6ta `ggu`l Rprfgc v`lum fgvmstfgc bdgcrmss •
@prfl 2, 950; • L`s Xmc`s, GX @ Ra`rmadlkmr @btfvfst‖s Umrspmbtfvm dg I`go Rtdbos Yfba`rk L`salmy, UL B`pft`l
@ Ra`rmadlkmr @btfvfst‖s @btfvfst‖s Umrspmbtfvm Umrspmbtfvm dg dg I`go Rtdbos
[am 6ta @ggu`l X`lum Fgvmstfgc Bdgcrmss Bdgcr mss L`s Xmc`s, GX
Yfba`rk L`salmy, Urfgbfp`l UL B`pft`l Crdup
Kfsbl`fnmrs 9
Fghdrn`tfdg fg tafs kdbunmgt fs prdvfkmk iy Yfba`rk L`salmy, L`salmy, UL B`pft`l, LLB `gk tamfr `hhflf`tms. Ft n`y gdt im i`smk dg sdurbms bdgsfkmrmk td im rmlf`ilm. Fg gd b`sm fs `gy fghdrn`tfdg bdgt`fgmk amrmfg w`rr`gtmk dr fnplfmk td im `g `bbur`tm rmprmsmgt`tfdg dh h`bts dr dtamrwfsm cu`r`gtmmk td im bdrrmbt dr bdnplmtm. [afs n`tmrf`l fs gdt `g dhhmr td smll dr ` sdlfbft`tfdg td iuy `gy smburftfms smburftfms kfsbussmk amrmfg dr `gy fgtmrmst fg tam Hfg`gbf`l Mkcm Hugk, L.U. dr `gy dtamr LU dr Hugk n`g`cmk dr `kvfsmk iy UL B`pft`l ( tam Hugks ). “
„
UL B`pft`l‖s Fgvmstnmgt Gfbam 2
].R. I`go/[arfht Rtdbos
01+ Vm`rs N`g`cfgc I`go Rtdbo Hugks ($90= nfl @]N)
Rn`ll/Nfk-b`p I`gos ($255 nfl td $2.5 ifl Fg @ssmts)
$25 nfl td $255 nfl N`romt B`ps
UL B`pft`l
Ra`rmadlkmr @btfvfsts (r`rm fg i`gofgc)
Sfllfgc td Sdro Sdro wfta Ym`lfstfb N`g`cmnmgt [m`ns [ m`ns @gk Id`rks [`rcmt ]gkmrv`lumk [`rcmt `gk ]gkmrpmrhd ]gkmrpmrhdrnfgc rnfgc I`gos/tarfhts “Hfx Ft dr Rmll Ft„
D vmr tam U`st U`st 01+ ym`rs UL B`pft`l‖s Ir`gk dh Ra`rmadlkmr @btfvfsn @btfvfsn `gk Fgvmstfgc Fgvmstfgc a`s Cmgmr`tmk Afcamr Ymturgs wfta Ldwmr Xdl`tflfty Xdl`tflfty
UL B`pft`l‖s Yfba`rk L`salmy `gk Jdag U`lnmr A`vm ]gfqum Mxpmrfmgbm & Rofll Rmts ;
Dhtmg qudtmk fg g`tfdg`l i`gofgc puilfb`tfdgs Mxpmrts `t sa`rmadlkmr `btfvfsn, prdxy bdgtmsts, `gk bdrpdr`tm cdvmrg`gbm Ymput`tfdgs `s suist`gtfvm `gk smrfdus prdhmssfdg`ls
01+ ym`rs n`g`cfgc i`go stdbo fgvmstnmgt p`rtgmrsafps p`rtgmr safps `t UL B`pft`l
L`salmy `gk U`lnmr
Rfcgfhfb`gt Mxpmrfmgbm `s I`go Kfrmbtdrs 0615‖s `gk m`rly 0665‖s: BU@s hdbusmk mxblusfvmly mxblusfv mly dg tam i`go `gk tarfht fgkustry
M`rly td Nfk 0665‖s: I`go/[arfht N&@ Hfg`gbf`l @kvfsdrs
D vmr tam U`st U`st 01+ ym`rs UL B`pft`l‖s Ir`gk dh Ra`rmadlkmr @btfvfsn @btfvfsn `gk Fgvmstfgc Fgvmstfgc a`s Cmgmr`tmk Afcamr Ymturgs wfta Ldwmr Xdl`tflfty Xdl`tflfty
Hfg`gbf`l Mkcm Hugk, LU Bdgsfstmgtly Y`gomk @ndgc tam Imst Umrhdrnfgc Umrhdr nfgc Hfg`gbf`l Rmbtdr Amkcm Hugks =
Y`gomk `ndgc tam Imst Umrhdrnfgc Amkcm Hugks fg tam Hfg`gbf`l Rmrvfbms Rmbtdr: (Vm`r (V m`r 9502) #3 (Vm`r (V m`r 9509) #2 (Vm`r (V m`r 9500) #;
[dpfbs [dpfbs 8
[am Udst-Hfg`gbf`l Brfsfs Ymbdvmry Ymbdvmry Umrfdk Sfll im @ndgc tam 2 Imst Umrfdks td Fgvmst fg I`go Rtdbos fg tam U`st 25 Vm`rs [amrm Sfll im ` N&@ Iddn Safba Sfll L`st hdr @gdtamr 2-= Vm`rs Vm`rs
@ Rfnplm iut iut Mlmc`gt Hdrnul` Hdrnul` td Mstfn`tm Mstfn`tm Rn`ll/Nfk-b`p I`go Rtdbo Rtdbo N&@ X`lums X`lums (afgt: Ft‖s `ll `idut tam bdst s`vms)
@btfdg`ilm Fkm`s
[am Udst-Hfg`gbf`l Udst-Hfg`gbf`l Brfsfs Umrfdk Sfll Sfll im Dgm dh tam 2 Imst [fnms [fnms td Fgvmst fg I`go Rtdbos 3
I`go Rtdbos `rm Byblfb`l--[am Kdwgturgs `rm Ra`rp `gk Radrt Saflm tam Ymbdvmrfms/]pturgs `rm Ldgcmr RGL ].R. I`go `gk [arfht Fgkmx [dt`l Ymturg
KDSG[]YG
YMBDXMYV
R&L Brfsfs
0616-0665 (0; ndgtas)
-;6%
0665-0661 (3 ¾ ym`rs)
+0,592%
L[BN Brfsfs
0661-9555 0661-95 55 (90 ndgtas)
-93%
9555-9553 (3 ym`rs)
+0=2%
Hfg`gbf`l Brfsfs
9553-9556 (99 ndgtas)
-19%
9556-Urmsmgt (= ym`rs+)
+986% (sd h`r)
[am I`gofgc Fgkustry fs fg Nuba Imttmr Ra`pm [a`g Bdnndgly Bdnndgly Imlfmvmk F[ S@R SDYRM SDYRM fg tam Y[B Y[B Umrfdk dh dh tam M`rly 0665‖s 1
0,155
0,855
0,=3= 0,;1; 0,;58
Gunimr dh "Urdilmn" I`gos Gunimr dh H`flmk I`gos
0,;69 0,;98
0,;55
0,955
s g d f t u t 0,555 f t s g F h d r 155 m i n u G
0,056
855
=2;
0,582 11;
102
359
8=0
=39 ;83
;35 219
;55 989 95; 955
201
930
062
010 =5
5
0=
1
9=9 028 008 003 69 1; 15 =9 =5 38 36 6; 00; 8
0
2
1
3
;
00
2
;
5
5
2
0;5 0=3 9=
69
=0
9;
Fgkustry Hugk`nmgt`ls @rm @lndst I`bo td Urm-Brfsfs Lmvmls Lmvmls 6
I`gofgc Fgkustry @ccrmc`tm Ymsults
9502
9509
9500
9505
9556
9551
9553
9558
% Urdhft`ilm
69%
65%
1;%
31%
86%
3=%
11%
69%
YD@ YD@
0.53%
0.55%
5.11%
5.8=%
(5.51)%
5.52%
5.10%
0.91%
YDM
6.=8%
1.6%
3.1%
=.6%
(5.1)%
5.;%
3.1%
09.2%
GU@s/@ssmts GU@s/@ssmts
0.82%
9.95%
9.85% 9.85%
2.00%
2.23%
0.60% 0.60%
5.6=%
5.=5%
Gmt Ba`rcmDhhs/ Ld`gs
5.86%
0.05%
0.==%
9.==%
9.=9%
0.96%
5.=6%
5.26%
Ld`g Ldss Urdvfsfdg/GBDs
85%
35%
81%
1;%
022%
03=%
0==%
056%
Mqufty/@ssmts
00.9%
00.9%
00.9%
00.9%
00.5%
6.2%
05.;%
05.=%
Kmspftm tam Ymidugk Rfgbm 9556 Rn`ll/Nfk-B`p I`go `gk [arfht Rtdbo X`lu`tfdgs X`lu`tfdgs @rm Rtfll Afstdrfb`lly Afstdrfb`lly @ttr`btfvm 05
255%
@vmr`cm Urfbm/[IX dh RGL [arfht Fgkmxms `gk RGL I`go Fgkmxms ($=55Nfl $=Ifl)0 (09/20/69 - 9/91/0;)
9=5%
955%
0=5%
055%
=5%
@vc. @vc. U/[IX (0669-950;)
I`go Rtdbo X`lu`tfdg Burvm Bur vm Rn`ll B`ps `gk L`rcm B`ps Ndst @ttr`btfvmly X`lumk 00
Nmkf`g Urfbm/[`gcfilm Iddo X`lum ([IX) % iy: 9=5%
955% % X I 0=5% [ / m b f r U g ` 055% f k m N
=5%
5%
N`romt B`pft`lfz`tfdg
@ssmt Rfzm
[am I`gofgc Fgkustry Fgkustr y A`s Immg fg ` Rmbul`r Bdgsdlfk`tfdg S`vm hdr 25+ Vm`rs Vm`rs `gk Gdw [amrm Sfll Im ` Byblfb`l 2-= Vm`r N&@ Iddn 09
95,555 01,555 08,555 0;,555 s o g ` 09,555 I h d r 05,555 m i n 1,555 u G 8,555 ;,555 9,555 5
Gunimr dh ].R. I`gos (061;-9502)
[amrm Sfll Im ` Byblfb`l Byblfb`l N&@ S`vm S`vm [a`t L`sts hdr @gdtamr 2-= Vm`rs Vm`rs 02 855
255% Gunimr dh Nmrcmrs @vmr`cm Urfbm/[`gcfilm Urfbm/[`gcfilm Iddo %
=55
9=5%
955
o d d 955% I m l i f c g ` 0=5% [ / m b f r U . c v 055% @
055
=5%
8%
5%
s l ` m ;55 K h d r m i n 255 u G
;% 9% Y`tfd dh Nmrcmrs Umr Vm`r td [dt`l ].R. I`gos/[arfhts
Say I`go N&@ Sfll Sfll A`ppmg 0;
Umgt Umgt up supply dh idta smllmrs `gk `bqufrmrs `bqufrmrs kum td l`bo dh km`ls kurfgc tam Hfg`gbf`l Hfg`gbf`l Brfsfs @bqufrmrs b`g‖t crdw drc`gfb`lly
Rn`llmr i`gos b`ggdt bdst justfhy rmn`fgfgc fgkmpmgkmgt ‒ tamrm tamrm fs rm`l mbdgdnfbs fg N&@ kum td l`rcm bdst s`vfgcs $2 ifllfdg fg `ssmts fs tam gmw $255 nfllfdg ‒ Ymcul`tdrs Ymcul`tdrs
w`gt sn`llmr i`gos td nmrcm td mst`ilfsa `pprdprf`tm rfso n`g`cmnmgt `gk bdnplf`gbm prdbmssms [am HKFB fs gdt cr`gtfgc gmw i`go i`go ba`rtmrs sd tam dgly mgtry td i`gofgc fs td iuy Nfk-b`p `bqufrmrs a`vm strdgcmr stdbo prfbm burrmgby td kd km`ls (smm p`cm 00) “
„
Ymbmgt nmrcmr `ggdugbmnmgts a`vm immg `t 25% td 0=5%+ n`romt prmnfuns wafba sadws adw ugkmrv`lumk ugkmrv`lumk tamsm stdbos `rm (smm p`cm 03)
Idta iuymrs `gk smllmrs stdbos `rm cdfgc up dg km`l `ggdugbmnmgts
“Nmrcmrs dh Mqu`ls„ (NDMs) `rm adt rfcat gdw
Bdst R`vm @kjustmk N&@ Nultfplms `rm Afstdrfb`lly Afstdr fb`lly @ttr`btfvm [afs Sfll Krfvm Ndrm “Cddk„ N&@ (“Cddk„ hdr idta iuymr `gk smllmrs) 0= 98x
98x
9;x
9;x
99x
Nmkf`g
95x
01.8x
03.6x 01x
95x
03.8x
03.5x
01x 08x
0;.1x
0;x
0;.3x 02.2x
09x
1x
06.9x
08.8x
08x
05x
09.9x
0=.2x
0=.;x 02.=x
08.5x 02.=x
00.3x
0=.6x 09.8x
02.0x
05x 05.0x 1.5x
8x ;x 9x 5x
0;x
09x
6.1x
6.5x
09.;x
09.0x
00.0x 6.1x
99x
1x 8x ;x
R`nplm Rfzm 36 Urm-9555
9x 0;
29
9555-9559
9552
2= 955;
9;
;0
23
09
=9
955=
9558
9553
9551-9505
Udst 9500
Fgblukms tr`gs`btfdgs wfta km`l v`lums 7 $=5 nfllfdg `gk mxblukms t`rcmts wfta L[N YD@@ YD@@ < 5.9=%.
Bdst R`vfgcs: I`smk dg `ggdugbmk bdst s`vfgcs, `ssunfgc L[N L[N gdgfgtmrmst mxpmgsm i`sm `gk t`x-mhhmbtmk `t 2=%. 2=%.
5x
B`pft`l @kjustnmgt: Uurba`sm prfbm `kjustmk hdr mxbmss t`gcfilm t`gcfilm b`pft`l `idvm 1.5%, fg wafba mxbmss b`pft`l fs rmndvmk rmndvmk
@ Rfnplm iut Mlmc`gt S`y td Mstfn`tm ` I`go‖s N&@ X`lum X`lum (tam Bdst R`vms Krfvm N&@ X`lum Mvmg hdr I`gos ta`t Ldsm Ndgmy dr N`om Ldw Ymtur Ymturgs) gs) 08
Gmxt Vm`r‖s Gmt Fgbdnm Mst.
B`g im dit`fgmk hrdn Rtrmmt mstfn`tms mstfn`tms?? fh gd Rtrmmt mstfn`tms, usm tam rug r`tm dh gmt fgbdnm fgbdnm td prdjmbt tam gmxt 09 ndgtas
(fg $nfllfdgs) M Gmt Fgtmrmst Fgbdnm L U Brmkft Ldssms N Gdgfgtmrmst Fgbdnm @ Q Gdgfgtmrmst Mxpmgsm M Urmt`x Gmt Fgbdnm [`x [ `x @htmr [`x [`x Gmt Fgbdnm
+
[`x Mhhmbtmk [`x Bdst R`vms [ypfb`lly [ypfb`lly 9=% hdr dut dh n`romt km`ls `gk 2=% hdr fg-n`romt km`ls? t`x mhhmbt tam bdst s`vms imhdrm `kkfgc td tam mstfn`tmk gmt fgbdnm
Vm`r 0 Vm`r Mstfn`tmk Gmt Fgbdnm + 93.5 - 0.5 + 02.5 - 22.5 + 8.5 - 9.5
N&@ Bdst R`vms (2=%)
00.8 ;.5
05-00x UM Km`l Nultfplm
x
Vm`r 0 Udst Vm`r Bdst R`vms Gmt Fgbdnm + 93.5 - 0.5 + 02.5 - 90.; + 03.8 - 8.5
N&@ X`lum Y`gcm
>
Uut ` 05x td 00x UM r`tfd r `tfd dg tadsm bdst s`vm `kjustmk m`rgfgcs m`rgfgcs td cmt ` r`gcm dh N&@ v`lum (rmbmgt km`ls `vmr`cm 05x ‛ tafs tafs wfll fgbrm`sm dvmr tfnm)
Ndst i`gos tr`km fg tam n`romt wmll imldw tafs v`lum!!
x 05
>
$008 nfl
x 00
>
$091 nfl
L`rcm Bdst R`vms Krfvm @ttr`btfvm Nmrcmr Urmnfuns @s Radwg iy UL B`pft`l B`pft`l Dwgmk Udsftfdgs Udsftfdgs @bqufrmk fg Nmrcmrs Rfgbm 9505 03
* UL B@UF [@L 02K UDRF [FDGR [FDGR F G IDL K
Km`l Urfbm/Ra`rm ($)
Hfg. Mkcm Hugk‖s @vmr`cm Bdst ($)
Km`l Urfbm/[IX
0 Ndgta Km`l Urmnfun0
Km`l Urmnfun vs. Hfg`gbf`l Brfsfs Ldw 9
K`tm @ggdugbmk
Rmllfgc I`go
R[
[dt`l [dt`l @ssmts ($)
8-0;-02
IBRI I`gbdrp (IBRI)*
NK
8;9 nfl
92.33
09.36
021%
+;2%
+985%
=-02-02
BHR I`gbdrp (BF[Z)*
FG
0.9 ifl
05.;6
2.9=
059%
+91%
+=55%
09-95-09
Ydn` Hfg`gbf`l (YDN@)
GJ
0.6 ifl
0=.55
6.52
909%
+10%
+==%
3-06-09
Hfkmlfty I`gbdrp (HRIF)*
U@
88= nfl
99.1=
8.90
0;3%
+005%
+2=2%
=-20-09
Im`bdg Hmkmr`l (IHMK)
GV
0.5 ifl
95.=5
0;.55
003%
+==%
+25=%
=-0-09
Bmgtr`l I`gbdrp (BMIO)
N@
=92 nfl
29.55
05.38
0=9%
+33%
+6;0%
2-09-09
Gdrta Bmgtr`l (HHHK)*
F@
;22 nfl
25.=1
09.=0
055%
+=6%
+903%
9-6-09
Am`rtl`gk Am`rtl` gk (AY[I)*
FG
92= nfl
6.39
8.11
68%
+0=9%
+99;%
0-9=-09
XFR[ Hfg`gbf`l Hfg`gbf` l (XFR[)
U@
0.; ifl
09.=5
1.38
003%
+61%
+0=5%
0-9;-09
Fgkf`g` Bdnn. (FGBI)*
FG
0.5 ifl
9;.58
06.90
095%
+82%
+9;=%
09-=-00
RM Hfg`gbf`l Hfg`gbf` l (RMHL)
U@
253 nfl
0;.=5
=.16
099%
+9;=%
+9;=%
8-95-00
[dwmr [dwmr I`gbdrp ([DIB)
U@
9.8 ifl
91.55
90.21
0;9%
+28%
+=2%
;-91-00
Rt`tm I`gbdrp (R[IB)*
GV
0.8 ifl
02.=0
0=.60
011%
+25%
+908%
I`gofgc Rmbtdr @btfvfsn fs Ydiust Kmspftm Dgly ` A`gkhul dh @btfvfsts Ruba `s UL B`pft`l [afs @lsd @bbmlmr`tms N&@ 01
@btfvfst Mvmgts Rprm`k @brdss Fgkustrfms Umrbmgt dh `btfvfst mvmgts, mvmgts, 066;-9502
06
L`rcm B`p I`go Rtdbo Fgvmstnmgt Fkm`: [@YU [ @YU S`rr`gts S`rr`gts
[@YU [@YU S`rr`gts S`rr`gts `rm ` rm `g @ttr`btfvm S`y S`y td Fgvmst Fgvmst fg Rdnm dh tam L`rcmr L`rcmr I`gos 95
[am 9551 [@YU prmhmrrmk prmhmrrmk fssu`gbms fgblukmk w`rr`gts [am [rm`sury [rm`sury a`s `ubtfdgmk dhh smvmr`l i`go w`rr`gts w`rr`gts wafba `rm gdw puilfbly tr`kmk (m.c. (m.c. B`pft`l Dgm, I`go dh @nmrfb`, UGB, Bftfcrdup, Bftfcrdup, Zfdgs, Bdnmrfb`, mt. `l.) Ndst dh tamsm w`rr`gts w`rr`gts mxpfrm mxpfrm `t tam mgk dh 9501 [am w`rr`gts bdgt`fg `ttr`btfvm `ttr`btfvm `gtf-kflutfdg prdtmbtfdg hdr `gy kfvfkmgks kfvfkmgks p`fk dut fg mxbmss dh kfvfkmgk lmvml lmvml p`fk wamg tam [@YU w`s w`s fssumk [am “dut dh tam ndgmy„ tfnm prmnfuns `rm vmry ldw, ldw, p`rtfbul`rly bdnp`rmk td tam lfomly crdwta fg t`gcfilm iddo v`lum `gk m`rgfgcs tarduca 9501
UL B`pft`l Lfoms tam JUN, BDH `gk UGB [`rp S`rr`gts tam Ndst. I@B, ZFDG `gk B [`rp S`rr`gts S`rr`gts `rm Lmss @ttr`btfvm.
Sm Sm Urmhmr tam [@YU [@YU S`rr`gt S`rr`gtss dh tam I`gos Gdtmk 90
G`nm
[fbomr
Not. B`p (ifls) Ymbmgt Urfbm
Urfbm/[IX % Urfbm/950; MUR Urfbm/950= MUR
Kfv. Vlk. %
N&[ I`go
N[I
08
$090.03
929
0=.3
02.8
9.20
].R. I`gbdrp
]RI
36
$;2.;9
250
02.3
09.8
9.09
OmyBdrp
OMV
02
$0;.;5
0;2
02.6
09.8
0 .=2
Rug[rust
R[F
99
$;5.21
0=2
02.2
09.2
5.66
Hfhta [afrk
HF[I
95
$92.2;
015
02.9
09.9
9.58
Ymcfdgs
YH
08
$00.00
0;1
02.5
09.0
0.51
II&[
II[
96
$;5.33
998
02.9
09.5
9.98
UGB
UGB
;8
$18.;9
085
09.;
00.8
9.5;
Smlls H`rcd
SHB
9=1
$;1.68
951
09.0
00.=
9.;=
I`go dh @nmrfb`
I@B
019
$03.90
098
02.5
05.8
5 .92
B`pft`l Dgm
BDH
;2
$3=.29
082
00.5
05.2
0.=6
Q
JUNdrc`g
JUN
920
$85.62
0=9
05.2
6.8
9.;6
Q
Bftfcrdup
B
0=2
$=5.25
65
05.2
1.3
5.51
[@YU S`rr`gts Sm Lfom
Q
[am JU Ndrc`g (JUN) [@YU S`rr`gts (JUN.SR) ( JUN.SR) @rm @ttr`btfvm 99
JUN.SR Urfbm (2-95-0;) Mxpfr`tfdg K`tm Rtrfom Urfbm L[N @vc. K`fly Xdlunm
$95.0= 05-91-01 $;9.;9 0;8,160
•
•
•
•
JUN
Urfbm (2-95-0;) [dt`l [ dt`l @ssmts (trfls) N`romt B`p. (ifls) Ra`rms d/s (ifls) 950; MUR Mst. Kfvfkmgk Vfmlk
•
$85.00 $9.; $991 2.1 $=.69 9.=%
•
•
•
•
Urdjmbtfdg @ssunptfdgs Rtdbo `gk w`rr`gt prfbm `s dh 2-95-0; 9502 Dpmr`tfgc MUR dh $=.8= usmk `s ` i`smlfgm hdr MUR crdwta r`tm `gk Burrmgt Urfbm/L[N MUR 950;-9501 MUR Crdwta Y`tm: 8% 950;-9501 Kfvfkmgk U`ydut Y`tfd: 25% 9501 Urfbm/[`gcfilm Iddo X`lum (020%) sarfgos vs. burrmgt Urfbm/[IX (0=5%) 9501 Urfbm/L[N Urfbm/L[N MUR dh 00.5x rmn`fgs bdgsfstmgt wfta 05 ym`r nmkf`g (00.5x) `gk burrmgt (05.8x) Gd stdbo iuyi`bos fgbdrpdr`tmk fg [IX/sa`rm FYY gdtmk `idvm kdms gdt fgblukm `gy imgmhft hrdn tam `gtf-kflutfdg mxbmss kfvfkmgk `kjustnmgt wafba hdr hdr JUN wdulk `kk `kk `pprdxfn`tmly `pprdxfn`tmly 9% td tam tam FYY YD[Ms rmn`fg h`frly stm`ky hrdn 9502 (`btu`l > 0;%) `gk 9501 prdjmbtmk > 09%)
JUN [`rp [`rp S`rr`gt FYY Rmgsftfvfty N`trfx (usfgc ` r`gcm r`gcm dh MUR crdwta r`tms `gk tmrnfg`l tmr nfg`l 9501 UM r`tfds) 92
[am B`pft`l Dgm (BDH) [@YU S`rr`gts S`rr`gts (BDH.SR) (BDH.SR) @rm @ttr`btfvm 9;
BDH.SR
Urfbm (2-95-0;) Mxpfr`tfdg K`tm Rtrfom Urfbm L[N @vc. K`fly Xdlunm
$29.8; 00-0;-01 $;9.02 00,0=2
•
•
•
•
BDH
Urfbm (2-95-0;) [dt`l [ dt`l @ssmts (ifls) N`romt B`p. (ifls) Ra`rms d/s (nfls) 950; MUR Mst. Kfvfkmgk Vfmlk
•
$3;.91 $963 $;2 =32 $8.10 0.8%
•
•
•
Urdjmbtfdg @ssunptfdgs Rtdbo `gk w`rr`gt prfbm `s dh 2-95-0; 950;-9501 MUR Crdwta Y`tm: 3% 950;-9501 Kfvfkmgk U`ydut Y`tfd: 25% 9501 Urfbm/[`gcfilm Iddo X`lum (0;1%) sarfgos vs. burrmgt Urfbm/[IX (080%) 9501 Urfbm/L[N Urfbm/L[N MUR (00.5x) rmn`fgs bdgsfstmgt wfta 05 ym`r nmkf`g (00.5x) `gk burrmgt (05.3x) Gd stdbo iuyi`bos fgbdrpdr`tmk fg [IX/sa`rm FYY gdtmk `idvm kdms gdt fgblukm `gy imgmhft hrdn tam `gtf-kflutfdg mxbmss kfvfkmgk `kjustnmgt wafba hdr BDH wdulk `kk `pprdxfn`tmly `pprdxfn`tmly 2% td tam FYY YD[Ms sarfgo hrdn 9502 (`btu`l > 0=%) td 9501 (prdjmbtmk > 02%)
BDH [`rp S`rr`gt FYY Rmgsftfvfty N`trfx (usfgc ` r`gcm r`gcm dh MUR crdwta r`tms `gk tmrnfg`l tmr nfg`l 9501 UM r`tfds) 9=
[am UGB Hfg`gbf`l (UGB) [@YU [@YU S`rr`gts S`rr`gts (UGB.SR) ( UGB.SR) @rm @ttr`btfvm 98
UGB.SR
Urfbm (2-95-0;) Mxpfr`tfdg K`tm Rtrfom Urfbm L[N @vc. K`fly Xdlunm
$92.;5 09-20-01 $83.22 2=,881
UGB
Urfbm (2-95-0;) [dt`l [ dt`l @ssmts (ifls) N`romt B`p. (ifls) Ra`rms d/s (nfls) 950; MUR Mst. Kfvfkmgk Vfmlk
•
•
•
•
$18.82 $295 $;8 =22 $3.52 9.5%
•
•
•
Urdjmbtfdg @ssunptfdgs Rtdbo `gk w`rr`gt prfbm `s dh dh 2-95-0; 950;-9501 MUR Crdwta Y`tm: 3% 950;-9501 Kfvfkmgk U`ydut Y`tfd: 25% 9501 Urfbm/[`gcfilm Iddo X`lum (0=3%) bdgsfstmgt wfta burrmgt Urfbm/[IX (085%) 9501 Urfbm/L[N Urfbm/L[N MUR fgbrm`sms f gbrm`sms td 02x (05 ym`r nmkf`g) hrdn 00.3x burrmgtly Gd stdbo iuyi`bos fgbdrpdr`tmk fg [IX/sa`rm YD[Ms rmn`fg h`frly stm`ky imtwmmg 9502 (`btu`l > 0;%) `gk 9501 (prdjmbtmk > 09%)
UGB [`rp S`rr`gt FYY Rmgsftfvfty N`trfx (usfgc ` r`gcm r`gcm dh MUR crdwta r`tms `gk tmrnfg`l tmr nfg`l 9501 UM r`tfds) 93
91
Rn`ll-b`p I`go Rtdbo Fgvm Fgvmstnmgt stnmgt Fkm`s: 0. 9. 2.
Nmtrd I`gbdrp, Fgb. (NM[Y)0 Adrfzdg I`gbdrp, Fgb. (AIGB)9 Fgtmrvmst I`gbsa`rms (FIB@)2
Nmtrd I`gbdrp (NM[Y) ‒ Fgvmstnmgt Fgvmstnmgt X`lum Urdpdsftfdg Runn`ry 96
[afs hdrnmr hdrn mr `hhflf`tm dh Bdnnmrbm I`go a`s ` v`lu`ilm kmpdsft hr`gbafsm fg Bmgtr`l U@
Omy H`bts ‒ Nmtrd Nmtrd I`gbdrp, Fgb. (NM[Y)
$9.1 Ifllfdg A`rrfsiurc, U@ Ldb`tfdg (Bmgtr`l U@) Bdnndg Ra`rms 0;.9 nfllfdg Dutst`gkfgc Ldw fgtmrmst r`tms a`vm aurt MUR imb`usm tamy `rm cm`rmk c m`rmk hdr N`romt B`p $960 nfllfdg afcamr fgtmrmst r`tms $95.;0 Ymbmgt Rtdbo Urfbm Gunmrdus dtamr i`gos w`gt td iuy NM[Y, N M[Y, iut a`vm immg % Fgstftutfdg`l rmiuhhmk iy NM[Y? NM[Y fs fgstm`k pursufgc gmw ir`gbams fg 39% Dwgmrsafp tam Uaflly suiuris % Fgsfkmr 1% Dwgmrsafp NM[Y‖s 35 ym`r-dlk BMD dwgs 255,555 sa`rms [`gcfilm [ `gcfilm Iddo $08.06 UL B`pft`l imlfmvms imlfmvms tam iurkmg dh prddh fs dg NM[Y td prdvm prdvm ta`t X`lum/ X `lum/ Ra`rm crdwfgc r`tamr ta`g smllfgc gdw wdulk prdkubm ndrm sa`rmadlkmr $0.9= 950; MUR Mst.
NM[Y usms tam Bdnnmrbm I`go rmt`fl r mt`fl i`gofgc ndkml (dpmg 3 k`ys ` wmmo? l`tm adurs? hdbus dg bambofgc `bbdugts? “afca tduba„ `gk afca bdst)
[dt`l [ dt`l @ssmts
v`lum
Mst. Burrmgt N&@ X`lum: X`lum: $93-$25 (+ 29% 29% td +;3%) dr crm`tmr
950= MUR Mst.
$0.25
Kfv. Vfmlk (%)
5.5%
Nmtrd I`gbdrp (NM[Y) ‒ Bmgtr`l Bmgtr`l U@ Hddtprfgt mxp`gkfgc fgtd Ruiuri`g Uaflly 25
Nmtrd L`cs fts Ummrs fg Urdhft`iflfty 20
NM[Y
Ummrs0 ($0-$= Ifl fg @ssmts)
Ymturg dg @vmr`cm @ssmts (%)
5.8;%
5.11%
Gdgfgtmrmst Mxpmgsm/ @vc @ssmt (%)
2.2%
2.5%
Ld`gs/ Kmpdsfts (%)
31%
12%
@vc.. M`rgfgc @ssmts/ H[M @vc
$9.6 nfl
$;.; nfl
Gmt Fgtmrmst Fgbdnm/ H[M
$05=,555
$089,555
Gdgfgtmrmst Fgbdnm/ H[M
$25,555
$23,555
[dt`l [ dt`l Ymvmgum/ H[M
$02=,555
$066,555
Mhhfbfmgby Y`tfd (%)
32%
83%
Kmspftm L`ccfgc fts Ummrs Nmtrd A`s ` X`lu`ilm Hr`gbafsm Udtmgtf`l @bqufrmrs‖ “@iflfty td U`y„
29
Bdst R`vm %
Km`l Urfbm td Bdst R`vm @kj. 950; MUR
@bqufrmr‖s N`rcfg`l MUR @bbrmtfdg
HGI Bdrp. (HGI)
25%
00x-09x
25%-;5%
$91.85 - $25.15
Hultdg Hfg`gbf`l (H]L[)
2=%
05x-00x
;5%-=5%
$93.1; - $96.12
G`tfdg`l Umgg (GUIB)
2=%
05x-00x
;5%-=5%
$93.50 - $91.6;
Rusquma`gg` (R]RP)
2=%
05x-00x
95%-25%
$93.61 - $25.29
[dnpofgs [dnpofgs ([NU) ([NU)
25%
05x-00x
25%-;5%
$98.=2 - $91.=3
Bdnnugfty I`go (BI])
25%
00x-09x
85%-35%
$93.2= - $96.58
Gdrtawmst (GSIF)
25%
05x-00x
055%-095%
$98.05 - $91.35
SmsI`gbd SmsI`gbd (SRIB)
25%
00x-09x
95%-25%
$93.== - $96.1;
Udtmgtf`l @bqufrmr ([fbomr)
Lfomly Km`l Urfbm:
KM@L UYFBM I]VMY B@G U@V
$93 - $25
UL B`pft`l Imlfmvms ta`t Dgm dr Ndrm dh [amsm Iuymrs Sdulk Sdulk U`y Ndrm ta`g
Mvmg fh Nmtrd (NM[Y) Kml`ys ` R`lm tam Urdjmbtmk N&@ X`lums X`lums `gk FYYs `rm @ttr`btfvm 22
[am upsfkm pdtmgtf`l `gk FYY 0 fs `ttr`btfvm mvmg mvmg fh NM[Y w`fts w`fts td pursum ` s`lm (p`rtfbul`rly (p`rtfbul`rly fh fgtmrmst fgtmrmst r`tms rfsm)
NM[Y imlfmvms tamy wfll crdw ld`gs 705% pmr ym`r (wftadut tam gmmk hdr ` b`pft`l r`fsm)
Fh fgtmrmst r`tms rfsm NM[Y‖s NM[Y‖s MUR `gk [IX sadulk mxbmmk tam `ndugts prdjmbtmk imldw
Km`l @ggdugbm nmgt Urdjmbtmk K`tm [IX/Ra
MUR Mst.9
UL B`pft`l‖s Mstfn`tmk NM[Y N&@ X`lum
]psfkm Udtmgtf`l
FYY 0
2/20/0;
$08.;6
$0.95
$91
+23%
+3;%
2/20/0=
$03.35
$0.90
$25
+;3%
+96%
2/20/08
$01.66
$0.96
$29
+=3%
+95%
2/20/03
$95.26
$0.;5
$2;
+83%
+08%
2/20/01
$99.5;
$0.8=
$28
+38%
+02%
Rn`ll-b`p I`go Rtdbo Fgvmstnmgt Fkm`: Adrfzdg I`gbdrp (AIGB) Udtmgtf`l Y9555 Kmlmtm Sdrta Sdrta Dwgfgc Samtamr [amy Cmt Kmlmtmk dr Gdt 2;
Ymbmgt Urfbm $90.12
Ra`rms Not. [dt`l [dt`l d/s B`p. @ssmts Ldb`tfdg 1.8 nfl $011 nfl $0.1 Ifl FG, FG, NF
09/20/02 9502 950; 950= [IX/ Urfbm/ MUR MUR Mst. MUR Mst. sa`rm [IX $9.03 $0.6; $9.56 $0;.6; 0;8%
Kfv. Vfmlk 9.5%
GU@ % 0.9%
@vc. @vc. K`fly Xdlunm X dlunm 95,326
X`lu`ilm, X`lu`ilm, afca pmrhdrnfgc i`go fg Fgkf`g` `gk Nfbafc`g
Bdgsfstmgtly r`gomk r`gomk `s dgm dh tam tdp pmrhdrnfgc bdnnugfty bdnnugfty i`gos fg tam ]R Dgm dh dgly 8 G`sk`q dr mxba`gcm lfstmk i`gos imtwmmg imtwmmg $0-$= ifllfdg fg `ssmts ta`t m`rgmk dvmr 0=% YD[BM fg idta 9509 `gk 9502, ymt ft tr`kms `t dgly 0;1% 0;1% dh t`gcfilm iddo v`lum v`lum vs. 201% hdr tam dtamr = afca pmrhdrnmrs (smm p`cm 28) Gdt wfkmly hdlldwmk iy `g`lysts dr dwgmk iy fgstftutfdg`l fgvmstdrs (mxblukfgc UL B`pft`l, fgst‖l dwgmrsafp fs dgly 9=%) AIGB a`s immg ` kfsbfplfgmk N&@ `bqufrmr wafba bdulk imbdnm ` N&@ smllmr fh tamy b`ggdt bdgtfgum td hfgk crdwta Sdrta Sdrta $25+ fg ` km`l fh tamy kmbfkm td smll
UL B`pft`l fs suppdrtfvm dh AIGB‖s n`g`cmnmgt `gk iusfgmss ndkml (02C pdsftfdg ‛ UL UL B`pft`l dwgs 8%)
Iuy AIGB rmc`rklmss dh wamtamr ft cmts kmlmtmk kmlmtmk hrdn Y9555 `gk `kk ndrm ndrm fh ft cmts kmlmtmk (`t burrmgt
Hrdn ` Ymbmgt Adrfzdg (AIGB) Urmsmgt`tfdg 2=
Adrfzdg (AIGB) fs tam Ldwmst X`lumk Afca Umrhdrnfgc $0-$= Ifl @ssmt I`go fg tam ].R. 0 28
AIGB Urfbm/[IX > 0;1% vs. 201% (`vmr`cm) hdr tam Dtamr Afca Umrhdrnmrs ;=5 Adrfzdg wfll lfomly gdt tr`km `t tam s`nm lmvmls `s ;55 fts afca pmrhdrnfgc pmmrs (`vmr`cm 201% [IX), iut 2=5 ft sadulk tr`km fg lfgm wfta dtamr i`gos wfta sfnfl`r % 255 YD[BMs. X I Adrfzdg‖s 950; mstfn`tmk [ / 9=5 YD[BM fs 02%. I`gos m b f wfta 02% YD[BMs r U burrmgtly tr`km `t 955 `pprdxfn`tmly 015-955% [IX (dr $93-$25 AIGB), 0=5 ` 9;% td 23% fgbrm`sm hrdn AIGB‖s rmbmgt 055 prfbm. 0= 08 03 01 06 95 90
Rn`ll-b`p I`go Rtdbo Fgvmstnmgt Fkm`: Fgtmrvmst I`gbsa`rms (FIB@) Udtmgtf`l Y9555 Kmlmtm Sdrta Sdrta Dwgfgc Samtamr [amy Cmt Kmlmtmk dr Gdt 23
Ymbmgt Urfbm
Ra`rms d/s
Not. B`p.
[dt`l [ dt`l @ssmts
Ldb`tfdgs
9502 MUR
$3.;9
90.6 nfl
$082 nfl
$0.8 Ifl
GV, GV, HL
$5.80
950; 09/20/02 MUR Mst. [IX/ (UL B`pft`l) sa`rm
$5.8=
Urfbm/ [IX
Kfv. Vfmlk
GU@ %
@vc. K`fly @vc. Xdlunm X dlunm
12%
5.5%
2.1%
=;,96=
$1.66
“Sadlms`lm„ kmpdsft c`tamrmr `gk BYM lmgkmr wfta ir`gbams fg GV `gk HL (lmgks fg gunmrdus st`tms)
Dgm dh dgly 8 G`sk`q dr mxba`gcm lfstmk i`gos ta`t tr`km imldw 055% dh t`gcfilm iddo v`lum (FIB@>1=%) dut dh `ll i`gos/tarfhts wfta wfta dvmr $0.5 ifllfdg fg `ssmts `gk dvmr =% YD[BMs (g > 66)
FIB@‖ FIB@‖s gmt fgtmrmst fgtmrms t n`rcfg `gk MUR sadulk bdgtfgum td fnprdvm `s afcamr bdst kmpdsfts rdll dvmr, lmc`by brmkft bdsts suisfkm `gk ldw yfmlkfgc mxbmss lfqufkfty fs fgvmstmk fg afcamr yfmlkfgc ld`gs
Ndst dh tam GU@s GU@s `rm [KYs wafba wfll gdt a`vm sfcgfhfb`gt ldssms
Mqufty b`pft`l fs ndrm ta`g suhhfbfmgt `gk [@YU w`s rmp`fk fg 9502
Gd rmsm`rba `g`lysts hdlldw tam bdnp`gy
FIB@ fs ` hr`gbafsm ta`t wfll lfomly gdt im sdlk gdr wfll FIB@ im `g `bqufrmr
H`nfly rug/p`rtf`lly dwgmk iy K`gsomr h`nfly
UL B`pft`l fs suppdrtfvm suppdr tfvm dh FIB@‖ FIB@‖s n`g`cmnmgt `gk iusfgmss ndkml (02C pdsftfdg‛ pdsftfdg ‛ UL UL B`pft`l dwgs 3.;%)
Iuy FIB@ rmc`rklmss dh wamtamr ft cmts kmlmtmk hrdn Y9555 `gk `kk ndrm fh ft cmts kmlmtmk
UL B`pft`l Crdup0 Bdgt`bt Fghdrn`tfdg `gk Kmsbrfptfdg 21
Jdag U`lnmr, U`lnmr, Urfgbfp`l [am UL B`pft`l Crdup ;3 M. Bafb`cd @v @vmgum mgum Ruftm 228 G`pmrvfllm, FL 85=;5 825-1;1-02;5 825-1;1-02;9 (h`x) jp`lnmrEplb`pft`lllb.bdn
Yfba L`salmy, L`salmy, Urfgbfp`l [am UL B`pft`l Crdup 83 U`ro Ul`bm M`st Ruftm 83= Ndrrfstdwg, GJ 53685 632-=26-=;55 632-=26-=;5; (h`x) rl`salmyEplb`pft`lllb.bdn
www.plb`pft`lllb.bdn www.plb`pft`lllb.bdn
Burt [adnpsdg, N`g`cfgc Kfrmbtdr Kfrmbtdr [am UL B`pft`l Crdup ;3 M. Bafb`cd @vmgum Ruftm 228 G`pmrvfllm, FL 85=;5 209-=85-983= 825-1;1-02;5 btadnpsdgEplb`pft`lllb.bdn
