# Statement of changes in net assets for the year ended March 31, 2021
|  |  | Candriam Absolute Return Equity Market Neutral | Candriam Absolute Return Long Short Digital Equity | Combined |
| --- | --- | --- | --- | --- |
|  |  | EUR | EUR | EUR |
| Net assets at the beginning of the year |  | 115,086,511 | 37,261,211 | 152,347,722 |
| Income |  |  |  |  |
| Dividends, net | 2k | 61,464 | 90,194 | 151,659 |
| Interest received on CFD |  | 72,130 | 30,239 | 102,369 |
| Bank interest |  | 3,332 | 3,023 | 6,355 |
| Total income |  | 136,926 | 123,456 | 260,382 |
| Expenses |  |  |  |  |
| Dividends paid on CFD, net |  | 13,216 | 14,240 | 27,456 |
| Management fees | 3 | 534,819 | 10,835 | 545,654 |
| Administration fees | 4 | 154,006 | 45,882 | 199,888 |
| Central Administration's fees |  | 109,041 | 41,537 | 150,578 |
| Legal Fund Engineering fees |  | 44,965 | 4,345 | 49,310 |
| Performance fees | 6 | 5,187,282 | 97,599 | 5,284,881 |
| Depositary fees | 5 | 2,524 | 4,273 | 6,797 |
| Subscription tax | 7 | 22,280 | 3,949 | 26,229 |
| Audit fees, printing and publishing expenses |  | 74,099 | 20,180 | 94,279 |
| Transaction costs | 2j | 293,046 | 41,747 | 334,793 |
| Interest on bonds and money market instruments, net |  | 0 | 11,043 | 11,043 |
| Interest paid on CFD |  | 995,637 | 147,124 | 1,142,761 |
| Interest on reverse repurchase agreements | 2h | 644,896 | 114,791 | 759,687 |
| Bank interest |  | 262,311 | 36,610 | 298,921 |
| Other expenses |  | 14,661 | 10,095 | 24,756 |
| Total expenses |  | 8,198,778 | 558,367 | 8,757,144 |
| Net income / (loss) from investments |  | (8,061,851) | (434,911) | (8,496,762) |
| Net realised gain / (loss) on sales of investments | 2b | 7,360,300 | 2,065,967 | 9,426,267 |
| Net realised gain / (loss) on options | 2e | (379,445) | 0 | (379,445) |
| Net realised gain / (loss) on forward foreign exchange contracts | 2f | 190,135 | 237,115 | 427,250 |
| Net realised gain / (loss) on futures | 2e | 8,255,659 | (707,289) | 7,548,369 |
| Net realised gain / (loss) on CFD | 2g | 13,342,220 | (2,071,519) | 11,270,701 |
| Net realised gain / (loss) on foreign exchange |  | (206,023) | (104,065) | (310,088) |
| Net realised gain / (loss) |  | 20,500,993 | (1,014,701) | 19,486,121 |

Statement of changes in net assets for the year ended March 31, 2021
|  |  | Candriam Absolute Return Equity Market Neutral | Candriam Absolute Return Long Short Digital Equity | Combined |
| --- | --- | --- | --- | --- |
|  |  | EUR | EUR | EUR |
| Change in net unrealised appreciation / depreciation on investments | 2b | (968,192) | 3,727,632 | 2,759,439 |
| Change in net unrealised appreciation / depreciation on forward foreign exchange contracts | 2f | (32,208) | (38,204) | (70,413) |
| Change in net unrealised appreciation / depreciation on futures | 2e | (244,694) | 138,331 | (106,363) |
| Change in net unrealised appreciation / depreciation on CFD | 2g | 7,433,684 | (1,176,160) | 6,257,525 |
| Net increase / (decrease) in net assets as a result of operations |  | 26,689,582 | 1,636,898 | 28,326,480 |
| Evolution of the capital |  |  |  |  |
| Subscriptions of shares |  | 178,644,260 | 28,169,605 | 206,813,865 |
| Redemptions of shares |  | (90,393,607) | (30,203,397) | (120,597,003) |


#### Net assets at the end of the year	230,026,747	36,864,317	266,891,064

Translation (ENFR, 2021-03-31):
# Etat des variations des actifs nets pour l’exercice clôturé au 31 mars 2021
|  |  | Candriam Absolute Return Equity Market Neutral | Candriam Absolute Return Long Short Digital Equity | Combiné |
| --- | --- | --- | --- | --- |
|  |  | EUR | EUR | EUR |
| Actifs nets au début de l'exercice |  | 115.086.511 | 37.261.211 | 152.347.722 |
| Revenus |  |  |  |  |
| Dividendes, nets | 2k | 61.464 | 90.194 | 151.659 |
| Intérêts reçus sur CFD |  | 72.130 | 30.239 | 102.369 |
| Intérêts bancaires |  | 3.332 | 3.023 | 6.355 |
| Total des revenus |  | 136.926 | 123.456 | 260.382 |
| Frais |  |  |  |  |
| Dividendes payés sur CFD, nets |  | 13.216 | 14.240 | 27.456 |
| Commissions de gestion | 3 | 534.819 | 10.835 | 545.654 |
| Commissions d'administration | 4 | 154.006 | 45.882 | 199.888 |
| Commissions d'Administration Centrale |  | 109.041 | 41.537 | 150.578 |
| Commissions de "Legal Fund Engineering" |  | 44.965 | 4.345 | 49.310 |
| Commissions de performance | 6 | 5.187.282 | 97.599 | 5.284.881 |
| Commissions de dépositaire | 5 | 2.524 | 4.273 | 6.797 |
| Taxe d'abonnement | 7 | 22.280 | 3.949 | 26.229 |
| Frais de révision, d'impression et de publication |  | 74.099 | 20.180 | 94.279 |
| Coûts de transaction | 2j | 293.046 | 41.747 | 334.793 |
| Intérêts sur instruments du marché monétaire, nets |  | 0 | 11.043 | 11.043 |
| Intérêts versés sur CFD |  | 995.637 | 147.124 | 1.142.761 |
| Intérêts versés sur prises en pension | 2h | 644.896 | 114.791 | 759.687 |
| Intérêts bancaires |  | 262.311 | 36.610 | 298.921 |
| Autres frais |  | 14.661 | 10.095 | 24.756 |
| Total des frais |  | 8.198.778 | 558.367 | 8.757.144 |
| Revenus / (Pertes) net(te)s des investissements |  | (8.061.851) | (434.911) | (8.496.762) |
| Bénéfice / (Perte) net(te) réalisé(e) sur ventes d'investissements | 2b | 7.360.300 | 2.065.967 | 9.426.267 |
| Bénéfice / (Perte) net(te) réalisé(e) sur options | 2e | (379.445) | 0 | (379.445) |
| Bénéfice / (Perte) net(te) réalisé(e) sur contrats de change à terme | 2f | 190.135 | 237.115 | 427.250 |
| Bénéfice / (Perte) net(te) réalisé(e) sur futures | 2e | 8.255.659 | (707.289) | 7.548.369 |
| Bénéfice / (Perte) net(te) réalisé(e) sur CFD | 2g | 13.342.220 | (2.071.519) | 11.270.701 |
| Bénéfice / (Perte) de change, net(te) |  | (206.023) | (104.065) | (310.088) |
| Bénéfice / (Perte) net(te) réalisé(e) |  | 20.500.993 | (1.014.701) | 19.486.121 |

Etat des variations des actifs nets pour l’exercice clôturé au 31 mars 2021

### Candriam Absolute Return Equity Market

### Neutral

### Candriam Absolute Return Long Short Digital Equity

### Combiné

### EUR	EUR	EUR
| Variation de la plus-value / moins-value nette non réalisée sur investissements | 2b | (968.192) | 3.727.632 | 2.759.439 |
| --- | --- | --- | --- | --- |
| Variation de la plus-value / moins-value nette non réalisée sur contrats de change à terme | 2f | (32.208) | (38.204) | (70.413) |
| Variation de la plus-value / moins-value nette non réalisée sur futures | 2e | (244.694) | 138.331 | (106.363) |
| Variation de la plus-value / moins-value nette non réalisée sur CFD | 2g | 7.433.684 | (1.176.160) | 6.257.525 |
| Augmentation / (diminution) nette des actifs nets provenant des |  | 26.689.582 | 1.636.898 | 28.326.480 |
| opérations |  |  |  |  |
| Evolution du capital |  |  |  |  |
| Souscriptions d'actions |  | 178.644.260 | 28.169.605 | 206.813.865 |
| Rachats d'actions |  | (90.393.607) | (30.203.397) | (120.597.003) |
| Actifs nets à la fin de l'exercice |  | 230.026.747 | 36.864.317 | 266.891.064 |