# SciBeta HFE Europe Equity 6F EW UCITS ETF
Investment manager’s report for the financial year ended 31 July 2022
The Sub-Fund’s investment objective is to seek medium to long term capital appreciation by providing Shareholders with a return equivalent to the performance of the Scientific Beta Developed Europe HFI Multi-Beta Multi-Strategy Six-Factor EW Market Beta Adjusted (Leverage) Net Return denominated in EUR (the “Index”) before all fees and expenses charged to, or incurred by, the Sub-Fund.
The Scientific Beta Developed Europe HFI Multi-Beta Multi-Strategy Six-Factor EW Market Beta Adjusted (Leverage) Net Return is an index designed to have allocation to a portfolio of equities and equity related securities that are listed or traded on any stock exchange that is located in developed Europe through equally weighted allocations to 6 sub-indices. Each sub-index will reflect one of the six following investment styles: Value, Momentum, Low Volatility, Size, Profitability and Investment.
From inception to 19 April 2018, the Sub-fund was exposed to the Scientific Beta Developed Europe HFE Multi Strategy Equal Weight (Six Factor) Index and thereafter to Scientific Beta Developed Europe HFI Multi-Beta Multi-Strategy Six- Factor EW Market Beta Adjusted (Leverage) Net Return.
From 7 December 2017 (its inception) to 19 April 2018 (change of the underlying Index), the performance of the Sub Fund is 0.60%, compared to 0.66% for the Scientific Beta Developed Europe HFE Multi Beta Multi Strategy Equal Weight (Six Factor) Index.

## From 19 April 2018 (change of the underlying Index) to 31 July 2022, the performance of the Sub-Fund is 25.10%, compared to 26.17% for the Index.

## From 31 July 2021 to 31 July 2022, the performance of the Sub-Fund is -6.78%, compared to -6.60% for the Index.

## From 19 April 2018 (change of the underlying Index) to 31 July 2022, the Sub-Fund has an annualised volatility of 19.66% compared to 19.65% for the Index.

## In terms of tracking error (annualized standard deviation of the difference in performance between the return of the Sub-

## Fund and its benchmark) the Sub-Fund has achieved a low tracking error at 0.03% versus the Index since launch.
SciBeta HFE Europe Equity 6F EW UCITS ETF Schedule of investments as at 31 July 2022
| Holdings | Financial assets at fair value through profit or loss | Fair value € |  | % of net assets |
| --- | --- | --- | --- | --- |
|  | Equities: 97.48% (2021: 97.87%) |  |  |  |
|  | Australia: 4.31% (2021: 0.00%) |  |  |  |
|  | Basic materials: 4.31% (2021: 0.00%) |  |  |  |
| 729,125 | Glencore | 4,018,895 |  | 4.31 |
|  | Total Australia | 	4,018,895 |  | 	4.31 |
|  | Austria: 2.63% (2021: 7.71%) |  |  |  |
|  | Financial: 0.00% (2021: 4.17%) | – |  | – |
|  | Industrial: 0.00% (2021: 3.54%) | – |  | – |
|  | Utilities: 2.63% (2021: 0.00%) |  |  |  |
| 106,542 | EVN | 2,450,466 |  | 2.63 |
|  | Total Austria | 	2,450,466 |  | 	2.63 |
|  | Denmark: 8.03% (2021: 7.78%) |  |  |  |
|  | Consumer, non-cyclical: 0.00% (2021: 3.55%) | – |  | – |
|  | Financial: 3.68% (2021: 0.00%) |  |  |  |
| 306,708 | Spar Nord Bank | 3,427,396 |  | 3.68 |
|  | Industrial: 4.35% (2021: 4.23%) |  |  |  |
| 7,769 | Dampskibsselskabet Norden | 330,155 |  | 0.35 |
| 22,739 | DSV Panalpina | 3,726,037 |  | 4.00 |
|  | Total Denmark | 	7,483,588 |  | 	8.03 |
|  | Germany: 23.82% (2021: 26.60%) |  |  |  |
|  | Basic materials: 0.00% (2021: 7.69%) | – |  | – |
|  | Communications: 2.98% (2021: 0.00%) |  |  |  |
| 333,144 | ProSiebenSat.1 Media | 2,775,090 |  | 2.98 |
|  | Consumer, cyclical: 10.16% (2021: 0.00%) |  |  |  |
| 110,000 | Fielmann | 4,340,600 |  | 4.66 |
| 96,838 | Vitesco Technologies Group | 5,127,572 |  | 5.50 |
|  | Consumer, non-cyclical: 5.29% (2021: 6.46%) |  |  |  |
| 358,012 | Suedzucker | 4,929,825 |  | 5.29 |
|  | Financial: 1.32% (2021: 7.94%) |  |  |  |
| 51,235 | Deutsche Wohnen | 1,236,301 |  | 1.32 |
|  | Industrial: 4.07% (2021: 0.71%) |  |  |  |
| 92,506 | GEA | 3,364,443 |  | 3.61 |
| 1,087 | Sartorius | 432,082 |  | 0.46 |
|  | Technology: 0.00% (2021: 3.80%) | – |  | – |
|  | Total Germany | 	22,205,913 |  | 	23.82 |

SciBeta HFE Europe Equity 6F EW UCITS ETF Schedule of investments as at 31 July 2022 (continued)
| Holdings | Financial assets at fair value through profit or loss | Fair value € |  | % of net assets |
| --- | --- | --- | --- | --- |
|  | Equities: 97.48% (2021: 97.87%) (continued) |  |  |  |
|  | Norway: 9.37% (2021: 10.06%) |  |  |  |
|  | Communications: 0.00% (2021: 3.79%) | – |  | – |
|  | Consumer, non-cyclical: 0.00% (2021: 3.06%) | – |  | – |
|  | Energy: 0.35% (2021: 0.00%) |  |  |  |
| 6,896 | Norwegian Energy | 330,897 |  | 0.35 |
|  | Financial: 6.68% (2021: 3.21%) |  |  |  |
| 106,454 | DNB Bank | 2,047,552 |  | 2.20 |
| 179,502 | Gjensidige Forsikring | 3,667,443 |  | 3.93 |
| 44,011 | SpareBank 1 SR-Bank | 508,534 |  | 0.55 |
|  | Technology: 2.34% (2021: 0.00%) |  |  |  |
| 127,923 | Nordic Semiconductor | 2,180,181 |  | 2.34 |
|  | Total Norway | 	8,734,607 |  | 	9.37 |
|  | Portugal: 3.75% (2021: 0.00%) |  |  |  |
|  | Basic materials: 3.75% (2021: 0.00%) |  |  |  |
| 866,751 | Navigator | 3,491,273 |  | 3.75 |
|  | Total Portugal | 	3,491,273 |  | 	3.75 |
|  | Singapore: 4.02% (2021: 0.00%) |  |  |  |
|  | Industrial: 4.02% (2021: 0.00%) |  |  |  |
| 1,076,513 | Hafnia | 3,751,290 |  | 4.02 |
|  | Total Singapore | 	3,751,290 |  | 	4.02 |
|  | Sweden: 33.42% (2021: 24.32%) |  |  |  |
|  | Basic materials: 0.00% (2021: 2.98%) | – |  | – |
|  | Communications: 3.42% (2021: 0.82%) |  |  |  |
| 430,539 | Telefonaktiebolaget LM Ericsson | 3,183,645 |  | 3.42 |
|  | Consumer, cyclical: 3.77% (2021: 0.00%) |  |  |  |
| 37,290 | Evolution | 3,509,652 |  | 3.77 |
|  | Consumer, non-cyclical: 14.22% (2021: 7.01%) |  |  |  |
| 161,231 | Essity | 4,001,506 |  | 4.29 |
| 335,915 | Swedish Match | 3,431,699 |  | 3.68 |
| 271,947 | Swedish Orphan Biovitrum | 5,825,855 |  | 6.25 |
|  | Financial: 6.76% (2021: 10.44%) |  |  |  |
| 362,747 | Handelsbanken | 3,179,602 |  | 3.41 |
| 231,783 | Swedbank | 3,125,970 |  | 3.35 |

SciBeta HFE Europe Equity 6F EW UCITS ETF Schedule of investments as at 31 July 2022 (continued)
| Holdings | Financial assets at fair value through profit or loss |  | Fair value € |  | % of net assets |
| --- | --- | --- | --- | --- | --- |
|  | Equities: 97.48% (2021: 97.87%) (continued) |  |  |  |  |
|  | Sweden: 33.42% (2021: 24.32%) (continued) |  |  |  |  |
|  | Industrial: 5.25% (2021: 3.07%) |  |  |  |  |
| 287,462 | Lindab International |  | 4,897,272 |  | 5.25 |
|  | Total Sweden |  | 31,155,201 |  | 33.42 |
|  | Switzerland: 8.13% (2021: 21.40%) |  |  |  |  |
|  | Consumer, cyclical: 0.00% (2021: 2.17%) |  | – |  | – |
|  | Consumer, non-cyclical: 2.36% (2021: 14.24%) |  |  |  |  |
| 18,355 | Nestle |  | 2,200,828 |  | 2.36 |
|  | Energy: 5.16% (2021: 0.00%) |  |  |  |  |
| 8,295,283 | Meyer Burger Technology |  | 4,804,887 |  | 5.16 |
|  | Financial: 0.61% (2021: 0.00%) |  |  |  |  |
| 7,145 | VZ |  | 570,944 |  | 0.61 |
|  | Industrial: 0.00% (2021: 3.23%) |  | – |  | – |
|  | Technology: 0.00% (2021: 1.76%) |  | – |  | – |
|  | Total Switzerland |  | 7,576,659 |  | 8.13 |
|  |  |  |  |  |  |
|  | Total equities |  | 90,867,892 |  | 97.48 |
|  | Financial derivative instruments: 7.67% (2021: 5.59%) |  |  |  |  |
| Counterparty | Total return swaps - unrealised gains: 7.67% (2021: 5.59%) | Notional € | Unrealised gain € |  | % of net assets |
|  | Morgan Stanley Swap |  |  |  |  |
| Morgan Stanley | SciBeta HFE Europe Equity 6F EW UCITS ETF Reference Portfolio Leg |  |  |  |  |
|  | 93,215,281 | 7,146,416 |  | 7.67 |
|  | Total total return swaps - unrealised gains |  | 7,146,416 |  | 7.67 |
|  |  |  |  |  |  |
|  | Total financial derivative instruments |  | 7,146,416 |  | 7.67 |
|  |  |  |  |  |  |
|  | Total financial assets at fair value through profit or loss |  | 98,014,308 |  | 105.15 |

SciBeta HFE Europe Equity 6F EW UCITS ETF Schedule of investments as at 31 July 2022 (continued)
|  | Financial liabilities at fair value through profit or loss |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
|  | Financial derivative instruments: (8.98%) (2021: (7.23%)) |  |  |  |  |
| Counterparty | Total return swaps - unrealised losses: (8.98%) (2021: (7.23%)) | Notional € | Unrealised loss € |  | % of net assets |
|  | Morgan Stanley Swap |  |  |  |  |
| Morgan Stanley | SciBeta HFE Europe Equity 6F EW UCITS ETF Financing Leg | (90,867,893) | (8,370,893) |  | (8.98) |
|  | Total total return swaps - unrealised losses |  | (8,370,893) |  | (8.98) |
|  |  |  |  |  |  |
|  | Total financial derivative instruments |  | (8,370,893) |  | (8.98) |
|  |  |  |  |  |  |
|  | Total financial liabilities at fair value through profit or loss |  | (8,370,893) |  | (8.98) |
|  |  |  | Fair value € |  | % of net assets |
|  | Total value of investments |  |  |  |  |
|  | (Cost: € 88,037,552) |  | 89,643,415 |  | 96.17 |
|  | Cash and cash equivalents |  | 1,138 |  | – |
|  | Due from broker |  | 3,646,754 |  | 3.91 |
|  | Other net liabilities |  | (76,015) |  | (0.08) |
|  | Net assets attributable to holders of redeemable participating shares | 	93,215,292 |  | 	100.00 |

| Analysis of portfolio | Fair value € |  | % of total assets |
| --- | --- | --- | --- |
| Transferable securities admitted to official stock exchange listing or dealt in/on another regulated market | 90,867,892 |  | 89.33 |
| Over the counter financial derivative instruments | 7,146,416 |  | 7.03 |
| Cash and cash equivalents | 1,138 |  | – |
| Due from broker | 3,646,754 |  | 3.59 |
| Other assets | 59,940 |  | 0.05 |
| Total assets |   101,722,140 |  | 	100.00 |

SciBeta HFE Europe Equity 6F EW UCITS ETF
Schedule of significant portfolio movements for the financial year ended 31 July 2022
| Total purchases in the year |  | € 583,539,533 |
| --- | --- | --- |
| Material purchases | Nominal holdings | Cost € |
| GEA | 730,061 | 31,478,030 |
| Grand City Properties | 1,240,000 | 27,490,800 |
| Barry Callebaut | 9,635 | 19,787,113 |
| Rheinmetall | 192,178 | 18,078,976 |
| Lundin Energy | 792,567 | 17,869,447 |
| Lonza | 24,668 | 16,328,507 |
| Heineken | 200,537 | 15,625,397 |
| Tecan | 31,056 | 15,170,263 |
| Essity | 610,263 | 14,329,223 |
| Dufry | 315,672 | 14,031,587 |
| Indutrade | 946,585 | 13,855,605 |
| Deutsche Wohnen | 415,033 | 12,562,393 |
| VAT | 25,941 | 11,150,107 |
| Holcim | 215,792 | 9,348,715 |
| Chocoladefabriken Lindt & Spruengli | 860 | 8,694,607 |
| Georg Fischer | 6,248 | 8,091,030 |
| Aixtron | 390,356 | 7,812,151 |
| Trelleborg | 909,927 | 7,632,157 |
| D'Ieteren | 47,558 | 7,447,255 |
| Baloise | 54,932 | 7,285,312 |
| Aurubis | 69,932 | 7,267,484 |
| Sartorius | 18,206 | 7,234,964 |
| Swedish Orphan Biovitrum | 398,676 | 7,088,877 |
| Fielmann | 156,747 | 6,979,196 |
| Wienerberger | 236,671 | 6,786,997 |
| Swedish Match | 871,069 | 6,773,166 |
| Glencore | 1,170,364 | 6,699,455 |
| BKW | 59,878 | 6,682,819 |
| Suedzucker | 466,239 | 6,282,157 |
| Vitesco Technologies Group | 154,269 | 6,245,158 |
| Jungheinrich | 214,288 | 6,225,372 |

The statement of material purchases reflect the aggregate purchases of a security exceeding one per cent of the total value of purchases for the financial year. If there were fewer than twenty positions exceeding one per cent, the top twenty positions

Translation (ENFR, 2022-07-31):
# SciBeta HFE Europe Equity 6F EW UCITS ETF
Rapport du Gestionnaire d’investissement pour l’exercice clos le 31 juillet 2022
L’objectif d’investissement du Compartiment est de viser l’appréciation du capital sur le moyen à long terme en fournissant aux Actionnaires un rendement équivalent à la performance de l’indice Scientific Beta Developed Europe HFI Multi-Beta Multi-Strategy Six-Factor EW Market Beta Adjusted (Leverage) Net Return, libellé en EUR (l’« Indice »), avant tous les frais et commissions imputés au Compartiment ou supportés par celui-ci.
L’Indice Scientific Beta Developed Europe HFI Multi-Beta Multi-Strategy Six Factor EW Market Beta Adjusted (Leverage) Net Return est un indice conçu pour obtenir une allocation à un portefeuille d’actions et de titres liés à des actions, cotés ou échangés sur une Bourse située dans les pays développés européens, par le biais d’allocations de pondération égale dans 6 sous-indices. Chaque sous-indice reflétera l’un des six styles d’investissement suivants : Valeur, momentum, faible volatilité, taille, rentabilité et placement.
Entre sa date de lancement et le 19 avril 2018, le Compartiment a été exposé à l’indice Scientific Beta Developed Europe HFE Multi Strategy Equal Weight (Six Factor) et, par la suite, à l’indice Scientific Beta Developed Europe HFI Multi-Beta Multi-Strategy Six-Factor EW Market Beta Adjusted (Leverage) Net Return.
Du 7 décembre 2017 (date de lancement) au 19 avril 2018 (date de modification de l’Indice sous-jacent), la performance du Compartiment a été de 0,60 %, contre 0,66 % pour l’indice Scientific Beta Developed Europe HFE Multi Beta Multi Strategy Equal Weight (Six Factor).

## Du 19 avril 2018 (date de modification de l’Indice sous-jacent) au 31 juillet 2022, la performance du Compartiment a été de 25,10 %, contre 26,17 % pour l’Indice.

## Du 31 juillet 2021 au 31 juillet 2022, la performance du Compartiment a été de -6,78 %, contre -6,60 % pour l’Indice.

## Du 19 avril 2018 (changement de l’Indice sous-jacent) au 31 juillet 2022, la volatilité annualisée du Compartiment a été de 19,66 %, contre 19,65 % pour l’Indice.
S’agissant de l’écart de suivi (écart type annualisé de la différence de performance entre le rendement du Compartiment et celui de son indice de référence), le Compartiment a atteint un écart de suivi faible, à 0,03 % par rapport à l’Indice depuis son lancement.
SciBeta HFE Europe Equity 6F EW UCITS ETF État des investissements au 31 juillet 2022
| Participations | Actifs financiers à la juste valeur par le biais du compte de résultat | Juste valeur EUR |  | % de l’actif net |
| --- | --- | --- | --- | --- |
|  | Actions : 97,48 % (2021 : 97,87 %) |  |  |  |
|  | Australie : 4,31 % (2021 : 0,00 %) |  |  |  |
|  | Matériaux de base : 4,31 % (2021 : 0,00 %) |  |  |  |
| 729 125 | Glencore | 4 018 895 |  | 4,31 |
|  | Total Australie | 	4 018 895 |  | 	4,31 |
|  | Autriche : 2,63 % (2021 : 7,71 %) |  |  |  |
|  | Valeurs financières : 0,00 % (2021 : 4,17 %) | – |  | – |
|  | Industriel : 0,00 % (2021 : 3,54 %) | – |  | – |
|  | Services publics : 2,63 % (2021 : 0,00 %) |  |  |  |
| 106 542 | EVN | 2 450 466 |  | 2,63 |
|  | Total Autriche | 	2 450 466 |  | 	2,63 |
|  | Danemark : 8,03 % (2021 : 7,78 %) |  |  |  |
|  | Biens de consommation non cycliques : 0,00 % (2021 : 3,55 %) | – |  | – |
|  | Valeurs financières : 3,68 % (2021 : 0,00 %) |  |  |  |
| 306 708 | Spar Nord Bank | 3 427 396 |  | 3,68 |
|  | Industriel : 4,35 % (2021 : 4,23 %) |  |  |  |
| 7 769 | Dampskibsselskabet Norden | 330 155 |  | 0,35 |
| 22 739 | DSV Panalpina | 3 726 037 |  | 4,00 |
|  | Total Danemark | 	7 483 588 |  | 	8,03 |
|  | Allemagne : 23,82 % (2021 : 26,60 %) |  |  |  |
|  | Matériaux de base : 0,00 % (2021 : 7,69 %) | – |  | – |
|  | Communications : 2,98 % (2021 : 0,00 %) |  |  |  |
| 333 144 | ProSiebenSat.1 Media | 2 775 090 |  | 2,98 |
|  | Biens de consommation cycliques : 10,16 % (2021 : 0,00 %) |  |  |  |
| 110 000 | Fielmann | 4 340 600 |  | 4,66 |
| 96 838 | Vitesco Technologies Group | 5 127 572 |  | 5,50 |
|  | Biens de consommation non cycliques : 5,29 % (2021 : 6,46 %) |  |  |  |
| 358 012 | Suedzucker | 4 929 825 |  | 5,29 |
|  | Valeurs financières : 1,32 % (2021 : 7,94 %) |  |  |  |
| 51 235 | Deutsche Wohnen | 1 236 301 |  | 1,32 |
|  | Industriel : 4,07 % (2021 : 0,71 %) |  |  |  |
| 92 506 | GEA | 3 364 443 |  | 3,61 |
| 1 087 | Sartorius | 432 082 |  | 0,46 |
|  | Technologie : 0,00 % (2021 : 3,80 %) | – |  | – |
|  | Total Allemagne | 	22 205 913 |  | 	23,82 |

SciBeta HFE Europe Equity 6F EW UCITS ETF État des investissements au 31 juillet 2022 (suite)
| Participations | Actifs financiers à la juste valeur par le biais du compte de résultat | Juste valeur EUR |  | % de l’actif net |
| --- | --- | --- | --- | --- |
|  | Actions : 97,48 % (2021 : 97,87 %) (suite) |  |  |  |
|  | Norvège : 9,37 % (2021 : 10,06 %) |  |  |  |
|  | Communications : 0,00 % (2021 : 3,79 %) | – |  | – |
|  | Biens de consommation non cycliques : 0,00 % (2021 : 3,06 %) | – |  | – |
|  | Énergie : 0,35 % (2021 : 0,00 %) |  |  |  |
| 6 896 | Norwegian Energy | 330 897 |  | 0,35 |
|  | Valeurs financières : 6,68 % (2021 : 3,21 %) |  |  |  |
| 106 454 | DNB Bank | 2 047 552 |  | 2,20 |
| 179 502 | Gjensidige Forsikring | 3 667 443 |  | 3,93 |
| 44 011 | SpareBank 1 SR-Bank | 508 534 |  | 0,55 |
|  | Technologie : 2,34 % (2021 : 0,00 %) |  |  |  |
| 127 923 | Nordic Semiconductor | 2 180 181 |  | 2,34 |
|  | Total Norvège | 	8 734 607 |  | 	9,37 |
|  | Portugal : 3,75 % (2021 : 0,00 %) |  |  |  |
|  | Matériaux de base : 3,75 % (2021 : 0,00 %) |  |  |  |
| 866 751 | Navigator | 3 491 273 |  | 3,75 |
|  | Total Portugal | 	3 491 273 |  | 	3,75 |
|  | Singapour : 4,02 % (2021 : 0,00 %) |  |  |  |
|  | Industriel : 4,02 % (2021 : 0,00 %) |  |  |  |
| 1 076 513 | Hafnia | 3 751 290 |  | 4,02 |
|  | Total Singapour | 	3 751 290 |  | 	4,02 |
|  | Suède : 33,42 % (2021 : 24,32 %) |  |  |  |
|  | Matériaux de base : 0,00 % (2021 : 2,98 %) | – |  | – |
|  | Communications : 3,42 % (2021 : 0,82 %) |  |  |  |
| 430 539 | Telefonaktiebolaget LM Ericsson | 3 183 645 |  | 3,42 |
|  | Biens de consommation cycliques : 3,77 % (2021 : 0,00 %) |  |  |  |
| 37 290 | Evolution | 3 509 652 |  | 3,77 |
|  | Biens de consommation non cycliques : 14,22 % (2021 : 7,01 %) |  |  |  |
| 161 231 | Essity | 4 001 506 |  | 4,29 |
| 335 915 | Swedish Match | 3 431 699 |  | 3,68 |
| 271 947 | Swedish Orphan Biovitrum | 5 825 855 |  | 6,25 |
|  | Valeurs financières : 6,76 % (2021 : 10,44 %) |  |  |  |
| 362 747 | Handelsbanken | 3 179 602 |  | 3,41 |
| 231 783 | Swedbank | 3 125 970 |  | 3,35 |

SciBeta HFE Europe Equity 6F EW UCITS ETF État des investissements au 31 juillet 2022 (suite)
| Participations | Actifs financiers à la juste valeur par le biais du compte de résultat | Juste valeur EUR |  | % de l’actif net |
| --- | --- | --- | --- | --- |
|  | Actions : 97,48 % (2021 : 97,87 %) (suite) |  |  |  |
|  | Suède : 33,42 % (2021 : 24,32 %) (suite) |  |  |  |
|  | Industriel : 5,25 % (2021 : 3,07 %) |  |  |  |
| 287 462 | Lindab International | 4 897 272 |  | 5,25 |
|  | Total Suède | 31 155 201 |  | 33,42 |
|  | Suisse : 8,13 % (2021 : 21,40 %) |  |  |  |
|  | Biens de consommation cycliques : 0,00 % (2021 : 2,17 %) | – |  | – |
|  | Biens de consommation non cycliques : 2,36 % (2021 : 14,24 %) |  |  |  |
| 18 355 | Nestlé | 2 200 828 |  | 2,36 |
|  | Énergie : 5,16 % (2021 : 0,00 %) |  |  |  |
| 8 295 283 | Meyer Burger Technology | 4 804 887 |  | 5,16 |
|  | Valeurs financières : 0,61 % (2021 : 0,00 %) |  |  |  |
| 7 145 | VZ | 570 944 |  | 0,61 |
|  | Industriel : 0,00 % (2021 : 3,23 %) | – |  | – |
|  | Technologie : 0,00 % (2021 : 1,76 %) | – |  | – |
|  | Total Suisse | 7 576 659 |  | 8,13 |
|  |  |  |  |  |
|  | Total des actions | 90 867 892 |  | 97,48 |
|  | Instruments financiers dérivés : 7,67 % (2021 : 5,59 %) |  |  |  |
|  | Montant |  |  |  |
|  | Contrats d’échange sur rendement total - plus-values	notionnel | Plus-value |  | % de |
| Contreparties | latentes : 7,67 % (2021 : 5,59 %)	EUR | latente EUR |  | l’actif net |
| Morgan Stanley | Morgan Stanley Swap SciBeta HFE Europe Equity 6F EW UCITS ETF Branche |  |  |  |
|  | portefeuille de référence	93 215 281 | 7 146 416 |  | 7,67 |
|  | Total des contrats d’échange sur rendement total - plus-values latentes | 7 146 416 |  | 7,67 |
|  |  |  |  |  |
|  | Total des instruments financiers dérivés | 7 146 416 |  | 7,67 |
|  |  |  |  |  |
|  | Total des actifs financiers à la juste valeur par le biais du compte de résultat | 98 014 308 |  | 105,15 |

SciBeta HFE Europe Equity 6F EW UCITS ETF État des investissements au 31 juillet 2022 (suite)

## Passifs financiers à la juste valeur par le biais du compte de résultat
|  | Instruments financiers dérivés : (8,98 %) (2021 : (7,23 %)) |  |  |  |
| --- | --- | --- | --- | --- |
|  | Montant |  |  |  |
|  | Contrats d’échange sur rendement total - moins-values	notionnel | Moins-value |  | % de |
| Contreparties | latentes : (8,98 %) (2021 : (7,23 %))	EUR | latente EUR |  | l’actif net |
|  | Morgan Stanley Swap |  |  |  |
| Morgan Stanley | SciBeta HFE Europe Equity 6F EW UCITS ETF Financing Leg	(90 867 893) | (8 370 893) |  | (8,98) |
|  | Total des contrats d’échange sur rendement total - moins-values latentes | (8 370 893) |  | (8,98) |
|  |  |  |  |  |
|  | Total des instruments financiers dérivés | (8 370 893) |  | (8,98) |
|  |  |  |  |  |
|  | Total des passifs financiers à la juste valeur par le biais du compte de résultat | (8 370 893) |  | (8,98) |
|  |  | Juste valeur |  | % de |
|  |  | EUR |  | l’actif net |
|  | Valeur totale des investissements (Coût : 88 037 552 EUR) | 89 643 415 |  | 96,17 |
|  | Liquidités et quasi-liquidités | 1 138 |  | – |
|  | Montants dus par le courtier | 3 646 754 |  | 3,91 |
|  | Autres passifs nets | (76 015) |  | (0,08) |
|  | Actif net attribuable aux porteurs d’actions de participation rachetables | 	93 215 292 |  | 	100,00 |
|  |  |  |  | % de |
|  |  | Juste valeur |  | l’actif |
|  | Analyse du portefeuille | EUR |  | total |
|  | Valeurs mobilières admises à la cote officielle d’une Bourse de valeurs ou |  |  |  |
|  | négociées sur un autre marché réglementé | 90 867 892 |  | 89,33 |
|  | Instruments financiers dérivés de gré à gré | 7 146 416 |  | 7,03 |
|  | Liquidités et quasi-liquidités | 1 138 |  | – |
|  | Montants dus par le courtier | 3 646 754 |  | 3,59 |
|  | Autres actifs | 59 940 |  | 0,05 |
|  | Actif total |   101 722 140 |  | 	100,00 |