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Barclays Fund PLC Multi-Manager Wealth Management Barclays Multi-Manager Fund PLC Interim Report & Unaudited Financial Statements for the six months ended 30 November 2017 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Contents Page Organisation 1 Background to the Company 6 Investment Manager's Report for the six months ended 30 November 2017 28 Statement of Comprehensive Income 37 Statement of Financial Position 43 Statement of Changes in Net Assets Attributable to Holders of Redeemable Participating Shares 49 Statement of Cash Flows 55 Notes to the Unaudited Financial Statements 61 Schedule of Investments as at 30 November 2017: GlobalAccess UK Alpha Fund 111 GlobalAccess UK Opportunities Fund 123 GlobalAccess Global Government Bond Fund 131 GlobalAccess Pacific Rim (ex-Japan) Fund 147 GlobalAccess Emerging Market Equity Fund 162 GlobalAccess Global High Yield Bond Fund 192 GlobalAccess Global Corporate Bond Fund 237 GlobalAccess Global Inflation Linked Bond Fund 282 GlobalAccess Emerging Market Debt Fund 296 GlobalAccess Global Property Securities Fund 329 GlobalAccess Global Short Duration Bond Fund 338 GlobalAccess US Small & Mid Cap Equity Fund 358 GlobalAccess US Value Fund 379 GlobalAccess Global Equity Income Fund 390 GlobalAccess Emerging Market Local Currency Debt Fund 418 GlobalAccess Europe (ex-UK) Alpha Fund 429 GlobalAccess Japan Fund 444 Schedule of Portfolio Changes for the six months ended 30 November 2017: GlobalAccess UK Alpha Fund 454 GlobalAccess UK Opportunities Fund 456 GlobalAccess Global Government Bond Fund 458 GlobalAccess Pacific Rim (ex-Japan) Fund 460 GlobalAccess Emerging Market Equity Fund 462 GlobalAccess Global High Yield Bond Fund 464 GlobalAccess Global Corporate Bond Fund 466 GlobalAccess Global Inflation Linked Bond Fund 468 GlobalAccess Emerging Market Debt Fund 470 GlobalAccess Global Property Securities Fund 472 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Contents (Continued) Page Schedule of Portfolio Changes for the six months ended 30 November 2017 (continued): GlobalAccess Global Short Duration Bond Fund 474 GlobalAccess US Small & Mid Cap Equity Fund 476 GlobalAccess US Value Fund 478 GlobalAccess Global Equity Income Fund 480 GlobalAccess Emerging Market Local Currency Debt Fund 482 GlobalAccess Europe (ex-UK) Alpha Fund 484 GlobalAccess Japan Fund 486 Appendix 1 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Organisation Directors of the Company Investment Manager & Promoter Registered Office Seán Blake (Irish)* Barclays Bank PLC 6th Floor David Kingston (Irish)* Acting through its Wealth and 2 Grand Canal Square Hugh Paul Shovlin (Irish)* Investment Management Division Dublin 2 Kishor Mandalia (UK) 1 Churchill Place Ireland Canary Wharf *Independent Directors London E14 5HP United Kingdom Depositary Administrator, Registrar Independent Auditors Northern Trust Fiduciary Services and Transfer Agent PricewaterhouseCoopers (Ireland) Limited Northern Trust International Fund One Spencer Dock Georges Court Administration Services (Ireland) North Wall Quay 54-62 Townsend Street Limited Dublin 1 Dublin 2 Georges Court Ireland Ireland 54-62 Townsend Street Dublin 2 Ireland Secretary Irish Legal Advisor Wilton Secretarial Limited William Fry Solicitors 6th Floor 6th Floor 2 Grand Canal Square 2 Grand Canal Square Dublin 2 Dublin 2 Ireland Ireland Registered No: 390324 1 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Organisation (Continued) Distributors Barclays Bank PLC Barclays Bank (Suisse) SA Barclays Bank PLC 1 Churchill Place 18-20 chemin de Grange Jersey Branch Canary Wharf Canal, PO Box 3941 13 Library Place London E14 5HP CH-1211 St Helier United Kingdom Geneva 3, Jersey Switzerland JE4 8NE Channel Islands Barclays Bank PLC Barclays Bank PLC SMBC Nikko Securities Inc. Guernsey Branch Isle of Man Branch 3-1 Marunouchi 3-chome Le Marchant House Barclays House Chiyoda-ku St Peter Port Victoria Street Tokyo Guernsey Douglas Japan GY1 3BE Isle of Man Channel Islands IM99 1AJ Sub-Investment Managers AllianceBernstein Arrowstreet Capital, L.P. Artemis Fund Managers Limited Devonshire House 200 Clarendon Street 42 Melville Street One Mayfair Place The John Hancock Centre Edinburgh London W1J 8AJ 30th Floor EH3 7HA United Kingdom Boston 02116-5021 United Kingdom USA Barrow, Hanley, Baillie Gifford & Co. BlackRock Inc. Mewhinney & Strauss Calton Square 55 East 52nd Street JP Morgan Chase Tower 1 Greenside Row New York 2200 Ross Avenue, 31st Floor Edinburgh NY 10055 Dallas EH1 3AN USA TX 75201 United Kingdom USA BNY Mellon ARX Investimentos Brandywine Global Investment Ceredex Value Advisors LLC Avenue Borges de Medeiros Management LLC 333 Piedmont Road NE 633 4o andar 2929 Arch Street Suite 1500 Offices Shopping Leblon 8th Floor Atlanta Rio de Janeiro Philadelphia GA 30305 CEP 22430-041 PA 19104 USA Brazil USA USA Colchester Global Investors Fidelity Worldwide Investment Hermes Investment 20 Savile Row FIL Pensions Management Management Limited London W1S 3PR Oakhill House Lloyds Chambers United Kingdom 130 Tonbridge Road 1 Portsoken Street Hildenborough London E1 8HZ Kent TN11 9DZ United Kingdom United Kingdom Heronbridge Investment Invesco Asset Management Jackson Square Partners, LLC Management LLP 43-45 Portman Square 101 California Street 1 Queen Street Marylebone Suite 3750 Bath BA1 1HE London San Francisco United Kingdom W1H6LY CA 94111 USA 2 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Organisation (Continued) Sub-Investment Managers (Continued) J O Hambro Capital Jupiter Asset Management Kennedy Capital Management Management Limited Limited 10829 Olive Boulevard Ground Floor 1 Grosvenor Place Suite 100 14 Ryder Street London SW1X 7JJ Saint Louis London SW1Y 6QB United Kingdom Missouri 63141 United Kingdom USA Kleinwort Benson Investors Lazard Asset Management Lindsell Train Limited 3rd Floor Limited 2 Queen Anne's Gate Buildings 2 Harbourmaster Place 50 Stratton Street Dartmouth Street IFSC London W1J 8LL London SW1H 9BP Dublin 1 United Kingdom United Kingdom Ireland London Company of Virginia LLC Majedie Asset Management Nomura Corporate Research and 1800 Bayberry Court 10 Old Bailey Asset Management, Inc. Suit 301 London EC4M 7NG 2 World Financial Center Richmond United Kingdom Building B VA 23226 New York USA NY 10281-1198 USA Oaktree Capital Management L.P. Old Mutual Global Investors Payden & Rygel 333 South Grand Avenue 2 Lambeth Hill 333 South Grand Avenue 28th Floor London EC4P 4WR 32nd Floor Los Angeles United Kingdom Los Angeles CA 90071 CA90071 USA USA USA PIMCO Europe Ltd Principal Global Investors Pzena Investment 103 Wigmore Street (Europe) Limited Management, LLC London W1U 1QS Level 1 120 West 45th Street United Kingdom 1 Wood Street 20th Floor London EC2V 7JB New York United Kingdom NY 10036 USA Schroders Investment Somerset Capital Standard Life Management (Japan) Ltd Management LLP Investments 31 Gresham Street 28 Ely Place 1 George Street London WC2V 7QA London EC1N 6TD Edinburgh EH2 2LL United Kingdom United Kingdom United Kingdom Stone Harbor Investment T.Rowe Price Wellington Management Partners (UK) LLP 100 East Pratt Street Company LLP 48 Dover Street Baltimore 75 State Street 5th Floor Maryland 21202 Boston London W1S 4FF USA MA02109 United Kingdom USA 3 Barclays Multi-Manager Fund PLC Interim Report and Unaudited Financial Statements 2017 Organisation (Continued) Sales Agents Allfunds Bank Allfunds Bank AXA Isle Of Man Limited C/Estafeta, 6 La Moraleja 2-8 Avenue Charles De Gaulle Royalty House Complejo Plaza De La Fuente L-1653 Walpole Avenue Edificio 3 Luxembourg IM1 2SL 28109 Alcobendas Madrid Douglas Spain Isle of Man Bankinter S.A. Barclays Wealth Nominees Barclaytrust Channel Islands (Portugal Branch) Limited Limited AV Colegio Militar - Torre Oriente 1 Churchill Place 39/41 Broad Street 37F 13 Floor Canary Wharf St. Helier 1500-180 Lisbon London E14 5HP Jersey Portugal United Kingdom JE4 8PU Channel Islands Bank of Singapore Limted BNP Paribas Securities Services CA Indosuez Wealth Management 63 Market Street 60 Avenue J.F Kennedy Quai Du General Guisan 4 #22-00 Bank of Singapore Centre L-1855 CH-1204 Geneva Singapore 048942 Luxembourg Switzerland Caceis Bank France Clearstream Banking S.A. Cofunds Nominees Limited 1-3 Place Valhubert 42 Avenue J.F Kennedy 1 Coleman Street 75013 Paris L-1855 London EC2R 5AA France Luxembourg United Kingdom Fil Nominee (Shareholdings) Fundsettle EOC Nominees Limited The Northern Trust Limited 33 Cannon Street Company (AVFC) Oakhill House London EC4M 5SB c/o Nortrust Nominees Limited 130 Tonbridge Road United Kingdom 50 Bank Street Hildenborough Canary Wharf United Kingdom United Kingdom Nortrust Nominees Limited Pictet & Cie R C Greig Nominees Limited 50 Bank Street Route des Acacias 60 c/o Gerrard Nominees Limited Canary Wharf CH-1211 Genève 73 155 St. Vincent Street London E14 5NT Switzerland Glasgow United Kingdom G2 5NN United Kingdom RBC Investor Services Bank S.A. SMBC Nikko Securities Inc. St Ann's Square Nominees Limited 14 Porte de France 3-1 Marunouchi 3-Chome Henry Pilling House L-4360, Esch-sur-Alzette Chiyoda Ku Booth Street Luxembourg 100-8325 Manchester M2 4AF Tokyo United Kingdom Japan Transact Nominees Limited Vestra Nominees Limited Zeban Nominees Limited 29 Clements Lane 14 Cornhill 1 Churchill Place London EC4N 7AE London EC3V 3NR Canary Wharf United Kingdom United Kingdom London E14 5HP United Kingdom 4 Barclays
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