NFO Analysis: ICICI Prudential MNC Fund
ICICI Prudential Mutual Fund, one of the largest fund houses, has launched an open-ended equity scheme that aims to invest in stocks of multinational companies (MNCs). The new scheme started for subscription on 28 May 2019 and will end on 11 June 2019. This is a thematic fund and third in the industry targeting MNC stocks. The other funds that are in this category are Aditya Birla Sun Life MNC Fund, SBI Magnum Global Fund and UTI MNC Fund.
Objective: It is an open-ended equity diversified fund that would majorly invest in equities and equity-related securities of companies within MNC space. The primary objective of the scheme is to generate long-term capital appreciation by investing in these companies.
Strategy: There are around 120 companies listed in Indian bourses that have can be characterised as MNC companies owing to the foreign shareholding of over 50 per cent. Nonetheless, fund’s universe of stock also includes companies incorporated in India with business operations across the globe and foreign companies having business operations across the globe but not listed on Indian Stock exchanges. The fund will select and invest in these companies based on bottoms-up approach. There is no limitation on market cap or sector weightage, however, the fund intends to build high quality and diversified portfolio.
Fund Manager: The scheme will be together managed by Anish Tawakley and Lalit Kumar. Priyanka Khandelwal will be handling investment in overseas securities. Anish Tawakley manages a couple of funds, a major one among these being ICICI Pru Bluechip Fund with asset under management (AUM) at Rs. 21,846 crore and returns generated by this funds in the last one year is around 9.4 per cent.
Our Recommendation:
In the last one year, MNC category has underperformed the frontline market and has given an average return of 1.45 per cent. Against this, the BSE Sensex has given a return of 13.22 per cent. Tracking the past performance of the MNC index we see that in the long run, they have outperformed the frontline indices.
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IfANIu4A0JlrGClXtoqsRprNFkkw7tomzbgaZbFqhIGv8aV6eWePfEnk0W1Iis7P0mMwy+fMU+Z7Xti62nxU+GgJGtZDhVJZae64cQyZJtBiH2QbriiiucbzMhBuD6A80GklHujjvuCPLQgwnpKUcGHz8daThKSBx2F2JcG1eOxNUrovDjl6NsaSFxiq2bpNPXTp06FT1AllOubzisZeFjFuf4+C1evDhYcRrXjmzbEOfiyi3UDnH5xfmX8p7E5aX9tfyCP++tfh/52DH9xka9OImX9N3X5ZWKd7421Pn791H2SPzooE2ljr7dUr62KyRHvr4psmlDefySTCEKbj7myM62HoxNerwhX0kT15733HNPs0UhIqO+VuvdYw9Bf1zDvnPevHnhqmAtV6H7emn7QvVMYzhaSTm5RJQQnI6Qz7EQg7hMe4uT0zrw51ss2nbCdRh7zTHlXbSbOnVqYyXcmDFjGp1zwV+vXr0at23b1izbWbNmhXGIe8stt4RxSg0LMyhwU6l6FijGgg0BQ8AQSA0CW7ZsaTz66KODcbdLly6NDQ0NqZHNBGlZBNLQ9m/8+bHGv3x7UuPffv9/LVZZqefixYsTlbF06dLGM844o/GUU05plDSvv/5644QJExp37tzZKPkJPyH+Rz/60ZDTwFXiOE6cAPCPimi2UPOyIkVWckWt4mKlCapm2VWbXxasuoMhlhpWNLO0BIaAIWAItCIE2MWfP1whA/VWBEurqGqt2/7N5X92f73qSrfxqSfdcz++IRWYowWDd7D3nN5+Bw06GxDLBreywAuh2baIZ5mVQVsM1xEb5qQVK5tsQZTYFVh2QI8rmK0GONsNI0gc6nWmCtjRvNSwuLLM3xAwBAwBQ8AFBu1iZ1XIQN3wqi8EWMwgbX/0P3a5F274H/fE5Evc2nvnVqWiK6+71u3asjko670dO9zmhoYWLZfzLmUaUU8P6kIhWRMmTAh5iA6TewgZtnxiLoPJh94hAJMbyFmhcz4lP7m2lZtSr2im9tlnH9e5c+ewYdnp+pprrsnJMmrJsOzWW2pYTgHeAywVDZs4GsGcIWAIGAKtBQFWduojskaMGNFaqt7q60nb/9/8+QEO++/Z3h28batb94em49LQNEF+eo/7bEGc0E6tvfsu13XYca7H6E8XjK8j7Ni4UT+6l2bd4Q6f8r0cv0o8YC/IAfbisK/CPpgTEEQbRdiyZcsC7RXHgeVzEDJW+MsCkPHjxzvO9eX0FnG+7aX457uWTbbIHO3WO++8E1SMe7RXTC2KsPkEaKmwiRMn5mStlyznBNiDIWAIGAJ1iADHM23e3KRZqMPqWZXyIHDA9m1u/mmnhJolPyrEJx/ZWj17lnv517MDUkbad1atjCVb6x960K2b94Dbb/AQ165Ll+B+2+vr/SLdhkcru/1JswLe99DTfDKTRhAmTJxwoEkTq2VZWSsLPjCcZ2U4Czq0k2Pn8IPjQMa6d++uoxS8rwjZ0qWgXpN9obR/1D37w8StuCk1LKoc8zMEDAFDwBAwBFoLAnoKL6rOaLbyuTWzfuUa//FeGMWP/+oDv3UbFj/kuhw90L1y31yHFguN2W7t2oUELUxc5RvMkpjJ8skQGir+xKEQYtWiKIXE9pyj3fI59o4bNWpUjtYsX3wJK9tmi31xOOhVtilAVcc2Bf5SWDa5ZGpPlkxKPFTbpYZJJexqCBgChoAhYAgYAk0I+FN4aJx8h/0WfzK9KOFMHWqiJf5r7vp1cAvRwuAdcoWGTJflkzJJ25JXNE1s/yP2Wpdcckk4hShhcTZcIhd8BEN49oiTfHr37h2cU0zYHnvsEfqzGNA3k5J88l3L1mwxX8q+OBiniTEeewmhvpMpRfYvgT1Onz49WLUoAkk84pYSJvnY1RAwBAwBQ8AQMASaIzDiN/NCz4WnnBzeQ5ZwTBF2H9l0SgnPaMWiHMRq26uvuA2PPhoGFyJX+w08xkHexGGc3/P0MfJYkSuzaXHT5fnC9NQgC/befffdSHnyhUUmiPEsm2yRb5wwfkV9NZ6WqdQwnYfdGwKGgCFgCBgCrRkBrWlKggOECe0WhAutlU7fZrfdXON7TdOJEi9JnsQRkvfgv54eTi2+8LOfJDbOT1pOVuKVPY2YlYqanIaAIWAIGAKGQD0jgBZp+TcvCqvYqV/0aSJhhPdvmBaEcKG9EodWqsfoU+SxqGvXIZ8I4/eZcFZ4z40uIyfAe8DwvppbVXjFV/yxIpqtiktlGRoChoAhYAgYAoZAUQgwBag1Uz7RiTNgR2sF4dLTgmzTQPx2++3nGm6fUZQceosHVj3q9LqMfJmiBaMuTHe+vvhB9+FRo3OmO/OlTWOYka00torJZAgYAoaAIWAI5EFA9sAiSrcTRgbbLmiihX/XIUNycoB8aeKjA30SBNHCQZbYY+tPn5+YQ8Ywupfy9u7f3/195cogftR+XHEkT5cv91IvyRt/8mZTVG1bJvGzcjWylZWWMjkNAUPAEDAEWh0Ceh8rMS6HkHAUjuzQjpH7brs3kSMBKIr0QJz0/lraYF7ScfWnH9t27Oh6nPxpt/beOY4pQq250uni7n2SJzZiUfF97ZzEgQwyrQixzCLpMrIlLWlXQ8AQMAQMAUMgZQjo6TQIB2TJ30cLf18zdfD/u6BgTeI0Tv70Ixkd9MUvBX8FM42IgMzYaomMTFnGESat0fKzYkrRXz3px0nrsxnIp7VlTC5DIIMI+HvSsGfNd77znbw14XgNvY/NvvvuG+7HR0I/T/bm2759e7M8yUf2yInbV4djTL7whS80K+9rX/uaizo2rFkh5mEIVBEBf3UghAVNVz5CUox4aKuinD/9GBWnWL+ugz+Y0oR0yb5dkg/aOjRXhVxUWtJIetk3LG0G9ka2CrWshRsChkBiBDgSQ/bbk0Q333xzDnkSf64c+nr11VfnpNm4cWPOIa9+nosWLQo2SNb5JLnnKA42Yf7lL3/ZrLwf/ehH7hOf+ESsnEnytziGQKUR8FfuQTTQdFXKoa1ii4aep4+tVJax+fQ6I/csRl03mRaVvb9iM3k/gLT+hqxo+0iP1oz8nruxaeNV8PKJXaH8WyLcyFZLoGp5GgKGgBs4cKBr166dgzwtXLgwEhGOxuAsMhxkJ6m7/PLLI7VbcekhWqTBcYgsGy03NjYGf1u2bHFXXHFFoO2KS2/+hkC1EYAwRGmwfD8xZEe+fmefG4gZZa+VT/5+Z5/juh13fBBFb9uQL02xYZ369QtWN0o6mVJEA6XtzyRcrlIneeZKWiFWPGsNIGF+fpAz0XgRX7RgOs+Wvjey1dIIW/6GQCtF4Jhjjgk0SVQ/jhzdeeedATqnnnqqY3qwkONcMtzLL7+cWLvFNKQ+iB6Cd9JJJ4VFcQoGR3ysW7cuOPkiDLAbQ6CGCKCpKeQgRmJfBcHCNgpNVRJ7LZ03hO1jk74dpC3W+F3nU+g+atoSzZMY+kellzpRL00siQuxkuODdFo/P+Kh8cIVq0XT+ZZzb2SrHPQsrSFgCMQi0LFjRweJwkGO5PxUScBxXr///e+DxzFjxri2bQuv1+nTp48jX1wcgZP85cqZZzK1+Y1vfCM8eFbC7WoIpAEBSMCj/3ZO8IcWxtdg+TIePuU/g1WBQkaKJVh+ftV4ZtpSO6YCo+rJVhI4X0On7b4knxd+/lO5bXaVfAiAcAnR8slYs4Qt4GFkqwVAtSwNAUOgCQEOmWcqEafPIuP5xhtvdEzhMa2XRKtFmm7durlvfvObQX5JtFvYhN1///1BfP4ddthh4b3dGAJpQgBN1vb164M/0cKIfP5B0uzu3hJG7FJeta6+jRaaOjRYA384PVJD59t9ISckKs6Rj9aGPf2D7+fVosXlUwl/I1uVQNHyMAQMgUgEMEjnD3f33XeHdlaaBHFIfc+ePSPTR3mef/75ibVbkLlVq1aF2Rx88MHhvd0YAmlBQNscIZNPIAZc/t85on788u/nPNfLQ6EpTOy+fG2X1B2bM02sxAZNT11qXP29xCSflroa2WopZC1fQ8AQcNhDRU0lPv30044/XNIpRIGTA+5//vOfB49JtFuSzq6GQBoRYMqw4fbb8oqmSUbc/lR5M0hRoCZEpYjFdCnaL9/1//o3go1X8UdDxjMO4/8oJ7ZuUWEt4Vc22eIXKquOZH8brhdffHGkrHofHOLdeuutYbxSw8IM7MYQMARSiYCeSrzqqqvcrl27AoN17KiKmULUlTvttNPc0UcfHXgltd3S6e3eEEgDAmi0/A1KfblkdaCQDCERfrysPEfZXVVCdkicbGWBhkxInVz9Mqo9DVs22ZIKLF68OFxKfc0114h3eMUYdtKkSY49c1hyvXTpUjdlypRgX5tSw8LM7cYQMARSi4CeSmSz0eXLl4eG8cVOIUol0Zh961vfCh7zabcwpj/kkEMkmXvuuefCe7sxBGqNgN5rypeFaTA0OIWm1vx0aX+OsrtCZpn2Syp/HImKSl9M3Kj0lfCrGNkqJMyCBQvcuHHjwqXVgwYNcoMHDw723yk1rFCZFm4IGAK1R0BPJbLnFisCsaXCFTuFqGvja7e2bdumg4N7yu7Vq1fozw7y5gyBNCDAyji9Eu/4e+4NNxfV02BpkLWSMvj7bUnexWrs9DRgnB2X5K3ttvArlthJPuVcK0a2hg0bFk4lRh2VEXUUxoABAwLZSw3LV/GZM2cGUxXsr8Mf05bmDAFDoDYI6KnERx55JBCi1ClEqQFE6qabbgpWO6LdEjsuCZfrmWeeKbduxowZtkt8iIbd1BIBfx8ttC9R02C1lLGlyhaiJFszQJaK1T7Jlhdo/wpte4Hdls6/WGJXCRwKb2xToBQGPKYFxGF7ddZZZwUrgNq3by/eVb9OnDgxp0y9qWFOgD0YAoZAiyMgU4myWzwFnnvuuaGmu1QB0JBD5ObOneuExPl5jR8/3rF5KnHQrGFjOmvWrHBjU+xO//d//9dxrNCvfvWrsmXyy7dnQ0AQwEZrw+KHgket1SqkmZH09XKFKPFXLQfRguA13D4jWM2oiVfVZKh0QSeccEJgk8VuzIXcihUrYqOUGhaboQUYAoZAzRDQU4kixNixlTmPbfLkyeFeXpK3f73jjjtCg3oI16hRo0JNPHZdHE797LPP+sns2RCoGAKy0zl7S+n9pdiCoJBmpmJCtOKMRBNWK6wrNo0obYj9FVN23bt3F6/gyq9PpvZWr14dPHOExpIlS4LNDEsNyynAHgwBQyBVCLDbu3bYbMru79hRcZxPsa5Hjx7NkqDdmjp1aki4mJ7044kGno1Vjz++6Qw4yYj4X/3qVwPNWN++fcXbroZAxRDAPitueweZUqtYYZZRKhFoM3Xq1EZ+GZbqWEnIACUGrwyibCLIFKKEcegrq46YYpwwYUJYFCsY8ceVGhZmVuCGacRy6lkgews2BAwBQ8AQMARyEHj7qSfdSzPvcJsaGmJ3Lo/aMyonE3vIPALwj7JttthgcPPmzZFg+GHYTvAX5UoNi8rL/AwBQ8AQMAQMgVoj8MxVV+SsOEQe7LP26Lp/aD9Uaxmt/OogUDbZqo6YVoohYAgYAoaAIZAtBLQRvEguNkPVNBCXsu1aOwQqbrNVu6pYyYaAIWAIGAKGQDoQiCJa6ZDMpKgFAka2aoG6lWkIGAKGgCFQ1wi8fPddzepXi800mwlhHjVBwMhWTWC3Qg0BQ8AQMATqFQFWH3LAtHb1vCu8rqfdRyNgNlvRuJivIWAIGAKGgCGQGIH1Dz3o1s17wLFvFkRr15YPFo7ZisPEMNZtRCNbddu0VjFDwBAwBAyBlkQgimDpDUspu7XtDt+SeGc5byNbWW49k90QMAQMAUOgZgi88LOfBFs7+ARLBIJoyepD8bNr60TAyFbrbHertSFgCBgChkARCMi5hu27dXPb1693XY4e2GwPLT87I1o+Iq332chW6217q7khYAgYAnWJgEzv7Td4iOt5+piy6yjnGgYZPdWUXZw2q+zCLIO6RMDIVl02q9eA14gAACAASURBVFXKEDAEDIHCCLBq7rkf3xBE5Iy+7iNPLJwoAzH09N57O3a4Tv36ubXvb8WARqrYDUVfmnVHolrvN/AY17ZjRwfZY/WhOUNAEDCyJUjY1RAwBAyBVobAyuuuDafCIF31QLYgkHpDUYjSbru3C1cHvrNqpdv4+PKgpZMQLz+/qFdk4A+nu7379w+DPjbp2+G93RgCIGBky94DQ8AQMARaEQKQB7Q8kANNStAAsWVBFgmXrtOrDzyQ05rUiz9x3MsUIMSrkJYLQprPdTni4zlEK19cC2u9CFR0U9PLLrvMtWnTxj388MORiM6ePTsIJw5/t956axiv1LAwA7sxBAwBQ6COEYBQPPpv5wR/smFmlF8hCCAPkI01d/26WVSZUmwWkGIPMPjrVVeGddL7WxUSWwhmXDymAzUhFe0VqwzZO4u/I6ddGZfc/A2BEIGKabaWLVvmnnnmGXfKKaeEmeubDRs2uEmTJrmGhgbXt29fR/zTTz/djRgxwnXq1KmkMPIxZwgYAoZAa0DAn/Kjzg23zwjJQKFpQEgJcTR58HGDfOzasiWwO/LD0vgsRKsYguXXIw63AK8bm+zZJA3TheYMgVIQqIhma+vWrW7KlCnuqquucm3bRvO3BQsWuHHjxgVEC0EHDRrkBg8e7BYuXOhKDSulwpbGEDAEDIEsIYB25YnJl+SQJEiRT5zwQ1tFXFbPQRa4Fy0YZI0tCwq5rWvXFoqSivBCREu0TzJNiPG6nE3Y4cCeYR3ALcqBl0/i4uJGpTc/Q0AjEM2MdIwE95CsCRMmhEQqKsnKlSubeQ8YMCDwKzWsWYbmYQgYAoZAnSEgK+v8akV9+NF04cQmiXvsktp16ZJD1nRerJojHIKG29TwYiZskKLIEPIff8+9brd27cIq9jv7XMefODFeX3jKyeIVXCFv2LJ1O2FkYLfmawA7HtgzJ9+cxPaQKQSWP/+mu/tPL7lp5wysmtxlky2mA2fOnOmefPLJqgmdpCBkWrNmTRgVGzFzhoAhYAhkAYFgCuvHNwSG3f5Hv1j5IWUQE9/p3c3X3js3DN726qvhvb6p9N5VOu9i7yGGUbhAHDXRSpqv1pJBTn0iq7FKmqfFSycCEK0r737Kbdm+q6oClk22sMF6/vnn3Z577hkKPnfuXHfLLbe48847L/SLulmxYoXr1atXVJArNUwymzhxotwG12nTpuU824MhYAgYAmlEQH/4o+RDSyMarKjwKD9NTKKIQ4cDDwyTrX9okevYt2+g3RHSR+CuzVuCaTW0Zq8vftAd8KmRNTn3D9LXcPttobzcRNUpJ0LEA6RMSBUG9jJliJ/On6lH2wk+AsAEXqJBOmFAdzfyqA8nSFG5KJR942+aZtS6dWnvjj2kq+v5oY41IVrUqmyyNX78eMefuLFjx7qLL77YDR06VLyC6+jRowOD+AsuuCA0kF+yZIm79tprHcbzGMsXG5ZTgD0YAoaAIVAHCMRNj1E1SAU2SOwdJUQBMgABSeqiiMNe/T4SJG90zu3cuNGt+tH1bv2CP7hNDQ0hCdH5/33lSsffhsUPBd6s0kMGsQnjSJuW2iSVaVUhRhTuTxtqOfPddz6kfzjdqvMjjX7u//Vv5MvGwvIgMH3uM27j5h1u5dp3qka2hGStf3tbKBn3T67e6Nq13c3t2PVe6F/Nm7LJVj5hIVGsGJw/f35AvqZPn+769esXJlm8eHEQTpxSwsKM7MYQMAQMgTpAIG56jKqxzYC4Hid/2q29d06wSzlkYMOSR0PyJXGirpC1KIfNlmh6IFzuH/8IiUhUfPET2zC5ij+kK26Vn8Qp5oqGTeyptJaOPEqZNiRd5yOOSFTHUvMvpn71FPfBp15z85e/6jq23z0gWtQNgnPxzx5zww7v5sYMiZ7NKheDKJLl56mJ1vFHHOAHt+hzxcnWnDlzQoG7du3qNm/eHD77WrAwwLlAO6Y1ZEnDdDy7NwQMAUMgKwhoAiEbiepjYdBYxZGog774JcefOCFfnfp9xG1ueDHwJk+0TaIBwzNKqyV59DpjnHtpZrJjaSRNvqsuN1+8QmHU4bkbbwi0TT6pK+dIHDYjfcnlr6+sXiwko4U3IQDRYuouyh5q5SvvOP527nrPjRvWp+KQiRYtacZfH/OxpFErEq8iWz9URBLLxBAwBAyBVoQA04WQBzRA4rTWBo0VU3G4OI2UpIN4ofn65/+5IdxsU6cnXiFi0nfi51ynmL0LIXGSB+XEaXsknshV7BUCqrerCGzG3idaUXkdPuV7Ud6J/PY+5IPjdSSBXrWIn00hCjLJrj+b/1wzotWxfa5OZ+aihmSZFRmL6cpiHFOK1XS5KFSzZCvLEDAEDIFWjIAQKzRA7I/FYcnaQWiwz5J9onRY0vti0x960TfdY187P8xeT12Gns4FJBAjfUgg+3iJFgty+PQP/iuMmvT4n4BU/fiG0OaLFYH5bMYooFytk08YIYqCtdTNjxNWLIM3f/jL39zMRasDyScO71txGyqm8XzCM+TQ/d1FYz7mPnf1Q6GtFFN5yFKOwTxlsXWDGN7z7LvR/3ygO/+UJkINCZz76MthlGpPIVKwka0QfrsxBAwBQ6A6CMieVlIa04dtO3aUx5pdIXwQKOSTqc0oYTSJQ27IIpuGdh0yJLT9Il0+uy2mB9fNe8Bte319SLKkLMibP2UoYVzR0lVC6wSZ0kSRvHXddJlZvn/gsVfClXnUg6m+csiOxiLOVgqi9d3xHw+iThzez932hxfCZLJKMJ8Mki+JWE14yIGd3UNPNW3Ku3n7zkCDJob3TCFq99vLR+pHd/bIgxwYiM1WtacQEcbIVk6T2IMhYAgYAi2HgK/BkZL44O9QO5mXq7WRfEu5YteVz7bLz9PfNBTtlmxNIUTGT8Nz3GatUXHxi9OyxcVP4t/z9DE5RDFJmizG8afuhHQkqYsmPWjEunTaIyRukKAX121qNnWotUqUgY3W21t2hNolyvcJH+WgrYJUrXrlneDv3Z1NKwdlNaEvL/mgNdMatSitFVOGQviQrdpTiMhtZMtvPXs2BAwBQ6CFEMBOS6YP8xVRCa1NvvxbMgzNkN6aAq2XTM/pcpPgoOO3xL1PFFuijFrnyZSdJiNJ5RGSpbdQgCDt3na3kFzpMMnXJ1rij3YJOTCix/mETwzc2aKhGKfrNvCj+7k4rRWEryUM85PKamQrKVIWzxAwBAyBEhEQjZZPMKKO0WEaL+u2QrI6ErjQcv1t/gPuwNPGODRJOPCIc6LBgqSJhqzQAoG4vFqrvxClHbv+EUu0zpv+p2B6js0+/e0YIGg/jTB2hyD5JElj7E/f6TC0SZPOODwkW4RNvm25O/BDHR3yatKk0yW9R6MF0aqF1iqJjEa2kqBkcQwBQ8AQSICAkCqi7rl/t/CcPV+jxTQhZ/RtbmjIMUjHFqmYKbwEItUkSr+zzwn2AZPC2XeLaUN2nmcD1fUPFt6EtR5tpwSPcq+yl9X6jduDrI47oltoz8RUH/ZRhcgLWimZnlv89Hp38jE9AjuuOxY2OH/aMYm8aLSKdWixitVk9TtgL9fw2qaApL3yxpawSIhcmp2RrTS3jslmCBgCmUEAoqWPfYFgRB0CDdGSaULfIF38M1PpGEHjNHOy87xOhiE+tl0YzBfankKna633UXtZ3bX4pRCO6XP/Gt7rmznf+5S7/Q8vhHZTOkz2wHpqzdvBSkEdxr0QHO2PAfwhPfYOiF3c1KGOX8x9l07tArKIAT2rGeMc9YZYlkL04vJsKX8jWy2FrOVrCBgCrQYBn2hJxSERT//g+/IYXNFoaVesQbpOm+Z7vdIvTk5NPH1c4tLUqz+r5RY/s94d/ZH9cmyL/C0bIBdRm4bmwwVixPSabzflp6Escdg/fXf8gHBaThMb2VKBuMXaQSFH3FRkvmlIkUtftR3WZZdd5i6//PIguEuXLm758uXBCTU6PvezZ892EyZMCL3lHGffnwic3bxq1SrXvn37ML6Uwwk4/rGEYaSIGyNbEaCYlyFgCBgCSRCQaUM5EzAqjV6R15psj2RVomwl4WNTqe0b/Hyz+Kyn7mRaDW0S03loncTFaa0k3L+izdI2TNwz3SZTbmO//8dY4qOJFvlqYuOXU8wzWii951UxaePicjTgc88953bu3Onatm3rIEQ33HCDu+aaa3KSEG/SpEmuoaEhPKP5c5/7nJs4cWKzU2wgX4899lgO0Vq2bJl75pln3CmnnJKTb5KH6m6hmkQii2MIGAKGQMoRYMqLnc6ZNvSJFuQi7nDkerDHSto02Fxh7E6do6YV2f09yj9p/vUQD8NwDNV9Gymer7z7qRyiFVVfNFbnjDwoCOp/YOecKJAaTbRyAt9/kOk3pu20S5JWxy/m/oujDnZosPjT8lGXUh1HA86cOTMgWuSxYsUKd9hhh5Wandu6dau7+uqr3dixY8M88JsyZYq76qqrwnLCwAQ3ptlKAJJFMQQMgdaNABosDkLGdTl6oHvlvrmRWzhAtIRQiWZHkKvl3lkiQ62ugsXe/fs77LZak4ZPMJcVgjzLJp1MHUZNCRZa9UceWmslU3lxU30ig3+F+PBHedfN/WuwUhDSo6cJ/TSVfNZ7X5VbpkzvId83vvENd9555zUTFVJ29913u/79+wf72kVNE5Lovvvucz169HCDBw8O84BkMf3YN+ZIqzBizI2RrRhgzNsQMAQMAUFArybE6F1PDUoc2bJAntHs7Hz77WBVXmufMmutKwtl1eD+++zpHn329ZBYySpAeVe4snUBcaLsmbrts2ewclDix2meSp3q86cXpZyWvpYqb5RckC3+cFxPO+00d8899zTTQj3wwAPugAMOcL/85S/diSeeGGir9HSjaLWuv/76MC3Th2jOnnzyyaiiE/lVZBqRirVp0yb423fffd3q1U3nL/kSMAcq8bjeeuutYZRSw8IM7MYQMAQMgRZCQO+PFUW04jQ1ckC0TZm1UMOkPFvO5MMGC8PzKA2WiA95wo5KpvXYewqHlonptpu/OiQgY+JXrhZIyq3X6/nnn++eeOIJt3bt2pwqwjMef/xx9+KLL7rjjjvObdy40S1atMg9/PDDYTy0Wm+88YY75phjQj9svJ5//nm35557Bhxm7ty5btiwYTkcJowcc1O2Zqscw7TTTz/djRgxwnXq1KmZ0VqSsFLVeTFYmLchYAgYAgECYvjOA1Ng+ZyeOswXz8LqGwFZTUgt2f8qanf1KAQgWEKeZFrPj1crzZMvR1qfxZhdNFQLFiwISFH37t3zirxly5ZgtaGOdOedd7pLL700xzB+/PjxgQG9xMOW6+KLL67uakQxTBMhMEw79dRT5TG8Uvlx48aF852DBg0K5kMXLlzoOnToUFKYka0QXrsxBAyBCiKgpw25j3JGsqJQaV1+YoeVb6d2jQgHM6OtKta2Sudh980RYMoQg3ZmzHDaFguFEFxh/vz5AWGCTO2+++5hJmz9IFs4yGrDWbNmheGVuilbs4UgTCPK/hZxhmkrV65sJvOAAQMCv1LDmmWoPJhfXbNmTegjjRB62I0hYAgYAjEI6GnDqCjVIFqiKZF9l/iwc1DvCQO6Bzt9R8llfk0IiK1U1FE0lcKI9kmy51XH9ru7Ldt3OvatkhV3lbRVqlR9spwPChv21YpyKIQ2b94cBs2ZMye8929QArGFRCGXL4+4tBUjW0kM0+KEaAl/9s3Qbtq0afrR7g0BQ8AQKAqB/QYe46ple8WHnEN/cSvXvuPm/fnVcFqKZ3bWFueTMvFvzVdspTiuBnspjqIZdni3Zuf/lYKPaLKSTBEyPchqO39bhVLKtTTZR6AiZEvDgGHawIEDA8O0QtN8TDmi7otypYZF5WV+hoAhYAgkQUDbaun4rCb82Lcuqcq+UHzQ0ZiIY3Wa/rjzfPHPHgvOsuNekzLZAkDStparaP2o746d7+WcCyhH0dz98EuuXdt/CiHhDEFNWsOAiJukJAvNFVOF5gwBH4GyyVZSw7TRo0c7jN4vuOCCcOfWJUuWuGuvvdYxp1pKmF8ZezYEDAFDoBwEtK0W+ciB0eXkGZVWPt6E+R/96XOfybtyjTQQCA7j3b3tBwvKo7YMKFS2hJ82uGdFND+SXzWuQrCSGqP7BzNDUhesWFdwWpZy2GA0bjUhBIuVhHqDzmrU38rIFgJlk62khmkYoE2fPt3169cvRIizhdB+8VdKWJiR3RgChoAhUAEEfFutljgY2rf14aOPhkXIg08K4qoFufIJFobXaLdkapG02HhByuYvfzV2lRzTbvctWduM+MWVXWv/QgQoiXxgxzSjPy2r07Jlw0/nP9eMaOkVhDq+3RsCcQi0mTp1auPkyZPjwuvGH5ut1lDPumkwq4ghUAMEFp5yclhqJY3gIQeQKj0dGBbErvSd2uVMfUkY2hIhVOy3JKvYJDzq6udFHh3bt43M309PXHYm950YnONfCwN9IaKHHNjZrXrlHffiuk3NCJAvsxAiiCRn8fm46PhgK2VI/fR5hRJX8pRnuxoCSRCAf5St2UpSkMUxBAwBQyDtCGCv5Vg63tgYiCrH7iSRW5MRprVwenqQqcF8GquoMHYU79utU2C/xUceJ6vY9AHCTGOx87g4P69AA7Z5hwTnvRIXQsiO5bgokphPE5Q38xIC/fLlkGY/q3wkSPauom5yJA2bhr7yxpYwG84nFCJM/R5/8a3g6Jowwvs3sh+W72/PhkAhBIxsFULIwg0BQ6DuENCG8Hvu3811HXace2nWHSHRck3b9SSut6x+0wn09KBPgIjH1OFDT70Waq50Wu6/PuZjgR1QlNE75AJtjdgLnTltUWw+fr7y3O+AvQK7L594sPJx4EH7BYcjR2mQIC1ofc4a8YFJiORZ7tXXLhUiqflIli8LWjtsq/jDXXX30yGhEqKFP/WDPPsOrM0ZAqUiYGSrVOQsnSFgCGQSgfUPPeieu/EGt2tL094729evdxufyj3zrMfJn05UN9G8RJEpPtqfvvQPzfJhykpcp/ZtA9Ikz/oKOYhzoq2RcCFf8szVJ1H4oS0TsqHj6ikzpip/s3St27bjHzpKzv3MRQ1u3p9fCbR1aMGOO6JbML0nWr0zhvYOj57JSRjzIDgK6UG7hPF6FK6SBXUpR9OEjFGkSvKXazGETtLY1RDwETCy5SNiz4aAIVDXCLzws5+ERCuuov4UopAB4kMsHnpqfZB08/adBW2HdBl8uLU7e+RBAaHgo8+ml53a7x4QgGK1KEK+xKZLCII8S5loy6Lcx/t2cTMXOeeYQW3jYokWtl+yKk+IEASJcrRDq0e8KK2cxJOp16jVhBBVf8oQciXkCHzi6iL5F7qi2YPQUlacExzjws3fEEiKgJGtpEhZPEPAEEgdAjIdiHaqfbduwTmG3UeemFdOf8VhVGRNrrp1aZ9jkO0TC52+/4Gdg20ZtJ/cR2li/Kkt4kZpniSPQlex6ZJ4PL/+zvZgdSLTlnHaMgzP8xEP0YhBTJJOWaL92vLurpCYahs25IuaehW5o656CjAqvBQ/yBTTsTghVkJQ5bmUfC2NIeAjYGTLR8SeDQFDoOIIMHW3bt4DQb7dThjpChEiLQCEau3ddzk/Hf5/verKUEsF4Xruxze49Qv+4LocPdD1HvdZnU1w/+oDv83xY7PS9vt3c2vvzT3CQ9sKydRWTkLvIe7DLCvhKqGJ8YpM/MhUW6HpNojW6UN6NdNQUYiWnXjsiq43XY0TBGKmiam2YeNeNGN+eq3BkjDwbQknGkGdt09YdZjdGwKlImBkq1TkLJ0hYAgkRoCpO9EovbNqZSKypbVWFKTT+URLBHlvx47A/oq4mmwJ2dvU0CBRww1LSfPqvN86rriXuh0WSwTCxOoGMhJHZqI+5ippqm7PGXmQ67hH25BIxRFIn4yIJojKkGb/zu3DPHQFIV/sWwVRiyNaxEeDBW52zI1Gz+6zjoCRray3oMlvCCgERAuE136Dh7iep49Roc1vhdAQ0mfCWYlIkJ+L5IFmCcd0Hiv8tCZKiBbhQmp0PlruDj17uq1r1zqIkRixS7rl37zIdT7kULfuD7/PCdN5Sdw/fX5ieLyOyKbjyYalu7Vr5zCIR7v10n4Hu7kf/sCAXceX1Xv4xRERHT+L9z6RSlKHqDRvb9kRTs/pPKbP/at+DO711KtosIxoNYPJPDKOgJGtjDegiW8ICAIQFj2txgq71xc/6P5p93bB1gaQIKbZxL6JdJqEEFbM9B7p/TIlT/JFu8SUHuX6bs1dv87RPOljcvyVgTrt31eudPz5rt/Z57qG22fkeGuClxPgnGPDUkiWuIO++CV32dv9m2lcxFZJ4tk1GQIY/rOLfT7jc8M2GZYWqz4QMLJVH+1otWjFCOgpMq0JAhIhJj6B0SRLoEPjtHrmr1zfiZ8Tr4JXSJJfpiQiv6Dcp8Tngyt7Wm18fHmg/SJePmL0QaroO4gTU4b8kdfi8eMitWeSGjstf7UhYf7UlrZVkrR2TYaAtu1CWwXx8l25qwn9/OzZEEgzAka20tw6JpshEIEARt4bFj8UhOzctMltXbfOvfdu067lEdGL8npp5h3utQV/SDylqEnS3v37h+SuUKFCxHwSGJUOMrVH1/1zNFcQpo9965Ic7RRp0VYxHepruQiTNH9Zs8nJjuGyU7pfrt4Lyw+z52QI6OlFbLV8LReEzJwh0FoQMLLVWlra6lkXCEC0mO7DNW2JxFbnTcfLSAUhJwf9+5fcX6++0m149BHX4cCebusrayXY+aTIf0brRRlMASax+5KMB/5wenDLFGEc2WHaEaKVz4m81ENroMTgHYLXrkuX2CxEyxUVgS0drrz7qXCvqCQrDaPyMb/iEJAVjGKfJbZZxeVisQ2B7CJgZCu7bZcKyWUKa9vrTcbRaBX4EEYt1ReBxRhaG1BLWNavgkccSaHuQpYKGaT7OPHccPttIURNJ8rkEi09RXb4lO+FcQvd+NNvWvPEvRAdyUfXQ/zkKmRHky4hTi/87KfNtlmQdPsNPMZ9/PLvy2PsNR/Riksk+2YlIVfYEpmrLAJay1XZnC03QyAbCFSEbM2ePdtNmDAhqPGpp57q7rnnHte2bfOsdTwi33LLLe68884L0pUalg2Y61PK4IOrjj2hlhCJ93btcu6999zGvz7TzOCaNGLErZfy1wNCGg+mxzBO73LEx8OpNQiptpXC3gnbpSjS5eOElslfnbd7585u5zvvBNAJmSkVx3zTb8j4t/lNe2QhK3H1cTeU2e2445sVLaRLB/Q7+xy3Y+NbDlLquziiBVG6+08vuRMGdA/OEySd+OkVgp07tHN/aXgz2DLghAEfztm9XO+b5Zer84BomS2Rj5A9GwKGQLkItJk6dWrj5MmTS85nw4YN7sILL3S/+MUv3I4dO9ywYcPc+eefH5IoyZh4AwcOdA8++KDr27evW7ZsmTv99NPdI4884jp16lRSGPkkddOmTXPl1DNpOa0lniYD+erMFNWHjh0SakZYjq/tfFh+X+wKOL88ZNGaNLYFgCAIsWE1XK/PjAtWoPlpK/WcFI+48pBRtIIQVpE9Ln655CouX/y1RipfPAmDaG075Rx397JXcwiRhEdd0ZZBNoV0RdXH10Zh49O/Z2fHbucYXMuxMVH5E3fO9z4VkDI20PQ1WvW6dUMUFuZnCBgCtUUA/tFc/VSkTF27dnUzZ84MUqHNQrMV5RYsWODGjRsXEC3CBw0a5AYPHuwWLlzoOnToUFJYMWQrSibzKx2BfKvQgsPV3rcjkqX6UTY8lB5ownbsKJoIQW5kOm7X5i3Biji0SZSjyRxliA3Sjrc3Jl5pp43Q43YjF/QgDL6mR8KSXkXG3XZvF7u6T/KKIiYSVsrVP6Ou2z493MTv3+J2//5XCtpXUd6Gk89xN97bdBYe59nNXLTa+UezCHEivoR9bNK3HX/iRFuFBqtLpz1ybKuIg4E1+ftn5kl6fSXu565+qNkKQ+KY8btGyu4NAUOgGgiUTba0kFu3bnX333+/u/7667V3cL8yYm+cAQMGlBXWrBDlAQFcs2ZN6NOmTZOFS+hhNyUhICRHE5oVXQe43/ca6Qa9tswd9+riwGD7vTa7ud0a4w94lcLRcECaXvvjH9yHR42O1HIt+fVv3d/mNR2z0n7r227PLRslebOrlssPZKUdZMa3P/LjaSN0wvzdyHX8AA9vKtU3ONfxNVHyNUhgwZ92fl7aJkvHS3qvSQ9n/kUdAowWiM0nT+l2lOu/dmmQ9aZ9uru93l7XrJgNPT7m7n7/0GEJJD3aJBykiSnAF9dtCjVREsZZfeKQSwzXV659x+3edrcwvsQpdPWXCvhbOZDeDLMLoWjhhoAh0BIIVJRsXXXVVW748OFu6NChLSFrUXlOnDgxJz5qvKw7ITpoQWTaKW4Kzo/Ljt64OKN0HV/j5G9IGTW9BdHCLTtgUPDH/afWLnJHv75cZxXer+rS3725Zxf3ib89GvqJBgyNmTjKbjxikPv7wt+7Lv8ofmuD4++5N8jq6R98P9h8kwemFzGw5k+m6zSWEC1thE4aCBCG3ZsbXmy2Oi9Kw+evytMES+rGVUhflNYvLo1OH3XP9NriZ9a7oz+yX2CzlE9b5E+t+fn9Zv+hjj/tIEivv70tdypv+y4dJbhHsxS1WziBhEG4hGxBiv579opwawDC+Svk9Mo2OSLmpIE93Bt/3x5MH+r0Nm2o0bB7Q8AQqDYCFSNbl112mXv88ccD4/iklVixYoXr1atXZPRSwyIzy6inECDExy7m1QceCKeYZNpJky2J7xMinsUPLQ1Op8PGCTIRtTmlpIuD8MmuRwZBHK+hNQl/G3K6c4+6gHC93mF/t//W151owCSvZd0GuQtW3Ojavtf8Y02coOz197s9JEHEFaJEPDQ+ex18SLjlwPMHDnS/vPExh/Zmt16nuJErVji3a2dArMdauwAAIABJREFUnCBZerqO9JAmTfT8ouSgYqYqt6xuCMr8x87mm3EixweEZ5Ab95vmhyHrvMWIHEJH+UxJFqu9EkKltVRMtenDgkvVFmlZuWe/JFySqTw/rX6GTE2+bXlACjnaJY5cCUnS5++RDxuOfnf8x3WWoUE8eV0396+O6VGc5JET2R4MAUPAEKgiAmUbyCPr2LFjXb9+/dw111wTK7o2iPcN5DGeF2P5YsKKsdlKq4G8ECSAK8ZAWoDmmJJO/foFBuL+ajWJE3WFpEDg+LgXIlRR6dFO3d/v03k/ZFEfSA6ZxZ05bVHwgf1g6jGqlGi/t9rv6/bd/pZ7octH3bIjP+P+sVvb0ACaTSo3b9/ZbApqyOuPuU+ubdoINDrX8nzBEvsjiJZMk4mRdnk5F04dZ5tUOGVTjCgyAmGRNiqUD8SHdpVNKv12l/Ss9Hv02ddjiZXE01ezr9Jo2L0hYAhkEYGKGMhDoh544IFgJeK11zZNAaGtWrVqldu0aVNgED9//vxganH69OkBKROwFi9eHIRDmkoJk3yyfEWbIXZGvsYlSb2YFtNaGj/NP478hNvw5iZ3wNrcM1MgWNgM+e6VjwxyC/v8S0Be4ogQJGden5OCpOef0t/PInzOt7eObHLI1OPj+x/tTn7pd+6QjSudEKl39tjbdX7372Ferx082K39xGdCbUUY8Pedzjn+mlzc1Nij+/9zEMEnXKIZk/T62jhouPunJx5pZkel48g9qyrR+mhtEoSFncpxaNhki4EDP9TRvfLGloIr90RjRXrZ9gAyd/fDa4L2gVged0S3HI2iyJPvGkWu/PgQJ2kjwmTKzo/Hc5yGSWMh5+DFETHJlxWEopWCxJkzBAwBQ6AeEKiIZisLQKRFs6U1WeBWjFbptZ5HuD8e9OnAZuarK250/xQz/dbukye4W9oPCbU90j5x5InwFz50qPtNz39xu3ZLPrOc5KMtZcddfzb/OTf30ZebBTO1KAQMcnf2jOtCzcnY7/+xKO2IzlxruLCLYqd1mb4jHn7/teXjIYH51Nt/cUe/+Mcgi079PhLYben8uG8zeIS7v9sIt/KVpj2v/PB8zxAmWZ2n42mDcfwhP5APmRrTcfW9bhMhNpoo6XCdLum95Cnx8+UnbetrvsRf8tBX02RpNOzeEDAE6gEB+IeRrSq3pL/PVL7if3nCd8Ngf2osjjhhq3Rvt+FhOv8mKh1Ea27v0X7UvM/5PrJ5E3qBSaar/LLkg69JBB/05c+/kUPC5MMt8aXoi8Z8LFjtNn/5q+IVaI5YOccUoK8dg+iw0SXxj3tzuWu/cE5AyjhKBvJDmnx7PoWFxNyQf749oWKSNfP2cWoWIUUeUe2eJflTBKWJYggYAilHoCLTiCmvY2rEQ6PFxpsyZagFw/5pe9s93IANK0JvjMn9j34Y+P7KP56btlpoCnlpv4PzEi1iyYpBWS2I1giNlu+q9eGLm67KV37c9KQmVaQXR/yZixpCIgY58rcWyGdADjFgaovrk66fO+eSm9yIYX2C7NHS+ETr15OHBwSskBYqyKDRuZ3/eM9NuPIh9/etuds+iPxRV1nJJwbr+fCKSl9rP7/dsyZ/rfGz8g0BQyBbCJhmq4XaS08X+isJpciA6PQZHUzd+dNmc/udJtFyrgM/up9j6gnbnULO/4BpMhKV1o8fFSerfoXqHlUvcI4ivBAF2cmcfLVDw+bbMOlpM41xkulQ4n9x1ME5xupowZDBnCFgCBgChkD6ETDNVpltJAbMYrws2bHC79kf/cg1btsSeEUZouttEMRwmtV997tPSzbBVcJ40Oe2odFA0xLl9Addh6PhwWnDZQmPSyPhWb9Sd7YYiLIPi6pbFMmReIGGK2In8yiiRRrIEn++0wbofphMgYq/xEUuI1qCil0NAUPAEMgGAsmtobNRn6pJCdn56ftTSExB4ZjaYbfzTbNucW13bouURbRZ/3JsH/fbU/oHhtjsUeVrOQqRH/n4+oUUSidTcKLpKRTfzz/Lz2ePPCjQCApJRQP1yhtbm5FPrTkCnyQErRQcaYunXtrolr/wZgCrEGtIm++k3Xx/ezYEDAFDwBBIPwJGtkpoI9lLia0KjtrwZJDDHzcc7has+KQbet8M1yGGaBGR6UE0VLJlAkQL53/UJTwIjPjHxxcnWqpiP/at8eONRuj0Ib0cRJPpWCE1YKHJp9YcQdDYrBX7K9mywW+OYrHX6f/r80fpR7s3BAwBQ8AQqEMEjGwV2ahMHUJwIFr/smaB2+P9Y2QO3LTWvfPqn1yHHU1Th1HZMnXIB56Vbb7TH3UhAX4c/7k1EiYfg2Kfzxl5kOPPd3FYQrzYsFM2YxVSprVQhYixX5Y9GwKGgCFgCLQuBIxsFdne0+c+E6w+YzWfEC3JQm/Cid+r3fq7WQd+YIOFBuS7MZuA+h91ydOu6UIgjpSlS0qTxhAwBAwBQyBNCBjZKqI1Gl7bFEwpsUVDx53xGizJ8nO3THefkwe7GgKGgCFgCBgChkCrRMDWjxfR7By+y/Thca8+XDDVW32bDmguGNEiGAKGgCFgCBgChkBdI2CarYTNG2zz8PBLbrw3fXj8Pfe63do1GbnPnXKl67xikXur5+Hu01demjBni2YIGAKGgCFgCBgC9YyAka2ErYutVqd1LzabPhSiRTZjfnCJc44/c4aAIWAIGAKGgCFgCDQhYGQrz5swf9Z8t/X/7nPr2+/vTnr7b26vHbkHDXNosTlDwBAwBAwBQ8AQMATyIVAxm63Zs2e7Nm3auIcfjrdnkjjE4+/WW28NZSs1LMygwje/u+lXzs3+ieuyYbXrv3apY2sHvdpw4A+nOw4iNmcIGAKGgCFgCBgChkA+BCpCtsaOHesee+wxN2bMmNiyNmzY4CZNmuQaGhpcY2OjW7p0qZsyZYpbvXq1KzUstrCIgHW7urrJty0PNq+MCM7xeuSGn7l2v72j2dYOOtLe/fvrR7s3BAwBQ8AQMAQMAUMgEoGKTCPOmTMnyBzSFecWLFjgxo0b5/r27RtEGTRokBs8eLBbuHCh69ChQ0lhkldcmdr/U0/83nVe+r/u73t0di+s/JTb3PCi2/b6+iDKnvt3C64devZ065Ysc++9tUEnDe/f3aeb2+Pt9a7rkE+EfnZjCBgChoAhYAgYAoZAPgQqQrbyFSBhK1eulNvwOmDAgOC+1LAwo4ibmTNnujVr1oQhg9/9e3C/97vvuLX3NpFDCdy+vol0bXyq6egd8ee6of8Q99kf/qf2sntDwBAwBAwBQ8AQMAQSI1A1spVYogpFnDhxYk5OC095KOe50MOqLv3dW6M+5755pp1dVwgrCzcEDAFDwBAwBAyBeAQqYrMVn33+kBUrVsRGKDUsLsNZx37OPdRjWLPgLbt3bOYH0bq/36fdd84a6PShxM0imochYAgYAoaAIWAIGAIFEKga2Ro9erRjag+DeNyyZcvckiVL3IgRI1ypYQXqlhPcu+0rbs8TT3OP7z8w8H+hy0fddUdd6O7/1MXuhwMvzvGf1+ckxzmG5gwBQ8AQMAQMAUPAECgXgYpMI2IYP3fu3EAWrl26dHHLly93nTp1Cgzi58+f74YOHeqmT5/u+vXrF8q8ePHiIBxD91LCwowS3Ozm3nOTzjjc/azTF9wPHx3uhhy6v7vrjMMDzdVdi19yt/3BuT/2HB7kBNE6P+bA6ARFWRRDwBAwBAwBQ8AQMARCBNpMnTq1cfLkyaFHvd5MmzbNtYZ61mv7Wb0MAUPAEDAEDIEsIgD/qNo0YhYBMpkNAUPAEDAEDAFDwBAoFwEjW+UiaOkNAUPAEDAEDAFDwBDIg4CRrTzgWJAhYAgYAoaAIWAIGALlImBkq1wELb0hYAgYAoaAIWAIGAJ5EDCylQccCzIEDAFDwBAwBAwBQ6BcBIxslYugpTcEDAFDwBAwBAwBQyAPAka28oBjQYaAIWAIGAKGgCFgCJSLgJGtchG09IaAIWAIGAKGgCFgCORBwMhWHnAsyBAwBAwBQ8AQMAQMgXIRMLJVLoKW3hAwBAwBQ8AQMAQMgTwIGNnKA44FGQKGgCFgCBgChoAhUC4CRrbKRdDSGwKGgCFgCBgChoAhkAeBipCt2bNnuzZt2oR/t956a2SR+eKVGhZZkHkaAoaAIWAIGAKGgCGQEgTKJlsbNmxwkyZNcg0NDa6xsdEtXbrUTZkyxa1evTqnivnilRqWU4A9GAKGgCFgCBgChoAhkEIE2pYr04IFC9y4ceNc3759g6wGDRrkBg8e7BYuXBj6EZAvXocOHWLzyBcmZZZbB0tvCBgChoAhYAgYAoZASyFQtmZr5cqVzWQbMGBAM7988UoNa1aIeRgChoAhYAgYAoaAIZAyBMrWbKWsPqE4M2fOdGvWrAmfsSmbNm1a+Gw3hoAhYAgYAoaAIdA6Eejdu7ebOHFi1SrfImRrxYoVrlevXgUrkS9eqWFSqA8iRGvy5MkSnNlrPdSjHurAC2T1SE83srawtqg0AvZOVRrR0vOrh7Yoexpx9OjRDi2SGMQvW7bMLVmyxI0YMSIH2XzxSg3LKcAeDAFDwBAwBAwBQ8AQSCECZWu2MIifPn2669evX1i9xYsXB8bxrDLEiH3+/Plu6NChsfGIE5dHvrCwQLsxBAwBQ8AQMAQMAUMgpQiUrdmiXuPHjw+2fWDrB/4gVriuXbu6zZs3h89x8fLlUSgsKCjBv86dOyeIlf4o9VCPeqgDb4rVIz39xdrC2qLSCNg7VWlES8+vHtqizdSpUxvrwZap9Ga0lIaAIWAIGAKGgCFgCLQMAticVUSz1TLiWa6GgCFgCBgChoAhYAhkHwEjW9lvQ6uBIWAIGAKGgCFgCKQYASNbKW4cE80QMAQMAUPAEDAEso+Aka3st6HVwBAwBAwBQ8AQMARSjICRrRQ3jolmCBgChoAhYAgYAtlHwMhW9tvQamAIGAKGgCFgCBgCKUbAyFaKG8dEMwQMAUPAEDAEDIHsI2BkK/ttaDUwBAyBjCLw0ksvZVTyD8Tevn27mzt37gceGb2jLS666KKMSm9ipx2BuiRbr732mpswYUJwPuN1112X9jaIlW/27NlBHU4++eTMDmZvv/12ZmXXDcN5n2PHjg0GY+qUVUd/4NzS2267LatVcOB/1FFHucsuuyyzdUBwjjGjb0NWsuqQfciQIW7p0qVZrUIgN0RL+gV9PavuiiuucF26dAnaJKvjlP5+33zzzVltimZy1x3ZovMzgJ1++unuP/7jP9ztt98efCSzNqAxEF9++eXu0ksvdWeeeab7yle+kslfXRBGSEqWP+6LFi0KyPuAAQPcE088EbxfzXpSBjw4KeJ3v/udGzx4cPA+ZVUbwUeEP/p2VgkX/Rstyrx581z79u0z8PZEi8gYNWrUKMcO2Vl1QrQYay+55BL3k5/8JJNV4YfUihUr3LPPPuv22Wcfl0Wi4n+/r7/++kx+vyNfII7rqSc3Z86cxvHjx4dV2rhxY+MBBxzQOGrUqNAvCzfnnHNO44wZM0JRV69e3dinT5/Gb3/726FfFm6ox/Tp0xv32WefnPpkQXaRcfjw4Y2PPvpo8Lht27bgfZJniZP2K/3gyCOPbER+HO/RtGnT0i52rHz9+/dvfPbZZ4M+cemll8bGS2MAfbl9+/aNCxcuDMWjr1OPdevWhX5ZuBk8eHDYN+gTjLOMv7RNFpyMqzLWgj9tQ3/JmqNPUB+cvE9Zq8OsWbMa+WaIk+/3mDFjxCuTV3hW3Wm2YPRoH0SThUqyf//+jl8vWdKuHHDAAcGvFGHIffr0cQsXLnRoirKkkUAD8eUvfzmQnV/yWWoDwf74448PtEE8o4XgQPWsTTXQH9D0ihaFfsGvxjZt2rhDDz3U8Zwlh3YOmekTaLgwG2A6KwuOvowG5dxzz3UrV64MfrnfeeedwVQcbcFYlRVHXegLjLnUh3eMsYspuSy8U3wvbrrpJnfOOecEkCM7mrosjlPU5corr3Ro4u+9996wf++5557BdyML71Tc95t+wrcv064eNFv8GuHXFH9/+ctfgl9XaCP4pYg2iF9c8+bNa+RXWJqd/CpBRuqERg65tYP5p1lLh+Yk7lchbaM1XGghRdOi65iGe90Wvjz6VyN1pR5pdVH1QH76gmhR+CWZZo0pcvrvCZh//etfD2CnPs658DkrbcH4hNxaM/flL3+5kb+0Ot533b/p04xTjLfci0MTgUY7rS6qX4isvFtogbPgdD24py+DPd890S7SP9B6pdX5/ZuxKYvf73z41oVmi1/s/KLlFwl/3KOJ4G/9+vWBTQS/gtFupfmXFr9m+/btG/6ioi784uIXu9ZkUQ/R2qWR5aO94ldtlHHmkUceGWq4+BWMvUca64JMaBgK2QNRx7i6pqFteG+oB/ZB2g0fPjxoB94xHLZoaWwHkZl3Bbs/LSN14Bc8dcMWbc6cOUE/SeuvX79/UzfeLzRz+j2jLdI8ToG1fufp02jpfE0v7xZairQ66sB7FeXQbNEGfp2i4tbSz+/faBlnzJgR9AWw51uBwz/NbcE3Tvdv+kTU9zvqm1JL/IsuO+uaLexO9C/BODsOP14+FlqLMH59oJnTmh/k4FcWNgT8isfGA9afZk0KvwipB1f9C1hjyi/5fOE6bi3uwRntIb8OtdZBZKGtaA/qwH1aHTLSFrw/voZUZObXsNg/iV/arshHe/CnNVz0BbQqolHxfyGnqR5x/VvLSH/hnYprKx23VvfIF9W/GV8Zu3jn0JLSZrqtaiVvVLm887w71EXbB+m41CMuTMer5X2+/i02gczq0BbaPrCWMkeVHde/ddy0f7+1rFH38CyXdbJ10003NZtWozPxoWTQosPzUtKx4j7+UeBU2w/CSIfwp9qQAz8GOFSraR6IwRqccQxUUZgjf5R/tfHOVx7TH3wc5T3yCRdhTP+kmWhRP8gJ7zxyRhEu+oX0k3x41DKMH0+8S7xbPuHiQyJEq5YyJimb/o2sUf2b9PyAoi3SPPVWqH/THoxT1FWmqJNgU+04YE2fFnIbRap47+gfaXb5+rf0eYhMmr8Z+fo32Mv3G3Kc5u93ofekLsgWjcEvKp+506Hkw88gQLw0Oz04+QMyL1na5RdsdT18wgV5oS5p7zRgLXj7hAt/Bog0axej2kIGXxl4qRf10O0l6dJ2FRnB3idc1CMLTuqArFH9m7bgL+1O1yOqf6ddfpFP6sFYxHdCE64svlNR/VvqmvartEVc/87C97sQxpkkWzQMv5wwAhSCxYcPwkWjaIf2Ia2Ojx6aKn49ycumZZUBmV+6DAZSVx2n1vcMVEwZ8AGMIx8yIFMPfp2k0fHeUAdkjRpo8UPrIHVFm5pGx4ArhqVRhFYGZNqC+kTVtdb1iurfWiY9INMeaFLS6Irp3/QLf+xKQ53qpX/znvOe8Me46jtNuBgDeK/S6Kx/p7FVksmUObLFQItalI8Ff9hrQLxw+kPCM+FpHYhZUQiBgqAgYxRRpA6Ep3m6io8E6niw5+MNAaaNfAcBoL5RBMCPW+1nBl/eKdoE4st0WxRxROtAmD+lWG1548rDpgH8+chDHGmPKE0J8vO+RX104vKuln++/q1lkHjUM+p903FrcV9M/46a3q2FzFFl1kP/hrzTFxijePfBm2+D7xib6Bdaw+XHqeWz9e9aol9+2ZkjWwxiQq6oPh1Jq4DR/vAMQeHDk8aPO3Lzcde/ZIUoaj89SJTf1JXPAVm1pgqs+fj5H0DqllaiBSrIy3sljnox6GrCxQedeGklWsjOR0QTDyFVWnsF+eLDk0aiRR0K9W9pI+rmv2cSloZr0v5NPJnWTYPcWoZ66d+QFP7ESR/wCRckK61EC9mtf0sLZvOaSbLFIKsdH3kGrbRO7WhZ5R6Soj/w+ENK+MhDsnDUS3/wJW1argzG4K4dH3u0WFoNz8ckraQX2dEs6sEYPyFcQkqol99eut5puGcw1sQKmSAlkCtxhEudxC9NVzBO0r+Jp4llmuqALPRvf9pf+rf0Ba5+nDTVo176N31b/0AHY/oBY60murRPml1U/2ac1T94rX+ntwUzR7YYYKM2+mRgwD8rDmIIUZGBV+RmUNBERfzTekVj5ZNcyCIDmV+3tNYB8sG74xMVBum0TkNHYckUKETXJyG0kf6oRKVNi19r6N9+f0kL9lFy1EP/lvHI/5EBYddEJar+afKz/p2m1iheFshWqo/rYRMzTjHnjw0NOWpk1qxZzTb6ZNNSveFh0ZuNtXACNl5k40LZXJLja9gMUG8OiAjHHntsajc0BF8OOqUesrkcG0myyaE+8JTNDNlMT+K0MLRFZ89GhdRBNr+kHS688MKgLfQxKXIcTNEFVCkB8lMP2XhRDgLWmwMiCgeyp3WTTOvfVXpZEhRTTP9mk8y09m+OdaFfyJgkm0Mz1nKkkLh66d+yAavUK01X3hHaIur7Ld9C5E3797timMK40ujEZglGzy8s/SuE6TXUqkyT8GuY+XdstNLokA0tFlorND4yHYXcaE6oG9MJ1Ddq+iENdUJW5ERepnmYmhLNlUy5UT/8aBvdVmmQX2RANtqAdwptlp4+RKNIvYhDPXif0jq1ANZgjI0J9ZHpKORGu8Ufv+SxT+HdizKUF0xqddX9Gxn1O+P3b/q59e+Wayndv3l36Af44aL6N2NBGp3ISv+mDvQTcWgU6Sv0aepGGO9VGl1r6N+0Bd9G2iLN/btS70eqpxHpMPIxlMFAT4fwMWFgwBgeEiAf/0qBU4l8kJuXig8Ljo8Ig4B2vHB8+PlL68cdGbXxKB8+PVAxBYcfbQEZ86fkdH1reQ/2DMg4ZKRt9HsDESYO/vLu1VLeqLKRGxl5t3C0Df1AnAxe1IF4us9InDRc66V/02/roX9rYkIf1tOdWenf9AP5MUu/pm30Dw1+lEAU+aHOjyvpQ2noDyKD/EAS2ax/CzLZvqaabPEx1x9CXros2TPxajAIa1KCHx9AGZyz8vow8OpBC9LoGzJnoS584LWjDmklI1pOfc+PDP0hZFCGWGXNWf9OT4tF9e8s2SsKkn7/hkDqviLx0nzlx6D+0W39O82tlVy2VNtsMderD8/EtkbbnoitSsXmU1sgI+wFqId2+kBsbIR0nXS8NN1jYyaHmiIXbaFt5LLQFsg9ffr0HFixPRH8sS/A3iPtDuxpD3HYMdJPxIaGOsi9xEnjtV77t36nsty/pV/w7mS1f/fu3Tvs34xX2mYrjX0CmbBfOuecc0LxrH+HUGT+JtUG8j66MgBwWvuVV17pB2fiGQLGx5CB+OSTT87EBz4KWGkLPppf+cpXcshXVPw0+nXr1i0Qi/bAgFYbbaZR3jiZhGzxMeGdkraJi59Wf5E7y/1b2sL6d+3fMsZaHESLhSO333577YUqQQJ5p7Lev6XqWe7fUodSrpkiW3QaGopBmVWJWXUyEKNpGT58eCarQVtAtO699163cOHCYKVoFisiRItVe1//+tezWIVAs8VAzAeFFaJaC5mlCtVD/+bDaP07PW/du+++G/QLiJev2U6PlPkl4Z2qh/5NLevh+52/teJDU022brvtNjd37txQ+kWLFgVEiw8K6tUsOD7mEyZMyNH8XHTRRUHHZ9luVhxaH1lODfZ8UIRoMRhkxYG9aFCQma0rIFr+dG+a6wP2DFraoV2kXzDNmBVH/9baROvftWs53b+RIqv9m20GICbi2K4GojVjxgzxSv0V7OnP2tVD/2a7GsbeLH2/dRuUfV/LrR9Y5aKNAbW5Gf4YMMuqDK5pXUHCChjq4jsM/Fn9ouuIQXYajbKRlUUIUQ55WZqvFyxgjKqfo9LVwg9Z/Q0MRQ5WVOoFC8SLq7OkqdUVuaLw5T1jqwT9DmEEHFfnWslPucgaZ6Ccpf6NrK2tfzPWRr1/tXyfKJv3XL/7Wh76tl41TZvp/q7j1vq+mP5NXOvftW6x8sqv+WpEltezXUBUh+BjLkSrvGq2fGpZZu8PyAwKmmi1vCSllwBhpC30YCW5pXXgFfn0FVJIe/iDE22T1u0ctPzc85GjLSDq/gcP8hL3sfHzqfVzvfdvVuVa/67uW8YqSbZu8PsA/SQrq9VZjW79u7rvTa1LqznZko0j+ThGEa5aA5SkfD7i7O+C/Gzr4BOuJHmkIQ7kll9Q1CGKcKVBxiQyoPXhAxhFuJKkT0Mc9gOiPWiHKMKVBhmTyED/hpBY/06CVsvGqZf+TX+Qd8onXC2LYOVyR362pWDmxvp35XBNc0413/oB2x+WuWJgff3112fKbkbmb7HJOumkkwLZzz777GbHvki8tF8xTpa2wHbGtwlKu/zIhz0AdnDUA2NY/4iOLNRB6sE7hZ0JNlj+sU5ZqQe2fGPGjMl0/+adsv6djjeOMYr+wDslx7Zpm790SFlYCuqBnSi2S9iTWf8ujFldxKimzRaqXmH0stOvsFGmffQvYLQTaZ1G5BcV2iw0D74mS2u4qC+/YtLoxAaOejA1pbGmTlrDRR38eqalTmwCyC9Ephf8qUOt4aJ+aZ7yQTbagqkQf9NbreGijnI8T1raQORAbtqB9vDf+yz2b8Yq/72v1/7tv3PSprW+spkyGlL+/PeecZhvhmi44uwDa10Hyo/r34xLWsNl/TsNrVV5Gao6jchLhT0NLx1/HKXAwKw/8jIg89HhBdRhla9+aTnSsVH90vEZjLEf8D8sMiBTXxkISiut5VKBL9OGkF7q4xvAC+GiLdKq6uZ9EWNxSApt4Q+4vGsMyNSD+zQ6bJtoD94VPir0DeqmnRAuSLAfpuPV6p6+KlO4tAF1QGbdh7Pav/0+bP27Om8ZBJD3nfGVPkI/9u2yaBv86T+0Sxpdof5NH0F+xlnr32lswfJlqirZ4qMOuRKH1oeXi4+LdqL50oO0Dq/1PZ1CztdDFgYCn3BRNzqNP0jXWnYpH/khV+J0Z0d2cQwSaSVayMi7ojWfGmOAAAARj0lEQVSk1IuBFxIpjrpRh7QSLeTk/dGaBT4a1EOTKiEq2k/qmIZrPfdv2kL3ZX6IQCa1XxraQGTI17/1uJr2/o18/IlDy8W4iv2ZdmkmWsiZpH/L2JWV/s14lcXvt35vqnlfdbKlP/BUlA87v4bl48gvYjqOHhCqCUiSspBPf+BJA+FiQJYPJlqUtA7EyEvHZtDSOHNP3YQQEyfNRIt6QLb0YIwfgxWDmwxa1CfNRAuZ+XCDt3aiPaFd+EvrL16RmT7RWvo3/SKL/ZtxSYhKFvo3fZs+rp0QXZlNQNOVVo2WyE3/1mfL4m/9W9BpHdeqki0+GLx0/jQPH0X8cZAv4qXZ0cmRV4iVyMogJipurR2S8LRd+WCIvCIbdYKoSDukvR4+sZJ6QN6FNKa9DsiMvHwI/Xcfra/0l7TXw/q3vH3puMb1b34UZqV/y3jkE1vGYCH2ae8XvA2Ms3H9W0hj2utRL/27Vr0TslW1HeRZeThv3jzHDt7sHC2O1SWyGzyrl+RewtN2ZSUMf/4ZdAMGDAh3Js/CjuqshKEd9M7prIzhIFRWWNIOaa8H786ll17abNUhKxJll/i014H3W44J4rgdsBeXpXeK94V3yvq3tF5tr3H9mz6Tlf4tO7/TL/Sqw6z1b8YoXFT/lv6e9nGqXvp3LXvlP51wwgmXDRs2rCoy0HmOOeYY98UvftG98847rm3bto4t/HfffXd3xhlnVEWGShQycuRIt3z5cve9730vWLr7xhtvBAdjn3/++e6ggw6qRBEtngedm3pwXM2KFSsCYsWWDw8++GDw8adtsuCGDh0avEtf/epXgzps3rzZ/eAHPwiWVvOuZcVB4O+44w73k5/8JHinOLLjxhtvdBw/kvaBWDA+8MAD3eGHHx5sG7Jly5a6699Tpkxx1DELrl76N+/Thz70oeCdYkzatWuXu+aaa4LvCONXFhxyx/Xvb3/729a/s9CIZcr48MMPO4d6q1oO2xnUpsxfM82DapU5+bSrUDU+yIrsqFWxU6EO/KXdLkjXgXtU80xRoaqnDagD9eI5K442YMUbMlMfbM6oh2/Hlfb6YIdCG1AfZKcO1MW340p7Peqpf4O17t++nWba26Ie+jcYY56BuQB9gWl1+gbTcvSVrLh66t+8V1n+ftfqnam4zRYfPZmD9ivFQJx2g2uRmTrQQXwH0aIOWSBWDEZxctJhWJgQVUe/zrV+ZosNMXbXslA/CEnajWNFZtoi6kcFbSDbV0jctF6tf6enZeqlf9O3/f2zBGV+SPGXBQcZjyKAWerfyJrv+814G1XHLLRPrWWsONniFwdnPkV95Ok0UR+bWoMQVT5GpKz+8skIL2JU3aLyqLUfnZ+2iCIj/Fr061ZreePKh9zSHj7h4pduVjRYkJR6OAstX/9GK2r9O+4trrx/vfRvtFUsyuEHoHaMT7JyUvun8V76dxQZYfbAr1sa64BM+fq3aN7TKnva5ao42eJlg5DwccwKKfEbiU7OACBLc7NCSvx6MFDRBpDGKMLlx0/jM7+iZKPMKMKVRpmjZKJPMFjRP7Ki3Y2qRz31b378Rf2giqp3Gv3qoX+DK/1bvhlZISX++6D7dxTh8uOn9bke+ndasYVsVdQKGqNMDAH79OkTrBDDpoxz6rLk5Cy0L3/5y4HYnFvF2Y3UKUuOVS7jx493w4cPD9tCrzzMQl30WYfIK23BiqosOTkLjbZgRZLUIyuG74I1K5LqqX9z/qe0hfVvaeXqXfVZh7xbEyZMCM48ZLVhlhxjLWcdSv+mj7MalDplydVD/0413jCulnBM+2gNF1qWLM73ag0X0yT8ismaQzunNVzUAdV31hzvkGi4eJeyZrQM3sitNVz5bFbS3D710r+1hsv6d23fODRb9G/RcGVxdkT6t2i4rH/X9p1KS+llTSPyseaFwhaFFSK8VL6TAZlpOXn5/Di1fuaDTQfnD2IVRQiFcLGRngwEtZZbl89Hgo+G2AVFGZwK4aIt0jqVhdxsGIsNB9MkUTZAQrh459I6PcompdSBusjpCLq9ZECmHSDBUX1Hx6/FfWvq30K4rH+37JvGe860IeMUmEf94BPCxfeCOGl0Sfs3Y5T17zS2YPVlKotsycDEhwND5SgjR6oktipRJKb6Vc4tUR9ZwUBAnegg/kceosKHM41EixphnCzEA4NM2iLqVyHtlFaiJWSQK38MtsjKvXa8R/hLfXVYGu4h7/LDAvLIx0W2CtHy8e6Jlk77p+W+tfVvrVFJSxuIHLw/shgkq/2bMVWIByRLCG7UD400E62o/h1FCq1/y9trVxAomWzJh1HDKL9ItFaFgUE+PDpuWu75YGvNg2gcIFyaHPLBTCvRAkt+KWp5GcD4eOhpNuRPK9GiDpBDf9DiGew1+dXEMi3vkZYDmfVUM7KDu66b/vDotGm5t/6dlpZokoP+rV0W+zffBcZV7Rh/+RGrf1CxIk73FR0/Dfdx/Rulgrgs929Iori0f79FzixcSyZbfNjlV4quKB9MOo98+Hnp5F7HS8u9vExaHuTlV70mYdQjzY6PuU8GGdwgXKKqp15prgfy80757wvTnnoJeJrrwDvCx0IPvPjRBtRNkzBplzS+V2AcpXWz/l2b1orr32iw5T1Ke/9mI0w9HgmS9G36uDjr34JEy13j+jffPN41cWlvC5EzC9eSyRaVk4bxG4TG0uw4zUAwQPER9Kek+OWIRiUrjo849dC/EJGdj77WbqW9Pvzy9X/V8jFhkM6KE3k1sUJ2mX7ISj3oE/Rl69+1b7G4/k1fyVL/Rl5/poMxmB/oQhprj3Z+Cax/58fHQqMRgGyVfBA1h+fKFg9ymCbLLvFjSW8WHEtdORz7yiuvbHYgcxbkFxlZjs8fy9ifeOIJ8Q7O3MpKWyD0rFmzggNnWZIvju0RsrRFAud/suybZeyc+ykuS3VAZrYJsf4trVfba73075tuuslx5idbI8i4xBhMn8mKaw39OyttkTU5y9pni4/jRRdd5A499NBgPy1IF3sjsd9IVlz//v3do48+GgwAHMJ8/PHHu3vvvdddcsklWalCIOf06dNd586dA8LF3mYMYnPnznV/+ctfMlMPBjJpi6OOOirYu2bp0qXu7LPPzkwdEJT3HxLPR+V3v/ud6927t7vzzjvdjBkzMlUP69/paS6/fyPZ/Pnz3bRp09IjZAFJGJOkf/PNoF+vWrXKsW9elggX/Vt+UOn+TX/Jkovq33zDBw8enKVqZEbWNqi3Jk+eXJbAixYtcvzx653NQOlUWXO8ZLfddpuTly1rG+sJ3mi2IFm0AW2RNY0K9eBXL20BcYcMszlrFh3yUw/qw/uU1UHM+nd63r566N+gSb9AywXJkg2k04NyMkl0/2aMYqzKoquH/p123PlRVBGylfaKmnyGgCFgCBgChoAhYAjUAgHIVsk2W7UQ2Mo0BAwBQ8AQMAQMAUMgawgY2cpai5m8hoAhYAgYAoaAIZApBIxsZaq5TFhDwBAwBAwBQ8AQyBoCRray1mImryFgCBgChoAhYAhkCgEjW5lqLhPWEDAEDAFDwBAwBLKGgJGtrLWYyWsIGAKGgCFgCBgCmULAyFammsuENQQMAUPAEDAEDIGsIWBkK2stZvIaAoaAIWAIGAKGQKYQMLKVqeYyYQ0BQ8AQMAQMAUMgawgY2cpai5m8hoAhYAgYAoaAIZApBIxsZaq5TFhDwBAwBAwBQ8AQyBoCRray1mImryFgCBgChoAhYAhkCgEjW5lqLhPWEDAEDAFDwBAwBLKGgJGtrLWYyWsIGAKGgCFgCBgCmULAyFammsuENQQMAUPAEDAEDIGsIWBkK2stZvIaAoaAIWAIGAKGQKYQMLKVqeYyYQ0BQ8AQMAQMAUMgawgY2cpai5m8hoAhYAgYAoaAIZApBIxsZaq5TFhDoOUQWLZsmdtjjz3cvvvu61avXt1yBbWynA3XVtbgVl1DIAIBI1sRoJiXIZB1BDZs2OA6derkTjvtNLdr166gOvgddthhbvv27WH1xo4d6y6++OLgedq0ae6mm25yb731luvWrZs78cQTiyJdW7dudQMHDnRt2rQJ/yRvCpg9e3boT5xbb701lCMrN7XENYoEizy9e/cO21X8krS9tJWOm5W2MDkNgSwhYGQrS61lshoCRSDAx/n55593S5YsiU01Z84cd80114ThBx98cHhf6s3ixYtdY2Nj8Cd5QwAmTZrkGhoaAv+lS5e6KVOmFEXmSpWn0ulqgStljho1yi1cuDCnOgsWLHD9+/cPNJI6oJCMkOx+/fqF7TRx4kT3i1/8Qmdh94aAIVBBBNpWMC/LyhAwBCIQWP78m+7G36x069/eFhFaOa9u++zpJg7v60Ye9eEw07POOsvxt2rVqtBP31x22WWuV69e7v7773dz584N/oYPH+7efPNN99RTTwUf5FNPPTX4KPOBPu+884LkpNu0aVMOUdP5+veQgnHjxrm+ffsGQYMGDXKDBw8OyIP4+WnyPb+5/M/uuR/f4LavX58vWkXC2nfr5vpMOMt1H3limF8tcKUdLr30Ugcxat++vUOTeMsttwSaSfx9Fycj05rPPPOMmzVrVphk/Pjx4b3dGAKGQOURMM1W5TG1HA2BHASqQbQoEDJHWdrxwT366KPdzJkztXezezRcY8aMcWil0J6gDRs5cmSgibrvvvsCwgYZY0qSj/yf/vQnd8EFFzTLB49hw4aF04UPP/xwEGflyly58BwwYEBk+iSe1SJayAKhozztaoHrEUcc4fbaay/35z//ORDl6aefdvvss49jCjHKxcmIdhFtWNu29ls7CjfzMwRaAgEjWy2BquVpCCgETj6mh3pq2Vut1ZKSJk+e7K644gq3bVvpmrUTTjjBPfHEE27t2rVOPvI9e/aUIoJrhw4d3PLly8OpKTQnfPC1jVhOgjIePjxqdBmpi0+qtVqSulq4SnkdO3Z03/rWtxzEGIeN3YUXXpiXNFVCRinfroaAIVA6AvbTpnTsLKUhkAiBccP6OP5q5ZiywzD+jjvuKFmErl27BlOIaL1efvlld/LJJ+f9yFMQBA3brXXr1kWWu2LFimAKMzKwgGfvcZ91/NXS1QJXMMX27bOf/ax77rnn3DHHHOOefPLJWBiiZMRWC00jWkrTbsVCZwGGQEURMM1WReG0zAyBdCKAhgM7q82bN5cs4OjRo92vf/1rt2jRIjdixIiC+WCnxWq37t27O9IylSlbSmA3xFRlknwKFlTDCNXGFdLLik/s3Vjpie1WIefLePjhhwfTkSxQEEd7fOc735FHuxoChkCFETCyVWFALTtDII0IoOGA8CR1TAl+8pOfDAzkZVsAPtKsKtx7772dP4VIvrLlgGwncMkllwSG+RACyp8+fXqQH+HHHnusu+uuu0KD+aRypS1eNXD16wx5OuCAAxITVV9G2hbbPEiztBWLF/7zP//TL8qeDQFDoEIItJk6dWojndecIWAIGAKFEJB9uYYOHVooqoUXgYDhWgRYFtUQyBgC2FeaZitjjWbiGgK1QkC2DMBOyFzlEDBcK4el5WQIpBUBM5BPa8uYXIZAyhBgOgqjbHOVRcBwrSyelpshkEYETLOVxlYxmQwBQ8AQMAQMAUOgbhAwslU3TWkVMQQMAUPAEDAEDIE0ImBkK42tYjIZAoaAIWAIGAKGQN0gYGSrbprSKmIIGAKGgCFgCBgCaUTAyFYaW8VkMgQMAUPAEDAEDIG6QcDIVt00pVXEEDAEDAFDwBAwBNKIgJGtNLaKyWQIGAKGgCFgCBgCdYOAka26aUqriCFgCBgChoAhYAikEQEjW2lsFZPJEDAEDAFDwBAwBOoGASNbddOUVhFDwBAwBAwBQ8AQSCMCRrbS2ComkyFgCBgChoAhYAjUDQJGtuqmKa0ihoAhYAgYAoaAIZBGBIxspbFVTCZDwBAwBAwBQ8AQqBsE2tx8880b33rrrX3qpkZWEUPAEDAEDAFDwBAwBFKCwL777vv2/wc6z+AWjAGtgAAAAABJRU5ErkJggg==)
Looking at the annual returns, however, there is no visible trend on how the category performed. However, during the bull market, they have definitely given better returns than the frontline indices.
Annual Returns of Other MNC Funds and Market Returns
Particulars | 2014 | 2015 | 2016 | 2017 | 2018 |
Aditya Birla Sun Life MNC Fund | 72.32 | 18.79 | -2.43 | 39.54 | -3.62 |
SBI Magnum Global Fund | 67.6 | 8.96 | -0.97 | 43.23 | -9.16 |
UTI MNC Fund | 64.12 | 13.7 | -2.07 | 38.45 | 0.63 |
S&P BSE Sensex | 29.89 | -5.03 | 1.95 | 27.91 | 5.87 |
Looking at the strategy of the fund, past performance of the funds in the similar space and current geopolitical scenario, one can wait for a while, let the portfolio be built and then can take a limited exposure to the fund.