Wounds UK 92/80(_,668(_-81(

made
2SWLPLVLQJWKHSDWLHQWMRXUQH\
easy
3UHFLVHLQGLYLGXDODQGWLPHO\ZRXQGDVVHVVPHQWXQGHUSLQV
,QWURGXFWLRQ HIIHFWLYHFOLQLFDOGHFLVLRQPDNLQJHQDEOLQJDSSURSULDWHJRDOV
Effective acute and chronic wound management WREHGRFXPHQWHGIRUWKHPDQDJHPHQWRIWKHZRXQGLQRUGHUWR
involves full, holistic assessment and ongoing
evaluation to ensure optimal outcomes.
Accurate wound assessment should include
a comprehensive patient history, aetiology of
the wound, condition of the wound bed and
periwound area, level, colour and consistency
UHGXFHPRUELGLW\DQGFRVWV3RVQHWWHWDO
$GGLWLRQDOO\WKHSDWLHQWIDPLO\DQGFDUHUVPXVWEHLQFOXGHG
LQWKHGHYHORSPHQWRIFDUHSODQVWKURXJKGLVFXVVLRQVDQG
H[SODQDWLRQVUHJDUGLQJWUHDWPHQWRSWLRQVWRHQVXUHWKDWSODQQHG
LQWHUYHQWLRQVDUHXQGHUVWRRGDJUHHGDQGDGKHUHGWRE\HYHU\RQH
of exudate as well as signs of infection. It is also :RXQGV,QWHUQDWLRQDO
important to review the choice of wound dressing

MMPs
regularly. Each wound is different and may 7KH:RUOG8QLRQRI:RXQG+HDOLQJ6RFLHWLHV:8:+6
improve or deteriorate over time, and therefore
timely recognition of changes is essential.
Precise, individual and timely wound assessment
underpins effective clinical decision-making,
enabling appropriate goals to be documented.
$XWKRUV2XVH\.$WNLQ/
48$/,7<&$5($1'7+(3$7,(17
-2851(<
KLJKOLJKWHGWKHLPSRUWDQFHRIKROLVWLFDVVHVVPHQWRIWKH
SDWLHQW7KLVVKRXOGLQFOXGH
Q 'HWHUPLQDWLRQRIWKHFDXVHRIWKHZRXQG
Q ,GHQWL¿FDWLRQRIDQ\FRPSOLFDWLRQVRUFRPRUELGLWLHVWKDW
PD\FRQWULEXWHWRWKHZRXQGRUGHOD\KHDOLQJ
Q $VVHVVPHQWRIWKHVWDWXVRIWKHZRXQG
,GHQWL¿FDWLRQRIWKHVHIDFWRUVZLOOKHOSGHYHORSWKH
PDQDJHPHQWSODQ
86,1*7,0(72$66(667+(:281'%('
7KH,QWHUQDWLRQDO$GYLVRU\%RDUGRQ:RXQG%HG3UHSDUDWLRQ
7KH'HSDUWPHQWRI+HDOWK¶V'+4XDOLW\,QQRYDWLRQ GHYHORSHGWKHDFURQ\P7,0(WRDLGFOLQLFLDQVLQZRXQGEHG
3URGXFWLYLW\DQG3UHYHQWLRQ4,33DJHQGDKDVEHHQDQLQWHJUDO SUHSDUDWLRQ7KLVFRPSULVHVIRXUHOHPHQWV
DVSHFWRIWKHSDWLHQWMRXUQH\WKDWDOOSUDFWLWLRQHUVVKRXOG Q 7 7LVVXHQRQYLDEOHRUGH¿FLHQW
LQFRUSRUDWHLQWRSODQVRIFDUH'+
4,33SURPRWHVWKHLPSRUWDQFHRIGHOLYHULQJKLJKTXDOLW\FDUHLQ
DUHVRXUFHFRQWUROOHGKHDOWKFDUHHQYLURQPHQWZKLOHPDLQWDLQLQJ
SURGXFWLYLW\DQGHQVXULQJSUHYHQWLRQRIKDUPWRSDWLHQWV
,QWHJUDOWRPDLQWDLQLQJTXDOLW\FDUHLVWKHSURPRWLRQRISDWLHQW
ZHOOEHLQJWKURXJKDSSURSULDWHZRXQGGUHVVLQJFKRLFHIRUDQ
Q , ,QIHFWLRQRULQÀDPPDWLRQ
Q 0 0RLVWXUHLPEDODQFH
Q ( (GJHRIZRXQGQRQDGYDQFLQJRUXQGHUPLQHG
7KLVPRGHOZDVGHVLJQHGWRRIIHUSUDFWLWLRQHUVDVWUXFWXUHG
DSSURDFKWRWKHDVVHVVPHQWRISRWHQWLDOEDUULHUVWRKHDOLQJDQG
XVHRIWDUJHWHGWKHUDSLHVIRURSWLPDOZRXQGKHDOLQJ6FKXOW]HW
RSWLPXPKHDOLQJHQYLURQPHQW:HOOEHLQJKDVEHHQH[SORUHGLQD DO)DODQJD0RUHUHFHQWO\WKH,QWHUQDWLRQDO:RXQG
UHFHQWLQWHUQDWLRQDOFRQVHQVXVGRFXPHQW:RXQGV,QWHUQDWLRQDO ,QIHFWLRQ,QVWLWXWHUHYLVLWHGWKH7,0(IUDPHZRUNDQGH[DPLQHG
DQGKDVEHHQGHVFULEHGDVDG\QDPLFPDWUL[RIIDFWRUV KRZQHZGDWDDQGHYLGHQFHJHQHUDWHGRYHUWKHSDVWGHFDGHKDV
LQFOXGLQJSK\VLFDOVRFLDOSV\FKRORJLFDODQGVSLULWXDO LPSDFWHGRQWKHRULJLQDOFRQFHSWRI7,0(/HDSHUDWDO
FXOWXUDO7KHFRQVHQVXVGRFXPHQWKLJKOLJKWVWKHLPSRUWDQFH ,WZDVFRQFOXGHGWKDWWKH7,0(IUDPHZRUNUHPDLQVUHOHYDQW
RIFROODERUDWLRQEHWZHHQFOLQLFLDQVSDWLHQWVWKHLUIDPLOLHV EXWLWVKRXOGDOVRHQFRPSDVVSDWLHQWFHQWUHGFRQFHUQVDQG
DQGFDUHUVWKHKHDOWKFDUHV\VWHPDQGLQGXVWU\WRRSWLPLVH SURPRWHDKROLVWLFDSSURDFKWRSDWLHQWZHOOEHLQJLQZRXQGFDUH
ZHOOEHLQJLPSURYHRUKHDOWKHZRXQGDOOHYLDWHDQGPDQDJH LQDGGLWLRQWRIRFXVLQJRQWKHZRXQGEHG
V\PSWRPVDQGHQVXUHDOOSDUWLHVDUHIXOO\HQJDJHGLQWKLVSURFHVV
:RXQGV,QWHUQDWLRQDO
52/(2):281'$66(660(17
$FFXUDWHZRXQGDVVHVVPHQWLVFRPSOH[ZLWKHYHU\SDWLHQW
SUHVHQWLQJZLWKGLIIHUHQWVLJQVDQGV\PSWRPV3UDFWLWLRQHUV
PXVWWKHUHIRUHDVVHVVWKHQHHGVRIHDFKSHUVRQLQGLYLGXDOO\
/HDSHUHWDODUJXHWKDWWKH7,0(SULQFLSOHVFRXOGEH
UHGH¿QHGIURPLWV¿UVWDVVHVVPHQWVWDJHWREHFRPHDVHFRQG
PDQDJHPHQWVWDJHFRQVLVWLQJRIWUHDWPHQWLPSOHPHQWDWLRQ
PRQLWRULQJDQGHYDOXDWLRQ
Q 7UHDWPHQW$QDSSURSULDWHWUHDWPHQWSODQEDVHGRQWKH
REMHFWLYHVRIFDUHWREHDFKLHYHGDQGWKHREMHFWLYHVRIWKH
RULJLQDO7,0(IUDPHZRUN

 Wounds UK

Q ,PSOHPHQWDWLRQ$JUHHWUHDWPHQWSODQVIRURSWLPDO
)LJXUH,GHQWLI\LQJ
HIIHFWLYHREMHFWLYHVZLWKDQHYDOXDWLRQRIRXWFRPHV
EDUULHUVWRKHDOLQJ
Q 0RQLWRULQJ,QFOXGHGHWHFWLRQRIDQ\ORFDORUV\VWHPLF
LQDSDWLHQWZKR
DGYHUVHHYHQWVDQGHQVXUHWKDWFOLQLFDOSUDFWLFHDQG
KDVXQGHUJRQH
SURGXFWVXVHGDFKLHYHWKHEHVWSHUIRUPDQFH
GHEULGHPHQWDQG
Q (YDOXDWLRQ5HYLHZDOOWUHDWPHQWVUHJXODUO\DQGHYDOXDWH
DPSXWDWLRQRIWRHV
REMHFWLYHO\/HDSHUHWDO
DVDUHVXOWRIGLDEHWLF
IRRWVHSVLV
7+(,03257$1&(2)21*2,1*:281'
$66(660(17
2QJRLQJDVVHVVPHQWRIZRXQGVVKRXOGEHDQLQWHJUDODVSHFW
RIWKHPDQDJHPHQWSODQ:RXQGVPD\LPSURYHRUGHWHULRUDWH Q 7 7LVVXH7KHZRXQGEHGDSSHDUVWRKDYHDFRYHULQJRI
RYHUWLPHDQGWKHUHIRUHWLPHO\UHFRJQLWLRQRIDQ\FKDQJHV VXSHU¿FLDOVORXJK
LVHVVHQWLDO6XERSWLPDOFDUHFDQOHDGWRGHOD\HGKHDOLQJ Q , ,QIHFWLRQ,QÀDPPDWLRQ7KHUHDUHFXUUHQWO\QRVLJQV
LQFUHDVHGSDLQLQFUHDVHGULVNRILQIHFWLRQDQGLQDSSURSULDWH RIDQ\LVVXHVZLWKLQFUHDVLQJEDFWHULDOORDGRUDEQRUPDO
XVHRIZRXQGGUHVVLQJVDOORIZKLFKLPSDFWQHJDWLYHO\RQ LQÀDPPDWRU\UHVSRQVH
TXDOLW\RIOLIHDQGKHDOWKFDUHFRVWV2XVH\DQG&RRN
5HDVVHVVPHQWRIWKHZRXQGVKRXOGEHIUHTXHQWZLWKUHSHDW
DVVHVVPHQWEHLQJSHUIRUPHGDWHDFKGUHVVLQJFKDQJHZKLFK
VKRXOGEHDWOHDVWZHHNO\0RUHIUHTXHQWDVVHVVPHQWPD\
EHUHTXLUHGLQZRXQGVDWULVNRILQIHFWLRQRULQZRXQGVZLWK
FOLQLFDOVLJQVRILQIHFWLRQ
:RXQGUHDVVHVVPHQWLVSHUIRUPHGWRHYDOXDWHWKHSURJUHVVLRQ
RIWKHZRXQGWRKLJKOLJKWDQ\HOHPHQWVWKDWPD\GHOD\ZRXQG
KHDOLQJDQGWRHYDOXDWHWKHHIIHFWRIWKHFXUUHQWWUHDWPHQW
REMHFWLYHV7KHUHVXOWVVKRXOGEHFOHDUO\GRFXPHQWHGLQWKH
SDWLHQW¶VQRWHVDQGFDUHSODQZLWKFOHDUHYDOXDWLRQGDWHV
UHFRUGHG$Q\FKDQJHVWRWUHDWPHQWDQGDFOHDUUDWLRQDOHIRU
VXFKFKDQJHVPXVWEHUHFRUGHG
:RXQGDVVHVVPHQWDWHDFKGUHVVLQJFKDQJHVKRXOGLQFOXGH DFKLHYLQJDPRLVWEXWQRWPDFHUDWHGZRXQGEHGWKHXVXDO
 ([WHQWRIWKHZRXQGLQFOXGLQJOHQJWKDQGZLGWKWRJHWKHU
Q 0 0RLVWXUHEDODQFH7KHUHGRHVQRWDSSHDUWREHDQ\
LVVXHVZLWKLQFUHDVHGZRXQGH[XGDWH,QVWHDGWKHZRXQGEHG
DSSHDUVVOLJKWO\WRRGU\LQSODFHV
Q ( (GJHRIZRXQG,QVRPHDUHDVWKHZRXQGHGJHV
DSSHDUKHDOWK\DQGWREHDGYDQFLQJLQRWKHUDUHDVVORXJK\
GHYLWDOLVHGWLVVXHDSSHDUVWREHKLQGHULQJWKHDGYDQFHPHQWRI
WKHZRXQGHGJHV
,QWKLVH[DPSOHWKHUHVXOWRIWKHZRXQGDVVHVVPHQWKDVUHYHDOHG
WKDWWKHPDMRULVVXHGHOD\LQJZRXQGKHDOLQJLVWKHVORXJK\
GHYLWDOLVHGWLVVXH7KHUHIRUHWKHDLPRIZRXQGEHGSUHSDUDWLRQ
ZRXOGEHWRGHEULGHWKHZRXQGXVLQJDVXLWDEOHPHWKRG)RU
H[DPSOHXVLQJDGUHVVLQJWKDWHQFRXUDJHVDXWRO\VLVVXFKDVD
K\GURJHORUDOJLQDWH&0&GHSHQGLQJRQWKHH[XGDWHOHYHO
7KHLPSRUWDQFHRIH[XGDWHLQZRXQGKHDOLQJPDNHV
DLP&RPSUHKHQVLYHDVVHVVPHQWXQGHUSLQVHIIHFWLYHH[XGDWH
ZLWKDQ\DUHDVRIXQGHUPLQLQJHWF7KLVPD\EHWUDFHGRU PDQDJHPHQWDQGLGHDOO\VKRXOGEHLQWHJUDWHGLQWRJHQHUDO
SKRWRJUDSKHGGHSHQGHQWRQORFDOSURWRFROV5HPHPEHU ZRXQGDVVHVVPHQW([XGDWHLVDSUREOHPZKHQDQ\RIWKH
LIWKHZRXQGLVEHLQJSKRWRJUDSKHGWKHFRQVHQWRIWKH IROORZLQJRFFXU
SDWLHQWPXVWEHVRXJKWDQGGRFXPHQWHG Q OHDNDJHDQGVRLOLQJ
 $Q\FKDQJHVWRWKHFRQGLWLRQRIWKHSHULZRXQGDUHD Q SHULZRXQGVNLQFKDQJHVHJPDFHUDWLRQH[FRULDWLRQ
LQFOXGLQJVLJQVRIPDFHUDWLRQPD\LQGLFDWHWKDWDQ Q RGRXUGLVFRPIRUWSDLQ
LQFRUUHFWZRXQGGUHVVLQJLVEHLQJXVHG Q LQIHFWLRQ
 &RQGLWLRQRIWKHZRXQGEHGXVLQJWKH7,0(SULQFLSOHV
DQGSUHGRPLQDQWWLVVXHW\SHVHHSDJH +LJKOHYHOVRIH[XGDWHPD\UHTXLUHPRUHIUHTXHQWGUHVVLQJ
 /HYHORIH[XGDWHFRORXUFRQVLVWHQF\DPRXQW FKDQJHVZLWKUHJXODUUHYLHZWRDVVHVVWKHDEVRUSWLRQRIÀXLG
 6LJQVDQGV\PSWRPVRILQIHFWLRQ DQGOHYHORIPRLVWXUHLQWKHZRXQGEHGZKLFKZLOOFKDQJHRYHU
 3UHVHQFHRIRGRXU WLPHDVWKHZRXQGSURJHVVHVWRKHDOLQJ
 &KDQJHVWRYDVFXODULW\VXFKDVDFKDQJHLQOLPEFRORXU
DQGRUVHQVDWLRQ )RUPXODWLQJDQGGRFXPHQWLQJFOHDUDLPVHQVXUHVDSSURSULDWH
 $Q\FKDQJHVLQSDLQORFDWLRQ±HJLVWKHSDLQLQWKH ZRXQGSURGXFWVDUHFKRVHQEXWLWDOVRDOORZVIRUUHDOLVWLF
ZRXQGEHGRUDURXQGWKHZRXQGPDUJLQV"±DQGLQWHQVLW\ HYDOXDWLRQRIWUHDWPHQW$WWKHQH[WGUHVVLQJFKDQJHIROORZLQJ
 $Q\FKDQJHVWRWKHJHQHUDOKHDOWKRIWKHSDWLHQW ZRXQGUHDVVHVVPHQWWKHSUDFWLWLRQHUZLOOEHDEOHWRHYDOXDWH
(YDOXDWLRQRIWKHGUHVVLQJXVHG ZKHWKHUWKHZRXQGLVSURJHVVLQJIRUH[DPSOHZKHWKHUWKH
VORXJK\GHYLWDOLVHGWLVVXHLVUHGXFLQJDQGZKHWKHUWKHFXUUHQW
,GHQWLI\LQJEDUULHUVWRKHDOLQJ LQWHUYHQWLRQLVSURYLQJVXFFHVVIXOVHHDOVR&DVHVWXG\S±
)LJXUHSUHVHQWVDSDWLHQWZKRKDVXQGHUJRQHGHEULGHPHQW
DQGDPSXWDWLRQRIWRHVDVDUHVXOWRIGLDEHWLFIRRWLQIHFWLRQ 6HWWLQJWUHDWPHQWJRDOV
:KHQDVVHVVLQJWKLVZRXQGWKHSUDFWLWLRQHUVKRXOGDSSO\WKH 7KHUHVXOWVRIZRXQGEHGDVVHVVPHQWZLOOKLJKOLJKWWKHWUHDWPHQW
SULQFLSOHVRI7,0( JRDOVOHDGLQJWRDSSURSULDWHSURGXFWVHOHFWLRQ,WLVPRUHGLI¿FXOW


 )LJXUH6HWWLQJ $OOKHDOWKFDUHWHDPVZLOOKDYHDORFDOO\DJUHHGZRXQG
WUHDWPHQWJRDOVLQ DVVHVVPHQWWRROWKDWVKRXOGEHXVHGIRUDOOZRXQGDVVHVVPHQWV
DSDWLHQWZLWKD 3UDFWLWLRQHUVPD\DOVRXVHWKH1DWLRQDO3UHVVXUH8OFHU
YHQRXVOHJXOFHUDQG $GYLVRU\3DQHO138$3DQG:RXQG+HDOLQJ$VVHVVPHQW
GHOD\HGKHDOLQJGXH DQG0DQDJHPHQW:+$0ZRXQGDVVHVVPHQWWRROV7KH
WRFHOOXOLWLV :+$0WRROLVDQDGDSWDWLRQRIWKH3UHVVXUH8OFHU6FRUHIRU
+HDOLQJ386+WRRO138$3,WHQDEOHVWKHUHFRUGLQJ
RIZRXQGVL]HGHSWKORFDWLRQRIZRXQGVXVLQJDERG\PDSDQG
LGHQWL¿FDWLRQRIIDFWRUVWKDWGHOD\ZRXQGKHDOLQJ6KHSKHUGDQG
WRHYDOXDWHWUHDWPHQWSODQVLIWKHZRXQGDLPVDUHQRWVSHFL¿F
)RUH[DPSOHLIWKHJRDOLVµWRSURPRWHKHDOLQJ¶WKLVLVGLI¿FXOW
WRTXDQWLI\ZKHUHDVWUHDWPHQWDLPVVXFKDVWRGHEULGHUHGXFH
EDFWHULDOORDGPDQDJHH[FHVVH[XGDWHRUSUHYHQWPDFHUDWLRQ
RIWKHSHULZRXQGVNLQDUHPRUHWDQJLEOHIRUERWKSDWLHQWVDQG
SUDFWLWLRQHUV
:KHQSODQQLQJWUHDWPHQWDLPVWKHSUDFWLWLRQHUPXVWEHDZDUHRI
DQGXQGHUVWDQGWKHVLJQVDQGV\PSWRPVWKDWPD\EHLQGLFDWLYH
1L[RQ
$OWKRXJKWKHUHDUHQRQDWLRQDOJXLGHOLQHVUHFRPPHQGLQJRQH
SDUWLFXODUDVVHVVPHQWWRROLWLVLPSRUWDQWWKDWVWDIIDUHFRQVLVWHQW
DQGXVHWKHVDPHGRFXPHQWDWLRQWRHQVXUHFRQWLQXLW\RIFDUH
,IDSDWLHQWLVWUDQVIHUUHGIURPRQHORFDWLRQWRDQRWKHUWKHW\SH
RIGRFXPHQWDWLRQPD\EHGLIIHUHQW,QWKLVVLWXDWLRQDIXUWKHU
ZRXQGDVVHVVPHQWVKRXOGEHXQGHUWDNHQXVLQJWKHORFDOO\
DFFHSWHGGRFXPHQWVDQGUHVXOWVRIWKLVUHFRUGHGDVDEDVHOLQH
6XEVHTXHQWDVVHVVPHQWVVKRXOGEHFRPSOHWHGXVLQJWKHORFDO
GRFXPHQWVWRDYRLGDQ\FRQIXVLRQIRUFRQWLQXLW\RIFDUH
RIDQRQKHDOLQJZRXQG9RZGHQ2QHUHDVRQKHDOLQJ
PD\EHGHOD\HGLVGXHWRLQFUHDVHGEDFWHULDOORDGRULQIHFWLRQ
&OLQLFDOVLJQVRILQIHFWLRQLQFOXGHLQÀDPPDWLRQSDLQKHDW
VZHOOLQJUHGQHVVORVVRIIXQFWLRQDEVFHVVIRUPDWLRQFHOOXOLWLV
SXUXOHQWGLVFKDUJHGHOD\HGKHDOLQJGLVFRORXUDWLRQIULDEOH
JUDQXODWLRQWLVVXHWKDWEOHHGVHDVLO\SRFNHWLQJDWWKHEDVHRIWKH
ZRXQGEULGJLQJRIHSLWKHOLXPRUVRIWWLVVXHDEQRUPDOVPHOODQG
86,1*$66(660(1772,1)250
'5(66,1*&+2,&(
$FFXUDWHZRXQGDVVHVVPHQWDOORZVDSSURSULDWHZRXQGGUHVVLQJ
VHOHFWLRQ:KHQFKRRVLQJDGUHVVLQJLWLVFUXFLDOWKDWMXGJPHQWV
DUHEDVHGRQWKHUHVXOWVRIHDFKDVVHVVPHQWDQGWKDWWKHFKRLFH
RIGUHVVLQJEHVWPDWFKHVWKHFOLQLFDODSSHDUDQFHSDWLHQW
ZRXQGEUHDNGRZQ&XWWLQJHWDO:8:+6 SUHIHUHQFHVDQGWKHVLWHRIZRXQG:8:+6
)DFWRUVWRFRQVLGHULQFOXGH
)LJXUHVKRZVDYHQRXVOHJXOFHUZKHUHKHDOLQJKDVEHHQ Q /RFDWLRQRIWKHZRXQG
GHOD\HGGXHWRDQDFXWHHSLVRGHRIFHOOXOLWLV7KHUHLVHYLGHQFH Q ([WHQWVL]HGHSWKRIWKHZRXQG
RIRHGHPDVSUHDGLQJHU\WKHPDDQGLQÀDPPDWLRQRIWKH Q $PRXQWDQGW\SHRIH[XGDWH
VXUURXQGLQJVNLQ7KHOLPEZDVZDUPWRWRXFKDQGWKHSDWLHQW Q 7KHSUHGRPLQDQWWLVVXHW\SHRQWKHZRXQGVXUIDFH
UHSRUWHGLQFUHDVHGOHYHOVRISDLQDQGH[XGDWH7KHLQIHFWLRQ Q &RQGLWLRQRIWKHSHULZRXQGVNLQ
UHTXLUHGWUHDWPHQWZLWKV\VWHPDQWLELRWLFVWRSUHYHQWIXUWKHU
GHOD\LQKHDOLQJDQGGHYHORSPHQWRIFRPSOLFDWLRQV
3UDFWLWLRQHUVVKRXOGQRWFKDQJHWKHWUHDWPHQWSODQSUHPDWXUHO\
XQOHVVWKHUHDUHVSHFL¿FUHDVRQVWRGRVR)RUH[DPSOHLIWKHUHLV
DQDOOHUJLFUHDFWLRQVNLQUHDFWLRQRUVLJQL¿FDQWGHWHULRUDWLRQRI
Q &RPSDWLELOLW\ZLWKRWKHUWKHUDSLHVHJFRQWDFWFDVWLQJ
Q :RXQGELREXUGHQDQGULVNRILQIHFWLRQ
Q $YRLGDQFHRISDLQDQGWUDXPDDWGUHVVLQJFKDQJHV
Q 4XDOLW\RIOLIHDQGSDWLHQWZHOOEHLQJ
3UDFWLWLRQHUVVKRXOGDOVRDVNWKHPVHOYHVWKHIROORZLQJTXHVWLRQV
WKHZRXQG:RXQGGUHVVLQJUHJLPHQVVKRXOGEHXVHGIRUDWOHDVW :8:+6
WZRZHHNVDOORZLQJWLPHIRUKHDOLQJWRRFFXUEHIRUHDFKDQJHLQ
GUHVVLQJW\SHLVFRQVLGHUHGVHH&DVHVWXG\S±,IWKHUHLVQR
LPSURYHPHQWLQWKHZRXQGDIWHUWZRZHHNVWKHQWKHSUDFWLWLRQHU
VKRXOGFRQVLGHUDGMXVWLQJWKHZRXQGWUHDWPHQWSODQ
+2:72'2&80(17:281'352*5(66
(DFKZRXQGDVVHVVPHQWVKRXOGEHGRFXPHQWHGWRHQVXUH
FRQWLQXLW\RIFDUHDQGDGKHUHQFHWRWKHWUHDWPHQWSODQ)OHWFKHU
'RHVWKHGUHVVLQJ
Q 6WD\LQWDFWDQGUHPDLQLQSODFHWKURXJKRXWZHDUWLPH"
Q 3UHYHQWOHDNDJHEHWZHHQGUHVVLQJFKDQJHV"
Q &DXVHPDFHUDWLRQDOOHUJ\RUVHQVLWLYLW\"
Q 5HGXFHSDLQ"
Q 5HGXFHRGRXU"
Q 5HWDLQÀXLGWUDSH[XGDWHFRPSRQHQWV"
7KLVLVSDUWLFXODUO\LPSRUWDQWLQWKHFRPPXQLW\VHWWLQJ ,VWKHGUHVVLQJ
ZKHUHPDQ\SUDFWLWLRQHUVPD\EHLQYROYHGLQWKHFDUHRIWKHVDPH Q &RPIRUWDEOHFRQIRUPDEOHÀH[LEOHDQGRIDEXONZHLJKWWKDW
LQGLYLGXDO'RZVHWW&OHDUDQGFRQFLVHGRFXPHQWDWLRQ FDQEHDFFRPPRGDWHGLQDQRIÀRDGLQJGHYLFHIRRWZHDU"
ZLOODOVRIDFLOLWDWHDXGLWRIFDUHDQGPHDVXUHRXWFRPHV+RZHYHU Q 6XLWDEOHIRUOHDYLQJLQSODFHIRUWKHUHTXLUHGGXUDWLRQ"
DVWXG\E\'RZVHWWLGHQWL¿HGWKDWRQO\RIFRPPXQLW\ Q (DV\WRUHPRYHGRHVQRWWUDXPDWLVHWKHVXUURXQGLQJVNLQRU
SDWLHQWVKDGDZRXQGDVVHVVPHQWIRUPFRPSOHWHGDQGFRQFOXGHG ZRXQGEHG"
WKDWZRXQGDVVHVVPHQWDQGWKHUHFRUGLQJRIDVVHVVPHQWLVRIWHQ Q (DV\WRDSSO\"
FDUULHGRXWSRRUO\RUVSRUDGLFDOO\'RZVHWW Q &RVWHIIHFWLYH"


 2SWLPLVLQJWKHSDWLHQWMRXUQH\ made
$OOGHFLVLRQVPDGHE\SUDFWLWLRQHUVPXVWEHEDVHGRQWKHEHVW
DYDLODEOHHYLGHQFH,WLVWKHUHVSRQVLELOLW\RIHDFKUHJLVWHUHG
SUDFWLWLRQHUWRHQVXUHWKH\SRVVHVVXSWRGDWHNQRZOHGJHDQG
VNLOOV,PSRUWDQWO\SUDFWLWLRQHUVQHHGWRUHFRJQLVHWKHLURZQ
OLPLWDWLRQVDQGZKHQQHFHVVDU\UHIHUWRPXOWLGLVFLSOLQDU\WHDPV
IRUVSHFLDOLVWDGYLFH
7+(,03257$1&(2)(9,'(1&(%$6('
'(&,6,210$.,1*
easy
&RPSUHKHQVLYHDVVHVVPHQWOHDGVWRIRUPDWLRQRIDSSURSULDWH
WUHDWPHQWDLPVZKLFKOLQNWRHQVXULQJWKDWWKHFRUUHFWZRXQG
FDUHSURGXFWLVXVHGDWWKHULJKWWLPHFOHDUDLPVDOVRDOORZ
IRUPHDQLQJIXODQGLQIRUPDWLYHHYDOXDWLRQRIFDUH8OWLPDWHO\
DFFXUDWHDVVHVVPHQWVLQFUHDVHGSDWLHQWLQYROYHPHQWDQG
DSSURSULDWHLQWHUYHQWLRQVZLOOUHVXOWLQLPSURYHGSDWLHQW
RXWFRPHVDQGUHGXFWLRQRIFRVWVWKXVLPSURYLQJWKHRYHUDOO
TXDOLW\RIFDUH
5()(5(1&(6
3UDFWLWLRQHUVLQYROYHGLQZRXQGFDUHVKRXOGSRVVHVVWKH &RRN/:RXQGDVVHVVPHQWH[SORULQJFRPSHWHQF\DQGFXUUHQW
HVVHQWLDOVNLOOVUHTXLUHGWRSODQLPSOHPHQWDQGHYDOXDWHFDUHRQ SUDFWLFH%U-&RPP1XUV6±6
DQLQGLYLGXDOEDVLV&RRN6WUXFWXUHGZRXQGDVVHVVPHQWV &XWWLQJ.:KLWH5-0DORQH\3+DUGLQJ.*&OLQLFDO
VKRXOGEHFDUULHGRXWE\VNLOOHGDQGFRPSHWHQWSUDFWLWLRQHUV LGHQWL¿FDWLRQRIZRXQGLQIHFWLRQD'HOSKLDSSURDFK,Q(XURSHDQ
DGKHULQJWRORFDODQGQDWLRQDOJXLGHOLQHV+DUGLQJHWDO :RXQG0DQDJHPHQW$VVRFLDWLRQ3RVLWLRQ'RFXPHQW,GHQWLI\LQJ
&ULWHULDIRU:RXQG,QIHFWLRQ0(3/RQGRQ
7KH1XUVLQJDQG0LGZLIHU\&RXQFLO10&VWDWHVWKDWFDUH 'HSDUWPHQWRI+HDOWK+LJK4XDOLW\&DUH)RU$OO1+61H[W
GHOLYHUHGPXVWEHEDVHGRQWKHEHVWDYDLODEOHHYLGHQFHRU 6WDJH5HYLHZ)LQDO5HSRUW762/RQGRQ
EHVWSUDFWLFHZLWKHYHU\UHJLVWHUHGSUDFWLWLRQHUSRVVHVVLQJ 'HSDUWPHQWRI+HDOWK1+6±)URP*RRGWR*UHDW
WKHNQRZOHGJHDQGVNLOOVIRUVDIHDQGHIIHFWLYHSUDFWLFHZKHQ 762/RQGRQ
ZRUNLQJZLWKRXWGLUHFWVXSHUYLVLRQ10&7KH10& 'HSDUWPHQWRI+HDOWK(TXLW\DQG([FHOOHQFH/LEHUDWLQJWKH
DGGVWKDWSUDFWLWLRQHUVPXVWEHDEOHWRUHFRJQLVHWKHLUOLPLWDWLRQV 1+6$YDLODEOHDWZZZJRYXNJRYHUQPHQWSXEOLFDWLRQVOLEHUDWLQJ
WKHQKVZKLWHSDSHUDFFHVVHG
DQGXQGHUWDNHDSSURSULDWHOHDUQLQJDQGSUDFWLFHDFWLYLWLHVWKDW
PDLQWDLQDQGGHYHORSFRPSHWHQFHDQGSHUIRUPDQFH 'HSDUWPHQWRI+HDOWK4XDOLW\,QQRYDWLRQ3URGXFWLYLW\DQG
3UHYHQWLRQ4,33$YDLODEOHDWZZZJRYXNJRYHUQPHQWSROLFLHV
PDNLQJWKHQKVPRUHHI¿FLHQWDQGOHVVEXUHDXFUDWLFDFFHVVHG
$VVXFKSUDFWLWLRQHUVPXVWPDLQWDLQWKHLUNQRZOHGJHDQG 
VNLOOVWKURXJKFRQWLQXLQJSURIHVVLRQDOGHYHORSPHQW7KLVFDQ
'RZVHWW&8VHRI7,0(WRLPSURYHFRPPXQLW\QXUVHV¶ZRXQG
EHDFKLHYHGWKURXJKDWWHQGLQJOHDUQLQJHYHQWVVWXG\GD\V FDUHNQRZOHGJHDQGSUDFWLFH:RXQGV8.±
DQGXQLYHUVLW\FRXUVHVRUWKURXJKUHDGLQJMRXUQDODUWLFOHVDQG
)DODQJD9:RXQGEHGSUHSDUDWLRQVFLHQFHDSSOLHGWRSUDFWLFH
WH[WERRNV7KHUHVKRXOGEHDSHULRGRIVWUXFWXUHGUHÀHFWLRQ ,Q(XURSHDQ:RXQG0DQDJHPHQW$VVRFLDWLRQ3RVLWLRQ'RFXPHQW
IROORZLQJHDFKSLHFHRIVWXG\WRGHPRQVWUDWHOHDUQLQJDQGWR :RXQG%HG3UHSDUDWLRQLQ3UDFWLFH0(3/RQGRQ$YDLODEOHDW
FRQVLGHUKRZSUDFWLFHZLOOEHDIIHFWHG6KDGRZLQJVSHFLDOLVWV ZZZZRXQGVLQWHUQDWLRQDOFRPDFFHVVHG
LQWLVVXHYLDELOLW\FDQKHOSWRGHYHORSNQRZOHGJHDQGVNLOOV )OHWFKHU-'HYHORSPHQWRIDQHZZRXQGDVVHVVPHQWIRUP
,QGXVWU\UHSUHVHQWDWLYHVFDQDOVRSURYLGHXVHIXOLQIRUPDWLRQWKDW :RXQGV8.±
UHODWHVWRWKHLUSURGXFWVDQGSURYLGHWKHHYLGHQFHWRVXSSRUWWKHLU +DUGLQJ.*HWDO%HVW3UDFWLFH6WDWHPHQW2SWLPLVLQJ:RXQG
XVH &DUH:RXQGV8.
/HDSHU'-6FKXOW]*&DUYLOOH.HWDO([WHQGLQJWKH7,0(
FRQFHSWZKDWKDYHZHOHDUQHGLQWKHSDVW\HDUV",QW:RXQG-
%(1(),762)$335235,$7('5(66,1* 6XSSO±
6(/(&7,21 1DWLRQDO3UHVVXUH8OFHU$GYLVRU\3DQHO3UHVVXUH8OFHU6FDOH
$SSURSULDWHFKRLFHRIZRXQGSURGXFWUHTXLUHVDYDULHW\RI IRU+HDOLQJ386+138$3:DVKLQJWRQ'&
VNLOOVLQFOXGLQJDQXQGHUVWDQGLQJRIWKHZRXQGKHDOLQJSURFHVV 1XUVLQJDQG0LGZLIHU\&RXQFLO7KH&RGH6WDQGDUGVRI
NQRZOHGJHRIWKHUDQJHRIZRXQGGUHVVLQJSURGXFWVDYDLODEOH &RQGXFW3HUIRUPDQFHDQG(WKLFVIRU1XUVHVDQG0LGZLYHV$YDLODEOH
DQGWKHLUDFWLRQRQWKHZRXQGEHGFOHDUDQGHIIHFWLYHZRXQG DWZZZQPFXNRUJ1XUVHVDQGPLGZLYHV6WDQGDUGVDQGJXLGDQFH
7KHFRGH7KHFRGHLQIXOODFFHVVHG
EHGDVVHVVPHQWDQGLQGLYLGXDODVVHVVPHQWGDWHVIRUFRQWLQXHG
HYDOXDWLRQRIZRXQGSURJUHVVLRQ$SSURSULDWHDVVHVVPHQW 2XVH\.&RRN/8QGHUVWDQGLQJWKHLPSRUWDQFHRIKROLVWLF
ZRXQGDVVHVVPHQW3UDFW1XUVH±
DQGZRXQGSURGXFWVHOHFWLRQZLOOHQFRXUDJHZRXQGKHDOLQJ
UHGXFHWKHULVNRILQIHFWLRQPLQLPLVHSDLQDQGPDQDJHH[XGDWH 2XVH\.&RRN/:RXQGDVVHVVPHQWPDGHHDV\:RXQGV8.
6KRUQH\DQG2XVH\UHVXOWLQJLQLPSURYHGSDWLHQW $YDLODEOHIURPZZZZRXQGVXNFRPPDGHHDV\
RXWFRPHVDQGUHGXFHGFRVWV2XVH\DQG&RRN 3RVQHWW-*RWWUXS)/XQGJUHQ+6DDO*7KHUHVRXUFHLPSDFWRI
ZRXQGVRQKHDOWKFDUHSURYLGHUVLQ(XURSH-:RXQG&DUH±
6FKXOW]*66LEEDOG5*)DODQJD9HWDO:RXQGEHG
6800$5< SUHSDUDWLRQDV\VWHPDWLFDSSURDFKWRZRXQGPDQDJHPHQW:RXQG
5HSDLU5HJHQ6XSSO6±6
:RXQGDVVHVVPHQWLVDIXQGDPHQWDODVSHFWRIZRXQG
PDQDJHPHQW3UDFWLWLRQHUVQHHGWRHQVXUHWKH\KDYHWKH 6KHSKHUG-1L[RQ06WDQGDUGLVLQJZRXQGFDUHGRFXPHQWDWLRQ
LQFOLQLFDOSUDFWLFH7KH:RXQG+HDOLQJ$VVHVVPHQWDQG0RQLWRULQJ
NQRZOHGJHDQGVNLOOVWRXQGHUWDNHKROLVWLFDVVHVVPHQWRIWKH :+$0WRRO:RXQGV8.±
SDWLHQWDQGWKHZRXQG,IWKHSUDFWLWLRQHUGRHVQRWSRVVHVVWKH
6KRUQH\52XVH\.7LVVXHYLDELOLW\WKH4,33FKDOOHQJH
LQGHSWKNQRZOHGJHDQGVNLOOVWKH\PXVWUHIHUWRDQDSSURSULDWH &OLQLFDO6HUYLFHV-RXUQDO-XQH±
VSHFLDOLVWSUDFWLWLRQHUIRUDGYLFH


 Wounds UK

&DVHVWXG\WRGHPRQVWUDWHWKHLPSRUWDQFHRIDVVHVVPHQWRYHUWLPHDQGRSWLPDOGUHVVLQJVHOHFWLRQ

3DWLHQWKLVWRU\
3DWLHQW%D\HDUROGPDQZDVUHIHUUHGWRWKH7LVVXH9LDELOLW\1XUVH791ZLWKDSRVVLEOH&DWHJRU\SUHVVXUHXOFHUDQG
VXVSHFWHGGHHSWLVVXHLQMXU\WRWKHVDFUDODUHD+HKDGDKLVWRU\RIWUDQVLHQWLVFKDHPLFDWWDFNVDQGKDGUHFHLYHGDSDFHPDNHU
IROORZLQJHSLVRGHVRIDWULDOHFWRSLFWDFK\FDUGLDZLWKYHQWULFXODUEORFNV7KHSDWLHQWZDVDGPLWWHGZLWKDS\UH[LDDQGFRQIXVLRQ
DQGZDVODWHUGLDJQRVHGZLWKDORZHUUHVSLUDWRU\WUDFWLQIHFWLRQ3ULRUWRDGPLVVLRQWKHSDWLHQWKDGOLYHGDWKRPHLQGHSHQGHQWO\
ZLWKKLVZLIHDQGPRELOLVHGXVLQJDZKHHOHGZDONHU

2QDGPLVVLRQWKHSDWLHQWKDGD%UDGHQ6FRUHRIDQGZDVEHLQJQXUVHGRQDSUHVVXUHUHOLHYLQJIRDPPDWWUHVV8QIRUWXQDWHO\
WKHSDWLHQW¶VKHDOWKGHWHULRUDWHGZKLFKUHVXOWHGLQUHGXFHGPRELOLW\+HDOVREHFDPHVOLJKWO\XQFRRSHUDWLYHZKHQWKHQXUVHV
WULHGWRUHSRVLWLRQKLP
)LJXUH2QSUHVHQWDWLRQZHHN
$WWKLVLQLWLDOSUHVHQWDWLRQWKHZDUGVWDIIGUHVVHGWKHZRXQGZLWKD
VLOLFRQHIRDPGUHVVLQJDVKHZDVGRXEO\LQFRQWLQHQW7KLVZDVWRSUHYHQW
FRQWDPLQDWLRQRIWKHZRXQGIURPIDHFHVDQGXULQHDQGWRPLQLPLVHFRQWDFW
ZLWKH[FHVVPRLVWXUH'UHVVLQJVZHUHFKDQJHGDVRIWHQDVUHTXLUHG7KHVWDII
FRPPHQFHGDWZRKRXUO\UHSRVLWLRQLQJUHJLPHQDQGWKH\IROORZHGWKH7UXVW
SURWRFRORIQRVLWWLQJRXWLQDFKDLU7KHSDWLHQW¶VPDWWUHVVZDVDOVRXSJUDGHG
WRDQDOWHUQDWLQJSUHVVXUHUHOLHYLQJPDWWUHVV)ROORZLQJDQXWULWLRQDO
DVVHVVPHQWWKHSDWLHQWZDVFRPPHQFHGRQSURWHLQVXSSOHPHQWGULQNV
8QIRUWXQDWHO\WKHZRXQGGHWHULRUDWHGRYHUWKHFRXUVHRIRQHZHHN

)LJXUH2QHZHHNODWHUZHHN
2QDVVHVVPHQWWKHZRXQGEHGFRQWDLQHGQHFURWLFWLVVXHDQGVORXJK
7KHUHZDVDOVRPDFHUDWLRQDQGHU\WKHPDRIWKHVXUURXQGLQJVNLQ7KH791
FDWHJRULVHGWKHZRXQGDVD&DWHJRU\SUHVVXUHXOFHUWRWKHVDFUDODUHDZLWK
SRVVLEOHGHHSWLVVXHLQMXU\WKDWFRXOGGHWHULRUDWHWRD&DWHJRU\SUHVVXUHXOFHU
7KHSDWLHQWXQGHUZHQWDIXUWKHUULVNDVVHVVPHQWDQGLWZDVIRXQGWKDWKLV%UDGHQ
6FRUHKDGFKDQJHGWRKHKDGDORZ%0,RIDQGKHZDVLPPRELOHDQG
GRXEO\LQFRQWLQHQW

,WZDVGHFLGHGWRWUHDWWKHZRXQGZLWKDK\GURJHO$FWLY+HDOŠ+\GURJHOWR

SURPRWHDXWRO\WLFGHEULGHPHQWUHK\GUDWHWKHVORXJK\QHFURWLFWLVVXHDQGSURYLGH
DQRSWLPXPPRLVWZRXQGKHDOLQJHQYLURQPHQW$WKUHHOD\HUSRO\XUHWKDQHIRDP
GUHVVLQJZLWKDSHUIRUDWHGDGKHVLYHZRXQGFRQWDFWOD\HU$FWLY+HDOŠ)RDP
&RQWDFWZDVDSSOLHGDVDVHFRQGDU\GUHVVLQJWRHQVXUHWKDWWKHGUHVVLQJUHPDLQHG
LQSODFHZKLOHDOVRKHOSLQJWRSUHYHQWFRQWDPLQDWLRQIURPXULQHDQGIDHFHV7KH
IRDPGUHVVLQJ¶VRXWHUZDWHUSURRIOD\HUDOVRDFWHGDVDEDFWHULDOEDUULHU,WZDV
UHFRPPHQGHGWKDWWKHGUHVVLQJEHFKDQJHGHYHU\RQHWRWZRGD\VGHSHQGHQWRQ
WKHQXPEHURILQFRQWLQHQWHSLVRGHV

)LJXUHZHHNVODWHUZHHN
7KHSDWLHQWZDVUHYLHZHGZHHNO\$IWHUWZRZHHNVWKHZRXQGKDGVKRZHG
VRPHLPSURYHPHQW7KHUHZDVQRZDURXQGJUDQXODWLRQWLVVXH
VORXJKDQGVRIWQHFURWLFWLVVXH7KHUHZDVVWLOOHU\WKHPDWRWKH
VXUURXQGLQJVNLQDQGVRPHH[FRULDWLRQ7KHH[XGDWHOHYHOVKDGLQFUHDVHG
IURPORZWRPHGLXP)ROORZLQJUHDVVHVVPHQWWKHGUHVVLQJZDVFKDQJHGWR
DKLJKO\DEVRUEHQW¿EURXVGUHVVLQJ$FWLY+HDO$TXD¿EHUŠDVWKHSULPDU\
GUHVVLQJ7KHDLPZDVWRFRQWLQXHWRUHPRYHWKHGHYLWDOLVHGWLVVXHWKURXJK
DXWRO\WLFGHEULGHPHQWDQGWRPDLQWDLQDPRLVWZRXQGHQYLURQPHQWWKURXJK
HIIHFWLYHH[XGDWHPDQDJHPHQW7KHIRDPGUHVVLQJ$FWLY+HDOŠ)RDP&RQWDFW
FRQWLQXHGWREHXVHGDVDVHFRQGDU\GUHVVLQJWRDLGIXUWKHUPDQDJHPHQWRIWKH
H[XGDWHDQGWRPDLQWDLQDPRLVWZRXQGHQYLURQPHQW'UHVVLQJFKDQJHVZHUH
UHGXFHGWRWZLFHZHHNO\DVHSLVRGHVRILQFRQWLQHQFHKDGVHWWOHG


 2SWLPLVLQJWKHSDWLHQWMRXUQH\ made
easy

)LJXUH2QHZHHNODWHUZHHN
)ROORZLQJUHDVVHVVPHQWWKHZRXQGZDVFDWHJRULVHGDVD&DWHJRU\
SUHVVXUHXOFHU7KHZRXQGVKRZHGHYLGHQFHRIKHDOLQJZLWKDUHDVRI
HSLWKHOLDOLVDWLRQDWWKHZRXQGHGJHVDQGJUDQXODWLRQWLVVXH7KHUH
ZDVDSSUR[LPDWHO\VORXJKDQGH[XGDWHOHYHOVZHUHQRZKLJK7KH
VXUURXQGLQJVNLQVKRZHGFOHDUVLJQVRILPSURYHPHQWDVWKHUHZDVQR
PDFHUDWLRQRUDUHDVRIH[FRULDWLRQYLVLEOH)ROORZLQJUHDVVHVVPHQWRIWKH
ZRXQGWKHKLJKO\DEVRUEHQW¿EURXVGUHVVLQJ$FWLY+HDO$TXD¿EHUŠZDV
FRQWLQXHGDVWKHSULPDU\GUHVVLQJDQGZDVORRVHO\SDFNHGLQWRWKHFDYLW\
DQGXQGHUPLQHGDUHDVWRHQDEOHLQWLPDWHFRQWDFWZLWKWKHZRXQGEHG7KH
DLPZDVWRIDFLOLWDWHJRRGH[XGDWHFRQWURODQGPDLQWDLQDPRLVWZRXQG
KHDOLQJHQYLURQPHQW7KHIRDPGUHVVLQJ$FWLY+HDOŠ)RDP&RQWDFWZDV
FRQWLQXHGDVDVHFRQGDU\GUHVVLQJWRHQVXUHWKHGUHVVLQJUHPDLQHGLQSODFH
ZKLOHDOVRDVVLVWLQJLQWKHPDQDJHPHQWRIH[XGDWH

)LJXUH2QHPRQWKODWHUZHHN
)ROORZLQJWZLFHZHHNO\GUHVVLQJFKDQJHVWKHZRXQGFRQWLQXHGWR
SURJUHVVDQGDWRQHPRQWKODWHUWKHUHZDVRQO\VORXJKQRZYLVLEOHDQG
JUDQXODWLRQWLVVXH7KHUHZHUHDOVRDUHDVRIHSLWKHOLDOWLVVXHDQGWKH
VXUURXQGLQJVNLQUHPDLQHGKHDOWK\ZLWKQRVLJQVRILQIHFWLRQ8QGHUPLQLQJ
WRWKHSUR[LPDODUHDRIWKHZRXQGKDGKHDOHGDQGWKHUHZDVRQO\DFP
DUHDRIXQGHUPLQLQJWRWKHGLVWDOSDUWRIWKHZRXQG7KHGUHVVLQJUHJLPHQ
ZDVFRQWLQXHG7KHSDWLHQWZDVGLVFKDUJHGWRDQXUVLQJKRPH

2XWFRPHV
7KHPDLQFKDOOHQJHVIRUWKLVZRXQGZHUHWRUHPRYHWKHGHYLWDOLVHGWLVVXHHIIHFWLYHO\DLGDXWRO\VLVDQGPDLQWDLQDPRLVW
ZRXQGKHDOLQJHQYLURQPHQW$FFXUDWHDVVHVVPHQWRIWKHSDWLHQWDQGWKHZRXQGDWHYHU\GUHVVLQJFKDQJHSURYLGHGDQ
XQGHUVWDQGLQJRIWKHSULPDU\WUHDWPHQWDLPVDQGDKROLVWLFDVVHVVPHQWRIWKHSDWLHQWZKLFKUHVXOWHGLQDVXFFHVVIXOSDWLHQW
RXWFRPH

&DVHVWXG\SURYLGHGE\&DURO\QQH6LQFODLU7LVVXH9LDELOLW\1XUVH&RXQWHVVRI&KHVWHU)RXQGDWLRQ1+67UXVW

9RZGHQ3+DUGWRKHDOZRXQGVPDGHHDV\:RXQGV

$87+25'(7$,/6 ,QWHUQDWLRQDO$YDLODEOHIURPZZZZRXQGVLQWHUQDWLRQDOFRP
:RXQGV,QWHUQDWLRQDO,QWHUQDWLRQDOFRQVHQVXV2SWLPLVLQJ
.DUHQ2XVH\ DQG/HDQQH$WNLQ
  ZHOOEHLQJLQSHRSOHOLYLQJZLWKDZRXQG$QH[SHUWZRUNLQJ
JURXSUHYLHZ$YDLODEOHDWZZZZRXQGVLQWHUQDWLRQDOFRPSGI
 5HDGHU6FKRRORI+XPDQDQG+HDOWK6FLHQFHV FRQWHQWBSGIDFFHVVHG
&HQWUHIRU+HDOWKDQG6RFLDO&DUH5HVHDUFK :RUOG8QLRQRI:RXQG+HDOLQJ6RFLHWLHV3ULQFLSOHVRI%HVW
8QLYHUVLW\RI+XGGHUV¿HOG4XHHQVJDWH 3UDFWLFH'LDJQRVWLFVDQG:RXQGV$&RQVHQVXV'RFXPHQW0(3/WG
+XGGHUV¿HOG<RUNVKLUH /RQGRQ
 /HFWXUHU3UDFWLWLRQHU6FKRRORI+XPDQDQG+HDOWK
6XSSRUWHGE\$GYDQFHG0HGLFDO
6FLHQFHV&HQWUHIRU+HDOWKDQG6RFLDO&DUH
6ROXWLRQV
5HVHDUFK8QLYHUVLW\RI+XGGHUV¿HOG4XHHQVJDWH
KWWSZZZDGPHGVROFRP
+XGGHUV¿HOG<RUNVKLUH