# OYSTER
## - Global Risk-Balanced (launched on 22/12/2021)

### Financial Statements as at 31/12/2021

#### Statement of net assets as at 31/12/2021
Expressed in USD
| Assets |  | 1,009,927.69 |
| --- | --- | --- |
| Securities portfolio at market value | Note 2 | 997,038.53 |
| Unrealised profit on the securities portfolio |  | 10,421.00 |
| Cash at banks and liquidities |  | 12,889.16 |
| Liabilities |  | 218.62 |
| Management fees payable | Note 3 | 137.80 |
| Other liabilities |  | 80.82 |
| Net asset value |  | 1,009,709.07 |


#### Statement of operations and changes in net assets from 22/12/2021 to 31/12/2021
Expressed in USD
| Expenses |  | 711.61 |
| --- | --- | --- |
| Management fees and Management Company fees | Note 3 | 137.80 |
| Depositary fees | Note 6 | 1.57 |
| Taxe d'abonnement |  | 24.13 |
| Administrative expenses | Note 3 | 55.11 |
| Transaction fees | Note 8 | 493.00 |
| Net loss from investments |  | (711.61) |
| Net realised profit / loss on: - foreign exchange | Note 2 | (0.32) |
| Net realised loss |  | (711.93) |
| Movement in net unrealised appreciation / depreciation on: - investments |  | 10,421.00 |
| Increase in net assets as a result of operations |  | 9,709.07 |
| Subscription capitalisation shares |  | 1,000,000.00 |
| Increase in net assets |  | 1,009,709.07 |
| Net assets at the beginning of the period |  | 0.00 |
| Net assets at the end of the period |  | 1,009,709.07 |


#### Statistics
Total Net Assets
I - USD - Capitalisation
Number of shares
Period ending as at:
USD
31/12/2021
1,009,709.07
100,000.000
Net asset value per share	USD	10.10

#### Changes in number of shares outstanding from 22/12/2021 to 31/12/2021
Shares outstanding as at 22/12/2021
Shares issued	Shares redeemed
Shares outstanding as at 31/12/2021
I - USD - Capitalisation	0.000	100,000.000	0.000	100,000.000

#### Securities portfolio as at 31/12/2021
Expressed in USD
Quantity	Denomination	Quotation
currency
Cost price
Market value
% of net assets
| Shares/Units of UCITS/UCIS |  | 986,617.53 | 997,038.53 | 98.75 |
| --- | --- | --- | --- | --- |
| Shares/Units in investment funds |  | 986,617.53 | 997,038.53 | 98.75 |
| Ireland |  | 912,735.64 | 923,445.13 | 91.46 |
| 1,742 CONCEPT DB-X WR FIN -1C- USD | USD | 43,828.55 | 44,619.07 | 4.42 |
| 458 DB-X TR MSCI WLD HLTC IDX-1C-USD | USD | 23,104.45 | 23,615.35 | 2.34 |
| 372 INVESCO MSCI CHINA ALL SHS | USD | 11,761.41 | 11,799.36 | 1.17 |
| 27,831 ISH USD CORP BD INTEREST RATE HDG ACC | USD | 155,686.61 | 156,117.99 | 15.45 |
| 5,243 ISHARES MSCI EM XCHINA | USD | 26,475.58 | 26,901.83 | 2.66 |
| 6,841 ISHARES MSCI WORLD SMALL CAP UCTS USD AC | USD | 49,571.94 | 50,602.88 | 5.01 |
| 578 ISHARES PHYSICAL GOLD ETC | USD | 20,245.95 | 20,506.00 | 2.03 |
| 3,501 ISHARES S&P U.S. BANKS UCITS ETF USD CAP | USD | 21,943.57 | 22,287.37 | 2.21 |
| 2,524 ISHARES S&P 500 INDUSTRIALS SECTOR DIS | USD | 20,755.61 | 21,274.17 | 2.11 |
| 4,445 ISHS IV EDGE MSCI USA VAL FCT | USD | 41,049.58 | 42,060.81 | 4.17 |
| 3,914 ISHS SP ENERGY SEC ETC USD | USD | 19,759.05 | 19,863.55 | 1.97 |
| 266 ISHVII TRE 7-10 ETF USD | USD | 43,471.40 | 43,326.93 | 4.29 |
| 249 PIMCO SH-T HG ACCUM.PTG.ETF | USD | 33,417.02 | 33,445.68 | 3.31 |
| 505 VANECK VECTORS EM.MKTS HIGH YLD BD A USD | USD | 59,711.25 | 59,448.60 | 5.89 |
| 1,149 VANGUARD FTSE DEVELOPED EUROPE | USD | 49,770.89 | 50,840.38 | 5.04 |
| 1,729 WISDOMTREE USD FL RATE TREAS BD UC ETF | USD | 86,813.44 | 86,726.64 | 8.59 |
| 544 XTRACKERS IE MSCI WLD CONS STAPLE-1C- | USD | 24,700.43 | 25,140.96 | 2.49 |
| 176 XTRACKERS MSCI USA INFOR TECHNOLOG ETF | USD | 13,603.76 | 13,906.64 | 1.38 |
| 182 XTRACKERS MSCI WORLD MATERIALS UCITS ETF | USD | 10,066.55 | 10,355.22 | 1.03 |
| 2,706 XTRACKERS MSCI WORLD QUALITY FACTOR UCITS ETF 1C | USD | 156,998.60 | 160,605.70 | 15.90 |
| Luxembourg |  | 73,881.89 | 73,593.40 | 7.29 |
| 599 DB X TRACKERS MSCI JPN TRN IDX -1C- CAP | USD | 44,605.37 | 44,583.51 | 4.42 |
| 182 LYXOR IBOXX USD TREASURIES 10Y ETF DR | USD | 29,276.52 | 29,009.89 | 2.87 |
| Total securities portfolio |  | 986,617.53 | 997,038.53 | 98.75 |
| Cash at bank/(bank liabilities) |  |  | 12,889.16 | 1.28 |
| Other net assets/(liabilities) |  |  | (218.62) | (0.03) |
| Total net assets |  |  | 1,009,709.07 | 100.00 |

Translation (ENFR, 2021-12-31):
# OYSTER
## Consolidé

##### Etats Financiers au 31/12/2021

###### Etat du Patrimoine au 31/12/2021
Exprimé en USD
| Actifs |  | 2.050.741.605,53 |
| --- | --- | --- |
| Portefeuille-titres à la valeur d'évaluation | Note 2 | 1.958.135.042,67 |
| Plus-value non réalisée sur le portefeuille-titres |  | 81.393.966,12 |
| Options achetées à la valeur de marché | Note 2 | 131.521,00 |
| Avoirs en banque et liquidités |  | 73.437.184,67 |
| Dépôts à terme |  | 4.100.000,00 |
| Intérêts à recevoir | Note 2 | 5.067.813,26 |
| Brokers à recevoir |  | 188.818,30 |
| Souscriptions à recevoir |  | 2.706.660,28 |
| Dividendes à recevoir | Note 2 | 545.924,57 |
| Plus-value non réalisée sur contrats de change à terme | Note 2 | 3.881.755,54 |
| Plus-value non réalisée sur "futures" | Note 2 | 846.885,49 |
| A recevoir sur change spot |  | 12.931,12 |
| Autres actifs |  | 1.687.068,63 |
| Passifs |  | 9.477.276,52 |
| Brokers à payer |  | 5.017.942,77 |
| Commission de performance | Note 4 | 1.524,46 |
| Rachats à payer | Note 2 | 1.750.857,62 |
| Commission de gestion et conseil à payer | Note 3 | 1.677.572,56 |
| A payer sur change spot |  | 12.947,65 |
| Autres passifs |  | 1.016.431,46 |
| Valeur nette d'inventaire |  | 2.041.264.329,01 |


###### Etat des Opérations et des Variations des Actifs Nets du 01/01/2021 au 31/12/2021
Exprimé en USD
| Revenus |  | 36.213.306,16 |
| --- | --- | --- |
| Dividendes nets | Note 2 | 18.676.019,10 |
| Intérêts nets sur obligations |  | 17.395.174,76 |
| Intérêts bancaires à vue |  | 35.441,15 |
| Intérêts bancaires à terme |  | 4.281,01 |
| Autres revenus financiers | Note 7 | 52.044,78 |
| Autres revenus |  | 50.345,36 |
| Dépenses |  | 29.879.061,57 |
| Commissions de gestion et de conseil | Note 3 | 19.018.802,28 |
| Commissions de banque dépositaire et sous-dépositaire | Note 6 | 262.413,91 |
| Taxe d'abonnement | Note 5 | 583.375,17 |
| Frais administratifs | Note 3 | 3.843.138,75 |
| Commission de performance | Note 4 | 1.524,46 |
| Intérêts bancaires sur découvert |  | 414.709,41 |
| Frais légaux |  | 472.111,27 |
| Frais de transaction | Note 8 | 1.603.310,53 |
| Autres dépenses | Note 10 | 3.679.675,79 |
| Revenus nets des investissements |  | 6.334.244,59 |
| Bénéfice net / Perte nette réalisé(e) sur : - vente de titres | Note 2 | 109.941.905,35 |
| - options | Note 2 | (3.706.655,77) |
| - contrats de change à terme | Note 2 | (18.156.636,93) |
| - futures | Note 2 | 8.994.051,18 |
| - change | Note 2 | (1.151.702,20) |
| Bénéfice net réalisé |  | 102.255.206,22 |
| Variation de la plus- ou moins-value nette non réalisée sur : - portefeuille-titres |  | 15.589.203,08 |
| - options |  | (371.743,37) |
| - contrats de change à terme |  | 853.641,16 |
| - futures |  | 47.867,31 |
| Augmentation des actifs nets résultant des opérations |  | 118.374.174,40 |
| Dividendes payés | Note 9 | (222.465,43) |
| Souscriptions actions de capitalisation |  | 714.388.798,14 |
| Souscriptions actions de distribution |  | 15.219.191,90 |
| Rachats actions de capitalisation |  | (530.275.979,33) |
| Rachats actions de distribution |  | (18.860.525,19) |
| Augmentation des actifs nets | 298.623.194,49 |
| Réévaluation de la balance d'ouverture | (106.911.213,48) |
| Actifs nets au début de l'année | 1.849.552.348,00 |
| Actifs nets à la fin de l'année | 2.041.264.329,01 |