,"y":336,"width":18,"height":9}},{"id":"8c031c89-e36e-4687-8fb1-9e79f4d422f7","block_type":"box","text":"Moody's","page_number":199,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"bd3a7d19-90d2-4525-a3b0-fa3ce9eec313","block_type":"box","text":"34,491","page_number":199,"box":{"x":749,"y":336,"width":48,"height":10}},{"id":"986a6efb-5962-4f24-8a92-9426408a0337","block_type":"box","text":"0.07","page_number":199,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"211eff11-352b-4cd7-ab05-754d7c0ff1fd","block_type":"box","text":"1,295","page_number":199,"box":{"x":155,"y":351,"width":40,"height":11}},{"id":"b417ced4-c9fd-4754-a093-eeb102092420","block_type":"box","text":"Netflix","page_number":199,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"e8976f77-4eff-4751-90e2-25f5199e47cd","block_type":"box","text":"75,223","page_number":199,"box":{"x":749,"y":351,"width":50,"height":11}},{"id":"29c4807c-2d54-43c3-b567-036cd4389e1a","block_type":"box","text":"0.15","page_number":199,"box":{"x":925,"y":352,"width":32,"height":8}},{"id":"3beeb4ea-d20c-4cc1-ae27-1fb861517c98","block_type":"box","text":"1,800","page_number":199,"box":{"x":155,"y":367,"width":40,"height":10}},{"id":"db1de2e9-9f09-4896-827e-7929bde379da","block_type":"box","text":"Tencent Holdings","page_number":199,"box":{"x":229,"y":367,"width":128,"height":11}},{"id":"b7cf7481-3914-4956-873c-f5b327180403","block_type":"box","text":"74,084","page_number":199,"box":{"x":749,"y":367,"width":50,"height":10}},{"id":"94ad0695-232f-4b45-a65f-117285c2d46b","block_type":"box","text":"0.15","page_number":199,"box":{"x":925,"y":367,"width":32,"height":9}},{"id":"1f0f7560-cdde-4718-8cd0-94734d45fbca","block_type":"box","text":"1,277","page_number":199,"box":{"x":155,"y":382,"width":40,"height":10}},{"id":"01285b14-e2f1-4347-9376-74dbb2d3162d","block_type":"box","text":"Uber Technologies","page_number":199,"box":{"x":230,"y":382,"width":137,"height":11}},{"id":"a113c78b-41ff-41de-a26b-037cba95384d","block_type":"box","text":"71,147","page_number":199,"box":{"x":749,"y":382,"width":50,"height":10}},{"id":"2738e505-a2af-4f7a-935f-f3247f0ecb99","block_type":"box","text":"0.14","page_number":199,"box":{"x":925,"y":382,"width":31,"height":9}},{"id":"e18dddd5-6c7e-4c63-88c3-6da92b402154","block_type":"box","text":"1,223,367","page_number":199,"box":{"x":727,"y":400,"width":72,"height":11}},{"id":"3dd9f280-7887-4891-8e8d-545c9ca319f6","block_type":"box","text":"2.42","page_number":199,"box":{"x":925,"y":400,"width":31,"height":9}},{"id":"4296ef58-b392-45f3-b99f-1892fd28f549","block_type":"box","text":"Automation","page_number":199,"box":{"x":42,"y":431,"width":92,"height":9}},{"id":"3b76c6e2-dcb4-4303-9b2e-921855fd8de7","block_type":"box","text":"2.05% (31 December 2025 - 1.56%)","page_number":199,"box":{"x":135,"y":431,"width":276,"height":11}},{"id":"de977c1b-9c7b-4825-b73d-d9965926d74d","block_type":"box","text":"156","page_number":199,"box":{"x":169,"y":450,"width":26,"height":9}},{"id":"02e88435-071b-43df-ae21-d4554e733881","block_type":"box","text":"ASML Holding","page_number":199,"box":{"x":229,"y":450,"width":105,"height":11}},{"id":"fede085c-2246-4393-8ecb-a1bb0f49c4cc","block_type":"box","text":"218,386","page_number":199,"box":{"x":740,"y":450,"width":59,"height":10}},{"id":"6086623d-a541-479f-9e91-c508775f7241","block_type":"box","text":"0.43","page_number":199,"box":{"x":925,"y":450,"width":31,"height":9}},{"id":"79373548-e149-407d-af35-c88a19b2bc91","block_type":"box","text":"513","page_number":199,"box":{"x":168,"y":465,"width":27,"height":9}},{"id":"a611fdde-22e2-4990-bbcb-de803951a77b","block_type":"box","text":"Broadcom","page_number":199,"box":{"x":230,"y":465,"width":74,"height":9}},{"id":"0a52264b-d442-4f8e-9737-0409bb3b94f0","block_type":"box","text":"138,325","page_number":199,"box":{"x":741,"y":465,"width":58,"height":10}},{"id":"293ffe7a-7871-46d8-8fd6-98113d301568","block_type":"box","text":"0.28","page_number":199,"box":{"x":925,"y":465,"width":31,"height":9}},{"id":"4a9cf4c1-49d1-4ec8-9398-4f31629ded6a","block_type":"box","text":"823","page_number":199,"box":{"x":168,"y":480,"width":27,"height":9}},{"id":"2b9af22e-ba71-44db-bca9-fd7c25b7ae8d","block_type":"box","text":"Emerson Electric","page_number":199,"box":{"x":230,"y":481,"width":125,"height":8}},{"id":"211d5dfc-2f5a-4e01-a94b-fe28ddaf2c39","block_type":"box","text":"85,630","page_number":199,"box":{"x":749,"y":480,"width":50,"height":11}},{"id":"6e03bbdc-a57b-4e22-8c45-e1d30965df00","block_type":"box","text":"0.17","page_number":199,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"76ecec3c-81f3-4a14-8c89-23c7e78e53c0","block_type":"box","text":"877","page_number":199,"box":{"x":168,"y":496,"width":27,"height":9}},{"id":"adcb12a3-34da-47db-a2e8-d9034acae6e3","block_type":"box","text":"Infineon Technologies","page_number":199,"box":{"x":230,"y":496,"width":160,"height":11}},{"id":"370e1d8c-f8c2-4bea-a795-6ff45f848ddb","block_type":"box","text":"58,201","page_number":199,"box":{"x":749,"y":496,"width":48,"height":10}},{"id":"bf8e3d0b-8ae7-4560-9509-7c7e55c91a56","block_type":"box","text":"0.12","page_number":199,"box":{"x":925,"y":496,"width":31,"height":9}},{"id":"f8e2e1b3-19e9-460e-ba8f-49e50c25b2f6","block_type":"box","text":"100","page_number":199,"box":{"x":169,"y":511,"width":26,"height":9}},{"id":"1dbb9a27-7468-4258-b00b-34d85e9970e0","block_type":"box","text":"Keyence","page_number":199,"box":{"x":230,"y":511,"width":63,"height":11}},{"id":"e4ca9f7d-42b8-4a28-9dec-a9fe11deac59","block_type":"box","text":"37,087","page_number":199,"box":{"x":749,"y":511,"width":50,"height":11}},{"id":"cec9a5c8-b07a-410e-b2a0-830a27581a62","block_type":"box","text":"0.07","page_number":199,"box":{"x":925,"y":511,"width":31,"height":9}},{"id":"96bcb1af-034e-43e0-9943-e73411d39f9b","block_type":"box","text":"2,129","page_number":199,"box":{"x":154,"y":527,"width":41,"height":10}},{"id":"859c809c-11dd-46a7-8ba8-8c68dd4e232e","block_type":"box","text":"NVIDIA","page_number":199,"box":{"x":230,"y":527,"width":55,"height":8}},{"id":"d97e81ee-105d-4917-92ec-4c0fe3ae2449","block_type":"box","text":"309,990","page_number":199,"box":{"x":740,"y":527,"width":59,"height":10}},{"id":"7af34569-16be-4cba-8a14-cc7d5ad683a3","block_type":"box","text":"0.61","page_number":199,"box":{"x":925,"y":527,"width":29,"height":8}},{"id":"d6dc6e2e-b37f-464c-aae0-14d55685aad2","block_type":"box","text":"301","page_number":199,"box":{"x":168,"y":542,"width":24,"height":9}},{"id":"493ac631-817b-4b3c-a220-aa6abb379d16","block_type":"box","text":"Schneider Electric","page_number":199,"box":{"x":229,"y":542,"width":135,"height":9}},{"id":"fe7cc87a-9ec5-4141-87f2-e81f132b3f0b","block_type":"box","text":"72,223","page_number":199,"box":{"x":749,"y":542,"width":50,"height":10}},{"id":"8504cd8d-6cad-4a7b-9814-2509578687aa","block_type":"box","text":"0.14","page_number":199,"box":{"x":925,"y":542,"width":31,"height":9}},{"id":"375eba28-ba9d-4ac8-92c4-f34adc0419ce","block_type":"box","text":"245","page_number":199,"box":{"x":168,"y":557,"width":27,"height":9}},{"id":"53334e7c-645d-4cf8-99bc-227639ba7e76","block_type":"box","text":"Siemens","page_number":199,"box":{"x":229,"y":557,"width":64,"height":9}},{"id":"a01b4176-ce31-4fdf-be2b-d476ed0c21f1","block_type":"box","text":"59,626","page_number":199,"box":{"x":749,"y":557,"width":50,"height":11}},{"id":"4d817ff3-d2cb-4407-9312-d9f1eacf254f","block_type":"box","text":"0.12","page_number":199,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"0718de07-6204-4f66-bce6-6bf453f23993","block_type":"box","text":"171","page_number":199,"box":{"x":169,"y":573,"width":23,"height":8}},{"id":"1858af85-5c94-48dd-9470-91ef3652890f","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":199,"box":{"x":229,"y":573,"width":395,"height":11}},{"id":"e8678319-9ac7-41ae-b762-7af809164cbc","block_type":"box","text":"55,629","page_number":199,"box":{"x":749,"y":573,"width":50,"height":10}},{"id":"7919b3fd-6bd1-4c51-ae9f-fbed88b7f3e1","block_type":"box","text":"0.11","page_number":199,"box":{"x":926,"y":573,"width":28,"height":8}},{"id":"f51fe14a-8c42-4df0-ab8f-3402286345e6","block_type":"box","text":"1,035,097","page_number":199,"box":{"x":727,"y":591,"width":72,"height":10}},{"id":"a8617b21-19d4-42ff-a788-abdf0602d2be","block_type":"box","text":"2.05","page_number":199,"box":{"x":925,"y":591,"width":32,"height":8}},{"id":"2fb991f0-ea67-4c0e-8f2e-fa6c6f33f60e","block_type":"box","text":"Ageing","page_number":199,"box":{"x":42,"y":622,"width":56,"height":11}},{"id":"a5162f14-997c-49f4-81f6-4927c8baf3de","block_type":"box","text":"0.67% (31 December 2025 - 0.46%)","page_number":199,"box":{"x":99,"y":622,"width":276,"height":11}},{"id":"3f4a351f-008c-45e3-973e-9394b4b80357","block_type":"box","text":"337","page_number":199,"box":{"x":168,"y":640,"width":27,"height":9}},{"id":"eee90d76-f9d4-42e9-a526-eedfd3132c68","block_type":"box","text":"Amgen","page_number":199,"box":{"x":229,"y":640,"width":52,"height":11}},{"id":"d60b1281-a003-4a0f-b109-4339f53a6b78","block_type":"box","text":"94,327","page_number":199,"box":{"x":749,"y":640,"width":50,"height":11}},{"id":"d0bb85a3-bdd9-4192-ab19-e5ba48ea9832","block_type":"box","text":"0.19","page_number":199,"box":{"x":925,"y":640,"width":31,"height":9}},{"id":"f9e526ae-eda7-46b4-99e4-d7c7a23fbb67","block_type":"box","text":"113","page_number":199,"box":{"x":171,"y":656,"width":24,"height":8}},{"id":"affe0cca-45a7-4797-bf7e-cf9fdf1da6ff","block_type":"box","text":"BlackRock","page_number":199,"box":{"x":230,"y":656,"width":78,"height":8}},{"id":"686b2236-df02-435b-970a-9edd48fc07c4","block_type":"box","text":"84,118","page_number":199,"box":{"x":751,"y":656,"width":48,"height":10}},{"id":"811bc1f7-910f-4c3c-9a99-1d8f2b053dbd","block_type":"box","text":"0.16","page_number":199,"box":{"x":925,"y":656,"width":31,"height":8}},{"id":"48579017-a404-485f-aa53-075a44459046","block_type":"box","text":"99","page_number":199,"box":{"x":177,"y":671,"width":18,"height":9}},{"id":"c26d860f-67e3-4977-be15-d17124d0a6be","block_type":"box","text":"Eli Lilly & Company","page_number":199,"box":{"x":230,"y":671,"width":143,"height":11}},{"id":"0fb68a60-12f3-4ade-a746-86563642fe2c","block_type":"box","text":"89,716","page_number":199,"box":{"x":749,"y":671,"width":50,"height":10}},{"id":"4e1959b5-943a-4aae-9f07-f380c7dce4a7","block_type":"box","text":"0.18","page_number":199,"box":{"x":925,"y":671,"width":31,"height":9}},{"id":"699354af-13e9-4cc2-93c4-bacc875b05be","block_type":"box","text":"177","page_number":199,"box":{"x":169,"y":686,"width":26,"height":9}},{"id":"a3971c3e-bd8d-4abc-a4e2-ddac03f5b38d","block_type":"box","text":"Thermo Fisher Scientific","page_number":199,"box":{"x":229,"y":686,"width":181,"height":9}},{"id":"e2633694-8fa7-4005-ba96-67ba0ec68267","block_type":"box","text":"69,322","page_number":199,"box":{"x":749,"y":686,"width":50,"height":11}},{"id":"4222f737-9455-4784-8ad8-a00be8c6fbe1","block_type":"box","text":"0.14","page_number":199,"box":{"x":925,"y":687,"width":31,"height":8}},{"id":"ab0c0b59-5fc7-4a39-a258-87e5c3c11064","block_type":"box","text":"337,483","page_number":199,"box":{"x":740,"y":704,"width":59,"height":11}},{"id":"bb9827b8-2f98-41b7-88ec-43ecf2709989","block_type":"box","text":"0.67","page_number":199,"box":{"x":925,"y":704,"width":31,"height":9}},{"id":"15e010cb-4c58-4467-bd4e-f63e75f95d7c","block_type":"box","text":"Evolving Consumption","page_number":199,"box":{"x":43,"y":735,"width":181,"height":11}},{"id":"0f84b756-23e4-4a2c-b0ba-59a2a637f677","block_type":"box","text":"0.86% (31 December 2025 - 1.32%)","page_number":199,"box":{"x":230,"y":735,"width":271,"height":11}},{"id":"96ccf9ee-b7d5-44a9-8dbc-ffc9b27604e2","block_type":"box","text":"1,319","page_number":199,"box":{"x":155,"y":754,"width":40,"height":10}},{"id":"524a7371-109b-40c7-8891-3da5747e0cec","block_type":"box","text":"Colgate-Palmolive","page_number":199,"box":{"x":230,"y":754,"width":134,"height":11}},{"id":"108afb41-cc64-403f-b6d9-229db8170708","block_type":"box","text":"93,898","page_number":199,"box":{"x":749,"y":754,"width":50,"height":10}},{"id":"34c67276-8ceb-4c2a-aaa4-db1ded2112ed","block_type":"box","text":"0.18","page_number":199,"box":{"x":925,"y":754,"width":31,"height":9}},{"id":"a0b57579-b577-4a22-952c-63c0dc52ce95","block_type":"box","text":"1,459","page_number":199,"box":{"x":155,"y":769,"width":40,"height":11}},{"id":"e37fbe14-f0bb-4059-bed4-47627308e27c","block_type":"box","text":"Compass Group","page_number":199,"box":{"x":230,"y":769,"width":120,"height":11}},{"id":"d05c496e-6aa2-43f2-94ca-28396749150c","block_type":"box","text":"35,728","page_number":199,"box":{"x":749,"y":769,"width":50,"height":11}},{"id":"5a984e76-337b-43da-b49b-52faac673d89","block_type":"box","text":"0.07","page_number":199,"box":{"x":925,"y":769,"width":31,"height":9}},{"id":"cbe904f2-dd60-46ab-8441-9f98d99c434f","block_type":"box","text":"138","page_number":199,"box":{"x":169,"y":785,"width":26,"height":9}},{"id":"b2ec25ad-8033-4d20-8485-9e623004ddcf","block_type":"box","text":"Costco Wholesale","page_number":199,"box":{"x":230,"y":785,"width":133,"height":9}},{"id":"1b876878-a321-4c6f-a72c-f1393a0e0c18","block_type":"box","text":"98,250","page_number":199,"box":{"x":749,"y":785,"width":50,"height":10}},{"id":"eb579409-b733-41ca-846a-eb695c5f27f9","block_type":"box","text":"0.19","page_number":199,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"995b7f18-0d8c-4ba0-b2bb-bd54ba2ad09d","block_type":"box","text":"202","page_number":199,"box":{"x":168,"y":800,"width":27,"height":9}},{"id":"989f4c70-621f-4893-9bbe-2e12b523d45b","block_type":"box","text":"EssilorLuxottica","page_number":199,"box":{"x":230,"y":800,"width":116,"height":9}},{"id":"bbc93224-f125-4e40-88bd-0a41a1da8931","block_type":"box","text":"29,797","page_number":199,"box":{"x":749,"y":800,"width":50,"height":10}},{"id":"648e2eb9-cdb3-484e-ac64-325d7bd7002a","block_type":"box","text":"0.06","page_number":199,"box":{"x":925,"y":800,"width":31,"height":9}},{"id":"06c43511-c6cf-4c5b-9712-8089bbe4b552","block_type":"box","text":"280","page_number":199,"box":{"x":168,"y":815,"width":27,"height":9}},{"id":"11e408a2-3263-4535-88b5-25131b849d2d","block_type":"box","text":"Home Depot","page_number":199,"box":{"x":230,"y":815,"width":93,"height":11}},{"id":"425a82d4-37c0-4039-a74f-42daa75fab30","block_type":"box","text":"75,000","page_number":199,"box":{"x":749,"y":815,"width":50,"height":11}},{"id":"76e805a4-9dcf-4180-8d6c-ae7b207183b8","block_type":"box","text":"0.15","page_number":199,"box":{"x":925,"y":816,"width":32,"height":8}},{"id":"5a7c01f4-151e-4ac6-8a17-fe1d8bd1707f","block_type":"box","text":"213","page_number":199,"box":{"x":168,"y":831,"width":27,"height":9}},{"id":"6ba00cee-410d-4f4f-8169-7db0af3499ea","block_type":"box","text":"L'Oreal","page_number":199,"box":{"x":230,"y":831,"width":51,"height":9}},{"id":"6540af5b-30dc-47e5-a689-9e9dbbe7ab2c","block_type":"box","text":"69,765","page_number":199,"box":{"x":749,"y":831,"width":50,"height":10}},{"id":"edccdbbf-d0cb-4a40-ac20-5c7525e9dabe","block_type":"box","text":"0.14","page_number":199,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"ec156ad9-5796-4a16-be55-da64245a3bda","block_type":"box","text":"83","page_number":199,"box":{"x":177,"y":846,"width":18,"height":9}},{"id":"358331bf-4045-429d-a87e-6705265f5bb7","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":199,"box":{"x":230,"y":846,"width":265,"height":11}},{"id":"534ba628-cc17-4ef1-bb05-7e33edde6445","block_type":"box","text":"35,245","page_number":199,"box":{"x":749,"y":846,"width":50,"height":11}},{"id":"8dbb87b5-ba52-4ee1-97bd-2c14bc3d8724","block_type":"box","text":"0.07","page_number":199,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"8d23198e-915c-436e-ac8e-5835045f2626","block_type":"box","text":"437,683","page_number":199,"box":{"x":740,"y":864,"width":59,"height":11}},{"id":"648c480d-4bc7-4609-8556-47b800e46611","block_type":"box","text":"0.86","page_number":199,"box":{"x":925,"y":864,"width":32,"height":9}},{"id":"60f37092-f72b-4374-b124-24e1cc539803","block_type":"box","text":"Security","page_number":199,"box":{"x":42,"y":895,"width":66,"height":11}},{"id":"5c5b8f05-7f82-4d77-b296-88c1def9c09b","block_type":"box","text":"1.40% (31 December 2025 - 1.31%)","page_number":199,"box":{"x":108,"y":895,"width":276,"height":11}},{"id":"a4d3ae14-0d14-4753-b61f-d462684c2732","block_type":"box","text":"3,792","page_number":199,"box":{"x":154,"y":914,"width":41,"height":10}},{"id":"5213891d-7aa1-45f9-b485-50c0a5048cbb","block_type":"box","text":"Bank of Ireland Group","page_number":199,"box":{"x":230,"y":914,"width":162,"height":11}},{"id":"967eaf37-3c1c-42b5-9a3f-f1276b9d9ea3","block_type":"box","text":"56,213","page_number":199,"box":{"x":749,"y":914,"width":50,"height":10}},{"id":"ec9df4d1-667a-43b5-be5b-1673ad3027fa","block_type":"box","text":"0.11","page_number":199,"box":{"x":926,"y":914,"width":28,"height":9}},{"id":"ae1df5da-3904-4451-8fc9-40a8bcd22077","block_type":"box","text":"4,382","page_number":199,"box":{"x":154,"y":929,"width":41,"height":11}},{"id":"1c1a58ae-be7e-4d4a-8abd-6d4120174c25","block_type":"box","text":"BHP Group","page_number":199,"box":{"x":230,"y":929,"width":84,"height":11}},{"id":"1a50e0db-fa3e-4498-8ea0-36598f021429","block_type":"box","text":"137,651","page_number":199,"box":{"x":741,"y":929,"width":56,"height":11}},{"id":"e3c56a52-6d51-45d1-be56-aaef2d526aec","block_type":"box","text":"0.27","page_number":199,"box":{"x":925,"y":929,"width":31,"height":9}},{"id":"899373b0-f275-4d90-9563-b2f72caeb540","block_type":"box","text":"199","page_number":200,"box":{"x":487,"y":972,"width":26,"height":8}},{"id":"55f25dae-4ce4-4ec3-943e-41b2a4171439","block_type":"box","text":"SARASIN Cautious Managed","page_number":200,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"45f84f7e-ecc7-4343-94c4-c4503439eb72","block_type":"box","text":"Portfolio Statement (continued)","page_number":200,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"145ee22d-5215-44c4-8f4e-580fefb03448","block_type":"box","text":"Holding/Nominal Value","page_number":200,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"1e75e9ed-78c6-46b2-b7b5-174114336d7f","block_type":"box","text":"Investment","page_number":200,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"b100727b-7df7-4252-84fa-3abc6b499d78","block_type":"box","text":"Market","page_number":200,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"bb71c047-2887-4cc2-8aaf-558c4e774ea1","block_type":"box","text":"Value","page_number":200,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"0b3cdec9-70fd-4d2f-890e-cd0d6a3cc6cb","block_type":"box","text":"£","page_number":200,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"65deffa5-7662-4cfe-b277-56e2e5def040","block_type":"box","text":"% of","page_number":200,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"acee6539-88a5-4c9c-bed2-a00f2d56d74f","block_type":"box","text":"Net Assets","page_number":200,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"51a233ce-d10f-4153-9c63-a626586709aa","block_type":"box","text":"Security (continued)","page_number":200,"box":{"x":42,"y":164,"width":161,"height":11}},{"id":"8e73db51-c756-416f-b6a9-c8c51566e6e7","block_type":"box","text":"1,320","page_number":200,"box":{"x":155,"y":183,"width":40,"height":10}},{"id":"fb0b5e8a-a2d7-4c32-a62c-c0efb99cfe72","block_type":"box","text":"Citigroup","page_number":200,"box":{"x":230,"y":183,"width":65,"height":11}},{"id":"1e617453-8112-46b5-b219-4da3183cdb6d","block_type":"box","text":"138,280","page_number":200,"box":{"x":741,"y":183,"width":58,"height":10}},{"id":"aecaf12a-70c6-4aee-92c0-aa038907d03a","block_type":"box","text":"0.27","page_number":200,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"6e038ec1-7cf4-44b2-a623-975e042bde4d","block_type":"box","text":"435","page_number":200,"box":{"x":168,"y":198,"width":27,"height":9}},{"id":"67967dbb-5bdb-4950-95a5-802efe69d34b","block_type":"box","text":"CME Group","page_number":200,"box":{"x":230,"y":198,"width":87,"height":11}},{"id":"9b1d484d-fdd4-48a8-b2c0-3eb6026273c8","block_type":"box","text":"77,035","page_number":200,"box":{"x":749,"y":198,"width":50,"height":11}},{"id":"82cbe751-d94b-4d93-9e80-f681c4c566e1","block_type":"box","text":"0.15","page_number":200,"box":{"x":925,"y":198,"width":32,"height":9}},{"id":"305841bb-4732-46d4-bc54-0fba5d0d0736","block_type":"box","text":"2,600","page_number":200,"box":{"x":154,"y":214,"width":41,"height":10}},{"id":"b2334753-64d9-4f50-8d67-017749ef7834","block_type":"box","text":"DBS Group","page_number":200,"box":{"x":230,"y":213,"width":84,"height":12}},{"id":"586a98b2-c5d2-41ff-b3db-8bc5d590848c","block_type":"box","text":"100,379","page_number":200,"box":{"x":741,"y":214,"width":58,"height":10}},{"id":"3e04d2a1-13ea-4500-a215-59f5b0bb64ea","block_type":"box","text":"0.20","page_number":200,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"4a6e8d33-3217-4767-9022-9a5de00fb2fe","block_type":"box","text":"82","page_number":200,"box":{"x":177,"y":229,"width":18,"height":9}},{"id":"97d1c567-a99b-4500-8564-2cfaa64a742e","block_type":"box","text":"Deere & Company","page_number":200,"box":{"x":230,"y":229,"width":137,"height":11}},{"id":"0020e3fb-d197-45a4-b4d3-34947ec021df","block_type":"box","text":"38,116","page_number":200,"box":{"x":751,"y":229,"width":48,"height":10}},{"id":"1af30535-08fc-43bf-aa57-28d8e9a58a12","block_type":"box","text":"0.08","page_number":200,"box":{"x":925,"y":229,"width":31,"height":9}},{"id":"82328f4a-413b-4ec9-9cbf-a592aa7a0c14","block_type":"box","text":"418","page_number":200,"box":{"x":168,"y":244,"width":27,"height":9}},{"id":"9f8e54ff-9c70-4c71-ba0d-83f150d8171e","block_type":"box","text":"JPMorgan Chase & Company","page_number":200,"box":{"x":229,"y":244,"width":222,"height":11}},{"id":"be46fd58-53ab-40f4-9f0e-f95bd4e4df06","block_type":"box","text":"104,582","page_number":200,"box":{"x":741,"y":244,"width":58,"height":11}},{"id":"88fe8980-63ae-4b6f-9844-6644ef057fc2","block_type":"box","text":"0.21","page_number":200,"box":{"x":925,"y":244,"width":29,"height":9}},{"id":"71654e98-67fc-48c8-a7bc-92c112edd911","block_type":"box","text":"41","page_number":200,"box":{"x":177,"y":260,"width":15,"height":8}},{"id":"8da65337-2e26-40f4-9cac-d1d34bc04e0d","block_type":"box","text":"MercadoLibre","page_number":200,"box":{"x":230,"y":260,"width":101,"height":8}},{"id":"25125876-efca-4ead-908c-01df75f73527","block_type":"box","text":"54,110","page_number":200,"box":{"x":751,"y":260,"width":48,"height":10}},{"id":"825180f1-a94f-4c11-a7a1-737f5c17e1d3","block_type":"box","text":"0.11","page_number":200,"box":{"x":926,"y":260,"width":28,"height":8}},{"id":"eb0a11d2-b0aa-44b4-a73a-ecf844609979","block_type":"box","text":"706,366","page_number":200,"box":{"x":740,"y":278,"width":59,"height":10}},{"id":"7490e602-7b3b-4cfc-9cd2-5522ae95913d","block_type":"box","text":"1.40","page_number":200,"box":{"x":926,"y":278,"width":30,"height":8}},{"id":"cb4192a8-76ef-4e42-912e-c05bfa8d975c","block_type":"box","text":"Climate Change","page_number":200,"box":{"x":43,"y":309,"width":125,"height":11}},{"id":"9f1e123a-7746-495c-bb80-6956f3412166","block_type":"box","text":"0.17% (31 December 2025 - 0.13%)","page_number":200,"box":{"x":169,"y":309,"width":276,"height":11}},{"id":"f5dc8095-416d-4acd-ae39-ab738167f2e7","block_type":"box","text":"215","page_number":200,"box":{"x":168,"y":327,"width":27,"height":9}},{"id":"630ef420-40cc-45a7-b754-1491f36661b5","block_type":"box","text":"Linde","page_number":200,"box":{"x":230,"y":327,"width":39,"height":9}},{"id":"b37e0d19-1ea3-48ce-8e81-db9c09f3f224","block_type":"box","text":"87,943","page_number":200,"box":{"x":749,"y":327,"width":50,"height":11}},{"id":"4a447e06-0bad-48b6-8aa5-034fd6ada383","block_type":"box","text":"0.17","page_number":200,"box":{"x":925,"y":327,"width":31,"height":9}},{"id":"d7d1ec8e-12cc-4af8-b10d-1a348e13d10b","block_type":"box","text":"87,943","page_number":200,"box":{"x":749,"y":345,"width":50,"height":11}},{"id":"d6028027-2240-45ef-9fa3-e0cea759bbe0","block_type":"box","text":"0.17","page_number":200,"box":{"x":925,"y":345,"width":31,"height":9}},{"id":"87410a2a-d17f-46e2-89b7-10e5d9f82e21","block_type":"box","text":"Sustained Income","page_number":200,"box":{"x":42,"y":376,"width":143,"height":9}},{"id":"8787bd46-33b9-4969-9a73-07af6b3c005e","block_type":"box","text":"0.51% (31 December 2025 - 0.69%)","page_number":200,"box":{"x":186,"y":376,"width":276,"height":11}},{"id":"2a62d708-e543-41b4-a6ca-c680c77493bd","block_type":"box","text":"66,965","page_number":200,"box":{"x":145,"y":395,"width":50,"height":10}},{"id":"571301c7-561e-4a94-a6bd-59e3ba46b3db","block_type":"box","text":"3i Infrastructure","page_number":200,"box":{"x":229,"y":395,"width":116,"height":9}},{"id":"32b7365c-2d32-401f-ae38-d1879ea57b1a","block_type":"box","text":"257,481","page_number":200,"box":{"x":740,"y":395,"width":57,"height":10}},{"id":"0278de2e-1093-4208-a17e-07f5b080d60a","block_type":"box","text":"0.51","page_number":200,"box":{"x":925,"y":395,"width":29,"height":9}},{"id":"803d6590-0548-4dc9-82e0-b67c6cd33ce5","block_type":"box","text":"257,481","page_number":200,"box":{"x":740,"y":413,"width":57,"height":10}},{"id":"d2332e07-e74e-4088-842d-b7cb6d6c0d81","block_type":"box","text":"0.51","page_number":200,"box":{"x":925,"y":413,"width":29,"height":9}},{"id":"fc37c907-2f4d-4394-ac59-41d4d71f1f4b","block_type":"box","text":"Global Exchange Traded Funds","page_number":200,"box":{"x":43,"y":444,"width":249,"height":11}},{"id":"117c4a41-a866-4d48-a9cd-d50c610945e0","block_type":"box","text":"42.45% (31 December 2025 - 47.78%)","page_number":200,"box":{"x":293,"y":444,"width":295,"height":11}},{"id":"92d2055f-a6cd-48c8-9e98-421c73573515","block_type":"box","text":"173,170","page_number":200,"box":{"x":137,"y":462,"width":58,"height":11}},{"id":"1dd05615-ed3f-48d7-8690-0ec621db38ab","block_type":"box","text":"Fidelity Global Quality Income UCITS ETF","page_number":200,"box":{"x":230,"y":462,"width":312,"height":12}},{"id":"cb84cf1b-481c-45f3-8ccb-298f1f43ac99","block_type":"box","text":"1,489,592","page_number":200,"box":{"x":727,"y":462,"width":72,"height":11}},{"id":"f7035300-9e1e-48b6-9e85-4e52d574727c","block_type":"box","text":"2.94","page_number":200,"box":{"x":925,"y":462,"width":31,"height":9}},{"id":"9236d701-6f2b-4531-8772-9890041a8702","block_type":"box","text":"13,797","page_number":200,"box":{"x":146,"y":478,"width":49,"height":10}},{"id":"713136b4-b498-4ba5-9b36-6da15af1476a","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD","page_number":200,"box":{"x":230,"y":478,"width":358,"height":11}},{"id":"b073b347-034c-49fb-9261-68254e7efb3f","block_type":"box","text":"Accumulation","page_number":200,"box":{"x":229,"y":492,"width":99,"height":9}},{"id":"37bc1092-e19f-441c-888f-c5077800fb84","block_type":"box","text":"842,583","page_number":200,"box":{"x":740,"y":492,"width":59,"height":10}},{"id":"ce879a69-27e0-4e87-8127-71bb1ec2de47","block_type":"box","text":"1.67","page_number":200,"box":{"x":926,"y":492,"width":30,"height":9}},{"id":"c1f8f2ce-a62c-4d9e-9e94-6b26d532a485","block_type":"box","text":"28,355","page_number":200,"box":{"x":145,"y":507,"width":50,"height":11}},{"id":"f776e3cb-4978-4124-b92f-9d7a20f4c1b9","block_type":"box","text":"iShares Core S&P 500 UCITS ETF USD Distribution","page_number":200,"box":{"x":230,"y":507,"width":386,"height":9}},{"id":"2a9abe83-d9a6-4d57-b937-8e79e44478d2","block_type":"box","text":"1,586,178","page_number":200,"box":{"x":727,"y":507,"width":72,"height":11}},{"id":"10313ff9-7413-4ed3-9865-e17a854308ba","block_type":"box","text":"3.14","page_number":200,"box":{"x":925,"y":507,"width":31,"height":9}},{"id":"104929c2-19e0-4bb7-96ff-d1a98246eea9","block_type":"box","text":"20,698","page_number":200,"box":{"x":145,"y":523,"width":50,"height":10}},{"id":"cb70fbb6-0784-4732-9e73-d184ac4154ef","block_type":"box","text":"iShares GBP Corp Bond 0-5yr UCITS ETF","page_number":200,"box":{"x":230,"y":523,"width":314,"height":11}},{"id":"45c19e4f-6667-4e06-8f88-1e1f857f487a","block_type":"box","text":"2,117,405","page_number":200,"box":{"x":727,"y":523,"width":72,"height":10}},{"id":"8d0369e3-42ce-4e61-bae7-bee35b9b088c","block_type":"box","text":"4.19","page_number":200,"box":{"x":925,"y":523,"width":31,"height":9}},{"id":"0dbb71ab-f3a5-4c36-aab5-4817d2e5fc39","block_type":"box","text":"33,548","page_number":200,"box":{"x":145,"y":538,"width":50,"height":11}},{"id":"0d88f5d1-69c0-4ddf-b427-73cd51d257c0","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":200,"box":{"x":230,"y":538,"width":367,"height":11}},{"id":"6dd77f2d-0834-44ef-aef1-4205ed84246f","block_type":"box","text":"255,602","page_number":200,"box":{"x":740,"y":538,"width":59,"height":11}},{"id":"40bca152-27f3-4d3b-a2c2-96526675815b","block_type":"box","text":"0.50","page_number":200,"box":{"x":925,"y":538,"width":31,"height":9}},{"id":"20e135ad-f92e-4d94-b217-deeda94d34ef","block_type":"box","text":"9,110","page_number":200,"box":{"x":155,"y":554,"width":40,"height":10}},{"id":"28ee9566-c24a-45da-99f2-196331349bb3","block_type":"box","text":"iShares Global Infrastructure UCITS ETF","page_number":200,"box":{"x":230,"y":553,"width":303,"height":9}},{"id":"61cfae7a-949a-4420-b744-7a176682ee8a","block_type":"box","text":"270,020","page_number":200,"box":{"x":740,"y":554,"width":59,"height":10}},{"id":"1db3c2d7-669a-429f-b337-48965ee06433","block_type":"box","text":"0.53","page_number":200,"box":{"x":925,"y":554,"width":31,"height":8}},{"id":"1788cf95-5266-49c3-87db-2a561b8c8c57","block_type":"box","text":"21,736","page_number":200,"box":{"x":145,"y":569,"width":50,"height":10}},{"id":"50d7b36e-7952-47ac-8b4c-e1ebf824f6f0","block_type":"box","text":"iShares JP Morgan EM Local Government Bond UCITS","page_number":200,"box":{"x":230,"y":569,"width":417,"height":11}},{"id":"c626905e-dded-44de-ae83-54072c58f75b","block_type":"box","text":"ETF","page_number":200,"box":{"x":230,"y":583,"width":30,"height":9}},{"id":"99f728ea-8b0f-4aaf-87e4-3b5fb187a5a9","block_type":"box","text":"754,882","page_number":200,"box":{"x":740,"y":583,"width":59,"height":11}},{"id":"aa37e41b-19c1-46a3-86ea-93b788b6ee85","block_type":"box","text":"1.49","page_number":200,"box":{"x":926,"y":583,"width":30,"height":9}},{"id":"896e8dea-ae53-4112-ba40-2bbd54bef838","block_type":"box","text":"850","page_number":200,"box":{"x":168,"y":599,"width":27,"height":8}},{"id":"f1be03aa-cf34-48c2-b3cb-26c3cd7d0c8d","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":200,"box":{"x":229,"y":598,"width":411,"height":12}},{"id":"e7f9a3e2-5ef0-48f7-84ee-e9710406811d","block_type":"box","text":"205,540","page_number":200,"box":{"x":740,"y":599,"width":59,"height":10}},{"id":"7ca85a50-feb3-40c0-b5d3-29a066ea50a4","block_type":"box","text":"0.41","page_number":200,"box":{"x":925,"y":599,"width":29,"height":8}},{"id":"e66e777f-9ba6-4293-be8b-2eecdaaa2db0","block_type":"box","text":"11,294","page_number":200,"box":{"x":147,"y":614,"width":48,"height":10}},{"id":"4c65a2eb-c95b-4517-aa04-0893e08cc13c","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS","page_number":200,"box":{"x":229,"y":614,"width":421,"height":11}},{"id":"057cbf43-af6a-4b0c-8c91-e5f1b2448f91","block_type":"box","text":"ETF","page_number":200,"box":{"x":230,"y":628,"width":30,"height":9}},{"id":"71e3b951-26c7-4373-9f8b-a888b3276282","block_type":"box","text":"741,265","page_number":200,"box":{"x":740,"y":628,"width":59,"height":11}},{"id":"79fe1f89-1cf9-4001-b628-83ccd044e751","block_type":"box","text":"1.46","page_number":200,"box":{"x":926,"y":628,"width":30,"height":9}},{"id":"fc935d10-b61a-4ae0-af21-52432530bbbb","block_type":"box","text":"6,346","page_number":200,"box":{"x":154,"y":644,"width":41,"height":10}},{"id":"0d5dd89e-cc08-44e4-824e-130cdb3a38fa","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":200,"box":{"x":229,"y":644,"width":301,"height":8}},{"id":"e83267b1-0175-4abf-858c-537a47d1959c","block_type":"box","text":"3,558,748","page_number":200,"box":{"x":726,"y":644,"width":73,"height":10}},{"id":"983bbfcc-0e62-48af-9458-8c795a546ac3","block_type":"box","text":"7.03","page_number":200,"box":{"x":925,"y":644,"width":31,"height":8}},{"id":"a67a837e-64c8-4ab7-b825-f904ef585f52","block_type":"box","text":"17,287","page_number":200,"box":{"x":146,"y":659,"width":49,"height":10}},{"id":"caca075d-25bf-4c34-8d1a-e23adbdfa004","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":200,"box":{"x":229,"y":659,"width":242,"height":11}},{"id":"5db385cc-7736-44a4-a811-d03aea008382","block_type":"box","text":"798,746","page_number":200,"box":{"x":740,"y":659,"width":59,"height":10}},{"id":"a226fb69-7034-4055-b69c-ee85d33501e7","block_type":"box","text":"1.58","page_number":200,"box":{"x":926,"y":659,"width":30,"height":9}},{"id":"c50b4bf2-2bb4-4d5e-876f-3122b3b9ec7e","block_type":"box","text":"14,587","page_number":200,"box":{"x":146,"y":674,"width":49,"height":11}},{"id":"92c0548b-69b3-407f-bd4a-7767f4bb76c8","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS","page_number":200,"box":{"x":229,"y":674,"width":427,"height":11}},{"id":"a908b4f6-ccdd-4e61-9aba-bf5f91c2a536","block_type":"box","text":"ETF","page_number":200,"box":{"x":230,"y":689,"width":30,"height":8}},{"id":"881980e9-5b3a-4376-97e7-d68ed81c3125","block_type":"box","text":"483,585","page_number":200,"box":{"x":739,"y":689,"width":60,"height":10}},{"id":"8aae4185-4c56-4a40-8334-431f28f0d001","block_type":"box","text":"0.96","page_number":200,"box":{"x":925,"y":689,"width":31,"height":8}},{"id":"d39d7526-bdb8-46fe-bc34-29cc1fb0ff84","block_type":"box","text":"32,242","page_number":200,"box":{"x":145,"y":704,"width":50,"height":10}},{"id":"764a8577-43a9-474f-b2ea-6d2cfd2cbf93","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":200,"box":{"x":229,"y":704,"width":404,"height":11}},{"id":"dcf93297-b834-4640-97d0-ecd4799f6c49","block_type":"box","text":"1,403,978","page_number":200,"box":{"x":727,"y":704,"width":72,"height":10}},{"id":"dc6ffe22-f8a6-401e-b360-cd3d3298520e","block_type":"box","text":"2.78","page_number":200,"box":{"x":925,"y":704,"width":31,"height":9}},{"id":"e834154a-a218-4375-a81c-e7488dba7962","block_type":"box","text":"57,700","page_number":200,"box":{"x":145,"y":719,"width":50,"height":11}},{"id":"6ba8f1a9-eb73-413b-bfe7-ab4fe9a25060","block_type":"box","text":"Vanguard Global Aggregate Bond UCITS ETF","page_number":200,"box":{"x":229,"y":719,"width":340,"height":11}},{"id":"364244ec-1050-4900-b835-58809c57e146","block_type":"box","text":"1,291,903","page_number":200,"box":{"x":727,"y":719,"width":72,"height":11}},{"id":"f68cb946-70b3-45fe-94b3-6c9f248b4821","block_type":"box","text":"2.55","page_number":200,"box":{"x":925,"y":719,"width":32,"height":9}},{"id":"37c67d95-3f7c-4676-af2a-e207dc405528","block_type":"box","text":"33,254","page_number":200,"box":{"x":145,"y":735,"width":50,"height":10}},{"id":"64f858ad-612c-4779-8a05-5109711f00b1","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":200,"box":{"x":229,"y":734,"width":349,"height":12}},{"id":"5f3c02cc-6f39-4e23-be4f-b40538886f0d","block_type":"box","text":"2,341,908","page_number":200,"box":{"x":726,"y":735,"width":73,"height":10}},{"id":"b8d155e9-e4b4-44d6-b3f3-424f72cd9276","block_type":"box","text":"4.63","page_number":200,"box":{"x":925,"y":735,"width":31,"height":8}},{"id":"9f483713-c88b-4a71-bc2f-4050e9deaa2c","block_type":"box","text":"7,129","page_number":200,"box":{"x":154,"y":750,"width":41,"height":10}},{"id":"5fd0d3e7-d906-4e4e-b089-f1cb2b84af5d","block_type":"box","text":"Xtrackers MSCI Europe Small Cap UCITS ETF","page_number":200,"box":{"x":229,"y":750,"width":349,"height":11}},{"id":"0f2fc4d2-1f3a-4348-9a34-a10d3de0f6a4","block_type":"box","text":"450,909","page_number":200,"box":{"x":739,"y":750,"width":60,"height":10}},{"id":"0cb8f8f2-e550-47c9-ad55-813836669186","block_type":"box","text":"0.89","page_number":200,"box":{"x":925,"y":750,"width":31,"height":9}},{"id":"05810529-e498-49e8-9da4-329d23bb16fc","block_type":"box","text":"22,990","page_number":200,"box":{"x":145,"y":765,"width":50,"height":11}},{"id":"41c2da43-3294-446b-86ad-71c92d867825","block_type":"box","text":"Xtrackers S&P 500 UCITS ETF","page_number":200,"box":{"x":229,"y":765,"width":232,"height":9}},{"id":"4399773e-5022-4d6e-a678-5068c6257aec","block_type":"box","text":"2,883,406","page_number":200,"box":{"x":726,"y":765,"width":73,"height":11}},{"id":"089fc40c-bfe0-42b8-b8a9-315286c3e730","block_type":"box","text":"5.70","page_number":200,"box":{"x":925,"y":765,"width":31,"height":9}},{"id":"98a56273-80bd-463d-9195-2a5aa9ee75b6","block_type":"box","text":"21,476,250","page_number":200,"box":{"x":716,"y":783,"width":83,"height":11}},{"id":"12c18017-428c-40a8-8a9b-209ff811e04e","block_type":"box","text":"42.45","page_number":200,"box":{"x":915,"y":783,"width":42,"height":9}},{"id":"c8f803ed-9115-4d2d-b178-6843c20eaf9d","block_type":"box","text":"Global Exchange Traded Commodities","page_number":200,"box":{"x":43,"y":814,"width":305,"height":11}},{"id":"98fa1692-d56d-4b0d-bea5-43a82727f23e","block_type":"box","text":"2.06% (31 December 2025 - 4.50%)","page_number":200,"box":{"x":354,"y":814,"width":271,"height":11}},{"id":"5bca8352-8a4e-4138-9b79-37b9828f2d5e","block_type":"box","text":"8,746","page_number":200,"box":{"x":154,"y":833,"width":41,"height":10}},{"id":"ba5919c7-05fe-4525-bf3c-d1b5282093bd","block_type":"box","text":"Invesco Physical Gold","page_number":200,"box":{"x":230,"y":833,"width":163,"height":11}},{"id":"05a2dfb7-1868-4e64-82c0-19877ec5f353","block_type":"box","text":"790,638","page_number":200,"box":{"x":740,"y":833,"width":59,"height":10}},{"id":"97c7f317-6567-4e83-939a-33626b042265","block_type":"box","text":"1.56","page_number":200,"box":{"x":926,"y":833,"width":30,"height":9}},{"id":"4f39eb09-6716-4efd-a07c-ec31bab7625b","block_type":"box","text":"17,927","page_number":200,"box":{"x":146,"y":848,"width":49,"height":11}},{"id":"28bba247-8f61-4ce7-834b-7cdb0e5ac80e","block_type":"box","text":"WisdomTree Industrial Metals","page_number":200,"box":{"x":229,"y":848,"width":221,"height":9}},{"id":"1825c1bf-2801-4705-a579-2518cfbb0735","block_type":"box","text":"251,777","page_number":200,"box":{"x":740,"y":848,"width":59,"height":11}},{"id":"ad64c0d7-6bcf-42dd-b93d-685904d3a09d","block_type":"box","text":"0.50","page_number":200,"box":{"x":925,"y":848,"width":31,"height":9}},{"id":"10a85125-ae47-4320-a7a7-f3bb9e09019c","block_type":"box","text":"1,042,415","page_number":200,"box":{"x":727,"y":866,"width":72,"height":11}},{"id":"c073b199-1b87-4b8e-8578-e685cc78c1fa","block_type":"box","text":"2.06","page_number":200,"box":{"x":925,"y":866,"width":32,"height":9}},{"id":"847d71d2-585d-4495-9ab7-31296430686c","block_type":"box","text":"Global Collective Investment Schemes","page_number":200,"box":{"x":43,"y":897,"width":306,"height":9}},{"id":"ea237484-a964-40ba-a58d-ac2ccd98aadf","block_type":"box","text":"13.17% (31 December 2025 - 7.97%)","page_number":200,"box":{"x":350,"y":897,"width":286,"height":11}},{"id":"72763b11-5638-4d77-a826-910de04f1a61","block_type":"box","text":"1,090","page_number":200,"box":{"x":155,"y":916,"width":40,"height":10}},{"id":"c388246c-b639-4429-993e-a6a501d428de","block_type":"box","text":"AXA World Funds - US High Yield Bonds","page_number":200,"box":{"x":229,"y":916,"width":302,"height":11}},{"id":"6e67c411-b176-4997-9492-556b71c7055c","block_type":"box","text":"100,199","page_number":200,"box":{"x":741,"y":916,"width":58,"height":10}},{"id":"49af0835-dc6b-42cb-883e-5070516b3431","block_type":"box","text":"0.20","page_number":200,"box":{"x":925,"y":916,"width":31,"height":9}},{"id":"69b0b3e3-73b9-49f4-b3f9-fed427a1a33f","block_type":"box","text":"28,214","page_number":200,"box":{"x":145,"y":931,"width":50,"height":11}},{"id":"8edff38e-dc3c-41e9-b462-8a614133902d","block_type":"box","text":"Brown Advisory US Mid - Cap Growth Fund","page_number":200,"box":{"x":230,"y":931,"width":320,"height":11}},{"id":"edf56b6e-9a7c-4874-b0c6-8d1b124d3a6a","block_type":"box","text":"621,262","page_number":200,"box":{"x":740,"y":931,"width":59,"height":11}},{"id":"c6b671ea-5a8d-4d2a-a6da-365d63dd01f4","block_type":"box","text":"1.23","page_number":200,"box":{"x":926,"y":931,"width":30,"height":9}},{"id":"1325328a-8adc-4bc1-81d4-9989a5c2afc6","block_type":"box","text":"200","page_number":201,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"cb5ac0a0-1da7-4bd5-b1aa-8b0fa08cd69a","block_type":"box","text":"201","page_number":201,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"db3d8457-daf8-4be5-87c0-cd78e5db9265","block_type":"box","text":"SARASIN Cautious Managed","page_number":201,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"15abd1c2-c16d-4a99-b2f2-54e9c6c21416","block_type":"box","text":"Portfolio Statement (continued)","page_number":201,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"6181af1e-c93d-4733-aec6-6e6eebf60aba","block_type":"box","text":"Holding/Nominal Value","page_number":201,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"70022cbc-f11e-4b6e-8e59-67e256a81dd4","block_type":"box","text":"Investment","page_number":201,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"104a4b34-1502-4acb-a210-64a507853285","block_type":"box","text":"Market","page_number":201,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"c3355407-eb7e-4584-8bc4-75c98cea40aa","block_type":"box","text":"Value","page_number":201,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"cf979dfc-d546-4435-af10-da5efcec6e04","block_type":"box","text":"£","page_number":201,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"13a4edfa-03f6-4f93-b668-8a4135c8a0b1","block_type":"box","text":"% of","page_number":201,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"fca294c4-8fa8-4632-9afc-7eed7598a80d","block_type":"box","text":"Net Assets","page_number":201,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"ca6316f4-9c6e-4616-b14b-e80e935c1d19","block_type":"box","text":"Global Collective Investment Schemes (continued)","page_number":201,"box":{"x":43,"y":164,"width":402,"height":11}},{"id":"89f08340-032a-473b-aa31-fb54334e063c","block_type":"box","text":"3,769","page_number":201,"box":{"x":154,"y":183,"width":41,"height":10}},{"id":"591a8a03-3ed3-4a7b-8edb-3c8df10fc344","block_type":"box","text":"Coremont Investment Fund - Brevan Howard Absolute","page_number":201,"box":{"x":230,"y":183,"width":407,"height":9}},{"id":"99a97af1-1dd8-4935-9817-4bbd663954be","block_type":"box","text":"Return Government Bond Fund Class 'A2' GBP","page_number":201,"box":{"x":230,"y":197,"width":356,"height":9}},{"id":"db872b5e-4a26-471f-8b68-0f1175545057","block_type":"box","text":"Accumulation","page_number":201,"box":{"x":229,"y":211,"width":99,"height":9}},{"id":"0068b4ca-f9ba-4ce9-a320-10682c53aa92","block_type":"box","text":"468,975","page_number":201,"box":{"x":739,"y":211,"width":60,"height":11}},{"id":"0bb52e53-90f4-4a1e-be17-719b77c41057","block_type":"box","text":"0.93","page_number":201,"box":{"x":925,"y":211,"width":31,"height":9}},{"id":"d574b5b4-990f-440d-8e7c-ee4bdfa89b3e","block_type":"box","text":"2,658","page_number":201,"box":{"x":154,"y":227,"width":41,"height":10}},{"id":"b5ddc1b8-b8b8-4d29-9afd-3265e16ef3d8","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":201,"box":{"x":230,"y":227,"width":321,"height":11}},{"id":"6b614db1-c8a1-4219-ac32-5d9441fc0339","block_type":"box","text":"368,648","page_number":201,"box":{"x":740,"y":227,"width":59,"height":10}},{"id":"121b3be3-b68c-4450-9768-3da0c3fee3fd","block_type":"box","text":"0.73","page_number":201,"box":{"x":925,"y":227,"width":31,"height":9}},{"id":"f5aa0da1-621a-47af-aa68-e87227082d13","block_type":"box","text":"4,867","page_number":201,"box":{"x":154,"y":242,"width":41,"height":10}},{"id":"0ccaf21f-e637-4fbc-b02e-e11c65e2dfc1","block_type":"box","text":"Muzinich Global Tactical Credit Fund","page_number":201,"box":{"x":230,"y":242,"width":270,"height":9}},{"id":"ac670bda-b05e-44ee-8a33-fe6c75a3f271","block_type":"box","text":"447,920","page_number":201,"box":{"x":739,"y":242,"width":60,"height":10}},{"id":"b2cf8968-1a1f-4269-b6c4-34d25a37fe56","block_type":"box","text":"0.88","page_number":201,"box":{"x":925,"y":242,"width":31,"height":9}},{"id":"0454cbab-8fcc-4bbc-9662-11bde5547d8f","block_type":"box","text":"268,073","page_number":201,"box":{"x":135,"y":257,"width":60,"height":11}},{"id":"aff87fb4-2730-478e-98ec-2c0b54575908","block_type":"box","text":"PIMCO GIS Global Bond ESG Fund","page_number":201,"box":{"x":230,"y":257,"width":266,"height":9}},{"id":"a9ed0aff-00cc-40b0-b23e-9a42e9d0da29","block_type":"box","text":"2,562,779","page_number":201,"box":{"x":726,"y":257,"width":73,"height":11}},{"id":"ffbfff15-b663-420a-a113-b92c7309a356","block_type":"box","text":"5.07","page_number":201,"box":{"x":925,"y":257,"width":31,"height":9}},{"id":"e68d09f8-8355-4e40-8584-95f7591ac91d","block_type":"box","text":"2,064","page_number":201,"box":{"x":154,"y":273,"width":41,"height":10}},{"id":"e8d2e00c-3a86-487a-81d4-69495ba5808e","block_type":"box","text":"Redwheel Next Generation EM Equity Fund","page_number":201,"box":{"x":230,"y":273,"width":323,"height":11}},{"id":"6884062a-2879-4653-8763-fbc98ecfd2fa","block_type":"box","text":"342,987","page_number":201,"box":{"x":740,"y":273,"width":59,"height":10}},{"id":"73954d26-d9e6-4e41-943d-71e7d53f8b25","block_type":"box","text":"0.68","page_number":201,"box":{"x":925,"y":273,"width":31,"height":9}},{"id":"d6a362e9-04e4-4a56-a76e-91c61934fd7e","block_type":"box","text":"413,297","page_number":201,"box":{"x":135,"y":288,"width":60,"height":10}},{"id":"e486b8bc-0e83-494e-90cb-673cea18140b","block_type":"box","text":"Schroder Asian Income Fund","page_number":201,"box":{"x":229,"y":288,"width":215,"height":9}},{"id":"d4cb5c2a-f2ea-4a8a-b2a7-b2b046444dc1","block_type":"box","text":"503,396","page_number":201,"box":{"x":740,"y":288,"width":59,"height":10}},{"id":"de94979b-0f24-4031-aabe-2bb0861714db","block_type":"box","text":"0.99","page_number":201,"box":{"x":925,"y":288,"width":31,"height":9}},{"id":"750f88bc-ccfb-4004-8579-5c89f2107082","block_type":"box","text":"12,433","page_number":201,"box":{"x":146,"y":304,"width":49,"height":10}},{"id":"957ebacc-c48a-4d3a-8460-549742165686","block_type":"box","text":"Vanguard Global Short-Term Bond Index Fund","page_number":201,"box":{"x":229,"y":303,"width":344,"height":12}},{"id":"f5666986-18c3-4562-aaa3-36a9d7a224a8","block_type":"box","text":"1,245,145","page_number":201,"box":{"x":727,"y":304,"width":72,"height":10}},{"id":"a97cf604-6be8-41fb-8029-279e42506e12","block_type":"box","text":"2.46","page_number":201,"box":{"x":925,"y":304,"width":31,"height":8}},{"id":"66c6bae5-4eba-436d-96e8-3739497ea8c8","block_type":"box","text":"6,661,311","page_number":201,"box":{"x":727,"y":321,"width":70,"height":11}},{"id":"b59010f1-d1ee-4712-a436-e9545ae95f07","block_type":"box","text":"13.17","page_number":201,"box":{"x":916,"y":321,"width":40,"height":9}},{"id":"cb2b1caa-f35c-480d-b86b-d62ed097ef6b","block_type":"box","text":"UK Collective Investment Schemes","page_number":201,"box":{"x":43,"y":352,"width":278,"height":9}},{"id":"7370fc2e-ccca-406a-9aa0-4417290b9f50","block_type":"box","text":"11.06% (31 December 2025 - 13.26%)","page_number":201,"box":{"x":322,"y":352,"width":294,"height":12}},{"id":"9950697c-eed7-4b7e-a7b5-3d1af784dccc","block_type":"box","text":"5,424,592","page_number":201,"box":{"x":121,"y":371,"width":74,"height":10}},{"id":"e51de6d3-e25e-4794-82f0-a5d1118a0c33","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z","page_number":201,"box":{"x":229,"y":371,"width":386,"height":11}},{"id":"b5810e84-0650-4e75-9c38-58f31e5229c3","block_type":"box","text":"Income","page_number":201,"box":{"x":230,"y":386,"width":53,"height":8}},{"id":"511be658-5616-4921-8c2a-8f2e3a021f64","block_type":"box","text":"1","page_number":201,"box":{"x":285,"y":385,"width":2,"height":5}},{"id":"3a395b12-64c2-4ba6-b7fa-76a9d294b188","block_type":"box","text":"4,634,771","page_number":201,"box":{"x":725,"y":385,"width":72,"height":11}},{"id":"c146c860-0162-414d-873d-542ca0ef37b6","block_type":"box","text":"9.16","page_number":201,"box":{"x":925,"y":385,"width":31,"height":9}},{"id":"481a218a-b3fa-4f2f-8e0b-b941c6a164d4","block_type":"box","text":"668,163","page_number":201,"box":{"x":135,"y":401,"width":60,"height":10}},{"id":"01a255f5-988a-4235-90a8-c4aa20c4fb32","block_type":"box","text":"Trojan Fund X Income","page_number":201,"box":{"x":229,"y":401,"width":165,"height":11}},{"id":"2358eff1-0230-4c0b-9ba2-ce6f04407904","block_type":"box","text":"959,349","page_number":201,"box":{"x":740,"y":401,"width":59,"height":10}},{"id":"32179805-ffe2-41d6-9674-4d43e4d5ae8d","block_type":"box","text":"1.90","page_number":201,"box":{"x":926,"y":401,"width":30,"height":9}},{"id":"82ebe198-2a0c-4950-b808-24f9fd05cd68","block_type":"box","text":"5,594,120","page_number":201,"box":{"x":726,"y":419,"width":73,"height":10}},{"id":"4f4e87a7-2606-4847-9641-7b85d7eeeff4","block_type":"box","text":"11.06","page_number":201,"box":{"x":917,"y":419,"width":40,"height":8}},{"id":"f4c840bd-23da-4559-965b-2725988bd4bb","block_type":"box","text":"UK Gilts","page_number":201,"box":{"x":43,"y":450,"width":64,"height":8}},{"id":"f7a9e8bf-f43f-4e27-af85-03ca019f177f","block_type":"box","text":"18.45% (31 December 2025 - 15.09%)","page_number":201,"box":{"x":108,"y":450,"width":295,"height":11}},{"id":"6a129d2c-050a-429d-832b-3d0604163cee","block_type":"box","text":"£1,582,600","page_number":201,"box":{"x":112,"y":468,"width":83,"height":11}},{"id":"5dafd2a3-b297-4665-b195-a02923c79859","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":201,"box":{"x":230,"y":468,"width":288,"height":12}},{"id":"5c17846f-77d7-437f-838e-bb02b06e9164","block_type":"box","text":"1,434,231","page_number":201,"box":{"x":727,"y":468,"width":70,"height":11}},{"id":"004ca1c5-697c-4cb2-ae17-2f59c6d3484e","block_type":"box","text":"2.83","page_number":201,"box":{"x":925,"y":468,"width":31,"height":9}},{"id":"479be51a-f3ca-404c-bfeb-b7213bbbd6bb","block_type":"box","text":"£784,300","page_number":201,"box":{"x":126,"y":484,"width":69,"height":10}},{"id":"8d47504e-716e-491f-aff7-51c10caf72d8","block_type":"box","text":"United Kingdom Gilt 4.375% 31/07/2054","page_number":201,"box":{"x":230,"y":484,"width":298,"height":11}},{"id":"855489b7-7b33-4244-a823-fbe9b890edc3","block_type":"box","text":"655,154","page_number":201,"box":{"x":740,"y":484,"width":59,"height":10}},{"id":"c67fabdd-97dc-4d52-abb8-cc4d8f67e75a","block_type":"box","text":"1.29","page_number":201,"box":{"x":926,"y":484,"width":30,"height":9}},{"id":"9b0bb1df-7472-4064-8c29-82f15deffbe7","block_type":"box","text":"£1,767,080","page_number":201,"box":{"x":112,"y":499,"width":83,"height":10}},{"id":"a957d66f-a783-469c-b45c-a19109b0421b","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":201,"box":{"x":230,"y":499,"width":288,"height":11}},{"id":"0c1d4b00-219d-40ea-8452-67dae7fa3d30","block_type":"box","text":"1,779,223","page_number":201,"box":{"x":727,"y":499,"width":72,"height":10}},{"id":"e0ca3593-44b5-41d8-95b5-52ff2bd7de0e","block_type":"box","text":"3.52","page_number":201,"box":{"x":925,"y":499,"width":31,"height":9}},{"id":"c54796de-80a0-4be0-8700-2712466c9619","block_type":"box","text":"£3,005,485","page_number":201,"box":{"x":112,"y":514,"width":83,"height":11}},{"id":"8674f69e-6a40-42a3-8083-52ce4fb8df48","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":201,"box":{"x":230,"y":514,"width":288,"height":12}},{"id":"bba0e9af-437b-4d38-8ccf-9186bac1f067","block_type":"box","text":"2,978,966","page_number":201,"box":{"x":726,"y":514,"width":73,"height":11}},{"id":"9cf94e30-2d7b-488f-aa3d-8a3d38029887","block_type":"box","text":"5.89","page_number":201,"box":{"x":925,"y":514,"width":31,"height":9}},{"id":"bff62522-dd1d-4425-ad17-1a80701feac7","block_type":"box","text":"£715,550","page_number":201,"box":{"x":126,"y":530,"width":69,"height":10}},{"id":"d7dc3893-e107-494a-8e99-c83eeef01f9a","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2043","page_number":201,"box":{"x":230,"y":530,"width":288,"height":11}},{"id":"1701ecee-b26f-43c3-b0c2-f0bb177f068d","block_type":"box","text":"666,570","page_number":201,"box":{"x":740,"y":530,"width":59,"height":10}},{"id":"3b1ae025-48a8-438e-9239-ef29b29ef4b9","block_type":"box","text":"1.32","page_number":201,"box":{"x":926,"y":530,"width":30,"height":9}},{"id":"642f3f5c-ef75-4ebe-9bcc-155dbdfdd18c","block_type":"box","text":"£1,741,898","page_number":201,"box":{"x":112,"y":545,"width":83,"height":11}},{"id":"9444ea89-6aa1-460b-99e3-ec1eb39a32a2","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":201,"box":{"x":230,"y":545,"width":288,"height":11}},{"id":"8604e79d-8ad4-4519-a3cf-bae85891a0f9","block_type":"box","text":"1,820,057","page_number":201,"box":{"x":727,"y":545,"width":72,"height":11}},{"id":"13dce70c-f9b1-46f2-82c7-791bc77c9f79","block_type":"box","text":"3.60","page_number":201,"box":{"x":925,"y":545,"width":31,"height":9}},{"id":"09a27e42-47cb-407d-96f0-41362c86fe07","block_type":"box","text":"9,334,201","page_number":201,"box":{"x":726,"y":563,"width":71,"height":11}},{"id":"31a18fa2-80f0-4243-820f-f3f7f4672023","block_type":"box","text":"18.45","page_number":201,"box":{"x":916,"y":563,"width":41,"height":9}},{"id":"f73c9238-83f1-4c07-9f8a-8cae20c49b97","block_type":"box","text":"Options","page_number":201,"box":{"x":43,"y":594,"width":61,"height":11}},{"id":"de547175-916b-44ad-8013-2ac631b1dc52","block_type":"box","text":"0.07% (31 December 2025 - 0.00%)","page_number":201,"box":{"x":105,"y":594,"width":277,"height":11}},{"id":"1a07a9c1-959c-4d7a-bf88-b18e22fc2566","block_type":"box","text":"42","page_number":201,"box":{"x":177,"y":613,"width":18,"height":8}},{"id":"1bf823e7-2059-4854-858b-49d056751bca","block_type":"box","text":"Put 720 on S&P 500 Mini Index Option 18/09/2026","page_number":201,"box":{"x":230,"y":613,"width":374,"height":11}},{"id":"7cada63a-f2d9-455a-bc9f-40c4ed6a4360","block_type":"box","text":"33,298","page_number":201,"box":{"x":749,"y":613,"width":50,"height":10}},{"id":"33c8f0ae-8c0b-4acc-bb97-a4229152b50d","block_type":"box","text":"0.07","page_number":201,"box":{"x":925,"y":613,"width":31,"height":9}},{"id":"cee79c35-0a5d-48d9-bd57-eebd723b478f","block_type":"box","text":"33,298","page_number":201,"box":{"x":749,"y":631,"width":50,"height":10}},{"id":"9a62420d-63e0-4af3-84e9-44fc37921081","block_type":"box","text":"0.07","page_number":201,"box":{"x":925,"y":631,"width":31,"height":8}},{"id":"25f796b9-6582-403b-b46b-5d8be091c80c","block_type":"box","text":"Total Value of Investments 95.34%","page_number":201,"box":{"x":229,"y":671,"width":271,"height":9}},{"id":"45e897d4-1000-4b92-b53f-6e382ffc0692","block_type":"box","text":"(31 December 2025 - 96.82%)","page_number":201,"box":{"x":230,"y":687,"width":227,"height":11}},{"id":"aa513b60-9288-491e-8295-f0a10ce23110","block_type":"box","text":"48,227,015","page_number":201,"box":{"x":716,"y":686,"width":83,"height":11}},{"id":"40ee3796-283f-45f3-8248-4074b86d9ea0","block_type":"box","text":"95.34","page_number":201,"box":{"x":916,"y":686,"width":40,"height":9}},{"id":"86cde7f3-91ca-44a5-adb8-4106cd3e31dc","block_type":"box","text":"Net Other Assets","page_number":201,"box":{"x":230,"y":702,"width":134,"height":9}},{"id":"e15bbc14-e345-4a47-b742-5abc06cdca42","block_type":"box","text":"2,358,754","page_number":201,"box":{"x":726,"y":702,"width":73,"height":10}},{"id":"a7fa4537-97d1-407e-9d46-3360a65a4f3a","block_type":"box","text":"4.66","page_number":201,"box":{"x":925,"y":702,"width":31,"height":9}},{"id":"f3f61828-ce8e-4b6c-bedc-a4112437d53c","block_type":"box","text":"Net assets","page_number":201,"box":{"x":230,"y":720,"width":82,"height":9}},{"id":"878ce9ce-bc8f-47a9-82a4-4ec804f84817","block_type":"box","text":"50,585,769","page_number":201,"box":{"x":717,"y":720,"width":82,"height":10}},{"id":"a43859f9-be6a-4d48-a178-e66bd669c4be","block_type":"box","text":"100.00","page_number":201,"box":{"x":907,"y":720,"width":49,"height":9}},{"id":"f59ce424-5c22-4dce-bb7e-105a0cf68957","block_type":"box","text":"1","page_number":201,"box":{"x":43,"y":754,"width":1,"height":4}},{"id":"2a627a0b-0640-4827-8c54-bb6ab7474d4a","block_type":"box","text":"Related party holding","page_number":201,"box":{"x":47,"y":754,"width":109,"height":8}},{"id":"36a171db-5742-4ab1-830a-c531cdc10d78","block_type":"box","text":".","page_number":201,"box":{"x":158,"y":759,"width":2,"height":1}},{"id":"4c7f2641-56b2-45d9-b9ed-7068e68fa525","block_type":"box","text":"All holdings are ordinary shares of stock or bonds and are listed on an official stock exchange unless otherwise stated.","page_number":201,"box":{"x":42,"y":780,"width":876,"height":12}},{"id":"b0699c8b-cb2b-4cee-a92f-55c1162eb7f5","block_type":"box","text":"201","page_number":202,"box":{"x":486,"y":972,"width":24,"height":8}},{"id":"09948c43-ab43-4628-b56c-6132011fc749","block_type":"box","text":"SARASIN Cautious Managed","page_number":202,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"16374391-43af-4b35-8659-f3da1a76b75f","block_type":"box","text":"Portfolio Statement (continued)","page_number":202,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"31f249f7-1607-47e2-89a3-7c8cb81291e0","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":202,"box":{"x":42,"y":124,"width":416,"height":8}},{"id":"4fbb85fe-c4b5-42ef-a725-e810b7d694ab","block_type":"box","text":"Bonds","page_number":202,"box":{"x":230,"y":139,"width":46,"height":9}},{"id":"223f2203-6e81-432a-a94d-46163ede82ce","block_type":"box","text":"9,334,201","page_number":202,"box":{"x":726,"y":139,"width":71,"height":10}},{"id":"d994875b-0afc-467a-8e92-b12c296c8081","block_type":"box","text":"18.45","page_number":202,"box":{"x":917,"y":139,"width":39,"height":9}},{"id":"e2240592-a8ad-44fb-872a-432da01f0142","block_type":"box","text":"Collective Investment Schemes","page_number":202,"box":{"x":230,"y":154,"width":233,"height":9}},{"id":"7ad9cccd-bc41-42df-bb09-fc7645cc21e8","block_type":"box","text":"34,774,096","page_number":202,"box":{"x":717,"y":154,"width":82,"height":11}},{"id":"f5b8a730-5da3-4beb-935e-5488baf24377","block_type":"box","text":"68.74","page_number":202,"box":{"x":916,"y":154,"width":40,"height":9}},{"id":"1273a0b9-939f-45ee-b5bf-114f2aac5d35","block_type":"box","text":"Derivatives","page_number":202,"box":{"x":230,"y":170,"width":81,"height":9}},{"id":"442ff478-a0a0-4a1e-8f40-1d37dc937456","block_type":"box","text":"33,298","page_number":202,"box":{"x":749,"y":170,"width":50,"height":10}},{"id":"f6c5b700-bc77-4125-93e6-e760ce257205","block_type":"box","text":"0.07","page_number":202,"box":{"x":925,"y":170,"width":31,"height":9}},{"id":"f9f08009-e41d-4fa2-966d-804282536c6f","block_type":"box","text":"Equities","page_number":202,"box":{"x":230,"y":185,"width":58,"height":11}},{"id":"b2a9fc95-bdde-45fc-8229-864ff9d29f25","block_type":"box","text":"4,085,420","page_number":202,"box":{"x":726,"y":185,"width":73,"height":10}},{"id":"00ec6505-3a5f-4cdd-8132-0a088012b5df","block_type":"box","text":"8.08","page_number":202,"box":{"x":925,"y":185,"width":31,"height":9}},{"id":"cc2a4970-60fc-4689-9401-b22460f4ba23","block_type":"box","text":"Net Other Assets","page_number":202,"box":{"x":230,"y":200,"width":125,"height":9}},{"id":"f336ed6d-081e-4955-99b9-3f651e1c815e","block_type":"box","text":"2,358,754","page_number":202,"box":{"x":726,"y":200,"width":73,"height":11}},{"id":"03b9ec9a-fff8-4836-a1d0-a373a59e4115","block_type":"box","text":"4.66","page_number":202,"box":{"x":925,"y":201,"width":31,"height":8}},{"id":"0d76bda4-d46c-4b10-825d-97db1a3b1543","block_type":"box","text":"50,585,769","page_number":202,"box":{"x":717,"y":218,"width":82,"height":11}},{"id":"24fd184c-8bfa-4097-9cf6-662f1ac0e3a9","block_type":"box","text":"100.00","page_number":202,"box":{"x":907,"y":218,"width":49,"height":9}},{"id":"93a0ed41-656e-44d3-a347-67a6ba0f8f0a","block_type":"box","text":":","page_number":202,"box":{"x":42,"y":243,"width":0,"height":1}},{"id":"de7edbd5-a0ac-4bac-ba52-fc2ae6861c7c","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":202,"box":{"x":43,"y":251,"width":677,"height":11}},{"id":"9a67144b-9f08-4a0a-9599-fbf58bbfc76f","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":202,"box":{"x":230,"y":266,"width":405,"height":12}},{"id":"987b8318-23d9-4feb-81c5-b4aedfa26063","block_type":"box","text":"63.52","page_number":202,"box":{"x":916,"y":266,"width":40,"height":9}},{"id":"5218aacc-3a8c-4a3e-ad7a-9625a0482acf","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":202,"box":{"x":230,"y":282,"width":403,"height":11}},{"id":"c3915ea1-1c31-4f35-81e7-e7119c146516","block_type":"box","text":"(sub BBB- or unrated)","page_number":202,"box":{"x":230,"y":296,"width":162,"height":11}},{"id":"a588858f-9ca0-4a0e-bcde-e4bf5032c6f8","block_type":"box","text":"36.48","page_number":202,"box":{"x":916,"y":296,"width":40,"height":9}},{"id":"dabd33a9-5e0f-4743-8e34-ccd2da7ced57","block_type":"box","text":"100.00","page_number":202,"box":{"x":907,"y":314,"width":49,"height":9}},{"id":"e516236f-9e58-4a0a-8483-cfe9a0509d22","block_type":"box","text":"202","page_number":203,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"90216f25-296c-4216-9335-e59f8f3d6010","block_type":"box","text":"SARASIN Cautious Managed","page_number":203,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"075c085e-6b86-4755-91bc-25bbd9d6d269","block_type":"box","text":"Statement of Total Return","page_number":203,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"ffddfd29-a70f-4982-b1fd-5c4fa259e0a6","block_type":"box","text":"For the","page_number":203,"box":{"x":43,"y":95,"width":57,"height":9}},{"id":"d60a5691-f4ed-4e31-8bf2-083f41f0dc86","block_type":"box","text":"period","page_number":203,"box":{"x":101,"y":95,"width":44,"height":11}},{"id":"c5031c57-f4ce-4036-bd47-854b672645fc","block_type":"box","text":"ended","page_number":203,"box":{"x":146,"y":95,"width":56,"height":9}},{"id":"8917bda0-d60d-43b0-87c4-6432f5b76377","block_type":"box","text":"3","page_number":203,"box":{"x":203,"y":95,"width":8,"height":9}},{"id":"3376d3e5-afc5-4e93-afa4-0d71a916daa6","block_type":"box","text":"July","page_number":203,"box":{"x":217,"y":95,"width":29,"height":11}},{"id":"94f44db7-c568-4f30-837a-0b54a3228cbf","block_type":"box","text":"202","page_number":203,"box":{"x":246,"y":95,"width":32,"height":9}},{"id":"81b970c5-87cf-4d14-8fa8-970838902d6d","block_type":"box","text":"6","page_number":203,"box":{"x":280,"y":95,"width":8,"height":9}},{"id":"0add8588-61a1-4785-a112-6efa1ba81cf4","block_type":"box","text":"03.07.2026","page_number":203,"box":{"x":880,"y":125,"width":66,"height":7}},{"id":"e5ace475-4b57-4c9b-b0d7-fa8096dbfd43","block_type":"box","text":"1,2","page_number":203,"box":{"x":947,"y":125,"width":10,"height":5}},{"id":"45885135-3c36-4fa8-8c5d-effec4ea5e7b","block_type":"box","text":"£","page_number":203,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"91db5b65-23f7-45d9-8ffe-395dabee326f","block_type":"box","text":"£","page_number":203,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"740a1ef0-af53-4a97-aa4c-a2f10c4978c2","block_type":"box","text":"Income","page_number":203,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"776ff173-5bf3-4025-92a8-d443c7f07335","block_type":"box","text":"Net capital gains","page_number":203,"box":{"x":55,"y":193,"width":122,"height":12}},{"id":"f6540d2e-0931-49cc-9e25-05b8aef59a8d","block_type":"box","text":"2,057,388","page_number":203,"box":{"x":883,"y":193,"width":73,"height":11}},{"id":"06488464-445b-444d-8f5a-9c82d13da6c4","block_type":"box","text":"Revenue","page_number":203,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"9646c901-7b5d-4b7a-90ec-76d8ecb8adce","block_type":"box","text":"747,854","page_number":203,"box":{"x":773,"y":210,"width":60,"height":10}},{"id":"e889aa3f-0694-4171-a542-3f88b369cf66","block_type":"box","text":"Expenses","page_number":203,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"ca9645e3-1bf8-4428-8a7b-953d379610b7","block_type":"box","text":"(142,999)","page_number":203,"box":{"x":762,"y":225,"width":71,"height":12}},{"id":"0396b190-f96d-48be-a6ed-5b74b39a554b","block_type":"box","text":"Net revenue before taxation","page_number":203,"box":{"x":43,"y":246,"width":205,"height":9}},{"id":"f4f9e030-8207-4c92-9e53-2c037c0d5bb0","block_type":"box","text":"604,855","page_number":203,"box":{"x":773,"y":246,"width":60,"height":10}},{"id":"56b03a90-e615-4d9f-9a29-166905edd217","block_type":"box","text":"Taxation","page_number":203,"box":{"x":42,"y":262,"width":61,"height":9}},{"id":"ba399dda-2337-43d7-985c-cbc879bdc0b8","block_type":"box","text":"(91,966)","page_number":203,"box":{"x":772,"y":262,"width":61,"height":11}},{"id":"1f0319e6-3e1f-438b-8e4c-d84ebe8747ff","block_type":"box","text":"Net revenue after taxation for the period","page_number":203,"box":{"x":43,"y":276,"width":317,"height":11}},{"id":"099d8bb9-59f4-4046-abf7-aa27e18cf803","block_type":"box","text":"512,889","page_number":203,"box":{"x":897,"y":276,"width":59,"height":11}},{"id":"3d2252da-62cc-4395-85ff-59648205f90a","block_type":"box","text":"Total returns before distributions","page_number":203,"box":{"x":42,"y":297,"width":263,"height":9}},{"id":"0f76441e-4778-40b9-97c2-ed70aac80de3","block_type":"box","text":"2,570,277","page_number":203,"box":{"x":883,"y":297,"width":73,"height":10}},{"id":"cb82396c-8e9e-4cc1-90f1-5fea070df019","block_type":"box","text":"Distributions","page_number":203,"box":{"x":43,"y":313,"width":91,"height":9}},{"id":"4420b29a-71fd-46fc-b3c6-0ef0aa3d0949","block_type":"box","text":"(644,167)","page_number":203,"box":{"x":886,"y":313,"width":71,"height":11}},{"id":"8c9959d8-f7ba-4b30-81dd-d29ec63a2517","block_type":"box","text":"Change in net assets attributable to shareholders from investment","page_number":203,"box":{"x":43,"y":348,"width":534,"height":11}},{"id":"9e89211e-c8cf-4473-a452-e89088afc821","block_type":"box","text":"activities","page_number":203,"box":{"x":54,"y":362,"width":71,"height":9}},{"id":"86303cf5-d8a5-4fb0-a6af-87d57a9bd9b2","block_type":"box","text":"1,926,110","page_number":203,"box":{"x":886,"y":360,"width":70,"height":11}},{"id":"e207d1b5-d2aa-45f9-8f9b-5d08380644a9","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":203,"box":{"x":43,"y":404,"width":620,"height":14}},{"id":"b6e8755d-a693-4ebb-a90a-55e5f965afca","block_type":"box","text":"For the","page_number":203,"box":{"x":43,"y":420,"width":57,"height":9}},{"id":"e35dec7a-6aed-4322-a193-7c826ba19f36","block_type":"box","text":"period","page_number":203,"box":{"x":101,"y":420,"width":44,"height":11}},{"id":"7ed6ea77-6c85-429b-b61a-9d603860c941","block_type":"box","text":"ended","page_number":203,"box":{"x":146,"y":420,"width":56,"height":9}},{"id":"1b8ff757-1a79-457b-8ebc-371b502cbbb3","block_type":"box","text":"3","page_number":203,"box":{"x":203,"y":420,"width":8,"height":9}},{"id":"70e109cd-2087-459a-b7b4-1cc40ed3c1cb","block_type":"box","text":"July","page_number":203,"box":{"x":217,"y":420,"width":29,"height":11}},{"id":"ede5d2fe-5c0c-453b-a98a-adb9d0c48ba3","block_type":"box","text":"202","page_number":203,"box":{"x":246,"y":420,"width":32,"height":9}},{"id":"e7413e8b-49b9-4b39-b7e3-643f94112740","block_type":"box","text":"6","page_number":203,"box":{"x":280,"y":420,"width":8,"height":9}},{"id":"c1b768b1-7a7b-4ab0-bd94-642c98b0a012","block_type":"box","text":"03.07.2026","page_number":203,"box":{"x":877,"y":450,"width":66,"height":7}},{"id":"489dbc13-0f5f-4bc1-8881-165ac9ac2e63","block_type":"box","text":"1,2","page_number":203,"box":{"x":944,"y":450,"width":10,"height":5}},{"id":"b2401c0b-512f-4131-a533-fbad2add345b","block_type":"box","text":"£","page_number":203,"box":{"x":826,"y":465,"width":7,"height":7}},{"id":"dc808365-2bb5-4f1b-a26b-b7f82d9d532b","block_type":"box","text":"£","page_number":203,"box":{"x":947,"y":465,"width":7,"height":7}},{"id":"f6d21344-9455-4ac9-805c-b2d39f96cbed","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":203,"box":{"x":43,"y":501,"width":380,"height":11}},{"id":"3a81aece-6805-4981-8b19-7a9464785370","block_type":"box","text":"45,673,727","page_number":203,"box":{"x":873,"y":501,"width":83,"height":10}},{"id":"d3409ca6-0949-41a5-889f-cea5ec28d188","block_type":"box","text":"Issue of shares","page_number":203,"box":{"x":43,"y":517,"width":112,"height":9}},{"id":"f9b68783-03a4-4167-9aa2-6c3ab8d800b9","block_type":"box","text":"9,745,030","page_number":203,"box":{"x":756,"y":517,"width":73,"height":10}},{"id":"74f4358a-fcc9-4807-b2a2-1cedc257c289","block_type":"box","text":"Cancellation of shares","page_number":203,"box":{"x":43,"y":533,"width":164,"height":9}},{"id":"2d2c539f-a931-4d21-8634-252d2347432a","block_type":"box","text":"(","page_number":203,"box":{"x":751,"y":533,"width":4,"height":11}},{"id":"8dfefcf8-7bad-4d2a-a0f9-afe099ccc96b","block_type":"box","text":"6","page_number":203,"box":{"x":756,"y":533,"width":8,"height":9}},{"id":"7b94eb73-26ef-4ddf-a316-2eb1bfb31960","block_type":"box","text":",7","page_number":203,"box":{"x":765,"y":533,"width":12,"height":10}},{"id":"dc03c6d7-bb0a-4cfa-b5b1-cf985975194d","block_type":"box","text":"98","page_number":203,"box":{"x":778,"y":533,"width":17,"height":9}},{"id":"c22ad27d-d794-4423-8244-55e516ac67d6","block_type":"box","text":",88","page_number":203,"box":{"x":797,"y":533,"width":21,"height":10}},{"id":"8a14978a-9a1b-493a-bf28-a8378f25d9d5","block_type":"box","text":"2","page_number":203,"box":{"x":819,"y":533,"width":8,"height":9}},{"id":"ab8b4986-ae40-4b1c-af10-8d54d543bbc9","block_type":"box","text":")","page_number":203,"box":{"x":829,"y":533,"width":4,"height":11}},{"id":"075c7f36-48dd-4c61-99dc-20148fb888da","block_type":"box","text":"2,946,148","page_number":203,"box":{"x":883,"y":549,"width":73,"height":10}},{"id":"138e8f91-2bf1-4e97-ba8c-5d2a15b1e1d6","block_type":"box","text":"Single swing price adjustment","page_number":203,"box":{"x":43,"y":563,"width":221,"height":12}},{"id":"8f85e58f-bffd-468c-8368-2d0f68ae57d1","block_type":"box","text":"4,058","page_number":203,"box":{"x":915,"y":563,"width":41,"height":11}},{"id":"a82fe3b3-1d58-4fb0-ac40-a1619c3b832e","block_type":"box","text":"Change in net assets attributable to","page_number":203,"box":{"x":43,"y":578,"width":268,"height":11}},{"id":"40d20e42-3267-46a6-a770-81c37a516eaf","block_type":"box","text":"shareholders from investment activities (see above)","page_number":203,"box":{"x":54,"y":592,"width":383,"height":11}},{"id":"d6b916db-945c-41f1-b8bd-eaea536ce3e0","block_type":"box","text":"1,926,110","page_number":203,"box":{"x":886,"y":592,"width":70,"height":10}},{"id":"98607b43-90ca-4782-884a-b4d41e63e1b1","block_type":"box","text":"Retained distribution on accumulation shares","page_number":203,"box":{"x":43,"y":608,"width":333,"height":9}},{"id":"ee094d99-6f31-48b9-9b85-6b6a234e0912","block_type":"box","text":"35,726","page_number":203,"box":{"x":907,"y":608,"width":49,"height":11}},{"id":"60e8303a-2b2a-4dc0-8be0-81883f59326b","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":203,"box":{"x":43,"y":625,"width":373,"height":11}},{"id":"6c2c8374-36db-4a87-af9a-f0c2530f7c9b","block_type":"box","text":"50,585,769","page_number":203,"box":{"x":874,"y":623,"width":82,"height":11}},{"id":"07daca9c-d80a-45f6-933f-7196dbf3ab61","block_type":"box","text":"1","page_number":203,"box":{"x":43,"y":657,"width":2,"height":4}},{"id":"020c3f99-7c08-44f9-80bd-8b301490dd92","block_type":"box","text":"There are no comparative figures shown as the sub-fund launched on 29","page_number":203,"box":{"x":46,"y":657,"width":432,"height":9}},{"id":"7860176e-66ff-4087-adf7-2a0615bb10d9","block_type":"box","text":"April 2025.","page_number":203,"box":{"x":482,"y":657,"width":63,"height":9}},{"id":"f12a482c-78d6-4d02-9b6a-e36345882804","block_type":"box","text":"2","page_number":203,"box":{"x":42,"y":668,"width":4,"height":4}},{"id":"95214937-b2ea-4ecb-b169-4c8787fb7b5f","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":203,"box":{"x":46,"y":668,"width":910,"height":9}},{"id":"c4e6108d-f479-4151-bea3-3e0349d49b6b","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":203,"box":{"x":42,"y":680,"width":915,"height":9}},{"id":"98f55046-ae70-4c6e-b5d0-4abfe412a878","block_type":"box","text":"shareholders.","page_number":203,"box":{"x":42,"y":691,"width":80,"height":7}},{"id":"034f8351-d58b-401f-80e7-bb55a90bdbdd","block_type":"box","text":"203","page_number":204,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"8fda819d-c5b1-4508-931b-bc8d68cf8888","block_type":"box","text":"SARASIN Cautious Managed","page_number":204,"box":{"x":43,"y":34,"width":280,"height":13}},{"id":"6a02269d-f4c5-43af-9b72-37d54aa0e77f","block_type":"box","text":"Balance Sheet","page_number":204,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"3e9f1736-5fab-4070-8d09-5a3f5e94c508","block_type":"box","text":"As at","page_number":204,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"862f7d71-18fd-4a11-846e-c47be6056934","block_type":"box","text":"3 July 2026 (unaudited)","page_number":204,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"3b6c26e5-d4cd-4cd1-bef1-55364d177312","block_type":"box","text":"03.07.2026","page_number":204,"box":{"x":644,"y":115,"width":66,"height":6}},{"id":"17444759-0dd0-4ed1-8d9c-88e04097c0ec","block_type":"box","text":"1","page_number":204,"box":{"x":712,"y":112,"width":3,"height":5}},{"id":"7fda6f4c-18d5-4968-9fa2-613f5fe7d973","block_type":"box","text":"31.12.2025","page_number":204,"box":{"x":882,"y":115,"width":66,"height":6}},{"id":"86ba51bd-01c4-4030-b162-42e997c8cc1b","block_type":"box","text":"2","page_number":204,"box":{"x":949,"y":112,"width":5,"height":5}},{"id":"101eefaa-e7cf-45bf-bea5-c8642c50d2f6","block_type":"box","text":"£","page_number":204,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"3fc0f158-3420-4792-abf6-ced180b89dcf","block_type":"box","text":"£","page_number":204,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"8a766eb0-df0b-4e82-a806-a55756b3c239","block_type":"box","text":"Assets","page_number":204,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"f66bc765-7258-4f94-bb8e-a6c1e926524b","block_type":"box","text":"Investments","page_number":204,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"85ae1780-7ed4-458d-85ad-f1def8010102","block_type":"box","text":"48,227,015","page_number":204,"box":{"x":635,"y":183,"width":83,"height":10}},{"id":"ad5ede0a-6f58-4657-b685-5c4ce0f71539","block_type":"box","text":"44,222,053","page_number":204,"box":{"x":873,"y":183,"width":83,"height":10}},{"id":"3886529d-3080-4910-a6db-ecf2f4415965","block_type":"box","text":"Amounts receivable","page_number":204,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"a034f4df-37b3-40e4-abef-54cafd934dae","block_type":"box","text":"1,253,530","page_number":204,"box":{"x":646,"y":199,"width":72,"height":10}},{"id":"178288e8-6ac2-4659-95ac-f6659feca41b","block_type":"box","text":"136,592","page_number":204,"box":{"x":898,"y":199,"width":58,"height":10}},{"id":"8add2115-688f-419e-ac33-5f17cbc6d6f1","block_type":"box","text":"Cash and cash equivalents","page_number":204,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"1e319100-9ec4-42e7-b34d-02d6b08e705b","block_type":"box","text":"2,546,947","page_number":204,"box":{"x":645,"y":215,"width":73,"height":10}},{"id":"2a3e5c7a-9dd2-4310-830a-0f9a02ab18ef","block_type":"box","text":"1,782,058","page_number":204,"box":{"x":884,"y":215,"width":72,"height":10}},{"id":"184fb999-8a59-4e1e-b475-296963c9739e","block_type":"box","text":"Total assets","page_number":204,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"8a774dd0-2883-4ea8-bde4-3d5a758b61b1","block_type":"box","text":"52,027,492","page_number":204,"box":{"x":636,"y":232,"width":82,"height":10}},{"id":"a8f794bc-f81e-44d5-a0d7-d9d918d47d56","block_type":"box","text":"46,140,703","page_number":204,"box":{"x":873,"y":232,"width":83,"height":10}},{"id":"0913c5b9-4d27-476b-bad8-2e6ddeed4bb7","block_type":"box","text":"Liabilities","page_number":204,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"79f8747d-e616-48d1-92ec-928e1df736b1","block_type":"box","text":"Distribution payable","page_number":204,"box":{"x":55,"y":270,"width":145,"height":11}},{"id":"8fced786-bb86-4a43-8cdc-a43a25287deb","block_type":"box","text":"(604,162)","page_number":204,"box":{"x":648,"y":270,"width":71,"height":11}},{"id":"f6ce219d-fb43-4dda-b1ee-3079aefc2915","block_type":"box","text":"(393,724)","page_number":204,"box":{"x":886,"y":270,"width":71,"height":11}},{"id":"1e0a097b-cb20-4f55-94d4-1c4693dce25a","block_type":"box","text":"Other amounts payable","page_number":204,"box":{"x":54,"y":286,"width":174,"height":11}},{"id":"24f28881-3c76-42df-b47a-0247004fa408","block_type":"box","text":"(837,561)","page_number":204,"box":{"x":648,"y":286,"width":71,"height":11}},{"id":"432644fc-36b9-4899-9a8d-35ff06d8f7ce","block_type":"box","text":"(73,252)","page_number":204,"box":{"x":896,"y":286,"width":61,"height":11}},{"id":"962a6ea7-0d53-43e2-a66e-ae9a7ab6cd78","block_type":"box","text":"Total liabilities","page_number":204,"box":{"x":42,"y":303,"width":103,"height":9}},{"id":"515b74ee-b4cb-4a02-9416-138d05c5fede","block_type":"box","text":"(1,441,723)","page_number":204,"box":{"x":634,"y":303,"width":85,"height":11}},{"id":"77990ea4-d967-4ac8-8322-bc6197cfcbdf","block_type":"box","text":"(466,976)","page_number":204,"box":{"x":886,"y":303,"width":71,"height":11}},{"id":"216e3be3-8169-48c7-aad0-cf5325fcbe99","block_type":"box","text":"Net assets attributable to shareholders","page_number":204,"box":{"x":43,"y":320,"width":309,"height":9}},{"id":"b04ea908-c4ff-4322-8448-22351a555751","block_type":"box","text":"50,585,769","page_number":204,"box":{"x":636,"y":318,"width":82,"height":11}},{"id":"b152338a-e86c-4240-9201-77fdc0a2b8d7","block_type":"box","text":"45,673,727","page_number":204,"box":{"x":873,"y":318,"width":83,"height":11}},{"id":"c4d52c69-b765-4258-bc69-d415ae1cffbc","block_type":"box","text":"1","page_number":204,"box":{"x":43,"y":352,"width":2,"height":4}},{"id":"894bd31a-0296-4a51-96cb-5824ec6217b0","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":204,"box":{"x":46,"y":352,"width":910,"height":9}},{"id":"bf8c5dcc-268c-4fc5-a97d-c914d9c4a832","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":204,"box":{"x":42,"y":363,"width":915,"height":9}},{"id":"e76de665-779a-4b34-a32b-e469542991fc","block_type":"box","text":"shareholders.","page_number":204,"box":{"x":42,"y":375,"width":80,"height":7}},{"id":"9c2fa809-df15-47b1-aa00-6f59c2b06695","block_type":"box","text":"2","page_number":204,"box":{"x":42,"y":386,"width":4,"height":4}},{"id":"cbbb2aa6-c7e5-46e5-b54a-66da98e1376a","block_type":"box","text":"The sub-fund launched on 29 April 2025.","page_number":204,"box":{"x":46,"y":386,"width":241,"height":9}},{"id":"aeb809a2-19b3-4ac6-84ee-0bbf0477e515","block_type":"box","text":"All items in the balance sheet above are current.","page_number":204,"box":{"x":42,"y":412,"width":358,"height":8}},{"id":"9b345a8f-e0dd-4326-9fe5-9f461c3ba9a2","block_type":"box","text":"204","page_number":205,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"592b6fb5-51f1-497f-888c-bec1eb479d1d","block_type":"box","text":"205","page_number":205,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"5ffbb85c-8986-4e31-a0b9-ff08aaeccf35","block_type":"box","text":"SARASIN Cautious Managed","page_number":205,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"3cc4e8e9-4e96-4b63-a8d4-b5685b98a645","block_type":"box","text":"Notes to the Financial Statements","page_number":205,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"05a29950-c332-4296-9ffb-d1912ec9aac8","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":205,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"e6e802ef-45f0-478b-88f5-d5067ec173ec","block_type":"box","text":"1. Accounting Policies","page_number":205,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"ffb25ef2-31e4-482f-86cc-21dc06255f8e","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":205,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"3788f794-c89a-4a5a-a139-d01f51656a42","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":205,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"278f082e-a42f-48e1-ba99-d4b16097ad95","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":205,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"385c1559-f10e-4926-a8ce-c34fd3cf3065","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":205,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"ed7597c8-c5bb-4eba-91c0-e4e5a2ed523c","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":205,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"9dd437d7-e18a-49e4-8350-dd4c80a31b6b","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":205,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"9924c004-b878-4fc6-a277-f75bb31c005a","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":205,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"998ce966-38e1-463a-8dac-563c181a6e8c","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":205,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"5f70597f-b700-44d1-bb65-09f4547a1831","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":205,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"a3032062-f367-452b-9d37-f4c015786a9c","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":205,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"50ebbcd0-3d7d-4633-9b12-d8f6e7dfef7f","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":205,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"fc8fa962-d82d-4e68-9b29-08715ae4de59","block_type":"box","text":"the current period.","page_number":205,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"0b8836c7-e2a3-4e20-b99b-7964b7ce459e","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":205,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"d5aee994-2e0a-4b15-962a-eeaffcf453e2","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":205,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"fd0c837b-dede-4957-a973-b659cf4bb06c","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":205,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"1d9c867a-ff7e-421c-b6ff-8362d9b47e07","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":205,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"044a65a6-e6d3-4fa3-9b5a-c7951a092bf4","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":205,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"b2e35905-f7d7-43b8-873a-3c371e9b1f4b","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":205,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"d4ca1085-57ea-4f0a-8f80-1183ac769bbc","block_type":"box","text":"2. Related Parties","page_number":205,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"b35f3e6b-c1a7-4929-bf1b-6887230331d9","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":205,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"a4de7a14-8ddf-4c80-b824-ac3c38334566","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":205,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"24ba4046-6313-40d2-8c3f-cf711951c187","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":205,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"44e6fa99-5f5a-4b1a-831c-1eba2827522b","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":205,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"e2957a91-c7af-46c7-a150-1acc591b3b77","block_type":"box","text":"page 202","page_number":205,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"703fbb0f-0902-4549-ae39-39f4101d8984","block_type":"box","text":".","page_number":205,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"48b8bd92-f337-452f-a775-6094cf07c79d","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £17,712","page_number":205,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"326410c4-7c28-4529-969c-1f2b4e6e062d","block_type":"box","text":"(31 December 2025: £17,196).","page_number":205,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"7a47295b-ce7d-45cd-9ebe-85e5bee4053e","block_type":"box","text":"At the period end, Sarasin Cautious Managed held the following shares in any other sub-fund or collective investment","page_number":205,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"6573baed-410d-45cd-a6d2-5c19d3540c34","block_type":"box","text":"scheme managed by associated companies of Sarasin Investment Funds Limited:","page_number":205,"box":{"x":42,"y":587,"width":607,"height":11}},{"id":"ef9fd67e-d134-44fb-890c-714faa091d41","block_type":"box","text":"Related party as at 3 July 2026","page_number":205,"box":{"x":43,"y":611,"width":235,"height":11}},{"id":"28fb7ad3-544f-4b98-a9ab-1ec1f8f34adf","block_type":"box","text":"Held at","page_number":205,"box":{"x":790,"y":641,"width":43,"height":7}},{"id":"46075669-65d4-4d02-9d3c-a34285173f7f","block_type":"box","text":"03.07.2026","page_number":205,"box":{"x":761,"y":656,"width":66,"height":7}},{"id":"b609c180-4115-486c-bc99-6512d216aacb","block_type":"box","text":"1","page_number":205,"box":{"x":829,"y":654,"width":3,"height":5}},{"id":"38041ac5-c96b-4067-ae0b-f5fabc4c583d","block_type":"box","text":"Market","page_number":205,"box":{"x":915,"y":637,"width":42,"height":7}},{"id":"47cf7674-8ce5-45c1-984f-e05043927ee5","block_type":"box","text":"Value at","page_number":205,"box":{"x":906,"y":649,"width":51,"height":6}},{"id":"3d4bec3e-6d24-4909-ada6-a8c4bb24bd93","block_type":"box","text":"03.07.2026","page_number":205,"box":{"x":885,"y":663,"width":66,"height":7}},{"id":"eeaaf325-7f1a-4f7a-85cd-2610c9e269d6","block_type":"box","text":"1","page_number":205,"box":{"x":953,"y":661,"width":3,"height":5}},{"id":"930c9f93-f0f5-4568-99d2-a8a3f92bc660","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":205,"box":{"x":43,"y":676,"width":440,"height":11}},{"id":"fcc80339-7233-4801-957e-eb4146cc17a5","block_type":"box","text":"5,424,592","page_number":205,"box":{"x":759,"y":676,"width":74,"height":10}},{"id":"b20ae9c9-4228-4ca6-9e29-e1f84d9949f3","block_type":"box","text":"4,634,771","page_number":205,"box":{"x":883,"y":677,"width":71,"height":10}},{"id":"8d53b47a-bd5d-477e-99b5-6be6fbc8ac65","block_type":"box","text":"Related party as at 31 December 2025","page_number":205,"box":{"x":43,"y":711,"width":287,"height":11}},{"id":"628233fc-b0fb-4ab9-9cfd-e42645e3e0d5","block_type":"box","text":"Held at","page_number":205,"box":{"x":790,"y":742,"width":43,"height":7}},{"id":"8d940db2-3475-4fbe-9bb6-ce05f97b5851","block_type":"box","text":"31.12.2025","page_number":205,"box":{"x":767,"y":754,"width":66,"height":7}},{"id":"cc842faa-cf6f-4d3b-a979-5cc8a1d40f7e","block_type":"box","text":"Bid Market","page_number":205,"box":{"x":889,"y":738,"width":68,"height":7}},{"id":"b64b0835-bca3-4e40-887d-4b632db5451c","block_type":"box","text":"Value at","page_number":205,"box":{"x":906,"y":749,"width":51,"height":7}},{"id":"660b0ae0-2999-4d0a-8a7d-bd6844f3c070","block_type":"box","text":"31.12.2025","page_number":205,"box":{"x":890,"y":761,"width":67,"height":7}},{"id":"00a4e492-0d4c-49fb-9828-fd7d2aec6517","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":205,"box":{"x":43,"y":774,"width":440,"height":11}},{"id":"fe391f5e-bd1f-4c6d-b088-aafd920ebae4","block_type":"box","text":"5,661,198","page_number":205,"box":{"x":759,"y":774,"width":74,"height":10}},{"id":"6d7aa695-502c-43fe-83c0-f8dcda9bcc33","block_type":"box","text":"4,904,296","page_number":205,"box":{"x":883,"y":775,"width":73,"height":10}},{"id":"8a40e628-26aa-46f2-8daa-b2b166495afd","block_type":"box","text":"1","page_number":205,"box":{"x":43,"y":804,"width":2,"height":4}},{"id":"2cfc54c2-01fd-4251-8c2e-495e58df564d","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":205,"box":{"x":46,"y":804,"width":910,"height":9}},{"id":"545b1439-ba1c-44b4-bb3c-e8c094648cde","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":205,"box":{"x":42,"y":816,"width":915,"height":9}},{"id":"112bf822-02fb-4ba6-b1c6-f57353205d15","block_type":"box","text":"shareholders.","page_number":205,"box":{"x":42,"y":827,"width":80,"height":7}},{"id":"b6a58282-5e97-4780-b317-4c476d07fead","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 27.39% of the sub-fund on behalf of multiple beneficiaries","page_number":205,"box":{"x":42,"y":860,"width":920,"height":11}},{"id":"b9a578b9-d9d6-4a7e-a6c6-5efe05f0c068","block_type":"box","text":"(31 December 2025: Nil).","page_number":205,"box":{"x":43,"y":873,"width":185,"height":11}},{"id":"e1b6f79d-ecb6-4cc7-8dea-2ca2045fb283","block_type":"box","text":"205","page_number":206,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"1ac20029-cdef-48a1-afd3-1b95001aa183","block_type":"box","text":"SARASIN Cautious Managed","page_number":206,"box":{"x":43,"y":34,"width":275,"height":13}},{"id":"19ab16d4-e2ca-40cd-b7a4-63920d35bd70","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":206,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"f8acdcfc-6e4f-42de-a01a-2f2e40c0c682","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":206,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"3e40cfe8-a95d-413f-a7f9-2bda8dadc38e","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":206,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"01a876c9-f47f-436b-a060-098b7f3e237a","block_type":"box","text":"their fair value.","page_number":206,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"746a6152-cab8-40fd-ba0e-f0ca10cf5d29","block_type":"box","text":"Valuation technique as","page_number":206,"box":{"x":44,"y":171,"width":145,"height":9}},{"id":"b5098c52-ace6-4697-aa8a-882cac9ce426","block_type":"box","text":"at","page_number":206,"box":{"x":194,"y":172,"width":11,"height":6}},{"id":"2f31ebab-2251-4fd7-808d-9c570c591fe7","block_type":"box","text":"3 July 2026","page_number":206,"box":{"x":210,"y":171,"width":70,"height":9}},{"id":"d6f08eb6-64d6-4223-9048-3f345f31e343","block_type":"box","text":"1","page_number":206,"box":{"x":282,"y":169,"width":3,"height":5}},{"id":"d2a0b120-f3ba-4718-934d-3edba4437ebe","block_type":"box","text":"Financial Assets","page_number":206,"box":{"x":45,"y":197,"width":104,"height":7}},{"id":"6c5b33da-ab8b-4d2e-914e-bed61e046f31","block_type":"box","text":"Level 1","page_number":206,"box":{"x":563,"y":186,"width":42,"height":7}},{"id":"9c4425f2-8799-48c9-ad83-cbd64f9476df","block_type":"box","text":"£","page_number":206,"box":{"x":600,"y":197,"width":7,"height":7}},{"id":"1b06b20b-6d97-4135-bcdf-55361bfc59f7","block_type":"box","text":"Level 2","page_number":206,"box":{"x":679,"y":186,"width":44,"height":7}},{"id":"86c5fb16-2fe0-4c0d-9638-93e037256248","block_type":"box","text":"£","page_number":206,"box":{"x":717,"y":197,"width":7,"height":7}},{"id":"c999a14e-1859-4ac2-8ccd-bc8e4a2686b7","block_type":"box","text":"Level 3","page_number":206,"box":{"x":796,"y":186,"width":44,"height":7}},{"id":"a4cc150b-1682-4b5e-a880-6c1dde7d8eb5","block_type":"box","text":"£","page_number":206,"box":{"x":833,"y":197,"width":7,"height":7}},{"id":"51b4f460-3dd4-4551-a10e-aa5d71cc9317","block_type":"box","text":"Total","page_number":206,"box":{"x":926,"y":186,"width":30,"height":7}},{"id":"38202819-7109-4750-aad6-91a6c005bf33","block_type":"box","text":"£","page_number":206,"box":{"x":950,"y":197,"width":7,"height":7}},{"id":"ad73b687-8039-43b4-96c2-3b2a7ee4bca9","block_type":"box","text":"Collective Investment Schemes","page_number":206,"box":{"x":45,"y":215,"width":233,"height":9}},{"id":"9c048f62-ecd9-4d73-9191-f8ea5af59559","block_type":"box","text":"22,518,665","page_number":206,"box":{"x":524,"y":215,"width":83,"height":11}},{"id":"5685c780-5f8e-4d47-b8aa-63fb8d6be978","block_type":"box","text":"12,255,431","page_number":206,"box":{"x":642,"y":215,"width":79,"height":11}},{"id":"2bc0caa0-5892-4c49-a025-83e983ea4787","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":220,"width":10,"height":1}},{"id":"31ed4ab0-fe06-4898-9ca6-63c4e352f087","block_type":"box","text":"34,774,096","page_number":206,"box":{"x":874,"y":215,"width":82,"height":11}},{"id":"e0099371-e051-42c0-8e39-c8a45d7420e1","block_type":"box","text":"Debt Securities","page_number":206,"box":{"x":45,"y":231,"width":112,"height":8}},{"id":"ef7a52bf-bfb7-4e3f-bb7d-373c41e5ccf8","block_type":"box","text":"9,334,201","page_number":206,"box":{"x":533,"y":231,"width":71,"height":10}},{"id":"6a75a96a-1b76-4f39-886f-6ddb6fef45b5","block_type":"box","text":"–","page_number":206,"box":{"x":715,"y":236,"width":9,"height":1}},{"id":"b29487f4-daca-4815-8d47-e4ca87a78bdd","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":236,"width":10,"height":1}},{"id":"5a6346a4-cdfe-4be2-bbc5-ce2e669d37db","block_type":"box","text":"9,334,201","page_number":206,"box":{"x":883,"y":231,"width":71,"height":10}},{"id":"04176a6f-7adb-47d9-b71d-3653e24e463a","block_type":"box","text":"Equities","page_number":206,"box":{"x":45,"y":246,"width":58,"height":11}},{"id":"8638d3d9-9b1f-4d7c-a63e-a3e241868be8","block_type":"box","text":"4,085,420","page_number":206,"box":{"x":533,"y":246,"width":73,"height":10}},{"id":"fbbf9877-9d34-45ea-9281-c5b3d7d23c26","block_type":"box","text":"–","page_number":206,"box":{"x":715,"y":251,"width":9,"height":1}},{"id":"21cf911a-c6c8-4542-8da1-312eefb76165","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":251,"width":10,"height":1}},{"id":"e1a30981-ebd7-43f0-87eb-052b0f31ba01","block_type":"box","text":"4,085,420","page_number":206,"box":{"x":883,"y":246,"width":73,"height":10}},{"id":"4b08cfa5-df46-468f-9c7f-38fb3165f689","block_type":"box","text":"Options","page_number":206,"box":{"x":45,"y":261,"width":56,"height":11}},{"id":"d7a26316-e27e-469d-8e3e-622262effce1","block_type":"box","text":"33,298","page_number":206,"box":{"x":557,"y":261,"width":50,"height":11}},{"id":"39613d60-4d79-477a-8c5a-b9e7f6384ac9","block_type":"box","text":"–","page_number":206,"box":{"x":715,"y":266,"width":9,"height":1}},{"id":"a0dc81ad-d1bc-44cf-97ea-6baa6b7d15d7","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":266,"width":10,"height":1}},{"id":"b7f8d869-0892-412c-a164-4486f74ac203","block_type":"box","text":"33,298","page_number":206,"box":{"x":907,"y":261,"width":49,"height":11}},{"id":"6204336c-49cf-48de-ac3e-5012559e54b1","block_type":"box","text":"35,971,584","page_number":206,"box":{"x":524,"y":277,"width":82,"height":11}},{"id":"20a529d8-918d-47ca-a8d6-2d278b2fdfe4","block_type":"box","text":"12,255,431","page_number":206,"box":{"x":642,"y":277,"width":79,"height":11}},{"id":"fdaeb4db-fb80-4e57-bbcc-61214f484707","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":282,"width":10,"height":1}},{"id":"eab6af7c-2840-402f-b2f6-b71542414205","block_type":"box","text":"48,227,015","page_number":206,"box":{"x":873,"y":277,"width":83,"height":11}},{"id":"4357c34b-c6fb-417f-9830-87092f8fedaa","block_type":"box","text":"Valuation technique as at","page_number":206,"box":{"x":44,"y":309,"width":161,"height":8}},{"id":"4e7863d2-e5fc-4918-a4a5-5c3fe2a92784","block_type":"box","text":"31 December 2025","page_number":206,"box":{"x":210,"y":309,"width":116,"height":7}},{"id":"784cff65-0637-4a0b-8625-91f2fa1012f5","block_type":"box","text":"Financial Assets","page_number":206,"box":{"x":45,"y":334,"width":104,"height":7}},{"id":"28ab0fa1-5d56-41bf-81c0-6ba32f5ae4a0","block_type":"box","text":"Level 1","page_number":206,"box":{"x":563,"y":323,"width":42,"height":7}},{"id":"9e1b754b-0135-4c72-b15d-0e48c98040fc","block_type":"box","text":"£","page_number":206,"box":{"x":600,"y":334,"width":7,"height":7}},{"id":"769752d5-507a-41cc-88d9-e73412d51417","block_type":"box","text":"Level 2","page_number":206,"box":{"x":679,"y":323,"width":44,"height":7}},{"id":"3f004632-5db4-46a3-b931-f44761263431","block_type":"box","text":"£","page_number":206,"box":{"x":717,"y":334,"width":7,"height":7}},{"id":"45085a98-fa3e-4de5-8e7d-4cc44a92ffdc","block_type":"box","text":"Level 3","page_number":206,"box":{"x":796,"y":323,"width":44,"height":7}},{"id":"f80d33d1-5a9b-4bc2-a418-32b5f60b9da9","block_type":"box","text":"£","page_number":206,"box":{"x":833,"y":334,"width":7,"height":7}},{"id":"79a1818f-dfcc-4845-8834-0a0f30ca707f","block_type":"box","text":"Total","page_number":206,"box":{"x":926,"y":323,"width":30,"height":7}},{"id":"9064c965-4af6-49f7-bb7a-ad345461f504","block_type":"box","text":"£","page_number":206,"box":{"x":950,"y":334,"width":7,"height":7}},{"id":"adeef43f-f479-44ba-8b87-19ae7e4496a8","block_type":"box","text":"Collective Investment Schemes","page_number":206,"box":{"x":45,"y":352,"width":233,"height":9}},{"id":"e72dafd4-9419-47ad-bb04-fa1b142a2fd1","block_type":"box","text":"23,879,429","page_number":206,"box":{"x":524,"y":352,"width":83,"height":11}},{"id":"4440a019-aa45-47c9-b096-417bb8c08f32","block_type":"box","text":"9,693,115","page_number":206,"box":{"x":651,"y":352,"width":72,"height":11}},{"id":"736f4485-2ddb-4be5-9402-86bfe7058563","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":358,"width":10,"height":0}},{"id":"285adc4a-c5a7-4dbd-ad03-a610d0ec54c8","block_type":"box","text":"33,572,544","page_number":206,"box":{"x":874,"y":352,"width":82,"height":11}},{"id":"888bebbd-15c6-4ba6-b63d-0c8ec2fbcfc3","block_type":"box","text":"Debt Securities","page_number":206,"box":{"x":45,"y":368,"width":112,"height":9}},{"id":"40d9cb6e-8fbb-400c-8e2e-028ec64c4228","block_type":"box","text":"6,893,857","page_number":206,"box":{"x":533,"y":368,"width":74,"height":10}},{"id":"199ec281-b8ea-48eb-8b93-e8756b04fc2b","block_type":"box","text":"–","page_number":206,"box":{"x":715,"y":373,"width":9,"height":1}},{"id":"e47af410-ad37-4d80-b4fb-cbba09f35059","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":373,"width":10,"height":1}},{"id":"e8ecadba-1085-4328-ab96-7b4cc8e17f9e","block_type":"box","text":"6,893,857","page_number":206,"box":{"x":883,"y":368,"width":73,"height":10}},{"id":"25c94af2-db88-4b87-8458-c1ad8100ff79","block_type":"box","text":"Equities","page_number":206,"box":{"x":45,"y":383,"width":58,"height":11}},{"id":"6f5f7d43-b401-4c96-800f-df7760f13de7","block_type":"box","text":"3,755,652","page_number":206,"box":{"x":533,"y":383,"width":73,"height":10}},{"id":"9f5d4f07-2663-43a9-9b7d-c8be320755e2","block_type":"box","text":"–","page_number":206,"box":{"x":715,"y":388,"width":9,"height":1}},{"id":"d4ee3f17-59c5-4d0e-bc61-aab2215a55ee","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":388,"width":10,"height":1}},{"id":"b138b9d8-f110-4674-b309-7d75c6f32d67","block_type":"box","text":"3,755,652","page_number":206,"box":{"x":883,"y":383,"width":73,"height":10}},{"id":"efbfd816-71f0-48d1-b52c-0a0c6cc1d4db","block_type":"box","text":"34,528,938","page_number":206,"box":{"x":524,"y":399,"width":83,"height":11}},{"id":"26351bef-47c2-44e4-b6e6-185cb1f69a47","block_type":"box","text":"9,693,115","page_number":206,"box":{"x":651,"y":399,"width":72,"height":11}},{"id":"58cc7acd-d6d6-444f-b9a4-bca42534a4d6","block_type":"box","text":"–","page_number":206,"box":{"x":831,"y":404,"width":10,"height":1}},{"id":"197a0968-e8f4-4d11-b898-6c9d3dec67c4","block_type":"box","text":"44,222,053","page_number":206,"box":{"x":873,"y":399,"width":83,"height":11}},{"id":"f5c20317-fa5d-4553-8a2b-7db35b3b4dab","block_type":"box","text":"1","page_number":206,"box":{"x":43,"y":442,"width":2,"height":4}},{"id":"271158a9-4f46-4932-918e-5c00a01f54e3","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":206,"box":{"x":46,"y":442,"width":910,"height":9}},{"id":"2c93e6bc-5b92-44b3-944d-61d4efa65f6c","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":206,"box":{"x":42,"y":454,"width":915,"height":9}},{"id":"bf6e6d34-6950-483a-9156-08daaba30bd1","block_type":"box","text":"shareholders.","page_number":206,"box":{"x":42,"y":465,"width":80,"height":7}},{"id":"88d0da42-0b62-43ed-b9fc-dd1f2099d5e0","block_type":"box","text":"Level 1","page_number":206,"box":{"x":43,"y":497,"width":53,"height":9}},{"id":"11b3c84a-f12d-40e7-972b-da611b2c275d","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":206,"box":{"x":42,"y":510,"width":920,"height":11}},{"id":"e5b3428e-2a69-43c7-9dac-5d24846c8147","block_type":"box","text":"date.","page_number":206,"box":{"x":42,"y":523,"width":36,"height":9}},{"id":"63b24e9b-13a2-4026-aafb-a40e8de3517b","block_type":"box","text":"Level 2","page_number":206,"box":{"x":43,"y":548,"width":55,"height":9}},{"id":"92e5e6e5-4d9d-4631-8391-38db7092c597","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":206,"box":{"x":42,"y":561,"width":894,"height":11}},{"id":"9f42e5b4-6cab-460e-835b-b71af4412693","block_type":"box","text":"Level 3","page_number":206,"box":{"x":43,"y":586,"width":55,"height":9}},{"id":"e5863ab3-1784-4ca5-a144-a9f75215372d","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":206,"box":{"x":42,"y":599,"width":678,"height":11}},{"id":"c3866098-8ae1-4410-94a6-502ea39d7985","block_type":"box","text":"206","page_number":207,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"48fb9311-7e8e-4084-add7-4078c1880aba","block_type":"box","text":"207","page_number":207,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"c0a8f0f2-95b6-49ff-92df-cd001705f9f7","block_type":"box","text":"SARASIN Equity Managed","page_number":207,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"8d9089a3-cab5-4a50-92a5-e9914e0e52a7","block_type":"box","text":"Investment Objective and Policy","page_number":207,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"55571376-7e2d-4bfe-834e-852173968050","block_type":"box","text":"Investment Objective","page_number":207,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"0af8ef57-388f-439b-b720-0a363d34ad6a","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":207,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"9d607bd1-f69a-43cf-a684-8bdf68e33da2","block_type":"box","text":"investment value and income) by 5% per year more than","page_number":207,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"c58bf69b-44c3-4e13-9d67-89d59e31d1d2","block_type":"box","text":"the Consumer Price Index (CPI) over a rolling 7-year period,","page_number":207,"box":{"x":42,"y":138,"width":450,"height":11}},{"id":"8af26056-9676-4455-bffe-0bbb4da1dc99","block_type":"box","text":"after deducting fees and costs, by investing in a diversified","page_number":207,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"1d318d44-1794-4305-861d-09e58c8bce25","block_type":"box","text":"portfolio of company shares (“equity”).","page_number":207,"box":{"x":43,"y":166,"width":280,"height":12}},{"id":"435aa86c-65ee-43ca-ab26-df580ed95247","block_type":"box","text":"This target is not guaranteed over any period of time and the","page_number":207,"box":{"x":42,"y":191,"width":450,"height":12}},{"id":"33b8cb33-3a0b-4563-81fd-b297d97e1c85","block_type":"box","text":"sub-fund could lose value.","page_number":207,"box":{"x":42,"y":206,"width":193,"height":8}},{"id":"919485bd-fce5-4418-a516-055898af6148","block_type":"box","text":"Investment Policy","page_number":207,"box":{"x":43,"y":231,"width":141,"height":11}},{"id":"72d90b7e-83c3-4f06-bd64-cb64439de144","block_type":"box","text":"Investments","page_number":207,"box":{"x":43,"y":245,"width":89,"height":9}},{"id":"6d2b1a96-915d-49db-a6d0-f6edc91305e2","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":207,"box":{"x":42,"y":270,"width":450,"height":9}},{"id":"8d2aa608-470b-457d-a3f4-db2ed2426f72","block_type":"box","text":"collective investment schemes (including exchange traded","page_number":207,"box":{"x":42,"y":284,"width":450,"height":11}},{"id":"176d18d1-6dcc-44b6-b89d-e799dc4766ea","block_type":"box","text":"funds, active and index trackers). Up to a maximum of 50% of","page_number":207,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"0876f773-b2ee-4b20-81d2-34cb66f4ddd5","block_type":"box","text":"the sub-fund may be invested in funds managed or operated","page_number":207,"box":{"x":42,"y":313,"width":450,"height":11}},{"id":"2ef4d509-cbdb-48e7-8dfe-13c5c5de7868","block_type":"box","text":"by Sarasin or its associates. Through these investments, the","page_number":207,"box":{"x":43,"y":327,"width":449,"height":11}},{"id":"bc0e6456-4397-4145-92f3-6deff3578c6f","block_type":"box","text":"sub-fund will indirectly be exposed to shares, also known as","page_number":207,"box":{"x":42,"y":341,"width":450,"height":11}},{"id":"cd783e2e-feb3-4ba3-9dcb-3a4a2009f204","block_type":"box","text":"equities, issued by companies from around the world, and","page_number":207,"box":{"x":42,"y":355,"width":450,"height":12}},{"id":"ddea3a2e-f027-4062-a178-841e4f822c31","block_type":"box","text":"may indirectly be exposed to other asset classes including","page_number":207,"box":{"x":43,"y":370,"width":449,"height":11}},{"id":"52d4a2b8-c5b5-43d2-8146-37b4b14dca65","block_type":"box","text":"(but not limited to) bonds, alternative investments and cash.","page_number":207,"box":{"x":43,"y":384,"width":449,"height":11}},{"id":"c98110c0-fe60-4eb6-8ab6-4c603b514c8f","block_type":"box","text":"The sub-fund may invest up to a maximum of 50% in these","page_number":207,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"df0b2476-42f6-4ec5-a0cb-727e8f6f4ff3","block_type":"box","text":"asset classes directly.","page_number":207,"box":{"x":42,"y":412,"width":160,"height":12}},{"id":"8f9881d6-77a4-4f4b-979a-a7a785208bd7","block_type":"box","text":"Investment Selection","page_number":207,"box":{"x":43,"y":437,"width":154,"height":9}},{"id":"c0cc21b9-620a-42b6-b90d-273a0cea550d","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":207,"box":{"x":42,"y":462,"width":450,"height":11}},{"id":"b4d9b14f-9597-4b41-ba93-107c9572cdf4","block_type":"box","text":"which offers funds with different expected combinations of","page_number":207,"box":{"x":42,"y":476,"width":450,"height":12}},{"id":"87da1ed3-630d-4841-b005-5294af076c57","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":207,"box":{"x":43,"y":491,"width":449,"height":11}},{"id":"a0bc9f35-646c-4880-9383-a7c0c92eddad","block_type":"box","text":"approach to asset allocation, which means it sets long-term","page_number":207,"box":{"x":42,"y":505,"width":450,"height":11}},{"id":"8dd0184b-21cf-46af-875e-e23494c215df","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":207,"box":{"x":42,"y":519,"width":450,"height":11}},{"id":"de764956-9c43-4c37-8c6a-a7f25cf55ea6","block_type":"box","text":"The sub-fund typically invests in company shares that have","page_number":207,"box":{"x":42,"y":533,"width":450,"height":12}},{"id":"94a2fbae-0b63-475a-910f-ad0ee94fbe10","block_type":"box","text":"the potential for greater returns but come with a higher risk of","page_number":207,"box":{"x":42,"y":548,"width":450,"height":11}},{"id":"cce55032-68ad-4f4e-b69e-37773522827f","block_type":"box","text":"losing capital, but may also invest in bonds and cash, which","page_number":207,"box":{"x":43,"y":562,"width":449,"height":11}},{"id":"35abcbd3-68b4-4e20-b145-609924013152","block_type":"box","text":"typically have lower risk. The sub-fund therefore aims to","page_number":207,"box":{"x":42,"y":576,"width":450,"height":12}},{"id":"362dcf92-1293-471b-97fa-6f4a62d78f45","block_type":"box","text":"achieve a moderate to high level of risk and return.","page_number":207,"box":{"x":42,"y":591,"width":375,"height":11}},{"id":"838ecf8e-2cb9-4b5a-beec-3df4f4998e94","block_type":"box","text":"Exposure will be achieved both directly and indirectly in","page_number":207,"box":{"x":43,"y":616,"width":449,"height":11}},{"id":"dc4929a5-d27a-447c-bdf1-c7542d51f6e1","block_type":"box","text":"respect of bonds, shares and alternative investments.","page_number":207,"box":{"x":43,"y":630,"width":395,"height":11}},{"id":"d75f429b-cd7c-4eff-98ec-99bcad8cfd9b","block_type":"box","text":"Between 80-100%, but typically 100%, of the sub-fund will","page_number":207,"box":{"x":43,"y":655,"width":449,"height":11}},{"id":"bea0cd14-a720-482b-b874-e7849d5e39e7","block_type":"box","text":"be exposed to shares in companies from across the world.","page_number":207,"box":{"x":43,"y":669,"width":431,"height":11}},{"id":"62c7b5a3-34bc-4d92-966d-4d191ff3ecdd","block_type":"box","text":"Between 0-20%, but typically 0%, of the sub-fund will","page_number":207,"box":{"x":43,"y":694,"width":443,"height":11}},{"id":"5494ff45-758c-498c-8712-5d88a6d12782","block_type":"box","text":"be exposed to bonds, which are loans typically issued by","page_number":207,"box":{"x":43,"y":708,"width":444,"height":11}},{"id":"48c16872-657f-47a1-bc8b-85e9afbe4072","block_type":"box","text":"companies, institutions and governments. This may include","page_number":207,"box":{"x":42,"y":723,"width":445,"height":11}},{"id":"a68a8432-c7aa-4386-a6b9-2425d2fb4329","block_type":"box","text":"investment grade bonds, where the issuer has a higher","page_number":207,"box":{"x":43,"y":737,"width":445,"height":11}},{"id":"d7a545c1-cbbc-4686-bb21-c66c852bec86","block_type":"box","text":"capacity to repay the debt, as well as sub-investment grade","page_number":207,"box":{"x":42,"y":751,"width":445,"height":11}},{"id":"2f88b359-7551-46ed-956a-0b155234f9a6","block_type":"box","text":"bonds, which can be more vulnerable to changing market","page_number":207,"box":{"x":43,"y":765,"width":444,"height":11}},{"id":"6b372126-6cb5-4dd3-a8b8-333ef54bc903","block_type":"box","text":"conditions but typically pay a higher rate of interest.","page_number":207,"box":{"x":42,"y":779,"width":380,"height":12}},{"id":"6db58c4c-5da5-45f0-aef3-2edd3478231a","block_type":"box","text":"Between 0-45%, but typically 0%, of the sub-fund will be","page_number":207,"box":{"x":43,"y":804,"width":444,"height":12}},{"id":"262b33dc-81b2-4664-882b-f2b92c9f71f6","block_type":"box","text":"exposed to cash and alternative investments which include,","page_number":207,"box":{"x":42,"y":819,"width":444,"height":11}},{"id":"7b637adc-597c-4ca1-99c9-0c1526a9a762","block_type":"box","text":"but are not limited to, infrastructure, commodities and (up","page_number":207,"box":{"x":43,"y":833,"width":444,"height":11}},{"id":"31a89162-38bc-4d40-ac93-dbacf7dd8b87","block_type":"box","text":"to a max. 10%) private equity/venture capital which may be","page_number":207,"box":{"x":42,"y":847,"width":450,"height":11}},{"id":"b28b28b4-cde9-4253-931f-557f65ae914f","block_type":"box","text":"accessed through listed investment trusts and open-ended","page_number":207,"box":{"x":42,"y":862,"width":450,"height":11}},{"id":"d4f51d92-aa9e-4e61-974e-5798cdd2c954","block_type":"box","text":"funds or other financial instruments.","page_number":207,"box":{"x":42,"y":876,"width":264,"height":9}},{"id":"3b1bec17-b312-4913-ae92-49c63239164b","block_type":"box","text":"Through investing in other funds, the sub-fund may also be","page_number":207,"box":{"x":42,"y":901,"width":450,"height":11}},{"id":"6a4afb81-3358-41fa-9ab4-a05239912231","block_type":"box","text":"exposed to other asset classes such as property, money","page_number":207,"box":{"x":42,"y":915,"width":445,"height":11}},{"id":"c0757f9c-392c-4edb-899c-260603aa689f","block_type":"box","text":"market instruments, which are shorter term loans, and other","page_number":207,"box":{"x":43,"y":929,"width":445,"height":11}},{"id":"4c79b384-ecb4-4b91-b070-743c54cc22de","block_type":"box","text":"permitted investments.","page_number":207,"box":{"x":43,"y":944,"width":166,"height":11}},{"id":"394994f3-4a03-4e87-a888-37e75af7646b","block_type":"box","text":"The sub-fund is actively managed, which means the","page_number":207,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"ff318943-eb91-4ebd-b1df-48c113267fcb","block_type":"box","text":"Investment Manager decides which investments to buy or","page_number":207,"box":{"x":513,"y":93,"width":449,"height":12}},{"id":"3ba7d4ee-cd7b-4a20-8ccd-fd044185744c","block_type":"box","text":"sell and when, albeit some of these investments may be","page_number":207,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"836d1834-7e36-4271-9f4a-cf13270b4ccf","block_type":"box","text":"passively managed i.e. typically tracking an index such as","page_number":207,"box":{"x":513,"y":122,"width":449,"height":11}},{"id":"b112f998-d591-4a5c-9042-9b3777e31f04","block_type":"box","text":"exchange traded funds.","page_number":207,"box":{"x":512,"y":136,"width":174,"height":11}},{"id":"0027003b-9ad1-4a11-b677-d7222288453f","block_type":"box","text":"Additional Techniques","page_number":207,"box":{"x":511,"y":161,"width":164,"height":11}},{"id":"6bdb2c6b-2d4c-4adb-a3bf-bc2f0248d0c1","block_type":"box","text":"We may only use derivatives (financial contracts whose","page_number":207,"box":{"x":512,"y":186,"width":450,"height":11}},{"id":"e3224c50-8a76-4af0-8192-ffc4b7ae000b","block_type":"box","text":"value is linked to the price of another asset e.g. indices,","page_number":207,"box":{"x":512,"y":200,"width":450,"height":12}},{"id":"7de39191-7227-4298-ab32-34a28c5c0b76","block_type":"box","text":"rates, share prices, currencies) to maintain the sub-fund’s","page_number":207,"box":{"x":513,"y":215,"width":449,"height":11}},{"id":"656c6058-cf55-4b9a-8eec-31785d262263","block_type":"box","text":"value, manage investment risk and to gain cost-effective","page_number":207,"box":{"x":512,"y":229,"width":450,"height":11}},{"id":"e78d32b5-3573-4177-aaa5-feaca81b3ccf","block_type":"box","text":"access to investments. Funds purchased may also have the","page_number":207,"box":{"x":512,"y":243,"width":450,"height":11}},{"id":"2e57be70-fdd2-442c-99c9-6c735b47ee3d","block_type":"box","text":"ability to use derivatives to varying degrees.","page_number":207,"box":{"x":512,"y":257,"width":324,"height":12}},{"id":"70c74d97-d933-40c7-94b2-ae79fb6c79fd","block_type":"box","text":"Benchmark Information","page_number":207,"box":{"x":513,"y":282,"width":186,"height":9}},{"id":"6f9759c4-76d7-444b-baa6-841042fc8bb2","block_type":"box","text":"The sub-fund’s performance can be assessed by reference","page_number":207,"box":{"x":512,"y":297,"width":450,"height":11}},{"id":"624f7a7e-560e-45cc-9c48-a3c47b63e74c","block_type":"box","text":"to the Consumer Price Index (CPI) +5%, which is a measure","page_number":207,"box":{"x":512,"y":311,"width":450,"height":11}},{"id":"1f75c9ed-4737-4ce5-a657-62c5f219f5c2","block_type":"box","text":"of inflation as expressed in the Investment Objective. It is","page_number":207,"box":{"x":512,"y":325,"width":450,"height":11}},{"id":"8e869a7c-48bd-4c97-9e87-81742b5c8b5d","block_type":"box","text":"widely used, independently calculated, readily available","page_number":207,"box":{"x":512,"y":339,"width":450,"height":12}},{"id":"b596ca02-4b43-4e35-9ad2-e38792cb60b2","block_type":"box","text":"and representative of the long-term return target based on","page_number":207,"box":{"x":512,"y":354,"width":450,"height":11}},{"id":"29b8b284-ceaf-45db-ac61-b822020e0736","block_type":"box","text":"the sub-fund’s typical strategic weighting to different asset","page_number":207,"box":{"x":512,"y":368,"width":450,"height":11}},{"id":"a76f4ab0-7a8b-49bb-ba8b-83b4a283cb1f","block_type":"box","text":"classes described above.","page_number":207,"box":{"x":512,"y":382,"width":187,"height":9}},{"id":"1098be62-eafb-4f83-b51c-c19d6bbacac7","block_type":"box","text":"Investors may also compare the sub-fund’s performance","page_number":207,"box":{"x":513,"y":407,"width":449,"height":11}},{"id":"7dd50291-27fe-48be-b472-468953aa8b5e","block_type":"box","text":"to the Investment Association (IA) Global sector. Many","page_number":207,"box":{"x":512,"y":421,"width":450,"height":12}},{"id":"f2d44063-ec69-46e1-b3ec-0289eb29aa7a","block_type":"box","text":"funds sold in the UK are grouped into sectors by the IA","page_number":207,"box":{"x":512,"y":436,"width":450,"height":11}},{"id":"d1a81347-2749-4a53-aef9-06636dc03871","block_type":"box","text":"(the trade body that represents UK investment managers),","page_number":207,"box":{"x":513,"y":450,"width":449,"height":11}},{"id":"82154342-2554-4854-8c40-2b448116e781","block_type":"box","text":"to help investors to compare funds with broadly similar","page_number":207,"box":{"x":512,"y":464,"width":450,"height":11}},{"id":"d717acdf-f100-4b05-8736-67d76c9d4a1b","block_type":"box","text":"characteristics. This sub-fund is classified in the IA Global","page_number":207,"box":{"x":512,"y":478,"width":450,"height":9}},{"id":"b97bc7f5-66e2-4202-9c91-fa703fb3d3be","block_type":"box","text":"Sector and assessing the sub-fund’s performance against","page_number":207,"box":{"x":512,"y":493,"width":450,"height":11}},{"id":"9667c91b-48a5-4bc4-9292-7bf3f390083e","block_type":"box","text":"this sector will allow investors to compare how the sub-fund","page_number":207,"box":{"x":512,"y":507,"width":450,"height":11}},{"id":"2b83aeac-bc37-4980-8780-b58ef8c340e7","block_type":"box","text":"is performing relative to its peers.","page_number":207,"box":{"x":513,"y":521,"width":244,"height":11}},{"id":"1d8b08d9-ac04-4409-93ef-d3de4a0f7597","block_type":"box","text":"207","page_number":208,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"01acc27b-659d-4e0d-92d6-4f861578e07d","block_type":"box","text":"SARASIN Equity Managed","page_number":208,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"c6b7155a-aeb2-42e8-a40d-f335c1403843","block_type":"box","text":"Sensitivity Analysis","page_number":208,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"779e435a-21c4-4cc8-a584-462f1aafa0eb","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":208,"box":{"x":42,"y":93,"width":450,"height":9}},{"id":"a2a45816-11c7-4c4b-8785-c60c2ab618cf","block_type":"box","text":"collective investment schemes. Up to a maximum of 50%","page_number":208,"box":{"x":42,"y":108,"width":450,"height":11}},{"id":"a24f0754-8e41-4891-ab5a-6dde5f5f896e","block_type":"box","text":"may be invested in funds managed or operated by Sarasin","page_number":208,"box":{"x":43,"y":122,"width":449,"height":11}},{"id":"6240e14e-8643-4e64-a00d-ba9e9a14b7cd","block_type":"box","text":"or its associates. Through these investments, the sub-fund","page_number":208,"box":{"x":42,"y":136,"width":450,"height":11}},{"id":"ee965b4b-6185-4192-8e4e-973d57586b44","block_type":"box","text":"will indirectly be exposed to equities and may indirectly be","page_number":208,"box":{"x":42,"y":151,"width":450,"height":11}},{"id":"258bc47a-b179-4afd-bb3b-ad6d766f3a86","block_type":"box","text":"exposed to other asset classes such as bonds, alternative","page_number":208,"box":{"x":42,"y":165,"width":450,"height":11}},{"id":"1884f918-31ee-4c1d-8397-f01900b99bde","block_type":"box","text":"investments and cash. The sub-fund may invest up to a","page_number":208,"box":{"x":43,"y":179,"width":449,"height":11}},{"id":"33324a47-f489-48ff-b9bf-bd5f7db8459e","block_type":"box","text":"maximum of 50% in these asset classes directly.","page_number":208,"box":{"x":43,"y":193,"width":357,"height":11}},{"id":"b039e86c-fc03-4d16-a8f5-3039eda4b0dc","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":208,"box":{"x":42,"y":218,"width":450,"height":11}},{"id":"17186a19-47ed-45a6-b9a1-decd436f5589","block_type":"box","text":"which offers funds with different expected combinations of","page_number":208,"box":{"x":42,"y":232,"width":450,"height":11}},{"id":"5fa94d76-7126-40bf-b444-a0101a27f14c","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":208,"box":{"x":43,"y":247,"width":449,"height":11}},{"id":"53c64371-62b1-4701-ae72-2afb3747df3f","block_type":"box","text":"approach to asset allocation which means it sets long term","page_number":208,"box":{"x":42,"y":261,"width":450,"height":11}},{"id":"0232b546-2284-46de-93d0-35eec8a7c345","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":208,"box":{"x":42,"y":275,"width":450,"height":11}},{"id":"b5bb95f4-e7d3-45d2-8b52-71811782677e","block_type":"box","text":"The sub-fund aims to achieve a moderate to high level of risk","page_number":208,"box":{"x":42,"y":289,"width":450,"height":12}},{"id":"1230dae3-04d1-4c3a-9028-c9c569d41f5e","block_type":"box","text":"and return. Between 0-20%, but typically 0%, of the sub-fund","page_number":208,"box":{"x":42,"y":304,"width":450,"height":11}},{"id":"46eea733-093a-49fa-b75c-7ca7c394e360","block_type":"box","text":"will be exposed to bonds. Between 80-100%, but typically","page_number":208,"box":{"x":42,"y":318,"width":450,"height":11}},{"id":"43fc316e-9d32-4481-8d66-db6e3e8ec56b","block_type":"box","text":"100%, of the sub-fund will be exposed to equities. Between","page_number":208,"box":{"x":44,"y":332,"width":448,"height":11}},{"id":"59cb8767-cb47-4dbd-8dd7-a6c1d9d05c16","block_type":"box","text":"0-45%, but typically 0%, of the sub-fund will be exposed to","page_number":208,"box":{"x":43,"y":346,"width":449,"height":12}},{"id":"d561453f-37cb-4fa6-972b-4f1c20d40c47","block_type":"box","text":"cash and alternative investments.","page_number":208,"box":{"x":42,"y":361,"width":248,"height":9}},{"id":"f79017fb-f3c6-4c95-b70f-bdd0ac98cadd","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":208,"box":{"x":43,"y":386,"width":449,"height":9}},{"id":"233c5387-0fe4-4574-a530-c2081e5c0a50","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":208,"box":{"x":43,"y":400,"width":449,"height":11}},{"id":"193efbc1-1c66-456a-b51e-419487778464","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":208,"box":{"x":42,"y":414,"width":450,"height":11}},{"id":"64b8097e-763d-458a-a545-7a88a6260508","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":208,"box":{"x":42,"y":428,"width":450,"height":12}},{"id":"f695d751-a564-40ba-ac5c-16c003c49396","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":208,"box":{"x":42,"y":443,"width":450,"height":11}},{"id":"a20a890e-cef9-4aa7-b7e2-e1b3055080a1","block_type":"box","text":"Carlo simulation methodology.","page_number":208,"box":{"x":43,"y":457,"width":222,"height":11}},{"id":"f841b319-1aed-433e-973e-e06e0e815934","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":208,"box":{"x":42,"y":482,"width":450,"height":11}},{"id":"0e0f04ed-d35c-4eed-b056-1ac19cdf3f75","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":208,"box":{"x":43,"y":496,"width":449,"height":11}},{"id":"c34ca28d-8388-4123-9270-2eca6599b729","block_type":"box","text":"portfolio over a specific timeframe.","page_number":208,"box":{"x":43,"y":510,"width":253,"height":12}},{"id":"0ef5e391-98b3-4daf-adb3-ef194535a2c5","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":208,"box":{"x":42,"y":535,"width":450,"height":11}},{"id":"71997b8d-d74b-4255-8fbd-250543d26087","block_type":"box","text":"“99% / 20-day relative VaR” model. To calculate this figure,","page_number":208,"box":{"x":43,"y":550,"width":449,"height":11}},{"id":"d1952081-7536-4ca0-b28a-f2cc17ca4a37","block_type":"box","text":"FactSet ranks the distribution and then calculates the VaR","page_number":208,"box":{"x":43,"y":564,"width":449,"height":9}},{"id":"b2748e5c-aced-468d-81ab-c02d010a93b7","block_type":"box","text":"figure based on the 99th percentile. This is intended to show,","page_number":208,"box":{"x":42,"y":578,"width":450,"height":11}},{"id":"5a11b356-42b8-4aa3-b3ef-5793e0460615","block_type":"box","text":"with a 99% degree of confidence, the maximum amount that","page_number":208,"box":{"x":42,"y":592,"width":450,"height":12}},{"id":"86f93290-8bfe-46da-953f-f3ba68e09d3d","block_type":"box","text":"might be lost over a 20-day period.","page_number":208,"box":{"x":43,"y":607,"width":256,"height":11}},{"id":"c30dc256-3dd5-4445-9378-c87c2af978be","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Equity Managed, as","page_number":208,"box":{"x":42,"y":632,"width":450,"height":11}},{"id":"47e5c22c-85a9-4841-a9f2-8082163a4ab8","block_type":"box","text":"at 3 July 2026 was 7.42% (31 December 2025: 7.12%).","page_number":208,"box":{"x":42,"y":646,"width":450,"height":11}},{"id":"a6f0fc25-b092-46f6-bf35-59db52d12c3c","block_type":"box","text":"The lowest, highest, and average utilisation in the period was","page_number":208,"box":{"x":42,"y":660,"width":450,"height":11}},{"id":"46b57b2f-ed70-4be3-86a9-a1e3255f1538","block_type":"box","text":"6.74%, 7.63% and 7.17%, respectively (31 December 2025:","page_number":208,"box":{"x":42,"y":674,"width":450,"height":12}},{"id":"946f3967-b0bc-4949-9f24-6647e12864da","block_type":"box","text":"7.12%, 8.85% and 7.89%, respectively).","page_number":208,"box":{"x":43,"y":689,"width":295,"height":11}},{"id":"72227cf9-365d-4ed7-9e18-e9589233e34f","block_type":"box","text":"208","page_number":209,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"a9fc1a6d-523a-47e2-b1f5-4d5625c31343","block_type":"box","text":"209","page_number":209,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"6ef1b75f-2001-48c5-98f1-fbf8ddee0c21","block_type":"box","text":"SARASIN Equity Managed","page_number":209,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"1ee148fb-8aad-4750-a1f2-81fc4f4e8f1d","block_type":"box","text":"Investment Review \r\new","page_number":209,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"87b92e83-4175-4906-9a24-bd84e4bc2e6b","block_type":"box","text":"Investment Review","page_number":209,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"50d36c31-bf58-4a24-b918-33e9b774f7f8","block_type":"box","text":"Sub-fund Performance","page_number":209,"box":{"x":42,"y":95,"width":186,"height":9}},{"id":"482f75f1-dab3-410a-bd7a-d7d8962b7979","block_type":"box","text":"Cumulative performance","page_number":209,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"5f3041f7-fd0b-470e-8ecb-19d76a1c73d7","block_type":"box","text":"6","page_number":209,"box":{"x":452,"y":121,"width":14,"height":9}},{"id":"d05a267e-62b1-4a21-8955-4541613ca44d","block_type":"box","text":"mos","page_number":209,"box":{"x":467,"y":124,"width":30,"height":6}},{"id":"3e215e93-3f10-4a37-becc-d0174aca1c4b","block_type":"box","text":"1","page_number":209,"box":{"x":569,"y":121,"width":12,"height":9}},{"id":"caf9cbd6-ab9c-4326-b435-05e2e447e14a","block_type":"box","text":"yr","page_number":209,"box":{"x":581,"y":123,"width":14,"height":9}},{"id":"d7966442-edfe-4f6b-99ae-a842f13afd40","block_type":"box","text":"3","page_number":209,"box":{"x":670,"y":121,"width":13,"height":9}},{"id":"3b3c3650-56ad-4159-965e-e465a3b6b9c1","block_type":"box","text":"yrs","page_number":209,"box":{"x":684,"y":123,"width":21,"height":9}},{"id":"f9b8a978-3fe9-4b5b-af22-6a1c7eb7a6bc","block_type":"box","text":"5","page_number":209,"box":{"x":777,"y":121,"width":13,"height":9}},{"id":"be2adaac-4b55-4aff-96d0-5126f33ab047","block_type":"box","text":"yrs","page_number":209,"box":{"x":790,"y":123,"width":22,"height":9}},{"id":"cd5181a9-2ba5-4b59-888a-153c151e501d","block_type":"box","text":"Since","page_number":209,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"7a2728be-a39b-41db-a533-2471c4cf4492","block_type":"box","text":"Inception","page_number":209,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"d27ab8d5-59fc-4058-afaa-e46a1d7788e5","block_type":"box","text":"01 Jan 26 –","page_number":209,"box":{"x":431,"y":146,"width":92,"height":9}},{"id":"3dd84ee8-27f0-406a-b34d-9883376cfe0d","block_type":"box","text":"03 Jul 26","page_number":209,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"f6ae587c-d3ea-48fb-b2b8-ddc4d4e82f86","block_type":"box","text":"01 Jul 25 –","page_number":209,"box":{"x":541,"y":146,"width":86,"height":9}},{"id":"2ee930c2-a9fb-4e7d-9033-1c0236f45a67","block_type":"box","text":"03 Jul 26","page_number":209,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"5b790f07-ee82-4993-91b5-90d73a4b1d70","block_type":"box","text":"01 Jul 23 –","page_number":209,"box":{"x":647,"y":146,"width":86,"height":9}},{"id":"5cf55dab-8d50-439a-9a96-f83544edb730","block_type":"box","text":"03 Jul 26","page_number":209,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"b1fd8b37-34a4-4daf-81e2-56dda80fc7d9","block_type":"box","text":"01 Jul 21 –","page_number":209,"box":{"x":754,"y":146,"width":86,"height":9}},{"id":"999832a5-4fca-4d58-ac3e-86047f9140e8","block_type":"box","text":"03 Jul 26","page_number":209,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"e76abc2e-646c-483e-9d95-4ad8cd034735","block_type":"box","text":"29 Apr 25 –","page_number":209,"box":{"x":859,"y":146,"width":90,"height":11}},{"id":"cbf23828-70fe-4685-ba10-233b96d7c1b5","block_type":"box","text":"03 Jul 26","page_number":209,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"02116edc-2fc1-4e31-a4d2-8d8ecb037afa","block_type":"box","text":"%","page_number":209,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"46d71d02-f445-4f38-960b-b46f61993b06","block_type":"box","text":"%","page_number":209,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"5da8a8e5-6f7a-48bb-be87-e88e6c4d9316","block_type":"box","text":"%","page_number":209,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"6d266ff5-19aa-450e-ae32-d8940f2e9c85","block_type":"box","text":"%","page_number":209,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"fc6aa110-8670-4a11-863e-b9c1a013cdfb","block_type":"box","text":"%","page_number":209,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"4a05b156-f6fc-4a86-920e-54207f433600","block_type":"box","text":"Fund","page_number":209,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"cb0a6643-4fcd-4998-9cca-093723402362","block_type":"box","text":"M A","page_number":209,"box":{"x":308,"y":196,"width":18,"height":8}},{"id":"67712638-fc98-45c4-8363-6318359c70d8","block_type":"box","text":"Acc","page_number":209,"box":{"x":325,"y":196,"width":27,"height":9}},{"id":"7b234fef-dc5d-4603-9b93-becf90a36c99","block_type":"box","text":"(Net)","page_number":209,"box":{"x":353,"y":196,"width":41,"height":11}},{"id":"120b2666-5cc0-4d39-b866-061711045acb","block_type":"box","text":"11.50","page_number":209,"box":{"x":456,"y":196,"width":38,"height":9}},{"id":"7ed39cd9-2a6f-4f09-8e52-683c284f4b23","block_type":"box","text":"24.80","page_number":209,"box":{"x":561,"y":196,"width":40,"height":9}},{"id":"4e0179f6-04c6-4cf6-a030-6b92c99c42f4","block_type":"box","text":"–","page_number":209,"box":{"x":683,"y":201,"width":9,"height":1}},{"id":"ad8e4b8e-ec6d-4770-883c-70a51aab1f01","block_type":"box","text":"–","page_number":209,"box":{"x":790,"y":201,"width":9,"height":1}},{"id":"954d4dd9-16d3-4645-b897-f666d366e7e3","block_type":"box","text":"35.10","page_number":209,"box":{"x":881,"y":196,"width":41,"height":9}},{"id":"74408b16-deae-4c7c-aeeb-f68ae465fd9e","block_type":"box","text":"Comparator","page_number":209,"box":{"x":49,"y":209,"width":88,"height":11}},{"id":"e53e1a4f-c1b4-48fd-8a35-dfada944f6d7","block_type":"box","text":"Index","page_number":209,"box":{"x":308,"y":209,"width":40,"height":9}},{"id":"2b31e182-6f8f-4d23-9b84-3614151277a3","block_type":"box","text":"12.40","page_number":209,"box":{"x":455,"y":209,"width":40,"height":9}},{"id":"7617149b-aad6-444a-acd6-4d99d8e10a14","block_type":"box","text":"27.50","page_number":209,"box":{"x":561,"y":209,"width":40,"height":9}},{"id":"2d2625e9-3414-4094-8bf7-d36164af31b5","block_type":"box","text":"–","page_number":209,"box":{"x":683,"y":214,"width":9,"height":1}},{"id":"94041e42-013b-43f6-bf63-9655ee71b097","block_type":"box","text":"–","page_number":209,"box":{"x":790,"y":214,"width":9,"height":1}},{"id":"80502d0f-3f99-446b-9272-e1eef167d9aa","block_type":"box","text":"37.70","page_number":209,"box":{"x":881,"y":209,"width":41,"height":9}},{"id":"5fd8cf4f-8b4d-470e-8ded-86b9170d3caa","block_type":"box","text":"Discrete performance","page_number":209,"box":{"x":52,"y":253,"width":171,"height":11}},{"id":"07e6cf8f-468b-4480-9dc7-de8458ef9bd0","block_type":"box","text":"01 Jul 25 –","page_number":209,"box":{"x":434,"y":253,"width":86,"height":9}},{"id":"e96bb36c-9c89-4bed-9730-e7f926759afe","block_type":"box","text":"03 Jul 26","page_number":209,"box":{"x":441,"y":268,"width":67,"height":8}},{"id":"2e92a905-a33b-4d95-82d6-392511813dc9","block_type":"box","text":"01 Jul 24 –","page_number":209,"box":{"x":541,"y":253,"width":86,"height":9}},{"id":"425f43e0-cd39-45f2-875a-aa9779246295","block_type":"box","text":"30 Jun 25","page_number":209,"box":{"x":545,"y":268,"width":72,"height":8}},{"id":"1ec51e38-209d-483a-9cd9-d912d59d9fc0","block_type":"box","text":"01 Jul 23 –","page_number":209,"box":{"x":647,"y":253,"width":86,"height":9}},{"id":"696aafe6-785e-449e-8162-5f62ad1fcab5","block_type":"box","text":"30 Jun 24","page_number":209,"box":{"x":652,"y":268,"width":72,"height":8}},{"id":"567f898f-9e5b-4ac5-bb44-6de25e9c4bd5","block_type":"box","text":"01 Jul 22 –","page_number":209,"box":{"x":754,"y":253,"width":86,"height":9}},{"id":"5f5a6e93-8dc2-4902-ae1f-3d3153b63e61","block_type":"box","text":"30 Jun 23","page_number":209,"box":{"x":758,"y":268,"width":72,"height":8}},{"id":"3e4f666a-82f9-4b95-aaf5-f6206e9038b7","block_type":"box","text":"01 Jul 21 –","page_number":209,"box":{"x":861,"y":253,"width":86,"height":9}},{"id":"2f38e8c5-ee7b-4f9d-ad18-1bad4f7059d5","block_type":"box","text":"30 Jun 22","page_number":209,"box":{"x":866,"y":268,"width":72,"height":8}},{"id":"2f27a821-6360-40f7-9ce1-66e35fd62d7e","block_type":"box","text":"%","page_number":209,"box":{"x":468,"y":290,"width":13,"height":9}},{"id":"582a3943-a6bf-4f02-a1c8-5437b4181227","block_type":"box","text":"%","page_number":209,"box":{"x":575,"y":290,"width":13,"height":9}},{"id":"39c43c9e-a022-4297-91a8-5337f2399849","block_type":"box","text":"%","page_number":209,"box":{"x":681,"y":290,"width":13,"height":9}},{"id":"e9916513-412b-4595-928b-0de77f041cc7","block_type":"box","text":"%","page_number":209,"box":{"x":788,"y":290,"width":13,"height":9}},{"id":"c5edfeff-d8a7-4a54-8c99-3fd49da76c5c","block_type":"box","text":"%","page_number":209,"box":{"x":895,"y":290,"width":13,"height":9}},{"id":"b7e51a5e-6ebe-48f3-bd46-7f077ad03ffd","block_type":"box","text":"Fund","page_number":209,"box":{"x":50,"y":303,"width":36,"height":9}},{"id":"8238ea03-efa8-46f4-9faa-849cbcd02b8e","block_type":"box","text":"M A","page_number":209,"box":{"x":308,"y":303,"width":18,"height":9}},{"id":"2fbb243d-1418-4005-827c-0b027ecaee2f","block_type":"box","text":"Acc","page_number":209,"box":{"x":325,"y":303,"width":27,"height":9}},{"id":"bf42ed37-9dab-4a64-9259-5fb0bd92ed03","block_type":"box","text":"(Net)","page_number":209,"box":{"x":353,"y":303,"width":41,"height":11}},{"id":"f6ea4e42-65c5-40b9-9c37-81f4bc9e6e85","block_type":"box","text":"24.80","page_number":209,"box":{"x":454,"y":303,"width":41,"height":9}},{"id":"0a99fe2a-b6b4-4cfb-9e9a-3dfa563b1805","block_type":"box","text":"–","page_number":209,"box":{"x":576,"y":308,"width":10,"height":1}},{"id":"5274f265-5a8c-4323-909a-b705e4cf2479","block_type":"box","text":"–","page_number":209,"box":{"x":683,"y":308,"width":9,"height":1}},{"id":"bdc3ff97-f934-46e4-b924-33e549ab7d36","block_type":"box","text":"–","page_number":209,"box":{"x":790,"y":308,"width":9,"height":1}},{"id":"2de73653-adf4-489c-8994-32d8ef320fe4","block_type":"box","text":"–","page_number":209,"box":{"x":897,"y":308,"width":9,"height":1}},{"id":"738fefd4-c08a-49bd-9f90-0d6676a5b731","block_type":"box","text":"Comparator","page_number":209,"box":{"x":49,"y":316,"width":88,"height":12}},{"id":"fbd77472-8b81-4b6e-b3bf-897a44f16054","block_type":"box","text":"Index","page_number":209,"box":{"x":308,"y":317,"width":40,"height":8}},{"id":"65d3284e-d235-4279-8cda-9a2ec51abae7","block_type":"box","text":"27.50","page_number":209,"box":{"x":454,"y":316,"width":41,"height":9}},{"id":"1f80c3a8-f35f-4bad-892c-41e4174850a7","block_type":"box","text":"–","page_number":209,"box":{"x":576,"y":322,"width":10,"height":0}},{"id":"a7745979-4fd4-425d-b27c-1a829c0adcfa","block_type":"box","text":"–","page_number":209,"box":{"x":683,"y":322,"width":9,"height":0}},{"id":"b55ab166-2ac3-4e69-940e-f688fc596bae","block_type":"box","text":"–","page_number":209,"box":{"x":790,"y":322,"width":9,"height":0}},{"id":"99145714-1385-40b5-be41-d5ef91f09cfa","block_type":"box","text":"–","page_number":209,"box":{"x":897,"y":322,"width":9,"height":0}},{"id":"f803d736-3596-430b-80e2-7cd825aca4c5","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":209,"box":{"x":43,"y":376,"width":220,"height":6}},{"id":"f2c7fe73-db36-4ea0-907b-22cbab9fa462","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":209,"box":{"x":43,"y":395,"width":444,"height":7}},{"id":"c46b93b6-bfeb-478f-86b8-b74781e8a90a","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":209,"box":{"x":42,"y":404,"width":445,"height":7}},{"id":"1c75f918-19da-4546-85aa-e5eccbe13447","block_type":"box","text":"reinvested.","page_number":209,"box":{"x":42,"y":413,"width":48,"height":5}},{"id":"3aa5a36a-affb-4bc6-b451-2dba25eb84b4","block_type":"box","text":"Class M (Acc) has been used as the representative share class in the table above, which launched","page_number":209,"box":{"x":42,"y":432,"width":445,"height":6}},{"id":"80d7f742-715a-4a36-a0c7-e9ab5653f010","block_type":"box","text":"on 29 April 2025.","page_number":209,"box":{"x":42,"y":440,"width":75,"height":7}},{"id":"8e48c98d-49f2-4634-abcd-364300d75d76","block_type":"box","text":"Please note that the performance target is to be achieved over a specific annualised time period -","page_number":209,"box":{"x":43,"y":460,"width":444,"height":6}},{"id":"54e6d79d-d64f-4354-a254-4422234615ce","block_type":"box","text":"refer to the investment objective above.","page_number":209,"box":{"x":42,"y":468,"width":175,"height":7}},{"id":"1833e25b-aa8b-4bf2-94f6-e208a0b72e06","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":209,"box":{"x":43,"y":487,"width":444,"height":7}},{"id":"569918db-141a-4e89-8696-f9accffca76c","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":209,"box":{"x":42,"y":496,"width":116,"height":7}},{"id":"4445d75d-6bb0-4b5e-b16d-676aa5c44b64","block_type":"box","text":"Performance","page_number":209,"box":{"x":43,"y":517,"width":101,"height":9}},{"id":"31f0761b-9742-4cc1-9303-ca5012ff7f72","block_type":"box","text":"The sub-fund returned 11.50% (net of charges) for the period","page_number":209,"box":{"x":42,"y":532,"width":450,"height":11}},{"id":"478ba8e2-65fc-43c9-881a-f737a83d7918","block_type":"box","text":"from 1 January 2026 to 3 July 2026, compared with 12.40%","page_number":209,"box":{"x":42,"y":546,"width":450,"height":11}},{"id":"bda3efe2-b14d-4783-83c6-ec1f7ba7f89a","block_type":"box","text":"for the comparator benchmark.","page_number":209,"box":{"x":42,"y":560,"width":228,"height":11}},{"id":"b1a2bc03-fab6-478e-a3dc-c2b22f5331f8","block_type":"box","text":"Review","page_number":209,"box":{"x":43,"y":585,"width":57,"height":9}},{"id":"dfef1ebb-52ac-495c-8d31-49cb532beff2","block_type":"box","text":"Investor sentiment over the first half of 2026 was shaped","page_number":209,"box":{"x":43,"y":599,"width":449,"height":11}},{"id":"ed5741a1-8a09-423a-92d8-9fdbac726bb6","block_type":"box","text":"by several factors, most notably developments in the","page_number":209,"box":{"x":43,"y":614,"width":444,"height":11}},{"id":"d1e8511e-9b0d-4cb5-9bae-64e933b835ed","block_type":"box","text":"US-Iran conflict. The outbreak of hostilities initially increased","page_number":209,"box":{"x":43,"y":628,"width":449,"height":11}},{"id":"284fc6fc-7f59-472d-8ab3-8171003fc376","block_type":"box","text":"uncertainty and resulted in the temporary closure of the Strait","page_number":209,"box":{"x":43,"y":642,"width":449,"height":11}},{"id":"bee12ae5-9693-420c-a114-f2051bf798c5","block_type":"box","text":"of Hormuz. As the conflict showed signs of de-escalation","page_number":209,"box":{"x":42,"y":656,"width":450,"height":12}},{"id":"07271e61-8d40-40b2-81df-b45c92a61b6c","block_type":"box","text":"later in the period, investor confidence improved, supporting","page_number":209,"box":{"x":43,"y":671,"width":449,"height":11}},{"id":"f7fc12a6-4503-415c-b31a-e8983b3d2a6c","block_type":"box","text":"a broad recovery in risk assets.","page_number":209,"box":{"x":42,"y":685,"width":231,"height":11}},{"id":"5522106d-298a-49b8-8c1d-8cd47be18053","block_type":"box","text":"Oil prices fell sharply as expectations of a resolution","page_number":209,"box":{"x":43,"y":710,"width":443,"height":11}},{"id":"6e66c2c3-90e4-415a-a4b0-f957891d60b1","block_type":"box","text":"strengthened. With concerns over energy supply receding,","page_number":209,"box":{"x":42,"y":724,"width":444,"height":11}},{"id":"9ec399b5-6f21-437d-88d8-600a36e58aef","block_type":"box","text":"market attention returned to the structural investment","page_number":209,"box":{"x":43,"y":739,"width":444,"height":8}},{"id":"454330d3-af52-4268-a524-77e2ebb4bc34","block_type":"box","text":"opportunity presented by Artificial Intelligence (AI). Continued","page_number":209,"box":{"x":42,"y":753,"width":444,"height":11}},{"id":"cc4b025d-7687-4efb-b467-4788d8bfdf4a","block_type":"box","text":"investment in AI infrastructure, together with upward revisions","page_number":209,"box":{"x":43,"y":767,"width":444,"height":11}},{"id":"95f4ceea-1a66-4c71-8aa3-18e4f7718f73","block_type":"box","text":"to corporate capital expenditure plans and global earnings","page_number":209,"box":{"x":42,"y":781,"width":445,"height":11}},{"id":"9d70eb48-5e43-413f-8271-d10cbc2ace03","block_type":"box","text":"expectations, supported technology shares.","page_number":209,"box":{"x":42,"y":795,"width":322,"height":12}},{"id":"1827f3c2-53b8-4d9d-a5a8-10007a85a79e","block_type":"box","text":"Emerging markets were among the strongest-performing","page_number":209,"box":{"x":43,"y":820,"width":443,"height":12}},{"id":"e47472ce-9a74-4e07-8303-cc83d4be902a","block_type":"box","text":"regions, driven largely by their significant exposure to","page_number":209,"box":{"x":43,"y":835,"width":444,"height":11}},{"id":"47f1fa62-d5b2-4345-9913-7ac6c530f95f","block_type":"box","text":"semiconductor and information technology hardware","page_number":209,"box":{"x":42,"y":849,"width":450,"height":11}},{"id":"15483810-c78b-4681-81f2-3b54705a9809","block_type":"box","text":"companies.","page_number":209,"box":{"x":42,"y":863,"width":84,"height":11}},{"id":"bab3119c-9b51-4bcb-b849-d790eb8fc672","block_type":"box","text":"Government bond markets weakened during the early part","page_number":209,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"e849e79d-67a1-49f9-a5e1-b3dcad87082b","block_type":"box","text":"of the period as higher energy prices renewed inflation","page_number":209,"box":{"x":512,"y":393,"width":450,"height":11}},{"id":"abee79e5-f556-41ee-ac0a-c456636e83a7","block_type":"box","text":"concerns, particularly in the UK, where the economy was","page_number":209,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"b97229c3-7d7e-431e-86ae-bee74e5b69b7","block_type":"box","text":"viewed as relatively exposed to rising fuel costs. UK Gilts","page_number":209,"box":{"x":512,"y":421,"width":450,"height":11}},{"id":"dc1006e1-72c9-46c6-9211-1e35613f1fc9","block_type":"box","text":"subsequently recovered as inflation data came in below","page_number":209,"box":{"x":512,"y":435,"width":450,"height":12}},{"id":"be6b09a1-60ef-4d38-918c-bf736be25455","block_type":"box","text":"expectations, reducing the perceived likelihood of further","page_number":209,"box":{"x":512,"y":450,"width":450,"height":11}},{"id":"02babc8f-9fee-4dd0-b8a0-2057c7032ebc","block_type":"box","text":"interest rate increases.","page_number":209,"box":{"x":513,"y":464,"width":167,"height":9}},{"id":"f8e85979-3658-43e5-bb36-53175ca4aaf0","block_type":"box","text":"Commodity markets also reflected the changing geopolitical","page_number":209,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"33af977d-ce7c-4f8a-8d45-a3d34cab4d80","block_type":"box","text":"backdrop. Following an initial surge in oil and gas prices,","page_number":209,"box":{"x":513,"y":503,"width":449,"height":11}},{"id":"4e9fd547-a053-4624-894a-600521f4cb9d","block_type":"box","text":"broad commodity prices declined as tensions eased. Gold","page_number":209,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"a8347d5a-f5b3-42eb-bc8c-f657590818f0","block_type":"box","text":"and other precious metals weakened as the US dollar","page_number":209,"box":{"x":512,"y":532,"width":450,"height":11}},{"id":"3998ac0e-eb42-4602-ab32-bde5e33ecc32","block_type":"box","text":"strengthened and expectations for higher US interest","page_number":209,"box":{"x":512,"y":546,"width":450,"height":11}},{"id":"ff46a46c-f341-4cdd-9176-c6bfe7b87289","block_type":"box","text":"rates increased. In contrast, industrial metals advanced","page_number":209,"box":{"x":513,"y":560,"width":449,"height":11}},{"id":"0ed16738-641a-491f-8787-e46b2ae5a417","block_type":"box","text":"on continued demand linked to technology investment and","page_number":209,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"95b1adf9-e3d3-47a4-9351-2b862216ee1b","block_type":"box","text":"infrastructure spending.","page_number":209,"box":{"x":513,"y":589,"width":173,"height":11}},{"id":"da4d74d6-4fae-4b7a-aad2-d6dadf2901e7","block_type":"box","text":"Positives","page_number":209,"box":{"x":513,"y":614,"width":72,"height":8}},{"id":"730acec9-5a1f-476a-8fa0-27ad206e2455","block_type":"box","text":"Our allocations to Xtrackers MSCI Emerging Markets UCITS","page_number":209,"box":{"x":512,"y":628,"width":450,"height":11}},{"id":"8d75d02a-3c0c-48fa-9c82-53102c3fdab8","block_type":"box","text":"ETF made a positive contribution to performance as the","page_number":209,"box":{"x":513,"y":642,"width":449,"height":11}},{"id":"d261f9ec-e40e-452f-a402-d7a476cb6b04","block_type":"box","text":"region outperformed global equity markets.","page_number":209,"box":{"x":513,"y":656,"width":316,"height":12}},{"id":"7a9467c8-7c1e-4371-adc9-0253c8922d78","block_type":"box","text":"Our exposure to Vanguard FTSE Developed Asia Pacific","page_number":209,"box":{"x":512,"y":681,"width":450,"height":12}},{"id":"010e2f47-d30e-4393-b6b9-2cef8203244a","block_type":"box","text":"ex Japan UCITS ETF also added value, reflecting the","page_number":209,"box":{"x":512,"y":696,"width":444,"height":11}},{"id":"00c461e2-1776-44fc-be02-16b8ff501f7d","block_type":"box","text":"region's strong equity market returns given exposure to","page_number":209,"box":{"x":513,"y":710,"width":444,"height":11}},{"id":"28a49cf9-5e0e-43b4-8b83-beaa63f26b16","block_type":"box","text":"semiconductor and memory companies.","page_number":209,"box":{"x":512,"y":724,"width":296,"height":11}},{"id":"4c984455-27c3-43a1-9d45-d5c581b1987b","block_type":"box","text":"Another positive contributor was the State Street SPDR","page_number":209,"box":{"x":512,"y":749,"width":445,"height":11}},{"id":"2fa7935b-83a7-49b4-863f-300406320bd2","block_type":"box","text":"S&P 500 UCITS ETF, a fund that offers exposure to the US","page_number":209,"box":{"x":512,"y":763,"width":444,"height":11}},{"id":"f57589f2-d9c0-4d22-ad6d-42cabee64d6f","block_type":"box","text":"market.","page_number":209,"box":{"x":513,"y":778,"width":53,"height":8}},{"id":"ae68f2da-1003-4301-a7c7-3f6bd221b159","block_type":"box","text":"209","page_number":210,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"d6cab992-4883-4c6a-9720-238812131868","block_type":"box","text":"SARASIN Equity Managed","page_number":210,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"8d0059e8-9d02-48e6-88af-66c54c7b3959","block_type":"box","text":"Negatives","page_number":210,"box":{"x":43,"y":95,"width":77,"height":11}},{"id":"5277c5a4-bc3f-4c11-bf61-f3c072283f59","block_type":"box","text":"Most of the significant detractors over the period were","page_number":210,"box":{"x":43,"y":109,"width":449,"height":12}},{"id":"fc138518-c141-4566-99b1-eb984e428bdb","block_type":"box","text":"individual stocks.","page_number":210,"box":{"x":43,"y":124,"width":124,"height":9}},{"id":"a987ae44-606e-4513-9a0b-f3ae3df5c157","block_type":"box","text":"Among the holdings that detracted from performance were","page_number":210,"box":{"x":42,"y":149,"width":450,"height":11}},{"id":"be345273-51ac-4aff-9ce3-0c16510356fa","block_type":"box","text":"EssilorLuxottica and Tencent. EssilorLuxottica came under","page_number":210,"box":{"x":43,"y":163,"width":449,"height":9}},{"id":"3b747c66-0b22-47f3-8c56-a8b2b9e4fe38","block_type":"box","text":"pressure as investors reassessed the economics of its rapidly","page_number":210,"box":{"x":43,"y":177,"width":449,"height":11}},{"id":"8241715b-b150-4c08-810c-6782d36bbe86","block_type":"box","text":"expanding smart-eyewear franchise. While adoption of","page_number":210,"box":{"x":42,"y":191,"width":446,"height":12}},{"id":"a40e126b-4c11-496b-a783-3a051f221d36","block_type":"box","text":"Ray-Ban Meta remained strong, the near-term margin dilution","page_number":210,"box":{"x":43,"y":206,"width":449,"height":11}},{"id":"41c688e9-d305-43a3-bce1-b2b34b62441d","block_type":"box","text":"associated with smart glasses, and uncertainty over the","page_number":210,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"f6d58371-5067-4cbc-baea-42c721526586","block_type":"box","text":"longer-term division of the profits between EssilorLuxottica","page_number":210,"box":{"x":43,"y":234,"width":449,"height":11}},{"id":"68c79915-3d80-4506-83ad-c174c47847e4","block_type":"box","text":"and its technology partners, weighed on sentiment. Tencent","page_number":210,"box":{"x":42,"y":248,"width":450,"height":12}},{"id":"98e83c24-7c04-4158-ac1a-b8fefd40f354","block_type":"box","text":"also detracted despite resilient underlying earnings, as","page_number":210,"box":{"x":42,"y":263,"width":450,"height":11}},{"id":"0f5100e7-4d9e-4c5b-9244-d96d9cef816a","block_type":"box","text":"investors balanced the company’s increasing investment in","page_number":210,"box":{"x":43,"y":277,"width":449,"height":11}},{"id":"63f27d5b-e647-4a3d-8fc5-8d6823b447d5","block_type":"box","text":"AI infrastructure and capabilities against the still-developing","page_number":210,"box":{"x":42,"y":291,"width":450,"height":11}},{"id":"ef1cc7aa-127e-48de-ba23-35877f50ec98","block_type":"box","text":"evidence of incremental monetisation and returns from this","page_number":210,"box":{"x":42,"y":306,"width":450,"height":8}},{"id":"ad74d98b-ca98-472b-ae8a-c9ad96cc052c","block_type":"box","text":"expenditure.","page_number":210,"box":{"x":42,"y":320,"width":91,"height":11}},{"id":"89d986ac-cddc-46f4-bd2f-7dc75ea5cc6c","block_type":"box","text":"This was also the case with Taiwan Semiconductor","page_number":210,"box":{"x":42,"y":345,"width":450,"height":8}},{"id":"efbdee04-ff63-4e26-9d3d-2b482daad490","block_type":"box","text":"Manufacturing Company ADR, which fell back after a period","page_number":210,"box":{"x":43,"y":359,"width":449,"height":11}},{"id":"e8da7dfa-193d-45ba-a4a6-cdbbe2415c3c","block_type":"box","text":"of strong performance.","page_number":210,"box":{"x":42,"y":373,"width":167,"height":11}},{"id":"3581445a-e1ce-4aef-b22a-7bd1f3826068","block_type":"box","text":"Transactions","page_number":210,"box":{"x":42,"y":398,"width":103,"height":9}},{"id":"f275f0f0-678c-4017-8fbb-5d5ffd8d5c12","block_type":"box","text":"We started a position in the MAN Funds - Man Japan","page_number":210,"box":{"x":42,"y":412,"width":450,"height":11}},{"id":"adca622b-184b-4e8c-90fa-04edb198e74b","block_type":"box","text":"CoreAlpha Equity, which offers exposure to Japanese","page_number":210,"box":{"x":43,"y":427,"width":449,"height":11}},{"id":"361fa41b-eddd-4cb9-8d90-dd749c0bc97e","block_type":"box","text":"equities. This market has performed well so far this year and","page_number":210,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"0daef905-7e55-4e17-887a-1296117ada8e","block_type":"box","text":"should continue to offer attractive returns.","page_number":210,"box":{"x":42,"y":455,"width":313,"height":9}},{"id":"4671bbe6-eca9-443c-88cf-8e495da4de6f","block_type":"box","text":"We also invested in the iShares Global Aerospace & Defence","page_number":210,"box":{"x":42,"y":480,"width":450,"height":11}},{"id":"2a80c40e-78d8-47ef-8306-0a514caac031","block_type":"box","text":"UCITS ETF, which provides exposure to aerospace and","page_number":210,"box":{"x":43,"y":494,"width":449,"height":11}},{"id":"99795ad4-6b35-4ca2-b138-985e1d2bc0cc","block_type":"box","text":"defence companies around the world and is managed by","page_number":210,"box":{"x":42,"y":509,"width":450,"height":11}},{"id":"f3554fa1-3972-4663-a44c-fa668e10df4c","block_type":"box","text":"BlackRock.","page_number":210,"box":{"x":43,"y":523,"width":87,"height":9}},{"id":"df9dd5b9-68ee-4f1b-ac9e-07d93a76d940","block_type":"box","text":"Among individual stocks, we started a position in Citigroup,","page_number":210,"box":{"x":42,"y":548,"width":450,"height":11}},{"id":"50d46945-a160-4d98-827c-de50de30fd30","block_type":"box","text":"which is our preferred US bank.","page_number":210,"box":{"x":42,"y":562,"width":234,"height":11}},{"id":"16d3969c-8fd9-4077-8d81-0add1839b3a2","block_type":"box","text":"We also took a holding in BHP Group. The company offers","page_number":210,"box":{"x":42,"y":587,"width":445,"height":11}},{"id":"10d61c69-22c0-48bb-bba7-e6c1f037a60a","block_type":"box","text":"high-quality exposure to copper, which we view as benefiting","page_number":210,"box":{"x":43,"y":601,"width":449,"height":11}},{"id":"3624d125-2d5e-43cf-933c-27cc229e8ff1","block_type":"box","text":"from demand arising from electrification, as well as tightening","page_number":210,"box":{"x":42,"y":615,"width":450,"height":12}},{"id":"97a44af2-9881-4944-9e13-ca6bfd18ce45","block_type":"box","text":"global supply.","page_number":210,"box":{"x":42,"y":630,"width":100,"height":11}},{"id":"cc76ceae-5a81-41f8-90d0-48736523aba3","block_type":"box","text":"We sold the holding in Fortinet, a US-based cybersecurity","page_number":210,"box":{"x":42,"y":655,"width":450,"height":11}},{"id":"906f2d78-2306-44c8-86f3-30fcb972cd77","block_type":"box","text":"company. We were concerned about the long-term outlook","page_number":210,"box":{"x":42,"y":669,"width":450,"height":11}},{"id":"69cf48c2-c29a-43cf-ae84-e798bd3aa924","block_type":"box","text":"for the software sector's resilience amid accelerating","page_number":210,"box":{"x":42,"y":683,"width":450,"height":11}},{"id":"d1d9d33c-1390-4ea6-8d99-db65ee68e757","block_type":"box","text":"disruption from AI.","page_number":210,"box":{"x":42,"y":697,"width":134,"height":12}},{"id":"b21ba8a6-1734-48b7-8933-b7311db58ba7","block_type":"box","text":"We also exited animal health company Zoetis. The company’s","page_number":210,"box":{"x":42,"y":722,"width":445,"height":12}},{"id":"151d5528-0187-4b83-8825-53d1c4875e9e","block_type":"box","text":"growth prospects appear to be limited as a result of rising","page_number":210,"box":{"x":42,"y":737,"width":444,"height":11}},{"id":"8d0f8324-8b35-459f-9353-2c125d5184bd","block_type":"box","text":"competition in market segments such as dermatology and","page_number":210,"box":{"x":42,"y":751,"width":444,"height":11}},{"id":"b9067c72-a527-4d30-af3f-19e7f1de1a30","block_type":"box","text":"pain management.","page_number":210,"box":{"x":43,"y":765,"width":136,"height":11}},{"id":"90f329de-b162-41b7-a862-5bc1aa8c7e8a","block_type":"box","text":"Outlook","page_number":210,"box":{"x":43,"y":790,"width":62,"height":9}},{"id":"0e46c078-bdb6-4e24-811d-3f16753f0065","block_type":"box","text":"Global equity markets are being shaped by easing oil supply","page_number":210,"box":{"x":43,"y":804,"width":444,"height":12}},{"id":"83243a6d-0dc8-44e6-a36a-8f73c3d67651","block_type":"box","text":"concerns and major stock market listings by large technology","page_number":210,"box":{"x":42,"y":819,"width":445,"height":11}},{"id":"ce665eb7-35a3-4d80-919c-14a522f9d306","block_type":"box","text":"companies. Investor confidence is returning as the US-Iran","page_number":210,"box":{"x":42,"y":833,"width":444,"height":11}},{"id":"b1751219-9d86-46d5-b050-781e8e483049","block_type":"box","text":"war ceasefire, brokered in April, came under renewed strain","page_number":210,"box":{"x":42,"y":847,"width":450,"height":11}},{"id":"cf95356e-516c-4599-9a7a-477e5604b412","block_type":"box","text":"in July after fresh exchanges of strikes; markets are watching","page_number":210,"box":{"x":43,"y":861,"width":449,"height":12}},{"id":"70bb22f7-41d6-49ce-bf8c-2ae8f8cdc827","block_type":"box","text":"closely for signs of a durable resolution.","page_number":210,"box":{"x":42,"y":876,"width":293,"height":11}},{"id":"990afd4c-8153-495c-a525-538e98c89c6e","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":210,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"a3be0078-f2bf-45de-93e3-f4247170e407","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":210,"box":{"x":513,"y":93,"width":449,"height":12}},{"id":"74b82441-2505-4151-8a79-02ee807f9c93","block_type":"box","text":"offering), with Anthropic and OpenAI expected to follow,","page_number":210,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"60bfddac-3171-4975-85b2-afdfe62c7bd9","block_type":"box","text":"possibly later this year. However, questions remain about","page_number":210,"box":{"x":513,"y":122,"width":449,"height":11}},{"id":"29e812eb-06b6-45c4-9a8e-204ff1417a9c","block_type":"box","text":"the future valuations of these companies and whether","page_number":210,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"1fc63443-7018-43b2-86c0-8005fc5453d5","block_type":"box","text":"markets can absorb the new supply of shares. More broadly,","page_number":210,"box":{"x":513,"y":150,"width":449,"height":12}},{"id":"76e9f6ef-dc05-4f53-9550-95cbb1aab3cb","block_type":"box","text":"equity markets are being supported by potential long-term","page_number":210,"box":{"x":512,"y":165,"width":450,"height":11}},{"id":"a3fe6544-0158-44bd-9751-47979c14a620","block_type":"box","text":"AI-linked productivity gains and AI-driven demand for new","page_number":210,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"44b983c1-49b3-4742-a939-0e519b6fca77","block_type":"box","text":"data centres.","page_number":210,"box":{"x":512,"y":193,"width":95,"height":9}},{"id":"f12ab531-7db8-4c09-b02e-4ef24205b68d","block_type":"box","text":"We hold an overweight position in equities compared with","page_number":210,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"d2d70495-4a8f-4910-821e-55e065f7bbbd","block_type":"box","text":"our benchmark, given the evidence of robust corporate","page_number":210,"box":{"x":512,"y":232,"width":450,"height":12}},{"id":"9db5c891-398f-4d7a-8f02-6e608a02aacb","block_type":"box","text":"earnings and dividend growth. We continue to focus on","page_number":210,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"2eb6c84b-d55b-4fb9-88a9-f876f5a6dca6","block_type":"box","text":"high-quality companies with higher returns on equity, stable","page_number":210,"box":{"x":513,"y":261,"width":449,"height":11}},{"id":"edc2d0c7-94f6-43ee-b86b-25a9d41890a0","block_type":"box","text":"earnings growth and lower borrowings, which should offer","page_number":210,"box":{"x":512,"y":275,"width":450,"height":11}},{"id":"0fab35af-bb03-49a6-a6a3-5adddc8bf9fd","block_type":"box","text":"some downside protection in case of economic headwinds.","page_number":210,"box":{"x":512,"y":289,"width":436,"height":12}},{"id":"eea2c92d-63f6-4c0f-a1a5-3db744539add","block_type":"box","text":"Sarasin & Partners LLP","page_number":210,"box":{"x":512,"y":389,"width":174,"height":9}},{"id":"a0ec6278-1987-4722-9f29-514a39eeb0ea","block_type":"box","text":"3 August 2026","page_number":210,"box":{"x":512,"y":404,"width":106,"height":11}},{"id":"efb2eb8b-5184-4dd2-b6b3-0ad00aefa039","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":210,"box":{"x":512,"y":438,"width":445,"height":9}},{"id":"e1341366-56a0-48e7-a248-e354bd168a37","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":210,"box":{"x":511,"y":449,"width":446,"height":9}},{"id":"2ac3e169-3e46-439a-8469-aa209b297636","block_type":"box","text":"without notice.","page_number":210,"box":{"x":512,"y":461,"width":84,"height":7}},{"id":"6b088d86-ca44-40f6-8cfa-24fb266b5028","block_type":"box","text":"Top 10 purchases during the","page_number":210,"box":{"x":512,"y":486,"width":233,"height":11}},{"id":"bb42d4e4-8176-47c3-885e-2da708deacde","block_type":"box","text":"period","page_number":210,"box":{"x":746,"y":486,"width":49,"height":11}},{"id":"c5e9ddbf-45b9-4edb-a5bf-732b2a8668f2","block_type":"box","text":"iShares","page_number":210,"box":{"x":513,"y":499,"width":55,"height":9}},{"id":"a67b3862-2ee9-451c-9dd1-df392caa1a1b","block_type":"box","text":"MSCI ACWI UCITS ETF USD Accumulation","page_number":210,"box":{"x":569,"y":499,"width":329,"height":9}},{"id":"09e002e9-270b-44f2-b709-00505e648464","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":210,"box":{"x":512,"y":512,"width":411,"height":12}},{"id":"a15b222f-b6d3-48b0-afc4-fbf2d599be73","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":210,"box":{"x":512,"y":526,"width":301,"height":9}},{"id":"3e2a478c-860c-48a8-99f5-36c1a0cd9473","block_type":"box","text":"Xtrackers","page_number":210,"box":{"x":512,"y":539,"width":70,"height":9}},{"id":"071411fc-9108-41f9-a858-050f792bdf62","block_type":"box","text":"S&P 500 UCITS ETF","page_number":210,"box":{"x":583,"y":539,"width":161,"height":9}},{"id":"a0925996-4940-44be-911f-cb9c8de5b7e2","block_type":"box","text":"Schroder Asian Income Fund","page_number":210,"box":{"x":512,"y":553,"width":215,"height":8}},{"id":"c81653b3-6c2a-4fd5-922d-36b6f4bf3a3f","block_type":"box","text":"Xtrackers","page_number":210,"box":{"x":512,"y":566,"width":70,"height":9}},{"id":"0f853aa8-60fd-4761-8238-ac8de1f11498","block_type":"box","text":"MSCI Emerging Markets UCITS ETF","page_number":210,"box":{"x":583,"y":566,"width":278,"height":11}},{"id":"5e7fdf10-26f5-42e4-8088-d7364a957a39","block_type":"box","text":"MAN Funds - Man Japan","page_number":210,"box":{"x":513,"y":579,"width":190,"height":11}},{"id":"d2dbb818-7260-42ca-8814-5121b0d8662a","block_type":"box","text":"CoreAlpha","page_number":210,"box":{"x":704,"y":579,"width":78,"height":11}},{"id":"1ac19923-59f2-43af-b81f-fe9531e2c491","block_type":"box","text":"Equity","page_number":210,"box":{"x":782,"y":579,"width":51,"height":12}},{"id":"740de16f-18bf-4bec-b1ab-dc2b3a0b7e9e","block_type":"box","text":"iShares","page_number":210,"box":{"x":513,"y":593,"width":55,"height":9}},{"id":"85c6edc8-7f7d-484c-83e0-1de39e3db9ba","block_type":"box","text":"Global Aerospace &","page_number":210,"box":{"x":569,"y":593,"width":157,"height":11}},{"id":"e173a0f4-ad73-4d5b-9e20-10e978f6930a","block_type":"box","text":"Defence","page_number":210,"box":{"x":728,"y":593,"width":60,"height":9}},{"id":"b2bbe78c-730d-48cd-88f9-d2cfed0636b3","block_type":"box","text":"UCITS ETF","page_number":210,"box":{"x":789,"y":593,"width":91,"height":9}},{"id":"a2bba497-e8ab-4fcb-b018-b2600a1d4cf3","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":210,"box":{"x":512,"y":606,"width":404,"height":11}},{"id":"b15f831b-b8c9-44af-b7f1-84a682723144","block_type":"box","text":"iShares","page_number":210,"box":{"x":513,"y":620,"width":55,"height":8}},{"id":"cbadc6cc-2799-4931-8b3f-0343e4f791b2","block_type":"box","text":"Core S&P 500 UCITS ETF USD Distribution","page_number":210,"box":{"x":569,"y":620,"width":330,"height":9}},{"id":"7c3f988c-5fb0-4485-ad9c-fd5672db48cc","block_type":"box","text":"Top 10","page_number":210,"box":{"x":512,"y":638,"width":57,"height":11}},{"id":"ed4cb37d-6efb-45a0-a142-854e470294fa","block_type":"box","text":"sales","page_number":210,"box":{"x":570,"y":638,"width":40,"height":9}},{"id":"171c11f5-7c6d-49c1-9f9a-5152bd4e43e4","block_type":"box","text":"during the","page_number":210,"box":{"x":611,"y":638,"width":92,"height":11}},{"id":"750f425c-d39a-4b67-968d-85cdc5c2ae15","block_type":"box","text":"period","page_number":210,"box":{"x":704,"y":638,"width":49,"height":11}},{"id":"209d8400-1ff8-4468-acca-f58e7fd197c8","block_type":"box","text":"iShares","page_number":210,"box":{"x":513,"y":651,"width":55,"height":9}},{"id":"b3bf4644-0c6c-44c4-b4bd-251717dfb433","block_type":"box","text":"MSCI ACWI UCITS ETF USD Accumulation","page_number":210,"box":{"x":569,"y":651,"width":335,"height":9}},{"id":"48a02dd3-63ae-4a83-a9fc-f2a67b8895d8","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS","page_number":210,"box":{"x":512,"y":664,"width":427,"height":12}},{"id":"3abbf6f8-176a-44d9-b5c8-9094ab5f95de","block_type":"box","text":"ETF","page_number":210,"box":{"x":513,"y":679,"width":30,"height":9}},{"id":"a4e48229-067e-4947-acef-f3a872611f99","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":210,"box":{"x":512,"y":692,"width":242,"height":11}},{"id":"beeecab6-2857-4e00-a03a-95dd852e92ab","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":210,"box":{"x":512,"y":706,"width":404,"height":11}},{"id":"a7ff2567-4eb5-463b-b4e5-746a68020ec5","block_type":"box","text":"iShares","page_number":210,"box":{"x":513,"y":719,"width":55,"height":9}},{"id":"b08412bf-887c-46d7-82b5-f817ee94f9c0","block_type":"box","text":"Core MSCI Japan IMI UCITS ETF USD","page_number":210,"box":{"x":574,"y":719,"width":291,"height":11}},{"id":"cdb1a8d8-8342-49df-8abd-a1cb15de1796","block_type":"box","text":"Accumulation","page_number":210,"box":{"x":512,"y":733,"width":99,"height":9}},{"id":"8f7a442c-1ca1-4b1e-b4d5-790645b67314","block_type":"box","text":"Rio Tinto","page_number":210,"box":{"x":513,"y":747,"width":64,"height":9}},{"id":"bb6a1671-96d2-4fde-8c52-65e9549a366e","block_type":"box","text":"3i Infrastructure","page_number":210,"box":{"x":512,"y":760,"width":116,"height":9}},{"id":"c7ff7b21-2ece-4868-8bc6-d471ec9daf0a","block_type":"box","text":"BAE Systems","page_number":210,"box":{"x":513,"y":773,"width":101,"height":12}},{"id":"78f95ed5-460a-4b88-b631-582b7c128043","block_type":"box","text":"Givaudan","page_number":210,"box":{"x":512,"y":787,"width":70,"height":9}},{"id":"743b49d0-8c28-4c99-af0d-ab658673a0a5","block_type":"box","text":"ServiceNow","page_number":210,"box":{"x":512,"y":800,"width":89,"height":9}},{"id":"30697178-1147-4d4e-9192-0a6b8be94dfd","block_type":"box","text":"Investment Review (continued)","page_number":210,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"d067c32a-9780-4c86-ba35-a62e38b47093","block_type":"box","text":"210","page_number":211,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"3c5351c1-dacf-4b33-91c4-4d181d837960","block_type":"box","text":"SARASIN Equity Managed","page_number":211,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"cb373ab7-371c-4680-9b52-bc2579e96d03","block_type":"box","text":"Sub-fund Information","page_number":211,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"aff6d68c-9356-4db6-9acc-3eb67b553572","block_type":"box","text":"Risk and Reward Profile","page_number":211,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"d254f24c-4672-4f6e-aa61-80754296de8a","block_type":"box","text":"0","page_number":211,"box":{"x":71,"y":170,"width":8,"height":8}},{"id":"86994659-0773-4cab-927b-bc52faf0f498","block_type":"box","text":"Lower2","page_number":211,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"a9ab4cc6-da73-4c63-98b4-c5308f37a441","block_type":"box","text":"er2","page_number":211,"box":{"x":72,"y":145,"width":6,"height":8}},{"id":"53bcdd62-078a-47c7-8603-4ecf7ea2e223","block_type":"box","text":"risk","page_number":211,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"b0ed2f0d-5e81-4481-b842-9cde817f5a0b","block_type":"box","text":"Higher","page_number":211,"box":{"x":887,"y":145,"width":42,"height":9}},{"id":"25c02a16-2a1a-4a54-906e-7559e8b99218","block_type":"box","text":"risk","page_number":211,"box":{"x":934,"y":145,"width":23,"height":7}},{"id":"a2fd34ca-c855-40d9-83c2-b9fb5f353dc5","block_type":"box","text":"Typically","page_number":211,"box":{"x":42,"y":156,"width":52,"height":9}},{"id":"22a2249a-2005-464a-8a2f-180fd3b8ba16","block_type":"box","text":"lower rewards","page_number":211,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"07406791-3a1a-412a-a851-966a8c71c634","block_type":"box","text":"Typically","page_number":211,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"4d66f2f5-7314-481b-ad97-fe46a0850fcc","block_type":"box","text":"higher rewards","page_number":211,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"9fd1006c-da51-4347-bcbb-48f4f58b95ec","block_type":"box","text":"1","page_number":211,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"fc19595d-bacc-417a-b75b-050fefafa256","block_type":"box","text":"2","page_number":211,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"cbcf4bab-0e7c-407e-9421-8d8000b83eef","block_type":"box","text":"3","page_number":211,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"5993dece-2ac4-49c2-9c5f-e13e43dab01d","block_type":"box","text":"4","page_number":211,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"7a51d9f8-f881-44c0-80fc-f77e1be04fb7","block_type":"box","text":"5","page_number":211,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"3320468f-c194-4c24-8a48-9a6773ec7d4a","block_type":"box","text":"6","page_number":211,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"71bdce2e-0159-42c4-8442-ea4a3ab3ecb9","block_type":"box","text":"7","page_number":211,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"69ee3b0e-7a84-4c22-9c79-b8e358ecc0fb","block_type":"box","text":"•","page_number":211,"box":{"x":43,"y":217,"width":4,"height":3}},{"id":"d5e33746-3e1c-4f39-8ce6-ae28994f6a05","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":211,"box":{"x":67,"y":214,"width":445,"height":12}},{"id":"96cae600-0ef8-4365-9ad5-02c439619d30","block_type":"box","text":"•","page_number":211,"box":{"x":43,"y":232,"width":4,"height":3}},{"id":"2a9e5e01-bb40-4bd3-9726-c1611bbe1a95","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":211,"box":{"x":66,"y":229,"width":498,"height":11}},{"id":"268fdee8-0bfd-4fdc-bd66-b6dd1edfd3bb","block_type":"box","text":"•","page_number":211,"box":{"x":43,"y":246,"width":4,"height":3}},{"id":"bc77e679-8647-43da-aeff-c30c2af584bf","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":211,"box":{"x":66,"y":243,"width":342,"height":11}},{"id":"dde13de9-b7a4-495e-bd46-e708f4933e88","block_type":"box","text":"The Risk and Reward Indicator","page_number":211,"box":{"x":42,"y":268,"width":250,"height":9}},{"id":"407cfef9-88f0-4943-87ab-9b0f2ebc63e9","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":211,"box":{"x":42,"y":282,"width":920,"height":11}},{"id":"a4a7b125-32f3-436a-992b-b674e3136d61","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":211,"box":{"x":43,"y":296,"width":919,"height":12}},{"id":"9f99fa6c-6fd6-49ef-aed1-222c25ef3697","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":211,"box":{"x":42,"y":311,"width":920,"height":11}},{"id":"77a98cbb-c429-4fc8-b522-08f25e58dd25","block_type":"box","text":"but the greater the risk of losing money.","page_number":211,"box":{"x":43,"y":325,"width":297,"height":11}},{"id":"9a025c77-04d6-44c0-9b8d-190734bc6fee","block_type":"box","text":"The sub-fund is ranked at 5 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":211,"box":{"x":42,"y":350,"width":920,"height":11}},{"id":"4d4f1cd3-48a5-49b5-9f1f-0fbb42ae5159","block_type":"box","text":"higher levels of volatility historically.","page_number":211,"box":{"x":43,"y":364,"width":267,"height":11}},{"id":"f34b631e-10c8-4bcc-ba44-c0749b1756ac","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":211,"box":{"x":42,"y":389,"width":500,"height":11}},{"id":"07b776ac-e637-4ff7-b8f1-f109a5be8e12","block_type":"box","text":"Leverage risk:","page_number":211,"box":{"x":43,"y":403,"width":111,"height":11}},{"id":"8ca877d7-9582-479f-a1f3-ccc42e17a101","block_type":"box","text":"The sub-fund has the potential for increased losses (or gains) when it borrows money to amplify its investments.","page_number":211,"box":{"x":154,"y":403,"width":808,"height":11}},{"id":"3da126d8-989c-4aa7-bef2-f17c824ba3ff","block_type":"box","text":"This means small changes in the market can have a bigger impact on the sub-fund’","page_number":211,"box":{"x":42,"y":417,"width":617,"height":12}},{"id":"be40901e-f916-437c-b3cd-f08375d0d8dc","block_type":"box","text":"s value.","page_number":211,"box":{"x":660,"y":418,"width":56,"height":8}},{"id":"b2c444f1-4e40-4743-b010-ec18045d34db","block_type":"box","text":"Concentration risk:","page_number":211,"box":{"x":43,"y":443,"width":154,"height":8}},{"id":"d328301d-3c47-421a-9a0b-f526547c7f87","block_type":"box","text":"The sub-fund holds a small number of investments, and therefore a decline in the value of a single","page_number":211,"box":{"x":197,"y":442,"width":765,"height":12}},{"id":"6001c691-4319-4492-ace5-7472fa524411","block_type":"box","text":"investment may have a greater impact than if it held a larger number of investments.","page_number":211,"box":{"x":43,"y":457,"width":623,"height":11}},{"id":"c4a0c296-2752-490f-bae8-2ca66cb4ecc0","block_type":"box","text":"Emerging markets risk:","page_number":211,"box":{"x":43,"y":482,"width":190,"height":11}},{"id":"6093f519-281e-4bd8-85c0-4e7b8e40e26a","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":211,"box":{"x":233,"y":482,"width":729,"height":11}},{"id":"701224c4-b0c8-432b-8f1c-52bbf5f9d692","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":211,"box":{"x":43,"y":496,"width":919,"height":11}},{"id":"8cb21f9b-0074-4a63-8402-75c1d7c09fce","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":211,"box":{"x":42,"y":510,"width":777,"height":11}},{"id":"99e6cf84-45cd-4f67-a2c4-25e90c97f5c8","block_type":"box","text":"Alternative risk:","page_number":211,"box":{"x":42,"y":535,"width":128,"height":9}},{"id":"23c2c2ae-1107-409b-aa2a-b25a3a7d511d","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":211,"box":{"x":170,"y":535,"width":792,"height":11}},{"id":"fda80d22-2b14-4c38-b0a7-58a5c7a9d04b","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":211,"box":{"x":42,"y":549,"width":920,"height":12}},{"id":"af547f76-6215-4a12-9634-96cac1eecf13","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":211,"box":{"x":42,"y":564,"width":853,"height":11}},{"id":"9cca9f2c-f05b-40c3-a0f1-25d47ea9ee20","block_type":"box","text":"Exchange Traded Funds (ETFs) risk:","page_number":211,"box":{"x":43,"y":589,"width":288,"height":11}},{"id":"94e9cc9e-5002-4181-bf8e-bcd5eaccb9d5","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":211,"box":{"x":331,"y":589,"width":631,"height":11}},{"id":"8d390540-2ad4-4005-913c-5081b7f79012","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":211,"box":{"x":42,"y":603,"width":473,"height":11}},{"id":"ed0a38bf-a96c-4ce9-8430-58c9e33d9dd9","block_type":"box","text":"Operational risk:","page_number":211,"box":{"x":43,"y":628,"width":133,"height":11}},{"id":"1a48c173-0e1a-4647-94ba-2aea70e38843","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":211,"box":{"x":176,"y":628,"width":786,"height":11}},{"id":"6823bea1-e857-41d3-9cde-0dc7a13f28fc","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":211,"box":{"x":43,"y":642,"width":894,"height":11}},{"id":"4dfb3ac9-0ce3-4d1e-a9a6-a60b1e1cc3c7","block_type":"box","text":"Counterparty and settlement risk:","page_number":211,"box":{"x":43,"y":667,"width":269,"height":11}},{"id":"4cafdb9c-fc40-4b55-beb2-e707f772cfee","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":211,"box":{"x":312,"y":667,"width":650,"height":11}},{"id":"69ce177a-27d3-4994-bb90-7c6a654be00b","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":211,"box":{"x":43,"y":681,"width":423,"height":11}},{"id":"cd5b29bc-4c7e-47d8-9d6a-dfaefdfa64c7","block_type":"box","text":"Charges deducted from capital:","page_number":211,"box":{"x":43,"y":706,"width":257,"height":11}},{"id":"f6b0f636-9b2a-49e0-887c-ea0b22c9d08c","block_type":"box","text":"The sub-fund has charges deducted from capital, which may reduce the potential for","page_number":211,"box":{"x":307,"y":706,"width":650,"height":11}},{"id":"47ffbc3d-655f-4bf9-b1be-28259912adf7","block_type":"box","text":"growth.","page_number":211,"box":{"x":42,"y":721,"width":53,"height":11}},{"id":"363d3ebb-ce3c-4b7e-99b7-0d3b2afa56ea","block_type":"box","text":"211","page_number":212,"box":{"x":487,"y":972,"width":23,"height":8}},{"id":"6773a80a-1f14-4aba-9344-5dfb09f92bd2","block_type":"box","text":"SARASIN Equity Managed","page_number":212,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"1b4c55fb-57e2-4f8a-abad-7a4ce9bb90ff","block_type":"box","text":"Portfolio Statement","page_number":212,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"0723996f-47cf-4e64-8251-e277f2fc6a7b","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":212,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"07bd0050-c122-40e0-9db1-f0ecae0b2307","block_type":"box","text":"Holding","page_number":212,"box":{"x":146,"y":147,"width":49,"height":9}},{"id":"83579762-113e-489d-9425-9a568d0758a5","block_type":"box","text":"Investment","page_number":212,"box":{"x":230,"y":147,"width":69,"height":7}},{"id":"3336d950-5e88-49c6-835a-94e06a2c6cbe","block_type":"box","text":"Market","page_number":212,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"ad11c66b-1872-42a3-9620-bfe28c1a63df","block_type":"box","text":"Value","page_number":212,"box":{"x":765,"y":136,"width":34,"height":7}},{"id":"b2f9bc51-8ba0-4eab-8886-5da0231a4a82","block_type":"box","text":"£","page_number":212,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"a64f323a-8304-4268-819f-ca6234aa992a","block_type":"box","text":"% of","page_number":212,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"63d96061-4b55-418e-9ea8-90292a860de8","block_type":"box","text":"Net Assets","page_number":212,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"06961737-ad90-47c3-89b0-451b30c88433","block_type":"box","text":"Digitalisation","page_number":212,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"12e18a56-8296-4fe3-b973-f197aef4106a","block_type":"box","text":"4.67% (31 December 2025","page_number":212,"box":{"x":147,"y":179,"width":214,"height":11}},{"id":"a45ec089-9371-443e-be15-5362415f8e28","block_type":"box","text":"–","page_number":212,"box":{"x":361,"y":184,"width":9,"height":1}},{"id":"189b3b53-1cf5-4fd3-9598-a4fa0c35f9a0","block_type":"box","text":"5.98","page_number":212,"box":{"x":376,"y":179,"width":31,"height":9}},{"id":"a69dfe71-a17e-4d3e-be6b-de8e207d718b","block_type":"box","text":"%)","page_number":212,"box":{"x":408,"y":179,"width":19,"height":11}},{"id":"0ffba9bf-198f-4f34-a00b-553f2bee3b47","block_type":"box","text":"4,384","page_number":212,"box":{"x":154,"y":198,"width":41,"height":10}},{"id":"23495e5c-5cf7-4abc-8100-b6a29794371e","block_type":"box","text":"Alphabet 'A'","page_number":212,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"c7f4c9ec-fc28-46ea-9e77-8553f14cfd3a","block_type":"box","text":"1,179,930","page_number":212,"box":{"x":727,"y":198,"width":72,"height":10}},{"id":"b853479d-43d9-47d2-aaa1-2a246fa48a4d","block_type":"box","text":"0.74","page_number":212,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"b4dedac8-c703-4341-8565-a3ad6217b8f2","block_type":"box","text":"5,825","page_number":212,"box":{"x":154,"y":213,"width":41,"height":10}},{"id":"963faf4c-3241-425b-b7d0-93220c3ebe69","block_type":"box","text":"Amazon.com","page_number":212,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"98592188-8b0f-4b7f-bf5e-ce4a1ee90a32","block_type":"box","text":"1,056,458","page_number":212,"box":{"x":727,"y":213,"width":72,"height":10}},{"id":"46ddd3ec-2882-4fde-8616-a167481c9659","block_type":"box","text":"0.67","page_number":212,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"bdc2be46-f0e9-43b6-9335-09c0aa5d5763","block_type":"box","text":"3,374","page_number":212,"box":{"x":154,"y":229,"width":41,"height":10}},{"id":"8d0d7ebf-30a9-4343-a858-ab911549a617","block_type":"box","text":"Apple","page_number":212,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"82556711-3eb2-463a-94ca-b6ad51a7b5fc","block_type":"box","text":"778,363","page_number":212,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"2d54f8d7-ea13-4f44-85d3-d9f404fe8233","block_type":"box","text":"0.49","page_number":212,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"a4b90f97-e941-4c03-aa24-6fc5ca43184c","block_type":"box","text":"800","page_number":212,"box":{"x":168,"y":244,"width":27,"height":9}},{"id":"dc585a40-b839-4ca0-980f-9c3a8a249b8a","block_type":"box","text":"Disco","page_number":212,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"34375541-6653-4dcc-98fc-fac870dfb69a","block_type":"box","text":"284,409","page_number":212,"box":{"x":740,"y":244,"width":59,"height":10}},{"id":"bd908083-e892-47e3-a889-00f8ee45183a","block_type":"box","text":"0.18","page_number":212,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"3bcd5eae-7a37-4df9-a3a9-42075eb30b71","block_type":"box","text":"2,900","page_number":212,"box":{"x":154,"y":259,"width":41,"height":11}},{"id":"f1c8e617-7b10-4bfd-8458-ad86d34b6872","block_type":"box","text":"Hoya","page_number":212,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"6891767c-fb4f-420f-bf9f-df39abb58a71","block_type":"box","text":"348,910","page_number":212,"box":{"x":740,"y":259,"width":59,"height":11}},{"id":"22179916-b4cb-4c95-b9ce-4fee710d234d","block_type":"box","text":"0.22","page_number":212,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"b1ee3d68-47cd-4d4c-9264-36ee9989b664","block_type":"box","text":"2,492","page_number":212,"box":{"x":154,"y":275,"width":41,"height":10}},{"id":"96a27111-2bbb-4edc-9a5c-a04545c181fc","block_type":"box","text":"London Stock Exchange Group","page_number":212,"box":{"x":230,"y":274,"width":231,"height":12}},{"id":"fe53834d-7fa9-4146-8979-9d8be90a4265","block_type":"box","text":"215,957","page_number":212,"box":{"x":740,"y":275,"width":59,"height":10}},{"id":"d07e68ab-dc7d-4bc3-aaa5-b749c3a5a76c","block_type":"box","text":"0.14","page_number":212,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"49af8fcd-930d-4a05-9eec-b14dfdc3ea74","block_type":"box","text":"1,760","page_number":212,"box":{"x":155,"y":290,"width":40,"height":10}},{"id":"d98fa3f6-7e73-4bf8-b690-fd149677711e","block_type":"box","text":"Mastercard 'A'","page_number":212,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"d43118d4-41d3-4ecc-b653-3e419c15dfc3","block_type":"box","text":"710,562","page_number":212,"box":{"x":740,"y":290,"width":59,"height":10}},{"id":"b7f65326-5bdc-42cd-a523-30e13a960dc0","block_type":"box","text":"0.45","page_number":212,"box":{"x":925,"y":290,"width":32,"height":9}},{"id":"a874209b-2446-4136-a34d-8de08f3d7afd","block_type":"box","text":"848","page_number":212,"box":{"x":168,"y":305,"width":27,"height":9}},{"id":"58892cc5-69a3-4e90-b23b-10b8ed27aa8b","block_type":"box","text":"Meta Platforms 'A'","page_number":212,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"e20e7385-7b84-4cc8-8e9c-2c7e4985c0a0","block_type":"box","text":"369,895","page_number":212,"box":{"x":740,"y":305,"width":59,"height":11}},{"id":"885316f6-e56e-4642-a933-5008a9403364","block_type":"box","text":"0.23","page_number":212,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"0c8a4efe-5a36-4218-9781-aed010973bbe","block_type":"box","text":"3,283","page_number":212,"box":{"x":154,"y":321,"width":41,"height":10}},{"id":"d63a664e-d708-43e2-a6d7-25a2694cd054","block_type":"box","text":"Microsoft","page_number":212,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"46e9f798-da4f-461b-a256-181279d2ae02","block_type":"box","text":"957,606","page_number":212,"box":{"x":740,"y":321,"width":59,"height":10}},{"id":"5e030523-269d-465c-8632-97f81907e4e0","block_type":"box","text":"0.60","page_number":212,"box":{"x":925,"y":321,"width":31,"height":8}},{"id":"25436de6-6a41-40f7-9da8-cb0ffcff1dcd","block_type":"box","text":"563","page_number":212,"box":{"x":168,"y":336,"width":27,"height":9}},{"id":"0a80b9ce-6cbc-4279-b88e-69ce5bbed28f","block_type":"box","text":"Moody's","page_number":212,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"b39e4d80-d2e4-4416-a5d1-c42835fce861","block_type":"box","text":"206,579","page_number":212,"box":{"x":740,"y":336,"width":59,"height":10}},{"id":"0ed2c543-d089-4462-b37b-1ff7bb9d2e6f","block_type":"box","text":"0.13","page_number":212,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"857061b5-48ff-4fd8-8e3f-1b012aa63ad7","block_type":"box","text":"7,795","page_number":212,"box":{"x":154,"y":351,"width":41,"height":11}},{"id":"6d65baf0-8666-4650-ae71-3ddda1af82f8","block_type":"box","text":"Netflix","page_number":212,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"b2a3785d-e640-4285-b1f8-481134eac8e7","block_type":"box","text":"452,790","page_number":212,"box":{"x":739,"y":351,"width":60,"height":11}},{"id":"62ce1daf-8b38-45d6-9cb7-e2c3950d60d9","block_type":"box","text":"0.29","page_number":212,"box":{"x":925,"y":351,"width":31,"height":9}},{"id":"7ebd86ba-1e91-4ea5-882d-1fe4c17106c1","block_type":"box","text":"10,000","page_number":212,"box":{"x":146,"y":367,"width":49,"height":10}},{"id":"ccba3f28-1910-41a1-af7e-32738232ad25","block_type":"box","text":"Tencent Holdings","page_number":212,"box":{"x":229,"y":367,"width":128,"height":11}},{"id":"d543b4f2-2454-4f4e-8baa-84083612d9d6","block_type":"box","text":"411,580","page_number":212,"box":{"x":741,"y":367,"width":58,"height":10}},{"id":"6737039e-e929-4e85-b5dc-d2c327bc0b08","block_type":"box","text":"0.26","page_number":212,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"246d7af5-9eec-4a27-bace-652ccfc6bcdb","block_type":"box","text":"7,708","page_number":212,"box":{"x":154,"y":382,"width":41,"height":10}},{"id":"8cce44f9-911b-4ab1-b7ef-2d61a22dc9a9","block_type":"box","text":"Uber Technologies","page_number":212,"box":{"x":230,"y":382,"width":137,"height":11}},{"id":"b1cc1133-1ec9-4365-93f5-9942e0597c6a","block_type":"box","text":"429,443","page_number":212,"box":{"x":739,"y":382,"width":60,"height":10}},{"id":"9cf6d015-d135-4d8a-97b2-830b23971fe1","block_type":"box","text":"0.27","page_number":212,"box":{"x":925,"y":382,"width":31,"height":9}},{"id":"ae2185d9-b124-4d85-9dc3-dbf63b0fbac8","block_type":"box","text":"7,402,482","page_number":212,"box":{"x":726,"y":400,"width":73,"height":11}},{"id":"d6a71bb5-62cf-4e77-ae5e-4846d7050023","block_type":"box","text":"4.67","page_number":212,"box":{"x":925,"y":400,"width":31,"height":9}},{"id":"8ba881cc-1a6d-4354-ac2c-89c0c34d2c57","block_type":"box","text":"Automation","page_number":212,"box":{"x":42,"y":431,"width":92,"height":9}},{"id":"b751002f-2445-4b32-829a-47180c147f00","block_type":"box","text":"3.94% (31 December 2025","page_number":212,"box":{"x":135,"y":431,"width":214,"height":11}},{"id":"1b5f5cc8-5b01-4040-9602-27e54cc99c25","block_type":"box","text":"–","page_number":212,"box":{"x":349,"y":436,"width":9,"height":1}},{"id":"900bb2c3-6e66-42ec-a5db-6f4e9bd07055","block_type":"box","text":"3.42","page_number":212,"box":{"x":364,"y":431,"width":31,"height":9}},{"id":"b7beec07-001c-4267-8ceb-50a1d8793c3b","block_type":"box","text":"%)","page_number":212,"box":{"x":396,"y":431,"width":19,"height":11}},{"id":"63701aaf-0981-4109-b09b-f413ae4fe71a","block_type":"box","text":"909","page_number":212,"box":{"x":168,"y":450,"width":27,"height":9}},{"id":"24c6780b-9ac1-438e-b4a4-f08c47578dca","block_type":"box","text":"ASML Holding","page_number":212,"box":{"x":229,"y":450,"width":105,"height":11}},{"id":"93389e16-761d-4438-adef-2cbae934320b","block_type":"box","text":"1,272,521","page_number":212,"box":{"x":727,"y":450,"width":70,"height":10}},{"id":"f0414e09-55ea-4f48-a952-2ee66994ddb1","block_type":"box","text":"0.80","page_number":212,"box":{"x":925,"y":450,"width":31,"height":9}},{"id":"dc3bc560-d8ae-426d-bca8-8d779d161f37","block_type":"box","text":"3,034","page_number":212,"box":{"x":154,"y":465,"width":41,"height":10}},{"id":"3e87cdd6-b76b-435a-a878-2563f8c27836","block_type":"box","text":"Broadcom","page_number":212,"box":{"x":230,"y":465,"width":74,"height":9}},{"id":"ff3319e0-ab29-487b-bd61-2c34c97d953c","block_type":"box","text":"818,084","page_number":212,"box":{"x":740,"y":465,"width":59,"height":10}},{"id":"fa014d68-94a3-4560-b227-b355fdc60231","block_type":"box","text":"0.52","page_number":212,"box":{"x":925,"y":465,"width":31,"height":9}},{"id":"4d82f6bd-70f7-465e-bb07-89ddd09eac59","block_type":"box","text":"4,915","page_number":212,"box":{"x":154,"y":480,"width":41,"height":11}},{"id":"ed4a7258-d9ff-4a23-a2d9-c5c74225b3e3","block_type":"box","text":"Emerson Electric","page_number":212,"box":{"x":230,"y":481,"width":125,"height":8}},{"id":"7262bdeb-302b-4cb7-8baa-3cac7a951cf6","block_type":"box","text":"511,388","page_number":212,"box":{"x":741,"y":480,"width":58,"height":11}},{"id":"68de232e-e504-4628-ab33-2a6adb22e57d","block_type":"box","text":"0.32","page_number":212,"box":{"x":925,"y":480,"width":31,"height":9}},{"id":"d678bd49-dd99-4289-9d48-945077f2dc04","block_type":"box","text":"5,272","page_number":212,"box":{"x":154,"y":496,"width":41,"height":10}},{"id":"65a68198-313a-4534-b863-a7cda1a7e80b","block_type":"box","text":"Infineon Technologies","page_number":212,"box":{"x":230,"y":496,"width":160,"height":11}},{"id":"316a135c-123f-4963-9a21-a753818fea60","block_type":"box","text":"349,868","page_number":212,"box":{"x":740,"y":496,"width":59,"height":10}},{"id":"0acd3252-2052-4bb2-bb38-ef772550c7f7","block_type":"box","text":"0.22","page_number":212,"box":{"x":925,"y":496,"width":31,"height":9}},{"id":"e6ed86f7-cc3e-4785-b7c2-5f3d62c628b7","block_type":"box","text":"800","page_number":212,"box":{"x":168,"y":511,"width":27,"height":9}},{"id":"494dd691-bc5f-4578-a63e-a72a50150e2f","block_type":"box","text":"Keyence","page_number":212,"box":{"x":230,"y":511,"width":63,"height":11}},{"id":"c91c2864-dbb1-468c-b3ed-5a947e3702d9","block_type":"box","text":"296,700","page_number":212,"box":{"x":740,"y":511,"width":59,"height":11}},{"id":"89f439cf-21c2-4737-a7ee-be546a5338f9","block_type":"box","text":"0.19","page_number":212,"box":{"x":925,"y":511,"width":31,"height":9}},{"id":"8353d2c3-d4ab-4029-8cbf-7e0f84de10cb","block_type":"box","text":"12,844","page_number":212,"box":{"x":146,"y":527,"width":49,"height":10}},{"id":"7920513b-0b5f-4a99-8294-3366004db9e1","block_type":"box","text":"NVIDIA","page_number":212,"box":{"x":230,"y":527,"width":55,"height":8}},{"id":"8a56a16e-0893-49e6-b337-dafd31a5025b","block_type":"box","text":"1,870,132","page_number":212,"box":{"x":727,"y":527,"width":72,"height":10}},{"id":"05ca5eba-7510-4f5b-90e9-56cd89af55df","block_type":"box","text":"1.18","page_number":212,"box":{"x":926,"y":527,"width":30,"height":8}},{"id":"a34bf1f1-cea3-4a44-b950-13b4b9647d7e","block_type":"box","text":"1,844","page_number":212,"box":{"x":155,"y":542,"width":40,"height":10}},{"id":"1f5b4b55-7d47-4b06-b462-bb43eb0fe84e","block_type":"box","text":"Schneider Electric","page_number":212,"box":{"x":229,"y":542,"width":135,"height":9}},{"id":"ed03d75c-e6b3-4993-af29-2f8ccc53a231","block_type":"box","text":"442,456","page_number":212,"box":{"x":739,"y":542,"width":60,"height":10}},{"id":"e7c9d566-0f89-4265-bfbc-29b935b93302","block_type":"box","text":"0.28","page_number":212,"box":{"x":925,"y":542,"width":31,"height":9}},{"id":"058cf87d-e6fd-4660-b5c2-a3f7dfc99a74","block_type":"box","text":"1,446","page_number":212,"box":{"x":155,"y":557,"width":40,"height":11}},{"id":"76c7d2f9-25bf-4182-af8e-8668c90c02a1","block_type":"box","text":"Siemens","page_number":212,"box":{"x":229,"y":557,"width":64,"height":9}},{"id":"ab873db6-6ffd-4a51-ac50-2e0040cd611e","block_type":"box","text":"351,913","page_number":212,"box":{"x":740,"y":557,"width":59,"height":11}},{"id":"783734c3-b8ba-43b3-8879-ad393ca8d6e7","block_type":"box","text":"0.22","page_number":212,"box":{"x":925,"y":557,"width":31,"height":9}},{"id":"1dc82efe-0863-4d66-b783-820ad6817ab9","block_type":"box","text":"1,012","page_number":212,"box":{"x":155,"y":573,"width":40,"height":10}},{"id":"3252750e-8018-44af-aa47-352faae90418","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":212,"box":{"x":229,"y":573,"width":395,"height":11}},{"id":"32431c02-ab13-441d-b97f-f5c02a6c0f95","block_type":"box","text":"329,219","page_number":212,"box":{"x":740,"y":573,"width":59,"height":10}},{"id":"0d97b960-bbbd-4563-b9ff-196eacf7a00f","block_type":"box","text":"0.21","page_number":212,"box":{"x":925,"y":573,"width":29,"height":8}},{"id":"b0c6cc7f-44a0-4ecb-af25-03e41f784a7d","block_type":"box","text":"6,242,281","page_number":212,"box":{"x":726,"y":591,"width":71,"height":10}},{"id":"bd820edc-10e0-4afb-a1ae-40ab3d3a989b","block_type":"box","text":"3.94","page_number":212,"box":{"x":925,"y":591,"width":32,"height":8}},{"id":"919a82c3-8270-4e6a-8e7e-5ada19fd1cca","block_type":"box","text":"Ageing","page_number":212,"box":{"x":42,"y":622,"width":56,"height":11}},{"id":"c3a28e26-db8e-4397-a380-7d02770f8ccd","block_type":"box","text":"1.25% (31 December 2025 -","page_number":212,"box":{"x":99,"y":622,"width":224,"height":11}},{"id":"38bded86-fb6f-4301-9152-5fd5bc9e8d55","block_type":"box","text":"1.","page_number":212,"box":{"x":324,"y":622,"width":12,"height":8}},{"id":"9e39cfa5-f3dd-4d9b-a77b-f330e6c528e3","block_type":"box","text":"00","page_number":212,"box":{"x":338,"y":622,"width":17,"height":8}},{"id":"fbc35c79-17d0-48ec-8e4d-b8c25db1b555","block_type":"box","text":"%)","page_number":212,"box":{"x":356,"y":622,"width":19,"height":11}},{"id":"199fbebb-c718-4eb7-acfd-0d0c01b3304e","block_type":"box","text":"1,994","page_number":212,"box":{"x":155,"y":640,"width":40,"height":11}},{"id":"2fd9b17d-d7ef-44f9-a78c-e50f75ab50f0","block_type":"box","text":"Amgen","page_number":212,"box":{"x":229,"y":640,"width":52,"height":11}},{"id":"e6ecc37f-ade4-4f86-9e3f-eb389869bc87","block_type":"box","text":"558,126","page_number":212,"box":{"x":740,"y":640,"width":59,"height":11}},{"id":"aa2f7d77-ddae-497a-95f6-9bf16a2c0ec2","block_type":"box","text":"0.35","page_number":212,"box":{"x":925,"y":640,"width":32,"height":9}},{"id":"ba54db62-e42c-45d7-899f-da633e35d941","block_type":"box","text":"656","page_number":212,"box":{"x":168,"y":656,"width":27,"height":8}},{"id":"4557ac79-21b9-4257-b22c-3fdf1c8b109e","block_type":"box","text":"BlackRock","page_number":212,"box":{"x":230,"y":656,"width":78,"height":8}},{"id":"a32da83c-de29-4ef9-9d9e-0f7284c08800","block_type":"box","text":"488,330","page_number":212,"box":{"x":739,"y":656,"width":60,"height":10}},{"id":"853db6d9-1f83-4963-8eaa-f2e89a3ff799","block_type":"box","text":"0.31","page_number":212,"box":{"x":925,"y":656,"width":29,"height":8}},{"id":"3f8a57a8-9e91-4a2b-a3e8-fee240d2cb2d","block_type":"box","text":"585","page_number":212,"box":{"x":168,"y":671,"width":27,"height":9}},{"id":"5b98080f-f34c-47ec-b494-e2ff6a84d92a","block_type":"box","text":"Eli Lilly & Company","page_number":212,"box":{"x":230,"y":671,"width":143,"height":11}},{"id":"334afa7c-45df-4f72-ad9a-2cc36fb1c8a4","block_type":"box","text":"530,137","page_number":212,"box":{"x":740,"y":671,"width":59,"height":10}},{"id":"ab696acf-0cdc-4d83-a4ce-51b0feb59835","block_type":"box","text":"0.33","page_number":212,"box":{"x":925,"y":671,"width":31,"height":9}},{"id":"166ba183-ed21-409e-a370-3f80996fb20e","block_type":"box","text":"1,042","page_number":212,"box":{"x":155,"y":686,"width":40,"height":11}},{"id":"b0bf8d11-e381-40f4-88ee-8c8ff3cc8d21","block_type":"box","text":"Thermo Fisher Scientific","page_number":212,"box":{"x":229,"y":686,"width":181,"height":9}},{"id":"584787c8-bba0-405d-b3f1-a0f9ce49e4d6","block_type":"box","text":"408,102","page_number":212,"box":{"x":739,"y":686,"width":60,"height":11}},{"id":"5bae7c44-c64a-422e-8662-137a5a2cb71a","block_type":"box","text":"0.26","page_number":212,"box":{"x":925,"y":686,"width":31,"height":9}},{"id":"c8d92664-1de7-4e45-a928-e159c95a20bf","block_type":"box","text":"1,984,695","page_number":212,"box":{"x":727,"y":704,"width":72,"height":11}},{"id":"e5fe6dc2-53d8-4cfa-b81a-10d089c57d2e","block_type":"box","text":"1.25","page_number":212,"box":{"x":926,"y":704,"width":31,"height":9}},{"id":"6f6a2c95-e803-4a9a-b988-0c74674ea87b","block_type":"box","text":"Evolving Consumption","page_number":212,"box":{"x":43,"y":735,"width":181,"height":11}},{"id":"7e128b4c-1d88-46b8-b4fa-84f5034dfddc","block_type":"box","text":"1.65% (31 December 2025 -","page_number":212,"box":{"x":231,"y":735,"width":213,"height":11}},{"id":"1529f3f0-eeae-495e-bc31-287e46df14d2","block_type":"box","text":"2.","page_number":212,"box":{"x":449,"y":735,"width":13,"height":9}},{"id":"9afd3b10-515a-4373-9c3b-ad309f9b5b93","block_type":"box","text":"8","page_number":212,"box":{"x":463,"y":735,"width":8,"height":9}},{"id":"90ad1ef0-0c84-439b-8269-213f3854342e","block_type":"box","text":"6","page_number":212,"box":{"x":473,"y":735,"width":8,"height":9}},{"id":"4fc58fa8-ffa8-4f61-b7e5-7c8e91a9e078","block_type":"box","text":"%)","page_number":212,"box":{"x":482,"y":735,"width":19,"height":11}},{"id":"c6e482d1-bb62-4021-b4fd-76412ca2e9a8","block_type":"box","text":"7,916","page_number":212,"box":{"x":154,"y":754,"width":41,"height":10}},{"id":"289131f7-c2e3-45ab-8beb-cbc08709baf1","block_type":"box","text":"Colgate-Palmolive","page_number":212,"box":{"x":230,"y":754,"width":134,"height":11}},{"id":"2fd68e78-f5fe-43a6-9266-d72586ba8733","block_type":"box","text":"563,528","page_number":212,"box":{"x":740,"y":754,"width":59,"height":10}},{"id":"3610dcc1-3faf-4e63-870a-bdb07d8d77f3","block_type":"box","text":"0.36","page_number":212,"box":{"x":925,"y":754,"width":31,"height":9}},{"id":"683de719-2de8-4feb-9da2-2ddb09434cc9","block_type":"box","text":"8,819","page_number":212,"box":{"x":154,"y":769,"width":41,"height":11}},{"id":"cde7c0b2-2ff8-4ca8-bb56-901f69eabed9","block_type":"box","text":"Compass Group","page_number":212,"box":{"x":230,"y":769,"width":120,"height":11}},{"id":"571d2884-e679-41ec-8d02-b5c3aa15d76e","block_type":"box","text":"215,961","page_number":212,"box":{"x":740,"y":769,"width":57,"height":11}},{"id":"5826a645-9681-4a64-9147-087dae1a2a08","block_type":"box","text":"0.14","page_number":212,"box":{"x":925,"y":769,"width":31,"height":9}},{"id":"eba6f5fc-6ea1-4887-a213-ff4e8a0d7e3e","block_type":"box","text":"823","page_number":212,"box":{"x":168,"y":785,"width":27,"height":9}},{"id":"82ab0a50-3aff-4978-ab57-b0c4724e8417","block_type":"box","text":"Costco Wholesale","page_number":212,"box":{"x":230,"y":785,"width":133,"height":9}},{"id":"805384b8-6a86-4519-b737-60bb27543d0a","block_type":"box","text":"585,943","page_number":212,"box":{"x":740,"y":785,"width":59,"height":10}},{"id":"5879ddab-2783-41da-a4d8-101241c4f58e","block_type":"box","text":"0.37","page_number":212,"box":{"x":925,"y":785,"width":31,"height":9}},{"id":"de70127d-2ed9-417f-8a76-d7bcd2ec9310","block_type":"box","text":"1,192","page_number":212,"box":{"x":155,"y":800,"width":40,"height":10}},{"id":"11307e59-2b50-43df-85f4-b440f61ff12c","block_type":"box","text":"EssilorLuxottica","page_number":212,"box":{"x":230,"y":800,"width":116,"height":9}},{"id":"e7939121-0804-4dad-994c-d8262409fa41","block_type":"box","text":"175,835","page_number":212,"box":{"x":741,"y":800,"width":58,"height":10}},{"id":"53dd349f-455b-4662-9e75-2fe4ad4f1c04","block_type":"box","text":"0.11","page_number":212,"box":{"x":926,"y":800,"width":28,"height":9}},{"id":"c141757d-f7f8-4c7c-85b7-c663c7f41b9a","block_type":"box","text":"1,662","page_number":212,"box":{"x":155,"y":815,"width":40,"height":11}},{"id":"749baf5a-6a24-4df4-b38a-877aa62df5dd","block_type":"box","text":"Home Depot","page_number":212,"box":{"x":230,"y":815,"width":93,"height":11}},{"id":"4cc90fa4-6ea1-45a0-a2e3-a54db9fb78d5","block_type":"box","text":"445,178","page_number":212,"box":{"x":739,"y":815,"width":60,"height":11}},{"id":"1898ef59-bea8-418f-9068-f80821436d85","block_type":"box","text":"0.28","page_number":212,"box":{"x":925,"y":815,"width":31,"height":9}},{"id":"a7ab1e18-fcfb-471e-ac08-18d6076abd64","block_type":"box","text":"1,268","page_number":212,"box":{"x":155,"y":831,"width":40,"height":10}},{"id":"71aa6bb8-a007-4cde-8a81-34dfc66264a5","block_type":"box","text":"L'Oreal","page_number":212,"box":{"x":230,"y":831,"width":51,"height":9}},{"id":"2b965db4-8109-4911-ab10-609b7c984f73","block_type":"box","text":"415,313","page_number":212,"box":{"x":739,"y":831,"width":60,"height":10}},{"id":"defb3598-c12d-4fb5-bf13-a3b86db62ab1","block_type":"box","text":"0.26","page_number":212,"box":{"x":925,"y":831,"width":31,"height":9}},{"id":"9bcc04c6-902e-4ddc-a2fd-129716a88a28","block_type":"box","text":"493","page_number":212,"box":{"x":168,"y":846,"width":27,"height":9}},{"id":"3f54b6dd-ac72-46e1-95c7-f63902f111c2","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":212,"box":{"x":230,"y":846,"width":265,"height":11}},{"id":"3ad5a376-9f04-4518-a887-6f563d39632e","block_type":"box","text":"209,344","page_number":212,"box":{"x":740,"y":846,"width":59,"height":11}},{"id":"4d47d0bf-5413-4f8b-a1bc-056605fb6ef4","block_type":"box","text":"0.13","page_number":212,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"27e9e007-3a44-42ca-815b-9edebea89862","block_type":"box","text":"2,611,102","page_number":212,"box":{"x":727,"y":864,"width":72,"height":11}},{"id":"26943f7b-9756-4eb6-a252-2a4fe0f61d6b","block_type":"box","text":"1.65","page_number":212,"box":{"x":926,"y":864,"width":31,"height":9}},{"id":"07c150ba-03a4-475f-a082-6fb705916582","block_type":"box","text":"Security","page_number":212,"box":{"x":42,"y":895,"width":66,"height":11}},{"id":"772a98bd-8887-4743-9138-df74b63b02fa","block_type":"box","text":"2.67% (31 December 2025 -","page_number":212,"box":{"x":108,"y":895,"width":224,"height":11}},{"id":"a646b474-4f8b-46fe-a372-31ad48b685fa","block_type":"box","text":"2.","page_number":212,"box":{"x":333,"y":895,"width":12,"height":9}},{"id":"5a2a7a61-c7ab-446a-be43-3b2ddc4321cd","block_type":"box","text":"86","page_number":212,"box":{"x":347,"y":895,"width":17,"height":9}},{"id":"11cb8206-f786-4552-80a5-abf0cf4df60f","block_type":"box","text":"%)","page_number":212,"box":{"x":366,"y":895,"width":18,"height":11}},{"id":"4975a474-8616-4ae1-aac4-9b10faafe103","block_type":"box","text":"22,823","page_number":212,"box":{"x":145,"y":914,"width":50,"height":10}},{"id":"847a494d-5f92-40ff-923b-72d58eabd0f5","block_type":"box","text":"Bank of Ireland Group","page_number":212,"box":{"x":230,"y":914,"width":162,"height":11}},{"id":"99a55830-fc66-43d9-a6eb-90bd42f4dafe","block_type":"box","text":"338,330","page_number":212,"box":{"x":740,"y":914,"width":59,"height":10}},{"id":"8ba0f684-66e7-4678-87f2-b707f870952e","block_type":"box","text":"0.22","page_number":212,"box":{"x":925,"y":914,"width":31,"height":9}},{"id":"5be6f25e-0303-4b41-80ed-1d10be9e75cf","block_type":"box","text":"26,586","page_number":212,"box":{"x":145,"y":929,"width":50,"height":11}},{"id":"492b6ec3-d1cc-4866-a9f4-845b831290df","block_type":"box","text":"BHP Group","page_number":212,"box":{"x":230,"y":929,"width":84,"height":11}},{"id":"80b89413-3e46-4770-8169-bfa4b396f440","block_type":"box","text":"835,143","page_number":212,"box":{"x":740,"y":929,"width":59,"height":11}},{"id":"821927b1-07a9-4257-99df-b469f1d790dd","block_type":"box","text":"0.53","page_number":212,"box":{"x":925,"y":929,"width":31,"height":9}},{"id":"c38c14fc-e5b5-4e5b-b94e-8aad7b1768db","block_type":"box","text":"212","page_number":213,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"8103b415-21a2-46d6-adb3-cb337c0b3368","block_type":"box","text":"213","page_number":213,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"a843d12f-7957-4814-b892-d4895d5b8e16","block_type":"box","text":"SARASIN Equity Managed","page_number":213,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"e49c427b-d9ca-462e-9d1f-4b4a2b81fbf9","block_type":"box","text":"Portfolio Statement (continued)","page_number":213,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"2d1cd202-8c12-45a0-89aa-980db5d150db","block_type":"box","text":"Holding","page_number":213,"box":{"x":146,"y":132,"width":49,"height":9}},{"id":"788b19e1-418a-43cb-931c-36508369ba6e","block_type":"box","text":"Investment","page_number":213,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"5f940ae9-31a5-4cb8-9b74-84a67f2e5edb","block_type":"box","text":"Market","page_number":213,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"0d96358f-dfd8-4040-82bb-ea20f92c1360","block_type":"box","text":"Value","page_number":213,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"b9dc0131-f80b-4d16-9257-52f3a663d61e","block_type":"box","text":"£","page_number":213,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"38fd79a2-22fe-4552-9761-7d9a33d0fce5","block_type":"box","text":"% of","page_number":213,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"244d83ec-636e-456d-b5ab-20cad47aa3bb","block_type":"box","text":"Net Assets","page_number":213,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"39a141c0-73c9-4e9c-aee7-c5ea2f6a69c2","block_type":"box","text":"Security (continued)","page_number":213,"box":{"x":42,"y":164,"width":161,"height":11}},{"id":"f224db09-6f18-46f0-85ff-2f3b9b4a2faa","block_type":"box","text":"7,957","page_number":213,"box":{"x":154,"y":183,"width":41,"height":10}},{"id":"cf9e7192-7e83-4616-ac29-5d8ae72bb179","block_type":"box","text":"Citigroup","page_number":213,"box":{"x":230,"y":183,"width":65,"height":11}},{"id":"074b57f5-5c9a-474c-af59-ea9e4199c59e","block_type":"box","text":"833,556","page_number":213,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"b3640e2c-9b82-4638-a229-4d50413329e2","block_type":"box","text":"0.53","page_number":213,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"0bdf1fb5-7011-4a65-8870-7ef92ac501bd","block_type":"box","text":"2,593","page_number":213,"box":{"x":154,"y":198,"width":41,"height":11}},{"id":"c1f486a8-025a-4e88-9b6e-b60f8c072f1b","block_type":"box","text":"CME Group","page_number":213,"box":{"x":230,"y":198,"width":87,"height":11}},{"id":"1309b375-3874-42cb-b696-9814eba970f3","block_type":"box","text":"459,198","page_number":213,"box":{"x":739,"y":198,"width":60,"height":11}},{"id":"4932545b-3e97-4331-a0de-b27c89c4db1c","block_type":"box","text":"0.29","page_number":213,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"84828744-1c03-4924-882c-b9b2dccd6a0d","block_type":"box","text":"15,700","page_number":213,"box":{"x":146,"y":214,"width":49,"height":10}},{"id":"c27af8b6-7595-47f8-abde-42e3b8f32627","block_type":"box","text":"DBS Group","page_number":213,"box":{"x":230,"y":213,"width":84,"height":12}},{"id":"697f3be8-8c48-4d50-b5bc-7a8a14024cb8","block_type":"box","text":"606,138","page_number":213,"box":{"x":740,"y":214,"width":59,"height":10}},{"id":"33af0803-d0e5-4cb2-96e7-ea2c81dc5e94","block_type":"box","text":"0.38","page_number":213,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"941d1e3a-6462-4c21-92b1-7fb9b8e84f3a","block_type":"box","text":"487","page_number":213,"box":{"x":168,"y":229,"width":27,"height":9}},{"id":"6baba823-4933-47e8-9c74-6c5cc4efc64a","block_type":"box","text":"Deere & Company","page_number":213,"box":{"x":230,"y":229,"width":137,"height":11}},{"id":"4762a914-a5c8-4b3f-a117-c31d3f70f56d","block_type":"box","text":"226,370","page_number":213,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"ad53f76c-d9db-47e2-ad17-d5bbab9c26b2","block_type":"box","text":"0.14","page_number":213,"box":{"x":925,"y":229,"width":31,"height":9}},{"id":"282b7fe1-740f-4a81-ae9d-6c2ff85326d9","block_type":"box","text":"2,480","page_number":213,"box":{"x":154,"y":244,"width":41,"height":11}},{"id":"51533dfd-e905-4430-ae89-68e2b443158e","block_type":"box","text":"JPMorgan Chase & Company","page_number":213,"box":{"x":229,"y":244,"width":222,"height":11}},{"id":"60b472e6-1aad-45b1-b1ce-64b8c40d1d75","block_type":"box","text":"620,487","page_number":213,"box":{"x":740,"y":244,"width":59,"height":11}},{"id":"eaec4621-88f8-472a-b387-d0bbbe0c3306","block_type":"box","text":"0.39","page_number":213,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"89c32044-f022-452e-847a-b42338ce679a","block_type":"box","text":"231","page_number":213,"box":{"x":168,"y":260,"width":24,"height":8}},{"id":"08206d7e-4800-4d4a-8554-1761ff19056f","block_type":"box","text":"MercadoLibre","page_number":213,"box":{"x":230,"y":260,"width":101,"height":8}},{"id":"391d55fb-a6a6-4845-8e67-3b054778e5c0","block_type":"box","text":"304,861","page_number":213,"box":{"x":740,"y":260,"width":57,"height":10}},{"id":"3bbea35e-23f2-4665-9d0b-2b9b1ff0c1f7","block_type":"box","text":"0.19","page_number":213,"box":{"x":925,"y":260,"width":31,"height":8}},{"id":"62d396bc-ffdf-44e5-8bbe-7487e9fff38e","block_type":"box","text":"4,224,083","page_number":213,"box":{"x":726,"y":278,"width":73,"height":10}},{"id":"4549b68f-9b98-47f0-b1b4-e127bd7e0dc5","block_type":"box","text":"2.67","page_number":213,"box":{"x":925,"y":278,"width":31,"height":8}},{"id":"b5fe4e5d-9a2c-46d8-9908-c84b5ee9aae6","block_type":"box","text":"Sustained Income","page_number":213,"box":{"x":42,"y":309,"width":143,"height":8}},{"id":"6d785a30-66c1-4608-ae78-dce544d105b0","block_type":"box","text":"0.00% (31 December 2025 -","page_number":213,"box":{"x":186,"y":309,"width":224,"height":11}},{"id":"e5807bcf-22fd-4ecf-ae44-30a0f0cce444","block_type":"box","text":"0.83","page_number":213,"box":{"x":410,"y":309,"width":32,"height":8}},{"id":"87b31c39-130a-484a-b4f5-bbae64fd5ce7","block_type":"box","text":"%)","page_number":213,"box":{"x":443,"y":309,"width":19,"height":11}},{"id":"abfb98e5-adc9-47cc-bcb0-6c77fc039416","block_type":"box","text":"Climate Change","page_number":213,"box":{"x":43,"y":343,"width":125,"height":11}},{"id":"3fc58fc4-3f12-4eba-b080-205784c55847","block_type":"box","text":"0.33% (","page_number":213,"box":{"x":169,"y":343,"width":62,"height":11}},{"id":"d632e8d9-5514-401e-90a8-12443c0f5c63","block_type":"box","text":"31 December 2025 -","page_number":213,"box":{"x":232,"y":343,"width":161,"height":9}},{"id":"e1dabb84-c228-4c23-af20-357c4ac89ae7","block_type":"box","text":"0.28","page_number":213,"box":{"x":394,"y":343,"width":31,"height":9}},{"id":"9b8b9f38-e568-406a-80c0-6a311f34f1e2","block_type":"box","text":"%)","page_number":213,"box":{"x":426,"y":343,"width":19,"height":11}},{"id":"0318f04b-dc4f-4bbf-b281-9cde3f57a561","block_type":"box","text":"1,273","page_number":213,"box":{"x":155,"y":362,"width":40,"height":10}},{"id":"55c19f1c-ba32-4311-808e-3046d5f8bba8","block_type":"box","text":"Linde","page_number":213,"box":{"x":230,"y":362,"width":39,"height":8}},{"id":"a9c6d648-bd83-4082-8ce5-0d2acf318373","block_type":"box","text":"520,703","page_number":213,"box":{"x":740,"y":362,"width":59,"height":10}},{"id":"96534a58-3889-45d7-844a-b7952d7feca3","block_type":"box","text":"0.33","page_number":213,"box":{"x":925,"y":362,"width":31,"height":8}},{"id":"7a75a4dc-fc25-4584-8f5b-1a1e45abd1c8","block_type":"box","text":"520,703","page_number":213,"box":{"x":740,"y":380,"width":59,"height":10}},{"id":"093dfda0-89f2-42e0-ae2e-fc1cf9673cac","block_type":"box","text":"0.33","page_number":213,"box":{"x":925,"y":380,"width":31,"height":8}},{"id":"acd0063b-03ab-4b93-9769-9b7aac567512","block_type":"box","text":"Global Exchange Traded Funds","page_number":213,"box":{"x":43,"y":411,"width":249,"height":11}},{"id":"40638166-0c6a-47b6-b1a6-4e403af4edc9","block_type":"box","text":"76.74% (31 December 2025","page_number":213,"box":{"x":297,"y":411,"width":218,"height":11}},{"id":"9d82c368-2642-4a2f-984e-eea4053a3739","block_type":"box","text":"–","page_number":213,"box":{"x":515,"y":416,"width":9,"height":1}},{"id":"c8793a9c-92b3-40da-b678-d06d46abba25","block_type":"box","text":"78.67","page_number":213,"box":{"x":530,"y":411,"width":40,"height":8}},{"id":"692f10bc-63f3-4869-a15b-d0de9860ee68","block_type":"box","text":"%)","page_number":213,"box":{"x":572,"y":411,"width":19,"height":11}},{"id":"d5e5b13b-0af5-4e67-ae73-2cd7cdff17b3","block_type":"box","text":"1,102,453","page_number":213,"box":{"x":123,"y":429,"width":72,"height":11}},{"id":"a01677b5-9e34-4791-bf3f-11d317600831","block_type":"box","text":"Fidelity Global Quality Income UCITS ETF","page_number":213,"box":{"x":230,"y":429,"width":312,"height":11}},{"id":"9b141fef-9bbc-4436-999d-042b78f95b6d","block_type":"box","text":"9,483,199","page_number":213,"box":{"x":726,"y":429,"width":73,"height":11}},{"id":"af5442ee-f5e2-4876-9590-32750ed08553","block_type":"box","text":"5.99","page_number":213,"box":{"x":925,"y":429,"width":31,"height":9}},{"id":"5e6a536f-afe8-40b3-936a-fb1fe4958f9e","block_type":"box","text":"85,646","page_number":213,"box":{"x":145,"y":445,"width":50,"height":10}},{"id":"5adf05c3-9639-4223-a086-de69686d8fa8","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD","page_number":213,"box":{"x":230,"y":445,"width":358,"height":11}},{"id":"9ad984b8-e30d-47e3-9d80-529ed58deded","block_type":"box","text":"Accumulation","page_number":213,"box":{"x":229,"y":459,"width":99,"height":9}},{"id":"13920ffe-94f0-4a72-9c04-428420bb9d82","block_type":"box","text":"5,230,401","page_number":213,"box":{"x":726,"y":459,"width":71,"height":10}},{"id":"1965b1b4-1dbf-4b30-91d8-e0cf00d8acf7","block_type":"box","text":"3.30","page_number":213,"box":{"x":925,"y":459,"width":31,"height":9}},{"id":"9f46f897-9df9-44d5-85f0-5247c8390af9","block_type":"box","text":"180,213","page_number":213,"box":{"x":137,"y":474,"width":58,"height":11}},{"id":"ff03e5de-d282-441c-bdf5-fe0d2ede0d22","block_type":"box","text":"iShares Core S&P 500 UCITS ETF USD Distribution","page_number":213,"box":{"x":230,"y":474,"width":386,"height":9}},{"id":"a0920d3d-178a-496d-b8e0-1c9b7e4a7e14","block_type":"box","text":"10,081,115","page_number":213,"box":{"x":719,"y":474,"width":80,"height":11}},{"id":"3f4b1a82-b6cb-45fb-b700-879c121cb1c4","block_type":"box","text":"6.36","page_number":213,"box":{"x":925,"y":474,"width":31,"height":9}},{"id":"9cc79bdb-a941-4dae-8496-1cb8cfbb2ff3","block_type":"box","text":"236,477","page_number":213,"box":{"x":135,"y":490,"width":60,"height":10}},{"id":"6e78de7e-46e2-46c6-a5a6-5855fbd37164","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":213,"box":{"x":230,"y":490,"width":367,"height":11}},{"id":"94b51a53-ba02-4b13-9f8d-16ee4a1bce89","block_type":"box","text":"1,801,718","page_number":213,"box":{"x":727,"y":490,"width":72,"height":10}},{"id":"7497f97d-bb17-44e5-9852-a573c62ab552","block_type":"box","text":"1.14","page_number":213,"box":{"x":926,"y":490,"width":30,"height":8}},{"id":"5b290c23-ad27-4c5d-b149-f37c8b3011f7","block_type":"box","text":"51,793","page_number":213,"box":{"x":145,"y":505,"width":50,"height":10}},{"id":"ae15f08b-c16e-41b3-a2ed-abe200ca73e8","block_type":"box","text":"iShares Global Infrastructure UCITS ETF","page_number":213,"box":{"x":230,"y":505,"width":303,"height":9}},{"id":"ade76c11-817a-4e8d-a6ee-13e15f946fcd","block_type":"box","text":"1,535,145","page_number":213,"box":{"x":727,"y":505,"width":72,"height":10}},{"id":"36835c22-d1e2-4ef5-a446-5b7991dddf38","block_type":"box","text":"0.97","page_number":213,"box":{"x":925,"y":505,"width":31,"height":9}},{"id":"3d73c9d2-c0a5-4a12-b875-d93c0b647cb4","block_type":"box","text":"39,815","page_number":213,"box":{"x":145,"y":520,"width":50,"height":11}},{"id":"c854f206-85fc-4246-860f-06efaf228e5f","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":213,"box":{"x":229,"y":520,"width":411,"height":12}},{"id":"9b0042f0-49ea-483e-ad16-3631ac53888f","block_type":"box","text":"9,627,733","page_number":213,"box":{"x":726,"y":520,"width":73,"height":11}},{"id":"321c0fab-d819-4635-b4b8-a32b0f7647ae","block_type":"box","text":"6.08","page_number":213,"box":{"x":925,"y":520,"width":31,"height":9}},{"id":"3e823344-d654-4224-9ee8-c1a03b143bde","block_type":"box","text":"68,946","page_number":213,"box":{"x":145,"y":536,"width":50,"height":10}},{"id":"08e1f837-0b9e-415f-848c-81ec1930f25b","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS","page_number":213,"box":{"x":229,"y":536,"width":421,"height":11}},{"id":"de7ddf02-c407-4b55-8c4e-7c83693a7c60","block_type":"box","text":"ETF","page_number":213,"box":{"x":230,"y":550,"width":30,"height":9}},{"id":"316b2f80-36b8-40b6-b952-23f11b88c368","block_type":"box","text":"4,525,170","page_number":213,"box":{"x":725,"y":550,"width":74,"height":10}},{"id":"ce30e90a-4c08-4566-bd92-bea7aab0445a","block_type":"box","text":"2.86","page_number":213,"box":{"x":925,"y":550,"width":31,"height":9}},{"id":"48094499-cbfd-4b0d-8fbc-1b1613998dc2","block_type":"box","text":"43,411","page_number":213,"box":{"x":146,"y":565,"width":46,"height":11}},{"id":"4645b8e3-d691-47ba-a751-02394748b882","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":213,"box":{"x":229,"y":565,"width":301,"height":9}},{"id":"9646b344-9f2a-4a72-ba47-4e877e3f4cb3","block_type":"box","text":"24,344,282","page_number":213,"box":{"x":716,"y":565,"width":83,"height":11}},{"id":"2b0d71bf-5b37-487b-99da-f71c314bb208","block_type":"box","text":"15.36","page_number":213,"box":{"x":917,"y":565,"width":39,"height":9}},{"id":"eae01e6f-9e59-4fa6-9da0-23371e8c9989","block_type":"box","text":"113,573","page_number":213,"box":{"x":138,"y":581,"width":57,"height":10}},{"id":"b5ceaed3-a0e5-4343-83d2-00af4a4937ed","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":213,"box":{"x":229,"y":581,"width":242,"height":11}},{"id":"ced44df3-2a4e-4b3e-9ca9-0b62c59b2e5c","block_type":"box","text":"5,247,641","page_number":213,"box":{"x":726,"y":581,"width":71,"height":10}},{"id":"fbc19c2d-e312-470e-9dfd-a2497d82b894","block_type":"box","text":"3.31","page_number":213,"box":{"x":925,"y":581,"width":29,"height":9}},{"id":"29ea5314-0b7f-42f0-9c8a-9281666edd8a","block_type":"box","text":"88,680","page_number":213,"box":{"x":145,"y":596,"width":50,"height":10}},{"id":"bdf20eb0-41d8-46a4-9f7e-901e41aa2755","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS","page_number":213,"box":{"x":229,"y":596,"width":427,"height":11}},{"id":"04bb5fb6-daa9-4a4b-93b1-0c7ed089adaf","block_type":"box","text":"ETF","page_number":213,"box":{"x":230,"y":610,"width":30,"height":9}},{"id":"46ca6dc6-22e1-4a61-9dd4-99be5722b962","block_type":"box","text":"2,939,899","page_number":213,"box":{"x":726,"y":610,"width":73,"height":11}},{"id":"14b714f1-fb19-437f-a7b3-58369465ca3f","block_type":"box","text":"1.85","page_number":213,"box":{"x":926,"y":610,"width":31,"height":9}},{"id":"25b50f66-63be-424b-a01c-2c237d986e62","block_type":"box","text":"211,300","page_number":213,"box":{"x":136,"y":626,"width":59,"height":10}},{"id":"f6dcb321-b0f5-41d1-8bc3-c06648a7e1e5","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":213,"box":{"x":229,"y":626,"width":404,"height":11}},{"id":"c096d92e-a6a0-4d35-9d7a-d9b0d2f7504e","block_type":"box","text":"9,201,059","page_number":213,"box":{"x":726,"y":626,"width":73,"height":10}},{"id":"24822509-b683-4be6-8b19-65faeb0a369b","block_type":"box","text":"5.80","page_number":213,"box":{"x":925,"y":626,"width":31,"height":8}},{"id":"c1619ba4-2629-4630-9013-8419a03acff8","block_type":"box","text":"208,663","page_number":213,"box":{"x":135,"y":641,"width":60,"height":10}},{"id":"47d9ba04-fa1b-41e5-b06c-62df1c6600f9","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":213,"box":{"x":229,"y":641,"width":349,"height":11}},{"id":"efdbb1af-f368-468e-8802-a96b129512b0","block_type":"box","text":"14,695,060","page_number":213,"box":{"x":718,"y":641,"width":81,"height":10}},{"id":"fa40d054-c8cb-4d53-963b-61d2e808d54c","block_type":"box","text":"9.27","page_number":213,"box":{"x":925,"y":641,"width":31,"height":9}},{"id":"a1dee326-1031-4c5b-80a3-d6d2ab7ec061","block_type":"box","text":"45,785","page_number":213,"box":{"x":144,"y":656,"width":51,"height":11}},{"id":"bac3cd1d-57f6-4756-bd1f-078853b34cde","block_type":"box","text":"Xtrackers MSCI Europe Small Cap UCITS ETF","page_number":213,"box":{"x":229,"y":656,"width":349,"height":11}},{"id":"e95d2eb9-eca4-4120-99bc-a9159b4f8271","block_type":"box","text":"2,895,901","page_number":213,"box":{"x":726,"y":656,"width":71,"height":11}},{"id":"5688a024-9d56-44f2-aa32-69a8685905b9","block_type":"box","text":"1.83","page_number":213,"box":{"x":926,"y":656,"width":30,"height":9}},{"id":"ce46b795-ad07-4ee5-a9b4-c2e5d29b7b88","block_type":"box","text":"159,462","page_number":213,"box":{"x":137,"y":672,"width":58,"height":10}},{"id":"22b86f1a-84f8-44cc-9710-7fc5ae3bb636","block_type":"box","text":"Xtrackers S&P 500 UCITS ETF","page_number":213,"box":{"x":229,"y":672,"width":232,"height":9}},{"id":"67de2d20-3883-440f-adc2-ec6bdcf2af02","block_type":"box","text":"19,999,724","page_number":213,"box":{"x":718,"y":672,"width":81,"height":10}},{"id":"bd1299bf-c9a4-400d-8f4d-9c3b0e38cc1c","block_type":"box","text":"12.62","page_number":213,"box":{"x":917,"y":672,"width":39,"height":9}},{"id":"1e5776c3-ffea-4875-9eb3-a97d6c30d796","block_type":"box","text":"121,608,047","page_number":213,"box":{"x":708,"y":690,"width":91,"height":10}},{"id":"0830a14f-77d7-4596-bbf8-e5f8f327764a","block_type":"box","text":"76.74","page_number":213,"box":{"x":916,"y":690,"width":41,"height":8}},{"id":"57556963-76b6-4361-94b1-4ea1c0241c43","block_type":"box","text":"Global Collective Investment Schemes","page_number":213,"box":{"x":43,"y":721,"width":306,"height":9}},{"id":"782c81cd-af9a-4596-aa00-4c46cead2a60","block_type":"box","text":"7.10% (31 December 2025 - 3","page_number":213,"box":{"x":354,"y":721,"width":228,"height":11}},{"id":"03aef819-9dc5-45f7-b18e-6b9e4153ef30","block_type":"box","text":".","page_number":213,"box":{"x":584,"y":728,"width":2,"height":1}},{"id":"3ff20485-bf95-454e-9327-55bc73164842","block_type":"box","text":"45","page_number":213,"box":{"x":587,"y":721,"width":18,"height":9}},{"id":"41ccc136-df91-46c2-b913-551a3c4b2b24","block_type":"box","text":"%)","page_number":213,"box":{"x":606,"y":721,"width":19,"height":11}},{"id":"788110a3-9957-4905-9d82-cd6614fb69a3","block_type":"box","text":"173,408","page_number":213,"box":{"x":137,"y":739,"width":58,"height":11}},{"id":"38ff6339-7e68-49ec-9a21-44f4de245008","block_type":"box","text":"Brown Advisory US Mid-Cap Growth Fund","page_number":213,"box":{"x":230,"y":739,"width":311,"height":12}},{"id":"365bcfac-3ca2-41bd-9b77-454ff88194a6","block_type":"box","text":"3,818,444","page_number":213,"box":{"x":726,"y":739,"width":73,"height":11}},{"id":"26141593-acb1-4a65-999f-2694078bcdac","block_type":"box","text":"2.41","page_number":213,"box":{"x":925,"y":739,"width":29,"height":9}},{"id":"4807233c-8f57-4df1-a0a6-71757ad795c4","block_type":"box","text":"16,159","page_number":213,"box":{"x":146,"y":755,"width":49,"height":10}},{"id":"d800aea1-db03-4f6d-bbf3-eb8dea2b9700","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":213,"box":{"x":230,"y":755,"width":321,"height":11}},{"id":"513ce0ed-1048-47d9-8fa5-20917ff3af49","block_type":"box","text":"2,240,958","page_number":213,"box":{"x":726,"y":755,"width":73,"height":10}},{"id":"236dca9c-9962-49aa-bc4e-e0cf70af7432","block_type":"box","text":"1.41","page_number":213,"box":{"x":926,"y":755,"width":28,"height":8}},{"id":"6689d656-939b-45ce-ab8a-71f37bb6cbb7","block_type":"box","text":"12,956","page_number":213,"box":{"x":146,"y":770,"width":49,"height":10}},{"id":"9ad7eb2a-9141-4452-b132-9daac0b6f745","block_type":"box","text":"Redwheel Next Generation EM Equity Fund","page_number":213,"box":{"x":230,"y":770,"width":323,"height":11}},{"id":"e3a208f9-3cfb-42a6-b197-3d9ca563d6bf","block_type":"box","text":"2,152,797","page_number":213,"box":{"x":726,"y":770,"width":73,"height":10}},{"id":"1de5196e-a83a-4d4b-8faf-31602d1da9df","block_type":"box","text":"1.36","page_number":213,"box":{"x":926,"y":770,"width":30,"height":9}},{"id":"1e64415b-3a4d-433a-9655-b4fc80bafc69","block_type":"box","text":"2,501,677","page_number":213,"box":{"x":121,"y":785,"width":74,"height":11}},{"id":"7e5aece7-aeea-4d28-b6e4-2dff2261977f","block_type":"box","text":"Schroder Asian Income Fund","page_number":213,"box":{"x":229,"y":785,"width":215,"height":9}},{"id":"e6c30fe3-5133-496e-9e00-d1610325eb89","block_type":"box","text":"3,047,042","page_number":213,"box":{"x":726,"y":785,"width":73,"height":11}},{"id":"bdcbdf6a-4246-4d19-a443-91753715230b","block_type":"box","text":"1.92","page_number":213,"box":{"x":926,"y":785,"width":30,"height":9}},{"id":"648ab809-2053-406d-9bcb-65a8fdc099d1","block_type":"box","text":"11,259,241","page_number":213,"box":{"x":718,"y":803,"width":79,"height":11}},{"id":"08483b02-e4d4-480b-bb92-1828f4f22745","block_type":"box","text":"7.10","page_number":213,"box":{"x":925,"y":803,"width":31,"height":9}},{"id":"623e828a-a934-4778-af4b-f61807967451","block_type":"box","text":"Total Value of Investments 98.35%","page_number":213,"box":{"x":229,"y":844,"width":271,"height":9}},{"id":"359ce8be-d8e3-4ad7-929a-77c4b6f6ff5d","block_type":"box","text":"(31 December 2025 –","page_number":213,"box":{"x":230,"y":859,"width":170,"height":11}},{"id":"be3f7550-1270-49a9-bfa4-305b1a522047","block_type":"box","text":"99.35","page_number":213,"box":{"x":400,"y":859,"width":41,"height":9}},{"id":"3aa6cc0e-d243-4b23-ae44-f0f281333368","block_type":"box","text":"%)","page_number":213,"box":{"x":442,"y":859,"width":19,"height":11}},{"id":"8752fc17-2730-468b-94aa-b50c47a0200f","block_type":"box","text":"155,852,634","page_number":213,"box":{"x":708,"y":859,"width":91,"height":11}},{"id":"61f072da-e966-4df0-ba34-9b4d6ff5873d","block_type":"box","text":"98.35","page_number":213,"box":{"x":916,"y":859,"width":40,"height":9}},{"id":"603f35c5-5bea-45a9-9091-1457d94eb269","block_type":"box","text":"Net Other Assets","page_number":213,"box":{"x":230,"y":875,"width":134,"height":8}},{"id":"f3d399ce-80f7-4066-b7f1-f1554dc2452f","block_type":"box","text":"2,618,809","page_number":213,"box":{"x":726,"y":875,"width":73,"height":10}},{"id":"f976bcd2-6e81-4bec-86bd-67862d15777a","block_type":"box","text":"1.65","page_number":213,"box":{"x":926,"y":875,"width":31,"height":8}},{"id":"a2d4200f-3a6b-42f9-b4a6-0a32139a1f5e","block_type":"box","text":"Net assets","page_number":213,"box":{"x":230,"y":893,"width":82,"height":8}},{"id":"247ea25d-b46a-45f2-901c-936c2c7a3204","block_type":"box","text":"158,471,443","page_number":213,"box":{"x":708,"y":893,"width":91,"height":10}},{"id":"72a07a51-cf38-4e1d-a012-e5f2fd86e46e","block_type":"box","text":"100.00","page_number":213,"box":{"x":907,"y":893,"width":49,"height":8}},{"id":"c33c880e-d6f9-4b1a-b597-aeebb43e4054","block_type":"box","text":"All holdings are ordinary shares of stock and are listed on an official stock exchange unless otherwise stated.","page_number":213,"box":{"x":42,"y":929,"width":806,"height":12}},{"id":"78b94790-3d69-4cd5-ba4d-668a33332d5e","block_type":"box","text":"213","page_number":214,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"cc76d2b4-35ef-412e-8a78-7f4969ea18ab","block_type":"box","text":"SARASIN Equity Managed","page_number":214,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"b633002a-16a7-41ae-8f1e-13e038b441b8","block_type":"box","text":"Portfolio Statement (continued)","page_number":214,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"00dc1e3d-328b-4d8c-bc62-285fb66d3b9b","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":214,"box":{"x":42,"y":124,"width":416,"height":9}},{"id":"da3f2118-f2e1-49c8-b649-7f0ad473e9e5","block_type":"box","text":"Collective Investment Schemes","page_number":214,"box":{"x":230,"y":140,"width":233,"height":9}},{"id":"5a2e3146-1cfd-4625-83d6-e21208a69f7b","block_type":"box","text":"132,867,288","page_number":214,"box":{"x":709,"y":140,"width":90,"height":10}},{"id":"aab6d0e1-3a94-4156-a236-1949c90eac85","block_type":"box","text":"83.84","page_number":214,"box":{"x":916,"y":140,"width":40,"height":9}},{"id":"c29674b0-4b1e-4996-9e91-e915c377863e","block_type":"box","text":"Equities","page_number":214,"box":{"x":230,"y":155,"width":58,"height":11}},{"id":"5b485781-65a1-452e-9b96-5366cbbdb1d5","block_type":"box","text":"22,985,346","page_number":214,"box":{"x":717,"y":155,"width":82,"height":11}},{"id":"5bd8a237-8156-4a88-be12-e890e69a7f0d","block_type":"box","text":"14.51","page_number":214,"box":{"x":917,"y":155,"width":37,"height":9}},{"id":"aeaf4763-84fe-4b44-a05e-bae2590bf6cd","block_type":"box","text":"Net Other Assets","page_number":214,"box":{"x":230,"y":170,"width":125,"height":9}},{"id":"46137bc9-38be-40c8-85b2-d57b7ad83bcd","block_type":"box","text":"2,618,809","page_number":214,"box":{"x":726,"y":171,"width":73,"height":10}},{"id":"eb8a5d26-de84-4a71-a35f-2d9cd1216d21","block_type":"box","text":"1.65","page_number":214,"box":{"x":926,"y":171,"width":31,"height":8}},{"id":"7260e625-8d72-4c3b-8422-b03e1c34a12c","block_type":"box","text":"158,471,443","page_number":214,"box":{"x":708,"y":189,"width":91,"height":10}},{"id":"929f8ed5-b6f2-49c8-8a12-05388b7fbbe0","block_type":"box","text":"100.00","page_number":214,"box":{"x":907,"y":189,"width":49,"height":8}},{"id":"e3bd50c7-7e27-4d20-8a85-bc6fc10eb560","block_type":"box","text":"214","page_number":215,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"f1a7d586-57f9-45c3-8911-df2d06b47e5a","block_type":"box","text":"SARASIN Equity Managed","page_number":215,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"3591aacc-e7c7-4182-927a-50c35addcf11","block_type":"box","text":"Statement of Total Return","page_number":215,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"aa3b4947-e7e3-48d8-8679-7094856678fc","block_type":"box","text":"For the","page_number":215,"box":{"x":43,"y":95,"width":57,"height":9}},{"id":"1b00bdc1-8840-4f61-a0f4-fdd2dec21e11","block_type":"box","text":"period","page_number":215,"box":{"x":101,"y":95,"width":44,"height":11}},{"id":"52aefaae-1f62-4ace-be10-f86358501bd9","block_type":"box","text":"ended","page_number":215,"box":{"x":146,"y":95,"width":56,"height":9}},{"id":"45c1f53b-2dec-4241-9444-783aeaf9247b","block_type":"box","text":"3","page_number":215,"box":{"x":203,"y":95,"width":8,"height":9}},{"id":"6d340bd5-4bcd-42f1-9e3a-e18c2b75dd73","block_type":"box","text":"July","page_number":215,"box":{"x":217,"y":95,"width":29,"height":11}},{"id":"baeb4bd1-1a95-42ce-bd54-a81b7fa92a7c","block_type":"box","text":"202","page_number":215,"box":{"x":246,"y":95,"width":32,"height":9}},{"id":"d087a31d-f565-4962-bcad-d2af1e39eeac","block_type":"box","text":"6","page_number":215,"box":{"x":280,"y":95,"width":8,"height":9}},{"id":"2538da01-bf18-4e0b-ac16-a52caad997ec","block_type":"box","text":"(unaudited)","page_number":215,"box":{"x":288,"y":95,"width":89,"height":11}},{"id":"889d1b03-7f0b-4e4f-b7b3-7d1d2bd2c990","block_type":"box","text":"03.07.2026","page_number":215,"box":{"x":880,"y":125,"width":66,"height":7}},{"id":"effd0dbb-8553-4181-9a92-00640a873695","block_type":"box","text":"1,2","page_number":215,"box":{"x":947,"y":125,"width":10,"height":5}},{"id":"fa6825e5-ccc8-4fde-8a68-bd70af8e952b","block_type":"box","text":"£","page_number":215,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"b7023ef6-5e8d-4940-b1c6-ae97b39820df","block_type":"box","text":"£","page_number":215,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"2e86a870-33a2-4868-8576-4ccff60a931a","block_type":"box","text":"Income","page_number":215,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"9320a792-6ce1-42de-a2c6-0db0051b8982","block_type":"box","text":"Net capital gains","page_number":215,"box":{"x":55,"y":193,"width":122,"height":12}},{"id":"dc863d81-7b09-47cd-ba87-93a0d90843aa","block_type":"box","text":"15,529,806","page_number":215,"box":{"x":875,"y":193,"width":81,"height":11}},{"id":"ec1f832e-b6c3-4b6f-930c-0b8966604c26","block_type":"box","text":"Revenue","page_number":215,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"ed71a409-a6c6-4f28-90de-7fb6b0571026","block_type":"box","text":"945,102","page_number":215,"box":{"x":773,"y":210,"width":59,"height":10}},{"id":"3d7a3c2b-21d2-498c-8899-67fed9a7dd8d","block_type":"box","text":"Expenses","page_number":215,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"12b41b66-df8d-4a5a-81be-792fbdf83ff2","block_type":"box","text":"(263,838)","page_number":215,"box":{"x":762,"y":225,"width":71,"height":12}},{"id":"d6efbc98-73dc-4c60-ae27-23887c429233","block_type":"box","text":"Net revenue before taxation","page_number":215,"box":{"x":43,"y":246,"width":205,"height":9}},{"id":"9468206f-fff0-4afc-aa25-96ac18849d68","block_type":"box","text":"681,264","page_number":215,"box":{"x":773,"y":246,"width":60,"height":10}},{"id":"08a6b644-0f1a-416c-b249-e8a9275e30ef","block_type":"box","text":"Taxation","page_number":215,"box":{"x":42,"y":262,"width":61,"height":9}},{"id":"890a4eaf-d68d-4a25-973d-f8506bdd173b","block_type":"box","text":"(17,790)","page_number":215,"box":{"x":772,"y":262,"width":61,"height":11}},{"id":"60ede559-a835-4675-afeb-5918dbbac69b","block_type":"box","text":"Net revenue after taxation for the period","page_number":215,"box":{"x":43,"y":276,"width":317,"height":11}},{"id":"9911144f-06c5-4b75-b7ea-45ffdcf3e5a6","block_type":"box","text":"663,474","page_number":215,"box":{"x":897,"y":276,"width":59,"height":11}},{"id":"af6c8c48-f02c-4680-b6fe-c6b60f7ad25e","block_type":"box","text":"Total returns before distributions","page_number":215,"box":{"x":42,"y":297,"width":263,"height":9}},{"id":"d7a1f056-fc9d-43ad-897e-716dd875de83","block_type":"box","text":"16,193,280","page_number":215,"box":{"x":875,"y":297,"width":81,"height":10}},{"id":"343e6883-8e51-4175-8f7f-d942d909d199","block_type":"box","text":"Distributions","page_number":215,"box":{"x":43,"y":313,"width":91,"height":9}},{"id":"b0c349b7-dd14-48c3-b5a4-5eb56c1bb0b4","block_type":"box","text":"(919,941)","page_number":215,"box":{"x":886,"y":313,"width":71,"height":11}},{"id":"e820a8f7-0188-46af-a776-bc0dfc093d32","block_type":"box","text":"Change in net assets attributable to shareholders from investment","page_number":215,"box":{"x":43,"y":348,"width":534,"height":11}},{"id":"114bb974-785a-418d-8bdb-2f396e75322a","block_type":"box","text":"activities","page_number":215,"box":{"x":54,"y":362,"width":71,"height":9}},{"id":"905b9e05-685b-450b-88b4-b60b4e748cc2","block_type":"box","text":"15,273,339","page_number":215,"box":{"x":875,"y":360,"width":81,"height":11}},{"id":"7c1b78bb-b7fd-4560-a064-55e940ee15eb","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":215,"box":{"x":43,"y":404,"width":620,"height":14}},{"id":"2719ac3a-bebe-4762-8372-3474b677c2e8","block_type":"box","text":"For the","page_number":215,"box":{"x":43,"y":420,"width":57,"height":9}},{"id":"206b7acd-704d-45fe-942a-947688948c84","block_type":"box","text":"period","page_number":215,"box":{"x":101,"y":420,"width":44,"height":11}},{"id":"cf1c7ee2-0b3c-4922-a2fe-13060fb8f9f2","block_type":"box","text":"ended","page_number":215,"box":{"x":146,"y":420,"width":56,"height":9}},{"id":"a2cca7dd-8c86-44cb-8611-b7f580888365","block_type":"box","text":"3","page_number":215,"box":{"x":203,"y":420,"width":8,"height":9}},{"id":"9d5b26d4-ddbe-4bda-9d06-d812eae04b0c","block_type":"box","text":"July","page_number":215,"box":{"x":217,"y":420,"width":29,"height":11}},{"id":"f210b6ef-968a-445c-ad24-d754e0028f1c","block_type":"box","text":"202","page_number":215,"box":{"x":246,"y":420,"width":32,"height":9}},{"id":"d3a26fef-cbed-4a0f-a52e-8fe3dbae9c56","block_type":"box","text":"6","page_number":215,"box":{"x":280,"y":420,"width":8,"height":9}},{"id":"1cf9fcec-6077-47b6-a0d2-a74599a57a94","block_type":"box","text":"(unaudited)","page_number":215,"box":{"x":288,"y":420,"width":89,"height":11}},{"id":"e1fc3b17-ad80-435e-880d-972fa92e89db","block_type":"box","text":"03.07.2026","page_number":215,"box":{"x":877,"y":450,"width":66,"height":7}},{"id":"c95256eb-7491-4d16-9fc4-457c01a56466","block_type":"box","text":"1,2","page_number":215,"box":{"x":944,"y":450,"width":10,"height":5}},{"id":"a70218b6-7825-412c-9121-deb04931ccd4","block_type":"box","text":"£","page_number":215,"box":{"x":826,"y":465,"width":7,"height":7}},{"id":"f08a4394-35cd-434e-ae70-9d61cde75445","block_type":"box","text":"£","page_number":215,"box":{"x":947,"y":465,"width":7,"height":7}},{"id":"e2ea58b8-3c41-45ff-b750-fc28a5c7786e","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":215,"box":{"x":43,"y":501,"width":380,"height":11}},{"id":"31e8d501-7e36-4f13-b60a-07acfa9c6c3e","block_type":"box","text":"119,765,626","page_number":215,"box":{"x":867,"y":501,"width":89,"height":10}},{"id":"4fc6d141-054f-4f4a-9d4e-f84122acc0c7","block_type":"box","text":"Issue of shares","page_number":215,"box":{"x":43,"y":517,"width":112,"height":9}},{"id":"b6d2d07c-72bd-47a0-ab71-fb0f9016e681","block_type":"box","text":"48,607,689","page_number":215,"box":{"x":746,"y":517,"width":83,"height":10}},{"id":"24d1b5e1-0885-439c-b4da-24a6950d9efa","block_type":"box","text":"Cancellation of shares","page_number":215,"box":{"x":43,"y":533,"width":164,"height":9}},{"id":"1c51eb53-5bc2-4f06-8440-3861d6b80f82","block_type":"box","text":"(25,256,351)","page_number":215,"box":{"x":741,"y":533,"width":92,"height":11}},{"id":"e8646ee2-7ad1-4f04-8bbb-46e9d46aadba","block_type":"box","text":"23,351,338","page_number":215,"box":{"x":874,"y":549,"width":82,"height":10}},{"id":"7535b435-7aa4-43fc-8a58-a758d5bd4339","block_type":"box","text":"Change in net assets attributable to","page_number":215,"box":{"x":43,"y":565,"width":262,"height":11}},{"id":"b3e9290a-7f9e-47b2-bb1e-d619a7802010","block_type":"box","text":"shareholders from investment activities (see above)","page_number":215,"box":{"x":54,"y":579,"width":383,"height":12}},{"id":"4d0c516a-f4e1-455f-aa2b-d029b105ee0e","block_type":"box","text":"15,273,339","page_number":215,"box":{"x":875,"y":579,"width":81,"height":11}},{"id":"a8f9f64b-0467-4cea-9148-3f32d70a8ae3","block_type":"box","text":"Retained distribution on accumulation shares","page_number":215,"box":{"x":43,"y":596,"width":333,"height":8}},{"id":"57230e18-cdf4-468f-a641-3e5980f83acf","block_type":"box","text":"81,140","page_number":215,"box":{"x":907,"y":596,"width":49,"height":10}},{"id":"fced9347-2b44-4590-a427-0466fd2779be","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":215,"box":{"x":43,"y":613,"width":373,"height":11}},{"id":"148e574a-013b-4891-b8a0-d2e549099284","block_type":"box","text":"158,471,443","page_number":215,"box":{"x":866,"y":611,"width":90,"height":10}},{"id":"659aa04e-1556-47a3-9089-20cdb2359a76","block_type":"box","text":"1","page_number":215,"box":{"x":43,"y":644,"width":2,"height":4}},{"id":"1b401d04-af1e-4975-8a99-0688890c0802","block_type":"box","text":"There are no comparative figures shown as the sub-fund launched on 29","page_number":215,"box":{"x":46,"y":644,"width":432,"height":9}},{"id":"5c836b5a-8451-4c3d-a6eb-02814ddff44c","block_type":"box","text":"April 2025.","page_number":215,"box":{"x":482,"y":644,"width":63,"height":9}},{"id":"a5424fe2-0ca2-4ed3-b423-8becba3e654f","block_type":"box","text":"2","page_number":215,"box":{"x":42,"y":656,"width":4,"height":4}},{"id":"f1a78217-9169-4eea-b1d7-19212251ec76","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":215,"box":{"x":46,"y":656,"width":910,"height":9}},{"id":"292fbb7a-0790-45e3-82c1-bd438dfff5a6","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":215,"box":{"x":42,"y":667,"width":915,"height":9}},{"id":"ce47ef70-b720-42e7-8e6a-ed9fd70c8e25","block_type":"box","text":"shareholders.","page_number":215,"box":{"x":42,"y":679,"width":80,"height":7}},{"id":"09307731-ff1a-4079-a58a-b69a5b0005c0","block_type":"box","text":"215","page_number":216,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"e3a00c62-741e-4356-a781-ac84747ccd8d","block_type":"box","text":"SARASIN Equity Managed","page_number":216,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"4c88d8d2-5ae5-475d-81fa-fc4bf20ec321","block_type":"box","text":"Balance Sheet","page_number":216,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"8d85f5e7-9d11-4f80-93da-c5ce7bfa9274","block_type":"box","text":"As at","page_number":216,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"dc1bea3b-0173-4ad0-bdd6-641df5f93053","block_type":"box","text":"3 July 2026 (unaudited)","page_number":216,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"6e79c3a1-5790-44cb-ab98-3cccd28011fd","block_type":"box","text":"03.07.2026","page_number":216,"box":{"x":645,"y":115,"width":66,"height":6}},{"id":"9d997d33-d1be-4438-a667-f3970d8849c7","block_type":"box","text":"1","page_number":216,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"a2f54340-e875-4839-b791-9b7bc895375f","block_type":"box","text":"31.12.2025","page_number":216,"box":{"x":883,"y":115,"width":66,"height":6}},{"id":"a22e9762-4bf9-4482-a69f-ea748ef0d2c7","block_type":"box","text":"2","page_number":216,"box":{"x":950,"y":114,"width":4,"height":4}},{"id":"8083227d-a004-4ccc-9d18-9eeaf4dadf54","block_type":"box","text":"£","page_number":216,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"06a9df0d-d38a-4e2d-8ff5-f438b2c5e009","block_type":"box","text":"£","page_number":216,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"ebfa1ba4-036f-4f07-b940-8a8ad014e9a0","block_type":"box","text":"Assets","page_number":216,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"b56d713a-398e-46fb-b60d-486be7ebc8cb","block_type":"box","text":"Investments","page_number":216,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"f0a04e5b-20df-4221-aec5-551e3d0bc307","block_type":"box","text":"155,852,634","page_number":216,"box":{"x":628,"y":183,"width":90,"height":10}},{"id":"c6c5b8f4-a769-404b-82ae-f62105ba395c","block_type":"box","text":"118,986,644","page_number":216,"box":{"x":867,"y":183,"width":89,"height":10}},{"id":"9aa04bca-4365-4df4-8c98-c3f7750343fb","block_type":"box","text":"Amounts receivable","page_number":216,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"0107879d-6bfa-477e-886f-ffa5a985cc91","block_type":"box","text":"4,736,969","page_number":216,"box":{"x":645,"y":199,"width":73,"height":10}},{"id":"0e66f50d-3a0b-48a5-990b-d5b559f44bca","block_type":"box","text":"27,837","page_number":216,"box":{"x":906,"y":199,"width":50,"height":10}},{"id":"b85fcda2-5779-4e1e-88a4-d98200bcb3d6","block_type":"box","text":"Cash and cash equivalents","page_number":216,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"a8af56d9-0526-4510-9503-025f3b092424","block_type":"box","text":"2,864,426","page_number":216,"box":{"x":645,"y":215,"width":73,"height":10}},{"id":"ac513707-9a90-4944-9e2e-d0701d8515a5","block_type":"box","text":"2,208,682","page_number":216,"box":{"x":883,"y":215,"width":73,"height":10}},{"id":"23df34d1-3e65-400d-a183-7cdedec995fe","block_type":"box","text":"Total assets","page_number":216,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"c3a24f51-d105-4598-92ea-dda1136d9750","block_type":"box","text":"163,454,029","page_number":216,"box":{"x":628,"y":232,"width":90,"height":10}},{"id":"a24c7376-0b2e-4d34-9540-3985e16c3284","block_type":"box","text":"121,223,163","page_number":216,"box":{"x":866,"y":232,"width":90,"height":10}},{"id":"0c0d8d32-a994-4e91-8a16-427d94639b72","block_type":"box","text":"Liabilities","page_number":216,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"60e96bbe-9bd8-43c3-bc89-27fd172be3f9","block_type":"box","text":"Distribution payable","page_number":216,"box":{"x":55,"y":270,"width":145,"height":11}},{"id":"28874561-42f6-4b31-928c-b08063d314e0","block_type":"box","text":"(859,018)","page_number":216,"box":{"x":648,"y":270,"width":71,"height":11}},{"id":"57beffae-7dcb-48d6-8916-27c5fedb6374","block_type":"box","text":"(425,363)","page_number":216,"box":{"x":886,"y":270,"width":71,"height":11}},{"id":"34c20d68-5884-4de5-b590-1eef1c670740","block_type":"box","text":"Other amounts payable","page_number":216,"box":{"x":54,"y":286,"width":174,"height":11}},{"id":"893547ac-b8a4-41d2-95f0-e60c4a81b289","block_type":"box","text":"(4,123,568)","page_number":216,"box":{"x":634,"y":286,"width":85,"height":11}},{"id":"a589b615-0cda-4ffe-ac26-a64347c61449","block_type":"box","text":"(1,032,174)","page_number":216,"box":{"x":872,"y":286,"width":85,"height":11}},{"id":"1118385d-3107-4558-9305-5e1cf98e4e3a","block_type":"box","text":"Total liabilities","page_number":216,"box":{"x":42,"y":303,"width":103,"height":9}},{"id":"fd1a901a-d00e-4fa7-9287-50e54361b7bd","block_type":"box","text":"(4,982,586)","page_number":216,"box":{"x":634,"y":303,"width":85,"height":11}},{"id":"f7e13e0f-efd0-4121-b93f-d1dea8842f87","block_type":"box","text":"(1,457,537)","page_number":216,"box":{"x":872,"y":303,"width":85,"height":11}},{"id":"e061fdef-c3ff-40f7-b51c-29df125db6e0","block_type":"box","text":"Net assets attributable to shareholders","page_number":216,"box":{"x":43,"y":320,"width":309,"height":9}},{"id":"32f3dea6-2139-43ea-9c0b-60f0a1101a29","block_type":"box","text":"158,471,443","page_number":216,"box":{"x":628,"y":318,"width":90,"height":11}},{"id":"8e23059f-85f1-4f3d-9b9c-96f9f6707319","block_type":"box","text":"119,765,626","page_number":216,"box":{"x":867,"y":318,"width":89,"height":11}},{"id":"b2978081-127c-47b5-8289-00c10fa54c20","block_type":"box","text":"1","page_number":216,"box":{"x":43,"y":352,"width":2,"height":4}},{"id":"98f7e7a0-ae02-4e66-a885-0a877ffd8351","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":216,"box":{"x":46,"y":352,"width":910,"height":9}},{"id":"d881676b-b4f6-42b5-b4ea-74800cc8cfdb","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":216,"box":{"x":42,"y":363,"width":915,"height":9}},{"id":"6c77abd3-0f68-421a-a041-be4c4cc8c959","block_type":"box","text":"shareholders.","page_number":216,"box":{"x":42,"y":375,"width":80,"height":7}},{"id":"13ee011e-475d-49f7-9d02-a19b1ca3bf0b","block_type":"box","text":"2","page_number":216,"box":{"x":42,"y":386,"width":4,"height":4}},{"id":"1e3f7cb4-494f-4426-a64d-3f7328127736","block_type":"box","text":"The sub-fund launched on 29 April 2025.","page_number":216,"box":{"x":46,"y":386,"width":241,"height":9}},{"id":"2aac4d03-16c8-4b58-a4d2-cff8fffb065f","block_type":"box","text":"All items in the balance sheet above are current.","page_number":216,"box":{"x":42,"y":412,"width":358,"height":8}},{"id":"e62326fb-c7bf-4185-9a76-1b89617a84de","block_type":"box","text":"216","page_number":217,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"7fdf9d9e-38e3-4117-a7cd-f6121374f776","block_type":"box","text":"217","page_number":217,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"6e4e0628-bcc8-42e0-b08b-af63bb0d041a","block_type":"box","text":"SARASIN Equity Managed","page_number":217,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"c743334d-e322-4b56-97cb-b40bd3225ff6","block_type":"box","text":"Notes to the Financial Statements","page_number":217,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"07f0b9de-1d94-4581-a2db-aef962e9bee5","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":217,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"0b5e12d1-6414-4adf-96ae-9f441a806be6","block_type":"box","text":"1. Accounting Policies","page_number":217,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"739ca984-8ef7-4a5a-9b94-6890612aa873","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":217,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"c01159f9-800a-4eca-b4a7-494b6ff799e5","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":217,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"3398b3ce-4164-4d10-b5d1-f0457eeb8c0f","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":217,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"4b009ba1-1a5a-4b5e-8ebf-5b6266044571","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":217,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"a8561a5b-bddf-4ebb-a75a-21d337610beb","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":217,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"2ff7c0ed-4e77-4b0e-a5c7-87825c6205cd","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":217,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"fb7e26bd-45e4-43b5-986d-f019712c57f8","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":217,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"a442c17b-77a6-4d29-98b5-5d011c0b0360","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":217,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"6746db31-dbfe-467d-8bb0-99f89758e386","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":217,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"cdd282d2-ace9-403e-8def-3896df16d9d9","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":217,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"e032e85f-616c-4670-899e-d23fc070f9a8","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":217,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"b273769c-ca5f-443b-b797-43b4aa52dd0e","block_type":"box","text":"the current period.","page_number":217,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"57c1caf6-cde6-4981-a8e0-685e0e58c945","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":217,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"aeec2b61-811a-4491-ae82-7ea625c281ee","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":217,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"d5bb3bef-114f-47a8-b1b6-e56dd4a4752c","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":217,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"968f7a32-0cf6-4383-8e29-63bdad4f533b","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":217,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"70c1180c-5598-45a0-b9c6-abc23e07ea9f","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":217,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"df66894d-1ffb-4a74-b58c-5cb7190e4477","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":217,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"b3ec0bb8-0fb5-416a-8dfd-9c8a51a422e3","block_type":"box","text":"2. Related Parties","page_number":217,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"a814acf9-5e35-4d60-a16a-d70eae7e16a5","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":217,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"47b6bf9c-4088-45e5-9d64-cbecff8981a9","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":217,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"53ced5d4-7871-4b2a-bae4-6f8969e65a35","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":217,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"16077cb4-6aa2-4cbd-a9cc-c1ba9f64b42a","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on","page_number":217,"box":{"x":43,"y":513,"width":500,"height":11}},{"id":"c3f191fe-75be-44f1-9a20-08b6ee960d22","block_type":"box","text":"page 214","page_number":217,"box":{"x":544,"y":513,"width":68,"height":11}},{"id":"b21d8623-3a52-4bc9-ba04-0f3c5182f666","block_type":"box","text":".","page_number":217,"box":{"x":615,"y":521,"width":1,"height":1}},{"id":"5e8f0eef-d453-41fb-9b37-0c36f37524f4","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £27,102","page_number":217,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"664811e4-d92f-46fe-a7ab-9dc74b619ef5","block_type":"box","text":"(31 December 2025: £19,728).","page_number":217,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"97d76dbe-3524-4f79-b51d-0932e10fe37a","block_type":"box","text":"At the period end, Sarasin Equity Managed held no shares in any other sub-fund or collective investment schemes managed","page_number":217,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"6d855ccb-4e68-44c1-9d37-ef9b4d9d7a12","block_type":"box","text":"by associated companies of Sarasin Investment Funds (31 December 2025: same).","page_number":217,"box":{"x":43,"y":587,"width":618,"height":11}},{"id":"330ee60b-8586-4934-a921-c09189408959","block_type":"box","text":"At the period end, BNY (OCS) Nominees Limited owned 67.84% of the sub-fund on behalf of multiple beneficiaries","page_number":217,"box":{"x":42,"y":610,"width":920,"height":12}},{"id":"9b6a5970-0cf6-4975-8d1d-cb1e8378f4c2","block_type":"box","text":"(31 December 2025: 67.41%).","page_number":217,"box":{"x":43,"y":623,"width":222,"height":12}},{"id":"da484a50-94ed-4fb9-86a3-cafdbb1b943a","block_type":"box","text":"217","page_number":218,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"d008597a-0d7c-4818-b0b2-e079781c851a","block_type":"box","text":"SARASIN Equity Managed","page_number":218,"box":{"x":43,"y":34,"width":251,"height":13}},{"id":"2116dc60-d81e-41f1-abe2-5e08d8785408","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":218,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"96b5a67e-1f50-4d96-b40d-f8111f4a4bb4","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":218,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"966499c9-fdcb-4083-a553-f2f1f4fba599","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":218,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"6cb8916d-2fd6-45d1-a4b4-db24cc3e3a41","block_type":"box","text":"their fair value.","page_number":218,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"7982babe-ee1b-4753-9dd9-7df7effa174c","block_type":"box","text":"Valuation technique as at","page_number":218,"box":{"x":44,"y":170,"width":161,"height":8}},{"id":"2f51ec18-30ed-42c3-b1fb-19fccf4269fc","block_type":"box","text":"3 July 2026","page_number":218,"box":{"x":210,"y":170,"width":70,"height":9}},{"id":"d3033b7d-80f5-41fd-b72d-82430625325f","block_type":"box","text":"1","page_number":218,"box":{"x":281,"y":169,"width":3,"height":4}},{"id":"a01b3531-b7c2-4d5e-a3ac-22f0efad58c1","block_type":"box","text":"Financial Assets","page_number":218,"box":{"x":45,"y":195,"width":104,"height":7}},{"id":"a69e10ed-9356-4a53-bb5f-ea091d35b4ad","block_type":"box","text":"Level 1","page_number":218,"box":{"x":563,"y":184,"width":42,"height":7}},{"id":"8752e724-0c0d-4ff1-bfd6-094752720c80","block_type":"box","text":"£","page_number":218,"box":{"x":600,"y":195,"width":7,"height":7}},{"id":"bbf52ef8-f1dc-4295-a9aa-712761257335","block_type":"box","text":"Level 2","page_number":218,"box":{"x":679,"y":184,"width":44,"height":7}},{"id":"492c0f44-94bb-4d1f-8390-61cccb4dd676","block_type":"box","text":"£","page_number":218,"box":{"x":717,"y":195,"width":7,"height":7}},{"id":"a444db84-24a0-479a-a160-abf8f618c51f","block_type":"box","text":"Level 3","page_number":218,"box":{"x":796,"y":184,"width":44,"height":7}},{"id":"0e1f281b-43ed-41a1-ac8c-703b0ba35ccf","block_type":"box","text":"£","page_number":218,"box":{"x":833,"y":195,"width":7,"height":7}},{"id":"2f8d37d0-a911-4849-adb0-8908d7025a9c","block_type":"box","text":"Total","page_number":218,"box":{"x":926,"y":184,"width":30,"height":7}},{"id":"180de3b6-a636-4fd1-b301-60b4cd0bd212","block_type":"box","text":"£","page_number":218,"box":{"x":950,"y":195,"width":7,"height":7}},{"id":"eabf5dda-bc17-4095-845a-2a37e028e403","block_type":"box","text":"Collective Investment Schemes","page_number":218,"box":{"x":45,"y":214,"width":233,"height":8}},{"id":"40e0fc58-d714-4547-b122-b1040cf5bdbb","block_type":"box","text":"121,608,047","page_number":218,"box":{"x":516,"y":214,"width":90,"height":10}},{"id":"80040ac3-7fad-4698-84b0-ddf6b0f66b9d","block_type":"box","text":"11,259,241","page_number":218,"box":{"x":643,"y":214,"width":78,"height":10}},{"id":"474aac61-1918-47d2-87a3-bbaf00fba03b","block_type":"box","text":"–","page_number":218,"box":{"x":831,"y":219,"width":10,"height":1}},{"id":"7b95a3cd-1c17-4f54-bac4-4355c835c28e","block_type":"box","text":"132,867,288","page_number":218,"box":{"x":866,"y":214,"width":90,"height":10}},{"id":"ac22605a-3d68-493b-8872-0f4f89b333c2","block_type":"box","text":"Equities","page_number":218,"box":{"x":45,"y":229,"width":58,"height":11}},{"id":"98862b06-3439-43be-9dac-8866ebd7ddd4","block_type":"box","text":"22,985,346","page_number":218,"box":{"x":524,"y":229,"width":82,"height":10}},{"id":"80df2a99-b12c-4663-9f6b-dbe69abea876","block_type":"box","text":"–","page_number":218,"box":{"x":715,"y":234,"width":9,"height":1}},{"id":"685063ea-5e74-42b0-b601-86447c036fa8","block_type":"box","text":"–","page_number":218,"box":{"x":831,"y":234,"width":10,"height":1}},{"id":"aa808b9c-bc7c-4cb2-b4bf-8a69d343a5f3","block_type":"box","text":"22,985,346","page_number":218,"box":{"x":874,"y":229,"width":82,"height":10}},{"id":"6e33e929-f9e5-4f79-b797-5b81f1739f81","block_type":"box","text":"144,593,393","page_number":218,"box":{"x":516,"y":245,"width":90,"height":10}},{"id":"19fa1377-b6b9-4de2-b894-cbb28f8a89fa","block_type":"box","text":"11,259,241","page_number":218,"box":{"x":643,"y":245,"width":78,"height":10}},{"id":"98357acf-7363-46c7-9592-790ab81942c3","block_type":"box","text":"–","page_number":218,"box":{"x":831,"y":250,"width":10,"height":1}},{"id":"339147f7-15a2-41d2-acc7-30beaa2a762a","block_type":"box","text":"155,852,634","page_number":218,"box":{"x":866,"y":245,"width":90,"height":10}},{"id":"e4851314-cbf2-473d-8015-771d1a9cfa83","block_type":"box","text":"Valuation technique as at","page_number":218,"box":{"x":44,"y":276,"width":161,"height":9}},{"id":"d7e20f80-551d-4ad4-987d-b2cf9fcb03d9","block_type":"box","text":"31 December 2025","page_number":218,"box":{"x":210,"y":276,"width":116,"height":7}},{"id":"dd26e01e-7ca3-4367-8feb-3084c40a3b68","block_type":"box","text":"Financial Assets","page_number":218,"box":{"x":45,"y":302,"width":104,"height":7}},{"id":"50fae2f3-3d0a-4fb2-a191-0c18b289ae8b","block_type":"box","text":"Level 1","page_number":218,"box":{"x":563,"y":291,"width":42,"height":7}},{"id":"1a8753f3-0c0f-4596-be74-8fea6a5b8a99","block_type":"box","text":"£","page_number":218,"box":{"x":600,"y":302,"width":7,"height":7}},{"id":"cd4a3190-6f51-4c42-9b00-bf0936d3107a","block_type":"box","text":"Level 2","page_number":218,"box":{"x":679,"y":291,"width":44,"height":7}},{"id":"31dac10d-0bb6-452c-80fd-12e9b9f24731","block_type":"box","text":"£","page_number":218,"box":{"x":717,"y":302,"width":7,"height":7}},{"id":"46c9820e-798f-4248-9ebf-52a051953740","block_type":"box","text":"Level 3","page_number":218,"box":{"x":796,"y":291,"width":44,"height":7}},{"id":"634a0d61-9411-4056-8a06-75e3a103b9b3","block_type":"box","text":"£","page_number":218,"box":{"x":833,"y":302,"width":7,"height":7}},{"id":"8c9dee54-d253-4b34-a239-b642b19a2dc6","block_type":"box","text":"Total","page_number":218,"box":{"x":926,"y":291,"width":30,"height":7}},{"id":"912f35f6-ba57-499b-8290-643822f88f6f","block_type":"box","text":"£","page_number":218,"box":{"x":950,"y":302,"width":7,"height":7}},{"id":"4c0eafa3-9dfa-48b6-bd91-8099fa2ac85a","block_type":"box","text":"Collective Investment Schemes","page_number":218,"box":{"x":45,"y":320,"width":233,"height":9}},{"id":"9199b2e3-0469-4624-9081-28075af37911","block_type":"box","text":"94,228,448","page_number":218,"box":{"x":524,"y":320,"width":83,"height":10}},{"id":"524676d3-1018-4728-b403-fe4af662558f","block_type":"box","text":"4,131,604","page_number":218,"box":{"x":649,"y":320,"width":74,"height":10}},{"id":"f29b57e7-5b40-4042-b7c4-1ec06c0036d7","block_type":"box","text":"–","page_number":218,"box":{"x":831,"y":325,"width":10,"height":1}},{"id":"4464c152-33d6-4a1a-8a82-92a224d0b1ba","block_type":"box","text":"98,360,052","page_number":218,"box":{"x":874,"y":320,"width":82,"height":10}},{"id":"92c66a4f-d427-4651-8570-193a88f1c0bf","block_type":"box","text":"Equities","page_number":218,"box":{"x":45,"y":335,"width":58,"height":11}},{"id":"a553813d-6e57-4fb9-b618-c96f0761302a","block_type":"box","text":"20,626,592","page_number":218,"box":{"x":524,"y":335,"width":82,"height":11}},{"id":"f59d8918-ab44-467e-a35e-b05987c276cb","block_type":"box","text":"–","page_number":218,"box":{"x":715,"y":341,"width":9,"height":0}},{"id":"b6b053b5-01b6-4ea0-9d0b-c70066b29a80","block_type":"box","text":"–","page_number":218,"box":{"x":831,"y":341,"width":10,"height":0}},{"id":"e24dfad6-90f7-4ab5-81be-e4d2ccbaf2c6","block_type":"box","text":"20,626,592","page_number":218,"box":{"x":874,"y":335,"width":82,"height":11}},{"id":"a68a5cd1-7b51-4910-a2ca-2a8b038a1c46","block_type":"box","text":"114,855,040","page_number":218,"box":{"x":517,"y":352,"width":89,"height":10}},{"id":"10b922fa-0c70-4a81-9be1-5f7483785ca6","block_type":"box","text":"4,131,604","page_number":218,"box":{"x":649,"y":352,"width":74,"height":10}},{"id":"4e9638f8-5e2e-4306-8d94-676d6b78f870","block_type":"box","text":"–","page_number":218,"box":{"x":831,"y":357,"width":10,"height":1}},{"id":"f9cd5637-8d64-4e17-bb96-fa4a0cc2d152","block_type":"box","text":"118,986,644","page_number":218,"box":{"x":867,"y":352,"width":89,"height":10}},{"id":"034f74de-0d4b-422e-b223-ac12ac6985be","block_type":"box","text":"1","page_number":218,"box":{"x":43,"y":395,"width":2,"height":4}},{"id":"eaf0b384-14a9-486f-8a7e-ba1791d6d02b","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":218,"box":{"x":46,"y":395,"width":910,"height":9}},{"id":"9669874d-7910-430c-9a87-8d56476e11c0","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":218,"box":{"x":42,"y":406,"width":915,"height":9}},{"id":"4e387631-f59f-4eb4-8a4a-6365d035057c","block_type":"box","text":"shareholders.","page_number":218,"box":{"x":42,"y":418,"width":80,"height":7}},{"id":"d3035f06-bde6-454a-97d2-882f7090257b","block_type":"box","text":"Level 1","page_number":218,"box":{"x":43,"y":449,"width":53,"height":9}},{"id":"e26f34a6-d0b4-439e-8e08-362fa2bed481","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":218,"box":{"x":42,"y":462,"width":920,"height":11}},{"id":"0e92ba11-7961-48ef-adfa-f2cd7e85439b","block_type":"box","text":"date.","page_number":218,"box":{"x":42,"y":475,"width":36,"height":9}},{"id":"d036a625-483b-45a4-8f04-c84635f6a61b","block_type":"box","text":"Level 2","page_number":218,"box":{"x":43,"y":500,"width":55,"height":9}},{"id":"6a69ae1a-a7ac-46cc-a011-3de526a381ca","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":218,"box":{"x":42,"y":513,"width":894,"height":11}},{"id":"5904e569-277e-4497-9946-1790cd74a180","block_type":"box","text":"Level 3","page_number":218,"box":{"x":43,"y":538,"width":55,"height":9}},{"id":"0c280d53-e663-41a6-9f99-846ec1c9b31c","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":218,"box":{"x":42,"y":551,"width":678,"height":11}},{"id":"d24b3348-41bc-4549-b1ae-7a065e00e1c0","block_type":"box","text":"218","page_number":219,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"cb9bbd44-1591-4458-b4db-9502e775c977","block_type":"box","text":"219","page_number":219,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"a87d6991-bd2f-43ee-bd94-3f8591cf6559","block_type":"box","text":"SARASIN Growth Managed","page_number":219,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"644c5051-11d1-4c4e-a35a-ea4c2d403e58","block_type":"box","text":"Investment Objective and Policy","page_number":219,"box":{"x":43,"y":79,"width":308,"height":14}},{"id":"970edc92-655b-4327-9691-bddd85114acb","block_type":"box","text":"Investment Objective","page_number":219,"box":{"x":43,"y":95,"width":167,"height":11}},{"id":"e26b6bbb-40ba-424d-a723-6fcce62c225a","block_type":"box","text":"We seek to grow the sub-fund (through increases in","page_number":219,"box":{"x":42,"y":109,"width":450,"height":12}},{"id":"4ab30ff5-b08b-4459-8bf7-2df732a6e10b","block_type":"box","text":"investment value and income) by 4% per year more than the","page_number":219,"box":{"x":43,"y":124,"width":449,"height":11}},{"id":"6b84d5c0-b67d-4368-a6cb-318dca326753","block_type":"box","text":"Consumer Price Index (CPI) over a rolling 5 to 7-year period,","page_number":219,"box":{"x":43,"y":138,"width":449,"height":11}},{"id":"42613b5f-c79c-416c-847e-6783f1e15d45","block_type":"box","text":"after deducting fees and costs, by investing in a diversified","page_number":219,"box":{"x":42,"y":152,"width":450,"height":11}},{"id":"34eec4c3-634e-4071-b757-bfa2a79b0c0f","block_type":"box","text":"range of different asset classes including (but not limited to)","page_number":219,"box":{"x":43,"y":166,"width":449,"height":12}},{"id":"46d58ffd-66d9-4da8-b252-67d93ef02bc5","block_type":"box","text":"shares and bonds.","page_number":219,"box":{"x":42,"y":181,"width":137,"height":9}},{"id":"209ec964-9282-4e22-963b-1f591dcffad7","block_type":"box","text":"This target is not guaranteed over any period of time and the","page_number":219,"box":{"x":42,"y":206,"width":450,"height":11}},{"id":"98d523b4-1f53-4aee-9123-2cbac3a88ba8","block_type":"box","text":"sub-fund could lose value.","page_number":219,"box":{"x":42,"y":220,"width":193,"height":9}},{"id":"20f0c499-25a5-4391-98a6-26d5cb822a57","block_type":"box","text":"Investment Policy","page_number":219,"box":{"x":43,"y":245,"width":141,"height":11}},{"id":"e19e27c3-624d-4e69-ace0-499e24f36b64","block_type":"box","text":"Investments","page_number":219,"box":{"x":43,"y":259,"width":89,"height":9}},{"id":"1047e3f2-94cd-4541-8f06-5940d43dc766","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":219,"box":{"x":42,"y":284,"width":450,"height":9}},{"id":"ac90dea6-9300-477b-b018-879f2b223c57","block_type":"box","text":"funds, collective investment schemes (including exchange","page_number":219,"box":{"x":42,"y":298,"width":450,"height":12}},{"id":"2b59b36f-0428-4774-8ede-25115b340d23","block_type":"box","text":"traded funds, active funds and index trackers). Up to a","page_number":219,"box":{"x":42,"y":313,"width":450,"height":11}},{"id":"257f38cc-0626-4952-bc37-616da6613b6a","block_type":"box","text":"maximum of 50% of the sub-fund may be invested, managed","page_number":219,"box":{"x":43,"y":327,"width":449,"height":11}},{"id":"52490dec-a88a-4e8f-a40f-c728a76bd5b8","block_type":"box","text":"or operated by Sarasin or its associates. Through these","page_number":219,"box":{"x":42,"y":341,"width":450,"height":11}},{"id":"d7798ba4-e3fe-4c5b-84c7-08459af0dd36","block_type":"box","text":"investments, the sub-fund will indirectly be exposed to a","page_number":219,"box":{"x":43,"y":355,"width":449,"height":12}},{"id":"c23ddf98-03c1-40fa-b0ba-7917d70c65ef","block_type":"box","text":"diversified range of asset classes including (but not limited","page_number":219,"box":{"x":42,"y":370,"width":450,"height":11}},{"id":"a94e6b40-0642-4bb3-9bd1-360fa70a3dc7","block_type":"box","text":"to) shares, bonds, alternative investments and cash. The","page_number":219,"box":{"x":42,"y":384,"width":450,"height":11}},{"id":"312e4c0d-356d-403e-bdf9-102c89111a09","block_type":"box","text":"sub-fund may invest up to a maximum of 50% in these asset","page_number":219,"box":{"x":42,"y":398,"width":450,"height":11}},{"id":"d8f94b68-2921-4dbc-9961-12c3fd830188","block_type":"box","text":"classes directly.","page_number":219,"box":{"x":42,"y":412,"width":116,"height":12}},{"id":"255f57a3-24cf-42b4-9a00-513920f8f432","block_type":"box","text":"Investment Selection","page_number":219,"box":{"x":43,"y":437,"width":154,"height":9}},{"id":"a7a28704-94ec-4a9f-b7ab-b30363a13baa","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":219,"box":{"x":42,"y":462,"width":450,"height":11}},{"id":"91c89935-adb9-4247-a897-56072dcb5547","block_type":"box","text":"which offers funds with different expected combinations of","page_number":219,"box":{"x":42,"y":476,"width":450,"height":12}},{"id":"5cbf9ec0-ac11-4da7-acd0-55a8ca6ffd16","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":219,"box":{"x":43,"y":491,"width":449,"height":11}},{"id":"cbb31cda-da9a-43cf-bd9a-74422d8a4081","block_type":"box","text":"approach to asset allocation, which means it sets long-term","page_number":219,"box":{"x":42,"y":505,"width":450,"height":11}},{"id":"04f3d419-6a44-4a63-84a3-12ec8ec06365","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":219,"box":{"x":42,"y":519,"width":450,"height":11}},{"id":"9c40598e-38c5-45d5-9dab-9918afe3ead5","block_type":"box","text":"The sub-fund takes a growth-oriented approach and will","page_number":219,"box":{"x":42,"y":533,"width":450,"height":12}},{"id":"e1ae5578-e7b7-47e4-a423-f997319ef342","block_type":"box","text":"have a higher strategic weighting to investments that have","page_number":219,"box":{"x":43,"y":548,"width":449,"height":11}},{"id":"a23e4fae-61f4-46fc-a638-05a0db11e873","block_type":"box","text":"the potential for greater returns but come with a higher risk","page_number":219,"box":{"x":42,"y":562,"width":450,"height":11}},{"id":"9bd4c203-a22b-4922-9523-95b8313f753a","block_type":"box","text":"of losing capital, principally shares, with a lower strategic","page_number":219,"box":{"x":42,"y":576,"width":450,"height":12}},{"id":"02052ccb-a63e-4166-be01-6db648eb77af","block_type":"box","text":"weighting to bonds and cash, which typically have lower risk.","page_number":219,"box":{"x":42,"y":591,"width":450,"height":11}},{"id":"674d8090-6aea-48d0-960f-daebec8f2ca7","block_type":"box","text":"The sub-fund therefore aims to achieve a moderate to high","page_number":219,"box":{"x":42,"y":605,"width":450,"height":11}},{"id":"9ea670e6-397b-4ac2-bfc1-d0b3cab73de3","block_type":"box","text":"level of risk and return.","page_number":219,"box":{"x":43,"y":619,"width":167,"height":9}},{"id":"a2923f82-a3fd-45bd-bedf-d818243bee05","block_type":"box","text":"Exposure will be achieved both directly and indirectly in","page_number":219,"box":{"x":43,"y":644,"width":449,"height":11}},{"id":"09a4c64a-2176-4113-85c1-05dfef2f5350","block_type":"box","text":"respect of bonds, shares and alternative investments.","page_number":219,"box":{"x":43,"y":658,"width":395,"height":11}},{"id":"60f4da97-f67f-4a0f-a411-442503064d24","block_type":"box","text":"Between 60-100%, but typically 80%, of the sub-fund will be","page_number":219,"box":{"x":43,"y":683,"width":449,"height":11}},{"id":"88c40545-cd45-4b94-a3d9-c9a49afc9fe8","block_type":"box","text":"exposed to shares in companies from across the world.","page_number":219,"box":{"x":42,"y":697,"width":409,"height":12}},{"id":"4895998b-9d06-405f-815c-d4b189f6b3a1","block_type":"box","text":"Between 0-30%, but typically 10%, of the sub-fund will","page_number":219,"box":{"x":43,"y":722,"width":443,"height":12}},{"id":"896b3814-2594-4ccc-b8b2-b13bb17c83da","block_type":"box","text":"be exposed to bonds, which are loans typically issued by","page_number":219,"box":{"x":43,"y":737,"width":444,"height":11}},{"id":"e3049763-2c5a-4f54-92b5-52466db96b1d","block_type":"box","text":"companies, institutions and governments. This may include","page_number":219,"box":{"x":42,"y":751,"width":445,"height":11}},{"id":"da3ee76b-47fc-490f-bab3-c0b28b5b2cd9","block_type":"box","text":"investment grade bonds, where the issuer has a higher","page_number":219,"box":{"x":43,"y":765,"width":445,"height":11}},{"id":"d1b0f095-adb9-47ef-a156-06c622384abc","block_type":"box","text":"capacity to repay the debt, as well as sub-investment grade","page_number":219,"box":{"x":42,"y":780,"width":445,"height":11}},{"id":"78ed65bf-f7b9-4027-970e-b7e831deaa9f","block_type":"box","text":"bonds, which can be more vulnerable to changing market","page_number":219,"box":{"x":43,"y":794,"width":444,"height":11}},{"id":"576ebd0e-0a86-47ce-b34b-d21202275c16","block_type":"box","text":"conditions but typically pay a higher rate of interest.","page_number":219,"box":{"x":42,"y":808,"width":380,"height":11}},{"id":"80abd199-b63b-43d3-805d-449760239642","block_type":"box","text":"Between 0-45%, but typically 10%, of the sub-fund will be","page_number":219,"box":{"x":43,"y":833,"width":444,"height":11}},{"id":"1a2af9c4-c614-4eb5-b5ac-936289148dca","block_type":"box","text":"exposed to cash and alternative investments which include,","page_number":219,"box":{"x":42,"y":847,"width":450,"height":11}},{"id":"fdbbf8be-8367-4a93-b3e3-2d632ef583b1","block_type":"box","text":"but are not limited to, infrastructure, commodities (up to a","page_number":219,"box":{"x":43,"y":861,"width":449,"height":12}},{"id":"77ce2f75-7987-47a7-ac47-d25138a09f8a","block_type":"box","text":"max. 10%) and private equity/venture capital which may be","page_number":219,"box":{"x":43,"y":876,"width":449,"height":11}},{"id":"f5603fe7-1815-4f8c-b2ee-34d4b0d0e07a","block_type":"box","text":"accessed through listed investment trusts and open-ended","page_number":219,"box":{"x":42,"y":890,"width":450,"height":11}},{"id":"e2781d81-d408-48c2-8ad4-04510440f1d3","block_type":"box","text":"funds or other financial instruments.","page_number":219,"box":{"x":42,"y":904,"width":264,"height":9}},{"id":"bca1fd89-6a6e-4621-b03d-af31aacf9486","block_type":"box","text":"Through investing in other funds, the sub-fund may also be","page_number":219,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"764d6be7-89e1-4d21-81b1-9370062f8410","block_type":"box","text":"exposed to other asset classes such as property, money","page_number":219,"box":{"x":512,"y":93,"width":450,"height":12}},{"id":"29f14fea-f88a-487d-8c91-a3e9726f2c2f","block_type":"box","text":"market instruments, which are shorter term loans, and other","page_number":219,"box":{"x":513,"y":108,"width":449,"height":10}},{"id":"bf160f86-ab4f-40c3-8817-98ce9b23c857","block_type":"box","text":"permitted investments.","page_number":219,"box":{"x":513,"y":122,"width":166,"height":11}},{"id":"9dd696e6-f7d0-458b-ab0c-be6101319786","block_type":"box","text":"The sub-fund is actively managed, which means the","page_number":219,"box":{"x":512,"y":147,"width":450,"height":11}},{"id":"e585ec3e-73d9-4ea2-9164-40dd8708a5bb","block_type":"box","text":"Investment Manager decides which investments to buy or","page_number":219,"box":{"x":513,"y":161,"width":449,"height":11}},{"id":"80462033-6220-4f78-9761-f32effc432cc","block_type":"box","text":"sell and when, albeit some of these investments may be","page_number":219,"box":{"x":512,"y":175,"width":450,"height":12}},{"id":"e8b51ebf-42e6-4f0b-8e7b-9fbd82902b54","block_type":"box","text":"passively managed i.e. typically tracking an index.","page_number":219,"box":{"x":513,"y":190,"width":369,"height":11}},{"id":"beaa8b56-f1a9-4916-a877-be69ed18bcd3","block_type":"box","text":"Additional Techniques","page_number":219,"box":{"x":511,"y":215,"width":164,"height":11}},{"id":"0fe75d89-689b-4d65-be56-40cf002a88ed","block_type":"box","text":"We may only use derivatives (financial contracts whose","page_number":219,"box":{"x":512,"y":239,"width":450,"height":12}},{"id":"0ef2b519-74a2-412b-a6a9-5f30f6e88361","block_type":"box","text":"value is linked to the price of another asset e.g. indices,","page_number":219,"box":{"x":512,"y":254,"width":450,"height":11}},{"id":"67af5501-1593-44f2-818b-8e68e2bde92c","block_type":"box","text":"rates, share prices, currencies) to maintain the sub-fund’s","page_number":219,"box":{"x":513,"y":268,"width":449,"height":11}},{"id":"14aba50e-d66a-4765-9388-f6eabd491e8a","block_type":"box","text":"value, manage investment risk and to gain cost-effective","page_number":219,"box":{"x":512,"y":282,"width":450,"height":12}},{"id":"a2d81964-c18f-4d59-840f-c686f01f2197","block_type":"box","text":"access to investments. Funds purchased may also have the","page_number":219,"box":{"x":512,"y":297,"width":450,"height":11}},{"id":"f97379b7-d9ca-4a9c-b693-458c60f6002d","block_type":"box","text":"ability to use derivatives to varying degrees.","page_number":219,"box":{"x":512,"y":311,"width":324,"height":11}},{"id":"82196c57-c91d-4358-ac99-5810aaff0d8f","block_type":"box","text":"Benchmark Information","page_number":219,"box":{"x":513,"y":336,"width":186,"height":9}},{"id":"c084a314-468a-4953-9d1a-361ad5b3a204","block_type":"box","text":"The sub-fund’s performance can be assessed by reference","page_number":219,"box":{"x":512,"y":350,"width":450,"height":11}},{"id":"b46248fa-90f8-434f-899a-7ee42dc94828","block_type":"box","text":"to the Investment Association (IA) Flexible sector and","page_number":219,"box":{"x":512,"y":364,"width":450,"height":11}},{"id":"af28e5ee-e694-44bd-85ac-7291b314d562","block_type":"box","text":"Consumer Price Index (CPI) +4%, which is a measure of","page_number":219,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"5d30167d-b7c4-4a54-b03f-4ec4ae2f21fc","block_type":"box","text":"inflation as expressed in the Investment Objective. It is","page_number":219,"box":{"x":513,"y":393,"width":449,"height":11}},{"id":"e7c008d5-17f0-4fac-8bf1-203008663d73","block_type":"box","text":"widely used, independently calculated, readily available","page_number":219,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"fd787093-1c5b-463d-a91c-4db3b3f1ea71","block_type":"box","text":"and representative of the long-term return target based on","page_number":219,"box":{"x":512,"y":421,"width":450,"height":12}},{"id":"4e2304e3-5295-459f-a6af-43138cb50362","block_type":"box","text":"the sub-fund’s typical strategic weighting to different asset","page_number":219,"box":{"x":512,"y":436,"width":450,"height":11}},{"id":"3e2ff3f7-36f6-4f8a-b584-f2c362d083d2","block_type":"box","text":"classes described above.","page_number":219,"box":{"x":512,"y":450,"width":187,"height":9}},{"id":"62d6051d-eb0a-48af-86d5-1a73699dac4a","block_type":"box","text":"Investors may also compare the sub-fund’s performance to","page_number":219,"box":{"x":513,"y":475,"width":449,"height":11}},{"id":"184561b9-15f5-4b0e-9388-36d748ec62cd","block_type":"box","text":"the IA Global sector. Many funds sold in the UK are grouped","page_number":219,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"e52c2cfe-33bb-42d1-bac5-80a7b876ab96","block_type":"box","text":"into sectors by the IA (the trade body that represents UK","page_number":219,"box":{"x":513,"y":503,"width":449,"height":12}},{"id":"90029d65-9503-4e4b-abb2-cf3fceb873ae","block_type":"box","text":"investment managers), to help investors to compare","page_number":219,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"435b619f-3934-4cff-9ee9-8b1b78895757","block_type":"box","text":"funds with broadly similar characteristics. This sub-fund is","page_number":219,"box":{"x":512,"y":532,"width":450,"height":11}},{"id":"754780b2-7f24-4524-b8df-a9bdca46e5e6","block_type":"box","text":"classified in the IA Flexible sector and assessing the sub","page_number":219,"box":{"x":512,"y":546,"width":445,"height":11}},{"id":"92d38f00-211c-4503-89b5-e5070d20d722","block_type":"box","text":"fund’s performance against this sector will allow investors to","page_number":219,"box":{"x":512,"y":560,"width":450,"height":12}},{"id":"75ac6f83-6743-4cfe-9166-f33dff0522c4","block_type":"box","text":"compare how the sub-fund is performing relative to its peers.","page_number":219,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"a5d4cf2b-2bba-4740-952b-58a9e3cf4183","block_type":"box","text":"219","page_number":220,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"32550f3d-c351-4053-9a83-e9aa29e54734","block_type":"box","text":"SARASIN Growth Managed","page_number":220,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"486d9751-d563-475a-91ed-e37442a08f44","block_type":"box","text":"Sensitivity Analysis","page_number":220,"box":{"x":42,"y":79,"width":162,"height":11}},{"id":"0b736acc-2cf4-458f-ae84-45d9f9daf7c1","block_type":"box","text":"A minimum of 50% of the sub-fund will be invested in other","page_number":220,"box":{"x":42,"y":93,"width":450,"height":9}},{"id":"5cbd5654-4e11-40b5-a833-d6aff225d771","block_type":"box","text":"collective investment schemes. Up to a maximum of 50%","page_number":220,"box":{"x":42,"y":108,"width":450,"height":11}},{"id":"b65a1871-3062-426a-b981-3e22d73fcdf9","block_type":"box","text":"may be invested in funds managed or operated by Sarasin or","page_number":220,"box":{"x":43,"y":122,"width":449,"height":11}},{"id":"9334f21c-73e8-467f-8c83-3dfb54225eb6","block_type":"box","text":"its associates. Through these investments, the sub-fund will","page_number":220,"box":{"x":43,"y":136,"width":449,"height":11}},{"id":"c2a15d6f-81a1-4914-be97-22e24aa5a418","block_type":"box","text":"indirectly be exposed to a range of diversified asset classes","page_number":220,"box":{"x":43,"y":150,"width":449,"height":12}},{"id":"072b3126-d32a-4a23-89ae-68a3a0ed3b73","block_type":"box","text":"including equities, bonds, alternative investments and cash.","page_number":220,"box":{"x":43,"y":165,"width":449,"height":11}},{"id":"001da140-b29c-402e-9e5f-d90e15067026","block_type":"box","text":"The sub-fund may invest up to a maximum of 50% in these","page_number":220,"box":{"x":42,"y":179,"width":450,"height":11}},{"id":"04cf7de4-9e2d-4c47-9b7c-6b8eb9e1ab80","block_type":"box","text":"asset classes directly.","page_number":220,"box":{"x":42,"y":193,"width":160,"height":11}},{"id":"91314caf-d7cd-4c33-ae13-6ce234eb06bd","block_type":"box","text":"The sub-fund is part of the Sarasin Managed Fund range","page_number":220,"box":{"x":42,"y":218,"width":450,"height":11}},{"id":"7bf022b4-cbbb-4ea4-a67e-4325db5cd49e","block_type":"box","text":"which offers funds with different expected combinations of","page_number":220,"box":{"x":42,"y":232,"width":450,"height":11}},{"id":"66472b40-94c6-4798-a1e2-2b399c934398","block_type":"box","text":"investment risk and return. The sub-fund takes a strategic","page_number":220,"box":{"x":43,"y":247,"width":449,"height":11}},{"id":"698363de-5cac-485b-bd71-c1e68a828344","block_type":"box","text":"approach to asset allocation which means it sets long term","page_number":220,"box":{"x":42,"y":261,"width":450,"height":11}},{"id":"cea71697-1cf7-424b-abbf-d739af17ed0b","block_type":"box","text":"targets for how much to allocate to different asset classes.","page_number":220,"box":{"x":42,"y":275,"width":450,"height":11}},{"id":"d1aaad3b-e98e-4f6e-9233-650308e1fb91","block_type":"box","text":"The sub-fund aims to achieve a moderate to high level of","page_number":220,"box":{"x":42,"y":289,"width":450,"height":12}},{"id":"fd2e4733-7659-4c14-8850-338a831cf0d1","block_type":"box","text":"risk and return. Between 0-30%, but typically 10%, of the","page_number":220,"box":{"x":43,"y":304,"width":449,"height":11}},{"id":"779aac6b-ebbe-4f1a-93fa-245a7bee5356","block_type":"box","text":"sub-fund will be exposed to bonds. Between 60-100%, but","page_number":220,"box":{"x":42,"y":318,"width":450,"height":11}},{"id":"142250ad-aea0-4121-8882-7fcd7d2d2710","block_type":"box","text":"typically 80%, of the sub-fund will be exposed to equities.","page_number":220,"box":{"x":42,"y":332,"width":450,"height":11}},{"id":"6da06c36-9c97-405b-a536-53e62762a875","block_type":"box","text":"Between 0-45%, but typically 10%, of the sub-fund will be","page_number":220,"box":{"x":43,"y":346,"width":449,"height":12}},{"id":"d33a1a27-d91a-44a7-a611-1b15a42004d7","block_type":"box","text":"exposed to cash and alternative investments.","page_number":220,"box":{"x":42,"y":361,"width":334,"height":11}},{"id":"d0210609-cbfa-448a-87a9-02b78d52f2db","block_type":"box","text":"Sarasin uses FactSet to measure Fund risk. The FactSet","page_number":220,"box":{"x":43,"y":386,"width":449,"height":9}},{"id":"28f23023-3bd0-43ef-917a-c7fe7d4cc033","block_type":"box","text":"multi-asset class (MAC) risk framework is a set of tools","page_number":220,"box":{"x":43,"y":400,"width":449,"height":11}},{"id":"115add83-97be-4db4-bf9b-c062bbb2eccb","block_type":"box","text":"that investors can utilise to estimate, monitor, and control","page_number":220,"box":{"x":42,"y":414,"width":450,"height":11}},{"id":"d0f0a474-ea74-446b-b2ff-a99dedcaa28f","block_type":"box","text":"the exposure of their portfolios to market risk (either on an","page_number":220,"box":{"x":42,"y":428,"width":450,"height":12}},{"id":"a548a462-ca12-4a4f-b845-aabe83ff8fab","block_type":"box","text":"absolute basis or relative to a benchmark) using a Monte","page_number":220,"box":{"x":42,"y":443,"width":450,"height":11}},{"id":"647b6170-40de-48fd-a9ac-c044946647da","block_type":"box","text":"Carlo simulation methodology.","page_number":220,"box":{"x":43,"y":457,"width":222,"height":11}},{"id":"c9a5cfd6-a403-44c3-ab77-4714833c4874","block_type":"box","text":"The Value at Risk (VaR) is a statistical technique used to","page_number":220,"box":{"x":42,"y":482,"width":450,"height":11}},{"id":"7ba6534e-c9f7-472b-b51d-8bdccc75b04c","block_type":"box","text":"measure and quantify the level of risk within an investment","page_number":220,"box":{"x":43,"y":496,"width":449,"height":11}},{"id":"bc0f6dd6-a910-4a76-89cd-83a6b7b189f0","block_type":"box","text":"portfolio over a specific timeframe.","page_number":220,"box":{"x":43,"y":510,"width":253,"height":12}},{"id":"05f997d9-3bd6-4759-b7e1-937e2f39344f","block_type":"box","text":"The VaR statistic adopted for Sarasin funds is the","page_number":220,"box":{"x":42,"y":535,"width":445,"height":11}},{"id":"1fd3673b-1726-429d-811d-db3ecf9284fd","block_type":"box","text":"“99% / 20-day VaR” model. To calculate this figure, FactSet","page_number":220,"box":{"x":43,"y":550,"width":449,"height":11}},{"id":"60091b6b-9bcc-484f-b498-2ade3192413d","block_type":"box","text":"ranks the distribution and then calculates the VaR figure","page_number":220,"box":{"x":43,"y":564,"width":449,"height":11}},{"id":"5c40ece8-2541-4601-a074-d06f8b731d71","block_type":"box","text":"based on the 99th percentile. This is intended to show, with a","page_number":220,"box":{"x":43,"y":578,"width":449,"height":11}},{"id":"ebc01d8e-cfea-48d6-b43a-7a2f0fd875e6","block_type":"box","text":"99% degree of confidence, the maximum amount that might","page_number":220,"box":{"x":43,"y":592,"width":449,"height":12}},{"id":"88f10271-a61f-422f-9dde-317a188b8267","block_type":"box","text":"be lost over a 20-day period.","page_number":220,"box":{"x":43,"y":607,"width":210,"height":11}},{"id":"37ed0f0f-23b5-4da2-8f05-3994a18d419e","block_type":"box","text":"The “99% / 20-day VaR” for Sarasin Growth Managed, as at","page_number":220,"box":{"x":42,"y":632,"width":450,"height":11}},{"id":"2dedb5f4-471c-4974-acc3-a359132ae596","block_type":"box","text":"3 July 2026, was 6.59% (31 December 2025: 6.33%). The","page_number":220,"box":{"x":43,"y":646,"width":449,"height":11}},{"id":"8ed1af52-8e49-4cbb-bdd3-cef8131a2f9a","block_type":"box","text":"lowest, highest and average utilisation in the period was","page_number":220,"box":{"x":43,"y":660,"width":449,"height":11}},{"id":"b75bbdaf-9dba-49e7-9e42-fecefda38a00","block_type":"box","text":"6.05%, 6.87% and 6.47%, respectively (31 December 2025:","page_number":220,"box":{"x":42,"y":674,"width":450,"height":12}},{"id":"2ae9024e-a077-4f34-9556-c48a87fccab4","block_type":"box","text":"6.33%, 7.49% and 6.85%, respectively).","page_number":220,"box":{"x":42,"y":689,"width":296,"height":11}},{"id":"bb7dcec0-de19-4d5e-864a-bb482bc64243","block_type":"box","text":"220","page_number":221,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"cf5a381b-91c8-4dfe-9dc0-058f2cb8968f","block_type":"box","text":"221","page_number":221,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"dd6d925d-f918-4599-a79c-001e3d746def","block_type":"box","text":"SARASIN Growth Managed","page_number":221,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"c2b225d6-8fdb-4bda-bc0d-a568c3018211","block_type":"box","text":"Investment Review \r\new","page_number":221,"box":{"x":43,"y":79,"width":186,"height":11}},{"id":"b4590b49-b5c3-4ee1-a63c-35d4dd014233","block_type":"box","text":"Investment Review","page_number":221,"box":{"x":42,"y":90,"width":1,"height":0}},{"id":"c38d74e3-d610-459e-bc4e-4da48096d66c","block_type":"box","text":"Sub-fund Performance","page_number":221,"box":{"x":42,"y":95,"width":186,"height":9}},{"id":"8bfac2f8-d1f4-4ec2-a371-d9162b9d52d6","block_type":"box","text":"Cumulative performance","page_number":221,"box":{"x":52,"y":114,"width":195,"height":11}},{"id":"e923b97d-8b52-4f5a-811d-c5c47518cdf3","block_type":"box","text":"6 mos","page_number":221,"box":{"x":452,"y":121,"width":45,"height":9}},{"id":"e3e9135f-a629-45b0-9006-d1ee386f13d9","block_type":"box","text":"1 yr","page_number":221,"box":{"x":569,"y":121,"width":26,"height":11}},{"id":"a4a26267-0f1f-4182-ac5a-28da8b0cb917","block_type":"box","text":"3 yrs","page_number":221,"box":{"x":670,"y":121,"width":35,"height":11}},{"id":"d70c8964-280a-40b2-9de6-54b646243a72","block_type":"box","text":"5 yrs","page_number":221,"box":{"x":777,"y":121,"width":35,"height":11}},{"id":"410e6a0c-6bab-4142-a110-6c7e29b58105","block_type":"box","text":"Since","page_number":221,"box":{"x":881,"y":114,"width":46,"height":9}},{"id":"9c01b187-5efd-4bf0-be68-e07f2042aca5","block_type":"box","text":"Inception","page_number":221,"box":{"x":869,"y":128,"width":66,"height":11}},{"id":"6e711b8c-4a0a-49d0-93e7-f6affece9b8d","block_type":"box","text":"01 Jan 26 –","page_number":221,"box":{"x":431,"y":146,"width":92,"height":9}},{"id":"c0ccad8b-8c90-4d00-a540-770741171825","block_type":"box","text":"03 Jul 26","page_number":221,"box":{"x":441,"y":160,"width":67,"height":9}},{"id":"90f672e9-2483-4ecb-aecd-725f00244a0c","block_type":"box","text":"01 Jul 25 –","page_number":221,"box":{"x":541,"y":146,"width":86,"height":9}},{"id":"efd5d22f-acdf-4c84-ba8e-3373b7852c84","block_type":"box","text":"03 Jul 26","page_number":221,"box":{"x":548,"y":160,"width":66,"height":9}},{"id":"2bd84241-3b12-4695-b485-b2c4dc8a5e36","block_type":"box","text":"01 Jul 23 –","page_number":221,"box":{"x":647,"y":146,"width":86,"height":9}},{"id":"58e0c1bd-4432-4128-9eef-bf67c9b86120","block_type":"box","text":"03 Jul 26","page_number":221,"box":{"x":654,"y":160,"width":67,"height":9}},{"id":"33c5c893-395f-4109-920d-4473e2373bfd","block_type":"box","text":"01 Jul 21 –","page_number":221,"box":{"x":754,"y":146,"width":86,"height":9}},{"id":"527a21e0-f52f-453a-ada8-588adb7171c0","block_type":"box","text":"03 Jul 26","page_number":221,"box":{"x":761,"y":160,"width":67,"height":9}},{"id":"1acf2fd8-c982-46de-92fd-3c14c5605526","block_type":"box","text":"29 Apr 25 –","page_number":221,"box":{"x":859,"y":146,"width":90,"height":11}},{"id":"bd51cdfc-0026-4171-b561-b49119c81821","block_type":"box","text":"03 Jul 26","page_number":221,"box":{"x":868,"y":160,"width":67,"height":9}},{"id":"520d2162-1e2c-4790-9e44-88e99e817093","block_type":"box","text":"%","page_number":221,"box":{"x":468,"y":182,"width":13,"height":9}},{"id":"1c6d3723-8484-42bb-95b3-60334a0f530e","block_type":"box","text":"%","page_number":221,"box":{"x":575,"y":182,"width":13,"height":9}},{"id":"a883d87b-8b80-414e-8419-6746f861f23c","block_type":"box","text":"%","page_number":221,"box":{"x":681,"y":182,"width":13,"height":9}},{"id":"ec86f4e8-c553-4179-bae8-0b61cf63e2f7","block_type":"box","text":"%","page_number":221,"box":{"x":788,"y":182,"width":13,"height":9}},{"id":"6bb57f85-2ac3-4ac5-a1c6-2f85314a5767","block_type":"box","text":"%","page_number":221,"box":{"x":895,"y":182,"width":13,"height":9}},{"id":"25f00794-906e-4b18-aa54-ed037387a6d7","block_type":"box","text":"Fund","page_number":221,"box":{"x":50,"y":196,"width":36,"height":9}},{"id":"ee4b3149-4851-4509-b4fa-3f248215035d","block_type":"box","text":"M Acc (Net)","page_number":221,"box":{"x":308,"y":196,"width":86,"height":11}},{"id":"f77c1861-7a6f-4672-a05b-a83b4b3fbecb","block_type":"box","text":"9.80","page_number":221,"box":{"x":459,"y":196,"width":31,"height":9}},{"id":"c140dc85-d540-4d3f-bed7-7e5d19255e28","block_type":"box","text":"21.90","page_number":221,"box":{"x":561,"y":196,"width":40,"height":9}},{"id":"4af53eb3-7740-4641-a66b-0f5545729893","block_type":"box","text":"–","page_number":221,"box":{"x":683,"y":201,"width":9,"height":1}},{"id":"4daaefb0-7212-4d4a-a729-6465998b2bef","block_type":"box","text":"–","page_number":221,"box":{"x":790,"y":201,"width":9,"height":1}},{"id":"2030b16b-54c2-4948-a9b2-4a6f96872b14","block_type":"box","text":"30.30","page_number":221,"box":{"x":881,"y":196,"width":41,"height":9}},{"id":"ef989f25-7df1-40e3-b581-9c9a50a9eab7","block_type":"box","text":"Comparator","page_number":221,"box":{"x":49,"y":209,"width":88,"height":11}},{"id":"78f46de5-2e6e-4299-a432-949d27518124","block_type":"box","text":"Index","page_number":221,"box":{"x":308,"y":209,"width":40,"height":9}},{"id":"cf1682a0-68c9-4eb1-98bb-f5f335381161","block_type":"box","text":"10.10","page_number":221,"box":{"x":455,"y":209,"width":40,"height":9}},{"id":"08ca8bcd-ebea-4fc3-ac1e-49d67e3eaccf","block_type":"box","text":"22.30","page_number":221,"box":{"x":561,"y":209,"width":40,"height":9}},{"id":"0deafb6f-8d0f-43d3-80c1-35241d13f902","block_type":"box","text":"–","page_number":221,"box":{"x":683,"y":214,"width":9,"height":1}},{"id":"76e3ea98-148e-4f6c-8eb0-398621ce19a9","block_type":"box","text":"–","page_number":221,"box":{"x":790,"y":214,"width":9,"height":1}},{"id":"c68c2c5a-1ce7-4f76-aaf9-d2aacd012ef2","block_type":"box","text":"30.40","page_number":221,"box":{"x":881,"y":209,"width":41,"height":9}},{"id":"d77315f2-6c39-440d-bf50-70d8c02e14d6","block_type":"box","text":"Discrete performance","page_number":221,"box":{"x":52,"y":253,"width":171,"height":11}},{"id":"3c403929-502e-4ea8-a738-e6bf4fa48322","block_type":"box","text":"01 Jul 25 –","page_number":221,"box":{"x":434,"y":253,"width":86,"height":9}},{"id":"6a5ebf35-983d-4ec9-9c81-a3a13baf2cfb","block_type":"box","text":"03 Jul 26","page_number":221,"box":{"x":441,"y":268,"width":67,"height":8}},{"id":"88a67007-0d5b-42f1-9200-a97219a2472e","block_type":"box","text":"01 Jul 24 –","page_number":221,"box":{"x":541,"y":253,"width":86,"height":9}},{"id":"48fa5d65-8d6a-4a42-bb27-5dbcb02433ae","block_type":"box","text":"30 Jun 25","page_number":221,"box":{"x":545,"y":268,"width":72,"height":8}},{"id":"370e14d3-dab5-4f59-9205-3e3d7fe1aeba","block_type":"box","text":"01 Jul 23 –","page_number":221,"box":{"x":647,"y":253,"width":86,"height":9}},{"id":"c328f0af-90c9-47cf-a25b-d7987d2286e4","block_type":"box","text":"30 Jun 24","page_number":221,"box":{"x":652,"y":268,"width":72,"height":8}},{"id":"5d6579e5-487a-4b19-941b-548e0c4309ce","block_type":"box","text":"01 Jul 22 –","page_number":221,"box":{"x":754,"y":253,"width":86,"height":9}},{"id":"76499cbf-af4f-4b8e-8a73-ba5c9c5b6c1e","block_type":"box","text":"30 Jun 23","page_number":221,"box":{"x":758,"y":268,"width":72,"height":8}},{"id":"bcb00875-a719-4e73-ad82-c58ef7c22b4f","block_type":"box","text":"01 Jul 21 –","page_number":221,"box":{"x":861,"y":253,"width":86,"height":9}},{"id":"2cb57c70-c789-4d28-a256-21f522e5f43f","block_type":"box","text":"30 Jun 22","page_number":221,"box":{"x":866,"y":268,"width":72,"height":8}},{"id":"e3b8d408-5980-49c0-9f12-aed62b070599","block_type":"box","text":"%","page_number":221,"box":{"x":468,"y":290,"width":13,"height":9}},{"id":"c448a32b-19aa-47ca-b5d8-7f9638e3f31e","block_type":"box","text":"%","page_number":221,"box":{"x":575,"y":290,"width":13,"height":9}},{"id":"dd212674-7583-48f6-b86e-c724bfb390be","block_type":"box","text":"%","page_number":221,"box":{"x":681,"y":290,"width":13,"height":9}},{"id":"0f6a0bdf-699e-46b2-b7cb-3c51d3e692d2","block_type":"box","text":"%","page_number":221,"box":{"x":788,"y":290,"width":13,"height":9}},{"id":"4ad9c0b6-46ed-4816-88a0-613e85ced7da","block_type":"box","text":"%","page_number":221,"box":{"x":895,"y":290,"width":13,"height":9}},{"id":"28030ebf-cd57-4f36-8b36-ff4465b60239","block_type":"box","text":"Fund","page_number":221,"box":{"x":50,"y":303,"width":36,"height":9}},{"id":"107d9149-d65b-488a-aae5-b531e18bade9","block_type":"box","text":"M Acc (Net)","page_number":221,"box":{"x":308,"y":303,"width":86,"height":11}},{"id":"08355398-0a47-4ef2-bff7-5deec73eda69","block_type":"box","text":"21.90","page_number":221,"box":{"x":454,"y":303,"width":41,"height":9}},{"id":"8235dcfe-9145-44d6-b5b9-94530b02f667","block_type":"box","text":"–","page_number":221,"box":{"x":576,"y":308,"width":10,"height":1}},{"id":"6b8be1ab-0df6-499f-ae28-ef89a538cdb1","block_type":"box","text":"–","page_number":221,"box":{"x":683,"y":308,"width":9,"height":1}},{"id":"285c3702-c3fa-48ec-aef0-7514880dbd7c","block_type":"box","text":"–","page_number":221,"box":{"x":790,"y":308,"width":9,"height":1}},{"id":"2183f1f3-e657-4fc1-8121-c704794a7612","block_type":"box","text":"–","page_number":221,"box":{"x":897,"y":308,"width":9,"height":1}},{"id":"681de498-9390-4404-9a39-2026307e192d","block_type":"box","text":"Comparator","page_number":221,"box":{"x":49,"y":316,"width":88,"height":12}},{"id":"f663f1cc-4265-4f13-8808-7d657b3c672c","block_type":"box","text":"Index","page_number":221,"box":{"x":308,"y":317,"width":40,"height":8}},{"id":"17430807-e07a-4dd8-8290-b1f6206dccb9","block_type":"box","text":"22.30","page_number":221,"box":{"x":454,"y":316,"width":41,"height":9}},{"id":"6ea465a9-d8f3-4a0f-83d9-261d2263d8f3","block_type":"box","text":"–","page_number":221,"box":{"x":576,"y":322,"width":10,"height":0}},{"id":"74393a4b-dd63-4869-bb9d-ba4ba67279c5","block_type":"box","text":"–","page_number":221,"box":{"x":683,"y":322,"width":9,"height":0}},{"id":"cb886dec-4266-4a16-8cc8-1983f51f2d68","block_type":"box","text":"–","page_number":221,"box":{"x":790,"y":322,"width":9,"height":0}},{"id":"ae06fbd2-e7d7-4f6d-a4de-d8947954dd21","block_type":"box","text":"–","page_number":221,"box":{"x":897,"y":322,"width":9,"height":0}},{"id":"a5255157-ef89-472a-b360-7869ebd47ef7","block_type":"box","text":"Source: Sarasin & Partners LLP and FE Fundinfo.","page_number":221,"box":{"x":43,"y":376,"width":220,"height":6}},{"id":"0fe81eaa-28ea-417d-b53c-0387fd46591f","block_type":"box","text":"Performance is provided net of fees. Past performance is not a guide to future returns and may not","page_number":221,"box":{"x":43,"y":395,"width":444,"height":7}},{"id":"97b2ca16-65f3-4543-aae5-2625c3c4d3e1","block_type":"box","text":"be repeated. Performance is calculated in GBP on the basis of net asset values (NAV) and dividends","page_number":221,"box":{"x":42,"y":404,"width":445,"height":7}},{"id":"8852c659-e24e-49a6-a26f-f6c83b998641","block_type":"box","text":"reinvested.","page_number":221,"box":{"x":42,"y":413,"width":48,"height":5}},{"id":"7b1cc963-1f6f-493e-a9e4-1243a3bad274","block_type":"box","text":"Class M (Acc) has been used as the representative share class in the table above, which launched","page_number":221,"box":{"x":42,"y":432,"width":445,"height":6}},{"id":"53f83ddf-0126-4b00-a1a2-67acfe75c8d4","block_type":"box","text":"on 29 April 2025.","page_number":221,"box":{"x":42,"y":440,"width":75,"height":7}},{"id":"c4052119-8a03-47ae-aefd-fcff90e7ce23","block_type":"box","text":"Please note that the performance target is to be achieved over a specific annualised time period -","page_number":221,"box":{"x":43,"y":460,"width":444,"height":6}},{"id":"78691a20-ffa1-48d3-a9d3-b89e19c94842","block_type":"box","text":"refer to the investment objective above.","page_number":221,"box":{"x":42,"y":468,"width":175,"height":7}},{"id":"34e20949-e2b8-4099-b2e4-4e0616bdf267","block_type":"box","text":"Performance figures for other share classes in issue can be obtained by contacting","page_number":221,"box":{"x":43,"y":487,"width":444,"height":7}},{"id":"f8abb3e8-338a-47f8-bb94-f1d3c27e1d60","block_type":"box","text":"marketing@sarasin.co.uk.","page_number":221,"box":{"x":42,"y":496,"width":116,"height":7}},{"id":"8ed1ca8e-2104-4d26-935d-5545a11c25ce","block_type":"box","text":"Performance","page_number":221,"box":{"x":43,"y":517,"width":101,"height":9}},{"id":"77872775-2f7e-4232-9cf4-ae5329e11d70","block_type":"box","text":"The sub-fund returned 9.80% (net of charges) over the period","page_number":221,"box":{"x":42,"y":532,"width":450,"height":11}},{"id":"d5ff89dd-f8f4-49ab-8e35-8c2214b7d617","block_type":"box","text":"from 1 January 2026 to 3 July 2026, versus the comparator","page_number":221,"box":{"x":42,"y":546,"width":450,"height":11}},{"id":"208b3343-57c8-4e97-882f-ee1b686ce17a","block_type":"box","text":"benchmark’s return of 10.10%.","page_number":221,"box":{"x":43,"y":560,"width":226,"height":9}},{"id":"d904c75f-5131-4451-b354-c7e27cf9e0c2","block_type":"box","text":"Review","page_number":221,"box":{"x":43,"y":585,"width":57,"height":9}},{"id":"fcc3c7fd-1e86-429e-bcba-28bc0e92ef95","block_type":"box","text":"Investor sentiment over the first half of 2026 was shaped","page_number":221,"box":{"x":43,"y":599,"width":449,"height":11}},{"id":"23b52176-c2b9-4c3e-a322-85bba32afa58","block_type":"box","text":"by several factors, most notably developments in the","page_number":221,"box":{"x":43,"y":614,"width":449,"height":11}},{"id":"15371290-12a7-4124-b987-f9645ebec28c","block_type":"box","text":"US-Iran conflict. The outbreak of hostilities initially increased","page_number":221,"box":{"x":43,"y":628,"width":449,"height":11}},{"id":"09b48965-879e-496d-a6bd-df1cf234f769","block_type":"box","text":"uncertainty and resulted in the temporary closure of the Strait","page_number":221,"box":{"x":43,"y":642,"width":449,"height":11}},{"id":"9c34ae22-446b-46e0-bc2b-ed524181e639","block_type":"box","text":"of Hormuz. As the conflict showed signs of de-escalation","page_number":221,"box":{"x":42,"y":656,"width":450,"height":12}},{"id":"a81f7b26-fbcd-4cb4-bc82-19230e7942ad","block_type":"box","text":"later in the period, investor confidence improved, supporting","page_number":221,"box":{"x":43,"y":671,"width":449,"height":11}},{"id":"040933ea-1e42-4514-8568-08aa32dff803","block_type":"box","text":"a broad recovery in risk assets.","page_number":221,"box":{"x":42,"y":685,"width":231,"height":11}},{"id":"bc1970bf-704f-4ce1-88e5-0715c693fdfa","block_type":"box","text":"Oil prices fell sharply as expectations of a resolution","page_number":221,"box":{"x":43,"y":710,"width":443,"height":11}},{"id":"89541a3f-7248-47c5-abf3-9fcfc357ea95","block_type":"box","text":"strengthened. With concerns over energy supply receding,","page_number":221,"box":{"x":42,"y":724,"width":444,"height":11}},{"id":"27f460da-ef00-4fca-bbe9-4853149b1867","block_type":"box","text":"market attention returned to the structural investment","page_number":221,"box":{"x":43,"y":739,"width":444,"height":8}},{"id":"464750b6-8377-41ba-a1d8-bde172a04db3","block_type":"box","text":"opportunity presented by Artificial Intelligence (AI). Continued","page_number":221,"box":{"x":42,"y":753,"width":444,"height":11}},{"id":"8c93a304-1d6b-4884-8b1e-e0fa62b461c6","block_type":"box","text":"investment in AI infrastructure, together with upward revisions","page_number":221,"box":{"x":43,"y":767,"width":444,"height":11}},{"id":"390fef9d-0d4d-4ab4-ae4b-bde34643e476","block_type":"box","text":"to corporate capital expenditure plans and global earnings","page_number":221,"box":{"x":42,"y":781,"width":445,"height":11}},{"id":"06c066f7-896b-4800-bbde-6176934f599e","block_type":"box","text":"expectations, supported technology shares.","page_number":221,"box":{"x":42,"y":795,"width":322,"height":12}},{"id":"359f544a-4770-4e25-a609-38cc07b9eaf8","block_type":"box","text":"Emerging markets were among the strongest-performing","page_number":221,"box":{"x":43,"y":820,"width":443,"height":12}},{"id":"ea5c458f-ffcb-4cd6-b77d-0721e5d5e6fe","block_type":"box","text":"regions, driven largely by their significant exposure to","page_number":221,"box":{"x":43,"y":835,"width":444,"height":11}},{"id":"3e4a1db9-f42b-4f91-9022-8d1f432b218f","block_type":"box","text":"semiconductor and information technology hardware","page_number":221,"box":{"x":42,"y":849,"width":450,"height":11}},{"id":"e62cf1ba-52c2-4292-a48a-7f266146d7d9","block_type":"box","text":"companies.","page_number":221,"box":{"x":42,"y":863,"width":84,"height":11}},{"id":"970416db-39f4-413b-abf7-9c2b5a4b8f3b","block_type":"box","text":"Government bond markets weakened during the early part","page_number":221,"box":{"x":512,"y":378,"width":450,"height":12}},{"id":"3c6d0bb5-c91e-4509-a666-acbf6f261eb1","block_type":"box","text":"of the period as higher energy prices renewed inflation","page_number":221,"box":{"x":512,"y":393,"width":450,"height":11}},{"id":"9408996e-ae01-463f-8e32-8a130d08a8bd","block_type":"box","text":"concerns, particularly in the UK, where the economy was","page_number":221,"box":{"x":512,"y":407,"width":450,"height":11}},{"id":"a39b4080-d635-41bb-a643-f80f8d73d1a7","block_type":"box","text":"viewed as relatively exposed to rising fuel costs. UK Gilts","page_number":221,"box":{"x":512,"y":421,"width":450,"height":11}},{"id":"24a22826-2efa-44d4-9b58-d751524ad17b","block_type":"box","text":"subsequently recovered as inflation data came in below","page_number":221,"box":{"x":512,"y":435,"width":450,"height":12}},{"id":"5867e742-c467-415c-b479-01422831c4e4","block_type":"box","text":"expectations, reducing the perceived likelihood of further","page_number":221,"box":{"x":512,"y":450,"width":450,"height":11}},{"id":"c636a602-6f9e-46d1-8fe0-ce2b46b22cd9","block_type":"box","text":"interest rate increases.","page_number":221,"box":{"x":513,"y":464,"width":167,"height":9}},{"id":"201ea8d9-36b1-42c4-93b1-cbadd808f2d8","block_type":"box","text":"Commodity markets also reflected the changing geopolitical","page_number":221,"box":{"x":512,"y":489,"width":450,"height":11}},{"id":"f991844c-fb7f-4937-af01-0dbf1d9c49ca","block_type":"box","text":"backdrop. Following an initial surge in oil and gas prices,","page_number":221,"box":{"x":513,"y":503,"width":449,"height":11}},{"id":"84192d06-a64f-42d3-ac74-fe16b3a07c1e","block_type":"box","text":"broad commodity prices declined as tensions eased. Gold","page_number":221,"box":{"x":513,"y":517,"width":449,"height":12}},{"id":"6f0f82c1-c4c8-4674-9520-98e6839abb64","block_type":"box","text":"and other precious metals weakened as the US dollar","page_number":221,"box":{"x":512,"y":532,"width":450,"height":11}},{"id":"b2356958-13f1-435b-a13c-0493f5d0443b","block_type":"box","text":"strengthened and expectations for higher US interest","page_number":221,"box":{"x":512,"y":546,"width":450,"height":11}},{"id":"231f2c91-7840-48b2-96d3-818330bd5c2e","block_type":"box","text":"rates increased. In contrast, industrial metals advanced","page_number":221,"box":{"x":513,"y":560,"width":449,"height":11}},{"id":"c2277c28-77e2-4baa-bd61-b9d32b8ff440","block_type":"box","text":"on continued demand linked to technology investment and","page_number":221,"box":{"x":512,"y":575,"width":450,"height":11}},{"id":"d2f12c64-936a-49fe-99ce-9a51dbc9dcc3","block_type":"box","text":"infrastructure spending.","page_number":221,"box":{"x":513,"y":589,"width":173,"height":11}},{"id":"5e31e851-cc45-4805-b3ce-a07534fe01f0","block_type":"box","text":"Positives","page_number":221,"box":{"x":513,"y":614,"width":72,"height":8}},{"id":"11d66432-10bc-4fa9-bb3e-7826b4c0ea61","block_type":"box","text":"Returns benefitted from our holding in Xtrackers MSCI","page_number":221,"box":{"x":513,"y":628,"width":449,"height":11}},{"id":"8229cb2b-2c71-4baf-9e49-78b81ed4c4a6","block_type":"box","text":"Emerging Markets UCITS ETF. The region performed","page_number":221,"box":{"x":513,"y":642,"width":449,"height":11}},{"id":"1ad42c16-b9df-489a-931a-530cea58eb4c","block_type":"box","text":"particularly well over the period, boosted by the presence in","page_number":221,"box":{"x":513,"y":656,"width":449,"height":12}},{"id":"c842d8dc-13b6-42ab-88aa-c49439eeb56e","block_type":"box","text":"the index of semiconductor companies.","page_number":221,"box":{"x":512,"y":671,"width":295,"height":11}},{"id":"c01433c0-5a2f-457e-a67b-b3405c512ede","block_type":"box","text":"Another positive contributor was the Vanguard FTSE","page_number":221,"box":{"x":512,"y":696,"width":444,"height":11}},{"id":"2791d371-4380-46b7-a7c2-23e26525cbdd","block_type":"box","text":"Developed Europe ex UK UCITS ETF.","page_number":221,"box":{"x":513,"y":710,"width":281,"height":11}},{"id":"4d86c2ff-5ebe-45be-96f4-92f2287f5ae5","block_type":"box","text":"Japanese equities also performed well during the period, and","page_number":221,"box":{"x":512,"y":735,"width":444,"height":11}},{"id":"1b646a02-f3f7-454d-8b82-662f78429e93","block_type":"box","text":"our allocation to the iShares Core MSCI Japan IMI UCITS","page_number":221,"box":{"x":512,"y":749,"width":444,"height":11}},{"id":"7d947c6c-7b56-48c3-a3e3-88cf44410ad2","block_type":"box","text":"ETF USD Accumulation contributed positively to overall","page_number":221,"box":{"x":513,"y":763,"width":443,"height":12}},{"id":"e32451d1-a2ad-498d-a985-55e9770fec60","block_type":"box","text":"sub-fund performance.","page_number":221,"box":{"x":512,"y":778,"width":167,"height":11}},{"id":"52010d8c-c209-4e35-9b31-713036d8e719","block_type":"box","text":"221","page_number":222,"box":{"x":486,"y":972,"width":24,"height":8}},{"id":"b318d8d7-a9df-4487-9aa1-54d9f90f5872","block_type":"box","text":"SARASIN Growth Managed","page_number":222,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"1e4ad682-1625-4631-a8f4-b1d79befaa1f","block_type":"box","text":"Negatives","page_number":222,"box":{"x":43,"y":95,"width":77,"height":11}},{"id":"ccf22372-ed98-47e7-a224-eb7c7d4e8fe9","block_type":"box","text":"Most of the significant detractors over the period were","page_number":222,"box":{"x":43,"y":109,"width":449,"height":12}},{"id":"85566317-b7e6-4d39-af1a-05e2a99f7a05","block_type":"box","text":"individual stocks.","page_number":222,"box":{"x":43,"y":124,"width":124,"height":9}},{"id":"7851b101-f237-4c7b-909e-d3ba3fdf6574","block_type":"box","text":"Among the holdings that detracted from performance were","page_number":222,"box":{"x":42,"y":149,"width":450,"height":11}},{"id":"92c02214-abdc-469b-b850-6dd3c27a91d4","block_type":"box","text":"EssilorLuxottica and Tencent. EssilorLuxottica came under","page_number":222,"box":{"x":43,"y":163,"width":449,"height":9}},{"id":"2fed335d-a57b-418a-8e2b-e06ac2211253","block_type":"box","text":"pressure as investors reassessed the economics of its rapidly","page_number":222,"box":{"x":43,"y":177,"width":449,"height":11}},{"id":"e04f99dc-1ed9-46da-a1dd-2304df0118ac","block_type":"box","text":"expanding smart-eyewear franchise. While adoption of","page_number":222,"box":{"x":42,"y":191,"width":446,"height":12}},{"id":"01972bc4-78d8-4019-bf25-f743525bb1c9","block_type":"box","text":"Ray-Ban Meta remained strong, the near-term margin dilution","page_number":222,"box":{"x":43,"y":206,"width":449,"height":11}},{"id":"6b84918a-affc-41c2-921a-895d39e86ff7","block_type":"box","text":"associated with smart glasses, and uncertainty over the","page_number":222,"box":{"x":42,"y":220,"width":450,"height":11}},{"id":"47dfdeae-b270-4ba4-8adb-f2a8fff5ee28","block_type":"box","text":"longer-term division of the profits between EssilorLuxottica","page_number":222,"box":{"x":43,"y":234,"width":449,"height":11}},{"id":"22625ba2-7c7b-4a13-9277-f04d252de3b8","block_type":"box","text":"and its technology partners, weighed on sentiment. Tencent","page_number":222,"box":{"x":42,"y":248,"width":450,"height":12}},{"id":"ea37073b-2bc7-42f0-9485-8793e0721d68","block_type":"box","text":"also detracted despite resilient underlying earnings, as","page_number":222,"box":{"x":42,"y":263,"width":450,"height":11}},{"id":"36a79ff6-5704-4202-bcd1-0a763536ed06","block_type":"box","text":"investors balanced the company’s increasing investment in","page_number":222,"box":{"x":43,"y":277,"width":449,"height":11}},{"id":"b0872ac0-7a4b-4d74-b6c3-bd0e73bd1fa8","block_type":"box","text":"AI infrastructure and capabilities against the still-developing","page_number":222,"box":{"x":42,"y":291,"width":450,"height":11}},{"id":"a7200bb2-5555-4aca-bdec-edf2806a0e12","block_type":"box","text":"evidence of incremental monetisation and returns from this","page_number":222,"box":{"x":42,"y":306,"width":450,"height":8}},{"id":"52bb6a9f-9370-44c2-a615-de77e41fe573","block_type":"box","text":"expenditure.","page_number":222,"box":{"x":42,"y":320,"width":91,"height":11}},{"id":"d688e58c-d057-4fc3-a449-9252dad02076","block_type":"box","text":"This was also the case with Taiwan Semiconductor","page_number":222,"box":{"x":42,"y":345,"width":450,"height":8}},{"id":"c12bbed9-f93a-488b-a409-1a6922124f1c","block_type":"box","text":"Manufacturing Company ADR, which fell back after a period","page_number":222,"box":{"x":43,"y":359,"width":449,"height":11}},{"id":"bfeb1949-e467-4122-8be8-6a4ddba7da2f","block_type":"box","text":"of strong performance.","page_number":222,"box":{"x":42,"y":373,"width":167,"height":11}},{"id":"4aa59903-99e7-4f24-982f-13bc2c5fb380","block_type":"box","text":"Transactions","page_number":222,"box":{"x":42,"y":398,"width":103,"height":9}},{"id":"169ee48e-50ec-4351-ad2b-c87ff879feef","block_type":"box","text":"Among the purchases was a new position in the iShares Core","page_number":222,"box":{"x":42,"y":412,"width":450,"height":12}},{"id":"7a3e5e0d-2aac-488e-8386-25b095807e23","block_type":"box","text":"MSCI Japan IMI UCITS ETF USD Accumulation. This offers","page_number":222,"box":{"x":43,"y":427,"width":449,"height":11}},{"id":"4a1c771b-495d-4b48-a0fc-a5e4f8192e1c","block_type":"box","text":"exposure to Japanese equities, a market has performed well","page_number":222,"box":{"x":42,"y":441,"width":450,"height":11}},{"id":"2517266e-670e-4497-8034-b857a5d07a25","block_type":"box","text":"so far this year and should continue to offer attractive returns.","page_number":222,"box":{"x":42,"y":455,"width":450,"height":11}},{"id":"520c6f97-cf06-4ff5-8005-d100a0e06158","block_type":"box","text":"We increased exposure to UK government bonds with","page_number":222,"box":{"x":42,"y":480,"width":450,"height":11}},{"id":"a5b6701d-9852-45b8-bb88-5e57e10969c7","block_type":"box","text":"maturity dates ranging from 2028 to 2040 following the rise in","page_number":222,"box":{"x":43,"y":494,"width":449,"height":12}},{"id":"ea895a9f-5fed-4b71-b673-03c081ccec94","block_type":"box","text":"yields, which created a more attractive valuation opportunity.","page_number":222,"box":{"x":42,"y":509,"width":444,"height":11}},{"id":"3ae95c6e-8038-47d1-b0cb-717ea2fc849a","block_type":"box","text":"Among individual stocks, we took a holding in BHP Group.","page_number":222,"box":{"x":42,"y":533,"width":450,"height":12}},{"id":"661a1cd5-ce66-478c-8754-a1c67a90acce","block_type":"box","text":"The company offers high-quality exposure to copper,","page_number":222,"box":{"x":42,"y":548,"width":450,"height":11}},{"id":"a36c80f7-247c-4ce8-8a99-382222fe0f85","block_type":"box","text":"which we view as benefiting from demand arising from","page_number":222,"box":{"x":42,"y":562,"width":450,"height":11}},{"id":"b4e5c282-a543-4f47-b749-8b4c2e09ab22","block_type":"box","text":"electrification, as well as tightening global supply.","page_number":222,"box":{"x":42,"y":576,"width":363,"height":12}},{"id":"754c2ac6-4da0-439b-b771-91b8779f4ede","block_type":"box","text":"We reduced our allocation to gold after its strong performance","page_number":222,"box":{"x":42,"y":601,"width":450,"height":11}},{"id":"2a39dea4-5b18-454d-9008-2a5d5fd02b66","block_type":"box","text":"during the period of heightened geopolitical uncertainty, as","page_number":222,"box":{"x":42,"y":615,"width":450,"height":12}},{"id":"8b54e917-565a-4a78-8ab9-4893c7a0a719","block_type":"box","text":"improving prospects for a resolution to the US-Iran conflict","page_number":222,"box":{"x":43,"y":630,"width":449,"height":11}},{"id":"e320ad98-3e3d-41c5-97a9-ce923b104ea3","block_type":"box","text":"reduced its relative attractiveness as a defensive holding.","page_number":222,"box":{"x":43,"y":644,"width":429,"height":11}},{"id":"1707bbe8-0e30-4e52-9c61-5f3984b3e56f","block_type":"box","text":"We also cut the weighting in another ‘safe haven’ asset by","page_number":222,"box":{"x":42,"y":669,"width":450,"height":11}},{"id":"91231549-e78d-4a14-91f1-ca72b2c80ccf","block_type":"box","text":"selling our holding in the BlackRock Institutional Cash Series","page_number":222,"box":{"x":42,"y":683,"width":450,"height":11}},{"id":"c7200f0e-eada-465a-a804-6ff1adb33830","block_type":"box","text":"Sterling Liquidity Fund.","page_number":222,"box":{"x":43,"y":697,"width":168,"height":12}},{"id":"301645ac-7ed7-4a59-922d-439a5a9ba79b","block_type":"box","text":"We sold the holding in Fortinet, a US-based cybersecurity","page_number":222,"box":{"x":42,"y":722,"width":445,"height":12}},{"id":"fd7f9ceb-57a3-4d45-8979-1cc927d78a54","block_type":"box","text":"company. We were concerned about the long-term outlook","page_number":222,"box":{"x":42,"y":737,"width":445,"height":11}},{"id":"df570895-134a-4515-8ced-ae57022f2eff","block_type":"box","text":"for the software sector's resilience amid accelerating","page_number":222,"box":{"x":42,"y":751,"width":444,"height":11}},{"id":"c6a3072c-ef9b-4061-8b83-d88053fe2621","block_type":"box","text":"disruption from AI.","page_number":222,"box":{"x":42,"y":765,"width":134,"height":11}},{"id":"f03edb9f-914a-466b-82e6-e925b18a59b1","block_type":"box","text":"Outlook","page_number":222,"box":{"x":43,"y":790,"width":62,"height":9}},{"id":"793319b1-d11d-4966-b444-bbef28f66a16","block_type":"box","text":"Global equity markets are being shaped by easing oil supply","page_number":222,"box":{"x":43,"y":804,"width":444,"height":12}},{"id":"25bdf10c-1f2a-4eb8-9114-0225f212e0fb","block_type":"box","text":"concerns and major stock market listings by large technology","page_number":222,"box":{"x":42,"y":819,"width":445,"height":11}},{"id":"d68dddac-955f-44b0-9383-3cbc2ba0c4be","block_type":"box","text":"companies. Investor confidence is returning as the US-Iran","page_number":222,"box":{"x":42,"y":833,"width":444,"height":11}},{"id":"02346e2e-9a78-47e5-ba6d-9dcbf20bafd8","block_type":"box","text":"war ceasefire, brokered in April, came under renewed strain","page_number":222,"box":{"x":42,"y":847,"width":450,"height":11}},{"id":"6e3031aa-ab4f-4516-9a8b-0120ba3529d4","block_type":"box","text":"in July after fresh exchanges of strikes; markets are watching","page_number":222,"box":{"x":43,"y":861,"width":449,"height":12}},{"id":"868f23cf-83ee-44d1-a3c1-d564982fa1dd","block_type":"box","text":"closely for signs of a durable resolution.","page_number":222,"box":{"x":42,"y":876,"width":299,"height":11}},{"id":"b1d218a2-97ec-406c-8dfb-74f54d0f5de0","block_type":"box","text":"The US is experiencing an extraordinary period of capital","page_number":222,"box":{"x":512,"y":79,"width":450,"height":11}},{"id":"6ab56245-6a5f-47a1-a23d-9f81beae59f0","block_type":"box","text":"raising, led by SpaceX's record-breaking IPO (initial public","page_number":222,"box":{"x":513,"y":93,"width":449,"height":12}},{"id":"60192336-3423-4e89-897c-e5967f396d1b","block_type":"box","text":"offering), with Anthropic and OpenAI expected to follow,","page_number":222,"box":{"x":512,"y":108,"width":450,"height":11}},{"id":"063a7423-6ce4-40a5-8932-4c5d599e48ad","block_type":"box","text":"possibly later this year. However, questions remain about","page_number":222,"box":{"x":513,"y":122,"width":449,"height":11}},{"id":"584a195a-d0db-45aa-9ede-2b10740a6a4a","block_type":"box","text":"the future valuations of these companies and whether","page_number":222,"box":{"x":512,"y":136,"width":450,"height":11}},{"id":"ba538596-a9fd-426a-933e-030803ea6ea9","block_type":"box","text":"markets can absorb the new supply of shares. More broadly,","page_number":222,"box":{"x":513,"y":150,"width":449,"height":12}},{"id":"5a5cf394-3261-4fd4-86bd-408c73bda0cd","block_type":"box","text":"equity markets are being supported by potential long-term","page_number":222,"box":{"x":512,"y":165,"width":450,"height":11}},{"id":"a96d2f8a-ebdd-4764-a277-fea8c4772d77","block_type":"box","text":"AI-linked productivity gains and AI-driven demand for new","page_number":222,"box":{"x":512,"y":179,"width":450,"height":11}},{"id":"cd4b969b-26e6-4a08-a09e-a499e4b44c81","block_type":"box","text":"data centres.","page_number":222,"box":{"x":512,"y":193,"width":95,"height":9}},{"id":"b23961d1-05e9-4fe1-b5b4-4c8820d1de2f","block_type":"box","text":"We hold an overweight position in equities compared with","page_number":222,"box":{"x":512,"y":218,"width":450,"height":11}},{"id":"92fc0856-5c1e-4b63-bade-6f5161b27064","block_type":"box","text":"our benchmark, given the evidence of robust corporate","page_number":222,"box":{"x":512,"y":232,"width":450,"height":12}},{"id":"e9134b1e-d96f-49b9-ae3d-c3bc5296fa19","block_type":"box","text":"earnings and dividend growth. We continue to focus on","page_number":222,"box":{"x":512,"y":247,"width":450,"height":11}},{"id":"ff9513b7-d670-4c15-8ed7-66367e5d1f8b","block_type":"box","text":"high-quality companies with higher returns on equity, stable","page_number":222,"box":{"x":513,"y":261,"width":449,"height":11}},{"id":"95dfa3f4-e60c-4004-9f74-79144a7d9296","block_type":"box","text":"earnings growth and lower borrowings, which should offer","page_number":222,"box":{"x":512,"y":275,"width":450,"height":11}},{"id":"69211d21-068e-44c4-b025-57de5ba5f27d","block_type":"box","text":"some downside protection in case of economic headwinds.","page_number":222,"box":{"x":512,"y":289,"width":436,"height":12}},{"id":"d55fe9aa-2e02-4504-a2ce-6d9da0ac2977","block_type":"box","text":"Sarasin & Partners LLP","page_number":222,"box":{"x":512,"y":364,"width":174,"height":9}},{"id":"ebfdab00-8893-47c8-a385-55e1e4219573","block_type":"box","text":"3 August 2026","page_number":222,"box":{"x":512,"y":379,"width":106,"height":11}},{"id":"2289b4aa-d4a9-4e85-aabb-7672d101e621","block_type":"box","text":"All opinions and estimates contained in this report constitute the Company’s","page_number":222,"box":{"x":512,"y":413,"width":445,"height":9}},{"id":"ff2bd4da-a860-4c64-8b6a-239498176ea8","block_type":"box","text":"judgement and view as of the date of the report and are subject to change","page_number":222,"box":{"x":511,"y":424,"width":446,"height":9}},{"id":"2e129297-56fb-4e39-9580-b6660d0c33a1","block_type":"box","text":"without notice.","page_number":222,"box":{"x":512,"y":436,"width":84,"height":7}},{"id":"89e15d64-e536-4c65-b4f7-734a1be84500","block_type":"box","text":"Top 10 purchases during the period","page_number":222,"box":{"x":512,"y":461,"width":283,"height":11}},{"id":"57353edc-e948-40d2-8a71-7298043f8761","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":222,"box":{"x":513,"y":474,"width":385,"height":9}},{"id":"1c88793e-2dcb-4316-8494-a104a7c17074","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":222,"box":{"x":512,"y":487,"width":411,"height":12}},{"id":"aef96a25-2f8d-49b5-841f-e998cfbcd874","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":222,"box":{"x":512,"y":501,"width":301,"height":9}},{"id":"b5642870-66a0-4320-a850-c48a0f1f9754","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":222,"box":{"x":512,"y":514,"width":349,"height":11}},{"id":"ebb65b33-3f86-49b7-9e12-e44b3a7a66de","block_type":"box","text":"Schroder Asian Income Fund","page_number":222,"box":{"x":512,"y":528,"width":215,"height":8}},{"id":"b0237717-a391-4ca3-b941-c4e2b3c19053","block_type":"box","text":"Xtrackers S&P 500 UCITS ETF","page_number":222,"box":{"x":512,"y":541,"width":232,"height":9}},{"id":"82457ad2-000d-4797-b26a-1e657f918d44","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF","page_number":222,"box":{"x":512,"y":554,"width":458,"height":12}},{"id":"e8c08dc5-4bbe-461b-8a77-755f48d79fc8","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD Accumulation","page_number":222,"box":{"x":513,"y":568,"width":457,"height":11}},{"id":"fe2dc652-80e0-421a-973d-c091b81a4725","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":222,"box":{"x":513,"y":581,"width":320,"height":11}},{"id":"03fcfe16-5237-40da-8f75-b18549a52bc1","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":222,"box":{"x":513,"y":595,"width":367,"height":11}},{"id":"5919c6e6-53d6-429c-8a32-7abdd507dd0f","block_type":"box","text":"Top 10 sales during the period","page_number":222,"box":{"x":512,"y":614,"width":241,"height":11}},{"id":"0416e9eb-c4fe-4b42-a634-746c1c8a4b65","block_type":"box","text":"iShares MSCI ACWI UCITS ETF USD Accumulation","page_number":222,"box":{"x":513,"y":627,"width":385,"height":9}},{"id":"29676ab5-5f72-4b24-9778-674a71395d5c","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":222,"box":{"x":512,"y":640,"width":411,"height":12}},{"id":"5f65b1f4-0840-4890-aa7a-6bd151952052","block_type":"box","text":"Invesco Physical Gold","page_number":222,"box":{"x":513,"y":654,"width":163,"height":11}},{"id":"d75fc68d-39f8-4eea-a9b2-85514544c769","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF","page_number":222,"box":{"x":512,"y":667,"width":458,"height":11}},{"id":"c57ae0b1-2e79-47b5-829c-afa9dec604a3","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD Accumulation","page_number":222,"box":{"x":513,"y":681,"width":457,"height":11}},{"id":"eb8c8f28-d1c1-4653-8ebb-ac177e833ffd","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":222,"box":{"x":512,"y":694,"width":242,"height":11}},{"id":"91e4ae16-137b-4536-ad77-b38b66a7b1b3","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":222,"box":{"x":512,"y":707,"width":404,"height":12}},{"id":"4fc7d8cd-0613-48c0-bdde-d149c4fe6a10","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":222,"box":{"x":512,"y":721,"width":349,"height":11}},{"id":"aeefe8f3-9ad6-4109-8718-8d2e292e9b15","block_type":"box","text":"Rio Tinto","page_number":222,"box":{"x":513,"y":734,"width":64,"height":9}},{"id":"238cb79f-feb0-4a42-ac95-02516699aaa2","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":222,"box":{"x":513,"y":748,"width":288,"height":11}},{"id":"58d3fa9a-37f9-448b-b938-5e735e870768","block_type":"box","text":"Investment Review (continued)","page_number":222,"box":{"x":43,"y":79,"width":300,"height":14}},{"id":"caba7bbc-e736-4f5e-9db5-b3f393333a89","block_type":"box","text":"222","page_number":223,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"d44bc0cb-e449-4504-83de-d791e4eecb37","block_type":"box","text":"SARASIN Growth Managed","page_number":223,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"03e76e7a-e82a-46a3-83d8-38919919ebd7","block_type":"box","text":"Sub-fund Information","page_number":223,"box":{"x":43,"y":79,"width":202,"height":11}},{"id":"9374425b-290d-4bd9-9a97-6d57830cdbd1","block_type":"box","text":"Risk and Reward Profile","page_number":223,"box":{"x":43,"y":106,"width":190,"height":9}},{"id":"d09cae8e-43eb-4c7a-8f0d-1a1472e1a0c1","block_type":"box","text":"0","page_number":223,"box":{"x":71,"y":170,"width":8,"height":8}},{"id":"f0eaa595-099d-4f45-bdd1-680722e84d29","block_type":"box","text":"Lower2","page_number":223,"box":{"x":43,"y":144,"width":39,"height":7}},{"id":"758df098-67a5-413f-81e9-33be2034a76a","block_type":"box","text":"er2","page_number":223,"box":{"x":72,"y":145,"width":6,"height":8}},{"id":"e0b6a870-240f-4bdc-a3a8-56cb3ca504c0","block_type":"box","text":"risk","page_number":223,"box":{"x":86,"y":144,"width":23,"height":7}},{"id":"bc7dfe7f-c9b9-4a00-9a1f-404e3e8fca2f","block_type":"box","text":"Higher","page_number":223,"box":{"x":887,"y":145,"width":42,"height":9}},{"id":"2d696200-b538-4692-993e-b5d41afadb08","block_type":"box","text":"risk","page_number":223,"box":{"x":934,"y":145,"width":23,"height":7}},{"id":"bb1ea38c-71b5-4c44-b5f1-6f6a08b208ba","block_type":"box","text":"Typically","page_number":223,"box":{"x":42,"y":156,"width":52,"height":9}},{"id":"37639344-f6a2-41d0-a277-afd2991145ed","block_type":"box","text":"lower rewards","page_number":223,"box":{"x":99,"y":156,"width":82,"height":7}},{"id":"3882ecb3-3c2c-4b64-bdac-45140357b568","block_type":"box","text":"Typically","page_number":223,"box":{"x":812,"y":156,"width":52,"height":9}},{"id":"0b590e16-f8e8-4c93-bd95-b283828c8e45","block_type":"box","text":"higher rewards","page_number":223,"box":{"x":869,"y":156,"width":87,"height":9}},{"id":"0fde3431-946c-4a60-be2a-9dc0328e2f39","block_type":"box","text":"1","page_number":223,"box":{"x":107,"y":179,"width":5,"height":7}},{"id":"19e19578-5982-4ce4-90a9-c0a435dbfe15","block_type":"box","text":"2","page_number":223,"box":{"x":236,"y":179,"width":7,"height":7}},{"id":"642702a8-0bac-4895-8170-dbab533a6a9a","block_type":"box","text":"3","page_number":223,"box":{"x":367,"y":179,"width":6,"height":7}},{"id":"3bf22720-4574-4544-bf9c-d2b113ac903c","block_type":"box","text":"4","page_number":223,"box":{"x":496,"y":179,"width":7,"height":7}},{"id":"77f4cb5c-6369-494c-a967-62072107ac52","block_type":"box","text":"5","page_number":223,"box":{"x":626,"y":179,"width":7,"height":7}},{"id":"9734f408-f5e0-42d8-a463-13c6a3293eee","block_type":"box","text":"6","page_number":223,"box":{"x":756,"y":179,"width":7,"height":7}},{"id":"92095fb6-f59a-4cbf-8077-1002a1cf2063","block_type":"box","text":"7","page_number":223,"box":{"x":887,"y":179,"width":6,"height":7}},{"id":"74d3b49d-423f-4448-8f5a-4975c0117c7d","block_type":"box","text":"•","page_number":223,"box":{"x":43,"y":217,"width":4,"height":3}},{"id":"679b6f78-89cf-4213-ba8d-3458ed2e950d","block_type":"box","text":"Historical data may not be a reliable indication for the future.","page_number":223,"box":{"x":67,"y":214,"width":445,"height":12}},{"id":"adf644b7-b6e1-4994-8625-367e8411a3b0","block_type":"box","text":"•","page_number":223,"box":{"x":43,"y":232,"width":4,"height":3}},{"id":"5f7439ad-994d-499c-9ce3-81aace8e3925","block_type":"box","text":"The risk category shown is not guaranteed and may shift over time.","page_number":223,"box":{"x":66,"y":229,"width":498,"height":11}},{"id":"3879ee79-d6d5-49eb-aa3a-bee9e82144a5","block_type":"box","text":"•","page_number":223,"box":{"x":43,"y":246,"width":4,"height":3}},{"id":"d5d8d942-23c0-4eca-88fd-c5831e87d942","block_type":"box","text":"The lowest category does not mean ‘risk-free’.","page_number":223,"box":{"x":66,"y":243,"width":342,"height":11}},{"id":"575dc0e8-964b-47ed-9e21-6b5d2d7fb029","block_type":"box","text":"The Risk and Reward Indicator","page_number":223,"box":{"x":42,"y":268,"width":250,"height":9}},{"id":"e36477a5-80f0-44d7-a76c-b17b43664729","block_type":"box","text":"The Risk and Reward Indicator table demonstrates where the sub-fund ranks in terms of its potential risk and return, calculated","page_number":223,"box":{"x":42,"y":282,"width":920,"height":11}},{"id":"28d5fe23-d47c-4cca-b191-33001133a079","block_type":"box","text":"using the volatility of monthly returns over five years. As it is based upon how the sub-fund has performed in the past, you","page_number":223,"box":{"x":43,"y":296,"width":919,"height":12}},{"id":"1246984b-84b8-4398-a7ec-95d8aa2973e1","block_type":"box","text":"should note that the sub-fund may well perform differently in the future. The higher the rank, the greater the potential reward","page_number":223,"box":{"x":42,"y":311,"width":920,"height":11}},{"id":"87f9b1bf-e912-4bd9-9fb3-f1686cb83bf7","block_type":"box","text":"but the greater the risk of losing money.","page_number":223,"box":{"x":43,"y":325,"width":291,"height":11}},{"id":"748a2d5b-53d0-4f8c-beaa-61c3362ae816","block_type":"box","text":"The sub-fund is ranked at 5 reflecting observed historical returns. The sub-fund is in this category because it has shown","page_number":223,"box":{"x":42,"y":350,"width":920,"height":11}},{"id":"93024e69-6feb-40df-9f0f-0e4b82c48955","block_type":"box","text":"higher levels of volatility historically.","page_number":223,"box":{"x":43,"y":364,"width":267,"height":11}},{"id":"55d2891c-ba69-45d8-8af6-c68204909241","block_type":"box","text":"The following risks may not be fully captured by the Indicator:","page_number":223,"box":{"x":42,"y":389,"width":500,"height":11}},{"id":"13152a60-4928-41a1-ae97-52f155f40e8d","block_type":"box","text":"Leverage risk:","page_number":223,"box":{"x":43,"y":403,"width":111,"height":11}},{"id":"c60a22ce-9f8c-4865-ac0e-1627cf2a4066","block_type":"box","text":"The sub-fund has the potential for increased losses (or gains) when it borrows money to amplify its investments.","page_number":223,"box":{"x":154,"y":403,"width":808,"height":11}},{"id":"016e3d6d-fb43-47ef-93c3-81b8f39d7258","block_type":"box","text":"This means small changes in the market can have a bigger impact on the sub-fund’","page_number":223,"box":{"x":42,"y":417,"width":617,"height":12}},{"id":"1ae11341-c3c8-46d2-9849-7c656e24dbe9","block_type":"box","text":"s value.","page_number":223,"box":{"x":660,"y":418,"width":56,"height":8}},{"id":"3aafabdd-3a25-4710-8660-c7b746fb4bc8","block_type":"box","text":"Concentration risk:","page_number":223,"box":{"x":43,"y":443,"width":154,"height":8}},{"id":"b8e9fe17-e66e-4e1a-9376-e4eca3713c37","block_type":"box","text":"The sub-fund holds a small number of investments, and therefore a decline in the value of a single","page_number":223,"box":{"x":197,"y":442,"width":765,"height":12}},{"id":"077568b8-4521-40dc-94fd-5b894b9f7149","block_type":"box","text":"investment may have a greater impact than if it held a larger number of investments.","page_number":223,"box":{"x":43,"y":457,"width":623,"height":11}},{"id":"05e1b3be-280b-42c5-8ff1-c6d11cb364c9","block_type":"box","text":"Emerging markets risk:","page_number":223,"box":{"x":43,"y":482,"width":190,"height":11}},{"id":"908b1b79-16f5-41e6-b9b1-865d5085395b","block_type":"box","text":"Emerging markets may face more political, economic or structural challenges than developed","page_number":223,"box":{"x":233,"y":482,"width":729,"height":11}},{"id":"4a6bffb1-9c96-4752-a618-7859cc7fefd6","block_type":"box","text":"markets. Shares may also be less liquid, meaning investments may not be sold quickly enough to prevent or minimise a loss.","page_number":223,"box":{"x":43,"y":496,"width":919,"height":11}},{"id":"a1e0c231-d42d-43b2-a115-43d9f66034d5","block_type":"box","text":"As a result, investing in emerging markets may involve a higher risk than investing in developed markets.","page_number":223,"box":{"x":42,"y":510,"width":777,"height":11}},{"id":"6656364c-027d-4d87-8e3c-e669125ff19f","block_type":"box","text":"Alternative risk:","page_number":223,"box":{"x":42,"y":535,"width":128,"height":9}},{"id":"623d4d20-7837-4006-a300-981b70e169ce","block_type":"box","text":"The sub-fund may invest in alternative assets that are difficult to sell quickly, challenging to value, and","page_number":223,"box":{"x":170,"y":535,"width":792,"height":11}},{"id":"b47c2691-1a93-496d-9a95-412c2519107f","block_type":"box","text":"subject to higher fees. These assets may also contribute to greater price volatility compared to traditional assets such as","page_number":223,"box":{"x":42,"y":549,"width":920,"height":12}},{"id":"9d5e8495-e1a8-41de-b0d5-88a9cfb42cb4","block_type":"box","text":"equities, fixed income and cash. Such conditions could lead to unpredictable changes in the value of your holdings.","page_number":223,"box":{"x":42,"y":564,"width":853,"height":11}},{"id":"9851595f-7c23-4970-89de-1401a98e29f4","block_type":"box","text":"Exchange Traded Funds (ETFs) risk:","page_number":223,"box":{"x":43,"y":589,"width":288,"height":11}},{"id":"ecac0daf-8fe6-438f-a7c2-0c54722e1500","block_type":"box","text":"ETFs are subject to market fluctuations and the risks of their underlying investments.","page_number":223,"box":{"x":331,"y":589,"width":631,"height":11}},{"id":"030561b9-1793-4ed2-9c5e-cb9baf6eb479","block_type":"box","text":"They are also subject to management fees and other expenses.","page_number":223,"box":{"x":42,"y":603,"width":473,"height":11}},{"id":"b08e9a52-debd-418f-a8c3-7e326eaa4919","block_type":"box","text":"Operational risk:","page_number":223,"box":{"x":43,"y":628,"width":133,"height":11}},{"id":"54b0ec39-b15e-48fe-b5c9-5b4683aca8ca","block_type":"box","text":"Operational risks arising from failures or delays in processes and systems, or the failure of a third-party","page_number":223,"box":{"x":176,"y":628,"width":786,"height":11}},{"id":"d353d7c9-d51b-4148-8475-1dd99b19a97d","block_type":"box","text":"provider may affect the value of your investments. If compensation is required due to failures, payments may be delayed.","page_number":223,"box":{"x":43,"y":642,"width":894,"height":11}},{"id":"291385ca-5ab9-41f2-8754-4519aed157df","block_type":"box","text":"Counterparty and settlement risk:","page_number":223,"box":{"x":43,"y":667,"width":269,"height":11}},{"id":"28626eda-d959-4e20-ba28-0fba3c415ff6","block_type":"box","text":"The sub-fund could lose money if a counterparty with which it transacts with becomes","page_number":223,"box":{"x":312,"y":667,"width":650,"height":11}},{"id":"41fbb246-6501-4b46-b9dc-42ca3c4522cd","block_type":"box","text":"unwilling or unable to repay money owed to the sub-fund.","page_number":223,"box":{"x":43,"y":681,"width":423,"height":11}},{"id":"cf3e878b-d4b1-4742-b9be-d326cc6392a9","block_type":"box","text":"Charges deducted from capital:","page_number":223,"box":{"x":43,"y":706,"width":257,"height":11}},{"id":"50278677-762e-44fb-bf67-967a73ce0ab7","block_type":"box","text":"The sub-fund has charges deducted from capital, which may reduce the potential for","page_number":223,"box":{"x":307,"y":706,"width":650,"height":11}},{"id":"8ead613a-0972-4141-a421-6e7507cc1c03","block_type":"box","text":"growth.","page_number":223,"box":{"x":42,"y":721,"width":53,"height":11}},{"id":"ea69157d-7b26-4ce4-9709-ac153f912b2f","block_type":"box","text":"223","page_number":224,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"63a100bd-5ea5-4e22-aeab-9e09bd6851b4","block_type":"box","text":"SARASIN Growth Managed","page_number":224,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"4462d18f-d32c-400f-b523-10030f86cd02","block_type":"box","text":"Portfolio Statement","page_number":224,"box":{"x":43,"y":79,"width":184,"height":11}},{"id":"ffd12b85-4238-41db-b89e-f3c915001e21","block_type":"box","text":"As at 3 July 2026 (unaudited)","page_number":224,"box":{"x":42,"y":98,"width":218,"height":11}},{"id":"dc48f389-b666-405f-9697-a309cd62a5b3","block_type":"box","text":"Holding/Nominal Value","page_number":224,"box":{"x":51,"y":147,"width":144,"height":9}},{"id":"595a155b-6922-43b9-aa85-1b31a7836d77","block_type":"box","text":"Investment","page_number":224,"box":{"x":230,"y":147,"width":69,"height":7}},{"id":"fe0caa4d-8de5-4b40-9857-afdfea381bda","block_type":"box","text":"Market","page_number":224,"box":{"x":758,"y":124,"width":42,"height":7}},{"id":"562a2ec7-9cf3-4677-9a6a-871c130eb167","block_type":"box","text":"Value","page_number":224,"box":{"x":765,"y":136,"width":34,"height":7}},{"id":"262c2652-f3eb-4fac-8723-ab2bc6af63dd","block_type":"box","text":"£","page_number":224,"box":{"x":793,"y":147,"width":7,"height":7}},{"id":"4a9fc740-cf32-48a2-8edc-52f6f477d40c","block_type":"box","text":"% of","page_number":224,"box":{"x":929,"y":136,"width":29,"height":7}},{"id":"f7a98d91-a994-47e5-8e1e-5a6481ec9a77","block_type":"box","text":"Net Assets","page_number":224,"box":{"x":889,"y":147,"width":68,"height":7}},{"id":"8484382f-eefd-498d-ac2e-614853646e17","block_type":"box","text":"Digitalisation","page_number":224,"box":{"x":43,"y":179,"width":103,"height":11}},{"id":"03996e8c-8857-4b00-8bc3-4b93d66706aa","block_type":"box","text":"4.54% (31 December 2025 - 5.72%)","page_number":224,"box":{"x":147,"y":179,"width":277,"height":11}},{"id":"55bb6977-7654-4f9e-8fc9-90a02b3c61da","block_type":"box","text":"3,356","page_number":224,"box":{"x":154,"y":198,"width":41,"height":10}},{"id":"3931d0da-870b-413b-b799-650c0342cbe0","block_type":"box","text":"Alphabet 'A'","page_number":224,"box":{"x":229,"y":198,"width":88,"height":11}},{"id":"6755b2bc-d636-4fd6-8398-a632326e2fa7","block_type":"box","text":"903,249","page_number":224,"box":{"x":740,"y":198,"width":59,"height":10}},{"id":"bf7c164e-afd2-424b-90e2-40d87bfef749","block_type":"box","text":"0.72","page_number":224,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"a772f970-2ba2-4818-9b27-dcbf2683061b","block_type":"box","text":"4,443","page_number":224,"box":{"x":154,"y":213,"width":41,"height":10}},{"id":"5433bba3-58d7-4b3b-9a6f-9fb3f2932b2d","block_type":"box","text":"Amazon.com","page_number":224,"box":{"x":229,"y":213,"width":97,"height":9}},{"id":"9694218a-322e-4496-98a8-2ff15d6aaed7","block_type":"box","text":"805,810","page_number":224,"box":{"x":740,"y":213,"width":59,"height":10}},{"id":"50ca82a2-b7e2-4612-ab60-15135a9155b7","block_type":"box","text":"0.64","page_number":224,"box":{"x":925,"y":213,"width":31,"height":9}},{"id":"c27a415c-defa-4792-8695-465b7aedac88","block_type":"box","text":"2,581","page_number":224,"box":{"x":154,"y":229,"width":38,"height":10}},{"id":"b2dcab56-ce08-44f2-8efd-16d1fcc774bb","block_type":"box","text":"Apple","page_number":224,"box":{"x":229,"y":229,"width":42,"height":11}},{"id":"85e33c40-c120-4e15-a49b-5b0ff1c077fd","block_type":"box","text":"595,422","page_number":224,"box":{"x":740,"y":229,"width":59,"height":10}},{"id":"18c71c07-742a-41cd-b1a0-8da1d1b6de64","block_type":"box","text":"0.47","page_number":224,"box":{"x":925,"y":229,"width":31,"height":8}},{"id":"3b1504d8-0ef1-449a-9110-06c52f5efd65","block_type":"box","text":"700","page_number":224,"box":{"x":168,"y":244,"width":27,"height":9}},{"id":"d9c9a74c-885d-4711-916a-c8e8c910f624","block_type":"box","text":"Disco","page_number":224,"box":{"x":230,"y":244,"width":40,"height":9}},{"id":"89a6719f-38bf-46a2-bc25-6ed5f0cedf95","block_type":"box","text":"248,858","page_number":224,"box":{"x":740,"y":244,"width":59,"height":10}},{"id":"76bb7d65-2583-4a8f-b090-489524bf2bc1","block_type":"box","text":"0.20","page_number":224,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"98add3ea-29d3-4598-994c-cb3e5b4d47fd","block_type":"box","text":"2,300","page_number":224,"box":{"x":154,"y":259,"width":41,"height":11}},{"id":"3804ef3c-9a62-44a9-b2a2-98eea5570751","block_type":"box","text":"Hoya","page_number":224,"box":{"x":230,"y":259,"width":37,"height":11}},{"id":"184f3e60-1cea-4e60-94c1-28de025ad7de","block_type":"box","text":"276,722","page_number":224,"box":{"x":740,"y":259,"width":59,"height":11}},{"id":"f907e474-46fd-4e26-ad20-c70628bb4fb3","block_type":"box","text":"0.22","page_number":224,"box":{"x":925,"y":259,"width":31,"height":9}},{"id":"8ef5be24-7810-477d-8f95-effb0e5213c3","block_type":"box","text":"1,902","page_number":224,"box":{"x":155,"y":275,"width":40,"height":10}},{"id":"97c77634-0ece-48e6-84b7-5117100049de","block_type":"box","text":"London Stock Exchange Group","page_number":224,"box":{"x":230,"y":274,"width":231,"height":12}},{"id":"5a21c551-44d6-4fa4-bff2-e9fe736720fb","block_type":"box","text":"164,827","page_number":224,"box":{"x":741,"y":275,"width":58,"height":10}},{"id":"53a96d0a-e23c-4f9a-8c8b-5c475c3b0131","block_type":"box","text":"0.13","page_number":224,"box":{"x":925,"y":275,"width":31,"height":8}},{"id":"3cf78e9e-2d2f-4a8e-9315-2273c36c6828","block_type":"box","text":"1,350","page_number":224,"box":{"x":155,"y":290,"width":40,"height":10}},{"id":"9c4ba13f-1eda-4f2e-840f-775e6b6faad5","block_type":"box","text":"Mastercard 'A'","page_number":224,"box":{"x":230,"y":290,"width":104,"height":9}},{"id":"c966fed5-183d-4f18-8040-a336b6e36afc","block_type":"box","text":"545,033","page_number":224,"box":{"x":740,"y":290,"width":59,"height":10}},{"id":"ec5821a2-f350-41b1-8b35-d152f778204e","block_type":"box","text":"0.43","page_number":224,"box":{"x":925,"y":290,"width":31,"height":9}},{"id":"eec0ad9e-5c5a-4d86-86ed-b7252b42fde7","block_type":"box","text":"648","page_number":224,"box":{"x":168,"y":305,"width":27,"height":9}},{"id":"a29ca3d0-152e-410d-981c-9987fedc52e3","block_type":"box","text":"Meta Platforms 'A'","page_number":224,"box":{"x":230,"y":305,"width":133,"height":9}},{"id":"00c80f58-6760-4e4a-966e-ef8f30c0ee6a","block_type":"box","text":"282,656","page_number":224,"box":{"x":740,"y":305,"width":59,"height":11}},{"id":"7c5c8dab-93f8-4d2b-8b92-8584464223ff","block_type":"box","text":"0.22","page_number":224,"box":{"x":925,"y":305,"width":31,"height":9}},{"id":"6918ddda-897a-4460-acf9-721d0e4ce965","block_type":"box","text":"2,503","page_number":224,"box":{"x":154,"y":321,"width":41,"height":10}},{"id":"f7e725ef-beac-4d4f-82d7-b52c07aa398d","block_type":"box","text":"Microsoft","page_number":224,"box":{"x":230,"y":321,"width":67,"height":8}},{"id":"12a818c7-23b9-4566-892b-722faf27a28e","block_type":"box","text":"730,091","page_number":224,"box":{"x":740,"y":321,"width":57,"height":10}},{"id":"53091620-e2b3-44a3-956a-6b3cfef3a888","block_type":"box","text":"0.58","page_number":224,"box":{"x":925,"y":321,"width":31,"height":8}},{"id":"b153ca56-e3b3-432b-b10b-09e782413275","block_type":"box","text":"428","page_number":224,"box":{"x":168,"y":336,"width":27,"height":9}},{"id":"d6237beb-0848-4104-aad6-ca3fb1e8c2d8","block_type":"box","text":"Moody's","page_number":224,"box":{"x":230,"y":336,"width":60,"height":11}},{"id":"9c14b046-b803-4f49-816c-549d449900f5","block_type":"box","text":"157,044","page_number":224,"box":{"x":741,"y":336,"width":58,"height":10}},{"id":"6a5c2bce-39fb-4f75-aef3-643988532f34","block_type":"box","text":"0.13","page_number":224,"box":{"x":925,"y":336,"width":31,"height":9}},{"id":"1652e0c9-e731-44e8-9242-0e376cf37a01","block_type":"box","text":"5,955","page_number":224,"box":{"x":154,"y":351,"width":41,"height":11}},{"id":"a0faf6e8-791e-4061-b1c6-e3f899b9d35d","block_type":"box","text":"Netflix","page_number":224,"box":{"x":230,"y":351,"width":45,"height":9}},{"id":"8b476fcf-f0cd-40ea-88d8-31b8ac599217","block_type":"box","text":"345,909","page_number":224,"box":{"x":740,"y":351,"width":59,"height":11}},{"id":"a55bdd3a-dfec-4bc4-af25-5f736555f566","block_type":"box","text":"0.28","page_number":224,"box":{"x":925,"y":351,"width":31,"height":9}},{"id":"b0dcd222-b122-4399-b287-f658f38576b0","block_type":"box","text":"8,000","page_number":224,"box":{"x":154,"y":367,"width":41,"height":10}},{"id":"504083ac-e82a-4bab-83fe-e336f419d06a","block_type":"box","text":"Tencent Holdings","page_number":224,"box":{"x":229,"y":367,"width":128,"height":11}},{"id":"3aa8f519-effa-4e07-b8c2-8de7c1b253fc","block_type":"box","text":"329,264","page_number":224,"box":{"x":740,"y":367,"width":59,"height":10}},{"id":"d0962e21-49c6-4698-b108-6a0b6692b067","block_type":"box","text":"0.26","page_number":224,"box":{"x":925,"y":367,"width":31,"height":9}},{"id":"b96f68e3-bd1e-4099-a28a-749e220d337e","block_type":"box","text":"5,878","page_number":224,"box":{"x":154,"y":382,"width":41,"height":10}},{"id":"f8ea27d8-a659-41d3-9021-b9cad7081b38","block_type":"box","text":"Uber Technologies","page_number":224,"box":{"x":230,"y":382,"width":137,"height":11}},{"id":"6912ac2b-e5f3-48fd-b77c-82ebcfde6461","block_type":"box","text":"327,487","page_number":224,"box":{"x":740,"y":382,"width":59,"height":10}},{"id":"09a2dfeb-dacc-4ee2-a43e-0158f7f1ce1a","block_type":"box","text":"0.26","page_number":224,"box":{"x":925,"y":382,"width":31,"height":9}},{"id":"a0bba468-8dda-48b8-8277-e3b01a516946","block_type":"box","text":"5,712,372","page_number":224,"box":{"x":726,"y":400,"width":73,"height":11}},{"id":"5a349f92-3978-4f7c-a244-b396bd12ca8a","block_type":"box","text":"4.54","page_number":224,"box":{"x":925,"y":400,"width":32,"height":9}},{"id":"6dd6131d-988f-4b0d-bdc5-7d0c38060931","block_type":"box","text":"Automation","page_number":224,"box":{"x":42,"y":431,"width":92,"height":9}},{"id":"f8379372-b2b8-4520-91cf-ad1397d5eac0","block_type":"box","text":"3.73% (31 December 2025 - 3.24%)","page_number":224,"box":{"x":135,"y":431,"width":276,"height":11}},{"id":"957dbae6-e99c-42be-b158-bab449db3f5a","block_type":"box","text":"694","page_number":224,"box":{"x":168,"y":450,"width":27,"height":9}},{"id":"fbe60547-7c87-4412-87c2-9ab48e1d9497","block_type":"box","text":"ASML Holding","page_number":224,"box":{"x":229,"y":450,"width":105,"height":11}},{"id":"e6c9d8be-4def-4be6-aa5b-d89b545b70ff","block_type":"box","text":"971,539","page_number":224,"box":{"x":740,"y":450,"width":59,"height":10}},{"id":"f2d012c0-dc17-4f0f-ab1d-4c79f40e22bb","block_type":"box","text":"0.77","page_number":224,"box":{"x":925,"y":450,"width":31,"height":9}},{"id":"25c2ca8e-2e89-48fd-8d91-802a86af6ea9","block_type":"box","text":"2,323","page_number":224,"box":{"x":154,"y":465,"width":41,"height":10}},{"id":"09d50540-0cc4-4b85-8acd-ad0813918dc9","block_type":"box","text":"Broadcom","page_number":224,"box":{"x":230,"y":465,"width":74,"height":9}},{"id":"e0f84b8b-599a-49a9-916c-1a151bf5b24e","block_type":"box","text":"626,371","page_number":224,"box":{"x":740,"y":465,"width":57,"height":10}},{"id":"3a8e31ad-bf65-43cb-948d-f9695b98a32b","block_type":"box","text":"0.50","page_number":224,"box":{"x":925,"y":465,"width":31,"height":9}},{"id":"8077e055-ad6e-45a7-98dc-10077b54476f","block_type":"box","text":"3,746","page_number":224,"box":{"x":154,"y":480,"width":41,"height":11}},{"id":"907cb4ae-c5e5-41e5-a38e-3f9cb9d075fa","block_type":"box","text":"Emerson Electric","page_number":224,"box":{"x":230,"y":481,"width":125,"height":8}},{"id":"65c5567a-2fc9-4904-9d97-4ad67fe1d401","block_type":"box","text":"389,758","page_number":224,"box":{"x":740,"y":480,"width":59,"height":11}},{"id":"398abb05-2dec-4c08-90c6-8a73698a4f1d","block_type":"box","text":"0.31","page_number":224,"box":{"x":925,"y":480,"width":29,"height":9}},{"id":"306cc019-d739-4a92-9124-b35afc8965e9","block_type":"box","text":"4,019","page_number":224,"box":{"x":154,"y":496,"width":41,"height":10}},{"id":"d286f30e-cbb2-4274-bdf4-29b29af9a685","block_type":"box","text":"Infineon Technologies","page_number":224,"box":{"x":230,"y":496,"width":160,"height":11}},{"id":"9ec4887e-9db9-4557-84c3-b08f453bec18","block_type":"box","text":"266,715","page_number":224,"box":{"x":740,"y":496,"width":59,"height":10}},{"id":"7b827666-1448-44e2-aedc-1e0e4fe851a5","block_type":"box","text":"0.21","page_number":224,"box":{"x":925,"y":496,"width":29,"height":9}},{"id":"bb5a2904-9e96-4fa3-a632-f376b025b43f","block_type":"box","text":"400","page_number":224,"box":{"x":168,"y":511,"width":27,"height":9}},{"id":"e0753d97-f991-4341-b876-bbf6e34063f5","block_type":"box","text":"Keyence","page_number":224,"box":{"x":230,"y":511,"width":63,"height":11}},{"id":"ba1b5090-4d43-4553-b66f-5956003f88c5","block_type":"box","text":"148,350","page_number":224,"box":{"x":741,"y":511,"width":58,"height":11}},{"id":"765f5649-5ef5-423d-b830-95a8daeb251b","block_type":"box","text":"0.12","page_number":224,"box":{"x":925,"y":511,"width":31,"height":9}},{"id":"3a413e18-4948-4bf8-b9e7-fe6721b89873","block_type":"box","text":"9,825","page_number":224,"box":{"x":154,"y":527,"width":41,"height":10}},{"id":"96c7bc2e-fa57-4330-b14c-63ae40bc79aa","block_type":"box","text":"NVIDIA","page_number":224,"box":{"x":230,"y":527,"width":55,"height":8}},{"id":"31109bd4-6022-4497-ab1a-795ef940c036","block_type":"box","text":"1,430,555","page_number":224,"box":{"x":727,"y":527,"width":72,"height":10}},{"id":"0c4605b8-8b24-4a54-ac69-7f7dad1e074c","block_type":"box","text":"1.14","page_number":224,"box":{"x":926,"y":527,"width":30,"height":8}},{"id":"4f38a48b-586f-4fe5-aff2-cd73b21f0686","block_type":"box","text":"1,406","page_number":224,"box":{"x":155,"y":542,"width":40,"height":10}},{"id":"77186a7c-8901-499f-bf7a-b7901793557a","block_type":"box","text":"Schneider Electric","page_number":224,"box":{"x":229,"y":542,"width":135,"height":9}},{"id":"aeff0285-b661-413f-aad3-abb7b47f0a33","block_type":"box","text":"337,360","page_number":224,"box":{"x":740,"y":542,"width":59,"height":10}},{"id":"84b0f539-25f0-4fc3-9eac-5cde7467879e","block_type":"box","text":"0.27","page_number":224,"box":{"x":925,"y":542,"width":31,"height":9}},{"id":"3bac3e2b-d329-405b-b857-d08267f99b22","block_type":"box","text":"1,105","page_number":224,"box":{"x":155,"y":557,"width":40,"height":11}},{"id":"b9cf14b1-5e55-4866-9c17-18365f9f4d0e","block_type":"box","text":"Siemens","page_number":224,"box":{"x":229,"y":557,"width":64,"height":9}},{"id":"e06dca41-4e3f-488b-92c9-3f19899a4d84","block_type":"box","text":"268,924","page_number":224,"box":{"x":740,"y":557,"width":59,"height":11}},{"id":"856d12ae-1d51-4303-9dd5-2e1ae9212106","block_type":"box","text":"0.21","page_number":224,"box":{"x":925,"y":557,"width":29,"height":9}},{"id":"7d304609-c57a-4485-8208-207e878a333a","block_type":"box","text":"770","page_number":224,"box":{"x":168,"y":573,"width":27,"height":8}},{"id":"e63743d9-bcce-4ac0-b1c6-32c6a6d6771a","block_type":"box","text":"Taiwan Semiconductor Manufacturing Company ADR","page_number":224,"box":{"x":229,"y":573,"width":395,"height":11}},{"id":"05b9f712-1977-4829-a46e-8d9abed0d859","block_type":"box","text":"250,493","page_number":224,"box":{"x":740,"y":573,"width":59,"height":10}},{"id":"2e1d9065-72c6-4617-806f-ccf03a9eca31","block_type":"box","text":"0.20","page_number":224,"box":{"x":925,"y":573,"width":31,"height":8}},{"id":"84e33c1c-bfec-4571-969d-ea32f9f5ddf4","block_type":"box","text":"4,690,065","page_number":224,"box":{"x":726,"y":591,"width":73,"height":10}},{"id":"829a2d69-cf52-4d70-85a7-8885d992de9c","block_type":"box","text":"3.73","page_number":224,"box":{"x":925,"y":591,"width":31,"height":8}},{"id":"467e5501-97de-4283-a5e4-abdfbee0cac6","block_type":"box","text":"Ageing","page_number":224,"box":{"x":42,"y":622,"width":56,"height":11}},{"id":"1f57f323-4b1b-4dee-8887-15143bab85bf","block_type":"box","text":"1.21% (31 December 2025 - 0.96%)","page_number":224,"box":{"x":99,"y":622,"width":276,"height":11}},{"id":"f43b87e3-b5f0-4fc1-9f98-5df0e5c1181e","block_type":"box","text":"1,530","page_number":224,"box":{"x":155,"y":640,"width":40,"height":11}},{"id":"ca7a9214-881c-49e2-ad04-f4498bc74ec3","block_type":"box","text":"Amgen","page_number":224,"box":{"x":229,"y":640,"width":52,"height":11}},{"id":"fe0fad76-cb6c-4071-bedd-6c5f32cd82db","block_type":"box","text":"428,251","page_number":224,"box":{"x":739,"y":640,"width":58,"height":11}},{"id":"59a961f2-f87e-4f81-b99a-b80a7c85d1b4","block_type":"box","text":"0.34","page_number":224,"box":{"x":925,"y":640,"width":31,"height":9}},{"id":"9bb43e3d-6b89-44a2-834a-2b9a69e835db","block_type":"box","text":"502","page_number":224,"box":{"x":168,"y":656,"width":27,"height":8}},{"id":"3505a91a-1cd2-4bed-9051-d8a8e70cd50f","block_type":"box","text":"BlackRock","page_number":224,"box":{"x":230,"y":656,"width":78,"height":8}},{"id":"e074f2f4-f685-409f-97e1-b7bd0f0a91b8","block_type":"box","text":"373,692","page_number":224,"box":{"x":740,"y":656,"width":59,"height":10}},{"id":"ebecf6f2-beb1-4278-801f-5b75adad533a","block_type":"box","text":"0.30","page_number":224,"box":{"x":925,"y":656,"width":31,"height":8}},{"id":"9afc7803-07df-4cbc-8660-9adea603dd4f","block_type":"box","text":"444","page_number":224,"box":{"x":168,"y":671,"width":27,"height":9}},{"id":"37761d5c-2ecc-4b9d-ae40-4ce78f408f3d","block_type":"box","text":"Eli Lilly & Company","page_number":224,"box":{"x":230,"y":671,"width":143,"height":11}},{"id":"f30c0594-15f7-43e1-83c7-d850fe88e8a9","block_type":"box","text":"402,361","page_number":224,"box":{"x":739,"y":671,"width":58,"height":10}},{"id":"f7e48516-f08e-4c6f-9e1c-99846a68ed7b","block_type":"box","text":"0.32","page_number":224,"box":{"x":925,"y":671,"width":31,"height":9}},{"id":"a635db0a-04cf-4be1-8079-fe54890b1494","block_type":"box","text":"799","page_number":224,"box":{"x":168,"y":686,"width":27,"height":9}},{"id":"89c74f16-4de6-42fd-88e3-73a884b96c5a","block_type":"box","text":"Thermo Fisher Scientific","page_number":224,"box":{"x":229,"y":686,"width":181,"height":9}},{"id":"d9817be5-f44a-4db1-9de5-2f8dfffe8221","block_type":"box","text":"312,930","page_number":224,"box":{"x":740,"y":686,"width":59,"height":11}},{"id":"1516e4df-98df-46e5-a479-c1b05f0fc45d","block_type":"box","text":"0.25","page_number":224,"box":{"x":925,"y":686,"width":32,"height":9}},{"id":"da9ac6ea-f9c1-4706-b573-845ae17b3aac","block_type":"box","text":"1,517,234","page_number":224,"box":{"x":727,"y":704,"width":73,"height":11}},{"id":"4a0bab99-a238-46b5-9986-72874946f6f3","block_type":"box","text":"1.21","page_number":224,"box":{"x":926,"y":704,"width":28,"height":9}},{"id":"4cec0ebc-05eb-4c01-a6e6-1456bf22086a","block_type":"box","text":"Evolving Consumption","page_number":224,"box":{"x":43,"y":735,"width":181,"height":11}},{"id":"a5417269-4032-4c51-9a32-6f6810ef30ea","block_type":"box","text":"1.58% (31 December 2025 - 2.74%)","page_number":224,"box":{"x":231,"y":735,"width":270,"height":11}},{"id":"802fb335-55f6-4055-a657-73733157e4b4","block_type":"box","text":"6,031","page_number":224,"box":{"x":154,"y":754,"width":38,"height":10}},{"id":"d410814d-7cf6-48c4-9e8d-bd5808ceef03","block_type":"box","text":"Colgate-Palmolive","page_number":224,"box":{"x":230,"y":754,"width":134,"height":11}},{"id":"ffc90b21-21a2-4d84-9ea9-12084c3e40b1","block_type":"box","text":"429,338","page_number":224,"box":{"x":739,"y":754,"width":60,"height":10}},{"id":"381cff01-850e-415c-af31-8b92b442519f","block_type":"box","text":"0.34","page_number":224,"box":{"x":925,"y":754,"width":31,"height":9}},{"id":"a6dc0cc9-c557-4c84-af59-dbb38e76247b","block_type":"box","text":"6,723","page_number":224,"box":{"x":154,"y":769,"width":41,"height":11}},{"id":"5f354de6-ab56-45fa-924f-760837103e8e","block_type":"box","text":"Compass Group","page_number":224,"box":{"x":230,"y":769,"width":120,"height":11}},{"id":"73136be8-74fe-4b95-866b-0ae24ea44ef8","block_type":"box","text":"164,633","page_number":224,"box":{"x":741,"y":769,"width":58,"height":11}},{"id":"8bade5a6-6b1e-4693-9f94-73393ca29311","block_type":"box","text":"0.13","page_number":224,"box":{"x":925,"y":769,"width":31,"height":9}},{"id":"a704768d-f072-4bdd-a0c7-365a37a459b6","block_type":"box","text":"626","page_number":224,"box":{"x":168,"y":785,"width":27,"height":9}},{"id":"ca1edd16-2a5f-4481-8471-9bb65f07eba4","block_type":"box","text":"Costco Wholesale","page_number":224,"box":{"x":230,"y":785,"width":133,"height":9}},{"id":"f545776a-9715-4d2a-a309-b9377e93e7e8","block_type":"box","text":"445,687","page_number":224,"box":{"x":739,"y":785,"width":60,"height":10}},{"id":"432b4d85-72f8-4c09-aab8-4c371f28fd40","block_type":"box","text":"0.35","page_number":224,"box":{"x":925,"y":785,"width":32,"height":9}},{"id":"78534c75-32d1-4bc6-92cd-8af2dcb1baf2","block_type":"box","text":"909","page_number":224,"box":{"x":168,"y":800,"width":27,"height":9}},{"id":"aa2dd4fd-1673-4fe7-8b02-e10e1cc7b75d","block_type":"box","text":"EssilorLuxottica","page_number":224,"box":{"x":230,"y":800,"width":116,"height":9}},{"id":"d65ad0d6-c07e-4848-bd9d-962e8f04546b","block_type":"box","text":"134,089","page_number":224,"box":{"x":741,"y":800,"width":58,"height":10}},{"id":"26b1b7bd-386d-4bf7-90f6-daa9f8bf0f92","block_type":"box","text":"0.11","page_number":224,"box":{"x":926,"y":800,"width":28,"height":9}},{"id":"6918213f-1c46-4903-a729-acf1799feaf9","block_type":"box","text":"1,276","page_number":224,"box":{"x":155,"y":815,"width":40,"height":11}},{"id":"f9b47143-0103-4a44-afd4-3511811c86a7","block_type":"box","text":"Home Depot","page_number":224,"box":{"x":230,"y":815,"width":93,"height":11}},{"id":"fcf00c63-31b0-419c-abac-d13b0a49a11a","block_type":"box","text":"341,785","page_number":224,"box":{"x":740,"y":815,"width":59,"height":11}},{"id":"974875a8-1c91-461e-884b-0d777be7d9bb","block_type":"box","text":"0.27","page_number":224,"box":{"x":925,"y":815,"width":31,"height":9}},{"id":"8db9c2ff-a9b9-4be0-8fee-7e662fe24ceb","block_type":"box","text":"970","page_number":224,"box":{"x":168,"y":831,"width":27,"height":9}},{"id":"e2c7e9b1-2063-4676-8f2d-84039dc02bc1","block_type":"box","text":"L'Oreal","page_number":224,"box":{"x":230,"y":831,"width":51,"height":9}},{"id":"e60f3b06-c92a-41d3-9325-3ced071ac322","block_type":"box","text":"317,708","page_number":224,"box":{"x":740,"y":831,"width":59,"height":10}},{"id":"c54cfdb9-ed8c-4bf2-a2f2-57622a50ce0e","block_type":"box","text":"0.25","page_number":224,"box":{"x":925,"y":831,"width":32,"height":9}},{"id":"799224e1-3846-44c3-a8a4-e5b16839f57e","block_type":"box","text":"375","page_number":224,"box":{"x":168,"y":846,"width":27,"height":9}},{"id":"c4638bd2-0fdd-464b-8b0f-d4a66c7135be","block_type":"box","text":"LVMH Moet Hennessy Louis Vuitton","page_number":224,"box":{"x":230,"y":846,"width":265,"height":11}},{"id":"9e275fba-57d8-4550-b53f-1f5882fba601","block_type":"box","text":"159,238","page_number":224,"box":{"x":741,"y":846,"width":58,"height":11}},{"id":"9b3942d0-38e9-491c-9613-79e562aaff00","block_type":"box","text":"0.13","page_number":224,"box":{"x":925,"y":846,"width":31,"height":9}},{"id":"9a622512-4504-43d2-a163-04f593bc340b","block_type":"box","text":"1,992,478","page_number":224,"box":{"x":727,"y":864,"width":72,"height":11}},{"id":"801c7a48-e993-4253-88e8-6d977b62594a","block_type":"box","text":"1.58","page_number":224,"box":{"x":926,"y":864,"width":30,"height":9}},{"id":"f3b963da-6869-4de6-8326-ae6b8dd222e9","block_type":"box","text":"Security","page_number":224,"box":{"x":42,"y":895,"width":66,"height":11}},{"id":"c349b954-4b8c-43a1-a904-d0f95fde3a8f","block_type":"box","text":"2.56% (31 December 2025 - 2.73%)","page_number":224,"box":{"x":108,"y":895,"width":276,"height":11}},{"id":"5d13827b-2af1-4661-b89c-c78696ca4773","block_type":"box","text":"17,483","page_number":224,"box":{"x":146,"y":914,"width":49,"height":10}},{"id":"a2bcd731-47b7-444b-8df5-a41daf0b4413","block_type":"box","text":"Bank of Ireland Group","page_number":224,"box":{"x":230,"y":914,"width":162,"height":11}},{"id":"fcab95d7-0532-4c13-af56-62de77f729be","block_type":"box","text":"259,169","page_number":224,"box":{"x":740,"y":914,"width":59,"height":10}},{"id":"4bc167d0-783d-449d-a05c-5ca1f2e7c0b6","block_type":"box","text":"0.21","page_number":224,"box":{"x":925,"y":914,"width":29,"height":9}},{"id":"ff58d189-dd84-484a-8c1e-3b93a030197f","block_type":"box","text":"20,277","page_number":224,"box":{"x":145,"y":929,"width":50,"height":11}},{"id":"6b9387a0-2b33-4420-999c-fabb284954aa","block_type":"box","text":"BHP Group","page_number":224,"box":{"x":230,"y":929,"width":84,"height":11}},{"id":"c00383c5-e09f-403e-bc82-7326619c1f54","block_type":"box","text":"636,959","page_number":224,"box":{"x":740,"y":929,"width":59,"height":11}},{"id":"51b16764-e902-4eb6-8e26-034fde1f1d87","block_type":"box","text":"0.51","page_number":224,"box":{"x":925,"y":929,"width":29,"height":9}},{"id":"e1254ea4-721f-4839-9a2b-4b62697f0692","block_type":"box","text":"224","page_number":225,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"0b506843-b3b0-496f-908d-14ab23e541f6","block_type":"box","text":"225","page_number":225,"box":{"x":1000,"y":972,"width":0,"height":8}},{"id":"b59e7021-39ee-4d71-90d4-4f4517f8bcd9","block_type":"box","text":"SARASIN Growth Managed","page_number":225,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"8fa9e4c3-f12e-49b8-a240-2bdbe8fbac55","block_type":"box","text":"Portfolio Statement (continued)","page_number":225,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"6df6da2d-3faa-4fb2-b374-3e8c466faad4","block_type":"box","text":"Holding/Nominal Value","page_number":225,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"f39f91e4-cb29-41d4-bb9e-6f1706ec54a6","block_type":"box","text":"Investment","page_number":225,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"a83a9592-2dbe-4533-a282-a3c3a8230e88","block_type":"box","text":"Market","page_number":225,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"eaa81fbe-33b1-476c-addf-0c3cc1144d0a","block_type":"box","text":"Value","page_number":225,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"b1a711f2-1f15-48be-807a-685e9927dfe9","block_type":"box","text":"£","page_number":225,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"ab946676-8e48-4cb0-ad5c-9c0faa8365ec","block_type":"box","text":"% of","page_number":225,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"c120df57-2c2f-478c-bc87-278eb2b474c4","block_type":"box","text":"Net Assets","page_number":225,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"7fe2b87b-7edb-4231-b01b-7679740f551e","block_type":"box","text":"Security (continued)","page_number":225,"box":{"x":42,"y":164,"width":161,"height":11}},{"id":"219b7c93-4948-4ba1-96ac-a6e814aee005","block_type":"box","text":"6,071","page_number":225,"box":{"x":154,"y":183,"width":38,"height":10}},{"id":"47cdcf74-bac1-4592-b1d1-c0198d60383a","block_type":"box","text":"Citigroup","page_number":225,"box":{"x":230,"y":183,"width":65,"height":11}},{"id":"d2bed818-7b30-4409-ac74-aed382d01e73","block_type":"box","text":"635,984","page_number":225,"box":{"x":740,"y":183,"width":59,"height":10}},{"id":"92ac0a61-ad25-4e7e-aefd-05329bd44654","block_type":"box","text":"0.50","page_number":225,"box":{"x":925,"y":183,"width":31,"height":9}},{"id":"4257ae06-5aa7-43e1-8429-06e3cbd3a971","block_type":"box","text":"1,976","page_number":225,"box":{"x":155,"y":198,"width":40,"height":11}},{"id":"6364c5a2-3b7a-478f-b10f-4a9a475547ce","block_type":"box","text":"CME Group","page_number":225,"box":{"x":230,"y":198,"width":87,"height":11}},{"id":"f167af47-c402-4a25-85ab-705d5e5d649e","block_type":"box","text":"349,933","page_number":225,"box":{"x":740,"y":198,"width":59,"height":11}},{"id":"9eb5470f-4935-4009-8341-f1f21807626d","block_type":"box","text":"0.28","page_number":225,"box":{"x":925,"y":198,"width":31,"height":9}},{"id":"806476e5-79d6-4fbd-8b9d-041e88e565bf","block_type":"box","text":"11,900","page_number":225,"box":{"x":147,"y":214,"width":48,"height":10}},{"id":"72b4315c-7e95-4645-87aa-044e6ff1ed8c","block_type":"box","text":"DBS Group","page_number":225,"box":{"x":230,"y":213,"width":84,"height":12}},{"id":"b154c34a-0a2e-46cd-a9cf-3c77f7c4214f","block_type":"box","text":"459,429","page_number":225,"box":{"x":739,"y":214,"width":60,"height":10}},{"id":"573144f4-3c1f-4c17-87af-77558baed721","block_type":"box","text":"0.36","page_number":225,"box":{"x":925,"y":214,"width":31,"height":8}},{"id":"b20ffebf-6666-4881-9338-182e745cc021","block_type":"box","text":"370","page_number":225,"box":{"x":168,"y":229,"width":27,"height":9}},{"id":"2e759934-5fac-453c-a523-c0d7e523440c","block_type":"box","text":"Deere & Company","page_number":225,"box":{"x":230,"y":229,"width":137,"height":11}},{"id":"cca6263c-f468-4b12-990f-e28fb7faf049","block_type":"box","text":"171,985","page_number":225,"box":{"x":741,"y":229,"width":58,"height":10}},{"id":"1c425f50-d60d-447c-8b9b-866839f56437","block_type":"box","text":"0.14","page_number":225,"box":{"x":925,"y":229,"width":31,"height":9}},{"id":"f06793ac-4f48-41d4-8e68-b62079df3869","block_type":"box","text":"1,890","page_number":225,"box":{"x":155,"y":244,"width":40,"height":11}},{"id":"87ac040d-a725-4245-a9e9-f0863001be20","block_type":"box","text":"JPMorgan Chase & Company","page_number":225,"box":{"x":229,"y":244,"width":222,"height":11}},{"id":"7004d1c4-8b09-4740-8c6c-007b3d0272d1","block_type":"box","text":"472,871","page_number":225,"box":{"x":739,"y":244,"width":58,"height":11}},{"id":"e402c444-5da7-4be2-ad69-0bad9aded46c","block_type":"box","text":"0.38","page_number":225,"box":{"x":925,"y":244,"width":31,"height":9}},{"id":"7a8dcfba-c804-4847-8c12-77f103ac9374","block_type":"box","text":"173","page_number":225,"box":{"x":169,"y":260,"width":26,"height":8}},{"id":"a371ab9e-8e9e-4997-85e1-19e36e7515de","block_type":"box","text":"MercadoLibre","page_number":225,"box":{"x":230,"y":260,"width":101,"height":8}},{"id":"ee09ce29-db85-48df-94f2-fc2a89d7538f","block_type":"box","text":"228,316","page_number":225,"box":{"x":740,"y":260,"width":59,"height":10}},{"id":"5558c30b-b686-450e-add6-8180521c1479","block_type":"box","text":"0.18","page_number":225,"box":{"x":925,"y":260,"width":31,"height":8}},{"id":"7c505a56-8fb0-4a50-aca6-78d55636727a","block_type":"box","text":"3,214,646","page_number":225,"box":{"x":726,"y":278,"width":73,"height":10}},{"id":"c743ee49-f410-4ece-ab53-36e13d7cc3d2","block_type":"box","text":"2.56","page_number":225,"box":{"x":925,"y":278,"width":32,"height":8}},{"id":"727e8524-c25f-44c5-a33e-0e425ce0c1a0","block_type":"box","text":"Climate Change","page_number":225,"box":{"x":43,"y":309,"width":125,"height":11}},{"id":"17e4a0c0-4abd-42f8-a926-833d5bb8b609","block_type":"box","text":"0.32% (31 December 2025 - 0.27%)","page_number":225,"box":{"x":169,"y":309,"width":276,"height":11}},{"id":"465733ed-a15a-480c-824c-dd56c63771fe","block_type":"box","text":"975","page_number":225,"box":{"x":168,"y":327,"width":27,"height":9}},{"id":"ff7cb466-9ea5-4960-8580-48808be06f1f","block_type":"box","text":"Linde","page_number":225,"box":{"x":230,"y":327,"width":39,"height":9}},{"id":"cf0874d2-d7e5-4873-a054-75ce2b441eef","block_type":"box","text":"398,810","page_number":225,"box":{"x":740,"y":327,"width":59,"height":11}},{"id":"a3368e17-36ae-470b-8c09-fc6081b42e92","block_type":"box","text":"0.32","page_number":225,"box":{"x":925,"y":327,"width":31,"height":9}},{"id":"0dd1391e-9a13-43ad-af94-e2195623a7ed","block_type":"box","text":"398,810","page_number":225,"box":{"x":740,"y":345,"width":59,"height":11}},{"id":"fe4a0e6f-101f-48aa-8331-08ca457b2277","block_type":"box","text":"0.32","page_number":225,"box":{"x":925,"y":345,"width":31,"height":9}},{"id":"97747eb2-4395-4455-bc79-66b6c99592c9","block_type":"box","text":"Sustained Income","page_number":225,"box":{"x":42,"y":376,"width":143,"height":9}},{"id":"819c30cf-9488-47fb-8587-155980636ddd","block_type":"box","text":"0.47% (31 December 2025 - 0.88%)","page_number":225,"box":{"x":186,"y":376,"width":276,"height":11}},{"id":"653e4aed-b567-4412-8408-4ddf0ba9c78d","block_type":"box","text":"153,573","page_number":225,"box":{"x":137,"y":395,"width":58,"height":10}},{"id":"44ac3972-366c-447d-a045-0b98616bdf84","block_type":"box","text":"3i Infrastructure","page_number":225,"box":{"x":229,"y":395,"width":116,"height":9}},{"id":"f0aaf462-8c61-4dbb-9587-e6f6fc007142","block_type":"box","text":"590,488","page_number":225,"box":{"x":740,"y":395,"width":59,"height":10}},{"id":"a24b505b-d970-481c-aa75-e5a27766d3f7","block_type":"box","text":"0.47","page_number":225,"box":{"x":925,"y":395,"width":31,"height":9}},{"id":"8bac9a56-446d-4a58-9d7a-7dafb446e897","block_type":"box","text":"590,488","page_number":225,"box":{"x":740,"y":413,"width":59,"height":10}},{"id":"41491bb9-5a09-49cb-b94e-8a439230a98b","block_type":"box","text":"0.47","page_number":225,"box":{"x":925,"y":413,"width":31,"height":9}},{"id":"ed8f2e86-64a8-45ae-bd48-aa57eb712178","block_type":"box","text":"Global Exchange Traded Funds","page_number":225,"box":{"x":43,"y":444,"width":249,"height":11}},{"id":"54ceeb1b-9373-420d-a5e0-591ff6161606","block_type":"box","text":"67.38% (31 December 2025 - 68.31%)","page_number":225,"box":{"x":293,"y":444,"width":295,"height":11}},{"id":"3ce33c5d-1708-46d0-9e32-081bb325c1b3","block_type":"box","text":"775,045","page_number":225,"box":{"x":136,"y":462,"width":59,"height":11}},{"id":"7e12343c-4947-42e1-b606-dca6ce27efb8","block_type":"box","text":"Fidelity Global Quality Income UCITS ETF","page_number":225,"box":{"x":230,"y":462,"width":312,"height":12}},{"id":"7e479d98-17ef-49f3-ba90-722b1a1dd6b2","block_type":"box","text":"6,666,866","page_number":225,"box":{"x":726,"y":462,"width":73,"height":11}},{"id":"607063d1-c3cc-41b9-af11-5a9712fe2c87","block_type":"box","text":"5.30","page_number":225,"box":{"x":925,"y":462,"width":31,"height":9}},{"id":"2b9ef06f-ddab-44b6-bf63-ac5519f6498f","block_type":"box","text":"60,801","page_number":225,"box":{"x":145,"y":478,"width":47,"height":10}},{"id":"0dcbb9c1-c461-4cd2-b4bd-8cb6bbf8a416","block_type":"box","text":"iShares Core MSCI Japan IMI UCITS ETF USD","page_number":225,"box":{"x":230,"y":478,"width":358,"height":11}},{"id":"e8f2cc4a-f12b-4efb-bd5b-958f14cccad4","block_type":"box","text":"Accumulation","page_number":225,"box":{"x":229,"y":492,"width":99,"height":9}},{"id":"c0510c7e-705d-4520-bf2a-46c71c5391da","block_type":"box","text":"3,713,117","page_number":225,"box":{"x":727,"y":492,"width":72,"height":10}},{"id":"403460cc-93c2-4b2a-ac05-d61f448ad84f","block_type":"box","text":"2.95","page_number":225,"box":{"x":925,"y":492,"width":32,"height":9}},{"id":"0da99e87-6ddb-4fce-b1dd-01e29a691df3","block_type":"box","text":"126,855","page_number":225,"box":{"x":137,"y":507,"width":58,"height":11}},{"id":"11299b75-6083-4c89-b91f-5ab61c10ff0b","block_type":"box","text":"iShares Core S&P 500 UCITS ETF USD Distribution","page_number":225,"box":{"x":230,"y":507,"width":386,"height":9}},{"id":"572ee877-6a4a-4f78-8e72-76a574fab494","block_type":"box","text":"7,096,268","page_number":225,"box":{"x":726,"y":507,"width":73,"height":11}},{"id":"914e29de-ea3f-4a63-b597-70616da4d672","block_type":"box","text":"5.64","page_number":225,"box":{"x":925,"y":508,"width":31,"height":8}},{"id":"5e410ef6-4621-4b21-a216-ecc4503eb9c5","block_type":"box","text":"2,404","page_number":225,"box":{"x":154,"y":523,"width":41,"height":10}},{"id":"5d0c079a-deb8-4891-af4e-7c67d1f8c47f","block_type":"box","text":"iShares GBP Corp Bond 0-5yr UCITS ETF","page_number":225,"box":{"x":230,"y":523,"width":314,"height":11}},{"id":"3efb5f0e-6273-440d-9558-fad344bf66ba","block_type":"box","text":"245,929","page_number":225,"box":{"x":740,"y":523,"width":59,"height":10}},{"id":"513cccb5-7ad5-4215-9085-93b082ded3ce","block_type":"box","text":"0.19","page_number":225,"box":{"x":925,"y":523,"width":31,"height":9}},{"id":"dc4cd826-8b09-4303-8aa1-f41f62d86d63","block_type":"box","text":"159,255","page_number":225,"box":{"x":137,"y":538,"width":58,"height":11}},{"id":"26595d31-324a-45be-a7f2-e3af8ad7171e","block_type":"box","text":"iShares Global Aerospace & Defence UCITS ETF","page_number":225,"box":{"x":230,"y":538,"width":367,"height":11}},{"id":"8094df67-1e59-4a87-b89f-68cb58796de9","block_type":"box","text":"1,213,364","page_number":225,"box":{"x":727,"y":538,"width":72,"height":11}},{"id":"5008ff18-c670-4da5-af12-d82ddbadd930","block_type":"box","text":"0.96","page_number":225,"box":{"x":925,"y":538,"width":31,"height":9}},{"id":"851cd1c5-a914-4ad6-b6c2-614b6c04a3c9","block_type":"box","text":"20,914","page_number":225,"box":{"x":145,"y":554,"width":50,"height":10}},{"id":"72d27d3a-147c-4bd4-87fe-6c4bdd8afde4","block_type":"box","text":"iShares Global Infrastructure UCITS ETF","page_number":225,"box":{"x":230,"y":553,"width":303,"height":9}},{"id":"4c490974-07c9-4645-89d7-a512645f8a2f","block_type":"box","text":"619,891","page_number":225,"box":{"x":740,"y":554,"width":57,"height":10}},{"id":"f6c5889b-bad4-4bb6-bb73-eb3b5e4e0199","block_type":"box","text":"0.49","page_number":225,"box":{"x":925,"y":554,"width":31,"height":8}},{"id":"7861f422-ad2e-4612-b7c5-4b115a7cfbac","block_type":"box","text":"53,811","page_number":225,"box":{"x":146,"y":569,"width":46,"height":10}},{"id":"6ebaf237-59c3-47b6-b17a-19fdcfe754c6","block_type":"box","text":"iShares JP Morgan EM Local Government Bond UCITS","page_number":225,"box":{"x":230,"y":569,"width":417,"height":11}},{"id":"8702baab-b69e-4d11-a541-aea0c1359e2f","block_type":"box","text":"ETF","page_number":225,"box":{"x":230,"y":583,"width":30,"height":9}},{"id":"31d05618-934a-4c3c-b27d-8737466e1753","block_type":"box","text":"1,868,832","page_number":225,"box":{"x":727,"y":583,"width":72,"height":11}},{"id":"d6de7e7f-c03c-4471-b4b3-a9f12852ba99","block_type":"box","text":"1.49","page_number":225,"box":{"x":926,"y":583,"width":30,"height":9}},{"id":"6f110fde-1fc1-4172-8e0d-b90e9bdb44e6","block_type":"box","text":"17,570","page_number":225,"box":{"x":146,"y":599,"width":49,"height":10}},{"id":"b427b768-f800-49a9-a6d8-7983ef3b95da","block_type":"box","text":"State Street SPDR MSCI All Country World UCITS ETF","page_number":225,"box":{"x":229,"y":598,"width":411,"height":12}},{"id":"ba75f61f-3a04-4435-b92e-b4563986d2ac","block_type":"box","text":"4,248,631","page_number":225,"box":{"x":725,"y":599,"width":72,"height":10}},{"id":"dc9a5ce5-8733-4ae8-ba65-ae5c08215995","block_type":"box","text":"3.38","page_number":225,"box":{"x":925,"y":599,"width":31,"height":8}},{"id":"124faa1c-ca23-4b51-8b51-f9ea2e1c4d7d","block_type":"box","text":"42,473","page_number":225,"box":{"x":144,"y":614,"width":51,"height":10}},{"id":"f7dd16be-e680-4952-871b-d9050ff17cb3","block_type":"box","text":"State Street SPDR Russell 2000 U.S. Small Cap UCITS","page_number":225,"box":{"x":229,"y":614,"width":421,"height":11}},{"id":"34125457-b222-4508-aef8-929da9647e85","block_type":"box","text":"ETF","page_number":225,"box":{"x":230,"y":628,"width":30,"height":9}},{"id":"319ec9e6-3507-439a-b9c7-e6e82e3b0680","block_type":"box","text":"2,787,653","page_number":225,"box":{"x":726,"y":628,"width":73,"height":11}},{"id":"fb9385de-cecb-4bed-a70f-500e9775172b","block_type":"box","text":"2.22","page_number":225,"box":{"x":925,"y":628,"width":31,"height":9}},{"id":"e02434b3-2347-4636-ad63-a933af7ab00e","block_type":"box","text":"30,517","page_number":225,"box":{"x":145,"y":644,"width":50,"height":10}},{"id":"030a7e8c-e6dd-4103-94f1-54d6f5061599","block_type":"box","text":"State Street SPDR S&P 500 UCITS ETF","page_number":225,"box":{"x":229,"y":644,"width":301,"height":8}},{"id":"fdee421b-2468-479e-a2c7-1fbc4a578777","block_type":"box","text":"17,113,507","page_number":225,"box":{"x":719,"y":644,"width":80,"height":10}},{"id":"1d894dcc-b357-4807-b331-8e5b70aa37f5","block_type":"box","text":"13.60","page_number":225,"box":{"x":917,"y":644,"width":39,"height":8}},{"id":"2574a26e-a47e-4dd2-abac-264ce909a670","block_type":"box","text":"78,266","page_number":225,"box":{"x":145,"y":659,"width":50,"height":10}},{"id":"fae48307-8098-4052-95cf-40046023338c","block_type":"box","text":"Vanguard FTSE 100 UCITS ETF","page_number":225,"box":{"x":229,"y":659,"width":242,"height":11}},{"id":"1d244d07-d364-46c6-ad28-69129d956a54","block_type":"box","text":"3,616,281","page_number":225,"box":{"x":726,"y":659,"width":71,"height":10}},{"id":"dfd9cbcb-d71e-43c7-be58-188da29c3129","block_type":"box","text":"2.87","page_number":225,"box":{"x":925,"y":659,"width":31,"height":9}},{"id":"5ae00892-0175-435b-89b2-e018cc16e9cc","block_type":"box","text":"65,713","page_number":225,"box":{"x":145,"y":674,"width":50,"height":11}},{"id":"c266bf5a-eadc-40e6-81a9-a02d7079cb16","block_type":"box","text":"Vanguard FTSE Developed Asia Pacific ex Japan UCITS","page_number":225,"box":{"x":229,"y":674,"width":427,"height":11}},{"id":"3d6d16a7-61f0-44b8-9c29-8b490586b552","block_type":"box","text":"ETF","page_number":225,"box":{"x":230,"y":689,"width":30,"height":8}},{"id":"1185fb2a-926b-4f9b-bbbe-7e153060d2ba","block_type":"box","text":"2,178,502","page_number":225,"box":{"x":726,"y":689,"width":73,"height":10}},{"id":"f7175b9c-b9fd-40b1-a80a-9d2ead1ab1bf","block_type":"box","text":"1.73","page_number":225,"box":{"x":926,"y":689,"width":30,"height":8}},{"id":"9293fdfa-9904-4f52-b21e-fd8848953ee4","block_type":"box","text":"145,750","page_number":225,"box":{"x":137,"y":704,"width":58,"height":10}},{"id":"f5206a4e-c2cf-497d-b7f5-97afe3400d3e","block_type":"box","text":"Vanguard FTSE Developed Europe ex UK UCITS ETF","page_number":225,"box":{"x":229,"y":704,"width":404,"height":11}},{"id":"4190f343-58e6-4fdf-9463-c3c4e4fbcf87","block_type":"box","text":"6,346,684","page_number":225,"box":{"x":726,"y":704,"width":73,"height":10}},{"id":"37394f08-3900-4335-9492-16328af24b48","block_type":"box","text":"5.05","page_number":225,"box":{"x":925,"y":704,"width":32,"height":9}},{"id":"761fa6d9-e701-4961-95e4-f9a37e4cfaf4","block_type":"box","text":"21,203","page_number":225,"box":{"x":145,"y":719,"width":50,"height":11}},{"id":"16535738-94c0-4f11-a734-d45a6967b09b","block_type":"box","text":"Vanguard Global Aggregate Bond UCITS ETF","page_number":225,"box":{"x":229,"y":719,"width":340,"height":11}},{"id":"5ea41e25-2b4e-4831-9768-da0e6d0ac40e","block_type":"box","text":"474,735","page_number":225,"box":{"x":739,"y":719,"width":60,"height":11}},{"id":"2aa5eec3-5d3f-485d-806e-d33c7c3d96d6","block_type":"box","text":"0.38","page_number":225,"box":{"x":925,"y":719,"width":31,"height":9}},{"id":"0a26b70c-4b83-4e3f-a36f-97ee3f970bcc","block_type":"box","text":"148,391","page_number":225,"box":{"x":137,"y":735,"width":55,"height":10}},{"id":"74a3a7d3-ebae-47ea-8045-84ade6f0f617","block_type":"box","text":"Xtrackers MSCI Emerging Markets UCITS ETF","page_number":225,"box":{"x":229,"y":734,"width":349,"height":12}},{"id":"af6366ba-d7bd-41be-ab2c-5de916286b5f","block_type":"box","text":"10,450,413","page_number":225,"box":{"x":718,"y":735,"width":81,"height":10}},{"id":"c41ccb5a-90a4-4b12-9fe0-4af59abe2eb5","block_type":"box","text":"8.31","page_number":225,"box":{"x":925,"y":735,"width":29,"height":8}},{"id":"d4d5d1ef-938b-4114-b54f-447b8ad15b8d","block_type":"box","text":"32,430","page_number":225,"box":{"x":145,"y":750,"width":50,"height":10}},{"id":"6ab53cb4-dbf5-4000-890b-2c669dde80a7","block_type":"box","text":"Xtrackers MSCI Europe Small Cap UCITS ETF","page_number":225,"box":{"x":229,"y":750,"width":349,"height":11}},{"id":"e1c46b58-bae8-4a31-be12-f3cbe419506a","block_type":"box","text":"2,051,197","page_number":225,"box":{"x":726,"y":750,"width":73,"height":10}},{"id":"b12aac0d-18c7-4054-b1e0-5f3a2983703f","block_type":"box","text":"1.63","page_number":225,"box":{"x":926,"y":750,"width":30,"height":9}},{"id":"251f08e1-f5ff-4a38-9787-88f75cc0793d","block_type":"box","text":"112,262","page_number":225,"box":{"x":138,"y":765,"width":57,"height":11}},{"id":"3f0027ea-6dde-4fe4-b051-2c3df7b02e31","block_type":"box","text":"Xtrackers S&P 500 UCITS ETF","page_number":225,"box":{"x":229,"y":765,"width":232,"height":9}},{"id":"991f69aa-4162-4472-9add-7f07bf8d31b0","block_type":"box","text":"14,079,900","page_number":225,"box":{"x":718,"y":765,"width":81,"height":11}},{"id":"6ac94586-c52e-4e86-b289-eeee3deddb2f","block_type":"box","text":"11.19","page_number":225,"box":{"x":918,"y":765,"width":38,"height":9}},{"id":"97daac67-3a91-4368-8fd7-ad7d1caa6284","block_type":"box","text":"84,771,770","page_number":225,"box":{"x":717,"y":783,"width":82,"height":11}},{"id":"7a084447-6fd2-4fc7-95d1-5244c294f322","block_type":"box","text":"67.38","page_number":225,"box":{"x":916,"y":783,"width":40,"height":9}},{"id":"97a795e6-7901-45ba-94d4-72250bfdee3d","block_type":"box","text":"Global Exchange Traded Commodities","page_number":225,"box":{"x":43,"y":814,"width":305,"height":11}},{"id":"5a1adb63-17bf-40f5-a4f4-1adf7bb13f34","block_type":"box","text":"2.00% (31 December 2025 - 4.30%)","page_number":225,"box":{"x":354,"y":814,"width":271,"height":11}},{"id":"bf6b5b09-a814-45eb-9c26-1a340d1656a6","block_type":"box","text":"21,287","page_number":225,"box":{"x":145,"y":833,"width":50,"height":10}},{"id":"83954b26-1b7c-4ea4-994b-b9bf89e27839","block_type":"box","text":"Invesco Physical Gold","page_number":225,"box":{"x":230,"y":833,"width":163,"height":11}},{"id":"e19f888a-df15-4c58-8836-2e1aad902be2","block_type":"box","text":"1,924,345","page_number":225,"box":{"x":727,"y":833,"width":72,"height":10}},{"id":"d7c07330-0f8e-478f-9127-31dc9a6a9a73","block_type":"box","text":"1.53","page_number":225,"box":{"x":926,"y":833,"width":30,"height":9}},{"id":"e42ecda8-a8df-47cb-b791-440bf7da4adc","block_type":"box","text":"41,829","page_number":225,"box":{"x":144,"y":848,"width":51,"height":11}},{"id":"e0ac686d-a620-49b0-ab62-dbeb59b82e04","block_type":"box","text":"WisdomTree Industrial Metals","page_number":225,"box":{"x":229,"y":848,"width":221,"height":9}},{"id":"43b298a5-2fd3-489a-ae73-f17a1a6a1ff0","block_type":"box","text":"587,469","page_number":225,"box":{"x":740,"y":848,"width":59,"height":11}},{"id":"e1c8a2a4-a180-451a-b113-5772caae8d58","block_type":"box","text":"0.47","page_number":225,"box":{"x":925,"y":848,"width":31,"height":9}},{"id":"6534f7f5-83ac-43f8-8328-e08c8a8dfe0d","block_type":"box","text":"2,511,814","page_number":225,"box":{"x":727,"y":866,"width":73,"height":11}},{"id":"b47a2ce4-2bb8-4c56-b954-bff59486e9f6","block_type":"box","text":"2.00","page_number":225,"box":{"x":925,"y":866,"width":31,"height":9}},{"id":"ca42a302-c27a-43f6-becb-355d9b970111","block_type":"box","text":"Global Collective Investment Schemes","page_number":225,"box":{"x":43,"y":897,"width":306,"height":9}},{"id":"621a9de0-c5eb-4afe-9a5a-f45d0744a947","block_type":"box","text":"8.28% (31 December 2025 - 4.08%)","page_number":225,"box":{"x":350,"y":897,"width":276,"height":11}},{"id":"d255a486-bbb4-4bc7-99f8-3585d1a5e6d5","block_type":"box","text":"2,495","page_number":225,"box":{"x":154,"y":916,"width":41,"height":10}},{"id":"552d6eea-4888-4970-bce3-e2af2182d964","block_type":"box","text":"AXA World Funds - US High Yield Bonds","page_number":225,"box":{"x":229,"y":916,"width":302,"height":11}},{"id":"b70ad363-9972-44da-8ba9-e37848c01c29","block_type":"box","text":"229,323","page_number":225,"box":{"x":740,"y":916,"width":59,"height":10}},{"id":"a9e83028-20f2-40ec-b554-4835f4ae1e4c","block_type":"box","text":"0.18","page_number":225,"box":{"x":925,"y":916,"width":31,"height":9}},{"id":"cd4fbe3b-3a6a-4544-9b1c-8ca920eac30b","block_type":"box","text":"105,727","page_number":225,"box":{"x":137,"y":931,"width":58,"height":11}},{"id":"80e23e76-76fd-480b-93c0-4927c01bdef1","block_type":"box","text":"Brown Advisory US Mid-Cap Growth Fund","page_number":225,"box":{"x":230,"y":931,"width":311,"height":11}},{"id":"738a7f4c-c75e-45eb-9a96-c1c1a7fe4324","block_type":"box","text":"2,328,099","page_number":225,"box":{"x":726,"y":931,"width":73,"height":11}},{"id":"a2cdba13-0352-4694-ad10-67eaf38afb24","block_type":"box","text":"1.85","page_number":225,"box":{"x":926,"y":931,"width":31,"height":9}},{"id":"73ca87a7-abb4-4c04-990a-978d48a3d874","block_type":"box","text":"225","page_number":226,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"ce69aa5e-ddf4-4ad5-a1e2-013b37bfb06e","block_type":"box","text":"SARASIN Growth Managed","page_number":226,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"9eae1e00-760a-4952-a346-e797796b57f3","block_type":"box","text":"Portfolio Statement (continued)","page_number":226,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"e815fe87-3153-41a0-8707-3b3a3b998980","block_type":"box","text":"Holding/Nominal Value","page_number":226,"box":{"x":51,"y":132,"width":144,"height":9}},{"id":"19b86020-573e-4239-bbb2-be6247f23001","block_type":"box","text":"Investment","page_number":226,"box":{"x":230,"y":132,"width":69,"height":7}},{"id":"18756c45-f88d-4744-8002-f0326b4f997d","block_type":"box","text":"Market","page_number":226,"box":{"x":758,"y":110,"width":42,"height":6}},{"id":"47ae76be-6501-4918-b250-1e2e4e575eae","block_type":"box","text":"Value","page_number":226,"box":{"x":765,"y":121,"width":34,"height":7}},{"id":"8b9b6f02-faa5-48bf-8853-ebb80b9d8f42","block_type":"box","text":"£","page_number":226,"box":{"x":793,"y":132,"width":7,"height":7}},{"id":"056db952-69b4-4b75-b21f-95f3b4918737","block_type":"box","text":"% of","page_number":226,"box":{"x":929,"y":121,"width":29,"height":7}},{"id":"d1c85a0a-0a70-4827-95f9-8dd6d32c9f29","block_type":"box","text":"Net Assets","page_number":226,"box":{"x":889,"y":132,"width":68,"height":7}},{"id":"a7c4bee2-463c-4c7d-9128-b712b1c992ed","block_type":"box","text":"Global Collective Investment Schemes (continued)","page_number":226,"box":{"x":43,"y":164,"width":402,"height":11}},{"id":"76e548dc-589e-494a-b273-cef56ff7d5eb","block_type":"box","text":"8,726","page_number":226,"box":{"x":154,"y":183,"width":41,"height":10}},{"id":"4f35ffc2-2c95-4335-ba67-8a1785e8d64d","block_type":"box","text":"Coremont Investment Fund - Brevan Howard Absolute","page_number":226,"box":{"x":230,"y":183,"width":407,"height":9}},{"id":"5f43940b-78c4-4930-b988-836c900f3451","block_type":"box","text":"Return Government Bond Fund Class 'A2' GBP","page_number":226,"box":{"x":230,"y":197,"width":356,"height":9}},{"id":"432cd365-cd89-4228-87af-92e37d3f02d0","block_type":"box","text":"Accumulation","page_number":226,"box":{"x":229,"y":211,"width":99,"height":9}},{"id":"6b78c281-1f78-4302-bc81-87e02f288894","block_type":"box","text":"1,085,747","page_number":226,"box":{"x":727,"y":211,"width":72,"height":11}},{"id":"48712d9f-3bd7-490c-a290-b77d30cabe5c","block_type":"box","text":"0.86","page_number":226,"box":{"x":925,"y":211,"width":31,"height":9}},{"id":"e9812da5-035e-4bf8-8366-bbba163f3b4c","block_type":"box","text":"11,598","page_number":226,"box":{"x":147,"y":227,"width":48,"height":10}},{"id":"153764f9-9278-4774-9bbe-a79f93bfc9e5","block_type":"box","text":"MAN Funds - Man Japan CoreAlpha Equity","page_number":226,"box":{"x":230,"y":227,"width":321,"height":11}},{"id":"04a7ab01-85ef-4056-b537-2cc9b803fa32","block_type":"box","text":"1,608,400","page_number":226,"box":{"x":727,"y":227,"width":72,"height":10}},{"id":"72410944-0461-4ac4-b0ee-68cdb8c039f0","block_type":"box","text":"1.28","page_number":226,"box":{"x":926,"y":227,"width":30,"height":8}},{"id":"8c2ff967-c35c-4fd3-88cd-78f6f189e538","block_type":"box","text":"10,127","page_number":226,"box":{"x":146,"y":242,"width":49,"height":10}},{"id":"05fa6b4c-cddb-4382-a687-7f6936df3dd0","block_type":"box","text":"Muzinich Global Tactical Credit Fund","page_number":226,"box":{"x":230,"y":242,"width":270,"height":9}},{"id":"d2d9eb61-2669-4662-9382-11437572ee79","block_type":"box","text":"932,004","page_number":226,"box":{"x":740,"y":242,"width":59,"height":10}},{"id":"432fc595-f7b3-46ac-95f8-2727e473dc0f","block_type":"box","text":"0.74","page_number":226,"box":{"x":925,"y":242,"width":31,"height":9}},{"id":"84c196cc-1079-424e-bbaa-8526aa684b71","block_type":"box","text":"49,744","page_number":226,"box":{"x":144,"y":257,"width":51,"height":11}},{"id":"1bebdb28-24cf-4941-aa1c-f2baa283f4a0","block_type":"box","text":"PIMCO GIS Global Bond ESG Fund","page_number":226,"box":{"x":230,"y":257,"width":266,"height":9}},{"id":"0d5e4949-2332-41cf-82b7-10db0c25221f","block_type":"box","text":"475,551","page_number":226,"box":{"x":739,"y":257,"width":58,"height":11}},{"id":"1a835474-2525-4c2d-9822-7eada52d3b8e","block_type":"box","text":"0.38","page_number":226,"box":{"x":925,"y":257,"width":31,"height":9}},{"id":"1df27eeb-500f-443f-9126-8cb5cc5998f6","block_type":"box","text":"9,129","page_number":226,"box":{"x":154,"y":273,"width":41,"height":10}},{"id":"111b1da5-df4e-44f1-97f9-b25fd98a35bb","block_type":"box","text":"Redwheel Next Generation EM Equity Fund","page_number":226,"box":{"x":230,"y":273,"width":323,"height":11}},{"id":"7e3b85d1-3fa4-4c68-a4e9-faea4071cf50","block_type":"box","text":"1,516,821","page_number":226,"box":{"x":727,"y":273,"width":70,"height":10}},{"id":"c600d077-4238-40a0-9d82-b3ee0be7fc75","block_type":"box","text":"1.20","page_number":226,"box":{"x":926,"y":273,"width":30,"height":9}},{"id":"8d5b5d4d-612a-4b58-9824-c1647e8017bc","block_type":"box","text":"1,847,795","page_number":226,"box":{"x":123,"y":288,"width":72,"height":10}},{"id":"9b2ef8da-aee5-4c60-9ea5-11042d26d93b","block_type":"box","text":"Schroder Asian Income Fund","page_number":226,"box":{"x":229,"y":288,"width":215,"height":9}},{"id":"c828d3c5-976d-4e86-9711-fbb9799b3768","block_type":"box","text":"2,250,614","page_number":226,"box":{"x":726,"y":288,"width":73,"height":10}},{"id":"d687a3d8-51ee-44c7-98fa-2c3f3f465a71","block_type":"box","text":"1.79","page_number":226,"box":{"x":926,"y":288,"width":30,"height":9}},{"id":"e51f11af-9098-4ded-9083-3a5ba0d3ebd5","block_type":"box","text":"10,426,559","page_number":226,"box":{"x":717,"y":306,"width":82,"height":11}},{"id":"8b5581b0-0faa-4895-b000-18b29a3e664e","block_type":"box","text":"8.28","page_number":226,"box":{"x":925,"y":306,"width":31,"height":9}},{"id":"f5715c66-4db1-40e6-8d15-49c8c29b7b75","block_type":"box","text":"UK Collective Investment Schemes","page_number":226,"box":{"x":43,"y":337,"width":278,"height":9}},{"id":"e1b8f949-f440-4302-8834-c43cc6bb8112","block_type":"box","text":"2.36% (31 December 2025 - 3.51%)","page_number":226,"box":{"x":322,"y":337,"width":276,"height":11}},{"id":"5be2619a-b43e-49a1-ad10-ef60e98790c2","block_type":"box","text":"916,525","page_number":226,"box":{"x":135,"y":356,"width":60,"height":10}},{"id":"6ffcfcb4-fc35-4836-812f-067d71e3b262","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z","page_number":226,"box":{"x":229,"y":356,"width":386,"height":11}},{"id":"2e880ff8-95da-4839-b666-f805e3396568","block_type":"box","text":"Income","page_number":226,"box":{"x":230,"y":370,"width":53,"height":9}},{"id":"ff4150e6-09aa-4ed3-bd26-f3b780ae440a","block_type":"box","text":"1","page_number":226,"box":{"x":285,"y":370,"width":2,"height":5}},{"id":"ba726775-f56b-4d97-82dd-bb9ef3151d7c","block_type":"box","text":"783,079","page_number":226,"box":{"x":740,"y":370,"width":59,"height":10}},{"id":"78ee341b-4d5b-4313-a8ef-93dfc1af4906","block_type":"box","text":"0.62","page_number":226,"box":{"x":925,"y":370,"width":31,"height":9}},{"id":"7cf3a060-df66-45ba-9d60-af121ba84b55","block_type":"box","text":"1,524,087","page_number":226,"box":{"x":123,"y":385,"width":72,"height":11}},{"id":"6f1bc314-ad39-481f-b545-9d605b42453e","block_type":"box","text":"Trojan Fund X Income","page_number":226,"box":{"x":229,"y":385,"width":165,"height":12}},{"id":"c173c889-a789-4a84-9f09-3bc78a90defd","block_type":"box","text":"2,188,285","page_number":226,"box":{"x":726,"y":385,"width":73,"height":11}},{"id":"6069cb4e-fdf9-488c-ac78-890264e56e48","block_type":"box","text":"1.74","page_number":226,"box":{"x":926,"y":385,"width":30,"height":9}},{"id":"2326bba6-2b55-4ec9-b166-0af42fe70907","block_type":"box","text":"2,971,364","page_number":226,"box":{"x":726,"y":403,"width":74,"height":11}},{"id":"845454a6-fbf2-4aed-bcb1-40228c35c3a1","block_type":"box","text":"2.36","page_number":226,"box":{"x":925,"y":403,"width":32,"height":9}},{"id":"b592e49d-8314-4893-a1c0-17f6207c6402","block_type":"box","text":"UK Gilts","page_number":226,"box":{"x":43,"y":434,"width":64,"height":9}},{"id":"9fcc8885-8f54-492b-bd99-96a7d6167628","block_type":"box","text":"3.72% (31 December 2025 - 1.87%)","page_number":226,"box":{"x":108,"y":434,"width":276,"height":11}},{"id":"6e4a61ac-a714-4b16-afc1-df4edd0935c7","block_type":"box","text":"£747,060","page_number":226,"box":{"x":126,"y":453,"width":69,"height":10}},{"id":"3f5a4aee-3566-4d2e-9e86-0ef1536ec6f1","block_type":"box","text":"United Kingdom Gilt 4.25% 07/12/2040","page_number":226,"box":{"x":230,"y":453,"width":288,"height":11}},{"id":"6f4996a5-fb27-4b34-bd97-42bbc1258e4d","block_type":"box","text":"677,023","page_number":226,"box":{"x":740,"y":453,"width":59,"height":10}},{"id":"88a4e3c8-0bf5-41c5-b10d-8e21922343c0","block_type":"box","text":"0.54","page_number":226,"box":{"x":925,"y":453,"width":31,"height":9}},{"id":"eb224254-986d-4b6f-9503-3889f047d34b","block_type":"box","text":"£640,550","page_number":226,"box":{"x":126,"y":468,"width":69,"height":11}},{"id":"bc863f1b-5152-4c66-87eb-9c45b72e53a3","block_type":"box","text":"United Kingdom Gilt 4.375% 31/07/2054","page_number":226,"box":{"x":230,"y":468,"width":298,"height":12}},{"id":"c6c78958-d6bf-4f95-a13b-6561ddf0c7b8","block_type":"box","text":"535,074","page_number":226,"box":{"x":740,"y":468,"width":59,"height":11}},{"id":"98e99864-49b8-4172-9bbc-aca8a165e522","block_type":"box","text":"0.43","page_number":226,"box":{"x":925,"y":468,"width":31,"height":9}},{"id":"8f60ec06-ea85-4b22-a371-34000b87a3f3","block_type":"box","text":"£914,410","page_number":226,"box":{"x":126,"y":484,"width":69,"height":10}},{"id":"d3e328f4-639c-40b9-8b93-ab6d1091185a","block_type":"box","text":"United Kingdom Gilt 4.50% 07/06/2028","page_number":226,"box":{"x":230,"y":484,"width":288,"height":11}},{"id":"e60fed24-9547-4524-93d8-85fb6764c864","block_type":"box","text":"920,694","page_number":226,"box":{"x":740,"y":484,"width":59,"height":10}},{"id":"bd3c361a-a3ad-4f86-8fe8-5e23a0d63bcb","block_type":"box","text":"0.73","page_number":226,"box":{"x":925,"y":484,"width":31,"height":9}},{"id":"031fca99-1d3d-43b1-aaa5-f14787e0ed44","block_type":"box","text":"£1,350,224","page_number":226,"box":{"x":112,"y":499,"width":83,"height":10}},{"id":"1c3ffc10-73cc-4d0a-bdcf-74260ffb2343","block_type":"box","text":"United Kingdom Gilt 4.50% 07/09/2034","page_number":226,"box":{"x":230,"y":499,"width":288,"height":11}},{"id":"1d29eb30-5f4d-4504-a78f-263bf92b8d17","block_type":"box","text":"1,338,310","page_number":226,"box":{"x":727,"y":499,"width":72,"height":10}},{"id":"b4b01eb3-032d-489b-8c7a-951a67ed44d1","block_type":"box","text":"1.06","page_number":226,"box":{"x":926,"y":499,"width":30,"height":9}},{"id":"fc129c5d-8a66-4e49-8bbf-ea712495ca9d","block_type":"box","text":"£572,200","page_number":226,"box":{"x":126,"y":514,"width":69,"height":11}},{"id":"8427152f-3a07-4106-b1a9-14fa7c8ae4f5","block_type":"box","text":"United Kingdom Gilt 4.75% 22/10/2043","page_number":226,"box":{"x":230,"y":514,"width":288,"height":12}},{"id":"bdb56139-a624-481d-86a7-d963282dc3e6","block_type":"box","text":"533,033","page_number":226,"box":{"x":740,"y":514,"width":59,"height":11}},{"id":"442b5625-1601-44b2-a684-6fde2f1d0f61","block_type":"box","text":"0.42","page_number":226,"box":{"x":925,"y":514,"width":31,"height":9}},{"id":"30b76dbd-9e9d-4bd4-a8ff-627a0d562881","block_type":"box","text":"£645,926","page_number":226,"box":{"x":126,"y":530,"width":69,"height":10}},{"id":"68ec0a1f-ff3f-4a76-a5fc-1d4c083b60b0","block_type":"box","text":"United Kingdom Gilt 6.00% 07/12/2028","page_number":226,"box":{"x":230,"y":530,"width":288,"height":11}},{"id":"b3d68eb6-b5f5-48ee-9b25-1bf654dc82d9","block_type":"box","text":"674,909","page_number":226,"box":{"x":740,"y":530,"width":59,"height":10}},{"id":"88b49170-f9db-4303-895c-751b18691229","block_type":"box","text":"0.54","page_number":226,"box":{"x":925,"y":530,"width":31,"height":9}},{"id":"0612f882-0ed5-422e-b55a-70df0702f9aa","block_type":"box","text":"4,679,043","page_number":226,"box":{"x":726,"y":548,"width":73,"height":10}},{"id":"8dd8f70f-4914-4036-a8f9-65e9374185eb","block_type":"box","text":"3.72","page_number":226,"box":{"x":925,"y":548,"width":31,"height":8}},{"id":"127996ab-e4c1-4556-a447-d2b81fe27cd1","block_type":"box","text":"Options","page_number":226,"box":{"x":43,"y":579,"width":61,"height":11}},{"id":"efbd57cc-48e2-4d55-af9c-780360eec583","block_type":"box","text":"0.12% (31 December 2025 - 0.00%)","page_number":226,"box":{"x":110,"y":579,"width":271,"height":11}},{"id":"c05218a8-966d-43e0-ada0-f8eecec8421a","block_type":"box","text":"19","page_number":226,"box":{"x":179,"y":597,"width":16,"height":9}},{"id":"1f961f12-d374-439e-af50-d5c6190a5a80","block_type":"box","text":"Put 7200 on S&P 500 Index Option 18/09/2026","page_number":226,"box":{"x":230,"y":597,"width":348,"height":11}},{"id":"743173bc-73b4-43e5-89a4-b2aad8a45443","block_type":"box","text":"148,928","page_number":226,"box":{"x":741,"y":597,"width":58,"height":11}},{"id":"800736ca-e3b7-4303-b352-4898f642593a","block_type":"box","text":"0.12","page_number":226,"box":{"x":925,"y":597,"width":31,"height":9}},{"id":"6071a6cb-c902-4e44-ba05-f96413e4f7c1","block_type":"box","text":"148,928","page_number":226,"box":{"x":741,"y":615,"width":58,"height":11}},{"id":"c25baba8-fb8b-48e8-b346-3b05421a55ec","block_type":"box","text":"0.12","page_number":226,"box":{"x":925,"y":615,"width":31,"height":9}},{"id":"5d6e4bdb-e3bb-4391-8a92-311d92d4fb00","block_type":"box","text":"Total Value of Investments 98.27%","page_number":226,"box":{"x":229,"y":656,"width":271,"height":9}},{"id":"23f19db6-9bb8-44d3-ab3c-2ff144bf76a9","block_type":"box","text":"(31 December 2025 - 98.61%)","page_number":226,"box":{"x":230,"y":671,"width":227,"height":11}},{"id":"27a4da99-59ef-401b-86e4-727b9c7e8622","block_type":"box","text":"123,625,571","page_number":226,"box":{"x":708,"y":671,"width":89,"height":10}},{"id":"f70703d5-0529-4c35-8b6a-6fbc5c99d20f","block_type":"box","text":"98.27","page_number":226,"box":{"x":916,"y":671,"width":40,"height":9}},{"id":"0fe92cbb-b510-4105-aef3-e3fc9f02ac0b","block_type":"box","text":"Net Other Assets","page_number":226,"box":{"x":230,"y":687,"width":134,"height":8}},{"id":"d49c2a94-e811-40da-8c9b-9c1479e5e362","block_type":"box","text":"2,180,772","page_number":226,"box":{"x":726,"y":686,"width":73,"height":11}},{"id":"aa25311f-e654-4c9a-aa8c-507d2f50727c","block_type":"box","text":"1.73","page_number":226,"box":{"x":926,"y":686,"width":30,"height":9}},{"id":"9865db04-2176-4cfa-ba8d-9d8ccb6c5e00","block_type":"box","text":"Net assets","page_number":226,"box":{"x":230,"y":705,"width":82,"height":8}},{"id":"0eef23a8-93ed-49a0-b323-bd7389f0761e","block_type":"box","text":"125,806,343","page_number":226,"box":{"x":708,"y":704,"width":91,"height":11}},{"id":"1aebacbf-7b86-43d9-b016-413b8b49c4a4","block_type":"box","text":"100.00","page_number":226,"box":{"x":907,"y":704,"width":49,"height":9}},{"id":"9d435941-8e0f-4f7b-9164-3f1fb0cf9374","block_type":"box","text":"1","page_number":226,"box":{"x":43,"y":739,"width":1,"height":3}},{"id":"cf2ef7c7-8523-4ad1-b777-1a21ac0b596a","block_type":"box","text":"Related party holding","page_number":226,"box":{"x":47,"y":739,"width":109,"height":8}},{"id":"56251cd7-cdfc-4010-89dc-ac185691ba91","block_type":"box","text":".","page_number":226,"box":{"x":158,"y":744,"width":2,"height":1}},{"id":"70ff25b2-f91e-4209-80a6-85899fefea44","block_type":"box","text":"All holdings are ordinary shares of stock or bonds and are listed on an official stock exchange unless otherwise stated.","page_number":226,"box":{"x":42,"y":759,"width":876,"height":11}},{"id":"0634782a-58ac-4f9a-9056-7f5f9e273d38","block_type":"box","text":"226","page_number":227,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"b33e7fd8-a314-4c8a-8c18-885a29341061","block_type":"box","text":"SARASIN Growth Managed","page_number":227,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"e995db05-f182-4013-a6d4-7bbee6d11d11","block_type":"box","text":"Portfolio Statement (continued)","page_number":227,"box":{"x":43,"y":79,"width":299,"height":14}},{"id":"a80e72ec-2d03-4b51-be9a-6f54bca4bd56","block_type":"box","text":"Asset Allocation of Portfolio of Investments is as follows:","page_number":227,"box":{"x":42,"y":122,"width":416,"height":9}},{"id":"bd7717b4-7349-40c1-be8c-ef70fd8d3246","block_type":"box","text":"Bonds","page_number":227,"box":{"x":230,"y":137,"width":46,"height":9}},{"id":"98396088-a881-40c5-b058-d8b1ae3f7b87","block_type":"box","text":"4,679,043","page_number":227,"box":{"x":726,"y":137,"width":73,"height":10}},{"id":"39a9d595-d6a7-4413-afac-5657b7741239","block_type":"box","text":"3.72","page_number":227,"box":{"x":925,"y":137,"width":31,"height":9}},{"id":"47b525f1-c532-4483-beb3-8c4dfb537d1c","block_type":"box","text":"Collective Investment Schemes","page_number":227,"box":{"x":230,"y":152,"width":233,"height":9}},{"id":"49e8f021-9939-4f61-9d0a-ac7d9109eac2","block_type":"box","text":"100,681,507","page_number":227,"box":{"x":709,"y":152,"width":90,"height":11}},{"id":"3ac7afcf-de81-4a80-b42a-2559b647b008","block_type":"box","text":"80.03","page_number":227,"box":{"x":916,"y":152,"width":40,"height":9}},{"id":"5c2d92a9-5254-4ff5-ad69-d27ca1cba223","block_type":"box","text":"Derivatives","page_number":227,"box":{"x":230,"y":168,"width":81,"height":9}},{"id":"48458144-a5f3-4ae2-8f6e-d50c012a78e0","block_type":"box","text":"148,928","page_number":227,"box":{"x":741,"y":168,"width":58,"height":10}},{"id":"11a5bc10-6cbc-4ab7-9ec4-73e668d091cd","block_type":"box","text":"0.12","page_number":227,"box":{"x":925,"y":168,"width":31,"height":9}},{"id":"b5e3b614-0086-4a16-ae1b-91575d0603a1","block_type":"box","text":"Equities","page_number":227,"box":{"x":230,"y":183,"width":58,"height":11}},{"id":"78410b10-d47f-459b-b0f6-deb7f9f1f99b","block_type":"box","text":"18,116,093","page_number":227,"box":{"x":719,"y":183,"width":80,"height":11}},{"id":"1ca16372-635d-4375-bc83-9897ec67688d","block_type":"box","text":"14.40","page_number":227,"box":{"x":917,"y":183,"width":39,"height":9}},{"id":"47e173d9-d46d-4840-958a-56b9fd1a3814","block_type":"box","text":"Net Other Assets","page_number":227,"box":{"x":230,"y":198,"width":125,"height":9}},{"id":"389d693e-8b69-450b-b4ac-0fadd3278ff6","block_type":"box","text":"2,180,772","page_number":227,"box":{"x":726,"y":199,"width":73,"height":10}},{"id":"89971fd4-9e33-4658-8abf-087fcfebef95","block_type":"box","text":"1.73","page_number":227,"box":{"x":926,"y":199,"width":30,"height":8}},{"id":"22b991df-5fbf-4329-8ddf-62ac3333f2f3","block_type":"box","text":"125,806,343","page_number":227,"box":{"x":708,"y":217,"width":91,"height":10}},{"id":"cc91a088-9639-4541-83bb-b5858d9bad93","block_type":"box","text":"100.00","page_number":227,"box":{"x":907,"y":217,"width":49,"height":8}},{"id":"d2cc5e8a-1df2-4098-aed9-36899c4f45d1","block_type":"box","text":"Debt Security Allocation of Portfolio of Investments is as follows: (Sourced from Bloomberg)","page_number":227,"box":{"x":43,"y":249,"width":677,"height":11}},{"id":"e93002f7-c604-46f4-8c9f-34ff6e2a2bd0","block_type":"box","text":"Percentage of Debt Securities above investment grade","page_number":227,"box":{"x":230,"y":265,"width":405,"height":11}},{"id":"ff5eca48-17b4-4c10-9f6e-0d2c08862b9e","block_type":"box","text":"80.79","page_number":227,"box":{"x":916,"y":265,"width":40,"height":8}},{"id":"309dca8b-3d89-4313-8f27-853b663026e2","block_type":"box","text":"Percentage of Debt Securities below investment grade","page_number":227,"box":{"x":230,"y":280,"width":403,"height":11}},{"id":"4800809e-626b-4816-812e-7ac41fe7a216","block_type":"box","text":"(sub BBB- or unrated)","page_number":227,"box":{"x":230,"y":294,"width":162,"height":11}},{"id":"e056cd49-9966-4e80-9045-f91d5803fc02","block_type":"box","text":"19.21","page_number":227,"box":{"x":917,"y":294,"width":37,"height":9}},{"id":"0c3aa0bf-7725-4412-851d-3e4e023179e3","block_type":"box","text":"100.00","page_number":227,"box":{"x":907,"y":312,"width":49,"height":9}},{"id":"fb0670fd-b3c6-41cc-acd2-0d22d8de7e26","block_type":"box","text":"227","page_number":228,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"193fae65-c13d-48ff-af04-f9269df1453a","block_type":"box","text":"SARASIN Growth Managed","page_number":228,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"1e3c8f81-9ac3-4a55-813b-e5cd72a4628d","block_type":"box","text":"Statement of Total Return","page_number":228,"box":{"x":43,"y":79,"width":242,"height":11}},{"id":"54d73b26-e25f-447f-8297-b8604f3153eb","block_type":"box","text":"For the period ended","page_number":228,"box":{"x":43,"y":95,"width":159,"height":11}},{"id":"4bf44dbe-0193-44b7-a229-856dd014dfac","block_type":"box","text":"3 July","page_number":228,"box":{"x":203,"y":95,"width":43,"height":11}},{"id":"ab12d619-b1d5-49af-a9a5-81c722f22d81","block_type":"box","text":"2026 (unaudited)","page_number":228,"box":{"x":246,"y":95,"width":131,"height":11}},{"id":"2a532522-5f46-4326-8092-1ea4a83af730","block_type":"box","text":"03.07","page_number":228,"box":{"x":880,"y":125,"width":32,"height":7}},{"id":"1b55ee6a-9824-4b49-b2bb-31459b4e8790","block_type":"box","text":".2026","page_number":228,"box":{"x":914,"y":125,"width":32,"height":7}},{"id":"b312e1b1-7617-4523-a6d0-09f5b779bc55","block_type":"box","text":"1","page_number":228,"box":{"x":947,"y":125,"width":2,"height":4}},{"id":"fdeb23c1-43a4-4972-bc20-b40120b2bf28","block_type":"box","text":",2","page_number":228,"box":{"x":951,"y":125,"width":6,"height":5}},{"id":"c9f1b83d-ce51-405f-9b57-a0db73441e86","block_type":"box","text":"£","page_number":228,"box":{"x":826,"y":140,"width":7,"height":7}},{"id":"355e7d79-b978-4f35-86d3-8085e75c3c5c","block_type":"box","text":"£","page_number":228,"box":{"x":950,"y":140,"width":7,"height":7}},{"id":"02cf65a6-90e4-4839-86ef-18c3a519a494","block_type":"box","text":"Income","page_number":228,"box":{"x":43,"y":178,"width":53,"height":8}},{"id":"5e2038b1-b89d-4275-9515-5de852554f87","block_type":"box","text":"Net capital gains","page_number":228,"box":{"x":55,"y":193,"width":122,"height":12}},{"id":"8e49acc9-efe4-49e0-8ca8-e1df36c2439a","block_type":"box","text":"10,228,881","page_number":228,"box":{"x":875,"y":193,"width":79,"height":11}},{"id":"b38501fd-fb54-483b-b932-4f393e0f116f","block_type":"box","text":"Revenue","page_number":228,"box":{"x":55,"y":210,"width":65,"height":8}},{"id":"3190726d-1cb1-4322-a0f7-730fb7c36e68","block_type":"box","text":"881,129","page_number":228,"box":{"x":773,"y":210,"width":60,"height":10}},{"id":"4eae9fd0-407a-4426-bf2b-b10b3f2f068d","block_type":"box","text":"Expenses","page_number":228,"box":{"x":43,"y":226,"width":72,"height":11}},{"id":"19d8b527-afa5-45e1-bd8d-a05f90063e23","block_type":"box","text":"(346,264)","page_number":228,"box":{"x":762,"y":225,"width":71,"height":12}},{"id":"cd62e395-5088-42b3-9215-51d7dac30335","block_type":"box","text":"Interest payable and similar expenses","page_number":228,"box":{"x":43,"y":242,"width":280,"height":11}},{"id":"ff854b53-d856-4487-a1f9-d21b4122570a","block_type":"box","text":"(53)","page_number":228,"box":{"x":804,"y":242,"width":29,"height":11}},{"id":"fc3a8168-a981-4010-8de4-b470af75eeb2","block_type":"box","text":"Net revenue before taxation","page_number":228,"box":{"x":43,"y":262,"width":205,"height":9}},{"id":"5a987ac5-e5d7-4a46-af5d-d8e02018eb30","block_type":"box","text":"534,812","page_number":228,"box":{"x":773,"y":262,"width":59,"height":10}},{"id":"b83a47c1-6f55-4126-85d9-4dfa02f39cff","block_type":"box","text":"Taxation","page_number":228,"box":{"x":42,"y":278,"width":61,"height":9}},{"id":"d41a8e15-5445-4e01-9160-f75fd2d5fb35","block_type":"box","text":"(12,321)","page_number":228,"box":{"x":772,"y":278,"width":61,"height":11}},{"id":"14bb23c5-7d00-40d2-821e-3ce9ce55a643","block_type":"box","text":"Net revenue after taxation for the period","page_number":228,"box":{"x":43,"y":293,"width":317,"height":10}},{"id":"ca377dad-edfc-4131-8f3c-dae153448ef8","block_type":"box","text":"522,491","page_number":228,"box":{"x":897,"y":292,"width":57,"height":11}},{"id":"30be3f41-0d3f-42ff-9e4a-4b9afe3eb482","block_type":"box","text":"Total returns before distributions","page_number":228,"box":{"x":42,"y":313,"width":263,"height":9}},{"id":"9d84c5e6-359a-4cba-9d6b-52db41044147","block_type":"box","text":"10,751,372","page_number":228,"box":{"x":875,"y":313,"width":81,"height":10}},{"id":"0dae3d6f-f6e0-47b4-8c0e-ae37aeb1df91","block_type":"box","text":"Distributions","page_number":228,"box":{"x":43,"y":329,"width":91,"height":9}},{"id":"1e84ae27-4d49-4af7-b33f-31aec0c191ca","block_type":"box","text":"(821,765)","page_number":228,"box":{"x":886,"y":329,"width":71,"height":11}},{"id":"4ae1f83a-7545-4606-9cd1-19df9e83e597","block_type":"box","text":"Change in net assets attributable to shareholders from investment","page_number":228,"box":{"x":43,"y":364,"width":534,"height":11}},{"id":"89a34af4-8576-4867-84f4-95ec04789bfd","block_type":"box","text":"activities","page_number":228,"box":{"x":54,"y":378,"width":71,"height":9}},{"id":"a8e372b9-5346-4bfa-aef6-e6acf681f6a4","block_type":"box","text":"9,929,607","page_number":228,"box":{"x":883,"y":376,"width":73,"height":11}},{"id":"c9382493-fc07-45b8-a071-f1a64ef99e70","block_type":"box","text":"Statement of Changes in Net Assets Attributable to Shareholders","page_number":228,"box":{"x":43,"y":420,"width":620,"height":14}},{"id":"67f5daad-93e3-48f1-bfce-26d1b7778d12","block_type":"box","text":"For the period ended","page_number":228,"box":{"x":43,"y":436,"width":159,"height":11}},{"id":"e42f4b11-714d-4fbd-8a74-bf94d57b65bf","block_type":"box","text":"3 July","page_number":228,"box":{"x":203,"y":436,"width":43,"height":12}},{"id":"3b9471b2-7558-4c3f-9ad7-2424c42ba5ab","block_type":"box","text":"2026 (unaudited)","page_number":228,"box":{"x":246,"y":436,"width":131,"height":12}},{"id":"808b543d-cd75-4c4f-9153-083b2eb2efec","block_type":"box","text":"03.07","page_number":228,"box":{"x":877,"y":466,"width":32,"height":7}},{"id":"e4b53f9c-3baf-48a8-85f6-ca6c0f6a7227","block_type":"box","text":".2026","page_number":228,"box":{"x":911,"y":466,"width":32,"height":7}},{"id":"be0aacbd-7ba8-4e38-b469-9104f1cb83fb","block_type":"box","text":"1","page_number":228,"box":{"x":944,"y":466,"width":2,"height":4}},{"id":"2ba312a3-42bd-4b34-bcde-ca2d0b7e0ab6","block_type":"box","text":",2","page_number":228,"box":{"x":948,"y":466,"width":6,"height":5}},{"id":"93ed3e71-0819-423d-8c1d-efbeba62fafe","block_type":"box","text":"£","page_number":228,"box":{"x":826,"y":481,"width":7,"height":7}},{"id":"20cc01e7-f479-49c0-9b93-3bbbe2f66e8f","block_type":"box","text":"£","page_number":228,"box":{"x":947,"y":481,"width":7,"height":7}},{"id":"351fa8bf-21d0-4348-8f62-5dcb91088ee6","block_type":"box","text":"Opening net assets attributable to shareholders","page_number":228,"box":{"x":43,"y":517,"width":380,"height":11}},{"id":"f5f35df1-c433-4fa5-97c4-0e0a3859f787","block_type":"box","text":"95,278,187","page_number":228,"box":{"x":874,"y":517,"width":82,"height":10}},{"id":"97e564b4-dea8-4c9e-9e1c-4c48c96e96c5","block_type":"box","text":"Issue of shares","page_number":228,"box":{"x":43,"y":533,"width":112,"height":9}},{"id":"6592bea5-5191-4fba-a10b-87f24653323d","block_type":"box","text":"37,556,837","page_number":228,"box":{"x":747,"y":533,"width":82,"height":10}},{"id":"585bc3f7-012f-42d5-9b4f-9e3e8fa5b77f","block_type":"box","text":"Cancellation of shares","page_number":228,"box":{"x":43,"y":549,"width":164,"height":9}},{"id":"1f3b5dbb-319d-476b-a6e1-2f576c205a65","block_type":"box","text":"(17,030,014)","page_number":228,"box":{"x":741,"y":549,"width":92,"height":11}},{"id":"cb50cbc7-41ec-4a28-b7dd-73a7d845c946","block_type":"box","text":"20,526,823","page_number":228,"box":{"x":874,"y":565,"width":82,"height":10}},{"id":"beebfe65-f7d8-4402-966e-bd725dae9704","block_type":"box","text":"Change in net assets attributable to","page_number":228,"box":{"x":43,"y":581,"width":267,"height":11}},{"id":"0c437c6b-f0af-4827-b3a6-50136044120a","block_type":"box","text":"shareholders from investment activities (see above)","page_number":228,"box":{"x":54,"y":595,"width":383,"height":12}},{"id":"a881dd4e-ae32-4825-ad8d-0a874ee8ca53","block_type":"box","text":"9,929,607","page_number":228,"box":{"x":883,"y":596,"width":73,"height":10}},{"id":"ad587c03-bc6b-4357-9ba2-68e11121b6c8","block_type":"box","text":"Retained distribution on accumulation shares","page_number":228,"box":{"x":43,"y":612,"width":333,"height":8}},{"id":"4c571a80-622b-4d84-9c5a-faa3774e8f01","block_type":"box","text":"71,726","page_number":228,"box":{"x":907,"y":612,"width":49,"height":10}},{"id":"c6dca2dd-68fa-4d5d-8f4c-c14ee1b3cc2d","block_type":"box","text":"Closing net assets attributable to shareholders","page_number":228,"box":{"x":43,"y":629,"width":373,"height":11}},{"id":"ea3401fe-2221-4a96-bc49-627af7a87b3c","block_type":"box","text":"125,806,343","page_number":228,"box":{"x":866,"y":627,"width":90,"height":10}},{"id":"d6957b84-54ab-4f1e-a6cc-a6fbfad90920","block_type":"box","text":"1","page_number":228,"box":{"x":43,"y":664,"width":2,"height":4}},{"id":"63970079-2a21-4486-8521-9d68a88cad99","block_type":"box","text":"There are no comparative figures shown as the sub-fund launched on 29","page_number":228,"box":{"x":46,"y":664,"width":432,"height":9}},{"id":"a479b058-612a-4149-b446-97fc39923ce5","block_type":"box","text":"April 2025.","page_number":228,"box":{"x":482,"y":664,"width":63,"height":9}},{"id":"193a2e1a-1cc2-4e3d-a1a1-d012907b01f6","block_type":"box","text":"2","page_number":228,"box":{"x":42,"y":675,"width":4,"height":4}},{"id":"cfce48a8-0d79-4a02-8209-c862d839338b","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026","page_number":228,"box":{"x":46,"y":676,"width":422,"height":9}},{"id":"d8b7a689-d6e3-4818-bbe0-004a60a7ac1c","block_type":"box","text":"to","page_number":228,"box":{"x":472,"y":676,"width":11,"height":7}},{"id":"55f17d96-cba4-4b07-a9eb-d8780bbc3ed3","block_type":"box","text":"3 July 2026 as a one-off change arising from the transition of depositary","page_number":228,"box":{"x":488,"y":676,"width":425,"height":9}},{"id":"3246a0e4-6c79-4a95-9079-99b9e2fe56cf","block_type":"box","text":"services. The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution","page_number":228,"box":{"x":42,"y":687,"width":894,"height":7}},{"id":"dfc63f41-a39a-45fb-9d6f-7f86e93d9955","block_type":"box","text":"payable to shareholders.","page_number":228,"box":{"x":43,"y":698,"width":145,"height":9}},{"id":"f241c502-b2af-409e-8006-920f28ff2d06","block_type":"box","text":"228","page_number":229,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"a380b123-0e69-4eb7-a3d2-198fbfe50d21","block_type":"box","text":"SARASIN Growth Managed","page_number":229,"box":{"x":43,"y":34,"width":264,"height":13}},{"id":"709eb54d-c518-4abc-b17f-e749c9a49932","block_type":"box","text":"Balance Sheet","page_number":229,"box":{"x":43,"y":79,"width":136,"height":11}},{"id":"2dd7f54e-b368-4096-8d23-0978abd2fc6f","block_type":"box","text":"As at","page_number":229,"box":{"x":42,"y":95,"width":43,"height":9}},{"id":"43c570a8-0cb8-40ce-941e-d168d8c944b5","block_type":"box","text":"3 July 2026 (unaudited)","page_number":229,"box":{"x":85,"y":95,"width":175,"height":11}},{"id":"053e9355-32bb-4a37-a9f8-9e17c25d9011","block_type":"box","text":"03.07","page_number":229,"box":{"x":645,"y":115,"width":33,"height":6}},{"id":"b9c0b0de-3bb6-4167-ae62-5fe5ba214fbd","block_type":"box","text":".2026","page_number":229,"box":{"x":679,"y":115,"width":32,"height":6}},{"id":"c9b03a63-fd7a-42d4-be18-1d2ebb631ade","block_type":"box","text":"1","page_number":229,"box":{"x":712,"y":114,"width":3,"height":4}},{"id":"1acfed27-7f95-4671-aefd-9cbbb0c678f3","block_type":"box","text":"31.12.2025","page_number":229,"box":{"x":883,"y":115,"width":66,"height":6}},{"id":"35227869-4897-40b2-bd8b-cfe2c0cfaab7","block_type":"box","text":"2","page_number":229,"box":{"x":950,"y":114,"width":4,"height":4}},{"id":"3ba10b86-c587-4411-96f4-7d5c87ce18d3","block_type":"box","text":"£","page_number":229,"box":{"x":712,"y":130,"width":7,"height":7}},{"id":"b70e6676-e8ee-44c0-80f4-1a180548f3a2","block_type":"box","text":"£","page_number":229,"box":{"x":950,"y":130,"width":7,"height":7}},{"id":"d97ab332-6dbd-44da-bd67-3b9affe037d7","block_type":"box","text":"Assets","page_number":229,"box":{"x":42,"y":167,"width":54,"height":9}},{"id":"1b58c14b-ef71-48c1-b315-1e1eae28076e","block_type":"box","text":"Investments","page_number":229,"box":{"x":55,"y":183,"width":89,"height":9}},{"id":"44044de0-a304-4cbd-965d-fc177c1d9c4b","block_type":"box","text":"123,625,571","page_number":229,"box":{"x":628,"y":183,"width":88,"height":10}},{"id":"bbab7fd6-a831-4a98-851b-8d1769b956b9","block_type":"box","text":"93,954,772","page_number":229,"box":{"x":874,"y":183,"width":82,"height":10}},{"id":"358d0c7c-8bb1-4047-be05-d5a9bede24ab","block_type":"box","text":"Amounts receivable","page_number":229,"box":{"x":54,"y":199,"width":146,"height":9}},{"id":"f7d089af-3e43-4895-a8fa-aecab6939e24","block_type":"box","text":"3,376,352","page_number":229,"box":{"x":645,"y":199,"width":73,"height":10}},{"id":"a2b0160e-7d58-4d59-8dbd-96f57d41056c","block_type":"box","text":"59,042","page_number":229,"box":{"x":907,"y":199,"width":49,"height":10}},{"id":"0240bf3a-a695-4c1d-994e-23673783ab03","block_type":"box","text":"Cash and cash equivalents","page_number":229,"box":{"x":55,"y":215,"width":200,"height":11}},{"id":"ef4dbcda-2d2a-42e4-8ee7-2bf80102d04f","block_type":"box","text":"4,686,675","page_number":229,"box":{"x":645,"y":215,"width":73,"height":10}},{"id":"823f6035-05b2-42ea-8bf6-f2e8fc85b085","block_type":"box","text":"1,829,809","page_number":229,"box":{"x":884,"y":215,"width":72,"height":10}},{"id":"109747d7-4c47-47e2-b89d-ef7e6c0e7fae","block_type":"box","text":"Total assets","page_number":229,"box":{"x":42,"y":232,"width":88,"height":9}},{"id":"45bf35b6-7e9f-4b96-aab2-f01f7a3d0dc8","block_type":"box","text":"131,688,598","page_number":229,"box":{"x":628,"y":232,"width":90,"height":10}},{"id":"1d8c8c9d-bd40-40e0-a963-a4fa68b94186","block_type":"box","text":"95,843,623","page_number":229,"box":{"x":874,"y":232,"width":82,"height":10}},{"id":"170d3aa2-4d96-478b-83eb-a5012d1b5f4a","block_type":"box","text":"Liabilities","page_number":229,"box":{"x":43,"y":254,"width":75,"height":9}},{"id":"2f149097-186e-4b1d-863b-79dd6bc3f4ee","block_type":"box","text":"Distribution payable","page_number":229,"box":{"x":55,"y":270,"width":145,"height":11}},{"id":"907765a2-db09-435c-8289-a0e7083be21e","block_type":"box","text":"(805,654)","page_number":229,"box":{"x":648,"y":270,"width":71,"height":11}},{"id":"c589c351-7597-4659-8482-45f9204282dc","block_type":"box","text":"(419,049)","page_number":229,"box":{"x":886,"y":270,"width":71,"height":11}},{"id":"8bacfc78-38df-4118-8cff-95685ad66967","block_type":"box","text":"Other amounts payable","page_number":229,"box":{"x":54,"y":286,"width":174,"height":11}},{"id":"a5e9398f-0833-4629-bb7f-36565490e042","block_type":"box","text":"(5,076,601)","page_number":229,"box":{"x":634,"y":286,"width":85,"height":11}},{"id":"bf3e5ded-1455-4192-976d-164fea62f8d9","block_type":"box","text":"(146,387)","page_number":229,"box":{"x":886,"y":286,"width":71,"height":11}},{"id":"c93ad0ae-708e-4775-b608-09c0bc6634fd","block_type":"box","text":"Total liabilities","page_number":229,"box":{"x":42,"y":303,"width":103,"height":9}},{"id":"350d874a-05d0-4b6a-9114-4c0853bf5b10","block_type":"box","text":"(5,882,255)","page_number":229,"box":{"x":634,"y":303,"width":85,"height":11}},{"id":"25cbe2c5-9773-4c67-b96e-183a796bcb87","block_type":"box","text":"(565,436)","page_number":229,"box":{"x":886,"y":303,"width":71,"height":11}},{"id":"191e0be6-359a-4fe7-b606-1a14d4cb25a6","block_type":"box","text":"Net assets attributable to shareholders","page_number":229,"box":{"x":43,"y":320,"width":309,"height":9}},{"id":"bb9d12af-78f2-482f-b2b3-7674c5952bc8","block_type":"box","text":"125,806,343","page_number":229,"box":{"x":628,"y":318,"width":90,"height":11}},{"id":"9abe3a38-a8c3-4b26-96d4-b55131a91a9c","block_type":"box","text":"95,278,187","page_number":229,"box":{"x":874,"y":318,"width":82,"height":11}},{"id":"36ccb6fa-88e5-42e0-a7c6-23e5e87bb5e8","block_type":"box","text":"1","page_number":229,"box":{"x":43,"y":369,"width":2,"height":4}},{"id":"eaa10220-ba12-4cd2-bc78-0ce9545490dc","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 t","page_number":229,"box":{"x":46,"y":369,"width":426,"height":9}},{"id":"13eab0f8-3054-48eb-82be-67f619c99cc5","block_type":"box","text":"o","page_number":229,"box":{"x":473,"y":371,"width":6,"height":5}},{"id":"b1a4b2bc-eb72-4f75-9971-a00f8f78fcc9","block_type":"box","text":"3 July 2026 as a one-off change arising from the transition of depositary","page_number":229,"box":{"x":484,"y":369,"width":425,"height":9}},{"id":"c1d57106-a99d-4889-863f-32bdd0633326","block_type":"box","text":"services. The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution","page_number":229,"box":{"x":42,"y":381,"width":894,"height":7}},{"id":"9dda490c-b204-4569-9054-171e4651c3e8","block_type":"box","text":"payable to shareholders","page_number":229,"box":{"x":43,"y":392,"width":142,"height":9}},{"id":"c525dae8-6e16-48f8-b65e-012a3518f535","block_type":"box","text":".","page_number":229,"box":{"x":186,"y":398,"width":2,"height":1}},{"id":"7dba00c9-16af-4917-babc-b27bcfe2be8e","block_type":"box","text":"2","page_number":229,"box":{"x":42,"y":403,"width":4,"height":4}},{"id":"e0f0c093-0121-4865-9a0b-a2eeea946990","block_type":"box","text":"The sub-fund launched on","page_number":229,"box":{"x":46,"y":403,"width":155,"height":8}},{"id":"f0bbbeef-c3ee-4d2a-b798-7dbae2bcfeb3","block_type":"box","text":"29 April 2025.","page_number":229,"box":{"x":206,"y":404,"width":81,"height":8}},{"id":"2fd08f45-c112-466b-9697-1c62639b0f0d","block_type":"box","text":"All items in the balance sheet above are current.","page_number":229,"box":{"x":42,"y":441,"width":358,"height":9}},{"id":"43a64ed8-80c6-4597-85c5-e0cb15b669d0","block_type":"box","text":"229","page_number":230,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"2be2bb19-89b9-4456-af3c-2332906368fa","block_type":"box","text":"SARASIN Growth Managed","page_number":230,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"29af7ec9-a636-45f7-a726-6b5d8226a29d","block_type":"box","text":"Notes to the Financial Statements","page_number":230,"box":{"x":43,"y":79,"width":321,"height":11}},{"id":"61af47aa-d118-4ff1-89d5-b010260dd2a4","block_type":"box","text":"For the period ended 3 July 2026 (unaudited)","page_number":230,"box":{"x":43,"y":95,"width":334,"height":11}},{"id":"a7d44027-2b52-4435-bf8c-ea1fbee1408c","block_type":"box","text":"1. Accounting Policies","page_number":230,"box":{"x":43,"y":122,"width":177,"height":11}},{"id":"7ea272e9-1429-49a0-81d5-5d7b6c88a641","block_type":"box","text":"The interim financial statements have been prepared in accordance with the Statement of Recommended Practice for","page_number":230,"box":{"x":42,"y":146,"width":920,"height":11}},{"id":"fa264a21-5cc9-4447-80a2-80d47bfc3556","block_type":"box","text":"Authorised Funds issued by the Investment Association in October 2025 (‘SORP 2025’) and in compliance with UK Financial","page_number":230,"box":{"x":42,"y":159,"width":920,"height":11}},{"id":"98def755-79e5-45e7-8f32-d2d65df0e89f","block_type":"box","text":"Reporting Standard 104 Interim Financial Reporting (‘FRS 104’).","page_number":230,"box":{"x":43,"y":172,"width":481,"height":11}},{"id":"477aed02-0447-406b-9a71-e53cef102a35","block_type":"box","text":"The sub-fund has not applied the full disclosure requirements of FRS 102 as according to FRS 104, issued by the Financial","page_number":230,"box":{"x":42,"y":196,"width":920,"height":11}},{"id":"aa05f93c-a7bc-4878-9fd3-8d473ec02b5e","block_type":"box","text":"Reporting Council, disclosures demanded by Financial Reporting Standards are generally not required for interim reports.","page_number":230,"box":{"x":43,"y":209,"width":904,"height":11}},{"id":"e2c6a907-8f8d-40e2-b42a-c50a4b161840","block_type":"box","text":"The accounting policies applied are consistent with those of the annual financial statements for the year ended","page_number":230,"box":{"x":42,"y":232,"width":920,"height":12}},{"id":"ff9b5823-cc11-483b-8af5-75a53554b4ac","block_type":"box","text":"31 December 2025 and are described in those financial statements. In this regard, comparative figures from previous periods","page_number":230,"box":{"x":43,"y":245,"width":919,"height":12}},{"id":"fcb510b4-8b36-462b-b3f7-ead042ed44f4","block_type":"box","text":"are prepared to the same standards as the current period, with the exception of the basis of valuation of investments. As per","page_number":230,"box":{"x":42,"y":258,"width":920,"height":12}},{"id":"ea4cc331-9ae5-49c1-8d92-f75f45a577eb","block_type":"box","text":"SORP 2025, all investments are valued at their fair value using the mid prices determined at the last valuation point of the","page_number":230,"box":{"x":43,"y":272,"width":919,"height":11}},{"id":"502cf164-a9ca-42f7-b887-2b80506accda","block_type":"box","text":"accounting period. This change has been applied prospectively and in accordance with SORP requirements. Accordingly,","page_number":230,"box":{"x":42,"y":285,"width":920,"height":11}},{"id":"06026600-8f8f-4c8c-8a96-2fcd2d53bb58","block_type":"box","text":"comparative amounts have not been restated and continue to reflect bid prices and are therefore not directly comparable to","page_number":230,"box":{"x":42,"y":298,"width":920,"height":11}},{"id":"e5b01d4a-1079-49cc-ad36-4e5ce0a65ee6","block_type":"box","text":"the current period.","page_number":230,"box":{"x":42,"y":311,"width":135,"height":11}},{"id":"f0de3c45-de29-4aec-bf27-b7e7f841796c","block_type":"box","text":"The Financial Statements have been prepared on a going concern basis, under the historical cost convention as modified by","page_number":230,"box":{"x":42,"y":335,"width":920,"height":11}},{"id":"e0455187-2576-4d54-9e2c-70f1d7c7ecf4","block_type":"box","text":"the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.","page_number":230,"box":{"x":42,"y":348,"width":742,"height":11}},{"id":"472cebdc-afd5-4766-98a0-d2443b17d203","block_type":"box","text":"The ACD is confident that the sub-fund will continue in operation and be able to meet its liabilities as they fall due for at least","page_number":230,"box":{"x":42,"y":371,"width":920,"height":12}},{"id":"401a1ab2-4387-456a-8e3a-7f8f6ad34474","block_type":"box","text":"the next twelve months from the approval of these financial statements. The sub-fund has adequate financial resources and","page_number":230,"box":{"x":42,"y":384,"width":920,"height":12}},{"id":"59556089-d3bc-43b5-867c-c0e782e66846","block_type":"box","text":"its assets consist of securities, which are readily realisable. As such, it is appropriate to continue to adopt the going concern","page_number":230,"box":{"x":43,"y":397,"width":919,"height":12}},{"id":"2e8f5a84-5b0d-4693-a8eb-4b614cecaa7a","block_type":"box","text":"basis in preparing the financial statements of the sub-fund.","page_number":230,"box":{"x":43,"y":411,"width":432,"height":11}},{"id":"bcddf0e7-320c-40e8-91c0-04bb705c58a1","block_type":"box","text":"2. Related Parties","page_number":230,"box":{"x":42,"y":450,"width":139,"height":9}},{"id":"c38b6447-4790-4ed8-b812-73d57c66b2aa","block_type":"box","text":"The ACD is regarded as a related party to the sub-fund because it provides key management personnel services to the","page_number":230,"box":{"x":42,"y":474,"width":920,"height":11}},{"id":"dc637bc9-d358-4ae9-a1ea-905c7a7d5faa","block_type":"box","text":"sub-fund. Sarasin Investment Funds Limited acts as the principal on all the transactions of the shares of the sub-fund. The","page_number":230,"box":{"x":42,"y":487,"width":920,"height":11}},{"id":"11f39219-c075-4ea2-91f4-718328e6c4fe","block_type":"box","text":"aggregate monies received by the ACD through the issue of shares and paid on cancellation of shares are disclosed in the","page_number":230,"box":{"x":42,"y":500,"width":920,"height":11}},{"id":"01345375-bc9f-434f-985c-eabf62c0d2a2","block_type":"box","text":"Statement of Change in Net Assets Attributable to Shareholders on page 227.","page_number":230,"box":{"x":43,"y":513,"width":573,"height":11}},{"id":"2865d5a2-983f-4b63-907f-bd600686fde1","block_type":"box","text":"The balance due to Sarasin Investment Funds Limited at the period end in respect of this transaction was £48,855","page_number":230,"box":{"x":42,"y":537,"width":920,"height":11}},{"id":"cc79d33c-cff7-483c-922a-fd2c5c519ca0","block_type":"box","text":"(31 December 2025: £41,637).","page_number":230,"box":{"x":43,"y":550,"width":226,"height":11}},{"id":"07c2c11a-d8a3-48c8-805c-ff328a161d66","block_type":"box","text":"At the period end, Sarasin Growth Managed held the following shares in any other sub-fund or collective investment scheme","page_number":230,"box":{"x":42,"y":574,"width":920,"height":11}},{"id":"e34291c7-1deb-4a9f-ac96-5adacfe5661f","block_type":"box","text":"managed by associated companies of Sarasin Investment Funds Limited:","page_number":230,"box":{"x":43,"y":587,"width":542,"height":11}},{"id":"d0f4575f-e20c-48d1-b5a1-845d0af0ba57","block_type":"box","text":"Related party as at 3 July 2026","page_number":230,"box":{"x":43,"y":611,"width":235,"height":11}},{"id":"f0ed68f4-c755-403b-b174-d408cc2edd22","block_type":"box","text":"Held at","page_number":230,"box":{"x":790,"y":641,"width":43,"height":7}},{"id":"75ec3f25-3ff4-4031-b837-e56f3fd89ad5","block_type":"box","text":"03.07.2026","page_number":230,"box":{"x":761,"y":656,"width":66,"height":7}},{"id":"6178a2a9-afba-4f9b-b551-8b8f37b868ed","block_type":"box","text":"1","page_number":230,"box":{"x":829,"y":654,"width":3,"height":5}},{"id":"10407d21-c13c-4a5b-ba71-cea9e6141ff1","block_type":"box","text":"Market","page_number":230,"box":{"x":915,"y":637,"width":42,"height":7}},{"id":"a2dbed70-ea54-4146-8c8e-950ee05c1d20","block_type":"box","text":"Value at","page_number":230,"box":{"x":906,"y":649,"width":51,"height":6}},{"id":"bc99980e-e127-40f8-93a1-d389b3a6e69a","block_type":"box","text":"03.07.2026","page_number":230,"box":{"x":885,"y":663,"width":66,"height":7}},{"id":"82526c76-51f2-4aaa-ace9-09f7cac3078c","block_type":"box","text":"1","page_number":230,"box":{"x":953,"y":661,"width":3,"height":5}},{"id":"6fb04c1e-ab6b-47b3-93ff-5640fdfefc5a","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":230,"box":{"x":43,"y":676,"width":440,"height":11}},{"id":"2cdb52fd-3711-43f5-afc8-71dc523fbc62","block_type":"box","text":"916,525","page_number":230,"box":{"x":773,"y":676,"width":60,"height":10}},{"id":"cb12bdc4-81a9-4334-89c9-2ebe442d2f92","block_type":"box","text":"783,079","page_number":230,"box":{"x":897,"y":677,"width":59,"height":10}},{"id":"31f78edf-5ae8-4bcd-b225-fa78f548f78b","block_type":"box","text":"Related party as at 31 December 2025","page_number":230,"box":{"x":43,"y":711,"width":287,"height":11}},{"id":"8943a650-149e-4efb-a402-f61f2f880e4b","block_type":"box","text":"Held at","page_number":230,"box":{"x":790,"y":742,"width":43,"height":7}},{"id":"8dd5f3c4-bae0-4080-9425-6d3e1fe73838","block_type":"box","text":"31.12.2025","page_number":230,"box":{"x":767,"y":754,"width":66,"height":7}},{"id":"ce216e9a-1c7c-4632-a356-8a2ba47b526f","block_type":"box","text":"Bid Market","page_number":230,"box":{"x":889,"y":738,"width":68,"height":7}},{"id":"4b483b9c-9a79-49f0-8406-99be2d13d988","block_type":"box","text":"Value at","page_number":230,"box":{"x":906,"y":749,"width":51,"height":7}},{"id":"1a86437c-1a30-4f4c-a9d2-eece6e0483aa","block_type":"box","text":"31.12.2025","page_number":230,"box":{"x":890,"y":761,"width":67,"height":7}},{"id":"06444660-9251-4c3b-a0b6-709aacd5409a","block_type":"box","text":"Sarasin Responsible Corporate Bond Fund Class Z Income","page_number":230,"box":{"x":43,"y":774,"width":440,"height":11}},{"id":"b7c396f3-9004-43b4-8321-0f3154d0bb4c","block_type":"box","text":"1,120,724","page_number":230,"box":{"x":761,"y":774,"width":72,"height":10}},{"id":"69319167-230a-4779-90df-d5a8a442c60b","block_type":"box","text":"970,884","page_number":230,"box":{"x":897,"y":775,"width":59,"height":10}},{"id":"c8b93c6d-f6de-457c-9b09-58242e41ef52","block_type":"box","text":"1","page_number":230,"box":{"x":43,"y":804,"width":2,"height":4}},{"id":"25ca634a-26cd-437d-9552-81a30bae4d2a","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":230,"box":{"x":46,"y":804,"width":910,"height":9}},{"id":"2e07dd4f-7cfd-4e75-a0ef-e485222d26ae","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":230,"box":{"x":42,"y":816,"width":915,"height":9}},{"id":"8c5c9cc9-837e-4346-90ca-bf5e672e9a53","block_type":"box","text":"shareholders.","page_number":230,"box":{"x":42,"y":827,"width":80,"height":7}},{"id":"b904f846-a292-42ce-9d9f-03e3d0512f12","block_type":"box","text":"230","page_number":231,"box":{"x":486,"y":972,"width":27,"height":8}},{"id":"2d4a137c-de7e-4410-9f6a-005ba548e1a6","block_type":"box","text":"SARASIN Growth Managed","page_number":231,"box":{"x":43,"y":34,"width":260,"height":13}},{"id":"5437d655-12f3-43b9-a45f-8589e03bc881","block_type":"box","text":"Notes to the Financial Statements (continued)","page_number":231,"box":{"x":43,"y":79,"width":437,"height":14}},{"id":"5dc872ff-e9f5-449c-a157-4562df46a625","block_type":"box","text":"3. Fair Value of Financial Assets and Liabilities","page_number":231,"box":{"x":42,"y":107,"width":371,"height":9}},{"id":"ed6c6f53-21b1-4980-bd58-65a8b080b408","block_type":"box","text":"There is no material difference between the value of the financial assets and liabilities, as shown in the balance sheet, and","page_number":231,"box":{"x":42,"y":131,"width":920,"height":10}},{"id":"1d5eee0f-6260-4377-af16-efc9c82065ec","block_type":"box","text":"their fair value.","page_number":231,"box":{"x":42,"y":144,"width":108,"height":9}},{"id":"6c63cb0d-b4ef-401c-ae99-c471fae8c9a8","block_type":"box","text":"Valuation technique as at","page_number":231,"box":{"x":44,"y":171,"width":161,"height":9}},{"id":"e77ab8f8-e21d-4903-9fe8-6ca8ae5a457a","block_type":"box","text":"3 July 2026","page_number":231,"box":{"x":210,"y":171,"width":70,"height":9}},{"id":"fb125ff2-2f19-461f-967a-66fb89e6e5ee","block_type":"box","text":"1","page_number":231,"box":{"x":282,"y":169,"width":3,"height":5}},{"id":"24a14425-fec2-47a9-8566-3af25b4f03d9","block_type":"box","text":"Financial Assets","page_number":231,"box":{"x":45,"y":197,"width":104,"height":7}},{"id":"8eb747a6-f200-4f75-9f2b-b2a88c0e9d20","block_type":"box","text":"Level 1","page_number":231,"box":{"x":563,"y":186,"width":42,"height":7}},{"id":"07c3de80-4fab-473d-8a09-8afa20c95567","block_type":"box","text":"£","page_number":231,"box":{"x":600,"y":197,"width":7,"height":7}},{"id":"ea4eebf7-fa30-416f-9e7c-11fb976535d8","block_type":"box","text":"Level 2","page_number":231,"box":{"x":679,"y":186,"width":44,"height":7}},{"id":"e0fbd038-e3f1-496d-8199-baed857590a9","block_type":"box","text":"£","page_number":231,"box":{"x":716,"y":197,"width":8,"height":7}},{"id":"eb5e87a1-2cc6-4164-a8ef-58ad9d4948c1","block_type":"box","text":"Level 3","page_number":231,"box":{"x":796,"y":186,"width":44,"height":7}},{"id":"35a08c09-27b2-463f-932f-8bf672084352","block_type":"box","text":"£","page_number":231,"box":{"x":833,"y":197,"width":7,"height":7}},{"id":"d54d61a9-9115-4141-be26-92c482757656","block_type":"box","text":"Total","page_number":231,"box":{"x":926,"y":186,"width":30,"height":7}},{"id":"87ed0268-1bb9-4286-bf7b-3edd6d0258ef","block_type":"box","text":"£","page_number":231,"box":{"x":950,"y":197,"width":7,"height":7}},{"id":"f7b3bf23-783b-4e72-adb1-55971b92c313","block_type":"box","text":"Collective Investment Schemes","page_number":231,"box":{"x":45,"y":215,"width":233,"height":9}},{"id":"cfea6509-f058-47bd-a514-178ae66d5685","block_type":"box","text":"87,283,584","page_number":231,"box":{"x":524,"y":215,"width":82,"height":11}},{"id":"a01ebf83-3cda-488b-ae16-649393cce4d5","block_type":"box","text":"13,397,923","page_number":231,"box":{"x":642,"y":215,"width":81,"height":11}},{"id":"66fe162c-523b-4fc7-a316-80b7503f1ffe","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":220,"width":9,"height":1}},{"id":"dd1d884b-40c5-4f2c-923a-13f76d4ffb74","block_type":"box","text":"100,681,507","page_number":231,"box":{"x":866,"y":215,"width":90,"height":11}},{"id":"fbb552bd-5154-4cff-9447-495cb5a68917","block_type":"box","text":"Debt Securities","page_number":231,"box":{"x":45,"y":231,"width":112,"height":8}},{"id":"866dea69-88d6-4695-8893-af02fd5971cc","block_type":"box","text":"4,679,043","page_number":231,"box":{"x":533,"y":231,"width":73,"height":10}},{"id":"398d6406-4d8d-4af6-aea6-3d280a4d61f3","block_type":"box","text":"–","page_number":231,"box":{"x":714,"y":236,"width":10,"height":1}},{"id":"7676a92f-8023-4059-a144-f15dbe7a1020","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":236,"width":9,"height":1}},{"id":"6ba226d5-507b-42d0-b2a2-98cba2f18de2","block_type":"box","text":"4,679,043","page_number":231,"box":{"x":883,"y":231,"width":73,"height":10}},{"id":"b2d71bd6-196f-4027-a5d9-00c5d9f41ff2","block_type":"box","text":"Equities","page_number":231,"box":{"x":45,"y":246,"width":58,"height":11}},{"id":"5c865c98-c1bc-4f52-b2e6-af4727c136d0","block_type":"box","text":"18,116,093","page_number":231,"box":{"x":526,"y":246,"width":80,"height":10}},{"id":"00132f1d-25ad-435c-b38e-4e06367ce713","block_type":"box","text":"–","page_number":231,"box":{"x":714,"y":251,"width":10,"height":1}},{"id":"94ab96f9-2e58-4db3-ab69-52a7c4830dc4","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":251,"width":9,"height":1}},{"id":"c908a6e4-e1c1-4584-b04f-189fcc6b8e9d","block_type":"box","text":"18,116,093","page_number":231,"box":{"x":876,"y":246,"width":80,"height":10}},{"id":"e842004e-19f5-428b-8250-bdd905e2694e","block_type":"box","text":"Options","page_number":231,"box":{"x":45,"y":261,"width":56,"height":11}},{"id":"4b412984-0769-4a69-9533-c8929e631bc1","block_type":"box","text":"148,928","page_number":231,"box":{"x":548,"y":261,"width":58,"height":11}},{"id":"c3d92f1e-5a2c-4bdc-b105-df695c55131d","block_type":"box","text":"–","page_number":231,"box":{"x":714,"y":266,"width":10,"height":1}},{"id":"b7e353c4-e676-459d-94c5-9d0be915b1bd","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":266,"width":9,"height":1}},{"id":"f2b243b6-ea70-4ac6-b16a-ce6548978360","block_type":"box","text":"148,928","page_number":231,"box":{"x":898,"y":261,"width":58,"height":11}},{"id":"f59ae603-90e0-4425-80d0-e0654c52434e","block_type":"box","text":"110,227,648","page_number":231,"box":{"x":517,"y":277,"width":89,"height":11}},{"id":"0c66d987-88ec-451e-a854-66af07886292","block_type":"box","text":"13,397,923","page_number":231,"box":{"x":642,"y":277,"width":81,"height":11}},{"id":"074e63c5-f497-42ce-871a-9207440bf5fd","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":282,"width":9,"height":1}},{"id":"5616ece4-a614-45ee-8270-54e72c5afbf5","block_type":"box","text":"123,625,571","page_number":231,"box":{"x":866,"y":277,"width":88,"height":11}},{"id":"ffc5c5de-4305-436b-b15a-8875a701c793","block_type":"box","text":"Valuation technique as at","page_number":231,"box":{"x":44,"y":309,"width":161,"height":8}},{"id":"15e5b346-5bcd-4a0b-a859-7f4ebd63e7c2","block_type":"box","text":"31 December 2025","page_number":231,"box":{"x":210,"y":309,"width":116,"height":7}},{"id":"3dec1805-6b2d-45bb-9e14-5c03d0f79fcf","block_type":"box","text":"Financial Assets","page_number":231,"box":{"x":45,"y":334,"width":104,"height":7}},{"id":"6d305db2-2cf1-40fb-b0ae-7dc89b94f5a3","block_type":"box","text":"Level 1","page_number":231,"box":{"x":563,"y":323,"width":42,"height":7}},{"id":"bb2bbf40-c41c-4459-bdd0-c72b42d0fa15","block_type":"box","text":"£","page_number":231,"box":{"x":600,"y":334,"width":7,"height":7}},{"id":"7555b2df-7d7a-4238-9e42-54f65ffc3e98","block_type":"box","text":"Level 2","page_number":231,"box":{"x":679,"y":323,"width":44,"height":7}},{"id":"6cdc58b5-df02-48d3-83db-71fb4c548bf2","block_type":"box","text":"£","page_number":231,"box":{"x":716,"y":334,"width":8,"height":7}},{"id":"7c2cf962-1ee9-4d5a-939f-49a3650ef5d8","block_type":"box","text":"Level 3","page_number":231,"box":{"x":796,"y":323,"width":44,"height":7}},{"id":"cbb92b33-e52b-4050-8a77-df3089495b01","block_type":"box","text":"£","page_number":231,"box":{"x":833,"y":334,"width":7,"height":7}},{"id":"081c43db-f58b-4093-9c52-2008cdac656b","block_type":"box","text":"Total","page_number":231,"box":{"x":926,"y":323,"width":30,"height":7}},{"id":"db95e05a-d603-4564-8c20-80a8d9e2d613","block_type":"box","text":"£","page_number":231,"box":{"x":950,"y":334,"width":7,"height":7}},{"id":"e95b99f5-75b3-4fd9-af2c-94274f6eb319","block_type":"box","text":"Collective Investment Schemes","page_number":231,"box":{"x":45,"y":352,"width":233,"height":9}},{"id":"27ecf67c-db78-4eec-ab6b-270e06542b61","block_type":"box","text":"69,194,582","page_number":231,"box":{"x":524,"y":352,"width":82,"height":11}},{"id":"c00404dc-fa29-412c-8531-cd2621fdb20f","block_type":"box","text":"7,224,475","page_number":231,"box":{"x":650,"y":352,"width":73,"height":11}},{"id":"7555c222-7e0c-4018-a2ba-6bffb2a54bca","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":358,"width":9,"height":0}},{"id":"3fa535bd-aba1-4c6e-bea7-3e33fc0118a6","block_type":"box","text":"76,419,057","page_number":231,"box":{"x":874,"y":352,"width":82,"height":11}},{"id":"6886d99a-3946-45c7-85a6-aafc768f06a7","block_type":"box","text":"Debt Securities","page_number":231,"box":{"x":45,"y":368,"width":112,"height":9}},{"id":"b9937f9c-0758-4970-92a0-073e98800069","block_type":"box","text":"1,778,254","page_number":231,"box":{"x":534,"y":368,"width":72,"height":10}},{"id":"23517e16-8293-44ba-aa65-830e0db7390c","block_type":"box","text":"–","page_number":231,"box":{"x":714,"y":373,"width":10,"height":1}},{"id":"f4f0cbf4-56c9-471c-81e5-ac8a24d6c8a8","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":373,"width":9,"height":1}},{"id":"f1931f5c-757d-43a6-accf-05a19c9be1f6","block_type":"box","text":"1,778,254","page_number":231,"box":{"x":884,"y":368,"width":72,"height":10}},{"id":"fcbf9ee8-0241-4a07-b579-5f95a20c163c","block_type":"box","text":"Equities","page_number":231,"box":{"x":45,"y":383,"width":58,"height":11}},{"id":"662dd0ce-c6ca-4b26-a425-6457850b75fc","block_type":"box","text":"15,757,461","page_number":231,"box":{"x":525,"y":383,"width":79,"height":10}},{"id":"d7e05cc7-6af6-4dea-8416-2dd00dc35ec5","block_type":"box","text":"–","page_number":231,"box":{"x":714,"y":388,"width":10,"height":1}},{"id":"efa0a6ff-329e-4359-b583-a3fc71b03a36","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":388,"width":9,"height":1}},{"id":"0c858b2c-22e2-4390-ae1c-d33369b2a269","block_type":"box","text":"15,757,461","page_number":231,"box":{"x":875,"y":383,"width":79,"height":10}},{"id":"8c878329-e5b3-412d-999d-6141ed5142c2","block_type":"box","text":"86,730,297","page_number":231,"box":{"x":524,"y":399,"width":82,"height":11}},{"id":"cefeab31-5406-4976-8c8a-7bb747e36ba9","block_type":"box","text":"7,224,475","page_number":231,"box":{"x":650,"y":399,"width":73,"height":11}},{"id":"d4147f14-9204-47da-bfc9-fe6866bd8b89","block_type":"box","text":"–","page_number":231,"box":{"x":831,"y":404,"width":9,"height":1}},{"id":"01ff127c-e762-4864-a774-8735192ee62d","block_type":"box","text":"93,954,772","page_number":231,"box":{"x":874,"y":399,"width":82,"height":11}},{"id":"966c1323-921e-4060-b41f-2866532b9c67","block_type":"box","text":"1","page_number":231,"box":{"x":43,"y":442,"width":2,"height":4}},{"id":"f8cb9f53-adee-4abb-bcbe-8651d6f89beb","block_type":"box","text":"The sub-fund's interim accounting date was moved from 30 June 2026 to 3 July 2026 as a one-off change arising from the transition of depositary services.","page_number":231,"box":{"x":46,"y":442,"width":910,"height":9}},{"id":"ce983a62-3dd7-4964-a881-d19f1c4b055c","block_type":"box","text":"The amendment was administrative in nature and did not affect the calculation of distributable income or the amount of the interim distribution payable to","page_number":231,"box":{"x":42,"y":454,"width":915,"height":9}},{"id":"5edc34f1-cef2-4263-8b55-b7bbf39d3590","block_type":"box","text":"shareholders.","page_number":231,"box":{"x":42,"y":465,"width":80,"height":7}},{"id":"6707ed4e-193d-4809-8144-48d3548d9ddc","block_type":"box","text":"Level 1","page_number":231,"box":{"x":43,"y":497,"width":53,"height":9}},{"id":"aaa1cffe-ac63-4953-8f24-78de85b8f2e7","block_type":"box","text":"The unadjusted quoted price in an active market for an identical instrument that the entity can access at the measurement","page_number":231,"box":{"x":42,"y":510,"width":920,"height":11}},{"id":"02929f0c-8fad-4c7e-980f-b486a7e371b5","block_type":"box","text":"date.","page_number":231,"box":{"x":42,"y":523,"width":36,"height":9}},{"id":"f4a6bfad-7820-49ce-87e8-0da7eca38be1","block_type":"box","text":"Level 2","page_number":231,"box":{"x":43,"y":548,"width":55,"height":9}},{"id":"2af02623-459c-4bd1-bf5f-ad5629270806","block_type":"box","text":"Valuation techniques using observable inputs other than quoted prices within Level 1 (i.e., developed using market data).","page_number":231,"box":{"x":42,"y":561,"width":894,"height":11}},{"id":"e8cd11aa-439a-49d6-99e8-0814912c6b80","block_type":"box","text":"Level 3","page_number":231,"box":{"x":43,"y":586,"width":55,"height":9}},{"id":"6f771123-0b5b-48e6-b282-062480fb3db4","block_type":"box","text":"Valuation techniques using unobservable inputs (i.e., for which market data is unavailable).","page_number":231,"box":{"x":42,"y":599,"width":678,"height":11}}],"unit":"per_mille","page_width":595,"page_height":[{"value":841,"pages":[1,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,164,165,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,196,197,198,199,200,201,202,203,204,205,206,207,208,209,210,211,212,213,214,215,216,217,218,219,220,221,222,223,224,225,226,227,228,229,230,231,232]},{"value":842,"pages":[2,3,4]}],"attributes":{"chunk_type":"page_range","start_page":1,"end_page":232}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"0bd5d431-d574-4071-b14f-5263bb77cc56"},"user_id":1000002,"date_created":"2026-10-23T23:01:48.766000Z","date_modified":"2026-10-23T23:02:33.420000Z","private":false}