# Financial statements at 30/06/2022
#### Statement of net assets
ExpressedinEUREUREURNOK
Notes
Assets
621350979488420892203425672939573399
Securitiesportfolioatcostprice	634 458 043	507 802 274	230 999 525	997 136 591
Unrealisedgain/(loss)onsecuritiesportfolio	(14 614 391)	(21 169 715)	(29 112 711)	(58 856 250)
Securitiesportfolioatmarketvalue
2	
619 843 652	486 632 559	201 886 814	938 280 341
Optionsatmarketvalue
2,14	
0	0	0	0
NetUnrealisedgainonfinancialinstruments
2,10,11,12,
13
167 136	32 861	29 250	0
Cashatbanksandtimedeposits
2,15	
873 831	810 813	500 356	901 975
Otherassets
466 360	944 659	1 009 252	391 083
Liabilities
666392022444689791699361
Bankoverdrafts
0	0	0	0
NetUnrealisedlossonfinancialinstruments
2,10,11,12,
13
0	0	0	0
Otherliabilities
6 663 920	224 446	89 791	699 361
Netassetvalue
614687059488196446203335881938874038

#### Statement of operations and changes in net assets
Incomeoninvestmentsandassets
33112805417076993205264533153
Managementfees
3	
408 779	603 495	589 581	3 989 603
Bankinterest
44 502	9 562	7 081	0
InterestonswapsandCFDs
0	0	0	0
Otherfees
5	
496 135	667 651	390 052	1 098 482
Taxes
6	
158 726	165 259	57 347	684 758
Performancefees
4	
0	900	5 876	0
Transactionfees
18	
0	0	0	0
Distributionfees
19	
0	0	0	0
Totalexpenses
1108142144686710499375772843
Netresultfrominvestments
22031383970209888211558760310
Netrealisedresulton:
Investmentssecurities
2	
108 869	1 089 978	382 009	6 354 869
Financialinstruments
2	
(2 126 330)	(983 475)	(98 696)	0
Netrealisedresult
1856774076712916542865115179
Movementonnetunrealisedgain/(loss)on:
Investmentssecurities
(14 282 658)	(23 829 403)	(26 283 100)	(104 583 919)
Financialinstruments
1 240 300	416 175	123 483	0
Changeinnetassetsduetooperations
(12856681)(19336516)(16994189)(39468740)
Netsubscriptions/(redemptions)
(63312780)(33147221)(6187912)(281415953)
Dividendspaid
8	
0(652093)(4477)(16894875)
Increase/(Decrease)innetassetsduringtheyear/period
Netassetsatthebeginningofthefinancialyear/period
(76169461)(53135830)(23186578)(337779568)
6908565205413322762265224591276653606
ReevaluationofopeningcombinedNAV
0000
Netassetsattheendofthefinancialyear/period
614687059488196446203335881938874038
EURUSDUSDEUREUREUR
| 257564637 | 445210457 | 290636994 | 500853 | 95829813 | 26249106 |
| --- | --- | --- | --- | --- | --- |
| 253 033 776 | 369 709 443 | 264 873 615 | 511 508 | 86 225 810 | 22 571 405 |
| (14 741 233) | 264 480 | (19 630 568) | (13 969) | 5 087 137 | (121 209) |
| 238 292 543 | 369 973 923 | 245 243 047 | 497 539 | 91 312 947 | 22 450 196 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 1 384 | 0 | 0 |
| 16 089 207 | 74 116 199 | 30 500 889 | 1 558 | 4 467 568 | 3 624 512 |
| 3 182 887 | 1 120 335 | 14 893 058 | 372 | 49 298 | 174 398 |
| 10724496 | 83936603 | 33827195 | 360 | 834192 | 126560 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 9 625 927 | 66 642 198 | 2 986 811 | 0 | 0 | 112 386 |
| 1 098 569 | 17 294 405 | 30 840 384 | 360 | 834 192 | 14 174 |
| 246840141 | 361273854 | 256809799 | 500493 | 94995621 | 26122546 |
| 9774547 | 137502 | 739716 | 1056 | 80889 | 164152 |
| 614 972 | 3 466 779 | 1 354 300 | 1 558 | 1 426 126 | 39 421 |
| 86 445 | 13 529 | 18 284 | 9 | 32 780 | 33 878 |
| 0 | 0 | 1 236 708 | 0 | 0 | 0 |
| 348 272 | 963 251 | 611 562 | 834 | 219 160 | 32 474 |
| 69 853 | 180 226 | 121 408 | 237 | 63 079 | 6 783 |
| 0 | 0 | 6 239 | 0 | 247 | 0 |
| 0 | 0 | 16 435 | 66 | 0 | 49 327 |
| 0 | 33 790 | 0 | 0 | 0 | 0 |
| 1119542 | 4657575 | 3364936 | 2704 | 1741392 | 161883 |
| 8655005 | (4520073) | (2625220) | (1648) | (1660503) | 2269 |
| (15 613 149) | 837 063 | (1 467 283) | 387 | 2 157 645 | (31 674) |
| (20 721 368) | 110 083 435 | 13 067 972 | 1 952 | (95 655) | (5 634 074) |
| (27679512) | 106400425 | 8975469 | 691 | 401487 | (5663479) |
| (11 968 099) | 173 777 | (33 194 209) | (14 534) | (9 626 467) | (199 050) |
| (8 609 405) | (67 990 562) | (2 300 215) | 1 479 | 23 005 | (1 380 968) |
| (48257016) | 38583640 | (26518955) | (12364) | (9201975) | (7243497) |
| 132019319 | 114785123 | 47204170 | 447351 | (76972487) | (1770838) |
| (276640) | (85791) | (44701) | (4861) | 0 | 0 |
| 83485663 | 153282972 | 20640514 | 430126 | (86174462) | (9014335) |
| 163354478 | 207990882 | 236169285 | 70367 | 181170083 | 35136881 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 246840141 | 361273854 | 256809799 | 500493 | 94995621 | 26122546 |

Translation (ENFR, 2022-06-30):
# Etats financiers au 30/06/2022
|  |  |
| --- | --- |
| ABSEuropeAAAABSEuropeIGABSOpportunitiesBondNordic InvestmentGrade |
| Expriméen | EUR | EUR | EUR | NOK |
| Notes |  |  |  |  |
| Etatdesactifsnets |  |  |  |  |
| Actif | 621350979 | 488420892 | 203425672 | 939573399 |
| Portefeuille-titresaucoûtd'acquisition | 634 458 043 | 507 802 274 | 230 999 525 | 997 136 591 |
| Plus/(moins)-valuenonréaliséesur | (14 614 391) | (21 169 715) | (29 112 711) | (58 856 250) |
| portefeuille-titres |  |  |  |  |
| Portefeuille-titresàlavaleurd'évaluation 2 | 619 843 652 | 486 632 559 | 201 886 814 | 938 280 341 |
| Optionsàlavaleurdemarché 2,14 | 0 | 0 | 0 | 0 |
| Plus-valuenettenonréaliséesurinstruments 2,10,11,12, | 167 136 | 32 861 | 29 250 | 0 |
| financiers 13 Avoirsbancairesetdépôtsàterme 2,15 | 873 831 | 810 813 | 500 356 | 901 975 |
| Autresactifs | 466 360 | 944 659 | 1 009 252 | 391 083 |
| Passif | 6663920 | 224446 | 89791 | 699361 |
| Dettesbancairesàvue | 0 | 0 | 0 | 0 |
| Moins-valuenettenonréaliséesurinstruments 2,10,11,12, financiers 13 | 0 | 0 | 0 | 0 |
| Autrespassifs | 6 663 920 | 224 446 | 89 791 | 699 361 |
| Valeurnetted'inventaire | 614687059 | 488196446 | 203335881 | 938874038 |
| Etatdesopérationsetdeschangementsdes |  |  |  |  |
| actifsnets |  |  |  |  |
| Revenussurtitresetavoirs | 3311280 | 5417076 | 9932052 | 64533153 |
| Commissionsdegestion 3 | 408 779 | 603 495 | 589 581 | 3 989 603 |
| Intérêtsbancaires | 44 502 | 9 562 | 7 081 | 0 |
| IntérêtssurswapsetCFDs | 0 | 0 | 0 | 0 |
| Autresfrais 5 | 496 135 | 667 651 | 390 052 | 1 098 482 |
| Taxes 6 | 158 726 | 165 259 | 57 347 | 684 758 |
| Commissionsdeperformance 4 | 0 | 900 | 5 876 | 0 |
| Fraisdetransaction 18 | 0 | 0 | 0 | 0 |
| Commissionsdedistribution 19 | 0 | 0 | 0 | 0 |
| Totaldescharges | 1108142 | 1446867 | 1049937 | 5772843 |
| Résultatnetdesinvestissements | 2203138 | 3970209 | 8882115 | 58760310 |
| Résultatnetréalisésur: |  |  |  |  |
| Portefeuille-titres 2 | 108 869 | 1 089 978 | 382 009 | 6 354 869 |
| Instrumentsfinanciers 2 | (2 126 330) | (983 475) | (98 696) | 0 |
| Résultatnetréalisé | 185677 | 4076712 | 9165428 | 65115179 |
| Variationdelaplus/(moins)-valuenettenonréaliséesur: Portefeuille-titres | (14 282 658) | (23 829 403) | (26 283 100) | (104 583 919) |
| Instrumentsfinanciers | 1 240 300 | 416 175 | 123 483 | 0 |
| Résultatdesopérations | (12856681) | (19336516) | (16994189) | (39468740) |
| Emissions/(rachats)nets | (63312780) | (33147221) | (6187912) | (281415953) |
| Dividendesdistribués 8 | 0 | (652093) | (4477) | (16894875) |
| Augmentation/(diminution)desactifsnetsdurantl'exercice/période | (76169461) | (53135830) | (23186578) | (337779568) |
| Actifsnets,débutd'exercice/période | 690856520 | 541332276 | 226522459 | 1276653606 |
| RéevaluationdelaVNIconsolidée | 0 | 0 | 0 | 0 |
| Actifsnets,findel'exercice/période | 614687059 | 488196446 | 203335881 | 938874038 |

EURUSDUSDEUREUREUR
| 257564637 | 445210457 | 290636994 | 500853 | 95829813 | 26249106 |
| --- | --- | --- | --- | --- | --- |
| 253 033 776 | 369 709 443 | 264 873 615 | 511 508 | 86 225 810 | 22 571 405 |
| (14 741 233) | 264 480 | (19 630 568) | (13 969) | 5 087 137 | (121 209) |
| 238 292 543 | 369 973 923 | 245 243 047 | 497 539 | 91 312 947 | 22 450 196 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 1 384 | 0 | 0 |
| 16 089 207 | 74 116 199 | 30 500 889 | 1 558 | 4 467 568 | 3 624 512 |
| 3 182 887 | 1 120 335 | 14 893 058 | 372 | 49 298 | 174 398 |
| 10724496 | 83936603 | 33827195 | 360 | 834192 | 126560 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 9 625 927 | 66 642 198 | 2 986 811 | 0 | 0 | 112 386 |
| 1 098 569 | 17 294 405 | 30 840 384 | 360 | 834 192 | 14 174 |
| 246840141 | 361273854 | 256809799 | 500493 | 94995621 | 26122546 |
| 9774547 | 137502 | 739716 | 1056 | 80889 | 164152 |
| 614 972 | 3 466 779 | 1 354 300 | 1 558 | 1 426 126 | 39 421 |
| 86 445 | 13 529 | 18 284 | 9 | 32 780 | 33 878 |
| 0 | 0 | 1 236 708 | 0 | 0 | 0 |
| 348 272 | 963 251 | 611 562 | 834 | 219 160 | 32 474 |
| 69 853 | 180 226 | 121 408 | 237 | 63 079 | 6 783 |
| 0 | 0 | 6 239 | 0 | 247 | 0 |
| 0 | 0 | 16 435 | 66 | 0 | 49 327 |
| 0 | 33 790 | 0 | 0 | 0 | 0 |
| 1119542 | 4657575 | 3364936 | 2704 | 1741392 | 161883 |
| 8655005 | (4520073) | (2625220) | (1648) | (1660503) | 2269 |
| (15 613 149) | 837 063 | (1 467 283) | 387 | 2 157 645 | (31 674) |
| (20 721 368) | 110 083 435 | 13 067 972 | 1 952 | (95 655) | (5 634 074) |
| (27679512) | 106400425 | 8975469 | 691 | 401487 | (5663479) |
| (11 968 099) | 173 777 | (33 194 209) | (14 534) | (9 626 467) | (199 050) |
| (8 609 405) | (67 990 562) | (2 300 215) | 1 479 | 23 005 | (1 380 968) |
| (48257016) | 38583640 | (26518955) | (12364) | (9201975) | (7243497) |
| 132019319 | 114785123 | 47204170 | 447351 | (76972487) | (1770838) |
| (276640) | (85791) | (44701) | (4861) | 0 | 0 |
| 83485663 | 153282972 | 20640514 | 430126 | (86174462) | (9014335) |
| 163354478 | 207990882 | 236169285 | 70367 | 181170083 | 35136881 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 246840141 | 361273854 | 256809799 | 500493 | 94995621 | 26122546 |