35
CANADIAN EQUITY FUND MACKENZIE CANADIAN DIVIDEND FUND (Formerly Mackenzie Canadian Large Cap Dividend Fund) A NOTE ON FORWARD-LOOKING STATEMENTS This report may contain forward-looking statements that reflect our current expectations or forecasts of future events. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “preliminary”, “typical” and other similar expressions. In addition, these statements may relate to future corporate actions, future financial performance of a fund or a security and their future investment strategies and prospects. Forward-looking statements are inherently subject to, among other things, risks, uncertainties and assumptions that could cause actual events, results, performance or prospects to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and assumptions include, without limitation, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, the volatility of global equity and capital markets, business competition, technological change, changes in government regulations, changes in securities laws and regulations, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events and the ability of Mackenzie to attract or retain key employees. The foregoing list of important risks, uncertainties and assumptions is not exhaustive. Please consider these and other factors carefully and do not place undue reliance on forward-looking statements. The forward-looking information contained in this report is current only as of the date of this report. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise. This Annual Management Report of Fund Performance contains financial highlights but does not contain the complete annual financial statements of the investment fund. You may obtain a copy of the annual financial statements, at no cost, by contacting us using one of the methods noted under Fund Formation and Series Information or by visiting the SEDAR website at www.sedar.com. Securityholders may also contact us using one of these methods to request a copy of the investment fund’s interim financial report, proxy voting policies and procedures, proxy voting disclosure record or quarterly portfolio disclosure. For more information, please refer to the Fund’s Simplified Prospectus, Annual Information Form and Fund Facts, which may also be obtained, at no cost, using any of the methods outlined above. For the Fund’s current net asset values per security and for more recent information on general market events, please visit our website. Annual Management Report of Fund Performance For the Year Ended March 31, 2020

MACKENIE CANADIAN LARE CAP DIVIDEND FND · DI I FD MACKENZIE CANADIAN LARGE CAP DIVIDEND FUND Management Discussion of Fund Performance June 3, 2019 This Management Discussion of

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  • CANADIAN EQUITY FUND

    MACKENZIE CANADIAN DIVIDEND FUND (Formerly Mackenzie Canadian Large Cap Dividend Fund)

    A NOTE ON FORWARD-LOOKING STATEMENTSThis report may contain forward-looking statements that reflect our current expectations or forecasts of future events. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “preliminary”, “typical” and other similar expressions. In addition, these statements may relate to future corporate actions, future financial performance of a fund or a security and their future investment strategies and prospects. Forward-looking statements are inherently subject to, among other things, risks, uncertainties and assumptions that could cause actual events, results, performance or prospects to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and assumptions include, without limitation, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, the volatility of global equity and capital markets, business competition, technological change, changes in government regulations, changes in securities laws and regulations, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events and the ability of Mackenzie to attract or retain key employees. The foregoing list of important risks, uncertainties and assumptions is not exhaustive. Please consider these and other factors carefully and do not place undue reliance on forward-looking statements.

    The forward-looking information contained in this report is current only as of the date of this report. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise.

    This Annual Management Report of Fund Performance contains financial highlights but does not contain the complete annual financial statements of the investment fund. You may obtain a copy of the annual financial statements, at no cost, by contacting us using one of the methods noted under Fund Formation and Series Information or by visiting the SEDAR website at www.sedar.com. Securityholders may also contact us using one of these methods to request a copy of the investment fund’s interim financial report, proxy voting policies and procedures, proxy voting disclosure record or quarterly portfolio disclosure. For more information, please refer to the Fund’s Simplified Prospectus, Annual Information Form and Fund Facts, which may also be obtained, at no cost, using any of the methods outlined above.For the Fund’s current net asset values per security and for more recent information on general market events, please visit our website.

    Annual Management Report of Fund PerformanceFor the Year Ended March 31, 2020

  • CANADIAN EQUITY FUND

    MACKENZIE CANADIAN DIVIDEND FUND (Formerly Mackenzie Canadian Large Cap Dividend Fund)

    Management Discussion of Fund PerformanceJuly 13, 2020

    This Management Discussion of Fund Performance presents the portfolio management team’s view on the significant factors and developments during the year ended March 31, 2020 (the “period”), that have affected the Fund’s performance and outlook. If the Fund was established during the period, “period” represents the period from inception to the end of the fiscal period. For information on the Fund’s longer-term performance, as applicable, please refer to the Past Performance section of the report. In this report, “Mackenzie” refers to Mackenzie Financial Corporation, the manager of the Fund. In addition, net asset value (“NAV”) refers to the value of the Fund as calculated for transaction purposes, on which the discussion of Fund performance is based.

    Investment Objective and StrategiesThe Fund seeks long-term capital growth and dividend income with below-average risk by investing primarily in Canadian equities. It may hold up to 30% of its assets in foreign investments.

    RiskThe risks of the Fund remain as discussed in the Fund’s Simplified Prospectus.

    The Fund is suitable for medium- to long-term investors looking for a Canadian income-oriented equity fund to hold as part of their portfolio, who can handle the volatility of stock markets and who have a low to medium tolerance for risk. Before June 28, 2019, the Fund was deemed suitable for investors who had a medium tolerance for risk.

    Results of Operations

    Investment PerformanceThe performance of the Fund’s Series A and Quadrus Series securities is discussed below. The performance of all series is shown in the Past Performance section of the report. Where series returns differ, it is primarily because different levels of fees and expenses were charged to each series, or because securities of a series were not issued and outstanding for the entire reporting period. Please refer to the Fund Formation and Series Information section of this report for the varying management and administration fees payable by each series.

    During the period, the Fund’s Series A and Quadrus Series securities returned –14.8% (after deducting fees and expenses paid by the series). This compares with a return of –14.2% for the Fund’s broad-based index, the S&P/TSX Composite Index, and a return of –12.5% for a blended index composed of an 80% weighting in the S&P/TSX Composite Dividend Index (returned –14.2%) and a 20% weighting in the MSCI World (Net) Index (returned –5.5%). All index and series returns are calculated on a total return basis in Canadian dollar terms. Investors cannot invest in an index without incurring fees, expenses and commissions, which are not reflected in the index returns.

    After reaching multi-year highs in February, Canadian equities fell sharply and ended the period significantly lower due to concerns about the impact of the COVID-19 pandemic on global economic activity. Energy stocks were especially weak as crude oil prices declined markedly in response to global production increases and lower demand due to the pandemic. The utilities sector, which is sensitive to interest rates, outperformed as a result of declining bond yields.

    Within the S&P/TSX Composite Dividend Index, utilities, information technology and industrials were the strongest sectors, while health care, energy and consumer discretionary were the weakest.

    Global equity markets rallied strongly into February despite weakening economic data, particularly within the manufacturing sector. Declining interest rates and the “phase one” trade deal reached between the United States and China provided hope for a recovery in global gross domestic product growth. However, global equities fell sharply in March in response to the worldwide health measures put into place to mitigate the impact of the COVID-19 pandemic. A weaker Canadian dollar late in the period boosted returns for Canadian investors.

    Within the MSCI World (Net) Index, Denmark, Switzerland and New Zealand were the strongest-performing countries in Canadian dollar terms, while Austria, Norway and Belgium were the weakest. From a sector perspective, information technology, health care and utilities were the strongest performers, while energy, financials and materials were the weakest.

    The Fund underperformed the broad-based index, with stock selection in the information technology sector detracting from performance. Conversely, stock selection in the health care sector contributed to performance. Given the Fund’s mandate, the return of the blended index is a more meaningful comparison.

    The Fund underperformed the blended index, with stock selection in the materials sector detracting from performance. From a geographic perspective, stock selection in the United States and Canada detracted. Conversely, stock selection in the energy and financials sectors contributed to performance. Stock selection in Germany, overweight exposure to Switzerland and holdings in China contributed on a country basis.

    The Fund’s exposure to selected foreign currencies was partially hedged. Hedging detracted from performance primarily as the euro, the Swiss franc and the British pound appreciated relative to the Canadian dollar.

    Over the period, the Fund’s exposure to the energy sector decreased as the outlook for the sector deteriorated. Changes to the portfolio included new positions in Brookfield Asset Management Inc., Choice Properties Real Estate Investment Trust and Brookfield Infrastructure Partners LP.

    ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE | For the Year Ended March 31, 2020

  • CANADIAN EQUITY FUND

    MACKENZIE CANADIAN DIVIDEND FUND (Formerly Mackenzie Canadian Large Cap Dividend Fund)

    Net AssetsThe Fund’s NAV declined by 11.1% to $2.3 billion at March 31, 2020, from $2.6 billion at March 31, 2019. This change was composed primarily of $349.5 million in net losses (after including dividend and interest income) from investment performance, after deducting fees and expenses, $67.4 million in net sales, and $10.6 million in cash distributions.

    See Other Related Party Transactions for the percentage of the Fund’s NAV owned by related parties. As a result of these investments, the Fund is subject to large transaction risk as discussed in the Prospectus. Mackenzie manages this risk to reduce the possibility of any adverse effect on the Fund or on its investors, through such processes as requiring advance notice of large redemptions. At March 31, 2020, Mackenzie had received no such notices.

    Fees and ExpensesThe management expense ratios (“MERs”) for Series A of 2.29% and for Quadrus Series of 2.31% during the year ended March 31, 2020, were unchanged from the MERs for the year ended March 31, 2019. The MERs (before and after waivers or absorptions, if any) for all series are presented in the Financial Highlights section of this report. The MERs for Series PWFB5 and L8 Series decreased due to a decrease in fund costs and decreases in the management fee rates effective June 1, 2018, or June 28, 2018, as noted in the Fund Formation and Series Information section of the report. The MER for QF5 Series increased due to an increase in fund costs.

    Recent DevelopmentsGovernments worldwide have enacted emergency measures to combat the spread of the COVID-19 virus in the last several months. These measures have caused significant volatility and weakness in global equity markets and material disruption to businesses globally, resulting in an economic slowdown. Governments and central banks have reacted with significant monetary and fiscal interventions designed to stabilize economic conditions.

    The duration and impact of the COVID-19 pandemic on businesses and markets, and the extent of economic relief measures provided by governments and central banks, are unknown at the reporting date and it is therefore not possible to reliably estimate the impact on the financial results and position of the Fund in future periods.

    As the COVID-19 pandemic reached all corners of the world, the stimulus provided by governments and central banks was designed not only to soften the economic impact but also to improve financial market liquidity. In this challenging period, the Canadian equity portfolio management team has continued to evaluate a wide range of potential outcomes and to adjust the portfolio accordingly.

    The global equity portfolio management team believes that, given its long-term time horizon and focus on high-quality companies, the portfolio may benefit from market volatility. The team will look to take advantage of any volatility as it occurs by purchasing undervalued holdings in companies that have a positive long-term outlook in the team’s view, based on ongoing research or the portfolio’s previously held positions.

    On September 27, 2019, the Fund was renamed Mackenzie Canadian Dividend Fund.

    Related Party TransactionsThe following arrangements result in fees paid by the Fund to Mackenzie or to companies affiliated with the Fund.

    Management and Administration ServicesFor each applicable series, the Fund paid management fees and administration fees to Mackenzie at the annual rates specified under Fund Formation and Series Information in this report and as more fully described in the Prospectus. In return for the administration fees, Mackenzie pays all costs and expenses (other than certain specified fund costs) required to operate the Fund that are not included in management fees. Operating expenses attributable to B-Series are charged directly to that particular series. See also Management Fees.

    Other Related Party TransactionsMackenzie is wholly owned by IGM Financial Inc. (“IGM”). IGM is a subsidiary of Power Corp. of Canada. Companies related to Power Corp. of Canada are therefore considered affiliates of Mackenzie. At March 31, 2020, the Fund held the following investment(s) in companies affiliated with Mackenzie: $21.9 million invested in securities issued by Power Corp. of Canada and $3.8 million invested in securities issued by Pernod Ricard SA. The investment(s) represented 1.1% of the Fund’s NAV. In making the investment(s), Mackenzie relied on the approval of the Mackenzie Funds’ Independent Review Committee. The Independent Review Committee issued the approval on the basis that the investment(s) would be made in compliance with Mackenzie’s policies. Mackenzie’s policies are designed to ensure that any related party transaction (i) is made free from any influence by an entity related to Mackenzie and without taking into account any considerations relevant to an entity related to Mackenzie; (ii) represents the business judgment of Mackenzie, uninfluenced by considerations other than the best interests of the Fund; and (iii) achieves a fair and reasonable result for the Fund.

    Investment funds managed by Mackenzie invest in Series R securities of the Fund on a prospectus-exempt basis in accordance with the investment objectives of those funds. Series IG securities are offered on a prospectus-exempt basis to mutual funds managed by I.G. Investment Management, Ltd., which is a company affiliated with Mackenzie. Series S securities are also offered on a prospectus-exempt basis to London Life Insurance Company, The Great-West Life Assurance Company and The Canada Life Assurance Company (collectively, the “Related Insurance Companies”), all of which are companies affiliated with Mackenzie. The Related Insurance Companies were amalgamated into one company, The Canada Life Assurance Company, effective January 1, 2020. At March 31, 2020, funds managed by Mackenzie owned 7.6% of the Fund’s NAV, funds managed by I.G. Investment Management, Ltd. owned 35.5% of the Fund’s NAV, and The Canada Life Assurance Company owned 12.5% of the Fund’s NAV. All related party transactions are based on the NAV per security on each transaction day.

    At March 31, 2020, Mackenzie had an investment of $0.4 million in the Fund (less than 0.1% of the Fund’s NAV).

    ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE | For the Year Ended March 31, 2020

  • CANADIAN EQUITY FUND

    MACKENZIE CANADIAN DIVIDEND FUND (Formerly Mackenzie Canadian Large Cap Dividend Fund)

    Past PerformanceThe Fund’s past performance information is presented in the following charts and table. It assumes all distributions made by the Fund in the periods presented are reinvested in additional securities of the relevant series of the Fund. The charts and table do not take into account sales, redemption, distribution or optional charges, or income taxes payable by any investor that would have reduced returns. The past performance of the Fund is not necessarily an indication of how it will perform in the future.

    If you hold this Fund outside of a registered plan, income and capital gains distributions paid to you increase your income for tax purposes whether paid to you in cash or reinvested in additional securities of the Fund. The amount of reinvested taxable distributions is added to the adjusted cost base of the securities that you own. This would decrease your capital gain or increase your capital loss when you later redeem from the Fund, thereby ensuring that you are not taxed on this amount again. Please consult your tax advisor regarding your personal tax situation.

    Year-by-Year ReturnsThe following bar charts present the performance of each series of the Fund for each of the fiscal periods shown. The charts show, in percentage terms, how much an investment made on the first day of each fiscal period, or on the series inception or reinstatement date, as applicable, would have increased or decreased by the last day of the fiscal period presented. Series inception or reinstatement dates can be found under Fund Formation and Series Information.

    –12.8

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    0%10%20%

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    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE | For the Year Ended March 31, 2020

  • CANADIAN EQUITY FUND

    MACKENZIE CANADIAN DIVIDEND FUND (Formerly Mackenzie Canadian Large Cap Dividend Fund)

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    Series A

    Series AR

    Series D

    Series F

    Series F5

    Series F8

    Series FB

    Series FB5

    Series G

    Series GJ

    Series GO

    Series GO5

    Series I

    Series IG

    Series O

    Series O5 (formerly Series O6)

    Series PW

    Series PWFB

    Series PWFB5

    Series PWR

    Series PWT5 (formerly Series PWT6)

    Series PWT8

    Series PWX

    Series R

    Series S

    Series T5 (formerly Series T6)

    Series T8

    Investor Series

    B-Series

    Series UM

    Quadrus Series

    H Series

    H5 Series

    HW Series

    HW5 Series

    L Series

    L5 Series

    L8 Series

    N Series

    N5 Series

    D5 Series

    D8 Series

    QF Series

    QF5 Series

    QFW Series

    QFW5 Series

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.7

    –2.7

    12.2

    –14.8

    7.10.5

    16.0

    –2.7

    7.314.4

    6.2

    –5.0

    9.6

    –14.7

    7.10.5

    16.0

    –2.7

    7.214.3

    6.0

    –5.1

    9.5

    –14.1

    3.7

    –12.8

    3.9

    –13.6

    8.5

    –1.9

    –14.8

    7.10.3

    15.7

    –2.9

    7.114.2

    6.1

    –5.1

    9.5

    –13.7

    8.31.4

    17.1

    –1.8

    8.315.5

    7.2

    –4.1

    10.7

    –13.8

    8.41.4

    17.1

    –1.8

    8.315.5

    7.35.3

    –13.6

    2.2

    –13.5

    2.3

    –14.5

    7.40.7

    16.2

    –2.5

    7.614.8

    6.67.9

    –14.5

    7.50.7

    16.2

    4.6

    –14.5

    7.40.7

    16.3

    4.8

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.813.9

    –12.8

    9.62.7

    18.610.4

    –14.7

    7.10.3

    15.7

    –2.9

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    7.10.3

    15.8

    –2.9

    7.214.4

    6.1

    –5.1

    9.5

    –13.8

    8.31.3

    10.8

    –13.9

    8.31.4

    10.8

    –13.6

    2.2

    –13.4

    2.3

    –14.8

    7.10.4

    15.9

    –2.7

    7.214.3

    6.1

    –5.1

    9.5

    –14.8

    3.6

    –14.0

    8.01.3

    17.0

    –1.8

    8.21.0

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.2

    –4.1

    10.7

    –13.7

    10.3

    –13.6

    8.51.6

    17.3

    –1.6

    8.415.5

    7.1

    –4.2

    10.6

    –13.8

    8.31.5

    17.2

    0.1

    –13.8

    8.31.5

    17.2

    0.1

    –14.3

    7.71.0

    16.6

    –2.2

    7.814.9

    6.6

    –4.6

    10.1

    –14.5

    3.6

    –12.8

    3.9

    –12.8

    3.9

    –14.3

    7.71.0

    16.6

    –2.2

    7.915.1

    6.9

    –4.4

    10.3

    –12.8

    8.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.1

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.6

    8.70.5

    –14.6

    7.30.6

    16.1

    –2.6

    7.510.7

    –13.6

    8.51.4

    –13.6

    8.81.7

    –15.4

    –14.6

    7.40.4

    –14.6

    7.30.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.84.3

    –12.8

    9.62.7

    18.6

    –0.5

    9.817.2

    8.8

    –2.7

    12.2

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%

    0%10%20%

    30%40%

    Mar-20Mar-19Mar-18Mar-17Mar-16Mar-15Mar-14Mar-13Mar-12Mar-11

    –30%–20%

    –10%