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ᒻᣅቲዲᑻ
(ᅳ)

ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ
ᎄፅᎼᑢቨ
 ᢝ ᑩᎻኤᑢቨ
ᣥᘭ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

: ᣢᎳ ᏋፅᎻኤᑢቨ

ጕᓗዟᓗᑢᓀዟቲዲᑢቨ
ᒃᎤᒙᑻᏳᓗ። Ᏻᓗ፭ᑢቨቺቲᑿ። ᓀᘭᒐᓗᒐቲᏽᑢቨᑛቲᜓ፣ᕕቨ
ᑛᓆቨጤኤᑩᑢ ᑰᗫᖔᑿ኏ᑰᓹቨጤᗷ ᡧ ᢕ ቺቲ᛿ᣄᑩᑢᡫ
ቺቲᗷቲኤኤᜧᕕቨᓆᣠᓆᕓቨ
ᢝ ᡫ ቺቨᣂᑿᑻᓆ
ᓆቦ ᓀᗫᖔᒐቲእᑢቨᏳᓗ፭ᑢቨ" ቺቲ᛿ᣄᑢቨ ᡫ
ᓀᑿᒯቲ፭ᑿᑢቨቺቲ᛿ᣄᑢቨ
"ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᓀᎉጳᓗ኎
ᓀᘭᒐᓗᒐቲᏽᑢቨᑛቲᜓ፣ᕕቨ
ቺቲ᛿ᣄᑩ ᡫ ᑢ

ቺቲ᛿ᣄᑢቨቺቨ ᡧᢕ
ᣂᑿᑻᓆ
ᓀᑿᒯቲ፭ᑿᑢቨ

4
ᒿᓅቲᏸጤᎉቦᓆᏩᗫᣃᓀᎏᏸ ᡫ

" ᓭጳቲᑿእᙬ።ቨᎫᓆᣄᑻᔹቲ፮ᙏቧᒻፅᐯᏕ "
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ
ᒻᣅቲዲᑻ
(ᅳ)

ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)
ᡫ ᑛቲᑻፗቦጳ
ᓀᘭᒙዟ ᅳᅽᅲᅲᅲᅽᅲᅲᅲᎫᓆᣄᑿᑢቨ
ᓀᑿᒯቲ፭ᑻ ᓀᐛᣃᡫ ᒢᑻቲ᎐኏ᓀᐛᣃᡫ ᓀᘌጕፅᏕᒻተ፮ ᑻ

ᑛቲᑿᎳᕓቨቺቲᑿᎤᒙᑻᑛቲᜓ፣ቦ/Ꭻቨᓗᒐቦ
Mona
Timo 4%
Saly 4%
5%
Adel
6% Kimo
24%

Kimo
10% Shreif
Shreif
51%
52%
Farida
24%

Farida
20%
Shreif
100%

ᒃᒳ። 100000 X10 LE 520000+240000+240000 1.000.000


ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᓀᑿᒯቲ፭ᑿᑢቨቺቲ᛿ᣄᑢቨ
ᑰᎏᏕᓀᘭᒐቲᜓᑻቧ ᓀᗫጳቨፅᑿኤ።ቨ
ᒢᎳᓀᘭ᜻ᑩᑿᑢቨ ᎛ቲ፮ ᑢቨ
ᒻጳቨጕᕔቨ

ᡫ ቺቨᣂᑿᑻ
Ꮓᅱᅱ ᅱᗫጴᓗ኏ ᓀᘭᑢᓗᔊ፭ᑻ

ᡧᢕ
ፅ᎟ቲዳᑿᑩᑢ ᒻጕᓆጤዲᑻ
ᑰᏽᒐᓀᑢᓗᒳ።
ᓀᘭ᜻ᑩᑿᑢቨ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᡧ ᢕ
ᣌᎻᘌ ኸᏸቨፅᑻ

ᓀᑿᒯቲ፭ᑿᑢቨᓀᐛᣄᑢቨᏋቨ
ᒃᒯቲ፭ᑿᑢቨ ቺቲᗷቲ፭ዲᑢቨ
ᢝ ᢔ
ᣐጳቲዳᑢቨ

ᒃᒳᒙᚏ኎ቺቲᏸᕙᎻᑢቨᓆ
ᔹቨጕቦኸᏸቨፅᓾнጳቲኤዳᘌ ᔹቨጕቦᒃᘭᏽᘌ


፸ᑩዱᑻ

ፅ ᎟ቦ
ᒢᗫᖁᓾጤᑿᑢቨ
ᒻጳቨጕᕔቨ ᡧ ᢕ
ᣌᎻᘌ ᡧ ᢕ ᓾጥᘭᏟᒙኤᑢቨ

ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ቺቲ᛿ᣄᑢቲᗷ
ᡧ ᡫ
ᓀᘭ᜻ᑩᑿᑢቨᏳᓗᏽዠ ጳቨፅᏽᑢቨ጖ቲዳ኏ቨᣚᓀᐛ
ᢝ ጳቲ፮ᑿᑢቨ ᓀᐛᣄᑢቨᔹቨጕቦᓀᘘᏸቨ
ፅᑻ

ᡫ ᒃᒯቲ፭ᑿᑢቨ Ᏻᓗᏽዠ
ᓀᑿᒯቲ፭ᑿᑢቨ
ᡧ ቺቲᑻᓗᑩᎻᑿᑢቨᣢᎳᎫᕙ᎟ᕕቨ
ዎቲᗖጳᕓቨᒢᑻኸᛳᎏᒐ ᓀᑻቲᎻᑢቨቺቲᘭᎻᑿዱᑢቨᣚኹᗫᖔᎏኤᑢቨ


ᓀᑢቲዠᣚᓀᎏዠ
ᢝ ᒻጳቨጕᕔቨ፸ᑩዱᑻᔹቲ᎐Ꮃቦᓀᘘ።ቲዲᑻ
ᒻጳቨጕᕔቨ፸ᑩዱᑻᔹቲ᎐Ꮃቦጳቲᘭኤዡቨ
ᓀᘭᏟᎏኤᑢቨ
ᑰᗫᖔᑿ኏ᑰᓹቨጤᗷ
ቺቲ᛿ᣄᑢቨᡫ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᑰᗫᖔᑿ኏ ᣠቧᓀዟቲዲᑢቨᓆ᎛ቲ፮ ᑢቨ Ꮓᔏ።ᓗ኏

ᣞᒙ኎ᎄፅᏸ

ᓀᗫᓆቲ፭ᙬᑻᓀᗫጳᓆጕቺቲᎻᏕጕᣢᎳ
ᢝ ጕቨጤ። ͻ ቺቨᓗᒙ። ᅷᒻጤᑿᑢ

ጕ ቨጤ።ᓆᓀᗫᓆቲ፭ᙬᑻᓀᗫጳᓆጕጤᓹቨᓗᏕᏃᏕጕ ͻ
ᡧ ቺቨᓗᒙ። ᅷቺቨጤᒙ።
ᒻጤᑿᑢቨᓀᘌቲᒳᒐᣚጤᒙ፭ᑢቨᑰᎉቦ

Ᏻᓗ፭ᑢቨᑛᕙዡᒢᑻᒻጤᘌጤዟᒃᒳ።ቦጳቨጤᎉቧ ͻ
ᑛቲᑿᑢቨፗቦጳᒻጕቲᗫጴ
ᢝ
ᣠᓆᕕቨ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

 ᣘᓗᒐ ᡧ
ᅳᅲᅲᅲᎄፅᏸ ᢝ ᡨ ᣌ኎ᢕ ᓀᒐጳቲᏽᑻ
ᒷᘭᒙዟ ᎄቨᣂᏸᕕቲᗷ ᑰᗫᖔᑿኤᑢቨ
300 300
10% ͻ 10% ͻ 10% ͻ
ᣠᓆᕕቨᓀᎻᏕጤᑢቨ
ᢝ ͻ 10% ͻ
ᓀᘭᒐቲእᑢቨᓀᎻᏕጤᑢቨ ͻ
ᓀእᑢቲእᑢቨᓀᎻᏕጤᑢቨ ͻ 10% ͻ
ᓀᎻᗷቨፅᑢቨᓀᎻᏕጤᑢቨ ͻ
ᓀ፭ᑻቲዳᑢቨᓀᎻᏕጤᑢቨ ͻ ᣞᒙኣᑢቨᎄፅᏽᑢቨ

ᅴᅲᅲнᅳᅲᅲ ᅴᅲᅲнᅳᅲᅲ ᅴᅲᅲнᅳᅲᅲ

VS
˺˹˹˹Ωϧγ
ϪϳϧΟ 100 100
10% ͻ
10% ͻ 10% ͻ ᓀ፭ᑻቲዳᑢቨᓀᎻᏕጤᑢቨ ͻ
ᢝ
ᣠᓆᕕቨᓀᎻᏕጤᑢቨ ͻ 10% ͻ
ᓀᘭᒐቲእᑢቨᓀᎻᏕጤᑢቨ ͻ
ᓀእᑢቲእᑢቨᓀᎻᏕጤᑢቨ ͻ 10% ͻ
ᓀᎻᗷቨፅᑢቨᓀᎻᏕጤᑢቨ ͻ Ꮔᑩᘘᑿᑢቨᑰᎉቨ ͻ (ቺቨጤᒙ፭ᑢቨ)ᒢᓾጤᑢቨቺቨᓆጕቦ
100 100 1100
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ጤᒙ፭ᑢቨ ᑰᑻቲዠ Ᏻᓗᏽዠ


ᣠቲᑻᐂዠ
ᢝ ᣚፅᎻᑻᐂዠ


(ᓀᐛᣄᑢቨᣢᎳᓀᗫᖔᑢᓆቦᓆ጖ᣠቲᑻᑷቨ ᡧᡨ )
ᣂᑢቨ ᡫ
(ᓀᐛᣄᑢቨᔹቨጕቦᓀᎻᗷቲኤᑻ)

(ᒻጤᓹቲᏕ)ቲᒳᔏᑩᎳᐂᏟኤᑻᓀᘘ፭ᙏ ቺቲᑻᓗᑩᎻᑿᑢቨᣢᎳᎫᕙ᎟ᕕቨ
(ᓀዲᑩᎏᑿᑢቨቹቲዲᎉቦጤዠተ᛿)

Ꮔᑩᘘᑿᑢቨᑰᎉቦጕቨጕᣂ።ቨ ᡧ
ቺቨጤᒙ፭ᑢቨᓀᑩᑿዠᓀᎳቲᑿዟᣚᒿጕᓗዟᓆ

ᡧ ᡧ
ᡨ ᣚᒃᒯቲ፭ᑿᑢቨᒢᎳᓀᗫᖔᑢᓆቦ ᡫ
ᓀᐛᣄᑢቨᏃᑻᎄᓆቲᏟኤᑩᑢ
ᓀᘭᏟᎏኤᑢቨᓀᑢቲዠᣚᒷᑢቨᓗᑻቦጕቨጕ
ᢝ ᣂ።ቨ ᢝ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᓀᑿᒯቲ፭ᑻ ᓀᐛᣃᡫ ᡫ ᡫ
ᓀᐛᣄᡫ ᑢቨᑛቲᑻፗቦጳᒻጕቲᗫጴᒿᓅቲ᛿ᣃᓆᏩᗫ
ᣃጳፅᏽᘌ •
ቹቲኤኤᜧᕙᑢቲᒳዠፅ᎟ᓆᒻጤᘌጤዟᒃᒳ።ቦጳቨጤᎉឝ኎ ᑛቲᑻፗቦጳ ᒻጕቲᗫጴ
ᡧ ᡫ ዎᖁ᎟ᐂᗫᖁ᎟ᒢᎳ
New
33%
Shreif ᑰᗫᖔᑿ኏ᣚᒇᓗᑿᒯቲ፭ᛒጕጤዟᔹቲ᛿
ᢝ ᣃቹጥዱᑢ
34%

.ቹᓗᑩᎣᑿᑢቨᏃ።ᓗኤᑢቨ
ᒻጤᘌጤዟ ᒃᒳ።ቦ
ᓀᘭ᜻ᑩᑻᓀᘘ፭ᙏᎄቲᏟዳᒐቨᑃᑢ጖ᒢᎳጃኤᒙᚏ።ᓆ •
ᒻጤᎳቲᏸᏃᔏ።ᓗ኏ "
Mona

ᐇᕙᑻᑛᓗዡጕᏃᑻᅩᓀᐛᣄᑢቲᗷᒷᓹᕙᑻጴᓆᏩᗫ ᣃᡫ ᑰᗫᖔᑿኤᑢᓀᘭ᜻ᑩᑿᑢቨ
3%Timo

3%Saly
3% Adel
Farida .ዎᖁᎣᑢቨᑛᕙዡᒢᑻጕጤዟ " ᎛ቲ፮ ᑢቨ ᣚᏃ።ᓗኤᑢቨ

13%
4% Kimo
7%
.ᣠᓆᕓቨᏳᓗ፭ᑢቨ
ᢝ ᐂᗫᖁ᎟ᒢᎳᑃᑢ጖ᒃኤᓾᏋᓗ።ᓆ •
Ᏻᓗ፭ᑢቨቺቲᑿ።
ᣠᓆᕓቨ

ቺቲᗷቲኤኤᜧᕕቨᓆ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᡫ ᠍
ᓀᐛᣃ፸ᛳ።ተ኏ᎄፅᎼᗷᣠᓆᕓቨᒻፅᑿᑩᑢᒻጤᘌጤዟᓀᘭᑢቲᑻቲᏸቨጳᓆቦᒷᘭᏕጳጤᎏ኏ᓭጥᑢቨᏳᓗ፭ᑢቨᓗᒯ

.ᓀᑿᓹቲᏸᓀᐛᣃᑛቲᑻፗቦ ጳᒻጕቲᗫጴᓆቦᅩᒻጤᘌጤዟ

ጕጤዲᑻፅᎻ፭ᚽጥᘭᏟᒙኤᑢቨ
᠍ ፸ᛳ።ተኤᑩᑢᏃᔏኣᑢቨᓀᑩᘭᎏዠ ᡫ ᡫ Ᏻቨᓗ።ᕓቨᏩᗫᖁᎻ኏

ቲᏽᘘ፭ᑻ ᓀᐛᣄᑢቨᒢᑻᔹቨᣄᑢቨᒃኤᓾ
ቺቲᎻ።ᓗኤᑢቨᑰᗫᖔᑿኤᑢᓆቦ
ቲᒳ኏ቨ጖ᒻጳጤᎏᑿᑢቨ Ᏻᓗ።ᓆቦᓀᘭᑢᓆᕓቨ

ᓀᐛᣄᑢቲᗷ
(ቹቲኤኤᜧᕕቨፅᎻ።) ጳቨጤᎉᕔቨ
(Primary Market)
ᎃቲዳᑢቨቹቲኤኤᜧᕕቨ ᑷቲᎻᑢቨቹቲኤኤᜧᕕቨ ቹቲኤኤᜧᕕቨፅᎻ።ጕጤዲኤᓾ

ᓀᑿᘭᏽᑢቨᓀ።ቨጳጕᣢᎳᔹቲᒙ኎
ᒢᑻᒻጕጤዲᑻᓀᎳᓗᑿዱᑿᑢ) ጕጤዲᑻᣂᎴጳᓗᒳᑿዱᑢ
ᢕ᠍ ) ᓀᑿᘭᏽᑢቨᓆቦᓀᑢጕቲᎻᑢቨ
(ᒢᗫᖁᑿእᙬ፭ᑿᑢቨ (ቲᏟᑩ።
 ᓀᘭᑿ።ᕔቨ
ᓀዟቲዲᑢቨ
Ᏻᓗ።ጕᓗዟᓗᑢ
ᑛᓆቨጤኤᑩᑢᒃᎤᒙᑻ
ᓀᎉጳᓗ኎ᓆቦ ᓀᗫᖔᒐቲእᑢቨᏳᓗ፭ᑢቨ"
"ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨ

ᒃᒳኤᐛᣃዎᖁ᎟ᒷᓹቲᏸጤᎉቦᓆᏩᗫᣃᡫ ጳቨፅ ᏸ
ᓀᎉጳᓗኣᑢቲᗷ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ
ᒻᣅቲዲᑻ
(ᅳ)

ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᅰᣠᓆᕕቨᏳᓗ፭ᑢቨ
ᢝ ᣚቹቲኤኤᜧᕕቨጤᎻᗷቨ጖ቲᑻ

ᡧ ᢕ
ውጳቲዳኤᑢቨᣌᑿᒯቲ፭ᑿᑢቨጤዠቦጳፅᏸᓆቦ

!!ᓀᑿᒯቲ፭ᑿᑢቨᓀᐛᣄᑢቨᒢᑻ
ᒢᗫᖁ ᑿእᙬ፭ᑿᑢቨጤዠቦጳፅᏸቨ጖ቧ
ጤ ᘌጤዟᒃᒯቲ፭ᑿ᛿ᑛᓗዡጤᑢቨ

!!ᓀᐛᣄᑢቲᗷ ᣠቧᓀዟቲዲᑢቨ
ᒃᒳ፭ᑢቨᑛᓆቨጤ኏
ΝϭέΧ ϝϭΧΩ ቹቲኤኤᜧᕕቨ ጤᎻᗷ

ᒃᘌጤᏸ ᒃᒯቲ፭ᑻውጳቲዳ኏

Ᏻᓗᏽዠᒇቲᑿᎊ ጤᘌጤዟᒃᒯቲ፭ᑻᑛᓗዡጕ
ᡧ ᢕ
ጤᎻᗖᓆᔹቲᒙነቦᣌᏕፅᎣᑢቨ ውᓆፅዳᑢቨᓆᑛᓗዡጤᑢቨᓀᑢᓗᒳ።
ᒃᒳ፭ᑩᑢፅዠᣂᎻ፭ᘻ
ᢕ ᓀᗫᖔ፭ᙬᑢቨᒇቲᑿᎊᓆ
ጥᘭᏟᒙኤᑢቨ

(ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᓀᎉጳᓗ኎Ϳ͘͘ᑛᓆቨጤኤᑩᑢᏳᓗ።ጕᓗዟᓆᣠቧᓀዟቲዲᑢቨቺተ፮ᙏቲᒙᒯ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

:ᓀᑻቲᎻᑢቨ ᣦቲᏽᑿᑢቲᗷ
ᢝ ᡨ
ᒢᗫᣂ፮ᑿᑢቨᓆ ᡧ ᢕ
ᣌᎻᓹቲᘘᑢቨ ᡧ ᢕ ᒃᒳ።ᕓቨ ᑛᓆቨጤ኏ ቦጤᗷ •
ᣌ኎
ᡧ ᢕ ᓀᘭᏸጳᓗᑢቨᓆ ᓀᘌጤᏽᒙᑢቨ Ᏻᓗᏽዲᑢቨ ᑛጕቲᘘ኏ᓆ ቺᕙᑻቲᎻኤᑢቨ ᓀᑻᕙ፭ᑢ ቺቲᒐቲᑿᎊ ᓆ ቦ ጕ ጤዲᑻ ᑷቲᎤᒐ ᐇቲᒙᒯ ᒢᐯ኏ ᒃᑢ
ᣌ኎

.ፅዡᕒቨ ᏋፅᎣᑢቨ ᒢᑻ ኸᎏᒙᑢቨ ᓆ ቦ Ꭻቨጤዳᑩᑢ ቲᑿᒯጤዠቦ ᎄፅᎻ኏ ᒢᑻ ᓭᣂ፮ᑿᑢቨᓆ Ꮓᓹቲᘘᑢቨ
ᒻተ፮ᙏጅᅱᅱ ᅱᗫጳቲ኏
ቺቲᎉጳᓗኣᑢቨ
:(ᓀᎉጳᓗ኎) ᓀᑿᑩ᛿ ᑰᎉቦ •
 ᢝ ᡨ ᓀᘭᐯᘭዱᑩᘘᑢቨ (Van der Bürsen) ᒢᎉጳᓗ኎ ጳ ጕ ᒇቲᏕ ᓀᑩᓹቲᎳ ᒃ።ቨ ᣠቧ "ᓀᎉጳᓗ኎" ᓀᑿᑩ᛿ ᑰᎉቦ ጕ ᓗᎻᘌ
ኹᒐቲ᛿ ᣎᑢቨ
ᒃᑢቲᎻᑢቲᗷ
᠍ ᡧ
ᔹቲᏽኤᑢᕕ ቲᒐቲᜓᑻ
 (Brugge - ውᓆፅ኎) ᓀᒙᓾጤᑿᗷ ᓀᑩᓹቲᎻᑢቨ ᒷ᜻ᑩᑿ኏ ᓭጥᑢቨ ᏳጤᒙᏟᑢቨ ᒇቲ᛿ᓆ ᅩᐇᓗᒙኣᑢቨ ᑛቲዱᑻ ᣚ
 ᢝ ᑰᑿᎻ኏
ᡨ ᣚ ᡧ ᡧ
 ᡫ ፸ᑻቲዳᑢቨ ᒇፅᏽᑢቨ ᒻᣂᏕ
.ᣄᎳ  ᢝ ᣌᔏᑩዲᑿᑢቨ
 ᢕ ጳ ቲዱኤᑢቨ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

:ᅳᅵᒇፅᏽᑢቨቺቲᘌቨጤᗷ -ቲ፭ᛳᒙᔏᏻ •
ᡧ ᡧ
.ᓀᘭᗖᓆጳᓆቦᒇጤᑻᒻጤᎳᑃᑢ጖ᣚᒃᒳኤᎻᘘ኏ᒃነᓀᘭᑻᓗᐯዲᑢቨᓀᘭᑢቲᑿᑢቨᏳቨ
ᢝ ጳᓆᕓቨᑛᓆቨጤ኏ᣚቲ፭ᛳᒙᔏᏻᓀᒙᓾጤᑻጳቲዱ኏ቦጤᗷ

:ᅳᅸᒇፅᏽᑢቨቺቲᘌቨጤᗷ -ቲᜓᘭዱᑩᗷ •
:(ᒃᒳ።ቦᕙᗷᓀᎉጳᓗ኎ᑛᓆቦ) ᒻተ፮ᙏጅᅱᅱ ᅱᗫጳቲ኏

ᓀᗫጳቲዱኤᑢቨᒇᓗᓾጤᑢቨᑛᓆቨጤ኏ᣚᔹቲᎣ።ᓗᑢቨᓆጳቲዱኤᑢቨቦጤᗷ
ᢝ ቺቲᎉጳᓗኣᑢቨ

ᣚᑰᑻቲᎻኤ኏ᓀᎉጳᓗ኎ᑛᓆቦኹᒐቲᜓᏕᅩᓀᘭᑻᓗᐯዲᑢቨᓆᓀᘭᎏዳ፮ᑢቨ
ᢝ ᒃᑢቲᎻᑢቲᗷ
.ጤᎻᗷፅᒳᎠጤᏸᑛᓆቨጤኤᑩᑢᑰᗷቲᏽᑢቨᒃᒳ፭ᑢቨᑷᓗᒳᏟᑻᒢᐯᘌᒃᑢᓆቺቨጤᒙ፭ᑢቨ
ᡫ ᣃᡫ •
(ᑷ ᅳᅸᅲᅴ)ᓀᘭᏸᣄᑢቨጤᒙᒳᑢቨᓀᐛ
ᡧ ᡫ ᡨ ᡫ
.ᑷቲᎻᑢቨᑛᓆቨጤኤᑩᑢᓀᑩᗷቲᏸᒃᑢቲᎻᑢቨᣚᓀᑿᒯቲ፭ᑻᓀᗫጳቲዱ኏ᓀᐛ
ᢝ ᣃᑛᓆተ᛿Ꮓ።ቨᓆᏳቲᎣᒐᣢᎳቲᒳ኎ᏋᣂᎻᑻᓀᐛ
ᣃᑛᓆቦ
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᒻተ፮ᙏጅᅱᅱ ᅱᗫጳቲ኏
ᅳᅺᅲᅺ;ቲᘭᑢቲᎣᘌቧ) ᒇᕙᘭᑻᓀᎉጳᓗ኎ ᅳᅺᅲᅳ ᒇጤᒙᑢᓀᎉጳᓗ኎
ቺቲᎉጳᓗኣᑢቨ
ᒃᑢቲᎻᑢቲᗷ

ᅳᅺᅺᅵᓀᗫጳጤᒙᐯ።ᕕቨᓀᎉጳᓗ኎ ᅳᅺᅳᅹ ᐇጳᓗᗫᖔᔏᒐᓀᎉጳᓗ኎


ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ጅᅱᅱ ᅱᗫጳቲ኏
ᓀᎉጳᓗኣᑢቨ
ᓀᗫᣆᑿᑢቨ
(ᅳᅻᅲᅵᅩ ᅳᅺᅺᅵ)
ᓀᘭᑢቲᑿᑢቨᏳቨጳᓆᕓቨᏳᓗ።ᒢᎳᓀᑻጤᏽᑻ

ᒻᣅቲዲᑻ
(ᅳ)

ᒻጤᘭᏽᑻᓀᐛᣃᡫ

ᒃᅱᒳᅱ ᅱ።ᕓቨ
ᓀᒐቨፆዡቺቨጤᒙ።
ቺቨጤᒙ፭ᑢቨ
66 245

ᒇቲᜓ።ቧቺቨጤᒙ። ᣓᛳᓹፅᑢቨᏳᓗ፭ᑢቲᗷ
ᢝ Ᏻቨጳᓆᕓቨ
19 215
ᓀᘭᑢቲᑿᑢቨ
ᐂᗫጳᓗ኏ቺቨጤᒙ።

ቺቲ᛿ᣄᑢቨᏳᓗ፭ᚽ ᒻጤᘭᏽᑿᑢቨ
36 30 ᒻᣂᎼᎏᑢቨ

ᓀᎣ።ᓗኤᑿᑢቨᓆ ᓀᎉጳᓗኣᑢቲᗷ
ᓀᗫᣆᑿᑢቨ
Ᏻᓆጤᒙᎉᐂᓹቲነᓆ ᐂᓾጕቲᒙᎉᐂᓹቲነᓆ
ᓭጳቲᏽᎻᑢቨጳቲᑿእᙬ።ᕕቨ 1 1 ᡫ
ቺቨᣃᓖᑿᑢቨ
ETFsᓀᑢᓆቨጤኤᑿᑢቨ

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