# Allocation of distributable income
## Definition of distributable income:
Distributable income comprises:

## Income:
Net income for the financial year is the sum of interest, arrears, premiums and bonuses, dividends, directors’ fees and all other revenues generated by the securities held in the portfolio, plus income generated by temporary cash holdings, less the sum of management fees and borrowing costs.
It is increased by the balance carried forward and increased or decreased by the balance of the income adjustment account.

## Gains and losses:
Realised gains (net of fees), minus realised losses (net of fees), recorded during the financial year, plus any net gains of the same type recorded during previous financial years that have not been distributed or accumulated, plus or minus the balance of the capital gains adjustment account.

## Methods for allocating distributable income:
| Distributable income | A, C, CH, I CHF H, I, IH, JH, R and I JPY units |
| --- | --- |
| Allocation of net income | Accumulation |
| Allocation of realised net gains and losses | Accumulation |

- CHANGE IN NET ASSETS (in JPY)

|  | 30/12/2019 | 28/12/2018 |
| --- | --- | --- |
| Net assets at the beginning of the financial year | 21,695,030,728.00 | 18,885,387,643.00 |
| Subscriptions  (including subscription fees paid to the UCI) | 790,276,326.00 | 30,904,407,913.00 |
| Redemptions  (less redemption fees paid to the UCI) | -19,737,047,357.00 | -20,738,581,351.00 |
| Realised gains on deposits and financial instruments | 1,660,195,321.00 | 3,083,662,666.00 |
| Realised losses on deposits and financial instruments | -2,115,304,036.00 | -4,789,991,807.00 |
| Realised gains on forward financial instruments | 139,737,448.00 | 624,277,243.00 |
| Realised losses on forward financial instruments | -468,710,165.00 | -1,002,842,758.00 |
| Transaction fees | -320,863,944.00 | -613,018,163.00 |
| Foreign exchange differences | 135,808,168.00 | -218,318,997.00 |
| Changes in valuation differential on deposits and financial instruments | 1,808,893,955.00 | -4,441,380,502.00 |
| Valuation differential for financial year N | 480,873,041.00 | -1,328,020,914.00 |
| Valuation differential for financial year N-1 | 1,328,020,914.00 | -3,113,359,588.00 |
| Changes in valuation differential on forward financial instruments |  |  |
| Valuation differential for financial year N |  |  |
| Valuation differential for financial year N-1 |  |  |
| Dividends paid in the previous financial year on net gains and losses |  |  |
| Dividends paid on income in the previous financial year |  |  |
| Net profit/loss for the financial year prior to adjustment | -10,244,514.00 | 1,428,841.00 |
| Interim dividend(s) paid on net gains and losses during the financial year |  |  |
| Interim dividend(s) paid on income during the financial year |  |  |
| Other items |  |  |
| Net assets at the end of the financial year | 3,577,771,930.00 | 21,695,030,728.00 |

- BREAKDOWN OF FINANCIAL INSTRUMENTS BY LEGAL OR ECONOMIC TYPE

|  | Amount | % |
| --- | --- | --- |
| Assets |  |  |
| Bonds and equivalent securities |
| TOTAL Bonds and equivalent securities |
| Debt securities |
| TOTAL Debt securities |
| Liabilities |
| Sales of financial instruments |
| TOTAL Sales of financial instruments |
| Off-balance sheet items |
| Hedging transactions |
| TOTAL Hedging transactions |
| Other transactions |
| TOTAL Other transactions |

- BREAKDOWN OF ASSETS, LIABILITIES AND OFF-BALANCE SHEET ITEMS BY INTEREST RATE TYPE

|  | Fixed rate | % | Variable rate | % | Adjustable rate | % | Other | % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets |  |  |  |  |  |  |  |  |
| Deposits |  |  |
| Bonds and equivalent securities |  |  |
| Debt securities Temporary securities transactions |  |  |
| Financial accounts | 226,790,785.00 | 6.34 |
| Liabilities |  |  |
| Temporary securities transactions |  |  |
| Financial accounts | 6,460,997.00 | 0.18 |
| Off-balance sheet items |  |  |
| Hedging transactions |  |  |
| Other transactions |  |  |

- BREAKDOWN OF ASSETS, LIABILITIES AND OFF-BALANCE SHEET ITEMS BY RESIDUAL MATURITY

|  | < 3 months | % | ]3 months - 1 year] | % | ]1 - 3 years] | % | ]3 - 5 years] | % | > 5 years | % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Assets |  |  |  |  |  |  |  |  |  |  |
| Deposits |  |  |
| Bonds and equivalent securities |  |  |
| Debt securities Temporary securities transactions |  |  |
| Financial accounts | 226,790,785.00 | 6.34 |
| Liabilities |  |  |
| Temporary securities transactions |  |  |
| Financial accounts | 6,460,997.00 | 0.18 |
| Off-balance sheet items |  |  |
| Hedging transactions |  |  |
| Other transactions |  |  |

Positions in interest rate futures are shown according to the maturity of the underlying instrument.
- BREAKDOWN OF ASSETS, LIABILITIES AND OFF-BALANCE SHEET ITEMS BY LISTING OR VALUATION CURRENCY

|  | CHF | EUR | USD | Other currencies |
| --- | --- | --- | --- | --- |
| Amount | % | Amount | % | Amount | % | Amount | % |
| Assets |  |  |  |  |  |  |  |  |
| Deposits |  |  |  |  |  |  |
| Equities and equivalent securities |  |  |  |  |  |  |
| Bonds and equivalent securities |  |  |  |  |  |  |
| Debt securities |  |  |  |  |  |  |
| UCIs |  |  |  |  |  |  |
| Temporary securities transactions |  |  |  |  |  |  |
| Receivables | 290,967,004.00 | 8.13 | 137,805,096.00 | 3.85 | 3,789,516.00 | 0.11 |
| Financial accounts |  |  |  |  | 120,069,313.00 | 3.36 |
| Liabilities |  |  |  |  |  |  |
| Sales of financial instruments Temporary securities transactions |  |  |  |  |  |  |
| Payables |  |  | 8,377,887.00 | 0.23 |  |  |
| Financial accounts | 1,114,716.00 | 0.03 | 5,346,281.00 | 0.15 |  |  |
| Off-balance sheet items |  |  |  |  |  |  |
| Hedging transactions |  |  |  |  |  |  |
| Other transactions |  |  |  |  |  |  |

- RECEIVABLES AND PAYABLES: BREAKDOWN BY TYPE

|  | Type of debit or credit | 30/12/2019 |
| --- | --- | --- |
| Receivables | Forward currency purchases | 431,279,766.00 |
|  | Amount receivable on forward currency sales | 7,089,873.00 |
|  | Subscriptions receivable | 1,281,850.00 |
|  | Cash dividends and coupons | 2,934,123.00 |
| Total receivables |  | 442,585,612.00 |
| Payables | Forward currency sales | 7,106,299.00 |
|  | Amount payable on forward currency purchases | 424,253,247.00 |
|  | Purchases with deferred settlement | 6,553,117.00 |
|  | Redemptions payable | 929,704.00 |
|  | Management fees | 4,861,012.00 |
|  | Variable management fees | 82,291.00 |
| Total payables |  | 443,785,670.00 |

- NUMBER OF SECURITIES ISSUED OR REDEEMED

|  | Units | Amount |
| --- | --- | --- |
| IH unit |  |  |
| Units subscribed during the financial year | 250.000 | 2,893,080.00 |
| Units redeemed during the financial year | -70,641.940 | -831,524,096.00 |
| Net balance of subscriptions/redemptions | -70,391.940 | -828,631,016.00 |
| I unit |  |  |
| Units subscribed during the financial year | 4,300.000 | 87,559,478.00 |
| Units redeemed during the financial year | -123,673.384 | -2,481,600,054.00 |
| Net balance of subscriptions/redemptions | -119,373.384 | -2,394,040,576.00 |
| JH unit |  |  |
| Units subscribed during the financial year | 430.000 | 4,333,771.00 |
| Units redeemed during the financial year | -50,199.000 | -527,103,495.00 |
| Net balance of subscriptions/redemptions | -49,769.000 | -522,769,724.00 |
| A unit |  |  |
| Units subscribed during the financial year | 730.000 | 12,477,443.00 |
| Units redeemed during the financial year | -110,905.379 | -1,965,396,313.00 |
| Net balance of subscriptions/redemptions | -110,175.379 | -1,952,918,870.00 |
| I CHF H unit |  |  |
| Units subscribed during the financial year | 3,010.000 | 30,255,724.00 |
| Units redeemed during the financial year | -47,749.000 | -474,157,286.00 |
| Net balance of subscriptions/redemptions | -44,739.000 | -443,901,562.00 |
| CH unit |  |  |
| Units subscribed during the financial year | 12,287.083 | 138,120,581.00 |
| Units redeemed during the financial year | -370,940.911 | -4,087,319,725.00 |
| Net balance of subscriptions/redemptions | -358,653.828 | -3,949,199,144.00 |
| C unit |  |  |
| Units subscribed during the financial year | 12,472.977 | 237,085,996.00 |
| Units redeemed during the financial year | -241,501.430 | -4,565,474,906.00 |
| Net balance of subscriptions/redemptions | -229,028.453 | -4,328,388,910.00 |
| R unit |  |  |
| Units subscribed during the financial year |  |  |
| Units redeemed during the financial year | -48,776.000 | -1,017,409,341.00 |
| Net balance of subscriptions/redemptions | -48,776.000 | -1,017,409,341.00 |
| I JPY unit |  |  |
| Units subscribed during the financial year | 3,261,304.180 | 277,550,253.00 |
| Units redeemed during the financial year | -46,259,651.423 | -3,787,062,141.00 |
| Net balance of subscriptions/redemptions | -42,998,347.243 | -3,509,511,888.00 |

- SUBSCRIPTION AND/OR REDEMPTION FEES

|  | Amount |
| --- | --- |
| IH unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| I unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |

- SUBSCRIPTION AND/OR REDEMPTION FEES

|  | Amount |
| --- | --- |
| JH unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| A unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| I CHF H unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| CH unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| C unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| R unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |
| I JPY unit |  |
| Redemption fees received |
| Subscription fees received |
| Total fees received |

- MANAGEMENT FEES

|  | 30/12/2019 |
| --- | --- |
| I unit |  |
| Guarantee fees |  |
| Fixed management fees | 6,824,978.00 |
| Percentage of fixed management fees | 1.20 |
| Variable management fees |  |
| Trailer fees |  |
| JH unit |  |
| Guarantee fees |  |
| Fixed management fees | 1,172,688.00 |
| Percentage of fixed management fees | 1.20 |
| Variable management fees | 6,523.00 |
| Trailer fees |  |
| IH unit |  |
| Guarantee fees |  |
| Fixed management fees | 3,008,918.00 |
| Percentage of fixed management fees | 1.20 |
| Variable management fees |  |
| Trailer fees |  |

|  | 30/12/2019 |
| --- | --- |
| A unit Guarantee fees |  |
| Fixed management fees | 9,675,173.00 |
| Percentage of fixed management fees | 2.00 |
| Variable management fees |  |
| Trailer fees |  |
| I CHF H unit Guarantee fees |  |
| Fixed management fees | 4,472,784.00 |
| Percentage of fixed management fees | 1.20 |
| Variable management fees |  |
| Trailer fees |  |
| CH unit Guarantee fees |  |
| Fixed management fees | 34,887,456.00 |
| Percentage of fixed management fees | 2.00 |
| Variable management fees |  |
| Trailer fees |  |
| C unit Guarantee fees |  |
| Fixed management fees | 63,476,172.00 |
| Percentage of fixed management fees | 2.00 |
| Variable management fees |  |
| Trailer fees |  |
| R unit Guarantee fees |  |
| Fixed management fees | 12,653,255.00 |
| Percentage of fixed management fees | 1.35 |
| Variable management fees |  |
| Trailer fees |  |
| I JPY unit Guarantee fees |  |
| Fixed management fees | 15,933,176.00 |
| Percentage of fixed management fees | 1.20 |
| Variable management fees |  |
| Trailer fees |  |

- COMMITMENTS RECEIVED AND GIVEN

Translation (ENFR, 2019-12-31):
# Affectation des sommes distribuables
## Définition des sommes distribuables :
Les sommes distribuables sont constituées par :

## Le résultat :
Le résultat net de l’exercice est égal au montant des intérêts, arrérages, primes et lots, dividendes, jetons de présence et tous autres produits relatifs aux titres constituant le portefeuille, majorés du produit des sommes momentanément disponibles et diminué du montant des frais de gestion et de la charge des emprunts.
Il est augmenté du report à nouveau et majoré ou diminué du solde du compte de régularisation des revenus.

## Les Plus et Moins-values :
Les plus-values réalisées, nettes de frais, diminuées des moins-values réalisées, nettes de frais, constatées au cours de l’exercice, augmentées des plus-values nettes de même nature constatées au cours d’exercices antérieurs n’ayant pas fait l’objet d’une distribution ou d’une capitalisation et diminuées ou augmentées du solde du compte de régularisation des plus-values.
Modalités d’affectation des sommes distribuables :
| Sommes Distribuables | Parts «A», «C», «CH», «I CHF H», «I», «IH», «JH», «R», « I JPY», |
| --- | --- |
| Affectation du résultat net | Capitalisation |
| Affectation des plus et moins- values nettes réalisées | Capitalisation |

- EVOLUTION DE L'ACTIF NET en JPY

|  | 30/12/2019 | 28/12/2018 |
| --- | --- | --- |
| Actif net en début d'exercice | 21 695 030 728,00 | 18 885 387 643,00 |
| Souscriptions  (y compris les commissions de souscription acquises à l'OPC) | 790 276 326,00 | 30 904 407 913,00 |
| Rachats  (sous déduction des commissions de rachat acquises à l'OPC) | -19 737 047 357,00 | -20 738 581 351,00 |
| Plus-values réalisées sur dépôts et instruments financiers | 1 660 195 321,00 | 3 083 662 666,00 |
| Moins-values réalisées sur dépôts et instruments financiers | -2 115 304 036,00 | -4 789 991 807,00 |
| Plus-values réalisées sur instruments financiers à terme | 139 737 448,00 | 624 277 243,00 |
| Moins-values réalisées sur instruments financiers à terme | -468 710 165,00 | -1 002 842 758,00 |
| Frais de transactions | -320 863 944,00 | -613 018 163,00 |
| Différences de change | 135 808 168,00 | -218 318 997,00 |
| Variations de la différence d'estimation des dépôts et instruments financiers | 1 808 893 955,00 | -4 441 380 502,00 |
| Différence d'estimation exercice N | 480 873 041,00 | -1 328 020 914,00 |
| Différence d'estimation exercice N-1 | 1 328 020 914,00 | -3 113 359 588,00 |
| Variations de la différence d'estimation des instruments financiers à terme |  |  |
| Différence d'estimation exercice N |  |  |
| Différence d'estimation exercice N-1 |  |  |
| Distribution de l'exercice antérieur sur plus et moins-values nettes |  |  |
| Distribution de l'exercice antérieur sur résultat |  |  |
| Résultat net de l'exercice avant compte de régularisation | -10 244 514,00 | 1 428 841,00 |
| Acompte(s) versé(s) au cours de l'exercice sur plus et moins-values nettes |  |  |
| Acompte(s) versé(s) au cours de l'exercice sur résultat |  |  |
| Autres éléments |  |  |
| Actif net en fin d'exercice | 3 577 771 930,00 | 21 695 030 728,00 |

- VENTILATION PAR NATURE JURIDIQUE OU ECONOMIQUE DES INSTRUMENTS FINANCIERS

|  | Montant | % |
| --- | --- | --- |
| Actif Obligations et valeurs assimilées TOTAL Obligations et valeurs assimilées Titres de créances TOTAL Titres de créances Passif Opérations de cession sur instruments financiers TOTAL Opérations de cession sur instruments financiers Hors-bilan Opérations de couverture TOTAL Opérations de couverture Autres opérations TOTAL Autres opérations |  |  |

- VENTILATION PAR NATURE DE TAUX DES POSTES D'ACTIF, DE PASSIF ET DE HORS-BILAN

|  | Taux fixe | % | Taux variable | % | Taux révisable | % | Autres | % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Actif |  |  |  |  |  |  |  |  |
| Dépôts |  |  |
| Obligations et valeurs assimilées |  |  |
| Titres de créances |  |  |
| Opérations temporaires sur titres |  |  |
| Comptes financiers | 226 790 785,00 | 6,34 |
| Passif |  |  |
| Opérations temporaires sur titres |  |  |
| Comptes financiers | 6 460 997,00 | 0,18 |
| Hors-bilan |  |  |
| Opérations de couverture |  |  |
| Autres opérations |  |  |

- VENTILATION PAR MATURITE RESIDUELLE DES POSTES D’ACTIF, DE PASSIF ET DE HORS-BILAN

|  | < 3 mois | % | ]3 mois - 1 an] | % | ]1 - 3 ans] | % | ]3 - 5 ans] | % | > 5 ans | % |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Actif |  |  |  |  |  |  |  |  |  |  |
| Dépôts |  |  |
| Obligations et valeurs assimilées |  |  |
| Titres de créances |  |  |
| Opérations temporaires sur titres |  |  |
| Comptes financiers | 226 790 785,00 | 6,34 |
| Passif |  |  |
| Opérations temporaires sur titres |  |  |
| Comptes financiers | 6 460 997,00 | 0,18 |
| Hors-bilan |  |  |
| Opérations de couverture |  |  |
| Autres opérations |  |  |

Les positions à terme de taux sont présentées en fonction de l’échéance du sous-jacent.
- VENTILATION PAR DEVISE DE COTATION OU D’EVALUATION DES POSTES D’ACTIF, DE PASSIF ET DE HORS-BILAN

|  | CHF |  | EUR |  | USD |  | Autres devises |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Montant | % | Montant | % | Montant | % | Montant	% |
| Actif |  |  |  |  |  |  |  |
| Dépôts |  |  |  |  |  |  |  |
| Actions et valeurs assimilées |  |  |  |  |  |  |  |
| Obligations et valeurs assimilées |  |  |  |  |  |  |  |
| Titres de créances |  |  |  |  |  |  |  |
| OPC |  |  |  |  |  |  |  |
| Opérations temporaires sur titres |  |  |  |  |  |  |  |
| Créances | 290 967 004,00 | 8,13 | 137 805 096,00 | 3,85 | 3 789 516,00 | 0,11 |  |
| Comptes financiers |  |  |  |  | 120 069 313,00 | 3,36 |  |
|  |  |  |  |  |  |  |  |
| Passif |  |  |  |  |  |  |  |
| Opérations de cession sur instruments financiers |  |  |  |  |  |  |  |
| Opérations temporaires sur titres |  |  |  |  |  |  |  |
| Dettes |  |  | 8 377 887,00 | 0,23 |  |  |  |
| Comptes financiers | 1 114 716,00 | 0,03 | 5 346 281,00 | 0,15 |  |  |  |
|  |  |  |  |  |  |  |  |
| Hors-bilan |  |  |  |  |  |  |  |
| Opérations de couverture |  |  |  |  |  |  |  |
| Autres opérations |  |  |  |  |  |  |  |

- CRÉANCES ET DETTES : VENTILATION PAR NATURE

|  | Nature de débit/crédit | 30/12/2019 |
| --- | --- | --- |
| Créances | Achat à terme de devise | 431 279 766,00 |
|  | Fonds à recevoir sur vente à terme de devises | 7 089 873,00 |
|  | Souscriptions à recevoir | 1 281 850,00 |
|  | Coupons et dividendes en espèces | 2 934 123,00 |
| Total des créances |  | 442 585 612,00 |
| Dettes | Vente à terme de devise | 7 106 299,00 |
|  | Fonds à verser sur achat à terme de devises | 424 253 247,00 |
|  | Achats à règlement différé | 6 553 117,00 |
|  | Rachats à payer | 929 704,00 |
|  | Frais de gestion | 4 861 012,00 |
|  | Frais de gestion variable | 82 291,00 |
| Total des dettes |  | 443 785 670,00 |

- NOMBRE DE TITRES ÉMIS OU RACHETÉS

|  | En parts | En montant |
| --- | --- | --- |
| Part IH |  |  |
| Parts souscrites durant l'exercice | 250,000 | 2 893 080,00 |
| Parts rachetées durant l'exercice | -70 641,940 | -831 524 096,00 |
| Solde net des souscriptions/rachats | -70 391,940 | -828 631 016,00 |
| Part I |  |  |
| Parts souscrites durant l'exercice | 4 300,000 | 87 559 478,00 |
| Parts rachetées durant l'exercice | -123 673,384 | -2 481 600 054,00 |
| Solde net des souscriptions/rachats | -119 373,384 | -2 394 040 576,00 |
| Part JH |  |  |
| Parts souscrites durant l'exercice | 430,000 | 4 333 771,00 |
| Parts rachetées durant l'exercice | -50 199,000 | -527 103 495,00 |
| Solde net des souscriptions/rachats | -49 769,000 | -522 769 724,00 |
| Part A |  |  |
| Parts souscrites durant l'exercice | 730,000 | 12 477 443,00 |
| Parts rachetées durant l'exercice | -110 905,379 | -1 965 396 313,00 |
| Solde net des souscriptions/rachats | -110 175,379 | -1 952 918 870,00 |
| Part I CHF H |  |  |
| Parts souscrites durant l'exercice | 3 010,000 | 30 255 724,00 |
| Parts rachetées durant l'exercice | -47 749,000 | -474 157 286,00 |
| Solde net des souscriptions/rachats | -44 739,000 | -443 901 562,00 |
| Part CH |  |  |
| Parts souscrites durant l'exercice | 12 287,083 | 138 120 581,00 |
| Parts rachetées durant l'exercice | -370 940,911 | -4 087 319 725,00 |
| Solde net des souscriptions/rachats | -358 653,828 | -3 949 199 144,00 |
| Part C |  |  |
| Parts souscrites durant l'exercice | 12 472,977 | 237 085 996,00 |
| Parts rachetées durant l'exercice | -241 501,430 | -4 565 474 906,00 |
| Solde net des souscriptions/rachats | -229 028,453 | -4 328 388 910,00 |
| Part R |  |  |
| Parts souscrites durant l'exercice Parts rachetées durant l'exercice Solde net des souscriptions/rachats | -48 776,000 -48 776,000 | -1 017 409 341,00 -1 017 409 341,00 |
| Part I JPY |  |  |
| Parts souscrites durant l'exercice | 3 261 304,180 | 277 550 253,00 |
| Parts rachetées durant l'exercice | -46 259 651,423 | -3 787 062 141,00 |
| Solde net des souscriptions/rachats | -42 998 347,243 | -3 509 511 888,00 |

- COMMISSIONS DE SOUSCRIPTION ET/OU RACHAT

|  | En montant |
| --- | --- |
| Part IH Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part I Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |

- COMMISSIONS DE SOUSCRIPTION ET/OU RACHAT

|  | En montant |
| --- | --- |
| Part JH Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part A Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part I CHF H Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part CH Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part C Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part R Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |
| Part I JPY Commissions de rachat acquises Commissions de souscription acquises Total des commissions acquises |  |

- FRAIS DE GESTION

|  | 30/12/2019 |
| --- | --- |
| Part I Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 6 824 978,00 1,20 |
| Part JH Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 1 172 688,00 1,20 6 523,00 |
| Part IH Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 3 008 918,00 1,20 |

|  | 30/12/2019 |
| --- | --- |
| Part A Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 9 675 173,00 2,00 |
| Part I CHF H Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 4 472 784,00 1,20 |
| Part CH Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 34 887 456,00 2,00 |
| Part C Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 63 476 172,00 2,00 |
| Part R Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 12 653 255,00 1,35 |
| Part I JPY Commissions de garantie Frais de gestion fixes Pourcentage de frais de gestion fixes Frais de gestion variables Rétrocessions des frais de gestion | 15 933 176,00 1,20 |

- ENGAGEMENTS RECUS ET DONNÉS