# Securities Financing Transactions and of Reuse Regulation (“SFTR”)
The Regulation (EU) 2015/2365 on transparency of securities financing transactions and of reuse “SFTR” ("Regulation") was published in the Official Journal of the European Union on 23 December 2015 and entered into force on 12 January 2016.
Its purpose is to enhance transparency on the market (i) of securities financing transactions (i.e. mainly securities or commodities lending or borrowing, repurchase and reverse repurchase agreements as well as lending margin transaction) ("SFT") and (ii) of the reuse of financial instruments.
- 
#### Global


#### As at December 31, 2021 the market value of assets engaged in securities lending activities as a proportion of NAV and as a proportion of total lendable assets were as follows:
| GENERALI INVESTMENTS SICAV | Lending transactions on securities (NAV %) | Lending transactions on securities (Total Lendable Assets - % of portfolio at market value) |
| --- | --- | --- |
| Central & Eastern European Equity | 6.56% | 6.65% |
| Euro Equity | 40.38% | 41.28% |
| Euro Equity Controlled Volatility | 11.19% | 11.51% |
| Euro Future Leaders | 8.38% | 8.74% |
| SRI World Equity | 50.45% | 52.09% |
| Convertible Bond | 8.85% | 10.02% |
| Euro Bond | 26.26% | 27.73% |
| Euro Bond 1-3 Years | 13.81% | 14.62% |
| Euro Aggregate Bond | 44.61% | 46.80% |
| Euro Corporate Bond | 51.29% | 53.57% |
| SRI Euro Corporate Short Term Bond | 38.07% | 39.33% |
| Euro Short Term Bond | 7.41% | 7.72% |
| Absolute Return Multi Strategies | 2.48% | 3.12% |
| Global Multi Asset Income | 8.33% | 10.73% |
| Global Income Opportunities | 1.78% | 1.90% |
| Income Partners Asian Debt Fund | 13.66% | 14.92% |


#### As at December 31, 2021 the assets engaged in TRS as an absolute value and as a proportion of NAV were as follows:
| GENERALI INVESTMENTS SICAV | Assets engaged in absolute terms (in EUR) | Assets engaged (NAV %) |
| --- | --- | --- |
| Global Multi Asset Income | 1,538,133.07 | 0.96% |

- 
#### Concentration data


#### As at December 31, 2021, the top ten issuers of collateral received for securities lending activities were as follows:
| GENERALI INVESTMENTS SICAV | Sub-fund currency | Collateral amount received (in EUR) |
| --- | --- | --- |
| Central & Eastern European Equity | EUR |  |
| AAREAL BANK AG |  | 708,094.78 |
| PANDORA AS | 701,776.15 |
| ZOOPLUS | 674,675.57 |
| ULTRA ELECTRONICS HOLDINGS PLC | 528,217.85 |
| ULTA BEAUTY INC | 512,897.73 |
| CATERPILLAR INC | 505,185.88 |
| CITIGROUP | 503,251.77 |
| NN GROUP N.V. | 501,263.31 |
| CAPITAL ONE FINANCIAL CORP | 442,997.96 |
| GLOBERIDE | 332,133.09 |
| Euro Equity | EUR |  |
| BARCLAYS PLC |  | 3,521,283.94 |
| UNITED KINGDOM 3.25%12-220144 | 2,847,773.23 |
| ASTRAZENECA PLC | 2,838,740.77 |
| STELLANTIS N V F | 2,793,236.40 |

| GENERALI INVESTMENTS SICAV | Sub-fund currency | Collateral amount received (in EUR) |
| --- | --- | --- |
| Euro Equity (Continued) | EUR |  |
| LANDWIRTSCHAFTLIC 0% 19-271129 |  | 2,267,756.40 |
| MEGGITT PLC |  | 2,123,093.85 |
| BP PLC |  | 1,891,975.91 |
| EASYJET PLC |  | 1,847,594.09 |
| OCADO GROUP PLC |  | 1,672,803.72 |
| Euro Equity Controlled Volatility | EUR |  |
| INTERCONTINENTAL EXCHANGE |  | 3,565,338.45 |
| HOWDEN JOINERY GROUP P.L.C. | 2,080,287.62 |
| MONEX GROUP | 1,953,486.29 |
| JAPAN 2% 11-201230 | 1,857,447.98 |
| EASYJET PLC | 1,551,831.23 |
| UNITI WIRELESS LTD | 1,392,130.39 |
| ASKUL SVN | 1,034,958.99 |
| UNITED KINGDO 0.125% 12-220344 | 879,472.17 |
| IWG PLC | 854,823.36 |
| PAYS BAS 0% 21-150731 | 743,537.94 |
| Euro Future Leaders | EUR |  |
| CITIGROUP |  | 1,550,104.35 |
| NN GROUP N.V. | 1,544,082.28 |
| AAREAL BANK AG | 1,375,721.66 |
| PACKAGING AMERICA | 1,359,011.98 |
| UNITED KINGDO 0.125% 12-220344 | 1,164,708.18 |
| BHP GROUP P.L.C. | 1,120,796.19 |
| US T-BOND 2.375% 21-150551 | 979,501.57 |
| PAYS BAS 0% 20-150127 | 978,413.49 |
| BELGIQUE 0% 21-221031 | 978,168.94 |
| SUEZ ENVIRONNEMENT | 931,666.28 |
| SRI World Equity | EUR |  |
| ITALY 0.5% 15-200423 |  | 35,546,632.34 |
| RIO TINTO PLC ORD | 26,108,004.44 |
| INTERNATIONAL 0.25% 20-151225 | 18,618,664.84 |
| ESPAGNE 5.85% 11-310122 | 18,425,208.20 |
| ITALIE 0% 21-010426 | 18,340,327.60 |
| GLAXOSMITHKLINE PLC | 15,304,414.96 |
| BHP GROUP P.L.C. | 14,005,660.43 |
| REPUBBLICA ITA 2.45% 20-010950 | 12,226,811.66 |
| ITALIE 2.55%09-150941 TBONDS | 12,060,287.62 |
| UNICREDIT SPA (IT) | 8,615,609.28 |
| Convertible Bond | EUR |  |
| ULTA BEAUTY INC |  | 1,344,122.52 |
| MEGGITT PLC | 1,328,966.93 |
| CITIGROUP | 1,328,653.81 |
| NN GROUP N.V. | 1,323,492.77 |
| CATERPILLAR INC | 1,287,649.15 |
| AUSTRIA 0% 20-200230 | 1,280,423.68 |
| FRANCE EMPRUNT 3.5% 10-250426 | 1,218,919.42 |
| TOSHIBA CORP | 1,206,546.66 |
| BELGIQUE 1% 15-220631 | 1,083,118.58 |
| GERMANY 0% 00-040130 | 781,237.70 |
| Euro Bond | EUR |  |
| HSBC HOLDINGS |  | 23,115,022.42 |
| FRANCE EMPRUNT 1.75% 14-251124 | 17,715,766.25 |
| REPUBBLICA ITA 1.25% 16-011216 | 16,817,964.00 |
| ITALIE 0% 21-010426 | 15,898,069.69 |
| GLAXOSMITHKLINE PLC | 14,147,685.92 |
| ITALIE 0% 21-130522 | 13,922,015.62 |
| REPUBBLICA ITAL 2.8% 18-011228 | 12,940,094.40 |

| GENERALI INVESTMENTS SICAV | Sub-fund currency | Collateral amount received (in EUR) |
| --- | --- | --- |
| Euro Bond (Continued) | EUR |  |
| VODAFONE GROUP PLC |  | 11,390,191.62 |
| REPUBBLICA ITAL 2.2% 17-010627 | 10,929,600.20 |
| ITALIE 0.9% 20-010431 | 10,912,459.05 |
| Euro Bond 1-3 Years | EUR |  |
| ITALIE 2.55%09-150941 TBONDS |  | 18,909,339.85 |
| REPUBBLICA ITALIA 6% 00-010531 | 13,726,670.65 |
| GLAXOSMITHKLINE PLC | 12,724,019.41 |
| BARCLAYS PLC | 11,123,114.58 |
| REPUBBLICA ITA 1.25% 16-011216 | 10,882,212.00 |
| UNITED KINGDOM 2.5% 15-220765 | 10,112,571.00 |
| ITALY 0.5% 15-200423 | 9,819,511.70 |
| ASTRAZENECA PLC | 5,677,481.53 |
| GLENCORE P.L.C. | 5,453,060.98 |
| REPUBBLICA ITALIA 1% 19-150722 | 3,928,560.53 |
| Euro Aggregate Bond | EUR |  |
| BHP GROUP P.L.C. |  | 9,117,076.00 |
| UNILEVER PLC | 8,303,595.16 |
| REPUBBLICA ITALIA 5% 09-010325 | 7,236,454.60 |
| MORGAN STANLEY | 7,088,287.94 |
| FREISTAAT THUER 0.2% 16-261026 | 6,062,625.45 |
| RIO TINTO PLC ORD | 5,418,723.20 |
| ITALY 0.5% 15-200423 | 5,106,146.08 |
| UNITED KINGDOM 3.25%12-220144 | 4,983,603.14 |
| DIAGEO | 4,796,908.10 |
| REPUBBLICA ITA 1.25% 15-150932 | 4,063,032.77 |
| Euro Corporate Bond | EUR |  |
| RIO TINTO PLC ORD |  | 7,792,123.96 |
| ITALY 0.5% 15-200423 | 5,695,316.78 |
| GLAXOSMITHKLINE PLC | 5,249,770.25 |
| HSBC HOLDINGS | 5,026,600.11 |
| BP PLC | 4,476,144.71 |
| REPUBBLICA ITALIA 1% 19-150722 | 4,024,379.08 |
| OCADO GROUP PLC | 3,628,125.39 |
| DIAGEO | 3,571,975.37 |
| ASTRAZENECA PLC | 3,434,876.33 |
| BUNZL | 2,588,459.39 |
| SRI Euro Corporate Short Term Bond | EUR |  |
| ASTRAZENECA PLC |  | 7,025,883.40 |
| RIO TINTO PLC ORD | 6,822,172.51 |
| STELLANTIS N V F | 6,494,274.63 |
| FREISTAAT THUER 0.2% 16-261026 | 5,966,393.30 |
| UNICREDIT SPA (IT) | 5,907,486.48 |
| OCADO GROUP PLC | 4,984,862.14 |
| ENI SPA | 4,318,548.00 |
| LLOYDS BANKING GRP PLC ORD 10P | 3,706,264.89 |
| ITALY 0.5% 15-200423 | 3,535,024.21 |
| FERGUSON PLC | 3,295,136.43 |
| Euro Short Term Bond | EUR |  |
| UNITED KINGDOM 2.5% 15-220765 |  | 29,531,511.49 |
| DEUTSCHE LUFTHANSA AG | 2,120,344.20 |
| LEGAL & GENERAL GROUP PLC | 1,318,127.68 |
| Absolute Return Multi Strategies | EUR |  |
| FRANCE 1.75% 13-250523 |  | 496,039.33 |
| TOSHIBA CORP | 475,306.26 |
| AUSTRIA 0% 20-200230 | 394,433.92 |
| ANGLETERRE 1.25% 21-310751 | 272,485.34 |
| ALLEMAGNE 0% 12-040744 | 252,886.36 |
| UNITED KINGDO 1.125% 07-221137 | 247,842.72 |
| BELGIQUE 4.5% 11-280326 | 220,806.12 |
| ALLEMAGNE 0% 14-150846 | 77,108.17 |
| ALLEMAGNE 0% 17-150848 | 51,497.59 |
| ALLEMAGNE 0% 05-040137 | 45,065.98 |

| Global Multi Asset Income | EUR |  |
| --- | --- | --- |
| FRANCE EMPRUNT 5.5% 98-250429 |  | 1,815,415.49 |
| FINLANDAIS GOVT2.625%12-040742 | 1,762,842.76 |
| GERMANY 0.5% 17-150827 | 1,498,854.22 |
| REPUBLIC OF IR 0.55% 21-220441 | 1,477,875.73 |
| UNITED KINGDO 0.125% 14-220358 | 1,316,763.75 |
| REPUBLIC OF IRE 1.1% 19-150529 | 786,511.99 |
| FRANCE 1.75% 13-250523 | 766,938.79 |
| UNITED KINGDO 0.125% 13-220368 | 661,590.27 |
| UNITED KINGDOM 4% 09-220160 | 585,793.33 |
| TOSHIBA CORP | 555,077.94 |
| Global Income Opportunities | EUR |  |
| REPUBLIC OF IR 0.55% 21-220441 |  | 4,746,232.72 |
| FINLANDAIS GOVT2.625%12-040742 | 4,451,040.68 |
| TOSHIBA CORP | 3,845,659.74 |
| FRANCE EMPRUNT 5.5% 98-250429 | 3,675,091.96 |
| LOGITECH INTL PROV.ECHANG.NOM. | 3,588,203.25 |
| REPUBLIC OF IRE 1.1% 19-150529 | 3,459,651.02 |
| FRANCE 1.75% 13-250523 | 2,817,962.91 |
| UNITED KINGDOM 0.25% 12-220352 | 2,786,508.62 |
| GERMANY 0.5% 17-150827 | 2,173,882.01 |
| ROYAUME-UNI 4.25%08-071249 | 2,024,560.51 |
| Income Partners Asian Debt Fund | EUR |  |
| RIO TINTO PLC ORD |  | 2,004,927.58 |
| NESTLE NOM. | 1,944,531.58 |
| ADMIRAL GROUP PLC | 1,923,303.36 |
| INTERCONTINENTAL HOTELS GROUP | 1,853,520.13 |
| MEGGITT PLC | 1,837,292.76 |
| ASHTEAD GROUP PLC | 1,777,079.80 |
| WHITBREAD | 1,658,182.47 |
| FRANCE EMPRUNT 1.5% 19-250550 | 1,649,622.75 |
| RWE AG INHABER AKT | 1,494,882.00 |
| SSE PLC | 1,461,238.69 |

- 
#### Aggregate transaction data


#### As at December 31, 2021, the maturity tenor of the collateral received for securities lending activities in sub-fund currency was as follows:
| GENERALI INVESTMENTS SICAV | Sub-fund currency | One week to one month | One month to three months | Three months to one year | Above one year | Open maturity | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Central & Eastern European Equity | EUR | 1,253.08 | - | 0.95 | 1,805,740.95 | 7,271,746.03 | 9,078,741.01 |
| Euro Equity | EUR | - | - | - | 5,115,529.63 | 16,688,728.68 | 21,804,258.31 |
| Euro Equity Controlled Volatility | EUR | - | - | 624,455.19 | 6,718,647.60 | 19,595,401.90 | 26,938,504.70 |
| Euro Future Leaders | EUR | 49.42 | 133,430.31 | - | 6,769,360.09 | 16,700,296.65 | 23,603,136.47 |
| SRI World Equity | EUR | - | 18,425,208.20 | - | 116,191,547.86 | 136,535,084.73 | 271,151,840.79 |
| Convertible Bond | EUR | - | - | 267,963.74 | 8,295,502.61 | 8,026,753.74 | 16,590,220.10 |
| Euro Bond | EUR | - | 4,486,967.80 | 24,420,171.62 | 122,869,645.38 | 105,639,571.53 | 257,416,356.33 |
| Euro Bond 1-3 Years | EUR | - | - | 3,928,560.53 | 69,954,303.50 | 34,977,676.51 | 108,860,540.53 |
| Euro Aggregate Bond | EUR | - | - | - | 45,061,461.94 | 68,349,593.51 | 113,411,055.45 |
| Euro Corporate Bond | EUR | - | - | 4,024,379.08 | 5,695,316.78 | 56,672,486.85 | 66,392,182.71 |
| SRI Euro Corporate Short Term Bond | EUR | - | - | 1,724,733.89 | 14,339,223.88 | 60,523,140.80 | 76,587,098.57 |
| Euro Short Term Bond | EUR | - | - | - | 29,531,511.49 | 3,438,471.88 | 32,969,983.37 |
| Absolute Return Multi Strategies | EUR | - | - | 48,543.37 | 2,099,306.43 | 705,084.78 | 2,852,934.58 |
| Global Multi Asset Income | EUR | - | - | - | 12,704,097.78 | 1,236,449.21 | 13,940,546.99 |
| Global Income Opportunities | EUR | - | - | 172,861.75 | 36,593,287.76 | 8,574,616.70 | 45,340,766.21 |
| Income Partners Asian Debt Fund | EUR | - | - | - | 1,649,622.75 | 23,111,597.84 | 24,761,220.59 |


#### Refer to Note 13 for breakdown of type and quality of collateral received for securities lending activities and counterparty disclosures.

#### As at December 31, 2021 the currency of the collateral received for securities lending activities was denominated in EUR, GBP, JPY, USD, AUD, DKK and CHF.

#### All securities lending activities have the following maturity tenor as detailed in the below table:
| GENERALI INVESTMENTS SICAV | Sub-fund currency | One month to three months | Three months to one year | Above one year | Open transactions | Total |
| --- | --- | --- | --- | --- | --- | --- |
| Central & Eastern European Equity | EUR | - | - | - | 9,378,312.15 | 9,378,312.15 |
| Euro Equity | EUR | - | - | - | 23,449,335.50 | 23,449,335.50 |
| Euro Equity Controlled Volatility | EUR | - | - | - | 26,913,131.38 | 26,913,131.38 |
| Euro Future Leaders | EUR | - | - | - | 24,345,747.30 | 24,345,747.30 |
| SRI World Equity | EUR | - | - | - | 274,936,767.97 | 274,936,767.97 |
| Convertible Bond | EUR | - | - | 15,774,253.80 | - | 15,774,253.80 |
| Euro Bond | EUR | - | - | 266,143,395.12 | - | 266,143,395.12 |
| Euro Bond 1-3 Years | EUR | - | - | 112,943,353.32 | - | 112,943,353.32 |
| Euro Aggregate Bond | EUR | - | - | 111,715,867.78 | - | 111,715,867.78 |
| Euro Corporate Bond | EUR | - | 502,883.02 | 70,063,881.90 | - | 70,566,764.92 |
| SRI Euro Corporate Short Term Bond | EUR | 200,249.60 | 4,219,237.91 | 70,807,301.27 | - | 75,226,788.78 |
| Euro Short Term Bond | EUR | - | - | 31,851,783.83 | - | 31,851,783.83 |
| Absolute Return Multi Strategies | EUR | - | - | 2,540,975.70 | 95,337.90 | 2,636,313.60 |
| Global Multi Asset Income | EUR | - | - | 4,953,871.90 | 8,383,469.34 | 13,337,341.24 |
| Global Income Opportunities | EUR | - | - | 40,129,468.18 | - | 40,129,468.18 |
| Income Partners Asian Debt Fund | EUR | - | - | 22,994,176.20 | - | 22,994,176.20 |


#### Regardless of the maturity tenor, all securities lending activities could be recalled at all times by the Management Company, Generali Investments Luxembourg S.A..

#### All TRS have the following maturity tenor as detailed in the below table:
| GENERALI INVESTMENTS SICAV | Sub-fund | Three months to one year | Total |
| --- | --- | --- | --- |
| Global Multi Asset Income | EUR | 1,519,872.39 | 1,519,872.39 |

- 
#### Data on reuse of collateral


#### There was no cash collateral reinvested as part of the securities lending activities, excluding as a result of any reinvestment made by BNP Paribas Securities Services.
Returns generated from reinvested cash collateral, if any, are part of the securities lending income as disclosed in the Statement of Operations and Changes in Net Assets in the account "Net securities lending income”.

#### There was no reuse of cash collateral related to TRS transactions.
- 
#### Safekeeping of collateral received


#### The collateral received for securities lending activities is safe-kept by the custodian, BNP Paribas Securities Services, Luxembourg Branch, as at December 31, 2021.
- 
#### Safekeeping of collateral granted


#### There was no collateral granted by the sub-funds for securities lending activities as at December 31, 2021.

#### There was collateral granted by the sub-funds for TRS as at December 31, 2021, which was held at JP Morgan Chase Bank and Société Générale Paris.
- 
#### Data on return and cost for each type of SFTs


#### The total return of the securities lending activities is apportioned between GENERALI INVESTMENTS SICAV and the Management Company, Generali Investments Luxembourg S.A..

#### For the year ended December 31, 2021, the return amount in EUR and as a percentage of total return is as follows:
|  | Amount (in EUR) | % of overall returns* |
| --- | --- | --- |
| GENERALI INVESTMENTS SICAV | 764,617.82 | 84.05% |
| Generali Investments Luxembourg S.A. | 145,086.21 | 15.95% |

* Contractual rates are respectively set at 85% and 15%.
For TRS held by the sub-fund GENERALI INVESTMENTS SICAV - Global Multi Asset Income, the return, identified as the net realised profit / loss, movement in net unrealised appreciation/depreciation, and interest received on TRS during the year, was EUR (4,602,100.32). The costs, identified as interest paid on TRS during the year, were included in the net realised profit/loss on Swaps.
The accounting principle applied to the flows linked to the TRS have been defined as such that quarterly coupons or premium income received by the TRS be booked separately from the TRS realised performance (loss or profit). It is to be noted that interest on bonds and dividends on equities are equally processed on separate accounts.

#### GENERALI INVESTMENTS SICAV
-

Translation (ENFR, 2021-12-31):
# Règlement sur les opérations de financement sur titres et la réutilisation (règlement SFTR)
Le Règlement UE 2015/2365 sur la transparence des opérations de financement sur titres et de la réutilisation « SFTR » (le « Règlement »), a été publié dans le Journal officiel de l’Union européenne le 23 décembre 2015 et est entré en vigueur le 12 janvier 2016.
Son objectif est de renforcer la sécurité sur le marché (i) des opérations de financement sur titres (principalement les prêts ou emprunts de titres ou de produits de base, mises en pension et prises en pension de titres, prêts avec appel de marge) (« SFT ») et

#### (ii) de la réutilisation des instruments financiers.
- 
#### Données globales


#### Au 31 décembre 2021, la valeur de marché des actifs engagés dans des activités de prêt sur titres en proportion de la VNI et en proportion du total des actifs prêtables était la suivante :
| GENERALI INVESTMENTS SICAV | Activités de prêt sur titres (%VNI) | Activités de prêt sur titres (sur total des actifs prêtable - % du portefeuille à la valeur de marché) |
| --- | --- | --- |
| Central & Eastern European Equity | 6,56% | 6,65% |
| Euro Equity | 40,38% | 41,28% |
| Euro Equity Controlled Volatility | 11,19% | 11,51% |
| Euro Future Leaders | 8,38% | 8,74% |
| SRI World Equity | 50,45% | 52,09% |
| Convertible Bond | 8,85% | 10,02% |
| Euro Bond | 26,26% | 27,73% |
| Euro Bond 1-3 Years | 13,81% | 14,62% |
| Euro Aggregate Bond | 44,61% | 46,80% |
| Euro Corporate Bond | 51,29% | 53,57% |
| SRI Euro Corporate Short Term Bond | 38,07% | 39,33% |
| Euro Short Term Bond | 7,41% | 7,72% |
| Absolute Return Multi Strategies | 2,48% | 3,12% |
| Global Multi Asset Income | 8,33% | 10,73% |
| Global Income Opportunities | 1,78% | 1,90% |
| Income Partners Asian Debt Fund | 13,66% | 14,92% |


#### Au 31 décembre 2021, le total des actifs engagés dans des « TRS », en valeur absolue et proportion de la VNI, était le suivant :
| GENERALI INVESTMENTS SICAV | Actifs utilisés en termes absolus (en EUR) | Actifs utilisés (% VNI) |
| --- | --- | --- |
| Global Multi Asset Income | 1.538.133,07 | 0,96% |

- 
#### Données sur la concentration


#### Au 31 décembre 2021, les émetteurs de garanties reçues pour des activités de prêt de titres étaient les suivants :
| GENERALI INVESTMENTS SICAV | Devise du compartiment | Montant de la garantie reçue (en EUR) |
| --- | --- | --- |
| Central & Eastern European Equity | EUR |  |
| AAREAL BANK AG |  | 708.094,78 |
| PANDORA AS | 701.776,15 |
| ZOOPLUS | 674.675,57 |
| ULTRA ELECTRONICS HOLDINGS PLC | 528.217,85 |
| ULTA BEAUTY INC | 512.897,73 |
| CATERPILLAR INC | 505.185,88 |
| CITIGROUP | 503.251,77 |
| NN GROUP N.V. | 501.263,31 |
| CAPITAL ONE FINANCIAL CORP | 442.997,96 |
| GLOBERIDE | 332.133,09 |

| GENERALI INVESTMENTS SICAV | Devise du compartiment | Montant de la garantie reçue (en EUR) |
| --- | --- | --- |
| Euro Equity | EUR |  |
| BARCLAYS PLC |  | 3.521.283,94 |
| UNITED KINGDOM 3.25%12-220144 | 2.847.773,23 |
| ASTRAZENECA PLC | 2.838.740,77 |
| STELLANTIS N V F | 2.793.236,40 |
| LANDWIRTSCHAFTLIC 0% 19-271129 | 2.267.756,40 |
| MEGGITT PLC | 2.123.093,85 |
| BP PLC | 1.891.975,91 |
| EASYJET PLC | 1.847.594,09 |
| OCADO GROUP PLC | 1.672.803,72 |
| Euro Equity Controlled Volatility | EUR |  |
| INTERCONTINENTAL EXCHANGE |  | 3.565.338,45 |
| HOWDEN JOINERY GROUP P.L.C. | 2.080.287,62 |
| MONEX GROUP | 1.953.486,29 |
| JAPAN 2% 11-201230 | 1.857.447,98 |
| EASYJET PLC | 1.551.831,23 |
| UNITI WIRELESS LTD | 1.392.130,39 |
| ASKUL SVN | 1.034.958,99 |
| UNITED KINGDO 0.125% 12-220344 | 879.472,17 |
| IWG PLC | 854.823,36 |
| PAYS BAS 0% 21-150731 | 743.537,94 |
| Euro Future Leaders | EUR |  |
| CITIGROUP |  | 1.550.104,35 |
| NN GROUP N.V. | 1.544.082,28 |
| AAREAL BANK AG | 1.375.721,66 |
| PACKAGING AMERICA | 1.359.011,98 |
| UNITED KINGDO 0.125% 12-220344 | 1.164.708,18 |
| BHP GROUP P.L.C. | 1.120.796,19 |
| US T-BOND 2.375% 21-150551 | 979.501,57 |
| PAYS BAS 0% 20-150127 | 978.413,49 |
| BELGIQUE 0% 21-221031 | 978.168,94 |
| SUEZ ENVIRONNEMENT | 931.666,28 |
| SRI World Equity | EUR |  |
| ITALY 0.5% 15-200423 |  | 35.546.632,34 |
| RIO TINTO PLC ORD | 26.108.004,44 |
| INTERNATIONAL 0.25% 20-151225 | 18.618.664,84 |
| ESPAGNE 5.85% 11-310122 | 18.425.208,20 |
| ITALIE 0% 21-010426 | 18.340.327,60 |
| GLAXOSMITHKLINE PLC | 15.304.414,96 |
| BHP GROUP P.L.C. | 14.005.660,43 |
| REPUBBLICA ITA 2.45% 20-010950 | 12.226.811,66 |
| ITALIE 2.55%09-150941 TBONDS | 12.060.287,62 |
| UNICREDIT SPA (IT) | 8.615.609,28 |
| Convertible Bond | EUR |  |
| ULTA BEAUTY INC |  | 1.344.122,52 |
| MEGGITT PLC | 1.328.966,93 |
| CITIGROUP | 1.328.653,81 |
| NN GROUP N.V. | 1.323.492,77 |
| CATERPILLAR INC | 1.287.649,15 |
| AUSTRIA 0% 20-200230 | 1.280.423,68 |
| FRANCE EMPRUNT 3.5% 10-250426 | 1.218.919,42 |
| TOSHIBA CORP | 1.206.546,66 |
| BELGIQUE 1% 15-220631 | 1.083.118,58 |
| GERMANY 0% 00-040130 | 781.237,70 |
| Euro Bond | EUR |  |
| HSBC HOLDINGS |  | 23.115.022,42 |
| FRANCE EMPRUNT 1.75% 14-251124 | 17.715.766,25 |
| REPUBBLICA ITA 1.25% 16-011216 | 16.817.964,00 |
| ITALIE 0% 21-010426 | 15.898.069,69 |
| GLAXOSMITHKLINE PLC | 14.147.685,92 |
| ITALIE 0% 21-130522 | 13.922.015,62 |
| REPUBBLICA ITAL 2.8% 18-011228 | 12.940.094,40 |

| GENERALI INVESTMENTS SICAV | Devise du compartiment | Montant de la garantie reçue (en EUR) |
| --- | --- | --- |
| Euro Bond (Suite) | EUR |  |
| VODAFONE GROUP PLC |  | 11.390.191,62 |
| REPUBBLICA ITAL 2.2% 17-010627 | 10.929.600,20 |
| ITALIE 0.9% 20-010431 | 10.912.459,05 |
| Euro Bond 1-3 Years | EUR |  |
| ITALIE 2.55%09-150941 TBONDS |  | 18.909.339,85 |
| REPUBBLICA ITALIA 6% 00-010531 | 13.726.670,65 |
| GLAXOSMITHKLINE PLC | 12.724.019,41 |
| BARCLAYS PLC | 11.123.114,58 |
| REPUBBLICA ITA 1.25% 16-011216 | 10.882.212,00 |
| UNITED KINGDOM 2.5% 15-220765 | 10.112.571,00 |
| ITALY 0.5% 15-200423 | 9.819.511,70 |
| ASTRAZENECA PLC | 5.677.481,53 |
| GLENCORE P.L.C. | 5.453.060,98 |
| REPUBBLICA ITALIA 1% 19-150722 | 3.928.560,53 |
| Euro Aggregate Bond | EUR |  |
| BHP GROUP P.L.C. |  | 9.117.076,00 |
| UNILEVER PLC | 8.303.595,16 |
| REPUBBLICA ITALIA 5% 09-010325 | 7.236.454,60 |
| MORGAN STANLEY | 7.088.287,94 |
| FREISTAAT THUER 0.2% 16-261026 | 6.062.625,45 |
| RIO TINTO PLC ORD | 5.418.723,20 |
| ITALY 0.5% 15-200423 | 5.106.146,08 |
| UNITED KINGDOM 3.25%12-220144 | 4.983.603,14 |
| DIAGEO | 4.796.908,10 |
| REPUBBLICA ITA 1.25% 15-150932 | 4.063.032,77 |
| Euro Corporate Bond | EUR |  |
| RIO TINTO PLC ORD |  | 7.792.123,96 |
| ITALY 0.5% 15-200423 | 5.695.316,78 |
| GLAXOSMITHKLINE PLC | 5.249.770,25 |
| HSBC HOLDINGS | 5.026.600,11 |
| BP PLC | 4.476.144,71 |
| REPUBBLICA ITALIA 1% 19-150722 | 4.024.379,08 |
| OCADO GROUP PLC | 3.628.125,39 |
| DIAGEO | 3.571.975,37 |
| ASTRAZENECA PLC | 3.434.876,33 |
| BUNZL | 2.588.459,39 |
| SRI Euro Corporate Short Term Bond | EUR |  |
| ASTRAZENECA PLC |  | 7.025.883,40 |
| RIO TINTO PLC ORD | 6.822.172,51 |
| STELLANTIS N V F | 6.494.274,63 |
| FREISTAAT THUER 0.2% 16-261026 | 5.966.393,30 |
| UNICREDIT SPA (IT) | 5.907.486,48 |
| OCADO GROUP PLC | 4.984.862,14 |
| ENI SPA | 4.318.548,00 |
| LLOYDS BANKING GRP PLC ORD 10P | 3.706.264,89 |
| ITALY 0.5% 15-200423 | 3.535.024,21 |
| FERGUSON PLC | 3.295.136,43 |
| Euro Short Term Bond | EUR |  |
| UNITED KINGDOM 2.5% 15-220765 |  | 29.531.511,49 |
| DEUTSCHE LUFTHANSA AG | 2.120.344,20 |
| LEGAL & GENERAL GROUP PLC | 1.318.127,68 |
| Absolute Return Multi Strategies | EUR |  |
| FRANCE 1.75% 13-250523 |  | 496.039,33 |
| TOSHIBA CORP | 475.306,26 |
| AUSTRIA 0% 20-200230 | 394.433,92 |
| ANGLETERRE 1.25% 21-310751 | 272.485,34 |
| ALLEMAGNE 0% 12-040744 | 252.886,36 |
| UNITED KINGDO 1.125% 07-221137 | 247.842,72 |
| BELGIQUE 4.5% 11-280326 | 220.806,12 |
| ALLEMAGNE 0% 14-150846 | 77.108,17 |
| ALLEMAGNE 0% 17-150848 | 51.497,59 |
| ALLEMAGNE 0% 05-040137 | 45.065,98 |

| GENERALI INVESTMENTS SICAV | Devise du compartiment | Montant de la garantie reçue (en EUR) |
| --- | --- | --- |
| Global Multi Asset Income | EUR |  |
| FRANCE EMPRUNT 5.5% 98-250429 |  | 1.815.415,49 |
| FINLANDAIS GOVT2.625%12-040742 | 1.762.842,76 |
| GERMANY 0.5% 17-150827 | 1.498.854,22 |
| REPUBLIC OF IR 0.55% 21-220441 | 1.477.875,73 |
| UNITED KINGDO 0.125% 14-220358 | 1.316.763,75 |
| REPUBLIC OF IRE 1.1% 19-150529 | 786.511,99 |
| FRANCE 1.75% 13-250523 | 766.938,79 |
| UNITED KINGDO 0.125% 13-220368 | 661.590,27 |
| UNITED KINGDOM 4% 09-220160 | 585.793,33 |
| TOSHIBA CORP | 555.077,94 |
| Global Income Opportunities | EUR |  |
| REPUBLIC OF IR 0.55% 21-220441 |  | 4.746.232,72 |
| FINLANDAIS GOVT2.625%12-040742 | 4.451.040,68 |
| TOSHIBA CORP | 3.845.659,74 |
| FRANCE EMPRUNT 5.5% 98-250429 | 3.675.091,96 |
| LOGITECH INTL PROV.ECHANG.NOM. | 3.588.203,25 |
| REPUBLIC OF IRE 1.1% 19-150529 | 3.459.651,02 |
| FRANCE 1.75% 13-250523 | 2.817.962,91 |
| UNITED KINGDOM 0.25% 12-220352 | 2.786.508,62 |
| GERMANY 0.5% 17-150827 | 2.173.882,01 |
| ROYAUME-UNI 4.25%08-071249 | 2.024.560,51 |
| Income Partners Asian Debt Fund | EUR |  |
| RIO TINTO PLC ORD |  | 2.004.927,58 |
| NESTLE NOM. | 1.944.531,58 |
| ADMIRAL GROUP PLC | 1.923.303,36 |
| INTERCONTINENTAL HOTELS GROUP | 1.853.520,13 |
| MEGGITT PLC | 1.837.292,76 |
| ASHTEAD GROUP PLC | 1.777.079,80 |
| WHITBREAD | 1.658.182,47 |
| FRANCE EMPRUNT 1.5% 19-250550 | 1.649.622,75 |
| RWE AG INHABER AKT | 1.494.882,00 |
| SSE PLC | 1.461.238,69 |

- 
#### Donnéees cumulées sur la transaction


#### Au 31 décembre 2021, les détenteurs de garanties reçues pour des activités de prêt de titres et classées par échéance étaient les suivants :
| GENERALI INVESTMENTS SICAV | Devise du compartiment | Entre une semaine et un mois | Entre un mois et trois mois | Entre trois mois et un an | Supérieure à un an | Echéance ouverte | Total |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Central & Eastern European Equity | EUR | 1.253,08 | - | 0,95 | 1.805.740,95 | 7.271.746,03 | 9.078.741,01 |
| Euro Equity | EUR | - | - | - | 5.115.529,63 | 16.688.728,68 | 21.804.258,31 |
| Euro Equity Controlled Volatility | EUR | - | - | 624.455,19 | 6.718.647,60 | 19.595.401,90 | 26.938.504,70 |
| Euro Future Leaders | EUR | 49,42 | 133.430,31 | - | 6.769.360,09 | 16.700.296,65 | 23.603.136,47 |
| SRI World Equity | EUR | - | 18.425.208,20 | - | 116.191.547,86 | 136.535.084,73 | 271.151.840,79 |
| Convertible Bond | EUR | - | - | 267.963,74 | 8.295.502,61 | 8.026.753,74 | 16.590.220,10 |
| Euro Bond | EUR | - | 4.486.967,80 | 24.420.171,62 | 122.869.645,38 | 105.639.571,53 | 257.416.356,33 |
| Euro Bond 1-3 Years | EUR | - | - | 3.928.560,53 | 69.954.303,50 | 34.977.676,51 | 108.860.540,53 |
| Euro Aggregate Bond | EUR | - | - | - | 45.061.461,94 | 68.349.593,51 | 113.411.055,45 |
| Euro Corporate Bond | EUR | - | - | 4.024.379,08 | 5.695.316,78 | 56.672.486,85 | 66.392.182,71 |
| SRI Euro Corporate Short Term Bond | EUR | - | - | 1.724.733,89 | 14.339.223,88 | 60.523.140,80 | 76.587.098,57 |
| Euro Short Term Bond | EUR | - | - | - | 29.531.511,49 | 3.438.471,88 | 32.969.983,37 |
| Absolute Return Multi Strategies | EUR | - | - | 48.543,37 | 2.099.306,43 | 705.084,78 | 2.852.934,58 |
| Global Multi Asset Income | EUR | - | - | - | 12.704.097,78 | 1.236.449,21 | 13.940.546,99 |
| Global Income Opportunities | EUR | - | - | 172.861,75 | 36.593.287,76 | 8.574.616,70 | 45.340.766,21 |
| Income Partners Asian Debt Fund | EUR | - | - | - | 1.649.622,75 | 23.111.597,84 | 24.761.220,59 |


#### Voir la Note 13 pour une présentation du type et de la qualité des garanties reçues pour les activités de prêt de titres et les informations concernant les contreparties.

#### Au 31 décembre 2021, la devise des garanties reçues pour les activités de prêt de titres était libellée en EUR, GBP, JPY, USD, AUD, DKK et CHF.

#### Toutes les activités de prêt sur titres ont les échéances suivantes, détaillées dans le tableau ci-dessous :
| GENERALI INVESTMENTS SICAV | Devise du compartiment | Entre un mois et trois mois | Entre trois mois et un an | Supérieure à un an | Transactions en cours | Total |
| --- | --- | --- | --- | --- | --- | --- |
| Central & Eastern European Equity | EUR | - | - | - | 9.378.312,15 | 9.378.312,15 |
| Euro Equity | EUR | - | - | - | 23.449.335,50 | 23.449.335,50 |
| Euro Equity Controlled Volatility | EUR | - | - | - | 26.913.131,38 | 26.913.131,38 |
| Euro Future Leaders | EUR | - | - | - | 24.345.747,30 | 24.345.747,30 |
| SRI World Equity | EUR | - | - | - | 274.936.767,97 | 274.936.767,97 |
| Convertible Bond | EUR | - | - | 15.774.253,80 | - | 15.774.253,80 |
| Euro Bond | EUR | - | - | 266.143.395,12 | - | 266.143.395,12 |
| Euro Bond 1-3 Years | EUR | - | - | 112.943.353,32 | - | 112.943.353,32 |
| Euro Aggregate Bond | EUR | - | - | 111.715.867,78 | - | 111.715.867,78 |
| Euro Corporate Bond | EUR | - | 502.883,02 | 70.063.881,90 | - | 70.566.764,92 |
| SRI Euro Corporate Short Term Bond | EUR | 200.249,60 | 4.219.237,91 | 70.807.301,27 | - | 75.226.788,78 |
| Euro Short Term Bond | EUR | - | - | 31.851.783,83 | - | 31.851.783,83 |
| Absolute Return Multi Strategies | EUR | - | - | 2.540.975,70 | 95.337,90 | 2.636.313,60 |
| Global Multi Asset Income | EUR | - | - | 4.953.871,90 | 8.383.469,34 | 13.337.341,24 |
| Global Income Opportunities | EUR | - | - | 40.129.468,18 | - | 40.129.468,18 |
| Income Partners Asian Debt Fund | EUR | - | - | 22.994.176,20 | - | 22.994.176,20 |


#### Indépendamment de la durée, toutes les activités de prêt de titres peuvent être rappelées à tout moment par la Société de Gestion, Generali Investments Luxembourg S.A.

#### Tous les TRS ont les échéances suivantes, détaillées dans le tableau ci-dessous :
| GENERALI INVESTMENTS SICAV | Devise du compartiment | Entre trois mois et un an | Total |
| --- | --- | --- | --- |
| Global Multi Asset Income | EUR | 1.519.872,39 | 1.519.872,39 |

- 
#### Données sur la réutilisation des garanties


#### Aucune garantie en espèces n’a été réinvestie dans le cadre d’activités sur prêt sur titres, sauf dans le cas d’un réinvestissement effectué par BNP Paribas Securities Services.
Les rendements générés par le réinvestissement d’une garantie, le cas échéant, sont inclus dans les revenus du prêt sur titres mentionnés dans l’État des résultats et l’évolution de l’actif net, au poste « Revenus nets des prêts sur titres ».

#### Aucune réutilisation de garantie en espèce n’a eu lieu dans le cas des transactions de TRS.
- 
#### Conservation des garanties reçues


#### Au 31 décembre 2021, les garanties reçues pour les activités de prêt sur titres sont conservées par le dépositaire, BNP Paribas Securities Services, succursale de Luxembourg.
- 
#### Conservation des garanties accordées


#### Au 31 décembre 2021, aucune garantie n’a été accordée par les compartiments pour des activités de prêt sur titres.

#### Au 31 décembre 2021, les garanties accordées par les compartiments pour des TRS étaient détenues par la Société Générale.
- 
#### Données sur le rendement et le coût de chaque type de SFT


#### Le rendement total des activités de prêt sur titres est réparti entre Generali Investments SICAV, la Société de gestion Generali Investments Luxembourg S.A..

#### Pour l’exercice clôturé le 31 décembre 2021, le montant du rendement en EUR et en pourcentage du rendement total est le suivant :
|  | Montant (en EUR) | % du rendement total* |
| --- | --- | --- |
| GENERALI INVESTMENTS SICAV | 764.617,82 | 84,05% |
| Generali Investments Luxembourg S.A. | 145.086,21 | 15,95% |

*85% et 15% correspondent aux taux contractuels.
Pour les TRS détenus par le compartiment GENERALI INVESTMENTS SICAV - Global Multi Asset Income, les rendements, qui correspondent à la plus-value / moins- value réalisée nette, à la variation des plus-values / moins-values latentes nettes et aux intérêts reçus sur les TRS au cours de la période considérée, ont représenté une perte s’élevant à EUR (4,602,100.32). Les coûts qui correspondent aux intérêts payés sur les TRS au cours de la période considérée, ont été comptabilisés dans la plus-value / moins-value réalisée nette sur les swaps.
La norme comptable appliquée aux flux afférents aux TRS a été définie de sorte que les coupons ou primes perçus chaque trimestre par les TRS soient comptabilisés séparément de la performance réalisée sur les TRS (gain ou perte). Signalons que les intérêts sur les obligations et les dividendes sur les actions sont traités de la même manière sur des comptes distincts.

#### GENERALI INVESTMENTS SICAV
-