# Statement of changes in net assets for the year ended December 31, 2020
|  |  | Candriam Sustainable Equity Climate Action | Candriam Sustainable Equity Emerging Markets | Candriam Sustainable Equity EMU |
| --- | --- | --- | --- | --- |
|  |  | USD | EUR | EUR |
| Net assets at the beginning of the year |  | 155,549,472 | 620,138,337 | 275,125,284 |
| Income |  |  |  |  |
| Dividends, net | 2k | 3,480,333 | 9,675,735 | 4,725,587 |
| Interest on bonds and money market instruments, net | 2k | 0 | 0 | 0 |
| Interest received on CFD |  | 0 | 0 | 0 |
| Interest received on swaps |  | 0 | 0 | 0 |
| Bank interest |  | 8,150 | 17,944 | 0 |
| Other income |  | 7,420 | 0 | 2,587 |
| Total income |  | 3,495,903 | 9,693,679 | 4,728,174 |
| Expenses |  |  |  |  |
| Management fees | 3 | 766,485 | 2,901,282 | 1,276,078 |
| Operating and Administrative Expenses | 5 | 843,175 | 1,708,543 | 580,086 |
| Distribution fees | 4 | 0 | 0 | 0 |
| Depositary fees | 5 | 15,725 | 76,883 | 15,323 |
| Subscription tax | 6 | 88,045 | 153,700 | 100,300 |
| Transaction costs | 2j | 448,295 | 1,732,699 | 807,396 |
| Interest paid on swaps |  | 0 | 0 | 0 |
| Interest on reverse repurchase agreements |  | 0 | 0 | 0 |
| Bank interest |  | 9,854 | 148,319 | 28,570 |
| Other expenses |  | 0 | 20,745 | 0 |
| Total expenses |  | 2,171,579 | 6,742,171 | 2,807,753 |
| Net income / (loss) from investments |  | 1,324,324 | 2,951,508 | 1,920,421 |
| Net realised gain / (loss) on sales of investments | 2b | (1,888,047) | 17,073,257 | 3,184,686 |
| Net realised gain / (loss) on options | 2e | 0 | 0 | 0 |
| Net realised gain / (loss) on forward foreign exchange contracts | 2f,2g | 986,751 | 6,554 | 0 |
| 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 |  | (96,298) | (11,722,585) | (49,209) |
| Net realised gain / (loss) |  | 326,730 | 8,308,734 | 5,055,898 |

Statement of changes in net assets for the year ended December 31, 2020
|  |  | Candriam Sustainable Equity Europe | Candriam Sustainable Equity Future Mobility* | Candriam Sustainable Equity North America |
| --- | --- | --- | --- | --- |
|  |  | EUR | USD | USD |
| Net assets at the beginning of the year |  | 733,873,753 | 0 | 644,677,868 |
| Income |  |  |  |  |
| Dividends, net | 2k | 13,564,588 | 3,604 | 10,582,461 |
| Interest on bonds and money market instruments, net | 2k | 0 | 0 | 0 |
| Interest received on CFD |  | 0 | 0 | 0 |
| Interest received on swaps |  | 0 | 0 | 0 |
| Bank interest |  | 39 | 0 | 4,259 |
| Other income |  | 564 | 0 | 0 |
| Total income |  | 13,565,191 | 3,604 | 10,586,720 |
| Expenses |  |  |  |  |
| Management fees | 3 | 1,298,541 | 3 | 600,232 |
| Operating and Administrative Expenses | 5 | 1,492,766 | 913 | 1,374,923 |
| Distribution fees | 4 | 0 | 0 | 0 |
| Depositary fees | 5 | 32,980 | 0 | 27,284 |
| Subscription tax | 6 | 83,902 | 364 | 71,835 |
| Transaction costs | 2j | 2,381,882 | 5,999 | 353,063 |
| Interest paid on swaps |  | 0 | 0 | 0 |
| Interest on reverse repurchase agreements |  | 0 | 0 | 0 |
| Bank interest |  | 88,532 | 18 | 13,788 |
| Other expenses |  | 0 | 0 | 0 |
| Total expenses |  | 5,378,603 | 7,297 | 2,441,125 |
| Net income / (loss) from investments |  | 8,186,588 | (3,693) | 8,145,595 |
| Net realised gain / (loss) on sales of investments | 2b | (6,218,071) | 5,651 | 63,560,005 |
| Net realised gain / (loss) on options | 2e | 0 | 0 | 0 |
| Net realised gain / (loss) on forward foreign exchange contracts | 2f,2g | 433 | 10,497 | 1,824,918 |
| 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 |  | (1,441,713) | (20,186) | 302,077 |
| Net realised gain / (loss) |  | 527,237 | (7,731) | 73,832,595 |

*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