User manual PANASONIC PV-M2037

[. . . ] ô1 $ 2%5$=29. < 7(/(9, =258 9\W KQ WH YLGOLFL Võ RY KR S õYRGX ]H ] VXYN\ 6N õÈNX D REUD]RYNX O]H LVWLW P NNâP KDG õNHP QDYOK HQâP MHPQâP PâGORYâP UR]WRNHP 1HSRX õYHMWH UR]WRN\ REVDKXMõFõ EHQ]RO QHER URSQ SURGXNW\ 7HOHYL]RU PÞ H SURGXNRYDW VWDWLFNRX HOHNW LQX SURWR G YHMWH SR]RU S L NRQWDNWX V REUD]RYNRX F 9\KâEHMWH VH SÞVREHQõ S õP KR VOXQH QõKR VY WOD D MLQâFK ]GURMÞ WHSOD QD WHOHYL]RU 3UR ]DPH]HQõ SR UX QLNG\ QHQHFK YHMWH VYõ N\ L MLQâ ]GURM RKQ÷ QD WHOHYL]QõP S LMõPD L QHER Y MHKR EOõ]NRVWL F $E\ VH ]DEU QLOR SRUXFK P HOHNWULFNâFK VRX VWHN MH GRVWDWH Q Y WU Qõ GRSRUX XMHPH SRQHFKDW GÞOH LW PH]HUX DOHVSRÈ FP NROHP WHOHYL]RUX L NG\ KR XPõVWõWH GR VN õÈN\ QHER PH]L SROLFH F . $0 6 2'3$'< 1HSRW HEQ REDO\ D EDWHULH Y\KD]XMWH GR VSHFL OQõFK NRQWHMQHUÞ QD VHSDURYDQâ RGSDG -$. [. . . ] 5<&+/( =$ ô7 -DN U\FKOH ]D õW =NRQWUROXMWH ]GD P WH ]REUD]HQ S õVOX HQVWYõ D S HGP÷W\ 1(%2 %DWHULH SUR G ONRYâ RYODGD [ 5 80 6&$57 $9 NU\WND 7. 3( 3 LSRMWH DQW QX D S õGDYQ ]D õ]HQõ 3 LSRMHQ S LMõPD H ]DSQ÷WH 9\EHUWH VYÞM MD]\N $9 NU\WND 7. 3( ' ONRYâ RYODGD (85 6WLVNQ WH WOD õWNR k79$9l 9\EHUWH VYRML ]HPL 6WLVNQ÷WH WOD õWNR 79$9 6SXVWõ VH DXWRPDWLFN QDVWDYHQõ 9D H Y\VõODFõ VWDQLFH EXGRX Y\KOHG Q\ XOR HQ\ D SRS õSDG÷ VHW õG÷Q\ Y SDP÷WL WHOHYL]RUX 6WLVNQ÷WH WOD õWNR k)l FKFHWH OL S HUX LW VWLVNQ÷WH WOD õWNR k1l FKFHWH OL XNRQ LW VHNYHQFL $73 1 YRG N REVOX]H %DWHULH G ONRY KR RYODGD H 3RNXG MH GR NRQHNWRUX $9 S LSRMHQ NRPSDWLELOQõ YLGHRUHNRUG U SURJUDPRY ÔGDMH VH ]NRSõUXMõ S HV 4/LQN GR YLGHRUHNRUG UX 9L] VWUDQD : 8MLVW÷WH VH H EDWHULH MVRX YOR HQ\ YH VSU YQ SROR]H : 1HPõFKHMWH VWDU EDWHULH V QRYâPL 6WDU Y\ELW EDWHULH RNDP LW÷ RGVWUDÈWH : 1HPõFKHMWH UÞ]Q W\S\ EDWHULõ WM DONDOLFN D PDQJDQRY DQL QHSRX õYHMWH 1L &G D 1L 0+ DNXPXO WRU\ 1DVWDYHQõ KODVLWRVWL 9ROED NDQ OX 3RNXG YLGHRUHNRUG U QHS LMDO GDWD S HKUDQ ] WHOHYL]RUX EXGHWH ] HMP÷ PXVHW ]YROLW YROEX S HKU Y Qõ GDW ] PHQX YLGHRUHNRUG UX 3RNXG 4/LQN QHSUDFXMH VSU YQ÷ ]NRQWUROXMWH ]GD MH NDEHO 6&$57 S LSRMHQ GR NRQHNWRUX $9 QD WHOHYL]RUX ]GD MH nSOQ÷ REVD]HQl SLQÞ D ]GD MH YLGHRUHNRUG U NRPSDWLELOQõ V 4/LQN 1(;79, (:/, 1. L SRGREQâPL WHFKQLNDPL 3RGUREQ LQIRUPDFH R 4/LQN D R S LSRMHQõ ]D õ]HQõ QDOH]QHWH QD VWU QN FK D 2 GDO õ SRGUREQRVWL SR GHMWH VY KR SURGHMFH 3RNXG LQVWDOXMHWH QRYâ YLGHRUHNRUG U NRPSDWLELOQõ V IXQNFõ 4/LQN PÞ HWH MHM Q\Qõ ]DSQRXW 3 HKUDQ ÔGDMH R ODG÷Qõ VH EXGRX VKRGRYDW V ÔGDML Y WHOHYL]RUX 3RNXG LQVWDOXMHWH QRYâ YLGHRUHNRUG U NRPSDWLELOQõ V 1(;79, (:/, 1. L SRGREQ WHFKQRORJLH XPR ÈXMõ DE\ WHOHYL]RU GDO NRPSDWLELOQõPX YLGHRUHNRUG UX SRN\Q DE\ QDKU YDO SURJUDP NWHUâ MH DNWX OQ÷ ]REUD]HQâ QD REUD]RYFH EH] RKOHGX QD WR MDN SR]LFH SURJUDPX MH QDVWDYHQD QD YLGHRUHNRUG UX õP VH ]MHGQRGX XMH SURFHV QDKU YDQõ SURJUDPÞ 1DKU Y Qõ SURJUDPX NWHUâ SU Y VOHGXMHWH 6WLVNQ WH WOD õWNR 3 ô0þ 1$+5 9 1ô = 79 QD G ONRY P RYODGD L 3 ô0þ 1$+5 9 1ô = 79 3RNXG MH YLGHRUHNRUG U Y\SQXW VWLVNQXWõP WOD õWND 3 ô0þ 1$+5 9 1ô = 79 VH DXWRPDWLFN\ ]DSQH 1D REUD]RYFH VH ]REUD]õ ]SU YD Y\VODQ YLGHRUHNRUG UHP NWHU XY Gõ FR VH QDKU Y QHER H QDKU Y Qõ QHQõ PR Q 9LGHRUHNRUG U QDKU Y S HGQDVWDYHQâ SURJUDP 9LGHRUHNRUG U QDKU Y ] YODVWQõKR WXQHUX 9LGHRUHNRUG U QDKU Y VLJQ O ] YODVWQõKR WXQHUX 3RNXG VL S HMHWH PÞ HWH WHOHYL]RU Y\SQRXW D QHFKDW YLGHRUHNRUG U REY\NOâP ]SÞVREHP QDKU YDW 9LGHRUHNRUG U QDKU Y ] WHOHYL]RUX 9LGHRUHNRUG U QDKU Y VLJQ O ] WHOHYL]RUX 1HVPõWH ]P÷QLW SR]LFL SURJUDPX DQL Y\SQRXW WHOHYL]RU SRNXG WR XG÷O WH YLGHRUHNRUG U QDKU Y Qõ DXWRPDWLFN\ XNRQ õ D Y\SQH VH 1HQDKU Y VH 3 6. $ -( &+5 1 1 3 (' = 3, 6(0 %\O RGVWUDQ Q EORNRYDFõ MD]â HN QD ]DGQõ VWUDQ ND]HW\ 3 õNODG\ GDO õFK ]SU Y NWHU VH PRKRX ]REUD]LW MVRX 1HQDKU Y VH 9, '(25(. 25'þ5 8 1$+5 9 1HQDKU Y VH 1(1ô 3 6. $ 1HQDKU Y VH 9, '(25(. 25'þ5 3 (+5 9 9LGHRUHNRUG U QDKU Y ] H[WHUQõKR YLGHRPDJQHWRIRQX 1HQDKU Y VH 3 6. $ 0ß ( %ã7 32 . 2=(1$ 1HQDKU Y VH 1(1ô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 ) 6HOHFWLRQ RI IXQFWLRQV )XQFWLRQV DUH GLVSOD\HG RQ WKH VFUHHQ DQRWKHU SUHVV ZLOO VHOHFW DFFHVVLEOH IXQFWLRQV VXFK DV YROXPH FRQWUDVW EULJKWQHVV FRORXU VKDUSQHVV WLQW 176& RQO\ EDVV WUHEOH VWHUHR VRXQG EDODQFH DQG VHWXS PRGH +HDGSKRQHV MDFN VHH SDJH  5&$ DXGLRYLGHR MDFN VHH SDJH  79$9 VZLWFK VHH SDJH  3URJUDPPH QXPEHU XS DQG GRZQ SUH VDYHG , I WKH VHOHFWHG IXQFWLRQ KDV EHHQ GLVSOD\HG RQ WKH VFUHHQ LQFUHDVH RU GHFUHDVH WKH OHYHO RI WKH VHOHFWHG IXQFWLRQ E\ SUHVVLQJ WKH EXWWRQ 5HPRWH &RQWURO 8QLW 3RZHU RU VWDQG E\ 6RXQG PXWH 'LUHFW UHFRUG 4 /LQN EXWWRQ DFWLYDWHV $GMXVWV WKH VHOHFWHG IXQFWLRQV , I WKH UHTXLUHG IXQFWLRQ KDV QRW EHHQ VHOHFWHG DGMXVWV WKH YROXPH 6HOHFWV IXQFWLRQV 3UHVV WR VHOHFW PHQX RQ WKH VFUHHQ VHH SDJH  5HFDOOV WKH OHYHOV VHOHFWHG ZLWK WKH 675 EXWWRQ RQ WKH XQLW IURQW SDQHO &DQFHOV WKH PHQX LQGLFDWLRQV RQ WKH VFUHHQ 1XPEHUHG EXWWRQV WR FKDQJH SURJUDPPHV GLUHFWO\ VHOHFW FKDQQHOV WHOHWH[W SDJH VHOHFWLRQ 'LUHFW FKDQQHO VHOHFWLRQ SUHVV DQG VHOHFW WKH FKDQQHO RQ WKH QXPEHUHG EXWWRQV , I \RX ZDQW WR VHOHFW D FKDQQHO LQ WKH +<3(5%$1' FDEOH 79 ZLWK WKH GLUHFW FKDQQHO VHOHFWLRQ EXWWRQ SUHVV WKH GLUHFW FKDQQHO VHOHFWLRQ EXWWRQ WKHQ SURJUDPPH XS DQG GRZQ EXWWRQ k&l DQG k l DQG VHOHFW WKH QXPEHU ZLWK WKH QXPEHUHG EXWWRQV 5HFDOO EXWWRQ WR GLVSOD\ SURJUDPPH SRVLWLRQ FKDQQHO QXPEHU WLPH VRXQG VWHUHRPRQR00 WHOHWH[W VWDWLRQ QDPH &KDQQHO QXPEHU XS DQG GRZQ PHQX OLQH VHOHFWLRQ 7HOHWH[W SDJH VHOHFWLRQ 79$9 PRGH VHOHFWLRQ VHH SDJHV DQG  7KLV EXWWRQ LV XVHG WR VDYH DQG FRQILUP WKH VFUHHQ PHQX LQGLFDWLRQV 7ZR GLJLW WR  SURJUDPPH QXPEHU VHOHFWLRQ 7HOHWH[W RSHUDWLRQ EXWWRQV VHH SDJH  9&5 RSHUDWLRQ EXWWRQV VHH SDJH  0$, 1 0(18 )/2: &+$57 0DLQ 0HQX &RQWUDVW %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW 176& RQO\ 2II WLPHU 6RXQG 0HQX 6HWXS 0HQX 6RXQG 0HQX 9ROXPH %DVV 7UHEOH %DODQFH 03; 79 0RGH $, 6WHUHR 0RQR 0 0 0XVLF 6SHHFK 2II 2Q $XWR $872 3$/ 6(&$0 176& 0176& 2II 2Q $XWR VHWXS ZDUQLQJ 0DQXDO WXQLQJ 6& 6& 6ZDS $XWR 3$/ 6(&$0 2II 2Q 79 9&5 2II 2Q &RXQWU\ 3ROVND HVN 5HSXEOLND 0DJ\DURUV] J 2WKHU $XWR VHWXS VHDUFKLQJ 6HWXS 0HQX $VSHFW 2II &RORXU V\VWHP $9 9ROXPH FRUUHFWLRQ $9 4/LQN 7XQLQJ 0HQX 79 26' /DQJXDJH 26' /DQJXDJH (QJOLVK H WLQD 5RPDQD 7XQLQJ 0HQX 3ROVNL 0DJ\DU $73 5XVVNLM 0DQXDO WXQLQJ 6ORYHQVN\ 79 6\VWHP 1HPD NL )LQH WXQLQJ +UYDWVNL 6ZDS %XOJDULDQ &RORXU V\VWHP 79 6ORYHQVNR 'HFRGHU $9 4/LQN 9ROXPH FRUUHFWLRQ 79 &KLOG /RFN 21 6&5((1 0(18 , 1', &$7, 216 <RXU WHOHYLVLRQ VHW LV HTXLSSHG ZLWK D FRPSUHKHQVLYH PHQX V\VWHP WR EH XVHG IRU WXQLQJ DQG VHOHFWLRQ RI SDUDPHWHUV 3UHVV EXWWRQ k)l WR HQWHU WKH PHQX %XWWRQV WR EH XVHG WR PRYH DFURVV WKH PHQX DQG WR VHOHFW SDUDPHWHUV 6HOHFW $GMXVW 0HQX KHDGOLQH 6HOHFWHG OLQH 0DLQ 0HQX &RQWUDVW ([LW , QVWUXFWLRQV 3DUDPHWHU LQGLFDWLRQ 0HQX OLQH %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW 176& RQO\ 2II WLPHU 6RXQG 0HQX 6HWXS 0HQX 2II 3UHVV EXWWRQ k1l WR OHDYH WKH PHQX 6RPH SDUDPHWHUV VXFK DV &RQWUDVW %ULJKWQHVV &RORXU DQG 6KDUSQHVV PD\ EH LQFUHDVHG RU GHFUHDVHG DW \RXU ZLVK 6HOHFWHG OLQHV DOORZ WR VHOHFW FHUWDLQ IXQFWLRQV VXFK DV 2II 7LPHU 2WKHU VHOHFWHG OLQHV VXFK DV 6HWXS PHQX DOORZ \RX WR JR WR DQRWKHU PHQX %\ SUHVVLQJ EXWWRQ k)l \RX HLWKHU HQWHU WKH RQ VFUHHQ LQGLFDWLRQV PHQX RU JR EDFN WR DQRWKHU PHQX %\ SUHVVLQJ EXWWRQ k1l \RX FORVH HLWKHU WKH RQ VFUHHQ PHQX RU WKH VHOHFWHG SDUDPHWHU %XWWRQ k79$9l LV QRUPDOO\ XVHG WR FRQILUP WKH VHOHFWLRQ 0$, 1 0(18 7KLV VHFWLRQ VKRZV DPRQJ RWKHUV KRZ WR DGMXVW WKH SLFWXUH TXDOLW\ 3UHVV EXWWRQ k)l 6HOHFW WKH UHTXLUHG SDUDPHWHU 0DLQ 0HQX , QFUHDVH RU GHFUHDVH WKH OHYHO &RQWUDVW 6HOHFW $GMXVW ([LW 3UHVV EXWWRQ k1l WR OHDYH WKH PHQX %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW 176& RQO\ 2II WLPHU 6RXQG 0HQX 6HWXS 0HQX 2II &RQWUDVW %ULJKWQHVV &RORXU 6KDUSQHVV 7KH OHYHO RI FRQWUDVW EULJKWQHVV FRORXU DQG VKDUSQHVV PD\ EH DGMXVWHG VR DV WR PHHW WKH UHTXLUHPHQWV RI \RXU VLJKW <RX PD\ JR EDFN WR WKH OHYHO VHW E\ WKH PDQXIDFWXUHU DW DQ\ WLPH E\ SUHVVLQJ EXWWRQ k1l &RQWUDVW 7LQW 7KH OLQH k7LQWl ZLOO DSSHDU DV D PHQX OLQH RQO\ ZKHQ D 176& VLJQDO LV FRQQHFWHG WR WKH XQLW YLD WKH $9 LQSXW WKXV DOORZLQJ WKH WLQWV WR EH DGMXVWHG 6ZLWFKHV RII \RXU WHOHYLVLRQ DW WKH WLPH \RX VHW IURP WR PLQXWHV ZLWK PLQXWH LQWHUYDOV 7KH 6RXQG PHQX DOORZV \RX WR DGMXVW WKH VRXQG DV \RX ZLVK 7KH 6HWXS PHQX SURYLGHV DFFHVV WR YDULRXV DGYDQFHG IHDWXUHV DQG DOVR WR WKH 7XQLQJ PHQX 2II WLPHU 6RXQG PHQX 6HWXS PHQX 6281' 0(18 7KLV VHFWLRQ VKRZV KRZ WR DGMXVW WKH VRXQG DV \RX ZLVK 3UHVV EXWWRQ k)l 6HOHFW 6RXQG PHQX 6HOHFW $FFHVV (QWHU 6RXQG PHQX 0DLQ 0HQX ([LW 6HOHFW WKH UHTXLUHG SDUDPHWHU &RQWUDVW %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW 176& RQO\ 2II WLPHU 6RXQG 0HQX $GMXVW WKH OHYHO DQG FRQILUP WKH VHOHFWLRQ /HDYH WKH PHQX E\ SUHVVLQJ EXWWRQ k1l 6HWXS 0HQX $FFHVV 2II 6HOHFW $GMXVW 9ROXPH 3DUDPHWHU 9ROXPH DGMXVWV WKH OHYHO RI WKH LQSXW VRXQG 9ROXPH %DVV 6RXQG PHQX 5HWXUQ ([LW ORZHU %DVV 3DUDPHWHU %DVV DGMXVWVWKHP IUHTXHQFLHV WR HQKDQFH RU GLPLQLVK 7UHEOH IUHTXHQFLHV WR HQKDQFH RU GLPLQLVK WKHP %DODQFH %DODQFH DGMXVWV WKH VRXQG OHYHO EHWZHHQ WKH OHIW DQG ULJKW VSHDNHUV 7KH VRXQG PD\ EH DGMXVWHG WR WKH YLHZHUV VDWLVIDFWLRQ 03; LV VHW LQ SRVLWLRQ k6WHUHRl LQ FDVH RI VWHUHR WUDQVPLVVLRQ WKXV HQVXULQJ WKH EHVW VRXQG UHSURGXFWLRQ +RZHYHU LI WUDQVPLVVLRQ GHWHULRUDWHV \RX DUH UHFRPPHQGHG WR VZLWFK RYHU WR k0RQRl 0RQR 0 DQG 0 PD\ DOVR EH VHOHFWHG LI D ELOLQJXDO WUDQVPLVVLRQ LV EURDGFDVW E\ WKH VWDWLRQ 7KH VLJQDO LV DGMXVWHG DXWRPDWLFDOO\ 79 RQO\ 7KH VRXQG TXDOLW\ PD\ EH FKDQJHG E\ VHOHFWLQJ WKH 0XVLF RU 6SHHFK PRGHV 7KH $O GHYLFH DXWRPDWLFDOO\ DQDO\VHV WKH LQFRPLQJ VRXQG VLJQDO WR PXIIOH WKH QRLVH DQG JHW WKH EHVW VRXQG 3DUDPHWHU 7UHEOH DGMXVWV KLJKHU %DODQFH 03; 79 0RGH $, 7UHEOH 6WHUHR 0XVLF 2II 03; 0RGH $, 6(783 0(18 7KLV VHFWLRQ JLYHV DFFHVV WR RWKHU IXQFWLRQV DQG WKH VHWXS PHQX 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX 6HOHFW $FFHVV (QWHU 6HWXS PHQX 6HOHFW WKH UHTXLUHG SDUDPHWHU 0DLQ 0HQX ([LW $GMXVW WKH SDUDPHWHU &RQWUDVW %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW 176& RQO\ 2II WLPHU 6RXQG 0HQX 6HWXS 0HQX 2II $FFHVV /HDYH WKH PHQX E\ SUHVVLQJ EXWWRQ k1l 6HOHFW $GMXVW $VSHFW 7KH $VSHFW IXQFWLRQ ZLOO DOORZ \RX WR YLHZ ZLGH VFUHHQ SURJUDPV ZLWK WKH FRUUHFW VLGH GLPHQVLRQV  5HWXUQ ([LW 6HWXS 0HQX $VSHFW &RORXU V\VWHP 6HOHFWV WKH FRORXU GHFRGLQJ V\VWHP IRU WKH SURJUDPPH $9 RQO\ $OORZV WKH YROXPH WR EH VHW IRU GLIIHUHQW VRXQG OHYHOV $9 RQO\ &RORXU V\VWHP $9 9ROXPH &RUUHF $9 4/LQN 7XQLQJ 0HQX 79 26' /DQJXDJH $XWR 2II 9ROXPH FRUUHFWLRQ EURDGFDVWLQJ VWDWLRQV ZLWK GLIIHUHQW 4/LQN $OORZV GDWD WR EH WUDQVPLWWHG IURP \RXU WHOHYLVLRQ WR D FRPSDWLEOH 9&5 6HH SDJH 3URYLGHV DFFHVV WR PDQ\ IXQFWLRQV LQFOXGLQJ WKH $73 IXQFWLRQ ILQH WXQLQJ DQG YROXPH WXQLQJ 6HH SDJH $OORZV VHOHFWLRQ RI WKH ODQJXDJH WR EH XVHG LQ DOO WKH PHQXV 6HH SDJH 7XQLQJ 0HQX 26' /DQJXDJH 781, 1* 0(18 7KLV VHFWLRQ SURYLGHV DFFHVV WR WKH PDQXDO DQG DXWRPDWLF WXQLQJ PHQX 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 7XQLQJ PHQX 0DLQ 0HQX 6HOHFW $FFHVV ([LW (QWHU 7XQLQJ PHQX (QWHU WKH UHTXLUHG SDUDPHWHU $GMXVW WKH OHYHO &RQWUDVW %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW 176& RQO\ 2II WLPHU 6RXQG 0HQX 6HWXS 0HQX 2II $FFHVV 6HOHFW $FFHVV /HDYH WKH PHQX SUHVVLQJ E\ EXWWRQ k1l 5HWXUQ ([LW $73 0DQXDO WXQLQJ 79 6\VWHP )LQH WXQLQJ 6ZDS &RORXU V\VWHP 3URYLGHV WKH DXWRPDWLF SUH WXQLQJ RI WKH WHOHYLVLRQ 6HH SDJH $OORZV PDQXDO WXQLQJ RI WKH VHOHFWHG FKDQQHOV 6HH SDJH 6HOHFWV VRXQG VWDQGDUG 6HWXS 0HQX $VSHFW &RORXU V\VWHP $9 9ROXPH &RUUHF $9 4/LQN 7XQLQJ 0HQX $XWR $XWR $FFHVV $FFHVV 2II 26' /DQJXDJH 7KH EURDGFDVWLQJ VWDWLRQV PD\ EH ILQHO\ WXQHG WR ZLWK WKH )LQH WXQLQJ IXQFWLRQ 6ZDSV WKH SURJUDPPHV DV \RX SUHIHU 6HH SDJH 6HOHFWV WKH FRORXU GHFRGLQJ V\VWHP IRU WKH SURJUDPPH 79 RQO\ 7R EH XVHG ZKHQ WKH GHFRGHU LV FRQQHFWHG YLD $9 6HOHFW k2Ql LI WKH GHFRGHU LV WR SURFHVV WKH FRGHG VLJQDO 6HOHFW k2IIl ZKHQ ILQLVKHG 4 /LQN IXQFWLRQ LV XVHG WR GRZQORDG WKH GDWD WR D FRPSDWLEOH 9&5 6HH SDJH $OORZV WKH YROXPH WR EH VHW IRU GLIIHUHQW VRXQG OHYHOV 79 RQO\ &+ 7XQLQJ 0HQX 5HWXUQ 6HOHFW $FFHVV 6WRUH ([LW 'HFRGHU $9 4/LQN 0DQXDO WXQLQJ 79 6\VWHP )LQH WXQLQJ 6ZDS &RORXU V\VWHP 79 'HFRGHU $9 4/LQN 9ROXPH &RUUHF 79 &KLOG /RFN $73 $FFHVV 6& $XWR 2II 2II 9ROXPH FRUUHFWLRQ EURDGFDVWLQJ VWDWLRQV ZLWK GLIIHUHQW &KLOG /RFN /RFNV WKH SURJUDPPH SRVLWLRQ DJDLQVW XQGHVLUDEOH LQWUXVLRQ 781, 1* $8720$7, & 781, 1* 352&(66 $73 $XWRPDWLF WXQLQJ ZLOO DOORZ \RX WR WXQH \RXU WHOHYLVLRQ DXWRPDWLFDOO\ WR WKH ORFDO EURDGFDVWLQJ VWDWLRQV , W LV D FRQYHQLHQW IXQFWLRQ ZKHQ \RX PRYH \RXU 79 VHW WR DQRWKHU ORFDWLRQ 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 7XQLQJ PHQX &+ 7XQLQJ 0HQX 5HWXUQ 6HOHFW $FFHVV 6WRUH ([LW (QWHU 7XQLQJ PHQX 6HOHFW $73 6HOHFW $FFHVV 0DQXDO WXQLQJ 79 6\VWHP )LQH WXQLQJ 6ZDS &RORXU V\VWHP 79 'HFRGHU $9 4/LQN 9ROXPH &RUUHF 79 &KLOG /RFN $73 $FFHVV 6& $XWR 2II 2II 3UHVV WR VWDUW 6HOHFW \RXU FRXQWU\ $OO FXUUHQW WXQLQJ GDWD ZLOO EH HUDVHG 6WDUW $73 5HWXUQ ([LW :$51, 1* 3UHVV WR VWDUW WKH DXWRPDWLF WXQLQJ SURFHVV $73 7KH WHOHYLVLRQ ZLOO ILQG WXQH LQ WR DQG VRUW WKH ORFDO EURDGFDVWLQJ VWDWLRQV , I D FRPSDWLEOH 9&5 LV FRQQHFWHG YLD WKH $9 MDFN WKH SURJUDPPHG GDWD ZLOO EH WUDQVPLWWHG YLD WKH 4 /LQN WR WKH 9&5 VHH SDJH  &RXQWU\ 3ROVND HVN 5HSXEOLND 0DJ\DURUV] J 2WKHU 6HOHFW 5HWXUQ 6WDUW $73 ([LW $V VRRQ DV WKLV RSHUDWLRQ LV FRPSOHWHG SURJUDPPH SRVLWLRQ ZLOO EH GLVSOD\HG RQ WKH VFUHHQ 3UHVV EXWWRQ k)l WR LQWHUUXSW DQG k1l WR ILQLVK WKH $73 VHTXHQFH $73 , 1 352*5(66 &+ ) 5HWXUQ 1 ([LW 781, 1* 0$18$/ 781, 1* 7KH SURJUDPPH SRVLWLRQV PD\ EH WXQHG PDQXDOO\ HLWKHU ZLWK WKH RQ VFUHHQ PHQX RU ZLWK WKH EXWWRQV RQ WKH IURQW SDQHO 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 7XQLQJ PHQX (QWHU 7XQLQJ PHQX &+ 7XQLQJ 0HQX 0DQXDO WXQLQJ 5HWXUQ 6HOHFW $FFHVV 6WRUH ([LW $73 6HOHFW 0DQXDO WXQLQJ (QWHU 0DQXDO WXQLQJ 6HOHFW WKH SURJUDPPH SRVLWLRQ \RX QHHG 79 6\VWHP )LQH WXQLQJ 6ZDS &RORXU V\VWHP 79 'HFRGHU $9 4/LQN 9ROXPH &RUUHF 79 &KLOG /RFN 6& $FFHVV $XWR 2II 2II &+ 6WDUW WXQLQJ 5HWXUQ 3URJ 6HDUFK 6WRUH ([LW :KHQ WKH UHTXLUHG SURJUDPPH LV IRXQG VDYH LW E\ SUHVVLQJ HLWKHU EXWWRQ 79$9 RU 675 RQ WKH IURQW SDQHO 675 0DQXDO WXQLQJ /HDYH WKH PHQX E\ SUHVVLQJ EXWWRQ k1l 0DQXDO WXQLQJ IURQW SDQHO . HHS SUHVVLQJ EXWWRQ k)l XQWLO k0DQXDO WXQLQJl LV GLVSOD\HG %\ SUHVVLQJ EXWWRQV kl RU kl HQWHU k0DQXDO WXQLQJl %\ SUHVVLQJ EXWWRQ k79$9l PRYH EHWZHHQ k79 6\VWHPl k3URJl RU k6HDUFKl ) d b 79$9 %\ SUHVVLQJ EXWWRQV kl RU kl FKDQJH WKH SURJUDPPH SRVLWLRQ WR VWDUW WKH VHDUFK RU FKDQJH WKH 79 V\VWHP :KHQ WKH UHTXLUHG VWDWLRQ LV IRXQG SUHVV EXWWRQ k675l WR VDYH WKH FKDQJHV 7R WXQH LQ WR RWKHU SURJUDPPHV UHSHDW WKH DERYH SURFHGXUH RU ILQLVK WKH WXQLQJ E\ SUHVVLQJ EXWWRQ k)l d b 675 1RWHV , I \RX NQRZ WKH FKDQQHO QXPEHUV RI \RXU EURDGFDVWLQJ VWDWLRQV \RX PD\ XVH GLUHFW FKDQQHO VHOHFWLRQ E\ XVLQJ EXWWRQ k&l RQ WKH UHPRWH FRQWURO XQLW WR VDYH WKH FKDQQHOV TXLFNO\ HQWHU 0DQXDO PHQX SUH VHW WKH SURJUDPPH QXPEHU SUHVV EXWWRQ k&l VHW WKH FKDQQHO QXPEHU ZLWK WKH QXPEHUHG EXWWRQV VDYH ZLWK EXWWRQ 79$9 OHDYH WKH PHQX E\ SUHVVLQJ EXWWRQ k1l , I \RX ZDQW WR XVH GLUHFW FKDQQHO VHOHFWLRQ LQ WKH k+\SHUEDQGl FDEOH 79 SUHVV WKH GLUHFW FKDQQHO VHOHFWLRQ EXWWRQ DQG SURJUDPPH SRVLWLRQ EXWWRQ k&l DQG klk l RQH DIWHU WKH RWKHU DQG VHW WKH QXPEHU ZLWK WKH QXPEHUHG EXWWRQV k&+ l ZLOO ILUVW DSSHDU LQ WKH OHIW WRS FRUQHU RI WKH VFUHHQ DQG WKHQ k+ l )RU VDYLQJ VHH DERYH ) 6:$3 7KH 6ZDS RSWLRQ DOORZV \RX WR VZDS EHWZHHQ WZR SURJUDPPH SRVLWLRQV 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 7XQLQJ PHQX (QWHU 7XQLQJ PHQX 6ZDS 6HOHFW 6ZDS (QWHU 6ZDS 6HOHFW ILUVW SURJUDPPH SRVLWLRQ 5HWXUQ 6HOHFW $GMXVW 6ZDS ([LW 3URJ ZLWK 3URJ &+ &+ %%& , 79 6HOHFW VHFRQG SURJUDPPH SRVLWLRQ &RQILUP ZLWK EXWWRQ k79$9l /HDYH PHQX E\ SUHVVLQJ EXWWRQ k1l 26' /$1*8$*( :KHQ ILUVW VHWWLQJ XS \RXU WHOHYLVLRQ VHOHFW WKH 26' ODQJXDJH WR PDWFK \RXU FRXQWU\ VHOHFWLRQ , I \RX ZDQW WR XVH DQRWKHU ODQJXDJH \RX PD\ VHOHFW WKH ODQJXDJH IURP WKH ODQJXDJH PHQX 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX 6HOHFW 6HOHFW 5HWXUQ ([LW (QWHU 6HWXS PHQX 26' /DQJXDJH 6HOHFW 26' ODQJXDJH (QWHU 26' ODQJXDJH 6HOHFW WKH ODQJXDJH 6DYH DQG OHDYH WKH PHQX E\ SUHVVLQJ EXWWRQ k1l H WLQD 5RPDQD 3ROVNL (QJOLVK 0DJ\DU 5XVVNLM 6ORYHQVN\ 1HPD NL +UYDWVNNL %XOJDULDQ 6ORYHQVNR 4 /, 1. 7KH 4 /LQN IXQFWLRQ WUDQVPLWV WKH GDWD IURP WKH WHOHYLVLRQ WR WKH 9&5 3UHVV EXWWRQ k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 4/LQN 0DNH VXUH 4/LQN LV 2Q /HDYH WKH PHQX E\ SUHVVLQJ EXWWRQ k1l 7KH 9&5 PXVW EH FRQQHFWHG ZLWK D IXOO 6&$57 FDEOH WR WKH $9 MDFN DQG WKH DSSURSULDWH MDFN RQ WKH 9&5 6HH WKH 9&5 2SHUDWLRQ 0DQXDO IRU PRUH GHWDLOHG LQIRUPDWLRQ 7KH 4 /LQN 1(;79, (:/, 1. DQG RWKHU WHFKQLTXHV DOORZ WKH WHOHYLVLRQ WR WUDQVPLW WR D FRPSDWLEOH 9&5 WKH LQGLFDWLRQ RI WKH FXUUHQW SURJUDPPH LUUHVSHFWLYH RI ZKDW SURJUDPPH LV VHW RQ WKH 9&5 ZKLFK JUHDWO\ IDFLOLWDWHV WKH SURJUDPPH UHFRUGLQJ SURFHVV 5HWXUQ 6HOHFW $FFHVV ([LW 6HWXS 0HQX $VSHFW &RORXU V\VWHP $9 9ROXPH &RUUHF $9 4 /LQN $XWR $XWR $FFHVV 2Q 7XQLQJ 0HQX 26' /DQJXDJH 5HFRUGLQJ WKH FXUUHQWO\ YLHZHG SURJUDPPH 3UHVV k'LUHFW 79 5HFRUGl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k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 7XQLQJ PHQX (QWHU 7XQLQJ PHQX 79 o 9&5 'RZQORDG 3URJ 6HOHFW 4/LQN $FWLYDWH 4/LQN $9 6(/(&7, 21 $9 02'( F 7R VHOHFW WKH $9 PRGH SUHVV EXWWRQ l79$9l , I DQRWKHU UHFHLYHU LV FRQQHFWHG WR WKH $9 FRQQHFWRUV 9&5 VDWHOOLWH UHFHLYHU FDPHUD HWF VHH SDJH  DQG LI LW LV LQ RSHUDWLRQ LWV VLJQDO ZLOO EH GLVSOD\HG DQG $9 ZLOO DSSHDU LQ WKH WRS OHIW FRUQHU RI WKH 79 VFUHHQ UHJDUGOHVV RI WKH VHOHFWHG SURJUDPPH SRVLWLRQ 79 WXQHU LV LJQRUHG F 7KLV WHOHYLVLRQ PD\ DXWRPDWLFDOO\ VZLWFK RYHU WR WKH $9 PRGH LI WKH FRQQHFWHG GHYLFH VHQGV D VZLWFK VLJQDO WR WKH 6&$57 FDEOH FRQQHFWRU 7KH SLFWXUH UHFHLYHG ZLOO UHPDLQ WKH VDPH ZKHQ WKH 79 SURJUDPPH LV FKDQJHG F F F <RX PD\ VZLWFK EDFN WR WKH WHOHYLVLRQ E\ SUHVVLQJ EXWWRQ k79$9l RU E\ GLVFRQQHFWLQJ WKH $9 GHYLFH 7ZR $9 GHYLFHV PD\ QRW EH FRQQHFWHG WR WKH WHOHYLVLRQ VLPXOWDQHRXVO\ DV WKHLU VLJQDOV ZRXOG RYHUODS , I DQ 176& VLJQDO LV FRQQHFWHG YLD WKH $9 LQSXW WKH WHOHYLVLRQ ZLOO DXWRPDWLFDOO\ GHWHFW WKH VLJQDO DQG VZLWFK RYHU WR WKH 176& VWDQGDUG 7KH 0DLQ 0HQX 26' LQGLFDWLRQV ZLOO EH HQKDQFHG LQ WKH $9 PRGH DV DQRWKHU VHOHFWLRQ LV DGGHG 7LQW ZKLFK PD\ EH DGMXVWHG ZLWK EXWWRQV kl DQG kl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k)l LV SUHVVHG LQ WKH 7HOHWH[W PRGH WKH EOXH FRQWUDVW VFDOH ZLOO DSSHDU SUHVV EXWWRQV kl DQG kl WR FKDQJH WKH VHWWLQJV - :KHQ LQ 7HOHWH[W PRGH WKH YROXPH PD\ VWLOO EH DGMXVWHG E\ SUHVVLQJ EXWWRQV kl RU kl :KDW LV )/2) )$67(;7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 VL]H 3DJH 6HOHFWLRQ 3DJHV FDQ EH VHOHFWHG LQ WZR ZD\V D SUHVV WKH 8S'RZQ EXWWRQV WR LQFUHDVH RU GHFUHDVH WKH SDJH QXPEHU E\ RQH E HQWHU WKH SDJH QXPEHU XVLQJ RQ WKH UHPRWH FRQWURO XQLW 5HG*UHHQ<HOORZ%OXH %XWWRQV , Q WKH )$67(;7 PRGH WKHVH FRUUHVSRQG WR WKH GLIIHUHQWO\ FRORXUHG VXEMHFWV 1RUPDOLVDWLRQ 3UHVV EXWWRQ k1l WR UHWXUQ WR WKH 79 PRGH (;7(51$/ $8', 29, '(2 &211(&7, 21 5HDU $9 6&$57 SLQ FRQQHFWRU DQG IURQW 5&$ FRQQHFWRU $XGLRYLGHR $9 LQSXWV DUH GHVLJQHG WR FRQQHFW D 9&5 D VDWHOOLWH UHFHLYHU DQG RWKHU FRPSDWLEOH DXGLRYLGHR HTXLSPHQW 5HDU LQSXWRXWSXW RI $9 6&$57 FRQQHFWRU )URQW $9 SDQHO 6&$57 FDEOH $9 FRYHU 9 YLGHR LQSXW MDFN /5 DXGLR LQSXW MDFN 5&$ VWHUHR FDEOH 9&5 +HDG SKRQHV MDFN 5&$ YLGHR FDEOH 6$7(//, 7( 5(&, (9(5 9&5 &$0(5$ 9, '(2 &$0(5$ +HDGSKRQHV ZLWK PP PDOH MDFN 1 6&$57 FRQQHFWRU LQIRUPDWLRQ 3/$<67$7, 21 SLQ 6&$57 $9 FRQQHFWRU kJURXQGl FRPSRVLWH YLGHR VLJQDO RXWSXW FRPSRVLWH VLJQDO kJURXQGl 5 VLJQDO LQSXW 5 VLJQDO kJURXQGl * VLJQDO LQSXW * VLJQDO kJURXQGl % VLJQDO LQSXW % VLJQDO kJURXQGl VRXQG VLJQDO RXWSXW OHIW FKDQQHO VRXQG VLJQDO RXWSXW ULJKW FKDQQHO FRPSRVLWH YLGHR VLJQDO LQSXW 5*% VLJQDO lJURXQGl 5*% VLJQDO lJURXQGl 4/LQN VZLWFK VLJQDO IRU FRPSRVLWH YLGHR VLJQDO VRXQG VLJQDO LQSXW OHIW FKDQQHO VRXQG VLJQDOV lJURXQGl VRXQG VLJQDO LQSXW ULJKW FKDQQHO $9 LQSXWV LQFOXGLQJ 5*% UHGJUHHQEOXH 1RWHV 7KH HTXLSPHQW DQG FDEOHV VKRZQ DERYH DUH QRW VXSSOLHG ZLWK WKH WHOHYLVLRQ 'R QRW FRQQHFW FRPSXWHUV ZLWK 77/ 9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 79 VHW PRYHG ZKLOH 2Q WXUQ 79 VHW RII IRU PLQ &RORXUHG SDWFKHV 1RUPDO VRXQG 5HFHLYLQJ FRQGLWLRQV DUH EDG HJ DWPRVSKHULF FRQGLWLRQV 6ZLWFK 03; 6RXQG PHQX WR 0RQR DQG ZDLW IRU EHWWHU FRQGLWLRQV 1RUPDO SLFWXUH 1RLV\ VRXQG 86(5 , 1)250$7, 21 1 6HUYLFH %HIRUH UHTXHVWLQJ VHUYLFH ORRN WKURXJK WKH 7URXEOHVKRRWLQJ 7R REWDLQ VHUYLFH JHW LQ WRXFK ZLWK \RXU GHDOHU DQG WHOO WKHP \RXU WHOHYLVLRQ PRGHO W\SH DQG VHULDO QXPEHU WR EH IRXQG RQ WKH UHDU SDQHO 1 /DVW VHWWLQJV VDYHG 6RPH IXQFWLRQV DOORZ WKH ODVW VHWWLQJV WR VDYH LH WKH IROORZLQJ VHWWLQJV ZLOO EH DFWLYDWHG ZKHQ \RX WXUQ RQ WKH WHOHYLVLRQ DJDLQ 3URJUDPPH SRVLWLRQV 4/LQN 9ROXPH FRUUHFWLRQ $9 9ROXPH 6RXQG W\SH PXVLFVSHHFK %DVV 7UHEOH 6WDQGE\ PRGH &RXQWU\ 7LQW /DVW YLHZHG SURJUDPPH &RQWUDVW 6KDUSQHVV %ULJKWQHVV &RORXU /5 EDODQFH 6WDWXV 26' ODQJXDJH 1 79 JDPHV+RPH FRPSXWHUV )UHTXHQW XVH RI WKH JDPHV FRQVROH RU FRPSXWHU PD\ FDXVH kVKDGRZVl RQ WKH VFUHHQ 7KLV FDQ EH DYRLGHG LI \RX PHHW WKH IROORZLQJ UHTXLUHPHQWV F 5HGXFH EULJKWQHVV DQG FRQWUDVW WR PLQLPXP F 'R QRW XVH \RXU WHOHYLVLRQ FRQWLQXRXVO\ ZLWK WKH JDPH FRQVROH DQG FRPSXWHU F 5HPHPEHU WKDW WKLV W\SH RI VFUHHQ GDPDJH LV QRW DQ RSHUDWLRQ GHIHFW DQG LV QRW FRYHUHG E\ WKH 3DQDVRQLF ZDUUDQW\ 1 $XWRPDWLF VZLWFKRII 6OHHS )XQFWLRQ , I WKH WHOHYLVLRQ UHPDLQV VZLWFKHG RQ ZKHQ WKH VWDWLRQ HQGV WUDQVPLVVLRQ WKH WHOHYLVLRQ ZLOO DXWRPDWLFDOO\ EH SXW LQ VWDQGE\ PRGH DIWHU PLQXWHV 7KLV IXQFWLRQ GRHV QRW RSHUDWH LQ WKH $9 PRGH 63(&, ), &$7, 216 0RGHO 3RZHU VRXUFH 3RZHU FRQVXPSWLRQ 3RZHU XVHG LQ 6WDQGE\ PRGH 6FUHHQ FP GLDJRQDO 6RXQG PXVLF 'LPHQVLRQV :HLJKW + : ' 7;$33 7; $33% 9 +] $& SRZHU VRXUFH : : FP [ : 506 [ : 032 LPSHGDQFH : PP PP PP NJ 3$/ %* 3$/ 6(&$0 %* 9+) ( ( 9+) + + , 7$/< 9+) $ + , 7$/< 8+) ( ( &$79 6 6 &$79 6 6 0 0 &$79 6 6 +\SHUEDQG &$79 6 6 8 8 3$/ '. [. . . ] DQG RWKHU WHFKQLTXHV DOORZ WKH WHOHYLVLRQ WR WUDQVPLW WR D FRPSDWLEOH 9&5 WKH LQGLFDWLRQ RI WKH FXUUHQW SURJUDPPH LUUHVSHFWLYH RI ZKDW SURJUDPPH LV VHW RQ WKH 9&5 ZKLFK JUHDWO\ IDFLOLWDWHV WKH SURJUDPPH UHFRUGLQJ SURFHVV 5HWXUQ 6HOHFW $FFHVV ([LW 6HWXS 0HQX $VSHFW &RORXU V\VWHP $9 9ROXPH &RUUHF $9 4 /LQN $XWR $XWR $FFHVV 2Q 7XQLQJ 0HQX 26' /DQJXDJH 5HFRUGLQJ WKH FXUUHQWO\ YLHZHG SURJUDPPH 3UHVV k'LUHFW 79 5HFRUGl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k)l 6HOHFW 6HWXS PHQX (QWHU 6HWXS PHQX 6HOHFW 7XQLQJ PHQX (QWHU 7XQLQJ PHQX 79 o 9&5 'RZQORDG 3URJ 6HOHFW 4/LQN $FWLYDWH 4/LQN $9 6(/(&7, 21 $9 02'( F 7R VHOHFW WKH $9 PRGH SUHVV EXWWRQ l79$9l , I DQRWKHU UHFHLYHU LV FRQQHFWHG WR WKH $9 FRQQHFWRUV 9&5 VDWHOOLWH UHFHLYHU FDPHUD HWF VHH SDJH  DQG LI LW LV LQ RSHUDWLRQ LWV VLJQDO ZLOO EH GLVSOD\HG DQG $9 ZLOO DSSHDU LQ WKH WRS OHIW FRUQHU RI WKH 79 VFUHHQ UHJDUGOHVV RI WKH VHOHFWHG SURJUDPPH SRVLWLRQ 79 WXQHU LV LJQRUHG F 7KLV WHOHYLVLRQ PD\ DXWRPDWLFDOO\ VZLWFK RYHU WR WKH $9 PRGH LI WKH FRQQHFWHG GHYLFH VHQGV D VZLWFK VLJQDO WR WKH 6&$57 FDEOH FRQQHFWRU 7KH SLFWXUH UHFHLYHG ZLOO UHPDLQ WKH VDPH ZKHQ WKH 79 SURJUDPPH LV FKDQJHG F F F <RX PD\ VZLWFK EDFN WR WKH WHOHYLVLRQ E\ SUHVVLQJ EXWWRQ k79$9l RU E\ GLVFRQQHFWLQJ WKH $9 GHYLFH 7ZR $9 GHYLFHV PD\ QRW EH FRQQHFWHG WR WKH WHOHYLVLRQ VLPXOWDQHRXVO\ DV WKHLU VLJQDOV ZRXOG RYHUODS , I DQ 176& VLJQDO LV FRQQHFWHG YLD WKH $9 LQSXW WKH WHOHYLVLRQ ZLOO DXWRPDWLFDOO\ GHWHFW WKH VLJQDO DQG VZLWFK RYHU WR WKH 176& VWDQGDUG 7KH 0DLQ 0HQX 26' LQGLFDWLRQV ZLOO EH HQKDQFHG LQ WKH $9 PRGH DV DQRWKHU VHOHFWLRQ LV DGGHG 7LQW ZKLFK PD\ EH DGMXVWHG ZLWK EXWWRQV kl DQG kl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k)l LV SUHVVHG LQ WKH 7HOHWH[W PRGH WKH EOXH FRQWUDVW VFDOH ZLOO DSSHDU SUHVV EXWWRQV kl DQG kl WR FKDQJH WKH VHWWLQJV - :KHQ LQ 7HOHWH[W PRGH WKH YROXPH PD\ VWLOO EH DGMXVWHG E\ SUHVVLQJ EXWWRQV kl RU kl :KDW LV )/2) )$67(;7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 VL]H 3DJH 6HOHFWLRQ 3DJHV FDQ EH VHOHFWHG LQ WZR ZD\V D SUHVV WKH 8S'RZQ EXWWRQV WR LQFUHDVH RU GHFUHDVH WKH SDJH QXPEHU E\ RQH E HQWHU WKH SDJH QXPEHU XVLQJ RQ WKH UHPRWH FRQWURO XQLW 5HG*UHHQ<HOORZ%OXH %XWWRQV , Q WKH )$67(;7 PRGH WKHVH FRUUHVSRQG WR WKH GLIIHUHQWO\ FRORXUHG VXEMHFWV 1RUPDOLVDWLRQ 3UHVV EXWWRQ k1l WR UHWXUQ WR WKH 79 PRGH (;7(51$/ $8', 29, '(2 &211(&7, 21 5HDU $9 6&$57 SLQ FRQQHFWRU DQG IURQW 5&$ FRQQHFWRU $XGLRYLGHR $9 LQSXWV DUH GHVLJQHG WR FRQQHFW D 9&5 D VDWHOOLWH UHFHLYHU DQG RWKHU FRPSDWLEOH DXGLRYLGHR HTXLSPHQW 5HDU LQSXWRXWSXW RI $9 6&$57 FRQQHFWRU )URQW $9 SDQHO 6&$57 FDEOH $9 FRYHU 9 YLGHR LQSXW MDFN /5 DXGLR LQSXW MDFN 5&$ VWHUHR FDEOH 9&5 +HDG SKRQHV MDFN 5&$ YLGHR FDEOH 6$7(//, 7( 5(&, (9(5 9&5 &$0(5$ 9, '(2 &$0(5$ +HDGSKRQHV ZLWK PP PDOH MDFN 1 6&$57 FRQQHFWRU LQIRUPDWLRQ 3/$<67$7, 21 SLQ 6&$57 $9 FRQQHFWRU kJURXQGl FRPSRVLWH YLGHR VLJQDO RXWSXW FRPSRVLWH VLJQDO kJURXQGl 5 VLJQDO LQSXW 5 VLJQDO kJURXQGl * VLJQDO LQSXW * VLJQDO kJURXQGl % VLJQDO LQSXW % VLJQDO kJURXQGl VRXQG VLJQDO RXWSXW OHIW FKDQQHO VRXQG VLJQDO RXWSXW ULJKW FKDQQHO FRPSRVLWH YLGHR VLJQDO LQSXW 5*% VLJQDO lJURXQGl 5*% VLJQDO lJURXQGl 4/LQN VZLWFK VLJQDO IRU FRPSRVLWH YLGHR VLJQDO VRXQG VLJQDO LQSXW OHIW FKDQQHO VRXQG VLJQDOV lJURXQGl VRXQG VLJQDO LQSXW ULJKW FKDQQHO $9 LQSXWV LQFOXGLQJ 5*% UHGJUHHQEOXH 1RWHV 7KH HTXLSPHQW DQG FDEOHV VKRZQ DERYH DUH QRW VXSSOLHG ZLWK WKH WHOHYLVLRQ 'R QRW FRQQHFW FRPSXWHUV ZLWK 77/ 9 RXWSXW WR WKLV WHOHYLVLRQ :KHQ WKH KHDGSKRQHV DUH FRQQHFWHG WKH VSHDNHUV ZLOO EH DXWRPDWLFDOO\ GLVFRQQHFWHG 'R QRW FRQQHFW $9 LQSXWV RQ WKH IURQW DQG UHDU SDQHOV VLPXOWDQHRXVO\ DV WKH VRXQG DQG YLGHR VLJQDOV ZLOO RYHUODS 7528%/(6+227, 1* 6\PSWRPV 3LFWXUH 6RXQG &KHFN $HULDO ORFDWLRQ GLUHFWLRQ RU FRQQHFWLRQ 6QRZ\ SLFWXUH 1RLV\ VRXQG $HULDO ORFDWLRQ GLUHFWLRQ RU FRQQHFWLRQ 0XOWLSOH LPDJHV 1RUPDO VRXQG HOHFWULFDO DSSOLDQFHV FDUVPRWRUF\FOHV IOXRUHVFHQW OLJKWV , QWHUIHUHQFH 1RLV\ VRXQG 9ROXPH OHYHO FKHFN ZKHWKHU WKH PXWH IXQFWLRQ KDV EHHQ DFWLYDWHG RQ 5HPRWH &RQWURO DQG YROXPH LV VHOHFWHG FRUUHFWO\ LQ 7XQLQJ 0HQX 1RUPDO SLFWXUH 1R VRXQG &KHFN , I $9 PRGH LV DFWLYDWHG LI SOXJJHG LQWR $& RXWOHW LI VZLWFKHG RQ SLFWXUHYROXPH VHWWLQJV LI LQ VWDQGE\ PRGH 1R SLFWXUH 1RLV\ VRXQG &RORXU FRQWURO 1R FRORXU 1RUPDO VRXQG 5HWXQH FKDQQHOV 6FUDPEOHG 1RUPDO RU ZHDN VRXQG 0DJQHWLF LQWHUIHUHQFH HJ ORXGVSHDNHU UHPRYH 79 VHW PRYHG ZKLOH 2Q WXUQ 79 VHW RII IRU PLQ &RORXUHG SDWFKHV 1RUPDO VRXQG 5HFHLYLQJ FRQGLWLRQV DUH EDG HJ DWPRVSKHULF FRQGLWLRQV 6ZLWFK 03; 6RXQG PHQX WR 0RQR DQG ZDLW IRU EHWWHU FRQGLWLRQV 1RUPDO SLFWXUH 1RLV\ VRXQG 86(5 , 1)250$7, 21 1 6HUYLFH %HIRUH UHTXHVWLQJ VHUYLFH ORRN WKURXJK WKH 7URXEOHVKRRWLQJ 7R REWDLQ VHUYLFH JHW LQ WRXFK ZLWK \RXU GHDOHU DQG WHOO WKHP \RXU WHOHYLVLRQ PRGHO W\SH DQG VHULDO QXPEHU WR EH IRXQG RQ WKH UHDU SDQHO 1 /DVW VHWWLQJV VDYHG 6RPH IXQFWLRQV DOORZ WKH ODVW VHWWLQJV WR VDYH LH WKH IROORZLQJ VHWWLQJV ZLOO EH DFWLYDWHG ZKHQ \RX WXUQ RQ WKH WHOHYLVLRQ DJDLQ 3URJUDPPH SRVLWLRQV 4/LQN 9ROXPH FRUUHFWLRQ $9 9ROXPH 6RXQG W\SH PXVLFVSHHFK %DVV 7UHEOH 6WDQGE\ PRGH &RXQWU\ 7LQW /DVW YLHZHG SURJUDPPH &RQWUDVW 6KDUSQHVV %ULJKWQHVV &RORXU /5 EDODQFH 6WDWXV 26' ODQJXDJH 1 79 JDPHV+RPH FRPSXWHUV )UHTXHQW XVH RI WKH JDPHV FRQVROH RU FRPSXWHU PD\ FDXVH kVKDGRZVl RQ WKH VFUHHQ 7KLV FDQ EH DYRLGHG LI \RX PHHW WKH IROORZLQJ UHTXLUHPHQWV F 5HGXFH EULJKWQHVV DQG FRQWUDVW WR PLQLPXP F 'R QRW XVH \RXU WHOHYLVLRQ FRQWLQXRXVO\ ZLWK WKH JDPH FRQVROH DQG FRPSXWHU F 5HPHPEHU WKDW WKLV W\SH RI VFUHHQ GDPDJH LV QRW DQ RSHUDWLRQ GHIHFW DQG LV QRW FRYHUHG E\ WKH 3DQDVRQLF ZDUUDQW\ 1 $XWRPDWLF VZLWFKRII 6OHHS )XQFWLRQ , I WKH WHOHYLVLRQ UHPDLQV VZLWFKHG RQ ZKHQ WKH VWDWLRQ HQGV WUDQVPLVVLRQ WKH WHOHYLVLRQ ZLOO DXWRPDWLFDOO\ EH SXW LQ VWDQGE\ PRGH DIWHU PLQXWHV 7KLV IXQFWLRQ GRHV QRW RSHUDWH LQ WKH $9 PRGH 63(&, ), &$7, 216 0RGHO 3RZHU VRXUFH 3RZHU FRQVXPSWLRQ 3RZHU XVHG LQ 6WDQGE\ PRGH 6FUHHQ FP GLDJRQDO 6RXQG PXVLF 'LPHQVLRQV :HLJKW + : ' 7;$33 7; $33% 9 +] $& SRZHU VRXUFH : : FP [ : 506 [ : 032 LPSHGDQFH : PP PP PP NJ 3$/ %* 3$/ 6(&$0 %* 9+) ( ( 9+) + + , 7$/< 9+) $ + , 7$/< 8+) ( ( &$79 6 6 &$79 6 6 0 0 &$79 6 6 +\SHUEDQG &$79 6 6 8 8 3$/ '. [. . . ]