The contribution to performance demonstrates the different sources of returns. The sum of these elements is equal to the performance before the deduction of management fees applicable to the portfolio for the period in question. Fees payable for the period account for the difference between the gross performance and the net performance.
The unfavourable scenario occurred for an investment between 09/2020 and 09/2023.
The moderate scenario occurred for an investment between 12/2014 and 12/2017.
The favourable scenario occurred for an investment between 12/2018 and 12/2021.