High Performance Investment Fund holds two main portfolios of debt securities. Both


portfolios provide cash flows that meet the test of being solely payments of interest and

principal inĀ IFRS 9. Securities held in portfolio A are sold on a regular basis based on

movements in the prices of the securities in the portfolio. Securities held in portfolio B are

also sold, but only when there has been a decline in the credit rating of the relevant issuer

OR in certain other limited circumstances.

How should High Performance account for portfolios A and B in accordance with