AMUNDI FUNDS
SICAV with sub-funds under Luxembourg law
Unaudited semi-annual report as at 31/12/13
A company of Crédit Agricole / Société Générale
AMUNDI FUNDS
Unaudited semi-annual report
R.C.S. Luxembourg B 68.806
For the period from 01/07/13 to 31/12/13
No subscription can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the current offering prospectus supplemented by the last available annual
report of the SICAV and the unaudited semi-annual report if published after such annual report and the most recent Key Investor Information Document relating to the relevant sub-fund.
Additional information concerning the representation and distribution of the Fund in Hong Kong as at 31 December 2013:
Residents in Hong Kong please note that the following sub-funds are not currently authorised in Hong Kong and accordingly not available to the Hong Kong Residents:
Equities:
Equity Euroland Value / Equity Global Alpha1 /Equity Japan Target / Equity US Concentrated Core / Equity US Growth2 / Equity US Relative Value / Equity Japan Value / Equity Euro Select / Equity
Europe Select / Equity Euroland Small Cap / Equity Europe Restructuring1 / Equity India Select / Equity Emerging Anti-Benchmark / Equity Emerging Minimum Variance / Equity Europe Minimum
Variance / Equity Global Minimum Variance / Equity World Anti-Benchmark.
Bonds:
Convertible Europe / Bond Euro Aggregate / Bond Euro Government / Bond Euro Inflation / Bond Euro High Yield Short Term / Bond Global Corporate / Bond US Opportunistic Core Plus / Bond
Europe / Bond Global Aggregate / Bond Global Inflation / Bond Enhanced RMB / Bond Asian Local Debt / Bond Emerging Inflation / Bond Global Emerging Corporate.
Multi Asset:
Multi Asset Emerging Markets.
Indexed:
Index Equity Emerging Markets / Index Equity Euro / Index Equity Europe / Index Equity North America / Index Equity Pacific / Index Equity World / Index Global Bond (EUR) Hedged.
Absolute Return:
Absolute Forex / Absolute Bonds & Currencies / Absolute Global Macro 2 / Absolute Global Macro 4 / Absolute Statistical Arbitrage / Absolute Equity Market Neutral / Absolute High Yield / Absolute
Volatility Arbitrage / Absolute Volatility Arbitrage Plus / Absolute Volatility Euro Equities / Absolute Volatility World Equities / Absolute Global Dividend.
No subscription can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of the current offering prospectus supplemented by the last available annual
report of the SICAV and the unaudited semi-annual report if published after such annual report and the most recent Key Investor Information Document relating to the relevant sub-fund.
For all sub-funds authorized in Hong Kong, please note that the shares
AE-MD, AHE, AHE-MD, AHU, AU-MD, FE, FE-MD, FHE, FHE-MD, FU, IHE, IHU, I2, I4, I8, I9, I10, ME, MHE, MU, OE, OHE, OR, ORHE, OU, O1, PU, RE, RG, RHE, RHG, RU, SE, SE-MD, SHE,
SHE-MD, SU, XE, XU are not authorized in Hong Kong.
For all the sub-funds authorized in Hong Kong, please note that the shares AE and IE are not authorized in Hong Kong excepted for the sub-funds Cash EUR and Equity Global Aqua.
For all the sub-funds authorized in Hong Kong, please note that the shares AU and IU are not authorized in Hong Kong excepted for the sub-funds Cash USD, Equity Korea and Equity Thailand.
1
2
These sub-funds have been merged as at 15 November 2013.
This sub-fund has been merged as at 17 September 2013.
Table of Contents
Page
6
Organisation
Portfolios details as at 31/12/13:
Equities
Equity Euroland Value
9
Equity Japan Target
10
Bond Global Aggregate
Bond Global
Equity US Concentrated Core1
12
Equity Global Select
14
Bond Asian Local Debt6
17
Bond Global Emerging
Equity US Relative Value
13
Equity Japan Value
15
Equity Euro Select
Equity Europe Select
18
Equity Euroland Small Cap
19
Equity Global Gold Mines
Equity Global Luxury and Lifestyle
Equity Global Agriculture
Equity Global Resources
20
21
22
23
Equity ASEAN
24
Equity Asia ex Japan
25
Equity Brazil
27
Equity Emerging Europe
Equity Emerging Internal Demand
Equity Emerging World
29
30
34
Bond Global Inflation
Bond Enhanced RMB5
Bond Emerging Inflation
Bond Global Emerging Corporate
Multi Asset
Multi Asset Emerging Markets
Indexed
Index Equity Emerging Markets7
Index Equity Euro
Index Equity Europe
Index Global Bond (EUR) Hedged9
Absolute Forex
45
Absolute Global Macro 2
Equity India Infrastructure
Equity Korea
46
Equity Latin America
47
Equity Thailand
49
Equity Global Aqua
Equity World Anti-Benchmark
Bonds
57
59
Convertible Europe
61
Bond Euro Aggregate
66
Convertible Global
Bond Euro Corporate
Bond Euro Government
Bond Euro Inflation
Bond Euro High Yield
Bond Euro High Yield Short Term
Bond Global Corporate
Bond US Opportunistic Core Plus
Bond Europe
1
2
3
4
5
6
7
8
9
10
11
63
70
73
74
75
79
81
83
88
108
116
119
131
149
151
Absolute Global Macro 4
155
Absolute Statistical Arbitrage
153
157
Absolute Equity Market Neutral11
158
Absolute Volatility Arbitrage
160
Absolute Volatility Arbitrage Plus
55
103
152
53
Equity Europe Minimum Variance
Equity Global Minimum Variance4
3
101
Absolute Bonds & Currencies10
Absolute High Yield
51
Equity Emerging Minimum Variance
Absolute
50
Equity Emerging Anti-Benchmark2
99
100
136
8
43
44
98
Index Equity World
Index Equity Pacific
Equity India
Equity India Select
96
97
124
39
41
94
Index Equity North America
Equity MENA
Equity Greater China
90
Absolute Volatility Euro Equities
Absolute Volatility World Equities
Absolute Global Dividend
Cash
Cash EUR
Cash USD
Accounts:
159
162
164
165
167
168
170
Statement of Net Assets
172
Statement of Operations and Changes in Net Assets
260
Financial Details Relating to the Last 3 Years
Notes to the Financial Statements as at 31/12/13
Notices and Reports
Additional Information
Amundi Funds Equity US Growth has been merged into Amundi Funds Equity US Concentrated Core on September 17, 2013 on the basis of the NAV dated September 16, 2013.
This Sub-Fund was launched on November 29, 2013 following the merger with Amundi SIF Equity Emerging Anti-Benchmark.
Amundi Funds Equity Europe Restructuring has been merged into Amundi Funds Equity Europe Minimum Variance on November 15, 2013 on the basis of the NAV dated November 14, 2013.
Amundi Funds Equity Global Alpha has been merged into Amundi Funds Equity Global Minimum Variance on November 15, 2013 on the basis of the NAV dated November 14, 2013.
This Sub-Fund was launched at July 12, 2013 by the merger of Amundi SIF RMB Enhanced Bond Fund.
Amundi Funds Bond Asian Local Debt was activated on September 20, 2013 following the merger with Structura Asian Local Debt.
This sub-fund has been launched on December 13, 2013.
This sub-fund has been launched on December 16, 2013.
This Sub-Fund is not an index-tracking Sub-Fund within the meaning of the article 44 of the Law dated December 17, 2010.
This sub-fund has been launched on December 16, 2013.
This Sub-Fund was activated on July 26, 2013 following the merger of Structura Equity Style Arbitrage.
198
286
316
317
Organisation
DENOMINATION AND REGISTERED OFFICE
Amundi Funds
5, Allée Scheffer,
L-2520 Luxembourg
MANAGEMENT COMPANY
Amundi Luxembourg S.A.
5, Allée Scheffer,
L-2520 Luxembourg
BOARD OF DIRECTORS
Directors
Etienne CLEMENT
Deputy Chief Executive Officer, Strategic Marketing Manager
Amundi, Paris
Jean-François PINÇON
Deputy Global Head of Sales
Amundi, Paris
Guillaume ABEL
Global Head of Marketing and communication Institutional and Third party Distributors
Amundi, Paris
Laurent BERTIAU
Deputy Head of Institutional and Third party Distribution
Amundi, Paris
Christian PELLIS (since 9 September 2013)
Global Head of External Distribution
Amundi, Paris
GENERAL MANAGERS
Guillaume ABEL (until 22 July 2013)
Global Head of Marketing and communication Institutional and Third party Distributors
Amundi, Paris
Richard LEPERE (since 22 July 2013)
Managing Director
Amundi Luxembourg S.A., Luxembourg
Philippe CHOSSONNERY(since 1st July 2013)
Deputy General Manager
Amundi Luxembourg S.A., Luxembourg
CUSTODIAN
CACEIS Bank Luxembourg S.A.
5, Allée Scheffer,
L-2520 Luxembourg
REGISTRAR, TRANSFER AND
PAYING AGENT
CACEIS Bank Luxembourg S.A.
5, Allée Scheffer,
L-2520 Luxembourg
ADMINISTRATIVE AGENT
Société Générale Securities Services Luxembourg
28-32, Place de la Gare,
L-1616 Luxembourg
INVESTMENT MANAGERS
Amundi acting through:
n Main office
90, Boulevard Pasteur,
F-75015 Paris, France
n London Branch
41, Lothbury,
London EC2R 7HF, United Kingdom
Amundi Hong-Kong Ltd
901-908, One Pacific Place,
No. 88 Queensway, Hong Kong
Amundi Japan
1-2-2, Uchisaiwaicho Chiyoda-Ku,
Tokyo 100-0011, Japan
Resona Bank Ltd
Fukagawa Gatharia W2 Bldg, 5-65, Kiba 1 -Chome, Koto-Ku,
Tokyo 135-8581, Japan
TCW Investment Management Company, Inc. (“TCW”)
865, South Figueroa Street, Suite 800,
Los Angeles, California 90017, United States of America
6
Organisation
TOBAM S.A.S.
20, rue Quentin Bauchart,
75008 Paris
BFT Gestion S.A.
90, Boulevard Pasteur,
75015 Paris
INVESTMENT SUB-MANAGERS
Amundi Singapore Ltd
168, Robinson Road #24-01, Capital Tower,
Singapore 068912
NH-CA Asset Management Co., Ltd
10F Nonghyup Culture & Welfare Foundation Bldg.
34-7 Yeoido-dong Yeongdeungpo-gu, Seoul, Korea
Amundi Japan
1-2-2, Uchisaiwaicho Chiyoda-Ku,
Tokyo 100 – 0011 Japan
AUDITOR OF THE FUND
PricewaterhouseCoopers, Société coopérative
400, Route d’Esch,
L-1471 Luxembourg
FINANCIAL AGENT IN BELGIUM
CACEIS Belgium SA/VN
Avenue du Port / Havenlaan 86 C/320,
B - 1000 Brussels, Belgium
CENTRALIZING AGENT IN FRANCE
CACEIS Bank France
1-3, Place Valhubert,
F-75206 Paris Cedex 13, France
PAYING AND INFORMATION AGENT
IN GERMANY
Marcard, Stein & Co AG
Ballindam 36,
D-20095 Hamburg, Germany
PAYING AND INFORMATION AGENT
IN AUSTRIA
Meinl Bank A.G.
Bauermarkt 2,
1014, Wien, Austria
PAYING AGENT IN GREECE
Alpha Bank of Greece
11, Sofokleous Str.,
102 35 Athens, Greece
REPRESENTATIVE IN GREECE
Amundi Hellas M.F.M.C
45, Mitropoleos Street,
105 56 Athens, Greece
REPRESENTATIVE IN HONG KONG
Amundi Hong-Kong Ltd
901-908, One Pacific Place,
88, Queensway, Hong-Kong
REPRESENTATIVE IN THE NETHERLANDS
CACEIS Netherlands
De Ruyterkade 6,
1013 AA Amsterdam, The Netherlands
REPRESENTATIVE IN SPAIN
Amundi Iberia SGICC
Paseo de la Castellana 1,
28046 Madrid, Spain
FACILITIES AGENT IN UNITED KINGDOM
Amundi London Branch.
41, Lothbury,
London EC2R 7HF, United Kingdom.
PAYING AND REPRESENTATIVE AGENT
IN BULGARIA
Société Générale Express Bank AD
92,Vladislav Varnenchik Blvd,
9000 Varma, Bulgaria
7
Organisation
REPRESENTATIVE IN SWITZERLAND
CACEIS (Switzerland) S.A.
7-9, Chemin de Précossy,
CH-1260 Nyon, Switzerland
CONTACT BANK IN CZECH REPUBLIC
Komercni Banka A.S
Na Prikogne 33,
Prague 1, Czech Republic
PAYING AND REPRESENTATIVE
AGENT IN SLOVENIA
SKB Banka D.D. Ljubljana
Ajdovscina 4,
Ljubljana, Slovenia
FACILITIES AGENT IN IRELAND
Société Générale, Dublin Branch
3rd Floor, IFSC House, IFSC,
Dublin 1, Ireland
REPRESENTATIVE AGENT IN ITALY
Amundi SGR S.p.A.
Piazza Missori 2,
Milano 20122, Italy
8
Portfolios details as at 31/12/13:
Equities
Equity Euroland Value
Securities Portfolio as at 31/12/13
Denmark
105 A.P. MOELLER-MAERSK B
15,312
7,630
121,113
51,134
24,525
29,931
7,831
18,571
61,501
45,573
7,594
13,710
3,858
49,150
38,699
20,276
45,757
70,888
8,476
16,413
49,422
8,055
22,134
17,970
31,829
8,712
34,771
42,136
51,161
123,811
55,888
12,634
8,272
6,076
3,763
1,960
32,323
4,751
France
ALSTOM
ARKEMA
AXA
BNP PARIBAS
CAP GEMINI SA
CARREFOUR SA
CHRISTIAN DIOR
COMPAGNIE DE SAINT-GOBAIN SA
CREDIT AGRICOLE SA
GDF SUEZ
LAFARGE SA
MICHELIN (CGDE)-SA
NUMERICABLE GROUP SA
ORANGE
SANOFI
SCHNEIDER ELECTRIC SA
SOCIETE GENERALE A
TOTAL
VALLOUREC
VINCI SA
VIVENDI
Germany
ADIDAS NOM
ALLIANZ SE-NOM
BASF SE
BAYER AG
BAYERISCHE MOTORENWERKE
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE POST AG-NOM
DEUTSCHE TELEKOM AG-NOM
E.ON SE
FRESENIUS SE & CO KGAA
LINDE AG
MTU AERO ENGINES HLDG AG
MUENCHENER RUECKVERSICHERUNGS AG-NOM
PUMA AG
SIEMENS AG-NOM
VOLKSWAGEN AG-PFD
67,065,672
98.43
1,245,099
1.83
67,055,871
675,964
569,135
828,279
828,279
25,074,262
405,385
646,948
2,447,694
2,896,741
1,204,913
862,312
1,075,588
742,376
572,267
779,070
413,645
1,059,098
101,851
442,350
2,984,467
1,285,498
1,931,861
3,156,642
335,650
783,228
946,678
24,647,906
746,215
2,885,166
1,392,495
3,244,966
742,437
2,187,096
1,461,066
1,355,767
1,538,971
749,738
1,409,954
1,257,758
433,766
602,644
460,600
3,209,350
969,917
98.42
0.99
0.84
1.22
1.22
36.80
0.59
0.95
3.59
4.25
1.77
1.27
1.58
1.09
0.84
1.14
0.61
1.55
0.15
0.65
4.38
1.89
2.84
4.63
0.49
1.15
1.39
68,375
84,011
61,479
190,322
536,587
256,193
Italy
5,083,642
7.46
Luxembourg
1,140,724
1.67
ASSICURAZIONI GENERALI
ENI SPA
FINMECCANICA SPA
INTESA SANPAOLO SPA
TELECOM ITALIA SPA
UNICREDIT SPA REGR
87,951 ARCELORMITTAL SA
87,021
57,113
46,579
50,661
158,128
179,844
16,050
104,030
19,760
107,665
Netherlands
1,169,213
1,469,352
338,442
341,438
386,879
1,378,318
1,140,724
3,379,359
1.72
2.15
0.50
0.50
0.57
2.02
1.67
4.96
ING GROEP NV-CVA
KONINKLIJKE AHOLD NV
STMICROELECTRONICS NV
UNILEVER CVA
878,912
745,325
272,021
1,483,101
1.29
1.09
0.40
2.18
BANCO BILBAO VIZCAYA ARGENTA
CAIXABANK
EBRO FOODS SA
IBERDROLA SA
REPSOL
TELEFONICA SA
1,414,930
681,249
273,412
482,179
362,003
1,274,215
2.08
1.00
0.40
0.71
0.53
1.87
Spain
Switzerland
10,427 HOLCIM LTD-NOM
United Kingdom
14,658 RIO TINTO PLC
Warrants, Rights
Spain
19,760 REPSOL DO 09/01/2014
36.18 Total securities portfolio
1.10
4.23
2.04
4.77
1.09
3.21
2.14
1.99
2.26
1.10
2.07
1.85
0.64
0.88
0.68
4.71
1.42
EUR
% of NaV
16,387 KBC GROUPE
4,949 SOLVAY
98.43
Market Value
Belgium
67,065,672
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
4,487,988
567,933
567,933
6.59
0.83
0.83
600,679
0.88
9,801
0.01
600,679
9,801
9,801
67,065,672
0.88
0.01
0.01
98.43
The accompanying notes form an integral part of these financial statements
9
Equity Japan Target
Securities Portfolio as at 31/12/13
11,031,110,660
93.20
329,376,700
2.78
11,031,110,660
99,900 ALPINE ELECTRONICS INC
84,000 MURAKAMI
91,000 SUNCALL
147,152,700
119,616,000
62,608,000
Banks
593,714,500
54,300 BANK OF OKINAWA
245,000 KAGOSHIMA BANK
444,000 YAMANASHI CHUO BANK LTD
509,000
13,000
154,900
181,000
213,600
95,600
181,000
320,000
93,200
164,000
212,000
98,000
282,000
107,000
73,900
26,500
199,300
71,300
169,200
19,100
47,100
107,400
220,000
245,300
46,200
125,900
67,900
226,702,500
163,660,000
203,352,000
Chemicals
ASAHI ORGANIC CHEMICALS INDUST
KUNIMINE INDUSTRIES
OSAKA ORGANIC CHEMICAL
TOAGOSEI
Construction and Materials
AOKI ASUANRO
C CUBE
KINDEN
MEISEI INDUSTRIAL
MIRAIT
NIPPON DENSETSU KOGYO
OKUMURA CORP
OYO CORP
SANKI ENGINEERING
SEKISUI JUSHI
Electronic and Electrical Equipment
AIPHONE
AMANO CORP
ESPEC
HI LEX
KOA
MABUCHI MOTOR
MIRAY INDUSTRY CO LTD
NIPPON CERAMIC
NIPPON PILLAR PACK
NIPPON SIGNAL
SHIBAURA ELECTRONICS
TOA CORP
ZUKEN
275,413,200
111,471,000
8,450,000
74,042,200
81,450,000
1,435,698,600
1,691,832,800
Food Producers
59,400 FUJICCO
101,800 SAKATA SEED
79,600 YAIZU SUISANKAGAKU
Health Care Equipment and Services
13,600 FUKUDA DENSHI CO
The accompanying notes form an integral part of these financial statements
10
127,519,200
42,924,400
199,100,000
137,280,000
87,142,000
234,848,000
103,032,000
157,486,000
186,402,000
159,965,000
131,763,700
25,572,500
163,426,000
175,754,500
182,566,800
119,375,000
71,592,000
176,565,600
159,280,000
218,071,700
79,833,600
130,180,600
57,850,800
277,609,200
70,804,800
135,801,200
71,003,200
132,767,400
58,412,000
93.20
1.24
1.01
0.53
5.02
1.92
1.38
1.72
2.33
0.94
0.07
0.63
0.69
12.12
1.08
0.36
1.68
1.16
0.74
1.98
0.87
1.33
1.57
1.35
14.28
1.11
0.22
1.38
1.48
1.54
1.01
0.60
1.49
1.35
1.84
0.67
1.10
0.49
2.35
0.60
1.15
0.60
1.12
0.49
121,100 KAWASUMI LABORATORIES INC
86,100
42,200
133,300
100,100
198,500
181,000
289,500
94,000
62,900
195,900
191,000
96,500
418,000
59,800
13,500
68,900
257,000
95,600
67,000
120,800
165,700
106,000
111,300
125,000
Household Goods and Home Construction
CHOFU SEISAKUSHO
COMANY INC
DAINICHI
SOFT 99
TENMA CORP
ZOJIRUSHI CORP
Industrial Engineering
AICHI CORP
AMADA CO LTD
DENYO
FUJI MACHINE MFG
HISAKA WORKS
KANEFUSA
KINKI SHARYO
KITAGAWA IND
NIRECO CORP
NISSEI PLASTIC IND
SINTOKOGIO
TOMOE ENGINEERING
TSUKISHIMA KUKAI
Industrial Metals and Mining
KYOEI STEEL
NETUREN CO
NICHIA STEEL WORKS
OSAKA STEEL
YODOGAWA STEEL WORKS
Media
30,100 FUJI MEDIA HOLDINGS INC
44,500 TOHOKUSHINSHA FILM
74,355,400
0.63
213,872,400
50,133,600
107,039,900
68,768,700
326,929,500
67,694,000
1.81
0.42
0.90
0.58
2.77
0.57
834,438,100
7.05
1,428,131,900
12.07
686,195,700
5.80
138,960,000
87,138,000
93,846,800
171,216,600
189,472,000
56,163,000
137,104,000
64,584,000
10,098,000
43,062,500
202,773,000
161,086,000
72,628,000
239,546,400
143,330,500
43,460,000
203,233,800
56,625,000
103,563,500
64,715,000
38,848,500
1.17
0.74
0.79
1.45
1.60
0.47
1.16
0.55
0.09
0.36
1.72
1.36
0.61
2.02
1.21
0.37
1.72
0.48
0.87
0.54
0.33
Nonlife Insurance
258,777,400
Oil and Gas Producers
263,943,000
2.23
Personal Goods
352,364,800
2.98
91,700 MS AD ASSURANCE
212,000 KANTO NATURAL GAS
277,000 SINANEN
150,000 KOMATSU SEIREN
381,200 TSI HOLDINGS CO LTD
Pharmaceuticals and Biotechnology
143,000 ASKA PHARMACEUTICAL
116,900 KISSEI PHARMA
99,020
167,900
23,300
84,400
JPY
% of NaV
Automobiles and Parts
93.20
Market Value
Shares
11,031,110,660
Quantity
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
JPY
% of NaV
Market Value
Quantity
Long positions
Software and Computer Services
ALPHA SYSTEMS
CAC
FUJITSU BSC
NEC FIELDING
258,777,400
150,096,000
113,847,000
84,000,000
268,364,800
413,219,200
110,682,000
302,537,200
419,855,160
147,836,860
154,132,200
19,222,500
98,663,600
2.19
2.19
1.27
0.96
0.71
2.27
3.49
0.94
2.55
3.55
1.25
1.31
0.16
0.83
Equity Japan Target
Securities Portfolio as at 31/12/13
Support Services
282,800 TOPPAN FORMS
112,200
53,000
152,200
54,100
51,100
131,500
Technology Hardware and Equipment
CANON MARKETING JAPAN INC
ICOM
JAPAN DIGITAL LABORATORY CO
ROHM
RYOSAN
TOKYO OHKA KOGYO CO LTD
272,902,000
2.31
1,210,763,500
10.23
50,544,000
0.43
272,902,000
164,597,400
134,726,000
224,342,800
276,992,000
114,361,800
295,743,500
Travel, Leisure and Catering
28,800 DOUTOR-NICHIRES HOLDINGS
Total securities portfolio
% of NaV
Market Value
Quantity
JPY
50,544,000
11,031,110,660
2.31
1.39
1.14
1.90
2.34
0.97
2.49
0.43
93.20
The accompanying notes form an integral part of these financial statements
11
Equity US Concentrated Core
Securities Portfolio as at 31/12/13
Chemicals
28,900 PRAXAIR INC
Financial Services
102,800 CHARLES SCHWAB CORP
26,050 VISA INC-A
Food and Drug Retailers
23,750 WHOLE FOODS MARKET
Food Producers
34,865 MEAD JOHNSON NUTRITION
18,800
25,200
4,000
42,245
General Retailers
AMAZON.COM
COSTCO WHOLESALE
PRICELINE.COM INC
TIFFANY & CO
Mining
86,355 SILVER WHEATON
Mobile Telecommunications
69,000 AMERICAN TOWER
Nonlife Insurance
51,960 ACE LTD
19,895
23,750
36,088
56,100
5,439,860
3.96
134,627,299
5,439,860
3,757,867
3,757,867
8,473,614
2,672,800
5,800,814
1,373,463
1,373,463
2,920,292
2,920,292
5,507,580
5,507,580
5,379,419
5,379,419
Software and Computer Services
33,098,829
2,187,057
1,888,838
2,846,621
5,055,171
3,403,491
3,304,798
4,012,800
3,657,055
5,531,638
3,889,704
7,200,561
6,505,796
3,281,877
3,032,198
Technology Hardware and Equipment
78,164 ARM HOLDINGS ADR
73,285 QUALCOMM INC
6.17
68,850 STARBUCKS
2.74
Travel, Leisure and Catering
1.95 Total securities portfolio
4.22
1.00
1.00
2.13
2.13
1.27
1,743,381
61,760 FASTENAL CO
15,730 LINKEDIN CORP CLASS A
56,400 VERISK ANALYTICS CLASS.A
2.74
1,743,381
7,497,252
2,999,052
4,649,600
3,919,491
10,721,089
ATHENAHEALTH
CERNER CORP
EQUINIX
GOOGLE INC-A
SALESFORCE.COM
SPLUNK INC
VMWARE CLASS A
3.96
13.87
Pharmaceuticals and Biotechnology
DRIL-QUIP INC.
NATIONAL OILWELL VARCO
OCEANEERING INTL
SCHLUMBERGER LTD
98.00
19,065,395
11,977,687
The accompanying notes form an integral part of these financial statements
12
98.00
Oil Equipment, Services and Distribution
30,640 ALLERGAN INC
47,030 BIOMARIN PHARMACEUTICAL INC
23,750 CELGENE CORP
27,190
99,240
21,920
6,425
117,880
47,792
33,800
134,627,299
Support Services
5.46
2.18
3.38
2.85
1.27
4.01
4.01
3.92
3.92
8.72
1.59
1.37
2.07
3.69
7.80
2.48
2.41
2.91
24.08
2.66
4.03
2.83
5.23
4.73
2.39
2.21
USD
% of NaV
20,200 PRECISION CASTPARTS CORP
98.00
Market Value
Aerospace and Defense
134,627,299
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
10,051,562
7.32
9,720,109
7.08
2,934,218
3,410,736
3,706,608
4,278,697
5,441,412
5,397,152
5,397,152
134,627,299
2.14
2.48
2.70
3.11
3.97
3.93
3.93
98.00
Equity US Relative Value
Securities Portfolio as at 31/12/13
Banks
379,500 CITIGROUP INC
379,384 J.P.MORGAN CHASE & CO
300,000 STATE STREET CORP
Beverages
193,200 PEPSICO INC
Electricity
677,785 AES CORP
226,025 AMERICAN ELECTRIC POWER INC
Electronic and Electrical Equipment
282,200 TE CONNECTIVITY LTD
45,065 THERMO FISHER SCIE
Financial Services
203,850 AMERICAN EXPRESS CO
179,745 AMERIPRISE FINANCIAL
390,905 SLM
Fixed Line Telecommunications
285,200 AT&T INC
Food Producers
459,990 MONDELEZ INTERNATIONAL
859,840
625,490
369,410
325,785
General Industrials
GENERAL ELECTRIC CO
KONINK PHIL SP ADR NY REGISTRED ADR
SEALED AIR
TYCO INTERNATIONAL LTD
General Retailers
330,240 GAP INC
226,000 HOME DEPOT INC
96,630
223,749
143,000
73,100
Health Care Equipment and Services
CIGNA CORP
HOLOGIC INC
MEDTRONIC INC
WELLPOINT INC
636,867,921
95.27
11,802,313
1.77
636,867,921
11,802,313
63,979,121
19,775,745
22,186,376
22,017,000
16,024,008
16,024,008
20,399,069
9,834,660
10,564,409
20,570,030
15,552,042
5,017,988
49,447,956
18,495,311
20,679,662
10,272,983
10,027,632
10,027,632
16,237,647
16,237,647
9.57
2.96
3.32
3.29
2.40
2.40
3.05
1.47
1.58
3.08
28,414,462
8,453,193
5,000,790
8,206,770
6,753,709
Industrial Engineering
27,292,134
12,457,681
9,720,789
Media
139,329 TIME WARNER
145,185
214,600
421,200
240,380
0.50
0.50
23,610,298
3.53
9,714,018
1.45
23,610,298
9,714,018
3.53
1.45
49,677,226
Oil Equipment, Services and Distribution
14,815,206
2.22
Pharmaceuticals and Biotechnology
49,429,964
7.39
9,916,704
1.48
CHEVRON CORP
ENSCO - A
NABORS INDUSTRIES
VALERO ENERGY CORPORATION
264,940 MICROSOFT CORP
2.43
164,050 ADT CORP
3.61
3.46
1.88
2.00
436,800
632,165
444,500
424,300
136,300
167,850
JOHNSON & JOHNSON
MERCK AND CO INC
MYLAN
PFIZER INC
Software and Computer Services
Support Services
Technology Hardware and Equipment
APPLIED MATERIALS INC
CISCO SYSTEMS INC
CORNING INC
INTEL CORP
LAM RESEARCH CORP
WESTERN DIGITAL CORP
1.93
2.78 Total securities portfolio
4.25
3,320,716
3,320,716
Oil and Gas Producers
1.50
2.43
2.63
26,044,642
121,000
102,975
253,980
723,831
1.50
USD
17,571,345
Nonlife Insurance
264,845 HARTFORD FINANCIAL SERVICES GRP
181,680 TRAVELERS COMPANIES INC
2.77
3.09
1.54
7.40
4.71
12,905,779
18,608,840
Leisure Goods
454,350 COMCAST CLASS A
268,100 BAKER HUGHES INC
31,514,619
24,101,315
23,124,365
12,578,411
13,370,216
Industrial Metals and Mining
93,200 ALLEGHENY TECHNOLOGIES INC
2.33
0.75
10.95
12,457,681
125,155 PENTAIR
1.77
73,174,307
Household Goods and Home Construction
314,906 LENNAR A
95.27
418,465 TEREX
% of NaV
601,545 DANA HOLDING WI
95.27
Market Value
Automobiles and Parts
636,867,921
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
9,595,334
16,449,308
18,135,058
12,270,828
7,156,188
12,115,152
14,815,206
11,082,390
5,153,899
11,022,732
22,170,943
9,916,704
6,639,104
6,639,104
62,359,064
7,726,992
14,192,104
7,920,990
11,014,828
7,421,535
14,082,615
636,867,921
3.90
1.44
2.46
7.43
2.71
1.84
1.07
1.81
2.22
1.66
0.77
1.65
3.31
1.48
0.99
0.99
9.33
1.16
2.12
1.18
1.65
1.11
2.11
95.27
1.26
0.75
1.23
1.01
1.86
1.86
4.08
1.45
The accompanying notes form an integral part of these financial statements
13
Equity Global Select
Securities Portfolio as at 31/12/13
Bermuda
9,300 CREDICORP LTD.
550,000 PEACE MARK (HLDGS)
Canada
56,100 ENBRIDGE
Curacao
19,300 SCHLUMBERGER LTD
Denmark
83,618 H. LUNDBECK
61,343
69,004
94,356
17,455
9,392
114,952
France
ACCOR SA
BNP PARIBAS
CARREFOUR SA
SANOFI
UNIBAIL RODAMCO
VIVENDI
Germany
21,108 BAYER AG
32,031 DEUTSCHE LUFTHANSA NOM
Italy
282,500 PRADA
48,900
330,000
135,900
515,100
284,600
41,500
Japan
ASTELLAS PHARMA INC
HITACHI LTD
ITOCHU CORP
MITSUBISHI UFJ FINANCIAL GROUP
NISSAN MOTOR CO LTD
UNI-CHARM CORP
Luxembourg
178,840 ARCELORMITTAL SA
Mexico
256,400 GRUPO FIN BANORTE
Netherlands
8,500 CORE LABORATORIES
Sweden
57,416 ELECTROLUX B
The accompanying notes form an integral part of these financial statements
14
167,686,941
97.72
3,004,267
1.75
167,686,941
3,004,267
1,234,389
1,234,389
2,450,485
2,450,485
1,739,123
1,739,123
2,115,897
2,115,897
97.72
0.72
0.00
595,951
137,238
57,454
234,007
1.43
1.43
1.01
1.01
1.23
1.23
3,645,888
2.12
2,513,940
2,513,940
15,241,204
2,898,501
2,499,215
1,679,597
3,401,165
2,393,667
2,369,059
3,196,231
3,196,231
1,788,536
1,788,536
1,623,075
1,623,075
1,506,340
1,506,340
Thailand
265,900 KASIKORNBANK -F-
0.72
11.26
2,965,294
680,594
31,361 CIE FINANCIERE RICHEMONT SA
34,487 NESTLE SA
64,929 NOVARTIS AG-NOM
1.75
19,331,030
2,899,296
5,386,512
3,745,814
1,854,899
2,410,393
3,034,116
Switzerland
1.69
3.14
2.18
1.08
1.40
1.77
1.72
0.40
1.46
1.46
8.88
1.69
1.46
0.98
1.98
1.39
1.38
1.86
56,600
29,593
42,200
8,808
39,100
97,700
31,700
94,600
47,100
42,100
99,000
3,450
93,000
18,600
29,900
10,200
59,200
18,400
44,800
19,000
65,820
40,900
29,600
43,600
19,100
34,200
93,100
20,150
1.04
0.95
0.95
0.88
0.88
10,861,465
6.33
1,282,568
0.75
3,131,288
2,532,146
5,198,031
1,282,568
1.82
1.48
3.03
0.75
United Kingdom
11,405,470
United States of America
84,747,033
49.40
3,506,350
2.04
BARCLAYS PLC
BG GROUP PLC
SABMILLER
ST JAMES’S PLACE
AMERICAN INTL GRP
AMGEN INC
ANADARKO PETROLEUM CORP
APPLE INC
CERNER CORP
CITIGROUP INC
CITRIX SYSTEMS INC
EMC CORP
EMERSON ELECTRIC CO
FLOWSERVE CORP
FREEPORT MCMORAN COPPER&GLD INC-B
GOOGLE INC-A
MICROSOFT CORP
M&T BANK CORPORATION
NATIONAL OILWELL VARCO
PRECISION CASTPARTS CORP
QUALCOMM INC
ROPER INDUSTRIES
ROSS STORES INC
STERICYCLE
TEREX
TESORO
UNITED TECHNOLOGIES CORP
VF CORP
VMWARE CLASS A
WALGREEN CO
WELLS FARGO & CO
ZIMMER HOLDING INC
1.86 Share/Units of UCITS/UCIS
1.04
USD
% of NaV
88,392 BHP BILLITON LTD
99.76
Market Value
Australia
171,193,291
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Share/Units in investment funds
France
155 AMUNDI TRESO DOLLAR
Total securities portfolio
2,684,168
2,949,116
2,950,749
2,821,437
2,889,430
3,378,337
3,347,304
4,942,256
2,179,434
5,091,147
2,005,025
2,379,190
3,305,478
3,318,743
3,736,260
3,866,450
3,480,990
2,165,412
2,377,947
2,746,860
4,395,600
2,551,712
3,356,864
2,207,230
2,763,782
2,392,650
3,368,480
2,718,024
1,713,461
1,964,448
4,226,740
1,877,779
3,506,350
3,506,350
3,506,350
171,193,291
6.65
1.56
1.72
1.73
1.64
1.68
1.97
1.95
2.89
1.27
2.98
1.17
1.39
1.93
1.93
2.18
2.25
2.03
1.26
1.39
1.60
2.56
1.49
1.96
1.29
1.61
1.39
1.96
1.58
1.00
1.14
2.46
1.09
2.04
2.04
2.04
99.76
Equity Japan Value
Securities Portfolio as at 31/12/13
1,029,400
2,177,200
606,000
463,370
119,000
230,000
90,000
345,000
93,000
1,029,000
337,000
AISIN SEIKI LTD
FCC
HONDA MOTOR CO LTD
MUSASHI SEIMITSU
SUMITOMO ELECTRIC INDUSTRIES
TOYOTA MOTOR CORP
YAMAHA MOTOR CO LTD
Banks
MITSUBISHI UFJ FINANCIAL GROUP
MIZUHO FINANCIAL GROUP INC
SEVEN BANK LTD
SUMITOMO MITSUI TRUST HLD
SURUGA BANK LTD
Chemicals
ASAHI KASEI
JSR CORP
MITSUBISHI CHEMICAL HOLDINGS
NISSAN CHEMICAL INDUSTRIES LTD
TEIJIN LTD
TOAGOSEI
17,151,680,230
96.49
2,363,568,300
13.29
17,151,680,230
181,902,000
150,912,000
496,867,500
145,536,000
247,314,000
971,667,000
169,369,800
1,941,012,180
714,403,600
496,401,600
249,066,000
256,706,980
224,434,000
1,088,083,000
Construction and Materials
100,200 COMSYS HOLDINGS
93,000 LIXIL GROUP CORPORATION
247,000 SANWA HOLDINGS
Electronic and Electrical Equipment
25,200 MURATA MANUFACTURING CO LTD
21,400 NIDEC CORP
Financial Services
133,600 ORIX CORP
260,000 TOKAI TOKYO HOLDINGS
Food and Drug Retailers
42,300 DAIKOKUTENBUSSAN CO LTD
53,800 FAMILYMART
Food Producers
154,000 NIPPON MEAT PACKERS
General Industrials
257,000 RENGO
General Retailers
14,800 SHIMAMURA
695,300 YAMADA DENKI
189,520,000
183,240,000
167,670,000
155,217,000
240,786,000
151,650,000
609,760,400
165,530,400
268,119,000
176,111,000
455,788,000
235,368,000
220,420,000
510,919,200
246,759,200
264,160,000
375,806,900
96.49
1.02
0.85
2.80
0.82
1.39
5.46
0.95
10.92
4.03
2.79
1.40
1.44
1.26
6.12
1.07
1.03
0.94
0.87
1.36
0.85
3.43
0.93
1.51
0.99
2.56
1.32
1.24
2.87
1.39
1.48
2.11
117,297,900
258,509,000
0.66
1.45
278,124,000
1.56
278,124,000
162,681,000
162,681,000
385,111,200
145,928,000
239,183,200
1.56
0.92
0.92
2.17
0.82
1.35
Health Care Equipment and Services
182,520,000
1.03
Household Goods and Home Construction
273,428,500
1.54
1,909,002,000
10.74
318,798,000
1.79
36,000 TERUMO CORP
79,250 SEKISUI HOUSE LTD
1,129,000 SXL CORP
33,500
151,000
109,000
107,000
272,000
247,000
66,000
400,000
Industrial Engineering
DISCO CORPORATION
KOMATSU LTD
KUBOTA CORPORATION
KURITA WATER INDUSTRIES LTD
MITSUBISHI ELECTRIC CORP
THE JAPAN STEEL WORKS
THK CO LTD
TSUGAMI CORP
Industrial Metals and Mining
280,000 DAIDO STEEL
69,000 JFE HOLDINGS
32,750
94,300
79,000
827,000
Industrial Transportation
EAST JAPAN RAILWAY CO
HITACHI TRANSPORT SYSTEM
MITSUBISHI LOGISTICS CORP
NIPPON YUSEN
Leisure Goods
92,000 NIKON CORP
23,000 NINTENDO CO LTD
297,000 PANASONIC CORP
Mining
179,000 PACIFIC METALS CO LTD
Mobile Telecommunications
160,100 NTT DOCOMO INC
Nonlife Insurance
108,500 MS AD ASSURANCE
99,950 TOKIO MARINE HLDGS INC
Oil and Gas Producers
21,200 JAPAN PETROLEUM EXPLORATION
128,000
48,600
112,000
54,800
JPY
% of NaV
42,600
72,000
114,750
64,000
141,000
151,350
107,400
Automobiles and Parts
96.49
Market Value
Shares
17,151,680,230
Quantity
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
JPY
% of NaV
Market Value
Quantity
Long positions
182,520,000
116,497,500
156,931,000
233,830,000
322,687,000
189,551,000
233,474,000
359,040,000
145,236,000
173,184,000
252,000,000
146,160,000
172,638,000
831,587,000
274,445,000
148,051,000
131,219,000
277,872,000
870,586,000
184,828,000
322,230,000
363,528,000
68,736,000
68,736,000
276,172,500
276,172,500
657,511,250
306,187,000
351,324,250
84,482,000
84,482,000
Pharmaceuticals and Biotechnology
729,179,400
Real Estate Investment and Services
790,571,900
ADERANS HOLDINGS
EISAI
NIPPON SHINYAKU
TSUMURA & CO
80,000 MITSUI FUDOSAN CO LTD
66,000 NOMURA REAL ESTATE HOLDINGS
127,100 NTT URBAN DEVELOPMENT
148,864,000
198,045,000
229,488,000
152,782,400
302,800,000
156,288,000
153,663,900
1.03
0.66
0.88
1.32
1.82
1.07
1.31
2.01
0.82
0.97
1.42
0.82
0.97
4.68
1.54
0.83
0.74
1.57
4.90
1.04
1.81
2.05
0.39
0.39
1.55
1.55
3.70
1.72
1.98
0.48
0.48
4.10
0.84
1.11
1.29
0.86
4.45
1.71
0.88
0.86
The accompanying notes form an integral part of these financial statements
15
Equity Japan Value
Securities Portfolio as at 31/12/13
177,820,000
1.00
45,400 NTT DATA
176,152,000
0.99
Software and Computer Services
72,000
354,000
182,000
240,500
Support Services
DAISEKI
MARUBENI CORP
MITSUBISHI CORPORATION
MITSUI & CO LTD
176,152,000
1,135,226,500
148,176,000
267,624,000
367,094,000
352,332,500
Technology Hardware and Equipment
473,720,000
346,000 RENESAS ELECTRONICS CORP
45,000 TOKYO ELECTRON LTD
214,520,000
259,200,000
Travel, Leisure and Catering
19,000 SANKYO CO LTD
163,000 TOKYU CORP
Total securities portfolio
203,153,000
92,150,000
111,003,000
17,151,680,230
The accompanying notes form an integral part of these financial statements
16
% of NaV
Market Value
Quantity
JPY
34,000 SUMITOMO REALTY & DEVELOPMENT
0.99
6.39
0.83
1.51
2.07
1.98
2.67
1.21
1.46
1.14
0.52
0.62
96.49
Equity Euro Select
Securities Portfolio as at 31/12/13
103,033
45,685
258,074
190,752
156,014
151,722
77,473
439,463
26,329
129,464
9,452
158,549
19,563
46,129
46,205
14,503
30,881
60,954
119,144
133,494
57,597
157,324
33,600
39,484
65,283
90,727
144,560
78,435
94,749
101,259
38,802
19,610
86,432
95,377
389,718
37,102
81,457
62,867
101,911
114,840
277,806
14,312
France
ACCOR SA
AIR LIQUIDE
AXA
BNP PARIBAS
CARREFOUR SA
CGG ACT
COMPAGNIE DE SAINT-GOBAIN SA
CREDIT AGRICOLE SA
DASSAULT SYSTEMES
EDF
ESSILOR INTERNATIONAL
GDF SUEZ
L’OREAL
LVMH MOET HENNESSY LOUIS VUITTON
MICHELIN (CGDE)-SA
NUMERICABLE GROUP SA
PUBLICIS GROUPE
RENAULT SA
SAFRAN
SANOFI
SCHNEIDER ELECTRIC SA
SOCIETE GENERALE A
SODEXO
TECHNIP SA
THALES SA
TOTAL
VIVENDI
Germany
ALLIANZ SE-NOM
BASF SE
BAYER AG
BEIERSDORF
CONTINENTAL AG
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE TELEKOM AG-NOM
FRESENIUS SE & CO KGAA
GEA GROUP AG
KION GROUP
SAP AG
SIEMENS AG-NOM
TELEFONICA DEUTSCHLAND HOLDING AG
VOLKSWAGEN AG-PFD
257,561,462
97.21
4,467,791
1.69
257,476,456
4,467,791
106,871,316
3,534,032
4,696,418
5,215,676
10,806,102
4,494,763
1,908,663
3,096,983
4,089,203
2,375,666
3,325,283
730,451
2,710,395
2,498,195
6,116,705
3,569,336
382,879
2,053,895
3,562,761
6,017,963
10,295,058
3,651,650
6,642,219
2,474,304
2,758,352
3,055,244
4,040,073
2,769,047
78,704,207
10,224,002
7,342,100
10,323,355
2,857,379
3,125,834
5,436,573
3,307,197
4,844,195
4,140,583
2,818,412
1,943,408
6,350,074
11,402,464
1,666,836
2,921,795
97.18
1.69
40.33
1.33
1.77
1.97
4.07
1.70
0.72
1.17
1.54
0.90
1.26
0.28
1.02
0.94
2.31
1.35
0.14
0.78
1.34
2.27
3.89
1.38
2.51
0.93
1.04
1.15
1.52
1.05
29.70
243,737
193,977
592,595
50,914
1,976,132
767,470
Italy
ASSICURAZIONI GENERALI
ENI SPA
FINMECCANICA SPA
SAIPEM
TELECOM ITALIA SPA
UNICREDIT SPA REGR
Luxembourg
76,398 APERAM
349,216 ARCELORMITTAL SA
118,395
19,095
22,441
117,325
209,338
239,511
Netherlands
AIRBUS GROUP
AKZO NOBEL NV-CVA
GEMALTO
ROYAL PHILIPS NV
STMICROELECTRONICS NV
UNILEVER CVA
Portugal
125,155 GALP ENERGIA SGPS SA-B
632,566
704,307
410,359
171,384
323,813
Spain
BANCO BILBAO VIZCAYA ARGENTA
CAIXABANK
DIA SA
REPSOL
TELEFONICA SA
Switzerland
40,278 HOLCIM LTD-NOM
United Kingdom
54,112 RIO TINTO PLC
Warrants, Rights
Spain
171,384 REPSOL DO 09/01/2014
3.86
2.77
Share/Units of UCITS/UCIS
3.90
1.08
Share/Units in investment funds
1.18
France
2.05
8 AMUNDI TRESO 3 MOIS I C
1.25
1.83 Total securities portfolio
1.56
1.06
0.73
2.40
4.30
0.63
1.10
EUR
% of NaV
57,828 ANHEUSER-BUSH INBEV
EUR
265,470,451 100.20
Market Value
Belgium
Quantity
Shares
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
17,168,798
6.48
5,554,975
2.10
4,167,903
3,392,658
3,262,235
792,222
1,424,791
4,128,989
1,025,643
4,529,332
20,839,285
6,607,625
1,075,812
1,795,504
3,126,125
1,222,534
7,011,685
1,491,222
1,491,222
17,967,531
1.57
1.28
1.23
0.30
0.54
1.56
0.39
1.71
7.87
2.49
0.41
0.68
1.18
0.46
2.65
0.56
0.56
6.78
5,660,200
2,667,915
2,667,334
3,139,755
3,832,327
2.13
1.01
1.01
1.19
1.44
2,193,845
0.83
2,193,845
2,217,486
2,217,486
85,006
0.83
0.84
0.84
0.03
85,006
0.03
7,908,989
2.99
85,006
7,908,989
7,908,989
7,908,989
0.03
2.99
2.99
2.99
265,470,451 100.20
The accompanying notes form an integral part of these financial statements
17
Equity Europe Select
Securities Portfolio as at 31/12/13
38,805
103,600
55,000
67,084
70,000
37,130
9,900
67,308
26,000
38,800
13,000
18,000
39,000
39,000
55,000
80,000
26,000
31,000
25,029
17,700
25,900
7,000
30,200
173,000
17,500
43,200
75,677
6,400
19,400
86,500
90,000
250,500
42,363
310,000
France
ACCOR SA
AXA
BNP PARIBAS
CARREFOUR SA
CGG ACT
COMPAGNIE DE SAINT-GOBAIN SA
DASSAULT SYSTEMES
EDF
INGENICO
IPSEN
LVMH MOET HENNESSY LOUIS VUITTON
RENAULT SA
SAFRAN
SANOFI
SOCIETE GENERALE A
SUEZ ENVIRONNEMENT COMPANY
TECHNIP SA
THALES SA
Germany
ALLIANZ SE-NOM
BAYER AG
BEIERSDORF
CONTINENTAL AG
DAIMLER
DEUTSCHE TELEKOM AG-NOM
FRESENIUS SE & CO KGAA
GEA GROUP AG
KLOECKNER & CO AG
LINDE AG
SIEMENS AG-NOM
TELEFONICA DEUTSCHLAND HOLDING AG
Italy
ASSICURAZIONI GENERALI
FINMECCANICA SPA
SAIPEM
UNICREDIT SPA REGR
Jersey
215,401 GLENCORE XSTRATA PLC
41,806 WOLSELEY
138,000 WPP PLC
Luxembourg
70,000 ARCELORMITTAL SA
The accompanying notes form an integral part of these financial statements
18
120,959,775
98.24
2,333,252
1.90
120,959,775
2,333,252
30,693,533
1,331,012
2,093,756
3,115,750
1,932,689
880,600
1,484,272
893,277
1,728,805
1,515,280
1,333,362
1,723,800
1,052,100
1,969,890
3,007,680
2,322,100
1,042,000
1,816,360
1,450,800
19,759,295
3,262,530
1,804,515
1,907,276
1,115,800
1,899,580
2,150,390
1,953,000
1,494,720
753,138
973,120
1,926,226
519,000
5,244,971
1,539,000
1,379,003
659,168
1,667,800
4,819,489
809,566
1,720,980
2,288,943
1,986,983
907,900
98.24
1.90
24.93
1.08
1.70
2.52
1.57
0.72
1.21
0.73
1.40
1.23
1.08
1.40
0.85
1.60
2.44
1.89
0.85
1.48
1.18
16.05
2.65
1.47
1.55
0.91
1.54
1.75
1.59
1.21
0.61
0.79
1.56
0.42
4.26
1.25
1.12
0.54
1.35
3.91
0.66
1.40
1.85
1.61
0.74
EUR
% of NaV
30,200 ANHEUSER-BUSH INBEV
99.97
Market Value
Belgium
123,089,420
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
77,700 SUBSEA 7 SA
1,079,083
0.87
34,000
34,500
21,600
70,000
1,897,540
1,943,730
935,604
1,865,150
1.54
1.58
0.76
1.51
Netherlands
AIRBUS GROUP
AKZO NOBEL NV-CVA
FUGRO NV CERTIFICAT-CVA
ROYAL PHILIPS NV
Norway
151,000 PETROLEUM GEO SERVICES
1,290,567
1.05
1.05
1,029,456
0.84
Spain
4,111,692
3.34
17,706,940
14.38
2,388,543
1,792,942
1.94
1.46
213,333 BANKINTER
250,400 DIA SA
120,000 TELEFONICA SA
Switzerland
CIE FINANCIERE RICHEMONT SA
CREDIT SUISSE GROUP AG-NOM
HOLCIM LTD-NOM
NESTLE SA
NOVARTIS AG-NOM
ROCHE HOLDING AG - BON DE JOUISSANCE
DIVIDENDE
173,000 UBS AG NOM
8,500 ZURICH INSURANCE GROUP AG
943,681
112,200
51,800
191,284
60,400
350,455
13,970
129,500
44,340
3,275
59,881
45,517
19,615
48,587
74,000
1,640,000
1,290,567
5.39
Portugal
86,400 GALP ENERGIA SGPS SA-B
36,500
47,500
30,200
32,300
49,200
17,700
6,642,024
United Kingdom
BARCLAYS PLC
BG GROUP PLC
BHP BILLITON PLC
BP PLC
GLAXOSMITHKLINE PLC
HSBC HOLDINGS PLC
MERLIN ENTERTAINMENTS PLC
PRUDENTIAL PLC
RIO TINTO PLC
ROYAL DUTCH SHELL
ROYAL DUTCH SHELL PLC-A
ROYAL MAIL PLC-W/I
SHIRE
STANDARD CHARTERED
UNILEVER
VODAFONE GROUP PLC
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
2 AMUNDI TRESO EONIA ISR S
2 AMUNDI TRESO 3 MOIS
Total securities portfolio
1,029,456
1,063,892
1,627,600
1,420,200
2,644,798
1,056,977
1,644,920
1,721,085
2,858,458
3,599,217
0.84
0.86
1.33
1.15
2.15
0.86
1.34
1.40
2.32
2.91
25,341,573
20.58
2,129,645
1.73
3,084,544
1,749,754
1,163,632
1,122,069
1,169,887
2,790,161
60,027
2,085,697
1,817,034
84,397
1,556,762
311,835
672,380
794,211
2,207,548
4,671,635
2,129,645
2,129,645
1,600
2,128,045
123,089,420
2.51
1.42
0.95
0.91
0.95
2.27
0.05
1.69
1.48
0.07
1.26
0.25
0.55
0.65
1.79
3.78
1.73
1.73
0.00
1.73
99.97
Equity Euroland Small Cap
Securities Portfolio as at 31/12/13
Belgium
73,816 ACKERMANS V.HAAREN
175,301 NYRSTAR STRIP VVPR
235,007
416,166
296,570
735,129
1,267,279
119,690
150,879
185,953
138,148
269,663
182,569
207,741
540,499
147,798
245,741
115,481
117,643
243,365
126,604
124,119
109,960
166,009
214,176
62,606
1,216,726
68,687
362,125
145,849
315,690
97.60
8,747,336
2.28
374,386,206
571,656
3,887,987
4,287,693
6,286,346
6,286,171
175
Finland
24,070,605
France
60,326,540
CARGOTEC B
HUHTAMAKI OYJ
POHJOLA BANK
SANITEC CORPORATION
HAVAS
IMERYS SA
INGENICO
INTER PARFUMS
NEXITY
REXEL
SCOR SE ACT PROV
TELEPERFORMANCE
TF1
Germany
AAREAL BANK
AURELIUS
AURUBIS AG
AXEL SPRINGER
CTS EVENTIM AG
DUERR
JUNGHEINRICH VORZ.
KRONES AG
LEONI AG
NORMA GROUP N
PFEIFFER VACUUM TECHNOLOGY AG
SKY DE
SOFTWARE
TAKKT AG
WINCOR NIXDORF
WIRECARD
6,366,340
7,761,496
4,335,853
5,606,916
7,583,398
7,565,605
8,793,228
5,829,627
3,786,637
5,143,822
4,849,945
9,201,887
7,572,391
107,756,184
4,254,365
7,249,360
5,115,808
5,493,928
8,958,266
8,205,205
5,870,208
6,864,803
9,019,269
7,756,384
6,193,612
9,733,808
1,744,650
4,885,066
7,346,414
9,065,038
Ireland
18,465,741
Italy
69,759,946
1,256,073 GRAFTON GROUP UNIT
669,074 KINGSPAN GROUP PLC
377,361 ANSALDO STS SPA
9,767,779
8,697,962
2,962,284
97.60
0.15
1.01
1.12
1.64
1.64
0.00
6.28
1.66
2.03
1.13
1.46
15.73
1.98
1.97
2.29
1.52
0.99
1.34
1.26
2.41
1.97
28.08
352,719
383,391
60,676
181,135
187,406
741,254
ASTALDI SPA
BANCA GENERALI
BANCA POPOLARE DI MILANO
BUZZI UNICEM SPA
DANIELI & C.OFFICINE RNC
DAVIDE CAMPARI-MILANO SPA
INDESIT COMPANY
INTERPUMP GROUP
LOTTOMATICA SPA
PARMALAT FINANZIARIA
UBI BANCA SCPA
WORLD DUTY FREE
Netherlands
AALBERTS INDUSTRIES
ARCADIS NV
GEMALTO
QIAGEN NV
TKH GROUP NV
USG PEOPLE NV
Portugal
4,944,141 BANCO ESPERITO SANTO REG
1,972,653
128,839
581,169
1,410,699
141,897
1,893,033
Spain
BANKINTER
BOLSAS Y MERCADOS ESPANOLES
LABORATORIOS ALMIRALL
NH HOTELES
OBRASCON HUARTE LAIN SA
TUBACEX
Warrants, Rights
1.11
Austria
1.89
217,635 IMMOEAST AG
1.33
1.43 Share/Units of UCITS/UCIS
2.34
Share/Units in investment funds
2.14
France
1.53
1.79
0.573 AMUNDI TRESO EONIA ISR S C
2.35
22 AMUNDI TRESO 3 MOIS I C
2.02
0.027 AMUNDI TRESO 3 MOIS DP C
1.61
2.54 Total securities portfolio
0.45
1.27
1.92
2.36
EUR
% of NaV
25,345 RHI AG
48,262 SCHOELLER-BLECKMANN OILFIELD E
122,751 VOESTALPINE AG
374,386,206
806,272
500,309
8,673,089
426,150
405,289
792,185
359,064
876,422
263,897
316,965
1,141,620
645,420
Market Value
Austria
EUR
397,171,309 103.54
Quantity
Shares
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
6,172,012
11,261,955
3,902,890
5,586,827
6,585,946
4,816,485
3,447,014
7,642,400
5,847,958
5,635,036
5,899,139
1.61
2.93
1.02
1.46
1.72
1.26
0.90
1.99
1.52
0.00
1.47
1.54
8,174,263
9,822,477
4,854,687
3,067,521
4,760,112
7,181,269
2.13
2.56
1.27
0.80
1.24
1.87
37,860,329
5,136,963
5,136,963
35,976,216
9,837,621
3,563,687
6,881,041
6,044,845
4,178,157
5,470,865
-
-
-
9.87
1.34
1.34
9.38
2.56
0.93
1.79
1.58
1.09
1.43
0.00
0.00
0.00
22,785,103
5.94
22,785,103
5.94
22,785,103
577
22,764,180
20,346
5.94
0.00
5.93
0.01
397,171,309 103.54
4.81
2.54
2.27
18.19
0.77
The accompanying notes form an integral part of these financial statements
19
Equity Global Gold Mines
Securities Portfolio as at 31/12/13
Shares
Australia
70,697,045 100.06
70,697,045 100.06
1.54
Canada
54,127,688
76.62
Jersey
7,543,531
10.68
1,649,132
2.33
AGNICO EAGLE MINES
ALACER GOLD CORP
ALAMOS GOLD
ARGONAUT GOLD
BARRICK GOLD CORP
B2GOLD
CENTERRA GOLD
DETOUR GOLD
ELDORADO GOLD CORP
FIRST MAJESTIC SILVER
FRANCO NEVADA
GOLDCORP
KINROSS GOLD
NEW GOLD
OSISKO MINING CORP
SEMAFO INC
SILVER WHEATON
TIMMINS GOLD
YAMANA GOLD
90,141 POLYMETAL INTERNATIONAL PLC
17,345 RANDGOLD RESOURCES
89,100 RANDGOLD RESOURCES ADR
South Africa
60,728 ANGLOGOLD ASHANTI
79,900 ANGLOGOLD ASHANTI-SPON ADR
Turkey
1,000 KOZA ALTIN ISLETMELERI AS
1,090,544
3,435,144
659,957
2,655,196
2,418,641
3,951,224
2,590,392
768,496
803,296
5,317,200
1,494,500
3,453,147
5,026,416
3,238,059
2,919,261
3,062,627
1,539,087
3,367,692
719,701
6,707,652
858,421
1,088,739
5,596,371
712,704
936,428
10,333
10,333
United Kingdom
2,581,378
United States of America
3,694,439
209,071 FRESNILLO PLC-W/I
75,000 NEWMONT MINING CORP
42,700 ROYAL GOLD INC
Total securities portfolio
The accompanying notes form an integral part of these financial statements
20
USD
70,697,045 100.06
1,090,544
156,276 NEWCREST MINING
130,210
323,131
219,200
483,039
224,378
1,262,500
189,008
208,168
936,889
152,500
84,752
231,792
739,868
557,854
690,869
586,113
166,800
676,700
778,032
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
2,581,378
1,727,250
1,967,189
1.54
4.86
0.93
3.76
3.42
5.59
3.67
1.09
1.14
7.53
2.12
4.89
7.11
4.58
4.13
4.33
2.18
4.77
1.02
9.50
1.21
1.54
7.93
1.01
1.32
0.01
0.01
3.65
3.65
5.23
2.44
2.79
70,697,045 100.06
Equity Global Luxury and Lifestyle
Securities Portfolio as at 31/12/13
33,286 BAYERISCHE MOTORENWERKE
103,207 DAIMLER
Beverages
53,300 BEAM INC-WHEN ISSUED
89,172 DIAGEO
38,536 REMY COINTREAU
Food and Drug Retailers
46,200 WHOLE FOODS MARKET
Food Producers
552 LINDT AND SPRUENGLI PS
58,000 MEAD JOHNSON NUTRITION
32,278
29,796
8,373
69,200
48,554
97,127
General Retailers
DUFRY AG REG
INDITEX
KERING
ROSS STORES INC
TIFFANY & CO
YOOX SPA
Health Care Equipment and Services
29,509 ESSILOR INTERNATIONAL
103,845 LUXOTTICA GROUP
Leisure Goods
136,300 COMCAST CLASS A
Media
314,663 WPP PLC
62,390
32,683
97,218
65,504
5,413
19,366
32,300
4,220
117,606
24,218
614,700
50,638
14,011
23,312
161,084
Personal Goods
ADIDAS NOM
CHRISTIAN DIOR
CIE FINANCIERE RICHEMONT SA
COACH INC
HERMES INTERNATIONAL
L’OREAL
LULULEMON ATHLETICA
LVMH MOET HENNESSY LOUIS VUITTON
NIKE INC -BPOLO RALPH LAUREN A
PRADA
SALVATORE FERRAGAMO
THE SWATCH GROUP
TOD’S SPA
VF CORP
188,451,820
98.37
12,854,004
6.71
188,451,820
3,908,738
8,945,266
9,819,924
3,627,598
2,953,715
3,238,611
2,671,746
2,671,746
7,353,785
2,495,705
4,858,080
98.37
2.04
4.67
5.13
1.90
1.54
1.69
1.39
4.55
7,082,830
7,191,755
7,191,755
79,737,220
7,964,289
6,185,631
9,706,883
3,676,740
1,965,405
3,407,723
1,906,669
771,062
9,248,536
4,276,172
5,470,156
1,929,324
9,286,950
3,899,704
10,041,976
168,214 INTERCONT HOTELS GROUP PLC
133,329 MARRIOTT INTERNATIONAL-A
114,000 STARWOOD HTLS & RESORTS WORLD
Share/Units of UCITS/UCIS
Share/Units in investment funds
Investment Fund
162 AMUNDI TRESO DOLLAR
5,350,184
2.79
21,246,523
11.09
3,664,701
1.91
5,350,184
5,608,104
6,581,119
9,057,300
3,664,701
3,664,701
3,664,701
2.79
2.93
3.44
4.72
1.91
1.91
1.91
192,116,521 100.28
1.30
2.54
8,715,835
7,082,830
Travel, Leisure and Catering
USD
3.84
13.80
3,142,354
5,573,481
9,535 APPLE INC
1.39 Total securities portfolio
26,428,014
5,683,536
4,918,676
1,772,748
5,185,156
4,504,840
4,363,058
Technology Hardware and Equipment
Market Value
Automobiles and Parts
USD
192,116,521 100.28
Quantity
Shares
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
2.96
2.57
0.93
2.71
2.35
2.28
1.64
2.91
3.70
3.70
3.75
3.75
41.62
4.16
3.23
5.06
1.92
1.03
1.78
1.00
0.40
4.83
2.23
2.86
1.01
4.84
2.04
5.23
The accompanying notes form an integral part of these financial statements
21
Equity Global Agriculture
Securities Portfolio as at 31/12/13
Brazil
490,700 BRF SP ADR
74,600 SLC AGRICOLA
Canada
35,500 AGRIUM INC
54,300 POTASH CORP OF SASKATCHEWAN
Cayman Islands
2,886,000 CHAODA MODERN AGRICULTURE HLDGS LTD
Chile
2,600 SOC QUIM&MIN SP ADR
Germany
44,850 SUEDZUCKER
Hong Kong (China)
1,444,000 CHINA AGRI-INDUSTRIES HLDGS
94.60
16,812,817
9.77
162,824,383
15,428,469
1,384,348
10,885,957
10,240,909
645,048
5,036,424
3,246,669
1,789,755
-
-
67,288
67,288
1,212,537
1,212,537
720,718
720,718
Japan
6,628,628
Mauritius
1,982,132
114,000 KUBOTA CORPORATION
276,000 NIPPON MEAT PACKERS
4,592,000 GOLDEN AGRI-RESSOURCES LTD
Netherlands
23,071 NUTRECO NV
Norway
5,161,063 MARINE HARVEST
19,197 YARA INTERNATIONAL ASA
Singapore
1,531,000 WILMAR INTERNATIONAL
Spain
21,878 VISCOFAN
Switzerland
19,788 SYNGENTA AG-NOM
United Kingdom
206,835 ASSOCIATED BRITISH FOODS
93,748 TATE & LYLE PLC
The accompanying notes form an integral part of these financial statements
22
162,824,383
1,886,171
4,742,457
1,982,132
1,147,962
1,147,962
7,108,251
6,282,386
825,865
4,147,013
4,147,013
1,246,570
1,246,570
7,903,055
7,903,055
9,631,634
8,375,544
1,256,090
94.60
8.97
0.80
6.32
5.95
0.37
2.93
1.89
1.04
0.00
0.00
0.04
0.04
0.70
0.70
0.42
0.42
3.85
1.10
2.75
1.15
1.15
0.67
0.67
4.13
3.65
0.48
2.41
2.41
0.72
0.72
4.59
4.59
5.60
4.87
0.73
35,300
391,900
100,200
14,100
42,800
92,800
153,300
117,800
58,800
84,800
165,700
62,200
15,200
452,600
United States of America
ANDERSONS INC
ARCHER-DANIELS MIDLAND CO
CELANESE SER A
CF INDUSTRIES HOLDINGS INC
DARLING INTERNATL
DEERE & CO
DOW CHEMICAL CO
INGREDION
INTREPID POTASH INC
MONSANTO
MOSAIC CO THE -WI
PILGRIMS PRIDE
RENTECH NITROGEN PARTNERS LP
TYSON FOODS -A-
Total securities portfolio
USD
% of NaV
187,900 BUNGE LTD
100,900 COSAN CL A
94.60
Market Value
Bermuda
162,824,383
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
88,293,397
51.30
162,824,383
94.60
3,147,701
17,008,459
5,542,062
3,285,864
893,664
8,475,424
6,806,520
8,064,588
931,392
9,883,440
7,832,639
1,010,128
267,520
15,143,996
1.83
9.88
3.22
1.91
0.52
4.92
3.95
4.69
0.54
5.74
4.55
0.59
0.16
8.80
Equity Global Resources
Securities Portfolio as at 31/12/13
57,600
502,176
237,700
294,860
250,900
Canada
AGNICO EAGLE MINES
BARRICK GOLD CORP
ELDORADO GOLD CORP
GOLDCORP
YAMANA GOLD
Cayman Islands
43,918 APEX SILVER MINES
Curacao
97.16
3,320,962
3.15
102,332,126
1,284,067
2,036,895
20,268,906
1,519,578
8,843,156
1,349,038
6,394,048
2,163,086
-
-
97.16
1.22
1.93
19.24
4,558,659
4.33
Germany
4,395,228
22,398 BASF SE
82,197 THYSSENKRUPP AG
Italy
88,080 SAIPEM
Japan
455,000 NP STI & S’TOMO
Jersey
328,909 GLENCORE XSTRATA PLC
40,070 RANDGOLD RESOURCES
Luxembourg
185,267 ARCELORMITTAL SA
United Kingdom
192,317 AFRICAN BAR
67,512 RIO TINTO PLC
23,576 ROYAL DUTCH SHELL A SHARES
United States of America
AIR PRODUCTS & CHEMICALS INC
ALCOA INC
APACHE CORP
CELANESE SER A
CHEVRON CORP
DEVON ENERGY CORPORATION
3,197,876
1,360,783
2,391,599
2,003,629
1,888,515
1,888,515
1,523,809
1,523,809
4,218,567
1,703,389
2,515,178
3,311,094
3,311,094
5,248,624
591,798
3,812,254
844,572
52,759,739
212,382
4,042,589
3,214,156
1,371,688
1,061,735
3,365,728
102,332,126
4.68
1.10
5.22
5.00
1.21
1.48
2.19
3.58
5.04
1.94
3.79
1.33
0.94
97.16
0.00
France
42,606 LAFARGE SA
22,177 TOTAL
USD
4,923,960
1,156,466
5,494,943
5,271,330
1,274,780
1,556,730
2,302,423
3,765,405
5,311,310
2,044,650
3,995,334
1,401,250
992,880
0.00
0.80
838,023
DOW CHEMICAL CO
E.I. DUPONT DE NEMOURS & CO
FREEPORT MCMORAN COPPER&GLD INC-B
HESS CORP
INTERNATIONAL PAPER
MARATHON OIL CORP
MARATHON PETROLEUM
NEWMONT MINING CORP
NUCOR CORP
OCCIDENTAL PETROLEUM CORP
PHILLIPS 66
US STEEL
VALERO ENERGY CORPORATION
1.44
8.40
1.28
6.07 Total securities portfolio
2.05
838,023
9,300 SCHLUMBERGER LTD
1,900
380,300
37,400
24,800
8,500
54,400
102,332,126
110,900
17,800
145,600
63,510
26,000
44,100
25,100
163,500
99,500
21,500
51,800
47,500
19,700
% of NaV
37,780 BHP BILLITON LTD
33,393 RIO TINTO LTD
97.16
Market Value
Australia
102,332,126
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.80
3.04
1.29
4.17
2.27
1.90
1.79
1.79
1.45
1.45
4.01
1.62
2.39
3.14
3.14
4.98
0.56
3.62
0.80
50.10
0.20
3.84
3.05
1.30
1.01
3.20
The accompanying notes form an integral part of these financial statements
23
Equity ASEAN
Securities Portfolio as at 31/12/13
14,389,500
3,380,500
4,733,230
4,816,907
2,746,000
9,300,500
352,500
1,606,500
1,415,500
17,569,500
2,569,000
1,294,500
12,951,000
953,420
3,382,700
765,300
1,358,100
1,276,400
1,121,900
1,013,200
337,733
506,900
521,200
701,200
1,056,600
2,645,200
1,238,600
3,758,300
1,755,000
1,513,302
1.01
1,513,302
99.53
1.01
18,074,686
12.08
Malaysia
29,488,228
19.70
ALAM SUTERA
ASTRA INTERNATIONAL TBK PT
ASTRA OTOPARTS
BANK MANDIRI
BW PLANTATION
CIPUTRA DEVT
GUDANG GARAM
INDOFOOD CBP
MATAHARI DEPARTMENT STORE TB
MODERN INTERNASIONAL TBK PT
PT BANK RAKYAT INDONESIA
PT SEMEN GRESIK TBK
TELKOM INDONESIA SERIE B
DIALOG
DRB-HICOM
FELDA GLOBAL VENTURES
GAMUDA BHD
GAS MALAYSIA BHD
GENTING MALAYSIA BHD
IOI CORPORATION BHD
IOI PROPERTIES GROUP BHD
MALAYAN BANKING
MALAYSIA AIRPORTS
POS MALAYSIA BERHAD
RHB CAPITAL BHD
SAPURAKENCANA PETROLEUM
TENAGA NASIONAL
TROPICANA CORPORATION BHD
WESTPORTS HOLDINGS BHD
Mauritius
Philippines
ALLIANCE GLOBAL GRP
AYALA LAND INC
COSCO CAPITAL
DMCI PHP1 ORDS
GLOBE TELECOM
MANILA ELECTRIC A
METRO BANK & TRUST
RIZAL COMMERCIAL BANKING
ROBINSONS LAND CORPORATION
The accompanying notes form an integral part of these financial statements
24
99.53
148,959,446
Indonesia
4,817,000 GOLDEN AGRI-RESSOURCES LTD
2,850,510
2,372,700
7,846,700
776,310
30,640
183,390
887,633
1,209,470
3,157,700
148,959,446
508,421
1,888,859
1,419,581
3,107,045
300,097
573,162
1,216,516
1,346,451
1,279,417
1,111,629
1,530,424
1,505,109
2,287,975
1,042,059
2,912,309
1,049,066
1,990,205
1,508,074
1,500,214
1,456,937
321,701
1,538,273
1,432,095
1,173,133
2,548,370
3,957,122
4,303,265
1,399,833
1,355,572
2,079,253
2,079,253
15,535,333
1,657,032
1,323,142
1,554,047
979,516
1,132,194
1,037,141
1,510,971
1,158,170
1,420,103
0.34
1.26
0.95
2.09
0.20
0.38
0.81
0.90
0.85
0.74
1.02
1.01
1.53
0.70
1.95
0.70
1.33
1.01
1.00
0.97
0.21
1.03
0.96
0.78
1.70
2.64
2.87
0.94
0.91
1.39
335,006 SECURITY BANK
525,980 UNIVERSAL ROBINA
13,230,200 VISTA LAND & LIFE
2,382,000
2,074,000
704,000
1,114,000
1,537,000
1,396,000
673,500
1,261,000
854,000
1,067,000
436,000
1,534,000
853,900
254,000
874,000
1,136,000
421,000
334,000
578,000
1.11
0.88
1.04
0.65
0.76
0.69
1.01
0.77
0.95
0.58
0.90
1.04
Singapore
56,241,194
37.58
Thailand
26,027,450
17.39
538,512
2,717,860
796,544
4,068,061
2,528,617
2,045,924
1,073,154
3,167,396
582,490
1,833,690
2,250,629
832,555
0.36
1.81
0.53
2.71
1.69
1.37
0.72
2.11
0.39
1.23
1.50
0.56
ASIAN PAY TV TRUST
BUMITAMA AGRI
CACHE LOGISTICS TRUST
CAPITALAND
CAPITAMALLS
CROESUS RETAIL TRUST
DBS GROUP HOLDINGS LTD
FIRST RESOURCES LTD
GLOBAL LOGISTIC PROPERTIE
GOODPACK LIMITED
HONG LEONG FIN GRP
JAYA HOLDINGS
KEPPEL CORPORATION LTD
MOBILEONE
OVERSEA-CHINESE BANKING
SINGAPORE TELECOMM
UNITED OVERSEAS BANK LTD
UOL GROUP LTD
WILMAR INTERNATIONAL
389,100 ADVANCED INFO SCE PUB.FRGN RGD
166,100 AIRPORTS THAILAND FOREIGN RGD
3,200,300 AP NVDR UNITS NON-VOTING DEPOSITORY
RECEIPT
150,600 BANGKOK DUSIT MEDICAL FOREIGN
2,790,900 CHAROEN POKPHAND FOOD
623,200 C.P. ALL PCL
856,900 KASIKORNBANK PCL-NVDR
5,035,775 KRUNG THAI BANK PUBLIC FOREIGN
851,000 PTT GLOBAL CHEM
123,300 PTT PUBLIC COMPANY FOREIGN
725,300 SIAM COMMCL BANK -F1,311,000 SUPALAI PUBLIC FOREIGN
1,071,200 THAI OIL F
1,030,740 THAI UNION FROZEN
675,500 THAICOM PUBLIC CO
1.39 Total securities portfolio
10.38
USD
872,567
1,340,356
1,550,094
% of NaV
4,662,500 BANK NEGARA INDONESIA PERSERO
99.53
Market Value
India
148,959,446
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1,396,071
1,544,083
621,701
2,673,388
2,385,965
978,504
9,121,532
2,117,313
1,954,744
1,647,909
2,060,546
874,766
7,567,828
657,833
7,060,667
3,293,014
7,082,242
1,637,462
1,565,626
2,362,310
801,183
428,525
148,959,446
0.93
1.03
0.42
1.79
1.59
0.65
6.10
1.41
1.31
1.10
1.38
0.58
5.06
0.44
4.72
2.20
4.73
1.09
1.05
1.58
0.54
0.29
99.53
Equity Asia ex Japan
Securities Portfolio as at 31/12/13
1.06
1,480,000
1,308,000
161,480
495,000
5,078,000
434,000
4,443
200,818
61,563
539,453
78,970
80,936
183,569
104,281
51,421
2,382,438
0.16
0.82
0.89
0.54
0.52
33,300,798
14.85
China
33,627,225
15.00
Hong Kong (China)
AIA GROUP
CHINA EVERBRIGHT
DAH SING FIN HLDGS
HUTCHISON WHAMPOA LTD
LENOVO GROUP LTD
SJM HOLDINGS
India
AXIS BANK SHS DEMATERIALISED
INDUSIND BANK LTD
INFOSYS TECHNOLOGIES
ITC LTD
LARSEN & TOUBRO LTD
MAHINDRA & MAHINDR
RELIANCE INDUSTRIES LTD
TECH MAHINDRA LTD
ULTRA TECH CEMENT
0.66
272,000
278,000
1,038,000
97,000
981,000
98.39
Cayman Islands
CHINA CINDA ASSET MANAGEMENT
CHINA CONSTRUCTION BANK H
CHINA LIFE INSURANCE CO-H
CHINA SHIPPING DEVELOPMENT -HINDUSTRIAL & COMMERCIAL BANK OF CHINA-H
PETROCHINA CO LTD-H
PING AN INSURANCE GROUP CO-H
SHANGHAI FOSUN PHARMACEUTICAL
1,484,376
2,553,500 ALLIANCE GLOBAL GRP
1,226,535
1,155,903
1,858,000
5,361,000
1,747,000
1,646,000
10,629,175
4,260,000
895,500
600,000
Philippines
330,900 SAMSONITE INTERNATIONAL SA
1.87
863,000 KERRY LOGISTICS NETWORK LTD
2,186,000 TERMBRAY PETRO-KING OILFIELD
ANTON OILFIELD SERVICES GROUP
AUTOHOME SP ADR
CHINA MENGNIU DAIRY
CHINA RESOURCES LAND LTD
CHINA STATE CONSTRUCTION INTL
HONGHUA GROUP
HUTCHINSON TELECOMMUNICATIONS
LI NING CO
NEXTEER AUTOMOTIVE GROUP LTD
PHOENIX HEALTHCARE GROUP CO
TENCENT HOLDINGS LTD
0.45
4,194,115
349,150
1,849,128
1,995,837
2,294,000
20,400
953,000
1,076,000
1,630,000
6,108,000
6,180,000
4,010,250
8,304,000
1,075,000
110,200
1,007,155
98.39
1,271,000 ASIAN CITRUS HOLDINGS LTD
533,000 KERRY PROPERTIES
597,500 YUE YUEN INDUSTRIAL HOLDINGS
British Virgin Islands
Luxembourg
220,609,440
220,609,440
1,396,442
731,748
4,523,016
2,667,184
2,922,064
2,056,018
2,343,275
3,165,266
4,744,369
1,721,938
7,029,478
1,159,788
4,044,726
5,463,765
1,277,950
7,183,204
4,669,990
8,020,938
1,806,864
24,778,726
7,425,039
2,068,167
925,716
6,728,732
6,175,779
1,455,293
17,558,823
93,346
1,365,842
3,469,194
2,806,935
1,366,383
1,235,466
2,656,713
3,098,421
1,466,523
0.62
0.33
2.02
1.19
1.30
0.92
1.05
1.41
2.12
0.77
3.12
0.52
1.80
2.44
0.57
3.20
2.08
3.58
0.81
11.05
3.32
0.92
0.41
3.00
2.75
0.65
7.83
0.04
0.61
1.56
1.25
0.61
0.55
1.18
1.38
0.65
5,949
134,060
2,527
12,060
11,414
38,890
9,604
65,350
8,507
65,700
74,451
99,700
38,487
2,935,000
5,288,974
565
951,000
726,000
2,591,000
3,449,440
1,628
1,760,000
1,691,091
USD
% of NaV
USD
224,923,911 100.31
Market Value
Bermuda
Quantity
Shares
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1,007,155
1,484,376
0.45
0.66
Singapore
11,525,952
South Korea
45,330,300
20.23
Taiwan
37,126,279
16.56
1,977,152
677,505
0.88
0.30
DBS GROUP HOLDINGS LTD
KEPPEL CORPORATION LTD
SINGAPORE POST
UNITED OVERSEAS BANK LTD
WILMAR INTERNATIONAL
E-MART
GS RETAIL
HYUNDAI MOBIS
HYUNDAI MOTOR
HYUNDAI WIA CORP
KOREA LINE
LG HOUSEHOLD & HEALTH CARE LTD
SAMSUNG CARD
SAMSUNG ELECTRONICS CO LTD
SAMSUNG LIFE INSURANCE CO
SEOUL SEMICONDUCTOR
SK HYNIX INC
S-OIL CORP
ADVANCED SEMI ENGR
CATHAY FINANCIAL HLDG CO
CHENG SHIN RUBBER INDUSTRY CO LTD
CHINA METAL PROD
DELTA ELECTRONIC INDUSTRIAL INC
EPISTAR CORP
FUBON FINANCIAL HOLDING
LEDLINK OPTICS INC
MITAC HOLDINGS
TAIWAN SEMICONDUCTOR MANUFACTURING CO
LTD
427,000 TONG HSING ELECTRON
64,000 TWI PHARMACEUTICALS INC
3,683,826
2,463,820
1,089,300
1,631,775
2,657,231
1,502,258
3,556,810
702,776
2,702,601
2,054,920
948,896
4,986,963
2,315,905
11,059,462
6,474,439
2,850,069
3,476,534
2,698,667
2,727,853
8,562,524
1,479
1,309,866
4,141,128
4,990,136
5,046,243
5,435
1,700,741
5,986,217
5.14
1.63
1.10
0.49
0.73
1.19
0.67
1.59
0.31
1.21
0.92
0.42
2.22
1.03
4.94
2.90
1.27
1.55
1.20
1.22
3.82
0.00
0.58
1.85
2.23
2.25
0.00
0.76
2.67
Thailand
1,108,838
United Kingdom
2,582,965
1.15
United States of America
4,601,450
2.05
946,400 TISCO FINL GRP PUBLIC CO.LTD
238,000 HSBC HOLDINGS HKD
25,807 COGNIZANT TECH SO-A
25,683 LAS VEGAS SANDS
1,108,838
2,582,965
2,583,023
2,018,427
0.49
0.49
1.15
1.15
0.90
The accompanying notes form an integral part of these financial statements
25
Equity Asia ex Japan
Securities Portfolio as at 31/12/13
Luxembourg
4,100 AMUNDI INTERINVEST CHINA A SHARES I C
Total securities portfolio
The accompanying notes form an integral part of these financial statements
26
% of NaV
Share/Units in investment funds
Market Value
Quantity
Share/Units of UCITS/UCIS
USD
4,314,471
1.92
4,314,471
1.92
4,314,471
4,314,471
1.92
1.92
224,923,911 100.31
Equity Brazil
Securities Portfolio as at 31/12/13
Automobiles and Parts
32,700 IOCHPE MAXION
482,036
16,800
96,070
110,600
154,300
22,890
65,660
254,940
Banks
BANCO BRADESCO PFD
BANCO BRADESCO SA BRAD N1
BANCO BRADESCO-SPONSORED ADR
BANCO DO BRASIL SA
BANCO ESTADO RIO GRANDE DO SUL
ITAU UNIBANCO ADR
ITAU UNIBANCO HOLDING SA
ITAU UNIBANCO HOLDING SA
Beverages
425,140 AMBEV SA
Chemicals
21,320 BRASKEM SP.ADR
Construction and Materials
111,740 ARTERIS
5,700
136,569
9,900
7,700
19,100
61,759
12,600
24,800
73,900
82,800
127,200
121,782
3,498
8,600
542,200
109,100
29,753
86,280
361,600
1,352,825
Electricity
AES TIETE
CEMIG SP ADR
CENTRAIS ELC SP ADR
CENTRAIS ELETRICAS BRASILEIRAS
CESP CIA ENERG SP PRF NPV ‘B’
CIA ENERG MINAS GERAIS PREF
CIA ENERGETICA DO CEARA COELCE PFD
CIA PARANAESE DE ENERGI PFB
ELETROBRAS
ELETROBRAS PREF B
ENERGIAS DO BRASIL S.A
ENEVA
EQUATORIAL ENERGIA SA - ORD
LIGHT S.A.
Financial Services
BOLSA DE MERCADORI
BRADESPAR PREF
CETIP BALCAO ORG.ATIVOS DERIV.
CIELO
GERDAU SA
ITAUSA INVESTIMENTOS PREF
84,404,653
98.44
2,188,288
2.55
84,401,110
1,168,182
1,020,106
362,445
362,445
13,860,617
5,943,557
227,511
1,203,757
1,143,847
824,062
310,617
819,614
3,387,652
3,121,067
3,121,067
380,562
380,562
902,250
902,250
3,673,994
43,005
1,063,872
25,641
33,880
181,506
366,743
224,307
320,924
183,868
348,500
611,936
154,856
34,324
80,632
13,823,773
2,541,779
1,159,780
305,189
2,400,867
2,312,815
5,103,343
98.44
1.36
1.19
0.42
0.42
16.18
6.94
0.27
1.40
1.33
0.96
0.36
0.96
3.96
3.64
3.64
0.44
0.44
1.05
1.05
4.28
0.05
1.25
0.03
0.04
0.21
0.43
0.26
0.37
0.21
0.41
0.71
0.18
0.04
0.09
16.13
2.96
1.35
0.36
2.80
2.70
5.96
Fixed Line Telecommunications
1,394,167
1.63
Food and Drug Retailers
2,488,108
2.90
Food Producers
4,624,248
5.39
16,700 TELEF BRAZIL
58,470 TELEF BRAZIL PFD
1,700 COMPANHIA BRASILEIRA DIST -ADR
54,246 PCAPN PCA4 PREFERRED
123,200
6,000
80,700
90,400
31,400
23,600
4,800
24,000
395,200
371,250
BRF
COSAN
COSAN CL A
HYPERMARCAS
MARFRIG FRIGORIFICOS E COM DE
MINERVA
Forestry and Paper
FIBRIA CELULOSE SA
FIBRIA CELULOSE SA
KLABIN PREF.SHS
SUZANO BAHIA SUL PAPEL PFD A
Gas, Water and Multiutilities
42,800 SABESP
38,000 SABESP SP.ADR
11,500 ULTRAPAR PARTICIPACOES SA
5,100
150,600
45,000
96,900
52,870
67,445
14,700
34,600
General Retailers
ABRIL EDUCACAO SA
ANHANGUERA EDUCACIONAL PARTICIPACOES
ANIMA
ESTACIO PARTICIPACOES S.A.
KROTON EDUCACIONAL SA
LOCALIZA RENT A CAR
SMILES
VIAVAREJO
Household Goods and Home Construction
17,922 DIRECIONAL ENG
78,200 TECNISA SA
Industrial Engineering
46,200 AUTOMETAL
91,200 MARCOPOLO PREF
84,700
226,279
31,000
77,500
47,700
82,300
147,500
53,310
224,900
USD
% of NaV
145,900 EMBRAER EMPRESA
31,700 EMBRAER SA ADR
99.18
Market Value
Aerospace and Defense
85,035,843
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Industrial Metals and Mining
METALURGICA GERDAU PREF
MMX MINERACAO TRUST UNITS
TUPY SA
USIMINAS PREFERED .SHS A
USINAS SIDERURGICAS DE MINAS GERAIS SA
VALE DO RIO DOCE
VALE DO RIO DOCE -PREF-A
VALE SA - ADR
VALE SA - PREF ADR
283,139
1,111,028
75,939
2,412,169
2,571,818
100,658
1,107,204
676,295
53,237
115,036
3,844,235
56,255
280,320
2,053,669
1,453,991
1,183,660
480,017
430,920
272,723
4,668,422
72,200
951,118
404,363
838,282
879,798
951,385
202,437
368,839
388,145
91,157
296,988
537,879
340,733
197,146
9,322,359
840,083
233,063
275,933
466,787
250,705
1,245,698
2,046,263
812,978
3,150,849
0.33
1.30
0.09
2.81
3.00
0.12
1.29
0.79
0.06
0.13
4.48
0.07
0.33
2.39
1.69
1.38
0.56
0.50
0.32
5.44
0.08
1.11
0.47
0.98
1.03
1.10
0.24
0.43
0.45
0.11
0.34
0.63
0.40
0.23
10.87
0.98
0.27
0.32
0.54
0.29
1.45
2.39
0.95
3.68
The accompanying notes form an integral part of these financial statements
27
Equity Brazil
Securities Portfolio as at 31/12/13
Media
46,600 SARAIVA SA LIVREIROS EDITORES
0.60
512,957
1,365,728
Oil and Gas Producers
GRAN TIERRA ENERGY INC
HRT PETROLEO
PACIFIC RUBIALES
PETROLEO BR SA-ADR
PETROLEO BRASILEIRO
PETROLEO BRASILEIRO PREF.SHS
PETROLEO BRASILEIRO-SP ADR
Personal Goods
Real Estate Investment and Services
BR MALLS PARTICIPACOES SA
BR PROPERTIES
CYRELA BRAZIL REALTY SA
EVEN CONSTRUTORA E INCORPORADO
EZ TEC EMPREENDIMENTOS PARTICI
HELBOR EMPREENDIMENTOS SA
JHSF PARTICIPACOES
Software and Computer Services
29,000 TOTVS
Travel, Leisure and Catering
4,500 IMC HOLDINGS NM
Convertible bonds
Real Estate Investment and Services
77,899 PDG REALTY 0% 19/09/2016 CV
Warrants, Rights
Forestry and Paper
13,601 KLABIN RIGHTS
Other transferable securities
Shares
Food Producers
169,800 JBS
Total securities portfolio
The accompanying notes form an integral part of these financial statements
28
512,957
1,870,950
312,924
Nonlife Insurance
94,700 CIA HERING
54,000
20,600
24,800
123,300
47,900
227,163
548,900
2.55
1,308,670
119,200 BB SEGURIDADE PARTICIPACOES SA
20,400 SUL AMERICA SA UNITS
28,000
116,900
60,200
7,600
85,200
633,300
37,900
2,183,874
Mobile Telecommunications
5,600 LINX
228,646 TIM PARTICIPACOES
% of NaV
248,400 CCR SA
683,585 PRUMO LOGISTICA
Market Value
Quantity
Industrial Transportation
USD
113,720
1,194,950
1,237,842
127,886
7,112,634
204,680
45,090
1,039,138
104,728
577,446
4,584,801
556,751
1,200,174
1,200,174
3,463,733
390,249
162,406
151,369
425,936
591,627
751,027
991,119
454,311
454,311
34,810
34,810
660
660
660
2,883
2.19
0.36
0.60
1.53
0.13
1.40
1.59
1.44
0.15
8.30
0.24
0.05
1.21
0.12
0.67
5.36
0.65
1.40
1.40
4.04
0.46
0.19
0.18
0.50
0.69
0.87
1.15
0.53
0.53
0.04
0.04
0.00
0.00
0.00
0.00
2,883
0.00
631,190
0.74
2,883
631,190
631,190
631,190
85,035,843
0.00
0.74
0.74
0.74
99.18
Equity Emerging Europe
Securities Portfolio as at 31/12/13
Czech Republic
33,741 CESKE ENERGETICKE ZAVODY A.S.
2,830 KOMERCNI BANKA AS
Germany
24,983 KAZAKHTELECOM GDR
Greece
10,365 FOLLI FOLLIE GROUP
9,816 HELLENIC EXCHANGE HOLDING
30,277 HELLENIC TELECOMMUNICATIONS
ORGANIZATIONS OTE
28,997 JUMBO SA
43,226 NATIONAL BANK OF GREECE
28,787 OPAP SA
158,169 PIRAEUS BANK S.A
11,389 TITAN CEMENT CO
Hungary
26,910 OTP BANK
17,798 RICHTER GEDEON
6,350
10,884
297,447
1,194,573
88.13
112,228
0.33
30,238,548
112,228
1,094,366
637,286
457,080
116,171
116,171
1,862,504
242,541
78,528
292,779
336,365
166,420
278,370
241,999
225,502
634,939
371,391
263,548
Luxembourg
3,248,571
Netherlands
385,170
EURASIA DRILLIN GDR
MEGAFON
SBERBANK OF RUSSIA
SBERBANK PREF
12,300 YANDEX CL A
85,520
4,514
3,726
92,852
18,682
12,200
27
1,216
26,219
38,464
38,962
16,344
2,400
30,238,548
Poland
BANK MILLENNIUM
BANK PEKAO SA
BANK ZACHODNI WBK
CYFROWY POLSAT SA
EUROCASH SA
GLOBE TRADE CENTRE
KGHM POLSKA MIEDZ SA
MBANK
ORANGE POLSKA SA
PGE POL GR EN SHS
PKO BANK POLSKI SA
POLSKI KONCERN NAFTOWY ORLEN SA
POWSZECHNY ZAKLAD UBEZPIECZEN
Romania
5,000 ROMGAZ SA GDR
207,373
265,397
665,049
2,110,752
385,170
2,517,689
148,090
194,873
347,338
442,163
214,278
21,860
766
146,228
61,797
150,603
369,389
161,164
259,140
36,830
36,830
88.13
0.33
3.19
1.86
1.33
0.34
0.34
5.43
0.71
0.23
0.85
0.97
0.49
0.81
0.71
0.66
1.85
1.08
0.77
9.47
0.60
0.77
1.94
6.16
1.12
1.12
7.34
399,871
24
189,661
404,929
58,660
51,884
77,171
10,408
59,200
35,242
14,275
95,930
61,251
157,882
24,470
7,304
2,530,280
311,998
118
42,152,629
88,188
176,322
85,366
27,642
7,648
165,144
46,062
105,382
54,377
5,824
25,542
111,353
37,878
192,116
69,158
196,019
168,320
67,020
Russia
16,188,256
47.17
Turkey
3,678,794
10.72
363,030
1.06
ALROSA CJSC
BASHNEFT
GAZPROM OAO
GAZPROM OAO-SPON ADR REG
LUKOIL SP ADR
MAGNIT GDR SPONSORED
MMC NORILSK NICKEL JSC-ADR
MOBILE TELESYSTEMS
MOBILE TELESYSTEMS-SP ADR
MOSCOW EXCHANGE MICEX-RT-BRD
NOVATEK OAO-SPONS GDR REG S
ROSNEFT OIL CIE
ROSNEFT OJSC-GDR
ROSTELEKOM PREF
SEVERSTAL OAO
SISTEMA JSFC-REG S SPONS GDR
SURGUTNEFTEGAZ PRF
TATNEFT PREF SHS
TRANSNEFT OJSC PREF SHS
VTB BANK
VTB BANK OJSC-GDR REG S
AKBANK
ANADOLU HAYAT SIGORTA AS
BIM BIRLESIK MAGAZALAR AS
COCA COLA ICECEK
EMLAK KONUT REIT
ENKA INSAAT VE SANAYI AS
HACI OMER SABANCI HOLDING
KOC HOLDING
KOZA ALTIN ISLETMELERI AS
TAV HAVALIMANLARI HOLDING AS
TURK HAVA YOLLARI
TURKCELL ILETISIM HIZMETL
TURKIYE GARANTI BANKASI
TURKIYE HALK BANKASI
TURKIYE IS BANKASI-C
TURKIYE VAKIFLAR BANKASI T.A.O
YAPI VE KREDI BANKASI
0.43
0.57
1.01
United Kingdom
1.29
0.62
6,347 BANK OF GEORGIA HOLDING
0.06
78,550 FERREXPO
0.00
Share/Units
of UCITS/UCIS
0.43
0.18
Share/Units in investment funds
0.44
Romania
1.08
0.47
1,816,038 S.C FONDUL PROPRIETATEA S.A
0.76 Total securities portfolio
0.11
EUR
% of NaV
9,850 TCS GROUP HOLDING
89.12
Market Value
Cyprus
30,577,631
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
315,207
1,060
581,010
2,512,533
2,658,528
2,492,632
930,790
75,409
929,276
50,396
1,418,228
533,405
338,493
261,076
172,781
170,256
1,445,782
839,821
224,009
45,886
191,678
399,040
151,672
405,223
133,688
117,143
93,664
307,550
161,634
43,673
133,296
242,227
145,217
451,656
283,827
307,883
217,187
84,214
182,705
180,325
0.92
0.00
1.69
7.32
7.75
7.27
2.71
0.22
2.71
0.15
4.13
1.55
0.99
0.76
0.50
0.50
4.21
2.45
0.65
0.13
0.56
1.16
0.44
1.18
0.39
0.34
0.27
0.90
0.47
0.13
0.39
0.71
0.42
1.31
0.83
0.90
0.63
0.25
0.53
0.53
339,083
0.99
339,083
0.99
30,577,631
89.12
339,083
339,083
0.99
0.99
0.11
The accompanying notes form an integral part of these financial statements
29
Equity Emerging Internal Demand
Securities Portfolio as at 31/12/13
262,000
45,600
8,700
198,000
788,000
152,545
33,800
18,100
71,280
53,500
91,510
20,930
61,300
24,800
158,900
12,000
105,900
33,900
48,974
31,784
41,500
15,600
151,330
35,100
48,630
56,510
535,568
248,500
295,400
26,504
24,470
10,300
35,105
84,000
12,800
39,773
58,300
11,000
27,300
27,800
Bermuda
CAFE DE CORAL HLDG LTD
COSAN CL A
CREDICORP LTD.
KUNLUN ENERGY
SIHUAN PHARMACEUTICAL HLDGS
Brazil
AMBEV SA
AMBEV SP ADS
ANIMA
ARTERIS
AUTOMETAL
BANCO BRADESCO PFD
BANCO BRADESCO-SPONSORED ADR
BANCO ESTADO RIO GRANDE DO SUL
BB SEGURIDADE PARTICIPACOES SA
BOLSA DE MERCADORI
BRF SP ADR
CCR SA
CEMIG SP ADR
CIA ENERG MINAS GERAIS PREF
CIELO
ESTACIO PARTICIPACOES S.A.
GERDAU PREF.
HELBOR EMPREENDIMENTOS SA
HYPERMARCAS
ITAU UNIBANCO ADR
ITAU UNIBANCO HOLDING SA
ITAUSA INVESTIMENTOS PREF
JHSF PARTICIPACOES
KLABIN PREF.SHS
KROTON EDUCACIONAL SA
LOCALIZA RENT A CAR
METALURGICA GERDAU PREF
PCAPN PCA4 PREFERRED
SUZANO BAHIA SUL PAPEL PFD A
TELEF BRAZIL
TELEF BRAZIL PFD
TIM PARTICIPACOES
TOTVS
TUPY SA
VIAVAREJO
Canada
40,200 PACIFIC RUBIALES
The accompanying notes form an integral part of these financial statements
30
227,145,788
99.71
928,397
0.41
226,529,841
928,397
3,693,482
844,750
625,632
1,154,751
348,822
719,527
19,134,536
1,119,874
248,430
162,644
575,554
394,572
1,128,328
262,253
327,382
257,538
744,907
250,440
797,639
264,081
290,822
884,436
359,016
121,268
500,314
262,588
659,909
750,907
2,020,355
448,703
1,535,055
441,047
345,176
102,159
1,561,021
328,984
217,017
755,754
304,688
172,325
242,999
296,351
693,910
693,910
99.44
0.41
1.62
0.37
0.27
0.51
0.15
0.32
8.40
0.49
0.11
0.07
0.25
0.17
0.50
0.12
0.14
0.11
0.33
0.11
0.35
0.12
0.13
0.39
0.16
0.05
0.22
0.12
0.29
0.33
0.88
0.20
0.67
0.19
0.15
0.04
0.69
0.14
0.10
0.33
0.13
0.08
0.11
0.13
0.30
0.30
Cayman Islands
78,140
140,500
426,000
644,011
211,000
523,500
33,175
181,000
105,800
929,000
954,000
AIRTAC INTERNATIONAL GROUP
BIOSTIME INTL
CHINA RESOURCES LAND LTD
COUNTRY GARDEN HOLDINGS CO
HENGAN INTERNATIONAL GROUP CO LTD
LIFESTYLE INTERNATIONAL HOLDINGS LTD
LIFESTYLE PROPERTIES DEVELOPMENT
LONGFOR PROPERTIES
TENCENT HOLDINGS LTD
WANT WANT CHINA HOLDINGS
XINYI GLASS HOLDINGS
16,994
24,900
363,729
24,087
CERVECERIAS SP.ADR
EMBOT AND SP ADR-B
ENERSIS
ENERSIS SA ADR
1,276,000
454,000
702,000
486,000
3,397,200
209,000
312,000
240,000
223,500
48,800
8,300
14,500
104,000
1,572,000
266,164
204,000
Chile
China
BEIJING CAPITAL INTL AIRPORT H
CHINA COMMUNICATION SERVI-H
CHINA COMMUNICATIONS CONSTR H
CHINA LIFE INSURANCE CO-H
CHINA PETROLEUM & CHEMICAL H
CHINA SHENHUA ENERGY CIE LTD
CHINA SUNTIEN GREEN ENERGY H
FIRST TRACTOR H
GREAT WALL MOTOR
MINDRAY MEDICAL INTERNATIONAL
NETEASE SP ADR SHS
NW ORIENTL ED & TECHNO GP ADR
PING AN INSURANCE GROUP CO-H
SHANDONG WEIGAO GROUP MEDICAL
WUMART STORES
ZHUZHOU CSR TIMES ELECTRIC CO H
Czech Republic
4,135 KOMERCNI BANKA AS
Egypt
54,637 COMMERCIAL INTL BANK (EGYPT)
Greece
21,216 HELLENIC EXCHANGE HOLDING
65,500
794,000
100,352
291,500
658,000
590,000
546,000
Hong Kong (China)
BEIJING ENTERPRISE
BRILLIANCE CHINA AUTOMOTIVE
CHINA MERCHANTS HOLDINGS
CHINA MOBILE LTD
CHINA OVERSEAS LAND & INVESTMENT LTD
CHINA RESOURCES POWER
CHINA UNICOM
USD
15,986,549
% of NaV
26,599 ERSTE GROUP BANK
99.71
Market Value
Austria
227,145,788
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
7.02
634,486
1,253,014
1,055,967
388,711
2,492,673
969,524
6,846
253,044
6,748,808
1,341,903
841,573
0.28
0.55
0.46
0.17
1.09
0.43
0.00
0.11
2.97
0.59
0.37
409,726
703,176
109,094
361,064
0.18
0.30
0.05
0.16
1,583,060
15,439,457
998,911
281,051
565,854
1,519,971
2,773,399
659,041
117,094
188,192
1,233,697
1,774,368
652,380
456,750
931,522
2,120,663
432,521
734,043
0.69
6.78
0.44
0.12
0.25
0.67
1.22
0.29
0.05
0.08
0.54
0.78
0.29
0.20
0.41
0.93
0.19
0.32
920,269
0.40
256,179
0.11
920,269
256,179
233,877
233,877
13,545,237
649,613
1,294,360
366,269
3,022,609
1,849,992
1,398,572
816,842
0.40
0.11
0.10
0.10
5.95
0.29
0.57
0.16
1.33
0.81
0.61
0.36
Equity Emerging Internal Demand
Securities Portfolio as at 31/12/13
ASTRA INTERNATIONAL TBK PT
BANK CENTRAL ASIA
GUDANG GARAM
INDOCEMENT TUNGGAL PRAKARSA TBK PT
PT JASA MARGA TBK
SUMMARECON AGUNG
SURYA CITRA MEDIA
TELKOM INDONESIA SERIE B
UNITED TRACTORS
Luxembourg
272,308 SBERBANK OF RUSSIA
405,563 SBERBANK PREF
456,700
248,962
1,530,400
109,000
Malaysia
AXIATA GROUP BHD
CIMB GROUP HOLDINGS BERHAD
GENTING MALAYSIA BHD
HONG LEONG BANK
1,744,647
291,501
478,090
862,278
763,187
724,482
567,451
430,388
987,779
1,027,911
1,042,863
372,553
2,049,403
1,214,442
3,271,026
1,145,041
464,989
2,510,666
777,250
169,275
1,462,918
526,592
747,184
704,163
2,261,554
615,451
1,624,474
5,320,473
1,058,554
1,373,740
358,916
360,723
339,330
311,359
464,282
877,932
175,637
1,826,406
838,954
987,452
7,189,115
962,066
579,179
2,046,463
479,197
12.66
0.77
0.13
0.21
0.38
0.34
0.32
0.25
0.19
0.43
0.45
0.46
0.16
0.90
0.53
1.45
0.50
0.20
1.10
0.34
0.07
0.64
0.23
0.33
0.31
0.99
0.27
0.71
2.34
0.46
0.60
0.16
0.16
0.15
0.14
0.20
0.39
0.08
0.80
0.37
0.43
3.16
0.42
0.25
0.91
0.21
IJM CORP BHD
MAXIS BERHAD
MEDIA PRIMA BHD
PUBLIC BANK -FSUNWAY
UEM LAND HOLDINGS
249,600
77,700
42,400
127,700
719,468
93,031
9,600
73,968
AMERICA MOVIL L
AMERICA MOVIL-ADR-L
ARCA CONTINENTAL
BOLSA MEXICANA DE VALORES
CEMENTOS DE MEXICO CPO
CEMEX LATAM HLDG
CEMEX SAB DE CV-SPONS ADR PART CER
CONCENTRADORA FIBRA HOTELERA MEXICANA
REIT
FIBRA UNO ADMINISTRACION SA
FOMENTO ECONOMICO MEXICANO SA DE CV
FEMSA ADR
GERDAU SA
GERDAU SP.ADR
GRUPO BIMBO SA DE CV BIMBO
GRUPO CARSO S.A1
GRUPO FIN BANORTE
GRUPO FINANCIERO INBURSA S.A.B
GRUPO INDUSTRIAL MASECA S.A.B.
GRUPO TELEVISA GDR
INFRAESTRUCTURA ENERGETICA NOVA SAB DE
CV
MEXICHEM S.A.B. DE C.V
70,200
15,200
36,400
52,700
195,100
65,600
438,100
305,500
171,400
57,600
26,400
129,145
Mexico
Netherlands
26,000 YANDEX CL A
Panama
3,200 COPA HOLDINGS CLASS A
Peru
7,226 GRANA Y MONTERO SAA ADR
648,200
30,358
940,800
437,966
17,487,000
59,100
341,610
368,140
206,320
464,954
510,198
77,529
Philippines
ABS-CBN HOLDINGS CORP-PDR
AYALA CORP
AYALA LAND INC
BANCO DE ORO UNIBANK
FILINVEST LAND
FIRST GEN
FIRST PHILIPPINE HOLDINGS CORP
INTERNATIONAL CONTAINER TERMIN
JOLLIBEE FOODS CORP.
METRO BANK & TRUST
SECURITY BANK
SM INVESTMENTS CORP
USD
% of NaV
1,894,500
1,741,500
104,000
219,500
874,000
4,858,000
2,152,500
4,969,500
112,500
Indonesia
28,837,558
157,400
182,800
931,600
174,800
386,766
450,800
Market Value
APOLLO HOSPITALS ENTERPRISE
BAJAJ AUTO
BANK NEGARA INDONESIA PERSERO
BHARAT PETROLEUM CORPORATION LIMITED
CADILLA HEALTHCARE LTD
CAIRN INDIA LTD
CIPLA LTD
DLF LTD
DR REDDY’S LABORATORIES
EICHER MOTORS LTD
GATEWAY DISTRIPARKS LTD
GRASIM INDUSTRIES
HDFC BANK
ICICI BANK
ITC LTD
JINDAL STEEL & POWER LTD
LARSEN & TOUBRO LTD
LUPIN
MAHINDRA & MAHINDR
MARUTI SUZUKI SHS
NTPC LTD
OIL & NATURAL GAS CORPORATION LTD
PETRONET
POWER GRID CORP OF INDIA
RELIANCE INDUSTRIES LTD
TATA MOTORS
ZEE ENTERTAINMENT SHS DEMATERIALISED
India
0.19
0.53
0.59
0.11
0.40
Quantity
114,027
9,436
1,473,000
153,309
58,273
138,418
87,574
159,698
24,106
12,778
460,266
8,489
190,382
68,368
628,645
271,366
26,874
171,004
50,918
5,936
660,502
112,746
378,673
435,996
156,265
101,139
363,275
USD
435,950
1,205,113
1,347,119
255,695
903,103
% of NaV
CN TAIPING INSU SHS
CNOOC LIMITED
GUANGDONG INVESTMENT LTD
LUKS GROUP VIETNAM HOLDINGS
SHANGHAI INDUSTRIAL HOLDINGS
Market Value
Quantity
213,400
648,000
1,378,000
862,000
247,000
282,558
405,728
745,170
1,042,775
321,175
324,804
0.12
0.18
0.33
0.46
0.14
0.14
290,057
1,815,849
264,330
291,824
842,676
712,660
113,568
118,036
0.13
0.80
0.12
0.13
0.37
0.31
0.05
0.05
15,341,823
224,153
1,487,624
6.73
0.10
0.65
232,817
413,168
598,835
347,856
3,055,997
861,418
1,292,717
1,742,976
105,159
0.10
0.18
0.26
0.15
1.33
0.38
0.57
0.77
0.05
1,121,900
0.49
530,103
1,121,900
512,352
512,352
153,408
153,408
8,022,615
467,356
354,316
524,639
676,944
555,550
17,391
413,326
846,061
804,687
791,467
1,328,876
1,242,002
0.23
0.49
0.22
0.22
0.07
0.07
3.52
0.21
0.16
0.23
0.30
0.24
0.01
0.18
0.37
0.35
0.35
0.57
0.55
The accompanying notes form an integral part of these financial statements
31
Equity Emerging Internal Demand
Securities Portfolio as at 31/12/13
Singapore
814,000 FIRST RESOURCES LTD
1,366,767
1,366,767
South Africa
12,546,450
South Korea
36,502,254
ASPEN PHARMACARE
FIRSTRAND
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
MR PRICE GROUP
MTN GROUP LTD
NASPERS -NSANLAM LTD
WOOLWORTHS HOLDINGS LTD
DAEWOO INTL
DAUM COMMUNICATIONS CORP
E-MART
GRAND KOREA LEISURE CO LTD
HANA FINANCIAL GROUP
HYUNDAI DEPARTMENT STORE NEW
HYUNDAI GREENFOOD
HYUNDAI HOME SHOPPING NETWORK CO
HYUNDAI MIPO DOCK
HYUNDAI MOBIS
HYUNDAI MOTOR
HYUNDAI MOTOR CO LTD-PFD
HYUNDAI WIA CORP
KIA MOTORS CORP
KOREA ELECTRIC POWER CORP
KOREA ZINC
LG CHEM
LG CHEMICAL PREF ISSUE 01
LG CORP
LG HAUSYS LTD
LG HOUSEHOLD & HEALTH CARE LTD
NAVER CORP
The accompanying notes form an integral part of these financial statements
32
882,504
518,319
1,746,946
582,018
632,812
1,229,828
718,041
3,975,971
4,871,994
265,795
269,991
934,518
378,312
1,037,616
715,092
1,562,405
2,184,755
1,806,539
1,175,906
259,912
2,047,700
2,615,203
586,772
1,133,141
730,334
2,962,483
1,244,760
2,967,897
188,575
655,373
360,404
1,429,001
745,027
0.50
0.23
0.27
1.38
0.39
0.23
0.76
0.60
0.60
5.51
0.26
0.28
0.54
0.32
1.74
2.13
0.12
0.12
16.03
0.41
0.17
0.46
0.31
0.69
0.96
0.79
0.52
0.11
0.90
1.15
0.26
0.50
0.32
1.29
0.55
1.29
0.08
0.29
0.16
0.63
0.33
523,758
644,791
432,083
102,000
628,947
555,000
87,800
232,500
1,570,300
2,177,500
382,100
3,077,075
616,300
312,200
336,100
121,000
432,300
78,600
137,200
1,260,000
4,236,000
USD
% of NaV
3,147,769
0.13
0.36
0.41
0.09
0.27
0.32
0.22
299
93,137
12,572
3,697
48,042
3,927
23,132
Market Value
Russia
520,149
619,323
1.80
Quantity
1,139,472
40,800 MOBILE TELESYSTEMS-SP ADR
263,042 MOSCOW EXCHANGE MICEX-RT-BRD
6,229 OJSC MAGNIT
23,880
4,753
4,109
18,680
37,560
14,321
113,484
6,672
1,541
7,363
11,670
4,954
6,294
13,739
89,970
4,131
10,458
1,305
10,807
2,688
2,752
1,086
288,463
832,226
947,338
206,068
607,466
730,787
493,518
Qatar
32,545 DOHA BANK
13,112 QATAR NATIONAL BANK
22,685
184,673
307,714
45,930
191,887
46,558
52,289
37,881
4,105,866
% of NaV
BANK MILLENNIUM
BANK PEKAO SA
BANK ZACHODNI WBK
CYFROWY POLSAT SA
MBANK
PKO BANK POLSKI SA
POWSZECHNY ZAKLAD UBEZPIECZEN
Market Value
Quantity
120,892
13,990
7,375
31,404
3,666
55,939
3,317
Poland
USD
ORION CORP
PARADISE
SAMSUNG CORP
SAMSUNG FIRE & MARINE
SHINHAN FINANCIAL GROUP
SHINSEGAE
WOONG JIN COWAY CO LTD
268,869
2,334,272
721,906
907,304
2,153,207
939,563
1,455,408
0.12
1.02
0.32
0.40
0.95
0.41
0.64
CHINATRUST FIN HLDG
FAR EASTERN TEXTILE
FORMOSA PLASTICS
HUAKU CONSTRUCTION
TAIWAN CEMENT
YUANTA FINANCIAL HOLDINGS CO LTD
357,625
744,236
1,167,068
288,168
976,020
331,471
0.16
0.33
0.50
0.13
0.43
0.15
Taiwan
Thailand
ADVANCED INFO SCE PUB.FRGN RGD
GLOW ENERGY PLC FOREIGN
HANA MICROELECTRONICS-FOREIGN
IRPC PUBLIC COMPANY
KASIKORNBANK -FKRUNG THAI BANK PUBLIC FOREIGN
LAND & HOUSES NVDR
LAND AND HOUSE -FL.P.N. DEVELOPMENT NVDR
PTT EXPLORATION PRODUC PUBLIC
PTT GLOBAL CHEM
SIAM CEMENT -FSIAM COMMCL BANK -FTESCO LOTUS RETAIL GROWTH
THAI BEVERAGE
3,864,588
11,767,824
5.17
533,053
498,821
1,206,637
216,027
1,843,059
1,545,094
167,860
85,033
158,538
613,102
1,039,310
971,139
599,154
479,307
1,811,690
0.23
0.22
0.53
0.09
0.81
0.68
0.07
0.04
0.07
0.27
0.46
0.43
0.26
0.21
0.80
278,861
1,511,345
1,016,789
0.12
0.66
0.45
United Arab Emirates
2,806,995
United Kingdom
4,714,645
17,991 DAMAC REAL ESTATE GDR
726,592 EMAAR PROPERTIES
198,652 FIRST GULF BANK
1.70
1.23
2.07
4,017 BANK OF GEORGIA HOLDING
58,156 SABMILLER
38,157 UNILEVER
159,337
2,986,802
1,568,506
0.07
1.31
0.69
5,700 BAIDU ADS
37,200 YUM BRANDS INC
1,013,916
2,812,692
0.45
1.23
United States of America
Convertible bonds
Brazil
20,477 PDG REALTY 0% 19/09/2016 CV
3,826,608
174
174
174
Warrants, Rights
615,773
10,891 KLABIN RIGHTS
2,308
Brazil
2,308
1.68
0.00
0.00
0.00
0.27
0.00
0.00
Equity Emerging Internal Demand
Securities Portfolio as at 31/12/13
% of NaV
Market Value
Quantity
USD
Curacao
285,765
0.13
United Kingdom
327,700
0.14
227,145,788
99.71
6,741 MERRILL LYNCH WARRANT JARIR MARKETING
24/03/2014
11,073 EMTN HSBC BANK ELN HERFY FOOD SERVICES
08/10/2015
Total securities portfolio
285,765
327,700
0.13
0.14
The accompanying notes form an integral part of these financial statements
33
Equity Emerging World
Securities Portfolio as at 31/12/13
207,000
130,000
98,180
32,800
800,000
1,436,000
15,307
239,240
90
48,300
166,920
121,800
101,400
186,647
2,639
151,260
66,600
239,565
96,939
137,300
116,548
10,700
117,700
27,652
35,535
20,100
58,028
66,100
88,700
46,300
49,200
121,521
99,600
193,200
78,500
177,562
332,110
50
69,700
42,100
180,015
151,490
Bermuda
ASIAN CITRUS HOLDINGS LTD
CAFE DE CORAL HLDG LTD
COSAN CL A
CREDICORP LTD.
KUNLUN ENERGY
SIHUAN PHARMACEUTICAL HLDGS
Brazil
AES TIETE
AMBEV SA
AMBEV SP ADS
ANIMA
ARTERIS
AUTOMETAL
BANCO BRADESCO PFD
BANCO BRADESCO-SPONSORED ADR
BANCO DO BRASIL SA
BANCO ESTADO RIO GRANDE DO SUL
BB SEGURIDADE PARTICIPACOES SA
BOLSA DE MERCADORI
BRADESPAR PREF
CCR SA
CEMIG SP ADR
CIA ENERGETICA DO CEARA COELCE PFD
CIA HERING
CIELO
COMPANHIA BRASILEIRA DIST -ADR
CPELBN SP.ADR
DIRECIONAL ENG
ELETROBRAS PREF B
EMBRAER EMPRESA
EMBRAER SA ADR
ENERGIAS DO BRASIL S.A
ENEVA
ESTACIO PARTICIPACOES S.A.
EVEN CONSTRUTORA E INCORPORADO
EZ TEC EMPREENDIMENTOS PARTICI
GERDAU PREF.
HELBOR EMPREENDIMENTOS SA
HRT PETROLEO
HYPERMARCAS
IOCHPE MAXION
ITAU UNIBANCO ADR
ITAU UNIBANCO HOLDING SA
The accompanying notes form an integral part of these financial statements
34
578,407,920
98.01
446,912
0.08
552,974,747
84,732
362,180
8,897,187
56,864
419,151
1,347,030
4,353,544
1,409,379
1,311,219
60,709,846
115,487
1,756,325
662
434,016
1,347,803
898,297
1,250,273
2,338,687
27,293
807,826
691,614
1,123,057
1,030,503
1,034,144
907,909
190,483
1,491,663
769,457
1,587,348
264,114
295,149
278,211
710,197
1,489,934
236,692
154,524
861,639
667,403
969,577
1,380,297
1,097,993
19
521,436
466,635
2,442,804
2,013,004
93.70
0.01
0.07
1.51
0.01
0.07
0.23
0.74
0.24
0.22
10.28
0.02
0.30
0.00
0.07
0.23
0.15
0.21
0.40
0.00
0.14
0.12
0.19
0.17
0.18
0.15
0.03
0.25
0.13
0.27
0.04
0.05
0.05
0.12
0.25
0.04
0.03
0.15
0.11
0.16
0.23
0.19
0.00
0.09
0.08
0.41
0.34
1,177,355
591,000
524,407
65,566
9,000
50,485
17,000
72,800
85,100
397,284
26,139
84,100
105,000
404,175
72
1,851,419
24,086
116,700
24,000
386,286
143,900
31,803
55
44
75,300
27,200
71,400
71,300
51,000
182,698
756
82
71,100
ITAUSA INVESTIMENTOS PREF
JHSF PARTICIPACOES
KLABIN PREF.SHS
KROTON EDUCACIONAL SA
LINX
LOCALIZA RENT A CAR
MARCOPOLO PREF
METALURGICA GERDAU PREF
MINERVA
MMX MINERACAO TRUST UNITS
PCAPN PCA4 PREFERRED
PETROLEO BR SA-ADR
PETROLEO BRASILEIRO
PETROLEO BRASILEIRO PREF.SHS
PETROLEO BRASILEIRO-SP ADR
PRUMO LOGISTICA
SABESP
SARAIVA SA LIVREIROS EDITORES
SMILES
SUZANO BAHIA SUL PAPEL PFD A
TECNISA SA
TELEF BRAZIL
TELEF BRAZIL PFD
TELEFONICA BRAZIL ADR 1 PFD
TIM PARTICIPACOES
TOTVS
TUPY SA
USIMINAS PREFERED .SHS A
VALE DO RIO DOCE
VALE DO RIO DOCE -PREF-A
VALE SA - ADR
VALE SA - PREF ADR
VIAVAREJO
Canada
140,612 PACIFIC RUBIALES
109,500
165,910
91,500
898,877
2,289,431
221,970
274,363
384,500
26,625
468,500
534,728
187,767
1,390,000
1,424,000
Cayman Islands
AAC TECHNOLOGIES HOLDINGS IN
AIRTAC INTERNATIONAL GROUP
BIOSTIME INTL
CHINA RESOURCES LAND LTD
COUNTRY GARDEN HOLDINGS CO
ENN ENERGY HOLDINGS LTD
HENGAN INTERNATIONAL GROUP CO LTD
LIFESTYLE INTERNATIONAL HOLDINGS LTD
LIFESTYLE PROPERTIES DEVELOPMENT
LONGFOR PROPERTIES
MSTAR SEMICONDUCTOR INC
TENCENT HOLDINGS LTD
WANT WANT CHINA HOLDINGS
XINYI GLASS HOLDINGS
Chile
18,015 CERVECERIAS SP.ADR
USD
% of NaV
26,552 BANCO MACRO BANSUD B
18,200 NORTEL INV SP.ADR-B
98.68
Market Value
Argentina
582,400,058
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
4,441,406
1,067,137
2,725,098
1,091,069
182,765
712,146
36,749
722,055
414,811
409,195
1,162,329
1,158,898
711,641
2,926,042
1,058
847,523
270,133
1,284,594
330,510
1,512,879
546,502
539,202
1,045
846
393,533
426,112
635,537
429,444
771,939
2,534,562
11,529
1,149
757,933
0.75
0.18
0.46
0.18
0.03
0.12
0.01
0.12
0.07
0.07
0.20
0.20
0.12
0.50
0.00
0.14
0.05
0.22
0.06
0.26
0.09
0.09
0.00
0.00
0.07
0.07
0.11
0.07
0.13
0.43
0.00
0.00
0.13
2,427,165
0.41
2,427,165
34,027,573
0.41
5.77
531,700
1,347,166
816,020
2,228,133
1,381,850
1,641,780
3,241,219
712,095
5,494
654,977
6,225,805
11,977,350
2,007,799
1,256,185
0.09
0.23
0.14
0.38
0.23
0.28
0.55
0.12
0.00
0.11
1.05
2.04
0.34
0.21
434,342
0.07
3,739,416
0.63
Equity Emerging World
Securities Portfolio as at 31/12/13
13,719 TCS GROUP HOLDING
Czech Republic
22,987 CESKE ENERGETICKE ZAVODY A.S.
8,746 KOMERCNI BANKA AS
Egypt
137,651 COMMERCIAL INTL BANK (EGYPT)
14,116 TALAAT MOUSTAFA GROUP
Greece
56,071 HELLENIC EXCHANGE HOLDING
57,268 HELLENIC TELECOMMUNICATIONS
ORGANIZATIONS OTE
75,715 JUMBO SA
197,691 PIRAEUS BANK S.A
156,500
1,500,000
494,386
795,345
1,358,000
Hong Kong (China)
BEIJING ENTERPRISE
BRILLIANCE CHINA AUTOMOTIVE
CHINA MERCHANTS HOLDINGS
CHINA MOBILE LTD
CHINA OVERSEAS LAND & INVESTMENT LTD
1,488,972
729,246
1,197,202
1,157,618
4,137,700
5,865,642
3,690,810
257,082
1,134,231
396,772
2,569,513
1,937,988
1,430,520
1,034,145
2,370,922
2,095,924
1,974,968
496,394
1,837,735
0.25
0.12
0.20
0.20
0.70
1.00
0.63
0.04
0.19
0.07
0.44
0.33
0.24
0.18
0.40
0.36
0.33
0.08
0.31
35,803,384
215,388
215,388
2,544,738
598,263
1,946,475
657,966
6.07
0.04
0.04
0.43
0.10
0.33
0.11
645,411
12,555
0.11
0.00
618,104
763,083
0.10
0.13
3,008,218
1,210,246
416,785
33,844,708
1,552,130
2,445,264
1,804,430
8,247,056
3,818,067
0.51
0.21
0.07
5.73
0.26
0.41
0.31
1.40
0.65
625,250
879,699
1,301,370
476,600
1,415,830
2,324,000
1,586,819
553,000
198,645
CHINA OVERS.GRAND OCEANS GROUP
CHINA RESOURCES POWER
CHINA UNICOM
CN TAIPING INSU SHS
CNOOC LIMITED
GUANGDONG INVESTMENT LTD
LENOVO GROUP LTD
SHANGHAI INDUSTRIAL HOLDINGS
WHARF HOLDINGS
Hungary
34,254 OTP BANK
54,927 RICHTER GEDEON
13,977
2,563,000
395,366
31,694
306,692
136,421
149,672
43,024
235,592
32,624
117,654
104,188
79,309
136,409
23,755
688,638
289,243
919,050
99,166
258,431
95,514
108,283
3,738,000
3,323,000
1,488,553
331,500
371,000
2,191,000
4,868,000
2,438,000
10,684,200
315,000
47,250
506,858
1,083,479
27,057
USD
595,917
2,085,293
1,946,911
973,636
2,633,078
2,271,918
1,929,863
2,021,928
1,519,217
0.10
0.35
0.33
0.16
0.45
0.38
0.33
0.34
0.26
651,422
1,120,746
0.11
0.19
1,772,168
India
28,112,491
Indonesia
11,491,593
BAJAJ AUTO
BANK NEGARA INDONESIA PERSERO
BHARAT PETROLEUM CORPORATION LIMITED
CADILLA HEALTHCARE LTD
CAIRN INDIA LTD
CIPLA LTD
DLF LTD
DR REDDY’S LABORATORIES
GATEWAY DISTRIPARKS LTD
HCL TECHNOLOGIES LTD
HDFC BANK
ICICI BANK
LARSEN & TOUBRO LTD
LUPIN
MARUTI SUZUKI SHS
NTPC LTD
OIL & NATURAL GAS CORPORATION LTD
POWER GRID CORP OF INDIA
RELIANCE INDUSTRIES LTD
TATA MOTORS
TECH MAHINDRA LTD
WIPRO
ASTRA INTERNATIONAL TBK PT
BANK CENTRAL ASIA
BANK MANDIRI
GUDANG GARAM
INDOCEMENT TUNGGAL PRAKARSA TBK PT
PT JASA MARGA TBK
SUMMARECON AGUNG
SURYA CITRA MEDIA
TELKOM INDONESIA SERIE B
UNITED TRACTORS
Luxembourg
EURASIA DRILLIN GDR
SBERBANK OF RUSSIA
SBERBANK PREF
SBERBANK RUS.ADR
% of NaV
Cyprus
0.09
0.05
0.08
0.02
0.07
0.13
0.03
0.06
0.03
Market Value
BEIJING CAPITAL INTL AIRPORT H
CHINA COMMUNICATION SERVI-H
CHINA COMMUNICATIONS CONSTR H
CHINA CONSTRUCTION BANK H
CHINA LIFE INSURANCE CO-H
CHINA PETROLEUM & CHEMICAL H
CHINA SHENHUA ENERGY CIE LTD
CHINA SUNTIEN GREEN ENERGY H
CHINA TELECOM
FIRST TRACTOR H
GREAT WALL MOTOR
MINDRAY MEDICAL INTERNATIONAL
NETEASE SP ADR SHS
NW ORIENTL ED & TECHNO GP ADR
PETROCHINA CO LTD-H
PING AN INSURANCE GROUP CO-H
SHANDONG WEIGAO GROUP MEDICAL
WUMART STORES
ZHUZHOU CSR TIMES ELECTRIC CO H
514,006
298,801
478,447
128,173
396,644
808,695
181,299
348,305
150,704
Quantity
1,902,000
1,178,000
1,485,251
1,534,341
1,323,000
7,184,962
1,170,457
685,000
2,243,511
506,000
465,500
53,300
18,200
32,830
2,162,773
234,000
1,464,000
305,470
510,730
China
USD
% of NaV
CFR PHARMACEUT
EMBOTELLADORA ANDINA S.A. -BEMBOTELLADORA ANDINA SA PFD A
EMPRESA NACIONAL DE TELECOM.
ENERSIS
ENERSIS SA ADR
HABITAT
INVERSIONES LA CONSTRUCTION SA
SONDA
Market Value
Quantity
2,288,851
65,069
135,892
9,445
1,322,440
53,949
136,873
24,732
62,847
431,783
831,870
2,223,714
415,089
1,605,230
883,963
403,368
1,762,972
533,800
665,903
1,266,509
1,850,724
1,372,249
2,002,746
677,414
1,525,235
1,350,938
1,484,328
1,435,186
1,572,604
2,837,934
978,932
2,088,612
2,621,267
960,160
1,144,043
609,696
850,656
312,000
525,863
1,887,513
491,783
8,415,898
2,126,250
1,561,579
2,638,022
340,377
0.30
4.76
0.07
0.14
0.38
0.07
0.27
0.15
0.07
0.30
0.09
0.11
0.21
0.31
0.23
0.34
0.11
0.26
0.23
0.25
0.24
0.27
0.49
0.17
1.95
0.36
0.45
0.16
0.19
0.10
0.14
0.05
0.09
0.33
0.08
1.43
0.36
0.26
0.45
0.06
The accompanying notes form an integral part of these financial statements
35
Equity Emerging World
Securities Portfolio as at 31/12/13
260,637
Netherlands
28,700 YANDEX CL A
Panama
7,300 COPA HOLDINGS CLASS A
Peru
64,800 CIA DE MINAS BUENAVENTURA-SP ADR
16,838 GRANA Y MONTERO SAA ADR
The accompanying notes form an integral part of these financial statements
36
402,949
1,687,566
1,390,749
2,514,568
650,652
698,136
1,538,632
2,113,331
1,137,948
1,920,306
556,349
1,131,318
491,961
0.07
0.29
0.24
0.42
0.11
0.12
0.26
0.36
0.19
0.33
0.09
0.19
0.08
16,234,465
35,330,550
139,526
554,687
3,944,132
659,577
397,173
1,762,176
1,784,227
591,500
322,885
1,003,580
1,917,567
152,866
816,740
1,187,540
912,592
5,939,001
1,870,589
2,897,677
3,109,095
3,652,715
323,013
321,852
1,069,840
1,238,405
1,238,405
1,168,803
1,168,803
1,084,527
727,056
357,471
2.75
5.99
0.02
0.09
0.68
0.11
0.07
0.30
0.30
0.10
0.05
0.17
0.32
0.03
0.14
0.20
0.15
1.02
0.32
0.49
0.53
0.62
0.05
0.05
0.18
0.21
0.21
0.20
0.20
0.18
0.12
0.06
71,064
2,027,700
717,013
109,500
247,370
496,490
695,778
11,107,400
7,380
125,736
106,355
140,869
26,725
16,491
125,344
7,748
2,870
109,205
8,004
Philippines
9,281,097
1.57
Poland
8,772,384
1.49
AYALA CORP
AYALA LAND INC
BANCO DE ORO UNIBANK
FIRST GEN
FIRST PHILIPPINE HOLDINGS CORP
INTERNATIONAL CONTAINER TERMIN
METRO BANK & TRUST
METRO PACIFIC
PHIL LONG DIST TEL
SECURITY BANK
SM INVESTMENTS CORP
BANK MILLENNIUM
BANK PEKAO SA
BANK ZACHODNI WBK
CYFROWY POLSAT SA
MBANK
MOSTOSTAL WARSZAWA
PKO BANK POLSKI SA
POWSZECHNY ZAKLAD UBEZPIECZEN
Qatar
52,202 DOHA BANK
27,433 QATAR NATIONAL BANK
660,493
53,144
300
5,039
124,128
70,101
70,800
540,633
29,417
20,763
94,669
5,947,091
388,699
Russia
GAZPROM OAO-SPON ADR REG
LUKOIL SP ADR
MECHEL OAO ADR
MEGAFON OJSC
MMC NORILSK NICKEL JSC-ADR
MOBILE TELESYSTEMS
MOBILE TELESYSTEMS-SP ADR
MOSCOW EXCHANGE MICEX-RT-BRD
NOVATEK OAO-SPONS GDR REG S
OJSC MAGNIT
ROSNEFT OJSC-GDR
SURGUTNEFTEGAZ PRF
TATNEFT PREF SHS
Singapore
442,000 FIRST RESOURCES LTD
12,114
76,235
54,864
37,282
54,914
2,026
414,683
14,515
USD
% of NaV
23,900
104,176
386,900
172,100
851,400
663,400
384,200
941,944
120,711
13,050
80,800
ALSEA SAB DE CV
AMERICA MOVIL L
AMERICA MOVIL-ADR-L
ARCA CONTINENTAL
BOLSA MEXICANA DE VALORES
CEMENTOS DE MEXICO CPO
CEMEX LATAM HLDG
CEMEX SAB DE CV-SPONS ADR PART CER
CONCENTRADORA FIBRA HOTELERA MEXICANA
REIT
FIBRA UNO ADMINISTRACION SA
FOMENTO ECONOMICO MEXICANO SA DE CV
FEMSA ADR
GERDAU SA
GERDAU SP.ADR
GRUPO BIMBO SA DE CV BIMBO
GRUPO CARSO S.A1
GRUPO FIN BANORTE
GRUPO FINANCIERO INBURSA S.A.B
GRUPO INDUSTRIAL MASECA S.A.B.
GRUPO MEXICO SAB DE CV -BGRUPO TELEVISA GDR
INDUSTRIAS PENOLES SA DE CV
INFRAESTRUCTURA ENERGETICA NOVA SAB DE
CV
MEXICHEM S.A.B. DE C.V
0.30
Market Value
314,300
19,593
Mexico
1,749,670
Quantity
44,800
477,320
168,769
105,800
173,800
1,504,528
232,914
50,000
202,338
AMMB HOLDINGS BHD
AXIATA GROUP BHD
CIMB GROUP HOLDINGS BERHAD
GENTING MALAYSIA BHD
HONG LEONG BANK
IJM CORP BHD
KUALA LUMPUR KEPONG
MALAYAN BANKING
MAXIS BERHAD
PUBLIC BANK -FSAPURAKENCANA PETROLEUM
SIME DARBY
UEM LAND HOLDINGS
USD
% of NaV
182,300
801,100
597,818
1,880,462
148,000
388,900
202,400
696,396
512,700
321,900
371,900
389,245
682,800
Malaysia
Market Value
Quantity
55,900 TERNIUM SA ADR
South Africa
ANGLO PLATINUM LTD
ANGLOGOLD ASHANTI
ASPEN PHARMACARE
BIDVEST GROUP
DISCOVERY HLDGS
EXXARO RESOURCES LTD
FIRSTRAND
KUMBA IRON ORE LTD
829,407
1,130,752
1,108,254
32,221
299,302
1,141,035
1,184,387
1,081,146
443,307
327,496
1,703,790
336,130
1,589,797
2,118,313
822,485
1,283,864
4,271
1,426,654
1,190,870
2,130,067
0.14
0.19
0.19
0.01
0.05
0.19
0.20
0.18
0.08
0.06
0.28
0.06
0.27
0.36
0.14
0.22
0.00
0.24
0.20
0.36
834,315
1,295,752
0.14
0.22
5,647,215
3,318,843
768
168,807
2,063,007
699,867
1,531,404
1,065,307
4,027,187
5,823,060
720,904
4,682,442
1,441,723
0.96
0.56
0.00
0.03
0.35
0.12
0.26
0.18
0.68
0.99
0.12
0.79
0.24
742,151
0.13
31,190,534
742,151
32,361,245
455,599
894,695
1,407,620
955,210
443,035
28,331
1,420,979
614,553
5.28
0.13
5.48
0.08
0.15
0.24
0.16
0.08
0.00
0.24
0.10
Equity Emerging World
Securities Portfolio as at 31/12/13
DAEWOO INTL
DAUM COMMUNICATIONS CORP
DSHM
E-MART
GRAND KOREA LEISURE CO LTD
HANA FINANCIAL GROUP
HYUNDAI DEPARTMENT STORE NEW
HYUNDAI GREENFOOD
HYUNDAI HOME SHOPPING NETWORK CO
HYUNDAI MIPO DOCK
HYUNDAI MOBIS
HYUNDAI MOTOR
HYUNDAI MOTOR CO LTD-PFD
HYUNDAI WIA CORP
KIA MOTORS CORP
KOREA ELECTRIC POWER CORP
KOREA ZINC
KOREAN REINSURANCE
LG CHEM
LG CHEMICAL PREF ISSUE 01
LG CORP
LG DISPLAY CO LTD
LG ELECTRONICS
LG HAUSYS LTD
LG HOUSEHOLD & HEALTH CARE LTD
NAVER CORP
ORION CORP
PARADISE
SAMSUNG CORP
SAMSUNG ELECTRO-MECHANICS
SAMSUNG ELECTRONICS CO LTD
SAMSUNG ELECTRONICS PREF SHS
SAMSUNG FIRE & MARINE
SHINHAN FINANCIAL GROUP
SHINSEGAE
SK HYNIX INC
SK TELECOM SP ADR
WOONG JIN COWAY CO LTD
1,895,256
937,145
670,559
1,958,567
509,522
3,396,858
2,945,246
565,916
2,124,808
680,561
3,727,187
5,662,913
1,224,238
1,922,594
1,709,340
3,760,316
1,270,373
701,028
4,520,808
312,413
1,602,623
693,951
549,072
882,640
1,638,262
1,756,232
598,886
2,086,551
1,640,308
583,875
24,873,716
2,979,440
2,032,046
4,640,451
363,192
6,892,394
507,172
2,079,550
96,896,009
16.41
0.32
0.16
0.11
0.33
0.09
0.58
0.50
0.10
0.36
0.12
0.63
0.95
0.21
0.33
0.29
0.64
0.22
0.12
0.77
0.05
0.27
0.12
0.09
0.15
0.28
0.30
0.10
0.35
0.28
0.10
4.20
0.50
0.34
0.79
0.06
1.16
0.09
0.35
1,463,390
51,160
240,000
265,000
2,149,417
476,000
28,311
237,235
476,000
838,000
767,851
354,000
822,129
53,000
31,000
145,000
36,000
737,482
287,000
181,000
497,000
63,900
581,000
199,000
1,417,142
2,611,585
Taiwan
ADVANCED SEMI ENGR
ASUSTEK COMPUTER
CATCHER
CHENG UEI PRECISION
CHINATRUST FIN HLDG
CHIPBOND TECHNOLOGY
CHUNGHWA TELECOM ADR
CHUNGHWA TELECOM CO LTD
DELTA ELECTRONIC INDUSTRIAL INC
EPISTAR CORP
FAR EASTERN TEXTILE
FAR EASTONE TELECOMMUNICATION
FORMOSA PLASTICS
HERMES MICROVIS
HOTAI MOTOR CO LTD
HUAKU CONSTRUCTION
LARGAN PRECISION
LITE ON TECHNOLOGY CORP
NOVATEK MICROELECTRONICS
PHISON ELECTRONICS CORP
QUANTA COMPUTER
SILICONWARE PRECISION ADR
SILICONWARE PRECISION INDUSTRIES CO LTD
SIMPLO TECHNOLOGY
TAIWAN CEMENT
TAIWAN SEMICONDUCTOR MANUFACTURING CO
LTD
426,900 TAIWAN SEMICONDUCTOR-SP ADR
1,115,000 UNITED MICROELECTRONICS CORP
165,200
235,700
52,200
401,100
3,779,000
534,997
4,191,175
1,438,100
509,400
231,200
838,600
178,739
144,600
274,800
3,348,000
Thailand
ADVANCED INFO SCE PUB.FRGN RGD
BANGKOK BANK
BANGKOK BANK (NVDR)
GLOW ENERGY PLC FOREIGN
IRPC PUBLIC COMPANY
KASIKORNBANK -FKRUNG THAI BANK PUBLIC FOREIGN
LAND AND HOUSE -FL.P.N. DEVELOPMENT NVDR
PTT EXPLORATION PRODUC PUBLIC
PTT GLOBAL CHEM
PTT PUBLIC COMPANY FOREIGN
SIAM CEMENT -FSIAM COMMCL BANK -FTHAI BEVERAGE
Turkey
7,288 KOZA ALTIN ISLETMELERI AS
88,018 TURKIYE HALK BANKASI
227,735 TURKIYE VAKIFLAR BANKASI T.A.O
USD
45,920,928
1,360,107
460,043
1,558,208
531,717
1,467,635
748,255
876,509
741,074
2,715,119
1,613,946
886,275
777,996
2,220,592
1,721,410
382,774
409,650
1,467,614
1,182,803
1,174,829
1,156,929
1,158,976
382,122
694,000
881,374
2,199,167
9,244,633
7,445,136
462,035
18,276,826
% of NaV
48,430
11,774
37,246
7,756
13,310
81,660
19,306
35,550
12,056
4,035
13,402
25,270
10,336
10,679
32,156
114,200
4,216
64,614
15,930
2,162
26,427
28,890
8,509
6,583
3,155
2,560
666
83,253
28,566
8,441
19,133
3,104
8,280
103,537
1,518
197,660
20,600
33,052
South Korea
0.11
0.18
0.10
0.49
1.70
0.24
0.30
0.50
0.18
0.15
0.10
0.27
0.11
Market Value
675,711
1,047,140
616,309
2,886,328
10,012,921
1,407,440
1,756,693
2,933,025
1,085,645
885,973
609,082
1,578,028
646,928
Quantity
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
MEDICLINIC
MMI HOLDINGS
MTN GROUP LTD
NASPERS -NRMI HOLDINGS
SANLAM LTD
SASOL LTD
SHOPRIETE HOLDINGS LTD
SIBANYE GOLD LTD
STANDARD BANK GRP
STEINHOFF INTL HLD
WOOLWORTHS HOLDINGS LTD
% of NaV
Market Value
Quantity
USD
169,069
144,309
255,141
139,299
95,686
537,019
345,589
59,708
69,334
754,427
49,292
366,228
90,767
7.78
0.23
0.08
0.26
0.09
0.25
0.13
0.15
0.13
0.46
0.27
0.15
0.13
0.38
0.29
0.06
0.07
0.25
0.20
0.20
0.20
0.20
0.06
0.12
0.15
0.37
1.56
1.26
0.08
3.10
1,002,965
1,276,769
282,763
860,547
374,910
2,580,558
2,104,518
391,692
240,283
1,171,480
2,016,112
1,555,672
1,786,599
1,200,056
1,431,902
0.17
0.22
0.05
0.15
0.06
0.44
0.36
0.07
0.04
0.20
0.34
0.26
0.30
0.20
0.24
75,306
497,755
404,913
0.01
0.09
0.07
977,974
0.17
The accompanying notes form an integral part of these financial statements
37
Equity Emerging World
Securities Portfolio as at 31/12/13
7,300 BAIDU ADS
243,136 GAZPROM OAO-SPON ADR REG
Bonds
Bahamas
32,334 CREDIT SUISSE NASSAU BRANCH 0% 23/09/2015
46,945 CREDIT SUISSE NASSAU BRANCH 0% 29/03/2016
Convertible bonds
Brazil
81,697 PDG REALTY 0% 19/09/2016 CV
Warrants, Rights
Australia
117,025 MACQUARIE BANK WRT ON DLF SHS 21/04/2014
138,000 MARCQUARIE BANK WARRANT 25/11/2014
Bermuda
87,347 CLSA FINANCIAL PRODUCTS LTD WRT MAHINDRA &
MAHINDRA LTD 28/06/2015
427,295 CLSA FINANCIAL PRODUCTS CERTIFICAT ONE ZEE
TELEFILMS 03/05/2015
509,753 CLSA FINANCIAL PRODUCTS LTD CERTIFICAT
157,053 CLSA FINANCIAL PRODUCTS WRTS HDFC BANK
28/06/2015
92,097 CLSA FINANCIAL PRODUCTS WRTS INFOSYS
10/05/2015
47,394 CLSA FINANCIAL PRODUCTS WRTS LUPIN
07/06/2015
220,626 CLSA FINANCIAL PRODUCTS LTD WRT RELIANCE
INDUSTRIES 17/05/2015
305,369 CLSA FINANCIAL PRODUCTS LTD WRT JINDAL
STEEL &POWER LTD 30/06/2015
Brazil
3,401,650
1,298,524
2,103,126
2,709,990
2,709,990
1,370,743
1,339,247
693
693
693
22,722,490
846,940
315,640
531,300
17,971,778
1,334,627
1,912,615
2,654,998
1,692,262
5,194,887
696,512
3,196,120
1,289,757
0.46
3.85
0.14
0.05
0.09
3.05
0.23
0.32
0.45
0.29
0.88
0.12
0.54
0.22
Cayman Islands
291,903
0.05
Curacao
609,217
2,199,885 MORGAN STANLEY WTS INDIABULLS 28/10/2014
14,371 MERRILL LYNCH WARRANT JARIR MARKETING
24/03/2014
The accompanying notes form an integral part of these financial statements
291,903
609,217
United Kingdom
39,257 EMTN HSBC BANK ELN HERFY FOOD SERVICES
08/10/2015
44,889 REMGRO
0.23 Share/Units of UCITS/UCIS
0.23
Share/Units in investment funds
0.00
Luxembourg
0.00
1,933 AMUNDI INTERINVEST CHINA A SHARES I C
0.00
0.00
3,982
1,957,526 JP MORGAN CERTIFICAT IND COMMERC BK OF
CHINA 02/09/2014
0.07 Other transferable securities
0.42
Shares
0.58
Indonesia
0.22
2,902,500 PERUSAHAAN GAS NEGARA TBK
0.36
South Africa
0.46
3,982
18,789 KLABIN RIGHTS
38
395,309
2,472,934
0.49
1,013,963 JP MOR CERT BAOSHAN 09/10/2014
0.00
0.05
0.10
0.10
Total securities portfolio
USD
% of NaV
United States of America
2,868,243
0.18
0.12
0.18
0.65
0.39
Netherlands
Market Value
9,966 BANK OF GEORGIA HOLDING
789,902 OLD MUTUAL
1,035,688
734,669
1,073,676
3,863,179
2,277,026
1.52
Quantity
United Kingdom
8,984,238
% of NaV
ABU DHABI COMMERCIAL BANK
DAMAC REAL ESTATE GDR
DRAKE & SCULL INTL
EMAAR PROPERTIES
FIRST GULF BANK
Market Value
Quantity
585,242
47,398
2,738,613
1,857,255
444,867
United Arab Emirates
USD
1,836,879
0.31
1,157,524
0.19
679,355
0.12
1,161,791
0.20
1,957,959
0.33
1,067,272
0.18
890,687
0.15
2,034,179
0.34
2,034,179
0.34
1,161,791
1,957,959
1,067,272
890,687
2,034,179
2,034,179
582,400,058
0.20
0.33
0.18
0.15
0.34
0.34
98.68
Equity MENA
Securities Portfolio as at 31/12/13
Oman
402,756 BANK MUSCAT SAOG
53,913 OMAN CEMENT CO
29,087 RAYSUT CEMENT COMPANY
8,049
40,353
194,010
54,036
25,735
28,488
62,903
99,183
842,484
992,374
1,034,899
135,126
26,145
104,392
7,621,078
2,525,400
480,405
2,592,973
160,361
804,316
293,750
279,904
544,514
Qatar
ALMEERA CONSUMER GOODS COMPANY Q.S.C
BARWA REAL ESTATE CO
DOHA BANK
INDUSTRIES QATAR
OOREDOO TELECOM
QATAR ELECTRICITY & WATER
QATAR GAS TRANSPOR QAR10
QATAR NATIONAL BANK
United Arab Emirates
ABU DHABI COMMERCIAL BANK
ALDAR PROPERTIES
ARABTEC HOLDING
ARAMEX
DAMAC REAL ESTATE GDR
DP WORLD LTD
DRAKE & SCULL INTL
DUBAI FINANCIAL MARKET
DUBAI ISLAMIC BANK
EMAAR PROPERTIES
EMIRATES NBD PJSC
FIRST GULF BANK
NATIONAL BANK OF ABU DHABI
TAMWEEL PJSC
UNION NATIONAL BANK
United Kingdom
35,088 HIKMA PHARMACEUTICALS
Bonds
Bahamas
71,620 CREDIT SUISSE BAHAMAS LTD 0% 06/10/2016
126,187,213
98.85
15,879,774
12.44
53,804,786
128,270
770,363
1,430,954
1,248,659
11,331
4,073,154
1,537,109
2,895,235
3,784,699
932,885
665,283
115,379
152,223
13,659,106
294,640
330,227
3,100,754
2,506,299
969,613
1,423,032
349,797
4,684,744
22,636,253
1,490,922
745,700
808,649
111,839
392,175
1,848,782
2,987,850
1,698,271
701,055
5,393,509
277,238
4,116,845
1,111,662
81,540
870,216
696,768
696,768
12,218,854
10,562,997
840,184
42.15
0.10
0.60
1.12
0.98
0.01
3.20
1.20
2.27
2.96
0.73
0.52
0.09
0.12
10.70
0.23
0.26
2.43
1.96
0.76
1.11
0.27
3.68
17.73
1.17
0.58
0.63
0.09
0.31
1.45
2.34
1.33
0.55
4.23
0.22
3.22
0.87
0.06
0.68
0.55
0.55
9.57
8.27
0.66
68,233
88,930
412,115
137,218
CREDIT SUISSE NASSAU BRANCH 0% 03/09/2015
CREDIT SUISSE NASSAU BRANCH 0% 07/10/2015
CREDIT SUISSE NASSAU BRANCH 0% 21/10/2015
CREDIT SUISSE NASSAU BRANCH 0% 29/03/2016
United Kingdom
159,273 HSBC BANK PLC 0% 07/01/2016
118,440 HSBC BANK PLC 0% 11/05/2015
Warrants, Rights
Bahamas
71,870 CREDIT SUISSE CERT MOUWASAT MEDICAL
SERVICES 19/08/2015
Curacao
USD
760,429
1,487,818
3,560,010
3,914,556
0.60
1.17
2.78
3.06
632,726
1,023,131
0.50
0.80
1,655,857
61,391 JP MORGAN CERT SAUDI ARABIAN 22/06/2016
220,000 JP MORGAN STRUCTURED NOTES WRT SAUDI
TELECOM 08/02/2016
96,871 JP MORGAN STRUCTURED PRODUCTS WRT
ETHIAD ETILSALAT 08/02/2016
114,589 MORGAN STANLEY WRT SAUDI BASIC 02/10/2013
66,544 MORGAN STANLEY BV CERT SAUDI AIRLINES
28/09/2015
205,464 MORGAN STANLEY WRT ON YANBU NAT PETRO
15/12/2016
Saudi Arabia
173,454 MORGAN STANLEY WRT SAMBA 28/09/2015
United Kingdom
103,635 DEUTSCHE BANK WRT SAUDI ARABIAN MINING
COMPANY 13/04/2017
187,053 DEUTSCHE BANK LONDON WARRANT ON SAMBA
AB 27/09/16
135,605 DEUTSCHE BANK WARRANTS AL RAJHI BANK
27/09/2016
31,641 EMTN HSBC BANK ELN HERFY FOOD SERVICES
08/10/2015
60,748 GOLDMAN SACHS INT CERTIFICAT ON SAUDI
ARABIA FERTILIZER 22/12/2014
84,269 GOLDMAN SACHS INT SAUDI CERTIFICAT ON BQE
SAUDI FRANSI 22/12/2014
85,624 GOLDMAN SACHS INT CERT SABIC 23/07/2014
40,157 HSBC BANK ARABIAN FERTILIZER CERTIFICAT
11/05/2015
1.30
60,163,573
47.13
1,762,881
1.38
1,762,881
12,590,816
489,298
34,303 MERRIL LYNCH LEPO WARRANT ON SAUDI
TELECOM CO 31/03/2014
411,414 MERRIL LYNCH WARRANT ON EMAAR ECONOMIC
1,458,874
CITY 31/03/2014
829,067 MERRILL LYNCH WARRANT ALINMA BANK 29/04/2015 3,293,543
42,849 MERRILL LYNCH WARRANT JARIR MARKETING
1,816,459
24/03/2014
407,024 MERRILL LYNCH WARRANT ON NATIONAL INDUS
3,635,404
16/08/2014
61,498 MERRILL LYNCH WARRANT SAVOLA 24/03/2014
1,028,874
93,323 MERRILL LYNCH WARRANT BANQUE SAOUDI 24/03/2014 868,364
Netherlands
% of NaV
AGILITY PUBLIC WAREHOUSING COMPANY
BOUBYAN BANK
BURGAN BANK
COMMERCIAL BANK OF QATAR
KUWAIT FINANCE HOUSE
KUWAIT PROJECTS COMPANY
MABANEE COMPANY
MOBILE TELECOMMUNICATIONS CO
NATIONAL BANK OF KUWAIT
99.05
Market Value
52,500
388,500
734,762
64,223
4,000
1,855,336
387,588
1,185,000
1,200,950
Kuwait
126,440,644
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1.38
9.86
0.38
1.14
2.58
1.42
2.85
0.81
0.68
15,833,619
12.40
2,208,246
1.73
530,319
3,138,080
3,406,477
2,510,458
4,040,039
2,312,288
2,312,288
0.42
2.46
2.67
1.97
3.15
1.81
1.81
21,408,918
16.78
2,493,574
1.95
895,240
2,639,284
0.70
2.07
936,399
0.73
784,117
0.61
2,534,743
2,545,411
1,675,573
1.99
1.99
1.31
The accompanying notes form an integral part of these financial statements
39
Equity MENA
Securities Portfolio as at 31/12/13
United States of America
50,945 CITIGROUP SAUDI TELECOM CERT 26/01/2015
50,330 CITIGROUP CERT JARIR MARKETING CO 29/01/2014
68,547 CITIGROUP CERT FAWAZ ABDULAZIZ ALHOKAIR &
C 29/01/2014
49,304 CITIGROUP WTS SPIMACO 03/03/2014
Other transferable securities
Shares
Jordan
25,085 JORD PHOSPHATES MINES COMPANY
Total securities portfolio
The accompanying notes form an integral part of these financial statements
40
USD
850,846
% of NaV
50,826 HSBC BANK CERT ON DALLAH HEALTHCARE
HLDGS 24/12/2015
104,943 HSBC BANK CERT YANBU 09/03/2015
152,767 HSBC BANK PLC AL RAJHI BANK CERT 16/02/2015
7,710 HSBC BANK BANK SAUDI FRANSI CERT 23/02/2015
Market Value
Quantity
323,986 HSBC BANK CERT ON DAR AL ARKAN 13/08/2014
0.67
945,187
0.74
6,255,051
4.90
2,063,494
2,973,309
71,741
726,679
2,133,594
2,540,335
854,443
253,431
253,431
253,431
253,431
126,440,644
1.62
2.34
0.06
0.57
1.67
1.99
0.67
0.20
0.20
0.20
0.20
99.05
Equity Greater China
Securities Portfolio as at 31/12/13
13,800,000
1,936,500
28,285,740
5,845,690
573,200
30,866,575
Banks
BANK OF CHINA -HBOC HONG KONG HOLDINGS LTD
CHINA CONSTRUCTION BANK H
CHINATRUST FIN HLDG
DAH SING FIN HLDGS
INDUSTRIAL & COMMERCIAL BANK OF CHINA-H
Construction and Materials
5,230,000 CHINA NATIONAL BUILDING MATERI
2,540,000 CHINA STATE CONSTRUCTION INTL
Electricity
692,500 CLP HOLDINGS LTD
Electronic and Electrical Equipment
1,144,000 DELTA ELECTRONIC INDUSTRIAL INC
1,388,331 LEDLINK OPTICS INC
3,106,000 UNITY OPTO TECHNOLOGY
Financial Services
4,494,000 CHINA EVERBRIGHT
1,495,600 DAH SING BKG GRP
Food Producers
1,622,000 CHINA MENGNIU DAIRY
427,808,854
97.92
4,799,217
1.10
427,808,854
4,799,217
62,038,012
6,353,817
6,206,279
21,340,804
3,991,474
3,285,983
20,859,655
10,178,823
5,625,422
4,553,401
5,474,792
5,474,792
14,276,467
6,525,414
4,634,994
3,116,059
9,736,744
7,105,766
2,630,978
7,698,144
7,698,144
General Industrials
15,510,066
General Retailers
7,120,127
1,141,000 HUTCHISON WHAMPOA LTD
92,700 AUTOHOME SP ADR
46,162 VIPSHOP HOLDINGS ADR
Health Care Equipment and Services
1,431,500 PHOENIX HEALTHCARE GROUP CO
Household Goods and Home Construction
943,200 SAMSONITE INTERNATIONAL SA
Industrial Engineering
2,199,000 ACME ELECTRONICS
1,898,000 CHINA METAL PROD
888,000 WEICHAI POWER SHS H
Industrial Transportation
6,334,000 CHINA SHIPPING DEVELOPMENT -H-
15,510,066
3,325,149
3,794,978
2,292,980
2,292,980
2,870,802
2,870,802
9,343,677
3,150,549
2,614,222
3,578,906
4,917,699
4,917,699
97.92
1.10
14.19
1.45
1.42
4.89
0.91
0.75
4.77
2.33
1.29
1.04
1.25
1.25
3.27
1.50
1.06
0.71
2.23
1.63
0.60
1.76
1.76
3.55
3.55
1.63
0.76
0.87
0.52
0.52
0.66
0.66
2.14
0.72
0.60
0.82
1.13
1.13
3,377,000
8,666,966
3,589,000
1,701,000
Life Insurance
AIA GROUP
CATHAY FINANCIAL HLDG CO
CHINA LIFE INSURANCE CO-H
PING AN INSURANCE GROUP CO-H
Mobile Telecommunications
1,081,000 CHINA MOBILE LTD
Nonequity Investment Instruments
5,602,160 FUBON FINANCIAL HOLDING
Oil and Gas Producers
14,054,000 PETROCHINA CO LTD-H
Oil Equipment, Services and Distribution
5,300,000 ANTON OILFIELD SERVICES GROUP
6,014,000 TERMBRAY PETRO-KING OILFIELD
Personal Goods
5,198,000 DAPHNE INTERNATIONAL HOLDINGS
356,000 HENGAN INTERNATIONAL GROUP CO LTD
9,833,250 LI NING CO
Pharmaceuticals and Biotechnology
1,891,000 SHANGHAI FOSUN PHARMACEUTICAL
124,000 TWI PHARMACEUTICALS INC
482,000
4,078,000
2,449,750
1,177,500
2,550,000
635,000
57,433,816
13.15
11,209,058
2.57
16,942,132
14,031,286
11,224,644
15,235,754
11,209,058
8,195,493
8,195,493
15,406,581
15,406,581
6,406,359
3,226,304
3,180,055
14,306,613
2,339,640
4,205,647
7,761,326
7,007,299
5,694,633
1,312,666
Real Estate Investment and Services
36,903,520
Software and Computer Services
17,076,146
CHEUNG KONG HOLDINGS LTD
CHINA RESOURCES LAND LTD
KERRY LOGISTICS NETWORK LTD
KERRY PROPERTIES
LONGFOR PROPERTIES
SUN HUNG KAI PROPERTIES
267,700 TENCENT HOLDINGS LTD
6,132,000
1,385,000
7,753,000
13,596,000
7,528,000
5,129,000
1,323,000
7,084,000
USD
Technology Hardware and Equipment
ADVANCED SEMI ENGR
CHIPBOND TECHNOLOGY
EPISTAR CORP
HUTCHINSON TELECOMMUNICATIONS
LENOVO GROUP LTD
MITAC HOLDINGS
QUANTA COMPUTER
TAIWAN SEMICONDUCTOR MANUFACTURING CO
LTD
1,888,000 TONG HSING ELECTRON
14,387,000 UNITED MICROELECTRONICS CORP
Travel, Leisure and Catering
564,000 GALAXY ENTERTAINMENT GROUP
590,000 SANDS CHINA LTD
% of NaV
8,400,000 NEXTEER AUTOMOTIVE GROUP LTD
99.98
Market Value
Automobiles and Parts
436,816,628
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
7,608,794
10,108,531
3,481,695
4,085,080
3,564,978
8,054,442
17,076,146
3.88
3.21
2.57
3.49
2.57
1.88
1.88
3.53
3.53
1.47
0.74
0.73
3.27
0.54
0.96
1.77
1.60
1.30
0.30
8.45
1.74
2.32
0.80
0.93
0.82
1.84
3.91
3.91
84,940,481
19.43
8,742,067
5,961,702
2.00
1.36
5,699,214
2,177,171
14,931,889
5,155,204
9,155,429
4,956,308
3,085,160
25,076,337
12,665,938
5,058,988
4,820,433
1.30
0.50
3.42
1.18
2.10
1.13
0.71
5.73
2.90
1.16
1.10
The accompanying notes form an integral part of these financial statements
41
Equity Greater China
Securities Portfolio as at 31/12/13
Share/Units in investment funds
Investment Fund
8,560 AMUNDI INTERINVEST CHINA A SHARES I C
Total securities portfolio
The accompanying notes form an integral part of these financial statements
42
USD
% of NaV
Share/Units of UCITS/UCIS
Market Value
Quantity
831,000 SJM HOLDINGS
2,786,517
0.64
9,007,774
2.06
9,007,774
9,007,774
9,007,774
436,816,628
2.06
2.06
2.06
99.98
Equity India
Securities Portfolio as at 31/12/13
200,000
3,100,000
300,000
1,350,000
Banks
AXIS BANK SHS DEMATERIALISED
HDFC BANK
ICICI BANK
INDUSIND BANK LTD
Beverages
500,000 UNITED BREWERIES LTD
225,000 UNITED SPIRIT LTD
Chemicals
830,595 COROMANDEL INTERNATIONAL
1,500,000 RALLIS INDIA
500,000
2,500,000
300,000
75,000
125,000
300,000
Construction and Materials
ASIAN PAINTS LTD
IRB INFRAST DEV
LARSEN & TOUBRO LTD
SHREE CEMENT
ULTRA TECH CEMENT
VA TECH WABAG
Electricity
2,383,098 KSK ENERGY VENTURES LIMITED
Electronic and Electrical Equipment
400,000 AMARA RAJA BATT
775,000 HAVELLS INDIA
1,200,000
900,000
1,850,000
260,000
1,916,316
Financial Services
HOUSING DEVELOPMENT FINANCE CORP LTD
KOTAK MAHINDRA BANK LTD
MAHINDRA & MAHINDRA FIN SECS
SHRIRAM TRANSPORT FINANCE CO LTD
SKS MICROFINANCE
Food Producers
1,550,000 MCLEOD RUSSEL INDIA LTD
Health Care Equipment and Services
550,000 APOLLO HOSPITALS ENTERPRISE
Industrial Engineering
100,000 EICHER MOTORS LTD
500,000 MAHINDRA & MAHINDR
410,072,827 100.66
410,072,827 100.66
18,118,179
6,710,209
2,851,669
8,556,301
52,083,338
4,201,924
33,370,542
5,328,995
9,181,877
15,742,442
6,253,738
9,488,704
7,535,953
3,213,344
4,322,609
24,420,701
3,960,876
3,744,645
5,190,769
5,264,973
3,564,991
2,694,447
2,596,731
2,596,731
12,082,248
2,172,823
9,909,425
44,303,887
15,416,376
10,596,152
9,590,211
2,827,193
5,873,955
8,058,847
8,058,847
8,415,164
8,415,164
15,676,744
8,044,378
7,632,366
4.45
1.65
0.70
2.10
12.78
1.03
8.19
1.31
2.25
3.86
1.54
2.32
1.85
0.79
1.06
5.99
0.97
0.92
1.27
1.29
0.88
0.66
0.64
0.64
2.97
0.53
2.44
10.87
Industrial Metals and Mining
4,972,031
1.22
Media
5,296,055
1.30
725,000 TATA STEEL
425,000 SUN TV NETWORK SHS
600,000 ZEE ENTERTAINMENT SHS DEMATERIALISED
Mobile Telecommunications
900,000 BHARTI AIRTEL LTD
1,800,000 IDEA CELLULAR LTD
2,613,006
2,683,049
9,662,032
4,805,189
4,856,843
24,965,160
Personal Goods
11,838,331
380,000 BATA INDIA
700,000 EMAMI
24,965,160
6,473,607
5,364,724
1.22
0.64
0.66
2.37
1.18
1.19
6.13
6.13
2.91
1.59
1.32
Pharmaceuticals and Biotechnology
16,196,871
Real Estate Investment and Services
12,296,397
Software and Computer Services
84,319,380
20.69
Tobacco
23,414,840
5.75
200,000 IPCA LABORATORIES LTD
600,000 LUPIN
550,000 SUN PHARMACEUTICAL INDUSTRIES
50,000
250,000
500,000
275,000
900,000
270,000
4,972,031
Oil and Gas Producers
1,725,000 RELIANCE INDUSTRIES LTD
555,010
900,000
500,000
1,200,000
USD
% of NaV
200,000 HERO MOROCORP LTD
100,000 MARUTI SUZUKI SHS
2,900,000 MOTHERSON SUMI SYSTEMS LIMITED
USD
410,072,827 100.66
Market Value
Automobiles and Parts
Quantity
Shares
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
GODREJ PROPERTIES LTD
MAHINDRA LIFESPACEDEVELOPERS L
OBEROI REALTY
PRESTIGE ESTATES PROJECTS
COGNIZANT TECH SO-A
HCL TECHNOLOGIES LTD
INFOSYS TECHNOLOGIES
JUST DIAL
TATA CONSULTANCY SERVICES
TECH MAHINDRA LTD
4,500,000 ITC LTD
Travel, Leisure and Catering
3.79
2.60
225,000 JUBILANT FOODWORKS LTD
2.35
329,000 PVR
0.69
Total securities portfolio
1.44
2,342,090
8,809,150
5,045,631
1,484,094
5,768,410
1,892,329
3,151,564
5,004,500
5,102,861
28,175,975
6,410,072
31,603,670
8,022,302
23,414,840
8,077,496
4,627,132
3,450,364
3.98
0.57
2.17
1.24
3.02
0.36
1.43
0.46
0.77
1.23
1.25
6.92
1.57
7.75
1.97
5.75
1.98
1.13
0.85
410,072,827 100.66
1.98
1.98
2.07
2.07
3.85
1.98
1.87
The accompanying notes form an integral part of these financial statements
43
Equity India Select
Securities Portfolio as at 31/12/13
42,157
24,000
319,635
160,933
76,500
34,612
Banks
AXIS BANK SHS DEMATERIALISED
BANK OF BARODA
HDFC BANK
ICICI BANK
INDUSIND BANK LTD
STATE BANK OF INDIA
Beverages
15,000 UNITED SPIRIT LTD
Construction and Materials
59,000 ASIAN PAINTS LTD
147,044 LARSEN & TOUBRO LTD
16,312 ULTRA TECH CEMENT
Electricity
285,000 TATA POWER
Financial Services
263,120 HOUSING DEVELOPMENT FINANCE CORP LTD
76,500 KOTAK MAHINDRA BANK LTD
67,000 LIC HOUSING FINANCE LTD
Food Producers
165,000 TATA TEA
Gas, Water and Multiutilities
70,000 GAIL LTD
Industrial Engineering
134,000 BHARAT HEAVY ELECT
46,712 MAHINDRA & MAHINDR
258,000 TATA MOTORS
Industrial Metals and Mining
48,000 JINDAL STEEL & POWER LTD
101,154 TATA STEEL
Media
196,000 ZEE ENTERTAINMENT SHS DEMATERIALISED
Mining
99,871 COAL INDIA
163,000 NMDC LTD
The accompanying notes form an integral part of these financial statements
44
57,299,160
98.73
1,786,749
3.08
57,299,160
633,653
553,906
599,190
8,949,503
886,204
250,618
3,442,722
2,860,323
520,601
989,035
632,939
632,939
3,478,808
467,648
2,545,679
465,481
421,138
421,138
4,521,017
3,382,213
901,183
237,621
428,247
428,247
387,593
387,593
2,667,766
383,446
713,450
1,570,870
896,757
202,653
694,104
876,959
876,959
842,645
468,499
374,146
98.73
1.10
0.95
1.03
15.42
1.53
0.43
5.93
4.93
0.90
1.70
1.09
1.09
5.99
0.81
4.38
0.80
0.73
0.73
7.79
5.83
1.55
0.41
0.74
0.74
0.67
0.67
4.60
0.66
1.23
2.71
1.55
0.35
1.20
1.51
1.51
1.45
0.81
0.64
Mobile Telecommunications
2,700,563
4.65
Oil and Gas Producers
6,059,227
10.44
685,681
1.18
433,001 BHARTI AIRTEL LTD
143,500 IDEA CELLULAR LTD
138,400 BHARAT PETROLEUM CORPORATION LIMITED
152,150 OIL INDIA LTD
281,646 RELIANCE INDUSTRIES LTD
Personal Goods
168,000 DABUR INDIA
60,000 TITAN COMPANY LTD
88,758
27,500
35,348
76,500
72,000
40,000
178,234
68,459
80,268
6,000
84,400
33,731
110,000
USD
% of NaV
20,500 BAJAJ AUTO
16,500 HERO MOROCORP LTD
21,000 MARUTI SUZUKI SHS
98.73
Market Value
Automobiles and Parts
57,299,160
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Pharmaceuticals and Biotechnology
CIPLA LTD
DIVI’S LABS
DR REDDY’S LABORATORIES
GLENMARK PHARMACEUTICALS
LUPIN
RANBAXY LABORATORIES LTD
SUN PHARMACEUTICAL INDUSTRIES
Software and Computer Services
HCL TECHNOLOGIES LTD
INFOSYS TECHNOLOGIES
ORACLE FINANCIAL SERVICES
TATA CONSULTANCY SERVICES
TECH MAHINDRA LTD
WIPRO
Tobacco
818,406 ITC LTD
Travel, Leisure and Catering
280,166 INDIAN HOTELS CO LTD
Total securities portfolio
2,313,145
387,418
778,864
1,201,916
4,078,447
462,937
222,744
3.98
0.67
1.34
2.07
7.03
0.80
0.38
6,215,621
10.71
11,207,275
19.31
4,260,823
7.34
279,849
0.48
575,448
543,305
1,449,257
660,620
1,057,697
293,271
1,636,023
1,398,139
4,525,821
320,105
2,965,401
1,002,791
995,018
4,260,823
279,849
57,299,160
0.99
0.94
2.50
1.14
1.82
0.51
2.81
2.41
7.80
0.55
5.11
1.73
1.71
7.34
0.48
98.73
Equity India Infrastructure
Securities Portfolio as at 31/12/13
74,695
450,000
52,500
22,000
25,000
120,000
1,000,000
350,000
460,410
75,000
Construction and Materials
ASIAN PAINTS LTD
IRB INFRAST DEV
LARSEN & TOUBRO LTD
SHREE CEMENT
ULTRA TECH CEMENT
VA TECH WABAG
Electricity
JAIPRAKASH POW
JSW ENERGY LTD
KSK ENERGY VENTURES LIMITED
NTPC LTD
22,522,939 100.17
22,522,939 100.17
1,943,707
542,244
1,401,463
5,509,306
591,715
674,036
908,385
1,544,393
712,998
1,077,779
1,292,767
305,553
319,416
501,684
166,114
Electronic and Electrical Equipment
1,278,635
Financial Services
1,588,061
100,000 HAVELLS INDIA
170,000 MAHINDRA & MAHINDRA FIN SECS
65,000 SHRIRAM TRANSPORT FINANCE CO LTD
Gas, Water and Multiutilities
100,000 PETRONET
Industrial Engineering
15,000 EICHER MOTORS LTD
50,000 THERMAX DS
Industrial Metals and Mining
175,000 HINDALCO INDUSTRIES
95,000 TATA STEEL
Industrial Transportation
150,000 GUJARAT PIPAVAV PORT LTD
Mining
100,000 COAL INDIA
Mobile Telecommunications
90,000 BHARTI AIRTEL LTD
190,000 IDEA CELLULAR LTD
Oil and Gas Producers
60,000 BHARAT PETROLEUM CORPORATION LIMITED
140,000 RELIANCE INDUSTRIES LTD
1,278,635
881,263
706,798
197,316
197,316
1,781,347
1,206,656
574,691
998,367
346,860
651,507
153,262
153,262
468,838
468,838
993,186
480,519
512,667
2,363,625
337,467
2,026,158
8.64
2.41
6.23
24.51
125,000
160,000
850,000
150,000
400,000
Real Estate Investment and Services
GODREJ PROPERTIES LTD
MAHINDRA LIFESPACEDEVELOPERS L
NITESH ESTATES LTD
OBEROI REALTY
PRESTIGE ESTATES PROJECTS
Software and Computer Services
650,000 REDINGTON INDIA
2.63 Total securities portfolio
3.00
4.04
6.88
3.17
4.79
USD
% of NaV
70,000 CUMMINS INDIA DS
475,000 MOTHERSON SUMI SYSTEMS LIMITED
USD
22,522,939 100.17
Market Value
Automobiles and Parts
Quantity
Shares
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
3,166,914
14.08
787,608
3.50
334,249
1,025,495
188,950
567,699
1,050,521
787,608
1.49
4.56
0.84
2.52
4.67
3.50
22,522,939 100.17
5.75
1.36
1.42
2.23
0.74
5.69
5.69
7.06
3.92
3.14
0.88
0.88
7.92
5.36
2.56
4.44
1.54
2.90
0.68
0.68
2.09
2.09
4.42
2.14
2.28
10.51
1.50
9.01
The accompanying notes form an integral part of these financial statements
45
Equity Korea
Securities Portfolio as at 31/12/13
31,802
4,857
8,341
1,648
2,626
12,990
22,612
7,662
54,285
23,735
Banks
HANA FINANCIAL GROUP
INDUSTRIAL BANK OF KOREA
KB FINANCIAL GROUP
SHINHAN FINANCIAL GROUP
Chemicals
AVANCED NANO PRODUCTIOIN
CHEIL INDL
LG CHEM
LOTTE CHEMICAL
OCI
SKC CO.LTD
Construction and Materials
HYUNDAI ENGINEERING AND CONSTR
LG HAUSYS LTD
SAMSUNG CORP
SAPPHIRE TECHNOLOGY CO
Electricity
50,248 KOREA ELECTRIC POWER CORP
Electronic and Electrical Equipment
19,130 LS CORP
Financial Services
4,886 SK HOLDINGS SHS
Fixed Line Telecommunications
154,151 SK BROADBAND
General Retailers
1,186 GS HOME SHOPPING INC
1,240 LOTTE SHOPPING CENTER
29,660
101,550
8,465
20,314
Industrial Engineering
DAEWOO SHIPBUILDING & MARINE CO LTD
DOOSAN INFRACORE
HYUNDAI HEAVY IND
SFA ENGINEERING CORP
The accompanying notes form an integral part of these financial statements
46
73,664,745
97.50
14,741,759
19.50
73,664,745
139,424
2,646,464
6,573,193
1,151,324
3,333,202
769,877
128,275
10,082,078
3,869,822
988,716
2,498,529
2,725,011
4,494,238
506,253
407,300
2,367,110
362,284
475,260
376,031
6,282,770
1,300,562
1,027,311
3,117,138
837,759
1,654,539
1,654,539
1,466,449
1,466,449
884,281
884,281
639,040
639,040
819,804
345,118
474,686
5,649,239
983,655
1,212,422
2,061,406
791,117
97.50
0.18
3.50
8.70
1.52
4.41
1.02
0.17
13.35
5.12
1.31
3.31
3.61
5.95
0.67
0.54
3.13
0.48
0.63
0.50
8.32
1.72
1.36
4.13
1.11
2.19
2.19
1.94
1.94
1.17
1.17
0.85
0.85
1.09
0.46
0.63
7.48
1.30
1.60
2.73
1.05
23,741 SUANG KWANG BEND
USD
600,639
% of NaV
93,030
85,880
62,410
60,800
HANIL E WHA
HYUNDAI MOBIS
HYUNDAI MOTOR
HYUNDAI WIA CORP
KIA MOTORS CORP
KOREA ZINC
MANDO CORP
98.68
Market Value
8,630
9,516
29,332
6,395
62,704
2,555
1,083
Automobiles and Parts
74,553,602
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.80
Industrial Metals and Mining
3,946,979
5.22
Industrial Transportation
1,117,844
1.48
8,459 HYUNDAI STEEL
10,522 POSCO
5,107 HYUNDAI GLOVIS CO LTD
Leisure Goods
4,170 NCSOFT
691,725
3,255,254
1,117,844
981,897
981,897
0.92
4.30
1.48
1.30
1.30
Life Insurance
359,790
0.48
Mobile Telecommunications
380,082
0.50
2,107,814
2.79
3,651 SAMSUNG LIFE INSURANCE CO
1,744 SK TELECOM
Nonlife Insurance
359,790
380,082
0.48
0.50
9,381 DONGBU INSURANCE CO LTD
37,310 HYUNDAI F & M INS
14,710 LIG INSURANCE CO LTD
499,561
1,148,979
459,274
0.66
1.52
0.61
19,689 SK INNOVATION CO LTD
2,639,876
3.49
Oil and Gas Producers
Software and Computer Services
3,972 NAVER CORP
48,667 POSCO ICT
Support Services
13,902 KEPCO E&C
8,919 KEPCO PLANT SERVICE & ENGINEERING CO LTD
Technology Hardware and Equipment
22,900 LG DISPLAY CO LTD
4,746 SAMSUNG ELECTRONICS CO LTD
125,110 SK HYNIX INC
Other transferable securities
Shares
Automobiles and Parts
81,570 KUMHO TIRE
Total securities portfolio
2,639,876
3,073,530
2,724,904
348,626
1,260,086
796,959
463,127
3.49
4.07
3.61
0.46
1.67
1.06
0.61
11,082,650
14.66
888,857
1.18
550,069
6,170,002
4,362,579
888,857
0.73
8.16
5.77
1.18
888,857
1.18
74,553,602
98.68
888,857
1.18
Equity Latin America
Securities Portfolio as at 31/12/13
Bermuda
469,170 COSAN CL A
154,000 CREDICORP LTD.
52,900
89,220
4,167,860
207,800
182,800
827,695
396,980
898,437
204,550
1,746,263
445,795
837,281
627,500
2,373,139
100,548
87,300
969,021
110,112
452,786
1,341,584
316,906
650,059
209,400
196,602
97,581
66,300
554,324
46,500
295,220
72,800
19,200
133,900
134,170
189,242
294,200
917,600
215,900
581,305
413,764
30
Brazil
ABRIL EDUCACAO SA
AES TIETE
AMBEV SA
ANHANGUERA EDUCACIONAL PARTICIPACOES
ANIMA
ARTERIS
AUTOMETAL
BANCO BRADESCO PFD
BANCO BRADESCO SA BRAD N1
BANCO BRADESCO-SPONSORED ADR
BANCO DO BRASIL SA
BANCO ESTADO RIO GRANDE DO SUL
BB SEGURIDADE PARTICIPACOES SA
BOLSA DE MERCADORI
BR MALLS PARTICIPACOES SA
BR PROPERTIES
BRADESPAR PREF
BRASKEM SP.ADR
BRF
CCR SA
CEMIG
CEMIG SP ADR
CENTRAIS ELC SP ADR
CETIP BALCAO ORG.ATIVOS DERIV.
CIA ENERG MINAS GERAIS PREF
CIA ENERGETICA DO CEARA COELCE PFD
CIA HERING
CIA PARANAESE DE ENERGI PFB
CIELO
COMPANHIA BRASILEIRA DIST -ADR
CPELBN SP.ADR
CYRELA BRAZIL REALTY SA
DIRECIONAL ENG
DURATEX
ELETROBRAS PREF B
EMBRAER EMPRESA
EMBRAER SA ADR
ENERGIAS DO BRASIL S.A
ENEVA
EQUATORIAL ENERGIA SA - ORD
808,619,309
99.34
3,588,842
0.44
808,595,432
420,264
3,168,578
26,877,432
6,437,012
20,440,420
472,346,993
748,903
673,140
30,597,376
1,312,366
1,642,613
6,683,262
2,927,798
11,077,825
2,770,088
21,880,675
4,610,502
4,471,621
6,516,329
11,125,037
726,643
688,257
10,301,107
1,965,499
9,451,971
10,104,817
1,907,401
5,063,960
542,346
2,016,631
579,464
1,180,283
7,025,189
601,732
8,214,926
3,251,976
252,288
817,271
682,433
1,054,791
1,238,269
7,346,974
6,947,662
2,796,553
526,135
294
99.34
0.05
0.39
3.30
0.79
2.51
58.04
0.09
0.08
3.77
0.16
0.20
0.82
0.36
1.36
0.34
2.70
0.57
0.55
0.80
1.37
0.09
0.08
1.27
0.24
1.16
1.24
0.23
0.62
0.07
0.25
0.07
0.14
0.86
0.07
1.01
0.40
0.03
0.10
0.08
0.13
0.15
0.90
0.85
0.34
0.06
0.00
424,800
1,002,323
412,000
121,700
1,704,838
812,150
407,300
43,000
158,900
254,800
1,222,830
10,412,328
2,423,800
2,787,600
325,824
53,300
42,600
299,482
51,624
246,254
341,800
713,000
211,500
2,794,006
254,798
267,200
694,400
6,169,980
8,068,748
271,100
105,100
443,088
96,200
123,300
2,046,050
610,400
162,000
1,914
319,586
757,691
145,745
292,200
289,800
300,250
1,582,700
1,272,500
218,000
ESTACIO PARTICIPACOES S.A.
EVEN CONSTRUTORA E INCORPORADO
EZ TEC EMPREENDIMENTOS PARTICI
GERDAU PREF.
HELBOR EMPREENDIMENTOS SA
HRT PETROLEO
HYPERMARCAS
IMC HOLDINGS NM
IOCHPE MAXION
ITAU UNIBANCO ADR
ITAU UNIBANCO HOLDING SA
ITAUSA INVESTIMENTOS PREF
JHSF PARTICIPACOES
KLABIN PREF.SHS
KROTON EDUCACIONAL SA
LIGHT S.A.
LINX
LOCALIZA RENT A CAR
MAGAZINE LUIZA SA
MARCOPOLO PREF
MARFRIG FRIGORIFICOS E COM DE
METALURGICA GERDAU PREF
MINERVA
MMX MINERACAO TRUST UNITS
PCAPN PCA4 PREFERRED
PETROLEO BR SA-ADR
PETROLEO BRASILEIRO
PETROLEO BRASILEIRO PREF.SHS
PRUMO LOGISTICA
SABESP
SABESP SP.ADR
SARAIVA SA LIVREIROS EDITORES
SMILES
SUL AMERICA SA UNITS
SUZANO BAHIA SUL PAPEL PFD A
TECNISA SA
TELEF BRAZIL
TELEF BRAZIL PFD
TELEFONICA BRAZIL ADR 1 PFD
TIM PARTICIPACOES
TOTVS
TUPY SA
USIMINAS PREFERED .SHS A
USINAS SIDERURGICAS DE MINAS GERAIS SA
VALE DO RIO DOCE
VALE DO RIO DOCE -PREF-A
VIAVAREJO
Canada
150,333 CANACOL ENERGY
576,992 PACIFIC RUBIALES
Chile
198,081 CERVECERIAS SP.ADR
8,834,073 CFR PHARMACEUT
USD
% of NaV
70,044 GRUPO CLARIN CL.B
159,225 NORTEL INV SP.ADR-B
99.38
Market Value
Argentina
808,942,710
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
3,674,944
3,462,490
5,088,736
946,048
5,636,388
313,257
3,047,069
332,625
1,761,241
3,457,636
16,249,006
39,279,054
4,376,526
14,485,854
5,421,963
499,730
865,085
4,224,518
165,204
532,325
579,502
7,071,777
1,030,935
2,877,775
11,330,161
3,682,016
4,706,319
44,667,825
3,693,627
3,040,483
1,191,834
4,877,363
1,324,793
772,955
8,013,300
2,318,172
2,746,617
36,369
6,142,443
3,959,847
2,283,225
2,600,894
1,745,483
1,578,076
23,955,852
17,653,343
2,323,901
0.45
0.43
0.63
0.12
0.69
0.04
0.37
0.04
0.22
0.42
2.00
4.84
0.54
1.78
0.67
0.06
0.11
0.52
0.02
0.07
0.07
0.87
0.13
0.35
1.39
0.45
0.58
5.50
0.45
0.37
0.15
0.60
0.16
0.09
0.98
0.28
0.34
0.00
0.75
0.49
0.28
0.32
0.21
0.19
2.95
2.17
0.29
1,008,838
9,959,709
0.12
1.23
10,968,547
26,132,917
4,775,733
1,983,863
1.35
3.21
0.59
0.24
The accompanying notes form an integral part of these financial statements
47
Equity Latin America
Securities Portfolio as at 31/12/13
21,466 TENARIS SA
205,200 TERNIUM SA ADR
187,000
614,404
1,811,000
582,002
405,100
9,599,568
899,991
245,700
629,992
210,300
14,346
1,009,200
279,100
649,700
487,670
2,213,000
902,500
4,600,400
4,072,500
2,209,100
523,861
6,154,076
834,205
161,400
99,585
206,400
550,600
232,000
Mexico
ALSEA SAB DE CV
AMERICA MOVIL L
AMERICA MOVIL-ADR-L
ARCA CONTINENTAL
BOLSA MEXICANA DE VALORES
CEMENTOS DE MEXICO CPO
CEMEX LATAM HLDG
CEMEX SAB DE CV-SPONS ADR PART CER
CONCENTRADORA FIBRA HOTELERA MEXICANA
REIT
CONTROLADORA UTS UNITS
EL PUERTO DE LIVERPOOL SAB CI
FIBRA UNO ADMINISTRACION SA
FOMENTO ECONOMICO MEXICANO SA DE CV
FEMSA ADR
GERDAU SA
GERDAU SP.ADR
GRUPO BIMBO SA DE CV BIMBO
GRUPO CARSO S.A1
GRUPO FIN BANORTE
GRUPO FINANCIERO INBURSA S.A.B
GRUPO INDUSTRIAL MASECA S.A.B.
GRUPO LALA
GRUPO MEXICO SAB DE CV -BGRUPO TELEVISA GDR
HERDEZB
INDUSTRIAS PENOLES SA DE CV
INFRAESTRUCTURA ENERGETICA NOVA SAB DE
CV
KIMBERLY-CLARK DEMEXICO S.A.B.
MEGACABLE HLDGS SAB DE CV
The accompanying notes form an integral part of these financial statements
48
2,549,040
1,091,980
226,498
0.32
0.13
0.03
3,867,518
7,060,024
637,264
6,422,760
248,136,230
582,397
713,990
42,323,070
3,628,309
925,748
11,243,478
6,894,340
2,906,631
1,005,321
897,583
163,284
3,222,440
27,315,517
4,155,519
3,823,333
6,792,523
4,785,674
32,090,415
11,483,229
16,661,267
1,156,346
20,312,890
25,243,043
572,664
2,464,925
822,156
1,558,833
782,241
0.48
0.87
0.08
0.79
30.48
1,548,402 MEXICHEM S.A.B. DE C.V
309,048 TERRA13 REIT
2,560,950 WAL MART DE MEXICO V
Panama
17,000 COPA HOLDINGS CLASS A
Peru
276,239 ALICORP
292,400 CIA DE MINAS BUENAVENTURA-SP ADR
41,491 GRANA Y MONTERO SAA ADR
United States of America
115,600 GRAN TIERRA ENERGY INC
99,836 HIPERMAC SPON ADR
13,356 SOUTHERN COPPER CORP
Venezuela
130,332 SIDERURGICA VENEZOLANA SIVENSA
118,887 SIVENSA ADR
Convertible bonds
Brazil
353,251 PDG REALTY 0% 19/09/2016 CV
0.07
Warrants, Rights
0.09
Brazil
5.19
98,534 KLABIN RIGHTS
0.45
0.11
Other transferable securities
1.38
0.85
Shares
0.36
Brazil
0.12
87,000 JBS
0.11 Total securities portfolio
0.02
0.40
3.36
0.51
0.47
0.83
0.59
3.94
1.41
2.05
0.14
2.50
3.10
0.07
0.30
0.10
0.19
0.10
USD
% of NaV
Luxembourg
0.02
0.10
0.43
0.09
0.22
0.17
0.88
0.02
0.03
0.09
0.21
0.07
0.05
Market Value
52,000 BANCOLOMBIA ADR
28,400 ECOPETROL SA ADR
12,985 GRUPO DE INV SURAMERICANA
165,933
844,376
3,480,748
744,538
1,792,116
1,408,180
7,068,204
134,829
267,007
757,576
1,741,859
586,598
381,357
Quantity
Colombia
USD
% of NaV
EDELNOR
EMBOT AND SP ADR-B
EMBOTELLADORA ANDINA S.A. -BEMBOTELLADORA ANDINA SA PFD A
EMPRES ELEC SP ADR
EMPRESA NACIONAL DE TELECOM.
ENERSIS SA ADR
FALABELLA
HABITAT
INVERSIONES LA CONSTRUCTION SA
LATAM AIRLINES GROUP-SP ADR
PARAUCO
SONDA
Market Value
Quantity
128,403
29,900
757,992
211,469
40,200
103,768
471,528
15,032
201,579
53,793
106,797
319,285
159,035
6,355,747
554,284
6,699,033
0.78
0.07
0.82
2,721,870
0.33
2,721,870
0.33
5,060,421
0.62
1,258,887
0.15
575,751
0.07
898,839
3,280,728
880,854
845,036
30,400
383,451
528,196
47,555
2,995
2,995
2,995
20,882
20,882
20,882
323,401
323,401
323,401
323,401
808,942,710
0.11
0.40
0.11
0.10
0.00
0.05
0.06
0.01
0.00
0.00
0.00
0.00
0.00
0.00
0.04
0.04
0.04
0.04
99.38
Equity Thailand
Securities Portfolio as at 31/12/13
Construction and Materials
290,300 SIAM CEMENT (NVDR)
Food Producers
4,078,600 CHAROEN POKPHAND FOOD
4,662,700 GFPT PUBLIC CO LTD-FOREIGN
2,205,420 THAI UNION FROZEN
Health Care Equipment and Services
622,000 BANGKOK DUSIT MEDICAL FOREIGN
Household Goods and Home Construction
8,009,600 LAND & HOUSES NVDR
Industrial Transportation
338,600 AIRPORTS THAILAND FOREIGN RGD
1,406,400 THORESEN THAI AGENCIES F
Life Insurance
1,278,700 BANGKOK LIFE ASSURANCE NVDR
Mining
1,231,900 BANPU PUBLIC
Mobile Telecommunications
527,500 ADVANCED INFO SCE PUB.FRGN RGD
829,500 TOTAL ACCESS COMMUNICA-NVDR
678,600
1,431,200
564,800
1,902,400
26,440,600
222,913
19,329,800
3,561,800
Oil and Gas Producers
PTT EXPLORATION PRODUC PUBLIC
PTT GLOBAL CHEM
PTT PUBLIC COMPANY FOREIGN
THAI OIL F
Real Estate Investment and Services
BANGKOK LAND
DUSIT THAI PROPERTIE
HEMARAJ LAND FRGN
SUPALAI PUBLIC FOREIGN
Technology Hardware and Equipment
20,714,500 SAMART I MOBILE
2,080,900 SHIN CORP PUBLIC CO NVDR
2,295,700 THAICOM PUBLIC CO
71,162,300
99.64
12,019,627
16.83
71,162,300
1,344,784
3,941,280
3,199,338
3,534,225
3,533,783
3,533,783
99.64
3.11
3.05
2,377,953
3.33
2,646,125
1,134,054
1,134,054
5,651,184
3,202,567
2,448,617
3.05
2.29
1.04
3.71
3.71
1.59
1.59
7.91
4.48
3.43
15,051,579
21.08
4,551,142
6.37
3,438,436
3,440,806
4,915,791
3,256,546
1,239,153
1,729,447
1,582,542
9,187,481
2,067,669
4,290,356
2,829,456
0.00
5.56
2.54
6.75
2,181,557
2,646,125
99.64
-
4.95
3.11
1,633,237
744,716
71,162,300
4.95
2,224,135
2,181,557
0.00
0.00
5.52
4.48
4.95
14.85
2,224,135
3,472 SWEDISH MOTORS CIE 0% PERPETUAL
Total securities portfolio
-
-
1.88
10,603,680
3,971,860
1,816,269
4,815,551
Bonds
General Retailers
USD
% of NaV
10,043,080 AP NVDR UNITS NON-VOTING DEPOSITORY
RECEIPT
817,100 KASIKORNBANK -F6,371,525 KRUNG THAI BANK PUBLIC FOREIGN
809,300 SIAM COMMCL BANK -F-
99.64
Market Value
Banks
71,162,300
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
4.81
4.82
6.89
4.56
1.74
0.00
2.41
2.22
12.86
2.90
6.00
3.96
The accompanying notes form an integral part of these financial statements
49
Equity Global Aqua
Securities Portfolio as at 31/12/13
Finland
11,982 KEMIRA OYJ
France
144,721 SUEZ ENVIRONNEMENT COMPANY
26,992 TOTAL
70,653 VEOLIA ENVIRONNEMENT
Hong Kong (China)
217,000 CHINA EB INTL LTD
Israel
38,609 ISRAEL CHEMICALS LTD
Japan
139,000 EBARA CORP
37,200 KURITA WATER INDUSTRIES LTD
Netherlands
9,463 AALBERTS INDUSTRIES
3,817 ARCADIS NV
Norway
80,269 STATOILHYDRO ASA
Singapore
201,000 HYFLUX LTD
South Korea
9,452 WOONG JIN COWAY CO LTD
Sweden
34,890 ALFA LAVAL
754,656
1.88
36,663,515
754,656
145,701
145,701
3,924,536
1,884,991
1,201,954
837,591
210,820
210,820
233,534
233,534
1,209,246
648,791
560,455
317,097
219,305
97,792
1,411,454
1,411,454
135,171
135,171
431,580
431,580
650,492
650,492
1,368,877
United Kingdom
6,760,183
HALMA PLC
PENNON GROUP PLC
ROTORK
ROYAL DUTCH SHELL B SHARES
ROYAL DUTCH SHELL PLC-A
SEVERN TRENT PLC
UNITED UTILITIES GROUP PLC
The accompanying notes form an integral part of these financial statements
50
91.20
Switzerland
4,826 GEBERIT AG-NOM
2,586 SULZER AG-NOM
54,696
54,510
19,740
42,818
78,682
46,425
134,813
36,663,515
1,065,225
303,652
396,743
431,428
680,935
1,173,378
2,038,257
951,378
1,088,064
91.20
1.88
0.36
0.36
9.76
4.69
2.99
2.08
0.52
0.52
0.58
0.58
3.01
1.62
1.39
0.79
0.55
0.24
3.51
3.51
0.34
0.34
1.07
1.07
1.62
1.62
3.41
2.65
0.76
16.82
0.99
1.07
1.69
2.92
5.07
2.37
2.71
7,590
54,851
39,275
8,371
10,900
32,700
5,700
30,300
43,000
19,100
3,700
9,800
21,300
14,600
14,000
10,500
69,000
42,300
12,400
31,200
12,100
91,800
United States of America
AEGION
AMERICAN WATER WORKS
AQUA AMERICA
BADGER METER INC
CALGON CARBON CORPORATION
CELANESE SER A
COMPASS MINERALS INTERNATIONAL
DANAHER CORP
DOW CHEMICAL CO
EXXON MOBIL CORP
FLOWSERVE CORP
FRANKLIN ELECTRIC
IDEX CORP
ITRON INC
LAYNE CHRISTENSEN
MARATHON PETROLEUM
MUELLER WATER PRODUCTS SER A
PENTAIR
PHILLIPS 66
TETRA TECH
WATTS WATER TECHNOLOGIES CL-A
XYLEM
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
10 AMUNDI TRESO EONIA ISR I C
Total securities portfolio
EUR
% of NaV
91,700 SABESP SP.ADR
96.65
Market Value
Brazil
38,854,723
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
19,110,168
47.53
2,191,208
5.45
120,574
1,682,212
672,374
331,086
162,715
1,312,556
331,133
1,697,566
1,385,536
1,402,750
211,670
317,480
1,141,554
438,969
173,533
698,984
469,197
2,384,297
694,083
633,532
543,290
2,305,077
2,191,208
2,191,208
2,191,208
38,854,723
0.30
4.18
1.67
0.82
0.40
3.27
0.82
4.22
3.45
3.49
0.53
0.79
2.84
1.09
0.43
1.74
1.17
5.93
1.73
1.58
1.35
5.73
5.45
5.45
5.45
96.65
Equity Emerging Anti-Benchmark
Securities Portfolio as at 31/12/13
8,000
62,000
6,500
29,000
22,000
52,000
466,000
7,500
52,000
59,500
116,000
130,000
120,000
50,000
12,700
6,000
286,000
168,000
424
358,000
Brazil
AES TIETE SA
CESP CIA ENERG SP PRF NPV ‘B’
CIA ENERG MINAS GERAIS PREF
ELETROBRAS
ELETROBRAS PREF B
EMBRAER EMPRESA
FIBRIA CELULOSE SA
MRV ENGENHARIA E PARTICIPACOES
MULTIPLUS
NATURA COSMETICOS
OI PFD
QUALICORP
SUL AMERICA SA UNITS
SUZANO BAHIA SUL PAPEL PFD A
TRACTEBEL ENERGIA
USIMINAS PREFERED .SHS A
Cayman Islands
AAC TECHNOLOGIES HOLDINGS IN
ANTA SPORTS PRODUCTS LTD
BIOSTIME INTL
CHAILEASE
CHINA MENGNIU DAIRY
ENN ENERGY HOLDINGS LTD
GCL-POLY ENERGY HLD
HENGAN INTERNATIONAL GROUP CO LTD
SINO BIOPHARMACEUTICAL
SOHO CHINA
TINGYI HOLDING
UNI-PRESIDENT CHINA HOLDINGS
WANT WANT CHINA HOLDINGS
ZHONGSHENG GROUP HOLDINGS LTD
China
AUTOMOBILE -BBYD CO LTD-H
CHINA COMMUNICATION SERVI-H
CHINA SHIPPING CONTAINER
CJ CHEILJEDANG
DATANG INTERNATIONAL POWER H
22,312,024
97.39
1,486,747
6.49
22,312,024
333,708
342,724
263,569
238,974
109,692
198,080
2,066,926
94,624
185,217
183,166
67,394
108,538
69,625
147,597
64,642
70,984
226,093
81,977
105,808
36,968
107,650
296,909
219,734
1,781,496
39,013
77,093
58,218
76,333
104,864
386,269
144,861
88,984
41,422
51,481
336,558
133,022
174,082
69,296
2,199,232
25,168
29,532
177,812
43,956
111,782
166,005
97.39
1.46
1.50
1.15
1.04
0.48
0.86
9.02
0.41
0.81
0.80
0.29
0.47
0.30
0.64
0.28
0.31
0.99
0.36
0.46
0.16
0.47
1.31
0.96
7.78
0.17
0.34
0.25
0.33
0.46
1.70
0.63
0.39
0.18
0.22
1.47
0.58
0.76
0.30
9.60
0.11
0.13
0.78
0.19
0.49
0.72
344,000
168,000
72,600
7,000
34,000
61,000
117,040
156,000
78,600
21,485
2,138
9,857
30,596
44,872
HUANENG POWER INTERNATIONAL
SHANDONG WEIGAO GROUP MEDICAL
SHANGHAI PHARMACEUTICALS HOLDINGS CO LTD
SHENZHOU INTL GROUP HOLINGS
TSINGTAO BREWERY CO LTD
WUMART STORES
YITAI COAL -BZJ EXPRESS -HZTE CORP
312,341
227,612
178,479
26,384
288,673
99,553
207,044
148,109
156,782
1.37
0.99
0.78
0.12
1.26
0.43
0.90
0.65
0.68
ALMACENES EXITO
BANCO DAVIVIENDA PREFERRED
CEMENTOS ARGOS SA
GRUPO ARGOS
ISA
334,995
26,291
50,206
309,132
212,226
1.46
0.11
0.22
1.35
0.93
42,525
0.19
368,538
266,635
127,634
318,118
1.61
1.16
0.56
1.39
Colombia
Greece
2,589 JUMBO SA
37,000
112,000
130,000
224,500
USD
% of NaV
11,700
19,500
30,860
27,100
25,800
8,700
12,600
18,100
5,600
12,900
53,900
11,100
5,900
27,500
19,500
36,500
CHINA GAS HLDGS LTD
CHINA RESOURCES GAS GROUP
GOME ELECTRICAL APPLIANCES
HAIER ELECTRONICS GROUP CO LTD
HANERGY SOLAR
SIHUAN PHARMACEUTICAL HLDGS
99.64
Market Value
226,000
98,000
1,423,000
82,000
1,072,000
216,000
Bermuda
22,828,225
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Hong Kong (China)
BEIJING ENTERPRISE
CHINA RESOURCES POWER
GUANGDONG INVESTMENT LTD
SUN ART RETAIL GROUP LTD
932,850
42,525
1,080,925
4.07
0.19
4.72
India
125,449
0.55
Indonesia
739,849
3.23
102,100 BUMI ARMADA
92,500
193,500
444,500
923,500
243,500
312,500
292,500
BANK CENTRAL ASIA
CHAROEN POKPHAND
INDOFOOD SUKSES
KALBE FARMA
PT JASA MARGA TBK
PT XL AXIATA TBK
TELKOM INDONESIA SERIE B
134,000
141,000
4,200
46,100
46,900
74,935
103,100
180,800
AXIATA GROUP BHD
IJM CORP BHD
KUALA LUMPUR KEPONG
LAFARGE MALAYAN CEM
PETRONAS GAS
RHB CAPITAL BHD
TELEKOM MALAYSIA BHD
UEM LAND HOLDINGS
Malaysia
Mexico
28,000 GRUPO FINANCIERO B
Peru
18,312 CIA DE MINAS BUENAVENTURA-SP ADR
Philippines
898,700 ENERGY DEVELOPMENT
125,449
0.55
72,727
53,486
240,271
94,543
94,229
133,088
51,505
0.32
0.23
1.06
0.41
0.41
0.58
0.22
281,897
252,774
31,885
120,453
347,182
180,488
174,457
130,091
1.23
1.10
0.14
0.53
1.51
0.79
0.76
0.57
1,519,227
76,297
76,297
201,066
6.63
0.33
0.33
0.88
201,066
0.88
108,406
0.47
451,443
1.97
The accompanying notes form an integral part of these financial statements
51
Equity Emerging Anti-Benchmark
Securities Portfolio as at 31/12/13
289,615
47,261
1.26
0.21
Russia
1,825 NOVATEK OAO-SPONS GDR REG S
1,203 SISTEMA JSFC-REG S SPONS GDR
34,961
7,241
11,524
26,702
8,181
320
148
4,656
9,960
740
6,270
1,630
7,700
710
550
6,650
4,430
10,750
2,684
3,140
400
27,670
418
657
324
1,108
5,160
906
32,000
106,000
16,000
53,000
67,000
9,000
4,000
134,000
45,000
262,000
144,000
South Africa
AFRICAN BANK INVESTMENTS LTD
ANGLOGOLD ASHANTI
GOLD FIELDS LIMITED
HARMONY GOLD
TRUWORTHS INTERNATIONAL
South Korea
AMOREPACIFIC
AMOREPACIFIC
CELTRION
CHEIL COMMUNICATIONS INC
HALLA VISTEON
HYUNDAI F & M INS
HYUNDAI GLOVIS CO LTD
HYUNDAI MERCHANT MARINE
HYUNDAI MOTOR CO.LTD
HYUNDAI WIA CORP
KANGWON LAND
KOREA AEROSPACE INDUTRIES LTD
KOREA ELECTRIC POWER CORP
KOREA GAS CORP
KT
LG HOUSEHOLD & HEALTH CARE LTD
LG TELECOM
NAVER CORP
NCSOFT
ORION CORP
SK TELECOM
WOONG JIN COWAY CO LTD
YUHAN CORP
Taiwan
ADVANTECH
ASIA PACIFIC
ASUSTEK COMPUTER
CATCHER
CTCI
DELTA ELECTRONIC INDUSTRIAL INC
ECLAT TEXTILE
FAR EASTONE TELECOMMUNICATION
HIGH TECH COMPUTER CORP
INNOLUX CORPORATION
INVENTEC CORP
The accompanying notes form an integral part of these financial statements
286,485
247,652
38,833
290,570
40,190
85,790
36,646
67,674
60,270
4,459,694
141,621
140,860
169,943
260,686
27,292
193,944
358,366
83,545
88,185
99,458
195,888
122,272
355,540
170,130
94,288
208,625
283,102
288,032
155,388
292,642
242,545
326,094
161,248
2,572,548
221,854
54,983
143,963
344,312
108,647
51,367
45,123
294,675
213,024
99,837
127,391
1.47
1.25
1.08
0.17
1.27
0.18
0.37
0.16
0.30
0.26
19.46
LARGAN PRECISION
MERIDA INDUSTRY
TAIWAN MOBILE CO LTD
UNIMICRON TECHNOLOGY
Thailand
0.97
0.24
0.63
1.49
0.47
0.22
0.20
1.29
0.93
0.44
0.56
885,728
1.25
0.70
1.34
0.49
3.87
19,000
26,200
59,500
88,700
63,800
19,700
1,096,100
ADVANCED INFO SERVICE PUBLIC
AIRPORTS OF THAILAND PCL
BANPU PUBLIC CO LTD
BEC WORLD PUBLIC CO LTD
GLOW ENERGY
SIAM CEMENT -FTMB BANK PUBLIC CO.LTD
115,865
126,936
55,017
136,921
137,488
244,481
69,020
0.51
0.55
0.24
0.60
0.60
1.07
0.30
8,190
4,524
19,082
42,247
6,539
COCA COLA ICECEK
KOZA ALTIN ISLETMELERI AS
TAV HAVALIMANLARI HOLDING AS
TURKCELL ILETISIM HIZMETL
ULKER GIDA
200,382
51,086
138,715
230,582
47,689
0.87
0.22
0.61
1.01
0.21
107,637
0.47
Turkey
0.62
0.61
United States of America
0.74
1.14
20,550 URALKALIY
0.12
Other
transferable
securities
0.85
1.57
Shares
0.36
Brazil
0.38
21,700 JBS
0.43
30,900 ODONTOPREV SA
0.86
0.53
Indonesia
1.55
556,500
PERUSAHAAN GAS NEGARA TBK
0.74
0.41
Taiwan
0.91
31,000 KINSUS INTERCONNECT TECHNOLOGY
1.24
1.26 Total securities portfolio
0.68
1.28
1.06
1.42
0.70
11.22
USD
285,543
159,911
310,380
111,538
% of NaV
88,709 ORANGE POLSKA SA
8,714 PGE POL GR EN SHS
336,876
7,000
22,000
96,000
147,000
Market Value
0.64
0.86
Quantity
% of NaV
Market Value
Quantity
147,163
195,874
Poland
52
USD
3,965 GLOBE TELECOM
50,000 JOLLIBEE FOODS CORP.
668,454
107,637
516,201
516,201
209,309
2.92
0.47
2.25
2.25
0.91
80,625
128,684
0.35
0.56
203,959
0.89
203,959
102,933
102,933
22,828,225
0.89
0.45
0.45
99.64
Equity Emerging Minimum Variance
Securities Portfolio as at 31/12/13
23,258
18,945,307
201,834
1,138,205
48,770
9,516
1,468,000
194,000
221,000
174,000
210,042
2,269,349
3.19
66,589,135
611,625
591,971
694,119
371,634
3,028,159
Cayman Islands
5,528,909
ANTA SPORTS PRODUCTS LTD
BIOSTIME INTL
CHINA STATE CONSTRUCTION INTL
ENN ENERGY HOLDINGS LTD
GEELY AUTOMOBILE
INTIME RETAIL
SINO BIOPHARMACEUTICAL
TINGYI HOLDING
Chile
COPEC
CORPBANCA
ENDESA CHILE
ENERSIS
FALABELLA
SDAD QUIMICA Y MINERA CHILE B
China
BANK OF CHINA -HBEIJING CAPITAL INTL AIRPORT H
GREAT WALL MOTOR
JIANGSU EXPRESS -HSINOPHARM
Czech Republic
27,494 CESKE ENERGETICKE ZAVODY A.S.
2,565 KOMERCNI BANKA AS
163,500
293,258
962,096
368,721
450,500
94.06
Brazil
60,000 CIELO
26,134 TRACTEBEL ENERGIA
40,500 ULTRAPAR PARTICIPACOES SA
290,000
79,500
184,000
120,564
2,900,000
367,000
756,000
296,000
66,994,827
Hong Kong (China)
CHINA MOBILE LTD
CHINA RESOURCES POWER
CHINA UNICOM
GUANGDONG INVESTMENT LTD
SUN ART RETAIL GROUP LTD
Hungary
40,698 RICHTER GEDEON
1,669,587
398,114
960,458
359,051
709,001
329,853
891,740
1,402,545
381,968
599,631
855,120
1,894,695
311,598
261,402
300,483
341,386
437,439
242,387
2,864,260
675,899
151,872
1,219,898
213,860
602,731
1,286,419
715,563
570,856
4,825,936
1,695,357
695,157
1,439,341
360,458
635,623
830,413
830,413
93.49
0.86
0.83
0.98
0.52
4.25
2.34
0.56
1.35
7.76
0.50
1.00
0.46
1.25
1.97
0.54
0.84
1.20
2.66
0.44
0.37
0.42
0.48
0.61
0.34
4.02
0.95
0.21
1.71
0.30
0.85
1.81
1.01
0.80
6.78
2.38
0.98
2.02
0.51
0.89
1.17
1.17
Indonesia
1,469,688
2.06
Malaysia
5,409,052
7.59
Mexico
3,243,810
78,500 GUDANG GARAM
5,544,000 TELKOM INDONESIA SERIE B
140,500 UNITED TRACTORS
219,816
102,698
183,510
336,600
91,533
20,000
277,200
32,500
54,000
278,100
401,510
76,300
AMMB HOLDINGS BHD
GENTING
GENTING MALAYSIA BHD
IOI CORPORATION BHD
IOI PROPERTIES GROUP BHD
KUALA LUMPUR KEPONG
PETRONAS CHEMICALS
PETRONAS GAS
PUBLIC BANK -FSIME DARBY
TENAGA NASIONAL
UMW HOLDINGS
687,900
65,451
39,587
19,300
152,989
147,633
AMERICA MOVIL L
ARCA CONTINENTAL
COCA-COLA FEMSA SER’L’MXN1
GRUPO AEROPORTUAR DEL SUR B
GRUPO FINANCIERO INBURSA S.A.B
GRUPO TELEVISA SA-SER
Philippines
265,409 METRO BANK & TRUST
23,620 SM INVESTMENTS CORP
887,100 SM PRIME HLDGS
0.38
1.37
0.31
485,873
321,687
245,391
484,016
87,188
152,039
585,631
240,911
322,139
808,282
1,394,966
280,929
0.68
0.45
0.34
0.68
0.12
0.21
0.82
0.34
0.45
1.14
1.97
0.39
799,399
408,034
477,324
240,551
431,383
887,119
1.12
0.57
0.67
0.34
0.61
1.24
1,123,599
451,793
378,388
293,418
4.55
1.58
0.64
0.53
0.41
398,203
Russia
6,549,733
9.20
699,556
0.98
LUKOIL SP ADR
NOVATEK OAO-SPONS GDR REG S
OJSC MAGNIT
ROSNEFT OIL CIE
TRANSNEFT OJSC PREF SHS
South Africa
81,504 LIFE HEALTHCARE GROUP HOLDINGS LIMITED
51,516 MEDICLINIC
13,417
14,611
1,632
2,325
1,166
16,092
23,480
270,912
979,425
219,351
Poland
3,100 BANK ZACHODNI WBK
18,402
12,662
6,079
235,484
60
USD
% of NaV
CHINA GAS HLDGS LTD
HAIER ELECTRONICS GROUP CO LTD
KUNLUN ENERGY
SIHUAN PHARMACEUTICAL HLDGS
95.60
Market Value
416,000
204,000
394,000
407,000
Bermuda
68,089,770
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
South Korea
CHEIL INDL
HYUNDAI ENGINEERING AND CONSTR
HYUNDAI GLOVIS CO LTD
HYUNDAI MOTOR
KCC CORPORATION
LG CORP
LG DISPLAY CO LTD
398,203
1,149,205
1,733,428
1,704,878
1,804,254
157,968
325,744
373,812
8,836,951
1,125,129
840,373
357,220
521,024
517,621
975,873
564,001
0.56
0.56
1.61
2.44
2.39
2.54
0.22
0.46
0.52
12.41
1.58
1.18
0.50
0.73
0.73
1.37
0.79
The accompanying notes form an integral part of these financial statements
53
Equity Emerging Minimum Variance
Securities Portfolio as at 31/12/13
Taiwan
ASUSTEK COMPUTER
BANK SINOPAC
CHENG SHIN RUBBER INDUSTRY CO LTD
CHINATRUST FIN HLDG
DELTA ELECTRONIC INDUSTRIAL INC
E SUN FINANCIAL HOLDINGS
FIRST FINANCIAL HOLDING
FORMOSA CHEMICALS AND FIBER CO
GIANT MANUFACTURE
HERMES MICROVIS
LARGAN PRECISION
LITE ON TECHNOLOGY CORP
MEDIATEK INC
MEGA FINANCIAL HOLDING
NOVATEK MICROELECTRONICS
PRESIDENT CHAIN STORE CORP
SILICONWARE PRECISION INDUSTRIES CO LTD
TAIWAN SEMICONDUCTOR MANUFACTURING CO
LTD
265,000 TECO ELECTRIC
548,588 UNI-PRESIDENT ENTERPRISES CORP
155,000 VANGUARD INTERNATIONAL SEMI
108,200
301,800
36,200
65,400
Thailand
BANGKOK BANK PUBLIC
CENTRAL PATTANA PUBLIC CO LTD
PTT EXPLOR&PROD PUBLIC CO
SIAM CEMENT
Warrants, Rights
Cayman Islands
15,356 MORGAN STANLEY RELIANCE INDUSTRIES 22/06/2015
5,214 MS ASIA WTS TATA CONSULTANCY 13/04/2015
Other transferable securities
Shares
Brazil
6,900 M.DIAS BRANCO S.A.
Indonesia
1,307,000 PERUSAHAAN GAS NEGARA TBK
Taiwan
97,000 KINSUS INTERCONNECT TECHNOLOGY
Total securities portfolio
The accompanying notes form an integral part of these financial statements
54
USD
245,219
1,312,942
661,722
1,715,827
% of NaV
185,000
519,000
275,000
1,206,000
189,000
558,000
320,768
179,743
34,883
18,000
16,000
229,608
120,000
689,000
159,000
58,000
210,000
502,000
LS INDUSTRIAL SYSTEMS LTD
SAMSUNG ELECTRO-MECHANICS
SAMSUNG ELECTRONICS CO LTD
SAMSUNG HEAVY INDUSTRIES CO LTD
Market Value
Quantity
3,939
18,981
509
47,590
0.34
1.84
0.93
2.42
14,388,201
20.19
303,647
988,448
184,106
0.43
1.39
0.26
1,663,564
258,599
719,715
823,464
1,078,062
370,708
199,649
506,599
239,939
584,630
652,273
368,254
1,785,699
580,265
650,864
401,866
250,843
1,777,007
1,942,202
586,111
376,561
183,424
796,106
405,692
405,692
222,438
183,254
1,094,943
1,094,943
292,464
292,464
480,594
480,594
321,885
321,885
68,089,770
2.34
0.36
1.01
1.16
1.51
0.52
0.28
0.71
0.34
0.82
0.92
0.52
2.50
0.81
0.91
0.56
0.35
2.49
2.73
0.82
0.53
0.26
1.12
0.57
0.57
0.31
0.26
1.54
1.54
0.41
0.41
0.68
0.68
0.45
0.45
95.60
Equity Europe Minimum Variance
Securities Portfolio as at 31/12/13
1,885,945
1.00
183,567,591
933,908
952,037
3,005,430
Finland
2,259,290
63,250 SAMPO A
11,931
58,247
72,760
22,040
8,975
34,694
1,222
54,347
9,727
77,057
97.21
Denmark
14,261 NOVO NORDISK B
57,746 TOPDANMARK
37,404
13,190
93,804
30,569
32,600
61,854
51,967
8,378
36,215
16,531
42,085
54,332
12,157
36,358
245,945
183,567,908
France
AIR LIQUIDE
BIC
BUREAU VERITAS
DANONE
DASSAULT SYSTEMES
EDENRED
ESSILOR INTERNATIONAL
LVMH MOET HENNESSY LOUIS VUITTON
PUBLICIS GROUPE
REMY COINTREAU
SANOFI
SCOR SE ACT PROV
SEB
SODEXO
VIVENDI
Germany
ADIDAS NOM
DAIMLER
FREENET
FRESENIUS SE & CO KGAA
HUGO BOSS AG
MERCK KGAA
PUMA AG
RHOEN KLINIKUM
SOFTWARE
SUEDZUCKER
Ireland
14,776 KERRY GROUP A
13,166 PADDY POWER
1,900,103
1,105,327
2,259,290
34,478,412
3,845,131
1,174,701
1,992,866
1,599,370
2,941,498
1,504,908
4,016,010
1,110,923
2,408,660
1,008,226
3,245,595
1,443,330
798,715
2,677,403
4,711,076
17,462,447
1,105,288
3,663,736
1,584,713
2,459,664
928,913
4,518,894
287,170
1,155,145
247,066
1,511,858
1,562,480
746,188
816,292
Italy
1,563,176
Jersey
5,387,682
133,922 DAVIDE CAMPARI-MILANO SPA
19,228 LUXOTTICA GROUP
259,463 EXPERIAN PLC
814,245
748,931
3,474,060
97.21
0.49
0.51
1.59
1.00
0.59
1.20
1.20
18.26
2.04
0.62
1.06
0.85
1.56
0.80
2.13
0.59
1.28
0.53
1.72
0.76
0.42
1.42
2.48
9.25
0.59
1.94
0.84
1.30
0.49
2.40
0.15
0.61
0.13
0.80
0.83
0.40
0.43
0.83
0.43
0.40
2.85
1.84
EUR
% of NaV
23,014 COLRUYT DIV
14,267 GROUPE BRUXELLES LAMBERT
99.89
Market Value
Belgium
188,628,316
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
115,372 WPP PLC
1,913,622
1.01
67,101 QIAGEN NV
135,771 UNILEVER CVA
1,136,355
3,974,696
0.60
2.11
254,743 TELENOR
4,406,280
Netherlands
Norway
602
117,858
84,686
33,748
27,367
Spain
CONSTRUCCION Y AUXILIAR DE FER
DURO FELGUERA
EBRO FOODS SA
INDITEX
VISCOFAN
Sweden
785,871 TELIASONERA AB
22,138
1,351
16
79,788
69,913
21,611
Switzerland
HOLCIM LTD-NOM
KABA HOLDING N
LINDT & SPRUENGLI AG-NOM
NESTLE SA
NOVARTIS AG-NOM
ROCHE HOLDING AG - BON DE JOUISSANCE
DIVIDENDE
12,204 SWISSCOM N
11,586 SYNGENTA AG-NOM
92,340
35,898
767,222
102,242
250,634
582,591
74,037
991,061
463,661
131,560
68,894
59,030
208,369
80,080
446,880
317,650
31,438
154,374
2,333
473,299
143,611
264,544
252,869
626,527
United Kingdom
ASSOCIATED BRITISH FOODS
BABCOCK INTERNATIONAL GROUP PLC
BP PLC
BRITISH AMERICAN TOBACCO PLC
BRITISH SKY BROADCASTING GRP
BT GROUP PLC
BUNZL
CENTRICA PLC
COMPASS GROUP PLC
DIAGEO
INTERTEK GROUP
NEXT PLC
QINETIQ GROUP
RECKITT BENCKISER GROUP PLC
REED ELSEVIER PLC
REXAM P.L.C.
RIGHTMOVE
ROYAL DUTCH SHELL B SHARES
ROYAL DUTCH SHELL PLC-A
SAGE GRP
SHIRE
SMITH & NEPHEW
SSE PLC
VODAFONE GROUP PLC
5,111,051
4,406,280
7,426,115
231,349
577,504
1,442,626
4,043,011
1,131,625
4,755,186
4,755,186
2.71
2.33
2.33
3.93
0.12
0.31
0.76
2.14
0.60
2.52
2.52
23,066,996
12.22
4,689,402
3,358,096
2.49
1.78
1,205,803
477,894
627,989
4,251,454
4,061,857
4,394,501
71,197,101
2,713,597
584,637
4,500,513
3,979,082
2,542,489
2,656,671
1,290,308
4,141,730
5,394,518
3,162,500
2,606,710
3,866,749
543,462
4,613,263
4,828,667
2,025,401
1,035,338
4,230,441
60,436
2,296,524
4,922,820
2,737,649
4,163,828
1,784,698
0.64
0.25
0.33
2.25
2.15
2.33
37.69
1.44
0.31
2.38
2.11
1.35
1.41
0.68
2.19
2.85
1.67
1.38
2.05
0.29
2.44
2.55
1.07
0.55
2.24
0.03
1.22
2.60
1.45
2.21
0.95
The accompanying notes form an integral part of these financial statements
55
Equity Europe Minimum Variance
Securities Portfolio as at 31/12/13
Austria
9,052 INTERCELL AG DROIT DE SOUSCRIPTION
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
47 AMUNDI SERENITE PEA I C
19 AMUNDI TRESO EONIA C
260 AMUNDI TRESO EONIA ISR S
Total securities portfolio
The accompanying notes form an integral part of these financial statements
56
EUR
% of NaV
Warrants, Rights
Market Value
Quantity
42,811 WH SMITH
515,070
0.27
317
0.00
317
317
5,060,408
5,060,408
5,060,408
529,089
4,269,350
261,969
188,628,316
0.00
0.00
2.68
2.68
2.68
0.28
2.26
0.14
99.89
Equity Global Minimum Variance
Securities Portfolio as at 31/12/13
7,200
4,900
13,000
5,200
85,500
36,400
4,500
13,800
5,300
3,200
48,900
3,700
Bermuda
ARCH CAP GRP
EVEREST REINSURANCE GROUP
PARTNERRE
RENAISSANCERE HOLDINGS LTD
YUE YUEN INDUSTRIAL HOLDINGS
Canada
BCE INC
CGI GROUP INC A
METRO INC
OPEN TEXT
SAPUTO INC
TELUS
VALEANT PHARMA
Cayman Islands
139,500 AAC TECHNOLOGIES HOLDINGS IN
180,400 MGM CHINA HLDGS
Denmark
9,754 COLOPLAST B
France
13,347 BUREAU VERITAS
4,264 DASSAULT SYSTEMES
2,974 ESSILOR INTERNATIONAL
Germany
5,479 SUEDZUCKER
Hong Kong (China)
20,000 MTR CORP
99,000 POWER ASSETS HOLDINGS LTD
97.12
396,605
0.46
83,434,044
396,605
3,355,886
429,768
763,763
1,370,590
506,168
285,597
5,319,175
1,575,929
150,525
842,949
487,408
145,741
1,682,646
433,977
1,447,479
677,371
770,108
646,772
646,772
1,237,576
390,727
530,154
316,695
148,127
148,127
862,852
75,705
787,147
Ireland
1,872,212
Japan
11,057,682
12,200 PERRIGO COMPANY PLC
6,600
23,400
33,100
2,600
23,800
75,000
1,300
5,300
83,434,044
BENESSE
CALBEE
DAIHATSU MOTOR CO LTD
HIROSE ELECTRIC
HOYA CORP
ISUZU MOTORS LTD
KEYENCE CORP
MIRACA HOLDINGS INC
1,872,212
265,306
568,831
561,193
370,563
661,658
466,676
556,586
250,112
97.12
0.46
3.91
0.50
0.89
1.60
0.59
0.33
6.19
1.83
0.18
0.98
0.57
0.17
1.95
0.51
1.68
0.79
0.89
0.75
0.75
1.44
0.45
0.62
0.37
0.17
0.17
1.00
0.09
0.91
2.18
2.18
12.87
0.31
0.66
0.65
0.43
0.77
0.54
0.65
0.29
28,300
4,400
8,000
43,400
21,000
64,300
4,500
2,100
289,000
11,600
MITSUBISHI TANABE PHARMA CORP
ORACLE CORP JAPAN
ORIENTAL LAND
OTSUKA HOLDINGS CO LTD
PARK24
RAKUTEN
SHIMAMURA
SMC CORP
TOKYO GAS CO LTD
UNI-CHARM CORP
Jersey
60,673 WPP PLC
Netherlands
30,730 WOLTERS KLUWER CVA
1,386,707
1.61
1,386,707
878,435
878,435
Singapore
391,386
720,798
391,386
1.61
1.02
1.02
0.84
0.84
0.46
0.46
Sweden
1,139,631
1.33
Switzerland
5,455,082
6.35
136,683 TELIASONERA AB
37,800
17,500
3,200
8,800
15,400
41,800
1,300
6,300
17,000
9,500
13,100
2,200
6,900
0.46
0.19
1.34
1.46
0.46
1.11
0.49
0.62
1.67
0.77
720,798
7,400 AVAGO TECHNOLOGIE LTD
40,025
272,423
35,548
2,985
21,868
24,892
12,353
394,727
160,963
1,154,655
1,255,278
396,204
956,807
422,149
529,470
1,424,309
662,195
Norway
30,242 TELENOR
8,600
15,196
21,395
3,279
USD
% of NaV
84,439 TELSTRA CORPORATION LTD
99.65
Market Value
Australia
85,605,719
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
ACE LTD
NESTLE SA
NOVARTIS AG-NOM
SWISSCOM N
United Kingdom
BRITISH SKY BROADCASTING GRP
CENTRICA PLC
COMPASS GROUP PLC
NEXT PLC
RECKITT BENCKISER GROUP PLC
ROYAL DUTCH SHELL PLC-A
SHIRE
United States of America
ABBOTT LABORATORIES
ABBVIE INC
AKAMAI TECHNOLOGIES INC
AMGEN INC
ANALOG DEVICES INC
AT&T INC
AUTOZONE INC
CINTAS CORP
COLGATE PALMOLIVE CO
DEERE & CO
ELI LILLY & CO
HENRY SCHEIN INC
INTL BUSINESS MACHINES CORP
1,139,631
890,358
1,115,739
1,712,823
1,736,162
6,175,518
559,479
1,568,768
569,903
269,433
1,735,907
888,540
583,488
40,942,121
1,448,874
924,175
150,976
1,004,608
784,322
1,469,688
621,322
375,417
1,108,570
867,635
668,100
251,372
1,294,233
1.33
1.04
1.30
1.99
2.02
7.19
0.65
1.83
0.66
0.31
2.03
1.03
0.68
47.67
1.69
1.08
0.18
1.17
0.91
1.71
0.72
0.44
1.29
1.01
0.78
0.29
1.51
The accompanying notes form an integral part of these financial statements
57
Equity Global Minimum Variance
Securities Portfolio as at 31/12/13
% of NaV
USD
INTUIT
JM SMUCKER
JOHNSON & JOHNSON
KIMBERLY-CLARK CORP
LORILLARD INC
MASTERCARD
MC DONALD’S CORP
MCCORMICK NON VTG
MERCK AND CO INC
MICROSOFT CORP
M&T BANK CORPORATION
NORTHERN TRUST CORP
OREILLY AUTOMOTIVE INC
PEPSICO INC
PFIZER INC
REYNOLDS AMERICAN INC
SLM
STERICYCLE
THE HERSHEY CO
UNITED PARCEL SERVICE-B
US BANCORP
VERIZON COMMUNICATIONS INC
WAL-MART STORES INC
XILINX INC
3M
1,648,512
1,554,300
1,584,507
1,734,036
897,036
2,005,104
1,630,104
503,116
1,656,655
707,427
1,653,164
365,151
244,549
1,468,038
254,229
1,204,759
254,916
1,277,870
1,244,544
956,228
1,757,400
1,164,618
1,691,835
1,575,056
939,675
1.92
1.81
1.84
2.02
1.04
2.33
1.90
0.59
1.93
0.82
1.92
0.43
0.28
1.71
0.30
1.40
0.30
1.49
1.45
1.11
2.05
1.36
1.97
1.83
1.09
Share/Units in investment funds
2,171,675
2.53
Share/Units of UCITS/UCIS
France
96 AMUNDI TRESO DOLLAR
Total securities portfolio
The accompanying notes form an integral part of these financial statements
58
Market Value
Quantity
21,600
15,000
17,300
16,600
17,700
2,400
16,800
7,300
33,100
18,900
14,200
5,900
1,900
17,700
8,300
24,100
9,700
11,000
12,800
9,100
43,500
23,700
21,500
34,300
6,700
2,171,675
2,171,675
2,171,675
85,605,719
2.53
2.53
2.53
99.65
Equity World Anti-Benchmark
Securities Portfolio as at 31/12/13
Belgium
2,639 BELGACOM
Bermuda
137,500 YUE YUEN INDUSTRIAL HOLDINGS
11,400
1,100
3,500
6,600
18,600
11,500
5,200
17,900
3,500
200
8,500
7,000
10,000
900
7,800
3,800
2,300
9,300
5,300
1,800
12,300
Canada
AGNICO EAGLE MINES
AGRIUM INC
ALIMENTATION COUCHE TARD B
ATHABASCA OIL
BOMBARDIER INC B
CGI GROUP INC A
DOLLARAMA INC
ELDORADO GOLD CORP
EMPIRE CO LTD -A- NON VOTING
FAIRFAX FINANCIAL HOLDINGS LTD
FRANCO NEVADA
INTACT FINANCIAL CORP
LOBLAW COMPANIES
OPEN TEXT
PEYTO EXPLORATION & DEVELOPMENT CORP
ROGERS COMMUNICATIONS SHS B
SNC-LAVALIN GROUP A
TELUS
TOURMALINE OIL
VALEANT PHARMA
YAMANA GOLD
Cayman Islands
220,000 HKT LTD
Denmark
2,016 NOVO NORDISK B
Finland
2,314 ELISA OYJ
5,636 NOKIA OYJ
France
32,414 ALCATEL LUCENT
3,763 EUTELSAT COMMUNICATIONS
703 REMY COINTREAU
Germany
10,522 COMMERZBANK
6,385 FRESENIUS MEDICAL CARE AG & CO
22,114,047
99.85
182,384
0.82
22,114,047
182,384
56,752
56,752
333,316
333,316
3,397,473
218,259
73,008
190,963
29,212
58,568
279,164
313,303
73,725
173,512
57,937
251,334
331,675
289,471
60,066
173,203
124,768
75,077
232,238
161,818
153,216
76,956
157,727
157,727
268,607
268,607
77,369
44,567
32,802
233,769
105,605
85,288
42,876
1,243,871
123,213
330,296
99.85
0.82
0.26
0.26
1.50
1.50
15.34
0.99
0.33
0.86
0.13
0.26
1.26
1.42
0.33
0.78
0.26
1.13
1.51
1.31
0.27
0.78
0.56
0.34
1.05
0.73
0.69
0.35
0.71
0.71
1.21
1.21
0.35
0.20
0.15
1.06
0.48
0.39
0.19
5.62
0.56
1.49
1,607 FRESENIUS SE & CO KGAA
13,793 K+S AG
15,413 SUEDZUCKER
Hong Kong (China)
9,100 ASM PACIFIC TECH
2,123
5,006
1,451
25,728
Ireland
ACTAVIS
KERRY GROUP A
PERRIGO COMPANY PLC
RYANAIR HOLDINGS PLC
Italy
1,236,254 BANCA MONTE DEI PASCHI DI SIENA SPA
12,067 SAIPEM
Japan
4,300
1,900
3,300
8,100
28,000
9,300
9,700
19,900
18,100
10,900
3,400
22,500
12,000
11,900
3,000
4,800
57
2,200
2,300
8,500
10,700
12,300
31,200
71,700
ABC MART
AEON CREDIT SERVICE
BENESSE
CALBEE
CHIYODA
DENA CO LTD
FAMILYMART
GREE
GUNGHO ONLINE ENTERTAINMENT
HULIC CO LTD
KAKAKU.COM
KANSAI ELECTRIC POWER CO INC
KINDEN
NIKON CORP
NIPPON PAINT CO LTD
NITORI
NOMURA REAL ESTATE OFFICE FD
ORIENTAL LAND
OTSUKA
PARK24
RAKUTEN
SUMCO CORP
TOKYO ELECTRIC POWER
YAMADA DENKI
2,835
2,869
84,595
33,181
5,468
FUGRO NV CERTIFICAT-CVA
GEMALTO
KONINKLIJKE KPN NV
TNT EXPRESS NV
ZIGGO NV
Netherlands
Norway
8,570 AKER KVAERNER ASA
Sweden
14,079 ELEKTA AB B
EUR
% of NaV
33,800 BLACKBERRY
99.85
Market Value
Australia
22,114,047
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
179,341
308,618
302,403
0.81
1.39
1.37
55,276
0.25
55,276
834,035
0.25
3.77
258,837
252,803
161,595
160,800
1.17
1.14
0.73
0.73
216,838
187,763
0.98
0.85
404,601
1.83
3,608,191
16.29
955,996
4.32
136,426
36,995
96,268
142,896
295,023
142,040
321,816
142,762
94,606
117,031
43,360
187,824
91,142
165,071
36,229
330,430
192,454
230,437
212,961
116,382
115,548
78,813
111,375
170,302
122,798
229,549
198,206
223,905
181,538
111,125
111,125
156,460
156,460
0.62
0.17
0.43
0.65
1.33
0.64
1.45
0.64
0.43
0.53
0.20
0.85
0.41
0.75
0.16
1.48
0.87
1.04
0.96
0.53
0.52
0.36
0.50
0.77
0.55
1.05
0.89
1.01
0.82
0.50
0.50
0.71
0.71
The accompanying notes form an integral part of these financial statements
59
Equity World Anti-Benchmark
Securities Portfolio as at 31/12/13
664,036
3.00
United States of America
ACTIVISION BLIZZARD INC
ADVANCE AUTO PARTS
AMERICAN CAPITAL AGENCY
ANNALY CAPITAL MANAGEMENT
APPLE INC
AUTOZONE INC
BEST BUY CO INC
CENTURYTEL INC
CHARTER COMMUNICATION
CIGNA CORP
CITRIX SYSTEMS INC
CONSTELLATION BRANDS INC-A
DIGITAL REALTY TRUST
DISH NETWORK CORP
DOLLAR GENERAL
DOLLAR TREE INC
EDWARDS LIFESCIENCES
ELECTRONIC ARTS INC
EXELON CORP
EXPEDIA
EXPRESS SCRIPTS HLD
FACEBOOK A
FAMILY DOLLAR STORE
GAMESTOP A
GREEN MOUNTAIN COFFEE ROASTERS
HEWLETT PACKARD CO
HOLLYFRONTIER
HUMANA
INTUITIVE SURGICAL
JUNIPER NETWORKS
KOHL S CORP
MEAD JOHNSON NUTRITION
MONSTER BEVERAGE CORP
NETFLIX
NUANCE COMMUNICATIONS
QUEST DIAGNOSTICS INC
SAFEWAY INC
SEARS HOLDINGS
TESLA MOTOR INC
T-MOBILE US INC
TRANSDIGM
TRIPADVISOR
ULTA SALON COSMET.
UNITEDHEALTH GROUP
The accompanying notes form an integral part of these financial statements
297,083
326,727
40,226
9,117,326
31,469
104,499
52,538
201,411
126,234
128,334
164,735
285,181
259,337
28,822
75,416
237,401
85,375
300,077
328,314
29,439
325,471
30,233
243,021
61,220
157,714
284,972
117,686
284,381
210,677
313,842
336,988
321,657
309,394
71,119
322,515
186,127
375,699
170,198
48,580
59,020
285,790
162,144
208,008
400,864
58,895
232,690
205,725
36,832
0.45
0.70
1.34
1.48
0.18
41.16
0.14
0.47
0.24
0.91
0.57
0.58
0.74
1.29
1.17
0.13
0.34
1.07
0.39
1.35
1.48
0.13
1.47
0.14
1.10
0.28
0.71
1.29
0.53
1.28
0.95
1.42
1.51
1.45
1.40
0.32
1.46
0.84
1.69
0.77
0.22
0.27
1.29
0.73
0.94
1.80
0.27
1.05
0.93
0.17
VANTIV INC
VERISIGN
VERTEX PHARMACEUTICALS INC
WESTERN UNION CO
WORKDAY INC
Total securities portfolio
EUR
67,897
331,926
170,120
241,171
46,168
22,114,047
% of NaV
United Kingdom
100,351
155,382
2,869
7,651
3,155
19,265
765
Market Value
1.15
Quantity
% of NaV
255,733
14,463 AGGREKO
103,557 G4S SHS
7,411 ICAP PLC
60
Market Value
Quantity
Switzerland
110 BARRY CALLEBAUT N
7,337 COCA COLA HBC
2,432
1,301
3,753
27,837
310
370
5,692
12,338
2,613
454
1,643
4,648
2,395
7,139
7,500
719
6,820
1,816
12,226
1,211
3,094
7,184
2,496
7,955
3,841
15,456
9,345
4,294
1,110
4,342
7,831
3,062
7,639
637
4,404
1,519
12,091
4,556
1,906
16,420
504
3,871
2,937
674
EUR
0.31
1.50
0.77
1.09
0.21
99.85
Convertible Europe
Securities Portfolio as at 31/12/13
Bonds
Luxembourg
300,000 ARCELORMITTAL 6% 15/01/2016 PFD
Bonds
Belgium
1,000,000 UCB 4.125% 04/01/2021
Cayman Islands
5,600,000 SIEM INDUSTRIES INC 1.00% 12/09/2019 CV
Germany
850,000 SALZGITTER AG 1.125% 06/10/2016 CV
United Kingdom
3,400,000 TUI TRAVEL PLC 6.00% 05/10/2014 CV
Convertible bonds
Austria
849,322 IMMOFINANZ IMMOBILIE 4.25% 08/03/2018 CV
DIRTY
Belgium
2,200,000 BRUXELLES LAMBERT (GROUPE) 0.125%
21/09/2015 CV
7,059 COFINIMMO SA 2.00% 20/06/2018 CV DIRTY
11,500,000 FORTIS BANK SA NV FRN PERPETUAL CV
2,400,000 SAGERPAR 0.375% 09/10/2018 CV
4,300,000 UCB 4.50% 22/10/2015 CV
Cyprus
1,800,000 HOLDGROVE LIMITED 1.00% 24/09/2017 CV
Finland
2,600,000 NOKIA OYJ 5.00% 26/10/2017 CV
4,500,000 SOLIDIUM OY 0.50% 29/09/2015 CV
498,207
565,000
363,000
100,000
25,000
400,000
1,700,000
14,200
100,000
237,812
France
AIR FRANCE - KLM 2.03% 15/02/2023 CV DIRTY
AIR FRANCE - KLM 4.97% 01/04/2015 CV DIRTY
ALCATEL-LUCENT 4.25% 01/07/2018 CV DIRTY
ARTEMIS CONSEIL SA 4.25% 01/01/2015 CV
AXA SA 3.75% 01/01/2017 CV DIRTY
BNP PARIBAS 0.25% 21/09/2015 CV
BNP PARIBAS 0.25% 27/09/2016 CV
CAP GEMINI 0% 01/01/2019 CV
CGG ACT 1.25% 01/01/2019 CV DIRTY
CGG ACT 1.75% 01/01/2016 CV
363,030,308
90.48
1,006,400
0.25
6,571,188
1,006,400
5,564,788
5,564,788
10,892,233
1,027,240
1,027,240
4,082,581
4,082,581
848,122
848,122
4,934,290
4,934,290
345,566,887
4,052,844
4,052,844
1.64
0.25
1.39
1.39
2.71
0.26
0.26
1.02
1.02
0.21
0.21
1.22
1.22
86.13
1.01
1.01
19,646,353
4.90
772,347
7,806,200
2,459,904
5,973,732
0.19
1.95
0.61
1.49
2,634,170
1,309,985
1,309,985
10,937,547
6,156,072
4,781,475
95,245,244
5,410,901
6,982,696
1,356,304
5,616,572
6,887,994
427,880
1,819,918
1,027,114
2,862,822
6,531,289
0.66
0.33
0.33
2.73
1.54
1.19
23.73
1.35
1.74
0.34
1.40
1.72
0.11
0.45
0.26
0.71
1.63
41,414 CREDIT AGRICOLE SA 0% 06/12/2016 CV DIRTY
56,000 ETABLISSEMENT MAUREL ET PROM 7.125%
31/07/2014 CV DIRTY
30,000 FAURECIA 3.25% 01/01/2018 CV
5,102 FONCIERE DES REGIONS 0.875% 01/04/2019 CV
DIRTY
107,098 FONCIERE DES REGIONS 3.34% 01/01/2017 CV
13,700 MICHELIN (CIE GENERALE ETS) 0% 01/01/2017 CV
28,637 MISARTE 3.25% 01/01/2016 CV
11,540 NEXANS 2.50% 01/01/2019 CV DIRTY
22,700 ORPEA 1.75% 01/01/2020 CV DIRTY
520,000 PEUGEOT SA 4.45% 01/01/2016 CV
45,000 RALLYE 1.00% 02/10/2020 CV DIRTY
6,074 TECHNIP 0.25% 01/01/2017 CV
146,082 TECHNIP 0.50% 01/01/2016 CV
Germany
3,200,000 DEUTSCHE WOHNEN AG 0.50% 22/11/2020 CV
3,200,000 DIALOG SEMICONDUCTOR 1.00% 12/04/2017 CV
200,000 SGL CARBON SE 3.50% 30/06/2016 CV
Hungary
3,000,000 MNV MAGYAR NEMZETIN VAGYONKEZ 3.375%
02/04/2019 CV
1,000,000
1,700,000
3,600,000
13,700,000
600,000
1,100,000
Italy
BENI STABILI SPA 2.625% 17/04/2019 CV
BUZZI UNICEM 1.375% 17/07/2019 CV
ENI SPA 0.25% 30/11/2015 CV
ENI SPA 0.625% 18/01/2016 CV
PRYSMIAN SPA 1.25% 08/03/2018 CV
SCHEMATRENTAQUATTRO SPA 0.25% 29/11/2016
CV
Jersey
400,000 BALFOUR BEATTY FINANCE 2 LTD 1.875%
03/12/2018 CV
1,800,000 DERWENT LDN PLC 1.125% 24/07/2019 CV
400,000 DERWENT LDN PLC 2.75% 15/07/2016 CV
2,100,000 GABRIEL FINANCE LIMITED 2.00% 26/11/2016 CV
1,800,000 INTU PROPERTIES PLC 2.50% 04/10/2018 CV
2,200,000
7,000,000
600,000
5,500,000
5,800,000
14,800,000
5,800,000
8,500,000
1,600,000
1,700,000
Luxembourg
APERAM SA 2.625% 30/09/2020 CV
ARCELORMITTAL SA 5.00% 15/05/2014 CV
ARCELORMITTAL SA 7.25% 01/04/2014 CV DIRTY
BNP PARIBAS FORTIS FUNDING FRN PERPETUAL
CV
GBL VERWALTUNG SA 1.25% 07/02/2017 CV
GLENCORE FINANCE (EUROPE) SA 5.00%
31/12/2014 CV
QIAGEN EURO FINANCE(LUXEMBOURG) 3.25%
16/05/2026 CV
SUBSEA 7 INC 3.50% 13/10/2014 CV
SUBSEA 7 SA 1.00% 05/10/2017 CV
TELECOM ITALIA FINANCE SA 6.125% 15/11/2016 CV
EUR
% of NaV
80,000 CGG ACT
95.45
Market Value
France
382,985,384
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
2,896,785
920,421
0.72
0.23
9,819,273
1,883,832
5,018,061
838,814
1,163,199
13,574,926
4,917,542
621,268
13,271,957
2.45
0.47
1.25
0.21
0.29
3.37
1.23
0.15
3.30
967,399
428,277
5,868,838
3,180,672
2,464,438
223,728
3,110,160
0.24
0.11
1.46
0.79
0.61
0.06
0.78
3,110,160
0.78
22,909,675
5.71
7,615,613
1.90
2,166,728
586,558
2,105,502
2,259,628
0.54
0.15
0.52
0.57
972,620
1,865,274
3,724,884
14,479,119
677,688
1,190,090
497,197
0.24
0.46
0.93
3.61
0.17
0.30
0.12
56,899,896
14.18
6,276,122
12,051,804
1.56
3.00
1,807,881
5,151,130
12,325,782
3,168,550
5,358,165
7,781,360
1,188,084
1,791,018
0.45
1.28
3.07
0.79
1.34
1.94
0.30
0.45
The accompanying notes form an integral part of these financial statements
61
Convertible Europe
Securities Portfolio as at 31/12/13
0.46
0.89
5.34
0.43
Portugal
9,389,675
2.34
Spain
ABENGOA SA 4.50% 03/02/2017 CV
ABENGOA SA 6.25% 17/01/2019 CV
CAIXABANK SA 4.50% 22/11/2016 CV
CAJA DE AHORROS BARCELONA 1.00% 25/11/2017
CV
INDRA SISTEMAS SA 1.75% 17/10/2018 CV
INTL CONSOLIDATED AIRLINES GROUP 1.75%
31/05/2018 CV
MELIA HOTELS INTERNATIONAL SA 4.50%
04/04/2018 CV
NH HOTELES SA 4.00% 08/11/2018 CV
Sweden
Switzerland
2,330,000 SWISS LIFE HOLDING 0% 02/12/2020 CV
1,255,291
3,583,260
5,806,415
24,463,372
2,424,264
4,408,876
2,243,362
5,742,220
858,408
6,109,536
1,233,108
1,443,598
2,165,188
2,165,188
1,981,593
1,981,593
United Arab Emirates
13,526,214
United Kingdom
10,333,427
11,400,000 AABAR INVESTMENTS P.J.S.C 4.00% 27/05/2016 CV
700,000 BRITISH LAND CO.(JERSEY) LTD 1.50% 10/09/2017
CV
500,000 GREAT PORTLAND ESTAT 1.00% 10/09/2018 CV
300,000 INMARSAT PLC 1.75% 16/11/2017 CV
2,500,000 J SAINSBURY PLC 4.25% 16/07/2014 CV
700,000 PENNON GROUP PLC 4.625% 20/08/2014 CV
2,900,000 TUI TRAVEL PLC 4.90% 27/04/2017 CV
The accompanying notes form an integral part of these financial statements
13,526,214
930,335
634,153
296,634
3,135,968
952,353
4,383,984
0.31
0.89
1.45
France
430 CAP GEMINI SA - 44.00 - 21.03.14 CALL
220 KERING - 180.00 - 21.03.14 CALL
470 TECHNIP SA - 66.00 - 20.06.14 CALL
1,140
2,733
790
205
4,350
Germany
ADIDAS NOM - 88.00 - 21.03.14 CALL
DEUTSCHE POST AG-NOM - 22.00 - 21.03.14 CALL
DEUTSCHE POST AG-NOM - 24.00 - 21.03.14 CALL
EURO STOXX 50 EUR - 3,000 - 21.03.14 PUT
NOKIA OYJ - 5.00 - 21.03.14 PUT
United Kingdom
135 SHIRE - 2,800.00 - 21.03.14 CALL
185 WPP PLC - 1,300.00 - 21.03.14 CALL
6.10 Short positions
0.60
1.10 Derivative instruments
0.56
Options
1.43
France
0.21
1.53
0.31
0.36
-430 CAP GEMINI SA - 48.00 - 21.03.14 CALL
-470 TECHNIP SA - 52.00 - 20.06.14 PUT
Germany
-2,700 DEUTSCHE POST AG-NOM - 28.00 - 21.03.14 CALL
-205 EURO STOXX 50 EUR - 2,750 - 21.03.14 PUT
0.54 Total securities portfolio
0.54
0.49
0.49
3.37
3.37
2.58
0.23
0.16
0.07
0.78
0.24
1.10
EUR
% of NaV
1,740,648
France
1.25
75 AMUNDI TRESO EONIA ISR I C
0.52
Derivative instruments
1.27
2.16
Options
0.31
1,700,000 INDUSTRIVARDEN AB 2.50% 27/02/2015 CV
62
21,436,373
Share/Units in investment funds
Market Value
1,300,000
1,826,592
3,577,902
Quantity
900,000
5,014,669
2,100,602
5,098,817
8,657,080
0.87
0.48
1,255,291
3,400,000 AMORIM ENERGIA BV 3.375% 03/06/2018 CV
5,300,000 PARPUBLICA - PARTICIPACOES PUB 5.25%
28/09/2017 CV
800,000
4,600,000
3,492,687
1,910,602
13.67 Share/Units of UCITS/UCIS
Norway
1,200,000 ALGETA ASA 3.375% 12/09/2018 CV
2,400,000
4,300,000
2,200,000
5,500,000
54,855,972
% of NaV
3,300,000 ACS ACTIVIDADES FINANCE 2.625% 22/10/2018 CV
1,900,000 AMPLITER NV AMSTERDAM BRANCH 2.875%
14/11/2018 CV
4,100,000 CELESIO FINANCE BV 2.50% 07/04/2018 CV
1,900,000 CELESIO FINANCE BV 3.75% 29/10/2014 CV
6,500,000 LUKOIL INTL FINANCE BV 2.625% 16/06/2015 CV
8,500,000 PORTUGAL TELECOM INTL FINANCE BV 4.125%
28/08/2014 CV
1,600,000 SALZGITTER FINANCE B.V 2.00% 08/11/2017 CV
4,250,000 SIEMENS FINANCIERINGSMAATSCHAP 1.05%
16/08/2017 CV
25,000,000 SIEMENS FINANCIERINGSMAATSCHAP 1.65%
16/08/2019 CV
1,400,000 VOLKSWAGEN INTERNATIONAL FINANCE NV 5.50%
09/11/2015 CV
Market Value
Quantity
Netherlands
EUR
16,390,237
4.08
16,390,237
4.08
16,390,237
16,390,237
4.08
4.08
3,564,839
0.89
619,010
0.15
3,564,839
0.89
252,840
13,200
352,970
0.06
0.00
0.09
737,580
1,259,913
223,570
108,240
56,550
0.18
0.32
0.06
0.03
0.01
2,385,853
559,976
0.60
0.14
313,161
246,815
-344,625
0.08
0.06
-0.09
-344,625
-0.09
-165,580
-0.04
-344,625
-0.09
-129,860
-35,720
-0.03
-0.01
-148,500
-30,545
-0.04
-0.01
-179,045
382,640,759
-0.05
95.36
Convertible Global
Securities Portfolio as at 31/12/13
93.95
629,000
0.36
6,998,237
629,000
Japan
2,076,936
Luxembourg
2,338,139
71,700 AEON CO LTD
30,700 KDDI CORP
126,050 ARCELORMITTAL 6% 15/01/2016 PFD
United States of America
45,000 JK LAKSHMI CEMENT GDR 17/11/2015
21,228 STANLEY BLACK 4.75% PREFERED 17/11/2015
Bonds
Cayman Islands
2,600,000 SIEM INDUSTRIES INC 1.00% 12/09/2019 CV
United Kingdom
500,000 TUI TRAVEL PLC 6.00% 05/10/2014 CV
United States of America
2,725,000 WELLPOINT INC 2.75% 15/10/2042 CV
Convertible bonds
Australia
1,126,000 CFS RETAIL PROPERTY TRUST GROUP 5.75%
04/07/2016 CV
Belgium
1,000,000 BRUXELLES LAMBERT (GROUPE) 0.125%
21/09/2015 CV
3,882 COFINIMMO SA 2.00% 20/06/2018 CV DIRTY
1,150,000 UCB 4.50% 22/10/2015 CV
British Virgin Islands
3,100,000 BILLION EXPRESS INVESTMENTS 0.75% 18/10/2015
CV
8,000,000 LOGO STAR 1.50% 22/11/2018 CV
800,000 NEWFORD CAPITAL LTD 0% 12/05/2016 CV
1,850,000 PB ISSUER N 2 LTD 1.75% 12/04/2016 CV
5,940,000 POWER REGAL GROUP LIMITED 2.25% 02/06/2014
CV
1,235,000
1,250,000
4,000,000
14,000,000
588,000
406,000
164,806,235
Cayman Islands
CTRIP.COM INTERNATIO 1.25% 15/10/2018 CV
ENN ENERGY HOLDINGS LTD 0% 26/02/2018 CV
FUFENG GROUP LTD 3.00% 27/11/2018 CV
HENGAN INTERNATIONAL 0% 27/06/2018 CV
SINA CORPORATION 1.00% 01/12/2018 CV
SOUFUN HOLDINGS LTD 2.00% 15/12/2018 CV
705,468
1,371,468
2,338,139
1,954,162
41,878
1,912,284
5,304,012
1,895,484
1,895,484
725,631
725,631
2,682,897
2,682,897
3.99
0.36
1.18
0.40
0.78
1.34
1.34
1.11
0.02
1.09
3.02
1.08
1.08
0.41
0.41
1.53
1.53
152,503,986
86.94
772,877
0.44
772,877
0.44
3,219,718
1.84
424,742
1,597,626
0.24
0.92
1,197,350
6,084,940
2,316,491
750,799
600,956
1,434,487
982,207
7,022,983
888,910
1,168,121
485,773
1,394,995
430,984
304,901
0.68
3.47
1.32
0.43
0.34
0.82
0.56
4.00
0.51
0.67
0.28
0.79
0.25
0.17
1,250,000 TPK HOLDING CO LTD 0% 01/10/2017 CV
2,100,000 TPK HOLDING CO LTD 0% 20/04/2014 CV
105,348
7,200
19,192
28,393
2,376
8,290
10,558
2,300
6,400
23,600
15,079
18,579
France
AIR FRANCE - KLM 2.03% 15/02/2023 CV DIRTY
CAP GEMINI 0% 01/01/2019 CV
CREDIT AGRICOLE SA 0% 06/12/2016 CV DIRTY
ETABLISSEMENT MAUREL ET PROM 7.125%
31/07/2014 CV DIRTY
FONCIERE DES REGIONS 0.875% 01/04/2019 CV
DIRTY
FONCIERE DES REGIONS 3.34% 01/01/2017 CV
INGENICO 2.75% 01/01/2017 CV DIRTY
MICHELIN (CIE GENERALE ETS) 0% 01/01/2017 CV
ORPEA 1.75% 01/01/2020 CV DIRTY
PEUGEOT SA 4.45% 01/01/2016 CV
RALLYE 1.00% 02/10/2020 CV DIRTY
TECHNIP 0.50% 01/01/2016 CV
Germany
1,600,000 DEUTSCHE WOHNEN AG 0.50% 22/11/2020 CV
1,200,000 DIALOG SEMICONDUCTOR 1.00% 12/04/2017 CV
Hungary
1,500,000 MNV MAGYAR NEMZETIN VAGYONKEZ 3.375%
02/04/2019 CV
500,000
900,000
1,600,000
200,000
600,000
Italy
BENI STABILI SPA 2.625% 17/04/2019 CV
BUZZI UNICEM 1.375% 17/07/2019 CV
ENI SPA 0.625% 18/01/2016 CV
PRYSMIAN SPA 1.25% 08/03/2018 CV
SCHEMATRENTAQUATTRO SPA 0.25% 29/11/2016
CV
Japan
100,000,000 ABC-MART INC 0% 05/02/2018 CV
160,000,000 FUKUYAMA TRANSPORTING CO LTD 0% 22/03/2017
CV
80,000,000 KAWASAKI KISEN KAISH 0% 26/09/2018 CV
210,000,000 NIDEC CORP 0% 18/09/2015 CV
150,000,000 OSG CORP 0% 04/04/2022 CV
140,000,000 PARK24 CO LTD 0% 26/04/2018 CV
1,600,000 SHIZUOKA BANK LTD 0% 25/04/2018 CV
210,000,000 SUMITOMO FORESTRY 0% 24/08/2018 CV
160,000,000 TAKASHIMAYA CO 0% 11/12/2018 CV
70,000,000 TAKASHIMAYA CO 0% 11/12/2020 CV
120,000,000 TOPPAN PRINTING CO LTD 0% 19/12/2016 CV
2,000,000 YAMAGUCHI FINANCIAL GROUP INC 0% 20/12/2018
CV
Jersey
900,000 DERWENT LDN PLC 1.125% 24/07/2019 CV
1,000,000 GABRIEL FINANCE LIMITED 2.00% 26/11/2016 CV
400,000 INTU PROPERTIES PLC 2.50% 04/10/2018 CV
EUR
% of NaV
50,000 CGG ACT
96.87
Market Value
France
169,936,871
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
839,698
1,509,601
0.48
0.85
1,144,158
520,790
1,342,423
466,670
0.65
0.30
0.77
0.27
9,671,424
199,448
5.51
0.11
760,068
641,791
316,264
327,950
616,093
1,647,814
1,687,955
0.43
0.37
0.18
0.19
0.35
0.94
0.95
1,590,336
924,164
0.90
0.53
2,514,500
1,555,080
1,555,080
1.43
0.89
0.89
4,039,836
2.30
13,497,719
7.70
610,528
1,652,644
1,319,048
1,010,705
1,237,874
1,497,396
1,164,857
519,528
870,511
1,512,130
0.35
0.95
0.75
0.58
0.71
0.85
0.66
0.30
0.50
0.86
486,310
987,498
1,690,992
225,896
649,140
797,780
1,304,718
2,588,124
1,083,365
1,002,620
502,139
0.28
0.56
0.96
0.13
0.37
0.45
0.74
1.48
0.62
0.57
0.29
The accompanying notes form an integral part of these financial statements
63
Convertible Global
Securities Portfolio as at 31/12/13
1,500,000 ACS ACTIVIDADES FINANCE 2.625% 22/10/2018 CV
3,100,000 LUKOIL INTL FINANCE BV 2.625% 16/06/2015 CV
1,250,000 SIEMENS FINANCIERINGSMAATSCHAP 1.05%
16/08/2017 CV
7,000,000 SIEMENS FINANCIERINGSMAATSCHAP 1.65%
16/08/2019 CV
600,000 VOLKSWAGEN INTERNATIONAL FINANCE NV 5.50%
09/11/2015 CV
800,000 YANDEX NV 1.125% 15/12/2018 CV
1,098,316
1,098,316
745,992
636,110
418,430
421,560
2,773,385
South Korea
3,075,983
ABENGOA SA 4.50% 03/02/2017 CV
ABENGOA SA 6.25% 17/01/2019 CV
CAIXABANK SA 4.50% 22/11/2016 CV
CAJA DE AHORROS BARCELONA 1.00% 25/11/2017
CV
400,000 INDRA SISTEMAS SA 1.75% 17/10/2018 CV
400,000 INTL CONSOLIDATED AIRLINES GROUP 1.75%
31/05/2018 CV
Sweden
1,150,000 INDUSTRIVARDEN AB 2.50% 27/02/2015 CV
The accompanying notes form an integral part of these financial statements
0.63
3.42
Singapore
Spain
0.63
6,002,184
1,587,585
2,431,744
1,052,324
421,560
2,600,000,000 LOTTE SHOPPING CO LTD 0% 24/01/2018 CV
1,000,000 SK TELECOM CO LTD 1.75% 07/04/2014 CV
0.37
0.42
0.48
7.10
Portugal
2,250,000 CAPITALAND LTD 1.85% 19/06/2020 CV
2,500,000 RUBY ASSETS PTE LTD 1.60% 01/02/2017 CV
1.00
12,455,939
418,430
400,000 AMORIM ENERGIA BV 3.375% 03/06/2018 CV
64
640,818
742,552
842,832
Norway
400,000 ALGETA ASA 3.375% 12/09/2018 CV
850,000
1,400,000
1,000,000
2,700,000
1,755,261
1.11
2.79
1,181,075
1,592,310
1,945,093
1,130,890
7,093,128
858,594
1,435,448
1,019,710
2,818,908
429,204
531,264
1,464,686
1,464,686
0.90
1.39
0.60
0.43
0.36
0.24
0.24
0.24
0.24
1.58
0.67
0.91
1.75
1.11
0.64
4.04
0.49
0.82
0.58
1.61
999,301
0.57
Taiwan
2,885,388
1.64
United Kingdom
2,215,118
1,175,000 SWISS LIFE HOLDING 0% 02/12/2020 CV
1,000,000 ADVANCD SEMICONDUCT 0% 05/09/2018 CV
1,000,000 EPISTAR CORP 0% 07/08/2018 CV
1,600,000 PEGATRON CORPORATION 0% 06/02/2017 CV
850,000 J SAINSBURY PLC 4.25% 16/07/2014 CV
400,000 PENNON GROUP PLC 4.625% 20/08/2014 CV
400,000 TUI TRAVEL PLC 4.90% 27/04/2017 CV
United States of America
985,000 BIOMARIN PHARMACEUTICAL INC 0.75% 15/10/2018
CV
460,000 CONCUR TECHNOLOGIES INC 0.50% 15/06/2018 CV
886,000 DANAHER CORP 0% 22/01/2021 CV
3,070,000 ELECTRONIC ARTS INC 0.75% 15/07/2016 CV
4,177,000 GILEAD SCIENCES INC 1.00% 01/05/2014 CV
760,000 HEALTH CARE REIT INC 3.00% 01/12/2029 CV
890,000 HOST MARRIOTT L P 2.50% 15/10/2029 CV
5,190,000 INTEL CORP 2.95% 15/12/2035 CV
2,050,000 JARDEN CORP 1.50% 15/06/2019 CV
1,486,000 JDS UNIPHASE CORP 0.625% 15/08/2033 CV
3,265,000 LAM RESEARCH CORP 0.50% 15/05/2016 CV
2,300,000 LIBERTY INTERACTIVE CORP 1.00% 30/09/2043 CV
1,290,000 NETSUITE 0.25% 01/06/2018 CV
4,228,000 NUANCE COMMUNICATIONS INC 2.75% 01/11/2031
CV
800,000 NVIDIA CORP 1.00% 01/12/2018 CV
1,550,000 OMNICOM GROUP INC 0% 31/07/2032 CV
1,000,000 PRICELINE COM INC 0.35% 15/06/2020 CV
1,621,000 PRICELINE COM INC 1.00% 15/03/2018 CV
480,000 PROLOGIS 3.25% 15/03/2015 CV
1,100,000 SALESFORCE COM INC 0.25% 01/04/2018 CV
776,000 SANDISK CORP 0.50% 15/10/2020 CV
512,000 SERVICENOW INC. 0% 01/11/2018 CV
2,085,000 SHUTTERFLY INC 0.25% 15/05/2018 CV
2,068,000 STANDARD PACIFIC CORP 1.25% 01/08/2032 CV
1,640,000 TIBCO SOFTWARE INC 2.25% 01/05/2032 CV
2,940,000 TOLL BROTHERS FINANCE CORP 0.50% 15/09/2032
CV
670,000 UNITED STATES STEEL 2.75% 01/04/2019 CV
850,000 VOLCANO CORP 1.75% 01/12/2017 CV
1,200,000 WEBMD HEALTH CORP 1.50% 01/12/2020 CV
2,135,000 XILINX INC 2.625% 15/06/2017 CV
1,020,000 YAHOO INC 0% 01/12/2018 CV
0.24
0.30 Share/Units of UCITS/UCIS
0.83
0.83
EUR
% of NaV
Netherlands
1,947,762
4,885,867
1.01
1.17
0.33
Switzerland
Market Value
1,600,000 GOLDEN AGRI-RESOURCES LTD 2.50% 04/10/2017
CV
1,766,102
2,054,297
576,100
8.68
Quantity
Mauritius
15,211,591
% of NaV
2,400,000 ARCELORMITTAL SA 5.00% 15/05/2014 CV
100,000 ARCELORMITTAL SA 7.25% 01/04/2014 CV DIRTY
1,000,000 BNP PARIBAS FORTIS FUNDING FRN PERPETUAL
CV
1,800,000 GBL VERWALTUNG SA 1.25% 07/02/2017 CV
6,000,000 GLENCORE FINANCE (EUROPE) SA 5.00%
31/12/2014 CV
1,900,000 QIAGEN EURO FINANCE(LUXEMBOURG) 3.25%
16/05/2026 CV
700,000 SUBSEA 7 INC 3.50% 13/10/2014 CV
1,000,000 SUBSEA 7 SA 1.00% 05/10/2017 CV
800,000 TELECOM ITALIA FINANCE SA 6.125% 15/11/2016 CV
Market Value
Quantity
Luxembourg
EUR
Share/Units in investment funds
France
15,175 AMUNDI TRESO COURT TERM PART PC
9 AMUNDI TRESO EONIA C
999,301
775,993
798,461
1,310,934
1,066,228
544,202
604,688
0.57
0.44
0.46
0.74
1.26
0.61
0.31
0.34
51,423,960
29.32
389,358
1,440,027
2,374,435
10,090,338
616,196
973,778
4,211,811
1,820,118
1,081,789
2,698,260
1,764,972
1,035,576
2,996,558
0.22
0.82
1.35
5.74
0.35
0.56
2.40
1.04
0.62
1.54
1.01
0.59
1.71
763,002
594,442
1,525,259
825,973
1,630,964
392,850
868,437
559,202
376,780
1,624,626
1,993,937
1,192,042
2,219,695
646,812
610,770
858,340
2,479,835
767,778
3,427,129
3,427,129
3,427,129
1,520,778
1,906,351
0.43
0.34
0.87
0.47
0.93
0.22
0.50
0.32
0.21
0.93
1.14
0.68
1.27
0.37
0.35
0.49
1.41
0.44
1.95
1.95
1.95
0.87
1.08
Convertible Global
Securities Portfolio as at 31/12/13
% of NaV
Market Value
Quantity
EUR
Derivative instruments
1,703,507
0.97
France
284,945
0.16
Options
210 CAP GEMINI SA - 44.00 - 21.03.14 CALL
215 TECHNIP SA - 66.00 - 20.06.14 CALL
Germany
648 DEUTSCHE POST AG-NOM - 22.00 - 21.03.14 CALL
1,600 DEUTSCHE POST AG-NOM - 24.00 - 21.03.14 CALL
Japan
286 KDDI CORP - 5,500.00 - 13.03.14 PUT
3,130 ORIX CORP - 1,800.00 - 13.03.14 CALL
United Kingdom
65 SHIRE - 2,800.00 - 21.03.14 CALL
110 WPP PLC - 1,300.00 - 21.03.14 CALL
170
355
350
750
53
256
355
United States of America
DANAHER CORP - 65.00 - 22.03.14 PUT
GILEAD SCIENCES INC - 50.00 - 18.01.14 PUT
GILEAD SCIENCES INC - 55.00 - 18.01.14 PUT
GOLDCORP - 29.00 - 18.01.14 CALL
PIONEER NATURAL RE - 195.00 - 22.03.14 CALL
WELLPOINT INC - 75.00 - 22.03.14 PUT
XILINX INC - 41.00 - 22.03.14 PUT
1,703,507
123,480
161,465
751,528
298,728
452,800
306,327
17,812
288,515
297,536
150,781
146,755
63,171
0.97
0.07
0.09
0.43
0.17
0.26
0.17
0.01
0.16
0.17
0.09
0.08
0.04
Short positions
3,701
515
1,270
544
32,310
10,404
14,427
-489,001
0.00
0.00
0.00
0.00
0.02
0.01
0.01
-0.28
Derivative instruments
-489,001
-0.28
France
-79,760
-0.05
Options
-210 CAP GEMINI SA - 48.00 - 21.03.14 CALL
-215 TECHNIP SA - 52.00 - 20.06.14 PUT
Germany
-1,500 DEUTSCHE POST AG-NOM - 28.00 - 21.03.14 CALL
Japan
-294 KDDI CORP - 4,400.00 - 13.03.14 PUT
-181
-153
-355
-750
United States of America
DANAHER CORP - 80.00 - 22.03.14 CALL
GILEAD SCIENCES INC - 60.00 - 18.01.14 CALL
GILEAD SCIENCES INC - 70.00 - 18.01.14 CALL
GOLDCORP - 35.00 - 18.01.14 CALL
Total securities portfolio
-489,001
-63,420
-16,340
-82,500
-82,500
-974
-974
-0.28
-0.04
-0.01
-0.05
-0.05
0.00
0.00
-325,767
-0.18
169,447,870
96.59
-16,419
-167,108
-141,696
-544
-0.01
-0.09
-0.08
0.00
The accompanying notes form an integral part of these financial statements
65
Bond Euro Aggregate
Securities Portfolio as at 31/12/13
Austria
500,000 OMV AG 2.625% 27/09/2022
1,000,000 VIENNA INSURANCE GROUP VAR 09/10/2043
822,696
212,906
1,554,275
502,975
1,051,300
197,582
700,000 HUTCHISON WHAMPOA VAR PERPETUAL
Denmark
450,000 CARLSBERG BREWERIES A/S 2.625% 03/07/2019
600,000 DONG ENERGY AS VAR 08/07/3013
France
ALD INTERNATIONAL 2.00% 26/05/2017
ALSTOM SA 3.00% 08/07/2019
AXA SA VAR 16/04/2040
BANQUE FEDERATIVE DU CREDIT MUTUEL 2.625%
24/02/2021
BANQUE FEDERATIVE DU CREDIT MUTUEL 4.00%
22/10/2020
BANQUE PSA FINANCE 6.00% 16/07/2014
BNP PARIBAS 2.875% 24/10/2022
BNP PARIBAS 2.875% 26/09/2023
BNP PARIBAS 5.431% PERPETUAL
BPCE SA 4.625% 18/07/2023
CADES 3.375% 25/04/2021
COMPAGNIE DE ST-GOBAIN SA 3.625% 28/03/2022
CREDIT AGRICOLE SA VAR 19/09/2033
CREDIT AGRICOLE SA 5.971% 01/02/2018
EDF ELECTRICITE DE FRANCE VAR PERPETUAL
EDF ELECTRICITE DE FRANCE 2.25% 27/04/2021
EDF ELECTRICITE DE FRANCE 3.875% 18/01/2022
EDF ELECTRICITE DE FRANCE 4.50% 12/11/2040
EUTELSAT 2.625% 13/01/2020
GALERIES LAFAYETTE SA 4.50% 28/04/2017
GDF SUEZ VAR PERPETUAL
ICADE 2.25% 30/01/2019
The accompanying notes form an integral part of these financial statements
66
0.20
0.41
Canada
Cayman Islands
800,000
600,000
300,000
400,000
300,000
1,000,000
100,000
900,000
650,000
1,000,000
500,000
100,000
100,000
300,000
350,000
1,100,000
300,000
401,460
849,240
20,245,728
200,000 TOTAL CAPITAL CANADA LTD 1.875% 08/07/2020
500,000
96.51
2,286,302
Belgium
17,300,000 BELGIUM 4.25% 28/09/2022
400,000 EANDIS 2.875% 09/10/2023
600,000
400,000
400,000
500,000
195,486,624
19,846,560
399,168
197,582
680,575
680,575
1,089,179
458,429
630,750
16,457,321
596,889
407,196
428,140
505,605
530,505
818,712
613,434
304,002
452,144
315,834
1,099,400
104,762
723,069
745,290
1,034,280
496,345
109,398
110,504
297,570
373,804
1,138,313
300,834
1.13
0.41
0.11
0.77
0.25
0.52
9.99
9.79
0.20
0.10
0.10
0.34
0.34
0.54
0.23
0.31
8.12
0.29
0.20
0.21
0.25
0.26
0.40
0.30
0.15
0.22
0.16
0.55
0.05
0.36
0.37
0.52
0.25
0.05
0.05
0.15
0.18
0.57
0.15
600,000
300,000
400,000
500,000
350,000
500,000
250,000
200,000
1,000,000
650,000
750,000
2,000,000
100,000
200,000
5,000,000
150,000
200,000
1,000,000
400,000
200,000
100,000
2,000,000
2,600,000
350,000
1,000,000
1,600,000
300,000
300,000
500,000
400,000
KERING 2.50% 15/07/2020
KLEPIERRE 2.75% 17/09/2019
MERCIALYS 4.125% 26/03/2019
ORANGE 1.875% 03/09/2018
RENAULT CREDIT INTERNATIONAL BANQUE 4.25%
27/04/2017
RENAULT SA 3.625% 19/09/2018
SOCIETE GENERALE 2.25% 23/01/2020
SOCIETE GENERALE 4.00% 07/06/2023
SOLVAY FINANCE SA VAR PERPETUAL
SOLVAY FINANCE VAR PERPETUAL
SUEZ ENVIRONNEMENT 2.75% 09/10/2023
UNIBAIL RODAMCO 3.00% 22/03/2019
VIVENDI 2.375% 21/01/2019
401,764
513,530
108,136
500,360
270,133
0.20
0.25
0.05
0.25
0.13
Germany
11,817,045
5.83
Ireland
13,572,953
ALLIANZ SE VAR PERPETUAL
DAIMLER AG 2.00% 07/04/2020
DAIMLER AG 2.00% 25/06/2021
DEUTSCHE BANK AG VAR 24/05/2028
DEUTSCHE BANK AG 5.00% 24/06/2020
EWE AG 4.125% 04/11/2020
GERMANY BUNDI 0.75% 15/04/2018
HELLA KGAA HUECK CO 2.375% 24/01/2020
METRO AG 3.375% 01/03/2019
MUNCHENER RUCKVERSIC VAR 26/05/2042
SAP AG 2.125% 13/11/2019
VIER GAS TRANSPORT GMBH 2.00% 12/06/2020
VIER GAS TRANSPORT GMBH 3.125% 10/07/2023
AIB MORTGAGE BANK 3.125% 10/09/2018
AIB MORTGAGE BANK 4.875% 29/06/2017
ALLIED IRISH BANKS PLC 2.875% 28/11/2016
AQUARIUS + INVESTMENTS PLC VAR 02/10/2043
BANK OF IRELAND 2.75% 22/03/2018
CRH FINANCE LIMITED 3.125% 03/04/2023
CRH PLC 2.75% 15/10/2020
FGA CAPITAL IRELAND PLC 4.00% 17/10/2018
GE CAPITAL EUROPEAN FUNDING 2.25%
20/07/2020
300,000 GE CAPITAL EUROPEAN FUNDING 2.875%
18/06/2019
3,000,000 IRELAND 4.50% 18/04/2020
600,000 RZD CAPITAL LIMITED 3.374% 20/05/2021
200,000
500,000
450,000
100,000
200,000
200,000
600,000
900,000
EUR
% of NaV
400,000 BHP BILLITON FINANCE LIMITED 2.25% 25/09/2020
800,000 COMMONWEALTH BANK OF AUSTRALIA 3.00%
03/05/2022
800,000 ORIGIN ENERGY FINANCE LTD 3.50% 04/10/2021
200,000 TELSTRA CORPORATION 3.50% 21/09/2022
208,753,390 103.06
400,000
500,000
100,000
500,000
250,000
Market Value
Australia
EUR
230,128,901 113.61
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Italy
ACEA SPA 3.75% 12/09/2018
AEM SPA 4.375% 10/01/2021
ENEL SPA VAR 10/01/2074
ENI SPA 4.25% 03/02/2020
INTESA SANPAOLO SPA 2.25% 24/09/2018
INTESA SANPAOLO SPA 4.00% 09/11/2017
INTESA SANPAOLO SPA 4.00% 30/10/2023
INTESA SANPAOLO SPA 6.625% 13/09/2023
617,766
303,192
400,924
513,480
364,511
495,745
262,040
199,710
1,025,920
647,667
735,405
1,317,145
110,782
219,262
5,520,832
149,075
212,330
1,177,400
401,572
197,250
102,405
2,056,720
2,845,830
348,663
1,001,130
1,636,064
297,330
299,805
515,300
397,968
312,723
3,283,500
577,920
24,905,336
211,688
529,577
483,188
110,640
203,084
210,706
603,727
970,151
0.30
0.15
0.20
0.25
0.18
0.24
0.13
0.10
0.51
0.32
0.36
0.65
0.05
0.11
2.73
0.07
0.10
0.58
0.20
0.10
0.05
6.70
1.02
1.40
0.17
0.49
0.81
0.15
0.15
0.25
0.20
0.15
1.62
0.29
12.30
0.10
0.26
0.24
0.05
0.10
0.10
0.30
0.48
Bond Euro Aggregate
Securities Portfolio as at 31/12/13
1,068,789
0.53
Netherlands
8,473,530
4.18
200,000
200,000
200,000
100,000
300,000
600,000
100,000
500,000
1,000,000
500,000
300,000
650,000
AKZO NOBEL NV 2.625% 27/07/2022
ALLIANDER N.V. VAR PERPETUAL
ALLIANZ FINANCE II BV 3.50% 14/02/2022
ASML HOLDING NV 3.375% 19/09/2023
BMW FINANCE NV 2.00% 04/09/2020
COCA COLA HBC FINANCE BV 2.375% 18/06/2020
DELTA LLOYD NV 4.25% 17/11/2017
DEUTSCHE ANNINGTON FINANCE B.V. 3.125%
25/07/2019
DEUTSCHE TELEKOM INTL FINANCE 3.25%
17/01/2028
ELM BV 2.50% 24/09/2020
ENEL FINANCE INTERNATIONAL NV 3.625%
17/04/2018
ENEL FINANCE INTERNATIONAL NV 4.875%
11/03/2020
ENEXIS HOLDING NV 1.875% 13/11/2020
GAS NATURAL FENOSA FINANCE BV 3.50%
15/04/2021
KBC IFIMA NV 2.125% 10/09/2018
KONINKLIJKE KPN NV 3.25% 01/02/2021
LEASEPLAN CORPORATION NV 2.375% 23/04/2019
NOMURA EUROPE FINANCE NV 1.875% 29/05/2018
RABOBANK NEDERLAND 2.375% 22/05/2023
ROBERT BOSCH INVESTMENT NLD 1.625%
24/05/2021
VOLKSWAGEN INTERNATIONAL FINANCE NV VAR
PERPETUAL
Norway
300,000 DNB BANK ASA VAR 26/09/2023
700,000 STATOIL ASA 2.00% 10/09/2020
200,000 TELENOR ASA 2.50% 22/05/2025
417,000
319,050
332,739
886,185
152,495
216,196
454,082
647,770
396,868
215,264
717,542
99,243
201,166
212,100
222,104
98,363
311,924
608,736
101,479
503,395
981,560
482,100
289,953
675,005
1,191,884
302,517
699,377
189,990
0.21
0.16
0.16
0.44
0.08
0.11
0.22
0.32
0.20
0.11
0.35
0.05
0.10
0.10
0.11
0.05
0.15
0.30
0.05
0.25
0.48
0.24
0.14
0.33
0.59
0.15
0.35
0.09
EUR
% of NaV
100,000
0.12
0.05
0.05
Mexico
400,000 AMERICA MOVIL SAB DE CV VAR PERPETUAL
300,000 AMERICA MOVIL SAB DE CV VAR PERPETUAL
300,000 PETROLEOS MEXICANOS SA 5.50% 09/01/2017
900,000
150,000
200,000
450,000
650,000
400,000
200,000
700,000
227,100
104,020
106,612
0.22
Market Value
200,000 GAZ CAPITAL SA (EX GAZPROM) 6.605% 13/02/2018
100,000 GAZ CAPITAL SA 3.755% 15/03/2017
100,000 HANNOVER FINANCE (LUXEMBOURG) VAR
30/06/2043
437,732
0.27
1.53
7.59
0.20
0.06
0.30
0.61
0.11
Quantity
Luxembourg
EUR
542,050
3,093,150
15,357,615
410,958
113,334
610,372
1,238,397
216,699
% of NaV
ITALY BTP 4.75% 01/06/2017
ITALY BTP 5.00% 01/09/2040
ITALY BTP 5.50% 01/09/2022
SNAM SPA 2.375% 30/06/2017
SNAM SPA 5.00% 18/01/2019
UNICREDIT SPA VAR 28/10/2025
UNICREDIT SPA 3.625% 24/01/2019
UNICREDIT SPA 4.875% 07/03/2017
Market Value
Quantity
500,000
3,000,000
13,650,000
400,000
100,000
600,000
1,200,000
200,000
Poland
5,445,000
2.69
Portugal
7,884,000
3.89
4,500,000 POLAND 5.25% 20/01/2025
8,000,000 PORTUGAL 4.45% 15/06/2018
Romania
1,000,000 ROMANIA 5.25% 17/06/2016
Spain
3,000,000 FONDO DE REESTRUCTURACION ORDE 5.50%
12/07/2016
21,000,000 SPAIN 3.80% 31/01/2017
7,000,000 SPAIN 4.40% 31/10/2023
4,500,000 SPAIN 4.70% 30/07/2041
13,500,000 SPAIN 5.50% 30/04/2021
200,000 TELEFONICA EMISIONES SAU 4.797% 21/02/2018
200,000 TELEFONICA SA 4.71% 20/01/2020
Sweden
400,000 SKANDINAVISKA ENSKILDA BANKEN 1.875%
14/11/2019
350,000 SVENSKA CELLULOSA AB 2.50% 09/06/2023
900,000 SVENSKA HANDELSBANKEN AB 2.25% 27/08/2020
200,000 SVENSKA KULLAGERFABR 1.875% 11/09/2019
500,000 SVENSKA KULLAGERFABR 2.375% 29/10/2020
150,000 SVENSKA KULLAGERFABR 3.875% 25/05/2018
Switzerland
750,000 CREDIT SUISSE VAR 18/09/2025
300,000 UBS AG VAR 22/05/2023
United Kingdom
300,000 ABBEY NATIONAL TREASURY SERVICES 2.625%
16/07/2020
250,000 ANGLO AMERICAN CAPITAL PLC 2.50% 18/09/2018
500,000 ANGLO AMERICAN CAPITAL PLC 2.50% 29/04/2021
300,000 AVIVA PLC VAR PERPETUAL
300,000 AVIVA PLC VAR 05/07/2043
300,000 BARCLAYS BANK PLC LONDON VAR PERPETUAL
1,000,000 BARCLAYS BANK PLC LONDON 6.00% 23/01/2018
1,000,000 COVENTRY BUILDING SOCIETY 2.50% 18/11/2020
500,000 CREDIT AGRICOLE SA LONDON BRANCH 2.375%
27/11/2020
300,000 FCE BANK PLC 1.75% 21/05/2018
350,000 FCE BANK PLC 2.875% 03/10/2017
400,000 HAMMERSON PLC 2.75% 26/09/2019
450,000 HSBC HOLDINGS PLC VAR 10/01/2024
100,000 HSBC HOLDINGS PLC 6.25% 19/03/2018
50,000 LLOYDS TSB BANK PLC VAR 16/12/2021
350,000 LLOYDS TSB BANK PLC 1.875% 10/10/2018
700,000 LLOYDS TSB BANK PLC 6.50% 24/03/2020
400,000 MORRISON SUPERMAR PLC 2.25% 19/06/2020
200,000 MOTABILITY OPERATIONS GROUP 3.25%
30/11/2018
5,445,000
7,884,000
1,076,000
1,076,000
2.69
3.89
0.53
0.53
52,387,249
25.87
22,095,150
7,150,150
4,349,610
15,097,725
221,556
221,652
10.91
3.53
2.15
7.45
0.11
0.11
396,908
0.20
3,251,406
2,494,278
339,896
902,250
196,550
495,645
163,029
1,021,343
803,565
217,778
13,014,600
301,758
251,518
474,335
302,514
333,609
309,000
1,128,690
990,560
502,410
297,537
364,337
409,012
458,829
116,267
62,394
351,592
812,546
393,168
213,884
1.61
1.23
0.17
0.44
0.10
0.24
0.08
0.50
0.39
0.11
6.42
0.15
0.12
0.23
0.15
0.16
0.15
0.57
0.49
0.25
0.15
0.18
0.20
0.23
0.06
0.03
0.17
0.40
0.19
0.11
The accompanying notes form an integral part of these financial statements
67
Bond Euro Aggregate
Securities Portfolio as at 31/12/13
400,000
400,000
500,000
450,000
400,000
850,000
150,000
700,000
200,000
200,000
750,000
500,000
300,000
400,000
200,000
300,000
400,000
350,000
200,000
400,000
150,000
United States of America
AT& T INC 2.50% 15/03/2023
AT& T INC 2.65% 17/12/2021
BANK OF AMERICA CORP 2.50% 27/07/2020
GENERAL MILLS INC 2.10% 16/11/2020
GOLDMAN SACHS GROUP 2.625% 19/08/2020
INTERNATIONAL BUSINESS MACHINES CORP
1.875% 06/11/2020
JP MORGAN CHASE AND CO FRN 31/03/2018
JP MORGAN CHASE AND CO 2.625% 23/04/2021
MERRILL LYNCH AND CO 4.625% 14/09/2018
METROPOLITAN LIFE GLOBAL FUND 2.375%
11/01/2023
MICROSOFT CORP 2.125% 06/12/2021
MONDELEZ INTERNATIONAL 2.375% 26/01/2021
MORGAN STANLEY AND CO INC 3.75% 21/09/2017
ORACLE CORP 2.25% 10/01/2021
PROCTER AND GAMBLE C 2.00% 16/08/2022
SES GLOBAL AMERICAS HOLDINGS G 1.875%
24/10/2018
SIMON PROPERTY GROUP LP 2.375% 02/10/2020
TOYOTA MOTOR CREDIT CORPORATIO 1.80%
23/07/2020
WELLS FARGO AND CO 2.25% 02/05/2023
WELLS FARGO AND CO 2.25% 03/09/2020
WELLS FARGO AND CO 2.625% 16/08/2022
Convertible bonds
Belgium
4,235 COFINIMMO SA 2.00% 20/06/2018 CV DIRTY
400,000 SAGERPAR 0.375% 09/10/2018 CV
25,000
3,300
13,131
7,462
France
AIR FRANCE - KLM 4.97% 01/04/2015 CV DIRTY
CGG ACT 1.25% 01/01/2019 CV DIRTY
CREDIT AGRICOLE SA 0% 06/12/2016 CV DIRTY
FONCIERE DES REGIONS 0.875% 01/04/2019 CV
DIRTY
1,400 MISARTE 3.25% 01/01/2016 CV
10,033 RALLYE 1.00% 02/10/2020 CV DIRTY
The accompanying notes form an integral part of these financial statements
68
447,957
589,914
496,355
8,185,923
387,376
403,764
501,935
445,752
400,174
838,372
148,122
707,063
217,232
194,756
743,242
494,585
321,288
402,376
193,904
298,296
399,700
344,400
193,484
399,788
150,314
13,266,766
873,349
463,365
409,984
3,290,014
308,969
94,473
918,474
626,382
245,322
1,096,394
0.24
0.22
0.29
0.25
4.04
0.19
0.20
0.25
0.22
0.20
0.40
0.07
0.35
0.11
0.10
0.36
0.24
0.16
0.20
0.10
0.15
0.20
0.17
0.10
0.20
0.07
6.55
Germany
1,093,356
0.54
Hungary
414,688
0.20
1,100,000 DEUTSCHE WOHNEN AG 0.50% 22/11/2020 CV
400,000 MNV MAGYAR NEMZETIN VAGYONKEZ 3.375%
02/04/2019 CV
1.63
0.15
0.05
0.45
0.31
0.12
0.55
1,093,356
0.54
414,688
0.20
Italy
1,025,511
0.51
Jersey
1,171,068
0.58
120,374
802,096
0.06
0.40
300,000 BENI STABILI SPA 2.625% 17/04/2019 CV
500,000 ENI SPA 0.25% 30/11/2015 CV
200,000 SCHEMATRENTAQUATTRO SPA 0.25% 29/11/2016
CV
200,000 BALFOUR BEATTY FINANCE 2 LTD 1.875%
03/12/2018 CV
100,000 DERWENT LDN PLC 1.125% 24/07/2019 CV
800,000 GABRIEL FINANCE LIMITED 2.00% 26/11/2016 CV
291,786
517,345
216,380
248,598
Luxembourg
1,082,090
Netherlands
846,712
1,000,000 GBL VERWALTUNG SA 1.25% 07/02/2017 CV
800,000 ACS ACTIVIDADES FINANCE 2.625% 22/10/2018 CV
Norway
200,000 ALGETA ASA 3.375% 12/09/2018 CV
Portugal
600,000 AMORIM ENERGIA BV 3.375% 03/06/2018 CV
Spain
1,000,000 CAJA DE AHORROS BARCELONA 1.00% 25/11/2017
CV
200,000 INDRA SISTEMAS SA 1.75% 17/10/2018 CV
200,000 INTL CONSOLIDATED AIRLINES GROUP 1.75%
31/05/2018 CV
1,082,090
846,712
209,215
0.14
0.26
0.11
0.12
0.53
0.53
0.42
0.42
0.10
209,215
0.10
634,578
0.31
634,578
1,524,274
1,044,040
214,602
265,632
0.31
0.76
0.52
0.11
0.13
Switzerland
467,758
0.23
United Kingdom
634,153
0.31
550,000 SWISS LIFE HOLDING 0% 02/12/2020 CV
500,000 GREAT PORTLAND ESTAT 1.00% 10/09/2018 CV
0.43 Share/Units of UCITS/UCIS
0.23
0.20
EUR
% of NaV
500,000
494,170
0.15
Market Value
450,000
600,000
296,121
0.15
0.10
0.08
0.24
0.29
0.42
Quantity
500,000
EUR
311,889
203,178
155,270
494,800
592,290
858,696
% of NaV
300,000
NATIONWIDE BUILDING SOCIETY VAR 20/03/2023
NGG FINANCE PLC VAR PERPETUAL
RENTOKIL INITIAL PLC 3.375% 24/09/2019
RIO TINTO FINANCE PLC 2.00% 11/05/2020
ROLLS ROYCE PLC 2.125% 18/06/2021
SCOTTISH AND SOUTHERN ENERGY PLC VAR
PERPETUAL
SCOTTISH AND SOUTHERN ENERGY PLC 2.00%
17/06/2020
SCOTTISH AND SOUTHERN ENERGY PLC 2.375%
10/02/2022
STANDARD CHARTERED PLC VAR 21/10/2025
TESCO TREASURY SERVICES PLC 2.125%
12/11/2020
WPP FINANCE SA 3.00% 20/11/2023
Market Value
Quantity
300,000
200,000
150,000
500,000
600,000
800,000
Share/Units in investment funds
France
181 AMUNDI CREDIT EURO SHORT DURATION
0.022 AMUNDI TRESO COURT TERME PART I C
0.04324 SG OBLIG CONVERTIBLE I C
Luxembourg
3,600 AMUNDI FUNDS CONVERTIBLE EUROPE IE C
4,000 AMUNDI FUNDS BOND EMERGING INFLATION IE
CAP
70,000 AMUNDI FUNDS BOND EURO HIGH YIELD ME C
467,758
634,153
20,666,690
0.23
0.31
10.20
20,666,690
10.20
1,864,475
414
557
0.92
0.00
0.00
1,865,446
0.92
18,801,244
9.28
10,502,800
5.19
4,240,404
4,058,040
2.09
2.00
Bond Euro Aggregate
Securities Portfolio as at 31/12/13
Australia
700,000 NATIONAL AUSTRALIA BANK 2.00% 12/11/2020
Derivative instruments
Options
Germany
90 EURO BUND FUTURE - 139.50 - 24.01.14 PUT
Luxembourg
10,000,000 CDS-00008255 - 0.85 - 15.01.14 PUT
% of NaV
Bonds
Market Value
Quantity
Money market instrument
EUR
687,876
0.34
687,876
0.34
687,876
687,876
20,945
20,945
20,700
20,700
245
0.34
0.34
0.01
0.01
0.01
0.01
0.00
Short positions
245
-31,401
0.00
-0.02
Derivative instruments
-31,401
-0.02
-22,500
-0.02
Options
Germany
-90 EURO BUND FUTURE - 138.50 - 24.01.14 PUT
Luxembourg
-10,000,000 CDS-00008250 - 1.00 - 15.01.14 PUT
-10,000,000 CDS-00008252 - 0.95 - 15.01.14 PUT
-10,000,000 CDS-00008254 - 0.70 - 15.01.14 CALL
Total securities portfolio
-31,401
-22,500
-8,901
-8
-26
-8,867
-0.02
-0.02
0.00
0.00
0.00
0.00
230,097,500 113.59
The accompanying notes form an integral part of these financial statements
69
Bond Euro Corporate
Securities Portfolio as at 31/12/13
Austria
3,300,000 VIENNA INSURANCE GROUP VAR 09/10/2043
Belgium
2,000,000 FORTIS BANK SA NV 5.757% 04/10/2017
Canada
1,500,000 BOMBARDIER INC 6.125% 15/05/2021
Cayman Islands
4,100,000 HUTCHISON WHAMPOA VAR PERPETUAL
Denmark
5,000,000 CARLSBERG BREWERIES A/S 2.625% 03/07/2019
4,000,000 DONG ENERGY AS VAR 08/07/3013
700,000 TDC AS 3.75% 02/03/2022
Finland
4,500,000 SAMPO OYJ 4.25% 27/02/2017
2,000,000
4,000,000
3,000,000
3,800,000
6,700,000
5,500,000
2,500,000
4,000,000
2,000,000
7,500,000
2,000,000
1,000,000
2,800,000
1,400,000
6,600,000
4,000,000
3,100,000
4,500,000
5,400,000
3,100,000
8,100,000
3,000,000
France
ACCOR SA 2.875% 19/06/2017
ALSTOM SA 3.00% 08/07/2019
ASSURANCES GENERALES VAR PERPETUAL
AXA SA VAR 16/04/2040
BANQUE FEDERATIVE DU CREDIT MUTUEL 1.625%
11/01/2018
BANQUE FEDERATIVE DU CREDIT MUTUEL 2.625%
24/02/2021
BANQUE FEDERATIVE DU CREDIT MUTUEL 4.00%
22/10/2020
BNP PARIBAS 2.00% 28/01/2019
BNP PARIBAS 2.50% 23/08/2019
BNP PARIBAS 2.875% 24/10/2022
BPCE SA 2.00% 24/04/2018
BPCE SA 4.625% 18/07/2023
CARREFOUR 5.25% 24/10/2018
COMPAGNIE DE ST-GOBAIN SA 3.625% 28/03/2022
CREDIT AGRICOLE SA VAR 19/09/2033
CREDIT AGRICOLE SA 3.875% 13/02/2019
CREDIT AGRICOLE SA 5.971% 01/02/2018
EDF ELECTRICITE DE FRANCE VAR PERPETUAL
EDF ELECTRICITE DE FRANCE 2.25% 27/04/2021
EUTELSAT 2.625% 13/01/2020
GDF SUEZ VAR PERPETUAL
GECINA 4.75% 11/04/2019
The accompanying notes form an integral part of these financial statements
70
659,574,988
97.04
5,676,142
0.84
659,574,988
2,056,740
3,619,402
3,469,290
3,469,290
2,269,060
2,269,060
1,623,750
1,623,750
3,986,225
3,986,225
10,049,127
5,093,650
4,205,000
750,477
4,856,985
4,856,985
166,768,493
2,072,500
4,071,960
3,070,890
4,067,330
6,699,665
5,561,655
2,652,525
4,037,040
2,060,880
7,667,925
2,034,780
1,052,780
3,225,320
1,466,668
5,302,511
4,381,520
3,554,460
4,654,260
5,360,526
3,074,890
8,382,123
3,326,730
97.04
0.30
0.54
0.51
0.51
0.33
0.33
0.24
0.24
0.59
0.59
1.48
0.75
0.62
0.11
0.71
0.71
24.53
0.30
0.60
0.45
0.60
0.99
0.82
0.39
0.59
0.30
1.14
0.30
0.15
0.47
0.22
0.78
0.64
0.52
0.68
0.79
0.45
1.24
0.49
7,300,000
3,300,000
2,000,000
4,300,000
7,000,000
3,000,000
3,900,000
3,000,000
1,000,000
5,000,000
3,000,000
2,000,000
2,500,000
5,500,000
4,900,000
2,100,000
1,500,000
5,400,000
2,500,000
3,000,000
3,000,000
2,500,000
4,600,000
2,500,000
1,200,000
3,500,000
9,200,000
1,500,000
2,000,000
1,500,000
1,500,000
750,000
3,000,000
2,300,000
3,000,000
HSBC FRANCE (EX CCF) 1.625% 03/12/2018
ICADE 2.25% 30/01/2019
ILIAD 4.875% 01/06/2016
KERING 2.50% 15/07/2020
KLEPIERRE 2.75% 17/09/2019
LAFARGE SA 4.75% 30/09/2020
ORANGE 1.875% 02/10/2019
ORANGE 1.875% 03/09/2018
PICARD GROUPE FRN 01/08/2019
RENAULT CREDIT INTERNATIONAL BANQUE 4.25%
27/04/2017
RENAULT SA 3.625% 19/09/2018
REXEL SA 5.125% 15/06/2020
SAINT GOBAIN (CIE) 3.625% 15/06/2021
SOCIETE DES AUTOROUTES PARIS-RHIN-RHONE
5.00% 12/01/2017
SOCIETE GENERALE VAR PERPETUAL
SOCIETE GENERALE 2.25% 23/01/2020
SOCIETE GENERALE 4.00% 07/06/2023
SOLVAY FINANCE SA VAR PERPETUAL
SOLVAY FINANCE VAR PERPETUAL
SUEZ ENVIRONNEMENT 2.75% 09/10/2023
VIVENDI 2.375% 21/01/2019
WENDEL INVESTISSEMEN 6.75% 20/04/2018
Germany
ALLIANZ SE VAR PERPETUAL
COMMERZBANK AG 3.625% 10/07/2017
CONTINENTAL AG 3.00% 16/07/2018
CONTINENTAL AG 3.125% 09/09/2020
DEUTSCHE BANK AG VAR 24/05/2028
DEUTSCHE BANK AG 5.00% 24/06/2020
ENBW ENERGIE BADEN-WUERTTEMBER VAR
PERPETUAL
EWE AG 4.125% 04/11/2020
HELLA KGAA HUECK CO 2.375% 24/01/2020
METRO AG 3.375% 01/03/2019
MUNCHENER RUCKVERSIC VAR 26/05/2041
RWE AG VAR PERPETUAL
VIER GAS TRANSPORT GMBH 3.125% 10/07/2023
Ireland
2,000,000 ALLIED IRISH BANKS PLC 2.875% 28/11/2016
6,600,000 AQUARIUS + INVESTMENTS PLC VAR 02/10/2043
3,700,000 BANK OF IRELAND MORTGAGE BANK 1.875%
13/05/2017
2,900,000 CRH FINANCE LIMITED 3.125% 03/04/2023
4,000,000 CRH PLC 2.75% 15/10/2020
5,400,000 FGA CAPITAL IRELAND PLC 4.00% 17/10/2018
2,300,000 GE CAPITAL EUROPEAN FUNDING 2.25%
20/07/2020
Italy
2,900,000 ACEA SPA 3.75% 12/09/2018
4,000,000 AEM SPA 4.375% 10/01/2021
EUR
% of NaV
2,000,000 ORIGIN ENERGY FINANCE LTD 3.50% 04/10/2021
3,400,000 TELSTRA CORPORATION 3.50% 21/09/2022
98.39
Market Value
Australia
668,746,952
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
7,248,243
3,309,174
2,147,860
4,318,963
7,189,420
3,162,300
3,837,405
3,002,160
1,016,290
5,402,650
1.07
0.49
0.32
0.64
1.06
0.47
0.56
0.44
0.15
0.79
3,809,372
2,122,344
1,503,465
5,545,584
2,603,650
2,974,470
2,995,650
2,888,100
0.56
0.31
0.22
0.82
0.38
0.44
0.44
0.42
3,088,830
2,105,000
2,641,125
6,077,500
35,117,988
4,719,232
2,674,250
1,265,340
3,663,730
6,058,867
1,661,730
2,236,720
1,644,465
1,490,745
796,238
3,475,020
2,359,501
3,072,150
27,034,025
1,992,360
6,607,458
3,709,065
2,874,190
3,997,396
5,565,240
2,288,316
39,853,243
3,069,482
4,236,616
0.45
0.31
0.39
0.89
5.17
0.69
0.39
0.19
0.54
0.90
0.24
0.33
0.24
0.22
0.12
0.51
0.35
0.45
3.98
0.29
0.97
0.55
0.42
0.59
0.82
0.34
5.86
0.45
0.62
Bond Euro Corporate
Securities Portfolio as at 31/12/13
4,800,000 AMERICA MOVIL SAB DE CV VAR PERPETUAL
2,200,000 PETROLEOS MEXICANOS SA 5.50% 09/01/2017
1,000,000
4,500,000
1,600,000
4,300,000
4,100,000
1,200,000
2,000,000
2,250,000
6,000,000
3,900,000
2,500,000
1,000,000
4,450,000
3,700,000
3,000,000
4,800,000
4,000,000
1,700,000
5,400,000
6,500,000
3,000,000
4,000,000
2,000,000
Netherlands
ABN AMRO BANK NV 4.75% 11/01/2019
ACHMEA HYPOTHEEKBANK NV 2.00% 23/01/2018
ALLIANDER N.V. VAR PERPETUAL
ASML HOLDING NV 3.375% 19/09/2023
COCA COLA HBC FINANCE BV 2.375% 18/06/2020
CORIO NV 4.625% 22/01/2018
DELTA LLOYD LEVENSVERZEKERING VAR
29/08/2042
DELTA LLOYD NV 4.25% 17/11/2017
DEUTSCHE ANNINGTON FINANCE B.V. 3.125%
25/07/2019
ELM BV 2.50% 24/09/2020
ENBW INTERNATIONAL FINANCE BV 6.125%
07/07/2039
ENEL FINANCE INTERNATIONAL NV 4.875%
11/03/2020
ENEL FINANCE INTERNATIONAL NV 5.75%
24/10/2018
GAS NATURAL FENOSA FINANCE BV 3.50%
15/04/2021
HEINEKEN NV 2.125% 04/08/2020
HERTZ HOLDINGS NEDERLANDS 4.375%
15/01/2019
KBC IFIMA NV 2.125% 10/09/2018
KONINKLIJKE KPN NV 3.25% 01/02/2021
LEASEPLAN CORPORATION NV 2.375% 23/04/2019
NOMURA EUROPE FINANCE NV 1.875% 29/05/2018
RABOBANK NEDERLAND VAR PERPETUAL
RABOBANK NEDERLAND 2.375% 22/05/2023
SIEMENS FINANCIERINGSMAATSCHAP VAR
PERPETUAL
5,373,430
0.79
10,802,058
2,267,500
1,135,500
2,025,628
7,544,886
5,104,800
2,440,086
90,378,855
1,132,950
4,492,305
1,626,608
4,339,001
4,067,897
1,312,812
2,414,780
2,421,720
6,150,360
3,922,737
3,271,275
1,110,520
5,128,162
3,847,068
2,965,350
4,806,000
4,058,240
1,725,143
5,436,666
6,380,140
2,396,168
3,856,800
2,154,620
1.59
0.33
0.17
0.30
1.11
0.75
0.36
13.30
0.17
0.66
0.24
0.64
0.60
0.19
0.36
0.36
0.90
0.58
0.48
0.16
0.75
0.57
0.44
0.71
0.60
0.25
0.80
0.93
0.35
0.57
0.32
EUR
% of NaV
Mexico
0.51
0.62
0.52
0.31
0.08
0.90
0.14
0.45
0.46
0.80
Market Value
5,000,000 ENEL FINANCE INTERNATIONAL SA 4.125%
12/07/2017
2,000,000 FIAT INDUSTRIAL FINANCIAL EUROPE 6.25%
09/03/2018
1,000,000 GAZ CAPITAL SA (EX GAZPROM) 6.605% 13/02/2018
1,900,000 HANNOVER FINANCE (LUXEMBOURG) VAR
30/06/2043
3,489,687
4,214,112
3,521,742
2,110,912
538,973
6,164,364
942,023
3,051,858
3,095,994
5,417,480
Quantity
Luxembourg
EUR
% of NaV
ENEL SPA VAR PERPETUAL
INTESA SANPAOLO SPA 4.00% 09/11/2017
INTESA SANPAOLO SPA 4.00% 30/10/2023
INTESA SANPAOLO SPA 4.125% 19/09/2016
INTESA SANPAOLO SPA 6.625% 13/09/2023
SNAM SPA 2.375% 30/06/2017
TELECOM ITALIA SPA 4.50% 20/09/2017
UNICREDIT SPA VAR 28/10/2025
UNICREDIT SPA 3.625% 24/01/2019
UNICREDIT SPA 4.875% 07/03/2017
Market Value
Quantity
3,250,000
4,000,000
3,500,000
2,000,000
500,000
6,000,000
900,000
3,000,000
3,000,000
5,000,000
1,000,000 URENCO FINANCE NV 4.00% 05/05/2017
5,900,000 VOLKSWAGEN INTERNATIONAL FINANCE NV VAR
PERPETUAL
3,500,000 WOLTERS KLUWER NV 6.375% 10/04/2018
1,075,790
6,126,973
0.16
0.90
3,200,000 DNB BANK ASA VAR 26/09/2023
2,000,000 TELENOR ASA 2.50% 22/05/2025
5,126,748
3,226,848
1,899,900
0.75
Norway
Spain
4,500,000 SANTANDER INTERNATIONAL DEBT SA 4.00%
27/03/2017
1,000,000 TELEFONICA EMISIONES SAU 4.797% 21/02/2018
Sweden
3,000,000 SVENSKA HANDELSBANKEN AB 2.25% 27/08/2020
3,000,000 SVENSKA KULLAGERFABR 2.375% 29/10/2020
Switzerland
2,500,000 CREDIT SUISSE GROUP VAR PERPETUAL
8,650,000 CREDIT SUISSE VAR 18/09/2025
2,000,000 UBS AG VAR 22/05/2023
United Kingdom
5,000,000 ABBEY NATIONAL TREASURY SERVICES 2.625%
16/07/2020
2,000,000 ANGLO AMERICAN CAPITAL PLC 2.50% 18/09/2018
3,000,000 ANGLO AMERICAN CAPITAL PLC 2.50% 29/04/2021
2,000,000 AVIVA PLC VAR 05/07/2043
3,500,000 AVIVA PLC VAR 22/05/2038
3,000,000 BARCLAYS BANK PLC LONDON VAR PERPETUAL
3,000,000 BARCLAYS BANK PLC LONDON 6.00% 23/01/2018
9,000,000 COVENTRY BUILDING SOCIETY 2.50% 18/11/2020
5,700,000 CREDIT AGRICOLE SA LONDON BRANCH 2.375%
27/11/2020
5,000,000 FCE BANK PLC 1.75% 21/05/2018
2,000,000 FCE BANK PLC 2.875% 03/10/2017
5,000,000 HAMMERSON PLC 2.75% 26/09/2019
7,000,000 HSBC HOLDINGS PLC VAR 10/01/2024
2,500,000 LLOYDS TSB BANK PLC VAR 16/12/2021
3,700,000 LLOYDS TSB BANK PLC 1.875% 10/10/2018
3,900,000 LLOYDS TSB BANK PLC 6.50% 24/03/2020
6,000,000 MORRISON SUPERMAR PLC 2.25% 19/06/2020
2,200,000 NATIONWIDE BUILDING SOCIETY VAR 20/03/2023
3,050,000 NGG FINANCE PLC VAR PERPETUAL
6,300,000 SCOTTISH AND SOUTHERN ENERGY PLC VAR
PERPETUAL
4,650,000 SCOTTISH AND SOUTHERN ENERGY PLC 2.375%
10/02/2022
1,700,000 STANDARD CHARTERED PLC VAR 21/10/2025
5,000,000 TESCO TREASURY SERVICES PLC 2.125%
12/11/2020
3,300,000 THE ROYAL BANK OF SCOTLAND GROUP PLC
1.50% 28/11/2016
5,100,000 WPP FINANCE SA 3.00% 20/11/2023
4,158,770
5,916,944
4,809,164
1,107,780
5,981,370
3,007,500
2,973,870
12,637,484
1,917,849
9,267,783
1,451,852
0.61
0.47
0.28
0.87
0.71
0.16
0.88
0.44
0.44
1.86
0.28
1.37
0.21
105,508,080
15.52
2,012,140
2,846,010
2,224,060
3,994,935
3,090,000
3,386,070
8,915,040
5,727,474
0.30
0.42
0.33
0.59
0.45
0.50
1.30
0.84
5,029,300
4,958,950
2,081,930
5,112,650
7,137,340
3,119,700
3,716,835
4,527,042
5,897,520
2,287,186
3,098,465
6,762,231
4,595,781
1,692,282
4,915,950
3,316,368
5,062,821
0.74
0.73
0.31
0.75
1.04
0.46
0.55
0.67
0.87
0.34
0.46
0.99
0.68
0.25
0.72
0.49
0.74
The accompanying notes form an integral part of these financial statements
71
Bond Euro Corporate
Securities Portfolio as at 31/12/13
Share/Units in investment funds
France
1,965,625
0.29
968,440
5,450,814
960,180
11,042,570
8,041,180
2,547,920
3,591,386
3,962,240
4,501,957
6,856,920
6,171,750
2,243,681
8,080,720
3,803,803
5,430,800
4,954,950
9,594,949
5,254,020
3,380,688
4,596,550
3,069,640
1,199,330
4,247,747
3,056,375
9,170,006
9,170,006
3,483,116
50 AMUNDI CREDIT EURO SHORT DURATION
0.761 AMUNDI TRESO COURT TERME PART I C
3 AMUNDI TRESO 3 MOIS I C
515,049
14,323
2,953,744
5,500 AMUNDI FUNDS BOND EURO HIGH YIELD SHORT
TERM IE CAP
5,686,890
Luxembourg
Derivative instruments
Options
Luxembourg
80,000,000 CDS-00008258 - 0.85 - 15.01.14 PUT
5,686,890
0.14
0.80
0.14
1.63
1.18
0.37
0.53
0.58
0.66
1.01
0.91
0.33
1.19
0.56
0.80
0.73
1.42
0.77
0.50
0.68
0.45
0.18
0.62
0.45
1.35
1.35
0.51
0.08
0.00
0.43
0.84
0.84
1,958
0.00
1,958
0.00
1,958
0.00
Short positions
1,958
-71,205
0.00
-0.01
Derivative instruments
-71,205
-0.01
-71,205
-0.01
Options
Luxembourg
-80,000,000 CDS-00008253 - 1.00 - 15.01.14 PUT
-80,000,000 CDS-00008256 - 0.70 - 15.01.14 CALL
The accompanying notes form an integral part of these financial statements
72
-71,205
-62
-70,939
-0.01
0.00
-0.01
Total securities portfolio
EUR
-204
668,675,747
% of NaV
Share/Units of UCITS/UCIS
16.92
-80,000,000 CDS-00008257 - 0.95 - 15.01.14 PUT
Market Value
4,600,000
2,800,000
1,000,000
4,250,000
3,050,000
114,974,235
Quantity
4,000,000
4,500,000
6,000,000
6,250,000
3,000,000
8,000,000
5,000,000
5,000,000
5,000,000
9,700,000
4,500,000
3,400,000
% of NaV
1,850,000
AT& T INC 2.50% 15/03/2023
AT& T INC 2.65% 17/12/2021
AT& T INC 3.55% 17/12/2032
BANK OF AMERICA CORP 2.50% 27/07/2020
CITIGROUP INC 5.00% 02/08/2019
CITIGROUP INC 7.375% 04/09/2019
DAIMLER FINANCE NORTH AMERICA LLC 1.875%
11/01/2018
DEUTSCHE BANK CAPITAL FUNDIN11 9.50%
PERPETUAL
GENERAL MILLS INC 2.10% 16/11/2020
GOLDMAN SACHS GROUP 2.625% 19/08/2020
GOLDMAN SACHS GROUP 5.125% 23/10/2019
JP MORGAN CHASE AND CO FRN 31/03/2018
JP MORGAN CHASE AND CO 2.60% 15/01/2016
JP MORGAN CHASE AND CO 2.625% 23/04/2021
JP MORGAN CHASE AND CO 3.15% 05/07/2016
MERRILL LYNCH AND CO 4.625% 14/09/2018
MICROSOFT CORP 2.125% 06/12/2021
MONDELEZ INTERNATIONAL 2.375% 26/01/2021
MORGAN STANLEY 5.375% 10/08/2020
SES GLOBAL AMERICAS HOLDINGS G 1.875%
24/10/2018
SIMON PROPERTY GROUP LP 2.375% 02/10/2020
WACHOVIA CORP 4.375% 27/11/2018
WAL MART STORES INC 4.875% 21/09/2029
WELLS FARGO AND CO 2.25% 03/09/2020
WELLS FARGO AND CO 2.625% 16/08/2022
Market Value
Quantity
1,000,000
5,400,000
1,000,000
11,000,000
7,000,000
2,000,000
5,000,000
United States of America
EUR
0.00
98.38
Bond Euro Government
Securities Portfolio as at 31/12/13
Belgium
BELGIUM 3.50% 28/06/2017
BELGIUM 3.75% 28/09/2020
BELGIUM 4.25% 28/03/2041
BELGIUM 4.50% 28/03/2026
BELGIUM 5.50% 28/03/2028
France
4,500,000 DEXIA CREDIT LOCAL DE FRANCE 1.00%
11/07/2016
3,800,000 DEXIA CREDIT LOCAL DE FRANCE 1.625%
29/10/2018
3,500,000 FRANCE OAT 3.25% 25/05/2045
7,000,000 FRANCE OAT 3.50% 25/04/2020
4,400,000 FRANCE OAT 4.00% 25/04/2018
823,000 FRANCE OAT 4.00% 25/10/2038
5,900,000 FRANCE OAT 4.25% 25/10/2018
900,000 FRANCE OAT 4.75% 25/04/2035
4,000,000 FRANCE OAT 5.00% 25/10/2016
6,350,000 FRANCE OAT 5.75% 25/10/2032
4,400,000
3,500,000
1,000,000
3,800,000
Germany
FMS WERTMANAGEMENT 1.875% 09/05/2019
FMS WERTMANAGEMENT 3.00% 08/09/2021
GERMANY BUND 2.50% 04/07/2044
GERMANY BUND 4.75% 04/07/2028
Ireland
3,800,000 IRELAND 4.50% 18/10/2018
3,300,000 IRELAND 5.00% 18/10/2020
1,300,000
9,750,000
1,280,000
2,800,000
6,180,000
6,224,000
3,750,000
6,500,000
8,800,000
5,000,000
5,600,000
Italy
ITALY BTP 3.50% 01/12/2018
ITALY BTP 4.00% 01/02/2017
ITALY BTP 4.00% 01/02/2037
ITALY BTP 4.00% 01/09/2020
ITALY BTP 4.25% 01/02/2019
ITALY BTP 4.50% 01/03/2019
ITALY BTP 4.50% 01/03/2026
ITALY BTP 4.50% 01/08/2018
ITALY BTP 4.75% 01/08/2023
ITALY BTP 4.75% 01/09/2021
ITALY BTP 4.75% 15/09/2016
259,277,824 107.48
7,374,191
774,225
1,677,069
343,074
2,596,815
1,983,008
15,326,331
6,111,280
3,592,576
1,472,638
3,379,167
770,670
3.06
0.32
0.70
0.14
1.08
0.82
6.35
2.53
1.49
0.61
1.40
0.32
46,493,285
19.27
3,826,258
1.59
4,535,370
3,367,350
7,809,900
4,956,292
917,052
6,749,305
1,109,970
4,504,000
8,717,788
14,147,430
4,537,456
3,803,590
948,350
4,858,034
7,930,853
4,217,924
3,712,929
82,848,438
1,347,450
10,349,625
1,180,134
2,942,016
6,623,415
6,735,800
3,880,500
7,052,045
9,417,056
5,422,650
6,045,480
1.88
ITALY BTP 5.00% 01/03/2022
ITALY BTP 5.00% 01/03/2025
ITALY BTP 5.00% 01/09/2040
ITALY BTP 5.25% 01/11/2029
ITALY BTP 5.75% 01/02/2033
ITALY BTP 6.00% 01/05/2031
Luxembourg
8,300,000 EUROPEAN FINANCIAL STABILITY FACILITY 1.75%
29/10/2020
5,000,000 EUROPEAN FINANCIALL STABILITY FACILITY 1.25%
31/07/2018
4,550,000 EUROPEAN STABILITY MECHANISM 1.25%
15/10/2018
Slovakia
4,000,000 SLOVAKIA 3.00% 28/02/2023
2,500,000
4,400,000
16,500,000
2,750,000
1,500,000
15,550,000
1,956,000
12,500,000
1,300,000
Spain
SPAIN 3.15% 31/01/2016
SPAIN 3.80% 31/01/2017
SPAIN 4.10% 30/07/2018
SPAIN 4.20% 31/01/2037
SPAIN 4.40% 31/10/2023
SPAIN 4.60% 30/07/2019
SPAIN 4.65% 30/07/2025
SPAIN 5.50% 30/04/2021
SPAIN 5.75% 30/07/2032
1.40
3.24
2.05
0.38
2.80 Share/Units of UCITS/UCIS
0.46
Share/Units in investment funds
1.87
France
3.60
5 AMUNDI TRESO ETAT I C
5.86
1.88 Derivative instruments
1.58
Options
0.39
Germany
2.01
90 EURO BUND FUTURE - 139.50 - 24.01.14 PUT
3.29
Short positions
1.75
1.54 Derivative instruments
34.35
Options
0.56
Germany
4.28
-90 EURO BUND FUTURE - 138.50 - 24.01.14 PUT
0.49
1.22 Total securities portfolio
2.75
2.79
1.61
2.92
3.90
2.25
2.51
EUR
% of NaV
5,600,000
3,200,000
1,290,000
2,900,000
600,000
AUSTRIA 3.15% 20/06/2044
AUSTRIA 3.20% 20/02/2017
AUSTRIA 3.90% 15/07/2020
AUSTRIA 4.30% 15/09/2017
AUSTRIA 4.85% 15/03/2026
259,277,824 107.48
8,800,000
450,000
3,150,000
4,100,000
900,000
2,600,000
Market Value
750,000
1,550,000
300,000
2,300,000
1,600,000
Austria
EUR
260,576,646 108.02
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
9,628,960
483,719
3,247,808
4,435,790
1,026,522
3,029,468
3.99
0.20
1.35
1.84
0.43
1.26
8,276,760
3.43
17,862,620
5,016,750
4,569,110
7.40
2.08
1.89
4,159,000
1.72
63,135,676
26.18
1,278,122
0.53
4,159,000
2,580,500
4,629,460
17,587,845
2,500,988
1,532,175
16,842,671
2,013,467
13,979,375
1,469,195
1,278,122
1,278,122
1,278,122
20,700
20,700
20,700
1.72
1.07
1.92
7.29
1.04
0.64
6.98
0.83
5.80
0.61
0.53
0.53
0.53
0.01
0.01
0.01
20,700
-22,500
0.01
-0.01
-22,500
-0.01
-22,500
-22,500
-22,500
-0.01
-0.01
-0.01
260,554,146 108.01
The accompanying notes form an integral part of these financial statements
73
Bond Euro Inflation
Securities Portfolio as at 31/12/13
Germany
2,880,000 GERMANY BUNDI 0.10% 15/04/2023
3,100,000 GERMANY BUNDI 0.75% 15/04/2018
2,500,000
2,200,000
12,400,000
24,650,000
9,100,000
3,600,000
6,100,000
10,300,000
8,000,000
190,483,307
85,769,932
1,970,794
12,996,452
4,314,323
4,879,487
6,284,728
18,947,985
6,293,545
355,674
14,502,444
11,207,698
4,016,802
6,331,119
2,908,202
3,422,917
98.39 Derivative instruments
98.39
44.30
3.27
1.50
1.77
85,850,208
44.35
Sweden
12,532,048
6.47
ITALY BTPI 1.70% 15/09/2018
ITALY BTPI 2.10% 15/09/2016
ITALY BTPI 2.10% 15/09/2017
ITALY BTPI 2.10% 15/09/2021
ITALY BTPI 2.35% 15/09/2019
ITALY BTPI 2.35% 15/09/2035
ITALY BTPI 2.55% 15/09/2041
ITALY BTPI 2.60% 15/09/2023
ITALY BTPI 3.10% 15/09/2026
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
0.002 AMUNDI TRESO EONIA ISR I C
0.808 AMUNDI TRESO 3 MOIS I C
Luxembourg
6,598 AMUNDI FUNDS BOND EMERGING INFLATION IE CAP
Derivative instruments
Options
Germany
95 EURO BUND FUTURE - 139.50 - 24.01.14 PUT
The accompanying notes form an integral part of these financial statements
2,530,679
2,423,851
14,793,321
25,974,905
10,273,017
3,909,799
5,748,276
11,569,576
8,626,784
4,576,227
7,955,821
7,546,672
7,546,672
852,500
438
852,062
6,694,172
6,694,172
21,850
21,850
21,850
21,850
Options
Germany
-95 EURO BUND FUTURE - 138.50 - 24.01.14 PUT
1.02
6.71 Total securities portfolio
2.23
2.52
3.25
9.79
3.25
0.18
7.49
5.79
2.07
Italy
31,000,000 SWEDENI 3.50% 01/12/2015
44,800,000 SWEDENI 4.00% 01/12/2020
74
190,483,307
1.31
1.25
7.64
13.41
5.31
2.02
2.97
5.98
4.46
2.36
4.11
3.90
3.90
0.44
0.00
0.44
3.46
3.46
0.01
0.01
0.01
0.01
EUR
-23,750
-23,750
-23,750
-23,750
-23,750
% of NaV
FRANCE OATI 0.10% 25/07/2021
FRANCE OATI 0.25% 25/07/2018
FRANCE OATI 0.25% 25/07/2024
FRANCE OATI 1.10% 25/07/2022
FRANCE OATI 1.30% 25/07/2019
FRANCE OATI 1.60% 25/07/2015
FRANCE OATI 1.80% 25/07/2040
FRANCE OATI 1.85% 25/07/2027
FRANCE OATI 2.25% 25/07/2020
FRANCE OATI 3.15% 25/07/2032
FRANCE OATI 3.40% 25/07/2029
EUR
198,051,829 102.30 Short positions
Market Value
2,000,000
12,300,000
4,500,000
4,300,000
5,500,000
15,300,000
4,852,000
300,000
10,500,000
6,750,000
2,382,000
France
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
-0.01
-0.01
-0.01
-0.01
-0.01
198,028,079 102.29
Bond Euro High Yield
Securities Portfolio as at 31/12/13
Belgium
1,600,000 KBC BANK NV VAR 25/01/2023
Canada
6,700,000 BOMBARDIER INC 6.125% 15/05/2021
Cayman Islands
900,000 UPCB FINANCE 7.625% 15/01/2020
Croatia
1,620,000 AGROKOR DD 10.00% 07/12/2016
1,860,000 AGROKOR DD 9.125% 01/02/2020
2,750,000 AGROKOR DD 9.875% 01/05/2019
Czech Republic
930,000 CET 21 SPOL S R O 9.00% 01/11/2017
2,500,000
3,150,000
2,790,000
3,000,000
4,700,000
3,700,000
91.47
5,230,507
0.59
814,626,848
3,905,400
1,325,107
1,274,357
1,274,357
7,252,750
7,252,750
973,260
973,260
91.47
0.44
0.15
0.14
0.14
0.81
0.81
0.11
0.11
6,862,175
0.77
969,525
0.11
1,709,100
2,073,900
3,079,175
969,525
0.19
0.23
0.35
0.11
Finland
2,794,104
0.31
France
172,202,902
19.34
2,570,000 STORA ENSO OYJ 5.50% 07/03/2019
2,600,000
3,040,000
3,850,000
1,140,000
3,100,000
3,600,000
2,400,000
1,800,000
1,330,000
1,187,000
4,500,000
2,700,000
3,300,000
1,700,000
5,030,000
900,000
814,626,848
AXA SA VAR 16/04/2040
BANQUE PSA FINANCE 4.25% 25/02/2016
BNP PARIBAS VAR PERPETUAL
BPCE SA VAR PERPETUAL
BPCE SA VAR PERPETUAL
BPCE SA 9.25% PERPETUAL
CASINO GUICHARD PERRACHON VAR PERPETUAL
CEGEDIM 6.75% 01/04/2020
CERBA EUROPEAN LAB 7.00% 01/02/2020
CGG ACT 9.50% 15/05/2016
CREDIT AGRICOLE SA VAR PERPETUAL
CREDIT AGRICOLE SA VAR 19/09/2033
CREDIT AGRICOLE SA VAR PERPETUAL
CREDIT AGRICOLE SA VAR PERPETUAL
CROWN EURO HOLDINGS 7.125% 15/08/2018
CSE NAT.CSES EPAR.PREVOYANCE VAR
PERPETUAL
CSE NAT.CSES EPAR.PREVOYANCE VAR
PERPETUAL
CSE NAT.CSES EPAR.PREVOYANCE VAR
PERPETUAL
FAURECIA 9.375% 15/12/2016
GROUPAMA SA VAR PERPETUAL
GROUPAMA SA VAR 27/10/2039
GROUPAMA SA VAR PERPETUAL
2,794,104
2,782,910
3,166,610
4,075,687
1,152,597
3,282,125
3,816,000
2,386,368
1,849,860
1,406,475
906,649
5,130,000
2,169,209
3,303,300
1,982,625
5,356,950
913,500
2,396,875
3,327,503
3,322,890
2,745,000
4,887,919
3,219,000
0.31
0.31
0.36
0.46
0.13
0.37
0.43
0.27
0.21
0.16
0.10
0.58
0.24
0.37
0.22
0.60
0.10
0.27
0.37
0.37
0.31
0.55
0.36
2,600,000
860,000
3,156,000
3,250,000
6,300,000
4,870,000
6,930,000
1,740,000
400,000
2,050,000
3,360,000
4,200,000
7,800,000
1,000,000
3,200,000
1,700,000
1,700,000
3,230,000
970,000
2,800,000
5,013,000
2,330,000
3,800,000
1,650,000
4,440,000
3,500,000
2,900,000
2,350,000
2,550,000
4,600,000
4,600,000
5,400,000
1,000,000
1,300,000
3,837,000
930,000
4,025,000
2,600,000
2,570,000
2,550,000
3,150,000
4,800,000
1,700,000
1,600,000
1,180,000
900,000
GROUPE SMCP SAS 8.875% 15/06/2020
LA FINANCIERE ATALIAN 7.25% 15/01/2020
LABCO 8.50% 15/01/2018
LAFARGE SA VAR 24/11/2016
LAFARGE SA VAR 29/11/2018
LAFARGE SA 4.75% 30/09/2020
LAFARGE SA 5.875% 09/07/2019
LOXAM 7.375% 24/01/2020
NEXANS 4.25% 19/03/2018
NEXANS 5.75% 02/05/2017
NOVALIS 6.00% 15/06/2018
PEUGEOT SA 6.50% 18/01/2019
PEUGEOT SA 7.375% 06/03/2018
PICARD GROUPE FRN 01/08/2019
RENAULT SA 4.625% 25/05/2016
RENAULT SA 5.625% 22/03/2017
RENAULT SA 5.625% 30/06/2015
REXEL SA 5.125% 15/06/2020
REXEL SA 6.125% 15/12/2019
REXEL 7.00% 17/12/2018
SOCIETE GENERALE VAR PERPETUAL
SOCIETE GENERALE VAR PERPETUAL
SOCIETE GENERALE VAR PERPETUAL
SOCIETE GENERALE VAR PERPETUAL
SPCM SA 5.50% 15/06/2020
TEREOS FINANCE GROUPE I 4.25% 04/03/2020
VEOLIA ENVIRONNEMENT VAR PERPETUAL
WENDEL INVESTISSEMEN 4.375% 09/08/2017
WENDEL INVESTISSEMEN 4.875% 26/05/2016
WENDEL INVESTISSEMEN 5.875% 17/09/2019
WENDEL INVESTISSEMEN 6.75% 20/04/2018
Germany
COMMERZBANK AG 7.75% 16/03/2021
COMMERZBANK AG 8.125% 19/09/2023
DEUTSCHE RASTSTATTEN 6.75% 30/12/2020
FRANZ HANIEL UND CIE GMBH 6.25% 08/02/2018
GROHE HOLDINGS GMBH VAR 15/12/2017
HEIDELBERGCEMENT AG 8.50% 31/10/2019
KINOVE GERMAN BONDCO 10.00% 15/06/2018
STYROLUTION GP GMBH 7.625% 15/05/2016
TECHEM AG 6.125% 01/10/2019
TECHEM AG 7.875% 01/10/2020
THYSSENKRUPP AG 4.00% 27/08/2018
TRIONISTA TOPCO GMBH 5.00% 30/04/2020
TRIONISTA TOPCO GMBH 6.875% 30/04/2021
UNITY MEDIA GMBH 9.625% 01/12/2019
UNITYMEDIA HESSEN GMBH CO NRW 5.125%
21/01/2023
3,000,000 UNITYMEDIA HESSEN GMBH CO NRW 5.50%
15/09/2022
3,450,000 UNITYMEDIA HESSEN GMBH CO NRW 5.75%
15/01/2023
3,080,000 UNITYMEDIA HESSEN GMBH CO NRW 6.25%
15/01/2029
EUR
% of NaV
3,680,000 SAPPI PAPIER HOLDING AG 6.625% 15/04/2018
1,280,000 WIENERBERGER AG 4.00% 17/04/2020
97.99
Market Value
Austria
872,714,819
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
2,819,050
910,981
3,353,250
3,843,938
7,229,250
5,133,467
7,837,483
1,861,800
414,600
2,265,455
3,544,800
4,555,354
8,708,700
1,016,290
3,399,898
1,868,164
1,798,923
3,399,575
740,461
3,066,000
5,013,000
3,088,930
4,529,600
1,282,748
4,817,400
3,543,750
2,882,165
2,514,829
2,722,635
5,146,250
5,314,104
0.32
0.10
0.38
0.43
0.81
0.58
0.88
0.21
0.05
0.25
0.40
0.51
0.99
0.11
0.38
0.21
0.20
0.38
0.08
0.34
0.56
0.35
0.51
0.14
0.54
0.40
0.32
0.28
0.31
0.58
0.60
6,206,864
803,476
1,361,750
4,425,749
953,529
5,121,813
2,585,700
2,696,958
2,778,225
3,530,835
5,020,723
1,739,100
1,690,400
1,306,850
897,930
0.69
0.09
0.15
0.50
0.11
0.58
0.29
0.30
0.31
0.40
0.56
0.20
0.19
0.15
0.10
57,865,480
3,082,860
3,554,190
3,041,500
6.50
0.35
0.40
0.34
The accompanying notes form an integral part of these financial statements
75
Bond Euro High Yield
Securities Portfolio as at 31/12/13
Japan
1,997,000 SOFTBANK CORPORATION 4.625% 15/04/2020
2,660,000
1,500,000
1,710,000
2,500,000
4,756,000
Jersey
ASTON MARTIN CAPITAL LTD 9.25% 15/07/2018
AVIS BUDGET FINANCE PLC 6.00% 01/03/2021
HASTINGS INSURANCE GROUP 8.00% 21/10/2020
HBOS CAPITAL FUNDING LP VAR PERPETUAL
UBS PREFERRED FUNDING (JERSEY) VAR
PERPETUAL
The accompanying notes form an integral part of these financial statements
76
29,607,250
3.32
1,892,283
781,003
3,952,000
1,195,416
3,856,680
2,169,100
1,816,125
1,798,894
1,163,360
5,136,371
2,121,804
1,656,000
4,741,500
60,123,279
2,670,013
842,282
2,921,877
1,287,954
581,625
6,818,313
2,652,000
3,912,097
1,844,500
2,295,125
3,217,750
4,664,000
895,500
782,397
1,329,688
4,024,207
4,512,596
6,813,414
1,267,718
878,702
1,118,504
4,793,017
2,062,210
2,062,210
15,036,141
3,468,870
1,593,750
2,116,947
3,064,904
4,791,670
0.21
0.09
0.44
0.13
0.43
0.24
0.20
0.20
0.13
0.59
0.24
0.19
0.53
6.75
0.30
0.09
0.33
0.14
0.07
0.76
0.30
0.44
0.21
0.26
0.36
0.52
0.10
0.09
0.15
0.45
0.51
0.76
0.14
0.10
0.13
0.54
0.23
0.23
1.69
0.39
0.18
0.24
0.34
0.54
1,700,000
1,000,000
1,630,000
3,300,000
2,661,000
1,974,000
2,930,000
2,730,000
3,450,000
2,830,000
800,000
1,930,000
2,000,000
2,900,000
550,000
1,000,000
3,200,000
1,600,000
3,940,000
900,000
2,820,000
3,700,000
7,400,000
7,240,000
3,400,000
2,050,000
2,400,000
2,130,000
3,200,000
2,810,000
450,000
1,280,000
2,250,000
2,600,000
5,000,000
1,640,000
3,100,000
1,300,000
1,520,000
2,950,000
2,490,000
2,970,000
2,300,000
303,000
3,140,000
2,866,000
Luxembourg
ALBEA BEAUTY HOLDINGS 8.75% 01/11/2019
ALTICE FINANCING SA 6.50% 15/01/2022
ALTICE FINANCING SA 8.00% 15/12/2019
ARCELORMITTAL SA VAR 03/06/2016
ARCELORMITTAL SA VAR 17/11/2017
ARCELORMITTAL SA VAR 29/03/2018
BEVERAGE PACKAGING HOLDING 9.50%
15/06/2017
BORMIOLI ROCCO HOLDINGS SA 10.00%
01/08/2018
CAPSUGEL FINANCECO 9.875% 01/08/2019
CIRSA FUNDING LUXEMBOURG SA 8.75%
15/05/2018
CLARIANT FINANCE 5.625% 24/01/2017
CONVATEC HEALTHCARE 7.375% 15/12/2017
CONVATEC 10.875% 15/12/2018
ELIOR FINANCE & CP SCA 6.50% 01/05/2020
FIAT FINANCE AND TRADE LTD 5.25% 11/03/2015
FIAT FINANCE AND TRADE LTD 6.125% 08/07/2014
FIAT FINANCE AND TRADE LTD 6.375% 01/04/2016
FIAT FINANCE AND TRADE LTD 6.625% 15/03/2018
FIAT FINANCE AND TRADE LTD 6.75% 14/10/2019
FIAT FINANCE AND TRADE LTD 6.875% 13/02/2015
FIAT FINANCE AND TRADE LTD 7.00% 23/03/2017
FIAT FINANCE AND TRADE LTD 7.375% 09/07/2018
FIAT FINANCE AND TRADE LTD 7.75% 17/10/2016
FIAT INDUSTRIAL FINANCIAL EUROPE 6.25%
09/03/2018
FINDUS BONDCO S.A. 9.00% 01/10/2018
FINDUS BONDCO S.A. 9.125% 01/07/2018
FINMECCANICA FINANCE SA 4.50% 19/01/2021
FMC FINANCE III 6.50% 15/09/2018
FMC FINANCE VII SA 5.25% 15/02/2021
GATEGROUPE FINANCE LUX SA 6.75% 01/03/2019
GCS HOLDCO FINANCE I SA 6.50% 15/11/2018
GEO TRAVEL FINANCE SCA 7.50% 01/08/2018
GESTAMP FUNDING LUXEMBOURG SA 5.875%
31/05/2020
HEIDELBERGCEMENT FINANCE 7.50% 03/04/2020
HELLAS TELECOM (LUX) V 0% 15/01/2015 DIRTY
DEFAULTED
INEOS GROUP HOLDINGS SA 6.50% 15/08/2018
INEOS GROUP HOLDINGS SA 7.875% 15/02/2016
INTRALOT SA LUX 9.75% 15/08/2018
KION FINANCE SA 6.75% 15/02/2020
MAGNOLIA BC SA 9.00% 01/08/2020
MATTERHORN MOBILE SA 8.25% 15/02/2020
NUMERICABLE FINANCE AND CO 8.75% 15/02/2019
ONTEX IV SA 7.50% 15/04/2018
ONTEX IV SA 9.00% 15/04/2019
SPIE BONDCO 3 SCA 11.00% 15/08/2019
SUNRISE COMMUNICATIONS INTERNATIONAL S.A
7.00% 31/12/2017
EUR
% of NaV
Italy
2,510,000 ASTALDI SPA 7.125% 01/12/2020
800,000 BANCA MONTE DEI PASCHI DI SIENA 7.25%
10/07/2015
2,600,000 BUZZI UNICEM 6.25% 28/09/2018
1,220,000 CERVED TECHNOLOGIES SPA 6.375% 15/01/2020
550,000 CERVED TECHNOLOGIES SPA 8.00% 15/01/2021
6,350,000 ENEL SPA VAR PERPETUAL
2,600,000 GAMENET SPA 7.25% 01/08/2018
3,597,000 GTECH SPA VAR PERPETUAL
1,700,000 INTESA SANPAOLO SPA VAR PERPETUAL
2,150,000 INTESA SANPAOLO SPA VAR PERPETUAL
3,050,000 INTESA SANPAOLO SPA VAR PERPETUAL
4,400,000 MANUTENCOOP FACILITY 8.50% 01/08/2020
900,000 RHINO BONDCO SPA FRN 15/12/2019
770,000 RHINO BONDCO SPA 7.25% 15/11/2020
1,250,000 SALINI SPA 6.125% 01/08/2018
3,900,000 TELECOM ITALIA SPA VAR PERPETUAL
4,400,000 TELECOM ITALIA SPA 4.875% 25/09/2020
6,400,000 TELECOM ITALIA SPA 5.375% 29/01/2019
1,100,000 TELECOM ITALIA SPA 5.875% 19/05/2023
700,000 TELECOM ITALIA SPA 6.375% 24/06/2019
1,000,000 TELECOM ITALIA SPA 7.00% 20/01/2017
4,400,000 UNICREDIT SPA 6.95% 31/10/2022
0.49
Market Value
AG SPRING FINANCE LIMITED 7.50% 01/06/2018
ALLIED IRISH BANKS PLC 2.875% 28/11/2016
ARDAGH GLASS FINANCE PLC 7.375% 15/10/2017
ARDAGH PACKAGING FINANCE 5.00% 15/11/2022
ARDAGH PACKAGING FINANCE 9.25% 15/10/2020
BANK OF IRELAND 10.00% 30/07/2016
EIRCOM FINANCE LTD 9.25% 15/05/2020
NARA CABLE FUNDING LTD 8.875% 01/12/2018
ROTTAPHARM LTD 6.125% 15/11/2019
SMURFIT KAPPA ACQUISITIONS 4.125% 30/01/2020
SMURFIT KAPPA ACQUISITIONS 7.75% 15/11/2019
4,393,742
Quantity
Ireland
EUR
% of NaV
3,800,000
1,200,000
3,600,000
2,180,000
1,670,000
1,680,000
1,100,000
4,738,000
2,040,000
1,600,000
4,350,000
Market Value
Quantity
4,040,000 UNITYMEDIA HESSEN GMBH CO NRW 7.50%
15/03/2019
1,630,000 UPC GERMANY GMBH 9.50% 15/03/2021
725,000 WEPA HYGIENEPRODUKTE GMBH 6.50%
15/05/2020
155,526,512
17.47
2,983,208
0.33
1,810,500
1,007,500
1,777,515
3,950,839
2,960,363
2,196,426
3,029,626
3,855,375
2,999,800
889,539
2,036,343
2,250,000
3,161,000
572,982
1,022,210
3,414,144
1,729,792
4,270,960
943,056
3,075,718
4,119,928
8,207,428
8,208,350
3,706,952
2,255,000
2,374,738
2,502,750
3,576,000
2,977,195
462,938
1,360,000
2,373,750
3,170,310
25,500
1,681,000
2,103,999
1,421,875
1,659,080
3,088,650
2,714,100
2,193,048
2,412,240
328,755
3,576,586
3,024,203
0.20
0.11
0.20
0.44
0.33
0.25
0.34
0.43
0.34
0.10
0.23
0.25
0.35
0.06
0.11
0.38
0.19
0.48
0.11
0.35
0.46
0.93
0.93
0.42
0.25
0.27
0.28
0.40
0.33
0.05
0.15
0.27
0.36
0.00
0.19
0.24
0.16
0.19
0.35
0.30
0.25
0.27
0.04
0.40
0.34
Bond Euro High Yield
Securities Portfolio as at 31/12/13
2,376,000
0.27
1,269,672
5,160,000
3,574,725
5,499,058
906,458
6,416,110
3,767,455
282,825
2,180,438
0.14
0.58
0.40
0.63
0.10
0.73
0.42
0.03
0.24
122,304,803
13.74
1,367,995
7,082,034
316,890
4,247,557
4,096,950
1,257,512
1,313,700
2,131,088
0.15
0.80
0.04
0.48
0.46
0.14
0.15
0.24
6,812,325
2,255,000
5,271,288
7,381,386
5,957,437
4,582,638
2,233,774
2,384,250
1,366,788
680,875
6,301,515
1,747,350
36,630
1,529,310
1,788,500
6,012,050
3,126,533
2,600,000
3,049,500
4,651,429
2,156,500
1,834,579
3,315,295
0.76
0.25
0.59
0.83
0.67
0.51
0.25
0.27
0.15
0.08
0.71
0.20
0.00
0.17
0.20
0.68
0.35
0.29
0.34
0.52
0.24
0.21
0.37
1,900,000 TELEFONICA EUROPE BV VAR PERPETUAL
4,800,000 THYSSENKRUPP FINANCE NEDERLAND 8.50%
25/02/2016
1,650,000 TMF GROUP HOLDING FRN 01/12/2018
650,000 TMF GROUP HOLDING 9.875% 01/12/2019
3,030,000 UPC HOLDING BV 6.375% 15/09/2022
1,150,000 UPC HOLDING BV 6.75% 15/03/2023
5,550,000 UPC HOLDING BV 8.375% 15/08/2020
2,950,000 ZIGGO 8.00% 15/05/2018
Norway
600,000 ALBAIN BIDCO NORWAY AS 6.75% 01/11/2020
610,248
0.07
1,684,320
703,157
3,113,325
1,176,013
6,105,000
3,127,708
610,248
Portugal
16,088,068
BANCO ESPIRITO SANTO 4.75% 15/01/2018
BANCO ESPIRITO SANTO 5.875% 09/11/2015
CAIXA GERAL DE DEPOSITOS 5.625% 04/12/2015
PORTUCEL-EMPRESA PRODUTORA 5.375%
15/05/2020
750,000 EDCON HOLDINGS (PROPRIETARY) LTD 13.375%
30/06/2019
1,200,000 EDCON (PROPRIETARY) LTD 9.50% 01/03/2018
4,040,000 FOODCORP LTD 8.75% 01/03/2018
2,865,510
3,671,100
4,930,394
5,892,824
1,593,750
United Kingdom
ARROW GLOBAL FINANCE 7.875% 01/03/2020
BARCLAYS BANK PLC LONDON VAR PERPETUAL
BARCLAYS BANK PLC LONDON VAR PERPETUAL
BARCLAYS BANK PLC LONDON VAR PERPETUAL
0.32
1.81
0.41
0.55
0.67
0.18
0.14
0.44
11,605,506
Switzerland
0.32
1,230,000
3,981,420
789,375
Sweden
2,330,000 CREDIT SUISSE VAR 18/09/2025
0.07
0.67
14,698,880
ABENGOA SA VAR 25/02/2015
ABENGOA SA 8.875% 01/11/2017
ABENGOA SA 8.875% 05/02/2018
CAMPOFRIO ALIMENTACI 8.25% 31/10/2016
EMPARK FUNDING SA 6.75% 15/12/2019
INAER AVIATION 9.50% 01/08/2017
NH HOTELES SA 6.875% 15/11/2019
OBRASCON HUARTE LAIN SA 7.625% 15/03/2020
OBRASCON HUARTE LAIN SA 8.75% 15/03/2018
0.19
0.08
0.35
0.13
0.69
0.35
6,000,795
Spain
1,980,000 EILEME 2 AB 11.75% 31/01/2020
1,300,000 NORCELL SWEDEN HOLDINGS 2 AB 10.75%
29/09/2019
4,400,000 TVN FINANCE CORPORATION III AB 7.375%
15/12/2020
2,770,000 VERISURE HOLDING AB 8.75% 01/09/2018
1,690,000
4,780,000
5,820,000
2,300,000
0.24
0.61
2,865,510
South Africa
950,000
2,270,000
1,960,000
2,402,000
2,600,000
1,122,000
550,000
1,300,000
1,250,000
2,096,954
5,409,648
Poland
2,680,000 CYFROWY POLSAT SA 7.125% 20/05/2018
3,600,000
4,700,000
5,600,000
1,500,000
EUR
% of NaV
0.52
Market Value
4,632,500
Quantity
6,850,000 ABN AMRO BANK NV VAR PERPETUAL
2,200,000 CABLE COMMUNICATIONS SYSTEMS 7.50%
01/11/2020
1,300,000 EDP FINANCE BV 4.625% 13/06/2016
6,700,000 EDP FINANCE BV 4.75% 26/09/2016
300,000 EDP FINANCE BV 4.875% 14/09/2020
3,870,000 EDP FINANCE BV 5.75% 21/09/2017
3,820,000 EDP FINANCE BV 5.875% 01/02/2016
900,000 EDP FINANCE BV 8.625% 04/01/2024
1,200,000 FRESENIUS FINANCE BV 4.25% 15/04/2019
1,994,000 GMAC INTERNATIONAL FINANCE BV 7.50%
21/04/2015
4,510,000 HEIDELBERGER ZEMENT FINANCE BV 8.00%
31/01/2017
5,700,000 HEIDELBERGER ZEMENT FINANCE BV 9.50%
15/12/2018
5,950,000 HERTZ HOLDINGS NEDERLANDS 4.375%
15/01/2019
4,350,000 KONINKLIJKE KPN NV VAR PERPETUAL
1,800,000 KONINKLIJKE KPN NV VAR PERPETUAL
2,200,000 NOKIA SIEMENS NETWORS 6.75% 15/04/2018
1,200,000 NOKIA SIEMENS NETWORS 7.125% 15/04/2020
650,000 OI EUROPEAN 4.875% 31/03/2021
5,430,000 OI EUROPEAN 6.75% 15/09/2020
1,800,000 PHOENIX PIB FINANCE 3.125% 27/05/2020
35,000 PHOENIX PIB FINANCE 9.625% 15/07/2014
1,425,000 POLISH TELEVISION HOLDING 11.00% 15/01/2021
1,750,000 PORTUGAL TELECOM INTL FINANCE BV 4.625%
08/05/2020
5,500,000 PORTUGAL TELECOM INTL FINANCE BV 5.875%
17/04/2018
2,925,000 REFRESCO GROUP BV 7.375% 15/05/2018
2,500,000 SCHAEFFLER FINANCE BV 4.25% 15/05/2018
2,850,000 SCHAEFFLER FINANCE BV 6.875% 15/08/2018
4,020,000 SCHAEFFLER FINANCE BV 7.75% 15/02/2017
1,900,000 SCHAEFFLER FINANCE BV 8.75% 15/02/2019
1,500,000 TELEFONICA EUROPE BV VAR PERPETUAL
3,100,000 TELEFONICA EUROPE BV VAR PERPETUAL
EUR
% of NaV
Netherlands
Market Value
Quantity
4,250,000 SUNRISE COMMUNICATIONS INTERNATIONAL S.A
8.50% 31/12/2018
1,200,000 TELENET FINANCE LUXEMBOURG SCA 6.25%
15/08/2022
2,200,000 TELENET FINANCE LUXEMBOURG SCA 6.625%
15/02/2021
4,800,000 TLENET FINANCE LUXEMBOURG SCA 6.375%
15/11/2020
3,300,000 UNICREDIT LUXEMBOURG FINANCE VAR
PERPETUAL
5,175,000 WIND ACQUISITION FINANCE SA 11.75% 15/07/2017
863,293 WIND ACQUISITION FINANCE SA 12.25% 15/07/2017
6,070,000 WIND ACQUISITION FINANCE SA 7.375% 15/02/2018
3,490,000 XEFIN LUX SCA 8.00% 01/06/2018
270,000 XELLA HOLDCO FINANCE SA 9.125% 15/09/2018
2,005,000 ZINC CAPITAL SA 8.875% 15/05/2018
1,021,250
1,790,490
2,122,680
2,522,100
2,671,500
1,180,905
580,580
1,421,875
1,387,500
2,385,900
1,449,500
4,741,000
3,029,106
2,496,409
2,496,409
106,744,131
2,157,188
4,305,585
4,947,000
2,369,000
0.09
1.65
0.11
0.20
0.24
0.28
0.30
0.13
0.07
0.16
0.16
1.30
0.27
0.16
0.53
0.34
0.28
0.28
11.98
0.24
0.48
0.56
0.27
The accompanying notes form an integral part of these financial statements
77
Bond Euro High Yield
Securities Portfolio as at 31/12/13
Share/Units in investment funds
France
0.015 AMUNDI TRESO COURT TERME PART I C
43 AMUNDI TRESO EONIA ISR I C
The accompanying notes form an integral part of these financial statements
78
35 AMUNDI TRESO 3 MOIS I C
0.64
0.16
Luxembourg
0.17
11,000
AMUNDI FUNDS BOND EURO HIGH YIELD SHORT
0.14
TERM IE CAP
0.25
0.46 Total securities portfolio
0.02
0.14
0.67
0.14
0.19
0.46
0.46
0.50
0.12
0.23
0.15
0.15
0.19
0.24
0.09
0.20
0.19
0.50
0.59
0.28
0.14
0.33
0.24
0.33
0.21
0.07
0.48
0.06
0.57
0.36
0.31
826,625
1,168,750
0.09
0.13
13,432,046
7,162,861
2,125,000
1,365,000
783,810
1.51
0.81
0.24
0.15
0.09
58,087,971
6.52
46,714,191
5.24
58,087,971
282
9,340,244
6.52
0.00
1.05
EUR
37,373,665
% of NaV
Share/Units of UCITS/UCIS
5,791,394
1,398,137
1,540,471
1,253,178
2,194,500
4,099,880
182,542
1,268,029
6,016,738
1,204,656
1,700,971
4,070,613
4,119,225
4,491,887
1,060,460
2,074,453
1,378,000
1,300,470
1,718,329
2,125,458
809,796
1,738,352
1,707,750
4,413,150
5,298,277
2,530,048
1,219,337
2,925,000
2,100,000
2,925,960
1,826,563
635,250
4,299,607
538,161
5,041,024
3,169,615
2,798,077
Market Value
850,000 BELDEN CDT INC 5.50% 15/04/2023
1,100,000 DEUTSCHE BANK CAPITAL FUNDIN11 9.50%
PERPETUAL
5,800,000 LYNX I CORP 6.00% 15/04/2021
1,700,000 LYNX II CORP 7.00% 15/04/2023
1,300,000 MPT OPERATING PARTNERSHIP LP 5.75%
01/10/2020
750,000 UNITED STATES COATING ACQUISITION FLASH
DUTCH 5.75% 01/02/2021
Quantity
United States of America
EUR
% of NaV
BOPARAN HOLDINGS LTD 9.875% 30/04/2018
CARE UK PLC 9.75% 01/08/2017
DFS FURNITURE HOLDINGS PLC 7.625% 15/08/2018
EC FINANCE 9.75% 01/08/2017
ECO BAT FINANCE PLC 7.75% 15/02/2017
ELLI INVESTMENTS LIMITED 8.75% 15/06/2019
EQUINITI NEWCO 2 PLC FRN 15/12/2018
EQUINITI NEWCO 2 PLC 7.125% 15/12/2018
GKN HOLDINGS P.L.C. 5.375% 19/09/2022
HBOS PLC VAR 30/10/2019
HELLERMANN TYTON FINANCE FRN 15/12/2017
HOUSE OF FRASER 8.875% 15/08/2018
JAGUAR LAND ROVER PLC 8.125% 15/05/2018
JAGUAR LAND ROVER PLC 8.25% 15/03/2020
LBG CAPITAL N°2 PLC 6.385% 12/05/2020
LBG CAPITAL 11.04% 19/03/2020
LBG CAPITAL 6.439% 23/05/2020
LBG CAPITAL 9.334% 07/02/2020
LLOYDS TSB BANK PLC VAR PERPETUAL
NEW LOOK BONDCO I PLC 8.75% 14/05/2018
OLD MUTUAL PLC VAR PERPETUAL
OLD MUTUAL PLC 5.00% PERPETUAL
OTE PLC 4.625% 20/05/2016
OTE PLC 7.25% 12/02/2015
OTE PLC 7.875% 07/02/2018
PRIORY GROUP N°3 PLC 7.00% 15/02/2018
RBS CAPITAL TRUST A VAR PERPETUAL
ROYAL BANK OF SCOTLAND PLC VAR PERPETUAL
ROYAL BANK OF SCOTLAND PLC VAR 22/09/2021
R&R ICE CREAM PLC 8.375% 15/11/2017
THOMAS COOK GROUP VAR 22/06/2017
THOMAS COOK GROUP 6.75% 22/06/2015
THOMAS COOK GROUP 7.75% 15/06/2020
TOWERGATE FINANCE PLC FRN 15/02/2018
VIRGIN MEDIA FINANCE PLC 8.875% 15/10/2019
VOUGEOT BIDCO 7.875% 15/07/2020
WILLIAM HILL PLC 4.25% 05/06/2020
Market Value
Quantity
4,400,000
1,100,000
1,200,000
1,150,000
2,100,000
3,080,000
150,000
1,000,000
4,820,000
1,200,000
1,680,000
3,100,000
3,166,000
3,300,000
1,000,000
1,500,000
1,300,000
990,000
900,000
1,675,000
700,000
1,725,000
1,650,000
4,200,000
4,647,000
2,000,000
1,343,000
3,000,000
2,100,000
2,748,000
1,400,000
600,000
3,950,000
450,000
3,862,000
2,460,000
2,400,000
4.19
11,373,780
1.28
872,714,819
97.99
11,373,780
1.28
Bond Euro High Yield Short Term
Securities Portfolio as at 31/12/13
Croatia
625,000 AGROKOR DD 10.00% 07/12/2016
1,150,000
3,800,000
1,100,000
2,000,000
600,000
200,000
7,400,000
1,300,000
3,000,000
650,000
6,000,000
1,900,000
500,000
400,000
3,300,000
1,700,000
1,200,000
500,000
2,500,000
2,700,000
6,200,000
1,600,000
1,800,000
1,600,000
9,400,000
1,000,000
2,650,000
5,200,000
260,000
1,600,000
France
AIR FRANCE - KLM 6.75% 27/10/2016
BANQUE PSA FINANCE 4.25% 25/02/2016
BANQUE PSA FINANCE 4.875% 25/09/2015
CEGEDIM 7.00% 27/07/2015
CROWN EURO HOLDINGS 7.125% 15/08/2018
FAURECIA 8.75% 15/06/2019
FAURECIA 9.375% 15/12/2016
LABCO 8.50% 15/01/2018
LAFARGE SA VAR 24/11/2016
LAFARGE SA 4.25% 23/03/2016
LAFARGE SA 5.375% 26/06/2017
NEXANS 5.75% 02/05/2017
NOVALIS 6.00% 15/06/2018
PEUGEOT SA 5.625% 29/06/2015
PEUGEOT SA 6.875% 30/03/2016
PEUGEOT SA 7.375% 06/03/2018
RALLYE 7.625% 04/11/2016
RALLYE 8.375% 20/01/2015
REMY COINTREAU SA 5.18% 15/12/2016
RENAULT SA 4.625% 25/05/2016
RENAULT SA 5.625% 22/03/2017
STE DES CIMENTS FRAN 4.75% 04/04/2017
WENDEL INVESTISSEMEN 4.375% 09/08/2017
WENDEL INVESTISSEMEN 4.875% 21/09/2015
WENDEL INVESTISSEMEN 4.875% 26/05/2016
WENDEL INVESTISSEMEN 6.75% 20/04/2018
Germany
DEUTSCHE LUFTHANSA A 6.50% 07/07/2016
FRANZ HANIEL UND CIE GMBH VAR 01/02/2017
GROHE HOLDINGS GMBH VAR 15/12/2017
KABEL DEUTSCHLAND HOLDING AG 6.50%
31/07/2017
300,000 SGL CARBON SE FRN 15/05/2015
7,800,000 STYROLUTION GP GMBH 7.625% 15/05/2016
Hungary
5,400,000 MAGYAR OLAJ-ES GAZIPARE RESZ 3.875%
05/10/2015
1,200,000 MAGYAR OLAJ-ES GAZIPARE RESZ 5.875%
20/04/2017
335,691,737
89.65
1,167,375
0.31
335,691,737
1,167,375
659,375
659,375
69,847,608
1,256,881
3,958,262
1,150,455
2,155,000
639,000
229,150
8,813,400
1,381,250
3,548,250
684,125
6,620,700
2,099,690
527,500
419,982
3,589,423
1,898,050
1,370,016
535,685
2,780,850
2,868,664
6,813,304
1,696,147
1,926,252
1,693,952
10,036,380
1,155,240
19,326,435
2,988,193
5,866,640
266,578
1,720,064
299,640
8,185,320
6,795,300
5,521,500
1,273,800
89.65
0.31
0.18
0.18
18.65
0.34
1.06
0.31
0.58
0.17
0.06
2.35
0.37
0.95
0.18
1.77
0.56
0.14
0.11
0.96
0.51
0.37
0.14
0.74
0.77
1.82
0.45
0.51
0.45
2.67
0.31
5.16
0.80
1.57
0.07
0.46
0.08
2.18
1.81
1.47
0.34
1,400,000
1,350,000
8,700,000
300,000
6,050,000
11,700,000
3,200,000
6,900,000
1,100,000
Ireland
12,436,153
3.32
Italy
31,492,046
8.41
AG SPRING FINANCE LIMITED 7.50% 01/06/2018
ALLIED IRISH BANKS PLC 2.875% 28/11/2016
ARDAGH GLASS FINANCE PLC 7.375% 15/10/2017
ARDAGH GLASS FINANCE PLC 9.25% 01/07/2016
BUZZI UNICEM 5.125% 09/12/2016
GTECH SPA VAR PERPETUAL
TELECOM ITALIA SPA 4.50% 20/09/2017
TELECOM ITALIA SPA 7.00% 20/01/2017
TELECOM ITALIA SPA 8.25% 21/03/2016
Jersey
1,050,000 ASTON MARTIN CAPITAL LTD 9.25% 15/07/2018
Luxembourg
7,400,000 ARCELORMITTAL SA VAR 03/06/2016
2,100,000 ARCELORMITTAL SA VAR 17/11/2017
1,100,000 BORMIOLI ROCCO HOLDINGS SA 10.00%
01/08/2018
735,000 CALCIPAR FRN 01/07/2014
3,400,000 CLARIANT FINANCE 5.625% 24/01/2017
6,900,000 FIAT FINANCE AND TRADE LTD 5.25% 11/03/2015
3,100,000 FIAT FINANCE AND TRADE LTD 6.375% 01/04/2016
2,800,000 FIAT FINANCE AND TRADE LTD 6.875% 13/02/2015
3,050,000 FIAT FINANCE AND TRADE LTD 7.00% 23/03/2017
3,000,000 FIAT FINANCE AND TRADE LTD 7.75% 17/10/2016
3,000,000 FIAT INDUSTRIAL FINANCIAL EUROPE 6.25%
09/03/2018
1,100,000 FINDUS BONDCO S.A. 9.125% 01/07/2018
7,400,000 FMC FINANCE III 5.50% 15/07/2016
1,600,000 FMC FINANCE III 6.50% 15/09/2018
1,500,000 INEOS GROUP HOLDINGS SA 7.875% 15/02/2016
1,100,000 ZINC CAPITAL SA 8.875% 15/05/2018
700,000
750,000
1,450,000
2,750,000
1,100,000
5,100,000
1,250,000
2,100,000
9,400,000
3,050,000
6,300,000
400,000
900,000
EUR
% of NaV
1,100,000 SAPPI PAPIER HOLDING AG 6.625% 15/04/2018
95.21
Market Value
Austria
356,516,176
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Netherlands
CONTI-GUMMI FINANCE BV 2.50% 20/03/2017
EDP FINANCE BV 3.75% 22/06/2015
EDP FINANCE BV 4.625% 13/06/2016
EDP FINANCE BV 4.75% 26/09/2016
EDP FINANCE BV 5.75% 21/09/2017
EDP FINANCE BV 5.875% 01/02/2016
GMAC INTERNATIONAL FINANCE BV 7.50%
21/04/2015
HEIDELBERG INTERNATIONAL FIN 4.00%
08/03/2016
HEIDELBERGER ZEMENT FINANCE BV 8.00%
31/01/2017
PHOENIX PIB FINANCE 9.625% 15/07/2014
PORTUGAL TELECOM INTL FINANCE BV 5.625%
08/02/2016
PORTUGAL TELECOM INTL FINANCE BV 5.875%
17/04/2018
REFRESCO GROUP BV 7.375% 15/05/2018
1,456,000
1,344,843
9,320,310
315,000
6,463,282
12,724,920
3,349,414
7,717,678
1,236,752
1,369,291
1,369,291
0.39
0.36
2.49
0.08
1.73
3.40
0.89
2.06
0.33
0.37
0.37
53,822,969
14.37
730,590
3,780,542
7,188,323
3,307,452
2,933,952
3,326,574
3,327,336
3,401,250
0.20
1.01
1.92
0.88
0.78
0.89
0.89
0.91
8,859,457
2,336,250
1,202,025
1,210,000
8,124,904
1,880,000
1,018,064
1,196,250
2.37
0.62
0.32
0.32
2.17
0.50
0.27
0.32
65,454,908
17.48
2,202,199
0.59
725,046
768,785
1,525,841
2,906,805
1,207,316
5,469,750
1,335,938
10,986,720
3,192,008
6,724,620
437,240
962,010
0.19
0.21
0.41
0.78
0.32
1.46
0.36
2.93
0.85
1.80
0.12
0.26
The accompanying notes form an integral part of these financial statements
79
Bond Euro High Yield Short Term
Securities Portfolio as at 31/12/13
South Africa
600,000 FOODCORP LTD 8.75% 01/03/2018
5,600,000
6,300,000
650,000
8,900,000
800,000
1,100,000
900,000
1,000,000
900,000
6,050,000
900,000
100,000
1,000,000
6,350,000
6,000,000
400,000
2,100,000
8,750,000
1,100,000
6,329,183
12,059,821
1.69
3.21
2,941,834
0.79
591,300
0.16
8,621,626
1,468,628
1,473,206
591,300
2.30
0.39
0.40
0.16
Spain
23,936,085
United Kingdom
40,805,125
10.90
5,045,933
1.35
ABENGOA SA VAR 25/02/2015
ABENGOA SA 8.50% 31/03/2016
CAMPOFRIO ALIMENTACI 8.25% 31/10/2016
OBRASCON HUARTE LAIN SA 7.375% 28/04/2015
TELEFONICA SA 4.75% 07/02/2017
BOPARAN HOLDINGS LTD 9.875% 30/04/2018
BRITISH AIRWAYS PLC 8.75% 23/08/2016
CARE UK PLC 9.75% 01/08/2017
DFS FURNITURE HOLDINGS PLC 7.625% 15/08/2018
ECO BAT FINANCE PLC 7.75% 15/02/2017
HOUSE OF FRASER 8.875% 15/08/2018
ITV PLC 7.375% 05/01/2017
MATALAN FINANCE LTD 8.875% 29/04/2016
OTE PLC 4.625% 20/05/2016
OTE PLC 7.25% 12/02/2015
OTE PLC 7.875% 07/02/2018
THOMAS COOK GROUP VAR 22/06/2017
THOMAS COOK GROUP 6.75% 22/06/2015
WILLIAM HILL PLC 7.125% 11/11/2016
United States of America
1,000,000 CEMEX FINANCE LLC 9.625% 14/12/2017
700,000 CHESAPEAKE ENERGY CORP 6.25% 15/01/2017
3,100,000 FRESENIUS 8.75% 15/07/2015
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
0.01 AMUNDI TRESO COURT TERME PART I C
19 AMUNDI TRESO 3 MOIS I C
Money market instrument
Bonds
France
1,150,000 FRANCE BTF 0% 03/04/2014
Total securities portfolio
The accompanying notes form an integral part of these financial statements
80
EUR
% of NaV
Portugal
1,400,000 BANCO ESPIRITO SANTO 5.875% 09/11/2015
1,400,000 CAIXA GERAL DE DEPOSITOS 5.625% 04/12/2015
Market Value
Quantity
5,470,000 SCHAEFFLER FINANCE BV 7.75% 15/02/2017
11,700,000 SUEDZUCKER INTERNATIONAL FIN 5.25%
PERPETUAL
7,650,000 THYSSENKRUPP FINANCE NEDERLAND 8.50%
25/02/2016
6,020,000
6,831,090
682,500
9,528,340
874,155
1,447,849
1,222,356
1,271,034
1,155,353
6,322,250
1,181,791
133,769
1,237,981
6,572,250
6,304,500
456,060
2,739,844
9,264,062
1,496,026
806,748
763,000
3,476,185
19,674,590
19,674,590
19,674,590
188
19,674,402
1,149,849
1,149,849
1,149,849
1,149,849
356,516,176
6.39
1.61
1.82
0.18
2.55
0.23
0.39
0.33
0.34
0.31
1.69
0.32
0.04
0.33
1.76
1.68
0.12
0.73
2.46
0.40
0.22
0.20
0.93
5.25
5.25
5.25
0.00
5.25
0.31
0.31
0.31
0.31
95.21
Bond Global Corporate
Securities Portfolio as at 31/12/13
Belgium
1,000,000 AHNEUSER-BUSH INBEV 4.00% 24/09/2025
Canada
1,000,000 BARRICK GOLD CORP 4.10% 01/05/2023
France
2,000,000 AXA SA VAR PERPETUAL
3,000,000 AXA SA VAR 16/04/2040
2,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL 2.50%
29/10/2018
2,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL 3.00%
28/11/2023
2,500,000 BPCE SA 5.70% 22/10/2023
2,000,000 BPCE SA 9.25% PERPETUAL
2,000,000 CNP ASSURANCES VAR PERPETUAL
1,400,000 CNP ASSURANCES VAR PERPETUAL
3,500,000 CREDIT AGRICOLE SA VAR PERPETUAL
3,100,000 CREDIT AGRICOLE SA VAR 19/09/2033
500,000 CREDIT AGRICOLE SA VAR PERPETUAL
700,000 CREDIT LOGEMENT SA VAR PERPETUAL
1,500,000 CSE NAT.CSES EPAR.PREVOYANCE VAR
PERPETUAL
2,500,000 DEXIA CREDIT LOCAL DE FRANCE 5.375%
21/07/2014
2,500,000 EDF ELECTRICITE DE FRANCE VAR PERPETUAL
1,500,000 GDF SUEZ VAR PERPETUAL
3,000,000 NATIXIS BANQUES POPULAIRES VAR PERPETUAL
4,000,000 SOCIETE GENERALE VAR PERPETUAL
1,400,000 SOCIETE GENERALE VAR PERPETUAL
1,500,000 SOCIETE GENERALE 4.00% 07/06/2023
1,600,000 SOLVAY FINANCE SA VAR PERPETUAL
2,500,000 SUEZ VAR PERPETUAL
1,500,000 WPP FINANCE SA 6.375% 06/11/2020
Germany
1,500,000 ALLIANZ SE VAR PERPETUAL
700,000 COMMERZBANK AG 8.125% 19/09/2023
1,600,000 ENBW ENERGIE BADEN-WUERTTEMBER VAR
PERPETUAL
500,000 RWE AG VAR PERPETUAL
1,500,000 RWE AG VAR PERPETUAL
3,100,000 TELEFONICA DEUTSCHLAND HOLDING AG 1.875%
22/11/2018
Ireland
1,000,000 ALLIED IRISH BANKS PLC 2.875% 28/11/2016
319,913,443
95.10
4,076,927
1.21
312,816,903
4,076,927
1,650,824
1,650,824
908,450
908,450
92.99
1.21
0.49
0.49
0.27
0.27
63,844,062
18.98
2,791,727
0.83
2,887,880
4,424,666
1,981,120
2,589,350
2,921,254
2,782,219
1,479,982
5,823,329
3,431,886
869,500
786,458
2,183,396
3,522,006
2,482,950
2,138,916
4,321,940
4,198,000
1,411,410
2,071,700
2,264,159
3,568,856
2,911,358
12,137,265
2,120,500
775,005
2,465,671
879,660
1,645,245
4,251,184
7,092,493
1,372,686
0.86
1.31
0.59
0.77
0.87
0.83
0.44
1.72
1.02
0.26
0.23
0.65
1.05
0.74
0.64
1.28
1.25
0.42
0.62
0.67
1.06
0.87
3.61
0.63
0.23
0.73
0.26
0.49
1.27
2.11
0.41
1,000,000 CLOVERLIE PLC VAR 01/09/2042
1,500,000 GPB EUROBOND FINANCE PLC 3.984% 30/10/2018
1,300,000 NARA CABLE FUNDING LTD 8.875% 01/12/2018
3,500,000
1,100,000
1,500,000
2,600,000
3,300,000
5,000,000
2,400,000
2,000,000
Italy
ASSICURAZIONI GENERA VAR 12/12/2042
ATLANTIA SPA 2.875% 26/02/2021
ENEL SPA VAR PERPETUAL
ENEL SPA VAR PERPETUAL
INTESA SANPAOLO SPA FRN 11/01/2016
INTESA SANPAOLO SPA 3.875% 16/01/2018
UNICREDIT SPA 2.25% 16/12/2016
UNICREDIT SPA 3.625% 24/01/2019
Luxembourg
USD
% of NaV
3,000,000 UNICREDIT BANK AUSTRIA AG 2.50% 27/05/2019
95.12
Market Value
Austria
319,989,109
Quantity
Bonds
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1,664,426
2,113,431
1,941,950
0.49
0.63
0.58
5,540,221
1,516,351
2,219,361
2,827,136
4,550,191
5,119,900
3,335,451
2,844,083
1.65
0.45
0.66
0.84
1.35
1.52
0.99
0.85
27,952,694
5,116,405
8.31
1.52
2,300,000 FINMECCANICA FINANCE SA 4.50% 19/01/2021
2,000,000 SCHLUMBERGER INVESTMENT SA 3.65%
01/12/2023
3,135,925
1,980,480
0.93
0.59
4,000,000 AMERICA MOVIL SAB DE CV VAR PERPETUAL
2,400,000 PETROLEOS MEXICANOS SA 3.125% 27/11/2020
9,086,202
5,746,051
3,340,151
2.70
18,610,465
5.53
Mexico
2,000,000
1,500,000
5,000,000
1,000,000
Netherlands
ABN AMRO BANK NV VAR PERPETUAL
ING BANK NV VAR 16/09/2020
ING BANK NV 5.80% 25/09/2023
REPSOL INTERNATIONAL FINANCE BV 4.875%
19/02/2019
1,500,000 SHELL INTERNATIONAL FINANCE BV 4.55%
12/08/2043
1,600,000 TELEFONICA EUROPE BV VAR PERPETUAL
2,000,000 VOLKSWAGEN INTERNATIONAL FINANCE NV VAR
PERPETUAL
Portugal
1,900,000 CAIXA GERAL DE DEPOSITOS 3.75% 18/01/2018
1,900,000 GALP ENERGIA SGPS SA 4.125% 25/01/2019
1,000,000 REDE FERROVIARIA NACIONAL REFE 4.25%
13/12/2021
Spain
4,000,000 BBVA US SENIOR SA UNIPERSONAL 4.664%
09/10/2015
1,500,000 CAIXABANK SA 3.00% 22/03/2018
2,000,000 FERROVIAL EMISIONES 3.375% 07/06/2021
1,800,000 SANTANDER INTERNATIONAL DEBT SA 4.625%
21/03/2016
2,500,000 SANTANDER ISSUANCES SA VAR 27/07/2019
2,000,000 TELEFONICA EMISIONES SAU 5.462% 16/02/2021
Switzerland
900,000 CREDIT SUISSE GROUP VAR PERPETUAL
United Kingdom
2,000,000 AVIVA PLC VAR 05/07/2043
2,740,743
2,088,359
5,215,100
1,536,039
1,471,815
2,696,489
2,861,920
1.71
0.99
0.81
0.62
1.55
0.46
0.44
0.80
0.85
6,473,407
1.92
18,136,374
5.39
2,147,948
2,760,337
2,647,666
0.64
0.82
0.79
2,700,157
2,664,000
1,109,250
4,205,080
4,265,063
2,110,280
951,372
951,372
39,119,694
3,064,643
0.80
0.79
0.33
1.25
1.26
0.63
0.28
0.28
11.63
0.91
The accompanying notes form an integral part of these financial statements
81
Bond Global Corporate
Securities Portfolio as at 31/12/13
1,382,263
0.41
1,955,116
1,485,555
3,296,820
7,197,736
4,511,690
2,183,388
3,021,360
3,437,720
97,660,269
2,017,500
1,381,605
1,272,420
4,838,498
1,994,583
1,798,267
3,266,910
2,256,800
2,484,690
1,154,004
1,516,050
1,237,444
1,859,940
2,117,980
2,628,975
956,190
1,102,288
2,472,312
3,034,976
3,039,054
3,017,490
2,436,824
2,030,000
2,424,563
1,392,157
1,497,046
4,487,800
1,821,456
2,353,520
1,391,910
4,828,700
1,606,496
3,345,780
1,018,798
0.58
0.44
0.98
2.14
1.34
0.65
0.90
1.02
29.04
2,500,000
2,000,000
2,500,000
2,000,000
1,000,000
1,500,000
3,000,000
500,000
3,000,000
2,500,000
ONCOR ELECTRIC DELIVERY CO 5.30% 01/06/2042
ORACLE CORP 3.625% 15/07/2023
SEMPRA ENERGY CORP 4.05% 01/12/2023
SIMON PROPERTY GROUP LP 2.375% 02/10/2020
TIME WARNER CABLE INC 5.85% 01/05/2017
TIME WARNER INC 4.90% 15/06/2042
VERIZON COMMUNICATIONS INC 2.45% 01/11/2022
VERIZON COMMUNICATIONS INC 2.50% 15/09/2016
VERIZON COMMUNICATIONS INC 6.55% 15/09/2043
WELLS FARGO AND CO 5.375% 02/11/2043
2,602,500
1,981,240
2,467,975
2,753,833
1,101,480
1,419,060
2,668,560
517,180
3,510,690
2,554,725
0.77
0.59
0.73
0.82
0.33
0.42
0.79
0.15
1.05
0.76
France
2,263,109
0.67
Convertible bonds
80,000 AIR FRANCE - KLM 4.97% 01/04/2015 CV DIRTY
5,000 GECINA 2.125% 01/01/2016 CV
Italy
1,500,000 ENI SPA 0.625% 18/01/2016 CV
Luxembourg
0.60
400,000 GVM DEBT LUX SA 5.75% 14/02/2018 CV
0.41
400,000 TELECOM ITALIA FINANCE SA 6.125% 15/11/2016 CV
0.38
1.45
Spain
0.59
1,000,000 ABENGOA SA 6.25% 17/01/2019 CV
0.53
0.98 Derivative instruments
0.67
Options
0.74
Luxembourg
0.34
0.45
20,000,000 CDS-00008198 - 0.75 - 19.02.14 CALL
0.37
Total securities portfolio
0.55
0.63
0.78
0.28
0.33
0.73
0.90
0.90
0.90
0.72
0.60
0.72
0.41
0.45
1.34
0.54
0.70
0.41
1.45
0.48
1.00
0.30
USD
% of NaV
82
0.30
1.16
0.80
Market Value
The accompanying notes form an integral part of these financial statements
993,502
3,910,174
2,679,727
Quantity
3,007,000
3,000,000
2,600,000
2,000,000
2,500,000
1,000,000
1,000,000
4,000,000
1,800,000
2,600,000
1,500,000
5,000,000
1,600,000
3,000,000
1,100,000
ALLSTATE CORP VAR PERPETUAL
ALTRIA GROUP INC 2.85% 09/08/2022
ALTRIA GROUP INC 4.25% 09/08/2042
BANK OF AMERICA CORP VAR 06/05/2019
BANK OF AMERICA CORP VAR 28/03/2018
BANK OF AMERICA CORP 2.50% 27/07/2020
BANK OF AMERICA CORP 5.00% 13/05/2021
BANK OF AMERICA CORP 6.50% 01/08/2016
BRISTOL MYERS SQUIBB CO 3.25% 01/11/2023
CHEVRON CORP 3.191% 24/06/2023
CITIGROUP INC 1.70% 25/07/2016
CITIGROUP INC 3.375% 01/03/2023
CITIGROUP INC 3.50% 15/05/2023
CITIGROUP INC 4.50% 14/01/2022
CITIGROUP INC 5.50% 13/09/2025
COMCAST CORP 3.125% 15/07/2022
CVS CAREMARK CORP 1.20% 05/12/2016
CVS CAREMARK CORP 5.30% 05/12/2043
ENTERPRISE PRODUCTS OPERATING LLC 3.35%
15/03/2023
EXELON GENERATION 6.25% 01/10/2039
FORD MOTOR CREDIT CO 4.375% 06/08/2023
GENERAL ELECTRIC CO 2.70% 09/10/2022
GENERAL MOTORS COMPANY 4.875% 02/10/2023
GLENCORE FUNDING LLC 2.50% 15/01/2019
GOLDMAN SACHS GROUP INC 3.25% 01/02/2023
GOLDMAN SACHS GROUP 4.375% 16/03/2017
GOLDMAN SACHS GROUP 5.75% 24/01/2022
HOME DEPOT INC 4.875% 15/02/2044
KIMBERLY CLARK CORP 2.40% 01/06/2023
KINDER MORGAN ENERGY 3.45% 15/02/2023
MORGAN STANLEY GROUP INC 4.10% 22/05/2023
MORGAN STANLEY 5.00% 24/11/2025
MORGAN STANLEY 5.50% 28/07/2021
NBCUNIVERSAL MEDIA LLC 2.875% 15/01/2023
USD
% of NaV
2,000,000
1,500,000
1,500,000
3,500,000
1,500,000
1,300,000
3,000,000
2,000,000
2,600,000
1,200,000
1,500,000
1,300,000
2,000,000
2,000,000
2,500,000
1,000,000
1,100,000
2,400,000
3,200,000
United States of America
Market Value
Quantity
700,000 BARCLAYS BANK PLC LONDON VAR PERPETUAL
2,500,000 BARCLAYS BANK PLC LONDON 6.00% 14/01/2021
2,000,000 BAT INTERNATIONAL FINANCE PLC 2.75%
25/03/2025
1,000,000 BRITISH TELECOMMUNICATIONS PLC VAR
07/12/2016
1,000,000 CLERICAL MEDICAL FINANCE PLC VAR
PERPETUAL
1,500,000 IMPERIAL TOBACCO FINANCE PLC 2.05%
11/02/2018
1,500,000 IMPERIAL TOBACCO FINANCE PLC 9.00%
17/02/2022
4,500,000 LLOYDS TSB BANK PLC 6.50% 24/03/2020
2,700,000 PRUDENTIAL PLC VAR PERPETUAL
1,200,000 REED ELSEVIER PLC 5.625% 20/10/2016
3,000,000 ROYAL BANK OF SCOTLAND 6.00% 19/12/2023
2,000,000 SCOTTISH AND SOUTHERN ENERGY PLC 5.453%
PERPETUAL
7,096,540
2.11
1,362,380
900,729
0.40
0.27
2,184,471
0.65
2,184,471
1,236,120
655,430
580,690
1,412,840
1,412,840
75,666
75,666
0.65
0.37
0.20
0.17
0.42
0.42
0.02
0.02
75,666
0.02
319,989,109
95.12
75,666
0.02
Bond US Opportunistic Core Plus
Securities Portfolio as at 31/12/13
Beverages
650,000 ANHEUSER BUSCH INBEV WORLDWIDE 2.50%
15/07/2022
Electricity
889,000 CALPINE CORP 7.50% 15/02/2021
75,000 CENTERPOINT ENERGY HOUSTON ELECTRIC
6.15% 01/05/2016
600,000 CLECO POWER LLC 6.00% 01/12/2040
50,000 ENTERGY CORP 3.60% 01/06/2015
125,000 EXELON GENERATION 5.75% 01/10/2041
500,000 FIRSTENERGY CORP 7.375% 15/11/2031
108,135,531
43.33
385,321
0.15
18,022,475
247,911
27,362
965,161
85,453
264,480
338,544
158,872
38,558
505,515
779,493
757,012
986,705
202,723
564,375
128,303
87,337
2,163,028
1,507,149
430,412
57,407
852,095
419,222
485,860
1,227,625
1,200,000
801,565
194,202
830,662
496,225
138,723
223,991
30,395
440,789
602,367
602,367
7.23
0.10
0.01
0.39
0.03
0.11
0.14
0.06
0.02
0.20
0.31
0.30
0.40
0.08
0.23
0.05
0.03
0.88
0.61
0.17
0.02
0.34
0.17
0.19
0.49
0.48
0.32
0.08
0.33
0.20
0.06
0.09
0.01
0.18
0.24
0.24
6,159,326
2.47
658,000
51,667
120,139
544,679
0.26
0.02
0.05
0.22
974,567
82,875
0.39
0.03
USD
% of NaV
375,000 ABBEY NATIONAL TREASURY SERVICES 3.875%
10/11/2014
250,000 BANK OF AMERICA CORP FRN 15/06/2016
25,000 BANK OF AMERICA CORP 5.00% 13/05/2021
875,000 BANK OF AMERICA CORP 5.30% 15/03/2017
75,000 BANK OF AMERICA CORP 5.65% 01/05/2018
240,000 BANK OF AMERICA CORP 6.00% 15/06/2016
300,000 BANK OF AMERICA CORP 6.10% 15/06/2017
155,000 BANK OF AMERICA CORP 7.375% 15/05/2014
35,000 BARCLAYS BANK PLC LONDON 5.00% 22/09/2016
500,000 CITIGROUP INC FRN 25/07/2016
1,000,000 CITIGROUP INC FRN 25/08/2036
700,000 CITIGROUP INC 5.30% 07/01/2016
865,000 CITIGROUP INC 6.00% 15/08/2017
175,000 CITIGROUP INC 6.125% 15/05/2018
500,000 CITIGROUP INC 6.625% 01/04/2018
100,000 CITIGROUP INC 8.50% 22/05/2019
75,000 DISCOVER BANK NEW 7.00% 15/04/2020
2,270,000 FEDERAL HOME LOAN BANKS VAR 26/05/2028
1,500,000 GOLDMAN SACHS GROUP INC 2.375% 22/01/2018
375,000 GOLDMAN SACHS GROUP INC 6.15% 01/04/2018
50,000 GOLDMAN SACHS GROUP 6.00% 15/06/2020
750,000 HBOS PLC 6.75% 21/05/2018
400,000 HSBC BANK PLC 3.10% 24/05/2016
450,000 JP MORGAN CHASE AND CO 4.625% 10/05/2021
1,525,000 JP MORGAN CHASE CAP XIII FRN 30/09/2034
1,600,000 JP MORGAN CHASE CAPITAL XXII FRN 02/02/2037
700,000 JP MORGAN INTERNATIONAL DERIVATIVES
(JERSEY) LTD 6.00% 01/10/2017
175,000 JPMORGAN CHASE BANK NA 5.875% 13/06/2016
750,000 MACQUARIE BANK 6.625% 07/04/2021
500,000 MORGAN STANLEY FRN 18/10/2016
125,000 MORGAN STANLEY 5.45% 09/01/2017
200,000 MORGAN STANLEY 5.50% 24/07/2020
25,000 MORGAN STANLEY 7.30% 13/05/2019
425,000 NATIONAL AUSTRALIA BANK LTD 2.75% 09/03/2017
260,952,960 104.56
Market Value
Banks
USD
267,664,163 107.25
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1,000,000 METROPOLITAN EDISON CO 3.50% 15/03/2023
1,000,000 MIRANT AMERICAS GENERATION 8.50% 01/10/2021
100,000 NISOURCE FINANCE CORPORATION 6.80%
15/01/2019
1,070,000 PNM RESOURCES INC 9.25% 15/05/2015
355,000 PUBLIC SERVICE CO OF NEW MEXICO 7.95%
15/05/2018
935,294
1,057,500
116,505
0.37
0.42
0.05
1,500,000
350,000
1,975,000
150,000
50,000
200,000
125,000
250,000
2,500,000
130,000
1,500,000
5,421,881
1,358,845
289,611
1,877,432
162,806
57,333
217,681
127,500
259,375
442,269
141,541
487,488
2.17
259,427
0.10
Financial Services
GENERAL ELECTRIC CAP CORP FRN 05/05/2026
GENERAL ELECTRIC CAP CORP FRN 15/08/2036
GENERAL ELECTRIC CAP CORP 3.10% 09/01/2023
GENERAL ELECTRIC CAP CORP 4.375% 16/09/2020
GENERAL ELECTRIC CAP CORP 5.50% 08/01/2020
HEALTHCARE REALTY TRUST INC 5.75% 15/01/2021
INTL LEASE FINANCE CORP 5.65% 01/06/2014
INTL LEASE FINANCE CORP 6.50% 01/09/2014
MERRILL LYNCH WORLD MINING FRN 25/04/2037
MIRANT CORP 10.06% 30/12/2028
RESIDENTIAL ASSET MORTGAGE 6.00% 25/04/2037
Fixed Line Telecommunications
80,000 TELECOMITALIA FINANCE 7.175% 18/06/2019
150,000 VERIZON COMMUNICATIONS INC 5.50% 01/04/2017
Food Producers
12,000 KRAFT FOODS INC 5.375% 10/02/2020
13,000 KRAFT FOODS INC 5.375% 10/02/2020
Gas, Water and Multiutilities
700,000 FLORIDA GAS TRANSMISSION 3.875% 15/07/2022
650,000 ONCOR ELECTRIC DELIVERY CO 5.25% 30/09/2040
1,935,000 SABINE PASS LNG 7.50% 30/11/2016
General Retailers
150,000 WAL MART STORES INC 5.80% 15/02/2018
Governments
1,000,000 HOUSTON TEXAS 6.29% 01/03/2032
500,000 NEW YORK CITY 5.968% 01/03/2036
100,000 NORTH TEXAS TOLLWAY AUTHORITY 6.718%
PERPETUAL
300,000 STATE OF CALIFORNIA 5.70% 01/11/2021
150,000 STATE OF CALIFORNIA 5.75% 01/03/2017
330,000 STATE OF CALIFORNIA 6.20% 01/03/2019
770,000 STATE OF CALIFORNIA 6.65% 01/03/2022
325,000 STATE OF ILLINOIS 4.35% 01/06/2018
25,000 STATE OF ILLINOIS 4.421% 01/01/2015
650,000 STATE OF ILLINOIS 4.95% 01/06/2023
1,100,000 STATE OF ILLINOIS 6.20% 01/07/2021
11,955,000 USA T-BONDS 1.25% 30/11/2018
9,050,000 USA T-BONDS 2.75% 15/11/2023
3,020,000 USA T-BONDS 3.75% 15/11/2043
2,900,000 USA T-BONDSI 0.125% 15/04/2016
8,755,000 USA T-BONDSI 0.125% 15/04/2018
2,395,000 USA T-BONDSI 0.50% 15/04/2015
1,195,725
422,375
90,200
169,227
28,256
13,571
14,685
3,557,440
689,384
671,831
2,196,225
173,500
173,500
0.49
0.17
0.54
0.12
0.74
0.07
0.02
0.09
0.05
0.10
0.18
0.06
0.20
0.04
0.06
0.01
0.01
0.00
1.43
0.28
0.27
0.88
0.07
0.07
46,602,735
18.68
336,753
169,755
383,209
902,894
338,302
25,776
646,640
1,213,751
11,700,025
8,854,149
2,919,491
3,153,022
9,026,521
2,639,841
0.13
0.07
0.15
0.36
0.14
0.01
0.26
0.49
4.69
3.55
1.17
1.26
3.62
1.06
1,131,840
556,010
119,303
0.45
0.22
0.05
The accompanying notes form an integral part of these financial statements
83
Bond US Opportunistic Core Plus
Securities Portfolio as at 31/12/13
Industrial Metals and Mining
75,000 ARCELORMITTAL SA 7.50% 15/10/2039
1,000,000 SOUTHERN COPPER CORP 5.25% 08/11/2042
55,000 SOUTHERN COPPER CORP 7.50% 27/07/2035
Industrial Transportation
375,000 AUTOPISTAS METROPOLITANAS DE PUERTO RICO
6.75% 30/06/2035
1,495,000 SYDNEY AIRPORT FINANCE CO.LTD 5.125%
22/02/2021
Leisure Goods
50,000 CCO HOLD.LLC/ CCO HOLD.CAPITAL 7.00%
15/01/2019
500,000 CCO HOLD.LLC/ CCO HOLD.CAPITAL 8.125%
30/04/2020
0.31
0.28
0.59
59,250
0.02
947,903
0.38
59,250
74,062
815,977
57,864
1,930,856
349,608
1,581,248
0.02
0.03
0.33
0.02
0.77
0.14
0.63
597,813
0.24
545,000
0.22
52,813
0.02
Life Insurance
254,097
0.10
Media
160,490
0.06
200,000 PRUDENTIAL HOLDINGS LLC 8.695% 18/12/2023
125,000 NBC UNIVERSAL 4.375% 01/04/2021
25,000 NBC UNIVERSAL 5.15% 30/04/2020
Mining
460,000 ARCH COAL INC 7.00% 15/06/2019
350,000 BARRICK GOLD CORP 4.10% 01/05/2023
Mobile Telecommunications
110,000 INTELSAT JACKSON 7.25% 15/10/2020
Nonlife Insurance
250,000 BERKSHIRE HATHAWAY FINANCE CORP 4.40%
15/05/2042
200,000 BERKSHIRE HATHAWAY I 3.75% 15/08/2021
75,000 METLIFE INC 6.817% 15/08/2018
1,000,000 METRO LIFE GLOBAL FRN 15/07/2016
1,000,000 METROPOLITAN LIFE INSURANCE 3.875%
11/04/2022
1,300,000 NATIONWIDE MUTUAL INSURANCE VAR 15/12/2024
Oil and Gas Producers
1,750,000 PETROBRAS GLOBAL FINANCE BV FRN 20/05/2016
75,000 VALERO ENERGY CORP 6.125% 01/02/2020
The accompanying notes form an integral part of these financial statements
84
770,325
698,625
1,468,950
254,097
132,508
27,982
684,959
368,000
316,959
120,863
120,863
3,863,316
229,509
206,547
89,824
1,006,170
1,010,141
1,321,125
1,829,503
1,743,726
85,777
0.10
0.05
0.01
0.27
0.14
0.13
0.05
0.05
1.55
0.09
0.08
0.04
0.40
0.40
0.54
0.73
0.70
0.03
Oil Equipment, Services and Distribution
600,000 CENTERPOINT ENERGY RESOURCES 6.25%
01/02/2037
500,000 ENERGY TRANSFER PARTNERS LP FRN PERPETUAL
75,000 PANHANDLE EASTN PIPELINE CO 7.00% 15/06/2018
100,000 PANHANDLE EASTN PIPELINE CO 8.125%
01/06/2019
1,000,000 RUBY PIPELINE LLC 6.00% 01/04/2022
200,000 SOUTHERN NATURAL GAS CO 7.35% 15/02/2031
100,000 TENNESSEE GAS PIPELINE CO 8.00% 01/02/2016
1,000,000 TENNESSEE GAS PIPELINE CO. 8.375% 15/06/2032
24,000 WILLIAMS COMPANIES INC 7.875% 01/09/2021
Pharmaceuticals and Biotechnology
150,000 GLAXOSMITHKLINE CAPITAL INC 4.375% 15/04/2014
Real Estate Investment and Services
180,000 POST APARTMENT HOMES 4.75% 15/10/2017
1,140,000
705,000
500,000
175,000
200,000
85,000
750,000
50,000
50,000
1,255,000
400,000
25,000
25,000
400,000
Real Estate Investment Trusts
HEALTH CARE PROPERTY 2.625% 01/02/2020
HEALTH CARE PROPERTY 3.75% 01/02/2019
HEALTH CARE PROPERTY 5.375% 01/02/2021
HEALTH CARE PROPERTY 5.625% 01/05/2017
HEALTH CARE PROPERTY 6.00% 30/01/2017
HEALTH CARE PROPERTY 6.30% 15/09/2016
HEALTH CARE REIT INC 2.25% 15/03/2018
HEALTH CARE REIT INC 6.50% 17/01/2017
LIBERTY PROPERTY TRU 5.125% 02/03/2015
SL GREEN REALTY CORP 5.00% 15/08/2018
UDR INC 4.25% 01/06/2018
UDR INC 5.13% 15/01/2014
UDR INC 5.25% 15/01/2015
VENTAS REALTY LP/VENTAS CAPL 4.00%
30/04/2019
300,000 VENTAS REALTY LP/VENTAS CAPL 4.75%
01/06/2021
400,000 WEA FINANCE LLC 5.70% 01/10/2016
650,000
1,490,000
25,000
350,000
100,000
1,990,000
750,000
810,000
Travel, Leisure and Catering
CONTINENTAL AIRLINES 6.25% 11/04/2020
CONTINENTAL AIRLINES 7.256% 15/03/2020
CONTINENTAL AIRLINES 7.707% 02/04/2021
CONTINENTAL AIRLINES 8.048% 01/11/2020
DELTA AIR LINES INC 6.20% 02/07/2018
DELTA AIR LINES INC 6.718% 02/01/2023
US AIRWAYS GROUP INC 5.90% 01/10/2024
US AIRWAYS INC 4.625% 03/06/2025
Convertible bonds
Technology Hardware and Equipment
7,000 SYNAPTICS INC 0.75% 01/12/2024 CV
USD
% of NaV
50,000 CASE NEW HOLLAND INC 7.875% 01/12/2017
1.00
Market Value
Industrial Engineering
2,485,453
Quantity
900,000 BARBABAS HEALTH SYSTEMS 4.00% 01/07/2028
675,000 CHS COMMUNITY HEALTH SYSTEM 5.125%
15/08/2018
USD
% of NaV
Health Care Equipment and Services
Market Value
Quantity
2,070,000 USA T-BONDSI 2.125% 15/02/2041
4,060,888
1.63
457,500
86,863
120,097
0.18
0.03
0.05
151,686
0.06
669,358
1,051,430
239,324
113,604
1,294,997
27,715
151,686
194,790
194,790
6,729,089
1,088,144
733,079
545,071
195,253
224,306
95,779
742,227
56,112
52,286
1,339,361
423,542
25,035
26,047
420,797
315,214
0.27
0.42
0.10
0.05
0.52
0.01
0.06
0.08
0.08
2.70
0.44
0.29
0.22
0.08
0.09
0.04
0.30
0.02
0.02
0.53
0.17
0.01
0.01
0.17
0.13
446,836
0.18
644,828
781,786
16,654
205,435
84,555
915,905
785,180
819,328
0.26
0.31
0.01
0.08
0.03
0.37
0.31
0.33
4,253,671
8,604
8,604
8,604
1.70
0.00
0.00
0.00
Bond US Opportunistic Core Plus
Securities Portfolio as at 31/12/13
235,711
96,707
0.09
0.04
332,418
151,288,953
686,768
750,341
871,764
280,784
0.13
60.62
0.28
0.30
0.35
0.11
349,352
0.14
853,788
259,441
719,155
0.34
0.10
0.29
800,000
531,828
718,981
1,782,753
528,071
216,522
545,734
536,401
785,232
637,168
102,470
196,614
1,891,355
229,777
1,568,084
652,114
146,799
208,332
350,794
275,023
195,287
245,990
995,545
3,593,287
984,781
227,078
0.32
0.21
0.29
0.71
0.21
0.09
0.22
0.21
0.31
0.26
0.04
0.08
0.76
0.09
0.63
0.26
0.06
0.08
0.14
0.11
0.08
0.10
0.40
1.44
0.39
0.09
USD
% of NaV
61.23
8,000,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
VAR 25/03/2038
1,175,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0%
25/10/2043
520,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION 0%
25/10/2043
1,535,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
2.646% 01/10/2022
2,040,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.00% 01/03/2027
3,150,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.00% 01/05/2027
1,845,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.00% 01/08/2033
4,955,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.00% 01/12/2032
4,000,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.00% 25/04/2041
1,660,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.308% 01/12/2017
1,005,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.50% 01/01/2026
1,020,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.50% 01/01/2026
2,265,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.50% 01/01/2043
1,255,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.521% 01/12/2020
675,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.665% 01/10/2020
1,570,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.763% 12/01/2020
953,947 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.794% 01/12/2020
55,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
3.841% 01/09/2020
6,985,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
4.00% 01/01/2043
1,150,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
4.00% 01/10/2041
520,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
4.304% 01/07/2021
1,335,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
4.374% 01/06/2021
485,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
4.50% 01/07/2041
1,805,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
5.177% 01/05/2019
905,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
5.50% 01/12/2033
1,900,000 FIRST HORIZON MORTGAGE PASS THROUGH
TRUST 6.00% 25/08/2036
880,000 FIRST HORIZON MTG 2004-AR7 VAR 25/02/2035
1,400,000 FREDDIE MAC 2.373% 25/05/2040
1,975,000 FREDDIE MAC 2.50% 01/11/2027
4,345,000 FREDDIE MAC 3.00% 01/11/2042
3,555,000 FREDDIE MAC 3.00% 01/11/2042
2,660,000 FREDDIE MAC 3.00% 15/09/2042
Market Value
Financial Services
725,000 ACADEMIC LOAN FUNDING TRUST FRN 27/12/2044
1,200,000 ACCREDITED MORTGAGE LOAN TRUST FRN
25/02/2037
1,700,000 ACE SECURITIES CORP HOME LOAN TRUST FRN
25/06/2036
585,000 ACS 2007-1 PASS THROUGH TRUST FRN
14/06/2037
700,000 ADJUSTABLE RATE MORTGAGE TRUST FRN
25/07/2035
800,000 ALM LOAN FUNDING 2012-7A FRN 19/10/2024
900,000 BABCOCK & BROWN AIR FUNDING LTD FRN
14/11/2033
3,150,000 BANC OF AMERICA FDG 2006-D TR. VAR 20/05/2036
1,040,000 BANC OF AMERICA FUNDING CORP FRN 20/07/2036
4,000,000 BAYVIEW COMMERCIAL ASSET TRUST FRN
25/01/2035
1,725,000 BAYVIEW FINANCIAL FRN 25/12/2036
2,750,000 BCAP LLC TRUST 2007-AA1 FRN 25/02/2047
600,000 BEACN 2012-1A A 2027 3.72% 20/09/2027
3,600,000 BEAR STEARNS ALT FRN 25/11/2034
550,000 BRAZOS HIGHER ED AUTH INC FRN 27/10/2036
650,000 BRAZOS HIGHER ED AUTH INC VAR 26/12/2035
900,000 CAL FUNDING II LTD 3.47% 25/10/2027
720,000 CENTEX HOME EQUITY LOAN TRUST 2006-A FRN
25/06/2036
200,000 CIT EDUCATION LOAN TRUST 2007-1 FRN
25/03/2042
340,000 CITIGROUP MORTGAGE LOAN TRUST CMLTI
5.775% 25/09/2036
5,236,000 CITIGROUP MORTGAGE LOAN TRUST VAR
25/04/2037
250,000 COUNTRYPLACE MANUFACTURED HOUSING
5.846% 15/07/2037
12,580,000 COUNTRYWIDE HOME LOANS INC VAR 25/02/2035
1,850,000 COUNTRYWIDE HOME LOANS INC VAR 25/09/2047
1,275,000 CREDIT BASED ASSET SERVICING AND
SECURITIZATION LLC VAR 25/01/2033
1,500,000 CREDIT SUISSE COML MTG TR 5.00% 25/04/2037
400,000 CRONOS CONTAINERS PROGRAM 2012-1A A 3.81%
18/09/2027
325,000 CRONOS CONTAINERS PROGRAM 2012-1A A 4.21%
18/05/2022
185,000 DBRR TRUST 4.537% 12/05/2021
250,000 EFS VOLUNTEER LLC FRN 25/10/2035
49,427,847 FANNIE MAE FRN 25/06/2029
3,520,000 FANNIE MAE 3.00% 25/12/2027
939,430 FEDERAL NATIONAL MORTGAGE ASSOCIATION
VAR 01/01/2021
6,400,000 FEDERAL NATIONAL MORTGAGE ASSOCIATION
VAR 25/03/2038
152,808,825
Quantity
2,800,000 BANK OF AMERICA CORP VAR 25/01/2034
580,000 WELLS FARGO AND CO FRN 25/10/2035
% of NaV
Banks
Market Value
Quantity
Mortgage and asset backed securities
USD
213,942
0.09
377,895
0.15
860,964
0.34
1,453,567
0.58
2,697,155
1.08
1,692,723
1,791,216
4,532,678
3,617,653
1,683,479
689,025
623,636
2,250,667
1,289,080
682,532
0.68
0.72
1.82
1.45
0.67
0.28
0.25
0.90
0.52
0.27
1,589,487
0.64
56,016
0.02
967,896
0.39
7,192,366
2.88
515,966
0.21
888,694
0.36
1,430,349
0.57
1,638,486
0.66
347,342
0.14
384,263
254,510
710,513
1,308,790
1,765,658
3,864,756
3,215,914
2,413,491
0.15
0.10
0.28
0.52
0.71
1.55
1.29
0.97
The accompanying notes form an integral part of these financial statements
85
Bond US Opportunistic Core Plus
Securities Portfolio as at 31/12/13
750,000
665,000
1,000,000
895,000
5,750,000
2,400,000
830,000
400,000
2,800,000
2,500,000
850,000
600,000
925,000
3,300,000
1,205,000
1,750,000
2,340,000
1,200,000
3,160,000
1,800,000
4,200,000
1,250,000
4,300,000
650,000
The accompanying notes form an integral part of these financial statements
86
219,829
0.09
8,398,748
493,716
395,076
243,972
679,377
424,513
446,537
1,974,619
834,682
437,792
78,897
1,164,876
884,653
850,000
518,996
1,008,814
934,367
816,540
1,685,940
1,548,346
585,551
952,540
612,436
926,854
810,434
901,363
648,858
3.37
0.20
0.16
0.10
0.27
0.17
0.18
0.79
0.33
0.18
0.03
0.47
0.35
0.34
0.21
0.40
0.37
0.33
0.68
0.62
0.23
0.38
0.25
0.37
0.32
0.36
0.26
165,000 MORGAN STANLEY ABS CAPITAL I TR07-HQ13
4.118% 15/07/2049
2,965,000 MORGAN STANLEY CAPITAL I TR VAR 12/04/2049
190,000 MORGAN STANLEY CAPITAL I TRUST 2007-IQ15
VAR 12/11/2049
2,700,000 MORTGAGEIT TRUST FRN 25/02/2035
740,000 NCUA GUARANTEED NOTES TRUST 2010 R2 VAR
06/11/2017
370,000 NCUA GUARANTEED NOTES VAR 05/11/2020
510,000 NCUA GUARANTEED NOTES VAR 06/02/2020
740,000 NCUA GUARANTEED NOTES VAR 07/10/2020
340,000 NCUA GUARANTEED NOTES VAR 08/12/2020
720,000 NEW CENTURY HOME EQUITY 2005 1 FRN
25/09/2035
9,900,000 NOMURA ASSET ACCEPTANCE CORP FRN
25/04/2037
800,000 OAK HILL CREDIT PARTN IV LTD FRN 20/11/2023
830,000 PARK PLACE SECURITIES INC FRN 25/09/2035
3,900,000 RESIDENTIAL ACCREDIT LOANS INC VAR
25/07/2035
10,300,000 RESIDENTIAL FUNDING MORTGAGE SEC I VAR
25/04/2037
775,000 SCHOLAR FUNDING TRUST VAR 28/03/2046
8,980,000 SEQUOIA MORTGAGE TRUST 2004-4 VAR
20/05/2034
360,000 SLM STUDENT LOAN TRUST FRN 25/01/2029
1,250,000 SLM STUDENT LOAN TRUST FRN 25/01/2041
1,250,000 SLM STUDENT LOAN TRUST FRN 25/01/2041
360,000 SLM STUDENT LOAN TRUST FRN 25/04/2029
360,000 SLM STUDENT LOAN TRUST FRN 25/07/2029
360,000 SLM STUDENT LOAN TRUST FRN 25/07/2029
360,000 SLM STUDENT LOAN TRUST FRN 27/04/2043
360,000 SLM STUDENT LOAN TRUST VAR 25/04/2029
360,000 SLM STUDENT LOAN TRUST VAR 25/07/2029
360,000 SLM STUDENT LOAN TRUST VAR 25/10/2029
360,000 SLM STUDENT LOAN TRUST VAR 25/10/2029
355,000 SLM STUDENT LOAN TRUST 2011-2 FRN 25/03/2025
600,000 SLM STUDENT LOAN TRUST 2011-2 FRN 25/10/2034
6,000,000 STARM MORTGAGE LOAN TRUST 07-1 VAR
25/02/2037
2,850,000 STRUCTURED ASSET SECURITIES CORP VAR
25/03/2035
1,005,000 STRUCTURED ASSET SECURITIES CORP VAR
25/11/2033
1,050,000 TAL ADVANTAGE FRN 20/04/2021
475,000 TEXTAINER GROUP HOLDINGS LTD 4.70%
15/06/2026
1,000,000 TEXTAINER MARINE CONTAINERS LT FRN
15/05/2020
150,000 TRINITY RAIL LEASING IV LP 5.27% 14/08/2027
265,000 TRIP NAIL MASTER FUND 4.37% 15/07/2021
1,200,000 TRITON CONTAINER FIN VAR 26/02/2019
3,500,000 WAMU MGT PASSTHRU CERT06-AR7 VAR
25/07/2046
4,200,000 WAMU MORTGAGE PASS-THROUGH CER VAR
25/01/2046
USD
172,165
% of NaV
3,500,000
0.88
0.38
1.63
0.55
0.28
0.17
1.26
0.08
0.08
Market Value
7,000,000
2,203,019
944,707
4,062,972
1,374,363
700,696
430,668
3,155,991
211,866
196,367
Quantity
12,000,000
USD
% of NaV
8,690,000
FREDDIE MAC 3.00% 15/09/2042
FREDDIE MAC 3.50% 01/07/2026
FREDDIE MAC 4.00% 01/01/2042
FREDDIE MAC 4.00% 01/03/2041
FREDDIE MAC 4.00% 01/03/2041
FREDDIE MAC 4.50% 01/01/2040
FREDDIE MAC 6.00% 15/04/2037
GE BUSINESS LOAN TRUST FRN 15/06/2033
GINNIE MAE REMIC PASSTHRU SECS VAR
20/10/2035
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION GNMA II 3.00% 01/01/2043
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION GNMA VAR 20/07/2036
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION GNMA VAR 20/12/2040
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION GNMA 3.50% 20/01/2038
GREEN T G2 FUND LTD 7.00% 15/03/2027
GS MORTGAGE SECURITIES CORPORATION II
3.707% 10/08/2044
GSAA HOME EQUITY TRUST 2007-2 6.099%
25/03/2037
GSAMP 2006 HE5 FRN 25/08/2036
GSR MORTGAGE LN TRST 2006-AR2 VAR
25/04/2036
GSR 2007-AR2 2A1 VAR 25/05/2037
HARBORVIEW MORTGAGE VAR 19/06/2034
HSBC HOME EQUITY LN TR. USA FRN 20/03/2036
HSI ASSET SECURITIZATION CORP FRN 25/12/2035
INDYMAC IMSC MORTGAGE LOAN TRUST 2007HOA1 VAR 25/04/2037
ING INVESTMENT MANAGEMENT CLO LTD FRN
15/10/2023
IOWA STUDENT LOAN LIQUIDITY CORPORATION
FRN 25/06/2042
J P MORGAN CHASE COML MTG SECS 5.399%
15/05/2045
JP MORGAN ALT LN TR 06-A4 VAR 25/05/2036
JP MORGAN CHASE COMMERCIAL MORTGAGE
SECURITIES VAR 15/02/2051
JP MORGAN CHASE COMMERCIAL MORTGAGE
VAR 15/12/2044
JP MORGAN CHASE COMMERCIAL MORTGAGE
4.654% 12/01/2037
JP MORGAN MORTGAGE TRUST VAR 25/01/2037
LB UBS COMMERC MORTG 4.475% 15/10/2029
LEHMAN XS TRUST VAR 25/05/2046
MASTR ADJUSTABLE RATE MORTGAGE VAR
21/11/2034
MERRIL LYNCH MORTGAGE INVESTORS TRUST
FRN 25/08/2036
MERRILL LYNCH MORTGAGE INVESTORS TRUST
VAR 25/08/2034
MONT HGHR EDUC ASS STUD LN REV FRN
20/07/2043
Market Value
Quantity
2,410,000
1,315,000
4,545,000
1,670,000
920,000
740,000
1,875,000
325,000
600,000
0.07
1,723,197
210,215
0.69
0.08
274,931
348,312
411,178
257,667
711,599
0.11
0.14
0.16
0.10
0.29
542,615
348,346
1,703,384
0.22
0.14
0.68
800,000
74,808
1,011,125
0.32
0.03
0.41
783,271
458,755
0.31
0.18
1,984,471
0.80
315,168
1,092,761
1,093,211
323,140
353,457
345,784
316,495
343,043
344,480
363,119
365,401
369,332
615,980
2,213,688
0.13
0.44
0.44
0.13
0.14
0.14
0.13
0.14
0.14
0.15
0.15
0.15
0.25
0.89
240,378
0.10
519,634
241,919
360,657
140,438
87,265
198,201
173,565
1,127,603
916,889
0.21
0.10
0.14
0.06
0.03
0.08
0.07
0.45
0.37
Bond US Opportunistic Core Plus
Securities Portfolio as at 31/12/13
2,760,000 FANNIE MAE GUARANTD REMIC PTGH 6.00%
01/10/2040
Oil Equipment, Services and Distribution
290,000 PANHANDLE EASTN PIPELINE CO FRN 01/10/2037
Warrants, Rights
Financial Services
525 HYPOTECARIA SU CASITA CERTIFICAT CLASS I
Share/Units of UCITS/UCIS
Share/Units in investment funds
Investment Fund
42,994 TCW EMERGING MARKETS INCOME OU
CAPITALISATION
Money market instrument
Bonds
Banks
1,605,000 FEDERAL HOME LOAN BANKS 0% 07/02/2014
Total securities portfolio
USD
% of NaV
Governments
Market Value
Quantity
5,708,325 WAMU PASS TROUGH CERTIFICATE FRN
25/10/2045
8,000,000 WAMU PASS TROUGH CERTIFICATE FRN
25/11/2045
6,000,000 WASHINGTON MUTUAL MGE 2007-OA3 VAR
25/04/2047
2,700,000 WASHINGTON MUTUAL MORTGAGE SEC FRN
25/06/2037
675,000 WELLS FARGO HOME EQUITY ASSET BACK
SECURITIES 2004-2 TRUST 3.667% 15/11/2044
810,000 WELLS FARGO HOME EQUITY ASSET BACK
SECURITIES 2004-2 TRUST 5.00% 25/05/2034
545,000 321 HENDERSON RECEIVABLES II 4.08% 15/07/2041
1,059,411
0.42
1,896,427
0.76
1,881,768
1,099,023
685,759
370,815
541,006
899,613
899,613
287,841
287,841
-
0.75
0.44
0.27
0.15
0.22
0.36
0.36
0.12
0.12
0.00
-
0.00
5,106,322
2.05
5,106,322
2.05
-
5,106,322
5,106,322
0.00
2.05
2.05
1,604,881
0.64
1,604,881
0.64
1,604,881
1,604,881
0.64
0.64
267,664,163 107.25
The accompanying notes form an integral part of these financial statements
87
Bond Europe
Securities Portfolio as at 31/12/13
Belgium
1,500,000 BELGIUM 2.25% 22/06/2023
4,400,000 BELGIUM 3.50% 28/06/2017
2,500,000 BELGIUM 4.25% 28/09/2022
Denmark
12,000,000 DENMARK 1.50% 15/11/2023
450,000
500,000
400,000
1,000,000
650,000
500,000
5,000,000
1,000,000
1,900
700,000
700,000
950,000
600,000
600,000
300,000
400,000
4,800,000
700,000
France
BPCE SA VAR PERPETUAL
BPCE SA 5.70% 22/10/2023
CNP ASSURANCES VAR PERPETUAL
CREDIT AGRICOLE SA VAR 19/09/2033
CREDIT LOGEMENT SA VAR PERPETUAL
EDF ELECTRICITE DE FRANCE VAR PERPETUAL
FRANCE OAT 3.25% 25/05/2045
FRANCE OAT 3.75% 25/04/2017
FRANCE OAT 4.75% 25/04/2035
GDF SUEZ VAR PERPETUAL
GDF SUEZ VAR PERPETUAL
LA MONDIALE VAR 25/04/2044
VEOLIA ENVIRONNEMENT VAR PERPETUAL
WENDEL INVESTISSEMEN 6.75% 20/04/2018
Germany
ALLIANZ SE VAR PERPETUAL
ALLIANZ SE VAR 17/10/2042
GERMANY BUNDI 0.75% 15/04/2018
MUNCHENER RUCKVERSIC VAR 26/05/2042
Ireland
400,000 AIB MORTGAGE BANK 2.625% 29/07/2016
500,000 AIB MORTGAGE BANK 3.125% 04/12/2015
1,000,000 BANK OF IRELAND MORTGAGE BANK 3.125%
20/11/2015
1,500,000 IRELAND 5.90% 18/10/2019
700,000
500,000
2,500,000
2,500,000
5,000,000
4,300,000
5,500,000
850,000
3,400,000
Italy
ASSICURAZIONI GENERA VAR 12/12/2042
INTESA SANPAOLO SPA 3.875% 16/01/2018
ITALY BTP 4.25% 01/03/2020
ITALY BTP 4.50% 01/05/2023
ITALY BTP 4.50% 15/07/2015
ITALY BTP 4.75% 01/05/2017
ITALY BTP 4.75% 01/06/2017
ITALY BTP 5.00% 01/09/2040
ITALY BTP 5.50% 01/11/2022
The accompanying notes form an integral part of these financial statements
88
2,395,218
379,470
762,525
2.52
0.40
0.80
4.84
1,500,000 LATVIA 2.75% 12/01/2020
1,040,306
1.09
9.61
600,000 SBERBANK LUX 5.40% 24/03/2017
1,400,000 VTB CAPITAL SA 6.00% 12/04/2017
128,949,372 135.63
4,598,800
9,132,520
1,462,800
4,801,720
2,868,000
1,542,603
1,542,603
12,774,549
589,500
375,826
306,870
803,411
529,978
360,383
4,810,500
1,101,050
2,343
745,220
724,381
1,025,212
706,731
693,144
6,876,960
307,776
445,004
5,300,000
824,180
3,722,760
409,920
516,430
1,034,360
1,762,050
30,565,599
804,125
371,559
2,658,700
2,617,875
5,247,750
4,661,544
5,962,550
876,393
3,827,890
% of NaV
4,000,000 AUSTRIA 4.65% 15/01/2018
EUR
2,100,000 ITALY BTP 5.75% 01/02/2033
500,000 UNICREDIT SPA VAR 02/05/2023
700,000 UNICREDIT SPA 6.95% 31/10/2022
136,293,095 143.35
4,598,800
Market Value
Austria
EUR
136,820,191 143.90
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
4.84
1.54
5.05
3.02
1.62
1.62
13.44
0.62
0.40
0.32
0.85
0.56
0.38
5.06
1.16
0.00
0.78
0.76
1.08
0.74
0.73
7.23
0.32
0.47
5.57
0.87
3.92
0.43
0.54
1.09
1.86
32.14
0.85
0.39
2.80
2.75
5.52
4.90
6.26
0.92
4.03
Latvia
Luxembourg
Netherlands
8,700,000 NETHERLANDS 2.50% 15/01/2017
900,000
2,600,000
3,500,000
1,200,000
Portugal
CAIXA GERAL DE DEPOSITOS 3.75% 18/01/2018
PORTUGAL 4.35% 16/10/2017
PORTUGAL 6.40% 15/02/2016
REDE FERROVIARIA NACIONAL REFE 4.00%
16/03/2015
Romania
1,600,000 ROMANIA 5.25% 17/06/2016
Russia
1,050,000 RUSSIA 7.50% 31/03/2030
Slovenia
800,000 SLOVENIA 4.75% 10/05/2018
900,000 SLOVENIA 5.50% 26/10/2022
500,000 SLOVENIA 5.85% 10/05/2023
700,000
400,000
900,000
700,000
500,000
1,200,000
4,400,000
3,000,000
1,800,000
2,000,000
2,500,000
1,100,000
Spain
BANKINTER SA 2.75% 26/07/2016
BILBAO BIZKAIA KUTXA 3.00% 01/02/2017
CAIXABANK SA 3.00% 22/03/2018
CAJA DE AHORROS BARCELONA 5.125% 27/04/2016
GAS NATURAL CAPITAL MARKETS SA 6.00%
27/01/2020
INSTITUTO DE CREDITO OFICIAL 3.875% 20/05/2016
SPAIN 3.15% 31/01/2016
SPAIN 3.75% 31/10/2018
SPAIN 4.25% 31/10/2016
SPAIN 4.40% 31/10/2023
SPAIN 5.50% 30/04/2021
SPAIN 6.00% 31/01/2029
Sweden
24,000,000 SWEDEN 3.50% 01/06/2022
Ukraine
1,400,000 UKRAINE 9.25% 24/07/2017
United Kingdom
900,000 STANDARD CHARTERED PLC 3.95% 11/01/2023
1,300,000 UK GILT 4.00% 07/09/2016
1,040,306
1,548,349
466,489
1,081,860
9,205,731
9,205,731
8,429,216
928,206
2,591,030
3,714,480
1,195,500
1.09
1.63
0.49
1.14
9.68
9.68
8.87
0.98
2.73
3.90
1.26
1,721,600
1.81
635,834
0.67
1,721,600
1.81
635,834
0.67
595,871
655,267
370,775
0.63
0.69
0.39
1,621,913
1.71
20,379,074
21.43
1,253,453
4,541,680
3,140,340
1,913,364
2,042,900
2,795,875
1,263,108
1.32
4.78
3.30
2.01
2.15
2.94
1.33
722,519
416,580
935,280
760,333
593,642
2,956,664
2,956,664
0.76
0.44
0.98
0.80
0.62
3.11
3.11
1,012,619
1.07
11,184,275
11.76
1,012,619
607,907
1,689,500
1.07
0.64
1.78
Bond Europe
Securities Portfolio as at 31/12/13
France
1,100,000 FCT GINKGO FRN 18/07/2038
Ireland
700,000 FASTNET SECURITIES 9 LIMITED FRN 10/08/2053
EUR
% of NaV
Mortgage and asset backed securities
Market Value
Quantity
4,500,000 UK GILT 4.25% 07/03/2036
1,700,000 UK GILT 4.25% 07/06/2032
490,391 UK GILT 4.50% 07/12/2042
5,954,549
2,249,190
683,129
6.25
2.37
0.72
451,607
0.47
7,343,723
451,607
703,150
703,150
7.72
0.47
0.74
0.74
Netherlands
2,201,315
United Kingdom
3,987,651
4.19
430,777
412,755
1,078,199
525,404
727,693
0.45
0.43
1.14
0.55
0.77
1,300,000 ARENA 2011-I B.V. FRN 17/12/2042
1,300,000 HOLLAND MORTGAGE BACKED SERIES (HERMES)
XVIII BV FRN 18/09/2044
800,000 ARKLE MASTER ISSUER PLC SERIE 2006-1X
CLASS 5A1 FRN 17/05/2060
800,000 BUMPER 3 FINANCE PLC VAR 20/06/2022
600,000 FOSSE MASTER ISSUER PLC FRN 18/10/2054
1,200,000 HOMES MASTER ISSUER FRN 15/10/2054
700,000 SILVERSTONE MASTER FRN 21/01/2055
600,000 SILVERSTONE MASTER VAR 21/01/2055
Derivative instruments
Options
United States of America
228 10YR US TREASRY NOTE - 124.00 - 24.01.14 PUT
394 90 DAY EURO$ - 99.00 - 14.12.15 PUT
1,320,445
880,870
812,823
527,096
527,096
527,096
2.32
1.39
0.93
0.85
0.55
0.55
0.55
Short positions
196,488
330,608
-449,345
0.21
0.34
-0.47
Derivative instruments
-449,345
-0.47
-449,345
-0.47
Options
-456
-394
-394
-394
United States of America
10YR US TREASRY NOTE - 122.50 - 24.01.14 PUT
90 DAY EURO$ - 97.62 - 14.12.15 PUT
90 DAY EURO$ - 97.87 - 14.12.15 PUT
90 DAY EURO$ - 99.50 - 14.12.15 CALL
Total securities portfolio
-449,345
-124,097
-114,373
-135,818
-75,057
-0.47
-0.13
-0.12
-0.14
-0.08
136,370,846 143.43
The accompanying notes form an integral part of these financial statements
89
Bond Global Aggregate
Securities Portfolio as at 31/12/13
97.37
13,997,449
0.45
2,738,149,520
10,300,000 UNICREDIT BANK AUSTRIA AG 2.50% 27/05/2019
5,300,000
20,000,000
7,500,000
8,600,000
Belgium
AHNEUSER-BUSH INBEV 4.00% 24/09/2025
BELGIUM 3.75% 28/09/2020
FORTIS BANK SA NV VAR PERPETUAL
KBC BANK NV VAR 25/01/2023
Brazil
14,000,000 BANCO DO BRASIL SA 3.75% 25/07/2018
40,000 BRAZIL 10.00% 01/01/2017 DIRTY
British Virgin Islands
13,900,000 SINOPEC GRP OVERSEA DEVELOPMENT 2012 LTD
2.50% 17/10/2018
Canada
3,000,000 BARRICK GOLD CORP 4.10% 01/05/2023
Cayman Islands
6,000,000 CHINA OVERSEAS FINANCE CAYMAND 5.375%
29/10/2023
9,500,000 HUTCHISON WHAMPOA VAR PERPETUAL
15,000,000 PETROBRAS INTERNATL FINANCE 5.375%
27/01/2021
59,571,770
8,749,366
30,939,939
10,443,965
9,438,500
35,523,352
19,534,371
15,988,981
13,844,539
13,844,539
0.45
1.93
0.28
1.00
0.34
0.31
1.15
0.63
0.52
0.45
0.45
2,725,350
0.09
33,375,783
1.08
2,725,350
5,762,820
12,727,263
14,885,700
0.09
0.19
0.41
0.48
Chile
4,790,550
0.16
Cyprus
9,608,400
0.31
5,000,000 CORPBANCA 3.125% 15/01/2018
9,000,000 ALFA MTN INVEST LIMITED 8.00% 18/03/2015
France
10,000,000 AXA SA VAR PERPETUAL
8,500,000 AXA SA VAR 16/04/2040
11,400,000 BANQUE FEDERATIVE DU CREDIT MUTUEL FRN
28/10/2016
7,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL 2.50%
29/10/2018
16,100,000 BANQUE PSA FINANCE 3.50% 17/01/2014
11,000,000 BNP PARIBAS 2.70% 20/08/2018
5,000,000 BPCE SA 4.625% 18/07/2023
16,500,000 BPCE SA 5.70% 22/10/2023
9,014,000 BPCE SA 9.25% PERPETUAL
5,750,000 CNP ASSURANCES VAR PERPETUAL
6,600,000 CNP ASSURANCES VAR PERPETUAL
16,000,000 CREDIT AGRICOLE SA VAR PERPETUAL
19,000,000 CREDIT AGRICOLE SA VAR 19/09/2033
8,000,000 CREDIT AGRICOLE SA VAR PERPETUAL
9,700,000 CREDIT AGRICOLE SA 2.625% 03/10/2018
The accompanying notes form an integral part of these financial statements
90
13,997,449
88.71
4,790,550
9,608,400
421,684,552
14,439,400
12,536,555
11,433,117
6,933,920
22,206,514
11,185,680
7,253,391
17,089,710
13,166,092
7,998,879
6,977,058
26,620,933
21,034,140
11,034,624
9,765,863
0.16
0.31
13.65
0.47
0.41
0.37
0.22
0.71
0.36
0.24
0.55
0.43
0.26
0.23
0.85
0.67
0.36
0.32
Germany
10,200,000 ALLIANZ SE VAR PERPETUAL
6,700,000 ALLIANZ SE VAR 17/10/2042
11,800,000 ENBW ENERGIE BADEN-WUERTTEMBER VAR
PERPETUAL
6,800,000 MUNCHENER RUCKVERSIC VAR 26/05/2041
7,800,000 TELEFONICA DEUTSCHLAND HOLDING AG 1.875%
22/11/2018
815,000,000
6,400,000
14,000,000
11,200,000
10,000,000
15,804,000
28,000,000
10,000,000
15,700,000
300,000,000
11,700,000
5,000,000
13,100,000
13,200,000
7,500,000
14,200,000
12,000,000
66,300,000
3,500,000
1,700,000
Ireland
AHML FINANCE LIMITED 7.75% 13/02/2018
ALLIED IRISH BANKS PLC 2.875% 28/11/2016
ALLIED IRISH BANKS PLC 5.625% 12/11/2014
AQUARIUS + INVESTMENTS PLC VAR 02/10/2043
FGA CAPITAL IRELAND PLC 4.00% 17/10/2018
FGA CAPITAL IRELAND PLC 5.25% 28/02/2014
GOVERNOR AND CO BANK IRELAND 2.75%
05/06/2016
GPB EUROBOND FINANCE PLC VAR 28/12/2023
GPB EUROBOND FINANCE PLC 3.984% 30/10/2018
GPB EUROBOND FINANCE PLC 8.617% 15/12/2015
NARA CABLE FUNDING LTD 8.875% 01/12/2018
RZD CAPITAL LIMITED 7.487% 25/03/2031
VEB FINANCE LIMITED 4.224% 21/11/2018
VEB FINANCE LIMITED 5.942% 21/11/2023
Italy
ASSICURAZIONI GENERA VAR 12/12/2042
ENEL SPA VAR PERPETUAL
ENEL SPA VAR PERPETUAL
INTESA SANPAOLO SPA FRN 11/01/2016
INTESA SANPAOLO SPA FRN 24/02/2014
INTESA SANPAOLO SPA VAR PERPETUAL
USD
% of NaV
Austria
3,005,147,918
11,000,000 CSE NAT.CSES EPAR.PREVOYANCE VAR
PERPETUAL
16,799,000 DEXIA CREDIT LOCAL DE FRANCE 5.375%
21/07/2014
8,300,000 EDF ELECTRICITE DE FRANCE VAR PERPETUAL
3,700,000 GDF SUEZ VAR PERPETUAL
6,700,000 GDF SUEZ VAR PERPETUAL
15,690,000 LA MONDIALE VAR 25/04/2044
13,650,000 NATIXIS BANQUES POPULAIRES VAR PERPETUAL
6,750,000 SOCIETE GENERALE VAR PERPETUAL
7,014,000 SOCIETE GENERALE VAR PERPETUAL
11,400,000 SOCIETE GENERALE VAR PERPETUAL
13,500,000 SOCIETE GENERALE VAR PERPETUAL
5,800,000 SOCIETE GENERALE 4.00% 07/06/2023
11,700,000 SOLVAY FINANCE SA VAR PERPETUAL
6,000,000 SUEZ VAR PERPETUAL
6,000,000 UNIBAIL RODAMCO 2.375% 25/02/2021
6,600,000 VEOLIA ENVIRONNEMENT VAR PERPETUAL
6,000,000 WENDEL INVESTISSEMEN 5.875% 17/09/2019
4,000,000 WENDEL INVESTISSEMEN 6.75% 20/04/2018
3,000,000 WPP FINANCE SA 6.375% 06/11/2020
Market Value
Bonds
USD
3,283,554,644 106.39
Quantity
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
% of NaV
Market Value
Quantity
Long positions
16,011,572
0.52
8,243,394
5,427,773
9,553,825
23,331,694
19,664,828
9,301,163
7,361,193
11,492,910
14,461,875
8,010,572
16,556,665
8,565,255
8,207,594
10,712,236
9,249,489
6,367,452
5,822,717
0.27
0.18
0.31
0.75
0.63
0.30
0.24
0.37
0.47
0.26
0.54
0.28
0.27
0.35
0.30
0.21
0.19
23,666,469
64,424,949
14,419,398
10,270,987
18,184,322
10,853,715
10,696,527
0.76
2.09
0.47
0.33
0.59
0.35
0.35
237,791,637
7.71
10,200,000
22,120,576
9,176,930
17,477,554
9,056,626
13,163,535
13,196,568
0.33
0.72
0.30
0.57
0.29
0.43
0.43
24,363,433
8,785,192
19,894,153
15,450,479
14,201,153
21,928,691
38,776,747
333,363,614
11,871,900
21,009,948
20,957,427
91,417,468
3,513,370
2,471,353
0.79
0.28
0.64
0.50
0.46
0.71
1.26
10.79
0.38
0.68
0.68
2.95
0.11
0.08
Bond Global Aggregate
Securities Portfolio as at 31/12/13
30,000,000
19,100,000
13,500,000
9,000,000
11,400,000
5,100,000
5,000,000
AMERICA MOVIL SAB DE CV VAR PERPETUAL
CEMEX SA 7.25% 15/01/2021
PETROLEOS MEXICANOS SA 3.125% 27/11/2020
PETROLEOS MEXICANOS SA 3.50% 30/01/2023
Netherlands
ABN AMRO BANK NV VAR PERPETUAL
ABN AMRO BANK NV 7.125% 06/07/2022
ALLIANZ FINANCE II BV VAR 08/07/2041
EDP FINANCE BV 4.125% 20/01/2021
EDP FINANCE BV 6.625% 09/08/2017
ING BANK NV VAR 21/11/2023
ING BANK NV 3.75% 07/03/2017
ING BANK NV 5.80% 25/09/2023
LUKOIL INTERNATIONAL FINANCE B 3.416%
24/04/2018
PETROBRAS GLOBAL FINANCE BV 2.00%
20/05/2016
RABOBANK NEDERLAND 3.875% 25/07/2023
TELEFONICA EUROPE BV VAR PERPETUAL
TELEFONICA EUROPE BV VAR PERPETUAL
Portugal
BANCO ESPIRITO SANTO 5.875% 09/11/2015
CAIXA GERAL DE DEPOSITOS 3.75% 18/01/2018
GALP ENERGIA SGPS SA 4.125% 25/01/2019
PARPUBLICA - PARTICIPACOES PUB 3.567%
22/09/2020
20,000,000 PORTUGAL 3.60% 15/10/2014
62,767,736
38,785,848
13,467,220
5,566,918
4,947,750
198,584,111
8,222,228
16,577,290
7,739,807
17,413,843
5,420,213
13,873,738
7,933,650
4,693,590
11,944,078
11,191,040
41,491,039
32,189,339
19,894,256
228,932,849
13,009,474
16,200,938
7,150,738
5,626,859
27,890,535
0.24
0.77
0.32
0.25
0.23
0.18
0.15
0.22
0.16
0.14
0.67
0.28
2.03
1.25
0.44
0.18
0.16
6.43
0.27
0.54
0.25
0.56
0.18
0.45
0.26
0.15
0.39
0.36
1.34
1.04
0.64
7.42
0.42
0.52
0.23
0.18
0.90
68,659,803
41,901,944
38,231,998
2.23
1.37
1.24
Russia
39,798,284
1.29
Singapore
10,383,406
0.34
1,000,000,000 RUSSIA 7.10% 13/03/2014
300,000,000 RUSSIA 7.40% 14/06/2017
10,100,000 DBS BANK LTD 3.625% 21/09/2022
Slovakia
9,700,000 SLOVAKIA 3.00% 28/02/2023
Slovenia
17,000,000 SLOVENIA 4.75% 10/05/2018
South Africa
250,000,000 SOUTH AFRICA 10.50% 21/12/2026
30,499,382
9,298,902
10,383,406
13,897,418
13,897,418
17,447,950
17,447,950
28,117,921
28,117,921
0.33
0.99
0.30
0.34
0.45
0.45
0.57
0.57
0.91
0.91
28,356,940
Spain
43,505,820
1.41
17,998,560
12,830,644
0.58
0.42
9,000,000 SANTANDER INTERNATIONAL DEBT SA 4.375%
04/09/2014
10,550,000 SANTANDER ISSUANCES SA VAR 27/07/2019
9,000,000 SPAIN 3.25% 30/04/2016
Switzerland
7,900,000 CREDIT SUISSE GROUP VAR PERPETUAL
12,856,140
15,500,800
12,676,616
8,350,932
8,350,932
Turkey
31,683,179
United Arab Emirates
26,833,464
AKBANK TAS 3.875% 24/10/2017
TURKEY 7.50% 24/09/2014
TURKIYE GARANTI BANK 5.25% 13/09/2022
TURKIYE HALK BANKASI 3.875% 05/02/2020
5,000,000 DUBAI HOLDING COMMERCIAL OPERA 4.75%
30/01/2014
21,450,000 TAQA ABU DHABI NATIONAL ENERGY COMPAGNY
3.625% 12/01/2023
9,000,000
5,000,000
5,200,000
14,000,000
8,000,000
10,260,560
South Korea
12,900,000 HANA BANK 1.375% 05/02/2016
16,000,000 KOREA RESOURCES CORPORATION 2.125%
02/05/2018
5,000,000
40,000,000
5,000,000
4,500,000
USD
% of NaV
11,200,000
Mexico
7,374,414
23,314,921
9,856,985
7,856,675
7,166,718
5,700,688
4,609,305
6,934,500
4,785,800
4,443,348
20,763,990
8,502,720
3.61
50,000,000 PORTUGAL 4.35% 16/10/2017
30,000,000 PORTUGAL 4.375% 16/06/2014
27,850,000 REDE FERROVIARIA NACIONAL REFE 4.00%
16/03/2015
9,250,000 REDE FERROVIARIA NACIONAL REFE 4.25%
13/12/2021
Market Value
6,000,000
10,000,000
5,000,000
12,500,000
3,000,000
13,906,000
7,500,000
4,500,000
11,800,000
COSAN LUXEMBOURG SA 9.50% 14/03/2018
FINMECCANICA FINANCE SA 4.50% 19/01/2021
GAZ CAPITAL SA (EX GAZPROM) 4.95% 23/05/2016
GAZ CAPITAL SA 3.70% 25/07/2018
GAZ CAPITAL SA 3.755% 15/03/2017
GPN CAPITAL SA 6.00% 27/11/2023
RSHB CAPITAL SA 5.10% 25/07/2018
RSHB CAPITAL SA 5.298% 27/12/2017
SBERBANK SB CAP SA 5.125% 29/10/2022
SBERBANK SB CAP SA 6.125% 07/02/2022
VTB CAPITAL SA 6.00% 12/04/2017
VTB CAPITAL SA 6.551% 13/10/2020
111,310,064
0.37
0.98
0.64
0.18
0.26
1.14
0.34
1.10
0.51
0.39
Quantity
27,000,000
13,000,000
4,000,000
5,400,000
Luxembourg
USD
11,417,377
30,234,772
19,600,788
5,552,509
7,940,238
35,172,099
10,353,232
34,049,400
15,685,777
12,115,956
% of NaV
20,000,000
17,100,000
9,250,000
5,500,000
5,000,000
5,600,000
4,500,000
6,700,000
5,000,000
4,200,000
19,500,000
8,000,000
INTESA SANPAOLO SPA 3.875% 16/01/2018
ITALY BTP 3.50% 01/11/2017
ITALY BTP 5.00% 01/03/2022
TELECOM ITALIA SPA 4.875% 25/09/2020
TELECOM ITALIA SPA 5.875% 19/05/2023
TELECOM ITALIA SPA 7.375% 15/12/2017
UNICREDIT SPA VAR 02/05/2023
UNICREDIT SPA 2.25% 16/12/2016
UNICREDIT SPA 6.95% 31/10/2022
UNIONE DI BANCHE ITALIANE 3.75% 30/10/2015
Market Value
Quantity
11,150,000
21,000,000
13,000,000
3,929,000
5,000,000
19,300,000
9,900,000
24,500,000
10,450,000
8,500,000
United Kingdom
AVIVA PLC VAR 05/07/2043
BANK OF SCOTLAND 10.50% 16/02/2018
BARCLAYS BANK PLC LONDON VAR PERPETUAL
BARCLAYS BANK PLC LONDON 6.00% 14/01/2021
BAT INTERNATIONAL FINANCE PLC 2.75%
25/03/2025
4,894,400
18,348,029
4,486,150
3,954,600
6,897,191
19,936,273
211,299,646
13,790,896
10,236,910
7,380,300
21,896,976
10,718,908
0.92
0.42
0.50
0.41
0.27
0.27
1.03
0.16
0.59
0.15
0.13
0.87
0.22
0.65
6.85
0.45
0.33
0.24
0.71
0.35
The accompanying notes form an integral part of these financial statements
91
Bond Global Aggregate
Securities Portfolio as at 31/12/13
The accompanying notes form an integral part of these financial statements
92
12,589,000
10,332,760
5,280,412
11,578,267
417,605,535
8,070,000
19,353,997
9,308,052
10,236,292
5,096,851
7,074,900
10,470,680
7,439,760
4,308,944
9,271,170
22,775,345
17,255,000
11,734,883
12,807,841
2,651,974
3,365,850
6,997,500
8,508,880
28,972,200
22,389,813
5,205,000
18,263,015
14,044,549
31,462,500
38,815,624
42,371,876
11,377,960
16,734,289
11,240,790
28,572,320
20,254,520
8,317,800
0.21
0.22
0.55
0.38
0.24
0.24
0.43
0.73
0.41
0.33
0.17
0.38
13.52
0.26
0.63
0.30
0.33
0.17
0.23
0.34
0.24
0.14
0.30
0.74
0.56
0.38
0.42
0.09
0.11
0.23
0.28
0.93
0.73
0.17
0.59
0.46
1.01
1.25
1.36
0.37
0.54
0.36
Convertible bonds
France
21,167,586
4,503,645
0.69
0.15
25,000 GECINA 2.125% 01/01/2016 CV
4,503,645
0.15
4,000,000 ENI SPA 0.625% 18/01/2016 CV
5,825,256
0.19
Italy
Luxembourg
2,600,000 TELECOM ITALIA FINANCE SA 6.125% 15/11/2016 CV
Spain
5,000,000 ABENGOA SA 6.25% 17/01/2019 CV
Mortgage and asset backed securities
France
4,000,000 AUTO ABS 2012-1 CL.A FCT FRN 25/07/2026
3,500,000 CARS ALLIANCE AUTO LOAN F FCC FRN 25/02/2024
18,800,000 FCT GINKGO FRN 23/12/2040
Germany
9,000,000 SC GERMANY AUTO 2013-1 UG FRN 12/10/2022
3,774,486
7,064,199
7,064,199
245,830,812
35,983,689
7,500,000 E-CARAT SA 0.852% 18/11/2020
17,993,960
9,848,682
23,842,179
8,203,802
8,203,802
United Kingdom
90,674,128
Share/Units in investment funds
France
6,024 AMUNDI ARBITRAGE VAR 2 I
0.23
0.23
7.97
1.17
0.30
50,082,350
BRASS NO1 PLC FRN 16/07/2050
HOMES MASTER ISSUER FRN 15/10/2054
LANARK MASTER ISSUER PLC VAR 22/12/2054
PARAGON MORTGAGE N 8 PLC FRN 08/04/2040
PARAGON MORTGAGES NO 17 P.L.C FRN
15/03/2041
10,000,000 SILK ROAD FINANCE NUMBER ONE PLC FRN
21/12/2052
12,900,000 TURBO FINANCE PLC FRN 20/01/2021
0.12
9,202,022
9,202,022
Netherlands
ARENA 2011-I B.V. FRN 17/12/2042
DUTCH MBS XV BV FRN 02/03/2042
DUTCH MBS XVIII B.V. FRN 02/02/2045
GLOBALDRIVE ABS FRN 20/10/2020
0.12
0.18
0.15
0.84
33,690,861
Luxembourg
0.19
5,552,587
4,525,642
25,905,460
Italy
11,100,000 BERICA ABS SRL FRN 30/12/2055
60,000,000 CLARIS FINANCE SRL FRN 20/06/2055
15,000,000
16,000,000
6,000,000
2,100,000
9,000,000
3,774,486
17,993,960
13,000,000 FASTNET SECURITIES 9 LIMITED FRN 10/08/2053
18,000,000
11,350,000
3,000,000
6,000,000
5,825,256
Ireland
0.93 Share/Units of UCITS/UCIS
0.66
0.27
USD
% of NaV
22,000,000 PETROLEOS DE VENEZUELA 4.90% 28/10/2014
10,000,000 PETROLEOS DE VENEZUELA 8.50% 02/11/2017
17,114,616
11,603,721
7,552,723
7,279,197
13,367,970
22,532,384
0.48
Market Value
Venezuela
6,425,472
6,932,590
Quantity
17,000,000
12,100,000
9,200,000
2,600,000
3,000,000
7,500,000
9,400,000
30,000,000
16,000,000
5,000,000
18,500,000
10,200,000
40,000,000
40,000,000
40,000,000
11,000,000
14,300,000
11,000,000
ALLSTATE CORP VAR PERPETUAL
BANK OF AMERICA CORP VAR 06/05/2019
BANK OF AMERICA CORP VAR 28/03/2018
BANK OF AMERICA CORP 2.50% 27/07/2020
CHEVRON CORP 3.191% 24/06/2023
CITIGROUP INC 1.70% 25/07/2016
CITIGROUP INC 3.375% 01/03/2023
CITIGROUP INC 3.50% 15/05/2023
CVS CAREMARK CORP 1.20% 05/12/2016
CVS CAREMARK CORP 5.30% 05/12/2043
DEUTSCHE BANK CAPITAL TRUST IV VAR
PERPETUAL
GENERAL MOTORS COMPANY 4.875% 02/10/2023
GLENCORE FUNDING LLC 2.50% 15/01/2019
GOLDMAN SACHS GROUP INC 3.25% 01/02/2023
GOLDMAN SACHS GROUP 2.90% 19/07/2018
GOLDMAN SACHS GROUP 5.75% 24/01/2022
JP MORGAN CHASE AND CO 3.375% 01/05/2023
KIMBERLY CLARK CORP 2.40% 01/06/2023
MORGAN STANLEY GROUP INC 4.10% 22/05/2023
MORGAN STANLEY 2.25% 12/03/2018
ONCOR ELECTRIC DELIVERY CO 5.30% 01/06/2042
SEMPRA ENERGY CORP 4.05% 01/12/2023
SIMON PROPERTY GROUP LP 2.375% 02/10/2020
USA T-BONDS 2.75% 15/11/2042
USA T-BONDS 3.75% 15/08/2041
USA T-BONDS 4.25% 15/11/2040
VERIZON COMMUNICATIONS INC 2.50% 15/09/2016
VERIZON COMMUNICATIONS INC 6.55% 15/09/2043
WELLS FARGO AND CO 5.375% 02/11/2043
USD
14,686,544
% of NaV
8,000,000
14,000,000
7,000,000
7,400,000
5,300,000
7,000,000
11,000,000
8,000,000
4,300,000
9,000,000
17,270,000
United States of America
Market Value
Quantity
10,625,000 CLERICAL MEDICAL FINANCE PLC VAR
PERPETUAL
4,600,000 FCE BANK PLC 1.875% 12/05/2016
7,000,000 IMPERIAL TOBACCO FINANCE PLC 2.05%
11/02/2018
10,700,000 LLOYDS TSB BANK PLC 6.50% 24/03/2020
8,100,000 NATIONWIDE BUILDING SOCIETY VAR 20/03/2023
4,500,000 NGG FINANCE PLC VAR PERPETUAL
5,200,000 NGG FINANCE PLC VAR PERPETUAL
8,000,000 PRUDENTIAL PLC VAR PERPETUAL
15,693,000 ROYAL BANK OF SCOTLAND PLC 4.875%
22/04/2015
12,500,000 ROYAL BANK OF SCOTLAND 6.00% 19/12/2023
6,200,000 SCOTTISH WIDOWS PLC 5.50% 16/06/2023
2,900,000 SCOTTISH WIDOWS PLC 7.00% 16/06/2043
6,350,000 UK GILT 4.25% 07/03/2036
25,193,193
15,708,391
3,034,472
6,146,294
11,552,561
26,453,217
5,784,517
3,415,655
14,923,345
7,179,983
21,364,850
241,865,306
241,865,306
27,561,741
27,561,741
0.30
0.58
0.58
1.09
0.32
0.77
0.27
0.27
1.62
0.81
0.51
0.10
0.20
2.94
0.37
0.87
0.19
0.11
0.48
0.23
0.69
7.84
7.84
0.89
0.89
Bond Global Aggregate
Securities Portfolio as at 31/12/13
Luxembourg
214,303,565
6.95
36,541,420
1.18
-1,134,604
-0.04
Luxembourg
27,342,661
0.89
United States of America
10,333,363
71,730 AMUNDI FUNDS GLOBAL CORPORATE OU C
103,349 AMUNDI FUNDS BOND GLOBAL EMERGING OU C
46,000 AMUNDI FUNDS BOND GLOBAL EMERGING CORP
OU-C
78,641,863
90,502,582
45,159,120
Derivative instruments
36,541,420
Options
Germany
4,280 EURO BUND FUTURE - 141.00 - 21.02.14 CALL
400,000,000
300,000,000
140,000,000
442,000,000
455,000,000
455,000,000
175,000,000
533,000,000
160,000,000
215,000,000
% of NaV
Market Value
Quantity
USD
-1,134,604
AUD(C)/NZD(P)OTC - 1.20 - 04.03.14 CALL
AUD(P)/USD(C)OTC - 0.825 - 18.09.14 PUT
CDS-00008197 - 0.75 - 19.02.14 CALL
EUR(P)/GBP(C)OTC - 0.79 - 20.01.14 PUT
EUR(P)/USD(C)OTC - 1.32 - 16.05.14 PUT
USD(C)/CHF(P)OTC - 0.95 - 03.06.14 CALL
USD(C)/CHF(P)OTC - 0.95 - 04.06.14 CALL
USD(C)/JPY(P)OTC - 108.00 - 12.11.14 CALL
USD(P)/TRY(C)OTC - 2.00 - 17.01.14 PUT
USD(P)/TRY(C)OTC - 2.00 - 17.01.14 PUT
16,748
4,493,631
529,662
45,502
4,023,863
2,611,705
1,013,276
14,535,032
31,250
41,992
7,132 US TBOND - 134.00 - 24.01.14 CALL
3,000 10YR US TREASRY NOTE - 123.50 - 21.02.14 PUT
5,800 90 DAY EURO$ - 99.00 - 14.12.15 PUT
2.55
2.94
1.46
1.18
-0.04
0.00
0.15
0.02
0.00
0.13
0.08
0.03
0.48
0.00
0.00
0.33
Short positions
111,473
3,515,640
6,706,250
-29,127,390
0.00
0.11
0.22
-0.94
Derivative instruments
-29,127,390
-0.94
692,282
0.02
-29,127,390
Options
Germany
-8,560 EURO BUND FUTURE - 143.00 - 21.02.14 CALL
-600,000,000
-910,000,000
-910,000,000
-350,000,000
-205,000,000
-164,000,000
-6,000
-5,800
-5,800
-5,800
692,282
Luxembourg
AUD(P)/USD(C)OTC - 0.765 - 18.09.14 PUT
EUR(P)/USD(C)OTC - 1.28 - 16.05.14 PUT
USD(C)/CHF(P)OTC - 0.98 - 03.06.14 CALL
USD(C)/CHF(P)OTC - 0.98 - 04.06.14 CALL
USD(C)/JPY(P)OTC - 100.00 - 12.11.14 CALL
USD(C)/JPY(P)OTC - 105.00 - 09.01.14 CALL
10YR US TREASRY NOTE - 121.00 - 21.02.14 PUT
90 DAY EURO$ - 97.62 - 14.12.15 PUT
90 DAY EURO$ - 97.87 - 14.12.15 PUT
90 DAY EURO$ - 99.50 - 14.12.15 CALL
Total securities portfolio
0.02
-21,440,892
-0.69
-8,378,780
-0.27
-1,685,012
-2,634,591
-1,349,257
-527,412
-14,366,359
-878,261
United States of America
-0.94
-1,781,280
-2,320,000
-2,755,000
-1,522,500
-0.05
-0.09
-0.04
-0.02
-0.46
-0.03
-0.06
-0.08
-0.08
-0.05
3,254,427,254 105.45
The accompanying notes form an integral part of these financial statements
93
Bond Global
Securities Portfolio as at 31/12/13
Belgium
5,000,000 BELGIUM 3.75% 28/09/2015
Canada
5,000,000 CANADA 1.00% 01/05/2015
2,800,000
2,000,000
3,000,000
1,000,000
1,400,000
2,000,000
2,500,000
1,500,000
2,500,000
1,478,000
2,500,000
990,918
3,350,000
5,000,000
3,000,000
15,000,000
1,500,000
1,500,000
3,000,000
1,200,000
3,000,000
France
AREVA 4.875% 23/09/2024
AXA SA VAR PERPETUAL
AXA SA VAR 16/04/2040
BPCE SA 4.625% 18/07/2023
BPCE SA 5.70% 22/10/2023
CNP ASSURANCES VAR PERPETUAL
CNP ASSURANCES VAR 14/09/2040
CREDIT AGRICOLE SA VAR PERPETUAL
CREDIT AGRICOLE SA VAR 19/09/2033
CSE NAT.CSES EPAR.PREVOYANCE VAR
PERPETUAL
EDF ELECTRICITE DE FRANCE VAR PERPETUAL
FRANCE OAT 0% 25/04/2016 STRIPS
FRANCE OAT 0% 25/04/2023 STRIPS
FRANCE OAT 0.25% 25/11/2015
FRANCE OAT 3.25% 25/05/2045
FRANCE OAT 4.50% 25/04/2041
GDF SUEZ VAR PERPETUAL
GDF SUEZ VAR PERPETUAL
LA MONDIALE VAR 25/04/2044
SOLVAY FINANCE SA VAR PERPETUAL
SUEZ VAR PERPETUAL
Germany
900,000 ALLIANZ SE VAR PERPETUAL
1,000,000 GERMANY BUND 4.75% 04/07/2034
13,000,000 GERMANY BUNDI 0.75% 15/04/2018
Ireland
900,000 AIB MORTGAGE BANK 2.625% 29/07/2016
1,000,000
400,000
700,000
20,000,000
5,000,000
20,000,000
17,000,000
Italy
ASSICURAZIONI GENERA VAR 12/12/2042
INTESA SANPAOLO SPA 4.125% 19/09/2016
INTESA SANPAOLO SPA 4.875% 10/07/2015
ITALY BTP 2.50% 01/03/2015
ITALY BTP 3.50% 01/06/2014
ITALY BTP 4.50% 01/03/2019
ITALY BTP 4.75% 01/05/2017
The accompanying notes form an integral part of these financial statements
94
455,826,742 125.26
9,324,066
4,849,218
4,474,848
7,306,029
7,306,029
4,704,870
4,704,870
86,363,182
4,253,732
2,960,415
4,424,666
1,450,678
1,450,036
2,782,219
3,709,304
2,495,713
2,767,650
2,067,159
2,482,950
1,354,020
3,657,085
6,886,099
3,977,177
24,863,042
2,200,448
2,138,916
4,461,127
1,698,119
4,282,627
22,870,863
1,272,300
1,819,238
19,779,325
1,270,911
1,270,911
102,204,637
1,582,920
581,746
1,013,722
28,028,881
6,964,159
29,825,177
25,394,737
2.56
1.33
1.23
2.01
2.01
1.29
1.29
23.72
1.17
0.81
1.22
0.40
0.40
0.76
1.02
0.69
0.76
0.57
0.68
0.37
1.00
1.89
1.09
6.82
0.60
0.59
1.23
0.47
1.18
6.29
0.35
0.50
5.44
0.35
0.35
28.08
0.43
0.16
0.28
7.70
1.91
8.19
6.98
USD
% of NaV
5,000,000 AUSTRALIA 5.25% 15/03/2019
5,000,000 QUEENSLAND TREASURY CORP 4.00% 21/06/2019
471,240,844 129.50
Market Value
Australia
USD
489,268,867 134.45
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1,000,000 ITALY BTP 5.25% 20/09/2016
3,000,000 TELECOM ITALIA SPA 5.625% 29/12/2015
1,800,000 UNICREDIT SPA 2.25% 16/12/2016
1,083,300
5,228,406
2,501,589
0.30
1.44
0.69
6,900,000 AFRICAN DEVELOPMENT BANK 7.375% 06/04/2023
8,836,140
2.43
Ivory Coast
Japan
200,000,000 JAPAN EXPRESSWAY HOLDING 2.87% 20/12/2046
Luxembourg
25,000,000 EUROPEAN INVESTMENT BANK (EIB) 1.90%
26/01/2026
650,000,000 EUROPEAN INVESTMENT BANK (EIB) 2.15%
18/01/2027
2,000,000 GAZ CAPITAL SA 3.70% 25/07/2018
5,000,000 VTB CAPITAL SA 6.25% 30/06/2035
Mexico
3,000,000 AMERICA MOVIL SAB DE CV VAR PERPETUAL
2,000,000 PETROLEOS MEXICANOS SA 3.125% 27/11/2020
2,000,000
4,300,000
3,000,000
1,000,000
2,192,588
2,192,588
15,418,081
262,951
7,006,307
2,856,973
5,291,850
7,092,998
4,309,539
2,783,459
2.43
0.60
0.60
4.24
0.07
1.93
0.79
1.45
1.95
1.19
0.76
Netherlands
14,512,839
Portugal
34,494,291
Spain
40,496,949
11.13
7,132,475
6,942,663
7,175,674
3,852,576
5,420,440
1.96
1.91
1.97
1.06
1.49
ABN AMRO BANK NV VAR PERPETUAL
ING GROEP NV FRN 27/02/2015
RABOBANK NEDERLAND 3.875% 25/07/2023
TELEFONICA EUROPE BV VAR PERPETUAL
10,000,000 PORTUGAL 3.35% 15/10/2015
15,000,000 PORTUGAL 4.35% 16/10/2017
1,000,000 FERROVIAL EMISIONES 3.375% 07/06/2021
3,000,000 INSTITUTO DE CREDITO OFICIAL 4.50% 17/03/2016
3,000,000 SANTANDER INTERNATIONAL DEBT SA 4.375%
04/09/2014
5,000,000 SPAIN 3.30% 30/07/2016
5,000,000 SPAIN 3.40% 30/04/2014
5,000,000 SPAIN 3.75% 31/10/2015
2,500,000 SPAIN 5.50% 30/04/2021
3,600,000 TELEFONICA SA 4.75% 07/02/2017
2,300,000
2,000,000
400,000
2,000,000
3,059,000
8,836,140
United Kingdom
AVIVA PLC VAR PERPETUAL
AVIVA PLC VAR 22/05/2038
BARCLAYS BANK PLC LONDON VAR PERPETUAL
LLOYDS TSB GROUP PLC 6.50% 14/09/2020
THE ROYAL BANK OF SCOTLAND GROUP PLC VAR
19/03/2022
11,000,000 UK GILT 4.25% 07/03/2036
400,000 UK GILT 4.75% 07/12/2038
12,000,000 UK GILT 5.00% 07/03/2025
United States of America
3,000,000 GE CAPITAL TRUST IV VAR PERPETUAL
2,740,743
5,937,686
4,149,104
1,685,306
13,896,350
20,597,941
1,380,169
4,367,413
4,225,539
3.99
0.75
1.64
1.14
0.46
9.48
3.82
5.66
0.38
1.20
1.16
56,542,159
15.54
20,056,841
788,744
23,280,332
5.51
0.22
6.39
3,195,844
3,145,612
567,715
2,279,480
3,227,591
42,196,139
4,243,149
0.88
0.86
0.16
0.63
0.89
11.60
1.17
Bond Global
Securities Portfolio as at 31/12/13
Ireland
2,200,000 FASTNET SECURITIES 9 LIMITED FRN 10/08/2053
Italy
3,000,000 SIENA MORTGAGES 07-5 S.P.A FRN 22/11/2070
Netherlands
2,700,000 ARENA 2011-I B.V. FRN 17/12/2042
United Kingdom
1,000,000 ARKLE MASTER ISSUER PLC SERIE 2006-1X
CLASS 5A1 FRN 17/05/2060
1,400,000 FOSSE MASTER ISSUER PLC FRN 18/10/2054
1,200,000 SILVERSTONE MASTER FRN 21/01/2055
Share/Units of UCITS/UCIS
Share/Units in investment funds
Luxembourg
8,647 AMUNDI FUNDS BOND GLOBAL CORPORATE OU C
3,100 AMUNDI BOND ASIAN LOCAL DEBT CLASS IU C
3,229 AMUNDI FUNDS BOND GLOBAL EMERGING CORP
OU-C
Derivative instruments
Options
Germany
300 EURO BUND FUTURE - 140.00 - 24.01.14 PUT
Luxembourg
40,000,000 USD(C)/CHF(P)OTC - 0.95 - 03.06.14 CALL
United States of America
1,000 90 DAY EURO$ - 99.00 - 14.12.15 PUT
1,748,314
0.48
15,414,102
1,748,314
3,045,132
3,045,132
2,873,435
2,873,435
3,778,979
3,778,979
3,968,242
1,400,036
1,327,096
1,241,110
16,452,015
16,452,015
16,452,015
9,479,835
3,802,460
3,169,720
229,600
0.79
1.04
1.04
1.09
0.39
0.36
0.34
4.52
4.52
4.52
2.61
1.04
0.87
0.43
0.05
0.06
0.06
0.32
1,156,251
-1,363,596
0.32
-0.37
Derivative instruments
-1,363,596
-0.37
-107,480
-0.03
Germany
-600 EURO BUND FUTURE - 138.00 - 24.01.14 PUT
Luxembourg
-80,000,000 USD(C)/CHF(P)OTC - 0.98 - 03.06.14 CALL
-1,363,596
-107,480
-118,616
-118,616
487,905,271 134.08
0.79
Short positions
Options
-0.11
-0.13
-0.07
0.84
0.05
1,156,251
-400,000
-475,000
-262,500
-0.31
0.84
190,157
229,600
-1,137,500
0.48
0.43
190,157
-1,000 90 DAY EURO$ - 97.62 - 14.12.15 PUT
-1,000 90 DAY EURO$ - 97.87 - 14.12.15 PUT
-1,000 90 DAY EURO$ - 99.50 - 14.12.15 CALL
4.24 Total securities portfolio
1,576,008
1,576,008
United States of America
USD
% of NaV
5,000,000 LOGGIAS 2003-1 VAR 24/11/2025
1.30
1.36
5.79
0.39
1.59
Market Value
France
4,724,246
4,966,050
21,056,601
1,404,617
5,801,476
Quantity
Mortgage and asset backed securities
USD
% of NaV
GOLDMAN SACHS GROUP 5.125% 23/10/2019
HSBC FINANCE CORPORATION FRN 01/06/2016
USA T-BONDS 3.125% 15/11/2041
USA T-BONDS 5.375% 15/02/2031
USA T-BONDSI 1.375% 15/01/2020
Market Value
Quantity
3,000,000
5,000,000
24,500,000
1,150,000
5,000,000
-0.37
-0.03
-0.03
-0.03
The accompanying notes form an integral part of these financial statements
95
Bond Global Inflation
Securities Portfolio as at 31/12/13
700,000
2,800,000
1,920,000
3,450,000
1,200,000
3,055,000
6,595,000
3,920,000
2,880,000
2,950,000
2,695,000
510,000
2,250,000
1,210,000
France
35,451,099
11.87
Italy
63,922,312
21.41 Share/Units of UCITS/UCIS
FRANCE OATI 0.25% 25/07/2018
FRANCE OATI 0.25% 25/07/2024
FRANCE OATI 1.30% 25/07/2019
FRANCE OATI 1.60% 25/07/2015
FRANCE OATI 1.80% 25/07/2040
FRANCE OATI 3.15% 25/07/2032
ITALY BTPI 1.70% 15/09/2018
ITALY BTPI 2.10% 15/09/2021
ITALY BTPI 2.35% 15/09/2019
ITALY BTPI 2.35% 15/09/2035
ITALY BTPI 2.55% 15/09/2041
ITALY BTPI 2.60% 15/09/2023
ITALY BTPI 3.10% 15/09/2026
Japan
Sweden
SWEDENI 0.50% 01/06/2017
SWEDENI 3.50% 01/12/2015
SWEDENI 3.50% 01/12/2028
SWEDENI 4.00% 01/12/2020
United Kingdom
UK GILTI 0.125% 22/03/2044
UK GILTI 0.375% PERPETUAL
UK GILTI 0.50% PERPETUAL
UK GILTI 0.625% 22/03/2040
UK GILTI 0.625% 22/11/2042
UK GILTI 0.75% 22/11/2047
UK GILTI 1.125% 22/11/2037
UK GILTI 1.25% 22/11/2017
UK GILTI 1.25% 22/11/2027
UK GILTI 1.25% 22/11/2032
UK GILTI 1.25% PERPETUAL
UK GILTI 1.875% 22/11/2022
UK GILTI 2.00% 26/01/2035
UK GILTI 2.50% 16/04/2020
The accompanying notes form an integral part of these financial statements
96
USA T-BONDSI 0.125% 15/01/2023
USA T-BONDSI 0.125% 15/04/2016
USA T-BONDSI 0.125% 15/07/2022
USA T-BONDSI 0.50% 15/04/2015
USA T-BONDSI 0.625% 15/07/2021
USA T-BONDSI 1.375% 15/07/2018
USA T-BONDSI 1.75% 15/01/2028
USA T-BONDSI 1.875% 15/07/2019
USA T-BONDSI 2.125% 15/01/2019
USA T-BONDSI 2.125% 15/02/2040
USA T-BONDSI 2.125% 15/02/2041
USA T-BONDSI 2.50% 15/01/2029
USA T-BONDSI 2.625% 15/07/2017
USA T-BONDSI 3.375% 15/04/2032
USA T-BONDSI 3.875% 15/04/2029
3.26
271,200,000 JAPAN JGBI 0.50% 10/06/2015
147,300,000 JAPAN JGBI 1.10% 10/09/2016
469,700,000 JAPAN JGBI 1.20% 10/12/2017
6,000,000
8,000,000
10,765,000
98,070,000
307,546,775 103.00
2,500,000
9,000,000
14,000,000
23,800,000
13,100,000
4,220,000
5,500,000
4,300,000
6,500,000
4,650,000
6,650,000
2,150,000
18,440,000
2,100,000
3,600,000
4,233,669
3,770,261
1,725,307
4,226,488
2,396,846
2,285
23,530,178
1,160,907
4,134,395
7,237,743
16,333,103
11,289,030
2,606,533
1,177,926
17,298,201
7,979,776
6,722,484
1,983,125
1,109,349
3,630,010
21,298,516
710,740
1,180,962
1,991,025
17,415,789
68,189,435
875,310
4,185,351
3,142,433
5,461,424
1,974,383
5,438,297
12,241,434
6,769,074
5,215,829
5,004,699
6,373,392
895,490
5,378,087
5,234,232
1.42
1.26
0.58
1.42
0.80
0.00
7.88
0.39
1.38
2.42
5.48
3.78
0.87
0.39
5.80
2.67
2.25
0.66
0.37
1.22
7.13
Share/Units in investment funds
France
0.003 AMUNDI TRESO EONIA ISR I C
4 AMUNDI TRESO 3 MOIS I C
Luxembourg
6,800 AMUNDI FUNDS BOND EMERGING INFLATION IE CAP
Money market instrument
Bonds
Canada
10,000,000 CANADAI 4.25% 01/12/2026
United States of America
0.24
0.40
11,900,000 USA T-BONDSI 2.375% 15/01/2025
0.67
5.82 Derivative instruments
22.84
Options
Germany
0.29
140 EURO BUND FUTURE - 139.50 - 24.01.14 PUT
1.40
1.05 Short positions
1.83
0.66 Derivative instruments
1.82
Options
4.11
Germany
2.27
1.75
-140 EURO BUND FUTURE - 138.50 - 24.01.14 PUT
1.68
Total
securities
portfolio
2.13
0.30
1.80
1.75
EUR
% of NaV
7,150,000
15,500,000
10,000,000
2,400,000
1,250,000
15,400,000
7,400,000
307,546,775 103.00
United States of America
9,729,237
3,810,000 CANADAI 3.00% 01/12/2036
2,770,000 CANADAI 4.00% 01/12/2031
1,340,000 CANADAI 4.25% 01/12/2021
4,000,000
2,500,000
2,000
19,000,000
895,000
2,490,000
EUR
344,011,987 115.21
Market Value
Canada
Quantity
Bonds
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
102,233,692
34.24
10,756,614
3.60
1,733,096
7,102,384
9,882,274
19,042,122
10,002,065
3,599,451
4,761,688
3,796,128
5,735,018
4,087,937
5,773,287
1,992,247
16,976,655
2,665,817
5,083,523
10,756,614
3,858,135
657
3,857,478
0.58
2.38
3.31
6.38
3.35
1.21
1.59
1.27
1.92
1.37
1.93
0.67
5.69
0.89
1.70
3.60
1.29
0.00
1.29
6,898,479
2.31
25,676,398
8.60
6,898,479
25,676,398
2.31
8.60
13,384,170
4.48
12,292,228
4.12
13,384,170
12,292,228
32,200
32,200
32,200
32,200
-35,000
-35,000
-35,000
-35,000
-35,000
4.48
4.12
0.01
0.01
0.01
0.01
-0.01
-0.01
-0.01
-0.01
-0.01
343,976,987 115.20
Bond Enhanced RMB
Securities Portfolio as at 31/12/13
9,632,256
88.03
625,911
5.72
9,632,256
2,000,000 CNPC GOLDEN AUTUMN LTD 2.95% 26/10/2014
300,000 PROSPEROUS RAY LTD 3.00% 12/11/2018
331,771
294,140
300,000 CHINA OVERSEAS FINANCE CAYMAND 3.375%
29/10/2018
291,057
Cayman Islands
China
3,000,000 BAOSTEEL GROUP CORPORATION 4.15%
01/03/2017
5,000,000 CHINA DEVELOPMENT BANK 3.60% 13/11/2018
3,000,000 CHINA GUANGDONG NUCLEAR POWER HOLDING
CO LTD 3.75% 01/11/2015
12,000,000 CHINA 1.80% 01/12/2015
1,000,000 CHINA 3.30% 27/10/2014
3,000,000 REPUBLIC OF CHINA 1.40% 18/08/2016
France
2,000,000 SOCIETE GENERALE 5.00% 19/04/2015
Hong Kong (China)
2,000,000 HKCG FINANCE LTD 1.40% 11/04/2016
India
500,000 HDFC BANK LTD 3.00% 06/03/2018
Singapore
300,000 CAPITAMALL TRUST MTN PTE LTD 3.731%
21/03/2018
2,000,000 GLOBAL LOGISTIC PROPERTIES LTD 3.375%
11/05/2016
3,000,000 ICICI BANK LIMITED 4.90% 21/09/2015
2,000,000 INDUSTRIAL AND CIAL BK CHINA 3.20% 28/11/2015
300,000 OVERSEA-CHINESE BANKING CORP VAR
15/11/2022
291,057
88.03
3.03
2.69
825,904
500,538
7.56
4.57
17.97
1.52
4.42
339,564
3.10
318,320
481,908
481,908
4.40
3.02
2.86
4.62
3.04
2.83
336,419
3.07
Sweden
500,385
4.57
3,000,000 VOLVO TREASURY AB 3.80% 22/11/2015
United Kingdom
1,000,000 BP CAPITAL MARKETS PLC 3.95% 08/10/2018
2,000,000 STANDARD CHARTERED PLC 2.625% 31/05/2016
500,385
498,614
169,554
329,060
7.50
4.40
330,015
336,419
95.53
820,153
2.91
South Korea
2,000,000 SK CHEMICALS 4.125% 26/09/2016
10,452,409
2.91
16.37
506,890
332,245
309,398
7.50
3.10
1,791,367
312,819
7.50
820,153
4.63
1,965,328
166,740
483,434
318,320
5,000,000 SUMITOMO MITSUI BANKING 1.10% 22/04/2014
Total securities portfolio
820,153
7.50
2.66
40.67
339,564
Bonds
Japan
820,153
2.66
4,448,711
506,767
Money market instrument
USD
% of NaV
95.53
Market Value
British Virgin Islands
10,452,409
Quantity
Bonds
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
3.07
4.57
4.56
1.55
3.01
The accompanying notes form an integral part of these financial statements
97
Bond Asian Local Debt
Securities Portfolio as at 31/12/13
Cayman Islands
2,000,000 CHINA MERCHANTS LAND LTD 4.021% 11/12/2018
2,400,000 CHINA OVERSEAS FINANCE CAYMAND 3.375%
29/10/2018
800,000 COUNTRY GARDEN HOLDINGS 11.125% 23/02/2018
500,000 DBS CAPITAL FUNDING II CORP VAR PERPETUAL
China
1,000,000 AGRICULTURAL BANK OF CHINA 2.875% 10/12/2018
15,000,000 CHINA DEVELOPMENT BANK 4.20% 19/01/2027
Hong Kong (China)
96.30
2,961,248
4.48
63,715,893
499,645
1,481,138
980,465
5,633,445
1,994,110
2,328,456
895,096
415,783
3,371,039
984,465
2,386,574
2,733,114
1,500,000 BANK OF EAST ASIA LT VAR 13/09/2022
1,000,000 HONG KONG MONETARY AUTHORITY 3.27%
28/08/2023
1,500,000 LS FINANCE LTD 4.25% 16/10/2022
1,221,776
140,758
1,500,000 HDFC BANK LTD 3.00% 06/03/2018
300,000 HDFC BANK LTD 3.00% 30/11/2016
500,000 ONGC VIDESH 2.50% 07/05/2018
1,445,722
300,254
472,233
India
4,000,000,000
15,000,000,000
4,000,000,000
20,000,000,000
12,000,000,000
8,000,000,000
4,500,000,000
20,000,000,000
20,000,000,000
10,000,000,000
1,000,000
5,000,000
8,000,000
1,000,000
2,000,000
Indonesia
INDONESIA 10.50% 15/07/2038
INDONESIA 10.50% 15/08/2030
INDONESIA 11.00% 15/09/2025
INDONESIA 11.50% 15/09/2019
INDONESIA 11.60% 15/08/2018
INDONESIA 7.00% 15/05/2027
INDONESIA 8.25% 15/07/2021
INDONESIA 8.375% 15/09/2026
INDONESIA 9.50% 15/07/2023
INDONESIA 9.75% 15/05/2037
Malaysia
MALAYSIA 3.814% 15/02/2017
MALAYSIA 3.889% 31/07/2020
MALAYSIA 4.24% 07/02/2018
MALAYSIA 4.392% 15/04/2026
MALAYSIA 4.498% 15/04/2030
Philippines
40,000,000 PHILIPPINES 10.25% 19/01/2026
40,000,000 PHILIPPINES 4.00% 06/12/2022
40,000,000 PHILIPPINES 4.75% 30/08/2019
The accompanying notes form an integral part of these financial statements
98
63,715,893
1,370,580
2,218,209
10,250,184
369,683
1,392,012
381,109
1,886,032
1,120,995
559,688
367,138
1,575,876
1,733,370
864,281
5,223,329
307,616
1,517,372
2,488,696
305,108
604,537
5,560,075
1,379,012
926,501
974,952
96.30
0.76
2.24
1.48
8.51
3.01
3.52
1.35
0.63
5.10
1.49
3.61
4.13
1.85
0.21
2.07
3.35
2.19
0.45
0.71
15.49
0.56
2.10
0.58
2.85
1.69
0.85
0.55
2.38
2.62
1.31
7.89
0.46
2.29
3.77
0.46
0.91
8.40
40,000,000 PHILIPPINES 5.00% 18/08/2018
37,000,000 PHILIPPINES 6.125% 16/09/2020
10,000,000 PHILIPPINES 8.75% 27/05/2030
Singapore
1,000,000 CLIFFORD CAPITAL PTE LTD 1.625% 05/11/2018
3,000,000 GLOBAL LOGISTIC PROPERTIES LTD 3.375%
11/05/2016
3,000,000 INDUSTRIAL AND CIAL BK CHINA 3.20% 28/11/2015
1,250,000 NTUC INCOME INSURANCE VAR 23/08/2027
500,000 OVERSEA-CHINESE BANKING CORP VAR
15/11/2022
500,000 OVERSEA-CHINESE BANKING CORP 4.00%
PERPETUAL
1,000,000 SINGAPORE 0.50% 01/04/2018
500,000 SINGAPORE 2.25% 01/06/2021
1,000,000 SINGAPORE 2.50% 01/06/2019
500,000 SINGAPORE 2.75% 01/04/2042
500,000 SINGAPORE 2.875% 01/09/2030
500,000 SINGAPORE 3.125% 01/09/2022
800,000 SINGAPORE 3.50% 01/03/2027
500,000 SINGAPORE 4.00% 01/09/2018
South Korea
200,000 KOREA FINANCE CORP 2.875% 22/08/2018
1,500,000 KOREA WESTERN POWER CO LTD 2.875%
10/10/2018
200,000 SK BROADBAND 2.875% 29/10/2018
7,000,000 SK CHEMICALS 4.125% 26/09/2016
500,000,000 SOUTH KOREA 0% 10/03/2016 DIRTY
1,100,000,000 SOUTH KOREA 0% 10/03/2028 DIRTY
500,000,000 SOUTH KOREA 0% 10/06/2022 DIRTY
1,000,000,000 SOUTH KOREA 0% 10/09/2016 DIRTY
1,000,000,000 SOUTH KOREA 0% 10/09/2017 DIRTY
1,000,000,000 SOUTH KOREA 0% 10/09/2018 DIRTY
500,000,000 SOUTH KOREA 0% 10/09/2018 DIRTY
1,200,000,000 SOUTH KOREA 3.375% 10/09/2023
2,200,000,000 SOUTH KOREA 4.00% 10/12/2031
10,000,000
10,000,000
23,000,000
15,000,000
15,000,000
4,800,000
15,000,000
8,000,000
10,000,000
Thailand
THAILAND 3.25% 16/06/2017
THAILAND 3.45% 08/03/2019
THAILAND 3.58% 17/12/2027
THAILAND 3.65% 17/12/2021
THAILAND 3.775% 25/06/2032
THAILAND 3.80% 14/06/2041
THAILAND 3.85% 12/12/2025
THAILAND 5.67% 13/03/2028
THAILANDI 1.20% 14/07/2021
United Kingdom
6,000,000 BP CAPITAL MARKETS PLC 3.95% 08/10/2018
80,000,000 INTERNATIONAL FINANCE FACILITY 7.75%
2.08
03/12/2016
1.40
1.47 Total securities portfolio
USD
983,550
968,349
327,711
% of NaV
500,000 AMIPEACE LTD 2.00% 06/12/2016
1,500,000 POLY REAL ESTATE FINANCE 4.50% 06/08/2018
1,000,000 PROSPEROUS RAY LTD 3.00% 12/11/2018
96.30
Market Value
British Virgin Islands
63,715,893
Quantity
Bonds
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1.49
1.46
0.50
8,159,431
12.33
498,367
996,494
515,663
0.75
1.50
0.78
976,625
495,023
392,403
773,729
394,424
824,092
374,545
388,088
415,809
670,046
444,123
1.47
0.75
0.59
1.17
0.60
1.25
0.57
0.59
0.63
1.01
0.67
11,981,819
18.12
197,583
1,177,465
491,095
1,262,709
481,302
969,901
941,541
955,835
532,899
1,127,973
2,146,561
0.30
1.78
0.74
1.91
0.73
1.47
1.42
1.44
0.81
1.70
3.25
201,462
1,495,493
3,309,718
307,270
304,885
659,584
451,945
424,339
131,368
447,312
281,812
301,203
2,314,282
1,017,327
1,296,955
63,715,893
0.30
2.27
5.00
0.46
0.46
0.99
0.68
0.64
0.20
0.68
0.43
0.46
3.50
1.54
1.96
96.30
Bond Emerging Inflation
Securities Portfolio as at 31/12/13
1,500,000
6,000,000
4,100,000
5,400,000
700,000
4,500,000
45,000
25,000
55,600
59,400
48,000
59,000
10,000
Chile
CHILE 0.00% 01/02/2031 DIRTY
CHILEI 0.00% 01/02/2021 DIRTY
CHILEI 0.00% 01/02/2041 DIRTY
CHILEI 0.00% 01/07/2017 DIRTY
Israel
96.12 Total securities portfolio
13,414,609
24.50
52,644,816
1,211,838
1,916,211
1,896,581
1,770,313
434,964
1,654,873
944,560
3,585,269
3,425,241
522,727
399,394
239,662
2,263,458
96.12
0.95
0.73
0.44
4.13
Mexico
12,200,022
22.28
Poland
1,950,978
3.56
MEXICOI 2.00% 09/06/2022
MEXICOI 2.50% 10/12/2020
MEXICOI 3.50% 14/12/2017
MEXICOI 4.00% 15/11/2040
MEXICOI 4.50% 18/12/2014
MEXICOI 4.50% 22/11/2035
MEXICOI 5.00% 16/06/2016
South Africa
SOUTH AFRICAI 2.50% 31/12/2050
SOUTH AFRICAI 2.60% 31/03/2028
SOUTH AFRICAI 2.75% 31/01/2022
SOUTH AFRICAI 3.45% 07/12/2033
SOUTH AFRICAI 5.50% 07/12/2023
Thailand
30,000,000 THAILANDI 1.20% 14/07/2021
Turkey
1,500,000 TURKEYI 2.00% 26/10/2022
940,000 TURKEYI 3.00% 06/01/2021
639,656
2,390,673
1,876,308
2,515,106
233,062
1,514,266
1,664,242
980,826
2,320,925
2,350,770
1,938,583
2,518,001
426,675
609,499
1,341,479
5,045,600
319,051
425,762
499,782
1,967,373
1,833,632
897,994
897,994
6,541,301
689,193
532,451
96.12
6.25
16.74
BANK OF ISRAELI 0.00% 30/04/2015 DIRTY
ISRAELI 0.00% 30/04/2018 DIRTY
ISRAELI 0.00% 30/05/2036 DIRTY
ISRAELI 0.00% 30/07/2021 DIRTY
ISRAELI 0.00% 30/08/2041 DIRTY
ISRAELI 0.00% 30/09/2022 DIRTY
52,644,816
5.13
4.58
2.21
3.51
3.46
3.23
0.79
3.02
1.72
6.56
9,169,071
1,500,000 POLANDI 2.75% 25/08/2023
3,000,000 POLANDI 3.00% 24/08/2016
3,000,000
2,800,000
4,000,000
9,820,000
7,000,000
52,644,816
USD
2,811,836
2,507,821
% of NaV
253,327,910
195,753,385
115,149,050
1,151,490,500
BRAZILI 6.00% 15/05/2017
BRAZILI 6.00% 15/05/2045 DIRTY
BRAZILI 6.00% 15/08/2020 DIRTY
BRAZILI 6.00% 15/08/2024 DIRTY
BRAZILI 6.00% 15/08/2030
BRAZILI 6.00% 15/08/2040 DIRTY
BRAZILI 6.00% PERPETUAL DIRTY
BRESILI 6.00% 15/05/2015 DIRTY
5,200,000 TURKEYI 3.00% 21/07/2021
4,000,000 TURKEYI 4.50% 11/02/2015
Market Value
1,200
2,050
1,900
1,800
450
1,750
1,000
3,500
Brazil
96.12
Quantity
Bonds
USD
52,644,816
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1.17
4.36
3.43
4.59
0.43
2.76
3.04
1.79
4.24
4.29
3.54
4.60
0.78
1.11
2.45
9.21
0.58
0.78
0.91
3.59
3.35
1.64
1.64
11.94
1.26
0.97
The accompanying notes form an integral part of these financial statements
99
Bond Global Emerging
Securities Portfolio as at 31/12/13
Brazil
35,000 BRAZIL 10.00% 01/01/2014 DIRTY
90,000 BRAZIL 10.00% 01/01/2015 DIRTY
65,000 BRAZIL 10.00% 01/01/2017 DIRTY
Colombia
10,000,000,000 COLOMBIA 12.00% 22/10/2015
2,500,000,000 COLOMBIA 7.75% 14/04/2021
Hungary
1,000,000,000 HUNGARY 6.00% 24/11/2023
180,000,000,000
20,000,000,000
20,000,000,000
140,000,000,000
101
0.00
405,585,719
101
78,618,760
14,797,238
37,839,427
25,982,095
7,284,187
5,852,743
1,431,444
4,693,913
4,693,913
95.77
0.00
18.55
3.49
8.93
6.13
1.72
1.38
0.34
1.11
1.11
25,844,513
6.10
Ireland
14,321,344
3.38
INDONESIA 5.625% 15/05/2023
INDONESIA 7.00% 15/05/2022
INDONESIA 7.00% 15/05/2027
INDONESIA 8.25% 15/06/2032
Luxembourg
3,000,000 COSAN LUXEMBOURG SA 9.50% 14/03/2018
Malaysia
30,000,000 MALAYSIA 3.26% 01/03/2018
23,000,000 MALAYSIA 4.262% 15/09/2016
11,000,000 MALAYSIA 4.392% 15/04/2026
Mexico
MEXICO 10.00% 05/12/2024
MEXICO 6.50% 10/06/2021
MEXICO 8.00% 07/12/2023
MEXICO 8.50% 13/12/2018
MEXICO 8.50% 18/11/2038
MEXICO 8.50% 31/05/2029
MEXICOI 4.00% 15/11/2040
Peru
3,000,000 REPUBLIC OF PERU 6.90% 12/08/2037
7,000,000 REPUBLIC OF PERU 6.95% 12/08/2031
500,000 REPUBLIC OF PERU 7.84% 12/08/2020
Philippines
33,000,000 PHILIPPINES 3.90% 26/11/2022
100,000,000 PHILIPPINES 4.95% 15/01/2021
The accompanying notes form an integral part of these financial statements
100
95.77
Indonesia
300,000,000 AHML FINANCE LIMITED 7.75% 13/02/2018
175,000,000 GPB EUROBOND FINANCE PLC 8.617% 15/12/2015
1,000,000
600,000
1,000,000
1,000,000
1,300,000
300,000
100,000
405,585,719
12,178,033
1,507,494
1,399,228
10,759,758
8,968,135
5,353,209
1,106,162
1,106,162
19,550,433
9,013,330
7,180,984
3,356,119
49,198,428
9,775,495
4,704,891
8,513,006
8,655,556
10,986,905
2,605,050
3,957,525
3,773,748
1,058,805
2,511,944
202,999
3,128,896
725,989
2,402,907
2.87
0.36
0.33
2.54
2.12
1.26
0.26
0.26
4.62
2.13
1.70
0.79
11.62
30,000,000
5,000,000
7,000,000
27,000,000
Poland
23,824,477
5.63
Romania
11,245,078
2.66
Russia
44,496,262
10.51
South Africa
70,920,711
16.75
11,620,950
2.74
POLAND 2.50% 25/07/2018
POLAND 5.50% 25/10/2019
POLAND 5.75% 23/09/2022
POLAND 5.75% 25/04/2029
15,000,000 ROMANIA 5.75% 27/01/2016
15,000,000 ROMANIA 5.80% 26/10/2015
5,000,000 ROMANIA 5.90% 26/07/2017
500,000,000
300,000,000
470,000,000
170,000,000
200,000,000
150,000,000
65,000,000
200,000,000
50,000,000
100,000,000
USD
% of NaV
83 ARGENTINA 8.28% 31/12/2033
96.71
Market Value
Argentina
409,586,622
Quantity
Bonds
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
RUSSIA 6.88% 15/07/2015
RUSSIA 7.50% 15/03/2018
RUSSIA 7.60% 14/04/2021
RUSSIA 8.15% 03/02/2027
SOUTH AFRICA 13.50% 15/09/2015
SOUTH AFRICA 6.50% 28/02/2041
SOUTH AFRICA 7.00% 28/02/2031
SOUTH AFRICA 8.00% 21/12/2018
SOUTH AFRICA 8.25% 15/09/2017
SOUTH AFRICA 8.75% PERPETUAL
Thailand
100,000,000 THAILAND 2.80% 10/10/2017
150,000,000 THAILAND 3.25% 16/06/2017
140,000,000 THAILAND 3.58% 17/12/2027
9,477,661
1,797,095
2,561,402
9,988,319
4,813,333
4,808,379
1,623,366
15,364,725
9,339,163
14,451,137
5,341,237
21,318,826
10,565,560
5,210,179
19,736,012
4,977,636
9,112,498
3,002,358
4,609,148
4,009,444
Turkey
25,531,996
Venezuela
10,425,760
35,000,000 TURKEY 6.30% 14/02/2018
25,000,000 TURKEY 7.10% 08/03/2023
4,000,000 TURKEY 8.50% 14/09/2022
5,000,000 PETROLEOS DE VENEZUELA 4.90% 28/10/2014
7,000,000 PETROLEOS DE VENEZUELA 8.50% 02/11/2017
2.31 Share/Units of UCITS/UCIS
1.11
Share/Units in investment funds
2.01
Luxembourg
2.04
2.60
4,000 AMUNDI FUNDS BOND EMERGING INFLATION IU CAP
0.62
0.93 Derivative instruments
14,293,677
9,551,397
1,686,922
4,603,300
5,822,460
3,691,280
3,691,280
3,691,280
3,691,280
2.24
0.42
0.60
2.37
1.14
1.14
0.38
3.63
2.21
3.41
1.26
5.04
2.49
1.23
4.66
1.18
2.15
0.71
1.08
0.95
6.03
3.37
2.26
0.40
2.46
1.09
1.37
0.87
0.87
0.87
0.87
309,623
0.07
Luxembourg
309,623
0.07
0.17 Total securities portfolio
0.57
409,586,622
96.71
0.89
0.25
0.59
0.05
0.74
Options
100,000,000 USD(P)/INR(C)OTC - 59.00 - 27.02.14 PUT
100,000,000 USD(P)/RUB(C)OTC - 32.00 - 27.02.14 PUT
100,000,000 USD(P)/TRY(C)OTC - 2.00 - 17.01.14 PUT
309,623
120,605
169,487
19,531
0.07
0.03
0.04
0.00
Bond Global Emerging Corporate
Securities Portfolio as at 31/12/13
180,944,147
95.72
977,380
0.52
180,944,147
977,380
Australia
1,496,955
Azerbaijan
1,885,000
1,500,000 CNOOC CURTIS FUNDING 4.50% 03/10/2023
2,000,000 STATE OIL COMPANY OF AZERBAIDJAN 4.75%
13/03/2023
Bermuda
1,200,000 QTEL INTERNATIONAL FINANCE LTD 3.25%
21/02/2023
Brazil
2,300,000 BANCO DO BRASIL SA GRAND CAYMAN BRANCH
3.875% 10/10/2022
1,500,000 BCO NACL DESENVOL ECO E SOCIAL 3.375%
26/09/2016
3,000,000 CAIXA ECONOMICA FEDERAL 4.50% 03/10/2018
800,000 VOTORANTIM CIMENTOS 7.25% 05/04/2041
British Virgin Islands
950,000 BESTGAIN REAL ESTATE LIMITED 2.625%
13/03/2018
3,000,000 IFC DEVELOPMENT CORP TRS 2.375% 21/05/2019
1,200,000 PCCW HKT CAPITAL 3.75% 08/03/2023
500,000 QGOG ATLANTIC / ALASKAN RIGS 5.25% 30/07/2018
1,000,000 STAR ENERGY GEOTHERMAL 6.125% 27/03/2020
Cayman Islands
1,600,000 ANTON OILFIELD SERVICES GROUP 7.50%
06/11/2018
1,200,000 CHINA OVERSEAS FINANCE CAYMAND 5.375%
29/10/2023
1,200,000 CHINA OVERSEAS FINANCE CAYMAND 6.375%
29/10/2043
2,000,000 COUNTRY GARDEN HOLDINGS 11.125% 23/02/2018
1,000,000 COUNTRY GARDEN HOLDINGS 7.50% 10/01/2023
1,000,000 GRUPO AVAL LTD 4.75% 26/09/2022
4,300,000 HUTCHISON INTL 10 LT VAR PERPETUAL
3,000,000 MAF GLOBAL SECURITIES LTD VAR PERPETUAL
2,500,000 ODEBRECHT FINANCE LTD 5.125% 26/06/2022
1,500,000 ODEBRECHT FINANCE LTD 7.125% 26/06/2042
1,400,000 SHIMAO PROPERTY HOLDINGS LTD 6.625%
14/01/2020
2,000,000 SUN HUNG KAI & CO LTD 3.625% 16/01/2023
250,000 TELEMOVIL FINANCE 8.00% 01/10/2017
Chile
1,000,000 AES GENER VAR PERPETUAL
1,496,955
1,885,000
1,078,392
1,078,392
95.72
1.00
1,800,000 CROATIA 6.00% 26/01/2024
0.79
1.00
0.57
0.57
1,520,235
0.80
6,083,258
887,329
2,824,260
1,085,904
352,865
932,900
22,952,672
1,665,872
1,152,564
1,092,360
2,237,740
963,270
929,620
4,562,901
3,030,000
2,439,775
1,385,970
1,352,750
1,873,600
266,250
6,819,380
1,047,710
Colombia
0.79
3.84
2,981,910
762,624
AUTOMOTORES GILDERMEISTER 6.75% 15/01/2023
BANCO SANTANDER-CHIL 3.875% 20/09/2022
CFRR INTERNATIONAL SPA 5.125% 06/12/2022
CORPBANCA 3.125% 15/01/2018
3,000,000 BANCOLOMBIA SA 5.95% 03/06/2021
1,500,000 COLOMBIA 4.00% 26/02/2024
3,000,000 ECOPETROL SA 5.875% 18/09/2023
0.52
7,265,769
2,001,000
1,500,000
1,000,000
1,000,000
3,000,000
1.06
1.58
0.40
3.22
0.47
1.50
0.57
0.19
0.49
12.13
0.88
0.61
0.58
1.18
0.51
0.49
2.41
1.60
1.29
0.73
0.72
0.99
0.14
3.61
0.55
Croatia
Hong Kong (China)
2,800,000 CRCC YUXIANG 3.50% 16/05/2023
1,500,000 HAINAN AIRLINES (HONG KONG) CO 3.625%
07/02/2020
1,000,000 HAITONG INTERNATIONAL FINANCE 3.95%
29/10/2018
500,000
2,000,000
3,500,000
2,000,000
3,120,000
1,446,000
3,165,000
1.65
0.76
1.68
7,731,000
1,791,234
1,791,234
4,976,089
2,539,264
1,439,265
997,560
4.09
0.95
0.95
2.63
1.34
0.76
0.53
1.68
Indonesia
1,984,340
1.05
Ireland
ALFA BOND ISSUANCE PLC 7.75% 28/04/2021
ALFA BOND ISSUANCE 7.50% 26/09/2019
EDC FINANCE LTD 4.875% 17/04/2020
VEB FINANCE LIMITED 4.224% 21/11/2018
Kazakhstan
1,700,000 EURASIAN DEVELOPMENT BANK 5.00% 26/09/2020
1,000,000
2,000,000
2,000,000
1,500,000
0.54
0.51
0.49
1.52
3,173,125
2,000,000 BERAU COAL ENERGY TB 7.25% 13/03/2017
2,500,000
2,000,000
2,400,000
2,000,000
3,000,000
1,015,140
956,360
925,840
2,874,330
India
2,000,000 AXIS BANK LTD 5.125% 05/09/2017
1,300,000 ONGC VIDESH 3.75% 07/05/2023
4,000,000
2,000,000
1,000,000
3,300,000
USD
% of NaV
1,000,000 PROVINCIA DE BUENOS AIRES 11.75% 05/10/2015
95.72
Market Value
Argentina
180,944,147
Quantity
Bonds
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Luxembourg
ANDRADE GUTIERREZ INTL 4.00% 30/04/2018
MHP SA 8.25% 02/04/2020
MILLICOM INTL CELLUL 4.75% 22/05/2020
MILLICOM INTL CELLUL 6.625% 15/10/2021
OFFSHORE DRILLING HOLDINGS 8.375%
20/09/2020
RSHB CAPITAL SA 5.10% 25/07/2018
SB CAPITAL SA 5.25% 23/05/2023
VIP FINANCE 7.748% 02/02/2021
VTB CAPITAL SA 6.00% 12/04/2017
Mexico
ALPEK SA DE CV 4.50% 20/11/2022
CEMEX SA 5.875% 25/03/2019
CEMEX SA 7.25% 15/01/2021
COMISION FEDERAL DE ELECTRICIDAD 4.875%
15/01/2024
2,000,000 MEXICHEM SA DE CV 4.875% 19/09/2022
1,200,000 PETROLEOS MEXICANOS SA 3.125% 27/11/2020
2,075,060
1,098,065
1,984,340
10,717,365
4,290,880
2,137,440
973,040
3,316,005
1,734,187
1,734,187
18,425,145
2,386,575
1,781,660
2,311,800
2,078,220
3,200,250
1,024,290
1,872,920
2,172,200
1,597,230
15,817,785
478,235
2,009,840
3,625,790
1,994,180
1,960,620
1,670,075
1.10
0.58
1.05
5.67
2.28
1.13
0.51
1.75
0.92
0.92
9.75
1.27
0.94
1.22
1.10
1.70
0.54
0.99
1.15
0.84
8.37
0.25
1.06
1.93
1.05
1.04
0.88
The accompanying notes form an integral part of these financial statements
101
Bond Global Emerging Corporate
Securities Portfolio as at 31/12/13
1,389,645
0.73
2,500,000
1,000,000
2,600,000
1,500,000
3,000,000
2,000,000
Peru
BANCO DE CREDITO DEL PERU VAR 24/04/2027
BANCO DE CREDITO DEL PERU 5.375% 16/09/2020
BBVA BANCO CONTINENTAL 2.25% 29/07/2016
BBVA BANCO CONTINENTAL 3.25% 08/04/2018
CORP LINDLEY SA 4.625% 12/04/2023
VOLCAN COMPANIA MINERA SA 5.375% 02/02/2022
Philippines
600,000 ALLIANCE GLOBAL GROUP INC 6.50% 18/08/2017
Russia
500,000 HOME CREDIT AND FINANCE BANK OOO 9.375%
24/04/2020
3,000,000 LUKOIL HOLDINGS 6.125% 09/11/2020
Singapore
1,000,000 CAPITAMALL TRUST MTN PTE LTD 3.731%
21/03/2018
900,000 DBS BANK LTD 3.625% 21/09/2022
700,000 OVERSEA-CHINESE BANKING CORP VAR
11/03/2023
890,890
1,290,003
1,004,050
12,276,288
2,508,275
1,045,580
2,599,428
1,503,225
2,778,840
1,840,940
636,240
636,240
3,753,615
501,015
3,252,600
2,668,271
1,042,730
925,254
700,287
South Korea
2,096,951
Thailand
4,311,890
1,100,000 KOREA GAS CORP 2.875% 29/07/2018
1,000,000 SK BROADBAND 2.875% 29/10/2018
1,500,000 BANGKOK BANK PUBLIC 5.00% 03/10/2023
2,000,000 PTT PUBLIC COMPANY LIMITED 3.375% 25/10/2022
1,000,000 SIAM COMMERCIAL BANK PUBLIC CO 3.375%
19/09/2017
2,000,000
1,700,000
2,000,000
2,000,000
2,200,000
1,300,000
828,590
1,089,060
3.43
0.44
0.58
0.47
0.68
0.53
6.49
1.33
0.55
1.38
0.80
1.46
0.97
0.34
0.34
1.99
0.27
1.72
1.41
0.55
0.49
0.37
1.11
1,109,031
987,920
0.59
0.52
1,493,730
1,799,260
1,018,900
0.79
0.95
0.54
2.28
Turkey
10,326,081
5.46
United Arab Emirates
10,843,145
5.74
TURKIYE GARANTI BANK 4.875% 19/07/2017
TURKIYE HALK BANKASI 3.875% 05/02/2020
TURKIYE IS BANKASI AS 3.75% 10/10/2018
TURKIYE IS BANKASI AS 5.50% 21/04/2019
TURKIYE VAKIFLAR BANKASI TAO 6.00% 01/11/2022
YAPI VE KREDI BANKASI AS 5.50% 06/12/2022
1,000,000 DOLPHIN ENERGY LIMITED LLC 5.50% 15/12/2021
The accompanying notes form an integral part of these financial statements
1,978,480
1,493,960
1,870,980
1,983,580
1,897,500
1,101,581
1,090,650
1.05
0.79
0.99
1.05
1.00
0.58
0.58
USD
% of NaV
1,500,000 BHARTI AIRTEL INTERNATIONAL NETHERLANDS
B.V. 5.125% 11/03/2023
1,000,000 INDO ENERGY FINANCE B.V. 6.375% 24/01/2023
1,000,000 INDOSAT FINANCE COMPANY BV 7.375%
29/07/2020
1,000,000 PETROBRAS GLOBAL FINANCE BV 4.375%
20/05/2023
1,300,000 SABIC CAPITAL I B.V 2.625% 03/10/2018
1,000,000 VIMPELCOM HOLDINGS B.V. 5.20% 13/02/2019
6,492,238
Market Value
0.60
1.56
Quantity
% of NaV
Market Value
Quantity
1,128,875
2,950,170
Netherlands
102
USD
1,100,000 PETROLEOS MEXICANOS SA 3.50% 18/07/2018
3,000,000 TENEDORA NEMAK SA 5.50% 28/02/2023
1,000,000 DP WORLD LTD 6.85% 02/07/2037
1,500,000 DUBAI HOLDING COMMERCIAL OPERA 4.75%
30/01/2014
3,000,000 DUBAI HOLDING COMMERCIAL OPERA 6.00%
01/02/2017
1,000,000 TAQA ABU DHABI NATIONAL ENERGY COMPAGNY
3.625% 12/01/2023
500,000 UNITED ARAB EMIRATES 7.75% 05/10/2020
989,230
2,069,157
0.52
1.09
929,430
597,365
0.49
0.32
2,000,000 AFREN PLC 6.625% 09/12/2020
1,500,000 DTEK FINANCE PLC 7.875% 04/04/2018
2,009,480
1,413,690
1.06
0.75
5,167,313
United Kingdom
3,423,170
United States of America
3,780,532
1,000,000 HALIFAX CORP 7.25% 28/01/2021
2,000,000 RELIANCE HOLDING 4.50% 19/10/2020
700,000 SOUTHERN COPPER CORP 7.50% 27/07/2035
Venezuela
2,500,000 PETROLEOS DE VENEZUELA 4.90% 28/10/2014
2,000,000 PETROLEOS DE VENEZUELA 5.00% 28/10/2015
2,000,000 PETROLEOS DE VENEZUELA 5.25% 12/04/2017
Total securities portfolio
1,065,470
1,985,620
729,442
5,426,650
2,301,650
1,650,000
1,475,000
180,944,147
2.74
1.81
2.00
0.56
1.05
0.39
2.87
1.22
0.87
0.78
95.72
Multi Asset Emerging Markets
Securities Portfolio as at 31/12/13
Multi Asset
Brazil
AMBEV SA
ANIMA
ARTERIS
AUTOMETAL
BANCO BRADESCO-SPONSORED ADR
BANCO ESTADO RIO GRANDE DO SUL
BB SEGURIDADE PARTICIPACOES SA
BOLSA DE MERCADORI
BRADESPAR PREF
CCR SA
CEMIG SP ADR
CIA HERING
CIELO
COMPANHIA BRASILEIRA DIST -ADR
CPELBN SP.ADR
ELETROBRAS PREF B
EMBRAER EMPRESA
EMBRAER SA ADR
ENERGIAS DO BRASIL S.A
ENEVA
ESTACIO PARTICIPACOES S.A.
EVEN CONSTRUTORA E INCORPORADO
EZ TEC EMPREENDIMENTOS PARTICI
GERDAU PREF.
HELBOR EMPREENDIMENTOS SA
HYPERMARCAS
IOCHPE MAXION
ITAU UNIBANCO ADR
ITAU UNIBANCO HOLDING SA
ITAUSA INVESTIMENTOS PREF
JHSF PARTICIPACOES
KLABIN PREF.SHS
KROTON EDUCACIONAL SA
LIGHT S.A.
LINX
LOCALIZA RENT A CAR
MINERVA
MMX MINERACAO TRUST UNITS
MULTIPL.EMPREEND.
PCAPN PCA4 PREFERRED
PETROLEO BRASILEIRO PREF.SHS
PETROLEO BRASILEIRO-SP ADR
77,790,430
93.30
758,284
0.91
47,035,551
119,707
393,942
126,844
117,791
5,472,775
150,753
19,769
119,293
67,925
322,159
100,837
50,884
125,856
110,769
92,689
99,837
143,184
76,801
274,318
24,966
33,672
85,063
79,710
15,876
13,709
77,859
48,148
82,754
230,278
114,987
36,643
22,168
246,431
19,932
518,672
85,700
201,620
113,157
7,501
10,154
66,651
31,684
49,954
2,115
77,996
278,114
130,579
56.41
0.14
0.48
0.15
0.14
6.55
0.18
0.02
0.14
0.08
0.39
0.12
0.06
0.15
0.13
0.11
0.12
0.17
0.09
0.33
0.03
0.04
0.10
0.10
0.02
0.02
0.09
0.06
0.10
0.28
0.14
0.04
0.03
0.30
0.02
0.62
0.10
0.24
0.14
0.01
0.01
0.08
0.04
0.06
0.00
0.09
0.33
0.16
164,127
2,022
8,595
2,100
29,700
14,400
3,950
12,100
5,700
6,500
10,400
2,856
9,500
6,500
PRUMO LOGISTICA
SABESP
SARAIVA SA LIVREIROS EDITORES
SMILES
SUZANO BAHIA SUL PAPEL PFD A
TECNISA SA
TELEFONICA BRAZIL ADR 1 PFD
TIM PARTICIPACOES
TUPY SA
USIMINAS PREFERED .SHS A
VALE DO RIO DOCE -PREF-A
VALE SA - ADR
VALE SA - PREF ADR
VIAVAREJO
Canada
12,885 PACIFIC RUBIALES
Cayman Islands
9,000
15,470
96,000
209,546
20,000
25,000
42,500
2,125
36,000
47,000
14,500
137,000
164,000
AAC TECHNOLOGIES HOLDINGS IN
AIRTAC INTERNATIONAL GROUP
CHINA RESOURCES LAND LTD
COUNTRY GARDEN HOLDINGS CO
ENN ENERGY HOLDINGS LTD
HENGAN INTERNATIONAL GROUP CO LTD
LIFESTYLE INTERNATIONAL HOLDINGS LTD
LIFESTYLE PROPERTIES DEVELOPMENT
LONGFOR PROPERTIES
MSTAR SEMICONDUCTOR INC
TENCENT HOLDINGS LTD
WANT WANT CHINA HOLDINGS
XINYI GLASS HOLDINGS
1,044
221,219
3,016
166,216
3,300
17,959
CERVECERIAS SP.ADR
CFR PHARMACEUT
EMBOT AND SP ADR-B
ENERSIS
ENERSIS SA ADR
SONDA
266,000
92,000
149,000
478,000
118,000
677,000
111,500
56,000
58,500
245,000
6,251
1,700
232,000
BEIJING CAPITAL INTL AIRPORT H
CHINA COMMUNICATION SERVI-H
CHINA COMMUNICATIONS CONSTR H
CHINA CONSTRUCTION BANK H
CHINA LIFE INSURANCE CO-H
CHINA PETROLEUM & CHEMICAL H
CHINA SHENHUA ENERGY CIE LTD
CHINA SUNTIEN GREEN ENERGY H
GREAT WALL MOTOR
INDUSTRIAL & COMMERCIAL BANK OF CHINA-H
MINDRAY MEDICAL INTERNATIONAL
NETEASE SP ADR SHS
PETROCHINA CO LTD-H
USD
% of NaV
20,535
2,200
14,774
9,210
25,711
18,881
4,900
26,847
10,420
12,306
12,816
11,298
2,760
6,141
1,900
8,000
10,624
2,477
3,300
10,781
9,000
13,938
6,700
29,623
34,780
4,898
2,000
18,160
1,500
137,493
47,462
38,799
6,800
800
500
4,725
6,500
48,500
100
1,754
38,416
8,889
COSAN CL A
CREDICORP LTD.
KUNLUN ENERGY
SIHUAN PHARMACEUTICAL HLDGS
93.99
Market Value
8,725
2,968
72,000
129,000
Bermuda
78,359,652
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
75,132
22,677
94,611
28,920
116,319
54,688
75,919
63,237
50,736
39,150
144,279
43,554
133,095
69,291
0.09
0.03
0.11
0.03
0.14
0.07
0.09
0.08
0.06
0.05
0.17
0.05
0.16
0.08
222,414
0.27
222,414
2,921,217
43,701
125,614
237,964
126,477
147,928
295,340
78,710
439
50,329
547,219
924,932
197,891
144,673
Chile
302,407
China
3,665,685
0.27
3.50
0.05
0.15
0.29
0.15
0.18
0.35
0.09
0.00
0.06
0.66
1.11
0.24
0.17
0.36
25,171
49,679
85,171
49,854
49,467
43,065
0.03
0.06
0.10
0.06
0.06
0.05
208,237
56,953
120,103
360,638
369,047
552,687
351,594
21,017
322,914
165,571
227,286
133,620
254,328
0.25
0.07
0.14
0.43
0.44
0.67
0.42
0.03
0.39
0.20
0.27
0.16
0.31
4.40
The accompanying notes form an integral part of these financial statements
103
Multi Asset Emerging Markets
Securities Portfolio as at 31/12/13
Egypt
5,251 COMMERCIAL INTL BANK (EGYPT)
Greece
4,574 HELLENIC EXCHANGE HOLDING
4,671 HELLENIC TELECOMMUNICATIONS
ORGANIZATIONS OTE
6,921 JUMBO SA
13,663 PIRAEUS BANK S.A
32,000
146,000
52,000
76,000
128,000
84,000
136,000
43,000
120,000
262,000
138,000
49,000
36,000
Hong Kong (China)
BEIJING ENTERPRISE
BRILLIANCE CHINA AUTOMOTIVE
CHINA MERCHANTS HOLDINGS
CHINA MOBILE LTD
CHINA OVERSEAS LAND & INVESTMENT LTD
CHINA RESOURCES POWER
CHINA UNICOM
CN TAIPING INSU SHS
CNOOC LIMITED
GUANGDONG INVESTMENT LTD
LENOVO GROUP LTD
SHANGHAI INDUSTRIAL HOLDINGS
WHARF HOLDINGS
Hungary
3,014 OTP BANK
5,224 RICHTER GEDEON
241,000
11,948
84,510
28,493
400,500
381,000
135,500
34,500
187,000
378,000
190,000
1,012,500
25,500
India
BANK NEGARA INDONESIA PERSERO
CIPLA LTD
POWER GRID CORP OF INDIA
TATA MOTORS
Indonesia
ASTRA INTERNATIONAL TBK PT
BANK CENTRAL ASIA
BANK MANDIRI
GUDANG GARAM
PT JASA MARGA TBK
SUMMARECON AGUNG
SURYA CITRA MEDIA
TELKOM INDONESIA SERIE B
UNITED TRACTORS
The accompanying notes form an integral part of these financial statements
104
16,579
0.02
16,579
213,471
56,347
157,124
24,621
24,621
252,094
50,422
62,240
110,627
28,805
3,485,137
317,368
238,006
189,792
788,057
359,877
199,119
203,462
87,844
223,169
256,128
167,833
179,158
275,324
163,910
57,318
106,592
465,515
78,221
77,419
136,489
173,386
1,087,282
223,780
300,543
87,401
119,063
72,603
24,227
40,982
178,872
39,811
0.02
0.26
0.07
0.19
0.03
0.03
0.30
0.06
0.07
0.14
0.03
4.18
0.38
0.29
0.23
0.94
0.43
0.24
0.24
0.11
0.27
0.31
0.20
0.21
0.33
0.20
0.07
0.13
0.56
0.09
0.09
0.16
0.22
1.30
0.27
0.36
0.10
0.14
0.09
0.03
0.05
0.21
0.05
3,624
61,523
82,402
5,830
Luxembourg
735,327
0.88
Malaysia
1,267,242
1.52
Mexico
3,138,950
EURASIA DRILLIN GDR
SBERBANK OF RUSSIA
SBERBANK PREF
TERNIUM SA ADR
63,200
33,613
148,300
11,500
24,000
64,595
34,100
32,700
30,500
38,600
AXIATA GROUP BHD
CIMB GROUP HOLDINGS BERHAD
GENTING MALAYSIA BHD
HONG LEONG BANK
KUALA LUMPUR KEPONG
MALAYAN BANKING
MAXIS BERHAD
PUBLIC BANK -FSAPURAKENCANA PETROLEUM
SIME DARBY
17,995
11,200
19,800
161,768
13,841
4,500
16,457
AMERICA MOVIL-ADR-L
ARCA CONTINENTAL
BOLSA MEXICANA DE VALORES
CEMENTOS DE MEXICO CPO
CEMEX LATAM HLDG
CEMEX SAB DE CV-SPONS ADR PART CER
CONCENTRADORA FIBRA HOTELERA MEXICANA
REIT
FIBRA UNO ADMINISTRACION SA
FOMENTO ECONOMICO MEXICANO SA DE CV
FEMSA ADR
GRUPO BIMBO SA DE CV BIMBO
GRUPO CARSO S.A1
GRUPO FIN BANORTE
GRUPO FINANCIERO INBURSA S.A.B
GRUPO INDUSTRIAL MASECA S.A.B.
GRUPO MEXICO SAB DE CV -BGRUPO TELEVISA GDR
INFRAESTRUCTURA ENERGETICA NOVA SAB DE
CV
MEXICHEM S.A.B. DE C.V
19,203
2,771
44,600
13,300
78,234
65,400
35,099
83,777
10,360
4,500
20,856
USD
% of NaV
2,165 CESKE ENERGETICKE ZAVODY A.S.
706 KOMERCNI BANKA AS
0.28
0.34
Market Value
Czech Republic
237,428
284,262
Quantity
1,056 TCS GROUP HOLDING
USD
% of NaV
Cyprus
Market Value
Quantity
176,000 SHANDONG WEIGAO GROUP MEDICAL
79,000 ZHUZHOU CSR TIMES ELECTRIC CO H
Netherlands
2,700 YANDEX CL A
Panama
600 COPA HOLDINGS CLASS A
Peru
4,970 CIA DE MINAS BUENAVENTURA-SP ADR
1,287 GRANA Y MONTERO SAA ADR
Philippines
6,190 AYALA CORP
206,900 AYALA LAND INC
54,800 BANCO DE ORO UNIBANK
163,080
189,138
200,630
182,479
0.20
0.23
0.23
0.22
133,135
78,196
198,309
50,557
182,446
196,024
75,686
195,073
45,627
112,189
0.16
0.09
0.25
0.06
0.22
0.24
0.09
0.23
0.05
0.13
420,543
69,823
45,248
189,471
106,028
53,235
26,262
0.51
0.08
0.05
0.23
0.13
0.06
0.03
136,894
70,526
545,726
184,408
264,720
276,525
313,494
17,925
0.16
0.08
0.66
0.22
0.32
0.33
0.39
0.02
61,316
271,198
3.77
0.07
0.33
85,608
0.10
116,505
0.14
116,505
96,066
96,066
83,086
55,763
27,323
677,571
72,245
115,378
84,702
0.14
0.12
0.12
0.10
0.07
0.03
0.81
0.09
0.14
0.10
Multi Asset Emerging Markets
Securities Portfolio as at 31/12/13
BANK MILLENNIUM
BANK PEKAO SA
BANK ZACHODNI WBK
CYFROWY POLSAT SA
MBANK
PKO BANK POLSKI SA
POWSZECHNY ZAKLAD UBEZPIECZEN
40,189
173,941
198,074
89,182
107,375
134,781
107,274
0.05
0.21
0.23
0.11
0.13
0.16
0.13
Poland
Qatar
968
6,018
5,946
3,297
4,241
158
39,584
1,156
13,466
12,998
18,133
13,079
8,657
49,892
31,242
5,746
5,304
3,931
32,690
7,159
850,816
204,602
79,529
125,073
Russia
2,947,321
South Africa
2,829,242
GAZPROM OAO-SPON ADR REG
LUKOIL SP ADR
MEGAFON OJSC
MMC NORILSK NICKEL JSC-ADR
MOBILE TELESYSTEMS
MOBILE TELESYSTEMS-SP ADR
MOSCOW EXCHANGE MICEX-RT-BRD
NOVATEK OAO-SPONS GDR REG S
OJSC MAGNIT
ROSNEFT OJSC-GDR
SURGUTNEFTEGAZ PRF
TATNEFT PREF SHS
ANGLO PLATINUM LTD
ANGLOGOLD ASHANTI
ASPEN PHARMACARE
BIDVEST GROUP
DISCOVERY HLDGS
EXXARO RESOURCES LTD
FIRSTRAND
KUMBA IRON ORE LTD
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
MEDICLINIC
MMI HOLDINGS
MTN GROUP LTD
NASPERS -NRMI HOLDINGS
SANLAM LTD
SASOL LTD
SHOPRIETE HOLDINGS LTD
STANDARD BANK GRP
STEINHOFF INTL HLD
WOOLWORTHS HOLDINGS LTD
687,402
260,104
14,104
211,589
57,576
139,795
108,388
346,905
546,043
52,978
412,796
109,641
36,406
70,627
152,554
84,473
34,216
2,209
135,641
48,944
53,819
94,317
43,801
271,002
905,898
130,759
158,809
282,260
83,051
48,574
140,857
51,025
1.02
0.25
0.10
0.15
3.54
0.83
0.31
0.02
0.25
0.07
0.17
0.13
0.42
0.65
0.06
0.50
0.13
3.39
0.04
0.08
0.18
0.10
0.04
0.00
0.16
0.06
0.06
0.11
0.05
0.33
1.10
0.16
0.19
0.34
0.10
0.06
0.17
0.06
3,720
1,093
3,383
746
950
7,490
2,213
1,342
322
1,057
2,248
898
1,229
2,853
10,900
481
1,460
1,755
2,360
673
444
280
78
748
1,733
280
1,105
10,070
16,990
1,400
2,958
131,000
22,000
23,000
217,210
39,000
62,000
47,000
74,000
117,520
5,000
2,000
14,000
3,000
63,254
25,000
18,000
49,000
7,800
50,000
19,000
South Korea
DAEWOO INTL
DAUM COMMUNICATIONS CORP
DSHM
E-MART
GRAND KOREA LEISURE CO LTD
HANA FINANCIAL GROUP
HYUNDAI DEPARTMENT STORE NEW
HYUNDAI HOME SHOPPING NETWORK CO
HYUNDAI MIPO DOCK
HYUNDAI MOBIS
HYUNDAI MOTOR
HYUNDAI MOTOR CO LTD-PFD
HYUNDAI WIA CORP
KIA MOTORS CORP
KOREA ELECTRIC POWER CORP
KOREA ZINC
LG CHEM
LG CORP
LG DISPLAY CO LTD
LG ELECTRONICS
LG HAUSYS LTD
LG HOUSEHOLD & HEALTH CARE LTD
ORION CORP
SAMSUNG ELECTRO-MECHANICS
SAMSUNG ELECTRONICS CO LTD
SAMSUNG ELECTRONICS PREF SHS
SAMSUNG FIRE & MARINE
SHINHAN FINANCIAL GROUP
SK HYNIX INC
SK TELECOM SP ADR
WOONG JIN COWAY CO LTD
Taiwan
ADVANCED SEMI ENGR
CATCHER
CHENG UEI PRECISION
CHINATRUST FIN HLDG
CHIPBOND TECHNOLOGY
CHUNGHWA TELECOM CO LTD
DELTA ELECTRONIC INDUSTRIAL INC
EPISTAR CORP
FORMOSA PLASTICS
HERMES MICROVIS
HOTAI MOTOR CO LTD
HUAKU CONSTRUCTION
LARGAN PRECISION
LITE ON TECHNOLOGY CORP
NOVATEK MICROELECTRONICS
PHISON ELECTRONICS CORP
QUANTA COMPUTER
SILICONWARE PRECISION ADR
SILICONWARE PRECISION INDUSTRIES CO LTD
SIMPLO TECHNOLOGY
USD
8,244,045
% of NaV
0.00
0.02
0.20
0.26
Market Value
2,884
19,988
170,815
211,559
Quantity
FIRST GEN
FIRST PHILIPPINE HOLDINGS CORP
METRO BANK & TRUST
SM INVESTMENTS CORP
4,976 DOHA BANK
2,648 QATAR NATIONAL BANK
80,398
4,165
421
12,731
5,767
6,463
55,006
2,534
1,947
6,957
524,285
29,560
USD
% of NaV
16,843
2,924
1,542
13,591
648
10,317
721
Market Value
Quantity
9,800
16,520
100,347
13,206
9.88
145,578
86,997
60,906
188,382
36,367
311,566
337,606
236,521
54,310
293,959
503,768
106,363
221,263
151,659
358,909
144,936
414,336
106,429
56,688
43,428
59,531
145,393
70,140
51,740
2,252,973
268,764
271,185
451,330
592,440
34,468
186,110
0.17
0.10
0.07
0.23
0.04
0.37
0.40
0.28
0.07
0.35
0.61
0.13
0.27
0.18
0.43
0.17
0.50
0.13
0.07
0.05
0.07
0.17
0.08
0.06
2.71
0.32
0.33
0.54
0.72
0.04
0.22
121,754
142,836
46,149
148,312
61,307
193,675
268,090
142,520
317,425
162,397
24,695
39,552
122,301
101,449
102,337
115,054
114,265
46,644
59,725
84,151
0.15
0.17
0.06
0.18
0.07
0.23
0.32
0.17
0.38
0.19
0.03
0.05
0.15
0.12
0.12
0.14
0.14
0.06
0.07
0.10
4,139,335
4.97
The accompanying notes form an integral part of these financial statements
105
Multi Asset Emerging Markets
Securities Portfolio as at 31/12/13
United Arab Emirates
ABU DHABI COMMERCIAL BANK
DAMAC REAL ESTATE GDR
DRAKE & SCULL INTL
EMAAR PROPERTIES
FIRST GULF BANK
United Kingdom
877 BANK OF GEORGIA HOLDING
75,103 OLD MUTUAL
United States of America
700 BAIDU ADS
Bonds
Argentina
500,000 ARGENTINA 0% 03/10/2015 DIRTY
500,000 ARGENTINA 8.28% 31/12/2033
Azerbaijan
300,000 STATE OIL COMPANY OF AZERBAIDJAN 4.75%
13/03/2023
Bahamas
2,944 CREDIT SUISSE NASSAU BRANCH 0% 23/09/2015
4,276 CREDIT SUISSE NASSAU BRANCH 0% 29/03/2016
Belarus
700,000 BELARUS 8.75% 03/08/2015
Brazil
250,000 BCO NACL DESENVOL ECO E SOCIAL 3.375%
26/09/2016
The accompanying notes form an integral part of these financial statements
106
89,854
163,049
91,611
238,764
229,825
128,194
138,387
195,216
107,429
109,916
73,462
6,530
43,189
23,743
693,830
84,249
59,923
87,250
269,566
192,842
269,999
34,787
235,212
124,516
124,516
1.79
0.11
0.20
0.11
0.28
0.28
0.15
0.17
0.23
0.13
0.13
0.09
0.01
0.05
0.03
0.83
0.10
0.07
0.10
0.33
0.23
0.32
0.04
0.28
0.15
0.15
27,883,987
33.45
498,670
529,269
0.60
0.63
1,027,939
282,750
282,750
246,788
124,802
121,986
707,000
707,000
1,597,987
253,372
1.23
0.34
0.34
Cayman Islands
200,000 CHINA OVERSEAS FINANCE CAYMAND 5.375%
29/10/2023
300,000 CHINA OVERSEAS FINANCE CAYMAND 6.375%
29/10/2043
Chile
500,000 CORPBANCA 3.125% 15/01/2018
Colombia
600,000 COLOMBIA 4.00% 26/02/2024
800,000 COLOMBIA 6.125% 18/01/2041
Croatia
USD
% of NaV
47,607
3,866
222,548
129,596
37,676
1,492,245
0.76
0.05
200,000 BRAZIL 4.25% 07/01/2025
1,000,000 BRAZIL 5.625% 07/01/2041
500,000 BRAZIL 8.50% 05/01/2024
Market Value
Turkey
632 KOZA ALTIN ISLETMELERI AS
7,637 TURKIYE HALK BANKASI
13,354 TURKIYE VAKIFLAR BANKASI T.A.O
636,560
41,438
0.27
0.99
Quantity
ADVANCED INFO SCE PUB.FRGN RGD
BANGKOK BANK
GLOW ENERGY PLC FOREIGN
KASIKORNBANK -FKRUNG THAI BANK PUBLIC FOREIGN
PTT EXPLORATION PRODUC PUBLIC
PTT PUBLIC COMPANY FOREIGN
SIAM CEMENT -FSIAM COMMCL BANK -FTHAI BEVERAGE
USD
221,912
824,787
% of NaV
14,800
30,100
42,700
49,500
457,700
25,300
15,900
15,800
24,600
257,000
Thailand
Market Value
Quantity
143,000 TAIWAN CEMENT
233,000 TAIWAN SEMICONDUCTOR MANUFACTURING CO
LTD
36,500 TAIWAN SEMICONDUCTOR-SP ADR
100,000 UNITED MICROELECTRONICS CORP
190,500
970,000
184,115
0.23
1.17
0.22
192,094
0.23
465,184
273,090
479,055
0.56
0.33
0.57
479,055
0.57
578,400
856,000
0.69
1.03
1,434,400
696,591
1.72
0.84
700,000 CROATIA 6.00% 26/01/2024
696,591
0.84
300,000 DOMINICAN REPUBLIC 5.875% 18/04/2024
500,000 REPUBLIQUE DOMINICAINE 8.625% 20/04/2027
289,044
537,590
0.35
0.64
Dominican Republic
Egypt
826,634
191,204
0.99
0.23
200,000 EGYPT 5.75% 29/04/2020
191,204
0.23
250,000 EL SALVADOR 5.875% 30/01/2025
250,000 EL SALVADOR 7.65% 15/06/2035
237,368
244,892
0.28
0.30
El Salvador
482,260
Hungary
1,022,553
Indonesia
1,150,792
500,000 HUNGARY 6.00% 11/01/2019
250,000 HUNGARY 6.375% 29/03/2021
400,000 INDONESIA 4.625% 15/04/2043
1,000,000 PARTAMINA PERSERO PT 6.00% 03/05/2042
Iraq
250,000 REPUBLIC OF IRAQ 5.80% 15/01/2028
Kazakhstan
1,000,000 KAZAGRO NTL MNGT 4.625% 24/05/2023
Lebanon
754,428
268,125
320,012
830,780
211,930
211,930
913,280
913,280
592,500
0.58
1.23
0.91
0.32
1.38
0.38
1.00
0.25
0.25
1.10
1.10
0.71
0.30
600,000 LEBANON 6.60% 27/11/2026
592,500
0.71
0.85
300,000 COSAN LUXEMBOURG SA 9.50% 14/03/2018
200,000 SBERBANK SB CAP SA 5.125% 29/10/2022
500,000 VTB CAPITAL SA 6.00% 12/04/2017
110,616
191,432
532,410
0.13
0.23
0.64
0.15
0.15
0.85
1.92
0.30
Luxembourg
Mexico
500,000 MEXICO 4.00% 02/10/2023
1,000,000 MEXICO 4.75% 08/03/2044
500,000 PETROLEOS MEXICANOS SA 3.50% 18/07/2018
834,458
1,909,375
495,000
901,250
513,125
1.00
2.28
0.59
1.07
0.62
Multi Asset Emerging Markets
Securities Portfolio as at 31/12/13
Morocco
581,631
0.70
400,000 MOROCCO 4.25% 11/12/2022
250,000 MOROCCO 5.50% 11/12/2042
Netherlands
23,918 JP MORGAN STRUCTURED PRODUCTS BV 0%
10/07/2017
9,739 JP MORGAN STRUCTURED PRODUCTS BV 0%
15/01/2018
300,000 VIMPELCOM HOLDINGS B.V. 5.20% 13/02/2019
250,000 VIMPELCOM HOLDINGS BV 7.504% 01/03/2022
Peru
BANCO DE CREDITO DEL PERU 4.25% 01/04/2023
BBVA BANCO CONTINENTAL 2.25% 29/07/2016
BBVA BANCO CONTINENTAL 5.00% 26/08/2022
REPUBLIC OF PERU 5.625% PERPETUAL
Poland
1,000,000 POLOGNE 3.00% 17/03/2023
Romania
450,000 ROMANIA 4.625% 18/09/2020
Russia
400,000 RUSSIA 4.875% 16/09/2023
600,000 RUSSIA 5.875% 16/09/2043
Serbia
400,000 REPUBLIC OF SERBIA 4.875% 25/02/2020
300,000 REPUBLIC OF SERBIA 5.25% 21/11/2017
South Africa
1,000,000 SOUTH AFRICA 4.665% 17/01/2024
200,000 SOUTH AFRICA 5.875% 16/09/2025
5,000,000 SOUTH AFRICA 7.00% 28/02/2031
Sri Lanka
500,000 SRI LANKA 5.875% 25/07/2022
Turkey
750,000 TURKEY 6.00% 14/01/2041
500,000 TURKIYE GARANTI BANK 5.25% 13/09/2022
300,000 TURKIYE HALK BANKASI 3.875% 05/02/2020
Ukraine
500,000 UKRAINE 7.95% 04/06/2014
1,250,000 UKRAINE 9.25% 24/07/2017
Venezuela
500,000 PETROLEOS DE VENEZUELA 5.00% 28/10/2015
500,000 PETROLEOS DE VENEZUELA 8.50% 02/11/2017
166,944
370,376
211,255
915,557
64,100
288,080
301,312
262,065
1,000,903
101,208
299,934
99,761
500,000
910,500
910,500
647,361
647,361
1,020,308
408,608
611,700
683,187
380,676
302,511
1,565,033
956,250
208,000
400,783
470,860
470,860
1,370,755
658,500
448,615
263,640
1,747,623
501,785
1,245,838
1,730,645
412,500
415,890
0.20
0.45
0.25
1.10
0.08
0.35
0.36
0.31
1.20
0.12
0.36
0.12
0.60
1.09
1.09
0.78
0.78
1.22
0.49
0.73
0.82
0.46
0.36
1.88
1.15
0.25
0.48
0.56
0.56
1.64
0.78
0.54
0.32
Warrants, Rights
Bermuda
10,922 CLSA FINANCIAL PRODUCTS LTD WRT MAHINDRA &
MAHINDRA LTD 28/06/2015
56,165 CLSA FINANCIAL PRODUCTS CERTIFICAT ONE ZEE
TELEFILMS 03/05/2015
50,031 CLSA FINANCIAL PRODUCTS CERTIFICAT ITC LTD
12/05/2015
26,401 CLSA FINANCIAL PRODUCTS LTD WRT CAIRN INDIA
28/06/2017
3,920 CLSA FINANCIAL PRODUCTS WRTS HCL TECH
20/05/2015
23,378 CLSA FINANCIAL PRODUCTS WRTS HDFC BANK
28/06/2015
8,156 CLSA FINANCIAL PRODUCTS WRTS INFOSYS
10/05/2015
16,320 CLSA FINANCIAL PRODUCTS WRTS LUPIN
07/06/2015
23,876 CLSA FINANCIAL PRODUCTS LTD WRT RELIANCE
INDUSTRIES 17/05/2015
30,148 CLSA FINANCIAL PRODUCTS LTD WRT JINDAL
STEEL & POWER LTD 30/06/2015
Brazil
1,817 KLABIN RIGHTS
Netherlands
19,848 JP MORG STRUCTURED PRODUCTS CERT OIL &
NAT 08/02/2017
2,825 JP MORGAN STRUCTURED CERT MARUTI SUZUKI
15/02/2017
21,000 JP MORGAN STRUCTURED PRODUCTS WRT
BHARRAT PETROLEUM 16/05/17
49,946 JP MORGAN STRUCTURED WRT NTPC 29/03/2017
United Kingdom
4,973 EMTN HSBC BANK ELN HERFY FOOD SERVICES
08/10/2015
Other transferable securities
Shares
Indonesia
238,500 PERUSAHAAN GAS NEGARA TBK
USD
% of NaV
0.20
1,000,000 PETROLEOS DE VENEZUELA 9.75% 17/05/2035
250,000 VENEZUELA 9.25% 15/09/2027
Market Value
166,944
Quantity
% of NaV
Market Value
Quantity
Mongolia
200,000 MONGOLIA 5.125% 05/12/2022
109,000
300,000
100,000
500,000
USD
708,880
193,375
0.86
0.23
2,321,046
2.78
251,400
0.30
2,870,892
166,884
260,581
138,183
3.44
0.20
0.31
0.17
78,986
0.09
460,054
0.56
251,900
0.30
239,842
0.29
127,333
0.15
345,883
385
385
0.41
0.00
0.00
402,288
0.48
80,631
0.10
92,785
118,150
0.11
0.14
110,722
0.13
147,173
0.18
147,173
0.18
155,201
0.19
87,699
0.11
155,201
87,699
0.19
0.11
South Africa
67,502
0.08
0.60 Share/Units of UCITS/UCIS
1.50
Share/Units in investment funds
2.08
Luxembourg
414,021
0.50
414,021
0.50
78,359,652
93.99
2.10
0.49
0.50
3,402 REMGRO
410 AMUNDI FUNDS CASH USD IU C
Total securities portfolio
67,502
414,021
414,021
0.08
0.50
0.50
The accompanying notes form an integral part of these financial statements
107
Index Equity Emerging Markets
Indexed
Securities Portfolio as at 31/12/13
Brazil
AES TIETE SA
ALL AMERICA LATINA LOGISTICA
AMBEV SA
ANHANGUERA EDUCACIONAL PARTICIPACOES
BANCO BRADESCO PFD
BANCO BRADESCO SA BRAD N1
BANCO DO BRASIL SA
BANCO ESTADO RIO GRANDE DO SUL
BANCO SANTANDER BRASIL
BB SEGURIDADE PARTICIPACOES SA
BOLSA DE MERCADORI
BR MALLS PARTICIPACOES SA
BR PROPERTIES
BRADESPAR PREF
BRASKEM PREF A
BRF
CCR SA
CESP CIA ENERG SP PRF NPV ‘B’
CETIP BALCAO ORG.ATIVOS DERIV.
CIA ENERG MINAS GERAIS PREF
CIA HERING
CIA PARANAESE DE ENERGI PFB
CIA SANEAMENTO MINAS GERAIS
CIELO
COSAN
CPFL ENERGIA
CYRELA BRAZIL REALTY SA
DURATEX
ECORODIA
ELETROBRAS
ELETROBRAS PREF B
EMBRAER EMPRESA
ENERGIAS DO BRASIL S.A
ESTACIO PARTICIPACOES S.A.
FIBRIA CELULOSE SA
GERDAU PREF.
The accompanying notes form an integral part of these financial statements
108
125,784,869
90.81
1,144,630
0.83
125,784,869
71,601
99,977
111,430
331,825
93,320
78,349
40,143
200,836
50,492
66,657
14,675,895
29,939
45,601
1,263,431
90,944
950,651
312,828
217,186
35,248
206,222
228,461
322,996
109,125
58,340
88,233
50,620
501,003
243,284
58,918
72,828
153,748
64,635
45,292
34,689
361,744
75,494
71,205
65,308
55,738
38,266
24,881
34,934
173,746
41,854
83,915
106,650
244,869
90.81
0.05
0.07
0.08
0.24
0.07
0.06
0.03
0.14
0.04
0.05
10.60
0.02
0.03
0.90
0.07
0.69
0.23
0.16
0.03
0.15
0.16
0.23
0.08
0.04
0.06
0.04
0.36
0.18
0.04
0.05
0.11
0.05
0.03
0.03
0.26
0.05
0.05
0.05
0.04
0.03
0.02
0.03
0.13
0.03
0.06
0.08
0.18
12,700
91,900
104,800
17,600
6,900
5,000
14,900
4,700
4,600
16,300
10,100
12,400
2,936
6,300
26,300
5,100
109,000
153,900
4,100
7,300
7,900
12,500
26,700
14,000
4,890
10,800
10,900
31,000
4,500
6,000
3,400
12,000
14,000
47,700
69,500
7,960
HYPERMARCAS
ITAU UNIBANCO HOLDING SA
ITAUSA INVESTIMENTOS PREF
KLABIN PREF.SHS
KROTON EDUCACIONAL SA
LOCALIZA RENT A CAR
LOJA AMERICANAS PFD
LOJAS AMERICANAS SA
LOJAS RENNER SA
MARCOPOLO PREF
METALURGICA GERDAU PREF
MRV ENGENHARIA E PARTICIPACOES
MULTIPL.EMPREEND.
NATURA COSMETICOS
OI PFD
PCAPN PCA4 PREFERRED
PETROLEO BRASILEIRO
PETROLEO BRASILEIRO PREF.SHS
PORTO SEGURO
QUALICORP
RAIADROGASIL
SABESP
SID NACIONAL
SOUZA CRUZ
SUL AMERICA SA UNITS
SUZANO BAHIA SUL PAPEL PFD A
TELEF BRAZIL PFD
TIM PARTICIPACOES
TOTVS
TRACTEBEL ENERGIA
TRANSMISSORA ALIANCA DE ENERGIA ELETRICA
ULTRAPAR PARTICIPACOES SA
USIMINAS PREFERED .SHS A
VALE DO RIO DOCE
VALE DO RIO DOCE -PREF-A
WEG SA PFD
31,500
48,000
31,000
164,000
6,500
26,000
49,000
70,000
72,000
62,000
163,000
30,000
227,000
329,000
185,000
23,000
AAC TECHNOLOGIES HOLDINGS IN
AGILE PROPERTY HOLDINGS
ANTA SPORTS PRODUCTS LTD
BELLE INTERNATIONAL HOLDINGS
BIOSTIME INTL
CHAILEASE
CHINA MENGNIU DAIRY
CHINA RESOURCES CEMENT HOLDINGS LTD
CHINA RESOURCES LAND LTD
CHINA STATE CONSTRUCTION INTL
COUNTRY GARDEN HOLDINGS CO
ENN ENERGY HOLDINGS LTD
EVERGRANDE REAL ESTATE GROUP
GCL-POLY ENERGY HLD
GEELY AUTOMOBILE
GOLDEN EAGLE RETAIL GROUP
Cayman Islands
USD
% of NaV
3,700
16,400
172,100
14,400
77,100
23,100
21,000
6,600
34,802
22,000
68,900
15,100
7,400
8,300
5,687
24,000
32,300
6,200
7,100
25,891
5,100
3,500
2,200
13,000
4,500
8,800
10,700
10,000
6,100
10,000
8,300
21,700
8,700
9,700
9,100
31,500
BEIJING ENTERP.WATER GRP.LTD
CHINA GAS HLDGS LTD
CHINA RESOURCES GAS GROUP
CREDICORP LTD.
GOME ELECTRICAL APPLIANCES
HAIER ELECTRONICS GROUP CO LTD
HANERGY SOLAR
KUNLUN ENERGY
NINE DRAGONS PAPER
SIHUAN PHARMACEUTICAL HLDGS
91.60
Market Value
114,000
68,000
32,000
2,500
506,000
27,000
394,000
114,000
58,000
73,000
Bermuda
126,878,128
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
95,011
1,221,170
395,343
91,459
114,821
70,530
99,343
27,233
118,935
35,236
100,175
44,307
62,098
110,471
40,020
226,783
738,751
1,114,165
51,700
69,619
49,491
140,192
162,740
143,070
30,655
42,298
207,118
162,012
70,497
91,401
26,229
284,580
84,323
721,990
964,171
105,132
0.07
0.87
0.29
0.07
0.08
0.05
0.07
0.02
0.09
0.03
0.07
0.03
0.04
0.08
0.03
0.16
0.53
0.79
0.04
0.05
0.04
0.10
0.12
0.10
0.02
0.03
0.15
0.12
0.05
0.07
0.02
0.21
0.06
0.52
0.70
0.08
152,955
51,443
38,381
189,725
57,969
68,395
232,558
47,035
178,473
111,146
98,383
221,892
86,657
101,834
89,473
30,375
0.11
0.04
0.03
0.14
0.04
0.05
0.17
0.03
0.13
0.08
0.07
0.16
0.06
0.07
0.06
0.02
5,707,115
4.12
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
373,936
47,791
48,751
161,293
59,789
41,879
1,274,447
218,694
36,128
51,668
88,215
44,820
62,550
157,459
81,535
52,001
149,927
1,988,788
44,607
37,666
863,194
122,399
346,219
204,319
109,712
167,493
365,407
736,373
69,695
72,739
378,397
34,649
247,725
72,565
10.53
0.27
0.03
0.04
0.12
0.04
0.03
0.92
0.16
0.03
0.04
0.06
0.03
0.05
0.11
0.06
0.04
0.11
1.44
0.03
0.03
0.62
0.09
0.25
0.15
0.08
0.12
0.26
0.53
0.05
0.05
0.27
0.03
0.18
0.05
7,000
3,000
7,000
13,000
15,000
3,000
181,000
11,000
4,000
55,000
9,000
4,000
14,000
30,000
CHONGQING RURAL COMMERCIAL BANK LTD
CITIC SECURITIES CO LTD H
CJ CHEILJEDANG
CSR CORPORATION SHARES H
DATANG INTERNATIONAL POWER H
DONGFENG MOTOR H
GREAT WALL MOTOR
GUANGZHOU AUTOMOBILE GROUP CO LTD
GUANGZHOU R&F PROPERTIES
HAITONG SECURITIES
HUANENG POWER INTERNATIONAL
INDUSTRIAL & COMMERCIAL BANK OF CHINA-H
JIANGSU EXPRESS -HJIANGXI COPPER H
NEW CHINA LIFE INSURANCE H
PETROCHINA CO LTD-H
PICC GRP CN
PICC PROPERTY -HPING AN INSURANCE GROUP CO-H
SHANDONG WEIGAO GROUP MEDICAL
SHANGHAI ELECTRIC GROUP
SHANGHAI PHARMACEUTICALS HOLDINGS CO LTD
SHENZHOU INTL GROUP HOLINGS
SINOPEC SH PETRO-HSINOPHARM
SIPONEC ENGINEERING GROUP
TSINGTAO BREWERY CO LTD
WEICHAI POWER SHS H
WUMART STORES
YANTAI CHANGYU WINE
YANZHOU COAL MINING H
YITAI COAL -BZHUZHOU CSR TIMES ELECTRIC CO H
ZIJIN MINING GRP CO LTD-H
ZJ EXPRESS -HZTE CORP
Colombia
ALMACENES EXITO
BANCO DAVIVIENDA PREFERRED
BANCOLOMBIA SA.
BANCOLOMBIA SA.PREFERRED
CEMENTOS ARGOS SA
CORFICOLOMBIANA
ECOPETROL SA
GRUPO ARGOS
GRUPO ARGOS PREFERRED
GRUPO AVAL ACCIONES-PF
GRUPO DE INV SURAMERICANA
GRUPO DE INV SURAMERICANA-PF
ISA
ISAGEN
Czech Republic
5,876 CESKE ENERGETICKE ZAVODY A.S.
USD
% of NaV
14,578,995
130,000
46,500
278
68,000
106,000
96,000
36,500
78,000
32,400
44,800
114,000
2,700,000
44,000
49,000
23,800
746,000
170,000
112,000
66,500
60,000
100,000
24,400
20,000
124,000
35,200
33,500
12,000
17,000
18,000
8,200
70,000
50,800
19,000
212,000
50,000
22,200
Market Value
AGRICULTURAL BANK OF CHINA
AIR CHINA LIMITED H
ALUMINIUM CORP OF CHINA SH H
ANHUI CONCH CEMENT
AUTOMOBILE -BAVICHINA IND & TECH
BANK OF CHINA -HBANK OF COMMUNICATIONS
BBMG
BEIJING CAPITAL INTL AIRPORT H
BYD CO LTD-H
CHANGSA ZOOMLION
CHINA BLUECHEMICAL H
CHINA CITIC BANK -HCHINA COAL ENERGY CO- SHARE H
CHINA COMMUNICATION SERVI-H
CHINA COMMUNICATIONS CONSTR H
CHINA CONSTRUCTION BANK H
CHINA COSCO HOLDINGS
CHINA INTERNATIONAL MARINE
CHINA LIFE INSURANCE CO-H
CHINA LONGYUAN POWER GROUP CORP
CHINA MERCHANTS BANK H
CHINA MINSHENG BANKING CORP
CHINA NATIONAL BUILDING MATERI
CHINA OILFIELD SVC
CHINA PACIFIC INSURANCE GR H
CHINA PETROLEUM & CHEMICAL H
CHINA RAILWAY CONSTRUCTION-H
CHINA RAILWAY GROUP LTD-H
CHINA SHENHUA ENERGY CIE LTD
CHINA SHIPPING CONTAINER
CHINA TELECOM
CHINA VANKE B
China
0.03
0.02
0.22
0.03
0.03
0.05
0.06
0.08
0.03
0.08
0.04
1.71
0.15
0.03
0.03
0.22
0.03
0.02
Quantity
761,000
64,000
140,000
43,500
30,300
72,000
2,768,000
310,000
41,500
66,000
18,000
48,000
100,000
290,000
145,000
84,000
186,000
2,636,000
91,500
17,700
276,000
95,000
162,500
184,000
102,000
54,000
93,200
902,000
70,000
141,000
120,000
133,000
490,000
46,500
USD
35,121
24,855
307,154
36,948
38,224
67,105
81,501
112,614
39,136
107,870
59,014
2,379,307
202,224
47,243
38,717
304,781
40,318
28,289
% of NaV
GREENTOWN CHINA HOLDINGS
HAITIAN INTERNATIONAL HOLDINGS
HENGAN INTERNATIONAL GROUP CO LTD
INTIME RETAIL
LEE & MAN PAPER
LONGFOR PROPERTIES
MSTAR SEMICONDUCTOR INC
SHIMAO PROPERTY HOLDINGS
SHUI ON LAND
SINO BIOPHARMACEUTICAL
SOHO CHINA
TENCENT HOLDINGS LTD
TINGYI HOLDING
TPK HOLDING CO LTD
UNI-PRESIDENT CHINA HOLDINGS
WANT WANT CHINA HOLDINGS
YINGDE GASES GROUP CO LTD
ZHONGSHENG GROUP HOLDINGS LTD
Market Value
Quantity
23,000
11,000
26,000
35,500
58,000
48,000
7,000
49,000
127,500
136,000
68,500
37,300
70,000
8,000
38,000
211,000
38,500
20,500
63,040
126,838
72,967
55,777
48,941
150,306
201,476
85,306
47,386
78,001
103,065
1,824,661
54,080
88,473
79,806
817,796
82,218
166,113
595,636
80,941
36,369
59,727
75,060
35,663
101,009
50,118
101,447
68,515
29,250
27,285
63,917
89,865
68,367
45,387
47,267
44,092
0.05
0.09
0.05
0.04
0.04
0.11
0.15
0.06
0.03
0.06
0.07
1.32
0.04
0.06
0.06
0.59
0.06
0.12
0.43
0.06
0.03
0.04
0.05
0.03
0.07
0.04
0.07
0.05
0.02
0.02
0.05
0.06
0.05
0.03
0.03
0.03
108,696
36,739
86,304
157,722
76,087
61,491
346,635
110,683
40,373
36,297
156,988
72,422
65,942
50,466
0.08
0.03
0.06
0.11
0.05
0.04
0.26
0.08
0.03
0.03
0.11
0.05
0.05
0.04
152,929
0.11
1,406,845
336,949
1.02
0.24
The accompanying notes form an integral part of these financial statements
109
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
Hong Kong (China)
BEIJING ENTERPRISE
BRILLIANCE CHINA AUTOMOTIVE
CHINA AGRI-INDUSTRIES HLDGS
CHINA EB INTL LTD
CHINA EVERBRIGHT
CHINA MERCHANTS HOLDINGS
CHINA MOBILE LTD
CHINA OVERSEAS LAND & INVESTMENT LTD
CHINA RESOURCES ENTERPRISE
CHINA RESOURCES POWER
CHINA UNICOM
CITIC PACIFIC
CN TAIPING INSU SHS
CNOOC LIMITED
COSCO PACIFIC LIMITED
FAR EAST HORIZO
FOSUN INTERNATIONAL
FRANSHION PROPERTIES
GUANGDONG INVESTMENT LTD
KINGBOARD CHEM HOLD
LENOVO GROUP LTD
POLY (HONG KONG) INVESTMENTS
SHANGHAI INDUSTRIAL HOLDINGS
SHOUGANG FUSHAN RESOURCES
SINO-OCEAN LAND HOLDINGS
SUN ART RETAIL GROUP LTD
YUEXIU PROPERTY
Hungary
1,522 MOL HUNGARIAN OIL AND GAS PLC
7,645 OTP BANK
5,089 RICHTER GEDEON
The accompanying notes form an integral part of these financial statements
110
145,980
64,721
33,407
26,258
0.11
0.05
0.02
0.02
270,366
652,037
48,403
35,372
29,058
118,884
56,728
64,802
108,317
77,862
62,846
49,765
6,340,425
183,479
198,881
36,934
105,758
47,435
145,994
2,281,215
404,862
139,481
161,191
251,336
79,538
61,695
1,223,711
82,334
40,188
56,605
45,268
86,028
61,373
267,560
37,909
62,157
39,289
76,149
119,223
44,832
351,414
102,188
145,389
103,837
0.20
0.47
0.03
0.03
0.02
0.08
0.04
0.05
0.07
0.06
0.05
0.04
4.58
0.13
0.14
0.03
0.08
0.03
0.11
1.66
0.29
0.10
0.12
0.18
0.06
0.04
0.89
0.06
0.03
0.04
0.03
0.06
0.04
0.19
0.03
0.04
0.03
0.05
0.09
0.03
0.25
0.07
0.11
0.07
India
264,000 BANK NEGARA INDONESIA PERSERO
36,200 BUMI ARMADA
509,000
14,000
716,000
436,000
118,500
330,000
247,500
261,000
248,000
17,000
14,000
52,000
41,500
155,500
1,042,000
694,000
51,500
149,000
392,500
72,000
105,000
90,500
155,000
28,500
1,605,000
59,500
65,500
59,500
130,225
85,686
44,539
Indonesia
2,763,613
Luxembourg
1,320,394
Malaysia
5,222,378
ADARO ENERGY TBK
ASTRA AGRO LESTARI
ASTRA INTERNATIONAL TBK PT
BANK CENTRAL ASIA
BANK DANAMON -ABANK MANDIRI
BUMI SERPONG DAMAI
CHAROEN POKPHAND
GLOBAL MEDIACOM
GUDANG GARAM
INDO TAMBANGRAYA MEGAH TBK
INDOCEMENT TUNGGAL PRAKARSA TBK PT
INDOFOOD CBP
INDOFOOD SUKSES
KALBE FARMA
LIPPO KARAWACI
MATAHARI DEPARTMENT STORE TB
MEDIA NUSANTARA CITRA TBK PT
PT BANK RAKYAT INDONESIA
PT JASA MARGA TBK
PT SEMEN GRESIK TBK
PT XL AXIATA TBK
SURYA CITRA MEDIA
TAMBANG BATUBARA-BTELKOM INDONESIA SERIE B
TOWER B INFRA
UNILEVER INDONESIA
UNITED TRACTORS
1,886 KERNEL HOLDINGS SA
392,927 SBERBANK OF RUSSIA
36,404 SBERBANK PREF
44,200
38,300
58,600
55,100
90,500
23,800
4,500
161,600
64,500
123,700
61,600
60,400
72,300
105,000
USD
AIRASIA
ALLIANCE FINANCIAL GROUP
AMMB HOLDINGS BHD
ASTRO MALAYSIA HOLDINGS
AXIATA GROUP BHD
BERJAYA SPORTS TOTO
BRITISH AMOR TOB M
CIMB GROUP HOLDINGS BERHAD
DIALOG
DIGI.COM BHD
FELDA GLOBAL VENTURES
GAMUDA BHD
GENTING
GENTING MALAYSIA BHD
% of NaV
18,500
122,000
74,000
79,000
30,000
40,000
220,000
144,000
42,000
68,000
168,000
52,000
30,200
658,000
60,000
47,000
57,000
130,000
88,000
23,500
220,000
71,000
17,000
112,000
116,000
84,500
182,000
ALPHA BANK
FOLLI FOLLIE GROUP
HELLENIC PETROLEUM
HELLENIC TELECOMMUNICATIONS
ORGANIZATIONS OTE
JUMBO SA
NATIONAL BANK OF GREECE
OPAP SA
PIRAEUS BANK S.A
PUBLIC POWER CORP
TITAN CEMENT CO
0.09
0.04
Market Value
3,549
12,215
8,129
36,932
4,223
1,824
Greece
123,074
60,946
Quantity
55,669
1,097
2,782
8,922
COMMERCIAL INTL BANK (EGYPT)
ORASCOM TELECOM HOLDING
TALAAT MOUSTAFA GROUP
TELECOM EGYPT
USD
% of NaV
31,134
95,482
37,561
12,429
Egypt
Market Value
Quantity
553 KOMERCNI BANKA AS
4,104 TELEFONICA CZECH
0.09
0.06
0.03
2.00
45,588
28,874
400,065
343,928
36,757
212,860
26,235
72,381
38,718
58,669
32,786
85,456
34,782
84,330
107,026
51,893
46,549
32,138
233,823
27,954
122,083
38,669
33,433
23,887
283,546
28,357
139,934
92,892
0.03
0.02
0.30
0.25
0.03
0.15
0.02
0.05
0.03
0.04
0.02
0.06
0.03
0.06
0.08
0.04
0.03
0.02
0.17
0.02
0.09
0.03
0.02
0.02
0.20
0.02
0.10
0.07
23,795
1,207,964
88,635
0.02
0.87
0.06
29,687
55,658
129,527
50,466
190,644
29,428
88,091
375,941
70,497
187,317
84,441
88,512
226,470
140,407
0.95
3.77
0.02
0.04
0.09
0.04
0.14
0.02
0.06
0.27
0.05
0.14
0.06
0.06
0.16
0.10
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
0.02
0.06
0.07
0.05
0.11
0.02
0.11
0.03
0.37
0.04
0.13
0.05
0.02
0.15
0.08
0.11
0.06
0.16
0.04
0.14
0.20
0.06
0.25
0.05
0.05
0.06
0.03
23,309
25,380
9,747
194,152
289,674
1,513,945
73,588
484,235
46,805
186,688
73,170
62,519
78,205
157,948
687,602
80,864
60,505
94,862
185,074
111,192
43,203
637,846
181,407
241,008
461,206
566,524
126,136
160,708
157,871
0.21
1.10
0.05
0.35
0.03
0.13
0.05
0.05
0.06
0.11
0.51
0.06
0.04
0.07
0.13
0.08
0.03
0.46
0.13
0.17
0.33
0.41
0.09
0.12
0.11
1,389
1,189
15,457
4,777
1,022
6,341
4,821
3,021
1,444
2,364
1,496
5,097
537
23,888
27,227
31,854
11,678
64,435
2,043
19,269
38,280
7,499,475
5.41
MINERAS FRISCO-A-1
OHL MEXICO SAB
PROMOTORA Y OPERAD
WAL MART DE MEXICO V
Peru
6,971 CIA DE MINAS BUENAVENTURA-SP ADR
68,400
65,100
72,700
8,200
200,600
50,700
25,200
28,200
265,000
1,200
28,800
72,100
14,800
368,000
1,500
5,100
215,100
30,900
USD
47,927
64,782
116,111
507,870
0.03
0.05
0.08
0.37
78,215
0.06
84,070
49,871
42,261
95,704
111,864
78,365
48,262
35,582
31,824
44,342
66,188
62,625
57,723
35,820
90,103
81,701
71,147
78,743
0.06
0.04
0.03
0.06
0.07
0.06
0.03
0.03
0.02
0.03
0.05
0.05
0.04
0.03
0.07
0.06
0.05
0.06
78,215
Philippines
1,166,195
Poland
2,318,226
Russia
6,896,637
ABOITIZ EQUITY VENTURES INC
ABOITIZ POWER
ALLIANCE GLOBAL GRP
AYALA CORP
AYALA LAND INC
BANCO DE ORO UNIBANK
BANK PHILIPPINE ISL
DMCI PHP1 ORDS
ENERGY DEVELOPMENT
GLOBE TELECOM
INTERNATIONAL CONTAINER TERMIN
JG SUMMIT HLDG
JOLLIBEE FOODS CORP.
METRO PACIFIC
PHIL LONG DIST TEL
SM INVESTMENTS CORP
SM PRIME HLDGS
UNIVERSAL ROBINA
ALIOR BANK
BANK HANDLOWY
BANK MILLENNIUM
BANK PEKAO SA
BANK ZACHODNI WBK
CYFROWY POLSAT SA
ENEA
EUROCASH SA
GRUPA AZOTY
GRUPA LOTOS SA
JSW
KGHM POLSKA MIEDZ SA
MBANK
ORANGE POLSKA SA
PGE POL GR EN SHS
PKO BANK POLSKI SA
POLSKI KONCERN NAFTOWY ORLEN SA
POLSKIE GORNICTWO NAFT I GAZ CO
POWSZECHNY ZAKLAD UBEZPIECZEN
SYNTHOS
TAURON POLSKA ENERGIA SA
11,532,300 FEDERAL GRID CO UNIFIED ENERGY SYSTEM JSC
430,906 GAZPROM OAO
18,578 LUKOIL OAO
% of NaV
26,964
87,486
101,700
71,268
147,247
32,513
153,559
35,322
499,505
53,855
176,674
68,564
25,235
209,154
107,504
155,666
82,290
223,111
53,784
190,137
277,856
86,923
346,735
64,341
68,483
84,524
44,892
Market Value
ALFA A SHS
AMERICA MOVIL L
ARCA CONTINENTAL
CEMENTOS DE MEXICO CPO
CEMEX LATAM HLDG
COCA-COLA FEMSA SER’L’MXN1
COMPARTAMOS
CONTROLADORA UTS UNITS
EL PUERTO DE LIVERPOOL SAB CI
FIBRA UNO ADMINISTRACION SA
FOMENTO ECO UNIT
GENOMA LAB INT SA
GRUPO AEROPORT DEL PAC B
GRUPO AEROPORTUAR DEL SUR B
GRUPO BIMBO SA DE CV BIMBO
GRUPO CARSO S.A1
GRUPO COMMERCIAL
GRUPO FIN BANORTE
GRUPO FINANCIERO B
GRUPO FINANCIERO INBURSA S.A.B
GRUPO MEXICO SAB DE CV -BGRUPO TELEVISA SA-SER
INDUSTRIAS PENOLES SA DE CV
KIMBERLY-CLARK DEMEXICO S.A.B.
MEXICHEM S.A.B. DE C.V
Quantity
Mexico
USD
% of NaV
103,602
1,302,781
11,804
413,435
6,110
15,483
39,243
14,648
6,871
49,466
71,247
28,921
11,353
7,611
60,297
20,969
12,266
91,440
66,927
85,473
139,729
94,280
5,096
56,764
38,461
GENTING PLANTATIONS
HONG LEONG BANK
IHH HEALTHCARE BHD
IJM CORP BHD
IOI CORPORATION BHD
IOI PROPERTIES GROUP BHD
KUALA LUMPUR KEPONG
LAFARGE MALAYAN CEM
MALAYAN BANKING
MALAYSIA AIRPORTS
MAXIS BERHAD
MISC
MMC CORPORATION BHD
PETRONAS CHEMICALS
PETRONAS DAGANGAN BHD
PETRONAS GAS
PPB GROUP
PUBLIC BANK -FRHB CAPITAL BHD
SAPURAKENCANA PETROLEUM
SIME DARBY
TELEKOM MALAYSIA BHD
TENAGA NASIONAL
UEM LAND HOLDINGS
UMW HOLDINGS
YTL CORP BERHAD
YTL POWER INTL
Market Value
Quantity
8,000
19,900
86,300
39,700
102,400
34,133
20,200
13,500
164,600
19,600
79,600
39,400
28,700
99,000
11,200
21,000
16,700
37,400
22,300
127,100
95,600
51,300
99,800
89,300
18,600
170,900
77,800
37,502
41,374
36,882
284,171
131,279
41,609
21,729
47,746
29,909
27,773
26,341
199,322
88,982
77,583
146,897
416,140
158,676
109,974
303,967
34,931
55,439
31,599
1,819,482
1,153,954
0.06
0.84
1.67
0.03
0.03
0.03
0.21
0.09
0.03
0.02
0.03
0.02
0.02
0.02
0.14
0.06
0.06
0.11
0.29
0.11
0.08
0.22
0.03
0.04
4.98
0.02
1.32
0.84
The accompanying notes form an integral part of these financial statements
111
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
AFRICAN BANK INVESTMENTS LTD
ANGLO PLATINUM LTD
ANGLOGOLD ASHANTI
ASPEN PHARMACARE
ASSORE LTD
BARCLAYS AFRICA SHS
BARLOWORLD
BIDVEST GROUP
DISCOVERY HLDGS
EXXARO RESOURCES LTD
FIRSTRAND
FOSCHIN LTDI
GOLD FIELDS LIMITED
GROWTHPOINT PROPERTIES LTD
HARMONY GOLD
IMPALA PLATINUM HOLDINGS LTD
IMPERIAL HOLDINGS
INVESTEC LIMITED
KUMBA IRON ORE LTD
LIBERTY HOLDINGS LTD
LIFE HEALTHCARE GROUP HOLDINGS LIMITED
MASSMART HOLDING
MEDICLINIC
MMI HOLDINGS
MR PRICE GROUP
MTN GROUP LTD
NASPERS -NNEDBANK GROUP LTD
NETWORK HEALTHCARE HOLDINGS
NORTHAM PLATINUM
PPC
REDEFINE PROPERTIES D
REUNERT
RMB HOLDINGS
The accompanying notes form an integral part of these financial statements
112
34,973
0.03
34,973
9,571,529
56,583
92,293
164,105
319,578
41,333
155,878
76,322
275,120
86,914
72,924
386,815
63,692
84,802
151,648
35,268
229,741
132,355
65,938
124,096
48,390
136,474
49,040
98,300
96,630
135,807
1,277,701
1,504,880
148,993
86,628
46,432
56,161
99,380
43,119
118,621
0.03
6.91
0.04
0.07
0.12
0.23
0.03
0.11
0.06
0.20
0.06
0.05
0.28
0.05
0.06
0.11
0.03
0.17
0.10
0.05
0.09
0.03
0.10
0.04
0.07
0.07
0.10
0.91
1.08
0.11
0.06
0.03
0.04
0.07
0.03
0.09
24,338
64,981
20,080
15,579
44,176
46,790
5,927
16,040
13,542
27,654
99
114
5,820
2,193
3,260
1,670
513
985
3,680
1,610
5,780
3,390
4,740
1,503
296
1,690
3,580
827
1,260
1,808
1,320
9,740
2,630
2,980
1,590
7,680
1,170
870
538
2,000
2,561
2,210
464
1,479
1,130
2,630
389
2,411
5,676
844
1,330
1,962
RMI HOLDINGS
SANLAM LTD
SASOL LTD
SHOPRIETE HOLDINGS LTD
STANDARD BANK GRP
STEINHOFF INTL HLD
TIGER BRANDS
TRUWORTHS INTERNATIONAL
VODACOM GROUP PTY LTD
WOOLWORTHS HOLDINGS LTD
South Korea
AMOREPACIFIC
AMOREPACIFIC
BS FINANCIAL GROUP
CELTRION
CHEIL COMMUNICATIONS INC
CHEIL INDL
CJ
DAELIM INDUSTRIAL
DAEWOO ENGR & CONST
DAEWOO INTL
DAEWOO SECURITIES
DAEWOO SHIPBUILDING & MARINE CO LTD
DGF FINANCIAL GROUP
DONGBU INSURANCE CO LTD
DOOSAN
DOOSAN HEAVY INDUSTRIES
DOOSAN INFRACORE
E-MART
GS ENGINEERING & CONSTRUCTION
GS HOLDINGS
HALLA VISTEON
HANA FINANCIAL GROUP
HANKOOK TIRE
HANWHA CHEMICAL CORP
HANWHA CORP
HANWHA LIFE
HITEJINRO
HYOSUNG
HYUNDAI DEPARTMENT STORE NEW
HYUNDAI DEVT -E&C
HYUNDAI ENGINEERING AND CONSTR
HYUNDAI F & M INS
HYUNDAI GLOVIS CO LTD
HYUNDAI HEAVY IND
HYUNDAI HYSCO CO LTD
HYUNDAI MERCHANT MARINE
HYUNDAI MIPO DOCK
HYUNDAI MOBIS
HYUNDAI MOTOR
HYUNDAI MOTOR CO LTD-PFD
HYUNDAI MOTOR CO.LTD
HYUNDAI STEEL
USD
63,786
330,310
986,386
243,939
545,866
201,612
151,053
117,554
171,962
197,100
22,056,852
43,621
108,021
88,236
79,691
84,948
140,044
56,630
87,827
25,699
63,006
48,744
112,427
74,108
80,038
39,126
56,688
42,742
208,836
36,414
98,165
48,467
405,160
151,268
60,851
59,059
55,234
24,445
57,953
82,075
43,966
147,300
68,058
101,563
360,168
44,435
28,410
65,610
670,516
1,271,971
99,967
164,462
160,440
% of NaV
South Africa
0.46
0.08
0.24
0.29
0.03
0.33
0.23
0.09
0.05
0.05
0.10
0.16
0.14
0.24
0.11
0.20
Market Value
49,181
2,454
13,983
12,456
1,271
12,345
7,993
10,738
10,773
5,215
112,884
6,967
27,005
65,417
14,262
19,563
6,842
9,270
2,931
4,168
34,147
3,951
13,547
40,003
8,687
61,664
14,381
7,431
34,870
11,579
18,733
106,867
6,593
25,696
626,715
105,860
331,457
406,774
42,661
453,960
325,171
131,358
70,017
74,178
141,039
224,674
198,648
326,894
149,105
283,091
Quantity
Singapore
7,400 HONG LEONG FIN GRP
USD
% of NaV
MAGNIT GDR SPONSORED
MEGAFON OJSC
MMC NORILSK NICKEL
MOBILE TELESYSTEMS-SP ADR
MOSCOW EXCHANGE MICEX-RT-BRD
NOVATEK OAO-SPONS GDR REG S
ROSNEFT OIL CIE
ROSTELECOM
RUSHYDRO
SEVERSTAL OAO
SISTEMA JSFC-REG S SPONS GDR
SURGUTNEFTEGAZ
SURGUTNEFTEGAZ PRF
TATNEFT
TRANSNEFT OJSC PREF SHS
VTB BANK
Market Value
Quantity
9,467
3,160
2,016
18,806
21,650
3,316
42,440
38,868
4,047,200
7,624
4,391
260,100
252,300
51,554
57
188,727,000
0.05
0.24
0.71
0.18
0.39
0.15
0.11
0.08
0.12
0.14
15.91
0.03
0.08
0.06
0.06
0.06
0.10
0.04
0.06
0.02
0.05
0.04
0.08
0.05
0.06
0.03
0.04
0.03
0.15
0.03
0.07
0.03
0.29
0.11
0.04
0.04
0.04
0.02
0.04
0.06
0.03
0.11
0.05
0.07
0.26
0.03
0.02
0.05
0.48
0.92
0.07
0.12
0.12
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
90,000
215,000
10,000
76,000
57,000
24,000
306,000
232,000
24,000
274,000
164,000
67,000
14,000
17,000
92,000
483,000
77,000
27,000
62,000
409,000
468,000
134,000
17,000
148,000
21,000
64,000
166,000
6,000
30,000
58,000
59,000
35,000
130,000
56,000
15,000
28,000
245,000
114,000
40,000
146,000
27,000
30,000
235,000
10,000
1,000
SK TELECOM
S-OIL CORP
S1 CORP
WOONG JIN COWAY CO LTD
WOORI FINANCE HOLDINGS
WOORI INVESTMENT & SECURITIES
YUHAN CORP
Taiwan
ACER INC
ADVANCED SEMI ENGR
ADVANTECH
ASIA CEMENT CORP
ASIA PACIFIC
ASUSTEK COMPUTER
AU OPTRONICS CORP
BANK SINOPAC
CATCHER
CATHAY FINANCIAL HLDG CO
CHANG HWA COMMCL BK
CHENG SHIN RUBBER INDUSTRY CO LTD
CHENG UEI PRECISION
CHICONY ELECTRONICS
CHINA AIRLINES
CHINA DEVELOPMENT FINANCIAL HOLDING INC
CHINA LIFE INSURANCE
CHINA MOTOR
CHINA PETROCHEMICAL DEV.
CHINA STEEL CORP
CHINATRUST FIN HLDG
CHUNGHWA TELECOM CO LTD
CLEVO
COMPAL ELECTRONICS
CTCI
DELTA ELECTRONIC INDUSTRIAL INC
E SUN FINANCIAL HOLDINGS
ECLAT TEXTILE
EPISTAR CORP
EVA AIRWAYS
EVERGREEN MARINE
FAR EASTERN DEPARTMENT STORES
FAR EASTERN TEXTILE
FAR EASTONE TELECOMMUNICATION
FARGLORY LAND DEVELOPMENT
FENG HSIN IRON&STEEL
FIRST FINANCIAL HOLDING
FORMOSA CHEMICALS AND FIBER CO
FORMOSA PETROCHEMICAL CORP
FORMOSA PLASTICS
FORMOSA TAFFETA
FOXCONN TECHNOLOGY
FUBON FINANCIAL HOLDING
GIANT MANUFACTURE
HERMES MICROVIS
USD
74,752
111,699
42,881
120,172
161,689
38,438
48,905
15,762,408
55,262
199,826
69,287
98,431
29,549
215,814
97,744
115,597
155,821
443,589
100,975
175,349
28,091
42,723
33,801
145,855
78,024
26,136
28,292
370,527
319,553
418,589
36,734
113,470
34,033
365,058
110,282
67,643
57,779
32,305
36,029
34,644
150,050
123,073
25,417
51,390
152,491
321,305
109,786
394,350
32,659
70,059
343,785
68,784
32,479
% of NaV
343
1,593
605
1,910
12,830
4,230
276
Market Value
0.07
0.05
0.09
0.40
0.05
0.36
0.03
0.22
0.06
0.04
0.07
0.02
0.02
0.22
0.03
0.34
0.03
0.15
0.16
0.18
0.12
0.02
0.06
0.10
0.03
0.11
0.03
0.02
0.02
0.49
0.09
0.03
0.08
0.08
0.54
0.03
0.18
0.11
3.75
0.50
0.05
0.24
0.15
0.15
0.15
0.07
0.05
0.52
0.04
0.07
0.14
0.47
0.23
0.02
Quantity
USD
98,299
67,235
123,172
547,266
74,136
495,536
37,921
298,981
85,384
53,351
90,397
30,746
33,184
301,360
43,750
465,703
39,015
203,640
223,631
242,820
172,394
31,090
77,109
133,218
45,293
149,296
48,064
33,057
32,384
679,855
127,859
41,653
106,961
114,202
753,022
43,589
253,861
146,228
5,214,472
697,827
66,353
337,202
206,231
209,212
210,760
90,158
67,836
713,972
58,379
101,824
191,299
656,950
313,342
31,448
% of NaV
HYUNDAI WIA CORP
INDUSTRIAL BANK OF KOREA
KANGWON LAND
KB FINANCIAL GROUP
KCC CORPORATION
KIA MOTORS CORP
KOREA AEROSPACE INDUTRIES LTD
KOREA ELECTRIC POWER CORP
KOREA GAS CORP
KOREA INVESTMENT HOLDINGS
KOREA ZINC
KOREAN AIR LINES
KT
KT&G CORP
KUMHO PETRO CHEMICAL CO LTD
LG CHEM
LG CHEMICAL PREF ISSUE 01
LG CORP
LG DISPLAY CO LTD
LG ELECTRONICS
LG HOUSEHOLD & HEALTH CARE LTD
LG INNOTEK CO
LG TELECOM
LOTTE CHEMICAL
LOTTE CONFECTIONERY
LOTTE SHOPPING CENTER
LS CORP
LS INDUSTRIAL SYSTEMS LTD
MIRAE ASSET SECURITIES
NAVER CORP
NCSOFT
NHN ENTERTAINMENT
OCI
ORION CORP
POSCO
SAMSUNG CARD
SAMSUNG CORP
SAMSUNG ELECTRO-MECHANICS
SAMSUNG ELECTRONICS CO LTD
SAMSUNG ELECTRONICS PREF SHS
SAMSUNG ENGINEERING
SAMSUNG FIRE & MARINE
SAMSUNG HEAVY INDUSTRIES CO LTD
SAMSUNG LIFE INSURANCE CO
SAMSUNG SDI
SAMSUNG SECURITIES
SAMSUNG TECHWIN
SHINHAN FINANCIAL GROUP
SHINSEGAE
SK C&C CO LTD
SK HOLDINGS SHS
SK HYNIX INC
SK INNOVATION CO LTD
SK NETWORKS
Market Value
Quantity
546
5,840
4,200
13,670
167
9,322
1,380
9,080
1,353
1,380
300
1,040
1,110
4,269
485
1,641
270
3,358
9,310
3,763
332
392
7,570
606
25
390
627
531
890
991
543
456
591
127
2,434
1,230
4,421
2,114
4,011
727
1,061
1,374
5,720
2,123
1,373
2,160
1,316
15,930
244
796
1,057
18,840
2,337
4,390
0.05
0.08
0.03
0.09
0.12
0.03
0.04
11.38
0.04
0.14
0.05
0.07
0.02
0.16
0.07
0.08
0.11
0.32
0.07
0.13
0.02
0.03
0.02
0.11
0.06
0.02
0.02
0.27
0.23
0.30
0.03
0.08
0.02
0.26
0.08
0.05
0.04
0.02
0.03
0.03
0.11
0.09
0.02
0.04
0.11
0.23
0.08
0.28
0.02
0.05
0.25
0.05
0.02
The accompanying notes form an integral part of these financial statements
113
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
36,800
15,200
50,700
10,900
38,500
34,700
205,200
65,200
95,900
155,700
28,700
174,300
51,100
354,200
66,000
123,600
55,200
49,200
59,000
30,300
15,300
62,400
28,900
462,800
265,900
65,527
7,544
8,610
7,737
2,315
76,085
15,144
50,966
2,555
29,712
23,079
1,665
5,951
4,551
4,558
20,095
17,157
16,564
28,031
84,093
22,753
57,336
27,303
USD
27,616
177,979
50,732
Thailand
2,984,272
Turkey
2,084,882
ADVANCED INFO SCE PUB.FRGN RGD
AIRPORTS THAILAND FOREIGN RGD
BANGKOK BANK
BANGKOK DUSIT MEDICAL FOREIGN
BANPU PUBLIC
BEC WORLD
BTS GROUP
CENTRAL PATTANA PUBLIC
CHAROEN POKPHAND FOOD
C.P. ALL PCL
GLOW ENERGY PLC FOREIGN
HOME PROD.FOREIGN
INDORAMA VEN. FRG
IRPC PUBLIC COMPANY
KASIKORNBANK -FKRUNG THAI BANK PUBLIC FOREIGN
MINOR INTERNATIONAL PCL-FOR
PTT EXPLORATION PRODUC PUBLIC
PTT GLOBAL CHEM
PTT PUBLIC COMPANY FOREIGN
SIAM CEMENT -FSIAM COMMCL BANK -FTHAI OIL F
TMB BANK FOREIGN
TRUE CORPORATION PUBLIC
AKBANK
ANADOLU EFES
ARCELIK AS
BIM BIRLESIK MAGAZALAR AS
COCA COLA ICECEK
EMLAK KONUT REIT
ENKA INSAAT VE SANAYI AS
EREGLI DEMIR VE CE
FORD OTOMOTIV
HACI OMER SABANCI HOLDING
KOC HOLDING
KOZA ALTIN ISLETMELERI AS
TAV HAVALIMANLARI HOLDING AS
TOFAS TURK OTOMOBIL FABRIKA
TUPRAS
TURK HAVA YOLLARI
TURK SISE CAM
TURK TELEKOMUNIKASYON A.S.
TURKCELL ILETISIM HIZMETL
TURKIYE GARANTI BANKASI
TURKIYE HALK BANKASI
TURKIYE IS BANKASI-C
TURKIYE VAKIFLAR BANKASI T.A.O
% of NaV
0.07
0.02
0.02
0.08
0.03
0.06
0.02
0.03
0.20
0.13
0.02
0.03
0.02
0.05
0.04
59,000 YANG MING MARINE TRANSPORT
298,000 YUANTA FINANCIAL HOLDINGS CO LTD
28,000 YULON MOTOR COMPANY
Market Value
114
96,251
25,880
31,003
108,289
35,606
86,064
26,926
34,882
279,280
176,112
30,882
36,568
32,765
65,559
57,544
0.09
0.02
0.05
0.76
0.08
0.08
0.07
0.05
0.12
0.03
0.09
0.48
0.20
0.04
0.28
0.02
0.06
0.05
0.02
0.08
0.03
0.10
0.15
0.04
0.03
0.05
0.03
0.02
0.06
0.09
0.03
0.02
0.05
0.08
0.13
0.03
0.14
2.29
Quantity
The accompanying notes form an integral part of these financial statements
USD
123,006
25,366
75,948
1,053,542
111,128
112,094
92,160
72,498
163,068
46,807
118,684
669,637
276,236
50,850
388,384
24,796
77,776
73,441
31,959
109,120
35,152
138,574
207,543
58,517
42,948
67,878
46,203
23,514
79,833
125,422
44,290
34,325
71,418
111,091
183,116
37,818
190,639
3,175,249
% of NaV
84,000
9,000
21,000
198,000
117,000
38,000
15,000
46,000
155,000
425,000
26,000
114,000
63,000
78,000
50,000
HIGH TECH COMPUTER CORP
HIGHWEALTH CONSTRUCTION CORP
HIWIN TECH
HON HAI PRECISION INDUSTRY
HOTAI MOTOR CO LTD
HUA NAN FIANCIAL HOLDINGS CO LTD
INNOLUX CORPORATION
INVENTEC CORP
LARGAN PRECISION
LEE CHANG YUNG CHEM
LITE ON TECHNOLOGY CORP
MEDIATEK INC
MEGA FINANCIAL HOLDING
MERIDA INDUSTRY
NAN YA PLASTICS CORP
NANKANG RUBBER TIRE
NOVATEK MICROELECTRONICS
PEGATRON CORP
PHISON ELECTRONICS CORP
POU CHEN CORP
POWERTECH TECHNOLO TWD10
PRESIDENT CHAIN STORE CORP
QUANTA COMPUTER
RADIANT OPTO-ELECTRONICS
REALTEK SEMICONDUCTOR
RUENTEX DEVELOPMENT CO LTD
RUENTEX INDUSTRIES LTD
SCINOPHARM TAIWAN LTD
SHIN KONG FINANCIAL HOLDING
SILICONWARE PRECISION INDUSTRIES CO LTD
SIMPLO TECHNOLOGY
STANDARD FOOD CORPORATION
SYNNEX TECHNOLOGY INTL
TAISHIN FINANCIAL HOLDING
TAIWAN CEMENT
TAIWAN GLASS IND
TAIWAN MOBILE CO LTD
TAIWAN SEMICONDUCTOR MANUFACTURING CO
LTD
TECO ELECTRIC
TRANSCEND INFO
TSRC
TW COOP FIN HLD
TWN BUSINESS BANK
TWN FERTILIZER
U MING MARINE TRANSPORT CORP
UNIMICRON TECHNOLOGY
UNI-PRESIDENT ENTERPRISES CORP
UNITED MICROELECTRONICS CORP
VANGUARD INTERNATIONAL SEMI
WALSIN LIHWA CORPORATION
WAN HAI LINES
WISTRON CORP
WPG HOLDINGS CO LTD
Market Value
Quantity
26,000
12,000
9,000
392,000
9,000
192,000
242,000
82,000
4,000
36,000
74,000
45,000
328,000
7,000
168,000
20,000
19,000
57,000
5,000
73,000
23,000
20,000
89,000
16,000
16,000
35,000
18,000
8,000
231,000
105,000
10,000
11,000
45,000
226,000
118,000
34,000
59,000
897,000
0.02
0.13
0.04
2.15
223,421
73,317
274,638
38,976
35,442
53,328
54,329
81,351
93,390
199,008
61,575
49,595
31,102
35,140
318,352
62,063
34,773
249,294
141,844
263,719
189,039
272,502
49,471
29,013
69,590
0.16
0.05
0.19
0.03
0.03
0.04
0.04
0.06
0.07
0.14
0.04
0.04
0.02
0.03
0.22
0.04
0.03
0.18
0.10
0.19
0.14
0.20
0.04
0.02
0.05
204,346
81,638
48,691
156,290
55,761
74,368
42,433
61,202
26,995
119,485
94,530
17,204
42,794
28,384
91,012
60,234
21,721
45,949
148,082
272,420
128,672
124,093
48,545
0.15
0.06
0.04
0.11
0.04
0.05
0.03
0.04
0.02
0.09
0.07
0.01
0.03
0.02
0.07
0.04
0.02
0.03
0.11
0.19
0.09
0.09
0.04
1.51
Index Equity Emerging Markets
Securities Portfolio as at 31/12/13
6,200 SOUTHERN COPPER CORP
48,097 URALKALIY
Other transferable securities
Shares
Brazil
27,000 JBS
1,200 M.DIAS BRANCO S.A.
9,700 ODONTOPREV SA
Indonesia
386,000 PERUSAHAAN GAS NEGARA TBK
Mexico
6,381 INDUSTRIAS CH S.A.B
3,925
21,592
8,744
17,514
19,711
6,290
South Africa
AFRICAN RAINBOW MINERALS
NAMPAK LTD
PICK’N PAY STORES
REMGRO
SAPPI LTD
SPAR GROUP LIMITED
Taiwan
9,000 KINSUS INTERCONNECT TECHNOLOGY
Total securities portfolio
USD
% of NaV
United States of America
Market Value
Quantity
4,980 ULKER GIDA
31,650 YAPI VE KREDI BANKASI
35,232
54,801
0.03
0.04
178,002
251,922
0.13
0.18
429,924
1,093,259
1,093,259
191,645
100,366
50,863
40,416
141,935
141,935
42,908
42,908
686,905
70,827
84,523
43,412
347,513
61,634
78,996
29,866
29,866
126,878,128
0.31
0.79
0.79
0.14
0.07
0.04
0.03
0.10
0.10
0.03
0.03
0.50
0.05
0.06
0.03
0.26
0.04
0.06
0.02
0.02
91.60
The accompanying notes form an integral part of these financial statements
115
Index Equity Euro
Securities Portfolio as at 31/12/13
4,942
18,149
11,511
5,510
3,522
143,614
4,470
3,130
7,375
17,124
19,162
21,603
7,253
6,565
1,143
12,097
113,751
8,823
2,275
3,124
69,745
99.50
1,021,249
0.87
116,923,614
154,824
266,901
132,056
212,323
48,678
27,592
42,927
135,948
Belgium
4,458,560
Finland
3,435,713
AGEAS NV
AGEAS NV
ANHEUSER BUSCH INBEV STRIP VVP
ANHEUSER-BUSH INBEV
BELGACOM
COLRUYT DIV
GROUPE BRUXELLES LAMBERT
GROUPE DELHAIZE
KBC GROUPE
SOLVAY
TELENET GROUP HOLDING
UCB SA
UMICORE
ELISA OYJ
FORTUM OYJ
KONE B
METSO OYJ
NESTE OIL
NOKIA OYJ
NOKIAN RENKAAT OYJ
ORION NEW B
POHJOLA BANK
SAMPO A
STORA ENSO OYJ-R
UPM KYMMENE OYJ
WARTSILA OYJ
France
ACCOR SA
ADP
AIR LIQUIDE
ALCATEL LUCENT
ALSTOM
ARKEMA
ATOS
AXA
The accompanying notes form an integral part of these financial statements
116
116,940,161
281,451
10
2,450,918
109,086
102,587
189,704
155,433
394,929
268,588
115,961
235,728
154,165
95,183
301,818
377,561
170,920
50,611
835,832
155,869
63,915
107,823
611,669
139,787
265,285
259,440
36,025,792
222,554
95,692
1,235,709
371,283
233,810
189,758
205,341
1,403,966
99.49
0.13
0.23
0.11
0.18
0.04
0.02
0.04
0.12
3.79
0.00
0.24
0.00
2.08
0.09
0.09
0.16
0.13
0.34
0.23
0.10
0.20
0.13
2.92
0.08
0.26
0.32
0.15
0.04
0.71
0.13
0.05
0.09
0.52
0.12
0.23
0.22
30.66
0.19
0.08
1.05
0.32
0.20
0.16
0.17
1.19
1,342
39,015
8,273
9,677
5,852
25,144
2,415
7,108
2,228
7,014
15,725
40,827
23,205
2,577
8,307
8,498
8,364
910
6,600
662
54,223
898
22,473
1,380
1,064
1,795
2,693
3,092
4,629
7,629
4,403
9,799
9,380
9,866
7,063
31,935
75,762
8,672
7,395
1,364
7,854
9,148
10,191
47,114
20,678
6,275
29,369
3,852
11,466
4,157
3,183
84,280
3,973
2,633
BIC
BNP PARIBAS
BOUYGUES
BUREAU VERITAS
CAP GEMINI SA
CARREFOUR SA
CASINO GUICHARD
CGG ACT
CHRISTIAN DIOR
CNP ASSURANCES
COMPAGNIE DE SAINT-GOBAIN SA
CREDIT AGRICOLE SA
DANONE
DASSAULT SYSTEMES
EDENRED
EDF
ESSILOR INTERNATIONAL
EURAZEO
EUTELSAT COMMUNICATIONS
FONCIERE DES REGIONS
GDF SUEZ
GECINA
GROUPE EUROTUNNEL
ICADE ACT
ILIAD
IMERYS SA
JC DECAUX
KERING
KLEPIERRE
LAFARGE SA
LAGARDERE
LEGRAND
L’OREAL
LVMH MOET HENNESSY LOUIS VUITTON
MICHELIN (CGDE)-SA
NATIXIS
ORANGE
PERNOD RICARD
PUBLICIS GROUPE
REMY COINTREAU
RENAULT SA
REXEL
SAFRAN
SANOFI
SCHNEIDER ELECTRIC SA
SCOR SE ACT PROV
SOCIETE GENERALE A
SODEXO
SUEZ ENVIRONNEMENT COMPANY
TECHNIP SA
THALES SA
TOTAL
UNIBAIL RODAMCO
VALEO
EUR
118,042
2,203,566
226,184
205,056
288,094
719,370
203,512
89,419
304,902
103,527
625,698
378,997
1,212,693
233,811
205,432
217,379
643,359
51,870
149,358
40,958
923,960
85,768
171,042
91,535
161,196
112,834
79,794
475,859
154,238
413,416
118,661
391,862
1,189,853
1,304,285
541,238
135,979
677,312
722,204
484,446
83,013
455,532
174,178
511,486
3,593,855
1,310,984
165,472
1,236,435
283,469
149,230
288,246
147,532
3,735,711
728,052
211,746
% of NaV
190
9,063
10,016
31,913
5,062
2,515
2,842
3,608
9,643
2,355
2,710
4,371
4,576
ANDRITZ AG
ERSTE GROUP BANK
IMMOFINANZ AKT
OMV AG
RAIFFEISEN INTL BANK HOLDING
TELEKOM AUSTRIA AG
VIENNA INSURANCE
VOESTALPINE AG
99.50
Market Value
3,396
10,537
39,209
6,103
1,900
5,013
1,185
3,892
Austria
116,940,161
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.10
1.87
0.19
0.17
0.25
0.61
0.17
0.08
0.26
0.09
0.53
0.32
1.03
0.20
0.17
0.18
0.55
0.04
0.13
0.03
0.79
0.07
0.15
0.08
0.14
0.10
0.07
0.40
0.13
0.35
0.10
0.33
1.01
1.11
0.46
0.12
0.58
0.61
0.41
0.07
0.39
0.15
0.44
3.07
1.12
0.14
1.05
0.24
0.13
0.25
0.13
3.19
0.62
0.18
Index Equity Euro
Securities Portfolio as at 31/12/13
0.67
1.98
0.09
2.40
2.86
0.10
0.98
0.26
0.25
0.09
0.39
0.61
2.02
1.17
0.38
0.12
0.84
1.19
0.12
0.84
0.07
0.39
0.45
0.08
0.23
0.11
0.25
0.34
0.52
0.09
0.10
0.26
0.09
0.13
0.14
0.98
0.13
0.29
0.14
1.00
0.09
0.40
0.21
0.42
1.91
2.64
SKY DE
SUEDZUCKER
TELEFONICA DEUTSCHLAND HOLDING AG
THYSSENKRUPP AG
UNITED INTERNET AG & CO KGAA
VOLKSWAGEN AG
VOLKSWAGEN AG-PFD
Ireland
926,576
29,803
6,103
6,023
BANK OF IRELAND
CRH PLC
KERRY GROUP A
RYANAIR HOLDINGS PLC
47,710
12,981
414,783
71,504
268,951
99,341
4,928
35,766
14,163
475,036
6,821
21,111
10,387
8,330
10,819
82,903
359,256
246,223
51,863
37,297
177,408
ASSICURAZIONI GENERALI
ATLANTIA SPA
BANCA MONTE DEI PASCHI DI SIENA SPA
ENEL GREEN POWER
ENEL SPA
ENI SPA
EXOR SPA
FIAT SPA
FINMECCANICA SPA
INTESA SANPAOLO SPA
LUXOTTICA GROUP
MEDIOBANCA SPA
PIRELLI & C SPA
PRYSMIAN SPA
SAIPEM
SNAM RETE GAS
TELECOM ITALIA SPA
TELECOM ITALIA-RNC
TERNA SPA
UBI BANCA SCPA
UNICREDIT SPA REGR
EUR
110,752
47,814
63,540
295,830
145,911
212,849
1,189,174
1,117,067
815,841
211,720
72,753
130,924
853,650
1,737,475
142,468
212,629
77,967
852,215
265,678
134,266
130,668
155,854
168,344
337,084
259,024
140,101
188,366
184,098
954,455
0.69
0.18
0.06
0.11
0.73
1.48
0.12
0.18
0.07
0.73
0.23
0.11
0.11
0.13
0.14
0.29
0.22
0.12
0.16
0.16
0.81
Luxembourg
1,239,135
73,365
22,942
9,798
14,605
2,555
38,577
2,212
8,360
2,816
3,098
3,615
AEGON NV
AIRBUS GROUP
AKZO NOBEL NV-CVA
ASML HOLDING N.V.
BOSKALIS WESTMINSTER
CNH INDUSTRIAL N.V
CORIO
DELTA LLOYD
FUGRO NV CERTIFICAT-CVA
GEMALTO
HEINEKEN HOLDING NV
Netherlands
0.95
0.20
0.46
0.26
0.03
8,025,580
ARCELORMITTAL SA
RTL GROUP
SES GLOBAL FDR
TENARIS SA
0.09
0.04
0.05
0.25
0.12
0.18
1.01
236,277
538,391
304,906
37,493
Italy
40,828
1,220
12,415
19,294
% of NaV
791,887
2,331,049
101,339
2,826,448
3,348,038
113,501
1,152,856
303,323
297,393
100,625
463,025
716,503
2,374,727
1,374,933
449,814
144,902
981,825
1,398,549
142,175
987,129
82,020
455,896
524,966
93,276
268,669
129,750
293,563
401,497
613,777
101,530
120,877
303,160
104,302
146,981
160,161
1,153,299
147,977
343,860
162,800
1,173,579
111,602
473,405
242,028
488,521
2,250,575
3,097,451
30.56
13,844
2,437
10,590
16,723
4,719
1,081
5,825
Market Value
ADIDAS NOM
ALLIANZ SE-NOM
AXEL SPRINGER
BASF SE
BAYER AG
BAYERISCHE MOTOREN WERKE PFD
BAYERISCHE MOTORENWERKE
BEIERSDORF
BRENNTAG AG
CELESIO
COMMERZBANK
CONTINENTAL AG
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE BOERSE AG
DEUTSCHE LUFTHANSA NOM
DEUTSCHE POST AG-NOM
DEUTSCHE TELEKOM AG-NOM
DEUTSCHE WOHNEN AG
E.ON SE
FRAPORT
FRESENIUS MEDICAL CARE AG & CO
FRESENIUS SE & CO KGAA
FUCHS PETROLUB VORZ AKT STIMMRECHTSLOS
GEA GROUP AG
HANNOVER RUECK SE
HEIDELBERGCEMENT AG
HENKEL KGAA
HENKEL KGAA VZ
HOCHTIEF
HUGO BOSS AG
INFINEON TECHNOLOGIES AG-NOM
KABEL DEUTSCHLAND HOLDING AG
K+S AG
LANXESS
LINDE AG
MAN AG
MERCK KGAA
METRO
MUENCHENER RUECKVERSICHERUNGS AG-NOM
OSRAM LICHT
PORSCHE AUTOMOBIL HOLDING SE
PROSIEBENSAT.1 MEDIA AG
RWE AG
SAP AG
SIEMENS AG-NOM
35,911,433
0.15
0.14
0.79
0.80
0.14
0.13
Quantity
Germany
EUR
173,773
166,578
933,625
939,007
169,649
153,397
% of NaV
8,548
17,883
2,170
36,475
32,840
1,828
13,528
4,119
2,207
4,375
39,541
4,495
37,754
39,652
7,472
9,397
37,050
112,514
10,130
73,584
1,508
8,813
4,704
1,313
7,765
2,080
5,323
5,308
7,280
1,636
1,166
39,067
1,107
6,569
3,304
7,585
1,658
2,640
4,625
7,328
2,722
6,257
6,723
18,362
36,119
31,196
VALLOUREC
VEOLIA ENVIRONNEMENT
VINCI SA
VIVENDI
WENDEL ACT
ZODIAC AEROSPACE
Market Value
Quantity
4,386
14,195
19,579
49,240
1,605
1,205
527,294
113,948
291,504
306,389
12,248,026
502,770
1,278,558
545,847
992,118
98,010
319,610
71,580
152,152
120,806
250,256
164,645
6.83
1.05
0.44
0.10
0.25
0.26
10.42
0.43
1.10
0.46
0.84
0.08
0.27
0.06
0.13
0.10
0.21
0.14
The accompanying notes form an integral part of these financial statements
117
Index Equity Euro
Securities Portfolio as at 31/12/13
ABERTIS INFRAESTRUCTURAS A
ACS
AMADEUS IT HOLDING
BANCO BILBAO VIZCAYA ARGENTA
BANCO DE SABADELL
BANCO POPULAR ESPANOL S.A.
BANCO SANTANDER SA
BANKIA SA
CAIXABANK
DIA SA
ENAGAS
FERROVIAL SA
GAS NATURAL SDG
GRIFOLS B
GRIFOLS SA
IBERDROLA SA
INDITEX
INTERNATIONAL CONSOLIDATED AIRLINES GROUP
SA
MAFPRE SA
RED ELECTRICA CORPORACION
REPSOL
TELEFONICA SA
ZARDOYA OTIS
Warrants, Rights
Austria
10,000 IMMOEAST AG
26,046 IMMOFINANZ ANSPRUCH PERPETUAL
The accompanying notes form an integral part of these financial statements
118
61,949
189,710
177,886
171,209
99,695
0.60
0.05
0.17
0.15
0.15
0.08
12,740,610
10.84
134,974
213,560
610,673
1,918,539
64,285
0.11
0.18
0.52
1.63
0.05
255,298
121,803
454,296
2,029,511
263,008
223,227
2,903,454
164,709
283,302
135,390
123,798
253,069
278,929
55,324
107,265
885,544
1,061,212
199,440
16,547
-
-
0.22
0.10
0.39
1.73
0.22
0.19
2.47
0.14
0.24
0.12
0.11
0.22
0.24
0.05
0.09
0.75
0.90
0.17
0.01
0.00
0.00
0.00
EUR
16,547
16,547
116,940,161
% of NaV
Spain
700,449
0.39
Spain
1.28
33,361 REPSOL DO 09/01/2014
0.46
0.27 Total securities portfolio
0.26
0.08
0.12
0.15
0.21
0.34
0.91
0.12
0.06
1.59
0.19
0.17
Market Value
43,095
4,422
33,361
162,657
4,945
BANCO ESPERITO SANTO REG
EDP - ENERGIAS DE PORTUGAL
GALP ENERGIA SGPS SA-B
JERONIMO MARTINS SGPS SA
PT TELECOM SGPS N
Quantity
15,730
4,877
14,695
226,761
138,864
51,035
446,685
133,152
74,908
20,724
6,585
17,980
14,916
2,110
3,085
191,221
8,914
41,689
Portugal
EUR
459,403
1,498,442
539,510
319,720
306,605
96,057
143,711
174,244
251,585
404,309
1,057,765
142,277
72,757
1,856,332
226,240
202,717
% of NaV
60,262
71,132
14,961
12,057
31,539
HEINEKEN NV
ING GROEP NV-CVA
KONINKLIJKE AHOLD NV
KONINKLIJKE DSM NV
KONINKLIJKE KPN NV
KONINKLIJKE VOPAK N.V.
OCI
QIAGEN NV
RANDSTAD HOLDING NV
REED ELSEVIER NV
ROYAL PHILIPS NV
STMICROELECTRONICS NV
TNT EXPRESS NV
UNILEVER CVA
WOLTERS KLUWER CVA
ZIGGO NV
Market Value
Quantity
9,414
149,396
41,184
5,617
130,860
2,248
4,470
10,289
5,358
26,460
39,863
24,556
10,790
63,693
10,911
6,129
0.01
0.01
99.50
Index Equity Europe
Securities Portfolio as at 31/12/13
Belgium
AGEAS NV
ANHEUSER BUSCH INBEV STRIP VVP
ANHEUSER-BUSH INBEV
BELGACOM
COLRUYT DIV
GROUPE BRUXELLES LAMBERT
GROUPE DELHAIZE
KBC GROUPE
SOLVAY
TELENET GROUP HOLDING
UCB SA
UMICORE
Bermuda
33,240 SEADRILL LTD
65
111
9,300
8,517
60,380
13,568
35,447
21,242
42,826
1,761
3,808
19,360
33,611
28,208
9,154
19,691
350,296
12,333
5,767
561,414,070
99.13
2,335,511
0.41
561,379,373
225,306
561,110
388,492
541,228
89,772
155,527
162,505
211,571
10,022,914
691,191
8
5,293,901
245,584
346,878
447,025
336,670
811,933
713,839
292,812
645,111
197,962
980,197
980,197
Denmark
9,920,554
Finland
8,054,669
A.P. MOELLER-MAERSK A
A.P. MOELLER-MAERSK B
CARLSBERG B
COLOPLAST B
DANSKE BANK A/S
DSV
NOVO NORDISK B
NOVOZYMES AS-B
TDC
TRYGVESTA
WILLIAM DEMANT HOLDING
ELISA OYJ
FORTUM OYJ
KONE B
METSO OYJ
NESTE OIL
NOKIA OYJ
NOKIAN RENKAAT OYJ
ORION NEW B
487,068
875,656
747,994
409,869
1,006,880
323,379
4,723,130
651,786
301,966
123,814
269,012
372,874
558,951
925,222
283,957
282,960
2,038,723
430,052
117,762
99.12
0.04
0.09
0.07
0.09
0.02
0.03
0.03
0.04
1.77
0.12
0.00
0.94
0.04
0.06
0.08
0.06
0.15
0.13
0.05
0.11
0.03
0.17
0.17
1.75
0.09
0.15
0.13
0.07
0.18
0.06
0.83
0.12
0.05
0.02
0.05
1.42
0.07
0.10
0.16
0.05
0.05
0.35
0.08
0.02
11,357
39,194
55,852
35,101
17,882
15,813
1,921
28,569
205,628
14,514
6,719
4,267
150,541
1,739
88,487
21,304
12,972
11,014
51,920
6,166
14,500
4,965
5,213
32,725
100,208
49,195
4,423
13,722
21,800
17,414
4,959
11,964
2,990
111,732
640
45,711
1,274
2,631
3,424
8,221
6,881
12,842
18,530
8,453
24,271
22,209
23,194
17,406
55,085
159,018
19,817
15,259
POHJOLA BANK
SAMPO A
STORA ENSO OYJ-R
UPM KYMMENE OYJ
WARTSILA OYJ
France
ACCOR SA
ADP
AIR LIQUIDE
ALCATEL LUCENT
ALSTOM
ARKEMA
ATOS
AXA
BIC
BNP PARIBAS
BOUYGUES
BUREAU VERITAS
CAP GEMINI SA
CARREFOUR SA
CASINO GUICHARD
CGG ACT
CHRISTIAN DIOR
CNP ASSURANCES
COMPAGNIE DE SAINT-GOBAIN SA
CREDIT AGRICOLE SA
DANONE
DASSAULT SYSTEMES
EDENRED
EDF
ESSILOR INTERNATIONAL
EURAZEO
EUTELSAT COMMUNICATIONS
FONCIERE DES REGIONS
GDF SUEZ
GECINA
GROUPE EUROTUNNEL
ICADE ACT
ILIAD
IMERYS SA
JC DECAUX
KERING
KLEPIERRE
LAFARGE SA
LAGARDERE
LEGRAND
L’OREAL
LVMH MOET HENNESSY LOUIS VUITTON
MICHELIN (CGDE)-SA
NATIXIS
ORANGE
PERNOD RICARD
PUBLICIS GROUPE
EUR
166,039
1,400,010
407,440
431,040
639,639
79,118,341
536,061
160,826
2,918,323
671,170
384,621
560,432
280,470
3,030,390
152,962
4,997,746
582,451
274,877
542,219
1,485,431
519,609
182,410
679,460
76,944
1,302,128
930,231
2,570,931
401,299
339,345
557,644
1,339,485
282,663
270,745
184,991
1,903,913
61,126
347,906
84,504
398,597
215,233
243,588
1,058,986
427,895
1,004,141
227,808
970,597
2,817,212
3,066,247
1,333,822
234,552
1,421,621
1,650,360
999,617
% of NaV
22,257
8,040
68,931
11,396
8,504
6,697
7,815
19,825
6,259
6,843
11,962
5,876
ANDRITZ AG
ERSTE GROUP BANK
IMMOFINANZ AKT
OMV AG
RAIFFEISEN INTL BANK HOLDING
TELEKOM AUSTRIA AG
VIENNA INSURANCE
VOESTALPINE AG
99.13
Market Value
4,942
22,152
115,348
15,557
3,504
28,257
4,486
6,057
Austria
561,414,070
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.03
0.25
0.07
0.08
0.11
13.97
0.09
0.03
0.52
0.12
0.07
0.10
0.05
0.54
0.03
0.87
0.10
0.05
0.10
0.26
0.09
0.03
0.12
0.01
0.23
0.16
0.45
0.07
0.06
0.10
0.24
0.05
0.05
0.03
0.34
0.01
0.06
0.01
0.07
0.04
0.04
0.19
0.08
0.18
0.04
0.17
0.50
0.53
0.24
0.04
0.25
0.29
0.18
The accompanying notes form an integral part of these financial statements
119
Index Equity Europe
Securities Portfolio as at 31/12/13
120
0.29
0.93
0.02
1.12
1.29
0.06
0.44
0.10
0.09
0.02
0.18
0.26
0.95
0.54
0.18
0.06
0.35
0.55
0.07
0.38
0.05
0.19
0.22
0.06
0.09
0.08
0.11
0.13
0.23
0.04
0.07
INFINEON TECHNOLOGIES AG-NOM
K+S AG
LANXESS
LINDE AG
MAN AG
MERCK KGAA
METRO
MUENCHENER RUECKVERSICHERUNGS AG-NOM
OSRAM LICHT
PORSCHE AUTOMOBIL HOLDING SE
PROSIEBENSAT.1 MEDIA AG
RWE AG
SAP AG
SIEMENS AG-NOM
SKY DE
SUEDZUCKER
THYSSENKRUPP AG
UNITED INTERNET AG & CO KGAA
VOLKSWAGEN AG
VOLKSWAGEN AG-PFD
Guernsey
109,120 RESOLUTION LIMITED
1,381,163
61,311
10,161
13,941
109,184
34,601
381,804
128,204
554,203
226,418
6,968
61,383
57,675
963,256
14,112
53,873
9,195
24,654
18,132
198,099
948,138
593,822
97,244
64,110
379,491
Ireland
BANK OF IRELAND
CRH PLC
KERRY GROUP A
RYANAIR HOLDINGS PLC
Italy
ASSICURAZIONI GENERALI
ATLANTIA SPA
BANCA MONTE DEI PASCHI DI SIENA SPA
ENEL GREEN POWER
ENEL SPA
ENI SPA
EXOR SPA
FIAT SPA
FINMECCANICA SPA
INTESA SANPAOLO SPA
LUXOTTICA GROUP
MEDIOBANCA SPA
PIRELLI & C SPA
PRYSMIAN SPA
SAIPEM
SNAM RETE GAS
TELECOM ITALIA SPA
TELECOM ITALIA-RNC
TERNA SPA
UBI BANCA SCPA
UNICREDIT SPA REGR
Jersey
80,365 EXPERIAN PLC
EUR
750,625
433,158
276,550
2,506,696
176,090
631,713
550,035
2,386,395
207,091
993,113
447,336
1,230,348
5,109,794
7,006,994
187,152
229,044
472,164
432,231
673,792
2,627,819
456,766
456,766
% of NaV
The accompanying notes form an integral part of these financial statements
1,631,854
5,257,016
105,776
6,406,330
7,363,032
317,032
2,511,348
543,463
530,780
126,615
1,008,594
1,477,957
5,376,628
3,058,786
1,022,256
312,147
1,990,892
3,103,373
371,605
2,136,902
274,289
1,078,260
1,240,322
350,014
489,763
476,770
644,097
712,378
1,313,297
198,406
383,261
13.97
96,730
19,359
5,705
16,486
1,973
4,850
15,626
14,901
5,051
13,126
12,426
46,245
82,006
70,571
23,394
11,674
26,691
13,979
3,422
12,872
Market Value
ADIDAS NOM
ALLIANZ SE-NOM
AXEL SPRINGER
BASF SE
BAYER AG
BAYERISCHE MOTOREN WERKE PFD
BAYERISCHE MOTORENWERKE
BEIERSDORF
BRENNTAG AG
CELESIO
COMMERZBANK
CONTINENTAL AG
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE BOERSE AG
DEUTSCHE LUFTHANSA NOM
DEUTSCHE POST AG-NOM
DEUTSCHE TELEKOM AG-NOM
DEUTSCHE WOHNEN AG
E.ON SE
FRAPORT
FRESENIUS MEDICAL CARE AG & CO
FRESENIUS SE & CO KGAA
FUCHS PETROLUB VORZ AKT STIMMRECHTSLOS
GEA GROUP AG
HANNOVER RUECK SE
HEIDELBERGCEMENT AG
HENKEL KGAA
HENKEL KGAA VZ
HOCHTIEF
HUGO BOSS AG
79,141,383
0.03
0.17
0.05
0.22
1.42
0.52
0.06
0.47
0.09
0.06
0.13
0.07
1.44
0.27
0.07
0.08
0.07
0.35
0.36
0.07
0.09
Quantity
17,615
40,330
2,265
82,673
72,222
5,106
29,469
7,380
3,939
5,505
86,131
9,272
85,479
88,213
16,981
20,243
75,128
249,668
26,477
159,292
5,043
20,844
11,114
4,927
14,155
7,643
11,679
9,418
15,577
3,197
3,697
Germany
EUR
147,951
954,332
268,959
1,229,304
8,090,333
2,923,628
338,485
2,648,637
525,212
336,412
709,556
394,485
8,208,723
1,508,881
417,380
444,418
410,303
1,968,198
2,023,975
369,633
515,947
% of NaV
REMY COINTREAU
RENAULT SA
REXEL
SAFRAN
SANOFI
SCHNEIDER ELECTRIC SA
SCOR SE ACT PROV
SOCIETE GENERALE A
SODEXO
SUEZ ENVIRONNEMENT COMPANY
TECHNIP SA
THALES SA
TOTAL
UNIBAIL RODAMCO
VALEO
VALLOUREC
VEOLIA ENVIRONNEMENT
VINCI SA
VIVENDI
WENDEL ACT
ZODIAC AEROSPACE
Market Value
Quantity
2,431
16,454
14,126
24,493
106,061
46,114
12,836
62,913
7,137
25,848
10,233
8,511
185,194
8,234
5,190
11,217
34,964
41,275
106,134
3,497
4,053
0.13
0.08
0.05
0.44
0.03
0.11
0.10
0.42
0.04
0.18
0.08
0.22
0.90
1.23
0.03
0.04
0.08
0.08
0.12
0.46
0.08
0.08
2,054,206
0.36
17,353,778
3.06
352,197
1,107,582
507,644
86,783
0.06
0.19
0.09
0.02
1,867,046
564,342
66,968
234,742
1,759,040
3,960,051
201,445
364,922
317,501
1,728,081
549,662
342,632
115,673
461,276
282,134
805,471
683,608
337,885
353,190
316,447
2,041,662
0.33
0.10
0.01
0.04
0.31
0.69
0.04
0.06
0.06
0.31
0.10
0.06
0.02
0.08
0.05
0.14
0.12
0.06
0.06
0.06
0.36
1,073,905
0.19
8,310,482
1.47
Index Equity Europe
Securities Portfolio as at 31/12/13
0.62
0.04
0.05
0.08
0.17
0.32
ARCELORMITTAL SA
MILLICOM INTL CELLULAR SDR
RTL GROUP
SES GLOBAL FDR
SUBSEA 7 SA
TENARIS SA
1,086,552
274,821
317,093
700,103
245,198
753,442
0.20
0.05
0.06
0.12
0.04
0.13
Luxembourg
Netherlands
AEGON NV
AIRBUS GROUP
AKZO NOBEL NV-CVA
ASML HOLDING N.V.
BOSKALIS WESTMINSTER
CNH INDUSTRIAL N.V
CORIO
DELTA LLOYD
FUGRO NV CERTIFICAT-CVA
GEMALTO
HEINEKEN HOLDING NV
HEINEKEN NV
ING GROEP NV-CVA
KONINKLIJKE AHOLD NV
KONINKLIJKE DSM NV
KONINKLIJKE KPN NV
KONINKLIJKE VOPAK N.V.
OCI
QIAGEN NV
RANDSTAD HOLDING NV
REED ELSEVIER NV
ROYAL PHILIPS NV
STMICROELECTRONICS NV
TNT EXPRESS NV
UNILEVER CVA
WOLTERS KLUWER CVA
ZIGGO NV
Norway
AKER KVAERNER ASA
DNB NOR ASA
GJENSIDIGE FORSIKRING ASA
NORSK HYDRO ASA
ORKLA ASA
STATOILHYDRO ASA
TELENOR
YARA INTERNATIONAL ASA
3,377,209
27,048,070
1,105,547
2,897,458
1,106,902
2,160,717
138,480
634,954
296,418
423,350
286,443
624,672
533,651
863,467
3,324,724
1,093,981
773,429
708,202
373,375
189,846
297,887
521,952
941,722
2,238,864
300,813
199,235
4,039,759
604,031
368,191
5,458,737
205,116
1,123,973
333,451
212,146
507,234
1,690,593
1,020,268
365,956
0.60
4.78
0.20
0.51
0.20
0.38
0.02
0.11
0.05
0.07
0.05
0.11
0.09
0.15
0.59
0.19
0.14
0.13
0.07
0.03
0.05
0.09
0.17
0.40
0.05
0.04
0.71
0.11
0.07
0.96
0.04
0.20
0.06
0.04
0.09
0.29
0.18
0.06
263,493
174,665
30,027
12,841
52,344
41,776
11,320
33,065
511,261
302,485
108,574
1,015,419
303,308
153,378
50,286
11,189
31,062
36,317
2,205
15,066
429,950
18,002
67,563
Portugal
BANCO ESPERITO SANTO REG
EDP - ENERGIAS DE PORTUGAL
GALP ENERGIA SGPS SA-B
JERONIMO MARTINS SGPS SA
PT TELECOM SGPS N
Spain
70,887
11,902
69,953
357,102
24,058
ABERTIS INFRAESTRUCTURAS A
ACS
AMADEUS IT HOLDING
BANCO BILBAO VIZCAYA ARGENTA
BANCO DE SABADELL
BANCO POPULAR ESPANOL S.A.
BANCO SANTANDER SA
BANKIA SA
CAIXABANK
DIA SA
ENAGAS
FERROVIAL SA
GAS NATURAL SDG
GRIFOLS B
GRIFOLS SA
IBERDROLA SA
INDITEX
INTERNATIONAL CONSOLIDATED AIRLINES GROUP
SA
MAFPRE SA
RED ELECTRICA CORPORACION
REPSOL
TELEFONICA SA
ZARDOYA OTIS
20,856
28,284
32,844
55,180
39,721
35,983
16,686
20,344
266,606
16,037
79,032
21,268
55,913
44,055
23,480
10,374
252,321
95,026
31,630
129,071
AB INDUSTRIVAERDEN C
ALFA LAVAL
ASSA ABLOY B
ATLAS COPCO AB-A SHS
ATLAS COPCO B
BOLIDEN AB
ELECTROLUX B
ELEKTA AB B
ERICSSON LM-B SHS
GETINGE AB-B SHS
HENNES & MAURITZ AB-B SHS
HEXAGON B
HUSQVARNA
INVESTOR B
KINNEVIK INVESTMENT AB-B
LUNDIN PETROLEUM
NORDEA BANK AB
SANDVIK
SCANIA AB B
SEB A
Sweden
EUR
1,441,525
270,871
465,832
357,021
182,342
165,459
28,458,434
% of NaV
3,523,584
211,068
271,191
458,084
974,939
1,797,711
Market Value
15,888
86,981
24,199
65,803
90,004
96,565
59,244
11,773
GLENCORE XSTRATA PLC
INTU PROPERTIES PLC
PETROFAC LIMITED
RANDGOLD RESOURCES
WOLSELEY
WPP PLC
Quantity
161,323
51,991
19,869
31,808
3,610
76,639
9,160
23,261
6,677
7,733
11,717
17,694
331,478
83,510
13,588
302,263
8,738
5,905
17,590
11,116
61,631
84,374
51,918
29,547
138,609
29,131
11,132
EUR
% of NaV
84,131
3,809
3,395
29,817
17,733
47,446
Market Value
Quantity
931,046
56,840
18,581
10,074
23,829
109,129
0.25
0.05
0.08
0.06
0.03
0.03
5.03
678,024
282,717
1,022,204
4,575,786
572,907
474,903
6,600,224
375,192
580,076
328,518
210,353
437,198
679,128
57,815
523,845
1,991,098
2,143,138
323,221
0.12
0.05
0.18
0.81
0.10
0.08
1.16
0.07
0.10
0.06
0.04
0.08
0.12
0.01
0.09
0.35
0.38
0.06
26,985,833
4.76
222,018
574,807
1,280,490
4,212,018
312,754
287,327
525,707
1,257,183
1,108,287
730,230
399,054
316,717
225,387
2,357,538
397,434
2,636,983
487,061
243,875
1,098,236
787,930
146,542
2,462,868
970,887
448,584
1,232,945
0.04
0.10
0.23
0.74
0.06
0.05
0.09
0.22
0.20
0.13
0.07
0.06
0.04
0.42
0.07
0.46
0.09
0.04
0.19
0.14
0.03
0.43
0.17
0.08
0.22
The accompanying notes form an integral part of these financial statements
121
Index Equity Europe
Securities Portfolio as at 31/12/13
United Kingdom
59,107 ABERDEEN ASSET MANAGEMENT
The accompanying notes form an integral part of these financial statements
122
13.35
158,623
508,452
899,860
567,105
344,845
251,242
330,155
391,277
2,041,752
902,153
2,441,483
1,417,727
172,997
1,215,632
4,547,943
2,878,532
0.03
0.09
0.16
0.10
0.06
0.04
0.06
0.07
0.36
0.16
0.43
0.25
0.03
0.21
0.80
0.51
3,599,992
464,511
802,945
505,285
315,599
308,590
3,197,540
364,645
2,907,783
99,665
763,201
803,175
979,432
545,300
369,885
314,238
177,317
237,312
15,147,649
11,719,351
102,693
278,008
12,531,939
175,254,931
343,088
0.64
0.08
0.14
0.09
0.06
0.05
0.56
0.06
0.51
0.02
0.13
0.14
0.17
0.10
0.07
0.06
0.03
0.04
2.68
2.07
0.02
0.05
2.22
30.96
0.06
ADMIRAL GROUP
AGGREKO
AMEC PLC
ANGLO AMERICAN PLC
ANTOFAGASTA PLC
ARM HOLDINGS
ASSOCIATED BRITISH FOODS
ASTRAZENECA PLC
AVIVA PLC
BABCOCK INTERNATIONAL GROUP PLC
BAE SYSTEMS PLC
BARCLAYS PLC
BG GROUP PLC
BHP BILLITON PLC
BP PLC
BRITISH AMERICAN TOBACCO PLC
BRITISH LAND CO PLC
BRITISH SKY BROADCASTING GRP
BT GROUP PLC
BUNZL
BURBERRY GROUP
CAPITA
CARNIVAL PLC
CENTRICA PLC
COBHAM
COMPASS GROUP PLC
CRODA INTERNATIONAL PLC
DIAGEO
DIRECT
EASYJET
FRESNILLO PLC-W/I
GKN
GLAXOSMITHKLINE PLC
G4S SHS
HAMMERSON
HARGREAVES LANSDOWN
HSBC HOLDINGS PLC
ICAP PLC
IMI PLC
IMPERIAL TOBACCO GROUP PLC
INMARSAT PLC
INTERCONT HOTELS GROUP PLC
INTERTEK GROUP
INVENSYS
INVESTEC
ITV
JOHNSON MATTHEY PLC
KINGFISHER
LAND SECURITIES GROUP PLC
LEGAL & GENERAL GROUP
LLOYDS BANKING GROUP PLC
LONDON STOCK EXCHANGE
MARKS AND SPENCER GROUP
MEGGITT PLC
EUR
235,832
643,571
414,171
1,831,066
303,538
1,488,798
883,190
4,799,426
1,423,804
383,280
1,496,436
4,409,966
4,539,111
4,188,392
9,576,609
6,322,336
607,613
1,003,337
3,252,584
508,216
659,831
687,297
599,597
1,916,879
409,923
1,893,262
320,355
5,383,299
230,059
339,460
107,371
625,006
8,261,583
371,919
410,425
322,165
12,917,462
385,436
419,531
2,294,563
407,517
705,006
442,666
285,840
196,999
852,644
831,339
976,023
657,356
1,302,243
4,111,344
463,534
847,665
357,232
% of NaV
1,476
4,742
537
219
3,519
2,138
2,183
6,939
30,472
2,346
8,417
2,945
2,110
34,268
329,148
13,636
75,605,833
15,164
31,295
31,879
114,351
30,423
113,548
29,889
111,440
266,195
23,945
288,219
1,359,753
292,202
187,675
1,647,985
164,100
81,854
99,844
720,603
29,604
36,648
55,832
20,267
462,163
125,285
165,196
10,930
226,524
77,920
18,705
12,031
141,277
429,736
118,208
69,210
19,948
1,638,250
70,239
23,026
82,037
44,792
29,174
11,837
46,988
38,198
371,986
21,323
211,856
58,085
489,014
4,382,393
22,488
160,055
56,448
Market Value
ABB LTD-NOM
ACTELION N
ADECCO
ARYZTA
BALOISE-HOLDING NOM.
BARRY CALLEBAUT N
CIE FINANCIERE RICHEMONT SA
COCA COLA HBC
CREDIT SUISSE GROUP AG-NOM
EMS-CHEMIE HOLDING N
GEBERIT AG-NOM
GIVAUDAN N
HOLCIM LTD-NOM
JULIUS BAER GRUPPE
KUEHNE UND NAGEL INTERNATIONAL AG-NOM
LINDT & SPRUENGLI AG-NOM
LINDT AND SPRUENGLI PS
LONZA GROUP AG N
NESTLE SA
NOVARTIS AG-NOM
PARGESA HOLDING
PARTNERS GROUP HOLDING N
ROCHE HOLDING AG - BON DE JOUISSANCE
DIVIDENDE
SCHINDLER HOLDING N
SCHINDLER HOLDING PS
SGS SA-NOM
SIKA
SONOVA HOLDING AG
SULZER AG-NOM
SWISS LIFE HOLDING NOM
SWISS PRIME SITE
SWISS RE AG
SWISSCOM N
SYNGENTA AG-NOM
THE SWATCH GROUP
THE SWATCH GROUP N
TRANSOCEAN LTD
UBS AG NOM
ZURICH INSURANCE GROUP AG
0.05
0.11
0.10
0.20
0.25
0.30
0.05
0.03
0.24
0.23
Quantity
187,750
7,549
13,927
9,046
3,402
338
44,094
17,531
130,573
385
3,455
772
17,968
15,587
3,868
8
54
3,435
284,059
201,558
1,749
1,431
61,581
Switzerland
EUR
264,398
616,258
539,605
1,158,541
1,415,776
1,694,108
308,817
178,824
1,370,730
1,318,001
% of NaV
SECURITAS B
SKANSKA AB-B SHS
SKF AB-B SHS
SVENSKA CELLULOSA SCA B
SVENSKA HANDELSBANKEN A
SWEDBANK A SHS A
SWEDISH MATCH AB
TELE2 B
TELIASONERA AB
VOLVO AB-B SHS
Market Value
Quantity
34,340
41,634
28,395
51,943
39,773
83,089
13,263
21,791
227,234
138,547
0.04
0.11
0.07
0.32
0.05
0.26
0.16
0.85
0.25
0.07
0.26
0.78
0.80
0.74
1.70
1.12
0.11
0.18
0.57
0.09
0.12
0.12
0.11
0.34
0.07
0.33
0.06
0.95
0.04
0.06
0.02
0.11
1.46
0.07
0.07
0.06
2.29
0.07
0.07
0.41
0.07
0.12
0.08
0.05
0.03
0.15
0.15
0.17
0.12
0.23
0.73
0.08
0.15
0.06
Index Equity Europe
Securities Portfolio as at 31/12/13
Warrants, Rights
Spain
69,953 REPSOL DO 09/01/2014
Total securities portfolio
EUR
% of NaV
MELROSE
MORRISON SUPERMARKETS PLC
NATIONAL GRID PLC
NEXT PLC
OLD MUTUAL
PEARSON
PERSIMMON PLC
PRUDENTIAL PLC
RECKITT BENCKISER GROUP PLC
REED ELSEVIER PLC
REXAM P.L.C.
RIO TINTO PLC
ROLLS ROYCE JAN14
ROLLS-ROYCE HODLINGS PLC
ROYAL BK OF SCOTLAND GROUP PLC
ROYAL DUTCH SHELL B SHARES
ROYAL DUTCH SHELL PLC-A
RSA INSUR GRP SHS
SABMILLER
SAGE GRP
SAINSBURY(J)
SCHRODERS LTD
SEGRO PLC
SERCO GROUP
SEVERN TRENT PLC
SHIRE
SMITH & NEPHEW
SMITHS GROUP
SSE PLC
STANDARD CHARTERED
STANDARD LIFE PLC
TATE & LYLE PLC
TESCO PLC
TRAVIS PERKINS
TUI TRAVEL
TULLOW OIL PLC
UNILEVER
UNITED UTILITIES GROUP PLC
VODAFONE GROUP PLC
WEIR GROUP
WHITBREAD
WILLIAM HILL PLC
3I GROUP
Market Value
Quantity
81,008
224,742
317,336
15,901
457,957
63,927
33,481
216,223
57,327
110,039
59,376
113,137
14,347,552
166,832
210,767
215,100
340,369
392,908
83,194
68,862
124,493
7,962
49,251
50,253
17,738
48,380
80,340
34,511
85,830
214,328
222,831
56,003
723,687
26,611
36,184
78,576
113,331
72,240
4,235,020
21,321
12,408
81,846
64,221
294,416
708,990
2,985,821
1,037,683
1,043,675
1,024,790
487,856
3,466,190
3,282,981
1,176,874
370,789
4,613,997
17,164
2,516,750
856,532
5,831,040
8,760,664
431,968
3,054,461
330,841
552,690
246,604
197,145
299,149
363,503
1,641,991
824,641
612,272
1,407,739
3,476,837
956,742
541,003
2,911,977
588,314
176,699
805,124
3,351,528
580,323
11,992,215
546,862
553,677
389,892
297,327
0.05
0.13
0.53
0.18
0.18
0.18
0.09
0.61
0.58
0.21
0.07
0.81
0.00
0.44
0.15
1.03
1.55
0.08
0.54
0.06
0.10
0.04
0.03
0.05
0.06
0.29
0.15
0.11
0.25
0.61
0.17
0.10
0.51
0.10
0.03
0.14
0.59
0.10
2.13
0.10
0.10
0.07
0.05
34,697
0.01
561,414,070
99.13
34,697
34,697
0.01
0.01
The accompanying notes form an integral part of these financial statements
123
Index Equity North America
Securities Portfolio as at 31/12/13
6,168
4,927
10,262
4,508
23,318
23,300
2,820
2,082
Bermuda
ARCH CAP GRP
AXIS CAPITAL HOLDINGS
BUNGE LTD
EVEREST REINSURANCE GROUP
INVESCO LTD
MARVELL TECHNOLOGY
PARTNERRE
RENAISSANCERE HOLDINGS LTD
British Virgin Islands
14,300 MICKAEL KORS
7,213
6,975
11,880
13,900
30,642
9,000
24,964
38,855
79,982
84,490
4,892
18,088
10,800
94,401
34,569
10,546
10,736
19,436
23,920
52,400
75,156
25,999
7,095
7,862
16,300
12,022
45,906
9,834
7,677
23,389
Canada
AGNICO EAGLE MINES
AGRIUM INC
ALIMENTATION COUCHE TARD B
ALTAGAS
ARC RESOURCES LTD
ATCO LTD CLASS 1
ATHABASCA OIL
BANK OF MONTREAL
BANK OF NOVA SCOTIA
BARRICK GOLD CORP
BAYTEX ENERGY CORP
BCE INC
BELL ALIANT INC
BOMBARDIER INC B
BROOKFIELD ASSET MANAGEMENT A
BROOKFIELD PROPERTIES CORP
CAE INC
CAMECO CORP
CANADIAN IMPERIAL BANK OF COM
CANADIAN NATIONAL RAILWAY CO
CANADIAN NATURAL RESOURCES
CANADIAN OIL SANDS LTD (NEW)
CANADIAN TIRE CORP A N VOT
CANADIAN UTILITIES LTD SHS A
CATAMARAN
CDN PACIFIC RAILWAY LTD
CENOVUS ENERGY CORP
CGI GROUP INC A
CI FINCIAL FD
CRESCENT POINT ENERGY CORP
The accompanying notes form an integral part of these financial statements
124
848,142,956
99.52
608,711
0.07
848,142,944
120,390
245,737
242,584
2,780,670
267,185
170,091
611,497
509,933
615,971
243,154
215,764
147,075
842,568
842,568
59,486,534
138,088
462,936
648,184
387,079
618,889
286,834
110,493
1,879,255
3,629,114
1,079,750
139,137
568,319
197,182
297,250
973,282
147,308
99,070
292,592
1,482,205
2,167,511
1,844,955
354,810
482,143
191,549
561,685
1,319,172
953,207
238,722
185,364
658,991
99.52
0.01
0.03
0.03
0.33
0.03
0.02
0.07
0.06
0.07
0.03
0.03
0.02
0.10
0.10
6.97
0.02
0.05
0.08
0.05
0.07
0.03
0.01
0.22
0.44
0.13
0.02
0.07
0.02
0.03
0.11
0.02
0.01
0.03
0.17
0.25
0.22
0.04
0.06
0.02
0.07
0.15
0.11
0.03
0.02
0.08
5,800
34,549
2,458
53,779
49,916
13,398
400
6,181
41,430
19,754
9,432
1,848
8,465
44,075
15,832
18,700
14,813
10,010
22,653
6,134
12,030
7,500
71,176
3,925
12,800
126,636
5,000
8,800
2,550
12,273
31,259
7,355
959
10,637
24,956
14,128
18,761
1,500
50,999
15,294
10,644
26,803
93,049
12,303
32,552
14,047
16,012
6,170
37,787
86,216
58,824
28,156
19,712
28,328
DOLLARAMA INC
ELDORADO GOLD CORP
EMPIRE CO LTD -A- NON VOTING
ENBRIDGE
ENCANA
ENERPLUS
FAIRFAX FINANCIAL HOLDINGS LTD
FINNING INTERNATIONAL INC
FIRST QUANTUM MINERALS LTD
FORTIS INC
FRANCO NEVADA
GEORGE WESTON LTD
GILDAN ACTIVEWEAR A
GOLDCORP
GREAT WEST LIFECO
H&R REAL ESTATE INVESTMENT TRUST
HUSKY ENERGY
IGM FINANCIAL
IMPERIAL OIL
INDL ALLIANCE INSURANCE FCIAL
INTACT FINANCIAL CORP
KEYERA
KINROSS GOLD
LOBLAW COMPANIES
MAGNA INTERNATIONAL A SUB.VTG
MANULIFE FINANCIAL CORP
MEG ENERGY CORP
METHANEX CORP
METRO INC
NATIONAL BANK OF CANADA
NEW GOLD
ONEX CORP SUB VTG
OPEN TEXT
PACIFIC RUBIALES
PEMBINA PIPELINE
PENGROWTH ENERGY
PENN WEST ENERGY PETROLEUM LTD
PEYTO EXPLORATION & DEVELOPMENT CORP
POTASH CORP OF SASKATCHEWAN
POWER CORP OF CANADA
RIOCAN REAL ESTE INVESTMNT TRT
ROGERS COMMUNICATIONS SHS B
ROYAL BANK OF CANADA
SAPUTO INC
SHAW COMMUNICATIONS B
SHOPPERS DRUG MART
SILVER WHEATON
SNC-LAVALIN GROUP A
SUN LIFE FINANCIAL
SUNCOR ENERGY INC. (NOUV. STE)
TALISMAN ENERGY
TECK RESOURCES B
TELUS
THOMSON CORP
EUR
349,454
142,297
121,855
1,704,780
653,932
176,621
115,873
114,623
541,628
410,853
278,892
97,825
327,314
693,616
354,153
273,338
340,971
383,498
727,842
196,709
570,009
327,499
226,064
113,617
761,504
1,812,978
104,539
377,594
113,039
740,965
118,712
288,111
64,003
133,249
637,856
63,400
113,664
33,308
1,219,893
333,761
180,084
880,038
4,538,525
406,641
574,754
558,311
234,594
201,403
968,388
2,193,015
496,210
531,753
492,245
777,252
% of NaV
22,311 BLACKBERRY
18,791 NEW NEWSCORP
7,100 RESMED
99.57
Market Value
Australia
848,532,254
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.04
0.02
0.01
0.20
0.08
0.02
0.01
0.01
0.06
0.05
0.03
0.01
0.04
0.08
0.04
0.03
0.04
0.05
0.09
0.02
0.07
0.04
0.03
0.01
0.09
0.21
0.01
0.04
0.01
0.09
0.01
0.03
0.01
0.02
0.07
0.01
0.01
0.00
0.14
0.04
0.02
0.10
0.54
0.05
0.07
0.07
0.03
0.02
0.11
0.26
0.06
0.06
0.06
0.09
Index Equity North America
Securities Portfolio as at 31/12/13
9,076,593
ACCENTURE SHS CLASS A
ACTAVIS
COVIDIEN
EATON CORP
INGERSOLL RAND PLC
PERRIGO COMPANY PLC
WILLIS GROUP HOLDING
XL GROUP PLC
Jersey
Liberia
Netherlands
CORE LABORATORIES
LYONDELLBASELL
NIELSEN HOLDINGS
SENSATA TECHNOLOGIE
Panama
25,623 CARNIVAL CORP
Singapore
18,400 AVAGO TECHNOLOGIE LTD
29,993 FLEXTRONICS INTL
5,332,378
2,590,144
1,440,853
1,307,933
1,803,966
847,500
517,863
242,367
325,967
837,836
837,836
351,396
351,396
2,903,900
318,723
1,629,953
631,660
323,564
746,962
746,962
875,374
706,249
169,125
Switzerland
3,863,457
United Kingdom
2,339,395
ACE LTD
TE CONNECTIVITY LTD
TYCO INTERNATIONAL LTD
WEATHERFORD INTERNATIONAL
15,500 ENSCO - A
1,485,386
1,150,873
760,042
467,156
643,195
0.28
0.63
0.63
1.07
0.31
0.17
0.15
0.21
0.10
0.06
0.03
0.04
0.10
0.10
0.04
0.04
0.34
0.04
0.19
0.07
0.04
0.09
0.09
0.10
0.08
0.02
0.45
0.17
0.14
0.09
0.05
0.27
0.08
13,047 LIBERTY GLOBAL PLC A
8,705 LIBERTY GLOBAL SHARES C
11,802 NOBLE
93,912
97,012
31,314
25,584
12,760
3,912
30,134
23,610
3,600
28,063
10,183
25,743
11,615
3,169
10,127
6,500
51,593
13,404
1,000
16,888
3,908
4,474
25,814
16,674
123,406
22,576
15,307
29,100
28,036
61,238
89,498
26,169
9,888
11,613
11,648
17,330
46,812
10,717
31,548
22,922
56,010
6,400
18,553
25,256
56,669
65,186
44,752
4,282
5,400
United States of America
ABBOTT LABORATORIES
ABBVIE INC
ACTIVISION BLIZZARD INC
ADOBE SYSTEMS INC
ADT CORP
ADVANCE AUTO PARTS
AES CORP
AETNA INC
AFFILIATED MANAGERS
AFLAC INC
AGCO CORP
AGILENT TECHNOLOGIES INC
AIR PRODUCTS & CHEMICALS INC
AIRGAS
AKAMAI TECHNOLOGIES INC
ALBEMARLE
ALCOA INC
ALEXION PHARMACEUTICALS INC
ALLEGHANY CORPORATION
ALLERGAN INC
ALLIANCE DATA SYST
ALLIANT ENERGY CORP
ALLSTATE CORP
ALTERA CORP
ALTRIA GROUP INC
AMAZON.COM
AMEREN CORPORATION
AMERICAN CAPITAL AGENCY
AMERICAN ELECTRIC POWER INC
AMERICAN EXPRESS CO
AMERICAN INTL GRP
AMERICAN TOWER
AMERICAN WATER WORKS
AMERIPRISE FINANCIAL
AMERISOURCEBERGEN
AMETEK
AMGEN INC
AMPHENOL CORPORATION-A
ANADARKO PETROLEUM CORP
ANALOG DEVICES INC
ANNALY CAPITAL MANAGEMENT
ANSYS
AON PLC
APACHE CORP
APPLE INC
APPLIED MATERIALS INC
ARCHER-DANIELS MIDLAND CO
ARROW ELECTRONICS INC
ASHLAND INC
EUR
842,594
532,679
320,927
755,752,768
2,612,320
3,717,990
405,188
1,111,775
374,758
314,221
317,315
1,175,231
566,616
1,360,433
437,412
1,068,429
942,215
257,232
346,741
299,020
398,007
1,294,340
290,257
1,361,384
745,695
167,538
1,021,732
393,632
3,438,119
6,533,679
401,684
407,373
950,980
4,032,166
3,315,703
1,515,882
303,253
969,611
594,340
662,412
3,878,267
693,597
1,816,022
847,213
405,254
405,007
1,129,512
1,575,166
23,075,978
836,852
1,409,512
168,583
380,287
% of NaV
Ireland
10,211 ROYAL CARIBBEAN CRUISES
19,770
28,776
25,519
41,557
0.02
0.04
0.10
0.12
5,332,378
19,200 DELPHI AUTOMOTIVE PLC
2,300
27,977
18,967
11,500
208,367
361,131
801,728
973,176
2,344,402
Curacao
81,542 SCHLUMBERGER LTD
43,409
11,818
26,465
32,656
18,958
4,650
7,453
14,107
0.04
0.45
0.04
0.01
0.16
0.01
0.18
0.02
0.02
Market Value
GARMIN LTD
HERBALIFE
PRINCIPAL FINANCIAL
SEAGATE TECHNOLOGY
300,032
3,773,484
357,221
78,925
1,371,772
43,663
1,556,675
212,937
203,697
Quantity
6,212
6,323
22,404
23,878
Cayman Islands
EUR
% of NaV
TIM HORTONS INC
TORONTO DOMINION BANK
TOURMALINE OIL
TRANSALTA CORP
TRANSCANADA CORP
TURQUOISE HILL
VALEANT PHARMA
VERMILION ENERGY TR
YAMANA GOLD
Market Value
Quantity
7,086
55,185
11,700
8,572
41,375
18,212
18,288
5,000
32,557
0.09
0.06
0.04
88.68
0.31
0.44
0.05
0.13
0.04
0.04
0.04
0.14
0.07
0.16
0.05
0.13
0.11
0.03
0.04
0.04
0.05
0.15
0.03
0.16
0.09
0.02
0.12
0.05
0.40
0.77
0.05
0.05
0.11
0.47
0.39
0.18
0.04
0.11
0.07
0.08
0.46
0.08
0.21
0.10
0.05
0.05
0.13
0.18
2.70
0.10
0.17
0.02
0.04
The accompanying notes form an integral part of these financial statements
125
Index Equity North America
Securities Portfolio as at 31/12/13
CHARLES SCHWAB CORP
CHARTER COMMUNICATION
CHENIERE ENERGY
CHESAPEAKE ENERGY CORP
CHEVRON CORP
CHICAGO BDGE NY REG
CHIPOTLE MEXICAN GRILL CL A
CHUBB CORP
CHURCH & DWIGHT INC
CIGNA CORP
CIMAREX ENERGY
CINCINNATI FINANCIAL CORP
CINTAS CORP
CISCO SYSTEMS INC
CIT GROUP INC
CITIGROUP INC
CITRIX SYSTEMS INC
CLOROX CO
CME GROUP INC
CMS ENERGY CORP
COACH INC
COBALT INTERNATIONAL ENERGY
COCA-COLA CO
COCA-COLA ENTERPRI
COGNIZANT TECH SO-A
COLE REAL ESTATE INVESTMENT
COLGATE PALMOLIVE CO
COMCAST CLASS A
COMCAST CLASS A SPECIAL
COMERICA INC
COMPUTER SCIENCES CORP
CONAGRA FOODS
CONCHO RESOURCES
CONOCOPHILLIPS
CONSOL ENERGY INC
CONSOLIDATED EDISON INC
CONSTELLATION BRANDS INC-A
CONTINENTAL RESOURCES INC
CORNING INC
COSTCO WHOLESALE
CREE
CROWN CASTLE INTERNATIONAL
CROWN HOLDINGS
CSX CORP
CUMMINS INC
CVS CAREMARK CORP
DANAHER CORP
DARDEN RESTAURANTS INC
DAVITA HEALTHCARE
DEERE & CO
DELTA AIR LINES WI
DENBURY RESOURCES
DENTSPLY INTERNATIONAL
DEVON ENERGY CORPORATION
EUR
1,189,288
456,545
469,393
723,392
11,083,672
277,546
920,606
1,229,728
455,078
1,115,315
318,548
524,289
194,821
5,583,785
307,230
7,038,849
422,753
431,908
1,287,975
341,922
738,597
169,520
7,637,651
489,675
1,495,921
219,065
2,915,154
4,949,638
1,169,399
325,167
280,140
493,363
431,075
3,636,095
323,407
735,957
676,040
317,403
1,349,468
2,540,584
216,142
1,081,560
217,586
1,499,769
1,243,712
3,905,952
2,095,681
478,773
396,698
1,371,060
185,399
228,693
337,930
919,867
% of NaV
63,030
4,600
15,000
36,728
122,270
4,600
2,381
17,536
9,461
17,568
4,184
13,795
4,505
342,725
8,121
186,129
9,210
6,416
22,620
17,600
18,132
14,200
254,764
15,290
20,413
21,500
61,600
131,249
32,305
9,425
6,908
20,173
5,500
70,918
11,715
18,345
13,236
3,887
104,349
29,416
4,760
20,296
6,727
71,832
12,157
75,202
37,406
12,134
8,626
20,686
9,300
19,180
9,605
20,487
Market Value
126
0.05
0.99
0.06
0.03
0.22
0.08
0.07
0.04
0.02
0.05
0.14
0.03
0.91
0.20
0.05
0.19
0.07
0.06
0.10
0.08
0.72
0.05
0.35
0.05
0.24
0.52
0.05
0.08
0.10
0.13
0.45
0.08
0.04
0.06
0.03
0.09
0.03
0.04
0.07
0.06
0.24
0.14
0.06
0.07
0.32
0.03
0.17
0.05
0.35
0.04
0.12
0.10
0.07
0.07
Quantity
The accompanying notes form an integral part of these financial statements
EUR
415,237
8,488,514
520,960
258,488
1,876,877
698,206
628,152
311,167
189,507
387,227
1,225,950
253,211
7,745,543
1,721,682
436,536
1,600,818
612,643
495,453
829,347
685,314
6,137,380
427,032
2,949,460
438,566
2,024,287
4,455,302
455,979
679,817
871,874
1,143,312
3,877,005
674,594
312,382
502,961
277,157
774,666
264,541
305,462
616,836
548,840
2,085,669
1,172,466
480,863
608,894
2,694,479
248,351
1,477,915
451,407
2,997,248
357,806
993,095
820,759
633,019
564,623
% of NaV
ASSURANT
AT&T INC
AUTODESK INC
AUTOLIV INC
AUTOMATIC DATA PROCESSING INC
AUTOZONE INC
AVALONBAY COMMUNITIE
AVERY DENNISON CORP
AVNET INC
AVON PRODUCTS INC
BAKER HUGHES INC
BALL CORP
BANK OF AMERICA CORP
BANK OF NEW YORK MELLON CORP
BARD (CR) INC
BAXTER INTERNATIONAL INC
B/E AEROSPACE
BEAM INC-WHEN ISSUED
BECTON DICKINSON & CO
BED BATH & BEYOND INC
BERKSHIRE HATAW B
BEST BUY CO INC
BIOGEN IDEC INC
BIOMARIN PHARMACEUTICAL INC
BLACKROCK INC A
BOEING CO
BORG WARNER INC
BOSTON PROPERTIES INC
BOSTON SCIENTIFIC CORP
BRANCH BANKING AND TRUST CORP
BRISTOL MYERS SQUIBB CO
BROADCOM CORPORATION A
BROWN-FORMAN CORP B
CA
CABLEVISION NY GRP
CABOT OIL & GAS
CALPINE CORP W/I
CAMDEN PROPERTY TRUST SBI
CAMERON INTERNATIONAL CORP
CAMPBELL SOUP CO
CAPITAL ONE FINANCIAL CORP
CARDINAL HEALTH INC
CARE FUSION
CARMAX
CATERPILLAR INC
CBRE GROUP
CBS CORP-B
CELANESE SER A
CELGENE CORP
CENTERPOINT ENERGY INC
CENTURYTEL INC
CERNER CORP
CF INDUSTRIES HOLDINGS INC
C.H. ROBINSON WORLDWIDE
Market Value
Quantity
8,621
332,672
14,263
3,880
32,004
2,013
7,321
8,543
5,920
30,986
30,570
6,754
685,483
67,899
4,491
31,716
9,700
10,031
10,343
11,760
71,331
14,755
14,528
8,600
8,814
44,979
11,238
9,333
99,950
42,214
100,514
31,351
5,696
20,596
21,300
27,540
18,684
7,400
14,278
17,474
37,514
24,182
16,640
17,844
40,886
13,012
31,950
11,246
24,444
21,270
42,965
20,290
3,743
13,336
0.14
0.05
0.06
0.08
1.29
0.03
0.11
0.14
0.05
0.13
0.04
0.06
0.02
0.66
0.04
0.83
0.05
0.05
0.15
0.04
0.09
0.02
0.90
0.06
0.18
0.03
0.34
0.58
0.14
0.04
0.03
0.06
0.05
0.43
0.04
0.09
0.08
0.04
0.16
0.30
0.03
0.13
0.03
0.18
0.15
0.46
0.25
0.06
0.05
0.16
0.02
0.03
0.04
0.11
Index Equity North America
Securities Portfolio as at 31/12/13
FISERV INC
FLEETCOR TECHNOLOGIES INC
FLIR SYSTEMS
FLOWSERVE CORP
FLUOR NEW
FMC CORP
FMC TECHNOLOGIES
FORD MOTOR CO
FOREST LABORATORIES
FOSSIL GROUP
FRANKLIN RESOURCES INC
FREEPORT MCMORAN COPPER&GLD INC-B
FRONTIER COMMUNICATIONS CORP
F5 NETWORKS INC
GAMESTOP A
GAP INC
GEN GROWTH PROP
GENERAL DYNAMICS CORP
GENERAL ELECTRIC CO
GENERAL MILLS INC
GENERAL MOTORS
GENUINE PARTS CO
GILEAD SCIENCES INC
GOLDMAN SACHS GROUP
GOOGLE INC-A
GREEN MOUNTAIN COFFEE ROASTERS
HALLIBURTON CO
HARLEY DAVIDSON
HARRIS CORP
HARTFORD FINANCIAL SERVICES GRP
HASBRO INC
HCA HOLDINGS INC
HCP INC
HEALTH CARE REIT
HELMERICH & PAYNE INC
HENRY SCHEIN INC
HERTZ GLOBAL HOLDINGS
HESS CORP
HEWLETT PACKARD CO
HOLLYFRONTIER
HOLOGIC INC
HOME DEPOT INC
HONEYWELL INTERNATIONAL INC
HORMEL FOODS
HOSPIRA
HOST HOTELS & RESORTS INC
H&R BLOCK INC
HUDSON CITY BANCORP
HUMANA
IHS
ILLINOIS TOOL WORKS INC
ILLUMINA
INTEGRYS ENERGY GROUP INC
INTEL CORP
EUR
606,034
586,722
284,322
447,768
472,843
639,517
589,297
2,553,343
594,092
350,171
1,096,114
1,853,545
130,127
526,453
199,192
670,850
577,463
1,204,681
12,885,339
1,616,701
1,713,162
746,202
5,343,915
3,274,283
13,833,708
405,119
2,093,679
636,900
288,673
566,160
187,232
714,949
737,998
628,440
516,275
653,743
401,276
1,083,497
2,233,060
381,379
430,975
5,288,057
2,953,255
179,998
220,667
796,279
329,083
118,420
649,830
176,342
1,690,448
722,508
116,326
5,788,310
% of NaV
14,142
6,900
13,016
7,827
8,115
11,678
15,553
228,022
13,637
4,023
26,163
67,676
38,561
7,984
5,572
23,654
39,647
17,373
633,441
44,635
57,760
12,360
97,986
25,453
17,009
7,386
56,847
12,675
5,698
21,533
4,690
20,649
27,999
16,165
8,461
7,884
19,320
17,988
109,973
10,576
26,571
88,495
44,538
5,491
7,366
56,442
15,615
17,304
8,675
2,030
27,704
9,000
2,946
307,242
Market Value
0.03
0.04
0.02
0.21
0.12
0.05
0.05
0.09
0.10
0.05
0.22
0.07
0.28
0.02
0.05
0.08
0.24
0.03
0.01
0.07
0.02
0.33
0.13
0.09
0.04
0.34
0.05
0.30
0.29
0.25
0.03
0.03
0.08
0.24
0.07
0.03
0.03
0.08
0.11
0.12
0.03
0.04
0.30
2.36
0.49
0.03
0.08
0.02
0.24
0.04
0.10
0.10
0.05
0.07
Quantity
EUR
254,538
303,581
189,251
1,813,252
1,060,490
401,119
429,675
751,222
866,748
453,260
1,882,228
617,864
2,381,898
190,926
409,185
656,601
2,065,968
218,295
126,229
633,090
139,927
2,775,710
1,123,100
765,624
365,940
2,856,615
444,300
2,535,066
2,435,769
2,127,988
282,394
232,669
649,207
2,036,687
589,520
236,760
296,190
667,785
943,010
1,012,195
233,354
311,527
2,520,168
20,155,689
4,196,834
230,138
653,441
196,793
2,071,073
298,843
859,496
861,529
383,711
587,941
% of NaV
DIAMOND OFFSHORE DRILLING INC
DICK’S SPORTING GOODS
DIGITAL REALTY TRUST
DIRECTV
DISCOVER FINANCIAL SERVICES
DISCOVERY COMMUNICATION SERIES C
DISCOVERY COMMUNICATIONS INC - SERIES A
DISH NETWORK CORP
DOLLAR GENERAL
DOLLAR TREE INC
DOMINION RESOURCES
DOVER CORP
DOW CHEMICAL CO
DR HORTON INC
DR PEPPER SNAPPLE GROUP INC
DTE ENERGY CO
DUKE ENERGY
DUKE REALTY
DUN AND BRADSTREET
EASTMAN CHEMICAL CO
EATON VANCE NON VTG
EBAY INC
ECOLAB INC
EDISON INTERNATIONAL
EDWARDS LIFESCIENCES
E.I. DUPONT DE NEMOURS & CO
ELECTRONIC ARTS INC
ELI LILLY & CO
EMC CORP
EMERSON ELECTRIC CO
ENERGEN CORP
ENERGIZER HOLDINGS
ENTERGY CORP
EOG RESOURCES
EQT CORP
EQUIFAX INC
EQUINIX
EQUITY RESIDENTIAL
ESTEE LAUDER COMPANIES INC-A
EXELON CORP
EXPEDIA
EXPEDIT INTL WASH
EXPRESS SCRIPTS HLD
EXXON MOBIL CORP
FACEBOOK A
FAMILY DOLLAR STORE
FASTENAL CO
FEDERAL REALTY INVESTMT TR SBI
FEDEX CORP
FIDELITY NATIONAL FINANCIAL INC
FIDELITY NATIONAL INFORM SVCES
FIFTH THIRD BANCORP
FIRST REPUBLIC BANK
FIRSTENERGY CORP
Market Value
Quantity
6,162
7,200
5,309
36,164
26,118
6,591
6,548
17,872
19,800
11,070
40,093
8,819
73,922
11,787
11,573
13,628
41,252
20,000
1,417
10,810
4,506
69,681
14,842
22,786
7,668
60,586
26,688
68,494
133,454
41,782
5,500
2,962
14,139
16,721
9,048
4,722
2,300
17,740
17,252
50,922
4,616
9,701
49,440
274,442
105,800
4,881
18,952
2,674
19,850
12,690
22,063
56,450
10,100
24,565
0.07
0.07
0.03
0.05
0.06
0.08
0.07
0.30
0.07
0.04
0.13
0.22
0.02
0.06
0.02
0.08
0.07
0.14
1.50
0.19
0.20
0.09
0.63
0.38
1.61
0.05
0.25
0.07
0.03
0.07
0.02
0.08
0.09
0.07
0.06
0.08
0.05
0.13
0.26
0.04
0.05
0.62
0.35
0.02
0.03
0.09
0.04
0.01
0.08
0.02
0.20
0.08
0.01
0.68
The accompanying notes form an integral part of these financial statements
127
Index Equity North America
Securities Portfolio as at 31/12/13
L3 COMMUNICATION
MACERICH CO
MACY S STORE
MANPOWER INC
MARATHON OIL CORP
MARATHON PETROLEUM
MARRIOTT INTERNATIONAL-A
MARSH & MCLENNAN COMPANIES
MARTIN MARIETTA
MASCO CORP
MASTERCARD
MATTEL
MAXIM INTEGRATED PRODUCTS INC
MC DONALD’S CORP
MC GRAW HILL FIN SHS
MCCORMICK NON VTG
MCKESSON CORP
MDU RES GROUP
MEAD JOHNSON NUTRITION
MEADWESTVACO
MEDTRONIC INC
MERCK AND CO INC
METLIFE INC
METTLER TOLEDO INTERNATIONAL INC
MGM MIRAGE
MICROCHIP TECHNOLOGY INC
MICRON TECHNOLOGY INC
MICROSOFT CORP
MOHAWK INDUSTRIES
MOLSON COORS BREWING CO-B
MONDELEZ INTERNATIONAL
MONSANTO
MONSTER BEVERAGE CORP
MOODY’S CORP
MORGAN STANLEY
MOSAIC CO THE -WI
MOTOROLA SOLUTIONS INC
M&T BANK CORPORATION
MURPHY OIL
MYLAN
NABORS INDUSTRIES
NASDAQ OMX GRP INC
NATIONAL OILWELL VARCO
NETAPP INC
NETFLIX
NEW YORK COMMUNITY BANCORP
NEWELL RUBBERMAID INC
NEWMONT MINING CORP
NEXTERA ENERGY INC
NIKE INC -BNISOURCE
NOBLE ENERGY
NORDSTROM INC
NORFOLK SOUTHERN CORP
EUR
407,913
568,365
898,687
395,170
1,056,656
1,189,870
494,442
1,123,726
391,651
525,200
4,035,576
683,582
248,586
4,303,063
1,058,008
444,345
1,817,046
410,799
757,150
404,556
2,698,261
6,571,535
2,352,883
246,472
626,580
438,585
1,073,353
13,382,065
412,678
462,582
2,732,493
2,596,842
347,715
849,876
2,148,443
493,814
882,039
650,979
671,801
591,433
227,462
293,745
1,590,427
549,290
707,243
494,170
249,999
626,512
1,542,645
2,568,049
612,215
1,196,170
457,597
1,279,996
% of NaV
5,260
13,299
23,190
6,342
41,247
17,874
13,803
32,019
5,400
31,783
6,656
19,797
12,273
61,109
18,643
8,884
15,513
18,529
12,456
15,095
64,786
180,924
60,129
1,400
36,709
13,505
67,970
492,648
3,819
11,352
106,664
30,702
7,070
14,924
94,402
14,395
18,006
7,705
14,268
18,778
18,448
10,170
27,556
18,398
2,647
40,412
10,629
37,486
24,827
44,998
25,657
24,200
10,203
19,000
Market Value
128
0.15
0.05
0.12
0.03
1.06
0.02
0.09
0.10
0.02
0.07
0.03
0.05
1.36
0.18
0.02
1.18
0.05
0.06
0.02
0.11
0.07
0.23
0.03
0.14
0.05
0.00
0.04
0.06
0.17
0.10
0.03
0.05
0.18
0.01
0.02
0.02
0.03
0.04
0.03
0.06
0.07
0.05
0.09
0.06
0.06
0.08
0.10
0.08
0.24
0.08
0.09
0.28
0.03
0.04
Quantity
The accompanying notes form an integral part of these financial statements
EUR
1,285,420
396,284
1,059,627
274,270
9,084,952
161,930
786,102
810,555
169,398
573,925
262,033
393,515
11,651,428
1,527,254
172,463
10,149,152
432,646
527,240
204,423
902,034
631,006
1,971,167
242,068
1,206,357
444,752
49
357,537
506,609
1,473,462
893,359
296,002
394,718
1,574,252
103,056
132,611
157,964
269,868
299,843
291,945
521,521
624,402
415,648
733,493
530,053
507,378
650,549
881,199
697,181
2,028,128
639,466
764,089
2,369,461
248,583
301,929
% of NaV
INTERCONTINENTALEXCHANGE GROUP
INTERNATIONAL FLAVORS & FRAGRANCES
INTERNATIONAL PAPER
INTERPUBLIC GROUP OF COS INC
INTL BUSINESS MACHINES CORP
INTL GAME TECHNOLOG
INTUIT
INTUITIVE SURGICAL
IRON MOUNTAIN INC
JACOBS ENGINEERING GROUP INC.
J.B HUNT TRANSPORT SERVICES
JM SMUCKER
JOHNSON & JOHNSON
JOHNSON CONTROLS INC
JOY GLOBAL
J.P.MORGAN CHASE & CO
JUNIPER NETWORKS
KANSAS CITY SOUTHERN
KBR INC
KELLOGG CO
KEYCORP
KIMBERLY-CLARK CORP
KIMCO REALTY CORP
KINDER MORGAN
KINDER MORGAN MANAGEMENT LLC
KINDER MORGAN MANAGEMENT LLC ROMPUS
KLA-TENCOR
KOHL S CORP
KRAFT FOODS
KROGER CO
LABORATORY CORP
LAM RESEARCH CORP
LAS VEGAS SANDS
LEGG MASON INC
LEGGETT & PLATT INC
LEIDOS HOLDINGS
LENNAR A
LEUCADIA NATIONAL
LEVEL 3 COMM
LIBERTY MEDIA
LIBERTY MEDIA HLDG INTER SR A
LIBERTY PROPERTY TRUST
LIFE TECH
LIMITED BRANDS INC
LINCOLN NATIONAL CORP
LINEAR TECHNOLOGY CORP
LINKEDIN CORP CLASS A
LKQ CORPORATION
LOCKHEED MARTIN CORP
LOEWS CORP
LORILLARD INC
LOWE’S COMPANIES INC
LSI CORP
LULULEMON ATHLETICA
Market Value
Quantity
7,875
6,351
29,780
21,352
66,741
12,287
14,193
2,908
7,691
12,555
4,671
5,233
175,293
41,023
4,063
239,142
26,414
5,867
8,833
20,353
64,791
26,002
16,889
46,175
8,100
89,640
7,643
12,301
37,655
31,141
4,464
9,989
27,504
3,266
5,906
4,682
9,400
14,579
12,128
4,907
29,315
16,910
13,334
11,809
13,544
19,680
5,600
29,200
18,799
18,266
20,775
65,893
31,083
7,048
0.05
0.07
0.11
0.05
0.12
0.14
0.06
0.13
0.05
0.06
0.47
0.08
0.03
0.50
0.12
0.05
0.21
0.05
0.09
0.05
0.32
0.77
0.28
0.03
0.07
0.05
0.13
1.56
0.05
0.05
0.32
0.30
0.04
0.10
0.25
0.06
0.10
0.08
0.08
0.07
0.03
0.03
0.19
0.06
0.08
0.06
0.03
0.07
0.18
0.30
0.07
0.14
0.05
0.15
Index Equity North America
Securities Portfolio as at 31/12/13
QUANTA SERVICES
QUEST DIAGNOSTICS INC
RACKSPACE HOSTING
RANGE RESOURCES CORPORATION
RAYMOND J FINANCIAL
RAYONIER REIT
RAYTHEON CO
REALOGY HOLDINGS
REALTY INCOME CORP
RED HAT
REGENCY CENTERS CORP
REGENERON PHARMA
REGIONS FINANCIAL CORP
REPUBLIC SERVICES INC
REYNOLDS AMERICAN INC
ROBERT HALF INTL
ROCK-TENN COMPANY-A
ROCKWELL AUTOMATION INC
ROCKWELL COLLINS INC.
ROPER INDUSTRIES
ROSS STORES INC
ROWAN COMPANIES
SAFEWAY INC
SALESFORCE.COM
SANDISK
SBA COMMUNICATIONS CORP
SCANA CORP
SCRIPPS NETWORKS INTER
SEALED AIR
SEARS HOLDINGS
SEI INVESTMENTS
SEMPRA ENERGY
SERVICENOW INC
SHERWIN WILLIAMS CO
SIGMA-ALDRICH CORP
SIMON PROPERTY GROUP INC
SIRIUS XM HOLDINGS
SL GREEN REALTY CORPOR
SLM
SOUTHERN CO
SOUTHWEST AIRLINES
SOUTHWESTERN ENERGY
SPECTRA ENERGY
SPRINT CORP W/I
SPX CORP
ST JUDE MEDICAL INC
STANLEY BLACK AND DECKER INC.
STAPLES INC
STARBUCKS
STARWOOD HTLS & RESORTS WORLD
STATE STREET CORP
STERICYCLE
STRYKER CORP
SUNTRUST BANKS INC
EUR
240,121
296,773
230,018
852,370
356,026
147,416
1,267,740
305,160
360,310
655,423
235,204
1,038,679
670,463
466,768
575,196
166,321
354,212
560,037
368,541
753,408
865,913
136,518
418,934
1,487,701
630,122
316,864
176,351
209,198
368,633
86,731
241,455
783,702
536,545
847,353
378,578
2,198,229
371,825
281,575
623,210
1,771,673
244,040
599,248
1,190,470
359,834
135,613
753,318
761,957
457,944
2,805,815
554,037
1,388,815
598,913
1,027,187
801,007
% of NaV
10,484
7,638
8,100
13,931
9,400
4,825
19,260
8,500
13,300
16,116
7,000
5,200
93,414
19,373
15,855
5,458
4,648
6,531
6,870
7,486
15,924
5,320
17,724
37,144
12,309
4,860
5,178
3,336
14,918
2,437
9,580
12,031
13,200
6,363
5,549
19,907
146,807
4,200
32,677
59,384
17,849
20,995
46,053
46,124
1,876
16,756
13,012
39,712
49,321
9,609
26,076
7,104
18,837
29,985
Market Value
0.09
0.05
0.14
0.06
0.01
0.10
0.03
0.40
0.04
0.05
0.04
0.02
0.09
0.09
0.70
0.06
0.04
0.12
0.04
0.09
0.01
0.07
0.02
0.08
0.02
0.02
0.67
0.05
1.06
0.11
0.06
0.74
0.06
0.25
0.02
0.13
0.03
0.24
0.06
0.04
0.16
0.12
0.22
0.22
0.33
1.16
0.10
0.11
0.25
0.07
0.13
0.04
0.02
0.69
Quantity
EUR
732,500
428,125
1,175,419
493,698
105,731
894,399
271,106
3,400,259
309,120
430,578
324,743
191,512
751,553
735,628
5,947,758
529,804
378,923
1,052,216
366,374
737,326
66,287
593,894
171,581
691,897
159,852
131,111
5,731,856
457,053
9,134,495
904,754
483,627
6,325,627
493,559
2,113,539
172,668
1,104,460
246,161
2,017,547
539,036
342,517
1,394,286
1,009,012
1,834,169
1,875,006
2,849,586
9,932,971
827,134
942,930
2,152,994
593,692
1,082,407
310,439
176,789
5,921,841
% of NaV
NORTHEAST UTILITIES
NORTHERN TRUST CORP
NORTHROP GRUMMAN CORP
NRG ENERGY INC
NUANCE COMMUNICATIONS
NUCOR CORP
NVIDIA CORP
OCCIDENTAL PETROLEUM CORP
OCEANEERING INTL
OCWEN FINANCIAL
OGE ENERGY CORP
OMNICARE INC
OMNICOM GROUP INC
ONEOK INC
ORACLE CORP
OREILLY AUTOMOTIVE INC
OWENS ILLINOIS INC
PACCAR INC
PALL CORP
PARKER-HANNIFIN CORP
PATTERSON COMPANIES
PAYCHEX INC
PEABODY ENERGY CORP
PENTAIR
PEOPLES UNITED FINANCIAL INC
PEPCO HOLDINGS
PEPSICO INC
PETSMART INC
PFIZER INC
PG&E CORP
PHARMACYCLICS
PHILIP MORRIS INTERNATIONAL INC
PHILLIPS VAN HEUSEN CORP
PHILLIPS 66
PINNACLE WEST CAPITAL CORP
PIONEER NATURAL RES
PLUM CREEK TIMBER
PNC FINANCIAL SERVICES GROUP
POLARIS INDUSTRIES INC.
POLO RALPH LAUREN A
PPG INDUSTRIES INC
PPL CORP
PRAXAIR INC
PRECISION CASTPARTS CORP
PRICELINE.COM INC
PROCTER AND GAMBLE CO
PROGRESSIVE CORP
PROLOGIS
PRUDENTIAL FINANCIAL
PUBLIC SERVICE ENTERPRISE GROU
PUBLIC STORAGE
PULTE HOMES
QEP RESOURCES INC
QUALCOMM INC
Market Value
Quantity
23,811
9,532
14,132
23,687
9,585
23,088
23,319
49,268
5,400
10,700
13,200
4,372
13,925
16,302
214,211
5,672
14,593
24,504
5,915
7,898
2,217
17,974
12,106
12,275
14,568
9,444
95,228
8,657
410,933
30,951
6,300
100,039
5,000
37,759
4,496
8,268
7,293
35,835
5,100
2,673
10,130
46,207
19,437
9,594
3,378
168,126
41,795
35,164
32,170
25,533
9,909
21,000
7,948
109,899
0.03
0.03
0.03
0.10
0.04
0.02
0.15
0.04
0.04
0.08
0.03
0.12
0.08
0.05
0.07
0.02
0.04
0.07
0.04
0.09
0.10
0.02
0.05
0.17
0.07
0.04
0.02
0.02
0.04
0.01
0.03
0.09
0.06
0.10
0.04
0.26
0.04
0.03
0.07
0.21
0.03
0.07
0.14
0.04
0.02
0.09
0.09
0.05
0.33
0.07
0.16
0.07
0.12
0.09
The accompanying notes form an integral part of these financial statements
129
Index Equity North America
Securities Portfolio as at 31/12/13
EUR
% of NaV
9,253 VORNADO REALTY TRUST
0.03
5,621 VULCAN MATERIALS CO
0.07
0.04
56,323 WALGREEN CO
0.11
105,161 WAL-MART STORES INC
0.13
104,651 WALT DISNEY COMPANY
0.19
27,918 WASTE MANAGEMENT INC
4,060 WATERS CORP
0.03
20,253 WELLPOINT INC
0.03
0.08
317,873 WELLS FARGO & CO
0.05
16,361 WESTERN DIGITAL CORP
0.26
31,785 WESTERN UNION CO
0.04
37,002 WEYERHAEUSER CO
0.08
6,446 WHIRLPOOL CORP
0.20
7,215 WHITING PETROLEUM HOLDINGS
0.06
19,932 WHOLE FOODS MARKET
0.35
38,613 WILLIAMS COMPANIES INC
22,271 WINDSTREAM HOLDINGS INC
0.22
11,905 WISCONSIN ENERGY
0.23
0.03
8,200 WORKDAY INC
0.02
5,246 W.R.BERKLEY CORP.
0.03
4,453 WW GRAINGER INC
0.05
7,100 WYNDHAM WORLWIDE
0.06
3,340 WYNN RESORTS
0.08
24,681 XCEL ENERGY INC
0.05
50,519 XEROX CORPORATION
0.17
22,656 XILINX INC
0.05
7,837 XYLEM
0.06
54,694 YAHOO INC
0.06
25,444 YUM BRANDS INC
0.29
8,576 ZIMMER HOLDING INC
0.10
32,600 ZOETIS INC
0.04
40,089 3 M
0.04
Warrants, Rights
0.05
Canada
0.44
1,145 KINROSS GOLD WARRANT 17/09/2014
0.02
0.39
Other transferable securities
0.52
0.43
Shares
0.03
Canada
0.04
15,832 POWER FINANCIAL CORP
0.02
0.38 Total securities portfolio
0.13
0.03
0.09
0.04
0.06
0.74
0.10
0.13
0.21
0.61
0.04
Market Value
130
Quantity
The accompanying notes form an integral part of these financial statements
EUR
274,220
625,081
306,848
924,225
1,149,296
1,621,617
264,741
274,006
676,625
390,580
2,246,693
332,346
708,718
1,698,432
547,880
2,984,357
1,865,208
1,965,295
217,276
150,261
272,571
387,709
527,869
647,462
455,734
1,448,364
448,246
486,899
536,567
2,478,059
825,760
320,091
308,203
456,156
3,709,545
199,956
3,361,538
4,417,962
3,642,237
253,578
323,191
161,679
3,203,267
1,149,257
258,506
755,184
348,541
524,682
6,308,193
867,853
1,115,284
1,779,823
5,189,052
340,233
% of NaV
SUPERIOR ENRGY SERV
SYMANTEC CORP
SYNOPSYS INC
SYSCO CORP
T ROWE PRICE GROUP INC
TARGET CORP
TD AMERITRADE HOLDING
TERADATA CORP COM STK USD0.01
TESLA MOTOR INC
TESORO
TEXAS INSTRUMENTS
TEXTRON INC
THE HERSHEY CO
THERMO FISHER SCIE
TIFFANY & CO
TIME WARNER
TIME WNR CBLE CL A
TJX COMPANIES INC
T-MOBILE US INC
TOLL BROTHERS INC
TORCHMARK CORP
TOTAL SYSTEM SERVICES INC
TOWER WATSON & CO
TRACTOR SUPPLY
TRANSDIGM
TRAVELERS COMPANIES INC
TRIMBLE NAVIGATION
TRIPADVISOR
TRW AUTOMOTIVE HOLDINGS
TWENTY-FIRST CENTURY CL A-WI
TWENTY-FIRST CENTURY FOX INC
TYSON FOODS -AULTA SALON COSMET.
UNDER ARMOUR
UNION PACIFIC CORP
UNITED DOMINION REALTY INC
UNITED PARCEL SERVICE-B
UNITED TECHNOLOGIES CORP
UNITEDHEALTH GROUP
UNIVERSAL HEALTH SERV CL B
UNUM GROUP
URBAN OUTFITTERS
US BANCORP
VALERO ENERGY CORPORATION
VARIAN MEDICAL SYSTEMS INC
VENTAS INC
VERISIGN
VERISK ANALYTICS CLASS.A
VERIZON COMMUNICATIONS INC
VERTEX PHARMACEUTICALS INC
VF CORP
VIACOM INC-B
VISA INC-A
VMWARE CLASS A
Market Value
Quantity
14,200
36,528
10,422
35,278
18,905
35,317
11,906
8,300
6,200
9,200
70,504
12,458
10,044
21,018
8,137
58,983
18,968
42,493
8,900
5,596
4,806
16,053
5,700
11,500
3,900
22,043
17,800
8,100
9,939
97,062
32,886
13,182
4,400
7,200
30,426
11,800
44,081
53,495
66,651
4,300
12,695
6,005
109,256
31,421
4,585
18,167
8,034
11,001
176,890
16,095
24,652
28,080
32,110
5,226
596,229
242,389
2,347,831
6,005,384
5,802,341
909,090
294,641
1,357,941
10,473,119
996,181
397,904
847,747
733,785
323,954
836,509
1,080,811
128,976
357,163
494,874
165,190
825,418
379,694
470,744
500,444
446,182
755,008
196,785
1,605,156
1,396,147
579,990
773,391
4,080,324
0.07
0.03
0.28
0.70
0.68
0.11
0.03
0.16
1.22
0.12
0.05
0.10
0.09
0.04
0.10
0.13
0.02
0.04
0.06
0.02
0.10
0.04
0.06
0.06
0.05
0.09
0.02
0.19
0.16
0.07
0.09
0.48
12
0.00
12
12
389,298
389,298
389,298
389,298
848,532,254
0.00
0.00
0.05
0.05
0.05
0.05
99.57
Index Equity Pacific
Securities Portfolio as at 31/12/13
112,811,328
99.50
25,400,854
22.40
112,811,328
189,910
84,600
69,533
299,353
312,781
2,039,796
133,741
158,455
251,257
138,742
94,443
92,766
2,818,503
63,914
322,166
80,215
100,084
160,212
50,078
2,889,808
105,442
128,197
805,720
136,322
59,743
73,492
78,132
211,308
197,816
147,789
44,274
56,145
122,904
272,650
46,013
112,281
360,422
54,633
151,382
1,888,917
140,655
195,181
363,050
32,538
28,920
332,689
130,853
47,885
99.50
0.17
0.07
0.06
0.26
0.28
1.80
0.12
0.14
0.22
0.12
0.08
0.08
2.49
0.06
0.28
0.07
0.09
0.14
0.04
2.56
0.09
0.11
0.71
0.12
0.05
0.06
0.07
0.19
0.17
0.13
0.04
0.05
0.11
0.24
0.04
0.10
0.32
0.05
0.13
1.67
0.12
0.17
0.32
0.03
0.03
0.29
0.12
0.04
12,002
15,554
34,963
8,196
42,771
15,770
83,575
45,809
28,028
52,802
149,132
24,800
53,679
21,550
35,486
76,992
104,754
111,166
23,293
44,625
8,361
27,000
59,250
21,500
212,000
184,182
70,500
19,000
86,000
35,200
86,400
60,000
435,200
3,800
39,200
134,000
46,000
49,000
63,000
75,000
89,000
27,400
37,299
39,100
191,607
31,000
79,000
17,000
61,500
RECALL HOLDINGS LTD
RIO TINTO LTD
SANTOS
SEEK
SIDNEY AIRPORT
SONIC HEALTHCARE
STOCKLAND
SUNCORP GROUP
TABCORP HOLDINGS LIMITED
TATTS GROUP LTD
TELSTRA CORPORATION LTD
TOLL HOLDINGS
TRANSURBAN GROUP
TREASURY WINE ESTATES LTD
WESFARMERS LTD
WESTFIELD GROUP
WESTFIELD RETAIL TRUST
WESTPAC BANKING CORP
WOODSIDE PETROLEUM
WOOLWORTHS LTD
WORLEY GROUP
Bermuda
CHEUNG KONG INFRASTRUCTURE
FIRST PACIFIC
KERRY PROPERTIES
LI & FUNG
NOBLE GROUP LTD
NWS HOLDINGS LTD
YUE YUEN INDUSTRIAL HOLDINGS
Cayman Islands
HKT LTD
MGM CHINA HLDGS
SANDS CHINA LTD
WYNN MACAU LIMITED
Hong Kong (China)
AIA GROUP
ASM PACIFIC TECH
BANK OF EAST ASIA
BOC HONG KONG HOLDINGS LTD
CATHAY PACIFIC AIRWAYS
CHEUNG KONG HOLDINGS LTD
CLP HOLDINGS LTD
GALAXY ENTERTAINMENT GROUP
HANG LUNG PROP
HANG SENG BANK LTD
HENDERSON LAND DEVELOPMENT CO LTD
HKG EXCHANGES & CLEARING LTD
HONG KONG & CHINA GAS
HOPEWELL HOLDINGS
HUTCHISON WHAMPOA LTD
HYSAN DEVELOPMENT CO
MTR CORP
EUR
31,325
681,608
330,088
70,090
104,190
168,703
196,586
388,204
65,567
105,146
505,522
91,098
235,924
66,661
1,007,365
508,573
201,173
2,315,407
587,980
973,466
90,468
658,204
% of NaV
AGL ENERGY LTD
ALS LTD
ALUMINA LTD
AMCOR LTD
AMP
ANZ BANKING GROUP
ASCIANO GROUP
ASX SHS
AURIZON HOLDINGS
AUSTRALIAN PIPELINE TRUST
BANK OF QUEENSLAND
BENDIGO & ADELAIDE BANK
BHP BILLITON LTD
BORAL
BRAMBLES LIMITED
CALTEX AUSTRALIA
CFS RETAIL PROP TRT STAPLED SECURITY
COCA COLA AMATIL
COCHLEAR LIMITED
COMMONWEALTH BANK OF AUSTRALIA
COMPUTERSHARE
CROWN RESORTS
CSL LTD
DEXUS PROPERTY GROUP
ECHO ENTERTAINMENT GROUP
FEDERATION CENTRO RETAIL
FLIGHT CENTRE
FORTESCUE METAL
GOODMAN GRP
GPT GROUP
HARVEY NORMAN HOLDINGS LTD
ILUKA RESOURCES LIMITED
INCITEC PIVOT
INSURANCE AUSTRALIA GROUP
LEIGHTON HOLDINGS LTD
LEND LEASE CORP
MACQUARIE GROUP I2013
METCASH LIMITED
MIRVAC GROUP
NATIONAL AUSTRALIA BANK
NEWCREST MINING
ORICA
ORIGIN ENERGY
ORORA
QANTAS AIRWAYS LTD
QBE INSURANCE GROUP LTD
RAMSAY HEALTH CARE
REA GROUP
99.50
Market Value
19,659
14,800
98,988
43,905
110,057
98,268
36,218
6,649
79,568
35,644
12,032
12,230
115,033
20,792
54,457
6,296
81,098
20,512
1,308
57,734
14,365
11,750
18,146
208,409
37,381
49,368
2,573
56,050
64,083
66,280
21,604
10,107
71,162
72,694
4,432
15,626
10,165
26,743
138,996
84,130
27,454
12,747
40,068
43,905
40,982
44,389
4,710
1,982
Australia
112,811,328
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.03
0.60
0.29
0.06
0.09
0.15
0.17
0.34
0.06
0.09
0.45
0.08
0.21
0.06
0.89
0.45
0.18
2.04
0.52
0.86
0.08
0.58
123,418
48,500
54,027
198,781
112,383
75,755
45,340
0.11
0.04
0.05
0.17
0.10
0.07
0.04
61,123
107,267
507,139
196,062
0.05
0.09
0.46
0.17
871,591
8,334,949
1,571,044
22,982
120,008
311,599
70,995
562,822
362,700
484,880
201,950
322,429
154,407
476,606
319,435
75,574
777,778
52,602
168,959
0.77
7.35
1.38
0.02
0.11
0.27
0.06
0.49
0.32
0.43
0.18
0.28
0.14
0.42
0.28
0.07
0.68
0.05
0.15
The accompanying notes form an integral part of these financial statements
131
Index Equity Pacific
Securities Portfolio as at 31/12/13
233,000 GENTING INTERNATIONAL
800
15,300
6,000
21,800
3,700
3,410
4,000
7,400
21,000
1,100
46,000
15,000
41,000
36,000
12,400
48,000
6,500
15,500
14,000
44,000
2,600
23,200
9,600
2,400
39,500
8,000
5,300
28,000
6,000
22,500
6,900
2,700
11,300
10,100
Japan
ABC MART
ACOM
ADVANTEST
AEON CO LTD
AEON CREDIT SERVICE
AEON MALL
AIR WATER
AISIN SEIKI LTD
AJINOMOTO CO INC
ALFRESA HOLDINGS CORP
ALL NIPPON AIRWAYS
AMADA CO LTD
AOZORA BANK
ASAHI GLASS CO LTD
ASAHI GROUP HOLDINGS
ASAHI KASEI
ASICS CORPORATION
ASTELLAS PHARMA INC
BANK OF KYOTO
BANK OF YOKOHAMA LTD
BENESSE
BRIDGESTONE CORP
BROTHER INDUSTRIES LTD
CALBEE
CANON INC
CASIO
CENTRAL JAPAN RAILWAY
CHIBA BANK
CHIYODA
CHUBU ELECTRIC POWER CO INC
CHUGAI PHARM
CHUGOKU BANK
CHUGOKU EL POWER
CITIZEN HOLDINGS SHS
The accompanying notes form an integral part of these financial statements
132
105,075
0.09
105,075
196,236
196,236
72,147,902
25,390
37,727
54,165
214,567
72,068
69,505
39,342
218,248
220,763
39,660
66,722
96,042
84,390
162,619
253,858
273,187
80,588
666,977
84,901
178,091
75,874
637,768
95,284
42,354
908,516
71,115
453,198
137,118
63,241
211,200
110,806
24,915
127,689
61,808
0.09
0.17
0.17
63.64
0.02
0.03
0.05
0.19
0.06
0.06
0.03
0.19
0.19
0.03
0.06
0.08
0.07
0.14
0.22
0.24
0.07
0.59
0.07
0.16
0.07
0.56
0.08
0.04
0.81
0.06
0.40
0.12
0.06
0.19
0.10
0.02
0.11
0.05
2,800
5,600
20,000
11,000
10,000
7,000
29,300
24,000
8,600
7,200
2,800
22,000
60,000
2,600
17,400
7,900
2,100
11,600
9,400
4,500
2,100
6,800
1,900
22,000
21,000
15,400
64,000
30,000
4,100
13,000
14,000
19,000
7,200
2,800
42,000
11,000
900
19,000
2,600
3,700
2,800
1,000
175,000
7,000
7,600
40,000
7,400
58,400
16,500
11,600
4,100
1,600
52,000
4,684
COCA-COLA WEST HOLDINGS CO LTD
CREDIT SAISON CO LTD
DAI NIPPON PRINTING CO LTD
DAICEL CHEMICAL INDUSTRIES
DAIDO STEEL
DAIHATSU MOTOR CO LTD
DAI-ICHI MUTUAL LIFE INSURANCE COMPANY
DAIICHI SANKYO CO LTD
DAIKIN INDUSTRIES LTD
DAINIPPON SUMITOMO PHARMA
DAITO TRUST CONSTRUCTION CO LTD
DAIWA HOUSE INDUSTRY
DAIWA SECURITIES GROUP INC
DENA CO LTD
DENSO CORP
DENTSU INC
DON QUIJOTE HOLDINGS CO LTD
EAST JAPAN RAILWAY CO
EISAI
ELECTRIC POWER DEVELOPMENT
FAMILYMART
FANUC LTD
FAST RETAILING
FUJI ELECTRIC HOLDINGS
FUJI HEAVY INDUSTRIES LTD
FUJIFILM HOLDINGS CORP
FUJITSU LTD
FUKUOKA FINANCIAL GROUP
GREE
GUNGHO ONLINE ENTERTAINMENT
GUNMA BANK LTD
HACHIJUNI BANK
HAKUHODO DY HOLDINGS
HAMAMATSU PHOTONICS KK
HANKYU HANSHIN HOLDINGS INC.
HINO MOTORS LTD
HIROSE ELECTRIC
HIROSHIMA BANK
HISAMITSU PHARMACEUTICAL CO
HITACHI CHEMICAL CO LTD
HITACHI CONSTRUCTION MACHINERY
HITACHI HIGH-TECH
HITACHI LTD
HITACHI METALS LTD
HOKKAIDO ELECTRIC POWER CO INC
HOKUHOKU FINANCIAL
HOKURIKU ELECTRIC POWER CO INC
HONDA MOTOR CO LTD
HOYA CORP
HULIC CO LTD
IBIDEN CO LTD
IDEMITSU KOSAN
IHI CORP
IIDA GROUP HLDGS
EUR
43,069
106,987
154,165
65,037
36,055
86,158
355,575
318,773
389,073
81,807
190,109
309,228
435,143
39,724
667,012
234,632
92,395
671,419
264,574
95,265
69,695
904,130
569,554
74,762
437,319
317,084
240,475
95,524
29,423
67,972
56,762
80,446
40,530
81,323
164,774
125,515
93,121
57,087
95,179
42,857
43,418
18,241
962,149
71,847
63,465
58,019
72,937
1,746,594
333,009
124,589
55,675
26,446
163,061
68,005
% of NaV
Isle of Man
0.11
0.00
0.03
0.25
0.08
0.07
0.15
0.49
0.18
0.07
0.26
0.26
0.07
Market Value
12,768 JAMES HARDIE INDUSTRIES PLC
119,279
29,330
286,139
90,020
77,858
167,370
551,336
207,555
82,136
291,545
292,981
82,630
Quantity
Ireland
EUR
% of NaV
NEW WORLD DEVELOPMENT
NWHI & NWHICL
PCCW
POWER ASSETS HOLDINGS LTD
SHANGRI-LA ASIA
SINO LAND
SJM HOLDINGS
SUN HUNG KAI PROPERTIES
SWIRE PACIFIC A
SWIRE PROPERTIES LTD
THE LINK REAL ESTATE INV TRUST
WHARF HOLDINGS
WHEELOCK AND COMPANY LTD
Market Value
Quantity
130,073
2,013
92,000
49,500
63,834
78,335
70,000
60,000
24,500
45,200
83,137
53,005
25,000
0.04
0.09
0.14
0.06
0.03
0.08
0.31
0.28
0.34
0.07
0.17
0.27
0.38
0.04
0.59
0.21
0.08
0.59
0.23
0.08
0.06
0.80
0.50
0.07
0.39
0.28
0.21
0.08
0.03
0.06
0.05
0.07
0.04
0.07
0.15
0.11
0.08
0.05
0.08
0.04
0.04
0.02
0.86
0.06
0.06
0.05
0.06
1.55
0.29
0.11
0.05
0.02
0.14
0.06
Index Equity Pacific
Securities Portfolio as at 31/12/13
MARUI GROUP CO LTD
MARUICHI STEEL TUBE
MAZDA MOTOR CORP
MEDICEO PALTAC HOLDINGS
MEIJI HOLDINGS CO NPV
MIRACA HOLDINGS INC
MITSUBISHI CHEMICAL HOLDINGS
MITSUBISHI CORPORATION
MITSUBISHI ELECTRIC CORP
MITSUBISHI ESTATE CO LTD
MITSUBISHI GAS CHEMICAL CO INC
MITSUBISHI HEAVY INDUSTRIES
MITSUBISHI LOGISTICS CORP
MITSUBISHI MATERIALS CORP
MITSUBISHI MOTORS
MITSUBISHI TANABE PHARMA CORP
MITSUBISHI UFJ FINANCIAL GROUP
MITSUBISHI UFJ LEASE & FINANCE CO LTD
MITSUI & CO LTD
MITSUI CHEMICALS INC
MITSUI FUDOSAN CO LTD
MITSUI O.S.K.LINES LTD
MIZUHO FINANCIAL GROUP INC
MS AD ASSURANCE
MURATA MANUFACTURING CO LTD
M3 INC
NABTESCO CORP
NAMCO BANDAI HOLDINGS INC
NEC CORP
NEXON
NGK INSULATORS LTD
NGK SPARK PLUG
NHK SPRING
NIDEC CORP
NIKON CORP
NINTENDO CO LTD
NIPPON BUILDING FUND
NIPPON ELECTRIC GLASS
NIPPON EXPRESS
NIPPON MEAT PACKERS
NIPPON PAINT CO LTD
NIPPON PROLOGIS REIT INC
NIPPON TELEGRAPH & TELEPHONE
NIPPON YUSEN
NISHI-NIP CITY BK
NISSAN MOTOR CO LTD
NISSHIN SEIFUN GROUP INC
NISSIN FOOD PRODUCTS CO LTD
NITORI
NITTO DENKO
NKSJ HOLDINGS
NOK CORP
NOMURA HLDGS INC
NOMURA REAL ESTATE HOLDINGS
EUR
62,702
44,028
371,985
33,554
100,527
71,944
140,986
677,070
647,327
955,795
85,537
463,137
68,835
123,277
136,466
58,729
2,188,702
110,485
644,568
71,930
810,437
104,766
1,296,503
368,470
445,131
43,680
53,599
103,174
137,505
36,254
110,402
85,993
49,150
270,341
183,166
377,393
211,355
61,003
84,376
87,319
72,482
76,433
547,313
155,491
60,595
541,586
49,552
79,735
96,408
156,227
240,839
17,820
726,971
85,050
% of NaV
8,500
2,400
99,000
3,500
2,153
2,100
42,000
48,600
71,000
44,000
16,000
103,000
6,000
46,000
17,500
5,800
456,600
24,800
63,700
41,000
31,000
32,000
823,280
18,904
6,900
24
3,200
6,400
84,000
5,400
8,000
5,000
6,000
3,800
13,200
3,900
50
16,000
24,000
7,000
6,000
11
14,000
67,000
31,000
88,700
6,600
2,600
1,400
5,100
11,925
1,500
130,100
5,200
Market Value
0.26
0.12
0.17
0.41
0.03
0.07
0.07
0.07
0.16
0.01
0.06
0.13
0.08
0.83
0.27
0.20
0.07
0.09
0.08
0.27
0.08
0.06
0.05
0.05
0.19
0.07
0.37
0.15
0.74
0.07
0.07
0.04
0.44
0.05
0.03
0.16
0.29
0.10
0.05
0.45
0.06
0.12
0.38
0.09
0.07
0.38
0.04
0.13
0.11
0.15
0.03
0.02
0.14
0.29
Quantity
EUR
292,355
141,466
194,240
460,276
35,350
78,333
76,972
82,449
185,806
11,010
62,847
148,032
93,208
930,709
304,153
227,932
77,891
99,845
91,491
300,580
87,305
70,165
59,925
57,190
212,940
75,183
418,380
164,484
835,675
83,838
82,311
46,754
493,266
54,869
37,989
175,860
334,411
118,110
55,450
507,755
67,109
141,287
432,408
104,720
78,370
435,143
40,026
152,942
119,588
169,260
34,535
24,127
156,320
328,968
% of NaV
INPEX HOLDINGS INC
ISETAN MITSUKHOSHI HOLDINGS LTD
ISUZU MOTORS LTD
ITOCHU CORP
ITOCHU TECHNO-SOLUTIONS
IYO BANK
J FRONT RETAILING
JAPAN AIRLINES
JAPAN EXCHANGE
JAPAN PETROLEUM EXPLORATION
JAPAN PRIME REALTY INVESTMENT
JAPAN REAL ESTATE INVESTMENT
JAPAN RETAIL FUND INVESTMENT
JAPAN TOBACCO INC
JFE HOLDINGS
JGC
JOYO BANK
JSR CORP
JTEKT CORPORATION
JX HOLDINGS
KAJIMA CORP
KAKAKU.COM
KAMIGUMI CO LTD
KANEKA CORP
KANSAI ELECTRIC POWER CO INC
KANSAI PAINT
KAO CORP
KAWASAKI HEAVY INDUSTRIES
KDDI CORP
KEIHIN ELEC EXP RAILWAY
KEIO CORP
KEISEI EL RAILWAY
KEYENCE CORP
KIKKOMAN CORP
KINDEN
KINTETSU
KIRIN HOLDINGS CO LTD
KOBE STEEL LTD
KOITO MFG
KOMATSU LTD
KONAMI CORP
KONICA MINOLTA HOLDINGS
KUBOTA CORPORATION
KURARAY
KURITA WATER INDUSTRIES LTD
KYOCERA CORP
KYOWA HAKKO KIRIN
KYUSHU ELECTRIC POWER CO INC
LAWSON INC
LIXIL GROUP CORPORATION
MABUCHI MOTOR
MAC DONALD’S HOLDINGS JPN
MAKITA
MARUBENI CORP
Market Value
Quantity
31,400
13,700
43,000
51,300
1,200
11,000
14,000
2,300
9,000
400
27
38
63
39,400
17,600
8,000
21,000
7,100
7,400
80,440
32,000
5,500
9,000
12,000
25,500
7,000
18,300
54,000
18,700
14,000
17,000
7,000
1,587
4,000
5,000
69,000
32,000
95,000
4,000
34,400
4,000
19,500
36,000
12,100
5,200
12,000
5,000
16,500
2,200
8,500
800
1,300
4,100
63,000
0.06
0.04
0.33
0.03
0.09
0.06
0.12
0.60
0.57
0.85
0.08
0.41
0.06
0.11
0.12
0.05
1.94
0.10
0.57
0.06
0.71
0.09
1.15
0.32
0.39
0.04
0.05
0.09
0.12
0.03
0.10
0.08
0.04
0.24
0.16
0.33
0.19
0.05
0.07
0.08
0.06
0.07
0.48
0.14
0.05
0.48
0.04
0.07
0.09
0.14
0.21
0.02
0.64
0.08
The accompanying notes form an integral part of these financial statements
133
Index Equity Pacific
Securities Portfolio as at 31/12/13
STANLEY ELECTRIC CO LTD
SUMCO CORP
SUMITOMO CHEMICAL
SUMITOMO CORP
SUMITOMO ELECTRIC INDUSTRIES
SUMITOMO HEAVY INDUSTRIES LTD
SUMITOMO METAL MINING CO LTD
SUMITOMO MITSUI FINANCIAL GRP
SUMITOMO MITSUI TRUST HLD
SUMITOMO REALTY & DEVELOPMENT
SUMITOMO RUBBER INDUSTRIES
SUNTORY BEVERAGE AND FOOD LIMITED
SURUGA BANK LTD
SUZUKEN CO LTD
SUZUKI MOTOR CORP
SYSMEX
TAIHEIYO CEMENT CORP
TAISEI CORP
TAISHO PHARM
TAIYO NIPPON SANSO CORP
TAKASHIMAYA CO LTD
TAKEDA PHARMACEUTICAL CO LTD
T&D HOLDINGS INC
TDK CORPORATION
TEIJIN LTD
TERUMO CORP
THE JAPAN STEEL WORKS
THK CO LTD
TOBU RAILWAY
TOHO CO LTD
TOHO GAS
TOHOKU ELECTRIC POWER CO INC
TOKIO MARINE HLDGS INC
TOKYO ELECTRIC POWER
TOKYO ELECTRON LTD
TOKYO GAS CO LTD
TOKYO TATEMONO
TOKYU CORP
TOKYU FUDOSAN
TONENGENERAL SEKIYU KK
TOPPAN PRINTING
TORAY INDUSTRIES INC
TOSHIBA
TOTO LTD
TOYO SEIKAN KAISHA
TOYO SUISAN KAISHA LTD
TOYODA GOSEI CO LTD
TOYOTA BOSHOKU CP
TOYOTA INDUSTRIES CORP
TOYOTA MOTOR CORP
TOYOTA TSUSHO CORP
TREND MICRO INC
TSUMURA & CO
UBE INDUSTRIES LTD
EUR
81,497
34,613
147,976
384,128
352,545
66,860
171,198
1,707,086
455,085
469,609
62,947
104,279
91,187
72,907
255,883
107,232
100,456
122,158
69,913
56,831
50,622
939,805
221,192
160,133
63,034
178,595
56,859
77,933
102,155
75,087
28,291
147,078
582,677
199,972
242,685
279,072
96,809
188,148
129,921
86,649
98,750
261,473
418,248
92,112
106,100
65,479
49,014
19,952
176,979
4,381,101
138,438
96,588
40,439
71,488
% of NaV
4,900
5,400
52,000
42,100
29,100
20,000
18,000
45,600
118,930
13,000
6,100
4,500
7,000
3,100
13,100
2,500
36,000
37,000
1,400
11,000
7,000
28,200
21,800
4,600
39,000
5,100
14,000
4,300
29,000
4,700
8,000
18,000
24,000
56,000
6,100
78,000
12,000
40,000
19,000
13,000
17,000
52,000
137,000
8,000
6,800
3,000
2,900
2,200
5,400
98,800
7,700
3,800
2,100
46,000
Market Value
134
0.01
0.07
0.58
0.11
0.11
0.59
0.04
0.07
0.13
0.07
0.18
0.22
0.16
0.03
0.14
0.51
0.17
0.06
0.24
0.59
0.04
0.25
0.23
0.16
0.06
0.12
0.04
0.05
0.07
0.07
0.31
0.11
0.12
0.17
0.70
0.05
0.10
0.07
0.05
0.04
0.15
0.08
0.55
0.10
0.14
0.13
0.13
0.06
0.05
0.27
1.94
0.05
0.40
0.05
Quantity
The accompanying notes form an integral part of these financial statements
EUR
16,888
82,429
661,307
126,482
120,597
674,368
45,928
74,472
144,509
81,904
202,404
250,249
184,480
37,181
157,170
575,354
188,272
64,836
270,866
666,191
50,678
280,868
266,186
185,329
73,539
141,456
50,249
61,127
81,310
83,355
345,946
129,431
133,651
192,913
788,189
59,615
108,427
75,062
56,879
40,862
168,400
91,691
623,415
110,057
160,630
150,669
147,244
73,069
61,227
311,162
2,185,936
61,610
455,302
60,812
% of NaV
NOMURA REAL ESTATE OFFICE FD
NOMURA RESEARCH
NP STI & S’TOMO
NSK LTD
NTT DATA
NTT DOCOMO INC
NTT URBAN DEVELOPMENT
OBAYASHI
ODAKYU ELECTRIC RAILWAY
OJI HOLDINGS
OLYMPUS CORP
OMRON CORP
ONO PHARMACEUTICAL
ORACLE CORP JAPAN
ORIENTAL LAND
ORIX CORP
OSAKA GAS CO LTD
OTSUKA
OTSUKA HOLDINGS CO LTD
PANASONIC CORP
PARK24
RAKUTEN
RESONA HOLDINGS
RICOH COMPANY LTD
RINNAI
ROHM
SANKYO CO LTD
SANRIO
SANTEN PHARMACEUTICAL
SBI HOLDINGS
SECOM CO LTD
SEGA SAMMY HOLDINGS
SEKISUI CHEMICAL CO LTD
SEKISUI HOUSE LTD
SEVEN & I HOLDINGS CO LTD
SEVEN BANK LTD
SHARP CORPORATION
SHIKOKU ELECTRIC POWER CO INC
SHIMADZU CORP
SHIMAMURA
SHIMANO
SHIMIZU CORP
SHIN-ETSU CHEMICAL CO LTD
SHINSEI BANK
SHIONOGI & CO LTD
SHISEIDO CO LTD
SHIZUOKA BANK
SHOWA DENKO KK
SHOWA SHELL SEKIYU KK
SMC CORP
SOFTBANK CORP
SOJITZ CORP
SONY CORP
SONY FINANCIAL HOLDINGS INC
Market Value
Quantity
5
3,600
272,000
14,000
4,500
56,600
5,500
18,000
22,000
22,000
8,800
7,800
2,900
1,400
1,500
45,100
66,000
700
12,900
78,800
3,700
26,000
71,900
24,000
1,300
4,000
1,500
2,000
2,400
7,590
7,900
7,000
15,000
19,000
27,300
21,000
47,000
6,900
9,000
600
2,700
25,000
14,700
62,000
10,200
12,900
19,000
71,000
8,300
1,700
34,400
47,700
36,100
4,600
0.07
0.03
0.13
0.34
0.31
0.06
0.15
1.52
0.40
0.41
0.06
0.09
0.08
0.06
0.23
0.09
0.09
0.11
0.06
0.05
0.04
0.84
0.20
0.14
0.06
0.16
0.05
0.07
0.09
0.07
0.02
0.13
0.51
0.18
0.21
0.25
0.09
0.17
0.11
0.08
0.09
0.23
0.37
0.08
0.09
0.06
0.04
0.02
0.16
3.87
0.12
0.09
0.04
0.06
Index Equity Pacific
Securities Portfolio as at 31/12/13
62,000
88,000
87,500
75,400
31,000
19,000
61,000
60,845
116,000
194,000
4,000
51,600
32,000
68,182
92,000
28,000
23,000
20,000
33,000
56,000
50,000
285,000
32,000
45,000
AUCKLD INTERNATIONAL AIRPORT
CONTACT ENERGY
FLETCHER BUILDING
RYMAN HEALTHCARE
TELECOM CORPORATION OF NEW ZEA
Singapore
ASCENDAS REAL ESTATE INV TRUST
CAPITACOMMERCIAL TRUST REIT
CAPITALAND
CAPITAMALL TRUST REIT
CAPITAMALLS
CITY DEVELOPMENTS LTD
COMFORTDELGRO CORP
DBS GROUP HOLDINGS LTD
GLOBAL LOGISTIC PROPERTIE
HUTCHISON PORT HOLDINGS TRST
JARDINE CYCLE & CARRIAGE
KEPPEL CORPORATION LTD
KEPPEL LAND
OLAM INTERNATIONAL
OVERSEA-CHINESE BANKING
SEMBCORP INDUSTRIES
SEMBCORP MARINE
SINGAPORE AIRLINES
SINGAPORE EXCHANGE
SINGAPORE PRESS HOLDING
SINGAPORE TECHNOLOGIES ENGINEE
SINGAPORE TELECOMM
STARHUB
UNITED OVERSEAS BANK LTD
63,234
359,989
57,066
20,111
139,591
65,401
77,820
4,641,889
78,148
71,846
151,398
81,647
34,900
104,177
69,898
592,623
190,741
94,510
83,030
328,154
61,235
59,768
537,642
87,751
58,245
118,368
137,453
131,546
112,582
592,730
78,652
544,775
EUR
63,114
151,942
25,014
31,405
31,405
112,811,328
% of NaV
27,243
6,568
27,610
14,040
56,044
New Zealand
63,234
18,000 UOL GROUP LTD
0.16
78,000 WILMAR INTERNATIONAL
0.06
0.07
37,000 YANGZIJIANG SHIPBUILDING
0.18
United States of America
0.19
38,676
SP AUSNET STAPLED
0.11
0.07 Total securities portfolio
0.05
0.07
0.10
0.17
0.04
0.03
0.08
0.08
0.05
Market Value
Mauritius
202,512 GOLDEN AGRI-RESSOURCES LTD
-
-
Quantity
Malta
206,362 BGP HOLDINGS ORDS
EUR
178,201
72,107
83,780
207,874
219,809
128,367
84,586
53,820
81,848
108,924
187,960
46,415
37,263
91,891
95,932
57,080
% of NaV
UNI-CHARM CORP
UNITED URBAN INVESTMENT CORP
USS
WEST JAPAN RAILWAY CO
YAHOO JAPAN
YAKULT HONSHA
YAMADA DENKI
YAMAGUCHI FINANCIAL GROUP
YAMAHA CORP
YAMAHA MOTOR CO LTD
YAMATO HOLDINGS
YAMATO KOGYO
YAMAZAKI BAKING
YASKAWA ELECTRIC CORP
YOKOGAWA ELECTRIC CORP
YOKOHAMA RUBBER
Market Value
Quantity
4,300
69
8,400
6,600
54,400
3,500
35,600
8,000
7,100
10,000
12,800
2,000
5,000
8,000
8,600
8,000
0.06
0.13
0.02
0.03
0.03
99.50
0.00
0.00
0.06
0.06
0.32
0.05
0.02
0.12
0.06
0.07
4.09
0.07
0.06
0.13
0.07
0.03
0.09
0.06
0.53
0.17
0.08
0.07
0.29
0.05
0.05
0.47
0.08
0.05
0.10
0.12
0.12
0.10
0.53
0.07
0.49
The accompanying notes form an integral part of these financial statements
135
Index Equity World
Securities Portfolio as at 31/12/13
The accompanying notes form an integral part of these financial statements
136
127,843,353
99.43
4,002,579
3.11
127,841,036
42,626
45,607
46,310
316,779
33,290
38,182
35,495
29,937
437,087
51,049
23,821
37,325
449,227
36,602
120,306
29,200
45,763
41,945
33,269
43,347
34,853
60,245
35,002
293,068
27,030
34,382
44,550
55,349
5,015
50,344
33,401
18,580
28,248
106,441
50,706
28,698
35,927
42,002
60,381
81,905
34,581
156,854
74,455
44,379
360,027
91,843
151,602
25,544
99.43
0.03
0.04
0.04
0.25
0.03
0.03
0.03
0.02
0.34
0.04
0.02
0.03
0.34
0.03
0.09
0.02
0.04
0.03
0.03
0.03
0.03
0.05
0.03
0.23
0.02
0.03
0.03
0.04
0.00
0.04
0.03
0.01
0.02
0.08
0.04
0.02
0.03
0.03
0.05
0.06
0.03
0.12
0.06
0.03
0.28
0.07
0.12
0.02
Austria
110,978
Belgium
635,335
1,033 ERSTE GROUP BANK
844 OMV AG
716 VOESTALPINE AG
888
3,218
462
627
1,002
237
617
738
700
600
600
200
1,800
32,000
1,600
300
1,503
AGEAS NV
ANHEUSER-BUSH INBEV
GROUPE BRUXELLES LAMBERT
GROUPE DELHAIZE
KBC GROUPE
SOLVAY
UCB SA
UMICORE
Bermuda
ARCH CAP GRP
AXIS CAPITAL HOLDINGS
BUNGE LTD
EVEREST REINSURANCE GROUP
INVESCO LTD
LI & FUNG
MARVELL TECHNOLOGY
PARTNERRE
SEADRILL LTD
British Virgin Islands
800 MICKAEL KORS
600
600
1,200
2,600
4,800
4,700
800
1,000
800
8,700
2,200
1,700
2,100
1,600
3,400
4,400
1,900
400
800
700
3,000
1,200
1,000
1,600
USD
Canada
AGRIUM INC
ALIMENTATION COUCHE TARD B
ARC RESOURCES LTD
BANK OF MONTREAL
BANK OF NOVA SCOTIA
BARRICK GOLD CORP
BAYTEX ENERGY CORP
BCE INC
BELL ALIANT INC
BOMBARDIER INC B
BROOKFIELD ASSET MANAGEMENT A
BROOKFIELD PROPERTIES CORP
CAMECO CORP
CANADIAN IMPERIAL BANK OF COM
CANADIAN NATIONAL RAILWAY CO
CANADIAN NATURAL RESOURCES
CANADIAN OIL SANDS LTD (NEW)
CANADIAN TIRE CORP A N VOT
CATAMARAN
CDN PACIFIC RAILWAY LTD
CENOVUS ENERGY CORP
CGI GROUP INC A
CI FINCIAL FD
CRESCENT POINT ENERGY CORP
36,055
40,461
34,462
37,871
342,589
42,481
37,324
56,954
37,556
46,030
34,530
373,532
41,783
28,542
49,266
31,174
65,520
41,270
23,008
31,629
61,340
% of NaV
AGL ENERGY LTD
AMCOR LTD
AMP
ANZ BANKING GROUP
ASCIANO GROUP
ASX SHS
AURIZON HOLDINGS
AUSTRALIAN PIPELINE TRUST
BHP BILLITON LTD
BRAMBLES LIMITED
CALTEX AUSTRALIA
COCA COLA AMATIL
COMMONWEALTH BANK OF AUSTRALIA
CROWN RESORTS
CSL LTD
DEXUS PROPERTY GROUP
FORTESCUE METAL
GOODMAN GRP
GPT GROUP
INSURANCE AUSTRALIA GROUP
LEND LEASE CORP
MACQUARIE GROUP I2013
MIRVAC GROUP
NATIONAL AUSTRALIA BANK
NEW NEWSCORP
NEWCREST MINING
ORICA
ORIGIN ENERGY
ORORA
QBE INSURANCE GROUP LTD
RAMSAY HEALTH CARE
REA GROUP
RESMED
RIO TINTO LTD
SANTOS
SEEK
SONIC HEALTHCARE
STOCKLAND
SUNCORP GROUP
TELSTRA CORPORATION LTD
TRANSURBAN GROUP
WESFARMERS LTD
WESTFIELD GROUP
WESTFIELD RETAIL TRUST
WESTPAC BANKING CORP
WOODSIDE PETROLEUM
WOOLWORTHS LTD
WORLEY GROUP
99.46
Market Value
3,170
4,832
11,791
10,986
6,460
1,161
8,130
5,577
12,860
6,236
1,328
3,468
6,454
2,428
1,950
32,476
8,789
9,912
10,937
8,325
3,497
1,225
23,288
9,405
1,500
4,927
2,087
4,397
4,832
4,889
863
550
600
1,745
3,874
2,392
2,422
13,005
5,152
17,438
5,651
3,981
8,248
16,702
12,428
2,639
5,006
1,720
Australia
127,887,401
Quantity
Shares
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.09
0.03
0.03
0.03
0.49
0.03
0.26
0.03
0.03
0.04
0.03
0.04
0.03
0.29
0.03
0.02
0.04
0.02
0.06
0.03
0.02
0.02
0.05
64,952
0.05
5,167,185
4.02
64,952
54,873
45,109
33,397
173,279
300,112
82,765
31,353
43,295
20,126
37,748
85,351
32,720
43,562
136,616
193,795
148,836
35,729
37,456
37,986
105,842
85,950
40,140
33,271
62,119
0.05
0.04
0.04
0.03
0.13
0.22
0.06
0.02
0.03
0.02
0.03
0.07
0.03
0.03
0.11
0.15
0.12
0.03
0.03
0.03
0.08
0.07
0.03
0.03
0.05
Index Equity World
Securities Portfolio as at 31/12/13
23,110
31,480
59,172
78,434
73,008
29,013
0.02
0.02
0.05
0.06
0.06
0.02
294,217
0.23
Curacao
477,583
0.37
Denmark
647,708
0.50
5,300 SCHLUMBERGER LTD
3
5
428
640
2,625
1,118
1,595
905
4,569
USD
% of NaV
0.03
0.11
0.04
0.03
0.03
0.03
0.03
0.06
0.03
0.03
0.02
0.04
0.03
0.01
0.02
0.06
0.11
0.03
0.03
0.05
0.03
0.03
0.03
0.03
0.09
0.03
0.05
0.29
0.03
0.03
0.03
0.03
0.03
0.07
0.16
0.04
0.05
0.03
0.04
0.03
0.26
0.03
0.10
0.12
0.03
0.03
Market Value
GARMIN LTD
HERBALIFE
PRINCIPAL FINANCIAL
SANDS CHINA LTD
SEAGATE TECHNOLOGY
WYNN MACAU LIMITED
33,209
135,410
54,150
39,632
37,257
36,670
37,297
71,561
36,989
44,405
31,675
53,128
32,645
12,034
31,511
73,780
145,982
35,475
36,650
58,234
32,386
36,785
32,797
42,263
115,362
42,099
63,340
389,821
36,435
36,495
43,814
40,377
40,482
84,752
210,300
47,657
59,855
41,292
56,711
35,007
348,625
37,864
127,919
152,479
35,210
37,934
Quantity
500
400
1,200
9,600
1,300
6,400
Cayman Islands
USD
% of NaV
DOLLARAMA INC
ENBRIDGE
ENCANA
FIRST QUANTUM MINERALS LTD
FORTIS INC
FRANCO NEVADA
GILDAN ACTIVEWEAR A
GOLDCORP
GREAT WEST LIFECO
HUSKY ENERGY
IGM FINANCIAL
IMPERIAL OIL
INTACT FINANCIAL CORP
KEYERA
KINROSS GOLD
MAGNA INTERNATIONAL A SUB.VTG
MANULIFE FINANCIAL CORP
METHANEX CORP
METRO INC
NATIONAL BANK OF CANADA
ONEX CORP SUB VTG
OPEN TEXT
PACIFIC RUBIALES
PEMBINA PIPELINE
POTASH CORP OF SASKATCHEWAN
POWER CORP OF CANADA
ROGERS COMMUNICATIONS SHS B
ROYAL BANK OF CANADA
SAPUTO INC
SHAW COMMUNICATIONS B
SHOPPERS DRUG MART
SILVER WHEATON
SNC-LAVALIN GROUP A
SUN LIFE FINANCIAL
SUNCOR ENERGY INC. (NOUV. STE)
TALISMAN ENERGY
TECK RESOURCES B
TELUS
THOMSON CORP
TIM HORTONS INC
TORONTO DOMINION BANK
TOURMALINE OIL
TRANSCANADA CORP
VALEANT PHARMA
VERMILION ENERGY TR
YAMANA GOLD
Market Value
Quantity
400
3,100
3,000
2,200
1,300
900
700
3,300
1,200
1,400
600
1,200
500
200
7,200
900
7,400
600
600
700
600
400
1,900
1,200
3,500
1,400
1,400
5,800
800
1,500
800
2,000
900
2,400
6,000
4,100
2,300
1,200
1,500
600
3,700
900
2,800
1,300
600
4,400
A.P. MOELLER-MAERSK A
A.P. MOELLER-MAERSK B
CARLSBERG B
COLOPLAST B
DANSKE BANK A/S
DSV
NOVO NORDISK B
NOVOZYMES AS-B
TDC
Finland
1,779
1,250
840
14,996
715
1,678
3,509
2,117
979
FORTUM OYJ
KONE B
METSO OYJ
NOKIA OYJ
NOKIAN RENKAAT OYJ
SAMPO A
STORA ENSO OYJ-R
UPM KYMMENE OYJ
WARTSILA OYJ
907
1,248
11,147
1,216
365
423
7,184
3,986
1,113
1,321
573
2,464
337
218
1,660
4,001
2,274
358
1,178
968
820
5,314
3,446
155
303
748
1,061
968
ACCOR SA
AIR LIQUIDE
ALCATEL LUCENT
ALSTOM
ARKEMA
ATOS
AXA
BNP PARIBAS
BOUYGUES
BUREAU VERITAS
CAP GEMINI SA
CARREFOUR SA
CASINO GUICHARD
CHRISTIAN DIOR
COMPAGNIE DE SAINT-GOBAIN SA
CREDIT AGRICOLE SA
DANONE
DASSAULT SYSTEMES
EDENRED
EDF
ESSILOR INTERNATIONAL
GDF SUEZ
GROUPE EUROTUNNEL
ILIAD
KERING
LAFARGE SA
LEGRAND
L’OREAL
France
477,583
0.37
30,975
54,349
47,432
42,437
60,315
36,715
292,833
38,262
44,390
0.02
0.04
0.04
0.03
0.05
0.03
0.23
0.03
0.03
40,766
56,496
35,905
120,264
34,355
82,592
35,273
35,822
48,254
0.03
0.04
0.03
0.09
0.03
0.06
0.03
0.03
0.04
42,868
176,783
50,043
44,361
42,645
38,347
200,063
311,151
42,053
38,672
38,791
97,818
38,900
41,259
91,439
51,300
163,943
44,511
39,493
34,260
87,320
125,177
36,278
31,802
64,152
56,143
58,568
170,333
0.03
0.14
0.04
0.03
0.03
0.03
0.16
0.24
0.03
0.03
0.03
0.08
0.03
0.03
0.07
0.04
0.13
0.03
0.03
0.03
0.07
0.10
0.03
0.02
0.05
0.04
0.05
0.13
489,727
5,016,789
0.38
3.90
The accompanying notes form an integral part of these financial statements
137
Index Equity World
Securities Portfolio as at 31/12/13
138
106,973
327,978
392,727
465,136
155,711
40,995
38,250
62,526
96,644
334,038
195,040
64,122
32,063
132,588
198,427
35,295
133,297
61,587
77,043
47,820
33,695
42,785
54,199
82,833
46,290
34,963
35,602
155,671
0.08
0.26
0.31
0.35
0.12
0.03
0.03
0.05
0.08
0.26
0.15
0.05
0.02
0.10
0.15
0.03
0.10
0.05
0.06
0.04
0.03
0.03
0.04
0.06
0.04
0.03
0.03
0.12
4,959,727
3.86
259
773
718
557
613
745
1,960
3,689
3,175
2,888
1,545
167
579
MERCK KGAA
METRO
MUENCHENER RUECKVERSICHERUNGS AG-NOM
OSRAM LICHT
PORSCHE AUTOMOBIL HOLDING SE
PROSIEBENSAT.1 MEDIA AG
RWE AG
SAP AG
SIEMENS AG-NOM
SKY DE
THYSSENKRUPP AG
VOLKSWAGEN AG
VOLKSWAGEN AG-PFD
Guernsey
7,996 RESOLUTION LIMITED
48,200
7,800
15,000
6,000
7,000
8,000
12,000
3,100
6,000
4,400
23,000
9,000
9,000
24,000
5,500
11,000
6,000
3,500
9,500
6,000
2,600
700
125,456
1,800
2,921
1,900
1,200
2,951
598
549
900
1,100
USD
46,485
37,493
158,447
31,468
63,909
36,957
71,854
316,738
434,393
31,836
37,661
45,310
162,878
46,880
46,880
Hong Kong (China)
1,269,696
Ireland
1,025,100
AIA GROUP
BANK OF EAST ASIA
BOC HONG KONG HOLDINGS LTD
CHEUNG KONG HOLDINGS LTD
CLP HOLDINGS LTD
GALAXY ENTERTAINMENT GROUP
HANG LUNG PROP
HANG SENG BANK LTD
HENDERSON LAND DEVELOPMENT CO LTD
HKG EXCHANGES & CLEARING LTD
HONG KONG & CHINA GAS
HUTCHISON WHAMPOA LTD
MTR CORP
NEW WORLD DEVELOPMENT
POWER ASSETS HOLDINGS LTD
SJM HOLDINGS
SUN HUNG KAI PROPERTIES
SWIRE PACIFIC A
THE LINK REAL ESTATE INV TRUST
WHARF HOLDINGS
ACCENTURE SHS CLASS A
ACTAVIS
BANK OF IRELAND
COVIDIEN
CRH PLC
EATON CORP
INGERSOLL RAND PLC
JAMES HARDIE INDUSTRIES PLC
KERRY GROUP A
PERRIGO COMPANY PLC
WILLIS GROUP HOLDING
XL GROUP PLC
Isle of Man
24,000 GENTING INTERNATIONAL
241,816
33,046
48,073
94,715
55,341
71,759
37,917
50,256
34,241
73,373
52,741
122,341
34,067
30,303
43,730
36,885
76,105
41,032
46,068
45,887
213,772
117,600
43,564
122,580
73,657
144,628
73,920
34,163
41,613
84,250
40,329
35,024
28,418
28,418
% of NaV
The accompanying notes form an integral part of these financial statements
0.14
0.06
0.03
0.07
0.08
0.05
0.05
0.03
0.06
0.39
0.14
0.03
0.13
0.03
0.02
0.03
0.40
0.08
0.04
0.03
0.03
0.10
0.10
0.03
Market Value
ADIDAS NOM
ALLIANZ SE-NOM
BASF SE
BAYER AG
BAYERISCHE MOTORENWERKE
BEIERSDORF
BRENNTAG AG
COMMERZBANK
CONTINENTAL AG
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE BOERSE AG
DEUTSCHE LUFTHANSA NOM
DEUTSCHE POST AG-NOM
DEUTSCHE TELEKOM AG-NOM
DEUTSCHE WOHNEN AG
E.ON SE
FRESENIUS MEDICAL CARE AG & CO
FRESENIUS SE & CO KGAA
GEA GROUP AG
HANNOVER RUECK SE
HEIDELBERGCEMENT AG
HENKEL KGAA
HENKEL KGAA VZ
INFINEON TECHNOLOGIES AG-NOM
K+S AG
LANXESS
LINDE AG
185,822
79,835
34,700
92,082
96,992
66,444
62,017
35,221
75,516
508,065
186,256
35,654
167,434
38,357
20,173
39,179
525,549
99,834
46,548
36,014
36,183
126,185
127,354
36,902
Quantity
Germany
USD
% of NaV
838
1,826
3,678
3,311
1,326
404
206
3,875
440
3,854
4,082
773
1,509
3,631
11,585
1,825
7,211
864
501
1,003
392
563
520
713
4,329
1,134
533
743
LVMH MOET HENNESSY LOUIS VUITTON
MICHELIN (CGDE)-SA
NATIXIS
ORANGE
PERNOD RICARD
PUBLICIS GROUPE
RENAULT SA
REXEL
SAFRAN
SANOFI
SCHNEIDER ELECTRIC SA
SCOR SE ACT PROV
SOCIETE GENERALE A
SODEXO
SUEZ ENVIRONNEMENT COMPANY
TECHNIP SA
TOTAL
UNIBAIL RODAMCO
VALEO
VALLOUREC
VEOLIA ENVIRONNEMENT
VINCI SA
VIVENDI
ZODIAC AEROSPACE
Market Value
Quantity
1,017
750
5,892
7,425
850
725
770
1,340
1,085
4,781
2,132
974
2,878
378
1,124
407
8,565
389
420
660
2,215
1,919
4,825
208
0.04
0.03
0.12
0.02
0.05
0.03
0.06
0.25
0.34
0.02
0.03
0.04
0.13
0.04
0.04
0.99
0.18
0.03
0.04
0.07
0.04
0.06
0.03
0.04
0.03
0.06
0.04
0.09
0.03
0.02
0.03
0.03
0.06
0.03
0.04
0.04
0.80
0.16
0.09
0.03
0.10
0.06
0.11
0.06
0.03
0.03
0.07
0.03
0.03
0.02
0.02
Index Equity World
Securities Portfolio as at 31/12/13
ACOM
AEON CO LTD
AEON CREDIT SERVICE
AIR WATER
AISIN SEIKI LTD
AJINOMOTO CO INC
ASAHI GLASS CO LTD
ASAHI GROUP HOLDINGS
ASAHI KASEI
ASTELLAS PHARMA INC
BANK OF YOKOHAMA LTD
BENESSE
BRIDGESTONE CORP
CANON INC
CENTRAL JAPAN RAILWAY
CHIBA BANK
CHUBU ELECTRIC POWER CO INC
CHUGAI PHARM
CHUGOKU EL POWER
CREDIT SAISON CO LTD
DAI NIPPON PRINTING CO LTD
DAI-ICHI MUTUAL LIFE INSURANCE COMPANY
DAIICHI SANKYO CO LTD
DAIKIN INDUSTRIES LTD
DAITO TRUST CONSTRUCTION CO LTD
DAIWA HOUSE INDUSTRY
DAIWA SECURITIES GROUP INC
DENSO CORP
DENTSU INC
EAST JAPAN RAILWAY CO
EISAI
FANUC LTD
1,086,697
0.85
36,407
33,218
136,080
110,157
46,117
115,275
245,485
42,541
115,081
49,163
34,083
34,927
45,517
40,031
43,226
36,205
128,889
11,215,041
18,002
44,741
18,781
27,097
40,626
28,962
37,334
42,301
39,199
100,766
39,028
36,178
98,454
142,572
70,672
33,728
33,618
30,969
32,687
28,948
31,854
56,836
49,399
56,087
37,410
58,085
69,930
100,328
45,003
103,649
38,771
146,520
0.03
0.03
0.10
0.09
0.04
0.09
0.18
0.03
0.09
0.04
0.03
0.03
0.04
0.03
0.03
0.03
0.10
8.72
0.01
0.03
0.01
0.02
0.03
0.02
0.03
0.03
0.03
0.08
0.03
0.03
0.08
0.11
0.05
0.03
0.03
0.02
0.03
0.02
0.02
0.04
0.04
0.04
0.03
0.05
0.05
0.08
0.03
0.08
0.03
0.11
FAST RETAILING
FUJI ELECTRIC HOLDINGS
FUJI HEAVY INDUSTRIES LTD
FUJIFILM HOLDINGS CORP
FUJITSU LTD
HAKUHODO DY HOLDINGS
HANKYU HANSHIN HOLDINGS INC.
HINO MOTORS LTD
HIROSE ELECTRIC
HITACHI LTD
HONDA MOTOR CO LTD
HOYA CORP
HULIC CO LTD
IDEMITSU KOSAN
IHI CORP
INPEX HOLDINGS INC
ISETAN MITSUKHOSHI HOLDINGS LTD
ISUZU MOTORS LTD
ITOCHU CORP
J FRONT RETAILING
JAPAN EXCHANGE
JAPAN PETROLEUM EXPLORATION
JAPAN REAL ESTATE INVESTMENT
JAPAN RETAIL FUND INVESTMENT
JAPAN TOBACCO INC
JFE HOLDINGS
JGC
JX HOLDINGS
KANEKA CORP
KANSAI ELECTRIC POWER CO INC
KAO CORP
KAWASAKI HEAVY INDUSTRIES
KDDI CORP
KEIHIN ELEC EXP RAILWAY
KEIO CORP
KEYENCE CORP
KIKKOMAN CORP
KINTETSU
KIRIN HOLDINGS CO LTD
KOBE STEEL LTD
KOMATSU LTD
KONICA MINOLTA HOLDINGS
KUBOTA CORPORATION
KYOCERA CORP
KYUSHU ELECTRIC POWER CO INC
LAWSON INC
LIXIL GROUP CORPORATION
MAC DONALD’S HOLDINGS JPN
MAKITA
MARUBENI CORP
MAZDA MOTOR CORP
MEIJI HOLDINGS CO NPV
MITSUBISHI CHEMICAL HOLDINGS
MITSUBISHI CORPORATION
USD
82,584
37,448
68,845
53,888
36,230
19,385
37,829
15,718
28,505
159,041
267,780
61,162
26,631
27,321
34,556
44,888
32,715
43,556
74,154
22,720
39,814
18,957
32,196
32,607
143,171
47,610
39,246
46,325
32,824
44,861
66,134
33,566
135,426
24,747
26,678
85,629
18,895
35,108
43,185
29,114
75,229
29,941
82,727
64,935
34,474
29,951
41,145
30,678
36,763
50,350
67,285
25,727
36,992
107,466
% of NaV
Japan
0.16
200
8,000
2,400
1,900
7,000
2,500
7,000
1,000
200
21,000
6,500
2,200
1,800
1,200
8,000
3,500
2,300
7,000
6,000
3,000
1,400
500
6
16
4,400
2,000
1,000
9,000
5,000
3,900
2,100
8,000
2,200
3,000
4,000
200
1,000
10,000
3,000
17,000
3,700
3,000
5,000
1,300
2,700
400
1,500
1,200
700
7,000
13,000
400
8,000
5,600
Market Value
5,300
3,300
700
2,000
1,000
2,000
6,000
1,500
5,000
1,700
7,000
900
2,600
4,500
600
5,000
2,600
1,400
2,100
1,100
3,000
3,400
2,700
900
400
3,000
7,000
1,900
1,100
1,300
1,000
800
ASSICURAZIONI GENERALI
ATLANTIA SPA
ENEL SPA
ENI SPA
FIAT SPA
INTESA SANPAOLO SPA
LUXOTTICA GROUP
PRYSMIAN SPA
SAIPEM
SNAM RETE GAS
TELECOM ITALIA SPA
TERNA SPA
UBI BANCA SCPA
UNICREDIT SPA REGR
205,705
Quantity
4,675
2,052
26,357
10,186
5,193
46,553
916
1,322
1,629
8,124
40,293
8,637
5,323
17,386
Italy
% of NaV
6,497 BANK HAPOALIM B.M
8,131 BANK LEUMI
3,403 TEVA PHARMACEUTICAL INDUSTRIES
Market Value
Quantity
Israel
USD
0.06
0.03
0.05
0.04
0.03
0.02
0.03
0.01
0.02
0.13
0.22
0.05
0.02
0.02
0.03
0.03
0.03
0.03
0.06
0.02
0.03
0.01
0.03
0.03
0.11
0.04
0.03
0.04
0.03
0.03
0.05
0.03
0.11
0.02
0.02
0.07
0.01
0.03
0.03
0.02
0.06
0.02
0.06
0.05
0.03
0.02
0.03
0.02
0.03
0.04
0.05
0.02
0.03
0.08
The accompanying notes form an integral part of these financial statements
139
Index Equity World
Securities Portfolio as at 31/12/13
SHIMANO
SHIN-ETSU CHEMICAL CO LTD
SHINSEI BANK
SHIONOGI & CO LTD
SHISEIDO CO LTD
SHIZUOKA BANK
SHOWA SHELL SEKIYU KK
SMC CORP
SOFTBANK CORP
SONY CORP
SUMITOMO CORP
SUMITOMO ELECTRIC INDUSTRIES
SUMITOMO METAL MINING CO LTD
SUMITOMO MITSUI FINANCIAL GRP
SUMITOMO MITSUI TRUST HLD
SUMITOMO REALTY & DEVELOPMENT
SUNTORY BEVERAGE AND FOOD LIMITED
SUZUKI MOTOR CORP
SYSMEX
TAIHEIYO CEMENT CORP
TAISEI CORP
TAKEDA PHARMACEUTICAL CO LTD
T&D HOLDINGS INC
TDK CORPORATION
TERUMO CORP
TOBU RAILWAY
TOHO CO LTD
TOHOKU ELECTRIC POWER CO INC
TOKIO MARINE HLDGS INC
TOKYO ELECTRIC POWER
TOKYO ELECTRON LTD
TOKYO GAS CO LTD
TOKYO TATEMONO
TOKYU CORP
TOKYU FUDOSAN
TONENGENERAL SEKIYU KK
TOPPAN PRINTING
TORAY INDUSTRIES INC
TOSHIBA
TOTO LTD
TOYOTA INDUSTRIES CORP
TOYOTA MOTOR CORP
TOYOTA TSUSHO CORP
TREND MICRO INC
UNI-CHARM CORP
UNITED URBAN INVESTMENT CORP
WEST JAPAN RAILWAY CO
YAHOO JAPAN
YAKULT HONSHA
YAMADA DENKI
YAMATO HOLDINGS
YOKOGAWA ELECTRIC CORP
USD
34,366
105,152
29,342
36,877
35,395
32,025
30,484
50,426
332,619
71,230
56,558
50,064
39,304
262,994
68,522
49,760
28,728
51,122
23,634
30,750
27,287
146,901
44,725
33,566
38,590
29,114
22,007
32,641
93,640
40,335
38,362
49,284
22,225
38,875
32,967
18,363
24,005
41,558
67,285
15,860
40,631
684,115
32,195
24,509
34,251
25,911
39,047
44,527
30,313
23,238
42,478
24,585
% of NaV
400
1,800
12,000
1,700
2,200
3,000
3,000
200
3,800
4,100
4,500
3,000
3,000
5,100
13,000
1,000
900
1,900
400
8,000
6,000
3,200
3,200
700
800
6,000
1,000
2,900
2,800
8,200
700
10,000
2,000
6,000
3,500
2,000
3,000
6,000
16,000
1,000
900
11,200
1,300
700
600
18
900
8,000
600
7,100
2,100
1,600
Market Value
140
0.08
0.12
0.06
0.02
0.03
0.27
0.02
0.08
0.02
0.08
0.02
0.17
0.04
0.06
0.03
0.03
0.03
0.05
0.03
0.02
0.03
0.06
0.02
0.07
0.03
0.03
0.10
0.02
0.08
0.02
0.02
0.08
0.02
0.02
0.03
0.03
0.03
0.02
0.08
0.03
0.03
0.08
0.02
0.04
0.03
0.02
0.02
0.02
0.05
0.02
0.02
0.03
0.09
0.02
Quantity
The accompanying notes form an integral part of these financial statements
USD
100,471
149,612
74,326
25,841
32,225
336,748
27,002
97,569
29,000
108,035
31,568
199,572
53,699
71,091
33,823
39,199
38,228
66,648
34,936
24,214
34,366
80,776
31,968
95,040
37,976
36,166
123,923
25,232
100,471
24,889
29,532
100,114
27,144
25,641
41,187
35,355
43,813
28,866
101,923
39,294
43,385
102,480
20,754
55,057
37,738
31,911
29,228
25,717
60,321
30,564
24,547
41,958
119,309
28,600
% of NaV
MITSUBISHI ELECTRIC CORP
MITSUBISHI ESTATE CO LTD
MITSUBISHI HEAVY INDUSTRIES
MITSUBISHI MATERIALS CORP
MITSUBISHI MOTORS
MITSUBISHI UFJ FINANCIAL GROUP
MITSUBISHI UFJ LEASE & FINANCE CO LTD
MITSUI & CO LTD
MITSUI CHEMICALS INC
MITSUI FUDOSAN CO LTD
MITSUI O.S.K.LINES LTD
MIZUHO FINANCIAL GROUP INC
MS AD ASSURANCE
MURATA MANUFACTURING CO LTD
NEC CORP
NIDEC CORP
NIKON CORP
NINTENDO CO LTD
NIPPON BUILDING FUND
NIPPON EXPRESS
NIPPON MEAT PACKERS
NIPPON TELEGRAPH & TELEPHONE
NIPPON YUSEN
NISSAN MOTOR CO LTD
NITTO DENKO
NKSJ HOLDINGS
NOMURA HLDGS INC
NOMURA RESEARCH
NP STI & S’TOMO
NSK LTD
NTT DATA
NTT DOCOMO INC
ODAKYU ELECTRIC RAILWAY
OJI HOLDINGS
OLYMPUS CORP
OMRON CORP
ONO PHARMACEUTICAL
ORIENTAL LAND
ORIX CORP
OSAKA GAS CO LTD
OTSUKA HOLDINGS CO LTD
PANASONIC CORP
PARK24
RAKUTEN
RESONA HOLDINGS
RICOH COMPANY LTD
ROHM
SBI HOLDINGS
SECOM CO LTD
SEGA SAMMY HOLDINGS
SEKISUI CHEMICAL CO LTD
SEKISUI HOUSE LTD
SEVEN & I HOLDINGS CO LTD
SHARP CORPORATION
Market Value
Quantity
8,000
5,000
12,000
7,000
3,000
51,000
4,400
7,000
12,000
3,000
7,000
92,000
2,000
800
15,000
400
2,000
500
6
5,000
2,000
1,500
10,000
11,300
900
1,300
16,100
800
30,000
2,000
800
6,100
3,000
5,000
1,300
800
500
200
5,800
10,000
1,500
8,800
1,100
3,700
7,400
3,000
600
1,700
1,000
1,200
2,000
3,000
3,000
9,000
0.03
0.08
0.02
0.03
0.03
0.02
0.02
0.04
0.27
0.06
0.04
0.04
0.03
0.21
0.05
0.04
0.02
0.04
0.02
0.02
0.02
0.11
0.03
0.03
0.03
0.02
0.02
0.03
0.07
0.03
0.03
0.04
0.02
0.03
0.03
0.01
0.02
0.03
0.05
0.01
0.03
0.54
0.03
0.02
0.03
0.02
0.03
0.03
0.02
0.02
0.03
0.02
Index Equity World
Securities Portfolio as at 31/12/13
7,190
2,364
960
1,431
3,780
200
435
505
923
15,369
4,036
617
12,824
1,703
1,100
1,496
701
2,780
3,907
900
4,184
6,523
1,656
874
8,434
4,436
4,447
13,685
ARCELORMITTAL SA
MILLICOM INTL CELLULAR SDR
RTL GROUP
SES GLOBAL FDR
SUBSEA 7 SA
TENARIS SA
Netherlands
AEGON NV
AIRBUS GROUP
AKZO NOBEL NV-CVA
ASML HOLDING N.V.
CNH INDUSTRIAL N.V
CORE LABORATORIES
GEMALTO
HEINEKEN HOLDING NV
HEINEKEN NV
ING GROEP NV-CVA
KONINKLIJKE AHOLD NV
KONINKLIJKE DSM NV
KONINKLIJKE KPN NV
LYONDELLBASELL
NIELSEN HOLDINGS
QIAGEN NV
RANDSTAD HOLDING NV
REED ELSEVIER NV
ROYAL PHILIPS NV
SENSATA TECHNOLOGIE
STMICROELECTRONICS NV
UNILEVER CVA
WOLTERS KLUWER CVA
ZIGGO NV
New Zealand
AUCKLD INTERNATIONAL AIRPORT
CONTACT ENERGY
FLETCHER BUILDING
TELECOM CORPORATION OF NEW ZEA
Norway
3,913 DNB NOR ASA
28,452
258,256
71,505
40,190
32,789
39,459
32,934
41,379
1,947,781
67,985
181,800
74,528
134,164
43,154
38,190
47,959
31,999
62,422
213,895
72,576
48,597
41,403
136,717
50,479
34,910
45,544
58,993
143,447
34,893
33,670
263,134
47,338
39,984
100,343
24,504
18,730
31,147
25,962
361,045
69,980
0.02
0.02
0.20
0.05
0.03
0.03
0.03
0.03
0.03
1.51
0.05
0.14
0.06
0.10
0.03
0.03
0.04
0.02
0.05
0.16
0.06
0.04
0.03
0.11
0.04
0.03
0.04
0.05
0.11
0.03
0.03
0.19
0.04
0.03
0.08
0.02
0.01
0.03
0.02
0.28
0.05
NORSK HYDRO ASA
ORKLA ASA
STATOILHYDRO ASA
TELENOR
YARA INTERNATIONAL ASA
Panama
0.05
Portugal
109,571
0.09
Singapore
679,074
11,398 EDP - ENERGIAS DE PORTUGAL
2,163 GALP ENERGIA SGPS SA-B
1,640 JERONIMO MARTINS SGPS SA
2,124
1,523
23,201
18,711
7,355
45,498
24,895
6,953
3,890
765
2,281
1,402
597
18,739
874
5,827
0.03
0.03
0.09
0.05
0.03
60,255
1,500 CARNIVAL CORP
1,000
15,000
7,000
17,000
6,000
10,000
5,000
10,000
10,000
32,000
6,000
5,000
12,000
USD
37,395
36,667
108,284
65,139
43,580
% of NaV
4,001
403
256
1,217
1,721
1,891
Luxembourg
28,452
0.06
0.06
0.16
0.03
0.03
0.05
0.09
8,381
4,701
4,469
2,733
1,013
Market Value
600 ROYAL CARIBBEAN CRUISES
72,156
74,206
220,036
34,361
34,084
60,298
122,185
0.48
Quantity
Liberia
617,326
% of NaV
DELPHI AUTOMOTIVE PLC
EXPERIAN PLC
GLENCORE XSTRATA PLC
PETROFAC LIMITED
RANDGOLD RESOURCES
WOLSELEY
WPP PLC
Market Value
Quantity
1,200
4,022
42,487
1,695
543
1,063
5,346
Jersey
USD
AVAGO TECHNOLOGIE LTD
CAPITALAND
DBS GROUP HOLDINGS LTD
GLOBAL LOGISTIC PROPERTIE
KEPPEL CORPORATION LTD
OVERSEA-CHINESE BANKING
SINGAPORE EXCHANGE
SINGAPORE PRESS HOLDING
SINGAPORE TECHNOLOGIES ENGINEE
SINGAPORE TELECOMM
STARHUB
UNITED OVERSEAS BANK LTD
WILMAR INTERNATIONAL
Spain
ABERTIS INFRAESTRUCTURAS A
AMADEUS IT HOLDING
BANCO BILBAO VIZCAYA ARGENTA
BANCO DE SABADELL
BANCO POPULAR ESPANOL S.A.
BANCO SANTANDER SA
BANKIA SA
CAIXABANK
DIA SA
ENAGAS
FERROVIAL SA
GAS NATURAL SDG
GRIFOLS SA
IBERDROLA SA
INDITEX
INTERNATIONAL CONSOLIDATED AIRLINES GROUP
SA
631 RED ELECTRICA CORPORACION
3,390 REPSOL
16,401 TELEFONICA SA
Sweden
1,810 ALFA LAVAL
1,338 ASSA ABLOY B
2,689 ATLAS COPCO AB-A SHS
60,255
41,934
35,513
32,124
0.05
0.04
0.03
0.02
0.53
52,890
35,997
94,804
38,912
53,176
80,786
28,750
32,631
31,364
92,761
20,387
84,112
32,504
0.04
0.03
0.07
0.03
0.04
0.06
0.02
0.03
0.02
0.07
0.02
0.07
0.03
47,267
65,278
286,066
48,884
44,441
407,888
42,331
36,292
34,841
20,023
44,208
36,117
28,599
119,682
144,279
38,854
0.04
0.05
0.22
0.04
0.03
0.32
0.03
0.03
0.03
0.02
0.03
0.03
0.02
0.09
0.11
0.03
1,719,724
1.34
1,840,265
42,170
85,577
267,468
46,500
70,790
74,650
1.43
0.03
0.07
0.21
0.04
0.06
0.06
The accompanying notes form an integral part of these financial statements
141
Index Equity World
Securities Portfolio as at 31/12/13
The accompanying notes form an integral part of these financial statements
142
232,460
144,942
48,123
42,073
32,148
37,681
208,679
23,179
185,967
45,927
47,272
68,824
43,160
41,080
32,913
948,113
737,406
788,202
0.18
0.11
0.04
0.03
0.03
0.03
0.16
0.02
0.14
0.04
0.04
0.05
0.03
0.03
0.03
0.75
0.57
0.62
5,102,837
40,304
50,760
42,786
39,534
39,357
130,082
49,242
148,971
93,687
81,528
30,871
70,482
77,976
3.97
0.03
0.04
0.03
0.03
0.03
0.10
0.04
0.12
0.07
0.06
0.02
0.05
0.06
14,605 UBS AG NOM
3,100 WEATHERFORD INTERNATIONAL
596 ZURICH INSURANCE GROUP AG
5,516
1,077
1,905
5,582
1,579
5,603
1,426
5,015
11,800
1,450
12,933
61,190
13,633
8,457
75,476
7,619
3,799
4,143
31,666
1,332
1,774
2,634
1,084
20,606
7,241
873
10,054
900
6,565
19,615
6,213
4,383
74,701
1,789
3,881
1,795
1,449
646
2,624
14,957
821
9,501
3,144
23,688
800
700
200,036
6,470
3,162
United Kingdom
ABERDEEN ASSET MANAGEMENT
AGGREKO
AMEC PLC
ANGLO AMERICAN PLC
ANTOFAGASTA PLC
ARM HOLDINGS
ASSOCIATED BRITISH FOODS
ASTRAZENECA PLC
AVIVA PLC
BABCOCK INTERNATIONAL GROUP PLC
BAE SYSTEMS PLC
BARCLAYS PLC
BG GROUP PLC
BHP BILLITON PLC
BP PLC
BRITISH AMERICAN TOBACCO PLC
BRITISH LAND CO PLC
BRITISH SKY BROADCASTING GRP
BT GROUP PLC
BUNZL
BURBERRY GROUP
CAPITA
CARNIVAL PLC
CENTRICA PLC
COMPASS GROUP PLC
CRODA INTERNATIONAL PLC
DIAGEO
ENSCO - A
GKN
GLAXOSMITHKLINE PLC
G4S SHS
HAMMERSON
HSBC HOLDINGS PLC
IMI PLC
IMPERIAL TOBACCO GROUP PLC
INMARSAT PLC
INTERCONT HOTELS GROUP PLC
INTERTEK GROUP
INVENSYS
ITV
JOHNSON MATTHEY PLC
KINGFISHER
LAND SECURITIES GROUP PLC
LEGAL & GENERAL GROUP
LIBERTY GLOBAL PLC A
LIBERTY GLOBAL SHARES C
LLOYDS BANKING GROUP PLC
MARKS AND SPENCER GROUP
MEGGITT PLC
USD
277,857
48,019
173,232
11,236,158
45,678
30,484
34,327
122,032
21,549
101,983
57,744
296,891
87,885
32,540
93,175
275,600
292,960
261,780
610,075
408,587
39,576
57,912
198,976
31,988
44,541
45,282
44,901
118,661
116,087
35,525
333,027
51,462
40,588
523,515
27,011
36,441
819,514
45,185
150,279
22,475
48,308
33,680
22,099
48,057
44,599
60,534
50,170
87,369
71,192
59,024
261,328
46,355
27,625
% of NaV
273
22
12
293
189
1,410
93
373
1,700
123
286
1,443
1,900
0.03
0.03
0.03
0.12
0.03
0.13
0.03
0.05
0.03
0.13
0.05
0.03
0.06
0.03
0.03
0.06
0.08
0.08
0.03
0.06
0.06
Market Value
ABB LTD-NOM
ACE LTD
ACTELION N
ADECCO
ARYZTA
BALOISE-HOLDING NOM.
CIE FINANCIERE RICHEMONT SA
COCA COLA HBC
CREDIT SUISSE GROUP AG-NOM
GEBERIT AG-NOM
GIVAUDAN N
HOLCIM LTD-NOM
JULIUS BAER GRUPPE
KUEHNE UND NAGEL INTERNATIONAL AG-NOM
LONZA GROUP AG N
NESTLE SA
NOVARTIS AG-NOM
ROCHE HOLDING AG - BON DE JOUISSANCE
DIVIDENDE
SCHINDLER HOLDING PS
SGS SA-NOM
SIKA
SONOVA HOLDING AG
SWISS LIFE HOLDING NOM
SWISS RE AG
SWISSCOM N
SYNGENTA AG-NOM
TE CONNECTIVITY LTD
THE SWATCH GROUP
THE SWATCH GROUP N
TRANSOCEAN LTD
TYCO INTERNATIONAL LTD
39,691
38,907
35,909
148,943
40,934
175,343
43,398
62,849
41,513
164,083
60,287
38,127
80,303
44,580
41,580
72,386
98,304
102,187
39,071
79,509
79,880
Quantity
8,805
1,400
568
530
418
295
2,090
801
6,065
151
33
917
896
312
346
12,913
9,211
2,813
Switzerland
USD
% of NaV
ATLAS COPCO B
ELECTROLUX B
ELEKTA AB B
ERICSSON LM-B SHS
GETINGE AB-B SHS
HENNES & MAURITZ AB-B SHS
HEXAGON B
INVESTOR B
KINNEVIK INVESTMENT AB-B
NORDEA BANK AB
SANDVIK
SCANIA AB B
SEB A
SKANSKA AB-B SHS
SKF AB-B SHS
SVENSKA CELLULOSA SCA B
SVENSKA HANDELSBANKEN A
SWEDBANK A SHS A
SWEDISH MATCH AB
TELIASONERA AB
VOLVO AB-B SHS
Market Value
Quantity
1,562
1,483
2,345
12,186
1,195
3,802
1,371
1,824
895
12,162
4,269
1,945
6,082
2,179
1,583
2,348
1,998
3,626
1,214
9,536
6,075
0.22
0.04
0.13
8.74
0.04
0.02
0.03
0.09
0.02
0.08
0.04
0.23
0.07
0.03
0.07
0.21
0.23
0.20
0.47
0.32
0.03
0.05
0.15
0.02
0.03
0.04
0.03
0.09
0.09
0.03
0.26
0.04
0.03
0.41
0.02
0.03
0.65
0.04
0.12
0.02
0.04
0.03
0.02
0.04
0.03
0.05
0.04
0.07
0.06
0.05
0.20
0.04
0.02
Index Equity World
Securities Portfolio as at 31/12/13
237,646
332,703
32,094
113,772
32,376
44,272
36,275
102,885
43,376
126,920
35,514
74,347
89,424
51.84
0.18
0.26
0.02
0.09
0.03
0.03
0.03
0.08
0.03
0.10
0.03
0.06
0.07
AIRGAS
AKAMAI TECHNOLOGIES INC
ALBEMARLE
ALCOA INC
ALEXION PHARMACEUTICALS INC
ALLEGHANY CORPORATION
ALLERGAN INC
ALLIANCE DATA SYST
ALLIANT ENERGY CORP
ALLSTATE CORP
ALTERA CORP
ALTRIA GROUP INC
AMAZON.COM
AMEREN CORPORATION
AMERICAN CAPITAL AGENCY
AMERICAN ELECTRIC POWER INC
AMERICAN EXPRESS CO
AMERICAN INTL GRP
AMERICAN TOWER
AMERICAN WATER WORKS
AMERIPRISE FINANCIAL
AMERISOURCEBERGEN
AMETEK
AMGEN INC
AMPHENOL CORPORATION-A
ANADARKO PETROLEUM CORP
ANALOG DEVICES INC
ANNALY CAPITAL MANAGEMENT
ANSYS
AON PLC
APACHE CORP
APPLE INC
APPLIED MATERIALS INC
ARCHER-DANIELS MIDLAND CO
ARROW ELECTRONICS INC
ASHLAND INC
ASSURANT
AT&T INC
AUTODESK INC
AUTOLIV INC
AUTOMATIC DATA PROCESSING INC
AUTOZONE INC
AVALONBAY COMMUNITIE
AVERY DENNISON CORP
AVNET INC
AVON PRODUCTS INC
BAKER HUGHES INC
BALL CORP
BANK OF AMERICA CORP
BANK OF NEW YORK MELLON CORP
BARD (CR) INC
BAXTER INTERNATIONAL INC
B/E AEROSPACE
BEAM INC-WHEN ISSUED
USD
33,555
47,180
19,017
45,709
106,448
39,996
133,296
52,586
20,640
103,626
42,289
307,120
598,185
36,160
42,438
88,806
353,847
285,880
127,712
29,582
92,040
63,279
52,670
342,480
53,508
158,640
61,116
37,886
34,880
100,668
137,504
2,019,996
84,912
112,840
21,700
29,112
33,185
748,908
45,297
36,720
153,539
47,794
59,115
20,076
35,288
29,274
99,468
30,996
669,510
160,724
40,182
153,010
34,812
40,836
% of NaV
66,662,100
300
1,000
300
4,300
800
100
1,200
200
400
1,900
1,300
8,000
1,500
1,000
2,200
1,900
3,900
5,600
1,600
700
800
900
1,000
3,000
600
2,000
1,200
3,800
400
1,200
1,600
3,600
4,800
2,600
400
300
500
21,300
900
400
1,900
100
500
400
800
1,700
1,800
600
43,000
4,600
300
2,200
400
600
Market Value
ABBOTT LABORATORIES
ABBVIE INC
ACTIVISION BLIZZARD INC
ADOBE SYSTEMS INC
ADT CORP
ADVANCE AUTO PARTS
AES CORP
AETNA INC
AFFILIATED MANAGERS
AFLAC INC
AGCO CORP
AGILENT TECHNOLOGIES INC
AIR PRODUCTS & CHEMICALS INC
0.02
0.03
0.15
0.04
0.03
0.05
0.06
0.03
0.18
0.16
0.05
0.03
0.22
0.12
0.04
0.30
0.42
0.03
0.15
0.03
0.02
0.02
0.08
0.04
0.03
0.07
0.17
0.04
0.02
0.14
0.02
0.04
0.16
0.02
0.60
0.02
0.03
0.03
0.03
Quantity
United States of America
USD
25,679
38,368
194,913
56,865
37,470
61,406
72,781
38,496
227,433
205,597
70,187
41,690
287,478
158,986
48,380
379,877
546,217
33,539
197,833
43,038
29,905
27,024
104,625
51,321
38,655
87,605
218,575
56,674
25,015
179,193
30,446
51,572
211,247
30,361
761,494
30,155
44,853
36,489
38,140
% of NaV
6,200
6,300
1,800
1,900
800
400
2,500
1,500
200
1,900
600
1,300
800
MELROSE
MORRISON SUPERMARKETS PLC
NATIONAL GRID PLC
NEXT PLC
NOBLE
OLD MUTUAL
PEARSON
PERSIMMON PLC
PRUDENTIAL PLC
RECKITT BENCKISER GROUP PLC
REED ELSEVIER PLC
REXAM P.L.C.
RIO TINTO PLC
ROLLS-ROYCE HODLINGS PLC
ROYAL BK OF SCOTLAND GROUP PLC
ROYAL DUTCH SHELL B SHARES
ROYAL DUTCH SHELL PLC-A
RSA INSUR GRP SHS
SABMILLER
SAGE GRP
SAINSBURY(J)
SEVERN TRENT PLC
SHIRE
SMITH & NEPHEW
SMITHS GROUP
SSE PLC
STANDARD CHARTERED
STANDARD LIFE PLC
TATE & LYLE PLC
TESCO PLC
TRAVIS PERKINS
TULLOW OIL PLC
UNILEVER
UNITED UTILITIES GROUP PLC
VODAFONE GROUP PLC
WEIR GROUP
WHITBREAD
WILLIAM HILL PLC
3I GROUP
Market Value
Quantity
5,072
8,876
14,935
630
1,000
19,607
3,277
1,876
10,248
2,590
4,714
4,745
5,091
7,529
8,640
10,060
15,302
22,156
3,852
6,437
4,947
957
2,215
3,599
1,577
3,861
9,704
9,516
1,867
32,360
982
3,642
5,139
2,730
194,003
854
722
5,482
5,980
0.03
0.04
0.01
0.04
0.08
0.03
0.10
0.04
0.02
0.08
0.03
0.24
0.47
0.03
0.03
0.07
0.28
0.22
0.10
0.02
0.07
0.05
0.04
0.27
0.04
0.12
0.05
0.03
0.03
0.08
0.11
1.56
0.07
0.09
0.02
0.02
0.03
0.58
0.04
0.03
0.12
0.04
0.05
0.02
0.03
0.02
0.08
0.02
0.52
0.12
0.03
0.12
0.03
0.03
The accompanying notes form an integral part of these financial statements
143
Index Equity World
Securities Portfolio as at 31/12/13
CMS ENERGY CORP
COACH INC
COBALT INTERNATIONAL ENERGY
COCA-COLA CO
COCA-COLA ENTERPRI
COGNIZANT TECH SO-A
COLE REAL ESTATE INVESTMENT
COLGATE PALMOLIVE CO
COMCAST CLASS A
COMCAST CLASS A SPECIAL
COMERICA INC
COMPUTER SCIENCES CORP
CONAGRA FOODS
CONCHO RESOURCES
CONOCOPHILLIPS
CONSOL ENERGY INC
CONSOLIDATED EDISON INC
CONSTELLATION BRANDS INC-A
CONTINENTAL RESOURCES INC
CORNING INC
COSTCO WHOLESALE
CREE
CROWN CASTLE INTERNATIONAL
CROWN HOLDINGS
CSX CORP
CUMMINS INC
CVS CAREMARK CORP
DANAHER CORP
DARDEN RESTAURANTS INC
DAVITA HEALTHCARE
DEERE & CO
DELTA AIR LINES WI
DENBURY RESOURCES
DENTSPLY INTERNATIONAL
DEVON ENERGY CORPORATION
DICK’S SPORTING GOODS
DIGITAL REALTY TRUST
DIRECTV
DISCOVER FINANCIAL SERVICES
DISCOVERY COMMUNICATION SERIES C
DISCOVERY COMMUNICATIONS INC - SERIES A
DISH NETWORK CORP
DOLLAR GENERAL
DOLLAR TREE INC
DOMINION RESOURCES
DOVER CORP
DOW CHEMICAL CO
DR HORTON INC
DR PEPPER SNAPPLE GROUP INC
DTE ENERGY CO
DUKE ENERGY
DUKE REALTY
EASTMAN CHEMICAL CO
EATON VANCE NON VTG
USD
29,447
61,743
19,740
660,960
44,130
121,176
39,312
241,277
441,702
94,772
33,278
33,528
57,290
43,200
332,055
34,236
66,336
49,266
22,504
103,356
202,317
31,285
95,459
26,742
117,957
98,679
350,693
185,280
27,185
44,359
136,995
24,723
24,645
29,088
92,805
34,860
39,296
145,089
106,305
33,544
54,252
52,128
72,384
50,778
148,787
67,578
213,120
26,784
38,976
46,473
193,228
31,584
48,420
34,232
% of NaV
1,100
1,100
1,200
16,000
1,000
1,200
2,800
3,700
8,500
1,900
700
600
1,700
400
4,700
900
1,200
700
200
5,800
1,700
500
1,300
600
4,100
700
4,900
2,400
500
700
1,500
900
1,500
600
1,500
600
800
2,100
1,900
400
600
900
1,200
900
2,300
700
4,800
1,200
800
700
2,800
2,100
600
800
Market Value
144
0.07
0.06
0.41
0.03
0.22
0.03
0.12
0.31
0.04
0.05
0.05
0.08
0.27
0.05
0.03
0.03
0.05
0.02
0.02
0.05
0.03
0.14
0.07
0.03
0.03
0.18
0.03
0.11
0.03
0.21
0.03
0.06
0.05
0.04
0.03
0.09
0.02
0.03
0.04
0.75
0.03
0.04
0.08
0.03
0.07
0.02
0.03
0.02
0.37
0.03
0.49
0.04
0.04
0.08
Quantity
The accompanying notes form an integral part of these financial statements
USD
88,392
72,270
521,664
43,868
279,750
42,162
158,235
395,821
55,910
60,222
64,908
104,496
350,790
62,265
37,785
43,745
65,892
27,314
28,440
59,530
34,624
176,203
93,534
35,838
42,318
236,106
42,080
146,602
33,186
270,336
37,088
76,440
66,888
46,608
35,004
119,600
27,352
34,496
56,994
961,807
33,256
53,278
96,630
39,768
96,228
31,473
41,896
23,836
480,430
41,704
635,742
50,600
46,380
101,998
% of NaV
BECTON DICKINSON & CO
BED BATH & BEYOND INC
BERKSHIRE HATAW B
BEST BUY CO INC
BIOGEN IDEC INC
BIOMARIN PHARMACEUTICAL INC
BLACKROCK INC A
BOEING CO
BORG WARNER INC
BOSTON PROPERTIES INC
BOSTON SCIENTIFIC CORP
BRANCH BANKING AND TRUST CORP
BRISTOL MYERS SQUIBB CO
BROADCOM CORPORATION A
BROWN-FORMAN CORP B
CA
CABOT OIL & GAS
CALPINE CORP W/I
CAMDEN PROPERTY TRUST SBI
CAMERON INTERNATIONAL CORP
CAMPBELL SOUP CO
CAPITAL ONE FINANCIAL CORP
CARDINAL HEALTH INC
CARE FUSION
CARMAX
CATERPILLAR INC
CBRE GROUP
CBS CORP-B
CELANESE SER A
CELGENE CORP
CENTERPOINT ENERGY INC
CENTURYTEL INC
CERNER CORP
CF INDUSTRIES HOLDINGS INC
C.H. ROBINSON WORLDWIDE
CHARLES SCHWAB CORP
CHARTER COMMUNICATION
CHENIERE ENERGY
CHESAPEAKE ENERGY CORP
CHEVRON CORP
CHICAGO BDGE NY REG
CHIPOTLE MEXICAN GRILL CL A
CHUBB CORP
CHURCH & DWIGHT INC
CIGNA CORP
CIMAREX ENERGY
CINCINNATI FINANCIAL CORP
CINTAS CORP
CISCO SYSTEMS INC
CIT GROUP INC
CITIGROUP INC
CITRIX SYSTEMS INC
CLOROX CO
CME GROUP INC
Market Value
Quantity
800
900
4,400
1,100
1,000
600
500
2,900
1,000
600
5,400
2,800
6,600
2,100
500
1,300
1,700
1,400
500
1,000
800
2,300
1,400
900
900
2,600
1,600
2,300
600
1,600
1,600
2,400
1,200
200
600
4,600
200
800
2,100
7,700
400
100
1,000
600
1,100
300
800
400
21,400
800
12,200
800
500
1,300
0.02
0.05
0.02
0.51
0.03
0.09
0.03
0.19
0.34
0.07
0.03
0.03
0.04
0.03
0.26
0.03
0.05
0.04
0.02
0.08
0.16
0.02
0.07
0.02
0.09
0.08
0.27
0.14
0.02
0.03
0.11
0.02
0.02
0.02
0.07
0.03
0.03
0.11
0.08
0.03
0.04
0.04
0.06
0.04
0.12
0.05
0.17
0.02
0.03
0.04
0.15
0.02
0.04
0.03
Index Equity World
Securities Portfolio as at 31/12/13
GOLDMAN SACHS GROUP
GOOGLE INC-A
GREEN MOUNTAIN COFFEE ROASTERS
HALLIBURTON CO
HARLEY DAVIDSON
HARRIS CORP
HARTFORD FINANCIAL SERVICES GRP
HASBRO INC
HCA HOLDINGS INC
HCP INC
HEALTH CARE REIT
HELMERICH & PAYNE INC
HENRY SCHEIN INC
HERTZ GLOBAL HOLDINGS
HESS CORP
HEWLETT PACKARD CO
HOLLYFRONTIER
HOLOGIC INC
HOME DEPOT INC
HONEYWELL INTERNATIONAL INC
HORMEL FOODS
HOSPIRA
HOST HOTELS & RESORTS INC
H&R BLOCK INC
HUMANA
IHS
ILLINOIS TOOL WORKS INC
ILLUMINA
INTEL CORP
INTERCONTINENTALEXCHANGE GROUP
INTERNATIONAL FLAVORS & FRAGRANCES
INTERNATIONAL PAPER
INTERPUBLIC GROUP OF COS INC
INTL BUSINESS MACHINES CORP
INTUIT
INTUITIVE SURGICAL
JACOBS ENGINEERING GROUP INC.
J.B HUNT TRANSPORT SERVICES
JM SMUCKER
JOHNSON & JOHNSON
JOHNSON CONTROLS INC
JOY GLOBAL
J.P.MORGAN CHASE & CO
JUNIPER NETWORKS
KANSAS CITY SOUTHERN
KELLOGG CO
KEYCORP
KIMBERLY-CLARK CORP
KIMCO REALTY CORP
KINDER MORGAN
KINDER MORGAN MANAGEMENT LLC
KLA-TENCOR
KOHL S CORP
KRAFT FOODS
USD
301,342
1,232,781
37,790
172,550
62,316
41,886
61,591
27,505
57,252
65,376
58,927
33,632
34,278
45,792
99,600
215,446
39,752
24,585
469,338
274,110
27,102
28,896
58,320
31,944
61,932
23,940
142,936
55,310
516,604
112,460
25,794
83,351
30,090
787,794
83,952
76,816
44,093
30,920
41,448
1,034,967
138,510
35,094
883,048
45,140
49,532
61,070
48,312
156,690
43,450
97,200
45,396
45,122
45,400
129,408
% of NaV
1,700
1,100
500
3,400
900
600
1,700
500
1,200
1,800
1,100
400
300
1,600
1,200
7,700
800
1,100
5,700
3,000
600
700
3,000
1,100
600
200
1,700
500
19,900
500
300
1,700
1,700
4,200
1,100
200
700
400
400
11,300
2,700
600
15,100
2,000
400
1,000
3,600
1,500
2,200
2,700
600
700
800
2,400
Market Value
0.20
0.09
0.04
0.02
0.19
0.03
0.16
0.16
0.16
0.02
0.02
0.03
0.14
0.04
0.03
0.03
0.06
0.06
0.07
0.03
0.03
0.18
1.38
0.29
0.03
0.04
0.02
0.13
0.03
0.05
0.06
0.02
0.04
0.05
0.03
0.04
0.04
0.03
0.04
0.18
0.05
0.02
0.08
0.12
0.02
0.03
0.04
0.03
0.09
0.89
0.10
0.12
0.04
0.36
Quantity
USD
257,983
114,697
55,560
26,304
240,389
41,292
209,100
208,745
203,522
21,225
21,648
44,289
184,624
53,868
34,545
35,490
72,618
75,320
93,126
41,796
35,400
231,792
1,781,120
377,154
38,982
52,261
30,423
172,524
42,185
64,416
71,502
31,410
56,066
59,050
35,151
47,298
56,203
37,730
46,989
226,821
60,030
23,988
98,141
158,508
27,258
34,482
46,896
38,133
114,660
1,143,624
129,766
159,393
49,914
458,415
% of NaV
EBAY INC
ECOLAB INC
EDISON INTERNATIONAL
EDWARDS LIFESCIENCES
E.I. DUPONT DE NEMOURS & CO
ELECTRONIC ARTS INC
ELI LILLY & CO
EMC CORP
EMERSON ELECTRIC CO
ENERGEN CORP
ENERGIZER HOLDINGS
ENTERGY CORP
EOG RESOURCES
EQT CORP
EQUIFAX INC
EQUINIX
EQUITY RESIDENTIAL
ESTEE LAUDER COMPANIES INC-A
EXELON CORP
EXPEDIA
EXPEDIT INTL WASH
EXPRESS SCRIPTS HLD
EXXON MOBIL CORP
FACEBOOK A
FAMILY DOLLAR STORE
FASTENAL CO
FEDERAL REALTY INVESTMT TR SBI
FEDEX CORP
FIDELITY NATIONAL FINANCIAL INC
FIDELITY NATIONAL INFORM SVCES
FIFTH THIRD BANCORP
FIRST REPUBLIC BANK
FIRSTENERGY CORP
FISERV INC
FLEETCOR TECHNOLOGIES INC
FLOWSERVE CORP
FLUOR NEW
FMC CORP
FMC TECHNOLOGIES
FORD MOTOR CO
FOREST LABORATORIES
FOSSIL GROUP
FRANKLIN RESOURCES INC
FREEPORT MCMORAN COPPER&GLD INC-B
F5 NETWORKS INC
GAMESTOP A
GAP INC
GEN GROWTH PROP
GENERAL DYNAMICS CORP
GENERAL ELECTRIC CO
GENERAL MILLS INC
GENERAL MOTORS
GENUINE PARTS CO
GILEAD SCIENCES INC
Market Value
Quantity
4,700
1,100
1,200
400
3,700
1,800
4,100
8,300
2,900
300
200
700
1,100
600
500
200
1,400
1,000
3,400
600
800
3,300
17,600
6,900
600
1,100
300
1,200
1,300
1,200
3,400
600
1,700
1,000
300
600
700
500
900
14,700
1,000
200
1,700
4,200
300
700
1,200
1,900
1,200
40,800
2,600
3,900
600
6,100
0.23
0.95
0.03
0.13
0.05
0.03
0.05
0.02
0.04
0.05
0.05
0.03
0.03
0.04
0.08
0.17
0.03
0.02
0.36
0.21
0.02
0.02
0.05
0.02
0.05
0.02
0.11
0.04
0.40
0.09
0.02
0.06
0.02
0.61
0.07
0.06
0.03
0.02
0.03
0.80
0.11
0.03
0.69
0.04
0.04
0.05
0.04
0.12
0.03
0.08
0.04
0.04
0.04
0.10
The accompanying notes form an integral part of these financial statements
145
Index Equity World
Securities Portfolio as at 31/12/13
MORGAN STANLEY
MOSAIC CO THE -WI
MOTOROLA SOLUTIONS INC
M&T BANK CORPORATION
MURPHY OIL
MYLAN
NATIONAL OILWELL VARCO
NETAPP INC
NETFLIX
NEW YORK COMMUNITY BANCORP
NEWELL RUBBERMAID INC
NEWMONT MINING CORP
NEXTERA ENERGY INC
NIKE INC -BNISOURCE
NOBLE ENERGY
NORDSTROM INC
NORFOLK SOUTHERN CORP
NORTHEAST UTILITIES
NORTHERN TRUST CORP
NORTHROP GRUMMAN CORP
NRG ENERGY INC
NUCOR CORP
NVIDIA CORP
OCCIDENTAL PETROLEUM CORP
OCEANEERING INTL
OCWEN FINANCIAL
OGE ENERGY CORP
OMNICARE INC
OMNICOM GROUP INC
ONEOK INC
ORACLE CORP
OREILLY AUTOMOTIVE INC
OWENS ILLINOIS INC
PACCAR INC
PALL CORP
PARKER-HANNIFIN CORP
PAYCHEX INC
PEABODY ENERGY CORP
PENTAIR
PEOPLES UNITED FINANCIAL INC
PEPCO HOLDINGS
PEPSICO INC
PETSMART INC
PFIZER INC
PG&E CORP
PHARMACYCLICS
PHILIP MORRIS INTERNATIONAL INC
PHILLIPS VAN HEUSEN CORP
PHILLIPS 66
PINNACLE WEST CAPITAL CORP
PIONEER NATURAL RES
PLUM CREEK TIMBER
PNC FINANCIAL SERVICES GROUP
USD
185,024
56,724
67,500
58,210
45,416
65,100
135,201
57,596
73,634
42,125
38,892
46,060
145,554
228,056
42,744
95,354
37,080
111,396
55,107
55,701
103,149
37,336
69,394
36,846
304,320
31,552
38,815
27,120
24,144
74,370
49,744
531,814
51,484
21,468
82,838
34,140
77,184
59,189
21,483
62,136
31,752
19,130
514,228
36,375
811,695
72,504
21,156
566,345
40,806
177,399
21,168
110,442
46,510
162,918
% of NaV
5,900
1,200
1,000
500
700
1,500
1,700
1,400
200
2,500
1,200
2,000
1,700
2,900
1,300
1,400
600
1,200
1,300
900
900
1,300
1,300
2,300
3,200
400
700
800
400
1,000
800
13,900
400
600
1,400
400
600
1,300
1,100
800
2,100
1,000
6,200
500
26,500
1,800
200
6,500
300
2,300
400
600
1,000
2,100
Market Value
146
0.06
0.03
0.03
0.10
0.02
0.03
0.02
0.05
0.05
0.02
0.04
0.05
0.04
0.03
0.07
0.03
0.13
0.05
0.06
0.16
0.02
0.03
0.03
0.06
0.02
0.08
0.09
0.04
0.08
0.04
0.26
0.05
0.02
0.30
0.06
0.03
0.11
0.02
0.05
0.02
0.18
0.46
0.16
0.02
0.03
0.03
0.07
0.91
0.02
0.03
0.19
0.19
0.03
0.05
Quantity
The accompanying notes form an integral part of these financial statements
USD
79,060
36,548
38,115
126,192
23,736
34,008
19,902
58,580
58,700
30,483
53,060
61,850
56,782
40,995
86,732
39,480
163,526
62,712
76,020
208,110
23,612
42,744
41,223
80,100
25,758
98,840
119,249
49,360
106,392
45,540
334,184
66,612
30,701
388,120
78,200
34,460
145,260
21,385
67,008
25,851
229,560
585,585
199,504
24,259
37,632
35,800
91,392
1,186,531
29,780
33,690
240,040
244,755
40,662
62,776
% of NaV
KROGER CO
LABORATORY CORP
LAM RESEARCH CORP
LAS VEGAS SANDS
LENNAR A
LEUCADIA NATIONAL
LEVEL 3 COMM
LIBERTY MEDIA
LIBERTY MEDIA HLDG INTER SR A
LIBERTY PROPERTY TRUST
LIFE TECH
LIMITED BRANDS INC
LINCOLN NATIONAL CORP
LINEAR TECHNOLOGY CORP
LINKEDIN CORP CLASS A
LKQ CORPORATION
LOCKHEED MARTIN CORP
LOEWS CORP
LORILLARD INC
LOWE’S COMPANIES INC
LULULEMON ATHLETICA
L3 COMMUNICATION
MACERICH CO
MACY S STORE
MANPOWER INC
MARATHON OIL CORP
MARATHON PETROLEUM
MARRIOTT INTERNATIONAL-A
MARSH & MCLENNAN COMPANIES
MASCO CORP
MASTERCARD
MATTEL
MAXIM INTEGRATED PRODUCTS INC
MC DONALD’S CORP
MC GRAW HILL FIN SHS
MCCORMICK NON VTG
MCKESSON CORP
MDU RES GROUP
MEAD JOHNSON NUTRITION
MEADWESTVACO
MEDTRONIC INC
MERCK AND CO INC
METLIFE INC
METTLER TOLEDO INTERNATIONAL INC
MGM MIRAGE
MICROCHIP TECHNOLOGY INC
MICRON TECHNOLOGY INC
MICROSOFT CORP
MOHAWK INDUSTRIES
MOLSON COORS BREWING CO-B
MONDELEZ INTERNATIONAL
MONSANTO
MONSTER BEVERAGE CORP
MOODY’S CORP
Market Value
Quantity
2,000
400
700
1,600
600
1,200
600
400
2,000
900
700
1,000
1,100
900
400
1,200
1,100
1,300
1,500
4,200
400
400
700
1,500
300
2,800
1,300
1,000
2,200
2,000
400
1,400
1,100
4,000
1,000
500
900
700
800
700
4,000
11,700
3,700
100
1,600
800
4,200
31,700
200
600
6,800
2,100
600
800
0.14
0.04
0.05
0.05
0.04
0.05
0.11
0.04
0.06
0.03
0.03
0.04
0.11
0.18
0.03
0.07
0.03
0.09
0.04
0.04
0.08
0.03
0.05
0.03
0.24
0.02
0.03
0.02
0.02
0.06
0.04
0.41
0.04
0.02
0.06
0.03
0.06
0.05
0.02
0.05
0.02
0.01
0.40
0.03
0.63
0.06
0.02
0.44
0.03
0.14
0.02
0.09
0.04
0.13
Index Equity World
Securities Portfolio as at 31/12/13
SPRINT CORP W/I
ST JUDE MEDICAL INC
STANLEY BLACK AND DECKER INC.
STAPLES INC
STARBUCKS
STARWOOD HTLS & RESORTS WORLD
STATE STREET CORP
STERICYCLE
STRYKER CORP
SUNTRUST BANKS INC
SYMANTEC CORP
SYNOPSYS INC
SYSCO CORP
T ROWE PRICE GROUP INC
TARGET CORP
TD AMERITRADE HOLDING
TERADATA CORP COM STK USD0.01
TESLA MOTOR INC
TESORO
TEXAS INSTRUMENTS
TEXTRON INC
THE HERSHEY CO
THERMO FISHER SCIE
TIFFANY & CO
TIME WARNER
TIME WNR CBLE CL A
TJX COMPANIES INC
T-MOBILE US INC
TOLL BROTHERS INC
TORCHMARK CORP
TOTAL SYSTEM SERVICES INC
TOWER WATSON & CO
TRACTOR SUPPLY
TRANSDIGM
TRAVELERS COMPANIES INC
TRIMBLE NAVIGATION
TRIPADVISOR
TRW AUTOMOTIVE HOLDINGS
TWENTY-FIRST CENTURY CL A-WI
TWENTY-FIRST CENTURY FOX INC
TYSON FOODS -AULTA SALON COSMET.
UNDER ARMOUR
UNION PACIFIC CORP
UNITED DOMINION REALTY INC
UNITED PARCEL SERVICE-B
UNITED TECHNOLOGIES CORP
UNITEDHEALTH GROUP
UNIVERSAL HEALTH SERV CL B
UNUM GROUP
US BANCORP
VALERO ENERGY CORPORATION
VARIAN MEDICAL SYSTEMS INC
VENTAS INC
USD
41,925
68,145
48,414
41,314
235,170
63,560
132,102
34,851
90,168
80,982
66,024
36,513
86,640
83,770
151,848
39,832
31,843
45,114
29,250
193,204
40,436
58,338
155,890
46,390
257,964
149,050
184,817
33,640
22,200
39,075
23,296
38,283
46,548
32,204
135,810
34,700
41,415
37,195
214,598
62,280
36,806
38,608
26,190
319,200
35,025
304,732
398,300
308,730
32,504
38,588
298,960
110,880
31,076
68,736
% of NaV
3,900
1,100
600
2,600
3,000
800
1,800
300
1,200
2,200
2,800
900
2,400
1,000
2,400
1,300
700
300
500
4,400
1,100
600
1,400
500
3,700
1,100
2,900
1,000
600
500
700
300
600
200
1,500
1,000
500
500
6,100
1,800
1,100
400
300
1,900
1,500
2,900
3,500
4,100
400
1,100
7,400
2,200
400
1,200
Market Value
0.03
0.03
0.09
0.06
0.12
0.13
0.18
0.70
0.05
0.06
0.14
0.05
0.07
0.02
0.02
0.40
0.03
0.02
0.05
0.03
0.03
0.09
0.03
0.03
0.03
0.06
0.04
0.03
0.05
0.02
0.02
0.06
0.03
0.04
0.05
0.03
0.10
0.05
0.03
0.02
0.02
0.02
0.02
0.06
0.02
0.04
0.04
0.14
0.03
0.03
0.03
0.11
0.04
0.07
Quantity
USD
43,692
35,314
113,796
75,225
156,036
161,580
232,480
895,510
62,721
73,900
175,218
64,080
90,312
28,518
21,455
512,325
37,872
32,124
59,017
36,533
33,680
117,910
39,576
41,063
44,832
82,572
55,384
39,840
64,987
25,194
31,503
70,896
36,960
55,472
67,437
32,570
126,937
70,540
44,920
23,465
25,923
23,835
31,257
80,784
28,005
55,050
47,005
182,592
43,276
36,952
44,676
143,885
55,062
96,174
% of NaV
POLARIS INDUSTRIES INC.
POLO RALPH LAUREN A
PPG INDUSTRIES INC
PPL CORP
PRAXAIR INC
PRECISION CASTPARTS CORP
PRICELINE.COM INC
PROCTER AND GAMBLE CO
PROGRESSIVE CORP
PROLOGIS
PRUDENTIAL FINANCIAL
PUBLIC SERVICE ENTERPRISE GROU
PUBLIC STORAGE
PULTE HOMES
QEP RESOURCES INC
QUALCOMM INC
QUANTA SERVICES
QUEST DIAGNOSTICS INC
RANGE RESOURCES CORPORATION
RAYMOND J FINANCIAL
RAYONIER REIT
RAYTHEON CO
REALOGY HOLDINGS
REALTY INCOME CORP
RED HAT
REGENERON PHARMA
REGIONS FINANCIAL CORP
REPUBLIC SERVICES INC
REYNOLDS AMERICAN INC
ROBERT HALF INTL
ROCK-TENN COMPANY-A
ROCKWELL AUTOMATION INC
ROCKWELL COLLINS INC.
ROPER INDUSTRIES
ROSS STORES INC
SAFEWAY INC
SALESFORCE.COM
SANDISK
SBA COMMUNICATIONS CORP
SCANA CORP
SCRIPPS NETWORKS INTER
SEALED AIR
SEI INVESTMENTS
SEMPRA ENERGY
SERVICENOW INC
SHERWIN WILLIAMS CO
SIGMA-ALDRICH CORP
SIMON PROPERTY GROUP INC
SIRIUS XM HOLDINGS
SL GREEN REALTY CORPOR
SLM
SOUTHERN CO
SOUTHWESTERN ENERGY
SPECTRA ENERGY
Market Value
Quantity
300
200
600
2,500
1,200
600
200
11,000
2,300
2,000
1,900
2,000
600
1,400
700
6,900
1,200
600
700
700
800
1,300
800
1,100
800
300
5,600
1,200
1,300
600
300
600
500
400
900
1,000
2,300
1,000
500
500
300
700
900
900
500
300
500
1,200
12,400
400
1,700
3,500
1,400
2,700
0.03
0.05
0.04
0.03
0.18
0.05
0.10
0.03
0.07
0.06
0.05
0.03
0.07
0.07
0.12
0.03
0.02
0.04
0.02
0.15
0.03
0.05
0.12
0.04
0.20
0.12
0.14
0.03
0.02
0.03
0.02
0.03
0.04
0.03
0.11
0.03
0.03
0.03
0.17
0.05
0.03
0.03
0.02
0.25
0.03
0.24
0.31
0.24
0.03
0.03
0.23
0.09
0.02
0.05
The accompanying notes form an integral part of these financial statements
147
Index Equity World
Securities Portfolio as at 31/12/13
Warrants, Rights
Spain
3,390 REPSOL DO 09/01/2014
Other transferable securities
Shares
Canada
1,300 POWER FINANCIAL CORP
Total securities portfolio
The accompanying notes form an integral part of these financial statements
148
USD
% of NaV
VERISIGN
VERISK ANALYTICS CLASS.A
VERIZON COMMUNICATIONS INC
VERTEX PHARMACEUTICALS INC
VF CORP
VIACOM INC-B
VISA INC-A
VMWARE CLASS A
VORNADO REALTY TRUST
VULCAN MATERIALS CO
WALGREEN CO
WAL-MART STORES INC
WALT DISNEY COMPANY
WASTE MANAGEMENT INC
WATERS CORP
WELLPOINT INC
WELLS FARGO & CO
WESTERN DIGITAL CORP
WESTERN UNION CO
WEYERHAEUSER CO
WHIRLPOOL CORP
WHITING PETROLEUM HOLDINGS
WHOLE FOODS MARKET
WILLIAMS COMPANIES INC
WINDSTREAM HOLDINGS INC
WISCONSIN ENERGY
WORKDAY INC
W.R.BERKLEY CORP.
WW GRAINGER INC
WYNDHAM WORLWIDE
WYNN RESORTS
XCEL ENERGY INC
XEROX CORPORATION
XILINX INC
XYLEM
YAHOO INC
YUM BRANDS INC
ZIMMER HOLDING INC
ZOETIS INC
3M
Market Value
Quantity
600
600
11,500
900
1,600
1,700
2,100
500
700
500
3,600
6,600
6,800
1,800
300
1,200
20,200
900
2,200
2,300
300
500
1,400
2,700
2,400
900
300
700
200
500
300
2,000
4,700
1,100
1,100
3,900
1,800
700
2,000
2,600
35,868
39,432
565,110
66,870
99,744
148,478
467,628
44,855
62,153
29,710
206,784
519,354
519,520
80,766
30,000
110,868
917,080
75,510
37,950
72,611
47,058
30,935
80,962
104,139
19,152
37,206
24,948
30,373
51,084
36,845
58,263
55,880
57,199
50,512
38,060
157,716
136,098
65,233
65,380
364,650
0.03
0.03
0.44
0.05
0.08
0.12
0.36
0.03
0.05
0.02
0.16
0.40
0.40
0.06
0.02
0.09
0.71
0.06
0.03
0.06
0.04
0.02
0.06
0.08
0.01
0.03
0.02
0.02
0.04
0.03
0.05
0.04
0.04
0.04
0.03
0.12
0.11
0.05
0.05
0.28
2,317
0.00
44,048
0.03
2,317
2,317
44,048
44,048
44,048
127,887,401
0.00
0.00
0.03
0.03
0.03
99.46
Index Global Bond (EUR) Hedged
Securities Portfolio as at 31/12/13
150,000
850,000
1,600,000
3,430,000
1,290,000
Belgium
BELGIUM 3.75% 22/06/2045
BELGIUM 3.75% 28/09/2015
BELGIUM 4.00% 28/03/2022
BELGIUM 5.00% 28/03/2035
BELGIUM 5.50% 28/03/2028
BELGIUM 5.50% 28/09/2017
Canada
CANADA 2.50% 01/06/2024
CANADA 3.25% 01/06/2021
CANADA 4.25% 01/06/2018
CANADA 4.50% 01/06/2015
CANADA 5.00% 01/06/2037
Denmark
5,200,000 DENMARK 4.00% 15/11/2017
2,150,000 DENMARK 4.50% 15/11/2039
3,000,000 DENMARK 7.00% 10/11/2024
3,680,000
5,000,000
1,000,000
1,660,000
2,590,000
3,200,000
2,310,000
210,000
2,100,000
2,100,000
3,150,000
1,650,000
755,000
750,000
350,000
4,250,000
3,200,000
3,270,000
3,370,000
292,440,051
93.29
2,062,775
0.66
291,526,726
232,784
218,124
1,178,815
433,052
5,984,171
135,057
1,484,770
2,065,535
1,189,638
115,623
993,548
5,487,945
98,484
610,747
1,199,426
2,441,975
1,137,313
1,775,631
789,102
385,729
600,800
France
22,234,460
Germany
13,005,152
FRANCE OAT 3.00% 25/10/2015
FRANCE OAT 3.50% 25/04/2020
FRANCE OAT 4.00% 25/04/2055
FRANCE OAT 4.25% 25/04/2019
FRANCE OAT 4.25% 25/10/2023
FRANCE OAT 5.00% 25/10/2016
FRANCE OAT 5.75% 25/10/2032
GERMANY BUND 1.50% 15/02/2023
GERMANY BUND 3.25% 04/07/2021
GERMANY BUND 3.50% 04/07/2019
GERMANY BUND 4.00% 04/07/2016
GERMANY BUND 4.25% 04/07/2039
GERMANY BUND 4.75% 04/07/2034
GERMANY BUND 5.625% 04/01/2028
GERMANY BUND 6.25% 04/01/2024
Italy
ITALY BTP 3.75% 15/04/2016
ITALY BTP 4.00% 01/09/2020
ITALY BTP 4.25% 01/02/2015
ITALY BTP 4.50% 01/03/2019
3,863,926
5,576,500
1,114,330
1,908,087
2,997,666
3,603,360
3,170,591
203,937
2,362,500
2,374,218
3,441,847
2,102,430
997,302
1,035,735
487,183
23,064,700
4,466,537
3,361,920
3,386,412
3,645,936
93.00
0.07
0.07
0.38
0.14
1.91
0.04
0.47
0.66
0.38
0.04
0.32
1.75
0.03
0.19
0.38
0.79
0.36
0.57
0.26
0.12
0.19
7.09
1.23
1.77
0.36
0.61
0.96
1.15
1.01
4.15
0.07
0.75
0.76
1.09
0.67
0.32
0.33
0.16
7.36
1.43
1.07
1.08
1.16
3,480,000 ITALY BTP 4.75% 01/08/2023
3,875,000 ITALY BTP 5.00% 01/08/2034
410,000 ITALY BTP 5.25% 01/11/2029
840,000,000
1,410,000,000
1,080,000,000
774,000,000
990,500,000
220,000,000
895,000,000
200,000,000
709,000,000
206,000,000
271,000,000
1,255,000,000
471,000,000
308,000,000
913,000,000
780,000
800,000
910,000
1,500,000
1,150,000
60,000
3,150,000
2,120,000
800,000
1,160,000
500,000
1,260,000
1,230,000
750,000
Japan
JAPAN JGB 1.30% 20/03/2019
JAPAN JGB 1.50% 20/12/2015
JAPAN JGB 1.80% 20/09/2016
JAPAN JGB 1.90% 20/09/2022
JAPAN JGB 2.00% 20/12/2033
JAPAN JGB 2.10% 20/12/2024
JAPAN JGB 2.10% 20/12/2027
JAPAN JGB 2.10% 20/12/2028
JAPAN JGB 2.20% 20/09/2026
JAPAN JGB 2.20% 20/09/2039
JAPAN JGB 2.30% 20/09/2018
JAPAN JGB 2.40% 20/03/2020
JAPAN JGB 2.40% 20/03/2048
JAPAN JGB 2.50% 21/12/2020
JAPAN JGB 3.70% 21/09/2015
Netherlands
NETHERLANDS 1.75% 15/07/2023
NETHERLANDS 3.25% 15/07/2021
NETHERLANDS 4.00% 15/01/2037
NETHERLANDS 4.00% 15/07/2016
NETHERLANDS 4.00% 15/07/2018
NETHERLANDS 4.00% 15/07/2019
Spain
SPAIN 3.25% 30/04/2016
SPAIN 4.10% 30/07/2018
SPAIN 4.40% 31/01/2015
SPAIN 4.40% 31/10/2023
SPAIN 4.90% 30/07/2040
SPAIN 5.50% 30/04/2021
SPAIN 5.75% 30/07/2032
SPAIN 5.85% 31/01/2022
Sweden
1,100,000 SWEDEN 3.50% 30/03/2039
7,000,000 SWEDEN 5.00% 01/12/2020
3,580,000
2,590,000
570,000
3,820,000
2,340,000
1,500,000
420,000
2,145,000
EUR
3,723,356
4,036,898
443,641
25.29
5,718,890
1.82
6,097,819
9,983,166
7,783,932
5,898,378
7,309,396
1,724,969
7,022,853
1,561,027
5,640,509
1,573,544
2,048,610
9,724,609
3,811,579
2,417,185
6,678,212
747,926
881,400
1,084,566
1,636,050
1,300,305
68,643
11,676,705
3,258,360
2,259,029
828,520
1,183,606
498,290
1,408,428
1,387,969
852,503
1,064,014
129,853
934,161
22,868,129
United States of America
97,308,366
13,300,000 USA T-BONDS 1.25% 31/08/2015
1.19
1.29
0.14
79,275,788
United Kingdom
UK GILT 4.00% 07/03/2022
UK GILT 4.00% 07/09/2016
UK GILT 4.25% 07/03/2036
UK GILT 4.25% 07/12/2046
UK GILT 4.50% 07/03/2019
UK GILT 4.75% 07/09/2015
UK GILT 5.00% 07/03/2025
UK GILT 6.00% 07/12/2028
% of NaV
130,000
1,400,000
1,825,000
950,000
90,000
850,000
AUSTRALIA 3.25% 21/04/2025
AUSTRALIA 3.25% 21/04/2029
AUSTRALIA 4.50% 15/04/2020
AUSTRALIA 5.75% 15/07/2022
93.29
Market Value
400,000
400,000
1,750,000
600,000
Australia
292,440,051
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
4,682,524
3,350,671
748,542
5,102,229
3,135,303
1,920,050
588,060
3,340,750
9,782,509
1.95
3.19
2.48
1.88
2.33
0.55
2.24
0.50
1.80
0.50
0.65
3.10
1.22
0.77
2.13
0.24
0.28
0.35
0.52
0.41
0.02
3.72
1.04
0.72
0.26
0.38
0.16
0.45
0.44
0.27
0.34
0.04
0.30
7.30
1.49
1.07
0.24
1.63
1.00
0.61
0.19
1.07
31.04
3.12
The accompanying notes form an integral part of these financial statements
149
Index Global Bond (EUR) Hedged
Securities Portfolio as at 31/12/13
Convertible bonds
Australia
1,300,000 AUSTRALIA 6.00% 15/02/2017
Total securities portfolio
The accompanying notes form an integral part of these financial statements
150
EUR
% of NaV
USA T-BONDS 3.00% 15/05/2042
USA T-BONDS 3.00% 31/08/2016
USA T-BONDS 3.125% 15/05/2021
USA T-BONDS 4.25% 15/11/2017
USA T-BONDS 4.50% 15/08/2039
USA T-BONDS 4.625% 15/02/2040
USA T-BONDS 5.00% 15/05/2037
USA T-BONDS 6.125% 15/11/2027
USA T-BONDS 7.125% 15/02/2023
USA T-BONDS 8.125% 15/08/2019
USA T-BONDS 8.75% 15/05/2020
USA T-BONDS 9.125% 15/05/2018
USA T-BONDS 9.25% 15/02/2016
Market Value
Quantity
4,300,000
20,250,000
4,250,000
19,070,000
5,125,000
6,200,000
2,890,000
380,000
10,600,000
12,700,000
10,490,000
5,150,000
460,000
2,629,235
15,576,959
3,214,439
15,385,903
4,138,534
5,101,286
2,504,195
359,400
10,377,265
12,272,974
10,617,808
4,952,662
395,197
0.84
4.96
1.03
4.90
1.32
1.63
0.80
0.11
3.31
3.92
3.39
1.58
0.13
913,325
0.29
913,325
913,325
292,440,051
0.29
0.29
93.29
Absolute Forex
Securities Portfolio as at 31/12/13
Absolute
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
440 SG MONETAIRE PLUS
Money market instrument
Bonds
14,000,000
17,500,000
17,600,000
7,000,000
5,000,000
14,000,000
14,000,000
8,000,000
France
FRANCE BTF 0% 16/01/2014
FRANCE BTF 0% 27/02/2014
FRANCE BTF 0% 30/01/2014
SOCIETE GENERALE VAR 06/02/2014
Italy
ITALY BOT 0% 12/09/2014
ITALY BOT 0% 14/01/2014
ITALY BOT 0% 14/02/2014
ITALY BOT 0% 14/03/2014
United Kingdom
7,000,000 LLOYDS TSB BANK PLC 0% 10/03/2014
2,000,000
7,200,000
12,600,000
4,000,000
3,800,000
United States of America
USA T-BILLS 0% 06/02/2014
USA T-BILLS 0% 13/02/2014
USA T-BILLS 0% 13/03/2014
USA T-BILLS 0% 16/01/2014
USA T-BILLS 0% 27/02/2014
Derivative instruments
Options
10,000,000
10,000,000
5,000,000
10,000,000
10,000,000
5,000,000
6,000,000
7,250,000
6,000,000
7,250,000
5,000,000
8,000,000
Luxembourg
CHF(P)/JPY(C)OTC - 104.00 - 23.01.14 PUT
CHF(P)/JPY(C)OTC - 95.00 - 23.01.14 PUT
EUR(C)/GBP(P)OTC - 0.88 - 12.02.14 CALL
EUR(C)/USD(P)OTC - 1.40 - 16.04.14 CALL
EUR(C)/USD(P)OTC - 1.46 - 16.04.14 CALL
EUR(P)/GBP(C)OTC - 0.82 - 12.02.14 PUT
EUR(P)/USD(C)OTC - 1.25 - 21.02.14 PUT
EUR(P)/USD(C)OTC - 1.30 - 14.02.14 PUT
EUR(P)/USD(C)OTC - 1.31 - 21.02.14 PUT
EUR(P)/USD(C)OTC - 1.36 - 14.02.14 PUT
GBP(C)/INR(P)OTC - 110.60 - 26.02.14 CALL
GBP(C)/JPY(P)OTC - 166.00 - 17.01.14 CALL
6,993,769
4.67
6,993,769
4.67
6,993,769
6,993,769
10,455,916
10,455,916
10,455,916
10,455,916
125,509,820
125,509,820
56,095,524
13,999,668
17,496,745
17,599,111
7,000,000
4.67
4.67
6.98
6.98
6.98
6.98
83.81
83.81
37.47
9.35
11.69
11.76
4.67
40,936,697
27.33
6,998,257
4.67
4,954,004
13,998,519
13,993,286
7,990,888
6,998,257
21,479,342
1,451,343
5,224,741
9,142,921
2,902,837
2,757,500
1,257,395
1,257,395
1,257,395
5
951
97,382
19,159
19,746
1,449
4,861
7,351
42,010
24,782
447,730
3.31
9.34
9.34
5.34
4.67
14.34
7,500,000
5,000,000
8,000,000
35,000,000
18,000,000
9,000,000
9,000,000
10,000,000
10,000,000
20,000,000
10,000,000
GBP(C)/USD(P)OTC - 1.59 - 06.02.14 CALL
GBP(P)/INR(C)OTC - 94.00 - 17.01.14 PUT
GBP(P)/JPY(C)OTC - 154.00 - 17.01.14 PUT
NOK(C)/VS (P)OTC - 1.12 - 08.05.14 CALL
NZD(P)/CAD(C)OTC - 0.84 - 23.01.14 PUT
USD(C)/CHF(P)OTC - 0.95 - 27.05.14 CALL
USD(C)/CHF(P)OTC - 1.05 - 27.05.14 CALL
USD(C)/JPY(P)OTC - 105.00 - 21.01.14 CALL
USD(C)/MXN(P)OTC - 14.70 - 09.06.14 CALL
USD(P)/CAD(C)OTC - 1.01 - 21.03.14 PUT
USD(P)/MXN(C)OTC - 12.30 - 09.06.14 PUT
EUR
% of NaV
7,000,000 FORTIS BANK LUXEMBOURG 0% 17/04/2014
96.30
Market Value
Luxembourg
144,216,900
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Short positions
363,886
50
1
10,328
5,048
35,154
6,127
65,763
67,560
9,073
28,979
-1,200,160
0.24
0.00
0.00
0.01
0.00
0.02
0.00
0.04
0.05
0.01
0.02
-0.80
Derivative instruments
-1,200,160
-0.80
Options
-20,000,000
-5,000,000
-10,000,000
-20,000,000
-12,000,000
-14,500,000
-5,000,000
-8,000,000
-10,000,000
-8,000,000
-35,000,000
-35,000,000
-18,000,000
-18,000,000
-18,000,000
-10,000,000
-10,000,000
-10,000,000
Luxembourg
CHF(P)/JPY(C)OTC - 100.00 - 23.01.14 PUT
EUR(C)/GBP(P)OTC - 0.86 - 12.02.14 CALL
EUR(C)/USD(P)OTC - 1.40 - 25.04.14 CALL
EUR(C)/USD(P)OTC - 1.425 - 16.04.14 CALL
EUR(P)/USD(C)OTC - 1.28 - 21.02.14 PUT
EUR(P)/USD(C)OTC - 1.33 - 14.02.14 PUT
GBP(C)/INR(P)OTC - 105.20 - 26.02.14 CALL
GBP(C)/JPY(P)OTC - 162.00 - 17.01.14 CALL
GBP(P)/INR(C)OTC - 90.00 - 17.01.14 PUT
GBP(P)/JPY(C)OTC - 150.00 - 17.01.14 PUT
NOK(C)/VS (P)OTC - 1.15 - 08.05.14 CALL
NOK(P)/VS (C)OTC - 1.05 - 10.02.14 PUT
NZD(C)/CAD(P)OTC - 0.90 - 23.01.14 CALL
NZD(P)/CAD(C)OTC - 0.82 - 23.01.14 PUT
USD(C)/CHF(P)OTC - 0.99 - 27.05.14 CALL
USD(C)/JPY(P)OTC - 110.00 - 21.01.14 CALL
USD(C)/MXN(P)OTC - 14.00 - 09.06.14 CALL
USD(P)/CAD(C)OTC - 1.0285 - 21.03.14 PUT
0.97
3.49
6.10
1.94 Total securities portfolio
1.84
-1,200,160
-0.80
-1,200,160
-0.80
143,016,740
95.50
-4,441
-104,196
-94,500
-6,690
-27,500
-89,088
-665,069
-4,285
-22,210
-12,460
-1,197
-30,494
-933
-122,581
-14,516
0.00
0.00
-0.07
-0.06
0.00
-0.02
-0.06
-0.45
0.00
0.00
0.00
-0.01
-0.01
0.00
-0.02
0.00
-0.09
-0.01
0.84
0.84
0.84
0.00
0.00
0.00
0.07
0.01
0.01
0.00
0.00
0.00
0.03
0.02
0.31
The accompanying notes form an integral part of these financial statements
151
Absolute Bonds & Currencies
Securities Portfolio as at 31/12/13
Bonds
Portugal
500,000 PORTUGAL 6.40% 15/02/2016
Total securities portfolio
The accompanying notes form an integral part of these financial statements
152
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
529,215
5.29
529,215
5.29
529,215
5.29
529,215
529,215
529,215
5.29
5.29
5.29
Absolute Global Macro 2
Securities Portfolio as at 31/12/13
58,818,175
25.19
9,381,231
4.02
45,151,221
5,785,910
3,595,321
19.34
2.48
1.54
Netherlands
500,000 DUTCH MBS XVIII B.V. FRN 02/02/2045
2,500,000 HOLLAND MORTGAGE BACKED SERIES (HERMES)
XVIII BV FRN 18/09/2044
900,000 STORM 2012-I BV FRN 22/01/2054
United Kingdom
500,000 ARKLE MASTER ISSUER PLC SERIE 2006-1X
CLASS 5A1 FRN 17/05/2060
150,000 SILVERSTONE MASTER VAR 21/01/2055
EUR
% of NaV
7,850,000 CADES 1.75% 24/02/2015
3,350,000 CAISSE FRANCAISE DE FINANCEMENT LOCAL
3.75% 18/05/2016
93.65
Market Value
France
218,671,939
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
2,691,458
1.15
630,450
0.27
367,027
1,693,981
689,938
508,015
181,923
0.16
0.72
0.30
0.22
0.08
Guernsey
1,690,678
0.72
0.72 Share/Units of UCITS/UCIS
7,187,209
Ireland
1,724,531
0.74
France
2,413,128
15,736,195
6.74
Luxembourg
4,774,081
2.05
2,509,249
1.07
151,516,193
64.89
1,499,924
0.64
2,300,000 CREDIT SUISSE GROUP FINANCE 1.625%
06/03/2015
1,700,000 GE CAPITAL EUROPEAN FUNDING 2.00%
27/02/2015
Italy
9,200,000 ITALY BTP 2.25% 15/05/2016
6,100,000 ITALY BTP 4.50% 01/05/2023
Ivory Coast
2,700,000 AFRICAN DEVELOPMENT BANK 7.375% 06/04/2023
Netherlands
1,000,000 ING BANK NV FRN 14/03/2016
United Kingdom
3,400,000 COVENTRY BUILDING SOCIETY FRN 10/02/2015
United States of America
2,500,000 INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT 9.25% 15/07/2017
7,300,000 USA T-BONDSI 1.25% 15/07/2020
800,000 WELLS FARGO AND CO 1.25% 13/02/2015
Mortgage and asset backed securities
France
2,000,000 AUTONORIA FRN 25/02/2029
15,000,000 LOGGIAS 2003-1 VAR 24/11/2025
Germany
900,000 RED AND BLACK AUTO GERMANY 1 UG FRN
15/01/2023
1,690,678
1,724,531
9,348,580
6,387,615
2,509,249
1,001,230
1,001,230
4,146,897
4,146,897
8,961,210
2,303,603
6,072,250
585,357
13,666,954
5,808,869
2,002,532
3,806,337
496,089
496,089
0.74
4.00
2.74
0.43
1.78
1.78
3.84
0.99
2.60
0.25
5.85
2.48
0.86
1.62
0.21
0.21
0.39
Italy
695,099
0.30
1,000,000 SIENA MORTGAGES 07-5 S.P.A FRN 22/11/2070
Luxembourg
3,000,000 E-CARAT SA 0.852% 18/11/2020
695,099
2,381,451
2,381,451
3,442 AMUNDI BOND ASIAN LOCAL DEBT CLASS IU
2,400 AMUNDI FUNDS BOND GLOBAL EMERGING CORP
OU-C
0.43
904,050
904,050
0.069 AMUNDI GLOBAL EMERGENTS R
150 MONETAIRE BIO AMUNDI
1.07 Money market instrument
Ireland
900,000 FASTNET SECURITIES 9 LIMITED FRN 10/08/2053
Share/Units in investment funds
Bonds
France
1,500,000 FRANCE BTF 0% 30/01/2014
15,000,000
15,500,000
9,000,000
27,300,000
15,300,000
5,800,000
15,300,000
27,700,000
13,500,000
1.02
1.02
3,063,940
1,710,141
151,516,193
1,499,924
1.03
0.27
0.76
1.32
0.73
64.89
0.64
82,012,126
35.12
Spain
62,106,934
26.60
5,897,209
2.53
ITALY BOT 0% 13/06/2014
ITALY BOT 0% 14/01/2014
ITALY BOT 0% 14/02/2014
ITALY BOT 0% 14/03/2014
ITALY BOT 0% 31/01/2014
SPAIN 0% 16/05/2014
SPAIN 0% 18/07/2014
SPAIN 0% 20/06/2014
SPAIN 0% 24/01/2014
United Kingdom
2,200,000 BARCLAYS BANK PLC LONDON 0% 17/04/2014
500,000 DEUTSCHE BANK AG LONDON 0% 17/04/2014
3,200,000 LLOYDS TSB BANK PLC 0% 10/03/2014
Options
360,000
80,000
2,000,000
9,000,000
640,422
1,772,706
3.08
Italy
0.39 Derivative instruments
0.30
7,187,209
3.08
Luxembourg
EUR(P)/GBP(C)OTC - 0.80 - 10.02.14 PUT
EUR(P)/GBP(C)OTC - 0.80 - 10.02.14 PUT
EUR(P)/USD(C)OTC - 1.20 - 10.11.14 PUT
EUR(P)/USD(C)OTC - 1.20 - 10.11.14 PUT
14,954,250
15,497,683
8,995,751
27,269,120
15,295,322
5,783,704
15,231,644
27,594,644
13,496,942
2,198,584
499,536
3,199,089
1,150,362
1,150,362
732,660
17,100
3,800
7,895
35,528
6.40
6.64
3.85
11.68
6.55
2.48
6.52
11.82
5.78
0.94
0.21
1.38
0.49
0.49
0.31
0.01
0.00
0.00
0.02
The accompanying notes form an integral part of these financial statements
153
Absolute Global Macro 2
Securities Portfolio as at 31/12/13
United Kingdom
760 3MO EURO EURIBOR - 9,912.00 - 16.06.14 PUT
612
612
1,045
93
62
United States of America
CBOE S&P VOL INDEX - 20 - 19.02.14 CALL
CBOE S&P VOL INDEX - 21 - 22.01.14 CALL
EUROUSD - 99.25 - 13.06.14 PUT
US TBOND - 128.00 - 21.02.14 PUT
US TBOND - 128.00 - 24.01.14 PUT
EUR
% of NaV
USD(C)/CHF(P)OTC - 0.915 - 06.01.14 CALL
USD(C)/CHF(P)OTC - 0.915 - 06.01.14 CALL
USD(C)/CHF(P)OTC - 1.10 - 09.05.14 CALL
USD(C)/CHF(P)OTC - 1.10 - 09.05.14 CALL
USD(C)/CNY(P)OTC - 6.35 - 21.08.14 CALL
USD(C)/CNY(P)OTC - 6.35 - 21.08.14 CALL
USD(C)/JPY(P)OTC - 103.00 - 17.01.14 CALL
USD(C)/JPY(P)OTC - 103.00 - 17.01.14 CALL
USD(C)/JPY(P)OTC - 105.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 105.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 111.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 111.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 115.00 - 10.11.14 CALL
USD(C)/JPY(P)OTC - 115.00 - 10.11.14 CALL
USD(P)/JPY(C)OTC - 104.00 - 03.04.14 PUT
USD(P)/TRY(C)OTC - 1.98 - 28.02.14 PUT
USD(P)/TRY(C)OTC - 1.98 - 28.02.14 PUT
Market Value
Quantity
2,300,000
10,000,000
120,000
460,000
20,000,000
4,500,000
10,040,000
2,650,000
11,000,000
2,500,000
11,000,000
2,500,000
12,500,000
2,700,000
12,900,000
11,900,000
2,700,000
129
562
1,093
4,190
19,565
4,402
159,729
42,159
124,013
28,185
10,734
2,440
95,727
20,677
147,454
5,932
1,346
0.00
0.00
0.00
0.00
0.01
0.00
0.08
0.02
0.05
0.01
0.00
0.00
0.04
0.01
0.06
0.00
0.00
23,750
0.01
23,750
393,952
0.01
0.17
Short positions
24,428
7,550
222,773
99,128
40,073
-422,062
0.01
0.00
0.10
0.04
0.02
-0.18
Derivative instruments
-422,062
-0.18
-226,891
-0.10
Options
-4,600,000
-20,000,000
-4,500,000
-20,000,000
-5,000,000
-22,000,000
-10,040,000
-2,650,000
-25,800,000
-11,000,000
-2,500,000
Luxembourg
USD(C)/CHF(P)OTC - 0.94 - 06.01.14 CALL
USD(C)/CNY(P)OTC - 6.75 - 21.08.14 CALL
USD(C)/CNY(P)OTC - 6.75 - 21.08.14 CALL
USD(C)/JPY(P)OTC - 0.94 - 06.01.14 CALL
USD(C)/JPY(P)OTC - 108.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 108.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 110.00 - 17.01.14 CALL
USD(C)/JPY(P)OTC - 110.00 - 17.01.14 CALL
USD(P)/JPY(C)OTC - 101.00 - 03.04.14 PUT
USD(P)/JPY(C)OTC - 96.00 - 27.02.14 PUT
USD(P)/JPY(C)OTC - 96.00 - 27.02.14 PUT
United Kingdom
-760 3MO EURO EURIBOR - 9,937.00 - 16.06.14 PUT
-1,045
-93
-62
-93
United States of America
EUROUSD - 99.00 - 13.06.14 PUT
US TBOND - 123.00 - 21.02.14 PUT
US TBOND - 134.00 - 24.01.14 CALL
US TBOND - 136.00 - 21.02.14 CALL
Total securities portfolio
The accompanying notes form an integral part of these financial statements
154
-422,062
-4,267
-960
-15,025
-66,109
-358
-94
-135,387
-3,822
-869
-52,250
-52,250
-142,921
-123,236
-14,764
-703
-4,218
218,249,877
-0.18
0.00
0.00
0.00
0.00
-0.01
-0.03
0.00
0.00
-0.06
0.00
0.00
-0.02
-0.02
-0.06
-0.05
-0.01
0.00
0.00
93.47
Absolute Global Macro 4
Securities Portfolio as at 31/12/13
Italy
4,000,000 ITALY BTP 2.25% 15/05/2016
3,200,000 ITALY BTP 4.50% 01/05/2023
Mexico
100,000 MEXICO 9.50% 18/12/2014
Netherlands
1,000,000 ING BANK NV FRN 14/03/2016
950,000 NOMURA EUROPE FINANCE NV 5.125% 09/12/2014
United Kingdom
350,000 MORGAN STANLEY AND CO. INTERNATIONAL PLC
4.50% 29/10/2014
United States of America
5,400,000 USA T-BONDSI 1.25% 15/07/2020
1,300,000 WELLS FARGO AND CO 1.25% 13/02/2015
Mortgage and asset backed securities
Germany
300,000 RED AND BLACK AUTO GERMANY 1 UG FRN
15/01/2023
23,493,585
35.33
2,126,464
3.20
17,918,226
1,016,134
1,110,330
7,415,481
4,064,601
3,350,880
584,927
584,927
1,987,463
1,001,230
986,233
360,885
360,885
5,443,006
4,491,802
951,204
5,575,359
165,363
165,363
26.95
6.11
5.04
0.88
0.88
2.99
1.51
1.48
0.54
0.54
8.19
6.76
1.43
8.38
0.25
0.25
401,800
0.60
Italy
834,119
1.25
1,200,000 SIENA MORTGAGES 07-5 S.P.A FRN 22/11/2070
401,800
834,119
Luxembourg
793,817
Netherlands
1,531,969
1,000,000 E-CARAT SA 0.852% 18/11/2020
400,000 DUTCH MBS XVIII B.V. FRN 02/02/2045
600,000 HIGHWAY BV FRN 26/03/2024
1,300,000 STORM 2012-I BV FRN 22/01/2054
United Kingdom
800,000 ARKLE MASTER ISSUER PLC SERIE 2006-1X
CLASS 5A1 FRN 17/05/2060
800,000 FOSSE MASTER ISSUER PLC FRN 18/10/2054
400,000 SILVERSTONE MASTER VAR 21/01/2055
793,817
293,622
327,696
910,651
1,848,291
812,823
550,340
485,128
Share/Units in investment funds
France
0.141 AMUNDI GLOBAL EMERGENTS R
1.53 Money market instrument
1.67
Bonds
11.15
Italy
Ireland
400,000 FASTNET SECURITIES 9 LIMITED FRN 10/08/2053
Share/Units of UCITS/UCIS
0.60
1.25
1.19
1.19
2.30
0.44
0.49
1.37
2.79
1.23
0.83
0.73
7,200,000
5,700,000
7,400,000
3,000,000
ITALY BOT 0% 14/01/2014
ITALY BOT 0% 14/02/2014
ITALY BOT 0% 14/03/2014
ITALY BOT 0% 31/01/2014
Spain
3,500,000 SPAIN 0% 14/03/2014
2,000,000 SPAIN 0% 16/05/2014
4,000,000 SPAIN 0% 20/06/2014
Derivative instruments
Options
Germany
115 EURO STOXX 50 EUR - 2,900 - 17.01.14 PUT
250,000
6,500,000
8,000,000
390,000
16,700,000
8,390,000
8,100,000
8,100,000
9,000,000
7,400,000
8,500,000
Luxembourg
EUR(P)/GBP(C)OTC - 0.80 - 10.02.14 PUT
EUR(P)/USD(C)OTC - 1.20 - 10.11.14 PUT
USD(C)/CHF(P)OTC - 0.915 - 06.01.14 CALL
USD(C)/CHF(P)OTC - 1.10 - 09.05.14 CALL
USD(C)/CNY(P)OTC - 6.35 - 21.08.14 CALL
USD(C)/JPY(P)OTC - 103.00 - 17.01.14 CALL
USD(C)/JPY(P)OTC - 105.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 111.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 115.00 - 10.11.14 CALL
USD(P)/JPY(C)OTC - 104.00 - 03.04.14 PUT
USD(P)/TRY(C)OTC - 1.98 - 28.02.14 PUT
United Kingdom
416 3MO EURO EURIBOR - 9,912.00 - 16.06.14 PUT
388
388
572
28
56
38
United States of America
CBOE S&P VOL INDEX - 20 - 19.02.14 CALL
CBOE S&P VOL INDEX - 21 - 22.01.14 CALL
EUROUSD - 99.25 - 13.06.14 PUT
S&P 500 INDEX - 1,750 - 22.03.14 CALL
US TBOND - 128.00 - 21.02.14 PUT
US TBOND - 128.00 - 24.01.14 PUT
EUR
% of NaV
1,400,000 BNP PARIBAS FRN 10/01/2014
1,000,000 SAINT GOBAIN (CIE) 4.75% 11/04/2017
87.93
Market Value
France
58,471,198
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
1,308,688
1.97
1,308,688
1.97
1,308,688
1,308,688
32,754,742
32,754,742
1.97
1.97
49.26
49.26
23,286,803
35.02
9,467,939
14.24
7,198,898
5,697,266
7,391,571
2,999,068
3,496,081
1,992,342
3,979,516
914,183
914,183
5,520
10.83
8.57
11.11
4.51
5.26
3.00
5.98
1.37
1.37
0.01
5,520
0.01
11,875
25,659
450
3,552
16,337
133,479
91,318
7,904
68,924
84,586
4,237
0.02
0.04
0.00
0.01
0.02
0.19
0.14
0.01
0.10
0.13
0.01
448,321
13,000
13,000
447,342
15,487
4,787
121,938
220,879
59,690
24,561
0.67
0.02
0.02
0.67
0.02
0.01
0.18
0.33
0.09
0.04
The accompanying notes form an integral part of these financial statements
155
Absolute Global Macro 4
Securities Portfolio as at 31/12/13
% of NaV
Market Value
Quantity
EUR
Short positions
-243,680
-0.37
Derivative instruments
-243,680
-0.37
-133,020
-0.21
Options
-16,000,000
-16,700,000
-16,200,000
-8,390,000
-14,800,000
-8,100,000
Luxembourg
USD(C)/CHF(P)OTC - 0.94 - 06.01.14 CALL
USD(C)/CNY(P)OTC - 6.75 - 21.08.14 CALL
USD(C)/JPY(P)OTC - 108.00 - 27.02.14 CALL
USD(C)/JPY(P)OTC - 110.00 - 17.01.14 CALL
USD(P)/JPY(C)OTC - 101.00 - 03.04.14 PUT
USD(P)/JPY(C)OTC - 96.00 - 27.02.14 PUT
United Kingdom
-416 3MO EURO EURIBOR - 9,937.00 - 16.06.14 PUT
-572
-28
-56
-38
-56
United States of America
EUROUSD - 99.00 - 13.06.14 PUT
S&P 500 INDEX - 1,375 - 22.03.14 PUT
US TBOND - 123.00 - 21.02.14 PUT
US TBOND - 134.00 - 24.01.14 CALL
US TBOND - 136.00 - 21.02.14 CALL
Total securities portfolio
The accompanying notes form an integral part of these financial statements
156
-243,680
-3,563
-48,680
-299
-77,664
-2,814
-28,600
-28,600
-82,060
-67,456
-2,743
-8,890
-431
-2,540
58,227,518
-0.37
0.00
-0.01
-0.07
0.00
-0.13
0.00
-0.04
-0.04
-0.12
-0.11
0.00
-0.01
0.00
0.00
87.56
Absolute Statistical Arbitrage
Securities Portfolio as at 31/12/13
France
500,000 BANQUE POSTALE (LA) VAR 21/01/2014
500,000 DANONE GROUPE 0% 25/02/2014
500,000 GECINA 0% 17/02/2014
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
4 AMUNDI TRESO EONIA ISR I C
8 MONETAIRE BIO AMUNDI
Money market instrument
Bonds
Denmark
500,000 DANSKE BANK AS 0% 03/03/2014
France
500,000 LA POSTE 0% 14/01/2014
1,000,000 LASER COFINOGA VAR 13/01/2014
Germany
500,000 BAYER AG 0% 04/03/2014
Luxembourg
500,000 ENEL FINANCE INTERNATIONAL SA 0% 16/01/2014
Netherlands
500,000 ADECCO INT FINL SERVICES BV 0% 21/01/2014
500,000 CORIO NV 0% 15/01/2014
Switzerland
500,000 REED ELSEVIER PROPERTIES SA 0% 21/02/2014
United Kingdom
500,000 AVIVA PLC 0% 25/02/2014
1,000,000 LLOYDS TSB BANK PLC 0% 13/02/2014
500,000 VODAFONE GROUP PLC 0% 10/03/2014
United States of America
500,000 HEWLETT PACKARD CO 0% 15/01/2014
1,499,696
14.52
-
0.00
-
1,499,696
1,499,696
500,000
499,856
499,840
971,028
971,028
971,028
876,484
94,544
0.00
0.00
14.52
9.40
9.40
9.40
8.48
0.92
499,759
4.84
499,829
4.84
499,931
499,931
999,906
499,950
499,956
499,870
499,870
Total securities portfolio
0.26
27,125
0.26
3,600
5,850
11,725
5,950
-15,600
0.03
0.06
0.11
0.06
-0.15
-15,600
-0.15
-15,600
-15,600
-10,300
-5,300
9,480,392
-0.15
-0.15
-0.10
-0.05
91.81
4.84
4.84
4.84
9.68
4.84
4.84
4.84
4.84
19.37
499,913
4.84
499,913
-50 EURO STOXX 50 EUR - 3,050 - 17.01.14 PUT
-50 EURO STOXX 50 EUR - 3,200 - 17.01.14 CALL
27,125
4.84
9.69
1,998,974
499,852
999,428
499,694
Germany
0.26
4.84
14.53
499,829
EURO STOXX 50 EUR - 2,950 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,000 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,100 - 17.01.14 CALL
EURO STOXX 50 EUR - 3,150 - 17.01.14 CALL
27,125
67.78
1,499,961
499,961
1,000,000
50
50
25
25
4.84
Derivative instruments
4.84
4.84
Options
67.78
499,759
Options
Germany
14.52 Short positions
6,998,143
6,998,143
Derivative instruments
EUR
% of NaV
Bonds
91.96
Market Value
529 MARRIOTT INTL ORD REG
9,495,992
Quantity
Shares
United States of America
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
4.84
9.69
4.84
4.84
The accompanying notes form an integral part of these financial statements
157
Absolute Equity Market Neutral
Securities Portfolio as at 31/12/13
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
3 AMUNDI TRESO EONIA ISR I C
12 MONETAIRE BIO AMUNDI
Money market instrument
Bonds
Belgium
500,000 VOLKSWAGEN GROUP SERVICES SCS 0%
07/02/2014
Bermuda
22.96
400,000
1,000,000
499,856
499,840
799,179
799,179
799,179
657,363
141,816
7.65
7.65
7.65
6.29
1.36
6,798,552
65.03
499,905
4.78
6,798,552
499,905
65.03
4.78
2,299,512
21.99
Netherlands
1,499,891
14.35
Switzerland
499,870
4.78
AUCHAN SA 0% 31/03/2014
CREDIT LYONNAIS VAR 22/01/2014
SOCIETE GENERALE 0% 17/01/2014
UNIBAIL RODAMCO 0% 20/01/2014
VIVENDI 0% 05/02/2014
United Kingdom
500,000 AVIVA PLC 0% 25/02/2014
500,000 DIAGEO FINANCE PLC 0% 15/01/2014
500,000 VODAFONE GROUP PLC 0% 10/03/2014
Derivative instruments
Options
Germany
EURO STOXX 50 EUR - 2,950 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,000 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,100 - 17.01.14 CALL
EURO STOXX 50 EUR - 3,150 - 17.01.14 CALL
The accompanying notes form an integral part of these financial statements
499,868
499,682
400,000
399,974
499,963
499,893
499,950
499,955
499,986
499,870
4.78
4.78
3.83
3.83
4.77
4.78
4.78
4.78
4.79
4.78
1,499,506
14.35
27,125
0.26
499,852
499,960
499,694
27,125
27,125
3,600
5,850
11,725
5,950
Options
Germany
-50 EURO STOXX 50 EUR - 3,050 - 17.01.14 PUT
3.83
-50 EURO STOXX 50 EUR - 3,200 - 17.01.14 CALL
9.57
4.78 Total securities portfolio
4.78
France
500,000 REED ELSEVIER PROPERTIES SA 0% 21/02/2014
158
2,399,696
22.96
4.78
500,000 ADECCO INT FINL SERVICES BV 0% 21/01/2014
500,000 CORIO NV 0% 15/01/2014
500,000 TELEFONICA EUROPE BV 0% 03/01/2014
50
50
25
25
22.96 Derivative instruments
2,399,696
499,868
500,000 KELLOGG EUROPE CO LTD 0% 19/02/2014
500,000
400,000
400,000
500,000
500,000
2,399,696
4.78
4.79
4.78
0.26
0.26
0.03
0.06
0.11
0.06
EUR
-15,600
-15,600
-15,600
-15,600
-10,300
-5,300
10,008,952
% of NaV
BANQUE POSTALE (LA) VAR 21/01/2014
BANQUE SOLFEA VAR 06/01/2014
DANONE GROUPE 0% 25/02/2014
GECINA 0% 17/02/2014
95.90 Short positions
Market Value
400,000
1,000,000
500,000
500,000
France
Quantity
Bonds
EUR
10,024,552
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
-0.15
-0.15
-0.15
-0.15
-0.10
-0.05
95.75
Absolute High Yield
Securities Portfolio as at 31/12/13
300,000
1,000,000
500,000
310,000
800,000
1,400,000
400,000
350,000
France
AIR FRANCE - KLM 6.75% 27/10/2016
BANQUE PSA FINANCE 6.00% 16/07/2014
CROWN EURO HOLDINGS 7.125% 15/08/2018
FAURECIA 9.375% 15/12/2016
LAFARGE SA 5.375% 26/06/2017
PERNOD RICARD 7.00% 15/01/2015
REMY COINTREAU SA 5.18% 15/12/2016
RENAULT CREDIT INTERNATIONAL BANQUE
2.125% 24/11/2014
500,000 RENAULT CREDIT INTERNATIONAL BANQUE
5.625% 05/10/2015
1,000,000 TEREOS EUROPE 6.375% 15/04/2014
600,000 WENDEL INVESTISSEMEN 4.875% 26/05/2016
400,000
100,000
400,000
400,000
Germany
DEUTSCHE LUFTHANSA A 6.75% 24/03/2014
FRANZ HANIEL UND CIE GMBH VAR 01/02/2017
SGL CARBON SE FRN 15/05/2015
THYSSENKRUPP AG 4.375% 18/03/2015
Ireland
300,000 ARDAGH GLASS FINANCE PLC 9.25% 01/07/2016
800,000 FGA CAPITAL IRELAND PLC 5.25% 28/02/2014
Italy
500,000 BUZZI UNICEM 5.125% 09/12/2016
Liberia
400,000 ROYAL CARIBBEAN CRUISES LTD 5.625%
27/01/2014
400,000
200,000
500,000
1,000,000
700,000
480,000
28,780,277
49.49
211,000
0.36
28,780,277
211,000
7,617,500
327,882
1,023,390
532,500
369,210
882,760
1,488,438
444,936
353,514
537,980
1,016,270
640,620
1,329,507
49.49
0.36
13.09
0.56
1.75
0.92
0.63
1.52
2.55
0.77
0.61
0.93
1.75
1.10
2.29
401,000
0.92
6.15
Netherlands
7,280,560
12.52
350,640
0.60
1,250,000 CONTI-GUMMI FINANCE BV 2.50% 20/03/2017
500,000 EDP FINANCE BV 4.75% 26/09/2016
500,000 GMAC INTERNATIONAL FINANCE BV 7.50%
21/04/2015
300,000 HEIDELBERGER ZEMENT FINANCE BV 8.00%
31/01/2017
3,000,000 NETHERLANDS 3.75% 15/07/2014
400,000 CAMPOFRIO ALIMENTACI 8.25% 31/10/2016
1,500,000 GAS NATURAL CAPITAL MARKETS SA 5.625%
09/02/2017
400,000 OBRASCON HUARTE LAIN SA 7.375% 28/04/2015
United Kingdom
800,000 FCE BANK PLC 5.125% 16/11/2015
1,500,000 OTE PLC 7.25% 12/02/2015
Share/Units of UCITS/UCIS
Share/Units in investment funds
France
0.033 AMUNDI TRESO COURT TERME PART I C
1 AMUNDI TRESO 3 MOIS I C
1,294,725
528,510
534,375
3,056,040
Total securities portfolio
420,000
1,687,257
428,240
2,598,894
1,022,769
1,576,125
1,440,057
1,440,057
1,440,057
621
1,439,436
21,993,407
21,993,407
2.71
4.36
0.72
2.90
0.74
4.47
1.76
2.71
2.48
2.48
2.48
0.00
2.48
37.82
37.82
21,993,407
37.82
52,213,741
89.79
1,999,644
4,999,487
9,999,598
999,975
3,994,703
3.44
8.60
17.19
1.72
6.87
0.69
3,574,468
478,890
222,385
520,893
1,109,112
735,819
507,369
0.72
1.99
2,535,497
0.69
534,156
419,608
1,157,519
Spain
401,000
315,000
805,568
1.03
0.83
0.75
1,577,127
534,156
1,120,568
EUR
601,772
480,184
434,314
Portugal
400,000 BANCO ESPIRITO SANTO 5.875% 09/11/2015
1,100,000 CAIXA GERAL DE DEPOSITOS 5.625% 04/12/2015
0.70 Money market instrument
0.19
Bonds
0.69
France
0.71
2,000,000 FRANCE BTF 0% 03/04/2014
1.93
5,000,000 FRANCE BTF 0% 06/02/2014
0.54
10,000,000 FRANCE BTF 0% 09/01/2014
1.39
1,000,000 FRANCE BTF 0% 16/01/2014
4,000,000 FRANCE BTF 0% 18/09/2014
0.92
405,132
112,820
399,520
412,035
Luxembourg
ARCELORMITTAL SA VAR 03/06/2016
CLARIANT FINANCE 5.625% 24/01/2017
FIAT FINANCE AND TRADE LTD 5.25% 11/03/2015
FIAT FINANCE AND TRADE LTD 7.75% 17/10/2016
HEIDELBERGCEMENT FINANCE 7.50% 31/10/2014
WIND ACQUISITION FINANCE SA 7.375% 15/02/2018
575,000 PHOENIX PIB FINANCE 9.625% 15/07/2014
415,000 SCHAEFFLER FINANCE BV 7.75% 15/02/2017
420,000 ZIGGO 6.125% 15/11/2017
% of NaV
200,000 AGROKOR DD 10.00% 07/12/2016
89.79
Market Value
Croatia
52,213,741
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
0.82
0.38
0.90
1.91
1.27
0.87
2.23
0.91
0.92
5.25
The accompanying notes form an integral part of these financial statements
159
Absolute Volatility Arbitrage
Securities Portfolio as at 31/12/13
19,149
165,017
1,713
20,577
56,681
19,536
1,616
57,508
33,150
8,428
2,947
9,405
43,830
1
21,724
12,260
12,473
3,260
20,822
2,475
47,275
France
ALSTOM
AXA
BNP PARIBAS
BOUYGUES
CAP GEMINI SA
CARREFOUR SA
LAFARGE SA
RENAULT SA
SANOFI
SCHNEIDER ELECTRIC SA
SOCIETE GENERALE A
TOTAL
VINCI SA
VIVENDI
Germany
ADIDAS NOM
BASF SE
BAYERISCHE MOTORENWERKE
CONTINENTAL AG
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE POST AG-NOM
Italy
219,200 INTESA SANPAOLO SPA
55,000 UNICREDIT SPA REGR
Netherlands
16,044 AIRBUS GROUP
153 ING GROEP NV-CVA
81,175 ROYAL PHILIPS NV
Spain
132,000 BANCO SANTANDER SA
Switzerland
5,400 NOVARTIS AG-NOM
32,774 UBS AG NOM
United States of America
2,550 CATERPILLAR INC
Bonds
Switzerland
345,000 SCHINDLER HOLDING AG 0.375% 05/06/2017 CV
The accompanying notes form an integral part of these financial statements
160
35,892,089
16.83
38,509
0.02
29,799,879
38,509
17,025,838
506,970
3,334,993
97,041
564,221
2,784,738
562,832
88,024
3,361,342
2,556,528
534,335
124,422
418,805
2,091,568
19
7,193,444
2,012,511
950,027
1,062,949
519,644
1,309,704
85,821
1,252,788
689,145
393,245
295,900
3,059,869
895,416
1,545
2,162,908
858,792
858,792
766,231
313,733
452,498
168,051
168,051
290,464
290,464
290,464
13.97
0.02
7.99
Convertible bonds
0.18
0.14
1.43
0.42
0.00
1.01
0.40
0.40
0.36
0.15
0.21
0.08
0.08
0.14
0.14
0.14
2.72
2,330,729
1.09
Hungary
1,036,720
0.49
1,200,000 SAGERPAR 0.375% 09/10/2018 CV
1,500,000 SOFINA SA 1.00% 19/09/2016 CV
1,000,000 MNV MAGYAR NEMZETIN VAGYONKEZ 3.375%
02/04/2019 CV
France
555 CAP GEMINI SA - 44.00 - 21.03.14 PUT
415 RENAULT SA - 56.00 - 21.03.14 PUT
720
670
1,100
1,100
3,300
2,750
540
1,375
1,375
520
275
275
550
275
275
1,375
1,047
5,801,746
Belgium
Netherlands
0.24
1.56
2,300,000 ACS ACTIVIDADES FINANCE 2.625% 22/10/2018 CV
0.05
0.26 Share/Units of UCITS/UCIS
1.31
Share/Units in investment funds
0.26
France
0.04
82 AMUNDI TRESO EONIA ISR I C
1.58
1.20
Money market instrument
0.25
0.06
Bonds
0.20
France
0.98
12,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
0.00
10/02/2014
3.37
5,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
10/02/2014
0.94
11,500,000 CREDIT AGRICOLE SA VAR 10/02/2014
0.45
8,000,000 NATIXIS BANQUES POPULAIRES VAR 13/03/2014
0.50
8,000,000 NATIXIS BANQUES POPULAIRES VAR 24/06/2014
0.24
0.61 Derivative instruments
0.04
Options
0.59
0.32
EUR
% of NaV
2,447 GOLDCORP
48.75
Market Value
Canada
103,981,511
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Germany
AIRBUS GROUP - 46.00 - 21.03.14 PUT
AIRBUS GROUP - 50.00 - 21.03.14 PUT
ALSTOM - 27.00 - 21.02.14 CALL
ALSTOM - 28.00 - 21.02.14 CALL
AXA - 18.00 - 21.03.14 PUT
BANCO SANTANDER SA - 6.50 - 19.12.14 PUT
BASF SE - 76.00 - 21.03.14 PUT
BCO BILBAO VIZCAYA - 7.50 - 19.12.14 PUT
BCO BILBAO VIZCAYA - 9.50 - 19.12.14 CALL
BMW - 80.00 - 21.03.14 CALL
BNP PARIBAS - 52.00 - 19.12.14 PUT
BNP PARIBAS - 64.00 - 19.12.14 CALL
BOUYGUES - 25.00 - 17.01.14 PUT
DEUTSCHE BANK AG-NOM - 32.00 - 19.12.14 PUT
DEUTSCHE BANK AG-NOM - 38.00 - 19.12.14 CALL
DEUTSCHE POST AG-NOM - 24.00 - 21.03.14 PUT
EURO STOXX 50 EUR - 2,950 - 17.01.14 CALL
1,229,952
1,100,777
1,036,720
0.57
0.52
0.49
2,434,297
1.14
17,967,907
8.42
2,434,297
17,967,907
17,967,907
17,967,907
44,503,089
44,503,089
1.14
8.42
8.42
8.42
20.87
20.87
44,503,089
20.87
5,000,000
2.34
12,001,171
11,500,915
8,001,003
8,000,000
5,618,426
5,618,426
131,955
5.64
5.39
3.75
3.75
2.63
2.63
0.06
41,070
90,885
0.02
0.04
21,600
55,610
93,500
57,200
82,500
239,250
108,000
56,375
70,125
354,640
118,800
67,100
3,850
62,425
46,750
42,625
1,746,396
0.01
0.03
0.04
0.03
0.04
0.11
0.05
0.03
0.03
0.17
0.06
0.03
0.00
0.03
0.02
0.02
0.81
4,098,443
1.93
Absolute Volatility Arbitrage
Securities Portfolio as at 31/12/13
140
1,350
680
1,560
Switzerland
CIE FIN RICHEMONT SA - 92.00 - 21.03.14 PUT
UBS AG NOM - 17.00 - 21.03.14 CALL
UBS AG NOM - 17.00 - 21.03.14 PUT
UBS AG NOM - 18.00 - 21.03.14 PUT
United States of America
915 BARRICK GOLD (US) - 35.00 - 18.01.14 CALL
610 GOLDCORP - 40.00 - 18.01.14 CALL
610 NEWMONT MINING - 45.00 - 18.01.14 CALL
43,450
11,640
164,780
0.02
0.01
0.07
219,870
817,462
817,462
349,147
62,260
72,705
41,061
173,121
1,549
0.10
0.38
0.38
0.16
0.03
0.03
0.02
0.08
0.00
Short positions
663
443
443
-8,483,607
0.00
0.00
0.00
-3.98
Derivative instruments
-8,483,607
-3.98
France
-610,485
-0.29
Options
-555
-825
-825
-825
-1,300
-525
-670
-550
-550
-4,640
-1,160
-2,200
-2,750
-1,080
-540
-520
-520
-1,090
-550
-550
-275
CAP GEMINI SA - 40.00 - 21.03.14 PUT
CAP GEMINI SA - 48.00 - 21.03.14 CALL
CARREFOUR SA - 26.00 - 21.03.14 PUT
CARREFOUR SA - 30.00 - 21.03.14 CALL
SANOFI - 80.00 - 21.03.14 CALL
Germany
ADIDAS NOM - 92.00 - 21.03.14 CALL
AIRBUS GROUP - 42.00 - 21.03.14 PUT
ALSTOM - 25.00 - 21.02.14 CALL
ALSTOM - 30.00 - 21.02.14 CALL
AXA - 17.00 - 21.03.14 PUT
AXA - 18.00 - 21.03.14 CALL
AXA - 20.00 - 21.03.14 CALL
BANCO SANTANDER SA - 5.25 - 21.03.14 PUT
BASF SE - 72.00 - 21.03.14 PUT
BASF SE - 80.00 - 21.03.14 CALL
BMW - 84.00 - 21.03.14 CALL
BMW - 88.00 - 21.03.14 CALL
BOUYGUES - 26.00 - 21.03.14 PUT
BOUYGUES - 28.00 - 21.03.14 CALL
BOUYGUES - 30.00 - 21.03.14 CALL
CONTINENTAL AG - 160.00 - 21.03.14 CALL
-8,483,607
-12,210
-249,150
-42,900
-80,025
-226,200
-6,181,442
-211,575
-5,360
-107,800
-8,800
-55,680
-277,240
-217,800
-11,000
-96,120
-84,780
-218,920
-121,160
-99,190
-66,000
-30,800
-204,325
-3.98
-0.01
-0.11
-0.02
-0.04
-0.11
-2.90
-550
-1,375
-2,750
-276
-1,876
-314
-1,047
-1,047
-1,103
-1,100
-1,100
-685
-275
-410
-410
-420
-660
-275
-560
-810
-580
DAIMLER - 64.00 - 21.03.14 CALL
DEUTSCHE POST AG-NOM - 22.00 - 21.03.14 PUT
DEUTSCHE POST AG-NOM - 26.00 - 21.03.14 CALL
EURO STOXX 50 EUR - 2,500 - 20.06.14 CALL
EURO STOXX 50 EUR - 2,500 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,800 - 17.01.14 PUT
EURO STOXX 50 EUR - 2,950 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,100 - 17.01.14 CALL
EURO STOXX 50 EUR - 3,200 - 17.01.14 CALL
EURO STOXX BANKS - 120 - 19.12.14 PUT
EURO STOXX BANKS - 150 - 19.12.14 CALL
INTESA SANPAOLO SPA - 1.30 - 20.03.14 PUT
SCHNEIDER ELECTR SA - 52.00 - 17.01.14 PUT
SCHNEIDER ELECTR SA - 54.00 - 21.03.14 PUT
SCHNEIDER ELECTR SA - 64.00 - 21.03.14 CALL
SCHNEIDER ELECTR SA - 68.00 - 21.03.14 CALL
TOTAL SA - 42.00 - 21.03.14 PUT
UNICREDIT SPA - 4.40 - 20.03.14 PUT
VINCI SA - 44.00 - 21.03.14 PUT
VINCI SA - 48.00 - 21.03.14 CALL
VINCI SA - 50.00 - 21.03.14 CALL
-1,160
-1,160
-1,070
-1,070
ROYAL PHILIPS NV - 22.00 - 21.03.14 PUT
ROYAL PHILIPS NV - 25.00 - 21.03.14 CALL
ROYAL PHILIPS NV - 27.00 - 21.03.14 CALL
ROYAL PHILIPS NV - 28.00 - 21.03.14 CALL
Netherlands
Singapore
-263 NIKKEI 225 SIMEX FUT - 17,000 - 12.12.14 CALL
-280
-1,360
-1,360
-1,340
Switzerland
CIE FIN RICHEMONT SA - 82.00 - 21.03.14 PUT
UBS AG NOM - 15.50 - 21.03.14 PUT
UBS AG NOM - 16.00 - 21.03.14 PUT
UBS AG NOM - 18.00 - 21.03.14 CALL
United States of America
-1,374 BARRICK GOLD (US) - 45.00 - 18.01.14 CALL
-1,220 GOLDCORP - 50.00 - 18.01.14 CALL
-0.10
-1,220 NEWMONT MINING - 55.00 - 18.01.14 CALL
0.00
-83 S&P 500 INDEX - 1,650 - 22.03.14 PUT
-0.05
-55 S&P 500 INDEX - 1,850 - 22.03.14 CALL
0.00
-0.03 Total securities portfolio
-0.13
-0.10
-0.01
-0.05
-0.04
-0.10
-0.06
-0.05
-0.03
-0.01
-0.10
EUR
% of NaV
Singapore
667 NIKKEI 225 SIMEX FUT - 13,000 - 12.12.14 PUT
0.20
0.05
0.05
0.03
0.02
0.06
0.01
Market Value
550 HEINEKEN NV - 49.00 - 17.01.14 CALL
2,910 ING GROEP NV-CVA - 8.00 - 21.03.14 PUT
1,070 ROYAL PHILIPS NV - 26.00 - 21.03.14 CALL
425,544
101,380
102,300
59,860
42,025
123,338
17,250
Quantity
Netherlands
EUR
% of NaV
EURO STOXX 50 EUR - 3,400 - 20.06.14 CALL
INTESA SANPAOLO SPA - 1.60 - 18.12.14 PUT
SCHNEIDER ELECTR SA - 60.00 - 17.01.14 CALL
SOCIETE GENERALE A - 38.00 - 19.12.14 PUT
SOCIETE GENERALE A - 48.00 - 19.12.14 CALL
UNICREDIT SPA - 4.80 - 18.12.14 PUT
VINCI SA - 46.00 - 17.01.14 PUT
Market Value
Quantity
2,086
685
275
205
205
275
690
-117,150
-12,375
-387,750
-1,549,188
-373,324
-8,478
-75,384
-491,043
-116,918
-346,500
-440,000
-3,425
-275
-17,630
-111,520
-53,760
-34,980
-11,962
-32,480
-132,030
-48,720
-0.05
-0.01
-0.18
-0.72
-0.18
0.00
-0.04
-0.22
-0.05
-0.16
-0.21
0.00
0.00
-0.01
-0.05
-0.03
-0.02
-0.01
-0.02
-0.06
-0.02
-13,920
-256,360
-108,070
-66,340
-0.01
-0.12
-0.05
-0.03
-920,676
-0.43
-444,690
-920,676
-125,092
-29,017
-25,524
-38,841
-31,710
-201,222
-997
-885
-885
-46,380
-152,075
95,497,904
-0.21
-0.43
-0.06
-0.01
-0.01
-0.03
-0.01
-0.09
0.00
0.00
0.00
-0.02
-0.07
44.77
The accompanying notes form an integral part of these financial statements
161
Absolute Volatility Arbitrage Plus
Securities Portfolio as at 31/12/13
10,322
118,844
1,220
16,850
40,339
14,750
1,323
39,259
26,775
5,337
2,100
181
33,161
17,136
9,133
10,011
2,665
15,143
1,800
36,319
France
ALSTOM
AXA
BNP PARIBAS
BOUYGUES
CAP GEMINI SA
CARREFOUR SA
LAFARGE SA
RENAULT SA
SANOFI
SCHNEIDER ELECTRIC SA
SOCIETE GENERALE A
TOTAL
VINCI SA
Germany
ADIDAS NOM
BASF SE
BAYERISCHE MOTORENWERKE
CONTINENTAL AG
DAIMLER
DEUTSCHE BANK AG-NOM
DEUTSCHE POST AG-NOM
Italy
161,600 INTESA SANPAOLO SPA
40,000 UNICREDIT SPA REGR
Netherlands
11,417 AIRBUS GROUP
1,260 ING GROEP NV-CVA
51,129 ROYAL PHILIPS NV
Spain
96,480 BANCO SANTANDER SA
Switzerland
3,900 NOVARTIS AG-NOM
2,587 UBS AG NOM
United States of America
1,635 CATERPILLAR INC
Bonds
Switzerland
600,000 SCHINDLER HOLDING AG 0.375% 05/06/2017 CV
The accompanying notes form an integral part of these financial statements
162
26,463,620
32.94
31,474
0.04
21,159,300
31,474
12,062,226
273,275
2,401,836
69,113
462,027
1,981,855
424,948
72,064
2,294,689
2,064,888
338,366
88,662
8,060
1,582,443
5,550,497
1,587,479
707,716
853,137
424,801
952,495
62,415
962,454
505,110
289,910
215,200
2,012,241
637,183
12,726
1,362,332
627,699
627,699
262,303
226,585
35,718
107,750
107,750
505,155
505,155
505,155
26.34
0.04
15.02
Convertible bonds
4,799,165
5.97
Belgium
1,451,323
1.81
Hungary
1,866,096
2.32
700,000 SAGERPAR 0.375% 09/10/2018 CV
1,000,000 SOFINA SA 1.00% 19/09/2016 CV
1,800,000 MNV MAGYAR NEMZETIN VAGYONKEZ 3.375%
02/04/2019 CV
Netherlands
0.34
2.98
1,400,000 ACS ACTIVIDADES FINANCE 2.625% 22/10/2018 CV
0.09
0.58 Share/Units of UCITS/UCIS
2.47
Share/Units in investment funds
0.53
France
0.09
20 AMUNDI TRESO EONIA ISR I C
2.86
2.57
Luxembourg
0.42
2,450 AMUNDI MONEY MARKET FUND SHORT TERM (USD)
0.11
OV C
0.01
1.97 Money market instrument
6.91
EUR
% of NaV
2,000 GOLDCORP
54.68
Market Value
Canada
43,928,948
Quantity
Shares
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
Bonds
1.97
France
0.88
3,000,000 NATIXIS BANQUES POPULAIRES VAR 13/03/2014
1.06
4,000,000 NATIXIS BANQUES POPULAIRES VAR 24/06/2014
0.53
1.19 Derivative instruments
0.08
Options
1.20
France
0.63
380 CAP GEMINI SA - 44.00 - 21.03.14 PUT
0.36
300 RENAULT SA - 56.00 - 21.03.14 PUT
0.27
Germany
2.50
440 AIRBUS GROUP - 46.00 - 21.03.14 PUT
0.79
510 AIRBUS GROUP - 50.00 - 21.03.14 PUT
0.02
800 ALSTOM - 27.00 - 21.02.14 CALL
1.69
800 ALSTOM - 28.00 - 21.02.14 CALL
0.78
2,400 AXA - 18.00 - 21.03.14 PUT
2,010 BANCO SANTANDER SA - 6.50 - 19.12.14 PUT
0.78
400 BASF SE - 76.00 - 21.03.14 PUT
0.33
1,000 BCO BILBAO VIZCAYA - 7.50 - 19.12.14 PUT
1,000 BCO BILBAO VIZCAYA - 9.50 - 19.12.14 CALL
0.29
420 BMW - 80.00 - 21.03.14 CALL
0.04
200 BNP PARIBAS - 52.00 - 19.12.14 PUT
0.13
200 BNP PARIBAS - 64.00 - 19.12.14 CALL
400 BOUYGUES - 25.00 - 17.01.14 PUT
0.13
200 DEUTSCHE BANK AG-NOM - 32.00 - 19.12.14 PUT
0.63
200 DEUTSCHE BANK AG-NOM - 38.00 - 19.12.14 CALL
0.63
1,005 DEUTSCHE POST AG-NOM - 24.00 - 21.03.14 PUT
876 EURO STOXX 50 EUR - 2,950 - 17.01.14 CALL
0.63
1,760 EURO STOXX 50 EUR - 3,400 - 20.06.14 CALL
505 INTESA SANPAOLO SPA - 1.60 - 18.12.14 PUT
717,472
733,851
1,866,096
0.89
0.92
2.32
1,481,746
1.84
6,175,251
7.69
1,481,746
6,175,251
4,382,417
4,382,417
1,792,834
1,792,834
7,000,000
7,000,000
7,000,000
3,000,000
4,000,000
4,290,077
4,290,077
93,820
1.84
7.69
5.46
5.46
2.23
2.23
8.71
8.71
8.71
3.73
4.98
5.34
5.34
0.12
28,120
65,700
0.03
0.09
13,200
42,330
68,000
41,600
60,000
174,870
80,000
41,000
51,000
286,440
86,400
48,800
2,800
45,400
34,000
31,155
1,461,168
359,040
74,740
0.02
0.05
0.08
0.05
0.07
0.22
0.10
0.05
0.06
0.36
0.11
0.06
0.00
0.06
0.04
0.04
1.83
0.45
0.09
3,253,093
4.05
Absolute Volatility Arbitrage Plus
Securities Portfolio as at 31/12/13
0.04
0.01
0.15
Singapore
569,894
465 NIKKEI 225 SIMEX FUT - 13,000 - 12.12.14 PUT
Switzerland
CIE FIN RICHEMONT SA - 92.00 - 21.03.14 PUT
UBS AG NOM - 17.00 - 21.03.14 CALL
UBS AG NOM - 17.00 - 21.03.14 PUT
UBS AG NOM - 18.00 - 21.03.14 PUT
United States of America
500 BARRICK GOLD (US) - 35.00 - 18.01.14 CALL
700 GOLDCORP - 40.00 - 18.01.14 CALL
670 NEWMONT MINING - 45.00 - 18.01.14 CALL
569,894
208,413
40,024
55,471
30,796
82,122
1,357
0.20
0.71
0.71
0.26
0.05
0.07
0.04
0.10
0.00
Short positions
363
508
486
-7,680,572
0.00
0.00
0.00
-9.56
Derivative instruments
-7,680,572
-9.56
France
-463,915
-0.58
Options
-380
-605
-605
-605
-1,050
-415
-510
-400
-400
-3,420
-700
-1,600
-2,010
-800
-400
-420
-420
-810
-400
-400
-200
-400
-1,005
CAP GEMINI SA - 40.00 - 21.03.14 PUT
CAP GEMINI SA - 48.00 - 21.03.14 CALL
CARREFOUR SA - 26.00 - 21.03.14 PUT
CARREFOUR SA - 30.00 - 21.03.14 CALL
SANOFI - 80.00 - 21.03.14 CALL
Germany
ADIDAS NOM - 92.00 - 21.03.14 CALL
AIRBUS GROUP - 42.00 - 21.03.14 PUT
ALSTOM - 25.00 - 21.02.14 CALL
ALSTOM - 30.00 - 21.02.14 CALL
AXA - 17.00 - 21.03.14 PUT
AXA - 18.00 - 21.03.14 CALL
AXA - 20.00 - 21.03.14 CALL
BANCO SANTANDER SA - 5.25 - 21.03.14 PUT
BASF SE - 72.00 - 21.03.14 PUT
BASF SE - 80.00 - 21.03.14 CALL
BMW - 84.00 - 21.03.14 CALL
BMW - 88.00 - 21.03.14 CALL
BOUYGUES - 26.00 - 21.03.14 PUT
BOUYGUES - 28.00 - 21.03.14 CALL
BOUYGUES - 30.00 - 21.03.14 CALL
CONTINENTAL AG - 160.00 - 21.03.14 CALL
DAIMLER - 64.00 - 21.03.14 CALL
DEUTSCHE POST AG-NOM - 22.00 - 21.03.14 PUT
-7,680,572
-8,360
-182,710
-31,460
-58,685
-182,700
-5,933,606
-167,245
-4,080
-78,400
-6,400
-41,040
-167,300
-158,400
-8,040
-71,200
-62,800
-176,820
-97,860
-73,710
-48,000
-22,400
-148,600
-85,200
-9,045
-9.56
-0.01
-0.23
-0.04
-0.07
-0.23
-7.38
-700
-700
-810
-810
DEUTSCHE POST AG-NOM - 26.00 - 21.03.14 CALL
EURO STOXX 50 EUR - 2,500 - 20.06.14 CALL
EURO STOXX 50 EUR - 2,500 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,800 - 17.01.14 PUT
EURO STOXX 50 EUR - 2,950 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,100 - 17.01.14 CALL
EURO STOXX 50 EUR - 3,200 - 17.01.14 CALL
EURO STOXX BANKS - 120 - 19.12.14 PUT
EURO STOXX BANKS - 150 - 19.12.14 CALL
INTESA SANPAOLO SPA - 1.30 - 20.03.14 PUT
SCHNEIDER ELECTR SA - 52.00 - 17.01.14 PUT
SCHNEIDER ELECTR SA - 54.00 - 21.03.14 PUT
SCHNEIDER ELECTR SA - 64.00 - 21.03.14 CALL
SCHNEIDER ELECTR SA - 68.00 - 21.03.14 CALL
TOTAL SA - 42.00 - 21.03.14 PUT
UNICREDIT SPA - 4.40 - 20.03.14 PUT
VINCI SA - 44.00 - 21.03.14 PUT
VINCI SA - 48.00 - 21.03.14 CALL
VINCI SA - 50.00 - 21.03.14 CALL
Netherlands
ROYAL PHILIPS NV - 22.00 - 21.03.14 PUT
ROYAL PHILIPS NV - 25.00 - 21.03.14 CALL
ROYAL PHILIPS NV - 27.00 - 21.03.14 CALL
ROYAL PHILIPS NV - 28.00 - 21.03.14 CALL
Singapore
-209 NIKKEI 225 SIMEX FUT - 17,000 - 12.12.14 CALL
-185
-1,020
-1,020
-1,010
Switzerland
CIE FIN RICHEMONT SA - 82.00 - 21.03.14 PUT
UBS AG NOM - 15.50 - 21.03.14 PUT
UBS AG NOM - 16.00 - 21.03.14 PUT
UBS AG NOM - 18.00 - 21.03.14 CALL
United States of America
-1,492 BARRICK GOLD (US) - 45.00 - 18.01.14 CALL
-1,400 GOLDCORP - 50.00 - 18.01.14 CALL
-0.21
-1,340 NEWMONT MINING - 55.00 - 18.01.14 CALL
-0.01
-67 S&P 500 INDEX - 1,650 - 22.03.14 PUT
-0.10
-45 S&P 500 INDEX - 1,850 - 22.03.14 CALL
-0.01
-0.05 Total securities portfolio
-0.21
-0.20
-0.01
-0.09
-0.08
-0.22
-0.12
-0.09
-0.06
-0.03
-0.18
-0.11
-0.01
EUR
% of NaV
31,600
7,160
124,740
163,500
-2,000
-449
-1,181
-263
-876
-876
-913
-800
-800
-505
-200
-300
-300
-300
-510
-200
-370
-600
-350
Market Value
0.09
0.05
0.04
0.11
0.02
Quantity
74,400
43,800
30,750
89,700
12,500
Netherlands
400 HEINEKEN NV - 49.00 - 17.01.14 CALL
1,790 ING GROEP NV-CVA - 8.00 - 21.03.14 PUT
810 ROYAL PHILIPS NV - 26.00 - 21.03.14 CALL
90
1,030
510
740
EUR
% of NaV
SCHNEIDER ELECTR SA - 60.00 - 17.01.14 CALL
SOCIETE GENERALE A - 38.00 - 19.12.14 PUT
SOCIETE GENERALE A - 48.00 - 19.12.14 CALL
UNICREDIT SPA - 4.80 - 18.12.14 PUT
VINCI SA - 46.00 - 17.01.14 PUT
Market Value
Quantity
200
150
150
200
500
-282,000
-2,520,237
-235,019
-7,101
-63,072
-410,844
-96,778
-252,000
-320,000
-2,525
-200
-12,900
-81,600
-38,400
-27,030
-8,700
-21,460
-97,800
-29,400
-0.35
-3.13
-0.29
-0.01
-0.08
-0.50
-0.12
-0.31
-0.40
0.00
0.00
-0.02
-0.10
-0.05
-0.03
-0.01
-0.03
-0.12
-0.04
-8,400
-154,700
-81,810
-50,220
-0.01
-0.20
-0.10
-0.06
-731,640
-0.91
-295,130
-731,640
-91,346
-0.37
-0.91
-0.11
-19,172
-19,143
-29,131
-23,900
-0.02
-0.02
-0.04
-0.03
-1,083
-1,016
-972
-37,440
-124,424
0.00
0.00
0.00
-0.05
-0.16
-164,935
36,248,376
-0.21
45.12
The accompanying notes form an integral part of these financial statements
163
Absolute Volatility Euro Equities
Securities Portfolio as at 31/12/13
% of NaV
Market Value
Quantity
EUR
Long positions
920,379,559
73.49
Share/Units of UCITS/UCIS
119,201,726
9.52
119,201,726
9.52
Share/Units in investment funds
France
544 AMUNDI TRESO EONIA ISR I C
Money market instrument
Bonds
France
75,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
10/02/2014
60,000,000 BPCE SA VAR 06/06/2014
60,000,000 CREDIT AGRICOLE SA VAR 10/02/2014
70,000,000 NATIXIS BANQUES POPULAIRES VAR 13/03/2014
40,000,000 NATIXIS BANQUES POPULAIRES VAR 24/06/2014
Derivative instruments
Options
13,250
55,015
125
26,735
13,925
9,538
13,840
20,965
9,035
23,825
8,200
17,200
14,442
13,728
5,417
5,417
Germany
EURO STOXX 50 EUR - 2,500 - 19.12.14 CALL
EURO STOXX 50 EUR - 2,500 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,500 - 20.06.14 CALL
EURO STOXX 50 EUR - 2,700 - 19.12.14 CALL
EURO STOXX 50 EUR - 2,700 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,700 - 20.06.14 CALL
EURO STOXX 50 EUR - 2,700 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,800 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,900 - 19.12.14 CALL
EURO STOXX 50 EUR - 2,900 - 19.12.14 PUT
EURO STOXX 50 EUR - 3,000 - 19.12.14 CALL
EURO STOXX 50 EUR - 3,000 - 19.12.14 PUT
EURO STOXX 50 EUR - 3,100 - 19.12.14 CALL
EURO STOXX 50 EUR - 3,100 - 19.12.14 PUT
EURO STOXX 50 EUR - 3,300 - 19.12.14 CALL
EURO STOXX 50 EUR - 3,300 - 19.12.14 PUT
119,201,726
119,201,726
9.52
9.52
305,000,000
24.35
305,000,000
24.35
305,000,000
75,000,000
60,000,000
60,000,000
70,000,000
40,000,000
24.35
5.99
4.79
4.79
5.59
3.19
496,177,833
39.62
496,177,833
39.62
496,177,833
39.62
Short positions
77,751,000
33,174,045
701,625
113,998,040
13,869,300
36,501,926
5,688,240
12,411,280
25,948,520
38,167,650
18,671,400
34,486,000
25,432,362
34,127,808
5,249,073
19,999,564
-21,307,133
Derivative instruments
-21,307,133
-1.70
-21,307,133
-1.70
Options
-15,495
-18,950
-15,140
-28,310
-10,056
-4,400
-11,620
Germany
EURO STOXX 50 EUR - 2,000 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,200 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,300 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,500 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,900 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,000 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,100 - 17.01.14 CALL
Total securities portfolio
The accompanying notes form an integral part of these financial statements
164
-21,307,133
-2,494,695
-1,326,500
-5,404,980
-5,633,690
-482,688
-514,800
-5,449,780
899,072,426
6.21
2.65
0.06
9.11
1.11
2.91
0.45
0.99
2.07
3.05
1.49
2.75
2.03
2.72
0.42
1.60
-1.70
-1.70
-0.20
-0.11
-0.43
-0.44
-0.04
-0.04
-0.44
71.79
Absolute Volatility World Equities
Securities Portfolio as at 31/12/13
Share/Units of UCITS/UCIS
121,573,199
9.46
17,512,377
1.36
Share/Units in investment funds
France
58 AMUNDI TRESO EONIA ISR I C
Luxembourg
121,573,199
17,512,377
104,060,822
103,200 AMUNDI MONEY MARKET FUND SHORT TERM (USD) 104,060,822
OV C
Money market instrument
Bonds
France
70,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
10/02/2014
50,000,000 NATIXIS BANQUES POPULAIRES VAR 13/03/2014
31,000,000 NATIXIS BANQUES POPULAIRES VAR 24/06/2014
Derivative instruments
Options
1,240
17,090
2,635
9,280
4,330
2,810
10,250
160
3,160
4,965
6,725
2,727
1,955
1,530
1,530
Germany
EURO STOXX 50 EUR - 2,500 - 19.12.14 CALL
EURO STOXX 50 EUR - 2,500 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,500 - 20.06.14 CALL
EURO STOXX 50 EUR - 2,700 - 19.12.14 CALL
EURO STOXX 50 EUR - 2,700 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,700 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,800 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,900 - 19.12.14 CALL
EURO STOXX 50 EUR - 2,900 - 19.12.14 PUT
EURO STOXX 50 EUR - 3,000 - 19.12.14 CALL
EURO STOXX 50 EUR - 3,000 - 19.12.14 PUT
EURO STOXX 50 EUR - 3,100 - 19.12.14 CALL
EURO STOXX 50 EUR - 3,100 - 19.12.14 PUT
EURO STOXX 50 EUR - 3,300 - 19.12.14 CALL
EURO STOXX 50 EUR - 3,300 - 19.12.14 PUT
Hong Kong (China)
1,276 HANG SENG INDEX - 23,000 - 30.12.14 PUT
1,150 HANG SENG INDEX - 24,000 - 30.12.14 CALL
626 HANG SENG INDEX - 25,000 - 30.12.14 CALL
500
1,300
6,500
5,995
495
3,500
2,000
500
2,000
Singapore
NIKKEI 225 SIMEX FUT - 12,500 - 12.12.14 PUT
NIKKEI 225 SIMEX FUT - 12,500 - 13.06.14 CALL
NIKKEI 225 SIMEX FUT - 14,000 - 12.12.14 CALL
NIKKEI 225 SIMEX FUT - 14,000 - 13.06.14 CALL
NIKKEI 225 SIMEX FUT - 14,500 - 13.06.14 CALL
NIKKEI 225 SIMEX FUT - 15,000 - 12.12.14 CALL
NIKKEI 225 SIMEX FUT - 15,000 - 12.12.14 PUT
NIKKEI 225 SIMEX FUT - 15,500 - 12.12.14 CALL
NIKKEI 225 SIMEX FUT - 16,500 - 12.12.14 PUT
9.46
1.36
8.10
8.10
500 NIKKEI 225 SIMEX FUT - 17,000 - 12.06.15 CALL
1,502 NIKKEI 225 SIMEX FUT - 18,000 - 12.06.15 CALL
1,184
2,700
6,695
975
5,950
495
2,000
3,590
2,435
970
United States of America
S&P 500 INDEX - 1,450 - 20.12.14 CALL
S&P 500 INDEX - 1,450 - 20.12.14 PUT
S&P 500 INDEX - 1,500 - 20.12.14 PUT
S&P 500 INDEX - 1,550 - 21.06.14 CALL
S&P 500 INDEX - 1,600 - 20.12.14 PUT
S&P 500 INDEX - 1,600 - 21.06.14 CALL
S&P 500 INDEX - 1,750 - 20.12.14 CALL
S&P 500 INDEX - 1,750 - 20.12.14 PUT
S&P 500 INDEX - 1,750 - 21.06.14 PUT
S&P 500 INDEX - 1,800 - 20.12.14 CALL
208,070,450
16.19
208,070,450
16.19 Short positions
208,070,450
96,456,500
68,897,500
42,716,450
16.19
7.51
5.36
3.32
649,424,712
50.51
179,935,235
14.00
649,424,712
10,026,405
14,200,147
20,380,232
54,525,371
5,942,657
1,591,408
8,361,401
633,196
6,975,624
15,578,145
18,579,761
6,617,256
6,697,016
2,042,907
7,783,709
50.51
0.78
1.10
1.59
4.25
0.46
0.12
0.65
0.05
0.54
1.21
1.45
0.51
0.52
0.16
0.61
-2,005,323
-0.16
245,862,340
19.12
-505,425
-383,362
-1,116,536
292,565
23,296,225
79,746,436
69,130,291
4,780,219
32,384,279
7,573,378
3,988,868
14,851,813
-0.04
-0.03
-0.09
0.02
1.81
6.19
5.38
0.37
2.52
0.59
0.31
1.16
Derivative instruments
Options
-3,765
-6,860
-3,320
-10,670
-1,790
-2,509
-1,330
-3,470
-539
-202
-294
-496
-145
-750
-750
-1,000
-4,250
-2,002
-2,000
-1,005
-5,990
-1,005
-4,000
-500
-4,580
-1,475
-4,140
-711
Germany
EURO STOXX 50 EUR - 2,000 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,200 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,300 - 19.12.14 PUT
EURO STOXX 50 EUR - 2,500 - 20.06.14 PUT
EURO STOXX 50 EUR - 2,700 - 20.06.14 CALL
EURO STOXX 50 EUR - 2,900 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,000 - 17.01.14 PUT
EURO STOXX 50 EUR - 3,100 - 17.01.14 CALL
Hong Kong (China)
HANG SENG INDEX - 20,000 - 30.12.14 PUT
HANG SENG INDEX - 21,400 - 29.01.14 PUT
HANG SENG INDEX - 21,400 - 30.01.14 PUT
HANG SENG INDEX - 24,800 - 30.01.14 CALL
HANG SENG INDEX - 25,000 - 30.01.14 CALL
HANG SENG INDEX - 27,000 - 30.12.14 CALL
USD
3,037,438
6,780,828
% of NaV
76.16
Market Value
979,068,361
Quantity
% of NaV
Market Value
Quantity
USD
Long positions
0.24
0.53
225,632,460
17.55
-111,172,902
-8.65
-18,118,302
-1.41
46,756,160
6,750,000
20,419,750
28,879,500
27,399,750
12,399,750
31,060,000
30,048,300
9,959,150
11,960,100
-111,172,902
-111,172,902
3.63
0.53
1.59
2.25
2.13
0.96
2.42
2.34
0.77
0.93
-8.65
-8.65
-835,265
-661,692
-1,633,201
-2,925,843
-9,439,412
-165,949
-214,423
-2,242,517
-0.06
-0.05
-0.13
-0.23
-0.74
-0.01
-0.02
-0.17
176,405
49,499
83,418
103,782
36,466
382,071
0.01
0.00
0.01
0.01
0.00
0.03
831,641
0.06
Singapore
-51,144,769
-3.98
United States of America
-42,741,472
-3.32
NIKKEI 225 SIMEX FUT - 12,500 - 13.06.14 PUT
NIKKEI 225 SIMEX FUT - 13,000 - 12.12.14 PUT
NIKKEI 225 SIMEX FUT - 13,000 - 13.06.14 PUT
NIKKEI 225 SIMEX FUT - 13,500 - 12.06.15 PUT
NIKKEI 225 SIMEX FUT - 13,500 - 13.06.14 PUT
NIKKEI 225 SIMEX FUT - 14,000 - 10.01.14 PUT
NIKKEI 225 SIMEX FUT - 16,500 - 13.06.14 CALL
NIKKEI 225 SIMEX FUT - 17,000 - 10.01.14 CALL
NIKKEI 225 SIMEX FUT - 17,500 - 12.12.14 CALL
NIKKEI 225 SIMEX FUT - 18,000 - 12.12.14 CALL
S&P 500 INDEX - 1,150 - 21.06.14 PUT
S&P 500 INDEX - 1,200 - 20.12.14 PUT
S&P 500 INDEX - 1,300 - 20.12.14 PUT
S&P 500 INDEX - 1,450 - 21.06.14 CALL
-167,689
-1,688,787
-1,556,776
-4,752,380
-1,198,801
-9,562
-23,993,053
-52,590
-16,060,130
-1,665,001
-732,800
-1,268,500
-5,506,200
-27,771,660
-0.01
-0.13
-0.12
-0.37
-0.09
0.00
-1.88
0.00
-1.25
-0.13
-0.06
-0.10
-0.42
-2.15
The accompanying notes form an integral part of these financial statements
165
Absolute Volatility World Equities
Securities Portfolio as at 31/12/13
Total securities portfolio
The accompanying notes form an integral part of these financial statements
166
USD
-2,127,112
-1,257,750
-846,450
-3,231,000
867,895,459
% of NaV
S&P 500 INDEX - 1,450 - 21.06.14 PUT
S&P 500 INDEX - 1,550 - 21.06.14 PUT
S&P 500 INDEX - 1,600 - 21.06.14 PUT
S&P 500 INDEX - 1,900 - 21.06.14 CALL
Market Value
Quantity
-2,938
-975
-495
-900
-0.17
-0.10
-0.07
-0.25
67.51
Absolute Global Dividend
Securities Portfolio as at 31/12/13
% of NaV
Market Value
Quantity
EUR
Long positions
7,958,457
9.52
Share/Units of UCITS/UCIS
7,958,457
9.52
7,958,457
9.52
Share/Units in investment funds
France
590 BFT MONETAIRE C
Total securities portfolio
7,958,457
7,958,457
7,958,457
9.52
9.52
9.52
The accompanying notes form an integral part of these financial statements
167
Cash EUR
Securities Portfolio as at 31/12/13
Cash
Ireland
20,000,000 INTESA SANPAOLO BANK IRELAND PLC VAR
17/12/2014
15,000,000 INTESA SANPAOLO BANK IRELAND PLC VAR
24/06/2014
156,526,182
18.03
260,530,259
3,396,610
10,016,342
4,998,841
1,999,200
4,000,000
4,998,938
5,018,433
The accompanying notes form an integral part of these financial statements
Share/Units in investment funds
France
37,002,142
4.26
3,000,000
10,031,482
14,998,686
19,998,321
13,998,825
2,500,003
2,500,158
2,004,916
25,000,141
15,000,070
4,215,952
4,849,160
2,000,104
35,000,000
20,000,000
15,000,000
10,000,000
ABN AMRO BANK NV FRN 07/10/2014
BMW FINANCE NV FRN 22/10/2015
ING BANK NV FRN 28/11/2014
RABOBANK (INTERNATIONAL) NV FRN 11/09/2014
0.39
Share/Units of UCITS/UCIS
10,000,000
2,000,000
Luxembourg
Netherlands
30.00
2,000,000 CREDIT AGRICOLE SA LONDON BRANCH FRN
28/08/2015
1.15
4,187 AMUNDI TRESO COURT TERME PART I C
0.58
0.23 Money market instrument
0.46
Bonds
0.58
France
0.58
10,000,000 BANQUE ACCORD VAR 19/03/2014
10,000,000 BANQUE ACCORD VAR 20/03/2014
0.23
10,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
02/10/2014
0.35
15,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
03/02/2014
1.15
15,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL VAR
07/01/2014
1.73
5,000,000 BANQUE PALATINE VAR 27/11/2014
2.30
5,000,000 BANQUE SOLFEA VAR 03/06/2014
1.61
10,000,000 BNP PARIBAS VAR 29/10/2014
30,000,000 BPCE SA VAR 01/10/2014
0.29
7,000,000 CRCAM ALPES VAR 11/03/2014
0.29
10,000,000 CRCAM BRIE PICARDIE VAR 13/02/2014
0.23
10,000,000 CRCAM DE NORMANDIE-SEINE VAR 02/09/2014
2.87
10,000,000 CRCAM FINISTERE VAR 20/03/2014
1.73
10,000,000 CRCAM NORD DE FRANCE VAR 09/01/2014
0.49
5,000,000 CRCAM SUD RHONE ALPES VAR 13/08/2014
0.56
5,000,000 CREDIT AGRICOLE SA VAR 02/09/2014
0.23
5,000,000 CREDIT DU NORD SA VAR 02/05/2014
15,000,000 CREDIT DU NORD SA VAR 13/06/2014
4.03
5,000,000 CREDIT DU NORD SA VAR 17/04/2014
2.30
9,000,000 CREDIT MUNICIPAL DE PARIS 0% 26/02/2014
10,000,000 DEXIA CREDIT LOCAL DE FRANCE VAR 07/03/2014
1.73
15,000,000 DEXIA CREDIT LOCAL DE FRANCE VAR 23/09/2014
15,000,000 DEXIA CREDIT LOCAL DE FRANCE VAR 31/10/2014
2.30
5,000,000 FRANFINANCE CREDIT VAR 02/09/2014
15,000,000 NATIXIS BANQUES POPULAIRES VAR 13/02/2014
2.30
15,000,000 NATIXIS BANQUES POPULAIRES VAR 29/10/2014
1.15
4,000,000 SOCIETE GENERALE VAR 01/09/2014
1.15
5,000,000 SOCIETE GENERALE VAR 31/12/2014
20,000,000
10,000,000 SOCIETE EUROPEENNE DE BANQUE VAR
10/03/2015
168
30.00
Italy
20,000,000 UNICREDIT SPA VAR 29/12/2014
15,000,000
2,000,000
10,000,000
10,000,000
260,530,259
United Kingdom
20,000,000
14,991,750
2,000,000
10,010,392
10,000,000
1.73
0.23
1.15
1.15
Ireland
15,000,000 GE CAPITAL UK FUNDING 0% 17/01/2014
Luxembourg
27,000,000 FORTIS BANK LUXEMBOURG 0% 01/09/2014
Netherlands
25,000,000 THE ROYAL BANK OF SCOTLAND NV 0% 16/01/2014
EUR
% of NaV
3,400,000 BANQUE FEDERATIVE DU CREDIT MUTUEL FRN
23/01/2015
10,000,000 BANQUE SOLFEA VAR 17/10/2014
5,000,000 BNP PARIBAS FRN 03/12/2014
2,000,000 BNP PARIBAS FRN 13/11/2015
4,000,000 BPCE SA FRN 05/05/2014
5,000,000 BPCE SA FRN 14/04/2015
5,000,000 CAISSE D’EPARGNE ET DE PREVOYANCE
AQUITAINE POITOU CHARENTES VAR 08/09/2014
2,000,000 CAISSE D’EPARGNE ET DE PREVOYANCE
PROVENCE ALPES CORSE VAR 23/09/2015
3,000,000 CFCM CAISSE FED CREDT MUTL NORD EUROP
FRN 27/04/2015
10,000,000 CFCM CAISSE FED CREDT MUTL NORD EUROP
VAR 13/08/2014
15,000,000 CFCM 0% 07/01/2014
20,000,000 CREDIT AGRICOLE CORPORATE & INVESTMENT
BANK VAR 19/04/2014
14,000,000 CREDIT AGRICOLE CORPORATE & INVESTMENT
BANK VAR 20/10/2014
2,500,000 CREDIT DU NORD SA FRN 28/01/2015
2,500,000 CREDIT DU NORD SA FRN 30/01/2015
2,000,000 CREDIT MUTUEL ARKEA FRN 10/12/2014
25,000,000 SOCIETE GENERALE FRN 03/02/2014
15,000,000 SOCIETE GENERALE FRN 04/03/2014
4,200,000 SOCIETE GENERALE FRN 14/01/2015
4,850,000 UNEDIC 0% 21/02/2014
2,000,000 VINCI FRN 20/02/2015
88.33
Market Value
France
767,218,810
Quantity
Bonds
EUR
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
2,001,935
0.23
78,806,207
9.07
78,806,207
9.07
2,001,935
78,806,207
78,806,207
0.23
9.07
9.07
427,882,344
49.26
284,997,164
32.81
15,000,050
1.72
427,882,344
10,000,000
10,000,000
10,000,000
15,000,064
5,000,000
5,000,000
10,000,000
30,000,000
7,000,000
10,000,000
10,000,000
10,000,000
10,000,041
5,000,000
5,000,000
5,000,000
15,000,000
5,000,000
8,997,009
10,000,000
15,000,000
15,000,000
5,000,000
15,000,000
15,000,000
4,000,000
5,000,000
14,997,026
14,997,026
26,908,809
26,908,809
39,989,586
24,996,464
49.26
1.15
1.15
1.15
1.72
0.58
0.58
1.15
3.44
0.81
1.15
1.15
1.15
1.15
0.58
0.58
0.58
1.72
0.58
1.04
1.15
1.73
1.73
0.58
1.72
1.73
0.46
0.58
1.73
1.73
3.10
3.10
4.60
2.87
Cash EUR
Securities Portfolio as at 31/12/13
% of NaV
Market Value
Quantity
EUR
15,000,000 VOLKSWAGEN FINANCIAL SERVICES NV 0%
28/02/2014
14,993,122
1.73
10,000,000 BARCLAYS BANK PLC LONDON VAR 05/09/2014
15,000,000 BARCLAYS BANK PLC LONDON VAR 11/07/2014
15,000,000 LLOYDS TSB BANK PLC 0% 13/02/2014
United Kingdom
39,991,595
4.60
United States of America
10,000,000
15,000,000
14,991,595
20,998,164
2.42
21,000,000 ARABELLA FINANCE LTD 0% 09/01/2014
Total securities portfolio
20,998,164
767,218,810
1.15
1.72
1.73
2.42
88.33
The accompanying notes form an integral part of these financial statements
169
Cash USD
Securities Portfolio as at 31/12/13
Canada
5,000,000 CSE CENT DESJARDINS DU QUEBEC FRN
29/10/2015
4,990,000
5,000,000
5,200,000
13,000,000
5,000,000
France
BNP PARIBAS FRN 10/01/2014
BNP PARIBAS VAR 27/05/2014
BPCE SA FRN 07/02/2014
MICHELIN (CIE GENERALE ETS) 0% 07/01/2014
SOCIETE GENERALE FRN 22/05/2014
Germany
5,000,000 KFW INTERNATIONAL FINANCE INC VAR 28/11/2014
Italy
5,350,000 INTESA SANPAOLO SPA FRN 24/02/2014
Netherlands
5,000,000 BMW FINANCE NV FRN 21/10/2014
3,000,000 NEDERLANDSE WATERSCHAPSBANK NV FRN
06/11/2014
4,000,000 NEDERLANDSE WATERSCHAPSBANK NV FRN
27/10/2014
3,000,000 SHELL INTERNATIONAL FINANCE BV FRN
10/11/2015
120,926,382
31.02
11,312,900
2.90
120,926,382
6,012,900
5,300,000
5,000,000
5,000,000
33,202,470
4,990,647
5,000,000
5,212,468
12,999,355
5,000,000
5,000,000
5,000,000
5,366,420
5,366,420
15,001,500
5,000,000
3,001,500
4,000,000
3,000,000
31.02
1.54
1.36
1.28
1.28
8.52
1.28
1.28
1.34
3.34
1.28
1.28
1.28
1.38
1.38
3.85
1.28
0.77
1.03
0.77
South Korea
6,000,000
1.54
Sweden
5,000,000
1.28
6,000,000 KOREA DEVELOPMENT BANK FRN 27/10/2014
5,000,000 SWEDISH EXPORT CREDIT CORP. FRN 05/01/2015
United States of America
5,000,000 DAIMLER FINANCE NORTH AMERICA LLC FRN
10/04/2014
2,350,000 DAIMLER FINANCE NORTH AMERICA LLC FRN
28/03/2014
6,000,000 GENERAL ELECTRIC CAP CORP FRN 09/01/2015
6,100,000 HSBC FINANCE CORPORATION FRN 15/01/2014
5,000,000 JOHN DEERE CAPITAL CORP FRN 12/01/2015
3,000,000 JP MORGAN CHASE AND CO FRN 23/04/2015
6,000,000 TOYOTA MOTOR CREDIT CORPORATIO FRN
10/03/2015
1,550,000 VERIZON COMMUNICATIONS INC FRN 28/03/2014
6,000,000
5,000,000
35,043,092
5,029,000
2,355,811
6,000,000
6,099,794
5,000,000
3,005,910
6,000,000
1,552,577
1.54
1.28
8.99
1.29
0.60
1.54
1.57
1.28
0.77
1.54
0.40
Share/Units of UCITS/UCIS
Share/Units in investment funds
Luxembourg
31,125 AMUNDI MONEY MARKET FUND SHORT TERM (USD)
OV C
Money market instrument
Bonds
Czech Republic
3,000,000 CZECH EXPORT BANK 0% 20/01/2014
France
5,000,000 AGENCE CENTRALE DES ORGANISMES DE
SECURITE SOCIALE 0% 17/04/2014
8,000,000 BANQUE FEDERATIVE DU CREDIT MUTUEL 0%
17/01/2014
3,000,000 BNP PARIBAS 0% 02/01/2014
7,000,000 BPCE SA 0% 10/02/2014
5,000,000 CIC FRANCE 0% 24/09/2014
5,000,000 EDF ELECTRICITE DE FRANCE 0% 05/01/2015
10,000,000 EDF ELECTRICITE DE FRANCE 0% 10/01/2014
Germany
5,000,000 ALLIANZ SE 0% 25/03/2014
6,000,000 KREDITANSTALT WIEDER KFW 0% 29/04/2014
Luxembourg
3,000,000 FORTIS BANK LUXEMBOURG 0% 08/01/2014
5,000,000
5,000,000
8,000,000
5,000,000
5,000,000
Netherlands
ING BANK NV 0% 10/09/2014
ING BANK NV 0% 15/01/2014
RABOBANK NEDERLAND VAR 11/07/2014
THE ROYAL BANK OF SCOTLAND NV 0% 16/01/2014
THE ROYAL BANK OF SCOTLAND NV 0% 25/09/2014
Qatar
5,000,000 QATAR NATIONAL BANK 0% 07/05/2014
Sweden
5,000,000 AKADEMISKA HUS AB 0% 24/09/2014
United Kingdom
5,000,000 ABBEY NATIONAL TREASURY SERVICES 0%
07/10/2014
5,000,000 BARCLAYS BANK PLC LONDON 0% 11/04/2014
4,000,000 LLOYDS TSB BANK PLC 0% 03/02/2014
5,000,000 LLOYDS TSB BANK PLC 0% 09/06/2014
4,000,000 PRUDENTIAL PLC 0% 20/08/2014
7,000,000 STANDARD CHARTERED BANK 0% 29/01/2014
10,000,000 VODAFONE GROUP PLC 0% 11/03/2014
United States of America
10,000,000 ARABELLA FINANCE LTD 0% 12/02/2014
The accompanying notes form an integral part of these financial statements
170
USD
% of NaV
6,000,000 AUSTRALIA & NEW ZEALAND BANKING GROUP
FRN 16/10/2014
5,300,000 NATIONAL AUSTRALIA BANK LTD FRN 22/01/2015
81.07
Market Value
Australia
316,072,707
Quantity
Bonds
USD
% of NaV
Transferable securities admitted to an official stock exchange
listing and/or dealt in on another regulated market
Market Value
Quantity
Long positions
31,384,453
8.05
31,384,453
8.05
31,384,453
31,384,453
8.05
8.05
163,761,872
42.00
2,999,634
0.77
163,761,872
2,999,634
42.00
0.77
42,936,344
11.01
7,997,774
2.05
10,991,385
2.82
4,993,544
2,999,918
6,994,588
4,980,791
4,971,726
9,998,003
4,996,736
5,994,649
2,999,621
2,999,621
27,954,251
4,977,612
4,999,167
8,000,000
4,998,691
4,978,781
4,993,482
4,993,482
4,986,686
4,986,686
1.28
0.77
1.79
1.28
1.28
2.56
1.28
1.54
0.77
0.77
7.17
1.28
1.28
2.05
1.28
1.28
1.28
1.28
1.28
1.28
39,935,175
10.24
4,991,178
3,998,264
4,990,241
3,989,715
6,998,310
9,992,618
1.28
1.03
1.28
1.02
1.79
2.56
4,974,849
25,965,294
9,995,227
1.28
6.66
2.56
Cash USD
Securities Portfolio as at 31/12/13
USD
5,971,622
9,998,445
316,072,707
% of NaV
Total securities portfolio
Market Value
Quantity
6,000,000 CREDIT SUISSE AG 0% 25/11/2014
10,000,000 MONDELEZ INTL INC 0% 16/01/2014
1.53
2.57
81.07
The accompanying notes form an integral part of these financial statements
171
Statement of Net Assets
Accounts:
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
Dividends receivable
Subscribers receivable
Unrealised net appreciation on futures contracts
Unrealised net appreciation on swaps and CFD
Receivable on spot exchange
2
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
Unrealised net depreciation on forward foreign exchange contracts
Unrealised net depreciation on futures contracts
Unrealised net depreciation on swaps and CFD
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
172
2
2
2
2
4
31/12/2013
JPY
31/12/2012
JPY
12,032,437,830
6,846,127,839
55,181,373
174,464,512
9,252,822,966
5,693,291,053
-
-
11,884,299
-
180,017,348
11,031,110,660
5,552,836
1,778,287,694
-
-
-
994,718
580,730
867,503,547
-
-
-
-
-
-
16,634
484,468
232,348
837
-
597,846
4,260
-
-
-
2
31/12/2012
EUR
180,848,642
67,065,672
4,441
2
Equity Japan Target
69,152,242
-
Brokers receivable
Unrealised net appreciation on forward foreign exchange contracts
Equity Euroland Value
1,582
-
-
-
-
-
-
16,945,671
6,125,597,560
432,306,507
-
-
616,572,638
-
-
-
12,554,837
-
22,188,342
91,679,529
59,474,592
-
-
5,733,423
19,465,000
-
-
9,739,870
-
-
-
1,018,926
611,727
196,446,102
218,222,582
-
-
-
-
-
-
-
-
-
-
6,389,515
-
230,957
174,625
133,218,646
196,062,887
-
623
-
-
628,550
-
-
-
7,207
-
-
-
11,685,452
-
-
-
194,596
-
-
-
126,812
350,423
37,037,106
19,398,301
32,607
78,849
8,115,383
2,566,798
-
68,133,316
-
180,236,915
-
11,835,991,728
-
6,627,905,257
Equity US Concentrated Core
31/12/2013
USD
Equity US Relative Value
31/12/2012
USD
31/12/2013
USD
Equity Global Select
31/12/2012
USD
31/12/2013
USD
Equity Japan Value
31/12/2012
USD
31/12/2013
JPY
31/12/2012
JPY
138,490,711
118,578,609
671,514,261
428,535,524
172,365,960
172,031,673
18,013,310,619
8,128,889,712
102,024,878
99,961,244
472,644,184
372,276,811
145,893,993
154,293,003
15,196,808,427
6,767,195,170
-
-
-
-
-
-
134,627,299
113,469,979
636,867,921
32,602,421
13,508,735
164,223,737
-
-
-
-
-
418,801,672
46,524,861
-
171,193,291
25,299,298
-
168,294,150
14,001,147
-
17,151,680,230
1,954,871,803
-
7,529,682,320
762,487,150
-
101,963
4,731,434
32,781,410
8,041,622
1,054,153
213,658
238,928,410
102,909,383
-
-
-
-
-
-
-
-
-
-
36,164
54,830
145,951
322,366
-
-
-
-
-
-
419,568
29,822
231,538
11,481
-
-
-
-
1,119,858
973,037
-
-
3,579,334
-
-
-
-
324
-
-
-
-
-
-
-
473,793
-
537,927,364
195,345,764
77,213
116,882
-
-
-
-
991,827
3,047,939
2,863,642
763,240
4,941,350
237,995,143
-
-
-
-
-
270,486
-
-
-
-
1,041,124
-
-
-
-
18,193
-
662,478
858,060
-
317,077
367,163
-
-
-
-
-
32,513
-
-
-
-
-
-
-
-
-
-
-
-
461,964,202
-
-
-
-
-
197,774,708
-
-
-
-
539,691
34,482,143
15,939,559
109,579
5,725,546
2,681,558
-
155,153
375,406
156,142
118,414
425,671,882
-
314,103
119,019
668,466,322
-
-
554,152
117,605,572
-
-
430,254,908
1,136,525
137,370,853
-
-
-
-
-
2,985,712
-
1,609,636
-
-
-
438,402
-
80,081,825
292,949,920
28
90,674
-
-
-
12,746
250,292
444,430
2,281,756
8,002,325
-
542,641
-
-
37,647
1,120,651
743
62,405
-
-
4,692,790
457,477
397
-
-
95,753
-
-
-
-
171,602,720
-
992,265
167,090,323
-
-
-
17,775,315,476
13,088,149
-
-
-
7,666,925,510
The accompanying notes form an integral part of these financial statements
173
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
Brokers receivable
2
Unrealised net appreciation on swaps and CFD
2
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
174
2
4
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
119,104,631
124,433,943
128,976,651
218,701,401
110,219,398
100,920,158
115,970,575
-
-
-
-
265,470,451
46,769,050
-
118,514,981
8,295,583
-
123,089,420
22,169,262
-
128,153,280
12,182,705
-
196,867
474,674
59,718
536,876
-
-
-
-
-
-
-
-
-
-
-
-
32,556
99,764
259,526
1,231,064
82,420
1,126,041
26,969
177,000
-
59,000
-
-
-
Unrealised net appreciation on forward foreign exchange contracts
Unrealised net appreciation on futures contracts
Equity Europe Select
267,075,382
-
Dividends receivable
Subscribers receivable
Equity Euro Select
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,127,149
503,313
1,311,729
2,914,040
-
-
-
-
-
-
-
-
-
-
9,656
-
903,542
-
-
-
1,456,007
48,744
-
83,260
490,075
181,067
-
-
-
264,948,233
-
-
54,274
-
-
-
2,435,358
79,003
-
-
43,000
266,533
288,261
283,080
104,776
55,996
73,599
-
-
118,601,318
-
-
123,122,214
-
-
126,062,611
Equity Euroland Small Cap
31/12/2013
EUR
Equity Global Gold Mines
31/12/2012
EUR
31/12/2013
USD
Equity Global Luxury and Lifestyle
31/12/2012
USD
31/12/2013
USD
Equity Global Agriculture
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
399,073,451
148,740,668
71,498,158
118,001,713
195,916,400
100,291,550
174,024,911
172,590,061
332,710,473
129,340,686
104,651,402
126,143,530
157,647,887
89,307,215
142,428,550
160,808,966
-
-
-
-
-
-
-
-
397,171,309
64,460,836
-
145,063,997
15,723,311
-
70,697,045
-33,954,357
-
115,874,636
-10,268,894
-
192,116,521
34,468,634
-
98,050,403
8,743,188
-
162,824,383
20,395,833
-
170,109,992
9,301,026
-
23,490
1,448,661
688,322
1,122,657
2,247,085
1,452,138
10,348,848
1,880,330
-
-
-
-
-
-
-
-
-
-
-
-
-
33,180
44,255
107,112
1,878,652
2,194,830
68,536
-
-
-
-
-
-
-
-
-
-
-
82,733
80,183
323,573
672,355
-
-
-
-
424,282
-
-
-
205,837
522,233
421,137
324,339
57,730
-
-
-
-
-
169,929
-
-
-
-
-
-
573,735
373,424
287,689
151,575
19,776
15,494,421
6,362,035
840,881
2,067,116
4,345,317
1,901,564
1,910,184
1,048,465
-
-
-
-
-
-
-
-
-
-
710
-
13,044,280
-
-
-
3,701,447
-
-
3,016
-
-
-
-
428,990
545,742
1,019,417
-
1,959,224
96,929
191,455
-
-
-
-
866,378
265,796
235,632
246,280
435,568
504,953
-
-
383,579,030
-
-
-
142,378,633
351
-
-
70,657,277
-
-
1,336,773
-
-
2,451
-
512,602
574,590
240,276
115,934,597
-
-
-
135,893
-
-
-
-
-
-
-
931,727
252,162
1,157,800
113,177
608,727
712,024
-
1,208
-
774,904
374,093
206,251
191,571,083
-
2,544
-
391,998
-
15,726
188,275
-
-
-
485,802
583,684
98,888
143,503
289,145
151,968
98,389,986
172,114,727
117,798
-
19,826
171,541,596
The accompanying notes form an integral part of these financial statements
175
Statement of Net Assets
Note
31/12/2013
USD
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
Brokers receivable
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
176
2
4
31/12/2013
USD
31/12/2012
USD
151,225,996
212,793,766
98,204,750
65,927,196
151,806,533
177,174,642
-
-
-
4,127,376
-
68,234,980
2,307,784
-
148,959,446
-2,847,087
-
207,980,297
30,805,655
-
-
939,006
862,391
1,264,189
1,837,975
-
-
-
-
-
-
-
132,072
100,024
26,645
16,167
-
-
-
-
-
-
135,849
-
814,130
-
-
-
52,382
-
-
-
21,070
2,333,012
621,412
-
-
-
98,880
556,073
949,972
1,569,638
2,795,743
-
-
-
-
-
-
-
-
-
-
-
2
31/12/2012
USD
69,312,442
102,332,126
2,448,920
Unrealised net appreciation on forward foreign exchange contracts
Equity ASEAN
105,878,769
-
Dividends receivable
Subscribers receivable
Equity Global Resources
-
-
-
-
-
-
-
-
-
-
6,833
-
1,616,072
-
-
-
103,010
503,936
1,036,161
-
-
-
12,272
-
427
-
-
-
-
525,710
-
-
-
197,429
287,183
439,341
557,524
243,362
52,740
94,136
96,437
-
105,322,696
98,853
68,362,470
-
149,656,358
-
209,998,023
Equity Asia ex Japan
31/12/2013
USD
Equity Brazil
31/12/2012
USD
31/12/2013
USD
Equity Emerging Europe
31/12/2012
USD
31/12/2013
EUR
Equity Emerging Internal Demand
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
226,706,634
294,402,792
86,344,052
173,225,116
34,627,199
49,943,045
231,980,359
308,163,733
197,185,956
247,878,431
100,585,941
154,669,164
30,750,120
43,471,382
209,659,556
267,078,614
-
-
-
-
-
-
-
-
224,923,911
27,737,955
-
286,503,198
38,624,767
-
85,035,843
-15,550,098
-
158,523,614
3,854,450
-
30,577,631
-172,489
-
46,338,171
2,866,789
-
227,145,788
17,486,232
-
296,670,940
29,592,326
-
986,190
2,179,943
544,744
988,342
3,997,445
3,438,807
1,070,766
8,134,061
-
-
-
-
-
-
-
-
-
-
445,723
53,322
-
101,217
3,240,449
-
227,847
303,523
-
118,725
390,868
11,643
47,342
18,087
-
11,563,979
-
-
-
-
245,000
2,273,949
-
142,411
2,470,290
7,298,954
602,171
13,169,310
-
-
-
-
-
52,488
-
-
59,256
-
-
82,182
428,658
3,447,240
-
-
-
438,214
-
766,981
-
-
69,787
-
-
-
-
-
-
79,373
-
-
-
361,411
-
-
-
-
-
-
4,173,413
3,461,221
-
-
-
-
-
-
-
-
32,316
783,021
-
577,498
160,643
224,261
224,236,344
287,103,838
143,301
84,451
85,741,881
152,119
160,055,806
44,190
34,309,264
-
-
380,989
-
-
431,122
993,246
-
-
21,118
145,419
18,584
-
20,909
-
-
142,244
-
-
387,213
-
-
-
317,935
-
2,273,729
-
1,198,518
1,334,737
284,252
-
-
-
-
520,107
1,198,483
-
101,939
-
145,612
-
-
4,560
113,102
-
81,778
-
11,936,038
-
-
2,317,023
136,731
-
-
-
359,256
245,022
591,415
-
-
17,833
162,308
-
-
-
1,536,529
44,780
-
-
-
-
-
1,277,403
723,465
1,204
157,984
-
-
-
1,002,567
-
1,198,515
49,555,832
227,806,946
42,429
-
515,989
-
896,081
285,230
184,318
304,702,512
The accompanying notes form an integral part of these financial statements
177
Statement of Net Assets
Note
31/12/2013
USD
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
2
Unrealised net appreciation on swaps and CFD
2
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
178
2
4
31/12/2012
USD
24,575,942
542,887,488
1,054,735,117
113,345,949
21,085,579
-
-
-
39,512,570
-
1,146,096,965
91,361,848
-
126,440,644
13,094,695
-
21,602,038
516,459
-
-
11,540,437
12,848,643
2,175,816
2,909,601
-
-
-
-
-
-
-
1,750,107
1,835,531
-
-
-
763,272
126,233
-
-
-
-
-
-
-
64,303
1,112,382
-
-
64,294
153,350
-
-
-
-
-
1,363,260
5,449,851
10,234,498
1,913,533
1,252,757
-
-
-
-
-
126,125
-
121,640
501,788
726,389
-
-
506,851
62,612
2
31/12/2013
USD
129,570,259
641,488
Unrealised net appreciation on forward foreign exchange contracts
Unrealised net appreciation on futures contracts
31/12/2012
USD
1,165,133,013
582,400,058
344,152
Brokers receivable
Equity MENA
595,648,948
-
Dividends receivable
Subscribers receivable
Equity Emerging World
-
-
-
-
-
-
368,707
3,232,455
1,324,180
821,594
298,187
544,416
1,054
3,651
-
-
-
-
-
1,408,182
-
1,723,993
-
815,994
-
116,308
-
-
-
-
3,087,953
355,393
24,973
690,152
116,598
33,832
506,782
1,361,740
590,199,097
1,154,898,515
664,678
-
-
127,656,726
-
23,323,185
Equity Greater China
31/12/2013
USD
Equity India
31/12/2012
USD
31/12/2013
USD
Equity India Select
31/12/2012
USD
31/12/2013
USD
Equity India Infrastructure
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
445,127,431
702,565,268
411,327,345
580,514,142
58,925,751
82,462,645
22,626,336
44,723,865
388,294,785
627,071,962
320,614,694
431,907,316
50,685,158
68,559,001
24,969,044
46,598,979
-
-
-
-
-
-
-
-
436,816,628
48,521,843
-
679,606,446
52,534,484
-
410,072,827
578,119,117
89,458,133
146,211,801
-
-
57,299,160
81,122,397
6,614,002
12,563,396
-
-
22,522,939
-2,446,105
-
44,619,094
-1,979,885
-
2,627,085
1,309,807
995,682
870,027
439,765
993,341
14,976
31,017
-
-
-
-
-
-
-
-
-
-
5,081,643
-
63,922
8,218,807
-
361,889
140,691
255,064
-
-
-
-
-
-
-
-
-
-
1,329,631
-
-
-
-
44,964
-
475,085
-
-
-
1,614,002
2,375,462
-
-
-
-
-
-
9,995
1,799,237
-
425,417
-
-
-
297,120
-
9,976
-
-
890,814
-
-
-
3,612,656
-
-
-
-
-
-
-
-
29,396
10,523
61,826
79,302
-
-
-
-
-
-
-
-
-
-
-
2,073,227
689,623
994,614
172,137
243,899
64,550
111,520
368,266
292,515
232,585
169,232
97,491
14,315
64,242
100,007
6,156,946
436,908,624
682,124,382
1,019,026
-
-
-
3,925,771
-
-
1,544,660
-
20,440,886
-
-
-
-
-
61,660
10,253
10,043,210
-
-
-
-
-
-
3,861,332
1,549,837
-
6,157,531
-
12,094
-
-
100,000
143,945
88,421
-
-
-
-
10,759
-
-
-
-
-
-
232,277
-
-
39,028
-
23,768
-
-
761,409
-
-
-
-
1,282,468
-
-
-
-
235,068
8,500,447
-
-
-
6,927,115
502,075
-
-
-
407,401,574
-
576,901,486
-
58,034,937
-
82,100,756
-
22,485,645
-
44,468,801
The accompanying notes form an integral part of these financial statements
179
Statement of Net Assets
Note
31/12/2013
USD
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
180
2
4
31/12/2012
USD
1,171,942,611
67,171,884
75,785,727
822,097,775
1,003,465,165
-
-
-
7,381,718
-
82,560,618
6,774,891
-
808,942,710
-13,155,065
-
1,152,347,200
148,882,035
-
-
808,273
2,558,166
4,053,892
3,534,034
-
-
-
-
-
-
-
12,209
-
101,240
-
-
-
-
-
1,745,497
3,303,435
251,589
-
-
586,078
251,750
-
2
31/12/2013
USD
818,705,838
461,437
Unrealised net appreciation on forward foreign exchange contracts
31/12/2012
USD
85,968,660
74,553,602
-
Brokers receivable
Equity Latin America
76,075,062
-
Dividends receivable
Subscribers receivable
Equity Korea
-
-
-
288,318
-
-
-
270,746
-
-
7,400,974
7,516,035
564,518
-
-
-
178,792
401,058
526,350
1,415,405
4,688,758
10,592,110
-
-
-
-
-
-
-
-
-
-
-
-
-
678,351
371,153
4,348,806
-
-
-
-
269,158
473,069
878,452
1,786,905
-
-
-
-
-
-
-
-
-
-
-
-
224,338
229,788
2,639,295
3,526,846
32,854
34,197
799,858
750,206
-
75,548,712
-
84,553,255
-
814,017,080
179,347
1,161,350,501
Equity Thailand
31/12/2013
USD
Equity Global Aqua
31/12/2012
USD
31/12/2013
EUR
Equity Emerging Anti-Benchmark
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
22,828,225
-
72,655,971
126,205,376
40,440,257
31,378,601
22,976,499
78,718,927
101,838,219
33,437,461
28,374,348
22,860,370
-
-
-
-
71,162,300
-7,556,627
-
120,542,830
18,704,611
-
38,854,723
5,417,262
-
31,155,265
2,780,917
-
72,421,947
-
65,619,698
-
-
-
-
3,676,871
-
-
-32,145
-
2,453,818
1,206,761
45,352
133,854
-
-
-
-
-
-
42,660
-
-
-
-
31/12/2013
USD
-
886,574
-
Equity Emerging Minimum Variance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
632,176
222,832
97,830
-
-
-
-
2,928
-
80,317
-
-
-
-
-
-
547,330
1,238,747
4,081,595
240,808
165,953
65,730
-
1,199,624
-
-
-
-
-
-
-
-
-
-
-
276,171
-
-
-
-
-
-
-
-
140,384
2,953,059
-
-
-
579,296
-
322,908
-
196,159
71,417,224
-
108,038
-
-
-
-
-
-
-
-
-
-
-
-
-
622,085
42,551
8,978
-
-
-
-
412,488
-
93,963
122,123,781
-
170,321
-
27,936
40,199,449
-
-
-
-
-
-
46,267
-
-
-
-
-
-
-
-
-
-
27,659
-
80,154
2,576,552
-
2,470,072
-
47,903
288,266
11,492
68,089,770
31/12/2012
USD
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
550,643
-
-
-
-
-
-
-
-
-
-
-
-
-
-
139,772
-
17,203
31,212,648
13,919
-
5,544
22,910,769
-
76,275
-
545,867
-
71,222,323
-
26,839
-
-
-
-
The accompanying notes form an integral part of these financial statements
181
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
Brokers receivable
2
Unrealised net appreciation on swaps and CFD
2
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
182
2
4
31/12/2013
USD
31/12/2012
USD
86,180,143
28,008,331
173,750,902
60,783,434
80,770,766
28,117,467
-
-
-
14,877,414
-
63,026,077
2,242,643
-
85,605,719
4,834,953
-
27,891,192
-226,275
-
-
291,146
49,202
287,952
74,932
-
-
-
-
-
-
-
-
-
-
-
139,248
79,578
92,885
42,207
11,509,087
-
2,133
-
-
161,454
-
30,000
12,001,043
184,401
272,008
34,702
-
-
-
-
-
262,665
-
-
-
2
31/12/2012
EUR
63,154,857
188,628,316
-
Unrealised net appreciation on forward foreign exchange contracts
Unrealised net appreciation on futures contracts
Equity Global Minimum Variance
200,830,462
-
Dividends receivable
Subscribers receivable
Equity Europe Minimum Variance
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,540
-
-
-
-
-
-
-
-
11,495,785
-
-
-
-
-
-
-
-
-
33,597
-
-
-
-
-
-
-
-
307,545
86,274
166,482
28,188
193,173
98,127
41,916
6,514
-
188,829,419
-
62,970,456
30,013
85,908,135
-
27,973,629
Equity World Anti-Benchmark
Convertible Europe
31/12/2013
EUR
31/12/2012
EUR
22,114,047
-
22,232,213
21,092,261
1,021,786
-
-
93,276
31/12/2013
EUR
Convertible Global
31/12/2012
EUR
31/12/2013
EUR
Bond Euro Aggregate
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
-
404,812,432
125,982,818
178,421,034
19,520,093
238,450,510
281,574,979
-
363,465,485
118,722,034
163,195,338
17,658,618
226,911,036
263,057,715
-
3,564,839
260,854
1,703,507
33,476
20,945
-
-
379,420,545
15,955,060
2,168,595
123,341,552
4,619,518
269,087
168,233,364
5,038,026
1,272,908
18,394,515
735,897
71,560
230,107,956
3,196,920
22,000
-
15,901,147
775,614
4,343,701
516,819
2,435,828
-
-
-
-
-
-
-
2,987,261
1,121,547
539,915
113,770
3,730,459
4,295,890
-
-
-
-
-
947,841
-
8,407
-
-
-
-
47,406
-
1,862,531
408,109
-
813,500
-
-
-
-
-
-
-
-
-
134,725
98,831
60,280
50,605
-
5,689
-
-
-
1,108,141
210,050
-
-
-
455,824
-
-
-
-
29,053
-
-
-
-
-
114,541
3,308,162
-
-
-
90,933
27,736
181,500
-
2,344,763
-
-
-
-
-
-
24,890
-
11,506,211
-
-
274,563,926
-
-
9,026
36,783
-
83,868
-
3,555,945
536,721
2,987,032
126,293
35,881,613
39,401,963
-
-
306,800
36,432
235,333
32,549
21,500
-
-
-
-
-
25,953,150
37,983,700
739,128
-
33,414
-
-
-
-
-
-
344,625
725,871
-
28,589
-
-
489,001
1,546,413
-
13,678
-
-
31,401
192,721
1,643
-
-
-
-
-
1,145,298
101,572
259,156
18,202
7,634,606
-
-
-
125,430
-
13,080
-
-
678,094
193,464
433,358
65,655
271,025
306,168
-
662,057
87,666
259,104
15,678
1,286,881
372,967
-
-
44,595
-
5,859
22,148,345
-
-
-
-
-
-
-
401,256,487
-
-
-
125,446,097
-
-
-
175,434,002
-
-
-
19,393,800
-
510,186
-
202,568,897
-
-
-
242,173,016
The accompanying notes form an integral part of these financial statements
183
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
Bond Euro Corporate
2
2
2
Bond Euro Government
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
711,908,171
1,176,897,861
266,241,935
117,910,103
657,781,633
1,100,341,657
257,497,623
112,166,960
1,958
-
20,700
668,744,994
10,963,361
176,000
1,148,619,280
48,277,623
-
260,555,946
3,058,323
-
115,554,870
3,387,910
-
-
1,822,588
6,743,048
1,063,781
318,302
-
-
-
-
-
-
-
-
Interest receivable
9,260,651
20,087,265
4,125,981
1,896,957
Brokers receivable
-
-
-
-
Dividends receivable
Subscribers receivable
-
Unrealised net appreciation on forward foreign exchange contracts
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
2
2
Unrealised net depreciation on swaps and CFD
2
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
184
1,838,401
568,708
28,426,285
-
Unrealised net depreciation on forward foreign exchange contracts
Unrealised net depreciation on futures contracts
922,049
322,537
2
4
222,998
-
-
663,810
1,309
67,973
-
474,218
72,001
-
-
-
561,460
-
-
-
-
-
-
-
-
32,205,691
36,055,639
25,015,802
7,607,965
172,000
-
-
-
71,205
349,567
6,000
-
22,500
62,837
-
29,195,500
24,098,697
1,649,590
3,215,432
37,648
-
722,450
-
19,338
-
-
-
-
935,547
-
-
-
-
-
5,601,050
1,349,864
457,405
-
-
-
941,331
1,274,315
297,327
133,784
735,579
706,395
496,793
65,862
28,439,081
679,702,480
-
1,140,842,222
-
241,226,133
-
110,302,138
Bond Euro Inflation
31/12/2013
EUR
Bond Euro High Yield
31/12/2012
EUR
31/12/2013
EUR
Bond Euro High Yield Short Term
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
356,516,176
-
202,365,006
189,949,723
895,499,325
606,444,207
376,032,989
200,044,086
181,036,485
830,777,448
556,785,594
356,191,370
21,850
-
-
-
-
198,029,979
-2,014,107
-
187,648,089
6,611,604
-
872,714,819
41,937,371
-
591,131,585
34,345,991
-
324,806
-
1,999,269
860,232
637,536
740,885
1,156,058
-
-
-
-
-
-
-
-
-
-
1,183,608
1,229,170
18,518,921
12,277,441
10,216,606
-
-
-
-
22,437
-
-
-
390,004
-
1,130,300
105,468
1,271,052
1,904,292
6,781,825
-
-
214,550
-
150,150
-
-
-
-
106,764
2,142,447
-
-
-
-
-
-
-
-
-
1,189,737
-
-
-
Bond Global Corporate
-
31/12/2013
USD
31/12/2012
USD
-
338,775,079
257,558,450
-
309,024,604
235,366,504
-
75,666
-51,549
-
-
319,913,443
10,888,839
47,003
247,935,950
12,569,446
-
-
3,830,671
3,102,745
-
9,094,470
2,636,800
-
-
-
-
5,159,353
3,545,747
-
5,359
-
-
-
-
103,540
-
200,076
-
-
-
-
-
-
-
392,501
-
2,281
-
386,476
-
8,760,837
33,973,850
4,847,082
3,168,937
1,598,476
-
2,383,536
3,659,031
-
-
-
-
-
-
-
-
-
-
23,750
-
-
-
-
33,308
285,985
535,688
33,252,550
500,394
152,640
2,439,400
1,509,231
473,835
-
44,696
-
-
-
321,536
260,503
1,504,648
907,622
406,516
1,079,929
247,946
441,118
277,156
105,901
142,658
634,007
-
193,604,169
-
15,515
-
-
155,975,873
-
428,608
-
-
890,652,243
-
-
6,058,563
-
-
-
-
112,269
76,674
-
603,275,270
-
-
76,536
-
-
374,434,513
-
-
-
-
-
-
199,969
-
60,363
-
809,586
-
478,741
-
-
-
-
-
5,076
2,266,402
605,895
-
-
252,576
296,940
-
582,301
484,718
-
-
-
336,391,543
-
253,899,419
The accompanying notes form an integral part of these financial statements
185
Statement of Net Assets
Note
31/12/2013
USD
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
Bond US Opportunistic Core Plus
2
2
2
Bond Europe
31/12/2012
USD
31/12/2013
EUR
31/12/2012
EUR
272,916,561
456,146,737
140,991,177
164,410,670
267,186,274
413,613,259
133,536,180
147,001,181
-
-
527,096
4,390
267,664,163
477,889
-
422,868,525
9,255,266
-
136,293,095
2,756,915
362,033
156,017,694
9,016,513
-
3,446,676
19,794,916
1,252,132
1,759,025
-
-
-
3,500,000
-
-
-
-
Interest receivable
1,188,517
1,433,463
2,293,486
2,559,499
Brokers receivable
-
11,307,276
-
-
-
-
Dividends receivable
Subscribers receivable
2,558
Unrealised net appreciation on forward foreign exchange contracts
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
2
2
Unrealised net depreciation on swaps and CFD
2
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
186
-
-
-
-
Unrealised net depreciation on forward foreign exchange contracts
Unrealised net depreciation on futures contracts
614,647
2
4
53,158
-
689,399
54,090
-
471,302
-
-
-
454,089
99,976
-
-
-
55,228,936
45,913,523
-
-
570,463
-
18
803
21,521,474
51,849,790
22,581
668,801
-
844,272
-
-
115,973
-
23,354,482
-
-
449,345
2,494,131
-
-
-
34,374,058
-30,760
-
160,000
-
41,691,247
33,321,422
249,404
125,350
124,602
-
-
24,449
-
-
45,670
-
-
-
-
544,496
711,707
185,309
212,155
421,641
1,748,431
922,471
562,190
-
249,562,079
-
400,917,801
-
95,077,654
-
130,036,612
Bond Global Aggregate
31/12/2013
USD
Bond Global
31/12/2012
USD
31/12/2013
USD
Bond Global Inflation
31/12/2012
USD
31/12/2013
EUR
Bond Enhanced RMB
31/12/2012
EUR
31/12/2013
USD
3,457,947,031
860,964,823
518,123,018
571,207,777
355,778,141
223,441,256
10,966,652
3,152,390,853
712,723,223
453,441,380
474,958,681
349,594,018
193,208,433
10,293,379
36,541,420
14,436,161
1,576,008
2,696
32,200
-
-
3,247,013,224
94,622,371
36,760,020
746,526,445
33,803,222
12,858,110
487,692,859
34,251,479
1,229,400
529,253,378
54,294,697
-
343,979,787
-5,614,231
-
218,355,295
25,146,862
-
10,452,409
159,030
-
82,349,392
14,186,394
7,357,363
7,704,724
9,485,997
967,112
441,646
21,909,405
-
1,377,950
1,977,600
-
-
-
-
-
-
-
-
-
7,174,271
1,526,384
1,143,722
57,226
5,002,192
-
11,239,553
-
-
-
-
-
-
14,101,004
4,611,757
8,023,905
85,709
-
72,407,301
371,820,498
-
-
-
58,468
2,559,016
275,524
156,250
-
454,934
373,319
-
348,669
-
-
-
423,984
-
-
20,887
2,407,454
15,371
-
143,689
-
10,898
-
-
-
-
-
-
-
-
173,498,014
154,231,484
135,317,088
57,187,042
25,902,834
25,145
-
33,885,573
10,329,843
1,881,800
-
-
-
-
-
254,513,542
72,295,445
121,162,229
102,010,015
44,424,080
25,070,200
2,371,679
525,306
321,321
142,877
933,780
128,560
-
21,697
601,997
291,882
356,084
20,846
1,263,790
1,701,866
302,293
4,299
29,127,390
17,848,464
-
5,269,937
-
49,872,511
5,464,896
10,778,832
360,000
2,188,063
10,361,343
-
1,648,655
1,363,596
28,006,395
-
1,512,740
-
-
1,053,889
515,618
1,968,119
1,301,940
-
72,318,362
3,086,126,533
687,466,809
7,352,079
33,480
-
-103,600
451,337
-
6,056,188
416,614
-
47,645
24,477,870
363,891,534
435,890,689
35,000
750,417
8,061,717
-
988,300
-
298,591,099
-
24,000
-
-
-
-
197,538,422
-
-
24,483,924
-
-
-
-
47,571
16,096
-
-
-
-
-
5,905,226
-
-
-
-
8,706,044
5,012
-
-
42,990,393
-
31/12/2012
USD
-
-
-
-
-
-
-
-
-
-
10,941,507
-
-
-
-
-
-
-
-
-
-
-
-
-
-
The accompanying notes form an integral part of these financial statements
187
Statement of Net Assets
Note
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Bond Asian Local Debt
31/12/2013
USD
31/12/2012
USD
63,715,893
-
66,321,054
66,613,116
-2,897,223
-
-
1,321,481
-
-
Interest receivable
784,224
Brokers receivable
-
Dividends receivable
Subscribers receivable
-
Unrealised net appreciation on forward foreign exchange contracts
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
188
-
107,423
392,033
-
-
2
4
31/12/2013
USD
31/12/2012
USD
-
56,129,390
100,014,372
-
58,458,359
92,451,785
-
-
-
-
52,644,816
-5,813,543
-
97,444,954
4,993,169
-
-
-
2,381,447
1,842,505
-
-
-
-
-
-
-
-
-
-
231,884
657,266
-
-
153,742
1,934
-
40,320
-
26,592
29,327
-
-
-
-
-
-
-
688,975
159,033
-
1,357,762
159,345
-
-
-
-
-
2
Bond Emerging Inflation
-
-
-
-
-
-
-
-
-
-
-
9,752
-
-
-
-
-
-
-
-
-
65,413
-
93,620
66,162,021
-
-
-
-
-
-
-
559,536
-
-
-
-
-
-
-
93,089
105,193
15,372
44,400
-
689,765
-
54,771,628
-
-
-
99,855,027
Bond Global Emerging
31/12/2013
USD
Bond Global Emerging Corporate
31/12/2012
USD
31/12/2013
USD
Multi Asset Emerging Markets
31/12/2012
USD
31/12/2013
USD
Index Equity Emerging Markets
31/12/2012
USD
31/12/2013
USD
469,475,157
268,718,541
189,546,275
140,701,534
83,732,695
87,477,054
138,529,169
449,687,453
241,584,516
185,395,415
131,778,840
78,280,315
78,938,688
125,398,187
309,623
2,675,004
-
-
-
-
-
409,276,999
-40,410,454
564,500
251,779,004
10,194,488
1,975,136
180,944,147
-4,451,268
-
137,654,038
5,875,198
-
78,359,652
79,337
-
83,242,318
4,303,630
-
126,878,128
1,479,941
-
11,708,384
3,361,600
5,528,950
983,803
4,312,821
3,655,051
11,457,805
-
-
-
-
-
-
-
-
9,679,309
-
-
30,569
-
2,910,083
5
-
2,644,123
-
-
-
-
-
1,830,209
476,910
435,851
-
439,098
15,495
65,300
26,770
-
78,377
47,857
-
-
-
-
-
-
-
-
-
-
-
-
107,059
65,172
429,055
61,125
113,252
49,962
145,379
37,539,262
6,592,000
-
-
-
-
-
45,942,725
9,268,994
519,130
592,861
364,041
595,226
15,526
-
-
1,146,519
-
-
-
-
-
-
-
-
-
-
24,304
-
5,985,621
-
606,472
-
-
1,044,149
-
-
-
-
-
878,450
612,484
-
37,486,292
6,588,102
423,532,432
259,449,547
191,988
-
131,346
242,271
-
-
390,000
130,087
1,270,287
-
391,988
-
-
-
-
-
-
-
-
906,707
729,201
-
31/12/2012
USD
2,668
-
1,524
-
-
-
-
-
-
98,644
285,923
-
-
43,354
126,151
60,093
78,984
-
86,491
-
-
-
137,471
-
190,220
189,027,145
-
-
-
-
-
-
182,879
158,392
-
-
330,998
140,108,673
-
-
63,651
83,368,654
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
57,572
6,032
-
-
39,089
86,881,828
-
-
9,494
138,513,643
-
-
-
-
-
-
The accompanying notes form an integral part of these financial statements
189
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
190
2
4
31/12/2012
EUR
446,182,030
94,408,255
146,860,074
452,427,409
361,622,115
-
-
22,531,906
-
158,998,031
561,414,070
12,137,957
108,986,661
-
-
-
443,118,540
81,496,425
-
-
609,381
1,172,787
4,326,567
1,809,734
-
-
-
-
-
-
-
-
-
4,544
524,020
24,205
6,842,512
226,336
26,720
-
204,282
-
-
-
-
-
-
2
31/12/2013
EUR
566,695,275
-
Unrealised net appreciation on forward foreign exchange contracts
31/12/2012
EUR
168,953,497
116,940,161
3,687
Brokers receivable
Index Equity Europe
117,604,154
-
Dividends receivable
Subscribers receivable
Index Equity Euro
1,935,623
-
-
-
-
-
-
-
-
-
635,120
614,355
4,281
-
-
-
-
-
77,931
9,019,322
360,122
303,397
-
-
-
-
-
-
-
-
-
-
-
118,908
-
-
-
-
-
40,239
-
-
28,373
8,830,345
138,035
77,799
-
7,570
-
20,285
28,497
35,412
134,129
109,984
21,061
27,087
87,958
55,090
-
-
-
117,526,223
-
-
-
159,934,175
-
-
-
566,335,153
-
-
-
445,878,633
Index Equity North America
31/12/2013
EUR
Index Equity Pacific
31/12/2012
EUR
31/12/2013
EUR
Index Equity World
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
127,887,401
-
855,448,455
551,376,441
113,434,819
109,664,260
128,657,932
608,732,688
428,569,254
101,531,271
100,087,464
123,062,943
-
-
-
848,532,254
549,813,380
239,799,566
121,244,126
-
-
-
112,811,328
11,280,057
-
109,058,495
8,971,031
-
531,308,927
-
319,317,191
479,140,726
-
-
-
-
-
15,670,599
-
-
4,824,458
-
473,039
420,354
683,640
-
-
-
-
-
-
-
-
-
-
-
2,990,471
5,264,680
-
2,101,694
14,296,138
-
2,556,511
9,537,782
-
-
-
-
-
-
2,738
372,350
3,169
109,362
2,575
25,772
11,151
23,309
1,010,000
-
-
47,805
-
-
-
-
-
-
-
-
-
-
-
-
-
-
63,582
-
-
-
-
-
-
-
-
-
16,464,161
-
1,102,950
-
126,455
-
6,451,005
-
121,511
-
-
-26,877,140
485,591,731
-
882,666
-
-
292,440,051
-
849,531
-
31/12/2012
EUR
316,005,041
305,470
-
31/12/2013
EUR
-
3,844,358
-
Index Global Bond (EUR) Hedged
-
242,977
-
-
-
11,455
113,550
29,430
-
-
3,286,034
772,811
57,390
199,968
70,106
-
2,532,105
27,324,855
-
-
-
-
-
-
-
-
-
-
-
-
238,602
-
-
-
39,857
-
75,021
56,453
-
-
-
-
337,708
16,386
-
-
-
211,229
145,545
28,442
153,333
50,956
12,562
-
1,013,267
852,162,421
-
-
-
550,603,630
-
-
1,908,205
-
-
-
-
113,377,429
-
-
-
-
-
-
-
25,481
5,219
11,248
8,434
-
48,361
109,464,292
-
-
128,587,826
-
-
-
-
-
2,180,000
-
-
-
-
27,002,890
-
-
-
104,727
-
72,881
-
102,762
138,006
-
71,735
103,900
-
-
-
-
-
-
313,472,936
80,059
-
-
-
503,984,072
The accompanying notes form an integral part of these financial statements
191
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
Brokers receivable
Absolute Bonds & Currencies
31/12/2012
EUR
112,412,127
14,241,685
142,951,893
107,538,053
528,400
1,257,395
674,642
-
142,959,505
7,612
1,514,895
107,657,917
119,864
500,398
1,300,000
2,000,000
-
-
-
-
3,467,431
-
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
192
2
4
-
-
-
20,619
-
Liabilities
-
-
-
-
Options sold at market value
-
-
-
2
-
-
-
-
Unrealised net appreciation on swaps and CFD
-
-
27,967
505,949
-
-
31/12/2012
EUR
4,213
1,022,551
Receivable on spot exchange
-
13,684,503
2
Other assets
815
1,548,787
-
2
529,215
2,140,612
Unrealised net appreciation on forward foreign exchange contracts
Unrealised net appreciation on futures contracts
31/12/2013
EUR
152,154,180
6,686
Dividends receivable
Subscribers receivable
Absolute Forex
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,392,243
1,312,475
4,232,227
-
1,430,298
408,996
-
-
-
-
1,200,160
429,886
-
102,011
-
-
-
120,036
-
540,150
149,761,937
542,880
-
-
4,221,841
-
-
215,866
-
-
-
4,624
-
1,984
91,214
1,645
-
-
462,515
111,099,652
-
-
2,133
10,009,458
-
-
-
-
-
-
-
-
-
-
-
-
Absolute Global Macro 2
Absolute Global Macro 4
31/12/2013
EUR
31/12/2013
EUR
31/12/2012
EUR
Absolute Statistical Arbitrage
31/12/2012
EUR
31/12/2013
EUR
Absolute Equity Market Neutral
31/12/2012
EUR
31/12/2013
EUR
236,314,822
64,480,094
67,304,832
104,796,482
10,644,528
53,331,278
10,711,941
217,372,107
56,008,750
57,497,349
96,430,294
9,462,135
49,369,487
9,995,606
1,150,362
649,372
914,183
2,382,965
27,125
-
27,125
217,521,577
149,470
1,072,140
57,088,961
1,080,211
1,146,867
57,557,015
59,666
1,009,924
98,382,086
1,951,792
4,090,711
9,468,867
6,732
26,963
49,005,479
-364,008
-
9,997,427
1,821
26,960
3,641,572
1,590,916
2,706,258
2,139,345
1,128,650
2,705,487
665,759
10,600,000
2,000,000
5,200,000
-
-
-
-
-
460,487
-
-
-
-
-
-
78,578
-
-
1,499,730
31,293
220,829
130,685
755,594
4,103
57,631
4,284
-
-
-
10,024
-
9,523
2,409,656
2,471,747
302,358
-
-
-
100
362,794
-
700
-
-
2,711
303,928
-
-
294,763
12,794
-
136,148
-
-
498
-
-
-
7,823
-
-
-
-
40,245
5,261
-
-
-
-
685,192
-
-
-
116,711
136,981
457,569
-
31/12/2012
EUR
13,168
250
9,288
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,811,021
10,829,941
807,636
5,699,613
318,787
350,319
259,095
-
418,686
709,684
457,374
2,403,583
22,775
-
22,775
-
-
7,946,900
-
3,532,500
78,093
590,507
131,697
115,500
-
17,884
-
-
39,225
53,786
79,815
110,620
181,381
20,216
422,062
694,440
151,023
-
-
-
1,411,617
233,503,801
472,811
-
-
-
-
-
1,722,024
53,650,153
243,680
-
86,634
-
-
-
235,005
66,497,196
1,667,128
-
-
-
-
-
203,104
99,096,869
15,600
240,007
-
-
-
-
-
-
-
-
-
-
-
-
-
17,727
52,980,959
-
-
-
-
-
-
10,452,846
-
32,175
-
-
-
-
88,853
-
-
-
39,230
243,739
3,739
170,000
-
-
10,325,741
15,600
2,090
-
-
-
The accompanying notes form an integral part of these financial statements
193
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Absolute High Yield
2
2
2
Absolute Volatility Arbitrage
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
59,294,133
95,321,516
239,565,408
160,724,673
51,421,249
46,116,663
97,102,123
119,105,504
-
-
5,618,426
12,729,169
31,125,603
17,503,387
52,213,741
792,492
-
974,919
47,649,664
1,533,001
-
1,293,989
98,363,085
1,260,962
6,122,107
118,639,150
-466,354
9,139,960
4,945,000
45,170,751
101,341,054
Interest receivable
753,334
969,577
64,368
346,921
Brokers receivable
-
-
109,364
182,316
Time deposits
Dividends receivable
Subscribers receivable
-
Unrealised net appreciation on forward foreign exchange contracts
2
Unrealised net appreciation on swaps and CFD
2
Unrealised net appreciation on futures contracts
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
194
-
2
4
13,911
-
-
-
21,417
-
11
1,710,142
9,999,490
-
5,724
134,020
-
1,233,355
1,184,350
353,782
211,147
-
146
4,971
4,971
-
-
34,475
-
-
-
-
-
-
-
1,145,398
1,295,194
26,252,185
9,432,724
-
-
7,728,413
5,662,874
-
-
-
3,605
-
-
-
346,000
14,386,822
9,169
1,903,244
-
858,229
272,859
-
2,340
111,986
166,252
5,326
-
-
58,148,735
8,483,607
5,727,723
-
333,534
513,455
869,520
500,954
2,051,504
175,461
155,922
277,325
482,564
112,782
173,118
6,801
-
-
94,026,322
-
195,399
-
213,313,223
-
-
-
151,291,949
Absolute Volatility Arbitrage Plus
31/12/2013
EUR
Absolute Volatility Euro Equities
31/12/2012
EUR
31/12/2013
EUR
Absolute Volatility World Equities
31/12/2012
EUR
31/12/2013
USD
Absolute Global Dividend
31/12/2012
USD
31/12/2013
EUR
90,141,906
139,913,246
1,384,671,928
2,881,636,728
1,453,916,278
2,886,653,105
85,151,456
38,756,891
71,876,646
424,181,052
941,588,729
323,781,329
944,567,346
7,951,469
4,290,077
17,687,831
496,177,833
1,099,673,185
649,424,712
1,259,546,664
-
39,638,871
881,980
5,404,494
13,124,143
71,781,254
-95,392
12,635,198
15,992,406
424,201,726
941,783,670
20,674
194,941
329,643,649
5,862,320
971,126,001
26,558,655
556,395,596
1,103,935,910
671,632,280
1,241,809,725
102,253,986
27,107,580
73,034,295
76,575,386
7,958,457
6,988
-
10,588,529
32,423,821
32,598,733
360,532,940
790,124,943
399,476,705
578,171,401
63,779,500
20,123
231,110
241,794
520,527
202,713
503,125
5,163
99,782
258,927
522,721
1,362,985
-
-
22,368
-
-
-
-
-
-
-
-
-
-
-
1,072,163
-
-
13,500,155
-
6,744,148
191,486
-
-
-
-
-
2,807,194
-
-
1,492
-
-
-
-
-
-
-
-
-
-
362,219
9,796,547
12,271,573
132,263,733
260,016,895
168,342,184
300,536,376
1,538,610
-
7,050,755
8,331,513
37,219,935
269,673,595
145,774,608
298,211,198
-
-
-
-
-
-
-
-
-
-
3,393,287
1,012,304
-
-
-
7,680,572
300,001
1,323,645
5,959
-
-
8,014,517
419,771
463,758
-
-
-
-
21,307,133
220,058,310
1,057,927
13,653,690
80,000,000
-
-
-
-
-
-
-
-
-
-
-
1,533
-
-
-
12,613
-
-
-
-
729,036
1,524,006
-
-
610,198
1,818,768
31/12/2012
EUR
-
111,172,902
15,862,813
-
-
207,340,530
41,119,148
-
6,729,919
17,080,435
1,473,250
-
34,723,753
31,054,093
-
-
-
10,682,535
-
-
-
-
-
84,739
2,778,354
17,141,786
143,661
216,454
3,511,300
5,872,408
3,213,569
4,669,445
138,938
101,651
378,719
2,515,668
2,990,313
1,895,897
2,277,338
387,368
156,319
-
80,345,359
-
-
127,641,673
-
-
-
1,252,408,195
361,739
2,621,619,833
-
-
1,285,574,094
-
-
2,586,116,729
-
-
83,612,846
-
-
-
-
-
-
-
-
-
-
-
-
The accompanying notes form an integral part of these financial statements
195
Statement of Net Assets
Note
31/12/2013
EUR
English
Assets
Securities portfolio at market value
Acquisition Cost
Unrealised gain/loss on the securities portfolio
Options purchased at market value
Options purchased at cost
Cash at banks and liquidities
Reverse repurchase agreements
Time deposits
2
2
2
Interest receivable
Brokers receivable
2
Unrealised net appreciation on swaps and CFD
2
Receivable on spot exchange
2
Other assets
Liabilities
Options sold at market value
Options sold at cost
Bank Overdrafts
Repurchase agreements
Brokers payable
Subscribers payable
2
2
Unrealised net depreciation on forward foreign exchange contracts
2
Unrealised net depreciation on swaps and CFD
2
Unrealised net depreciation on futures contracts
Accrued management fees
Payable on spot exchange
Other liabilities
Net asset value
The accompanying notes form an integral part of these financial statements
196
2
4
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
999,562,261
392,235,618
340,500,121
766,804,389
894,268,602
315,768,349
317,268,196
-
-
-
767,218,810
414,421
-
894,915,559
646,957
-
316,072,707
304,358
-
367,893
-
-
512,770
53,000,000
94,000,000
41,700,000
10,000,000
-
1,883
792
1,204
-
1,121,701
-
517,995
317,636,089
240,584
54,936,627
-
Unrealised net appreciation on forward foreign exchange contracts
Unrealised net appreciation on futures contracts
Cash USD
878,589,253
749,973
Dividends receivable
Subscribers receivable
Cash EUR
19,999,098
173,366
-
2,443,259
9,010,101
13,771,660
-
-
-
-
-
-
247
-
-
-
-
-
-
-
-
615,536
9,999,850
21,103
-
2,204,621
21,718
-
-
-
-
10,024,857
37,799,151
2,339,738
2,833,084
-
-
-
-
-
-
-
23
-
291,453
-
-
-
695,295
-
-
-
-
-
-
9,455,511
36,556,388
1,524,094
2,693,987
-
-
-
-
-
3,583
-
-
-
-
-
-
301,552
646,889
64,573
63,262
264,188
304,421
55,776
75,835
-
868,564,396
-
961,763,110
-
389,895,880
-
337,667,037
Combined
31/12/2013
EUR
31/12/2012
EUR
19,489,046,493 19,469,889,433
16,642,443,553
15,332,011,647
15,607,411,597
14,266,197,286
1,014,595,563
2,102,399,988
1,035,031,956
1,065,814,361
1,091,002,214
2,084,969,932
922,379,244
1,324,018,870
470,835,973
123,862,366
110,265,792
5,133,890
33,005,870
67,117,373
11,932,477
267,728,592
112,584,949
75,011,077
13,291,845
62,814,450
50,056,284
20,402,491
19,647,883
14,258,154
59,501,589
90,991,032
1,047,412,324
1,166,360,367
187,405,027
522,155,692
414,859,655
308,113,642
4,574,149
3,750,771
143,642,991
82,061,703
794,581
3,525,473
402,656,723
49,005,978
129,297,924
107,156,522
7,458,485
24,208,287
67,310,097
97,127,014
43,522,145
30,844,592
32,648,406
33,665,818
39,028,503
59,479,551
28,102,864
2,506,457
90,911,393
20,163,941
18,441,634,169 18,303,529,066
The accompanying notes form an integral part of these financial statements
197
Financial Details Relating to the Last 3 Years
Equity Euroland Value
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
68,133,316
62,274,375
165,081,058
AE ( C )
Number of shares
Net asset value per share
EUR
30,491.15
114.46
40,426.98
94.27
42,488.74
81.94
AHK ( C )
Number of shares
Net asset value per share
CZK
13,045.04
2,751.37
10,734.60
2,273.84
2,765.82
1,997.16
FE ( C )
Number of shares
Net asset value per share
EUR
8,088.00
110.47
4,011.77
91.65
3,492.05
80.79
IE ( C )
Number of shares
Net asset value per share
EUR
3,701.18
1,176.58
3,701.18
963.72
7,471.18
828.64
IE ( D )
Number of shares
Net asset value per share
EUR
1.00
1,076.03
0.00
0.00
88,950.00
992.42
ME ( C )
Number of shares
Net asset value per share
EUR
434,729.69
117.65
494,958.15
96.37
735,264.03
82.86
OE ( C )
Number of shares
Net asset value per share
EUR
5,366.00
1,200.56
5,559.00
979.37
6,726.33
835.40
SE ( C )
Number of shares
Net asset value per share
EUR
4,344.85
113.64
4,761.03
93.79
1,114.29
81.86
31/12/13
30/06/13
30/06/12
JPY
11,835,991,728
7,430,254,739
6,091,682,628
AE ( C )
Number of shares
Net asset value per share
EUR
14,674.15
123.62
17,744.30
117.09
11,717.10
112.47
AE ( D )
Number of shares
Net asset value per share
EUR
185.00
105.89
0.00
0.00
0.00
0.00
AHE ( C )
Number of shares
Net asset value per share
EUR
218,050.33
150.87
163,285.07
127.91
136,020.88
97.52
AJ ( C )
Number of shares
Net asset value per share
JPY
110,119.68
15,410.04
131,146.25
13,020.49
161,103.93
9,807.13
Total Net Assets
Equity Japan Target
Total Net Assets
198
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Equity Japan Target
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AJ ( D )
Number of shares
Net asset value per share
JPY
2,709.06
12,957.18
3,096.23
10,942.06
3,615.08
8,245.48
FHE ( C )
Number of shares
Net asset value per share
EUR
29,596.54
145.80
15,637.54
124.52
9,756.77
96.12
FJ ( C )
Number of shares
Net asset value per share
JPY
20,953.65
14,798.50
17,107.32
12,662.74
1,382.43
9,694.49
IHE ( C )
Number of shares
Net asset value per share
EUR
1,064.29
1,300.46
0.66
1,096.46
5,251.01
825.84
IJ ( C )
Number of shares
Net asset value per share
JPY
20,388.21
158,515.42
9,643.32
133,058.74
19,938.08
99,041.05
IJ ( D )
Number of shares
Net asset value per share
JPY
0.73
132,266.12
0.73
111,773.66
1.63
83,258.46
MHE ( C )
Number of shares
Net asset value per share
EUR
12,381.07
128.66
14,440.48
108.59
6,194.08
81.84
MJ ( C )
Number of shares
Net asset value per share
JPY
2,433.21
15,786.27
40,321.23
13,254.97
42,467.54
9,876.06
RJ ( C )
Number of shares
Net asset value per share
JPY
392.38
11,512.25
0.00
0.00
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
23,261.44
122.12
16,220.54
103.72
1,482.59
79.46
SJ ( C )
Number of shares
Net asset value per share
JPY
1,442.67
14,767.58
1,454.39
12,503.66
34.81
9,456.27
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
137,370,853
117,511,886
116,324,534
EUR
182,166.59
150.83
169,882.65
132.32
187,161.27
121.23
Equity US Concentrated Core
Total Net Assets
AE ( C )
Number of shares
Net asset value per share
199
Financial Details Relating to the Last 3 Years
Equity US Concentrated Core
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AHE ( C )
Number of shares
Net asset value per share
EUR
27,010.97
139.94
19,000.87
116.20
35,578.93
104.67
AU ( C )
Number of shares
Net asset value per share
USD
398,193.31
143.92
361,089.20
119.11
414,960.14
106.54
AU ( D )
Number of shares
Net asset value per share
USD
2,740.63
144.11
1,345.15
119.27
1,761.68
106.70
FHE ( C )
Number of shares
Net asset value per share
EUR
21,285.16
134.71
10,435.91
112.71
30,055.79
102.96
FU ( C )
Number of shares
Net asset value per share
USD
19,322.39
138.79
23,338.47
115.68
31,338.17
104.92
IHE ( C )
Number of shares
Net asset value per share
EUR
6,172.58
1,434.59
9,308.75
1,184.63
10,422.77
1,055.39
IU ( C )
Number of shares
Net asset value per share
USD
5,990.21
1,469.98
16,048.33
1,209.76
12,088.20
1,070.81
IU ( D )
Number of shares
Net asset value per share
USD
3.64
1,478.46
2.22
1,216.50
97.92
1,075.91
MHE ( C )
Number of shares
Net asset value per share
EUR
19.55
143.60
73.30
119.06
10.00
106.80
MU ( C )
Number of shares
Net asset value per share
USD
18,920.50
147.36
366.60
121.37
4,032.07
107.48
SHE ( C )
Number of shares
Net asset value per share
EUR
724.51
125.98
744.40
104.83
95.11
95.15
SU ( C )
Number of shares
Net asset value per share
USD
44,676.33
135.07
36,743.93
112.01
37,124.91
100.62
200
Financial Details Relating to the Last 3 Years
Equity US Relative Value
31/12/13
30/06/13
30/06/12
USD
668,466,322
513,078,471
409,770,885
AE ( C )
Number of shares
Net asset value per share
EUR
508,225.63
153.63
102,063.24
140.99
111,328.43
113.32
AE ( D )
Number of shares
Net asset value per share
EUR
503.50
118.87
100.00
109.14
0.00
0.00
AHE ( C )
Number of shares
Net asset value per share
EUR
177,400.82
142.81
260,873.16
123.78
258,016.27
97.92
AHK ( C )
Number of shares
Net asset value per share
CZK
19,393.27
3,442.56
16,252.18
3,001.18
16,918.72
2,387.03
AU ( C )
Number of shares
Net asset value per share
USD
733,056.15
146.68
768,627.90
126.96
889,811.45
99.63
AU ( D )
Number of shares
Net asset value per share
USD
54,539.09
145.70
51,531.48
126.12
13,584.19
99.62
FHE ( C )
Number of shares
Net asset value per share
EUR
12,580.55
137.83
11,491.85
120.43
10,853.34
96.50
FU ( C )
Number of shares
Net asset value per share
USD
32,930.53
141.58
40,604.22
123.43
38,485.48
98.22
IHE ( C )
Number of shares
Net asset value per share
EUR
83,075.48
1,463.60
80,825.76
1,262.97
79,331.87
990.38
IU ( C )
Number of shares
Net asset value per share
USD
141,024.27
1,508.90
146,736.86
1,298.34
156,335.51
1,008.40
IU ( D )
Number of shares
Net asset value per share
USD
1,176.86
1,496.13
1,015.29
1,293.26
103.67
1,008.40
MHE ( C )
Number of shares
Net asset value per share
EUR
1,623.79
145.77
4,513.18
125.84
24,031.40
99.63
MU ( C )
Number of shares
Net asset value per share
USD
87,459.38
150.22
94,143.73
129.33
38,488.08
100.75
Total Net Assets
Period/Year ending as of:
201
Financial Details Relating to the Last 3 Years
Equity US Relative Value
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
RU ( C )
Number of shares
Net asset value per share
USD
467.00
103.47
0.00
0.00
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
9,160.05
139.89
2,836.75
121.61
247.86
97.41
SU ( C )
Number of shares
Net asset value per share
USD
18,390.07
142.76
9,440.74
123.85
1,717.66
98.36
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
171,602,720
149,982,439
154,376,291
AE ( C )
Number of shares
Net asset value per share
EUR
9,527.44
116.12
10,058.65
107.56
10,116.81
100.85
AE ( D )
Number of shares
Net asset value per share
EUR
1,637.00
116.41
1,342.00
107.82
50.00
101.13
AU ( C )
Number of shares
Net asset value per share
USD
13,951,194.07
9.58
14,159,860.27
8.37
15,124,414.39
7.66
AU ( D )
Number of shares
Net asset value per share
USD
264,223.38
9.27
301,619.72
8.10
359,775.47
7.42
A2U ( C )
Number of shares
Net asset value per share
USD
219,095.08
9.58
194,515.44
8.37
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
414.84
106.70
762.49
93.89
2.00
87.16
IE ( C )
Number of shares
Net asset value per share
EUR
2,000.00
1,003.89
0.00
0.00
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
12,564.92
1,346.32
13,028.78
1,171.28
21,835.86
1,063.34
OU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
0.00
0.00
1,000.00
106.41
Equity Global Select
Total Net Assets
202
Financial Details Relating to the Last 3 Years
Equity Global Select
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SE ( C )
Number of shares
Net asset value per share
EUR
1,869.73
111.32
1,230.91
103.32
1,521.97
97.26
SU ( C )
Number of shares
Net asset value per share
USD
1,272,644.14
9.09
1,290,645.46
7.96
1,500,218.60
7.32
31/12/13
30/06/13
30/06/12
JPY
17,775,315,476
14,522,154,644
4,071,684,176
AE ( C )
Number of shares
Net asset value per share
EUR
28,678.65
124.58
13,104.75
123.55
16,600.84
107.53
AHE ( C )
Number of shares
Net asset value per share
EUR
345,157.62
104.05
0.00
0.00
0.00
0.00
AJ ( C )
Number of shares
Net asset value per share
JPY
406,477.10
9,487.00
439,396.53
8,392.00
321,626.13
5,727.00
AJ ( D )
Number of shares
Net asset value per share
JPY
37,427.05
15,856.00
58,326.90
14,026.00
41,252.29
9,594.00
FJ ( C )
Number of shares
Net asset value per share
JPY
4,032.30
15,060.00
4,200.76
13,418.00
7,769.44
9,286.00
IHE ( C )
Number of shares
Net asset value per share
EUR
1,056.00
1,047.68
0.00
0.00
0.00
0.00
IJ ( C )
Number of shares
Net asset value per share
JPY
62,776.54
100,125.00
72,385.02
88,171.00
13,726.08
59,649.00
I2 ( D )
Number of shares
Net asset value per share
JPY
29,373.00
8,218.00
36,073.00
7,282.00
55,633.00
5,015.00
I9 ( C )
Number of shares
Net asset value per share
JPY
32,843.00
11,260.00
24,295.00
9,891.00
25,340.00
6,658.00
MHE ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
175,121.29
107.02
0.00
0.00
Equity Japan Value
Total Net Assets
Period/Year ending as of:
203
Financial Details Relating to the Last 3 Years
Equity Japan Value
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
MJ ( C )
Number of shares
Net asset value per share
JPY
4,883.66
15,977.00
4,581.62
14,070.00
3,973.43
9,518.00
SHE ( C )
Number of shares
Net asset value per share
EUR
1,164.65
108.45
0.00
0.00
0.00
0.00
SJ ( C )
Number of shares
Net asset value per share
JPY
42,423.89
9,251.00
46,498.52
8,200.00
49,194.56
5,619.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
264,948,233
218,077,745
110,628,715
AE ( C )
Number of shares
Net asset value per share
EUR
217,984.88
158.42
230,316.67
132.22
328,517.76
112.14
AE ( D )
Number of shares
Net asset value per share
EUR
9,699.97
143.42
4,745.71
121.10
2,775.88
104.11
FE ( C )
Number of shares
Net asset value per share
EUR
12,167.18
116.21
12,197.44
97.68
13,751.69
84.01
IE ( C )
Number of shares
Net asset value per share
EUR
99,151.61
1,644.71
94,904.97
1,367.97
30,637.58
1,153.47
ME ( C )
Number of shares
Net asset value per share
EUR
364,401.66
122.56
400,266.84
101.92
282,483.05
85.82
OE ( C )
Number of shares
Net asset value per share
EUR
5,439.77
1,502.95
4,662.00
1,245.20
3,500.00
1,040.95
SE ( C )
Number of shares
Net asset value per share
EUR
70,605.47
165.68
68,051.62
138.57
77,279.87
117.99
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
123,122,214
108,311,668
99,662,310
EUR
265,066.60
172.01
274,675.62
148.38
306,902.93
125.84
Equity Euro Select
Total Net Assets
Equity Europe Select
Total Net Assets
AE ( C )
Number of shares
Net asset value per share
204
Financial Details Relating to the Last 3 Years
Equity Europe Select
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AE ( D )
Number of shares
Net asset value per share
EUR
6,384.18
159.78
5,089.25
138.53
2,949.79
118.74
FE ( C )
Number of shares
Net asset value per share
EUR
4,311.43
121.10
3,291.26
104.72
2,469.64
90.07
IE ( C )
Number of shares
Net asset value per share
EUR
36,024.92
1,785.03
37,560.31
1,531.20
39,931.44
1,293.42
ME ( C )
Number of shares
Net asset value per share
EUR
2,441.68
127.57
6,432.27
109.35
2,941.91
92.11
OE ( C )
Number of shares
Net asset value per share
EUR
3,501.70
1,247.87
2,279.00
1,063.60
2,636.30
889.18
SE ( C )
Number of shares
Net asset value per share
EUR
36,991.06
189.23
35,968.63
163.12
44,665.50
138.95
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
383,579,030
216,667,570
85,813,351
AE ( C )
Number of shares
Net asset value per share
EUR
762,631.18
134.33
562,100.46
111.05
216,457.52
87.94
AE ( D )
Number of shares
Net asset value per share
EUR
23,316.98
134.65
21,693.02
111.32
11,764.75
87.94
FE ( C )
Number of shares
Net asset value per share
EUR
33,604.40
130.37
17,867.80
108.55
7,938.54
86.94
IE ( C )
Number of shares
Net asset value per share
EUR
73,601.62
1,374.82
32,472.55
1,130.46
2,888.88
887.55
ME ( C )
Number of shares
Net asset value per share
EUR
1,099,114.34
137.86
911,301.42
113.34
647,243.66
88.74
OE ( C )
Number of shares
Net asset value per share
EUR
5,987.48
1,439.59
4,805.71
1,178.71
3,572.68
912.18
Equity Euroland Small Cap
Total Net Assets
205
Financial Details Relating to the Last 3 Years
Equity Euroland Small Cap
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
92,086.97
133.37
38,241.89
110.50
20,480.36
87.65
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
70,657,277
54,170,327
135,278,897
AE ( C )
Number of shares
Net asset value per share
EUR
57,288.14
37.77
41,727.36
42.28
54,427.64
81.43
AE ( D )
Number of shares
Net asset value per share
EUR
5,168.39
40.19
4,599.00
44.97
126.00
86.64
AU ( C )
Number of shares
Net asset value per share
USD
740,995.05
36.10
685,623.09
38.07
815,095.92
71.58
A2U ( C )
Number of shares
Net asset value per share
USD
29,642.45
36.35
24,035.01
38.07
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
1,055.56
52.21
471.71
55.71
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
54,376.47
35.08
41,508.18
37.00
42,472.73
70.55
IE ( C )
Number of shares
Net asset value per share
EUR
12,451.65
867.63
0.00
0.00
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
51,098.24
369.63
53,079.76
388.06
90,835.87
723.10
MU ( C )
Number of shares
Net asset value per share
USD
18,058.51
36.96
17,058.74
38.73
10,985.89
72.19
OU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
0.00
0.00
700.00
816.24
RU ( C )
Number of shares
Net asset value per share
USD
629.00
101.51
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
Equity Global Gold Mines
Total Net Assets
206
Financial Details Relating to the Last 3 Years
Equity Global Gold Mines
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SHE ( C )
Number of shares
Net asset value per share
EUR
26,999.14
33.30
10,869.95
35.28
2,288.78
67.52
SU ( C )
Number of shares
Net asset value per share
USD
53,362.11
34.42
34,849.77
36.30
15,342.44
68.52
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
191,571,083
149,854,499
80,932,281
AE ( C )
Number of shares
Net asset value per share
EUR
616,844.06
135.56
552,306.36
127.36
313,445.55
110.77
AE ( D )
Number of shares
Net asset value per share
EUR
10,438.00
116.66
8,426.84
109.61
199.94
95.54
AU ( C )
Number of shares
Net asset value per share
USD
127,758.26
129.41
131,676.49
114.71
257,342.25
97.39
AU ( D )
Number of shares
Net asset value per share
USD
5,927.77
113.07
1,312.77
100.24
0.00
0.00
A2U ( C )
Number of shares
Net asset value per share
USD
201,971.91
129.39
172,798.71
114.68
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
8,232.50
121.55
7,151.79
108.78
1,334.14
94.42
FU ( C )
Number of shares
Net asset value per share
USD
43,960.42
125.02
37,938.72
111.60
28,194.15
96.09
MU ( C )
Number of shares
Net asset value per share
USD
46,954.01
132.86
40,565.24
117.16
14,989.85
98.50
OU ( C )
Number of shares
Net asset value per share
USD
4,380.62
1,406.42
4,743.51
1,234.50
6,675.81
1,028.63
RU ( C )
Number of shares
Net asset value per share
USD
257.00
102.03
0.00
0.00
0.00
0.00
Equity Global Luxury and Lifestyle
Total Net Assets
207
Financial Details Relating to the Last 3 Years
Equity Global Luxury and Lifestyle
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SHE ( C )
Number of shares
Net asset value per share
EUR
33,696.16
117.84
22,336.43
104.92
526.99
90.15
SU ( C )
Number of shares
Net asset value per share
USD
53,842.52
121.93
30,197.15
108.28
5,550.56
92.32
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
172,114,727
160,903,468
166,345,879
AE ( C )
Number of shares
Net asset value per share
EUR
18,566.82
145.09
21,711.25
139.41
22,805.66
134.23
AHE ( C )
Number of shares
Net asset value per share
EUR
66,895.66
123.22
18,187.05
111.98
15,795.26
106.13
AU ( C )
Number of shares
Net asset value per share
USD
425,445.11
96.06
535,744.94
87.06
679,687.88
81.84
AU ( D )
Number of shares
Net asset value per share
USD
10,715.24
106.16
12,356.45
96.22
13,062.75
90.46
A2U ( C )
Number of shares
Net asset value per share
USD
29,170.10
96.05
27,984.92
87.05
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
5,237.67
107.61
5,615.51
98.49
98.78
95.17
FU ( C )
Number of shares
Net asset value per share
USD
4,801.03
100.12
7,055.02
91.39
4,125.69
87.13
IHE ( C )
Number of shares
Net asset value per share
EUR
47,071.74
1,230.01
42,001.58
1,112.52
39,144.41
1,043.78
IU ( C )
Number of shares
Net asset value per share
USD
3,096.56
1,016.52
12,120.82
916.67
25,664.41
853.25
MU ( C )
Number of shares
Net asset value per share
USD
80,998.53
141.58
109,338.97
127.68
63,794.52
118.85
Equity Global Agriculture
Total Net Assets
208
Financial Details Relating to the Last 3 Years
Equity Global Agriculture
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SHE ( C )
Number of shares
Net asset value per share
EUR
3,786.12
114.04
3,449.51
103.88
1,400.89
98.37
SU ( C )
Number of shares
Net asset value per share
USD
170,377.81
93.84
192,594.93
85.23
269,126.36
80.44
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
105,322,696
47,482,959
82,858,741
AE ( C )
Number of shares
Net asset value per share
EUR
138,150.79
82.28
193,706.04
80.07
75,500.42
87.21
AU ( C )
Number of shares
Net asset value per share
USD
113,087.83
70.78
134,789.96
65.03
212,558.27
69.14
AU ( D )
Number of shares
Net asset value per share
USD
2,502.98
74.11
2,486.98
68.00
2,734.46
72.30
A2U ( C )
Number of shares
Net asset value per share
USD
3,035.73
71.07
2,820.52
65.03
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
330.77
88.39
101.42
82.11
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
10,273.24
75.89
12,061.72
70.03
16,553.56
75.60
IU ( C )
Number of shares
Net asset value per share
USD
26,110.57
741.64
16,091.16
677.77
63,442.34
720.76
MU ( C )
Number of shares
Net asset value per share
USD
28,119.91
79.57
8,135.34
72.71
66,673.23
77.44
ORHE ( C )
Number of shares
Net asset value per share
EUR
37,047.43
1,035.42
0.00
0.00
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
2,731.55
70.89
1,427.02
65.41
515.37
71.68
Equity Global Resources
Total Net Assets
209
Financial Details Relating to the Last 3 Years
Equity Global Resources
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
82,848.40
68.89
90,481.16
63.33
109,183.31
67.96
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
149,656,358
209,792,366
198,020,458
AU ( C )
Number of shares
Net asset value per share
USD
221,519.20
96.35
353,086.61
107.21
770,596.63
92.06
AU ( D )
Number of shares
Net asset value per share
USD
20,337.28
79.70
24,036.83
88.69
29,650.63
76.39
A2U ( C )
Number of shares
Net asset value per share
USD
320,099.25
96.33
418,084.36
107.20
0.00
0.00
A2U ( D )
Number of shares
Net asset value per share
USD
653.72
79.65
775.72
88.69
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
11,323.80
95.68
12,939.77
107.23
5,511.39
94.12
IU ( C )
Number of shares
Net asset value per share
USD
986.14
998.85
1,290.24
1,106.20
4,396.98
953.11
I4 ( C )
Number of shares
Net asset value per share
USD
808,500.00
100.09
952,000.00
110.59
1,194,800.00
93.66
I9 ( C )
Number of shares
Net asset value per share
USD
4,187.00
112.73
4,972.00
124.47
6,075.00
105.26
MU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
4,392.66
97.62
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
132,846.54
92.93
152,237.24
103.62
83,744.06
90.20
SU ( C )
Number of shares
Net asset value per share
Equity ASEAN
Total Net Assets
210
Financial Details Relating to the Last 3 Years
Equity Asia ex Japan
31/12/13
30/06/13
30/06/12
USD
224,236,344
213,554,279
259,143,526
AE ( C )
Number of shares
Net asset value per share
EUR
203,942.35
99.26
244,188.32
94.12
343,249.69
88.97
AU ( C )
Number of shares
Net asset value per share
USD
2,838,869.80
26.62
3,265,371.49
23.82
4,565,084.44
21.98
AU ( D )
Number of shares
Net asset value per share
USD
68,313.66
26.12
69,917.35
23.36
121,824.48
21.56
A2U ( C )
Number of shares
Net asset value per share
USD
419,644.85
26.70
430,873.14
23.81
0.00
0.00
A2U ( D )
Number of shares
Net asset value per share
USD
25,168.69
26.19
25,168.69
23.36
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
12,844.87
94.08
16,386.87
84.55
18,576.72
79.18
IU ( C )
Number of shares
Net asset value per share
USD
28,068.54
2,830.33
27,158.43
2,520.97
39,920.41
2,305.08
MU ( C )
Number of shares
Net asset value per share
USD
129,176.50
106.50
123,411.48
94.89
122,325.83
86.76
SU ( C )
Number of shares
Net asset value per share
USD
251,180.92
25.24
274,281.13
22.63
389,329.34
20.97
XU ( C )
Number of shares
Net asset value per share
USD
4,543.36
1,401.88
4,543.36
1,244.45
4,543.36
1,132.80
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
85,741,881
105,505,733
133,809,100
AE ( C )
Number of shares
Net asset value per share
EUR
15,733.25
67.19
20,630.91
71.57
95.00
79.67
AU ( C )
Number of shares
Net asset value per share
USD
536,762.98
81.72
697,015.02
82.10
941,782.17
89.21
Total Net Assets
Equity Brazil
Total Net Assets
Period/Year ending as of:
211
Financial Details Relating to the Last 3 Years
Equity Brazil
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AU ( D )
Number of shares
Net asset value per share
USD
29,502.35
75.49
34,877.78
76.73
30,635.61
84.68
A2U ( C )
Number of shares
Net asset value per share
USD
22,991.74
81.71
21,030.76
82.10
0.00
0.00
A2U ( D )
Number of shares
Net asset value per share
USD
346.77
75.75
211.55
76.71
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
10,861.76
68.16
10,572.07
68.97
9,145.84
76.21
IU ( C )
Number of shares
Net asset value per share
USD
29,758.02
849.58
35,882.06
849.89
35,088.44
914.85
MU ( C )
Number of shares
Net asset value per share
USD
1,385.96
80.76
1,698.40
80.78
771.06
86.98
RU ( C )
Number of shares
Net asset value per share
USD
465.00
92.11
0.00
0.00
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
127,226.29
79.49
132,152.62
80.04
163,586.13
87.58
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
34,309,264
38,468,984
49,017,125
AE ( C )
Number of shares
Net asset value per share
EUR
1,009,850.79
27.54
1,164,631.34
26.98
1,469,194.88
27.05
AE ( D )
Number of shares
Net asset value per share
EUR
15,275.25
26.91
16,280.97
26.73
24,259.56
26.92
A2E ( C )
Number of shares
Net asset value per share
EUR
4,483.95
27.60
5,073.04
26.98
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
12,576.05
82.01
12,728.75
80.74
16,281.94
82.10
Equity Emerging Europe
Total Net Assets
212
Financial Details Relating to the Last 3 Years
Equity Emerging Europe
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IE ( C )
Number of shares
Net asset value per share
EUR
214.74
2,682.03
214.74
2,610.52
283.11
2,593.08
ME ( C )
Number of shares
Net asset value per share
EUR
4,247.20
64.23
4,278.73
62.49
4,995.39
62.07
SE ( C )
Number of shares
Net asset value per share
EUR
155,643.95
26.24
179,844.37
25.71
241,254.34
25.88
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
227,806,946
327,931,334
252,653,399
AE ( C )
Number of shares
Net asset value per share
EUR
181,181.48
92.90
567,893.40
93.61
309,131.96
89.54
AE ( D )
Number of shares
Net asset value per share
EUR
10.00
92.41
10.00
93.16
10.00
89.13
AHE ( C )
Number of shares
Net asset value per share
EUR
94,505.18
91.23
83,593.03
86.99
17,568.65
81.76
AU ( C )
Number of shares
Net asset value per share
USD
666,833.47
93.37
799,903.38
88.76
934,917.45
82.89
AU ( D )
Number of shares
Net asset value per share
USD
22,617.50
134.82
21,543.47
128.17
10,887.24
119.69
A2U ( C )
Number of shares
Net asset value per share
USD
3,546.37
93.37
2,756.10
88.76
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
11,516.67
91.28
14,798.13
87.07
10,835.19
82.79
IU ( C )
Number of shares
Net asset value per share
USD
45,538.25
961.45
94,595.05
906.32
83,785.40
846.30
IU ( D )
Number of shares
Net asset value per share
USD
1,226.00
1,028.82
2,480.00
973.90
0.00
0.00
Equity Emerging Internal Demand
Total Net Assets
213
Financial Details Relating to the Last 3 Years
Equity Emerging Internal Demand
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
I4 ( C )
Number of shares
Net asset value per share
USD
1.00
1,154.99
1.00
1,088.64
1.00
999.72
MU ( C )
Number of shares
Net asset value per share
USD
252,845.98
102.35
340,717.87
96.74
202,130.28
90.20
OU ( C )
Number of shares
Net asset value per share
USD
8,697.00
96.07
8,697.00
90.41
7,550.00
82.77
SE ( C )
Number of shares
Net asset value per share
EUR
28,879.38
95.06
38,059.79
95.62
18,369.85
92.36
SU ( C )
Number of shares
Net asset value per share
USD
168,249.10
90.98
166,241.84
86.25
163,818.28
81.33
XU ( C )
Number of shares
Net asset value per share
USD
36,096.19
974.85
36,096.19
917.35
36,096.19
852.33
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
590,199,097
859,028,994
1,064,147,416
AE ( C )
Number of shares
Net asset value per share
EUR
247,345.85
92.82
269,078.82
93.16
281,523.98
93.38
AE ( D )
Number of shares
Net asset value per share
EUR
10,289.52
92.37
1,613.00
92.72
170.00
93.32
AU ( C )
Number of shares
Net asset value per share
USD
1,616,118.95
92.21
2,406,916.39
87.30
3,559,384.55
85.43
AU ( D )
Number of shares
Net asset value per share
USD
261,028.93
91.34
1,718,397.15
86.45
1,965,606.71
84.61
A2U ( C )
Number of shares
Net asset value per share
USD
534.44
92.20
534.44
87.29
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
114,319.73
85.53
135,205.53
81.55
113,184.48
80.94
Equity Emerging World
Total Net Assets
214
Financial Details Relating to the Last 3 Years
Equity Emerging World
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IE ( C )
Number of shares
Net asset value per share
EUR
5,525.87
904.31
9,948.79
903.28
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
72,143.25
962.90
151,629.16
907.02
166,382.78
881.19
IU ( D )
Number of shares
Net asset value per share
USD
0.00
0.00
0.00
0.00
1,500.00
889.03
I8 ( C )
Number of shares
Net asset value per share
USD
19,363.35
905.34
19,363.35
852.84
60,080.00
826.33
MU ( C )
Number of shares
Net asset value per share
USD
112,242.55
106.57
231,563.54
100.56
820,731.36
97.48
O1 ( C )
Number of shares
Net asset value per share
USD
246,430.16
1,046.91
247,196.85
980.94
248,650.46
940.60
RU ( C )
Number of shares
Net asset value per share
USD
1,228.73
107.70
0.00
0.00
0.00
0.00
RU ( D )
Number of shares
Net asset value per share
USD
602.00
107.78
0.00
0.00
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
116,810.26
90.08
292,610.07
85.45
473,094.06
83.97
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
127,656,726
128,687,197
15,793,695
AE ( C )
Number of shares
Net asset value per share
EUR
909.01
147.62
552.09
137.17
177.08
113.48
AHE ( C )
Number of shares
Net asset value per share
EUR
6,560.59
139.65
6,011.66
122.62
4,566.42
99.51
AU ( C )
Number of shares
Net asset value per share
USD
122,037.31
141.18
144,151.69
123.55
20,127.91
99.78
Equity MENA
Total Net Assets
215
Financial Details Relating to the Last 3 Years
Equity MENA
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AU ( D )
Number of shares
Net asset value per share
USD
1,353.00
140.78
160.18
123.50
70.36
99.77
A2U ( C )
Number of shares
Net asset value per share
USD
89,986.43
141.14
88,470.29
123.50
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
15,443.94
134.50
8,296.12
118.81
3,175.18
98.72
FU ( C )
Number of shares
Net asset value per share
USD
7,232.31
136.23
9,298.72
120.16
4,361.85
99.48
IHE ( C )
Number of shares
Net asset value per share
EUR
15.35
1,382.46
8,076.80
1,209.03
0.55
997.22
IU ( C )
Number of shares
Net asset value per share
USD
55,561.70
1,409.50
58,591.61
1,228.27
873.08
999.79
IU ( D )
Number of shares
Net asset value per share
USD
792.02
1,408.77
815.90
1,227.42
917.63
1,001.77
MU ( C )
Number of shares
Net asset value per share
USD
242.20
104.76
0.00
0.00
0.00
0.00
OU ( C )
Number of shares
Net asset value per share
USD
6,874.94
1,526.86
7,255.73
1,323.59
9,840.33
1,049.72
RE ( C )
Number of shares
Net asset value per share
EUR
820.00
101.71
0.00
0.00
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
6,442.05
135.28
4,312.81
118.93
712.48
98.29
SU ( C )
Number of shares
Net asset value per share
USD
6,811.52
138.63
4,484.35
121.64
1,333.55
99.80
216
Financial Details Relating to the Last 3 Years
Equity Greater China
31/12/13
30/06/13
30/06/12
USD
436,908,624
434,844,961
508,741,656
AE ( C )
Number of shares
Net asset value per share
EUR
332,669.85
100.46
383,490.40
92.10
427,707.58
84.46
AE ( D )
Number of shares
Net asset value per share
EUR
1,226.00
99.92
4,576.00
91.56
10.00
84.56
AU ( C )
Number of shares
Net asset value per share
USD
226,119.34
576.78
242,244.46
498.82
405,009.35
446.63
AU ( D )
Number of shares
Net asset value per share
USD
5,180.27
573.27
5,880.50
495.72
8,674.49
446.67
A2U ( C )
Number of shares
Net asset value per share
USD
88,825.41
579.48
92,394.49
500.41
0.00
0.00
A2U ( D )
Number of shares
Net asset value per share
USD
179.82
573.00
179.82
497.29
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
61,637.74
107.67
70,260.16
93.56
72,965.38
85.31
IU ( C )
Number of shares
Net asset value per share
USD
11,742.14
611.40
6,231.64
526.05
40,331.03
469.42
I2 ( D )
Number of shares
Net asset value per share
USD
3,412.00
143.31
4,812.00
124.37
7,312.00
112.37
I4 ( C )
Number of shares
Net asset value per share
USD
257,272.00
388.22
358,272.00
332.88
534,072.00
293.00
I9 ( C )
Number of shares
Net asset value per share
USD
3,430.00
122.25
4,803.00
104.74
10,075.00
92.06
MU ( C )
Number of shares
Net asset value per share
USD
136,303.19
110.83
162,161.25
95.42
183,359.33
85.11
SU ( C )
Number of shares
Net asset value per share
USD
2,150,743.32
29.61
2,281,380.84
25.63
2,918,074.75
23.18
Total Net Assets
Period/Year ending as of:
217
Financial Details Relating to the Last 3 Years
Equity Greater China
31/12/13
30/06/13
30/06/12
8,779.54
1,403.80
11,726.35
1,206.82
10,733.58
1,071.76
31/12/13
30/06/13
30/06/12
USD
407,401,574
435,301,873
528,875,458
AE ( C )
Number of shares
Net asset value per share
EUR
59,177.13
73.41
76,539.05
73.30
60,912.86
67.86
AE ( D )
Number of shares
Net asset value per share
EUR
199.59
73.42
69.64
73.37
10.00
67.92
AU ( C )
Number of shares
Net asset value per share
USD
158,847.68
142.59
174,897.51
134.33
229,652.42
121.41
AU ( D )
Number of shares
Net asset value per share
USD
8,868.03
118.06
11,012.25
111.44
14,751.05
100.70
A2U ( C )
Number of shares
Net asset value per share
USD
19,286.11
142.97
20,703.70
134.32
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
4,738.67
82.26
7,388.10
77.97
4,705.57
71.97
IU ( C )
Number of shares
Net asset value per share
USD
16,891.69
1,501.14
9,689.33
1,410.96
2,097.50
1,272.50
I2 ( D )
Number of shares
Net asset value per share
USD
4,351.00
113.94
5,451.00
106.91
8,051.00
96.35
I4 ( C )
Number of shares
Net asset value per share
USD
2,160,155.00
148.51
2,571,155.00
138.55
3,678,155.00
123.51
I9 ( C )
Number of shares
Net asset value per share
USD
19,786.00
94.42
22,896.00
88.02
48,714.00
78.35
MU ( C )
Number of shares
Net asset value per share
USD
6,991.96
73.43
19,703.47
68.92
16,654.00
62.31
XU ( C )
Number of shares
Net asset value per share
Equity India
Total Net Assets
218
Period/Year ending as of:
USD
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Equity India
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
186,209.60
136.98
201,755.79
129.21
265,158.68
118.17
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
58,034,937
63,197,822
87,172,247
AE ( C )
Number of shares
Net asset value per share
EUR
99,687.12
96.99
119,820.50
98.12
154,756.99
100.79
AU ( C )
Number of shares
Net asset value per share
USD
68,148.28
113.60
74,812.39
108.94
92,136.87
107.86
AU ( D )
Number of shares
Net asset value per share
USD
14.00
97.36
37.00
93.37
292.00
92.72
FU ( C )
Number of shares
Net asset value per share
USD
15,022.39
80.60
16,028.31
77.85
21,698.09
78.15
IU ( C )
Number of shares
Net asset value per share
USD
1.00
1,227.05
1.00
1,171.08
1.00
1,148.03
IU ( D )
Number of shares
Net asset value per share
USD
1.00
1,045.89
1.00
998.10
1.00
983.01
I6 ( C )
Number of shares
Net asset value per share
USD
302,227.51
118.35
340,591.81
112.90
505,285.30
110.61
MU ( C )
Number of shares
Net asset value per share
USD
1.00
119.42
1.00
113.45
1.00
110.63
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
22,485,645
26,306,226
37,368,023
AU ( C )
Number of shares
Net asset value per share
USD
73,470.63
41.08
106,302.22
39.51
162,245.72
40.94
AU ( D )
Number of shares
Net asset value per share
USD
12,511.39
67.79
12,232.52
65.20
11,984.61
67.55
SU ( C )
Number of shares
Net asset value per share
Equity India Select
Total Net Assets
Equity India Infrastructure
Total Net Assets
219
Financial Details Relating to the Last 3 Years
Equity India Infrastructure
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
A2U ( C )
Number of shares
Net asset value per share
USD
28,288.24
41.07
28,138.90
39.50
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
4,675.37
61.28
6,664.03
59.36
9,512.04
62.35
IU ( C )
Number of shares
Net asset value per share
USD
24.00
862.71
26.00
829.66*
121.60
414.33*
I4 ( C )
Number of shares
Net asset value per share
USD
214,081.00
57.85
273,058.00
55.24
387,828.00
56.46
MU ( C )
Number of shares
Net asset value per share
USD
141.57
76.77
911.07
73.48
1,831.42
75.44
SU ( C )
Number of shares
Net asset value per share
USD
118,618.82
40.09
119,799.14
38.63
180,108.25
40.19
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
75,548,712
68,077,063
86,014,570
AE ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
0.00
0.00
200.00
79.40
AU ( C )
Number of shares
Net asset value per share
USD
357,388.59
21.30
419,147.59
17.95
436,762.42
18.67
AU ( D )
Number of shares
Net asset value per share
USD
3,642.98
21.31
3,788.47
17.96
33,139.77
18.68
FU ( C )
Number of shares
Net asset value per share
USD
1,111.04
80.48
1,089.83
68.34
937.83
72.08
IU ( C )
Number of shares
Net asset value per share
USD
15,826.46
2,728.42
16,472.84
2,290.32
18,644.24
2,362.09
I2 ( D )
Number of shares
Net asset value per share
USD
5,875.00
87.24
7,675.00
73.84
9,575.00
77.75
Equity Korea
Total Net Assets
* The Net asset value per share has been rebased during the year.
220
Financial Details Relating to the Last 3 Years
Equity Korea
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
I4 ( C )
Number of shares
Net asset value per share
USD
69,527.00
156.30
91,177.00
130.84
137,237.00
134.20
MU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
0.00
0.00
2,673.54
77.28
SU ( C )
Number of shares
Net asset value per share
USD
265,042.74
19.94
270,427.52
16.84
510,235.24
17.59
XU ( C )
Number of shares
Net asset value per share
USD
6,672.00
1,187.78
5,663.00
994.53
4,675.00
1,020.58
31/12/13
30/06/13
30/06/12
USD
814,017,080
897,242,681
1,285,376,590
AE ( C )
Number of shares
Net asset value per share
EUR
232,765.83
71.34
265,457.07
74.22
143,318.32
81.24
AE ( D )
Number of shares
Net asset value per share
EUR
850,310.00
69.59
835,615.00
72.82
210.18
80.80
AU ( C )
Number of shares
Net asset value per share
USD
427,034.27
536.06
574,475.79
526.07
786,974.17
562.18
AU ( D )
Number of shares
Net asset value per share
USD
26,259.35
476.06
30,914.68
469.91
32,173.46
508.74
A2U ( C )
Number of shares
Net asset value per share
USD
21,148.39
536.00
23,634.94
526.02
0.00
0.00
A2U ( D )
Number of shares
Net asset value per share
USD
458.26
475.85
475.25
469.88
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
30,581.23
73.14
27,290.66
72.29
34,131.79
78.40
IU ( C )
Number of shares
Net asset value per share
USD
32,662.61
5,440.35
40,141.56
5,313.56
68,732.55
5,623.86
Equity Latin America
Total Net Assets
Period/Year ending as of:
221
Financial Details Relating to the Last 3 Years
Equity Latin America
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
MU ( C )
Number of shares
Net asset value per share
USD
23,617.00
87.62
28,523.18
85.71
91,560.67
90.75
O1 ( C )
Number of shares
Net asset value per share
USD
117,636.05
805.57
117,636.05
782.40
113,370.40
819.33
RU ( C )
Number of shares
Net asset value per share
USD
1,347.00
103.30
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
21,120.17
72.54
38,575.69
75.62
71,068.50
83.23
SU ( C )
Number of shares
Net asset value per share
USD
69,303.93
516.37
106,717.68
507.78
166,666.61
545.33
XU ( C )
Number of shares
Net asset value per share
USD
99,145.88
1,430.45
68,344.63
1,396.05
151,539.69
1,471.43
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
71,417,224
112,449,888
87,922,293
AU ( C )
Number of shares
Net asset value per share
USD
226,357.29
117.31
335,505.14
135.85
430,814.35
106.90
AU ( D )
Number of shares
Net asset value per share
USD
13,137.28
112.29
15,304.53
130.58
13,279.77
103.23
FU ( C )
Number of shares
Net asset value per share
USD
5,003.79
98.85
5,361.99
115.30
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
4,457.69
5,722.16
5,278.11
6,601.95
4,416.34
5,155.63
MU ( C )
Number of shares
Net asset value per share
USD
1,945.43
156.20
14,479.68
180.20
11,173.18
142.74
SU ( C )
Number of shares
Net asset value per share
USD
873,967.26
19.55
1,181,506.25
22.68
885,129.74
18.08
Equity Thailand
Total Net Assets
222
Financial Details Relating to the Last 3 Years
Equity Thailand
31/12/13
30/06/13
30/06/12
0.00
0.00
0.00
0.00
78.00
1,668.21
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
40,199,449
33,930,435
33,107,270
AE ( C )
Number of shares
Net asset value per share
EUR
243,337.31
115.47
220,654.78
102.43
173,569.24
94.02
AE ( D )
Number of shares
Net asset value per share
EUR
16,518.93
107.91
14,426.70
95.72
10,811.46
88.19
FE ( C )
Number of shares
Net asset value per share
EUR
2,667.84
128.06
2,657.71
114.41
291.71
106.50
IE ( C )
Number of shares
Net asset value per share
EUR
1,341.12
1,221.03
1,341.12
1,077.62
7,290.78
979.36
ME ( C )
Number of shares
Net asset value per share
EUR
1,106.26
138.76
1,133.90
122.47
1,136.39
111.32
SE ( C )
Number of shares
Net asset value per share
EUR
72,893.44
112.29
80,756.92
99.80
92,822.34
91.97
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
22,910,769
0
0
USD
22,789.19
1,005.34
0.00
0.00
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
71,222,323
0
0
AU ( C )
Number of shares
Net asset value per share
USD
10.00
106.54
0.00
0.00
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
688.28
100.11
0.00
0.00
0.00
0.00
XU ( C )
Number of shares
Net asset value per share
Equity Global Aqua
Total Net Assets
Equity Emerging Anti-Benchmark
Total Net Assets
I6 ( C )
Number of shares
Net asset value per share
Equity Emerging Minimum Variance
Total Net Assets
Period/Year ending as of:
USD
223
Financial Details Relating to the Last 3 Years
Equity Emerging Minimum Variance
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IU ( C )
Number of shares
Net asset value per share
USD
3.00
1,044.70
0.00
0.00
0.00
0.00
I8 ( C )
Number of shares
Net asset value per share
EUR
30,000.00
1,031.99
0.00
0.00
0.00
0.00
OU ( C )
Number of shares
Net asset value per share
USD
26,760.00
1,064.30
0.00
0.00
0.00
0.00
SU ( D )
Number of shares
Net asset value per share
USD
73.12
106.43
0.00
0.00
0.00
0.00
31/12/13
30/06/13
30/06/12
EUR
188,829,419
180,405,968
58,595,504
AE ( C )
Number of shares
Net asset value per share
EUR
157,364.75
114.43
116,151.77
103.20
0.00
0.00
AE ( D )
Number of shares
Net asset value per share
EUR
793.98
105.84
0.00
0.00
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
6,803.59
112.96
2,055.81
102.60
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
91,625.49
1,819.53
101,498.03
1,633.81
40,134.96
1,449.50
ME ( C )
Number of shares
Net asset value per share
EUR
4,361.02
142.01
9,542.88
127.53
3,700.86
113.47
OE ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
703.00
988.68
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
22,444.95
117.39
4,407.88
105.97
0.00
0.00
Equity Europe Minimum Variance
Total Net Assets
224
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Equity Global Minimum Variance
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
85,908,135
37,311,428
0
AE ( C )
Number of shares
Net asset value per share
EUR
4,476.96
99.17
0.00
0.00
0.00
0.00
AU ( C )
Number of shares
Net asset value per share
USD
226,734.24
125.60
21.00
114.29
0.00
0.00
AU ( D )
Number of shares
Net asset value per share
USD
180.60
107.18
0.00
0.00
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
1,872.19
105.93
173.91
97.08
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
18,424.49
1,137.15
20,592.78
1,091.63
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
18,240.17
1,016.62
0.00
0.00
0.00
0.00
OU ( C )
Number of shares
Net asset value per share
USD
6,469.27
1,236.59
6,469.27
1,116.96
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
9,532.25
124.50
7,452.10
113.52
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
22,148,345
20,225,502
0
AE ( C )
Number of shares
Net asset value per share
EUR
110.00
108.18
110.00
100.88
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
2,227.57
102.25
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
20,000.00
1,092.01
20,000.00
1,010.67
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
635.89
107.74
10.00
100.79
0.00
0.00
Total Net Assets
Equity World Anti-Benchmark
Total Net Assets
225
Financial Details Relating to the Last 3 Years
Convertible Europe
31/12/13
30/06/13
30/06/12
EUR
401,256,487
217,022,116
92,824,176
AE ( C )
Number of shares
Net asset value per share
EUR
606,915.62
115.51
401,346.71
106.24
32,922.00
99.21
AE ( D )
Number of shares
Net asset value per share
EUR
33,886.81
110.44
34,142.13
102.02
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
208,918.67
113.90
60,701.85
105.05
8,868.23
98.59
IE ( C )
Number of shares
Net asset value per share
EUR
173,081.42
1,179.28
116,396.57
1,080.73
79,508.99
999.71
IE ( D )
Number of shares
Net asset value per share
EUR
17,775.94
1,119.07
1,248.01
1,026.54
0.00
0.00
ME ( C )
Number of shares
Net asset value per share
EUR
507,234.56
117.85
265,212.38
108.05
90,420.70
100.00
SE ( C )
Number of shares
Net asset value per share
EUR
174,929.80
113.38
84,218.74
104.40
1,590.11
97.66
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
175,434,002
120,162,006
17,182,520
AE ( C )
Number of shares
Net asset value per share
EUR
8,855,014.04
12.22
8,220,831.73
11.20
964,014.30
10.20
AE ( D )
Number of shares
Net asset value per share
EUR
60,883.74
11.82
47,670.22
10.83
50,250.22
9.90
A2E ( C )
Number of shares
Net asset value per share
EUR
525.00
12.22
525.00
11.20
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
12,742.37
112.57
1,785.73
103.51
574.74
95.41
IE ( C )
Number of shares
Net asset value per share
EUR
37,148.28
1,484.77
16,100.18
1,356.42
1,323.00
1,226.65
Total Net Assets
Convertible Global
Total Net Assets
226
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Convertible Global
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IHU ( C )
Number of shares
Net asset value per share
USD
4,087.00
1,052.12
0.00
0.00
0.00
0.00
ME ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
0.00
0.00
838.47
103.52
SE ( C )
Number of shares
Net asset value per share
EUR
519,327.53
13.05
462,615.33
11.98
465,708.78
10.93
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
202,568,897
229,044,193
186,188,207
AE ( C )
Number of shares
Net asset value per share
EUR
235,882.17
116.71
311,191.29
112.44
380,322.55
103.98
AE ( D )
Number of shares
Net asset value per share
EUR
44,009.86
111.58
45,224.56
109.95
29,575.33
103.99
FE ( C )
Number of shares
Net asset value per share
EUR
25,449.99
115.66
20,373.31
111.53
10,902.12
103.56
IE ( C )
Number of shares
Net asset value per share
EUR
102,501.71
1,180.90
102,724.31
1,136.06
43,160.19
1,046.08
I2 ( D )
Number of shares
Net asset value per share
EUR
28,235.89
994.57
38,126.45
987.46
90,613.54
973.69
ME ( C )
Number of shares
Net asset value per share
EUR
69,595.82
117.64
225,290.07
113.26
6,991.84
104.50
OE ( C )
Number of shares
Net asset value per share
EUR
2,918.00
1,006.43
0.00
0.00
1,737.01
1,050.89
SE ( C )
Number of shares
Net asset value per share
EUR
59,720.25
116.13
61,983.53
111.97
62,657.89
103.77
Bond Euro Aggregate
Total Net Assets
227
Financial Details Relating to the Last 3 Years
Bond Euro Corporate
31/12/13
30/06/13
30/06/12
EUR
679,702,480
783,748,199
690,827,794
AE ( C )
Number of shares
Net asset value per share
EUR
5,728,790.17
17.43
7,274,120.84
16.91
6,524,312.44
15.96
AE ( D )
Number of shares
Net asset value per share
EUR
9,550,382.58
11.15
10,687,576.29
11.06
9,119,028.61
10.72
A2E ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
11,079.74
16.91
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
26,776.69
112.04
33,930.16
108.82
42,145.84
103.07
IE ( C )
Number of shares
Net asset value per share
EUR
129,792.61
1,775.49
119,374.72
1,717.62
119,369.25
1,611.00
IE ( D )
Number of shares
Net asset value per share
EUR
85,592.40
1,227.54
85,568.40
1,220.31
96,999.40
1,184.34
I2 ( D )
Number of shares
Net asset value per share
EUR
753,257.78
83.11
982,836.20
83.38
1,466,427.58
84.10
ME ( C )
Number of shares
Net asset value per share
EUR
339,740.83
137.59
288,438.16
133.20
304,084.33
125.06
OE ( C )
Number of shares
Net asset value per share
EUR
10,514.75
1,162.41
85,445.64
1,120.71
1,570.00
1,046.40
RE ( D )
Number of shares
Net asset value per share
EUR
487.00
103.35
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
774,934.69
16.99
790,654.45
16.49
923,560.10
15.59
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
241,226,133
217,756,479
119,161,720
EUR
512,974.12
111.67
527,929.82
108.56
317,741.47
101.63
Total Net Assets
Bond Euro Government
Total Net Assets
AE ( C )
Number of shares
Net asset value per share
228
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Bond Euro Government
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AE ( D )
Number of shares
Net asset value per share
EUR
15,009.17
104.21
12,236.17
103.60
5,322.00
98.90
FE ( C )
Number of shares
Net asset value per share
EUR
10,700.30
112.87
12,549.80
109.91
15,011.65
103.31
IE ( C )
Number of shares
Net asset value per share
EUR
137,455.82
1,155.93
123,749.18
1,121.91
65,101.14
1,044.04
ME ( C )
Number of shares
Net asset value per share
EUR
88,480.76
115.40
65,372.99
112.06
25,400.21
104.35
OE ( C )
Number of shares
Net asset value per share
EUR
10,099.25
1,170.43
10,120.25
1,131.42
13,410.00
1,048.31
SE ( C )
Number of shares
Net asset value per share
EUR
2,281.04
110.07
1,755.30
107.15
1,150.82
100.52
31/12/13
30/06/13
30/06/12
EUR
193,604,169
247,516,745
153,141,622
AE ( C )
Number of shares
Net asset value per share
EUR
537,434.22
136.34
920,539.48
133.47
407,238.50
129.79
AE ( D )
Number of shares
Net asset value per share
EUR
95,863.94
123.39
116,180.16
121.35
167,365.58
119.02
A2E ( D )
Number of shares
Net asset value per share
EUR
179.86
123.92
179.86
121.34
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
31,118.00
102.20
21,991.00
100.25
24,965.03
98.03
IE ( C )
Number of shares
Net asset value per share
EUR
20,102.44
1,439.04
27,006.94
1,404.53
21,678.13
1,360.13
ME ( C )
Number of shares
Net asset value per share
EUR
107,567.02
118.41
126,048.87
115.57
182,075.49
111.73
Bond Euro Inflation
Total Net Assets
Period/Year ending as of:
229
Financial Details Relating to the Last 3 Years
Bond Euro Inflation
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
OE ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
0.00
0.00
300.00
994.75
RE ( C )
Number of shares
Net asset value per share
EUR
126,322.53
100.15
0.00
0.00
0.00
0.00
RE ( D )
Number of shares
Net asset value per share
EUR
291.00
99.79
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
135,472.25
133.67
179,012.73
130.99
217,384.77
127.84
XE ( C )
Number of shares
Net asset value per share
EUR
33,139.81
991.11
33,508.56
966.43
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
890,652,243
676,891,688
323,573,266
AE ( C )
Number of shares
Net asset value per share
EUR
10,364,039.78
18.74
10,192,504.93
17.46
4,098,243.40
15.56
AE ( D )
Number of shares
Net asset value per share
EUR
2,338,821.47
11.24
1,936,567.36
11.00
699,621.96
10.30
A2E ( C )
Number of shares
Net asset value per share
EUR
451.94
18.74
451.94
17.46
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
49,177.74
117.86
47,499.92
110.12
55,046.73
98.72
FE-MD ( D )
Number of shares
Net asset value per share
EUR
5,152.64
103.63
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
200,606.26
2,177.31
127,882.51
2,020.12
23,076.13
1,786.10
IE ( D )
Number of shares
Net asset value per share
EUR
70,427.16
1,090.40
47,156.41
1,070.83
47,156.41
1,005.24
Bond Euro High Yield
Total Net Assets
230
Financial Details Relating to the Last 3 Years
Bond Euro High Yield
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
I2 ( D )
Number of shares
Net asset value per share
EUR
948,001.00
72.19
1,194,523.00
71.55
1,790,418.00
71.96
ME ( C )
Number of shares
Net asset value per share
EUR
363,346.49
150.06
388,910.07
139.22
58,487.61
123.09
OE ( C )
Number of shares
Net asset value per share
EUR
2,018.00
1,184.25
1,639.00
1,095.59
0.00
0.00
RE ( C )
Number of shares
Net asset value per share
EUR
112.00
100.64
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
1,341,622.46
18.10
1,311,897.32
16.88
1,492,390.96
15.07
SE-MD ( D )
Number of shares
Net asset value per share
EUR
5,344.99
102.00
147.11
97.03
0.00
0.00
31/12/13
30/06/13
30/06/12
EUR
374,434,513
119,033,563
0
AE ( C )
Number of shares
Net asset value per share
EUR
1,203,326.56
102.53
10.00
98.84
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
21,811.96
101.25
10.00
97.91
0.00
0.00
FE-MD ( D )
Number of shares
Net asset value per share
EUR
22,847.59
101.17
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
189,193.64
1,033.98
120,097.63
991.12
0.00
0.00
IE ( D )
Number of shares
Net asset value per share
EUR
20,000.00
1,008.02
0.00
0.00
0.00
0.00
ME ( C )
Number of shares
Net asset value per share
EUR
103,132.88
103.25
0.00
0.00
0.00
0.00
Bond Euro High Yield Short Term
Total Net Assets
Period/Year ending as of:
231
Financial Details Relating to the Last 3 Years
Bond Euro High Yield Short Term
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
OE ( C )
Number of shares
Net asset value per share
EUR
18,958.49
1,011.36
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
7,278.68
102.41
10.00
98.83
0.00
0.00
SE-MD ( D )
Number of shares
Net asset value per share
EUR
1,852.66
100.18
0.00
0.00
0.00
0.00
31/12/13
30/06/13
30/06/12
USD
336,391,543
334,491,789
79,091,119
AE ( C )
Number of shares
Net asset value per share
EUR
55,628.25
121.13
75,007.13
123.19
276.00
119.58
AE ( D )
Number of shares
Net asset value per share
EUR
1,550.36
107.63
1,091.00
112.33
448.00
109.82
AHE ( C )
Number of shares
Net asset value per share
EUR
1,200.00
102.34
3,902.77
98.45
0.00
0.00
AU ( C )
Number of shares
Net asset value per share
USD
14,711.68
142.27
23,448.48
136.70
6,456.39
129.26
AU ( D )
Number of shares
Net asset value per share
USD
2,408.00
114.81
2,658.42
112.56
1,847.15
109.85
FU ( C )
Number of shares
Net asset value per share
USD
3,434.42
112.48
3,426.64
108.34
1,685.71
102.96
IHE ( C )
Number of shares
Net asset value per share
EUR
54,336.86
1,034.79
45,441.93
992.86
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
66,201.79
1,451.91
91,481.73
1,392.03
55,896.85
1,309.32
MU ( C )
Number of shares
Net asset value per share
USD
3,212.07
109.53
32,468.13
105.02
0.00
0.00
Bond Global Corporate
Total Net Assets
232
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Bond Global Corporate
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
OU ( C )
Number of shares
Net asset value per share
USD
132,237.29
1,094.82
117,878.57
1,041.87
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
37,224.51
140.40
42,445.67
135.01
35,883.32
127.88
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
249,562,079
384,957,375
224,850,183
AE ( C )
Number of shares
Net asset value per share
EUR
65,372.37
113.81
84,416.02
119.67
66,630.69
120.59
AHE ( C )
Number of shares
Net asset value per share
EUR
55,195.35
108.29
84,889.84
107.49
86,423.03
106.26
AU ( C )
Number of shares
Net asset value per share
USD
272,302.16
108.66
358,510.84
107.78
272,339.44
106.04
AU ( D )
Number of shares
Net asset value per share
USD
34,542.00
104.64
33,441.88
104.45
106.00
104.82
FHE ( C )
Number of shares
Net asset value per share
EUR
307,428.48
106.89
502,615.00
106.34
361,763.74
105.45
FHE-QD ( D )
Number of shares
Net asset value per share
EUR
21,418.02
94.38
21,828.02
95.64
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
137,544.97
107.19
171,278.94
106.58
157,040.51
105.36
IHE ( C )
Number of shares
Net asset value per share
EUR
17,900.13
1,094.25
40,858.01
1,083.95
22,198.09
1,065.03
IU ( C )
Number of shares
Net asset value per share
USD
33,624.15
1,098.18
62,419.05
1,086.89
36,839.48
1,064.69
IU ( D )
Number of shares
Net asset value per share
USD
0.00
0.00
98.45
1,018.38
0.00
0.00
Bond US Opportunistic Core Plus
Total Net Assets
233
Financial Details Relating to the Last 3 Years
Bond US Opportunistic Core Plus
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
MHE ( C )
Number of shares
Net asset value per share
EUR
68,336.17
104.42
106,380.92
103.48
2,904.46
101.79
MU ( C )
Number of shares
Net asset value per share
USD
44,557.37
105.03
48,529.66
103.90
5,370.13
101.90
SHE ( C )
Number of shares
Net asset value per share
EUR
154,990.63
106.24
288,236.86
105.58
129,428.53
104.43
SHE-QD ( D )
Number of shares
Net asset value per share
EUR
74,109.07
97.19
88,182.16
98.29
750.00
99.98
SU ( C )
Number of shares
Net asset value per share
USD
223,527.21
107.45
297,218.44
106.67
207,015.59
105.11
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
95,077,654
99,175,488
110,539,972
AE ( C )
Number of shares
Net asset value per share
EUR
335,643.98
167.64
343,477.93
161.03
313,269.66
148.71
AE ( D )
Number of shares
Net asset value per share
EUR
204,043.80
109.77
205,183.97
108.56
231,053.07
103.65
FE ( C )
Number of shares
Net asset value per share
EUR
24,980.49
115.59
28,580.53
111.31
36,344.46
103.29
IE ( C )
Number of shares
Net asset value per share
EUR
2,449.19
1,639.64
2,586.18
1,571.85
15,121.19
1,446.05
ME ( C )
Number of shares
Net asset value per share
EUR
43,853.73
129.20
77,896.97
123.88
82,605.46
113.93
RE ( C )
Number of shares
Net asset value per share
EUR
249.00
100.33
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
23,188.34
164.70
29,650.03
158.33
33,956.44
146.46
Bond Europe
Total Net Assets
234
Financial Details Relating to the Last 3 Years
Bond Global Aggregate
31/12/13
30/06/13
30/06/12
USD
3,086,126,533
1,936,068,575
226,491,822
AE ( C )
Number of shares
Net asset value per share
EUR
452,236.02
118.16
242,293.73
122.50
16,137.20
113.52
AE ( D )
Number of shares
Net asset value per share
EUR
237,284.29
115.84
162,594.31
120.66
8,518.00
116.40
AHC ( C )
Number of shares
Net asset value per share
CHF
360,020.45
100.06
0.00
0.00
0.00
0.00
AHE ( C )
Number of shares
Net asset value per share
EUR
535,482.11
101.51
19,097.91
99.39
0.00
0.00
AHE ( D )
Number of shares
Net asset value per share
EUR
5,821.00
100.14
0.00
0.00
0.00
0.00
AU ( C )
Number of shares
Net asset value per share
USD
1,740,082.84
201.56
1,178,591.41
197.19
125,823.72
179.50
AU ( D )
Number of shares
Net asset value per share
USD
1,161,890.75
113.67
290,842.49
111.25
20,629.02
105.18
FHE ( C )
Number of shares
Net asset value per share
EUR
1,004,565.76
109.97
739,007.11
108.07
28,032.89
99.40
FHE ( MD )
Number of shares
Net asset value per share
EUR
0.00
0.00
1,819,179.24
102.05
112,408.07
97.39
FHE-MD ( D )
Number of shares
Net asset value per share
EUR
2,572,466.92
101.85
0.00
0.00
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
368,541.86
111.37
193,188.34
109.31
27,914.71
100.16
IE ( C )
Number of shares
Net asset value per share
EUR
44,925.50
990.30
21,969.81
1,024.44
0.00
0.00
IHC ( C )
Number of shares
Net asset value per share
CHF
6,187.75
1,006.53
0.00
0.00
0.00
0.00
Total Net Assets
Period/Year ending as of:
235
Financial Details Relating to the Last 3 Years
Bond Global Aggregate
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IHCA ( D )
Number of shares
Net asset value per share
CAD
510.00
1,027.28
500.00
1,003.03
0.00
0.00
IHE ( C )
Number of shares
Net asset value per share
EUR
76,847.23
1,060.15
45,641.47
1,034.87
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
105,161.17
1,909.22
65,257.51
1,863.70
23,769.36
1,693.12
IU ( D )
Number of shares
Net asset value per share
USD
13,306.80
1,042.15
24,469.69
1,017.30
0.00
0.00
MHE ( C )
Number of shares
Net asset value per share
EUR
1,620,937.91
114.11
1,089,902.67
111.55
29,732.24
101.16
MU ( C )
Number of shares
Net asset value per share
USD
181,734.77
125.90
143,109.00
122.92
215,550.07
111.23
OU ( C )
Number of shares
Net asset value per share
USD
160,900.42
1,132.69
104,418.79
1,099.31
0.00
0.00
RHE ( C )
Number of shares
Net asset value per share
EUR
51,487.00
102.72
43,009.00
100.47
0.00
0.00
RHE ( D )
Number of shares
Net asset value per share
EUR
15,548.61
103.32
8,753.00
100.99
0.00
0.00
RHG ( C )
Number of shares
Net asset value per share
GBP
12,769.00
102.14
0.00
0.00
0.00
0.00
RHG ( D )
Number of shares
Net asset value per share
GBP
3,742.56
101.08
0.00
0.00
0.00
0.00
RU ( C )
Number of shares
Net asset value per share
USD
4,918.53
101.84
0.00
0.00
0.00
0.00
RU ( D )
Number of shares
Net asset value per share
USD
13,286.00
102.08
0.00
0.00
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
1,904,747.94
112.28
1,465,123.01
110.07
97,413.52
100.70
236
Financial Details Relating to the Last 3 Years
Bond Global Aggregate
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SHE-MD ( D )
Number of shares
Net asset value per share
EUR
2,185,062.57
101.25
1,576,366.56
101.20
108,945.80
96.16
SU ( C )
Number of shares
Net asset value per share
USD
1,770,278.09
198.77
1,473,209.95
194.62
474,211.21
177.44
31/12/13
30/06/13
30/06/12
USD
363,891,534
384,913,715
240,470,608
AE ( C )
Number of shares
Net asset value per share
EUR
21,121.61
111.43
21,068.54
113.29
12,851.16
105.80
AE ( D )
Number of shares
Net asset value per share
EUR
106.00
101.69
56.00
106.88
30.00
104.60
AU ( C )
Number of shares
Net asset value per share
USD
2,264,855.15
26.20
2,506,671.98
25.14
2,964,786.46
22.92
AU ( D )
Number of shares
Net asset value per share
USD
2,683,334.23
15.60
2,647,275.30
15.44
324,334.68
14.84
A2U ( C )
Number of shares
Net asset value per share
USD
198,137.49
26.30
226,153.06
25.13
0.00
0.00
A2U ( D )
Number of shares
Net asset value per share
USD
17,103.07
15.99
2,300.07
15.44
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
10,654.26
101.15
15,822.16
98.60
4,620.35
92.14
FHE ( MD )
Number of shares
Net asset value per share
EUR
0.00
0.00
70,789.81
95.65
32,665.54
91.69
FHE-MD ( D )
Number of shares
Net asset value per share
EUR
74,718.75
96.87
0.00
0.00
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
7,238.61
101.75
7,399.88
98.18
5,481.02
92.27
Bond Global
Total Net Assets
Period/Year ending as of:
237
Financial Details Relating to the Last 3 Years
Bond Global
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IE-D ( D )
Number of shares
Net asset value per share
EUR
1,344.73
906.61
1,397.00
951.12
1.00
940.11
IU ( C )
Number of shares
Net asset value per share
USD
32,339.08
2,568.18
38,142.93
2,464.56
34,473.04
2,280.59
IU ( D )
Number of shares
Net asset value per share
USD
235.80
1,911.94
235.80
1,879.79
243.80
1,830.49
MU ( C )
Number of shares
Net asset value per share
USD
286,608.36
139.40
407,374.88
133.79
389,705.96
124.03
OU ( C )
Number of shares
Net asset value per share
USD
61,484.73
1,128.89
61,484.73
1,073.05
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
48,463.07
103.86
53,953.59
100.89
19,227.17
93.87
SHE-MD ( D )
Number of shares
Net asset value per share
EUR
155,341.82
91.61
131,942.07
90.07
40,920.15
86.01
SU ( C )
Number of shares
Net asset value per share
USD
830,690.13
24.87
897,023.73
23.94
1,205,176.31
22.38
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
298,591,099
194,311,967
176,414,557
AE ( C )
Number of shares
Net asset value per share
EUR
34,429.21
113.77
1,306,181.68
113.84
1,148,534.18
117.08
AE ( D )
Number of shares
Net asset value per share
EUR
22,491.22
100.29
57,721.91
100.65
66,305.67
107.79
FE ( C )
Number of shares
Net asset value per share
EUR
1,700.21
100.66
2,709.08
101.06
4,044.84
104.45
Bond Global Inflation
Total Net Assets
238
Financial Details Relating to the Last 3 Years
Bond Global Inflation
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IE ( C )
Number of shares
Net asset value per share
EUR
4,698.85
1,167.84
15,210.95
1,165.98
17,039.46
1,192.22
ME ( C )
Number of shares
Net asset value per share
EUR
551,406.53
109.10
72,141.39
109.01
30,330.77
111.57
OE ( C )
Number of shares
Net asset value per share
EUR
86,625.42
990.42
0.00
0.00
0.00
0.00
RE ( C )
Number of shares
Net asset value per share
EUR
1,259,470.61
98.72
0.00
0.00
0.00
0.00
RE ( D )
Number of shares
Net asset value per share
EUR
21,965.65
98.69
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
122,303.96
112.63
123,361.00
112.90
91,733.44
116.34
SHU ( C )
Number of shares
Net asset value per share
USD
7,329.46
99.18
0.00
0.00
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
10,941,507
0
0
AU ( C )
Number of shares
Net asset value per share
USD
10.00
102.24
0.00
0.00
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
49.93
100.43
0.00
0.00
0.00
0.00
FHE ( D )
Number of shares
Net asset value per share
EUR
99.96
100.29
0.00
0.00
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
265.34
1,023.27
0.00
0.00
0.00
0.00
PU ( C )
Number of shares
Net asset value per share
USD
925,345.41
11.28
0.00
0.00
0.00
0.00
Bond Enhanced RMB
Total Net Assets
239
Financial Details Relating to the Last 3 Years
Bond Enhanced RMB
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SHE ( C )
Number of shares
Net asset value per share
EUR
454.10
100.46
0.00
0.00
0.00
0.00
SHE-MD ( D )
Number of shares
Net asset value per share
EUR
727.24
100.47
0.00
0.00
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
476.56
102.15
0.00
0.00
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
66,162,021
0
0
AU ( C )
Number of shares
Net asset value per share
USD
10.00
99.75
0.00
0.00
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
53,746.26
1,230.97
0.00
0.00
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
10.00
99.67
0.00
0.00
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
54,771,628
64,018,071
75,587,934
AU ( C )
Number of shares
Net asset value per share
USD
802.12
89.43
902.12
92.10
638.39
92.07
AU ( D )
Number of shares
Net asset value per share
USD
387.00
98.83
387.00
103.12
294.00
104.11
FU ( C )
Number of shares
Net asset value per share
USD
15,831.27
91.39
13,957.08
94.42
2,567.86
94.95
IE ( C )
Number of shares
Net asset value per share
EUR
25,233.14
1,014.86
29,040.58
1,101.92
25,095.41
1,116.06
IU ( C )
Number of shares
Net asset value per share
USD
15,774.05
920.81
15,774.05
943.13
33,828.52
932.59
Bond Asian Local Debt
Total Net Assets
Bond Emerging Inflation
Total Net Assets
240
Financial Details Relating to the Last 3 Years
Bond Emerging Inflation
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
OU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
1,935.34
1,003.09
7,610.59
986.35
SU ( C )
Number of shares
Net asset value per share
USD
38,305.32
88.84
45,452.84
91.60
7,152.90
91.75
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
423,532,432
387,837,224
130,512,783
AE ( C )
Number of shares
Net asset value per share
EUR
431,158.55
97.25
402,420.60
107.43
15,166.28
107.35
AE ( D )
Number of shares
Net asset value per share
EUR
20,829.08
88.73
22,281.95
101.19
630.00
104.65
AU ( C )
Number of shares
Net asset value per share
USD
265,850.84
26.24
379,721.60
27.35
412,780.45
26.67
AU ( D )
Number of shares
Net asset value per share
USD
301,604.96
14.04
455,929.26
15.09
187,190.79
15.31
A2U ( C )
Number of shares
Net asset value per share
USD
82,641.43
26.24
88,983.14
27.34
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
18,354.91
88.58
21,631.27
92.85
4,040.17
92.84
FHE ( MD )
Number of shares
Net asset value per share
EUR
0.00
0.00
216,099.84
83.78
62,444.96
87.67
FHE-MD ( D )
Number of shares
Net asset value per share
EUR
213,331.24
77.90
0.00
0.00
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
5,766.72
91.61
8,022.72
95.75
3,765.44
94.02
IU ( C )
Number of shares
Net asset value per share
USD
35,023.96
1,909.80
37,214.76
1,978.99
34,756.66
1,912.07
Bond Global Emerging
Total Net Assets
241
Financial Details Relating to the Last 3 Years
Bond Global Emerging
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IU ( D )
Number of shares
Net asset value per share
USD
0.00
0.00
2,395.00
964.61
0.00
0.00
I10 ( C )
Number of shares
Net asset value per share
USD
91,788.00
859.09
22,388.00
891.17
0.00
0.00
MHE ( C )
Number of shares
Net asset value per share
EUR
28,717.01
93.05
83,045.32
96.51
0.00
0.00
MU ( C )
Number of shares
Net asset value per share
USD
59,659.19
144.20
62,592.76
149.33
18,803.01
144.46
OU ( C )
Number of shares
Net asset value per share
USD
119,039.97
874.17
105,691.13
903.35
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
51,680.71
89.84
61,968.69
93.98
7,947.47
93.68
SHE-MD ( D )
Number of shares
Net asset value per share
EUR
319,356.08
79.35
312,165.74
85.09
82,117.10
88.69
SU ( C )
Number of shares
Net asset value per share
USD
815,100.01
25.46
1,086,839.30
26.55
1,053,416.51
25.96
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
189,027,145
189,311,376
58,979,326
AE ( C )
Number of shares
Net asset value per share
EUR
18.93
96.06
0.00
0.00
0.00
0.00
AE ( D )
Number of shares
Net asset value per share
EUR
1,009.50
91.75
999.50
97.04
0.00
0.00
AHE ( C )
Number of shares
Net asset value per share
EUR
3,396.57
100.05
5,516.57
98.05
0.00
0.00
AU ( C )
Number of shares
Net asset value per share
USD
52,293.32
99.40
46,993.56
97.30
0.00
0.00
Bond Global Emerging Corporate
Total Net Assets
242
Financial Details Relating to the Last 3 Years
Bond Global Emerging Corporate
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AU ( D )
Number of shares
Net asset value per share
USD
11,205.00
98.42
11,205.00
98.29
0.00
0.00
FHE ( C )
Number of shares
Net asset value per share
EUR
5,707.45
97.87
6,294.09
96.22
0.00
0.00
FHE-MD ( D )
Number of shares
Net asset value per share
EUR
1,099.91
99.94
0.00
0.00
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
975.68
96.31
10.00
94.57
0.00
0.00
IHE ( C )
Number of shares
Net asset value per share
EUR
43,035.63
766.95
38,001.93
747.72
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
13,512.99
1,219.26
13,022.84
1,186.24
52,991.27
1,113.00
OU ( C )
Number of shares
Net asset value per share
USD
116,936.45
981.29
131,236.45
952.32
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
21,618.27
99.24
26,465.49
97.33
0.00
0.00
SHE-MD ( D )
Number of shares
Net asset value per share
EUR
344.29
100.26
0.00
0.00
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
14,529.87
96.58
13,834.55
94.63
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
83,368,654
84,351,808
0
AHE ( C )
Number of shares
Net asset value per share
EUR
5,500.00
98.10
5,500.00
94.79
0.00
0.00
AU ( C )
Number of shares
Net asset value per share
USD
5,290.00
98.54
7,639.95
95.00
0.00
0.00
Multi Asset Emerging Markets
Total Net Assets
243
Financial Details Relating to the Last 3 Years
Multi Asset Emerging Markets
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
FHE ( C )
Number of shares
Net asset value per share
EUR
1,572.12
92.22
689.52
89.51
0.00
0.00
FU ( C )
Number of shares
Net asset value per share
USD
320.19
94.38
10.00
91.32
0.00
0.00
IHE ( C )
Number of shares
Net asset value per share
EUR
10,730.00
991.06
8,230.00
952.19
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
66,075.81
996.27
75,115.68
954.49
0.00
0.00
OU ( C )
Number of shares
Net asset value per share
USD
1,152.00
944.26
942.00
902.79
0.00
0.00
SHE ( C )
Number of shares
Net asset value per share
EUR
1,295.61
92.94
483.13
89.99
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
1,405.36
98.03
811.20
94.65
0.00
0.00
31/12/13
30/06/13
30/06/12
USD
138,513,643
0
0
AU ( C )
Number of shares
Net asset value per share
USD
20.00
101.15
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
77,520.00
1,008.13
0.00
0.00
0.00
0.00
IU ( C )
Number of shares
Net asset value per share
USD
30,466.64
1,011.73
0.00
0.00
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
117,526,223
132,429,516
162,503,156
EUR
56,522.65
123.38
50,142.71
103.02
46,261.77
86.30
Index Equity Emerging Markets
Total Net Assets
Index Equity Euro
Total Net Assets
AE ( C )
Number of shares
Net asset value per share
244
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Index Equity Euro
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AE ( D )
Number of shares
Net asset value per share
EUR
38.17
148.16
58.41
125.53
27.41
107.02
IE ( C )
Number of shares
Net asset value per share
EUR
60,050.51
1,246.35
87,692.15
1,039.67
146,332.82
869.35
IE ( D )
Number of shares
Net asset value per share
EUR
5,455.89
1,108.11
5,455.89
939.78
7,790.45
801.09
ME ( C )
Number of shares
Net asset value per share
EUR
36,083.80
141.07
45,937.61
117.71
6,570.07
98.47
OE ( C )
Number of shares
Net asset value per share
EUR
20,811.20
1,180.46
25,961.44
984.21
29,684.92
822.15
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
566,335,153
353,461,247
464,996,715
AE ( C )
Number of shares
Net asset value per share
EUR
36,031.48
137.44
20,463.76
119.55
12,811.67
103.13
AE ( D )
Number of shares
Net asset value per share
EUR
178.32
144.58
152.26
128.43
51.58
113.28
IE ( C )
Number of shares
Net asset value per share
EUR
128,984.00
1,388.41
57,751.77
1,206.45
107,973.75
1,038.80
IE ( D )
Number of shares
Net asset value per share
EUR
244,635.81
1,219.24
240,724.45
1,083.68
344,376.26
955.62
ME ( C )
Number of shares
Net asset value per share
EUR
327,825.68
204.69
31,413.63
177.92
50,958.63
153.27
OE ( C )
Number of shares
Net asset value per share
EUR
13,595.57
1,243.02
13,768.57
1,079.56
15,724.00
928.62
Index Equity Europe
Total Net Assets
245
Financial Details Relating to the Last 3 Years
Index Equity North America
31/12/13
30/06/13
30/06/12
EUR
852,162,421
626,442,324
519,386,713
AE ( C )
Number of shares
Net asset value per share
EUR
333,078.39
172.47
295,869.37
157.64
276,995.02
136.54
AE ( D )
Number of shares
Net asset value per share
EUR
346.06
187.36
394.83
173.40
68.72
151.90
AU ( C )
Number of shares
Net asset value per share
USD
20,270.20
169.98
14,412.89
146.56
12,929.24
123.93
IE ( C )
Number of shares
Net asset value per share
EUR
163,418.19
1,742.40
84,002.50
1,591.06
109,097.73
1,375.47
IE ( D )
Number of shares
Net asset value per share
EUR
133,944.74
1,620.06
153,502.43
1,500.26
159,909.89
1,313.67
IU ( C )
Number of shares
Net asset value per share
USD
14,918.80
1,411.74
5,293.76
1,216.06
2,494.75
1,026.36
ME ( C )
Number of shares
Net asset value per share
EUR
1,267,375.54
203.32
1,045,610.44
185.71
608,633.92
160.63
OE ( C )
Number of shares
Net asset value per share
EUR
12,393.45
1,407.10
11,701.86
1,284.22
18,376.00
1,109.10
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
113,377,429
111,942,322
105,337,920
AE ( C )
Number of shares
Net asset value per share
EUR
44,652.78
167.44
29,976.44
162.48
24,269.81
142.32
AE ( D )
Number of shares
Net asset value per share
EUR
1,063.86
131.72
174.78
130.82
82.21
117.55
IE ( C )
Number of shares
Net asset value per share
EUR
34,160.38
1,685.95
38,261.19
1,634.92
43,476.43
1,430.09
IE ( D )
Number of shares
Net asset value per share
EUR
26,963.69
1,510.53
24,889.34
1,501.02
23,427.26
1,348.44
Total Net Assets
Index Equity Pacific
Total Net Assets
246
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Index Equity Pacific
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
ME ( C )
Number of shares
Net asset value per share
EUR
18,185.87
147.37
19,163.17
142.95
21,864.74
125.10
OE ( C )
Number of shares
Net asset value per share
EUR
4,265.00
1,115.76
4,065.00
1,081.45
5,686.16
945.02
31/12/13
30/06/13
30/06/12
USD
128,587,826
0
0
AU ( C )
Number of shares
Net asset value per share
USD
27.45
103.86
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
90,000.00
1,036.85
0.00
0.00
0.00
0.00
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
313,472,936
379,614,886
618,139,867
AE ( C )
Number of shares
Net asset value per share
EUR
218,958.77
121.70
128,691.66
121.22
377,031.62
120.84
AE ( D )
Number of shares
Net asset value per share
EUR
344.02
101.29
471.06
104.07
53.34
107.07
IE ( C )
Number of shares
Net asset value per share
EUR
229,680.54
1,225.37
293,600.06
1,219.31
463,022.33
1,213.36
ME ( C )
Number of shares
Net asset value per share
EUR
46,123.82
115.94
51,781.21
115.40
93,672.33
114.89
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
149,761,937
187,774,048
124,356,714
AE ( C )
Number of shares
Net asset value per share
EUR
77,925.92
104.44
73,056.62
102.60
79,491.37
98.93
AE ( D )
Number of shares
Net asset value per share
EUR
15,462.34
102.98
7,835.65
101.15
0.00
0.00
Index Equity World
Total Net Assets
Index Global Bond (EUR) Hedged
Total Net Assets
Absolute Forex
Total Net Assets
Period/Year ending as of:
247
Financial Details Relating to the Last 3 Years
Absolute Forex
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
FE ( C )
Number of shares
Net asset value per share
EUR
7,061.49
103.15
6,006.50
101.56
13,315.98
98.34
Classic H ( C )
Number of shares
Net asset value per share
EUR
3.01
103.41
3.01
101.76
3.01
98.45
IE ( C )
Number of shares
Net asset value per share
EUR
110,950.26
1,054.13
158,879.36
1,033.42
103,596.68
992.74
ME ( C )
Number of shares
Net asset value per share
EUR
191,956.03
105.17
121,890.90
103.16
91,477.29
99.18
SE ( C )
Number of shares
Net asset value per share
EUR
20,735.88
104.12
20,655.68
102.31
33,077.50
98.74
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
10,009,458
0
0
AE ( C )
Number of shares
Net asset value per share
EUR
10.00
99.77
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
10,000.00
1,000.75
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
10.00
99.77
0.00
0.00
0.00
0.00
31/12/13
30/06/13
30/06/12
EUR
233,503,801
44,962,124
67,640,052
AE ( C )
Number of shares
Net asset value per share
EUR
42,235.51
115.57
46,895.90
115.99
67,974.71
114.10
AE ( D )
Number of shares
Net asset value per share
EUR
10,189.13
98.52
10,948.53
99.35
19,653.94
98.25
AHG ( C )
Number of shares
Net asset value per share
GBP
2,574.68
98.41
2,888.39
98.66
3,000.39
96.75
Absolute Bonds & Currencies
Total Net Assets
Absolute Global Macro 2
Total Net Assets
248
Period/Year ending as of:
Financial Details Relating to the Last 3 Years
Absolute Global Macro 2
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AHG ( D )
Number of shares
Net asset value per share
GBP
0.00
0.00
0.00
0.00
457.83
96.95
AHU ( C )
Number of shares
Net asset value per share
USD
8,387.15
119.43
10,247.75
119.81
16,331.60
117.64
AHU ( D )
Number of shares
Net asset value per share
USD
20.00
100.45
20.00
101.32
20.00
99.63
FE ( C )
Number of shares
Net asset value per share
EUR
3,977.40
98.31
1,774.65
98.80
1,840.35
97.42
FHU ( C )
Number of shares
Net asset value per share
USD
39.90
102.47
39.90
102.95
117.84
101.35
Classic H ( C )
Number of shares
Net asset value per share
EUR
502.27
111.56
508.54
112.11
644.85
110.55
IE ( C )
Number of shares
Net asset value per share
EUR
7,578.26
1,191.04
7,549.21
1,193.06
6,774.68
1,169.70
IHG ( C )
Number of shares
Net asset value per share
GBP
0.00
0.00
0.00
0.00
47.01
973.30
ME ( C )
Number of shares
Net asset value per share
EUR
1,748.19
110.54
1,580.83
110.78
9,744.77
108.69
OR ( C )
Number of shares
Net asset value per share
EUR
192,133.77
1,001.60
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
197,160.69
114.40
223,699.55
114.86
386,290.86
113.08
SHU ( C )
Number of shares
Net asset value per share
USD
22,366.73
118.33
22,376.40
118.77
33,087.93
116.67
249
Financial Details Relating to the Last 3 Years
Absolute Global Macro 4
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
66,497,196
82,702,694
124,542,927
AE ( C )
Number of shares
Net asset value per share
EUR
52,805.09
108.41
57,803.11
107.95
101,685.74
105.80
AE ( D )
Number of shares
Net asset value per share
EUR
16,884.78
87.39
23,020.78
87.36
40,814.99
86.35
AHU ( C )
Number of shares
Net asset value per share
USD
1,946.25
106.12
1,946.25
105.63
2,096.25
103.25
AHU ( D )
Number of shares
Net asset value per share
USD
552.00
94.62
902.00
94.53
902.00
92.62
FE ( C )
Number of shares
Net asset value per share
EUR
5.00
95.59
5.00
95.41
5.00
94.00
Classic H ( C )
Number of shares
Net asset value per share
EUR
1,523.54
105.03
2,260.47
104.71
4,025.11
102.93
IE ( C )
Number of shares
Net asset value per share
EUR
221.01
1,129.55
1,304.55
1,122.20
305.06
1,096.43
IHU ( C )
Number of shares
Net asset value per share
USD
48,976.11
1,094.77
55,912.93
1,087.07
79,359.14
1,058.70
ME ( C )
Number of shares
Net asset value per share
EUR
2,207.28
102.75
2,637.60
102.13
6,872.71
99.84
OE ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
1,766.00
1,004.48
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
181,647.63
107.31
220,878.82
106.90
401,261.60
104.87
SHU ( C )
Number of shares
Net asset value per share
USD
885.97
105.37
1,384.04
104.93
3,749.45
102.67
Total Net Assets
250
Financial Details Relating to the Last 3 Years
Absolute Statistical Arbitrage
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
10,325,741
54,377,378
61,912,771
AE ( C )
Number of shares
Net asset value per share
EUR
10.00
83.69
10.00
85.57
10.00
89.20
AHU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
0.00
0.00
100.00
88.84
FE ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
0.00
0.00
53.18
91.94
IE ( C )
Number of shares
Net asset value per share
EUR
5,989.85
857.21
32,449.17
873.26
29,171.74
903.32
IE ( D )
Number of shares
Net asset value per share
EUR
5,901.04
848.95
29,834.32
864.85
37,151.41
894.58
IHU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
0.00
0.00
10.00
894.91
ME ( C )
Number of shares
Net asset value per share
EUR
23.43
83.49
23.43
85.11
5,094.54
88.05
SE ( C )
Number of shares
Net asset value per share
EUR
2,186.05
81.75
2,815.97
83.72
21,237.47
87.49
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
10,452,846
0
0
AE ( C )
Number of shares
Net asset value per share
EUR
10.00
101.12
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
10,340.53
1,010.67
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
10.00
101.02
0.00
0.00
0.00
0.00
Total Net Assets
Absolute Equity Market Neutral
Total Net Assets
251
Financial Details Relating to the Last 3 Years
Absolute High Yield
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
58,148,735
75,732,117
101,256,716
AE ( C )
Number of shares
Net asset value per share
EUR
238,030.08
106.96
460,472.57
105.84
704,002.46
103.33
AE ( D )
Number of shares
Net asset value per share
EUR
18,265.28
100.07
28,476.42
101.03
14,905.29
100.58
FE ( C )
Number of shares
Net asset value per share
EUR
2,075.53
102.55
1,710.64
101.69
1,415.11
99.74
IE ( C )
Number of shares
Net asset value per share
EUR
14,866.74
1,127.80
16,394.00
1,113.40
21,618.35
1,083.30
ME ( C )
Number of shares
Net asset value per share
EUR
109,183.19
114.30
38,210.71
112.89
12,076.25
110.04
SE ( C )
Number of shares
Net asset value per share
EUR
12,916.00
108.53
12,832.60
107.45
20,210.92
104.98
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
213,313,223
88,879,009
211,667,207
AE ( C )
Number of shares
Net asset value per share
EUR
71,120.01
116.70
95,772.93
115.86
180,791.23
117.49
AE ( D )
Number of shares
Net asset value per share
EUR
7,093.67
104.75
10,995.56
104.00
11,939.69
105.47
FE ( C )
Number of shares
Net asset value per share
EUR
2,254.17
97.80
3,015.36
97.35
4,921.96
99.21
Classic Classic H ( C )
Number of shares
Net asset value per share
EUR
12,289.62
114.17
16,652.96
113.53
38,487.85
115.47
IE ( C )
Number of shares
Net asset value per share
EUR
44,466.88
1,212.92
14,725.61
1,201.33
57,015.12
1,212.02
ME ( C )
Number of shares
Net asset value per share
EUR
136,669.78
111.57
180,005.07
110.53
385,220.47
111.60
Total Net Assets
Absolute Volatility Arbitrage
Total Net Assets
252
Financial Details Relating to the Last 3 Years
Absolute Volatility Arbitrage
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
OR ( C )
Number of shares
Net asset value per share
EUR
106,481.79
1,001.76
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
231,880.55
115.55
321,196.01
114.79
619,146.54
116.52
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
80,345,359
256,809,160
113,059,264
AE ( C )
Number of shares
Net asset value per share
EUR
936.43
101.75
661.75
99.06
539.75
101.21
FE ( C )
Number of shares
Net asset value per share
EUR
421.14
101.17
99.97
98.98
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
31,955.69
1,027.02
44,543.54
997.54
31,968.91
1,014.69
IE ( D )
Number of shares
Net asset value per share
EUR
44,141.58
1,025.68
211,624.11
995.92
79,338.65
1,014.61
ME ( C )
Number of shares
Net asset value per share
EUR
7,265.08
102.03
2,210.77
99.16
664.50
100.99
SE ( C )
Number of shares
Net asset value per share
EUR
13,560.55
101.17
13,380.55
98.68
10.00
101.14
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
1,252,408,195
2,240,643,593
2,587,252,893
AE ( C )
Number of shares
Net asset value per share
EUR
1,474,749.23
134.52
3,282,201.47
145.64
4,216,214.65
157.40
AE ( D )
Number of shares
Net asset value per share
EUR
260,961.96
121.25
378,873.82
131.27
373,812.34
141.87
AHC ( C )
Number of shares
Net asset value per share
CHF
93,076.03
88.74
362,965.79
96.26
119,145.84
104.73
Absolute Volatility Arbitrage Plus
Total Net Assets
Absolute Volatility Euro Equities
Total Net Assets
253
Financial Details Relating to the Last 3 Years
Absolute Volatility Euro Equities
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
AHG ( D )
Number of shares
Net asset value per share
GBP
2,657.56
93.83
2,632.48
101.49
2,580.54
109.58
FE ( C )
Number of shares
Net asset value per share
EUR
54,547.43
88.91
88,248.53
96.60
98,754.89
105.27
Classic H ( C )
Number of shares
Net asset value per share
EUR
53,682.03
128.91
143,811.71
139.98
240,190.13
152.16
IE ( C )
Number of shares
Net asset value per share
EUR
458,466.60
1,408.74
645,254.53
1,519.44
562,132.46
1,631.69
IE ( D )
Number of shares
Net asset value per share
EUR
5,779.00
924.48
15,547.00
997.12
9,770.00
1,068.99
IHC ( C )
Number of shares
Net asset value per share
CHF
5,523.35
902.39
13,268.26
975.31
22,965.87
1,052.60
IHG ( D )
Number of shares
Net asset value per share
GBP
5,243.11
963.64
15,375.46
1,038.04
34,579.48
1,113.60
IHG0 ( D )
Number of shares
Net asset value per share
GBP
41,424.99
988.87
68,544.22
1,065.47
76,491.23
1,143.29
ME ( C )
Number of shares
Net asset value per share
EUR
536,866.89
123.60
1,128,655.03
133.44
1,424,142.91
143.54
OE ( C )
Number of shares
Net asset value per share
EUR
10,600.18
944.05
62,957.42
1,014.60
61,402.94
1,083.20
RE ( C )
Number of shares
Net asset value per share
EUR
3,850.40
98.56
0.00
0.00
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
1,642,706.37
131.64
2,317,170.44
142.74
2,834,525.20
154.69
254
Financial Details Relating to the Last 3 Years
Absolute Volatility World Equities
31/12/13
30/06/13
30/06/12
USD
1,285,574,094
2,076,467,557
2,738,903,821
AE ( C )
Number of shares
Net asset value per share
EUR
12,919.90
92.15
20,459.85
105.96
78,555.38
119.40
AE ( D )
Number of shares
Net asset value per share
EUR
495.00
81.54
495.00
93.76
300.00
104.54
AHC ( C )
Number of shares
Net asset value per share
CHF
21,284.25
83.11
79,960.99
90.30
42,458.84
99.98
AHE ( C )
Number of shares
Net asset value per share
EUR
369,702.50
89.20
854,366.29
96.70
1,405,758.55
106.69
AHE ( D )
Number of shares
Net asset value per share
EUR
8,881.60
84.57
17,162.02
91.71
182,130.18
101.39
AHG ( C )
Number of shares
Net asset value per share
GBP
27,668.14
86.96
53,261.04
94.11
33,260.94
103.38
AHG ( D )
Number of shares
Net asset value per share
GBP
9,005.70
93.44
21,814.03
101.19
23,224.17
111.29
AHS ( C )
Number of shares
Net asset value per share
SGD
26,969.94
84.37
53,445.99
91.52
8,670.46
100.77
AHS ( D )
Number of shares
Net asset value per share
SGD
300.50
83.81
548.00
90.92
0.00
0.00
AU ( C )
Number of shares
Net asset value per share
USD
1,268,406.21
121.49
1,925,669.50
131.78
2,511,403.71
144.93
AU ( D )
Number of shares
Net asset value per share
USD
51,553.98
109.16
57,052.98
118.40
173,846.91
130.21
FHE ( C )
Number of shares
Net asset value per share
EUR
21,885.66
81.37
27,338.09
88.54
14,032.09
98.23
FU ( C )
Number of shares
Net asset value per share
USD
91,599.10
86.40
148,896.20
94.05
81,132.06
104.13
Total Net Assets
Period/Year ending as of:
255
Financial Details Relating to the Last 3 Years
Absolute Volatility World Equities
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
Classic H ( C )
Number of shares
Net asset value per share
USD
63,084.84
117.34
82,356.80
127.67
90,742.87
141.21
IHC ( C )
Number of shares
Net asset value per share
CHF
71.00
874.67
876.00
947.14
0.00
0.00
IHE ( C )
Number of shares
Net asset value per share
EUR
228,266.64
936.89
552,072.23
1,012.00
571,590.26
1,106.78
IHG ( C )
Number of shares
Net asset value per share
GBP
144,225.24
866.33
84,376.93
934.29
50,112.79
1,019.38
IHG ( D )
Number of shares
Net asset value per share
GBP
11,038.52
923.96
14,041.49
996.74
12,787.50
1,087.63
IHG0 ( D )
Number of shares
Net asset value per share
GBP
30,211.34
903.66
50,299.67
974.63
85,761.93
1,063.10
IHJ ( C )
Number of shares
Net asset value per share
JPY
29,343.93
88,511.00
34,445.80
95,799.00
38,192.56
105,259.00
IU ( C )
Number of shares
Net asset value per share
USD
291,050.76
1,273.82
376,141.20
1,376.53
524,801.91
1,502.38
IU ( D )
Number of shares
Net asset value per share
USD
75.23
946.10
93.97
1,022.39
1,143.63
1,116.11
MU ( C )
Number of shares
Net asset value per share
USD
120,267.34
91.60
156,014.77
99.08
227,210.23
108.36
OU ( C )
Number of shares
Net asset value per share
USD
97,390.69
89.13
497,709.77
95.97
555,215.48
104.14
RG ( C )
Number of shares
Net asset value per share
GBP
2,246.14
83.21
360.00
98.30
0.00
0.00
RHE ( C )
Number of shares
Net asset value per share
EUR
9,240.94
94.66
0.00
0.00
0.00
0.00
RU ( C )
Number of shares
Net asset value per share
USD
449.28
92.92
226.28
100.54
0.00
0.00
256
Financial Details Relating to the Last 3 Years
Absolute Volatility World Equities
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
SHE ( C )
Number of shares
Net asset value per share
EUR
68,078.82
84.97
67,208.06
92.29
48,202.89
101.82
SU ( C )
Number of shares
Net asset value per share
USD
521,052.35
119.29
685,193.39
129.59
786,909.64
142.85
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
EUR
83,612,846
32,442,195
0
AE ( C )
Number of shares
Net asset value per share
EUR
190,619.08
100.94
0.00
0.00
0.00
0.00
FE ( C )
Number of shares
Net asset value per share
EUR
144.53
100.76
0.00
0.00
0.00
0.00
IE ( C )
Number of shares
Net asset value per share
EUR
61,107.14
1,052.31
30,973.01
1,015.49
0.00
0.00
ME ( C )
Number of shares
Net asset value per share
EUR
0.00
0.00
10,305.29
96.01
0.00
0.00
SE ( C )
Number of shares
Net asset value per share
EUR
535.54
100.85
0.00
0.00
0.00
0.00
31/12/13
30/06/13
30/06/12
EUR
868,564,396
1,155,372,168
1,157,990,573
AE ( C )
Number of shares
Net asset value per share
EUR
4,365,456.50
101.06
5,416,476.95
101.02
7,461,257.85
100.78
AE ( D )
Number of shares
Net asset value per share
EUR
3,108.19
100.62
5,985.46
100.65
39,864.06
100.80
FE ( C )
Number of shares
Net asset value per share
EUR
376,390.35
100.71
592,704.25
100.66
903,347.66
100.56
IE ( C )
Number of shares
Net asset value per share
EUR
211,242.82
1,015.08
320,304.63
1,014.11
141,316.94
1,009.82
Absolute Global Dividend
Total Net Assets
Cash EUR
Total Net Assets
Period/Year ending as of:
257
Financial Details Relating to the Last 3 Years
Cash EUR
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
IE ( D )
Number of shares
Net asset value per share
EUR
0.00
0.00
0.00
1,010.00
7,663.35
1,009.82
ME ( C )
Number of shares
Net asset value per share
EUR
859,132.51
101.51
1,251,648.16
101.41
1,333,404.15
100.98
OE ( C )
Number of shares
Net asset value per share
EUR
77,883.87
1,017.62
86,481.87
1,016.12
13,858.75
1,010.82
SE ( C )
Number of shares
Net asset value per share
EUR
81,736.17
100.98
82,174.77
100.94
120,095.79
100.73
Period/Year ending as of:
31/12/13
30/06/13
30/06/12
USD
389,895,880
329,763,002
382,486,834
AU ( C )
Number of shares
Net asset value per share
USD
2,449,295.25
100.90
2,061,168.73
100.77
2,794,436.21
100.42
AU ( D )
Number of shares
Net asset value per share
USD
2,085.82
100.91
4,717.38
100.78
2,090.38
100.43
FU ( C )
Number of shares
Net asset value per share
USD
211,247.40
100.88
178,312.96
100.75
210,495.53
100.40
IU ( C )
Number of shares
Net asset value per share
USD
50,767.36
1,008.96
58,707.87
1,007.72
56,352.33
1,004.17
MU ( C )
Number of shares
Net asset value per share
USD
600,654.82
100.89
239,431.12
100.77
159,488.44
100.42
OU ( C )
Number of shares
Net asset value per share
USD
0.00
0.00
9,740.81
1,000.05
0.00
0.00
SU ( C )
Number of shares
Net asset value per share
USD
93,440.78
100.89
105,044.99
100.77
79,015.50
100.41
Cash USD
Total Net Assets
258
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
Equity Euroland Value
31/12/2013
EUR
31/12/2012
EUR
15/11/2013
USD
31/12/2012
USD
447,148
1,866,334
142,863
330,900
595,207
-
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on financial futures
Net realised profit/(loss) on foreign exchange
-
-
-
-
140,583
2
-
-
52,683
2,980
1,714
656
3,200
Dividend paid
Redemptions
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
260
5,876
-
287
-
30,043
548,677
238,051
-
65,553
7,529
770
166,276
51,055
231,476
140
590
144
2,439
-
-
-
17,232
-
37,016
-
-
139,228
1,043,683
-
-
-
-
1,616
-
-901,040
-
517,741
-28,729
-2,656
131,910
-4,363,961
-
-
-
-
1,243
-187,447
-6,679
4,260
862
-149,107
-81,726
-
10
10,180
361,230
64,841
4,295
Subscriptions
191,999
260,850
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Result of operations
676,898
115,250
2,280,395
Net change in unrealised appreciation/(depreciation) on swaps
10,945
303,275
10,697,845
Net change in unrealised appreciation/(depreciation) on financial futures
330,867
-
1,153,524
252,334
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Net change in unrealised appreciation/(depreciation) on options
-
455,979
1,395
Net realised profit/(loss)
-
360
1,740
Net realised profit/(loss) on swaps
-
154,168
6
2,219,758
Net realised profit/(loss) on options
2,197,207
7,476
-
7
Equity Global Alpha
-3,329,613
27,399,106
-
-3,247
-
-
5,965,277
-81,575
-
6,384,246
-1,148,228
-
-891,041
387,038
-
47,532
-1,573,687
2,055,005
58,625
66,745
-210,360
-
173,594
-
-
12,986,795
24,066,246
5,302,763
503,177
4,184,767
20,660,552
375,821
1,802,311
-
-11,312,621
-3,380,100
-26,190,841
-
-47,466,785
5,858,941
15,155,857
-41,788,201
62,274,375
165,081,058
41,788,201
-
68,133,316
-
180,236,915
-
-
-
-1,487,090
818,398
-
41,617,771
42,436,169
Equity Japan Target
31/12/2013
JPY
Equity US Concentrated Core
31/12/2013
USD
31/12/2012
USD
17/09/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
63,474,565
341,424
563,623
24,851
112,911
3,706,888
3,350,034
64,755,331
-
-
27
-
-
Equity US Relative Value
31/12/2012
JPY
64,999,282
64,999,255
Equity US Growth
341,581
-
300,413
157
-
-
-
980,353
-
-
568,445
-
3,879
24,851
-
116,961
-
3,706,888
-
-
-
-
943
-
4,050
-
1,832
-
-
-
-
1,399,742
1,256,325
127,661
401,406
4,349,106
1,131,884
55,306
53
60,248
2,033
-
56,517
1,007,160
-
-
58,335,663
38,260,318
-
-
104,865,725
68,157,493
3,351,866
867,089
83,966
237,423
3,064,861
-
3,148,906
2,226,124
8,025
15,925,846
9,662,493
240,530
208,916
19,220
54,710
873,159
639,344
2,834,967
517,203
29,758
28,544
4,865
21,593
35,687
26,986
1,908,585
949,982
27,299
23,292
2,388
6,155
78,726
50,701
14,823,208
8,460,177
94,484
67,462
15,189
81,321
239,887
197,235
83,742
418,300
323
497
-
118
269
491
-
-
-
-
-
-
-
-
-
-
-
-39,866,443
-
-
11,884
-
-
-
-
-
-
868,412,053
277
-
186,755,395
-103,708
-
-687,880
510,710,677
1,146,165,638
135
-8,230,000
-267,969
261,300,052
329,116,604
-
9,972,565
-
-
-1,058,161
76,622,958
4,555,000
-
-
6,419,668
670,870,112
-
-
-102,810
-
-
86
-284,445
-
-
-642,218
-
-
202,960
-265,447
5,456,688
-1,986,407
25,118,072
3,899,263
1,423,269
1,108,338
124,087
363,399
10,939,457
8,132,653
-
-
-
-
-
-
-
-25,303
10,312,370
15,263,626
-
-11,299
143,712
8,340,411
-
-3,475
5,474,490
-2,757,102
-
-8,462
-1,915,915
3,279,045
-
-112,778
35,302,533
59,972,171
-
-24,277
12,210,599
34,834,083
-
2,064,136,022
599,440,919
25,580,458
8,029,584
2,718,470
1,085,417
95,294,430
44,184,573
8,778,067,460
1,017,838,923
49,661,387
11,658,857
1,178,877
1,339,652
455,388,213
18,535,726
-555
-6,436,465,938
4,405,736,989
-
7,430,254,739
11,835,991,728
-11,584
-1,081,045,629
-
-55,382,878
536,222,629
19,858,967
6,091,682,628
117,511,886
-
6,627,905,257
-
137,370,853
-
-
-
-18,407,403
-
-
-
-24,730,728
-
-
-
-16,052,656
19,726
-
-15,795,000
-
-277,713
-
-
19,465,000
-
1,082
-
-
24,819,263
-
-454,539
-
-
30,093,331
-
4,462
-
-
-
-
-8,663
-395,286,129
-2,860,109
-
-
-172
-46,819,130
1,281,038
-20,833,381
-13,627,587
155,387,851
15,900,997
116,324,534
20,833,381
35,376,334
513,078,471
409,770,885
-
117,605,572
-
-
-
21,748,747
-
668,466,322
-
425,671,882
The accompanying notes form an integral part of these financial statements
261
Statement of Operations and Changes in Net Assets
Note
English
Income
Equity Global Select
31/12/2013
USD
31/12/2012
USD
738,195
828,607
805,598
Net dividends
2
Bank interest
2
1,096
Other income
6
66,307
Management fees
4
Administration fees
4
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
2
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
-
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on swaps
Net realised profit/(loss)
-
-
-
1,631,901
1,507,476
150,832,014
508
55
-
1,096,913
-
52,391
1,058,945
-
-
73,878,093
46,008,848
-
-
51,280,714
28,437,711
-
274,876
269,247
22,338,561
7,993,114
342
192
292,917
364,178
37,730
35,986
2,272,833
916,977
146,202
119,456
50,759,222
13,492,507
17
10
1,290,388
76,227
-
-
-
-826,303
-626,461
-35,833,896
-
-
75,313
-
23,585
-
-
-
1,803,995,882
-
145,304,428
315,319
-2,623
-30,095
8,001,665
-
177,112
-193,384
-
Net realised profit/(loss) on foreign exchange
46,008,848
114,998,092
-
-
-
Net realised profit/(loss) on financial futures
114,998,118
-
-
31/12/2012
JPY
881,015
26
9,023,975
Net realised profit/(loss) on options
31/12/2013
JPY
17
-
7
Equity Japan Value
-
-164,125
-
-
-4,555,130
-
-5,271,866
-75,624,536
-
-
-
-918,683
1,908,911,284
-81,815,085
-
-
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
13,206,629
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
-
-
187,751
89,200
21,396,045
8,468,481
2,041,308,656
841,523,628
11,455,585
19,033,460
19,595,763,623
6,497,098,471
Net change in unrealised appreciation/(depreciation) on options
-
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
262
-
10
-
-11,231,349
8,543,406
-
-
-
-
-
-14,787,909
21,620,281
12,714,032
149,982,439
154,376,291
-
171,602,720
-
167,090,323
96,089,045
36,308,327
-
-
-2,015,380
-18,381,896,067
923,338,713
-
-
-4,033,605
-3,739,347,160
3,253,160,832
3,595,241,334
14,522,154,644
4,071,684,176
-
17,775,315,476
-
7,666,925,510
Equity Euro Select
Equity Europe Select
Equity Euroland Small Cap
Equity Global Gold Mines
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
997,523
851,171
723,055
875,457
445,712
490,552
328,515
663,490
1,269,226
-
1,073,198
-
741,915
-
892,572
-
638,480
-
541,259
-
334,464
-
14,118
11
102
15
19,043
39
436
-
-
-
-
-
-
-
-
257,585
-
222,016
-
18,758
-
17,100
-
173,725
-
50,668
-
5,513
671,783
-
238
-
8,055
1,544,318
828,585
1,328,090
1,016,449
2,511,276
1,255,752
1,164,599
1,858,105
76,189
16,005
444,090
151,706
109
359,819
403,079
109,296
951,978
523,625
566,813
540,300
1,526,644
478,181
481,832
999,469
362,124
187,292
175,388
169,602
499,911
177,210
117,264
253,770
6,750
6,055
2,213
1,236
14,918
3,920
10,269
16,507
22,388
86,043
15,010
65,722
17,028
87,476
117,498
328
493
38,630
14,691
34,754
-
-
-
216
-
-275,092
185
-
244,613
-
-
-19,970
6,120,445
38,325,860
-
-
-5,898
-1,019,678
16,577,549
-
360
2,765
-
-
-
270,080
194
-
-
-
78
-
-
458,740
362,853
-1,872,796
6,608,248
-36,000
-
17,266
6,003,339
10,923,389
-
783,272
23,706
101,766
-
11,165
189,859
139,167
-
13,971
293,380
19,913
-123,877
-1,528,473
-
37,069
-586,175
5,956,767
-
15,701
32,598
-
-714,493
38,729
-
135
-830,135
89,739
-
-1,186,322
8,655,872
2,056,189
-12,679,419
-10,762,244
-
-
-
56,726
27,476
-
-
-
-
-
312,310
-18,041
953,664
12,703,666
-
-
22,942
6,806,018
46,695,497
-
-
-7
1,341,689
15,377,245
-
-
71,586
-13,381,242
8,855,170
-
-
-54,665
-11,975,755
17,681,524
-
-
-
268,230
-56,930
59,000
-80,000
44,714,535
15,500,941
16,985,728
13,577,330
53,501,515
16,718,934
-4,526,299
5,699,832
29,263,699
24,460,993
27,557,429
22,277,502
157,425,094
53,431,370
45,529,091
91,039,250
7,972,603
14,810,546
26,400,301
166,911,460
56,565,282
16,486,950
110,628,715
108,311,668
99,662,310
216,667,570
85,813,351
54,170,327
-8,147
-5,082
-27,099,599
-31,984,249
-
-
46,870,488
218,077,745
264,948,233
118,601,318
-
-5,883
-29,726,728
-
123,122,214
-
-4,043
-9,450,488
-
126,062,611
-
-
-
-44,015,149
-
383,579,030
-
-
-
-13,585,022
-
142,378,633
-227
-
-
-
-
-
-
-
-
-
-
-24,515,842
-
70,657,277
-5,937
-
-
-
-116,083,382
-19,344,300
-
135,278,897
115,934,597
The accompanying notes form an integral part of these financial statements
263
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
Equity Global Luxury and Lifestyle
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
1,116,891
690,847
1,060,252
1,410,651
1,156,577
-
2,398
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on foreign exchange
-
-
31,217
1,149,483
1,420,534
5,212
-
950
1,484,589
750,243
985,570
362,174
185,232
246,727
31,199
18,261
6,475
44,621
22,872
166,088
147,416
177
1,564
85,448
-
-
-1,022,931
-
-15,801
Net realised profit/(loss)
-
2,179,508
-4,305,563
Net realised profit/(loss) on swaps
-
3,524
40,539
330,471
Net realised profit/(loss) on financial futures
1,094,993
-
37,288
-
Net realised profit/(loss) on forward foreign exchange contracts
-
-
-
7,143,064
Net realised profit/(loss) on options
731,386
-
-
7
Equity Global Agriculture
2,129,240
21,964
1,863,823
1,155,014
-
286,122
26,045
4,080
516
-
676,082
-
83,509
47
-
-418,097
-
299,820
76,730
-
-
288
80,253
23,895
-
1,494,448
-
1,818
-325,541
89,534
-
2,692
-369,375
347,333
-1,468,899
26,651
3,790,774
3,089,142
-
-
-
-
-2,194,997
-56,147
-1,966,508
-
1,440
3,814,006
-
-20,545
1,230,323
20,542,920
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
-210
-6,466
-1,521,235
-496,327
21,150,715
9,919,343
18,751,252
11,442,443
71,382,660
40,925,765
37,499,320
31,942,997
-
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
264
-
10
-170
-50,816,621
-
-
-202
-33,387,201
14,936,863
-
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Net change in unrealised appreciation/(depreciation) on options
12,388,644
-
-
383
-
-
-
-45,039,313
41,716,584
17,457,705
11,211,259
149,854,499
80,932,281
160,903,468
-
191,571,083
-
98,389,986
-
172,114,727
11,332,402
-
-1,120,282
-
-
-
-38,189,723
5,195,717
-
166,345,879
171,541,596
Equity Global Resources
Equity Europe Restructuring
Equity ASEAN
Equity Asia ex Japan
31/12/2013
USD
31/12/2012
USD
15/11/2013
EUR
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
745,392
769,409
55,012
286,627
3,114,252
1,740,876
1,737,640
2,586,464
751,794
-
809,760
-
63,706
-
311,843
-
1,523
241
849
183
-
-
-
-
-
4,879
-
40,110
-
7,845
3,114,252
-
1,740,880
-
1,737,641
-
4
1
39
-
-
-
-
-
-
25,033
-
-
-
918,435
111,809
184,608
1,966,805
2,000,388
3,674,567
166,494
-
4,286
2,248
-
79,138
696,526
572,347
53,621
104,447
971,858
1,069,512
1,529,222
119,278
139,575
16,764
36,947
408,954
466,338
515,103
4,489
6,515
1,358
1,548
6,429
4,342
6,586
12,064
13,955
1,523
2,659
-
-
954,005
420,984
2,586,503
22,602
29,878
35,727
-
3,294,768
1,900,757
1,463
636,934
47,151
9,122
136,846
163,364
28,723
31,586
555,325
349,396
886,631
695,882
29
397
19
50
1,637
1,784
4,772
3,459
-
-
-
-
-
93,821
-
-202,211
22,282
-
-108,675
5,515
-
-
-
-
1,888,108
11,612
-19,898
-
39,895
290,839
8,086,747
-
-
-76,359
-2,954,432
8,931,270
-
-
1,147,447
2,824,517
-
-
-
127,235
-2,781,010
-
-
-
-48,103
-1,434,953
-
5,123
589
-
3,607
2,760,712
-1,048,128
-
-24,787
132,071
-
-
-60,111
174,408
-
-
-
-
-
-
-750,508
-
-708,265
-
-
-
-
-1,936,926
8,403,696
-55,767
-
-
-259,508
-1,842,188
-
-
-
-
-7,077
8,137,111
4,506,816
-
-
-
-30,042
2,539,848
208,338
-
-
-
7,997
-491,930
2,403,297
-18,384,596
20,547,899
22,134,879
36,767,801
-
-
-
-
-
-12,239
-1,238
8,000
-
-
2,090
8,365,347
5,975,600
1,722,674
2,550,666
-19,135,104
28,685,010
24,674,727
36,275,871
75,412,550
30,361,982
3,965,739
3,252,196
14,194,106
29,738,896
19,921,800
47,384,831
-
-
-25,938,160
-
-
-50,833,853
-
-
-18,096,314
-27,039
-
-
-37,141
-7,215,359
-
-
-47
-55,194,963
-
-
-6,561
-46,439,780
-
-
-
-33,914,462
-
-
-
-55,700,390
57,839,737
-14,496,271
-12,407,901
-1,449,638
-60,136,008
11,977,565
10,682,065
27,960,312
47,482,959
82,858,741
12,407,901
24,340,368
209,792,366
198,020,458
213,554,279
259,143,526
-
105,322,696
-
68,362,470
-
-
-
22,890,730
-
149,656,358
-
209,998,023
-
224,236,344
-
287,103,838
The accompanying notes form an integral part of these financial statements
265
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
Equity Brazil
31/12/2013
USD
31/12/2012
USD
31/12/2013
EUR
31/12/2012
EUR
1,350,308
2,524,179
525,878
995,995
1,356,674
-
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on options
Net realised profit/(loss) on financial futures
-
-
-
-
6,358
773
-
4,796
1,878,492
605,342
10,351
63,444
63,016
775,556
1,101,439
331,218
241,441
338,614
94,925
4,262
4,149
5,445
18,397
28,882
120,194
292,061
1,090
2,801
31,315
-
4,270
149,798
8,921
-
9,372
-70,095
-7,332,367
-658,212
-
-
-
-
-
12,830
723,598
449,167
959
128,924
12,655
6,815
91
-
646,461
-
81
19,201
1,439
-
21,630
108,749
45,663
-
1,030,455
73,163
-6,013,329
901
Net realised profit/(loss)
-
1,206,876
-
Net realised profit/(loss) on foreign exchange
-
4,573
-
Net realised profit/(loss) on swaps
-
535,247
1
-
Net realised profit/(loss) on forward foreign exchange contracts
2,524,953
8
-
7
Equity Emerging Europe
-
13,989
-
2,249
306,857
-414,745
-
-
6,178
501,094
21,163
1,135
11,362
-
-
-5,862,630
-6,664,743
21,886,306
1,280,428
5,349,470
Net change in unrealised appreciation/(depreciation) on options
-
-
-
-
Net change in unrealised appreciation/(depreciation) on financial futures
-
-
329,741
-105,872
-804,878
15,221,563
889,175
5,648,166
21,076,944
64,588,000
2,389,306
8,798,496
5,057,752
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
-
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
-
10
-30,775
-40,005,143
-
-43,189
-53,519,668
-720,994
-
-
-5,869
-7,432,332
Increase/(decrease) in net assets
-19,763,852
26,246,706
-4,159,720
Net assets at the beginning of the period (01/07/13)
105,505,733
133,809,100
38,468,984
Reevaluation of consolidated Net Assets
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
266
-
85,741,881
-
160,055,806
-
34,309,264
404,568
-
-2,915
-13,905,040
538,707
-
49,017,125
49,555,832
Equity Emerging Internal Demand
Equity Emerging World
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
2,524,408
2,598,261
7,982,540
3,212,998
-
2,610,654
-
2,351
3,120
-
-
-
686,239
-
9,273
Equity MENA
Equity Greater China
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
11,808,904
433,721
40,835
4,477,245
4,675,929
8,067,294
11,847,293
23,731
1,476
133,708
-
-
-
-
-
-
-
3,972
649
-
-
57,051
36,264
567,649
220
-
40,835
-
-
-
4,477,245
-
-
-
3,568,183
3,248,067
7,801,633
10,491,284
1,714,367
158,876
6,246,732
74,273
228,266
2,925
46
27,829
4,772
418,301
2,076,058
1,736,276
3,910,701
6,023,897
769,080
44,662
3,083,607
696,678
590,040
1,506,485
2,129,955
290,558
33,868
1,052,885
6,223
5,268
53,325
48,036
15,243
5,071
33,655
44,231
44,520
96,606
180,028
10,900
2,621
79,888
4,675,929
-
-
-
6,969,506
3,762,189
34,325
1,334,530
104,334
31,934
543,888
558,295
1,745,680
1,817,791
519,827
63,065
1,576,003
1,688,940
4,384
22,746
46,409
39,840
16,142
1,448
2,393
13,254
-
-
-
-
-
-
-
117,669
-
4,779
59,595
-
3,061
-355,185
-637,413
-
-
-6,216,144
294,853
-
27,013
-6,249,463
21,402,533
-
425,801
246,910
-
-
-
13,701
4,781
265,661
-
-
-
-
-
648,450
-1,492,633
36,366,673
-
-
540,077
-6,546,054
-28,579,338
51,840,309
149,712,834
-
-13,142
6,267,129
11,744,080
-
15,526,758
-
-
-
-
-8,872
-60,725
-357,895
-
-
-
380,141
17,631,313
12,875,286
699,311
47,488,880
75,309,979
-2,009,941
2,550
-22,737
-
-
-
-
-
-
-
-
-
-
-
15,147,152
34,284,681
44,930,750
119,123,555
18,013,759
1,056,715
65,120,193
88,185,265
44,809,833
76,508,245
65,084,786
171,379,890
41,748,782
9,483,374
62,514,726
216,399,017
-160,080,692
-
-58,743,813
-
-
52,049,113
-268,829,897
327,931,334
252,653,399
859,028,994
227,806,946
-
304,702,512
-40,712
-378,845,433
-100,124,388
-
-
-
590,199,097
-199,711,634
90,751,099
-
1,064,147,416
1,154,898,515
-
60,066
19,461,525
-363,505
-681
-
537,360
446,988
-589,359
-
-
6,889,629
-5,918
-
-
-
-378,114
-
-2,293,577
-1,896,217
-
-
-
-1,769,487
305,173
-440,823
29
-
-
-118,041
-31,123,874
-
-
-
-
-1,146,718
-4,537,384
-
-
3,340
1,356,009
-719,570
-
64,788
-
-
-60,793,012
-
-2,009
-3,008,590
-1,030,471
7,529,490
128,687,197
15,793,695
-
127,656,726
-
23,323,185
-
-7,453
-125,563,803
-
-35,244
-131,166,312
2,063,663
173,382,726
434,844,961
508,741,656
-
436,908,624
-
682,124,382
The accompanying notes form an integral part of these financial statements
267
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
Equity India
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
1,784,110
2,553,583
398,395
536,032
1,784,110
-
Net realised profit/(loss) on securities sold
-
-
-
-
1,579,122
-
-
-
-
16,156
3,076,205
4,093,808
593,330
232,768
374,744
-
1,379,751
1,843,954
347,674
-
-
485,006
249
853,343
1,176,478
132,372
185,823
2,002
1,758
6,064
7,537
31,234
45,818
7,349
9,202
562,299
646,506
99,168
274,666
14,808
4,550
703
616,639
-
-
-
-
-
-
-
-
-
-
-1,292,095
-1,540,225
-178,779
-
-
-
Net realised profit/(loss) on swaps
-
-206,755
Net realised profit/(loss)
-
68,127
-
Net realised profit/(loss) on foreign exchange
-
604,159
-
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on financial futures
-
414,551
-
18,822,848
Net realised profit/(loss) on options
2,553,583
-
-
7
Equity India Select
-9,368,096
-
127,157
-
-
-974,963
-291,386
4,342,026
-
-
-
-102,815
-
40,938
17,323,998
-10,781,164
114,924,375
3,236,714
-572,980
3,408,001
Net change in unrealised appreciation/(depreciation) on options
-
-
-
-
Net change in unrealised appreciation/(depreciation) on financial futures
-
-
-
-
27,187,096
104,143,211
2,663,734
10,014,466
58,108,203
67,644,995
179,685
187,175
9,863,098
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
-
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
268
-
10
-3,151
-
-4,511
-113,192,447
-123,757,667
-
-
-27,900,299
435,301,873
407,401,574
-
-
-8,006,304
48,026,028
-5,162,885
528,875,458
63,197,822
576,901,486
-
58,034,937
6,606,465
-
-104
-15,273,028
-5,071,491
-
87,172,247
82,100,756
Equity India Infrastructure
Equity Korea
Equity Latin America
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
203,668
357,510
35,878
70,595
203,668
-
-
-
357,512
-
2
-
-
35,878
-
-
-
31/12/2013
USD
Equity Thailand
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
15,826,323
1,326,131
923,417
70,712
10,921,665
15,890,540
-
-
-
117
-
-
10,918,460
457
-
2,748
1,326,203
-
5
72
-
-
-
64,212
-
220,636
416,311
1,401,693
1,739,773
8,240,841
11,230,113
1,088,351
827
44,707
14
845
218,386
219,664
-
129,935
208,573
418,857
464,465
5,378,378
7,169,363
712,820
53,012
87,423
165,062
182,315
1,836,220
2,478,017
223,259
1,381
1,896
445
340
10,303
12,991
2,889
3,166
5,593
7,010
7,843
31,496
67,617
810,305
1,083,965
819
502
-
-
-
-
-
-
-
-16,968
-
-
-
-
-58,799
-1,365,815
-1,669,061
-
-
-
-2,906,724
-
-
-
-21,651
-1,245,686
2,012,478
-
4,641,981
-
-
1,400,004
5,419,242
-
-271,629
6,287,895
-
-
-
-
-
-74,410
80,699
-19,656
-14,141
-
-12,959,820
-
-8,597,720
-
-1,577,210
-
6,002,125
29,623,952
127,894,252
-12,686,686
12,286,276
-
-
101,240
-
-
-
-
-
-
-
-
-
-
-
-
766,792
6,553,424
13,305,756
6,819,246
16,765,372
119,296,532
-14,263,896
18,288,401
2,689,457
9,824,851
50,882,638
49,583,936
107,521,548
94,445,950
26,857,681
68,019,583
-
-7,276,830
-
-9,277,497
-3,820,581
7,100,778
26,306,226
37,368,023
-
22,485,645
-
44,468,801
-
-6,367
-56,710,378
7,471,649
-
68,077,063
75,548,712
-
-
-
-
-
-
-
-
-
-
3,133,404
237,852
-
-59,839
10,172,352
4,660,427
-
-120,475
-142,762
9,526,354
-
2,840
-
-7,407
43
-
-
-1,795,406
-
19,032
-
-13,338,846
-
-2,972,930
2,680,824
38,376
241,474
1,222
-
-15,445,759
-
12,529
743,106
1,604
3,128,904
-
-
-
1,205,228
48,439
-
-
-
161,975
-
-
-
-
132,946
177,583
1,896
14,833
10,182
947,701
184,332
-
467,160
173,515
-
-
-1,207,067
-
-
131,637
933,599
-
-10,517
-57,853,980
-1,461,315
-
86,014,570
84,553,255
-
-579,192
-206,933,329
-
-233,854
-337,534,717
-
-7,652
-53,618,797
-
-6,229
-52,100,267
-83,225,601
-124,026,089
-41,032,664
34,201,488
897,242,681
1,285,376,590
112,449,888
87,922,293
-
814,017,080
-
1,161,350,501
-
71,417,224
-
122,123,781
The accompanying notes form an integral part of these financial statements
269
Statement of Operations and Changes in Net Assets
Note
English
Income
Equity Global Aqua
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
USD
247,647
221,022
25,203
273,852
Net dividends
2
Bank interest
2
204
Other income
6
26,001
Management fees
4
Administration fees
4
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
2
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
-
-
-
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on foreign exchange
-
-
-
-
-
-
-
-
-
204
-
333,065
74,831
9,365
1,592
22,566
278,741
62,583
7,115
699
-
13,919
4,971
-
44,289
42,056
14,595
1
160
1,957
-
-
16,321
-
786
-206,398
-
-314
Net realised profit/(loss)
-
35,646
-
Net realised profit/(loss) on swaps
-
-
396,283
-
Net realised profit/(loss) on financial futures
-
-
-
480,250
-
Net realised profit/(loss) on forward foreign exchange contracts
-
25,203
-
1,496,246
Net realised profit/(loss) on options
243,588
31/12/2012
USD
-
-
7
Equity Emerging Anti-Benchmark
3,864
-
1,065
-
-
-
-
-
-
-
-
-
-
-152,695
-10,443
-
-
-
-
1,228,871
-
-
-24,193
-7,390
-
-1,386
-
-
-
-
25,797
-
45,016
-
1,289,534
1,051,983
608,907
-32,145
Net change in unrealised appreciation/(depreciation) on options
-
-
-
Net change in unrealised appreciation/(depreciation) on financial futures
-
-
2,928
4,401,677
1,660,890
-3,420
-
9,891,677
13,331,543
22,914,189
-
-1,894,622
22,910,769
33,107,270
-
3,112,143
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
-
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
270
-
10
-
-8,024,340
6,269,014
-
33,930,435
40,199,449
-
-3,671
-16,883,384
-
31,212,648
-
-
-
-
-
-
-
-
-
-
-
22,910,769
-
-
Equity Emerging Minimum Variance
Equity Europe Minimum Variance
Equity Global Minimum Variance
Equity World Anti-Benchmark
31/12/2013
USD
31/12/2012
USD
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
31/12/2013
EUR
424,610
-
1,340,257
635,445
405,850
209,362
161,847
424,610
-
-
-
-
-
-
-
-
-
-
1,400,799
-
7,177
-
53,365
929,222
-
25
-
293,752
406,194
-
219
-
125
209,647
-
285
-
-
245,414
31/12/2012
EUR
-
-
-
-
-
1,195
-
82,372
-
-
402,225
-
1,267,621
547,128
312,715
135,655
149,714
-
97
-
3,017
3,126
-
-
-
-
103,863
98,716
3,570
75
193,882
-
-
-
-
-
-
570,511
263,399
13,248
1,894
390
-
-
1,581
-
-
22,385
-
-
-
1,519,249
1,544
159,929
-
-50,025
-
-
-
5,232
-
3,416
257,044
122,422
-
85,719
287,848
-
441
169,508
-
50
133,178
5,893,289
-
-
145,811
69,000
4,340
368
-
-
1,136
583
152
523
347
-
-
-
-
3,324,423
-
27,465
31,558
-
382,094
1,267
54,142
13,847
-
27,368
88,625
79,197
27,925
-
52,352
-
93,479
788,093
-
-62,929
3
-
73,992
705,264
-
-
-
-
15,771
-
-33,767
-23,294
-50,978
-20,726
3,082
1,653,082
-
-
-
-
-6,084
42
-
-
-
320,105
-
-
-
-
553,667
108,863
-
-
-
-
83,024
-
-
-
95,700
-
-
-
-
-
-
-
758,572
662,136
-
-
-
6,075,724
15,218,133
3,792,086
1,087,770
3,328,974
-226,274
-
-
-
-
-
-
-
262,665
-285
161,454
-
2,325
4,203,472
-
21,556,522
4,570,325
4,578,198
532,298
1,631,864
67,086,546
-
73,893,220
21,429,092
49,888,631
27,592,135
300,841
4,374,952
48,596,707
27,973,629
1,922,843
-
58,595,504
37,311,428
-
20,225,502
-
2,470,073
80,317
-
-
-67,695
-
-
-
-
-
-87,026,291
-21,624,465
-
-
-
-
-
-
71,222,323
-
-
-
71,222,323
-
-
778,524
-
8,423,451
180,405,968
188,829,419
62,970,456
-
-
-5,870,122
-
85,908,135
-
-
-150,804
-
27,973,629
967,403
-
-
-9,862
-
22,148,345
-
-
-
-
-
-
The accompanying notes form an integral part of these financial statements
271
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
7
Net realised profit/(loss) on securities sold
Convertible Europe
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
239,610
398
185,208
4,025,403
Net realised profit/(loss) on financial futures
1,034,083
223
-
161
3,801
-
10,668
Net realised profit/(loss) on foreign exchange
-
189
166
-
94,642
803,490
409,679
135,308
242,006
29,783
4,286
1,619
38,801
74,408
7,556
19,437
30,631
-
-
-
1,754,401
-
839,911
181,950
-
-288,739
-51,572
1,526,035
9,130
-
1,056
-9,784
376,325
-
954,121
6,701,601
-96,046
-
-650
768,215
14,272,662
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
37,740
47,710
2,073,553
262,261
607,160
-431,160
16,060
-46,005
23,929,262
6,504,814
12,722,693
831,476
233,324,547
97,870,713
93,889,911
6,117,665
1,498,055
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
-
10
-21,685
-72,997,753
85,631
-
-
-71,753,606
3,352,757
-64,794
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Net change in unrealised appreciation/(depreciation) on options
5,276,598
169
3,680,451
-70,350
-
4,911
563,164
825,380
-
2,981
36,594
3,878,488
-1,452,370
-212,456
7,513,645
-
-57,178
337,242
129,175
1
-
-
-
1,089
108,794
-
-
11,602
57,831
425
295
226,086
194,168
1,627
7,158
178,382
195,619
-
376,390
350,414
185,835
-
1,508,357
1,146,146
31/12/2012
EUR
-
575,257
34,588
Net realised profit/(loss)
243
2,271,002
168,565
Net realised profit/(loss) on swaps
1,219,618
1,414,338
-717,476
Net realised profit/(loss) on forward foreign exchange contracts
1,415,168
3,771,101
5,936,325
Net realised profit/(loss) on options
Convertible Global
578,722
-
-
-51,340,608
-151,375
-1,620
-
-2,111
-4,735,750
Increase/(decrease) in net assets
184,234,371
32,621,921
55,271,996
2,211,280
Net assets at the beginning of the period (01/07/13)
217,022,116
92,824,176
120,162,006
17,182,520
Reevaluation of consolidated Net Assets
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
272
-
401,256,487
-
125,446,097
-
175,434,002
-
19,393,800
Bond Euro Aggregate
Bond Euro Corporate
31/12/2013
EUR
31/12/2012
EUR
-
-
4,038,221
31/12/2013
EUR
Bond Euro Government
Bond Euro Inflation
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
-
-
-
-
4,200,733
14,031,680
19,313,699
3,961,256
4,082,564
12,934,094
17,795,464
4,372,417
2,098,067
2,194,234
554
-
-
30
-
-
168
42
1,886
-
134
1,867
4,372,417
-
76,369
116,283
1,097,452
1,515,169
1,935,770
1,206,436
4,561,882
4,070,688
1,305,988
684,775
174,103
592,752
29,510
357,319
-
550,006
-
546,081
-
1,947,211
168,589
178,979
660,612
2,707
1,208
3,473
18,057
23,392
24,310
7,894
1,353
-
824
39,370
462,544
1,293,426
981,438
-
2,553
-
277,826
-
694,332
96,267
303,322
1,553
2,248
24,608
12,577
21,200
18,525
35,577
12,027
-
520,257
79,800
228,235
28,750
2,492
8,212
52,930
48,534
34,564
171,603
1,221,284
274,921
-
-
188,205
74,447
-
100
-
-
-
4,235
2,474
217
2,404
4,023
8,692
462
9,469,798
15,243,011
3,066,429
1,637,580
-603,620
-51,425
5,120
-17,750
8,694,612
10,884,888
43,687
795,763
1,529,298
534,146
387
7,729,441
-1,698,020
832,663
-
113,711
-
-211,960
118,609
-389,215
-482,801
11,748,379
17,167,732
27,479,057
2,955,635
32,135
13,205
-
4,035
8,894
223,740
456,131
6,145,843
2,630
2,055,523
36,657,460
-73,247
577,780
-15,650
-383,040
-
-209,403
-122,010
2,999,634
972,332
4,452,343
54,809
4,453,234
-
101,900
4,518,012
17,000
4,677,240
-
1,231,463
-338,696
8,304,547
17,649,451
25,064,414
64,813,481
7,190,595
7,913,034
5,352,900
9,678,486
39,359,869
89,884,920
88,047,509
606,397,735
70,493,080
41,014,298
43,691,857
63,052,812
-1,483,691
-72,656,021
-2,988,546
-48,561,016
1,656,512
3,903,077
519,146
-8,178,999
-11,556,738
-208,978,643
-209,640,050
-
-32,786
-102,895,509
-
-
-
-104,045,719
450,014,428
23,469,654
229,044,193
186,188,207
783,748,199
690,827,794
217,756,479
202,568,897
242,173,016
-
679,702,480
-
1,140,842,222
-61,824
-57,775,473
55,984,809
-
-11,441
-
40,708
-54,181,235
-26,475,296
-
-
-195,152
115,590
-9,152
100,447
116,789
3,998,015
29,570
62,040
232,118
354,817
-17,665
-
489,775
-55,601
5,242,482
-346,192
901,367
4,657
4,756,893
2,542,261
323,870
6,624
24
-547,491
-2,004,947
88,421
-
4
1,863,397
-582,404
2,794
3,629
-
-506,805
1,533,650
-
1,427,390
127,276
-24,380
20,866
391
1,471,213
465,166
-38,229
290,218
2,057
2,194,793
-
2,994,297
65,504
1,297
62,162
2,102,451
3,308,477
4,690
51,733
100
577,040
188,169
21,362
449,855
-
810,240
113,532
76,661
15,584
2,303,970
83,147
21,618
1,087
1,169
-
2,100,124
31/12/2012
EUR
241,226,133
-8,859,582
119,161,720
110,302,138
-53,912,576
247,516,745
193,604,169
40,603
-17,913
526,213
-179,108
-69,717,939
2,834,251
-
153,141,622
155,975,873
The accompanying notes form an integral part of these financial statements
273
Statement of Operations and Changes in Net Assets
Note
31/12/2013
EUR
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
Bond Euro High Yield
7
Net realised profit/(loss) on securities sold
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
-
-
-
24,619,237
15,652,062
24,215,388
15,525,200
-
774
-
54
2,559
6,052,844
5,838,990
-
21
-
-
-
403,075
124,090
213,833
4,400,665
2,453,600
921,847
-
48,089
-
86
-
-
2,877,621
930,138
88,125
11,414
23,284
159
1,571,099
527,677
52,581
11,301
29,192
2,054
62
-
-
-
-
255,622
196
146,389
-
633,737
1,094
131,094
1,546
-
21,439
274,059
138,213
-
-
-
-
-
-
-
-
-
-
-
20,218,572
13,198,462
5,130,997
-
-
-
-
-
-329,600
-
3,127,095
Net realised profit/(loss) on options
Bond Euro High Yield Short Term
114,749
-169,625
-
Net realised profit/(loss) on forward foreign exchange contracts
-3,223,224
1,100,747
Net realised profit/(loss) on swaps
-1,064,320
1,108,315
-829,709
20,567,157
15,444,068
3,686,665
-
-
-
Net realised profit/(loss) on financial futures
-420,530
Net realised profit/(loss) on foreign exchange
1,929,564
Net realised profit/(loss)
32,977,963
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Net change in unrealised appreciation/(depreciation) on options
-
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
-282,085
34,251,838
-
-244,198
128,800
2,783,015
-377,330
55,001,587
48,766,759
7,458,922
-
342,136,166
354,372,848
273,870,849
-
-9,491,194
-173,886,004
-11,351,195
-112,086,408
150,150
933,555
-4,990
-25,923,831
213,760,555
279,702,004
255,400,950
Net assets at the beginning of the period (01/07/13)
676,891,688
323,573,266
119,033,563
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
274
-
214,550
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
-
-
-547,462
-4,355
-94,463
-
-906,770
2,148,687
10
203,880
-
890,652,243
-
603,275,270
-
-
-
-
-
-
-
374,434,513
-
-
Bond Global Corporate
Bond US Opportunistic Core Plus
Bond Europe
Bond Global Aggregate
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
31/12/2013
EUR
31/12/2012
EUR
-
-
951
11,788
-
-
8,145,372
4,518,011
4,794,628
4,247,465
2,702,007
31/12/2013
USD
2,871,329
56,601,247
10,590,313
8,742,487
-
7,793,398
4,048,708
4,782,546
4,196,199
2,694,334
2,868,174
54,788,375
-
267
-
-
14
800
25,191
11,149
4,297
340,825
464,739
2,584,151
1,716,547
1,006,194
479,623
-
516,035
-
468,423
5,180
-
6,029
2,212,421
3,500,126
257,052
1,511,531
50,927
63,646
5,951
1,226,266
227,159
483,381
687
707
326
253,185
637,471
232,942
-
-
34,511
1,574
-
16,575
30,170
7,763
-
1,228,252
-
33,842
-
10,978,818
1,686,831
1,129
104,528
948
-
-
-
1,413
-15,825
1,057,226
-
34,829
-
-
2,673
29,760
8,149
1,017,430
55,372
93,815
146,309
317,985
2,851
1,512,419
20,802,347
2,336,932
-
-476,405
386,461
-56,319,986
-4,910,690
-
-42,535
-1,012,226
-8,325,214
-3,705
14,381,610
6,551,033
-
-2,580,233
-
-
758,919
144,376
40,800
-45,872
1,930,063
1,084,408
180,149
2,267,582
1,737,109
20,699,632
43,413
-
6,253,219
27,680,491
-5,489,716
-
36,610,823
-2,099,953
4,302,013
49,249,666
5,710,202
-589,332
5,648,980
91,603
577,905
311,844
75,856
-89,678
-40,561
167,183
689,762
1,550,780
-
7,227
505,740
747,339
3,986,121
11,646,089
25,713
21,829
25,074
-785,823
-
21,826
-
-
3,038,979
-788,507
1,643,062
549,833
4,802,571
1,223,819
3,079,520
10,003,695
1,194,290
-
-997,004
6,273,583
419,190
61,216
-
1,139,389
635,277
378,067
20,450
-1,625,795
-39,367
492,468
-
-
39,264
59,813
-1,832,537
8,253,381
232,617
-
35,837
9,651,855
28,663
35,798,900
-
1,422,343
9,865,530
-4,124,724
1,358,910
-
7,723
-5,682,315
12,264,974
1,151,227
5,987
-4,483,626
19,382,611
1,840,083
176,588
-
1,431,488
1,541,711
158,010
-14,630
1,325,463
-
-
4,075,918
-206,187
-830,859
7,743
167,410
2,582,207
-1,614,885
13,353
145,127
2,801,464
6,959,626
39,461
2,355
-
479,432
5,561,221
4,160,772
1,630
-
366,668
20,685
17
31/12/2012
USD
-
8,101,573
142,790,498
4,382,815
-31,673,258
11,293,078
-53,653,464
3,417,671
6,202,739
37,007,567
1,895,079
-9,692,297
-37,942
-267,962
20,231,506
13,867,361
12,738,144
18,352,410
3,807,820
10,264,762
122,389,335
34,614,647
62,664,127
221,637,148
41,084,399
221,049,924
10,251,122
66,464,529
1,497,136,034
552,155,642
1,899,754
174,808,300
-135,395,296
176,067,618
-4,097,834
19,496,640
1,150,057,958
460,974,987
334,491,789
79,091,119
384,957,375
224,850,183
99,175,488
110,539,972
1,936,068,575
226,491,822
-11,260
-80,984,619
-
336,391,543
-9,120
-60,687,089
-
253,899,419
-284,366
-188,933,473
-
249,562,079
-1,488
-63,333,228
-
400,917,801
-645,809
-17,510,967
-
95,077,654
-886,139
-56,346,512
-
130,036,612
-10,783,301
-458,684,110
-
3,086,126,533
-1,307,141
-124,488,161
-
687,466,809
The accompanying notes form an integral part of these financial statements
275
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
7
Net realised profit/(loss) on securities sold
Bond Global
31/12/2013
USD
31/12/2012
USD
31/12/2013
EUR
-
-
-
9,149,673
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on financial futures
Net realised profit/(loss) on foreign exchange
2,885,468
16,793
5,869
149
5,557
19,435
50,594
11,660
-
-
1,431
1,951,608
2,451,972
54,167
542,242
50,274
36,960
93,881
676,239
547,784
431,205
21,430
463
55,248
76,077
-
1,533,386
577
-
1,188,026
10,898
2,432,887
1,072,101
1,587,649
53,686
4,593,479
1,060,679
31/12/2012
EUR
-
4,237,976
45,480
19,939
-
682,645
278
302,545
41,411
964
9,564
128,105
163,271
95,984
26,273
95,926
-
1,064,700
121,917
1,764
-
9,160
6,152
183,769
197,680
4,911,697
4,889,952
534,780
806,530
85,372
208
44,502
465,059
143
2,286
-
399,623
1,386,606
1,408,944
1,180,787
-10,404,248
-6,346,447
10,369,570
1,652,284
126,011
-
739,732
2,587,374
Net realised profit/(loss)
2,897,946
9,465,902
5,020,001
Net realised profit/(loss) on swaps
9,483,431
9,057,294
6,844,227
Net realised profit/(loss) on options
Bond Global Inflation
9,619,842
521,647
4,994,573
6,252,861
462,195
-4,812,961
8,661,364
-84,945
71,072
116,500
3,316,201
12,015,229
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
-1,983,516
-6,659,263
-947,422
-613,031
17,951,562
36,554,391
-1,479,939
5,197,403
62,689,262
258,003,839
368,939,847
49,161,405
Increase/(decrease) in net assets
-21,022,181
195,420,081
104,279,132
21,123,865
Net assets at the beginning of the period (01/07/13)
384,913,715
240,470,608
194,311,967
176,414,557
-636,645
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
Reevaluation of consolidated Net Assets
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
276
-115,926
10
-1,763,881
-99,899,124
-
363,891,534
-220,343
-
-1,497,049
-97,641,100
-
435,890,689
-11,247,421
-19,120
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Net change in unrealised appreciation/(depreciation) on options
37,794,167
28,825
12,095
1,323,708
253,178
-482,863
-14,239
-263,166,537
-
298,591,099
-167,481
-
1,552,326
-22,440
518,797
-268,975
-32,965,968
-
197,538,422
Bond Enhanced RMB
Bond Asian Local Debt
Bond Emerging Inflation
Bond Global Emerging
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
31/12/2013
USD
31/12/2012
USD
-
-
4,100
-
-
-
139,623
139,415
-
547,824
-
536,550
-
-
-
-
208
-
-
-
-
1,007,922
31/12/2013
USD
1,569,785
14,771,027
80,132
1,569,785
14,614,497
4,752,062
-
-
-
-
-
-
3
-
-
-
7,171
-
-
-
-
-
-
-
4,280
-
72,118
343,562
-
291,189
340,535
2,621,656
162
-
79,711
-
12
-
-
14,664
2,596
7
1,436
-
782
27,241
-
-
2,102
-
151,516
-
14,822
-
-
-
-
-
-
-
-
68,102
-
-
-
-
-
3,013
960
54,252
21,652
-
11,241
-
-
-
68
-
-
-
-
-
-7,224
-
-
147,709
159,029
-
-
-
-
158,329
7,626
-
201,992
569,231
-2,897,223
-
-
-1,828,536
-
13,830,851
-
67,990,557
-
10,941,507
-
66,162,021
-
-
-
-
-
-
10,941,507
-
-
-
-
66,162,021
54
-
-
-
-
-
-
33,901
87,673
23,728
261,854
-
-
199
7,802
-
716,733
1,229,250
12,149,371
2,742,449
-
-5,455
-2,454,695
-3,948,606
-651,677
-103,427
-4,145,778
2,868,123
-
-
-141,946
-2,675
-
-
7,204,554
-
179
-1,624,160
322,109
-3,211,420
-
-
-
392,033
-
-
-115,494
-
-
-
-
-178,335
-
-33
18,176
27,264
-
107,423
-
19,285
-
37,189
-
4,081
-
-
54,010
117,198
-509,871
-
4,665
15,311
9,882
-
15,371
-
3,799
-
-
-
-
267,909
306,206
-
-
1,027,970
622,002
204,262
53,829
1,732,091
-
2,014,967
80,812
-
-2,978
192,184
-
65,364
-
193,618
5,354
-
80,905
20,199
-
1,007,922
-
4,757,416
-
58,718
39,071
31/12/2012
USD
65,716
-
145,476
963,680
-
-19,151,103
11,578,913
-
-2,674,969
-4,595,620
-1,830,858
2,176,341
579,726
-
4,314,606
12,800,550
1,754,947
-134,017
-2,477,126
-1,194,767
-
486,488
63,797
-1,412,968
8,034,217
-11,092,085
17,739,133
5,278,500
41,585,267
118,699,007
143,121,913
-9,246,443
24,267,093
35,695,208
128,936,764
64,018,071
75,587,934
387,837,224
130,512,783
-
-
-519
-13,111,456
-
54,771,628
-
-320
-25,352,071
-
99,855,027
-
-1,719,075
-70,192,639
-
423,532,432
-
-425,445
-31,498,837
-
259,449,547
The accompanying notes form an integral part of these financial statements
277
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
7
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on financial futures
Net realised profit/(loss) on foreign exchange
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
278
461,734
1,517,404
259,307
93,400
2,760,378
937,201
165,906
-
-
-
-
6
-
8,411
40
-
-
3
-
118,466
1
-
531,912
1,129,006
677,471
170,403
31
585,859
103
12,823
267,278
301,302
314,425
200,890
100,172
177,960
1,756
1
243
11,794
12,274
6,508
-
1,363
5,925
4
-
-
-
-
-
3,349
56,068
-
40,587
172,878
122,962
401
4,709
57,572
10,839
37,488
-
4,401,074
1,631,412
-
-
-
-
1,228
839,933
1,817,087
-1,453,405
2,001,471
-143,016
675,884
-
-
-
-
-
88,904
73,684
-
217,722
-62,058
-227,550
142,259
83,581
-1,524
-5,165
3,327,006
5,740,679
-
-
-166,662
4,602,469
-
-
517,404
4,303,630
-
-102,361
-61,463
-105,781
-86,491
345,430
59,456
9,850
49,962
7,790,638
9,065,678
4,339,876
4,784,505
9,753,630
89,845,946
9,625,210
149,088,287
-983,154
86,881,828
-
10
2,760,418
31/12/2012
USD
4,924,569
-
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Redemptions
-
3,195,212
Net change in unrealised appreciation/(depreciation) on options
Increase/(decrease) in net assets
-
4,932,986
4,352,357
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Dividend paid
31/12/2013
USD
-25,687
Net realised profit/(loss)
Subscriptions
31/12/2012
USD
54,547
Net realised profit/(loss) on swaps
Multi Asset Emerging Markets
31/12/2013
USD
-2,079,048
Net realised profit/(loss) on options
Result of operations
Bond Global Emerging Corporate
-24,752
-17,803,747
-
-
-17,782,277
-284,231
81,129,347
189,311,376
58,979,326
-
189,027,145
-
140,108,673
-
-
-14,948,240
-
84,351,808
83,368,654
-
-
-66,990,964
-
86,881,828
Index Equity Emerging Markets
Index Equity Euro
Index Equity Europe
Index Equity North America
31/12/2013
USD
31/12/2012
USD
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
76,458
-
727,007
777,323
3,540,572
3,859,751
5,826,535
5,157,972
76,458
-
-
862,937
-
1,024,282
-
3,814,239
-
4,737,407
-
5,959,698
-
-
-
10,158
18
18,201
493
50,041
-
-
-
-
-
-
-
-
-
-
125,772
-
246,941
-
255,466
-
877,163
-
83,122
146,832
-
184,328
232,305
899,459
542,111
892,601
-
-
-
-
-
-
-
6,031
6,031
3,463
-
131,307
-
-
59,270
71,283
46,185
133,214
122,283
278,333
-
-
-
-
-
-
-
-
7,929
48,975
9,787
114,477
3,053
3,729
4,380
-
-
-
-
-
-
-70,374
-
-
-
-
-103,380
-
175,220
-19,149
1,479,940
-
-
5,804
-
-
-
93
94,817
-
678,609
791,977
2,914,780
-
-
-
-
8,543,172
-
-
23,523
405,565
-
-
27,586
70,772
31,132
-20,615
391,954
40,059
22,291
-
231,322
-
-
-
234,548
459,032
-
50,762
59,657
46,126
110,875
-
-
-
5,302,169
-
-
85,833
450,245
329,029
218,490
466,463
-
219
-
55,590
40,299
-336,675
-
-
-
-
9,307,833
15,812,802
-
-
1,701,254
21,552,726
-
-
6,519,142
55,735,103
-
-
18,905,394
35,105,815
-
598,440
285,734
-
199,985
36,710
-
45,028
16,547
-
100
-
-
-
108,554
-
-
-
-
14,436
5,067,097
14,451,309
-
959
920
4,195,296
3,219,743
5,267,485
-
10,499,054
58,639,805
-
-
4,669,045
8,822,083
-
-166,097
216,991
-
189,312
13,731,334
-3,955,524
-
-
-
-
-
-
-
136,691
-
40,220
-55,410
238,118
-142,526
31,901
-309,378
1,606,170
-
25,160,855
23,198,570
62,492,363
53,868,683
69,170,760
9,603,123
136,907,473
-
24,457,095
47,685,715
209,730,606
62,057,497
257,610,948
109,361,518
-2,568,981
212,873,906
-19,118,082
225,720,097
31,216,917
162,503,156
353,461,247
464,996,715
626,442,324
519,386,713
145,379
-
-
-
-
-
-
-
-95,003
-64,426,240
138,513,643
-
-14,903,293
-
-
132,429,516
-
138,513,643
-
-
-
117,526,223
-
-94,018
-73,359,248
-
159,934,175
-
-6,514,594
-52,834,469
-
566,335,153
-
-8,587,423
-126,456,839
-
445,878,633
-
-3,310,617
-97,750,994
-
852,162,421
-
-2,673,669
-85,074,055
-
550,603,630
The accompanying notes form an integral part of these financial statements
279
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
7
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on foreign exchange
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
280
-
65,046
-
-
-
-
-
-
-
-
409
-
31/12/2012
USD
-
1,120
-
-
-
-
176,810
180,401
103,878
-
-
-
-
-
58,650
61,686
7,371
54,110
57,228
5,218
5,219
6,104
3,215
38,466
56,260
88,416
10,637
6,699
1,810
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,301,012
1,536,757
-38,832
-
-
-
-
-
1,181,433
-
46,228
-
-25,901
22
-
-1,613
-
-
-
-
-48,686
-
-8,263
-
2,739,272
2,738,517
2,328,789
4,824,458
-
-
-
14,757
-38,197
23,309
3,620,222
5,029,109
4,799,081
-
18,173,386
30,601,045
123,788,745
-
4,126,372
128,587,826
105,337,920
-
-
10
1,717,158
339
-
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Net assets at the beginning of the period (01/07/13)
-
866,193
Net change in unrealised appreciation/(depreciation) on options
Reevaluation of consolidated Net Assets
64,637
-91,685
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Redemptions
1,716,038
-
Net realised profit/(loss)
Increase/(decrease) in net assets
1,477,483
1,477,822
85,935
Net realised profit/(loss) on swaps
Subscriptions
31/12/2013
USD
-
Net realised profit/(loss) on financial futures
Dividend paid
31/12/2012
EUR
1,444,010
Net realised profit/(loss) on options
Index Equity World
31/12/2013
EUR
-
Net realised profit/(loss) on securities sold
Result of operations
Index Equity Pacific
-1,038,423
-19,320,078
1,435,107
-
111,942,322
113,377,429
-
-908,188
-30,595,594
-
109,464,292
-
-
-
-
-
-
-
-
-
-
-
128,587,826
-
-
Index Global Bond (EUR) Hedged
Absolute Forex
Absolute Bonds & Currencies
Absolute Global Macro 2
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
-
-
-
-
-
-
-
6,683,456
9,189,286
6,682,179
9,188,020
-
-
1,277
-
-
12,943
21,476
7,693
14,331
88
-
-
-
1,266
4,656
-
-
1,857
-
88
594
5,288
-
-
-
-
-
233,608
-
160,157
-
-
-
-
-
2,614
751,794
3,932
-
266,979
-
-
512,798
362,420
1,471
-
37,474
7,786
250
46,233
153
113
-
200,582
283,614
110,708
-
-
1,465
23,363
28,425
33,653
14,550
10,644
25,858
187,663
76,781
1,899
1,646
412
-
-
27,180
25,900
-
59
-
-
-
3,245
-
-
-
-
-
-
-
-
-
6,152,418
8,496,364
-
-
-12,609,374
22,465,928
97,326
-
-8,290,716
7,815,582
-10,386,994
-
39,494,392
-31,928,878
-
2,068,014
-8,050
29,490
2,345,172
92,401,040
-1,510
-160,886,652
9
-
11,773
-
102,370
-
2,776
-
-33,371
156,539
-482,594
-465,430
-
-
-157,907
-463,540
58,378
-171,090
392,201
-189,734
-
-169,225
209,793
-
-304,800
84,570
123,897
-
401,942
-49,242
3,930,892
-
-
5,687
-3,844
47,205,092
-25,841,489
-
8,430
201
-730,318
-1,222,726
20,001
-
-
391
-947,476
9,614,424
4,924,634
-
-
25,502
85,020
-
65,654
-
66,566
168,294
12,520
38,314
604
113,500
-
13,379
68,372
523
-
-
-
73,916
261
-
-
2,089
440,052
70,837
960,419
260,028
-
583,951
10,551
692,922
292,210
596,591
-
531,038
204,491
31/12/2012
EUR
-
-
236,459
1,514,555
-377,115
-519,983
-234,945
2,852,485
-
-
-75,803
26,500
-16,109
-9,405
-
1,329,880
-35,705
185,100
-
13,251
815
-
-
-
-
-
-
-
-425,153
-
-26,205
192,069
377,417
-
-98,339
110,344
2,301,894
760,882
-4,624
-
-120,974
-1,984
9,663,018
2,919,351
2,119,613
7,458
-
-13,718
296,890
68,148,676
59,002,063
45,282,974
10,002,000
-
203,680,320
4,433,477
-
-188
-191,967,301
-
-
-99,933,525
430
-
-60,659,649
-
-
-
-
139,647
-
-
-
-
-5,085
-15,119,840
437
-9,015
-18,711,251
-66,141,950
-114,155,795
-38,012,111
-13,257,062
10,009,458
-
188,541,677
-13,989,899
379,614,886
618,139,867
187,774,048
124,356,714
-
-
44,962,124
67,640,052
-
313,472,936
-
503,984,072
-
149,761,937
-
111,099,652
-
10,009,458
-
-
-
233,503,801
-
53,650,153
The accompanying notes form an integral part of these financial statements
281
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
7
Net realised profit/(loss) on securities sold
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on swaps
Net realised profit/(loss)
Net change in unrealised appreciation/(depreciation) on financial futures
Net change in unrealised appreciation/(depreciation) on swaps
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
282
97,358
15,742
148,599
930,386
-
-
2,503
18,552
-
3,348
1,324
-
11,088
1,002
420,486
620,132
143,263
58,145
55
-
192
240,137
4,927
383,162
-
67,446
2
2
-
44,594
184,299
-
60,107
2,949
31
110,960
15
100
2,147
-
-
-
12,802
-
369,137
44,507
21,572
-
828
-
63,589
-
354
304
-
22,268
14,843
43,391
826
109,600
9,379
193,120
484
67,875
490
14,002
4,429
480
3,205
8,629
-
15
-141,765
426,975
-124,711
-601,912
-335,024
-742,359
1,091,615
-1,951,447
143,952
-1,391,526
819,482
-649,453
-3,293
20,973
852,060
-1,988,255
-
-196,510
2,010
-
-3,645,144
-920,911
-657,140
-143,608
606,065
-14,308
339,591
5,925
332,785
-
-868,269
105,333
-
1,595,380
266,242
556,107
-1,993,525
-1,544,333
-840,142
-609,279
10,123,035
4,319,122
2,727,790
79,390
-6,292
-24,328,716
399
-25,504
-28,195,343
-16,714
-176,017
468,486
-
10
1,047,107
273,143
-1,246,346
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Redemptions
2,883
278,721
-653,771
Net change in unrealised appreciation/(depreciation) on options
Increase/(decrease) in net assets
31/12/2012
EUR
-828,136
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
Subscriptions
31/12/2013
EUR
-
Net realised profit/(loss) on foreign exchange
Dividend paid
31/12/2012
EUR
-2,477,591
Net realised profit/(loss) on financial futures
Absolute Statistical Arbitrage
31/12/2013
EUR
482,035
Net realised profit/(loss) on options
Result of operations
Absolute Global Macro 4
20,970
234,429
-
-45,939,285
-73,149
501,733
-274,927
-
-8,401,923
-16,205,498
-25,446,058
-44,051,637
-8,931,812
82,702,694
124,542,927
54,377,378
61,912,771
-
66,497,196
-
99,096,869
-
10,325,741
-
52,980,959
Absolute Equity Market Neutral
Absolute High Yield
Absolute Volatility Arbitrage
Absolute Volatility Arbitrage Plus
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
-
-
-
5,925
78,910
123,993
100,936
1,310
-
162
-
1,148
-
1,196,113
2,163,267
-
947,962
1,843,843
-
8,499
-
280
172,929
609,083
48,941
428,597
7,685
24,351
-
5,249
132
14,777
464,650
139,347
20,255
276,438
4,468
7,635
568
47,244
30,868
47,462
1,932
305,682
185,363
-
725,972
1,213,821
955,021
1,583,889
1,180,584
1,572,779
-
-
136,614
421,151
14,193
38,868
87,825
267,734
-
11,285
3,991
6,216
-
4,520
87,008
31,638
1,482
-
61,025
-
586
1,153
-
-
-
-
17,123
149,899
-24,164
-2,015,406
1,821
7,340
4,284
-39,230
9,523
215,691
45,000
385
277
554
1,053
41
-
-
203
-
470,141
421,872
1
3,842
-
-
-
1,661
6,475
31,211
114,218
31,606
3,674
-
-
24,850
119,051
5,451
-
-
-
-974,806
-1,017,112
-1,108,129
1,055,112
2,806,102
-418,335
-3,914,325
-434,342
-426,730
2,872,097
-828,241
-
949,446
-782,092
-
-1,393,031
2,633,986
-2,070
5,044,869
-3,332,400
-1,045
-332,088
-586,264
279,838
476,288
2,832,015
1,646,577
-888,821
-
-3,357,908
1,860,998
692,585
-458,711
-54,298
2,343,357
-795,635
-700,218
-3,218,471
-945,626
945,297
1,032,536
2,395,252
1,571,122
17,752,978
26,197,154
23,333,335
-
-27,471
31,115
133,505
805,791
-57,735
-10,980
765,062
135,131
815,937
-195,689
635,068
-
67,407
585
2,791,112
-
-131,530
2,703
1,691,823
-
68,236
393,984
156,523
-
-
704,315
54,597
31,741
-
707,226
58,854
-60,248
-
-
2,485
594,224
411,158
-393,110
-
-51,205
-
-
24,491
-
-178,827
-
-
15,928
9,360
273,625
-351,724
305,176
119,864
19,371
224,372
-
590,009
126,065
-
-
315,951
92,447
10,012
-184,053
-656,432
351,474
8,012
-
-966,055
248,134
-
-
-
2,471
-
-
835
239,372
-
2,849
3,778
-
-
701
163,472
31/12/2012
EUR
1,361,638
72,881
3,410,954
-156,319
2,175,375
614,520
-
146,813
854,819
-
-2,031,668
-
810,971
1,978,426
69,700,021
-
37,465,336
12,681,507
183,222,942
-7,230,394
124,434,214
-60,375,258
-176,463,801
14,582,409
101,256,716
88,879,009
211,667,207
256,809,160
113,059,264
-
-57,215,507
-
-
-56,635
-55,803,054
10,452,846
-
-17,583,382
-
-
75,732,117
-
10,452,846
-
-
-
58,148,735
-29,686
-21,860,641
-
94,026,322
-
-59,734,025
-
213,313,223
-
-79,160,772
-
151,291,949
-
-205,056,207
-
80,345,359
-153,355
-10,168,693
-
127,641,673
The accompanying notes form an integral part of these financial statements
283
Statement of Operations and Changes in Net Assets
Note
English
Income
Net dividends
2
Bank interest
2
Bond interest
Income on Reverse Repos
Interest on interest rate swaps
2
Other income
6
Management fees
4
Administration fees
4
Expenses
Performance fees
“Taxe d’abonnement”
Distributor fees
Broker and transaction fees
Reception and transmission of orders fees
Bank interest and similar charges
5
8
Interest paid on swaps
Expenses on Repos
Other expenses
Net realised profit/(loss) from investments
7
Net realised profit/(loss) on securities sold
Absolute Volatility Euro Equities
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
USD
-
-
-
967,166
Net realised profit/(loss) on forward foreign exchange contracts
Net realised profit/(loss) on swaps
-
1,311,580
307,115
336,367
196,308
287,803
-
2,231,427
-
192
16,688
35,972
93,144
5,730
16,665
12,199,989
16,693,324
11,394,125
-
96,084
-
8,391,747
11,361,690
7,236,732
1,716,407
2,931,548
1,309,641
13,924
22,508
27,230
198,956
377,784
144,339
1,660,837
1,503,586
1,670,564
3,610
49,120
6,797
199,435
256,117
419,166
15,073
94,887
15,040
-
-
564,616
-
-
-
1,842
79,181
25
14,690,420
9,205,716
6,408
2,191,013
287,304
35,895
2,456,323
401,431
23,789
82,541
-
-11,232,823
-12,696,776
-10,784,051
-13,009,989
82,172,538
87,108,127
93,597,615
-144,187,316
-103,855,781
5,493,467
-80,593,964
63,732,591
-7,440
-10,573,353
-5,521,649
5,441
Net realised profit/(loss)
1,680,431
391,371
-
Net realised profit/(loss) on foreign exchange
610,074
1,299,638
-375,671
Net realised profit/(loss) on financial futures
3,996,548
31/12/2012
USD
643,171
318,039
Net realised profit/(loss) on options
Absolute Volatility World Equities
963,604
-4,879,942
-
25,951,072
2,793,301
-
19,395,823
2,438,102
-
-32,968,257
75,981,040
20,390,620
-77,152,438
Net change in unrealised appreciation/(depreciation) on options
-69,552,832
-185,173,365
-87,375,598
22,401,111
Net change in unrealised appreciation/(depreciation) on financial futures
-32,737,596
-10,347,919
-42,455,024
-50,166,528
-133,637,628
-116,227,297
-75,203,668
-64,236,173
208,122,079
1,174,646,787
2,112,714,934
859,806,581
-79,720
Net change in unrealised appreciation/(depreciation) on investments and on debts
derived from reverse repurchase agreements
1,703,753
Net change in unrealised appreciation/(depreciation) on forward foreign exchange
contracts
Net change in unrealised appreciation/(depreciation) on swaps
Result of operations
Dividend paid
Subscriptions
Redemptions
Increase/(decrease) in net assets
Reevaluation of consolidated Net Assets
Net assets at the beginning of the period (01/07/13)
Net assets at the end of the period
The accompanying notes form an integral part of these financial statements
284
-2,976
10
-
-1,062,719,849
-988,235,398
-
2,240,643,593
1,252,408,195
-163,130
3,472,515
3,562
-
-1,024,052,550
34,366,940
-
2,587,252,893
2,621,619,833
15,730,785
18,508,473
-2,924
-
-2,828,404,729
41,003,047
-325,627
4,262
-337
-948,357,163
-790,893,463
-152,787,092
2,076,467,557
2,738,903,821
-
1,285,574,094
-
2,586,116,729
Absolute Global Dividend
Cash EUR
Cash USD
Combined
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
EUR
31/12/2012
EUR
31/12/2013
USD
31/12/2012
USD
-
-
-
1,883
-
-
27,991
-
83
27,908
-
-
1,885,990
3,514,245
418,182
-
1,582,881
3,119,895
384,272
-
25,362
-
13,781
82,847
-
-
120,290
22,802
31/12/2013
EUR
107,304
205,212,329
164,071,139
51,767
146,487,353
92,773,743
8,930
585,556
583,852
14,833
28,677
5,296
17,930
51,790,692
355,251
-
157,457
286,818
695,229
-
1,662,131
2,525,356
356,514
410,942
138,589,338
372,595
-
-
-
-
-
13,148,450
-
234,554
37,184
5,615
7
43,578
-
1,639
-
-
57
-
-
-
707,615
190,996
187,942
22,620,863
-
42,353
86,960
3,056
2,790
1,616,813
-
176,060
106,430
-
166,412
-
-
-
-
-
-
47,844
4,359
-
-
-
-
-1,098,790
6,606
-
-
3,257,820
-
-
-
-
-
-
-
-
-
-
27,639
5,972
-
24,857
66,588,655
562,684
223,859
-
128,478
3,609,354
2,384,123
511,516
-
-456,753
130,123
-
-
-667,238
344
1,349,770
2,487
5,754
701
46
988,866
-
-
679,386
14,956,738
-
-
-
593,285
276,919
-
61,668
-
-303,638
101,783,564
-24,745,700
-
-163,991,278
46,297,426
-12,147,218
-22,151,833
-
13,223
105,757
-
-
-1
-205,224
-1,204,035
-41,561
88,808
-51,759
-
267
379,658
-
-6,867
-
-
209,023
-
2,168,716
-
753,342
42,202,439
509,991
-
355,384
3,918,438
66,622,991
1,374,939
-
-11,865
2,140,135
2,964,038
-
-
229,145
4,244,767
9,997,682
21,476,703
12,084,945
2,363,827
-283,785
3,174
64,496,296
18,080
-
-1
14,929,792
121,868,700
8,360
-
-76
7,375
4,382,441
4,943,986
388,685
-
-
2,177,239
217,932
45,820
988,889
-
17,283
61,169,185
-
-
765,084
18,179
31/12/2012
EUR
161,618,593
82,415,663
23,295,334
74,189,206
59,780,811
59,743
766,800
259,597,649
175,632,092
-
-134,942,758
-161,513,192
-49,254,244
-52,061,628
15,496
-
-1,379
691,315,498
-2,355,208
-33,001,641
886,190,277
-11,297,912
2,883,262
2,165,636
-
693,216
2,322,533
461,599
729,158
731,359,296
839,832,899
64,280,007
-
880,043,223
508,312,266
263,498,088
115,346,114
8,728,524,369
6,622,531,143
-
-15,274,992
-
-
51,170,651
-
32,442,195
-
-
83,612,846
-
-
-226
-57,797
-1,167,543,985
-706,804,465
-286,807,772
-196,227,463
1,155,372,168
1,157,990,573
-
868,564,396
-
961,763,110
-
-203,826,809
60,132,878
-
329,763,002
389,895,880
-
-160,895,069
-44,819,797
-
382,486,834
337,667,037
-42,051,047
-8,981,509,699
436,322,919
-513,215,398
-46,000,473
-5,651,335,124
1,765,028,445
-303,976,848
18,518,526,648 16,842,477,469
18,441,634,169 18,303,529,066
The accompanying notes form an integral part of these financial statements
285
Notes to the Financial Statements as at 31/12/13
1
INTRODUCTION
Amundi Funds (the “Fund”) is organised as a “Société d’Investissement à Capital Variable” (“SICAV”) under the laws of the Grand Duchy of Luxembourg. The Fund,
initially Groupe Indosuez Funds FCP, an unincorporated mutual investment fund (“Fonds Commun de Placement”) created on 18 July 1985, was transformed, in
accordance with Article 110 (2) of the law of 30 March 1988 on Undertakings for Collective Investment, and renamed GIF SICAV II on 15 March 1999. The deed of
transformation and the Articles of Incorporation (the “Articles”) were published in the Mémorial, Recueil des Sociétés et Associations on 28 April 1999. The name of the
Fund was then changed to GIF SICAV on 1st December 1999, to Crédit Agricole Funds on 8 December 2000 and to CAAM Funds on 1st July 2007. As at 2 March 2010,
in accordance with the decision taken by the shareholders in the framework of the Extraordinary General Meeting held on 23 November 2009 and with the decision of
the Board of Directors taken on 23 December 2009, CAAM Funds was renamed Amundi Funds.
The amendments to the Articles have been published in the Mémorial, Recueil des Sociétés et Associations respectively on 14 January 2000, on 17 January 2001, and
on 13 June 2007 for the first three name changes and on 3 April 2010 for the last one. A latest amendment to the Articles has been made on 14 March 2012 and have
been published in the Mémorial, Recueil des Sociétés et Associations - C, number 943 and dated 12 April 2012. The Fund is subject to Part I of the amended law of
17 December 2010 on Undertakings for Collective Investment (the “2010 law”).
The following sub-funds have been launched:
- Amundi Funds Bond Enhanced RMB on 12 July 2013;
- Amundi Funds Absolute Equity Market Neutral on 26 July 2013;
- Amundi Funds Equity Emerging Minimum Variance on 27 August 2013;
- Amundi Funds Bond Asian Local Debt on 20 September 2013;
- Amundi Funds Equity Emerging Anti-Benchmark on 29 November 2013;
- Amundi Funds Index Equity Emerging Markets on 13 December 2013;
- Amundi Funds Index Equity World on 16 December 2013;
- Amundi Funds Absolute Bonds & Currencies on 16 December 2013.
Based on the exchange ratios, calculated from the respective net asset value dated 11 July 2013, of the shares of the said sub-fund, the following SIF has been merged
on 12 July 2013 into the Fund as follows:
- Amundi SIF RMB Enhanced Bond Fund in Amundi Funds Bond Enhanced RMB.
Based on the exchange ratios, calculated from the respective net asset value dated 25 July 2013, of the shares of the said sub-fund, the following SICAV has been
merged on 26 July 2013 into the Fund as follows:
- Structura Equity Style Arbitrage into Amundi Funds Absolute Equity Market Neutral.
Based on the exchange ratios, calculated from the respective net asset value dated 16 September 2013, of the shares of the said sub-fund, the following sub-fund has
been merged on 17 September 2013 into the Fund as follows:
- Amundi Funds Equity US Growth into Amundi Funds Equity US Concentrated Core.
Based on the exchange ratios, calculated from the respective net asset value dated 19 September 2013, of the shares of the said sub-fund, the following SICAV has
been merged on 20 September 2013 into the Fund as follows:
- Structura Asian Local Debt into Amundi Funds Bond Asian Local Debt.
Based on the exchange ratios, calculated from the respective net asset value dated 7 November 2013, of the shares of the said sub-fund, the following French FCP
has been merged on 8 November 2013 into the Fund as follows:
- Amundi Aggregate Monde into Amundi Funds Bond Global Aggregate.
Based on the exchange ratios, calculated from the respective net asset value dated 14 November 2013, of the shares of the said sub-fund, the following sub-fund has
been merged on 15 November 2013 into the Fund as follows:
- Amundi Funds Equity Global Alpha into Amundi Funds Equity Global Minimum Variance.
Based on the exchange ratios, calculated from the respective net asset value dated 14 November 2013, of the shares of the said sub-fund, the following sub-fund has
been merged on 15 November 2013 into the Fund as follows:
- Amundi Funds Equity Europe Restructuring into Amundi Funds Equity Europe Minimum Variance.
Based on the exchange ratios, calculated from the respective net asset value dated 28 November 2013, of the shares of the said sub-fund, the following SIF has been
merged on 29 November 2013 into the Fund as follows:
- Amundi SIF Equity Emerging Anti-Benchmark into Amundi Funds Equity Emerging Anti Benchmark.
As at 19 July 2013, the sub-fund Amundi Funds Bond Global Inflation became the Master of the FCP AMUNDI INFLATION MONDE (FCP de droit français), the Feeder.
As at 13 September 2013, the sub-fund Amundi Funds Equity Global Resources became the Master of the FCP AMUNDI ACTIONS MINERGIOR (FCP de droit français),
the Feeder.
As at 6 December 2013, Amundi Funds Absolute Volatility Arbitrage (Class OR) became the Master of the French FCP AMUNDI DYNARBITRAGE, the Feeder.
As at 13 December 2013, Amundi Funds Absolute Global Macro 2 (Class OR) became the Master of the French FCP AMUNDI GLOBAL MACRO 2, the Feeder.
In reference to the prospectus of November 2013, as at 31 December 2013, the Fund consisted of 74 sub-funds in activity, each investing in a specific market or group
of markets.
Amundi Funds Equity Euroland Value, Amundi Funds Equity Japan Target, Amundi Funds Equity US Concentrated Core, Amundi Funds Equity US Relative Value,
Amundi Funds Equity Global Select, Amundi Funds Equity Japan Value, Amundi Funds Equity Euro Select, Amundi Funds Equity Europe Select, Amundi Funds Equity
Euroland Small Cap, Amundi Funds Equity Global Gold Mines, Amundi Funds Equity Global Luxury and Lifestyle, Amundi Funds Equity Global Agriculture, Amundi Funds
Equity Global Resources, Amundi Funds Equity ASEAN, Amundi Funds Equity Asia ex Japan, Amundi Funds Equity Brazil, Amundi Funds Equity Emerging Europe,
Amundi Funds Equity Emerging Internal Demand, Amundi Funds Equity Emerging World, Amundi Funds Equity MENA, Amundi Funds Equity Greater China, Amundi
Funds Equity India, Amundi Funds Equity India Select, Amundi Funds Equity India Infrastructure, Amundi Funds Equity Korea, Amundi Funds Equity Latin America,
Amundi Funds Equity Thailand, Amundi Funds Equity Global Aqua, Amundi Funds Equity Emerging Anti-Benchmark, Amundi Funds Equity Emerging Minimum Variance,
Amundi Funds Equity Europe Minimum Variance, Amundi Funds Equity Global Minimum Variance, Amundi Funds Equity World Anti-Benchmark, Amundi Funds
Convertible Europe, Amundi Funds Convertible Global, Amundi Funds Bond Euro Aggregate, Amundi Funds Bond Euro Corporate, Amundi Funds Bond Euro
Government, Amundi Funds Bond Euro Inflation, Amundi Funds Bond Euro High Yield, Amundi Funds Bond Euro High Yield Short Term, Amundi Funds Bond Global
286
Notes to the Financial Statements as at 31/12/13
Corporate, Amundi Funds Bond US Opportunistic Core Plus, Amundi Funds Bond Europe, Amundi Funds Bond Global Aggregate, Amundi Funds Bond Global, Amundi
Funds Bond Global Inflation, Amundi Funds Bond Enhanced RMB, Amundi Funds Bond Asian Local Debt, Amundi Funds Bond Emerging Inflation, Amundi Funds
Bond Global Emerging, Amundi Funds Bond Global Emerging Corporate, Amundi Funds Multi Asset Emerging Markets, Amundi Funds Index Equity Emerging Markets,
Amundi Funds Index Equity Euro, Amundi Funds Index Equity Europe, Amundi Funds Index Equity North America, Amundi Funds Index Equity Pacific, Amundi Funds
Index Equity World, Amundi Funds Index Global Bond (EUR) Hedged, Amundi Funds Absolute Forex, Amundi Funds Absolute Bonds & Currencies, Amundi Funds
Absolute Global Macro 2, Amundi Funds Absolute Global Macro 4, Amundi Funds Absolute Statistical Arbitrage, Amundi Funds Absolute Equity Market Neutral, Amundi
Funds Absolute High Yield, Amundi Funds Absolute Volatility Arbitrage, Amundi Funds Absolute Volatility Arbitrage Plus, Amundi Funds Absolute Volatility Euro Equities,
Amundi Funds Absolute Volatility World Equities, Amundi Funds Absolute Global Dividend, Amundi Funds Cash EUR and Amundi Funds Cash USD.
287
288
IG
IJ
IU
IG Class
IJ Class
IU Class
XU
I(8)
I(9)
XU Class
Institutional
Class VIII
Institutional
Class IX
Dedicated institutional Investors
specifically authorised by the
Board
Japanese UCIs specifically
authorised by the Board
Dedicated institutional
Investors specifically authorised
by the Board
Institutional Investors
Institutional Investors
specifically authorised by the
Board
Institutional Investors
Asian UCIs approved by the
Board
Japanese UCIs
Institutional Investors investing
for their own account or for
individuals within the framework
of a collective savings or any
comparable scheme as well as
UCITS
Investors
Denominated in EUR
-
-
Specific fee schedule
Denominated in USD
Specific fee schedule
Denominated in EUR
Specific fee schedule
-
Difference with Class I(2):
Only Accumulation Shares
-
Denominated in USD
Denominated in JPY
Denominated in GBP
Denominated in EUR
Denominated in CHF
Specific
characteristics
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
Taxation
USD 25,000,000
USD 50,000
Accumulation
Accumulation
Accumulation/
Distribution
USD 100,000,000 except
Accumulation
Emerging World USD
30,000,000 and Equity
Emerging Minimum Variance
Equivalent in EUR of
25,000,000
USD 30,000,0004
Accumulation
Distribution
USD 1,000,000
USD 15,000,000 except
Equity India Select
Accumulation
Distribution
Accumulation/
Distribution
Distributing/
Accumulation
USD 50,000
USD 50,000
USD 500,000
Equivalent in JPY of USD
500,000
Equivalent in GBP of USD
500,000
Equivalent in EUR of USD
500,000
Equivalent in CHF of USD
500,000
Minimum
investment1
Max 5.00%
Max 2.50%
Max 5.00%
Max 5.00%
Max 0.50%
Max 2.50%
Max 5.00%
Max 5.00%
Max 2.50%
Subscription
Fee3
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Conversion
Fee2
-
-
-
-
Max 1.00%
-
-
-
-
Redemption
Fee
1
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
4
For XU and XE classes, this minimum investment must be appreciated at level of the concerned Category of Classes, remotely in case of a sole institutional investor or in aggregate in case of companies of a same group, held in 100% by the same parent company
and investing for their own account.
I(10)
XE
XE Class
Institutional
Class X
I(6)
IE-D
I(4)
Institutional
Class VI
IE-D Class
Institutional
Class IV
I(2)
IE
IE Class
Institutional
Class II
IC
IC Class
Classes of Shares
I Classes Category
Denomination
Classes of Shares
This table further details the characteristics of each Class of Shares.
Notes to the Financial Statements as at 31/12/13
IHC
IHE
IHG0
IHG
IHS
IHU
IHJ
IHC Class
IHE Class
IHG0 Class
IHG Class
IHS Class
IHU Class
IHJ Class
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
- base currency (CHF)
- hedged Class of Shares (this operation
aims to hedge the NAV in CHF regarding
to the currency of denomination of the
relevant sub-fund)
-
Specific
characteristics
Institutional Investors
Difference with Class I:
- base currency (JPY)
- hedged Class of Shares
(this operation aims to hedge the NAV in
JPY regarding to the currency of
denomination of the relevant sub-fund)
Difference with Class I:
- base currency (USD)
- hedged Class of Shares
(this operation aims to hedge the NAV in
USD regarding to the currency of
denomination of the relevant sub-fund)
Difference with Class I:
- base currency (SGD)
- hedged Class of Shares (this operation
aims to hedge the NAV in SGD regarding
to the currency of denomination of the
relevant sub-fund)
Difference with Class I:
- base currency (GBP)
- hedged Class of Shares (this operation
aims to hedge the NAV in GBP regarding
to the currency of denomination of the
relevant sub-fund)
Institutional Investors specifically - base currency (GBP)
- hedged Class of Shares (this operation
authorised by the Board
aims to hedge the NAV in GBP regarding
to the currency of denomination of the
relevant sub-fund)
Institutional Investors
Dedicated institutional Investors
specifically authorised by the
Board
Investors
0.01% p.a.
0.01% p.a.
0.01% p.a.
0.01% p.a.
Taxation
Accumulation/
Distribution
Equivalent in GBP of USD
500,000
USD 500,000
USD 500,000
Accumulation/
Distribution
Accumulation
Accumulation
Distribution
Equivalent in GBP of USD
500,000
Equivalent in SGD of USD
500,000
Accumulation
except Bond Global
Aggregate
Accumulation/
Distribution
Accumulation
Accumulation
Distributing/
Accumulation
Equivalent in EUR of USD
500,000
Equivalent in CHF of USD
500,000
USD 20,000,000 for USD
denominated share classes
or equivalent in EUR for
EUR denominated share
classes
Minimum
investment1
Max 2.50%
Max 2.50%
Max 2.50%
Max 5.00%
Subscription
Fee3
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Conversion
Fee2
-
-
-
-
Redemption
Fee
1
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
I(11)
Institutional
Class XI
I Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
289
290
MC
MG
MU
MG Class
MU Class
MHE
MHJ
MHE Class
MHJ Class
OC
OE
OG
OC Class
OE Class
OG Class
O Classes Category
MHU
MJ
MHU Class
MJ Class
ME
MC Class
ME Class
Institutional Investors specifically
authorized by the Board
Italian GPF and UCITS, UCIs or
mandates authorised by the
Board
Institutional Investors
Investors
Denominated in GBP
Denominated in EUR
Denominated in CHF
- base currency (JPY)
- hedged Class of Shares
(this operation aims to hedge the NAV in
JPY regarding to the currency of
denomination of the relevant sub-fund)
- base currency (EUR)
- hedged Class of Shares
(this operation aims to hedge the NAV in
EUR regarding to the currency of
denomination of the relevant sub-fund)
Denominated in USD
- hedged Class of Shares
(this operation aims to hedge the NAV in
USD regarding to the currency of
denomination of the relevant sub-fund)
Denominated in USD
Denominated in JPY
Denominated in GBP
Denominated in EUR
Denominated in CHF
Difference with Class I:
- base currency (USD)
Difference with Class I:
- base currency (CAD)
- hedged Class of Shares (this operation
aims to hedge the NAV in CAD regarding
to the currency of denomination of the
relevant sub-fund)
Specific
characteristics
0.01% p.a
0.01% p.a.
0.01% p.a.
Taxation
Equivalent in GBP of USD
500,000
Equivalent in EUR of USD
500,000
Equivalent in CHF of USD
500,000
-
USD 500,000
Equivalent in CAD of USD
500,000.
Minimum
investment1
Accumulation
Max 2.50%
Max 2.50%
Subscription
Fee3
Accumulation except
Index Equity
Emerging Markets,
Index Equity Japan,
Max 5.00%
Index Equity USA
and Index Equity
World Accumulation/
Distribution
Accumulation
Accumulation
Accumulation
Accumulation /
Distribution
Distributing/
Accumulation
Max 1.00%
Max 1.00%
Max 1.00%
Conversion
Fee2
-
-
-
Redemption
Fee
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
1
IU-C
IU-C Class
M Classes Category
IHCA
IHCA Class
I Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
OR
AE-MD
AG
AJ
AU
AHC
AE-MD Class
AG Class
AJ Class
AU Class
AHC Class
Denominated in EUR
Denominated in USD
0.01% p.a
All investors
- base currency (CHF)
- hedged Class of Shares (this operation
aims to hedge the NAV in CHF regarding
to the currency of denomination of the
relevant sub-fund)
Denominated in USD
Denominated in JPY
Denominated in GBP
Denominated in EUR
- monthly dividend distribution
Denominated in EUR
Denominated in CHF
0.05% p.a.
Dedicated to feeders managed and Denominated in EUR.
Hedged Class of Shares
0.01% p.a
or distributed by companies of
(this operation aims to hedge the NAV in
Amundi Group
EUR regarding to the currency of
denomination of the relevant sub-fund)
Institutional Investors specifically
authorized by the Board
Difference with OU: specific fees
schedule
- base currency (EUR)
- hedged Class of Shares
(this operation aims to hedge the NAV in
EUR regarding to the currency of
denomination of the relevant sub-fund)
-
-
USD 500,000 except Equity
Latin America USD
100,000,000
Equivalent in EUR of USD
500,000
USD 500,000
USD 500,000
Equivalent in JPY of USD
500,000
Minimum
investment1
Accumulation
Accumulation/
Distribution
Distribution
Accumulation/
Distribution
Accumulation/
Distribution
Accumulation
Accumulation
Distributing/
Accumulation
Max 4.50%
Max 5.00%
Max 5.00%
Max 5.00%
Subscription
Fee3
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Conversion
Fee2
-
-
-
-
Redemption
Fee
1
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
AE
AC
AE Class
AC Class
A Classes Category
ORHE Class
ORHE
O1
O1 Class
OR Class
OHE
OHE Class
Taxation
Denominated in USD
- hedged Class of Shares
Institutional Investors specifically (this operation aims to hedge the NAV in
0.01% p.a
USD regarding to the currency of
authorized by the Board
denomination of the relevant sub-fund)
Denominated in USD
OHU
OU
Specific
characteristics
Denominated in JPY
Investors
OJ
OHU Class
OU Class
OJ Class
O Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
291
292
AHK
AHU
AHU-MD
AHS
AU-C
AHK Class
AHU Class
AHU-MD Class
AHS Class
AU-C Class
Difference with Class AU:
- only accumulation share
Denominated in SGD
- hedged Class of Shares (this operation
aims to hedge the NAV in USD regarding
to the currency of denomination of the
relevant sub-fund)
- base currency (USD)
- hedged Class of Shares (this operation
aims to hedge the NAV in USD regarding
to the currency of denomination of the
relevant Sub-Fund)
-monthly dividend distribution
- base currency (USD)
- hedged Class of Shares (this operation
aims to hedge the NAV in USD regarding
to the currency of denomination of the
relevant sub-fund)
- base currency (CZK)
- hedged Class of Shares (this operation
aims to hedge the NAV in CZK regarding
to the currency of denomination of the
0.05% p.a.
relevant sub-fund)
Taxation
-
Minimum
investment1
Accumulation
Accumulation/
Distribution
Distribution
Accumulation
Except for
Absolute Global
Macro 2 and
Absolute Global
Macro 4
Accumulation /.
Distribution
Accumulation
Accumulation/
Distribution
Distribution
Accumulation
Except for Absolute
Volatility World
Equities and Bond
Global Aggregate:
Accumulation /
Distribution
Distributing/
Accumulation
Max 4.50%
Subscription
Fee3
Max 1.00%
Conversion
Fee2
-
Redemption
Fee
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
1
AHG
AHG Class
All investors
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
-monthly dividend distribution
AHE-MD
AHE-MD Class
- base currency (GBP)
- hedged Class of Shares (this operation
aims to hedge the NAV in GBP regarding
to the currency of denomination of the
relevant sub-fund)
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
Specific
characteristics
AHE
Investors
AHE Class
A Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
All Investors
A4E
AU-MD
A4E Class
AU-MD Class
RJ
Denominated in USD
SG
SU
SG Class
SU Class
SHE
SJ
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
Denominated in USD
Denominated in JPY
0.05% p.a.
-
-
-
-
-
-
Minimum
investment1
Accumulation
Distribution
Accumulation
Accumulation/
Distribution
Max 3.00%
Max 4.50%
Max 4.50%
Max 4.50%
Accumulation
Distribution
Max 4.50%
Max 4.50%
Subscription
Fee3
Accumulation/
Distribution
Accumulation/
Distribution
Distributing/
Accumulation
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Max 1.00%
Conversion
Fee2
-
-
-
-
-
-
Redemption
Fee
1
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
SHE Class
SJ Class
Denominated in GBP
Denominated in EUR
- monthly dividend distribution
SE-MD
SE-MD Class
SE
Denominated in EUR
Denominated in JPY
Denominated in GBP
Denominated in CHF
SE Class
0.05% p.a.
0.05% p.a.
0.05% p.a.
0.05% p.a.
Taxation
- base currency (GBP)
- hedged Class of Shares (this operation 0.05% p.a.
aims to hedge the NAV in GBP regarding
to the currency of denomination of the
relevant sub-fund)
SC
All Investors
Shares only available through a
networks of distributors
All Investors
Shares only available through a
networks of distributors in the
U.K. or in the Netherlands
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
Denominated in EUR
- base currency (USD)
- monthly dividend distribution
Denominated in EUR
Denominated in USD
SC Class
S Classes Category
RJ Class
RG
RU
RU Class
RG Class
RHG
RHG Class
RE
RHE
RHE Class
RE Class
R Classes Category
All Investors Shares
Only available through LCL
distribution network
Reserved to Singapore
Investors
Specific
characteristics
Reserved to Hong Kong, Macau Denominated in USD
and Singapore Investors
Denominated in EUR
A3U
A2E
A3U Class
A2E Class
A2U
Investors
A2U Class
A Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
293
294
SHG
SHU
SHG Class
SHU Class
Class H
FG
FU
FG Class
FU Class
FHE Class
FJ Class
FHE
FJ
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
Denominated in USD
Denominated in JPY
Denominated in GBP
Denominated in EUR
-monthly dividend distribution
Denominated in EUR
FE-MD
FE
FE-MD Class
FE Class
Denominated in CHF
Shares only available through a network
of distributors specifically authorised by
the Board
Difference with Class S: Reduced
Subscription Fee
- base currency (USD)
- hedged Class of Shares (this operation
aims to hedge the NAV in USD regarding
to the currency of denomination of the
relevant sub-fund)
- base currency (GBP)
- hedged Class of Shares (this operation
aims to hedge the NAV in GBP regarding
to the currency of denomination of the
relevant sub-fund)
FC
All Investors.
Shares only available through a
network of distributors
specifically authorised by the
Board
Difference with S Classes
Category: Distribution fees
All Investors
Taxation
0.05% p.a.
0.05% p.a.
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
0.05% p.a.
- monthly dividend distribution
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
- quarterly dividend distribution
Specific
characteristics
FC Class
F Classes Category
Classic H Class
All Investors
Shares only available through a
network of distributors.
Investors
-
-
-
Minimum
investment1
Accumulation
Accumulation
Accumulation
Accumulation
Distribution
Accumulation
Accumulation
Accumulation
Accumulation
Distribution
Distribution
Distribution
Distributing/
Accumulation
-
Max 1.00%
Max 3.00%
Subscription
Fee3
-
Max 1.00%
Max 1.00%
Conversion
Fee2
-
-
-
Redemption
Fee
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
1
SHE-MD
SHE-MD Class
Classic H Class Category
SHE-QD
SHE-QD Class
S Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
FHE-MD
FHU
FHE-MD Class
FHU Class
PU
Private Banks authorised by the
Board
All Investors.
Shares only available through a
network of distributors
specifically authorised by the
Board
Difference with S Classes
Category: Distribution fees
Investors
Taxation
Denominated in USD
- base currency (USD)
- hedged Class of Shares (this operation
aims to hedge the NAV in USD regarding
to the currency of denomination of the
relevant sub-fund)
0.05% p.a
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding 0.05% p.a.
to the currency of denomination of the
relevant sub-fund)
- monthly dividend distribution
- base currency (EUR)
- hedged Class of Shares (this operation
aims to hedge the NAV in Euro regarding
to the currency of denomination of the
relevant sub-fund)
- quarterly dividend distribution
Specific
characteristics
USD 100 000 - or its
equivalent in EUR
-
Minimum
investment1
Accumulation/
Distribution
Accumulation/
Distribution
Distribution
Distributing/
Accumulation
Max 4.50%
-
Subscription
Fee3
Max 1.00%
Max 1.00%
-
Conversion
Fee2
-
-
Redemption
Fee
1
Each minimum investment amount must be appreciated at level of the concerned Category of Classes, independently of the sub-fund(s), except if otherwise provided in the table. For the I Classes Category except for XU and XE classes, each minimum investment
must be appreciated at the level of the Fund, independently of the sub-fund(s), except if otherwise provided in the table. It can be appreciated remotely in case of a sole investor or in aggregate in case of companies of a same group, held in 100% by the same parent
company and investing for their own account.
2
No conversion fee is applied for a change of Class of Shares or Category within a same sub-fund.
3
Depending on the level of assets under management within Absolute Volatility Euro Equities and Absolute Volatility World Equities, new subscriptions may generate adverse effects increasing the complexity of the management of the assets of these sub-funds and /
or impacting negatively their future performance. As a result, the Board of Directors reserves the right to apply, during any period of time determined at its own discretion and on amounts subscribed, an additional subscription fee up to a maximum of 2.00%. The amount
applied will be fixed by the Board from time to time for each new subscription and will be payable to the concerned sub-fund. More information concerning additional subscription fee currently applied can be obtained upon request at the registered office of the management
company and on the website www.amundi-funds.com.
PU Class
P Classes Category
FHE-QD
FHE-QD Class
F Classes Category
Denomination
Notes to the Financial Statements as at 31/12/13
295
Notes to the Financial Statements as at 31/12/13
2
PRINCIPAL ACCOUNTING CONVENTIONS
n
PRESENTATION OF THE FINANCIAL STATEMENTS
The Fund’s financial statements were prepared in accordance with the legal and regulatory provisions in force in Luxembourg concerning undertakings for collective
investment.
The financial statements are presented on the basis of the latest Net Asset Value (“NAV”) calculated during the financial period. In accordance with the prospectus dated
November 2013, the NAV were calculated using the latest market values and exchange rates known at the time of the calculation meaning:
- For Amundi Funds Index Equity Euro, Amundi Funds Index Equity Europe, Amundi Funds Index Pacific and Amundi Funds Index Global Bond (EUR) Hedged:
30 December 2013
- For all other sub-funds: 31 December 2013.
In the semi-annual report as at 31 December 2012, the sub-funds merged or liquidated during this year were shown separately in the Statement of Operations and
Changes in Net Assets and were included in the consolidated figures. In the semi-annual report as at 31 December 2013, these sub-funds are not shown separately
in the Statement of Operations and Changes in Net Assets even though they are still included in the consolidated figures as at 31 December 2012.
n
n
Securities portfolio - Transferable securities listed on a Stock Exchange or on a regulated market are valued at their last known price. When these prices are
not representative or when securities are not listed, they are valued at their reasonably probable realisation value, determined with care and in good faith by the
Board of Directors.
Conversion of items expressed in foreign currencies - The Fund’s financial statements are expressed in Euro (EUR). Net assets of each sub-fund expressed
in foreign currencies are therefore converted and consolidated in EUR at the exchange rate in force at the close of the financial period.
Transactions and acquisition costs for portfolio securities expressed in foreign currencies are converted into the accounting currency of the sub-fund concerned at
the exchange rate in force on the date of transaction or acquisition, as appropriate. Valuation values for securities in the portfolio and of other assets and liabilities
expressed in foreign currencies are converted into the accounting currency of the sub-fund concerned at the exchange rate in force at the end of the financial period.
Currency differences resulting from these conversions are recorded in the Statement of Operations and Changes in net assets.
n Return on investments - Dividends are entered as yields on the date when they are declared and in so far as the appropriate information can be obtained by the
Fund. Interest is accrued on a daily basis.
n Distribution of costs and expenses - Each sub-fund is charged with costs or expenses specifically attributable to it. Costs and expenses not attributable to a specific
sub-fund are distributed between the sub-funds on an equitable basis, in proportion to their respective Net Assets.
n
n
n
n
n
n
n
n
n
Repurchase agreements - Repurchase agreements (Repos) are equivalent to borrowings guaranteed by underlying assets presented in the securities portfolio
of the sub-fund which remains exposed to market risk. Reverse Repurchase agreements (Reverse Repos) are similar to guaranteed loans. In this case, the
sub-fund is not subject to the risk of depreciation in the value of the underlying assets. Repos and Reverse Repos are regarded as borrowings and loans,
respectively, of the sum of liquid assets received and/or paid.
Futures contracts - Unexpired futures contracts are valued at their last known price on the date of valuation or on the closing date and unrealised appreciations
or depreciations resulting from them are recorded in the Statement of Net Assets.
Forward foreign exchange contracts - Unexpired forward foreign exchange contracts are valued at the exchange rates applicable on the valuation date or on
the closing date and unrealised appreciations or depreciations resulting from them are recorded in the Statement of Net Assets.
Valuation of options - Options officially listed on a stock market or any other regulated market, operating in a regular manner, recognised and open to the public,
are valued on the basis of their closing prices on the valuation day or, in the absence of such prices, on the basis of the last-known prices available. If these lastknown prices are not representative, the valuation will be based on the probable realisation value estimated by the Board of Directors with prudence and in good
faith. Currency options are valued at the market value.
Swaps - The Fund is authorised to enter into volatility swaps, correlation swaps, credit default swaps, total return swaps, inflation swaps, asset swaps or interest
rate swaps. Except for the interest rate swaps with a maturity of less than 6 months included in the Net Asset Value of the Cash EUR and Cash USD sub-funds,
interest rate swaps, volatility swaps, correlation swaps, variance swaps, credit default swaps, total return swaps and inflation swaps are recorded at market value
based on the valuation elements laid down in the contracts. The unrealised net gain is included in the item “Unrealised net appreciation on swaps” in the Statement
of Net Assets and the unrealised net loss is included in the item “Unrealised net depreciation on swaps” in the Statement of Net Assets.
Money market instruments - For the money market instruments, the accretion (difference between cost and amortised value), is reported under “Net change in
unrealised appreciation/(depreciation) on investments” for securities held. If the instruments have been sold or reimbursed, this result is considered as “Net realised
profit/(loss) on securities sold”.
“Net realised profit/(loss) on securities sold” - The “Net realised profit/(loss) on securities sold” figure of the Statement of Operations and Changes in Net Assets
is reflecting the difference between the cost and proceeds from securities sold, including the market as well as the currency impacts.
Transaction costs - The transaction costs include broker fees and fees charged by the custodian for securities and derivatives transactions. The broker fees
are excluded from the cost of securities and derivatives purchased and sold. All these fees are recorded under caption “Broker and transaction fees”.
Contracts for difference - Contracts for difference are valued based on the closing market price of the underlying security, less any financing charges attributable
to each contract. Upon entering into contracts for difference, the SICAV may be required to pledge to the broker an amount of cash and/or other assets equal
to a certain percentage of the contract amount (“initial margin”). Subsequently, payments known as “variation margin” are made or received by the SICAV
periodically, depending on fluctuations in the value of the underlying security. During the period, contracts are open, changes in the value of contracts are
recognised as unrealised gains and losses by “marking to market” at each valuation point in order to reflect the changes in the value of the underlying security.
Realised gains or losses upon closure of the contract are equal to the difference between the value of the contract at the time it was opened and the value at
the time it was closed. The open contracts for difference are included in the Combined Statement of Net Assets on the basis of the Unrealised Gain/(Loss)
attributable to each contract as at the end of the period. Dividends attributable to open contracts for difference are also included in the value of the Unrealised
Gain/(Loss) at the end of the period. The contracts are subject to a daily financing charge and income, usually applied at a previously agreed rate, which is
accounted for as interest income for short Contracts for Difference, and as interest expense for long Contracts for Difference positions.
296
Notes to the Financial Statements as at 31/12/13
3
EXCHANGE RATES USED AS OF 31 DECEMBER 2013
The exchange rates used for the consolidated figures are the following:
1 JPY =
1 USD =
4
0.006905 EUR
0.725716 EUR
MANAGEMENT FEES, ADMINISTRATION FEES AND DISTRIBUTION FEES
Fee structure - The Administration fee is a fee expressed as a percentage of the NAV of the sub-funds and classes of shares, including all the administrative expenses
of the Fund.
Such fee includes the remuneration of the Administration Agent, Domiciliary Agent, Transfer Agent and Registrar for its services rendered to the Fund, the remuneration
of the Custodian for its services rendered to the Fund as well as all other administrative expenses incurred in the operation of the Fund including but not limited to:
- the fees of auditors and legal advisers of the Fund (including costs associated with compliance with legal and regulatory requirements);
- the cost of translation, printing and distributing to investors the annual and semi-annual reports and of the prospectus dated November 2013 of the Fund and any
supplement there to;
- any costs related to the information of the shareholders including costs related to the publication of prices of shares in the financial press, the production of
information material for the subscribers and distributors;
- any fees and expenses involved in registering and maintaining the registration of the Fund with any governmental agency or stock exchange and to comply with
any regulatory requirements and the reimbursement of such fees and expenses incurred by any local representative;
- the fees of any local representative/correspondent, of which the services are required pursuant to the applicable law;
- the costs related to extraordinary measures, in particular any expertise or trial aiming at the protection of the shareholders’ interests;
- the costs related to the translation, distribution and publication of any notice to the shareholders.
The Administration fee is payable monthly in arrears to Amundi Luxembourg and is calculated each day for each sub-fund and each class of shares.
From such fee, Amundi Luxembourg will pay the fees of the Custodian, the Administration Agent, the Domiciliary Agent, the Transfer Agent and the Registrar and the
administrative expenses of the Fund.
The Management fees applicable for the period ended 31 December 2013, expressed in percentages of the NAV, are payable quarterly to Amundi Luxembourg and
calculated each day for each sub-fund on the basis of the daily NAV of each class of shares at the below rates per annum.
The Management Company is responsible for paying commissions to Investment Managers.
In addition to the management fees paid by the Fund to Amundi Luxembourg, the sub-funds investing part of their assets in other UCI's are also subject to the
management fees charged to those sub-funds.
The Management fees, Administration fees and Distribution fees, expressed as a percentage of the NAV, are set out in the following schedule. All sub-funds and Classes
of Shares listed in this table are in existence during the financial period ended on 31 December 2013.
297
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Sub-funds Base
Currency
EQUITY SUB-FUNDS
Global/Regional/Country sub-funds
Equity Euroland Value*
EUR
Equity Japan Target*
JPY
Equity US Concentrated
Core*
USD
Equity US Relative Value*
USD
Equity Global Select*
USD
Other Share Classes
NAV Currencies
Classes
of Shares
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
CZK
EUR/USD
EUR/USD
JPY/EUR/USD
EUR
USD
JPY/EUR/USD
EUR
JPY/EUR/USD
EUR
JPY/EUR/USD
EUR
EUR
USD
JPY/EUR/USD
EUR
JPY/EUR/USD
EUR
JPY
EUR
GBP
USD/EUR
EUR
USD
USD/EUR
EUR
EUR
USD/EUR
EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
GBP
USD
EUR
GBP
USD/EUR
EUR
USD/EUR
EUR
EUR
USD/EUR
EUR
EUR
CZK
USD/EUR
EUR
USD/EUR
EUR
GBP
EUR
GBP
USD
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
USD
EUR
USD/EUR
EUR
USD/EUR
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHK Class
- SE Class
- FE Class
- IJ Class
- IHE Class
- IHU Class
- MJ Class
- MHE Class
- OJ Class
- ORHE Class
- AJ Class
- AE Class
- AHE Class
- AHU Class
- SJ Class
- SHE Class
- FJ Class
- FHE Class
- RJ Class
- RHE Class
- RHG Class
- IU Class
- IHE Class
- Institutional Class XI
- MU Class
- MHE Class
- ORHE Class
- AU Class
- AE Class
- AHE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RG Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- IHE Class
- MU Class
- MHE Class
- OHE Class
- AU Class
- AE Class
- AHE Class
- AHK Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RG Class
- RHE Class
- RHG Class
- RU Class
- IU Class
- IE Class
- MU Class
- ME Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- SE Class
- FU Class
* A performance fee is added to some classes of shares of these sub-funds.
298
Management Fees
0.80%
0.70%
/
/
1.70%
1.70%
2.10%
2.10%
0.80%
0.80%
0.80%
0.80%
0.80%
/
/
1.80%
1.80%
1.80%
1.80%
2.20%
2.20%
2.20%
2.20%
0.80%
0.80%
0.80%
0.80%
0.80%
0.49%
0.80%
0.80%
/
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
2.10%
0.80%
0.80%
0.80%
0.80%
0.70%
0.70%
0.70%
0.70%
/
1.70%
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
2.10%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.60%
0.60%
/
/
1.40%
1.40%
1.40%
1.80%
1.80%
1.80%
Administration
Fees
Distribution
Fees
0.25%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.25%
0.35%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.25%
0.35%
0.35%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.35%
0.35%
0.25%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.35%
0.35%
0.25%
0.11%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Equity Japan Value
Sub-funds Base
Currency
JPY
Equity Euro Select*
EUR
Equity Europe Select*
EUR
Other Share Classes
NAV Currencies
Smaller Companies/Thematic sub-funds
Equity Euroland Small
EUR
Cap*
Equity Global Gold Mines*
USD
Equity Global Luxury
and Lifestyle*
USD
* A performance fee is added to some classes of shares of these sub-funds.
JPY/EUR/USD
EUR
USD
JPY/EUR/USD
JPY/EUR/USD
JPY/EUR/USD
JPY/EUR/USD
EUR
JPY/EUR/USD
EUR
EUR
USD
JPY/EUR/USD
EUR
JPY/EUR/USD
EUR
EUR
GBP
JPY
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
GBP
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
USD
EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
USD
GBP
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
USD
EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
GBP
USD
EUR
GBP
Classes
of Shares
- IJ Class
- IHE Class
- IHU Class
- Institutional Class II
- Institutional Class VIII
- Institutional Class IX
- MJ Class
- MHE Class
- AJ Class
- AE Class
- AHE Class
- AHU Class
- SJ Class
- SHE Class
- FJ Class
- FHE Class
- RHE Class
- RHG Class
- RJ Class
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- RE Class
- RHG Class
- IU Class
- IE Class
- MU Class
- ME Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- A2E Class
- AE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RU Class
- RHG Class
- IU Class
- IE Class
- MU Class
- ME Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- A2E
- AE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RG Class
- RU Class
- RHE Class
- RHG Class
Management Fees
0.80%
0.80%
0.80%
0.45%
0.45%
0.30%
0.70%
0.70%
1.50%
1.50%
1.50%
1.50%
1.90%
1.90%
1.90%
1.90%
0.80%
0.80%
0.80%
0.65%
0.55%
/
/
1.30%
1.70%
1.70%
0.65%
0.55%
/
/
1.30%
1.70%
1.70%
0.80%
0.70%
/
/
1.70%
2.10%
2.10%
0.80%
0.80%
0.90%
0.90%
0.80%
0.80%
/
/
1.70%
1.70%
1.85%
1.70%
2.10%
2.10%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.80%
0.80%
/
/
1.70%
1.70%
1.85%
1.70%
2.10%
2.10%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
Administration
Fees
Distribution
Fees
0.25%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.35%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.35%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
0.25%
0.25%
0.25%
0.25%
0.10%
0.25%
0.35%
0.35%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.35%
0.25%
0.11%
0.35%
0.35%
0.35%
0.25%
0.35%
0.25%
0.11%
0.35%
0.35%
0.35%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
1.00%
299
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Sub-funds Base
Currency
Equity Global Resources*
USD
Equity Global Agriculture*
USD
Other Share Classes
NAV Currencies
Asia/Emerging Markets sub-funds
Equity ASEAN*
USD
Equity Asia ex Japan*
USD
Equity Brazil*
USD
* A performance fee is added to some classes of shares of these sub-funds.
300
USD/EUR/GBP
EUR
USD/EUR/GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
EUR
USD
GBP
USD/EUR/GBP
EUR
USD/EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
EUR
EUR
GBP
USD
USD/EUR/SGD
USD/EUR/SGD
USD/EUR/SGD
USD/EUR/SGD
USD/EUR/SGD
USD/EUR/SGD
USD/EUR/SGD
EUR
USD/EUR/SGD
USD
EUR
USD/EUR/SGD
USD/EUR/SGD
USD
EUR
GBP
USD/EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
USD
EUR
USD/EUR
USD/EUR
USD
EUR
GBP
USD/EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
USD
EUR
USD/EUR
USD/EUR
EUR
USD
GBP
GBP
Classes
of Shares
- IU Class
- IHE Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AHE Class
- AE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RHE Class
- RU Class
- RHG Class
- IU Class
- IE Class
- Institutional Class IV
- MU Class
- ME Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- A2E Class
- AE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RE Class
- RHE Class
- RHG Class
- RU Class
- IU Class
- Institutional Class II
- Institutional Class IV
- XU Class
- Institutional Class IX
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- FU Class
- RHE Class
- RU Class
- RG Class
- RHG Class
Management Fees
0.90%
0.90%
0.80%
/
/
1.70%
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.90%
0.45%
0.80%
0.80%
/
/
1.70%
1.70%
1.85%
1.70%
2.10%
2.10%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.90%
0.45%
0.45%
0.60%
0.37%
0.80%
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.60%
0.80%
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.60%
0.80%
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
Administration
Fees
Distribution
Fees
0.40%
0.40%
0.40%
0.25%
0.33%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.25%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.25%
0.50%
0.25%
0.22%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
0.25%
0.25%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.25%
0.25%
0.40%
0.35%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Equity Emerging Europe*
Sub-funds Base
Currency
EUR
Equity Emerging Internal
Demand*
USD
Equity Emerging World*
USD
Equity MENA*
USD
Equity Greater China*
USD
Other Share Classes
NAV Currencies
* A performance fee is added to some classes of shares of these sub-funds.
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR
USD
EUR/USD
EUR/USD
USD/EUR/GBP
USD
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD/EUR/GBP
GBP
EUR
GBP
USD
USD/EUR/GBP
EUR
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
USD/EUR/GBP
USD/EUR/GBP
GBP
EUR
USD
EUR
GBP
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
EUR
USD/EUR
USD
EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
EUR
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
USD/EUR/GBP
USD/EUR/GBP
USD
EUR
GBP
Classes
of Shares
- IE Class
- XE Class
- ME Class
- OE Class
- OR Class
- AE Class
- A2E Class
- A2U Class
- SE Class
- FE Class
- IU Class
- Institutional Class VIII
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- AHE Class
- SU Class
- SE Class
- FU Class
- Institutional Class IV
- RG Class
- RHE Class
- RHG Class
- RU Class
- IU Class
- IE Class
- XU Class
- Institutional Class VIII
- MU Class
- ME Class
- OU Class
- O1 Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- FU Class
- RG Class
- RE Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- IHE Class
- MU Class
- MHE Class
- OU Class
- OHE Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- AHE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RE Class
- IU Class
- Institutional Class II
- Institutional Class IV
- XU Class
- Institutional Class IX
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2UClass
- AE Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
Management Fees
0.90%
0.60%
0.80%
/
/
1.70%
1.70%
1.85%
2.10%
2.10%
0.90%
1.00%
0.60%
0.80%
/
/
1.70%
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
0.24%
0.90%
0.90%
0.90%
0.90%
0.90%
0.90%
0.60%
1.00%
0.80%
0.80%
/
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.90%
1.00%
1.00%
1.00%
1.00%
/
/
/
1.70%
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
2.10%
1.00%
0.90%
0.45%
0.45%
0.60%
0.37%
0.80%
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
0.90%
0.90%
0.90%
Administration
Fees
0.40%
0.25%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.25%
0.25%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.25%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.25%
0.25%
0.50%
0.50%
0.25%
0.20%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.50%
0.50%
0.40%
0.40%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.40%
0.25%
0.33%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
Distribution
Fees
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
301
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Equity India*
Sub-funds Base
Currency
USD
Equity India Select*
USD
Equity India Infrastructure*
USD
Equity Korea*
USD
Equity Latin America*
USD
Equity Thailand*
USD
Other Share Classes
NAV Currencies
USD/EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
USD
EUR
USD/EUR
USD/EUR
USD
EUR
GBP
USD/EUR
USD/EUR
USD/EUR
EUR
USD
EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
USD
EUR
USD/EUR
USD/EUR
USD/JPY/EUR
USD/JPY/EUR
USD/JPY/EUR
USD/JPY/EUR
USD/JPY/EUR
USD/JPY/EUR
EUR
USD/JPY/EUR
EUR
USD/JPY/EUR
USD/JPY/EUR
USD/EUR/JPY/GBP
USD/EUR/JPY/GBP
USD/EUR/JPY/GBP
USD/EUR/JPY/GBP
USD/EUR/JPY/GBP
USD
EUR
USD/EUR/JPY/GBP
USD
EUR
USD/EUR/JPY/GBP
EUR
USD/EUR/JPY/GBP
USD/EUR
GBP
USD
EUR
GBP
USD/EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
USD/EUR
USD/EUR
* A performance fee is added to some classes of shares of these sub-funds.
302
Classes
of Shares
- IU Class
- Institutional Class II
- Institutional Class IV
- XU Class
- Institutional Class IX
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- Institutional Class VI
- MU Class
- ORHE Class
- AU Class
- AE Class
- FU Class
- IU Class
- Institutional Class II
- Institutional Class IV
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- FU Class
- IU Class
- Institutional Class II
- Institutional Class IV
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- AE Class
- SU Class
- FU Class
- IU Class
- Institutional Class IV
- XU Class
- MU Class
- OU Class
- O1 Class
- ORHE Class
- AU Class
- A2U Class
- AE Class
- SU Class
- SE Class
- FU Class
- PU Class
- RG Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- SU Class
- FU Class
Management Fees
0.90%
0.45%
0.45%
0.60%
0.37%
0.80%
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.80%
0.90%
/
1.70%
1.70%
2.10%
0.90%
0.45%
0.45%
0.60%
0.80%
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
1.00%
0.45%
0.45%
0.65%
0.90%
/
/
1.70%
1.70%
2.10%
2.10%
0.90%
0.45%
0.60%
0.80%
/
/
/
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
0.90%
0.90%
0.90%
0.90%
0.90%
1.00%
0.65%
0.90%
/
/
1.60%
2.00%
2.00%
Administration
Fees
0.40%
0.40%
0.40%
0.25%
0.33%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.40%
0.15%
0.50%
0.50%
0.50%
0.40%
0.40%
0.40%
0.25%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.40%
0.25%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.25%
0.50%
0.25%
0.20%
0.21%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.45%
0.50%
0.50%
0.50%
0.50%
0.40%
0.25%
0.50%
0.25%
0.15%
0.50%
0.50%
0.50%
Distribution
Fees
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Sub-funds Base
Currency
Socially Responsible Investments sub-fund
Equity Global Aqua
EUR
Other Share Classes
NAV Currencies
Next Generation Equity sub-funds
Equity Emerging
USD
Anti-Benchmark*
Equity Emerging Minimum
Variance*
USD
Equity Europe Minimum
Variance*
EUR
Equity Global Minimum
Variance*
USD
Equity World AntiBenchmark*
EUR
* A performance fee is added to some classes of shares of these sub-funds.
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
USD
EUR
USD
USD
EUR
USD
EUR
EUR
USD
EUR
USD
EUR
USD
EUR
GBP
USD
EUR
EUR
USD
EUR
USD
EUR
USD
EUR
USD
EUR
USD
EUR
USD
EUR
GBP
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
GBP
USD/EUR
EUR
EUR
USD/EUR/USD
EUR
EUR
USD/EUR
USD/EUR
USD/EUR
EUR
EUR
USD/EUR
USD
USD
GBP
EUR
GBP
EUR
EUR
EUR
EUR
EUR
EUR
GBP
Classes
of Shares
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- IU Class
- IE Class
- Institutional Class VI
- MU Class
- ME Class
- AU Class
- AE Class
- AHE Class
- SU Class
- SE Class
- FU Class
- FE Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- IHE Class
- Institutional Class VIII
- MU Class
- MHE Class
- OU Class
- OHE Class
- AU Class
- AHE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RU Class
- RHE Class
- RHG Class
- IE Class
- XE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- RE Class
- RHG Class
- IU Class
- IE Class
- IHE Class
- MU Class
- ORHE Class
- XU Class
- XE Class
- OU Class
- AU Class
- AE Class
- AHE Class
- SU Class
- FU Class
- RU Class
- RG Class
- RHE Class
- RHG Class
- IE Class
- ME Class
- AE Class
- SE Class
- FE Class
- RE Class
- RHG Class
Management Fees
0.90%
0.80%
/
/
1.70%
2.10%
2.10%
0.95%
0.95%
0.70%
0.95%
0.95%
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
2.10%
0.95%
0.95%
0.95%
0.90%
0.90%
0.70%
0.90%
0.90%
/
/
1.70%
1.70%
2.10%
2.10%
2.10%
2.10%
0.90%
0.90%
0.90%
0.50%
0.35%
0.40%
/
/
1.30%
1.70%
1.70%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
/
0.35%
0.35%
/
1.30%
1.30%
1.30%
1.70%
1.70%
0.50%
0.50%
0.50%
0.50%
0.80%
0.80%
1.60%
2.00%
2.00%
0.80%
0.80%
Administration
Fees
Distribution
Fees
0.25%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
/
/
/
/
/
/
1.00%
0.40%
0.40%
0.25%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.40%
0.40%
0.40%
0.50%
0.50%
0.40%
0.40%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.25%
0.25%
0.35%
0.25%
0.11%
0.35%
0.35%
0.35%
0.35%
0.35%
0.25%
0.25%
0.25%
0.35%
0.11%
0.25%
0.25%
0.25%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.25%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
1.00%
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
1.00%
/
/
303
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
BOND SUB-FUNDS
Convertible Bond sub-funds
Convertible Europe*
Sub-funds Base
Currency
Other Share Classes
NAV Currencies
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
GBP
EUR/USD
USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR
USD
EUR/USD
EUR/USD
EUR
GBP
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- RE Class
- RHG Class
- IE Class
- IHU Class
- ME Class
- OE Class
- OR Class
- AE Class
- A2E Class
- AHU Class
- SE Class
- FE Class
- RE Class
- RHG Class
EUR/USD
USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR
EUR/USD
EUR
USD
USD
EUR
EUR/USD
EUR
EUR/USD
EUR
EUR
- IE Class
- IHU Class
- Institutional Class II
- Institutional Class IV
- Institutional Class X
- ME Class
- OE Class
- OR Class
- AE Class
- AE-MD Class
- AHU Class
- AHU-MD Class
- A2E Class
- SE Class
- SE-MD Class
- FE Class
- FE-MD Class
- RE Class
Convertible Global*
EUR
Euro Bonds sub-funds
Bond Euro Aggregate*
EUR
Bond Euro Corporate*
EUR
Bond Euro Government*
EUR
Bond Euro Inflation*
EUR
High Yield Bonds sub-funds
Bond Euro High Yield*
EUR
* A performance fee is added to some classes of shares of these sub-funds.
304
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR
EUR/USD
EUR
USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR
EUR/USD
EUR/USD
EUR
Classes
of Shares
- IE Class
- Institutional Class II
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- RE Class
- IE Class
- Institutional Class II
- Institutional Class XI
- ME Class
- OE Class
- OR Class
- AE Class
- A2E Class
- A2U Class
- SE Class
- FE Class
- RE Class
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- IE Class
- XE Class
- ME Class
- OE Class
- OR Class
- AE Class
- A2E Class
- SE Class
- FE Class
- RE Class
Administration
Fees
Distribution
Fees
0.55%
0.45%
/
/
1.20%
1.40%
1.40%
0.55%
0.55%
0.55%
0.55%
0.45%
/
/
1.20%
1.20%
1.20%
1.40%
1.40%
0.55%
0.55%
0.20%
0.35%
0.20%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
0.20%
0.20%
0.35%
0.20%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
/
/
/
0.40%
/
/
0.55%
0.55%
0.40%
0.45%
0.70%
0.45%
/
/
1.20%
1.20%
1.20%
1.20%
1.20%
1.40%
1.40%
1.40%
1.40%
0.55%
0.20%
0.20%
0.20%
0.20%
0.20%
0.30%
0.20%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
/
Management Fees
0.45%
0.30%
0.40%
/
/
0.80%
1.00%
1.00%
0.45%
0.45%
0.30%
0.26%
0.40%
/
/
0.80%
0.80%
0.90%
1.00%
1.00%
0.45%
0.40%
0.30%
/
/
0.80%
1.00%
1.00%
0.45%
0.25%
0.30%
/
/
0.75%
0.75%
0.95%
0.95%
0.45%
0.10%
0.10%
0.25%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.10%
0.10%
0.10%
0.25%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.10%
0.25%
0.10%
0.10%
0.30%
0.30%
0.30%
0.10%
0.10%
0.25%
0.10%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
/
/
/
/
/
/
/
0.20%
/
/
/
/
/
/
/
/
/
/
/
0.20%
/
/
/
/
/
/
/
0.20%
/
/
/
/
/
/
/
/
0.20%
/
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Bond Euro High Yield
Short Term*
Sub-funds Base
Currency
EUR
Other Share Classes
NAV Currencies
Global Bonds and Debts sub-funds
Bond Global Corporate*
USD
Bond US Opportunistic
Core Plus*
USD
Bond Europe*
EUR
Bond Global Aggregate*
USD
* A performance fee is added to some classes of shares of these sub-funds.
EUR
USD
GBP
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
GBP
USD/EUR
EUR
GBP
USD/EUR
USD/EUR
EUR
USD/EUR
USD
EUR
EUR
EUR
USD/EUR
USD/EUR
USD
EUR
GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
EUR
EUR
USD/EUR/GBP
EUR
EUR
USD/EUR/GBP
EUR
EUR
GBP
GBP
EUR
EUR/USD
GBP
GBP
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
USD/EUR/GBP
EUR
EUR
CAD
CHF
GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
EUR
EUR
CHF
USD/EUR/GBP
EUR
EUR
GBP
USD/EUR/GBP
EUR
EUR
GBP
GBP
EUR
USD
Classes
of Shares
- IE Class
- IHU Class
- IHG Class
- ME Class
- OE Class
- OR Class
- AE Class
- AE-MD Class
- SE Class
- SE-MD Class
- FE Class
- FE-MD Class
- RE Class
- RHG Class
- IU Class
- IHE Class
- IHG Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- AU-MD Class
- AE Class
- AHE Class
- AHE-MD Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- IHE Class
- MU Class
- MHE Class
- AU Class
- AU-MD Class
- AE Class
- AHE Class
- AHE-MD Class
- SU Class
- SHE Class
- SHE-QD Class
- FU Class
- FHE Class
- FHE-QD Class
- RG Class
- RHG Class
- RHE Class
- IE Class
- IG Class
- IHG Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- RE Class
- IU Class
- IE Class
- IHE Class
- IHCA Class
- IHC Class
- IHG Class
- MU Class
- MHE Class
- OU Class
- ORHE Class
- AU Class
- AU-MD Class
- AE Class
- AHE Class
- AHE-MD Class
- AHC Class
- SU Class
- SHE Class
- SHE-MD Class
- SHG Class
- FU Class
- FHE Class
- FHE-MD Class
- RG Class
- RHG Class
- RHE Class
- RU Class
Management Fees
0.45%
0.45%
0.45%
0.45%
/
/
1.30%
1.30%
1.50%
1.50%
1.50%
1.50%
0.45%
0.45%
0.45%
0.45%
0.45%
0.40%
/
/
0.80%
0.80%
0.80%
0.80%
0.80%
1.00%
1.00%
0.45%
0.45%
0.45%
0.45%
0.45%
0.40%
0.40%
0.80%
0.80%
0.80%
0.80%
0.80%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.40%
/
/
0.80%
1.00%
1.00%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.45%
0.40%
0.40%
/
/
0.80%
0.80%
0.80%
0.80%
0.80%
0.80%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
0.45%
0.45%
0.45%
0.45%
Administration
Fees
Distribution
Fees
0.20%
0.20%
0.20%
0.30%
0.20%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.20%
0.20%
0.30%
0.30%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.20%
0.20%
0.20%
0.30%
0.20%
0.10%
0.30%
0.30%
0.30%
0.30%
0.20%
0.20%
0.20%
0.20%
0.20%
0.20%
0.30%
0.30%
0.20%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.60%
0.60%
0.60%
/
/
/
/
0.20%
0.20%
0.20%
0.40%
0.20%
0.10%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
/
/
305
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Bond Global*
Sub-funds Base
Currency
USD
Bond Global Inflation*
EUR
Bond Enhanced RMB*
USD
Other Share Classes
NAV Currencies
Emerging Markets Debts sub-funds
Bond Asian Local Debt*
USD
* A performance fee is added to some classes of shares of these sub-funds.
306
USD/EUR/GBP
EUR
EUR
GBP
GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
USD
EUR
EUR
USD/EUR/GBP
EUR
EUR
USD/EUR/GBP
EUR
EUR
USD
EUR
GBP
EUR/USD
USD
EUR/USD
SGD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR
USD
USD
EUR/USD
USD
EUR/USD
USD
GBP
GBP
EUR
USD
EUR
USD
EUR
USD
USD
USD
EUR
EUR
USD
USD
EUR
EUR
USD
EUR
EUR
USD
USD
EUR
USD
EUR
USD
USD
EUR
EUR
USD
USD
EUR
USD
EUR
EUR
EUR
GBP
Classes
of Shares
- IU Class
- IE-D Class
- IHE Class
- IG Class
- IHG Class
- MU Class
- MHE Class
- OU Class
- ORHE Class
- AU Class
- A2U Class
- AU-MD Class
- AE Class
- AHE-MD Class
- SU Class
- SHE Class
- SHE-MD Class
- FU Class
- FHE Class
- FHE-MD Class
- RU Class
- RHE Class
- RG Class
- IE Class
- IHU Class
- XE Class
- IHS Class
- ME Class
- OE Class
- OR Class
- AE Class
- AE-MD Class
- AU-MD Class
- AHU Class
- SE Class
- SHU Class
- FE Class
- FHU Class
- RG Class
- RHG Class
- RE Class
- IU Class
- IHE Class
- MU Class
- MHE Class
- OU Class
- AU Class
- AU-MD Class
- AHE Class
- AHE-MD Class
- A2U Class
- SU Class
- SHE Class
- SHE-MD Class
- FU Class
- FHE Class
- FHE-MD Class
- PU Class
- IU Class
- IHE Class
- MU Class
- MHE Class
- OU Class
- AU Class
- AHE Class
- AHE-MD Class
- A3U Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- FHE-MD Class
- RE Class
- RHG Class
Management Fees
0.45%
0.50%
0.45%
0.45%
0.45%
0.40%
0.40%
/
/
0.80%
0.80%
0.80%
0.80%
0.80%
1.00%
1.00%
1.00%
1.00%
1.00%
1.00%
0.45%
0.45%
0.45%
0.45%
0.45%
0.25%
0.45%
0.35%
/
/
0.75%
0.75%
0.75%
0.75%
0.95%
0.95%
0.95%
0.95%
0.45%
0.45%
0.45%
0.40%
0.40%
0.40%
0.40%
/
1.25%
1.25%
1.25%
1.25%
1.35%
1.45%
1.45%
1.45%
1.45%
1.45%
1.45%
0.80%
0.50%
0.50%
0.50%
0.50%
/
1.00%
1.00%
1.00%
1.10%
1.40%
1.40%
1.40%
1.40%
1.40%
0.50%
0.50%
Administration
Fees
Distribution
Fees
0.20%
0.20%
0.40%
0.40%
0.20%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
/
/
/
/
0.60%
0.60%
0.60%
/
/
0.20%
0.20%
0.20%
0.20%
0.20%
0.30%
0.30%
0.20%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.10%
0.10%
0.10%
0.10%
0.30%
0.10%
0.10%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.35%
0.20%
0.20%
0.40%
0.40%
0.20%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.30%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.60%
0.60%
0.60%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
0.40%
/
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Bond Emerging Inflation*
Sub-funds Base
Currency
USD
Bond Global Emerging*
USD
Bond Global Emerging
Corporate*
USD
MULTI ASSET SUB-FUND
Multi Asset Emerging
Markets*
Other Share Classes
NAV Currencies
USD
* A performance fee is added to some classes of shares of these sub-funds.
USD/EUR
EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
USD/EUR
USD
EUR
GBP
USD/EUR/GBP
EUR
GBP
GBP
USD/EUR
USD
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
USD
EUR
EUR
EUR
USD/EUR/GBP
EUR
EUR
USD/EUR/GBP
EUR
EUR
GBP
EUR
USD
GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
GBP
USD/EUR/GBP
EUR
USD/EUR/GBP
EUR
USD/EUR/GBP
USD
EUR
EUR
EUR
USD/EUR/GBP
EUR
EUR
USD/EUR/GBP
EUR
EUR
USD
GBP
EUR
USD
EUR
USD
USD
USD
EUR
USD
EUR
USD
EUR
USD
EUR
GBP
Classes
of Shares
- IU Class
- IE Class
- XU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- AE Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
- IU Class
- IHE Class
- IHG Class
- IG Class
- Institutional Class IV
- Institutional Class X
- MU Class
- MHE Class
- OU Class
- ORHE Class
- AU Class
- AU-MD Class
- A2U Class
- AE Class
- AHE Class
- AHE-MD Class
- SU Class
- SHE Class
- SHE-MD Class
- FU Class
- FHE Class
- FHE-MD Class
- RG Class
- RHE Class
- RU Class
- RHG Class
- IU Class
- IHE Class
- IE Class
- IHG Class
- MU Class
- MHE Class
- OU Class
- ORHE Class
- AU Class
- AU-MD Class
- AE Class
- AHE Class
- AHE-MD Class
- SU Class
- SHE Class
- SHE-MD Class
- FU Class
- FHE Class
- FHE-MD Class
- RU Class
- RHG Class
- RHE Class
- IU Class
- IHE Class
- MU Class
- OU Class
- AU Class
- AHE Class
- SU Class
- SHE Class
- FU Class
- FHE Class
- RU Class
- RHE Class
- RHG Class
Management Fees
0.55%
0.55%
0.35%
0.45%
/
/
1.40%
1.40%
1.60%
1.60%
0.55%
0.55%
0.55%
0.55%
0.55%
0.55%
0.55%
0.45%
0.70%
0.45%
0.45%
/
/
1.40%
1.40%
1.40%
1.40%
1.40%
1.40%
1.60%
1.60%
1.60%
1.60%
1.60%
1.60%
0.55%
0.55%
0.55%
0.55%
0.60%
0.60%
0.60%
0.60%
0.50%
0.50%
/
/
1.45%
1.45%
1.45%
1.45%
1.45%
1.65%
1.65%
1.65%
1.65%
1.65%
1.65%
0.60%
0.60%
0.60%
0.70%
0.70%
0.70%
/
1.50%
1.50%
1.80%
1.80%
1.80%
1.80%
0.70%
0.70%
0.70%
Administration
Fees
Distribution
Fees
0.40%
0.40%
0.50%
0.40%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
0.50%
/
/
/
/
/
/
/
/
0.40%
0.40%
/
/
/
0.20%
0.20%
0.20%
0.35%
0.20%
0.15%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.20%
0.20%
0.20%
0.20%
0.20%
0.25%
0.35%
0.35%
0.20%
0.15%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.20%
0.20%
0.20%
0.20%
0.35%
0.35%
0.20%
0.15%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
0.40%
/
/
/
307
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
INDEXED SUB-FUNDS
Indexed Equities sub-funds
Index Equity Emerging
Markets
Sub-funds Base
Currency
Other Share Classes
NAV Currencies
USD
USD
EUR
GBP
EUR
USD
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
GBP
EUR
EUR
EUR
EUR
EUR
GBP
EUR
USD
EUR
EUR
EUR
USD
USD
EUR
GBP
EUR
EUR
EUR
EUR
EUR
GBP
USD
EUR
GBP
EUR
USD
EUR
USD
EUR
EUR
Index Equity Euro
EUR
Index Equity Europe
EUR
Index Equity North
America
EUR
Index Equity Pacific
EUR
Index Equity World
USD
Indexed Bonds sub-fund
Index Global Bond (EUR)
Hedged
EUR
ABSOLUTE RETURN SUB-FUNDS
Absolute Forex sub-fund
Absolute Forex*
EUR
Absolute Bonds & Currencies sub-fund
Absolute Bonds &
EUR
Currencies*
* A performance fee is added to some classes of shares of these sub-funds.
308
EUR
EUR
EUR
EUR
EUR
GBP
EUR/USD
GBP
USD
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR/USD
EUR
GBP
EUR
USD
EUR
USD
EUR
EUR
USD
EUR
USD
EUR
USD
EUR
GBP
Classes
of Shares
Management Fees
Administration
Fees
Distribution
Fees
- IU Class
- IE Class
- IG Class
- ME Class
- OU Class
- OE Class
- AU Class
- AE Class
- RE Class
- IE Class
- ME Class
- OE Class
- AE Class
- RE Class
- RHG Class
- IE Class
- ME Class
- OE Class
- AE Class
- RE Class
- RHG Class
- IE Class
- IU-C Class
- ME Class
- OE Class
- AE Class
- AU-C Class
- RU Class
- RHE Class
- RHG Class
- IE Class
- ME Class
- OE Class
- AE Class
- RE Class
- RHG Class
- IU Class
- IE Class
- IG Class
- ME Class
- OU Class
- OE Class
- AU Class
- AE Class
- RE Class
0.10%
0.10%
0.10%
0.10%
/
/
0.30%
0.30%
0.10%
0.10%
0.10%
/
0.15%
0.10%
0.10%
0.10%
0.10%
/
0.15%
0.10%
0.10%
0.10%
0.10%
0.10%
/
0.15%
0.15%
0.10%
0.10%
0.10%
0.10%
0.10%
/
0.15%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
/
/
0.15%
0.15%
0.10%
0.10%
0.10%
0.10%
0.15%
0.10%
0.10%
0.15%
0.15%
0.15%
0.05%
0.10%
0.05%
0.15%
0.15%
0.15%
0.05%
0.10%
0.05%
0.15%
0.15%
0.15%
0.05%
0.05%
0.10%
0.05%
0.15%
0.15%
0.15%
0.15%
0.15%
0.10%
0.15%
0.10%
0.15%
0.15%
0.15%
0.10%
0.10%
0.10%
0.15%
0.10%
0.10%
0.15%
0.15%
0.15%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
- IE Class
- IHG Class
- IHU Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- Classic H Class
- FE Class
- RE Class
- RHG Class
0.30%
0.30%
0.30%
0.25%
/
/
0.50%
0.60%
0.80%
0.60%
0.30%
0.30%
0.10%
0.10%
0.10%
0.25%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
/
0.40 %
/
/
- IE Class
- ME Class
- OE Class
- AE Class
- RE Class
- RHG Class
- IE Class
- IHU Class
- ME Class
- MHU Class
- OE Class
- AE Class
- AHU Class
- SE Class
- SHU Class
- FE Class
- FHU Class
- RE Class
- RHG Class
0.10%
0.10%
/
0.20%
0.10%
0.10%
0.40%
0.40%
0.40%
0.40%
/
1.00%
1.00%
1.20%
1.20%
1.20%
1.20%
0.40%
0.40%
0.10%
0.15%
0.10%
0.15%
0.15%
0.15%
0.10%
0.10%
0.30%
0.30%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
/
/
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Sub-funds Base
Currency
Absolute Global Macro sub-funds
Absolute Global Macro 2*
EUR
Absolute Global Macro 4*
Other Share Classes
NAV Currencies
EUR
Absolute Equity Statistical Arbitrage sub-fund
Absolute Statistical
EUR
Arbitrage*
Absolute Equity Market Neutral sub-fund
Absolute Equity Market
EUR
Neutral*
Absolute High Yield sub-fund
Absolute High Yield*
EUR
Absolute Volatility Arbitrage sub-funds
Absolute Volatility
EUR
Arbitrage*
* A performance fee is added to some classes of shares of these sub-funds.
Classes
of Shares
Management Fees
Administration
Fees
Distribution
Fees
EUR
GBP
USD
EUR
EUR
EUR
EUR
GBP
USD
EUR
USD
EUR
EUR
USD
EUR
GBP
USD
EUR
GBP
EUR
EUR
EUR
EUR
USD
GBP
EUR
USD
EUR
EUR
USD
EUR
GBP
- IE Class
- IHG Class
- IHU Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHG Class
- AHU Class
- SE Class
- SHU Class
- Classic H Class
- FE Class
- FHU Class
- RE Class
- RHG Class
- IHU Class
- IE Class
- IHG Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHU Class
- AHG Class
- SE Class
- SHU Class
- Classic H Class
- FE Class
- FHU Class
- RE Class
- RHG Class
0.30%
0.30%
0.30%
0.25%
/
/
0.50%
0.50%
0.50%
0.60%
0.60%
0.80%
0.60%
0.60%
0.30%
0.30%
0.50%
0.50%
0.50%
0.40%
/
/
0.80%
0.80%
0.80%
0.90%
0.90%
1.10%
0.90%
0.90%
0.50%
0.50%
0.10%
0.10%
0.10%
0.25%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.10%
0.10%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
/
/
/
/
0.20%
0.20%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
/
/
EUR
USD
EUR
USD
EUR
EUR
USD
EUR
USD
EUR
USD
- IE Class
- IHU Class
- ME Class
- MHU Class
- OE Class
- AE Class
- AHU Class
- SE Class
- SHU Class
- FE Class
- FHU Class
0.55%
0.55%
0.60%
0.60%
/
1.10%
1.10%
1.50%
1.50%
1.50%
1.50%
0.20%
0.20%
0.30%
0.30%
0.20%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
/
0.40%
0.40%
EUR/USD
USD
EUR/USD
EUR/USD
EUR
EUR/USD
USD
EUR/USD
EUR/USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR/USD
GBP
EUR/USD
EUR/USD
EUR
EUR/USD
EUR/USD
EUR/USD
EUR
EUR
GBP
- IE Class
- IHU Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHU Class
- SE Class
- FE Class
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- Classic H Class
- FE Class
- IE Class
- IHG Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- Classic H Class
- FE Class
- RE Class
- RHG Class
0.60%
0.60%
0.60%
/
/
1.10%
1.10%
1.50%
1.50%
0.50%
0.40%
/
/
0.80%
0.90%
1.10%
0.90%
0.50%
0.50%
0.40%
/
/
0.80%
0.90%
1.10%
0.90%
0.50%
0.50%
0.20%
0.20%
0.30%
0.20%
0.11%
0.30%
0.30%
0.30%
0.30%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.10%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
0.40%
/
/
309
Notes to the Financial Statements as at 31/12/13
AMUNDI FUNDS
Absolute Volatility
Arbitrage Plus*
Sub-funds Base
Currency
EUR
Other Share Classes
NAV Currencies
Absolute Volatility Equities sub-funds
Absolute Volatility Euro
EUR
Equities*
Absolute Volatility World
Equities*
Absolute Dividend sub-fund
Absolute Global
Dividend*
CASH SUB-FUNDS
Cash EUR
USD
EUR
EUR
* A performance fee is added to some classes of shares of these sub-funds.
310
Classes
of Shares
EUR/USD
GBP
EUR/USD
EUR/USD
EUR
EUR/USD
GBP
EUR/USD
EUR
EUR
GBP
GBP
- IE Class
- IHG Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHG Class
- SE Class
- FE Class
- RE Class
- RG Class
- RHG Class
EUR
USD
EUR
EUR
EUR
EUR
USD
EUR
EUR
- IE Class
- IHU Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHU Class
- SE Class
- FE Class
EUR
CHF
GBP
GBP
EUR
EUR
EUR
EUR
CHF
GBP
EUR
EUR
EUR
GBP
GBP
EUR
EUR/USD
CHF
EUR
GBP
GBP
JPY
USD/EUR
USD/EUR
EUR
USD/EUR
EUR
CHF
SGD
EUR
GBP
USD/EUR
EUR
USD/EUR
USD
EUR
GBP
GBP
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
GBP
- IE Class
- IHC Class
- IHG0 Class
- IHG Class
- ME Class
- OE Class
- OR Class
- AE Class
- AHC Class
- AHG Class
- SE Class
- Classic H Class
- FE Class
- RG Class
- RHG Class
- RE Class
- IU Class
- IHC Class
- IHE Class
- IHG0 Class
- IHG Class
- IHJ Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- AE Class
- AHC Class
- AHS Class
- AHE Class
- AHG Class
- SU Class
- SHE Class
- Classic H Class
- FU Class
- FHE Class
- RG Class
- RHG Class
- RE Class
- RHE Class
- RU Class
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- RE Class
- RHG Class
Management Fees
0.70%
0.70%
0.60%
/
/
1.00%
1.00%
1.20%
1.20%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
/
/
1.20%
1.20%
1.20%
1.50%
1.80%
1.50%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
/
/
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.50%
1.50%
1.80%
1.50%
1.50%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
0.70%
/
/
1.20%
1.20%
1.50%
1.50%
0.10%
0.10%
/
/
0.30%
0.35%
0.30%
0.10%
0.10%
Administration
Fees
Distribution
Fees
0.10%
0.10%
0.10%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
0.40%
0.40%
/
/
/
/
/
0.10%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.30%
0.10%
0.10%
0.30%
0.10%
0.10%
0.30%
0.30%
0.30%
0.30%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
/
/
/
/
/
0.40%
/
/
/
/
/
/
0.20%
/
/
Notes to the Financial Statements as at 31/12/13
Sub-funds Base
Currency
Other Share Classes
NAV Currencies
MERGED SUB-FUNDS
Equity Global Alpha*,1
USD
Equity US Growth*,2
USD
Equity Europe
Restructuring*,3
EUR
USD/EUR
EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
USD/EUR
USD/EUR
EUR
USD/EUR
EUR
USD/EUR
EUR
EUR
USD/EUR
USD/EUR
EUR
AMUNDI FUNDS
Cash USD
1
2
3
USD
Classes
of Shares
USD
USD
USD
EUR
USD
EUR
USD
USD
USD
EUR
GBP
- IU Class
- MU Class
- OU Class
- ORHE Class
- AU Class
- AE Class
- SU Class
- FU Class
- RU Class
- RHE Class
- RHG Class
EUR
EUR
EUR
EUR
EUR
EUR
EUR
- IE Class
- ME Class
- OE Class
- OR Class
- AE Class
- SE Class
- FE Class
- IU Class
- IE Class
- MU Class
- OU Class
- AU Class
- AE Class
- SU Class
- FU Class
- IU Class
- IHE Class
- MU Class
- MHE Class
- AU Class
- AE Class
- AHE Class
- SU Class
- FU Class
- FHE Class
Management Fees
0.10%
0.10%
/
/
0.30%
0.30%
0.35%
0.30%
0.10%
0.10%
0.10%
0.70%
0.70%
0.70%
/
1.40%
1.40%
1.80%
1.80%
0.80%
0.80%
0.80%
0.80%
1.70%
1.70%
1.70%
2.10%
2.10%
2.10%
0.80%
0.70%
/
/
1.70%
2.10%
2.10%
The datas date until 15 November 2013 (excluded) because this sub-fund has been merged into Amundi Funds Equity Global Minimum Variance as at 15 November 2013.
The datas date until 17 September 2013 (excluded) because this sub-fund has been merged into Amundi Funds Equity US Concentrated Core as at 17 September 2013.
The datas date until 15 November 2013 (excluded) because this sub-fund has been merged into Amundi Funds Equity Europe Minimum Variance as at 15 November 2013.
Administration
Fees
Distribution
Fees
0.25%
0.25%
0.35%
0.25%
0.35%
0.35%
0.35%
0.35%
0.25%
0.25%
0.35%
0.35%
0.40%
0.40%
0.40%
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
1.00%
/
/
/
/
/
/
/
/
1.00%
1.00%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.10%
0.25%
0.35%
0.25%
0.11%
0.40%
0.40%
0.40%
/
/
/
/
/
/
/
0.20%
/
/
/
/
/
/
/
/
/
1.00%
* A performance fee is added to some classes of shares of these sub-funds.
311
Notes to the Financial Statements as at 31/12/13
5 TAXATION OF THE FUND - TAXE D’ABONNEMENT
The Fund is further liable in Luxembourg to a tax of 0.05% per annum in respect of the Equity sub-funds, Bond sub-funds, Indexed sub-funds and Absolute Return subfunds (except on investments by these sub-funds in other undertakings for collective investment established in Luxembourg for which no tax is applied) and of 0.01%
per annum in respect of the Money Market sub-funds, the M classes Category, the I classes Category (X classes are included in the Category I) and the O classes
Category of all the sub-funds (“Taxe d'Abonnement”), such tax being payable quarterly on the basis of the NAV of the Fund at the end of the relevant calendar quarter.
The benefit of the 0.01% per annum Taxe d'Abonnement is available to those Shareholders admitted in the M classes Category, the I classes Category (X classes are
included in the Category I) and the O classes Category on the basis of the Luxembourg legal, regulatory and tax provisions as these are known to the Fund at the time
of admission of an Investors in such class of shares. However, no guarantee can be given for the past and for the future and such assessment is subject to interpretations
on the status of an eligible Investors in the M classes Category, the I classes Category (X classes are included in the Category I) and the O classes Category by any
competent authorities as will exist from time to time. Any such reclassification made by an authority as to the status of an Investors may submit the entire class of shares
to a Taxe d'Abonnement rate of 0.05% per annum.
6 OTHER INCOME
Balances for other income in the Statement of Operations and Changes in Net Assets include mainly revenues from securities lending and recovery of provisions on
performance fees.
7 OTHER EXPENSES
Balances for other expenses in the Statement of Operations and Changes in Net Assets mainly include other taxes.
8 RECEPTION AND TRANSMISSION OF ORDERS FEES
Reception and transmission of orders fees are :
- paid to Amundi Intermediation or to Amundi London Branch, for their services rendered to sub-funds managed by Amundi which consist in centralizing orders and in
supporting their best execution.
- accrued daily and paid quarterly on the basis of the transactions handled by Amundi’s related parties.
Compared to an investment manager negotiating transactions on his own, the centralization of order enables namely to negotiate better prices with the brokers thanks
to an increase transactions volume, to have access to a larger number of brokers and to more market information, to benefit from the know-how of trading specialists
and dedicated trading controllers.
These fees are recorded under caption “Reception and transmission of orders fees” in the Statement of Operations and Changes in Net Assets.”
9 STATEMENT OF PORTFOLIO MOVEMENTS
Details of movements of securities in the portfolio for the financial period ending 31 December 2013 may be obtained free of charge on request from the Fund’s
registered office and the Hong Kong representative office.
The list of the portfolio changes can also be obtained free of charge at the Paying and Information Agent’s office in Germany and at the Representative’s office in
Switzerland.
10 DIVIDENDS
The Fund distributed the following dividends per share during the financial period under review:
Ex-date: 24 September 2013
Payment date: 27 September 2013
n
AE Class
Amundi Funds Equity Euro Select
Amundi Funds Equity Europe Select
Amundi Funds Equity Emerging Europe
Amundi Funds Equity Latin America
Amundi Funds Convertible Europe
Amundi Funds Convertible Global
Amundi Funds Bond Euro Aggregate
Amundi Funds Bond Euro Corporate
Amundi Funds Bond Euro Government
Amundi Funds Bond Euro Inflation
Amundi Funds Bond Euro High Yield
Amundi Funds Bond Global Corporate
Amundi Funds Bond Europe
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Inflation
Amundi Funds Bond Global Emerging
Amundi Funds Bond Global Emerging Corporate
Amundi Funds Index Equity Euro
Amundi Funds Index Equity Europe
312
1.56
1.13
0.39
0.43
0.52
0.00
2.41
0.24
2.27
0.57
0.55
2.68
3.15
0.58
3.41
0.27
3.07
1.78
2.09
2.92
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
Notes to the Financial Statements as at 31/12/13
Amundi Funds Index Equity North America
Amundi Funds Index Equity Pacific
Amundi Funds Index Global Bond (EUR) Hedged
Amundi Funds Absolute Global Macro 2
Amundi Funds Absolute Global Macro 4
Amundi Funds Absolute High Yield
Amundi Funds Cash EUR
2.17
3.14
3.20
0.47
0.34
2.01
0.07
EUR
EUR
EUR
EUR
EUR
EUR
EUR
n
AHU Class
Amundi Funds Absolute Global Macro 2
Amundi Funds Absolute Global Macro 4
0.56
0.37
USD
USD
n
AU Class
Amundi Funds Equity Global Luxury and Lifestyle
Amundi Funds Equity Brazil
Amundi Funds Equity Latin America
Amundi Funds Equity Thailand
Amundi Funds Bond Global Corporate
Amundi Funds Bond US Opportunistic Core Plus
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Emerging Inflation
Amundi Funds Bond Global Emerging
Amundi Funds Bond Global Emerging Corporate
0.04
0.96
2.92
0.52
2.27
0.74
0.04
0.49
1.34
0.46
1.96
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
n
A2E Class
Amundi Funds Bond Euro Inflation
0.03
EUR
n
A2U Class
Amundi Funds Equity ASEAN
Amundi Funds Equity Brazil
Amundi Funds Equity Greater China
Amundi Funds Equity Latin America
Amundi Funds Bond Global
0.06
0.66
2.75
3.10
0.16
USD
USD
USD
USD
USD
0.45
33.23
61.40
35.04
17.39
26.65
21.50
37.90
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
1.08
CAD
761.32
JPY
5.82
0.53
12.28
47.12
USD
USD
USD
USD
1.35
EUR
IE Class
n
Amundi Funds Convertible Europe
Amundi Funds Bond Euro Corporate
Amundi Funds Bond Euro High Yield
Amundi Funds Bond Global
Amundi Funds Index Equity Euro
Amundi Funds Index Equity Europe
Amundi Funds Index Equity North America
Amundi Funds Index Equity Pacific
n
IHCA Class
Amundi Funds Bond Global Aggregate
n
IJ Class
Amundi Funds Equity Japan Target
n
IU Class
Amundi Funds Equity US Relative Value
Amundi Funds Equity Emerging Internal Demand
Amundi Funds Bond US Opportunistic Core Plus
Amundi Funds Bond Global
n
Institutional (2) Class
Amundi Funds Bond Euro Corporate
Ex-date: 2 July 2013, 2 August 2013, 2 September 2013, 2 October 2013
Payment date: 8 July 2013, 7 August 2013, 9 September 2013, 7 October 2013
n
FHE-MD Class
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Emerging
0.33
0.20
0.35
EUR
EUR
EUR
313
Notes to the Financial Statements as at 31/12/13
n
Institutional (2) Class
Amundi Funds Equity Japan Value
Amundi Funds Equity Greater China
Amundi Funds Equity India
Amundi Funds Equity Korea
Amundi Funds Bond Euro Aggregate
Amundi Funds Bond Euro Corporate
Amundi Funds Bond Euro High Yield
10.00
0.27
0.10
15.00
6.00
0.53
0.80
JPY
USD
USD
JPY
EUR
EUR
EUR
SE-MD Class
n
Amundi Funds Bond Euro High Yield
0.33
EUR
n
SHE-MD Class
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Emerging
0.33
0.20
0.35
EUR
EUR
EUR
n
FHE-QD Class
Amundi Funds Bond US Opportunistic Core Plus
0.875
EUR
n
SHE-QD Class
Amundi Funds Bond US Opportunistic Core Plus
0.875
EUR
n
FHE-MD Class
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Emerging
0.33
0.22
0.32
EUR
EUR
EUR
n
FE-MD Class
Amundi Funds Bond Euro High Yield
Amundi Funds Bond Euro High Yield Short Term
0.33
0.25
EUR
EUR
n
Institutional (2) Class
Amundi Funds Equity Japan Value
Amundi Funds Equity Greater China
Amundi Funds Equity India
Amundi Funds Equity Korea
Amundi Funds Bond Euro Aggregate
Amundi Funds Bond Euro Corporate
Amundi Funds Bond Euro High Yield
10.00
0.27
0.10
15.00
6.00
0.53
0.80
JPY
USD
USD
JPY
EUR
EUR
EUR
n
SE-MD Class
Amundi Funds Bond Euro High Yield
0.33
EUR
n
SHE-MD Class
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Emerging
0.33
0.22
0.32
EUR
EUR
EUR
FE-MD Class
n
Amundi Funds Bond Euro High Yield
Amundi Funds Bond Euro High Yield Short Term
0.33
0.25
EUR
EUR
n
FHE-MD Class
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Emerging
Amundi Funds Bond Global Emerging Corporate
0.33
0.22
0.32
0.41
EUR
EUR
EUR
EUR
Ex-date: 2 July 2013, 2 October 2013
Payment date: 8 July 2013, 7 October 2013
Ex-date: 4 November 2013
Payment date: 7 November 2013
Ex-date: 2 December 2013
Payment date: 9 December 2013
314
Notes to the Financial Statements as at 31/12/13
n
Institutional (2) Class
Amundi Funds Equity Japan Value
Amundi Funds Equity Greater China
Amundi Funds Equity India
Amundi Funds Equity Korea
Amundi Funds Bond Euro Aggregate
Amundi Funds Bond Euro Corporate
Amundi Funds Bond Euro High Yield
10.00
0.27
0.10
15.00
6.00
0.53
0.80
JPY
USD
USD
JPY
EUR
EUR
EUR
SE-MD Class
n
Amundi Funds Bond Euro High Yield
Amundi Funds Bond Euro High Yield Short Term
0.33
0.25
EUR
EUR
n
SHE-MD Class
Amundi Funds Bond Global Aggregate
Amundi Funds Bond Global
Amundi Funds Bond Global Emerging
0.33
0.22
0.32
EUR
EUR
EUR
315
Notices and Reports
If required by the Law, notices to shareholders will be published in the Luxembourg “Mémorial”, the Luxemburger Wort and in such other newspapers as the Directors
may determine.
316
Additional Information
TRACKING ERROR
For the period ended 31 December 2013, the tracking error figures are as follows:
Sub-fund
Amundi Funds Index Equity Emerging Markets - IE ( C )1
Amundi Funds Index Equity Euro - IE ( C )
Amundi Funds Index Equity Europe - IE ( C )
Amundi Funds Index Equity North America - IE ( C )
Amundi Funds Index Equity Pacific - IE ( C )
Amundi Funds Index Equity World - IE ( C )2
Tracking error
0.25%
0.11%
0.08%
0.06%
0.16%
-
Target tracking error
under 0.50%
under 2%
under 2%
under 2%
under 2%
-
The effective tracking error is compliant with the sub-funds’ objective which is to maintain a very low tracking error.
1
2
Launched as at 13 December 2013.
Launched as at 16 December 2013.
317
Additional Information
The Total expense ratio (TER) is fixed as follows:
AMUNDI FUNDS
Equity Euroland Value
Equity Japan Target
Equity US Concentrated
Core
Equity US Relative Value
Equity Global Select
Equity Japan Value
318
Currency
EUR
CZK
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
JPY
JPY
EUR
JPY
EUR
JPY
JPY
EUR
JPY
JPY
EUR
JPY
EUR
EUR
USD
USD
EUR
USD
EUR
USD
USD
EUR
USD
USD
EUR
USD
EUR
EUR
EUR
CZK
USD
USD
EUR
USD
EUR
USD
USD
EUR
USD
USD
EUR
USD
EUR
EUR
USD
USD
USD
USD
EUR
USD
USD
EUR
USD
EUR
EUR
JPY
JPY
EUR
JPY
EUR
JPY
JPY
JPY
EUR
JPY
EUR
JPY
Classes
of Shares
- AE ( C )
- AHK ( C )
- FE ( C )
- IE ( C )
- IE ( D )*
- ME ( C )
- OE ( C )
- SE ( C )
- AE ( C )
- AE ( D )*
- AHE ( C )
- AJ ( C )
- AJ ( D )
- FHE ( C )
- FJ ( C )
- IHE ( C )
- IJ ( C )
- IJ ( D )
- MHE ( C )
- MJ ( C )
- RJ ( C )*
- SHE (C)
- SJ ( C )
- AE ( C )
- AHE ( C )
- AU ( C )
- AU ( D )
- FHE ( C )
- FU ( C )
- IHE ( C )
- IU ( C )
- IU ( D )
- MHE ( C )
- MU ( C )
- RU ( C )*
- SHE ( C )
- SU ( C )
- AE ( C )
- AE ( D )
- AHE ( C )
- AHK ( C )
- AU ( C )
- AU ( D )
- FHE ( C )
- FU ( C )
- IHE ( C )
- IU ( C )
- IU ( D )
- MHE ( C )
- MU ( C )
- RU ( C )*
- SHE ( C )
- SU ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- FU ( C )
- IE ( C )*
- IU ( C )
- OU ( C )
- SE ( C )
- SU ( C )
- AE ( C )
- AHE ( C )*
- AJ ( C )
- AJ ( D )
- FHE ( C )*
- FJ ( C )
- IHE ( C )*
- IJ ( C )
- I2 ( D )
- I9 ( C )
- MHE ( C )*
- MJ ( C )
- SHE ( C )*
- SJ ( C )
%
2.32%
2.33%
3.72%
1.22%
1.13%
1.23%
0.42%
2.74%
2.49%
2.45%
2.49%
2.47%
2.48%
3.90%
3.95%
1.18%
1.29%
1.32%
1.40%
1.38%
1.45%
2.92%
2.90%
2.21%
2.21%
2.21%
2.22%
3.61%
3.60%
1.11%
1.10%
1.13%
1.20%
1.23%
0.85%
2.62%
2.61%
2.18%
2.18%
2.16%
2.16%
2.16%
2.17%
3.56%
3.56%
0.97%
0.97%
0.97%
1.07%
1.08%
1.16%
2.58%
2.57%
1.93%
1.93%
1.92%
1.92%
1.93%
3.32%
1.12%
1.08%
0.41%
2.34%
2.32%
2.08%
2.04%
2.06%
2.07%
3.37%
3.46%
1.15%
1.18%
0.82%
0.68%
1.17%
1.17%
2.42%
2.46%
Additional Information
AMUNDI FUNDS
Equity Euro Select
Equity Europe Select
Equity Euroland Small
Cap
Equity Global Gold Mines
Equity Global Luxury
and Lifestyle
Equity Global Agriculture
Equity Global Resources
Equity ASEAN
Currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
EUR
USD
EUR
USD
USD
USD
USD
EUR
USD
EUR
EUR
USD
USD
USD
EUR
USD
USD
USD
USD
EUR
USD
EUR
EUR
USD
USD
USD
EUR
USD
EUR
USD
USD
USD
EUR
USD
EUR
USD
USD
USD
EUR
USD
USD
USD
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Classes
of Shares
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- A2U ( C )
- FHE (C)
- FU ( C )
- IE ( C )*
- IU ( C )
- MU ( C )
- OU ( C )
- RU ( C )*
- SHE ( C )
- SU ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- FHE ( C )
- FU ( C )
- MU ( C )
- OU ( C )
- RU ( C )*
- SHE ( C )
- SU ( C )
- AE ( C )
- AHE ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- FHE ( C )
- FU ( C )
- IHE ( C )
- IU ( C )
- MU ( C )
- OU ( C )
- SHE ( C )
- SU ( C )
- AE ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- FHE ( C )
- FU ( C )
- IU ( C )
- MU ( C )
- ORHE ( C )*
- SHE ( C )
- SU ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- A2U ( D )
- FU ( C )
- IU ( C )
- I4 ( C )
- I9 ( C )
- MU ( C )*
- SU ( C )
%
1.77%
1.76%
3.17%
0.99%
0.98%
0.33%
2.17%
1.78%
1.78%
3.18%
0.99%
0.99%
0.34%
2.18%
2.30%
2.30%
3.70%
1.20%
1.21%
0.41%
2.70%
2.41%
2.44%
2.41%
2.43%
3.85%
3.81%
1.43%
1.42%
1.42%
0.44%
1.53%
2.82%
2.83%
2.29%
2.29%
2.29%
2.30%
2.30%
3.69%
3.69%
1.30%
0.39%
1.52%
2.70%
2.70%
2.29%
2.34%
2.29%
2.29%
2.30%
3.70%
3.69%
1.31%
1.32%
1.30%
0.41%
2.70%
2.69%
2.37%
2.37%
2.38%
2.38%
3.80%
3.77%
1.40%
1.40%
0.38%
2.80%
2.77%
2.31%
2.32%
2.34%
2.33%
3.74%
1.37%
0.94%
0.79%
1.39%
2.74%
319
Additional Information
AMUNDI FUNDS
Equity Asia ex Japan
Equity Brazil
Equity Emerging Europe
Equity Emerging Internal
Demand
Equity Emerging World
Equity MENA
Equity Greater China
320
Currency
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
EUR
EUR
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
USD
USD
USD
EUR
USD
EUR
USD
USD
USD
USD
EUR
EUR
USD
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
Classes
of Shares
- AE ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- A2U ( D )
- FU ( C )
- IU ( C )
- MU ( C )
- SU ( C )
- XU ( C )
- AE ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- A2U ( D )
- FU ( C )
- IU ( C )
- MU ( C )
- RU ( C )*
- SU ( C )
- AE ( C )
- AE ( D )
- A2E ( C )
- FE ( C )
- IE ( C )
- ME ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- AHE ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- FU ( C )
- IU ( C )
- IU ( D )
- I4 ( C )
- MU ( C )
- OU ( C )
- SE ( C )
- SU ( C )
- XU ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- FU ( C )
- IE ( C )
- IU ( C )
- I8 ( C )
- MU ( C )
- O1 ( C )
- RU ( C )*
- RU ( D )*
- SU ( C )
- AE ( C )
- AHE ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- FHE ( C )
- FU ( C )
- IHE ( C )
- IU ( C )
- IU ( D )
- MU ( C )*
- OU ( C )
- RE ( C )*
- SHE ( C )
- SU ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- A2U ( D )
- FU ( C )
- IU ( C )
- I2 ( D )
- I4 ( C )
- I9 ( C )
- MU ( C )
- SU ( C )
- XU ( C )
%
2.33%
2.33%
2.33%
2.35%
2.35%
3.73%
1.40%
1.40%
2.73%
0.95%
2.44%
2.43%
2.44%
2.45%
2.45%
3.84%
1.50%
1.51%
1.66%
2.84%
2.48%
2.48%
2.49%
3.88%
1.54%
1.55%
2.88%
2.45%
2.48%
2.46%
2.46%
2.46%
2.46%
3.87%
1.54%
1.50%
0.74%
1.53%
0.49%
2.87%
2.88%
1.08%
2.40%
2.46%
2.39%
2.37%
2.41%
3.80%
1.46%
1.46%
1.40%
1.45%
0.36%
1.77%
1.80%
2.78%
2.47%
2.49%
2.50%
2.47%
2.48%
3.89%
3.89%
1.66%
1.63%
1.65%
1.73%
0.65%
1.69%
2.89%
2.89%
2.30%
2.28%
2.31%
2.31%
2.33%
2.34%
3.73%
1.35%
0.92%
0.92%
0.77%
1.38%
2.73%
0.93%
Additional Information
AMUNDI FUNDS
Equity India
Equity India Select
Equity India Infrastructure
Equity Korea
Equity Latin America
Equity Thailand
Equity Global Aqua
Equity Emerging
Anti-Benchmark
Equity Emerging Minimum
Variance
Equity Europe Minimum
Variance
Currency
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
USD
USD
USD
USD
USD
USD
USD
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
USD
USD
EUR
USD
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
Classes
of Shares
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- FU ( C )
- IU ( C )
- I2 ( D )
- I4 ( C )
- I9 ( C )
- MU ( C )
- SU ( C )
- AE ( C )
- AU ( C )
- AU ( D )
- FU ( C )
- IU ( C )
- IU ( D )
- I6 ( C )
- MU ( C )
- AU ( C )
- AU ( D )
- A2U ( C )
- FU ( C )
- IU ( C )
- I4 ( C )
- MU ( C )
- SU ( C )
- AE ( C )
- AU ( C )
- AU ( D )
- FU ( C )
- IU ( C )
- I2 ( D )
- I4 ( C )
- SU ( C )
- XU ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- A2U ( D )
- FU ( C )
- IU ( C )
- MU ( C )
- O1 ( C )
- SE ( C )
- SU ( C )
- RU ( C )*
- XU ( C )
- AU ( C )
- AU ( D )
- FU ( C )
- IU ( C )
- MU ( C )
- SU ( C )
- XU ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- SE ( C )
- I6 ( C )*
- AU ( C )*
- FU ( C )*
- IU ( C )*
- I8 ( C )*
- OU ( C )*
- SU ( C )*
- AE ( C )
- AE ( D )*
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )*
- SE ( C )
%
2.26%
2.27%
2.26%
2.30%
2.27%
3.66%
1.33%
0.88%
0.88%
0.73%
1.33%
2.66%
2.29%
2.29%
2.26%
3.69%
1.36%
1.35%
1.26%
1.35%
2.34%
2.36%
2.37%
3.76%
1.32%
0.96%
1.39%
2.75%
2.30%
2.59%
2.59%
3.99%
1.75%
1.19%
1.19%
2.98%
1.26%
2.31%
2.32%
2.30%
2.31%
2.32%
2.32%
3.71%
1.37%
1.37%
0.27%
2.71%
2.71%
1.51%
0.92%
2.21%
2.21%
3.63%
1.47%
1.47%
2.62%
0.96%
2.32%
2.33%
3.72%
1.34%
1.35%
2.72%
1.14%
2.30%
3.68%
1.34%
1.13%
0.43%
2.63%
1.92%
1.87%
3.32%
0.98%
0.99%
0.48%
2.31%
321
Additional Information
AMUNDI FUNDS
Equity Global Minimum
Variance
Equity World
Anti-Benchmark
Convertible Europe
Convertible Global
Bond Euro Aggregate
Bond Euro Corporate
Bond Euro Government
Bond Euro Inflation
Bond Euro High Yield
322
Currency
EUR
USD
USD
USD
EUR
USD
USD
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
Classes
of Shares
- AE ( C )*
- AU ( C )
- AU ( D )*
- FU ( C )
- IE ( C )
- IU ( C )*
- OU ( C )
- SU ( C )
- AE ( C )
- FE ( C )
- IE ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- IE ( D )
- ME ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- A2E ( C )
- FE ( C )
- IE ( C )
- IHU ( C )*
- SE ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- I2 ( D )
- ME ( C )
- OE ( C )*
- SE ( C )
- AE ( C )
- AE ( D )
- A2E ( C )
- FE ( C )
- IE ( C )
- IE ( D )
- I2 ( D )
- ME ( C )
- OE ( C )
- RE ( C )*
- RE ( D )*
- SE ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- A2E ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )
- RE ( C )*
- RE ( D )*
- SE ( C )
- XE ( C )
- AE ( C )
- AE ( D )
- A2E ( C )
- FE ( C )
- FE-MD ( D )*
- IE ( C )
- IE ( D )
- I2 ( D )
- ME ( C )
- OE ( C )
- RE ( C )*
- SE ( C )
- SE-MD ( D )
%
2.02%
1.90%
1.92%
3.26%
0.88%
1.04%
0.38%
2.20%
2.17%
3.62%
1.21%
2.62%
1.75%
1.75%
2.36%
0.91%
0.90%
0.96%
1.96%
1.82%
1.83%
1.82%
2.39%
0.95%
0.92%
2.02%
1.27%
1.25%
1.64%
0.66%
0.53%
0.77%
0.24%
1.45%
1.27%
1.26%
1.35%
1.67%
0.68%
0.67%
0.53%
0.81%
0.24%
0.92%
0.84%
1.46%
1.27%
1.30%
1.68%
0.64%
0.69%
0.24%
1.48%
1.21%
1.22%
1.22%
1.63%
0.63%
0.64%
0.20%
0.95%
0.95%
1.42%
0.43%
1.63%
1.63%
1.64%
2.23%
2.20%
0.84%
0.84%
0.69%
0.84%
0.29%
0.93%
1.83%
1.83%
Additional Information
AMUNDI FUNDS
Bond Euro High Yield
Short Term
Bond Global Corporate
Bond US Opportunistic
Core Plus
Bond Europe
Bond Global Aggregate
Currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
USD
EUR
USD
USD
USD
USD
EUR
EUR
USD
USD
EUR
EUR
USD
EUR
USD
USD
EUR
USD
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
EUR
EUR
USD
EUR
CHF
CAD
EUR
USD
USD
EUR
USD
USD
EUR
EUR
GBP
GBP
USD
USD
EUR
EUR
USD
Classes
of Shares
- AE ( C )
- FE ( C )
- FE-MD ( D )*
- IE ( C )
- IE ( D )*
- ME ( C )*
- OE ( C )*
- SE ( C )
- SE-MD ( D )*
- AE ( C )
- AE ( D )
- AHE ( C )
- AU ( C )
- AU ( D )
- FU ( C )
- IHE ( C )
- IU ( C )
- MU ( C )
- OU ( C )
- SU ( C )
- AE ( C )
- AHE ( C )
- AU ( C )
- AU ( D )
- FHE ( C )
- FHE-QD ( C )
- FU ( C )
- IHE ( C )
- IU ( C )
- IU ( D )*
- MHE ( C )
- MU ( C )
- SHE ( C )
- SHE-QD ( D )
- SU ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- RE ( C )*
- SE ( C )
- AE ( C )
- AE ( D )
- AHC ( C )*
- AHE ( C )
- AHE ( D )*
- AU ( C )
- AU ( D )
- FHE ( C )
- FHE-MD ( D )
- FU ( C )
- IE ( C )
- IHC ( C )*
- IHCA ( D )
- IHE ( C )
- IU ( C )
- IU ( D )
- MHE ( C )
- MU ( C )
- OU ( C )
- RHE ( C )
- RHE ( D )
- RHG ( C )*
- RHG ( D )*
- RU ( C )*
- RU ( D )*
- SHE ( C )
- SHE-MD ( D )
- SU ( C )
%
1.76%
2.36%
2.43%
0.66%
0.78%
0.88%
0.23%
1.96%
1.96%
1.36%
1.35%
1.42%
1.39%
1.37%
1.97%
0.78%
0.88%
0.90%
0.28%
1.58%
1.22%
1.22%
1.22%
1.23%
1.82%
1.83%
1.82%
0.68%
0.68%
0.68%
0.73%
0.74%
1.42%
1.43%
1.42%
1.28%
1.28%
1.89%
0.83%
0.85%
0.97%
1.49%
1.39%
1.39%
1.32%
1.33%
1.58%
1.38%
1.34%
2.19%
2.19%
2.19%
0.84%
0.75%
0.76%
0.80%
0.86%
0.80%
0.91%
0.96%
0.40%
1.03%
1.00%
0.96%
0.93%
0.92%
0.95%
1.59%
1.59%
1.60%
323
Additional Information
AMUNDI FUNDS
Bond Global
Bond Global Inflation
Bond Enhanced RMB
Bond Asian Local Debt
Bond Emerging Inflation
Bond Global Emerging
Bond Global Emerging
Corporate
324
Currency
EUR
EUR
USD
USD
USD
USD
EUR
EUR
USD
EUR
USD
USD
EUR
USD
USD
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
EUR
EUR
USD
USD
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
EUR
USD
USD
USD
EUR
EUR
USD
USD
USD
EUR
EUR
USD
USD
USD
USD
EUR
USD
USD
EUR
EUR
USD
EUR
EUR
EUR
USD
USD
EUR
EUR
USD
EUR
USD
USD
EUR
EUR
USD
Classes
of Shares
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- A2U ( D )
- FHE ( C )
- FHE-MD ( D )
- FU ( C )
- IE-D ( D )
- IU ( C )
- IU ( D )
- MHE ( C )
- MU ( C )
- OU ( C )
- SHE ( C )
- SHE-MD ( D )
- SU ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- OE ( C )*
- RE ( C )*
- RE ( D )*
- SE ( C )
- SHU ( C )*
- AU ( C )*
- FHE ( C )*
- FHE ( D )*
- IU ( C )*
- PU ( C )*
- SHE ( C )*
- SHE-MD (D)*
- SU ( C )*
- AU ( C )*
- IU ( C )*
- SU ( C )*
- AU ( C )
- AU ( D )
- FU ( C )
- IE ( C )
- IU ( C )
- OU ( C )*
- SU ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- AU ( D )
- A2U ( C )
- FHE ( C )
- FHE-MD ( D )
- FU ( C )
- IU ( C )
- IU ( D )*
- I10 ( C )
- MHE ( C )
- MU ( C )
- OU ( C )
- SHE ( C )
- SHE-MD ( D )
- SU ( C )
- AE ( C )*
- AE ( D )
- AHE ( C )
- AU ( C )
- AU ( D )
- FHE ( C )
- FHE-MD ( D )*
- FU ( C )
- IHE ( C )
- IU ( C )
- OU ( C )
- SHE ( C )
- SHE-MD ( D )*
- SU ( C )
%
1.33%
1.30%
1.33%
1.32%
1.33%
1.26%
2.13%
2.13%
2.14%
0.78%
0.80%
0.80%
0.86%
0.85%
0.34%
1.53%
1.52%
1.54%
1.23%
1.22%
1.82%
0.64%
0.74%
0.18%
0.95%
0.94%
1.43%
1.44%
1.71%
2.31%
2.30%
0.62%
1.18%
1.91%
1.91%
1.90%
1.55%
0.80%
1.92%
1.95%
1.95%
2.55%
0.86%
0.86%
0.32%
2.15%
2.08%
2.08%
2.12%
2.09%
2.06%
2.65%
2.67%
2.68%
1.04%
0.83%
1.03%
1.08%
1.10%
0.33%
2.25%
2.25%
2.29%
1.93%
2.05%
2.13%
2.05%
2.06%
2.65%
2.46%
2.54%
0.92%
1.11%
0.33%
2.24%
2.12%
2.21%
Additional Information
AMUNDI FUNDS
Multi Asset Emerging
Markets
Index Equity Emerging
Markets
Index Equity Euro
Index Equity Europe
Index Equity North
America
Index Equity Pacific
Index Equity World
Index Global Bond (EUR)
Hedged
Absolute Forex
Absolute Bonds &
Currencies
Absolute Global Macro 2
Absolute Global Macro 4
Currency
EUR
USD
EUR
USD
EUR
USD
USD
EUR
USD
USD
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
GBP
USD
USD
EUR
USD
EUR
EUR
GBP
EUR
EUR
USD
EUR
EUR
USD
USD
EUR
EUR
EUR
USD
EUR
EUR
EUR
USD
Classes
of Shares
- AHE ( C )
- AU ( C )
- FHE ( C )
- FU ( C )
- IHE ( C )
- IU ( C )
- OU ( C )
- SHE ( C )
- SU ( C )
- AU ( C )*
- IE ( C )*
- IU ( C )*
- AE ( C )
- AE ( D )
- IE ( C )
- IE ( D )
- ME ( C )
- OE ( C )
- AE ( C )
- AE ( D )
- IE ( C )
- IE ( D )
- ME ( C )
- OE ( C )
- AE ( C )
- AE ( D )
- AU ( C )
- IE ( C )
- IE ( D )
- IU ( C )
- ME ( C )
- OE ( C )
- AE ( C )
- AE ( D )
- IE ( C )
- IE ( D )
- ME ( C )
- OE ( C )
- AU ( C )*
- IE ( C )*
- AE ( C )
- AE ( D )
- IE ( C )
- ME ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- Classic H ( C )
- IE ( C )
- ME ( C )
- SE ( C )
- AE ( C )*
- IE ( C )*
- SE ( C )*
- AE ( C )
- AE ( D )
- AHG ( C )
- AHU ( C )
- AHU ( D )
- FE ( C )
- FHU ( C )
- Classic H ( C )
- IE ( C )
- IHG ( C )
- ME ( C )
- SE ( C )
- SHU ( C )
- AE ( C )
- AE ( D )
- AHU ( C )
- AHU ( D )
- FE ( C )
- Classic H ( C )
- IE ( C )
- IHU ( C )
- ME ( C )
- OE ( C )*
- SE ( C )
- SHU ( C )
%
2.28%
2.28%
3.07%
2.99%
1.35%
1.34%
0.66%
2.59%
2.60%
0.45%
0.18%
0.18%
0.44%
0.43%
0.25%
0.25%
0.30%
0.15%
0.43%
0.45%
0.23%
0.24%
0.28%
0.14%
0.38%
0.36%
0.38%
0.19%
0.19%
0.19%
0.24%
0.09%
0.41%
0.39%
0.27%
0.27%
0.32%
0.17%
0.33%
0.20%
0.46%
0.46%
0.27%
0.32%
1.01%
0.98%
1.51%
1.22%
0.57%
0.64%
1.11%
1.37%
0.48%
1.51%
0.92%
0.92%
0.92%
0.92%
0.88%
1.22%
1.23%
1.22%
0.48%
0.50%
0.58%
1.02%
1.02%
1.19%
1.19%
1.19%
1.18%
1.64%
1.49%
0.62%
0.65%
0.74%
0.17%
1.29%
1.29%
325
Additional Information
AMUNDI FUNDS
Absolute Statistical
Arbitrage
Absolute Equity Market
Neutral
Absolute High Yield
Absolute Volatility Arbitrage
Absolute Volatility Arbitrage
Plus
Absolute Volatility Euro
Equities
Absolute Volatility World
Equities
326
Currency
EUR
USD
EUR
EUR
EUR
USD
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
CHF
GBP
EUR
EUR
EUR
EUR
CHF
GBP
GBP
EUR
EUR
EUR
EUR
EUR
EUR
CHF
EUR
EUR
GBP
GBP
SGD
SGD
USD
USD
EUR
USD
USD
CHF
EUR
GBP
GBP
GBP
JPY
USD
USD
USD
USD
GBP
EUR
USD
EUR
USD
Classes
of Shares
- AE ( C )
- AHU ( C )
- FE ( C )
- IE ( C )
- IE ( D )
- IHU ( C )
- ME ( C )
- SE ( C )
- AE ( C )*
- IE ( C )*
- SE ( C )*
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- ME ( C )
- SE ( C )
- AE ( C )
- AE ( D )
- FE ( C )
- Classic H ( C )
- IE ( C )
- ME ( C )
- OE ( C )
- OR ( C )*
- SE ( C )
- AE ( C )
- FE ( C )
- IE ( C )
- IE ( D )
- ME ( C )
- OE ( C )*
- SE ( C )
- AE ( C )
- AE ( D )
- AHC ( C )
- AHG ( D )
- FE ( C )
- Classic H ( C )
- IE ( C )
- IE ( D )
- IHC ( C )
- IHG ( D )
- IHG0 ( D )
- ME ( C )
- OE ( C )
- RE ( C )*
- SE ( C )
- AE ( C )
- AE ( D )
- AHC ( C )
- AHE ( C )
- AHE ( D )
- AHG ( C )
- AHG ( D )
- AHS ( C )
- AHS ( D )
- AU ( C )
- AU ( D )
- FHE ( C )
- FU ( C )
- Classic H ( C )
- IHC ( C )
- IHE ( C )
- IHG ( C )
- IHG ( D )
- IHG0 ( D )
- IHJ ( C )
- IU ( C )
- IU ( D )
- MU ( C )
- OU ( C )
- RG ( C )
- RHE ( C )*
- RU ( C )
- SHE ( C )
- SU ( C )
%
1.53%
1.58%
2.31%
0.89%
0.89%
0.96%
1.04%
1.94%
1.57%
0.84%
1.97%
1.20%
1.20%
1.70%
0.66%
0.76%
1.30%
1.37%
1.37%
1.87%
1.67%
0.82%
0.94%
0.44%
0.37%
1.47%
1.58%
2.12%
1.04%
1.07%
1.09%
0.22%
1.70%
1.57%
1.58%
1.57%
1.58%
2.28%
2.17%
0.84%
0.84%
0.84%
0.84%
0.84%
1.04%
0.14%
1.08%
1.88%
1.60%
1.61%
1.61%
1.61%
1.59%
1.62%
1.61%
1.62%
1.60%
1.61%
1.62%
2.31%
2.30%
2.20%
0.87%
0.87%
0.87%
0.87%
0.86%
0.87%
0.87%
0.86%
1.07%
0.19%
1.11%
1.13%
1.15%
1.87%
1.86%
Additional Information
AMUNDI FUNDS
Absolute Global Dividend
Cash EUR
Cash USD
Currency
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
EUR
USD
USD
USD
USD
USD
USD
USD
Classes
of Shares
- AE ( C )*
- FE ( C )*
- IE ( C )
- ME ( C )*
- OE ( C )*
- SE ( C )*
- AE ( C )
- AE ( D )
- FE ( C )
- IE ( C )
- IE ( D )*
- ME ( C )
- OE ( C )
- SE ( C )
- AU ( C )
- AU ( D )
- FU ( C )
- IU ( C )
- MU ( C )
- OU ( C )*
- SU ( C )
%
1.55%
2.25%
0.82%
1.01%
0.11%
1.85%
0.39%
0.40%
0.43%
0.25%
0.25%
0.25%
0.15%
0.39%
0.19%
0.19%
0.19%
0.19%
0.19%
0.13%
0.19%
* In certain cases (when a sub-fund has been taken over, liquidated, or launched within the last 12 months, when any class of shares has been launched or liquidated
within the last 12 months, when the assets under management for any class of shares have increased or reduced significantly within the last 12 months, or when there
are few assets under management for any class) the Total Expense Ratios calculated on an annual basis (reference period of 12 months) may not be representative
of the true value.
327
Additional Information
HISTORICAL DATA (expressed in currencies of the classes)
Here are the highest issue prices and the lowest redemption prices of the shares over the last 10 financial years, or if the sub-fund has not been in existence during
the whole period, over the whole period in which it has been in existence.
Important variation can appear over time in the value of one class of share, due to a corporate action.
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Equity Euroland Value - AE ( C )
Amundi Funds Equity Euroland Value - AHK ( C )
93.54
Highest
Price
114.47
Lowest
Price
78.61
Highest
Price
102.10
Lowest
Price
71.65
Highest
Price
102.46
Lowest
Price
94.17
Highest
Price
117.55
2,751.83
1,916.70
2,465.45
1,776.32
2,557.48
1,810.78
2,534.37
Amundi Funds Equity Euroland Value - IE ( C )
956.40
1,176.58
795.55
1,042.55
718.45
1,024.95
970.54
1,262.99
Amundi Funds Equity Euroland Value - ME ( C )
95.64
117.65
79.55
104.25
71.84
102.49
97.05
Amundi Funds Equity Euroland Value - IE ( D )
Amundi Funds Equity Euroland Value - OE ( C )
90.92
991.69
110.50
1,076.04
77.43
916.99
99.40
1,188.76
71.40
913.56
102.43
1,106.74
972.03
1,200.56
802.48
1,058.61
719.89
1,025.39
97.00
105.82
92.25
104.26
80.09
105.08
Amundi Funds Equity Global Alpha - AU ( D )1
105.11
117.96
100.39
111.03
Amundi Funds Equity Global Alpha - IU ( C )1
894.45
1,006.85
815.11
943.88
738.53
1,048.29
Amundi Funds Equity Global Alpha - SU ( C )1
88.93
99.65
81.99
93.98
75.08
106.60
Amundi Funds Equity Euroland Value - SE ( C )
Amundi Funds Equity Global Alpha - AE ( C )1
Amundi Funds Equity Global Alpha - AU ( C )1
Amundi Funds Equity Global Alpha - FU ( C )1
Amundi Funds Equity Global Alpha - OU ( C )1
Amundi Funds Equity Japan Target - AE ( C )
Amundi Funds Equity Japan Target - AE ( D )
Amundi Funds Equity Japan Target - AHE ( C )
Amundi Funds Equity Japan Target - AJ ( C )
Amundi Funds Equity Japan Target - AJ ( D )
Amundi Funds Equity Japan Target - FHE ( C )
Amundi Funds Equity Japan Target - FJ ( C )
Amundi Funds Equity Japan Target - IHE ( C )
Amundi Funds Equity Japan Target - IJ ( C )
Amundi Funds Equity Japan Target - IJ ( D )
Amundi Funds Equity Japan Target - MHE ( C )
93.06
87.90
85.45
113.66
98.64
95.39
116.60
126.30
127.49
150.88
99.98
108.22
12,988.18 15,410.99
10,918.45 12,957.97
123.80
145.81
1,095.24
1,300.46
12,542.77 14,799.98
108.41
128.66
Amundi Funds Equity Japan Target - RJ ( C )
9,678.74 11,512.65
Amundi Funds Equity Japan Target - SJ ( C )
12,460.86 14,768.44
103.35
122.13
132.81
150.83
Amundi Funds Equity US Concentrated Core - AHE ( C )
116.95
Amundi Funds Equity US Concentrated Core - AU ( D )
120.04
Amundi Funds Equity US Concentrated Core - AE ( C )
Amundi Funds Equity US Concentrated Core - AE ( D )
Amundi Funds Equity US Concentrated Core - AU ( C )
Amundi Funds Equity US Concentrated Core - FHE ( C )
80.74
79.52
101.62
92.85
90.41
101.50
126.99
88.27
142.33
8,880.84 14,435.50
7,463.53 12,131.68
86.65
138.62
750.60
1,217.89
8,738.90 14,085.61
71.78
73.67
73.39
739.91
96.94
8,245.48
86.64
794.48
119.87
74.36
120.66
8,971.35 14,679.47
71.89
115.40
120.85
142.15
139.94
101.58
123.26
144.11
103.57
126.41
143.92
8,553.22 13,868.87
103.42
74.89
101.93
24.83
98.50
102.38
146.07
985.17
1,692.98
100.04
102.04
54.44
102.72
99.99
102.67
67.99
1,024.18
1,358.07 10,279.41
8,445.95 10,828.90
76.47
103.32
88.57
114.99
15.70
103.64
116.54
86.48
88.78
88.77
1,287.74
889.24
119.83
Amundi Funds Equity US Concentrated Core - MU ( C )
122.17
Amundi Funds Equity US Concentrated Core - SHE ( C )
105.49
97.79
112.73
116.39
Amundi Funds Equity US Growth - AHE ( C )2
102.29
Amundi Funds Equity US Growth - AU ( D )2
104.93
104.91
99.54
102.07
1,469.98
143.60
147.36
101.79
1,040.24
103.75
104.40
125.98
92.35
127.56
135.07
114.55
117.54
1,280.58
126.16
128.50
88.46
88.57
889.62
90.25
88.91
111.38
92.23
96.00
122.25
81.86
84.11
108.49
97.65
82.54
116.79
84.06
114.02
82.91
111.15
122.80
81.45
118.77
105.84
108.53
103.17
105.72
8,210.09 102,842.28
127.52
99.81
1,045.20
1,217.70
101.75
9,871.91 12,638.01
88.93
1,478.46
Amundi Funds Equity US Growth - FU ( C )2
1,015.81
79.46
1,224.48
Amundi Funds Equity US Growth - FHE ( C )2
126.28
92.95
76.46
8,380.97 10,271.00
Amundi Funds Equity US Concentrated Core - IU ( D )
138.79
119.75
81.84
90,457.45 104,545.61
888.23
116.41
99.81
126.24
78.73
1,254.77
Amundi Funds Equity US Growth - AU ( C )2
825.84
8,695.56 10,698.36
1,025.35
Amundi Funds Equity US Growth - AE ( C )2
105.16
8,681.54 10,590.43
1,434.59
Amundi Funds Equity US Concentrated Core - SU ( C )
114.16
7,924.94
1,192.30
Amundi Funds Equity US Concentrated Core - RU ( C )
1,051.44
106.54
Amundi Funds Equity US Concentrated Core - IHE ( C )
Amundi Funds Equity US Concentrated Core - MHE ( C )
104.66
87.11
134.71
Amundi Funds Equity US Concentrated Core - IU ( C )
104.77
8,723.36 10,682.47
113.41
Amundi Funds Equity US Concentrated Core - FU ( C )
99.15
110.88
111,729.77 132,270.23 75,602.19 123,796.98 80,013.54 83,258.46
13,251.21 15,786.79
Amundi Funds Equity Japan Target - SHE ( C )
78.51
89.38
133,043.73 158,520.20 89,994.28 147,345.40 87,361.22 107,485.52 98,837.30 126,531.45
Amundi Funds Equity Japan Target - MJ ( C )
Amundi Funds Equity Japan Target - OJ ( C )
106.23
116.41
113.55
1,156.38
991.13
1,037.07
1,172.11
922.31
1,274.72
115.23
1,168.76
117.01
117.12
94.91
991.04
99.10
128.96
1,550.71
155.43
95.15
76.82
107.75
77.33
107.87
77.14
118.49
161.19
110.20
76.77
103.78
99.21
84.41
77.38
20.34
111.35
87.66
107.79
28.91
107.69
107.74
110.25
19.64
103.67
99.25
160.20
90.98
99.23
103.73
126.28
187.10
Amundi Funds Equity US Growth - IHE ( C )2
1,049.39
1,177.99
838.14
1,084.36
769.91
1,077.88
992.38
1,484.79
Amundi Funds Equity US Growth - IU ( D )2
1,073.52
1,205.55
851.82
1,108.77
776.69
1,081.05
992.47
1,696.91
Amundi Funds Equity US Growth - IU ( C )2
Amundi Funds Equity US Growth - MHE ( C )2
Amundi Funds Equity US Growth - MU ( C )2
2
Lowest
Price
2,256.25
Amundi Funds Equity Euroland Value - FE ( C )
1
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Amundi Funds Equity US Growth - SU ( C )2
This sub-fund has been merged as at 15 November 2013.
This sub-fund has been merged as at 17 September 2013.
328
1,073.80
112.75
100.12
1,205.82
125.67
111.63
851.98
90.23
85.13
80.57
1,109.05
116.49
97.86
103.58
776.95
83.38
77.69
74.50
1,078.37
108.55
107.83
101.87
992.47
99.25
2,232.01
221.73
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Equity Euroland Value - AE ( C )
Amundi Funds Equity Euroland Value - AHK ( C )
Amundi Funds Equity Euroland Value - FE ( C )
Amundi Funds Equity Euroland Value - IE ( C )
Amundi Funds Equity Euroland Value - IE ( D )
Amundi Funds Equity Euroland Value - ME ( C )
Amundi Funds Equity Euroland Value - OE ( C )
Amundi Funds Equity Euroland Value - SE ( C )
Amundi Funds Equity Global Alpha - AE ( C )1
Amundi Funds Equity Global Alpha - AU ( C )1
Amundi Funds Equity Global Alpha - AU ( D )1
Amundi Funds Equity Global Alpha - FU ( C )1
Amundi Funds Equity Global Alpha - IU ( C )1
Amundi Funds Equity Global Alpha - OU ( C )1
Amundi Funds Equity Global Alpha - SU ( C )1
Amundi Funds Equity Japan Target - AE ( C )
Amundi Funds Equity Japan Target - AE ( D )
Amundi Funds Equity Japan Target - AHE ( C )
Amundi Funds Equity Japan Target - AJ ( C )
Amundi Funds Equity Japan Target - AJ ( D )
Amundi Funds Equity Japan Target - FHE ( C )
Amundi Funds Equity Japan Target - FJ ( C )
Amundi Funds Equity Japan Target - IHE ( C )
Amundi Funds Equity Japan Target - IJ ( C )
Amundi Funds Equity Japan Target - IJ ( D )
Amundi Funds Equity Japan Target - MHE ( C )
Amundi Funds Equity Japan Target - MJ ( C )
Amundi Funds Equity Japan Target - OJ ( C )
Amundi Funds Equity Japan Target - RJ ( C )
Amundi Funds Equity Japan Target - SHE ( C )
Amundi Funds Equity Japan Target - SJ ( C )
Amundi Funds Equity US Concentrated Core - AE ( C )
Amundi Funds Equity US Concentrated Core - AE ( D )
Amundi Funds Equity US Concentrated Core - AHE ( C )
Amundi Funds Equity US Concentrated Core - AU ( C )
Amundi Funds Equity US Concentrated Core - AU ( D )
Amundi Funds Equity US Concentrated Core - FHE ( C )
Amundi Funds Equity US Concentrated Core - FU ( C )
Amundi Funds Equity US Concentrated Core - IHE ( C )
Amundi Funds Equity US Concentrated Core - IU ( C )
Amundi Funds Equity US Concentrated Core - IU ( D )
Amundi Funds Equity US Concentrated Core - MHE ( C )
Amundi Funds Equity US Concentrated Core - MU ( C )
Amundi Funds Equity US Concentrated Core - RU ( C )
Amundi Funds Equity US Concentrated Core - SHE ( C )
Amundi Funds Equity US Concentrated Core - SU ( C )
Amundi Funds Equity US Growth - AE ( C )2
Amundi Funds Equity US Growth - AHE ( C )2
Amundi Funds Equity US Growth - AU ( C )2
Amundi Funds Equity US Growth - AU ( D )2
Amundi Funds Equity US Growth - FHE ( C )2
Amundi Funds Equity US Growth - FU ( C )2
Amundi Funds Equity US Growth - IHE ( C )2
Amundi Funds Equity US Growth - IU ( C )2
Amundi Funds Equity US Growth - IU ( D )2
Amundi Funds Equity US Growth - MHE ( C )2
Amundi Funds Equity US Growth - MU ( C )2
1
2
Amundi Funds Equity US Growth - SU ( C )2
This sub-fund has been merged as at 15 November 2013.
This sub-fund has been merged as at 17 September 2013.
329
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Equity US Relative Value - AE ( C )
Amundi Funds Equity US Relative Value - AE ( D )
Amundi Funds Equity US Relative Value - AHE ( C )
Amundi Funds Equity US Relative Value - AHK ( C )
Amundi Funds Equity US Relative Value - AU ( C )
Amundi Funds Equity US Relative Value - AU ( D )
Amundi Funds Equity US Relative Value - FHE ( C )
Amundi Funds Equity US Relative Value - FU ( C )
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
138.38
107.07
124.15
Highest
Price
153.63
118.87
142.81
Lowest
Price
113.32
98.69
95.04
Highest
Price
147.80
114.42
128.55
Lowest
Price
82.97
77.52
Highest
Price
116.60
104.69
Lowest
Price
64.62
20.04
2,317.73
3,121.86
1,913.23
2,610.95
1,771.24
2,556.90
126.49
145.70
96.67
130.81
78.02
105.98
74.58
104.67
120.76
123.76
146.68
137.83
141.58
96.69
93.61
95.27
131.71
125.20
128.22
78.02
77.17
77.72
105.98
104.62
104.88
18.46
95.19
983.98
1,419.93
961.60
1,310.08
777.58
1,052.70
983.64
Amundi Funds Equity US Relative Value - IU ( D )
1,297.30
1,496.13
979.02
1,341.02
782.80
1,069.10
767.99
Amundi Funds Equity US Relative Value - MHE ( C )
Amundi Funds Equity US Relative Value - MU ( C )
Amundi Funds Equity US Relative Value - OHE ( C )
Amundi Funds Equity US Relative Value - OU ( C )
Amundi Funds Equity US Relative Value - RU ( C )
126.23
129.73
124.20
142.76
Amundi Funds Equity Global Select - AE ( C )
107.39
Amundi Funds Equity Global Select - AU ( C )
Amundi Funds Equity Global Select - AU ( D )
Amundi Funds Equity Global Select - A2U ( C )
Amundi Funds Equity Global Select - FU ( C )
Amundi Funds Equity Global Select - IU ( C )
150.22
103.47
121.95
Amundi Funds Equity Global Select - AE ( D )
145.77
98.60
Amundi Funds Equity US Relative Value - SHE ( C )
Amundi Funds Equity US Relative Value - SU ( C )
1,508.90
107.65
8.39
8.12
8.39
94.09
979.01
96.72
97.81
1,345.27
130.57
134.02
782.80
78.27
78.26
1,069.10
105.94
106.84
778.90
1,047.41
782.00
1,048.23
139.89
94.53
126.29
77.29
103.98
116.46
99.52
115.29
85.61
105.91
116.74
9.58
9.27
9.58
106.70
95.44
99.78
7.40
7.16
8.14
84.06
128.50
115.57
8.88
8.59
8.87
99.71
77.30
96.46
6.86
6.63
79.93
98.37
98.40
Highest
Price
131.84
1,184.03
1,463.60
1,302.40
Lowest
Price
102.55
98.38
1,266.78
Highest
Price
102.49
3,442.56
127.34
Lowest
Price
102.09
3,009.76
Amundi Funds Equity US Relative Value - IHE ( C )
Amundi Funds Equity US Relative Value - IU ( C )
Highest
Price
1,534.68
1,080.49
152.98
152.39
113.46
1,025.06
6.59
8.96
5.70
7.62
4.44
8.68
730.75
982.59
564.74
1,110.61
125.65
1,025.95
104.74
105.59
8.88
8.60
103.84
6.38
8.67
5.53
7.38
4.31
8.68
1,174.15
1,346.32
1,026.99
1,240.98
945.30
1,220.17
829.30
1,232.17
Amundi Funds Equity Global Select - SE ( C )
103.09
111.69
95.82
110.80
82.83
102.25
93.87
103.20
Amundi Funds Equity Japan Value - AE ( C )
118.47
130.96
101.54
137.01
92.34
112.14
99.72
102.00
8.59
5.51
7.34
4.30
8.41
Amundi Funds Equity Japan Value - AJ ( C )
8,096.00
9,487.00
5,283.00
9,525.00
5,079.00
6,489.00
5,447.00
7,006.00
5,657.00
7,254.00
4,493.00
8,366.00
Amundi Funds Equity Global Select - OU ( C )
Amundi Funds Equity Global Select - SU ( C )
Amundi Funds Equity Japan Value - AHE ( C )
Amundi Funds Equity Japan Value - AJ ( D )
Amundi Funds Equity Japan Value - FJ ( C )
Amundi Funds Equity Japan Value - IHE ( C )
Amundi Funds Equity Japan Value - IJ ( C )
Amundi Funds Equity Japan Value - I2 ( D )
Amundi Funds Equity Japan Value - I9 ( C )
Amundi Funds Equity Japan Value - MHE ( C )
Amundi Funds Equity Japan Value - MJ ( C )
Amundi Funds Equity Japan Value - SHE ( C )
7.98
97.91
9.09
104.06
13,532.00 15,857.00
12,913.00 15,062.00
102.82
7.06
121.20
8.45
8,849.00 15,923.00
8,557.00 15,254.00
99.77
6.57
115.46
8.52
8,507.00 10,869.00
8,304.00 10,559.00
6.34
9,123.00 11,735.00
9,965.00 10,241.00
985.35
1,047.69
7,021.00
8,218.00
4,620.00
8,267.00
4,477.00
5,698.00
4,834.00
6,223.00
103.04
115.17
95.77
121.89
105.26
102.39
108.45
8,395.00 10,759.00
99.71
95.74
8,784.00 15,957.00
102.98
8,948.00 11,503.00
9,475.00 12,149.00
85,190.00 100,129.00 55,051.00 99,999.00 52,610.00 67,423.00 56,073.00 72,082.00 57,667.00 74,166.00 45,561.00 84,472.00
9,565.00 11,261.00
13,594.00 15,978.00
6,147.00 11,212.00
5,855.00
7,517.00
6,219.00
7,992.00
5,097.00
6,506.00
4,077.00
7,663.00
4,466.00
8,340.00
837.80
1,114.19
134.90
82.48
109.52
1,011.28
1,363.03
825.11
1,099.17
112.56
150.28
6,362.00
8,197.00
Amundi Funds Equity Japan Value - SJ ( C )
7,905.00
9,251.00
5,181.00
9,312.00
4,994.00
6,373.00
5,371.00
6,911.00
5,608.00
7,178.00
Amundi Funds Equity Euro Select - AE ( D )
120.35
143.42
101.06
131.07
89.66
127.64
108.22
133.31
96.38
126.09
1,120.26
1,480.71
1,375.06
1,146.83
1,437.44
102.26
96.95
101.53
142.15
119.96
135.85
114.29
Amundi Funds Equity Euro Select - AE ( C )
Amundi Funds Equity Euro Select - FE ( C )
Amundi Funds Equity Euro Select - IE ( C )
Amundi Funds Equity Euro Select - IE ( D )
Amundi Funds Equity Euro Select - ME ( C )
Amundi Funds Equity Euro Select - OE ( C )
Amundi Funds Equity Euro Select - SE ( C )
Amundi Funds Equity Europe Select - AE ( C )
Amundi Funds Equity Europe Select - AE ( D )
Amundi Funds Equity Europe Select - FE ( C )
Amundi Funds Equity Europe Select - IE ( C )
Amundi Funds Equity Europe Select - IE ( D )
Amundi Funds Equity Europe Select - ME ( C )
Amundi Funds Equity Europe Select - OE ( C )
Amundi Funds Equity Europe Select - SE ( C )
Amundi Funds Equity Euroland Small Cap - AE ( C )
Amundi Funds Equity Euroland Small Cap - AE ( D )
Amundi Funds Equity Euroland Small Cap - FE ( C )
131.45
97.10
1,359.18
101.27
158.42
116.21
1,644.71
122.56
108.85
81.67
83.34
143.11
105.88
110.33
94.53
71.57
967.45
842.26
71.96
134.59
102.21
996.48
1,238.18
1,502.95
1,014.01
1,345.78
949.52
1,153.53
148.15
172.01
125.65
161.41
105.41
142.56
137.72
138.38
104.53
1,529.66
109.18
165.68
159.78
121.10
1,785.03
127.57
114.79
118.57
89.85
1,292.21
92.02
150.04
150.96
114.36
1,667.46
119.17
99.75
100.08
76.27
1,455.55
76.69
103.63
899.58
1,062.02
1,247.87
888.74
1,158.14
736.73
111.16
134.38
87.23
116.04
74.24
162.93
111.32
108.64
189.23
134.71
130.43
138.71
87.23
86.16
177.82
116.39
113.57
103.53
1,077.24
116.76
74.24
73.88
1,142.84
113.14
96.94
118.50
98.37
103.84
149.26
106.70
139.90
140.76
97.65
130.11
147.71
102.07
102.12
131.89
164.00
98.11
98.11
98.09
979.53
180.36
102.23
169.11
Amundi Funds Equity Euroland Small Cap - IE ( C )
1,130.54
1,375.36
880.86
1,181.80
744.97
1,039.27
981.26
1,960.48
Amundi Funds Equity Euroland Small Cap - OE ( C )
1,180.21
1,440.12
908.39
1,229.71
753.20
1,039.79
94.60
1,022.77
Amundi Funds Equity Euroland Small Cap - ME ( C )
Amundi Funds Equity Euroland Small Cap - SE ( C )
330
113.35
110.52
137.92
133.43
88.07
86.91
118.51
115.50
74.52
74.13
103.92
103.88
98.13
98.11
131.83
1,333.93
98.41
103.89
100.24
1,007.96
1,502.41
943.84
103.89
101.49
1,199.43
994.10
158.07
141.12
195.53
102.23
100.73
5,012.00
83.63
9,270.00
110.97
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Equity US Relative Value - AE ( C )
Amundi Funds Equity US Relative Value - AE ( D )
Amundi Funds Equity US Relative Value - AHE ( C )
Amundi Funds Equity US Relative Value - AHK ( C )
Amundi Funds Equity US Relative Value - AU ( C )
Amundi Funds Equity US Relative Value - AU ( D )
Amundi Funds Equity US Relative Value - FHE ( C )
Amundi Funds Equity US Relative Value - FU ( C )
Amundi Funds Equity US Relative Value - IHE ( C )
Amundi Funds Equity US Relative Value - IU ( C )
Amundi Funds Equity US Relative Value - IU ( D )
Amundi Funds Equity US Relative Value - MHE ( C )
Amundi Funds Equity US Relative Value - MU ( C )
Amundi Funds Equity US Relative Value - OHE ( C )
Amundi Funds Equity US Relative Value - OU ( C )
Amundi Funds Equity US Relative Value - RU ( C )
Amundi Funds Equity US Relative Value - SHE ( C )
Amundi Funds Equity US Relative Value - SU ( C )
Amundi Funds Equity Global Select - AE ( C )
Amundi Funds Equity Global Select - AE ( D )
Amundi Funds Equity Global Select - AU ( C )
Amundi Funds Equity Global Select - AU ( D )
Amundi Funds Equity Global Select - A2U ( C )
Amundi Funds Equity Global Select - FU ( C )
Amundi Funds Equity Global Select - IU ( C )
Amundi Funds Equity Global Select - OU ( C )
Amundi Funds Equity Global Select - SE ( C )
Amundi Funds Equity Global Select - SU ( C )
Amundi Funds Equity Japan Value - AE ( C )
Amundi Funds Equity Japan Value - AHE ( C )
Amundi Funds Equity Japan Value - AJ ( C )
Amundi Funds Equity Japan Value - AJ ( D )
8.59
10.91
7.92
10.35
7.20
8.98
6.29
7.52
5.84
7.10
4.91
6.41
1,098.03
1,387.78
998.51
1,313.51
900.78
1,130.00
781.93
938.08
721.24
880.47
604.61
786.76
8.32
10.60
7.74
10.08
7.06
8.78
6.19
7.38
5.76
6.99
4.85
6.37
7,192.00
11,611.00
8.59
10.91
7.92
10.35
9,482.00 11,873.00
7.20
8.98
6.29
7.52
5.84
7.10
4.91
6.41
9,856.00 10,260.00
Amundi Funds Equity Japan Value - FJ ( C )
Amundi Funds Equity Japan Value - IHE ( C )
Amundi Funds Equity Japan Value - IJ ( C )
Amundi Funds Equity Japan Value - I2 ( D )
Amundi Funds Equity Japan Value - I9 ( C )
Amundi Funds Equity Japan Value - MHE ( C )
72,434.00 116,334.00 94,772.00 118,629.00 98,559.00 102,577.00
6,599.00 10,677.00
9,956.00 10,930.00
7,179.00 11,621.00
9,478.00 11,890.00
9,117.00 10,000.00
Amundi Funds Equity Japan Value - MJ ( C )
Amundi Funds Equity Japan Value - SHE ( C )
Amundi Funds Equity Japan Value - SJ ( C )
Amundi Funds Equity Euro Select - AE ( C )
9,856.00 10,257.00
Amundi Funds Equity Euro Select - AE ( D )
Amundi Funds Equity Euro Select - FE ( C )
Amundi Funds Equity Euro Select - IE ( C )
Amundi Funds Equity Euro Select - IE ( D )
Amundi Funds Equity Euro Select - ME ( C )
Amundi Funds Equity Euro Select - OE ( C )
Amundi Funds Equity Euro Select - SE ( C )
Amundi Funds Equity Europe Select - AE ( C )
Amundi Funds Equity Europe Select - AE ( D )
Amundi Funds Equity Europe Select - FE ( C )
Amundi Funds Equity Europe Select - IE ( C )
Amundi Funds Equity Europe Select - IE ( D )
Amundi Funds Equity Europe Select - ME ( C )
Amundi Funds Equity Europe Select - OE ( C )
Amundi Funds Equity Europe Select - SE ( C )
Amundi Funds Equity Euroland Small Cap - AE ( C )
Amundi Funds Equity Euroland Small Cap - AE ( D )
Amundi Funds Equity Euroland Small Cap - FE ( C )
Amundi Funds Equity Euroland Small Cap - IE ( C )
Amundi Funds Equity Euroland Small Cap - ME ( C )
Amundi Funds Equity Euroland Small Cap - OE ( C )
Amundi Funds Equity Euroland Small Cap - SE ( C )
331
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Lowest
Price
Highest
Price
Lowest
Price
Amundi Funds Equity Global Gold Mines - AE ( C )
36.53
54.16
38.73
Amundi Funds Equity Global Gold Mines - AU ( C )
34.56
50.19
34.89
Amundi Funds Equity Global Gold Mines - AE ( D )
Amundi Funds Equity Global Gold Mines - A2U ( C )
Amundi Funds Equity Global Gold Mines - FHE ( C )
Amundi Funds Equity Global Gold Mines - FU ( C )
Amundi Funds Equity Global Gold Mines - IE ( C )
Amundi Funds Equity Global Gold Mines - IU ( C )
Amundi Funds Equity Global Gold Mines - MU ( C )
Amundi Funds Equity Global Gold Mines - OU ( C )
38.88
34.72
49.98
33.54
57.61
50.92
73.18
49.38
838.75
1,244.93
35.36
51.24
353.65
512.24
Highest
Price
179.10
88.78
63.88
118.45
30.75
99.35
34.89
66.50
87.23
63.07
118.07
95.04
372.21
355.88
898.13
644.52
1,186.76
950.73
4,496.50
748.20
1,016.66
726.73
1,083.46
33.26
84.91
61.18
113.46
119.41
94.84
130.93
108.71
89.50
137.19
107.40
80.68
122.63
109.44
89.95
139.37
35.49
137.61
114.47
129.41
93.29
122.73
114.44
129.39
109.79
122.72
111.35
125.02
92.00
Amundi Funds Equity Global Luxury and Lifestyle - AU ( D )
100.04
Amundi Funds Equity Global Luxury and Lifestyle - FHE ( C )
108.53
Amundi Funds Equity Global Luxury and Lifestyle - A2U ( C )
Amundi Funds Equity Global Luxury and Lifestyle - FU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - IU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - MU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - OU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - RU ( C )
116.93
1,232.29
97.69
Amundi Funds Equity Global Luxury and Lifestyle - SHE ( C )
104.70
Amundi Funds Equity Global Agriculture - AE ( C )
133.57
Amundi Funds Equity Global Luxury and Lifestyle - SU ( C )
Amundi Funds Equity Global Agriculture - AHE ( C )
Amundi Funds Equity Global Agriculture - AU ( C )
Amundi Funds Equity Global Agriculture - AU ( D )
113.07
121.55
117.84
86.33
112.37
87.99
100.59
145.23
132.14
151.78
110.31
140.43
113.05
151.06
97.25
127.63
96.06
80.09
93.95
70.37
96.27
68.06
99.34
57.55
82.94
102.03
123.22
Amundi Funds Equity Global Agriculture - IHE ( C )
1,095.06
Amundi Funds Equity Global Agriculture - MU ( C )
125.76
Amundi Funds Equity Global Agriculture - OU ( C )
Amundi Funds Equity Global Agriculture - SHE ( C )
Amundi Funds Equity Global Agriculture - SU ( C )
Amundi Funds Equity Global Resources - AE ( C )
Amundi Funds Equity Global Resources - AU ( C )
Amundi Funds Equity Global Resources - AU ( D )
Amundi Funds Equity Global Resources - A2U ( C )
Amundi Funds Equity Global Resources - FHE ( C )
Amundi Funds Equity Global Resources - FU ( C )
Amundi Funds Equity Global Resources - IU ( C )
Amundi Funds Equity Global Resources - MU ( C )
Amundi Funds Equity Global Resources - SHE ( C )
Amundi Funds Equity Global Resources - SU ( C )
Amundi Funds Equity Europe Restructuring - AE ( C )3
Amundi Funds Equity Europe Restructuring - FE ( C )3
Amundi Funds Equity Europe Restructuring - IE ( C )3
Amundi Funds Equity Europe Restructuring - IE ( D )3
Amundi Funds Equity Europe Restructuring - ME ( C )3
Amundi Funds Equity Europe Restructuring - OE ( C )3
Amundi Funds Equity Europe Restructuring - SE ( C )3
Amundi Funds Equity ASEAN - AU ( C )
Amundi Funds Equity ASEAN - AU ( D )
Amundi Funds Equity ASEAN - A2U ( C )
Amundi Funds Equity ASEAN - A2U ( D )
Amundi Funds Equity ASEAN - FU ( C )
902.90
82.07
70.00
120.93
1,230.01
141.59
100.13
1,016.55
85.46
65.01
103.88
115.91
93.02
96.05
78.55
67.98
88.42
125.23
103.84
114.05
65.01
94.39
88.52
102.01
83.75
105.74
80.23
1,144.82
107.62
Amundi Funds Equity Global Agriculture - IU ( C )
92.21
892.39
110.07
89.66
119.59
102.90
1,318.34
96.58
Amundi Funds Equity Global Agriculture - FU ( C )
116.63
93.85
72.23
75.53
72.24
90.59
77.43
80.79
76.89
92.27
102.89
126.80
77.78
106.40
106.59
87.56
104.41
1,022.35
1,199.68
901.06
116.39
137.60
101.45
85.40
85.18
835.57
93.95
98.82
987.87
953.63
1,113.19
78.70
92.03
96.23
78.15
63.94
66.86
63.94
728.37
71.75
142.62
94.87
117.65
67.43
97.32
69.98
107.78
754.75
666.76
833.71
682.07
1,004.50
65.39
72.34
64.36
82.33
68.08
103.46
63.31
71.27
97.80
756.85
103.15
80.99
70.25
80.94
10.65
860.07
117.67
71.53
62.30
59.94
89.58
78.38
76.28
83.13
104.76
1,044.78
1,224.70
629.35
85.38
809.12
109.89
695.89
94.98
677.71
72.70
1,023.91
57.24
82.33
37.42
99.16
101.56
58.73
84.36
39.56
105.29
101.85
73.17
106.19
97.02
102.28
398.00
1,056.06
95.97
69.32
100.30
58.41
83.74
39.46
105.15
72.74
103.05
97.83
101.89
951.89
1,141.09
506.92
698.02
425.27
748.61
74.26
49.74
67.72
42.33
74.43
80.51
43.20
64.08
29.08
72.87
64.42
51.86
539.46
73.23
73.22
759.35
103.14
97.03
59.77
613.55
97.87
102.33
75.00
774.90
950.74
1,007.65
91.61
108.29
92.06
123.07
72.08
101.60
72.06
97.03
91.60
108.28
100.32
123.06
91.42
108.21
94.12
75.79
89.59
76.39
83.00
101.81
101.81
122.93
51.22
59.81
74.46
72.39
84.31
105.25
59.33
59.92
89.14
49.92
107.60
68.16
42.40
74.34
101.94
1,002.10
89.59
74.57
858.52
107.95
713.13
75.79
51.04
594.79
73.29
1,083.72
74.89
88.20
1,045.77
836.91
59.01
61.41
715.36
1,164.84
79.35
583.04
91.67
98.09
98.09
1,018.19
69.94
996.20
96.93
101.76
87.01
377.58
138.51
68.50
101.75
844.64
1,081.96
108.44
76.98
99.29
740.52
82.30
65.51
37.52
1,264.87
994.44
63.61
111.22
873.67
103.88
97.37
83.46
87.70
1,233.57
108.03
79.81
130.29
109.80
90.45
69.37
89.83
75.22
112.24
80.79
68.90
75.71
Highest
Price
113.67
94.64
80.51
Lowest
Price
452.60
985.99
132.86
121.93
85.60
90.39
107.26
86.72
95.07
1,406.42
106.17
Amundi Funds Equity Global Agriculture - FHE ( C )
95.99
118.43
60.48
118.29
Highest
Price
1,042.36
94.62
Amundi Funds Equity Global Agriculture - A2U ( C )
95.32
83.20
64.34
Lowest
Price
986.18
108.06
85.61
32.34
89.69
110.52
Amundi Funds Equity Global Luxury and Lifestyle - AU ( C )
111.97
100.92
33.91
137.16
118.04
77.02
51.13
27.36
109.61
Highest
Price
96.07
Amundi Funds Equity Global Luxury and Lifestyle - AE ( C )
Amundi Funds Equity Global Luxury and Lifestyle - AE ( D )
Lowest
Price
122.09
46.57
47.92
Highest
Price
72.38
104.80
31.86
32.95
Lowest
Price
98.50
41.20
Amundi Funds Equity Global Gold Mines - SHE ( C )
Amundi Funds Equity Global Gold Mines - SU ( C )
51.26
77.07
34.51
86.48
Amundi Funds Equity ASEAN - IU ( C )
946.74
1,118.08
953.11
1,267.65
746.77
1,050.87
730.92
1,001.13
521.81
789.75
350.23
872.99
Amundi Funds Equity ASEAN - I9 ( C )
106.63
125.86
105.26
142.66
81.49
114.55
79.95
108.98
56.09
85.29
37.57
93.22
Amundi Funds Equity ASEAN - SU ( C )
88.49
104.64
90.20
71.17
95.50
Amundi Funds Equity ASEAN - I4 ( C )
Amundi Funds Equity ASEAN - MU ( C )
3
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
This sub-fund has been merged as at 15 November 2013.
332
94.72
93.44
111.81
98.67
93.66
91.34
126.77
111.90
118.68
72.59
70.83
102.07
99.91
71.36
97.14
50.13
50.83
76.14
76.18
33.60
34.26
83.45
86.10
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Equity Global Gold Mines - AE ( C )
Amundi Funds Equity Global Gold Mines - AE ( D )
Amundi Funds Equity Global Gold Mines - AU ( C )
Amundi Funds Equity Global Gold Mines - A2U ( C )
Amundi Funds Equity Global Gold Mines - FHE ( C )
Amundi Funds Equity Global Gold Mines - FU ( C )
Amundi Funds Equity Global Gold Mines - IE ( C )
Amundi Funds Equity Global Gold Mines - IU ( C )
Amundi Funds Equity Global Gold Mines - MU ( C )
Amundi Funds Equity Global Gold Mines - OU ( C )
Amundi Funds Equity Global Gold Mines - SHE ( C )
Amundi Funds Equity Global Gold Mines - SU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - AE ( C )
Amundi Funds Equity Global Luxury and Lifestyle - AE ( D )
Amundi Funds Equity Global Luxury and Lifestyle - AU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - AU ( D )
Amundi Funds Equity Global Luxury and Lifestyle - A2U ( C )
Amundi Funds Equity Global Luxury and Lifestyle - FHE ( C )
Amundi Funds Equity Global Luxury and Lifestyle - FU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - IU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - MU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - OU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - RU ( C )
Amundi Funds Equity Global Luxury and Lifestyle - SHE ( C )
Amundi Funds Equity Global Luxury and Lifestyle - SU ( C )
Amundi Funds Equity Global Agriculture - AE ( C )
Amundi Funds Equity Global Agriculture - AHE ( C )
Amundi Funds Equity Global Agriculture - AU ( C )
89.31
105.79
893.61
1,060.55
Amundi Funds Equity Global Agriculture - SU ( C )
89.31
105.71
Amundi Funds Equity Global Resources - AU ( C )
87.82
106.46
878.50
1,066.65
87.81
106.38
743.84
1,007.15
Amundi Funds Equity Europe Restructuring - SE ( C )3
73.96
100.67
Amundi Funds Equity ASEAN - AU ( D )
72.06
106.73
Amundi Funds Equity Global Agriculture - AU ( D )
Amundi Funds Equity Global Agriculture - A2U ( C )
Amundi Funds Equity Global Agriculture - FHE ( C )
Amundi Funds Equity Global Agriculture - FU ( C )
Amundi Funds Equity Global Agriculture - IHE ( C )
Amundi Funds Equity Global Agriculture - IU ( C )
Amundi Funds Equity Global Agriculture - MU ( C )
Amundi Funds Equity Global Agriculture - OU ( C )
Amundi Funds Equity Global Agriculture - SHE ( C )
Amundi Funds Equity Global Resources - AE ( C )
Amundi Funds Equity Global Resources - AU ( D )
Amundi Funds Equity Global Resources - A2U ( C )
Amundi Funds Equity Global Resources - FHE ( C )
Amundi Funds Equity Global Resources - FU ( C )
Amundi Funds Equity Global Resources - IU ( C )
Amundi Funds Equity Global Resources - MU ( C )
Amundi Funds Equity Global Resources - SHE ( C )
Amundi Funds Equity Global Resources - SU ( C )
Amundi Funds Equity Europe Restructuring - AE ( C )3
Amundi Funds Equity Europe Restructuring - FE ( C )3
Amundi Funds Equity Europe Restructuring - IE ( C )3
Amundi Funds Equity Europe Restructuring - IE ( D )3
73.88
100.67
Amundi Funds Equity Europe Restructuring - ME ( C )3
Amundi Funds Equity Europe Restructuring - OE ( C )3
Amundi Funds Equity ASEAN - AU ( C )
Amundi Funds Equity ASEAN - A2U ( C )
85.52
126.65
99.97
111.04
999.86
1,112.54
99.97
110.99
Amundi Funds Equity ASEAN - A2U ( D )
Amundi Funds Equity ASEAN - FU ( C )
Amundi Funds Equity ASEAN - IU ( C )
862.96
1,272.26
Amundi Funds Equity ASEAN - I9 ( C )
92.12
100.00
Amundi Funds Equity ASEAN - I4 ( C )
Amundi Funds Equity ASEAN - MU ( C )
1
Amundi Funds Equity ASEAN - SU ( C )
This sub-fund has been merged as at 15 November 2013.
82.47
93.97
85.16
121.17
107.36
126.44
98.28
105.76
333
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Equity Asia ex Japan - AE ( C )
90.87
101.69
88.68
104.31
74.51
102.11
Amundi Funds Equity Asia ex Japan - AU ( D )
22.82
26.33
21.00
25.64
18.89
27.63
Amundi Funds Equity Asia ex Japan - AU ( C )
Amundi Funds Equity Asia ex Japan - A2U ( C )
Amundi Funds Equity Asia ex Japan - A2U ( D )
Amundi Funds Equity Asia ex Japan - FU ( C )
Amundi Funds Equity Asia ex Japan - IU ( C )
Amundi Funds Equity Asia ex Japan - MU ( C )
Amundi Funds Equity Asia ex Japan - SU ( C )
Amundi Funds Equity Asia ex Japan - XU ( C )
Amundi Funds Equity Brazil - AE ( C )
Amundi Funds Equity Brazil - AU ( C )
Amundi Funds Equity Brazil - AU ( D )
Amundi Funds Equity Brazil - A2U ( C )
Amundi Funds Equity Brazil - A2U ( D )
Amundi Funds Equity Brazil - FU ( C )
23.26
23.26
22.82
82.55
26.83
26.86
26.36
94.82
Amundi Funds Equity Emerging Europe - SE ( C )
Amundi Funds Equity Emerging Internal Demand - AE ( C )
Amundi Funds Equity Emerging Internal Demand - AE ( D )
Amundi Funds Equity Emerging Internal Demand - AHE ( C )
Amundi Funds Equity Emerging Internal Demand - AU ( C )
Amundi Funds Equity Emerging Internal Demand - AU ( D )
Amundi Funds Equity Emerging Internal Demand - A2U ( C )
Amundi Funds Equity Emerging Internal Demand - FU ( C )
22.10
25.44
20.42
24.85
18.44
26.99
21.39
27.59
17.35
23.70
11.26
Amundi Funds Equity Emerging Internal Demand - SU ( C )
Amundi Funds Equity Emerging Internal Demand - XU ( C )
Amundi Funds Equity Emerging World - AE ( C )
Amundi Funds Equity Emerging World - AE ( D )
Amundi Funds Equity Emerging World - AU ( C )
Amundi Funds Equity Emerging World - AU ( D )
Amundi Funds Equity Emerging World - A2U ( C )
Amundi Funds Equity Emerging World - FU ( C )
Amundi Funds Equity Emerging World - IE ( C )
Amundi Funds Equity Emerging World - IU ( C )
Amundi Funds Equity Emerging World - IU ( D )
1,191.24
76.57
93.70
77.74
105.20
84.26
128.06
99.97
134.36
70.18
118.27
38.20
106.80
77.73
105.20
64.88
71.55
76.56
71.54
64.19
77.74
86.56
93.69
86.86
78.37
75.45
74.59
26.06
26.32
78.60
67.27
72.65
72.64
65.32
91.82
98.31
98.30
88.61
76.85
79.98
71.98
103.17
122.30
104.38
96.34
128.32
864.08
1,300.90
1,012.14
1,360.95
700.40
1,192.58
384.00
1,070.61
91.23
75.75
102.42
82.72
126.33
99.03
132.68
69.79
117.38
38.08
106.64
29.22
25.59
31.15
23.47
33.94
27.29
36.34
17.29
32.80
11.93
37.83
92.48
29.91
89.12
76.43
25.82
25.87
77.44
103.01
31.43
31.20
94.64
82.15
23.58
72.32
123.78
34.10
104.92
96.38
27.43
98.99
129.31
36.51
101.11
32.96
11.93
37.84
2,503.31
3,029.57
2,245.37
3,239.06
2,592.73
3,460.20
1,628.17
3,093.80
1,123.95
3,584.37
25.07
28.46
24.65
30.00
22.63
32.75
26.45
35.11
16.75
31.82
11.57
36.79
61.07
85.82
85.39
81.75
83.52
120.59
83.51
82.04
69.49
96.30
95.82
93.81
95.94
138.53
95.94
94.05
106.84
80.46
98.16
87.35
106.32
81.56
100.09
83.83
100.08
117.78
81.39
144.52
98.15
76.18
75.72
77.53
98.53
98.07
73.47
102.79
106.47
148.09
73.72
74.42
102.53
792.05
1,041.24
587.46
890.22
360.49
879.64
110.54
84.19
110.89
62.18
94.69
38.00
92.71
102.11
93.46
928.97
1,045.54
57.77
87.45
35.63
87.25
66.47
98.48
41.36
97.31
666.67
995.51
415.45
975.26
89.93
110.67
66.10
97.65
41.24
97.17
103.67
81.57
101.66
72.56
98.18
98.34
98.64
93.56
89.57
80.01
108.71
97.11
78.75
72.56
101.00
870.37
1,001.95
838.00
1,030.49
750.04
1,038.98
86.72
96.87
86.92
105.80
89.49
99.58
87.14
83.80
82.98
83.79
78.10
846.16
872.27
97.35
95.75
94.82
95.75
89.05
946.51
998.10
96.68
97.53
110.62
111.78
93.60
124.93
141.18
123.98
124.88
124.87
120.12
121.48
87.34
82.45
81.64
82.44
77.03
94.51
912.62
80.70
112.66
92.81
74.26
104.73
99.79
102.58
1,025.97
794.71
1,114.31
864.25
1,148.78
967.32
744.97
1,044.43
973.85
1,076.61
1,026.48
99.15
114.02
99.68
87.91
123.27
96.08
1,079.02
1,048.44
998.37
97.00
76.48
107.60
84.55
125.49
91.31
113.41
45.60
126.40
100.41
1,022.45
841.47
100.76
110.73
838.91
1,111.04
139.43
100.74
136.23
85.33
76.84
126.35
126.34
749.71
92.44
91.28
91.27
125.21
113.60
113.59
111.59
127.09
111.29
52.17
101.45
46.67
101.34
42.82
101.29
101.33
121.76
91.49
112.87
54.86
101.29
123.15
91.55
113.56
55.51
101.41
Amundi Funds Equity MENA - IHE ( C )
1,222.52
1,382.46
1,006.12
1,239.72
915.37
1,135.35
469.25
1,013.03
Amundi Funds Equity MENA - IU ( D )
1,241.18
1,408.77
1,010.15
1,256.16
914.98
1,135.83
440.81
1,013.55
1,242.04
97.78
1,409.50
104.76
1,338.54
1,526.86
120.25
135.28
98.44
122.99
101.87
138.63
1,009.19
1,257.67
915.53
1,135.81
1,060.62
1,352.46
987.69
1,189.93
99.22
121.86
90.95
112.02
100.77
124.56
92.02
113.74
485.26
58.77
99.80
102.15
100.00
115.17
140.78
100.88
109.11
101.52
107.99
931.46
801.15
105.70
77.91
148.71
109.04
861.91
854.30
81.04
113.75
77.58
98.19
1,029.16
100.50
134.50
99.16
846.69
139.65
141.14
106.30
100.00
87.49
1,128.71
79.63
100.85
78.76
85.46
35.77
948.36
108.79
96.48
89.74
26.41
88.32
1,224.64
88.72
100.00
74.14
127.57
984.91
104.98
89.78
39.36
97.17
1,182.99
994.91
82.82
58.17
1,036.64
919.81
61.80
102.96
746.96
91.26
81.49
87.77
53.75
1,018.67
1,055.27
87.94
72.52
831.60
917.78
85.35
59.92
988.56
Amundi Funds Equity MENA - AU ( C )
334
17.30
112.04
2,902.72
147.72
Amundi Funds Equity MENA - SU ( C )
86.60
2,551.17
136.58
Amundi Funds Equity MENA - SHE ( C )
113.98
1,085.87
Amundi Funds Equity MENA - AE ( C )
Amundi Funds Equity MENA - RE ( C )
86.59
804.64
81.97
Amundi Funds Equity MENA - OU ( C )
23.63
570.41
Amundi Funds Equity Emerging World - SU ( C )
Amundi Funds Equity MENA - MU ( C )
93.04
1,226.09
111.75
Amundi Funds Equity MENA - IU ( C )
44.49
889.46
97.57
Amundi Funds Equity MENA - FU ( C )
94.81
1,459.36
Amundi Funds Equity Emerging World - RU ( C )
Amundi Funds Equity MENA - FHE ( C )
69.16
1,116.19
1,082.91
Amundi Funds Equity MENA - A2U ( C )
112.37
1,433.67
944.82
Amundi Funds Equity MENA - AU ( D )
86.38
982.95
Amundi Funds Equity Emerging World - O1 ( C )
Amundi Funds Equity MENA - AHE ( C )
110.27
1,363.99
938.36
Amundi Funds Equity Emerging World - RU ( D )
75.54
1,104.08
820.00
Amundi Funds Equity Emerging World - OU ( C )
104.05
1,411.77
Amundi Funds Equity Emerging World - I8 ( C )
Amundi Funds Equity Emerging World - MU ( C )
84.54
24.08
1,215.96
1,027.16
Amundi Funds Equity Emerging Internal Demand - SE ( C )
2,469.61
1,180.62
Amundi Funds Equity Emerging Internal Demand - I4 ( C )
Amundi Funds Equity Emerging Internal Demand - OU ( C )
24.37
11.49
2,531.75
859.34
Amundi Funds Equity Emerging Internal Demand - MU ( C )
11.62
24.14
1,835.03
Amundi Funds Equity Emerging Internal Demand - IU ( C )
Amundi Funds Equity Emerging Internal Demand - IU ( D )
24.62
17.75
2,985.24
107.28
29.90
Amundi Funds Equity Emerging Europe - ME ( C )
102.65
17.96
28.22
2,290.32
92.71
26.30
Amundi Funds Equity Emerging Europe - IE ( C )
70.09
28.77
21.81
2,929.63
100.61
Amundi Funds Equity Emerging Europe - FE ( C )
92.96
Highest
Price
22.24
2,006.87
90.01
Amundi Funds Equity Emerging Europe - A2E ( C )
25.64
Lowest
Price
2,764.38
Amundi Funds Equity Brazil - RU ( C )
Amundi Funds Equity Emerging Europe - AE ( D )
77.02
28.18
Highest
Price
2,245.94
972.87
Amundi Funds Equity Emerging Europe - AE ( C )
22.14
26.13
19.27
Lowest
Price
2,851.11
793.71
Amundi Funds Equity Brazil - SU ( C )
22.57
26.14
Highest
Price
2,462.94
Amundi Funds Equity Brazil - IU ( C )
Amundi Funds Equity Brazil - MU ( C )
21.40
Lowest
Price
1,014.46
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Equity Asia ex Japan - AE ( C )
Amundi Funds Equity Asia ex Japan - AU ( C )
Amundi Funds Equity Asia ex Japan - AU ( D )
Amundi Funds Equity Asia ex Japan - A2U ( C )
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
23.52
37.71
16.26
26.13
13.44
19.64
10.65
13.79
9.02
13.25
7.48
10.44
2,367.70
3,802.23
1,623.82
2,627.47
1,333.26
1,958.48
1,048.75
1,363.05
882.09
1,301.96
731.35
1,015.11
10.33
23.24
37.26
16.07
25.82
13.28
19.40
10.65
13.79
9.02
13.25
7.48
10.44
Amundi Funds Equity Asia ex Japan - A2U ( D )
Amundi Funds Equity Asia ex Japan - FU ( C )
Amundi Funds Equity Asia ex Japan - IU ( C )
Amundi Funds Equity Asia ex Japan - MU ( C )
Amundi Funds Equity Asia ex Japan - SU ( C )
Amundi Funds Equity Asia ex Japan - XU ( C )
90.74
22.88
109.23
36.66
957.99
1,260.92
25.44
13.17
19.20
10.49
13.55
8.90
13.07
7.39
47.28
30.35
41.65
21.38
39.08
17.23
163.65
107.22
172.35
89.63
88.23
109.79
3,344.08
4,460.21
2,834.13
3,916.44
1,981.08
3,644.14
1,086.24
1,992.16
865.68
1,401.04
721.41
900.02
34.43
46.06
29.74
40.65
21.04
38.32
16.99
163.65
107.22
172.35
89.63
111.55
1,137.14
1,827.93
89.57
117.26
895.97
1,174.57
Amundi Funds Equity Brazil - SU ( C )
89.56
117.12
Amundi Funds Equity Emerging Europe - AE ( D )
35.37
47.27
Amundi Funds Equity Brazil - AE ( C )
Amundi Funds Equity Brazil - AU ( C )
Amundi Funds Equity Brazil - AU ( D )
15.89
Amundi Funds Equity Brazil - A2U ( C )
Amundi Funds Equity Brazil - A2U ( D )
Amundi Funds Equity Brazil - FU ( C )
Amundi Funds Equity Brazil - IU ( C )
Amundi Funds Equity Brazil - MU ( C )
Amundi Funds Equity Brazil - RU ( C )
Amundi Funds Equity Emerging Europe - AE ( C )
Amundi Funds Equity Emerging Europe - A2E ( C )
Amundi Funds Equity Emerging Europe - FE ( C )
Amundi Funds Equity Emerging Europe - IE ( C )
Amundi Funds Equity Emerging Europe - ME ( C )
Amundi Funds Equity Emerging Europe - SE ( C )
Amundi Funds Equity Emerging Internal Demand - AE ( C )
35.38
83.57
106.00
30.35
41.64
21.38
39.07
17.23
161.08
105.54
169.64
111.55
Amundi Funds Equity Emerging Internal Demand - AE ( D )
Amundi Funds Equity Emerging Internal Demand - AHE ( C )
Amundi Funds Equity Emerging Internal Demand - AU ( C )
Amundi Funds Equity Emerging Internal Demand - AU ( D )
83.03
105.23
833.09
1,052.62
92.52
105.46
82.91
105.21
92.50
111.60
925.28
1,117.69
92.49
111.52
Amundi Funds Equity Emerging Internal Demand - A2U ( C )
Amundi Funds Equity Emerging Internal Demand - FU ( C )
Amundi Funds Equity Emerging Internal Demand - IU ( C )
Amundi Funds Equity Emerging Internal Demand - IU ( D )
Amundi Funds Equity Emerging Internal Demand - I4 ( C )
Amundi Funds Equity Emerging Internal Demand - MU ( C )
Amundi Funds Equity Emerging Internal Demand - OU ( C )
Amundi Funds Equity Emerging Internal Demand - SE ( C )
Amundi Funds Equity Emerging Internal Demand - SU ( C )
Amundi Funds Equity Emerging Internal Demand - XU ( C )
Amundi Funds Equity Emerging World - AE ( C )
Amundi Funds Equity Emerging World - AE ( D )
Amundi Funds Equity Emerging World - AU ( C )
Amundi Funds Equity Emerging World - AU ( D )
Amundi Funds Equity Emerging World - A2U ( C )
Amundi Funds Equity Emerging World - FU ( C )
Amundi Funds Equity Emerging World - IE ( C )
Amundi Funds Equity Emerging World - IU ( C )
Amundi Funds Equity Emerging World - IU ( D )
Amundi Funds Equity Emerging World - I8 ( C )
Amundi Funds Equity Emerging World - MU ( C )
Amundi Funds Equity Emerging World - O1 ( C )
Amundi Funds Equity Emerging World - OU ( C )
Amundi Funds Equity Emerging World - RU ( C )
Amundi Funds Equity Emerging World - RU ( D )
Amundi Funds Equity Emerging World - SU ( C )
Amundi Funds Equity MENA - AE ( C )
Amundi Funds Equity MENA - AHE ( C )
Amundi Funds Equity MENA - AU ( C )
Amundi Funds Equity MENA - AU ( D )
Amundi Funds Equity MENA - A2U ( C )
Amundi Funds Equity MENA - FHE ( C )
Amundi Funds Equity MENA - FU ( C )
Amundi Funds Equity MENA - IHE ( C )
Amundi Funds Equity MENA - IU ( C )
Amundi Funds Equity MENA - IU ( D )
Amundi Funds Equity MENA - MU ( C )
Amundi Funds Equity MENA - OU ( C )
Amundi Funds Equity MENA - RE ( C )
Amundi Funds Equity MENA - SHE ( C )
Amundi Funds Equity MENA - SU ( C )
335
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Equity Greater China - AE ( C )
90.22
102.89
84.24
100.42
69.27
91.00
85.39
103.33
Amundi Funds Equity Greater China - AU ( C )
487.65
581.17
432.73
546.39
383.90
539.35
444.42
579.60
Amundi Funds Equity Greater China - A2U ( C )
490.26
582.43
473.74
539.73
74.09
104.45
101.04
102.51
97.41
137.32
114.33
148.54
Amundi Funds Equity Greater China - AE ( D )
Amundi Funds Equity Greater China - AU ( D )
Amundi Funds Equity Greater China - A2U ( D )
Amundi Funds Equity Greater China - FU ( C )
89.69
484.62
487.20
91.47
Amundi Funds Equity Greater China - IU ( C )
514.41
Amundi Funds Equity Greater China - I4 ( C )
326.19
Amundi Funds Equity Greater China - I2 ( D )
Amundi Funds Equity Greater China - I9 ( C )
Amundi Funds Equity Greater China - MU ( C )
Amundi Funds Equity Greater China - SU ( C )
Amundi Funds Equity Greater China - XU ( C )
Amundi Funds Equity India - AE ( C )
Amundi Funds Equity India - AE ( D )
121.61
102.64
93.30
25.06
102.31
577.63
575.92
108.59
615.69
84.35
432.77
470.79
82.57
455.11
103.46
361.29
249.29
82.52
104.65
72.55
122.75
89.29
29.85
536.37
383.90
400.15
108.72
111.61
542.99
69.31
576.88
143.90
389.83
99.84
284.17
22.45
136.39
113.60
28.25
78.24
19.98
91.04
539.33
560.27
85.42
444.37
463.55
103.37
452.63
602.81
401.22
524.86
215.47
483.90
371.75
244.60
321.19
125.68
281.85
95.36
39.33
84.14
109.13
23.24
116.51
30.27
1,180.13
1,413.24
1,039.43
1,321.44
910.88
1,273.52
1,051.31
1,363.79
57.02
76.06
67.72
84.18
59.64
84.56
76.27
100.00
56.96
75.99
67.65
84.09
59.60
76.51
73.17
20.37
131.19
100.54
26.53
201.13
53.67
39.27
10.59
452.57
121.29
88.03
88.32
23.86
921.73
1,189.39
495.33
1,110.99
194.06
110.36
165.53
62.38
154.38
100.00
142.59
117.31
152.41
Amundi Funds Equity India - A2U ( C )
107.13
142.97
126.03
152.40
Amundi Funds Equity India - IU ( C )
1,127.90
1,501.14
1,230.35
1,598.45
1,148.90
1,764.31
1,533.00
2,003.22
1,121.66
1,701.62
638.83
1,573.66
Amundi Funds Equity India - I4 ( C )
110.76
148.51
119.46
156.94
111.25
170.49
147.87
192.98
107.89
163.38
60.71
149.15
55.05
73.43
60.14
78.11
56.25
86.38
75.05
98.07
55.20
Amundi Funds Equity India - FU ( C )
Amundi Funds Equity India - I2 ( D )
Amundi Funds Equity India - I9 ( C )
Amundi Funds Equity India - MU ( C )
Amundi Funds Equity India - SU ( C )
62.04
85.30
70.39
118.06
82.26
113.94
94.42
97.29
69.46
93.09
75.79
126.44
88.60
121.21
99.69
91.36
65.80
87.30
70.52
140.78
101.00
134.40
107.99
102.98
136.98
114.14
146.67
107.46
166.02
Amundi Funds Equity India Select - AE ( C )
76.34
100.65
93.25
113.75
95.32
100.79
Amundi Funds Equity India Select - AU ( D )
74.39
98.90
Amundi Funds Equity India - XU ( C )
Amundi Funds Equity India Select - AU ( C )
Amundi Funds Equity India Select - FU ( C )
86.80
61.88
578.82
115.40
103.52
126.22
100.08
81.94
73.98
90.74
72.59
88.72
108.14
86.04
887.24
1,112.75
1,350.88
1,064.45
1,148.03
Amundi Funds Equity India Select - I6 ( C )
90.10
120.14
107.27
130.21
102.70
110.61
49.91
38.24
Amundi Funds Equity India Select - MU ( C )
Amundi Funds Equity India Infrastructure - AU ( C )
Amundi Funds Equity India Infrastructure - AU ( D )
Amundi Funds Equity India Infrastructure - A2U ( C )
Amundi Funds Equity India Infrastructure - FU ( C )
90.65
29.49
48.67
29.49
44.21
121.17
41.45
68.40
41.44
61.88
948.37
107.80
37.35
61.64
37.34
56.12
1,151.72
130.48
82.36
47.13
75.13
911.34
102.57
93.61
145.05
769.51
153.04
122.11
1,004.28
110.63
65.91
662.52
585.31
793.88
469.17
704.38
258.06
669.67
144.25
84.39
127.61
70.16
25.43
66.42
27.43
12.96
20.25
8.70
22.15
101.71
52.67
89.74
120.40
106.35
69.84
102.10
91.62
100.00
17.25
26.94
17.36
27.47
Amundi Funds Equity Korea - AU ( C )
17.47
21.66
Amundi Funds Equity Korea - FU ( C )
66.48
82.10
Amundi Funds Equity Korea - AU ( D )
17.48
21.67
16.82
16.83
64.05
84.96
20.56
20.57
78.78
37.56
17.23
67.18
1,004.46
66.60
70.40
48.62
152.61
25.56
91.78
76.07
61.52
70.82
69.46
36.52
76.64
162.55
116.88
77.42
40.46
94.07
92.13
54.94
28.82
31.11
47.33
Amundi Funds Equity India Infrastructure - MU ( C )
Amundi Funds Equity Korea - AE ( C )
83.32
38.32
121.73
79.50
58.33
58.48
386.67
Amundi Funds Equity India Infrastructure - SU ( C )
103.30
49.04
127.84
131.20
108.77
1,041.08
69.33
130.27
51.66
96.51
63.10
398.38
52.22
987.64
137.07
983.01
870.51
58.32
68.14
108.69
620.27
41.33
86.71
190.14
Amundi Funds Equity India Infrastructure - IU ( C )
Amundi Funds Equity India Infrastructure - I4 ( C )
91.38
78.15
1,245.72
1,061.87
117.01
160.74
92.72
934.47
796.49
122.77
107.86
Amundi Funds Equity India Select - IU ( C )
Amundi Funds Equity India Select - IU ( D )
148.20
101.27
506.13
107.14
88.88
169.90
76.26
387.86
Amundi Funds Equity India - AU ( C )
Amundi Funds Equity India - AU ( D )
110.17
84.54
Highest
Price
201.16
101.60
28.10
Lowest
Price
506.23
283.79
88.90
Highest
Price
387.91
579.53
349.03
109.50
Lowest
Price
64.95
26.89
103.59
79.12
57.74
17.36
107.20
78.57
62.75
47.03
12.96
94.79
20.25
33.73
8.70
87.25
22.16
Amundi Funds Equity Korea - IU ( C )
2,229.59
2,770.66
2,146.27
2,611.51
2,165.82
3,374.20
2,160.38
3,435.91
1,601.93
2,516.95
1,072.37
2,717.13
Amundi Funds Equity Korea - I4 ( C )
127.39
158.55
122.60
148.79
122.55
190.68
121.40
193.97
89.54
141.30
59.82
151.01
Amundi Funds Equity Korea - SU ( C )
16.38
20.30
15.79
19.32
16.27
25.43
16.48
25.95
12.35
19.24
8.30
21.20
Amundi Funds Equity Korea - I2 ( D )
Amundi Funds Equity Korea - MU ( C )
Amundi Funds Equity Korea - XU ( C )
Amundi Funds Equity Latin America - AE ( C )
Amundi Funds Equity Latin America - AE ( D )
71.74
88.79
69.19
72.82
84.79
84.27
932.38
1,450.73
924.06
1,475.91
67.06
76.22
67.92
89.92
70.98
96.60
89.58
108.13
68.35
78.13
69.22
91.64
650.78
Amundi Funds Equity Latin America - A2U ( C )
499.19
581.33
494.24
648.68
445.94
445.91
68.44
516.32
516.09
79.54
441.52
441.48
67.93
581.32
579.45
89.88
71.37
516.78
467.66
72.81
97.14
746.66
678.43
105.57
5,050.28
5,889.82
4,991.12
6,546.65
5,134.18
7,400.65
Amundi Funds Equity Latin America - O1 ( C )
744.41
870.29
734.96
960.02
741.97
1,025.29
Amundi Funds Equity Latin America - SE ( C )
69.60
Amundi Funds Equity Latin America - MU ( C )
Amundi Funds Equity Latin America - RU ( C )
Amundi Funds Equity Latin America - SU ( C )
Amundi Funds Equity Latin America - XU ( C )
Amundi Funds Equity Thailand - AU ( C )
Amundi Funds Equity Thailand - AU ( D )
Amundi Funds Equity Thailand - FU ( C )
Amundi Funds Equity Thailand - IU ( C )
Amundi Funds Equity Thailand - MU ( C )
Amundi Funds Equity Thailand - SU ( C )
Amundi Funds Equity Thailand - XU ( C )
336
112.51
1,131.29
494.28
Amundi Funds Equity Latin America - IU ( C )
70.74
115.49
931.94
581.38
Amundi Funds Equity Latin America - FU ( C )
110.49
73.69
1,204.96
499.23
Amundi Funds Equity Latin America - A2U ( D )
70.92
113.15
968.29
Amundi Funds Equity Latin America - AU ( C )
Amundi Funds Equity Latin America - AU ( D )
72.28
81.39
96.02
481.56
94.97
112.00
79.51
560.45
80.38
70.46
476.44
105.54
93.25
628.28
82.84
73.34
502.77
119.41
99.64
727.14
89.53
582.44
532.04
99.14
5,664.55
90.77
92.15
569.51
108.08
781.84
710.40
103.64
7,732.05
124.76
111.38
762.13
55.81
52.44
86.32
82.42
37.69
35.10
989.15
412.08
683.42
239.95
677.47
4,018.38
6,722.75
2,342.15
6,597.23
668.83
236.21
68.52
29.83
383.02
64.94
404.52
624.29
108.35
223.03
37.82
1,549.66
1,311.49
1,717.46
1,338.85
1,927.70
1,491.13
2,010.27
1,056.51
1,745.93
106.70
134.68
102.48
155.80
75.63
113.06
64.74
100.22
40.57
66.53
5,401.14
6,820.46
5,120.87
7,870.65
3,756.25
5,639.91
3,168.04
4,961.20
1,945.33
3,249.84
1,400.77
18.52
23.37
17.94
26.88
13.28
19.81
11.37
17.63
7.06
11.69
5.11
93.99
147.43
140.11
118.54
186.17
106.13
100.55
141.78
1,657.55
162.08
137.76
214.07
2,557.34
78.32
104.00
1,210.92
117.09
156.16
1,823.50
66.68
87.71
1,014.15
103.79
137.36
1,595.81
88.93
957.62
1,327.86
111.01
97.45
41.24
53.84
1,000.00
89.98
1,024.74
635.28
106.51
667.78
613.66
1,725.72
29.35
64.21
38.76
652.95
64.78
3,032.78
83.92
11.13
1,373.44
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Equity Greater China - AE ( C )
Amundi Funds Equity Greater China - AE ( D )
Amundi Funds Equity Greater China - AU ( C )
416.35
739.34
254.03
466.09
194.41
285.27
156.92
201.85
109.30
197.30
88.67
112.15
Amundi Funds Equity Greater China - IU ( C )
442.06
786.18
267.55
494.29
203.20
300.03
162.93
210.42
112.77
204.27
91.37
115.68
Amundi Funds Equity Greater China - I4 ( C )
256.16
456.08
154.12
286.19
116.39
172.64
99.63
120.30
8.40
10.79
7.77
197.30
88.67
112.15
Amundi Funds Equity Greater China - AU ( D )
Amundi Funds Equity Greater China - A2U ( C )
416.33
739.28
254.03
466.06
194.42
285.27
156.92
201.86
Amundi Funds Equity Greater China - A2U ( D )
Amundi Funds Equity Greater China - FU ( C )
Amundi Funds Equity Greater China - I2 ( D )
Amundi Funds Equity Greater China - I9 ( C )
Amundi Funds Equity Greater China - MU ( C )
Amundi Funds Equity Greater China - SU ( C )
112.44
85.79
85.11
100.00
108.23
973.88
1,128.68
24.68
10.37
15.17
132.39
249.27
91.40
159.81
84.29
122.60
Amundi Funds Equity India - IU ( C )
1,348.31
2,529.91
917.44
1,615.46
845.43
1,228.82
Amundi Funds Equity India - I4 ( C )
127.71
239.00
85.97
152.17
79.18
115.03
65.66
100.00
91.04
158.67
84.02
122.30
Amundi Funds Equity India - AE ( D )
Amundi Funds Equity India - AU ( C )
Amundi Funds Equity India - AU ( D )
Amundi Funds Equity India - A2U ( C )
Amundi Funds Equity India - FU ( C )
Amundi Funds Equity India - I2 ( D )
Amundi Funds Equity India - I9 ( C )
Amundi Funds Equity India - MU ( C )
Amundi Funds Equity India - SU ( C )
Amundi Funds Equity India - XU ( C )
109.63
104.43
80.53
130.93
206.42
196.11
100.00
247.01
13.50
126.13
1,798.41
Amundi Funds Equity India - AE ( C )
39.08
95.05
1,010.19
Amundi Funds Equity Greater China - XU ( C )
22.03
199.52
75.69
90.93
132.33
125.44
69.80
101.52
Amundi Funds Equity India Select - AE ( C )
Amundi Funds Equity India Select - AU ( C )
Amundi Funds Equity India Select - AU ( D )
Amundi Funds Equity India Select - FU ( C )
Amundi Funds Equity India Select - IU ( C )
Amundi Funds Equity India Select - IU ( D )
Amundi Funds Equity India Select - I6 ( C )
Amundi Funds Equity India Select - MU ( C )
Amundi Funds Equity India Infrastructure - AU ( C )
58.10
101.49
583.70
1,015.73
Amundi Funds Equity India Infrastructure - SU ( C )
57.97
101.45
Amundi Funds Equity Korea - AU ( C )
21.17
31.95
16.19
25.44
12.70
19.90
8.18
13.23
7.23
10.40
6.36
9.18
Amundi Funds Equity Korea - IU ( C )
2,590.87
3,900.60
1,958.00
3,096.72
1,523.54
2,403.27
8.31
1,583.57
7.23
10.40
6.36
9.18
Amundi Funds Equity Korea - I4 ( C )
143.77
216.02
107.66
171.14
91.74
132.01
Amundi Funds Equity Korea - SU ( C )
20.28
30.66
15.62
24.45
12.30
19.22
7.96
12.83
7.23
10.40
6.36
9.18
453.84
739.30
302.81
552.41
204.05
390.20
126.17
209.90
92.09
145.23
62.75
94.74
4,390.69
7,193.25
2,906.16
5,337.97
1,943.90
3,739.79
1,191.60
1,994.66
862.16
1,368.50
582.76
885.80
729.05
300.80
546.73
203.56
387.90
172.95
209.68
77.71
44.83
Amundi Funds Equity India Infrastructure - AU ( D )
Amundi Funds Equity India Infrastructure - A2U ( C )
Amundi Funds Equity India Infrastructure - FU ( C )
Amundi Funds Equity India Infrastructure - IU ( C )
Amundi Funds Equity India Infrastructure - I4 ( C )
Amundi Funds Equity India Infrastructure - MU ( C )
Amundi Funds Equity Korea - AE ( C )
Amundi Funds Equity Korea - AU ( D )
Amundi Funds Equity Korea - FU ( C )
Amundi Funds Equity Korea - I2 ( D )
Amundi Funds Equity Korea - MU ( C )
Amundi Funds Equity Korea - XU ( C )
76.00
21.16
93.14
88.93
106.79
31.94
140.63
101.82
16.19
78.66
25.43
112.00
12.70
19.90
8.18
13.23
Amundi Funds Equity Latin America - AE ( C )
Amundi Funds Equity Latin America - AE ( D )
Amundi Funds Equity Latin America - AU ( C )
Amundi Funds Equity Latin America - AU ( D )
Amundi Funds Equity Latin America - A2U ( C )
427.41
693.25
288.35
520.23
196.15
371.56
121.21
199.75
89.54
139.49
61.01
92.12
Amundi Funds Equity Latin America - A2U ( D )
Amundi Funds Equity Latin America - FU ( C )
Amundi Funds Equity Latin America - IU ( C )
Amundi Funds Equity Latin America - MU ( C )
Amundi Funds Equity Latin America - O1 ( C )
79.70
116.13
Amundi Funds Equity Latin America - RU ( C )
Amundi Funds Equity Latin America - SE ( C )
Amundi Funds Equity Latin America - SU ( C )
Amundi Funds Equity Latin America - XU ( C )
Amundi Funds Equity Thailand - AU ( C )
Amundi Funds Equity Thailand - AU ( D )
Amundi Funds Equity Thailand - FU ( C )
Amundi Funds Equity Thailand - IU ( C )
Amundi Funds Equity Thailand - MU ( C )
Amundi Funds Equity Thailand - SU ( C )
Amundi Funds Equity Thailand - XU ( C )
448.88
1,143.53
1,880.56
58.55
76.98
59.10
2,748.98
81.55
10.19
1,239.50
3,635.09
100.59
13.36
1,645.30
984.80
1,389.13
44.40
62.06
39.10
39.11
59.79
40.91
52.50
24.05
67.84
15.13
24.38
2,910.85
1,791.24
2,755.24
1,862.20
2,397.32
1,087.88
3,075.29
998.67
1,101.28
10.81
6.80
10.36
7.14
9.14
7.58
67.84
15.13
24.38
2,076.21
7.75
1,027.54
62.64
1,311.63
59.21
40.91
52.49
43.37
57.37
337
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
Amundi Funds Equity Global Aqua - AE ( C )
102.83
Amundi Funds Equity Global Aqua - FE ( C )
114.60
Amundi Funds Equity Global Aqua - AE ( D )
Amundi Funds Equity Global Aqua - IE ( C )
Amundi Funds Equity Global Aqua - ME ( C )
Amundi Funds Equity Global Aqua - SE ( C )
Amundi Funds Equity Emerging Anti-Benchmark - I6 ( C )
Amundi Funds Equity Emerging Minimum Variance - AU ( C )
Amundi Funds Equity Emerging Minimum Variance - FU ( C )
Highest
Price
115.47
93.32
128.06
105.14
138.76
110.89
96.10
107.91
1,082.08
1,221.03
100.13
112.29
122.97
982.52
1,007.84
98.32
101.31
100.71
999.96
1,087.19
Amundi Funds Equity Emerging Minimum Variance - OU ( C )
992.79
1,105.58
Amundi Funds Equity Emerging Minimum Variance - SU ( C )
Amundi Funds Equity Europe Minimum Variance - AE ( C )
Amundi Funds Equity Europe Minimum Variance - AE ( D )
Amundi Funds Equity Europe Minimum Variance - FE ( C )
Amundi Funds Equity Europe Minimum Variance - IE ( C )
Amundi Funds Equity Europe Minimum Variance - ME ( C )
Amundi Funds Equity Europe Minimum Variance - OE ( C )
Amundi Funds Equity Europe Minimum Variance - SE ( C )
Amundi Funds Equity Global Minimum Variance - AE ( C )
Amundi Funds Equity Global Minimum Variance - AU ( C )
Amundi Funds Equity Global Minimum Variance - AU ( D )
Amundi Funds Equity Global Minimum Variance - FU ( C )
996.71
100.71
103.73
Highest
Price
74.33
94.15
124.61
85.26
106.91
87.24
111.32
104.10
975.78
1,170.75
767.66
91.15
108.59
72.96
133.05
111.02
114.43
99.60
1,819.53
1,449.50
1,742.41
993.20
1,056.88
957.34
1,007.62
96.06
100.09
97.99
107.18
98.87
119.07
114.92
97.38
112.96
142.01
117.39
125.60
105.93
99.37
113.47
97.55
95.12
109.77
135.98
1,147.98
949.68
1,148.00
Amundi Funds Equity Global Minimum Variance - OU ( C )
1,124.18
1,236.59
985.88
1,161.60
108.27
97.63
107.45
Amundi Funds Equity Global Minimum Variance - SU ( C )
Amundi Funds Equity World Anti-Benchmark - AE ( C )
Amundi Funds Equity World Anti-Benchmark - IE ( C )
114.06
101.52
1,016.62
124.50
98.86
1,092.01
Amundi Funds Equity World Anti-Benchmark - SE ( C )
101.43
107.88
97.55
107.39
Amundi Funds Convertible Europe - AE ( D )
102.23
110.44
98.17
105.48
Amundi Funds Convertible Europe - AE ( C )
Amundi Funds Convertible Europe - FE ( C )
Amundi Funds Convertible Europe - IE ( C )
Amundi Funds Convertible Europe - IE ( D )
Amundi Funds Convertible Europe - ME ( C )
Amundi Funds Convertible Europe - SE ( C )
Amundi Funds Convertible Global - AE ( C )
Amundi Funds Convertible Global - AE ( D )
Amundi Funds Convertible Global - A2E ( C )
Amundi Funds Convertible Global - FE ( C )
Amundi Funds Convertible Global - IE ( C )
Amundi Funds Convertible Global - IHU ( C )
Amundi Funds Convertible Global - ME ( C )
Amundi Funds Convertible Global - SE ( C )
Amundi Funds Bond Euro Aggregate - AE ( C )
Amundi Funds Bond Euro Aggregate - AE ( D )
Amundi Funds Bond Euro Aggregate - FE ( C )
Amundi Funds Bond Euro Aggregate - IE ( C )
Amundi Funds Bond Euro Aggregate - I2 ( D )
Amundi Funds Bond Euro Aggregate - ME ( C )
97.94
106.45
105.26
102.75
115.51
113.90
1,083.06
1,179.28
108.28
117.85
1,028.52
104.61
11.22
10.85
11.22
94.42
65.82
86.85
53.28
90.53
979.36
802.85
969.56
669.42
887.81
540.68
915.31
92.16
77.32
92.91
65.16
85.71
52.81
89.94
73.69
91.24
88.57
110.19
99.21
98.59
999.71
109.84
108.60
90.15
101.43
99.85
99.84
111.54
90.59
101.80
99.86
122.22
11.62
9.70
10.86
9.99
97.66
107.96
9.84
11.24
9.42
99.69
10.58
10.73
11.01
9.26
10.70
10.47
7.99
8.11
10.22
1,484.77
1,218.82
1,406.79
1,160.23
1,295.98
1,182.20
1,310.75
1,088.10
1,263.93
947.85
1,192.78
12.00
13.05
102.86
107.96
97.92
109.39
99.83
110.67
91.87
106.71
79.90
100.54
97.95
105.44
99.70
122.27
97.79
105.04
13.01
15.42
11.09
12.99
1,301.69
1,532.73
1,111.18
1,300.00
986.31
112.57
1,052.12
94.76
10.86
107.43
12.42
112.49
116.71
103.98
116.69
111.57
115.66
103.56
115.96
108.70
111.61
103.99
114.04
90.68
10.42
97.96
100.57
11.67
105.44
10.75
99.70
99.69
1,136.61
1,180.90
1,046.08
1,177.14
981.37
1,060.29
997.07
113.32
117.64
104.50
117.32
98.16
105.93
99.70
972.88
997.95
971.96
1,032.38
953.12
1,009.30
997.09
11.84
100.07
15.96
17.42
14.73
16.07
14.86
15.68
10.95
108.94
1,719.69
1,203.22
82.10
133.36
11.26
112.06
1,775.98
137.64
125.06
84.13
1,162.41
Amundi Funds Bond Euro Corporate - RE ( D )
100.24
103.39
338
16.51
103.07
1,611.00
1,184.34
1,122.10
Amundi Funds Bond Euro Corporate - SE ( C )
16.79
1,243.41
Amundi Funds Bond Euro Corporate - OE ( C )
99.64
10.72
100.36
17.00
82.77
116.25
11.39
17.42
112.12
1,767.29
1,255.59
87.10
137.07
97.87
9.90
95.35
1,481.73
1,088.82
80.77
115.09
105.24
10.81
103.88
1,621.38
1,194.44
87.34
125.88
99.69
10.40
99.53
1,486.65
1,144.34
86.49
115.28
11.04
1,000.73
17.44
103.77
8.76
119.79
16.93
116.13
11.53
1,252.33
Amundi Funds Bond Euro Corporate - AE ( C )
112.02
9.99
100.07
1,000.75
Amundi Funds Bond Euro Corporate - RE ( C )
10.13
1,359.21
119.88
Amundi Funds Bond Euro Corporate - ME ( C )
9.13
10.85
1,064.84
Amundi Funds Bond Euro Corporate - I2 ( D )
104.03
9.77
983.88
Amundi Funds Bond Euro Corporate - IE ( D )
61.45
85.95
12.22
103.71
11.62
89.06
1,165.83
Amundi Funds Bond Euro Corporate - IE ( C )
100.89
50.50
137.93
1,215.23
1,050.89
Amundi Funds Bond Euro Corporate - FE ( C )
76.08
81.61
120.44
998.29
113.38
10.13
101.46
1,017.51
1,061.14
11.82
90.34
1,006.43
Amundi Funds Bond Euro Corporate - A2E ( C )
62.38
113.92
905.73
1,003.62
12.22
1,455.38
107.17
1,115.57
1,119.07
100.00
1,369.22
996.91
Amundi Funds Bond Euro Corporate - AE ( D )
Highest
Price
78.43
88.31
Amundi Funds Bond Euro Aggregate - OE ( C )
Amundi Funds Bond Euro Aggregate - SE ( C )
Lowest
Price
118.39
1,017.20
Amundi Funds Equity World Anti-Benchmark - FE ( C )
Highest
Price
101.48
1,073.73
980.79
Lowest
Price
113.36
Amundi Funds Equity Global Minimum Variance - IE ( C )
Amundi Funds Equity Global Minimum Variance - IU ( C )
Highest
Price
110.22
1,642.38
106.51
69.72
Lowest
Price
1,086.12
105.84
128.33
Highest
Price
111.40
87.21
97.63
103.12
Lowest
Price
111.08
Amundi Funds Equity Emerging Minimum Variance - IU ( C )
Amundi Funds Equity Emerging Minimum Variance - I8 ( C )
Lowest
Price
100.07
11.21
100.18
1,565.77
1,227.98
92.29
9.76
1,033.49
1,212.47
8.32
10.13
121.74
101.14
119.20
93.70
72.37
83.91
101.01
12.78
15.13
10.91
12.76
1,046.40
1,152.39
959.46
1,052.46
995.59
1,001.88
15.59
16.98
14.40
15.70
14.57
15.36
83.29
11.13
87.99
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Equity Global Aqua - AE ( C )
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
82.18
109.25
104.12
100.00
94.86
108.51
Amundi Funds Equity Global Aqua - IE ( C )
828.77
1,097.01
950.24
1,088.78
Amundi Funds Equity Global Aqua - SE ( C )
81.78
109.03
94.79
108.33
10.07
12.21
10.24
12.12
9.32
10.71
8.79
9.33
8.65
9.28
8.06
8.73
1,173.49
1,412.51
1,176.60
1,401.97
1,062.48
1,229.39
996.04
1,063.31
8.65
1,048.76
8.06
8.73
10.88
13.22
11.11
13.13
10.13
11.63
9.58
10.14
9.44
10.11
8.81
9.53
12.66
13.43
10.80
10.73
13.11
13.53
13.10
13.64
12.46
13.50
11.68
10.86
11.95
12.61
10.70
12.25
Amundi Funds Bond Euro Corporate - IE ( C )
1,263.65
1,337.10
1,294.99
1,341.10
1,293.93
1,342.89 122,076.00
1,328.11
1,167.78
1,234.88
1,040.98
1,195.88
Amundi Funds Bond Euro Corporate - I2 ( D )
87.15
97.07
96.58
102.41
101.23
109.71
106.06
109.83
105.40
109.03
100.00
108.89
13.36
12.95
13.50
12.36
13.37
11.88
12.52
10.66
12.18
Amundi Funds Equity Global Aqua - AE ( D )
Amundi Funds Equity Global Aqua - FE ( C )
Amundi Funds Equity Global Aqua - ME ( C )
Amundi Funds Equity Emerging Anti-Benchmark - I6 ( C )
78.02
97.39
100.45
103.41
Amundi Funds Equity Emerging Minimum Variance - AU ( C )
Amundi Funds Equity Emerging Minimum Variance - FU ( C )
Amundi Funds Equity Emerging Minimum Variance - IU ( C )
Amundi Funds Equity Emerging Minimum Variance - I8 ( C )
Amundi Funds Equity Emerging Minimum Variance - OU ( C )
Amundi Funds Equity Emerging Minimum Variance - SU ( C )
Amundi Funds Equity Europe Minimum Variance - AE ( C )
Amundi Funds Equity Europe Minimum Variance - AE ( D )
Amundi Funds Equity Europe Minimum Variance - FE ( C )
Amundi Funds Equity Europe Minimum Variance - IE ( C )
Amundi Funds Equity Europe Minimum Variance - ME ( C )
Amundi Funds Equity Europe Minimum Variance - OE ( C )
Amundi Funds Equity Europe Minimum Variance - SE ( C )
Amundi Funds Equity Global Minimum Variance - AE ( C )
Amundi Funds Equity Global Minimum Variance - AU ( C )
Amundi Funds Equity Global Minimum Variance - AU ( D )
Amundi Funds Equity Global Minimum Variance - FU ( C )
Amundi Funds Equity Global Minimum Variance - IE ( C )
Amundi Funds Equity Global Minimum Variance - IU ( C )
Amundi Funds Equity Global Minimum Variance - OU ( C )
Amundi Funds Equity Global Minimum Variance - SU ( C )
Amundi Funds Equity World Anti-Benchmark - AE ( C )
Amundi Funds Equity World Anti-Benchmark - IE ( C )
Amundi Funds Equity World Anti-Benchmark - FE ( C )
Amundi Funds Equity World Anti-Benchmark - SE ( C )
Amundi Funds Convertible Europe - AE ( C )
Amundi Funds Convertible Europe - AE ( D )
Amundi Funds Convertible Europe - FE ( C )
Amundi Funds Convertible Europe - IE ( C )
Amundi Funds Convertible Europe - IE ( D )
Amundi Funds Convertible Europe - ME ( C )
Amundi Funds Convertible Europe - SE ( C )
Amundi Funds Convertible Global - AE ( C )
Amundi Funds Convertible Global - AE ( D )
Amundi Funds Convertible Global - A2E ( C )
Amundi Funds Convertible Global - FE ( C )
Amundi Funds Convertible Global - IE ( C )
Amundi Funds Convertible Global - IHU ( C )
Amundi Funds Convertible Global - ME ( C )
Amundi Funds Convertible Global - SE ( C )
Amundi Funds Bond Euro Aggregate - AE ( C )
9.98
12.15
10.21
12.06
9.30
10.68
8.77
9.31
8.63
9.25
8.04
8.70
Amundi Funds Bond Euro Aggregate - AE ( D )
Amundi Funds Bond Euro Aggregate - FE ( C )
Amundi Funds Bond Euro Aggregate - IE ( C )
Amundi Funds Bond Euro Aggregate - I2 ( D )
Amundi Funds Bond Euro Aggregate - ME ( C )
Amundi Funds Bond Euro Aggregate - OE ( C )
Amundi Funds Bond Euro Aggregate - SE ( C )
Amundi Funds Bond Euro Corporate - AE ( C )
Amundi Funds Bond Euro Corporate - AE ( D )
Amundi Funds Bond Euro Corporate - A2E ( C )
Amundi Funds Bond Euro Corporate - FE ( C )
Amundi Funds Bond Euro Corporate - IE ( D )
Amundi Funds Bond Euro Corporate - ME ( C )
Amundi Funds Bond Euro Corporate - OE ( C )
9.92
95.43
100.10
12.47
13.23
11.27
11.00
11.79
11.05
11.38
10.10
11.36
Amundi Funds Bond Euro Corporate - RE ( C )
Amundi Funds Bond Euro Corporate - RE ( D )
Amundi Funds Bond Euro Corporate - SE ( C )
339
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
Amundi Funds Bond Euro Government - AE ( C )
108.45
Amundi Funds Bond Euro Government - FE ( C )
109.72
Amundi Funds Bond Euro Government - AE ( D )
Highest
Price
112.06
101.63
113.27
103.31
102.18
105.16
Amundi Funds Bond Euro Government - IE ( C )
1,121.15
Amundi Funds Bond Euro Government - OE ( C )
Amundi Funds Bond Euro Government - ME ( C )
Amundi Funds Bond Euro Government - SE ( C )
Amundi Funds Bond Euro Inflation - AE ( C )
Amundi Funds Bond Euro Inflation - AE ( D )
Amundi Funds Bond Euro Inflation - A2E ( D )
Amundi Funds Bond Euro Inflation - FE ( C )
Amundi Funds Bond Euro Inflation - IE ( C )
Amundi Funds Bond Euro Inflation - ME ( C )
Amundi Funds Bond Euro Inflation - OE ( C )
Lowest
Price
1,173.45
1,048.31
1,173.01
965.15
1,066.83
133.73
137.19
129.79
141.02
116.84
133.80
121.59
124.70
118.98
128.21
107.00
121.59
100.37
1,409.03
115.94
110.51
124.61
102.91
1,446.61
119.03
100.52
118.98
98.03
Amundi Funds Bond Euro High Yield - I2 ( D )
Amundi Funds Bond Euro High Yield - ME ( C )
99.16
969.87
17.44
10.84
17.44
110.00
99.89
2,018.22
1,049.55
70.68
139.09
Amundi Funds Bond Euro High Yield - OE ( C )
1,094.64
Amundi Funds Bond Euro High Yield - SE ( C )
16.86
Amundi Funds Bond Euro High Yield - RE ( C )
Amundi Funds Bond Euro High Yield - SE-MD ( D )
Amundi Funds Bond Euro High Yield Short Term - AE ( C )
Amundi Funds Bond Euro High Yield Short Term - FE ( C )
Amundi Funds Bond Euro High Yield Short Term - FE-MD ( D )
99.92
100.31
996.05
11.40
18.74
117.86
103.63
2,177.31
1,111.85
72.65
150.06
Amundi Funds Bond Euro High Yield Short Term - SE-MD ( D )
Amundi Funds Bond Global Corporate - AE ( C )
Amundi Funds Bond Global Corporate - AE ( D )
Amundi Funds Bond Global Corporate - AHE ( C )
99.81
120.24
106.70
108.07
Amundi Funds Bond Global Corporate - IHE ( C )
Amundi Funds Bond Global Corporate - OU ( C )
Amundi Funds Bond Global Corporate - SU ( C )
13.28
15.78
13.83
16.08
10.58
14.86
7.80
11.45
1,143.87
1,665.14
839.11
1,220.32
Amundi Funds Bond US Opportunistic Core Plus - AE ( C )
Amundi Funds Bond US Opportunistic Core Plus - FU ( C )
99.02
100.18
1,786.10
2,089.12
1,512.13
1,803.66
1,553.00
1,822.92
1,000.31
70.84
123.09
1,107.41
75.84
102.96
340
105.09
7.61
11.18
100.00
106.38
102.96
1,180.23
1,309.32
1,173.94
1,281.79
1,016.56
1,199.74
833.85
1,015.76
140.88
115.90
127.88
116.32
126.42
100.84
119.28
82.46
100.75
111.95
99.51
106.27
12.94
100.10
100.17
109.48
1,451.13
109.38
106.26
105.68
103.65
108.82
94.92
100.46
108.07
95.68
108.36
105.45
105.36
112.18
110.83
111.02
1,059.24
Amundi Funds Bond US Opportunistic Core Plus - SU ( C )
14.46
93.58
1,001.35
95.92
10.31
113.11
1,023.65
Amundi Funds Bond US Opportunistic Core Plus - SHE-QD ( D )
15.60
101.19
1,004.50
103.98
13.45
82.76
Amundi Funds Bond US Opportunistic Core Plus - IU ( D )
Amundi Funds Bond US Opportunistic Core Plus - SHE ( C )
15.31
120.00
1,127.98
102.51
12.88
101.29
1,065.03
102.00
1,124.82
127.46
1,104.56
Amundi Funds Bond US Opportunistic Core Plus - MU ( C )
998.04
117.07
1,068.82
Amundi Funds Bond US Opportunistic Core Plus - MHE ( C )
80.72
106.22
128.85
1,072.08
51.53
112.82
Amundi Funds Bond US Opportunistic Core Plus - IHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - IU ( C )
86.46
129.26
1,035.50
106.04
1,108.24
105.42
106.00
107.40
98.33
108.56
1,064.69
101.79
101.90
104.43
97.55
105.11
9.75
114.83
116.94
65.80
6.22
105.82
100.00
142.60
86.93
11.10
94.52
125.70
112.13
78.85
1,080.77
8.44
112.73
107.45
122.09
980.79
127.88
82.14
999.37
105.26
124.32
98.08
116.03
104.93
66.56
1,062.35
100.19
121.02
93.25
851.06
117.94
113.63
104.64
11.44
100.70
1,084.88
102.95
10.33
114.97
84.62
112.68
109.75
11.05
109.45
114.06
997.99
106.22
8.79
114.97
98.72
1,096.36
Amundi Funds Bond US Opportunistic Core Plus - AU ( D )
Amundi Funds Bond US Opportunistic Core Plus - FHE-QD ( D )
18.07
1,040.04
105.89
Amundi Funds Bond US Opportunistic Core Plus - FHE ( C )
17.29
1,309.32
Amundi Funds Bond US Opportunistic Core Plus - AHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - AU ( C )
11.39
117.41
140.63
1,289.42
18.07
10.30
1,454.05
134.68
1,151.07
124.07
109.85
109.69
1,388.81
Amundi Funds Bond Global Corporate - MU ( C )
1,372.82
111.11
102.76
104.77
Amundi Funds Bond Global Corporate - IU ( C )
1,282.70
122.22
131.18
97.31
1,036.32
125.16
123.24
129.26
990.52
111.97
133.46
142.50
115.00
109.34
126.78
129.11
112.03
Amundi Funds Bond Global Corporate - FU ( C )
Amundi Funds Bond Global Corporate - AU ( D )
128.35
131.89
107.26
102.51
136.37
132.60
121.44
115.23
1,019.91
114.45
98.23
Amundi Funds Bond Global Corporate - AU ( C )
100.87
124.37
138.44
947.50
118.31
125.29
99.30
130.66
1,009.06
100.98
100.18
101.20
123.21
993.08
98.17
102.42
127.82
1,022.10
1,011.47
103.25
98.76
104.29
889.99
100.23
984.43
100.01
106.23
1,081.98
122.01
100.99
Amundi Funds Bond Euro High Yield Short Term - ME ( C )
100.00
994.75
111.73
98.19
1,008.02
135.00
Highest
Price
1,400.14
102.53
101.17
128.31
Lowest
Price
1,332.89
17.48
1,033.98
103.25
95.37
Highest
Price
1,399.57
15.07
101.26
96.72
Lowest
Price
1,220.62
18.10
990.61
Amundi Funds Bond Euro High Yield Short Term - SE ( C )
88.46
100.72
Highest
Price
1,482.76
1,132.29
100.64
99.07
999.82
105.99
107.15
999.76
1,184.25
Amundi Funds Bond Euro High Yield Short Term - IE ( C )
Amundi Funds Bond Euro High Yield Short Term - IE ( D )
128.22
98.15
104.25
102.00
99.92
111.26
102.98
143.98
96.60
98.78
116.15
92.76
Lowest
Price
1,360.13
15.56
Amundi Funds Bond Euro High Yield - IE ( D )
105.24
1,132.54
18.74
Amundi Funds Bond Euro High Yield - IE ( C )
102.14
1,062.78
127.84
Amundi Funds Bond Euro High Yield - FE-MD ( D )
114.20
1,030.25
134.55
Amundi Funds Bond Euro High Yield - FE ( C )
103.50
1,163.09
104.35
131.20
Amundi Funds Bond Euro High Yield - A2E ( C )
95.34
1,044.04
115.78
Amundi Funds Bond Euro Inflation - SE ( C )
Amundi Funds Bond Euro High Yield - AE ( D )
112.73
1,159.69
111.95
100.73
Amundi Funds Bond Euro High Yield - AE ( C )
Highest
Price
107.59
99.67
Amundi Funds Bond Euro Inflation - XE ( C )
Lowest
Price
98.90
Amundi Funds Bond Euro Inflation - RE ( C )
Amundi Funds Bond Euro Inflation - RE ( D )
Highest
Price
99.41
99.01
99.50
98.81
99.50
99.49
123.38
106.04
104.87
105.47
105.37
995.23
1,065.61
107.72
99.25
101.84
110.01
98.87
104.48
1,130.58
108.18
103.30
111.06
995.17
99.26
99.98
99.35
1,065.15
101.94
99.98
105.15
99.11
38.61
99.40
99.40
994.24
994.23
114.05
130.88
100.09
134.96
156.00
1,442.24
1,776.11
100.00
109.67
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Bond Euro Government - AE ( C )
Amundi Funds Bond Euro Government - AE ( D )
Amundi Funds Bond Euro Government - FE ( C )
Amundi Funds Bond Euro Government - IE ( C )
Amundi Funds Bond Euro Government - ME ( C )
Amundi Funds Bond Euro Government - OE ( C )
Amundi Funds Bond Euro Government - SE ( C )
Amundi Funds Bond Euro Inflation - AE ( C )
110.92
120.82
118.52
109.30
110.47
116.62
111.85
119.84
105.71
117.93
99.15
106.69
97.49
103.09
1,132.21
1,237.69
1,127.31
1,186.85
1,135.28
1,213.38
1,064.27
1,192.46
994.26
1,072.82
975.74
1,032.56
110.33
120.03
109.90
116.14
111.53
119.63
110.85
117.80
11.35
13.41
12.45
13.61
11.69
12.61
10.79
12.06
9.69
10.91
8.17
9.82
Amundi Funds Bond Euro High Yield - IE ( C )
1,205.83
1,412.45
1,296.66
1,431.65
1,205.12
1,311.65
1,102.31
1,239.52
981.93
1,111.88
825.88
993.78
Amundi Funds Bond Euro High Yield - I2 ( D )
80.72
101.86
100.24
104.25
100.04
103.18
95.92
105.58
97.51
101.09
11.09
13.12
12.20
13.31
11.48
12.36
10.63
11.85
9.56
10.74
8.10
9.68
96.94
101.20
972.65
1,013.26
96.76
101.14
Amundi Funds Bond Euro Inflation - AE ( D )
Amundi Funds Bond Euro Inflation - A2E ( D )
Amundi Funds Bond Euro Inflation - FE ( C )
Amundi Funds Bond Euro Inflation - IE ( C )
Amundi Funds Bond Euro Inflation - ME ( C )
Amundi Funds Bond Euro Inflation - OE ( C )
109.74
97.88
100.20
116.01
111.81
119.81
107.35
117.90
Amundi Funds Bond Euro Inflation - RE ( C )
Amundi Funds Bond Euro Inflation - RE ( D )
Amundi Funds Bond Euro Inflation - SE ( C )
Amundi Funds Bond Euro Inflation - XE ( C )
Amundi Funds Bond Euro High Yield - AE ( C )
Amundi Funds Bond Euro High Yield - AE ( D )
Amundi Funds Bond Euro High Yield - A2E ( C )
9.67
12.00
11.43
12.18
11.34
12.12
10.98
12.06
Amundi Funds Bond Euro High Yield - FE ( C )
Amundi Funds Bond Euro High Yield - FE-MD ( D )
Amundi Funds Bond Euro High Yield - IE ( D )
Amundi Funds Bond Euro High Yield - ME ( C )
Amundi Funds Bond Euro High Yield - OE ( C )
Amundi Funds Bond Euro High Yield - RE ( C )
Amundi Funds Bond Euro High Yield - SE ( C )
Amundi Funds Bond Euro High Yield - SE-MD ( D )
Amundi Funds Bond Euro High Yield Short Term - AE ( C )
Amundi Funds Bond Euro High Yield Short Term - FE ( C )
Amundi Funds Bond Euro High Yield Short Term - FE-MD ( D )
Amundi Funds Bond Euro High Yield Short Term - IE ( C )
Amundi Funds Bond Euro High Yield Short Term - IE ( D )
Amundi Funds Bond Euro High Yield Short Term - ME ( C )
Amundi Funds Bond Euro High Yield Short Term - SE ( C )
Amundi Funds Bond Euro High Yield Short Term - SE-MD ( D )
Amundi Funds Bond Global Corporate - AE ( C )
Amundi Funds Bond Global Corporate - AE ( D )
Amundi Funds Bond Global Corporate - AHE ( C )
Amundi Funds Bond Global Corporate - AU ( C )
Amundi Funds Bond Global Corporate - AU ( D )
Amundi Funds Bond Global Corporate - FU ( C )
Amundi Funds Bond Global Corporate - IHE ( C )
Amundi Funds Bond Global Corporate - IU ( C )
Amundi Funds Bond Global Corporate - MU ( C )
Amundi Funds Bond Global Corporate - OU ( C )
Amundi Funds Bond Global Corporate - SU ( C )
Amundi Funds Bond US Opportunistic Core Plus - AE ( C )
Amundi Funds Bond US Opportunistic Core Plus - AHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - AU ( C )
Amundi Funds Bond US Opportunistic Core Plus - AU ( D )
Amundi Funds Bond US Opportunistic Core Plus - FHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - FHE-QD ( D )
Amundi Funds Bond US Opportunistic Core Plus - FU ( C )
Amundi Funds Bond US Opportunistic Core Plus - IHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - IU ( C )
Amundi Funds Bond US Opportunistic Core Plus - IU ( D )
Amundi Funds Bond US Opportunistic Core Plus - MHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - MU ( C )
Amundi Funds Bond US Opportunistic Core Plus - SHE ( C )
Amundi Funds Bond US Opportunistic Core Plus - SHE-QD ( C )
Amundi Funds Bond US Opportunistic Core Plus - SU ( C )
341
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Bond Europe - AE ( C )
161.07
167.72
148.71
168.15
132.38
150.30
141.46
149.25
Amundi Funds Bond Europe - FE ( C )
111.24
115.69
103.29
116.31
92.27
104.48
99.10
99.77
Amundi Funds Bond Europe - AE ( D )
Amundi Funds Bond Europe - IE ( C )
Amundi Funds Bond Europe - ME ( C )
Amundi Funds Bond Europe - RE ( C )
106.56
1,572.50
1,639.98
99.49
100.33
123.93
Amundi Funds Bond Europe - SE ( C )
158.33
Amundi Funds Bond Global Aggregate - AE ( D )
115.61
Amundi Funds Bond Global Aggregate - AE ( C )
Amundi Funds Bond Global Aggregate - AHC ( C )
Amundi Funds Bond Global Aggregate - AHE ( C )
Amundi Funds Bond Global Aggregate - AHE ( D )
117.93
97.94
99.16
99.52
Amundi Funds Bond Global Aggregate - AU ( C )
196.95
Amundi Funds Bond Global Aggregate - FHE ( C )
107.84
Amundi Funds Bond Global Aggregate - FU ( C )
109.10
Amundi Funds Bond Global Aggregate - AU ( D )
Amundi Funds Bond Global Aggregate - FHE-MD ( D )
110.34
111.11
Amundi Funds Bond Global Aggregate - OU ( C )
Amundi Funds Bond Global Aggregate - RHE ( C )
Amundi Funds Bond Global Aggregate - RHE ( D )
Amundi Funds Bond Global Aggregate - RHG ( C )
Amundi Funds Bond Global Aggregate - RHG ( D )
111.42
122.77
164.80
146.46
165.38
130.52
148.06
139.87
147.52
128.76
143.23
107.18
128.97
123.35
113.16
126.03
92.22
119.64
99.65
106.16
125.19
161.42
98.62
125.14
1,232.23
1,525.13
991.62
1,231.88
98.04
100.15
125.24
100.46
100.44
202.17
179.50
110.42
99.40
114.02
Amundi Funds Bond Global Aggregate - SU ( C )
194.38
1,009.68
114.44
126.26
103.04
102.45
102.37
Amundi Funds Bond Global - IE-D ( D )
Amundi Funds Bond Global - IU ( C )
Amundi Funds Bond Global - IU ( D )
Amundi Funds Bond Global - I5 ( D )
Amundi Funds Bond Global - MHE ( C )
Amundi Funds Bond Global - MU ( C )
Amundi Funds Bond Global - OU ( C )
Amundi Funds Bond Global - SHE ( C )
Amundi Funds Bond Global - SHE-MD ( D )
Amundi Funds Bond Global - SU ( C )
15.35
Amundi Funds Bond Global Inflation - RE ( C )
Amundi Funds Bond Global Inflation - RE ( D )
Amundi Funds Bond Global Inflation - SHU ( C )
Amundi Funds Bond Global Inflation - SE ( C )
Amundi Funds Bond Enhanced RMB - AU ( C )
Amundi Funds Bond Enhanced RMB - FHE ( C )
Amundi Funds Bond Enhanced RMB - FHE ( D )
Amundi Funds Bond Enhanced RMB - IU ( C )
26.48
16.10
102.31
97.48
102.91
2,447.64
2,592.76
94.33
904.58
1,866.55
132.86
98.45
966.65
1,938.45
114.89
85.69
101.70
99.29
100.00
113.43
85.30
101.36
98.78
100.70
200.49
150.48
178.60
156.32
177.93
124.52
160.27
98.36
124.48
112.39
90.05
106.33
25.48
20.33
23.88
17.12
20.35
2,026.96
2,345.85
1,736.30
2,033.19
947.72
1,138.82
810.46
962.43
101.16
111.23
23.77
25.13
1,065.67
1,047.27
126.56
111.78
98.35
110.29
14.84
24.94
15.32
26.36
16.19
26.35
16.19
83.41
91.08
20.82
13.49
92.14
103.22
84.30
92.27
102.76
84.21
91.69
100.35
907.45
1,010.49
1,830.49
1,964.84
2,280.59
2,575.44
99.19
101.47
998.30
1,123.70
86.01
94.41
22.38
99.64
85.24
99.60
107.55
24.92
17.35
98.97
22.90
16.26
100.26
100.60
17.98
103.96
101.08
1,004.19
1,657.03
2,145.34
2,467.29
98.26
1,166.56
1,998.37
2,177.25
2,257.86
2,502.68
112.36
134.25
122.88
136.43
105.50
85.52
103.02
99.71
104.65
25.03
20.36
24.38
22.46
110.74
17.54
97.48
118.94
95.58
100.00
1,880.51
110.32
24.98
19.98
100.10
106.64
98.43
103.65
110.98
2,126.23
23.44
16.84
20.00
99.96
105.43
1,154.21
1,258.84
1,121.17
1,210.61
1,043.28
1,123.15
999.77
1,059.79
111.77
122.11
110.26
118.21
103.44
110.51
99.95
105.26
117.73
105.02
113.30
99.20
105.21
100.09
102.24
115.58
100.43
100.29
100.01
100.46
Amundi Funds Bond Enhanced RMB - SU ( C )
100.09
102.15
11.28
100.47
1,882.79
110.44
109.71
106.16
1,607.97
94.25
102.21
107.92
15.53
127.86
109.60
99.47
13.06
100.09
974.34
139.83
79.84
15.51
102.19
806.58
2,065.39
98.50
101.82
99.87
101.76
100.01
111.95
101.18
98.84
10.89
22.92
109.40
1,013.71
99.77
118.31
100.06
974.54
100.06
105.80
103.33
1,196.34
111.29
104.61
123.08
1,150.77
98.34
96.16
112.70
102.83
98.36
93.95
100.81
103.47
116.62
99.26
107.54
99.11
93.87
93.04
Amundi Funds Bond Enhanced RMB - SHE ( C )
342
1,679.15
104.98
89.11
100.32
1,023.27
Amundi Funds Bond Enhanced RMB - SHE-MD ( D )
85.24
1,499.11
124.03
1,134.62
1,000.55
Amundi Funds Bond Enhanced RMB - PU ( C )
112.67
1,702.05
140.76
1,067.06
99.54
Amundi Funds Bond Global Inflation - OE ( C )
100.29
1,431.96
102.14
26.47
97.83
Amundi Funds Bond Global Inflation - FE ( C )
Amundi Funds Bond Global Inflation - ME ( C )
98.29
101.19
101.58
1,918.53
177.44
115.12
112.27
Amundi Funds Bond Global Inflation - IE ( C )
100.03
84.65
99.86
1,693.12
199.38
111.25
Amundi Funds Bond Global Inflation - AE ( C )
Amundi Funds Bond Global Inflation - AE ( D )
84.46
108.07
1,001.17
100.70
15.94
Amundi Funds Bond Global - FU ( C )
111.44
100.11
987.92
112.67
15.35
Amundi Funds Bond Global - FHE-MD ( C )
179.59
107.53
102.14
Amundi Funds Bond Global - AU ( D )
Amundi Funds Bond Global - FHE ( C )
157.49
89.11
101.39
108.61
Amundi Funds Bond Global - A2U ( D )
99.47
1,066.24
1,000.82
102.68
24.98
83.93
962.87
100.16
1,045.15
1,914.72
101.52
Amundi Funds Bond Global - A2U ( C )
109.56
105.55
1,000.39
100.17
24.99
99.32
97.39
1,062.93
Amundi Funds Bond Global - AE ( D )
Amundi Funds Bond Global - AU ( C )
113.44
180.66
104.02
109.92
116.68
107.45
152.05
114.58
99.63
99.70
89.12
115.07
203.10
103.62
Amundi Funds Bond Global Aggregate - SHE ( C )
Amundi Funds Bond Global - AE ( C )
111.80
105.16
100.87
99.64
101.15
101.82
1,133.29
100.00
Amundi Funds Bond Global Aggregate - SHE-MD ( D )
127.57
1,000.07
Amundi Funds Bond Global Aggregate - RU ( C )
Amundi Funds Bond Global Aggregate - RU ( D )
113.43
129.29
1,135.91
100.00
107.39
1,263.33
113.93
1,097.64
100.35
130.18
87.03
1,062.97
1,861.48
Amundi Funds Bond Global Aggregate - MU ( C )
108.04
111.74
1,389.32
Amundi Funds Bond Global Aggregate - IU ( C )
Amundi Funds Bond Global Aggregate - MHE ( C )
144.79
104.70
1,261.29
1,030.13
1,016.09
129.97
1,440.18
1,000.87
Amundi Funds Bond Global Aggregate - IU ( D )
115.18
1,364.26
Amundi Funds Bond Global Aggregate - IHCA ( D )
1,033.62
103.53
1,460.44
1,047.49
Amundi Funds Bond Global Aggregate - IHE ( C )
104.75
Highest
Price
1,283.46
987.76
982.74
92.26
Lowest
Price
1,640.25
103.52
Amundi Funds Bond Global Aggregate - IHC ( C )
113.36
Highest
Price
1,446.05
129.23
100.91
Amundi Funds Bond Global Aggregate - IE ( C )
103.65
Lowest
Price
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Bond Europe - AE ( C )
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
120.23
130.19
121.62
126.46
110.59
107.55
119.73
124.03
109.10
120.80
106.83
102.90
109.15
111.16
100.31
112.42
1,181.17
1,276.81
1,184.65
1,236.97
1,161.27
1,205.53
1,054.29
1,171.29
1,029.76
1,072.95
996.64
1,081.62
119.34
129.38
121.22
125.77
119.55
123.72
115.56
120.63
98.78
101.22
991.08
1,013.86
98.60
101.13
17.29
19.58
16.55
17.62
15.97
16.85
14.81
16.96
13.21
15.68
13.59
10.50
11.50
14.50
Amundi Funds Bond Global - IU ( C )
1,743.07
1,981.07
1,661.31
1,774.64
1,598.74
1,691.41
1,474.75
1,692.94
1,311.31
1,559.06
1,137.01
1,438.43
Amundi Funds Bond Global - I5 ( D )
816.79
942.98
917.20
980.34
944.79
1,017.66
14.69
16.82
13.13
15.57
11.46
14.42
Amundi Funds Bond Europe - AE ( D )
Amundi Funds Bond Europe - FE ( C )
Amundi Funds Bond Europe - IE ( C )
Amundi Funds Bond Europe - ME ( C )
Amundi Funds Bond Europe - RE ( C )
Amundi Funds Bond Europe - SE ( C )
Amundi Funds Bond Global Aggregate - AE ( C )
101.76
93.27
112.06
100.84
107.43
111.74
101.13
109.85
100.29
111.30
Amundi Funds Bond Global Aggregate - AE ( D )
Amundi Funds Bond Global Aggregate - AHC ( C )
Amundi Funds Bond Global Aggregate - AHE ( C )
Amundi Funds Bond Global Aggregate - AHE ( D )
Amundi Funds Bond Global Aggregate - AU ( C )
Amundi Funds Bond Global Aggregate - AU ( D )
Amundi Funds Bond Global Aggregate - FHE ( C )
Amundi Funds Bond Global Aggregate - FHE-MD ( D )
Amundi Funds Bond Global Aggregate - FU ( C )
Amundi Funds Bond Global Aggregate - IE ( C )
Amundi Funds Bond Global Aggregate - IHC ( C )
Amundi Funds Bond Global Aggregate - IHCA ( D )
Amundi Funds Bond Global Aggregate - IHE ( C )
Amundi Funds Bond Global Aggregate - IU ( C )
Amundi Funds Bond Global Aggregate - IU ( D )
Amundi Funds Bond Global Aggregate - MHE ( C )
Amundi Funds Bond Global Aggregate - MU ( C )
Amundi Funds Bond Global Aggregate - OU ( C )
Amundi Funds Bond Global Aggregate - RHE ( C )
Amundi Funds Bond Global Aggregate - RHE ( D )
Amundi Funds Bond Global Aggregate - RHG ( C )
Amundi Funds Bond Global Aggregate - RHG ( D )
Amundi Funds Bond Global Aggregate - RU ( C )
Amundi Funds Bond Global Aggregate - RU ( D )
Amundi Funds Bond Global Aggregate - SHE ( C )
Amundi Funds Bond Global Aggregate - SHE-MD ( D )
Amundi Funds Bond Global Aggregate - SU ( C )
Amundi Funds Bond Global - AE ( C )
Amundi Funds Bond Global - AE ( D )
Amundi Funds Bond Global - AU ( C )
Amundi Funds Bond Global - AU ( D )
Amundi Funds Bond Global - A2U ( C )
14.09
15.55
13.73
14.36
13.25
14.07
12.75
14.29
11.75
12.90
Amundi Funds Bond Global - A2U ( D )
Amundi Funds Bond Global - FHE ( C )
Amundi Funds Bond Global - FHE-MD ( C )
Amundi Funds Bond Global - FU ( C )
Amundi Funds Bond Global - IE-D ( D )
Amundi Funds Bond Global - IU ( D )
Amundi Funds Bond Global - MHE ( C )
Amundi Funds Bond Global - MU ( C )
Amundi Funds Bond Global - OU ( C )
1,740.07
1,919.37
99.42
107.55
17.05
19.28
1,661.30
1,773.09
1,649.60
1,672.26
Amundi Funds Bond Global - SHE ( C )
Amundi Funds Bond Global - SHE-MD ( D )
Amundi Funds Bond Global - SU ( C )
Amundi Funds Bond Global Inflation - AE ( C )
16.36
17.39
15.80
16.66
Amundi Funds Bond Global Inflation - AE ( D )
Amundi Funds Bond Global Inflation - FE ( C )
Amundi Funds Bond Global Inflation - IE ( C )
Amundi Funds Bond Global Inflation - ME ( C )
Amundi Funds Bond Global Inflation - OE ( C )
Amundi Funds Bond Global Inflation - RE ( C )
Amundi Funds Bond Global Inflation - RE ( D )
Amundi Funds Bond Global Inflation - SHU ( C )
Amundi Funds Bond Global Inflation - SE ( C )
Amundi Funds Bond Enhanced RMB - AU ( C )
Amundi Funds Bond Enhanced RMB - FHE ( C )
Amundi Funds Bond Enhanced RMB - FHE ( D )
Amundi Funds Bond Enhanced RMB - IU ( C )
Amundi Funds Bond Enhanced RMB - PU ( C )
Amundi Funds Bond Enhanced RMB - SHE ( C )
Amundi Funds Bond Enhanced RMB - SHE-MD ( D )
Amundi Funds Bond Enhanced RMB - SU ( C )
343
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Bond Asian Local Debt - AU ( C )
Amundi Funds Bond Asian Local Debt - IU ( C )
Amundi Funds Bond Asian Local Debt - SU ( C )
Amundi Funds Bond Emerging Inflation - AU ( C )
Amundi Funds Bond Emerging Inflation - AU ( D )
Amundi Funds Bond Emerging Inflation - FU ( C )
Amundi Funds Bond Emerging Inflation - IE ( C )
Amundi Funds Bond Emerging Inflation - IU ( C )
Amundi Funds Bond Emerging Inflation - OU ( C )
Amundi Funds Bond Emerging Inflation - SU ( C )
Amundi Funds Bond Global Emerging - AE ( C )
Amundi Funds Bond Global Emerging - AE ( D )
Amundi Funds Bond Global Emerging - AU ( C )
Amundi Funds Bond Global Emerging - AU ( D )
Amundi Funds Bond Global Emerging - A2U ( C )
Amundi Funds Bond Global Emerging - FHE ( C )
Amundi Funds Bond Global Emerging - FHE-MD ( C )
Amundi Funds Bond Global Emerging - FU ( C )
Amundi Funds Bond Global Emerging - IU ( C )
Amundi Funds Bond Global Emerging - IU ( D )
Amundi Funds Bond Global Emerging - I10 ( C )
Amundi Funds Bond Global Emerging - MHE ( C )
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
99.22
1,224.13
99.14
87.30
Highest
Price
Lowest
Price
103.37
94.88
89.56
100.27
1,014.51
1,116.90
1,056.93
985.62
1,007.02
975.00
97.18
107.77
103.88
25.67
28.19
26.64
86.79
88.66
13.97
25.66
87.00
77.48
89.78
97.14
974.88
94.29
101.51
15.40
28.18
95.32
84.51
98.51
91.83
916.91
89.08
97.85
14.70
26.63
Amundi Funds Bond Global Emerging - SHE ( C )
88.14
96.61
91.56
Amundi Funds Bond Global Emerging Corporate - AE ( D )
Amundi Funds Bond Global Emerging Corporate - AHE ( C )
Amundi Funds Bond Global Emerging Corporate - AU ( C )
Amundi Funds Bond Global Emerging Corporate - AU ( D )
Amundi Funds Bond Global Emerging Corporate - FHE ( C )
Amundi Funds Bond Global Emerging Corporate - FHE-MD ( D )
Amundi Funds Bond Global Emerging Corporate - FU ( C )
Amundi Funds Bond Global Emerging Corporate - IHE ( C )
Amundi Funds Bond Global Emerging Corporate - IU ( C )
Amundi Funds Bond Global Emerging Corporate - OU ( C )
Amundi Funds Bond Global Emerging Corporate - SHE ( C )
Amundi Funds Bond Global Emerging Corporate - SHE-MD ( D )
Amundi Funds Bond Global Emerging Corporate - SU ( C )
Amundi Funds Multi Asset Emerging Markets - AHE ( C )
Amundi Funds Multi Asset Emerging Markets - AU ( C )
Amundi Funds Multi Asset Emerging Markets - FHE ( C )
Amundi Funds Multi Asset Emerging Markets - FU ( C )
86.00
27.36
95.53
101.00
96.02
100.82
96.28
99.84
91.24
17.06
30.91
94.98
95.31
94.10
92.70
732.88
105.99
86.08
103.16
99.78
102.55
29.97
23.71
28.14
23.54
28.30
19.09
24.27
11.34
19.51
85.97
106.42
74.09
99.76
57.52
101.55
575.71
1,015.55
1,115.55
111.62
73.98
103.26
836.62
1,126.24
744.10
1,038.18
862.76
1,069.19
742.06
1,000.62
94.76
127.52
84.22
117.52
97.71
121.05
96.05
113.33
1,015.81
92.76
101.15
101.85
90.75
106.54
95.58
87.87
1,087.89
933.30
97.34
86.07
97.69
90.56
85.56
87.28
106.33
100.77
98.82
Amundi Funds Multi Asset Emerging Markets - IHE ( C )
919.17
1,023.23
909.64
1,066.96
Amundi Funds Multi Asset Emerging Markets - OU ( C )
872.11
972.98
862.66
1,016.28
91.14
101.38
90.47
Amundi Funds Index Equity Emerging Markets - IE ( C )
998.24
1,008.13
Amundi Funds Index Equity Euro - AE ( C )
102.30
123.62
Amundi Funds Multi Asset Emerging Markets - IU ( C )
Amundi Funds Multi Asset Emerging Markets - SHE ( C )
Amundi Funds Multi Asset Emerging Markets - SU ( C )
Amundi Funds Index Equity Emerging Markets - AU ( C )
Amundi Funds Index Equity Emerging Markets - IU ( C )
Amundi Funds Index Equity Euro - AE ( D )
Amundi Funds Index Equity Euro - IE ( C )
Amundi Funds Index Equity Euro - IE ( D )
Amundi Funds Index Equity Euro - ME ( C )
922.35
86.58
99.70
997.18
124.66
1,027.95
96.20
101.15
1,011.73
86.01
83.04
102.98
1,110.30
770.93
1,248.82
116.89
141.35
933.25
911.84
148.45
1,032.45
1,069.23
101.20
106.45
136.01
1,018.04
93.75
701.01
131.06
981.47
112.48
839.83
Amundi Funds Index Equity Euro - OE ( C )
977.39
1,182.78
791.26
1,066.06
703.15
980.84
930.22
Amundi Funds Index Equity Europe - AE ( D )
128.60
144.86
113.16
139.78
95.41
123.32
105.90
1,041.10
893.54
Amundi Funds Index Equity Europe - AE ( C )
Amundi Funds Index Equity Europe - IE ( C )
Amundi Funds Index Equity Europe - IE ( D )
Amundi Funds Index Equity Europe - ME ( C )
Amundi Funds Index Equity Europe - OE ( C )
344
119.70
137.71
103.03
130.11
85.83
109.65
1,208.05
1,391.10
1,037.93
1,312.81
863.25
1,103.79
178.15
205.09
153.13
193.61
127.41
162.88
1,085.12
1,081.01
1,221.61
1,245.42
102.19
99.36
798.19
104.09
91.52
99.48
103.01
95.41
101.47
102.04
104.99
100.04
91.28
83.91
104.71
95.26
92.66
102.18
131.13
1,264.79
100.33
101.38
103.73
1,113.00
99.99
102.22
153.73
1,225.18
985.50
954.82
927.91
14.53
128.29
1,165.05
935.82
1,413.42
7.82
154.70
103.93
97.14
825.73
15.46
130.98
95.38
771.45
92.52
83.18
13.19
168.33
108.85
100.15
733.68
19.88
17.16
1,744.82
96.43
94.33
11.57
15.00
1,368.83
82.88
96.35
24.82
17.24
101.72
2,034.10
104.91
100.04
13.96
105.32
1,697.89
983.33
94.42
98.98
91.52
97.86
2,045.43
98.38
98.74
84.36
101.71
1,733.07
1,018.79
96.12
19.49
28.86
30.91
879.82
25.87
28.73
24.33
113.52
1,006.15
936.16
24.09
108.03
120.52
86.08
94.00
100.00
93.66
105.77
868.04
99.87
94.97
1,018.31
851.12
108.24
144.46
Amundi Funds Bond Global Emerging Corporate - AE ( C )
Highest
Price
97.68
944.08
921.28
24.92
Lowest
Price
1,000.00
1,155.24
1,087.13
87.41
93.28
154.60
Amundi Funds Bond Global Emerging - SU ( C )
Highest
Price
950.06
1,121.46
837.85
78.78
Lowest
Price
979.18
965.49
109.09
2,230.97
850.46
Highest
Price
100.00
1,256.77
1,912.07
90.91
Lowest
Price
94.97
108.42
85.51
939.89
97.71
97.40
2,047.30
976.75
84.70
104.91
81.62
140.56
Amundi Funds Bond Global Emerging - SHE-MD ( D )
119.04
90.42
Amundi Funds Bond Global Emerging - MU ( C )
Amundi Funds Bond Global Emerging - OU ( C )
106.33
1,861.33
908.21
Highest
Price
103.40
106.14
895.74
Lowest
Price
1,274.63
97.74
89.39
Highest
Price
1,179.21
1,174.61
803.97
771.10
986.43
91.34
135.10
1,010.79
971.90
97.40
742.06
130.47
974.01
575.71
1,015.55
113.23
74.62
103.65
58.75
100.00
916.55
1,137.64
747.34
1,039.61
587.97
1,000.00
135.36
167.96
110.43
153.56
86.89
120.15
916.02
127.77
1,077.93
1,001.26
98.16
747.35
120.14
1,013.55
587.98
1,000.00
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Bond Asian Local Debt - AU ( C )
Amundi Funds Bond Asian Local Debt - IU ( C )
Amundi Funds Bond Asian Local Debt - SU ( C )
Amundi Funds Bond Emerging Inflation - AU ( C )
Amundi Funds Bond Emerging Inflation - AU ( D )
Amundi Funds Bond Emerging Inflation - FU ( C )
Amundi Funds Bond Emerging Inflation - IE ( C )
Amundi Funds Bond Emerging Inflation - IU ( C )
Amundi Funds Bond Emerging Inflation - OU ( C )
Amundi Funds Bond Emerging Inflation - SU ( C )
Amundi Funds Bond Global Emerging - AE ( C )
Amundi Funds Bond Global Emerging - AE ( D )
Amundi Funds Bond Global Emerging - AU ( C )
Amundi Funds Bond Global Emerging - AU ( D )
Amundi Funds Bond Global Emerging - A2U ( C )
18.88
20.56
18.17
20.61
16.87
18.82
14.10
16.87
13.44
14.62
9.71
14.27
1,325.27
1,455.52
1,260.30
1,442.94
1,157.47
1,302.64
14.10
1,157.47
13.44
14.62
12.27
1,151.07
18.56
20.19
17.90
20.27
16.66
18.55
13.95
16.66
13.35
14.47
9.67
14.17
13.97
15.10
13.73
15.25
13.41
14.46
11.84
13.55
11.61
9.08
12.66
Amundi Funds Bond Global Emerging - FHE ( C )
Amundi Funds Bond Global Emerging - FHE-MD ( C )
Amundi Funds Bond Global Emerging - FU ( C )
Amundi Funds Bond Global Emerging - IU ( C )
Amundi Funds Bond Global Emerging - IU ( D )
Amundi Funds Bond Global Emerging - I10 ( C )
Amundi Funds Bond Global Emerging - MHE ( C )
Amundi Funds Bond Global Emerging - MU ( C )
Amundi Funds Bond Global Emerging - OU ( C )
Amundi Funds Bond Global Emerging - SHE ( C )
Amundi Funds Bond Global Emerging - SHE-MD ( D )
Amundi Funds Bond Global Emerging - SU ( C )
Amundi Funds Bond Global Emerging Corporate - AE ( D )
Amundi Funds Bond Global Emerging Corporate - AE ( D )
Amundi Funds Bond Global Emerging Corporate - AHE ( C )
Amundi Funds Bond Global Emerging Corporate - AU ( C )
Amundi Funds Bond Global Emerging Corporate - AU ( D )
Amundi Funds Bond Global Emerging Corporate - FHE ( C )
Amundi Funds Bond Global Emerging Corporate - FHE-MD ( D )
Amundi Funds Bond Global Emerging Corporate - FU ( C )
Amundi Funds Bond Global Emerging Corporate - IHE ( C )
Amundi Funds Bond Global Emerging Corporate - IU ( C )
Amundi Funds Bond Global Emerging Corporate - OU ( C )
Amundi Funds Bond Global Emerging Corporate - SHE ( C )
Amundi Funds Bond Global Emerging Corporate - SHE-MD ( D )
Amundi Funds Bond Global Emerging Corporate - SU ( C )
Amundi Funds Multi Asset Emerging Markets - AHE ( C )
Amundi Funds Multi Asset Emerging Markets - AU ( C )
Amundi Funds Multi Asset Emerging Markets - FHE ( C )
Amundi Funds Multi Asset Emerging Markets - FU ( C )
Amundi Funds Multi Asset Emerging Markets - IHE ( C )
Amundi Funds Multi Asset Emerging Markets - IU ( C )
Amundi Funds Multi Asset Emerging Markets - OU ( C )
Amundi Funds Multi Asset Emerging Markets - SHE ( C )
Amundi Funds Multi Asset Emerging Markets - SU ( C )
Amundi Funds Index Equity Emerging Markets - AU ( C )
Amundi Funds Index Equity Emerging Markets - IE ( C )
Amundi Funds Index Equity Emerging Markets - IU ( C )
Amundi Funds Index Equity Euro - AE ( C )
Amundi Funds Index Equity Euro - AE ( D )
Amundi Funds Index Equity Euro - IE ( C )
Amundi Funds Index Equity Euro - IE ( D )
Amundi Funds Index Equity Euro - ME ( C )
Amundi Funds Index Equity Euro - OE ( C )
Amundi Funds Index Equity Europe - AE ( C )
Amundi Funds Index Equity Europe - AE ( D )
Amundi Funds Index Equity Europe - IE ( C )
Amundi Funds Index Equity Europe - IE ( D )
Amundi Funds Index Equity Europe - ME ( C )
Amundi Funds Index Equity Europe - OE ( C )
345
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Index Equity North America - AE ( C )
Amundi Funds Index Equity North America - AE ( D )
Amundi Funds Index Equity North America - AU ( C )
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
156.36
170.55
147.31
Highest
Price
172.47
187.36
169.98
Lowest
Price
135.85
Highest
Price
166.11
149.43
182.71
121.48
152.57
Lowest
Price
100.61
113.27
100.48
Highest
Price
137.18
152.59
129.67
Lowest
Price
102.75
117.61
92.53
Highest
Price
126.86
142.82
Amundi Funds Index Equity North America - IU ( C )
1,222.34
1,411.74
1,006.13
1,265.66
830.96
1,073.40
961.70
1,004.15
Amundi Funds Index Equity North America - ME ( C )
Amundi Funds Index Equity North America - OE ( C )
Amundi Funds Index Equity Pacific - AE ( C )
Amundi Funds Index Equity Pacific - AE ( D )
Amundi Funds Index Equity Pacific - IE ( C )
Amundi Funds Index Equity Pacific - IE ( D )
Amundi Funds Index Equity Pacific - ME ( C )
Amundi Funds Index Equity Pacific - OE ( C )
184.24
203.32
159.90
195.65
1,104.72
1,352.74
815.18
1,113.32
126.55
137.58
113.30
145.63
102.65
121.07
158.80
173.56
140.73
180.86
1,070.06
118.02
96.81
159.11
107.84
128.81
112.66
135.97
100.00
123.50
1,236.69
1,212.03
Amundi Funds Absolute Forex - AE ( C )
101.71
104.44
Amundi Funds Absolute Forex - FE ( C )
100.62
103.15
99.57
120.06
114.31
100.28
100.83
103.86
117.02
102.98
103.41
1,176.71
813.52
1,388.25
972.64
112.97
121.96
1,258.72
1,132.25
1,224.41
98.93
103.88
97.55
100.85
98.34
102.87
97.34
100.80
103.45
114.71
99.43
98.45
108.18
119.14
102.42
103.07
103.09
107.26
97.56
97.42
108.07
115.94
100.85
100.84
1,247.32
867.29
110.14
1,505.22
903.46
105.41
1,103.02
1,149.19
1,055.96
99.70
108.94
104.51
99.71
99.70
99.73
108.40
108.90
977.29
1,008.87
997.10
1,100.30
101.42
104.12
98.74
103.60
97.51
100.83
99.70
100.24
99.73
99.77
104.42
97.69
999.84
1,002.66
Amundi Funds Absolute Global Macro 2 - AE ( C )
115.16
116.25
114.03
116.42
111.77
98.02
98.90
96.68
99.00
94.73
99.73
98.17
99.77
99.58
97.94
96.66
99.72
97.39
118.53
101.99
103.56
94.92
100.29
99.85
100.12
117.54
120.27
115.75
97.97
99.02
97.36
99.20
95.56
117.64
100.08
103.27
Amundi Funds Absolute Global Macro 2 - FHU ( C )
102.15
103.17
101.26
103.35
1,185.37
1,195.90
1,169.07
1,197.07
1,143.61
1,198.72
1,186.77
1,209.04
1,114.99
Amundi Funds Absolute Global Macro 2 - ME ( C )
110.07
111.04
108.63
111.16
106.31
111.48
110.54
112.49
103.64
Amundi Funds Absolute Global Macro 2 - SHU ( C )
117.93
109.13
117.12
113.98
103.12
Amundi Funds Absolute Global Macro 2 - IE ( C )
Amundi Funds Absolute Global Macro 2 - IHG ( C )
Amundi Funds Absolute Global Macro 2 - SE ( C )
111.23
112.36
114.01
115.12
Amundi Funds Absolute Global Macro 4 - AE ( C )
107.33
Amundi Funds Absolute Global Macro 4 - AHU ( C )
Amundi Funds Absolute Global Macro 4 - AE ( D )
Amundi Funds Absolute Global Macro 4 - AHU ( D )
Amundi Funds Absolute Global Macro 4 - FE ( C )
Amundi Funds Absolute Global Macro 4 - Classic H ( C )
Amundi Funds Absolute Global Macro 4 - IE ( C )
110.47
972.69
112.56
991.10
113.01
115.30
108.53
105.24
105.07
106.22
94.72
95.90
86.52
93.66
104.02
119.03
87.83
95.06
105.26
113.27
102.72
106.24
102.89
93.48
96.17
93.67
92.14
102.37
87.88
95.14
105.46
Amundi Funds Absolute Equity Market Neutral - AE ( C )
Amundi Funds Absolute Equity Market Neutral - IE ( C )
Amundi Funds Absolute Equity Market Neutral - SE ( C )
346
95.31
91.29
95.63
108.85
981.71
1,116.14
111.57
91.43
103.79
113.29
88.92
107.02
96.06
96.48
78.72
109.77
98.53
94.60
99.79
110.53
108.03
111.44
100.92
110.84
87.20
105.02
1,133.04
1,173.92
1,051.73
1,161.32
903.57
1,086.88
101.60
102.75
99.34
102.77
98.94
106.43
103.67
107.46
96.35
106.34
82.83
99.45
112.39
109.59
113.16
102.63
112.55
88.56
106.68
98.53
94.40
100.72
93.13
100.53
991.51
948.86
1,010.88
934.92
1,008.20
987.21
978.80
1,000.26
105.57
Amundi Funds Absolute Statistical Arbitrage - SE ( C )
93.35
117.61
115.11
1,199.36
1,168.39
102.13
Amundi Funds Absolute Statistical Arbitrage - ME ( C )
110.32
1,001.37
107.31
1,085.84
105.50
Amundi Funds Absolute Statistical Arbitrage - IHU ( C )
102.44
105.44
115.78
115.21
1,129.24
104.34
Amundi Funds Absolute Statistical Arbitrage - IE ( D )
92.30
94.70
998.62
100.26
1,090.99
1,003.64
Amundi Funds Absolute Statistical Arbitrage - IE ( C )
85.79
116.67
113.37
110.14
103.62
1,129.59
995.80
Amundi Funds Absolute Statistical Arbitrage - FE ( C )
114.81
99.92
87.46
1,116.89
1,011.45
Amundi Funds Absolute Statistical Arbitrage - AHU ( C )
1,002.24
105.10
85.31
119.23
1,001.43
Amundi Funds Absolute Statistical Arbitrage - AE ( C )
113.99
108.60
116.61
Amundi Funds Absolute Global Macro 4 - OE ( C )
Amundi Funds Absolute Global Macro 4 - SHU ( C )
951.16
101.35
116.41
1,082.67
Amundi Funds Absolute Global Macro 4 - SE ( C )
108.42
100.46
110.82
Amundi Funds Absolute Global Macro 4 - IHU ( C )
Amundi Funds Absolute Global Macro 4 - ME ( C )
99.74
99.63
99.85
98.86
100.08
Amundi Funds Absolute Global Macro 2 - Classic H ( C )
98.03
100.26
109.73
Amundi Funds Absolute Global Macro 2 - AHU ( D )
Amundi Funds Absolute Global Macro 2 - FE ( C )
101.68
116.69
107.06
102.54
120.08
99.55
117.36
99.71
96.25
118.99
101.55
100.88
106.19
1,115.33
100.27
1,045.96
99.18
100.12
105.78
852.92
1,020.97
104.41
992.74
105.17
100.03
1,395.45
662.07
100.25
1,054.13
102.31
1,046.45
114.82
100.57
1,025.03
Amundi Funds Absolute Bonds & Currencies - IE ( C )
Amundi Funds Absolute Global Macro 2 - AHU ( C )
1,001.62
123.73
1,208.00
Amundi Funds Absolute Global Macro 2 - AHG ( D )
1,120.46
152.75
125.16
Amundi Funds Absolute Global Macro 2 - AHG ( C )
106.94
139.73
1,670.58
120.50
Amundi Funds Absolute Global Macro 2 - AE ( D )
100.14
1,410.15
104.65
Amundi Funds Absolute Bonds & Currencies - SE ( C )
112.01
1,046.46
1,298.76
122.86
Amundi Funds Absolute Bonds & Currencies - AE ( C )
1,115.34
1,553.15
101.18
Amundi Funds Absolute Forex - SE ( C )
852.93
121.64
1,287.03
Amundi Funds Index Global Bond (EUR) Hedged - AE ( D )
Amundi Funds Absolute Forex - ME ( C )
95.95
1,472.30
1,036.85
Amundi Funds Absolute Forex - IE ( C )
131.13
1,232.14
997.54
Amundi Funds Absolute Forex - Classic H ( C )
108.64
1,819.59
Amundi Funds Index Equity World - IE ( C )
Amundi Funds Absolute Forex - AE ( D )
128.34
948.85
1,156.69
1,414.61
1,578.67
1,203.48
Amundi Funds Index Global Bond (EUR) Hedged - ME ( C )
146.59
928.15
787.46
109.89
1,747.36
1,451.12
935.06
Amundi Funds Index Global Bond (EUR) Hedged - IE ( C )
122.81
120.53
1,234.56
93.29
1,598.23
1,156.27
Amundi Funds Index Global Bond (EUR) Hedged - AE ( C )
161.31
1,407.10
1,057.34
Amundi Funds Index Equity World - AU ( C )
118.21
1,274.35
1,016.97
111.44
104.55
1,274.49
1,319.06
85.26
154.89
1,031.10
980.13
140.75
137.10
1,381.10
1,580.48
1,020.97
92.10
1,011.82
1,291.36
662.07
148.94
1,676.14
Highest
Price
102.09
1,172.74
1,369.51
Lowest
Price
66.15
787.46
125.57
1,742.40
1,620.06
116.91
133.81
1,578.57
1,474.10
78.63
Highest
Price
99.69
Amundi Funds Index Equity North America - IE ( C )
Amundi Funds Index Equity North America - IE ( D )
Lowest
Price
106.25
81.75
836.55
828.49
81.49
79.88
98.79
986.67
98.75
1,094.81
107.47
86.60
884.01
875.51
86.16
84.72
101.34
1,036.10
101.26
1,053.57
104.31
84.82
87.53
86.93
1,092.83
1,054.91
107.58
104.25
90.03
88.93
89.74
92.69
102.32
104.89
88.57
98.62
91.67
100.35
891.86
981.93
864.48
913.13
900.57
884.70
905.12
892.15
856.16
84.27
83.02
904.30
89.07
88.26
1,079.80
87.78
87.23
96.73
97.02
97.80
943.59
93.28
93.60
100.03
1,001.07
98.66
99.25
929.34
91.76
92.69
1,007.44
98.98
100.46
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Index Equity North America - AE ( C )
Amundi Funds Index Equity North America - AE ( D )
Amundi Funds Index Equity North America - AU ( C )
Amundi Funds Index Equity North America - IE ( C )
Amundi Funds Index Equity North America - IE ( D )
Amundi Funds Index Equity North America - IU ( C )
Amundi Funds Index Equity North America - ME ( C )
Amundi Funds Index Equity North America - OE ( C )
Amundi Funds Index Equity Pacific - AE ( C )
Amundi Funds Index Equity Pacific - AE ( D )
Amundi Funds Index Equity Pacific - IE ( C )
Amundi Funds Index Equity Pacific - IE ( D )
Amundi Funds Index Equity Pacific - ME ( C )
Amundi Funds Index Equity Pacific - OE ( C )
Amundi Funds Index Equity World - AU ( C )
Amundi Funds Index Equity World - IE ( C )
Amundi Funds Index Global Bond (EUR) Hedged - AE ( C )
Amundi Funds Index Global Bond (EUR) Hedged - AE ( D )
Amundi Funds Index Global Bond (EUR) Hedged - IE ( C )
Amundi Funds Index Global Bond (EUR) Hedged - ME ( C )
Amundi Funds Absolute Forex - AE ( C )
Amundi Funds Absolute Forex - AE ( D )
Amundi Funds Absolute Forex - FE ( C )
Amundi Funds Absolute Forex - Classic H ( C )
Amundi Funds Absolute Forex - IE ( C )
Amundi Funds Absolute Forex - ME ( C )
Amundi Funds Absolute Forex - SE ( C )
Amundi Funds Absolute Bonds & Currencies - AE ( C )
Amundi Funds Absolute Bonds & Currencies - IE ( C )
Amundi Funds Absolute Bonds & Currencies - SE ( C )
Amundi Funds Absolute Global Macro 2 - AE ( C )+O3
Amundi Funds Absolute Global Macro 2 - AE ( D )
Amundi Funds Absolute Global Macro 2 - AHG ( C )
105.21
98.97
108.05
103.40
102.91
100.07
107.09
103.55
100.24
99.78
103.14
100.33
99.94
100.32
Amundi Funds Absolute Global Macro 2 - AHG ( D )
Amundi Funds Absolute Global Macro 2 - AHU ( C )
Amundi Funds Absolute Global Macro 2 - AHU ( D )
Amundi Funds Absolute Global Macro 2 - FE ( C )
Amundi Funds Absolute Global Macro 2 - FHU ( C )
Amundi Funds Absolute Global Macro 2 - Classic H ( C )
Amundi Funds Absolute Global Macro 2 - IE ( C )
Amundi Funds Absolute Global Macro 2 - IHG ( C )
Amundi Funds Absolute Global Macro 2 - ME ( C )
104.21
1,094.05
99.38
101.97
Amundi Funds Absolute Global Macro 2 - SE ( C )
104.93
Amundi Funds Absolute Global Macro 4 - AE ( C )
102.07
Amundi Funds Absolute Global Macro 2 - SHU ( C )
Amundi Funds Absolute Global Macro 4 - AE ( D )
Amundi Funds Absolute Global Macro 4 - AHU ( C )
106.85
1,062.78
93.97
102.38
106.20
100.10
102.70
1,033.33
1,078.38
1,003.40
1,035.61
999.49
1,004.55
107.72
102.79
106.84
100.23
103.07
99.92
100.36
110.32
104.46
110.55
100.54
105.96
99.63
100.72
103.86
99.05
104.25
98.73
100.57
Amundi Funds Absolute Global Macro 4 - AHU ( D )
Amundi Funds Absolute Global Macro 4 - FE ( C )
Amundi Funds Absolute Global Macro 4 - Classic H ( C )
Amundi Funds Absolute Global Macro 4 - IE ( C )
100.26
108.60
1,034.20
1,113.41
Amundi Funds Absolute Global Macro 4 - ME ( C )
94.87
100.50
Amundi Funds Absolute Global Macro 4 - SE ( C )
101.75
110.06
Amundi Funds Absolute Global Macro 4 - IHU ( C )
Amundi Funds Absolute Global Macro 4 - OE ( C )
Amundi Funds Absolute Global Macro 4 - SHU ( C )
103.32
108.99
100.29
104.98
1,050.11
1,115.58
1,007.35
1,064.68
996.42
1,009.09
104.38
110.50
100.60
105.97
99.62
100.78
Amundi Funds Absolute Statistical Arbitrage - AE ( C )
Amundi Funds Absolute Statistical Arbitrage - AHU ( C )
Amundi Funds Absolute Statistical Arbitrage - FE ( C )
Amundi Funds Absolute Statistical Arbitrage - IE ( C )
Amundi Funds Absolute Statistical Arbitrage - IE ( D )
Amundi Funds Absolute Statistical Arbitrage - IHU ( C )
Amundi Funds Absolute Statistical Arbitrage - ME ( C )
Amundi Funds Absolute Statistical Arbitrage - SE ( C )
Amundi Funds Absolute Equity Market Neutral - AE ( C )
Amundi Funds Absolute Equity Market Neutral - IE ( C )
Amundi Funds Absolute Equity Market Neutral - SE ( C )
347
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
31/12/13 31/12/13 30/06/13 30/06/13 30/06/12 30/06/12 30/06/11 30/06/11 30/06/10 30/06/10 30/06/09 30/06/09
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
Amundi Funds Absolute High Yield - AE ( C )
105.82
106.96
103.33
106.28
Amundi Funds Absolute High Yield - FE ( C )
101.66
102.55
99.74
102.26
Amundi Funds Absolute High Yield - AE ( D )
Amundi Funds Absolute High Yield - Classic H ( C )
Amundi Funds Absolute High Yield - IE ( C )
99.52
101.58
99.73
101.85
Lowest
Price
Highest
Price
99.95
104.40
96.80
100.56
97.28
100.55
103.81
105.11
Lowest
Price
100.55
100.52
101.73
Highest
Price
104.53
104.20
105.55
Lowest
Price
94.22
99.21
95.44
Highest
Price
101.46
100.83
102.38
Lowest
Price
82.69
82.17
1,113.23
1,127.80
1,083.30
1,117.97
1,043.68
1,088.67
1,043.88
1,089.31
975.56
1,052.13
835.72
Amundi Funds Absolute High Yield - SE ( C )
107.42
108.53
104.98
107.90
101.61
106.16
102.29
106.29
95.80
103.09
82.47
Amundi Funds Absolute Volatility Arbitrage - AE ( D )
103.70
104.91
103.85
106.25
104.24
106.14
Amundi Funds Absolute High Yield - ME ( C )
Amundi Funds Absolute Volatility Arbitrage - AE ( C )
Amundi Funds Absolute Volatility Arbitrage - FE ( C )
Amundi Funds Absolute Volatility Arbitrage - Classic H ( C )
Amundi Funds Absolute Volatility Arbitrage - IE ( C )
Amundi Funds Absolute Volatility Arbitrage - ME ( C )
Amundi Funds Absolute Volatility Arbitrage - OE ( C )
Amundi Funds Absolute Volatility Arbitrage - SE ( C )
Amundi Funds Absolute Volatility Arbitrage Plus - AE ( C )
112.87
115.53
97.05
113.19
1,197.94
110.21
114.45
114.30
116.87
97.99
114.38
1,213.88
111.68
115.74
110.04
115.69
97.22
113.37
113.49
118.37
99.65
116.11
106.09
115.38
103.58
110.69
118.21
106.11
97.87
100.25
113.70
116.50
1,199.26
1,224.51
1,184.66
1,213.36
998.72
1,002.83
997.66
1,012.48
98.91
102.49
99.69
101.21
110.34
114.62
112.79
117.30
109.17
114.53
114.03
115.73
109.34
115.02
159.69
145.97
151.34
136.85
149.49
113.18
141.22
106.34
98.97
100.44
96.70
104.84
1,014.69
Amundi Funds Absolute Volatility Arbitrage Plus - ME ( C )
98.52
102.32
98.98
102.51
99.41
100.99
994.16
Amundi Funds Absolute Volatility Arbitrage Plus - OE ( C )
999.98
1,013.94
Amundi Funds Absolute Volatility Euro Equities - AE ( C )
134.38
145.96
142.94
96.47
94.55
Amundi Funds Absolute Volatility Arbitrage Plus - SE ( C )
Amundi Funds Absolute Volatility Euro Equities - AE ( D )
Amundi Funds Absolute Volatility Euro Equities - AHC ( C )
Amundi Funds Absolute Volatility Euro Equities - AHG ( C )
Amundi Funds Absolute Volatility Euro Equities - AHG ( D )
Amundi Funds Absolute Volatility Euro Equities - FE ( C )
Amundi Funds Absolute Volatility Euro Equities - Classic H ( C )
Amundi Funds Absolute Volatility Euro Equities - IE ( C )
Amundi Funds Absolute Volatility Euro Equities - IE ( D )
Amundi Funds Absolute Volatility Euro Equities - IHC ( C )
Amundi Funds Absolute Volatility Euro Equities - IHG ( D )
Amundi Funds Absolute Volatility Euro Equities - IHG0 ( D )
Amundi Funds Absolute Volatility Euro Equities - ME ( C )
Amundi Funds Absolute Volatility Euro Equities - OE ( C )
98.04
121.12
88.66
93.74
88.82
128.78
101.50
131.56
101.72
96.81
140.28
Amundi Funds Absolute Volatility World Equities - AHG ( D )
Amundi Funds Absolute Volatility World Equities - AHS ( C )
Amundi Funds Absolute Volatility World Equities - AHS ( D )
Amundi Funds Absolute Volatility World Equities - AU ( C )
Amundi Funds Absolute Volatility World Equities - AU ( D )
Amundi Funds Absolute Volatility World Equities - FHE ( C )
Amundi Funds Absolute Volatility World Equities - FU ( C )
Amundi Funds Absolute Volatility World Equities - Classic H ( C )
Amundi Funds Absolute Volatility World Equities - IU ( C )
Amundi Funds Absolute Volatility World Equities - IU ( D )
Amundi Funds Absolute Volatility World Equities - MU ( C )
Amundi Funds Absolute Volatility World Equities - OU ( C )
Amundi Funds Absolute Volatility World Equities - RG ( C )
Amundi Funds Absolute Volatility World Equities - RHE ( C )
Amundi Funds Absolute Volatility World Equities - RU ( C )
Amundi Funds Absolute Volatility World Equities - SHE ( C )
Amundi Funds Absolute Volatility World Equities - SU ( C )
348
110.73
94.91
106.35
137.51
153.65
102.63
111.17
98.95
106.92
142.89
154.43
102.47
99.04
142.32
106.20
101.66
147.92
977.55
956.98
1,063.57
988.89
1,067.73
990.05
1,004.16
999.44
977.67
962.63
1,040.44
1,017.33
123.45
133.75
130.88
987.84
98.45
91.60
82.83
88.90
84.28
86.66
93.12
84.07
1,067.95
83.52
1,044.67
133.34
94.45
89.37
90.10
96.48
91.51
93.91
100.98
91.32
90.72
101.00
88.41
94.69
93.83
107.11
103.78
104.40
106.19
92.08
118.88
105.13
95.29
102.59
131.94
140.54
127.63
137.38
104.39
133.80
1,135.18
1,015.53
1,078.12
978.77
1,049.53
1,114.84
998.85
1,062.60
966.43
1,036.73
1,055.88
1,367.54
104.63
134.36
133.07
1,111.44
1,028.07
1,092.24
1,011.78
1,120.81
104.61
99.62
100.32
99.86
101.52
129.29
126.88
143.35
90.38
98.91
144.92
98.76
141.68
993.01
133.85
106.79
1,046.36
102.26
120.99
125.49
1,540.40
1,378.45
1,469.88
1,316.36
1,423.17
111.23
99.86
106.37
95.89
103.24
1,145.67
99.20
107.18
99.99
104.63
134.24
146.61
1,025.06
132.99
1,036.28
116.45
1,094.46
1,038.90
972.35
128.94
986.13
101.13
84.68
148.03
100.81
108.80
92.59
135.01
96.90
96.90
93.71
139.66
149.62
98.57
98.87
99.66
112.13
144.11
135.07
91.28
101.26
126.71
1,007.57
104.99
1,397.06
94.33
101.22
996.45
139.30
1,508.71
83.10
134.98
1,071.82
129.46
1,067.78
93.74
123.28
143.13
1,345.80
95.78
136.98
134.35
122.28
1,373.60
88.82
1,047.19
980.36
1,001.52
148.67
952.84
999.54
967.16
1,089.82
1,000.00
138.62
1,434.63
135.77
1,269.40
1,020.22
1,065.07
1,016.76
111.48
1,144.65
145.46
88,205.00 95,593.00 93,737.00 105,672.00 99,361.00 108,020.00
942.82
1,526.60
127.65
106.59
1,023.75
974.43
109.47
146.46
1,397.32
102.32
99.80
912.95
994.69
99.86
104.01
102.66
133.67
134.87
109.49
1,006.11
920.74
99.27
124.52
1,052.02
123.17
102.99
926.89
989.96
99.94
108.40
114.11
104.47
1,009.81
98.54
102.65
103.45
92.14
933.65
99.75
109.64
99.66
101.11
130.69
125.06
972.60
108.88
115.88
127.37
932.35
90.46
100.29
100.23
116.94
945.08
109.20
89.00
86.77
132.24
156.97
111.73
88.33
118.14
145.57
144.86
99.03
89.59
1,028.07
1,164.62
156.25
124.86
981.41
1,129.12
1,102.97
101.71
92.08
1,059.19
1,083.95
996.23
89.96
81.09
900.51
145.07
140.16
106.75
128.98
86.10
1,034.31
1,158.30
143.05
100.50
990.35
1,125.63
1,096.99
131.49
108.78
1,080.49
993.85
121.07
863.31
Amundi Funds Absolute Volatility World Equities - IHJ ( C )
100.64
901.52
923.41
Amundi Funds Absolute Volatility World Equities - IHG ( C )
Amundi Funds Absolute Volatility World Equities - IHG0 ( D )
98.75
136.45
1,551.68
871.67
Amundi Funds Absolute Volatility World Equities - IHG ( D )
105.78
131.57
1,497.72
Amundi Funds Absolute Volatility World Equities - IHC ( C )
Amundi Funds Absolute Volatility World Equities - IHE ( C )
99.61
143.93
1,654.53
81.05
Amundi Funds Absolute Volatility World Equities - AHG ( C )
96.47
132.40
1,511.37
Amundi Funds Absolute Volatility World Equities - AE ( D )
Amundi Funds Absolute Volatility World Equities - AHE ( D )
143.32
101.14
146.89
1,649.21
131.50
Amundi Funds Absolute Volatility World Equities - AHE ( C )
128.84
99.63
159.02
107.98
1,014.61
1,489.81
Amundi Funds Absolute Volatility Euro Equities - SE ( C )
Amundi Funds Absolute Volatility World Equities - AHC ( C )
102.34
111.80
1,522.97
1,017.05
Amundi Funds Absolute Volatility World Equities - AE ( C )
98.54
998.67
109.34
1,407.10
942.88
Amundi Funds Absolute Volatility Euro Equities - RE ( C )
1,028.85
114.70
117.38
117.34
999.19
1,028.48
109.11
104.69
115.40
111.82
1,030.58
989.54
115.14
100.01
96.86
115.64
1,173.84
995.78
Amundi Funds Absolute Volatility Arbitrage Plus - IE ( D )
113.47
104.84
109.81
97.24
1,111.28
1,029.83
100.03
103.00
116.46
82.97
1,188.41
991.16
98.85
116.57
114.73
107.02
1,170.29
Amundi Funds Absolute Volatility Arbitrage Plus - IE ( C )
101.54
114.80
118.24
96.83
96.64
979.14
1,212.96
102.08
98.32
116.13
110.88
97.07
1,185.20
98.42
Amundi Funds Absolute Volatility Arbitrage Plus - FE ( C )
106.27
Highest
Price
1,093.05
141.69
987.09
128.47
1,057.72
138.15
99.99
121.51
Additional Information
Accounting year ending as at:
Name, class and part of the sub-fund
Amundi Funds Absolute High Yield - AE ( C )
Amundi Funds Absolute High Yield - AE ( D )
Amundi Funds Absolute High Yield - FE ( C )
Amundi Funds Absolute High Yield - Classic H ( C )
30/06/08 30/06/08 30/06/07 30/06/07 30/06/06 30/06/06 30/06/05 30/06/05 30/06/04 30/06/04 30/06/03 30/06/03
Lowest
Price
96.63
96.35
Highest
Price
102.73
102.55
Amundi Funds Absolute High Yield - IE ( C )
972.08
1,030.92
Amundi Funds Absolute High Yield - SE ( C )
96.46
102.62
Amundi Funds Absolute High Yield - ME ( C )
Amundi Funds Absolute Volatility Arbitrage - AE ( C )
Amundi Funds Absolute Volatility Arbitrage - AE ( D )
Amundi Funds Absolute Volatility Arbitrage - FE ( C )
Amundi Funds Absolute Volatility Arbitrage - Classic H ( C )
Amundi Funds Absolute Volatility Arbitrage - IE ( C )
Amundi Funds Absolute Volatility Arbitrage - ME ( C )
Amundi Funds Absolute Volatility Arbitrage - OE ( C )
Amundi Funds Absolute Volatility Arbitrage - SE ( C )
Amundi Funds Absolute Volatility Arbitrage Plus - AE ( C )
96.65
105.21
99.85
104.81
100.31
109.81
102.04
109.11
Lowest
Price
99.90
99.90
Highest
Price
99.90
102.66
105.41
105.05
99.96
99.95
Lowest
Price
Highest
Price
Lowest
Price
Highest
Price
102.00
1,111.28
1,022.06
1,060.96
999.44
1,022.13
104.85
109.34
101.79
105.06
99.95
101.80
119.17
99.98
104.19
102.65
Highest
Price
102.03
1,059.62
99.55
Lowest
Price
102.62
1,029.55
101.98
Highest
Price
102.67
999.13
102.02
Lowest
Price
Amundi Funds Absolute Volatility Arbitrage Plus - FE ( C )
Amundi Funds Absolute Volatility Arbitrage Plus - IE ( C )
Amundi Funds Absolute Volatility Arbitrage Plus - IE ( D )
Amundi Funds Absolute Volatility Arbitrage Plus - ME ( C )
Amundi Funds Absolute Volatility Arbitrage Plus - OE ( C )
Amundi Funds Absolute Volatility Arbitrage Plus - SE ( C )
Amundi Funds Absolute Volatility Euro Equities - AE ( C )
Amundi Funds Absolute Volatility Euro Equities - AE ( D )
Amundi Funds Absolute Volatility Euro Equities - AHC ( C )
102.72
96.63
108.74
Amundi Funds Absolute Volatility Euro Equities - AHG ( C )
Amundi Funds Absolute Volatility Euro Equities - AHG ( D )
Amundi Funds Absolute Volatility Euro Equities - FE ( C )
Amundi Funds Absolute Volatility Euro Equities - Classic H ( C )
Amundi Funds Absolute Volatility Euro Equities - IE ( C )
Amundi Funds Absolute Volatility Euro Equities - IE ( D )
102.01
117.86
1,028.35
1,199.27
96.47
106.19
102.20
118.30
98.86
109.94
98.80
109.74
989.58
1,102.53
98.82
109.82
99.82
103.65
999.92
1,040.60
99.97
103.75
Amundi Funds Absolute Volatility Euro Equities - IHC ( C )
Amundi Funds Absolute Volatility Euro Equities - IHG ( D )
Amundi Funds Absolute Volatility Euro Equities - IHG0 ( D )
Amundi Funds Absolute Volatility Euro Equities - ME ( C )
Amundi Funds Absolute Volatility Euro Equities - OE ( C )
Amundi Funds Absolute Volatility Euro Equities - RE ( C )
Amundi Funds Absolute Volatility Euro Equities - SE ( C )
Amundi Funds Absolute Volatility World Equities - AE ( C )
Amundi Funds Abs

OPCVM: FONDS COMMUNS DE PLACEMENT ET

20150414 Valeurs Liquidatives_OPCVM.xlsx

Analisi dei principali ETF ed ETC con calcolo di un rating