OVHaiLLM/Flipper huggingface dataset:
|  | Columbus Global Trend Fund (CHF) | Columbus Global Trend Fund (EUR) |
| --- | --- | --- |
|  | 01.01.2020 - 26.06.2020 | 01.01.2020 - 26.06.2020 |
|  | CHF | EUR |
| Net fund assets at beginning of period | 37'288'394.37 | 10'532'885.68 |
| Balance from unit transactions | -87'536.82 | -233'163.56 |
| Total proceeds | -2'750'097.89 | -908'826.03 |
| Net fund assets at end of period | 34'450'759.66 | 9'390'896.09 |

Translation (ENDE, 2020-06-26):
|  | Columbus Global Trend Fund (CHF) | Columbus Global Trend Fund (EUR) |
| --- | --- | --- |
|  | 01.01.2020 - 26.06.2020 | 01.01.2020 - 26.06.2020 |
|  | CHF | EUR |
| Nettofondsvermögen zu Beginn der Periode | 37'288'394.37 | 10'532'885.68 |
| Saldo aus dem Anteilsverkehr | -87'536.82 | -233'163.56 |
| Gesamterfolg | -2'750'097.89 | -908'826.03 |
| Nettofondsvermögen am Ende der Berichtsperiode | 34'450'759.66 | 9'390'896.09 |
| CCY | Portfolio designation | Purchase  1) | Sale  1) | Inventory as | Price | Market value | % of |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | of 26.06.2020 |  | in CHF | NAV |
| INSTRUMENTS AND OTHER ASSETS |
| LISTED INSTRUMENTS |
| Equities |
| Germany |
| EUR | Deutsche Telekom | 0 | 0 | 32'000 | 14.56 | 495'278 | 1.44% |
| EUR | PSI AG | 0 | 0 | 39'000 | 20.40 | 846'022 | 2.46% |
|  |  |  |  |  |  | 1'341'300 | 3.89% |
| France |
| EUR | Essilor Luxott | 0 | 0 | 10'000 | 115.20 | 1'225'009 | 3.56% |
|  |  |  |  |  |  | 1'225'009 | 3.56% |
| Hong Kong |
| HKD | China Mobile Hong Kong Ltd. | 0 | 0 | 65'000 | 53.40 | 424'702 | 1.23% |
|  |  |  |  |  |  | 424'702 | 1.23% |
| Italy |  |  |  |  |  |  |  |
| EUR | Ente Nazionale Idrocarburi SPA | 0 | 0 | 80'000 | 8.40 | 714'334 | 2.07% |
|  |  |  |  |  |  | 714'334 | 2.07% |
| Japan |
| JPY | Hamamatsu Photonics | 0 | 0 | 26'000 | 4'825.00 | 1'109'813 | 3.22% |
| JPY | Nidec Corp | 9'800 | 0 | 19'600 | 7'033.00 | 1'219'484 | 3.54% |
| JPY | Sony Corp | 0 | 2'000 | 25'000 | 7'519.00 | 1'662'951 | 4.83% |
|  |  |  |  |  |  | 3'992'248 | 11.59% |

Translation (ENDE, 2020-06-26):
| WHG | Portfolio Bezeichnung | Käufe  1) | Verkäufe  1) | Bestand per | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 26.06.2020 |  | in CHF | NIW |
| WERTPAPIERE UND ANDERE ANLAGEWERTE |
| BÖRSENNOTIERTE ANLAGEWERTE |
| Aktien |
| Deutschland |
| EUR | Deutsche Telekom | 0 | 0 | 32'000 | 14.56 | 495'278 | 1.44% |
| EUR | PSI AG | 0 | 0 | 39'000 | 20.40 | 846'022 | 2.46% |
|  |  |  |  |  |  | 1'341'300 | 3.89% |
| Frankreich |
| EUR | Essilor Luxott | 0 | 0 | 10'000 | 115.20 | 1'225'009 | 3.56% |
|  |  |  |  |  |  | 1'225'009 | 3.56% |
| Hongkong |
| HKD | China Mobile Hong Kong Ltd. | 0 | 0 | 65'000 | 53.40 | 424'702 | 1.23% |
|  |  |  |  |  |  | 424'702 | 1.23% |
| Italien |  |  |  |  |  |  |  |
| EUR | Ente Nazionale Idrocarburi SPA | 0 | 0 | 80'000 | 8.40 | 714'334 | 2.07% |
|  |  |  |  |  |  | 714'334 | 2.07% |
| Japan |
| JPY | Hamamatsu Photonics | 0 | 0 | 26'000 | 4'825.00 | 1'109'813 | 3.22% |
| JPY | Nidec Corp | 9'800 | 0 | 19'600 | 7'033.00 | 1'219'484 | 3.54% |
| JPY | Sony Corp | 0 | 2'000 | 25'000 | 7'519.00 | 1'662'951 | 4.83% |
|  |  |  |  |  |  | 3'992'248 | 11.59% |
| CCY | Portfolio designation | Purchase  1) | Sale  1) | Inventory as | Price | Market value | % of |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | of 26.06.2020 |  | in CHF | NAV |
| Cayman Islands |
| USD | Alibaba Group | 0 | 0 | 3'300 | 215.71 | 675'041 | 1.96% |
| USD | JD.com | 0 | 0 | 26'300 | 59.65 | 1'487'688 | 4.32% |
|  |  |  |  |  |  | 2'162'729 | 6.28% |
| Korea, Republic |
| EUR | Samsung Electronics GDR | 0 | 100 | 2'000 | 820.00 | 1'743'937 | 5.06% |
|  |  |  |  |  |  | 1'743'937 | 5.06% |
| Netherlands |
| EUR | Airbus | 0 | 0 | 11'500 | 61.88 | 756'720 | 2.20% |
|  |  |  |  |  |  | 756'720 | 2.20% |
| Switzerland |
| CHF | CIE Financier Richemont | 0 | 0 | 16'000 | 60.08 | 961'280 | 2.79% |
| CHF | Emmi AG | 0 | 0 | 2'500 | 829.00 | 2'072'500 | 6.02% |
| CHF | Givaudan | 0 | 200 | 900 | 3'439.00 | 3'095'100 | 8.98% |
| CHF | Lindt & Sprüngli AG Namens-Akt. | 0 | 0 | 30 | 79'700.00 | 2'391'000 | 6.94% |
| CHF | Nestle SA | 0 | 0 | 17'000 | 105.04 | 1'785'680 | 5.18% |
| CHF | Novartis AG | 0 | 0 | 15'000 | 83.17 | 1'247'550 | 3.62% |
| CHF | Roche Holding AG | 0 | 0 | 4'600 | 333.50 | 1'534'100 | 4.45% |
| CHF | Swatch Group | 0 | 0 | 2'700 | 186.00 | 502'200 | 1.46% |
| CHF | Swiss Life Holding | 850 | 0 | 3'500 | 345.60 | 1'209'600 | 3.51% |
|  |  |  |  |  |  | 14'799'010 | 42.96% |

Translation (ENDE, 2020-06-26):
| WHG | Portfolio Bezeichnung | Käufe  1) | Verkäufe  1) | Bestand per | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 26.06.2020 |  | in CHF | NIW |
| Kaimaninseln |
| USD | Alibaba Group | 0 | 0 | 3'300 | 215.71 | 675'041 | 1.96% |
| USD | JD.com | 0 | 0 | 26'300 | 59.65 | 1'487'688 | 4.32% |
|  |  |  |  |  |  | 2'162'729 | 6.28% |
| Korea, Republik |
| EUR | Samsung Electronics GDR | 0 | 100 | 2'000 | 820.00 | 1'743'937 | 5.06% |
|  |  |  |  |  |  | 1'743'937 | 5.06% |
| Niederlande |
| EUR | Airbus | 0 | 0 | 11'500 | 61.88 | 756'720 | 2.20% |
|  |  |  |  |  |  | 756'720 | 2.20% |
| Schweiz |
| CHF | CIE Financier Richemont | 0 | 0 | 16'000 | 60.08 | 961'280 | 2.79% |
| CHF | Emmi AG | 0 | 0 | 2'500 | 829.00 | 2'072'500 | 6.02% |
| CHF | Givaudan | 0 | 200 | 900 | 3'439.00 | 3'095'100 | 8.98% |
| CHF | Lindt & Sprüngli AG Namens-Akt. | 0 | 0 | 30 | 79'700.00 | 2'391'000 | 6.94% |
| CHF | Nestle SA | 0 | 0 | 17'000 | 105.04 | 1'785'680 | 5.18% |
| CHF | Novartis AG | 0 | 0 | 15'000 | 83.17 | 1'247'550 | 3.62% |
| CHF | Roche Holding AG | 0 | 0 | 4'600 | 333.50 | 1'534'100 | 4.45% |
| CHF | Swatch Group | 0 | 0 | 2'700 | 186.00 | 502'200 | 1.46% |
| CHF | Swiss Life Holding | 850 | 0 | 3'500 | 345.60 | 1'209'600 | 3.51% |
|  |  |  |  |  |  | 14'799'010 | 42.96% |
| CCY | Portfolio designation | Purchase  1) | Sale  1) | Inventory as | Price | Market value | % of |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | of 26.06.2020 |  | in CHF | NAV |
| Spain |  |  |  |  |  |  |  |
| EUR | Amadeus IT Hold -A- | 0 | 0 | 22'500 | 46.61 | 1'115'189 | 3.24% |
|  |  | 1'115'189 | 3.24% |
| TOTAL LISTED INSTRUMENTS |  | 28'275'179 | 82.07% |
| TOTAL INSTRUMENTS AND OTHER ASSETS |  | 28'275'179 | 82.07% |
| CHF | Current account balances |  | 4'764'989 | 13.83% |
| CHF | Fiduciary call money |  | 1'593'144 | 4.62% |
| CHF | Other assets |  | 380 | 0.00% |
| TOTAL FUND ASSETS |  | 34'633'692 | 100.53% |
| CHF | Liabilities |  | -182'932 | -0.53% |
| NET FUND ASSETS |  | 34'450'760 | 100.00% |
| Due to rounding in the calculation slight rounding differences may have arisen. |  |  |  |
| Footnotes: |  |  |  |
| 1) Incl. Split, free shares and allotments from rights |  |  |  |
| 2) Fully or partially lent securities |  |  |  |

Translation (ENDE, 2020-06-26):
| WHG | Portfolio Bezeichnung | Käufe  1) | Verkäufe  1) | Bestand per | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 26.06.2020 |  | in CHF | NIW |
| Spanien |
| EUR | Amadeus IT Hold -A- | 0 | 0 | 22'500 | 46.61 | 1'115'189 | 3.24% |
|  |  | 1'115'189 | 3.24% |
| TOTAL BÖRSENNOTIERTE ANLAGEWERTE |  | 28'275'179 | 82.07% |
| TOTAL WERTPAPIERE UND ANDERE ANLAGEWERTE |  | 28'275'179 | 82.07% |
| CHF | Kontokorrentguthaben |  | 4'764'989 | 13.83% |
| CHF | Treuhand-Callgeld |  | 1'593'144 | 4.62% |
| CHF | Sonstige Vermögenswerte |  | 380 | 0.00% |
| GESAMTFONDSVERMÖGEN |  | 34'633'692 | 100.53% |
| CHF | Forderungen und Verbindlichkeiten |  | -182'932 | -0.53% |
| NETTOFONDSVERMÖGEN |  | 34'450'760 | 100.00% |
| Durch Rundung bei der Berechnung können geringfügige Rundungsdifferenzen entstanden sein. |  |  |  |
| Fussnoten: |  |  |  |
| 1) Inkl. Split, Gratisaktien und Zuteilung aus Anrechten |  |  |  |
| 2) Vollständig oder teilweise ausgeliehene Wertpapiere (Securities Lending) |  |  |  |
| CCY | Portfolio designation | Purchase  1) | Sale  1) | Inventory as | Price | Market value | % of |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | of 26.06.2020 |  | in EUR | NAV |
| INSTRUMENTS AND OTHER ASSETS |
| LISTED INSTRUMENTS |
| Equities |
| Belgium |
| EUR | Anheuser-Busch | 0 | 0 | 6'000 | 43.34 | 260'040 | 2.77% |
|  |  |  |  |  |  | 260'040 | 2.77% |
| Germany |
| EUR | Deutsche Telekom | 0 | 0 | 10'000 | 14.56 | 145'550 | 1.55% |
| EUR | Evotec | 0 | 0 | 7'000 | 24.20 | 169'400 | 1.80% |
| EUR | Fresenius Medical Care AG | 0 | 0 | 4'000 | 76.48 | 305'920 | 3.26% |
| EUR | PSI AG | 0 | 0 | 12'000 | 20.40 | 244'800 | 2.61% |
|  |  |  |  |  |  | 865'670 | 9.22% |
| France |
| EUR | ATOS | 0 | 0 | 2'000 | 75.58 | 151'160 | 1.61% |
| EUR | AXA | 0 | 0 | 15'000 | 18.53 | 277'890 | 2.96% |
| EUR | Elis | 0 | 0 | 9'000 | 10.68 | 96'120 | 1.02% |
| EUR | Essilor Luxott | 0 | 0 | 3'100 | 115.20 | 357'120 | 3.80% |
| EUR | Groupe Danone | 0 | 0 | 5'000 | 63.44 | 317'200 | 3.38% |
| EUR | LVMH Moet Hennessy Louis Vuitton SE | 0 | 0 | 1'300 | 387.70 | 504'010 | 5.37% |
| EUR | L'Oreal SA | 0 | 0 | 2'000 | 285.10 | 570'200 | 6.07% |
|  |  |  |  |  |  | 2'273'700 | 24.21% |
| Hong Kong |
| HKD | China Mobile Hong Kong Ltd. | 0 | 0 | 20'000 | 53.40 | 122'889 | 1.31% |
|  |  |  |  |  |  | 122'889 | 1.31% |

Translation (ENDE, 2020-06-26):
| WHG | Portfolio Bezeichnung | Käufe  1) | Verkäufe  1) | Bestand per | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 26.06.2020 |  | in EUR | NIW |
| WERTPAPIERE UND ANDERE ANLAGEWERTE |
| BÖRSENNOTIERTE ANLAGEWERTE |
| Aktien |
| Belgien |
| EUR | Anheuser-Busch | 0 | 0 | 6'000 | 43.34 | 260'040 | 2.77% |
|  |  |  |  |  |  | 260'040 | 2.77% |
| Deutschland |
| EUR | Deutsche Telekom | 0 | 0 | 10'000 | 14.56 | 145'550 | 1.55% |
| EUR | Evotec | 0 | 0 | 7'000 | 24.20 | 169'400 | 1.80% |
| EUR | Fresenius Medical Care AG | 0 | 0 | 4'000 | 76.48 | 305'920 | 3.26% |
| EUR | PSI AG | 0 | 0 | 12'000 | 20.40 | 244'800 | 2.61% |
|  |  |  |  |  |  | 865'670 | 9.22% |
| Frankreich |
| EUR | ATOS | 0 | 0 | 2'000 | 75.58 | 151'160 | 1.61% |
| EUR | AXA | 0 | 0 | 15'000 | 18.53 | 277'890 | 2.96% |
| EUR | Elis | 0 | 0 | 9'000 | 10.68 | 96'120 | 1.02% |
| EUR | Essilor Luxott | 0 | 0 | 3'100 | 115.20 | 357'120 | 3.80% |
| EUR | Groupe Danone | 0 | 0 | 5'000 | 63.44 | 317'200 | 3.38% |
| EUR | LVMH Moet Hennessy Louis Vuitton SE | 0 | 0 | 1'300 | 387.70 | 504'010 | 5.37% |
| EUR | L'Oreal SA | 0 | 0 | 2'000 | 285.10 | 570'200 | 6.07% |
|  |  |  |  |  |  | 2'273'700 | 24.21% |
| Hongkong |
| HKD | China Mobile Hong Kong Ltd. | 0 | 0 | 20'000 | 53.40 | 122'889 | 1.31% |
|  |  |  |  |  |  | 122'889 | 1.31% |
| CCY | Portfolio designation | Purchase  1) | Sale  1) | Inventory as | Price | Market value | % of |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | of 26.06.2020 |  | in EUR | NAV |
| Italy |  |  |  |  |  |  |  |
| EUR | Ente Nazionale Idrocarburi SPA | 0 | 0 | 24'400 | 8.40 | 204'887 | 2.18% |
|  |  |  |  |  |  | 204'887 | 2.18% |
| Japan |
| JPY | Hamamatsu Photonics | 0 | 0 | 8'000 | 4'825.00 | 321'129 | 3.42% |
| JPY | Nidec Corp | 3'000 | 0 | 6'000 | 7'033.00 | 351'062 | 3.74% |
| JPY | Sony Corp | 0 | 1'200 | 7'000 | 7'519.00 | 437'875 | 4.66% |
|  |  |  |  |  |  | 1'110'067 | 11.82% |
| Cayman Islands |
| USD | Alibaba Group | 0 | 0 | 1'000 | 215.71 | 192'366 | 2.05% |
| USD | JD.com | 0 | 0 | 8'000 | 59.65 | 425'558 | 4.53% |
|  |  |  |  |  |  | 617'925 | 6.58% |
| Korea, Republic |
| EUR | Samsung Electronics GDR | 0 | 90 | 560 | 820.00 | 459'200 | 4.89% |
|  |  |  |  |  |  | 459'200 | 4.89% |
| Netherlands |
| EUR | Airbus | 0 | 0 | 3'500 | 61.88 | 216'580 | 2.31% |
|  |  |  |  |  |  | 216'580 | 2.31% |

Translation (ENDE, 2020-06-26):
| WHG | Portfolio Bezeichnung | Käufe  1) | Verkäufe  1) | Bestand per | Kurs | Kurswert | % des |
| --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  | 26.06.2020 |  | in EUR | NIW |
| Italien |  |  |  |  |  |  |  |
| EUR | Ente Nazionale Idrocarburi SPA | 0 | 0 | 24'400 | 8.40 | 204'887 | 2.18% |
|  |  |  |  |  |  | 204'887 | 2.18% |
| Japan |
| JPY | Hamamatsu Photonics | 0 | 0 | 8'000 | 4'825.00 | 321'129 | 3.42% |
| JPY | Nidec Corp | 3'000 | 0 | 6'000 | 7'033.00 | 351'062 | 3.74% |
| JPY | Sony Corp | 0 | 1'200 | 7'000 | 7'519.00 | 437'875 | 4.66% |
|  |  |  |  |  |  | 1'110'067 | 11.82% |
| Kaimaninseln |
| USD | Alibaba Group | 0 | 0 | 1'000 | 215.71 | 192'366 | 2.05% |
| USD | JD.com | 0 | 0 | 8'000 | 59.65 | 425'558 | 4.53% |
|  |  |  |  |  |  | 617'925 | 6.58% |
| Korea, Republik |
| EUR | Samsung Electronics GDR | 0 | 90 | 560 | 820.00 | 459'200 | 4.89% |
|  |  |  |  |  |  | 459'200 | 4.89% |
| Niederlande |
| EUR | Airbus | 0 | 0 | 3'500 | 61.88 | 216'580 | 2.31% |
|  |  |  |  |  |  | 216'580 | 2.31% |
#### Columbus Global Trend Fund (EUR)
Since December 31, 2019, the net asset value decreased from EUR 141.59 to EUR 129.61, a loss of 8.46%. As at June 26, 2020, the net assets of the Columbus Global Trend Fund (EUR) amounted to EUR 9.4 million with 72'456 units outstand- ing.
Performance Chart
Top 10
Statement of assets

Translation (ENDE, 2020-06-26):
#### Columbus Global Trend Fund (EUR)
Der Nettoinventarwert pro Anteilschein ist seit dem 31. De- zember 2019 von EUR 141.59 auf EUR 129.61 gesunken und reduzierte sich somit um 8.46%. Am 26. Juni 2020 belief sich das Fondsvermögen auf EUR 9.4 Mio. und es befanden sich 72'456 Anteile im Umlauf.
Performance Chart
Top 10
Vermögensrechnung
# Administration and organs
Management Company	IFM Independent Fund Management AG Landstrasse 30

#### FL-9494 Schaan
Board of Directors	Heimo Quaderer

#### HRH Archduke Simeon of Habsburg Hugo Quaderer
Management	Luis Ott

#### Alexander Wymann Michael Oehry Ramon Schäfer
Domicile and Administration	IFM Independent Fund Management AG Landstrasse 30

#### FL-9494 Schaan
Asset Manager, Distributor	Osiris Asset Management AG
and Promoter	Austrasse 52

#### FL-9490 Vaduz
Depositary	Liechtensteinische Landesbank AG Städtle 44

#### FL-9490 Vaduz
Auditor	Ernst & Young AG

#### Schanzenstrasse 4a CH-3008 Bern

Translation (ENDE, 2023-06-30):
# Verwaltung und Organe
Verwaltungsgesellschaft	IFM Independent Fund Management AG Landstrasse 30
FL-9494 Schaan
Verwaltungsrat	Heimo Quaderer
S.K.K.H. Erzherzog Simeon von Habsburg Hugo Quaderer
Geschäftsleitung	Luis Ott
Alexander Wymann Michael Oehry Ramon Schäfer
Domizil und Administration	IFM Independent Fund Management AG Landstrasse 30
FL-9494 Schaan
Asset Manager, Vertriebsstelle	Osiris Asset Management AG
und Promoter	Austrasse 52
FL-9490 Vaduz
Verwahrstelle	Liechtensteinische Landesbank AG Städtle 44
FL-9490 Vaduz
Wirtschaftsprüfer	Ernst & Young AG Schanzenstrasse 4a CH-3008 Bern
# Statement of assets
|  | 30 June 2023 | 30 June 2022 |
| --- | --- | --- |
|  | USD | USD |
| Bank deposits at sight | 1'056'010.18 | 446'090.60 |
| Time bank deposits | 0.00 | 0.00 |
| Securities and other investment assets | 52'281'538.40 | 40'545'755.18 |
| Derivatives Financial instruments | 347'931.53 | 965'982.65 |
| Other assets | 15'185.54 | 0.00 |
| Total fund assets | 53'700'665.65 | 41'957'828.43 |
| Bank liabilities | -160'040.58 | -709'441.44 |
| Liabilities | -303'110.61 | -267'406.01 |
| Net fund assets | 53'237'514.46 | 40'980'980.98 |

Translation (ENDE, 2023-06-30):
# Vermögensrechnung
|  | 30. Juni 2023 | 30. Juni 2022 |
| --- | --- | --- |
|  | USD | USD |
| Bankguthaben auf Sicht | 1’056’010.18 | 446’090.60 |
| Bankguthaben auf Zeit | 0.00 | 0.00 |
| Wertpapiere und andere Anlagewerte | 52’281’538.40 | 40’545’755.18 |
| Derivate Finanzinstrumente | 347’931.53 | 965’982.65 |
| Sonstige Vermögenswerte | 15’185.54 | 0.00 |
| Gesamtfondsvermögen | 53’700’665.65 | 41’957’828.43 |
| Bankverbindlichkeiten | -160’040.58 | -709’441.44 |
| Verbindlichkeiten | -303’110.61 | -267’406.01 |
| Nettofondsvermögen | 53’237’514.46 | 40’980’980.98 |
# Administration and organs
Investment Company	HOW Invest SICAV Landstrasse 30
FL-9494 Schaan
Board of Directors and	IFM Independent Fund Management AG
Management Company	Landstrasse 30 FL-9494 Schaan
Board of Directors of	Heimo Quaderer
Management Company	S.K.K.H. Archduke Simeon of Habsburg Hugo Quaderer
Management of the	Luis Ott
Management Company	Alexander Wymann Michael Oehry Ramon Schäfer
Administration and Distributor	IFM Independent Fund Management AG Landstrasse 30
FL-9494 Schaan
Asset Manager	Sub-fund 1:	HOW Long Hedged Fund
Sub-fund 2:	HOW Global Leaders Fund
House of Wealth SA Piazza Colombaro 6 CH-6952 Canobbio
Depositary	LGT Bank AG
Herrengasse 12 FL-9490 Vaduz
Auditor	Ernst & Young AG
Schanzenstrasse 4a CH-3008 Bern

Translation (ENDE, 2023-06-30):
# Verwaltung und Organe
Investmentgesellschaft	HOW Invest SICAV Landstrasse 30
FL-9494 Schaan
Verwaltungsrat und	IFM Independent Fund Management AG
Verwaltungsgesellschaft	Landstrasse 30 FL-9494 Schaan
Verwaltungsrat der	Heimo Quaderer
Verwaltungsgesellschaft	S.K.K.H. Erzherzog Simeon von Habsburg Hugo Quaderer
Geschäftsleitung der	Luis Ott
Verwaltungsgesellschaft	Alexander Wymann Michael Oehry Ramon Schäfer
Administration und Vertriebsstelle	IFM Independent Fund Management AG
Landstrasse 30 FL-9494 Schaan
Asset Manager	Teilfonds 1: HOW Long Hedged Fund
Teilfonds 2: HOW Global Leaders Fund
House of Wealth SA Piazza Colombaro 6 CH-6952 Canobbio
Verwahrstelle	LGT Bank AG
Herrengasse 12 FL-9490 Vaduz
Wirtschaftsprüfer	Ernst & Young AG Schanzenstrasse 4a CH-3008 Bern
#### The issue and redemption prices or the net asset value with the note "excluding commissions" are published daily on the electronic platform www.fundinfo.com.
- 
#### Payment of retrocessions and rebates
	- RetrocessionsThe Management Company and its delegates may pay retrocessions where permitted by law and applicable regulations. Retrocessions are payments made by the Investment Manager and its delegates out of the invest- ment management fee to eligible third parties for the provision of distribution services of Fund units in Switzer- land. These payments are used by the Investment Ma- nager to remunerate the relevant third parties for any services provided directly or indirectly for the purpose of an investor's acquisition of Shares in the Sub-Funds, such as, but not limited to:

Translation (ENDE, 2023-06-30):
#### Die Ausgabe- und Rücknahmepreise bzw. der Inventar- wert mit dem Hinweis „exklusive Kommissionen“ werden täglich auf der elektronischen Plattform www.fund-info.com publiziert.
- 
#### Zahlung von Retrozessionen und Rabatten
	- RetrozessionenDie Verwaltungsgesellschaft und deren Beauftragte können sofern nach dem Gesetz und den geltenden Verordnungen zulässig Retrozessionen zahlen. Bei Retro- zessionen handelt es sich um Zahlungen, die der Anla- geverwalter und seine Beauftragten aus der Anlagever- waltungsgebühr an berechtigte Dritte für die Erbringung von Vertriebsdienstleistungen von Fondsanteilen in der Schweiz leisten. Mit diesen Zahlungen vergütet der An- lageverwalter die betreffenden Dritten für alle Dienstleis- tungen, welche direkt oder indirekt den Erwerb von An- teilen der Teilfonds durch einen Anleger bezwecken, wie beispielsweise, aber nicht abschliessend:
CAP Japan Equity Fund
UCITS under Liechtenstein law in the legal form of trust
Non-audited semiannual report
as at 30 June 2023

Translation (ENDE, 2023-06-30):
CAP Japan Equity Fund
OGAW nach liechtensteinischem Recht in der Rechtsform der Treuhänderschaft
Ungeprüfter Halbjahresbericht
per 30. Juni 2023
#### Outlook
It is believed that the robust performance of the index in the first half of the year was primarily driven by short-term inves- tors, while the second half of the year is expected to see an influx of long-term investment money. Large long-term inves- tors, such as pension funds from developed countries, are ex- pected to make a large part of their investments in Japan as part of their Asian allocation. This inflow of long-term invest- ment should support the continued growth of Japanese equities, especially given the country's ongoing domestic recovery.
Considering that foreign investors saw a net inflow of JPY 20 trillion during the "Abenomics fever" (from November 2012 to May 2015), there seems to be significant potential for additi- onal foreign investment in Japan. The stock selection ap- proach used during this period worked well for the CAP Ja- pan Fund and allowed us to outperform the TOPIX index.

Translation (ENDE, 2023-06-30):
#### Ausblick
Es wird vermutet, dass die robuste Performance des Index in der ersten Jahreshälfte in erster Linie von kurzfristig orientier- ten Anlegern getragen wurde, während in der zweiten Jahreshälfte mit dem Zufluss langfristiger Anlagegelder zu rechnen ist. Langfristig orientierte Großanleger, wie z. B. Pensionsfonds aus Industrieländern, werden voraussichtlich einen großen Teil ihrer Anlagen im Rahmen ihrer Asien- Allokation in Japan tätigen. Dieser Zustrom langfristiger Investitionen dürfte das anhaltende Wachstum japanischer Aktien unterstützen, insbesondere angesichts des anhalten- den inländischen Aufschwungs des Landes.
In Anbetracht der Tatsache, dass ausländische Anleger während des "Abenomics-Fiebers" (von November 2012 bis Mai 2015) einen Nettozufluss von 20 Billionen JPY verzeichne- ten, scheint es ein erhebliches Potenzial für zusätzliche aus- ländische Investitionen in Japan zu geben. Der in diesem Zeitraum angewandte Ansatz der Aktienauswahl hat sich für den CAP Japan Fund bewährt und ermöglichte es uns, den TOPIX-Index zu übertreffen.
#### The UCITS is authorised in Italy for distribution to qualified in- vestors only.
IFM Independent Fund Management AG
Landstrasse 30	Postfach 355	9494 Schaan	Fürstentum Liechtenstein	T +423 235 04 50	F +423 235 04 51 info6ifm. li	www.ifm.li	HR FL-0001.532.594-8

Translation (ENDE, 2023-06-30):
#### Der OGAW ist in Italien ausschliesslich zum Vertrieb an quali- fizierte Anleger zugelassen.
IFM Independent Fund Management AG
Landstrasse 30	Postfach 355	9494 Schaan	Fürstentum Liechtenstein	T +423 235 04 50	F +423 235 04 51 infoöifm. li	www.ifm.li	HR FL-0001.532.594-8
| Transactions |
| --- |
| Instruments that no longer appear in the statement of assets |
| CCY | Portfolio designation | Purchase | Sale |
| LISTED INSTRUMENTS |
| Convertible bond |
| JPY | 0.000% ANA Holdings 16.09.2022 | 0 | 130'000'000 |
| JPY | 0.000% Sony Corp 30.09.2022 | 0 | 70'000'000 |
| INSTRUMENTS TRADED AT ANOTHER MARKET ACCESSIBLE TO THE PUBLIC |
| Convertible bond |
| JPY | 0.000% Mitsumi Electric 03.08.2022 | 0 | 60'000'000 |

Translation (ENDE, 2020-06-24):
| Umsatzliste |
| --- |
| Geschäfte, die nicht mehr im Vermögensinventar erscheinen: |
| WHG | Portfolio Bezeichnung | Käufe | Verkäufe |
| BÖRSENNOTIERTE ANLAGEWERTE |
| Wandelanleihe |
| JPY | 0.000% ANA Holdings 16.09.2022 | 0 | 130'000'000 |
| JPY | 0.000% Sony Corp 30.09.2022 | 0 | 70'000'000 |
| AN EINEM ANDEREN, DEM PUBLIKUM OFFENSTEHENDEN MARKT GEHANDELTE ANLAGEWERTE |
| Wandelanleihe |
| JPY | 0.000% Mitsumi Electric 03.08.2022 | 0 | 60'000'000 |