# Statement of changes in net assets for the year ended December 31, 2020
|  |  | Candriam Sustainable Equity Pacific | Candriam Sustainable Equity World | Candriam Sustainable Money Market Euro |
| --- | --- | --- | --- | --- |
|  |  | JPY | EUR | EUR |
| Net assets at the beginning of the year |  | 19,130,026,164 | 452,691,015 | 430,834,392 |
| Income |  |  |  |  |
| Dividends, net | 2k | 342,370,967 | 8,151,314 | 0 |
| Interest on bonds and money market instruments, net | 2k | 0 | 0 | 2,016,343 |
| Interest received on CFD |  | 0 | 0 | 0 |
| Interest received on swaps |  | 0 | 0 | 0 |
| Bank interest |  | 269,969 | 2,871 | 2,870 |
| Other income |  | 0 | 0 | 210 |
| Total income |  | 342,640,936 | 8,154,185 | 2,019,423 |
| Expenses |  |  |  |  |
| Management fees | 3 | 33,424,182 | 2,379,015 | 204,083 |
| Operating and Administrative Expenses | 5 | 28,039,122 | 958,401 | 271,594 |
| Distribution fees | 4 | 0 | 53,564 | 0 |
| Depositary fees | 5 | 1,054,482 | 21,502 | 19,712 |
| Subscription tax | 6 | 2,041,648 | 93,855 | 49,765 |
| Transaction costs | 2j | 12,619,747 | 493,785 | 6,609 |
| Interest paid on swaps |  | 0 | 0 | 0 |
| Interest on reverse repurchase agreements |  | 0 | 0 | 0 |
| Bank interest |  | 335,564 | 19,903 | 284,799 |
| Other expenses |  | 0 | 2,978 | 11,351 |
| Total expenses |  | 77,514,745 | 4,023,003 | 847,913 |
| Net income / (loss) from investments |  | 265,126,191 | 4,131,182 | 1,171,510 |
| Net realised gain / (loss) on sales of investments | 2b | (799,152,356) | 38,855,782 | (3,226,497) |
| Net realised gain / (loss) on options | 2e | 0 | 0 | 0 |
| Net realised gain / (loss) on forward foreign exchange contracts | 2f,2g | 311,699 | (2,865) | 338,881 |
| Net realised gain / (loss) on futures | 2e | 0 | 0 | 0 |
| Net realised gain / (loss) on swaps | 2h | 0 | 0 | 0 |
| Net realised gain / (loss) on foreign exchange |  | (101,528,055) | (8,021,930) | (357,003) |
| Net realised gain / (loss) |  | (635,242,521) | 34,962,169 | (2,073,109) |

Statement of changes in net assets for the year ended December 31, 2020
Combined
|  | EUR |
| --- | --- |
| Net assets at the beginning of the year |  | 6,039,250,725 |
| Income Dividends, net | 2k | 51,065,015 |
| Interest on bonds and money market instruments, net | 2k | 106,487,055 |
| Interest received on CFD |  | 5,894 |
| Interest received on swaps |  | 116,757 |
| Bank interest |  | 319,608 |
| Other income |  | 11,934 |
| Total income |  | 158,006,263 |
| Expenses Management fees | 3 | 20,997,636 |
| Operating and Administrative Expenses | 5 | 12,122,380 |
| Distribution fees | 4 | 53,564 |
| Depositary fees | 5 | 378,485 |
| Subscription tax | 6 | 1,625,215 |
| Transaction costs | 2j | 6,546,893 |
| Interest paid on swaps |  | 160,186 |
| Interest on reverse repurchase agreements |  | 72,843 |
| Bank interest |  | 1,448,161 |
| Other expenses |  | 35,091 |
| Total expenses |  | 43,440,453 |
| Net income / (loss) from investments |  | 114,565,810 |
| Net realised gain / (loss) on sales of investments | 2b | 101,901,861 |
| Net realised gain / (loss) on options | 2e | (299,364) |
| Net realised gain / (loss) on forward foreign exchange contracts | 2f,2g | 122,706,672 |
| Net realised gain / (loss) on futures | 2e | (5,926,273) |
| Net realised gain / (loss) on swaps | 2h | (250,631) |
| Net realised gain / (loss) on foreign exchange |  | (67,894,384) |
| Net realised gain / (loss) |  | 264,803,690 |

Statement of changes in net assets for the year ended December 31, 2020
|  | Candriam Sustainable Bond Emerging Markets | Candriam Sustainable Bond Euro | Candriam Sustainable Bond Euro Aggregate Index |
| --- | --- | --- | --- |
| USD | EUR | EUR |
| Change in net unrealised appreciation / depreciation on investments | 2b | 105,154,441 | 15,422,341 | (1,793,234) |
| Change in net unrealised appreciation / depreciation on options | 2e | 0 | 0 | 0 |
| Change in net unrealised appreciation / depreciation on forward foreign exchange contracts | 2f,2g | (3,760,513) | 205,272 | 0 |
| Change in net unrealised appreciation / depreciation on futures | 2e | (765,841) | (301,910) | 0 |
| Change in net unrealised appreciation / depreciation on swaps | 2h | 0 | 5,299 | 0 |
| Net increase / (decrease) in net assets as a result of operations |  | 208,906,848 | 20,917,430 | 1,261,444 |
| Evolution of the capital |  |  |  |  |
| Subscriptions of shares |  | 1,455,766,381 | 495,461,978 | 12,233,104 |
| Redemptions of shares |  | (246,152,465) | (140,686,566) | (74,739,973) |
| Dividends distributed | 7 | (37,831,125) | (1,156,795) | (1,060) |
| Currency translation |  | 0 | 0 | 0 |
| Net assets at the end of the year |  | 2,127,631,026 | 697,446,113 | 0 |

Statement of changes in net assets for the year ended December 31, 2020
|  |  | Candriam Sustainable Bond Euro Corporate | Candriam Sustainable Bond Euro Short Term | Candriam Sustainable Bond Global |
| --- | --- | --- | --- | --- |
|  |  | EUR | EUR | EUR |
| Change in net unrealised appreciation / depreciation on investments | 2b | 29,790,582 | (965,286) | (1,984,811) |
| Change in net unrealised appreciation / depreciation on options | 2e | 0 | 0 | (23,475) |
| Change in net unrealised appreciation / depreciation on forward foreign exchange contracts | 2f,2g | 1,747,070 | 235,792 | (22,099) |
| Change in net unrealised appreciation / depreciation on futures | 2e | (186,310) | (98,261) | (118,239) |
| Change in net unrealised appreciation / depreciation on swaps | 2h | 0 | 0 | 2,649 |
| Net increase / (decrease) in net assets as a result of operations |  | 43,198,645 | 1,869,443 | (2,135,878) |
| Evolution of the capital |  |  |  |  |
| Subscriptions of shares |  | 852,210,799 | 568,302,091 | 208,115,400 |
| Redemptions of shares |  | (242,868,921) | (313,190,478) | (66,113,042) |
| Dividends distributed | 7 | (203,121) | 0 | 0 |
| Currency translation |  | 0 | 0 | 0 |
| Net assets at the end of the year |  | 1,051,954,248 | 774,105,284 | 230,351,043 |

Statement of changes in net assets for the year ended December 31, 2020
|  |  | Candriam Sustainable Bond Global High Yield | Candriam Sustainable Defensive Asset Allocation | Candriam Sustainable Equity Circular Economy* |
| --- | --- | --- | --- | --- |
|  |  | EUR | EUR | USD |
| Change in net unrealised appreciation / depreciation on investments | 2b | (5,815,886) | 562,648 | 50,753,236 |
| Change in net unrealised appreciation / depreciation on options | 2e | 0 | 0 | 0 |
| Change in net unrealised appreciation / depreciation on forward foreign exchange contracts | 2f,2g | 14,224,137 | 527,773 | 847 |
| Change in net unrealised appreciation / depreciation on futures | 2e | 0 | (191,165) | 0 |
| Change in net unrealised appreciation / depreciation on swaps | 2h | 0 | 0 | 0 |
| Net increase / (decrease) in net assets as a result of operations |  | 56,716,796 | (1,062,905) | 56,150,022 |
| Evolution of the capital |  |  |  |  |
| Subscriptions of shares |  | 858,854,172 | 50,544,959 | 147,908,031 |
| Redemptions of shares |  | (275,084,673) | (62,746,666) | (26,216,444) |
| Dividends distributed | 7 | (1,198,944) | (37,306) | 0 |
| Currency translation |  | 0 | 0 | 0 |
| Net assets at the end of the year |  | 1,104,043,724 | 122,339,194 | 177,841,609 |

*See note 1

Translation (ENFR, 2020-12-31):
# Etat des variations des actifs nets pour l'exercice clôturé au 31 décembre 2020
|  |  | Candriam Sustainable Bond Emerging Markets | Candriam Sustainable Bond Euro | Candriam Sustainable Bond Euro Aggregate Index* |
| --- | --- | --- | --- | --- |
|  |  | USD | EUR | EUR |
| Actifs nets début de l'exercice |  | 746.941.387 | 322.910.066 | 61.246.485 |
| Revenus Dividendes, nets | 2k | 0 | 0 | 0 |
| Intérêts sur obligations et instruments du marché monétaire, nets | 2k | 60.325.669 | 5.724.669 | 690.348 |
| Intérêts reçus sur CFD |  | 0 | 0 | 0 |
| Intérêts reçus sur swaps |  | 0 | 0 | 0 |
| Intérêts bancaires |  | 187.130 | 3.016 | 1.162 |
| Autres revenus |  | 0 | 0 | 0 |
| Total des revenus |  | 60.512.799 | 5.727.685 | 691.510 |
| Frais Commissions de gestion | 3 | 6.163.474 | 668.038 | 35.624 |
| Charges opérationnelles et administratives | 5 | 1.908.476 | 529.165 | 35.449 |
| Commissions de distribution | 4 | 0 | 0 | 0 |
| Commissions de dépositaire | 5 | 58.561 | 21.837 | 3.631 |
| Taxe d'abonnement | 6 | 558.300 | 62.499 | 0 |
| Coûts de transaction | 2j | 94.794 | 30.327 | 2.270 |
| Intérêts versés sur swaps |  | 0 | 5.014 | 0 |
| Intérêts versés sur reverse repo |  | 0 | 0 | 0 |
| Intérêts bancaires |  | 184.973 | 27.216 | 8.587 |
| Autres frais |  | 0 | 0 | 0 |
| Total des frais |  | 8.968.578 | 1.344.096 | 85.561 |
| Revenus / (Pertes) net(te)s des investissements |  | 51.544.221 | 4.383.589 | 605.949 |
| Bénéfice / (Perte) net(te) réalisé(e) sur ventes d'investissements | 2b | (27.493.375) | 2.773.173 | 2.453.907 |
| Bénéfice / (Perte) net(te) réalisé(e) sur options | 2e | 0 | (234.977) | 0 |
| Bénéfice / (Perte) net(te) réalisé(e) sur contrats de change à terme | 2f,2g | 94.550.649 | (42.997) | 0 |
| Bénéfice / (Perte) net(te) réalisé(e) sur futures | 2e | (1.860.611) | (1.345.884) | (5.178) |
| Bénéfice / (Perte) net(te) réalisé(e) sur swaps | 2h | 0 | 0 | 0 |
| Bénéfice / (Perte) de change, net(te) |  | (8.462.123) | 53.524 | 0 |
| Bénéfice / (Perte) net(te) réalisé(e) |  | 108.278.761 | 5.586.428 | 3.054.678 |

*Voir note 1