Case Study 2 The portfolio below has had a 2% cash inflow. Please list the trades you would put on to spend this 2% of cash. Trades should be expressed as a % of the account. Client restrictions: Tobacco, Alcohol and Gaming stocks are not permitted. The account cannot be leveraged. Product rules: For client cash flows, please trade to target, taking the below two points into consideration Minimum trade size is 0.1% for all trades. It is ok to go slightly (0.05%) above or below target when facilitating cash flows. If a client cannot invest in a security due to a restriction in their investment guidelines, the portfolio should own more of other securities in that sector, based on a pro-rata slice of the portfolio targets. mm Ni o in in Sector Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Staples Consumer Staples Consumer Staples Consumer Staples Energy Financials Financials Financials Financials Financials Health Care Health Care Health Care Information Technology Information Technology Information Technology Materials Real Estate Utilities Utilities Utilities Security Name ARISTOCRAT LEISURE LTD SOTHEBY'S OMNICOM GROUP AUTOLIV INC AUTOZONE INC NIKE INC-CLB STARBUCKS CORP SERVICE CORP INTERNATIONAL PHILIP MORRIS INTERNATIONAL CVS HEALTH CORP DANONE L'OREAL CONOCOPHILLIPS DBS GROUP HOLDINGS LTD CME GROUP INC CITIGROUP INC AMERICAN EXPRESS CO BLACKROCK INC ANTHEM INC GILEAD SCIENCES INC BIOGEN INC CIELO SA ALPHABET INC-CLC CISCO SYSTEMS INC BASF SE CBRE GROUP INC GUANGDONG INVESTMENT LTD ENEL CHILE SA ENEL AMERICAS SA-SPONS ADR Total: TICKER ALL.AU BID OMC ALV AZO NKE SBUX SCI PM CVS BN.FP OR.FP COP DBS.SP CME AXP BLK ANTM GILD BIIB CIEL3.BZ GOOG CSCO BAS.GR CBG 270.HK ENIC ENIA Held(%) Target(%) Slack(%) 0 2 -2 3.1 3 0.1 3.2 3 0.2 3.2 3 0.2 4.7 4.5 0.2 4.6 4.5 0.1 6.1 6 0.1 6.3 6 0.3 0 1 -1 2.2 2 0.2 2.75 2.5 0.25 5.9 5.5 0.4 1.58 1.58 0 4.46 4.6 -0.14 2.54 2.54 3.42 3.42 3.88 4 -0.12 1.8 1.9 -0.1 8.88 8.94 -0.06 4.55 4.55 0 3.48 3.56 -0.08 2.79 2.86 -0.07 4.7 4.8 -0.1 1.6 1.56 0.04 1.12 1.12 0 2.08 2.08 0 5.92 6.14 -0.22 1.8 1.9 -0.1 1.35 1.45 -0.1 98 100 -2 O O O o Case Study 2 The portfolio below has had a 2% cash inflow. Please list the trades you would put on to spend this 2% of cash. Trades should be expressed as a % of the account. Client restrictions: Tobacco, Alcohol and Gaming stocks are not permitted. The account cannot be leveraged. Product rules: For client cash flows, please trade to target, taking the below two points into consideration Minimum trade size is 0.1% for all trades. It is ok to go slightly (0.05%) above or below target when facilitating cash flows. If a client cannot invest in a security due to a restriction in their investment guidelines, the portfolio should own more of other securities in that sector, based on a pro-rata slice of the portfolio targets. mm Ni o in in Sector Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Discretionary Consumer Staples Consumer Staples Consumer Staples Consumer Staples Energy Financials Financials Financials Financials Financials Health Care Health Care Health Care Information Technology Information Technology Information Technology Materials Real Estate Utilities Utilities Utilities Security Name ARISTOCRAT LEISURE LTD SOTHEBY'S OMNICOM GROUP AUTOLIV INC AUTOZONE INC NIKE INC-CLB STARBUCKS CORP SERVICE CORP INTERNATIONAL PHILIP MORRIS INTERNATIONAL CVS HEALTH CORP DANONE L'OREAL CONOCOPHILLIPS DBS GROUP HOLDINGS LTD CME GROUP INC CITIGROUP INC AMERICAN EXPRESS CO BLACKROCK INC ANTHEM INC GILEAD SCIENCES INC BIOGEN INC CIELO SA ALPHABET INC-CLC CISCO SYSTEMS INC BASF SE CBRE GROUP INC GUANGDONG INVESTMENT LTD ENEL CHILE SA ENEL AMERICAS SA-SPONS ADR Total: TICKER ALL.AU BID OMC ALV AZO NKE SBUX SCI PM CVS BN.FP OR.FP COP DBS.SP CME AXP BLK ANTM GILD BIIB CIEL3.BZ GOOG CSCO BAS.GR CBG 270.HK ENIC ENIA Held(%) Target(%) Slack(%) 0 2 -2 3.1 3 0.1 3.2 3 0.2 3.2 3 0.2 4.7 4.5 0.2 4.6 4.5 0.1 6.1 6 0.1 6.3 6 0.3 0 1 -1 2.2 2 0.2 2.75 2.5 0.25 5.9 5.5 0.4 1.58 1.58 0 4.46 4.6 -0.14 2.54 2.54 3.42 3.42 3.88 4 -0.12 1.8 1.9 -0.1 8.88 8.94 -0.06 4.55 4.55 0 3.48 3.56 -0.08 2.79 2.86 -0.07 4.7 4.8 -0.1 1.6 1.56 0.04 1.12 1.12 0 2.08 2.08 0 5.92 6.14 -0.22 1.8 1.9 -0.1 1.35 1.45 -0.1 98 100 -2 O O O o