Multi-Manager Funds. In connection with securities transactions for the Fund, the Subadviser that is (or whose affiliated person is) entering into the transaction, and any other investment manager that is advising an affiliate of the Fund (or portion of the Fund) (collectively, the “Managers” for the purposes of this section) entering into the transaction are prohibited from consulting with each other concerning transactions for the Fund in securities or other assets and, if both Managers are responsible for providing investment advice to the Fund, the Manager’s responsibility in providing advice is expressly limited to a discrete portion of the Fund’s portfolio that it manages. This prohibition does not apply to communications by the Adviser in connection with the Adviser’s (i) overall supervisory responsibility for the general management and investment of the Fund’s assets; (ii) determination of the allocation of assets among the Manager(s), if any; and (iii) investment discretion with respect to the investment of Fund assets not otherwise assigned to a Manager.
Multi-Manager Funds. In connection with securities transactions for the Fund, the Subadviser that is (or whose affiliated person is) entering into the transaction, and any other investment manager that is advising an affiliate of the Fund (or portion of the Fund) (collectively, the “Managers” for the purposes of this section) entering into the transaction are prohibited from consulting with each other concerning transactions for the Fund in securities or other assets and, if both Managers are responsible for providing investment advice to the Fund, the Manager’s responsibility in providing advice is expressly limited to a discrete portion of the Fund’s portfolio that it manages. This prohibition does not apply to communications by the Adviser in connection with the Adviser’s (i) overall supervisory responsibility for the general management and investment of the Fund’s assets; (ii) determination of the allocation of assets among the Manager(s), if any; and (iii) investment discretion with respect to the investment of Fund assets not otherwise assigned to a Manager. PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN CONNECTION WITH ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS ACCOUNT DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN, FILED WITH THE COMMISSION. THE COMMODITY FUTURES TRADING COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE ADEQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS TRADING PROGRAM OR THIS ACCOUNT DOCUMENT.
Multi-Manager Funds. In connection with securities transactions for the Fund, the Subadviser that is (or whose affiliated person is) entering into the transaction, and any other investment manager that is advising an affiliate of the Fund (or portion of the Fund) (collectively, the “Managers” for the purposes of this section) entering into the transaction are prohibited from consulting with each other concerning transactions for the Fund in securities or other assets and, if both Managers are responsible for providing investment advice to the Fund, the Manager’s responsibility in providing advice is expressly limited to a discrete portion of the Fund’s portfolio that it manages. Adviser will provide Subadviser with an updated list of Managers in connection with this prohibition. This prohibition does not apply to communications by the Adviser in connection with the Adviser’s (i) overall supervisory responsibility for the general management and investment of the Fund’s assets; (ii) determination of the allocation of assets among the February 2013 14 Manager(s), if any; and (iii) investment discretion with respect to the investment of Fund assets not otherwise assigned to a Manager. [The remainder of this page is intentionally left blank.] February 2013 15
Multi-Manager Funds. In connection with securities transactions for the Fund, the Subadviser that is (or whose affiliated person is) entering into the transaction, and any other investment manager that is advising an affiliate of the Fund (or portion of the Fund) (collectively, the “Managers” for the purposes of this section) entering into the transaction are prohibited from consulting with each other concerning transactions for the Fund in securities or other assets and, if both Managers are responsible for providing investment advice to the Fund, the Manager’s responsibility in providing advice is expressly limited to a discrete portion of the Fund’s portfolio that it manages. The Adviser agrees to furnish a list of Managers to Subadviser, and to advise of any changes to the list. The Adviser shall make a good faith effort to ensure that the advisory contracts of each of the Managers contain the same prohibitions as this Section 26. This prohibition does not apply to communications by the Adviser in connection with the Adviser’s (i) overall supervisory responsibility for the general management and investment of the Fund’s assets; (ii) determination of the allocation of assets among the Manager(s), if any; and (iii) investment discretion with respect to the investment of Fund assets not otherwise assigned to a Manager. [The remainder of this page is intentionally left blank.]
Multi-Manager Funds. Please indicate below the class of Shares you desire to purchase, and the amount in U.S. Dollars, Euros, Yen, Sterling or Singapore Dollars or the number of such Shares you desire to purchase. Initial Investment. The minimum initial investment for each class of Shares is as follows: Class A, Class S, Class D, Class E, Class N and Class O Shares $100,000/€100,000/ ¥10,000,000*/£100,000/ S$150,000 Class B Shares Class C Shares $50,000/€50,000 $50,000/€50,000 Subsequent Purchases. The minimum subsequent purchase by existing holders of each class of Shares is as follows: Class A, Class S, Class D, Class E, Class N and Class O S Shares $10,000/€10,000/ ¥1,000,000/£10,000/ S$15,000 Class B Shares Class C Shares $10,000/€10,000 $10,000/€10,000 All investment amounts are exclusive of applicable sales charges, bank charges, and other dealing fees. When completing Amounts below, numbers greater than 999 should have commas to indicate place values. Periods within numbers will be deemed to be decimal points. It is the investor’s responsibility to complete the Amount with commas and decimal points correctly and clearly inserted. Class Reinvest A S B C D E N O Amount USD EUR JPY GBP SGD Dividends Shares Permal Investment Holdings N.V. N/A N/A N/A N/A Classes A, B, C only Class A only N/A Class A only N/A Permal Japan Holdings N.V. N/A N/A N/A N/A N/A Class A only N/A N/A N/A * The minimum initial subscription amount for Class A JPY Shares of PFX and Class N JPY Shares of PFIH is the greater of ¥10,000,000 and the Japanese Yen equivalent of $100,000. Class Reinvest A S B C D E N O Amount USD EUR JPY GBP SGD Dividends Shares Permal European N/A N/A N/A N/A N/A N/A N/A N/A Holdings N.V. Classes A, B, C only Permal FX, N/A Financials & Classes Class A Class Classes SGD Class Futures Ltd. A, B, C only only A only A, D only D only Permal Long N/A N/A N/A N/A N/A N/A N/A Short Global Classes Class A Equity Holdings A, B, C only N.V. only Permal N/A N/A N/A N/A N/A N/A N/A N/A N/A Emerging Markets Holdings N.V. Permal Asian N/A N/A N/A N/A N/A N/A N/A N/A N/A Holdings N.V. Permal Fixed N/A N/A N/A Income Holdings Classes Class N Classes Classes A, S, N.V. A, B, C, N only only A, N only B, C only Permal India N/A N/A N/A N/A N/A N/A N/A N/A N/A Holdings Ltd. * Unless the “Reinvest Dividends” box is checked, dividends will be paid to investor in cash and will not be reinvested. Orders will be presumed to be for Class A Shares in USD unless otherwise specified. Check “Shares” if s...
