# Off-balance-sheet transactions
### Derivative financial instruments that are outstanding at the end of the report period, if any, are listed in the asset inven- tory.

### Securities lent on the closing date (Securities Lending), if any, are listed in the asset inventory.

### During the year under review, commissions amounting to EUR 24.19 were received for securities lending.
Statement of income
|  | 01.01.2020 - 30.06.2020 | 01.01.2019 - 28.06.2019 |
| --- | --- | --- |
|  | EUR | EUR |
| Income |  |  |
| Bonds, convertible bonds, warrants | 162'506.78 | 169'372.48 |
| Income from bank deposits | -612.11 | 25.93 |
| Securities Lending | 24.19 | 37.63 |
| Other income | 0.00 | 0.00 |
| Purchase of current income on issue of units | 24'776.42 | 6'980.92 |
| Total income | 186'695.28 | 176'416.96 |
| Expenses |  |  |
| Contractual remuneration of management company | 42'909.82 | 42'347.39 |
| Contractual remuneration of depositary | 7'043.03 | 7'343.10 |
| Auditing expenses | 4'643.20 | 4'057.52 |
| Interest payable | 242.47 | 23.81 |
| Other expenses | 22'287.42 | 9'939.14 |
| Payments of current income on redemption of units | 6'248.20 | 1'409.53 |
| Total expenses | 83'374.14 | 65'120.49 |
| Net income | 103'321.14 | 111'296.47 |
| Realized capital gains and capital losses | 17'094.54 | -57'781.82 |
| Realized proceeds | 120'415.68 | 53'514.65 |
| Unrealized capital gains and capital losses | -471'330.08 | 456'634.58 |
| Total proceeds | -350'914.40 | 510'149.23 |

Statement of assets
|  | June 30, 2020 | June 28, 2019 |
| --- | --- | --- |
|  | GBP | GBP |
| Sight deposits | 37'605.99 | 26'208.76 |
| Time deposits | 0.00 | 0.00 |
| Securities and other assets | 2'433'413.00 | 3'113'683.50 |
| Derivate financial instruments | 0.00 | 0.00 |
| Other assets | 46'064.12 | 48'929.49 |
| Total fund assets | 2'517'083.11 | 3'188'821.75 |
| Liabilities | -25'639.96 | -13'849.96 |
| Net fund assets | 2'491'443.15 | 3'174'971.79 |

Translation (ENDE, 2020-06-30):
# Ausserbilanzgeschäfte
### Allfällige, am Ende der Berichtsperiode offene derivative Fi- nanzinstrumente sind aus dem Vermögensinventar ersicht- lich.

### Allfällige, am Bilanzstichtag ausgeliehene Wertpapiere (Securities Lending) sind aus dem Vermögensinventar ersicht- lich.
Erfolgsrechnung
|  | 01.01.2020 - 30.06.2020 | 01.01.2019 - 28.06.2019 |
| --- | --- | --- |
|  | EUR | EUR |
| Ertrag |  |  |
| Obligationen, Wandelobligationen, Optionsanleihen | 959'152.32 | 1'240'324.94 |
| Ertrag Bankguthaben | -3'266.61 | 273.21 |
| Sonstige Erträge | 0.00 | 0.00 |
| Einkauf laufender Erträge (ELE) | 38'806.87 | 72'116.75 |
| Total Ertrag | 994'692.58 | 1'312'714.90 |
| Aufwand |  |  |
| Reglementarische Vergütung an die Verwaltung | 277'734.63 | 311'279.50 |
| Reglementarische Vergütung an die Verwahrstelle | 47'502.54 | 53'674.38 |
| Revisionsaufwand | 4'641.30 | 4'057.04 |
| Passivzinsen | 1'558.27 | 1'231.66 |
| Sonstige Aufwendungen | 24'811.09 | 8'778.93 |
| Ausrichtung laufender Erträge (ALE) | 63'803.43 | 42'701.77 |
| Total Aufwand | 420'051.26 | 421'723.28 |
| Nettoertrag | 574'641.32 | 890'991.62 |
| Realisierte Kapitalgewinne und Kapitalverluste | 604'370.69 | 407'219.20 |
| Realisierter Erfolg | 1'179'012.01 | 1'298'210.82 |
| Nicht realisierte Kapitalgewinne und Kapitalverluste | -1'837'781.12 | 3'015'447.26 |
| Gesamterfolg | -658'769.11 | 4'313'658.08 |

Vermögensrechnung
|  | 30. Juni 2020 | 28. Juni 2019 |
| --- | --- | --- |
|  | EUR | EUR |
| Bankguthaben auf Sicht | 277'084.71 | 611'578.67 |
| Bankguthaben auf Zeit | 0.00 | 0.00 |
| Wertpapiere und andere Anlagewerte | 19'885'176.07 | 17'230'781.56 |
| Derivate Finanzinstrumente | 126'847.79 | 97'474.14 |
| Sonstige Vermögenswerte | 175'215.70 | 149'316.72 |
| Gesamtfondsvermögen | 20'464'324.27 | 18'089'151.09 |
| Bankverbindlichkeiten | -0.09 | 0.00 |
| Verbindlichkeiten | -41'074.43 | -45'781.69 |
| Nettofondsvermögen | 20'423'249.75 | 18'043'369.40 |