# Statement of assets as at 30/06/2021
| Quantity or | holding Currency | Rate | Market value | % |
| --- | --- | --- | --- | --- |
| Units or | 30/06/2021 |  | in EUR | of fund |
| % of 1,000 |  |  |  | assets *) |


### Berenberg European Focus Fund - B
| Unit value |
| --- |
| Issuing price |
| Redemption price |
| Units in circulation |

| EUR |
| --- |
| EUR |
| EUR |
| QTY |

| 188.72 |
| --- |
| 188.72 |
| 188.72 |
| 385,267.000 |


### Berenberg European Focus Fund - I
| Unit value |
| --- |
| Issuing price |
| Redemption price |
| Units in circulation |

| EUR |
| --- |
| EUR |
| EUR |
| QTY |

| 215.37 |
| --- |
| 215.37 |
| 215.37 |
| 4,015,280.564 |


### *) Minor rounding differences may arise due to rounding of the share percentages during calculation.
| Berenberg European Focus Fund - R |
| --- |
| Comparative overview since launch |

| Financial year | Units outstanding at the |
| --- | --- |
|  | end of the financial year |

| Fund assets at the |
| --- |
| end of the financial year |

| Unit value at the |
| --- |
| end of the financial year |

| 2017/2018 *) | Quantity | 253,431.405 |
| --- | --- | --- |

| EUR | 22,766,745.85 |
| --- | --- |

| EUR | 89.83 |
| --- | --- |

| 2018/2019 | Quantity | 279,354.399 |
| --- | --- | --- |

| EUR | 35,055,000.88 |
| --- | --- |

| EUR | 125.49 |
| --- | --- |

| 2019/2020 | Quantity | 347,925.370 |
| --- | --- | --- |

| EUR | 53,459,119.53 |
| --- | --- |

| EUR | 153.65 |
| --- | --- |

| 30.06.2021 | Quantity | 434,441.848 |
| --- | --- | --- |

| EUR | 77,922,256.34 |
| --- | --- |

| EUR | 179.36 |
| --- | --- |


### *) Launch date: 02/10/2017

### Performance of units outstanding during the reporting period	Quantity
| Units outstanding at the start of the reporting period |
| --- |
| Units issued |
| Units redeemed |

| 347,925.370 |
| --- |
| 135,333.274 |
| -48,816.796 |


### Units outstanding at the end of the reporting period	434,441.848
| Berenberg European Focus Fund - M |
| --- |
| Comparative overview since launch |

| Financial year | Units outstanding at the |
| --- | --- |
|  | end of the financial year |

| Fund assets at the |
| --- |
| end of the financial year |

| Unit value at the |
| --- |
| end of the financial year |

| 2017/2018 *) | Quantity | 94,116.000 |
| --- | --- | --- |

| EUR | 8,496,742.53 |
| --- | --- |

| EUR | 90.28 |
| --- | --- |

| 2018/2019 | Quantity | 509,664.122 |
| --- | --- | --- |

| EUR | 64,635,860.63 |
| --- | --- |

| EUR | 126.82 |
| --- | --- |

| 2019/2020 | Quantity | 599,003.473 |
| --- | --- | --- |

| EUR | 93,719,655.40 |
| --- | --- |

| EUR | 156.46 |
| --- | --- |

| 30.06.2021 | Quantity | 878,125.455 |
| --- | --- | --- |

| EUR | 160,930,283.07 |
| --- | --- |

| EUR | 183.27 |
| --- | --- |


### *) Launch date: 02/10/2017

### Performance of units outstanding during the reporting period	Quantity
| Units outstanding at the start of the reporting period |
| --- |
| Units issued |
| Units redeemed |

| 599,003.473 |
| --- |
| 446,922.141 |
| -167,800.159 |


### Units outstanding at the end of the reporting period	878,125.455
| Berenberg European Focus Fund - B |
| --- |
| Comparative overview since launch |

| Financial year | Units outstanding at the |
| --- | --- |
|  | end of the financial year |

| Fund assets at the |
| --- |
| end of the financial year |

| Unit value at the |
| --- |
| end of the financial year |

| 2017/2018 *) | Quantity | 176,444.000 |
| --- | --- | --- |

| EUR | 16,152,840.62 |
| --- | --- |

| EUR | 91.55 |
| --- | --- |

| 2018/2019 | Quantity | 271,144.000 |
| --- | --- | --- |

| EUR | 35,094,437.62 |
| --- | --- |

| EUR | 129.43 |
| --- | --- |

| 2019/2020 | Quantity | 320,967.000 |
| --- | --- | --- |

| EUR | 51,549,294.01 |
| --- | --- |

| EUR | 160.61 |
| --- | --- |

| 30.06.2021 | Quantity | 385,267.000 |
| --- | --- | --- |

| EUR | 72,705,825.89 |
| --- | --- |

| EUR | 188.72 |
| --- | --- |


### *) Launch date: 02/10/2017

### Performance of units outstanding during the reporting period	Quantity
| Units outstanding at the start of the reporting period |
| --- |
| Units issued |
| Units redeemed |

| 320,967.000 |
| --- |
| 84,441.000 |
| -20,141.000 |


### Units outstanding at the end of the reporting period	385,267.000
| Berenberg European Focus Fund - I |
| --- |
| Comparative overview since launch |

| Financial period (< 12 months) | Units outstanding at the |
| --- | --- |
|  | end of the short financial year |

| Fund assets at the |
| --- |
| end of the short financial year |

| Unit value at the |
| --- |
| end of the short financial year |

| 2020*) | Quantity | 2,335,526.820 |
| --- | --- | --- |

| EUR | 428,964,948.48 |
| --- | --- |

| EUR | 183.67 |
| --- | --- |

| 30.06.2021 | Quantity | 4,015,280.564 |
| --- | --- | --- |

| EUR | 864,785,502.07 |
| --- | --- |

| EUR | 215.37 |
| --- | --- |


### *) Launch date: 18/03/2020

### Performance of units outstanding during the reporting period	Quantity
| Units outstanding at the start of the reporting period |
| --- |
| Units issued |
| Units redeemed |

| 2,335,526.820 |
| --- |
| 2,386,841.419 |
| -707,087.675 |


### Units outstanding at the end of the reporting period	4,015,280.564

Translation (ENDE, 2021-06-30):
# Vermögensaufstellung zum 30.06.2021
| Stück bzw. | Bestand Währung | Kurs | Kurswert | % |
| --- | --- | --- | --- | --- |
| Anteile bzw. | 30.06.2021 |  | in EUR | des Fonds- |
| % in 1.000 |  |  |  | vermögens *) |


### Berenberg European Focus Fund - B
| Anteilwert |
| --- |
| Ausgabepreis |
| Rücknahmepreis |
| Anteile im Umlauf |

| EUR |
| --- |
| EUR |
| EUR |
| STK |

| 188,72 |
| --- |
| 188,72 |
| 188,72 |
| 385.267,000 |


### Berenberg European Focus Fund - I
| Anteilwert |
| --- |
| Ausgabepreis |
| Rücknahmepreis |
| Anteile im Umlauf |

| EUR |
| --- |
| EUR |
| EUR |
| STK |

| 215,37 |
| --- |
| 215,37 |
| 215,37 |
| 4.015.280,564 |


### *) Durch Rundung der Prozent-Anteile bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein.
| Berenberg European Focus Fund - R |
| --- |
| Vergleichende Übersicht seit Auflegung |

| Geschäftsjahr | Umlaufende Anteile am |
| --- | --- |
|  | Ende des Geschäftsjahres |

| Fondsvermögen am |
| --- |
| Ende des Geschäftsjahres |

| Anteilwert am |
| --- |
| Ende des Geschäftsjahres |

| 2017/2018 *) | Stück | 253.431,405 |
| --- | --- | --- |

| EUR | 22.766.745,85 |
| --- | --- |

| EUR | 89,83 |
| --- | --- |

| 2018/2019 | Stück | 279.354,399 |
| --- | --- | --- |

| EUR | 35.055.000,88 |
| --- | --- |

| EUR | 125,49 |
| --- | --- |

| 2019/2020 | Stück | 347.925,370 |
| --- | --- | --- |

| EUR | 53.459.119,53 |
| --- | --- |

| EUR | 153,65 |
| --- | --- |

| 30.06.2021 | Stück | 434.441,848 |
| --- | --- | --- |

| EUR | 77.922.256,34 |
| --- | --- |

| EUR | 179,36 |
| --- | --- |


### *) Auflagedatum 02.10.2017

### Entwicklung des Anteilumlaufs im Berichtszeitraum	Stücke
| Anteilumlauf zu Beginn des Berichtszeitraumes |
| --- |
| Ausgegebene Anteile |
| Zurückgenommene Anteile |

| 347.925,370 |
| --- |
| 135.333,274 |
| -48.816,796 |


### Anteilumlauf am Ende des Berichtszeitraumes	434.441,848
| Berenberg European Focus Fund - M |
| --- |
| Vergleichende Übersicht seit Auflegung |

| Geschäftsjahr | Umlaufende Anteile am |
| --- | --- |
|  | Ende des Geschäftsjahres |

| Fondsvermögen am |
| --- |
| Ende des Geschäftsjahres |

| Anteilwert am |
| --- |
| Ende des Geschäftsjahres |

| 2017/2018 *) | Stück | 94.116,000 |
| --- | --- | --- |

| EUR | 8.496.742,53 |
| --- | --- |

| EUR | 90,28 |
| --- | --- |

| 2018/2019 | Stück | 509.664,122 |
| --- | --- | --- |

| EUR | 64.635.860,63 |
| --- | --- |

| EUR | 126,82 |
| --- | --- |

| 2019/2020 | Stück | 599.003,473 |
| --- | --- | --- |

| EUR | 93.719.655,40 |
| --- | --- |

| EUR | 156,46 |
| --- | --- |

| 30.06.2021 | Stück | 878.125,455 |
| --- | --- | --- |

| EUR | 160.930.283,07 |
| --- | --- |

| EUR | 183,27 |
| --- | --- |


### *) Auflagedatum 02.10.2017

### Entwicklung des Anteilumlaufs im Berichtszeitraum	Stücke
| Anteilumlauf zu Beginn des Berichtszeitraumes |
| --- |
| Ausgegebene Anteile |
| Zurückgenommene Anteile |

| 599.003,473 |
| --- |
| 446.922,141 |
| -167.800,159 |


### Anteilumlauf am Ende des Berichtszeitraumes	878.125,455
| Berenberg European Focus Fund - B |
| --- |
| Vergleichende Übersicht seit Auflegung |

| Geschäftsjahr | Umlaufende Anteile am |
| --- | --- |
|  | Ende des Geschäftsjahres |

| Fondsvermögen am |
| --- |
| Ende des Geschäftsjahres |

| Anteilwert am |
| --- |
| Ende des Geschäftsjahres |

| 2017/2018 *) | Stück | 176.444,000 |
| --- | --- | --- |

| EUR | 16.152.840,62 |
| --- | --- |

| EUR | 91,55 |
| --- | --- |

| 2018/2019 | Stück | 271.144,000 |
| --- | --- | --- |

| EUR | 35.094.437,62 |
| --- | --- |

| EUR | 129,43 |
| --- | --- |

| 2019/2020 | Stück | 320.967,000 |
| --- | --- | --- |

| EUR | 51.549.294,01 |
| --- | --- |

| EUR | 160,61 |
| --- | --- |

| 30.06.2021 | Stück | 385.267,000 |
| --- | --- | --- |

| EUR | 72.705.825,89 |
| --- | --- |

| EUR | 188,72 |
| --- | --- |


### *) Auflagedatum 02.10.2017

### Entwicklung des Anteilumlaufs im Berichtszeitraum	Stücke
| Anteilumlauf zu Beginn des Berichtszeitraumes |
| --- |
| Ausgegebene Anteile |
| Zurückgenommene Anteile |

| 320.967,000 |
| --- |
| 84.441,000 |
| -20.141,000 |


### Anteilumlauf am Ende des Berichtszeitraumes	385.267,000
| Berenberg European Focus Fund - I |
| --- |
| Vergleichende Übersicht seit Auflegung |

| Rumpfgeschäftsjahr | Umlaufende Anteile am |
| --- | --- |
|  | Ende des Rumpfgeschäftsjahres |

| Fondsvermögen am |
| --- |
| Ende des Rumpfgeschäftsjahres |

| Anteilwert am |
| --- |
| Ende des Rumpfgeschäftsjahres |

| 2020 *) | Stück | 2.335.526,820 |
| --- | --- | --- |

| EUR | 428.964.948,48 |
| --- | --- |

| EUR | 183,67 |
| --- | --- |

| 30.06.2021 | Stück | 4.015.280,564 |
| --- | --- | --- |

| EUR | 864.785.502,07 |
| --- | --- |

| EUR | 215,37 |
| --- | --- |


### *) Auflagedatum 18.03.2020

### Entwicklung des Anteilumlaufs im Berichtszeitraum	Stücke
| Anteilumlauf zu Beginn des Berichtszeitraumes |
| --- |
| Ausgegebene Anteile |
| Zurückgenommene Anteile |

| 2.335.526,820 |
| --- |
| 2.386.841,419 |
| -707.087,675 |


### Anteilumlauf am Ende des Berichtszeitraumes	4.015.280,564