# Swisscanto (LU)
## Notes on the annual report as at 31 March 2021

### Note 1: Financial Reports
The fund reports are produced in accordance with the legal provisions and regulations governing undertakings for collective investments applicable in Luxembourg.

### Note 2: Main accounting policies
The total net assets are given in Swiss Francs (CHF) and correspond to the difference between the total assets of the fund and the total liabilities of the fund. For purposes of this calculation, the net assets of each subfund, if they are not denominated in CHF, are converted to CHF at the last known average exchange rates. This conversion was based on the following rate at year-end:
| 1 CHF | = | 1.395037 | AUD |
| --- | --- | --- | --- |
| 1 CHF | = | 5.995847 | BRL |
| 1 CHF | = | 6.964898 | CNY |
| 1 CHF | = | 0.904050 | EUR |
| 1 CHF | = | 0.770116 | GBP |
| 1 CHF | = | 8.26061 | HKD |
| 1 CHF | = | 15,432.5345 | IDR |
| 1 CHF | = | 77.687358 | INR |
| 1 CHF | = | 117.409614 | JPY |
| 1 CHF | = | 1,201.957014 | KRW |
| 1 CHF | = | 4.405785 | MYR |
| 1 CHF | = | 21.739744 | MXN |
| 1 CHF | = | 51.571616 | PHP |
| 1 CHF | = | 9.261296 | SEK |
| 1 CHF | = | 1.427616 | SGD |
| 1 CHF | = | 33.204063 | THB |
| 1 CHF | = | 30.317288 | TWD |
| 1 CHF | = | 1.06253 | USD |
| 1 CHF | = | 15.689584 | ZAR |

Subscriptions, redemptions and conversions are made based on an unknown net asset value. Valuation principles:
- Securities, derivatives and other investments that are listed on a stock market are valued at the last-known market prices. If these securities, derivatives and other investments are listed on several stock exchanges the last available price on the stock exchange that is the main market for this security is key. For securities, derivatives and other investments for which trading on an exchange is minor and for which there is a second market between securities traders with market-based price formation, the management company may undertake the valuation of these securities, derivatives and other investments on the basis of these prices. Securities, derivatives and other investments which are not listed on an exchange, but are traded on another regulated market which is recognized, open to the public and functions in an orderly manner, are valued at the last known price on this market.
- Securities and other investments that are not listed on an exchange or traded on a regulated market are valued at the last market price available. If this is not available, the valuation of the securities is undertaken by the management company as per the other criteria to be set by the board of directors and on the basis of the expected possible sale price, the value of which is to be invested with all due care and to the best of their knowledge.
- Money market instruments which are not listed on an exchange, but are traded on another regulated market which is recognized, open to the public and functions in an orderly manner, may be valued as follows: Starting from the net purchase price, the valuation price of such investments is progressively adjusted to the redemption price, while keeping the investment yield constant. In the event of key changes to the market conditions, the valuation basis of the individual assessments is modified to the new market yield.

Translation (ENFR, 2021-03-31):
# Swisscanto (LU)
## Table des matières

### Page
* Voir note 12