# from 1 April 2021 to the 30 September 2021
|  |  |  |
| --- | --- | --- |
|  | Notes | Combined (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 731,675.00 |
| Interest on bonds, net of taxes | 1g | 154,123.80 |
| Interest on cash accounts |  | 75.38 |
| Tax claim |  | 1,690.70 |
| Other income |  | 296.16 |
| Total Income |  | 887,861.04 |
| Expenses |  |  |
| Performance fee | 5 | 72,424.39 |
| Management Fee | 4 | 895,069.38 |
| Hedging fee |  | 750.76 |
| Depositary fees |  | 126,871.66 |
| Subscription tax | 6 | 55,527.99 |
| Administration fees |  | 194,900.20 |
| Miscellaneous fees |  | 85,389.76 |
| Transaction fees |  | 58,199.30 |
| Overdraft interest |  | 28,380.60 |
| Taxes paid to foreign authorities |  | 1,823.24 |
| Total Expenses |  | 1,519,337.28 |
| Net Profit / (Loss) |  | -631,476.24 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 3,962,154.52 |
| - on currencies |  | 112,243.87 |
| - on forward exchange contracts |  | -469,896.19 |
| - on futures |  | -2,049,757.50 |
| Total Net Realised Profit / (Loss) |  | 923,268.46 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | 3,346,917.02 |
| - on currencies |  | -789.48 |
| - on forward exchange contracts |  | -54,456.07 |
| - on futures |  | 707,572.50 |
| Result of operations |  | 4,922,512.43 |
| - Subscriptions |  | 5,025,398.79 |
| - Redemptions |  | -18,632,419.27 |
| Net changes in Net Assets |  | -8,684,508.05 |
| Net assets at the beginning of the period |  | 180,057,069.28 |
| Net assets at the end of the period |  | 171,382,561.23 |

|  |
| --- |
| Tactical Fund |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 25,807,189.18 |
| Cash at banks |  | 3,115,661.66 |
| Interest receivable on deposit |  | 0.00 |
| Interest receivable on bonds |  | 37,525.70 |
| Dividends receivable on shares |  | 13,511.52 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 593.73 |
| Unrealised gain on forward exchange contracts | 8 | 0.00 |
| Futures guaranty deposit | 7 | 644,862.50 |
| Total Assets |  | 29,619,344.29 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 125,734.75 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 660.44 |
| Interest payable on deposit |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 8 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Total Liabilities |  | 126,395.19 |
| Net assets at the end of the period |  | 29,492,949.10 |
| Number of Shares Outstanding (at the end of the period) |  |  |
| - A |  | 60.114 |
| - B |  | 135,893.056 |
| Net Asset Value per Share (at the end of the period) |  |  |
| - A |  | 197.64 |
| - B |  | 216.94 |

|  |
| --- |
| Quintillia Fund |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 2,445,328.01 |
| Cash at banks |  | 1,033,085.58 |
| Interest receivable on deposit |  | 41.32 |
| Interest receivable on bonds |  | 10,994.04 |
| Dividends receivable on shares |  | 2,582.55 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Unrealised gain on forward exchange contracts | 8 | 0.00 |
| Futures guaranty deposit | 7 | 0.00 |
| Total Assets |  | 3,492,031.50 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 16,486.46 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 60.54 |
| Interest payable on deposit |  | 540.00 |
| Unrealised Loss on Forward Exchange Contracts | 8 | 17.31 |
| Amounts payable to the broker on futures |  | 0.00 |
| Total Liabilities |  | 17,104.31 |
| Net assets at the end of the period |  | 3,474,927.19 |
| Number of Shares Outstanding (at the end of the period) |  |  |
| - A |  | 2,300.000 |
| - B |  | 11,770.000 |
| Net Asset Value per Share (at the end of the period) |  |  |
| - A |  | 999.80 |
| - B |  | 99.86 |

|  |
| --- |
| Logiver Indiciel Dynamique |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 84,677,811.47 |
| Cash at banks |  | 6,815,354.15 |
| Interest receivable on deposit |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 17,649.93 |
| Amounts receivable on investment sold |  | 0.00 |
| Unrealised gain on forward exchange contracts | 8 | 0.00 |
| Futures guaranty deposit | 7 | 607,831.39 |
| Total Assets |  | 92,118,646.94 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 130,435.55 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 3,392.39 |
| Interest payable on deposit |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 8 | 168,259.85 |
| Amounts payable to the broker on futures |  | 70,595.00 |
| Total Liabilities |  | 372,682.79 |
| Net assets at the end of the period |  | 91,745,964.15 |
| Number of Shares Outstanding (at the end of the period) |  |  |
| - Instit 1-0,90 |  | 1,668.350 |
| - Retail 1-0,75 |  | 21,327.789 |
| - Retail 2-0,00 |  | 10,509.227 |
| - Retail 3-1,00 |  | 5,002.836 |
| - Retail 4-0,50 |  | 2,128.804 |
| Net Asset Value per Share (at the end of the period) |  |  |
| - Instit 1-0,90 |  | 12,464.26 |
| - Retail 1-0,75 |  | 1,783.72 |
| - Retail 2-0,00 |  | 1,863.86 |
| - Retail 3-1,00 |  | 1,866.21 |
| - Retail 4-0,50 |  | 1,871.66 |

|  |
| --- |
| PBT - Global Asset Allocation |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 14,277,967.12 |
| Cash at banks |  | 1,774,467.12 |
| Interest receivable on deposit |  | 0.00 |
| Interest receivable on bonds |  | 6,429.25 |
| Dividends receivable on shares |  | 21,366.46 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 161,105.80 |
| Unrealised gain on forward exchange contracts | 8 | 0.00 |
| Futures guaranty deposit | 7 | 0.00 |
| Total Assets |  | 16,241,335.75 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 76,185.88 |
| Overdraft at banks |  | 95,539.02 |
| Overdraft interest |  | 1,112.26 |
| Interest payable on deposit |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 8 | 47,072.56 |
| Amounts payable to the broker on futures |  | 0.00 |
| Total Liabilities |  | 219,909.72 |
| Net assets at the end of the period |  | 16,021,426.03 |
| Number of Shares Outstanding (at the end of the period) |  |  |
| - A CHF |  | 50,875.000 |
| - A EUR |  | 105,792.873 |
| Net Asset Value per Share (at the end of the period) |  |  |
| - A CHF |  | 104.05 |
| - A EUR |  | 105.29 |

|  |
| --- |
| Conviction Shares |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 25,048,179.20 |
| Cash at banks |  | 74,586.40 |
| Interest receivable on deposit |  | 0.00 |
| Interest receivable on bonds |  | 0.00 |
| Dividends receivable on shares |  | 11,530.79 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Unrealised gain on forward exchange contracts | 8 | 0.00 |
| Futures guaranty deposit | 7 | 0.00 |
| Total Assets |  | 25,134,296.39 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 193,938.16 |
| Overdraft at banks |  | 0.00 |
| Overdraft interest |  | 536.59 |
| Interest payable on deposit |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 8 | 339,629.22 |
| Amounts payable to the broker on futures |  | 0.00 |
| Total Liabilities |  | 534,103.97 |
| Net assets at the end of the period |  | 24,600,192.42 |
| Number of Shares Outstanding (at the end of the period) |  |  |
| - A EUR |  | 186,247.000 |
| Net Asset Value per Share (at the end of the period) |  |  |
| - A EUR |  | 132.08 |

|  |
| --- |
| Short Term Crossover Bond |
|  |
|  | Notes | Value (in EUR) |
|  |
| Assets |  |  |
| Investments in securities | 1a | 5,977,612.75 |
| Cash at banks |  | 0.00 |
| Interest receivable on deposit |  | 0.00 |
| Interest receivable on bonds |  | 84,628.82 |
| Dividends receivable on shares |  | 0.00 |
| Amounts receivable on subscriptions |  | 0.00 |
| Amounts receivable on investment sold |  | 0.00 |
| Unrealised gain on forward exchange contracts | 8 | 6,953.79 |
| Futures guaranty deposit | 7 | 0.00 |
| Total Assets |  | 6,069,195.36 |
| Liabilities |  |  |
| Taxes and Expenses payable | 3 | 19,378.55 |
| Overdraft at banks |  | 2,656.76 |
| Overdraft interest |  | 57.71 |
| Interest payable on deposit |  | 0.00 |
| Unrealised Loss on Forward Exchange Contracts | 8 | 0.00 |
| Amounts payable to the broker on futures |  | 0.00 |
| Total Liabilities |  | 22,093.02 |
| Net assets at the end of the period |  | 6,047,102.34 |
| Number of Shares Outstanding (at the end of the period) |  |  |
| - A |  | 4,389.164 |
| - AH CHF |  | 1,245.000 |
| Net Asset Value per Share (at the end of the period) |  |  |
| - A |  | 1,091.22 |
| - AH CHF |  | 1,092.00 |

|  |
| --- |
| Global Fund |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 56,858.93 |
| Interest on bonds, net of taxes | 1g | 0.00 |
| Interest on cash accounts |  | 0.00 |
| Tax claim |  | 1,240.00 |
| Other income |  | 0.00 |
| Total Income |  | 58,098.93 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 4 | 29,681.24 |
| Hedging fee |  | 0.00 |
| Depositary fees |  | 3,566.14 |
| Subscription tax | 6 | 432.16 |
| Administration fees |  | 9,285.26 |
| Miscellaneous fees |  | 17,353.40 |
| Transaction fees |  | 1,123.26 |
| Overdraft interest |  | 2,037.27 |
| Taxes paid to foreign authorities |  | 0.00 |
| Total Expenses |  | 63,478.73 |
| Net Profit / (Loss) |  | -5,379.80 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 2,264,391.94 |
| - on currencies |  | -10,876.83 |
| - on forward exchange contracts |  | 1.38 |
| - on futures |  | -267,500.00 |
| Total Net Realised Profit / (Loss) |  | 1,980,636.69 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | -1,645,915.09 |
| - on currencies |  | 0.00 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 64,500.00 |
| Result of operations |  | 399,221.60 |
| - Subscriptions |  | 0.00 |
| - Redemptions |  | -11,684,906.31 |
| Net changes in Net Assets |  | -11,285,684.71 |
| Net assets at the beginning of the period |  | 11,285,684.71 |
| Net assets at the end of the period |  | 0.00 |

|  |
| --- |
| Tactical Fund |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 370,622.22 |
| Interest on bonds, net of taxes | 1g | 52,080.18 |
| Interest on cash accounts |  | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 422,702.40 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 4 | 196,936.73 |
| Hedging fee |  | 0.00 |
| Depositary fees |  | 13,485.16 |
| Subscription tax | 6 | 7,502.03 |
| Administration fees |  | 57,222.98 |
| Miscellaneous fees |  | 14,668.25 |
| Transaction fees |  | 15,477.49 |
| Overdraft interest |  | 5,059.22 |
| Taxes paid to foreign authorities |  | 1,504.26 |
| Total Expenses |  | 311,856.12 |
| Net Profit / (Loss) |  | 110,846.28 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 241,169.90 |
| - on currencies |  | -10,319.98 |
| - on forward exchange contracts |  | -2,699.03 |
| - on futures |  | -698,750.00 |
| Total Net Realised Profit / (Loss) |  | -359,752.83 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | -250,169.81 |
| - on currencies |  | -11,930.65 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 279,375.00 |
| Result of operations |  | -342,478.29 |
| - Subscriptions |  | 225,975.58 |
| - Redemptions |  | -645,567.07 |
| Net changes in Net Assets |  | -762,069.78 |
| Net assets at the beginning of the period |  | 30,255,018.88 |
| Net assets at the end of the period |  | 29,492,949.10 |

|  |
| --- |
| Quintillia Fund |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 27,025.83 |
| Interest on bonds, net of taxes | 1g | 13,761.68 |
| Interest on cash accounts |  | 67.41 |
| Tax claim |  | 0.00 |
| Other income |  | 296.16 |
| Total Income |  | 41,151.08 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 4 | 21,943.46 |
| Hedging fee |  | 0.00 |
| Depositary fees |  | 5,152.55 |
| Subscription tax | 6 | 759.03 |
| Administration fees |  | 13,253.09 |
| Miscellaneous fees |  | 2,028.64 |
| Transaction fees |  | 1,720.59 |
| Overdraft interest |  | 1,482.87 |
| Taxes paid to foreign authorities |  | 0.00 |
| Total Expenses |  | 46,340.23 |
| Net Profit / (Loss) |  | -5,189.15 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -37,585.48 |
| - on currencies |  | 620.45 |
| - on forward exchange contracts |  | 0.00 |
| - on futures |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -42,154.18 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | 23,015.73 |
| - on currencies |  | 8,701.54 |
| - on forward exchange contracts |  | -17.31 |
| - on futures |  | 0.00 |
| Result of operations |  | -10,454.22 |
| - Subscriptions |  | 0.00 |
| - Redemptions |  | -183,215.66 |
| Net changes in Net Assets |  | -193,669.88 |
| Net assets at the beginning of the period |  | 3,668,597.07 |
| Net assets at the end of the period |  | 3,474,927.19 |

|  |
| --- |
| Logiver Indiciel Dynamique |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 0.00 |
| Interest on bonds, net of taxes | 1g | 0.00 |
| Interest on cash accounts |  | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 0.00 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 4 | 343,202.26 |
| Hedging fee |  | 0.00 |
| Depositary fees |  | 70,332.96 |
| Subscription tax | 6 | 34,451.99 |
| Administration fees |  | 48,724.16 |
| Miscellaneous fees |  | 30,935.91 |
| Transaction fees |  | 9,207.32 |
| Overdraft interest |  | 9,110.44 |
| Taxes paid to foreign authorities |  | 0.00 |
| Total Expenses |  | 545,965.04 |
| Net Profit / (Loss) |  | -545,965.04 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 950,799.63 |
| - on currencies |  | -992.85 |
| - on forward exchange contracts |  | -318,951.86 |
| - on futures |  | -1,083,507.50 |
| Total Net Realised Profit / (Loss) |  | -998,617.62 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | 3,107,009.10 |
| - on currencies |  | 0.00 |
| - on forward exchange contracts |  | 17,299.01 |
| - on futures |  | 363,697.50 |
| Result of operations |  | 2,489,387.99 |
| - Subscriptions |  | 2,330,877.64 |
| - Redemptions |  | -4,010,235.28 |
| Net changes in Net Assets |  | 810,030.35 |
| Net assets at the beginning of the period |  | 90,935,933.80 |
| Net assets at the end of the period |  | 91,745,964.15 |

|  |
| --- |
| PBT - Global Asset Allocation |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 87,939.60 |
| Interest on bonds, net of taxes | 1g | 3,630.15 |
| Interest on cash accounts |  | 0.01 |
| Tax claim |  | 450.70 |
| Other income |  | 0.00 |
| Total Income |  | 92,020.46 |
| Expenses |  |  |
| Performance fee | 5 | 159.28 |
| Management Fee | 4 | 114,815.32 |
| Hedging fee |  | 0.00 |
| Depositary fees |  | 10,101.29 |
| Subscription tax | 6 | 4,689.05 |
| Administration fees |  | 20,282.53 |
| Miscellaneous fees |  | 9,923.91 |
| Transaction fees |  | 1,456.79 |
| Overdraft interest |  | 7,864.22 |
| Taxes paid to foreign authorities |  | 318.98 |
| Total Expenses |  | 169,611.37 |
| Net Profit / (Loss) |  | -77,590.91 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | -65,830.28 |
| - on currencies |  | 11,984.59 |
| - on forward exchange contracts |  | 8,402.78 |
| - on futures |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | -123,033.82 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | 557,475.49 |
| - on currencies |  | 2,078.94 |
| - on forward exchange contracts |  | -17,187.04 |
| - on futures |  | 0.00 |
| Result of operations |  | 419,333.57 |
| - Subscriptions |  | 274,422.00 |
| - Redemptions |  | -624,256.89 |
| Net changes in Net Assets |  | 69,498.68 |
| Net assets at the beginning of the period |  | 15,951,927.35 |
| Net assets at the end of the period |  | 16,021,426.03 |

|  |
| --- |
| Conviction Shares |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 189,228.42 |
| Interest on bonds, net of taxes | 1g | 0.00 |
| Interest on cash accounts |  | 7.96 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 189,236.38 |
| Expenses |  |  |
| Performance fee | 5 | 72,265.11 |
| Management Fee | 4 | 165,865.68 |
| Hedging fee |  | 0.00 |
| Depositary fees |  | 18,890.71 |
| Subscription tax | 6 | 6,184.22 |
| Administration fees |  | 23,483.09 |
| Miscellaneous fees |  | 8,320.25 |
| Transaction fees |  | 28,040.12 |
| Overdraft interest |  | 2,299.20 |
| Taxes paid to foreign authorities |  | 0.00 |
| Total Expenses |  | 325,348.38 |
| Net Profit / (Loss) |  | -136,112.00 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 596,360.41 |
| - on currencies |  | 121,833.19 |
| - on forward exchange contracts |  | -176,148.65 |
| - on futures |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 405,932.95 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | 1,554,500.25 |
| - on currencies |  | 361.32 |
| - on forward exchange contracts |  | -61,867.02 |
| - on futures |  | 0.00 |
| Result of operations |  | 1,898,927.50 |
| - Subscriptions |  | 2,154,124.58 |
| - Redemptions |  | -1,484,238.06 |
| Net changes in Net Assets |  | 2,568,814.02 |
| Net assets at the beginning of the period |  | 22,031,378.40 |
| Net assets at the end of the period |  | 24,600,192.42 |

|  |
| --- |
| Short Term Crossover Bond |
|  |
|  | Notes | Value (in EUR) |
|  |
| Income |  |  |
| Dividends, net of taxes | 1g | 0.00 |
| Interest on bonds, net of taxes | 1g | 84,651.79 |
| Interest on cash accounts |  | 0.00 |
| Tax claim |  | 0.00 |
| Other income |  | 0.00 |
| Total Income |  | 84,651.79 |
| Expenses |  |  |
| Performance fee | 5 | 0.00 |
| Management Fee | 4 | 22,624.69 |
| Hedging fee |  | 750.76 |
| Depositary fees |  | 5,342.85 |
| Subscription tax | 6 | 1,509.51 |
| Administration fees |  | 22,649.09 |
| Miscellaneous fees |  | 2,159.40 |
| Transaction fees |  | 1,173.73 |
| Overdraft interest |  | 527.38 |
| Taxes paid to foreign authorities |  | 0.00 |
| Total Expenses |  | 56,737.41 |
| Net Profit / (Loss) |  | 27,914.38 |
| Net Realised Profit / (Loss) |  |  |
| - on investments | 1b | 12,848.40 |
| - on currencies |  | -4.70 |
| - on forward exchange contracts |  | 19,499.19 |
| - on futures |  | 0.00 |
| Total Net Realised Profit / (Loss) |  | 60,257.27 |
| Change in Net Unrealised Appreciation or Depreciation |  |  |
| - on investments | 1e | 1,001.35 |
| - on currencies |  | -0.63 |
| - on forward exchange contracts |  | 7,316.29 |
| - on futures |  | 0.00 |
| Result of operations |  | 68,574.28 |
| - Subscriptions |  | 39,998.99 |
| - Redemptions |  | 0.00 |
| Net changes in Net Assets |  | 108,573.27 |
| Net assets at the beginning of the period |  | 5,938,529.07 |
| Net assets at the end of the period |  | 6,047,102.34 |

|  |
| --- |
| Tactical Fund |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| ADECCO S.A. -REG- | 14,700 | CHF | 847,705.86 | 639,343.26 | 2.17% |
| ARYZTA A.G. | 221,000 | CHF | 615,975.32 | 286,189.99 | 0.97% |
| HOLCIM LTD | 10,034 | CHF | 487,871.28 | 418,957.32 | 1.42% |
| Total SWISS FRANC |  |  | 1,951,552.46 | 1,344,490.57 | 4.56% |
| A2A SpA | 250,000 | EUR | 297,480.00 | 443,875.00 | 1.51% |
| ADMIE CO HLDG S.A. | 232,000 | EUR | 343,325.45 | 546,360.00 | 1.85% |
| AEGON N.V. | 257,403 | EUR | 1,375,841.02 | 1,149,819.20 | 3.90% |
| ALSTOM | 5,000 | EUR | 162,575.00 | 164,250.00 | 0.56% |
| AUDIOVALLEY S.A. | 65,000 | EUR | 215,798.91 | 214,500.00 | 0.73% |
| BANCO BPM SpA | 148,018 | EUR | 728,736.06 | 402,164.91 | 1.36% |
| BANK OF CYPRUS HLDG PLC | 110,751 | EUR | 722,771.23 | 110,751.00 | 0.38% |
| BASTIDE LE CONFORT MEDICAL S.A. | 16,219 | EUR | 335,730.32 | 727,422.15 | 2.47% |
| BIGBEN INTERACTIVE | 10,000 | EUR | 145,000.00 | 161,000.00 | 0.55% |
| BILFINGER SE | 16,530 | EUR | 698,240.54 | 498,875.40 | 1.69% |
| BOLLORE | 75,000 | EUR | 178,785.00 | 375,375.00 | 1.27% |
| CATERING INTERNATIONAL SERVICES | 15,414 | EUR | 200,673.40 | 191,904.30 | 0.65% |
| CIMENTS VICAT | 11,156 | EUR | 711,746.19 | 429,506.00 | 1.46% |
| COIMA RES SpA AZ. | 37,603 | EUR | 262,700.93 | 259,836.73 | 0.88% |
| COMMERZBANK A.G. | 74,440 | EUR | 787,679.26 | 428,402.20 | 1.45% |
| DEUTSCHE BANK -REG- | 60,000 | EUR | 1,451,274.24 | 662,280.00 | 2.25% |
| ELIOR SCA | 40,289 | EUR | 303,459.33 | 278,396.99 | 0.94% |
| EXPERT.AI SpA | 55,000 | EUR | 129,069.28 | 130,350.00 | 0.44% |
| FRAPORT A.G. | 5,000 | EUR | 216,778.00 | 300,600.00 | 1.02% |
| GECINA | 3,500 | EUR | 407,954.50 | 407,925.00 | 1.38% |
| HIGH CO | 108,714 | EUR | 680,120.76 | 610,972.68 | 2.07% |
| INVIBES ADVERTISING N.V. | 8,105 | EUR | 56,735.00 | 132,111.50 | 0.45% |
| LA FRANCAISE DE L'ENERGIE S.A. | 11,317 | EUR | 101,821.37 | 237,657.00 | 0.81% |
| LEONARDO SPA | 40,000 | EUR | 356,431.00 | 284,560.00 | 0.96% |
| MAISONS DU MONDE S.A. | 7,770 | EUR | 240,459.55 | 135,586.50 | 0.46% |
| MAPFRE S.A. | 170,000 | EUR | 261,691.03 | 320,450.00 | 1.09% |
| NEXI SpA | 10,000 | EUR | 160,561.00 | 161,600.00 | 0.55% |
| PIRAEUS FINANCIAL HLDG S.A. | 12,969 | EUR | 256,476.52 | 18,091.76 | 0.06% |
| PROSIEBENSAT.1 MEDIA SE | 37,172 | EUR | 906,129.37 | 589,547.92 | 2.00% |
| RENAULT S.A. | 21,600 | EUR | 1,359,644.32 | 667,332.00 | 2.26% |
| ROYAL DUTCH SHELL PLC -A- | 9,661 | EUR | 267,577.48 | 187,732.55 | 0.64% |
| SAFRAN S.A. | 5,864 | EUR | 495,088.52 | 643,046.24 | 2.18% |
| SAIPEM SpA | 130,000 | EUR | 506,690.00 | 276,770.00 | 0.94% |
| SERVIZI ITALIA SpA | 48,559 | EUR | 190,519.75 | 103,430.67 | 0.35% |
| TECHNIPFMC -REG- | 29,000 | EUR | 247,500.50 | 190,008.00 | 0.64% |
| TOTALENERGIES SE | 20,472 | EUR | 673,777.60 | 846,210.12 | 2.87% |
| VALEO S.A. | 20,000 | EUR | 559,884.94 | 485,000.00 | 1.64% |
| VALLOUREC S.A. | 18,099 | EUR | 137,585.08 | 136,647.45 | 0.46% |
| VILMORIN ET CIE | 12,240 | EUR | 579,762.62 | 627,912.00 | 2.13% |
| Total EURO |  |  | 17,714,075.07 | 14,538,260.27 | 49.29% |

Tactical Fund
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| BT GROUP PLC | 284,399 | GBP | 981,038.35 | 528,729.68 | 1.79% |
| --- | --- | --- | --- | --- | --- |
| CAPITA PLC | 150,000 | GBP | 361,439.85 | 88,930.25 | 0.30% |
| GRAINGER PLC | 66,780 | GBP | 207,893.94 | 236,960.04 | 0.80% |
| GREAT PORTLAND ESTATES PLC REIT | 13,106 | GBP | 96,649.39 | 113,822.69 | 0.39% |
| MITIE GROUPE PLC | 410,031 | GBP | 147,869.80 | 338,691.19 | 1.15% |
| RENEWI PLC | 39,545 | GBP | 220,205.66 | 278,800.19 | 0.95% |
| UNILEVER PLC | 7,000 | GBP | 319,120.75 | 326,159.04 | 1.11% |
| Total BRITISH POUND |  |  | 2,334,217.74 | 1,912,093.08 | 6.48% |
| ENEA S.A. | 160,000 | PLN | 308,600.32 | 322,607.28 | 1.09% |
| KERNEL HLDG S.A. | 10,600 | PLN | 118,787.11 | 138,416.08 | 0.47% |
| Total POLISH ZLOTY |  |  | 427,387.43 | 461,023.36 | 1.56% |
| ACADEMEDIA AB | 80,948 | SEK | 486,534.36 | 479,022.40 | 1.62% |
| ATTENDO AB | 104,381 | SEK | 458,745.63 | 389,762.92 | 1.32% |
| Total SWEDISH KRONA |  |  | 945,279.99 | 868,785.32 | 2.95% |
| BAOZUN INC. -A -ADR- | 6,000 | USD | 129,398.85 | 90,754.56 | 0.31% |
| ENEL AMERICAS S.A. -ADR- | 49,947 | USD | 316,557.78 | 252,116.10 | 0.85% |
| IHUMAN INC. -ADR- | 4,000 | USD | 40,167.64 | 16,256.09 | 0.06% |
| JD.COM INC. -ADR- | 4,300 | USD | 255,386.17 | 268,028.82 | 0.91% |
| MTN GROUP LTD -SPONSORED ADR - | 40,000 | USD | 302,695.84 | 320,635.06 | 1.09% |
| TELECOM ARGENTINA -SPONSORED ADR - | 36,000 | USD | 670,590.42 | 153,759.87 | 0.52% |
| Total U.S. DOLLAR |  |  | 1,714,796.70 | 1,101,550.50 | 3.73% |
| Total Shares & Related Securities |  |  | 25,087,309.39 | 20,226,203.10 | 68.58% |
| Bonds |  |  |  |  |  |
| AXA FRN 03-PERPETUAL | 180,000 | EUR | 160,200.00 | 166,810.50 | 0.57% |
| AXA FRN 04-PERPETUAL | 250,000 | EUR | 144,750.00 | 231,507.50 | 0.78% |
| BNP PARIBAS S.A. FRN 85-PERPETUAL | 500,000 | EUR | 280,000.00 | 474,875.00 | 1.61% |
| CASINO GUICHARD-PERRACHON FRN 05-PERPETUAL | 850,000 | EUR | 527,015.00 | 356,893.75 | 1.21% |
| ELLAKTOR VALUE PLC 6,375 19-151224 | 200,000 | EUR | 193,450.00 | 197,203.00 | 0.67% |
| ERAMET 4,196 17-280224 | 300,000 | EUR | 295,800.00 | 303,925.50 | 1.03% |
| FF GROUP FINANCE 1,75 14-030719 | 900,000 | EUR | 864,300.00 | 67,437.00 | 0.23% |
| K+S A.G. 2,625 17-060423 | 200,000 | EUR | 192,500.00 | 204,413.00 | 0.69% |
| RALLYE S.A. 5,25 16-010222 | 300,000 | EUR | 299,700.00 | 89,298.00 | 0.30% |
| SELECTA GROUP B.V. 0,00 18-2049 | 300,000 | EUR | 298,650.00 | 150,193.50 | 0.51% |
| VALLOUREC 8,50 21-300626 | 112,583 | EUR | 120,616.92 | 115,587.84 | 0.39% |
| WEBUILD SpA 3,625 20-280127 | 300,000 | EUR | 252,720.00 | 312,661.50 | 1.06% |
| Total EURO |  |  | 3,629,701.92 | 2,670,806.09 | 9.06% |
| MTN INVESTMENTS LTD 4,755 14-111124 | 350,000 | USD | 280,512.94 | 317,509.60 | 1.08% |

Tactical Fund
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| OI S.A. 10,00 18-270725 | 300,000 | USD | 242,498.89 | 243,776.69 | 0.83% |
| --- | --- | --- | --- | --- | --- |
| Total U.S. DOLLAR |  |  | 523,011.83 | 561,286.29 | 1.90% |
| Total Bonds |  |  | 4,152,713.75 | 3,232,092.38 | 10.96% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 29,240,023.14 | 23,458,295.48 | 79.54% |
| Investment funds |  |  |  |  |  |
| ISHARES EURO HIGH YIELD CORPORATE BOND UCITS STF | 4,338 | EUR | 444,045.65 | 443,126.70 | 1.50% |
| ISHARES EURO -INFLATION LINKED- BOND -DIS- UCITS STF | 1,500 | EUR | 337,150.00 | 352,980.00 | 1.20% |
| ISHARES GLOBAL CORPORATE BOND EUR HEDGED -DIS- | 3,500 | EUR | 363,880.00 | 370,055.00 | 1.25% |
| ISHARES III CORE EURO CORPORATE BOND UCITS ETF | 4,100 | EUR | 551,926.00 | 551,696.00 | 1.87% |
| Total EURO |  |  | 1,697,001.65 | 1,717,857.70 | 5.82% |
| Total Investment funds |  |  | 1,697,001.65 | 1,717,857.70 | 5.82% |
| Other Transferable Securities |  |  |  |  |  |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99,373 | EUR | 111,445.83 | 0.00 | 0.00% |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99,373 | EUR | 111,445.84 | 0.00 | 0.00% |
| ASTALDI SpA | 300,279 | EUR | 0.03 | 0.00 | 0.00% |
| BMPS-BANK OF NEW YORK FRN 08-301299 | 5,000,000 | EUR | 1,113,600.00 | 273,350.00 | 0.93% |
| UNICREDIT-MITSUBISHI FRN 09-151250 | 700,000 | EUR | 509,500.00 | 357,686.00 | 1.21% |
| Total EURO |  |  | 1,845,991.70 | 631,036.00 | 2.14% |
| THOMAS COOK GROUP PLC | 388,000 | GBP | 208,152.61 | 0.00 | 0.00% |
| Total BRITISH POUND |  |  | 208,152.61 | 0.00 | 0.00% |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99,893 | USD | 0.00 | 0.00 | 0.00% |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99,893 | USD | 0.00 | 0.00 | 0.00% |
| Total U.S. DOLLAR |  |  | 0.00 | 0.00 | 0.00% |
| Total Other Transferable Securities |  |  | 2,054,144.31 | 631,036.00 | 2.14% |
| Total Portfolio |  |  | 32,991,169.10 | 25,807,189.18 | 87.50% |

|  |
| --- |
| Quintillia Fund |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| CAMECO CORP. | 2,000 | CAD | 35,134.49 | 35,486.81 | 1.02% |
| Total CANADIAN DOLLAR |  |  | 35,134.49 | 35,486.81 | 1.02% |
| ALCON S.A. | 625 | CHF | 25,912.90 | 43,769.02 | 1.26% |
| NOVARTIS -REG- | 635 | CHF | 40,599.86 | 45,236.65 | 1.30% |
| ROCHE HLDG A.G. -PARTICIPATION CERTIFICATE- | 220 | CHF | 52,728.29 | 68,601.61 | 1.97% |
| Total SWISS FRANC |  |  | 119,241.05 | 157,607.28 | 4.54% |
| AIR LIQUIDE | 235 | EUR | 32,857.70 | 32,824.80 | 0.94% |
| BANQUE NATIONALE DE BELGIQUE | 19 | EUR | 49,254.06 | 32,300.00 | 0.93% |
| DANONE | 630 | EUR | 36,596.70 | 37,396.80 | 1.08% |
| FINANCIERE DE TUBIZE | 450 | EUR | 34,875.00 | 39,105.00 | 1.13% |
| K+S A.G. | 2,333 | EUR | 46,536.32 | 31,577.16 | 0.91% |
| KBC GROUP S.A. | 510 | EUR | 34,868.20 | 39,168.00 | 1.13% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT A.G. | 140 | EUR | 36,974.00 | 33,544.00 | 0.97% |
| SANOFI S.A. | 630 | EUR | 45,454.98 | 52,737.30 | 1.52% |
| TOTALENERGIES SE | 890 | EUR | 35,186.15 | 36,521.15 | 1.05% |
| Total EURO |  |  | 352,603.11 | 335,174.21 | 9.65% |
| BHP GROUP PLC | 1,400 | GBP | 35,299.74 | 30,124.47 | 0.87% |
| Total BRITISH POUND |  |  | 35,299.74 | 30,124.47 | 0.87% |
| C.P. POKPHAND CO LTD | 500,183 | HKD | 48,969.98 | 53,105.32 | 1.53% |
| CK HUTCHISON HLDG LTD | 5,762 | HKD | 63,170.75 | 33,168.96 | 0.95% |
| Total HONG KONG DOLLAR |  |  | 112,140.73 | 86,274.28 | 2.48% |
| KYOCERA CORP. | 680 | JPY | 29,169.18 | 36,273.21 | 1.04% |
| MITSUBISHI HEAVY INDUSTRIES LTD | 1,830 | JPY | 63,040.17 | 42,853.76 | 1.23% |
| MITSUBISHI UFJ FINANCIAL GROUP INC. | 7,000 | JPY | 32,325.04 | 36,155.35 | 1.04% |
| TOKYO GAS CO LTD | 2,500 | JPY | 46,500.37 | 40,234.16 | 1.16% |
| TREND MICRO INC. | 930 | JPY | 19,890.05 | 44,214.49 | 1.27% |
| Total JAPANESE YEN |  |  | 190,924.81 | 199,730.97 | 5.75% |
| YARA INTERNATIONAL | 1,100 | NOK | 34,604.45 | 46,878.14 | 1.35% |
| Total NORWEGIAN KRONE |  |  | 34,604.45 | 46,878.14 | 1.35% |
| PETROBRAS -SP ADR - REPR. 4 SHARES | 5,500 | USD | 35,309.92 | 49,149.84 | 1.41% |
| PFIZER INC. | 1,100 | USD | 35,305.63 | 41,223.37 | 1.19% |
| Total U.S. DOLLAR |  |  | 70,615.55 | 90,373.21 | 2.60% |
| Total Shares & Related Securities |  |  | 950,563.93 | 981,649.37 | 28.25% |

Quintillia Fund
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| Bonds |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| CIE SAINT GOBAIN 0,625 19-150324 | 100,000 | EUR | 98,433.00 | 102,151.50 | 2.94% |
| LOUIS DREYFUS COMPANY 4,00 17-070222 | 100,000 | EUR | 100,600.00 | 101,531.50 | 2.92% |
| MEDTRONIC GLOBAL HLDG 1,125 19-070327 | 100,000 | EUR | 99,552.00 | 105,326.50 | 3.03% |
| SYNGENTA FINANCE FRN 20-160426 | 200,000 | EUR | 198,402.00 | 220,151.00 | 6.34% |
| Total EURO |  |  | 496,987.00 | 529,160.50 | 15.23% |
| BANK OF AMERICA 3,248 16-211027 | 150,000 | USD | 136,462.89 | 139,503.04 | 4.01% |
| BAXTER INTERNATIONAL INC. 3,50 16-150846 | 100,000 | USD | 88,610.51 | 92,735.57 | 2.67% |
| BNG BANK N.V. 3,125 18-081121 | 200,000 | USD | 175,801.47 | 172,718.35 | 4.97% |
| Total U.S. DOLLAR |  |  | 400,874.87 | 404,956.96 | 11.65% |
| Total Bonds |  |  | 897,861.87 | 934,117.46 | 26.88% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 1,848,425.80 | 1,915,766.83 | 55.13% |
| Investment funds |  |  |  |  |  |
| PICTET-ABSOLUTE RETURN FIX HI EUR | 2,200 | EUR | 246,412.00 | 246,950.00 | 7.11% |
| PICTET TOTAL RETURN DIVERS ALPHA P | 2,250 | EUR | 241,767.00 | 247,432.50 | 7.12% |
| Total EURO |  |  | 488,179.00 | 494,382.50 | 14.23% |
| IXIOS GOLD P | 27 | USD | 36,909.45 | 35,178.68 | 1.01% |
| Total U.S. DOLLAR |  |  | 36,909.45 | 35,178.68 | 1.01% |
| Total Investment funds |  |  | 525,088.45 | 529,561.18 | 15.24% |
| Total Portfolio |  |  | 2,373,514.25 | 2,445,328.01 | 70.37% |

|  |
| --- |
| Logiver Indiciel Dynamique |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Investment funds |  |  |  |  |  |
| DIMENSIONAL EMERGING MARKETS LGE CAP CR -A- | 798,859 | EUR | 11,199,998.97 | 11,551,496.80 | 12.59% |
| DIMENSIONAL EUROPEAN SMALL -B- -CAP- | 63,683 | EUR | 1,880,992.03 | 3,100,739.49 | 3.38% |
| DIMENSIONAL EUROPE VALUE -B- EUR -CAP- | 719,346 | EUR | 6,938,909.23 | 10,020,492.97 | 10.92% |
| DIMENSIONAL GLOBAL SUS CORE EQUIT. -EA- | 109,751 | EUR | 2,418,920.00 | 2,966,579.29 | 3.23% |
| DIMENSIONAL GLOBAL VALUE FUND EUR | 477,069 | EUR | 5,586,800.00 | 7,170,347.45 | 7.82% |
| DIMENSIONAL-GL TARGETED VAL -B- -CAP- | 228,994 | EUR | 4,947,280.32 | 6,585,870.52 | 7.18% |
| DIMENSIONAL II MK TARGET -B- EUR -CAP- | 136,186 | EUR | 2,563,900.00 | 3,102,306.90 | 3.38% |
| DIMENSIONAL US SMALL COMPANIES -B- EUR -CAP- | 101,850 | EUR | 3,119,649.95 | 4,606,682.19 | 5.02% |
| DIMENSION GLOBAL SMALL CO EUR -CAP- | 362,541 | EUR | 7,703,644.38 | 11,057,489.89 | 12.05% |
| VANGUARD EMERGING MARKETS STOCK INDEX -CAP- | 9,075 | EUR | 1,423,718.41 | 1,830,605.96 | 2.00% |
| VANGUARD INV.S.-EUR.STOCK INDEX FUND.EUR | 85,344 | EUR | 1,614,691.41 | 2,193,630.97 | 2.39% |
| VANGUARD INVESTMENT US 500 STOCK INDEX -CAP- | 254,940 | EUR | 6,409,155.34 | 11,057,306.50 | 12.05% |
| VANGUARD JAPAN STOCK INDEX EUR -CAP- | 7,321 | EUR | 1,187,351.88 | 1,834,610.39 | 2.00% |
| Total EURO |  |  | 56,995,011.92 | 77,078,159.32 | 84.01% |
| ISHARES EDGE MSCI USA VALUE FACTOR UCITS STF | 396,931 | USD | 2,196,392.40 | 3,003,225.95 | 3.27% |
| SSGA SPDR MSCI USA VALUE -CAP- | 65,212 | USD | 2,180,327.39 | 3,028,353.11 | 3.30% |
| VANGUARD PACIFIC EX JAPAN STOCK INDEX -CAP- | 6,034 | USD | 1,153,868.05 | 1,568,073.09 | 1.71% |
| Total U.S. DOLLAR |  |  | 5,530,587.84 | 7,599,652.15 | 8.28% |
| Total Investment funds |  |  | 62,525,599.76 | 84,677,811.47 | 92.30% |
| Total Portfolio |  |  | 62,525,599.76 | 84,677,811.47 | 92.30% |

|  |
| --- |
| PBT - Global Asset Allocation |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| NESTLE -REG- | 3,270 | CHF | 215,966.26 | 339,216.12 | 2.12% |
| UBS GROUP A.G. | 28,375 | CHF | 388,999.90 | 394,438.94 | 2.46% |
| ZURICH INSURANCE GROUP A.G. | 870 | CHF | 227,442.63 | 309,367.22 | 1.93% |
| Total SWISS FRANC |  |  | 832,408.79 | 1,043,022.28 | 6.51% |
| BNP PARIBAS S.A. | 9,158 | EUR | 498,932.05 | 506,071.08 | 3.16% |
| DAIMLER A.G. -REG- | 7,870 | EUR | 462,627.45 | 609,138.00 | 3.80% |
| L'OREAL | 1,260 | EUR | 242,401.92 | 457,758.00 | 2.86% |
| LVMH MOET HENNESSY.LOUIS VUITTON SE | 505 | EUR | 191,900.00 | 315,877.50 | 1.97% |
| TOTALENERGIES SE | 10,866 | EUR | 452,312.40 | 445,886.31 | 2.78% |
| VINCI S.A. | 3,385 | EUR | 287,849.80 | 306,748.70 | 1.91% |
| WORLDLINE S.A. | 4,205 | EUR | 308,268.07 | 280,179.15 | 1.75% |
| Total EURO |  |  | 2,444,291.69 | 2,921,658.74 | 18.24% |
| AMAZON.COM INC. | 120 | USD | 213,596.33 | 341,039.47 | 2.13% |
| MICROSOFT CORP. | 1,815 | USD | 182,932.83 | 443,769.10 | 2.77% |
| Total U.S. DOLLAR |  |  | 396,529.16 | 784,808.57 | 4.90% |
| Total Shares & Related Securities |  |  | 3,673,229.64 | 4,749,489.59 | 29.64% |
| Bonds |  |  |  |  |  |
| VOLKSWAGEN FINANCE SERVICES 1,375 18-161023 | 450,000 | EUR | 437,634.00 | 463,763.25 | 2.89% |
| Total EURO |  |  | 437,634.00 | 463,763.25 | 2.89% |
| AMERICAN EXPRESS FRN 17-010822 | 150,000 | USD | 124,030.05 | 129,622.06 | 0.81% |
| Total U.S. DOLLAR |  |  | 124,030.05 | 129,622.06 | 0.81% |
| Total Bonds |  |  | 561,664.05 | 593,385.31 | 3.70% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 4,234,893.69 | 5,342,874.90 | 33.35% |
| Investment funds |  |  |  |  |  |
| TIKEHAU SHORT DURATION -I -R- -CAP- CHF -H- | 7,295 | CHF | 632,562.22 | 689,058.20 | 4.30% |
| Total SWISS FRANC |  |  | 632,562.22 | 689,058.20 | 4.30% |
| ALLIANZ GLOBAL INVESTMENT EUR EQUIT. GROWTH PT -CAP- | 210 | EUR | 327,824.37 | 533,948.10 | 3.33% |
| AWF GLOBAL INFLATION SHORT DURATION BONDS | 6,100 | EUR | 615,612.00 | 643,001.00 | 4.01% |
| AXA GLOBAL INFLATION BOND -I- -CAP- | 2,312 | EUR | 360,033.78 | 406,518.96 | 2.54% |
| AXA WORLD FUNDS US SHORT DURATION HIGH YIELD -I- | 3,420 | EUR | 342,000.00 | 354,380.40 | 2.21% |
| ISHARES CORE EMERGING MARKETS IMI UCITS ETF | 19,325 | EUR | 550,662.89 | 593,606.03 | 3.71% |
| ISHARES STOXX EUR 600 REAL ESTATE UCITS ETF | 15,002 | EUR | 263,191.59 | 287,288.30 | 1.79% |

PBT - Global Asset Allocation
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| ISHARES US TREASURY 7-10Y BOND -DIS- UCITS ETF | 900 | EUR | 177,104.15 | 163,188.00 | 1.02% |
| --- | --- | --- | --- | --- | --- |
| ROBECO EURO GOVT BONDS IH EUR -CAP- | 1,874 | EUR | 314,916.11 | 342,361.06 | 2.14% |
| ROBECO QI GLOBAL DYN DURATION IH EUR -CAP- | 4,132 | EUR | 630,412.84 | 657,277.24 | 4.10% |
| SSGA RUSSEL 2000 US SMALL CAP | 9,360 | EUR | 402,320.29 | 501,415.20 | 3.13% |
| TIKEHAU CREDIT PLUS -A- -CAP- | 1,765 | EUR | 237,976.70 | 255,695.55 | 1.60% |
| UBS (LUX) EQUIT. CHINA OPPORTUNITY -CAP- | 1,445 | EUR | 210,970.00 | 164,990.10 | 1.03% |
| VONTOBEL EMERGING MARKETS HNHE -CAP- | 5,970 | EUR | 600,343.20 | 621,178.50 | 3.88% |
| Total EURO |  |  | 5,033,367.92 | 5,524,848.44 | 34.48% |
| AGIF ALLIANZ CHINA -A- SHRS-AT USD | 10,200 | USD | 160,752.10 | 160,523.44 | 1.00% |
| CREDIT SUISSE LONDON IF2 GLOBAL ROBOTICS EQUITY | 140 | USD | 204,555.42 | 341,267.10 | 2.13% |
| ISHARES CORE 500 -CAP- UCITS ETF | 1,820 | USD | 578,061.66 | 697,477.34 | 4.35% |
| ISHARES S&P500 INFORMATION TECHNO -CAP- UCITS ETF | 26,430 | USD | 179,030.18 | 431,417.33 | 2.69% |
| ROBECO CAP GROWTH GLOBAL CONS TRENDS EQUIT. | 1,577 | USD | 480,963.72 | 594,903.24 | 3.71% |
| Total U.S. DOLLAR |  |  | 1,603,363.08 | 2,225,588.45 | 13.89% |
| Total Investment funds |  |  | 7,269,293.22 | 8,439,495.09 | 52.68% |
| Other Transferable Securities |  |  |  |  |  |
| INVESCO PHYSICAL GOLD ETC | 2,825 | USD | 401,486.59 | 407,619.13 | 2.54% |
| Total U.S. DOLLAR |  |  | 401,486.59 | 407,619.13 | 2.54% |
| Total Other Transferable Securities |  |  | 401,486.59 | 407,619.13 | 2.54% |
| Options |  |  |  |  |  |
| PUT DJ EURO STOXX 50 Juin 2022 ST 3800 | 43 | EUR | 86,301.00 | 87,978.00 | 0.55% |
| Total EURO |  |  | 86,301.00 | 87,978.00 | 0.55% |
| Total Options |  |  | 86,301.00 | 87,978.00 | 0.55% |
| Total Portfolio |  |  | 11,991,974.50 | 14,277,967.12 | 89.12% |

|  |
| --- |
| Conviction Shares |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Shares & Related Securities |  |  |  |  |  |
| GIVAUDAN A.G. | 110 | CHF | 413,354.37 | 433,650.91 | 1.76% |
| VAT GROUP A.G. | 1,500 | CHF | 331,030.33 | 513,643.51 | 2.09% |
| Total SWISS FRANC |  |  | 744,384.70 | 947,294.42 | 3.85% |
| AIRBUS GROUP | 2,500 | EUR | 199,213.16 | 287,750.00 | 1.17% |
| AIR LIQUIDE | 1,200 | EUR | 137,581.38 | 166,296.00 | 0.68% |
| AMADEUS IT GROUP S.A. | 19,000 | EUR | 1,014,138.52 | 1,080,720.00 | 4.39% |
| ASML HLDG N.V. | 1,800 | EUR | 467,145.87 | 1,162,620.00 | 4.73% |
| GAZTRANSPORT ET TECHNIGAZ S.A. | 9,000 | EUR | 718,380.42 | 582,750.00 | 2.37% |
| KION GROUP A.G. | 6,000 | EUR | 457,387.69 | 485,160.00 | 1.97% |
| LVMH MOET HENNESSY.LOUIS VUITTON SE | 750 | EUR | 289,974.28 | 465,075.00 | 1.89% |
| ROYAL DUTCH SHELL PLC -A- | 45,000 | EUR | 831,801.57 | 874,440.00 | 3.55% |
| SANOFI S.A. | 3,800 | EUR | 310,267.53 | 315,704.00 | 1.28% |
| SHOP APOTHEKE EUROPE N.V. | 5,000 | EUR | 625,033.18 | 638,500.00 | 2.60% |
| SODEXO | 10,000 | EUR | 771,652.50 | 757,800.00 | 3.08% |
| TELEPERFORMANCE | 2,700 | EUR | 512,975.19 | 918,270.00 | 3.73% |
| THALES S.A. 1,00 20-150528 | 6,000 | EUR | 480,297.16 | 504,960.00 | 2.05% |
| TOTALENERGIES SE | 15,000 | EUR | 587,634.24 | 620,025.00 | 2.52% |
| UMICORE S.A. | 7,000 | EUR | 351,710.00 | 358,680.00 | 1.46% |
| WORLDLINE S.A. | 9,000 | EUR | 555,196.23 | 594,090.00 | 2.41% |
| Total EURO |  |  | 8,310,388.92 | 9,812,840.00 | 39.89% |
| GLENCORE PLC | 235,000 | GBP | 839,335.70 | 961,953.93 | 3.91% |
| Total BRITISH POUND |  |  | 839,335.70 | 961,953.93 | 3.91% |
| SHIMANO INC. | 2,600 | JPY | 494,386.38 | 661,511.86 | 2.69% |
| Total JAPANESE YEN |  |  | 494,386.38 | 661,511.86 | 2.69% |
| ACTIVISION BLIZZARD INC. | 7,500 | USD | 490,070.08 | 500,819.71 | 2.04% |
| AKAMAI TECHNOLOGIES INC. | 5,700 | USD | 519,386.36 | 514,399.24 | 2.09% |
| ALBEMARLE CORP. | 5,000 | USD | 645,355.72 | 944,691.32 | 3.84% |
| ALPHABET INC. -C- | 580 | USD | 740,125.18 | 1,333,862.38 | 5.42% |
| AMAZON.COM INC. | 400 | USD | 757,411.89 | 1,133,798.70 | 4.61% |
| APPLE INC. | 10,000 | USD | 744,106.81 | 1,220,932.74 | 4.96% |
| BOEING | 3,700 | USD | 570,610.78 | 702,168.34 | 2.85% |
| CISCO SYSTEMS INC. | 6,000 | USD | 255,373.35 | 281,789.55 | 1.15% |
| CLEVELAND CLIFFS NAT RESOURCES INC. | 75,000 | USD | 638,449.25 | 1,281,979.38 | 5.21% |
| JOHNSON & JOHNSON CORP. | 1,600 | USD | 187,671.96 | 222,960.44 | 0.91% |
| MICRON TECHNOLOGY | 7,500 | USD | 305,597.28 | 459,338.19 | 1.87% |
| MICROSOFT CORP. | 6,500 | USD | 935,009.17 | 1,581,155.36 | 6.43% |
| NVIDIA CORP. | 8,200 | USD | 465,790.92 | 1,465,733.64 | 5.96% |
| PETROBRAS -SP ADR - REPR. 4 SHARES | 27,000 | USD | 253,932.88 | 240,890.46 | 0.98% |

Conviction Shares
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
| --- | --- | --- | --- | --- | --- |

| VISHAY INTERTECHNOLOGY INC. | 45,000 | USD | 847,467.60 | 780,059.54 | 3.17% |
| --- | --- | --- | --- | --- | --- |
| Total U.S. DOLLAR | 8,356,359.23 | 12,664,578.99 | 51.48% |
| Total Shares & Related Securities | 18,744,854.93 | 25,048,179.20 | 101.82% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market | 18,744,854.93 | 25,048,179.20 | 101.82% |
| Total Portfolio | 18,744,854.93 | 25,048,179.20 | 101.82% |

|  |
| --- |
| Short Term Crossover Bond |
|  |
| Investment | Quantity | CCY | Cost (in EUR) | Evaluation value (in EUR) | % Total Net Assets |
|  |
| Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  |  |  |  |
| Bonds |  |  |  |  |  |
| ACCOR 1,25 17-250124 | 200,000 | EUR | 189,500.00 | 208,782.00 | 3.45% |
| AMS A.G. 6,00 20-310725 | 200,000 | EUR | 204,500.00 | 213,964.00 | 3.54% |
| AZIMUT HLDG 2,00 17-280322 | 150,000 | EUR | 148,483.50 | 151,438.50 | 2.50% |
| EDF S.A. FRN 18-PERPETUAL | 200,000 | EUR | 203,900.00 | 213,866.00 | 3.54% |
| EL CORTE INGLES S.A. 3,625 20-150324 | 200,000 | EUR | 203,500.00 | 206,691.00 | 3.42% |
| ENEL SpA FRN 18-241178 | 200,000 | EUR | 198,980.00 | 208,673.00 | 3.45% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 200,000 | EUR | 182,680.00 | 202,697.00 | 3.35% |
| FERROVIAL NL B.V. FRN 17-PERPETUAL | 200,000 | EUR | 181,700.00 | 200,964.00 | 3.32% |
| FLUOR CORP. 1,75 16-210323 | 200,000 | EUR | 190,800.00 | 204,525.00 | 3.38% |
| FORD MOTOR CREDIT 3,021 19-060324 | 200,000 | EUR | 182,960.00 | 208,827.00 | 3.45% |
| GAZPROM FRN 20-PERPETUAL | 200,000 | EUR | 207,460.00 | 207,579.00 | 3.43% |
| GAZPROM P.J.S.C. 2,95 20-150425 | 200,000 | EUR | 203,420.00 | 212,580.00 | 3.52% |
| GETLINK 3,50 20-301025 | 200,000 | EUR | 203,500.00 | 207,464.00 | 3.43% |
| INEOS FINANCE PLC 2,125 17-151125 | 200,000 | EUR | 195,000.00 | 199,311.00 | 3.30% |
| LEONARDO SpA 4,875 05-240325 | 200,000 | EUR | 221,000.00 | 228,765.00 | 3.78% |
| LOUIS DREYFUS 2,375 20-271125 | 100,000 | EUR | 100,000.00 | 106,643.50 | 1.76% |
| MTU AERO ENGINES A.G. 3,00 20-010725 | 200,000 | EUR | 210,694.00 | 218,090.00 | 3.61% |
| NOKIA CORP. 2,375 20-150525 | 100,000 | EUR | 99,651.00 | 106,404.50 | 1.76% |
| OCI N.V. 3,625 20-151025 | 200,000 | EUR | 208,434.00 | 207,938.00 | 3.44% |
| PPF TELECOM 3,50 20-200524 | 200,000 | EUR | 209,000.00 | 213,538.00 | 3.53% |
| RENAULT S.A. S.A. 2,375 20-250526 | 200,000 | EUR | 204,206.00 | 202,517.00 | 3.35% |
| REPSOL INTERNATIONAL FRN 21-PERPETUAL | 200,000 | EUR | 201,956.00 | 201,011.00 | 3.32% |
| ROLLS-ROYCE 4,625 20-160226 | 200,000 | EUR | 214,440.00 | 222,121.00 | 3.67% |
| SCHAEFFLER FINANCE B.V. 2,75 20-121025 | 200,000 | EUR | 200,110.00 | 213,247.00 | 3.53% |
| SOFTBK GROUP CORP.3,125 17-190925 | 200,000 | EUR | 187,498.00 | 200,524.00 | 3.32% |
| SYNGENTA FINANCE FRN 20-160426 | 200,000 | EUR | 211,210.00 | 220,182.00 | 3.64% |
| TELEFONICA EUROPE FRN 19-PERPETUAL | 200,000 | EUR | 206,490.00 | 217,180.00 | 3.59% |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS B.V. 1,125 16- 151024 | 200,000 | EUR | 174,150.00 | 191,308.00 | 3.16% |
| TIKEHAU CAPITAL SCA 3,00 17-271123 | 200,000 | EUR | 200,988.00 | 211,307.00 | 3.49% |
| VOLKSWAGEN INTERNATIONAL FINANCE FRN 14-PERPETUA | 150,000 | EUR | 171,187.50 | 169,475.25 | 2.80% |
| Total EURO |  |  | 5,717,398.00 | 5,977,612.75 | 98.85% |
| Total Bonds |  |  | 5,717,398.00 | 5,977,612.75 | 98.85% |
| Total Transferable securities admitted to an official stock exchange or dealt in on another regulated market |  |  | 5,717,398.00 | 5,977,612.75 | 98.85% |
| Total Portfolio |  |  | 5,717,398.00 | 5,977,612.75 | 98.85% |

(Content)
| Tactical Fund | % Total Net Assets |
| --- | --- |
|  |
| FRANCE | 30.05 % |
| GERMANY | 9.10 % |
| UNITED KINGDOM | 8.43 % |
| ITALY | 8.05 % |
| IRELAND | 6.20 % |
| SWITZERLAND | 4.56 % |
| NETHERLANDS | 4.41 % |
| SWEDEN | 2.95 % |
| LUXEMBURG | 2.84 % |
| GREECE | 1.91 % |
| CAYMAN ISLANDS | 1.27 % |
| BELGIUM | 1.18 % |
| POLAND | 1.09 % |
| SOUTH AFRICA | 1.09 % |
| SPAIN | 1.09 % |
| MAURITIUS | 1.08 % |
| CHILE | 0.85 % |
| BRAZIL | 0.83 % |
| ARGENTINA | 0.52 % |
| Total Portfolio | 87.50 % |

(Content)
| Quintillia Fund | % Total Net Assets |
| --- | --- |
|  |
| LUXEMBURG | 17.26 % |
| NETHERLANDS | 14.23 % |
| FRANCE | 8.54 % |
| UNITED STATES OF AMERICA | 7.87 % |
| JAPAN | 5.75 % |
| SWITZERLAND | 4.54 % |
| BELGIUM | 3.18 % |
| GERMANY | 1.87 % |
| BERMUDA | 1.53 % |
| BRAZIL | 1.41 % |
| NORWAY | 1.35 % |
| CANADA | 1.02 % |
| CAYMAN ISLANDS | 0.95 % |
| UNITED KINGDOM | 0.87 % |
| Total Portfolio | 70.37 % |

(Content)
| Logiver Indiciel Dynamique | % Total Net Assets |
| --- | --- |
|  |
| IRELAND | 92.30 % |
| Total Portfolio | 92.30 % |

(Content)
| PBT - Global Asset Allocation | % Total Net Assets |
| --- | --- |
|  |
| LUXEMBURG | 34.94 % |
| IRELAND | 17.44 % |
| FRANCE | 16.03 % |
| GERMANY | 8.49 % |
| SWITZERLAND | 6.51 % |
| UNITED STATES OF AMERICA | 5.71 % |
| Total Portfolio | 89.12 % |

(Content)
| Conviction Shares | % Total Net Assets |
| --- | --- |
|  |
| UNITED STATES OF AMERICA | 50.51 % |
| FRANCE | 20.02 % |
| NETHERLANDS | 8.49 % |
| SPAIN | 4.39 % |
| JERSEY | 3.91 % |
| SWITZERLAND | 3.85 % |
| UNITED KINGDOM | 3.55 % |
| JAPAN | 2.69 % |
| GERMANY | 1.97 % |
| BELGIUM | 1.46 % |
| BRAZIL | 0.98 % |
| Total Portfolio | 101.82 % |

(Content)
| Short Term Crossover Bond | % Total Net Assets |
| --- | --- |
|  |
| NETHERLANDS | 28.57 % |
| FRANCE | 17.26 % |
| UNITED KINGDOM | 10.40 % |
| ITALY | 9.74 % |
| GERMANY | 7.13 % |
| UNITED STATES OF AMERICA | 6.84 % |
| AUSTRIA | 3.54 % |
| RUSSIA | 3.52 % |
| SPAIN | 3.42 % |
| PORTUGAL | 3.35 % |
| JAPAN | 3.32 % |
| FINLAND | 1.76 % |
| Total Portfolio | 98.85 % |

| Tactical Fund | % Total Net Assets |
| --- | --- |
|  |
| BANKS | 8.87 % |
| FINANCIAL SERVICES - HOLDINGS | 8.09 % |
| UNIT TRUSTS, UCITS | 6.77 % |
| TELECOMMUNICATIONS | 6.41 % |
| OIL & DERIVED | 6.36 % |
| INSURANCE COMPANIES | 6.34 % |
| BUILDING MATERIALS | 5.63 % |
| ROAD VEHICLES | 3.91 % |
| FOOD & CLEANING MATERIALS | 3.89 % |
| HEALTH CARE & SERVICES | 3.79 % |
| ENERGY SOURCES | 3.45 % |
| REAL ESTATE | 3.45 % |
| PUBLISHING & BROADCASTING | 3.17 % |
| DISTRIBUTION | 2.52 % |
| COMMERCIAL SERVICES - PUBLIC | 2.47 % |
| INFORMATION, TECHNOLOGY & COPIERS | 2.07 % |
| IT & INTERNET | 1.71 % |
| OTHER SERVICES | 1.38 % |
| AIR TRANSPORT | 1.27 % |
| NONFERROUS METALS | 1.03 % |
| ROAD & RAILWAY TRANSPORTS | 1.02 % |
| AEROSPACE INDUSTRY & DEFENCE | 0.96 % |
| UTILITIES | 0.95 % |
| CHEMICAL PRODUCTS | 0.69 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 0.56 % |
| MECHANICAL CONSTRUCTION | 0.39 % |
| PHARMACOLOGY & PERSONAL CARE | 0.35 % |
| Total Portfolio | 87.50 % |

| Quintillia Fund | % Total Net Assets |
| --- | --- |
|  |
| UNIT TRUSTS, UCITS | 15.23 % |
| PHARMACOLOGY & PERSONAL CARE | 11.68 % |
| BANKS | 11.04 % |
| FINANCIAL SERVICES - HOLDINGS | 8.33 % |
| AGRICULTURE & FISHING | 5.80 % |
| BUILDING MATERIALS | 2.94 % |
| OIL & DERIVED | 2.47 % |
| INTERMEDIARY INDUSTRIAL PRODUCTIONS | 1.89 % |
| CHEMICAL PRODUCTS | 1.85 % |
| IT & INTERNET | 1.27 % |
| HEALTH CARE & SERVICES | 1.26 % |
| MECHANICAL CONSTRUCTION | 1.23 % |
| ENERGY SOURCES | 1.16 % |
| TEXTILE & GARMENTS | 1.13 % |
| FOOD & CLEANING MATERIALS | 1.08 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 1.04 % |
| INSURANCE COMPANIES | 0.97 % |
| Total Portfolio | 70.37 % |

| Logiver Indiciel Dynamique | % Total Net Assets |
| --- | --- |
|  |
| UNIT TRUSTS, UCITS | 92.30 % |
| Total Portfolio | 92.30 % |

| PBT - Global Asset Allocation | % Total Net Assets |
| --- | --- |
|  |
| UNIT TRUSTS, UCITS | 53.23 % |
| FINANCIAL SERVICES - HOLDINGS | 7.90 % |
| IT & INTERNET | 4.90 % |
| BANKS | 3.97 % |
| ROAD VEHICLES | 3.80 % |
| PHARMACOLOGY & PERSONAL CARE | 2.86 % |
| OIL & DERIVED | 2.78 % |
| FOOD & CLEANING MATERIALS | 2.12 % |
| TEXTILE & GARMENTS | 1.97 % |
| INSURANCE COMPANIES | 1.93 % |
| BUILDING MATERIALS | 1.91 % |
| OTHER SERVICES | 1.75 % |
| Total Portfolio | 89.12 % |

| Conviction Shares | % Total Net Assets |
| --- | --- |
|  |
| IT & INTERNET | 19.55 % |
| FINANCIAL SERVICES - HOLDINGS | 13.19 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 12.55 % |
| OIL & DERIVED | 9.42 % |
| TELECOMMUNICATIONS | 8.70 % |
| NONFERROUS METALS | 6.67 % |
| CHEMICAL PRODUCTS | 6.28 % |
| AEROSPACE INDUSTRY & DEFENCE | 6.08 % |
| BUILDING MATERIALS | 3.91 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 3.17 % |
| ROAD VEHICLES | 2.69 % |
| OTHER SERVICES | 2.41 % |
| PHARMACOLOGY & PERSONAL CARE | 2.19 % |
| MECHANICAL CONSTRUCTION | 1.97 % |
| TEXTILE & GARMENTS | 1.89 % |
| INFORMATION, TECHNOLOGY & COPIERS | 1.15 % |
| Total Portfolio | 101.82 % |

| Short Term Crossover Bond | % Total Net Assets |
| --- | --- |
|  |
| FINANCIAL SERVICES - HOLDINGS | 32.64 % |
| ROAD VEHICLES | 13.63 % |
| AEROSPACE INDUSTRY & DEFENCE | 11.06 % |
| ENERGY SOURCES | 10.34 % |
| TELECOMMUNICATIONS | 5.35 % |
| ELECTRIC & ELECTRONIC COMPONENTS | 3.54 % |
| OIL & DERIVED | 3.52 % |
| LEISURES & TOURISM | 3.45 % |
| CHEMICAL PRODUCTS | 3.44 % |
| DISTRIBUTION | 3.42 % |
| BUILDING MATERIALS | 3.38 % |
| IT & INTERNET | 3.32 % |
| AGRICULTURE & FISHING | 1.76 % |
| Total Portfolio | 98.85 % |

| Tactical Fund | % Total Net Assets |
| --- | --- |
|  |
| EURO | 66.31 % |
| BRITISH POUND | 6.48 % |
| U.S. DOLLAR | 5.64 % |
| SWISS FRANC | 4.56 % |
| SWEDISH KRONA | 2.95 % |
| POLISH ZLOTY | 1.56 % |
| Total Portfolio | 87.50 % |

| Quintillia Fund | % Total Net Assets |
| --- | --- |
|  |
| EURO | 39.09 % |
| U.S. DOLLAR | 15.27 % |
| JAPANESE YEN | 5.75 % |
| SWISS FRANC | 4.54 % |
| HONG KONG DOLLAR | 2.48 % |
| NORWEGIAN KRONE | 1.35 % |
| CANADIAN DOLLAR | 1.02 % |
| BRITISH POUND | 0.87 % |
| Total Portfolio | 70.37 % |

| Logiver Indiciel Dynamique | % Total Net Assets |
| --- | --- |
|  |
| EURO | 84.02 % |
| U.S. DOLLAR | 8.28 % |
| Total Portfolio | 92.30 % |

| PBT - Global Asset Allocation | % Total Net Assets |
| --- | --- |
|  |
| EURO | 56.17 % |
| U.S. DOLLAR | 22.14 % |
| SWISS FRANC | 10.81 % |
| Total Portfolio | 89.12 % |

| Conviction Shares | % Total Net Assets |
| --- | --- |
|  |
| U.S. DOLLAR | 51.48 % |
| EURO | 39.89 % |
| BRITISH POUND | 3.91 % |
| SWISS FRANC | 3.85 % |
| JAPANESE YEN | 2.69 % |
| Total Portfolio | 101.82 % |

| Short Term Crossover Bond | % Total Net Assets |
| --- | --- |
|  |
| EURO | 98.85 % |
| Total Portfolio | 98.85 % |

| Global Fund |
| --- |
|  |
| Shares outstanding at the beginning of the financial period | - CAP | 11,865.039 0.000 11,865.039 |
| Shares issued during the financial period | - CAP |
| Shares redeemed during the financial period | - CAP |
| Shares outstanding at the end of the financial period | - CAP | 0.000 |

Tactical Fund
| Shares outstanding at the beginning of the financial period	- A | 67.089 |
| --- | --- |
| - B | 137,816.056 |
| Shares issued during the financial period	- A | 24.945 |
| - B | 1,000.000 |
| Shares redeemed during the financial period	- A | 31.920 |
| - B | 2,923.000 |
| Shares outstanding at the end of the financial period	- A | 60.114 |
| - B | 135,893.056 |

Quintillia Fund
| Shares outstanding at the beginning of the financial period	- A | 2,360.000 |
| --- | --- |
| - B | 13,003.000 |
| Shares issued during the financial period	- A | 0.000 |
| - B | 0.000 |
| Shares redeemed during the financial period	- A | 60.000 |
| - B | 1,233.000 |
| Shares outstanding at the end of the financial period	- A | 2,300.000 |
| - B | 11,770.000 |

Logiver Indiciel Dynamique
| Shares outstanding at the beginning of the financial period	- Instit 1-0,90 | 1,751.750 |
| --- | --- |
| - Retail 1-0,75 | 21,557.878 |
| - Retail 2-0,00 | 10,675.676 |
| - Retail 3-1,00 | 4,980.738 |
| - Retail 4-0,50 | 2,106.917 |
| Shares issued during the financial period	- Instit 1-0,90 | 28.050 |
| - Retail 1-0,75 | 529.041 |
| - Retail 2-0,00 | 205.159 |
| - Retail 3-1,00 | 340.122 |
| - Retail 4-0,50 | 21.887 |
| Shares redeemed during the financial period	- Instit 1-0,90 | 111.450 |
| - Retail 1-0,75 | 759.130 |
| - Retail 2-0,00 | 371.608 |
| - Retail 3-1,00 | 318.024 |
| - Retail 4-0,50 | 0.000 |
| Shares outstanding at the end of the financial period	- Instit 1-0,90 | 1,668.350 |
| - Retail 1-0,75 | 21,327.789 |
| - Retail 2-0,00 | 10,509.227 |
| - Retail 3-1,00 | 5,002.836 |
| - Retail 4-0,50 | 2,128.804 |

PBT - Global Asset Allocation
| Shares outstanding at the beginning of the financial period	- A CHF | 50,875.000 |
| --- | --- |
| - A EUR | 109,055.194 |
| Shares issued during the financial period	- A CHF | 0.000 |
| - A EUR | 2,600.000 |
| Shares redeemed during the financial period	- A CHF | 0.000 |
| - A EUR | 5,862.321 |
| Shares outstanding at the end of the financial period	- A CHF | 50,875.000 |
| - A EUR | 105,792.873 |

| Conviction Shares |
| --- |
|  |
| Shares outstanding at the beginning of the financial period | - A EUR | 180,861.000 16,607.000 11,221.000 |
| Shares issued during the financial period | - A EUR |
| Shares redeemed during the financial period | - A EUR |
| Shares outstanding at the end of the financial period | - A EUR | 186,247.000 |

Short Term Crossover Bond
| Shares outstanding at the beginning of the financial period	- A | 4,352.286 |
| --- | --- |
| - AH CHF | 1,245.000 |
| Shares issued during the financial period	- A | 36.878 |
| - AH CHF | 0.000 |
| Shares redeemed during the financial period	- A | 0.000 |
| - AH CHF | 0.000 |
| Shares outstanding at the end of the financial period	- A | 4,389.164 |
| - AH CHF | 1,245.000 |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| Global Fund* (EUR) | 31.03.2019 31.03.2020 31.03.2021 16.07.2021 | 26,383,466.21 27,252,922.45 11,275,684.71 1,736,876.11 | - CAP | 32,857.958 | 802.96 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - CAP | 31,058.772 | 877.46 | EUR |
| - CAP | 11,865.039 | 950.33 | EUR |
| - CAP | 1,744.039 | 995.89 | EUR |

* Sub-Fund liquidated
| Tactical Fund (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 29,052,366.44 22,327,761.11 30,255,018.88 29,492,949.10 | - A | 289.872 | 176.79 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 151,912.540 | 190.91 | EUR |
| - A | 70.709 | 140.76 | EUR |
| - B | 145,865.540 | 153.00 | EUR |
| - A | 67.089 | 200.57 | EUR |
| - B | 137,816.056 | 219.43 | EUR |
| - A | 60.114 | 197.64 | EUR |
| - B | 135,893.056 | 216.94 | EUR |

| Quintillia Fund (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 5,123,687.80 5,127,772.29 3,668,597.07 3,474,927.19 | - A | 3,970.000 | 1,053.18 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 8,995.158 | 104.79 | EUR |
| - A | 3,940.000 | 991.58 | EUR |
| - B | 12,355.158 | 98.82 | EUR |
| - A | 2,360.000 | 1,002.96 | EUR |
| - B | 13,003.000 | 100.10 | EUR |
| - A | 2,300.000 | 999.80 | EUR |
| - B | 11,770.000 | 99.86 | EUR |

| Sub-Fund | Valuation date | Total Net Assets | Share Class | Shares Outstanding | SHARE VALUE | CCY |
| --- | --- | --- | --- | --- | --- | --- |

| Logiver Indiciel Dynamique (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 73,451,818.59 62,698,240.39 90,935,933.80 91,745,964.15 | - Instit 1-0,90 | 898.120 | 10,204.60 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - Retail 1-0,75 | 22,890.675 | 1,456.78 | EUR |
| - Retail 2-0,00 | 12,708.777 | 1,493.94 | EUR |
| - Retail 3-1,00 | 4,809.336 | 1,533.73 | EUR |
| - Retail 4-0,50 | 3,013.687 | 1,519.03 | EUR |
| - Instit 1-0,90 | 1,183.460 | 8,798.98 | EUR |
| - Retail 1-0,75 | 22,279.145 | 1,257.09 | EUR |
| - Retail 2-0,00 | 11,863.050 | 1,298.88 | EUR |
| - Retail 3-1,00 | 4,484.169 | 1,320.18 | EUR |
| - Retail 4-0,50 | 2,244.547 | 1,314.13 | EUR |
| - Instit 1-0,90 | 1,751.750 | 12,146.28 | EUR |
| - Retail 1-0,75 | 21,557.878 | 1,737.25 | EUR |
| - Retail 2-0,00 | 10,675.676 | 1,808.50 | EUR |
| - Retail 3-1,00 | 4,980.738 | 1,819.88 | EUR |
| - Retail 4-0,50 | 2,106.917 | 1,820.63 | EUR |
| - Instit 1-0,90 | 1,668.350 | 12,464.26 | EUR |
| - Retail 1-0,75 | 21,327.789 | 1,783.72 | EUR |
| - Retail 2-0,00 | 10,509.227 | 1,863.86 | EUR |
| - Retail 3-1,00 | 5,002.836 | 1,866.21 | EUR |
| - Retail 4-0,50 | 2,128.804 | 1,871.66 | EUR |

| PBT - Global Asset Allocation (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 11,918,712.16 11,172,885.60 15,951,927.35 16,021,426.03 | - A CHF | 49,625.000 | 95.21 | CHF |
| --- | --- | --- | --- | --- | --- | --- |
| - A EUR | 80,411.852 | 95.68 | EUR |
| - A CHF | 52,275.000 | 85.96 | CHF |
| - A EUR | 80,010.314 | 86.74 | EUR |
| - A CHF | 50,875.000 | 102.14 | CHF |
| - A EUR | 109,055.194 | 103.20 | EUR |
| - A CHF | 50,875.000 | 104.05 | CHF |
| - A EUR | 105,792.873 | 105.29 | EUR |

| Conviction Shares (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 11,100,377.23 8,852,292.12 22,031,378.40 24,600,192.42 | - A EUR | 121,471.000 | 91.38 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - A EUR | 104,198.000 | 84.96 | EUR |
| - A EUR | 180,861.000 | 121.81 | EUR |
| - A EUR | 186,247.000 | 132.08 | EUR |

| Short Term Crossover Bond (EUR) | 27.04.2020* 31.03.2021 30.09.2021 | 4,175,000.00 5,938,529.07 6,047,102.34 | - A | 4,75.,000 | 1,000.00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - A | 4,352.286 | 1,083.52 | EUR |
| - AH CHF | 1,245.000 | 1,086.37 | CHF |
| - A | 4,389.164 | 1,091.22 | EUR |
| - AH CHF | 1,245.000 | 1,092.00 | CHF |

* First Net Asset Calculation
| NOTE 1 - ACCOUNTING PRINCIPLES AND METHODS |
| --- |
| The financial statements of the SICAV have been prepared on a going concern basis and in accordance with accounting standards and principles generally accepted in Luxembourg on the basis of official net asset values calculated at the end of the financial year, |
| a) Securities portfolio valuation |
| Securities listed on an official stock exchange are valued on the basis of the last known closing price as at 30 September 2021 and, if there is more than one market, at the price of the relevant security's main market. Securities and derivatives listed on other regulated markets are valued on the basis of the closing price known as at 30 September 2021 and, if there is more than one market, at the price of the relevant security's main market. Securities not listed on a stock exchange or whose price is not representative are valued at their last known trading value as at 30 September 2021 or, in the absence of a trading value, at the probable realisation value in accordance with the valuation criteria deemed relevant by the Board of Directors. Units in collective investment undertakings are valued at the last available net value. Derivatives (futures) listed on an official stock exchange are valued on the basis of the last available closing price as at 30 September 2021 and, if there are several markets, on the basis of the last closing price of the main market for the security in question. If the last known closing price on the given valuation day is not representative, the valuation will be based on the probable realisation value estimated prudently and in good faith. The contracts of exchange are estimated on basis of the rates "forward" of closing date.. |
| b) Net realised gain or loss on investments |
| The net realised profit or loss on sales of securities are calculated based on the average cost of the securities sold. The net realised profit or loss on variation of exchange rates is recorded in the caption "Net realised Profit/ (Loss) on currencies" during the sale transaction. |
| c) Conversion of foreign currencies |
| The bank deposits, other net assets and the stock market value of securities in the portfolio in currencies other than the EURO are converted into EUROs at the exchange rate valid at the closing date. The income and expenses in currencies other than the EURO are converted into EUROs at the exchange rate valid at the date of payment. |
| d) Acquisition cost of the securities in the portfolio |
| For securities denominated in currencies other than the currency of the SICAV, the acquisition cost is calculated based on the exchange rate valid on the day of purchase. |

- Change in the net unrealised gain and lossChanges in net unrealised appreciation or depreciation at the end of the financial year also appear in the statement of operations and changes in net assets.
- Change in the securities portfolioThe table of changes in the securities portfolio is freely available at the registered office of the SICAV.
- Income, expenditure and related provisionsProvision is made daily for interest and dividends are recorded on the ex-date. The interest and income are recognised net of non-recoverable withholding taxes.

When the SICAV pays expenses concerning one Sub-Fund in particular, they are allocated to that Sub- Fund. Expenses not attributable to one Sub-Fund in particular are split between the different Sub- Funds at pro rata of the net asset value of each Sub-Fund.
- Combined financial statementsThe financial statements of the SICAV are expressed in the reference’s currency.

The consolidated financial statements of the SICAV are drawn up in EUR and are equal to the sum of the corresponding headings in the financial statements of each sub-fund, converted in these currency at the exchange rate at the date of the financial statements (Note 2).
NOTE 2 - EXCHANGE RATE
| 1  EUR	= | 1.08110 | CHF |
| --- | --- | --- |

NOTE 3 - TAXES AND EXPENSES PAYABLE
| Performance fee | 81,135.94 | EUR |
| --- | --- | --- |
| Management fee | 340,650.12 | EUR |
| Hedging fee | 286,932.89 | EUR |
| Depositary fees | 60,140.16 | EUR |
| Subscription tax | 18,595.09 | EUR |
| Miscellaneous fees | 61,638.04 | EUR |
| Total | 562,159.35 | EUR |

NOTE 4 - MANAGEMENT, ADVISORY AND DISTRIBUTION FEES
Global Fund (until 16 July 2021):
The Company will pay the Management Company a remuneration consisting of a management fee at the annual rate of 0.075% p.a. with an annual minimum of EUR 7,500, supplemented by a management fee at an annual rate of 1.175%.
The Management Company pays, at the sub-fund’s expense, to Mune Dos Pte. Ltd., the investment advisor, a remuneration consisting of an annual fee at the maimum rate of 1.25% p.a..
These fees are payable quarterly and calculated on the average net value of the sub-fund’s shares.
| Tactical Fund: The Company will pay the Management Company a remuneration consisting of a management fee at an annual rate of 0.075% p.a. with an annual minimum of EUR 7,500 (applicable to class A and class B), supplemented by a management fee at an annual rate of 1.925% for class A and 1.225% for class B. The fee is payable on a quarterly basis and is calculated on the average net value of the shares of each class of the sub-fund. This management fee may be used to pay for distribution or promotion services. The Management Company has designated, at its own expense, LESBROUSSARTS SERVICES as Investment Advisor for the Sub-Fund. |
| --- |
| Quintillia The Company will pay the Management Company a remuneration consisting of a management fee at an annual rate of 0.10% p.a. with an annual minimum of EUR 10,000 (applicable to class A and class B), supplemented by a management fee at an annual rate of 1.00% for class A and 0.85% for class B. The Management Company pays to the Investment Advisor, IBEB S.A., a remuneration consisting of an annual fee set at : - 1% maximum for class A;
- 0,85% maximum for class B.
 These fees are payable quarterly and calculated on the average net value of the sub-fund’s shares. Logiver Indiciel Dynamic At the sub-fund's expense, the Company will pay the Management Company a remuneration taken from the sub-fund's assets and consisting of an annual fee at a single rate of 0.10% (with an annual minimum of EUR 15,000) payable at the end of each quarter and applied on the average net assets of the sub-fund during the past quarter. The Management Company will pay the Manager, LOGIVER S.A., at the sub-fund's expense, a remuneration taken from the sub-fund's assets and consisting of an annual fee at a single rate of: - 0.75% for Retail class 1 - 0.75;
- 0.00% for Retail class 2 - 0.00;
- 1.00% for Retail class 3 - 1.00;
- 0.50% for Retail class 4 - 0.50;
- 1.00% for Retail class 5 - 1.00 USD;
- 0.90% for Instit class 1 - 0.90;
- 0.50% for Instit class 2 - 0.50.
 payable on a monthly basis and applied to the average net assets of the sub-fund during the past month. LOGIVER S.A. has appointed ARCHE WEALTH MANAGEMENT as its own investment advisor for this sub-fund. |
| PBT - Global Asset Allocation : The SICAV will pay the Management company, for the sub-fund’s account, remuneration deducted from the assets of the sub-fund and consisting of an annual fee at the single rate of 0.10% (with an annual minimum of EUR 15,000) payable at the end of each quarter and applied to the average net assets of the sub-fund over the past quarter. The Management company will pay to the Investment Advisor, BCB & PARTNERS S.A., at the sub- fund's expense, remuneration consisting of a management fee of 1.30% per annum maximum for classes A-EUR and A-CHF. The management fee is payable quarterly and is calculated on the average net value of the sub-fund's shares. This management fee can be used to remunerate distribution or promotion services. No additional fee will be paid in respect of the exchange risk hedging applied to the A-CHF class. |

| The Manager is assisted by two investment advisers: - Thriving Finance and
- Privaswiss Management SABCB & PARTNERS S.A. has designated both above, at its own expense, as Investment Advisor of the Sub-Fund.
 Conviction Shares : The SICAV will pay the Management Company a remuneration, which will be borne by the sub-fund, deducted from the assets of the sub-fund and consisting of an annual fee at the single rate of 0.10% (with an annual minimum of EUR 15,000) payable at the end of each quarter and applied to the average net assets of the sub-fund over the past quarter. The Management Company will pay the Investment Manager, PRIVALUX MANAGEMENT S.A., a remuneration, borne by the sub-fund, consisting of a management fee of 1.25% per annum. The management fee is payable quarterly and is calculated on the average net value of the sub-fund's shares. This management fee can be used to remunerate distribution or promotion services. Short Term Crossover Bond : The Company pays the Management Company remuneration consisting of a management fee at the annual rate of 0.20% p.a. with an annual minimum of EUR 15,000 supplemented by a management fee at the annual rate of: - 0.50% for each class A, AH-CHF, AH-USD.
- 0.30% for each class B, BH-CHF, BH-USD.
 The Management Company is also in charge of managing the hedging policy that will apply to the sub- fund's classes denominated in USD and CHF. To this end, an agreement on hedging against exchange rate risk has been entered into between the Management Company and the Company for an unlimited period. Under the terms of this agreement and in consideration for these services, the Management Company receives from the Company, at the expense of the sub-fund's AH-CHF, AH-USD, BH-CHF and BH-USD classes, a monthly fee of 0.01% per month, calculated on the average net asset value during the month under review of these classes. This commission is payable quarterly. The fee is payable on a quarterly basis and is calculated on the average net value of the shares of each class of the sub-fund. This management fee may be used to pay for distribution or promotion services. The Management Company has appointed HERAVEST SA as its own investment adviser for this Sub- Fund. |
| --- |
| Note that the activity of a UCI or sub-fund investing in other UCIs may result in duplication of certain costs. In addition to the sub-fund's daily management costs, overhead expenses and management fees will be charged indirectly to the sub-fund's assets through the UCIs in which it has invested. Cumulative management fees may not exceed 5%. When the sub-fund invests in UCIs managed directly or indirectly, by the Management Company or by any other company with which the Management Company is linked by common management or control or by a significant direct or indirect holding, no front-end or back-end load charged by the UCI whose shares/units are bought may be charged to the sub-fund. |

Logiver Indiciel Dynamique:
| Investment Funds | ISIN | Management fees of underlying |
| --- | --- | --- |
| DIMENSION GLOBAL SMALL CO EUR -CAP- | IE00B67WB637 | 0,43 |
| DIMENSIONAL EMERGING MARKETS LGE CAP CR -A- | IE00BWGCG836 | 0,36 |
| DIMENSIONAL EUROPE VALUE -B- EUR -CAP- | IE00B1W6CW87 | 0,39 |
| DIMENSIONAL EUROPEAN SMALL -B- -CAP- | IE0032769055 | 0,54 |
| DIMENSIONAL GLOBAL SUS CORE EQUIT. -EA- | IE00B7T1D258 | 0,28 |
| DIMENSIONAL GLOBAL VALUE FUND EUR | IE00B60LX167 | 0,36 |
| DIMENSIONAL II MK TARGET -B- EUR -CAP- | IE00B1W6DP85 | 0,73 |
| DIMENSIONAL US SMALL COMPANIES -B- EUR -CAP- | IE0032768974 | 0,41 |
| DIMENSIONAL-GL TARGETED VAL -B- -CAP- | IE00B2PC0716 | 0,49 |
| ISHARES EDGE MSCI USA VALUE FACTOR UCITS STF | IE00BD1F4M44 | 0,20 |
| SSGA SPDR MSCI USA VALUE -CAP- | IE00BSPLC520 | 0,20 |
| VANGUARD EMERGING MARKETS STOCK INDEX -CAP- | IE0031786142 | 0,23 |
| VANGUARD INV.S.-EUR.STOCK INDEX FUND.EUR | IE0007987708 | 0,12 |
| VANGUARD INVESTMENT US 500 STOCK INDEX -CAP- | IE0032126645 | 0,10 |
| VANGUARD JAPAN STOCK INDEX EUR -CAP- | IE0007286036 | 0,16 |
| VANGUARD PACIFIC EX JAPAN STOCK INDEX -CAP- | IE0007218849 | 0,16 |

PBT - Global Asset Allocation:
| Investment Funds | ISIN | Management fees of underlying |
| --- | --- | --- |
| AGIF ALLIANZ CHINA -A- SHRS-AT USD | LU1997245177 | 2,30 |
| ALLIANZ GLOBAL INVESTMENT EUR EQUIT. GROWTH PT -CAP- | LU0256881631 | 0,99 |
| AWF GLOBAL INFLATION SHORT DURATION BONDS | LU1353952267 | 0,42 |
| AXA GLOBAL INFLATION BOND -I- -CAP- | LU0227145629 | 0,45 |
| AXA WORLD FUNDS US SHORT DURATION HIGH YIELD -I- | LU1319658008 | 0,93 |
| CREDIT SUISSE LONDON IF2 GLOBAL ROBOTICS EQUITY | LU1202667561 | 3,00 |
| ISHARES CORE 500 -CAP- UCITS ETF | IE00B5BMR087 | 0,07 |
| ISHARES CORE EMERGING MARKETS IMI UCITS ETF | IE00BKM4GZ66 | 0,18 |
| ISHARES STOXX EUR 600 REAL ESTATE UCITS ETF | DE000A0Q4R44 | 0,46 |
| ISHARES US TREASURY 7-10Y BOND -DIS- UCITS ETF | IE00B1FZS798 | 0,07 |
| ISHARES S&P500 INFORMATION TECHNO -CAP- UCITS ETF | IE00B3WJKG14 | 0,15 |
| ROBECO CAP GROWTH GLOBAL CONS TRENDS EQUIT. | LU0554840073 | 1,71 |
| ROBECO EURO GOVT BONDS IH EUR -CAP- | LU0210245469 | 0,43 |
| ROBECO QI GLOBAL DYN DURATION IH EUR -CAP- | LU0239950693 | 0,48 |
| SSGA RUSSEL 2000 US SMALL CAP | IE00BJ38QD84 | 0,30 |
| TIKEHAU CREDIT PLUS -A- -CAP- | FR0010460493 | 1,00 |
| TIKEHAU SHORT DURATION -I -R- -CAP- CHF -H- | LU2122902971 | 0,16 |
| UBS (LUX) EQUIT. CHINA OPPORTUNITY -CAP- | LU2000522420 | 2,45 |
| VONTOBEL EMERGING MARKETS HNHE -CAP- | LU1683488438 | 0,87 |


## NOTE 5 - PERFORMANCE FEE
Quintillia Fund:
Moreover, the Management Company will pay the Investment Adviser, at the sub-fund's expense, at the end of each quarter, a performance fee equivalent to 10% of the sub-fund's outperformance of the benchmark 1 Week EURIBOR index (hereinafter "the Benchmark Index") and compared with the benchmark NAV.
The benchmark NAV corresponds to the highest NAV ever reached by the sub-fund after deduction of the performance fee. Subject to the principle of the High-Water Mark, the benchmark NAV will be maintained until a new benchmark NAV is determined, if any.
The amount of the performance fee will be provisioned whenever the NAV is calculated, based upon the number of shares outstanding on this date.
| In the case of redemptions, the provisioned performance fee will be considered acquired and will be paid to the Investment Advisor. The first benchmark NAV of class A will be the NAV on the Valuation Day of 30 June 2014. The first benchmark NAV of class B is set at EUR 100. As at 30 September 2021, no performance fees were booked. |
| --- |
| PBT - Global Asset Allocation: A performance fee (the “Performance Fee”) equivalent to 10% of the increase in NAV of a given share class compared with the return of three-month EURIBOR + 200 bps (the “Hurdle”) will also be paid to the Manager by the Management company, but for account of the sub-fund. This calculation will be carried out with a high water mark, whereby the performance fee will be due only if the NAV of a given share class exceeds its highest previously recorded level. The performance fee is calculated on gains net of fees. As soon as the performance since the start of the financial year is positive and surpasses its Hurdle on an annual basis (corresponding to a calendar year), a provision of 10% of this outperformance will be set aside when calculating the NAV. In the event that the NAV of a given share class should fall back below its high water mark, a weekly reversal of the provision will be carried out in the amount of 10% of this underperformance up to the amount provisioned since the beginning of the year. In the case of redemption, the proportional part of the provision for performance fee corresponding to the shares redeemed will be considered to have been earned by the Manager in accordance with the crystallisation principle. The performance fee will be paid in full to the Manager after 31 December each year. The auditor will verify the calculation of any performance fees accrued or paid as part of its annual audit. As at 30 September 2021, the performance fee amounts to EUR 159.28. Conviction Shares : Since 1 January 2021, the Manager will be paid a performance fee (the “Performance Fee”) by the Management Company but borne by the sub-fund, equivalent to 10% of the increase in NAV of a given share class compared with the performance of the composite index (60% MSCI World Index (ticker: MSDLWI) and 40% Eurostoxx50 (ticker: SX5E), hereinafter the “Benchmark”). This calculation will be carried out with a high water mark, whereby the performance fee will be due only if the NAV of a given share class exceeds its highest previously recorded level. The performance fee is calculated on gains net of fees. As soon as the performance since the start of the financial year is positive and surpasses its Benchmark on an annual basis (corresponding to a calendar year), a provision of 100% of this outperformance will be set aside when calculating the NAV. In the event that the NAV of a given share class should fall back below its high water mark, a weekly reversal of the provision will be carried out in the amount of 100% of this underperformance up to the amount provisioned since the beginning of the year. In the case of redemption, the proportional part of the provision for the performance fee corresponding to the shares redeemed will be considered to have been earned by the Manager in accordance with the crystallisation principle. The performance fee will be paid in full to the Manager after 31 December each year. The Company’s auditor will verify the calculation of any performance fees accrued or paid as part of its annual audit. As at 30 September 2021, the performance fee amounts to EUR 72,265.11. |


## NOTE 6 - SUBSCRIPTION TAX
The SICAV is governed by Luxembourg tax laws.
In accordance with the legislation and regulations currently in force, the SICAV is subject in Luxembourg to subscription tax at an annual rate of 0.05%, payable quarterly and calculated on the net assets of the SICAV at the end of each quarter. This tax is reduced to 0,01 % a year net assets attributable to the classes of shares for institutional investors.
Tax is not payable on the round lot of net assets invested in UCIs already subject to this tax.
As the SICAV is registered in Belgium, it is subject to a further tax at the annual rate of 0.0925% calculated for 2021 on the basis of the value of the shares distributed in Belgium as recorded at 31 December 2020.

## NOTE 7 - FUTURES
Futures contracts are valued by the broker on each bank business day. Unrealized gains/(losses) arising from futures contracts opened at the closing date are recorded directly in bank accounts. Any change in the margin call not yet transferred to bank accounts at the closing date is reflected in the account "Amounts receivable from/(payable to) futures broker".
As at 30 septembre 2021, the following futures contracts are open with the counterparty Banque Degroof Petercam Luxembourg S.A..
Tactical Fund :
| CCY | Number of contracts | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -250 | EURO STOXX 50 FUTURE Decembre 2021 | 279,375.00 | 10,120,000.00 |
| Total | 279,375.00 | 10,120,000.00 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 644.862,50 with Banque Degroof Petercam Luxembourg
S.A. in favor of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavorable daily price movements in the futures contracts purchased or sold.
Logiver Indiciel Dynamique :
| CCY | Number of contracts | Description | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -222 | STOXX 50 FUTURE Decembre 2021 | 113,220.00 | 7,758,900.00 |
| EUR | -71 | EURO STOXX 50 FUTURE Decembre 2021 | 70,822.50 | 2,874,080.00 |
|  |  | Total | 184,042.50 | 10,632,980.00 |

In respect of these futures contracts, the sub-fund maintained a guarantee deposit of EUR 607.831,39 with Banque Degroof Petercam Luxembourg
S.A. in favor of the counterparty at the end of the financial year. This deposit, in cash, is intended to cover market risks in the event of unfavorable daily price movements in the futures contracts purchased or sold.

## NOTE 8 - FORWARD FOREIGN EXCHANGE CONTRACTS
As at 30 September 2021, the following forward foreign exchange contracts, traded with Banque Degroof Petercam Luxembourg S.A., are outstanding :
Quintillia Fund :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 04/10/2021 | EUR | 55,298.35 | HKD | 500,206.77 | -17.31 | 55,442.72 |
| Total | -17.31 | 55,442.72 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..
Logiver Indiciel Dynamique :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 27/01/2022 | EUR | 16,500,000.00 | USD | 19,364,565.00 | -168,259.85 | 16,708,714.91 |
| Total | -168,259.85 | 16,708,714.91 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..
PBT - Global Asset Allocation :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 14/12/2021 | EUR | 1,749,958.55 | CHF | 1,900,000.00 | -3,378.65 | 1,757,469.22 |
| 13/12/2021 | CHF | 5,400,000.00 | EUR | 4,964,923.73 | 17,801.31 | 4,994,912.52 |
| 14/12/2021 | EUR | 3,480,023.65 | USD | 4,120,000.00 | -61,495.22 | 3,554,942.00 |
|  |  |  |  | Total | -47,072.56 | 10,307,323.74 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..
Conviction Shares :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 17/12/2021 | EUR | 6,982,953.38 | USD | 8,500,000.00 | -339,629.22 | 7,334,225.00 |
| Total | -339,629.22 | 7,334,225.00 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..
Short Term Crossover Bond :
| Maturity | Currency Purchase | Nominal Purchased | Currency Sold | Nominal Sold | +/- Unrealised Value ( IN  EUR) | Commitments ( IN  EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 15/10/2021 | CHF | 1,362,162.00 | EUR | 1,253,138.91 | 6,953.79 | 1,259,977.78 |
| Total | 6,953.79 | 1,259,977.78 |

Under these OTC derivative contracts, there is no collateral held with the counterparty Banque Degroof Petercam Luxembourg S.A..

## NOTE 9 - ABERDEEN - RECOVERING OF TAXES ON DIVIDENDS
This caption includes refunds of withholding taxes unduly levied by foreign tax authorities.

## NOTE 10 - EVENTS OCCURRING DURING THE PERIOD
Due to insufficient net assets in the Global Fund sub-fund, the Board of Directors of the SICAV decided on Board of Directors of the SICAV decided on 16 June 2021 to carry out a compulsory redemption of all outstanding units in the sub-fund, recorded in the outstanding in the sub-fund, which will be reflected in the net asset value as of 16 July 2021.
The COVID-19 (coronavirus) pandemic is seriously threatening the health of the world's population and has severely disrupted people's daily lives for more than one year. This obviously has a major impact on the global economy although finance in its specific sector is not the most disadvantaged sector impacted. Most sectors of the economy are affected and some are being hit extremely hard. Fiscal year 2020 has been marked by some negative impacts on the valuation of equities, bonds, funds and other investments and year 2021 is expected to suffer the same fate according to current forecasts of the evolving pandemic. The current measures and the new proposals taken by health authorities to contain the spread of the virus, while necessary, have and will also have a significant impact on economic activity. It remains to be hoped that although these effects are significant, they will ultimately be temporary. Authorities around the world have taken and continue to take strong and necessary measures to contain the spread of the virus and to support individuals and businesses in these very difficult times. We can hope that vaccination will offer a glimmer of hope for 2021. The Board of Directors is currently not in a position to accurately estimate the consequences of this event, but is closely monitoring the situation.
| OVERALL RISK ASSESSMENT |
| --- |
| Each sub-fund of the investment company with variable capital must ensure that its overall risk on derivatives does not exceed the total net value of its portfolio. Global exposure is a measure designed to limit the leverage generated by each Sub-Fund through the use of financial derivative instruments. In order to calculate global exposure, each Sub-Fund will use the commitment approach, thereby aggregating the market value of the equivalent position of underlying assets. The commitment method entails converting positions on derivatives into equivalent positions on underlying assets and then aggregating the market value of these equivalent positions. |
| TRANSPARENCY OF SECURITIES FINANCING TRANSACTIONS AND REUSE: In accordance with Article 13 and Section A of the Annex to Regulation EU 2015/2365 (hereinafter the "Regulation"), the SICAV must inform investors of its use of securities financing transactions and total return swaps in the annual and semi-annual reports. The portfolio does not contain any assets on loan as of the date of this report. |

Translation (ENFR, 2021-09-30):
# du 1 avril 2021 au 30 septembre 2021
|  |  |  |
| --- | --- | --- |
|  | Notes | Combiné (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 731.675,00 |
| Intérêts sur obligations | 1g | 154.123,80 |
| Intérêts créditeurs |  | 75,38 |
| Récupérations de taxes | 9 | 1.690,70 |
| Autres revenus |  | 296,16 |
| Total Revenus |  | 887.861,04 |
| Charges |  |  |
| Commission de performance | 5 | 72.424,39 |
| Commission de gestion | 4 | 895.069,38 |
| Commission de couverture |  | 750,76 |
| Commission de banque dépositaire |  | 126.871,66 |
| Taxe d'abonnement | 6 | 55.527,99 |
| Frais d'administration |  | 194.900,20 |
| Frais et commissions divers |  | 85.389,76 |
| Frais de transactions |  | 58.199,30 |
| Intérêts débiteurs |  | 28.380,60 |
| Redevance aux autorités étrangères |  | 1.823,24 |
| Total Charges |  | 1.519.337,28 |
| Revenus / Pertes Net(te)s |  | -631.476,24 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 3.962.154,52 |
| - sur devises |  | 112.243,87 |
| - sur changes à terme |  | -469.896,19 |
| - sur futures |  | -2.049.757,50 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 923.268,46 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | 3.346.917,02 |
| - sur devises |  | -789,48 |
| - sur changes à terme |  | -54.456,07 |
| - sur futures |  | 707.572,50 |
| Résultat net des opérations |  | 4.922.512,43 |
| - Souscriptions |  | 5.025.398,79 |
| - Rachats |  | -18.632.419,27 |
| Variations de l'actif net |  | -8.684.508,05 |
| Actif net au début de la période |  | 180.057.069,28 |
| Actif net à la fin de la période |  | 171.382.561,23 |

|  |
| --- |
| Tactical Fund |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Actif |  |  |
| Portefeuille-titres à la valeur d'évaluation | 1a | 25.807.189,18 |
| Avoirs en banque |  | 3.115.661,66 |
| Intérêts à recevoir sur dépôt |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 37.525,70 |
| Dividendes à recevoir sur actions |  | 13.511,52 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 593,73 |
| Gains non réalisés sur changes à terme | 8 | 0,00 |
| Dépôts de garantie sur futures | 7 | 644.862,50 |
| Total Actif |  | 29.619.344,29 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 125.734,75 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 660,44 |
| Intérêts à payer sur dépôt |  | 0,00 |
| Pertes non réalisées sur changes à terme | 8 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Total Exigible |  | 126.395,19 |
| Actif net à la fin de la période |  | 29.492.949,10 |
| Nombre d'actions en circulation (à la fin de la période) |  |  |
| - A |  | 60,114 |
| - B |  | 135.893,056 |
| Valeur Nette d'inventaire par action (à la fin de la période) |  |  |
| - A |  | 197,64 |
| - B |  | 216,94 |

|  |
| --- |
| Quintillia Fund |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Actif |  |  |
| Portefeuille-titres à la valeur d'évaluation | 1a | 2.445.328,01 |
| Avoirs en banque |  | 1.033.085,58 |
| Intérêts à recevoir sur dépôt |  | 41,32 |
| Intérêts à recevoir sur obligations |  | 10.994,04 |
| Dividendes à recevoir sur actions |  | 2.582,55 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Gains non réalisés sur changes à terme | 8 | 0,00 |
| Dépôts de garantie sur futures | 7 | 0,00 |
| Total Actif |  | 3.492.031,50 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 16.486,46 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 60,54 |
| Intérêts à payer sur dépôt |  | 540,00 |
| Pertes non réalisées sur changes à terme | 8 | 17,31 |
| Montants à payer au broker sur futures |  | 0,00 |
| Total Exigible |  | 17.104,31 |
| Actif net à la fin de la période |  | 3.474.927,19 |
| Nombre d'actions en circulation (à la fin de la période) |  |  |
| - A |  | 2.300,000 |
| - B |  | 11.770,000 |
| Valeur Nette d'inventaire par action (à la fin de la période) |  |  |
| - A |  | 999,80 |
| - B |  | 99,86 |

|  |
| --- |
| Logiver Indiciel Dynamique |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Actif |  |  |
| Portefeuille-titres à la valeur d'évaluation | 1a | 84.677.811,47 |
| Avoirs en banque |  | 6.815.354,15 |
| Intérêts à recevoir sur dépôt |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 17.649,93 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Gains non réalisés sur changes à terme | 8 | 0,00 |
| Dépôts de garantie sur futures | 7 | 607.831,39 |
| Total Actif |  | 92.118.646,94 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 130.435,55 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 3.392,39 |
| Intérêts à payer sur dépôt |  | 0,00 |
| Pertes non réalisées sur changes à terme | 8 | 168.259,85 |
| Montants à payer au broker sur futures |  | 70.595,00 |
| Total Exigible |  | 372.682,79 |
| Actif net à la fin de la période |  | 91.745.964,15 |
| Nombre d'actions en circulation (à la fin de la période) |  |  |
| - Instit 1-0,90 |  | 1.668,350 |
| - Retail 1-0,75 |  | 21.327,789 |
| - Retail 2-0,00 |  | 10.509,227 |
| - Retail 3-1,00 |  | 5.002,836 |
| - Retail 4-0,50 |  | 2.128,804 |
| Valeur Nette d'inventaire par action (à la fin de la période) |  |  |
| - Instit 1-0,90 |  | 12.464,26 |
| - Retail 1-0,75 |  | 1.783,72 |
| - Retail 2-0,00 |  | 1.863,86 |
| - Retail 3-1,00 |  | 1.866,21 |
| - Retail 4-0,50 |  | 1.871,66 |

|  |
| --- |
| PBT - Global Asset Allocation |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Actif |  |  |
| Portefeuille-titres à la valeur d'évaluation | 1a | 14.277.967,12 |
| Avoirs en banque |  | 1.774.467,12 |
| Intérêts à recevoir sur dépôt |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 6.429,25 |
| Dividendes à recevoir sur actions |  | 21.366,46 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 161.105,80 |
| Gains non réalisés sur changes à terme | 8 | 0,00 |
| Dépôts de garantie sur futures | 7 | 0,00 |
| Total Actif |  | 16.241.335,75 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 76.185,88 |
| Découverts en banque |  | 95.539,02 |
| Intérêts débiteurs à payer |  | 1.112,26 |
| Intérêts à payer sur dépôt |  | 0,00 |
| Pertes non réalisées sur changes à terme | 8 | 47.072,56 |
| Montants à payer au broker sur futures |  | 0,00 |
| Total Exigible |  | 219.909,72 |
| Actif net à la fin de la période |  | 16.021.426,03 |
| Nombre d'actions en circulation (à la fin de la période) |  |  |
| - A CHF |  | 50.875,000 |
| - A EUR |  | 105.792,873 |
| Valeur Nette d'inventaire par action (à la fin de la période) |  |  |
| - A CHF |  | 104,05 |
| - A EUR |  | 105,29 |

|  |
| --- |
| Conviction Shares |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Actif |  |  |
| Portefeuille-titres à la valeur d'évaluation | 1a | 25.048.179,20 |
| Avoirs en banque |  | 74.586,40 |
| Intérêts à recevoir sur dépôt |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 0,00 |
| Dividendes à recevoir sur actions |  | 11.530,79 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Gains non réalisés sur changes à terme | 8 | 0,00 |
| Dépôts de garantie sur futures | 7 | 0,00 |
| Total Actif |  | 25.134.296,39 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 193.938,16 |
| Découverts en banque |  | 0,00 |
| Intérêts débiteurs à payer |  | 536,59 |
| Intérêts à payer sur dépôt |  | 0,00 |
| Pertes non réalisées sur changes à terme | 8 | 339.629,22 |
| Montants à payer au broker sur futures |  | 0,00 |
| Total Exigible |  | 534.103,97 |
| Actif net à la fin de la période |  | 24.600.192,42 |
| Nombre d'actions en circulation (à la fin de la période) |  |  |
| - A EUR |  | 186.247,000 |
| Valeur Nette d'inventaire par action (à la fin de la période) |  |  |
| - A EUR |  | 132,08 |

|  |
| --- |
| Short Term Crossover Bond |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Actif |  |  |
| Portefeuille-titres à la valeur d'évaluation | 1a | 5.977.612,75 |
| Avoirs en banque |  | 0,00 |
| Intérêts à recevoir sur dépôt |  | 0,00 |
| Intérêts à recevoir sur obligations |  | 84.628,82 |
| Dividendes à recevoir sur actions |  | 0,00 |
| Montants à recevoir sur souscriptions |  | 0,00 |
| Montants à recevoir sur ventes de titres |  | 0,00 |
| Gains non réalisés sur changes à terme | 8 | 6.953,79 |
| Dépôts de garantie sur futures | 7 | 0,00 |
| Total Actif |  | 6.069.195,36 |
| Exigible |  |  |
| Taxes et frais à payer | 3 | 19.378,55 |
| Découverts en banque |  | 2.656,76 |
| Intérêts débiteurs à payer |  | 57,71 |
| Intérêts à payer sur dépôt |  | 0,00 |
| Pertes non réalisées sur changes à terme | 8 | 0,00 |
| Montants à payer au broker sur futures |  | 0,00 |
| Total Exigible |  | 22.093,02 |
| Actif net à la fin de la période |  | 6.047.102,34 |
| Nombre d'actions en circulation (à la fin de la période) |  |  |
| - A |  | 4.389,164 |
| - AH CHF |  | 1.245,000 |
| Valeur Nette d'inventaire par action (à la fin de la période) |  |  |
| - A |  | 1.091,22 |
| - AH CHF |  | 1.092,00 |

|  |
| --- |
| Global Fund |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 56.858,93 |
| Intérêts sur obligations | 1g | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Récupérations de taxes | 9 | 1.240,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 58.098,93 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 4 | 29.681,24 |
| Commission de couverture |  | 0,00 |
| Commission de banque dépositaire |  | 3.566,14 |
| Taxe d'abonnement | 6 | 432,16 |
| Frais d'administration |  | 9.285,26 |
| Frais et commissions divers |  | 17.353,40 |
| Frais de transactions |  | 1.123,26 |
| Intérêts débiteurs |  | 2.037,27 |
| Redevance aux autorités étrangères |  | 0,00 |
| Total Charges |  | 63.478,73 |
| Revenus / Pertes Net(te)s |  | -5.379,80 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 2.264.391,94 |
| - sur devises |  | -10.876,83 |
| - sur changes à terme |  | 1,38 |
| - sur futures |  | -267.500,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 1.980.636,69 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | -1.645.915,09 |
| - sur devises |  | 0,00 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 64.500,00 |
| Résultat net des opérations |  | 399.221,60 |
| - Souscriptions |  | 0,00 |
| - Rachats |  | -11.684.906,31 |
| Variations de l'actif net |  | -11.285.684,71 |
| Actif net au début de la période |  | 11.285.684,71 |
| Actif net à la fin de la période |  | 0,00 |

|  |
| --- |
| Tactical Fund |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 370.622,22 |
| Intérêts sur obligations | 1g | 52.080,18 |
| Intérêts créditeurs |  | 0,00 |
| Récupérations de taxes |  | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 422.702,40 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 4 | 196.936,73 |
| Commission de couverture |  | 0,00 |
| Commission de banque dépositaire |  | 13.485,16 |
| Taxe d'abonnement | 6 | 7.502,03 |
| Frais d'administration |  | 57.222,98 |
| Frais et commissions divers |  | 14.668,25 |
| Frais de transactions |  | 15.477,49 |
| Intérêts débiteurs |  | 5.059,22 |
| Redevance aux autorités étrangères |  | 1.504,26 |
| Total Charges |  | 311.856,12 |
| Revenus / Pertes Net(te)s |  | 110.846,28 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 241.169,90 |
| - sur devises |  | -10.319,98 |
| - sur changes à terme |  | -2.699,03 |
| - sur futures |  | -698.750,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -359.752,83 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | -250.169,81 |
| - sur devises |  | -11.930,65 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 279.375,00 |
| Résultat net des opérations |  | -342.478,29 |
| - Souscriptions |  | 225.975,58 |
| - Rachats |  | -645.567,07 |
| Variations de l'actif net |  | -762.069,78 |
| Actif net au début de la période |  | 30.255.018,88 |
| Actif net à la fin de la période |  | 29.492.949,10 |

|  |
| --- |
| Quintillia Fund |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 27.025,83 |
| Intérêts sur obligations | 1g | 13.761,68 |
| Intérêts créditeurs |  | 67,41 |
| Récupérations de taxes | 9 | 0,00 |
| Autres revenus |  | 296,16 |
| Total Revenus |  | 41.151,08 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 4 | 21.943,46 |
| Commission de couverture |  | 0,00 |
| Commission de banque dépositaire |  | 5.152,55 |
| Taxe d'abonnement | 6 | 759,03 |
| Frais d'administration |  | 13.253,09 |
| Frais et commissions divers |  | 2.028,64 |
| Frais de transactions |  | 1.720,59 |
| Intérêts débiteurs |  | 1.482,87 |
| Redevance aux autorités étrangères |  | 0,00 |
| Total Charges |  | 46.340,23 |
| Revenus / Pertes Net(te)s |  | -5.189,15 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -37.585,48 |
| - sur devises |  | 620,45 |
| - sur changes à terme |  | 0,00 |
| - sur futures |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -42.154,18 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | 23.015,73 |
| - sur devises |  | 8.701,54 |
| - sur changes à terme |  | -17,31 |
| - sur futures |  | 0,00 |
| Résultat net des opérations |  | -10.454,22 |
| - Souscriptions |  | 0,00 |
| - Rachats |  | -183.215,66 |
| Variations de l'actif net |  | -193.669,88 |
| Actif net au début de la période |  | 3.668.597,07 |
| Actif net à la fin de la période |  | 3.474.927,19 |

|  |
| --- |
| Logiver Indiciel Dynamique |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 0,00 |
| Intérêts sur obligations | 1g | 0,00 |
| Intérêts créditeurs |  | 0,00 |
| Récupérations de taxes | 9 | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 0,00 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 4 | 343.202,26 |
| Commission de couverture |  | 0,00 |
| Commission de banque dépositaire |  | 70.332,96 |
| Taxe d'abonnement | 6 | 34.451,99 |
| Frais d'administration |  | 48.724,16 |
| Frais et commissions divers |  | 30.935,91 |
| Frais de transactions |  | 9.207,32 |
| Intérêts débiteurs |  | 9.110,44 |
| Redevance aux autorités étrangères |  | 0,00 |
| Total Charges |  | 545.965,04 |
| Revenus / Pertes Net(te)s |  | -545.965,04 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 950.799,63 |
| - sur devises |  | -992,85 |
| - sur changes à terme |  | -318.951,86 |
| - sur futures |  | -1.083.507,50 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -998.617,62 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | 3.107.009,10 |
| - sur devises |  | 0,00 |
| - sur changes à terme |  | 17.299,01 |
| - sur futures |  | 363.697,50 |
| Résultat net des opérations |  | 2.489.387,99 |
| - Souscriptions |  | 2.330.877,64 |
| - Rachats |  | -4.010.235,28 |
| Variations de l'actif net |  | 810.030,35 |
| Actif net au début de la période |  | 90.935.933,80 |
| Actif net à la fin de la période |  | 91.745.964,15 |

|  |
| --- |
| PBT - Global Asset Allocation |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 87.939,60 |
| Intérêts sur obligations | 1g | 3.630,15 |
| Intérêts créditeurs |  | 0,01 |
| Récupérations de taxes | 9 | 450,70 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 92.020,46 |
| Charges |  |  |
| Commission de performance | 5 | 159,28 |
| Commission de gestion | 4 | 114.815,32 |
| Commission de couverture |  | 0,00 |
| Commission de banque dépositaire |  | 10.101,29 |
| Taxe d'abonnement | 6 | 4.689,05 |
| Frais d'administration |  | 20.282,53 |
| Frais et commissions divers |  | 9.923,91 |
| Frais de transactions |  | 1.456,79 |
| Intérêts débiteurs |  | 7.864,22 |
| Redevance aux autorités étrangères |  | 318,98 |
| Total Charges |  | 169.611,37 |
| Revenus / Pertes Net(te)s |  | -77.590,91 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | -65.830,28 |
| - sur devises |  | 11.984,59 |
| - sur changes à terme |  | 8.402,78 |
| - sur futures |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | -123.033,82 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | 557.475,49 |
| - sur devises |  | 2.078,94 |
| - sur changes à terme |  | -17.187,04 |
| - sur futures |  | 0,00 |
| Résultat net des opérations |  | 419.333,57 |
| - Souscriptions |  | 274.422,00 |
| - Rachats |  | -624.256,89 |
| Variations de l'actif net |  | 69.498,68 |
| Actif net au début de la période |  | 15.951.927,35 |
| Actif net à la fin de la période |  | 16.021.426,03 |

|  |
| --- |
| Conviction Shares |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 189.228,42 |
| Intérêts sur obligations | 1g | 0,00 |
| Intérêts créditeurs |  | 7,96 |
| Récupérations de taxes | 9 | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 189.236,38 |
| Charges |  |  |
| Commission de performance | 5 | 72.265,11 |
| Commission de gestion | 4 | 165.865,68 |
| Commission de couverture |  | 0,00 |
| Commission de banque dépositaire |  | 18.890,71 |
| Taxe d'abonnement | 6 | 6.184,22 |
| Frais d'administration |  | 23.483,09 |
| Frais et commissions divers |  | 8.320,25 |
| Frais de transactions |  | 28.040,12 |
| Intérêts débiteurs |  | 2.299,20 |
| Redevance aux autorités étrangères |  | 0,00 |
| Total Charges |  | 325.348,38 |
| Revenus / Pertes Net(te)s |  | -136.112,00 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 596.360,41 |
| - sur devises |  | 121.833,19 |
| - sur changes à terme |  | -176.148,65 |
| - sur futures |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 405.932,95 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | 1.554.500,25 |
| - sur devises |  | 361,32 |
| - sur changes à terme |  | -61.867,02 |
| - sur futures |  | 0,00 |
| Résultat net des opérations |  | 1.898.927,50 |
| - Souscriptions |  | 2.154.124,58 |
| - Rachats |  | -1.484.238,06 |
| Variations de l'actif net |  | 2.568.814,02 |
| Actif net au début de la période |  | 22.031.378,40 |
| Actif net à la fin de la période |  | 24.600.192,42 |

|  |
| --- |
| Short Term Crossover Bond |
|  |
|  | Notes | Valeur (en EUR) |
|  |
| Revenus |  |  |
| Dividendes sur actions | 1g | 0,00 |
| Intérêts sur obligations | 1g | 84.651,79 |
| Intérêts créditeurs |  | 0,00 |
| Récupérations de taxes | 9 | 0,00 |
| Autres revenus |  | 0,00 |
| Total Revenus |  | 84.651,79 |
| Charges |  |  |
| Commission de performance | 5 | 0,00 |
| Commission de gestion | 4 | 22.624,69 |
| Commission de couverture |  | 750,76 |
| Commission de banque dépositaire |  | 5.342,85 |
| Taxe d'abonnement | 6 | 1.509,51 |
| Frais d'administration |  | 22.649,09 |
| Frais et commissions divers |  | 2.159,40 |
| Frais de transactions |  | 1.173,73 |
| Intérêts débiteurs |  | 527,38 |
| Redevance aux autorités étrangères |  | 0,00 |
| Total Charges |  | 56.737,41 |
| Revenus / Pertes Net(te)s |  | 27.914,38 |
| Plus ou moins-value nette réalisée |  |  |
| - sur investissements | 1b | 12.848,40 |
| - sur devises |  | -4,70 |
| - sur changes à terme |  | 19.499,19 |
| - sur futures |  | 0,00 |
| Bénéfice / (Perte) Net(te) réalisé(e) |  | 60.257,27 |
| Variation de la plus ou moins-value nette non réalisée |  |  |
| - sur investissements | 1e | 1.001,35 |
| - sur devises |  | -0,63 |
| - sur changes à terme |  | 7.316,29 |
| - sur futures |  | 0,00 |
| Résultat net des opérations |  | 68.574,28 |
| - Souscriptions |  | 39.998,99 |
| - Rachats |  | 0,00 |
| Variations de l'actif net |  | 108.573,27 |
| Actif net au début de la période |  | 5.938.529,07 |
| Actif net à la fin de la période |  | 6.047.102,34 |

|  |
| --- |
| Tactical Fund |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| ADECCO S.A. -REG- | 14.700 | CHF | 847.705,86 | 639.343,26 | 2,17% |
| ARYZTA A.G. | 221.000 | CHF | 615.975,32 | 286.189,99 | 0,97% |
| HOLCIM LTD | 10.034 | CHF | 487.871,28 | 418.957,32 | 1,42% |
| Total FRANC SUISSE |  |  | 1.951.552,46 | 1.344.490,57 | 4,56% |
| A2A SpA | 250.000 | EUR | 297.480,00 | 443.875,00 | 1,51% |
| ADMIE CO HLDG S.A. | 232.000 | EUR | 343.325,45 | 546.360,00 | 1,85% |
| AEGON N.V. | 257.403 | EUR | 1.375.841,02 | 1.149.819,20 | 3,90% |
| ALSTOM | 5.000 | EUR | 162.575,00 | 164.250,00 | 0,56% |
| AUDIOVALLEY S.A. | 65.000 | EUR | 215.798,91 | 214.500,00 | 0,73% |
| BANCO BPM SpA | 148.018 | EUR | 728.736,06 | 402.164,91 | 1,36% |
| BANK OF CYPRUS HLDG PLC | 110.751 | EUR | 722.771,23 | 110.751,00 | 0,38% |
| BASTIDE LE CONFORT MEDICAL S.A. | 16.219 | EUR | 335.730,32 | 727.422,15 | 2,47% |
| BIGBEN INTERACTIVE | 10.000 | EUR | 145.000,00 | 161.000,00 | 0,55% |
| BILFINGER SE | 16.530 | EUR | 698.240,54 | 498.875,40 | 1,69% |
| BOLLORE | 75.000 | EUR | 178.785,00 | 375.375,00 | 1,27% |
| CATERING INTERNATIONAL SERVICES | 15.414 | EUR | 200.673,40 | 191.904,30 | 0,65% |
| CIMENTS VICAT | 11.156 | EUR | 711.746,19 | 429.506,00 | 1,46% |
| COIMA RES SpA AZ. | 37.603 | EUR | 262.700,93 | 259.836,73 | 0,88% |
| COMMERZBANK A.G. | 74.440 | EUR | 787.679,26 | 428.402,20 | 1,45% |
| DEUTSCHE BANK -REG- | 60.000 | EUR | 1.451.274,24 | 662.280,00 | 2,25% |
| ELIOR SCA | 40.289 | EUR | 303.459,33 | 278.396,99 | 0,94% |
| EXPERT.AI SpA | 55.000 | EUR | 129.069,28 | 130.350,00 | 0,44% |
| FRAPORT A.G. | 5.000 | EUR | 216.778,00 | 300.600,00 | 1,02% |
| GECINA | 3.500 | EUR | 407.954,50 | 407.925,00 | 1,38% |
| HIGH CO | 108.714 | EUR | 680.120,76 | 610.972,68 | 2,07% |
| INVIBES ADVERTISING N.V. | 8.105 | EUR | 56.735,00 | 132.111,50 | 0,45% |
| LA FRANCAISE DE L'ENERGIE S.A. | 11.317 | EUR | 101.821,37 | 237.657,00 | 0,81% |
| LEONARDO SPA | 40.000 | EUR | 356.431,00 | 284.560,00 | 0,96% |
| MAISONS DU MONDE S.A. | 7.770 | EUR | 240.459,55 | 135.586,50 | 0,46% |
| MAPFRE S.A. | 170.000 | EUR | 261.691,03 | 320.450,00 | 1,09% |
| NEXI SpA | 10.000 | EUR | 160.561,00 | 161.600,00 | 0,55% |
| PIRAEUS FINANCIAL HLDG S.A. | 12.969 | EUR | 256.476,52 | 18.091,76 | 0,06% |
| PROSIEBENSAT.1 MEDIA SE | 37.172 | EUR | 906.129,37 | 589.547,92 | 2,00% |
| RENAULT S.A. | 21.600 | EUR | 1.359.644,32 | 667.332,00 | 2,26% |
| ROYAL DUTCH SHELL PLC -A- | 9.661 | EUR | 267.577,48 | 187.732,55 | 0,64% |
| SAFRAN S.A. | 5.864 | EUR | 495.088,52 | 643.046,24 | 2,18% |
| SAIPEM SpA | 130.000 | EUR | 506.690,00 | 276.770,00 | 0,94% |
| SERVIZI ITALIA SpA | 48.559 | EUR | 190.519,75 | 103.430,67 | 0,35% |
| TECHNIPFMC -REG- | 29.000 | EUR | 247.500,50 | 190.008,00 | 0,64% |
| TOTALENERGIES SE | 20.472 | EUR | 673.777,60 | 846.210,12 | 2,87% |
| VALEO S.A. | 20.000 | EUR | 559.884,94 | 485.000,00 | 1,64% |
| VALLOUREC S.A. | 18.099 | EUR | 137.585,08 | 136.647,45 | 0,46% |
| VILMORIN ET CIE | 12.240 | EUR | 579.762,62 | 627.912,00 | 2,13% |
| Total EURO |  |  | 17.714.075,07 | 14.538.260,27 | 49,29% |

Tactical Fund
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| BT GROUP PLC | 284.399 | GBP | 981.038,35 | 528.729,68 | 1,79% |
| --- | --- | --- | --- | --- | --- |
| CAPITA PLC | 150.000 | GBP | 361.439,85 | 88.930,25 | 0,30% |
| GRAINGER PLC | 66.780 | GBP | 207.893,94 | 236.960,04 | 0,80% |
| GREAT PORTLAND ESTATES PLC REIT | 13.106 | GBP | 96.649,39 | 113.822,69 | 0,39% |
| MITIE GROUPE PLC | 410.031 | GBP | 147.869,80 | 338.691,19 | 1,15% |
| RENEWI PLC | 39.545 | GBP | 220.205,66 | 278.800,19 | 0,95% |
| UNILEVER PLC | 7.000 | GBP | 319.120,75 | 326.159,04 | 1,11% |
| Total LIVRE STERLING |  |  | 2.334.217,74 | 1.912.093,08 | 6,48% |
| ENEA S.A. | 160.000 | PLN | 308.600,32 | 322.607,28 | 1,09% |
| KERNEL HLDG S.A. | 10.600 | PLN | 118.787,11 | 138.416,08 | 0,47% |
| Total ZLOTY POLONAIS |  |  | 427.387,43 | 461.023,36 | 1,56% |
| ACADEMEDIA AB | 80.948 | SEK | 486.534,36 | 479.022,40 | 1,62% |
| ATTENDO AB | 104.381 | SEK | 458.745,63 | 389.762,92 | 1,32% |
| Total COURONNE SUÉDOISE |  |  | 945.279,99 | 868.785,32 | 2,95% |
| BAOZUN INC-SPN ADR | 6.000 | USD | 129.398,85 | 90.754,56 | 0,31% |
| ENEL AMERICAS S.A. -ADR- | 49.947 | USD | 316.557,78 | 252.116,10 | 0,85% |
| IHUMAN INC. -ADR- | 4.000 | USD | 40.167,64 | 16.256,09 | 0,06% |
| JD.COM INC. -ADR- | 4.300 | USD | 255.386,17 | 268.028,82 | 0,91% |
| MTN GROUP LTD -SPONSORED ADR - | 40.000 | USD | 302.695,84 | 320.635,06 | 1,09% |
| TELECOM ARGENTINA -SPONSORED ADR - | 36.000 | USD | 670.590,42 | 153.759,87 | 0,52% |
| Total DOLLAR DES ETATS-UNIS |  |  | 1.714.796,70 | 1.101.550,50 | 3,73% |
| Total Actions Cotées ou Négociées |  |  | 25.087.309,39 | 20.226.203,10 | 68,58% |
| Obligations |  |  |  |  |  |
| AXA FRN 03-PERPETUAL | 180.000 | EUR | 160.200,00 | 166.810,50 | 0,57% |
| AXA FRN 04-PERPETUAL | 250.000 | EUR | 144.750,00 | 231.507,50 | 0,78% |
| BNP PARIBAS S.A. FRN 85-PERPETUAL | 500.000 | EUR | 280.000,00 | 474.875,00 | 1,61% |
| CASINO GUICHARD-PERRACHON FRN 05-PERPETUAL | 850.000 | EUR | 527.015,00 | 356.893,75 | 1,21% |
| ELLAKTOR VALUE PLC 6,375 19-151224 | 200.000 | EUR | 193.450,00 | 197.203,00 | 0,67% |
| ERAMET 4,196 17-280224 | 300.000 | EUR | 295.800,00 | 303.925,50 | 1,03% |
| FF GROUP FINANCE 1,75 14-030719 | 900.000 | EUR | 864.300,00 | 67.437,00 | 0,23% |
| K+S A.G. 2,625 17-060423 | 200.000 | EUR | 192.500,00 | 204.413,00 | 0,69% |
| RALLYE S.A. 5,25 16-010222 | 300.000 | EUR | 299.700,00 | 89.298,00 | 0,30% |
| SELECTA GROUP B.V. 0,00 18-2049 | 300.000 | EUR | 298.650,00 | 150.193,50 | 0,51% |
| VALLOUREC 8,50 21-26 | 112.583 | EUR | 120.616,92 | 115.587,84 | 0,39% |
| WEBUILD SpA 3,625 20-280127 | 300.000 | EUR | 252.720,00 | 312.661,50 | 1,06% |
| Total EURO |  |  | 3.629.701,92 | 2.670.806,09 | 9,06% |

|  |
| --- |
| Tactical Fund |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| MTN INVESTMENTS LTD 4,755 14-111124 | 350.000 | USD | 280.512,94 | 317.509,60 | 1,08% |
| OI S.A. 10,00 18-270725 | 300.000 | USD | 242.498,89 | 243.776,69 | 0,83% |
| Total DOLLAR DES ETATS-UNIS |  |  | 523.011,83 | 561.286,29 | 1,90% |
| Total Obligations |  |  | 4.152.713,75 | 3.232.092,38 | 10,96% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 29.240.023,14 | 23.458.295,48 | 79,54% |
| Fonds d'investissements |  |  |  |  |  |
| ISHARES EURO HIGH YIELD CORPORATE BOND UCITS STF | 4.338 | EUR | 444.045,65 | 443.126,70 | 1,50% |
| ISHARES EURO -INFLATION LINKED- BOND -DIS- UCITS STF | 1.500 | EUR | 337.150,00 | 352.980,00 | 1,20% |
| ISHARES GLOBAL CORPORATE BOND EUR HEDGED -DIS- | 3.500 | EUR | 363.880,00 | 370.055,00 | 1,25% |
| ISHARES III CORE EURO CORPORATE BOND UCITS ETF | 4.100 | EUR | 551.926,00 | 551.696,00 | 1,87% |
| Total EURO |  |  | 1.697.001,65 | 1.717.857,70 | 5,82% |
| Total Fonds d'investissements |  |  | 1.697.001,65 | 1.717.857,70 | 5,82% |
| Autres valeurs mobilières |  |  |  |  |  |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99.373 | EUR | 111.445,84 | 0,00 | 0,00% |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99.373 | EUR | 111.445,83 | 0,00 | 0,00% |
| ASTALDI SpA | 300.279 | EUR | 0,03 | 0,00 | 0,00% |
| BMPS-BANK OF NEW YORK FRN 08-301299 | 5.000.000 | EUR | 1.113.600,00 | 273.350,00 | 0,93% |
| UNICREDIT-MITSUBISHI FRN 09-151250 | 700.000 | EUR | 509.500,00 | 357.686,00 | 1,21% |
| Total EURO |  |  | 1.845.991,70 | 631.036,00 | 2,14% |
| THOMAS COOK GROUP PLC | 388.000 | GBP | 208.152,61 | 0,00 | 0,00% |
| Total LIVRE STERLING |  |  | 208.152,61 | 0,00 | 0,00% |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99.893 | USD | 0,00 | 0,00 | 0,00% |
| ABENGOA ABENEWCO 2 SAU 19-111024 | 99.893 | USD | 0,00 | 0,00 | 0,00% |
| Total DOLLAR DES ETATS-UNIS |  |  | 0,00 | 0,00 | 0,00% |
| Total Autres valeurs mobilières |  |  | 2.054.144,31 | 631.036,00 | 2,14% |
| Total du Portefeuille-Titres |  |  | 32.991.169,10 | 25.807.189,18 | 87,50% |

|  |
| --- |
| Quintillia Fund |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| CAMECO CORP. | 2.000 | CAD | 35.134,49 | 35.486,81 | 1,02% |
| Total DOLLAR CANADIEN |  |  | 35.134,49 | 35.486,81 | 1,02% |
| ALCON S.A. | 625 | CHF | 25.912,90 | 43.769,02 | 1,26% |
| NOVARTIS -REG- | 635 | CHF | 40.599,86 | 45.236,65 | 1,30% |
| ROCHE HLDG A.G. -PARTICIPATION CERTIFICATE- | 220 | CHF | 52.728,29 | 68.601,61 | 1,97% |
| Total FRANC SUISSE |  |  | 119.241,05 | 157.607,28 | 4,54% |
| AIR LIQUIDE | 235 | EUR | 32.857,70 | 32.824,80 | 0,94% |
| BANQUE NATIONALE DE BELGIQUE | 19 | EUR | 49.254,06 | 32.300,00 | 0,93% |
| DANONE | 630 | EUR | 36.596,70 | 37.396,80 | 1,08% |
| FINANCIERE DE TUBIZE | 450 | EUR | 34.875,00 | 39.105,00 | 1,13% |
| K+S A.G. | 2.333 | EUR | 46.536,32 | 31.577,16 | 0,91% |
| KBC GROUP S.A. | 510 | EUR | 34.868,20 | 39.168,00 | 1,13% |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT A.G. | 140 | EUR | 36.974,00 | 33.544,00 | 0,97% |
| SANOFI S.A. | 630 | EUR | 45.454,98 | 52.737,30 | 1,52% |
| TOTALENERGIES SE | 890 | EUR | 35.186,15 | 36.521,15 | 1,05% |
| Total EURO |  |  | 352.603,11 | 335.174,21 | 9,65% |
| BHP GROUP PLC | 1.400 | GBP | 35.299,74 | 30.124,47 | 0,87% |
| Total LIVRE STERLING |  |  | 35.299,74 | 30.124,47 | 0,87% |
| C.P. POKPHAND CO LTD | 500.183 | HKD | 48.969,98 | 53.105,32 | 1,53% |
| CK HUTCHISON HLDG LTD | 5.762 | HKD | 63.170,75 | 33.168,96 | 0,95% |
| Total DOLLAR DE HONG-KONG |  |  | 112.140,73 | 86.274,28 | 2,48% |
| KYOCERA CORP. | 680 | JPY | 29.169,18 | 36.273,21 | 1,04% |
| MITSUBISHI HEAVY INDUSTRIES LTD | 1.830 | JPY | 63.040,17 | 42.853,76 | 1,23% |
| MITSUBISHI UFJ FINANCIAL GROUP INC. | 7.000 | JPY | 32.325,04 | 36.155,35 | 1,04% |
| TOKYO GAS CO LTD | 2.500 | JPY | 46.500,37 | 40.234,16 | 1,16% |
| TREND MICRO INC. | 930 | JPY | 19.890,05 | 44.214,49 | 1,27% |
| Total YEN JAPONAIS |  |  | 190.924,81 | 199.730,97 | 5,75% |
| YARA INTERNATIONAL | 1.100 | NOK | 34.604,45 | 46.878,14 | 1,35% |
| Total COURONNE NORVÉGIENNE |  |  | 34.604,45 | 46.878,14 | 1,35% |
| PETROBRAS -SP ADR - REPR. 4 SHARES | 5.500 | USD | 35.309,92 | 49.149,84 | 1,41% |
| PFIZER INC. | 1.100 | USD | 35.305,63 | 41.223,37 | 1,19% |
| Total DOLLAR DES ETATS-UNIS |  |  | 70.615,55 | 90.373,21 | 2,60% |
| Total Actions Cotées ou Négociées |  |  | 950.563,93 | 981.649,37 | 28,25% |

Quintillia Fund
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| Obligations |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| CIE SAINT GOBAIN 0,625 19-150324 | 100.000 | EUR | 98.433,00 | 102.151,50 | 2,94% |
| LOUIS DREYFUS COMPANY 4,00 17-070222 | 100.000 | EUR | 100.600,00 | 101.531,50 | 2,92% |
| MEDTRONIC GLOBAL HLDG 1,125 19-070327 | 100.000 | EUR | 99.552,00 | 105.326,50 | 3,03% |
| SYNGENTA FINANCE FRN 20-160426 | 200.000 | EUR | 198.402,00 | 220.151,00 | 6,34% |
| Total EURO |  |  | 496.987,00 | 529.160,50 | 15,23% |
| BANK OF AMERICA 3,248 16-211027 | 150.000 | USD | 136.462,89 | 139.503,04 | 4,01% |
| BAXTER INTERNATIONAL INC. 3,50 16-150846 | 100.000 | USD | 88.610,51 | 92.735,57 | 2,67% |
| BNG BANK N.V. 3,125 18-081121 | 200.000 | USD | 175.801,47 | 172.718,35 | 4,97% |
| Total DOLLAR DES ETATS-UNIS |  |  | 400.874,87 | 404.956,96 | 11,65% |
| Total Obligations |  |  | 897.861,87 | 934.117,46 | 26,88% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 1.848.425,80 | 1.915.766,83 | 55,13% |
| Fonds d'investissements |  |  |  |  |  |
| PICTET-ABSOLUTE RETURN FIX HI EUR | 2.200 | EUR | 246.412,00 | 246.950,00 | 7,11% |
| PICTET TOTAL RETURN DIVERS ALPHA P | 2.250 | EUR | 241.767,00 | 247.432,50 | 7,12% |
| Total EURO |  |  | 488.179,00 | 494.382,50 | 14,23% |
| IXIOS GOLD P | 27 | USD | 36.909,45 | 35.178,68 | 1,01% |
| Total DOLLAR DES ETATS-UNIS |  |  | 36.909,45 | 35.178,68 | 1,01% |
| Total Fonds d'investissements |  |  | 525.088,45 | 529.561,18 | 15,24% |
| Total du Portefeuille-Titres |  |  | 2.373.514,25 | 2.445.328,01 | 70,37% |

|  |
| --- |
| Logiver Indiciel Dynamique |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| Fonds d'investissements |  |  |  |  |  |
| DIMENSIONAL EMERGING MARKETS LGE CAP CR -A- | 798.859 | EUR | 11.199.998,97 | 11.551.496,80 | 12,59% |
| DIMENSIONAL EUROPEAN SMALL -B- -CAP- | 63.683 | EUR | 1.880.992,03 | 3.100.739,49 | 3,38% |
| DIMENSIONAL EUROPE VALUE -B- EUR -CAP- | 719.346 | EUR | 6.938.909,23 | 10.020.492,97 | 10,92% |
| DIMENSIONAL GLOBAL SUS CORE EQUIT. -EA- | 109.751 | EUR | 2.418.920,00 | 2.966.579,29 | 3,23% |
| DIMENSIONAL GLOBAL VALUE FUND EUR | 477.069 | EUR | 5.586.800,00 | 7.170.347,45 | 7,82% |
| DIMENSIONAL-GL TARGETED VAL -B- -CAP- | 228.994 | EUR | 4.947.280,32 | 6.585.870,52 | 7,18% |
| DIMENSIONAL II MK TARGET -B- EUR -CAP- | 136.186 | EUR | 2.563.900,00 | 3.102.306,90 | 3,38% |
| DIMENSIONAL US SMALL COMPANIES -B- EUR -CAP- | 101.850 | EUR | 3.119.649,95 | 4.606.682,19 | 5,02% |
| DIMENSION GLOBAL SMALL CO EUR -CAP- | 362.541 | EUR | 7.703.644,38 | 11.057.489,89 | 12,05% |
| VANGUARD EMERGING MARKETS STOCK INDEX -CAP- | 9.075 | EUR | 1.423.718,41 | 1.830.605,96 | 2,00% |
| VANGUARD INV.S.-EUR.STOCK INDEX FUND.EUR | 85.344 | EUR | 1.614.691,41 | 2.193.630,97 | 2,39% |
| VANGUARD INVESTMENT US 500 STOCK INDEX -CAP- | 254.940 | EUR | 6.409.155,34 | 11.057.306,50 | 12,05% |
| VANGUARD JAPAN STOCK INDEX EUR -CAP- | 7.321 | EUR | 1.187.351,88 | 1.834.610,39 | 2,00% |
| Total EURO |  |  | 56.995.011,92 | 77.078.159,32 | 84,01% |
| ISHARES EDGE MSCI USA VALUE FACTOR UCITS STF | 396.931 | USD | 2.196.392,40 | 3.003.225,95 | 3,27% |
| SSGA SPDR MSCI USA VALUE -CAP- | 65.212 | USD | 2.180.327,39 | 3.028.353,11 | 3,30% |
| VANGUARD PACIFIC EX JAPAN STOCK INDEX -CAP- | 6.034 | USD | 1.153.868,05 | 1.568.073,09 | 1,71% |
| Total DOLLAR DES ETATS-UNIS |  |  | 5.530.587,84 | 7.599.652,15 | 8,28% |
| Total Fonds d'investissements |  |  | 62.525.599,76 | 84.677.811,47 | 92,30% |
| Total du Portefeuille-Titres |  |  | 62.525.599,76 | 84.677.811,47 | 92,30% |

|  |
| --- |
| PBT - Global Asset Allocation |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| NESTLE -REG- | 3.270 | CHF | 215.966,26 | 339.216,12 | 2,12% |
| UBS GROUP A.G. | 28.375 | CHF | 388.999,90 | 394.438,94 | 2,46% |
| ZURICH INSURANCE GROUP A.G. | 870 | CHF | 227.442,63 | 309.367,22 | 1,93% |
| Total FRANC SUISSE |  |  | 832.408,79 | 1.043.022,28 | 6,51% |
| BNP PARIBAS S.A. | 9.158 | EUR | 498.932,05 | 506.071,08 | 3,16% |
| DAIMLER A.G. -REG- | 7.870 | EUR | 462.627,45 | 609.138,00 | 3,80% |
| L'OREAL | 1.260 | EUR | 242.401,92 | 457.758,00 | 2,86% |
| LVMH MOET HENNESSY.LOUIS VUITTON SE | 505 | EUR | 191.900,00 | 315.877,50 | 1,97% |
| TOTALENERGIES SE | 10.866 | EUR | 452.312,40 | 445.886,31 | 2,78% |
| VINCI S.A. | 3.385 | EUR | 287.849,80 | 306.748,70 | 1,91% |
| WORLDLINE S.A. | 4.205 | EUR | 308.268,07 | 280.179,15 | 1,75% |
| Total EURO |  |  | 2.444.291,69 | 2.921.658,74 | 18,24% |
| AMAZON.COM INC | 120 | USD | 213.596,33 | 341.039,47 | 2,13% |
| MICROSOFT CORP. | 1.815 | USD | 182.932,83 | 443.769,10 | 2,77% |
| Total DOLLAR DES ETATS-UNIS |  |  | 396.529,16 | 784.808,57 | 4,90% |
| Total Actions Cotées ou Négociées |  |  | 3.673.229,64 | 4.749.489,59 | 29,64% |
| Obligations |  |  |  |  |  |
| VOLKSWAGEN FINANCE SERVICES 1,375 18-161023 | 450.000 | EUR | 437.634,00 | 463.763,25 | 2,89% |
| Total EURO |  |  | 437.634,00 | 463.763,25 | 2,89% |
| AMERICAN EXPRESS FRN 17-010822 | 150.000 | USD | 124.030,05 | 129.622,06 | 0,81% |
| Total DOLLAR DES ETATS-UNIS |  |  | 124.030,05 | 129.622,06 | 0,81% |
| Total Obligations |  |  | 561.664,05 | 593.385,31 | 3,70% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 4.234.893,69 | 5.342.874,90 | 33,35% |
| Fonds d'investissements |  |  |  |  |  |
| TIKEHAU SHORT DURATION -I -R- -CAP- CHF -H- | 7.295 | CHF | 632.562,22 | 689.058,20 | 4,30% |
| Total FRANC SUISSE |  |  | 632.562,22 | 689.058,20 | 4,30% |
| ALLIANZ GLOBAL INVESTMENT EUR EQUIT. GROWTH PT -CAP- | 210 | EUR | 327.824,37 | 533.948,10 | 3,33% |
| AWF GLOBAL INFLATION SHORT DURATION BONDS | 6.100 | EUR | 615.612,00 | 643.001,00 | 4,01% |
| AXA GLOBAL INFLATION BOND -I- -CAP- | 2.312 | EUR | 360.033,78 | 406.518,96 | 2,54% |
| AXA WORLD FUNDS US SHORT DURATION HIGH YIELD -I- | 3.420 | EUR | 342.000,00 | 354.380,40 | 2,21% |
| ISHARES CORE EMERGING MARKETS IMI UCITS ETF | 19.325 | EUR | 550.662,89 | 593.606,03 | 3,71% |
| ISHARES STOXX EUR 600 REAL ESTATE UCITS ETF | 15.002 | EUR | 263.191,59 | 287.288,30 | 1,79% |

PBT - Global Asset Allocation
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| ISHARES US TREASURY 7-10Y BOND -DIS- UCITS ETF | 900 | EUR | 177.104,15 | 163.188,00 | 1,02% |
| --- | --- | --- | --- | --- | --- |
| ROBECO EURO GOVT BONDS IH EUR -CAP- | 1.874 | EUR | 314.916,11 | 342.361,06 | 2,14% |
| ROBECO QI GLOBAL DYN DURATION IH EUR -CAP- | 4.132 | EUR | 630.412,84 | 657.277,24 | 4,10% |
| SSGA RUSSEL 2000 US SMALL CAP | 9.360 | EUR | 402.320,29 | 501.415,20 | 3,13% |
| TIKEHAU CREDIT PLUS -A- -CAP- | 1.765 | EUR | 237.976,70 | 255.695,55 | 1,60% |
| UBS (LUX) EQUIT. CHINA OPPORTUNITY -CAP- | 1.445 | EUR | 210.970,00 | 164.990,10 | 1,03% |
| VONTOBEL EMERGING MARKETS HNHE -CAP- | 5.970 | EUR | 600.343,20 | 621.178,50 | 3,88% |
| Total EURO |  |  | 5.033.367,92 | 5.524.848,44 | 34,48% |
| AGIF CHINA AT | 10.200 | USD | 160.752,10 | 160.523,44 | 1,00% |
| CREDIT SUISSE LONDON IF2 GLOBAL ROBOTICS EQUITY | 140 | USD | 204.555,42 | 341.267,10 | 2,13% |
| ISHARES CORE 500 -CAP- UCITS ETF | 1.820 | USD | 578.061,66 | 697.477,34 | 4,35% |
| ISHARES S&P500 INFORMATION TECHNO -CAP- UCITS ETF | 26.430 | USD | 179.030,18 | 431.417,33 | 2,69% |
| ROBECO CAP GROWTH GLOBAL CONS TRENDS EQUIT. | 1.577 | USD | 480.963,72 | 594.903,24 | 3,71% |
| Total DOLLAR DES ETATS-UNIS |  |  | 1.603.363,08 | 2.225.588,45 | 13,89% |
| Total Fonds d'investissements |  |  | 7.269.293,22 | 8.439.495,09 | 52,68% |
| Autres valeurs mobilières |  |  |  |  |  |
| INVESCO PHYSICAL GOLD ETC | 2.825 | USD | 401.486,59 | 407.619,13 | 2,54% |
| Total DOLLAR DES ETATS-UNIS |  |  | 401.486,59 | 407.619,13 | 2,54% |
| Total Autres valeurs mobilières |  |  | 401.486,59 | 407.619,13 | 2,54% |
| Options |  |  |  |  |  |
| PUT DJ EURO STOXX 50 JUIN 2022 ST 3800 | 43 | EUR | 86.301,00 | 87.978,00 | 0,55% |
| Total EURO |  |  | 86.301,00 | 87.978,00 | 0,55% |
| Total Options |  |  | 86.301,00 | 87.978,00 | 0,55% |
| Total du Portefeuille-Titres |  |  | 11.991.974,50 | 14.277.967,12 | 89,12% |

|  |
| --- |
| Conviction Shares |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Actions Cotées ou Négociées |  |  |  |  |  |
| GIVAUDAN A.G. | 110 | CHF | 413.354,37 | 433.650,91 | 1,76% |
| VAT GROUP | 1.500 | CHF | 331.030,33 | 513.643,51 | 2,09% |
| Total FRANC SUISSE |  |  | 744.384,70 | 947.294,42 | 3,85% |
| AIRBUS GROUP | 2.500 | EUR | 199.213,16 | 287.750,00 | 1,17% |
| AIR LIQUIDE | 1.200 | EUR | 137.581,38 | 166.296,00 | 0,68% |
| AMADEUS IT GROUP S.A. | 19.000 | EUR | 1.014.138,52 | 1.080.720,00 | 4,39% |
| ASML HOLDING NV | 1.800 | EUR | 467.145,87 | 1.162.620,00 | 4,73% |
| GAZTRANSPORT ET TECHNIGAZ S.A. | 9.000 | EUR | 718.380,42 | 582.750,00 | 2,37% |
| KION GROUP AG | 6.000 | EUR | 457.387,69 | 485.160,00 | 1,97% |
| LVMH MOET HENNESSY.LOUIS VUITTON SE | 750 | EUR | 289.974,28 | 465.075,00 | 1,89% |
| ROYAL DUTCH SHELL PLC -A- | 45.000 | EUR | 831.801,57 | 874.440,00 | 3,55% |
| SANOFI S.A. | 3.800 | EUR | 310.267,53 | 315.704,00 | 1,28% |
| SHOP APOTHEKE EUROPE N.V. | 5.000 | EUR | 625.033,18 | 638.500,00 | 2,60% |
| SODEXO | 10.000 | EUR | 771.652,50 | 757.800,00 | 3,08% |
| TELEPERFORMANCE | 2.700 | EUR | 512.975,19 | 918.270,00 | 3,73% |
| THALES S.A. 1,00 20-150528 | 6.000 | EUR | 480.297,16 | 504.960,00 | 2,05% |
| TOTALENERGIES SE | 15.000 | EUR | 587.634,24 | 620.025,00 | 2,52% |
| UMICORE S.A. | 7.000 | EUR | 351.710,00 | 358.680,00 | 1,46% |
| WORLDLINE S.A. | 9.000 | EUR | 555.196,23 | 594.090,00 | 2,41% |
| Total EURO |  |  | 8.310.388,92 | 9.812.840,00 | 39,89% |
| GLENCORE PLC | 235.000 | GBP | 839.335,70 | 961.953,93 | 3,91% |
| Total LIVRE STERLING |  |  | 839.335,70 | 961.953,93 | 3,91% |
| SHIMANO INC. | 2.600 | JPY | 494.386,38 | 661.511,86 | 2,69% |
| Total YEN JAPONAIS |  |  | 494.386,38 | 661.511,86 | 2,69% |
| ACTIVISION BLIZZARD INC. | 7.500 | USD | 490.070,08 | 500.819,71 | 2,04% |
| AKAMAI TECHNOLOGIES INC. | 5.700 | USD | 519.386,36 | 514.399,24 | 2,09% |
| ALBEMARLE CORP. | 5.000 | USD | 645.355,72 | 944.691,32 | 3,84% |
| ALPHABET INC. -C- | 580 | USD | 740.125,18 | 1.333.862,38 | 5,42% |
| AMAZON.COM INC | 400 | USD | 757.411,89 | 1.133.798,70 | 4,61% |
| APPLE INC. | 10.000 | USD | 744.106,81 | 1.220.932,74 | 4,96% |
| BOEING | 3.700 | USD | 570.610,78 | 702.168,34 | 2,85% |
| CISCO SYSTEMS INC. | 6.000 | USD | 255.373,35 | 281.789,55 | 1,15% |
| CLEVELAND CLIFFS NAT RESOURCES INC. | 75.000 | USD | 638.449,25 | 1.281.979,38 | 5,21% |
| JOHNSON & JOHNSON CORP. | 1.600 | USD | 187.671,96 | 222.960,44 | 0,91% |
| MICRON TECHNOLOGY | 7.500 | USD | 305.597,28 | 459.338,19 | 1,87% |
| MICROSOFT CORP. | 6.500 | USD | 935.009,17 | 1.581.155,36 | 6,43% |
| NVIDIA CORP | 8.200 | USD | 465.790,92 | 1.465.733,64 | 5,96% |

Conviction Shares
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
| --- | --- | --- | --- | --- | --- |

| PETROBRAS -SP ADR - REPR. 4 SHARES | 27.000 | USD | 253.932,88 | 240.890,46 | 0,98% |
| --- | --- | --- | --- | --- | --- |
| VISHAY INTERTECHNOL | 45.000 | USD | 847.467,60 | 780.059,54 | 3,17% |
| Total DOLLAR DES ETATS-UNIS |  |  | 8.356.359,23 | 12.664.578,99 | 51,48% |
| Total Actions Cotées ou Négociées |  |  | 18.744.854,93 | 25.048.179,20 | 101,82% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 18.744.854,93 | 25.048.179,20 | 101,82% |
| Total du Portefeuille-Titres |  |  | 18.744.854,93 | 25.048.179,20 | 101,82% |

|  |
| --- |
| Short Term Crossover Bond |
|  |
| Dénomination | Nominal / Quantité | Devise | Valeur d’acquisition (en EUR) | Valeur d’évaluation (en EUR) | % de l'actif net |
|  |
| Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  |  |  |  |
| Obligations |  |  |  |  |  |
| ACCOR 1,25 17-250124 | 200.000 | EUR | 189.500,00 | 208.782,00 | 3,45% |
| AMS A.G. 6,00 20-310725 | 200.000 | EUR | 204.500,00 | 213.964,00 | 3,54% |
| AZIMUT HLDG 2,00 17-280322 | 150.000 | EUR | 148.483,50 | 151.438,50 | 2,50% |
| EDF S.A. FRN 18-PERPETUAL | 200.000 | EUR | 203.900,00 | 213.866,00 | 3,54% |
| EL CORTE INGLES S.A. 3,625 20-150324 | 200.000 | EUR | 203.500,00 | 206.691,00 | 3,42% |
| ENEL SpA FRN 18-241178 | 200.000 | EUR | 198.980,00 | 208.673,00 | 3,45% |
| ENERGIAS DE PORTUGAL FRN 20-200780 | 200.000 | EUR | 182.680,00 | 202.697,00 | 3,35% |
| FERROVIAL NL B.V. FRN 17-PERPETUAL | 200.000 | EUR | 181.700,00 | 200.964,00 | 3,32% |
| FLUOR CORP. 1,75 16-210323 | 200.000 | EUR | 190.800,00 | 204.525,00 | 3,38% |
| FORD MOTOR CREDIT 3,021 19-060324 | 200.000 | EUR | 182.960,00 | 208.827,00 | 3,45% |
| GAZPROM FRN 20-PERPETUAL | 200.000 | EUR | 207.460,00 | 207.579,00 | 3,43% |
| GAZPROM P.J.S.C. 2,95 20-150425 | 200.000 | EUR | 203.420,00 | 212.580,00 | 3,52% |
| GETLINK 3,50 20-301025 | 200.000 | EUR | 203.500,00 | 207.464,00 | 3,43% |
| INEOS FINANCE PLC 2,125 17-151125 | 200.000 | EUR | 195.000,00 | 199.311,00 | 3,30% |
| LEONARDO SpA 4,875 05-240325 | 200.000 | EUR | 221.000,00 | 228.765,00 | 3,78% |
| LOUIS DREYFUS 2,375 20-271125 | 100.000 | EUR | 100.000,00 | 106.643,50 | 1,76% |
| MTU AERO ENGINES A.G. 3,00 20-010725 | 200.000 | EUR | 210.694,00 | 218.090,00 | 3,61% |
| NOKIA CORP. 2,375 20-150525 | 100.000 | EUR | 99.651,00 | 106.404,50 | 1,76% |
| OCI N.V. 3,625 20-151025 | 200.000 | EUR | 208.434,00 | 207.938,00 | 3,44% |
| PPF TELECOM 3,50 20-200524 | 200.000 | EUR | 209.000,00 | 213.538,00 | 3,53% |
| RENAULT S.A. S.A. 2,375 20-250526 | 200.000 | EUR | 204.206,00 | 202.517,00 | 3,35% |
| REPSOL INTERNATIONAL FRN 21-PERPETUAL | 200.000 | EUR | 201.956,00 | 201.011,00 | 3,32% |
| ROLLS-ROYCE 4,625 20-160226 | 200.000 | EUR | 214.440,00 | 222.121,00 | 3,67% |
| SCHAEFFLER FINANCE B.V. 2,75 20-121025 | 200.000 | EUR | 200.110,00 | 213.247,00 | 3,53% |
| SOFTBK GROUP CORP.3,125 17-190925 | 200.000 | EUR | 187.498,00 | 200.524,00 | 3,32% |
| SYNGENTA FINANCE FRN 20-160426 | 200.000 | EUR | 211.210,00 | 220.182,00 | 3,64% |
| TELEFONICA EUROPE FRN 19-PERPETUAL | 200.000 | EUR | 206.490,00 | 217.180,00 | 3,59% |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS B.V. 1,125 16-151024 | 200.000 | EUR | 174.150,00 | 191.308,00 | 3,16% |
| TIKEHAU CAPITAL SCA 3,00 17-271123 | 200.000 | EUR | 200.988,00 | 211.307,00 | 3,49% |
| VOLKSWAGEN INTERNATIONAL FINANCE FRN 14-PERPETUA | 150.000 | EUR | 171.187,50 | 169.475,25 | 2,80% |
| Total EURO |  |  | 5.717.398,00 | 5.977.612,75 | 98,85% |
| Total Obligations |  |  | 5.717.398,00 | 5.977.612,75 | 98,85% |
| Total Valeurs mobilières admises à la cote officielle d'une bourse de valeurs ou négociées sur un autre marché réglementé |  |  | 5.717.398,00 | 5.977.612,75 | 98,85% |
| Total du Portefeuille-Titres |  |  | 5.717.398,00 | 5.977.612,75 | 98,85% |

(Content)
| Tactical Fund | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| FRANCE | 30,05 % |
| ALLEMAGNE | 9,10 % |
| ROYAUME-UNI | 8,43 % |
| ITALIE | 8,05 % |
| IRLANDE | 6,20 % |
| SUISSE | 4,56 % |
| PAYS-BAS | 4,41 % |
| SUÈDE | 2,95 % |
| LUXEMBOURG | 2,84 % |
| GRÈCE | 1,91 % |
| ILES CAYMAN | 1,27 % |
| BELGIQUE | 1,18 % |
| POLOGNE | 1,09 % |
| AFRIQUE DU SUD | 1,09 % |
| ESPAGNE | 1,09 % |
| MAURICE | 1,08 % |
| CHILI | 0,85 % |
| BRÉSIL | 0,83 % |
| ARGENTINE | 0,52 % |
| Total du Portefeuille-Titres | 87,50 % |

(Content)
| Quintillia Fund | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| LUXEMBOURG | 17,26 % |
| PAYS-BAS | 14,23 % |
| FRANCE | 8,54 % |
| ÉTATS-UNIS | 7,87 % |
| JAPON | 5,75 % |
| SUISSE | 4,54 % |
| BELGIQUE | 3,18 % |
| ALLEMAGNE | 1,87 % |
| BERMUDES | 1,53 % |
| BRÉSIL | 1,41 % |
| NORVÈGE | 1,35 % |
| CANADA | 1,02 % |
| ILES CAYMAN | 0,95 % |
| ROYAUME-UNI | 0,87 % |
| Total du Portefeuille-Titres | 70,37 % |

(Content)
| Logiver Indiciel Dynamique | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| IRLANDE | 92,30 % |
| Total du Portefeuille-Titres | 92,30 % |

(Content)
| PBT - Global Asset Allocation | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| LUXEMBOURG | 34,94 % |
| IRLANDE | 17,44 % |
| FRANCE | 16,03 % |
| ALLEMAGNE | 8,49 % |
| SUISSE | 6,51 % |
| ÉTATS-UNIS | 5,71 % |
| Total du Portefeuille-Titres | 89,12 % |

(Content)
| Conviction Shares | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| ÉTATS-UNIS | 50,51 % |
| FRANCE | 20,02 % |
| PAYS-BAS | 8,49 % |
| ESPAGNE | 4,39 % |
| JERSEY | 3,91 % |
| SUISSE | 3,85 % |
| ROYAUME-UNI | 3,55 % |
| JAPON | 2,69 % |
| ALLEMAGNE | 1,97 % |
| BELGIQUE | 1,46 % |
| BRÉSIL | 0,98 % |
| Total du Portefeuille-Titres | 101,82 % |

(Content)
| Short Term Crossover Bond | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| PAYS-BAS | 28,57 % |
| FRANCE | 17,26 % |
| ROYAUME-UNI | 10,40 % |
| ITALIE | 9,74 % |
| ALLEMAGNE | 7,13 % |
| ÉTATS-UNIS | 6,84 % |
| AUTRICHE | 3,54 % |
| RUSSIE | 3,52 % |
| ESPAGNE | 3,42 % |
| PORTUGAL | 3,35 % |
| JAPON | 3,32 % |
| FINLANDE | 1,76 % |
| Total du Portefeuille-Titres | 98,85 % |

| Tactical Fund | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| BANQUES | 8,87 % |
| SERVICES FINANCIERS - HOLDINGS | 8,09 % |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 6,77 % |
| TELECOMMUNICATIONS | 6,41 % |
| PETROLE & DERIVES | 6,36 % |
| COMPAGNIES D'ASSURANCE | 6,34 % |
| MATERIAUX DE CONSTRUCTION | 5,63 % |
| VEHICULES ROUTIERS | 3,91 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 3,89 % |
| SOINS & SERVICE DE SANTE | 3,79 % |
| SOURCES D'ENERGIE | 3,45 % |
| IMMOBILIER | 3,45 % |
| DIFFUSION & EDITION | 3,17 % |
| DISTRIBUTION | 2,52 % |
| SERVICES COMMERCIAUX - PUBLICS | 2,47 % |
| INFORMATIQUE - REPRODUCTION | 2,07 % |
| IT & INTERNET | 1,71 % |
| SERVICES DIVERS | 1,38 % |
| TRANSPORTS AERIENS | 1,27 % |
| METAUX NON-FERREUX | 1,03 % |
| TRANSPORT & CIRCULATION | 1,02 % |
| AERONAUTIQUE & DEFENSE | 0,96 % |
| EQUIPEMENTS & SERVICES PROD. ENERGIE | 0,95 % |
| PRODUITS CHIMIQUES | 0,69 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 0,56 % |
| CONSTRUCTION MECANIQUE | 0,39 % |
| PHARMACIE - COSMETIQUE | 0,35 % |
| Total du Portefeuille-Titres | 87,50 % |

| Quintillia Fund | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 15,23 % |
| PHARMACIE - COSMETIQUE | 11,68 % |
| BANQUES | 11,04 % |
| SERVICES FINANCIERS - HOLDINGS | 8,33 % |
| AGRICULTURE & PECHE | 5,80 % |
| MATERIAUX DE CONSTRUCTION | 2,94 % |
| PETROLE & DERIVES | 2,47 % |
| PRODUCTIONS INDUSTRIELLES INTERMEDIAIRES | 1,89 % |
| PRODUITS CHIMIQUES | 1,85 % |
| IT & INTERNET | 1,27 % |
| SOINS & SERVICE DE SANTE | 1,26 % |
| CONSTRUCTION MECANIQUE | 1,23 % |
| SOURCES D'ENERGIE | 1,16 % |
| TEXTILE & HABILLEMENT | 1,13 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 1,08 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 1,04 % |
| COMPAGNIES D'ASSURANCE | 0,97 % |
| Total du Portefeuille-Titres | 70,37 % |

| Logiver Indiciel Dynamique | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 92,30 % |
| Total du Portefeuille-Titres | 92,30 % |

| PBT - Global Asset Allocation | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| SOCIETES D'INVESTISSEMENT (OPC, FCP) | 53,23 % |
| SERVICES FINANCIERS - HOLDINGS | 7,90 % |
| IT & INTERNET | 4,90 % |
| BANQUES | 3,97 % |
| VEHICULES ROUTIERS | 3,80 % |
| PHARMACIE - COSMETIQUE | 2,86 % |
| PETROLE & DERIVES | 2,78 % |
| ALIMENTATION & PRODUITS D'ENTRETIEN | 2,12 % |
| TEXTILE & HABILLEMENT | 1,97 % |
| COMPAGNIES D'ASSURANCE | 1,93 % |
| MATERIAUX DE CONSTRUCTION | 1,91 % |
| SERVICES DIVERS | 1,75 % |
| Total du Portefeuille-Titres | 89,12 % |

| Conviction Shares | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| IT & INTERNET | 19,55 % |
| SERVICES FINANCIERS - HOLDINGS | 13,19 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 12,55 % |
| PETROLE & DERIVES | 9,42 % |
| TELECOMMUNICATIONS | 8,70 % |
| METAUX NON-FERREUX | 6,67 % |
| PRODUITS CHIMIQUES | 6,28 % |
| AERONAUTIQUE & DEFENSE | 6,08 % |
| MATERIAUX DE CONSTRUCTION | 3,91 % |
| MATERIEL ELECTRIQUE - ELECTRONIQUE | 3,17 % |
| VEHICULES ROUTIERS | 2,69 % |
| SERVICES DIVERS | 2,41 % |
| PHARMACIE - COSMETIQUE | 2,19 % |
| CONSTRUCTION MECANIQUE | 1,97 % |
| TEXTILE & HABILLEMENT | 1,89 % |
| INFORMATIQUE - REPRODUCTION | 1,15 % |
| Total du Portefeuille-Titres | 101,82 % |

| Short Term Crossover Bond | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| SERVICES FINANCIERS - HOLDINGS | 32,64 % |
| VEHICULES ROUTIERS | 13,63 % |
| AERONAUTIQUE & DEFENSE | 11,06 % |
| SOURCES D'ENERGIE | 10,34 % |
| TELECOMMUNICATIONS | 5,35 % |
| COMPOSANTS & INSTRUMENTS ELECTRONIQUES | 3,54 % |
| PETROLE & DERIVES | 3,52 % |
| LOISIRS & TOURISME | 3,45 % |
| PRODUITS CHIMIQUES | 3,44 % |
| DISTRIBUTION | 3,42 % |
| MATERIAUX DE CONSTRUCTION | 3,38 % |
| IT & INTERNET | 3,32 % |
| AGRICULTURE & PECHE | 1,76 % |
| Total du Portefeuille-Titres | 98,85 % |

| Tactical Fund | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| EURO | 66,31 % |
| LIVRE STERLING | 6,48 % |
| DOLLAR DES ETATS-UNIS | 5,64 % |
| FRANC SUISSE | 4,56 % |
| COURONNE SUÉDOISE | 2,95 % |
| ZLOTY POLONAIS | 1,56 % |
| Total du Portefeuille-Titres | 87,50 % |

| Quintillia Fund | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| EURO | 39,09 % |
| DOLLAR DES ETATS-UNIS | 15,27 % |
| YEN JAPONAIS | 5,75 % |
| FRANC SUISSE | 4,54 % |
| DOLLAR DE HONG-KONG | 2,48 % |
| COURONNE NORVÉGIENNE | 1,35 % |
| DOLLAR CANADIEN | 1,02 % |
| LIVRE STERLING | 0,87 % |
| Total du Portefeuille-Titres | 70,37 % |

| Logiver Indiciel Dynamique | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| EURO | 84,02 % |
| DOLLAR DES ETATS-UNIS | 8,28 % |
| Total du Portefeuille-Titres | 92,30 % |

| PBT - Global Asset Allocation | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| EURO | 56,17 % |
| DOLLAR DES ETATS-UNIS | 22,14 % |
| FRANC SUISSE | 10,81 % |
| Total du Portefeuille-Titres | 89,12 % |

| Conviction Shares | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| DOLLAR DES ETATS-UNIS | 51,48 % |
| EURO | 39,89 % |
| LIVRE STERLING | 3,91 % |
| FRANC SUISSE | 3,85 % |
| YEN JAPONAIS | 2,69 % |
| Total du Portefeuille-Titres | 101,82 % |

| Short Term Crossover Bond | %  DE L ' ACTIF NET |
| --- | --- |
|  |
| EURO | 98,85 % |
| Total du Portefeuille-Titres | 98,85 % |

| Global Fund |
| --- |
|  |
| Actions en circulation au début de la période | - CAP | 11.865,039 0,000 11.865,039 |
| Actions émises au cours de la période | - CAP |
| Actions remboursées au cours de la période | - CAP |
| Actions en circulation à la fin de la période | - CAP | 0,000 |

Tactical Fund
| Actions en circulation au début de la période	- A | 67,089 |
| --- | --- |
| - B | 137.816,056 |
| Actions émises au cours de la période	- A | 24,945 |
| - B | 1.000,000 |
| Actions remboursées au cours de la période	- A | 31,920 |
| - B | 2.923,000 |
| Actions en circulation à la fin de la période	- A | 60,114 |
| - B | 135.893,056 |

Quintillia Fund
| Actions en circulation au début de la période	- A | 2.360,000 |
| --- | --- |
| - B | 13.003,000 |
| Actions émises au cours de la période	- A | 0,000 |
| - B | 0,000 |
| Actions remboursées au cours de la période	- A | 60,000 |
| - B | 1.233,000 |
| Actions en circulation à la fin de la période	- A | 2.300,000 |
| - B | 11.770,000 |

Logiver Indiciel Dynamique
| Actions en circulation au début de la période	- Instit 1-0,90 | 1.751,750 |
| --- | --- |
| - Retail 1-0,75 | 21.557,878 |
| - Retail 2-0,00 | 10.675,676 |
| - Retail 3-1,00 | 4.980,738 |
| - Retail 4-0,50 | 2.106,917 |
| Actions émises au cours de la période	- Instit 1-0,90 | 28,050 |
| - Retail 1-0,75 | 529,041 |
| - Retail 2-0,00 | 205,159 |
| - Retail 3-1,00 | 340,122 |
| - Retail 4-0,50 | 21,887 |
| Actions remboursées au cours de la période	- Instit 1-0,90 | 111,450 |
| - Retail 1-0,75 | 759,130 |
| - Retail 2-0,00 | 371,608 |
| - Retail 3-1,00 | 318,024 |
| - Retail 4-0,50 | 0,000 |
| Actions en circulation à la fin de la période	- Instit 1-0,90 | 1.668,350 |
| - Retail 1-0,75 | 21.327,789 |
| - Retail 2-0,00 | 10.509,227 |
| - Retail 3-1,00 | 5.002,836 |
| - Retail 4-0,50 | 2.128,804 |

PBT - Global Asset Allocation
| Actions en circulation au début de la période	- A CHF | 50.875,000 |
| --- | --- |
| - A EUR | 109.055,194 |
| Actions émises au cours de la période	- A CHF | 0,000 |
| - A EUR | 2.600,000 |
| Actions remboursées au cours de la période	- A CHF | 0,000 |
| - A EUR | 5.862,321 |
| Actions en circulation à la fin de la période	- A CHF | 50.875,000 |
| - A EUR | 105.792,873 |

| Conviction Shares |
| --- |
|  |
| Actions en circulation au début de la période | - A EUR | 180.861,000 16.607,000 11.221,000 |
| Actions émises au cours de la période | - A EUR |
| Actions remboursées au cours de la période | - A EUR |
| Actions en circulation à la fin de la période | - A EUR | 186.247,000 |

Short Term Crossover Bond
| Actions en circulation au début de la période	- A | 4.352,286 |
| --- | --- |
| - AH CHF | 1.245,000 |
| Actions émises au cours de la période	- A | 36,878 |
| - AH CHF | 0,000 |
| Actions remboursées au cours de la période	- A | 0,000 |
| - AH CHF | 0,000 |
| Actions en circulation à la fin de la période	- A | 4.389,164 |
| - AH CHF | 1.245,000 |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| Global Fund* (EUR) | 31.03.2019 31.03.2020 31.03.2021 16.07.2021 | 26.383.466,21 27.252.922,45 11.275.684,71 1.736.876,11 | - CAP | 32.857,958 | 802,96 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - CAP | 31.058,772 | 877,46 | EUR |
| - CAP | 11.865,039 | 950,33 | EUR |
| - CAP | 1.744,039 | 995,89 | EUR |

*Fonds clôturé
| Tactical Fund (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 29.052.366,44 22.327.761,11 30.255.018,88 29.492.949,10 | - A | 289,872 | 176,79 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 151.912,540 | 190,91 | EUR |
| - A | 70,709 | 140,76 | EUR |
| - B | 145.865,540 | 153,00 | EUR |
| - A | 67,089 | 200,57 | EUR |
| - B | 137.816,056 | 219,43 | EUR |
| - A | 60,114 | 197,64 | EUR |
| - B | 135.893,056 | 216,94 | EUR |

| Quintillia Fund (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 5.123.687,80 5.127.772,29 3.668.597,07 3.474.927,19 | - A | 3.970,000 | 1.053,18 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - B | 8.995,158 | 104,79 | EUR |
| - A | 3.940,000 | 991,58 | EUR |
| - B | 12.355,158 | 98,82 | EUR |
| - A | 2.360,000 | 1.002,96 | EUR |
| - B | 13.003,000 | 100,10 | EUR |
| - A | 2.300,000 | 999,80 | EUR |
| - B | 11.770,000 | 99,86 | EUR |

| Compartiment | Date d’Evaluation | Actif Net Total | Classe d'actions | Actions en Circulation | Valeur de l’Action | Devise |
| --- | --- | --- | --- | --- | --- | --- |

| Logiver Indiciel Dynamique (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 73.451.818,59 62.698.240,39 90.935.933,80 91.745.964,15 | - Instit 1-0,90 | 898,120 | 10.204,60 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - Retail 1-0,75 | 22.890,675 | 1.456,78 | EUR |
| - Retail 2-0,00 | 12.708,777 | 1.493,94 | EUR |
| - Retail 3-1,00 | 4.809,336 | 1.533,73 | EUR |
| - Retail 4-0,50 | 3.013,687 | 1.519,03 | EUR |
| - Instit 1-0,90 | 1.183,460 | 8.798,98 | EUR |
| - Retail 1-0,75 | 22.279,145 | 1.257,09 | EUR |
| - Retail 2-0,00 | 11.863,050 | 1.298,88 | EUR |
| - Retail 3-1,00 | 4.484,169 | 1.320,18 | EUR |
| - Retail 4-0,50 | 2.244,547 | 1.314,13 | EUR |
| - Instit 1-0,90 | 1.751,750 | 12.146,28 | EUR |
| - Retail 1-0,75 | 21.557,878 | 1.737,25 | EUR |
| - Retail 2-0,00 | 10.675,676 | 1.808,50 | EUR |
| - Retail 3-1,00 | 4.980,738 | 1.819,88 | EUR |
| - Retail 4-0,50 | 2.106,917 | 1.820,63 | EUR |
| - Instit 1-0,90 | 1.668,350 | 12.464,26 | EUR |
| - Retail 1-0,75 | 21.327,789 | 1.783,72 | EUR |
| - Retail 2-0,00 | 10.509,227 | 1.863,86 | EUR |
| - Retail 3-1,00 | 5.002,836 | 1.866,21 | EUR |
| - Retail 4-0,50 | 2.128,804 | 1.871,66 | EUR |

| PBT - Global Asset Allocation (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 11.918.712,16 11.172.885,60 15.951.927,35 16.021.426,03 | - A CHF | 49.625,000 | 95,21 | CHF |
| --- | --- | --- | --- | --- | --- | --- |
| - A EUR | 80.411,852 | 95,68 | EUR |
| - A CHF | 52.275,000 | 85,96 | CHF |
| - A EUR | 80.010,314 | 86,74 | EUR |
| - A CHF | 50.875,000 | 102,14 | CHF |
| - A EUR | 109.055,194 | 103,20 | EUR |
| - A CHF | 50.875,000 | 104,05 | CHF |
| - A EUR | 105.792,873 | 105,29 | EUR |

| Conviction Shares (EUR) | 31.03.2019 31.03.2020 31.03.2021 30.09.2021 | 11.100.377,23 8.852.292,12 22.031.378,40 24.600.192,42 | - A EUR | 121.471,000 | 91,38 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - A EUR | 104.198,000 | 84,96 | EUR |
| - A EUR | 180.861,000 | 121,81 | EUR |
| - A EUR | 186.247,000 | 132,08 | EUR |

| Short Term Crossover Bond (EUR) | 27.04.2020* 31.03.2021 30.09.2021 | 4.175.000,00 5.938.529,07 6.047.102,34 | - A | 4.175,000 | 1.000,00 | EUR |
| --- | --- | --- | --- | --- | --- | --- |
| - A | 4.352,286 | 1.083,52 | EUR |
| - AH CHF | 1.245,000 | 1.086,37 | CHF |
| - A | 4.389,164 | 1.091,22 | EUR |
| - AH CHF | 1.245,000 | 1.092,00 | CHF |

*Première VNI officielle
| NOTE 1 - PRINCIPES ET MÉTHODES COMPTABLES |
| --- |
| Les états financiers de la SICAV ont été préparés sur base de continuité d'exploitation et conformément aux normes et principes comptables communément acceptés au Luxembourg sur la base des valeurs nettes d'inventaire officielles calculées à la clôture de l'exercice. |
| a) Evaluation du portefeuille-titres et des instruments dérivés |
| Les titres cotés à une bourse officielle sont évalués sur la base du dernier cours de clôture connu au 30 septembre 2021 et, s’il y a plusieurs marchés, au cours du marché principal du titre en question. Les titres et produits dérivés cotés sur d’autres marchés réglementés sont évalués sur la base du cours de clôture et, s’il y a plusieurs marchés, au cours du marché principal du titre en question. Les titres non cotés en bourse ou dont le cours n’est pas représentatif sont évalués à leur dernière valeur marchande connue ou, en l’absence de valeur marchande, à la valeur marchande probable de réalisation selon les critères d’évaluation jugés prudents par le Conseil d’Administration. Les parts des organismes de placement collectif sont évaluées à la dernière valeur nette disponible. Les produits dérivés (futures) cotés à une bourse officielle sont évalués sur la base du dernier cours de clôture disponible au 30 septembre 2021 et, s'il y a plusieurs marchés, sur base du dernier cours de clôture du marché principal du titre en question. Si le dernier cours de clôture connu au jour d'évaluation donné n'est pas représentatif, l'évaluation se basera sur la valeur probable de réalisation estimée avec prudence et bonne foi. Les contrats de change sont évalués sur base des taux "forward" de clôture. |
| b) Plus ou moins-values nettes réalisées sur investissements |
| Les plus ou moins-values nettes réalisées sur ventes de titres sont calculées sur base du coût moyen des titres vendus. Le montant des plus ou moins-values nettes réalisées imputable à la variation des cours de change est enregistré dans le compte de "Plus ou moins-value nette réalisée sur devises" lors de l’opération de vente. |
| c) Conversion des devises étrangères |
| Les avoirs en banque, les autres actifs nets ainsi que la valeur boursière des titres en portefeuille en autres devises que la devise du compartiment concerné sont convertis en la devise du compartiment au taux de change en vigueur à Luxembourg à la date de la clôture. Les revenus et frais en devises autres que la devise du compartiment sont convertis dans la devise du compartiment aux cours de change en vigueur à la date du paiement. |
| d) Coût d'acquisition des titres en portefeuille |
| Pour les titres libellés en devises autres que la devise la SICAV, le coût d'acquisition est calculé sur base du cours de change en vigueur au jour de l'achat. |

- Variation des plus ou moins-values nettes non réaliséesLa variation des plus ou moins-values nettes non réalisées à la fin de l’exercice figure également dans les résultats des opérations.
- Variation du portefeuille-titresLe tableau des variations du portefeuille-titres des compartiments est disponible sans frais au siège social de la SICAV.
- Revenus, dépenses et provisions y relativesLes intérêts sont comptabilisés chaque jour et les dividendes sont enregistrés à l’ "ex-date". Les intérêts et revenus sont comptabilisés nets des précomptes mobiliers non recouvrables.

Lorsque la SICAV fait face à des frais concernant un compartiment en particulier, ces derniers sont alloués à ce compartiment. Les dépenses non attribuables à un compartiment en particulier sont réparties entre les différents compartiments au prorata de la valeur nette d’inventaire de chaque compartiment.
- Etats financiers combinésLes actifs nets des différents compartiments de la SICAV sont exprimés dans leur devise de référence. Les états financiers combinés de la SICAV sont établis en EUR et sont égaux à la somme des rubriques correspondantes dans les états financiers de chaque compartiment, converties dans cette devise aux cours de change en vigueur à la date des états financiers (Note 2).

NOTE 2 - TAUX DE CHANGE
| 1  EUR	= | 1,08110 | CHF |
| --- | --- | --- |

NOTE 3 - TAXES ET FRAIS À PAYER
| Commission de performance | 81.135,94 | EUR |
| --- | --- | --- |
| Commission de gestion | 340.650,12 | EUR |
| Commission de couverture | 286.932,89 | EUR |
| Commission de banque dépositaire | 60.140,16 | EUR |
| Taxe d'abonnement | 18.595,09 | EUR |
| Frais et commissions divers | 61.638,04 | EUR |
| Total | 562.159,35 | EUR |

NOTE 4 - COMMISSIONS DE GESTION, DE CONSEIL ET DE DISTRIBUTION
Pour le compartiment Global Fund (jusq'au 16 juillet 2021):
La Société paie à la charge du compartiment, à la Société de Gestion une rémunération consistant en une commission de gestion au taux annuel de 0,075% p.a. avec un minimum annuel de 7.500 EUR complétée par une commission de gestion aux taux annuel de 1,175%.
| La Société de Gestion paie, à la charge du compartiment, à Mune Dos Pte. Ltd., conseiller en investissements, une rémunération consistant en une commission annuelle fixée à 1,25% maximum par an. Ces commissions sont payables trimestriellement et calculées sur la valeur nette moyenne des actions du compartiment. Pour le compartiment Tactical Fund: La Société paie à la Société de Gestion une rémunération consistant en une commission de gestion au taux annuel de 0,075% p.a. avec un minimum annuel de 7.500 EUR (applicable à la classe A et à la classe B), complétée par une commission de gestion aux taux annuel de 1,925% pour la classe A et de 1,225% pour la classe B. La commission est payable trimestriellement et est calculée sur la valeur nette moyenne des actions de chaque classe du compartiment. Cette commission de gestion peut être utilisée pour rémunérer des prestations de distribution ou de promotion. La Société de Gestion a nommé à sa propre charge LESBROUSSARTS SERVICES en qualité de conseiller en investissement pour ce compartiment. |
| --- |
| Pour Le compartiment Quintillia Fund: La Société paie à la Société de Gestion une rémunération consistant en une commission de gestion au taux annuel de 0,10% p.a. avec un minimum annuel de 10.000 EUR (applicable à la classe A et à la classe B), complétée par une commission de gestion aux taux annuel de 1,00% pour la classe A, et 0,85% pour la classe B. La Société de Gestion paie au conseiller en investissements, IBEB S.A., une rémunération consistant en une commission annuelle fixée à : - 1% maximum pour la classe A;
- 0,85% maximum pour la classe B.
 Ces commissions sont payables trimestriellement et calculées sur la valeur nette moyenne des actions du compartiment. Pour le compartiment Logiver Indiciel Dynamique: La SICAV paie, à la charge du compartiment, à la Société de Gestion une rémunération prélevée sur les actifs du compartiment et consistant en une commission annuelle au taux unique de 0,10% (avec un minimum annuel de 15.000 EUR) payable au terme de chaque trimestre, et appliqué sur les actifs nets moyens du compartiment au cours du trimestre échu. La Société de Gestion paie, à la charge du compartiment, au gestionnaire en investissements, LOGIVER S.A., une rémunération prélevée sur les actifs du compartiment et consistant en une commission annuelle au taux unique de : - 0,75% pour la classe Retail 1 - 0,75;
- 0,90% pour la classe Instit 1 - 0,90;
- 0,00% pour la classe Retail 2 - 0,00;
- 0,50% pour la classe Instit 2 - 0,50;
- 1,00% pour la classe Retail 3 - 1,00;
- 0,50% pour la classe Retail 4 - 0,50;
- 1,00% pour la classe Retail 5 - 1,00.
 payable mensuellement, et appliqué sur les actifs nets moyens du compartiment au cours du mois échu. LOGIVER S.A. a nommé à sa propre charge ARCHE WEALTH MANAGEMENT en qualité de conseiller en investissement pour ce compartiment. |

Pour le compartiment PBT - Global Asset Allocation:
La SICAV paie, à la charge du compartiment, à la Société de Gestion une rémunération prélevée sur les actifs du compartiment et consistant en une commission annuelle au taux unique de 0,10% (avec un minimum annuel de 15.000 EUR) payable au terme de chaque trimestre, et appliqué sur les actifs nets moyens du compartiment au cours du trimestre échu.
La Société de Gestion paie au Gestionnaire en Investissements, BCB & PARTNERS S.A., à la charge du compartiment, une rémunération consistant en une commission de gestion au taux annuel maximal de 1,30% pour les classes A-EUR et A-CHF.
La commission de gestion est payable trimestriellement et est calculée sur la valeur nette moyenne des actions du compartiment. Cette commission de gestion peut être utilisée pour rémunérer des prestations de distribution ou de promotion.
Aucune commission additionnelle ne sera payée au titre de la couverture du risque de change appliquée à la classe A-CHF.
Le Gestionnaire bénéficie de l’assistance de deux Conseillers en Investissements :
- THRIVING FINANCE et
- PRIVASWISS MANAGEMENT S.A.

BCB & PARTNERS S.A. a nommé à sa propre charge THRIVING FINANCE et PRIVASWISS MANAGEMENT
S.A. en qualité de Conseillers en Investissements pour ce compartiment.
Pour le compartiment Conviction Shares:
La SICAV paie, à la charge du compartiment, à la Société de Gestion une rémunération prélevée sur les actifs du compartiment et consistant en une commission annuelle au taux unique de 0,10% (avec un minimum annuel de 15.000 EUR) payable au terme de chaque trimestre, et appliqué sur les actifs nets moyens du compartiment au cours du trimestre échu.
La Société de Gestion paie au gestionnaire en investissements, PRIVALUX MANAGEMENT S.A., à la charge du compartiment, une rémunération consistant en une commission de gestion au taux annuel maximal de 1,25%.
La commission de gestion est payable trimestriellement et est calculée sur la valeur nette moyenne des actions du compartiment. Cette commission de gestion peut être utilisée pour rémunérer des prestations de distribution ou de promotion.
Pour le compartiment Short Term Crossover Bond
La Société paie à la Société de Gestion une rémunération consistant en une commission de gestion au taux annuel de 0,20% p.a. avec un minimum annuel d’EURO 15.000 complétée par une commission de gestion aux taux annuel de:
- 0,50% pour chacune des classes A, AH-CHF, AH-USD.
- 0,30% pour chacune des classes B, BH-CHF, BH-USD.

La Société de Gestion est par ailleurs en charge de la gestion de la politique de couverture qui s’appliquera aux classes du compartiment libellées en USD et en CHF. A cet effet une convention de couverture contre le risque de change a été conclue entre la Société de Gestion et la Société pour une durée indéterminée.
Aux termes de cette convention et en rémunération de ces prestations, la Société de Gestion perçoit de la Société, à la charge des classes AH-CHF, AH-USD, BH-CHF et BH-USD du compartiment, une commission mensuelle de 0,01% par mois, et calculée sur la valeur de l’actif net moyen au cours du mois sous revue de ces Classes. Cette commission est payable trimestriellement.
Ces commissions sont payables trimestriellement et calculées sur la valeur nette moyenne des actions de chaque classe du compartiment. Cette commission de gestion peut être utilisée pour rémunérer des prestations de distribution ou de promotion.
La Société de Gestion a nommé à sa propre charge HERAVEST SA en qualité de conseiller en investissement pour ce Compartiment.
Il faut signaler que l’activité d’un OPC ou d’un compartiment qui investit dans d’autres OPC peut entraîner une redondance de certains frais. En sus des frais à la charge du compartiment dans le cadre de sa gestion quotidienne, des frais généraux et des commissions de gestion seront indirectement imputés sur les actifs du compartiment via les OPC cibles qu’il détient. Les commissions de gestion cumulées ne pourront excéder 5%. Lorsque le compartiment investira dans des OPC gérés, de façon directe ou par délégation, par la Société de Gestion ou par toute autre société à laquelle la Société de Gestion est liée dans le cadre d’une communauté de gestion ou de contrôle ou par une importante participation directe ou indirecte, aucune commission d’entrée ou de sortie se rattachant à l’OPC dont les actions/parts sont acquises ne pourra être imputée au compartiment.
Pour le compartiment Logiver Indiciel Dynamique:
| Fonds d'investissements | ISIN | Commission de gestion des sous-jacents |
| --- | --- | --- |
| DIMENSION GLOBAL SMALL CO EUR -CAP- | IE00B67WB637 | 0,43 |
| DIMENSIONAL EMERGING MARKETS LGE CAP CR -A- | IE00BWGCG836 | 0,36 |
| DIMENSIONAL EUROPE VALUE -B- EUR -CAP- | IE00B1W6CW87 | 0,39 |
| DIMENSIONAL EUROPEAN SMALL -B- -CAP- | IE0032769055 | 0,54 |
| DIMENSIONAL GLOBAL SUS CORE EQUIT. -EA- | IE00B7T1D258 | 0,28 |
| DIMENSIONAL GLOBAL VALUE FUND EUR | IE00B60LX167 | 0,36 |
| DIMENSIONAL II MK TARGET -B- EUR -CAP- | IE00B1W6DP85 | 0,73 |
| DIMENSIONAL US SMALL COMPANIES -B- EUR -CAP- | IE0032768974 | 0,41 |
| DIMENSIONAL-GL TARGETED VAL -B- -CAP- | IE00B2PC0716 | 0,49 |
| ISHARES EDGE MSCI USA VALUE FACTOR UCITS STF | IE00BD1F4M44 | 0,20 |
| SSGA SPDR MSCI USA VALUE -CAP- | IE00BSPLC520 | 0,20 |
| VANGUARD EMERGING MARKETS STOCK INDEX -CAP- | IE0031786142 | 0,23 |
| VANGUARD INV.S.-EUR.STOCK INDEX FUND.EUR | IE0007987708 | 0,12 |
| VANGUARD INVESTMENT US 500 STOCK INDEX -CAP- | IE0032126645 | 0,10 |
| VANGUARD JAPAN STOCK INDEX EUR -CAP- | IE0007286036 | 0,16 |
| VANGUARD PACIFIC EX JAPAN STOCK INDEX -CAP- | IE0007218849 | 0,16 |

Pour le compartiment PBT - Global Asset Allocation:
| Fonds d'investissements | ISIN | Commission de gestion des sous-jacents |
| --- | --- | --- |
| AGIF ALLIANZ CHINA -A- SHRS-AT USD | LU1997245177 | 2,30 |
| ALLIANZ GLOBAL INVESTMENT EUR EQUIT. GROWTH PT -CAP- | LU0256881631 | 0,99 |
| AWF GLOBAL INFLATION SHORT DURATION BONDS | LU1353952267 | 0,42 |
| AXA GLOBAL INFLATION BOND -I- -CAP- | LU0227145629 | 0,45 |
| AXA WORLD FUNDS US SHORT DURATION HIGH YIELD -I- | LU1319658008 | 0,93 |
| CREDIT SUISSE LONDON IF2 GLOBAL ROBOTICS EQUITY | LU1202667561 | 3,00 |
| ISHARES CORE 500 -CAP- UCITS ETF | IE00B5BMR087 | 0,07 |
| ISHARES CORE EMERGING MARKETS IMI UCITS ETF | IE00BKM4GZ66 | 0,18 |
| ISHARES STOXX EUR 600 REAL ESTATE UCITS ETF | DE000A0Q4R44 | 0,46 |
| ISHARES US TREASURY 7-10Y BOND -DIS- UCITS ETF | IE00B1FZS798 | 0,07 |
| ISHARES S&P500 INFORMATION TECHNO -CAP- UCITS ETF | IE00B3WJKG14 | 0,15 |
| ROBECO CAP GROWTH GLOBAL CONS TRENDS EQUIT. | LU0554840073 | 1,71 |
| ROBECO EURO GOVT BONDS IH EUR -CAP- | LU0210245469 | 0,43 |
| ROBECO QI GLOBAL DYN DURATION IH EUR -CAP- | LU0239950693 | 0,48 |
| SSGA RUSSEL 2000 US SMALL CAP | IE00BJ38QD84 | 0,30 |
| TIKEHAU CREDIT PLUS -A- -CAP- | FR0010460493 | 1,00 |
| TIKEHAU SHORT DURATION -I -R- -CAP- CHF -H- | LU2122902971 | 0,16 |
| UBS (LUX) EQUIT. CHINA OPPORTUNITY -CAP- | LU2000522420 | 2,45 |
| VONTOBEL EMERGING MARKETS HNHE -CAP- | LU1683488438 | 0,87 |

| NOTE 5 - COMMISSIONS DE PERFORMANCE |
| --- |
| Pour le compartiment Quintillia Fund: La Société de Gestion versera au Conseiller en Investissements, à charge du compartiment, au terme de chaque trimestre, une commission de performance équivalente à 10% de la surperformance du compartiment par rapport à l’indice de référence EURIBOR 1 Semaine (ci-après «l’indice de référence»), et par rapport à la VNI de référence. La VNI de référence correspond à la VNI la plus haute jamais atteinte par le compartiment après déduction de la commission de performance. Avec le principe du High Water Mark, la VNI de référence sera conservée, le cas échéant, jusqu'à établissement d'une nouvelle VNI de référence. Le montant de la commission de performance sera provisionné lors de chaque calcul de la VNI, sur la base des actions en circulation à cette date. En cas de rachats, la commission de performance provisionnée sera considérée comme acquise et sera payée au Conseiller en investissements. La 1ère VNI de référence de la classe A correspond au Jour d’Evaluation du 30 juin 2014. La 1ère VNI de référence de la classe B est établi à EUR 100. Au 30 septembre 2021, aucun montant de commission de performance payé n'est comptabilisé. |
| Pour le compartiment PBT - Global Asset Allocation: Il sera versé au Gestionnaire par la Société de Gestion mais à charge du compartiment, une commission de surperformance équivalente à 10% qui s'appliquera sur la variation de la VNI d’une classe d’action donnée comparée au rendement de l'Euribor 3 Mois + 200pb (le "Hurdle"). Ce calcul sera effectué avec "high water mark", c’est-à-dire que la commission de performance ne sera due que lorsque la VNI d’une classe d’action donnée dépasse son plus haut niveau enregistré par le passé. La commission de performance est calculée sur les gains nets de frais. Dès lors que la performance depuis le début de l’exercice est positive et dépasse son Hurdle sur une base annuelle (correspondant à une année calendaire), une provision de 10% de cette surperformance sera provisionnée à l’occasion du calcul de la VNI. Dans l’hypothèse où la VNI d’une classe d’action donnée serait amenée à repasser sous le niveau du «high water mark», une reprise hebdomadaire de provision sera effectuée à hauteur de 10% de cette sous-performance à concurrence des dotations constituées depuis le début de l’année. En cas de rachat, la quote-part de la provision de la commission de surperformance correspondant aux actions rachetées sera considérée comme acquise au Gestionnaire selon le principe de «cristallisation». La totalité de la commission de performance sera payée au Gestionnaire après le 31 décembre de chaque année. L’auditeur de la Société vérifiera les calculs de toute commission de performance accumulée ou versée dans le cadre de son audit annuel. Au 30 septembre 2021, le montant de commission de performance payé s'élève à EUR 159,28. Pour le compartiment Conviction Shares: Depuis le 1er janvier 2021, il sera versé au Gestionnaire par la Société de Gestion mais à charge du compartiment, une commission de surperformance (la « Commission de Performance ») équivalente à 10% qui s'appliquera sur la variation de la VNI d’une classe d’action donnée comparée à la performance de l’indice composite (60% MSCI World Index (ticker: MSDLWI) et 40% Eurostoxx50 (ticker : SX5E), ci-après le « Benchmark »). Ce calcul sera effectué avec « high water mark », c’est-à- dire que la commission de performance ne sera due que lorsque la VNI d’une classe d’action donnée dépasse son plus haut niveau enregistré par le passé. La commission de performance est calculée sur les gains nets de frais. |

Dès lors que la performance depuis le début de l’exercice est positive et dépasse son Benchmark sur une base annuelle (correspondant à une année calendaire), une provision de 100% de cette surperformance sera provisionnée à l’occasion du calcul de la VNI.
Dans l’hypothèse où la VNI d’une classe d’action donnée serait amenée à repasser sous le niveau du
«high water mark», une reprise hebdomadaire de provision sera effectuée à hauteur de 100% de cette sous-performance à concurrence des dotations constituées depuis le début de l’année.
En cas de rachat, la quote-part de la provision de la commission de surperformance correspondant aux actions rachetées sera considérée comme acquise au Gestionnaire selon le principe de
«cristallisation». La totalité de la commission de performance sera payée au Gestionnaire après le 31 décembre de chaque année.
L’auditeur de la Société vérifiera les calculs de toute commission de performance accumulée ou versée dans le cadre de son audit annuel.
Au 30 septembre 2021, le montant de commission de performance payé s'élève à EUR 72.265,11.

## NOTE 6 - TAXE D'ABONNEMENT
La SICAV est régie par les lois fiscales luxembourgeoises.
En vertu de la législation et des règlements en vigueur actuellement, la SICAV est soumise à Luxembourg à la taxe d'abonnement au taux annuel de 0,05%, payable trimestriellement et calculée sur l'actif net de la SICAV à chaque fin de trimestre. Cette taxe est réduite à 0,01% par an des actifs nets attribuables aux classes d’actions destinées aux investisseurs institutionnels.
La taxe d’abonnement n’est pas due sur les quotités d’actifs investis en OPC déjà soumis à l’application de cette taxe.
En outre, la SICAV étant enregistrée en Belgique, elle est de plus soumise à une taxe au taux annuel de 0,0925% calculée pour l’année 2021 sur base de la valeur des actions distribuées en Belgique telle qu’établie au 31 décembre 2020.

## NOTE 7 - FUTURES
Les contrats futures sont évalués par le broker chaque jour ouvrable bancaire. Les gains/(pertes) non- réalisés résultant des contrats futures ouverts à la date de clôture sont enregistrés directement dans les avoirs en banque. Toute variation de l'appel de marge qui ne serait pas encore transférée en avoirs en banque à la date de clôture est reflétée dans le compte "Montants à recevoir du/(payer au) broker sur futures".
Au 30 septembre 2021, les contracts futures suivants sont ouverts auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
Tactical Fund :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -250 | EURO STOXX 50 FUTURE DECEMBRE 2021 | 279.375,00 | 10.120.000,00 |
| Total | 279.375,00 | 10.120.000,00 |

Au titre de ces contrats futures, le compartiment maintenait auprès Banque Degroof Petercam Luxembourg S.A. un dépôt de garantie de EUR 644.862,50 en faveur de la contrepartie à la clôture. Ce dépôt de garantie est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.
Logiver Indiciel Dynamique :
| Devise | Nombre de CONTRATS | Description | + / - Value Non Realisee ( EN  EUR) | Engagement ( EN  EUR) |
| --- | --- | --- | --- | --- |
|  |
| EUR | -222 | STOXX 50 FUTURE DECEMBRE 2021 | 113.220,00 | 7.758.900,00 |
| EUR | -71 | EURO STOXX 50 FUTURE DECEMBRE 2021 | 70.822,50 | 2.874.080,00 |
|  |  | Total | 184.042,50 | 10.632.980,00 |

Au titre de ces contrats futures, le compartiment maintenait auprès Banque Degroof Petercam Luxembourg S.A. un dépôt de garantie de EUR 607.831,39 en faveur de la contrepartie à la clôture. Ce dépôt de garantie est destiné à couvrir les risques de marchés en cas d’évolution journalière défavorable des cours des contrats futures achetés ou vendus.

## NOTE 8 - CHANGES À TERME
Au 30 septembre 2021, les changes à terme suivants sont ouverts auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A. :
Quintillia Fund :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 04/10/2021 | EUR | 55.298,35 | HKD | 500.206,77 | -17,31 | 55.442,72 |
| Total | -17,31 | 55.442,72 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
Logiver Indiciel Dynamique :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 27/01/2022 | EUR | 16.500.000,00 | USD | 19.364.565,00 | -168.259,85 | 16.708.714,91 |
| Total | -168.259,85 | 16.708.714,91 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
PBT - Global Asset Allocation :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 14/12/2021 | EUR | 1.749.958,55 | CHF | 1.900.000,00 | -3.378,65 | 1.757.469,22 |
| 13/12/2021 | CHF | 5.400.000,00 | EUR | 4.964.923,73 | 17.801,31 | 4.994.912,52 |
| 14/12/2021 | EUR | 3.480.023,65 | USD | 4.120.000,00 | -61.495,22 | 3.554.942,00 |
|  |  |  |  | Total | -47.072,56 | 10.307.323,74 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
Conviction Shares :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 17/12/2021 | EUR | 6.982.953,38 | USD | 8.500.000,00 | -339.629,22 | 7.334.225,00 |
| Total | -339.629,22 | 7.334.225,00 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..
Short Term Crossover Bond :
| Echéance | Devise Achetée | Montant Acheté | Devise Vendue | Montant Vendu | + / - Value Non Réalisée ( EN  EUR) | Engagement (en EUR) |
| --- | --- | --- | --- | --- | --- | --- |
|  |
| 15/10/2021 | CHF | 1.362.162,00 | EUR | 1.253.138,91 | 6.953,79 | 1.259.977,78 |
| Total | 6.953,79 | 1.259.977,78 |

Au titre de ces contrats dérivés OTC, il n'y a pas de collatéral maintenu auprès de la contrepartie Banque Degroof Petercam Luxembourg S.A..

## NOTE 9 - ABERDEEN - FRAIS DE RÉCLAMATION DE TAXE SUR DIVIDENDE
Ce poste est composé de remboursements de retenues à la source indûment perçues par les autorités fiscales étrangères.

## NOTE 10 - ÉVÈNEMENT(S) SURVENU(S) PENDANT LA PÉRIODE
Du fait d’un total d’actif net insuffisant dans le compartiment Global Fund, le Conseil d’Administration de la SICAV a pris la décision le 16 juin 2021 de procéder à un rachat forcé de l’ensemble des parts en circulation sur le compartiment, comptabilisé dans la valeur nette d’inventaire datée du 16 juillet 2021.
La pandémie de COVID-19 (coronavirus) menace toujours gravement la santé de la population mondiale et perturbe encore fortement la vie des gens au quotidien depuis maintenant plus d’une année. Cela a bien évidement une incidence sur l’économie mondiale, bien que la finance dans son secteur spécifique ne soit pas le secteur le plus défavorisé. La plupart des secteurs de l’économie sont touchés et certains sont frappés extrêmement durement. L'exercice 2020 a été marqué par certains impacts négatifs sur la valorisation des actions, obligations, fonds et autres investissements et l’exercice 2021 devrait subir le même sort au regard des prévisions actuelles sur la pandémie en continuelle évolution. Les mesures actuelles et/ou nouvelles prises par les autorités sanitaires pour contenir la propagation du virus, bien que nécessaires, ont eu et continueront à avoir elles aussi des répercussions considérables sur l’activité économique. Il nous reste à espérer que même si ces effets sont importants, ils seront en définitive temporaires. Partout dans le monde, les autorités ont pris et continuent à prendre des mesures énergiques et indispensables pour contenir la diffusion du virus, et pour soutenir les particuliers et les entreprises en ces temps très difficiles. Nous pouvons espérer que la vaccination pourra apporter une lueur d’espoir pour 2021. Le conseil d'administration n'est actuellement pas en mesure d'estimer avec précision les conséquences de cette pandémie, mais suit de près la situation.
| Détermination du risque global |
| --- |
| Chaque compartiment devra veiller à ce que son risque global lié aux instruments financiers dérivés n’excède pas la valeur nette totale de son portefeuille. Le risque global est une mesure conçue pour limiter l’effet de levier généré au niveau de chaque compartiment par l’utilisation d’instruments financiers dérivés. La méthode utilisée pour calculer ce risque au niveau de chaque compartiment de la SICAV sera celle des engagements. Cette méthode consiste à convertir les positions sur instruments financiers dérivés en positions équivalentes sur les actifs sous-jacents puis à agréger la valeur de marché de ces positions équivalentes. |
| Règlement EU 2015/2365 du Parlement Européen et du conseil du 25 novembre 2015 : transparence des opérations de financement sur titres et de la réutilisation (ci-après le Règlement) Conformément à l’article 13 et à la Section A de l’Annexe du Règlement EU 2015/2365 (ci-après le «Règlement»), la SICAV doit informer les investisseurs de l’utilisation qu’elle fait des opérations de financement sur titres et des contrats d’échange sur rendement global dans le rapport annuel et le rapport semestriel. Le portefeuille ne contient pas d'avoirs prêtés à la date du présent rapport. |