# TOTAL EXPENSE RATIO
Total Expense Ratio for the period from 1 July 2021 to 30 June 2022:
| Sub-Fund | Share class | TER |
| --- | --- | --- |
| Algebris Financial Credit |  |  |
|  | AUD Class I Shares | 0.98% |
|  | AUD Class R Shares | 1.26% |
|  | AUD Class Rd Shares | 1.26% |
|  | AUD Class Wd Shares | 1.56% |
|  | CHF Class C Shares | 1.06% |
|  | CHF Class I Shares | 1.52% |
|  | CHF Class Id Shares | 1.37% |
|  | CHF Class R Shares | 2.24% |
|  | CHF Class Rd Shares | 2.18% |
|  | CHF Class W Shares | 1.56% |
|  | CHF Class Wd Shares | 1.56% |
|  | CHF Class Z Shares | 0.85% |
|  | EUR Class C Shares | 1.06% |
|  | EUR Class Cd Shares | 1.06% |
|  | EUR Class I Shares | 1.70% |
|  | EUR Class Id Shares | 1.59% |
|  | EUR Class M Shares | 0.06% |
|  | EUR Class Md Shares | 0.06% |
|  | EUR Class R Shares | 2.18% |
|  | EUR Class Rd Shares | 2.18% |

TOTAL EXPENSE RATIO (continued)
| Sub-Fund | Share class | TER |
| --- | --- | --- |
| Algebris Financial Credit |  |  |
|  | EUR Class W Shares | 1.56% |
|  | EUR Class Wd Shares | 1.56% |
|  | EUR Class XXLD Shares | 0.56% |
|  | EUR Class Z Shares | 0.85% |
|  | EUR Class Zd Shares | 0.85% |
|  | GBP Class C Shares | 1.06% |
|  | GBP Class Cd Shares | 1.06% |
|  | GBP Class I Shares | 1.81% |
|  | GBP Class Id Shares | 1.99% |
|  | GBP Class M Shares | 0.06% |
|  | GBP Class Md Shares | 0.06% |
|  | GBP Class R Shares | 2.46% |
|  | GBP Class Rd Shares | 2.51% |
|  | GBP Class W Shares | 1.56% |
|  | GBP Class Wd Shares | 1.56% |
|  | GBP Class Z Shares | 0.85% |
|  | GBP Class Zd Shares | 0.00% |
|  | HKD Class I Shares | 0.67% |
|  | HKD Class Rd Shares | 1.26% |
|  | JPY Class I Shares | 0.57% |
|  | JPY Class Rd Shares | 1.26% |
|  | SGD Class I Shares | 1.35% |
|  | SGD Class Id Shares | 1.36% |
|  | SGD Class R Shares | 2.01% |
|  | SGD Class Rd Shares | 2.04% |
|  | SGD Class W Shares | 1.56% |
|  | SGD Class Wd Shares | 1.56% |
|  | USD Class C Shares | 1.06% |
|  | USD Class Cd Shares | 1.06% |
|  | USD Class I Shares | 1.54% |
|  | USD Class Id Shares | 1.73% |
|  | USD Class M Shares | 0.06% |
|  | USD Class Md Shares | 0.06% |
|  | USD Class R Shares | 2.17% |
|  | USD Class Rd Shares | 2.23% |
|  | USD Class W Shares | 1.56% |
|  | USD Class Wd Shares | 1.56% |
|  | USD Class XXL Shares | 0.56% |
|  | USD Class Z Shares | 0.85% |
|  | USD Class Zd Shares | 0.85% |

TOTAL EXPENSE RATIO (continued)
| Sub-Fund | Share class | TER |
| --- | --- | --- |
| Algebris Financial Income Fund* |  |  |
|  | CHF Class B Shares | 0.56% |
|  | CHF Class I Shares | 0.96% |
|  | CHF Class Id Shares | 0.96% |
|  | CHF Class R Shares | 1.86% |
|  | CHF Class Rd Shares | 1.86% |
|  | EUR Class B Shares | 0.56% |
|  | EUR Class Bd Shares | 0.56% |
|  | EUR Class I Shares | 0.96% |
|  | EUR Class Id Shares | 0.96% |
|  | EUR Class M Shares | 0.06% |
|  | EUR Class Md Shares | 0.06% |
|  | EUR Class R Shares | 1.86% |
|  | EUR Class Rd Shares | 1.86% |
|  | GBP Class Bd Shares | 0.56% |
|  | GBP Class I Shares | 0.96% |
|  | GBP Class Id Shares | 0.96% |
|  | GBP Class M Shares | 0.06% |
|  | GBP Class Md Shares | 0.06% |
|  | GBP Class R Shares | 1.86% |
|  | GBP Class Rd Shares | 1.86% |
|  | HKD Class I Shares | 0.96% |
|  | JPY Class I Shares | 0.96% |
|  | SGD Class Id Shares | 0.96% |
|  | SGD Class R Shares | 1.86% |
|  | SGD Class Rd Shares | 1.86% |
|  | USD Class I Shares | 0.96% |
|  | USD Class Id Shares | 0.96% |
|  | USD Class M Shares | 0.06% |
|  | USD Class Md Shares | 0.06% |
|  | USD Class R Shares | 1.86% |
|  | USD Class Rd Shares | 1.86% |
| Sub-Fund | Share class | TER |
| Algebris Financial Equity Fund* |  |  |
|  | CHF Class B Shares | 0.99% |
|  | CHF Class R Shares | 1.99% |
|  | EUR Class B Shares | 0.99% |
|  | EUR Class Bm Shares | 0.99% |
|  | EUR Class I Shares | 1.04% |
|  | EUR Class M Shares | 0.15% |
|  | EUR Class R Shares | 1.99% |
|  | GBP Class B Shares | 0.99% |
|  | GBP Class I Shares | 1.14% |
|  | GBP Class M Shares | 0.15% |
|  | GBP Class Md Shares | 0.15% |
|  | JPY Class B Shares | 0.99% |
|  | USD Class B Shares | 0.99% |
|  | USD Class Bm Shares | 0.99% |
|  | USD Class R Shares | 1.99% |
|  | USD Class Md Shares | 0.15% |
|  | USD Class Mm Shares | 0.15% |

TOTAL EXPENSE RATIO (continued)
| Sub-Fund | Share class | TER |
| --- | --- | --- |
| Algebris Global Credit Opportunities Fund |
|  | CHF Class B Shares | 1.51% |
|  | CHF Class I Shares | 1.78% |
|  | CHF Class R Shares | 2.50% |
|  | EUR Class B Shares | 1.62% |
|  | EUR Class Bd Shares | 1.58% |
|  | EUR Class I Shares | 2.06% |
|  | EUR Class Id Shares | 2.06% |
|  | EUR Class M Shares | 0.09% |
|  | EUR Class Md Shares | 0.09% |
|  | EUR Class R Shares | 2.62% |
|  | EUR Class Rd Shares | 2.69% |
|  | EUR Class XXl Shares | 0.69% |
|  | GBP Class B Shares | 1.80% |
|  | GBP Class I Shares | 2.69% |
|  | GBP Class Id Shares | 2.74% |
|  | GBP Class M Shares | 0.09% |
|  | GBP Class Md Shares | 0.09% |
|  | GBP Class R Shares | 2.94% |
|  | JPY Class I Shares | 0.99% |
|  | SGD Class M Shares | 0.09% |
|  | USD Class B Shares | 1.67% |
|  | USD Class I Shares | 2.09% |
|  | USD Class M Shares | 0.09% |
|  | USD Class Md Shares | 0.09% |
|  | USD Class R Shares | 2.74% |
| Sub-Fund | Share class | TER |
| Algebris Core Italy Fund |  |  |
|  | EUR Class Eb Shares | 0.61% |
|  | EUR Class M Shares | 0.11% |
|  | EUR Class Md Shares | 0.11% |
|  | EUR Class I Shares | 3.89% |
|  | EUR Class R Shares | 3.88% |
|  | EUR Class Rd Shares | 2.95% |
|  | GBP Class M Shares | 0.11% |
|  | JPY Class I Shares | 0.86% |
|  | USD Class I Shares | 5.25% |
|  | USD Class M Shares | 0.11% |
|  | USD Class R Shares | 1.69% |

TOTAL EXPENSE RATIO (continued)
| Sub-Fund | Share class | TER |
| --- | --- | --- |
| Algebris IG Financial Credit Fund* |  |  |
|  | CHF Class B Shares | 0.50% |
|  | CHF Class Bd Shares | 0.50% |
|  | CHF Class I Shares | 0.60% |
|  | CHF Class R Shares | 1.10% |
|  | CHF Class Wd Shares | 1.00% |
|  | EUR Class B Shares | 0.50% |
|  | EUR Class Bd Shares | 0.50% |
|  | EUR Class I Shares | 0.60% |
|  | EUR Class Id Shares | 0.60% |
|  | EUR Class M Shares | 0.10% |
|  | EUR Class Md Shares | 0.10% |
|  | EUR Class R Shares | 1.10% |
|  | EUR Class Rd Shares | 1.10% |
|  | EUR Class W Shares | 1.00% |
|  | EUR Class Wd Shares | 1.00% |
|  | GBP Class B Shares | 0.50% |
|  | GBP Class Bd Shares | 0.50% |
|  | GBP Class I Shares | 0.60% |
|  | GBP Class Id Shares | 0.60% |
|  | GBP Class M Shares | 0.10% |
|  | GBP Class Md Shares | 0.10% |
|  | GBP Class R Shares | 1.10% |
|  | HKD Class I Shares | 0.60% |
|  | JPY Class I Shares | 0.60% |
|  | JPY Class M Shares | 0.10% |
|  | SGD Class B Shares | 0.50% |
|  | SGD Class I Shares | 0.60% |
|  | USD Class B Shares | 0.50% |
|  | USD Class Bd Shares | 0.50% |
|  | USD Class I Shares | 0.60% |
|  | USD Class Id Shares | 0.60% |
|  | USD Class M Shares | 0.10% |
|  | USD Class R Shares | 1.10% |
|  | USD Class Rd Shares | 1.10% |
|  | USD Class W Shares | 1.00% |
|  | USD Class Wd Shares | 1.00% |

* As at 30 June 2022, no performance fees are paid.

## Securities Financing Transaction
A Securities Financing Transaction (“SFT”) is defined per Article 3(11) of the Securities Financing Transaction Regulation (“SFTR”) as;
- a repurchase transaction or a reverse repurchase transaction;
- a securities or commodities lending and securities or commodities borrowing;
- a buy-sell back transaction or sell-buy back transaction;
- a margin lending transaction.

As at 30 June 2022, the Sub-Funds engaged in one types of SFT’s: Total Return Swaps.

## Algebris Financial Credit Fund
The Algebris Financial Credit Fund has not engaged in any SFT’s for the period ending 30 June 2022.

## Algebris Financial Income Fund
The amount of securities and commodities on loan as a proportion of total lendable assets (excluding cash and cash equivalents) was 0% as at 30 June 2022.

## Global data
|  | Absolute amount EUR | % of Net assets |
| --- | --- | --- |
| Total Return Swaps | 	2,164,907	 | 0.48% |
| Total | 	2,164,907	 | 0.48% |

Concentration data
The following table reflects the counter parties across all Total Return Swaps as at 30 June 2022, is as follows:
| Counterparty | Swaps EUR |
| --- | --- |
| BNP Paribas SA | 	2,164,907 |
| Total | 2,164,907 |


## Securities Financing Transaction (continued) Algebris Financial Income Fund (continued) Aggregate Transaction Data
| Counterparty | Type of SFT | Maturity tenor (SFTs/Total Return Swaps) | Market Value (EUR) | MTM (EUR) | Country of counterparty establishment (not collateral) | Settlement and clearing |
| --- | --- | --- | --- | --- | --- | --- |
| BNP Paribas SA | Total Return Swap | Above one year |  | 2,164,907 | UK | Bilateral |

The Company does not segregate cash collateral received and as such there is no segregation of any reinvestment return on cash collateral for the period to 30 June 2022.
The Company has no custody accounts in existence specifically for the safekeeping of collateral received.

## Safekeeping
| Depositary | Collateral assets safe-kept |
| --- | --- |
|  | EUR |
| BNP Paribas SA | 	12,677,694 |
| Total | 12,677,694 |

The proportion of collateral held in pooled accounts is 100%.

## Data on return and cost for Swap
The following table reflects the return and cost for Swaps broken down between the Sub-Fund, the Investment Manager and third parties for the period ended 30 June 2022. The returns presented are isolated to the financing transactions themselves and therefore do not include investment returns on the underlying collateral positions:
|  | Fund | Manager | Third parties |
| --- | --- | --- | --- |
|  | EUR | EUR | EUR |
| Total Return Swaps | 	82,273	 |  |  |
| Total | 	82,273	 |  |  |


## Securities Financing Transaction (continued) Algebris Financial Equity Fund
The amount of securities and commodities on loan as a proportion of total lendable assets (excluding cash and cash
equivalents) was 0% as at 30 June 2022.

## Global data
|  | Absolute amount EUR | % of Net assets |
| --- | --- | --- |
| Total Return Swaps | 	1,347,014	 | 0.82% |
| Total | 	1,347,014	 | 0.82% |

Concentration data
The following table reflects the counter parties across all Total Return Swaps contracts as at 30 June 2022, is as follows:
| Counterparty | Swaps EUR |
| --- | --- |
| BNP Paribas SA | 	1,347,014 |
| Total | 1,347,014 |


## Aggregate Transaction Data
| Counterparty | Type of SFT | Maturity tenor (SFTs/Total Return Swaps) | Market Value (EUR) | MTM (EUR) | Country of counterparty establishment (not collateral) | Settlement and clearing |
| --- | --- | --- | --- | --- | --- | --- |
| BNP Paribas SA | Total Return Swap | Above one year |  | 1,347,014 | UK | Bilateral |

The Company does not segregate cash collateral received and as such there is no segregation of any reinvestment return on cash collateral for the period to 30 June 2022.
The Company has no custody accounts in existence specifically for the safekeeping of collateral received.

## Safekeeping
| Depositary | Collateral assets safe-kept |
| --- | --- |
|  | EUR |
| BNP Paribas SA | 	3,614,052 |
| Total | 3,614,052 |

The proportion of collateral held in pooled accounts is 100%.

## Securities Financing Transaction (continued) Algebris Financial Equity Fund (continued) Data on return and cost for Swap
The following table reflects the return and cost for Swaps broken down between the Sub-Fund, the Investment Manager and third parties for the period ended 30 June 2022. The returns presented are isolated to the financing transactions themselves and therefore do not include investment returns on the underlying collateral positions:
|  | Fund | Manager | Third parties |
| --- | --- | --- | --- |
|  | EUR | EUR | EUR |
| Total Return Swaps | 	55,483	 |  |  |
| Total | 55,483 |  |  |


## Algebris Global Credit Opportunities Fund
The amount of securities and commodities on loan as a proportion of total lendable assets (excluding cash and cash equivalents) was 0% as at 30 June 2022.

## Global data
|  | Absolute amount EUR | % of Net assets |
| --- | --- | --- |
| Total Return Swaps | 	7,429,391	 | 1.4091% |
| Total | 	7,429,391	 | 1.4091% |

The following table reflects the counter parties across all Total Return Swaps and Repurchase Agreements contracts as at 30 June 2022, is as follows:
| Counterparty | Swaps EUR |
| --- | --- |
| BNP Paribas S.A. | 4,953,776 |
| JP Morgan Securities Plc | 343,665 |
| Goldman Sachs International | 	2,131,950 |
| Total | 7,429,391 |


## Securities Financing Transaction (continued)
Algebris Global Credit Opportunities Fund (continued) Aggregate Transaction Data
| Counterparty | Type of SFT | Maturity tenor (SFTs/Total Return Swaps) | Market Value (EUR) | MTM (EUR) | Country of counterparty establishment (not collateral) | Settlement and clearing |
| --- | --- | --- | --- | --- | --- | --- |
| BNP Paribas SA | Total Return Swap | Above one year |  | 25,708 | UK | Bilateral |
| BNP Paribas S.A. | Total Return Swap | Three months to one year |  | 4,928,068 | UK | Bilateral |
| JP Morgan Securities Plc | Total Return Swap | Three months to one year |  | 343,665 | UK | Bilateral |
| Goldman Sachs International | Total Return Swap | One Month to Three Months |  | 2,131,950 | UK | Bilateral |

The Company does not segregate cash collateral received and as such there is no segregation of any reinvestment return on cash collateral for the period to 30 June 2022.
The Company has no custody accounts in existence specifically for the safekeeping of collateral received.

## Safekeeping
| Depositary | Collateral assets safe-kept |
| --- | --- |
|  | EUR |
| BNP Paribas S.A. | 5,279,178 |
| Goldman Sachs International | 2,083,680 |
| JP Morgan Securities Plc | 118,861 |
| Total | 7,481,719 |

The proportion of collateral held in pooled accounts is 100%.

## Data on return and cost for Swap and Repurchase Agreements
The following table reflects the return and cost for Swaps broken down between the Sub-Fund, the Investment Manager and third parties for the period ended 30 June 2022. The returns presented are isolated to the financing transactions themselves and therefore do not include investment returns on the underlying collateral positions:
|  | Fund | Manager | Third parties |
| --- | --- | --- | --- |
|  | EUR | EUR | EUR |
| Total return Swaps | 	7,928	 |  |  |
| Total | 	7,928	 |  |  |


## Securities Financing Transaction (continued) Algebris IG Financial Credit Fund
The Algebris IG Financial Credit Fund has not engaged in any SFT’s for the period ending 30 June 2022.

## Algebris Core Italy Fund
The Algebris Core Italy Fund has not engaged in any SFT’s for the period ending 30 June 2022.

Translation (ENIT, 2022-06-30):
# TOTAL EXPENSE RATIO
Total expense ratio per il periodo dal 1° luglio 2021 al 30 giugno 2022:
| Comparto | Classe di Azioni | TER |
| --- | --- | --- |
| Algebris Financial Credit |  |  |
|  | AUD Classe I | 0,98% |
|  | AUD Classe R | 1,26% |
|  | AUD Classe Rd | 1,26% |
|  | AUD Classe Wd | 1,56% |
|  | CHF Classe C | 1,06% |
|  | CHF Classe I | 1,52% |
|  | CHF Classe Id | 1,37% |
|  | CHF Classe R | 2,24% |
|  | CHF Classe Rd | 2,18% |
|  | CHF Classe W | 1,56% |
|  | CHF Classe Wd | 1,56% |
|  | CHF Classe Z | 0,85% |
|  | EUR Classe C | 1,06% |
|  | EUR Classe Cd | 1,06% |
|  | EUR Classe I | 1,70% |
|  | EUR Classe Id | 1,59% |
|  | EUR Classe M | 0,06% |
|  | EUR Classe Md | 0,06% |
|  | EUR Classe R | 2,18% |
|  | EUR Classe Rd | 2,18% |

TOTAL EXPENSE RATIO (segue)
| Comparto | Classe di Azioni | TER |
| --- | --- | --- |
| Algebris Financial Credit |  |  |
|  | EUR Classe W | 1,56% |
|  | EUR Classe Wd | 1,56% |
|  | EUR Classe XXLD | 0,56% |
|  | EUR Classe Z | 0,85% |
|  | EUR Classe Zd | 0,85% |
|  | GBP Classe C | 1,06% |
|  | GBP Classe Cd | 1,06% |
|  | GBP Classe I | 1,81% |
|  | GBP Classe Id | 1,99% |
|  | GBP Classe M | 0,06% |
|  | GBP Classe Md | 0,06% |
|  | GBP Classe R | 2,46% |
|  | GBP Classe Rd | 2,51% |
|  | GBP Classe W | 1,56% |
|  | GBP Classe Wd | 1,56% |
|  | GBP Classe Z | 0,85% |
|  | GBP Classe Zd | 0,00% |
|  | HDK Classe I | 0,67% |
|  | HKD Classe Rd | 1,26% |
|  | JPY Classe I | 0,57% |
|  | JPY Classe Rd | 1,26% |
|  | SGD Classe I | 1,35% |
|  | SGD Classe Id | 1,36% |
|  | SGD Classe R | 2,01% |
|  | SGD Classe Rd | 2,04% |
|  | SGD Classe W | 1,56% |
|  | SGD Classe Wd | 1,56% |
|  | USD Classe C | 1,06% |
|  | USD Classe Cd | 1,06% |
|  | USD Classe I | 1,54% |
|  | USD Classe Id | 1,73% |
|  | USD Classe M | 0,06% |
|  | USD Classe Md | 0,06% |
|  | USD Classe R | 2,17% |
|  | USD Classe Rd | 2,23% |
|  | USD Classe W | 1,56% |
|  | USD Classe Wd | 1,56% |
|  | USD Classe XXL | 0,56% |
|  | USD Classe Z | 0,85% |
|  | USD Classe Zd | 0,85% |

TOTAL EXPENSE RATIO (segue)
| Comparto | Classe di Azioni | TER |
| --- | --- | --- |
| Algebris Financial Income Fund |  |  |
|  | CHF Classe B | 0,56% |
|  | CHF Classe I | 0,96% |
|  | CHF Classe Id | 0,96% |
|  | CHF Classe R | 1,86% |
|  | CHF Classe Rd | 1,86% |
|  | EUR Classe B | 0,56% |
|  | EUR Classe Bd | 0,56% |
|  | EUR Classe I | 0,96% |
|  | EUR Classe Id | 0,96% |
|  | EUR Classe M | 0,06% |
|  | EUR Classe Md | 0,06% |
|  | EUR Classe R | 1,86% |
|  | EUR Classe Rd | 1,86% |
|  | GBP Classe Bd | 0,56% |
|  | GBP Classe I | 0,96% |
|  | GBP Classe Id | 0,96% |
|  | GBP Classe M | 0,06% |
|  | GBP Classe Md | 0,06% |

|  | GBP Classe R |  | 1,86% |
| --- | --- | --- | --- |
| GBP Classe Rd |  | 1,86% |
| HDK Classe I |  | 0,96% |
| JPY Classe I |  | 0,96% |
| SGD Classe Id |  | 0,96% |
| SGD Classe R |  | 1,86% |
| SGD Classe Rd |  | 1,86% |
| USD Classe I |  | 0,96% |
| USD Classe Id |  | 0,96% |
| USD Classe M |  | 0,06% |
| USD Classe Md |  | 0,06% |
| USD Classe R |  | 1,86% |
| USD Classe Rd |  | 1,86% |
| Comparto | Classe di Azioni | TER |  |
| Algebris Financial Equity Fund | CHF Classe B |  | 0,99% |
|  | CHF Classe R |  | 1,99% |
|  | EUR Classe B |  | 0,99% |
|  | EUR Classe Bm |  | 0,99% |
|  | EUR Classe I |  | 1,04% |
|  | EUR Classe M |  | 0,15% |
|  | EUR Classe R |  | 1,99% |
|  | GBP Classe B |  | 0,99% |
|  | GBP Classe I |  | 1,14% |
|  | GBP Classe M |  | 0,15% |
|  | GBP Classe Md |  | 0,15% |
|  | JPY Classe B |  | 0,99% |
|  | USD Classe B |  | 0,99% |
|  | USD Classe Bm |  | 0,99% |
|  | USD Classe R |  | 1,99% |
|  | USD Classe Md |  | 0,15% |
|  | USD Classe Mm |  | 0,15% |

TOTAL EXPENSE RATIO (segue)
| Comparto | Classe di Azioni | TER |  |
| --- | --- | --- | --- |
| Algebris Global Credit Opportunities Fund | CHF Classe B |  | 1,51% |
|  | CHF Classe I |  | 1,78% |
|  | CHF Classe R |  | 2,50% |
|  | EUR Classe B |  | 1,62% |
|  | EUR Classe Bd |  | 1,58% |
|  | EUR Classe I |  | 2,06% |
|  | EUR Classe Id |  | 2,06% |
|  | EUR Classe M |  | 0,09% |
|  | EUR Classe Md |  | 0,09% |
|  | EUR Classe R |  | 2,62% |
|  | EUR Classe Rd |  | 2,69% |
|  | EUR Classe XXl |  | 0,69% |
|  | GBP Classe B |  | 1,80% |
|  | GBP Classe I |  | 2,69% |
|  | GBP Classe Id |  | 2,74% |
|  | GBP Classe M |  | 0,09% |
|  | GBP Classe Md |  | 0,09% |
|  | GBP Classe R |  | 2,94% |
|  | JPY Classe I |  | 0,99% |
|  | SGD Classe M |  | 0,09% |
|  | USD Classe B |  | 1,67% |
|  | USD Classe I |  | 2,09% |
|  | USD Classe M |  | 0,09% |
|  | USD Classe Md |  | 0,09% |
|  | USD Classe R |  | 2,74% |
| Comparto | Classe di Azioni | TER |  |
| Algebris Core Italy Fund | EUR Classe Eb |  | 0,61% |
|  | EUR Classe M |  | 0,11% |
|  | EUR Classe Md |  | 0,11% |
|  | EUR Classe I |  | 3,89% |
|  | EUR Classe R |  | 3,88% |
|  | EUR Classe Rd |  | 2,95% |
|  | GBP Classe M |  | 0,11% |
|  | JPY Classe I |  | 0,86% |
|  | USD Classe I |  | 5,25% |
|  | USD Classe M |  | 0,11% |
|  | USD Classe R |  | 1,69% |

TOTAL EXPENSE RATIO (segue)
| Comparto | Classe di Azioni | TER |
| --- | --- | --- |
| Algebris IG Financial Credit Fund |  |  |
|  | CHF Classe B | 0,50% |
|  | CHF Classe Bd | 0,50% |
|  | CHF Classe I | 0,60% |
|  | CHF Classe R | 1,10% |
|  | CHF Classe Wd | 1,00% |
|  | EUR Classe B | 0,50% |
|  | EUR Classe Bd | 0,50% |
|  | EUR Classe I | 0,60% |
|  | EUR Classe Id | 0,60% |
|  | EUR Classe M | 0,10% |
|  | EUR Classe Md | 0,10% |
|  | EUR Classe R | 1,10% |
|  | EUR Classe Rd | 1,10% |
|  | EUR Classe W | 1,00% |
|  | EUR Classe Wd | 1,00% |
|  | GBP Classe B | 0,50% |
|  | GBP Classe Bd | 0,50% |
|  | GBP Classe I | 0,60% |
|  | GBP Classe Id | 0,60% |
|  | GBP Classe M | 0,10% |
|  | GBP Classe Md | 0,10% |
|  | GBP Classe R | 1,10% |
|  | HDK Classe I | 0,60% |
|  | JPY Classe I | 0,60% |
|  | JPY Classe M | 0,10% |
|  | SGD Classe B | 0,50% |
|  | SGD Classe I | 0,60% |
|  | USD Classe B | 0,50% |
|  | USD Classe Bd | 0,50% |
|  | USD Classe I | 0,60% |
|  | USD Classe Id | 0,60% |
|  | USD Classe M | 0,10% |
|  | USD Classe R | 1,10% |
|  | USD Classe Rd | 1,10% |
|  | USD Classe W | 1,00% |
|  | USD Classe Wd | 1,00% |

* Al 30 giugno 2022 non sono state pagate commissioni di performance.

## Operazioni di finanziamento tramite titoli
Un’operazione di finanziamento tramite titoli ("SFT") è definita dall'articolo 3 (11) del Securities Financing Transaction Regulation ("SFTR") come:
- un’operazione con patto di riacquisto o con patto di riacquisto inverso;
- la concessione o assunzione di titoli o merci in prestito;
- un’operazione di buy-sell back o di sell-buy back;
- un finanziamento con margini.

Al 30 giugno 2022 i Comparti erano impegnati in un tipo di SFT: Total Return Swap.

## Algebris Financial Credit Fund
Algebris Financial Credit Fund non si è impegnata in alcun tipo di SFT per il periodo chiuso al 30 giugno 2022.

## Algebris Financial Income Fund
L’importo di titoli e merci in prestito come proporzione degli attivi totali prestabili (escluse le disponibilità liquide e i mezzi equivalenti) era pari allo 0% al 30 giugno 2022.

## Dati globali
|  | Importo assoluto EUR | % Attivo netto |
| --- | --- | --- |
| Total Return Swap | 	2.164.907	 | 0,48% |
| Totale | 	2.164.907	 | 0,48% |

Dati sulla concentrazione
La tabella a seguire riflette le controparti per tutti i Total Return Swap al 30 giugno 2022:
| Controparte | Swap EUR |
| --- | --- |
| BNP Paribas SA | 	2.164.907 |
| Totale | 	2.164.907 |


## Operazioni di finanziamento tramite titoli (segue) Algebris Financial Income Fund (segue)
Dati complessivi delle transazioni
| Controparte | Tipo di SFT | Scadenza garanzia (SFT/Total Return Swap) | Valore di Mercato (EUR) | MTM (EUR) | Paese di costituzione della controparte (non collaterale) | Regolamento e compensazione |
| --- | --- | --- | --- | --- | --- | --- |
| BNP Paribas SA | Total Return Swap | Oltre un anno |  | 2.164.907 | Regno Unito | Bilaterale |

La Società non segrega il collaterale liquido ricevuto e pertanto non vi è alcuna segregazione dei rendimenti sul reinvestimento di collaterale liquido per il periodo chiuso al 30 giugno 2022.
La Società non ha conti di custodia in essere specificamente destinati alla custodia del collaterale ricevuto.

## Custodia
| Depositaria | Collaterale in custodia |
| --- | --- |
|  | EUR |
| BNP Paribas SA | 	12.677.694 |
| Totale | 	12.677.694 |

L’incidenza del collaterale sui conti collettivi è pari al 100%.

## Dati su costi e rendimenti degli swap
La tabella a seguire illustra il costo e il rendimento degli swap ripartito tra Comparto, Gestore degli investimenti e terzi per il periodo chiuso al 30 giugno 2022. I rendimenti indicati sono distinti dalle transazioni di finanziamento e pertanto non includono i rendimenti sugli investimenti nelle posizioni collaterali sottostanti:
|  | Fondo | Gestore | Terzi |
| --- | --- | --- | --- |
|  | EUR | EUR | EUR |
| Total Return Swap | 	82.273	 |  |  |
| Totale | 	82.273	 |  |  |


## Operazioni di finanziamento tramite titoli (segue) Algebris Financial Equity Fund
L’importo di titoli e merci in prestito come proporzione degli attivi totali prestabili (escluse le disponibilità liquide e i
mezzi equivalenti) era pari allo 0% al 30 giugno 2022.

## Dati globali
|  | Importo assoluto EUR | % Attivo netto |
| --- | --- | --- |
| Total Return Swap | 	1.347.014	 | 0,82% |
| Totale | 	1.347.014	 | 0,82% |

Dati sulla concentrazione
La tabella a seguire riflette le controparti per tutti i Total Return Swap al 30 giugno 2022:
| Controparte | Swap EUR |
| --- | --- |
| BNP Paribas SA | 	1.347.014 |
| Totale | 1.347.014 |


## Dati complessivi delle transazioni
| Controparte | Tipo di SFT | Scadenza garanzia (SFT/Total Return Swap) | Valore di Mercato (EUR) | MTM (EUR) | Paese di costituzione della controparte (non collaterale) | Regolamento e compensazion e |
| --- | --- | --- | --- | --- | --- | --- |
| BNP Paribas SA | Total Return Swap | Oltre un anno |  | 1.347.014 | Regno Unito | Bilaterale |

La Società non segrega il collaterale liquido ricevuto e pertanto non vi è alcuna segregazione dei rendimenti sul reinvestimento di collaterale liquido per il periodo chiuso al 30 giugno 2022.
La Società non ha conti di custodia in essere specificamente destinati alla custodia del collaterale ricevuto.

## Custodia
| Depositaria | Collaterale in custodia |
| --- | --- |
|  | EUR |
| BNP Paribas SA | 	3.614.052 |
| Totale | 	3.614.052 |

L’incidenza del collaterale sui conti collettivi è pari al 100%.

## Operazioni di finanziamento tramite titoli (segue) Algebris Financial Equity Fund (segue)
Dati su costi e rendimenti degli swap
La tabella a seguire illustra il costo e il rendimento degli swap ripartito tra Comparto, Gestore degli investimenti e terzi per il periodo chiuso al 30 giugno 2022. I rendimenti indicati sono distinti dalle transazioni di finanziamento e pertanto non includono i rendimenti sugli investimenti nelle posizioni collaterali sottostanti:
|  | Fondo | Gestore | Terzi |
| --- | --- | --- | --- |
|  | EUR | EUR | EUR |
| Total Return Swap | 	55.483	 |  |  |
| Totale | 	55.483	 |  |  |


## Algebris Global Credit Opportunities Fund
L’importo di titoli e merci in prestito come proporzione degli attivi totali prestabili (escluse le disponibilità liquide e i mezzi equivalenti) era pari allo 0% al 30 giugno 2022.

## Dati globali
|  | Importo assoluto EUR | % Attivo netto |
| --- | --- | --- |
| Total Return Swap | 	7.429.391	 | 1,4091% |
| Totale | 	7.429.391	 | 1,4091% |

La tabella a seguire riflette le controparti per tutti i Total Return Swap e i Contratti con patto di riacquisto al 30 giugno 2022:
| Controparte | Swap EUR |
| --- | --- |
| BNP Paribas S.A. | 4.953.776 |
| JP Morgan Securities Plc | 343.665 |
| Goldman Sachs International | 	2.131.950 |
| Totale | 	7.429.391 |


## Operazioni di finanziamento tramite titoli (segue) Algebris Global Credit Opportunities Fund (segue) Dati complessivi delle transazioni
| Controparte | Tipo di SFT | Scadenza garanzia (SFT/Total Return Swap) | Valore di Mercato (EUR) | MTM (EUR) | Paese di costituzione della controparte (non collaterale) | Regolamento e compensazio ne |
| --- | --- | --- | --- | --- | --- | --- |
| BNP Paribas SA | Total Return Swap | Oltre un anno |  | 25.708 | Regno Unito | Bilaterale |
| BNP Paribas S.A. | Total Return Swap | Da tre mesi a un anno |  | 4.928.068 | Regno Unito | Bilaterale |
| JP Morgan Securities Plc | Total Return Swap | Da tre mesi a un anno |  | 343.665 | Regno Unito | Bilaterale |
| Goldman Sachs International | Total Return Swap | Da un mese a tre mesi |  | 2.131.950 | Regno Unito | Bilaterale |

La Società non segrega il collaterale liquido ricevuto e pertanto non vi è alcuna segregazione dei rendimenti sul reinvestimento di collaterale liquido per il periodo chiuso al 30 giugno 2022.
La Società non ha conti di custodia in essere specificamente destinati alla custodia del collaterale ricevuto.

## Custodia
| Depositaria | Collaterale in custodia |
| --- | --- |
|  | EUR |
| BNP Paribas S.A. | 5.279.178 |
| Goldman Sachs International | 2.083.680 |
| JP Morgan Securities Plc | 118.861 |
| Totale | 7.481.719 |

L’incidenza del collaterale sui conti collettivi è pari al 100%.

## Dati su costi e rendimenti degli swap e dei contratti con patto di riacquisto
La tabella a seguire illustra il costo e il rendimento degli swap ripartito tra Comparto, Gestore degli investimenti e terzi per il periodo chiuso al 30 giugno 2022. I rendimenti indicati sono distinti dalle transazioni di finanziamento e pertanto non includono i rendimenti sugli investimenti nelle posizioni collaterali sottostanti:
|  | Fondo | Gestore | Terzi |
| --- | --- | --- | --- |
|  | EUR | EUR | EUR |
| Total Return Swap | 	7.928	 |  |  |
| Totale | 	7.928	 |  |  |


## Operazioni di finanziamento tramite titoli (segue) Algebris IG Financial Credit Fund
Algebris IG Financial Credit Fund non si è impegnata in alcun tipo di SFT per il periodo chiuso al 30 giugno 2022.

## Algebris Core Italy Fund
Algebris Core Italy Fund non si è impegnata in alcun tipo di SFT per il periodo chiuso al 30 giugno 2022.