# Portfolio / purchases and sales
| Title | Currency | Position as at 01.01.2020 | Purchase  1) | Sale  1) 2) | Position as at 30.06.2020 | Price | Value in CHF | Shares in % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Transferable securities |  |  |  |  |  |  |  |  |
| Shares |  |  |  |  |  |  |  |  |
| Shares traded on a stock exchange |  |  |  |  |  |  |  |  |
| Austria |  |  |  |  |  |  |  |  |
| EUR |
| Akt Andritz AG |  | 92,937 |  | 17,896 | 75,041 | 32.40 | 2,589,608 | 4.11 % |
| Total |  |  |  |  |  |  | 2,589,608 | 4.11 % |
| Total Austria |  |  |  |  |  |  | 2,589,608 | 4.11 % |
| Belgium |  |  |  |  |  |  |  |  |
| EUR |
| Akt Agfa-Gevaert NV |  | 1,328,409 |  | 401,692 | 926,717 | 3.71 | 3,661,942 | 5.81 % |
| Akt Bpost SA de Droit Public |  | 489,180 |  | 73,928 | 415,252 | 6.00 | 2,653,709 | 4.21 % |
| Total |  |  |  |  |  |  | 6,315,651 | 10.02 % |
| Total Belgium |  |  |  |  |  |  | 6,315,651 | 10.02 % |
| Bermuda |  |  |  |  |  |  |  |  |
| USD |
| Akt Norwegian Cruise Line Holdings Ltd |  | 75,086 |  | 75,086 | 0 |  |  |  |
| Akt Signet Jewelers Ltd |  | 67,757 |  | 67,757 | 0 |  |  |  |
| Total |  |  |  |  |  |  | 0 | 0.00 % |
| Total Bermuda |  |  |  |  |  |  | 0 | 0.00 % |
| Denmark |  |  |  |  |  |  |  |  |
| DKK |
| Akt Pandora A/S |  | 65,976 |  | 18,750 | 47,226 | 360.30 | 2,431,801 | 3.86 % |
| Total |  |  |  |  |  |  | 2,431,801 | 3.86 % |
| Total Denmark |  |  |  |  |  |  | 2,431,801 | 3.86 % |
| Finland |  |  |  |  |  |  |  |  |
| EUR |
| Akt Waertsilae -B- |  |  | 324,000 | 25,783 | 298,217 | 7.36 | 2,337,128 | 3.71 % |
| Total |  |  |  |  |  |  | 2,337,128 | 3.71 % |
| Total Finland |  |  |  |  |  |  | 2,337,128 | 3.71 % |
| France |  |  |  |  |  |  |  |  |
| EUR |
| Akt Television Francaise 1 SA |  | 373,000 |  | 31,955 | 341,045 | 4.81 | 1,748,671 | 2.77 % |
| Akt Vivendi SA |  | 138,167 |  | 30,199 | 107,968 | 22.84 | 2,626,525 | 4.17 % |
| Total |  |  |  |  |  |  | 4,375,196 | 6.94 % |
| Total France |  |  |  |  |  |  | 4,375,196 | 6.94 % |
| Germany |  |  |  |  |  |  |  |  |
| EUR |
| Akt Bilfinger Berger AG |  | 134,750 |  | 10,723 | 124,027 | 17.00 | 2,245,720 | 3.56 % |
| Akt Krones AG |  | 2,283 | 26,000 | 3,251 | 25,032 | 57.10 | 1,522,376 | 2.41 % |
| Akt Wacker Chemie AG |  | 2,301 | 43,898 | 3,676 | 42,523 | 61.04 | 2,764,578 | 4.39 % |
| Namakt Deutsche Post AG |  | 155,576 |  | 119,458 | 36,118 | 32.55 | 1,252,175 | 1.99 % |

| Title | Currency | Position as at 01.01.2020 | Purchase  1) | Sale  1) 2) | Position as at 30.06.2020 | Price | Value in CHF | Shares in % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Namakt ProSiebenSat. 1 Media AG |  | 221,000 | 35,000 | 20,372 | 235,628 | 10.59 | 2,657,745 | 4.22 % |
| Namakt TUI AG |  | 291,200 |  | 194,838 | 96,362 | 4.20 | 430,657 | 0.68 % |
| Total |  |  |  |  |  |  | 10,873,251 | 17.25 % |
| Total Germany |  |  |  |  |  |  | 10,873,251 | 17.25 % |
| Ireland |  |  |  |  |  |  |  |  |
| USD |
| Akt AerCapHoldings N.V. |  | 88,408 | 18,000 | 17,569 | 88,839 | 30.80 | 2,602,581 | 4.13 % |
| Total |  |  |  |  |  |  | 2,602,581 | 4.13 % |
| Total Ireland |  |  |  |  |  |  | 2,602,581 | 4.13 % |
| Italy |  |  |  |  |  |  |  |  |
| EUR |
| Akt Banca Monte dei Paschi di Siena SPA |  | 1,706,386 |  | 135,789 | 1,570,597 | 1.58 | 2,638,073 | 4.18 % |
| Akt Unipol Gruppo Finanziario SpA post raggruppamento |  | 1,117,086 |  | 238,895 | 878,191 | 3.46 | 3,238,221 | 5.14 % |
| Total |  |  |  |  |  |  | 5,876,294 | 9.32 % |
| Total Italy |  |  |  |  |  |  | 5,876,294 | 9.32 % |
| Netherlands |  |  |  |  |  |  |  |  |
| EUR |
| Akt Randstad Holding NV |  | 92,737 |  | 24,823 | 67,914 | 39.66 | 2,868,814 | 4.55 % |
| Total |  |  |  |  |  |  | 2,868,814 | 4.55 % |
| Total Netherlands |  |  |  |  |  |  | 2,868,814 | 4.55 % |
| Sweden |  |  |  |  |  |  |  |  |
| SEK |
| Akt Swedish Orphan Biovitrum AB |  |  | 15,000 | 15,000 | 0 |  |  |  |
| Total |  |  |  |  |  |  | 0 | 0.00 % |
| Total Sweden |  |  |  |  |  |  | 0 | 0.00 % |
| Switzerland |  |  |  |  |  |  |  |  |
| CHF |
| Akt Adecco SA |  | 87,955 |  | 33,642 | 54,313 | 44.46 | 2,414,756 | 3.83 % |
| Akt The Swatch Group AG |  |  | 8,500 | 676 | 7,824 | 189.10 | 1,479,518 | 2.35 % |
| Namakt Credit Suisse Group |  | 454,056 |  | 197,688 | 256,368 | 9.80 | 2,511,894 | 3.98 % |
| Namakt EFG International |  | 946,458 |  | 392,618 | 553,840 | 6.74 | 3,732,882 | 5.92 % |
| Total |  |  |  |  |  |  | 10,139,050 | 16.08 % |
| Total Switzerland |  |  |  |  |  |  | 10,139,050 | 16.08 % |
| United Kingdom |  |  |  |  |  |  |  |  |
| GBP |
| Akt Aggreko PLC |  | 361,527 | 35,000 | 31,554 | 364,973 | 4.43 | 1,886,510 | 2.99 % |
| Akt Compass Group PLC |  |  | 191,700 |  | 191,700 | 11.12 | 2,488,385 | 3.95 % |
| Akt Kingfisher Plc |  | 1,673,058 |  | 476,214 | 1,196,844 | 2.21 | 3,084,802 | 4.89 % |
| Total |  |  |  |  |  |  | 7,459,697 | 11.83 % |
| Total United Kingdom |  |  |  |  |  |  | 7,459,697 | 11.83 % |
| United States of America |  |  |  |  |  |  |  |  |
| USD |
| Akt Fossil Group Inc |  | 416,619 | 120,000 | 64,681 | 471,938 | 4.65 | 2,087,314 | 3.31 % |
| Akt Pitney Bowes Inc |  | 632,000 |  | 50,293 | 581,707 | 2.60 | 1,438,559 | 2.28 % |
| Akt Goodyear T & Rubber Co |  | 196,159 |  | 196,159 | 0 |  |  |  |

| Title | Currency | Position as at 01.01.2020 | Purchase  1) | Sale  1) 2) | Position as at 30.06.2020 | Price | Value in CHF | Shares in % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Total |  |  |  |  |  |  | 3,525,873 | 5.59 % |
| Total United States of America |  |  |  |  |  |  | 3,525,873 | 5.59 % |
| Total Shares traded on a stock exchange |  |  |  |  |  |  | 61,394,943 | 97.38 % |
| Total Shares |  |  |  |  |  |  | 61,394,943 | 97.38 % |
| Total Transferable securities |  |  |  |  |  |  | 61,394,943 | 97.38 % |
| Other securities and book-entry securities |
| Unlisted Other securities and book-entry securities |
| Netherlands |  |  |  |  |  |  |  |  |
| EUR |
| Morgan Stanley Structured Note 2020-20.04.21 on Societe Television |  | 28,562 |  | 28,562 | 4.81 | 146,449 | 0.23 % |
| Cert Morgan Stanley B.V. 2019-16.04.2020 Underlying Tracker TF1 | 28,562 |  | 28,562 | 0 |  |  |  |
| Total |  |  |  |  |  | 146,449 | 0.23 % |
| Total Netherlands |  |  |  |  |  | 146,449 | 0.23 % |
| Total Unlisted Other securities and book-entry securities |  |  |  |  |  | 146,449 | 0.23 % |
| Total Other securities and book-entry securities |  |  |  |  |  | 146,449 | 0.23 % |
| Derivative financial instruments |  |  |  |  |  |  |  |
| Options |  |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |  |
| PUT Namakt TUI AG 04/2020 EUR 7.90 |  | 290 | 290 | 0 |  |  |  |
| Total |  |  |  |  |  | 0 | 0.00 % |
| USD |  |  |  |  |  |  |  |
| PUT Akt Norwegian Cruise Line Holdings 04/2020 USD 32.50 |  | 75 | 75 | 0 |  |  |  |
| PUT Akt Norwegian Cruise Line Holdings 06/2020 |  | 80 | 80 | 0 |  |  |  |
| PUT Nasdaq 100 Index 05/2020 USD 8575.00 |  | 16 | 16 | 0 |  |  |  |
| Total |  |  |  |  |  | 0 | 0.00 % |
| Total Options |  |  |  |  |  | 0 | 0.00 % |
| Total Derivative financial instruments |  |  |  |  |  | 0 | 0.00 % |
| Bank deposits |  |  |  |  |  |  |  |
| Bank sight deposits |  |  |  |  |  | 1,759,202 | 2.79 % |
| Total Bank deposits |  |  |  |  |  | 1,759,202 | 2.79 % |
| Other assets |  |  |  |  |  | 0 | 0.00 % |
| Total assets 30.06.2020 |  |  |  |  |  | 63,300,593 | 100.40 % |
| Liabilities |  |  |  |  |  | -254,884 | -0.40 % |
| Net assets as at 30.06.2020 |  |  |  |  |  | 63,045,709 | 100.00 % |
| Number of shares outstanding Class CHF |  |  | 516,260.150000 |  |  |  |
| Number of shares outstanding Class EUR |  |  |  | 3,838.434000 |  |  |  |
| Net asset value per unit Class CHF |  |  |  |  | CHF | 120.70 |  |
| Net asset value per unit Class EUR |  |  |  |  | EUR | 177.05 |  |
| Value of the lent securities (in million CHF) |  |  |  |  |  | 0.00 |  |

- incl. split, bonus shares and allocation of rights
- incl. exercise of subscription rights, parity of treatmentAny possible differences in value and in percentage weightings are attributable to rounding off.

Translation (ENDE, 2020-06-30):
# Vermögensinventar / Käufe und Verkäufe
| Titel | Währung | Bestand per 01.01.2020 | Kauf  1) | Verkauf  1) 2) | Bestand per 30.06.2020 | Kurs | Wert in CHF | Anteil in % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Wertpapiere |  |  |  |  |  |  |  |  |
| Aktien |  |  |  |  |  |  |  |  |
| Aktien, die an einer Börse gehandelt werden |
| Belgien |  |  |  |  |  |  |  |  |
| EUR |
| Akt Agfa-Gevaert NV |  | 1’328’409 |  | 401’692 | 926’717 | 3.71 | 3’661’942 | 5.81 % |
| Akt Bpost SA de Droit Public |  | 489’180 |  | 73’928 | 415’252 | 6.00 | 2’653’709 | 4.21 % |
| Total |  |  |  |  |  |  | 6’315’651 | 10.02 % |
| Total Belgien |  |  |  |  |  |  | 6’315’651 | 10.02 % |
| Bermuda |  |  |  |  |  |  |  |  |
| USD |
| Akt Norwegian Cruise Line Holdings Ltd |  | 75’086 |  | 75’086 | 0 |  |  |  |
| Akt Signet Jewelers Ltd |  | 67’757 |  | 67’757 | 0 |  |  |  |
| Total |  |  |  |  |  |  | 0 | 0.00 % |
| Total Bermuda |  |  |  |  |  |  | 0 | 0.00 % |
| Dänemark |  |  |  |  |  |  |  |  |
| DKK |
| Akt Pandora A/S |  | 65’976 |  | 18’750 | 47’226 | 360.30 | 2’431’801 | 3.86 % |
| Total |  |  |  |  |  |  | 2’431’801 | 3.86 % |
| Total Dänemark |  |  |  |  |  |  | 2’431’801 | 3.86 % |
| Deutschland |  |  |  |  |  |  |  |  |
| EUR |
| Akt Bilfinger Berger AG |  | 134’750 |  | 10’723 | 124’027 | 17.00 | 2’245’720 | 3.56 % |
| Akt Krones AG |  | 2’283 | 26’000 | 3’251 | 25’032 | 57.10 | 1’522’376 | 2.41 % |
| Akt Wacker Chemie AG |  | 2’301 | 43’898 | 3’676 | 42’523 | 61.04 | 2’764’578 | 4.39 % |
| Namakt Deutsche Post AG |  | 155’576 |  | 119’458 | 36’118 | 32.55 | 1’252’175 | 1.99 % |
| Namakt ProSiebenSat. 1 Media AG |  | 221’000 | 35’000 | 20’372 | 235’628 | 10.59 | 2’657’745 | 4.22 % |
| Namakt TUI AG |  | 291’200 |  | 194’838 | 96’362 | 4.20 | 430’657 | 0.68 % |
| Total |  |  |  |  |  |  | 10’873’251 | 17.25 % |
| Total Deutschland |  |  |  |  |  |  | 10’873’251 | 17.25 % |
| Finnland |  |  |  |  |  |  |  |  |
| EUR |
| Akt Waertsilae -B- |  |  | 324’000 | 25’783 | 298’217 | 7.36 | 2’337’128 | 3.71 % |
| Total |  |  |  |  |  |  | 2’337’128 | 3.71 % |
| Total Finnland |  |  |  |  |  |  | 2’337’128 | 3.71 % |
| Frankreich |  |  |  |  |  |  |  |  |
| EUR |
| Akt Television Francaise 1 SA |  | 373’000 |  | 31’955 | 341’045 | 4.81 | 1’748’671 | 2.77 % |
| Akt Vivendi SA |  | 138’167 |  | 30’199 | 107’968 | 22.84 | 2’626’525 | 4.17 % |
| Total |  |  |  |  |  |  | 4’375’196 | 6.94 % |
| Total Frankreich |  |  |  |  |  |  | 4’375’196 | 6.94 % |

| Titel | Währung | Bestand per 01.01.2020 | Kauf  1) | Verkauf  1) 2) | Bestand per 30.06.2020 | Kurs | Wert in CHF | Anteil in % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Grossbritannien |  |  |  |  |  |  |  |  |
| GBP |
| Akt Aggreko PLC |  | 361’527 | 35’000 | 31’554 | 364’973 | 4.43 | 1’886’510 | 2.99 % |
| Akt Compass Group PLC |  |  | 191’700 |  | 191’700 | 11.12 | 2’488’385 | 3.95 % |
| Akt Kingfisher Plc |  | 1’673’058 |  | 476’214 | 1’196’844 | 2.21 | 3’084’802 | 4.89 % |
| Total |  |  |  |  |  |  | 7’459’697 | 11.83 % |
| Total Grossbritannien |  |  |  |  |  |  | 7’459’697 | 11.83 % |
| Irland |  |  |  |  |  |  |  |  |
| USD |
| Akt AerCapHoldings N.V. |  | 88’408 | 18’000 | 17’569 | 88’839 | 30.80 | 2’602’581 | 4.13 % |
| Total |  |  |  |  |  |  | 2’602’581 | 4.13 % |
| Total Irland |  |  |  |  |  |  | 2’602’581 | 4.13 % |
| Italien |  |  |  |  |  |  |  |  |
| EUR |
| Akt Banca Monte dei Paschi di Siena SPA |  | 1’706’386 |  | 135’789 | 1’570’597 | 1.58 | 2’638’073 | 4.18 % |
| Akt Unipol Gruppo Finanziario SpA post raggruppamento |  | 1’117’086 |  | 238’895 | 878’191 | 3.46 | 3’238’221 | 5.14 % |
| Total |  |  |  |  |  |  | 5’876’294 | 9.32 % |
| Total Italien |  |  |  |  |  |  | 5’876’294 | 9.32 % |
| Niederlande |  |  |  |  |  |  |  |  |
| EUR |
| Akt Randstad Holding NV |  | 92’737 |  | 24’823 | 67’914 | 39.66 | 2’868’814 | 4.55 % |
| Total |  |  |  |  |  |  | 2’868’814 | 4.55 % |
| Total Niederlande |  |  |  |  |  |  | 2’868’814 | 4.55 % |
| Österreich |  |  |  |  |  |  |  |  |
| EUR |
| Akt Andritz AG |  | 92’937 |  | 17’896 | 75’041 | 32.40 | 2’589’608 | 4.11 % |
| Total |  |  |  |  |  |  | 2’589’608 | 4.11 % |
| Total Österreich |  |  |  |  |  |  | 2’589’608 | 4.11 % |
| Schweden |  |  |  |  |  |  |  |  |
| SEK |
| Akt Swedish Orphan Biovitrum AB |  |  | 15’000 | 15’000 | 0 |  |  |  |
| Total |  |  |  |  |  |  | 0 | 0.00 % |
| Total Schweden |  |  |  |  |  |  | 0 | 0.00 % |
| Schweiz |  |  |  |  |  |  |  |  |
| CHF |
| Akt Adecco SA |  | 87’955 |  | 33’642 | 54’313 | 44.46 | 2’414’756 | 3.83 % |
| Akt The Swatch Group AG |  |  | 8’500 | 676 | 7’824 | 189.10 | 1’479’518 | 2.35 % |
| Namakt Credit Suisse Group |  | 454’056 |  | 197’688 | 256’368 | 9.80 | 2’511’894 | 3.98 % |
| Namakt EFG International |  | 946’458 |  | 392’618 | 553’840 | 6.74 | 3’732’882 | 5.92 % |
| Total |  |  |  |  |  |  | 10’139’050 | 16.08 % |
| Total Schweiz |  |  |  |  |  |  | 10’139’050 | 16.08 % |
| Vereinigte Staaten von Amerika |  |  |  |  |  |  |  |  |
| USD |
| Akt Fossil Group Inc |  | 416’619 | 120’000 | 64’681 | 471’938 | 4.65 | 2’087’314 | 3.31 % |

| Titel | Währung | Bestand per 01.01.2020 | Kauf  1) | Verkauf  1) 2) | Bestand per 30.06.2020 | Kurs | Wert in CHF | Anteil in % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Akt Pitney Bowes Inc |  | 632’000 |  | 50’293 | 581’707 | 2.60 | 1’438’559 | 2.28 % |
| Akt Goodyear T & Rubber Co |  | 196’159 |  | 196’159 | 0 |  |  |  |
| Total |  |  |  |  |  |  | 3’525’873 | 5.59 % |
| Total Vereinigte Staaten von Amerika |  |  |  |  |  |  | 3’525’873 | 5.59 % |
| Total Aktien, die an einer Börse gehandelt werden |  |  |  |  |  | 61’394’943 | 97.38 % |
| Total Aktien |  |  |  |  |  |  | 61’394’943 | 97.38 % |
| Total Wertpapiere |  |  |  |  |  |  | 61’394’943 | 97.38 % |
| Andere Wertpapiere und Wertrechte |  |  |  |  |  |  |  |  |
| Andere Wertpapiere und Wertrechte, nicht kotiert |
| Niederlande |  |  |  |  |  |  |  |  |
| EUR |
| Morgan Stanley Structured Note 2020-20.04.21 on Societe Television |  | 28’562 |  | 28’562 | 4.81 | 146’449 | 0.23 % |
| Cert Morgan Stanley B.V. 2019-16.04.2020 Underlying Tracker TF1 | 28’562 |  | 28’562 | 0 |  |  |  |
| Total |  |  |  |  |  | 146’449 | 0.23 % |
| Total Niederlande |  |  |  |  |  | 146’449 | 0.23 % |
| Total Andere Wertpapiere und Wertrechte, nicht kotiert |  |  |  |  |  | 146’449 | 0.23 % |
| Total Andere Wertpapiere und Wertrechte |  |  |  |  |  | 146’449 | 0.23 % |
| Derivate Finanzinstrumente |  |  |  |  |  |  |  |
| Optionen |  |  |  |  |  |  |  |
| EUR |  |  |  |  |  |  |  |
| PUT Namakt TUI AG 04/2020 EUR 7.90 |  | 290 | 290 | 0 |  |  |  |
| Total |  |  |  |  |  | 0 | 0.00 % |
| USD |  |  |  |  |  |  |  |
| PUT Akt Norwegian Cruise Line Holdings 04/2020 USD 32.50 |  | 75 | 75 | 0 |  |  |  |
| PUT Akt Norwegian Cruise Line Holdings 06/2020 |  | 80 | 80 | 0 |  |  |  |
| PUT Nasdaq 100 Index 05/2020 USD 8575.00 |  | 16 | 16 | 0 |  |  |  |
| Total |  |  |  |  |  | 0 | 0.00 % |
| Total Optionen |  |  |  |  |  | 0 | 0.00 % |
| Total Derivate Finanzinstrumente |  |  |  |  |  | 0 | 0.00 % |
| Bankguthaben |  |  |  |  |  |  |  |
| Bankguthaben auf Sicht |  |  |  |  |  | 1’759’202 | 2.79 % |
| Total Bankguthaben |  |  |  |  |  | 1’759’202 | 2.79 % |
| Sonstige Vermögenswerte |  |  |  |  |  | 0 | 0.00 % |
| Gesamtvermögen per 30.06.2020 |  |  |  |  |  | 63’300’593 | 100.40 % |
| Verbindlichkeiten |  |  |  |  |  | -254’884 | -0.40 % |
| Nettovermögen per 30.06.2020 |  |  |  |  |  | 63’045’709 | 100.00 % |
| Anzahl der Anteile im Umlauf Klasse CHF |  |  | 516’260.150000 |  |  |  |
| Anzahl der Anteile im Umlauf Klasse EUR |  |  |  | 3’838.434000 |  |  |  |
| Nettoinventarwert pro Anteil Klasse CHF |  |  |  |  | CHF | 120.70 |  |
| Nettoinventarwert pro Anteil Klasse EUR |  |  |  |  | EUR | 177.05 |  |
| Wert der ausgeliehenen Wertpapiere (in Mio. CHF) |  |  |  |  |  | 0.00 |  |

- inkl. Split, Gratisaktien und Zuteilung von Anrechten
- inkl. Ausübung von Bezugsrechten, GleichstellungAllfällige Differenzen bei den Werten und bei den prozentualen Gewichtungen sind auf Rundungen zurückzuführen.